3-22-2019 Intel Guru MarkZ I hear that every bank will have their own 800 numbers…so I will be sharing multiple 800 numbers. Remember DON”T LET YOUR CURRENCY OUT OF YOUR SIGHT!!! ...IF THE WEEKEND IS ACTIVE AND THINGS EXECUTE...THEN TUESDAY MAY BE NICE DAY FOR US WE THE PEEPS...If I get big news - I will...maybe have another stream…if not I will update you all in the morning...I will be glued to the phone this weekend. [post 2 of 2]
3-22-2019 Intel Guru MarkZ I am feeling really good about this weekend guys...The rumors are that the RV will start late tonight…I am looking for possibly the trigger is pulled overnight on Saturday and then 800 numbers on Sunday. This makes logistical sense to me...My source in Iraq is expecting a rate change tomorrow….he says there is so much excitement in Iraq right now...Its not a question of "if" It's a question of "When"...if it doesn’t happen by tomorrow we are still at an anytime basis...I still think the back wall is April 1st…but I think it will be already done... [post 1 of 2....stay tuned]
3-22-2019 Newshound Guru Kaperoni [Does pegging the American dollar to the dinar make the dinar go up in value faster ?] When its pegged it can't go anywhere. The primary reason they do this is for stability which is a condition under IMF Article XIV.
3-22-2019 Newshound Guru larrykn I don't care how it comes out to be honest just come out...it would raise to how the investments come in. I don't think it would take forever to get to where we can make money. I find it interesting how Iraq is buying gold for their reserve. that would also help with their currency and stability. ...it has been a long road but they also have made a lot of progress too...not saying they don't have a ways to go but someday there will be a finish line. Hopefully not that far away, time will tell.
3-22-2019 Intel Guru Bruce [via PinkRoses] ...we know that things are happening to bring this to a conclusion. We know certain dates. We know certain things that are happening...we know even though the rates have been fluctuating somewhat over the last few days, they been moving up. The Dinar rate has been moving up. When the Dinar goes up in value, the Dong also increases...We know the Dinar rate is expected to be between $8 and $9 by tomorrow morning [Friday]. ...I believe it is known throughout the globe in many banking institutions that the RV...has initiated and it is moving thru, and it is coming to us. ...I am very excited about that...I am highly expectant to get some good news very shortly.
3-22-2019 Newshound Guru MilitiaMan ...we are in a very good place within the place we are in now with MRs. Add in Mahdi is in Cairo with Jordan tomorrow... Egypt and Jordan are huge trading partners. Is Mahdi getting accolades, from possibly what he did today the 21st of March at the beginning of Norouz holiday to end at the end of the holiday, just as the neighbor [Kuwait?] did in 1991? Well time will tell, but, be sure imo things are in alignment as far as I can tell...
3-22-2019 Newshound Guru Kaperoni ...two articles...confirm the plan for the currency as we have said for years. It will not RV or RI, but will gradually rise over time via float. These articles are simply stating that the government is going to begin to take action (like passing laws) which will have an effect on the CBI (and exchange rate). IMO, Still weeks maybe months. Exciting news for sure but this still takes time. First we need the laws, then the investors/investment, then pressure on the capital account at the CBI, then the float to offset that pressure. Remember...the CBI is in control of monetary policy. And the government is in control of activating investment/investors. The tool the CBI uses to combat inflation is to float the dinar. This all takes time.
3-22-2019 Intel Guru MarkZ I am feeling really good about this weekend guys...The rumors are that the RV will start late tonight…I am looking for possibly the trigger is pulled overnight on Saturday and then 800 numbers on Sunday. This makes logistical sense to me...My source in Iraq is expecting a rate change tomorrow….he says there is so much excitement in Iraq right now...Its not a question of "if" It's a question of "When"...if it doesn’t happen by tomorrow we are still at an anytime basis...I still think the back wall is April 1st…but I think it will be already done... [post 1 of 2....stay tuned]
3-22-2019 Newshound Guru Kaperoni [Does pegging the American dollar to the dinar make the dinar go up in value faster ?] When its pegged it can't go anywhere. The primary reason they do this is for stability which is a condition under IMF Article XIV.
3-22-2019 Newshound Guru larrykn I don't care how it comes out to be honest just come out...it would raise to how the investments come in. I don't think it would take forever to get to where we can make money. I find it interesting how Iraq is buying gold for their reserve. that would also help with their currency and stability. ...it has been a long road but they also have made a lot of progress too...not saying they don't have a ways to go but someday there will be a finish line. Hopefully not that far away, time will tell.
3-22-2019 Intel Guru Bruce [via PinkRoses] ...we know that things are happening to bring this to a conclusion. We know certain dates. We know certain things that are happening...we know even though the rates have been fluctuating somewhat over the last few days, they been moving up. The Dinar rate has been moving up. When the Dinar goes up in value, the Dong also increases...We know the Dinar rate is expected to be between $8 and $9 by tomorrow morning [Friday]. ...I believe it is known throughout the globe in many banking institutions that the RV...has initiated and it is moving thru, and it is coming to us. ...I am very excited about that...I am highly expectant to get some good news very shortly.
3-22-2019 Newshound Guru MilitiaMan ...we are in a very good place within the place we are in now with MRs. Add in Mahdi is in Cairo with Jordan tomorrow... Egypt and Jordan are huge trading partners. Is Mahdi getting accolades, from possibly what he did today the 21st of March at the beginning of Norouz holiday to end at the end of the holiday, just as the neighbor [Kuwait?] did in 1991? Well time will tell, but, be sure imo things are in alignment as far as I can tell...
3-22-2019 Newshound Guru Kaperoni ...two articles...confirm the plan for the currency as we have said for years. It will not RV or RI, but will gradually rise over time via float. These articles are simply stating that the government is going to begin to take action (like passing laws) which will have an effect on the CBI (and exchange rate). IMO, Still weeks maybe months. Exciting news for sure but this still takes time. First we need the laws, then the investors/investment, then pressure on the capital account at the CBI, then the float to offset that pressure. Remember...the CBI is in control of monetary policy. And the government is in control of activating investment/investors. The tool the CBI uses to combat inflation is to float the dinar. This all takes time.
3-21-2019 Newshound Guru Breitling Iraq needs the price per barrel to be at $57 to pay for their economy. But to pull it out of the ground is much cheaper…they’re probably pulling it out of the group for $9 or $10 per barrel and then putting it on the market and the market price is $57.
3-21-2019 Newshound/Intel Guru David M. Witty Iraqi MP from Fatah Coalition says Parliament's schedule for next week does not contain a vote on vacant cabinet positions. However, he thinks there will be a vote in the following week. Still disagreements among political blocs about cabinet positions.
3-21-2019 Intel Guru ADMINBILL We will get there folks. ...The roll out started last week and continues today. It's kind of like rolling out a new carpet. Stays curled up at the end making it easy to trip over. It will be flat & usable soon enough.
3-21-2019 Intel Guru MarkZ [Iraq triggers the dong and other currencies? Basket of currencies?] They will all go at once…Iraq is just one of the biggest parts of the basket...
3-21-2019 Newshound Guru Breitling Question: What do the Iraqi’s need to finish for it to revalue? As far as legislation and policy absolutely nothing… I still don’t understand why they haven’t revalued or simply haven’t started adding value to it. I don’t understand that…the real price of the Iraqi dinar comes from the CBI. That’s all you need to know.
3-21-2019 Intel Guru Frank26 & Walkingstick With the cancellation of these contracts, and the rewriting of them, well there’s no doubt, yeah, we trapped them. We SEALED IT! For the rate to...show itself to us. ...if they do come out and pay us 300,000,000 dinars or 300,000 USD, well then they tipped their hat to us, that the rate is 1:1 that they are calculating with. Or they simply don’t care about the public knowledge of the reinstatement of their currency. Everybody knows what they’re doing. This financial action, is in the contract, is in the pay of the citizens that work for Walkingstick’s firm. For all his companies. For all the citizens getting paid. And it’s not a mathematical mistake. It is the reinstatement of the IQD, in the change of their exchange rate. And they will tell you when it’s official and when it’s done. As much as you can see and transparently right through it, as if it was casper the ghost. You know very well what’s going on. You just don’t know when they’re going to announce it. THAT’S IT!!! This reinstatement feels so close, you know why...? Because it’s not a secret. [post 3 of 3]
3-21-2019 Intel Guru Frank26 & Walkingstick ...Now, when they changed them, last week, WS [Guru Walkingstick] firms lawyers got involved, in the rewriting of the contracts. And what it boils down to is they use the wording in the contracts they have received to guarantee 1:1. The contract says very plain and simple: for example a $300,000 USD contract, when they pay us (WS firm) it is to be paid equivalent value of IQDs. They have two choices they can either pay us 300,000 American Dollars or they pay us 300,000 IQDs equivalent to American Dollars. And the only way they can do that is if they paid us at 1:1. These new rewritten contracts that still contain a 1:1 rate, are due to be paid to us in the next 5 days. If they do pay us to the equivalent of the American dollar, 300,000 IQD, then that’s the 1:1 that has been factored in to the redomination, into the revaluation, into their revaluation numbers...And time will tell us whether or not we painted them into a corner. ...But if they pay us 300,000,000,000 (billion) dinars, we know that they have not changed the numbers...We shall know by Friday. [post 2 of 3....stay tuned]
3-21-2019 Intel Guru Frank26 & Walkingstick [via Sunkissed] Remember the contracts that were presented to us on December 28, 2018... Those were 30, 45, 60, and 90 day contracts. They paid for the 30-day contracts. The more recent contracts on the 30 and 60 days have just been cancelled. They were just cancelled this week to be rewritten. They complied with some of the contracts. But they cancelled the big ones, the latest ones, but they were rewritten in the same manner. Will be paid at 1:1. When they cancelled and rewrote them, they kicked the can down the road. They rewrote them better. ...They were written in the same manner as the ones on December 28, to be paid in USDs, or the equivalent IQDs with the exchange rate. [post 1 of 3....stay tuned]
3-21-2019 Newshound Guru MilitiaMan Article: "Parliamentary move to raise the price of the dinar and maintain the stability of inflation" Quote: "the change will raise the exchange rate of the Iraqi dinar against foreign currencies" The wording "the change will" means it is going to happen! They are moving on it now, imo, effectively. ... EXCITING TIMES FOLKS...
3-21-2019 Newshound/Intel Guru David M. Witty Iraqi MP from Fatah Coalition says Parliament's schedule for next week does not contain a vote on vacant cabinet positions. However, he thinks there will be a vote in the following week. Still disagreements among political blocs about cabinet positions.
3-21-2019 Intel Guru ADMINBILL We will get there folks. ...The roll out started last week and continues today. It's kind of like rolling out a new carpet. Stays curled up at the end making it easy to trip over. It will be flat & usable soon enough.
3-21-2019 Intel Guru MarkZ [Iraq triggers the dong and other currencies? Basket of currencies?] They will all go at once…Iraq is just one of the biggest parts of the basket...
3-21-2019 Newshound Guru Breitling Question: What do the Iraqi’s need to finish for it to revalue? As far as legislation and policy absolutely nothing… I still don’t understand why they haven’t revalued or simply haven’t started adding value to it. I don’t understand that…the real price of the Iraqi dinar comes from the CBI. That’s all you need to know.
3-21-2019 Intel Guru Frank26 & Walkingstick With the cancellation of these contracts, and the rewriting of them, well there’s no doubt, yeah, we trapped them. We SEALED IT! For the rate to...show itself to us. ...if they do come out and pay us 300,000,000 dinars or 300,000 USD, well then they tipped their hat to us, that the rate is 1:1 that they are calculating with. Or they simply don’t care about the public knowledge of the reinstatement of their currency. Everybody knows what they’re doing. This financial action, is in the contract, is in the pay of the citizens that work for Walkingstick’s firm. For all his companies. For all the citizens getting paid. And it’s not a mathematical mistake. It is the reinstatement of the IQD, in the change of their exchange rate. And they will tell you when it’s official and when it’s done. As much as you can see and transparently right through it, as if it was casper the ghost. You know very well what’s going on. You just don’t know when they’re going to announce it. THAT’S IT!!! This reinstatement feels so close, you know why...? Because it’s not a secret. [post 3 of 3]
3-21-2019 Intel Guru Frank26 & Walkingstick ...Now, when they changed them, last week, WS [Guru Walkingstick] firms lawyers got involved, in the rewriting of the contracts. And what it boils down to is they use the wording in the contracts they have received to guarantee 1:1. The contract says very plain and simple: for example a $300,000 USD contract, when they pay us (WS firm) it is to be paid equivalent value of IQDs. They have two choices they can either pay us 300,000 American Dollars or they pay us 300,000 IQDs equivalent to American Dollars. And the only way they can do that is if they paid us at 1:1. These new rewritten contracts that still contain a 1:1 rate, are due to be paid to us in the next 5 days. If they do pay us to the equivalent of the American dollar, 300,000 IQD, then that’s the 1:1 that has been factored in to the redomination, into the revaluation, into their revaluation numbers...And time will tell us whether or not we painted them into a corner. ...But if they pay us 300,000,000,000 (billion) dinars, we know that they have not changed the numbers...We shall know by Friday. [post 2 of 3....stay tuned]
3-21-2019 Intel Guru Frank26 & Walkingstick [via Sunkissed] Remember the contracts that were presented to us on December 28, 2018... Those were 30, 45, 60, and 90 day contracts. They paid for the 30-day contracts. The more recent contracts on the 30 and 60 days have just been cancelled. They were just cancelled this week to be rewritten. They complied with some of the contracts. But they cancelled the big ones, the latest ones, but they were rewritten in the same manner. Will be paid at 1:1. When they cancelled and rewrote them, they kicked the can down the road. They rewrote them better. ...They were written in the same manner as the ones on December 28, to be paid in USDs, or the equivalent IQDs with the exchange rate. [post 1 of 3....stay tuned]
3-21-2019 Newshound Guru MilitiaMan Article: "Parliamentary move to raise the price of the dinar and maintain the stability of inflation" Quote: "the change will raise the exchange rate of the Iraqi dinar against foreign currencies" The wording "the change will" means it is going to happen! They are moving on it now, imo, effectively. ... EXCITING TIMES FOLKS...
3-20-2019 Newshound/Intel Guru Mnt Goat Also I want to remind you that...parliament passed the law to allow more independency in the CBI, not that legally they don’t already have it. But when the GOI keeps holding them back, they needed this law to get over all this corruption. After reading this article I really think that parliament is going to go over the PM and get it done with the CBI. So I would consider this one of those WOW! articles. [post 2 of 2]
3-20-2019 Newshound/Intel Guru Mnt Goat I need everyone to take a deep breath and hold on to your seats. We...have one article in particular that is simply amazing and warrants getting the champagne back in the frig. It is one of these “WOW!” articles. We have not had this kind of news in a very long time... Article: "PARLIAMENTARY FINANCE COMMITTEE IS DEVELOPING MECHANISMS TO CHANGE THE COUNTRY'S FISCAL AND MONETARY POLICIES IN COORDINATION WITH THE CENTRAL BANK OF IRAQ" So here is it in black and white, the news of the RV we have been waiting for in anticipation...Just like I told you... It will all surface when they are ready to do it. Now they are ready. [post 1 of 2....stay tuned]
3-20-2019 Intel Guru MarkZ There is a whole lot breaking loose right now...If things roll out today like we think they might…maybe we will see 800’s by Thursday or Friday. ...My Contact in Iraq expects the rate on Saturday...
... [DO YOU FEEL...That Provided Iraq DOES POST the New Rate in their Paper on Saturday, that it could STILL BE 10 DAYS...BEFORE THE REST OF US CAN EXCHANGE CURRENCIES...?] I think it will be instant all around the world….It would be easiest for them to post the rates on Saturday and then we all get started…we will have to wait and see what happens.
3-20-2019 Intel Guru Bruce A lot of things have come in here the last few days. ...We know Iraq is basically complete with everything they were supposed to do. We know on the screens today that the Dinar was fluctuating... ...Rates have been adjusting upward...they are still adjusting...We are expecting the Dong to be pretty close to $7 or more on the front screen...The Dinar will be good. It will be higher obviously. Maybe not a whole lot higher though not initially. I think it will climb after it is brought out and after it has been traded more than it has so far. ...We are about to embark on I think some major things happening...we are looking at the possibility of things happening by Thursday for us...We got a lot to look forward to the next couple of days. I really believe we are on our way.
3-20-2019 Intel Guru Frank26 SOMETHING HAPPENED TODAY AND OUR NEWSHOUNDS ARE BRINGING IT TO YOU...IT IS VERY SIGNIFICANT. Article: "Parliamentary move to raise the price of the dinar and maintain the stability of inflation" Quotes: "The Parliamentary Finance Committee is moving in the current legislative session to develop mechanisms to change the monetary and monetary policies in the country, in coordination with the Central Bank of Iraq, aimed at raising the dinar exchange rate and maintaining the stability of inflation."; "the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation In the country".
3-20-2019 Newshound/Intel Guru Mnt Goat Article: "THE PAPER AND METAL CURRENCY AFTER 2003, WHICH DID NOT SUCCEED IN TRADING AND WAS CANCELED" I would consider this an early phase of educating the citizens about the currency. Remember that in 2015 coming close to January 2016, the CBI told us they wanted launch the 100 coins but later decided not to. ...I believe they are getting ready to launch these 25, 50 and 100 very soon and are telling the citizens to watch out for the “cancelled” 50 dinar notes from 2003 no longer valid and that here are the pictures of the coins that are valid and coming soon. This is PERFECT too since we know that are going to slowly launch these smaller categories as the market dictates...
3-20-2019 Newshound/Intel Guru Mnt Goat I need everyone to take a deep breath and hold on to your seats. We...have one article in particular that is simply amazing and warrants getting the champagne back in the frig. It is one of these “WOW!” articles. We have not had this kind of news in a very long time... Article: "PARLIAMENTARY FINANCE COMMITTEE IS DEVELOPING MECHANISMS TO CHANGE THE COUNTRY'S FISCAL AND MONETARY POLICIES IN COORDINATION WITH THE CENTRAL BANK OF IRAQ" So here is it in black and white, the news of the RV we have been waiting for in anticipation...Just like I told you... It will all surface when they are ready to do it. Now they are ready. [post 1 of 2....stay tuned]
3-20-2019 Intel Guru MarkZ There is a whole lot breaking loose right now...If things roll out today like we think they might…maybe we will see 800’s by Thursday or Friday. ...My Contact in Iraq expects the rate on Saturday...
... [DO YOU FEEL...That Provided Iraq DOES POST the New Rate in their Paper on Saturday, that it could STILL BE 10 DAYS...BEFORE THE REST OF US CAN EXCHANGE CURRENCIES...?] I think it will be instant all around the world….It would be easiest for them to post the rates on Saturday and then we all get started…we will have to wait and see what happens.
3-20-2019 Intel Guru Bruce A lot of things have come in here the last few days. ...We know Iraq is basically complete with everything they were supposed to do. We know on the screens today that the Dinar was fluctuating... ...Rates have been adjusting upward...they are still adjusting...We are expecting the Dong to be pretty close to $7 or more on the front screen...The Dinar will be good. It will be higher obviously. Maybe not a whole lot higher though not initially. I think it will climb after it is brought out and after it has been traded more than it has so far. ...We are about to embark on I think some major things happening...we are looking at the possibility of things happening by Thursday for us...We got a lot to look forward to the next couple of days. I really believe we are on our way.
3-20-2019 Intel Guru Frank26 SOMETHING HAPPENED TODAY AND OUR NEWSHOUNDS ARE BRINGING IT TO YOU...IT IS VERY SIGNIFICANT. Article: "Parliamentary move to raise the price of the dinar and maintain the stability of inflation" Quotes: "The Parliamentary Finance Committee is moving in the current legislative session to develop mechanisms to change the monetary and monetary policies in the country, in coordination with the Central Bank of Iraq, aimed at raising the dinar exchange rate and maintaining the stability of inflation."; "the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation In the country".
3-20-2019 Newshound/Intel Guru Mnt Goat Article: "THE PAPER AND METAL CURRENCY AFTER 2003, WHICH DID NOT SUCCEED IN TRADING AND WAS CANCELED" I would consider this an early phase of educating the citizens about the currency. Remember that in 2015 coming close to January 2016, the CBI told us they wanted launch the 100 coins but later decided not to. ...I believe they are getting ready to launch these 25, 50 and 100 very soon and are telling the citizens to watch out for the “cancelled” 50 dinar notes from 2003 no longer valid and that here are the pictures of the coins that are valid and coming soon. This is PERFECT too since we know that are going to slowly launch these smaller categories as the market dictates...
3-19-2019 *** Dinar Guru News Update *** It appears the Iraqi Dinar has been maintained the IMF 2% rule for the Baghdad Market rate vs Official rate for 1 year. (The CBI has reported compliance in the full Iraqi Market for 5 months). This is a very long period of stability for the dinar! You can always see the CBI Market and Official rates on the left of this page. The latest guru posts will continue below...
3-19-2019 Intel Guru MarkZ [Have you heard that IRANIAN Influence is still a factor of holding up the reinstatement and monetary reform?] Yes I have heard that in the past….the concern in Iran was if they were going to continue to sponser terror…I think that has been handled now.
3-19-2019 Newshound/Intel Guru Mnt Goat ...when they think that the CBI has the adequate reserves (and other things) this will give the CBI sound reasoning to go for the reinstatement. In one of the articles today once again they told us they would the “3.3” ($3.30) rate back to the dinar. ...they will probably go beyond that. I quote from the article... “Iraqi state budget was 11 billion dollars and the exchange rate of the dollar 3.3 and today the state budget 450 billion and the exchange rate of the dollar is 1189 dinars.” I think we could possibly be in a window... [post 2 of 2]
3-19-2019 Newshound/Intel Guru Mnt Goat “WHENEVER A RESERVE OF HARD CURRENCY IS INCREASED IN THE STATE TREASURY, THE VALUE OF THE LOCAL CURRENCY RISES.” WOW! Could this also be yet another reason why the CBI is waiting to RI? They need for the reserves to increase? Remember that when Dr Shabibi was about the RI way back in Jan 2013, the CBI reserves where at a all time high of 90+ billion. We know the war with ISIS has brought the CBI reserves down to a dangerous level of about 45 billion. Last we hear the reserves recovered and were about 60+ billion and climbing... [post 1 of 2....stay tuned]
3-19-2019 Intel Guru RayRen98 US Banks - One source says the final rates are not visible, but temporary rates are still intermittently flashing. Other sources are again excited and telling us that we will be "jumping for joy" later this week. ...Well, I am pleased to hear their excitement, but I remain cool, calm and collective until something substantial happens...so should you...Time Will Tell It All! [post 2 of 2]
3-19-2019 Intel Guru RayRen98 "Supposedly" new release codes were to be released to the banks on last Friday after the market closed for Monday morning effectiveness. We are still awaiting more information on the status of said specific codes. Iraqi TV is broadcast Cleric Sadr talking about starting up an effort to replace PM Madhi due to failing to complete the government by now. He also proposed bringing Abadi back as the Prime Minister. Parliament moved it's March 23 session to Sunday, March 24 citing a holiday schedule conflict. [post 1 of 2....stay tuned]
3-19-2019 Intel Guru MarkZ [Are your contacts in the CBI?] My contacts work closely with the CBI. What makes most sense to me is an RI (re-instatement) of the old rate and then let it float up to correct for inflation. My person on the ground in Iraq - as of yesterday says the new rate is not posted in the Gazette yet. We are definitely watching around the clock all week long…so many people say we are there. The news is pretty solid. If anything big happens today I will...be back tonight…if not I will update you all tomorrow morning…. [post 2 of 2]
3-19-2019 Intel Guru MarkZ [I've heard rumors that when this happens and hits 4X that could drive the value up to as much as $8 and then it would settle back to where it should be. what's your opinion on that?] I absolutely agree with that…When Kuwait released…I think around $2.50 and the rate drove up to over $9…With this RI in Iraq - I think there would be a more structured increase. With this exchange with Iraq...it will be for oil credits. [post 1 of 2....stay tuned]
3-19-2019 Newshound Guru Don961 Article: "Al-Araji: Sadr may launch a project against the government of Abdul Mahdi and Abadi will return" Quote: "The political ground is ready for Sadr's reform project," he said, adding that "there is political and popular discontent towards the government of Abdul Mahdi." He added that "Abdul-Mahdi does not have the tools to implement his government program" "He said.
3-19-2019 Newshound/Intel Guru David M. Witty In Iraq, source close to Muqtada Sadr says Sadr considers PM Abdel-Mahdi a failure & that his government will likely fall soon. Sadr is signalling this to political blocs. PM has done nothing.
3-19-2019 Newshound/Intel Guru Mnt Goat The news pouring out of Iraq now is all about Iranian influence and how it is negatively effecting Iraq and the currency reform process. When we see such a number of articles concentrating all on the same topic, we can see clearly that this is what they are working on now and need to resolve. ...This area I totally see how it is impacting on holding back the currency reform, the project to delete the zeros and the reinstatement and so it got my attention. We may be coming to an end to this fiasco of holding back the reinstatement after all if this newest effort will work. So, we sit tight and wait for anticipation.
3-19-2019 Newshound/Intel Guru Mnt Goat ...when they think that the CBI has the adequate reserves (and other things) this will give the CBI sound reasoning to go for the reinstatement. In one of the articles today once again they told us they would the “3.3” ($3.30) rate back to the dinar. ...they will probably go beyond that. I quote from the article... “Iraqi state budget was 11 billion dollars and the exchange rate of the dollar 3.3 and today the state budget 450 billion and the exchange rate of the dollar is 1189 dinars.” I think we could possibly be in a window... [post 2 of 2]
3-19-2019 Newshound/Intel Guru Mnt Goat “WHENEVER A RESERVE OF HARD CURRENCY IS INCREASED IN THE STATE TREASURY, THE VALUE OF THE LOCAL CURRENCY RISES.” WOW! Could this also be yet another reason why the CBI is waiting to RI? They need for the reserves to increase? Remember that when Dr Shabibi was about the RI way back in Jan 2013, the CBI reserves where at a all time high of 90+ billion. We know the war with ISIS has brought the CBI reserves down to a dangerous level of about 45 billion. Last we hear the reserves recovered and were about 60+ billion and climbing... [post 1 of 2....stay tuned]
3-19-2019 Intel Guru RayRen98 US Banks - One source says the final rates are not visible, but temporary rates are still intermittently flashing. Other sources are again excited and telling us that we will be "jumping for joy" later this week. ...Well, I am pleased to hear their excitement, but I remain cool, calm and collective until something substantial happens...so should you...Time Will Tell It All! [post 2 of 2]
3-19-2019 Intel Guru RayRen98 "Supposedly" new release codes were to be released to the banks on last Friday after the market closed for Monday morning effectiveness. We are still awaiting more information on the status of said specific codes. Iraqi TV is broadcast Cleric Sadr talking about starting up an effort to replace PM Madhi due to failing to complete the government by now. He also proposed bringing Abadi back as the Prime Minister. Parliament moved it's March 23 session to Sunday, March 24 citing a holiday schedule conflict. [post 1 of 2....stay tuned]
3-19-2019 Intel Guru MarkZ [Are your contacts in the CBI?] My contacts work closely with the CBI. What makes most sense to me is an RI (re-instatement) of the old rate and then let it float up to correct for inflation. My person on the ground in Iraq - as of yesterday says the new rate is not posted in the Gazette yet. We are definitely watching around the clock all week long…so many people say we are there. The news is pretty solid. If anything big happens today I will...be back tonight…if not I will update you all tomorrow morning…. [post 2 of 2]
3-19-2019 Intel Guru MarkZ [I've heard rumors that when this happens and hits 4X that could drive the value up to as much as $8 and then it would settle back to where it should be. what's your opinion on that?] I absolutely agree with that…When Kuwait released…I think around $2.50 and the rate drove up to over $9…With this RI in Iraq - I think there would be a more structured increase. With this exchange with Iraq...it will be for oil credits. [post 1 of 2....stay tuned]
3-19-2019 Newshound Guru Don961 Article: "Al-Araji: Sadr may launch a project against the government of Abdul Mahdi and Abadi will return" Quote: "The political ground is ready for Sadr's reform project," he said, adding that "there is political and popular discontent towards the government of Abdul Mahdi." He added that "Abdul-Mahdi does not have the tools to implement his government program" "He said.
3-19-2019 Newshound/Intel Guru David M. Witty In Iraq, source close to Muqtada Sadr says Sadr considers PM Abdel-Mahdi a failure & that his government will likely fall soon. Sadr is signalling this to political blocs. PM has done nothing.
3-19-2019 Newshound/Intel Guru Mnt Goat The news pouring out of Iraq now is all about Iranian influence and how it is negatively effecting Iraq and the currency reform process. When we see such a number of articles concentrating all on the same topic, we can see clearly that this is what they are working on now and need to resolve. ...This area I totally see how it is impacting on holding back the currency reform, the project to delete the zeros and the reinstatement and so it got my attention. We may be coming to an end to this fiasco of holding back the reinstatement after all if this newest effort will work. So, we sit tight and wait for anticipation.
3-18-2019 Newshound Guru Kaperoni Article: "Keywords calls to stimulate the real sectors in the country to raise the pressure on the central bank" I am still riding high...on that CBI article I posted over the weekend. The CBI was very clear they want pressure in the article from last weekend. In fact Alaq said "pressure." If you put that in context for what the CBI does (monetary policy)...it is very clear what they saying. I am still hopeful by mid summer Iraq will be ready to begin reforms.
3-18-2019 Intel Guru MarkZ I can find no movement over the weekend. The rumor is banks have received the packages…we have been told by banking contacts that everything goes down between today and Wed. ...I am taking news from banks with a grain of salt…. [... Is there a back wall date?] I think the back wall is the end of March. [Is the QFS (Quantum Financial System)in place to protect our exchange.] I hear it is. ...I hear everything is ready.
3-18-2019 Newshound Guru MilitiaMan Article: "Rafidain: We support partnership with the private sector" Article quote: "Gaining ISO certification for your organization means more accessible entry into new markets, globally-accepted products and services, and compatibility across the world. It also improves your credibility, your process, and ensures focus on customer satisfaction." Having the ISO 9001 aligning or mirroring with Loyds is another big indicator they are gearing for a move towards doing international banking in a big way...All these things ISO 9001 represents shows growth and progress to that Iraq banking is looking to be so very close to un rolling the private sector in a far more advanced way than ever before...a prelude for what is at the door...imo...
3-18-2019 Intel Guru MarkZ I can find no movement over the weekend. The rumor is banks have received the packages…we have been told by banking contacts that everything goes down between today and Wed. ...I am taking news from banks with a grain of salt…. [... Is there a back wall date?] I think the back wall is the end of March. [Is the QFS (Quantum Financial System)in place to protect our exchange.] I hear it is. ...I hear everything is ready.
3-18-2019 Newshound Guru MilitiaMan Article: "Rafidain: We support partnership with the private sector" Article quote: "Gaining ISO certification for your organization means more accessible entry into new markets, globally-accepted products and services, and compatibility across the world. It also improves your credibility, your process, and ensures focus on customer satisfaction." Having the ISO 9001 aligning or mirroring with Loyds is another big indicator they are gearing for a move towards doing international banking in a big way...All these things ISO 9001 represents shows growth and progress to that Iraq banking is looking to be so very close to un rolling the private sector in a far more advanced way than ever before...a prelude for what is at the door...imo...
3-17-2019 Intel Guru MarkZ [your opinion on dela rue machine, or let them send it away, to be verified.] After talking to a treasury contact ...and a number of banking contacts…they told me to NOT LET OUR CURRENCY OUT OF OUR SIGHT…so that’s what I am going to do.
3-17-2019 Newshound/Intel Guru Mnt Goat Article: "COOPERATION OF AMERICAN COMPANIES TO ENTER IRAQ, ESPECIALLY IN FOUR PROVINCES" Quote: "This year will see a great opening and a clear renaissance in the country." This is all fine but how will the companies transfer funds in and out of Iraq? Will they want to convert dinars to US dollars in the currency auctions? I don’t think so…They will want to do through the banking process and they use FOREX. Oh – but the rate is not yet on FOREX.
3-17-2019 Intel Guru MarkZ Historically RVs have happened on a Tuesday or a Thursday... We were told ...way back when that we would go to bed on a sat. night and rates would change and we wake up Monday to all new rates.
3-17-2019 Newshound Guru larrykn the pressure on the CBI is a good thing...they talk about opening the ATM machines to pay salaries and such. If we look at the destruction that happen over there I believe they need more banks with ATM so the customers can get to their money, this will take time and this might be the reason they are taking their time. but then again the seating of the rest of the cabinet might be part of that too. I'm just not sure that is a requirement for Iraq to move forward. We will see, soon. I hear parliament will meet again on the 23rd, we can only hope they can get them seated.
3-17-2019 Newshound Guru Kaperoni Folks need to understand, Iraq is not going to raise the value of their currency arbitrarily. If it goes up in value it will be because the world helped Iraq rebuild and prosper. New central bank article today calling on the politicians to stimulate the real sectors of the country putting pressure on the CBI. This is what I have been saying all along!
3-17-2019 Newshound/Intel Guru Mnt Goat Article: "COOPERATION OF AMERICAN COMPANIES TO ENTER IRAQ, ESPECIALLY IN FOUR PROVINCES" Quote: "This year will see a great opening and a clear renaissance in the country." This is all fine but how will the companies transfer funds in and out of Iraq? Will they want to convert dinars to US dollars in the currency auctions? I don’t think so…They will want to do through the banking process and they use FOREX. Oh – but the rate is not yet on FOREX.
3-17-2019 Intel Guru MarkZ Historically RVs have happened on a Tuesday or a Thursday... We were told ...way back when that we would go to bed on a sat. night and rates would change and we wake up Monday to all new rates.
3-17-2019 Newshound Guru larrykn the pressure on the CBI is a good thing...they talk about opening the ATM machines to pay salaries and such. If we look at the destruction that happen over there I believe they need more banks with ATM so the customers can get to their money, this will take time and this might be the reason they are taking their time. but then again the seating of the rest of the cabinet might be part of that too. I'm just not sure that is a requirement for Iraq to move forward. We will see, soon. I hear parliament will meet again on the 23rd, we can only hope they can get them seated.
3-17-2019 Newshound Guru Kaperoni Folks need to understand, Iraq is not going to raise the value of their currency arbitrarily. If it goes up in value it will be because the world helped Iraq rebuild and prosper. New central bank article today calling on the politicians to stimulate the real sectors of the country putting pressure on the CBI. This is what I have been saying all along!
3-16-2019 Newshound Guru larrykn they have raised their currency one time since they were put of the artificial rate that went from 3000 to 1200...they have floated with the dollar since then. once they go into Art 8 and come out to the world...that all will change...
3-16-2019 Newshound Guru chattels [So,will the GOI be completed today?] Parliament adjourned until the 23rd the last that I saw/read.
3-16-2019 Intel Guru MarkZ ...If things play out like we think…..maybe 800 numbers on Sunday Night. ...Banks do want you all to exchange with them so they will be anxious to have you come in and exchange with them. I feel they will give you the best rates possible to keep you with them. Remember if anything big happens I will come back and let you know... [post 2 of 2]
3-16-2019 Intel Guru MarkZ ...Remember Trump had said he wanted the reset in the first quarter of 2019…which is almost over. [does potus press the button for the rv to start] No he does not- Is he in charge of making sure the US is prepared? Yes. [So Trump and Warren Buffet have dinar?] Yes…and if anyone thinks you are crazy – point this out that 2 of the most knowledgeable investors around think this was a solid investment. [You still think we wont pay taxes on our exchanges?] I defiantly still think there will be no taxes on the exchange. [Speak with a tax expert at the appropriate time about tax laws and regulations] [post 1 of 2....stay tuned]
3-16-2019 Newshound Guru Kaperoni ...substantial investment will cause pressure on the CBI. This is why the CBI needs a tool to counter such. That tool is the a liberal exchange rate regime (float) to allow the gradual appreciation of the currency to offset such pressure. ...look at the bigger picture...Iraq needs investors/investment ...billions of dollars to rebuild, create a market economy. That will create economic pressure and the solution to that is to raise the value. [post 2 of 2]
3-16-2019 Newshound Guru Kaperoni Iraq needs to complete the government and parliament needs to pass the laws before it can open up to investors/investment. Nobody coming otherwise. [Can all of that be done in a short time?] Sure if they decide to do it. But they have shown they are lazy and don't want to accomplish much. Time will tell...and pressure is on them to open the economy. [post 1 of 2....stay tuned]
3-16-2019 Intel Guru MarkZ My guess is reset this weekend and 800 numbers this weekend and exchanges to start Tuesday through Thursday. [After we RV will there be time to buy currency that will be in the 2nd basket before it RV's?] Absolutely- I plan on investing in the second basket...some of those countries are just not ready yet. [Have we ever been this far in the process so far?] Hell No we have never been this far before...exciting things are happening all over...I am still 99 % sure it will happen this month… We have never been this close… I am 99.9 sure we will see it this month...
3-16-2019 Newshound Guru chattels [So,will the GOI be completed today?] Parliament adjourned until the 23rd the last that I saw/read.
3-16-2019 Intel Guru MarkZ ...If things play out like we think…..maybe 800 numbers on Sunday Night. ...Banks do want you all to exchange with them so they will be anxious to have you come in and exchange with them. I feel they will give you the best rates possible to keep you with them. Remember if anything big happens I will come back and let you know... [post 2 of 2]
3-16-2019 Intel Guru MarkZ ...Remember Trump had said he wanted the reset in the first quarter of 2019…which is almost over. [does potus press the button for the rv to start] No he does not- Is he in charge of making sure the US is prepared? Yes. [So Trump and Warren Buffet have dinar?] Yes…and if anyone thinks you are crazy – point this out that 2 of the most knowledgeable investors around think this was a solid investment. [You still think we wont pay taxes on our exchanges?] I defiantly still think there will be no taxes on the exchange. [Speak with a tax expert at the appropriate time about tax laws and regulations] [post 1 of 2....stay tuned]
3-16-2019 Newshound Guru Kaperoni ...substantial investment will cause pressure on the CBI. This is why the CBI needs a tool to counter such. That tool is the a liberal exchange rate regime (float) to allow the gradual appreciation of the currency to offset such pressure. ...look at the bigger picture...Iraq needs investors/investment ...billions of dollars to rebuild, create a market economy. That will create economic pressure and the solution to that is to raise the value. [post 2 of 2]
3-16-2019 Newshound Guru Kaperoni Iraq needs to complete the government and parliament needs to pass the laws before it can open up to investors/investment. Nobody coming otherwise. [Can all of that be done in a short time?] Sure if they decide to do it. But they have shown they are lazy and don't want to accomplish much. Time will tell...and pressure is on them to open the economy. [post 1 of 2....stay tuned]
3-16-2019 Intel Guru MarkZ My guess is reset this weekend and 800 numbers this weekend and exchanges to start Tuesday through Thursday. [After we RV will there be time to buy currency that will be in the 2nd basket before it RV's?] Absolutely- I plan on investing in the second basket...some of those countries are just not ready yet. [Have we ever been this far in the process so far?] Hell No we have never been this far before...exciting things are happening all over...I am still 99 % sure it will happen this month… We have never been this close… I am 99.9 sure we will see it this month...
3-15-2019 Newshound/Intel Guru Mnt Goat ...the CBI...must wait for the GOI and IMF to give the green light. I was told that no smaller category notes have yet been launched only more of the existing 250, 500 and 1000 notes in the ATMS...but what about the much lower 100, 50, 5, 10 and fils? Yes, this is an important question to ask for as far as Iraqis are concerned the lower denominations are out already but not the ones we are looking for... [post 2 of 2]
3-15-2019 Newshound/Intel Guru Mnt Goat ...On Wednesday I called my source in the CBI and had a chat. I am not hearing of any target date for this week or over the weekend to reinstate the dinar on FOREX...Again, I am telling everyone we are just now waiting for the last 4 ministers to be seated (especially the interior minister) as the Iraqis have been told many times they need a “fully” formed and functional government or they will not be allowed to reinstate the currency...Meanwhile I am told the CBI is ready and has been ready. They have had a lot of cleanup on the banking and currency fraud with the currency auctions. But at the point it will NOT stop the reinstatement once approved. They need desperately to move forward... [post 1 of 2....stay tuned]
3-15-2019 Intel Guru Bruce [via PinkRoses] We should be good for this weekend. I am still hearing that...the weekend being Saturday and Sunday. What I am hearing today has been very positive...I also know through good sources that THEY SHOULD allow us to set up appointments Saturday for our...exchanges. It could be Saturday or Sunday, but I am hearing more emphasis on Saturday...That is really as closely we can talk about it without calling it per se...I feel really good everything is coming together. We know...the Dong has been traded up. We know it started pre-trading two days ago. The Dinar is trading up. It started pre-trading 3 1/2 days ago. ...we have been preparing for this for a long time...It is in the wings. It is on deck. It is almost ready to step up to the plate with us. I am excited about it.
3-15-2019 Newshound Guru Adam Montana That's nothing to concern us, of course. In fact, with the steady progress we're seeing in all other areas, the prospect of a currency value change at the start of Iraq's Q2 is a pretty reasonable thought. In other news... not much I can say right now! Parliament is in session and WORKING. We don't have an announcement, but all of the clues are saying *soon*. I'll be monitoring... [post 3 of 3]
3-15-2019 Newshound Guru Adam Montana One item that is of note, and may push us out just a little bit, is the budget/fiscal year. There is a LOT of accounting to be done with any kind of monetary change, and it would certainly make things cleaner to change the rate on a specific date that coincided with something logical like the start of a fiscal year or quarter, or perhaps the beginning of a new budget, or something like that. We are a couple weeks away from the end of Iraq's first fiscal quarter. Their fiscal (XYZ) can be a bit confusing because they don't get the new budget out until after the new fiscal year has already begun, and in the past they have stated that surplus in the budget applies to the following year. Oh, there's nothing like proper planning, where the first three months of the year you have no idea what's in your checking account or what bills are in the mailbox. [post 2 of 3....stay tuned]
3-15-2019 Newshound Guru Adam Montana Oil saw a nice upward spike yesterday. We're not quite to $60, but the trend is still positive. I expect it to pull back a tiny smidge, then continue the steady pace in this direction...I'm not saying "the day OIL hits $60, we will have an RV"! $60 was the direction I wanted to see, and we're basically there. As long as the current trend continues, we are in the (green) zone. Steady and controlled oil prices, + steady and stable GOI, + some HCL goodies...that's what we're looking for, and it keeps coming! [post 1 of 3....stay tuned]
3-15-2019 Newshound/Intel Guru Mnt Goat So far, no voting in parliament on the last 4 ministers. Saturdays promised voting was not completed and postponed yet again. However no new date was confirmed or announce right away. Article quote: "The candidate of the Minister of the Interior has not been agreed upon so far, but Fayadh officially withdrew his candidacy." So another article says that the PM is now able to put his own selection of candidates forward and vote on them. We are told they plan to try again in Thursday 3/21.
3-15-2019 Newshound/Intel Guru Mnt Goat ...On Wednesday I called my source in the CBI and had a chat. I am not hearing of any target date for this week or over the weekend to reinstate the dinar on FOREX...Again, I am telling everyone we are just now waiting for the last 4 ministers to be seated (especially the interior minister) as the Iraqis have been told many times they need a “fully” formed and functional government or they will not be allowed to reinstate the currency...Meanwhile I am told the CBI is ready and has been ready. They have had a lot of cleanup on the banking and currency fraud with the currency auctions. But at the point it will NOT stop the reinstatement once approved. They need desperately to move forward... [post 1 of 2....stay tuned]
3-15-2019 Intel Guru Bruce [via PinkRoses] We should be good for this weekend. I am still hearing that...the weekend being Saturday and Sunday. What I am hearing today has been very positive...I also know through good sources that THEY SHOULD allow us to set up appointments Saturday for our...exchanges. It could be Saturday or Sunday, but I am hearing more emphasis on Saturday...That is really as closely we can talk about it without calling it per se...I feel really good everything is coming together. We know...the Dong has been traded up. We know it started pre-trading two days ago. The Dinar is trading up. It started pre-trading 3 1/2 days ago. ...we have been preparing for this for a long time...It is in the wings. It is on deck. It is almost ready to step up to the plate with us. I am excited about it.
3-15-2019 Newshound Guru Adam Montana That's nothing to concern us, of course. In fact, with the steady progress we're seeing in all other areas, the prospect of a currency value change at the start of Iraq's Q2 is a pretty reasonable thought. In other news... not much I can say right now! Parliament is in session and WORKING. We don't have an announcement, but all of the clues are saying *soon*. I'll be monitoring... [post 3 of 3]
3-15-2019 Newshound Guru Adam Montana One item that is of note, and may push us out just a little bit, is the budget/fiscal year. There is a LOT of accounting to be done with any kind of monetary change, and it would certainly make things cleaner to change the rate on a specific date that coincided with something logical like the start of a fiscal year or quarter, or perhaps the beginning of a new budget, or something like that. We are a couple weeks away from the end of Iraq's first fiscal quarter. Their fiscal (XYZ) can be a bit confusing because they don't get the new budget out until after the new fiscal year has already begun, and in the past they have stated that surplus in the budget applies to the following year. Oh, there's nothing like proper planning, where the first three months of the year you have no idea what's in your checking account or what bills are in the mailbox. [post 2 of 3....stay tuned]
3-15-2019 Newshound Guru Adam Montana Oil saw a nice upward spike yesterday. We're not quite to $60, but the trend is still positive. I expect it to pull back a tiny smidge, then continue the steady pace in this direction...I'm not saying "the day OIL hits $60, we will have an RV"! $60 was the direction I wanted to see, and we're basically there. As long as the current trend continues, we are in the (green) zone. Steady and controlled oil prices, + steady and stable GOI, + some HCL goodies...that's what we're looking for, and it keeps coming! [post 1 of 3....stay tuned]
3-15-2019 Newshound/Intel Guru Mnt Goat So far, no voting in parliament on the last 4 ministers. Saturdays promised voting was not completed and postponed yet again. However no new date was confirmed or announce right away. Article quote: "The candidate of the Minister of the Interior has not been agreed upon so far, but Fayadh officially withdrew his candidacy." So another article says that the PM is now able to put his own selection of candidates forward and vote on them. We are told they plan to try again in Thursday 3/21.
3-14-2019 Intel Guru MarkZ ...I'm looking at the next 24 hrs to see where we are..BY Friday morning I should know...[ [Guru] Bruce sayin we paid by end of week.] He may be right. [Are you still 98% sure for the month?] I’d say I’m 99% sure. [what made you jump higher?] Can’t really share but someone got paid.
3-14-2019 Intel Guru Frank26 IMO ON THE 28TH OF DEC 2018 THEY LIFTED THE 3 ZERO'S ELECTRONICALLY ALLOWING WS'S [Guru Walkingstick's] FIRM MANY CONTRACTS AT 1 TO 1. ...SO IF I WAS IRAN...I TOO WOULD ACCEPT A PAYMENT FROM IRAQ...NOW.
3-14-2019 Intel Guru ADMINBILL I HAVE BEEN MONITORING [Guru] MARKZ'S INFORMATION. HE IS CREDITABLE...We are moving in the right direction. Stay the course. Be prepared to grab hold of the merry-go-round ring and claim your prize.
3-14-2019 Newshound Guru Kaperoni ...an article that said they would not float the dinar...could be interpreted in two ways. 1. being they won't float (which makes no sense because they then would not have the tool they need to counter inflation as investment/investors come to Iraq, or 2. they are not going to float at this time (which may be what they really meant at the time of the article). And may be true...but that was months ago before the dinar was stable and in compliance...
3-14-2019 Intel Guru MarkZ [Who are your contacts in dinar land?] I’ve been in this since the very beginning. I have contacts that are Contractors in Iraq, military people, retired military people... So many banking contacts, regional VP’s in banking, and contacts who actually help set up some of the redemption centers for a major bank for the dinar and dong…
3-14-2019 Newshound/Intel Guru Mnt Goat I can say that I have heard many rumors about the readiness for the launching of the new smaller category notes, however you would think that, if these rumors where true, we would see multiple articles on this topic in the general Iraqi news media prior to the event. We have NOT yet seen this. But also remember this does not mean this even may not be on the radar for the very near future either as we also know these smaller category notes may come in close proximity to the announcement of a reinstatement.
3-14-2019 Intel Guru Frank26 IMO ON THE 28TH OF DEC 2018 THEY LIFTED THE 3 ZERO'S ELECTRONICALLY ALLOWING WS'S [Guru Walkingstick's] FIRM MANY CONTRACTS AT 1 TO 1. ...SO IF I WAS IRAN...I TOO WOULD ACCEPT A PAYMENT FROM IRAQ...NOW.
3-14-2019 Intel Guru ADMINBILL I HAVE BEEN MONITORING [Guru] MARKZ'S INFORMATION. HE IS CREDITABLE...We are moving in the right direction. Stay the course. Be prepared to grab hold of the merry-go-round ring and claim your prize.
3-14-2019 Newshound Guru Kaperoni ...an article that said they would not float the dinar...could be interpreted in two ways. 1. being they won't float (which makes no sense because they then would not have the tool they need to counter inflation as investment/investors come to Iraq, or 2. they are not going to float at this time (which may be what they really meant at the time of the article). And may be true...but that was months ago before the dinar was stable and in compliance...
3-14-2019 Intel Guru MarkZ [Who are your contacts in dinar land?] I’ve been in this since the very beginning. I have contacts that are Contractors in Iraq, military people, retired military people... So many banking contacts, regional VP’s in banking, and contacts who actually help set up some of the redemption centers for a major bank for the dinar and dong…
3-14-2019 Newshound/Intel Guru Mnt Goat I can say that I have heard many rumors about the readiness for the launching of the new smaller category notes, however you would think that, if these rumors where true, we would see multiple articles on this topic in the general Iraqi news media prior to the event. We have NOT yet seen this. But also remember this does not mean this even may not be on the radar for the very near future either as we also know these smaller category notes may come in close proximity to the announcement of a reinstatement.
3-13-2019 Intel Guru MarkZ [With Iraq Parliament saying the Prime Minister can choose the remaining cabinet members within 3 weeks, does this mean the RV can’t go until then?] they can absolutely move forward with the RV before they finish their government. ...It is not an “if” but a “when” for this to happen. This is such a complex thing they are doing but I believe we are in the “end days” of seeing this reset happen.
3-13-2019 Newshound Guru EHankins Education for and to the citizens on the Nasdaq billboard... this must not fail. This is a perfect opportunity for them to learn...they are imo. WE KNOW THIS... have known this for a long long time. Thanks Frank [Guru Frank26] for the heads up and the proof of what's coming... in my opinion. CBI bring it... we are way past the RI... you can pull the trigger any time now.
3-13-2019 Newshound Guru larrykn [...do you guys know when they will finish the remaining 4 cabinets?] ...parliament meets tomorrow , we shall see what happens then.
3-13-2019 Intel Guru ADMINBILL ...Although I can't pin down an exact day and time with rates... I do believe that our wait is nearing an end...
3-13-2019 Intel Guru Bruce ...Everything is looking like we are set on Go from this point on. Could this be our week? A lot of people think so...I believe we should have the result we are all looking for before the end of the week...I am excited...as much as I have ever been because I see movement. I see progress. I see things happening. ...I really think we are going to have a really good week and weekend. [post 3 of 3]
3-13-2019 Intel Guru Bruce ...We think we are done with Iraq. We know that the Iraqi dinar was supposed to be pre-trading...Sunday...We think it is continually trading, but possibly not officially on the screens. We know they had a pre-traded start rate in the $6.73 range. It was to go up from there as it was traded...The Dong was going to start pre-trading at one hour before the markets opened on Monday morning...What is interesting to me is the Vietnamese Dong is supposed to be as a result of China wanting it to be comparable to the Iraqi Dinar...How do we define comparable? We believe it means within 5% of the Dinar. That is a tremendous value not only for the Dinar as it continues to climb in value, but the Dong to be comparable to the Dinar is way more than we all thought it could be years ago. [post 2 of 3....stay tuned]
3-13-2019 Intel Guru Bruce [via PinkRoses] What we are hearing is regarding Iraq, you know they passed the HCL law, Oil and Gas Law. ...What that did was not only a certain amount of the profits or proceeds from oil and gas exploration in Iraq to go to Kurdistan and also to Bagdad, and so on to pay for the government, but the citizenry of Iraq and Kurdistan are also to be paid a percentage of the Oil and Gas revenue. That is part of the deal. The good news is as you know they have Qi...cards which they are paid on...the Qi card that I am referring to will hold revenue from oil and gas from Iraq, and that will be available to use at the new rate for the Iraqi Dinar Thursday morning... [post 1 of 3....stay tuned]
3-13-2019 Newshound Guru larrykn Article quote: "Breaking The IMIS candidate for the interior ministry in Adil Abdel al-Mahdi’s cabinet, Falih al-Fayyadh has officially withdrawn his candidacy bid..." this might open the door to complete the cabinet.
3-13-2019 Intel Guru MarkZ I did not see the movement we wanted to see from Sunday into Monday…Still very excited this week. We will be watching every single day. The Progress is slow and steady and we want it to be fast, quick and efficient.. there is a whole bunch to watch for this week…My contacts in Chicago are still excited that we are seeing progress….they are energized and rejuvenated this week and feeling very positive….I am still looking at “any day”... [...feeling even BETTER about the RV being even CLOSER...?] I feel very positive…very positive…I am still looking for it this week. [What percent would you give MARCH being our month?] Im about a 98% on March…I feel really good about. I still hear the 29th is our back-wall date.
3-13-2019 Newshound Guru EHankins Education for and to the citizens on the Nasdaq billboard... this must not fail. This is a perfect opportunity for them to learn...they are imo. WE KNOW THIS... have known this for a long long time. Thanks Frank [Guru Frank26] for the heads up and the proof of what's coming... in my opinion. CBI bring it... we are way past the RI... you can pull the trigger any time now.
3-13-2019 Newshound Guru larrykn [...do you guys know when they will finish the remaining 4 cabinets?] ...parliament meets tomorrow , we shall see what happens then.
3-13-2019 Intel Guru ADMINBILL ...Although I can't pin down an exact day and time with rates... I do believe that our wait is nearing an end...
3-13-2019 Intel Guru Bruce ...Everything is looking like we are set on Go from this point on. Could this be our week? A lot of people think so...I believe we should have the result we are all looking for before the end of the week...I am excited...as much as I have ever been because I see movement. I see progress. I see things happening. ...I really think we are going to have a really good week and weekend. [post 3 of 3]
3-13-2019 Intel Guru Bruce ...We think we are done with Iraq. We know that the Iraqi dinar was supposed to be pre-trading...Sunday...We think it is continually trading, but possibly not officially on the screens. We know they had a pre-traded start rate in the $6.73 range. It was to go up from there as it was traded...The Dong was going to start pre-trading at one hour before the markets opened on Monday morning...What is interesting to me is the Vietnamese Dong is supposed to be as a result of China wanting it to be comparable to the Iraqi Dinar...How do we define comparable? We believe it means within 5% of the Dinar. That is a tremendous value not only for the Dinar as it continues to climb in value, but the Dong to be comparable to the Dinar is way more than we all thought it could be years ago. [post 2 of 3....stay tuned]
3-13-2019 Intel Guru Bruce [via PinkRoses] What we are hearing is regarding Iraq, you know they passed the HCL law, Oil and Gas Law. ...What that did was not only a certain amount of the profits or proceeds from oil and gas exploration in Iraq to go to Kurdistan and also to Bagdad, and so on to pay for the government, but the citizenry of Iraq and Kurdistan are also to be paid a percentage of the Oil and Gas revenue. That is part of the deal. The good news is as you know they have Qi...cards which they are paid on...the Qi card that I am referring to will hold revenue from oil and gas from Iraq, and that will be available to use at the new rate for the Iraqi Dinar Thursday morning... [post 1 of 3....stay tuned]
3-13-2019 Newshound Guru larrykn Article quote: "Breaking The IMIS candidate for the interior ministry in Adil Abdel al-Mahdi’s cabinet, Falih al-Fayyadh has officially withdrawn his candidacy bid..." this might open the door to complete the cabinet.
3-13-2019 Intel Guru MarkZ I did not see the movement we wanted to see from Sunday into Monday…Still very excited this week. We will be watching every single day. The Progress is slow and steady and we want it to be fast, quick and efficient.. there is a whole bunch to watch for this week…My contacts in Chicago are still excited that we are seeing progress….they are energized and rejuvenated this week and feeling very positive….I am still looking at “any day”... [...feeling even BETTER about the RV being even CLOSER...?] I feel very positive…very positive…I am still looking for it this week. [What percent would you give MARCH being our month?] Im about a 98% on March…I feel really good about. I still hear the 29th is our back-wall date.
3-12-2019 Intel Guru Bluwolf The voice in charge of awarding the banks the GO permission to open up there envelopes which contains the 800# they are all in agreement that we are finally heading to the desire end to this wonderful and blessed ride, so please be tolerant and let this flow for it all shall be over very soon. The PLAN has had a lot of obstacles by the money rich and the corrupted government individuals but according to those in charge that has been delt with. The system for this exchange has been tested and APPROVED 100% secure and safe with no flaws whatsoever. [post 2 of 2]
3-12-2019 Intel Guru Bluwolf ...On the concept of where we are in this current time frame. I can say that we are about to receive a GO message in a short while ( minutes, hours,days ) for there is nothing out there obstructing or delaying this or anything. The rates will be satisfying to all involved and things pertaining to the exchange will be as it was accorded with both banks elected or chosen for this important RV event. All things expected of Iraq has been 100% covered, written off in there Gazette and accepted by all governments involved... [post 1 of 2....stay tuned]
3-12-2019 Intel Guru RayRen98 Parliament met on Monday and instead of concluding the 4 cabinet positions as allegedly planned, PM Madhi was supposedly given the authority to fulfill the remaining cabinet members within 3 weeks...Iraqi TV is broadcasting CBI's Alaq informing the joining of the IFC's (International Finance Corporation) international sustainability network. ...America's (used to be) second largest fast food chain, Hardee's Restaurant (a.k.a. Carl Jr's on the West Coast) has established a presence in a mall in Baghdad.
3-12-2019 Intel Guru MarkZ [do we need to bring currency receipts to our exchange apts? Receipt invoice to prove date of purchase.] I am taking every receipt I have. Its better to take it and not need it then to get to the exchange and need it and don’t have it.
3-12-2019 Intel Guru Delta Article: "Iran's economy receives the first installment of debt on Iraq" ...VERY HUGE...I WAS WAITING FOR THIS ONE... THEY GOT PAID...ALSO TRANSLATION IS MISSING A PART IT SHOULD SAY THE FOLLOWING..."This came during a meeting with HIS Iraqi counterpart Ali Al-Alaq" IRAN CENTRAL BANK GOV ALSO WAS IN IRAQ AGAIN AND DID MEET ALAQQ...
3-12-2019 Newshound Guru Kaperoni There are two ways to interpret what the CBI is talking about when they mention "deletion of zeros. It may be honest and part of the plan (when they interpretation of what they really mean applies) or it may simply be the CBI trying to diffuse speculation and speculators from buying the dinar. There is no way to know for sure until they open the economy and we find out. I have read articles that imply deleting 3 zeros is a LOP and others that imply that they will raise the value gradually down to the day the dinar is worth the same as the dollar...which implies a float and exchange rate improvement. Personally, I believe from my research the dinar will improve in value via float and that seems to coincide with Dr. Bakri in Iraq who has written me several times to discuss monetary policy... [post 3 of 3]
3-12-2019 Newshound Guru Kaperoni As for how fast the dinar could rise...just look back at 2004-2005 when the CBI under Dr. Shabibi unpegged for about 6 months and reduced inflation from about 33% to 5% or less raising the dinar exchange rate from near 3000 / $1 to 1170 /$1. This demonstrates the pace the dinar once again could have during the investment/market economy phase. But again, this process is up to how fast investors/investment comes to Iraq. It is not a random act. Again, many articles on this process to read from the IMF and other organization. ...Remember this is not some idea I came up with. The professionals at the IMF that work directly with Iraq have documented that is their intention for the CBI and the dinar. [post 2 of 3....stay tuned]
3-12-2019 Newshound Guru Kaperoni Many think the dinar could never free float and must be some sort of manage float. They may be right! I ...do not really care what type of float it is other than that is how monetary policy works, floats are a tool that the CBI uses to counter pressure. Random acts like RV's RI's etc are not tools the CBI uses so we can rule such an event out. As well there are other reasons like money supply, economic shock that prevent such an event from ever happening. If they do float (which they will) the float will begin at whatever the current rate is at..such as 1190. The reason is simple...any other value would be a RV of sorts and not be within the tools the CBI uses. Not to mention, it would circumvent the CBI's ability to profit from the buy/sell of currency commissions. Which after all, is what the CBI is in the business of...making money. Central banks every single day control the sale of their currency to make money. [post 1 of 3....stay tuned]
3-12-2019 Intel Guru Bluwolf ...On the concept of where we are in this current time frame. I can say that we are about to receive a GO message in a short while ( minutes, hours,days ) for there is nothing out there obstructing or delaying this or anything. The rates will be satisfying to all involved and things pertaining to the exchange will be as it was accorded with both banks elected or chosen for this important RV event. All things expected of Iraq has been 100% covered, written off in there Gazette and accepted by all governments involved... [post 1 of 2....stay tuned]
3-12-2019 Intel Guru RayRen98 Parliament met on Monday and instead of concluding the 4 cabinet positions as allegedly planned, PM Madhi was supposedly given the authority to fulfill the remaining cabinet members within 3 weeks...Iraqi TV is broadcasting CBI's Alaq informing the joining of the IFC's (International Finance Corporation) international sustainability network. ...America's (used to be) second largest fast food chain, Hardee's Restaurant (a.k.a. Carl Jr's on the West Coast) has established a presence in a mall in Baghdad.
3-12-2019 Intel Guru MarkZ [do we need to bring currency receipts to our exchange apts? Receipt invoice to prove date of purchase.] I am taking every receipt I have. Its better to take it and not need it then to get to the exchange and need it and don’t have it.
3-12-2019 Intel Guru Delta Article: "Iran's economy receives the first installment of debt on Iraq" ...VERY HUGE...I WAS WAITING FOR THIS ONE... THEY GOT PAID...ALSO TRANSLATION IS MISSING A PART IT SHOULD SAY THE FOLLOWING..."This came during a meeting with HIS Iraqi counterpart Ali Al-Alaq" IRAN CENTRAL BANK GOV ALSO WAS IN IRAQ AGAIN AND DID MEET ALAQQ...
3-12-2019 Newshound Guru Kaperoni There are two ways to interpret what the CBI is talking about when they mention "deletion of zeros. It may be honest and part of the plan (when they interpretation of what they really mean applies) or it may simply be the CBI trying to diffuse speculation and speculators from buying the dinar. There is no way to know for sure until they open the economy and we find out. I have read articles that imply deleting 3 zeros is a LOP and others that imply that they will raise the value gradually down to the day the dinar is worth the same as the dollar...which implies a float and exchange rate improvement. Personally, I believe from my research the dinar will improve in value via float and that seems to coincide with Dr. Bakri in Iraq who has written me several times to discuss monetary policy... [post 3 of 3]
3-12-2019 Newshound Guru Kaperoni As for how fast the dinar could rise...just look back at 2004-2005 when the CBI under Dr. Shabibi unpegged for about 6 months and reduced inflation from about 33% to 5% or less raising the dinar exchange rate from near 3000 / $1 to 1170 /$1. This demonstrates the pace the dinar once again could have during the investment/market economy phase. But again, this process is up to how fast investors/investment comes to Iraq. It is not a random act. Again, many articles on this process to read from the IMF and other organization. ...Remember this is not some idea I came up with. The professionals at the IMF that work directly with Iraq have documented that is their intention for the CBI and the dinar. [post 2 of 3....stay tuned]
3-12-2019 Newshound Guru Kaperoni Many think the dinar could never free float and must be some sort of manage float. They may be right! I ...do not really care what type of float it is other than that is how monetary policy works, floats are a tool that the CBI uses to counter pressure. Random acts like RV's RI's etc are not tools the CBI uses so we can rule such an event out. As well there are other reasons like money supply, economic shock that prevent such an event from ever happening. If they do float (which they will) the float will begin at whatever the current rate is at..such as 1190. The reason is simple...any other value would be a RV of sorts and not be within the tools the CBI uses. Not to mention, it would circumvent the CBI's ability to profit from the buy/sell of currency commissions. Which after all, is what the CBI is in the business of...making money. Central banks every single day control the sale of their currency to make money. [post 1 of 3....stay tuned]
3-11-2019 Newshound Guru larrykn I think that fact that they are opening the ATM, is good, I think they can reduce the note count when they pay salaries thru the ATM and use the visa cards.
3-11-2019 Intel Guru MarkZ [What are you hearing on the rates?] Rates on key currencies is what I have heard…no idea if they are correct….I hope they are…..i am hearing on the dong rates between $2-$2.20’s. I have heard a street rate in the mid $4’s for the dinar but I have seen it float on other screens up to $7. So my guess is between $4.50 and $7…but that’s just a guess.
3-11-2019 Newshound/Intel Guru Mnt Goat So the parliamentary session was held on Saturday. The big question is - Did they vote on the remaining 4 ministers? NO voting was conducted as promised would happen. Go figure…This is very important because we know that there has always been a long-standing mandate to have a fully completed government prior to any reinstatement of the currency for Iraq. We know that much has been accomplished in the form of banking and currency reforms. It is believed that now any holdup in the reinstatement is purely political and so we wait.
3-11-2019 Intel Guru Footforward I believe...once attacks in Iran happen...in the country of Iran...when that happens I believe we will be within days of the RV happening...the revaluation of the Iraqi dinar. I expect the dinar to revalue and the dong to potentially revalue...I think the dinar is by far going to be the big winner.
3-11-2019 Newshound Guru larrykn Article: "The Cabinet issued a directive for international institutions and funding on borrowing" this sounds like they are trying to get a handle of corruption, no loans without their approval...if they don't...we don't see what we want. ...corruption, stability and banking are three things they need to get done...they are working on all three but it does take time, plus laws they need to pass...not until lately have they real done any of these things...for years its been all talk no actions.
3-11-2019 Intel Guru RayRen98 Late today [Sunday], a Parliament spokesperson informed that an agreement was reached between the blocks to meet on Monday and vote for the last 4 cabinet positions to be confirmed without dispute.
3-11-2019 Intel Guru MarkZ [I have friends in this saying they think it's really never ever gonna happen and that we've all been taken. I know there are no guarantees but do you know for sure that we are gonna really RV?] I have seen so much of the legal paperwork behind the scenes and knowing many of the people that are actually making it happen... I know for sure this is real and is happening...I know how much it sucks for all of you who have been hanging on by faith...but for me its never been a question of if...but a question of when.
3-11-2019 Intel Guru MarkZ [What are you hearing on the rates?] Rates on key currencies is what I have heard…no idea if they are correct….I hope they are…..i am hearing on the dong rates between $2-$2.20’s. I have heard a street rate in the mid $4’s for the dinar but I have seen it float on other screens up to $7. So my guess is between $4.50 and $7…but that’s just a guess.
3-11-2019 Newshound/Intel Guru Mnt Goat So the parliamentary session was held on Saturday. The big question is - Did they vote on the remaining 4 ministers? NO voting was conducted as promised would happen. Go figure…This is very important because we know that there has always been a long-standing mandate to have a fully completed government prior to any reinstatement of the currency for Iraq. We know that much has been accomplished in the form of banking and currency reforms. It is believed that now any holdup in the reinstatement is purely political and so we wait.
3-11-2019 Intel Guru Footforward I believe...once attacks in Iran happen...in the country of Iran...when that happens I believe we will be within days of the RV happening...the revaluation of the Iraqi dinar. I expect the dinar to revalue and the dong to potentially revalue...I think the dinar is by far going to be the big winner.
3-11-2019 Newshound Guru larrykn Article: "The Cabinet issued a directive for international institutions and funding on borrowing" this sounds like they are trying to get a handle of corruption, no loans without their approval...if they don't...we don't see what we want. ...corruption, stability and banking are three things they need to get done...they are working on all three but it does take time, plus laws they need to pass...not until lately have they real done any of these things...for years its been all talk no actions.
3-11-2019 Intel Guru RayRen98 Late today [Sunday], a Parliament spokesperson informed that an agreement was reached between the blocks to meet on Monday and vote for the last 4 cabinet positions to be confirmed without dispute.
3-11-2019 Intel Guru MarkZ [I have friends in this saying they think it's really never ever gonna happen and that we've all been taken. I know there are no guarantees but do you know for sure that we are gonna really RV?] I have seen so much of the legal paperwork behind the scenes and knowing many of the people that are actually making it happen... I know for sure this is real and is happening...I know how much it sucks for all of you who have been hanging on by faith...but for me its never been a question of if...but a question of when.
3-10-2019 Newshound Guru larrykn there were articles back in 2013 that Iraq was testing rates around $1.13 to 1. 20. why would they do that if they were going to start at 1190.
3-10-2019 Intel Guru MarkZ I do believe that exchanging into a trust or LLC will make a non-taxable event into a taxable event. That is why I will not be doing it. [how sure are you there will be no taxes on the exchanges?] Im about at a 95% sure there will be no taxes on this. [Per Paris Agreement 2015, Countries agreed on 'NO taxes for Currency Exchanges'] I have heard this also…. [will we have some paperwork after exchange about taxes?] Yes…I have heard we will get lots of paperwork when we exchange...bankers want this to happen very badly. [STRONG REMINDER: At the appropriate time seek the advice of a trusted professional tax law expert]
3-10-2019 Newshound Guru MilitiaMan ...Then...the Launch of the electronic signature next week. Well that is for speed and security in the movement of capital. Safe, secure and fast. So what we are seeing is the advance stage of implementation of the MR (monetary reform) and ER (economic reforms) for iraq. Linking with NASDAQ, takes an internationally accepted currency. They won't go live on an international level playing field with a non compliant program rate. They'll need to expose the 2019 budget and apply the adjustment to redeem the new calculations for to be traded on Forex and for the ISX to Trade on the NASDAQ platform along side regional players, like in Dubai, etc..imo. [post 2 of 2]
3-10-2019 Newshound Guru MilitiaMan Articles: "NASDAQ in New York City to raise the name and logo of the Iraqi market for securities"; "Communications: Launch of electronic signature next week" The above data is effectively telling us a few things. Firstly they appear that they are to begin trading with in the parameters of the NASDAQ, and is noted to be an historic event told to the world at the closing bell of the markets in the USA. ...They speak of electronic systems, networks and the speed of capital movement. Well to get those things, economic activities have to have modernized systems in place. They clearly have them and the ability to interconnect with them globally. [post 1 of 2....stay tuned]
3-10-2019 Newshound/Intel Guru Mnt Goat I...heard some ridiculous chatter about a LOP...If there was going to be LOP they would have already done it and not be sending out countless articles on the project to delete the zeros and valuation strategies. ...a LOP is not possible. Not in my terms but from FACTS from the CBI itself.
3-10-2019 Intel Guru MarkZ I do believe that exchanging into a trust or LLC will make a non-taxable event into a taxable event. That is why I will not be doing it. [how sure are you there will be no taxes on the exchanges?] Im about at a 95% sure there will be no taxes on this. [Per Paris Agreement 2015, Countries agreed on 'NO taxes for Currency Exchanges'] I have heard this also…. [will we have some paperwork after exchange about taxes?] Yes…I have heard we will get lots of paperwork when we exchange...bankers want this to happen very badly. [STRONG REMINDER: At the appropriate time seek the advice of a trusted professional tax law expert]
3-10-2019 Newshound Guru MilitiaMan ...Then...the Launch of the electronic signature next week. Well that is for speed and security in the movement of capital. Safe, secure and fast. So what we are seeing is the advance stage of implementation of the MR (monetary reform) and ER (economic reforms) for iraq. Linking with NASDAQ, takes an internationally accepted currency. They won't go live on an international level playing field with a non compliant program rate. They'll need to expose the 2019 budget and apply the adjustment to redeem the new calculations for to be traded on Forex and for the ISX to Trade on the NASDAQ platform along side regional players, like in Dubai, etc..imo. [post 2 of 2]
3-10-2019 Newshound Guru MilitiaMan Articles: "NASDAQ in New York City to raise the name and logo of the Iraqi market for securities"; "Communications: Launch of electronic signature next week" The above data is effectively telling us a few things. Firstly they appear that they are to begin trading with in the parameters of the NASDAQ, and is noted to be an historic event told to the world at the closing bell of the markets in the USA. ...They speak of electronic systems, networks and the speed of capital movement. Well to get those things, economic activities have to have modernized systems in place. They clearly have them and the ability to interconnect with them globally. [post 1 of 2....stay tuned]
3-10-2019 Newshound/Intel Guru Mnt Goat I...heard some ridiculous chatter about a LOP...If there was going to be LOP they would have already done it and not be sending out countless articles on the project to delete the zeros and valuation strategies. ...a LOP is not possible. Not in my terms but from FACTS from the CBI itself.
3-9-2019 Intel Guru MarkZ [Has anybody seen a pic of the lower denominations on this side of the pond?] I have...its exciting to see they are real... [Is the new rate posted in the Iraq gazette yet.] I was told by a person sitting on the ground with a contact in the government over there that they are expecting new rate on Saturday in Gazette … I sure hope so…if true..this means we are done
3-9-2019 Newshound Guru Bloodloch I often hear that "this event" or "that new law" will trigger a change in the exchange rate of the IQD, but there are actually quite a few factors that can influence exchange rates. Bear in mind, exchange rates on the Forex, and purchasing power of a currency within a country, are two different things, although one can influence the other in dramatic ways.
3-9-2019 Newshound/Intel Guru Mnt Goat There was a recent news article stating that 80% of all Iraqis still do not have electronic banking and bank accounts. ...this simply is NOT the case. If this was the case the CBI could not have already satisfied its goal of reducing the on street three zero note supply by more than 2/3 down to just over 41 trillion dinars. How many times have they told us the original count of dinars printed and issued in 2003 and now in 2019? So we confirmed many times that this statement of 80% is a lie and impractical. My recommendation to everyone is to relax and wait for the reinstatement in the coming period. No one will know the exact time or date but we do know many things effecting these two parameters and so we can almost figure it out. We are now in the window and I do not see the window closing. [post 2 of 2]
3-9-2019 Newshound/Intel Guru Mnt Goat The news today is all about the upcoming expectations to vote on the remaining last four ministers. We have to remember that a long-standing condition to reinstate the currency of Iraq is to have a “fully” formed government. This does not negate the other work on reforms too but I feel this is the last remaining item to conclude satisfaction to move ahead again with the project to delete the zeros. I have had word that the smaller category notes are already at the banks. ...so as the banks bring in the larger 3 zero notes they exchange them for the smaller notes. Since this is done way before any rate change, there are lots of smaller category notes obtained as needed to fulfill the needs of the marketplace afterwards. [post 1 of 2....stay tuned]
3-9-2019 Intel Guru MarkZ [Frank26..had stated a while ago that the 3 zero's had already been deleted electronically?] ...i just take it as further proof things are moving over there…IF they are expecting new rates in the gazette on Sat which IMO would mean we r done! [We are not getting out of March without RV!] that is my belief...I do believe the RV is sooner than the 29th …We are in a perfect storm. [Any thoughts on rates?] I think we may see close to $6 on the dinar and $2 on the dong. Just my thoughts. [post 2 of 2]
3-9-2019 Intel Guru MarkZ ...Treasury contacts told me to tell you to keep your currency in your sight at all times…do your due diligence on everything…..keep your eyes on currency even at the bank when they are verifying it. There are lots of rumors from banking side expecting it to start overnight tonight [Friday] and 800 numbers tomorrow or over the weekend. But, my banking contacts have been expecting it everyday for awhile now. ...I feel doggone good about the month of March and really good about this weekend… [post 1 of 2....stay tuned]
3-9-2019 Intel Guru RayRen98 [We did get the rates...two different major banks showing those same rates.] Dinar, $4.43 - $6.72; Dong, .47 - $2.27...
3-9-2019 Newshound Guru Bloodloch I often hear that "this event" or "that new law" will trigger a change in the exchange rate of the IQD, but there are actually quite a few factors that can influence exchange rates. Bear in mind, exchange rates on the Forex, and purchasing power of a currency within a country, are two different things, although one can influence the other in dramatic ways.
3-9-2019 Newshound/Intel Guru Mnt Goat There was a recent news article stating that 80% of all Iraqis still do not have electronic banking and bank accounts. ...this simply is NOT the case. If this was the case the CBI could not have already satisfied its goal of reducing the on street three zero note supply by more than 2/3 down to just over 41 trillion dinars. How many times have they told us the original count of dinars printed and issued in 2003 and now in 2019? So we confirmed many times that this statement of 80% is a lie and impractical. My recommendation to everyone is to relax and wait for the reinstatement in the coming period. No one will know the exact time or date but we do know many things effecting these two parameters and so we can almost figure it out. We are now in the window and I do not see the window closing. [post 2 of 2]
3-9-2019 Newshound/Intel Guru Mnt Goat The news today is all about the upcoming expectations to vote on the remaining last four ministers. We have to remember that a long-standing condition to reinstate the currency of Iraq is to have a “fully” formed government. This does not negate the other work on reforms too but I feel this is the last remaining item to conclude satisfaction to move ahead again with the project to delete the zeros. I have had word that the smaller category notes are already at the banks. ...so as the banks bring in the larger 3 zero notes they exchange them for the smaller notes. Since this is done way before any rate change, there are lots of smaller category notes obtained as needed to fulfill the needs of the marketplace afterwards. [post 1 of 2....stay tuned]
3-9-2019 Intel Guru MarkZ [Frank26..had stated a while ago that the 3 zero's had already been deleted electronically?] ...i just take it as further proof things are moving over there…IF they are expecting new rates in the gazette on Sat which IMO would mean we r done! [We are not getting out of March without RV!] that is my belief...I do believe the RV is sooner than the 29th …We are in a perfect storm. [Any thoughts on rates?] I think we may see close to $6 on the dinar and $2 on the dong. Just my thoughts. [post 2 of 2]
3-9-2019 Intel Guru MarkZ ...Treasury contacts told me to tell you to keep your currency in your sight at all times…do your due diligence on everything…..keep your eyes on currency even at the bank when they are verifying it. There are lots of rumors from banking side expecting it to start overnight tonight [Friday] and 800 numbers tomorrow or over the weekend. But, my banking contacts have been expecting it everyday for awhile now. ...I feel doggone good about the month of March and really good about this weekend… [post 1 of 2....stay tuned]
3-9-2019 Intel Guru RayRen98 [We did get the rates...two different major banks showing those same rates.] Dinar, $4.43 - $6.72; Dong, .47 - $2.27...
3-8-2019 Newshound Guru Adam Montana This is a topic we've been on top of since 2017, before the talk of OPEC agreeing to slowing oil production. The headlines would be more accurate if they said "Planned reduction in oil production to stabilize prices" But that doesn't get as many clicks, it's just not as sensational...even though it's the truth. And we've been expecting it, because we have been watching this sector through a fairly specialized set of glasses. Interpretation: All is going according to plan. And if all is going according to plan, then it's just a matter of time. ... we're not going to have an RV in the next couple days. Unless I'm wrong. I'm always open to that possibility! [post 2 of 2]
3-8-2019 Newshound Guru Adam Montana This has been an interesting week in the markets, but not so much for Dinar when it comes to actual news. There's a good reason for this. Oil has been pretty flat, just like the news on HCL. Step back and take a "big picture" view of the situation, and it's easy to understand that this is to be expected. I find it amusing to read the headlines that state "Oil production falls to (X time frame) lows..." Hang on a second, oil "falls"?! That's the headline? I don't think that's accurate. It's not "falling" - it's being controlled, exactly as they planned. [post 1 of 2....stay tuned]
3-8-2019 Intel Guru Bruce We are about the end of our 48-hour window I talked about on Tuesday that would theoretically expire by now, but these things keep moving and we have to be ready to receive that if this thing is moving and not always moving forward in our favor...Is there a way for us to get started before the weekend which would be tomorrow [Friday]? Possibly. ...All I can tell you is we are hearing some very good things that are happening tonight [Thursday]late and possibly overnight. Iraq is one of them. Let’s see how it goes for us. We know we are underway. [post 3 of 3]
3-8-2019 Intel Guru Bruce What is interesting to me...we know what the dinar was when it came off the screen and where it may come back to when it comes back on the screens, but most interesting to me is China has wanted the Vietnam Dong to be comparable to the Iraqi Dinar. That could be within 5% of the Dinar value...it does not say on par with which would mean exactly the same value, but comparable could be close to the value of the Iraqi Dinar. That takes the Dong way up above what we all thought that the Dong could be worth. Makes it quite interesting for us because we are looking at the Dinar that may come out at the $7 - $8 range when it comes out initially... [post 2 of 3....stay tuned]
3-8-2019 Intel Guru Bruce ...Just when you thought it was safe to forget about Iraq, they are back...in the news. ...They have not had their rate on the screens...It hasn’t been on for at least 4 to 5 days? ...Should be back up somewhere around 11 o’clock or so tonight [Thursday]... ...Tomorrow [Friday]...they are supposed to release their ATM machines. They are supposed to pay on their new Qi, debit cards... When will they put their rate out? Will they put their rate out at that time? I do not know, but their cards will be working and their cards will have the rate on them. In a sense yes, but I think they will make it known probably make in the Gazette on Saturday. That is their regular publishing day. [post 1 of 3....stay tuned]
3-8-2019 Newshound/Intel Guru Mnt Goat They are not raising the rate (NO REVALUATION). ...They are going to reinstate the dinar and must fist complete the project to delete the zeros. A result of this process will be an increased new rate on the currency exchanges. Once reinstated the market will drive the rate up on the float. So our concentration is not so much on a rate increase but on a reinstatement process, the rate on FOREX will be the end result... [post 2 of 2]
3-8-2019 Newshound/Intel Guru Mnt Goat [GOI has nothing to do with raising the rate...it is a total CBI decision.] Oh yes they do...I presented about 6 articles already from the Iraqi news media from members of the parliament, cabinet and economists in Iraq. All say it is a joint decision to go ahead with the project to delete the zeros. It just happens right now they are moving ahead rapidly on it. ...Dr Sianni Shabibi...said and I quote- "there must be a joint effort to make the decision and the CBI and GOI must work together" - but out of curtesy and not by legal commitment. This means the GOI may influence the decisions and has to pass laws to help the CBI with monetary policy. But the CBI make the final call, The CBI does not run the govt the GOI does. The CBI needs these banking reforms, anti-money laundering and anti-terrorist laws, etc...So in this regard Shabibi knew darn well they must work together... [post 1 of 2....stay tuned]
3-8-2019 Newshound Guru Adam Montana This has been an interesting week in the markets, but not so much for Dinar when it comes to actual news. There's a good reason for this. Oil has been pretty flat, just like the news on HCL. Step back and take a "big picture" view of the situation, and it's easy to understand that this is to be expected. I find it amusing to read the headlines that state "Oil production falls to (X time frame) lows..." Hang on a second, oil "falls"?! That's the headline? I don't think that's accurate. It's not "falling" - it's being controlled, exactly as they planned. [post 1 of 2....stay tuned]
3-8-2019 Intel Guru Bruce We are about the end of our 48-hour window I talked about on Tuesday that would theoretically expire by now, but these things keep moving and we have to be ready to receive that if this thing is moving and not always moving forward in our favor...Is there a way for us to get started before the weekend which would be tomorrow [Friday]? Possibly. ...All I can tell you is we are hearing some very good things that are happening tonight [Thursday]late and possibly overnight. Iraq is one of them. Let’s see how it goes for us. We know we are underway. [post 3 of 3]
3-8-2019 Intel Guru Bruce What is interesting to me...we know what the dinar was when it came off the screen and where it may come back to when it comes back on the screens, but most interesting to me is China has wanted the Vietnam Dong to be comparable to the Iraqi Dinar. That could be within 5% of the Dinar value...it does not say on par with which would mean exactly the same value, but comparable could be close to the value of the Iraqi Dinar. That takes the Dong way up above what we all thought that the Dong could be worth. Makes it quite interesting for us because we are looking at the Dinar that may come out at the $7 - $8 range when it comes out initially... [post 2 of 3....stay tuned]
3-8-2019 Intel Guru Bruce ...Just when you thought it was safe to forget about Iraq, they are back...in the news. ...They have not had their rate on the screens...It hasn’t been on for at least 4 to 5 days? ...Should be back up somewhere around 11 o’clock or so tonight [Thursday]... ...Tomorrow [Friday]...they are supposed to release their ATM machines. They are supposed to pay on their new Qi, debit cards... When will they put their rate out? Will they put their rate out at that time? I do not know, but their cards will be working and their cards will have the rate on them. In a sense yes, but I think they will make it known probably make in the Gazette on Saturday. That is their regular publishing day. [post 1 of 3....stay tuned]
3-8-2019 Newshound/Intel Guru Mnt Goat They are not raising the rate (NO REVALUATION). ...They are going to reinstate the dinar and must fist complete the project to delete the zeros. A result of this process will be an increased new rate on the currency exchanges. Once reinstated the market will drive the rate up on the float. So our concentration is not so much on a rate increase but on a reinstatement process, the rate on FOREX will be the end result... [post 2 of 2]
3-8-2019 Newshound/Intel Guru Mnt Goat [GOI has nothing to do with raising the rate...it is a total CBI decision.] Oh yes they do...I presented about 6 articles already from the Iraqi news media from members of the parliament, cabinet and economists in Iraq. All say it is a joint decision to go ahead with the project to delete the zeros. It just happens right now they are moving ahead rapidly on it. ...Dr Sianni Shabibi...said and I quote- "there must be a joint effort to make the decision and the CBI and GOI must work together" - but out of curtesy and not by legal commitment. This means the GOI may influence the decisions and has to pass laws to help the CBI with monetary policy. But the CBI make the final call, The CBI does not run the govt the GOI does. The CBI needs these banking reforms, anti-money laundering and anti-terrorist laws, etc...So in this regard Shabibi knew darn well they must work together... [post 1 of 2....stay tuned]
3-7-2019 Intel Guru MarkZ Q: do you think they will see LD’s in Iraq this weekend? my contacts have seen the LDS…..they have held them …..folks that are working under contracts, so we are hoping they are out for everybody this weekend. Q: [Guru] Frank26 and his group had stated a while ago that the that the 3 zero's had already been deleted electronically? The movement, the education …everything they have told to the people….so much…It’s not a secret over there…everyone knows. ….it’s just a secret here…..there is so much in the news over there….
3-7-2019 Intel Guru MarkZ Q: some gurus say we only have 5 days to exchange, what’s the real story? I am hearing we have longer than that…… closer to a month, but we won’t know until we get there. Q: are your sources saying the next couple days are HOT for rv action? Heck YES!! They most certainly are looking at the next couple of days hard! Q: Have you heard anything about the RV can being kicked down the road another 9 months? No I have not heard anything like that. I have heard they want everything done by that time….finished…completed….our currency done and turned in by October….thats how I understand it...
3-7-2019 Intel Guru RayRen98 Parliamentary commission and investment confirmed on tv interview today that to revalue and delete the zeros is ready for implementation by the cbi after a five year delay due to security and corruption issues! Show me the money!!!
3-7-2019 Newshound Guru larrykn they seem to be going in the right direction, I can't wait to see what happens when Parliament meets.
3-7-2019 Intel Guru MarkZ ...I am beyond hopeful for this month and still hopeful we will see something overnight tonight or in the next couple days. [Do we really think the RV is gonna REALLY happen very very soon?] Yes I think its very very close…I wish I could share everything I know …this thing is so fluid.
3-7-2019 Newshound Guru Kaperoni If you believe monetary policy is based on sound logic and principals then you know the dinar can never arbitrarily revalue. It is my belief the CBI plans to gradually raise the value of the dinar as a tool to counter inflationary pressure created when significant investment comes to Iraq. Iraq will never redemoninate or LOP the currency. Monetary policy in Iraq the past 14 years has been a success not a failure. The next phase will also be a success which is to float the currency. But first Iraq must complete the GOI and pass needed investment laws. Completion of the GOI and the laws will encourage participation in Iraq's economy thus giving the CBI a reason to begin to float the dinar.
3-7-2019 Intel Guru MarkZ Q: some gurus say we only have 5 days to exchange, what’s the real story? I am hearing we have longer than that…… closer to a month, but we won’t know until we get there. Q: are your sources saying the next couple days are HOT for rv action? Heck YES!! They most certainly are looking at the next couple of days hard! Q: Have you heard anything about the RV can being kicked down the road another 9 months? No I have not heard anything like that. I have heard they want everything done by that time….finished…completed….our currency done and turned in by October….thats how I understand it...
3-7-2019 Intel Guru RayRen98 Parliamentary commission and investment confirmed on tv interview today that to revalue and delete the zeros is ready for implementation by the cbi after a five year delay due to security and corruption issues! Show me the money!!!
3-7-2019 Newshound Guru larrykn they seem to be going in the right direction, I can't wait to see what happens when Parliament meets.
3-7-2019 Intel Guru MarkZ ...I am beyond hopeful for this month and still hopeful we will see something overnight tonight or in the next couple days. [Do we really think the RV is gonna REALLY happen very very soon?] Yes I think its very very close…I wish I could share everything I know …this thing is so fluid.
3-7-2019 Newshound Guru Kaperoni If you believe monetary policy is based on sound logic and principals then you know the dinar can never arbitrarily revalue. It is my belief the CBI plans to gradually raise the value of the dinar as a tool to counter inflationary pressure created when significant investment comes to Iraq. Iraq will never redemoninate or LOP the currency. Monetary policy in Iraq the past 14 years has been a success not a failure. The next phase will also be a success which is to float the currency. But first Iraq must complete the GOI and pass needed investment laws. Completion of the GOI and the laws will encourage participation in Iraq's economy thus giving the CBI a reason to begin to float the dinar.
3-6-2019 Intel Guru MarkZ ...I am very confident that we are close…I am still expecting 800 #s this week. Based on what I am hearing we are very close...IMO it is imminent and it is moving… I am hearing some reset information was leaked to a very prominent Italian news source…this is a mainstream publication and on the mainstream news so imo there is no way to put the cat back into the bag now...that its leaking at this level is huge news… Look for a lot to move quickly ...I have heard that the reset will be on the down-low (kept quiet) for about 10 days to 2 weeks…then the news will come out… I do have a contact over there that has seen the LD’s… has held them ...and there has been articles in Iraqi news about the LD’s and how they will be using them...so much news over there on that. [do you think we are waiting for the Iraqi government to be fully seated?] No...As soon as this happens the Iraqi government will be very stable. ...I am like you all and am so ready to get off this roller coaster ride…
3-6-2019 Intel Guru RayRen98 [via sunny] Yesterday they broadcast on TV stating cabinet selections will be completed by the end of the month. This morning they are broadcasting they will be completed in two weeks. All of us don't subscribe, to the cabinet has to be completed before the RV.
3-6-2019 Newshound/Intel Guru David M. Witty Iraqi PM Abdel-Mahdi confirms the need for continued US-Iraqi cooperation to defeat... US President: we will spend $3 billion to develop Ein al-Asad base in Anbar Province, Iraq, to ensure final defeat of terrorism. We have no intentions of leaving Iraq.
3-6-2019 Intel Guru Bruce ...It appears that there is just a few more things like what is happening with Iraq tonight that need to take place... The strange thing is the rate for the Iraqi dinar has not been visible on the screens. For a few days it has been off. We are not really sure what it will be when it comes in. It should be I think between $6 to $7 when it starts. It will trade up from that. ...I believe we are right there. If I told everybody my understanding is that we will be where we need to be which is appointments set, beginning our exchanges within 48 hours. ...that is how close I can call it without calling it. ...We are super excited. We are waiting to get started. [post 2 of 2]
3-6-2019 Intel Guru Bruce [via PinkRoses] ...we are in what is considered a slow rollout. Everything really started with the RV and we had several indications of a start, but the true RV, if you will, started March 1st. ...Where do we stand with Iraq? ...Iraq tonight [Tuesday]...their ATM machines are loaded with lower denominations...5, 10, and 20...not sure if they have a 2 or 3. They got some coins to cover the lower amounts. Their dinar sort of follows on their lower denominations of what our money is here. Those ATMs are to be loaded and in play functioning before the Gazette release comes out tomorrow [Wednesday] morning. The Gazette release will have the new rate of the dinar and will have anything else that is pertinent to what is happening. We got this from a governmental official today, one that you guys would recognize their name. That seems to put some finality to it from Iraq’s perspective. [post 1 of 2....stay tuned]
3-6-2019 Intel Guru MarkZ Im thinking everything will be released within hours of each other...This is not like Kuwait where they kept a lid on it for 10 days…in the computer age we will know everything instantly...so releases have to happen quickly-IMO. I am still hearing the entire tax system is going to change...we will not know 100% until it occurs…and I am told this event will not be a taxable event due to a tax treaty…but we will not know 100% until it occurs…I am also told to be sure to call it an exchange when you go into the banks…. Tomorrow is Wednesday and I am planning on 2 chats tomorrow. 10AM and 8PM EST. We are expecting a lot to be happening by then… [post 2 of 2]
3-6-2019 Intel Guru MarkZ Everyone is geared up for a late Tuesday Event...so I hope we have a late Tuesday event…they are hearing a lot of behind the scenes stuff Tuesday Night, and in the forefront stuff that we can see tomorrow...Of course no one has been right yet..thats just what we are hearing….thats the plan… I have been told banks will issue their own 800 numbers, they desperately want you in there…the reality is Iraq is just waiting for the rest of the world...all of their problems will instantly go away the moment the reset happens. [post 1 of 2....stay tuned]
3-6-2019 Intel Guru RayRen98 [via sunny] Yesterday they broadcast on TV stating cabinet selections will be completed by the end of the month. This morning they are broadcasting they will be completed in two weeks. All of us don't subscribe, to the cabinet has to be completed before the RV.
3-6-2019 Newshound/Intel Guru David M. Witty Iraqi PM Abdel-Mahdi confirms the need for continued US-Iraqi cooperation to defeat... US President: we will spend $3 billion to develop Ein al-Asad base in Anbar Province, Iraq, to ensure final defeat of terrorism. We have no intentions of leaving Iraq.
3-6-2019 Intel Guru Bruce ...It appears that there is just a few more things like what is happening with Iraq tonight that need to take place... The strange thing is the rate for the Iraqi dinar has not been visible on the screens. For a few days it has been off. We are not really sure what it will be when it comes in. It should be I think between $6 to $7 when it starts. It will trade up from that. ...I believe we are right there. If I told everybody my understanding is that we will be where we need to be which is appointments set, beginning our exchanges within 48 hours. ...that is how close I can call it without calling it. ...We are super excited. We are waiting to get started. [post 2 of 2]
3-6-2019 Intel Guru Bruce [via PinkRoses] ...we are in what is considered a slow rollout. Everything really started with the RV and we had several indications of a start, but the true RV, if you will, started March 1st. ...Where do we stand with Iraq? ...Iraq tonight [Tuesday]...their ATM machines are loaded with lower denominations...5, 10, and 20...not sure if they have a 2 or 3. They got some coins to cover the lower amounts. Their dinar sort of follows on their lower denominations of what our money is here. Those ATMs are to be loaded and in play functioning before the Gazette release comes out tomorrow [Wednesday] morning. The Gazette release will have the new rate of the dinar and will have anything else that is pertinent to what is happening. We got this from a governmental official today, one that you guys would recognize their name. That seems to put some finality to it from Iraq’s perspective. [post 1 of 2....stay tuned]
3-6-2019 Intel Guru MarkZ Im thinking everything will be released within hours of each other...This is not like Kuwait where they kept a lid on it for 10 days…in the computer age we will know everything instantly...so releases have to happen quickly-IMO. I am still hearing the entire tax system is going to change...we will not know 100% until it occurs…and I am told this event will not be a taxable event due to a tax treaty…but we will not know 100% until it occurs…I am also told to be sure to call it an exchange when you go into the banks…. Tomorrow is Wednesday and I am planning on 2 chats tomorrow. 10AM and 8PM EST. We are expecting a lot to be happening by then… [post 2 of 2]
3-6-2019 Intel Guru MarkZ Everyone is geared up for a late Tuesday Event...so I hope we have a late Tuesday event…they are hearing a lot of behind the scenes stuff Tuesday Night, and in the forefront stuff that we can see tomorrow...Of course no one has been right yet..thats just what we are hearing….thats the plan… I have been told banks will issue their own 800 numbers, they desperately want you in there…the reality is Iraq is just waiting for the rest of the world...all of their problems will instantly go away the moment the reset happens. [post 1 of 2....stay tuned]
3-5-2019 Newshound Guru larrykn Looks like they are working on the corruption over in Iraq, this is good news...What I've been reading is showing they are working on corruption and security these are two of the main things they need to get a handle on. Article quote: "Iraq has been intensifying the security measures in the western regions to prevent the infiltration ISIS militants fleeing Syria." ...this article shows they are working on Security which we need to see if they are going to do something with their currency...this is all good news. ...when Parliament comes back if they get the laws passed for investors. and banking we will be looking good...IMO.
3-5-2019 Newshound Guru Kaperoni A couple of good reads the last few days...WTO News as Iraq inches closer to full accession. A critical part to this puzzle.
3-5-2019 Newshound Guru Kaperoni A couple of good reads the last few days...WTO News as Iraq inches closer to full accession. A critical part to this puzzle.
3-4-2019 Newshound Guru larrykn Article: "Iraq deploys 20,000 personnel in Anbar to watch borders with Syria:" IMO this is the reason why the US should not leave Iraq, Isis has lost in Syria and is heading back into Iraq, they don't want to see what happened before happen again. I think this month will tell us a lot about where we are at and going to be at.
3-4-2019 Intel Guru MarkZ ...Still hearing we are at a “any moment” scenario. I am expecting many disconnects today from the markets, from oil, from mainstreet to wall street…..it should be an interesting week. Everybody I know is still in place and waiting. I was reached out to by a number of sources yesterday and that makes me very excited… Some news I am waiting for permission to share. We are still in the window I was given which was from Saturday to late Tuesday Night. [On the scale from 1-10 10. Being the best, how would you compare how close we are compared to 2012?] I think we are sitting on a 9.9 on a scale of 1-10 as opposed to 2012. [what are the most current rates you've heard on dinar and dong?] The latest I’ve heard is on the dinar is Mid $4’s to Mid $6’s…and the dong I have heard will be in low $2’s. I will keep shaking the bushes and rattling the cages today for news.
3-4-2019 Newshound Guru Kaperoni So as we enter March there still is no RV or RI ...Why? Because there will never be a an overnight event. Monetary policy does not work that way. This is a process and as investment comes into Iraq the dinar will rise gradually via a float. It could take 6 months to a year or more to rise to a level we all are looking for.
3-4-2019 Newshound Guru MilitiaMan Internationalism...Can't hide it now... The Cat is out of the bag... Even the Governors of the Provinces and the Religious Authority is calling for distribution of the Iraqi wealth and now we see Citi Bank able to do similar distribution of timely payments through a chunky credit facility. These latest actions from the Governors meeting this last week on 2019 Budget allocations to be disbursed for re construction projects and Qasim al-Tai religious authority telling PM Mahdi to distribute the wealth to the citizens in a fair and equitable manner all around the same time frame of the passing of key laws this week. My bet on this is the Citizens are squawking even louder now that the Tariffs are being enforced. They signed this credit facility on Thursday of last week!!! Same day the Governors were meeting on disbursements to the provinces. See the the progress in play now? I sure do.. Man it looks good too! imo.
3-4-2019 Intel/Newshound Gurus Delta & MilitiaMan LIKE WE SAID...SMALL EXAMPLE PRICE JUST JUMB [JUMP?] 400%...Red meat, tomato prices rise as import tariffs bite...One kilo of red meat has risen on average by 500 IQD ($0.42) in Erbil and Duhok. But in Sulaimani, it has skyrocketed by as much 2,000 IQD ($1.68)... INFLATION IS MY BEST FRIEND...Now the Inflation begins... Massive pressure is coming now... That should bode very well for us now. ~ imo.
3-4-2019 Intel Guru MarkZ ...Still hearing we are at a “any moment” scenario. I am expecting many disconnects today from the markets, from oil, from mainstreet to wall street…..it should be an interesting week. Everybody I know is still in place and waiting. I was reached out to by a number of sources yesterday and that makes me very excited… Some news I am waiting for permission to share. We are still in the window I was given which was from Saturday to late Tuesday Night. [On the scale from 1-10 10. Being the best, how would you compare how close we are compared to 2012?] I think we are sitting on a 9.9 on a scale of 1-10 as opposed to 2012. [what are the most current rates you've heard on dinar and dong?] The latest I’ve heard is on the dinar is Mid $4’s to Mid $6’s…and the dong I have heard will be in low $2’s. I will keep shaking the bushes and rattling the cages today for news.
3-4-2019 Newshound Guru Kaperoni So as we enter March there still is no RV or RI ...Why? Because there will never be a an overnight event. Monetary policy does not work that way. This is a process and as investment comes into Iraq the dinar will rise gradually via a float. It could take 6 months to a year or more to rise to a level we all are looking for.
3-4-2019 Newshound Guru MilitiaMan Internationalism...Can't hide it now... The Cat is out of the bag... Even the Governors of the Provinces and the Religious Authority is calling for distribution of the Iraqi wealth and now we see Citi Bank able to do similar distribution of timely payments through a chunky credit facility. These latest actions from the Governors meeting this last week on 2019 Budget allocations to be disbursed for re construction projects and Qasim al-Tai religious authority telling PM Mahdi to distribute the wealth to the citizens in a fair and equitable manner all around the same time frame of the passing of key laws this week. My bet on this is the Citizens are squawking even louder now that the Tariffs are being enforced. They signed this credit facility on Thursday of last week!!! Same day the Governors were meeting on disbursements to the provinces. See the the progress in play now? I sure do.. Man it looks good too! imo.
3-4-2019 Intel/Newshound Gurus Delta & MilitiaMan LIKE WE SAID...SMALL EXAMPLE PRICE JUST JUMB [JUMP?] 400%...Red meat, tomato prices rise as import tariffs bite...One kilo of red meat has risen on average by 500 IQD ($0.42) in Erbil and Duhok. But in Sulaimani, it has skyrocketed by as much 2,000 IQD ($1.68)... INFLATION IS MY BEST FRIEND...Now the Inflation begins... Massive pressure is coming now... That should bode very well for us now. ~ imo.
3-3-2019 Newshound Guru larrykn Article: "Iraqis divided over continued presence of American forces" ...its Iran that wants the US out, but its up to Iraq to decide if they want us to go or not, I don't think they will but you never know...the part that wants the US to leave is backed by Iran, Maliki group, Ameri group...the Kurds have said they want the US to stay. ...stability will go right out the door and everything Iraq has been working on will go with it...If they kick out the US out of Iraq we can put our dinar away for a long time, Stability in the country will go right down the tubes and all the investor will leave, this is why I don't think this will happen but I guess we will see when Parliament comes back...its up to Iraq government to choose not the US. I believe the Month of March will tell us where Iraq is heading, we will all know soon enough.
3-3-2019 Intel Guru MarkZ There was a whole lot that happened yesterday, last night…and overnight...wow...so many positive things. ...I am going to call today “waiting on fruition day”. ...I cannot tell you the news coming out of the banking system but its beyond fantastic...it would be irresponsible on my part to tell right now. ...Many banks have spent a fortune getting key people in key places… based on what I can and cannot share I am feeling really good today. ...again...lots happened last night and more to come by Tuesday I am being told…
3-3-2019 Intel Guru RayRen98 Iraqi TV reports Parliaments' first session is rescheduled to Saturday, March 9, 2019. The vote/session that was SUPPOSED to take place on Monday, March 4 was already announced moved to Tuesday, March 5 and now gets shifted to Saturday? ...It is alleged that the Supreme Court informed that Parliament can vote on all ministries with the exception of Defense Minister due to it being under investigation. Iraqi TV is reporting that the CBI is saying that a fully seated government is needed for full move to international status. Time Will Tell on that one too. ...PRICES "SUPPOSEDLY" STILL BEING ADJUSTED... TIME WILL TELL!
3-3-2019 Newshound Guru larrykn [new Guru] I think the dinar will happen but we need to look at what Iraq is doing to get there...I've been in this 8 yrs now and I still feel its coming... If its not on the CBI site or Forex its not there period. [What do you think about [Guru] Kaperoni's thoughts?...a Float...] I'm not sure about it starting at were [where?] we are now but I do think it will float...here the thing I'm seeing, I hate to say it but I'm not sure your going to see a high rate to start it might take some time but once it happens it won't take that long to get there...as investors come in the currency will rise...I like seeing other countries are talking to trade talks with Iraq, we need to see that happen , that will put pressure on them to do something with their currency... stability is one of the big things we need to see happen, I see they are working on that now. [You can always find the official CBI and Market rates for the dinar on the left column of this page]
3-3-2019 Intel Guru Footforward You absolutely can not have an in country RV only. When this goes, it will be live all over the world.
3-3-2019 Guest Guru BobTheTaxMan if you show a huge amount of charitable contributions that actually exceed your income it’s going to get audited. You can plan on it…good tax planning always has good records. As long as you are compliant with the rules and regulations imposed by the IRS you do not have to fear it…I think it’s absolutely phenomenally marvelous the changes that have got on for 18 to 19 which makes this investment we are all involved in, wow, it’s just a huge huge blessing. It’s going to be great! But you need to look at the other side of the coin. This is what the IRS is going to be looking for. Be prepared. Play the game. And you will win. [Post 8 of 8]
3-3-2019 Intel Guru MarkZ There was a whole lot that happened yesterday, last night…and overnight...wow...so many positive things. ...I am going to call today “waiting on fruition day”. ...I cannot tell you the news coming out of the banking system but its beyond fantastic...it would be irresponsible on my part to tell right now. ...Many banks have spent a fortune getting key people in key places… based on what I can and cannot share I am feeling really good today. ...again...lots happened last night and more to come by Tuesday I am being told…
3-3-2019 Intel Guru RayRen98 Iraqi TV reports Parliaments' first session is rescheduled to Saturday, March 9, 2019. The vote/session that was SUPPOSED to take place on Monday, March 4 was already announced moved to Tuesday, March 5 and now gets shifted to Saturday? ...It is alleged that the Supreme Court informed that Parliament can vote on all ministries with the exception of Defense Minister due to it being under investigation. Iraqi TV is reporting that the CBI is saying that a fully seated government is needed for full move to international status. Time Will Tell on that one too. ...PRICES "SUPPOSEDLY" STILL BEING ADJUSTED... TIME WILL TELL!
3-3-2019 Newshound Guru larrykn [new Guru] I think the dinar will happen but we need to look at what Iraq is doing to get there...I've been in this 8 yrs now and I still feel its coming... If its not on the CBI site or Forex its not there period. [What do you think about [Guru] Kaperoni's thoughts?...a Float...] I'm not sure about it starting at were [where?] we are now but I do think it will float...here the thing I'm seeing, I hate to say it but I'm not sure your going to see a high rate to start it might take some time but once it happens it won't take that long to get there...as investors come in the currency will rise...I like seeing other countries are talking to trade talks with Iraq, we need to see that happen , that will put pressure on them to do something with their currency... stability is one of the big things we need to see happen, I see they are working on that now. [You can always find the official CBI and Market rates for the dinar on the left column of this page]
3-3-2019 Intel Guru Footforward You absolutely can not have an in country RV only. When this goes, it will be live all over the world.
3-3-2019 Guest Guru BobTheTaxMan if you show a huge amount of charitable contributions that actually exceed your income it’s going to get audited. You can plan on it…good tax planning always has good records. As long as you are compliant with the rules and regulations imposed by the IRS you do not have to fear it…I think it’s absolutely phenomenally marvelous the changes that have got on for 18 to 19 which makes this investment we are all involved in, wow, it’s just a huge huge blessing. It’s going to be great! But you need to look at the other side of the coin. This is what the IRS is going to be looking for. Be prepared. Play the game. And you will win. [Post 8 of 8]
3-2-2019 Intel Guru MarkZ We were all ready to roll last night …and don’t know what happened or what hasn’t happened yet...Im still expecting a lot of intel later on today...Right now we have all the right people are in the right places...[Have you been able to confirm any new rates implemented in Iraq?] No I have not..My guy in Iraq says maybe it was a contractors rates…but they have not seen it on the street level yet...Everyone has been positioning and our window is today through Tuesday...still hearing we are in a very good spot...We are so close right now... we know this is not a question of IF, but a question of when..and we have no control over the "when"...If I have news or see any movement....I will be sure to let you all know...If I am allowed to let you know...
3-2-2019 Newshound Guru Breitling My definition and idea of what to look for and how much to cash in is completely changed. I never would have imagined with all the regulations and everybody so anti-fossil fuel the world is flooding with fossil fuels…but it’s completely flipped. What I’m saying is whatever the dinar comes in at just pull the trigger. It’s not going to get to $3.22. I know what Iraq said. I know what they said their intent was, but there is no way they could have imagined what the United States is doing today…we’ve become self-sufficient but we’ve started selling fossil fuels [too]. [Post 2 of 2]
3-2-2019 Newshound Guru Breitling …this is what Iraq stated they wanted to do. They wanted to get to a dollar. and then they wanted to reengineer their economy and get the dinar to $3.22…they told everybody…the Ministry of Finance, the Ministry of Planning, the CBI, the Parliament of Iraq all agreed and stated this is our goal, this is what we want to do…I don’t see that any more…people always ask me what’s the cash in? What should I do? Should I cash in just a little bit…? I’m not kidding. I do not see a path to $3.22. [Post 1 of 2....stay tuned]
3-2-2019 Intel Guru MarkZ [Do we have to exchange in the state we reside or can we exchange in the state we're visiting at present?] I am being told you will be able to pick where you want to exchange…If you are worried about security, or your neighbors, or having people know you are sitting on a bunch of money…you can choose to go somewhere else to exchange so you are not in your local area, and come home and live a quiet life. Or exchange in your area and then move to where you want to be.
3-2-2019 Guest Guru BobTheTaxMan …If you made over a certain amount of money you did not get to use Schedule A. Period. That got taken out for 2018. There are no limits…Now charitable contributions: have been in the 30% to 50% allowable depending on your income. Now that’s changed. In 2019 it went from 50% to 60%. This means a whole massive amount of tax liability that would have occurred because of having this money you can write off as charitable contributions. Wow! That is freaking awesome! But you also need to remember… [Post 7 of 8]
3-2-2019 Newshound Guru Breitling My definition and idea of what to look for and how much to cash in is completely changed. I never would have imagined with all the regulations and everybody so anti-fossil fuel the world is flooding with fossil fuels…but it’s completely flipped. What I’m saying is whatever the dinar comes in at just pull the trigger. It’s not going to get to $3.22. I know what Iraq said. I know what they said their intent was, but there is no way they could have imagined what the United States is doing today…we’ve become self-sufficient but we’ve started selling fossil fuels [too]. [Post 2 of 2]
3-2-2019 Newshound Guru Breitling …this is what Iraq stated they wanted to do. They wanted to get to a dollar. and then they wanted to reengineer their economy and get the dinar to $3.22…they told everybody…the Ministry of Finance, the Ministry of Planning, the CBI, the Parliament of Iraq all agreed and stated this is our goal, this is what we want to do…I don’t see that any more…people always ask me what’s the cash in? What should I do? Should I cash in just a little bit…? I’m not kidding. I do not see a path to $3.22. [Post 1 of 2....stay tuned]
3-2-2019 Intel Guru MarkZ [Do we have to exchange in the state we reside or can we exchange in the state we're visiting at present?] I am being told you will be able to pick where you want to exchange…If you are worried about security, or your neighbors, or having people know you are sitting on a bunch of money…you can choose to go somewhere else to exchange so you are not in your local area, and come home and live a quiet life. Or exchange in your area and then move to where you want to be.
3-2-2019 Guest Guru BobTheTaxMan …If you made over a certain amount of money you did not get to use Schedule A. Period. That got taken out for 2018. There are no limits…Now charitable contributions: have been in the 30% to 50% allowable depending on your income. Now that’s changed. In 2019 it went from 50% to 60%. This means a whole massive amount of tax liability that would have occurred because of having this money you can write off as charitable contributions. Wow! That is freaking awesome! But you also need to remember… [Post 7 of 8]
3-1-2019 Intel Guru MarkZ I was asked why I do this….I was too tired of seeing people at their wits end and depressed….Way to many people I’ve seen giving up hope and about to give up their currency and that was just killing me. ...News has been intermittent…[Do I still feel good about where we are?] Yes I do . I feel very good about it. [I was told that the banks asked for one more day of training and that they the wanted the exchange to start tomorrow.] I am hearing the same from some sources….you have exceptionally good contacts….and that you are hearing this and I am also and we both have very different contacts is a very positive sign. I really do think we are close though based on very smart people involved in the process….
3-1-2019 Newshound/Intel Guru Randy Koonce Based on the information I have been able to get, we could see it as soon as this weekend, but hopefully no later than the 3rd week in March. That is our latest, and hopefully the last window. For some of you the tax consequences will be significant. Pay your taxes, but also be wise in the speed and manner in which you exchange...Take your time. Be deliberate and intentional. Be smarter than you’ve ever been in your life. There will never be another opportunity of this magnitude in our lifetimes. ...ALSO this is very political so as I am very confident something can come up and delay. So do not quick breathing...We are close.. Every large bank will exchange... RELAX the RV is coming...Breathe...Check...CBI...every day to see if it has changed... [post 2 of 2] [The Official CBI Dinar Rates are listed on the left side of this page...you can always see them there! :) ]
3-1-2019 Newshound/Intel Guru Randy Koonce Ladies and Gentlemen of Dinar-Land. Please put your tray tables in the upright position, and make sure your seat belts are fastened. It truly looks like we are on the final approach and that our very long ride is about to come to an end. I hope you have given much thought to, and made very wise plans as you exit the ride. As you all are aware of, this Iraqi dinar revaluation has taken many unexpected and unplanned twists and turns. Barring another new unforeseen bump, we are looking at March to be our final month of waiting for this to happen. [post 1 of 2....stay tuned]
3-1-2019 Intel Guru RayRen98 1. Some US banks are seeing rates on the back screen, but we're being informed that they are not the final rates. 2. Iraqi TV news broadcasted a spokesperson stating that a complete, seated government will be announced no later than March 17, 2019. 3. PM Mahdi reportedly announced on Iraqi TV that several ministers of his cabinet will be replaced due to their suspicious background. 4. Two reputable sources have reported to us that 35 Dinar is equivalent to $100 US in-country only. We await more detailed information regarding this process. 5. It is being reported to us that consumer market prices for goods services are being (or scheduled to be) adjusted due to rate changes. It is anticipated that fils (coins) will be effective with the new pricing structure in addition to the lower denoms that have been slowly trickling into circulation. Time Will Tell All!
3-1-2019 Intel Guru Bruce ...I believe yesterday for about 3 ½ hours banks had video conference calls where they were going through last minute protocols, last minute information. ...Rates are on screens... rates are going to be great. ...Everything else is just us getting started. We are down to that point. Everybody has signed off. Everything is ready to proceed...We are poised to get started I believe with our exchanges by this weekend. If we get pushed, I do not know it yet...That is where we are. We are down to the wire.
3-1-2019 Guest Guru BobTheTaxMan …And is it really worth cashing in all this dinar and ending up with this huge amount of capital and finding yourself under the gun scope of the IRS. If you have an exorbitant amount of income that show up, I mean a great big chunk, you can justify it, that’s not the problem at all, but I promise you if they audit you and you have not paid your taxes on it they are going to hit you with penalties and interests. And it’s going to be huge. Just be aware. If you take a lot out and your tax returns jump way up high you might set yourself up for an audit. Plan on it. It’s going to happen. THREE: One of the amazing blessing that’s come from 2018 to 2019 taxes is the simple fact that in the past Schedule A which is where you put your itemized deductions and report your charitable contributions had limitations on it. [Post 6 of 8]
3-1-2019 Intel Guru MarkZ [Would you please...comment on the Kuwaiti dinar being around $4 to 1 dinar as Iraq has been said to want parody [parity?] with Kuwait...so, if ...that is true, the bank rate for Kuwaiti dinar is a good indication for us?] Absolutely...they are looking for parity….they are looking for them to be within pennies of each other. 2 Weeks ago we were seeing a rate of about 4:43 and hearing it could climb to the high $6’s and guys anytime I mention a rate- consider it a rumor right now…until we go to the banks and money in our pockets.
3-1-2019 Intel Guru Footforward There has been no RV or RI in Iraq yet. When it goes, it will be world wide. Not just in Iraq.
3-1-2019 Newshound/Intel Guru Randy Koonce Based on the information I have been able to get, we could see it as soon as this weekend, but hopefully no later than the 3rd week in March. That is our latest, and hopefully the last window. For some of you the tax consequences will be significant. Pay your taxes, but also be wise in the speed and manner in which you exchange...Take your time. Be deliberate and intentional. Be smarter than you’ve ever been in your life. There will never be another opportunity of this magnitude in our lifetimes. ...ALSO this is very political so as I am very confident something can come up and delay. So do not quick breathing...We are close.. Every large bank will exchange... RELAX the RV is coming...Breathe...Check...CBI...every day to see if it has changed... [post 2 of 2] [The Official CBI Dinar Rates are listed on the left side of this page...you can always see them there! :) ]
3-1-2019 Newshound/Intel Guru Randy Koonce Ladies and Gentlemen of Dinar-Land. Please put your tray tables in the upright position, and make sure your seat belts are fastened. It truly looks like we are on the final approach and that our very long ride is about to come to an end. I hope you have given much thought to, and made very wise plans as you exit the ride. As you all are aware of, this Iraqi dinar revaluation has taken many unexpected and unplanned twists and turns. Barring another new unforeseen bump, we are looking at March to be our final month of waiting for this to happen. [post 1 of 2....stay tuned]
3-1-2019 Intel Guru RayRen98 1. Some US banks are seeing rates on the back screen, but we're being informed that they are not the final rates. 2. Iraqi TV news broadcasted a spokesperson stating that a complete, seated government will be announced no later than March 17, 2019. 3. PM Mahdi reportedly announced on Iraqi TV that several ministers of his cabinet will be replaced due to their suspicious background. 4. Two reputable sources have reported to us that 35 Dinar is equivalent to $100 US in-country only. We await more detailed information regarding this process. 5. It is being reported to us that consumer market prices for goods services are being (or scheduled to be) adjusted due to rate changes. It is anticipated that fils (coins) will be effective with the new pricing structure in addition to the lower denoms that have been slowly trickling into circulation. Time Will Tell All!
3-1-2019 Intel Guru Bruce ...I believe yesterday for about 3 ½ hours banks had video conference calls where they were going through last minute protocols, last minute information. ...Rates are on screens... rates are going to be great. ...Everything else is just us getting started. We are down to that point. Everybody has signed off. Everything is ready to proceed...We are poised to get started I believe with our exchanges by this weekend. If we get pushed, I do not know it yet...That is where we are. We are down to the wire.
3-1-2019 Guest Guru BobTheTaxMan …And is it really worth cashing in all this dinar and ending up with this huge amount of capital and finding yourself under the gun scope of the IRS. If you have an exorbitant amount of income that show up, I mean a great big chunk, you can justify it, that’s not the problem at all, but I promise you if they audit you and you have not paid your taxes on it they are going to hit you with penalties and interests. And it’s going to be huge. Just be aware. If you take a lot out and your tax returns jump way up high you might set yourself up for an audit. Plan on it. It’s going to happen. THREE: One of the amazing blessing that’s come from 2018 to 2019 taxes is the simple fact that in the past Schedule A which is where you put your itemized deductions and report your charitable contributions had limitations on it. [Post 6 of 8]
3-1-2019 Intel Guru MarkZ [Would you please...comment on the Kuwaiti dinar being around $4 to 1 dinar as Iraq has been said to want parody [parity?] with Kuwait...so, if ...that is true, the bank rate for Kuwaiti dinar is a good indication for us?] Absolutely...they are looking for parity….they are looking for them to be within pennies of each other. 2 Weeks ago we were seeing a rate of about 4:43 and hearing it could climb to the high $6’s and guys anytime I mention a rate- consider it a rumor right now…until we go to the banks and money in our pockets.
3-1-2019 Intel Guru Footforward There has been no RV or RI in Iraq yet. When it goes, it will be world wide. Not just in Iraq.
2-28-2019 Intel Guru MarkZ ...a lot happening in the background...I do think we're soon...Everyone is in place all higher ups ready! We are trying to find out more about the 2:86 rate in Iraq...from my contact in Iraq. There is no bad news..The banks think we will have liquidity soon... I am still looking for the reset at anytime but for sure within the next week or two. There is so much behind the scenes movement that I can’t share... ...Feb 25th of last year...even back then they were pushing for it in first quarter of 2019… [...is there going to be contract rates Internationally?] I have been told there would be contract rates all over the world….thats how resets or revaluations have worked all throughout history.
2-28-2019 Intel Guru ADMINBILL Breathe...It appears the "moment" is drawing very close. Perhaps what we have waited for is within our grasp.
2-28-2019 Guest Guru BobTheTaxMan 2. …tax planning is absolutely critical…if you run out and cash in all this dinar three things are going to happen. ONE: You have to make dang sure when you cash in that dinar that you pay your taxes on it. Don’t let it get away from you. Calculate it. Pay it up front. Pay it quarterly. Pay it monthly. When you go get money out of the bank, pay taxes. Just do it. That way you don’t have to worry about it. TWO: Realize if you pull a lot more money and show on your tax return than what you ordinarily would have, you have lined yourself up for an audit. Part of the tax planning is…where do you draw the line? How much do you really need? What tax bracket do you want to live in? [Post 5 of 8]
2-28-2019 Intel Guru MarkZ [Have you heard that the slow roll-out has already begun?] Yes I have… [...can you tell me if you heard what I am being told about the 800#'s being put out very soon. I was actually told to be ready it is now any second.] I am hearing the same thing…I hate to keep telling you all that and keep you on the edge of your seats…but that’s what I hear.
2-28-2019 Newshound Guru Adam Montana We can certainly have an RV without the HCL, but doesn’t it make sense that a written agreement that guarantees a portion of the spoils to a major part of the Iraqi (bicracky) population would grease the wheels? I think so. ...Over the years, I’ve given more than a few deeper looks into my reasonings for the importance of the HCL but I hope I’ve also expressed that it’s not a “requirement”. The Iraqi dinar will increase in value with or without an official HCL. Personally I think the rate will be stronger with the HCL. Also personally, I’d be happy with a lower rate without an official HCL. [post 2 of 2]
2-28-2019 Newshound Guru Adam Montana [...why must they pass the HCL law before there can be a revaluation of the dinar?] HCL is indeed merely a profit sharing agreement, and until there’s a decent agreement in place regarding profit sharing, we have a difficult road to travel for an RV, which is all about profit. The profits little people like us will see from a change in the exchange rate of the Iraqi dinar are small compared to what larger institutions will realize. This is something that happens every day, and that’s not particularly important. What IS important is this; [post 1 of 2....stay tuned]
2-28-2019 Intel Guru RayRen98 ...We now have a confirmation 35 dinar equals US $100 which means there is a live rate of two dollars and 86. We wait and wait and wait but it’s going to be here at a much higher rate. [Update] RECEIVED ANOTHER ACKNOWLEDGEMENT OF 35 DINAR = $100 US IN IRAQ...ANOTHER GOOD SOURCE.
2-28-2019 Intel Guru ADMINBILL Breathe...It appears the "moment" is drawing very close. Perhaps what we have waited for is within our grasp.
2-28-2019 Guest Guru BobTheTaxMan 2. …tax planning is absolutely critical…if you run out and cash in all this dinar three things are going to happen. ONE: You have to make dang sure when you cash in that dinar that you pay your taxes on it. Don’t let it get away from you. Calculate it. Pay it up front. Pay it quarterly. Pay it monthly. When you go get money out of the bank, pay taxes. Just do it. That way you don’t have to worry about it. TWO: Realize if you pull a lot more money and show on your tax return than what you ordinarily would have, you have lined yourself up for an audit. Part of the tax planning is…where do you draw the line? How much do you really need? What tax bracket do you want to live in? [Post 5 of 8]
2-28-2019 Intel Guru MarkZ [Have you heard that the slow roll-out has already begun?] Yes I have… [...can you tell me if you heard what I am being told about the 800#'s being put out very soon. I was actually told to be ready it is now any second.] I am hearing the same thing…I hate to keep telling you all that and keep you on the edge of your seats…but that’s what I hear.
2-28-2019 Newshound Guru Adam Montana We can certainly have an RV without the HCL, but doesn’t it make sense that a written agreement that guarantees a portion of the spoils to a major part of the Iraqi (bicracky) population would grease the wheels? I think so. ...Over the years, I’ve given more than a few deeper looks into my reasonings for the importance of the HCL but I hope I’ve also expressed that it’s not a “requirement”. The Iraqi dinar will increase in value with or without an official HCL. Personally I think the rate will be stronger with the HCL. Also personally, I’d be happy with a lower rate without an official HCL. [post 2 of 2]
2-28-2019 Newshound Guru Adam Montana [...why must they pass the HCL law before there can be a revaluation of the dinar?] HCL is indeed merely a profit sharing agreement, and until there’s a decent agreement in place regarding profit sharing, we have a difficult road to travel for an RV, which is all about profit. The profits little people like us will see from a change in the exchange rate of the Iraqi dinar are small compared to what larger institutions will realize. This is something that happens every day, and that’s not particularly important. What IS important is this; [post 1 of 2....stay tuned]
2-28-2019 Intel Guru RayRen98 ...We now have a confirmation 35 dinar equals US $100 which means there is a live rate of two dollars and 86. We wait and wait and wait but it’s going to be here at a much higher rate. [Update] RECEIVED ANOTHER ACKNOWLEDGEMENT OF 35 DINAR = $100 US IN IRAQ...ANOTHER GOOD SOURCE.
2-27-2019 Guest Guru BobTheTaxMan …But my suggestion would be don’t mess with it. take the conservative side. File it as ordinary income. Pay your taxes that’s on it. And keep your ear to the ground. Any kind of new changes that are going to come out in this particular arena the dinar crowd is going to pick it up and run like crazy with it. But most importantly if you have a half decent attorney or CPA who’s familiar with Forex they’re going to say “Guess, what?!” and then you go back and amend the return. So if you amend the return. You’ll get back the amount of money you didn’t have to pay taxes on PLUS you’ll get interest from the federal government and if your state…has an income tax they have to pay you interest as well. Hmmm…sounds like a good plan to me. The thing I like about it is that I don’t want to have to walk around downtown looking over my shoulder worrying about the IRS getting on my case….My invitation is to realize that if you elect to file capital gains you’re walking the line. That line could turn and snap you. If it does snap you it’s going to cost you more money. If you take the line and be more conservative and pay it as ordinary income whatever initial taxes you paid you have three years to recover. And within three years they’ll be some sort of an answer that will be well known…let it go. I assure you you’ll be a lot happier… [Post 4 of a lot]
2-27-2019 Newshound Guru Currency365 WE ARE OFFICIALLY IN GREEN LIGHT HIGH ALERT.
2-27-2019 Intel Guru MarkZ ...yesterday’s report from the bank in S.Carolina showing a rate of over $4 turned out to be on the Kuwait Dinar and not the Iraqi Dinar…it was a smaller bank is a little town and a new teller. That bank is embarrassed they got folks hopes up and I feel bad that this turned out to be false excitement. And that sucks that we have gotten way to used to disappointments…noone should have to go through what we have for years. ... I am All my sources are still ramped up and ready to go to the prom…everything is in place…we are just waiting …but they still feel its at any time really...hoping we get more news today…I will let you know…hopefully tonight.
2-27-2019 Newshound Guru Adam Montana I'd say things are still pointed the right direction. OIL took a tiny step backwards, but still tracking for a win if my target of $60 is correct. In addition to what I'm hearing from the other side of the pond, and what my own experience and insights conclude, I still believe that $60 mark is where we want to be headed. Hitting that price, on the current trajectory, is solid evidence of stability in the markets and will be reassuring to the CBI so they can take some bold steps. There is a low rumble off in the distance that sounds like an HCL thunderstorm, so we'll keep an eye on that.
2-27-2019 Intel Guru Bruce I have heard timeframes. We try not to call it...but I feel that we are down to the final couple of days for us to get started...From every bit of information I have gotten some people have it within 24 hours. Some have it within couple of days. I have specific times when I am supposed to be notified...We will see how they come thru and what happens. ...we are right smack in the middle of this right now. It might be just 24 hours to 48 hours before we go. So we are right there. ...Hang in there a few days longer and you guys will be golden. I know you are excited and I am excited by it... [post 2 of 2]
2-27-2019 Intel Guru Bruce There was a meeting in the White House, let’s call it that, with 5 key people one of which was our President...Documents were signed. At that point things were put off motion in a very real way... Since then what has happened is the Dinar came out. It was rolled out and it was officially recognized in- country...now today at a rate of $6.73. That is an in-country rate for the dinar. That is pretty strong. Our rate here on our front screen could be higher than that... substantially higher... Also the Dong was a little bit slower. It came up Sunday afternoon... It started and it was coming a little lower than it had been but it is still moving in an upward direction. So we can’t say it is not going to get back up to where we said it was. [post 1 of 2....stay tuned]
2-27-2019 Guest Guru BobTheTaxMan It does not qualify [reference post 2] …I’m going to make it real simple for you. My research has shown this…It’s going to be treated as ordinary income and that’s that. Now, what would happen if you elected to do it as capital gains and file your return? Here’s what will happen…if you are incorrect and it comes back it will take two years before you hear from them. The amount of penalties and interest that is going to be accumulated over that two year time frame is…going to be big. So you have a choice. On my side I tell people treat it as ordinary income. Yeah you’re going to pay more taxes. That’s true you’re going to pay more taxes on it but I do know this much, within 3 years, because you have three years to amend that return to get money back, within three years somewhere along the line someone is going to get a Letter of Definition from the IRS that definitively says this is how we’re taxing it...and/or there might be rule changes in the IRS that converts this from ordinary income to capital gains. That might happen. I’ve seen it before. [Post 3 of a lot]
2-27-2019 Newshound Guru Currency365 WE ARE OFFICIALLY IN GREEN LIGHT HIGH ALERT.
2-27-2019 Intel Guru MarkZ ...yesterday’s report from the bank in S.Carolina showing a rate of over $4 turned out to be on the Kuwait Dinar and not the Iraqi Dinar…it was a smaller bank is a little town and a new teller. That bank is embarrassed they got folks hopes up and I feel bad that this turned out to be false excitement. And that sucks that we have gotten way to used to disappointments…noone should have to go through what we have for years. ... I am All my sources are still ramped up and ready to go to the prom…everything is in place…we are just waiting …but they still feel its at any time really...hoping we get more news today…I will let you know…hopefully tonight.
2-27-2019 Newshound Guru Adam Montana I'd say things are still pointed the right direction. OIL took a tiny step backwards, but still tracking for a win if my target of $60 is correct. In addition to what I'm hearing from the other side of the pond, and what my own experience and insights conclude, I still believe that $60 mark is where we want to be headed. Hitting that price, on the current trajectory, is solid evidence of stability in the markets and will be reassuring to the CBI so they can take some bold steps. There is a low rumble off in the distance that sounds like an HCL thunderstorm, so we'll keep an eye on that.
2-27-2019 Intel Guru Bruce I have heard timeframes. We try not to call it...but I feel that we are down to the final couple of days for us to get started...From every bit of information I have gotten some people have it within 24 hours. Some have it within couple of days. I have specific times when I am supposed to be notified...We will see how they come thru and what happens. ...we are right smack in the middle of this right now. It might be just 24 hours to 48 hours before we go. So we are right there. ...Hang in there a few days longer and you guys will be golden. I know you are excited and I am excited by it... [post 2 of 2]
2-27-2019 Intel Guru Bruce There was a meeting in the White House, let’s call it that, with 5 key people one of which was our President...Documents were signed. At that point things were put off motion in a very real way... Since then what has happened is the Dinar came out. It was rolled out and it was officially recognized in- country...now today at a rate of $6.73. That is an in-country rate for the dinar. That is pretty strong. Our rate here on our front screen could be higher than that... substantially higher... Also the Dong was a little bit slower. It came up Sunday afternoon... It started and it was coming a little lower than it had been but it is still moving in an upward direction. So we can’t say it is not going to get back up to where we said it was. [post 1 of 2....stay tuned]
2-27-2019 Guest Guru BobTheTaxMan It does not qualify [reference post 2] …I’m going to make it real simple for you. My research has shown this…It’s going to be treated as ordinary income and that’s that. Now, what would happen if you elected to do it as capital gains and file your return? Here’s what will happen…if you are incorrect and it comes back it will take two years before you hear from them. The amount of penalties and interest that is going to be accumulated over that two year time frame is…going to be big. So you have a choice. On my side I tell people treat it as ordinary income. Yeah you’re going to pay more taxes. That’s true you’re going to pay more taxes on it but I do know this much, within 3 years, because you have three years to amend that return to get money back, within three years somewhere along the line someone is going to get a Letter of Definition from the IRS that definitively says this is how we’re taxing it...and/or there might be rule changes in the IRS that converts this from ordinary income to capital gains. That might happen. I’ve seen it before. [Post 3 of a lot]
2-26-2019 Intel Guru MarkZ A local bank in N. Carolina was said to be showing a rate of $4. Then it disappeared when they came back to exchange. We are sending people to local banks today and see if we can get anyone to exchange today... We want to see how many of them may have value showing on their screens and if any of them are willing to exchange. [what about 800# release for private appt...is that real or no?] 800# yes I believe they are a real thing... You will have a number of banks with their own 800 #s hoping you will come to them…I feel once we get 800 numbers it will take a couple days to make appointments...I always thought that it would be best to do this over a weekend…even a 3 day weekend because it would be better for liquidity...but there is no 3 day weekend soon which means they will just have to work harder and faster. ...I think we are on the cusp of everything happening and if I get news I will let you know.
2-26-2019 Guest Guru BobTheTaxMan 1. I have had a lot of people send me email saying, “ This person is saying this is going to be capital gains and NOT be ordinary income.” I’ve even been sent long convoluted processes someone has created for being able to move money in different ways so that the categorization was redone. I’ll tell you from my own studies, one of the things when I got into this thing over a decade ago…I spent a lot of time researching it. I contacted Several of my financial advisors who worked with their tax attorneys. I got the leading CPA of the east coast who deals in Foex currency exchanges and his research came up with the exact same thing that the attorneys came up with. And that is there are two ways that people might misconstrue that this is supposed to be taxed as capital gains. I can tell you right now from the research they did and my own research the dinar does NOT qualify. [Post 2 of a lot]
2-26-2019 Guest Guru BobTheTaxMan For those of us who have been riding this cotton picking train of the dinar for so long you couldn’t get a better tax opportunity than we have now. It’s just absolutely freaking amazing what we have. The new rules brought in under the Trump Administration give us so much leeway and so much opportunity to be able to save on taxes, to share this with everyone we love, less consequences. The whole tax planning game has changed immensely because of the changes in 2018 and 2019…As Paul Harvey used to say, “Here’s the rest of the story.” There are some things about the IRS, particularly those who come into a lot of money in a hurry that have certain triggering points. I’ve got three of those I want to talk to you about. [Post 1 of A lot]
2-26-2019 Intel Guru Frank26 [via Clare] The Language Iraq is using, is International & they wouldn't be allowed by the Fab 4 if the announcement was not close...The International world has read what you & I have not, yet...3 sources spotting small's (lower denoms) ...Testing was successful for the Dinar to travel around the world internationally. WS [Guru Walkingstick] said they are test driving the new rate of the IQD. Testing converters!!
2-26-2019 Intel Guru MarkZ [...is the need to be in a group necessary?] I have talked to so many bankers on this. They all agree you do not have to be in a group to exchange...
2-26-2019 Guest Guru BobTheTaxMan 1. I have had a lot of people send me email saying, “ This person is saying this is going to be capital gains and NOT be ordinary income.” I’ve even been sent long convoluted processes someone has created for being able to move money in different ways so that the categorization was redone. I’ll tell you from my own studies, one of the things when I got into this thing over a decade ago…I spent a lot of time researching it. I contacted Several of my financial advisors who worked with their tax attorneys. I got the leading CPA of the east coast who deals in Foex currency exchanges and his research came up with the exact same thing that the attorneys came up with. And that is there are two ways that people might misconstrue that this is supposed to be taxed as capital gains. I can tell you right now from the research they did and my own research the dinar does NOT qualify. [Post 2 of a lot]
2-26-2019 Guest Guru BobTheTaxMan For those of us who have been riding this cotton picking train of the dinar for so long you couldn’t get a better tax opportunity than we have now. It’s just absolutely freaking amazing what we have. The new rules brought in under the Trump Administration give us so much leeway and so much opportunity to be able to save on taxes, to share this with everyone we love, less consequences. The whole tax planning game has changed immensely because of the changes in 2018 and 2019…As Paul Harvey used to say, “Here’s the rest of the story.” There are some things about the IRS, particularly those who come into a lot of money in a hurry that have certain triggering points. I’ve got three of those I want to talk to you about. [Post 1 of A lot]
2-26-2019 Intel Guru Frank26 [via Clare] The Language Iraq is using, is International & they wouldn't be allowed by the Fab 4 if the announcement was not close...The International world has read what you & I have not, yet...3 sources spotting small's (lower denoms) ...Testing was successful for the Dinar to travel around the world internationally. WS [Guru Walkingstick] said they are test driving the new rate of the IQD. Testing converters!!
2-26-2019 Intel Guru MarkZ [...is the need to be in a group necessary?] I have talked to so many bankers on this. They all agree you do not have to be in a group to exchange...
2-24-2019 Newshound Guru Don961 Article: "Iran : The busy days of ATMs / new banknotes began" imo ... this may be a sample of the type of article we may witness concerning Iraq's currency in ATMs in the future ...freely speaking about new banknotes being distributed ... plain language ... no guessing ... no cryptic language or meanings ... just business as usual ...
2-25-2019 Intel Guru MarkZ ...I have been asked not
to talk about certain topics that could jeopardize my sources or the RV process.
It’s a matter of security. Just know there is movement and momentum...
I am hearing rumors that the rate has gone from the mid $4’s for us to
the higher $6’s. This rumor is coming from out in the desert area (the
middle east) . What we are really going to get- I don’t know but it’s exciting
to see movement. [...in your opinion will we see it this
month?] I do believe we will see it this month…..its going to be
close to the crossover into March but we will see it IMO...I have to
say this “any minute” waiting is driving me nuts…but I am very excited
for where we are now. ...Hope to get more news tonight and I will let
you all know. stay positive and will see you all soon. [post 2 of 2]
2-25-2019 Intel Guru MarkZ ...We do not have Asset backed yet…we are close…they are moving and shuffling and putting so much in place…I am looking for a lot to happen this week ..especially with Trump being gone. We have always heard that the President needs to be out of country when this happens..and we always heard it would happen when he was over international waters most likely. [...do you think the China trade agreement has a lot to do with what we are waiting for as far as the RV?] Yes I do…. I think it has a lot to do with what we are waiting for. ...I actually get to see the forward movement. And since I know the people actually implementing things behind the scene is why I am so excited. [post 1 of 2....stay tuned]
2-25-2019 Intel Guru Delta NOTHING MAKE SENSE WITH IRAQ...LOL... BUT IMO IT'S COMING...
2-25-2019 Newshound Guru MilitiaMan Article: "Report: More than one million people visited the Baghdad International Fair" If one were to have watched Trump talking to the Farmer on Friday, one may want to smile. Trade. Fair Trade...
2-25-2019 Intel/Newshound Guru sandyf ...It is fairly obvious over the last 12 years that the CBI have been considering a redenomination but other factors have got in the way and it has been pushed down the list of priorities. Little point bringing a Bill to parliament if other items on the agenda are more important. Every year we see how they struggle to get agreement on the budget, if the redenomination bill ever sees the light of day it will not be an easy passage and may well get hung up indefinately...
2-25-2019 Intel Guru MarkZ ...We do not have Asset backed yet…we are close…they are moving and shuffling and putting so much in place…I am looking for a lot to happen this week ..especially with Trump being gone. We have always heard that the President needs to be out of country when this happens..and we always heard it would happen when he was over international waters most likely. [...do you think the China trade agreement has a lot to do with what we are waiting for as far as the RV?] Yes I do…. I think it has a lot to do with what we are waiting for. ...I actually get to see the forward movement. And since I know the people actually implementing things behind the scene is why I am so excited. [post 1 of 2....stay tuned]
2-25-2019 Intel Guru Delta NOTHING MAKE SENSE WITH IRAQ...LOL... BUT IMO IT'S COMING...
2-25-2019 Newshound Guru MilitiaMan Article: "Report: More than one million people visited the Baghdad International Fair" If one were to have watched Trump talking to the Farmer on Friday, one may want to smile. Trade. Fair Trade...
2-25-2019 Intel/Newshound Guru sandyf ...It is fairly obvious over the last 12 years that the CBI have been considering a redenomination but other factors have got in the way and it has been pushed down the list of priorities. Little point bringing a Bill to parliament if other items on the agenda are more important. Every year we see how they struggle to get agreement on the budget, if the redenomination bill ever sees the light of day it will not be an easy passage and may well get hung up indefinately...
2-23-2019 Intel Guru MarkZ ...I have to say I’m seeing so much happening right now that we have never seen before in the past…we are seeing so much activity behind the scenes in the last 2 months…a crazy amount of movement we can measure. I am excited for right now...I am hearing everything a Go, now just need to see it...everyone I’ve spoken with is excited for tonight and the next 24 hours...I feel we are literally in a moment to moment wait to see the RV...If I hear any news – if any of the things we are expecting to happen today do happen…..I will be sure to update everyone. [post 2 of 2]
2-23-2019 Intel Guru MarkZ …everyone is very excited and hope things start happening tonight. Could be a very exciting 24 hours. More confirmations we are right on top of this..some things I can't talk about...Amazing good news out of Iraq this weekend. They were expecting an announcement sometime today… the PTB doing their absolute best not to share so people won't know when it starts or try to throw a curve ball into things again. [post 1 of 2....stay tuned]
2-23-2019 Newshound Guru Kaperoni Some still want to believe in an overnight event such as a RV or RI. But it is physically impossible for the CBI do such a thing. To much money in circulation, could never afford it, nor does it make any scientific/logical sense. What does make sense is for Iraq to raise the value gradually. Such an event would allow for the reduction of dinar, allow for the CBI to profit from the appreciation and reduce inflation as investors/investment comes into Iraq.
2-23-2019 Newshound Guru EHankins "REPORT: IRAQ ANNOUNCES THE DISMANTLING OF THE LARGEST FUNDING NETWORK FOR "DAHESH" Quote: "A recent report said that the State of Iraq announced the dismantling of the largest funding network of the group "Daash" terrorist." ...stopping the thievery and future potential corruption obviously is a very wise move of opportunity just imagine the possibilities of what the bad guys could have would have done with the stronger dinar when the RI happened ... It is extremely encouraging seeing them stopped...
2-23-2019 Intel Guru MarkZ …everyone is very excited and hope things start happening tonight. Could be a very exciting 24 hours. More confirmations we are right on top of this..some things I can't talk about...Amazing good news out of Iraq this weekend. They were expecting an announcement sometime today… the PTB doing their absolute best not to share so people won't know when it starts or try to throw a curve ball into things again. [post 1 of 2....stay tuned]
2-23-2019 Newshound Guru Kaperoni Some still want to believe in an overnight event such as a RV or RI. But it is physically impossible for the CBI do such a thing. To much money in circulation, could never afford it, nor does it make any scientific/logical sense. What does make sense is for Iraq to raise the value gradually. Such an event would allow for the reduction of dinar, allow for the CBI to profit from the appreciation and reduce inflation as investors/investment comes into Iraq.
2-23-2019 Newshound Guru EHankins "REPORT: IRAQ ANNOUNCES THE DISMANTLING OF THE LARGEST FUNDING NETWORK FOR "DAHESH" Quote: "A recent report said that the State of Iraq announced the dismantling of the largest funding network of the group "Daash" terrorist." ...stopping the thievery and future potential corruption obviously is a very wise move of opportunity just imagine the possibilities of what the bad guys could have would have done with the stronger dinar when the RI happened ... It is extremely encouraging seeing them stopped...
2-22-2019 Intel Guru Delta "REPORT: IRAQ ANNOUNCES THE DISMANTLING OF THE LARGEST FUNDING NETWORK FOR "DAHESH" Quote: "A recent report said that the State of Iraq announced the dismantling of the largest funding network of the group "Daash" terrorist." ...IMO THAT IS WHY THE CBI DID NOT RI YET... BUT NOW IT'S CLEAR TO GO...THIS IS HUGE...ALSO THEY WERE USING THE CBI AUCTIONS FOR FUNDING...THAT'S WHY IMO THEY HAVE TO STOP THE AUCTIONS ASAP..
2-22-2019 Newshound Guru Kaperoni ...the IMF cannot force CBI to do anything...that being said the CBI is a member in the IMF and agreed to the conditions of that membership and one of the conditions stated says member countries have to strive for Article VIII as soon as possible. So I do not think the CBI will drag their feet to meet move from Article XIV to VIII much longer when that is the intent in the plan.
2-22-2019 Intel Guru Bruce ...We are hearing really good information. We think this is it...I am telling you things are moving...This RV/GCR has been rolling out slowly since this past Monday. ...It is like that Heinz Catsup commercial, the Anticipation Song. The catsup is pouring out, but taking a long time to pour out. That is like what we are experiencing. ...I have been told to be alert...I do not know when it is going to happen, but I do feel good about where we are in the process. I told you I wasn’t going to call it, and so I am not. I can’t, because I could be wrong. I am excited as I ever been for this to go thru. [post 2 of 2]
2-22-2019 Intel Guru Bruce [via PinkRoses] There was an outside shot that we would get the start today [Thursday]. It did not happened. ...It didn’t happen because our lovely banks were not completely compliant...Wells Fargo, Bank of America, and Citibank were not complete or compliant with the RTGS...by 3:15 pm this afternoon [Thursday] all the major banks were compliant...That is why we couldn’t go today, but we could be in position to go after today. I think we can finally call Iraq complete. They started paying out their citizens last...Saturday or Sunday...paying them all at a new rate on their Qui cards. These were salaries. This was money that was paid as a result of the oil and gas law, the so called: HCL, Hydro Carbon Law... [post 1 of 2....stay tuned]
2-22-2019 Newshound Guru EHankins Article: "Signing a commercial economic agreement between Iraq and Kuwait" Quote: "the Iraqi-Kuwaiti agreement is a first step in the right direction to activate economic and trade relations and overcome the problems of the previous phase." [This is a significant piece to understanding where we are in the MR...we are at the doorstep to our reward. Just ask yourself, why was this done now and so quickly.] I couldn't agree more .... in my opinion this screams we indeed are on the other side .... both feet planted firmly because we have been prepared in advance.
2-22-2019 Intel Guru MarkZ [Do you feel the Iraq government must be fully seated before the RV can take place?] I absolutely say no. They have enough of a government seated. [Do you think we will RV before Prez gets back from China?] Yes I really think we will have the RV before then. I am still looking for the month of Feb. [Do you think this will be a taxable event?] From talking to many people at all levels of Gov and banking I do not think it will be a taxable event for the currencies. [Always consult with your tax professional at the appropriate time] [anything on the Dong?] I am still hearing the rate will be $2.00 to $2.20 on the dong. Hoping to have more news tomorrow [Friday].
2-22-2019 Newshound Guru Kaperoni ...the IMF cannot force CBI to do anything...that being said the CBI is a member in the IMF and agreed to the conditions of that membership and one of the conditions stated says member countries have to strive for Article VIII as soon as possible. So I do not think the CBI will drag their feet to meet move from Article XIV to VIII much longer when that is the intent in the plan.
2-22-2019 Intel Guru Bruce ...We are hearing really good information. We think this is it...I am telling you things are moving...This RV/GCR has been rolling out slowly since this past Monday. ...It is like that Heinz Catsup commercial, the Anticipation Song. The catsup is pouring out, but taking a long time to pour out. That is like what we are experiencing. ...I have been told to be alert...I do not know when it is going to happen, but I do feel good about where we are in the process. I told you I wasn’t going to call it, and so I am not. I can’t, because I could be wrong. I am excited as I ever been for this to go thru. [post 2 of 2]
2-22-2019 Intel Guru Bruce [via PinkRoses] There was an outside shot that we would get the start today [Thursday]. It did not happened. ...It didn’t happen because our lovely banks were not completely compliant...Wells Fargo, Bank of America, and Citibank were not complete or compliant with the RTGS...by 3:15 pm this afternoon [Thursday] all the major banks were compliant...That is why we couldn’t go today, but we could be in position to go after today. I think we can finally call Iraq complete. They started paying out their citizens last...Saturday or Sunday...paying them all at a new rate on their Qui cards. These were salaries. This was money that was paid as a result of the oil and gas law, the so called: HCL, Hydro Carbon Law... [post 1 of 2....stay tuned]
2-22-2019 Newshound Guru EHankins Article: "Signing a commercial economic agreement between Iraq and Kuwait" Quote: "the Iraqi-Kuwaiti agreement is a first step in the right direction to activate economic and trade relations and overcome the problems of the previous phase." [This is a significant piece to understanding where we are in the MR...we are at the doorstep to our reward. Just ask yourself, why was this done now and so quickly.] I couldn't agree more .... in my opinion this screams we indeed are on the other side .... both feet planted firmly because we have been prepared in advance.
2-22-2019 Intel Guru MarkZ [Do you feel the Iraq government must be fully seated before the RV can take place?] I absolutely say no. They have enough of a government seated. [Do you think we will RV before Prez gets back from China?] Yes I really think we will have the RV before then. I am still looking for the month of Feb. [Do you think this will be a taxable event?] From talking to many people at all levels of Gov and banking I do not think it will be a taxable event for the currencies. [Always consult with your tax professional at the appropriate time] [anything on the Dong?] I am still hearing the rate will be $2.00 to $2.20 on the dong. Hoping to have more news tomorrow [Friday].
2-21-2019 Intel Guru ADMINBILL The process is moving and in a critical juncture. I "expect" the good news to continue with a conclusion as early as the next 10 days for the public.
2-21-2019 Newshound Guru Kaperoni Yes. I do believe they will begin currency reform this year.
2-21-2019 Newshound Guru Adam Montana Article: "Iraqi PM aide: State of Erbil-Baghdad ties 'never better' " Baghdad and the Kurds getting along is something we've waited a LONG time to see! That kind of statement was unthinkable just a year or two ago.
2-21-2019 Intel Guru MarkZ They are 100% ready in Iraq , and 90% of all their problems are going to disappear as soon as the RV happens…In Iraq they were expecting it Monday and expecting it yesterday…they are still expecting it today . In Iraq they are asking folks to give up the USD’s and use those cards. The rumors are folks in Iraq have exchanged but no confirmation...my contacts say the rate still has not changed even though they are all talking about it on the TV and in the news...Everything is totally ready to go...they just need to release it all... I will be shaking the trees and rattling the cages all day today to find out some news.
2-21-2019 Intel Guru Delta IQD EXCHANGE RATE IN IRAQI MARKET....
17-Feb- 1193.144- 1193.114
18-Feb- 1193.091- 1193.054
19-Feb- 1193.095- 1193.055
20-Feb- 1193.008- 1192.987
[ <---- Note: You can see the latest Official Rate and Market Rate of the dinar in the Recourse Bar on the left of this page. <---- ]
2-21-2019 Newshound Guru Kaperoni Yes. I do believe they will begin currency reform this year.
2-21-2019 Newshound Guru Adam Montana Article: "Iraqi PM aide: State of Erbil-Baghdad ties 'never better' " Baghdad and the Kurds getting along is something we've waited a LONG time to see! That kind of statement was unthinkable just a year or two ago.
2-21-2019 Intel Guru MarkZ They are 100% ready in Iraq , and 90% of all their problems are going to disappear as soon as the RV happens…In Iraq they were expecting it Monday and expecting it yesterday…they are still expecting it today . In Iraq they are asking folks to give up the USD’s and use those cards. The rumors are folks in Iraq have exchanged but no confirmation...my contacts say the rate still has not changed even though they are all talking about it on the TV and in the news...Everything is totally ready to go...they just need to release it all... I will be shaking the trees and rattling the cages all day today to find out some news.
2-21-2019 Intel Guru Delta IQD EXCHANGE RATE IN IRAQI MARKET....
17-Feb- 1193.144- 1193.114
18-Feb- 1193.091- 1193.054
19-Feb- 1193.095- 1193.055
20-Feb- 1193.008- 1192.987
[ <---- Note: You can see the latest Official Rate and Market Rate of the dinar in the Recourse Bar on the left of this page. <---- ]
2-20-2019 Intel/Newshound Guru sandyf ...The question of tariffs has come up many times over the years and it is all about Iraq's application to join the WTO. Iraq cannot become a WTO member without a unified tariff profile.
2-20-2019 Newshound Guru chattels Article: "Iraq strengthens its reserves of gold to 96 tons" Countries such as Iraq, India, China and Kazakhstan were among the top gold buyers in 2018. According to data, Iraq increased its reserves last year by 6.45 tons, bringing its total gold holdings to 96.3 tons.
2-20-2019 Intel Guru MarkZ It’s Wait and See Wednesday today. We still do not have word from Iraq whether or not the rate has changed. Hope to know more this afternoon. In the banking system – they are still expectant for anytime. Big banks are all done and ready with the new banking system. Regional banks are scheduled to be done updating to new banking system mid-March. We are planning on using the big banks to exchange and they are ready.
2-20-2019 Newshound Guru Adam Montana I spend hours every day researching and communicating with my people on the Iraqi Dinar, international business, asset protection, etc...There are people I work with who know how important it is to get me my information by Tuesday, and are extremely dedicated to their roles... Today is short and sweet. There is nothing negative to report - Parliament is working, OIL is still going the right way, and my gut tells me they are just kicking a few last details around. If something counter productive were to happen right now, I'd take a harder look at things... but that's not the case. Everything is lining up! Parliament: still working, and working effectively. OIL: still moving towards $60, and doing it steadily. The only thing we can ask for right now is that BOOM! HCL news. Keep your heads on straight! This really feels like the home stretch.
2-20-2019 Intel Guru Bruce ...the sources we normally have are sending icons with zipped up mouths. It is like nope, zipped up, can’t communicate, can’t talk. To me that is a great sign. That tells us things are going on behind the scenes. ...It is done for our own safety and security. I am sure the security of the timing not only for us, but for banks, financial institutions, for many reasons, and so it is kind of quiet out there for a reason. I am excited...I know we are very close. [post 2 of 2]
2-20-2019 Intel Guru Bruce Iraq is pretty much out of the conversation. All we are looking Iraq for now is where are their rates. We are seeing movement on the screens today. We seen where they have reached a certain point and then start backing down a little bit. Same thing on the Dong. ... something on the front screens about $5.00 or so on the Dong right now and somewhere in the $5.60 - $5.70 range on the Dinar. The Vietnamese Dong may end up when it settles in being within 10% of the Dinar. ...We are hearing very good things about this being our week... I feel like where we are with everything that is moving forward that we are in that zone. We are in the red zone. [post 1 of 2....stay tuned]
2-20-2019 Newshound Guru chattels Article: "Iraq strengthens its reserves of gold to 96 tons" Countries such as Iraq, India, China and Kazakhstan were among the top gold buyers in 2018. According to data, Iraq increased its reserves last year by 6.45 tons, bringing its total gold holdings to 96.3 tons.
2-20-2019 Intel Guru MarkZ It’s Wait and See Wednesday today. We still do not have word from Iraq whether or not the rate has changed. Hope to know more this afternoon. In the banking system – they are still expectant for anytime. Big banks are all done and ready with the new banking system. Regional banks are scheduled to be done updating to new banking system mid-March. We are planning on using the big banks to exchange and they are ready.
2-20-2019 Newshound Guru Adam Montana I spend hours every day researching and communicating with my people on the Iraqi Dinar, international business, asset protection, etc...There are people I work with who know how important it is to get me my information by Tuesday, and are extremely dedicated to their roles... Today is short and sweet. There is nothing negative to report - Parliament is working, OIL is still going the right way, and my gut tells me they are just kicking a few last details around. If something counter productive were to happen right now, I'd take a harder look at things... but that's not the case. Everything is lining up! Parliament: still working, and working effectively. OIL: still moving towards $60, and doing it steadily. The only thing we can ask for right now is that BOOM! HCL news. Keep your heads on straight! This really feels like the home stretch.
2-20-2019 Intel Guru Bruce ...the sources we normally have are sending icons with zipped up mouths. It is like nope, zipped up, can’t communicate, can’t talk. To me that is a great sign. That tells us things are going on behind the scenes. ...It is done for our own safety and security. I am sure the security of the timing not only for us, but for banks, financial institutions, for many reasons, and so it is kind of quiet out there for a reason. I am excited...I know we are very close. [post 2 of 2]
2-20-2019 Intel Guru Bruce Iraq is pretty much out of the conversation. All we are looking Iraq for now is where are their rates. We are seeing movement on the screens today. We seen where they have reached a certain point and then start backing down a little bit. Same thing on the Dong. ... something on the front screens about $5.00 or so on the Dong right now and somewhere in the $5.60 - $5.70 range on the Dinar. The Vietnamese Dong may end up when it settles in being within 10% of the Dinar. ...We are hearing very good things about this being our week... I feel like where we are with everything that is moving forward that we are in that zone. We are in the red zone. [post 1 of 2....stay tuned]
2-19-2019 *** Dinar Guru News Update *** The CBI has crossed the 2% for 90 Days rule for the Iraq Exchange Market. The CBI had accomplished this for the Baghdad Market last summer. The CBI began reporting the Iraq Market rate on November 14, 2018 which included three decimal places. You can follow the Official rate and Market rate in the left column of this page. Some gurus feel these rate must be within 2% of each other before the IMF can consider the dinar for Article VIII. Stay tuned as the gurus chime in on the significance of this milestone. The latest guru post will continue below...
2-19-2019 Newshound Guru chattels Article: "Tuesday, February 19, 2019 Security In Iraq Feb 8-14, 2019" There was another week with few security incidents in Iraq. For almost four months now the country has averaged 20-30 security events each week and the second week of February was no different.
2-19-2019 Newshound Guru Kaperoni If and when the CBI begins to float the dinar it could take 6 months to 2 years to delete the zeros (raise the value enough where the zeros are gone). Remember if the CBI is going to do this event it will be in conjunction with investment capital coming to Iraq. The more capital the greater the inflationary pressure meaning the faster it could rise. The 2012 IMF Article IV Consultation with Iraq descibed the process and event as the Balassa-Samuelson effect.
2-19-2019 Intel Guru MarkZ To me its always been a question of “when” not “if” as I have seen so much going on in the background of this. I am very hyped up to see a change in value in Iraq this week. My contact in Iraq (Stewart) is hearing it may happen on Wednesday. ...Rates we all still hearing are $4:40 dinar …..$2 -2.20 dong… I believe the banks will be perfectly safe to exchange into. They have done so many upgrades and testing...I would not be worried to use the banks. I definitely do not think we will get out of February without seeing the RV.
2-19-2019 Intel Guru Delta [IMO, Once we see the Cab. members seated, we will see 3 zero deleted.] HOW ABOUT WHEN WE SEE 3 ZEROS DELETED...WILL SEE CAB MEMBER SEATED...
2-19-2019 Newshound Guru Kaperoni Things have been pretty uneventful...the last few weeks or so because Parliament has been on recess. Look for things to pick up in March...
2-19-2019 Newshound Guru Kaperoni If and when the CBI begins to float the dinar it could take 6 months to 2 years to delete the zeros (raise the value enough where the zeros are gone). Remember if the CBI is going to do this event it will be in conjunction with investment capital coming to Iraq. The more capital the greater the inflationary pressure meaning the faster it could rise. The 2012 IMF Article IV Consultation with Iraq descibed the process and event as the Balassa-Samuelson effect.
2-19-2019 Intel Guru MarkZ To me its always been a question of “when” not “if” as I have seen so much going on in the background of this. I am very hyped up to see a change in value in Iraq this week. My contact in Iraq (Stewart) is hearing it may happen on Wednesday. ...Rates we all still hearing are $4:40 dinar …..$2 -2.20 dong… I believe the banks will be perfectly safe to exchange into. They have done so many upgrades and testing...I would not be worried to use the banks. I definitely do not think we will get out of February without seeing the RV.
2-19-2019 Intel Guru Delta [IMO, Once we see the Cab. members seated, we will see 3 zero deleted.] HOW ABOUT WHEN WE SEE 3 ZEROS DELETED...WILL SEE CAB MEMBER SEATED...
2-19-2019 Newshound Guru Kaperoni Things have been pretty uneventful...the last few weeks or so because Parliament has been on recess. Look for things to pick up in March...
2-18-2019 Intel Guru RayRen98 [via smitty76] BANK SOURCE CALLED THIS MORNING - SAID GET READY FOR AN EXCITING WEEK! ...TIME WILL TELL.
2-18-2019 Intel Guru Delta [Delta you are saying the T&T [Taxes & Tariffs are FULLY implemented as of now?] YES. [May I ask if you have seen a rate change on the Arabic side of the CBI? With T & T fired off I would expect that the rate change should AT LEAST be showing on the Arabic side of the CBI according to what we all believe to be happening.] NOT YET... [May I ask if you have seen or heard anything regarding the Iraqi citizens and their reactions to the new price increases? ] ...IT MIGHT TAKE A WEEK OR SO UNTIL CITIZENS FEEL IT...BUT IT'S COMING.
2-18-2019 Intel Guru MarkZ I was told yesterday that we would see all kinds of movement on all fronts and we are scratching our heads today because we didn’t see what we expected...I am reaching out to many sources...we were very much expecting it this weekend...We are still expecting it for the week...I really believe we are that close...I have good sources in Iraq and Iraq has a lot going on but they are hiding info about the RV. We hope to know lots more later today.
2-18-2019 Newshound/Intel Guru Mnt Goat I want to make one other point here too and that is the connection of the RV to the Iranian influence and militias. So how can they stop the auctions and launch the lower denoms and thus raise the rate if the militias are going to cause trouble and spread counterfeit currency only causing a disaster in the dinar rate anyhow. So like I have been saying all along, they must get rid of the Iranian influence if they are ever going to RV. [post 2 of 2]
2-18-2019 Intel Guru RayRen98 Iraq is reporting that the vote on the cabinet will be completed at the first session in March. Parliament is to host Saleh and Mahdi at its first session on March 4 to develop strategies and maneuvers for combating corruption. All of the Green Zone will be open for 24 hours on a "test" basis. The Tariffs and Taxes supposedly started today, details are still difficult to obtain.
2-18-2019 Intel Guru Delta VERY INTERESTING NEVER SEEN THIS BEFORE...
Iraq customs
Apply for visa
Free import
• 200 cigarettes or
• 50 cigars or
• 250 grammes of tobacco
• Up to 1 litre in wines or spirits
• 500 ml of perfume in two small opened bottles
• Up to 25 Dinars can be imported and sums no greater than 5 Dinars can be exported out of the country.
[...with program rate on dinars why bother with the export of dinars or import of dinars.] [...the CBI still says 1190...] IMO NOT FOR LONG...
2-18-2019 Intel Guru Delta [Delta you are saying the T&T [Taxes & Tariffs are FULLY implemented as of now?] YES. [May I ask if you have seen a rate change on the Arabic side of the CBI? With T & T fired off I would expect that the rate change should AT LEAST be showing on the Arabic side of the CBI according to what we all believe to be happening.] NOT YET... [May I ask if you have seen or heard anything regarding the Iraqi citizens and their reactions to the new price increases? ] ...IT MIGHT TAKE A WEEK OR SO UNTIL CITIZENS FEEL IT...BUT IT'S COMING.
2-18-2019 Intel Guru MarkZ I was told yesterday that we would see all kinds of movement on all fronts and we are scratching our heads today because we didn’t see what we expected...I am reaching out to many sources...we were very much expecting it this weekend...We are still expecting it for the week...I really believe we are that close...I have good sources in Iraq and Iraq has a lot going on but they are hiding info about the RV. We hope to know lots more later today.
2-18-2019 Newshound/Intel Guru Mnt Goat I want to make one other point here too and that is the connection of the RV to the Iranian influence and militias. So how can they stop the auctions and launch the lower denoms and thus raise the rate if the militias are going to cause trouble and spread counterfeit currency only causing a disaster in the dinar rate anyhow. So like I have been saying all along, they must get rid of the Iranian influence if they are ever going to RV. [post 2 of 2]
2-18-2019 Intel Guru RayRen98 Iraq is reporting that the vote on the cabinet will be completed at the first session in March. Parliament is to host Saleh and Mahdi at its first session on March 4 to develop strategies and maneuvers for combating corruption. All of the Green Zone will be open for 24 hours on a "test" basis. The Tariffs and Taxes supposedly started today, details are still difficult to obtain.
2-18-2019 Intel Guru Delta VERY INTERESTING NEVER SEEN THIS BEFORE...
Iraq customs
Apply for visa
Free import
• 200 cigarettes or
• 50 cigars or
• 250 grammes of tobacco
• Up to 1 litre in wines or spirits
• 500 ml of perfume in two small opened bottles
• Up to 25 Dinars can be imported and sums no greater than 5 Dinars can be exported out of the country.
[...with program rate on dinars why bother with the export of dinars or import of dinars.] [...the CBI still says 1190...] IMO NOT FOR LONG...
2-17-2019 Intel Guru MarkZ In Iraq: I have heard from a contact, not my contact.. they are saying there is all kinds of movements and announcements, but it’s being covered up for now. The people in Iraq were expecting to see big things this weekend on their monitary policy. I am still very excited to see the RV at any time….and I am not one to call it everyday. ...If the US keeps dragging their feet about releasing the RV- Iraq can just do it….they are already asset backed. They have been patient but Iraq’s patience is almost gone.
2-17-2019 Newshound/Intel Guru Mnt Goat Article: "THE FUTURE FATE OF THE IRAQI CURRENCY AUCTIONS" ...these currency auctions are doing more harm to Iraq than good. They are no longer necessary and outlived their usefulness. They were supposed to help Iraq get through the sanctions but apparently now they are helping Iran through their sanctions using Iraqi funds. ...when the CBI tells us there is still POLITICAL INSTABILITY and ECONOMIC INSTABILITY this is what they mean. So now we get some insight as to what they have been saying all along. We now know the situation as to why the NSA stopped the RV twice in January. [post 1 of 2....stay tuned]
2-17-2019 Newshound Guru MilitiaMan Article: "Customs: We will begin the unification of customs procedures at all ports as of tomorrow" ...They moved it up from the 17th, so for those that suggest Iraq is always late, they in fact this time early... I love that pattern change.. Bring on the lifting of the exchange rate with no lag time.. lol …Then we await the lifting of the three zeros from the exchange rate, thus, CBI should be screaming at us...lol.
2-17-2019 Newshound/Intel Guru Mnt Goat Article: "THE FUTURE FATE OF THE IRAQI CURRENCY AUCTIONS" ...these currency auctions are doing more harm to Iraq than good. They are no longer necessary and outlived their usefulness. They were supposed to help Iraq get through the sanctions but apparently now they are helping Iran through their sanctions using Iraqi funds. ...when the CBI tells us there is still POLITICAL INSTABILITY and ECONOMIC INSTABILITY this is what they mean. So now we get some insight as to what they have been saying all along. We now know the situation as to why the NSA stopped the RV twice in January. [post 1 of 2....stay tuned]
2-17-2019 Newshound Guru MilitiaMan Article: "Customs: We will begin the unification of customs procedures at all ports as of tomorrow" ...They moved it up from the 17th, so for those that suggest Iraq is always late, they in fact this time early... I love that pattern change.. Bring on the lifting of the exchange rate with no lag time.. lol …Then we await the lifting of the three zeros from the exchange rate, thus, CBI should be screaming at us...lol.
2-16-2019 Intel Guru Frank26 Article: "Customs: We will begin the unification of customs procedures at all ports as of tomorrow" CAN YOU SAY INTERNATIONALISM ? YES I CAN...SO CAN IRAQ!! AND BTW...TOLD YOU SO...LOL.
2-16-2019 Intel Guru Delta Article: "Customs: We will begin the unification of customs procedures at all ports as of tomorrow" Mawazine News. published the new pricing of customs in all ports of Iraq custom base on international code...pricing base on international code.
2-16-2019 Intel Guru MarkZ I am still hearing there will be no taxes on Dinar and dong exchanges...There is a tax treaty involved with this. [Always consult with your tax professional at the appropriate time] ...Waiting for news out of Iraq...hopefully we will hear by tonight. Expecting to see news from [Guru] Frank26...he is the best source on Iraq...expecting a whole lot out of CBI today...I am also hearing there will be great security at the bank..and in the parking lot...I am not worried about security...There is a good chance I will be doing another update today. Based on what I'm hearing and reading...As far as rates I am hearing street rate dinar 4.43 dong..2.20 to 2.25. Hopefully I will know more later today... [post 2 of 2]
2-16-2019 Intel Guru MarkZ I was told years ago during the Obama administration that the RV/GCR needed a 3-day weekend and a national emergency to release it. They might need the ability to close the borders when this goes. That administration and the Bush administration did not want the reset. The Trump administration is pushing for it. I am very excited for this weekend...so many things I was told we needed are lined up right now...I was told there may be one more document that President Trump needs to sign today to release the paymasters funds. Hopefully we will know more by the end of tonight...a lot of anticipations for today through Tuesday...I am hearing WF is release bank and HSBC as well...800#'s will be out soon and we should be in the banks by Tuesday... [post 1 of 2....stay tuned]
2-16-2019 Intel Guru ADMINBILL "Another Saturday night and we ain't got no money..." love Sam Cooke. It's still a great day so keep your spirits elevated and a grin on your face. From my sources it shouldn't be long before the [grin] becomes much bigger.
2-16-2019 Newshound/Intel Guru Mnt Goat Article...December 10, 2014: "RAFIDAIN BANK IN DHI QAR CONFIRMS THAT THE INTRODUCTION OF ATM DEPENDS ON THE CURRENCY" Quote: "...the introduction of ATM in the markets and banks ARE SUBJECT TO THE IMPLEMENTATION OF THE DECISION TO DELETE ZEROS FROM THE IRAQI CURRENCY..." ...don’t anyone tell me that bringing these ATMs online and filling them with dinar is not part of the plan of project to delete the zeros. Here is the article in black and white...Here is the proof.
2-16-2019 Intel Guru Delta Article: "Customs: We will begin the unification of customs procedures at all ports as of tomorrow" Mawazine News. published the new pricing of customs in all ports of Iraq custom base on international code...pricing base on international code.
2-16-2019 Intel Guru MarkZ I am still hearing there will be no taxes on Dinar and dong exchanges...There is a tax treaty involved with this. [Always consult with your tax professional at the appropriate time] ...Waiting for news out of Iraq...hopefully we will hear by tonight. Expecting to see news from [Guru] Frank26...he is the best source on Iraq...expecting a whole lot out of CBI today...I am also hearing there will be great security at the bank..and in the parking lot...I am not worried about security...There is a good chance I will be doing another update today. Based on what I'm hearing and reading...As far as rates I am hearing street rate dinar 4.43 dong..2.20 to 2.25. Hopefully I will know more later today... [post 2 of 2]
2-16-2019 Intel Guru MarkZ I was told years ago during the Obama administration that the RV/GCR needed a 3-day weekend and a national emergency to release it. They might need the ability to close the borders when this goes. That administration and the Bush administration did not want the reset. The Trump administration is pushing for it. I am very excited for this weekend...so many things I was told we needed are lined up right now...I was told there may be one more document that President Trump needs to sign today to release the paymasters funds. Hopefully we will know more by the end of tonight...a lot of anticipations for today through Tuesday...I am hearing WF is release bank and HSBC as well...800#'s will be out soon and we should be in the banks by Tuesday... [post 1 of 2....stay tuned]
2-16-2019 Intel Guru ADMINBILL "Another Saturday night and we ain't got no money..." love Sam Cooke. It's still a great day so keep your spirits elevated and a grin on your face. From my sources it shouldn't be long before the [grin] becomes much bigger.
2-16-2019 Newshound/Intel Guru Mnt Goat Article...December 10, 2014: "RAFIDAIN BANK IN DHI QAR CONFIRMS THAT THE INTRODUCTION OF ATM DEPENDS ON THE CURRENCY" Quote: "...the introduction of ATM in the markets and banks ARE SUBJECT TO THE IMPLEMENTATION OF THE DECISION TO DELETE ZEROS FROM THE IRAQI CURRENCY..." ...don’t anyone tell me that bringing these ATMs online and filling them with dinar is not part of the plan of project to delete the zeros. Here is the article in black and white...Here is the proof.
2-15-2019 Intel Guru Delta Article: "Customs: The implementation of the agreement signed with Kurdistan as of tomorrow 15-02-2019" ADDING TAXES MEANS PRICES HAVE TO INCREASE AT LEAST BY 10 -30%...THAT WILL CAUSE INFLATION IN PRICES INSIDE IRAQ AND DEMONSTRATION FROM IRAQI...SO THE GOV AND CBI HAVE TO GIVE SOME POWER OF PURCHASE...STARTING THE TAXES FINALLY AFTER SO MANY YEARS IS ONE OF THE BEST NEWS SO FAR SHOULD GET ALL OF US HAPPY...THERE WAS ONLY 2 THINGS LIFT FOR THEM TO BE ABLE TO MOVE TO ARTICLE VIII... 1 - TAXES...WILL BE DONE TOMORROW... 2 - LIFT THE 000 ZEROS...
2-15-2019 Newshound/Intel Guru Mnt Goat ...old article from 2014... Article: "DELETION OF ZEROS IN 2014 NOW EARLY 2015...PROJECT IS READY AND IMPLEMENTATION OF A DEFERRED PROJECT" It is now already 2019 and so four years plus passed already. Where is the RV? This project to delete the zeros is so long, long overdue. Each time we go through an election cycle with a new government we have to start convincing everyone all over again to do it and the importance of it. I think we are so close I can hardly wait.
2-15-2019 Newshound Guru Adam Montana I'm actually very pleased to see the steady growth of oil, rather than a sudden spike. This "controlled growth" is exactly what I would want if I were Captain of the CBI, because it shows stability in the main area that needs it. All of these things are coming together for us, creating the perfect situation. Obviously things can, and will, come up. I don't have an exact date for you, and I never will. But that sure won't stop me from being excited about what we're in the middle of right now! Overall, things are just looking dandy. [post 2 of 2]
2-15-2019 Newshound Guru Adam Montana The RV train is still chugging along, with nothing but positive steam powering these updates...suffice it to say that we're in a pretty spot! NOTHING has detracted from the good news on HCL. WE STILL have momentum on the budget, which is currently WAY AHEAD OF NORMAL. And I'll sweeten it up just a little bit with this - you remember that $60 mark I mentioned about a month ago? YEP, STILL GOING THE RIGHT WAY! Oil is creeping up on $56 as I write this. That's halfway to my mark of $60...and going strong! [post 1 of 2....stay tuned]
2-15-2019 Intel Guru Bruce ...let’s talk about screen rates today...as far as we are concerned rates are on the screens. They are moving up. The UN Operational Rate pages are available for the 15th and the 1st of the month...So those come up and should be good with our new rates for these many currencies we know and talk about, and should be applicable tomorrow, February 15th, be the effective date for the rates that are populating now. I think we have finally came to the end of this ride. ...I am excited about what could happen between now and Monday. Everybody just stay tuned. [post 2 of 2]
2-15-2019 Intel Guru Bruce [via PinkRoses] ...Let’s start with Iraq...Their ATMs are lined up and ready to go...they are finally going to activate their ATM machines...So that would mean the ATM machines will be able to take Iraqi dinar, USTN, our new dollars, and be able to convert those also to Iraqi dinar also. That is supposed to start on Saturday...we will see how that comes out. ...I think the oil and gas law is to be put into action and into law...I believe the voting is done on that. It has been done for weeks now, but as far as implementation of that law...it should occur Sunday or Monday in Iraq. [post 1 of 2....stay tuned]
2-15-2019 Intel Guru RayRen98 Iraq TV is broadcasting the United Nations giving Iraq a warning that further severe repercussions could result of their delay in forming their government. The Deputy to Parliament reportedly stated that all of the recovered money would be pointless to Iraq if it is not based on international rates thus enabling them to compete with the rest of world. ...Rates are again visible to some bank sources...Zim $0.24 - Dinar $4.43 - Dong $1.37. TIME WILL TELL what happens next!
2-15-2019 Newshound/Intel Guru Mnt Goat ...old article from 2014... Article: "DELETION OF ZEROS IN 2014 NOW EARLY 2015...PROJECT IS READY AND IMPLEMENTATION OF A DEFERRED PROJECT" It is now already 2019 and so four years plus passed already. Where is the RV? This project to delete the zeros is so long, long overdue. Each time we go through an election cycle with a new government we have to start convincing everyone all over again to do it and the importance of it. I think we are so close I can hardly wait.
2-15-2019 Newshound Guru Adam Montana I'm actually very pleased to see the steady growth of oil, rather than a sudden spike. This "controlled growth" is exactly what I would want if I were Captain of the CBI, because it shows stability in the main area that needs it. All of these things are coming together for us, creating the perfect situation. Obviously things can, and will, come up. I don't have an exact date for you, and I never will. But that sure won't stop me from being excited about what we're in the middle of right now! Overall, things are just looking dandy. [post 2 of 2]
2-15-2019 Newshound Guru Adam Montana The RV train is still chugging along, with nothing but positive steam powering these updates...suffice it to say that we're in a pretty spot! NOTHING has detracted from the good news on HCL. WE STILL have momentum on the budget, which is currently WAY AHEAD OF NORMAL. And I'll sweeten it up just a little bit with this - you remember that $60 mark I mentioned about a month ago? YEP, STILL GOING THE RIGHT WAY! Oil is creeping up on $56 as I write this. That's halfway to my mark of $60...and going strong! [post 1 of 2....stay tuned]
2-15-2019 Intel Guru Bruce ...let’s talk about screen rates today...as far as we are concerned rates are on the screens. They are moving up. The UN Operational Rate pages are available for the 15th and the 1st of the month...So those come up and should be good with our new rates for these many currencies we know and talk about, and should be applicable tomorrow, February 15th, be the effective date for the rates that are populating now. I think we have finally came to the end of this ride. ...I am excited about what could happen between now and Monday. Everybody just stay tuned. [post 2 of 2]
2-15-2019 Intel Guru Bruce [via PinkRoses] ...Let’s start with Iraq...Their ATMs are lined up and ready to go...they are finally going to activate their ATM machines...So that would mean the ATM machines will be able to take Iraqi dinar, USTN, our new dollars, and be able to convert those also to Iraqi dinar also. That is supposed to start on Saturday...we will see how that comes out. ...I think the oil and gas law is to be put into action and into law...I believe the voting is done on that. It has been done for weeks now, but as far as implementation of that law...it should occur Sunday or Monday in Iraq. [post 1 of 2....stay tuned]
2-15-2019 Intel Guru RayRen98 Iraq TV is broadcasting the United Nations giving Iraq a warning that further severe repercussions could result of their delay in forming their government. The Deputy to Parliament reportedly stated that all of the recovered money would be pointless to Iraq if it is not based on international rates thus enabling them to compete with the rest of world. ...Rates are again visible to some bank sources...Zim $0.24 - Dinar $4.43 - Dong $1.37. TIME WILL TELL what happens next!
2-14-2019 Newshound/Intel Guru Mnt Goat ...Remember as I said many times we will see a rate change within Iraq as close to 1000 dinars or lower per USD first, then the CBI must launch the smaller notes or the economy will not have any currency they can work with. So now we see the CBI program rate as record lows coming into this week and so we should expect it even much lower and then the launching of first the 25, 50 and 100 dinar notes, as promised would happen at this time. Stay tuned it is all good. [post 2 of 2]
2-14-2019 Newshound/Intel Guru Mnt Goat Article: "CURRENCY STRUCTURE: CENTRAL BANK PREPARES TO DELETE 3 ZEROS OF IRAQI CURRENCY" ...this article ...is only from Nov of last year...not too long ago. Okay so here is the beginning of the re-education process I said would begin a months before the reinstatement would happen. Remember the CBI must first wait for the right environment to launch the rest of these lower smaller category notes. Now they are telling us the time is just around the corner. This is exactly what we wanted to hear and needed to hear at this time. [post 1 of 2....stay tuned]
2-14-2019 Newshound Guru MilitiaMan ...articles are out about CONTRACTS...They have to be adjusted accordingly...Let the CONTRACT's adjusting to a new rate sink in... The Pres signed the 2019 budget on the 4th... Note the articles about Contracts use the word Implementation... So aside from the time line, think about it. Contracts and pricing of goods, needs to be done as well. They imo won't or can't put pricing off for long.. We have not heard Taxes and Tariffs being put off or extended...Now think about it...02/04/19 and 10 days less the weekend of two days...Puts Kurds talk of 02/17 for implementation of T & Ts or even the federal budget law to install contracts, imo, right on time...
2-14-2019 Newshound Guru Kaperoni ...There no RV. Once the GOI is formed (Still missing 4 cabinet members), parliament returns, begins passing laws we may see the CBI move to a float.
2-14-2019 Intel Guru Delta Article: “After the adoption of a tariff as a unified customs .. Will the price of cars rise?” ...SO THIS TAX APPLY ONLY FOR CARS OVER $50K...OTHER PRODUCT WILL BE COLLECT BY DINARS AS I KNOW...BUT EITHER WAY THE PRICES WILL INCREASE NO MATTER WHAT AND THAT WILL CAUSE A HIGH INFLATION...BUT THE BEST PART AT ALL IS THAT THIS TIME THE TAXES ARE ON...FINALLY...
2-14-2019 Newshound/Intel Guru Mnt Goat Article: "CURRENCY STRUCTURE: CENTRAL BANK PREPARES TO DELETE 3 ZEROS OF IRAQI CURRENCY" ...this article ...is only from Nov of last year...not too long ago. Okay so here is the beginning of the re-education process I said would begin a months before the reinstatement would happen. Remember the CBI must first wait for the right environment to launch the rest of these lower smaller category notes. Now they are telling us the time is just around the corner. This is exactly what we wanted to hear and needed to hear at this time. [post 1 of 2....stay tuned]
2-14-2019 Newshound Guru MilitiaMan ...articles are out about CONTRACTS...They have to be adjusted accordingly...Let the CONTRACT's adjusting to a new rate sink in... The Pres signed the 2019 budget on the 4th... Note the articles about Contracts use the word Implementation... So aside from the time line, think about it. Contracts and pricing of goods, needs to be done as well. They imo won't or can't put pricing off for long.. We have not heard Taxes and Tariffs being put off or extended...Now think about it...02/04/19 and 10 days less the weekend of two days...Puts Kurds talk of 02/17 for implementation of T & Ts or even the federal budget law to install contracts, imo, right on time...
2-14-2019 Newshound Guru Kaperoni ...There no RV. Once the GOI is formed (Still missing 4 cabinet members), parliament returns, begins passing laws we may see the CBI move to a float.
2-14-2019 Intel Guru Delta Article: “After the adoption of a tariff as a unified customs .. Will the price of cars rise?” ...SO THIS TAX APPLY ONLY FOR CARS OVER $50K...OTHER PRODUCT WILL BE COLLECT BY DINARS AS I KNOW...BUT EITHER WAY THE PRICES WILL INCREASE NO MATTER WHAT AND THAT WILL CAUSE A HIGH INFLATION...BUT THE BEST PART AT ALL IS THAT THIS TIME THE TAXES ARE ON...FINALLY...
2-13-2019 Newshound/Intel Guru Mnt Goat Article: "DANNAIR PUBLISHES THE FEATURES OF THE NEW IRAQI CURRENCY AFTER THE DELETION OF ZEROS" ...article from 2012. We know without doubt that the CBI under Dr Shabibi planned to RV in Jan 2013 and thus was educating the people on the new currency in 2012. This is they type of education we are still looking for... So we know the new smaller categories are all printed and ready to be launched since 2012.
2-13-2019 Newshound Guru MilitiaMan Article: "The Association of Iraqi Private Banks Organizes a Workshop «Automated Taxation on Direct Deduction Tax" Electronic and automatic taxation.. New and improved...I am if the view they mean business and the Iraq Private Banks are going to be a huge part of the reconstruction effort...Massive amounts of money will be moved through them especially once they are fully Article 8 compliant with a new non program rate...Alak the phone is ringing...lol.
2-13-2019 Intel Guru ADMINBILL ...Chase Bank worried about heavy call load in coming days.? Are the 14th, 15th, 18th and 19th possibly go days?...
2-13-2019 Newshound Guru Adam Montana Article: "Barzani meets with Mahdi re: HCL (?)" For those of you that don't know, the HCL is possibly/probably the last thing we need to see for an RV. Quote: "the agreement will be signed between the leadership of the two parties soon" We all love the word "soon", but this time... it's looking very, very real. Quote: "the implementation of even two thirds of the terms of the agreement, which is scheduled to be signed on the 18th of this month" Two thirds or more is PLENTY to suit our needs! Quote: "The draft agreement includes 18 items... especially the proceeds of natural resources" FYI, this is HCL. Plain and simple. There is a LOT of excitement around here concerning the middle of the month. This is a big part of that excitement. I won't encourage anyone to get too excited, but I'm also not going to downplay this one... this is BIG. We are in the best situation for an RV that I have ever witnessed.
2-13-2019 Intel Guru Frank26 SOMETHING TO CONSIDER. THE CBI HAS VATICINATED... PROGNOSTICATED THAT THERE IS NO DELAY IN THE LIFTING OF THE THREE ZERO'S FROM THEIR EXCHANGE RATE. FASCINATING... WHY ARGUE WITH THAT? ...WHY FIND BANDY IN SUCH AN INSPIRING AND FIRM POSTULATION? ESPECIALLY WHEN IMO...THE USA GAVE THEM THIS CONVICTION!!!
2-13-2019 Intel Guru Bruce ...my understanding was you have an Internationally known rate on their dinar. Did you realize Vietnamese Dong is going to be fairly close to the rate of the Iraqi Dinar on the front screens? I mean it could get within 8% to 10% of the Dinar. ...In fact China wanted the Dong to be on par with the Dinar, but i think it is going to be within 8% to 10% of it. So I will say this, the Dinar is fast approaching $7.00. That will give you some idea what I am talking about. ...We are looking very strong for the remainder of this week...I am going to say I am encouraged. I am excited. [post 2 of 2]
2-13-2019 Intel Guru Bruce ...sometimes i get information that is a little better than normal or it is different or gives us indication that something has happened that we didn’t know about before. That is sort of what happened today. We got little bits and pieces of things that pointed together the timing which is in this week. It may not even not be two days away. It is that close... We are looking forward to possibly 3 different announcements coming together for us the next day or so. [post 1 of 2....stay tuned]
2-13-2019 Intel/Newshound Guru sandyf cbi has stated many times "restore and or increase purchasing power of the dinar" Many seem to think that statement means "restore and or increase purchasing power of the IQD", but it is not the case. Zambia increased the purchasing power of the Kwacha, by deleting 3 zeros.
2-13-2019 Newshound Guru MilitiaMan Article: "The Association of Iraqi Private Banks Organizes a Workshop «Automated Taxation on Direct Deduction Tax" Electronic and automatic taxation.. New and improved...I am if the view they mean business and the Iraq Private Banks are going to be a huge part of the reconstruction effort...Massive amounts of money will be moved through them especially once they are fully Article 8 compliant with a new non program rate...Alak the phone is ringing...lol.
2-13-2019 Intel Guru ADMINBILL ...Chase Bank worried about heavy call load in coming days.? Are the 14th, 15th, 18th and 19th possibly go days?...
2-13-2019 Newshound Guru Adam Montana Article: "Barzani meets with Mahdi re: HCL (?)" For those of you that don't know, the HCL is possibly/probably the last thing we need to see for an RV. Quote: "the agreement will be signed between the leadership of the two parties soon" We all love the word "soon", but this time... it's looking very, very real. Quote: "the implementation of even two thirds of the terms of the agreement, which is scheduled to be signed on the 18th of this month" Two thirds or more is PLENTY to suit our needs! Quote: "The draft agreement includes 18 items... especially the proceeds of natural resources" FYI, this is HCL. Plain and simple. There is a LOT of excitement around here concerning the middle of the month. This is a big part of that excitement. I won't encourage anyone to get too excited, but I'm also not going to downplay this one... this is BIG. We are in the best situation for an RV that I have ever witnessed.
2-13-2019 Intel Guru Frank26 SOMETHING TO CONSIDER. THE CBI HAS VATICINATED... PROGNOSTICATED THAT THERE IS NO DELAY IN THE LIFTING OF THE THREE ZERO'S FROM THEIR EXCHANGE RATE. FASCINATING... WHY ARGUE WITH THAT? ...WHY FIND BANDY IN SUCH AN INSPIRING AND FIRM POSTULATION? ESPECIALLY WHEN IMO...THE USA GAVE THEM THIS CONVICTION!!!
2-13-2019 Intel Guru Bruce ...my understanding was you have an Internationally known rate on their dinar. Did you realize Vietnamese Dong is going to be fairly close to the rate of the Iraqi Dinar on the front screens? I mean it could get within 8% to 10% of the Dinar. ...In fact China wanted the Dong to be on par with the Dinar, but i think it is going to be within 8% to 10% of it. So I will say this, the Dinar is fast approaching $7.00. That will give you some idea what I am talking about. ...We are looking very strong for the remainder of this week...I am going to say I am encouraged. I am excited. [post 2 of 2]
2-13-2019 Intel Guru Bruce ...sometimes i get information that is a little better than normal or it is different or gives us indication that something has happened that we didn’t know about before. That is sort of what happened today. We got little bits and pieces of things that pointed together the timing which is in this week. It may not even not be two days away. It is that close... We are looking forward to possibly 3 different announcements coming together for us the next day or so. [post 1 of 2....stay tuned]
2-13-2019 Intel/Newshound Guru sandyf cbi has stated many times "restore and or increase purchasing power of the dinar" Many seem to think that statement means "restore and or increase purchasing power of the IQD", but it is not the case. Zambia increased the purchasing power of the Kwacha, by deleting 3 zeros.
2-12-2019 Newshound/Intel Guru Mnt Goat Article: "IN RAISING AND ENHANCING THE VALUE OF THE CURRENCY DINAR PURCHASING POWER" So again we see that they are talking about withdrawing the dinar from the market place, as they have already done. Sounds like to me the realize that at some point they must increase the purchasing power, thus the rate.
2-12-2019 Newshound/Intel Guru Mnt Goat 3. I want to point out that in 2003 we were told that the cash volume in the markets to be issued for the money supply was 170 Trillion. So we can now see once again they are maintaining well below the 2/3 (about 57 trillion) dinars withdrawal of the planned current cash volume, as part of the “project to delete the zeros”. So we can see they still have room to issue more currency, if needed to fulfill cash volume. But this is one tool they are keeping inflation down. [post 2 of 2]
2-12-2019 Newshound/Intel Guru Mnt Goat A couple golden nuggets here in this article: 1. We find out they still plan to do the project to delete the zeros. 2. They did in fact plan to do it before now but it was postponed again. Timing of the article proves they did have it planned for January. Why postponed? ...I quote from the article - “but security events and the control of the state regulation on five provinces led to delay”. So we are NOT waiting for the economy to grow and the private sector to take over to raise the rate. Get it? [post 1 of 2....stay tuned]
2-12-2019 Newshound Guru MilitiaMan So, with the budget behind us and [Guru] Frank suggesting they are working it effectively backwards, therefore, in the coming hours, days, etc.., could be very eventful, as from the looks of it an announcement, 2nd article and rate may be all that is needed now. They told us they will have the borders prepared to get taxes and tariffs by 02/17/209... imo Keep in mind they we have been told over the years once implemented with an international calculation the income may be equal to the oil revenues...So, they are now apparently on board for this now to come to fruition. imo...Fascinating times...imo. [post 2 of 2]
2-12-2019 Newshound Guru MilitiaMan Article: "Central Bank "fabricated" a channel of payment to Tehran to address the debts of gas and electricity" Data in this above article has information that is imo a follow up from [Guru] Frank and [Guru] Delta... They spoke of a continuation of Iran and Iraq's relationship. It is imo in stone and the mechanism is in place now. Iran said they didn't want the IQD in the past and now that has changed. They know when they rate changes both sides may benefit and biggly too. lol. They have a continuation of Financial agreements... As in past tense. [post 1 of 2....stay tuned]
2-12-2019 Newshound/Intel Guru RVAlready [the budget is there now but why are we still here?? i guess the budget published is at the old rate] Again, new rate was never expected in the budget. Just as the US exchange rates are not published in the US budget, the Iraq exchange rates are not shown in the Iraq budget... Congress/ parliaments publish budgets. Banks/markets determine exchange rates.
2-12-2019 Newshound/Intel Guru Mnt Goat 3. I want to point out that in 2003 we were told that the cash volume in the markets to be issued for the money supply was 170 Trillion. So we can now see once again they are maintaining well below the 2/3 (about 57 trillion) dinars withdrawal of the planned current cash volume, as part of the “project to delete the zeros”. So we can see they still have room to issue more currency, if needed to fulfill cash volume. But this is one tool they are keeping inflation down. [post 2 of 2]
2-12-2019 Newshound/Intel Guru Mnt Goat A couple golden nuggets here in this article: 1. We find out they still plan to do the project to delete the zeros. 2. They did in fact plan to do it before now but it was postponed again. Timing of the article proves they did have it planned for January. Why postponed? ...I quote from the article - “but security events and the control of the state regulation on five provinces led to delay”. So we are NOT waiting for the economy to grow and the private sector to take over to raise the rate. Get it? [post 1 of 2....stay tuned]
2-12-2019 Newshound Guru MilitiaMan So, with the budget behind us and [Guru] Frank suggesting they are working it effectively backwards, therefore, in the coming hours, days, etc.., could be very eventful, as from the looks of it an announcement, 2nd article and rate may be all that is needed now. They told us they will have the borders prepared to get taxes and tariffs by 02/17/209... imo Keep in mind they we have been told over the years once implemented with an international calculation the income may be equal to the oil revenues...So, they are now apparently on board for this now to come to fruition. imo...Fascinating times...imo. [post 2 of 2]
2-12-2019 Newshound Guru MilitiaMan Article: "Central Bank "fabricated" a channel of payment to Tehran to address the debts of gas and electricity" Data in this above article has information that is imo a follow up from [Guru] Frank and [Guru] Delta... They spoke of a continuation of Iran and Iraq's relationship. It is imo in stone and the mechanism is in place now. Iran said they didn't want the IQD in the past and now that has changed. They know when they rate changes both sides may benefit and biggly too. lol. They have a continuation of Financial agreements... As in past tense. [post 1 of 2....stay tuned]
2-12-2019 Newshound/Intel Guru RVAlready [the budget is there now but why are we still here?? i guess the budget published is at the old rate] Again, new rate was never expected in the budget. Just as the US exchange rates are not published in the US budget, the Iraq exchange rates are not shown in the Iraq budget... Congress/ parliaments publish budgets. Banks/markets determine exchange rates.
2-11-2019 Newshound Guru Kaperoni There is no indication that the CBI held the Iraqi Finance conference on the 10-11. Going by the official website, they kicked the can down the road to summer.
2-11-2019 Intel Guru RayRen98 [via sunny] ...the banks were expecting us last Monday. This Monday they were expecting us again, so it's starting all over...
2-11-2019 Newshound/Intel Guru RVAlready Article: "The 2019 Iraqi Federal Budget Law has been ratified and published" Yes. Budget is official. Officials who try to steal can be prosecuted for federal crimes and eliminated. We should now be able to exchange. If the banks...have been truthful, we should see $4.40. Hope the banks are ready to get started.
2-11-2019 Intel Guru ADMINBILL I HAVE PIECED TOGETHER INFORMATION FROM SOURCES THAT MAKES ME FEEL THAT WE COULD SEE SOME FORM OF BEGINNING ACTIVITY AS THE WEEK PROGRESSES. THAT DOES NOT MEAN YOU WILL BE IN THE BANKS THIS WEEK OR NEXT BUT I AM OPTIMISTIC FOR YOUR FUTURE. FINGERS AND TOES CROSSED. DON'T QUIT YOUR JOBS!!!
2-11-2019 Newshound/Intel Guru Mnt Goat Aricle quote: "...the ratification of the Presidency of the Republic on the budget makes it considered an effective and enforceable law, which means that the ministries and provincial governments have the RIGHT TO USE THE BUDGET AS A LEGAL BASIS TO IMPLEMENT THEIR PLANS." Here is proof. So if it was true (but its not) that the RV rate was in the budget they would not need it to be published in the gazette to make it legal and be able to implement it and this article is proof once again this is fact...If this was true then why would publication hold up something as important as the RV not to mention this imaginary GCR (also not true).
2-11-2019 Intel Guru Frank26 Article: "Market confidence to drive Vietnam economic growth in 2019" [Do you believe that the Dong is going to increase in value the same time that the Iraqi dinar does, or in close proximity of it Frank?] IMO... LIKE GRENADES AND HORSESHOES...(wink).
2-11-2019 Intel Guru RayRen98 [via sunny] ...the banks were expecting us last Monday. This Monday they were expecting us again, so it's starting all over...
2-11-2019 Newshound/Intel Guru RVAlready Article: "The 2019 Iraqi Federal Budget Law has been ratified and published" Yes. Budget is official. Officials who try to steal can be prosecuted for federal crimes and eliminated. We should now be able to exchange. If the banks...have been truthful, we should see $4.40. Hope the banks are ready to get started.
2-11-2019 Intel Guru ADMINBILL I HAVE PIECED TOGETHER INFORMATION FROM SOURCES THAT MAKES ME FEEL THAT WE COULD SEE SOME FORM OF BEGINNING ACTIVITY AS THE WEEK PROGRESSES. THAT DOES NOT MEAN YOU WILL BE IN THE BANKS THIS WEEK OR NEXT BUT I AM OPTIMISTIC FOR YOUR FUTURE. FINGERS AND TOES CROSSED. DON'T QUIT YOUR JOBS!!!
2-11-2019 Newshound/Intel Guru Mnt Goat Aricle quote: "...the ratification of the Presidency of the Republic on the budget makes it considered an effective and enforceable law, which means that the ministries and provincial governments have the RIGHT TO USE THE BUDGET AS A LEGAL BASIS TO IMPLEMENT THEIR PLANS." Here is proof. So if it was true (but its not) that the RV rate was in the budget they would not need it to be published in the gazette to make it legal and be able to implement it and this article is proof once again this is fact...If this was true then why would publication hold up something as important as the RV not to mention this imaginary GCR (also not true).
2-11-2019 Intel Guru Frank26 Article: "Market confidence to drive Vietnam economic growth in 2019" [Do you believe that the Dong is going to increase in value the same time that the Iraqi dinar does, or in close proximity of it Frank?] IMO... LIKE GRENADES AND HORSESHOES...(wink).
2-10-2019 Newshound/Intel Guru Mnt Goat Article: "KUWAITI NEWSPAPER: IRAQ PAID KUWAIT $ 300 MILLION" Quotes: “Iraq finally paid Kuwait $300 million in payment of a series of compensation owed by Baghdad to Kuwait for the losses and damage suffered by individuals, companies, government and international organizations as a result of the Gulf War.”; "...the payment was resumed at 0.5 percent of Iraq’s revenues starting from 2018, and will increase annually UNTIL THE END OF 2021..." ...just so everyone knows this payment does not have to be repaid completely before they can reinstate the dinar. We are not waiting for 2021. Proof of this was the attempt by Dr Shabibi to reinstate back in 2012-2013. So relax!
2-10-2019 Newshound Guru Kaperoni ...the CBI banking conference (which was scheduled for last fall) and rescheduled for Feb 10/11 has in fact been postponed again to "summer 2019". Some have asked my opinion on this banking event and all I can say is the fact they keep postponing it must be a telling sign that they do not want to hold this event until all their ducks are in place. After all, they advertise "Iraq is open for business" and currently that is not the case. More work still needs to be done...ie currency reform, laws passed etc.
2-10-2019 Intel Guru RayRen98 Iraqi News: The federal budget is ready for implementation by the ministries and the governorates, although not yet published in the Official Gazette. The ratification by the Presidency of the Republic on the budget makes it considered an effective and enforceable law. This gives the ministries and the provincial governments the right to legally use the budget to implement their plans. Iraqi TV reporting Hakeem and Abadi this morning saying how important it is to complete the cabinet As Soon As Possible.
2-10-2019 Newshound Guru MilitiaMan [...The investment conference, which is/was to begin tomorrow (2/10), has now been pushed back to this summer...??] Yes it appears as such and in my opinion, it was due to that they haven't shown the rate yet. I was expecting them to cancel with out it. ...There is nothing bad out there to support we are not in a good place today! Those that were expecting the final rate ahead of the conference, knew in advance if the rate didn't change they would not be having one.. imo..
2-10-2019 Newshound Guru Kaperoni ...the CBI banking conference (which was scheduled for last fall) and rescheduled for Feb 10/11 has in fact been postponed again to "summer 2019". Some have asked my opinion on this banking event and all I can say is the fact they keep postponing it must be a telling sign that they do not want to hold this event until all their ducks are in place. After all, they advertise "Iraq is open for business" and currently that is not the case. More work still needs to be done...ie currency reform, laws passed etc.
2-10-2019 Intel Guru RayRen98 Iraqi News: The federal budget is ready for implementation by the ministries and the governorates, although not yet published in the Official Gazette. The ratification by the Presidency of the Republic on the budget makes it considered an effective and enforceable law. This gives the ministries and the provincial governments the right to legally use the budget to implement their plans. Iraqi TV reporting Hakeem and Abadi this morning saying how important it is to complete the cabinet As Soon As Possible.
2-10-2019 Newshound Guru MilitiaMan [...The investment conference, which is/was to begin tomorrow (2/10), has now been pushed back to this summer...??] Yes it appears as such and in my opinion, it was due to that they haven't shown the rate yet. I was expecting them to cancel with out it. ...There is nothing bad out there to support we are not in a good place today! Those that were expecting the final rate ahead of the conference, knew in advance if the rate didn't change they would not be having one.. imo..
2-9-2019 Intel Guru RayRen98 Iraqi TV broadcasted a member of the Finance Department requesting that all ministries of the government receive a copy of the revised budget and to get it ratified and ready for implementation starting on Monday. Iraqi TV is reporting that the budget will be printed in the gazette "in the next two days" and will be enforced immediately upon its printing. Iraqi TV aired footage of US troops patrolling downtown Baghdad today. US Banks are reporting an "expectation" of exchange activity possibly as early as Monday. Reported IQD screen rates are varying from $4.43 to $4.60...depending on the source. Trying to confirm a possible rumor of exchange activity across the Pond...standby for that one, it could take a while.
2-9-2019 Intel Guru ADMINBILL TO BE CLEAR I AM NOT SUGGESTING THIS WEEKEND. I READ THE TEA LEAVES AND THE INDICATORS ARE POINTING TO SOON. IT'S THE WHEN THAT WE ALL WANT TO KNOW THE ANSWER TO AND ONLY THOSE IN CONTROL KNOW....AND THEY MAY BE LOOKING FOR THE RIGHT TIME. Yes indeed. Another weekend is upon us in Dinarville. But Wait...is there light at the end of the tunnel? My oh my...There IS and it's very bright and getting bigger!
2-9-2019 Newshound Guru ChrisC ...I think WS [Guru Walkingstick] thought this was going to happen last year because it was supposed to and Trump planned for it to. However, as W [Guru Walkingstick] found out with Maliki, Iran swings a big stick in Iraq and these people are hard to control. Realizing that asking politely and even giving them gift upon gift was not going to work, Trump came up with a new strategy...Trump realized he had to choke out the source...I think all of these sanctions that have made them see stars and tap out was to force them to see the RV as a solution and not something they should continue to interfere with. He now has Iran HAPPY to get dinar and looking forward to it rising in value...
2-9-2019 Newshound/Intel Guru Mnt Goat ...I did not say the budget is holding up the RI. ...I said it is foolish to put any one event to say it is holding up the RI... No one knows the date or timing. ...There is no evidence right now that there is any target to RI soon.
2-9-2019 Newshound Guru MilitiaMan Article: "Iraq, New Iranian Central Bank / "New currency" map is on its way?" As Frank [Guru Frank26] is saying INTERNATIONALISM is the theme... Converting Dinar into other currencies like the Euro, Ryial, etc.. The AMF is having a meeting on Saturday in regard to Financial Developments. Well what Financial Developments are staring at us..lol. WS [Guru Walkingstick ?] data imo is AMF / AAD - IMF / SDR 3x type of developments that need to be discussed. Kinda like a huddle just before executing the big play.. We shall see.. Shall we not? lol. Is the NEW CURRENCY map on the way, mean the new currency of Iraq is being delivered or has been around the world? Keep in mind Iran told us they did a deal with electricity today and the payments are settled.. In other words past tense...imo.
2-9-2019 Intel Guru ADMINBILL TO BE CLEAR I AM NOT SUGGESTING THIS WEEKEND. I READ THE TEA LEAVES AND THE INDICATORS ARE POINTING TO SOON. IT'S THE WHEN THAT WE ALL WANT TO KNOW THE ANSWER TO AND ONLY THOSE IN CONTROL KNOW....AND THEY MAY BE LOOKING FOR THE RIGHT TIME. Yes indeed. Another weekend is upon us in Dinarville. But Wait...is there light at the end of the tunnel? My oh my...There IS and it's very bright and getting bigger!
2-9-2019 Newshound Guru ChrisC ...I think WS [Guru Walkingstick] thought this was going to happen last year because it was supposed to and Trump planned for it to. However, as W [Guru Walkingstick] found out with Maliki, Iran swings a big stick in Iraq and these people are hard to control. Realizing that asking politely and even giving them gift upon gift was not going to work, Trump came up with a new strategy...Trump realized he had to choke out the source...I think all of these sanctions that have made them see stars and tap out was to force them to see the RV as a solution and not something they should continue to interfere with. He now has Iran HAPPY to get dinar and looking forward to it rising in value...
2-9-2019 Newshound/Intel Guru Mnt Goat ...I did not say the budget is holding up the RI. ...I said it is foolish to put any one event to say it is holding up the RI... No one knows the date or timing. ...There is no evidence right now that there is any target to RI soon.
2-9-2019 Newshound Guru MilitiaMan Article: "Iraq, New Iranian Central Bank / "New currency" map is on its way?" As Frank [Guru Frank26] is saying INTERNATIONALISM is the theme... Converting Dinar into other currencies like the Euro, Ryial, etc.. The AMF is having a meeting on Saturday in regard to Financial Developments. Well what Financial Developments are staring at us..lol. WS [Guru Walkingstick ?] data imo is AMF / AAD - IMF / SDR 3x type of developments that need to be discussed. Kinda like a huddle just before executing the big play.. We shall see.. Shall we not? lol. Is the NEW CURRENCY map on the way, mean the new currency of Iraq is being delivered or has been around the world? Keep in mind Iran told us they did a deal with electricity today and the payments are settled.. In other words past tense...imo.
2-8-2019 Newshound/Intel Guru Mnt Goat 4. Abdul Jalil is asking – Why did we do all this international banking reforms and comprehensive electronic banking reforms, if we are not going to raise the zeros from the currency? He alludes to the fact that he thought this was part of the reason for all this past work. So where is it then? Why is it taking so long. Do we need to get the GOI involved to force you to do it? 5. Abdul Jalil attitude on this article puts pressure on the CBI to respond. We all need some positive news on this project. WE have not heard anything from the CBI now for over 3 months. Abdul Jalil is saying that it should not be the sole responsibility of the CBI but to get the GOI involved in the decision process too. I happen to know the GOI is involved and they are the hold up so it is NOT the CBI... [post 2 of 2]
2-8-2019 Newshound/Intel Guru Mnt Goat Article: "RAISING ZEROS REDUCES THE MONETARY MASS AND NEEDS A DECISION FROM THE TOP" Abdul Jalil is telling us in this article many important points. 1. the banks are now making money outside of the currency auctions (loans, mortgages, card fees, etc..) and perhaps it’s time not to solely rely on the spread of the currency exchange for bank revenues, thus they can eliminate the auctions and get the project to delete the zeros done now (which includes reinstate the dinar); 2. not raising the zeros complicate contracting with companies; 3. can hold up the funding for the reconstruction efforts; [post 1 of 2....stay tuned]
2-8-2019 Newshound Guru Adam Montana Article: "Kurdistan Region Prime Minister Nechirvan Barzani met on Thursday with his Iraqi counterpart Adil Abdul-Mahdi in Baghdad." Barzani meets with Mahdi re: HCL (?) "First visit... since the approval of (the budget)"... It's only been a week! This is moving, and fast.
2-8-2019 Intel Guru Frank26 ...we are very, very close! The RI of the Iraqi Dinar does not need the budget. The budget needs the reinstatement. That’s why everything is going before the reinstatement. That’s why it’s confusing to many people. They are doing this backwards because they have to. Everything is being set up...And that’s why the RI came out first and that’s why it’s positioned and that’s why they are International and about to make the announcement, IMO of course. The Iranian Central Bank is doing International transactions with Iraq with their own specific currencies. . ..There are a lot of things that are screaming International! Iraq is going in the right direction that the USA wants them to.
2-8-2019 Intel Guru Bruce Even though it has been relatively quiet for a lot of people, what we have received has been very good for us. ...We did hear Iraq put their budget which was passed in the Gazette yesterday. I do not know if everything they have done has been released to the world yet which is fine. At this point it is a moot point. We are not waiting on Iraq for anything... Guess what? For them to have a budget and to have it passed, they had to have a new rate which they do. I know the rate which are on the screens at the banks now. I know the rate for the Dong now. ...I mean this is happening. The rates are there. They are live. They are pulsing at the regular intervals, making the changes relatively every 18 minutes. That is normal. ...I am excited for us, guys. I am very excited for what is coming... I am excited because everything is in position to go. We should be on our way shortly. Let’s see what happens.
2-8-2019 Newshound/Intel Guru Mnt Goat Article: "RAISING ZEROS REDUCES THE MONETARY MASS AND NEEDS A DECISION FROM THE TOP" Abdul Jalil is telling us in this article many important points. 1. the banks are now making money outside of the currency auctions (loans, mortgages, card fees, etc..) and perhaps it’s time not to solely rely on the spread of the currency exchange for bank revenues, thus they can eliminate the auctions and get the project to delete the zeros done now (which includes reinstate the dinar); 2. not raising the zeros complicate contracting with companies; 3. can hold up the funding for the reconstruction efforts; [post 1 of 2....stay tuned]
2-8-2019 Newshound Guru Adam Montana Article: "Kurdistan Region Prime Minister Nechirvan Barzani met on Thursday with his Iraqi counterpart Adil Abdul-Mahdi in Baghdad." Barzani meets with Mahdi re: HCL (?) "First visit... since the approval of (the budget)"... It's only been a week! This is moving, and fast.
2-8-2019 Intel Guru Frank26 ...we are very, very close! The RI of the Iraqi Dinar does not need the budget. The budget needs the reinstatement. That’s why everything is going before the reinstatement. That’s why it’s confusing to many people. They are doing this backwards because they have to. Everything is being set up...And that’s why the RI came out first and that’s why it’s positioned and that’s why they are International and about to make the announcement, IMO of course. The Iranian Central Bank is doing International transactions with Iraq with their own specific currencies. . ..There are a lot of things that are screaming International! Iraq is going in the right direction that the USA wants them to.
2-8-2019 Intel Guru Bruce Even though it has been relatively quiet for a lot of people, what we have received has been very good for us. ...We did hear Iraq put their budget which was passed in the Gazette yesterday. I do not know if everything they have done has been released to the world yet which is fine. At this point it is a moot point. We are not waiting on Iraq for anything... Guess what? For them to have a budget and to have it passed, they had to have a new rate which they do. I know the rate which are on the screens at the banks now. I know the rate for the Dong now. ...I mean this is happening. The rates are there. They are live. They are pulsing at the regular intervals, making the changes relatively every 18 minutes. That is normal. ...I am excited for us, guys. I am very excited for what is coming... I am excited because everything is in position to go. We should be on our way shortly. Let’s see what happens.
2-7-2019 *** Dinar Guru News Update *** The 2019 Iraqi Budget was officially signed into LAW on Monday. Article: "The budget for Iraq for Fiscal Year 2019 officially became law on Monday with the signature of Iraqi President Barham Salih." This is a milestone that needed to happen for Iraq to be considered a functioning country. IMPORTANT: Now we await the printing of the 2019 Budget in the Gazette so it becomes official law. Stay tuned as the gurus chime in on the importance of the budget law to a possible increase in the value of the dinar... The latest guru posts will continue below.
2-7-2019 Gurus Walkingstick, Delta & Frank26 ...the budget has the new rate. We also said that the rate if not shown in the new budget can be retroactive to the 1st of January, 2019. Whether it’s shown I don’t know. It could go retroactive. [Guru Walkingstick] has a contract of Dec 30th at 1:1. It cannot be at a program rate. We’re very, very close.
2-7-2019 Intel Guru Frank26 This accomplishment is another reason why we are very positive they are Article 8. IMO . . . the Gazette has the budget and the reason why IMO is they are about to reveal they are article 8. They are International! Dubai Quality, another ME International relationship. Dubai Quality has just announced early this morning that they have entered into a strategic partnership with the Central Bank of Iraq. Not at a program rate. It’s illegal. This is an International step. You are not allowed to walk into that environment unless they have lifted the three zero’s from their exchange rate. Dubai Quality, this is another example of Internationalism. [post 2 of 2]
2-7-2019 Intel Guru Frank26 International, International, International! All of this...is in my opinion. Means they have lifted 3 zero’s from their rate or they could not be doing all they are doing International right now...Donald Trump went over there and basically slapped them verbally. In the last couple of weeks all the things that have happened. Iran does not send money to Iraq. Iran steals money from Iraq through the central auctions and through the GOI that has their goons that have been stealing. All of that is gone. All of that is ancient history. We are International baby. [post 1 of 2....stay tuned]
2-7-2018 Newshound Guru Adam Montana OIL 54.00 +0.63% How can it possibly be more encouraging? If oil keeps trending, there is no stopping this!
2-7-2019 Newshound/Intel Guru Mnt Goat The answer to this first question is also the answer to the second in that it is the US Treasury that will come around the banks in armored cars, as they do on normal runs, as pick up these physical IQD notes as they come into the banks. Once re-verified by the treasury department, they will be credited back to the banks. The banks will get a set allowance of $$$, probably daily, of funds from the treasury to use for this purpose of collecting these dinars or rather to help facilitate the trade deals. It is normal for the Central bank of the US to allocate funds to the banks for these purposes. Arrangements have been completed for this purpose... ...the government must come out with some mechanism to address informing us investors of where to appropriately go to conduct our exchanges of this currency... [post 2 of 2]
2-7-2019 Newshound/Intel Guru Mnt Goat EXCHANGE PROCESS... Remember how the banks operate. They need to make a profit. ...So what...are they going to do with billions and billions of Iraqi dinar in their foreign currency portfolios of reserve currencies? They will need to sell the currency to someone with a spread to make any money off it. ...Also where are they going to get all the funding to make these exchanges? ...at this time the banks will already have a customer for the dinar. The US Treasury has already made arrangements with the major/main bank branches to buy all their dinar, if they chose to trade it. So the banks do have a customer and this is why they will be taking the dinar so easily. If it weren’t for this fact there is no way that billions of dinars could be traded and taken into the banks throughout the US by average walk-in citizens. [post 1 of 2....stay tuned]
2-7-2019 Intel Guru Frank26 This accomplishment is another reason why we are very positive they are Article 8. IMO . . . the Gazette has the budget and the reason why IMO is they are about to reveal they are article 8. They are International! Dubai Quality, another ME International relationship. Dubai Quality has just announced early this morning that they have entered into a strategic partnership with the Central Bank of Iraq. Not at a program rate. It’s illegal. This is an International step. You are not allowed to walk into that environment unless they have lifted the three zero’s from their exchange rate. Dubai Quality, this is another example of Internationalism. [post 2 of 2]
2-7-2019 Intel Guru Frank26 International, International, International! All of this...is in my opinion. Means they have lifted 3 zero’s from their rate or they could not be doing all they are doing International right now...Donald Trump went over there and basically slapped them verbally. In the last couple of weeks all the things that have happened. Iran does not send money to Iraq. Iran steals money from Iraq through the central auctions and through the GOI that has their goons that have been stealing. All of that is gone. All of that is ancient history. We are International baby. [post 1 of 2....stay tuned]
2-7-2018 Newshound Guru Adam Montana OIL 54.00 +0.63% How can it possibly be more encouraging? If oil keeps trending, there is no stopping this!
2-7-2019 Newshound/Intel Guru Mnt Goat The answer to this first question is also the answer to the second in that it is the US Treasury that will come around the banks in armored cars, as they do on normal runs, as pick up these physical IQD notes as they come into the banks. Once re-verified by the treasury department, they will be credited back to the banks. The banks will get a set allowance of $$$, probably daily, of funds from the treasury to use for this purpose of collecting these dinars or rather to help facilitate the trade deals. It is normal for the Central bank of the US to allocate funds to the banks for these purposes. Arrangements have been completed for this purpose... ...the government must come out with some mechanism to address informing us investors of where to appropriately go to conduct our exchanges of this currency... [post 2 of 2]
2-7-2019 Newshound/Intel Guru Mnt Goat EXCHANGE PROCESS... Remember how the banks operate. They need to make a profit. ...So what...are they going to do with billions and billions of Iraqi dinar in their foreign currency portfolios of reserve currencies? They will need to sell the currency to someone with a spread to make any money off it. ...Also where are they going to get all the funding to make these exchanges? ...at this time the banks will already have a customer for the dinar. The US Treasury has already made arrangements with the major/main bank branches to buy all their dinar, if they chose to trade it. So the banks do have a customer and this is why they will be taking the dinar so easily. If it weren’t for this fact there is no way that billions of dinars could be traded and taken into the banks throughout the US by average walk-in citizens. [post 1 of 2....stay tuned]
2-6-2019 Newshound Guru Adam Montana ...I see that I didn't explain why the HCL is important. In a nutshell, it's important to the Kurds so they get a fair share of oil revenue, and ties in very closely to their concerns on the budget. Both of those issues are melting away, right in front of our eyes. With these two things lining up at the same time, we have the most perfect situation to see an RV that I've ever witnessed. RIGHT NOW is an amazing time to be part of this situation!
2-6-2019 Newshound Guru Kaperoni ...The dinar will never revalue or re-instate. It is a process that will take time. Once they get off the peg and begin to float.
2-6-2019 Newshound/Intel Guru Mnt Goat ...We know that in order to conduct business with the rest of the world they must significantly increase the rate of exchange on the IQD when they do post it back. Like I keep telling everyone - the VALUE is found in the Iraqi dinar it is just that the RATE does not now reflect the true value as it is being artificially suppressed due to sanctions. Oh – but we know that officially the sanctions have been “fully” lifted already since 2018. So what is the hold up then? We know for a FACT that the month of January is the BEST (but not only) month to reinstate the dinar. We just witnessed two attempts to do it in January and both times the NSA (national security agency of the US) stopped it for security reasons. I am now hearing this was due to the sanctions imposed on Iran and that the US needs assurances in two areas before this can move ahead – 1)US forces are secure in Iraq; 2)trade with Iran will not be conducted in US dollars ...This all I know and we are still in a waiting mode to how all of this gets sorted out. [post 2 of 2]
2-6-2019 Newshound/Intel Guru Mnt Goat We are waiting for the opening of the 2019 budget to begin the reconstruction. In doing so we are hoping this will also inspire the reinstatement of the dinar so investors feel comfortable coming into Iraq and investing knowing the currency is worth something and they can easily trade it outside Iraq. The updates to the investment law of 2015 are also in place and so investors can now more easily transfer funds in and out of Iraq under the law. There are also international mechanisms in place to facilitate this action. But one piece that is really needed is to have the Iraqi dinar once again listed on the global currency exchanges...It was not until the UN resolution in 2003 that ripped the IQD off the exchanges. Now they must get it listed back on. [post 1 of 2....stay tuned]
2-6-2019 Newshound Guru Adam Montana [With all that has happened they surely "can" RV and I as everyone want them to. However, what will make them want to do it now vs a month, or say 6 Months from now? What makes the trigger be pulled?] One set of letters: HCL. That, combined with the extremely positive budget. This is happening now, not 6 months ago, and not 6 months from now.
2-6-2019 Intel Guru Bruce The information over the last couple of days has been relatively little because whereas we have a number of sources that comes from banks, financial groups and institutions, and other providers most have gone entirely quiet...Either they are under an NDA or a gag order and they have been asked to stay that way. That is a very positive sign for us... I know that the rates have continued to rise slowly...We got good indicators of a slightly increase of the main ones we tend to follow...I think in this particular case if you are going to be looking for a front screen rate there is no hurry because the rates are going to continue to go up...It is going to be an interesting next few days...
2-6-2019 Newshound Guru MilitiaMan Article: "Published the text of the Budget Law 2019 after the ratification of the President of the Republic" Well, imo every citizen in Iraq, including the politicians are looking for the public announcement now on the results that should be found within the 2019 Budget. The rate for many things and imo most likely HCL monies are in there, which has to be what everyone in the world that owns Dinar is waiting for... The citizens may get retroactive pay too...So by this and with Franks [Guru Frank26] opinion among others everything is done and we await for it to come to us.
2-6-2019 Newshound Guru Kaperoni ...The dinar will never revalue or re-instate. It is a process that will take time. Once they get off the peg and begin to float.
2-6-2019 Newshound/Intel Guru Mnt Goat ...We know that in order to conduct business with the rest of the world they must significantly increase the rate of exchange on the IQD when they do post it back. Like I keep telling everyone - the VALUE is found in the Iraqi dinar it is just that the RATE does not now reflect the true value as it is being artificially suppressed due to sanctions. Oh – but we know that officially the sanctions have been “fully” lifted already since 2018. So what is the hold up then? We know for a FACT that the month of January is the BEST (but not only) month to reinstate the dinar. We just witnessed two attempts to do it in January and both times the NSA (national security agency of the US) stopped it for security reasons. I am now hearing this was due to the sanctions imposed on Iran and that the US needs assurances in two areas before this can move ahead – 1)US forces are secure in Iraq; 2)trade with Iran will not be conducted in US dollars ...This all I know and we are still in a waiting mode to how all of this gets sorted out. [post 2 of 2]
2-6-2019 Newshound/Intel Guru Mnt Goat We are waiting for the opening of the 2019 budget to begin the reconstruction. In doing so we are hoping this will also inspire the reinstatement of the dinar so investors feel comfortable coming into Iraq and investing knowing the currency is worth something and they can easily trade it outside Iraq. The updates to the investment law of 2015 are also in place and so investors can now more easily transfer funds in and out of Iraq under the law. There are also international mechanisms in place to facilitate this action. But one piece that is really needed is to have the Iraqi dinar once again listed on the global currency exchanges...It was not until the UN resolution in 2003 that ripped the IQD off the exchanges. Now they must get it listed back on. [post 1 of 2....stay tuned]
2-6-2019 Newshound Guru Adam Montana [With all that has happened they surely "can" RV and I as everyone want them to. However, what will make them want to do it now vs a month, or say 6 Months from now? What makes the trigger be pulled?] One set of letters: HCL. That, combined with the extremely positive budget. This is happening now, not 6 months ago, and not 6 months from now.
2-6-2019 Intel Guru Bruce The information over the last couple of days has been relatively little because whereas we have a number of sources that comes from banks, financial groups and institutions, and other providers most have gone entirely quiet...Either they are under an NDA or a gag order and they have been asked to stay that way. That is a very positive sign for us... I know that the rates have continued to rise slowly...We got good indicators of a slightly increase of the main ones we tend to follow...I think in this particular case if you are going to be looking for a front screen rate there is no hurry because the rates are going to continue to go up...It is going to be an interesting next few days...
2-6-2019 Newshound Guru MilitiaMan Article: "Published the text of the Budget Law 2019 after the ratification of the President of the Republic" Well, imo every citizen in Iraq, including the politicians are looking for the public announcement now on the results that should be found within the 2019 Budget. The rate for many things and imo most likely HCL monies are in there, which has to be what everyone in the world that owns Dinar is waiting for... The citizens may get retroactive pay too...So by this and with Franks [Guru Frank26] opinion among others everything is done and we await for it to come to us.
2-5-2019 Newshound Guru Adam Montana If you’re not already squirming, let me tell you - this is awesome news. A happy GOI is a GOI that we can get behind, because it’s one that is more likely to RV. And this is possibly the happiest we’ve ever seen them! ...we have more...I’m trying to contain my excitement...We may have an HCL agreement shortly! ...THIS is the kind of movement we need to see for an RV to happen, and I didn’t want to release the news without a full confirmation...you know I’ve been on an “HCL-requirement” ...No HCL = no RV...and now, after a long ride, it's not just on the horizon - it's coming at us, lights flashing and horns blaring! ... the time that we have been waiting on may be over. There is news out right now that is more encouraging regarding the HCL than ANYthing I have ever seen, and that means we’re almost there. [post 2 of 2]
2-5-2019 Newshound Guru Adam Montana ...the stars are lining up very nicely right now. ...First, the budget was submitted, signed, and looks like it will be passed, with a HUGE keynote - a significantly acceptable portion of the budget going to the Kurds. This has been a major point of contention between the parties over the years, in fact it’s possibly the biggest point of disagreement and reason for delays in the budget approval process in recent history. ...the budget...needs to be published in the Gazette to be official. This may be happening yet this week, and if it does...that will be insanely quick. [post 1 of 2....stay tuned]
2-5-2019 Newshound Guru Kaperoni Huge juice this morning...the US Treasury acknowledges they are ready to support Iraq and Kurdistan in promoting a market economy. This announcement is probably the best news that Iraq is ready to open up to the worlds financial system.
2-5-2019 Newshound/Intel Guru BGG ...we have PLAINLY published the FACTS surrounding the Kuwaiti reinstatement over and over and over. It was nothing like the various rumors portrayed on the internet... Any comments made by President Trump regarding prosperity are tied directly to his policies and have nothing to do with any future value change of the Iraqi Dinar. Value change or no – the math just doesn’t add up. A massive change in Dinar value doesn’t even bump the needle of the US financial engine. [reference Guru RVAlready post 2-4-2019]
2-5-2019 Newshound Guru Kaperoni So the 2019 budget was signed into law today...those hoping for a RV or some other overnight change in value as a result will be disappointed. Not how it works...
2-5-2019 Newshound Guru Adam Montana Article: "The President of the Republic approves the Federal Budget Law" [Hope it doesn't take 2 weeks to get published in the gazette...] ...the timing of this publication will be very important...
2-5-2019 Newshound Guru MilitiaMan Article: "Central Bank: We bought 20 trillion treasury transfers to move the market" Quote: "With the increasing confidence of international banks in the Central Bank of Iraq and the lifting of restrictions and barriers" I really do think this article is massive in that it shows they are ready to defend their new currency!! They have now told us they are ready to go live with an international exchange company that will be traded on the Iraq Stock Exchange...In addition... we see the lifting or restrictions from the CBI directly. The CBI is talking very loud...imo. Well, them telling us they have lifted restrictions and now having populated them selves with 20 Trillion in treasuries to support their currency, it is all but go time. imo.
2-5-2019 Newshound Guru Kirk H. Sowell So after a long delay, today [Monday] Iraqi President...signs the 2019 budget into law. The delay was due to parliament wanting to make amendments to the budget after it was "passed" on Jan. 24. They just sent it to Salih two days ago.
2-5-2019 Newshound Guru Adam Montana ...the stars are lining up very nicely right now. ...First, the budget was submitted, signed, and looks like it will be passed, with a HUGE keynote - a significantly acceptable portion of the budget going to the Kurds. This has been a major point of contention between the parties over the years, in fact it’s possibly the biggest point of disagreement and reason for delays in the budget approval process in recent history. ...the budget...needs to be published in the Gazette to be official. This may be happening yet this week, and if it does...that will be insanely quick. [post 1 of 2....stay tuned]
2-5-2019 Newshound Guru Kaperoni Huge juice this morning...the US Treasury acknowledges they are ready to support Iraq and Kurdistan in promoting a market economy. This announcement is probably the best news that Iraq is ready to open up to the worlds financial system.
2-5-2019 Newshound/Intel Guru BGG ...we have PLAINLY published the FACTS surrounding the Kuwaiti reinstatement over and over and over. It was nothing like the various rumors portrayed on the internet... Any comments made by President Trump regarding prosperity are tied directly to his policies and have nothing to do with any future value change of the Iraqi Dinar. Value change or no – the math just doesn’t add up. A massive change in Dinar value doesn’t even bump the needle of the US financial engine. [reference Guru RVAlready post 2-4-2019]
2-5-2019 Newshound Guru Kaperoni So the 2019 budget was signed into law today...those hoping for a RV or some other overnight change in value as a result will be disappointed. Not how it works...
2-5-2019 Newshound Guru Adam Montana Article: "The President of the Republic approves the Federal Budget Law" [Hope it doesn't take 2 weeks to get published in the gazette...] ...the timing of this publication will be very important...
2-5-2019 Newshound Guru MilitiaMan Article: "Central Bank: We bought 20 trillion treasury transfers to move the market" Quote: "With the increasing confidence of international banks in the Central Bank of Iraq and the lifting of restrictions and barriers" I really do think this article is massive in that it shows they are ready to defend their new currency!! They have now told us they are ready to go live with an international exchange company that will be traded on the Iraq Stock Exchange...In addition... we see the lifting or restrictions from the CBI directly. The CBI is talking very loud...imo. Well, them telling us they have lifted restrictions and now having populated them selves with 20 Trillion in treasuries to support their currency, it is all but go time. imo.
2-5-2019 Newshound Guru Kirk H. Sowell So after a long delay, today [Monday] Iraqi President...signs the 2019 budget into law. The delay was due to parliament wanting to make amendments to the budget after it was "passed" on Jan. 24. They just sent it to Salih two days ago.
2-4-2019 Intel Guru RayRen98 It's the first part of the week. A brand new week with some new exciting things we’re looking forward to...We'll see what happens tomorrow and where that puts us...
2-4-2019 Newshound/Intel Guru RVAlready About the only thing Trump has ever said is that prosperity is coming. Just as Bill Clinton never mentioned Kuwait in public, I doubt that Trump will ever mention The Iraq RV in public….. There are ...people who made good money from the Kuwait revaluation, but it was never announced in public.
2-4-2019 Newshound/Intel Guru Mnt Goat I do find is weird how the CBI has NOT given us an update on the “project to delete the zeros” for over three months. They normally give us an update each month. So we can expect one soon. We know for a fact that the CBI has already contracted with a German firm to print the smaller category notes. Also the coins are already stamped are waiting for distribution. So this is VERY close. What are they waiting for to finally launch the reinstatement? I believe it is political stability (get govt fully formed) and the elimination of the harmful Iranian influence (in the govt matters). [post 2 of 2]
2-4-2019 Newshound/Intel Guru Mnt Goat ...It is like we are in a holding pattern, ready for takeoff but just not yet. The CBI has not given any indication whatsoever of targeting a reinstatement this week or any day soon. But we know it is waiting in the wings. I am waiting to see how this all plays out with the completion of the election process. We know from a recent article that completing his process is VERY important for the CBI as it can demonstrate STABILITY or INSTABILITY, depending on what direction it takes. [post 1 of 2....stay tuned]
2-4-2019 Newshound Guru ChrisC ...the Dec 30 date...I don't believe he [Guru Frank26] haphazardly threw that out there. I have been following Frank for years and he has never pinned himself down to a date and time like that and I think it bears a lot of attention. He wouldn't have given that date and time if it wasn't real, but I think we should be asking ourselves why they did that but haven't revealed it yet. We HAVE to be sitting right on top of this, but I don't know what they are holding for, and based on what we think we know about IMF rules, more important ...can they continue to delay the reveal and if so, for how long?
2-4-2019 Intel Guru ADMINBILL ...THERE ARE MANY WAYS TO VIEW WHY WE HAVE NOT SEEN THIS COME TO FRUITION YET...IT REMAINS MY OPINION THAT THERE HAVE BEEN A SELECT FEW THAT BEGAN A PROCESS SEVERAL YEARS AGO THAT AIMED AT PROTECTING THE POTENTIAL OF DOING GOOD WHILE SLOWLY OVERCOMING EVIL PEOPLE AND GAINING THE UPPER HAND. IT APPEARS THE GOOD GUYS HAVE SUCCEEDED BUT THE "PROCESS" HAS BEEN LONG AND PAINFUL AND WILL END. PERHAPS SOON.
2-4-2019 Newshound Guru Adam Montana ...I've been on hold all week regarding this HCL news. It hasn't fallen through, and that means it's possibly going through...With any luck, this HCL news is going to materialize...Fingers crossed!
2-4-2019 Newshound/Intel Guru RVAlready About the only thing Trump has ever said is that prosperity is coming. Just as Bill Clinton never mentioned Kuwait in public, I doubt that Trump will ever mention The Iraq RV in public….. There are ...people who made good money from the Kuwait revaluation, but it was never announced in public.
2-4-2019 Newshound/Intel Guru Mnt Goat I do find is weird how the CBI has NOT given us an update on the “project to delete the zeros” for over three months. They normally give us an update each month. So we can expect one soon. We know for a fact that the CBI has already contracted with a German firm to print the smaller category notes. Also the coins are already stamped are waiting for distribution. So this is VERY close. What are they waiting for to finally launch the reinstatement? I believe it is political stability (get govt fully formed) and the elimination of the harmful Iranian influence (in the govt matters). [post 2 of 2]
2-4-2019 Newshound/Intel Guru Mnt Goat ...It is like we are in a holding pattern, ready for takeoff but just not yet. The CBI has not given any indication whatsoever of targeting a reinstatement this week or any day soon. But we know it is waiting in the wings. I am waiting to see how this all plays out with the completion of the election process. We know from a recent article that completing his process is VERY important for the CBI as it can demonstrate STABILITY or INSTABILITY, depending on what direction it takes. [post 1 of 2....stay tuned]
2-4-2019 Newshound Guru ChrisC ...the Dec 30 date...I don't believe he [Guru Frank26] haphazardly threw that out there. I have been following Frank for years and he has never pinned himself down to a date and time like that and I think it bears a lot of attention. He wouldn't have given that date and time if it wasn't real, but I think we should be asking ourselves why they did that but haven't revealed it yet. We HAVE to be sitting right on top of this, but I don't know what they are holding for, and based on what we think we know about IMF rules, more important ...can they continue to delay the reveal and if so, for how long?
2-4-2019 Intel Guru ADMINBILL ...THERE ARE MANY WAYS TO VIEW WHY WE HAVE NOT SEEN THIS COME TO FRUITION YET...IT REMAINS MY OPINION THAT THERE HAVE BEEN A SELECT FEW THAT BEGAN A PROCESS SEVERAL YEARS AGO THAT AIMED AT PROTECTING THE POTENTIAL OF DOING GOOD WHILE SLOWLY OVERCOMING EVIL PEOPLE AND GAINING THE UPPER HAND. IT APPEARS THE GOOD GUYS HAVE SUCCEEDED BUT THE "PROCESS" HAS BEEN LONG AND PAINFUL AND WILL END. PERHAPS SOON.
2-4-2019 Newshound Guru Adam Montana ...I've been on hold all week regarding this HCL news. It hasn't fallen through, and that means it's possibly going through...With any luck, this HCL news is going to materialize...Fingers crossed!
2-3-2019 Newshound/Intel Guru RVAlready This may not hit forex until after we exchange. So, each bank could have a different rate. And the rate could vary from one customer to another. We will have to see what happens. This is why Ray [Guru RayRen98] said to wait a couple of days, so we can see which banks have the best rates.
2-3-2019 Intel Guru RayRen98 DOES ANYONE KNOW ANY BANKERS WHO ARE UP AT THIS HOUR??? RATES ARE CLIMBING ON THE "FRONT" SCREENS...THEY'RE GETTIN' EXCITED. [Did you find that out from a banker?] YES. [ I heard after the superbowl game that things are going to get very interesting.] MAYBE BEFORE!!
2-3-2019 Intel Guru RayRen98 DOES ANYONE KNOW ANY BANKERS WHO ARE UP AT THIS HOUR??? RATES ARE CLIMBING ON THE "FRONT" SCREENS...THEY'RE GETTIN' EXCITED. [Did you find that out from a banker?] YES. [ I heard after the superbowl game that things are going to get very interesting.] MAYBE BEFORE!!
2-2-2019 Newshound Guru MilitiaMan Articles: "ASSOCIATION OF EXCHANGE COMPANIES IN IRAQ ASPIRATIONS AND CHALLENGES"; "The House of Representatives sends the Budget Law to the Presidency for approval" Tomorrow is the beginning of the week.. The money ex-changers are going to need the rate, that rate also precedes the budget.. They clearly have this timed.. Today the articles about Jordan, money ex-changers with NGSs to help facilitate the implementation of the new.. All very well timed.. It won't stop now nor fail imo...
2-2-2019 Intel Guru Delta Article: "The House of Representatives sends the Budget Law to the Presidency for approval" [How many days does the President have to approve and send to the Gazette?] 15 DAYS BUT HE DOESN'T HAVE TO WAIT 15 DAYS TO SIGN IT...
2-2-2019 Newshound/Intel Guru Mnt Goat [I'm still confused how/why they tried to RI without the gas law and the full government seated, as you have stated several times we need?] HCL is in parts. Most of it already passed but not implemented to the level it should.
2-2-2019 Intel Guru Footforward ...I think we are getting close...we really just need to be ready...
2-2-2019 Newshound Guru Adam Montana I took a nice long "break" while things were slow... if my opinion on this, and the current state of things, is correct... there's a good reason I am making myself seen around here again.
2-2-2019 Intel Guru Delta Article: "The House of Representatives sends the Budget Law to the Presidency for approval" [How many days does the President have to approve and send to the Gazette?] 15 DAYS BUT HE DOESN'T HAVE TO WAIT 15 DAYS TO SIGN IT...
2-2-2019 Newshound/Intel Guru Mnt Goat [I'm still confused how/why they tried to RI without the gas law and the full government seated, as you have stated several times we need?] HCL is in parts. Most of it already passed but not implemented to the level it should.
2-2-2019 Intel Guru Footforward ...I think we are getting close...we really just need to be ready...
2-2-2019 Newshound Guru Adam Montana I took a nice long "break" while things were slow... if my opinion on this, and the current state of things, is correct... there's a good reason I am making myself seen around here again.
2-1-2019 Newshound/Intel Guru Mnt Goat Article: "AYSAN CALLS ON THE CENTRAL BANK TO INCREASE THE SHARE OF MAYSAN OF THE SMALL CURRENCY" ...this is such a juicy article...more proof that the smaller categories of 250, 500 and 1000 dinars are increasing in demand as being used for petty cash and everyday shopping. So we see the CBI is due to launch a second batch of even yet smaller categories as they said they would do as the market drives it. This is all fantastic news for us.
2-1-2019 Newshound Guru Adam Montana Question: Is Iraq going to "lop"? Iraq has already made strong progress in rebuilding and obtaining international credit. They do not have an emergency situation, like Zimbabwe or Venezuela. In fact, Iraqs international credit is rated across the board as “B grade” and “Stable”. Iraq has already made tons of progress here. A lop is not going to enhance that. The CBI already controls the currency market. There is no need for further action. Iraqs most recent inflation was measured at about 2% - almost identical to the United States. We are not talking about Zimbabwe here! Multiple currencies are used in Iraq, but there are no threats of replacing the Iraqi Dinar...Since 1960, only 71 cases of lopping have occurred...None of those countries are Iraq, have Iraq's resources, have Iraq's potential...Pretty solid evidence that a lop is a pretty low probability event for us here, don't you think?
2-1-2019 Intel Guru RayRen98 It's Friday. Looking for an exciting weekend. If your not chasing the contract rate, remember it gets greater later... ...It's done! It's finished!
2-1-2019 Intel Guru Bruce [via PinkRoses] Intel really came in strong today [Thursday]. It is still coming in strong...The information we had today is so positive because we see movement and see things happening. We know liquidity is coming, and we know that we are just about at the end of the ride. Some people say we are (48) hours away to the end, some say (72) hours. We do not know exactly when, but we know...some very positive things happened. ...There are number of currencies, all the ones we know about in the first basket are gold back or asset back. ...I am going to say I am very encouraged and I very much seeing movement in the direction we want to see it...I am under the understanding we could have some sort of lift off before midnight tonight [Thursday].
2-1-2019 Newshound Guru Adam Montana ...these things are: 1. RV (ReValue) 2. Lop (remove some zeros, either from the exchange rate or the denominations) 3. Nothing. ...my opinion of our possible outcomes in this situation is this: 79% chance we see a change in the value upwards in the near future. 20% chance they do nothing other than maintain the status quo (for now). And a slight 1% chance of a lop. Personally...I like love those odds, and I'm sticking it out. I'm also preparing for the eventual change in value... [post 2 of 2]
2-1-2019 Newshound Guru Adam Montana Question: Is Iraq going to "lop"? In the case of Iraq, one of 3 things is going to happen eventually, with “eventually” being either immediately, next week, or maybe a year from now. There is no “deadline” that they are bound to, nor will there ever be one in the current political and economic climate. Certainly there will be factors that could encourage Iraq to move faster or bide their time, but there is no entity or force on the planet that can force Iraq to make any changes to their monetary policy. Like I said at the start, Iraq will do one of three things... [post 1 of 2....stay tuned]
2-1-2019 Newshound Guru Adam Montana Question: Is Iraq going to "lop"? Iraq has already made strong progress in rebuilding and obtaining international credit. They do not have an emergency situation, like Zimbabwe or Venezuela. In fact, Iraqs international credit is rated across the board as “B grade” and “Stable”. Iraq has already made tons of progress here. A lop is not going to enhance that. The CBI already controls the currency market. There is no need for further action. Iraqs most recent inflation was measured at about 2% - almost identical to the United States. We are not talking about Zimbabwe here! Multiple currencies are used in Iraq, but there are no threats of replacing the Iraqi Dinar...Since 1960, only 71 cases of lopping have occurred...None of those countries are Iraq, have Iraq's resources, have Iraq's potential...Pretty solid evidence that a lop is a pretty low probability event for us here, don't you think?
2-1-2019 Intel Guru RayRen98 It's Friday. Looking for an exciting weekend. If your not chasing the contract rate, remember it gets greater later... ...It's done! It's finished!
2-1-2019 Intel Guru Bruce [via PinkRoses] Intel really came in strong today [Thursday]. It is still coming in strong...The information we had today is so positive because we see movement and see things happening. We know liquidity is coming, and we know that we are just about at the end of the ride. Some people say we are (48) hours away to the end, some say (72) hours. We do not know exactly when, but we know...some very positive things happened. ...There are number of currencies, all the ones we know about in the first basket are gold back or asset back. ...I am going to say I am very encouraged and I very much seeing movement in the direction we want to see it...I am under the understanding we could have some sort of lift off before midnight tonight [Thursday].
2-1-2019 Newshound Guru Adam Montana ...these things are: 1. RV (ReValue) 2. Lop (remove some zeros, either from the exchange rate or the denominations) 3. Nothing. ...my opinion of our possible outcomes in this situation is this: 79% chance we see a change in the value upwards in the near future. 20% chance they do nothing other than maintain the status quo (for now). And a slight 1% chance of a lop. Personally...I like love those odds, and I'm sticking it out. I'm also preparing for the eventual change in value... [post 2 of 2]
2-1-2019 Newshound Guru Adam Montana Question: Is Iraq going to "lop"? In the case of Iraq, one of 3 things is going to happen eventually, with “eventually” being either immediately, next week, or maybe a year from now. There is no “deadline” that they are bound to, nor will there ever be one in the current political and economic climate. Certainly there will be factors that could encourage Iraq to move faster or bide their time, but there is no entity or force on the planet that can force Iraq to make any changes to their monetary policy. Like I said at the start, Iraq will do one of three things... [post 1 of 2....stay tuned]
1-31-2019 Newshound Guru Kaperoni Several article have surfaced the last few days implying Iraq plans to open their economy to the world in the 'next phase' or 'next stage.' I caution those who think that may be within a week or so. It still could be months. Iraq still has numerous laws to pass or make changes too to invite investment. Parliament is on a break and the next session may not be enough time to pass the needed legislation. A critical piece of the puzzle is coming up February 10-11. Iraqi Finance 2019 could give us some needed timeframes as Iraq continues to transition to a market economy. [See the official list of guru "Possible To-Dos" to on the left column of this page]
1-31-2019 Newshound/Intel Guru Mnt Goat Article: "REVEALED: REASONS FOR DELAYING THE MOVE TO IMPROVE THE INVESTMENT ENVIRONMENT AND THE PRIVATE SECTOR IN IRAQ" Quote: “delayed DUE TO CONCERN ABOUT THE ELECTIONS AND AFTER THE FORMATION OF THE GOVERNMENT," stressing that "in the coming days will witness the actual beginning of the application of these procedures." ...this...paragraph ...is probably the most important of all. So we just have to sit tight and wait to see what they do.
1-31-2019 Newshound/Intel Guru BGG ...IMF Article 8 and UN CHAPTER 7 are completely different issues. UN Chapter 7 was a series of UN sanctions stemming from the Gulf War era… IMF Article 14 is a set of obligations and responsibilities which Iraq has accepted and complied with (monetary policy wise) – Once they demonstrate they are fully able, they should accept and move on into Article 8 (from Article 14) – which is a different set of responsibilities and obligations. All of which will be done with IMF oversight and guidance.
1-31-2019 Newshound Guru MilitiaMan Article: "The next stage will witness great economic openness on the regional and global environment" Quote: "the most important items that were added to the law of the general budget 2019, and is likely to arrive in less than two days to the government and the Presidency of the Republic for ratification and start to apply." No going back from here imo. We are going to get paid. imo. Lets keep in mind the article suggests the Ratification is within two days...real close... imo.
1-31-2019 Newshound Guru Phillyman Article: "Abdul Mahdi: The next stage will witness a great economic openness to the world" Quote: "For his part, Abdul-Mahdi said that "the next phase will witness great economic openness on the regional and global environment. Within two days, an important agreement will be implemented with Jordan on the export of oil and the opening of Trebil." ...I continue to follow the news and believe that Iraq despite its battles with corruption and the conflicts in the region is going to make major moves forward economically.
1-31-2019 Newshound Guru Adam Montana We’re on the cusp of a good number of significant possibilities, so I’m not ruling anything out...we have some REAL good news coming soon...Good things come to those that wait, and it's looking like we've all waited about long enough... things are coming for us.
1-31-2019 Newshound/Intel Guru Mnt Goat Article: "REVEALED: REASONS FOR DELAYING THE MOVE TO IMPROVE THE INVESTMENT ENVIRONMENT AND THE PRIVATE SECTOR IN IRAQ" Quote: “delayed DUE TO CONCERN ABOUT THE ELECTIONS AND AFTER THE FORMATION OF THE GOVERNMENT," stressing that "in the coming days will witness the actual beginning of the application of these procedures." ...this...paragraph ...is probably the most important of all. So we just have to sit tight and wait to see what they do.
1-31-2019 Newshound/Intel Guru BGG ...IMF Article 8 and UN CHAPTER 7 are completely different issues. UN Chapter 7 was a series of UN sanctions stemming from the Gulf War era… IMF Article 14 is a set of obligations and responsibilities which Iraq has accepted and complied with (monetary policy wise) – Once they demonstrate they are fully able, they should accept and move on into Article 8 (from Article 14) – which is a different set of responsibilities and obligations. All of which will be done with IMF oversight and guidance.
1-31-2019 Newshound Guru MilitiaMan Article: "The next stage will witness great economic openness on the regional and global environment" Quote: "the most important items that were added to the law of the general budget 2019, and is likely to arrive in less than two days to the government and the Presidency of the Republic for ratification and start to apply." No going back from here imo. We are going to get paid. imo. Lets keep in mind the article suggests the Ratification is within two days...real close... imo.
1-31-2019 Newshound Guru Phillyman Article: "Abdul Mahdi: The next stage will witness a great economic openness to the world" Quote: "For his part, Abdul-Mahdi said that "the next phase will witness great economic openness on the regional and global environment. Within two days, an important agreement will be implemented with Jordan on the export of oil and the opening of Trebil." ...I continue to follow the news and believe that Iraq despite its battles with corruption and the conflicts in the region is going to make major moves forward economically.
1-31-2019 Newshound Guru Adam Montana We’re on the cusp of a good number of significant possibilities, so I’m not ruling anything out...we have some REAL good news coming soon...Good things come to those that wait, and it's looking like we've all waited about long enough... things are coming for us.
1-30-2019 Newshound Guru Kaperoni ...UN chapter 7 is differnet than IMF Article VIII. Iraq is in IMF Article XIV and from there they will move to VIII.
[See the Possible To-Do List on the left of this page for the full list of things some gurus feel need to be done.]
1-30-2019 Newshound/Intel Guru Mnt Goat So here we are the end of January already and still no RV. It has been a disappointing month for us but we do know that they made 2 planned attempts to RV this month in Iraq. Both were stopped by the US under NSA reasons.
1-30-2019 Intel Guru RayRen98 Iraqi TV is rampant with messages, statements, allegations and etc.
1. CBI governor Alaq informing the citizens that the reason for the delays is to increase the environment of the private sector.
2. Cleric Sadr calling for Alaq's dismissal from the CBI and referencing close ties to Maliki.
3. PM Mahdi threatens those who stole several billion dinar with publicly revealing their names and being prosecuted if the currency is not returned within one week.
4. Alaq is again on TV adding that the delay is also attributed to the concerns over the cabinet selections.
Note: WAITING FOR STOLEN CURRENCY TO BE RETURNED WILL NOT HOLD UP THE RV.
1-30-2019 Intel Guru Bruce Iraq is basically out of the way. They did get a phone call from our President couple of days ago about being placed into Chapter 8 out of Chapter 7. They are in position now where they have their ATM machines loaded with their new currency, and they have been given instructions to take in all of the US Dollar, what we call USD, the fiat dollars, to collect all of those by the first of February because our USTN is going to be in a position where they should be out and live by or on February 1, 2019. That is a really good sign for us. ...Even though we have noticed the bank screens have a stamp day of tomorrow [Wednesday], Thursday and Friday, January 30, 31, and February 1st...They still do not have an exact start date for us...I would say we are looking for good the next 3 days especially Thursday and Friday... Everything is pointing to an imminent release for us. ...Union Operational rates, pages have been down. That is kind of unusual for those pages to go down, but I think they may bring those Operational rates back up on February 1st and they may reveal the current currency rates...I am excited where we are. I have heard really good things about the next three days.
1-30-2019 Newshound Guru Currency365 I would love to see something done with the CBI and the rate change before the American troops leave...I don't want the troops to leave before the rate change...We made that mistake the first time and we know what happened...if someone can take this back to Donald Trump...we do not want the troops to leave until they have completed the mission by removing the program rate and raising the value...giving them purchasing power and distributing the oil revenues to the citizens...they were supposed to have done that already...they have not held up their part of the bargain...
[See the Possible To-Do List on the left of this page for the full list of things some gurus feel need to be done.]
1-30-2019 Newshound/Intel Guru Mnt Goat So here we are the end of January already and still no RV. It has been a disappointing month for us but we do know that they made 2 planned attempts to RV this month in Iraq. Both were stopped by the US under NSA reasons.
1-30-2019 Intel Guru RayRen98 Iraqi TV is rampant with messages, statements, allegations and etc.
1. CBI governor Alaq informing the citizens that the reason for the delays is to increase the environment of the private sector.
2. Cleric Sadr calling for Alaq's dismissal from the CBI and referencing close ties to Maliki.
3. PM Mahdi threatens those who stole several billion dinar with publicly revealing their names and being prosecuted if the currency is not returned within one week.
4. Alaq is again on TV adding that the delay is also attributed to the concerns over the cabinet selections.
Note: WAITING FOR STOLEN CURRENCY TO BE RETURNED WILL NOT HOLD UP THE RV.
1-30-2019 Intel Guru Bruce Iraq is basically out of the way. They did get a phone call from our President couple of days ago about being placed into Chapter 8 out of Chapter 7. They are in position now where they have their ATM machines loaded with their new currency, and they have been given instructions to take in all of the US Dollar, what we call USD, the fiat dollars, to collect all of those by the first of February because our USTN is going to be in a position where they should be out and live by or on February 1, 2019. That is a really good sign for us. ...Even though we have noticed the bank screens have a stamp day of tomorrow [Wednesday], Thursday and Friday, January 30, 31, and February 1st...They still do not have an exact start date for us...I would say we are looking for good the next 3 days especially Thursday and Friday... Everything is pointing to an imminent release for us. ...Union Operational rates, pages have been down. That is kind of unusual for those pages to go down, but I think they may bring those Operational rates back up on February 1st and they may reveal the current currency rates...I am excited where we are. I have heard really good things about the next three days.
1-30-2019 Newshound Guru Currency365 I would love to see something done with the CBI and the rate change before the American troops leave...I don't want the troops to leave before the rate change...We made that mistake the first time and we know what happened...if someone can take this back to Donald Trump...we do not want the troops to leave until they have completed the mission by removing the program rate and raising the value...giving them purchasing power and distributing the oil revenues to the citizens...they were supposed to have done that already...they have not held up their part of the bargain...
1-29-2019 Intel Guru Delta ...FROM IRAQIA TV EXCHANGE RATE IN IRAQI MARKET IS SHOWING NOW AT: 1USD =1186.40 DINARS...
1-29-2019 Intel Guru Frank26 [via Clare] Article: "Ascension of Iraq to the International Organization of Securities Commission" Welcome to the World Iraq!!!! (since Jan 1)... Welcome to the world Iraqi Citizens...Welcome to the finish line...Allow time to show you the revelation of your destiny...
1-29-2019 Newshound Guru Kaperoni Guru Militiaman thinks they may float the dinar...Actually the truth is no RV at all. Not possible.
1-29-2019 Intel Guru Frank26 [via Clare] Article: "Ascension of Iraq to the International Organization of Securities Commission" Welcome to the World Iraq!!!! (since Jan 1)... Welcome to the world Iraqi Citizens...Welcome to the finish line...Allow time to show you the revelation of your destiny...
1-29-2019 Newshound Guru Kaperoni Guru Militiaman thinks they may float the dinar...Actually the truth is no RV at all. Not possible.
1-28-2019 Newshound/Intel Guru Mnt Goat Article: "FIVE-POINT PROPOSAL AIMED AT REMOVING FOREIGN FORCES FROM IRAQ" ...just remember that it is the Iranian influence who is constantly pushing Iraq to get the US out. ...I keep telling everyone that this influence must be gone or no RV. I have said this many times and so in this why the NSA pulled the plug on the RV a week ago?
1-28-2019 Intel Guru RayRen98 I was really thinking we would have a different conversation today. It's coming. When it pops, are you going to be ready? Have your plan together? Those going after the contract rate don't wait. For the rest of us waiting, can be rewarding. If anything pops out we'll keep you updated. ...We are just waiting for the call any day. Maybe tomorrow or today.
1-28-2019 Intel Guru Jester [...is this MR going to happen this week? Monetary Reform] I DO NOT SEE ANY INDICATION THAT WE WILL BE MOVING FORWARD THIS WEEK... EVEN THOUGH MANY WOULD LIKE TO SEE IT THERE IS STILL TOO MUCH CONTROVERSY IN THE BANKING SYSTEM FOR ANYONE TO THINK IT IS ANYWHERE NEAR SAFE AT THIS POINT...UNTIL THIS IS TAKEN CARE OF I DO NOT THINK WE WILL SEE A DARN THING HAPPEN...
1-28-2019 Newshound/Intel Guru Mnt Goat We also know of the reconstruction plan 2018-2022 and so when will they mount up and move ahead aggressively with this plan? We are now seeing some signs but this money for these types of projects is coming from oil revenues and not donor nations or investors (electric grid, water plants and sewage). But remember you need to rebuild the infrastructure first before you can rebuild the buildings. So this is a promising sign. So now is a waiting game. We just sit and wait. [post 2 of 2]
1-28-2019 Newshound/Intel Guru Mnt Goat I am not hearing anything from the CBI on a matter of completion of the project to delete the zeros. With only three days remaining in January I doubt if we are going to see any RV this month. I do not have another window of opportunity for you. Like you I am very disappointed we did not yet see the RV. ...I do know that the US NSA stopped it on Jan 19th probably due to SECURITY reasons with Iranian influence in the elections. The three remaining ministers still have not yet been voted on. They are now fighting to get the Iranian militias out of Iraq. Since ISIS is now gone and the US is helping to protect the borders keep them out, there is no use for these militias any longer to occupy Iraq. [post 1 of 2....stay tuned]
1-28-2019 Newshound Guru G-Lin Article: "The text of the Federal Court's appeal of articles in the law of the National Oil Company" That last art. happened last Wednesday. It was pretty darn important. The National Oil Co. was trying to withhold the oil share money from the people of Iraq. Keep it all for themselves. The Supreme Court ruled the amendments unconstitutional. YAY!!!
1-28-2019 Intel Guru RayRen98 I was really thinking we would have a different conversation today. It's coming. When it pops, are you going to be ready? Have your plan together? Those going after the contract rate don't wait. For the rest of us waiting, can be rewarding. If anything pops out we'll keep you updated. ...We are just waiting for the call any day. Maybe tomorrow or today.
1-28-2019 Intel Guru Jester [...is this MR going to happen this week? Monetary Reform] I DO NOT SEE ANY INDICATION THAT WE WILL BE MOVING FORWARD THIS WEEK... EVEN THOUGH MANY WOULD LIKE TO SEE IT THERE IS STILL TOO MUCH CONTROVERSY IN THE BANKING SYSTEM FOR ANYONE TO THINK IT IS ANYWHERE NEAR SAFE AT THIS POINT...UNTIL THIS IS TAKEN CARE OF I DO NOT THINK WE WILL SEE A DARN THING HAPPEN...
1-28-2019 Newshound/Intel Guru Mnt Goat We also know of the reconstruction plan 2018-2022 and so when will they mount up and move ahead aggressively with this plan? We are now seeing some signs but this money for these types of projects is coming from oil revenues and not donor nations or investors (electric grid, water plants and sewage). But remember you need to rebuild the infrastructure first before you can rebuild the buildings. So this is a promising sign. So now is a waiting game. We just sit and wait. [post 2 of 2]
1-28-2019 Newshound/Intel Guru Mnt Goat I am not hearing anything from the CBI on a matter of completion of the project to delete the zeros. With only three days remaining in January I doubt if we are going to see any RV this month. I do not have another window of opportunity for you. Like you I am very disappointed we did not yet see the RV. ...I do know that the US NSA stopped it on Jan 19th probably due to SECURITY reasons with Iranian influence in the elections. The three remaining ministers still have not yet been voted on. They are now fighting to get the Iranian militias out of Iraq. Since ISIS is now gone and the US is helping to protect the borders keep them out, there is no use for these militias any longer to occupy Iraq. [post 1 of 2....stay tuned]
1-28-2019 Newshound Guru G-Lin Article: "The text of the Federal Court's appeal of articles in the law of the National Oil Company" That last art. happened last Wednesday. It was pretty darn important. The National Oil Co. was trying to withhold the oil share money from the people of Iraq. Keep it all for themselves. The Supreme Court ruled the amendments unconstitutional. YAY!!!
1-27-2019 Newshound Guru Sunkissed Article: "Accession of Iraq to the International Organization of Securities Commissions" That's STOCK MARKET talk! --- SECURITIES! How can one be a MEMBER of the IOSC without a convertible currency? It would be like buying tires and you don't own a car!! Why be invited to the annual meeting in May if you won't have a convertible currency? Could THIS be what Iraq was waiting on?
1-27-2019 Intel Guru Delta [...From all of your research and contacts, what do you think about volume of dinar now compared to Saddam's time?...] IMO THE NOTE COUNT IS NOT AN ISSUE ANY MORE.... CBI IS READY AND TOLD US THEY ARE PREPARING TO LIFT ZEROS. IT DOES LOOK GOOD...IT'S NOT AN OPTION ...THEY MUST DO IT...
1-27-2019 Newshound Guru MilitiaMan Article: "Association of Private Banks will participate tomorrow (Sunday) in the meeting of the Arab Monetary Fund" Quote: "the meeting will address the concepts of financial inclusion and ways to raise the rate at the level of the Arab world" Sure sounds like what we were told by WS in the past. AMF / AAD - IMF - SDR is at play. The IQD maybe forced to float in a basket of currencies. Well, interestingly enough not only is it in ink from a recent article, it has been verified by those in Iraq that would need to know to be a true statement and that may be exactly what we will see out of this. The decision makers for the Finance Conference 2019 in February will be needing the results of the new formulated numbers from the 2019 Budget as in international rate (imo), just as the Arab Monetary Fund will. So I hope we all can see the sense of urgency at play now. The crunch time is seriously upon us and them... imo.
1-27-2019 Newshound/Intel Guru RVAlready I think the sudden passage of the budget was a pretty good indication that this is about to bust loose... The fact that Allaq announced, a day in advance, that the budget would pass, told me everything I needed to know about who was in control of this process in Iraq... Hint...it isn't anybody in the parliament… This is in the hands of Allaq, IMF, and Trump.
1-27-2019 Newshound Guru MilitiaMan 6) they have a conference for investors scheduled in February and they will need the rate prior to that or it will FAIL!!! It will be a massive boon for them or a huge screw up as I see it. That is imo not going to happen, as they have come way to far as the laundry list is clearly showing me that they are working to get this done ASAP. There are contracts that need to be sorted within the next few days and that too adds gas to the fire!! Let’s not forget the Kurds just got what the wanted and then some and Mahdi is talking to the Radio and Media today.. - Imo - so let’s see how things play out... [post 2 of 2]
1-27-2019 Newshound Guru MilitiaMan This next week is critical for us in that there is evidence as I see that is clear to me that this process of implementation of MR is full throttle now to be completed and for many reasons. 1) the banks are linked globally and wire transferring money and in IQD is a reality. 2) Security and stability as noted by the green zone and the barriers around the CBI. 3) they appear to have printed $238+- mil in new currency. 4) EY, PWC and KPMG were in Alaks office last Sunday. 5) the 2019 budget is passed by 278 people into late night early morning the other day and now being calculated by the CBI, and most likely signed by the President and off to the Gazette shortly if not already. [post 1 of 2....stay tuned]
1-27-2019 Intel Guru Delta [...From all of your research and contacts, what do you think about volume of dinar now compared to Saddam's time?...] IMO THE NOTE COUNT IS NOT AN ISSUE ANY MORE.... CBI IS READY AND TOLD US THEY ARE PREPARING TO LIFT ZEROS. IT DOES LOOK GOOD...IT'S NOT AN OPTION ...THEY MUST DO IT...
1-27-2019 Newshound Guru MilitiaMan Article: "Association of Private Banks will participate tomorrow (Sunday) in the meeting of the Arab Monetary Fund" Quote: "the meeting will address the concepts of financial inclusion and ways to raise the rate at the level of the Arab world" Sure sounds like what we were told by WS in the past. AMF / AAD - IMF - SDR is at play. The IQD maybe forced to float in a basket of currencies. Well, interestingly enough not only is it in ink from a recent article, it has been verified by those in Iraq that would need to know to be a true statement and that may be exactly what we will see out of this. The decision makers for the Finance Conference 2019 in February will be needing the results of the new formulated numbers from the 2019 Budget as in international rate (imo), just as the Arab Monetary Fund will. So I hope we all can see the sense of urgency at play now. The crunch time is seriously upon us and them... imo.
1-27-2019 Newshound/Intel Guru RVAlready I think the sudden passage of the budget was a pretty good indication that this is about to bust loose... The fact that Allaq announced, a day in advance, that the budget would pass, told me everything I needed to know about who was in control of this process in Iraq... Hint...it isn't anybody in the parliament… This is in the hands of Allaq, IMF, and Trump.
1-27-2019 Newshound Guru MilitiaMan 6) they have a conference for investors scheduled in February and they will need the rate prior to that or it will FAIL!!! It will be a massive boon for them or a huge screw up as I see it. That is imo not going to happen, as they have come way to far as the laundry list is clearly showing me that they are working to get this done ASAP. There are contracts that need to be sorted within the next few days and that too adds gas to the fire!! Let’s not forget the Kurds just got what the wanted and then some and Mahdi is talking to the Radio and Media today.. - Imo - so let’s see how things play out... [post 2 of 2]
1-27-2019 Newshound Guru MilitiaMan This next week is critical for us in that there is evidence as I see that is clear to me that this process of implementation of MR is full throttle now to be completed and for many reasons. 1) the banks are linked globally and wire transferring money and in IQD is a reality. 2) Security and stability as noted by the green zone and the barriers around the CBI. 3) they appear to have printed $238+- mil in new currency. 4) EY, PWC and KPMG were in Alaks office last Sunday. 5) the 2019 budget is passed by 278 people into late night early morning the other day and now being calculated by the CBI, and most likely signed by the President and off to the Gazette shortly if not already. [post 1 of 2....stay tuned]
1-26-2019 Newshound/Intel Guru Mnt Goat Article: "Prime Minister Adel Abdul Mahdi, on Tuesday, the unification of customs tariffs and full control of all border crossings of the country" we have been told many years ago that the customs and tariffs revenue for Iraq could rival the oil revenue if it could be unified and fully controlled. So this article...says they have done it. But remember in order to determine the amount of billing they need to be able to convert the foreign currency to equivalent dinar and they can’t do that unless the dinar is on the global currency exchanges. We know they have integrated already with a global import/export system. So is this the next step coming soon to complete the project?
1-26-2019 Intel Guru RayRen98 Parliament met today and announced the end of the first legislative term of the new government. PM Mahdi hasn't been hosted yet...no cabinet vote selections were concluded. "Supposedly" conclusion of the cabinet vote is postponed until March? [Don't panic, watch what they do...not what they say]
1-26-2019 Intel Guru Frank26 [via TBall] IMO...this ride is just about over with starting today. Trump reopened the US Gov for the RV....to get it done...Iraq needed this time to release it 1-3 weeks...They approved their budget for the first time in over 14 years on Tuesday...
1-26-2019 Newshound/Intel Guru Mnt Goat We still have 6 days remaining and I am still being told that the CBI has planned to complete the reinstatement sometime prior to the end of the month. We know that deep state operatives in the US government are keeping the Iraqi dinar from moving to an international status and being reinstated back on the global currency exchanges. ...This is intentional, so as not to let the Trump administration hold a huge economic boom for America. This would be a huge political win for him. Yes, I do now believe it is being intentionally held back at the detriment of Iraq. I can not give another timeline for a window for the reinstatement until this ongoing political battle (nightmare) is over in Washington, DC or at least settles down. I really thought that last Saturday was a hopeful time and we would have been at the banks this week already. But this did not happen.
1-26-2019 Intel Guru RayRen98 Parliament met today and announced the end of the first legislative term of the new government. PM Mahdi hasn't been hosted yet...no cabinet vote selections were concluded. "Supposedly" conclusion of the cabinet vote is postponed until March? [Don't panic, watch what they do...not what they say]
1-26-2019 Intel Guru Frank26 [via TBall] IMO...this ride is just about over with starting today. Trump reopened the US Gov for the RV....to get it done...Iraq needed this time to release it 1-3 weeks...They approved their budget for the first time in over 14 years on Tuesday...
1-26-2019 Newshound/Intel Guru Mnt Goat We still have 6 days remaining and I am still being told that the CBI has planned to complete the reinstatement sometime prior to the end of the month. We know that deep state operatives in the US government are keeping the Iraqi dinar from moving to an international status and being reinstated back on the global currency exchanges. ...This is intentional, so as not to let the Trump administration hold a huge economic boom for America. This would be a huge political win for him. Yes, I do now believe it is being intentionally held back at the detriment of Iraq. I can not give another timeline for a window for the reinstatement until this ongoing political battle (nightmare) is over in Washington, DC or at least settles down. I really thought that last Saturday was a hopeful time and we would have been at the banks this week already. But this did not happen.
1-25-2019 Newshound Guru Adam Montana [...I think I got into this back in 06. What has change since then, that you think we are getting close..Now granted they are finally have a little bit of infrastructure, but to today's standards is pretty much third world...] You are correct, things are still pretty much third world over there... but no more so than when their currency was 3X the USD. We're on the right track.
1-25-2019 Intel Guru ADMINBILL Another crazy day in our world of politics, finance and what we continue to wait patiently for - The GCR/RV. The overall picture is strengthening and hopes and expectations are running high. Stay focused and be ready for the change coming.
1-25-2019 Newshound Guru MilitiaMan Article: "$111 billion Iraq budget in 2019" Quote: "The budget amounted to 111.8 billion dollars with revenues rely mainly on oil exports at 3.9 million barrels per day..." Once they drop three zeros, as we expect, the Trillions become Billions. How they report it is gray area. Until they go live, assume trillions, but if they muddy the water on purpose, it is for a purpose... imo.
1-25-2019 Intel Guru Bruce The other thing that we heard was that the CBI had done what they needed to do except we are waiting for one more thing, and that one more thing might just be Iraq’s revalued dinar rate and putting it out internationally and it might occur at...the meeting of the World’s Economic Forum in Davos...the Iraqi dinar might be announced there with a new rate at that venue...Now tomorrow [Friday] is the last day... If they do I think that portends very well for us and it might actual trigger our start. [post 3 of 3]
1-25-2019 Intel Guru Bruce The other thing is Iraq’s budget...The most interesting about the budget is it was passed and it was immediately handed over to the Central Bank of Iraq so they could have it and go thru it. What is interesting about it is that this budget the various budget items were listed in billions and millions of dinar and not in trillions as in previous budgets. This means that the numbers they have in the budget are relative to a new revalued Dinar. That is very positive news. [post 2 of 3....stay tuned]
1-25-2019 Intel Guru Bruce We got a little burst of information to let us know we were on track. ...Just when you thought it was safe to go and concentrate on something else, you find it is still a little bit about Iraq...about them reverting back to their reinstated or in this case revaluated and what that is going to look like. What Iraq has done is...yesterday the Parliament passed all of the seating of the Parliament. Also they passed the Oil and Gas Law percentage of revenue that would go to Kurdistan...The actual percentage they ended up for with Kurdistan came in at 12.46%. [post 1 of 3....stay tuned]
1-25-2019 Newshound Guru Adam Montana [When the RV happens, and we decide to just chance it a take a few notes to a bank to exchange (for quick income) how long do you think the turn around time will be. Hours, days, weeks?...] Most likely, there will be a few windows. First is going to be the actual RV. We are going to know about that within hours, and there will likely be a lot of confusion. There will be a ton of misinformation flying around, 800 number scams, and all kinds of traps...I don't expect all banks to be operating at the same speed, so we may have locations for exchange on Day 1 in Houston, Los Angeles, and New York* (these are examples, NOT ACTUAL EXPECTED LOCATIONS). By Day 2 we may see operations in ten more cities, and it could be a full week before ALL locations with De La Rue machines actively exchanging. So that window right there is, by itself, "hours to days"...
1-25-2019 Newshound Guru Whitelions ...do you think that all those bills will go flooding back into the CBI once they raise the value? ...the bank you take it to and answers where all that money is going to go at that time they will hold on to (they have 10 years ) to see if they can get a better rate but at the same time the CBI can call it in...all you have to do is look up international banking laws and procedures to know...[so I am going to take 20 million dinar..to chase bank...and they are going to give me 60 million US Dollar] yes you are thinking in the middle to poor income frame of mind...Billions of dollars is transferred every day in the world this is no different...my take is it will rise in value we will all cash in and move on with our lives.
1-25-2019 Intel Guru ADMINBILL Another crazy day in our world of politics, finance and what we continue to wait patiently for - The GCR/RV. The overall picture is strengthening and hopes and expectations are running high. Stay focused and be ready for the change coming.
1-25-2019 Newshound Guru MilitiaMan Article: "$111 billion Iraq budget in 2019" Quote: "The budget amounted to 111.8 billion dollars with revenues rely mainly on oil exports at 3.9 million barrels per day..." Once they drop three zeros, as we expect, the Trillions become Billions. How they report it is gray area. Until they go live, assume trillions, but if they muddy the water on purpose, it is for a purpose... imo.
1-25-2019 Intel Guru Bruce The other thing that we heard was that the CBI had done what they needed to do except we are waiting for one more thing, and that one more thing might just be Iraq’s revalued dinar rate and putting it out internationally and it might occur at...the meeting of the World’s Economic Forum in Davos...the Iraqi dinar might be announced there with a new rate at that venue...Now tomorrow [Friday] is the last day... If they do I think that portends very well for us and it might actual trigger our start. [post 3 of 3]
1-25-2019 Intel Guru Bruce The other thing is Iraq’s budget...The most interesting about the budget is it was passed and it was immediately handed over to the Central Bank of Iraq so they could have it and go thru it. What is interesting about it is that this budget the various budget items were listed in billions and millions of dinar and not in trillions as in previous budgets. This means that the numbers they have in the budget are relative to a new revalued Dinar. That is very positive news. [post 2 of 3....stay tuned]
1-25-2019 Intel Guru Bruce We got a little burst of information to let us know we were on track. ...Just when you thought it was safe to go and concentrate on something else, you find it is still a little bit about Iraq...about them reverting back to their reinstated or in this case revaluated and what that is going to look like. What Iraq has done is...yesterday the Parliament passed all of the seating of the Parliament. Also they passed the Oil and Gas Law percentage of revenue that would go to Kurdistan...The actual percentage they ended up for with Kurdistan came in at 12.46%. [post 1 of 3....stay tuned]
1-25-2019 Newshound Guru Adam Montana [When the RV happens, and we decide to just chance it a take a few notes to a bank to exchange (for quick income) how long do you think the turn around time will be. Hours, days, weeks?...] Most likely, there will be a few windows. First is going to be the actual RV. We are going to know about that within hours, and there will likely be a lot of confusion. There will be a ton of misinformation flying around, 800 number scams, and all kinds of traps...I don't expect all banks to be operating at the same speed, so we may have locations for exchange on Day 1 in Houston, Los Angeles, and New York* (these are examples, NOT ACTUAL EXPECTED LOCATIONS). By Day 2 we may see operations in ten more cities, and it could be a full week before ALL locations with De La Rue machines actively exchanging. So that window right there is, by itself, "hours to days"...
1-25-2019 Newshound Guru Whitelions ...do you think that all those bills will go flooding back into the CBI once they raise the value? ...the bank you take it to and answers where all that money is going to go at that time they will hold on to (they have 10 years ) to see if they can get a better rate but at the same time the CBI can call it in...all you have to do is look up international banking laws and procedures to know...[so I am going to take 20 million dinar..to chase bank...and they are going to give me 60 million US Dollar] yes you are thinking in the middle to poor income frame of mind...Billions of dollars is transferred every day in the world this is no different...my take is it will rise in value we will all cash in and move on with our lives.
1-24-2019 Newshound/Intel Guru RVAlready Iraq getting budget passed got a huge amount of press coverage… Now we just need rate announcement from CBI.
1-24-2019 Intel Guru Delta Article: "Iraqi customs duties and import taxes to be enforced" CITIZENS WILL NOT SEE THE CHANGE ON PRICES RIGHT AWAY IT WILL TAKE AT LEAST A MONTH OR SO TO REFLECT THE INCREASE ON THE MARKET.... BY THEN IT WILL BE A HISTORY (wink) imo.
1-24-2019 Newshound Guru Whitelions The only thing the budget being passed shows us is that the GOV can work and get things done , The money inside the budget will adjust it always has and always work that way . [is this going to float? Are they being (forced) into it?] an MP said that the CBI said NO FLOAT...so just because an MP said it dose not make it so but on the other hand if the CBI said NO FLOAT thats a biggie.
1-24-2019 Intel Guru RayRen98 It’s official. The budget is legit.
1-24-2019 Newshound Guru Breitling Question: “Is the bank going to require anything from us upon a deposit exchange even when it’s millions or so?” No…the bank is not the IRS. The next step is the IRS. Figure out…what it’s going to revalue at. It might come in stages. What if the dinar comes in at 10 cents at first? It all depends on you. I’m not even going to speculate on what you should do. I get emails all the time asking “what if it comes in at 10 cents how much should I cash in?” I’m not going to answer those types of questions. There’s no way for me to know. It’s up to you. But what you need to worry about is how you’re going to be taxed…I think you’re going to be fine. There’s a process to go through if it ends up being a lot of money. Remember you’ll give the money to the bank and you’ll get a receipt. It won’t be like a regular receipt it will be like a certification and then the money will go to the treasury and they are going to certify it and then once it’s certified that money is going to go into your bank account. They are not going to give you a bunch of cash…that’s never going to happen.
1-24-2019 Newshound Guru Adam Montana When you look at the big picture, 15 years is a tiny window. It's a blip in history, and if you zoom out far enough, you barely even notice it on the timeline. ...Back to the current situation - it was only a couple weeks ago that we were talking about oil looking for $60 as a benchmark. We are hovering just above $50, but looking at the charts gives me a pretty nice feeling. ...it stands to reason that we're going to see a bit of ping-pong in the news. The Budget is one such ping pong item, with the following encouraging bit: There seems to be an agreement on what the Kurds will be getting, and it's a bit higher than what they were arguing about a few years ago. The fact that Baghdad is raising the ante for the Kurds could easily be telling us that they are getting a little looser with their wallets. If they were headed for a LOP, would they do that? I don't think so! [post 3 of 3]
1-24-2019 Newshound Guru Adam Montana Imagine the history books, as written 100 years from now. "In 2003, the country of Iraq went backwards. Their currency (IQD) plummeted from 3X the value of the USD to mere pennies on the dollar. Their government and political system was in shambles and they were under extreme scrutiny from the outside world, the United Nations, and more. Despite these setbacks and challenges, the people of Iraq were determined to regain their former position in the world. With some deft political moves and shrewd business practices, Iraq revalued their currency in the year 2019. It was a move that shocked the markets but also stimulated the global economy... " [post 2 of 3....stay tuned]
1-24-2019 Newshound Guru Adam Montana The landscape in Iraq is changing faster than ever these last few weeks. I'm still placing a lot of weight on the overall oil situation, which should not come as a surprise. HCL is about oil. Iraq's wealth is backed by oil. Iraq's history as a wealthy nation is OIL. Iraq still has... oil. It's only the last decade or so that Iraq has not been a wealthy nation, and it's my firm belief that they will return to that prosperity. They have been working their way back for some time now, and 15 years may seem like a long time to some, but let's take a look at the bigger picture... [post 1 of 3....stay tuned]
1-24-2019 Intel Guru Delta Article: "Iraqi customs duties and import taxes to be enforced" CITIZENS WILL NOT SEE THE CHANGE ON PRICES RIGHT AWAY IT WILL TAKE AT LEAST A MONTH OR SO TO REFLECT THE INCREASE ON THE MARKET.... BY THEN IT WILL BE A HISTORY (wink) imo.
1-24-2019 Newshound Guru Whitelions The only thing the budget being passed shows us is that the GOV can work and get things done , The money inside the budget will adjust it always has and always work that way . [is this going to float? Are they being (forced) into it?] an MP said that the CBI said NO FLOAT...so just because an MP said it dose not make it so but on the other hand if the CBI said NO FLOAT thats a biggie.
1-24-2019 Intel Guru RayRen98 It’s official. The budget is legit.
1-24-2019 Newshound Guru Breitling Question: “Is the bank going to require anything from us upon a deposit exchange even when it’s millions or so?” No…the bank is not the IRS. The next step is the IRS. Figure out…what it’s going to revalue at. It might come in stages. What if the dinar comes in at 10 cents at first? It all depends on you. I’m not even going to speculate on what you should do. I get emails all the time asking “what if it comes in at 10 cents how much should I cash in?” I’m not going to answer those types of questions. There’s no way for me to know. It’s up to you. But what you need to worry about is how you’re going to be taxed…I think you’re going to be fine. There’s a process to go through if it ends up being a lot of money. Remember you’ll give the money to the bank and you’ll get a receipt. It won’t be like a regular receipt it will be like a certification and then the money will go to the treasury and they are going to certify it and then once it’s certified that money is going to go into your bank account. They are not going to give you a bunch of cash…that’s never going to happen.
1-24-2019 Newshound Guru Adam Montana When you look at the big picture, 15 years is a tiny window. It's a blip in history, and if you zoom out far enough, you barely even notice it on the timeline. ...Back to the current situation - it was only a couple weeks ago that we were talking about oil looking for $60 as a benchmark. We are hovering just above $50, but looking at the charts gives me a pretty nice feeling. ...it stands to reason that we're going to see a bit of ping-pong in the news. The Budget is one such ping pong item, with the following encouraging bit: There seems to be an agreement on what the Kurds will be getting, and it's a bit higher than what they were arguing about a few years ago. The fact that Baghdad is raising the ante for the Kurds could easily be telling us that they are getting a little looser with their wallets. If they were headed for a LOP, would they do that? I don't think so! [post 3 of 3]
1-24-2019 Newshound Guru Adam Montana Imagine the history books, as written 100 years from now. "In 2003, the country of Iraq went backwards. Their currency (IQD) plummeted from 3X the value of the USD to mere pennies on the dollar. Their government and political system was in shambles and they were under extreme scrutiny from the outside world, the United Nations, and more. Despite these setbacks and challenges, the people of Iraq were determined to regain their former position in the world. With some deft political moves and shrewd business practices, Iraq revalued their currency in the year 2019. It was a move that shocked the markets but also stimulated the global economy... " [post 2 of 3....stay tuned]
1-24-2019 Newshound Guru Adam Montana The landscape in Iraq is changing faster than ever these last few weeks. I'm still placing a lot of weight on the overall oil situation, which should not come as a surprise. HCL is about oil. Iraq's wealth is backed by oil. Iraq's history as a wealthy nation is OIL. Iraq still has... oil. It's only the last decade or so that Iraq has not been a wealthy nation, and it's my firm belief that they will return to that prosperity. They have been working their way back for some time now, and 15 years may seem like a long time to some, but let's take a look at the bigger picture... [post 1 of 3....stay tuned]
1-23-2019 Intel Guru Delta Article: "THE HOUSE OF REPRESENTATIVES VOTES ON BUDGET LAW OF 2019" DONE...
1-23-2019 Newshound/Intel Guru Mnt Goat THE NEWS ON THE IRAQI DINAR REINSTATEMENT: There is some good news as I know the CBI desperately wants to move ahead with this process but is being held back. Over this past weekend we had a situation when the CBI wanted to reinstate and tried to pull the trigger. It was unsuccessful. Some ask me how did I know since no one knows a date or a firm rate. ...I did not know a date or a rate until AFTER the fact. How could I? I just happened to have called my CBI contact to get an update and this is what I was told. Are they lying to me? ...maybe …but I don’t think so. The very good news is the CBI still has plans for the month of January and we still have 9 days remaining…
1-23-2019 Newshound Guru Kaperoni From what I am reading today it sounds like parliament passed the budget today at the 7pm session. Need more confirmation but looks like good news.
1-23-2019 Intel Guru RayRen98 THE WAIT IS "SUPPOSEDLY" OVER...IT'S DONE...IT'S FINISHED...THE RV IS ON ITS' WAY...NO MORE TALKIN'-NO MORE TESTIN'...BRING IT ON ALREADY! ITS YOUR SEASON!!! IF NOT THIS WEEK...I'LL BE SURPRISED BIG TIME...We are just waiting for the call any day... or any hour . . .or any minute. Time will tell.
1-23-2019 Newshound Guru Breitling …the price per barrel has gone down a lot faster than what they anticipated. And the United States is taking over the world market faster than anticipated…remember their [Iraq’s] bottom line is $54-$55 per barrel Brent Price…What happens to their country when they need more? Guess what that goalpost moves and they are going to need more money…Article “U.S. could soon pump more crude than Saudia can at their peak”…we are moving a lot faster than we thought we were going to…this should make you happy. That’s good news. That’s super good news…that’s what I love about the information coming out of the oil industry. Because it means everything for us. You should be very very happy.
1-23-2019 Intel Guru Bruce [via PinkRoses] ...a lot of our sources have been silenced...they are either on gag orders, some...put under an NDA, and a lot of them just are unable to speak anymore because this is just happening so close right now. You know about the World Economic Forum in Davos, Switzerland...we do understand Iraq will announce their new currency and their new rate on the Iraqi Dinar at Davos. When it comes to our timing, we have heard really good things about Tuesday, Wednesday, and Thursday this week. I just can’t call one day or the other, but I think we are looking very strong for this week. I am feeling very good where we are...If anything I am more excited than ever... I think we are going to be pleasantly surprised in the next couple of days.
1-23-2019 Newshound Guru MilitiaMan Article: "Abdul Mahdi "comfortable" for his long stay on the head of the interior and defense .. Sadr does not mind" This is very good news...Now that that is effectively settled imo, the next move is the rate announcement before the budget...?? hmm we shall see and possibly before they vote on Wednesday or Thursday. Gotta vote on what it is in it right? So now that he (Mahdi) has Sadr on the deck allowing Mahdi to head the Interior and Defense, he can now focus on the announcement of not only his first 100 days but, what the citizens want to hear about the CBI the future of their new money...imo...We shall see...That is not something to take lightly... We know Mahdi can make the Art 8 announcement and it would be a very appropriate time to do so...imo.. Let see how it rolls. But, with the Interior and Defense out of the way nothing left but the Art 8, rate for the budget that the Big 3 Firms most likely approved of Sunday.. imo..
1-23-2019 Newshound/Intel Guru Mnt Goat THE NEWS ON THE IRAQI DINAR REINSTATEMENT: There is some good news as I know the CBI desperately wants to move ahead with this process but is being held back. Over this past weekend we had a situation when the CBI wanted to reinstate and tried to pull the trigger. It was unsuccessful. Some ask me how did I know since no one knows a date or a firm rate. ...I did not know a date or a rate until AFTER the fact. How could I? I just happened to have called my CBI contact to get an update and this is what I was told. Are they lying to me? ...maybe …but I don’t think so. The very good news is the CBI still has plans for the month of January and we still have 9 days remaining…
1-23-2019 Newshound Guru Kaperoni From what I am reading today it sounds like parliament passed the budget today at the 7pm session. Need more confirmation but looks like good news.
1-23-2019 Intel Guru RayRen98 THE WAIT IS "SUPPOSEDLY" OVER...IT'S DONE...IT'S FINISHED...THE RV IS ON ITS' WAY...NO MORE TALKIN'-NO MORE TESTIN'...BRING IT ON ALREADY! ITS YOUR SEASON!!! IF NOT THIS WEEK...I'LL BE SURPRISED BIG TIME...We are just waiting for the call any day... or any hour . . .or any minute. Time will tell.
1-23-2019 Newshound Guru Breitling …the price per barrel has gone down a lot faster than what they anticipated. And the United States is taking over the world market faster than anticipated…remember their [Iraq’s] bottom line is $54-$55 per barrel Brent Price…What happens to their country when they need more? Guess what that goalpost moves and they are going to need more money…Article “U.S. could soon pump more crude than Saudia can at their peak”…we are moving a lot faster than we thought we were going to…this should make you happy. That’s good news. That’s super good news…that’s what I love about the information coming out of the oil industry. Because it means everything for us. You should be very very happy.
1-23-2019 Intel Guru Bruce [via PinkRoses] ...a lot of our sources have been silenced...they are either on gag orders, some...put under an NDA, and a lot of them just are unable to speak anymore because this is just happening so close right now. You know about the World Economic Forum in Davos, Switzerland...we do understand Iraq will announce their new currency and their new rate on the Iraqi Dinar at Davos. When it comes to our timing, we have heard really good things about Tuesday, Wednesday, and Thursday this week. I just can’t call one day or the other, but I think we are looking very strong for this week. I am feeling very good where we are...If anything I am more excited than ever... I think we are going to be pleasantly surprised in the next couple of days.
1-23-2019 Newshound Guru MilitiaMan Article: "Abdul Mahdi "comfortable" for his long stay on the head of the interior and defense .. Sadr does not mind" This is very good news...Now that that is effectively settled imo, the next move is the rate announcement before the budget...?? hmm we shall see and possibly before they vote on Wednesday or Thursday. Gotta vote on what it is in it right? So now that he (Mahdi) has Sadr on the deck allowing Mahdi to head the Interior and Defense, he can now focus on the announcement of not only his first 100 days but, what the citizens want to hear about the CBI the future of their new money...imo...We shall see...That is not something to take lightly... We know Mahdi can make the Art 8 announcement and it would be a very appropriate time to do so...imo.. Let see how it rolls. But, with the Interior and Defense out of the way nothing left but the Art 8, rate for the budget that the Big 3 Firms most likely approved of Sunday.. imo..
1-22-2019 Newshound/Intel Guru Mnt Goat ...The CBI has told us in multiple articles that the 3 zero notes would be used later (after the event) almost exclusively for inter-banking transactions for trading. Later these larger notes are NOT meant to be in the publics hands thus 10 ten years to get all of them (the remaining 2/3 out of circulation). So you as an owner of these larger notes, when you do to the bank, the banks will want these dinars since they will be VERY valuable. When we exchange our dinars, we are acting as we are bankers not ordinary Iraqi citizens. This is the key to understanding this exchange process and just because it is so different than other forms of re-denominations... [post 3 of 3]
1-22-2019 Newshound/Intel Guru Mnt Goat ...How can banks then differentiate the rate to the different notes? They can’t and so a dinar is a dinar. Example: So let’s say you took a newer category note of 1 dinar to the bank and exchanged it after the reinstatement. The new rate is 1: 3 meaning 1 IQD is worth $3 USD. You would get $3 USD. Then if you took an older 25,000 dinar note to the same bank they would have to apply the same FOREX rate of 1: 3 to this note too. They will not be able to differentiate. Get it? Thus you would get $75,000 USD in exchange. So yes, the currency you hold would be much stronger. [post 2 of 3....stay tuned]
1-22-2019 Newshound/Intel Guru Mnt Goat [Will by deleting the zeros it makes the currency stronger , therefore making our investment more valuable?] Yes, by deleting the ZEROS this will make the currency stronger thus also our investment. On the surface it looks like your 1,000 dinar note would only become worth only 1 dinar. But what most forget or don’t know is that the two currencies will “coincide” together for up to 10 years. That means the older 3 zero notes and the newer lower category notes will both be in circulation at the same time... [post 1 of 3....stay tuned]
1-22-2019 Intel Guru Frank26 [via Clare] The USD is no longer wearing the same suit that supported a PR (Program Rate). The USD is being used to SUPPORT the lifting of the 3 zeros...The USD was used like a cane, a walker, for the IQD. The IQD is being used to pay it's bills at a rate of 1-1 ...not for a PR! For the lifting of the 3 zeros that gives power to the dinar. The IQD can now stand next to the USD. 5.5 billion in Iraq... No longer used to pay bills and it stands next to the IQD...It stood next to the IQD to support it...Now the USD is pouring in to invest in Iraq.
1-22-2019 Newshound/Intel Guru David M. Witty Iraqi Speaker of Parliament says next meeting will hold vote to complete cabinet formation & vote on 2019 national budget.
1-22-2019 Newshound/Intel Guru RVAlready At the moment, I can see no reason to delay the RV, and lots of reasons to go ahead immediately. After all, everyone says they are ready, so they should do it right now.
1-22-2019 Newshound/Intel Guru Mnt Goat ...the reinstatement of the Iraqi dinar should have taken place over the weekend and was held up again due to NSA security reasons. I have talked to my CBI contact and I am told that they are getting tired of this postponement and really need this currency to move ahead with the reconstruction phase. They are already a year late in their five year plan 2018-2022. The good news is there is still 10 days remaining in January and this month is the best opportunity for the CBI to do it for accounting reasons. Their fiscal accounting year coincides with the calendar new year unlike the western world that begins on Oct 1st.
1-22-2019 Newshound/Intel Guru Mnt Goat ...How can banks then differentiate the rate to the different notes? They can’t and so a dinar is a dinar. Example: So let’s say you took a newer category note of 1 dinar to the bank and exchanged it after the reinstatement. The new rate is 1: 3 meaning 1 IQD is worth $3 USD. You would get $3 USD. Then if you took an older 25,000 dinar note to the same bank they would have to apply the same FOREX rate of 1: 3 to this note too. They will not be able to differentiate. Get it? Thus you would get $75,000 USD in exchange. So yes, the currency you hold would be much stronger. [post 2 of 3....stay tuned]
1-22-2019 Newshound/Intel Guru Mnt Goat [Will by deleting the zeros it makes the currency stronger , therefore making our investment more valuable?] Yes, by deleting the ZEROS this will make the currency stronger thus also our investment. On the surface it looks like your 1,000 dinar note would only become worth only 1 dinar. But what most forget or don’t know is that the two currencies will “coincide” together for up to 10 years. That means the older 3 zero notes and the newer lower category notes will both be in circulation at the same time... [post 1 of 3....stay tuned]
1-22-2019 Intel Guru Frank26 [via Clare] The USD is no longer wearing the same suit that supported a PR (Program Rate). The USD is being used to SUPPORT the lifting of the 3 zeros...The USD was used like a cane, a walker, for the IQD. The IQD is being used to pay it's bills at a rate of 1-1 ...not for a PR! For the lifting of the 3 zeros that gives power to the dinar. The IQD can now stand next to the USD. 5.5 billion in Iraq... No longer used to pay bills and it stands next to the IQD...It stood next to the IQD to support it...Now the USD is pouring in to invest in Iraq.
1-22-2019 Newshound/Intel Guru David M. Witty Iraqi Speaker of Parliament says next meeting will hold vote to complete cabinet formation & vote on 2019 national budget.
1-22-2019 Newshound/Intel Guru RVAlready At the moment, I can see no reason to delay the RV, and lots of reasons to go ahead immediately. After all, everyone says they are ready, so they should do it right now.
1-22-2019 Newshound/Intel Guru Mnt Goat ...the reinstatement of the Iraqi dinar should have taken place over the weekend and was held up again due to NSA security reasons. I have talked to my CBI contact and I am told that they are getting tired of this postponement and really need this currency to move ahead with the reconstruction phase. They are already a year late in their five year plan 2018-2022. The good news is there is still 10 days remaining in January and this month is the best opportunity for the CBI to do it for accounting reasons. Their fiscal accounting year coincides with the calendar new year unlike the western world that begins on Oct 1st.
1-21-2019 Intel Guru RayRen98 ...The Budget is "supposed" to be voted on during Tuesdays' session. Members are dissatisfied with Mahdi's progress during his first 100 days.
1-21-2019 Newshound Guru MilitiaMan We just watched a few of the largest firms in the world have a meeting with Alak today. All in the same room. ...Iraq is ready and they had to get on the same page for whats coming now, as it will be different than before. imo.. The meeting with those who dot the I’s and cross the T’s were at the central bank today and word is there was cargo leaving the banks at night.. Makes one wonder at this present time why? Don’t forget, the central bank issues cash... all imo.
1-21-2019 Newshound/Intel Guru Mnt Goat [Is the CBI saying replacing the larger 3 zero notes with new currency?] If they remove three zeros the IQD it will be replaced by a new lower category currency thus when the CBI reinstates the currency they will have to raise the rate. But they do not need to get all the 3 zeros notes changed over. In fact the plan does not call for all of them either. Once the reinstatement occurs they told us it will take up to 10 years to get all these 3 zero notes out of circulation. So the reinstatement is also pivotal in this process.
1-21-2019 Intel Guru Frank26 Article: "The supervisory and auditing bodies meet in the Central Bank of Iraq" Quote: “a meeting of the bank held today under the chairmanship of the Governor, and the presence of the President of the Office of Financial Supervision, the head of the board of Securities, and the captain of accountants and auditors, and Vice-President of the Iraqi Association of Certified Public Accountants, and representatives of international audit firms (KPMG, Ernst & Young, Price waterhouse Coopers)." INTER .............. NA ...................TION ............... AL !!!
1-21-2019 Newshound Guru MilitiaMan Article: "The supervisory and auditing bodies meet in the Central Bank of Iraq" Quote: “a meeting of the bank held today under the chairmanship of the Governor, and the presence of the President of the Office of Financial Supervision, the head of the board of Securities, and the captain of accountants and auditors, and Vice-President of the Iraqi Association of Certified Public Accountants, and representatives of international audit firms (KPMG, Ernst & Young, Price waterhouse Coopers)." Alak is sitting at the head of the table and has everyone's attention...The attention of three of the largest firms in their line of work in the World. They will need to coordinate with each other from here on out. We should all be smiling about now with the timing of the meeting. The numbers not only on the new notes will have to be accounted for and well managed just as contracts will be when during and after the (RD/RI/RV) process of completion of the Monetary Reform and the re construction of the country...IMO.
1-21-2019 Newshound Guru MilitiaMan We just watched a few of the largest firms in the world have a meeting with Alak today. All in the same room. ...Iraq is ready and they had to get on the same page for whats coming now, as it will be different than before. imo.. The meeting with those who dot the I’s and cross the T’s were at the central bank today and word is there was cargo leaving the banks at night.. Makes one wonder at this present time why? Don’t forget, the central bank issues cash... all imo.
1-21-2019 Newshound/Intel Guru Mnt Goat [Is the CBI saying replacing the larger 3 zero notes with new currency?] If they remove three zeros the IQD it will be replaced by a new lower category currency thus when the CBI reinstates the currency they will have to raise the rate. But they do not need to get all the 3 zeros notes changed over. In fact the plan does not call for all of them either. Once the reinstatement occurs they told us it will take up to 10 years to get all these 3 zero notes out of circulation. So the reinstatement is also pivotal in this process.
1-21-2019 Intel Guru Frank26 Article: "The supervisory and auditing bodies meet in the Central Bank of Iraq" Quote: “a meeting of the bank held today under the chairmanship of the Governor, and the presence of the President of the Office of Financial Supervision, the head of the board of Securities, and the captain of accountants and auditors, and Vice-President of the Iraqi Association of Certified Public Accountants, and representatives of international audit firms (KPMG, Ernst & Young, Price waterhouse Coopers)." INTER .............. NA ...................TION ............... AL !!!
1-21-2019 Newshound Guru MilitiaMan Article: "The supervisory and auditing bodies meet in the Central Bank of Iraq" Quote: “a meeting of the bank held today under the chairmanship of the Governor, and the presence of the President of the Office of Financial Supervision, the head of the board of Securities, and the captain of accountants and auditors, and Vice-President of the Iraqi Association of Certified Public Accountants, and representatives of international audit firms (KPMG, Ernst & Young, Price waterhouse Coopers)." Alak is sitting at the head of the table and has everyone's attention...The attention of three of the largest firms in their line of work in the World. They will need to coordinate with each other from here on out. We should all be smiling about now with the timing of the meeting. The numbers not only on the new notes will have to be accounted for and well managed just as contracts will be when during and after the (RD/RI/RV) process of completion of the Monetary Reform and the re construction of the country...IMO.
1-20-2019 Intel Guru RayRen98 I do not believe the NSA is involved in such a manner as some are suggesting... The BIS appears to be a likely reason the "activity" hasn't commenced yet. Even though banks are closed on Monday for the holiday, it is expected that progress reports may become self-evident on that day. Iraqi TV is broadcasting that Iraq's doors are open to the world...this is considered as an effort to obtain world-wide investors. Time Will Tell!!!
1-20-2019 Newshound/Intel Guru Mnt Goat You all want to know what is holding up the Iraq dinar reinstatement? ...We have heard the paperwork is all completed, the approvals given. Even the codes to release the funds necessary for the exchanges to take place are out. Yet...here we sit still waiting. ...So the excuse given once again? We are hearing that it is once again...a matter of "National Security" as the NSA stopped the final trigger. As they have done so many times in the past. I am certainly not one to call the RV every day or every weekend but I know without a shadow of a doubt that this time it was supposed to go. Yes, it was planned for...Jan 19th 2019 exact timing unknown. The Central Bank of Iraq is reporting that "this is getting old" and that something must be done. They need their currency to move ahead with the reconstruction funding payments...
1-20-2019 Newshound Guru Kirk H. Sowell So another parliament session with cabinet votes not on the schedule. The deadlock continues.
1-20-2019 Newshound/Intel Guru Mnt Goat You all want to know what is holding up the Iraq dinar reinstatement? ...We have heard the paperwork is all completed, the approvals given. Even the codes to release the funds necessary for the exchanges to take place are out. Yet...here we sit still waiting. ...So the excuse given once again? We are hearing that it is once again...a matter of "National Security" as the NSA stopped the final trigger. As they have done so many times in the past. I am certainly not one to call the RV every day or every weekend but I know without a shadow of a doubt that this time it was supposed to go. Yes, it was planned for...Jan 19th 2019 exact timing unknown. The Central Bank of Iraq is reporting that "this is getting old" and that something must be done. They need their currency to move ahead with the reconstruction funding payments...
1-20-2019 Newshound Guru Kirk H. Sowell So another parliament session with cabinet votes not on the schedule. The deadlock continues.
1-19-2019 Newshound/Intel Guru Mnt Goat 2014 Article: "IRAQI DINAR REVALUATION POSTPONED BY CENTRAL BANK FOR 5 YEARS SAYS MP NOURA AL-BAJARI" This article shows us two things: 1)that the policy to delete the zeros is now ready to go by 2014 (remember in 2008-2011 they were NOT ready.) So what has changed? All the efforts of banking and financial reforms under Abadi, I quote from the article – “THE POLICY TO DELETE ZEROS FROM THE IRAQI CURRENCY IS READY TO BE EXECUTED BY THE CENTRAL BANK“ 2) it shows us that the ISIS invasion in 2014 postponed the project even tough the CBI was ready. They projected a 5 year wait afterwards to do it. This brings us to 2019. Right? I quote from the article – “Central Bank although it will be delayed by five years given the political and security situation of Iraq.”
1-19-2019 Newshound Guru Kaperoni I try to tell people that the CBI needs to make money. A RV or RI could never happen because it circumvents those CBI principals. A float not only is a tool to relieve pressure created by an influx of investment capital it serves as a tool for the CBI to make money (commission) off the buy/sell of the dinar as it rises. The CBI would never give up such a step as it needs to generate revenue. The...RV or RI stories are nonsense. There is no overnight event...
1-19-2019 Newshound/Intel Guru RVAlready Still no budget, but that will not hold up the RV. They are completely separate. In fact, it would be easier on the budget if the RV happened first. It would make equipment purchases from Europe and the US more economical.
1-19-2019 Newshound Guru MilitiaMan The source...At first...said we are going to be happy this Saturday... What was asked of him on a scale of 1-10 how good is the news coming to the citizens? A 10 was the answer...Next week being a 10 on the scale is huge for us... lets add in the additional data [Guru] Delta brought in with the URGENT MEASURES and FORCED to FLOAT Currency and just in on the 2019 Budget ready for approval this evening, this place we are in is very nice! If they are getting FORCED into a float? Awesome is better than nice! imo So lets see if this weekend turns out as good, as I think it can be. [post 2 of 2]
1-19-2019 Newshound Guru MilitiaMan ...The article a source brought me...shows the heat is on and the pressure is building to get the 2019 budget done and the citizens what to expect within that budget and what they want from all the promises they have been given. I had my source and another source confirm that the citizens have been told in the Mosques that they were to expect this to have been done on or around the 4/5th of this month and then, no go. ...Well, I / We believe they were placated...about the basket of currencies being too low, thus, they may have used that information to tell the citizens to sit tight, as we are going to adjust the basket and you'll get more purchase power in the end. [post 1 of 2....stay tuned]
1-19-2019 Newshound Guru Breitling I think Iraq’s oil production is about 4 million barrels per day…Iraq is the second largest oil producer in OPEC and the 5th largest oil reserve. So look at the Saudi Arabia currency, what’s the value of that?
1-19-2019 Newshound Guru Kaperoni I try to tell people that the CBI needs to make money. A RV or RI could never happen because it circumvents those CBI principals. A float not only is a tool to relieve pressure created by an influx of investment capital it serves as a tool for the CBI to make money (commission) off the buy/sell of the dinar as it rises. The CBI would never give up such a step as it needs to generate revenue. The...RV or RI stories are nonsense. There is no overnight event...
1-19-2019 Newshound/Intel Guru RVAlready Still no budget, but that will not hold up the RV. They are completely separate. In fact, it would be easier on the budget if the RV happened first. It would make equipment purchases from Europe and the US more economical.
1-19-2019 Newshound Guru MilitiaMan The source...At first...said we are going to be happy this Saturday... What was asked of him on a scale of 1-10 how good is the news coming to the citizens? A 10 was the answer...Next week being a 10 on the scale is huge for us... lets add in the additional data [Guru] Delta brought in with the URGENT MEASURES and FORCED to FLOAT Currency and just in on the 2019 Budget ready for approval this evening, this place we are in is very nice! If they are getting FORCED into a float? Awesome is better than nice! imo So lets see if this weekend turns out as good, as I think it can be. [post 2 of 2]
1-19-2019 Newshound Guru MilitiaMan ...The article a source brought me...shows the heat is on and the pressure is building to get the 2019 budget done and the citizens what to expect within that budget and what they want from all the promises they have been given. I had my source and another source confirm that the citizens have been told in the Mosques that they were to expect this to have been done on or around the 4/5th of this month and then, no go. ...Well, I / We believe they were placated...about the basket of currencies being too low, thus, they may have used that information to tell the citizens to sit tight, as we are going to adjust the basket and you'll get more purchase power in the end. [post 1 of 2....stay tuned]
1-19-2019 Newshound Guru Breitling I think Iraq’s oil production is about 4 million barrels per day…Iraq is the second largest oil producer in OPEC and the 5th largest oil reserve. So look at the Saudi Arabia currency, what’s the value of that?
1-18-2019 Newshound/Intel Guru Mnt Goat In today’s news we are also seeing more pressure to stop or greatly limit the currency auctions. OH – but how can they do that without putting the dinar on a FLOAT and reinstating it back to it former glory on the global currency exchanges? Simply put they can’t... This reinforces again that something is about to happen with the Iraqi currency. It almost has to as the pressure is building and the bubble is about to pop. January is only half over and so there is plenty of time yet to see some more actions in this direction. How far can they proceed without the reinstatement?
1-18-2019 Newshound Guru Breitling What are you guys [Iraq] up to? Ok so you don’t revalue at 54 cents, 90 cents…you can do 10 cents. I know you guys can do that and you don’t even have to blink. It’s not going to hurt your economy one way or the other. How do we know that? Look at the other currencies in the middle east…that’s how you figure that out. So after Saudi Arabia who’s the biggest producer of oil in OPEC? It’s Iraq. Iraq has the 5th largest reserve in the world…So you start looking at these other counties and what they produce and how much their currency is and it doesn’t make sense does it? Remember I talked about undervalued stock? Undervalued currency is that simple…I love it cause that’s how it works.
1-18-2019 Newshound Guru Adam Montana [...does Brexit have any effect on our Dinar investment?] In a roundabout way it does, because global events always have some impact... so, yes. But it doesn't merit any concern for us at this time.
1-18-2019 Newshound Guru Kaperoni A few people have asked for my opinion on the recent float article as to what "forced" means? My view when I read the article is this MP is saying we can continue to have citizens on state payroll and take loans to support the budget or we can learn from some of these other countries and float the dinar and invite foreign investment into the country. I don't think its a question of being forced...just a decision to get away from a state run oil dependent country and create a private sector supported by foreign investment. So a float is what is coming.
1-18-2019 Intel Guru Bruce [via PinkRoses] The most recent picture has this happening either before January 21st...with some emphasis I am getting ...January 18th or Saturday. If not we skip over January 21st and go to January 22nd...It doesn’t guarantee it...It just means that is what I am hearing from very trusted sources that are very close to the situation. Iraq has basically been done and is no longer an issue the last six weeks...Iraq is out of the picture. If you are focusing on Iraq, you are in the wrong game. Let it go. It is done, done and done...I am going to say everything is still moving along like we think. Rates will be high. We just need the Go Signal. I am looking for that Go Signal anytime now.
1-18-2019 Newshound Guru Breitling …They [Iraq] don’t have to revalue in one big pop or shot. They can revalue little by little. I’m not talking about a tenth of a penny. I’m talking about adding 10, 15, 20 cents a pop. Why they haven’t done it yet I don’t know. I simply do not have an answer for that. Because if I was them that’s exactly what I would be doing. I understand they have to protect themselves and not make it too expensive overnight to invest in Iraq…90% of their export is oil. That’s their economy. And the price of oil is going down so they are not making as much money. $56 a barrel is their break even point. I think it’s $54 to $56. They don’t just have to revalue for their sake. They have to send signals out to the international markets saying “we’re out to play.” If they are going to keep their currency low people are not going to send product to Iraq to be able to trade. It kind of binds them up. They need to start doing something.
1-18-2019 Newshound Guru MilitiaMan "FROM IRAQI TV: The Economic and Investment Committee.... Iraq may be forced to float the dinar to encourage investment in Iraq." Using words like Urgent Measures to reduce Auctions earlier, and now they may be FORCED to FLOAT the DINAR!!! The language is very powerful, thus, it is very important.. Again, the CBI stated the other day now, that the 2% fee on $20.00 (transactions) will cease on Sunday, thus, the take away is they may show us smalls.. imo.. Why all the Urgency? Logic points to reforms being completed, thus, change is coming...imo.
1-18-2019 Newshound Guru Breitling What are you guys [Iraq] up to? Ok so you don’t revalue at 54 cents, 90 cents…you can do 10 cents. I know you guys can do that and you don’t even have to blink. It’s not going to hurt your economy one way or the other. How do we know that? Look at the other currencies in the middle east…that’s how you figure that out. So after Saudi Arabia who’s the biggest producer of oil in OPEC? It’s Iraq. Iraq has the 5th largest reserve in the world…So you start looking at these other counties and what they produce and how much their currency is and it doesn’t make sense does it? Remember I talked about undervalued stock? Undervalued currency is that simple…I love it cause that’s how it works.
1-18-2019 Newshound Guru Adam Montana [...does Brexit have any effect on our Dinar investment?] In a roundabout way it does, because global events always have some impact... so, yes. But it doesn't merit any concern for us at this time.
1-18-2019 Newshound Guru Kaperoni A few people have asked for my opinion on the recent float article as to what "forced" means? My view when I read the article is this MP is saying we can continue to have citizens on state payroll and take loans to support the budget or we can learn from some of these other countries and float the dinar and invite foreign investment into the country. I don't think its a question of being forced...just a decision to get away from a state run oil dependent country and create a private sector supported by foreign investment. So a float is what is coming.
1-18-2019 Intel Guru Bruce [via PinkRoses] The most recent picture has this happening either before January 21st...with some emphasis I am getting ...January 18th or Saturday. If not we skip over January 21st and go to January 22nd...It doesn’t guarantee it...It just means that is what I am hearing from very trusted sources that are very close to the situation. Iraq has basically been done and is no longer an issue the last six weeks...Iraq is out of the picture. If you are focusing on Iraq, you are in the wrong game. Let it go. It is done, done and done...I am going to say everything is still moving along like we think. Rates will be high. We just need the Go Signal. I am looking for that Go Signal anytime now.
1-18-2019 Newshound Guru Breitling …They [Iraq] don’t have to revalue in one big pop or shot. They can revalue little by little. I’m not talking about a tenth of a penny. I’m talking about adding 10, 15, 20 cents a pop. Why they haven’t done it yet I don’t know. I simply do not have an answer for that. Because if I was them that’s exactly what I would be doing. I understand they have to protect themselves and not make it too expensive overnight to invest in Iraq…90% of their export is oil. That’s their economy. And the price of oil is going down so they are not making as much money. $56 a barrel is their break even point. I think it’s $54 to $56. They don’t just have to revalue for their sake. They have to send signals out to the international markets saying “we’re out to play.” If they are going to keep their currency low people are not going to send product to Iraq to be able to trade. It kind of binds them up. They need to start doing something.
1-18-2019 Newshound Guru MilitiaMan "FROM IRAQI TV: The Economic and Investment Committee.... Iraq may be forced to float the dinar to encourage investment in Iraq." Using words like Urgent Measures to reduce Auctions earlier, and now they may be FORCED to FLOAT the DINAR!!! The language is very powerful, thus, it is very important.. Again, the CBI stated the other day now, that the 2% fee on $20.00 (transactions) will cease on Sunday, thus, the take away is they may show us smalls.. imo.. Why all the Urgency? Logic points to reforms being completed, thus, change is coming...imo.
1-17-2019 Newshound Guru Breitling People are asking me about the oil prices. There’s a big panic in the dinar world because the oil prices started going up…Fact - the United States has control over the oil markets and the price is going to go down. It’s going to force these countries to do all sorts of stuff…cause they are going to go broke if they don’t. They know it. We know it. We know where their break even points are…so people are seeing the oil prices go up. It’s short term.
1-17-2019 Intel Guru Delta FROM IRAQI TV: The Economic and Investment Committee.... Iraq may be forced to float the dinar to encourage investment in Iraq.
1-17-2019 Newshound/Intel Guru Mnt Goat Article: "WHEN WILL THE IRAQI DINAR BE REVALUED?" So again the CBI is telling us and I quote - “the revaluation of the Iraqi dinar is ready to be implemented by the country’s Central Bank; however, the Parliamentary Economic and Investment Commission HAD DECIDED TO POSTPONE THE REVALUATION UNTIL NOW TO 2019”. What is this telling us? 1)Again the CBI does not work alone and needs the support of the rest of the government. 2)The project to delete the zeros was postponed until 2019. Again...this confirms that perhaps this year of 2019 is our year to get it done. It is now January 2019 folks!
1-17-2019 Newshound Guru Kaperoni I...want to point out every year someone says look at the budget for a change. ...The budget has nothing to do with any reforms and can be made retroactive at anytime.
1-17-2019 Newshound Guru MilitiaMan The answer from the contact specifically says...as I have and others have suggested...They are article 8 compliant imo ... Like has been said for years, they don’t have to tell us.. But by actions they are. ...In other words. Imo, They show us they are article 8 just as they rightfully can without yet specifically saying so for 30 days ...
1-17-2019 Intel Guru Delta Single Currency Crosses...LOT OF MOVEMENT NEVER SEEN BEFORE...SPECIALLY...EUR/IQD AND GBP/IQD...
1-17-2019 Intel Guru Frank26 ...IMO, on December the 30 when my friends firm was given 240 contracts at a rate of one to one with the American dollar they lifted the three zeros electronically in country!!! And this is exactly what they told you they were going to do!!! ...240 contracts are a lot of contracts at a new RI rate.. And as I said they have gone from the NEER (Nominal effective Exchange rate) to the REER (Real effective Exchange Rate). Soon it will be announced publicly at a rate of 1 to 1 because these calculations have been done, tested and approved. But above all they have been built on Int’l standards. ...IMO, a 1 to 1 in country is something that we, as investors of the IQD, will never see! (hint: IMO the rate we see will be much higher). [post 2 of 2]
1-17-2019 Intel Guru Frank26 ...my friend [Guru] Walkingstick is working with the Government of Iraq and the Central Bank of Iraq. Not only on the 2nd set of books that was successfully done. But because those books were successful on the 30th of December of 2018 my friend’s firm received 240 contracts from the Gov’t of Iraq. ...The Government of Iraq has started internally. In fact 24 of those 240 contracts have already been paid! And they were paid in IQDs...they were paid at a rate of one to one to the USD! ...Let’s say for example the contracts were worth 200,000. And the 200,00 was paid is paid to my friend’s firm in Iraqi dinars...that 200,000 dinars was presented in the contract at a rate of 1 to 1 to the USD. So that 200,000 dinars is actually $200,000.00 American dollars...my friend has a contract in his hands at 1 to 1 with the American dollar and the Iraqi dinar. [post 1 of 2....stay tuned]
1-17-2019 Intel Guru Delta FROM IRAQI TV: The Economic and Investment Committee.... Iraq may be forced to float the dinar to encourage investment in Iraq.
1-17-2019 Newshound/Intel Guru Mnt Goat Article: "WHEN WILL THE IRAQI DINAR BE REVALUED?" So again the CBI is telling us and I quote - “the revaluation of the Iraqi dinar is ready to be implemented by the country’s Central Bank; however, the Parliamentary Economic and Investment Commission HAD DECIDED TO POSTPONE THE REVALUATION UNTIL NOW TO 2019”. What is this telling us? 1)Again the CBI does not work alone and needs the support of the rest of the government. 2)The project to delete the zeros was postponed until 2019. Again...this confirms that perhaps this year of 2019 is our year to get it done. It is now January 2019 folks!
1-17-2019 Newshound Guru Kaperoni I...want to point out every year someone says look at the budget for a change. ...The budget has nothing to do with any reforms and can be made retroactive at anytime.
1-17-2019 Newshound Guru MilitiaMan The answer from the contact specifically says...as I have and others have suggested...They are article 8 compliant imo ... Like has been said for years, they don’t have to tell us.. But by actions they are. ...In other words. Imo, They show us they are article 8 just as they rightfully can without yet specifically saying so for 30 days ...
1-17-2019 Intel Guru Delta Single Currency Crosses...LOT OF MOVEMENT NEVER SEEN BEFORE...SPECIALLY...EUR/IQD AND GBP/IQD...
1-17-2019 Intel Guru Frank26 ...IMO, on December the 30 when my friends firm was given 240 contracts at a rate of one to one with the American dollar they lifted the three zeros electronically in country!!! And this is exactly what they told you they were going to do!!! ...240 contracts are a lot of contracts at a new RI rate.. And as I said they have gone from the NEER (Nominal effective Exchange rate) to the REER (Real effective Exchange Rate). Soon it will be announced publicly at a rate of 1 to 1 because these calculations have been done, tested and approved. But above all they have been built on Int’l standards. ...IMO, a 1 to 1 in country is something that we, as investors of the IQD, will never see! (hint: IMO the rate we see will be much higher). [post 2 of 2]
1-17-2019 Intel Guru Frank26 ...my friend [Guru] Walkingstick is working with the Government of Iraq and the Central Bank of Iraq. Not only on the 2nd set of books that was successfully done. But because those books were successful on the 30th of December of 2018 my friend’s firm received 240 contracts from the Gov’t of Iraq. ...The Government of Iraq has started internally. In fact 24 of those 240 contracts have already been paid! And they were paid in IQDs...they were paid at a rate of one to one to the USD! ...Let’s say for example the contracts were worth 200,000. And the 200,00 was paid is paid to my friend’s firm in Iraqi dinars...that 200,000 dinars was presented in the contract at a rate of 1 to 1 to the USD. So that 200,000 dinars is actually $200,000.00 American dollars...my friend has a contract in his hands at 1 to 1 with the American dollar and the Iraqi dinar. [post 1 of 2....stay tuned]
1-16-2019 Newshound Guru Adam Montana "Could Oil Prices Rise By $25 Per Barrel In 2019?"; "Kuwait National: $ 65 Brent crude average during 2019 and 2020"; "Oil Markets Could See Deficit In 2019 The oil supply surplus is “starting to reverse,” according to a new report from Bank of America Merrill Lynch." (the word "deficit" is a good thing here); "Heavy Crude: From Glut To Shortage - Jan 15, 2019, 5:00 PM CST" ("Shortage" is another good word for us right now); "Oil rises with hopes of a better market under OPEC-led cuts " ... and so on. Here's the thing, folks... this is the situation that Iraq wants. This writing is on the wall, in the headlines, and it's heading towards RV time. Iraq can read the headlines just as well as we can, so for now we just hang on tight. [post 2 of 2]
1-16-2019 Newshound Guru Adam Montana As much as we all hate "I told you so's", here are a couple. Headlines from the past couple days include: 1. BREXIT. When this was first brought up in 2016, I voiced my opinion that it wouldn't be successful and not to worry about it. As of this morning, it looks like the whole thing was a huge waste of time and is going nowhere... time will tell, but I could have told you that as well. 2. Did you catch my update last week? One of my talking points was oil, the price per barrel, and Iraq's sneaky but convenient exception to the ongoing limitations on production by OPEC members. Just look at these headlines... [post 1 of 2....stay tuned]
1-16-2019 Newshound/Intel Guru Mnt Goat Should we get our bottle of champagne ready? I have to tell everyone the CBI is still telling me they are targeting the month of January. I would not open your bottle of champagne and celebrate as of yet but I certainly would think about getting a nice BIG bottle and get it chilled and ready. But remember this saga is not over until the fat lady sings. Too many signs are showing us that this could finally be our month to see it. It has been a VERY long journey but I thinks perhaps it is coming to a conclusion…finally….
[post 2 of 2]
1-16-2019 Newshound/Intel Guru Mnt Goat Will the reinstatement happen in 2019? We don’t know when the reinstatement will occur for sure and many say the project to delete the zeros is now all done. So go figure? ...This news is coming from some VERY credible sources of information... ...there are no more delays expected. The process is on the move. They are telling us once again 2019 is our timeframe. OK – hold on to your horses! I do not know the exact timeframe in 2019 but all we can confirm is two things – 1) they just told us this week in the news media that 2019 is our year and 2) we know they normally like to target January and we still have half of the month of January remaining. So let’s see what happens in January and if it does not happen then we move to another target. [post 1 of 2....stay tuned]
1-16-2019 Newshound Guru Kaperoni A member of the Economic and Investment Committee said today that Iraq may be forced to float the dinar to encourage investment in Iraq...Sound familiar? There is no doubt in my mind we will see the dinar float at or about the same time as the launch of the banking system and market economy for investment. Hang in there. This seems to be the year Iraq will move forward launching a private sector and encouraging foreign investment.
1-16-2019 Intel Guru Bruce [via PinkRoses] ...it is kind of coming down to the wire now. We are getting some really positive input...We heard some activity started last night. ...We believe that we are at the point very little is required now before we get notified to go. ...there has been a number of meetings and conference calls in the recent days... Calls that took place with the large banks in conjunction with the Secretary of the Treasury...we think part of the plan was to talk about where we are in terms of the release and...can this thing happen immediately meaning in the next day or two. ...What I am telling you is you are very close. Everything we can say about Iraq appears to have been completed...We hope that we are at the end of the ride because the evidence is showing things are moving. I can just can tell you the rates that will be on the front screens for the Dinar and Dong will be much closer together than we thought.
1-16-2019 Newshound Guru Daytrader All that happens as the result of the consultation is agreement on a plan of action to make any necessary corrections. There is no failure, only a plan of action to rectify concerns. Iraq and the IMF have been planning the reinstatement of the IQD for a very long time, and during this time they continued to develop and fine-tune the process specific to Iraq's needs. IMO this has nothing to do with nor will it have any impact on what we seek. [post 2 of 2]
1-16-2019 Newshound Guru Daytrader A number of members have expressed concern over a statement regarding an IMF Article IV consultation not occurring until later this year. This is Iraq’s normal Article IV consultation schedule. Most countries have an Article IV consultation with the IMF every 24 months, including the United States. It provides an opportunity for both the IMF and the country to discuss specifically where the country might have monetary policy or procedural shortcomings that need correction, and review what they’re doing that meets Article IV criteria. [post 1 of 2....stay tuned]
1-16-2019 Intel Guru RayRen98 Contracts are to be funded by February 5, 2019. [Could this be the outside date?] PM Mahdi sent out a tweet stating that he is moving onward with implementing the program for government that was presented to Parliament and intends to complete it within the time frame that was previously announced. It appears he is making promises to the Iraqi citizens.
1-16-2019 Newshound Guru Adam Montana As much as we all hate "I told you so's", here are a couple. Headlines from the past couple days include: 1. BREXIT. When this was first brought up in 2016, I voiced my opinion that it wouldn't be successful and not to worry about it. As of this morning, it looks like the whole thing was a huge waste of time and is going nowhere... time will tell, but I could have told you that as well. 2. Did you catch my update last week? One of my talking points was oil, the price per barrel, and Iraq's sneaky but convenient exception to the ongoing limitations on production by OPEC members. Just look at these headlines... [post 1 of 2....stay tuned]
1-16-2019 Newshound/Intel Guru Mnt Goat Should we get our bottle of champagne ready? I have to tell everyone the CBI is still telling me they are targeting the month of January. I would not open your bottle of champagne and celebrate as of yet but I certainly would think about getting a nice BIG bottle and get it chilled and ready. But remember this saga is not over until the fat lady sings. Too many signs are showing us that this could finally be our month to see it. It has been a VERY long journey but I thinks perhaps it is coming to a conclusion…finally….
[post 2 of 2]
1-16-2019 Newshound/Intel Guru Mnt Goat Will the reinstatement happen in 2019? We don’t know when the reinstatement will occur for sure and many say the project to delete the zeros is now all done. So go figure? ...This news is coming from some VERY credible sources of information... ...there are no more delays expected. The process is on the move. They are telling us once again 2019 is our timeframe. OK – hold on to your horses! I do not know the exact timeframe in 2019 but all we can confirm is two things – 1) they just told us this week in the news media that 2019 is our year and 2) we know they normally like to target January and we still have half of the month of January remaining. So let’s see what happens in January and if it does not happen then we move to another target. [post 1 of 2....stay tuned]
1-16-2019 Newshound Guru Kaperoni A member of the Economic and Investment Committee said today that Iraq may be forced to float the dinar to encourage investment in Iraq...Sound familiar? There is no doubt in my mind we will see the dinar float at or about the same time as the launch of the banking system and market economy for investment. Hang in there. This seems to be the year Iraq will move forward launching a private sector and encouraging foreign investment.
1-16-2019 Intel Guru Bruce [via PinkRoses] ...it is kind of coming down to the wire now. We are getting some really positive input...We heard some activity started last night. ...We believe that we are at the point very little is required now before we get notified to go. ...there has been a number of meetings and conference calls in the recent days... Calls that took place with the large banks in conjunction with the Secretary of the Treasury...we think part of the plan was to talk about where we are in terms of the release and...can this thing happen immediately meaning in the next day or two. ...What I am telling you is you are very close. Everything we can say about Iraq appears to have been completed...We hope that we are at the end of the ride because the evidence is showing things are moving. I can just can tell you the rates that will be on the front screens for the Dinar and Dong will be much closer together than we thought.
1-16-2019 Newshound Guru Daytrader All that happens as the result of the consultation is agreement on a plan of action to make any necessary corrections. There is no failure, only a plan of action to rectify concerns. Iraq and the IMF have been planning the reinstatement of the IQD for a very long time, and during this time they continued to develop and fine-tune the process specific to Iraq's needs. IMO this has nothing to do with nor will it have any impact on what we seek. [post 2 of 2]
1-16-2019 Newshound Guru Daytrader A number of members have expressed concern over a statement regarding an IMF Article IV consultation not occurring until later this year. This is Iraq’s normal Article IV consultation schedule. Most countries have an Article IV consultation with the IMF every 24 months, including the United States. It provides an opportunity for both the IMF and the country to discuss specifically where the country might have monetary policy or procedural shortcomings that need correction, and review what they’re doing that meets Article IV criteria. [post 1 of 2....stay tuned]
1-16-2019 Intel Guru RayRen98 Contracts are to be funded by February 5, 2019. [Could this be the outside date?] PM Mahdi sent out a tweet stating that he is moving onward with implementing the program for government that was presented to Parliament and intends to complete it within the time frame that was previously announced. It appears he is making promises to the Iraqi citizens.
1-15-2019 Newshound/Intel Guru Mnt Goat Question: When will the 3 Zeros be DELETED? The CBI will only complete the project to delete the zeros until the CBI and the finance committee can come together on an agreement as to when to do it. Then we hope nothing changes their mind in the meantime since scheduled. We are not waiting for the economy to take off or for reconstruction to first happen. I know for a FACT that the reinstatement is part of the condition by the IMF to release reconstruction funds. This was a plan from 2018-2022 so it already late. They need to know that the funds are secure and will be used for this purpose. ...This is what makes this past May 2018 election so important. Investors and the IMF want technocratic cabinet members who are honestly going to move Iraq forward. No more playing games. They don’t care how long it takes. They will not budge until the government is fully formed and Iran is out of the politics to a point they can no longer harm the process.
1-15-2019 Newshound Guru MilitiaMan Article: "The Central Bank cancels a 2% commission payment for the $20 category and less" Well well.. Now why in the world would they cancel 2% commission on relatively small category notes of foreign currency? ...The CBI is doing this for a reason and I suspect it is for a very good reason. As in they are going to have similar small notes that have more value therefore, they will have to exchange similar notes on a daily basis.. So imo, this is huge...imo.
1-15-2019 Newshound Guru tlm724 [I read...that we need article 8 from the imf before Iraq can reval, is there any truth to this?] Yes there is truth in that. [See complete list of "possible to-dos" on the left of this page in the Dinar Guru Recourse Bar]
1-15-2019 Newshound Guru Kaperoni If you go back and read some of the transition documents...from the IMF it fits right in line with the plan we see evolving in Iraq. I also encourage anyone who has not yet reviewed the IMF Article IV Consultation from 2013 and 2017 to go...and review this information. It also fits in line with what we are seeing evolve in Iraq.
1-15-2019 Newshound/Intel Guru Mnt Goat Question: So what happens to the currency in circulation and the currency that was printed but never circulated when this takes place? Does the value go down? e.g. 25,000 notes become worth only 25 dollars? If they delete three 0’s 1 dinar would be worth 0.85 cents as of today.
1-15-2019 Newshound Guru MilitiaMan Article: "The Central Bank cancels a 2% commission payment for the $20 category and less" Well well.. Now why in the world would they cancel 2% commission on relatively small category notes of foreign currency? ...The CBI is doing this for a reason and I suspect it is for a very good reason. As in they are going to have similar small notes that have more value therefore, they will have to exchange similar notes on a daily basis.. So imo, this is huge...imo.
1-15-2019 Newshound Guru tlm724 [I read...that we need article 8 from the imf before Iraq can reval, is there any truth to this?] Yes there is truth in that. [See complete list of "possible to-dos" on the left of this page in the Dinar Guru Recourse Bar]
1-15-2019 Newshound Guru Kaperoni If you go back and read some of the transition documents...from the IMF it fits right in line with the plan we see evolving in Iraq. I also encourage anyone who has not yet reviewed the IMF Article IV Consultation from 2013 and 2017 to go...and review this information. It also fits in line with what we are seeing evolve in Iraq.
1-15-2019 Newshound/Intel Guru Mnt Goat Question: So what happens to the currency in circulation and the currency that was printed but never circulated when this takes place? Does the value go down? e.g. 25,000 notes become worth only 25 dollars? If they delete three 0’s 1 dinar would be worth 0.85 cents as of today.
1-14-2019 Newshound Guru Sunkissed ...After all the haggling and demands that Iraq has served up to Jordan... the bottom line actually rests with Iraq: THEY MUST HAVE PURCHASING POWER to be able to absorb the MASSIVE QUANTITIES of goods, minerals, etc., coming INTO Iraq! Ball is DEFINITELY in Iraq's court! Promises were made in the BEGINNING of 2018!! (Respect the first quarter! Sound familiar? -- [Guru] Walkingstick was accurate!) And now, the longer they wait, the more difficult, if not impossible it will be for Jordan to perform in time! BUT...in order to perform on their contract... Iraq MUST FIRST HAVE PURCHASING POWER! Iraq HAS TO BE READY AND ABLE TO PAY THEM! Therefore, February 02, 2019, appears to be the back-wall, Drop Dead Date, "to be an exquisite mutual-beneficial relationship." If February 02, 2019 is the Drop Dead Date, then we are looking at Feb 02 - 04 (Monday) for the IQD to go live. However... imo.... it certainly could go before that date! [post 2 of 2]
1-14-2019 Newshound Guru Sunkissed In my opinion, the TIMING of this article is utterly FANTASTIC...this article gives us the DROP DEAD DATE? (imo). FEBRUARY 02, 2019. JORDAN IS RACING AGAINST TIME. why? Well... imo... it looks like... February 02, 2019 is a deadline date to IMPLEMENTATION. For what? Remember that December 29-30 meeting when many contracts were signed? Looks like Jordan signed some "old" deals that were "renewed" - I suppose we would use the word "updated" (to reflect a new rate? a more competitive price, since so many contractors are FLOODING into Iraq?) So... there's the PRESSURE! Contracts were signed on December 29-30 and to be IMPLEMENTED BY FEBRUARY 02, 2019! [post 1 of 2....stay tuned]
1-14-2019 Newshound/Intel Guru Mnt Goat But as sure as I am writing this...today, we are all of a sudden going to see a burst of flames as we know the tinder is already starting to smoke and is about ready to flare up. As in starting a good camp fire, we can see that much activity is about to burst into action and will soon move forward very aggressively. The two items they need for this to happen is to get the 2019 budget passed and then these remaining cabinet positions off of proxy and into solid, technocrats for these remaining positions. [post 2 of 2]
1-14-2019 Newshound/Intel Guru Mnt Goat The House of Representatives ended its session on Saturday, the House of Representatives finished the first reading of the draft law on financial management. Nothing happened on voting for cabinet members on Saturday. MP of the Alliance for Reform and Reconstruction, Hassan Fadas, said that on Monday, the resolution of the Interior Ministry candidate is the main obstacle to completion of the ministerial cabinet. Let’s see how this plays out…. ...there is news about the intention of Faleh Fayyad too withdraw his candidacy from the Interior. If this happens there may be some real progress finally in this direction. Let’s see how it plays out this week. [post 1 of 2....stay tuned]
1-14-2019 Newshound Guru Kaperoni [I’ve always heard the government has nothing to do with the Dinar. That only the CBI could begin the float. If so then why do people say only when the government is set the float can begin.] Monetary policy is the CBI. That being said, such a significant event requires support from the Iraqi government. As well, much of the directives being implimented by Iraq are part of the reforms agreed under IMF or WB Stand by Agreements.
1-14-2019 Intel Guru RayRen98 Today's Parliament session has been postponed until Wednesday at 1:00 due to a lack of quorum. [And the band played on... ] Citizens are not happy with Mahdi's "progress" thus far...they are saying the corruption is still rampant in the government. Unofficial report: Things (rate activity) should get started today in Iraq and filter over to us this week. Time Will Tell...
1-14-2019 Newshound Guru MilitiaMan Lets not forget that there was an article 01/02/2018 talking about linking the IQD with a basket of currencies (They let that cat out of the bag and big time). The stir was the authority was saying hold on a minute... Lets not link to lower value currencies!! ...Nothing has changed as far as getting your purchase power, it is that we are going to get you more if we use an stronger basket...Thus, they bought more time? We shall see if it plays out like that. imo. [post 2 of 2]
1-14-2019 Newshound Guru MilitiaMan [...are you looking for this in EARLY 2019, MID 2019, LATE 2019...] I believe...they are ready to implement now with all the signs they have shown us over the last year. We know contracts have time stamps... T & T were said to be ready at a moments notice to be applied. We see a very large trading partner in country this week talking directly about money exchange. So, as for me the signs I see are not mid or late... There are fireflies on the ground over there that suggest that the citizens have been told they are getting a gift from GOD, they very well may have been placated for now, but, how long they will not get antsy is anyone's guess. [post 1 of 2....stay tuned]
1-14-2019 Newshound Guru Sunkissed In my opinion, the TIMING of this article is utterly FANTASTIC...this article gives us the DROP DEAD DATE? (imo). FEBRUARY 02, 2019. JORDAN IS RACING AGAINST TIME. why? Well... imo... it looks like... February 02, 2019 is a deadline date to IMPLEMENTATION. For what? Remember that December 29-30 meeting when many contracts were signed? Looks like Jordan signed some "old" deals that were "renewed" - I suppose we would use the word "updated" (to reflect a new rate? a more competitive price, since so many contractors are FLOODING into Iraq?) So... there's the PRESSURE! Contracts were signed on December 29-30 and to be IMPLEMENTED BY FEBRUARY 02, 2019! [post 1 of 2....stay tuned]
1-14-2019 Newshound/Intel Guru Mnt Goat But as sure as I am writing this...today, we are all of a sudden going to see a burst of flames as we know the tinder is already starting to smoke and is about ready to flare up. As in starting a good camp fire, we can see that much activity is about to burst into action and will soon move forward very aggressively. The two items they need for this to happen is to get the 2019 budget passed and then these remaining cabinet positions off of proxy and into solid, technocrats for these remaining positions. [post 2 of 2]
1-14-2019 Newshound/Intel Guru Mnt Goat The House of Representatives ended its session on Saturday, the House of Representatives finished the first reading of the draft law on financial management. Nothing happened on voting for cabinet members on Saturday. MP of the Alliance for Reform and Reconstruction, Hassan Fadas, said that on Monday, the resolution of the Interior Ministry candidate is the main obstacle to completion of the ministerial cabinet. Let’s see how this plays out…. ...there is news about the intention of Faleh Fayyad too withdraw his candidacy from the Interior. If this happens there may be some real progress finally in this direction. Let’s see how it plays out this week. [post 1 of 2....stay tuned]
1-14-2019 Newshound Guru Kaperoni [I’ve always heard the government has nothing to do with the Dinar. That only the CBI could begin the float. If so then why do people say only when the government is set the float can begin.] Monetary policy is the CBI. That being said, such a significant event requires support from the Iraqi government. As well, much of the directives being implimented by Iraq are part of the reforms agreed under IMF or WB Stand by Agreements.
1-14-2019 Intel Guru RayRen98 Today's Parliament session has been postponed until Wednesday at 1:00 due to a lack of quorum. [And the band played on... ] Citizens are not happy with Mahdi's "progress" thus far...they are saying the corruption is still rampant in the government. Unofficial report: Things (rate activity) should get started today in Iraq and filter over to us this week. Time Will Tell...
1-14-2019 Newshound Guru MilitiaMan Lets not forget that there was an article 01/02/2018 talking about linking the IQD with a basket of currencies (They let that cat out of the bag and big time). The stir was the authority was saying hold on a minute... Lets not link to lower value currencies!! ...Nothing has changed as far as getting your purchase power, it is that we are going to get you more if we use an stronger basket...Thus, they bought more time? We shall see if it plays out like that. imo. [post 2 of 2]
1-14-2019 Newshound Guru MilitiaMan [...are you looking for this in EARLY 2019, MID 2019, LATE 2019...] I believe...they are ready to implement now with all the signs they have shown us over the last year. We know contracts have time stamps... T & T were said to be ready at a moments notice to be applied. We see a very large trading partner in country this week talking directly about money exchange. So, as for me the signs I see are not mid or late... There are fireflies on the ground over there that suggest that the citizens have been told they are getting a gift from GOD, they very well may have been placated for now, but, how long they will not get antsy is anyone's guess. [post 1 of 2....stay tuned]
1-13-2019 Newshound Guru Kaperoni I'll say it again...there can never be an overnight RV or RI, there is just to much dinar in circulation. Our best hope is for the CBI to move off the peg to a float and allow the dinar to rise gradually. Such an event could allow for a gradual reduction of currency. The simple fact that over 40 trillion dinar is in circulation is all one needs to know to realize there NEVER can be a RV or RI...Simply put, there is just to much dinar in circulation for such an event. The good news is the IMF documented very clearly the intent to float the dinar and if investment comes into Iraq as expected it should create the Balassa-Samuelson effect allowing the dinar to rise gradually. I believe once the CBI begins the float, the dinar could rise significantly within 6-12 months.
1-13-2019 Newshound Guru MilitiaMan Article: "Iraqi Dinar revaluation postponed by Central Bank for 5 years says MP Noura al-Bajari by Amre Sarhan Oct 29, 2014," Good deal...WS [Guru Walkingstick] told us back years ago that the process on the second set of books takes time. I believe there is data to support that from the imf. Didn’t WS suggest that time of the four year process to be 01/01/2018? I think so. So if that is the case which, I believe to be supportive being his track record is very good. The One more year equates to? Any time now! Imo.
1-13-2019 Intel Guru Delta Article quote: "The revaluation of the Iraqi dinar is ready to be implemented by the country's Central Bank; however, the Parliamentary Economic and Investment Commission has decided to postpone the revaluation to 2019." THIS ARTICLE IS FROM 08/16/2017...2019 IT'S...
1-13-2019 Intel Guru RayRen98 Iraq TV is reporting to the citizens they are "not seeing an end in sight" regarding the differences in the chosen names for cabinet seats and that this is causing damage to their government. Iraqi TV is reporting "no time table" for the completion of the cabinet voting. [Really? Is this a smoke screen...Time Will Tell!]
1-13-2019 Newshound Guru Kaperoni The dinar you own will never go back to Iraq. It will become part of the global traded currencies.
1-13-2019 Newshound Guru MilitiaMan Article: "Iraqi Dinar revaluation postponed by Central Bank for 5 years says MP Noura al-Bajari by Amre Sarhan Oct 29, 2014," Good deal...WS [Guru Walkingstick] told us back years ago that the process on the second set of books takes time. I believe there is data to support that from the imf. Didn’t WS suggest that time of the four year process to be 01/01/2018? I think so. So if that is the case which, I believe to be supportive being his track record is very good. The One more year equates to? Any time now! Imo.
1-13-2019 Intel Guru Delta Article quote: "The revaluation of the Iraqi dinar is ready to be implemented by the country's Central Bank; however, the Parliamentary Economic and Investment Commission has decided to postpone the revaluation to 2019." THIS ARTICLE IS FROM 08/16/2017...2019 IT'S...
1-13-2019 Intel Guru RayRen98 Iraq TV is reporting to the citizens they are "not seeing an end in sight" regarding the differences in the chosen names for cabinet seats and that this is causing damage to their government. Iraqi TV is reporting "no time table" for the completion of the cabinet voting. [Really? Is this a smoke screen...Time Will Tell!]
1-13-2019 Newshound Guru Kaperoni The dinar you own will never go back to Iraq. It will become part of the global traded currencies.
1-12-2019 Newshound/Intel Guru Mnt Goat Article: "Iran pushes Iraq to maintain trade without US dollar" This has NOTHING to do with the CBI determining when to reinstate the dinar. There is absolutely no connection for pressuring the Iraqi central bank. Will a reinstatement of the Iraqi dinar actually be good for this situation? Actually NO, and so why would the US push the CBI to use the dinar in place of the US dollar. If it were a good thing the Central bank could they just end the currency auctions and use dinar to trade with Iran. But the fact is it is NOT that simple and the other reasons why Iraq has not yet reinstated their currency still exist. ...They can’t just RV or RI cause they need to trade with one country in the middle east. It does not make any sense. ...In the long term this pressure from the US to have Iraq more independent from Iran is the BEST thing that can ever happen to Iraq.
1-12-2019 Newshound Guru Kaperoni So some are asking the significance of why the government needs to be offically formed for the IMF to engage with Iraq? Usually on these types of agreements a legitimate government is needed for validating/confirm signatures. [The normal cycle for Article IV consultations for countries under a program is 24 months. Thus Iraq is not due for an Article IV until the summer of 2019.] Wrong. Iraq under it's programs meets annually. Not to mention, the representative to Iraq told me directly they will not meet with Iraq until the completed formation of the government...
1-12-2019 Newshound/Intel Guru Mnt Goat ...we know Iraq has the plan to coincide the smaller category notes with the larger 3 zero notes together. We know this because the central bank of Iraq itself has told us. This is what really is going to make us rich someday. ...If Iraq was going to just “lop” they would have done it already.
1-12-2019 Intel Guru RayRen98 Parliament ended their session today with no mention of a cabinet vote...
1-12-2019 Newshound Guru Kaperoni Great new article from the World Bank talking about Iraq's GDP going from 1.9% in 2018 to 6.2% in 2019. How? Unless they open the banking system to the world for global investment.
1-12-2019 Newshound Guru Kaperoni So some are asking the significance of why the government needs to be offically formed for the IMF to engage with Iraq? Usually on these types of agreements a legitimate government is needed for validating/confirm signatures. [The normal cycle for Article IV consultations for countries under a program is 24 months. Thus Iraq is not due for an Article IV until the summer of 2019.] Wrong. Iraq under it's programs meets annually. Not to mention, the representative to Iraq told me directly they will not meet with Iraq until the completed formation of the government...
1-12-2019 Newshound/Intel Guru Mnt Goat ...we know Iraq has the plan to coincide the smaller category notes with the larger 3 zero notes together. We know this because the central bank of Iraq itself has told us. This is what really is going to make us rich someday. ...If Iraq was going to just “lop” they would have done it already.
1-12-2019 Intel Guru RayRen98 Parliament ended their session today with no mention of a cabinet vote...
1-12-2019 Newshound Guru Kaperoni Great new article from the World Bank talking about Iraq's GDP going from 1.9% in 2018 to 6.2% in 2019. How? Unless they open the banking system to the world for global investment.
1-11-2019 Newshound/Intel Guru Mnt Goat Article: "THE THREE PRESIDENCIES MEET POMPEO AND THE LATTER RENEWS HIS COUNTRY'S SUPPORT FOR IRAQ" Article quote: “activation of economic cooperation and investment between the two countries”. They are about to get this ball rolling from this 2018-2022 reconstruction plan. This plan, as we know, hinges on reinstating their currency. Why? They will need “free flow” of capital in and out of Iraq and they can not do this having to go to currency auctions and keep converting dinar to dollars. Get it? They will need automated, international systems to transfer money and these systems use the global currency exchanges to convert the currency to the proper exchange rates...
1-11-2019 Newshound Guru Kaperoni People ask me all the time..."why is it that a float is the only solution for Iraq?" Because it is the only way to gradually reduce the money supply as the dinar appreciates in value as a result of investment to reduce inflation. ...a mythical RV or RI...Never happening as there is to much (over 40 Trillion) dinar in circulation. Can never happen. Only a float at this point could work. There will never be a $3-$4 exchange rate of the dinar. Total nonsense. Iraq is trying to rebuild and create GDP not go broke paying out on a currency exchange...Monetary policy is pretty well documented for emerging market economies.
1-11-2019 Intel Guru ADMINBILL Another weekend is coming and with it come possibilities of an end to our journey. Are we there yet? That remains a question that will not be answered until you are at the bank. I am encouraged.
1-11-2019 Intel Guru Bruce I am probably more positive than I ever been the last 14 years. The fact we expect it very soon, very shortly. ...things are moving along nicely. We are moving through and you know I can’t call it because I do not know it, but I tell you I think we are looking very strongly over the next few days. Might have a great weekend...additionally...a lot of the rates were flashing...but...when we get ready to go the rates will be solid and maybe they will move a little bit up and down. That is okay. That is part of the Forex, part of trading, but I tell you this much about the Dinar, they had to increase the size of the screen vertically on Forex because of the increase that is anticipated for the Dinar. Two inches. They increased the height of the screen because of the curve that is going to take place of the Dinar going up. It would have run out of space. ...We are in great shape... we are looking at a real strong weekend...I think we are just about at the end of the ride...
1-11-2019 Intel Guru Frank26 On the 30th, of December, lifted the 3 zeros electronically. What I’m about to share with you is public knowledge. Why doesn’t the Internet know? You...have the ability and privilege to receive our study from [Guru] Walkingstick. Because Walkingstick is working with the Government of Iraq. On the 30th of Dec. 2018, WS firm received 240 contracts from the GOI. They started internally. 24 of them, have already been PAID. They were paid in IQD. The term of acceptance: 30 day contracts. Of the 240, 24 already paid in IQD. That’s exactly what Iraq has to do. I want you to know that these 240 contracts and the 24, they were paid at a rate of 1:1. Those contracts will start on January 13, 2019. Details on other firms is unknown to us. Believe they are similar and paid in IQD at 1:1.
1-11-2019 Newshound Guru Kaperoni People ask me all the time..."why is it that a float is the only solution for Iraq?" Because it is the only way to gradually reduce the money supply as the dinar appreciates in value as a result of investment to reduce inflation. ...a mythical RV or RI...Never happening as there is to much (over 40 Trillion) dinar in circulation. Can never happen. Only a float at this point could work. There will never be a $3-$4 exchange rate of the dinar. Total nonsense. Iraq is trying to rebuild and create GDP not go broke paying out on a currency exchange...Monetary policy is pretty well documented for emerging market economies.
1-11-2019 Intel Guru ADMINBILL Another weekend is coming and with it come possibilities of an end to our journey. Are we there yet? That remains a question that will not be answered until you are at the bank. I am encouraged.
1-11-2019 Intel Guru Bruce I am probably more positive than I ever been the last 14 years. The fact we expect it very soon, very shortly. ...things are moving along nicely. We are moving through and you know I can’t call it because I do not know it, but I tell you I think we are looking very strongly over the next few days. Might have a great weekend...additionally...a lot of the rates were flashing...but...when we get ready to go the rates will be solid and maybe they will move a little bit up and down. That is okay. That is part of the Forex, part of trading, but I tell you this much about the Dinar, they had to increase the size of the screen vertically on Forex because of the increase that is anticipated for the Dinar. Two inches. They increased the height of the screen because of the curve that is going to take place of the Dinar going up. It would have run out of space. ...We are in great shape... we are looking at a real strong weekend...I think we are just about at the end of the ride...
1-11-2019 Intel Guru Frank26 On the 30th, of December, lifted the 3 zeros electronically. What I’m about to share with you is public knowledge. Why doesn’t the Internet know? You...have the ability and privilege to receive our study from [Guru] Walkingstick. Because Walkingstick is working with the Government of Iraq. On the 30th of Dec. 2018, WS firm received 240 contracts from the GOI. They started internally. 24 of them, have already been PAID. They were paid in IQD. The term of acceptance: 30 day contracts. Of the 240, 24 already paid in IQD. That’s exactly what Iraq has to do. I want you to know that these 240 contracts and the 24, they were paid at a rate of 1:1. Those contracts will start on January 13, 2019. Details on other firms is unknown to us. Believe they are similar and paid in IQD at 1:1.
1-10-2019 Intel Guru Delta "The largest deletion of zeros in history." Quote: "The elimination of zeros is not new in Iran, it was preceded by Venezuela when it omitted five zeros, and Iraq which has already deleted zeros from Iraqi dinars..." [Delta, if they deleted any zeros we would see it on the cbi web site IMO and all the zeros are still there.] THEY CAN HOLD IT FROM US WITH IN 30 DAYS...
1-10-2019 Newshound/Intel Guru Mnt Goat For all you who ...want a date and a rate – no reinstatement as of yet and the dinar is not yet international. The CBI is still planning for the month of January and so we watch and wait, however I do not see the signs I would want to see to by now to prove this is the case. There is still more than 3 weeks remaining in January. Also when the dinar does finally reinstate it will most likely be in the range of $3-$4 on exchange with the US dollar. This is NOT going to be slow rise from the program rate 1190 since it will no longer be solely pegged to the US dollar.
1-10-2019 Newshound/Intel Guru RVAlready [So the budget being voted on tomorrow [Thursday]. Is that the news we're waiting on for tomorrow or Friday?] We do not really care about their budget. The RV will happen independent of that. I think parliament is a smoke screen. Stuff in Iraq almost always comes from back room meetings. Sounds like cabinet will be announced tomorrow.
1-10-2019 Newshound Guru Adam Montana Yes, EVERYONE wins. Even the OPEC members that may have seemingly "lost" some revenue with their limited production agreement. The truth of that matter is that none of them are in the dark about the potential for Iraq to revalue. They all sit there,innocently and conveniently silent about Iraq's exclusion from the agreement. Coincidence? I think not. In fact, this is the KEY. It's staring the world in the face, and only a small group of us are even paying attention. I'm ok with that. HCL is still a pivotal issue, but there's no point in finalizing the HCL until oil prices go back up. More good news - Iraq is in a very good position to implement HCL, so once we see this graph going up again...game on! [post 3 of 3]
1-10-2019 Newshound Guru Adam Montana The good and bad news is this - there are actions being taken to get the price of oil back up. ...Now, think about this little tidbit...Iraq has "confirmed their commitment to participating" in the oil productions cuts. But, as a savvy reader who remembers the details, you also know that Iraq was not specifically included in the original OPEC agreement. Iraq is essentially standing on the sidelines, voicing support, encouraging the action... but reserving the right to step back from it and swoop in on some profits once they are there again, while everyone else frantically tries to organize a vote to release themselves from their self-imposed restrictions. At that point in time, Iraq will have all the time they need to successfully execute a couple days or even weeks of trading, exchanging currency with higher values and reaping profits on said exchanges, and everyone wins. [post 2 of 3....stay tuned]
1-10-2019 Newshound Guru Adam Montana I’m still pretty solid about 2019. In fact, I like it a lot. Not this week in particular, but in general - I think we've got a solid chance...this year! I've been keeping an eye on the situation for a few months now, waiting to see the trend I'm seeing right now. Waiting for all the pieces to come together. And I finally feel like it's time to voice the following thoughts. We may all enjoy a lower pump price, but I guarantee you the Middle East and all our Texas oil boys don't necessarily like them! That's exactly why OPEC entered into a production limit agreement in the not-so-distant past...because supply and demand drives price. Oil is on sale right now, due to a very high supply, and I don't think we'll see an RV while the sale is on. It's simply not in the CBI's best interest to do so. [post 1 of 3....stay tuned]
1-10-2019 Newshound/Intel Guru Mnt Goat For all you who ...want a date and a rate – no reinstatement as of yet and the dinar is not yet international. The CBI is still planning for the month of January and so we watch and wait, however I do not see the signs I would want to see to by now to prove this is the case. There is still more than 3 weeks remaining in January. Also when the dinar does finally reinstate it will most likely be in the range of $3-$4 on exchange with the US dollar. This is NOT going to be slow rise from the program rate 1190 since it will no longer be solely pegged to the US dollar.
1-10-2019 Newshound/Intel Guru RVAlready [So the budget being voted on tomorrow [Thursday]. Is that the news we're waiting on for tomorrow or Friday?] We do not really care about their budget. The RV will happen independent of that. I think parliament is a smoke screen. Stuff in Iraq almost always comes from back room meetings. Sounds like cabinet will be announced tomorrow.
1-10-2019 Newshound Guru Adam Montana Yes, EVERYONE wins. Even the OPEC members that may have seemingly "lost" some revenue with their limited production agreement. The truth of that matter is that none of them are in the dark about the potential for Iraq to revalue. They all sit there,innocently and conveniently silent about Iraq's exclusion from the agreement. Coincidence? I think not. In fact, this is the KEY. It's staring the world in the face, and only a small group of us are even paying attention. I'm ok with that. HCL is still a pivotal issue, but there's no point in finalizing the HCL until oil prices go back up. More good news - Iraq is in a very good position to implement HCL, so once we see this graph going up again...game on! [post 3 of 3]
1-10-2019 Newshound Guru Adam Montana The good and bad news is this - there are actions being taken to get the price of oil back up. ...Now, think about this little tidbit...Iraq has "confirmed their commitment to participating" in the oil productions cuts. But, as a savvy reader who remembers the details, you also know that Iraq was not specifically included in the original OPEC agreement. Iraq is essentially standing on the sidelines, voicing support, encouraging the action... but reserving the right to step back from it and swoop in on some profits once they are there again, while everyone else frantically tries to organize a vote to release themselves from their self-imposed restrictions. At that point in time, Iraq will have all the time they need to successfully execute a couple days or even weeks of trading, exchanging currency with higher values and reaping profits on said exchanges, and everyone wins. [post 2 of 3....stay tuned]
1-10-2019 Newshound Guru Adam Montana I’m still pretty solid about 2019. In fact, I like it a lot. Not this week in particular, but in general - I think we've got a solid chance...this year! I've been keeping an eye on the situation for a few months now, waiting to see the trend I'm seeing right now. Waiting for all the pieces to come together. And I finally feel like it's time to voice the following thoughts. We may all enjoy a lower pump price, but I guarantee you the Middle East and all our Texas oil boys don't necessarily like them! That's exactly why OPEC entered into a production limit agreement in the not-so-distant past...because supply and demand drives price. Oil is on sale right now, due to a very high supply, and I don't think we'll see an RV while the sale is on. It's simply not in the CBI's best interest to do so. [post 1 of 3....stay tuned]
1-9-2019 Intel Guru RayRen98 Iraqi TV is reporting that Thursday's Parliament session will be totally dedicated to the 2019 Budget. The cabinet voting will "supposedly" happen on Saturday's session. Reportedly, Fox news posted an alert that Mike Pompeo made a surprise visit to the Iraqi Parliament announcing to them to grow up and become the sovereign nation they're expected to be. [Time Will Tell]
1-9-2019 Newshound/Intel Guru Mnt Goat Article: "ALLOCATION OF 50 MILLION DINARS TO ARTICLE 140" So folks here it is again Article 140. Do you wonder why now and we project the CBI to reinstate by the end of January? Go figure Article 140 and HCL HOT in the news NOW! Don’t let anyone tell you these are not important to have the reinstatement of the dinar. The FACT is we were told many years ago that the new Iraqi constitution MUST be fully implemented to get the currency back online...So these are mandated by the constitution.
1-9-2019 Newshound/Intel Guru BGG ...Personally, I don’t care which way it starts – just as long as it gets going. ...Regardless of which way it happens – if the value rises, we ALL WIN!!...
1-9-2019 Intel Guru Bruce [via PinkRoses] Just when you think it is safe to say everything is done with Iraq, there is one more piece we were looking for or is happening that we should be aware of. We heard they have (3) announcements coming out...One was made today [Tuesday]. One should be made on Thursday, and I believe one is going to be made on Friday. I know one of the announcements, not the one today, I believe will talk about the reinstatement of the Iraqi Dinar, and the fact that Iraq is a Sovereign nation and has revalued currency. Some of that revaluation of that currency will occur when that currency is actively traded on the world market using Forex to do so. I believe that is where we believe is reinstatement and go into revaluation because the rates they have now that we know of is already higher than their $3.22 rate was back in 2003 ...ultimately Iraq is done having made the decision to do what they needed to do and conform to what they have been asked to do. Now it is just a matter of timing and time. So I am going to say I am looking forward to again a very good and interesting weekend...
1-9-2019 Intel Guru RayRen98 Iraqi TV is reporting that Thursday's session will "probably" be postponed until Saturday due to the low attendance for Tuesdays' session that eventually did not take place. Mahdi is being requested to hold accountable those who did not appear for the session. Mahdi continues to submit the same names already previously rejected. He has sent out a text/tweet message supporting his actions with resolve being a fully-appointed cabinet "soon." [Time Will Tell]
1-9-2019 Newshound/Intel Guru Mnt Goat Article: "ALLOCATION OF 50 MILLION DINARS TO ARTICLE 140" So folks here it is again Article 140. Do you wonder why now and we project the CBI to reinstate by the end of January? Go figure Article 140 and HCL HOT in the news NOW! Don’t let anyone tell you these are not important to have the reinstatement of the dinar. The FACT is we were told many years ago that the new Iraqi constitution MUST be fully implemented to get the currency back online...So these are mandated by the constitution.
1-9-2019 Newshound/Intel Guru BGG ...Personally, I don’t care which way it starts – just as long as it gets going. ...Regardless of which way it happens – if the value rises, we ALL WIN!!...
1-9-2019 Intel Guru Bruce [via PinkRoses] Just when you think it is safe to say everything is done with Iraq, there is one more piece we were looking for or is happening that we should be aware of. We heard they have (3) announcements coming out...One was made today [Tuesday]. One should be made on Thursday, and I believe one is going to be made on Friday. I know one of the announcements, not the one today, I believe will talk about the reinstatement of the Iraqi Dinar, and the fact that Iraq is a Sovereign nation and has revalued currency. Some of that revaluation of that currency will occur when that currency is actively traded on the world market using Forex to do so. I believe that is where we believe is reinstatement and go into revaluation because the rates they have now that we know of is already higher than their $3.22 rate was back in 2003 ...ultimately Iraq is done having made the decision to do what they needed to do and conform to what they have been asked to do. Now it is just a matter of timing and time. So I am going to say I am looking forward to again a very good and interesting weekend...
1-9-2019 Intel Guru RayRen98 Iraqi TV is reporting that Thursday's session will "probably" be postponed until Saturday due to the low attendance for Tuesdays' session that eventually did not take place. Mahdi is being requested to hold accountable those who did not appear for the session. Mahdi continues to submit the same names already previously rejected. He has sent out a text/tweet message supporting his actions with resolve being a fully-appointed cabinet "soon." [Time Will Tell]
1-8-2019 Newshound Guru Kaperoni I believe Inflation in Iraq is under 2%. There are several reasons why the CBI should begin to raise the value...but only time will tell.
1-8-2019 Intel Guru Frank26 There are two banks within Iraq that have mirrored US banking capabilities regarding the transfer of funds and now are able to do a conversion from country to country. The importance of the 2 banks in country of Iraq adopting our US banking techniques is that now the contractors who are conducting business in country and being paid in IQD are now depositing their IQD in American banking institutions. And now our banks are able to convert these deposits from IQD to USN in our country. We know of one US contractor has in over 200+ contracts for construction within country and will be paid in IQD on a 1 to 1 basis with US currency values and because of the mirrored banking techniques his in country bank will now make this conversion.
1-8-2019 Newshound Guru Kaperoni ...guru BGG tries to discredit my recent float post by saying it is not supported by and CBI or other documentation. ...wrong! In fact it is supported by the experts...the IMF. My comments are directly related to articles or documentation pertaining to general monetary policy issued by the IMF themselves. [reference Guru BGG post 1-6-2019]
1-8-2019 Newshound Guru Phillyman ...Today we have another delay due to lack of quorum, this one to January 10. Some thought remaining positions would be filled, the 140 discussed, the 2019 budget discussed. I continue to listen to [Guru] Breitling and believe in this investment...
1-8-2019 Newshound/Intel Guru Mnt Goat Article: "CBI IS SELLING COLLECTORS COINS" Of course many...are going to try to tell you that the CBI is releasing coins and thus the RV is happening. So I am warning all you intelligent people to ignore all this rubbish. So far we have NO signs of a reinstatement as we expected to see by this time. But January is not even half over and there is still much time. Let’s see what really happens. I am still hearing the CBI is targeting the end of January.
1-8-2019 Newshound/Intel Guru RVAlready Article: "Jim Yong Kim steps down as President of World Bank" Wow. WB president steps down. No reason given. Never thought I would see this…Wonder who else will go between now and the RV/GCR.
1-8-2019 Intel Guru Frank26 There are two banks within Iraq that have mirrored US banking capabilities regarding the transfer of funds and now are able to do a conversion from country to country. The importance of the 2 banks in country of Iraq adopting our US banking techniques is that now the contractors who are conducting business in country and being paid in IQD are now depositing their IQD in American banking institutions. And now our banks are able to convert these deposits from IQD to USN in our country. We know of one US contractor has in over 200+ contracts for construction within country and will be paid in IQD on a 1 to 1 basis with US currency values and because of the mirrored banking techniques his in country bank will now make this conversion.
1-8-2019 Newshound Guru Kaperoni ...guru BGG tries to discredit my recent float post by saying it is not supported by and CBI or other documentation. ...wrong! In fact it is supported by the experts...the IMF. My comments are directly related to articles or documentation pertaining to general monetary policy issued by the IMF themselves. [reference Guru BGG post 1-6-2019]
1-8-2019 Newshound Guru Phillyman ...Today we have another delay due to lack of quorum, this one to January 10. Some thought remaining positions would be filled, the 140 discussed, the 2019 budget discussed. I continue to listen to [Guru] Breitling and believe in this investment...
1-8-2019 Newshound/Intel Guru Mnt Goat Article: "CBI IS SELLING COLLECTORS COINS" Of course many...are going to try to tell you that the CBI is releasing coins and thus the RV is happening. So I am warning all you intelligent people to ignore all this rubbish. So far we have NO signs of a reinstatement as we expected to see by this time. But January is not even half over and there is still much time. Let’s see what really happens. I am still hearing the CBI is targeting the end of January.
1-8-2019 Newshound/Intel Guru RVAlready Article: "Jim Yong Kim steps down as President of World Bank" Wow. WB president steps down. No reason given. Never thought I would see this…Wonder who else will go between now and the RV/GCR.
1-7-2019 Intel Guru Frank26 ...NO ONE KNOWS THE DATE NOR RATE UNTIL THE CBI POST IT... [You can find the official CBI Rate and Market Rate listed in the Dinar Guru Resource Bar on the left of this page...]
1-7-2019 Intel Guru RayRen98 Reportedly, 4 of PM Madhi's Parliament ministers will be expelled due to their alleged activity with the government corruption. If so, that will leave 7 cabinet seats to be filled instead of 3. [Hmmmm, will it even make a difference? Time Will Tell] Iraqi TV broadcasts a Parliament spokesperson indicating that Tuesday's session will NOT produce a resolution for the remaining cabinet members because of the ongoing turmoil and submittal of the same names previously rejected...
1-7-2019 Newshound/Intel Guru Mnt Goat Why do I keep saying “reinstate” instead of “revalue”? The CBI can’t revalue the dinar since it is not even yet on the global trading platforms. ...We must go by pure definition of what being traded means...To be “traded” means that the dinar can be bought and sold on the “open” global currency exchanges like other currencies. It also means that investors in currencies such as hedge funds, investment brokerages, etc, etc can legally pick up the dinar and place them in portfolios such as 401k, retirement funds, mutual funds, etc...The CBI itself tells me they must first “reinstate’ the dinar and in this process they expect a significant rate change. This process stems around the “project to delete the zeros”. They tell me this project must coincide closely with the reinstatement process. This is what we watch and wait for not a revaluation.
1-7-2019 Intel Guru Frank26 Article: "Iran is moving to remove zeros from its currency and curb inflation" [IMO this is a lop.] CORRECT...THE COMPLETE OPPOSITE OF IRAQ'S RI!!! THERE IS ALL THE REASON FOR THE IRANIAN RIAL TO LOP ...AS THERE IS ALL REASON FOR THE IRAQI DINAR TO RD/RV/RI!!!
1-7-2019 Newshound/Intel Guru Walkingstick Article: "Iran is moving to remove zeros from its currency and curb inflation" Comparing, apples- oranges... There are no comparable factors between Iraq/ Iran and why they have opted to RD their currencies.... The manner in which it will be employed and or the expectation of results after the fact...In short: Irans reasoning/ necessity due to inflation spiraling out of control, approaching hyperinflation...A factor non existent in Iraq...
1-7-2019 Intel Guru ADMINBILL Still hearing good things so don't be discouraged. Once again, until all of my contacts agree because they have proof in hand then we continue our watch.
1-7-2019 Intel Guru RayRen98 Reportedly, 4 of PM Madhi's Parliament ministers will be expelled due to their alleged activity with the government corruption. If so, that will leave 7 cabinet seats to be filled instead of 3. [Hmmmm, will it even make a difference? Time Will Tell] Iraqi TV broadcasts a Parliament spokesperson indicating that Tuesday's session will NOT produce a resolution for the remaining cabinet members because of the ongoing turmoil and submittal of the same names previously rejected...
1-7-2019 Newshound/Intel Guru Mnt Goat Why do I keep saying “reinstate” instead of “revalue”? The CBI can’t revalue the dinar since it is not even yet on the global trading platforms. ...We must go by pure definition of what being traded means...To be “traded” means that the dinar can be bought and sold on the “open” global currency exchanges like other currencies. It also means that investors in currencies such as hedge funds, investment brokerages, etc, etc can legally pick up the dinar and place them in portfolios such as 401k, retirement funds, mutual funds, etc...The CBI itself tells me they must first “reinstate’ the dinar and in this process they expect a significant rate change. This process stems around the “project to delete the zeros”. They tell me this project must coincide closely with the reinstatement process. This is what we watch and wait for not a revaluation.
1-7-2019 Intel Guru Frank26 Article: "Iran is moving to remove zeros from its currency and curb inflation" [IMO this is a lop.] CORRECT...THE COMPLETE OPPOSITE OF IRAQ'S RI!!! THERE IS ALL THE REASON FOR THE IRANIAN RIAL TO LOP ...AS THERE IS ALL REASON FOR THE IRAQI DINAR TO RD/RV/RI!!!
1-7-2019 Newshound/Intel Guru Walkingstick Article: "Iran is moving to remove zeros from its currency and curb inflation" Comparing, apples- oranges... There are no comparable factors between Iraq/ Iran and why they have opted to RD their currencies.... The manner in which it will be employed and or the expectation of results after the fact...In short: Irans reasoning/ necessity due to inflation spiraling out of control, approaching hyperinflation...A factor non existent in Iraq...
1-7-2019 Intel Guru ADMINBILL Still hearing good things so don't be discouraged. Once again, until all of my contacts agree because they have proof in hand then we continue our watch.
1-6-2019 Newshound Guru Adam Montana [Crude Oil Prices/Future to reach a critical threshold (whatever THAT is).] $55 is what I'm looking for, with $60 being in the red zone.
1-6-2019 Intel Guru RayRen98 Artile: "Iran pushes Iraq to maintain trade without US dollar" Article summary: "Iran is pushing for an agreement with the Iraqi Central Bank to maintain trade in local currencies after dollar-base trade halted following the reimposition of US sanctions." “Using the dinar in trade with Iran will lead to an increase in the value of the Iraqi dinar due to higher demand, especially considering that the trade exchange between the two countries reached $8 billion in the past eight months,” freelance researcher and writer Ahmed Hathal told Al-Monitor." For a clear understanding of why things are being held up...it’s what I’ve been telling you for weeks.
1-6-2019 Newshound/Intel Guru Mnt Goat ...last summer we got the HCL passed and we were told full activation in Sept since the passing of the law stated Sept timeframe for activation. But this of course was contingent upon something. This something we don’t know what it is...Then when Sept came we were told full activation in Feb 2019 along with the sovereign funds. So this is technically overdue. So what is this issue then that they keep delaying this? Could if the drop in the price of oil? Could it be they expecte to have the govt in place and the reconstruction moving along by now and thus also the currency restated? But since they still delay the govt this is delaying everything else?...
1-6-2019 Newshound/Intel Guru BGG [Reference Guru Kaperoni post 1-4-2019 - There is a tweet going around that President Trump has tied some RV to a China trade agreement…False. There is no RV never will be. Best we can hope for is for Iraq to open it’s economy to investors and float the dinar.] This is [Kaperoni's] honest opinion. However, this is all it is – an opinion. In fact, it is an opinion not at all validated by documents produced by the CBI and the US Congress.
1-6-2019 Intel Guru RayRen98 Artile: "Iran pushes Iraq to maintain trade without US dollar" Article summary: "Iran is pushing for an agreement with the Iraqi Central Bank to maintain trade in local currencies after dollar-base trade halted following the reimposition of US sanctions." “Using the dinar in trade with Iran will lead to an increase in the value of the Iraqi dinar due to higher demand, especially considering that the trade exchange between the two countries reached $8 billion in the past eight months,” freelance researcher and writer Ahmed Hathal told Al-Monitor." For a clear understanding of why things are being held up...it’s what I’ve been telling you for weeks.
1-6-2019 Newshound/Intel Guru Mnt Goat ...last summer we got the HCL passed and we were told full activation in Sept since the passing of the law stated Sept timeframe for activation. But this of course was contingent upon something. This something we don’t know what it is...Then when Sept came we were told full activation in Feb 2019 along with the sovereign funds. So this is technically overdue. So what is this issue then that they keep delaying this? Could if the drop in the price of oil? Could it be they expecte to have the govt in place and the reconstruction moving along by now and thus also the currency restated? But since they still delay the govt this is delaying everything else?...
1-6-2019 Newshound/Intel Guru BGG [Reference Guru Kaperoni post 1-4-2019 - There is a tweet going around that President Trump has tied some RV to a China trade agreement…False. There is no RV never will be. Best we can hope for is for Iraq to open it’s economy to investors and float the dinar.] This is [Kaperoni's] honest opinion. However, this is all it is – an opinion. In fact, it is an opinion not at all validated by documents produced by the CBI and the US Congress.
1-5-2019 Newshound Guru Adam Montana [Any real chance we see the HCL passed this month?] Any real chance - absolutely! But I think it will be delayed until there is a solid swing in the oil market.
1-5-2019 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENT TO VOTE TO LIFT THE IMMUNITY OF ANY DEPUTY WHO VIOLATES THE LAW" this member of parliament is right on track. This immunity stuff is at the very heart of the issue of corruption. Don’t you think members of the government know they are protected and this gives them a safeguard? Eliminate this and things could drastically change in Iraq, for the better.
1-5-2019 Newshound Guru Breitling Iraq can not function…they need $54 per barrel to survive…they’re telling us…in two years it’s going to be $25 per barrel. That means they’re in the negative. They need $54 to stay even. That’s just to make it. To survive…They are going to be below that by half…it makes me happy cause you and I are sitting on their currency. What are they going to do devalue it more? No. They are going to add value and you and I are sitting on it. You should be happy. It’s real…that’s the way it works. No body can get around this math…You have a hundred years of how countries devalued and valued their currencies and Iraq is no different. They are going to be forced to do it. Nothing can stop them from doing it. That’s what’s so neat about what’s coming up.
1-5-2019 Newshound/Intel Guru Mnt Goat Article Quote: "...al-Karbouli warned Thursday of dire consequences for the Iraqi economy if the fate OF THE IRAQI DINAR IS LINKED TO LOWER CURRENCIES." Could this be referring to the USD? Of course it is since the dinar is not solely pegged to the US dollar ... if the US dollar has de-valuing issues, this would also drag down the value of the Iraqi dinar. This article is correct. So the best solution is to get off the sole peg and re-peg to the SDR basket of 5 currencies. Then put the dinar on a float and open it up to the world again.
1-5-2019 Newshound Guru MilitiaMan Article: "Under the title No to the adventure of our economy .. Karbali warns of linking the Iraqi dinar in currencies with the lowest value" My take away is this. Okay, he is concerned the IQD will be LINKED with other currencies, that may or do have less value. Not my problem...As what he just said, tells me the cat is out of the bag in that they are going to be linked to other currencies internationally...We shall see what happens, and all in my opinion!! WOW.
1-5-2019 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENT TO VOTE TO LIFT THE IMMUNITY OF ANY DEPUTY WHO VIOLATES THE LAW" this member of parliament is right on track. This immunity stuff is at the very heart of the issue of corruption. Don’t you think members of the government know they are protected and this gives them a safeguard? Eliminate this and things could drastically change in Iraq, for the better.
1-5-2019 Newshound Guru Breitling Iraq can not function…they need $54 per barrel to survive…they’re telling us…in two years it’s going to be $25 per barrel. That means they’re in the negative. They need $54 to stay even. That’s just to make it. To survive…They are going to be below that by half…it makes me happy cause you and I are sitting on their currency. What are they going to do devalue it more? No. They are going to add value and you and I are sitting on it. You should be happy. It’s real…that’s the way it works. No body can get around this math…You have a hundred years of how countries devalued and valued their currencies and Iraq is no different. They are going to be forced to do it. Nothing can stop them from doing it. That’s what’s so neat about what’s coming up.
1-5-2019 Newshound/Intel Guru Mnt Goat Article Quote: "...al-Karbouli warned Thursday of dire consequences for the Iraqi economy if the fate OF THE IRAQI DINAR IS LINKED TO LOWER CURRENCIES." Could this be referring to the USD? Of course it is since the dinar is not solely pegged to the US dollar ... if the US dollar has de-valuing issues, this would also drag down the value of the Iraqi dinar. This article is correct. So the best solution is to get off the sole peg and re-peg to the SDR basket of 5 currencies. Then put the dinar on a float and open it up to the world again.
1-5-2019 Newshound Guru MilitiaMan Article: "Under the title No to the adventure of our economy .. Karbali warns of linking the Iraqi dinar in currencies with the lowest value" My take away is this. Okay, he is concerned the IQD will be LINKED with other currencies, that may or do have less value. Not my problem...As what he just said, tells me the cat is out of the bag in that they are going to be linked to other currencies internationally...We shall see what happens, and all in my opinion!! WOW.
1-4-2019 Newshound/Intel Guru Mnt Goat We still wait for the Jan 8th session in parliament to see if the last of the three ministers are voted on. Today we heard that maybe they might just vote on the Interior minister on next Tuesday. We wait and see. So right now there is still no indication of a reinstatement occurring soon. I know we all expected maybe January to be our month and this is still the best month for the CBI to target it. The CBI still has this planned for January but, like I keep telling everyone, this is not going to be such a huge surprise when it does occur. We WILL have some indication for at least a week or two ahead of time and see it coming. Right now we do NOT see any of these indicators. Maybe after the last of the ministers are voted on things might suddenly pick up and get crazy. We just sit, relax and wait…..
1-4-2019 Newshound Guru Kaperoni There is a tweet going around that President Trump has tied some RV to a China trade agreement...False. There is no RV never will be. Best we can hope for is for Iraq to open it's economy to investors and float the dinar.
1-4-2019 Intel Guru Bruce ...I know there have been things happening in Iraq. I know that they have a Parliament meeting tomorrow [Friday] ...I am sure some good information will come out of that...We know things are moving along, but they are moving slowly. As far as I know rates are still good... ...I believe that there is going to be a Bank meeting among the major Banks...I think they are going to make a decision on when to release this to us... We believe they have a couple of options to do it before the weekend. ...That meeting should take place early in the afternoon tomorrow [Friday] which case anything is possible for us in the next couple of days. This is what I am hearing...I just think we are in a great position to receive and finally be there. Yes, it has been a much farther process than any of us thought.
1-4-2019 Newshound Guru Adam Montana [Since I have been on this investment (10years) the dinar rate is moving in the wrong direction (Devaluation) from 1166 - 1182 - 1190.] ...I don't think we're seeing anything to worry about. A change from 1166 to 1190 is miniscule and barely worth noting...I think we are going in a good direction.
1-4-2019 Newshound/Intel Guru RVAlready [Question. Is it to say that Iraq depends on stable oil prices in which to submit, ratify, and approve a budget? I ask because one would think that contingencies would be in place for such a volatile resource.] That would depend on current rate vs budget minimum target rate. A question I cannot answer….there is probably room to spare in the numbers. They have been at this a long time. So, they probably have room to play before they would alter the budget. Also...they have plenty of monetary reserves.
1-4-2019 Newshound Guru Kaperoni There is a tweet going around that President Trump has tied some RV to a China trade agreement...False. There is no RV never will be. Best we can hope for is for Iraq to open it's economy to investors and float the dinar.
1-4-2019 Intel Guru Bruce ...I know there have been things happening in Iraq. I know that they have a Parliament meeting tomorrow [Friday] ...I am sure some good information will come out of that...We know things are moving along, but they are moving slowly. As far as I know rates are still good... ...I believe that there is going to be a Bank meeting among the major Banks...I think they are going to make a decision on when to release this to us... We believe they have a couple of options to do it before the weekend. ...That meeting should take place early in the afternoon tomorrow [Friday] which case anything is possible for us in the next couple of days. This is what I am hearing...I just think we are in a great position to receive and finally be there. Yes, it has been a much farther process than any of us thought.
1-4-2019 Newshound Guru Adam Montana [Since I have been on this investment (10years) the dinar rate is moving in the wrong direction (Devaluation) from 1166 - 1182 - 1190.] ...I don't think we're seeing anything to worry about. A change from 1166 to 1190 is miniscule and barely worth noting...I think we are going in a good direction.
1-4-2019 Newshound/Intel Guru RVAlready [Question. Is it to say that Iraq depends on stable oil prices in which to submit, ratify, and approve a budget? I ask because one would think that contingencies would be in place for such a volatile resource.] That would depend on current rate vs budget minimum target rate. A question I cannot answer….there is probably room to spare in the numbers. They have been at this a long time. So, they probably have room to play before they would alter the budget. Also...they have plenty of monetary reserves.
1-3-2019 Newshound/Intel Guru Mnt Goat Will we see the “reinstatement” of the Iraqi dinar this month? All we can go by is what we know as FACTS...We know that Jan 2013 is a known past planned targets to reinstate the dinar. Even Dr Shabibi came out in a news media talk and told us that Iraq had an “unprecedented” opportunity to reinstate the dinar. But they failed due to political corruption. Three other targeted times but NOT attempted like in 2013, also occurred for January 2011, 2016, 2018. The CBI also came flat right out and told us that “EARLY 2017” was a target but due to ISIS war not completed this would be delayed. So it seems that EARLY January is significant. When we research we find out that the accounting period (fiscal year accounting period) for Iraq begins Jan 1st not oct 1st like in the western world. Could this make a difference as to why they select January each time? This may always been the best opportunity for them to reinstate the dinar.
1-3-2019 Intel Guru RayRen98 Iraqi TV is reporting that the cabinet will be completed on Friday. PM Mahdi is being quoted as saying that the Supreme Court will be restructured due to corruption. More of the Green Zone is being made available for public access.
1-3-2019 Guest Guru BobTheTaxMan Things have never changed. They haven’t. It’s [The Iraqi Dinar] an undervalued currency that we have elected to participate in. It takes a little bit of gumption to step up and try that…I hope and believe that somewhere in the very near future we are gong to see everything shift over in the Middle East and the investment we’re involved in to will come to fruition.
1-3-2019 Intel Guru ADMINBILL Where we are as of 01/01/2019...This is what was passed to me at last night. Once again the scheduled release of the RV, set for the end of 2018, and subsequently postponed, is now said to be rescheduled for early January 2019. As I have said multiple times in the past the RV must be preceded by a completion of all activation processes which I believe may have been completed in full or nearly so. The final process is said to be the public RV...After forwarding that information to several contacts it was stated that the information they have receive follows closely to what I just summarized...We shall see how this latest information plays out through the coming days and early weeks of 2019.
1-3-2018 Intel Guru Checkmate ...I'm here because I know for a fact it's going to happen. If I didn't think it was going to happen I would sell my dinar...But I hang onto it because we've done our homework...but we don't know that it's this month...Now if it's this week that's wonderful...it will imminently happen sometime in history and I also believe that should be very soon...They are doing it...The plan is to do it as soon as possible...Do I think that huge thing is going to take place in 5 days...I am not longer going to do that...Eventually Iraq's going to get their money back...they are going to recatergorize the dinar...
1-3-2019 Intel Guru RayRen98 Iraqi TV is reporting that the cabinet will be completed on Friday. PM Mahdi is being quoted as saying that the Supreme Court will be restructured due to corruption. More of the Green Zone is being made available for public access.
1-3-2019 Guest Guru BobTheTaxMan Things have never changed. They haven’t. It’s [The Iraqi Dinar] an undervalued currency that we have elected to participate in. It takes a little bit of gumption to step up and try that…I hope and believe that somewhere in the very near future we are gong to see everything shift over in the Middle East and the investment we’re involved in to will come to fruition.
1-3-2019 Intel Guru ADMINBILL Where we are as of 01/01/2019...This is what was passed to me at last night. Once again the scheduled release of the RV, set for the end of 2018, and subsequently postponed, is now said to be rescheduled for early January 2019. As I have said multiple times in the past the RV must be preceded by a completion of all activation processes which I believe may have been completed in full or nearly so. The final process is said to be the public RV...After forwarding that information to several contacts it was stated that the information they have receive follows closely to what I just summarized...We shall see how this latest information plays out through the coming days and early weeks of 2019.
1-3-2018 Intel Guru Checkmate ...I'm here because I know for a fact it's going to happen. If I didn't think it was going to happen I would sell my dinar...But I hang onto it because we've done our homework...but we don't know that it's this month...Now if it's this week that's wonderful...it will imminently happen sometime in history and I also believe that should be very soon...They are doing it...The plan is to do it as soon as possible...Do I think that huge thing is going to take place in 5 days...I am not longer going to do that...Eventually Iraq's going to get their money back...they are going to recatergorize the dinar...
1-2-2019 Newshound Guru Adam Montana ... I think this year is going to prove different than the last. ...It shouldn’t come as a surprise that the tail end of 2018 didn’t bring us an RV. Iraq operates on a global scale, so things that happen around the world do have an influence on them. 2018 was the worst year in the stock market since 2008. More importantly, US crude posted it’s first loss since 2015. Those are not specifically Iraq’s losses, of course, but lower oil prices affect ALL oil markets. Combine that with a general lack of news regarding the HCL and we have an obvious situation where they would not pull the trigger. We'd all like to think that Iraq can pull off an RV with lower oil prices, but the current market needs to change for Iraq and everyone else to be confident. It will happen, of course. But this doesn't look like the week for it. Not that I'm discouraged at all! The current market is a temporary thing. Nothing negative has happened to scare us from the future of this venture. And I don't think anything has changed to make Iraq no longer want to regain their former position of power and influence. It will happen. The question is only "when"?
1-2-2019 Newshound Guru Breitling The next big step for them was…the volume of currency that was out there. Then they had full control over the Iraqi dinar. So what are you and I looking at? Why am I invested? …I see an undervalued currency. Just like Warren Buffet sees an undervalued stock in the stock market…I can tell you where the value was at. I can tell you where the value is right now. And I can tell you what the value could be. The difference between Warren Buffet and us is that he has management rights. We don’t have management rights. We have to have confidence in the…people who are managing it to get it to where we want it to be. We’re just investing in an undervalued currency…Don’t tell me it’s at true market value…there’s all this hidden value in it. The people who don’t see it, hey that’s on you…it’s the most legitimate thing out there. It’s a huge opportunity. The question is, when. You and I don’t have control over that. [post 2 of 2]
1-2-2019 Newshound Guru Breitling …We’re looking at a currency [Iraqi Dinar]. We know what it used to be worth…the highest it was worth was $3.25. Saddam Hussein through his manipulated currencies said it was worth $3.75 but we know that’s not true. We had the first gulf war and it took a huge hit. So we know what the value went to at that stage. The second gulf war we knew it was going to drop to compete nothing so we injected the Iraqi economy with $1.5 billion worth of U.S currency so when we did the shock and awe they had money to spend…later on down the road they printed the currency that you and I have and they actually had to put $1.5 billion more U.S. dollars more into the economy because the popularity of the currency [Iraqi dinar] started going up. So what were they trying to do? Control the pace of the economy of Iraq. They actually had to do this a couple of times…[ post 1 of 2]
1-2-2019 Intel Guru Bruce Every indication we have had over the last 3 or 4 days is pointing toward the next day or so. ....We did get a few things that sort of confirmed where we thought we were and where we are, and where we plan to be the next couple of days. I am going to stay very positive and say that I believe we are at the end...We know everything is ready. [post 2 of 2]
1-2-2019 Intel Guru Bruce [via Pinkroses] ...here on January 1st is as an International New Years Day none of the banks are really open, but also none of the markets are opened for trading. ...but they are getting ready to start up here... ...I do know that what we have heard regarding the rates have been very favorable. ...Yesterday we heard very positive thing that put the Iraqi Dinar at about $5.60. It put the Vietnamese Dong at almost $5.00. ...Now let me say this, those rates were still up this afternoon [Tuesday], but they had not changed because no trading has taken place. Now we believe that tomorrow we will have new rates up on the screens that should be even better. All the rates including the Dinar should be there. [post 1 of 2....stay tuned]
1-2-2019 Newshound Guru MilitiaMan Article: "An economic artery will link Iraq to Jordan for decades" Quote: "...both countries would arrive at details of the transfer and cost of export of Iraqi crude oil to Jordan before 2 February 2019."... They have had this in the works for years... Fees and Customs Duties.. Taxes and Tariffs willl automatically adjust when timed accordingly and appropriate.!! imo ...we are in a sweet spot.. imo.
1-2-2019 Newshound/Intel Guru Mnt Goat Article: "AL-TAMIMI: IRAQ WILL BORROW FROM 21 FOREIGN PARTIES IN THE BUDGET OF 2019" Quote: “The 2019 budget is going in the wrong direction,” she said." Tamimi is an MP on the finance committee. I would listen to her closely. She is also the one that first exposed all this corruption with the currency auctions years and years ago and we all know this is in part, why the reinstatement is taking so long. We also know that in part the new Nov sanctions on Iran were designed to force Iraq to close down the auctions and use dinar for trading purposes with neighboring countries. But in order to do this they must first reinstate the currency...
1-2-2019 Newshound Guru Breitling The next big step for them was…the volume of currency that was out there. Then they had full control over the Iraqi dinar. So what are you and I looking at? Why am I invested? …I see an undervalued currency. Just like Warren Buffet sees an undervalued stock in the stock market…I can tell you where the value was at. I can tell you where the value is right now. And I can tell you what the value could be. The difference between Warren Buffet and us is that he has management rights. We don’t have management rights. We have to have confidence in the…people who are managing it to get it to where we want it to be. We’re just investing in an undervalued currency…Don’t tell me it’s at true market value…there’s all this hidden value in it. The people who don’t see it, hey that’s on you…it’s the most legitimate thing out there. It’s a huge opportunity. The question is, when. You and I don’t have control over that. [post 2 of 2]
1-2-2019 Newshound Guru Breitling …We’re looking at a currency [Iraqi Dinar]. We know what it used to be worth…the highest it was worth was $3.25. Saddam Hussein through his manipulated currencies said it was worth $3.75 but we know that’s not true. We had the first gulf war and it took a huge hit. So we know what the value went to at that stage. The second gulf war we knew it was going to drop to compete nothing so we injected the Iraqi economy with $1.5 billion worth of U.S currency so when we did the shock and awe they had money to spend…later on down the road they printed the currency that you and I have and they actually had to put $1.5 billion more U.S. dollars more into the economy because the popularity of the currency [Iraqi dinar] started going up. So what were they trying to do? Control the pace of the economy of Iraq. They actually had to do this a couple of times…[ post 1 of 2]
1-2-2019 Intel Guru Bruce Every indication we have had over the last 3 or 4 days is pointing toward the next day or so. ....We did get a few things that sort of confirmed where we thought we were and where we are, and where we plan to be the next couple of days. I am going to stay very positive and say that I believe we are at the end...We know everything is ready. [post 2 of 2]
1-2-2019 Intel Guru Bruce [via Pinkroses] ...here on January 1st is as an International New Years Day none of the banks are really open, but also none of the markets are opened for trading. ...but they are getting ready to start up here... ...I do know that what we have heard regarding the rates have been very favorable. ...Yesterday we heard very positive thing that put the Iraqi Dinar at about $5.60. It put the Vietnamese Dong at almost $5.00. ...Now let me say this, those rates were still up this afternoon [Tuesday], but they had not changed because no trading has taken place. Now we believe that tomorrow we will have new rates up on the screens that should be even better. All the rates including the Dinar should be there. [post 1 of 2....stay tuned]
1-2-2019 Newshound Guru MilitiaMan Article: "An economic artery will link Iraq to Jordan for decades" Quote: "...both countries would arrive at details of the transfer and cost of export of Iraqi crude oil to Jordan before 2 February 2019."... They have had this in the works for years... Fees and Customs Duties.. Taxes and Tariffs willl automatically adjust when timed accordingly and appropriate.!! imo ...we are in a sweet spot.. imo.
1-2-2019 Newshound/Intel Guru Mnt Goat Article: "AL-TAMIMI: IRAQ WILL BORROW FROM 21 FOREIGN PARTIES IN THE BUDGET OF 2019" Quote: “The 2019 budget is going in the wrong direction,” she said." Tamimi is an MP on the finance committee. I would listen to her closely. She is also the one that first exposed all this corruption with the currency auctions years and years ago and we all know this is in part, why the reinstatement is taking so long. We also know that in part the new Nov sanctions on Iran were designed to force Iraq to close down the auctions and use dinar for trading purposes with neighboring countries. But in order to do this they must first reinstate the currency...
1-1-2019 Intel Guru Frank26 YOUR FOCUS SHOULD ONLY BE ON...WHAT THE CBI DOES WITH THE RI OF THE IQD...NOTHING ELSE. FOR ALL ELSE WILL AUTOMATICALLY ADJUST POST RI. [Note: The latest and official CBI rate and market rate are listed in the Dinar Guru Recourse Bar on the left of this page]
1-1-2019 Newshound Guru Kaperoni ...monetary policy is not some random act. Monetary policy is based on statistical analysis. Iraq is not at an artifical currency rate. ...The rate is the current exchange rate that has already appreciated since the dinar was introduced in 2003 from about 3400 to $1 to 1166 to $1 by sound montary policy under Shabibi. And since 2015 the dinar devalued to 1190 to $1 as a result of IMF intervention. This is the true dinar rate. There is no RV or RI. If the dinar is ever going to continue to appreciate it will be based on sound monetary and economic principles. This can only occur if Iraq opens it's banking and financial system and creates a private sector in which foreign investment can come into Iraq. Only then the dinar will appreciate in value via a float. ...As I stated, Iraq has much to do before the dinar can rise. Happy New Years to all. Let's hope 2019 is prosperous for all.
1-1-2019 Intel Guru Frank26 IMO...THE MR OF THE IQD IS ENTERING A NEW...PHASE. NO ONE KNOWS THE DATE NOR THE RATE...BUT THAT'S NOT IMPORTANT BECAUSE OF THE EVIDENCE DIRECTLY FROM THE CBI...BOLDLY AND CONFIDENTLY. IMO...THE RI HAS EVOLVED INTO A PHASE THAT WE WAIT FOR TIME TO SHOW YOU...
1-1-2019 Newshound Guru MilitiaMan So, I don't know if they can't come out higher than the AAD or SDR for a fact, I do trust [Guru] Walkingstick, however, I do believe Alak is the one that has the purse strings at that CBI...So, we watch and wait. It very well may be an AAD rate and then climb later on.. Then again, Iraq has told us they doubled their oil reserves and are finally going to impose taxes and tariffs, claw back assets, liquid natural gas sales, minerals, etc.., therefore all would appear to support higher values now than in the past. imo... [post 2 of 2]
1-1-2019 Newshound Guru MilitiaMan ...I have the opinion that "The longer it takes the more money we make." With that said, my assessment ...on what Alak from the CBI has told us in regard to loans...both the bad and good. He pointed out in the interview that the bad loans were worth $5,000,000,00. So...if you take what Alak says, then drop the zeros and do the math. It comes out in the range well over the AAD. Which by the way, to determine the AAD we used the loans they publish, to ascertain the $4.25. Just as we used the IMF / SDR 3x.. Depending on which rate one uses the daily or monthly rate per the IMF SDR, one may find $4.20 + - up to $5.85... imo... [post 1 of 2....stay tuned]
1-1-2019 Newshound Guru Kaperoni ...monetary policy is not some random act. Monetary policy is based on statistical analysis. Iraq is not at an artifical currency rate. ...The rate is the current exchange rate that has already appreciated since the dinar was introduced in 2003 from about 3400 to $1 to 1166 to $1 by sound montary policy under Shabibi. And since 2015 the dinar devalued to 1190 to $1 as a result of IMF intervention. This is the true dinar rate. There is no RV or RI. If the dinar is ever going to continue to appreciate it will be based on sound monetary and economic principles. This can only occur if Iraq opens it's banking and financial system and creates a private sector in which foreign investment can come into Iraq. Only then the dinar will appreciate in value via a float. ...As I stated, Iraq has much to do before the dinar can rise. Happy New Years to all. Let's hope 2019 is prosperous for all.
1-1-2019 Intel Guru Frank26 IMO...THE MR OF THE IQD IS ENTERING A NEW...PHASE. NO ONE KNOWS THE DATE NOR THE RATE...BUT THAT'S NOT IMPORTANT BECAUSE OF THE EVIDENCE DIRECTLY FROM THE CBI...BOLDLY AND CONFIDENTLY. IMO...THE RI HAS EVOLVED INTO A PHASE THAT WE WAIT FOR TIME TO SHOW YOU...
1-1-2019 Newshound Guru MilitiaMan So, I don't know if they can't come out higher than the AAD or SDR for a fact, I do trust [Guru] Walkingstick, however, I do believe Alak is the one that has the purse strings at that CBI...So, we watch and wait. It very well may be an AAD rate and then climb later on.. Then again, Iraq has told us they doubled their oil reserves and are finally going to impose taxes and tariffs, claw back assets, liquid natural gas sales, minerals, etc.., therefore all would appear to support higher values now than in the past. imo... [post 2 of 2]
1-1-2019 Newshound Guru MilitiaMan ...I have the opinion that "The longer it takes the more money we make." With that said, my assessment ...on what Alak from the CBI has told us in regard to loans...both the bad and good. He pointed out in the interview that the bad loans were worth $5,000,000,00. So...if you take what Alak says, then drop the zeros and do the math. It comes out in the range well over the AAD. Which by the way, to determine the AAD we used the loans they publish, to ascertain the $4.25. Just as we used the IMF / SDR 3x.. Depending on which rate one uses the daily or monthly rate per the IMF SDR, one may find $4.20 + - up to $5.85... imo... [post 1 of 2....stay tuned]
12-31-2018 Newshound/Intel Guru Mnt Goat Here comes HCL….Article
quote: "The oil and energy parliamentary committee confirmed its intention TO APPROVE THE OIL AND GAS LAW DURING THE CURRENT PARLIAMENTARY SESSION." Iraq will need HCL and Article 140 to forward with a reinstatement...So it looks like this new govt is in support of getting this done, finally.
12-31-2018 Newshound Guru Sunkissed Article: "The Central Bank allows companies to mediate the sale and purchase of foreign currencies" THIS IS PART OF WHAT WE ARE ALL LOOKING FOR!!! imo. When a company "mediates the sale" -- that 's a fancy way to say that they get to take a percentage of the profit...a broker's fee! They are outright telling you that the IQD will be traded - bought and sold - by big investment brokers. In other words...rather than the auctions done by the CBI -- now you want to EXCHANGE dinar for another currency, like the USD, Rial, Yuan, etc. Go to a brokerage firm that handles that. You don't need to come to the CBI to buy and sell the dinar or any other foreign currency! For me, this is the preamble for stopping the auctions!!
12-31-2018 Newshound Guru MilitiaMan As for a couple other items centering around the taxes and the date of 01/01/19. Who is scheduled to be in DC just before that date? Mahdi...Who told us Monetary Reforms can take up to 5 years time? The IMF. Who told us that as of 01/01/18 that the second set of books were completed for four years? Yep! [Guru] Walkingstick! Well 01/01/2019 is the fifth year... Now that may all be circumstantial to you all, but, it sure isn’t to me... in fact the evidence suggests this year will be taken care of possibly as soon as tomorrow night [Monday] 11:59:59!! One more thing, the source that brought me the forex traders, brought me that the high level traders expect the iqd should go live 01/02/2019 or 01/03/2019 per holiday trading time lines.. [post 2 of 2]
12-31-2018 Newshound Guru MilitiaMan They want the taxes and tariffs and big time...They will get a slice of that pie... ...simple math shows us that they (Alak) have given forward guidance as to where they are headed if not right out the gate. A program rate at .00083 is simply not what the Fab 4 are looking to get a % of...It will be based on a new international and very supported true value of imo over $6.00 (at least per the math based on Alak loan value he gave of $5,000,000.00 in an interview). Those taxes and tariffs will raise the value of their currency. The formula to calculate REER and NEER is done, just yet to be applied. One thing I have said in the past is, “The longer they take, the more money we make.”...what I mean by that Is the rate has been growing if in fact the new source (unsolicited) is right. Regardless what we will get will be a benefit for us all. [post 1 of 2....stay tuned]
quote: "The oil and energy parliamentary committee confirmed its intention TO APPROVE THE OIL AND GAS LAW DURING THE CURRENT PARLIAMENTARY SESSION." Iraq will need HCL and Article 140 to forward with a reinstatement...So it looks like this new govt is in support of getting this done, finally.
12-31-2018 Newshound Guru Sunkissed Article: "The Central Bank allows companies to mediate the sale and purchase of foreign currencies" THIS IS PART OF WHAT WE ARE ALL LOOKING FOR!!! imo. When a company "mediates the sale" -- that 's a fancy way to say that they get to take a percentage of the profit...a broker's fee! They are outright telling you that the IQD will be traded - bought and sold - by big investment brokers. In other words...rather than the auctions done by the CBI -- now you want to EXCHANGE dinar for another currency, like the USD, Rial, Yuan, etc. Go to a brokerage firm that handles that. You don't need to come to the CBI to buy and sell the dinar or any other foreign currency! For me, this is the preamble for stopping the auctions!!
12-31-2018 Newshound Guru MilitiaMan As for a couple other items centering around the taxes and the date of 01/01/19. Who is scheduled to be in DC just before that date? Mahdi...Who told us Monetary Reforms can take up to 5 years time? The IMF. Who told us that as of 01/01/18 that the second set of books were completed for four years? Yep! [Guru] Walkingstick! Well 01/01/2019 is the fifth year... Now that may all be circumstantial to you all, but, it sure isn’t to me... in fact the evidence suggests this year will be taken care of possibly as soon as tomorrow night [Monday] 11:59:59!! One more thing, the source that brought me the forex traders, brought me that the high level traders expect the iqd should go live 01/02/2019 or 01/03/2019 per holiday trading time lines.. [post 2 of 2]
12-31-2018 Newshound Guru MilitiaMan They want the taxes and tariffs and big time...They will get a slice of that pie... ...simple math shows us that they (Alak) have given forward guidance as to where they are headed if not right out the gate. A program rate at .00083 is simply not what the Fab 4 are looking to get a % of...It will be based on a new international and very supported true value of imo over $6.00 (at least per the math based on Alak loan value he gave of $5,000,000.00 in an interview). Those taxes and tariffs will raise the value of their currency. The formula to calculate REER and NEER is done, just yet to be applied. One thing I have said in the past is, “The longer they take, the more money we make.”...what I mean by that Is the rate has been growing if in fact the new source (unsolicited) is right. Regardless what we will get will be a benefit for us all. [post 1 of 2....stay tuned]
12-30-2018 Newshound/Intel Guru Mnt Goat ...Just so everyone knows that there was NO violation of sovereignty since the Iraqi government did know about the visit. There was no meeting with Iraqi officials due to the timing of the meeting and still the uncertain security situation. The renewed “US-Iraqi Status of Forces Agreement” (SOFA) is still in force and legally allows US forces to travel to Iraqi bases. This was renewed in order for the US to come into Iraq and help fight ISIS. Remember?
12-30-2018 Newshound/Intel Guru Mnt Goat ...Folks there is just too much coincidences happening and too many parallels with Iraq and the USA. You really have to settle down and quiet your mind and just think about it all rationally. We are in a HUGE transition period. We have the power to bring it sooner than later. We can make this happen...
12-30-2018 Newshound/Intel Guru Mnt Goat ...Folks there is just too much coincidences happening and too many parallels with Iraq and the USA. You really have to settle down and quiet your mind and just think about it all rationally. We are in a HUGE transition period. We have the power to bring it sooner than later. We can make this happen...
12-29-2018 Intel Guru RVAlready “We are close but we still have a large group in Iraq that doesn't want this. That's our problem” I do not think Iraq has a large anti-RV group. Perhaps more a few powerful guys with vested interests, and a few that hate the west…. I think the general populace favors the RV…… There is, undoubtably, a group of hard core, anti-western thinkers, some aligned with Iran, some not, that do not want an RV…I prefer to concentrate on receiving the blessing, and going from there…
12-29-2018 Intel Guru RVAlready “I really think that this new government is the key and that's why iraq is having so much trouble getting it finalized because they are fighting against Iranian influence.” The RV will help so many people. It is a shame to see it held up. BTW, it will also benefit Iran, so I do not see that as a reason for a hold….. We already congratulated Iraq on having the government done. And the 3 presidents could always take the last 3 posts…Yes, their [Iran’s] government hates the west. But I do not think that is the hold. I think Jan 1 is the plan date. I do not think the CBI is holding it back. Everything I have seen says CBI wants this done.
12-29-2018 Newshound Guru MilitiaMan My view is Mahdi is in DC now... Article quote: “He’s [President Trump] staying in Washington, D.C., over New Year’s. He’s canceled his plans for Christmas. Now, he’s canceled his plans for New Year’s,” That is a good find. It supports Mahdi and Trump, have business to tie up... imo...I see no cancellation of their meeting.. imo.
12-29-2018 Newshound/Intel Guru Mnt Goat I told everyone there are still two remaining laws to be passed to fulfill the constitutional requirements. I was told many years ago without a full implementation of the constitution there will be no reinstatement of the dinar...So...we see the HCL this week and last week Iraq talked about the Article 140 requirement. Why is this? ...the GOI has to do its part and make sure the proper bills go before parliament and parliament passes them...Or no reinstatement. So all this news about passing HCL and Article 140 suddenly shows each time we get close to any reinstatement.
12-29-2018 Newshound/Intel Guru RVAlready No reason to be pessimistic about the RV at this point…..We just have no new data. There was no positive data before the Kuwait change either.
12-29-2018 Intel Guru ADMINBILL I DO NOT BELIEVE 2018 IS IN OUR CARDS SO I AM FOCUSING ON 2019. THERE APPEAR TO BE MANY THINGS COMING TO A MEETING POINT VERY SOON.
12-29-2018 Intel Guru RVAlready “I really think that this new government is the key and that's why iraq is having so much trouble getting it finalized because they are fighting against Iranian influence.” The RV will help so many people. It is a shame to see it held up. BTW, it will also benefit Iran, so I do not see that as a reason for a hold….. We already congratulated Iraq on having the government done. And the 3 presidents could always take the last 3 posts…Yes, their [Iran’s] government hates the west. But I do not think that is the hold. I think Jan 1 is the plan date. I do not think the CBI is holding it back. Everything I have seen says CBI wants this done.
12-29-2018 Newshound Guru MilitiaMan My view is Mahdi is in DC now... Article quote: “He’s [President Trump] staying in Washington, D.C., over New Year’s. He’s canceled his plans for Christmas. Now, he’s canceled his plans for New Year’s,” That is a good find. It supports Mahdi and Trump, have business to tie up... imo...I see no cancellation of their meeting.. imo.
12-29-2018 Newshound/Intel Guru Mnt Goat I told everyone there are still two remaining laws to be passed to fulfill the constitutional requirements. I was told many years ago without a full implementation of the constitution there will be no reinstatement of the dinar...So...we see the HCL this week and last week Iraq talked about the Article 140 requirement. Why is this? ...the GOI has to do its part and make sure the proper bills go before parliament and parliament passes them...Or no reinstatement. So all this news about passing HCL and Article 140 suddenly shows each time we get close to any reinstatement.
12-29-2018 Newshound/Intel Guru RVAlready No reason to be pessimistic about the RV at this point…..We just have no new data. There was no positive data before the Kuwait change either.
12-29-2018 Intel Guru ADMINBILL I DO NOT BELIEVE 2018 IS IN OUR CARDS SO I AM FOCUSING ON 2019. THERE APPEAR TO BE MANY THINGS COMING TO A MEETING POINT VERY SOON.
12-28-2018 Newshound/Intel Guru Mnt Goat I am hopeful that 2019 will finally be our year. Right now, it is surely shaping up that way. I can’t predict if the reinstatement will happen right at the first week in January but I will say it is very close as we see many signs. Yes, the CBI is still targeting sometime in January as this is the BEST time to do the reinstatement (but not the ONLY time they can do it).
12-28-2018 Newshound/Intel Guru Arthur There is a direct correlation as to why we have never seen an implemented HCL and we have not seen the deletion of the zeros. IMO the HCL was always designed to be distributed in revaluated IQD. There is question as to whether the RV needs the HCL or the HCL needs the RV but either way they go hand in hand and need each other. The timing of this article is by no means coincidental. Nor was the "secret" visit of the POTUS to Iraq. The beginning of the 1st quarter of 2019 is looking very promising indeed. [post 2 of 2]
12-28-2018 Newshound/Intel Guru Arthur GOI + HCL= RV. GOI wise... its gonna require the voting in of the 3 remaining important ministers or the PM temporarily absorbing these ministries by proxy. As for the HCL "Parliamentary intention to pass the law «oil and gas." A member of the oil and energy parliamentary committee on the reform and reconstruction movement, Ali Aboudi, the determination of his committee to approve the law of oil and gas, during the current parliamentary session." He went on to state the importance of passing this law now and that they need to "join the process of distributing the oil wealth to the people." [post 1 of 2....stay tuned]
12-28-2018 Intel Guru Bruce ...We understand that everything went very well at the celebration for Iraq. I believe they have done everything we, the US and the UN, and the IMF have requested of them to do. I know that there is a group of delegates coming from Iraq to the United States here in a matter of days...Why in the world would they be coming over here? Is there something to announce. Is there something else we are going to acknowledge about Iraq? ... I heard that the rates are pretty much on the screens except we have pending notification by dinar...So when everything solidifies the pending will go away and those rates will be solid and live...We didn’t have the Christmas we thought we would have, but will we have a New Year’s celebration like we have never had before? I think that is very possible. [post 2 of 2]
12-28-2018 Intel Guru Bruce ...we were given some information... that pointed to before the end of the year. I am going to say that information I have is still valid...First of all you know President Trump made a surprise trip to Christmas Day...Yes, he did greet the troops that were there and...In addition to that his main reason for going, even though that was very important, certainly very important part of it, was to congratulate Mahdi on putting their new Parliamentary form of Government together. So he meant [met ?] not only with Mahdi, Abadi, A-lak from CBI, Barzani, and etc. He meant [met ?] with them to congratulate them and celebrate with them...We know that because we had people there for that celebration...My understanding is that he said some things relative to having a monetary reform this week and that it would be good for us. [post 1 of 2....stay tuned]
12-28-2018 Newshound/Intel Guru Arthur There is a direct correlation as to why we have never seen an implemented HCL and we have not seen the deletion of the zeros. IMO the HCL was always designed to be distributed in revaluated IQD. There is question as to whether the RV needs the HCL or the HCL needs the RV but either way they go hand in hand and need each other. The timing of this article is by no means coincidental. Nor was the "secret" visit of the POTUS to Iraq. The beginning of the 1st quarter of 2019 is looking very promising indeed. [post 2 of 2]
12-28-2018 Newshound/Intel Guru Arthur GOI + HCL= RV. GOI wise... its gonna require the voting in of the 3 remaining important ministers or the PM temporarily absorbing these ministries by proxy. As for the HCL "Parliamentary intention to pass the law «oil and gas." A member of the oil and energy parliamentary committee on the reform and reconstruction movement, Ali Aboudi, the determination of his committee to approve the law of oil and gas, during the current parliamentary session." He went on to state the importance of passing this law now and that they need to "join the process of distributing the oil wealth to the people." [post 1 of 2....stay tuned]
12-28-2018 Intel Guru Bruce ...We understand that everything went very well at the celebration for Iraq. I believe they have done everything we, the US and the UN, and the IMF have requested of them to do. I know that there is a group of delegates coming from Iraq to the United States here in a matter of days...Why in the world would they be coming over here? Is there something to announce. Is there something else we are going to acknowledge about Iraq? ... I heard that the rates are pretty much on the screens except we have pending notification by dinar...So when everything solidifies the pending will go away and those rates will be solid and live...We didn’t have the Christmas we thought we would have, but will we have a New Year’s celebration like we have never had before? I think that is very possible. [post 2 of 2]
12-28-2018 Intel Guru Bruce ...we were given some information... that pointed to before the end of the year. I am going to say that information I have is still valid...First of all you know President Trump made a surprise trip to Christmas Day...Yes, he did greet the troops that were there and...In addition to that his main reason for going, even though that was very important, certainly very important part of it, was to congratulate Mahdi on putting their new Parliamentary form of Government together. So he meant [met ?] not only with Mahdi, Abadi, A-lak from CBI, Barzani, and etc. He meant [met ?] with them to congratulate them and celebrate with them...We know that because we had people there for that celebration...My understanding is that he said some things relative to having a monetary reform this week and that it would be good for us. [post 1 of 2....stay tuned]
12-27-2018 *** Dinar Guru News Flash *** U.S. President Donald Trump made a surprise visit to the troops in Iraq on Christmas evening. It's reported he assured Iraq there are no plans for the U.S. to end operations or support in the region. Stay tuned as the gurus chime in on the significance of the President Trump's visit. The latest posts will continue below...
12-27-2018 Newshound/Intel Guru RVAlready ...I feel we are headed for the RV. The 2019 Iraq budget is written in post-RV numbers (billions, not trillions, of dinar). Iraq needs this RV to move forward. The CBI is clearly planning to get this done. To me, everything else is just noise.
12-27-2018 Newshound Guru Kaperoni Quote from John Bolton, Assistant to the President for National Security Affairs: "In Iraq, President Trump spoke w/ US military leaders about the progress to secure total victory against ISIS. He also spoke w/ Iraqi Prime Minister Adil Abdul-Mahdi, and invited him to visit the White House. We look forward to hosting him DC."
12-27-2018 Newshound/Intel Guru Mnt Goat "PRESIDENT TRUMP MAKES CHRISTMAS VISIT TO TROOPS IN IRAQ" So this really happened. It has NOTHING to do with the reinstatement of the currency...However, it a sign to us that the country is getting safer. But a “state” visit was NOT the purpose of this trip for Trump. He promised to return when the government is “fully” formed. Wow! This simply a visit to the armed forces base in Anbar...the visit was not actually surprising to the Iraq government but was asked to be kept quiet. Trump did say he fully intended someday soon to return for an “official state visit” but only when Iraq was ready.
12-27-2018 Intel Guru ADMINBILL Keep your eye on the ball during the coming week and into 2019...Remember, this is a process...Truth will soon prevail...We win.
12-27-2018 Newshound/Intel Guru tman23 Damn interesting that Secretary Treasurer Steve Munchin shook the markets after it leaked that he called banks to check if they had enough liquidity...WELL DO THEY?? AND WHAT IS ABOUT TO COME? It is getting close to the New Year when Iraq MUST do the ZEROS...we shall see what that entails as this is also the year for USA infrastructre rebuild to kickoff...Like what i'm seeing...hopefully the dinar bares fruit shortly!
12-27-2018 Newshound Guru Kaperoni Quote from John Bolton, Assistant to the President for National Security Affairs: "In Iraq, President Trump spoke w/ US military leaders about the progress to secure total victory against ISIS. He also spoke w/ Iraqi Prime Minister Adil Abdul-Mahdi, and invited him to visit the White House. We look forward to hosting him DC."
12-27-2018 Newshound/Intel Guru Mnt Goat "PRESIDENT TRUMP MAKES CHRISTMAS VISIT TO TROOPS IN IRAQ" So this really happened. It has NOTHING to do with the reinstatement of the currency...However, it a sign to us that the country is getting safer. But a “state” visit was NOT the purpose of this trip for Trump. He promised to return when the government is “fully” formed. Wow! This simply a visit to the armed forces base in Anbar...the visit was not actually surprising to the Iraq government but was asked to be kept quiet. Trump did say he fully intended someday soon to return for an “official state visit” but only when Iraq was ready.
12-27-2018 Intel Guru ADMINBILL Keep your eye on the ball during the coming week and into 2019...Remember, this is a process...Truth will soon prevail...We win.
12-27-2018 Newshound/Intel Guru tman23 Damn interesting that Secretary Treasurer Steve Munchin shook the markets after it leaked that he called banks to check if they had enough liquidity...WELL DO THEY?? AND WHAT IS ABOUT TO COME? It is getting close to the New Year when Iraq MUST do the ZEROS...we shall see what that entails as this is also the year for USA infrastructre rebuild to kickoff...Like what i'm seeing...hopefully the dinar bares fruit shortly!
12-26-2018 *** Dinar Guru News Update *** Two ministers positions have been voted on and seated. Only 6 seats remain open...these include the Interior, Justice and Defense Ministries. The latest guru posts will continue below...
12-26-2018 Newshound/Intel Guru Mnt Goat Article: "THE PARLIAMENTARY ECONOMY REVEALS EFFORTS TO AMEND THE INVESTMENT LAW TO INCREASE OPPORTUNITIES" Folks this is a BIG one. This law needed to be amended to facilitate foreign investors into Iraq. This was noted in the Kuwaiti conference and so finally we see it amended almost a year later. They sure do take their time…lol...We know for a FACT that the reinstatement of the dinar is supposed to be the launching pin of the 2018-2022 reconstruction effort. Article quote: “and to raise the market value of the Iraqi dinar”
12-26-2018 Newshound Guru Kaperoni Article quote: "President Trump and the First Lady traveled to Iraq late on Christmas night to visit with our troops and Senior Military leadership to thank them for their service, their success, and their sacrifice and to wish them a Merry Christmas." Trump makes a surprise visit to Iraq.
12-26-2018 Newshound Guru chattels Article: "Iraqi blocs resume their dialogues for "consensus" on the remaining three ministries of the government" Quote: " ...the remaining three ministries: the defense, the interior and justice, waiting to vote in future sessions. "
12-26-2018 Newshound/Intel Guru Mnt Goat HERE COMES ARTICLE 140, JUST IN TIME? Quote: "The President of the House of Representatives, Mohamed Halbusi, the request to host the Implementation Committee Article (140) of the Constitution to discuss the reasons for not completing the work that was formed for it." So here it is again. Folks this is not my FAKE news. This is real and finally it seems that going to implement Article 140 or pursue it again. Many say it is already done. NOT true. Like I keep telling everyone there needs to be a formal referendum (that is already written and send to parliament) then it needs to be voted on and implemented. Then it is done.[See the Dinar Guru Resource Bar on the left of this page for the full "possible list of to-do's" list.]
12-26-2018 Newshound Guru Kaperoni Article quote: "President Trump and the First Lady traveled to Iraq late on Christmas night to visit with our troops and Senior Military leadership to thank them for their service, their success, and their sacrifice and to wish them a Merry Christmas." Trump makes a surprise visit to Iraq.
12-26-2018 Newshound Guru chattels Article: "Iraqi blocs resume their dialogues for "consensus" on the remaining three ministries of the government" Quote: " ...the remaining three ministries: the defense, the interior and justice, waiting to vote in future sessions. "
12-26-2018 Newshound/Intel Guru Mnt Goat HERE COMES ARTICLE 140, JUST IN TIME? Quote: "The President of the House of Representatives, Mohamed Halbusi, the request to host the Implementation Committee Article (140) of the Constitution to discuss the reasons for not completing the work that was formed for it." So here it is again. Folks this is not my FAKE news. This is real and finally it seems that going to implement Article 140 or pursue it again. Many say it is already done. NOT true. Like I keep telling everyone there needs to be a formal referendum (that is already written and send to parliament) then it needs to be voted on and implemented. Then it is done.[See the Dinar Guru Resource Bar on the left of this page for the full "possible list of to-do's" list.]
12-25-2018 Newshound Guru MilitiaMan Article: "Kurdish parties announce two agreements on Kirkuk" Well this sounds to me like they have things hammered out, as they have an official book out in circulation on the matter of Article 140. They apparently are getting their share of what is entitled to them. In other words they are getting paid here soon and or now... If that is what this is saying, it is a very good sign and the timing is absolutely perfect to end they 2018 year and usher in the new into 2019.. We all expect to see the new currency (small categories) with the Kurds language on it too. Time will tell. imo.
12-25-2018 Newshound/Intel Guru Mnt Goat Article: "SAUDI ARABIA KEEPS THE EXCHANGE RATE PEGGED AT 3.75 RIYALS TO THE DOLLAR" Quote: "Saudi Arabia keeps the exchange rate pegged at 3.75 Riyals to the dollar." The question is this - Can Iraq sustain an 8th of a penny per dinar and think that it can easily trade with neighboring countries in an open market? How about incoming investors? How will they get their profits out of Iraq? Will they have to convert their profits in dinars to the US dollars first in the CBI currency auction? Oh – but maybe this is what Washington wants since it will create a demand for US Dollars and help stabilize the rate of the US dollar? Just asking. Could this also be part of the holdup in reinstating the dinar back to international status?
12-25-2018 Newshound Guru Breitling Every once in a while I’ll get an email that says, “Hey, what are your sources saying in Iraq.” I don’t have “sources” anywhere. There’s nobody in Iraq that can explain geopolitics and how this works or how currency works or anything like that. They don’t have a damn clue. The people I talk to actually they have access to people in the parliament…what I do is try to get at is, what are they talking about…then I can gauge what they are thinking. That’s all it is. I don’t have “insider” information. I don’t need it and neither should you. That’s the whole point of me trying to talk and frame this up the way it is, the reality of it based on geopolitics…you should be very very happy right now…I know this stuff takes a long time…it was never meant to be a “get quick rich scheme”…that’s the hype that I hate. Hype is out of the window…Reality. Geopolitics. Markets. That’s it. You should be very very happy.
12-25-2018 Intel/Newshound Guru sandyf [...currencies fluctuate that is a fact!] It is not a fact. Only currencies on a floating exchange arrangement move on a continuous basis in line with foreign exchange activity, known as appreciation/depreciation. Currencies on a fixed exchange arrangement are exactly that, "fixed" by the country concerned, they do not fluctuate. If a significant difference develops between the foreign exchange market and the fixed rate, the central bank may intervene to remove the differential. This used to be common in Vietnam, they had many devaluations over a short period of time. Fixed exchange currencies are revalued/devalued. Only about a third of the world's currencies are on a floating exchange arrangement.
12-25-2018 Newshound/Intel Guru Mnt Goat Article: "SAUDI ARABIA KEEPS THE EXCHANGE RATE PEGGED AT 3.75 RIYALS TO THE DOLLAR" Quote: "Saudi Arabia keeps the exchange rate pegged at 3.75 Riyals to the dollar." The question is this - Can Iraq sustain an 8th of a penny per dinar and think that it can easily trade with neighboring countries in an open market? How about incoming investors? How will they get their profits out of Iraq? Will they have to convert their profits in dinars to the US dollars first in the CBI currency auction? Oh – but maybe this is what Washington wants since it will create a demand for US Dollars and help stabilize the rate of the US dollar? Just asking. Could this also be part of the holdup in reinstating the dinar back to international status?
12-25-2018 Newshound Guru Breitling Every once in a while I’ll get an email that says, “Hey, what are your sources saying in Iraq.” I don’t have “sources” anywhere. There’s nobody in Iraq that can explain geopolitics and how this works or how currency works or anything like that. They don’t have a damn clue. The people I talk to actually they have access to people in the parliament…what I do is try to get at is, what are they talking about…then I can gauge what they are thinking. That’s all it is. I don’t have “insider” information. I don’t need it and neither should you. That’s the whole point of me trying to talk and frame this up the way it is, the reality of it based on geopolitics…you should be very very happy right now…I know this stuff takes a long time…it was never meant to be a “get quick rich scheme”…that’s the hype that I hate. Hype is out of the window…Reality. Geopolitics. Markets. That’s it. You should be very very happy.
12-25-2018 Intel/Newshound Guru sandyf [...currencies fluctuate that is a fact!] It is not a fact. Only currencies on a floating exchange arrangement move on a continuous basis in line with foreign exchange activity, known as appreciation/depreciation. Currencies on a fixed exchange arrangement are exactly that, "fixed" by the country concerned, they do not fluctuate. If a significant difference develops between the foreign exchange market and the fixed rate, the central bank may intervene to remove the differential. This used to be common in Vietnam, they had many devaluations over a short period of time. Fixed exchange currencies are revalued/devalued. Only about a third of the world's currencies are on a floating exchange arrangement.
12-24-2018 Intel Guru RayRen98 Iraqi TV is broadcasting a member from Parliament stating that Iraq has entered a "new phase" of stability and security. The Budget has been finalized with the second reading. The 5 remaining cabinet members have not been concluded...yet.
12-24-2018 Newshound Guru Breitling They [Iraq] need to do two things with the oil prices going down. They need business and international investments coming into Iraq. Well they’ve set that stage up for the last five or six years…and they haven’t stopped. They’re still trying to do it today…the other part is if they are not making money selling energy…what currency are they using to make money off that energy? The U.S. dollar. If they are not bring in any U.S. dollars that cuts them off at the knees right? They need to add value to their currency. That’s exactly what they’re talking about. [Post 2 of 2]
12-24-2018 Newshound Guru Breitling Everyone knows I don’t do date and rate but people [ask] what’s the season [approximate time]? The reason people are asking me that…the reason that question has been so heavy lately is because you start looking at the price per barrel. It’s getting into that range where it’s a threat to Iraq. That means you guys are paying attention! That makes me so happy…These guys are getting to the breaking point. Bingo…Thank God for us that we’ve invested in a currency that is Iraq’s weapon. That is their savior to add value to their currency. But it’s a two pronged attack for Iraq. [Post 1 of 2]
12-24-2018 Intel Guru Jester MAYBE I SHOULD TELL YOU ABOUT THE WINDOW WE SEE COMING UP JUST AFTER CHRISTMAS...SEEMS LIKE THE COMMENT WAS MADE TO PEOPLE IN THE KNOW THAT 'DOESN'T LOOK LIKE WE WILL GET ANYTHING BY THE END OF 2018'...ANYWAY... THE ANSWER WAS "I NEVER SAID THAT"... SO THAT SURE MAKES YOU THINK...BUT WE SEEM TO HAVE AN ACTIVE WINDOW BETWEEN DEC 27TH AND JAN 11TH... SO WE WILL HAVE TO SEE HOW IT GOES...
12-24-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQ AND IRAN ARE ENGAGED IN NEGOTIATIONS TO SET UP CREDIT ARRANGEMENTS FOR TRADE IN THEIR NATIONAL CURRENCIES" ...so this article proves once again that they Iraq dinar is NOT yet being used for trade with Iran replacing the US dollar. They are hoping they can do this but we all should know they CAN NOT without the reinstatement taking place and the dinar going international. This must come first. But this is yet another item to put pressure on the CBI to get it done.
12-24-2018 Newshound Guru Breitling They [Iraq] need to do two things with the oil prices going down. They need business and international investments coming into Iraq. Well they’ve set that stage up for the last five or six years…and they haven’t stopped. They’re still trying to do it today…the other part is if they are not making money selling energy…what currency are they using to make money off that energy? The U.S. dollar. If they are not bring in any U.S. dollars that cuts them off at the knees right? They need to add value to their currency. That’s exactly what they’re talking about. [Post 2 of 2]
12-24-2018 Newshound Guru Breitling Everyone knows I don’t do date and rate but people [ask] what’s the season [approximate time]? The reason people are asking me that…the reason that question has been so heavy lately is because you start looking at the price per barrel. It’s getting into that range where it’s a threat to Iraq. That means you guys are paying attention! That makes me so happy…These guys are getting to the breaking point. Bingo…Thank God for us that we’ve invested in a currency that is Iraq’s weapon. That is their savior to add value to their currency. But it’s a two pronged attack for Iraq. [Post 1 of 2]
12-24-2018 Intel Guru Jester MAYBE I SHOULD TELL YOU ABOUT THE WINDOW WE SEE COMING UP JUST AFTER CHRISTMAS...SEEMS LIKE THE COMMENT WAS MADE TO PEOPLE IN THE KNOW THAT 'DOESN'T LOOK LIKE WE WILL GET ANYTHING BY THE END OF 2018'...ANYWAY... THE ANSWER WAS "I NEVER SAID THAT"... SO THAT SURE MAKES YOU THINK...BUT WE SEEM TO HAVE AN ACTIVE WINDOW BETWEEN DEC 27TH AND JAN 11TH... SO WE WILL HAVE TO SEE HOW IT GOES...
12-24-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQ AND IRAN ARE ENGAGED IN NEGOTIATIONS TO SET UP CREDIT ARRANGEMENTS FOR TRADE IN THEIR NATIONAL CURRENCIES" ...so this article proves once again that they Iraq dinar is NOT yet being used for trade with Iran replacing the US dollar. They are hoping they can do this but we all should know they CAN NOT without the reinstatement taking place and the dinar going international. This must come first. But this is yet another item to put pressure on the CBI to get it done.
12-23-2018 Intel Guru RayRen98 PARLIAMENT MEETS ON SUNDAY (SUPPOSEDLY) TO VOTE ON THE REMAINING 5 CABINET MEMBERS, SAYING THEY WANT IT ALL DONE BY YEAR'S END.
12-23-2018 Newshound Guru chattels Article quote: "Oil prices will fall to $""30 so the price of oil in the budget should be changed next year" I think that Iraq needs around $ 40 per barrel just to pay government salaries.
12-23-2018 Newshound Guru Walkingstick A redenomination is not introduced for inflationary/ hyper-inflation reason/ s, only... A factor, that certainly ...does not, apply to Iraq. The redenomination may also be employed for decimalisation and the adoption of a new currency...The latter, applying to Iraq...Nor, is the introduction/ adoption of a RD restricted to a new fiscal year... It may, and has been employed ...year ending, mid year and the beginning of a new year...One of, many factors...a country, may opt for... when employing this process... Keep in mind....the reason/s for adopting a RD, the manner in which it is employed, may differ ...
12-23-2018 Newshound Guru Kaperoni There will never be a re-instatment. A currencies appreciation depends on a countries economic success. Nothing happens overnight. ...Nothing is going to happen for a while yet. Iraq has much to do and still must complete the government.
12-23-2018 Newshound/Intel Guru Mnt Goat Article: "THE FIRST IRAQI BANK TO RECEIVE AN INTERNATIONALLY RECOGNIZED CREDIT RATING" Quote: "The credit rating agency Fitch announced on Wednesday that the Iraqi Trade Bank with B-degree with a stable outlook." ...the Iraq Bank of Trade is the largest bank in Iraq and was set up in 2003 specifically for conducting trade with neighboring countries. But this has not always been the case. But now things are beginning to see the light and moving ahead as planned almost a decade ago. This new status is really good news. Everyone should be VERY happy today. This news however does NOT mean the currency is now international.
12-23-2018 Newshound Guru chattels Article quote: "Oil prices will fall to $""30 so the price of oil in the budget should be changed next year" I think that Iraq needs around $ 40 per barrel just to pay government salaries.
12-23-2018 Newshound Guru Walkingstick A redenomination is not introduced for inflationary/ hyper-inflation reason/ s, only... A factor, that certainly ...does not, apply to Iraq. The redenomination may also be employed for decimalisation and the adoption of a new currency...The latter, applying to Iraq...Nor, is the introduction/ adoption of a RD restricted to a new fiscal year... It may, and has been employed ...year ending, mid year and the beginning of a new year...One of, many factors...a country, may opt for... when employing this process... Keep in mind....the reason/s for adopting a RD, the manner in which it is employed, may differ ...
12-23-2018 Newshound Guru Kaperoni There will never be a re-instatment. A currencies appreciation depends on a countries economic success. Nothing happens overnight. ...Nothing is going to happen for a while yet. Iraq has much to do and still must complete the government.
12-23-2018 Newshound/Intel Guru Mnt Goat Article: "THE FIRST IRAQI BANK TO RECEIVE AN INTERNATIONALLY RECOGNIZED CREDIT RATING" Quote: "The credit rating agency Fitch announced on Wednesday that the Iraqi Trade Bank with B-degree with a stable outlook." ...the Iraq Bank of Trade is the largest bank in Iraq and was set up in 2003 specifically for conducting trade with neighboring countries. But this has not always been the case. But now things are beginning to see the light and moving ahead as planned almost a decade ago. This new status is really good news. Everyone should be VERY happy today. This news however does NOT mean the currency is now international.
12-22-2018 Newshound/Intel Guru Mnt Goat Iraq is slotted to be a “central hub” of commerce for the Middle East. But a dinar rate of just 1/8 of a penny is not sufficient to make this happen!
12-22-2018 Newshound/Intel RVAlready [Finding it a little hard to believe that everything is done, since they keep stalling.] ...hate to say it, but I think the target has been 1 Jan 2019 for quite a while. They just kick the can from one target date to another. This time, everything actually looks ready to go.
12-22-2018 Newshound Guru Kaperoni ...There will never be a re-instatment. A currencies appreciation depends on a countries economic success. Nothing happens overnight. Nothing is happening through the end of the year... Iraq has much yet to do before they can begin to float the dinar.
12-22-2018 Newshound/Intel Guru RVAlready The RV seems poised to go. I think it is a high priority item for Iraq at this point. They have invested a lot of time doing all the preparatory steps. I do not think they will put it on the back burner at this point.
12-22-2018 Intel Guru RayRen98 The vote on the 5 remaining cabinet members is supposed to take place on Saturday. These are reported as new names for consideration. It appears that the citizens are not happy with these new candidates...Time Will Tell. On Iraqi TV, requests for Mahdi to show the economic reform were sporadically broadcast.
12-22-2018 Newshound/Intel RVAlready [Finding it a little hard to believe that everything is done, since they keep stalling.] ...hate to say it, but I think the target has been 1 Jan 2019 for quite a while. They just kick the can from one target date to another. This time, everything actually looks ready to go.
12-22-2018 Newshound Guru Kaperoni ...There will never be a re-instatment. A currencies appreciation depends on a countries economic success. Nothing happens overnight. Nothing is happening through the end of the year... Iraq has much yet to do before they can begin to float the dinar.
12-22-2018 Newshound/Intel Guru RVAlready The RV seems poised to go. I think it is a high priority item for Iraq at this point. They have invested a lot of time doing all the preparatory steps. I do not think they will put it on the back burner at this point.
12-22-2018 Intel Guru RayRen98 The vote on the 5 remaining cabinet members is supposed to take place on Saturday. These are reported as new names for consideration. It appears that the citizens are not happy with these new candidates...Time Will Tell. On Iraqi TV, requests for Mahdi to show the economic reform were sporadically broadcast.
12-21-2018 Newshound Guru Adam Montana [What’s up with the GOI formation? Will it happen? In your opinion, do you think this is coming closer to an RV?] GOI formation is proceeding very good IMO. Everyone should keep in mind that Iraq will never have a fully seated government with absolutely 0 contested seats. We are talking about a society that operates very different than anywhere outside the Middle East. 80% good is about as good as it will ever get, and we are pretty much there.
12-21-2018 Intel Guru ADMINBILL WE SEEM TO BE IN A STATE OF FLUX AS FAR AS THE CURRENCY MOVEMENT IS TODAY. WE SHALL SEE. I TEND TO BELIEVE THAT THE PROCESS HAS SLOWED BUT IS STILL WINDING ITS WAY TOWARDS A CONCLUSION. I ANTICIPATE A CONCLUSION FOR THE MAJOR "TIERS" BEFORE THE END OF THE YEAR WITH THE PUBLIC LAUNCH IN JANUARY.
12-21-2018 Newshound/Intel Guru Mnt Goat We are just waiting for the next step. I know they have a target for EARLY 2019 to reinstate the currency...We almost witnessed this reinstatement last January and if it was not for some factors that occurred back then we would not be here today again at this time...I am telling everyone now...the flood gates are about to open. It is all going to come real fast and with a great change to Iraq. With this flood will bring what we want- finally! Be patient and hang in there, it is coming. It may be very quiet now but not for very long.
12-21-2018 Intel Guru Bruce We know that the timing of this is designed. I am pointed toward before Christmas...That is the information I am getting. I am not getting for us that is pointing to after the first of the year or after Christmas. I have heard this is intended to go by or before Saturday...Intention of this White House of our President Trump is to let us have this for us before Christmas. ...I am encouraged by the fact that we are there. We have a rough time frame that we think is still intact. [post 2 of 2]
12-21-2018 Intel Guru Bruce We do not normally do rates, but I will tell you this...the dong has been going up in value. The dong was in just under the $5 range today. Just under $5 on the front screen. I can’t tell you where the dinar is on the front screen right now, because I do not know that number. ...We have been told that the rates for these currencies should be updated and new by this afternoon [Thursday]. ...That is usually a good sign of things happening on the Forex, on the World Markets. ...I know that was the intention. [post 1 of 2....stay tuned]
12-21-2018 Newshound Guru Adam Montana [I've been remembering back to Iraq being removed from Chapter 7 (UN) and some of the process involved....How does current GOI environment compare and what is similar / different getting HCL in place?] I think the main difference would be the players involved - Chapter 7 was an outside decision. They were at the mercy of the UN(etc) on that one. HCL is not that way - this is an internal decision. The HCL is done when Iraq says it is done, and no outside influences can stop them.
12-21-2018 Newshound/Intel Guru Walkingstick The timing/ change of the exchange rate, of.. any country... is not, dictated ..by, the date/s listed on the UN operational rate/s of exchange..
12-21-2018 Intel Guru ADMINBILL WE SEEM TO BE IN A STATE OF FLUX AS FAR AS THE CURRENCY MOVEMENT IS TODAY. WE SHALL SEE. I TEND TO BELIEVE THAT THE PROCESS HAS SLOWED BUT IS STILL WINDING ITS WAY TOWARDS A CONCLUSION. I ANTICIPATE A CONCLUSION FOR THE MAJOR "TIERS" BEFORE THE END OF THE YEAR WITH THE PUBLIC LAUNCH IN JANUARY.
12-21-2018 Newshound/Intel Guru Mnt Goat We are just waiting for the next step. I know they have a target for EARLY 2019 to reinstate the currency...We almost witnessed this reinstatement last January and if it was not for some factors that occurred back then we would not be here today again at this time...I am telling everyone now...the flood gates are about to open. It is all going to come real fast and with a great change to Iraq. With this flood will bring what we want- finally! Be patient and hang in there, it is coming. It may be very quiet now but not for very long.
12-21-2018 Intel Guru Bruce We know that the timing of this is designed. I am pointed toward before Christmas...That is the information I am getting. I am not getting for us that is pointing to after the first of the year or after Christmas. I have heard this is intended to go by or before Saturday...Intention of this White House of our President Trump is to let us have this for us before Christmas. ...I am encouraged by the fact that we are there. We have a rough time frame that we think is still intact. [post 2 of 2]
12-21-2018 Intel Guru Bruce We do not normally do rates, but I will tell you this...the dong has been going up in value. The dong was in just under the $5 range today. Just under $5 on the front screen. I can’t tell you where the dinar is on the front screen right now, because I do not know that number. ...We have been told that the rates for these currencies should be updated and new by this afternoon [Thursday]. ...That is usually a good sign of things happening on the Forex, on the World Markets. ...I know that was the intention. [post 1 of 2....stay tuned]
12-21-2018 Newshound Guru Adam Montana [I've been remembering back to Iraq being removed from Chapter 7 (UN) and some of the process involved....How does current GOI environment compare and what is similar / different getting HCL in place?] I think the main difference would be the players involved - Chapter 7 was an outside decision. They were at the mercy of the UN(etc) on that one. HCL is not that way - this is an internal decision. The HCL is done when Iraq says it is done, and no outside influences can stop them.
12-21-2018 Newshound/Intel Guru Walkingstick The timing/ change of the exchange rate, of.. any country... is not, dictated ..by, the date/s listed on the UN operational rate/s of exchange..
12-20-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQ IS ONE OF THE WORLD’S RICHEST COUNTRIES" Quote: “the Central Bank has a future plan to restructure the Iraqi currency, including the deletion of zeros”. ...to me this looks like there is a long term plan to issue a 100,000 dinar note. Why is this if they want to complete the project to delete the zeros? So this article says the CBI is holding off on this idea (pending) for now. My guess is...they are doing this and will not launch this 100,000 dinar note until after the reinstatement and then only use it for inter-banking transactions for trade and reconstruction transfers of money payments of large sums. The average citizen may NEVER see this category. So this is the real reason for this 100k note.
12-20-2018 Intel Guru Frank26 Private Banks in Iraq are ready online in a moments notice and Banks around the world online with the CBI are ready in a moments notice! ...there is no finish line because it is UNSTOPPABLE!!!
12-20-2018 Newshound Guru MilitiaMan The wind is starting to blow now...imo. The region is reflecting expectations that Iraq will raise the value of the IQD. Goldman Sachs today told us they expect the emerging markets to appreciate upwards of 10% to the good. Well, imo that may very well be low. However, not a bad trade for the big boyz. So, when I say the wind is blowing, they are gearing up for the storm. They will fill their sails and ride on Iraq's draft up. They will be in the basket of currencies. Iraq goes up the region goes up...So the precursor showing strength is showing the region knows what is coming and are getting into the currencies now to ride out the storm... In other words make more money...
12-20-2018 Intel Guru ADMINBILL Optimism for a 2018 RV/GCR remains in place and has had a minor increase. But time is running out for this year. Remember - This is a PROCESS that has no specific end date.
12-20-2018 Newshound Guru Adam Montana [When did Iraq become a sovereign nation?...] Iraq has long been a sovereign nation, but they lost some freedoms in 2003 with the overthrow of Saddam. Their currency plummeted in value, they had to travel a very long road to get where they are today. Chapter 7 was lifted in 2013, which marked a major milestone for them regaining their position in the world. Since then, they have established a very balanced and stable government and worked their way to the point we are currently at - in position to implement the new Hydro Carbon Law, which will likely trigger a change in the value their currency is traded at.
12-20-2018 Intel/Newshound Guru sandyf ...I agree with Kap [Guru Kaperoni] on a few things. There's no RI or big RV coming. There can never be any Reinstatement of the IQD, something has to have gone before it can come back. The IQD has always been the national currency of Iraq, the IQD has never been an Article 8 currency and any change in value would be a revaluation.
12-20-2018 Intel Guru Frank26 Private Banks in Iraq are ready online in a moments notice and Banks around the world online with the CBI are ready in a moments notice! ...there is no finish line because it is UNSTOPPABLE!!!
12-20-2018 Newshound Guru MilitiaMan The wind is starting to blow now...imo. The region is reflecting expectations that Iraq will raise the value of the IQD. Goldman Sachs today told us they expect the emerging markets to appreciate upwards of 10% to the good. Well, imo that may very well be low. However, not a bad trade for the big boyz. So, when I say the wind is blowing, they are gearing up for the storm. They will fill their sails and ride on Iraq's draft up. They will be in the basket of currencies. Iraq goes up the region goes up...So the precursor showing strength is showing the region knows what is coming and are getting into the currencies now to ride out the storm... In other words make more money...
12-20-2018 Intel Guru ADMINBILL Optimism for a 2018 RV/GCR remains in place and has had a minor increase. But time is running out for this year. Remember - This is a PROCESS that has no specific end date.
12-20-2018 Newshound Guru Adam Montana [When did Iraq become a sovereign nation?...] Iraq has long been a sovereign nation, but they lost some freedoms in 2003 with the overthrow of Saddam. Their currency plummeted in value, they had to travel a very long road to get where they are today. Chapter 7 was lifted in 2013, which marked a major milestone for them regaining their position in the world. Since then, they have established a very balanced and stable government and worked their way to the point we are currently at - in position to implement the new Hydro Carbon Law, which will likely trigger a change in the value their currency is traded at.
12-20-2018 Intel/Newshound Guru sandyf ...I agree with Kap [Guru Kaperoni] on a few things. There's no RI or big RV coming. There can never be any Reinstatement of the IQD, something has to have gone before it can come back. The IQD has always been the national currency of Iraq, the IQD has never been an Article 8 currency and any change in value would be a revaluation.
12-19-2018 Newshound Guru Kaperoni So tomorrow we try again to complete PM Mahdi cabinet. Fingers crossed.
12-19-2018 Intel Guru Frank26 Iraq one of the richest countries in the world...4th place globally holding the largest amount of US Bonds... Because USA is open to Iraq, because of a MIRRORING! The RI of the IQD is UNSTOPPABLE.. it is coming out of a Program Rate ...as long as International trade market gets it...it will EXPLODE!
12-19-2018 Newshound Guru Adam Montana ... I'm excited for the new year to roll in!... At the moment there is a distinct lack of news regarding HCL. I believe there is a good reason for this - and it's good for our 2019 outlook. Many many things are being taken care of, stamped, passed, and resolved right now. Things that are essential for forward progress. But, the fact remains... that pesky and elusive HCL is simply not on the table right now. As soon as we see word about it, then we can get excited! For now... patience is a virtue, and we have plenty. Don't get me wrong here! They aren't sleeping on the job... Fingers crossed for some HCL news soon...
12-19-2018 Intel Guru Bruce The one thing we were waiting here [U.S.] today and I believe we got it today. That one thing had to do with renewing an Executive Order by the President that expired yesterday [Monday] that needed to be reintroduced or re-extended as of today. ...I believe that is what may put us over the edge as far as being ready to go. I have been told they will do it in the next couple of days. They will do this final announcement of their rate and the announcement in fact they are a sovereign nation with a world exchangeable currency. Then guys we should be Go Time. I can’t give you a date or time for it, but I believe we are coming in where now does President Trump want this to go before Christmas? Yes. Is this supposed to be our week to go? Yes. [post 3 of 3]
12-19-2018 Intel Guru Bruce We got oil prices dropping below $50. That is putting a squeeze on Iraq to get done what they need to do in terms of making this announcement. It just might be right where it needs to be to get them to do that. If prices go down too much more, it is going to really bust their budget which is based on oil at a certain price which I thought was in the $44 - $46 barrel range for their budget. So this is really important. We are getting down to the wire that they need to do that. They need to release this information and get it done. I believe that was the one thing we were waiting for out of Iraq. [post 2 of 3....stay tuned]
12-19-2018 Intel Guru Bruce Every time we think Iraq is out of the way and complete we find no they needed to do one more thing... It seems like the one more thing now is just they need to announce their independence and the fact they have a revalued currency that is tradable worldwide. They just need to say it. It is more of a formality than anything else is where we are right now. Yes they were supposed to do that this morning [Tuesday]... Why didn’t it happen? What is happening OPEC is being left with about 4 oil producing countries in the organization? It is coming apart. What is happening is the US is getting bigger and bigger in oil. We are almost controlling the price of oil now whereas before Saudi Arabia was controlling the price. [post 1 of 3....stay tuned]
12-19-2018 Newshound/Intel Guru Mnt Goat This is the way I see this playing out. Suddenly Mahdi’s cabinet is completed. The reconstruction funds start to release within a week. But there is a lag since it takes time to get the projects underway. Not too far in the distance the reinstatement occurs. Also the CBI soon releases the 50 and 100 smaller denominations and maybe along with the 100,000 notes. The process is kicked into high gear…. How long will all this take? I know the CBI was targeting for EARLY Jan 2019 but with delays in forming the government I am not so sure now since time is ticking…tic toc,,,tic toc… Be patient and let’s get the govt fully formed and functional first. The rest will fall into place.
12-19-2018 Intel Guru Frank26 Iraq one of the richest countries in the world...4th place globally holding the largest amount of US Bonds... Because USA is open to Iraq, because of a MIRRORING! The RI of the IQD is UNSTOPPABLE.. it is coming out of a Program Rate ...as long as International trade market gets it...it will EXPLODE!
12-19-2018 Newshound Guru Adam Montana ... I'm excited for the new year to roll in!... At the moment there is a distinct lack of news regarding HCL. I believe there is a good reason for this - and it's good for our 2019 outlook. Many many things are being taken care of, stamped, passed, and resolved right now. Things that are essential for forward progress. But, the fact remains... that pesky and elusive HCL is simply not on the table right now. As soon as we see word about it, then we can get excited! For now... patience is a virtue, and we have plenty. Don't get me wrong here! They aren't sleeping on the job... Fingers crossed for some HCL news soon...
12-19-2018 Intel Guru Bruce The one thing we were waiting here [U.S.] today and I believe we got it today. That one thing had to do with renewing an Executive Order by the President that expired yesterday [Monday] that needed to be reintroduced or re-extended as of today. ...I believe that is what may put us over the edge as far as being ready to go. I have been told they will do it in the next couple of days. They will do this final announcement of their rate and the announcement in fact they are a sovereign nation with a world exchangeable currency. Then guys we should be Go Time. I can’t give you a date or time for it, but I believe we are coming in where now does President Trump want this to go before Christmas? Yes. Is this supposed to be our week to go? Yes. [post 3 of 3]
12-19-2018 Intel Guru Bruce We got oil prices dropping below $50. That is putting a squeeze on Iraq to get done what they need to do in terms of making this announcement. It just might be right where it needs to be to get them to do that. If prices go down too much more, it is going to really bust their budget which is based on oil at a certain price which I thought was in the $44 - $46 barrel range for their budget. So this is really important. We are getting down to the wire that they need to do that. They need to release this information and get it done. I believe that was the one thing we were waiting for out of Iraq. [post 2 of 3....stay tuned]
12-19-2018 Intel Guru Bruce Every time we think Iraq is out of the way and complete we find no they needed to do one more thing... It seems like the one more thing now is just they need to announce their independence and the fact they have a revalued currency that is tradable worldwide. They just need to say it. It is more of a formality than anything else is where we are right now. Yes they were supposed to do that this morning [Tuesday]... Why didn’t it happen? What is happening OPEC is being left with about 4 oil producing countries in the organization? It is coming apart. What is happening is the US is getting bigger and bigger in oil. We are almost controlling the price of oil now whereas before Saudi Arabia was controlling the price. [post 1 of 3....stay tuned]
12-19-2018 Newshound/Intel Guru Mnt Goat This is the way I see this playing out. Suddenly Mahdi’s cabinet is completed. The reconstruction funds start to release within a week. But there is a lag since it takes time to get the projects underway. Not too far in the distance the reinstatement occurs. Also the CBI soon releases the 50 and 100 smaller denominations and maybe along with the 100,000 notes. The process is kicked into high gear…. How long will all this take? I know the CBI was targeting for EARLY Jan 2019 but with delays in forming the government I am not so sure now since time is ticking…tic toc,,,tic toc… Be patient and let’s get the govt fully formed and functional first. The rest will fall into place.
12-18-2018 Newshound Guru Kaperoni So it looks like PM Mahdi got a few of his cabinet in today but not all of them...so this continues. PM Mahdi has stated that Thursday's parliament session will complete the cabinet.
12-18-2018 Newshound/Intel Guru Walkingstick We, USA, gave them the playbook, we led them, guided them, beat it into them... y'all have to be International...Our foot is in the door of Iraq more than anyone realizes...All 6 Banks of his [Walkingstick's] firm, are ready! 1190 is Fictitious.
12-18-2018 Intel Guru RayRen98 Iraqi TV reported that Parliament did not vote on the cabinet members today and postponed such event until next week. Citizens in several cities are upset and have started civil unrest by burning chairs and protesting in streets due to the lack of reforms and (publicly) forming the government. Maliki supporters are being blamed for the negative situations in Iraq...according to local citizens.
12-18-2018 Newshound Guru Kaperoni Like most countries, Iraq would not care if their currency appreciates at the expense of a booming economy. That is how market forces work. A central bank uses its tools to manage monetary policy based effects in the marketplace. An example would be raising the value to counter inflation. Iraq currently has very low inflation less than 3%. If Iraq opens the doors to global investment, it may create the pressure the CBI is looking for to raise the value. We can only hope.
12-18-2018 Newshound Guru MilitiaMan Article: "A credit account in riyal and dinar between Iraq and Iran" Quote: "Citibank offers letters of credit for buyers in Latin America, Africa, Eastern Europe, Asia and the Middle East who may have difficulty obtaining international credit on their own." I would suggest this is part of a necessary end for Iraq now that Monetary Reforms are gearing to be on a different page if you will, imo, that had/has to be done because of the volume of trade between Iraq and Iran. A letter of credit is commonly for International Trade between parties. It is serious business. ...Go figure the timing of it too. IMO. Lets not forget Rick Perry and all those Companies in Iraq may need them too. By the way, CitiBank is one a large providers of Letters of Credit Globally.. They are Directly involved with Iraq as we know. Iraq wants guarantee they get paid for imports and exports. Fairly sure Iran in an unstable environment.. lol This is seriously looking good, imo..
12-18-2018 Newshound/Intel Guru Walkingstick We, USA, gave them the playbook, we led them, guided them, beat it into them... y'all have to be International...Our foot is in the door of Iraq more than anyone realizes...All 6 Banks of his [Walkingstick's] firm, are ready! 1190 is Fictitious.
12-18-2018 Intel Guru RayRen98 Iraqi TV reported that Parliament did not vote on the cabinet members today and postponed such event until next week. Citizens in several cities are upset and have started civil unrest by burning chairs and protesting in streets due to the lack of reforms and (publicly) forming the government. Maliki supporters are being blamed for the negative situations in Iraq...according to local citizens.
12-18-2018 Newshound Guru Kaperoni Like most countries, Iraq would not care if their currency appreciates at the expense of a booming economy. That is how market forces work. A central bank uses its tools to manage monetary policy based effects in the marketplace. An example would be raising the value to counter inflation. Iraq currently has very low inflation less than 3%. If Iraq opens the doors to global investment, it may create the pressure the CBI is looking for to raise the value. We can only hope.
12-18-2018 Newshound Guru MilitiaMan Article: "A credit account in riyal and dinar between Iraq and Iran" Quote: "Citibank offers letters of credit for buyers in Latin America, Africa, Eastern Europe, Asia and the Middle East who may have difficulty obtaining international credit on their own." I would suggest this is part of a necessary end for Iraq now that Monetary Reforms are gearing to be on a different page if you will, imo, that had/has to be done because of the volume of trade between Iraq and Iran. A letter of credit is commonly for International Trade between parties. It is serious business. ...Go figure the timing of it too. IMO. Lets not forget Rick Perry and all those Companies in Iraq may need them too. By the way, CitiBank is one a large providers of Letters of Credit Globally.. They are Directly involved with Iraq as we know. Iraq wants guarantee they get paid for imports and exports. Fairly sure Iran in an unstable environment.. lol This is seriously looking good, imo..
12-17-2018 Newshound/Intel Guru Mnt Goat Many now also have credit and debit cards to pay their bills and so don’t walk around with wads of cash. This enabled the CBI to reduce the 3 zero notes by 2/3, which was part of the plan they told us in 2011 had to happen as part of the project to delete the zeros. Overall this is all VERY good. But this is a VERY slow process...So as outside investors in Iraq we...sit and wait...our wealth will come from a simple reinstatement of the currency back to the trading platforms and going international once again. [post 2 of 2]
12-17-2018 Newshound/Intel Guru Mnt Goat SO WHERE ARE WE IN THIS INVESTMENT RIGHT NOW? We are waiting for the government to get “fully” formed and settle this political crisis. There is and always has been a requirement to have a fully functional government in place and an adherence and “full” implementation of the Iraqi constitution to get the reinstatement of their currency. We can see that the CBI is ready to do something with so much talk and emphasis now stemming around these smaller category notes. We know that the ATMs are launched already and dispensing these notes for petty cash. [post 1 of 2....stay tuned]
12-17-2018 Newshound Guru Kaperoni Looks like parliament will try again tomorrow to complete PM Mahdi's cabinet. Let's hope so.
12-17-2018 Newshound Guru MilitiaMan Article: "The Arab Digital Economy Conference in Abu Dhabi" [...it seems important for them to get this "together" for Iraq's RI....IMO...important for Iraq!] We just learned that they are E-Government ready effectively and Digitization is all apart of that...All geared, linked and...so fresh in peoples minds and on their agendas now... imo! ...the timing of the E-Gov and Digital, is not a coincidence imo...
12-17-2018 Intel Guru ADMINBILL ...COME ON SANTA...AN EARLY CHRISTMAS PRESENT WOULD BE A REAL TREAT! BUT REMEMBER - IT REMAINS A PROCESS - NOT A DEADLINE. IN MY OPINION THERE IS A REAL NEED TO GET THIS DONE THIS BEFORE CHRISTMAS IF AT ALL POSSIBLE...OVER THE YEARS WE HAVE BEEN TOLD THAT THIS WILL GO EVEN IF THERE ARE HOLIDAYS INVOLVED. NOT TRUE. ESPECIALLY IN EUROPE.
12-17-2018 Newshound/Intel Guru Mnt Goat Article: "TO AMEND THE INVESTMENT LAW IN THE COMING DAYS" Quote: "The amendment of THE INVESTMENT LAW IS AN IMPORTANT POINT TO ELIMINATE UNEMPLOYMENT AND THE RETURN OF INDUSTRY AND THE PRIVATE SECTOR IN IRAQ and raise the market value of the Iraqi dinar..." I don’t want anyone telling me there aren’t any more laws needed in order to reinstate the currency. To bring in investors is all part of creating the atmosphere conducive to investors, which in turn, is the state of the economy needed to trigger the reinstatement. It is all coming together.
12-17-2018 Newshound/Intel Guru Mnt Goat SO WHERE ARE WE IN THIS INVESTMENT RIGHT NOW? We are waiting for the government to get “fully” formed and settle this political crisis. There is and always has been a requirement to have a fully functional government in place and an adherence and “full” implementation of the Iraqi constitution to get the reinstatement of their currency. We can see that the CBI is ready to do something with so much talk and emphasis now stemming around these smaller category notes. We know that the ATMs are launched already and dispensing these notes for petty cash. [post 1 of 2....stay tuned]
12-17-2018 Newshound Guru Kaperoni Looks like parliament will try again tomorrow to complete PM Mahdi's cabinet. Let's hope so.
12-17-2018 Newshound Guru MilitiaMan Article: "The Arab Digital Economy Conference in Abu Dhabi" [...it seems important for them to get this "together" for Iraq's RI....IMO...important for Iraq!] We just learned that they are E-Government ready effectively and Digitization is all apart of that...All geared, linked and...so fresh in peoples minds and on their agendas now... imo! ...the timing of the E-Gov and Digital, is not a coincidence imo...
12-17-2018 Intel Guru ADMINBILL ...COME ON SANTA...AN EARLY CHRISTMAS PRESENT WOULD BE A REAL TREAT! BUT REMEMBER - IT REMAINS A PROCESS - NOT A DEADLINE. IN MY OPINION THERE IS A REAL NEED TO GET THIS DONE THIS BEFORE CHRISTMAS IF AT ALL POSSIBLE...OVER THE YEARS WE HAVE BEEN TOLD THAT THIS WILL GO EVEN IF THERE ARE HOLIDAYS INVOLVED. NOT TRUE. ESPECIALLY IN EUROPE.
12-17-2018 Newshound/Intel Guru Mnt Goat Article: "TO AMEND THE INVESTMENT LAW IN THE COMING DAYS" Quote: "The amendment of THE INVESTMENT LAW IS AN IMPORTANT POINT TO ELIMINATE UNEMPLOYMENT AND THE RETURN OF INDUSTRY AND THE PRIVATE SECTOR IN IRAQ and raise the market value of the Iraqi dinar..." I don’t want anyone telling me there aren’t any more laws needed in order to reinstate the currency. To bring in investors is all part of creating the atmosphere conducive to investors, which in turn, is the state of the economy needed to trigger the reinstatement. It is all coming together.
12-16-2018 Newshound/Intel Guru Mnt Goat What remains in this process to get ready for a reinstatement of the dinar? They said that the dinar has gone through the currency reform process and is ready. There is nothing more for the CBI to do in this regard except the CBI must conduct the final phase of the “project to delete the zeros”. It is now more of a political will and cautionary measures, notably the stability of the dinar against the dollar and keeping inflation down by up to 2% at the level of foreign reserves within the rates according to international standards with foreign reserve cash for Iraq (we know the reserves are now above these needed levels.)
12-16-2018 Newshound/Intel Guru RVAlready [I think its going to come in quietly with no big to do. It's just gonna look like it's been there all along.] As there can be no advance knowledge, I tend to believe we will be notified after exchanges start…I do believe they are trying to get it done before the end of the year.
12-16 2018 Newshound/Intel Guru David M. Witty Source in Iraq says PM Abdel-Mahdi is preparing to send nominee names to Parliament for approval for 6 of 8 unfilled cabinet positions, less Ministers of Defense & Interior, which remain locked in controversy.
12-16-2018 Newshound Guru MilitiaMan If we look at the value he places on the 6 billion dinar you get $.83 per unit or dinar in dollar terms. 6 bln IQD = 5 mln USD or $.83 per USD. So then that means 37 Billion Dinars equates to $30,710,000.00 USD. Now remember that he can't tell you yet, that the zeros are dropped, as they haven't as far as I can tell, yet. But, we expect them to when the time is right as he clearly taught us through articles. The 6 billion dinars becomes 6 million once they delete three zeros off the exchange rate and thus 37 billion dinars becomes 37 million by definition. [post 2 of 2]
12-16-2018 Newshound Guru MilitiaMan Article: "In an interview with "The New Arab", Muhsin al-Alaq, Acting Governor of the Central Bank of Iraq , talks about a difficult monetary and financial stage that has passed through his country,..." The Alak interview has told us that they are at a 6/1 (16.5%) good to bad ratio with loans. ...he tells us that they have loans of 37 Billion Dinar of good and 6 billion Dinars worth ($5,000,000.00 USD) of bad. It is not a bad ratio for what they have been through to date. My point is that the value of the 6 bln Dinars is key that Alak points it out, imo. Why? Well it gives a value of that 6 bln. Alak cannot openly come out and tell us a rate or a date literally to the tee.. But, he can in my opinion indirectly point us to it with forward guidance. [post 1 of 2....stay tuned]
12-16-2018 Newshound Guru Adam Montana ...when the HCL is done, it is done. There are a relatively small number of moving parts to a finalized HCL - it's a Law that is pretty clearly defined in purpose and intent.
12-16-2018 Newshound/Intel Guru RVAlready [I think its going to come in quietly with no big to do. It's just gonna look like it's been there all along.] As there can be no advance knowledge, I tend to believe we will be notified after exchanges start…I do believe they are trying to get it done before the end of the year.
12-16 2018 Newshound/Intel Guru David M. Witty Source in Iraq says PM Abdel-Mahdi is preparing to send nominee names to Parliament for approval for 6 of 8 unfilled cabinet positions, less Ministers of Defense & Interior, which remain locked in controversy.
12-16-2018 Newshound Guru MilitiaMan If we look at the value he places on the 6 billion dinar you get $.83 per unit or dinar in dollar terms. 6 bln IQD = 5 mln USD or $.83 per USD. So then that means 37 Billion Dinars equates to $30,710,000.00 USD. Now remember that he can't tell you yet, that the zeros are dropped, as they haven't as far as I can tell, yet. But, we expect them to when the time is right as he clearly taught us through articles. The 6 billion dinars becomes 6 million once they delete three zeros off the exchange rate and thus 37 billion dinars becomes 37 million by definition. [post 2 of 2]
12-16-2018 Newshound Guru MilitiaMan Article: "In an interview with "The New Arab", Muhsin al-Alaq, Acting Governor of the Central Bank of Iraq , talks about a difficult monetary and financial stage that has passed through his country,..." The Alak interview has told us that they are at a 6/1 (16.5%) good to bad ratio with loans. ...he tells us that they have loans of 37 Billion Dinar of good and 6 billion Dinars worth ($5,000,000.00 USD) of bad. It is not a bad ratio for what they have been through to date. My point is that the value of the 6 bln Dinars is key that Alak points it out, imo. Why? Well it gives a value of that 6 bln. Alak cannot openly come out and tell us a rate or a date literally to the tee.. But, he can in my opinion indirectly point us to it with forward guidance. [post 1 of 2....stay tuned]
12-16-2018 Newshound Guru Adam Montana ...when the HCL is done, it is done. There are a relatively small number of moving parts to a finalized HCL - it's a Law that is pretty clearly defined in purpose and intent.
12-15-2018 Newshound Guru Phillyman Article: "Hitti: Investors are waiting for the government to stabilize its commitments" ...it has been fascinating for me to follow the news about the fight against ISIS then the start of investment coming into Iraq. Investment conferences have come and gone though without the major reconstruction we would like to see. This article may have the answer why. Quote: "The head of the Iraqi Reconstruction Fund, Mustapha al-Hiti, said Saturday that the countries investing in Iraq are waiting for the stability of the Iraqi government to start implementing its pledges."
12-15-2018 Newshound/Intel Guru Mnt Goat Many are saying the dinar is now international. Is this true? Confirmed by the CBI – DINAR IS NOT YET INTERNATIONALLY REINSTATED. The CBI also wanted to tell me that Iraq’s currency is NOT yet internationally recognized as it still has to be reinstated in the financial trading sectors as from the war sanctions. They know about lots of rumors and speculation is floating around that is it. They told me that it is one thing to be ready and have all the banking reforms in place in order to conduct international transactions but another reality to conduct business with the outside banking system once again using a VALUED dinar. Currently they are attempting to make this transition to de-peg off the dollar but it is difficult but they know it has to be done and is planned “sooner than later”.
12-15-2018 Newshound Guru Don961 Article: "Kurdistan announces the implementation of Article 140 of the Constitution" Sounds like some people in Kurdistan are spreading news that 140 is implemented... and are trying to erect barriers and borders...but no one told the residents yet...Either shenanigans or it has happened behind the scenes but not announced yet ...either something happened to assure it...or KRG is making assumptions and jumping the gun.
12-15-2018 Newshound Guru Adam Montana [...in ur opinion...when is the time to give up?] If they were to lop their currency for a net 0 gain, then it's over. The odds of that happening are definitely not high.
12-15-2018 Newshound/Intel Guru Mnt Goat Many are saying the dinar is now international. Is this true? Confirmed by the CBI – DINAR IS NOT YET INTERNATIONALLY REINSTATED. The CBI also wanted to tell me that Iraq’s currency is NOT yet internationally recognized as it still has to be reinstated in the financial trading sectors as from the war sanctions. They know about lots of rumors and speculation is floating around that is it. They told me that it is one thing to be ready and have all the banking reforms in place in order to conduct international transactions but another reality to conduct business with the outside banking system once again using a VALUED dinar. Currently they are attempting to make this transition to de-peg off the dollar but it is difficult but they know it has to be done and is planned “sooner than later”.
12-15-2018 Newshound Guru Don961 Article: "Kurdistan announces the implementation of Article 140 of the Constitution" Sounds like some people in Kurdistan are spreading news that 140 is implemented... and are trying to erect barriers and borders...but no one told the residents yet...Either shenanigans or it has happened behind the scenes but not announced yet ...either something happened to assure it...or KRG is making assumptions and jumping the gun.
12-15-2018 Newshound Guru Adam Montana [...in ur opinion...when is the time to give up?] If they were to lop their currency for a net 0 gain, then it's over. The odds of that happening are definitely not high.
12-14-2018 Newshound/Intel Guru Mnt Goat In Europe we hearing you are already educating the citizens on the new smaller category notes. Is this true? Yes, the CBI has recently launched the issuance of the second edition of banknotes categories (25000, 10000.1000, 500.250) dinars. These versions have high level security features and are more usable. We have not yet issued any other small categories. Is there any plans to take these 25,000 and 10,000 notes out of circulation soon? NO. The current effort now is just to replace the amounts now already in circulation with cleaner, more secure versions. The CBI has already reduced the amount of these denominations as needed for currency reform. (I was also told that these notes would remain in circulation for at least 10 more years in the future and the plan is to use them mostly for inter-banking transactions for trading partners and not common street use.) [stay tuned for more questions and answers ...with my CBI representative]
12-14-2018 Newshound Guru chattels [...its almost a new yr. lets see what that brings us...] Always more optimistic in the first quarter of the new year.
12-14-2018 Intel Guru RayRen98 Iraqi TV was reporting that the 2019 Budget would contain stipends of 100,000 dinar to non-employee citizens. [so, should citizens be excited about a $100 stipend or is a RV in the works? Would $100 a month excite you?] ...Reportedly, a "political" breakthrough has occurred with all cabinet members supposedly being voted and passed at the next Parliament meeting ...Maybe it already did!
12-14-2018 Intel Guru Bruce As far as Iraq is concern, they have completed everything that they needed to do. ...from the banking perspective... things are extremely quiet right now, more so than they have been. ...It doesn’t get that quiet unless there is a reason for it. What we have heard was that banks have been receiving notifications. ...I do not have what was in that of course. I find the timing of it was interesting... ...we found out...the rates on the bank screens were sort of on for 45 minutes than off for 45 minutes, then on for 45 minutes then off... we would say those rates need to stabilize and they need to stay permanent... My understanding is the rates are in Canada will be the same as they will be here. ...We have heard any moment for a few days now...we are so far along in this process...there is a timing to it and we believe that timing is very close for us.
12-14-2018 Newshound Guru Adam Montana I'm not sure if we can expect to see a 2018 RV, but 1st quarter 2019 looks extremely promising. Prove me wrong, Iraq...
12-14-2018 Newshound/Intel Guru Mnt Goat As far as I know I am still hearing good news on the reinstatement process and it is still on target for LATE Dec or EARLY Jan period. I know there are lots of rumors now flying around as usual about some window of opportunity for an RV happening this entire week. This is simply NOT true. So in this regards, I had a recent conversation with my CBI representative and the following is what I was told in response to my questions. Is there a plan now to RV the currency this week sometime? NO...The dinar is not planned for a revaluation. The dinar must first go through a “reinstatement” process. This is a series of approvals but we believe we are close... (I have been telling everyone this. Any significant change in value that we want comes from the “float” on the currency once it is reinstated. This is NOT a revaluation but a market drive on the rate due to speculation. It will then settle down to what the IMF calls its “nominal effective rate”) [stay tuned for more questions and answers]
12-14-2018 Newshound Guru Bloodloch [Guru] Breitling is perfectly hinting at what I believe (opinion) to be the only way they can make this work while maintaining and even moderately enhancing purchasing power for the Iraqi citizens, making their money worth more as promised. Nice. Price-freezing may be needed for a bit, but that's okay until the dust settles. Now that's in-country, folks, which must be addressed before anything international is considered. [Reference Guru Breitling post 1-13-2018]
12-14-2018 Newshound Guru chattels [...its almost a new yr. lets see what that brings us...] Always more optimistic in the first quarter of the new year.
12-14-2018 Intel Guru RayRen98 Iraqi TV was reporting that the 2019 Budget would contain stipends of 100,000 dinar to non-employee citizens. [so, should citizens be excited about a $100 stipend or is a RV in the works? Would $100 a month excite you?] ...Reportedly, a "political" breakthrough has occurred with all cabinet members supposedly being voted and passed at the next Parliament meeting ...Maybe it already did!
12-14-2018 Intel Guru Bruce As far as Iraq is concern, they have completed everything that they needed to do. ...from the banking perspective... things are extremely quiet right now, more so than they have been. ...It doesn’t get that quiet unless there is a reason for it. What we have heard was that banks have been receiving notifications. ...I do not have what was in that of course. I find the timing of it was interesting... ...we found out...the rates on the bank screens were sort of on for 45 minutes than off for 45 minutes, then on for 45 minutes then off... we would say those rates need to stabilize and they need to stay permanent... My understanding is the rates are in Canada will be the same as they will be here. ...We have heard any moment for a few days now...we are so far along in this process...there is a timing to it and we believe that timing is very close for us.
12-14-2018 Newshound Guru Adam Montana I'm not sure if we can expect to see a 2018 RV, but 1st quarter 2019 looks extremely promising. Prove me wrong, Iraq...
12-14-2018 Newshound/Intel Guru Mnt Goat As far as I know I am still hearing good news on the reinstatement process and it is still on target for LATE Dec or EARLY Jan period. I know there are lots of rumors now flying around as usual about some window of opportunity for an RV happening this entire week. This is simply NOT true. So in this regards, I had a recent conversation with my CBI representative and the following is what I was told in response to my questions. Is there a plan now to RV the currency this week sometime? NO...The dinar is not planned for a revaluation. The dinar must first go through a “reinstatement” process. This is a series of approvals but we believe we are close... (I have been telling everyone this. Any significant change in value that we want comes from the “float” on the currency once it is reinstated. This is NOT a revaluation but a market drive on the rate due to speculation. It will then settle down to what the IMF calls its “nominal effective rate”) [stay tuned for more questions and answers]
12-14-2018 Newshound Guru Bloodloch [Guru] Breitling is perfectly hinting at what I believe (opinion) to be the only way they can make this work while maintaining and even moderately enhancing purchasing power for the Iraqi citizens, making their money worth more as promised. Nice. Price-freezing may be needed for a bit, but that's okay until the dust settles. Now that's in-country, folks, which must be addressed before anything international is considered. [Reference Guru Breitling post 1-13-2018]
12-13-2018 Intel Guru Frank26 [This is getting down right silly. International everything but the rate. Lol] WE DO NOT CARE ABOUT THE RATE...WE CARE TO SEE THE CBI SAY THEY ARE ARTICLE 8...TO ADMIT IT!!! THE INTERNATIONAL STATUS WILL TAKE CARE OF THE RATE.
12-13-2018 Newshound/Intel Guru Mnt Goat ...the USA is going to have a real impact and is teaming up with Iraq. This by the way is also very good for our investment... Do you think the USA is going to invest billions if they can’t get their profits out of Iraq? And how about transferring funds in and out of Iraq for other purposes in the process? Yes, Iraq will need to have an international tradable currency. I luv it…!! I am excited. [post 3 of 3]
12-13-2018 Newshound/Intel Guru Mnt Goat ...it has been months now already in getting these last remaining 8 ministers in place, the minister of the interior now being the most critical. Why is this one particular minister so critical? ...This ministry will be the disbursing agent for the Iraqi govt for the funding for the projects funded by the donor countries for this 5 year reconstruction plan. ...the US has stepped up and agreed to assist in providing a sound mechanism for disbursing the projects funded by the donor countries acting much like the Interior minister but officially (of course) only in an advisory capacity... [post 2 of 3....stay tuned]
12-13-2018 Newshound/Intel Guru Mnt Goat ...we see a sudden shift in the news media from Iraq to reporting now mainly on the RECONSTRUCTION EFFORTS being of the main topics. Why? The reason why is because this is the main efforts now by the GOI. ...We definitely, more importantly, see a very sudden shift in the US strategy and willingness for participation in this reconstruction effort. ...We see much more support and willingness now to assist the Iraqi state. We also know too that the timing is now right. With the setback caused by the ISIS war and the election basically over, Iraq is now ready to go on like a runner at the starting gate, they are ready to take off. [post 1 of 3....stay tuned]
12-13-2018 Newshound Guru Breitling There has been countries that have taken zeros off their currency and then the currency gains value later on down the road. So let’s say they do do a LOP on the currency you and I have. That doesn’t take it out of play to revalue. Worse case scenario let’s say it did LOP it will still gain value so it’s never been a threat to me at all. If you look at the definition of these countries on how they lopped and what their economy was at and what they were trying to do was completely different than Iraq. Remember the Iraqi dinar is not at a real market rate. It’s completely manipulated. They can do anything they want with it but their intent from the CBI is to add value to it… [Post 2 of 2]
12-13-2018 Newshound Guru Breitling Questions: “A LOP. What the heck does that mean and why we don’t see it as being a real possibility? By definition a lop is taking the zeros off the notes and pretending they’re not there and using the same notes. It’s funny that someone says it’s going to be a lop and at the same time talks about other notes being printed…well if they’re going to lop and pretend there are three zeros missing then they don’t need to print more currency do they. So it doesn’t fit…here’s the thing… [Post 1 of 2]
12-13-2018 Intel Guru Delta "US Chamber of Commerce in Iraq to discuss investment opportunities" Quotes: "This forum is being attended by more than 50 leading American companies and more than 100 business leaders..."; "We at the Iraqi Bank for Trade communicate between Iraq and the countries of the world through the network of correspondent banks, which facilitates the entry of these companies through the provision of guarantees or requirements for funding from these projects." VERY ...ENCOURAGING...WOW 50 AMERICAN COMPANIES... HUGE...IRAQI BANK READY TO GO...
12-13-2018 Newshound/Intel Guru Mnt Goat ...the USA is going to have a real impact and is teaming up with Iraq. This by the way is also very good for our investment... Do you think the USA is going to invest billions if they can’t get their profits out of Iraq? And how about transferring funds in and out of Iraq for other purposes in the process? Yes, Iraq will need to have an international tradable currency. I luv it…!! I am excited. [post 3 of 3]
12-13-2018 Newshound/Intel Guru Mnt Goat ...it has been months now already in getting these last remaining 8 ministers in place, the minister of the interior now being the most critical. Why is this one particular minister so critical? ...This ministry will be the disbursing agent for the Iraqi govt for the funding for the projects funded by the donor countries for this 5 year reconstruction plan. ...the US has stepped up and agreed to assist in providing a sound mechanism for disbursing the projects funded by the donor countries acting much like the Interior minister but officially (of course) only in an advisory capacity... [post 2 of 3....stay tuned]
12-13-2018 Newshound/Intel Guru Mnt Goat ...we see a sudden shift in the news media from Iraq to reporting now mainly on the RECONSTRUCTION EFFORTS being of the main topics. Why? The reason why is because this is the main efforts now by the GOI. ...We definitely, more importantly, see a very sudden shift in the US strategy and willingness for participation in this reconstruction effort. ...We see much more support and willingness now to assist the Iraqi state. We also know too that the timing is now right. With the setback caused by the ISIS war and the election basically over, Iraq is now ready to go on like a runner at the starting gate, they are ready to take off. [post 1 of 3....stay tuned]
12-13-2018 Newshound Guru Breitling There has been countries that have taken zeros off their currency and then the currency gains value later on down the road. So let’s say they do do a LOP on the currency you and I have. That doesn’t take it out of play to revalue. Worse case scenario let’s say it did LOP it will still gain value so it’s never been a threat to me at all. If you look at the definition of these countries on how they lopped and what their economy was at and what they were trying to do was completely different than Iraq. Remember the Iraqi dinar is not at a real market rate. It’s completely manipulated. They can do anything they want with it but their intent from the CBI is to add value to it… [Post 2 of 2]
12-13-2018 Newshound Guru Breitling Questions: “A LOP. What the heck does that mean and why we don’t see it as being a real possibility? By definition a lop is taking the zeros off the notes and pretending they’re not there and using the same notes. It’s funny that someone says it’s going to be a lop and at the same time talks about other notes being printed…well if they’re going to lop and pretend there are three zeros missing then they don’t need to print more currency do they. So it doesn’t fit…here’s the thing… [Post 1 of 2]
12-13-2018 Intel Guru Delta "US Chamber of Commerce in Iraq to discuss investment opportunities" Quotes: "This forum is being attended by more than 50 leading American companies and more than 100 business leaders..."; "We at the Iraqi Bank for Trade communicate between Iraq and the countries of the world through the network of correspondent banks, which facilitates the entry of these companies through the provision of guarantees or requirements for funding from these projects." VERY ...ENCOURAGING...WOW 50 AMERICAN COMPANIES... HUGE...IRAQI BANK READY TO GO...
12-12-2018 Newshound Guru MilitiaMan Trade Exchange can be product to product or on Stock Exchange... We know they didn't start work yesterday, the process has been underway for years... Timing is looking so very good imo...Citi Bank is the facilitator and they are no small entity. Capable of moving large amounts of goods, products and services. ..imo...Also, working with the Arab Union of Banks is regional. They talk about them back then and again now... WE have learned the basket may be in the AMF / AAD... IF that is the way it rolls out... I like it... imo. [post 2 of 2]
12-12-2018 Newshound Guru MilitiaMan Articles from 2017: "Iraqi Banks Are Looking With The US Treasury To Open Relations With Foreign Banks" and "The largest US banks… Praise the performance of Iraqi banks" The 2017 article[s] showing who was in Iraq, when they were there and what they were promoting to do. Fast forward to yesterday with the same entities as the UST, IMF, WB and Arab Union of Banks in country...Top it off with Silliman [United States Ambassador to Iraq] in talks with Iraq to develop trade exchange and...have 50 major investment companies in country now. [post 1 of 2....stay tuned]
12-12-2018 Newshound Guru chattels The language of "lop" is undeniable in my view. Even if there is a "lop", such does not preclude a concurrent increase in the value of the IQD from what I am able to discern.
12-12-2018 Intel Guru RayRen98 A MEMBER REPORTED A BANK SCREEN RATE OF $2.49 IQD, BUT THE BANK COULDN'T PROCESS IT. FURTHER INVESTIGATION REVEALED THAT IT "SHOULD" BE LIVE, BUT SOME INTERNAL ISSUES NEEDED TO BE RESOLVED. TIME WILL TELL!
12-12-2018 Intel Guru Bruce ...you guys remember back years ago we talked about the US Department of Commerce and the meeting that was held in Washington DC where DR. Shabibi was in attendance and was asked by someone that we knew of in the community how much is the rate of the Iraqi Dinar going to be. Dr Shabibi said “We believe that Iraqi Dinar has the ability to sustain a rate of $16. ...I thought Wow, $16! Is it there now? No. Not yet, but it is at a very decent rate, and I am hearing it could make it to that number by around Saturday. [post 2 of 2]
12-12-2018 Intel Guru Bruce We know Iraq has completed what it is they needed to complete which did drag out...They put everything they needed to put in the Gazette last Saturday. There is a rate for the Iraqi dinar on the back screens being traded as of this past Sunday. ...what I have heard so far is pointing to us having a wonderful week this week. Now, this has been a tough thing to guess, or to call, or to say I know the day or the time. We don’t. We still don’t. We know approximately what their intentions are, what their plans are...the 6.5 million or so of us that are paying attention to this online, through calls, through blogs, etc. ...We will receive our blessing by all intents and purposes by the end of this week. [post 1 of 2....stay tuned]
12-12-2018 Newshound Guru Breitling Question: “How do you handle people when they send you a disagreeing email?” First of all the way people approach some of the stuff I say it’s like an attack. At the same time they want to debate…I don’t mind doing that. I don’t mind telling people what I believe. But I never go after what people “think”. So I never respond to what they “think”. The only thing I can do is tell people what I know and be able to connect the dots that way. I don’t want people to take this wrong at all but I’m not trying to convince anybody of anything…all I’m talking about is how I invest in this and why I believe it. And that’s it.
12-12-2018 Newshound/Intel Guru Mnt Goat Rumor... : The IQD is international since the CBI and other exchange sites have changing the representation of the IQD rate now with five decimal places. This change may very well be in preparation for the future reinstatement back to the global markets on the currency exchanges, since they operate with this level of accuracy. So this is a good sign but...It does not yet mean the IQD is already international.
12-12-2018 Newshound Guru MilitiaMan Articles from 2017: "Iraqi Banks Are Looking With The US Treasury To Open Relations With Foreign Banks" and "The largest US banks… Praise the performance of Iraqi banks" The 2017 article[s] showing who was in Iraq, when they were there and what they were promoting to do. Fast forward to yesterday with the same entities as the UST, IMF, WB and Arab Union of Banks in country...Top it off with Silliman [United States Ambassador to Iraq] in talks with Iraq to develop trade exchange and...have 50 major investment companies in country now. [post 1 of 2....stay tuned]
12-12-2018 Newshound Guru chattels The language of "lop" is undeniable in my view. Even if there is a "lop", such does not preclude a concurrent increase in the value of the IQD from what I am able to discern.
12-12-2018 Intel Guru RayRen98 A MEMBER REPORTED A BANK SCREEN RATE OF $2.49 IQD, BUT THE BANK COULDN'T PROCESS IT. FURTHER INVESTIGATION REVEALED THAT IT "SHOULD" BE LIVE, BUT SOME INTERNAL ISSUES NEEDED TO BE RESOLVED. TIME WILL TELL!
12-12-2018 Intel Guru Bruce ...you guys remember back years ago we talked about the US Department of Commerce and the meeting that was held in Washington DC where DR. Shabibi was in attendance and was asked by someone that we knew of in the community how much is the rate of the Iraqi Dinar going to be. Dr Shabibi said “We believe that Iraqi Dinar has the ability to sustain a rate of $16. ...I thought Wow, $16! Is it there now? No. Not yet, but it is at a very decent rate, and I am hearing it could make it to that number by around Saturday. [post 2 of 2]
12-12-2018 Intel Guru Bruce We know Iraq has completed what it is they needed to complete which did drag out...They put everything they needed to put in the Gazette last Saturday. There is a rate for the Iraqi dinar on the back screens being traded as of this past Sunday. ...what I have heard so far is pointing to us having a wonderful week this week. Now, this has been a tough thing to guess, or to call, or to say I know the day or the time. We don’t. We still don’t. We know approximately what their intentions are, what their plans are...the 6.5 million or so of us that are paying attention to this online, through calls, through blogs, etc. ...We will receive our blessing by all intents and purposes by the end of this week. [post 1 of 2....stay tuned]
12-12-2018 Newshound Guru Breitling Question: “How do you handle people when they send you a disagreeing email?” First of all the way people approach some of the stuff I say it’s like an attack. At the same time they want to debate…I don’t mind doing that. I don’t mind telling people what I believe. But I never go after what people “think”. So I never respond to what they “think”. The only thing I can do is tell people what I know and be able to connect the dots that way. I don’t want people to take this wrong at all but I’m not trying to convince anybody of anything…all I’m talking about is how I invest in this and why I believe it. And that’s it.
12-12-2018 Newshound/Intel Guru Mnt Goat Rumor... : The IQD is international since the CBI and other exchange sites have changing the representation of the IQD rate now with five decimal places. This change may very well be in preparation for the future reinstatement back to the global markets on the currency exchanges, since they operate with this level of accuracy. So this is a good sign but...It does not yet mean the IQD is already international.
12-11-2018 Intel Guru Delta ...they might give us a sucker bid, like we said a long time ago...come out at $1.20, then of course after 6 months, whatever the date is, then throw the exact number there like $2.85, $3.00, whatever it is. But based on... details right now from the CBI website, I mean the rate really has to be high in order for them to do that. And make it more attractive. Remember, the citizens, they want more attractive, especially investors. They need the real numbers to come out like that. And based on...information from the BIS, a month or two months ago, when I-Team reported that $2.85 was showing, so it could be a higher rate, but according to my calculations...they should really be in the $2.85 to $3.00 range in order for them to cover all this money.
12-11-2018 Guest Guru Doc.K Article "Washington announces buying 17% of Iraqi oil exports" [Is this 17% significant?] Yes I believe so... When I read that...I assumed...that the 17% (that the USA is buying) of Iraq's oil export revenue...is most likely going straight to the Kurds to shut them up. I say the HCL is DONE at this point. Since the USA is NOW an exporter of oil, why would we buy from them?
12-11-2018 Newshound/Intel Guru Mnt Goat Rumor...: The IQD is now international. Folks I will tell you one more time that the IQD is NOT yet international and if it was it would have to be “reinstated” first and if it was reinstated we would all be at the banks already...It is that simple...if it was international already thus “reinstated” it would have to be back on the global trading platforms, we would not be waiting so long for the rate to rise since the traders, through demand, would bring the rate up already by now...The CBI itself has told me and still tells me they are waiting to “reinstate” the IQD.
12-11-2018 Newshound Guru ChrisC I hope all of y'all are nestled all snug in your beds, While visions of sugar-plums dance in your heads, and after we've dreamed I hope we all see what's been taking so long...our precious RV. So, let's trust in Trump and know he's planned right and a Merry Future to all and to all a good night.
12-11-2018 Intel Guru Delta [via Clare] the lifting of the 3 zeros, looks on target for the end of the year!
12-11-2018 Intel Guru Frank26 [via Clare] A Change is Coming!!! There is a legitimate reason to invest in Iraq now...because they meet International standards!
12-11-2018 Newshound Guru Bloodloch ...the CBI absolutely CAN launch the VLD (very low denominations) without any further preparation other than printing them and explaining to the Iraqi citizens about their characteristics. No long and slow climb needed, since purchasing power should remain a constant, or even enticingly favorable to Iraqis in their daily lives. The underlying support for turning 44 trillion into 44 billion is there, and there may even be a case made for fractional reserve gold-backing mechanisms should they decide that to be one of the new currency characteristics. And while there have been some rumors of new notes being printed already, I've yet to see any actual artwork for the same. That doesn't mean they don't have them hidden away somewhere. Just that I haven't seen them.
12-11-2018 Guest Guru Doc.K Article "Washington announces buying 17% of Iraqi oil exports" [Is this 17% significant?] Yes I believe so... When I read that...I assumed...that the 17% (that the USA is buying) of Iraq's oil export revenue...is most likely going straight to the Kurds to shut them up. I say the HCL is DONE at this point. Since the USA is NOW an exporter of oil, why would we buy from them?
12-11-2018 Newshound/Intel Guru Mnt Goat Rumor...: The IQD is now international. Folks I will tell you one more time that the IQD is NOT yet international and if it was it would have to be “reinstated” first and if it was reinstated we would all be at the banks already...It is that simple...if it was international already thus “reinstated” it would have to be back on the global trading platforms, we would not be waiting so long for the rate to rise since the traders, through demand, would bring the rate up already by now...The CBI itself has told me and still tells me they are waiting to “reinstate” the IQD.
12-11-2018 Newshound Guru ChrisC I hope all of y'all are nestled all snug in your beds, While visions of sugar-plums dance in your heads, and after we've dreamed I hope we all see what's been taking so long...our precious RV. So, let's trust in Trump and know he's planned right and a Merry Future to all and to all a good night.
12-11-2018 Intel Guru Delta [via Clare] the lifting of the 3 zeros, looks on target for the end of the year!
12-11-2018 Intel Guru Frank26 [via Clare] A Change is Coming!!! There is a legitimate reason to invest in Iraq now...because they meet International standards!
12-11-2018 Newshound Guru Bloodloch ...the CBI absolutely CAN launch the VLD (very low denominations) without any further preparation other than printing them and explaining to the Iraqi citizens about their characteristics. No long and slow climb needed, since purchasing power should remain a constant, or even enticingly favorable to Iraqis in their daily lives. The underlying support for turning 44 trillion into 44 billion is there, and there may even be a case made for fractional reserve gold-backing mechanisms should they decide that to be one of the new currency characteristics. And while there have been some rumors of new notes being printed already, I've yet to see any actual artwork for the same. That doesn't mean they don't have them hidden away somewhere. Just that I haven't seen them.
12-10-2018 Newshound Guru MilitiaMan Article: "Center: Islamic banking in Iraq is in line with international standards" This is telling me they have tapped into one of the largest markets in the world. Not a laughing matter. It is actually very very bullish for our investment. They are recognized now for having been caught up to and in line with international standards...Well done!
12-10-2018 Newshound/Intel Guru Mnt Goat But we can see that they have surely moved already to the next level and important step. For years and years they struggled just to get the banking reforms in place. Not they have the ATMs running, electronic payrolls, electronic POS, credit cards, and emphasis on just petty cash and not wads of cash in pockets the day on and after payday. We see the banks are now liquid and loans are being given based on “credit rating” criteria. So this economy is slowly being converted over to the global banking systems. So much progress has been made towards the “project to delete the zeros”. [post 2 of 2]
12-10-2018 Newshound/Intel Guru Mnt Goat The CBI has told me many times that they can not just launch these very low. lower denominations like the new polymer 5,10,25,50 100 and coins until the economy is suited for them. So how do they get the economy suited for them? They have a plan. First they must slowly make the 250, 500 and 1000 in demand, use electronic banking for larger purchases, then as the economy grows begin to launch these other notes. I would be looking for the 50 and the 100 notes next. At some point they will reinstate the dinar but we don’t know just at what point of equilibrium it will be. To do this means an educational process of what these newer polymer notes look like and how to use them. [post 1 of 2....stay tuned]
12-10-2018 Intel Guru RayRen98 [via sunny] I'm feeling really good about the 100% this week but it might move slower than some of you expect. Reports from some members last night of group activity and receiving communications to come in on Friday to make their exchanges. The process may become more evident this week that it's done, it's finished! ...Anything else pops up we'll be too glad to keep you updated. At best this is an exciting week. We are looking for something to happen. Keep believing. We sure do.
12-10-2018 Intel Guru Frank26 Due to the fact that they are showing these “slots,” you know these digital “slots numbers” available, it means that they have calculated international numbers. Now, the rate has to do the same thing by announcing that they did this with the CBI’s REER numbers. The Real numbers. ...I mean 43 Trillion all year? Then all of the sudden 1 Trillion in one month? My goodness gracious, the rate has to be pretty doggone high for 1 Trillion to equal 43 Trillion.
12-10-2018 Intel Guru Delta ...it looks like the Central Bank of Iraq, they got 100% linked to International Banking. The Central Bank to the BIS. They are now linked to the Forex. Everything is set up from the Central Bank of Iraq and the Iraqi Market is effecting that. Remember the Iraqi Stock Exchange, they didn’t change the plan and they are supposed to go international BEFORE END OF THIS YEAR. And they have to be in NASDAQ. So they need those fractional numbers. So for the Iraqi Market to show those fractional numbers, that gives you indication that the Central Bank of Iraq, they are about to raise the rate. I’m talking about any moment now, based on this information.
12-10-2018 Newshound/Intel Guru RVAlready Once the LDs were printed, the last physical impediment to the RV was removed. Assuming that the US treasury, Trump, and the IMF are ready, the CBI can now release at a moment's notice. Thus, there is finally some possibility that this might be done by the end of the week. Before now, every time someone said "by Monday, or by Friday" it was almost impossible, because the LDs had not even been printed. ...they were recently printed. It has been announced...a few weeks back...Allaq was showing them off.
12-10-2018 Newshound/Intel Guru Mnt Goat But we can see that they have surely moved already to the next level and important step. For years and years they struggled just to get the banking reforms in place. Not they have the ATMs running, electronic payrolls, electronic POS, credit cards, and emphasis on just petty cash and not wads of cash in pockets the day on and after payday. We see the banks are now liquid and loans are being given based on “credit rating” criteria. So this economy is slowly being converted over to the global banking systems. So much progress has been made towards the “project to delete the zeros”. [post 2 of 2]
12-10-2018 Newshound/Intel Guru Mnt Goat The CBI has told me many times that they can not just launch these very low. lower denominations like the new polymer 5,10,25,50 100 and coins until the economy is suited for them. So how do they get the economy suited for them? They have a plan. First they must slowly make the 250, 500 and 1000 in demand, use electronic banking for larger purchases, then as the economy grows begin to launch these other notes. I would be looking for the 50 and the 100 notes next. At some point they will reinstate the dinar but we don’t know just at what point of equilibrium it will be. To do this means an educational process of what these newer polymer notes look like and how to use them. [post 1 of 2....stay tuned]
12-10-2018 Intel Guru RayRen98 [via sunny] I'm feeling really good about the 100% this week but it might move slower than some of you expect. Reports from some members last night of group activity and receiving communications to come in on Friday to make their exchanges. The process may become more evident this week that it's done, it's finished! ...Anything else pops up we'll be too glad to keep you updated. At best this is an exciting week. We are looking for something to happen. Keep believing. We sure do.
12-10-2018 Intel Guru Frank26 Due to the fact that they are showing these “slots,” you know these digital “slots numbers” available, it means that they have calculated international numbers. Now, the rate has to do the same thing by announcing that they did this with the CBI’s REER numbers. The Real numbers. ...I mean 43 Trillion all year? Then all of the sudden 1 Trillion in one month? My goodness gracious, the rate has to be pretty doggone high for 1 Trillion to equal 43 Trillion.
12-10-2018 Intel Guru Delta ...it looks like the Central Bank of Iraq, they got 100% linked to International Banking. The Central Bank to the BIS. They are now linked to the Forex. Everything is set up from the Central Bank of Iraq and the Iraqi Market is effecting that. Remember the Iraqi Stock Exchange, they didn’t change the plan and they are supposed to go international BEFORE END OF THIS YEAR. And they have to be in NASDAQ. So they need those fractional numbers. So for the Iraqi Market to show those fractional numbers, that gives you indication that the Central Bank of Iraq, they are about to raise the rate. I’m talking about any moment now, based on this information.
12-10-2018 Newshound/Intel Guru RVAlready Once the LDs were printed, the last physical impediment to the RV was removed. Assuming that the US treasury, Trump, and the IMF are ready, the CBI can now release at a moment's notice. Thus, there is finally some possibility that this might be done by the end of the week. Before now, every time someone said "by Monday, or by Friday" it was almost impossible, because the LDs had not even been printed. ...they were recently printed. It has been announced...a few weeks back...Allaq was showing them off.
12-9-2018 Newshound Guru MilitiaMan Article: "The 2018 Annual Conference of the Central Bank of Iraq .... The harvest of achievements and the start of the development process for the year 2019" Quotes: "The conference comes at this time, The ministerial cab of the new government and the start of the process of economic reform and economic stability..."; "...the Central Bank re-evaluated and classified banks in accordance with international standards...as well as establishing the deposit guarantee company in order to raise the savings rate at banks and reduce the percentage of housekeeping in the economy and thus activate the economy through activating investment..." A dandy of an article.. ...And it looks as though they'll legitimize the Cab, as in pronto per Sadr! - imo I wonder if they mean where they say delivering their achievements means they have delivered their new currency too...??? Inter-bank style between Central Banks??
12-9-2018 Newshound/Intel Guru David M. Witty Schedule for Iraqi Parliament's meeting today does not contain a vote on unfilled cabinet positions. Still no political agreement on nominees.
12-9-2018 Newshound Guru Breitling ...We are kicking butt and taking names in Iraq. Don’t get too stuck on $55 [price per barrel] that it has to be there. I say you change the value of the currency before that but that’s just me…If it goes below…what they need for price per barrel for the country to function…they’re definitely going to need to add value to their currency to be able to make up for that…This is the language coming out of the committees…they are looking at being able to do business with the west. And they’re looking at sidetracking any policy that OPEC gets together and we’ll see what they do. No body knows what they’ll do. This is the language. The other thing is ok, they’re in the…western markets, 'why don’t we start adding value to our currency so we can get that much more into our markets.' Do you see what I’m saying? That’s what they’re talking about. That’s the language that they’re using. How they’ll do it? When they’ll do it? [He doesn’t know either] But everything is in place exactly what we’ve been talking about. We’re watching it like we’re supposed to and that’s all we can do. I’m very very happy about what’s going on…
12-9-2018 Intel Guru Delta Now you have to ask yourself, where is the Central Bank of Iraq getting those numbers from? The Fractional numbers. ...where is the Iraqi Market getting those fractions from? Like 1193.853. Where are they bringing those .853? The ONLY way they can do that is they have to be linked internationally to be able to do that! ...So, that gives you indication that the Central Bank of Iraq should show the numbers today or tomorrow, this week, or next week, whatever it is. But the numbers have to show up...they have to plug in now the Iraqi exchange rate...they’re going to show us the numbers. Those fractional numbers, they’re not made for the CBI. Those basic rates, calculated, based on the international numbers and this is really very significant.
12-9-2018 Newshound/Intel Guru David M. Witty Schedule for Iraqi Parliament's meeting today does not contain a vote on unfilled cabinet positions. Still no political agreement on nominees.
12-9-2018 Newshound Guru Breitling ...We are kicking butt and taking names in Iraq. Don’t get too stuck on $55 [price per barrel] that it has to be there. I say you change the value of the currency before that but that’s just me…If it goes below…what they need for price per barrel for the country to function…they’re definitely going to need to add value to their currency to be able to make up for that…This is the language coming out of the committees…they are looking at being able to do business with the west. And they’re looking at sidetracking any policy that OPEC gets together and we’ll see what they do. No body knows what they’ll do. This is the language. The other thing is ok, they’re in the…western markets, 'why don’t we start adding value to our currency so we can get that much more into our markets.' Do you see what I’m saying? That’s what they’re talking about. That’s the language that they’re using. How they’ll do it? When they’ll do it? [He doesn’t know either] But everything is in place exactly what we’ve been talking about. We’re watching it like we’re supposed to and that’s all we can do. I’m very very happy about what’s going on…
12-9-2018 Intel Guru Delta Now you have to ask yourself, where is the Central Bank of Iraq getting those numbers from? The Fractional numbers. ...where is the Iraqi Market getting those fractions from? Like 1193.853. Where are they bringing those .853? The ONLY way they can do that is they have to be linked internationally to be able to do that! ...So, that gives you indication that the Central Bank of Iraq should show the numbers today or tomorrow, this week, or next week, whatever it is. But the numbers have to show up...they have to plug in now the Iraqi exchange rate...they’re going to show us the numbers. Those fractional numbers, they’re not made for the CBI. Those basic rates, calculated, based on the international numbers and this is really very significant.
12-8-2018 Intel Guru Delta ...So what’s gonna happen is remember, they’re going to introduce the lower denomination notes and add value that’s going to replace and phase out the 3-zero notes. So how much do they have in total? They have about 43 trillion outside the bank, which is worth about 40 billion dollars. So..., this 1 trillion dinars they have, they should have a very high value, in order for them to replace THE WHOLE VALUE of the 43 trillion dinars. ...So the calculations, the mathematics is going to be like this: 1 Trillion New Iraqi Dinars is going to be equivalent to the 43 Trillion Dinars. This is really HUGE and amazing. So the exchange rate has to be, based on we’ve got here, has to be close to $2.85 to $3.00...
12-8-2018 Newshound Guru Breitling …Understanding what Iraq needs to do. Understanding where Iraq’s currency is at and looking at the historical numbers on where they lost it’s value…how they keep their value down. What advantages they have keeping the value down. What advantages do they have…adding value to it. There’s nothing more than that…we’re speculating based on those principles. And that’s how people do it. A lot of the people that were involved in helping that country [Iraq] set up their currency are officials in the United States. I know these people. Not all of them, some of them. They all have dinar...
12-8-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament excepted to vote tomorrow on remaining unfilled cabinet positions.
12-8-2018 Intel Gurus Delta and Frank26 They changed how they are putting their mathematical rate on their site. This is exciting...they didn’t give us an exchange rate. Because now we’re going to have the exact exchange rate based on international calculations, which is where it’s going to be $1.50 to $2.00, $3.00, whatever they come up. But definitely the numbers are all calculated...It looks like the CBI now is ready to release the new rate and it could happen at any moment now...
12-8-2018 Intel Guru ADMINBILL MANY TEXTS RECEIVED YESTERDAY REPORTING HAPPY DAYS ARE CLOSE AT HAND...
12-8-2018 Newshound Guru Breitling Article: “Iraq, Kuwait and Qatar are the only major OPEC producers able to balance their budget. According to current prices of 58 dollars per barrel Iraq, Kuwait and Qatar are the only major producers who can balance their budget…Kuwait needs $48 to reach break even point. While Qatar can balance it’s budget by a barrel of oil of about $47…according to IMF data Iraq requires $55 per barrel.” So there we have it…the budget that I had and the numbers I was looking at was about $58 to $60. So I don’t know where these numbers come from but let’s assume these guys are right they’re saying the data came from the IMF. “Iraq requires $55 per barrel to achieve a break. Saudi Arabia needs $88.” We know Saudi Arabi doesn’t need $88 anymore because they got opened up to U.S. markets. So the UAE needs $71. Amman [Jordan] needs $77. Iran needs $111…and Libya needs $114. So that’s what we’re looking at, $55 per barrel. Remember it’s long-term…We’re trying to shut out Iran. We’re trying to offer a way out to Iraq that makes them a partner with us. And they’re probably going to take it because they’re looking at what’s happening with Saudi Arabia.
12-8-2018 Newshound/Intel Guru Mnt Goat Article: "THE DELAY IN THE FORMATION OF THE GOVERNMENT IN BAGHDAD HAS HINDERED ACCESS TO LOAN FUNDS AND GRANTS" so because it is taking so long to form this new govt, it is now beginning to overflow into the financial system of Iraq too. Can you see why they need to choose an honest minister of interior? So it not all about the dinar RV that is holding up the funding from investors but rather the elections.
12-8-2018 Newshound Guru Breitling …Understanding what Iraq needs to do. Understanding where Iraq’s currency is at and looking at the historical numbers on where they lost it’s value…how they keep their value down. What advantages they have keeping the value down. What advantages do they have…adding value to it. There’s nothing more than that…we’re speculating based on those principles. And that’s how people do it. A lot of the people that were involved in helping that country [Iraq] set up their currency are officials in the United States. I know these people. Not all of them, some of them. They all have dinar...
12-8-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament excepted to vote tomorrow on remaining unfilled cabinet positions.
12-8-2018 Intel Gurus Delta and Frank26 They changed how they are putting their mathematical rate on their site. This is exciting...they didn’t give us an exchange rate. Because now we’re going to have the exact exchange rate based on international calculations, which is where it’s going to be $1.50 to $2.00, $3.00, whatever they come up. But definitely the numbers are all calculated...It looks like the CBI now is ready to release the new rate and it could happen at any moment now...
12-8-2018 Intel Guru ADMINBILL MANY TEXTS RECEIVED YESTERDAY REPORTING HAPPY DAYS ARE CLOSE AT HAND...
12-8-2018 Newshound Guru Breitling Article: “Iraq, Kuwait and Qatar are the only major OPEC producers able to balance their budget. According to current prices of 58 dollars per barrel Iraq, Kuwait and Qatar are the only major producers who can balance their budget…Kuwait needs $48 to reach break even point. While Qatar can balance it’s budget by a barrel of oil of about $47…according to IMF data Iraq requires $55 per barrel.” So there we have it…the budget that I had and the numbers I was looking at was about $58 to $60. So I don’t know where these numbers come from but let’s assume these guys are right they’re saying the data came from the IMF. “Iraq requires $55 per barrel to achieve a break. Saudi Arabia needs $88.” We know Saudi Arabi doesn’t need $88 anymore because they got opened up to U.S. markets. So the UAE needs $71. Amman [Jordan] needs $77. Iran needs $111…and Libya needs $114. So that’s what we’re looking at, $55 per barrel. Remember it’s long-term…We’re trying to shut out Iran. We’re trying to offer a way out to Iraq that makes them a partner with us. And they’re probably going to take it because they’re looking at what’s happening with Saudi Arabia.
12-8-2018 Newshound/Intel Guru Mnt Goat Article: "THE DELAY IN THE FORMATION OF THE GOVERNMENT IN BAGHDAD HAS HINDERED ACCESS TO LOAN FUNDS AND GRANTS" so because it is taking so long to form this new govt, it is now beginning to overflow into the financial system of Iraq too. Can you see why they need to choose an honest minister of interior? So it not all about the dinar RV that is holding up the funding from investors but rather the elections.
12-7-2018 Intel Guru Delta "Iraq new 500-dinar note (B359a) confirmed" "Iraq new 250-dinar note (B358a) confirmed" THE 1000 NOTE WAS OUT LAST MONTH....BUT 250 500 JUST COMING OUT NOW FOR A REASON!!!
12-7-2018 Newshound/Intel Guru Mnt Goat So Thursday came and went and still no vote on the remaining two last ministers...the minister of interior and defense... But negotiations are now underway. ...President Barham Saleh confirmed the completion of the government formation in accordance with the constitution. We know that Iraq had until Dec 4th to meet the constitutional deadline to form the government. But what about the other 2 ministers for Mahdi’s cabinet? So this news from Saleh is not entirely accurate. But technically they can say it is since Mahdi just uses the “proxy” excuse and assumes the interior and defense ministers himself.
12-7-2018 Intel Guru Bruce ...We know we can celebrate on the one hand because Iraq finally did what it is they were supposed to do putting everything in the Gazette...Wednesday as indicated. We had confirmations that happened. We do have confirmation of a rate...today for the Iraqi dinar at $6.78. It does not mean that is the final rate, but it is the rate that was available today. It can be traded up and it can be traded down. It is just an indicator for you. ...I know Iraq is done. Iraq has done what they said they would do. ...I think we are in the position we can say virtually anytime. ...I am not going to call it. I am just going to tell you I think we are really looking good the next couple of days.
12-7-2018 Intel Gurus Frank26 and Delta ...another huge thing...I do think, they are de-pegging from the dollar. The Iraqi Dinar was pegged to the US Dollar, ONLY, for the last 13-14 years. ...we talked about this a long time ago, when we see that they have 3 digits next to the decimal point, then we know that they are de-pegging from the US dollar. ...I know they are going to peg to the basket of currency. ...But for them to do that now...would give you an indication that they are really REALLY very close to show us the rate...Reinstate their currency. [post 2 of 2]
12-7-2018 Intel Gurus Frank26 and Delta [Guru] Walkingstick told us the fractional banking - the fractional rate calculations - all the math! It’s long been done. Then all the sudden, you find slots opening up for digits, in the fractional area...now you have a decimal point... this is the first time the Central Bank of Iraq is reporting the 3- digits AFTER the decimal point with the US dollar. ...we know that they are about to go international, so they need those digits...when you go international you have to have that fractional number...Because if you have like one-tenth of a penny internationally, that can make a lot of difference on banking, the fractionals, and how they make their money. [post 1 of 2....stay tuned]
12-7-2018 Newshound/Intel Guru Mnt Goat So Thursday came and went and still no vote on the remaining two last ministers...the minister of interior and defense... But negotiations are now underway. ...President Barham Saleh confirmed the completion of the government formation in accordance with the constitution. We know that Iraq had until Dec 4th to meet the constitutional deadline to form the government. But what about the other 2 ministers for Mahdi’s cabinet? So this news from Saleh is not entirely accurate. But technically they can say it is since Mahdi just uses the “proxy” excuse and assumes the interior and defense ministers himself.
12-7-2018 Intel Guru Bruce ...We know we can celebrate on the one hand because Iraq finally did what it is they were supposed to do putting everything in the Gazette...Wednesday as indicated. We had confirmations that happened. We do have confirmation of a rate...today for the Iraqi dinar at $6.78. It does not mean that is the final rate, but it is the rate that was available today. It can be traded up and it can be traded down. It is just an indicator for you. ...I know Iraq is done. Iraq has done what they said they would do. ...I think we are in the position we can say virtually anytime. ...I am not going to call it. I am just going to tell you I think we are really looking good the next couple of days.
12-7-2018 Intel Gurus Frank26 and Delta ...another huge thing...I do think, they are de-pegging from the dollar. The Iraqi Dinar was pegged to the US Dollar, ONLY, for the last 13-14 years. ...we talked about this a long time ago, when we see that they have 3 digits next to the decimal point, then we know that they are de-pegging from the US dollar. ...I know they are going to peg to the basket of currency. ...But for them to do that now...would give you an indication that they are really REALLY very close to show us the rate...Reinstate their currency. [post 2 of 2]
12-7-2018 Intel Gurus Frank26 and Delta [Guru] Walkingstick told us the fractional banking - the fractional rate calculations - all the math! It’s long been done. Then all the sudden, you find slots opening up for digits, in the fractional area...now you have a decimal point... this is the first time the Central Bank of Iraq is reporting the 3- digits AFTER the decimal point with the US dollar. ...we know that they are about to go international, so they need those digits...when you go international you have to have that fractional number...Because if you have like one-tenth of a penny internationally, that can make a lot of difference on banking, the fractionals, and how they make their money. [post 1 of 2....stay tuned]
12-6-2018 Newshound Guru MilitiaMan "Live Iraqi Dinar (IQD) Exchange Rates...USD IQD 1190.00027 Dollars to Iraqi Dinar" More progress and or fine tuning the line up. 5 digitis then 6? We shall see. What I would like to see is some small polymer notes and some fils... imo to go along side those digits right of the decimal and a nice healthy number the the left.
12-6-2018 Newshound/Intel Guru RVAlready I think Mahdi can simply appoint the positions. It has been done by previous PMs. Disagreeing parliament members will complain, but they had their chance to elect, and they failed. They know that they failed, and that action must be taken…
12-6-2018 Newshound Guru MilitiaMan Reporting or pairing is now in line for the list of currencies. Sort of additional education that is completed, imo. Those that will be needing to know can see the 4 digits to the right of the decimal. Place the international calculation in and easy math. imo One more indicator the process is underway...
12-6-2018 Intel Guru RayRen98 Things are moving faster than is being publicized. We received great news yesterday with more confirmation this morning.... It’s a good day to review your action plan.
12-6-2018 Newshound Guru Breitling Article: “Iraq denies report on Trump requesting oil for return for Baghdad war” …I’ll tell you what’s going on. This is not something you’ll read in the articles. We are trying to do deals with oil markets with Iraq but it’s completely separate from what this is talking about…we know what Iraq needs to survive and we’re offering them a way out so that they’re in our camp.
12-6-2018 Newshound Guru Adam Montana Holding pattern on HCL. This is going to break soon. I'm watching it like a hawk and can't WAIT for this to turn! It is going to be in our favor. I'm betting big on this.
12-6-2018 Newshound Guru Breitling …the price per barrel is going down. So what do they [Iraq] do? They can do what you and I are speculating on and add value to their currency but there are other stuff also. Iraq wants to compete in the American markets. We can do trade deals with them. So that’s why Iraq shut the door on Iran because they’re looking for the same type of deal that Saudi Arabia had. So now we have them in our pocket. 12-6-2018 Newshound Guru Breitling …the price per barrel is going down. So what do they [Iraq] do? They can do what you and I are speculating on and add value to their currency but there are other stuff also. Iraq wants to compete in the American markets. We can do trade deals with them. So that’s why Iraq shut the door on Iran because they’re looking for the same type of deal that Saudi Arabia had. So now we have them in our pocket.
12-6-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament to meet today but not expected to vote on unfilled cabinet positions.
12-6-2018 Newshound/Intel Guru RVAlready I think Mahdi can simply appoint the positions. It has been done by previous PMs. Disagreeing parliament members will complain, but they had their chance to elect, and they failed. They know that they failed, and that action must be taken…
12-6-2018 Newshound Guru MilitiaMan Reporting or pairing is now in line for the list of currencies. Sort of additional education that is completed, imo. Those that will be needing to know can see the 4 digits to the right of the decimal. Place the international calculation in and easy math. imo One more indicator the process is underway...
12-6-2018 Intel Guru RayRen98 Things are moving faster than is being publicized. We received great news yesterday with more confirmation this morning.... It’s a good day to review your action plan.
12-6-2018 Newshound Guru Breitling Article: “Iraq denies report on Trump requesting oil for return for Baghdad war” …I’ll tell you what’s going on. This is not something you’ll read in the articles. We are trying to do deals with oil markets with Iraq but it’s completely separate from what this is talking about…we know what Iraq needs to survive and we’re offering them a way out so that they’re in our camp.
12-6-2018 Newshound Guru Adam Montana Holding pattern on HCL. This is going to break soon. I'm watching it like a hawk and can't WAIT for this to turn! It is going to be in our favor. I'm betting big on this.
12-6-2018 Newshound Guru Breitling …the price per barrel is going down. So what do they [Iraq] do? They can do what you and I are speculating on and add value to their currency but there are other stuff also. Iraq wants to compete in the American markets. We can do trade deals with them. So that’s why Iraq shut the door on Iran because they’re looking for the same type of deal that Saudi Arabia had. So now we have them in our pocket. 12-6-2018 Newshound Guru Breitling …the price per barrel is going down. So what do they [Iraq] do? They can do what you and I are speculating on and add value to their currency but there are other stuff also. Iraq wants to compete in the American markets. We can do trade deals with them. So that’s why Iraq shut the door on Iran because they’re looking for the same type of deal that Saudi Arabia had. So now we have them in our pocket.
12-6-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament to meet today but not expected to vote on unfilled cabinet positions.
12-5-2018 Newshound Guru MilitiaMan ...They go on to say the start of activation and implementation of the 2019 plans are under way. WS [Guru Walkingstick] showed us the 12/02/2018 4:00 Am Baghdad time was a point of interest for the trading of the Iraqi Dinar Globally / Worldwide. The coming out party with possible polymer new notes for small categories may be upon us oh so very soon! We shall see.. imo. [post 2 of 2]
12-5-2018 Newshound Guru MilitiaMan Article: “The 2018 Annual Conference of the Central Bank of Iraq .... The harvest of achievements and the start of the development process for the year 2019” Timing for the 10th. They will end 2018 on the 10th and that happens to be a Holiday announced yesterday. It is expected based on the above they'll have a new government cabinet and start the process of economic reform. ...Nusairi...says Alak and his teams have made exceptional efforts in restoring relations in the Arab and Foreign Central Banks over the past four years. The CBI has met with the UN, WB and IMF which is telling us the CBI has strengthened the CBIs economic resilience and achieved financial victory. [post 1 of 2....stay tuned]
12-5-2018 Newshound Guru Kaperoni The launch of "golden opportunity" summit with 50 international companies has begun in Iraq.
12-5-2018 Newshound/Intel Guru Mnt Goat Article: "A "GOLDEN OPPORTUNITY" FOR IRAQI RECONSTRUCTION" Quote: "...WILL OPEN THE WAY FOR PRESENTING LARGE RECONSTRUCTION OPPORTUNITIES TO INVESTMENT COMPANIES..." Oh – yet another investment conference. ...There are still 111 bills carried over form the last parliament that need to be addresses. Many of these bills relieve the barriers in doing business within Iraq. So they can have all of these investment conferences they want but until they get these bills passed they are still going nowhere. Too bad they just can’t seem to work together to get this country moving forward. We can appreciate all that Hader al-Abadi did and so let’s not cut him short on his accomplishments.
12-5-2018 Intel Guru Footforward To be clear, it's my opinion the rate will be well above 86 cents...
12-5-2018 Newshound/Intel Guru Mnt Goat I agree with Kap [Guru Kaperoni] in that the CBI has told us this is a 3 year process. So we are now at the end of this process. In fact if we get out of this year we have passed it. But remember the CBI just can’t trigger the event in a day and expect to transition the currency over that same day. It takes time and there are mechanisms to put in place over months if not years. One such mechanism was “electronic banking”. Another we can clearly see was the ATMs. In March-Oct we witnessed yet another the effort to get the people over to using the lower category notes. But this third mechanism only works because these other two mechanisms were already in place. If you are studying this process to delete the zeros you can clearly see the progression of what the CBI is doing to get them to the reinstatement timeframe.
12-5-2018 Intel Guru Bruce Sunday morning at 4 am Baghdad time which was 8 pm EST Saturday night that was the shot that was heard around the world. That was the term it was called. It is supposed to have been a 3 day turn before we get a pretty close heads up we are about ready to go. That would put us somewhere between now and tomorrow morning [Wednesday]. I am just going to say this is not definitive exactly what the timing is. However, it is a good indicator things are moving right along. We know Iraq is supposed to put everything tomorrow into the Gazette. I believe it will include a rate. ...Then I think we are very close. [post 2 of 2]
12-5-2018 Intel Guru Bruce We are getting down to the very end. ...Iraq on Sunday morning...took their rate and made it tradable...and in 8 seconds after it was on the Forex available to be traded, it was traded up. It has been traded up ever since and it continues to go there. Even yesterday it went over from $6 to $6.50, and I do not know where it is now. I am just saying that it is moving in the right direction. I will say this as well. The Vietnamese dong at this point is within 6% to 8% of the Iraqi dinar. It should stay there within 6% to 8% because they are trying to level the playing field with the dinar, the dong, and I do not know how many other currencies are going to be that close on par, but I do know those two are relatively close. You can forget all that .47 cents for the dong...because it is going to be much higher than that. [post 1 of 2....stay tuned]
12-5-2018 Newshound Guru MilitiaMan Article: “The 2018 Annual Conference of the Central Bank of Iraq .... The harvest of achievements and the start of the development process for the year 2019” Timing for the 10th. They will end 2018 on the 10th and that happens to be a Holiday announced yesterday. It is expected based on the above they'll have a new government cabinet and start the process of economic reform. ...Nusairi...says Alak and his teams have made exceptional efforts in restoring relations in the Arab and Foreign Central Banks over the past four years. The CBI has met with the UN, WB and IMF which is telling us the CBI has strengthened the CBIs economic resilience and achieved financial victory. [post 1 of 2....stay tuned]
12-5-2018 Newshound Guru Kaperoni The launch of "golden opportunity" summit with 50 international companies has begun in Iraq.
12-5-2018 Newshound/Intel Guru Mnt Goat Article: "A "GOLDEN OPPORTUNITY" FOR IRAQI RECONSTRUCTION" Quote: "...WILL OPEN THE WAY FOR PRESENTING LARGE RECONSTRUCTION OPPORTUNITIES TO INVESTMENT COMPANIES..." Oh – yet another investment conference. ...There are still 111 bills carried over form the last parliament that need to be addresses. Many of these bills relieve the barriers in doing business within Iraq. So they can have all of these investment conferences they want but until they get these bills passed they are still going nowhere. Too bad they just can’t seem to work together to get this country moving forward. We can appreciate all that Hader al-Abadi did and so let’s not cut him short on his accomplishments.
12-5-2018 Intel Guru Footforward To be clear, it's my opinion the rate will be well above 86 cents...
12-5-2018 Newshound/Intel Guru Mnt Goat I agree with Kap [Guru Kaperoni] in that the CBI has told us this is a 3 year process. So we are now at the end of this process. In fact if we get out of this year we have passed it. But remember the CBI just can’t trigger the event in a day and expect to transition the currency over that same day. It takes time and there are mechanisms to put in place over months if not years. One such mechanism was “electronic banking”. Another we can clearly see was the ATMs. In March-Oct we witnessed yet another the effort to get the people over to using the lower category notes. But this third mechanism only works because these other two mechanisms were already in place. If you are studying this process to delete the zeros you can clearly see the progression of what the CBI is doing to get them to the reinstatement timeframe.
12-5-2018 Intel Guru Bruce Sunday morning at 4 am Baghdad time which was 8 pm EST Saturday night that was the shot that was heard around the world. That was the term it was called. It is supposed to have been a 3 day turn before we get a pretty close heads up we are about ready to go. That would put us somewhere between now and tomorrow morning [Wednesday]. I am just going to say this is not definitive exactly what the timing is. However, it is a good indicator things are moving right along. We know Iraq is supposed to put everything tomorrow into the Gazette. I believe it will include a rate. ...Then I think we are very close. [post 2 of 2]
12-5-2018 Intel Guru Bruce We are getting down to the very end. ...Iraq on Sunday morning...took their rate and made it tradable...and in 8 seconds after it was on the Forex available to be traded, it was traded up. It has been traded up ever since and it continues to go there. Even yesterday it went over from $6 to $6.50, and I do not know where it is now. I am just saying that it is moving in the right direction. I will say this as well. The Vietnamese dong at this point is within 6% to 8% of the Iraqi dinar. It should stay there within 6% to 8% because they are trying to level the playing field with the dinar, the dong, and I do not know how many other currencies are going to be that close on par, but I do know those two are relatively close. You can forget all that .47 cents for the dong...because it is going to be much higher than that. [post 1 of 2....stay tuned]
12-4-2018 Newshound Guru Kaperoni ...the 2% rule has nothing to do with the choice of float...the 2% rule has to do with stability within Iraq and keeping the dinar exchange rate consistant within the country...the 2% rule is meant to eliminate MCPs within the country...not related at all to the nominal exchange rate of the currency...unfortuately many people do not understand the terminology used by the IMF and others related to monetary policy...an example is MCPs or Multiple Currency Practice...MCP does not mean two currencies or dinar and dollar as some like to say. It means the price of an Item in one part of the country vs the price of the same item in another part.
12-4-2018 Guest Guru Doc.K [Guru ChrisC...Why does everyone think decimal places equals fils? Using fils at this rate would be ludicrous. If we don't see that decimal point move to the left, I don't get what we are dancing about.] In order to have parity or an exchange rate with a major currency, they need to change to the same 2 place decimal system to convert. i.e. The USD does not have $1.259 it is only $1.25 or $1.26. This forces them to use a fraction of a dinar ( a fil = the metals) in the market place and INTERNATIONALLY. They are not dealing with WHOLE #s anymore as in $1 usd = 1200 dinars.
12-4-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament delays vote on unfilled cabinet positions. Iraqi Parliament meeting to approve unfilled cabinet positions ends in chaos & shouting among political blocs.
12-4-2018 Newshound Guru Kaperoni [And The reason why the IMF is still preventing Iraq to become ARTICLE VIII?] They are in compliance now but have not had their 2018 Article IV Consultation yet because the government has not been officially formed. Though not a requirement, I do expect this consultation to occur before any move to Article VIII.
12-4-2018 Newshound Guru Kirk H. Sowell So they managed quorum after all, with 168 MPs, parliament is meeting. But quorum is 165 so that's a very narrow margin of error if they try to hold a vote, just four could walk out and break quorum.
12-4-2018 Intel/Newshound Guru sandyf ...Although what Kap [Guru Kaperoni] says is perfectly valid I would not agree. Floating the currency would not be a normal course of action for an emerging economy. Egypt was pushed into a float and look what happened...I doubt if that is what people want to see. It is not only emerging economies at risk, the Russian Rouble became fully convertible in 2006 but avoided the risk of floating until 2014, again a significant drop in currency value. ...I for one would hope that Iraq does not face similar problems.
12-4-2018 Newshound/Intel Guru RVAlready I think it is a good week for Allaq to push the button. They really need the RV to move forward…So much of what they want to do needs money. The RV will supply that.
12-4-2018 Newshound Guru Kirk H. Sowell So today may be a big day in #Iraq politics, with parliament scheduled to meet...with completing the cabinet of PM Adil Abd al-Mahdi on the agenda. Or maybe it will wimper & fail to make quorum, or just skip the cabinet votes & be nothing.
12-4-2018 Guest Guru Doc.K [Guru ChrisC...Why does everyone think decimal places equals fils? Using fils at this rate would be ludicrous. If we don't see that decimal point move to the left, I don't get what we are dancing about.] In order to have parity or an exchange rate with a major currency, they need to change to the same 2 place decimal system to convert. i.e. The USD does not have $1.259 it is only $1.25 or $1.26. This forces them to use a fraction of a dinar ( a fil = the metals) in the market place and INTERNATIONALLY. They are not dealing with WHOLE #s anymore as in $1 usd = 1200 dinars.
12-4-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament delays vote on unfilled cabinet positions. Iraqi Parliament meeting to approve unfilled cabinet positions ends in chaos & shouting among political blocs.
12-4-2018 Newshound Guru Kaperoni [And The reason why the IMF is still preventing Iraq to become ARTICLE VIII?] They are in compliance now but have not had their 2018 Article IV Consultation yet because the government has not been officially formed. Though not a requirement, I do expect this consultation to occur before any move to Article VIII.
12-4-2018 Newshound Guru Kirk H. Sowell So they managed quorum after all, with 168 MPs, parliament is meeting. But quorum is 165 so that's a very narrow margin of error if they try to hold a vote, just four could walk out and break quorum.
12-4-2018 Intel/Newshound Guru sandyf ...Although what Kap [Guru Kaperoni] says is perfectly valid I would not agree. Floating the currency would not be a normal course of action for an emerging economy. Egypt was pushed into a float and look what happened...I doubt if that is what people want to see. It is not only emerging economies at risk, the Russian Rouble became fully convertible in 2006 but avoided the risk of floating until 2014, again a significant drop in currency value. ...I for one would hope that Iraq does not face similar problems.
12-4-2018 Newshound/Intel Guru RVAlready I think it is a good week for Allaq to push the button. They really need the RV to move forward…So much of what they want to do needs money. The RV will supply that.
12-4-2018 Newshound Guru Kirk H. Sowell So today may be a big day in #Iraq politics, with parliament scheduled to meet...with completing the cabinet of PM Adil Abd al-Mahdi on the agenda. Or maybe it will wimper & fail to make quorum, or just skip the cabinet votes & be nothing.
12-3-2018 Newshound Guru Kaperoni Looks like PM Mahdi will present the rest of his cabinet at tomorrow's parliament session.
12-3-2018 Newshound Guru MilitiaMan "Baghdad calls on Washington to cooperate in activating the terms of the Strategic Framework Agreement” ...the SFA...is a check list that has been a work in progress since 01/01/2009 and is still imo in effect, as noted above and will continue. The items show us that they have completed many many things and we just...yesterday indicators of direct investment..., yesterdays Tweet by Mahdi about Visas and...on Passports. If the item is in the SFA and being openly talked about now, is a good sign things are coming together very quickly now. Well the SFA is about implementation of reforms.. Very very very good timing and it all loks like they are now asking to be released to fly with the new categories. WS [Guru Walkingstick] post suggests they got the go ahead 12/02/2018, imo.. We shall see.
12-3-2018 Newshound/Intel Guru RVAlready [Tomorrow is the day for the vote on the final Iraqi ministers.] There is always a fight in Iraq over the cabinet. Nothing new here. The folks saying delay tomorrow...just their personal opinion. I think they will finish most or all of the posts tomorrow… The Secretary General of the UN is led there, adding his support.
12-3-2018 Newshound Guru Stryker The time has finally come for the CBI and GOI to deleting the zeros but will they do it? (economic and political stability = 2019 Budget)
12-3-2018 Newshound/Intel Guru Mnt Goat Article: "THE FUTURE OF THE IRAQI DINAR" So here we go...This article is more explanation of the process to delete the zeros. This is part of the re-education process that had to take place prior to the EARLY 2019 reinstatement occurring. So here we have yet more evidence the CBI is finally doing this education campaign.
12-3-2018 Newshound Guru ChrisC "Iraqi Dinar Exchange Worldwide 4:00 AM Baghdad Time"
US Dollar
1 USD = 1,191.0000 Iraqi Dinar
1 Iraqi Dinar = 0.0008 USD
I have been watching this and not saying anything for several days, but why is everyone so worked up over decimal points? If we are going to the left, the 190 will occupy the three decimal places for the fils. Not sure what seeing three zeros the other way does for us. Actually makes me a touch nervous.
12-3-2018 Newshound Guru Kaperoni Iraq is not in IMF Article VIII as of yet. Believe me when i say this...when Iraq changes the exchange rate regime and moves to Article VIII you will hear it from me first.
12-3-2018 Newshound Guru MilitiaMan Quote: "Iraqi Dinar Exchange Worldwide 4:00 AM Baghdad Time" December 2, 2018 1:21 am" (EST), was the time that this was brought to us. imo. All those countries moved money into the IQD...? They have to have had good reason and will, to take such risk. Or was there risk? Not likely if the amount of money was in trillions. Tying up 100s of billions let alone potentially trillions, is not going to be taking lightly by those doing so. Thus, even if in 100s of billions, that money is not going to be there long without a darn good reason...Large reasons!! lol. There comes a time when a deal(s) has/have to be disclosed. 4:00 am 12/2/2018? Was that the shot heard around the world today? We shall see if the old 72 hr is real effective, exchangeable at an international rate or not. imo.
12-3-2018 Newshound Guru MilitiaMan "Baghdad calls on Washington to cooperate in activating the terms of the Strategic Framework Agreement” ...the SFA...is a check list that has been a work in progress since 01/01/2009 and is still imo in effect, as noted above and will continue. The items show us that they have completed many many things and we just...yesterday indicators of direct investment..., yesterdays Tweet by Mahdi about Visas and...on Passports. If the item is in the SFA and being openly talked about now, is a good sign things are coming together very quickly now. Well the SFA is about implementation of reforms.. Very very very good timing and it all loks like they are now asking to be released to fly with the new categories. WS [Guru Walkingstick] post suggests they got the go ahead 12/02/2018, imo.. We shall see.
12-3-2018 Newshound/Intel Guru RVAlready [Tomorrow is the day for the vote on the final Iraqi ministers.] There is always a fight in Iraq over the cabinet. Nothing new here. The folks saying delay tomorrow...just their personal opinion. I think they will finish most or all of the posts tomorrow… The Secretary General of the UN is led there, adding his support.
12-3-2018 Newshound Guru Stryker The time has finally come for the CBI and GOI to deleting the zeros but will they do it? (economic and political stability = 2019 Budget)
12-3-2018 Newshound/Intel Guru Mnt Goat Article: "THE FUTURE OF THE IRAQI DINAR" So here we go...This article is more explanation of the process to delete the zeros. This is part of the re-education process that had to take place prior to the EARLY 2019 reinstatement occurring. So here we have yet more evidence the CBI is finally doing this education campaign.
12-3-2018 Newshound Guru ChrisC "Iraqi Dinar Exchange Worldwide 4:00 AM Baghdad Time"
US Dollar
1 USD = 1,191.0000 Iraqi Dinar
1 Iraqi Dinar = 0.0008 USD
I have been watching this and not saying anything for several days, but why is everyone so worked up over decimal points? If we are going to the left, the 190 will occupy the three decimal places for the fils. Not sure what seeing three zeros the other way does for us. Actually makes me a touch nervous.
12-3-2018 Newshound Guru Kaperoni Iraq is not in IMF Article VIII as of yet. Believe me when i say this...when Iraq changes the exchange rate regime and moves to Article VIII you will hear it from me first.
12-3-2018 Newshound Guru MilitiaMan Quote: "Iraqi Dinar Exchange Worldwide 4:00 AM Baghdad Time" December 2, 2018 1:21 am" (EST), was the time that this was brought to us. imo. All those countries moved money into the IQD...? They have to have had good reason and will, to take such risk. Or was there risk? Not likely if the amount of money was in trillions. Tying up 100s of billions let alone potentially trillions, is not going to be taking lightly by those doing so. Thus, even if in 100s of billions, that money is not going to be there long without a darn good reason...Large reasons!! lol. There comes a time when a deal(s) has/have to be disclosed. 4:00 am 12/2/2018? Was that the shot heard around the world today? We shall see if the old 72 hr is real effective, exchangeable at an international rate or not. imo.
12-2-2018 Newshound/Intel Guru Mnt Goat ...Iraq can not RV the currency. The CBI must first reinstate the currency back on the exchanges. Any significant change in value (RV) will come from a managed float afterwards. So the reinstatement must take place first...this new development of not using the US dollar for trade with Iran may be our saving grace and force the CBI to do something soon...
12-2-2018 Newshound/Intel Guru David M. Witty In Iraq, PM Abdel-Mahdi looking at names of 28 candidates for Defense Minister, among them former Speaker of Parliament Jabouri.
12-2-2018 Newshound Guru Kaperoni Investors will do business with Iraq no matter what the exchange rate is as long as the CBI is an Article VIII. The key is that firms that invest in Iraq are able to get their profits out.
12-2-2018 Intel Guru Frank26
HEADINGS
Exchange Iraqi dinar globally 4:00 AM Baghdad time
Iraqi Dinar Exchange Worldwide 4:00 AM Baghdad Time
foreign currency
US Dollar
1 USD = 1,191.0000 Iraqi Dinar
1 Iraqi Dinar = 0.0008 USD
...WHAT WAS ONCE BEING TESTED...LAST YEAR WITH WS'S [Gruu Walkingstick] FIRM AND BANKS...IS NO LONGER ...INSTEAD NOW BEING IMPLEMENTED PERMANENTLY
12-2-2018 Newshound/Intel Guru Mnt Goat The CBI MUST change its program rate to legitimize this rate change after so many days, according to meeting Article 8 requirements. ...If it does not it will not be within the 2% mandatory compliance as set under Article 8. ...The question is for how long can the CBI hold off until they must change the program rate to stay within compliance to Article 8? So far it has been a week already and they have not done so. ...We have also heard rumors that the 120 :1 is now showing up on the ISX...it is NOT TRUE! ...We could be in for a nice Christmas if all goes well...I do know there is a target for LATE Dec to EARLY Jan... [post 2 of 2]
12-2-2018 Newshound/Intel Guru Mnt Goat Is the dinar really already 120 : 1 in Iraq? ...this may have been just a wild and wide swing in the marketplace in very isolated towns due to the sudden shift from the currency auctions when the decision came out to use dinar in place of the US dollar for trade with Iran. ...So then the dinar rate could rise against the US dollar and swing very suddenly. It may have done this last week... [post 1 of 2....stay tuned]
12-2-2018 Newshound Guru Kaperoni [Isn’t article 8 the reinstatement of their currency on to international trading platforms?] No. It is a standard of banking practice. The dinar is international now, just most if not all banks choose not to trade or do business with until that standard is met.
12-2-2018 Newshound/Intel Guru David M. Witty In Iraq, PM Abdel-Mahdi looking at names of 28 candidates for Defense Minister, among them former Speaker of Parliament Jabouri.
12-2-2018 Newshound Guru Kaperoni Investors will do business with Iraq no matter what the exchange rate is as long as the CBI is an Article VIII. The key is that firms that invest in Iraq are able to get their profits out.
12-2-2018 Intel Guru Frank26
HEADINGS
Exchange Iraqi dinar globally 4:00 AM Baghdad time
Iraqi Dinar Exchange Worldwide 4:00 AM Baghdad Time
foreign currency
US Dollar
1 USD = 1,191.0000 Iraqi Dinar
1 Iraqi Dinar = 0.0008 USD
...WHAT WAS ONCE BEING TESTED...LAST YEAR WITH WS'S [Gruu Walkingstick] FIRM AND BANKS...IS NO LONGER ...INSTEAD NOW BEING IMPLEMENTED PERMANENTLY
12-2-2018 Newshound/Intel Guru Mnt Goat The CBI MUST change its program rate to legitimize this rate change after so many days, according to meeting Article 8 requirements. ...If it does not it will not be within the 2% mandatory compliance as set under Article 8. ...The question is for how long can the CBI hold off until they must change the program rate to stay within compliance to Article 8? So far it has been a week already and they have not done so. ...We have also heard rumors that the 120 :1 is now showing up on the ISX...it is NOT TRUE! ...We could be in for a nice Christmas if all goes well...I do know there is a target for LATE Dec to EARLY Jan... [post 2 of 2]
12-2-2018 Newshound/Intel Guru Mnt Goat Is the dinar really already 120 : 1 in Iraq? ...this may have been just a wild and wide swing in the marketplace in very isolated towns due to the sudden shift from the currency auctions when the decision came out to use dinar in place of the US dollar for trade with Iran. ...So then the dinar rate could rise against the US dollar and swing very suddenly. It may have done this last week... [post 1 of 2....stay tuned]
12-2-2018 Newshound Guru Kaperoni [Isn’t article 8 the reinstatement of their currency on to international trading platforms?] No. It is a standard of banking practice. The dinar is international now, just most if not all banks choose not to trade or do business with until that standard is met.
12-1-2018 Newshound/Intel Guru Mnt Goat [...Have you had any direct contact with you CBI source to confirm that they are on track for late Dec or early 2019? The news you present is extremely exciting and is falling into place just like you predicted.] yes, and yes... However they must get this govt formed and they must keep Iranian influence out of it. This is now what the CBI is waiting for. So if this all lines up in late Dec, EARLY Jan I am hearing they will do it.
12-1-2018 Intel Guru Footforward [...Do think the dinar will revalue or am I living a fantasy? Should I get rid of it?] I can't tell you what to do. But I'm not getting rid of mine and I'm buying more. I believe this will happen.
12-1-2018 Newshound Guru Kaperoni The best we can hope for is the CBI moves to Article VIII under the IMF. Then float the currency as investors begin to rebuild Iraq. Only then as investors/investment comes into Iraq can the dinar begin to appreciate gradually. This is a process not a overnight event...
12-1-2018 Newshound/Intel Guru Mnt Goat 3) Just prior to the event they begin the slow education to the citizens and we are now witnessing this event once again. We are getting very close... I do not believe the CBI will just launch all the newer smaller category notes all at once. But rather they will slowly phase in the newer notes (5, 10,25,50,100) and fils (coins) as the economy dictates... Yes, I can now truly say we are now entering this window of opportunity but we must be patient and just wait for FACTUAL news to come out. [post 2 of 2]
12-1-2018 Newshound/Intel Guru Mnt Goat So I already proved to everyone why the end of the year (late Dec or EARLY Jan) is the BEST and MOST OPPORTUNE time period for Iraq to drop the zeros and then reinstate the currency. 1) Jan 1st is the beginning of the financial fiscal year within Iraq... 2) In ALL, and I mean ALL, of the previous, legitimate periods to reinstate the currency, they CBI always planned within LATE December to EARLY January to do it. This is well documented and FACTUAL periods... [post 1 of 2....stay tuned]
12-1-2018 Intel Guru RayRen98 Rates are "at it" again. [Ray told us that rates were fluctuating yesterday; therefore, they must be fluctuating again today.]
12-1-2018 Intel Guru Footforward [...Do think the dinar will revalue or am I living a fantasy? Should I get rid of it?] I can't tell you what to do. But I'm not getting rid of mine and I'm buying more. I believe this will happen.
12-1-2018 Newshound Guru Kaperoni The best we can hope for is the CBI moves to Article VIII under the IMF. Then float the currency as investors begin to rebuild Iraq. Only then as investors/investment comes into Iraq can the dinar begin to appreciate gradually. This is a process not a overnight event...
12-1-2018 Newshound/Intel Guru Mnt Goat 3) Just prior to the event they begin the slow education to the citizens and we are now witnessing this event once again. We are getting very close... I do not believe the CBI will just launch all the newer smaller category notes all at once. But rather they will slowly phase in the newer notes (5, 10,25,50,100) and fils (coins) as the economy dictates... Yes, I can now truly say we are now entering this window of opportunity but we must be patient and just wait for FACTUAL news to come out. [post 2 of 2]
12-1-2018 Newshound/Intel Guru Mnt Goat So I already proved to everyone why the end of the year (late Dec or EARLY Jan) is the BEST and MOST OPPORTUNE time period for Iraq to drop the zeros and then reinstate the currency. 1) Jan 1st is the beginning of the financial fiscal year within Iraq... 2) In ALL, and I mean ALL, of the previous, legitimate periods to reinstate the currency, they CBI always planned within LATE December to EARLY January to do it. This is well documented and FACTUAL periods... [post 1 of 2....stay tuned]
12-1-2018 Intel Guru RayRen98 Rates are "at it" again. [Ray told us that rates were fluctuating yesterday; therefore, they must be fluctuating again today.]
11-30-2018 Newshound/Intel Guru Mnt Goat So now we are getting very close to the period when we can truly expect something might happen. Yes, we have arrived! So over the last month we see little bits and pieces of the mentioning of the “project to delete the zeros” in many of these articles. Why now? Why mention this project so much now? This project is on the minds of many as they know we are getting closer to the period when the CBI has promised many times already to deliver on their promises.
11-30-2018 Newshound/Intel Guru Mnt Goat I...cringe when I hear someone tell you that these damned VISA and MASTERCARDS are...international. So the Iraq citizens need a credit/debit cards to conduct business when shopping...some sort of credit/debit card to coincide with the electronic banking. ...This does not mean they can now take these cards and also use them abroad in their POS systems...these Iraqi cards are NOT...international ...At least not yet. But they do have this capability for the future. ...any new Iraqi credit or debit cards from VISA or MASTERCRAD is a move in the right direction and is everything we should be looking for now.
11-30-2018 Newshound Guru MilitiaMan Quote: "In Baghdad and in cities across Iraq, blocked off roads are being reopened, checkpoints removed and blast-walls dismantled, as Iraqis begin to build a peaceful, secure and prosperous future." They are showing the world they are on the offensive and the capital will be a place they will be able to freely move about equally.. Security and Stability... A very vital issue and barrier done for the people... All very good and the timing is perfect! IMO.
11-30-2018 Intel Guru Bruce [via PinkRoses]... we told you we were looking for everything to go into the Gazette on Wednesday from Iraq, and it did. Everything was put in there. We got confirmation on that...the G20...starts Saturday in Buenos Aires, Argentina...It is a (2) day meeting. ...the Prime Minister Xi in China, he wants this blessing as we tend to call it, the GCR, let’s call it the RV for our purposes, he wants this done well ahead of the G20 meeting on Saturday... It could be hours, a day. What we are saying is this is so close. ...I really think we are down to the point where we are up against the wall, and there is absolute desire to get this done now...Do not be surprised if something does happen by Saturday, before Saturday, on Saturday...because Saturday is December 1st, and we believe they want this done prior to that. Let’s see what happens.
11-30-2018 Intel Guru RayRen98 Rates were fluctuating today...was informed that they were testing the system. Hmmmmm? Time Will Tell All! A GOOD SOURCE SAYS, "INVITATIONAL EXCHANGES" ARE STARTING TO TAKE PLACE...TIME WILL TELL.
11-30-2018 Newshound/Intel Guru Mnt Goat I...cringe when I hear someone tell you that these damned VISA and MASTERCARDS are...international. So the Iraq citizens need a credit/debit cards to conduct business when shopping...some sort of credit/debit card to coincide with the electronic banking. ...This does not mean they can now take these cards and also use them abroad in their POS systems...these Iraqi cards are NOT...international ...At least not yet. But they do have this capability for the future. ...any new Iraqi credit or debit cards from VISA or MASTERCRAD is a move in the right direction and is everything we should be looking for now.
11-30-2018 Newshound Guru MilitiaMan Quote: "In Baghdad and in cities across Iraq, blocked off roads are being reopened, checkpoints removed and blast-walls dismantled, as Iraqis begin to build a peaceful, secure and prosperous future." They are showing the world they are on the offensive and the capital will be a place they will be able to freely move about equally.. Security and Stability... A very vital issue and barrier done for the people... All very good and the timing is perfect! IMO.
11-30-2018 Intel Guru Bruce [via PinkRoses]... we told you we were looking for everything to go into the Gazette on Wednesday from Iraq, and it did. Everything was put in there. We got confirmation on that...the G20...starts Saturday in Buenos Aires, Argentina...It is a (2) day meeting. ...the Prime Minister Xi in China, he wants this blessing as we tend to call it, the GCR, let’s call it the RV for our purposes, he wants this done well ahead of the G20 meeting on Saturday... It could be hours, a day. What we are saying is this is so close. ...I really think we are down to the point where we are up against the wall, and there is absolute desire to get this done now...Do not be surprised if something does happen by Saturday, before Saturday, on Saturday...because Saturday is December 1st, and we believe they want this done prior to that. Let’s see what happens.
11-30-2018 Intel Guru RayRen98 Rates were fluctuating today...was informed that they were testing the system. Hmmmmm? Time Will Tell All! A GOOD SOURCE SAYS, "INVITATIONAL EXCHANGES" ARE STARTING TO TAKE PLACE...TIME WILL TELL.
11-29-2018 Newshound Guru MilitiaMan Article: "260+ attend IBBC Iraq Reconstruction Conference" Quote: "IBBC welcomed 260+ delegates to Dubai to discuss ‘Iraq – Reconstruction & Rebuilding, how to deliver Vision’ with expert Industry, Government and International Organisations on 25th November" ...This is all about past tense as it is over now, as it is what was talked about, what was accomplished and with HUGE names involved.. This just shows go time is upon us. imo.
11-29-2018 Newshound Guru Mnt Goat Is the Iraqi currency International? ...let me debunk this rumor once again about any VISA or MASTERCARD going international and issued from an Iraqi bank. First, I will once again define what it means for a currency to be international: 1) for the IMF must recognize the currency under Article 8 of the UN member charter; 2) the currency MUST be tradable throughout the world not just in one area of the globe; 3)the currency, because it is recognized and traded around the globe, it is listed on the currency exchanges, where it is freely traded. Does it meet all of these conditions? Of course not...So these Iraqi cards are NOT yet really international yet. At least not yet. But they do have this capability for the future.
11-29-2018 Newshound Guru Kaperoni [...they have already reduced the money supply.] ...Wrong! This has not happened. If it did the auctions would be out of balance. As said last week from the CBI over 40 trillion is outside of the banks. Only when the dinar begins to rise gradually can the money supply be reduced...
11-29-2018 Intel Guru Footforward [...Is the RV EVER going to happen...?] Yes the RV is going to happen. Watch Iran. Iran is tied to a lot more then people think.
11-29-2018 Newshound Guru MilitiaMan Article: "The future of the Iraqi currency!" Quote: "It is possible that the value of the Iraqi currency against the US dollar, for example, that the employee who receives 1200 thousand dinars at the exchange rate 1200, the purchasing power of $ 1000 dollars and if the strengthening of the dinar equivalent to 500 dinars to the dollar will be purchasing power $ 2400 instead of $ 1000." What a GEM this is...All those relationships about the FILS make me smile! Stock Exchange = Fils, Receipt with Fils, CBI = Fils and now this! No denial!
11-29-2018 Newshound/Intel Guru Mnt Goat So I would not use this “alleged” past corruption at the CBI for any reason to hold up the reinstatement now. This is moving forward. From all my findings the hold up, if any, would be procedure and executing the mechanisms needed to bring this about. If I were you, I would watch for late December or early January for a reinstatement to occur. Again we are fast approaching that window. Remember in ALL the past recorded, legitimate, possible times to complete the project to delete the zeros and then lead to a reinstatement, it was for the late Dec and early Jan timeframes...The Iraqi fiscal financial year begins Jan 1st... [post 2 of 2]
11-29-2018 Newshound/Intel Guru Mnt Goat The news media is really playing up the water damage the lot of those dinars from the incident at the Rafidian bank in 2013. Now they want to extend this out to all the dinars stolen by the Nori al-Maliki administration and blame it on a coordinated criminal activity between the CBI governor and Maliki. There is one flaw with these articles. Ali Mohsen Al-Allaq did not take over the CBI until sometime in 2014. ...So why are they blaming Allaq for any corruption in 2013 or before? I happen to personally know a few people who can attest to Ali Mohsen Al-Allaq’s integrity and ...He is one of the most honest men I know and is a perfect fit for the position he is in at the CBI, with some help from Dr Shabibi to mentor him...He is an obstacle to the corruption and like Shababi they want to bring him down. [post 1 of 2....stay tuned]
11-29-2018 Newshound Guru Mnt Goat Is the Iraqi currency International? ...let me debunk this rumor once again about any VISA or MASTERCARD going international and issued from an Iraqi bank. First, I will once again define what it means for a currency to be international: 1) for the IMF must recognize the currency under Article 8 of the UN member charter; 2) the currency MUST be tradable throughout the world not just in one area of the globe; 3)the currency, because it is recognized and traded around the globe, it is listed on the currency exchanges, where it is freely traded. Does it meet all of these conditions? Of course not...So these Iraqi cards are NOT yet really international yet. At least not yet. But they do have this capability for the future.
11-29-2018 Newshound Guru Kaperoni [...they have already reduced the money supply.] ...Wrong! This has not happened. If it did the auctions would be out of balance. As said last week from the CBI over 40 trillion is outside of the banks. Only when the dinar begins to rise gradually can the money supply be reduced...
11-29-2018 Intel Guru Footforward [...Is the RV EVER going to happen...?] Yes the RV is going to happen. Watch Iran. Iran is tied to a lot more then people think.
11-29-2018 Newshound Guru MilitiaMan Article: "The future of the Iraqi currency!" Quote: "It is possible that the value of the Iraqi currency against the US dollar, for example, that the employee who receives 1200 thousand dinars at the exchange rate 1200, the purchasing power of $ 1000 dollars and if the strengthening of the dinar equivalent to 500 dinars to the dollar will be purchasing power $ 2400 instead of $ 1000." What a GEM this is...All those relationships about the FILS make me smile! Stock Exchange = Fils, Receipt with Fils, CBI = Fils and now this! No denial!
11-29-2018 Newshound/Intel Guru Mnt Goat So I would not use this “alleged” past corruption at the CBI for any reason to hold up the reinstatement now. This is moving forward. From all my findings the hold up, if any, would be procedure and executing the mechanisms needed to bring this about. If I were you, I would watch for late December or early January for a reinstatement to occur. Again we are fast approaching that window. Remember in ALL the past recorded, legitimate, possible times to complete the project to delete the zeros and then lead to a reinstatement, it was for the late Dec and early Jan timeframes...The Iraqi fiscal financial year begins Jan 1st... [post 2 of 2]
11-29-2018 Newshound/Intel Guru Mnt Goat The news media is really playing up the water damage the lot of those dinars from the incident at the Rafidian bank in 2013. Now they want to extend this out to all the dinars stolen by the Nori al-Maliki administration and blame it on a coordinated criminal activity between the CBI governor and Maliki. There is one flaw with these articles. Ali Mohsen Al-Allaq did not take over the CBI until sometime in 2014. ...So why are they blaming Allaq for any corruption in 2013 or before? I happen to personally know a few people who can attest to Ali Mohsen Al-Allaq’s integrity and ...He is one of the most honest men I know and is a perfect fit for the position he is in at the CBI, with some help from Dr Shabibi to mentor him...He is an obstacle to the corruption and like Shababi they want to bring him down. [post 1 of 2....stay tuned]
11-28-2018 *** Dinar Guru News Update *** [CBI Updated again today] After a fourteen day delay, the CBI reported the market rate for the Iraqi Dinar from November 14th to the 27th [They updated again today 28th as too]...something is different. Starting on the 14th they began reporting the Dollar Exchange Rate / in IRAQ Markets. Previously the market rate was reported in the Baghdad Markets. You'll also notice the Official Market Rate listed in the left column of this page now contains 3 decimal places...the previously reported rate did not contain decimal places. Today's 1194.197 reported market rate is the strongest the market rate has been in nearly 2 years. Stay tuned as the gurus chime in to discuss the significance of these Central Bank of Iraq changes...the latest guru posts will continue below...
11-28-2018 Newshound Guru Kaperoni [Do you still think the start of the float of the dinar will happen this year?] Im hoping...but i am waiting for some things to happen first..completion of new goi, IMF consultation.
11-28-2018 Intel Guru ADMINBill This could be a very interesting week.
11-28-2018 Newshound/Intel Guru Mnt Goat Do they then begin to use the newer even lower denominated small category notes and finally trigger this deletion the zeros project? This will mean a 1:1 within Iraq and a reinstatement of the dinar. But do they have the support of the IMF and the USA to reinstate the dinar and do it now? Remember these small category notes are already printed in volume and stored as needed to support the economy of Iraq and for trade. So this piece is already in place and there will be no additional expense to the CBI. ...So here we sit waiting and watching to see what the CBI will do. [post 2 of 2]
11-28-2018 Newshound/Intel Guru Mnt Goat I do know for a FACT that they already recalled and burned over 2/3 of the three zero notes. How do I know this is FACT? BECAUSE THEY TOLD THE PUBLIC OF IRAQ IN THE NEWS MEDIA this is why. The move to electronic banking did allow for the conversion of paper to electronic digital. So they could just then burn the paper. ...So reduce the notes in circulation means to take them out the hands of the general public and the banks. ...The remaining 1/3 will be used for trade and inter-banking transactions. They have told us this many times. Oh- but now they have a dilemma. Seems they told us they decided to trade exclusively with dinar with Iran due to the recent sanctions. So do they have enough dinar in circulation to do this? ...Seems to me they do not want to begin reprinting yet more larger 3 zero notes to fill this monetary gap with Iran. So what do they do? [post 1 of 2....stay tuned]
11-28-2018 Newshound Guru Kaperoni Iraq will float the dinar allowing market forces to dictate. As investment comes into Iraq, the exchange rate will rise. Balassa-Samuelson effect! I think most of us would be happy if the dinar ever equaled the dollar. It may, but not overnight. I want to remind people that the new Iraqi government with PM Mahdi is not official yet. Until the new Prime Minister completes his cabinet and parliament votes (confirms) them in. I do not expect any significant reforms to move forward until the government is official. I also do not expect the IMF to hold their Article IV Consultation with Iraq until the gov is official...as these reviews usually require gov commitments.
11-28-2018 Intel Guru Bruce We just got word today that tomorrow [Wednesday] morning, Iraq is going to put everything in the Gazette which we have been looking for awhile. ...I would also expect tomorrow Iraq to be saying “We are ready to do business with the world”. We are looking tomorrow for some form of rate to come out because they are ready to do business on their ISX and ESX platforms...We believe...the in-country rate on Iraq dinar will be a really good rate and we should feel comfortable going in to the exchanges for dinar... I think that we are at the point now everything is set and ready to go. I am very positive more than I have ever been...that we are right where we need to be for this to release. Let’s hope that is the case.
11-28-2018 Intel Guru Frank26 [In your opinion, why are they adding these 3 digits to the dinar value?] BECAUSE...THE MATHEMATICAL CALCULATIONS FOR THIS FRACTIONAL BANKING/ FRACTIONAL RATE PART...IS WAY DONE AND AGREED UPON...IMO...
11-28-2018 Newshound Guru MilitiaMan ...The CBI changing their site to the fractional system they are showing us now ( within 2 weeks) suggests they are or just about are ready to go with the conversion. ...Today they talked about Iraq taking her place at that top of the region where she was in the Glory days, imo... Yep, they have massive oil reserves and now they say they may very well be the number 1 in the world. So, while we wait for the cat and camel show seating the legitimate Cabinet we can sleep knowing the process is underway and coming to a rate NEER you...
11-28-2018 Intel Guru ADMINBill This could be a very interesting week.
11-28-2018 Newshound/Intel Guru Mnt Goat Do they then begin to use the newer even lower denominated small category notes and finally trigger this deletion the zeros project? This will mean a 1:1 within Iraq and a reinstatement of the dinar. But do they have the support of the IMF and the USA to reinstate the dinar and do it now? Remember these small category notes are already printed in volume and stored as needed to support the economy of Iraq and for trade. So this piece is already in place and there will be no additional expense to the CBI. ...So here we sit waiting and watching to see what the CBI will do. [post 2 of 2]
11-28-2018 Newshound/Intel Guru Mnt Goat I do know for a FACT that they already recalled and burned over 2/3 of the three zero notes. How do I know this is FACT? BECAUSE THEY TOLD THE PUBLIC OF IRAQ IN THE NEWS MEDIA this is why. The move to electronic banking did allow for the conversion of paper to electronic digital. So they could just then burn the paper. ...So reduce the notes in circulation means to take them out the hands of the general public and the banks. ...The remaining 1/3 will be used for trade and inter-banking transactions. They have told us this many times. Oh- but now they have a dilemma. Seems they told us they decided to trade exclusively with dinar with Iran due to the recent sanctions. So do they have enough dinar in circulation to do this? ...Seems to me they do not want to begin reprinting yet more larger 3 zero notes to fill this monetary gap with Iran. So what do they do? [post 1 of 2....stay tuned]
11-28-2018 Newshound Guru Kaperoni Iraq will float the dinar allowing market forces to dictate. As investment comes into Iraq, the exchange rate will rise. Balassa-Samuelson effect! I think most of us would be happy if the dinar ever equaled the dollar. It may, but not overnight. I want to remind people that the new Iraqi government with PM Mahdi is not official yet. Until the new Prime Minister completes his cabinet and parliament votes (confirms) them in. I do not expect any significant reforms to move forward until the government is official. I also do not expect the IMF to hold their Article IV Consultation with Iraq until the gov is official...as these reviews usually require gov commitments.
11-28-2018 Intel Guru Bruce We just got word today that tomorrow [Wednesday] morning, Iraq is going to put everything in the Gazette which we have been looking for awhile. ...I would also expect tomorrow Iraq to be saying “We are ready to do business with the world”. We are looking tomorrow for some form of rate to come out because they are ready to do business on their ISX and ESX platforms...We believe...the in-country rate on Iraq dinar will be a really good rate and we should feel comfortable going in to the exchanges for dinar... I think that we are at the point now everything is set and ready to go. I am very positive more than I have ever been...that we are right where we need to be for this to release. Let’s hope that is the case.
11-28-2018 Intel Guru Frank26 [In your opinion, why are they adding these 3 digits to the dinar value?] BECAUSE...THE MATHEMATICAL CALCULATIONS FOR THIS FRACTIONAL BANKING/ FRACTIONAL RATE PART...IS WAY DONE AND AGREED UPON...IMO...
11-28-2018 Newshound Guru MilitiaMan ...The CBI changing their site to the fractional system they are showing us now ( within 2 weeks) suggests they are or just about are ready to go with the conversion. ...Today they talked about Iraq taking her place at that top of the region where she was in the Glory days, imo... Yep, they have massive oil reserves and now they say they may very well be the number 1 in the world. So, while we wait for the cat and camel show seating the legitimate Cabinet we can sleep knowing the process is underway and coming to a rate NEER you...
11-27-2018 Intel Guru Delta ...REPORT FROM CBI ...BUY SELL IQD IN IRAQI MARKET....PATTERN CHANGED... 08-Nov 1204- 1200...LAST WEEK; 27-Nov 1194.446- 1193.953 ...THIS WEEK CBI IS SHOWING 3#S ... IMO...GETTING READY TO GO INTERNATIONAL ...
11-27-2018 Newshound/Intel Guru RVAlready ...allaq says he is ready to go, and the math has been done a million times over...they could do the RV now, and deal with the rest later…they have had years to get ready... i know it is a new parliament, but they should have arrived ready to do the job at hand…there was an article saying that mahdi was rejecting parliament's attempt to delay...he was going there today.
11-27-2018 Newshound Guru MilitiaMan I am of the view...that they are done with the cabinet, Barzani needed to be a part of the Interior and Defense pick... Clearly they had an agenda to hammer things out. Therefore, my view is that they did what they needed during Barzanis' visit to Baghdad (that btw went very well) prior to him going to Saudi Arabia and United Arab Emirates...In my view that the session for today or tomorrow was not an ordinary session. It was more like and extraordinary one, as Mahdi had a 24 hour window that was up Saturday, that got postponed and possibly due to the hammering out of the HCL. We know the oil has been increased and there are clearly agreements that happened to get that increase of recent...we literally watch to see if our view is correct or not.
11-27-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament says there will be no vote today on unfilled cabinet positions due to political differences. Vote delayed until next week. Security agencies resist opening Green Zone due to possibility of terrorist attack. New government seen as weak.
11-27-2018 Newshound/Intel Guru Mnt Goat ...I have said over and over again there are multiple steps to this process. The first step deletes the zeros and the second in the reinstatement which should significantly increase the value, the value we all want. At the current 1120 program rate they are worth about $20.75. At a futuristic reinstatement market rate in the USA @ $3.71, 25,000 x $3.71 = $92,750 USD. But this is the second step. Let’s not get ahead of ourselves. You may never even see the first step. Get it. So who the hell cares what happens inside Iraq? What you should be most concerned about is when do you get to go to the bank and if the bank will exchange the dinar for you. ...these notes will not expire (as in a lop) and will carry the new reinstatement rate of whatever it comes out to be on FOREX.
11-27-2018 Newshound/Intel Guru RVAlready ...allaq says he is ready to go, and the math has been done a million times over...they could do the RV now, and deal with the rest later…they have had years to get ready... i know it is a new parliament, but they should have arrived ready to do the job at hand…there was an article saying that mahdi was rejecting parliament's attempt to delay...he was going there today.
11-27-2018 Newshound Guru MilitiaMan I am of the view...that they are done with the cabinet, Barzani needed to be a part of the Interior and Defense pick... Clearly they had an agenda to hammer things out. Therefore, my view is that they did what they needed during Barzanis' visit to Baghdad (that btw went very well) prior to him going to Saudi Arabia and United Arab Emirates...In my view that the session for today or tomorrow was not an ordinary session. It was more like and extraordinary one, as Mahdi had a 24 hour window that was up Saturday, that got postponed and possibly due to the hammering out of the HCL. We know the oil has been increased and there are clearly agreements that happened to get that increase of recent...we literally watch to see if our view is correct or not.
11-27-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament says there will be no vote today on unfilled cabinet positions due to political differences. Vote delayed until next week. Security agencies resist opening Green Zone due to possibility of terrorist attack. New government seen as weak.
11-27-2018 Newshound/Intel Guru Mnt Goat ...I have said over and over again there are multiple steps to this process. The first step deletes the zeros and the second in the reinstatement which should significantly increase the value, the value we all want. At the current 1120 program rate they are worth about $20.75. At a futuristic reinstatement market rate in the USA @ $3.71, 25,000 x $3.71 = $92,750 USD. But this is the second step. Let’s not get ahead of ourselves. You may never even see the first step. Get it. So who the hell cares what happens inside Iraq? What you should be most concerned about is when do you get to go to the bank and if the bank will exchange the dinar for you. ...these notes will not expire (as in a lop) and will carry the new reinstatement rate of whatever it comes out to be on FOREX.
11-26-2018 Newshound Guru chattels Article: "To postpone the session of parliament for Tuesday of next week" Tuesday, 4/12/208.
11-26-2018 Newshound Guru MilitiaMan Article: "Halabousi discussed with the delegation of Baghdad Chamber of Commerce activation of the investment law and the establishment of an economic village" ...Well, we know every 3 letter agency of the world body were in Iraq last month, we have regional entities with the likes of the Secretary General of the Unity Council and components of th Arab league in Cairo about mining interests over the last few days. The above is about accelerating procedures...to help facilitate investors needs...
11-26-2018 Newshound/Intel Guru Mnt Goat The CBI has said many times they “fully” intend to keep the citizens informed of the status of the project to delete the zeros. They are doing just that. They seem to give period updates on the project. Just recently we received their latest update which said they are ready to do it and there is nothing more for the CBI to do. They are waiting on the GOI...
11-26-2018 Intel Guru RayRen98 Sunday Morning...Iraq announced that 360 billion Dinar was stolen from the CBI during Maliki's administration. Easier procedures for an international Visa was shared. Monday's Parliament session should have the votes for the final cabinet members.
11-26-2018 Intel/Newshound Guru sandyf ...Iraq is unlikely to redenominate for some time to come. Iraq is facing a problem that no other country looking to redenominate has had to deal with, a huge percentage of the currency being outside the country. It is highly unlikely that Iraq would ever redenominate under current circumstance as the repercussions could be quite significant. I live in the hope that steps will be taken to remove the currency outside Iraq from circulation which would then pave the way to redenomination...
11-26-2018 Newshound/Intel Guru David M. Witty Sources say Iraqi Parliament meeting to select names for unfilled minister positions delayed because of lack of agreement on nominees.
11-26-2018 Newshound Guru MilitiaMan Article: "Halabousi discussed with the delegation of Baghdad Chamber of Commerce activation of the investment law and the establishment of an economic village" ...Well, we know every 3 letter agency of the world body were in Iraq last month, we have regional entities with the likes of the Secretary General of the Unity Council and components of th Arab league in Cairo about mining interests over the last few days. The above is about accelerating procedures...to help facilitate investors needs...
11-26-2018 Newshound/Intel Guru Mnt Goat The CBI has said many times they “fully” intend to keep the citizens informed of the status of the project to delete the zeros. They are doing just that. They seem to give period updates on the project. Just recently we received their latest update which said they are ready to do it and there is nothing more for the CBI to do. They are waiting on the GOI...
11-26-2018 Intel Guru RayRen98 Sunday Morning...Iraq announced that 360 billion Dinar was stolen from the CBI during Maliki's administration. Easier procedures for an international Visa was shared. Monday's Parliament session should have the votes for the final cabinet members.
11-26-2018 Intel/Newshound Guru sandyf ...Iraq is unlikely to redenominate for some time to come. Iraq is facing a problem that no other country looking to redenominate has had to deal with, a huge percentage of the currency being outside the country. It is highly unlikely that Iraq would ever redenominate under current circumstance as the repercussions could be quite significant. I live in the hope that steps will be taken to remove the currency outside Iraq from circulation which would then pave the way to redenomination...
11-26-2018 Newshound/Intel Guru David M. Witty Sources say Iraqi Parliament meeting to select names for unfilled minister positions delayed because of lack of agreement on nominees.
11-25-2018 Newshound Guru MilitiaMan Article: "The Association of Iraqi Private Banks holds the course of Islamic Specialist in Governance and Compliance" There is a Customs and Tariffs Deadline by 11/30/2018 between Baghdad and Erbil to be imposed. Barzani has melted the Ice on the tension now. Oil is flowing through Ceyan at a double clip.. So seeing this compliance and risk certification for to satisfy Islamic Investors is finality for being ready to roll when the shift occurs in the internationally accepted IQD and investment related issues. imo.
11-25-2018 Intel Guru RayRen98 At Saturday's Parliament meeting, all cabinet-select names were submitted for consideration, including defense and interior ministers. The US has allowed Iraq some "energy only" exemptions regarding the sanctions imposed against Iran. Tougher US sanctions against Iran are being discussed. Parliament announced they will complete cabinet selections on Monday, no report was given on what they accomplished today. In order to be in compliance with the US sanctions against Iran, trading will be done with Dinars only. One US bank source is anticipating exchange activity on Monday (as they have before, so remain calm and cautious). Time Will Tell!
11-25-2018 Newshound Guru MilitiaMan "Parliament raises its meeting to next Monday and allocated for the completion of the ministerial cab" I think they may have seated the Cabinet and will finish up other Items Monday. ...We shall see...imo.
11-25-2018 Newshound Guru Adam Montana [Has there been any progress or any news at all on the HCL lately that you can confirm?] Yes, there has been steady progress regarding everything related to HCL. We couldn't have a complete HCL before the pieces were in place, the GOI ready, etc. Nobody will deny that Iraq has moved in the right direction.
11-25-2018 Intel Guru RayRen98 At Saturday's Parliament meeting, all cabinet-select names were submitted for consideration, including defense and interior ministers. The US has allowed Iraq some "energy only" exemptions regarding the sanctions imposed against Iran. Tougher US sanctions against Iran are being discussed. Parliament announced they will complete cabinet selections on Monday, no report was given on what they accomplished today. In order to be in compliance with the US sanctions against Iran, trading will be done with Dinars only. One US bank source is anticipating exchange activity on Monday (as they have before, so remain calm and cautious). Time Will Tell!
11-25-2018 Newshound Guru MilitiaMan "Parliament raises its meeting to next Monday and allocated for the completion of the ministerial cab" I think they may have seated the Cabinet and will finish up other Items Monday. ...We shall see...imo.
11-25-2018 Newshound Guru Adam Montana [Has there been any progress or any news at all on the HCL lately that you can confirm?] Yes, there has been steady progress regarding everything related to HCL. We couldn't have a complete HCL before the pieces were in place, the GOI ready, etc. Nobody will deny that Iraq has moved in the right direction.
11-24-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAQ- THE VALUE OF THE IRAQI DINAR INCREASED BY 9%" So for Iraq to compete with foreign products it must float the value of the dinar. This article demonstrates why. We know that they will NOT float the program rate as it is fixed and pegged to the US dollar. So something has to change and change VERY soon since Iraq just announced it is going to trade with Iran using solely dinars. Iran of course does not want dinars, as they feel they are not liquid enough and do not have the global purchasing power.
11-24-2018 Newshound/Intel Guru David M. Witty In Iraq, Baghdad's Green Zone to be open to civilian traffic starting tomorrow. First time Green Zone will have been opened since 2003.
11-24-2018 Newshound MilitiaMan [Do you think Iraq has to wait for the other countries that will be in the basket to RI or RV?] No. I do not.
11-24-2018 Newshound Guru Adam Montana Article: "Texas is about to create OPEC's worst nightmare" [How do you think this may affect the RV?] The article seems to indicate that the US is ramping up oil production, which will lower prices globally. Iraq may need to adjust their Budget, and maybe the potential RV amount will be reflected in that. Let's say they were to RV at $1, but oil is 30% lower than the former anticipated price, then the RV could come in at .70 as well. As far as timing of the RV, I see no concerns.
11-24-2018 Newshound/Intel Guru David M. Witty Iraqi Speaker of Parliament says next Parliament meeting on Monday will vote on unfilled cabinet positions.
11-24-2018 Newshound Guru chattels The dinar has the potential for a favorable return on investment. The question is when and or how much.
11-24-2018 Newshound/Intel Guru David M. Witty In Iraq, Baghdad's Green Zone to be open to civilian traffic starting tomorrow. First time Green Zone will have been opened since 2003.
11-24-2018 Newshound MilitiaMan [Do you think Iraq has to wait for the other countries that will be in the basket to RI or RV?] No. I do not.
11-24-2018 Newshound Guru Adam Montana Article: "Texas is about to create OPEC's worst nightmare" [How do you think this may affect the RV?] The article seems to indicate that the US is ramping up oil production, which will lower prices globally. Iraq may need to adjust their Budget, and maybe the potential RV amount will be reflected in that. Let's say they were to RV at $1, but oil is 30% lower than the former anticipated price, then the RV could come in at .70 as well. As far as timing of the RV, I see no concerns.
11-24-2018 Newshound/Intel Guru David M. Witty Iraqi Speaker of Parliament says next Parliament meeting on Monday will vote on unfilled cabinet positions.
11-24-2018 Newshound Guru chattels The dinar has the potential for a favorable return on investment. The question is when and or how much.
11-23-2018 Intel Guru RayRen98 [via sunny] ...we learned: Sadr wanting Alak to be fired; Barzani and Mahdi agreed cabinet needed to be completed ASAP; and a dinar source reporting new rates on the screens. . . Dinar reported to have gone from the $4 to $6. Hopefully it will be at least $6.
11-23-2018 Newshound Guru Bloodloch I believe Delta has this exactly right. Quote: "They’re going to give you a million dinars worth of LOWER DENOMINATIONS because remember what they’re trying to do here is they’re trying to use all this money supply." It takes about two months for Iraq to cycle through the face value of its outstanding currency supply. Akin to inventory turnover, the velocity of money is a nations' gross domestic product divided by its outstanding currency supply. In the case of Iraq, for 2017 that's roughly 234 Trillion divided by about 44 Trillion or 5.3 times per year, or about once every 2 months or so.
11-23-2018 Newshound/Intel Guru Mnt Goat Article: "CURRENCY STRUCTURE: CENTRAL BANK PREPARES TO DELETE 3 ZEROS OF IRAQI CURRENCY" Okay so here is the beginning of the re-education process I said would begin a months before the reinstatement would happen. Remember the CBI must first wait for the right environment to launch the rest of these lower smaller category notes. Now they are telling us the time is just around the corner. This is exactly what we wanted to hear and needed to hear at this time. So we are moving forward to late 2018 to early 2019 timeframe for a reinstatement. Remember as I said many times we will see a rate change within Iraq as close to 1000 dinars or lower per USD first, then the CBI must launch the smaller notes or the economy will not have any currency they can work with. So now we see the CBI program rate as record lows coming into this week and so we should expect it even much lower and then the launching of first the 25, 50 and 100 dinar notes, as promised would happen at this time. Stay tuned it is all good.
11-23-2018 Intel Guru Footforward It will not be a one to one exchange for us in my opinion. I have very good reason for that opinion. It's my opinion that it will be higher then that.
11-23-2018 Intel Guru Delta ...if you have a million dinar, and you go to the bank they’re not going to give you a 1,000 dinar because that’s a Lop. They’re going to give you a million dinars worth of LOWER DENOMINATIONS because remember what they’re trying to do here is they’re trying to use all this money supply. The only way you can do that is to raise the value starting with their employees because remember they’ll have to go back to 40-50% of the salaries to the government employees and any other employees and then Remember, you’re going to give them a million dinar and get a 1,000 dinar and that’s going to be worth the OLD million dinar which is worth $840 USD. And this is what they basically are trying to do. [post 2 of 2]
11-23-2018 Intel Guru Delta [via MilitiaMan] Article: "Al-Rafidain releases the salaries of local employees through MasterCard" Basically this project is very, very important because the people’s notes – there’s about 6 billion of them worth about 44 Trillion. So what they’re trying to do here is to basically reconstruct the currency. How is Iraq going to do it without them basically lopping the currency. They need to basically increase the value which is to lift the 000’s #1, and ...when they start doing that they’re going to adjust salaries. Now, here’s the catch here… [post 1 of 2....stay tuned]
11-23-2018 Newshound Guru Bloodloch I believe Delta has this exactly right. Quote: "They’re going to give you a million dinars worth of LOWER DENOMINATIONS because remember what they’re trying to do here is they’re trying to use all this money supply." It takes about two months for Iraq to cycle through the face value of its outstanding currency supply. Akin to inventory turnover, the velocity of money is a nations' gross domestic product divided by its outstanding currency supply. In the case of Iraq, for 2017 that's roughly 234 Trillion divided by about 44 Trillion or 5.3 times per year, or about once every 2 months or so.
11-23-2018 Newshound/Intel Guru Mnt Goat Article: "CURRENCY STRUCTURE: CENTRAL BANK PREPARES TO DELETE 3 ZEROS OF IRAQI CURRENCY" Okay so here is the beginning of the re-education process I said would begin a months before the reinstatement would happen. Remember the CBI must first wait for the right environment to launch the rest of these lower smaller category notes. Now they are telling us the time is just around the corner. This is exactly what we wanted to hear and needed to hear at this time. So we are moving forward to late 2018 to early 2019 timeframe for a reinstatement. Remember as I said many times we will see a rate change within Iraq as close to 1000 dinars or lower per USD first, then the CBI must launch the smaller notes or the economy will not have any currency they can work with. So now we see the CBI program rate as record lows coming into this week and so we should expect it even much lower and then the launching of first the 25, 50 and 100 dinar notes, as promised would happen at this time. Stay tuned it is all good.
11-23-2018 Intel Guru Footforward It will not be a one to one exchange for us in my opinion. I have very good reason for that opinion. It's my opinion that it will be higher then that.
11-23-2018 Intel Guru Delta ...if you have a million dinar, and you go to the bank they’re not going to give you a 1,000 dinar because that’s a Lop. They’re going to give you a million dinars worth of LOWER DENOMINATIONS because remember what they’re trying to do here is they’re trying to use all this money supply. The only way you can do that is to raise the value starting with their employees because remember they’ll have to go back to 40-50% of the salaries to the government employees and any other employees and then Remember, you’re going to give them a million dinar and get a 1,000 dinar and that’s going to be worth the OLD million dinar which is worth $840 USD. And this is what they basically are trying to do. [post 2 of 2]
11-23-2018 Intel Guru Delta [via MilitiaMan] Article: "Al-Rafidain releases the salaries of local employees through MasterCard" Basically this project is very, very important because the people’s notes – there’s about 6 billion of them worth about 44 Trillion. So what they’re trying to do here is to basically reconstruct the currency. How is Iraq going to do it without them basically lopping the currency. They need to basically increase the value which is to lift the 000’s #1, and ...when they start doing that they’re going to adjust salaries. Now, here’s the catch here… [post 1 of 2....stay tuned]
11-22-2018 Intel Guru Delta FROM IRAQI SOCIAL MEDIA .(wink) News of an agreement to raise the value of the Iraqi currency to become equal to the US dollar and cancel the 3 zeros as well...1000 IQD = 1000 USD. HAPPY THANKSGIVING FAMILY...DELTA
11-22-2018 Newshound Guru Adam Montana [Please tell us will this colored paper ever RV?] If I didn't believe it would, I would have sold all mine. That is not the case - I'm sitting tight, with my ...Dinar stash close at hand.
11-22-2018 Newshound/Intel Guru Mnt Goat But this higher rate of 120 dinars to the USD is the “market” rate. And so what will the CBI do next. They must maintain the 2% spread between market rate and the program rate. Will they adjust the program rate? This is the rate we really want to see change since the market rate could have massive temporary swings in relation to short-term swings in the currency auctions. So we wait and watch what the CBI does next before we get too excited. [post 2 of 2]
11-22-2018 Newshound/Intel Guru Mnt Goat ...we have rumors coming from Iraq of the dinar rate operating at 120 IQD/USD. Wow! ...This is amazing but before we...get too excited let’s look at what is really happening. ...this is nothing more than the initial shock from the lack of dollars coming out of the currency auctions. We know that when for any reason something effects the sale of dollars in these auctions it drives up the rate for the dinar since the dinar then is used more and thus a higher demand for it. Simple supply and demand ration. Right? [post 1 of 2....stay tuned]
11-22-2018 Newshound Guru Adam Montana The difference between the Lotto Pool and the Dinar...is..."luck". There is no "luck" involved, unless you were just lucky to have heard about it before it happens. At some point, we're all going to look back on this and say "Hot DAMN did we get lucky!" - but it's not really luck. Iraq still has a major portion of what is one of the most valuable commodities on the planet. Iraq has been torn down, beaten, and bruised...and then clawed it's way back to a very respectable place. If you're like me, you might be a little annoyed with the wait. But you also realize that the "wait" isn't unreasonable. It only seems like this has taken a long time because unrealistic expectations... Things happen in their own time, not on our time. The magic for us is when those two line up... and the signs are looking favorable.
11-22-2018 Newshound Guru Adam Montana [Please tell us will this colored paper ever RV?] If I didn't believe it would, I would have sold all mine. That is not the case - I'm sitting tight, with my ...Dinar stash close at hand.
11-22-2018 Newshound/Intel Guru Mnt Goat But this higher rate of 120 dinars to the USD is the “market” rate. And so what will the CBI do next. They must maintain the 2% spread between market rate and the program rate. Will they adjust the program rate? This is the rate we really want to see change since the market rate could have massive temporary swings in relation to short-term swings in the currency auctions. So we wait and watch what the CBI does next before we get too excited. [post 2 of 2]
11-22-2018 Newshound/Intel Guru Mnt Goat ...we have rumors coming from Iraq of the dinar rate operating at 120 IQD/USD. Wow! ...This is amazing but before we...get too excited let’s look at what is really happening. ...this is nothing more than the initial shock from the lack of dollars coming out of the currency auctions. We know that when for any reason something effects the sale of dollars in these auctions it drives up the rate for the dinar since the dinar then is used more and thus a higher demand for it. Simple supply and demand ration. Right? [post 1 of 2....stay tuned]
11-22-2018 Newshound Guru Adam Montana The difference between the Lotto Pool and the Dinar...is..."luck". There is no "luck" involved, unless you were just lucky to have heard about it before it happens. At some point, we're all going to look back on this and say "Hot DAMN did we get lucky!" - but it's not really luck. Iraq still has a major portion of what is one of the most valuable commodities on the planet. Iraq has been torn down, beaten, and bruised...and then clawed it's way back to a very respectable place. If you're like me, you might be a little annoyed with the wait. But you also realize that the "wait" isn't unreasonable. It only seems like this has taken a long time because unrealistic expectations... Things happen in their own time, not on our time. The magic for us is when those two line up... and the signs are looking favorable.
11-21-2018 Newshound Guru chattels We have fought the good fight, holding on to faith and good conscience, I think. We shall see what fate has in store for us. Hopefully sooner than later. Either way it would be most excellent to make an end to this journey.
11-21-2018 Newshound Guru Kirk H. Sowell #UPDATE: The Iraqi parliament is set to meet today, but confirmation of nominations to complete Abd al-Mahdi's cabinet (8 ministries are empty) is not on the schedule. There is talk on agreement on the non-security ministries, but even the others will not pass today.
11-21-2018 Intel Guru RayRen98 [via sunny] It's done it's finished! Trial runs have been initiated. We just wait for the call!
11-21-2018 Newshound/Intel Guru Mnt Goat Everyone should be VERY, VERY excited with the news I have to bring you today. The CBI has finally spoken to us and started the re-education campaign. I have a saying “the campaign is followed by the champaign” lol...lol...lol... This recent re-education is telling the citizens how the redenomination of the dinar will work. These articles today are not the end and there is more to come. Does this education sound familiar? It should as it is just like what they did in 2012? In fact, I am comparing the articles from back then and they are almost identical. So go figure. Or does it have the same sound as in late 2015? Oh – if you recall the CBI came out with almost the exact same articles and at the exact some timeframe prior to their proposed actions. In both past instances it was early to mid November for an EARLY new year reinstatement. We can only pray now that they do more forward all the way this time and do not postpone it again.
11-21-2018 Intel Guru Bruce [via PinkRoses] ...(10) tranches of (83) zeros each came from China and went globally around the world to various central banks so they can be distributed money into various banks for use for our exchanges. That is a lot of money...that has been put into the system for our exchanges. We did get confirmation today that Yes there is a new In-Country rate for Iraq. Understand this is the rate available for them on their cards, and the rate comes out at $6.78 in-country... Those cards were used and are being used now in Iraq today... Our rate on the front screens in the banks when we go in for exchanges and redemptions should be higher than that. I have been given an approximate range, but I do not want to go there. Trust me it will be higher than the rate in-country for Iraq. ... we do believe this will be a Thanksgiving weekend to remember.
11-21-2018 Newshound Guru Kaperoni ...Only when the CBI moves off the peg to a float and accepts Article VIII will we see a gradual rise occur.
11-21-2018 Newshound Guru Kirk H. Sowell #UPDATE: The Iraqi parliament is set to meet today, but confirmation of nominations to complete Abd al-Mahdi's cabinet (8 ministries are empty) is not on the schedule. There is talk on agreement on the non-security ministries, but even the others will not pass today.
11-21-2018 Intel Guru RayRen98 [via sunny] It's done it's finished! Trial runs have been initiated. We just wait for the call!
11-21-2018 Newshound/Intel Guru Mnt Goat Everyone should be VERY, VERY excited with the news I have to bring you today. The CBI has finally spoken to us and started the re-education campaign. I have a saying “the campaign is followed by the champaign” lol...lol...lol... This recent re-education is telling the citizens how the redenomination of the dinar will work. These articles today are not the end and there is more to come. Does this education sound familiar? It should as it is just like what they did in 2012? In fact, I am comparing the articles from back then and they are almost identical. So go figure. Or does it have the same sound as in late 2015? Oh – if you recall the CBI came out with almost the exact same articles and at the exact some timeframe prior to their proposed actions. In both past instances it was early to mid November for an EARLY new year reinstatement. We can only pray now that they do more forward all the way this time and do not postpone it again.
11-21-2018 Intel Guru Bruce [via PinkRoses] ...(10) tranches of (83) zeros each came from China and went globally around the world to various central banks so they can be distributed money into various banks for use for our exchanges. That is a lot of money...that has been put into the system for our exchanges. We did get confirmation today that Yes there is a new In-Country rate for Iraq. Understand this is the rate available for them on their cards, and the rate comes out at $6.78 in-country... Those cards were used and are being used now in Iraq today... Our rate on the front screens in the banks when we go in for exchanges and redemptions should be higher than that. I have been given an approximate range, but I do not want to go there. Trust me it will be higher than the rate in-country for Iraq. ... we do believe this will be a Thanksgiving weekend to remember.
11-21-2018 Newshound Guru Kaperoni ...Only when the CBI moves off the peg to a float and accepts Article VIII will we see a gradual rise occur.
11-20-2018 Newshound/Intel Guru Mnt Goat Article: "AGREEMENT TO RESUME THE EXPORT OF KIRKUK OIL BETWEEN THE IRAQI GOVERNMENT AND THE KURDISTAN REGION" Okay so let’s now look at HCL. We know the legislation is passed in parliament and the % is stated of “excess oil revenues”. The first payment was supposed to happen in early September but did not due to the new administration. It was postponed again until EARLY 2019. Sleh told us in an article that it would coincide with the release of some money from the billions in the Iraqi sovereign fund.
11-20-2018 Intel Guru Footforward The value of the dinar didn't go down over time. It happened instantly. It's going to go up instantly too.
11-20-2018 Intel Guru Frank26 [via Clare] Potus wants to deal with Iran & Mahdi is doing it for him... POTUS going to beat MR senseless on Mahdi... POTUS brokered export of Oil with Kurkut dealing with that & HCL...He wants citizens to get their share of wealth ...Iraq about to be flooded with Oil companies & jobs. Investment Law being pushed of precious minerals & metals to bring companies to establish mining in Iraq...more wealth...under HCL.
11-20-2018 Newshound Guru ChrisC Article quote: "The central Bank of Iraq, on Monday, unveiled the details of the "Currency structuring" project, which aims to eliminate 3 zeros, to facilitate currency trading." I am reading this and it sure sounds like the 2nd article. Is it not? I am wondering if Trump has already been over there for a congratulatory photo op and maybe we wake up to this and an announcement of the new asset backed currency. What do you think?
11-20-2018 Intel Guru Delta Article: "Structuring of the currency: the Central Bank is preparing to delete 3 zeros from the Iraqi currency" Quotes: "the draft currency structure aims to delete three zeros to turn the category of a thousand dinars to one dinar, while replacing the thousand dinars in the place of one million dinars."; "...stressing that "this project must be implemented despite the obstacles that led to the postponement."
11-20-2018 Newshound/Intel Guru Walkingstick 12 ------> 9 ...Trillions to Billions ...RD coupled with RV...moving forward -----> RI... Follow, the Turkmenistan model...
11-20-2018 Newshound Guru MilitiaMan [I believe Dr. Shabibi stated that the best time to revalue a currency is at the beginning of the year.] Yes that was many years ago and Alak is at the helm today, and not only times are different now but, circumstances are much better now than then... imo.
11-20-2018 Intel Guru Footforward The value of the dinar didn't go down over time. It happened instantly. It's going to go up instantly too.
11-20-2018 Intel Guru Frank26 [via Clare] Potus wants to deal with Iran & Mahdi is doing it for him... POTUS going to beat MR senseless on Mahdi... POTUS brokered export of Oil with Kurkut dealing with that & HCL...He wants citizens to get their share of wealth ...Iraq about to be flooded with Oil companies & jobs. Investment Law being pushed of precious minerals & metals to bring companies to establish mining in Iraq...more wealth...under HCL.
11-20-2018 Newshound Guru ChrisC Article quote: "The central Bank of Iraq, on Monday, unveiled the details of the "Currency structuring" project, which aims to eliminate 3 zeros, to facilitate currency trading." I am reading this and it sure sounds like the 2nd article. Is it not? I am wondering if Trump has already been over there for a congratulatory photo op and maybe we wake up to this and an announcement of the new asset backed currency. What do you think?
11-20-2018 Intel Guru Delta Article: "Structuring of the currency: the Central Bank is preparing to delete 3 zeros from the Iraqi currency" Quotes: "the draft currency structure aims to delete three zeros to turn the category of a thousand dinars to one dinar, while replacing the thousand dinars in the place of one million dinars."; "...stressing that "this project must be implemented despite the obstacles that led to the postponement."
11-20-2018 Newshound/Intel Guru Walkingstick 12 ------> 9 ...Trillions to Billions ...RD coupled with RV...moving forward -----> RI... Follow, the Turkmenistan model...
11-20-2018 Newshound Guru MilitiaMan [I believe Dr. Shabibi stated that the best time to revalue a currency is at the beginning of the year.] Yes that was many years ago and Alak is at the helm today, and not only times are different now but, circumstances are much better now than then... imo.
11-19-2018 Newshound/Intel Guru Mnt Goat Article: "AGREEMENT TO RESUME THE EXPORT OF KIRKUK OIL BETWEEN THE IRAQI GOVERNMENT AND THE KURDISTAN REGION" Oh boy! This was music to my ears when I heard this news. We have been waiting for this news. This is article 140 referendum implementation even though parliament has not yet passed it. Wow! Like I keep telling everyone we have been waiting for this to happen.
11-19-2018 Newshound Guru MilitiaMan Well the HCL of course...not to mention the citizens getting paid and possibly on International Master Cards, but, the money from all sales through the country will need a safe and secure way to settle payments.. Not just from the retail side of things but for very large payments by Oil Sales, and that the IBAN account will apparently be used in that process of clearing payments. ... They are methodically playing this hand to the T... they are showing that they have in place mechanisms now to cease the Auctions, as we know them. So this is all looking so very sweet. Wednesday this week is a powerful day for...Mahdi seating Cab [cabinet], possibly 2019 Budget and Alak in Parliament again... IF those are correct, they should be somethings to watch for.. imo. [post 2 of 2]
11-19-2018 Newshound Guru MilitiaMan Article quote: "Adoption of the unified banking number (IBAN) which contributes to improving the level of banking services and clearing services and settling payments locally and internationally." IBAN stands for International Bank Account Number. Now to Prime Minister Mahdi...has his expertise and many years of it and include Oil Minister and Finance Minster and now Prime Minister of Iraq. He has been around since the origination of the Paris Club, and had good relationship with the Kurds. Now we see the Kurds are happy, as they turned the oil back on through Ceyan Port to Turkey...back up to 500k barrels a day, as of this weekend... Why do I bring that up? [post 1 of 2....stay tuned]
11-19-2018 Intel Guru Frank26 Article: "Trump plans to visit Iraq" Quote: "US President Donald Trump said on Monday he plans to visit Iraq and Afghanistan in the future." "I have several plans, including the visit of US soldiers in Iraq and Afghanistan," ...LAST MONDAY...A WEEK AGO... WE... SUGGESTED IMO...THAT THIS WAS GOING TO HAPPEN...
11-19-2018 Newshound/Intel Guru Mnt Goat Article: "The Iraqi market for securities announced the launch of the circulation of national bonds issued by the Central Bank of Iraq category five million dinars." To me this means the intent if to be sold to Iraqi investors inside Iraq. It says absolutely NOTHING about selling these bonds on the international securities markets. ...So if you want to buy any of these bonds ou will have to go Iraq and trade within the Iraqi Securities Exchange. The exchange is NOT yet international...It is not all about the RV or a sign the RV is about to happen. We know from the past they sold bonds before and did we get an RV? NO! The significance of it is that they are now trading them directly on their own in-country securities market. Is this good news for us? Yes, yes, and yes, but is only one step closer to what we want. What we need is for their securities exchange market to go international. Then I would agree that this is BIG news. But not quite yet.
11-19-2018 Newshound/Intel Guru Randy Koonce I have been blessed with sources in several of the the well known 3 letter agencies. It seems that at least for now, all of my sources are once again saying the same thing. Our window is ‘wide open’ beginning right now though the end of November. Even if we don’t see it by then, that does not mean the window closes, but will simply remain open longer than we were told, and through the end of the year. Because of the sanctions on Iran, there is additional pressure for this to happen as soon as possible. It also seems that the plan is to reinstate the currency between $1- $2...then by the end of the year, to have it ‘established’ at the rate they plan to hold it at for some time. When we see a rate change, you will want to weigh you options and how you want to proceed based these suggested possibilities. ...we are in the final stages of this... I know this administration wants this to be over and now... so we are close...closer than we have ever been in a very long time. So, hang in there...It’s coming, one way or the other!! Breathe. [post 2 of 2]
11-19-2018 Newshound/Intel Guru Randy Koonce Well, it seems that the “USS Dinar” continues to sail. However, it does look like this ship is about to hopefully arrive in port very soon... First, are we [we are?] in a new window of opportunity ‘right now’. And I am sure that everyone is like me, and hoping that this will be our last window. When I say that, it again does not mean it will happen without a doubt in this current window; it does mean that there is a very good chance for the rate to finally change. The pressure for this to take place continues to be very great. ...Iraq has a new prime minister and nearly all of the cabinet seated. While there have been a lot of rumors flying about who is and who is not over the CBI right now, I do not believe that will impact ‘the event’ that appears to have been finally scheduled. [post 1 of 2....stay tuned]
11-19-2018 Newshound/Intel Guru Mnt Goat Article quote: "...parliament is moving to take measures TO RESTORE THE INDEPENDENCE OF THE CENTRAL BANK." I did not know the CBI lost its independence. Didn’t parliament pass a law last year establishing the independence of the CBI? So what is this all about? Will the CBI then be able to reinstate the currency too as needed? Quote: "the Governor of the Central Bank bears waste more than 7 Billion Iraqi dinars in circumstances attributed to the floods previously flooded the province of Baghdad. " Alak was not the governor of the CBI in 2013, the time of the incident….hello! ...But Alak did see the country thru the war with ISIS and managed the funds appropriately.
11-19-2018 Newshound Guru MilitiaMan Well the HCL of course...not to mention the citizens getting paid and possibly on International Master Cards, but, the money from all sales through the country will need a safe and secure way to settle payments.. Not just from the retail side of things but for very large payments by Oil Sales, and that the IBAN account will apparently be used in that process of clearing payments. ... They are methodically playing this hand to the T... they are showing that they have in place mechanisms now to cease the Auctions, as we know them. So this is all looking so very sweet. Wednesday this week is a powerful day for...Mahdi seating Cab [cabinet], possibly 2019 Budget and Alak in Parliament again... IF those are correct, they should be somethings to watch for.. imo. [post 2 of 2]
11-19-2018 Newshound Guru MilitiaMan Article quote: "Adoption of the unified banking number (IBAN) which contributes to improving the level of banking services and clearing services and settling payments locally and internationally." IBAN stands for International Bank Account Number. Now to Prime Minister Mahdi...has his expertise and many years of it and include Oil Minister and Finance Minster and now Prime Minister of Iraq. He has been around since the origination of the Paris Club, and had good relationship with the Kurds. Now we see the Kurds are happy, as they turned the oil back on through Ceyan Port to Turkey...back up to 500k barrels a day, as of this weekend... Why do I bring that up? [post 1 of 2....stay tuned]
11-19-2018 Intel Guru Frank26 Article: "Trump plans to visit Iraq" Quote: "US President Donald Trump said on Monday he plans to visit Iraq and Afghanistan in the future." "I have several plans, including the visit of US soldiers in Iraq and Afghanistan," ...LAST MONDAY...A WEEK AGO... WE... SUGGESTED IMO...THAT THIS WAS GOING TO HAPPEN...
11-19-2018 Newshound/Intel Guru Mnt Goat Article: "The Iraqi market for securities announced the launch of the circulation of national bonds issued by the Central Bank of Iraq category five million dinars." To me this means the intent if to be sold to Iraqi investors inside Iraq. It says absolutely NOTHING about selling these bonds on the international securities markets. ...So if you want to buy any of these bonds ou will have to go Iraq and trade within the Iraqi Securities Exchange. The exchange is NOT yet international...It is not all about the RV or a sign the RV is about to happen. We know from the past they sold bonds before and did we get an RV? NO! The significance of it is that they are now trading them directly on their own in-country securities market. Is this good news for us? Yes, yes, and yes, but is only one step closer to what we want. What we need is for their securities exchange market to go international. Then I would agree that this is BIG news. But not quite yet.
11-19-2018 Newshound/Intel Guru Randy Koonce I have been blessed with sources in several of the the well known 3 letter agencies. It seems that at least for now, all of my sources are once again saying the same thing. Our window is ‘wide open’ beginning right now though the end of November. Even if we don’t see it by then, that does not mean the window closes, but will simply remain open longer than we were told, and through the end of the year. Because of the sanctions on Iran, there is additional pressure for this to happen as soon as possible. It also seems that the plan is to reinstate the currency between $1- $2...then by the end of the year, to have it ‘established’ at the rate they plan to hold it at for some time. When we see a rate change, you will want to weigh you options and how you want to proceed based these suggested possibilities. ...we are in the final stages of this... I know this administration wants this to be over and now... so we are close...closer than we have ever been in a very long time. So, hang in there...It’s coming, one way or the other!! Breathe. [post 2 of 2]
11-19-2018 Newshound/Intel Guru Randy Koonce Well, it seems that the “USS Dinar” continues to sail. However, it does look like this ship is about to hopefully arrive in port very soon... First, are we [we are?] in a new window of opportunity ‘right now’. And I am sure that everyone is like me, and hoping that this will be our last window. When I say that, it again does not mean it will happen without a doubt in this current window; it does mean that there is a very good chance for the rate to finally change. The pressure for this to take place continues to be very great. ...Iraq has a new prime minister and nearly all of the cabinet seated. While there have been a lot of rumors flying about who is and who is not over the CBI right now, I do not believe that will impact ‘the event’ that appears to have been finally scheduled. [post 1 of 2....stay tuned]
11-19-2018 Newshound/Intel Guru Mnt Goat Article quote: "...parliament is moving to take measures TO RESTORE THE INDEPENDENCE OF THE CENTRAL BANK." I did not know the CBI lost its independence. Didn’t parliament pass a law last year establishing the independence of the CBI? So what is this all about? Will the CBI then be able to reinstate the currency too as needed? Quote: "the Governor of the Central Bank bears waste more than 7 Billion Iraqi dinars in circumstances attributed to the floods previously flooded the province of Baghdad. " Alak was not the governor of the CBI in 2013, the time of the incident….hello! ...But Alak did see the country thru the war with ISIS and managed the funds appropriately.
11-18-2018 Newshound Guru MilitiaMan Article: "The Stock Market Announces The Launch Of National Bond Trading" Quote: "The bonds will be launched on November 18 this year, for the first time in the Iraqi market for securities," They look to be international as I see it, and they are primarily for those that have very big money! Not for the little guy.. imo.. That is imo a good thing. Qualified Institutional Buyer's - (QIB).
11-18-2018 Newshound Guru Kaperoni There is over 42 trillion dinar outside the CBI. And there has been no reduction so far. If the dinar is going to appreciate in value the money supply must be reduced. The only way it could happen would be gradually...thus a float is the only real option. 42 Trillion dinar is a substantial amount...the U.S. only has about 1.2 trillion circulating around the world. No way could Iraq support a money supply 40 times the U.S. If a float is the solution, the dinar can rise gradually over time, as money comes into the Iraqi banks it can be collected and destroyed thus reducing the money supply from Trillions to Billions.
A RV or RI is not possible.
11-18-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANKS SHOULD CONSIDER ISSUING DIGITAL MONEY (electronic form NOT crypto currency), IMF'S LAGARDE SAYS" ...Lagarde is NOT talking about crypto currencies. She is talking about electronic currency much like the USA already adopted...the IMF wants other nations too to go more electronic. We have seen this effort in Iraq to convert them and it is successful and allows them to use the smaller category notes and moves them into the situation where they can even eventually issued more even smaller category notes.
11-18-2018 Newshound Guru Adam Montana ...Lots of great arguments for both this year and early 2019... I'll be happy with either, but root for a Christmas RV.
11-18-2018 Newshound/Intel Guru Mnt Goat Article: "Prime Minister Adel Abdul Mahdi, told President Barham Saleh that he would resign if the appointment process continues to sell ministries between the political blocs in his government." So now we know the hold up in getting the remaining ministers. Will they conduct the scheduled announcement and voting of the last 4 ministers next Tuesday Nov 20th or will this too be held up longer? Just in...The next session moved to Monday, 19/11 at one o’clock.” Go figure!
11-18-2018 Newshound/Intel Guru RVAlready Maliki is a bad guy. Unfortunately, lots of folks in Iraq respect him. ...I am sure Iran has some part in this. Nobody who is former PM or president of a country is easy to totally remove. They essentially have immunity for life, and they will always have followers. Hopefully, this will stop soon. I think Mahdi and Allaq will win the day... The bull is probably so thick right now, because the bad guys sense that Madhi and Allaq are about to win the day...The bad guys are just trying to sow confusion and dissent. [post 2 of 2]
11-18-2018 Newshound/Intel Guru RVAlready The bull is flying in Iraq today: Allaq and Mahdi are both resigning. (Yeah right). And I have a piece of swampland in a national park to sell you for $15 million. ...Allaq cannot be removed for something which happened before his time. I would treat all such rumors as false. Iraq full of bad news sources... Remember, Allaq wants the RV. Maliki threatened to have Shabibi executed for suggesting an RV. There seem to be players who do not want a technocratic government, and who do not want an RV. We have seen this before from Iraq. Some folks there want to take Iraq back to the former, very non-democratic times. [post 1 of 2....stay tuned]
11-18-2018 Newshound Guru Kaperoni There is over 42 trillion dinar outside the CBI. And there has been no reduction so far. If the dinar is going to appreciate in value the money supply must be reduced. The only way it could happen would be gradually...thus a float is the only real option. 42 Trillion dinar is a substantial amount...the U.S. only has about 1.2 trillion circulating around the world. No way could Iraq support a money supply 40 times the U.S. If a float is the solution, the dinar can rise gradually over time, as money comes into the Iraqi banks it can be collected and destroyed thus reducing the money supply from Trillions to Billions.
A RV or RI is not possible.
11-18-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANKS SHOULD CONSIDER ISSUING DIGITAL MONEY (electronic form NOT crypto currency), IMF'S LAGARDE SAYS" ...Lagarde is NOT talking about crypto currencies. She is talking about electronic currency much like the USA already adopted...the IMF wants other nations too to go more electronic. We have seen this effort in Iraq to convert them and it is successful and allows them to use the smaller category notes and moves them into the situation where they can even eventually issued more even smaller category notes.
11-18-2018 Newshound Guru Adam Montana ...Lots of great arguments for both this year and early 2019... I'll be happy with either, but root for a Christmas RV.
11-18-2018 Newshound/Intel Guru Mnt Goat Article: "Prime Minister Adel Abdul Mahdi, told President Barham Saleh that he would resign if the appointment process continues to sell ministries between the political blocs in his government." So now we know the hold up in getting the remaining ministers. Will they conduct the scheduled announcement and voting of the last 4 ministers next Tuesday Nov 20th or will this too be held up longer? Just in...The next session moved to Monday, 19/11 at one o’clock.” Go figure!
11-18-2018 Newshound/Intel Guru RVAlready Maliki is a bad guy. Unfortunately, lots of folks in Iraq respect him. ...I am sure Iran has some part in this. Nobody who is former PM or president of a country is easy to totally remove. They essentially have immunity for life, and they will always have followers. Hopefully, this will stop soon. I think Mahdi and Allaq will win the day... The bull is probably so thick right now, because the bad guys sense that Madhi and Allaq are about to win the day...The bad guys are just trying to sow confusion and dissent. [post 2 of 2]
11-18-2018 Newshound/Intel Guru RVAlready The bull is flying in Iraq today: Allaq and Mahdi are both resigning. (Yeah right). And I have a piece of swampland in a national park to sell you for $15 million. ...Allaq cannot be removed for something which happened before his time. I would treat all such rumors as false. Iraq full of bad news sources... Remember, Allaq wants the RV. Maliki threatened to have Shabibi executed for suggesting an RV. There seem to be players who do not want a technocratic government, and who do not want an RV. We have seen this before from Iraq. Some folks there want to take Iraq back to the former, very non-democratic times. [post 1 of 2....stay tuned]
11-17-2018 Newshound/Intel Guru Mnt Goat Again I am telling you that besides other reasons, the best chances we have of getting the CBI to move ahead with the reinstatement is NOT to have Iran involved in this new government. ...The only time Iraq has a chance of having true peace within Iraq is to bring these crooked politicians at all levels of the government, no matter how high up, to justice.
11-17-2018 Intel Guru Frank26 [via Sunkissed] THEIR BONDS...FROM THEIR NATION ARE GOING TO BE SOLD INTERNATIONALLY! They were made in 2017 and they did not sell them. They held them in 2017 until RIGHT NOW...They are going to sell them through the Iraqi Stock Exchange. NOW. ...Why now? Because the reinstatement of the Iraqi dinar was not ready last year, when they printed them. They stopped. And they are NOW going to sell them on the 18th of November 2018. Why? ...almost done...Time is near.
11-17-2018 Intel Guru Frank26 ...They’re lifting the 3-zeros Family. THERE IS NO DENIAL. They’re also now telling you that the Iraqi Stock Exchange is about to sell INTERNATIONAL - INTERNATIONAL -INTERNATIONAL BONDS! THEIR BONDS FROM THEIR NATION ARE GOING TO BE SOLD INTERNATIONALLY!"
11-17-2018 Intel Guru RayRen98 Cbi has come out tonight [Friday] and stated they have not removed alaq and he is still the gov of the cbi they r saying reports r not true of a new cbi gov.
11-17-2018 Newshound Guru ChrisC Article: "Washington: We will press Baghdad to distribute wealth to Iraqis" This is SO what we have been needing to hear. When Trump says you are rich and he is going to "pressure" you, you can get ready because he has apparently had enough of their BS. ...We saw one exodus some time ago of the worst corrupt and I bet we are getting ready to see another. Once that happens, they should be ready to play ball.
11-17-2018 Newshound Guru Kaperoni Breaking News...it appears that new PM Mahdi has sacked the CBI Gov Ali al-Allaq. If true and Ali al-Allaq has been removed history of this position has proven that it causes a delay and monetary policy which is not good news for all of us waiting for Iraq to engage their banking system with the world financial system. It also could have an impact on compliance with the IMF. When previous Central Bank Governors were removed the spread went significantly outside the 2% requirement. Unless Mahdi plans to bring back Shabibi (doubtful) there will be a period of instability in Iraq thus possibly causing the dinar to fall out of compliance. Setback for sure. This is the second time we have been close to the beginning of currency reform. Could end up being a sad day delaying months if not longer. PM Mahdi is pro reform and is clearly aware of the urgency to rebuild, create jobs and invite investment so I remain hopeful for now.
11-17-2018 Intel Guru Frank26 [via Sunkissed] THEIR BONDS...FROM THEIR NATION ARE GOING TO BE SOLD INTERNATIONALLY! They were made in 2017 and they did not sell them. They held them in 2017 until RIGHT NOW...They are going to sell them through the Iraqi Stock Exchange. NOW. ...Why now? Because the reinstatement of the Iraqi dinar was not ready last year, when they printed them. They stopped. And they are NOW going to sell them on the 18th of November 2018. Why? ...almost done...Time is near.
11-17-2018 Intel Guru Frank26 ...They’re lifting the 3-zeros Family. THERE IS NO DENIAL. They’re also now telling you that the Iraqi Stock Exchange is about to sell INTERNATIONAL - INTERNATIONAL -INTERNATIONAL BONDS! THEIR BONDS FROM THEIR NATION ARE GOING TO BE SOLD INTERNATIONALLY!"
11-17-2018 Intel Guru RayRen98 Cbi has come out tonight [Friday] and stated they have not removed alaq and he is still the gov of the cbi they r saying reports r not true of a new cbi gov.
11-17-2018 Newshound Guru ChrisC Article: "Washington: We will press Baghdad to distribute wealth to Iraqis" This is SO what we have been needing to hear. When Trump says you are rich and he is going to "pressure" you, you can get ready because he has apparently had enough of their BS. ...We saw one exodus some time ago of the worst corrupt and I bet we are getting ready to see another. Once that happens, they should be ready to play ball.
11-17-2018 Newshound Guru Kaperoni Breaking News...it appears that new PM Mahdi has sacked the CBI Gov Ali al-Allaq. If true and Ali al-Allaq has been removed history of this position has proven that it causes a delay and monetary policy which is not good news for all of us waiting for Iraq to engage their banking system with the world financial system. It also could have an impact on compliance with the IMF. When previous Central Bank Governors were removed the spread went significantly outside the 2% requirement. Unless Mahdi plans to bring back Shabibi (doubtful) there will be a period of instability in Iraq thus possibly causing the dinar to fall out of compliance. Setback for sure. This is the second time we have been close to the beginning of currency reform. Could end up being a sad day delaying months if not longer. PM Mahdi is pro reform and is clearly aware of the urgency to rebuild, create jobs and invite investment so I remain hopeful for now.
11-16-2018 Newshound Guru ChrisC Article: "The central bank reveals the amount of cash and gold reserves currently in Iraq" Quotes: "there is no intention at the present time to issue any new category and existing categories that cover the need of local Iraq."; "Iraq has plans and strategies that it is working on periodically to make adjustments to the currency and pull the damaged from public markets and replace it with a new one," Remember what [Guru] Walkingstick's firm got them to clearly admit. This is beginning to feel like Kuwait. Wasn't it them that said they couldn't RV for a year and did it the next day?
11-16-2018 Newshound Guru Kaperoni In order for Iraq to engage its banking system with the world's financial system It's a combination of government effort and financial stability/compliance. And again as we stated several months ago a new government would need to be formed, stability and security would have to be proven as well as any other legal or laws necessary to perpetuate the investment process. That being said there is a sense of urgency in Iraq to move Iraq forward now rather than later because Iraq needs money to rebuild and private investment is that solution. ...bringing an influx of capital into a country will create substantial inflationary pressure through the CBI capital account...this has to be accounted for and that's why the CBI must move off of the peg to a float prior to such action. [post 3 of 3]
11-16-2018 Newshound Guru Kaperoni ...in order for the dinar to go up in value several other things must occur the Central Bank of Iraq for one has to rebuild the banking sector. ...the central bank has to meet the conditions set forth by the IMF. And...they must be in compliance in order to move from Article XIV to Article VIII. This compliance has not been achieved since 2012. And this compliance started again in March of 2018. Back then I told everyone that there would be a minimum of a 90-day window and which the CBI needed to hold such compliance ...it's in writing and factual. Since then the CBI has done an excellent job maintaining the 2% compliance requirement to move to Article VIII under difficult circumstances within the country, this doesn't mean they will move today or tomorrow because other factors still exist which could still hold this up. [post 2 of 3....stay tuned]
11-16-2018 Newshound Guru Kaperoni The latest...annual Article IV Consultation...done last September clearly states..."The authorities have appropriately maintained the exchange rate peg." This was done to help accomplish exchange rate stability in Iraq thus allowing the CBI to get in compliance. ...telling people the dinar is already on a managed float...is outright false and not what is going on regarding monetary policy at this time. The CBI is working hard to meet compliance so that they can move forward and engage their banking system with the world. [post 1 of 3....stay tuned]
11-16-2018 Intel Guru Bruce I am not a huge fan of this on the weekend, but banks do like the weekend. They like the idea of Saturday. Are we going to go before Thanksgiving which is Thursday? I believe so. Yes, I do believe that is true. We have heard to be fully funded, to have money to spend for Black Friday/Thanksgiving...we should have this any day now literally. I can’t say it is definite. [post 2 of 2]
11-16-2018 Intel Guru Bruce ...I do not use the S word very often, but I do believe this is very soon. ...We have heard about some time frames like 72 hours from the time that the USTN went asset back which was Tuesday. So 72 hours from Tuesday afternoon at 3:15pm. Could we see something then by that time? Quite possibly. The Redemption Centers ...are essentially are on high alert starting tomorrow [Friday] afternoon. We also know that the Dinar and Dong which are looking blacked out now are supposed to be up by Saturday afternoon/evening...we supposed to have those two currencies rates show. [post 1 of 2....stay tuned]
11-16-2018 Intel Guru Frank62 ...It's one thing to test fractional banking internally but completely different introducing @ onset of banking with the IQD... ISX was testing an offline platform...with USA stock exchange, (don't think a PR rate) also with European Exchanges, ME Exchanges, Arabic Exchanges & Asian Bourse... It's happening right before our eyes whether we can see it or not! ...our sharing is weeks ahead! Just because we don't see it doesn't mean it's not happening! [post 2 of 2]
11-16-2018 Intel Guru Frank26 [via Clare] They tested, tried, the lifting of the 3 zeros for 4 years @ a dual exchange rate...the program rate we see & the 1- 1 we don't see....(articles prove this)...Based on what we read, that rate has well exceeded 1-1. ...more reasons, for more calculations, that have been tested successfully to calculate fractional banking - the ISX - marketplace will need and use fils...right now these and more calculations are all about accounting & math of the lifting of the 3 zeros... ISX going International... as Articles said! ...LAUNCHING the RI with NO mistakes! [post 1 of 2....stay tuned]
11-16-2018 Newshound Guru Kaperoni In order for Iraq to engage its banking system with the world's financial system It's a combination of government effort and financial stability/compliance. And again as we stated several months ago a new government would need to be formed, stability and security would have to be proven as well as any other legal or laws necessary to perpetuate the investment process. That being said there is a sense of urgency in Iraq to move Iraq forward now rather than later because Iraq needs money to rebuild and private investment is that solution. ...bringing an influx of capital into a country will create substantial inflationary pressure through the CBI capital account...this has to be accounted for and that's why the CBI must move off of the peg to a float prior to such action. [post 3 of 3]
11-16-2018 Newshound Guru Kaperoni ...in order for the dinar to go up in value several other things must occur the Central Bank of Iraq for one has to rebuild the banking sector. ...the central bank has to meet the conditions set forth by the IMF. And...they must be in compliance in order to move from Article XIV to Article VIII. This compliance has not been achieved since 2012. And this compliance started again in March of 2018. Back then I told everyone that there would be a minimum of a 90-day window and which the CBI needed to hold such compliance ...it's in writing and factual. Since then the CBI has done an excellent job maintaining the 2% compliance requirement to move to Article VIII under difficult circumstances within the country, this doesn't mean they will move today or tomorrow because other factors still exist which could still hold this up. [post 2 of 3....stay tuned]
11-16-2018 Newshound Guru Kaperoni The latest...annual Article IV Consultation...done last September clearly states..."The authorities have appropriately maintained the exchange rate peg." This was done to help accomplish exchange rate stability in Iraq thus allowing the CBI to get in compliance. ...telling people the dinar is already on a managed float...is outright false and not what is going on regarding monetary policy at this time. The CBI is working hard to meet compliance so that they can move forward and engage their banking system with the world. [post 1 of 3....stay tuned]
11-16-2018 Intel Guru Bruce I am not a huge fan of this on the weekend, but banks do like the weekend. They like the idea of Saturday. Are we going to go before Thanksgiving which is Thursday? I believe so. Yes, I do believe that is true. We have heard to be fully funded, to have money to spend for Black Friday/Thanksgiving...we should have this any day now literally. I can’t say it is definite. [post 2 of 2]
11-16-2018 Intel Guru Bruce ...I do not use the S word very often, but I do believe this is very soon. ...We have heard about some time frames like 72 hours from the time that the USTN went asset back which was Tuesday. So 72 hours from Tuesday afternoon at 3:15pm. Could we see something then by that time? Quite possibly. The Redemption Centers ...are essentially are on high alert starting tomorrow [Friday] afternoon. We also know that the Dinar and Dong which are looking blacked out now are supposed to be up by Saturday afternoon/evening...we supposed to have those two currencies rates show. [post 1 of 2....stay tuned]
11-16-2018 Intel Guru Frank62 ...It's one thing to test fractional banking internally but completely different introducing @ onset of banking with the IQD... ISX was testing an offline platform...with USA stock exchange, (don't think a PR rate) also with European Exchanges, ME Exchanges, Arabic Exchanges & Asian Bourse... It's happening right before our eyes whether we can see it or not! ...our sharing is weeks ahead! Just because we don't see it doesn't mean it's not happening! [post 2 of 2]
11-16-2018 Intel Guru Frank26 [via Clare] They tested, tried, the lifting of the 3 zeros for 4 years @ a dual exchange rate...the program rate we see & the 1- 1 we don't see....(articles prove this)...Based on what we read, that rate has well exceeded 1-1. ...more reasons, for more calculations, that have been tested successfully to calculate fractional banking - the ISX - marketplace will need and use fils...right now these and more calculations are all about accounting & math of the lifting of the 3 zeros... ISX going International... as Articles said! ...LAUNCHING the RI with NO mistakes! [post 1 of 2....stay tuned]
11-15-2018 Newshound Guru Kaperoni [It’s getting hard for me even seeing when or if they are ever going to float. The corruption, the stalling, the bickering/infighting, the incompetence...it is getting really difficult to see them ever getting past it.] Yes it can be frustrating. Keep in mind the IMF, World Bank and others are pushing this reform forward.
11-15-2018 Newshound/Intel Guru Mnt Goat Article: "ALMOST DAILY REPORTS OF THE ARREST OR ELIMINATION OF THE MILITANT GROUP’S TERRORISTS, THEIR LEADERS, SLEEPER CELLS AND HIDEOUTS" ...the SECURITY situation in Iraq is stable but they are still having problems with the ISIS group infiltrating back into Iraq from Syria. But we know we have heard many articles about how SECURE and STABLE Iraq now is so these issues should not be a prohibiting factor in the reinstatement of the dinar.
11-15-2018 Guest Guru Sam I Am ...I didn't sell my dinar because it didn't happen on my time line. I sold because my research led me to the conclusions I'm sharing with you. If I believed it would happen I would hang on for another ten years or more. My research involves economics, IMF docs, history, law etc. Yes they're going to float the dinar in the future just like they're floating it now, via a managed float. ...those articles Kap [Guru Kapaeroni] quotes say that a more flexible policy will lead to an increase. But they mean an increase in the exchange rate not an increase in value. The CBI can adjust the rate any time they deem necessary. Trust me, a year or two from now you'll still be wondering what the hold up is. [post 3 of 3]
11-15-2018 Guest Guru Sam I Am so our main point of disagreement seems to be the feasibility of the IQD floating freely. I maintain that de-pegging would destroy iraq. Kap [Guru Kaperoni] has been saying that [the dinar would float?] since 2012 but he doesn't understand that all of those articles are talking about the managed float that Iraq is currently using...they maintain the peg by manipulating the money supply. [correct and the auctions] yes. so it's already floating ... just not "free floating" like the dollar or the euro. The IMF has already stated that the IQD is rightly valued where it is...bottom line is they back their currency with their foreign currency reserves which is about $50 billion. Divide that by their M1 money supply of 70 trillion and you have a currency that is rightly valued at less than 1/10 of a penny. The low level and the relative stability of inflation do not suggest any significant over- or undervaluation of the Iraqi dinar...the "program rate" isn't an artificially imposed rate but simply the rate used by the IMF for monitoring purposes... [post 2 of 3....stay tuned]
11-15-2018 Guest Guru Sam I Am [Do you think we will ever make any money from the Dinar?] Nobody will get rich from owning dinar. It's possible to make a profit if the CBI decides to raise the value like they did from Nov. 2006 to Jan. 2009... about 25%...but it's very unlikely that they will. But even if that happens the profits won't justify the risk IMO. ...the problem is that most dinar investors have no experience with currency speculation (including me when I got in) and they don't understand how what a revaluation is...By the way, I owned over 8 million...so I've been on both sides...the average dinarian only owns a million or two...so my point is that I owned a lot more than the average guy... the IQD is pegged so it only goes up in value if the CBI decides that it will...they can't de-peg until their economy is diversified to the point that most of their revenues are non-petroleum based... [post 1 of 3....stay tuned]
11-15-2018 Newshound Guru Phillyman Article quote: "...the Prime Minister Adel Abdul Mahdi, told President Barham Saleh that he would resign if the auction continues to sell ministries between the political blocs in his government." Is the article true, accurate? Madhi certainly has his hands full. Who knows by the time you read this maybe all the positions will be filled with moderate, honest politicians. Of course the biq question everyone wants answered is when will the IQD move from its current level. Can we finally agree that no one knows or will know? Does the state of politics even impact that decision? The only person I listen to that makes sense to me is [Guru] Breitling. You won't find an answer to the date question...but you may feel a little better about your investment in Iraq. As insane as this country looks for investment to many I still believe.
11-15-2018 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENT MEETING HELD ON MONDAY, MONETARY POLICY IN THE PRESENCE OF THE GOVERNOR OF THE CENTRAL BANK OF IRAQ ALI ALAK" So we can see the seeds have been sown and many of the newer members of parliament do want the CBI to move ahead with the currency reform. Will the CBI now do it after this meeting with parliament? All the financial news is the best it has been since 2012-2013.
11-15-2018 Newshound/Intel Guru Mnt Goat Article: "ALMOST DAILY REPORTS OF THE ARREST OR ELIMINATION OF THE MILITANT GROUP’S TERRORISTS, THEIR LEADERS, SLEEPER CELLS AND HIDEOUTS" ...the SECURITY situation in Iraq is stable but they are still having problems with the ISIS group infiltrating back into Iraq from Syria. But we know we have heard many articles about how SECURE and STABLE Iraq now is so these issues should not be a prohibiting factor in the reinstatement of the dinar.
11-15-2018 Guest Guru Sam I Am ...I didn't sell my dinar because it didn't happen on my time line. I sold because my research led me to the conclusions I'm sharing with you. If I believed it would happen I would hang on for another ten years or more. My research involves economics, IMF docs, history, law etc. Yes they're going to float the dinar in the future just like they're floating it now, via a managed float. ...those articles Kap [Guru Kapaeroni] quotes say that a more flexible policy will lead to an increase. But they mean an increase in the exchange rate not an increase in value. The CBI can adjust the rate any time they deem necessary. Trust me, a year or two from now you'll still be wondering what the hold up is. [post 3 of 3]
11-15-2018 Guest Guru Sam I Am so our main point of disagreement seems to be the feasibility of the IQD floating freely. I maintain that de-pegging would destroy iraq. Kap [Guru Kaperoni] has been saying that [the dinar would float?] since 2012 but he doesn't understand that all of those articles are talking about the managed float that Iraq is currently using...they maintain the peg by manipulating the money supply. [correct and the auctions] yes. so it's already floating ... just not "free floating" like the dollar or the euro. The IMF has already stated that the IQD is rightly valued where it is...bottom line is they back their currency with their foreign currency reserves which is about $50 billion. Divide that by their M1 money supply of 70 trillion and you have a currency that is rightly valued at less than 1/10 of a penny. The low level and the relative stability of inflation do not suggest any significant over- or undervaluation of the Iraqi dinar...the "program rate" isn't an artificially imposed rate but simply the rate used by the IMF for monitoring purposes... [post 2 of 3....stay tuned]
11-15-2018 Guest Guru Sam I Am [Do you think we will ever make any money from the Dinar?] Nobody will get rich from owning dinar. It's possible to make a profit if the CBI decides to raise the value like they did from Nov. 2006 to Jan. 2009... about 25%...but it's very unlikely that they will. But even if that happens the profits won't justify the risk IMO. ...the problem is that most dinar investors have no experience with currency speculation (including me when I got in) and they don't understand how what a revaluation is...By the way, I owned over 8 million...so I've been on both sides...the average dinarian only owns a million or two...so my point is that I owned a lot more than the average guy... the IQD is pegged so it only goes up in value if the CBI decides that it will...they can't de-peg until their economy is diversified to the point that most of their revenues are non-petroleum based... [post 1 of 3....stay tuned]
11-15-2018 Newshound Guru Phillyman Article quote: "...the Prime Minister Adel Abdul Mahdi, told President Barham Saleh that he would resign if the auction continues to sell ministries between the political blocs in his government." Is the article true, accurate? Madhi certainly has his hands full. Who knows by the time you read this maybe all the positions will be filled with moderate, honest politicians. Of course the biq question everyone wants answered is when will the IQD move from its current level. Can we finally agree that no one knows or will know? Does the state of politics even impact that decision? The only person I listen to that makes sense to me is [Guru] Breitling. You won't find an answer to the date question...but you may feel a little better about your investment in Iraq. As insane as this country looks for investment to many I still believe.
11-15-2018 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENT MEETING HELD ON MONDAY, MONETARY POLICY IN THE PRESENCE OF THE GOVERNOR OF THE CENTRAL BANK OF IRAQ ALI ALAK" So we can see the seeds have been sown and many of the newer members of parliament do want the CBI to move ahead with the currency reform. Will the CBI now do it after this meeting with parliament? All the financial news is the best it has been since 2012-2013.
11-14-2018 Newshound Guru Kaperoni There is no RV or RI...if the dinar appreciates in value it will not happen overnight. That being said, monetary policy will need to change to accommodate investment and that means they will need to float the dinar. Floating the dinar allows the CBI to gradually raise the value to counter inflationary pressure created by an influx of investment. A float can start anytime, but i do not see it rising to equal a dollar for several months if not longer.
11-14-2018 Newshound/Intel Guru Mnt Goat We know that the new asset backed currency rate calculation system introduced in 2012-2013 is generating periodic rates for many of these underdeveloped countries. These rates are pushed down to the banks through this system. Yes, these are real rates but they are not yet implemented. So why does the Iranian Rial all of a sudden show up again with a rate of about $3.90. WOW! This is remember all calculated based on assets and bumped around with neighboring middle eastern countries. This does NOT mean these rate are eminent or will show up LIVE today or tomorrow.
11-14-2018 Newshound/Intel Guru Mnt Goat ...Answer: For only 2 reasons – a. continuance of corruptive banking practices (greed) and corruption and b. political will to execute the “project to delete the zeros”. Again these same politicians are making a...load of money off these fake banks. This is why Dr Shabibi realized the necessity to end these auctions as soon as possible. But the corruption during the Nori al-Maliki administration put a dead stop to this effort. This was the closest the CBI ever got to completing this project to delete the zeros. It has been an uphill battle ever since to do it. [post 2 of 3....stay tuned]
11-14-2018 Newshound/Intel Guru Mnt Goat Article: "IRAN, FEELING SANCTIONS BITE, LOOKS FOR OUTLET IN IRAQ" So what do we know? We know that the US does not want Iraq to use USD to trade with Iran. I have always said these Iraqi currency auctions are now just funneling more money to the terrorist in USD and were set up initially to do just the opposite. So why even continue them then? They are part of the problem. How can this be since they forced Iraq in the past under the sanctions to use only USD thru converting dinar to US dollars thru these currency auctions. Oh – but these sanctions are now lifted and so why does Iraq continue to use these auctions. Answer: [post 1 of 3....stay tuned]
11-14-2018 Newshound/Intel Guru RVAlready The budget has nothing to do with RV timing. I do not think anyone plans a CBI investigation. The fact that the budget is already written in 1:1 numbers, should tell you everyone knows what is happening…. I think this is on a timetable. All the public stuff is just smoke and mirrors, as usual. Remember, this is a new parliament. Allaq reassured them that the MR is going smoothly. He seems to be in control of the MR, and we will see the RV when the date hits. I am hoping the date is this week, or, at the worst, by the end of November.
11-14-2018 Intel Guru Bruce Let’s start with Iraq... we find out tomorrow afternoon [Wednesday] Iraq time...4:30pm to 4:45pm Baghdad time that is 8:30 am to 8:45am Eastern Time things are supposed to be released as far as Iraq is concerned. They may put it out in the Gazette. They may do the Gazette thing which is great, but we are looking for them to release the ATMS with the lower Denoms and also put out a rate on the CBI. There are things that they have held back until we are ready to go...That is something that is supposed to happen tomorrow [Wednesday].
11-14-2018 Newshound/Intel Guru Mnt Goat Article: "FORGED DOCUMENTS FROM 3299 CARICATURES ABLE TO WITHDRAW FUNDS FROM CBI" yet more corruption at the CBI process. These currency auctions must end as they are the source of most of this bank corruption.
11-14-2018 Intel Guru RayRen98 PM Madhi states that the completion of the delivery of the cabinet is in the coming days. Supposedly, a direct quote from PM Abdul-Madhi, "It was necessary to form the government before the end of the constitutional term and the government is strong and hear all the assessments and observations about any minister and we work on a compromise and an agreement to complete the squad in the coming days." [Hmmmmm, "It was necessary to form" sounds like past tense to me, what do you think? Or maybe it's the difference in the English language?] It appears that the CBI Acting-Governor Alak "might" be under official investigation for the disappearance (and/or damage) of seven billion dinar...
11-14-2018 Newshound/Intel Guru Mnt Goat We know that the new asset backed currency rate calculation system introduced in 2012-2013 is generating periodic rates for many of these underdeveloped countries. These rates are pushed down to the banks through this system. Yes, these are real rates but they are not yet implemented. So why does the Iranian Rial all of a sudden show up again with a rate of about $3.90. WOW! This is remember all calculated based on assets and bumped around with neighboring middle eastern countries. This does NOT mean these rate are eminent or will show up LIVE today or tomorrow.
11-14-2018 Newshound/Intel Guru Mnt Goat ...Answer: For only 2 reasons – a. continuance of corruptive banking practices (greed) and corruption and b. political will to execute the “project to delete the zeros”. Again these same politicians are making a...load of money off these fake banks. This is why Dr Shabibi realized the necessity to end these auctions as soon as possible. But the corruption during the Nori al-Maliki administration put a dead stop to this effort. This was the closest the CBI ever got to completing this project to delete the zeros. It has been an uphill battle ever since to do it. [post 2 of 3....stay tuned]
11-14-2018 Newshound/Intel Guru Mnt Goat Article: "IRAN, FEELING SANCTIONS BITE, LOOKS FOR OUTLET IN IRAQ" So what do we know? We know that the US does not want Iraq to use USD to trade with Iran. I have always said these Iraqi currency auctions are now just funneling more money to the terrorist in USD and were set up initially to do just the opposite. So why even continue them then? They are part of the problem. How can this be since they forced Iraq in the past under the sanctions to use only USD thru converting dinar to US dollars thru these currency auctions. Oh – but these sanctions are now lifted and so why does Iraq continue to use these auctions. Answer: [post 1 of 3....stay tuned]
11-14-2018 Newshound/Intel Guru RVAlready The budget has nothing to do with RV timing. I do not think anyone plans a CBI investigation. The fact that the budget is already written in 1:1 numbers, should tell you everyone knows what is happening…. I think this is on a timetable. All the public stuff is just smoke and mirrors, as usual. Remember, this is a new parliament. Allaq reassured them that the MR is going smoothly. He seems to be in control of the MR, and we will see the RV when the date hits. I am hoping the date is this week, or, at the worst, by the end of November.
11-14-2018 Intel Guru Bruce Let’s start with Iraq... we find out tomorrow afternoon [Wednesday] Iraq time...4:30pm to 4:45pm Baghdad time that is 8:30 am to 8:45am Eastern Time things are supposed to be released as far as Iraq is concerned. They may put it out in the Gazette. They may do the Gazette thing which is great, but we are looking for them to release the ATMS with the lower Denoms and also put out a rate on the CBI. There are things that they have held back until we are ready to go...That is something that is supposed to happen tomorrow [Wednesday].
11-14-2018 Newshound/Intel Guru Mnt Goat Article: "FORGED DOCUMENTS FROM 3299 CARICATURES ABLE TO WITHDRAW FUNDS FROM CBI" yet more corruption at the CBI process. These currency auctions must end as they are the source of most of this bank corruption.
11-14-2018 Intel Guru RayRen98 PM Madhi states that the completion of the delivery of the cabinet is in the coming days. Supposedly, a direct quote from PM Abdul-Madhi, "It was necessary to form the government before the end of the constitutional term and the government is strong and hear all the assessments and observations about any minister and we work on a compromise and an agreement to complete the squad in the coming days." [Hmmmmm, "It was necessary to form" sounds like past tense to me, what do you think? Or maybe it's the difference in the English language?] It appears that the CBI Acting-Governor Alak "might" be under official investigation for the disappearance (and/or damage) of seven billion dinar...
[11-13-2018 Newshound/Intel Guru David M. Witty Iraqi PM Abdel-Mahdi in news conference: I will finish forming ministerial cabinet shortly...
11-13-2018 Newshound Guru Kaperoni Central Bank Governor Allaq met with parliament today [Monday] to discuss monetary policy.
11-13-2018 Newshound Guru chattels Article quote: "Governor of the Central Bank of Parliament: We kept the dinar exchange rate against the dollar..." ...there seems to be obvious intentionality at work here. Some would argue that a range of value is being maintained. The 2% variance that Kap [Guru Kaperoni] talks about. Not refering to the 1190, but the market rate. [Side Note: the CBI has maintained the IMF required 2% balance between the Official dinar rate and CBI reported Market rate since ~ March 15, 2018 - You can always see daily CBI dinar rates in the sidebar on the left of this page...]
11-13-2018 Newshound/Intel Guru Mnt Goat ...no one said the change would happen in mid Dec. I only said the re-education to the citizens has to begin before the reinstatement and in time to educate them, enough to do the event. I was told it would begin in late Nov. ...The reinstatement will happen and it is coming.
11-13-2018 Newshound/Intel Guru RVAlready One big thing yesterday. Allaq presented to parliament the advantages of the MR, of which the RV is a major part. Apparently the talk was very well received. Many have speculated that the release date has been determined, and everything we are seeing is just delay until they push the button.
11-13-2018 Newshound Guru chattels Article quote: "...the Prime Minister Adil Abd al-Mahdi will present the rest of his booth including ministerial candidates for Defense and Interior on the 24th November." Most recently it was to be this Thursday, the 15th. Now it is the 24th?
11-13-2018 Newshound/Intel Guru Mnt Goat Article: "MAINTAIN THE EXCHANGE RATE OF THE DINAR AGAINST OTHER CURRENCIES" Quote: "...the central bank balanced between the financial options and managed despite the pressure and impossible goals to maintain the exchange rate of the dinar against other currencies, including the dollar..." ...again the CBI is announcing the ability to keep the exchange rate of the dinar stable... [Side Note: the CBI has maintained the IMF required 2% balance between the Official dinar rate and CBI reported Market rate since ~ March 15, 2018 - See left side bar for daily CBI dinar rates...]
11-13-2018 Newshound Guru Kaperoni Central Bank Governor Allaq met with parliament today [Monday] to discuss monetary policy.
11-13-2018 Newshound Guru chattels Article quote: "Governor of the Central Bank of Parliament: We kept the dinar exchange rate against the dollar..." ...there seems to be obvious intentionality at work here. Some would argue that a range of value is being maintained. The 2% variance that Kap [Guru Kaperoni] talks about. Not refering to the 1190, but the market rate. [Side Note: the CBI has maintained the IMF required 2% balance between the Official dinar rate and CBI reported Market rate since ~ March 15, 2018 - You can always see daily CBI dinar rates in the sidebar on the left of this page...]
11-13-2018 Newshound/Intel Guru Mnt Goat ...no one said the change would happen in mid Dec. I only said the re-education to the citizens has to begin before the reinstatement and in time to educate them, enough to do the event. I was told it would begin in late Nov. ...The reinstatement will happen and it is coming.
11-13-2018 Newshound/Intel Guru RVAlready One big thing yesterday. Allaq presented to parliament the advantages of the MR, of which the RV is a major part. Apparently the talk was very well received. Many have speculated that the release date has been determined, and everything we are seeing is just delay until they push the button.
11-13-2018 Newshound Guru chattels Article quote: "...the Prime Minister Adil Abd al-Mahdi will present the rest of his booth including ministerial candidates for Defense and Interior on the 24th November." Most recently it was to be this Thursday, the 15th. Now it is the 24th?
11-13-2018 Newshound/Intel Guru Mnt Goat Article: "MAINTAIN THE EXCHANGE RATE OF THE DINAR AGAINST OTHER CURRENCIES" Quote: "...the central bank balanced between the financial options and managed despite the pressure and impossible goals to maintain the exchange rate of the dinar against other currencies, including the dollar..." ...again the CBI is announcing the ability to keep the exchange rate of the dinar stable... [Side Note: the CBI has maintained the IMF required 2% balance between the Official dinar rate and CBI reported Market rate since ~ March 15, 2018 - See left side bar for daily CBI dinar rates...]
11-12-2018 Newshound Guru ChrisC ...I believe the vast majority of Iraqi's are good people, and those that are corrupt in power have now been neutered. Corralling all the corruption has certainly taken longer than anyone probably expected, but I do believe we have a pretty firm handle on that now and finally finish the process. I believe they have had a target date in mind for a while now, but we simply have not arrived at that date just yet. Let's see what these next few days/weeks bring us and what they choose to reveal publicly as this year begins to wind down. I think we will all be very happy before too much longer, IMO. [post 2 of 2]
11-12-2018 Newshound Guru ChrisC I have formulated something from one of my favorite literary characters, Sherlock Holmes. Sherlock says “How often have I said to you that when you have eliminated the impossible, whatever remains, however improbable, must be the truth?” ISIS is no longer a problem, there is safety and security, enough that an oil rig operator I know that said he would never go back is going back, a fully formed government (or just about), they have sanctions off of them and assets returned and the full support of the whole World. [post 1 of 2....stay tuned]
11-12-2018 Newshound Guru Kaperoni ...The IQD is not on a managed float but a peg to the dollar...As for a float in the future, the IMF is very clear on this directive as Iraq needs to exit the peg prior to opening their capital account to foreign investment. This is all in the Article IV Consultations... [...if Iraq floated their currency they would go bankrupt.] ...the CBI controls the currency and the amount of currency in circulation just like any other country. Some 200 countries float their currency are they bankrupt? Every single one of us should hope and pray the CBI gives up the peg chooses a new exchange rate regime that is a float and allows the dinar to gradually rise over time as the IMF stated allowing them to reduce the money supply.
11-12-2018 Newshound/Intel Guru Mnt Goat Article: "WHY ARE IRAQ'S KIRKUK OILFIELDS SO IMPORTANT?" Quote: "Iraq’s oilfields in the disputed Kirkuk region have taken on new significance after the United States restored oil sanctions against neighboring Iran. Washington is pressuring Baghdad to resume exports that stopped last year." This is a great insight into Article 140 and the necessity to pass a referendum on it and implement it into law.
11-12-2018 Newshound Guru MilitiaMan ...Pretty sure this all comes out the day before Alak is to be in Parliament.. The day before the UN has a topic on IRaq as well... Did we not recently hear Pompeo and Mnuchin speak in finance and economic circumstance done in IRaq, then Trump and Macron Support the new Mahdi GOI? Yep, Oh and yes the Paris Club... ...Kind interesting that Parliament has the 2019 budget on deck and we learned the payments start for the Paris agreement in 2019... All key items timed so ever accordingly...it should give a calming effect for those that thought this was simply flip the switch already...It is and has been a very complex undertaking that was like and ebb and flow tide. Always moving toward a common ground...I suspect if one is following along, this is starting to show a pattern of motion in more of a one direction specifically, and that is internationalism. imo. [post 2 of 2]
11-12-2018 Newshound Guru MilitiaMan They are telling us they are literally coming on stage internationally. Today they are actively spelling out internationalism based on statements... Quote: "The governor of the Central Bank of Iraq Ali al-Alaq, Sunday 11 November 2018, that the actions taken by the bank was sufficient to move Iraq to the normal follow-up area." That to me means they are just like every well organized bank that is involved in doing international trade. Equal footing if you will. Level playing field!! . Quote: "This new indicator will enable all international financial institutions to open their doors and their relationship with our banking institutions in Iraq..." [post 1 of 2....stay tuned]
11-12-2018 Intel Guru Delta CBI DID NOT REPORT AUCTION FOR TODAY [SUNDAY]!!! [...does that mean the process of canceling auction coming to an end.] WE SHOULD FIND OUT IN THE NEXT 24- 48 HRS...
11-12-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament's schedule for tomorrow does not include voting on unfilled ministerial positions. Iraqi MP says nominees for unfilled minister positions have been decided except for Defense & Interior Ministers. PM wants to avoid announcing names to avoid political attacks. Defense Minister semi-decided but no progress on Interior Minister.
11-12-2018 Newshound Guru ChrisC I have formulated something from one of my favorite literary characters, Sherlock Holmes. Sherlock says “How often have I said to you that when you have eliminated the impossible, whatever remains, however improbable, must be the truth?” ISIS is no longer a problem, there is safety and security, enough that an oil rig operator I know that said he would never go back is going back, a fully formed government (or just about), they have sanctions off of them and assets returned and the full support of the whole World. [post 1 of 2....stay tuned]
11-12-2018 Newshound Guru Kaperoni ...The IQD is not on a managed float but a peg to the dollar...As for a float in the future, the IMF is very clear on this directive as Iraq needs to exit the peg prior to opening their capital account to foreign investment. This is all in the Article IV Consultations... [...if Iraq floated their currency they would go bankrupt.] ...the CBI controls the currency and the amount of currency in circulation just like any other country. Some 200 countries float their currency are they bankrupt? Every single one of us should hope and pray the CBI gives up the peg chooses a new exchange rate regime that is a float and allows the dinar to gradually rise over time as the IMF stated allowing them to reduce the money supply.
11-12-2018 Newshound/Intel Guru Mnt Goat Article: "WHY ARE IRAQ'S KIRKUK OILFIELDS SO IMPORTANT?" Quote: "Iraq’s oilfields in the disputed Kirkuk region have taken on new significance after the United States restored oil sanctions against neighboring Iran. Washington is pressuring Baghdad to resume exports that stopped last year." This is a great insight into Article 140 and the necessity to pass a referendum on it and implement it into law.
11-12-2018 Newshound Guru MilitiaMan ...Pretty sure this all comes out the day before Alak is to be in Parliament.. The day before the UN has a topic on IRaq as well... Did we not recently hear Pompeo and Mnuchin speak in finance and economic circumstance done in IRaq, then Trump and Macron Support the new Mahdi GOI? Yep, Oh and yes the Paris Club... ...Kind interesting that Parliament has the 2019 budget on deck and we learned the payments start for the Paris agreement in 2019... All key items timed so ever accordingly...it should give a calming effect for those that thought this was simply flip the switch already...It is and has been a very complex undertaking that was like and ebb and flow tide. Always moving toward a common ground...I suspect if one is following along, this is starting to show a pattern of motion in more of a one direction specifically, and that is internationalism. imo. [post 2 of 2]
11-12-2018 Newshound Guru MilitiaMan They are telling us they are literally coming on stage internationally. Today they are actively spelling out internationalism based on statements... Quote: "The governor of the Central Bank of Iraq Ali al-Alaq, Sunday 11 November 2018, that the actions taken by the bank was sufficient to move Iraq to the normal follow-up area." That to me means they are just like every well organized bank that is involved in doing international trade. Equal footing if you will. Level playing field!! . Quote: "This new indicator will enable all international financial institutions to open their doors and their relationship with our banking institutions in Iraq..." [post 1 of 2....stay tuned]
11-12-2018 Intel Guru Delta CBI DID NOT REPORT AUCTION FOR TODAY [SUNDAY]!!! [...does that mean the process of canceling auction coming to an end.] WE SHOULD FIND OUT IN THE NEXT 24- 48 HRS...
11-12-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament's schedule for tomorrow does not include voting on unfilled ministerial positions. Iraqi MP says nominees for unfilled minister positions have been decided except for Defense & Interior Ministers. PM wants to avoid announcing names to avoid political attacks. Defense Minister semi-decided but no progress on Interior Minister.
11-11-2018 Newshound Guru tlm724 Article: "Central Bank: Our banking procedures transferred Iraq to the normal follow-up area" Quote: "All of the international financial institutions will be able to open their doors and relationships with our banking institutions in Iraq."
11-11-2018 Intel Guru RayRen98 Electronic cards (possibly considered a national card) were distributed to the citizens of Iraq but no new rates were revealed. Their government is attempting to increase the allocated amounts. Iraqi TV is reporting that the remaining cabinet members will be voted and confirmed on Monday's Parliament session.
11-11-2018 Newshound/Intel Guru Mnt Goat Article: "THE SCANDAL OF THE CENTRAL BANK, WHICH IS PREOCCUPIED WITH THE NAME OF ITS CURRENCY" I really like this article...It is telling the CBI that they put the effort in the wrong direction for currency reform. Instead the effort should be in the value and deleting the zeros. So this is more pressure from more sources to get this project done...
11-11-2018 Newshound Guru MilitiaMan We have recent data that supports they have now over $60 billion in reserves along with about 96.5 tonnes of gold, they have taxes and tariffs that match their 4.6 million barrel out put a day at or over $69.00 a barrel which is far the $56 in the budget for 2019, if I read that correct. So I see support for them coming back to the glory days.. imo.
11-11-2018 Intel Guru RayRen98 Articles are indicating that (once again) HCL agreements have been reached regarding payments to the citizens. [Some are claiming that THIS was the holdup...Time Will Tell]. Iraq TV broadcast a speech by PM Madhi at the Baghdad International Fair indicating his main goal is to return the economy to a favored state with more concentration on the private sector. 17+ countries and over 700 companies are in attendance. The Kurds have reached an agreement on the oil fields in Kirkuk, finalization is expected by the end of November.
11-11-2018 Intel Guru Delta Article: "Qatar offers to use its banks to circumvent sanctions against Iran" HUGE PART!!! Quote: "Even with this exception, Washington has obliged Baghdad to open an account in Iraqi dinars to pay for Iranian imports, a new restriction on remittances between Iraq and Iran". THEY CAN'T DO REMITTANCE BETWEEN IQD AND IRR AND WASHINGTON KNOW THAT. THEY NEED ARTICLE 8 FOR THIS ACTION AND THEY CAN'T MOVE TO ARTICLE 8 WITHOUT LIFTING ZEROS...
11-11-2018 Intel Guru RayRen98 Electronic cards (possibly considered a national card) were distributed to the citizens of Iraq but no new rates were revealed. Their government is attempting to increase the allocated amounts. Iraqi TV is reporting that the remaining cabinet members will be voted and confirmed on Monday's Parliament session.
11-11-2018 Newshound/Intel Guru Mnt Goat Article: "THE SCANDAL OF THE CENTRAL BANK, WHICH IS PREOCCUPIED WITH THE NAME OF ITS CURRENCY" I really like this article...It is telling the CBI that they put the effort in the wrong direction for currency reform. Instead the effort should be in the value and deleting the zeros. So this is more pressure from more sources to get this project done...
11-11-2018 Newshound Guru MilitiaMan We have recent data that supports they have now over $60 billion in reserves along with about 96.5 tonnes of gold, they have taxes and tariffs that match their 4.6 million barrel out put a day at or over $69.00 a barrel which is far the $56 in the budget for 2019, if I read that correct. So I see support for them coming back to the glory days.. imo.
11-11-2018 Intel Guru RayRen98 Articles are indicating that (once again) HCL agreements have been reached regarding payments to the citizens. [Some are claiming that THIS was the holdup...Time Will Tell]. Iraq TV broadcast a speech by PM Madhi at the Baghdad International Fair indicating his main goal is to return the economy to a favored state with more concentration on the private sector. 17+ countries and over 700 companies are in attendance. The Kurds have reached an agreement on the oil fields in Kirkuk, finalization is expected by the end of November.
11-11-2018 Intel Guru Delta Article: "Qatar offers to use its banks to circumvent sanctions against Iran" HUGE PART!!! Quote: "Even with this exception, Washington has obliged Baghdad to open an account in Iraqi dinars to pay for Iranian imports, a new restriction on remittances between Iraq and Iran". THEY CAN'T DO REMITTANCE BETWEEN IQD AND IRR AND WASHINGTON KNOW THAT. THEY NEED ARTICLE 8 FOR THIS ACTION AND THEY CAN'T MOVE TO ARTICLE 8 WITHOUT LIFTING ZEROS...
11-10-2018 Intel/Newshound Guru Poppy3 IF THE FIGURES ARE CORRECT ON THE KUWAIT DINAR BANK EXCHANGE FOR IRAQ AT $4000.00 DINAR = TO $14,000.00 THAT COMPUTES TO APPROXIMATELY $2.89. I KNOW THAT DOESN'T AT THIS TIME EFFECT US BUT THAT RATE IS CONSISTENT TO MOST PROJECTION OF THE THREE DOLLAR RAGE EXPECTED. I AM ENCOURAGED GREATLY ON WHAT IS HAPPENING.
11-10-2018 Intel Guru ADMINBILL I WOULD SAY THAT WE MAY ACTUALLY NEARING AN END TO THE PROCESS...I DON'T HAVE A SPECIFIC TIME FRAME BUT THE FEELING THAT WE ARE MARCHING TO THE DAY WHEN YOUR FINANCIAL SECURITY WILL BE IN THE BANK. SO HANG IN FOR HOWEVER MUCH LONGER THE WAIT IS.
11-10-2018 Newshound/Intel Guru David M. Witty US gives Iraq an exemption to Iranian sanctions for 45 days to allow it to import Iranian gas & electricity. Iraq must develop a plan to ween itself from Iranian imports.
11-10-2018 Newshound/Intel Guru BGG 3) It gives us an idea as to who is was charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki, at that point. Period. Historically – he had been a “weak Dinar” policy advocate. Are they likely to now push this forward? Make note, Mahdi is an actual economist and was one of the Vice Presidents of Iraq from 2005 to 2011. He formerly served as the Finance Minister in the Interim government and Oil Minister from 2014 to 2016 (Wikipedia sourced). There has been a flurry of references to this same aforementioned “project” recently in various news articles. 4) Though no guarantee of a future plan they wind up engaging – this report pointed out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″… [post 3 of 3]
11-10-2018 Newshound/Intel Guru BGG I have often pointed out this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGIR report gives us some VERY valuable insights…1) This was information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. This goes directly to the validity of this venture – against all advice from Wells Fargo or other such naysayers. 2) It points out there had been a legitimate “plan” – or time frame in motion… having been projected to be done in 2013. What the current time frame is now, or what the current plan is – hard to say. [post 2 of 3....stay tuned]
11-10-2018 Newshound/Intel Guru BGG Flashback – The Iraqi Dinar is the official currency of a COUNTRY. For any bank, banker, lawmaker, adviser or official (of any kind) to make the statement “the Dinar is a scam” is JUST... foolish...The Iraqi Dinar is the official currency of a COUNTRY. Numerous times I have pointed to SIGIR Report as guidance. THIS REPORT WAS SENT TO CONGRESS IN MAY of 2012. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO BE VALUED AT AROUND A DOLLAR IN 2013...For ANY member of our Government to say they have no idea what is going on here – means they simply haven’t read some very basic documents presented them. [post 1 of 3....stay tuned]
11-10-2018 Newshound/Intel Guru Mnt Goat I also told you this is multi-facet and there are many parts to it. This is VERY big and complex. So, the CBI needs to get to the reinstatement part and get to a point AGAIN when they can request permission to reinstate. But this is not the final end. Once the permission is given, the CBI then can begin the launch the smaller, smaller category notes (5,10,25,etc) and work their way up to the .83 cents (approx). But as I told you they get the permission and then it is pulled away once they move ahead again. This is an obstacle but remember they also have to proceed with the process first and it is not as simple as getting permission and then the RV appears. There is a process in between. Be patient! [post 2 of 2]
11-10-2018 Newshound/Intel Guru Mnt Goat ... I have been telling you in my “project to delete the zeros” and how it will first get revalued in-country within Iraq (not yet on the currency exchanges). Then up to 2-4 weeks later, once it is stable in Iraq and no hyper-inflation situations arise (checked for inflation), the CBI then intends to unleash the dinar on the international markets, thus requesting the reinstatement. So far they get to a certain point and the project keeps getting put on hold or stalled. So recently we heard that there was the largest busting up of a counterfeit ring within Iraq...we know they need to break up these rings of counterfeiters prior to the RV. [post 1 of 2....stay tuned]
11-10-2018 Intel Guru ADMINBILL I WOULD SAY THAT WE MAY ACTUALLY NEARING AN END TO THE PROCESS...I DON'T HAVE A SPECIFIC TIME FRAME BUT THE FEELING THAT WE ARE MARCHING TO THE DAY WHEN YOUR FINANCIAL SECURITY WILL BE IN THE BANK. SO HANG IN FOR HOWEVER MUCH LONGER THE WAIT IS.
11-10-2018 Newshound/Intel Guru David M. Witty US gives Iraq an exemption to Iranian sanctions for 45 days to allow it to import Iranian gas & electricity. Iraq must develop a plan to ween itself from Iranian imports.
11-10-2018 Newshound/Intel Guru BGG 3) It gives us an idea as to who is was charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki, at that point. Period. Historically – he had been a “weak Dinar” policy advocate. Are they likely to now push this forward? Make note, Mahdi is an actual economist and was one of the Vice Presidents of Iraq from 2005 to 2011. He formerly served as the Finance Minister in the Interim government and Oil Minister from 2014 to 2016 (Wikipedia sourced). There has been a flurry of references to this same aforementioned “project” recently in various news articles. 4) Though no guarantee of a future plan they wind up engaging – this report pointed out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″… [post 3 of 3]
11-10-2018 Newshound/Intel Guru BGG I have often pointed out this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGIR report gives us some VERY valuable insights…1) This was information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. This goes directly to the validity of this venture – against all advice from Wells Fargo or other such naysayers. 2) It points out there had been a legitimate “plan” – or time frame in motion… having been projected to be done in 2013. What the current time frame is now, or what the current plan is – hard to say. [post 2 of 3....stay tuned]
11-10-2018 Newshound/Intel Guru BGG Flashback – The Iraqi Dinar is the official currency of a COUNTRY. For any bank, banker, lawmaker, adviser or official (of any kind) to make the statement “the Dinar is a scam” is JUST... foolish...The Iraqi Dinar is the official currency of a COUNTRY. Numerous times I have pointed to SIGIR Report as guidance. THIS REPORT WAS SENT TO CONGRESS IN MAY of 2012. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO BE VALUED AT AROUND A DOLLAR IN 2013...For ANY member of our Government to say they have no idea what is going on here – means they simply haven’t read some very basic documents presented them. [post 1 of 3....stay tuned]
11-10-2018 Newshound/Intel Guru Mnt Goat I also told you this is multi-facet and there are many parts to it. This is VERY big and complex. So, the CBI needs to get to the reinstatement part and get to a point AGAIN when they can request permission to reinstate. But this is not the final end. Once the permission is given, the CBI then can begin the launch the smaller, smaller category notes (5,10,25,etc) and work their way up to the .83 cents (approx). But as I told you they get the permission and then it is pulled away once they move ahead again. This is an obstacle but remember they also have to proceed with the process first and it is not as simple as getting permission and then the RV appears. There is a process in between. Be patient! [post 2 of 2]
11-10-2018 Newshound/Intel Guru Mnt Goat ... I have been telling you in my “project to delete the zeros” and how it will first get revalued in-country within Iraq (not yet on the currency exchanges). Then up to 2-4 weeks later, once it is stable in Iraq and no hyper-inflation situations arise (checked for inflation), the CBI then intends to unleash the dinar on the international markets, thus requesting the reinstatement. So far they get to a certain point and the project keeps getting put on hold or stalled. So recently we heard that there was the largest busting up of a counterfeit ring within Iraq...we know they need to break up these rings of counterfeiters prior to the RV. [post 1 of 2....stay tuned]
11-9-2018 Newshound Guru chattels Large volume of currency sold at auction...The Central Bank is selling $ 225 million in the currency auction today [Thursday] | 07/11/2018...Typically ( of late ) large volume sales are an effort by the CBI to maintain stability in the rate / value of the dinar against the dollar.
11-9-2018 Newshound Guru MilitiaMan Article: "Documents .. Signatures to distribute the amount of each barrel of oil to the Iraqis" I am not sure how many signatures they'll need, but, the fact that they are collecting them makes me happy as all get out. They get this done, and for all citizens get a slice of every barrel of oil on their cards... Who wouldn't sign it after all these years? Lets not forget the possible motive to put pressure next door, as we watch the unrest. Like we have talked about of recent, the IQD brings purchase power the neighbors are going to be jealous.. imo.
11-9-2018 Newshound/Intel Guru Arthur ...when the HCL is fully implemented in Iraq, an Iraqi citizen must be able to swipe their Qi card and receive monthly oil benefits anywhere in the world in the currency of whatever country they happen to be in. That will require an internationally recognized, revalued currency just as Kuwait has. Once fully implemented, then and only then will we see any significant increase in value in the IQD. [post 2 of 2]
11-9-2018 Newshound/Intel Guru Arthur There is finally something to talk about. Yesterday Fifty deputies signed for the deduction of the amount of each barrel of oil and distribution to each individual Iraqi. This is the long awaited HCL. This event is not just about international Dinarians getting a tremendous return on their investment. It is more about Iraqi citizens being paid from the enormous oil wealth of Iraq. ...oil rich neighbor Kuwait provides their citizens a monthly food supply... If the government can not find a job for a citizen that citizen gets 200 KD ($650) per month until they are employed. If a citizen works in the private sector...they earn 900 KD per month in addition to the salary their employer provides (that’s almost $3,000 USD per month on TOP of their regular salary!). All Children get $200/mo till their 26 years old. The minimum pension is 1000 KWD ($3,000). Healthcare and education are free... [post 1 of 2....stay tuned]
11-9-2018 Intel Guru Bruce ...I know Iraq is looking for some type of approval from the IMF for something regarding Chapter 8. ...My understanding is Chapter 8 is a United Nations thing that takes you from Chapter 7 which they completed to Chapter 8, and I believe is IMF is just acknowledging Chapter 8 from the UN that should take place tomorrow [Friday]. ...I know certain Iraqis that we talk to...that are part of our extended team are indicating that they are excited and they are looking forward to things popping here. ...Realistically they could pull the trigger anytime...it appears we are in a window that should take us into completion by the weekend whether that is tomorrow [Friday], Saturday, or Sunday. We should be there in that time frame. ...I am telling you right now the banks have everything they need in place with rates up to go...
11-9-2018 Newshound Guru MilitiaMan Article: "Documents .. Signatures to distribute the amount of each barrel of oil to the Iraqis" I am not sure how many signatures they'll need, but, the fact that they are collecting them makes me happy as all get out. They get this done, and for all citizens get a slice of every barrel of oil on their cards... Who wouldn't sign it after all these years? Lets not forget the possible motive to put pressure next door, as we watch the unrest. Like we have talked about of recent, the IQD brings purchase power the neighbors are going to be jealous.. imo.
11-9-2018 Newshound/Intel Guru Arthur ...when the HCL is fully implemented in Iraq, an Iraqi citizen must be able to swipe their Qi card and receive monthly oil benefits anywhere in the world in the currency of whatever country they happen to be in. That will require an internationally recognized, revalued currency just as Kuwait has. Once fully implemented, then and only then will we see any significant increase in value in the IQD. [post 2 of 2]
11-9-2018 Newshound/Intel Guru Arthur There is finally something to talk about. Yesterday Fifty deputies signed for the deduction of the amount of each barrel of oil and distribution to each individual Iraqi. This is the long awaited HCL. This event is not just about international Dinarians getting a tremendous return on their investment. It is more about Iraqi citizens being paid from the enormous oil wealth of Iraq. ...oil rich neighbor Kuwait provides their citizens a monthly food supply... If the government can not find a job for a citizen that citizen gets 200 KD ($650) per month until they are employed. If a citizen works in the private sector...they earn 900 KD per month in addition to the salary their employer provides (that’s almost $3,000 USD per month on TOP of their regular salary!). All Children get $200/mo till their 26 years old. The minimum pension is 1000 KWD ($3,000). Healthcare and education are free... [post 1 of 2....stay tuned]
11-9-2018 Intel Guru Bruce ...I know Iraq is looking for some type of approval from the IMF for something regarding Chapter 8. ...My understanding is Chapter 8 is a United Nations thing that takes you from Chapter 7 which they completed to Chapter 8, and I believe is IMF is just acknowledging Chapter 8 from the UN that should take place tomorrow [Friday]. ...I know certain Iraqis that we talk to...that are part of our extended team are indicating that they are excited and they are looking forward to things popping here. ...Realistically they could pull the trigger anytime...it appears we are in a window that should take us into completion by the weekend whether that is tomorrow [Friday], Saturday, or Sunday. We should be there in that time frame. ...I am telling you right now the banks have everything they need in place with rates up to go...
11-8-2018 Intel/Newshound Guru sandyf ...This supposedly international event has only ever been under the US microscope. The Iraqi dinar was not the only speculative investment I got involved with all these years ago and the informational waveform would indicate a connection to a singular event. Earlier this year other entities indicated that there could be some sort of conclusion towards the tail end of this year. We are now weeks away and as yet there has been no backtracking, on previous occasions backtracking came months before the anticipated timeframe...
11-8-2018 Newshound Guru chattels Article: "The House of Representatives raises its meeting to the next Saturday at one o'clock" Parliament met today and adjourned until Saturday.
11-8-2018 Newshound/Intel Guru Mnt Goat Article quote: "The United States has told Iraq it will continue to import vital supplies of gas, energy and food from Iran after Washington reinstates sanctions on Iran’s oil sector, three Iraqi officials said. Exemption from Iraq IS CONTINGENT ON IRAN NOT PAYING THE PRICE OF IMPORTS IN US DOLLARS..." Okay so then how will Iraq pay for the imports? According to the currency auctions this is supposed to be used for this purpose to convert dinars to US dollars and then pay them in dollars. Will they use instead Euros or another currency? Will they use dinars? So we should see the currency auctions going way down after these sanctions kick in. Let’s not do a knee jerk reaction when we see it and claims it’s the RV since now we know what is causing it.
11-8-2018 Newshound Guru Kaperoni ...the dinar is already legal tender throughout the world. Once IMF Article VIII happens it will make banking and acceptance more available. There is no reinstatement the dinar value is what it is and currently 1190 to $1. If the dinar rises it will occur gradually via a new exchange rate regime which will be a float..not some overnight event. [You can always see the current CBI OFFICIAL dinar rate and MARKET rate in the left column of this page.]
11-8-2018 Newshound Guru chattels The Constitution of Iraq does not require three deputies to the President or VP's. There must be at least one and there may be more, but constitutionally speaking no change is necessary. Article 66, Second, states as follows : " A law shall regulate the nomination of one deputy or more for the President of the Republic." Abadi tried to do away with all VP's and failed. Historically there have been three, one each from Shia, Sunni and Kurdish factions.
11-8-2018 Newshound Guru Breitling As far as the dinar goes, it looks so phenomenal, it truly does. We are in a very very good spot. And now we have an entire country pushing it…Let me throw this out there just as a scenario…Let’s say Iran is not attached to the Iraqi dinar at all. Then it’s strictly oil prices. But Iran is attached to Iraq. So what if they force a revaluation or decide to have a revaluation before the price per barrel goes down? That could happen…that’s why we live in a different world. That could happen with the relationship they have with Iran. It would stabilize Iraq and Iran in that region if they added value to it. It would counter the sanctions…the language I’m hearing out of Iraq is that’s what’s coming down the road. That’s what they’re negotiating. Now Iraq hasn’t bought into it yet but that’s what’s going on out there.
11-8-2018 Newshound Guru chattels Article: "The House of Representatives raises its meeting to the next Saturday at one o'clock" Parliament met today and adjourned until Saturday.
11-8-2018 Newshound/Intel Guru Mnt Goat Article quote: "The United States has told Iraq it will continue to import vital supplies of gas, energy and food from Iran after Washington reinstates sanctions on Iran’s oil sector, three Iraqi officials said. Exemption from Iraq IS CONTINGENT ON IRAN NOT PAYING THE PRICE OF IMPORTS IN US DOLLARS..." Okay so then how will Iraq pay for the imports? According to the currency auctions this is supposed to be used for this purpose to convert dinars to US dollars and then pay them in dollars. Will they use instead Euros or another currency? Will they use dinars? So we should see the currency auctions going way down after these sanctions kick in. Let’s not do a knee jerk reaction when we see it and claims it’s the RV since now we know what is causing it.
11-8-2018 Newshound Guru Kaperoni ...the dinar is already legal tender throughout the world. Once IMF Article VIII happens it will make banking and acceptance more available. There is no reinstatement the dinar value is what it is and currently 1190 to $1. If the dinar rises it will occur gradually via a new exchange rate regime which will be a float..not some overnight event. [You can always see the current CBI OFFICIAL dinar rate and MARKET rate in the left column of this page.]
11-8-2018 Newshound Guru chattels The Constitution of Iraq does not require three deputies to the President or VP's. There must be at least one and there may be more, but constitutionally speaking no change is necessary. Article 66, Second, states as follows : " A law shall regulate the nomination of one deputy or more for the President of the Republic." Abadi tried to do away with all VP's and failed. Historically there have been three, one each from Shia, Sunni and Kurdish factions.
11-8-2018 Newshound Guru Breitling As far as the dinar goes, it looks so phenomenal, it truly does. We are in a very very good spot. And now we have an entire country pushing it…Let me throw this out there just as a scenario…Let’s say Iran is not attached to the Iraqi dinar at all. Then it’s strictly oil prices. But Iran is attached to Iraq. So what if they force a revaluation or decide to have a revaluation before the price per barrel goes down? That could happen…that’s why we live in a different world. That could happen with the relationship they have with Iran. It would stabilize Iraq and Iran in that region if they added value to it. It would counter the sanctions…the language I’m hearing out of Iraq is that’s what’s coming down the road. That’s what they’re negotiating. Now Iraq hasn’t bought into it yet but that’s what’s going on out there.
11-7-2018 **** Dinar Guru News Update ***** After a month of no updates...the CBI reported the MARKET rate of the dinar today as 1204. The update included the MARKET rate for every business day between October 8th and November 7th which traded between 1203 to 1208 over this timespan. These rates are well within the 2% IMF requirement between the OFFICIAL rate and the MARKET rate some gurus feel must be maintained for Article 8 compliance. Stay tuned as more information comes in from the Central Bank of Iraq. The latest guru posts will continue below...
11-7-2018 Newshound Guru Adam Montana [Do you believe that the re-institution of Iran's sanctions, which limits where and to whom Iran can sell its oil, will result in an uptick in the price of oil? If this occurs, could this be a reason for the Iraq to consider RVing in the near term to take advantage of the higher price of oil?] That is certainly an angle I keep an eye on just to monitor my oil related investments, but I do not see it as a direct "hot button" that will prompt Iraq to RV. It will certainly have an impact on their bottom line, but it is not the "deciding factor".
11-7-2018 Newshound Guru chattels #Iraq parliament met Tue but did not consider completion of cabinet. Next meeting scheduled for Thur...Tune in tomorrow...
11-7-2018 Newshound/Intel Guru Mnt Goat Article: "PROJECT TO BE DISCUSSED BY THE PARLIAMENT, REDUCING THE NUMBER OF VICE PRESIDENTS FROM THREE TO ONE" This article is one that I consider a WOW article. ...First we find out why Maliki has not yet been prosecuted for the fall of Mosul. Then we can see the political maneuvering by Maliki to save his own skin. Simply put – he wants the immunity and he needs the VP position. Secondly we see how they have not yet announced the three new VPs and want to change the constitution to have only one (1). But this will be very difficult to do since what tribe will the VP belong to? Right now its a balance between the three tribes as each Sunni, Sheite and Kurd is represented. We are told that they would be announced at the same time as the rest of the ministers. The count for the ministers is now up to 6 from 4 last week that are not yet ratified. There are a total of 8 still to be announced and voted on.
11-7-2018 Newshound Guru Adam Montana ..."Mahdi is cleaning house". YEP! The wheels are turning. The transition is rolling along, and that's the best news we can ask for. Keep it moving, Mahdi! I see all of this as a good sign. There are no major upheavals, nothing shocking, and nothing scary has happened in the last week. Things are proceeding smoothly...we DO have is solid progress...Stay patient, friends.
11-7-2018 Newshound Guru Breitling What did Iraq say they were going to do? They even told everybody how they were going to do it and the time period they are going to take to get the currency you and I have off the market and introduce the new currency that represent the higher rate that can interact with the rest of the world. There is a transition period in the middle of that. Nothing more. It’s not complicated. Everybody makes things more complicated than they really are. Everything is simple…always start with the intent of what the CBI wants to do. They want to add value to their currency…That’s it.
11-7-2018 Intel Guru Delta & Newshound Guru MilitiaMan
QD/USD (IQDUSD=X)
Previous Close 0.001
Open 0.001
Bid 0.001
Day's Range 0.001 - 0.001
52 Week Range 0.0008 - 0.0009
Ask 0.001
Now that is interesting movement in value and if it holds then, a international calculation can get applied to it in short order...IMO.
11-7-2018 Intel Guru Bruce ...We had back...this past Sunday...information that talked about dates. We had information that talked about the 7th and 8th, tomorrow [Wednesday] and Thursday. I feel like that is probably in the right realm where we should be. So I feel like we're in the place where things could happen. ...we know Iraq is done. We have a rate...that is solid on the front screens at the bank. It is solid and it reflects which is going to be seen if it is not seen already, on the CBI site... I think everything is coming together nicely...we are pretty much lined up and ready to start. [post 2 of 2]
11-7-2018 Intel Guru Bruce [via PinkRoses] ...yesterday we understood our President along with Steven Munchin, our Treasury Secretary, and Mike Pompeo, our Secretary of State that we had some interesting couple of phone calls in the morning with China, with President Xi and the Minister of Finance. They were very positive calls. As a result there was an encrypted letter sent all the way to the West coast, the Big R, and it was more or less, I believe, it was instruction of the timing to release everything. [post 1 of 2....stay tuned]
11-7-2018 Newshound Guru chattels #Iraq parliament met Tue but did not consider completion of cabinet. Next meeting scheduled for Thur...Tune in tomorrow...
11-7-2018 Newshound/Intel Guru Mnt Goat Article: "PROJECT TO BE DISCUSSED BY THE PARLIAMENT, REDUCING THE NUMBER OF VICE PRESIDENTS FROM THREE TO ONE" This article is one that I consider a WOW article. ...First we find out why Maliki has not yet been prosecuted for the fall of Mosul. Then we can see the political maneuvering by Maliki to save his own skin. Simply put – he wants the immunity and he needs the VP position. Secondly we see how they have not yet announced the three new VPs and want to change the constitution to have only one (1). But this will be very difficult to do since what tribe will the VP belong to? Right now its a balance between the three tribes as each Sunni, Sheite and Kurd is represented. We are told that they would be announced at the same time as the rest of the ministers. The count for the ministers is now up to 6 from 4 last week that are not yet ratified. There are a total of 8 still to be announced and voted on.
11-7-2018 Newshound Guru Adam Montana ..."Mahdi is cleaning house". YEP! The wheels are turning. The transition is rolling along, and that's the best news we can ask for. Keep it moving, Mahdi! I see all of this as a good sign. There are no major upheavals, nothing shocking, and nothing scary has happened in the last week. Things are proceeding smoothly...we DO have is solid progress...Stay patient, friends.
11-7-2018 Newshound Guru Breitling What did Iraq say they were going to do? They even told everybody how they were going to do it and the time period they are going to take to get the currency you and I have off the market and introduce the new currency that represent the higher rate that can interact with the rest of the world. There is a transition period in the middle of that. Nothing more. It’s not complicated. Everybody makes things more complicated than they really are. Everything is simple…always start with the intent of what the CBI wants to do. They want to add value to their currency…That’s it.
11-7-2018 Intel Guru Delta & Newshound Guru MilitiaMan
QD/USD (IQDUSD=X)
Previous Close 0.001
Open 0.001
Bid 0.001
Day's Range 0.001 - 0.001
52 Week Range 0.0008 - 0.0009
Ask 0.001
Now that is interesting movement in value and if it holds then, a international calculation can get applied to it in short order...IMO.
11-7-2018 Intel Guru Bruce ...We had back...this past Sunday...information that talked about dates. We had information that talked about the 7th and 8th, tomorrow [Wednesday] and Thursday. I feel like that is probably in the right realm where we should be. So I feel like we're in the place where things could happen. ...we know Iraq is done. We have a rate...that is solid on the front screens at the bank. It is solid and it reflects which is going to be seen if it is not seen already, on the CBI site... I think everything is coming together nicely...we are pretty much lined up and ready to start. [post 2 of 2]
11-7-2018 Intel Guru Bruce [via PinkRoses] ...yesterday we understood our President along with Steven Munchin, our Treasury Secretary, and Mike Pompeo, our Secretary of State that we had some interesting couple of phone calls in the morning with China, with President Xi and the Minister of Finance. They were very positive calls. As a result there was an encrypted letter sent all the way to the West coast, the Big R, and it was more or less, I believe, it was instruction of the timing to release everything. [post 1 of 2....stay tuned]
11-6-2018 Newshound Guru Breitling Where do I get my information from? It comes from an authority…I’m getting my math, my information from the authority…from the people who say they’re going to revalue. The people who are in control of the country’s currency in Iraq. That’s it. If it doesn’t happen, it’s because of something they did. If it happens…it’s something they did. But I’m speculating on it because of something they said. And I believe they can do it. And I believe they’re going to do it. That’s it. My opinion is based on that information and that information only…my option is yeah, it’s worth speculating on. I believe that.
11-6-2018 Newshound/Intel Guru Mnt Goat Article: "APPEARANCE OF MOHAMMED SALEH: IRAQ AND THE WORLD TRADE ORGANIZATION" ...this is a very long article and so let me try to sum it up for you: Mohammed Saleh, the deputy financial advisor to the GOI, is assessing the opportunity cost of joining the WTO. Does Iraq really care about joining? He concludes that YES Iraq does want to join. ...The long path to WTO ascension is the ability to go along with the BIG guys and play their game since the markets are dominated by so few who control the entire international market; the long-term survival of Iraq depends on international trade, secure international investment and a commercial environment; one of the major obstacles is the INABILITY of a “strong payment program”. How they transfer funds (SWIFT system) and use of currency (currency reform).
11-6-2018 Newshound Guru David M. Witty Iraqi sources say PM Abdel-Mahdi will attempt to present 5 ministers to Parliament today & hopes to get vote of approval. Still no word on Defense Minister. Iraqi government asks Parliament not to return the 2019 national budget for revision.
11-6-2018 Newshound Guru Breitling …Everything has changed for you and me as far as Iraq goes. Everything. Because as of today Iran is officially broke…they need money and if Iraq is blocking them from getting U.S. dollars…out of the Iraq economy then you’re going to see pressures from Iran because Iran has Iraqi dinar. That countdown is official today. Don’t get your underwear all bunched up in a wad…It’s not going to revalue tomorrow…I shouldn’t say that because nobody knows if it’s going to revalue…
11-6-2018 Intel Guru Frank26 [via Clare] Highlights: Iraq Social Media Hot right now... Reassuring Citizens, still going to lift the 3 zeros. Iran has Dinars...it looks like Iran is forcing Iraq to revalue their currency, with it's demand of payment for Electricity. 60% of Paris Club debt has been reduced...given reduction, for the RI of IQD! RI is fact occurring @ 1-1. Reduction will help with RV next year, the same way the ME Basket solidly formed will help the RV in 2019...it's a precursor... they are telling Iraq, go ahead join the international community. Alak will be named Gov. of CBI...comes from powerful, influential family...but not popular...BUT...the best of the worst. A lot of comments on CBI social media...would be nice to have official announcement of Alak, its a precursor, then ART 2 [2nd Article]. Art 2 is Coming!!! They are educating the citizens...looks good for November.
11-6-2018 Newshound/Intel Guru Mnt Goat Again I am telling everyone to STOP...watching for the completion of a single event then the RV will happen. How many events in the past do they attempt to peg the RV to that didn’t happen or happened and still we sit...It is now early November and so do NOT expect any reinstatement until at least EARLY 2019 (more likely in early January sometime)...
11-6-2018 Newshound/Intel Guru Mnt Goat Article: "APPEARANCE OF MOHAMMED SALEH: IRAQ AND THE WORLD TRADE ORGANIZATION" ...this is a very long article and so let me try to sum it up for you: Mohammed Saleh, the deputy financial advisor to the GOI, is assessing the opportunity cost of joining the WTO. Does Iraq really care about joining? He concludes that YES Iraq does want to join. ...The long path to WTO ascension is the ability to go along with the BIG guys and play their game since the markets are dominated by so few who control the entire international market; the long-term survival of Iraq depends on international trade, secure international investment and a commercial environment; one of the major obstacles is the INABILITY of a “strong payment program”. How they transfer funds (SWIFT system) and use of currency (currency reform).
11-6-2018 Newshound Guru David M. Witty Iraqi sources say PM Abdel-Mahdi will attempt to present 5 ministers to Parliament today & hopes to get vote of approval. Still no word on Defense Minister. Iraqi government asks Parliament not to return the 2019 national budget for revision.
11-6-2018 Newshound Guru Breitling …Everything has changed for you and me as far as Iraq goes. Everything. Because as of today Iran is officially broke…they need money and if Iraq is blocking them from getting U.S. dollars…out of the Iraq economy then you’re going to see pressures from Iran because Iran has Iraqi dinar. That countdown is official today. Don’t get your underwear all bunched up in a wad…It’s not going to revalue tomorrow…I shouldn’t say that because nobody knows if it’s going to revalue…
11-6-2018 Intel Guru Frank26 [via Clare] Highlights: Iraq Social Media Hot right now... Reassuring Citizens, still going to lift the 3 zeros. Iran has Dinars...it looks like Iran is forcing Iraq to revalue their currency, with it's demand of payment for Electricity. 60% of Paris Club debt has been reduced...given reduction, for the RI of IQD! RI is fact occurring @ 1-1. Reduction will help with RV next year, the same way the ME Basket solidly formed will help the RV in 2019...it's a precursor... they are telling Iraq, go ahead join the international community. Alak will be named Gov. of CBI...comes from powerful, influential family...but not popular...BUT...the best of the worst. A lot of comments on CBI social media...would be nice to have official announcement of Alak, its a precursor, then ART 2 [2nd Article]. Art 2 is Coming!!! They are educating the citizens...looks good for November.
11-6-2018 Newshound/Intel Guru Mnt Goat Again I am telling everyone to STOP...watching for the completion of a single event then the RV will happen. How many events in the past do they attempt to peg the RV to that didn’t happen or happened and still we sit...It is now early November and so do NOT expect any reinstatement until at least EARLY 2019 (more likely in early January sometime)...
11-5-2018 Newshound Guru MilitiaMan We are told that the AMF working with the likes of the World Bank, IMF, Germany, etc., have accomplished meetings and within those meetings we learned from WS [Guru Walkingstick] that they tried and tested the REER to a basket of currencies last Monday, about a week has passed since then... The article is telling us they have accomplished things and that they tell us that they were comprehensive in nature. Well, financial inclusion, is very important to those entities. Modernization is important to them and the Private Banks they are going to be doing business with in the reconstruction of Iraq. They will require Insurance Companies... Launch means to take off... As in they have set things in motion. That will require the new lower notes, imo.. That is imo where and how close we are. ...imo [post 2 of 2]
11-5-2018 Newshound Guru MilitiaMan Article: "Arab Monetary Fund: Cooperation with the Association of Iraqi private banks will be bigger in the future" This article is possibly one of the most powerful indicators of just how close we are now to the completion of Iraq's monetary and economic reforms. Key words that stirred my thinking are Private, as in Private Banks, Modern, as in Modern Financial Techniques, Inclusion, as in Financial Inclusion and Launch, as to go and reveal to the international environment or world and new Iraq and her new currency. [post 1 of 2....stay tuned]
11-5-2018 Newshound Guru chattels Articles: "Iraqi Parliament delays vote on open ministry positions until next Sunday." "Sources says Iraqi PM Abdel-Mahdi is prepared to resign if he continues to face opposition in forming his cabinet."
11-5-2018 Intel Guru Jester [...we forgot to ask you how the RV went yesterday on November 3rd.] NOW YOU KNOW WHY I DON'T GIVE OUT A DATE OR RATE... NO RETURN ON THE SITUATION THAT IS FAVORABLE AT ALL... HAHAHAH... AND IT WAS THE 3RD AND 4TH...AND THAT WINDOW IS STILL OPEN...THEORETICALLY...THE FACT OF THE MATTER IS THAT THERE ARE ALWAYS DATA POINTS... THINGS THEY LIKE TO DO THAT MAYBE DON'T WORK OUT RIGHT...IT HAS BEEN THAT WAY FOR SOME TIME NOW...WE GET THIS FEEDBACK AND WHEN LOTS OF DIFFERENT DIRECTIONS LINE UP POINTING TO THE SAME PLACE THEN IT LOOKS OKAY TO SAY...WELL MAYBE THIS WINDOW...
11-5-2018 Newshound Guru Kirk H. Sowell So we are now ten days into the new #Iraq govt of Adil Abd al-Mahdi, and it isn't going well so far. It looks like AAM will face two reverses in his first two weeks. The first is having to turn back on the 2019 budget...Abd al-Mahdi's other problem is that his effort to complete his cabinet isn't going well. Not only is there doubt about passing the remainder of nominations as scheduled tomorrow, but there are efforts to impeach up to four of the new 14 ministers.
11-5-2018 Intel Guru RayRen98 The CBI site was down for awhile today, but it's back to normal now. Apparently, today's leaders meeting in Baghdad garnered two more names to be considered for Madhi's cabinet on Tuesday's voting session. With six names now reported, only two remain to have the government fully seated even though the general thought that it is not necessary for a currency revalue. Time Will Tell!
11-5-2018 Newshound Guru Daytrader IMO, the oversight management of the economic reform process is the responsibility of the government. This suggests the success of the GOI economic reform process is dependent on the CBI reinstating the IQD to an international status at a legitimate rate, but the success of the monetary reform process is dependent on the success (read currency demand) of the economic reform. Would hope the CBI is now at this stage in the monetary reform process, as they hold the trigger mechanism in their hands for Iraq’s economic reform. IMO. [post 2 of 2]
11-5-2018 Newshound Guru Daytrader JMO, there are two reforms taking place in Iraq that are co-dependent; monetary reform and economic reform. The economic reform provides jobs on several levels...People with jobs earn money, then spend money in many areas; food, shelter, clothing and the list goes on. Those purchases will require businesses to replenish their stock, which drives the need for more product manufacturing, more raw material needs and more agriculture development. This circular process drives the flow of money in any economy. ...This process is critical for the CBI’s success as demand for a currency determines the effectiveness of a monetary reform program. However IMO, the CBI must reach a point in the monetary reform process where the value of its currency will attract direct foreign investment (DFI) as the trigger for economic reform. [post 1 of 2....stay tuned]
11-5-2018 Newshound Guru MilitiaMan Article: "Arab Monetary Fund: Cooperation with the Association of Iraqi private banks will be bigger in the future" This article is possibly one of the most powerful indicators of just how close we are now to the completion of Iraq's monetary and economic reforms. Key words that stirred my thinking are Private, as in Private Banks, Modern, as in Modern Financial Techniques, Inclusion, as in Financial Inclusion and Launch, as to go and reveal to the international environment or world and new Iraq and her new currency. [post 1 of 2....stay tuned]
11-5-2018 Newshound Guru chattels Articles: "Iraqi Parliament delays vote on open ministry positions until next Sunday." "Sources says Iraqi PM Abdel-Mahdi is prepared to resign if he continues to face opposition in forming his cabinet."
11-5-2018 Intel Guru Jester [...we forgot to ask you how the RV went yesterday on November 3rd.] NOW YOU KNOW WHY I DON'T GIVE OUT A DATE OR RATE... NO RETURN ON THE SITUATION THAT IS FAVORABLE AT ALL... HAHAHAH... AND IT WAS THE 3RD AND 4TH...AND THAT WINDOW IS STILL OPEN...THEORETICALLY...THE FACT OF THE MATTER IS THAT THERE ARE ALWAYS DATA POINTS... THINGS THEY LIKE TO DO THAT MAYBE DON'T WORK OUT RIGHT...IT HAS BEEN THAT WAY FOR SOME TIME NOW...WE GET THIS FEEDBACK AND WHEN LOTS OF DIFFERENT DIRECTIONS LINE UP POINTING TO THE SAME PLACE THEN IT LOOKS OKAY TO SAY...WELL MAYBE THIS WINDOW...
11-5-2018 Newshound Guru Kirk H. Sowell So we are now ten days into the new #Iraq govt of Adil Abd al-Mahdi, and it isn't going well so far. It looks like AAM will face two reverses in his first two weeks. The first is having to turn back on the 2019 budget...Abd al-Mahdi's other problem is that his effort to complete his cabinet isn't going well. Not only is there doubt about passing the remainder of nominations as scheduled tomorrow, but there are efforts to impeach up to four of the new 14 ministers.
11-5-2018 Intel Guru RayRen98 The CBI site was down for awhile today, but it's back to normal now. Apparently, today's leaders meeting in Baghdad garnered two more names to be considered for Madhi's cabinet on Tuesday's voting session. With six names now reported, only two remain to have the government fully seated even though the general thought that it is not necessary for a currency revalue. Time Will Tell!
11-5-2018 Newshound Guru Daytrader IMO, the oversight management of the economic reform process is the responsibility of the government. This suggests the success of the GOI economic reform process is dependent on the CBI reinstating the IQD to an international status at a legitimate rate, but the success of the monetary reform process is dependent on the success (read currency demand) of the economic reform. Would hope the CBI is now at this stage in the monetary reform process, as they hold the trigger mechanism in their hands for Iraq’s economic reform. IMO. [post 2 of 2]
11-5-2018 Newshound Guru Daytrader JMO, there are two reforms taking place in Iraq that are co-dependent; monetary reform and economic reform. The economic reform provides jobs on several levels...People with jobs earn money, then spend money in many areas; food, shelter, clothing and the list goes on. Those purchases will require businesses to replenish their stock, which drives the need for more product manufacturing, more raw material needs and more agriculture development. This circular process drives the flow of money in any economy. ...This process is critical for the CBI’s success as demand for a currency determines the effectiveness of a monetary reform program. However IMO, the CBI must reach a point in the monetary reform process where the value of its currency will attract direct foreign investment (DFI) as the trigger for economic reform. [post 1 of 2....stay tuned]
11-4-2018 Intel Guru RayRen98 Iraq has requested permission to ignore some of the US imposed sanctions against Iran in order to continue their import trade relations. US dollars will not be involved in the transactions, only Iraqi Dinars. PM Madhi only has four candidates for Tuesday's Parliament session. He has postponed selecting the other four to complete a seated cabinet. Leaders in Baghdad are holding a meeting today (Sunday) demanding that PM Mahdi announce all eight of his cabinet selectees. Kurdistan regional Parliament will hold it's first official meeting on Tuesday.
11-4-2018 Intel Guru Frank26 SOMETIME AROUND SUNDAY OR INTO NEXT WEEK THE CBI HAS TO MAKE A MOVE WITH THE AUCTIONS BECAUSE IMO...ON SUNDAY THE SANCTIONS AGAINST IRAN START. THE THIRD QUARTER...IMO...HAS BEEN TO TELL THE INTERNATIONAL WORLD THAT THEY ARE ABOUT TO LIFT THE 000’S AND IN THIS MONTH OF NOVEMBER...GOD WILLING IN THE NEXT TWO WEEKS...THE TIME FRAME WHERE THE EDUCATION TO THE CITIZENS WILL COME TO A CRESCENDO!!!
11-4-2018 Newshound Guru MilitiaMan So since the currency has been a main topic for about 30 days or more now, it would suggest that since the timing of REER (Real Effective Exchange Rate) is an issue, the final roll out on the new small currency would be expected to be along quite shortly.. imo. It was mentioned that REER was established on Monday last for a basket, it has almost been a week for REER..imo The clock is not just ticking...lol. [post 2 of 2]
11-4-2018 Newshound Guru MilitiaMan Article: "Iran braces for oil sanctions after currency crash, protests" ...think about what you're seeing between Iraq and Iran...Where I may disagree with Iran being specifically included now or into the future basket of middle east currencies matters not, the basket ...has been calculated now per WS [Guru Walkingstick] (evidence from recent meetings, imo) and that means to me they have risk on the table and thus, a timeline... to expose that calculation to the world is on the table now. We all know things can get volatile in the ME on a drop of a dinarius. Therefore, those part of the boat load of entities in Iraq last month were there for significant time frames...They were there for the valuation of currency and advance training of the trainers for the Iraq Currency imo, just as there was a preceding symposium weeks before in regard to the Iraq currency. [post 1 of 2....stay tuned]
11-4-2018 Intel Guru Delta Article: "Exceeded one billion dollars .. Tehran demands Baghdad to accelerate the payment of electricity debts" HUGE ARTICLE ...IRAQ CAN'T PAY IRAN IN DOLLARS ANY MORE.... ONLY OPTION IS DINARS ...SO THEY HAVE TO PAY IRAN 1 BILLION $ ASAP...AT THIS RATE THEY HAVE TO PAY THEM 1 TRILLION DINAR...
11-4-2018 Intel Guru Frank26 SOMETIME AROUND SUNDAY OR INTO NEXT WEEK THE CBI HAS TO MAKE A MOVE WITH THE AUCTIONS BECAUSE IMO...ON SUNDAY THE SANCTIONS AGAINST IRAN START. THE THIRD QUARTER...IMO...HAS BEEN TO TELL THE INTERNATIONAL WORLD THAT THEY ARE ABOUT TO LIFT THE 000’S AND IN THIS MONTH OF NOVEMBER...GOD WILLING IN THE NEXT TWO WEEKS...THE TIME FRAME WHERE THE EDUCATION TO THE CITIZENS WILL COME TO A CRESCENDO!!!
11-4-2018 Newshound Guru MilitiaMan So since the currency has been a main topic for about 30 days or more now, it would suggest that since the timing of REER (Real Effective Exchange Rate) is an issue, the final roll out on the new small currency would be expected to be along quite shortly.. imo. It was mentioned that REER was established on Monday last for a basket, it has almost been a week for REER..imo The clock is not just ticking...lol. [post 2 of 2]
11-4-2018 Newshound Guru MilitiaMan Article: "Iran braces for oil sanctions after currency crash, protests" ...think about what you're seeing between Iraq and Iran...Where I may disagree with Iran being specifically included now or into the future basket of middle east currencies matters not, the basket ...has been calculated now per WS [Guru Walkingstick] (evidence from recent meetings, imo) and that means to me they have risk on the table and thus, a timeline... to expose that calculation to the world is on the table now. We all know things can get volatile in the ME on a drop of a dinarius. Therefore, those part of the boat load of entities in Iraq last month were there for significant time frames...They were there for the valuation of currency and advance training of the trainers for the Iraq Currency imo, just as there was a preceding symposium weeks before in regard to the Iraq currency. [post 1 of 2....stay tuned]
11-4-2018 Intel Guru Delta Article: "Exceeded one billion dollars .. Tehran demands Baghdad to accelerate the payment of electricity debts" HUGE ARTICLE ...IRAQ CAN'T PAY IRAN IN DOLLARS ANY MORE.... ONLY OPTION IS DINARS ...SO THEY HAVE TO PAY IRAN 1 BILLION $ ASAP...AT THIS RATE THEY HAVE TO PAY THEM 1 TRILLION DINAR...
11-3-2018 Newshound Guru chattels Article quote: "The exchange rate of the dollar, Saturday, maintained its stability against the dinar on the Iraqi stock exchange. According to figures received by "Economy News", the price of selling the dollar in the stock market today is 120 thousand dinars and the purchase price 121 thousand dinars to 100 dollars. On the Basra Stock Exchange, the sale price today reached 120 thousand dinars, and the purchase price 121 thousand dinars to 100 dollars. While the sale price of the dollar on the Arbil Stock Exchange today 120 thousand dinars, and the purchase price 121 thousand dinars to 100 dollars."
11-3-2018 Newshound/Intel Guru Mnt Goat The new Iranian sanctions that are due to kick-in in a few days and this may be our saving grace. These sanctions may force the issue of preventing USD currency through the currency auction sales from going to Iran. This may override any other (fake) “security” concerns and so may finally allow the cancellation of the auctions and the use of the dinar in trade. If this happens, they must pull the trigger and go international (at least this is my take) as they will have no choice.
11-3-2018 Guest Guru Sunkissed [Donald Trump seems confident...in the possibility of repaying the public debt that has exceeded the $ 20 trillion mark in a short time...] It has been rumored that the UST holds approximately 7 Trillion IQD. If the dinar came out the gate near 3:1 the exchange could pay off the US National debt...or even if they waited for the RV for sure! In my opinion, of course. Also, it has been said that the Paris Club forgave $100 Billion in debt to Iraq. The USA could (potentially) forgive the Iraq debt and still exchange the IQD we potentially hold, and pay off the National debt. in my opinion also...
11-3-2018 Newshound/Intel Guru Mnt Goat The new Iranian sanctions that are due to kick-in in a few days and this may be our saving grace. These sanctions may force the issue of preventing USD currency through the currency auction sales from going to Iran. This may override any other (fake) “security” concerns and so may finally allow the cancellation of the auctions and the use of the dinar in trade. If this happens, they must pull the trigger and go international (at least this is my take) as they will have no choice.
11-3-2018 Guest Guru Sunkissed [Donald Trump seems confident...in the possibility of repaying the public debt that has exceeded the $ 20 trillion mark in a short time...] It has been rumored that the UST holds approximately 7 Trillion IQD. If the dinar came out the gate near 3:1 the exchange could pay off the US National debt...or even if they waited for the RV for sure! In my opinion, of course. Also, it has been said that the Paris Club forgave $100 Billion in debt to Iraq. The USA could (potentially) forgive the Iraq debt and still exchange the IQD we potentially hold, and pay off the National debt. in my opinion also...
11-2-2018 Newshound/Intel Guru Mnt Goat ...I want to say it is impossible to revalue the dinar until Iraq has at least first reinstated the dinar. ...So we are looking for a “reinstatement” first. Any significant change in value beyond the value prior to the international embargo of the currency can then be called a revaluation but only in the sense of increased value. Technically in IMF terms it is NOT really a “revaluation”. So why does everyone keep saying they are looking for the RV? When I use this term RV I am using it generically saying that the rate will significantly increase. I do not mean a formal revaluation.
11-2-2018 Newshound/Intel Guru Mnt Goat ...news of some debt forgiveness of the 2004 Paris Agreement and meeting the conditions of the IMF Stand By Agreement terms is completed in order to do so. This is a huge sum of money ($128 billion) and once again sets Iraq up in a position allowing them more financial flexibility. As we all know paying off past debt, especially war debt, is showing financial responsibility and this sets up Iraq in a better position for the reinstatement of the dinar sooner than later. But I do not hear that this is a trigger mechanism for the reinstatement.
11-2-2018 Intel Guru Bruce ...I was feeling really good about what was supposed to occur for us last night [Wednesday]. I will tell you why, and this vindicates me somewhat. Guess what did happen...over Halloween night? China started. China got this ball started with the GCR in Asia, in China, in Hong Kong...They started with exchanges. They started paying out, and we are sitting here with a very slow rollout at playing catch up now. ...What it tells us is we were ready to go...We are still in a process here of a rollout. There are things happening as we speak...We been told by HSBC London that we are under a let’s call it High Alert Status...
11-2-2018 Newshound/Intel Guru Mnt Goat ...news of some debt forgiveness of the 2004 Paris Agreement and meeting the conditions of the IMF Stand By Agreement terms is completed in order to do so. This is a huge sum of money ($128 billion) and once again sets Iraq up in a position allowing them more financial flexibility. As we all know paying off past debt, especially war debt, is showing financial responsibility and this sets up Iraq in a better position for the reinstatement of the dinar sooner than later. But I do not hear that this is a trigger mechanism for the reinstatement.
11-2-2018 Intel Guru Bruce ...I was feeling really good about what was supposed to occur for us last night [Wednesday]. I will tell you why, and this vindicates me somewhat. Guess what did happen...over Halloween night? China started. China got this ball started with the GCR in Asia, in China, in Hong Kong...They started with exchanges. They started paying out, and we are sitting here with a very slow rollout at playing catch up now. ...What it tells us is we were ready to go...We are still in a process here of a rollout. There are things happening as we speak...We been told by HSBC London that we are under a let’s call it High Alert Status...
11-1-2018 Newshound Guru MilitiaMan On a slightly different path we see working in conjunction with Iraq, we did see the AMF with Iraq that ended a 10 day meeting...last Thursday. It was between Iraq and the AMF among others like the IMF, WB, BIS, etc.. Why is this all important...Contracts. The AMF (22 countries), Kuwait, USA, Great Britain, Japan, Korea, etc., were working on imo valuation of the REER to use for to adjust contracts. Very important part of the final process.. They need to establish Fair Value for pricing goods and services.
11-1-2018 Newshound Guru Kaperoni [When are they [IMF] going to review Iraq’s situation again I wonder] Once the government is fully formed. I would expect we will hear within a month.
11-1-2018 Newshound Guru Adam Montana [How much more do you think Iraq needs to achieve or put into place before they can reveal their true rate of exchange? I'm sure the list has shrunk dramatically.] Dramatically indeed - if we don't have any solid movement after the GOI is seated, I will be doing a more comprehensive post on the subject. Since that may not be necessary, let's just see what the next week brings us.
11-1-2018 Newshound Guru MilitiaMan Quote: "The next phase of currency reform is the conversion from old cash currency to new. The authorities must decide—at first privately—when the currency exchange will begin, when it will end, and whether or not to cap, in absolute terms, the amount to be exchanged. Then, decisions on the announcement of and publicity for the currency exchange must be made. Other essential decisions include the conversion rate and how financial assets, resident/nonresident accounts, and existing currency contracts will be treated in the currency exchange." They tell us above that those in charge of MR must decide when the exchange will begin, when it will end, etc,. They also mention the conversion rate and how it will effect other things like currency contracts and how they are to be treated in the currency exchange. This is at the end of the process as noted in the Turkmenistan model. At this final phase is at the time when they first privately, then eventually publicly say when they will do it and at what conversion rate. Hence, we await the "" 2nd Article"".. So why do I bring this back up again? Well, today we see them talking about contracts.. Part of the final phase, imo.. That is why I do.
11-1-2018 Intel Guru ADMINBILL ...Much has been leaked through banking and government sources that continue to be false flags for purposes known only to those that initiate them. That does not mean they are incorrect. Imo, what they share is meant for those that are the bankers, lawyers and agencies that will make the RV/GCR process happen when the release is activated. Perhaps it is one of the continual preparatory drills to make absolutely sure all agencies and organizations are in sync and ready to go at a moment's notice. And perhaps it is a way of making sure we are ready as well.
11-1-2018 Newshound/Intel Guru Mnt Goat So in today’s news we see one matter announced on Monday that Iraq has withdrawn from the FATF monitoring list after it has fulfilled its international obligations in the field of combating money laundering and terrorist financing. They have now moved to the “white list”. This can only help in the getting the reinstatement since why did the UN sanction the currency in the first place? Was it not for money laundering and financing terrorists? So this is now all taken care of and no longer an obstacle. So the CBI can no longer use this as an excuse as to why they are not reinstating the dinar.
11-1-2018 Newshound Guru Kaperoni [When are they [IMF] going to review Iraq’s situation again I wonder] Once the government is fully formed. I would expect we will hear within a month.
11-1-2018 Newshound Guru Adam Montana [How much more do you think Iraq needs to achieve or put into place before they can reveal their true rate of exchange? I'm sure the list has shrunk dramatically.] Dramatically indeed - if we don't have any solid movement after the GOI is seated, I will be doing a more comprehensive post on the subject. Since that may not be necessary, let's just see what the next week brings us.
11-1-2018 Newshound Guru MilitiaMan Quote: "The next phase of currency reform is the conversion from old cash currency to new. The authorities must decide—at first privately—when the currency exchange will begin, when it will end, and whether or not to cap, in absolute terms, the amount to be exchanged. Then, decisions on the announcement of and publicity for the currency exchange must be made. Other essential decisions include the conversion rate and how financial assets, resident/nonresident accounts, and existing currency contracts will be treated in the currency exchange." They tell us above that those in charge of MR must decide when the exchange will begin, when it will end, etc,. They also mention the conversion rate and how it will effect other things like currency contracts and how they are to be treated in the currency exchange. This is at the end of the process as noted in the Turkmenistan model. At this final phase is at the time when they first privately, then eventually publicly say when they will do it and at what conversion rate. Hence, we await the "" 2nd Article"".. So why do I bring this back up again? Well, today we see them talking about contracts.. Part of the final phase, imo.. That is why I do.
11-1-2018 Intel Guru ADMINBILL ...Much has been leaked through banking and government sources that continue to be false flags for purposes known only to those that initiate them. That does not mean they are incorrect. Imo, what they share is meant for those that are the bankers, lawyers and agencies that will make the RV/GCR process happen when the release is activated. Perhaps it is one of the continual preparatory drills to make absolutely sure all agencies and organizations are in sync and ready to go at a moment's notice. And perhaps it is a way of making sure we are ready as well.
11-1-2018 Newshound/Intel Guru Mnt Goat So in today’s news we see one matter announced on Monday that Iraq has withdrawn from the FATF monitoring list after it has fulfilled its international obligations in the field of combating money laundering and terrorist financing. They have now moved to the “white list”. This can only help in the getting the reinstatement since why did the UN sanction the currency in the first place? Was it not for money laundering and financing terrorists? So this is now all taken care of and no longer an obstacle. So the CBI can no longer use this as an excuse as to why they are not reinstating the dinar.
10-31-2018 Newshound Guru Adam Montana At the moment, I am content to wait for things to unfold - we have some important dates upcoming, and I foresee a holding pattern until the GOI is fully formed. On the positive side... I have nothing negative to report...November 6 is a good day to watch for... it should be apparent at that time what the missing component is (which Government position), which will give us a very decent clue about what we can expect in the coming days. Regarding the upcoming sanctions [Iran]...I'm glad they are prior to November 6th - that should streamline any effects that they may have. ...Where the sanctioned parties may experience a weakening, Iraq has a great opportunity to gain strength. For that reason alone, we could have a nice window just ahead!
10-31-2018 Newshound/Intel Guru Mnt Goat The news is slow from Iraq since Monday and Tuesday were official holidays. Now they go back to work, however parliament is not expected back until Nov 6th. Anyhow I would not stake any RV on any trigger completion of Mahdi’s new government in this next session anyhow since we also heard that it is not a critical matter anymore and the last set of ministers are picked and all agreed on them already...the only target I know of is of EARLY 2019. The CBI did want to move ahead with the reinstatement in the month of October but could not do so due to not resolving many matters as they thought they could.
10-31-2018 Intel Guru Bruce Here is where we are. You guys know that even though it seems that Iraq used to be the linch pin. Now they are sort of the hinge pin. Now China is the linch pin. China wants this thing done, and they have in essence moved this up a day or so for us. That is very positive...really good news. So let me tell you Iraq is in the picture though. ...we are expecting all the rates of the main currencies that we...hold to come up on the screen around by midnight, by or before midnight [Tuesday]...The Dinar will have an in-country rate which is well over $4 now. Whatever it gets to in-country meaning the rate within Iraq, we will have a higher rate on our front screen than what they will have in-country. It could be almost doubled than what they have in-country in that range approximately. What is interesting is they are getting in preparation for everything to go. ...You are in a very close and good place provided everything rolls according to plan, I think we are right there, right where we need to be.
10-31-2018 Intel Guru RayRen98 Abdul Amir Taiban, deputy of the Fatah alliance, stated that the remaining 8 cabinet selectees will be voted and accepted at the next session of the House of Representatives.
10-31-2018 Newshound/Intel Guru Mnt Goat The news is slow from Iraq since Monday and Tuesday were official holidays. Now they go back to work, however parliament is not expected back until Nov 6th. Anyhow I would not stake any RV on any trigger completion of Mahdi’s new government in this next session anyhow since we also heard that it is not a critical matter anymore and the last set of ministers are picked and all agreed on them already...the only target I know of is of EARLY 2019. The CBI did want to move ahead with the reinstatement in the month of October but could not do so due to not resolving many matters as they thought they could.
10-31-2018 Intel Guru Bruce Here is where we are. You guys know that even though it seems that Iraq used to be the linch pin. Now they are sort of the hinge pin. Now China is the linch pin. China wants this thing done, and they have in essence moved this up a day or so for us. That is very positive...really good news. So let me tell you Iraq is in the picture though. ...we are expecting all the rates of the main currencies that we...hold to come up on the screen around by midnight, by or before midnight [Tuesday]...The Dinar will have an in-country rate which is well over $4 now. Whatever it gets to in-country meaning the rate within Iraq, we will have a higher rate on our front screen than what they will have in-country. It could be almost doubled than what they have in-country in that range approximately. What is interesting is they are getting in preparation for everything to go. ...You are in a very close and good place provided everything rolls according to plan, I think we are right there, right where we need to be.
10-31-2018 Intel Guru RayRen98 Abdul Amir Taiban, deputy of the Fatah alliance, stated that the remaining 8 cabinet selectees will be voted and accepted at the next session of the House of Representatives.
10-30-2018 Newshound/Intel Guru Mnt Goat Article: "THE ECONOMIC COUNCIL STRESSES THE IMPORTANCE OF IRAQ’S TRANSITION TO THE FREE ECONOMY AND STRESSES: INVESTMENT IS THE SOLUTION" Quote: “THE INVESTMENT LAW IS THEORETICALLY MORE THAN GOOD, BUT OUR PROBLEM IS IN THE IMPLEMENTATION.” The question now is – Will they finally move too a market economy and private sector to attract investors under Mahdi or just talk about it again during this administration? This is also part of the reforms necessary to move forward. The CBI can not move ahead with the project to delete the zeros without these reforms implemented. This is also part of what they told us was a “more suitable environment” for the project to occur. So if you are expecting any RV in November or even in December I would not hold my breath...lol..!
10-30-2018 Newshound Guru MilitiaMan WS also told us there would be a hard peg. That means to me/us/others they will come out strong and keep it there!! That will represent stability and security... Just what a new currency needs to have!! Therefore, coming out low could be rife with shorting, market manipulations as the lower the rate the easier it is to do so. Imo they will not ever be 1:1 with the dollar where we in the USA could sell the IQD back for. I/we/others have strong feelings about the rate being back to or well above the glory days. They have told us they wanted to do it at that level many times...The stronger they come out, the less risk the country has not to mention they’ll get imo a credit rating boost to go along with it...So, to me and others in my line of thinking support the view of WS, and my long standing point, “the longer it takes the more money we make.” Lol. We shall see... imo. [post 2 of 2]
10-30-2018 Newshound Guru MilitiaMan ...with what we have learned from WS [Guru Walkingstick] the rate is going to be effectively in a range that is based on a mixture of the AMF / AAD and the IMF / SDR 3x. The latest loan issued by the AMF in summer of 2017 was around $4.25 - $4.35 / 1 AAD and the AMF / SDR $1.42 3x = $4.26 on the daily rate they use, if I am accurate. If they use the monthly rate of the SDR of approx. $1.95 3x = $5.85...All those numbers or ranges are easily supported by Iraq's wealth. ioo...WS brought us the formula relatively recent time past. I trust his opinion on the matter somewhat knowing where and what his connection is and to whom. So the AMF / AAD - IMF / SDR 3x relationship meets that criteria and is competitive to surrounding nations in the AMF. ~ imo. [post 1 of 2....stay tuned]
10-30-2018 Intel Guru Frank26 IRAQ: We are a trading HUB... on Nov. 4th, Washington DC told Iraq to Sanction Iran & All Foreign Currency ...CBI Does not want worthless currency with no value...no swaps ...no auctions...US has told Iraq to Sanction Iran...Iraq is sending a message to D.C., Fantasic 4, that they obey! ...Iraq starts sanctions before Nov. 4th as commanded by those in control... ATM's no longer disperse Foreign Currency...New ATM's ONLY disperse IQD & soon a new category note...Iraq says our National Currency will soon have value and we will only use our National Currency, which will soon have value for the world!...As of today 4-6 Timeframe @ 3 week mark...TF is on track...furthermore in Frank's opinion...before years end... what we should see in the remainder of TF should not be shocking because they are getting ready...they already told the citizens.
10-30-2018 Newshound Guru MilitiaMan The amount of logistics to get all that done, all the people, hotels, gifts, training, etc, and with all those big players will go down as darn near nothing but, miraculous, imo. With that said...I, others, believe this is such a very bullish time frame is because the REER ( Real Effective Exchange Rate) is time sensitive, ioo.(in our opinion). The REER was done Thursday last real close and for them to get the rate done, it cant be much longer for us to wait, as the margin of error in the rate becomes ioo an issue, as the rate could change and that would effect a lot of countries... Therefore, the window we are in now this week thru Monday-ish next week is serious to us...nothing shows us that they are going out to next year... Nor much into November for that matter... imo. [post 2 of 2]
10-30-2018 Newshound Guru MilitiaMan ...Last week we witnessed a convergence of many things. The week prior there was the symposium with Banks and financial institutions in regard to the Iraqi Currency. WS's (Guru Walkingstick's) firm was in the meeting. The following week we see the AMF (Arab Monetary Fund) in a series of meetings with Iraq helping with the MR (Monetary Reform) along, in conjunction with the likes of the WB, IMF, UST and BIS. Basra Boyz also confirmed the BIS was there... WS tells us they tried and tested the rate and they were successful. The success was the Real Effective Exchange Rate. So not only the AMF met, there were high level training of the trainers while they had the fabulous 4 in country. They did all that and seated the GOI on time too. [post 1 of 2....stay tuned]
10-30-2018 Newshound Guru MilitiaMan WS also told us there would be a hard peg. That means to me/us/others they will come out strong and keep it there!! That will represent stability and security... Just what a new currency needs to have!! Therefore, coming out low could be rife with shorting, market manipulations as the lower the rate the easier it is to do so. Imo they will not ever be 1:1 with the dollar where we in the USA could sell the IQD back for. I/we/others have strong feelings about the rate being back to or well above the glory days. They have told us they wanted to do it at that level many times...The stronger they come out, the less risk the country has not to mention they’ll get imo a credit rating boost to go along with it...So, to me and others in my line of thinking support the view of WS, and my long standing point, “the longer it takes the more money we make.” Lol. We shall see... imo. [post 2 of 2]
10-30-2018 Newshound Guru MilitiaMan ...with what we have learned from WS [Guru Walkingstick] the rate is going to be effectively in a range that is based on a mixture of the AMF / AAD and the IMF / SDR 3x. The latest loan issued by the AMF in summer of 2017 was around $4.25 - $4.35 / 1 AAD and the AMF / SDR $1.42 3x = $4.26 on the daily rate they use, if I am accurate. If they use the monthly rate of the SDR of approx. $1.95 3x = $5.85...All those numbers or ranges are easily supported by Iraq's wealth. ioo...WS brought us the formula relatively recent time past. I trust his opinion on the matter somewhat knowing where and what his connection is and to whom. So the AMF / AAD - IMF / SDR 3x relationship meets that criteria and is competitive to surrounding nations in the AMF. ~ imo. [post 1 of 2....stay tuned]
10-30-2018 Intel Guru Frank26 IRAQ: We are a trading HUB... on Nov. 4th, Washington DC told Iraq to Sanction Iran & All Foreign Currency ...CBI Does not want worthless currency with no value...no swaps ...no auctions...US has told Iraq to Sanction Iran...Iraq is sending a message to D.C., Fantasic 4, that they obey! ...Iraq starts sanctions before Nov. 4th as commanded by those in control... ATM's no longer disperse Foreign Currency...New ATM's ONLY disperse IQD & soon a new category note...Iraq says our National Currency will soon have value and we will only use our National Currency, which will soon have value for the world!...As of today 4-6 Timeframe @ 3 week mark...TF is on track...furthermore in Frank's opinion...before years end... what we should see in the remainder of TF should not be shocking because they are getting ready...they already told the citizens.
10-30-2018 Newshound Guru MilitiaMan The amount of logistics to get all that done, all the people, hotels, gifts, training, etc, and with all those big players will go down as darn near nothing but, miraculous, imo. With that said...I, others, believe this is such a very bullish time frame is because the REER ( Real Effective Exchange Rate) is time sensitive, ioo.(in our opinion). The REER was done Thursday last real close and for them to get the rate done, it cant be much longer for us to wait, as the margin of error in the rate becomes ioo an issue, as the rate could change and that would effect a lot of countries... Therefore, the window we are in now this week thru Monday-ish next week is serious to us...nothing shows us that they are going out to next year... Nor much into November for that matter... imo. [post 2 of 2]
10-30-2018 Newshound Guru MilitiaMan ...Last week we witnessed a convergence of many things. The week prior there was the symposium with Banks and financial institutions in regard to the Iraqi Currency. WS's (Guru Walkingstick's) firm was in the meeting. The following week we see the AMF (Arab Monetary Fund) in a series of meetings with Iraq helping with the MR (Monetary Reform) along, in conjunction with the likes of the WB, IMF, UST and BIS. Basra Boyz also confirmed the BIS was there... WS tells us they tried and tested the rate and they were successful. The success was the Real Effective Exchange Rate. So not only the AMF met, there were high level training of the trainers while they had the fabulous 4 in country. They did all that and seated the GOI on time too. [post 1 of 2....stay tuned]
10-29-2018 Intel Guru RayRen98 US banks can’t “call” the RV, but they’re still expectant about this week! According to the CBI – “A stable country with a stable government = change in value of the country’s currency.” N’estce pas? The CBI has already acknowledged “a stable country financially” and now we await their declaration of “a stable government.” (which seems to now exist)
10-29-2018 Intel Guru Frank26 [Can a national currency exist on program rate?] YES A NATIONAL CURRENCY CAN EXIST ON A PR IN COUNTRY BUT...AN INTERNATIONAL CURRENCY CANNOT EXIST ON A PR OUTSIDE OF THE COUNTRY.
10-29-2018 Newshound/Intel Guru Mnt Goat We can see the news from Iraq is slow once again. We are at another lull. As far as the elections go we are waiting for early November to get the rest of the ministers but most importantly to see who is going to be the next three Vice Presidents...Remember the Sadr Movement does not want any old politicians in this new government. So the chances of having the Nori al-Maliki or the other two VPs back in the VP positions is slim to none. However, we must consider Maliki and his goons will continue to try and try right up until the announcement and vote in parliament. ...Iraqi is now putting the emphasis again back on the economy, the 2019 budget and the implementation of the “Investment Law”.
10-29-2018 Newshound Guru MilitiaMan Article: "Iran's economic minister: America implemented its ban before November 4" Looks like they shut down Iran currency swaps / auctions??? USA implements sanctions early, thus, Iraq has obliged by not trading dollars and apparently Dinars, as they would more likely loose as the sanctions take effect, thus, they shut it down.. Wow! imo.
10-29-2018 Newshound Guru Currency365 Breaking President Trump Implements Sanctions on Iran Before November 4th...
10-29-2018 Intel Guru RayRen98 Iraqi TV is reporting that new PM Abdul Madhi is not under any time constraints to complete the remaining 8 cabinet positions but also sharing that names may be presented at the November 6 meeting for consideration.
10-29-2018 Newshound Guru MilitiaMan Well by turning off Iran today real close (possibly days ago), they won't let them use the old IQD nor the New IQD, and or the USD per sanctions that apparently are in place early, and they don't have the new IQD yet.. Fascinating, if that holds true. The new currency looks to be the trigger point to seriously put the squeeze on... If the Iranians can't use the old and don't have the new, they'll not benefit from the new Real Effective Exchange Rate for the New IQD. Man, if that holds true, there are going to be some folks feeling a lot of economic pain... Imagine, your seating on 10 million IQD and in Iran? Can't spend them or exchange them for USD nor New IQD...They are effectively worthless to those imposed by sanctions.. imo! [post 2 of 2]
10-29-2018 Newshound Guru MilitiaMan If they are adopting, the predominant medium of exchange for the purchasing of services, goods, then the sovereign nation and her currency will need 1 interdependent, yet, national rate. Here are some things that suggest that we are well beyond that time now. ...As we have been told the calculations have been done already. The symposium introduced to those in the need to know (albeit with reservations on what can or cannot be disclosed publicly, i.e., smalls, coins, rate, when...) about the lower denoms, 250, 500 and 1000 with new security features, publicly. There was an article about the high level training of the trainers (trained on the new). Well they did that over a ten day period that finished up this last Thursday. ...They have had training on the new currency to becoming out in the Month of October they told us per articles. [post 1 of 2....stay tuned]
10-29-2018 Intel Guru Frank26 [Can a national currency exist on program rate?] YES A NATIONAL CURRENCY CAN EXIST ON A PR IN COUNTRY BUT...AN INTERNATIONAL CURRENCY CANNOT EXIST ON A PR OUTSIDE OF THE COUNTRY.
10-29-2018 Newshound/Intel Guru Mnt Goat We can see the news from Iraq is slow once again. We are at another lull. As far as the elections go we are waiting for early November to get the rest of the ministers but most importantly to see who is going to be the next three Vice Presidents...Remember the Sadr Movement does not want any old politicians in this new government. So the chances of having the Nori al-Maliki or the other two VPs back in the VP positions is slim to none. However, we must consider Maliki and his goons will continue to try and try right up until the announcement and vote in parliament. ...Iraqi is now putting the emphasis again back on the economy, the 2019 budget and the implementation of the “Investment Law”.
10-29-2018 Newshound Guru MilitiaMan Article: "Iran's economic minister: America implemented its ban before November 4" Looks like they shut down Iran currency swaps / auctions??? USA implements sanctions early, thus, Iraq has obliged by not trading dollars and apparently Dinars, as they would more likely loose as the sanctions take effect, thus, they shut it down.. Wow! imo.
10-29-2018 Newshound Guru Currency365 Breaking President Trump Implements Sanctions on Iran Before November 4th...
10-29-2018 Intel Guru RayRen98 Iraqi TV is reporting that new PM Abdul Madhi is not under any time constraints to complete the remaining 8 cabinet positions but also sharing that names may be presented at the November 6 meeting for consideration.
10-29-2018 Newshound Guru MilitiaMan Well by turning off Iran today real close (possibly days ago), they won't let them use the old IQD nor the New IQD, and or the USD per sanctions that apparently are in place early, and they don't have the new IQD yet.. Fascinating, if that holds true. The new currency looks to be the trigger point to seriously put the squeeze on... If the Iranians can't use the old and don't have the new, they'll not benefit from the new Real Effective Exchange Rate for the New IQD. Man, if that holds true, there are going to be some folks feeling a lot of economic pain... Imagine, your seating on 10 million IQD and in Iran? Can't spend them or exchange them for USD nor New IQD...They are effectively worthless to those imposed by sanctions.. imo! [post 2 of 2]
10-29-2018 Newshound Guru MilitiaMan If they are adopting, the predominant medium of exchange for the purchasing of services, goods, then the sovereign nation and her currency will need 1 interdependent, yet, national rate. Here are some things that suggest that we are well beyond that time now. ...As we have been told the calculations have been done already. The symposium introduced to those in the need to know (albeit with reservations on what can or cannot be disclosed publicly, i.e., smalls, coins, rate, when...) about the lower denoms, 250, 500 and 1000 with new security features, publicly. There was an article about the high level training of the trainers (trained on the new). Well they did that over a ten day period that finished up this last Thursday. ...They have had training on the new currency to becoming out in the Month of October they told us per articles. [post 1 of 2....stay tuned]
10-28-2018 Intel Guru Frank26 Article quote: "A report by the Central Bank of Iran, which was published on its official website, pointed out that Iraq rejected the proposal of the Iranian authority on the extradition of foreign currencies and national "Iraqi dinar" for reasons related to US sanctions on Iran and security." IMO ...SINCE THE START OF THE MR OF THE IQD...THE CBI AND GOI HAVE SOUGHT SECURITY AND STABILITY IN THEIR COUNTRY. TO STOP THE TERRORISM THAT IRAN FUNDS INSIDE AND AROUND IRAQ. TO STOP IRAN'S CONTROL OF THE GOVERNMENT OF IRAQ. IMO...THAT MISSION HAS BEEN ACCOMPLISHED TO A TOLERABLE LEVEL OF IRAQ'S CONTROL NOW. ALLOWING ...IMO ...THE IQD'S MR TO COME FORTH...NOW.
10-28-2018 Intel/Newshound Guru RVAlready [New Guru] I wish they would kick the RV across the finish line. I am pretty sure everything is ready now. There are no reasons not to do it, and plenty of reasons to do it now… I am of the mind that they will do it soon, or lose the chance, and never do it. Kind of now or never in my mind… They would not have bothered to show the new bills and coins last week, if they were not going to do it…To me, this feels like the quiet before the storm.
10-28-2018 Intel Guru RayRen98 Mahdi sworn in. Took place on Thursday. Has a constitutional government with 14 ministers. The other ministers are to be sworn in at their next session. Could be tomorrow [Sunday] but said 6th of November. We are waiting! Banks have not come back and given us a window . . . Anticipating "IT" would be in the Gazette which we thought was going to be today. Haven't seen or heard about it. May not be printed until Wednesday but when it does there will be International notification of their cards and rate. So we wait.
10-28-2018 Intel/Newshound Guru RVAlready [New Guru] I wish they would kick the RV across the finish line. I am pretty sure everything is ready now. There are no reasons not to do it, and plenty of reasons to do it now… I am of the mind that they will do it soon, or lose the chance, and never do it. Kind of now or never in my mind… They would not have bothered to show the new bills and coins last week, if they were not going to do it…To me, this feels like the quiet before the storm.
10-28-2018 Intel Guru RayRen98 Mahdi sworn in. Took place on Thursday. Has a constitutional government with 14 ministers. The other ministers are to be sworn in at their next session. Could be tomorrow [Sunday] but said 6th of November. We are waiting! Banks have not come back and given us a window . . . Anticipating "IT" would be in the Gazette which we thought was going to be today. Haven't seen or heard about it. May not be printed until Wednesday but when it does there will be International notification of their cards and rate. So we wait.
10-27-2018 Newshound/Intel Guru Mnt Goat Article quotes: "The Board of Directors of the Central Bank today issued an important statement in which it noted THE CONTINUATION OF ITS EFFORTS DURING THE PAST YEARS TO ACHIEVE ECONOMIC STEADFASTNESS IN THE CIRCUMSTANCES OF IRAQ AND FACED ECONOMIC AND SECURITY SHOCKS."; "...the central bank WILL WORK WITH CARE AND DEDICATION IN ORDER TO ACHIEVE STABILITY IN THE FINANCIAL SYSTEM AND THE MONETARY SYSTEM IN THE NEXT PHASE..." WHEN THE CBI TALKS I LISTEN...They keep talking about the “next phase” . So what is this next phase? There has been articles on this phase...and according to them it is a 5 year plan (2018-2022) with continuation of the reforms including the monetary reforms, which we know is the project to delete the zeros.
10-27-20218 Intel Guru Footforward I think RV will be summer of 2019 at this point...
10-27-2018 Newshound/Intel Guru Mnt Goat Article: "MANY NEW IRAQI CABINET MEMBER SWORN IN ON WEDNESDAY" Article quote: "The agency received the Euphrates News on the names of the cabinet presented by Prime Minister-designate Adel Abdul-Mahdi today to the House of Representatives." I do not know yet who was rejected and who was ratified. But later on there is an article stating that Mahdi will temporarily assume the minster of Defense and Interior two of the key positions.
10-27-20218 Intel Guru Footforward I think RV will be summer of 2019 at this point...
10-27-2018 Newshound/Intel Guru Mnt Goat Article: "MANY NEW IRAQI CABINET MEMBER SWORN IN ON WEDNESDAY" Article quote: "The agency received the Euphrates News on the names of the cabinet presented by Prime Minister-designate Adel Abdul-Mahdi today to the House of Representatives." I do not know yet who was rejected and who was ratified. But later on there is an article stating that Mahdi will temporarily assume the minster of Defense and Interior two of the key positions.
10-26-2018 Newshound/Intel Guru Mnt Goat Abdel-Mahdi is sworn in...as the new prime minister along with 14 of 22 ministers. Remember the CBI NEVER came out and directly told us they would reinstate or RV the currency after the elections process was over. This was assumed from what they said to us back in April. So no one really knows for sure just how long this might take.
10-26-2018 Newshound/Intel Guru David M. Witty Sources near Iraqi Oil Ministry: Iraq will stop exporting Kirkuk's oil to Iran in November to coincide with new U.S. sanctions.
10-26-2018 Newshound/Intel Guru Mnt Goat So now I will give you the latest numbers given to me by the reports that were given to the US Treasury on Jan 2018. The reports consist of mandatory forms filled in by currency brokers when they sell the dinar. These forms are sent to the US Treasury when you purchased your currency. There is an address space on the form for the purchaser. So you are being tracked. In order for these online internet or banks to sell these currencies outside of the global currency exchanges, they must adhere to the legal framework set up by the US Treasury. What is the latest count based on this procedure? ...the US Treasury has received 2.5 million initial purchases since 2004 when they began tracking the IQD in the USA. Most purchases are under 10 million dinar. A very large holder might hold 100 million. ...Even with the gift giving, the UN Treasury projects only maybe 2.75-3 million at best now have IQD in their possession and await the reinstatement and exchange process...
10-26-2018 Intel Guru Frank26 ...the Monetary Reform of the IQD, of the Central Bank of Iraq, is no secret. It’s no secret. They are willing. And they are telling anyone who is willing to listen, that the CBI, that Iraq, is soon to change their exchange rate.
10-26-2018 Intel Guru Bruce These rates came completely off the screen at noon, and not come back up until 2:30am. The last time that happened was the day before Kuwait revalued their Dinar. Pretty significant for those who remembered the revalued of the Kuwait Dinar. That is a big deal. The gist of this is we are so close we can just about touch it. We have been patient to wait this long, but if we are to look back at what has happened, we see all these puzzle pieces we have put together in this 1000 piece puzzle creating this picture for us. They have got this far enough where we are sort of at the point of no return...We are in a really good spot to begin... [post 2 of 2]
10-26-2018 Intel Guru Bruce [via PinkRoses] Now you guys knew they were having an election and appointment their Parliament and their Cabinet...What does it have to do with it? Well it has to do with we have been waiting on Iraq to announce their Parliament, Cabinet, new Prime Minister, and to put a rate out. We do know there is an in-country rate in Iraq which we believe is at $3.71. Then we will have our in-country rate which will be much higher well over double that we believe. The most significant piece I heard today was that approximately noon EST all the rates came off the IMF screens except 5 and those 5 were that make up the SDR Basket, the Special Drawing Right Currencies. That would be the USD, the British pound, the Euro, the Chinese Yuan, and the Swiss Franc... [post 1 of 2....stay tuned]
10-26-2018 Newshound Guru chattels So, it would appear that Iraq has a new government. The government is " incomplete " ( 14 of 22 ministers given a vote of confidence by Parliament ), but it is " functional ", i.e., there is a majority which enables the Cabinet to meet / act / govern.
10-26-2018 Newshound/Intel Guru David M. Witty Sources near Iraqi Oil Ministry: Iraq will stop exporting Kirkuk's oil to Iran in November to coincide with new U.S. sanctions.
10-26-2018 Newshound/Intel Guru Mnt Goat So now I will give you the latest numbers given to me by the reports that were given to the US Treasury on Jan 2018. The reports consist of mandatory forms filled in by currency brokers when they sell the dinar. These forms are sent to the US Treasury when you purchased your currency. There is an address space on the form for the purchaser. So you are being tracked. In order for these online internet or banks to sell these currencies outside of the global currency exchanges, they must adhere to the legal framework set up by the US Treasury. What is the latest count based on this procedure? ...the US Treasury has received 2.5 million initial purchases since 2004 when they began tracking the IQD in the USA. Most purchases are under 10 million dinar. A very large holder might hold 100 million. ...Even with the gift giving, the UN Treasury projects only maybe 2.75-3 million at best now have IQD in their possession and await the reinstatement and exchange process...
10-26-2018 Intel Guru Frank26 ...the Monetary Reform of the IQD, of the Central Bank of Iraq, is no secret. It’s no secret. They are willing. And they are telling anyone who is willing to listen, that the CBI, that Iraq, is soon to change their exchange rate.
10-26-2018 Intel Guru Bruce These rates came completely off the screen at noon, and not come back up until 2:30am. The last time that happened was the day before Kuwait revalued their Dinar. Pretty significant for those who remembered the revalued of the Kuwait Dinar. That is a big deal. The gist of this is we are so close we can just about touch it. We have been patient to wait this long, but if we are to look back at what has happened, we see all these puzzle pieces we have put together in this 1000 piece puzzle creating this picture for us. They have got this far enough where we are sort of at the point of no return...We are in a really good spot to begin... [post 2 of 2]
10-26-2018 Intel Guru Bruce [via PinkRoses] Now you guys knew they were having an election and appointment their Parliament and their Cabinet...What does it have to do with it? Well it has to do with we have been waiting on Iraq to announce their Parliament, Cabinet, new Prime Minister, and to put a rate out. We do know there is an in-country rate in Iraq which we believe is at $3.71. Then we will have our in-country rate which will be much higher well over double that we believe. The most significant piece I heard today was that approximately noon EST all the rates came off the IMF screens except 5 and those 5 were that make up the SDR Basket, the Special Drawing Right Currencies. That would be the USD, the British pound, the Euro, the Chinese Yuan, and the Swiss Franc... [post 1 of 2....stay tuned]
10-26-2018 Newshound Guru chattels So, it would appear that Iraq has a new government. The government is " incomplete " ( 14 of 22 ministers given a vote of confidence by Parliament ), but it is " functional ", i.e., there is a majority which enables the Cabinet to meet / act / govern.
10-25-2018 ***** Dinar Guru News Flash ***** It's official! Mahdi has been officially and constitutionally sworn in as the new Prime Minister. The new GOI has been seated a week before the constitutional deadline. The peaceful handoff of government control ceremony happened late yesterday with former PM Abadi. At least 14 ministers were also sworn in, including the important posts of Minister of Oil -Ghadhban and Minister of Finance -Hussein. The gurus point out that the GOI is officially seated and the transfer of power complete BUT there are still 8 or so minister seats to fill...there could be some surprises to come. Stay tuned as the gurus chime in about this HUGE surprise development! The latest guru posts will continue below...
10-25-2018 Intel Guru Frank26 The CBI...has given us all the signs without saying the word… REER... This article cuts very short. All it does not say is the acronym REER. But the whole article, is nothing more than a self-confession, a definition of the Tried, Tested, and Success of running their country at 1:1. REER stands for Real Effective Exchange Rate. REER means equalizing, bringing forth, the REAL EFFECTIVE Exchange Rate, of a countries currency; which by the way, is not a Program Rate. [Guru] Walkingstick, his friends, his bank owners, his firm, his employees were selected to do this test and trial run, on a second set of books, that the GOI, using not the Program Rate, but a 1:1 rate, testing in the process of the REER...Because these banks, that ran with the testing, and made it successful, are now reporting to them, to say: All systems are “GO” on our Monetary Reform. The environment: We have maintained the stability in the exchange rate, in foreign currencies. [post 2 of 2]
10-25-2018 Intel Guru Frank26 [via Sunkissed] Article: "The Central Bank of Iraq confirms the continuation of their reformist approach to achieve financial and monetary stability." ...the article tells you that in the last 4 years, the government along with the CBI, has been testing many companies in Iraq, like for example [Guru] Walkingstick’s firm, many banks in Iraq, many merchant accounts, many businesses, they’ve been testing them with a Dual Exchange Rate. Not only with our currency in the way we pay our people, but with our budget...And you know what? Something came out of it. REER!!! REER…is a change!…within the country’s currency, with denomination or, with the exchange rate of their currency. A change! Yes. [post 1 of 2....stay tuned]
10-25-2018 Newshound/Intel Guru Guru David M. Witty Iraq's 8 unfilled minister positions to be voted on by Parliament on 6 November.
10-25-2018 Intel Guru RayRen98 Wednesday activity in Iraq...Abdul Madhi is sworn in as the country's Prime Minister (finally)...14 ministers are also sworn in before Parliament. News reports indicate that the government of PM Abdul Madhi has become constitutional. US Banks were excited with anticipation of exchange activity possibly this week (?) Time Will Tell.
10-25-2018 Newshound Guru Kaperoni Now that the new Iraqi Gov is is place I expect the IMF to meet with the CBI in the near future to discuss monetary policy. I've always felt this consultation will occur before any significant monetary change. If you go back and look at last year's Article IV, the IMF made it very clear that the CBI needed to move to Article VIII to send a message to the global investment community that Iraq is open for business. Slowly we are inching closer to that decision which is positive for Iraq. As well, a change in exchange rate regime from fixed to float will begin to allow the dinar to rise gradually. And...due to the significance in urgency of this reform we may see this change occur very shortly. Hopefully within a month or two at the latest.
10-25-2018 Newshound Guru Adam Montana There have been times in the past where I mentioned that we have a "couple weeks" or some other amount of time where I definitely didn't see anything happening. Now is not that time... Anything can happen right now. The only issue I see right now is the final seating of the new members...It is a REALLY good feeling to be able to say the "only thing" holding us up is a finalization of the new GOI, which is proceeding very smoothly!
10-25-2018 Intel Guru Frank26 [via Sunkissed] Article: "The Central Bank of Iraq confirms the continuation of their reformist approach to achieve financial and monetary stability." ...the article tells you that in the last 4 years, the government along with the CBI, has been testing many companies in Iraq, like for example [Guru] Walkingstick’s firm, many banks in Iraq, many merchant accounts, many businesses, they’ve been testing them with a Dual Exchange Rate. Not only with our currency in the way we pay our people, but with our budget...And you know what? Something came out of it. REER!!! REER…is a change!…within the country’s currency, with denomination or, with the exchange rate of their currency. A change! Yes. [post 1 of 2....stay tuned]
10-25-2018 Newshound/Intel Guru Guru David M. Witty Iraq's 8 unfilled minister positions to be voted on by Parliament on 6 November.
10-25-2018 Intel Guru RayRen98 Wednesday activity in Iraq...Abdul Madhi is sworn in as the country's Prime Minister (finally)...14 ministers are also sworn in before Parliament. News reports indicate that the government of PM Abdul Madhi has become constitutional. US Banks were excited with anticipation of exchange activity possibly this week (?) Time Will Tell.
10-25-2018 Newshound Guru Kaperoni Now that the new Iraqi Gov is is place I expect the IMF to meet with the CBI in the near future to discuss monetary policy. I've always felt this consultation will occur before any significant monetary change. If you go back and look at last year's Article IV, the IMF made it very clear that the CBI needed to move to Article VIII to send a message to the global investment community that Iraq is open for business. Slowly we are inching closer to that decision which is positive for Iraq. As well, a change in exchange rate regime from fixed to float will begin to allow the dinar to rise gradually. And...due to the significance in urgency of this reform we may see this change occur very shortly. Hopefully within a month or two at the latest.
10-25-2018 Newshound Guru Adam Montana There have been times in the past where I mentioned that we have a "couple weeks" or some other amount of time where I definitely didn't see anything happening. Now is not that time... Anything can happen right now. The only issue I see right now is the final seating of the new members...It is a REALLY good feeling to be able to say the "only thing" holding us up is a finalization of the new GOI, which is proceeding very smoothly!
10-24-2018 ***Dinar Guru News Update*** In the left column of this page you see the CBI official rates for the dinar. The official EXCHANGE rate and the CBI reported MARKET rate. (There are two different rates reported by the CBI. The MARKET rate is the dinar rate on the streets of Iraq and part of the 2% compliance some guru believe is needed). Members have noticed the CBI has NOT updated the market rate since October 8th...that's over two weeks. The CBI generally updates this number every business day or every couple of business days. I wanted to let you know, the number shown here is the latest official CBI number released. This delay in reporting is a little out of the normal behavior from the CBI but we'll have to keep an eye on it to see if it means anything...they have delayed updates in the past. Stay tuned to see if the Gurus feel this is something interesting and meaningful or not. The latest guru posts will continue below...
10-24-2018 Newshound Guru Walkingstick [News is saying it's OFFICIAL!!! Mahdi is PM!!!] Yes, Mahdi and 14 ministers according to articles... Parliament in recess, Nov 6th.
10-24-2018 Intel Guru Frank26 Article: "The Central Bank of Iraq confirms the continuation of his reformist approach to achieve financial and monetary stability" IN OTHER WORDS...THE ENVIRONMENT IS VERY SUITABLE FOR THE SECOND ARTICLE TO COME OUT TO ALLOW THE CBI...TO BRAG ABOUT THE LAST FOUR YEARS! FROM INFLATION TO AN RI...IMO...ALL SYSTEMS ARE A GO.
10-24-2018 Newshound Guru Kaperoni So Mahdi was sworn in today along with 14 other cabinet members. PM Mahdi. So it seems officially we have a new government in Iraq. There will be some twists to this but Mahdi is officially the new Prime Minister.
10-24-2018 Newshound Guru MilitiaMan This was all done on Abadi's watch over the past four years and the CBI is telling us and the world that they are geared for the next phase of Monetary Reform. They have a surplus in the Budget enabling them to pay their internal debt and prevent impact from international conditions that may affect them in the future. They have overcome major issues and now they are telling us they have it under control and handing off a baton that is very well placed and organized for the new government and it's success. Add in the recent past symposium introducing the information on new currency, the on going AMF meeting and the seating of the the PMs cabinet here in short order if not already. These events clearly show that they are on the track to the finish line...imo. So, can we take a roll call? AMF...here! World Bank...here! Iraqi Private Banks...here! CBI...here! Ok. Everybody is here...let’s begin!!! [post 2 of 2]
10-24-2018 Newshound Guru MilitiaMan Article "The Central Bank of Iraq confirms the continuation of his reformist approach to achieve financial and monetary stability" Here we go! The hand off is about to occur! The central bank is reassuring that they have and have had full control of their monetary policy for 4 years running, just as WS [Guru Walkingstick] has told us they have. They have had the calculations all well calculated with tools in place to maintain stability of their exchange rate well into the future. They have here and in other articles talked about and showed that they have increased reserves exceeding 60 billion dollars, not to mention they increased their gold holdings by about 6.5 additional tonnes and have stated they increased revenues matching their oil output other sources necessary to compliment oil and shocks that may arise out of negative market conditions! [post 1 of 2....stay tuned]
10-24-2018 Newshound Guru chattels Article quote: "...the government still suffers from corruption, economic mismanagement and political polarization, and it will take strong secular leadership to create the stability Sistani is seeking. The question is whether such progress will be made during the ayatollah’s lifetime." The foregoing begs the question of whether we will see the stability necessary to realize an increase in the value of the dinar in our lifetime.
10-24-2018 Intel Guru Bruce I am not trying to call it. I am saying if this is to go tomorrow [Wednesday], it should go some time after that Iraq meeting concludes and after those rates are put out. Possibly they be put out around 1pm EST. We are very close to this going. Banks...are on lockdown... I am doing my very best not to call it. ...I am just trying to paint the picture I am hearing. I am putting out information that is valid, that I think is meaningful to us, and it just might bring this blessing in for us. [post 2 of 2]
10-24-2018 Intel Guru Bruce [via PinkRoses] What we understand is that the date that will go down as the start of this RV or GCR or whatever we are calling it this day, it is going to end up being ...October 22nd...We know that things have happened since last Tuesday and Thursday to move this thing forward. We know that we are right there in the sweet stop for this to go the next few days. I am hearing information that is pretty time sensitive. ...tomorrow [Wednesday], Iraq time, between 6 and 8 pm ...is the meeting that will determine everything...that is Iraq is to do the new rate for the dinar, with their Parliament...Election of their Cabinet, and everything they need to bring out. That is a two hour meeting. I am hearing about an hour afterwards, let’s call it 8:30 or 9 pm Iraq time tomorrow [Wednesday], I think they will bring out their new rate. ...convert it to US time, that means the timing of that meeting is between 10 and noon EST. 1:00pm will be an hour later. [post 1 of 2....stay tuned]
10-24-2018 Newshound Guru Phillyman Article: "Iraq’s Sadr rejects secret vote for new cabinet" Quote: "Iraq’s Shia cleric Muqtada Al-Sadr today rejected a secret vote in parliament on the new cabinet lineup." How can you blame him with all the corruption that has taken place? Sadr does not like the "secret vote" but it looks like it is still on for today.
10-24-2018 Intel Guru ADMINBILL I remain very optimistic regarding our future. The timing remains in question with several contacts believing October into mid-November possible. What happens in Iraq is window dressing...
10-24-2018 Intel Guru Frank26 Article: "The Central Bank of Iraq confirms the continuation of his reformist approach to achieve financial and monetary stability" IN OTHER WORDS...THE ENVIRONMENT IS VERY SUITABLE FOR THE SECOND ARTICLE TO COME OUT TO ALLOW THE CBI...TO BRAG ABOUT THE LAST FOUR YEARS! FROM INFLATION TO AN RI...IMO...ALL SYSTEMS ARE A GO.
10-24-2018 Newshound Guru Kaperoni So Mahdi was sworn in today along with 14 other cabinet members. PM Mahdi. So it seems officially we have a new government in Iraq. There will be some twists to this but Mahdi is officially the new Prime Minister.
10-24-2018 Newshound Guru MilitiaMan This was all done on Abadi's watch over the past four years and the CBI is telling us and the world that they are geared for the next phase of Monetary Reform. They have a surplus in the Budget enabling them to pay their internal debt and prevent impact from international conditions that may affect them in the future. They have overcome major issues and now they are telling us they have it under control and handing off a baton that is very well placed and organized for the new government and it's success. Add in the recent past symposium introducing the information on new currency, the on going AMF meeting and the seating of the the PMs cabinet here in short order if not already. These events clearly show that they are on the track to the finish line...imo. So, can we take a roll call? AMF...here! World Bank...here! Iraqi Private Banks...here! CBI...here! Ok. Everybody is here...let’s begin!!! [post 2 of 2]
10-24-2018 Newshound Guru MilitiaMan Article "The Central Bank of Iraq confirms the continuation of his reformist approach to achieve financial and monetary stability" Here we go! The hand off is about to occur! The central bank is reassuring that they have and have had full control of their monetary policy for 4 years running, just as WS [Guru Walkingstick] has told us they have. They have had the calculations all well calculated with tools in place to maintain stability of their exchange rate well into the future. They have here and in other articles talked about and showed that they have increased reserves exceeding 60 billion dollars, not to mention they increased their gold holdings by about 6.5 additional tonnes and have stated they increased revenues matching their oil output other sources necessary to compliment oil and shocks that may arise out of negative market conditions! [post 1 of 2....stay tuned]
10-24-2018 Newshound Guru chattels Article quote: "...the government still suffers from corruption, economic mismanagement and political polarization, and it will take strong secular leadership to create the stability Sistani is seeking. The question is whether such progress will be made during the ayatollah’s lifetime." The foregoing begs the question of whether we will see the stability necessary to realize an increase in the value of the dinar in our lifetime.
10-24-2018 Intel Guru Bruce I am not trying to call it. I am saying if this is to go tomorrow [Wednesday], it should go some time after that Iraq meeting concludes and after those rates are put out. Possibly they be put out around 1pm EST. We are very close to this going. Banks...are on lockdown... I am doing my very best not to call it. ...I am just trying to paint the picture I am hearing. I am putting out information that is valid, that I think is meaningful to us, and it just might bring this blessing in for us. [post 2 of 2]
10-24-2018 Intel Guru Bruce [via PinkRoses] What we understand is that the date that will go down as the start of this RV or GCR or whatever we are calling it this day, it is going to end up being ...October 22nd...We know that things have happened since last Tuesday and Thursday to move this thing forward. We know that we are right there in the sweet stop for this to go the next few days. I am hearing information that is pretty time sensitive. ...tomorrow [Wednesday], Iraq time, between 6 and 8 pm ...is the meeting that will determine everything...that is Iraq is to do the new rate for the dinar, with their Parliament...Election of their Cabinet, and everything they need to bring out. That is a two hour meeting. I am hearing about an hour afterwards, let’s call it 8:30 or 9 pm Iraq time tomorrow [Wednesday], I think they will bring out their new rate. ...convert it to US time, that means the timing of that meeting is between 10 and noon EST. 1:00pm will be an hour later. [post 1 of 2....stay tuned]
10-24-2018 Newshound Guru Phillyman Article: "Iraq’s Sadr rejects secret vote for new cabinet" Quote: "Iraq’s Shia cleric Muqtada Al-Sadr today rejected a secret vote in parliament on the new cabinet lineup." How can you blame him with all the corruption that has taken place? Sadr does not like the "secret vote" but it looks like it is still on for today.
10-24-2018 Intel Guru ADMINBILL I remain very optimistic regarding our future. The timing remains in question with several contacts believing October into mid-November possible. What happens in Iraq is window dressing...
10-23-2018 Newshound Guru ChrisC ...Do the people know they are going to be revalued? Logic would say yes and the second article is just a final statement from the CBI of timing and instructions. They went to a lot of trouble and put the people through a lot of hardship removing the 1000, 500 and 250 out of the market just so, apparently, the people wouldn't be confused with the new design. I remember when the new 100 bill came out here. It was a little of a surprise to see it but in a few days it was no big deal. I fully expect this to happen soon. It is absurd to think Iraq will not have a strong international currency...
10-23-2018 Newshound/Intel Guru David M. Witty Source says incoming Iraqi PM Abdel-Mahdi turns down Maliki's request to make Malaki's son in law minister of Youth & Sports. Also turns down Maliki's request for Dawa Party member to get Oil Ministry.
10-23-2018 Intel Guru Delta [via Clare] Nov. 4th Iran sanctions - toughest ever...SWIFT will be disconnected... can not wire money or use USD. IHO...CBI knows exactly what will happen...needs to act fast...IQD attractive right now...more demand on IQD now! Iraq is all the focus right now "Babylon is going to rise"...All eyes on Iraq...will be very successful!
10-23-2018 Intel Guru RayRen98 Iraqi TV reported that Parliament will hold its session on Thursday but cabinet-select names won't be disclosed or voted upon until next week.
10-23-2018 Intel Guru Frank26 [via Clare] Let's Make it to the Finish Line...The Blessing is well calculated...Symposium @ University of Ceyhan...hosted by CBI representatives...on Iraqi Currency..."Hot Topic". WS's [Guru Walkingstick's] firm was there...talking about LD's (250, 500, 1000) coins are still currency in translation (LD's or small categories)...We are waiting for Art 2 ...from the CBI...it will contain pictures/ descriptions/date of RI/ metals will be part of 2nd Art, which only work when 3 zeros are lifted from exchange rate...Hundreds asked questions at the end... WS's firm representatives of 4 banks in Iraq have also asked questions & already have been told, MR is happening.
10-23-2018 Newshound Guru Phillyman Article: "Parliamentary signatures to pass Abdul Mahdi's cabin through secret ballot" Quotes: "...the political blocs will vote on the government of Adel Abdul Mahdi after reviewing the biography of the ministers, and any minister whose career does not meet the specifications wanted by the Iraqi street, will be rejected nomination."; "...the Prime Minister-designate will present his cabinet to the House of Representatives on Thursday or the beginning of the last week of October to vote." Some in the dinar world suggest that the monetary change is tied to the formation of the new government. Making the leap that this article is true it looks like that may be delayed a little.
10-23-2018 Newshound/Intel Guru David M. Witty Source says incoming Iraqi PM Abdel-Mahdi turns down Maliki's request to make Malaki's son in law minister of Youth & Sports. Also turns down Maliki's request for Dawa Party member to get Oil Ministry.
10-23-2018 Intel Guru Delta [via Clare] Nov. 4th Iran sanctions - toughest ever...SWIFT will be disconnected... can not wire money or use USD. IHO...CBI knows exactly what will happen...needs to act fast...IQD attractive right now...more demand on IQD now! Iraq is all the focus right now "Babylon is going to rise"...All eyes on Iraq...will be very successful!
10-23-2018 Intel Guru RayRen98 Iraqi TV reported that Parliament will hold its session on Thursday but cabinet-select names won't be disclosed or voted upon until next week.
10-23-2018 Intel Guru Frank26 [via Clare] Let's Make it to the Finish Line...The Blessing is well calculated...Symposium @ University of Ceyhan...hosted by CBI representatives...on Iraqi Currency..."Hot Topic". WS's [Guru Walkingstick's] firm was there...talking about LD's (250, 500, 1000) coins are still currency in translation (LD's or small categories)...We are waiting for Art 2 ...from the CBI...it will contain pictures/ descriptions/date of RI/ metals will be part of 2nd Art, which only work when 3 zeros are lifted from exchange rate...Hundreds asked questions at the end... WS's firm representatives of 4 banks in Iraq have also asked questions & already have been told, MR is happening.
10-23-2018 Newshound Guru Phillyman Article: "Parliamentary signatures to pass Abdul Mahdi's cabin through secret ballot" Quotes: "...the political blocs will vote on the government of Adel Abdul Mahdi after reviewing the biography of the ministers, and any minister whose career does not meet the specifications wanted by the Iraqi street, will be rejected nomination."; "...the Prime Minister-designate will present his cabinet to the House of Representatives on Thursday or the beginning of the last week of October to vote." Some in the dinar world suggest that the monetary change is tied to the formation of the new government. Making the leap that this article is true it looks like that may be delayed a little.
10-22-2018 Newshound Guru Currency365 ...he [Abdul-Mahdi] has till NOV 3rd to announce his govt... and if he cant put people in the seats he will give some of his people 2 positions and he will take several positions himself to feel the empty seats.
10-22-2018 Newshound/Intel Guru Mnt Goat Article: "MAHDI WILL PRESENT THE NAMES OF MEMBERS OF HIS CABINET AND THE GOVERNMENT PROGRAM TO THE HOUSE OF REPRESENTATIVES ON MONDAY" ...Mahdi has come way too far already...Closer than any other designate prime minister before in getting this completed head of the deadline.
10-22-2018 Newshound/Intel Guru David M. Witty US says it will support the new Iraqi government of PM Abdel-Mahdi if Iraq fully adheres to US sanctions on Iran.
10-22-2018 Newshound/Intel Guru Mnt Goat ...this past week we heard many stories from the news media in Iraq when the announcement of Mahdi’s new government would take place. We were originally told on Thursday, then postponed until Saturday and then Sunday. Now...they are telling us to wait until Monday. I also want to reemphasize that you should NOT be anticipating an RV once the government is formed. ...This reinstatement will occur ONLY upon indication from the CBI. So far they have not said anything more in this regards. We do know they are targeting by the end of October and then they move on to EARLY 2019, if it can not be accomplished in this timeframe. Let’s sit back and see what happens...
10-22-2018 Newshound/Intel Guru David M. Witty Iraqi political source says incoming PM Abdel-Mahdi will present a partial cabinet of 15 ministers to Parliament on Wednesday for approval. Somewhere between 11 & 13 of the ministers are independents.
10-22-2018 Newshound Guru Bloodloch [...how DOES Iraq turn trillions of dinar into billions of dinar that are equal to the worth of a dollar and we still get our 'tasty treat' preferably (but unlikely) before Halloween?] [reference Guru Bloodloch post 10-21-2018] I knew I probably should not have used a Halloween metaphor. But who knows, maybe it will happen by then, although I'm not predicting as much. ...As for how they'll turn those trillions into billions, that's the crux of it, the secret sauce so to speak. The fact that the CBI hasn't announced the details yet means it's probably a secret. Whether I'm right or wrong, ...doesn't really matter. I'm waiting on the release of the very low denominations in the 1 dinar to 100 dinar range before I'll know for sure. Until then, it's still in play. The release of those very low denominations. That'll be our confirmation one way or the other.
10-22-2018 Newshound/Intel Guru Mnt Goat Article: "MAHDI WILL PRESENT THE NAMES OF MEMBERS OF HIS CABINET AND THE GOVERNMENT PROGRAM TO THE HOUSE OF REPRESENTATIVES ON MONDAY" ...Mahdi has come way too far already...Closer than any other designate prime minister before in getting this completed head of the deadline.
10-22-2018 Newshound/Intel Guru David M. Witty US says it will support the new Iraqi government of PM Abdel-Mahdi if Iraq fully adheres to US sanctions on Iran.
10-22-2018 Newshound/Intel Guru Mnt Goat ...this past week we heard many stories from the news media in Iraq when the announcement of Mahdi’s new government would take place. We were originally told on Thursday, then postponed until Saturday and then Sunday. Now...they are telling us to wait until Monday. I also want to reemphasize that you should NOT be anticipating an RV once the government is formed. ...This reinstatement will occur ONLY upon indication from the CBI. So far they have not said anything more in this regards. We do know they are targeting by the end of October and then they move on to EARLY 2019, if it can not be accomplished in this timeframe. Let’s sit back and see what happens...
10-22-2018 Newshound/Intel Guru David M. Witty Iraqi political source says incoming PM Abdel-Mahdi will present a partial cabinet of 15 ministers to Parliament on Wednesday for approval. Somewhere between 11 & 13 of the ministers are independents.
10-22-2018 Newshound Guru Bloodloch [...how DOES Iraq turn trillions of dinar into billions of dinar that are equal to the worth of a dollar and we still get our 'tasty treat' preferably (but unlikely) before Halloween?] [reference Guru Bloodloch post 10-21-2018] I knew I probably should not have used a Halloween metaphor. But who knows, maybe it will happen by then, although I'm not predicting as much. ...As for how they'll turn those trillions into billions, that's the crux of it, the secret sauce so to speak. The fact that the CBI hasn't announced the details yet means it's probably a secret. Whether I'm right or wrong, ...doesn't really matter. I'm waiting on the release of the very low denominations in the 1 dinar to 100 dinar range before I'll know for sure. Until then, it's still in play. The release of those very low denominations. That'll be our confirmation one way or the other.
10-21-2018 Newshound/Intel Guru Mnt Goat I want to remind everyone that there is NO FACTUAL basis for anyone telling you the Reinstatement is imminent. I know of a plan to reinstate the currency by the end of October if and only if the US is willing to sign off on it. This will NOT occur unless the government is “fully” formed and key positions are NOT in jeopardy. Personally, I believe we will move into 2019 without a reinstatement as the CBI is already looking at this timeframe as a possibility. There is just too much evidence building already for the case of 2019.
10-21-2018 Intel Guru RayRen98 Parliament meets today to resolve 70% or more of Madhi's cabinet selections amidst assurances that he would not select previous ministers of PM Abadi cabinet or any deputies from the current session. The intent is to conclude that the votes on the government of Madhi does not exceed this week. A memo, intended for banks to arrive late Friday evening, has not appeared with some banks and did with others. The basic emphasis is on expected changes on Forex. Let's just wait and see what happens later today when it opens. Screens were grayed out over the weekend.
10-21-2018 Intel Guru Frank26 They talk about maybe ...[Saturday], maybe Sunday, to sit the government. But they won’t. Now don’t get depressed about that. What does that have to do with the Monetary Reform? It would be nice to have it. But look, go back to the days of Maliki. Go back to the days of Abadi? Did you ever see a fully seated government? No. Fascinating isn’t it? Do you expect Mahdi to give you a fully seated Government too? In my opinion, Noooo. ...In my opinion family… Mahdi may resign before the GOI is even seated. I mean he might, he might not, it’s just my opinion. You know why it’s my opinion? Because it’s a rumor in Iraq.
10-21-2018 Newshound Guru Bloodloch There are reports of recent IQD talk from an Iraqi economist along the lines of "We should equal the US dollar." If true, this is precisely what I've been expecting them to inevitably do. To the penny. Yet, they cannot just suddenly declare 44 trillion issued and outstanding dinars to have an exchange value of 44 trillion dollars now can they? No, of course not, since the idea is not to chase dinars out of the country for subsequent ex-pat exchange abuses, but to draw them into the financial system for the benefit of all Iraqi citizens. And if that's true, that they are not going to suddenly increase the exchange value of their issued dinars to equal the dollar, one might ask, what are they going to do to reestablish a vigorous and valuable sovereign Iraqi currency? Within that answer may lie both the trick and the happy treat.
10-21-2018 Intel Guru RayRen98 Parliament meets today to resolve 70% or more of Madhi's cabinet selections amidst assurances that he would not select previous ministers of PM Abadi cabinet or any deputies from the current session. The intent is to conclude that the votes on the government of Madhi does not exceed this week. A memo, intended for banks to arrive late Friday evening, has not appeared with some banks and did with others. The basic emphasis is on expected changes on Forex. Let's just wait and see what happens later today when it opens. Screens were grayed out over the weekend.
10-21-2018 Intel Guru Frank26 They talk about maybe ...[Saturday], maybe Sunday, to sit the government. But they won’t. Now don’t get depressed about that. What does that have to do with the Monetary Reform? It would be nice to have it. But look, go back to the days of Maliki. Go back to the days of Abadi? Did you ever see a fully seated government? No. Fascinating isn’t it? Do you expect Mahdi to give you a fully seated Government too? In my opinion, Noooo. ...In my opinion family… Mahdi may resign before the GOI is even seated. I mean he might, he might not, it’s just my opinion. You know why it’s my opinion? Because it’s a rumor in Iraq.
10-21-2018 Newshound Guru Bloodloch There are reports of recent IQD talk from an Iraqi economist along the lines of "We should equal the US dollar." If true, this is precisely what I've been expecting them to inevitably do. To the penny. Yet, they cannot just suddenly declare 44 trillion issued and outstanding dinars to have an exchange value of 44 trillion dollars now can they? No, of course not, since the idea is not to chase dinars out of the country for subsequent ex-pat exchange abuses, but to draw them into the financial system for the benefit of all Iraqi citizens. And if that's true, that they are not going to suddenly increase the exchange value of their issued dinars to equal the dollar, one might ask, what are they going to do to reestablish a vigorous and valuable sovereign Iraqi currency? Within that answer may lie both the trick and the happy treat.
10-20-2018 Newshound Guru chattels [will they make the 24th deadline?] The 24th is Mahdi's target date. The constitutional "deadline" is November 2/3. News reports say Monday (22nd) or Wednesday (24th) that a list will be published, so it appears that Mahdi may meet his targeted date with a partial list. Every nominee on the list must be voted upon by Parliament individually.
10-20-2018 Intel Guru ADMINBILL ...things related to the end goal are being accomplished each and every day. Are potential "test runs" being processed through the system? Possibly...We are not there yet. But it's coming as...others are hinting at. Still no date or rates.
10-20-2018 Intel Guru Frank26 Here’s another question that my bank friends asked: Your intentions to reinstate the currency...is this correct? To which Mousawi said: We are Sovereign as a people, and we are going to have a Sovereign currency, and yes! We most definitely plan to be international. Yes! We are working with Alaq to do this… SOON. But, if I may ask a third question: What is the value of the currency going to be? Well, we are undervalue with our currency right now. It is not the true value of the dinar. We should equal the US dollar. Please notice that there is no denial of the Monetary Reform and the reinstatement of the Iraqi dinar. And please... Notice the ADMISSION...that it is in progress right now and SOON… to be released. [post 3 of 3]
10-20-2018 Intel Guru Frank26 ...Mousawi...that has worked with the CBI for many years, he has to be very careful how he answers the questions. Why? Because the whole Monetary Reform, the reinstatement of the Iraqi Dinar, is well calculated. They responded...that the process…”...is “on-going” with the CBI. It is in motion right now. That’s very good. And when do you think these Small Category Notes with the Metals, for the Fils, when do you think they are going to be coming out? He responded..We are in the education process, as we told you. And that education process continues with Alaq. And we have every intention to reform our currency...as far as the coins of the Monetary Reform, it’s definitely in process. And it has well progressed. [post 2 of 3....stay tuned]
10-20-2018 Intel Guru Frank26 ...the Symposium, that was being held by Mousawi, one of the well trusted economists in Iraq....at a University where there were hundreds of students...they were talking about the Iraqi Currency. When the Symposium was complete...they opened it up to Questions and Answers. It wasn’t for the Media. ...There were hundreds of students. Plus, my friend [Guru] Walkingstick’s firm. The Members of his Firm that own banks...all those people that represent the ownership of the banks with my friend’s company, with their firm in Iraq. When it came time for my friend Walkingstick’s firm to ask questions...They only wanted one question answered. When? When, are you going to release the Small Category Notes with the Fils, that you told us about? [post 1 of 3....stay tuned]
10-20-2018 Newshound Guru MilitiaMan Article: "Abadi office: The current government has the constitutional powers to exercise its functions and carry out its duties" Quote: "It continues to practice and assume its constitutional responsibilities and conduct business, Before parliament for the next government." They are telling us that under the present circumstances and timing, the current government can and will execute necessary constitutional obligations, economic projects (contracts), investment projects (contracts), service sector projects, urgent contracts all within the legal confines of the 2018 Budget. The President, present Prime Minister and the Prime Minister Designate are on board... I suspect...todays Oil hand off with 9 companies were part of the Urgent Contracts and not to mention inclusive by including non-fundamentalist's...In other words, they are including Christians which suggests they are gearing for to national reconciliation in which may or does include the HCL.. imo
10-20-2018 Intel Guru RayRen98 . . . Quite a few things have come in just in this hour that we'll get more confirmation on. Bottom line: We've been working at this, this long; waiting this long. What's another few hours, few more days to get the best out of this? What do you think it's going to be like when the light turns green? and all currencies are exchangeable at a new rate. Information is going to flow 10 X's as fast and as quickly. Patience is a virtue.
10-20-2018 Intel Guru ADMINBILL ...things related to the end goal are being accomplished each and every day. Are potential "test runs" being processed through the system? Possibly...We are not there yet. But it's coming as...others are hinting at. Still no date or rates.
10-20-2018 Intel Guru Frank26 Here’s another question that my bank friends asked: Your intentions to reinstate the currency...is this correct? To which Mousawi said: We are Sovereign as a people, and we are going to have a Sovereign currency, and yes! We most definitely plan to be international. Yes! We are working with Alaq to do this… SOON. But, if I may ask a third question: What is the value of the currency going to be? Well, we are undervalue with our currency right now. It is not the true value of the dinar. We should equal the US dollar. Please notice that there is no denial of the Monetary Reform and the reinstatement of the Iraqi dinar. And please... Notice the ADMISSION...that it is in progress right now and SOON… to be released. [post 3 of 3]
10-20-2018 Intel Guru Frank26 ...Mousawi...that has worked with the CBI for many years, he has to be very careful how he answers the questions. Why? Because the whole Monetary Reform, the reinstatement of the Iraqi Dinar, is well calculated. They responded...that the process…”...is “on-going” with the CBI. It is in motion right now. That’s very good. And when do you think these Small Category Notes with the Metals, for the Fils, when do you think they are going to be coming out? He responded..We are in the education process, as we told you. And that education process continues with Alaq. And we have every intention to reform our currency...as far as the coins of the Monetary Reform, it’s definitely in process. And it has well progressed. [post 2 of 3....stay tuned]
10-20-2018 Intel Guru Frank26 ...the Symposium, that was being held by Mousawi, one of the well trusted economists in Iraq....at a University where there were hundreds of students...they were talking about the Iraqi Currency. When the Symposium was complete...they opened it up to Questions and Answers. It wasn’t for the Media. ...There were hundreds of students. Plus, my friend [Guru] Walkingstick’s firm. The Members of his Firm that own banks...all those people that represent the ownership of the banks with my friend’s company, with their firm in Iraq. When it came time for my friend Walkingstick’s firm to ask questions...They only wanted one question answered. When? When, are you going to release the Small Category Notes with the Fils, that you told us about? [post 1 of 3....stay tuned]
10-20-2018 Newshound Guru MilitiaMan Article: "Abadi office: The current government has the constitutional powers to exercise its functions and carry out its duties" Quote: "It continues to practice and assume its constitutional responsibilities and conduct business, Before parliament for the next government." They are telling us that under the present circumstances and timing, the current government can and will execute necessary constitutional obligations, economic projects (contracts), investment projects (contracts), service sector projects, urgent contracts all within the legal confines of the 2018 Budget. The President, present Prime Minister and the Prime Minister Designate are on board... I suspect...todays Oil hand off with 9 companies were part of the Urgent Contracts and not to mention inclusive by including non-fundamentalist's...In other words, they are including Christians which suggests they are gearing for to national reconciliation in which may or does include the HCL.. imo
10-20-2018 Intel Guru RayRen98 . . . Quite a few things have come in just in this hour that we'll get more confirmation on. Bottom line: We've been working at this, this long; waiting this long. What's another few hours, few more days to get the best out of this? What do you think it's going to be like when the light turns green? and all currencies are exchangeable at a new rate. Information is going to flow 10 X's as fast and as quickly. Patience is a virtue.
10-19-2018 Intel Guru Delta Article: "Indicators of improvement and realistic stability Mohammed Hassan Al Mousawi" Quote: "Financial indicator: The deletion of zeros from the Iraqi currency evidence of the strength of the Iraqi dinar exchange and return to the predecessor of his reign." [This ENTIRE article is telling us ALL the accomplishments that Iraq HAS ACHIEVED!! IMO...all past tense!] I DID READ IT AN ARABIC ...YES THIS MAN SAYING IT'S DONE...
10-19-2018 Newshound/Intel Guru Mnt Goat We heard that on Wednesday 10/24 the designate prime minster is supposed to announce candidates (as least half of his new cabinet) to meet the constitution deadline. But wait a second...the constitution says entire government not half of it. But this is a game each prime minister plays. They submit an entire list of nominees then they expect some to be rejected. They then have another 30 days to re-select these remaining positions. This meets the deadline and everyone is happy. We are in the waiting mode again.
10-19-2018 Newshound Guru Currency365 Iraq’s Oil Minister Jabbar al-Luiebi decreed on Thursday the transfer of the ownership of nine state-held oil companies from the oil ministry to the newly formed National Oil Company...(Preparing for Citizens monthly Oil Revenue)
10-19-2018 Intel Guru Bruce On Tues. Oct. 16 Trump gave Iraq a 48 hour window to get things done. They met that deadline by Thurs. Oct. 18. A super rich person in Jordan was using his office in Iraq to funnel money to terrorists. They handled this by freezing accounts in order to meet the deadline and be RV ready. Today [Thursday] Oct. 18 the new Rates went back up on the bank screens, and then went to flashing as they adjusted to the QFS system. Bruce was told this would be a morning daytime event. They may wait until all banks across the nation were open before releasing. You could negotiate your rates, although the screen rates were so good that you may not want to.
10-19-2018 Newshound/Intel Guru David M. Witty Iraqi political sources say PM Abdel-Mahdi (designate) will present his cabinet to Parliament next week but without names for ministers of Defense, Interior, Foreign, Oil & Finance. Still searching for these & tied to political parties' desires.
10-19-2018 Newshound Guru Bloodloch I noticed some suggestions going around here and there concerning the total of dinars In circulation (currency issued) going from about 150 trillion to 44 trillion dinars as a sign of the CBI's seriousness about their plan to revitalize or reinvigorate their currency, and that got me to thinking. Cutting to the chase, the fact is that the CBI has never shown a currency issued figure anywhere near 150 trillion dinars. ...The most recent value for Currency Issued per the CBI financial statements as of December 31, 2017, is indeed 44 trillion dinars, as seems to now be commonly known. ...It's important as a community that we rely on confirmable facts in our analyses. These corrected facts will bear fruit.
10-19-2018 Newshound/Intel Guru Mnt Goat We heard that on Wednesday 10/24 the designate prime minster is supposed to announce candidates (as least half of his new cabinet) to meet the constitution deadline. But wait a second...the constitution says entire government not half of it. But this is a game each prime minister plays. They submit an entire list of nominees then they expect some to be rejected. They then have another 30 days to re-select these remaining positions. This meets the deadline and everyone is happy. We are in the waiting mode again.
10-19-2018 Newshound Guru Currency365 Iraq’s Oil Minister Jabbar al-Luiebi decreed on Thursday the transfer of the ownership of nine state-held oil companies from the oil ministry to the newly formed National Oil Company...(Preparing for Citizens monthly Oil Revenue)
10-19-2018 Intel Guru Bruce On Tues. Oct. 16 Trump gave Iraq a 48 hour window to get things done. They met that deadline by Thurs. Oct. 18. A super rich person in Jordan was using his office in Iraq to funnel money to terrorists. They handled this by freezing accounts in order to meet the deadline and be RV ready. Today [Thursday] Oct. 18 the new Rates went back up on the bank screens, and then went to flashing as they adjusted to the QFS system. Bruce was told this would be a morning daytime event. They may wait until all banks across the nation were open before releasing. You could negotiate your rates, although the screen rates were so good that you may not want to.
10-19-2018 Newshound/Intel Guru David M. Witty Iraqi political sources say PM Abdel-Mahdi (designate) will present his cabinet to Parliament next week but without names for ministers of Defense, Interior, Foreign, Oil & Finance. Still searching for these & tied to political parties' desires.
10-19-2018 Newshound Guru Bloodloch I noticed some suggestions going around here and there concerning the total of dinars In circulation (currency issued) going from about 150 trillion to 44 trillion dinars as a sign of the CBI's seriousness about their plan to revitalize or reinvigorate their currency, and that got me to thinking. Cutting to the chase, the fact is that the CBI has never shown a currency issued figure anywhere near 150 trillion dinars. ...The most recent value for Currency Issued per the CBI financial statements as of December 31, 2017, is indeed 44 trillion dinars, as seems to now be commonly known. ...It's important as a community that we rely on confirmable facts in our analyses. These corrected facts will bear fruit.
10-18-2018 Newshound/Intel Guru Mnt Goat Right now we are waiting for the new designate PM to form his government, which is his cabinet of ministers that run the government. We know the constitutional deadline is Oct 24th in which to do this. The new speaker just told us...that he fully expects to hold a vote to ratify the new cabinet within this timeframe. We know the USA refuses to sign off and give a full commitment to reinstate the dinar unless they see a stable new government. One of the conditions they have give is to form their new government. Iraqi news reports that Prime Minister-Designate Madhi will present his cabinet choices on Saturday Oct 20th and Parliament will hold a special session on Sunday for voting.
10-18-2018 Newshound/Intel Guru David M. Witty In Iraq, source says Maliki is thinking of withdrawing from the new government formation process. Previously it was stated Maliki would maintain his position as deputy president in new government.
10-18-2018 Newshound/Intel Guru Mnt Goat We all are aware that the dinar, as it stands today, is worth much more than the program rate now assigned by the CBI. But this higher rate must be realized by supply and demand for the currency. Just be reducing the amount of dinar in circulation down from about 150 trillion to 44 trillion dinars alone is showing us the CBI is serious about this plan. It is only when the dinar is re-pegged to the SDR basket and then gets reinstated to the open market trading platforms once again, as it was in pre-war days, that the dinar can potentially go to a much more substantial rate. Many call this the “revaluation” or RV but technically an RV never really happens. It is a “reinstatement” that occurs that eventually gives the dinar back it former rate (glory days) plus more.
10-18-2018 Newshound Guru Phillyman ...Abdul-Mahdi is supposed to finally present at least half his cabinet next week but as I read in one article there still are issues. Quote: "According to the sources, the debate is still large on the ministries of defense and interior and foreign affairs and finance and planning..." But, the big article of today to me is the GE news...The Trump administration intervened to quash a $15 billion deal for Siemens Corp. to develop power stations in Iraq, instead persuading Baghdad to sign an agreement with General Electric Co., two administration officials said. Article quote: “This is part of very strong campaign of engagement in Iraqi government formation and a very targeted effort to support the Iraqi government and minimize Iranian influence,”
10-18-2018 Newshound Guru Adam Montana Iraq, with a very significant chunk of the black gold available to us on this planet, somehow slipped through the cracks and didn't even have to raise a hand in agreement with this major agreement that was put in place by some tiny insignificant countries like Saudi Arabia, Kuwait, wait a minute... those are NOT tiny or insignificant! Quite the opposite, in fact - they are major players. Some of the OPEC members have substantially less resources than Iraq. This is important to remember because to this very day, Iraq has not made any promises to abide by the current agreement. This gives them the full ability to stockpile reserves, and flood the market at a moment's notice, which could bring in an enormous pile of cash to use in any way they want...You know, like... funding an RV. [post 2 of 2]
10-18-2018 Newshound Guru Adam Montana Article: "OPEC Secretary General calls on oil producing countries to increase production" ...It was not too long ago that the "Oil and Petroleum Exporting Countries" came to an agreement (unanimous, if I recall correctly) to work together on regulating the production of oil, as a sort of "emergency" measure to keep the markets under control in some uncertain times. They all agreed to control their production. They made a big deal out of it. Iraq's position in this agreement is HUGE... mostly because they are barely even mentioned in all 39 of those pages!!! [post 1 of 2....stay tuned]
10-18-2018 Newshound/Intel Guru David M. Witty In Iraq, source says Maliki is thinking of withdrawing from the new government formation process. Previously it was stated Maliki would maintain his position as deputy president in new government.
10-18-2018 Newshound/Intel Guru Mnt Goat We all are aware that the dinar, as it stands today, is worth much more than the program rate now assigned by the CBI. But this higher rate must be realized by supply and demand for the currency. Just be reducing the amount of dinar in circulation down from about 150 trillion to 44 trillion dinars alone is showing us the CBI is serious about this plan. It is only when the dinar is re-pegged to the SDR basket and then gets reinstated to the open market trading platforms once again, as it was in pre-war days, that the dinar can potentially go to a much more substantial rate. Many call this the “revaluation” or RV but technically an RV never really happens. It is a “reinstatement” that occurs that eventually gives the dinar back it former rate (glory days) plus more.
10-18-2018 Newshound Guru Phillyman ...Abdul-Mahdi is supposed to finally present at least half his cabinet next week but as I read in one article there still are issues. Quote: "According to the sources, the debate is still large on the ministries of defense and interior and foreign affairs and finance and planning..." But, the big article of today to me is the GE news...The Trump administration intervened to quash a $15 billion deal for Siemens Corp. to develop power stations in Iraq, instead persuading Baghdad to sign an agreement with General Electric Co., two administration officials said. Article quote: “This is part of very strong campaign of engagement in Iraqi government formation and a very targeted effort to support the Iraqi government and minimize Iranian influence,”
10-18-2018 Newshound Guru Adam Montana Iraq, with a very significant chunk of the black gold available to us on this planet, somehow slipped through the cracks and didn't even have to raise a hand in agreement with this major agreement that was put in place by some tiny insignificant countries like Saudi Arabia, Kuwait, wait a minute... those are NOT tiny or insignificant! Quite the opposite, in fact - they are major players. Some of the OPEC members have substantially less resources than Iraq. This is important to remember because to this very day, Iraq has not made any promises to abide by the current agreement. This gives them the full ability to stockpile reserves, and flood the market at a moment's notice, which could bring in an enormous pile of cash to use in any way they want...You know, like... funding an RV. [post 2 of 2]
10-18-2018 Newshound Guru Adam Montana Article: "OPEC Secretary General calls on oil producing countries to increase production" ...It was not too long ago that the "Oil and Petroleum Exporting Countries" came to an agreement (unanimous, if I recall correctly) to work together on regulating the production of oil, as a sort of "emergency" measure to keep the markets under control in some uncertain times. They all agreed to control their production. They made a big deal out of it. Iraq's position in this agreement is HUGE... mostly because they are barely even mentioned in all 39 of those pages!!! [post 1 of 2....stay tuned]
10-17-2018 Newshound/Intel Guru Mnt Goat THE PROJECT TO DELETE THE ZEROS IS IN MOTION...We are now seeing the very slow transition to the dependence on the smaller denominations as part of the plan. We know this is within the last steps of the plan. Soon they will launch out the next set of even yet smaller, smaller denominations...the initial removal of the 3 zeros will not impact the rate. ...They are not reducing the value or increasing the value of the dinar within the “initial” stages of the plan to delete the zeros. ...initially the rate in country will come out at about 1:1 for about 2-3 weeks prior to us seeing it on the global trading platforms. This gives the CBI time to monitor it and adjust for inflation. Then when it does finally come out on the exchanges, it will be adjusted to the new SDR basket and put on a float (as all currencies on the exchanges are on a float). There will probably be a fixed cap (a predetermined maximum rate).
10-17-2018 Newshound Guru Kaperoni I assure you nothing is going to happen with the dinar until the government is formed and parliament passes the necessary delinquent laws. I also expect the IMF to meet with the CBI. I have said on numerous occasions IMF Article VIII is critical to opening Iraq's banking to the world's Financial system. I don't see that happening until after the IMF meets with the CBI to have their Article IV Consultation which has been postponed til the formation of the gov.
10-17-2018 Newshound Guru Walkingstick [via Clare] A Sovereign Currency for a Sovereign Country...When a Governor puts a signature on currency it's because preparing to leave and go International / Global markets...Table has turned... CBI saying we are getting it Done! So much in place ...Very impressive...GOI tipped their hat by supporting Alak's signature...GOI is saying currency is going international...IQD is going to change the face of the global market, because of a Basket!
10-17-2018 Newshound/Intel Guru Mnt Goat CURRENT TARGET DATE BY THE CBI: I want everyone to understand that I have always been telling you that they are now targeting to reinstate the Iraqi dinar by the end of October (of 2018) and if they don’t do it then they know that they could be in jeopardy of having to wait into EARLY 2019 due to possible instability that may be caused by the ramped up new Iranian sanctions. This part of the plan to delete the zeros is not something you just snap your fingers and its done.
10-17-2018 Intel Guru Bruce I have heard they wanted to adjust the rates over the next day or two. Either Wednesday or Thursday they should have those where they want them to be for us to go. The rates are being traded upwards. So I am excited where we are going. We are coming up on it. I would say the intention is for this to go down in the next two to two and half days. Simple as that. I know in Iraq they have plans to celebrate... Wednesday, Thursday, and Saturday. I think they are ready for something to pop over there or they wouldn’t be setting up celebrations. People are excited about it. The ones we are talking to over there are excited about it, and they see this happening. [post 2 of 2]
10-17-2018 Intel Guru Bruce [via PinkRoses] ...it seems to an extent that we are waiting on Iraq to flip the switch for their own evaluation of their dinar publicly. We know it has been going up in value in country and on their debit card, the so called Qi cards for months now. We know it has not been made public on the CBI or anywhere else. ...Where we are is Iraq’s Prime Minister Mahdi is to select or has already selected the cabinet for the Parliament, his cabinet. That is to be given over to the Parliament to vote in on Sunday. Now that is for I believe is for something of a formality. I think what has happened is President Trump had a conversation very early in the morning...with Abadi to get this thing done in terms what Iraq needs to do with their Parliament, the seating of it, to have that done as well as their rate out published in 48 hours. I believe they are going to do that... [post 1 of 2....stay tuned]
10-17-2018 Newshound Guru chattels Article quote: "The government is forming smoothly and we are confident that the government will be formed before the constitutional deadline expires," The constitutional deadline expires on November 2/3 depending upon the news that one reads.
10-17-2018 Newshound/Intel Guru BGG Article: "Commission likely to announce the final results of the parliamentary elections by this date" Quote: "The spokesman for the Electoral Commission for Elections and Referendum in the Kurdistan Region, Monday, announced the final results of the parliamentary elections in Kurdistan within 5 to 7 days." There is a reason they haven’t been very forthcoming with these results… we shall soon see why.
10-17-2018 Newshound Guru Kaperoni I assure you nothing is going to happen with the dinar until the government is formed and parliament passes the necessary delinquent laws. I also expect the IMF to meet with the CBI. I have said on numerous occasions IMF Article VIII is critical to opening Iraq's banking to the world's Financial system. I don't see that happening until after the IMF meets with the CBI to have their Article IV Consultation which has been postponed til the formation of the gov.
10-17-2018 Newshound Guru Walkingstick [via Clare] A Sovereign Currency for a Sovereign Country...When a Governor puts a signature on currency it's because preparing to leave and go International / Global markets...Table has turned... CBI saying we are getting it Done! So much in place ...Very impressive...GOI tipped their hat by supporting Alak's signature...GOI is saying currency is going international...IQD is going to change the face of the global market, because of a Basket!
10-17-2018 Newshound/Intel Guru Mnt Goat CURRENT TARGET DATE BY THE CBI: I want everyone to understand that I have always been telling you that they are now targeting to reinstate the Iraqi dinar by the end of October (of 2018) and if they don’t do it then they know that they could be in jeopardy of having to wait into EARLY 2019 due to possible instability that may be caused by the ramped up new Iranian sanctions. This part of the plan to delete the zeros is not something you just snap your fingers and its done.
10-17-2018 Intel Guru Bruce I have heard they wanted to adjust the rates over the next day or two. Either Wednesday or Thursday they should have those where they want them to be for us to go. The rates are being traded upwards. So I am excited where we are going. We are coming up on it. I would say the intention is for this to go down in the next two to two and half days. Simple as that. I know in Iraq they have plans to celebrate... Wednesday, Thursday, and Saturday. I think they are ready for something to pop over there or they wouldn’t be setting up celebrations. People are excited about it. The ones we are talking to over there are excited about it, and they see this happening. [post 2 of 2]
10-17-2018 Intel Guru Bruce [via PinkRoses] ...it seems to an extent that we are waiting on Iraq to flip the switch for their own evaluation of their dinar publicly. We know it has been going up in value in country and on their debit card, the so called Qi cards for months now. We know it has not been made public on the CBI or anywhere else. ...Where we are is Iraq’s Prime Minister Mahdi is to select or has already selected the cabinet for the Parliament, his cabinet. That is to be given over to the Parliament to vote in on Sunday. Now that is for I believe is for something of a formality. I think what has happened is President Trump had a conversation very early in the morning...with Abadi to get this thing done in terms what Iraq needs to do with their Parliament, the seating of it, to have that done as well as their rate out published in 48 hours. I believe they are going to do that... [post 1 of 2....stay tuned]
10-17-2018 Newshound Guru chattels Article quote: "The government is forming smoothly and we are confident that the government will be formed before the constitutional deadline expires," The constitutional deadline expires on November 2/3 depending upon the news that one reads.
10-17-2018 Newshound/Intel Guru BGG Article: "Commission likely to announce the final results of the parliamentary elections by this date" Quote: "The spokesman for the Electoral Commission for Elections and Referendum in the Kurdistan Region, Monday, announced the final results of the parliamentary elections in Kurdistan within 5 to 7 days." There is a reason they haven’t been very forthcoming with these results… we shall soon see why.
10-16-2018 Newshound/Intel Guru Mnt Goat Article quote: "...the Financial Advisor to the Prime Minister confirmed the appearance of Mohammed Salih on Sunday that the sovereign wealth fund (now 20 trillion dollars (not dinars) will be launched next year 2019 after the implementation of the law of the National Oil Company, noting that the fund will be used for development purposes directly." Talk about “financial stability”? WOW!
10-16-2018 Newshound Guru Kaperoni Another article states...Iraq is going to have a great economic renaissance and investment from non-oil in the coming period. Let's hope.
10-16-2018 Intel Guru RayRen98 Iraqi news reports that PM Madhi will announce his complete cabinet on Thursday or Saturday. Bankers are meeting later today to discuss the release details and expected date of the RV.
10-16-2018 Newshound Guru Breitling …But if anything ever comes up…I will say hey guys shut it down, get rid of your dinar at any rate you can because it’s not going to revalue. I promise you that…nothing has changed. If the CBI has not put anything out then nothing has changed…unbelievable happy situation for us what Iraq wants to do…what Iran is plotting for Iraq to do. That’s what they want. All of a sudden it’s a big deal for Iraq to revalue because they [Iran] can benefit from it. Why? Because their country is being shut off from the world. That’s a huge plus for us. You should be excited. I’m not kidding, you should be very very excited because it means something. Now what’s the rate and what’s the date it’s going to come out? I haven’t got a clue… [Post 2 of 2]
10-16-2018 Newshound Guru Breitling If I see there is no path at all. I have no problem of telling you, ‘Hey guys this probably is not going to work out.’ I have absolutely no problem telling you all knock it off and get out. I’m not emotionally, physically, anything, attached to this. I’m speculating and I’m watching the numbers. Now I happen to think it’s going to revalue and I have absolute confidence that it’s going to. And you guys know why… because I’m showing you the numbers. I keep going over it over and over again. Absolute confidence. [Post 1 of 2: Stay tuned for the rest of the story]
10-16-2018 Newshound Guru chattels Eight days remaining for Mahdi to meet his targeted date of October 24 to form the next government.
10-16-2018 Newshound/Intel Guru Mnt Goat Article quote: "The initial draft of the budget law of 2019 INCLUDED A MAJOR ECONOMIC BOOM FOR THE COUNTRY. THIS INCREASE IN INVESTMENT SPENDING, WILL REVIVE THE PRIVATE SECTOR AND INVESTMENT IN THE COUNTRY, which contributes to increase the recruitment of labor and reduce unemployment rates in the country.” 2018 budget was based on $45+ for a barrel of oil. Oil is now almost double that amount $70+. So there is a huge surplus of oil revenues. Iraq is not only swimming in oil they are also swimming in mullah (money).
10-16-2018 Newshound Guru Kaperoni Another article states...Iraq is going to have a great economic renaissance and investment from non-oil in the coming period. Let's hope.
10-16-2018 Intel Guru RayRen98 Iraqi news reports that PM Madhi will announce his complete cabinet on Thursday or Saturday. Bankers are meeting later today to discuss the release details and expected date of the RV.
10-16-2018 Newshound Guru Breitling …But if anything ever comes up…I will say hey guys shut it down, get rid of your dinar at any rate you can because it’s not going to revalue. I promise you that…nothing has changed. If the CBI has not put anything out then nothing has changed…unbelievable happy situation for us what Iraq wants to do…what Iran is plotting for Iraq to do. That’s what they want. All of a sudden it’s a big deal for Iraq to revalue because they [Iran] can benefit from it. Why? Because their country is being shut off from the world. That’s a huge plus for us. You should be excited. I’m not kidding, you should be very very excited because it means something. Now what’s the rate and what’s the date it’s going to come out? I haven’t got a clue… [Post 2 of 2]
10-16-2018 Newshound Guru Breitling If I see there is no path at all. I have no problem of telling you, ‘Hey guys this probably is not going to work out.’ I have absolutely no problem telling you all knock it off and get out. I’m not emotionally, physically, anything, attached to this. I’m speculating and I’m watching the numbers. Now I happen to think it’s going to revalue and I have absolute confidence that it’s going to. And you guys know why… because I’m showing you the numbers. I keep going over it over and over again. Absolute confidence. [Post 1 of 2: Stay tuned for the rest of the story]
10-16-2018 Newshound Guru chattels Eight days remaining for Mahdi to meet his targeted date of October 24 to form the next government.
10-16-2018 Newshound/Intel Guru Mnt Goat Article quote: "The initial draft of the budget law of 2019 INCLUDED A MAJOR ECONOMIC BOOM FOR THE COUNTRY. THIS INCREASE IN INVESTMENT SPENDING, WILL REVIVE THE PRIVATE SECTOR AND INVESTMENT IN THE COUNTRY, which contributes to increase the recruitment of labor and reduce unemployment rates in the country.” 2018 budget was based on $45+ for a barrel of oil. Oil is now almost double that amount $70+. So there is a huge surplus of oil revenues. Iraq is not only swimming in oil they are also swimming in mullah (money).
10-15-2018 Newshound Guru Shredd Article: "Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion dinars" Quote: "The Central Bank of Iraq, on Thursday, that the deletion of zeros is still in place, indicating that the amount of cash mass in the market is 44 trillion dinars." Great to see this. We've talked a ton about this over the past several years. If this project continues, that means sufficient stability is achieved and that's exciting news.
10-15-2018 Newshound/Intel Guru Mnt Goat We know that much is changing... There is much in our favor and Iraq is more equipped to reinstate their currency now more than ever...It seems all indicators are VERY good that the CBI is targeting EARLY 2019 for the reinstatement of the Iraqi dinar...
10-15-2018 Intel Guru RayRen98 On Sunday, Iraqi TV reported that several members of Parliament are planning to refuse some of the names already submitted by Mahdi. If they do, the Prime Minister-Designate will have 30 days to get those names replaced.
10-15-2018 Newshound Guru Bloodloch Article: "CBI: No intention to withdraw new currencies" Quote: "The bank stresses that efforts are continuing to introduce more small paper classes..." More small classes. Plural. Fascinating.
10-15-2018 Newshound/Intel Guru Mnt Goat Article: "LATEST CURRENCY CRISIS IS A FABRICATED, A POLITICAL SENSATION AIMED AT HITTING THE NATIONAL CURRENCY AND THE NATIONAL ECONOMY" I would suggest everyone ignore...these articles about the new format of the currency and the signatures issues. The formats are all approved probably months is not years ago. So what is important in this article for us then? They are telling us the timing of the reinstatement is important as it coincides with high oil prices. Did I not tell everyone that this was something we had to look for and dependency on the timing? ...High Oil prices is part of having the “appropriate environment” for the RV.
10-15-2018 Newshound Guru Breitling Anyone can have an opinion on the Iraqi Dinar, up or down. It does not matter. That is not illegal…two, it is not illegal to sell Iraqi Dinar…Iraq is a country. It’s their currency. It’s not a scam. It’s a country’s currency…this is a legitimate opportunity. We are speculating on the time and the rate. It’s nothing but pure speculation… It's the CBI. They have the authority…Did the CBI put out a statement saying they were not going to revalue their currency? That they have no plan at all to add value to their currency? What about the Ministry of Finance? What about the Ministry of Planning? What about Parliament? That kind of narrows it down. You have four solid entities that you can watch…that you can get a bearing. It’s that simple…what matters is what the CBI says…the news coming out of Iraq is phenomenal!
10-15-2018 Newshound/Intel Guru Mnt Goat We know that much is changing... There is much in our favor and Iraq is more equipped to reinstate their currency now more than ever...It seems all indicators are VERY good that the CBI is targeting EARLY 2019 for the reinstatement of the Iraqi dinar...
10-15-2018 Intel Guru RayRen98 On Sunday, Iraqi TV reported that several members of Parliament are planning to refuse some of the names already submitted by Mahdi. If they do, the Prime Minister-Designate will have 30 days to get those names replaced.
10-15-2018 Newshound Guru Bloodloch Article: "CBI: No intention to withdraw new currencies" Quote: "The bank stresses that efforts are continuing to introduce more small paper classes..." More small classes. Plural. Fascinating.
10-15-2018 Newshound/Intel Guru Mnt Goat Article: "LATEST CURRENCY CRISIS IS A FABRICATED, A POLITICAL SENSATION AIMED AT HITTING THE NATIONAL CURRENCY AND THE NATIONAL ECONOMY" I would suggest everyone ignore...these articles about the new format of the currency and the signatures issues. The formats are all approved probably months is not years ago. So what is important in this article for us then? They are telling us the timing of the reinstatement is important as it coincides with high oil prices. Did I not tell everyone that this was something we had to look for and dependency on the timing? ...High Oil prices is part of having the “appropriate environment” for the RV.
10-15-2018 Newshound Guru Breitling Anyone can have an opinion on the Iraqi Dinar, up or down. It does not matter. That is not illegal…two, it is not illegal to sell Iraqi Dinar…Iraq is a country. It’s their currency. It’s not a scam. It’s a country’s currency…this is a legitimate opportunity. We are speculating on the time and the rate. It’s nothing but pure speculation… It's the CBI. They have the authority…Did the CBI put out a statement saying they were not going to revalue their currency? That they have no plan at all to add value to their currency? What about the Ministry of Finance? What about the Ministry of Planning? What about Parliament? That kind of narrows it down. You have four solid entities that you can watch…that you can get a bearing. It’s that simple…what matters is what the CBI says…the news coming out of Iraq is phenomenal!
10-14-2018 ***Dinar Guru News Update*** A bit of sad but promising news...Guest Guru BobTheTaxMan was having chest pains, got checked out and turns out he needed quadruple bypass surgery. The great news is he's doing fine now. He'll need some time to recover from major surgery. As always, regardless if you agree or disagree with his view on things...We're all one big happy community...be sure to send him a positive thought or prayer today. The latest guru posts will continue below...
10-14-2018 Intel Guru Frank26 ...if we see any more GOI seating, which we feel in our opinion, we’ll see, some AMAZING names, come up very soon. Theres also something else that we should see between now and next Monday. In my opinion, look for Mahdi to meet with the Central Bank of Iraq.
10-14-2018 Newshound Guru Don961 [In this article it states "Abdul Mahdi has 30 days to form his government and is likely to succeed" When did the 30 days start?] Nov. 3 is the end of the mandate to form a cabinet ... it can be satisfied any time before that of course.
10-14-2018 Intel/Newshound Guru sandyf Article quote: "Experts predict this announcement will trigger one of the most profound transfers of wealth in our lifetime." That was a quote from an article being discussed a few days ago. I said a while back that there were indications from outside dinarland of something positive this year and that is still the case. ...Obviously nothing is cast in stone but optimism is higher than ever before but not going to say too much in public.
10-14-2018 Newshound Guru chattels Article quote: "The new government will include independent ministers and other representatives from major parties, who will be selected before the deadline Abdul-Mahdi set on October 24." So, it appears that the constitutional deadline is November 2nd, but Mahdi has targeted October 24th as the date for the formation of the new/next government.
10-14-2018 Newshound Guru Currency365 Mohammed Saleh on Sunday said that the sovereign wealth fund will be launched next year after the implementation of the law of the National Oil Company, noting that funds will be used for development purposes directly...#iraq got money like crazy but pretend they poor lol
10-14-2018 Newshound Guru Breitling …If it doesn’t come from the CBI crumble it up in a little ball and throw it in the…trash! Because it means nothing. Remember, the authority comes from the CBi. If it does not come from the CBI, it does not exist…one of the scenarios out there, what if they do produce new notes? Like a 1000 note or the notes that are already out there that we have? There is nothing wrong with that. They gotta replace the currency sooner or later with new currency. This stuff gets damaged, it gets old…they honor different people or different heritage sites…that’s one of the new currencies coming out in Iraq - SUPPOSEDLY! Again I have not heard that from the CBI…it definitely didn’t come from parliament…It didn’t come from the Minister of Planning…It didn’t come from the Minister of Finance. So that’s pretty much it. You have the entities that can point Iraq into a certain direction and you have the actual entity that performs and manages it. That’s the CBI. Nothing in these articles say they’re in line with these entities…
10-14-2018 Newshound Guru MilitiaMan Article: "University of Ceyhan to host a symposium on the Iraqi currency next Monday" Quote: "the lecture will be about the importance of enhancing confidence in the Iraqi currency in light of the major challenges facing the global monetary system as a result of the economic war between the major powers." A high level show and tell on Monday, interesting. Timing of the 2019 budget that needs to be addressed by the HOR by the 15th, Monday. Confidence comes from a strong currency and 1190 is not strong, by any stretch of the means. An international rate (calculation) applied accordingly along with the new small categories with metals will do the trick, just as the economist told us that he doesn't mind the Alak signature on the currency, just get it to, or at least 1:1... lol
10-14-2018 Newshound Guru Don961 [In this article it states "Abdul Mahdi has 30 days to form his government and is likely to succeed" When did the 30 days start?] Nov. 3 is the end of the mandate to form a cabinet ... it can be satisfied any time before that of course.
10-14-2018 Intel/Newshound Guru sandyf Article quote: "Experts predict this announcement will trigger one of the most profound transfers of wealth in our lifetime." That was a quote from an article being discussed a few days ago. I said a while back that there were indications from outside dinarland of something positive this year and that is still the case. ...Obviously nothing is cast in stone but optimism is higher than ever before but not going to say too much in public.
10-14-2018 Newshound Guru chattels Article quote: "The new government will include independent ministers and other representatives from major parties, who will be selected before the deadline Abdul-Mahdi set on October 24." So, it appears that the constitutional deadline is November 2nd, but Mahdi has targeted October 24th as the date for the formation of the new/next government.
10-14-2018 Newshound Guru Currency365 Mohammed Saleh on Sunday said that the sovereign wealth fund will be launched next year after the implementation of the law of the National Oil Company, noting that funds will be used for development purposes directly...#iraq got money like crazy but pretend they poor lol
10-14-2018 Newshound Guru Breitling …If it doesn’t come from the CBI crumble it up in a little ball and throw it in the…trash! Because it means nothing. Remember, the authority comes from the CBi. If it does not come from the CBI, it does not exist…one of the scenarios out there, what if they do produce new notes? Like a 1000 note or the notes that are already out there that we have? There is nothing wrong with that. They gotta replace the currency sooner or later with new currency. This stuff gets damaged, it gets old…they honor different people or different heritage sites…that’s one of the new currencies coming out in Iraq - SUPPOSEDLY! Again I have not heard that from the CBI…it definitely didn’t come from parliament…It didn’t come from the Minister of Planning…It didn’t come from the Minister of Finance. So that’s pretty much it. You have the entities that can point Iraq into a certain direction and you have the actual entity that performs and manages it. That’s the CBI. Nothing in these articles say they’re in line with these entities…
10-14-2018 Newshound Guru MilitiaMan Article: "University of Ceyhan to host a symposium on the Iraqi currency next Monday" Quote: "the lecture will be about the importance of enhancing confidence in the Iraqi currency in light of the major challenges facing the global monetary system as a result of the economic war between the major powers." A high level show and tell on Monday, interesting. Timing of the 2019 budget that needs to be addressed by the HOR by the 15th, Monday. Confidence comes from a strong currency and 1190 is not strong, by any stretch of the means. An international rate (calculation) applied accordingly along with the new small categories with metals will do the trick, just as the economist told us that he doesn't mind the Alak signature on the currency, just get it to, or at least 1:1... lol
10-13-2018 Intel Guru RayRen98 On the Iraqi TV news, Prime Minister-Designate Madhi was stating that his cabinet will be selected and in place within the next 10 days. Parliament held its meeting today and announced the names of all of the new committees.
10-13-2018 Newshound Guru Phillyman ...I listened to [Guru] Breitlings latest. For what its worth he believes that Iran would support the RV (or whatever you want to label it) due to the major squeeze that the US and sanctions are putting on them. As you know, sanctions really notch up in November. I...found this article which just showed up in Iraq Business News to give me pause. "Iran ready to establish joint bank with Iraq" Quotes: "Iran’s private banks have reportedly laid the groundwork for setting up a joint bank with their counterparts in Iraq."; "...the bank would operate under the regulations of central banks of the two countries to facilitate money transfer." [reference Guru Breitling 10-13-2018]
10-13-2018 Newshound Guru Kaperoni Do y'all remember back in 2012 when al-Maliki ran the current CBI Governor Shabibi out of the country? Well in recent days the uprising over Ali al-Alaq signature on the new printed notes has the smell of Maliki. What I mean by that is all of the complaining that he didn't have authority to put a signature on the new notes, and now the recent lawsuit against him for doing so seems like an attempt to stop progress and monetary policy and its tracks. I may be wrong but this looks like an opportunity for Maliki to run Alaq out of his proxy CBI position just like he did Shabibi and slow down the CBI's attempt to develop banking and engage it with the world's financial system. Maliki has already found out that the best way to stop progress is to run the governor out of the CBI as it would set back progress several years. I hope I'm wrong and this is something that blows over in a few days and we can get back to taking steps forward.
10-13-2018 Newshound/Intel Guru Mnt Goat Article: "CBI SAYS... "PROJECT DELETE THE ZEROS OF THE IRAQI CURRENCY STILL STANDS," So the CBI...confirmed...that the plan was derived in 2011 and then postponed the last time in 2014 due to ISIS...The mere fact that: 1. the CBI is now taking action on the issuing of these new formatted smaller category notes; 2. this news in this article; 3. along with the timing of all of these items is telling us that the CBI is going ahead not [now?] with the project to delete the zeros. ...they did in fact shrink the money supply from about 130 trillion dinars to 44 trillion dinars. Now they next move is to convert the 44 trillion to 44 billion by dropping 3 zeros. 44,000,000,000,000 - goes to 44,000,000,000. This is all VERY good news and we should...getting our champaign chilled. Again I say let’s look for the 50 and 100 dinar notes to come out along with the coins. This will be our sign they are about to reinstate the currency back to the global exchanges for public trading.
10-13-2018 Newshound Guru Breitling Nothing but positive news, very very good news…very happy…coming out of Iraq…The articles coming out of Iraq and what they are going to do with their currency…All of a sudden you hear massive talk from Iran and the Shia inside of Iraq, ‘Hey maybe it’s a good idea that the dinar revalues.’…it’s exactly what I talked about before all of this went down a couple months ago. They are going to have to decide if they want to do business with the biggest economic engine in the history of all mankind, with the strongest currency that has ever existed in the history of all mankind and the biggest markets that have ever existed in all mankind or they can do business with…Iran. Now there’s a decision for you right? That’s what’s happening. This whole thing has to do with what Iran can have access to. They basically look at Iraq as their piggybank. So not only do they want to get as many US dollars out of Iraq, now they’re also saying, ‘Hey, it’s probably a cool idea…Iraq revalue it’s currency.’ It’s not just small talk…They are trying to add value to the currency.
10-13-2018 Intel Guru Frank26 He [Guru Walkingstick] said “When the second article comes out, with all the information, it literally tells you, we’re reinstating our currency. Yesss! They can come out with the rate change at that time.” But he’s telling me “No. This must NOT FAIL with the citizens! This must be perfect with the citizens! They are willing to continue baby-step them, and treat them gently, in introducing what they need to do.” ...We are not waiting for the reinstatement of the Iraqi dinar. We are now WELCOMING IT!
10-13-2018 Newshound Guru G-Lin Maliki has been the biggest resistance to the monetary change since 2010. I think this new parliament may take Iraq in a new direction. JMO.
10-13-2018 Newshound Guru Phillyman ...I listened to [Guru] Breitlings latest. For what its worth he believes that Iran would support the RV (or whatever you want to label it) due to the major squeeze that the US and sanctions are putting on them. As you know, sanctions really notch up in November. I...found this article which just showed up in Iraq Business News to give me pause. "Iran ready to establish joint bank with Iraq" Quotes: "Iran’s private banks have reportedly laid the groundwork for setting up a joint bank with their counterparts in Iraq."; "...the bank would operate under the regulations of central banks of the two countries to facilitate money transfer." [reference Guru Breitling 10-13-2018]
10-13-2018 Newshound Guru Kaperoni Do y'all remember back in 2012 when al-Maliki ran the current CBI Governor Shabibi out of the country? Well in recent days the uprising over Ali al-Alaq signature on the new printed notes has the smell of Maliki. What I mean by that is all of the complaining that he didn't have authority to put a signature on the new notes, and now the recent lawsuit against him for doing so seems like an attempt to stop progress and monetary policy and its tracks. I may be wrong but this looks like an opportunity for Maliki to run Alaq out of his proxy CBI position just like he did Shabibi and slow down the CBI's attempt to develop banking and engage it with the world's financial system. Maliki has already found out that the best way to stop progress is to run the governor out of the CBI as it would set back progress several years. I hope I'm wrong and this is something that blows over in a few days and we can get back to taking steps forward.
10-13-2018 Newshound/Intel Guru Mnt Goat Article: "CBI SAYS... "PROJECT DELETE THE ZEROS OF THE IRAQI CURRENCY STILL STANDS," So the CBI...confirmed...that the plan was derived in 2011 and then postponed the last time in 2014 due to ISIS...The mere fact that: 1. the CBI is now taking action on the issuing of these new formatted smaller category notes; 2. this news in this article; 3. along with the timing of all of these items is telling us that the CBI is going ahead not [now?] with the project to delete the zeros. ...they did in fact shrink the money supply from about 130 trillion dinars to 44 trillion dinars. Now they next move is to convert the 44 trillion to 44 billion by dropping 3 zeros. 44,000,000,000,000 - goes to 44,000,000,000. This is all VERY good news and we should...getting our champaign chilled. Again I say let’s look for the 50 and 100 dinar notes to come out along with the coins. This will be our sign they are about to reinstate the currency back to the global exchanges for public trading.
10-13-2018 Newshound Guru Breitling Nothing but positive news, very very good news…very happy…coming out of Iraq…The articles coming out of Iraq and what they are going to do with their currency…All of a sudden you hear massive talk from Iran and the Shia inside of Iraq, ‘Hey maybe it’s a good idea that the dinar revalues.’…it’s exactly what I talked about before all of this went down a couple months ago. They are going to have to decide if they want to do business with the biggest economic engine in the history of all mankind, with the strongest currency that has ever existed in the history of all mankind and the biggest markets that have ever existed in all mankind or they can do business with…Iran. Now there’s a decision for you right? That’s what’s happening. This whole thing has to do with what Iran can have access to. They basically look at Iraq as their piggybank. So not only do they want to get as many US dollars out of Iraq, now they’re also saying, ‘Hey, it’s probably a cool idea…Iraq revalue it’s currency.’ It’s not just small talk…They are trying to add value to the currency.
10-13-2018 Intel Guru Frank26 He [Guru Walkingstick] said “When the second article comes out, with all the information, it literally tells you, we’re reinstating our currency. Yesss! They can come out with the rate change at that time.” But he’s telling me “No. This must NOT FAIL with the citizens! This must be perfect with the citizens! They are willing to continue baby-step them, and treat them gently, in introducing what they need to do.” ...We are not waiting for the reinstatement of the Iraqi dinar. We are now WELCOMING IT!
10-13-2018 Newshound Guru G-Lin Maliki has been the biggest resistance to the monetary change since 2010. I think this new parliament may take Iraq in a new direction. JMO.
10-12-2018 Intel/Newshound Guru sandyf "Delete the zeros" or redenomination will take some time to prepare for implementation, usually about 2 years. In the meantime there are positive indications for a very good Christmas.
10-12-2018 Intel Guru Frank26 So the next part we’re looking for...and we already know this, but it’s the second article. It will give them the date of when the value is going to go up. It will tell them when they have to go to the bank. It will have the pictures of all the New Small Category Notes and the Coins, with the descriptions... It’s even going to explain to them why they are reinstating their currency.
10-12-2018 Intel Guru RayRen98 CBI Interim Governor and Board members will meet with Prime Minister designate Mahdi today. (Hmmmm, I wonder what’s up?) Is Mahdi being sworn in today? We’re still awaiting an answer to that one. [What does the Oct 24 date have to do with us?] No more excuses after Oct 24 – supposedly. Let's see if something exciting happens this weekend.
10-12-2018 Newshound Guru Bloodloch If the CBI does release notes in the 1 dinar to 100 dinar range in the near term, and if there is not an immediate and significant positive change in the exchange rates of the IQD to other national currencies, and I suspect there won't be, don't panic. There may be a very good reason for any significant changes in the exchange rates to stall for a short time while 40 million proud Iraqi citizens get acclimated to their new legal tender. It is vital that any possible release of new classes of currency be done in a way that maintains economic stability for all Iraqi citizens first and foremost.
10-12-2018 Intel Guru Delta For them to place more 1000 dinar notes, this gives you the indication that the 3 zero deletion, is coming off the exchange rate. Not from the currency. Otherwise, they never would have printed these. It’s not even a question now. Why they’re printing the 1000 dinar notes if they are going to get rid of them? Because it’s going to come off the exchange rate, and not from the currency by itself. This is really good news! This is a brilliant idea. Now for us of course, this is very important, but of course, we are waiting for the events for them to change the rate. We do believe, that along the way, the rate will change before they introduce the other Lower Denomination. That’s what we are looking for right now. [post 2 of 2]
10-12-2018 Intel Guru Delta We know that they are about to make their move. For them to print Lower Denominations, even the 250, 500, and even the 1000, this give you an indication that the rate has to increase. But definitely a lot of stuff going on. It looks like, for the suitable environment, like you said, and that is an excellent point. It looks like the CBI the rates will start gradually to make their move and we’ll see what the next move is going to be. [post 1 of 2....stay tuned]
10-12-2018 Newshound/Intel Guru Mnt Goat Article: "CBI CONFIRMS ON MONDAY OCT 8TH THAT THE CURRENT BANKNOTES OF THE CATEGORIES (25000, 10000, 1000, 500 AND 250) WILL CONTINUE TO BE TRADED WITH THE NEW CATEGORIES ISSUED BY THE BANK WITHOUT ANY INTENTION TO WITHDRAW THEM" ...We are NOT going to have an RV in the month of October or even in November. Our next possible window is maybe December or January... So the last move of the CBI is just reissuing the same denominations already in circulation (20k, 10k 250, 500 and 1000). Yes, this is significant in a way since they are putting “LARGE AMOUNTS” of these smaller categories namely 250, 500 and 1000 which means the citizens are taking to them and using them as petty cash. It is a slow process to get them to use them in daily transactions of small purchases instead of using the larger 3 zero notes and then having to make so much change all the time. But we know at some point the CBI will have to reinstate the dinar and give it a market rate so it can properly function and be traded globally.
10-12-2018 Newshound Guru Currency365 Al-Khakani [economist] stressed need to activate small notes for economic & financial benefits for the Iraqi consumer, including category 50 & 100 dinars...
10-12-2018 Intel Guru Frank26 So the next part we’re looking for...and we already know this, but it’s the second article. It will give them the date of when the value is going to go up. It will tell them when they have to go to the bank. It will have the pictures of all the New Small Category Notes and the Coins, with the descriptions... It’s even going to explain to them why they are reinstating their currency.
10-12-2018 Intel Guru RayRen98 CBI Interim Governor and Board members will meet with Prime Minister designate Mahdi today. (Hmmmm, I wonder what’s up?) Is Mahdi being sworn in today? We’re still awaiting an answer to that one. [What does the Oct 24 date have to do with us?] No more excuses after Oct 24 – supposedly. Let's see if something exciting happens this weekend.
10-12-2018 Newshound Guru Bloodloch If the CBI does release notes in the 1 dinar to 100 dinar range in the near term, and if there is not an immediate and significant positive change in the exchange rates of the IQD to other national currencies, and I suspect there won't be, don't panic. There may be a very good reason for any significant changes in the exchange rates to stall for a short time while 40 million proud Iraqi citizens get acclimated to their new legal tender. It is vital that any possible release of new classes of currency be done in a way that maintains economic stability for all Iraqi citizens first and foremost.
10-12-2018 Intel Guru Delta For them to place more 1000 dinar notes, this gives you the indication that the 3 zero deletion, is coming off the exchange rate. Not from the currency. Otherwise, they never would have printed these. It’s not even a question now. Why they’re printing the 1000 dinar notes if they are going to get rid of them? Because it’s going to come off the exchange rate, and not from the currency by itself. This is really good news! This is a brilliant idea. Now for us of course, this is very important, but of course, we are waiting for the events for them to change the rate. We do believe, that along the way, the rate will change before they introduce the other Lower Denomination. That’s what we are looking for right now. [post 2 of 2]
10-12-2018 Intel Guru Delta We know that they are about to make their move. For them to print Lower Denominations, even the 250, 500, and even the 1000, this give you an indication that the rate has to increase. But definitely a lot of stuff going on. It looks like, for the suitable environment, like you said, and that is an excellent point. It looks like the CBI the rates will start gradually to make their move and we’ll see what the next move is going to be. [post 1 of 2....stay tuned]
10-12-2018 Newshound/Intel Guru Mnt Goat Article: "CBI CONFIRMS ON MONDAY OCT 8TH THAT THE CURRENT BANKNOTES OF THE CATEGORIES (25000, 10000, 1000, 500 AND 250) WILL CONTINUE TO BE TRADED WITH THE NEW CATEGORIES ISSUED BY THE BANK WITHOUT ANY INTENTION TO WITHDRAW THEM" ...We are NOT going to have an RV in the month of October or even in November. Our next possible window is maybe December or January... So the last move of the CBI is just reissuing the same denominations already in circulation (20k, 10k 250, 500 and 1000). Yes, this is significant in a way since they are putting “LARGE AMOUNTS” of these smaller categories namely 250, 500 and 1000 which means the citizens are taking to them and using them as petty cash. It is a slow process to get them to use them in daily transactions of small purchases instead of using the larger 3 zero notes and then having to make so much change all the time. But we know at some point the CBI will have to reinstate the dinar and give it a market rate so it can properly function and be traded globally.
10-12-2018 Newshound Guru Currency365 Al-Khakani [economist] stressed need to activate small notes for economic & financial benefits for the Iraqi consumer, including category 50 & 100 dinars...
10-11-2018 Intel Guru Delta ...It looks like the 1000 dinar is going to last for a long time, because for them to spend the money in printing, and this is a new design. So looks like, basically, for all of those denominations are going to be forever, until they phase them out, exactly like the US had before. This is exactly what they told us, and it looks like absolutely, you’re right. [reference Frank26 post 10-11-2018] They are going to come up with the 250 and 500,000, but first they’re looking at the other ones, because you all know that the other ones required the rate changes. This is really significant. Really amazing...this gives you an indication that the rate has to increase.
10-11-2018 Intel Guru Frank26 ...the article, that came out last month, not only said about this happening, but they also said that after that, they would be introducing the new smaller category notes. ...In other words...in my opinion, right there, they just telegraphed, that next week, or within this month, very shortly, the NEXT GROUP is going to come out! The Small Notes, the 1, the 5, the 10, the four coins…the one that requires a change in the rate! This is HAPPENING...right before our eyes! And all because, the Final Suitable Environment has been established within that government. In my opinion. [post 2 of 2]
10-11-2018 Intel Guru Frank26 Remember...I told you that the most important thing for us is to see that the Lower Denoms’ get replaced...Because they’re worn and torn...And it’s really important, as part of the Monetary Reform, the redenomination. Well, Lo and Behold...What did you see...An article that tells you that they have distributed the 250, the 500, the 1000… the Lower Denoms! ...We really felt that it would be this week, that they would release the lower denoms...the 250, the 500, the 1000...But… [post 1 of 2....stay tuned]
10-11-2018 Intel Guru RayRen98 The Central Bank of Iraq (CBI) reports that deleting the 3 zeros is still intended to take place (and possibly soon). This project was targeted for launch in 2011 and met political opposition and then again 2014, but was postponed due to ISIS. Iraqi TV reports that October 24 is the deadline for cabinet submittals, then Parliament will vote on the received names. Reports indicate that Prime Minister-Designate Madhi and his members are prepared to meet the October 24 deadline to complete the cabinet and send to Parliament for approval.
10-11-2018 Newshound/Intel Guru Bluedog CAN'T STOP THE FEELING!...To what's coming, and now we need to get ready... and prepare NOW... IMO.
10-11-2018 Newshound Guru Bloodloch What I do believe is that they may be preparing to issue VLD (Very Low Denomination) classes of currency in addition to the three-zero notes, the latter being phased out in the natural course of almost 40 million Iraqis going about their daily lives, buying and selling, earning and consuming, transacting normal business in favor of the new, dimensionally smaller, lower face value, maybe even prettier and more patriotic, VLD notes. It is possible this gravitation could have a pronounced effect on various macroeconomic values and ratios, which may, in turn, have further pronounced effects on things like intrinsic values and purchasing power, all occurring at reasonably controllable, predictable speeds. And if this turns out to be true, it might end up being said in retrospect that never was the term "less is more" more profoundly appropriate. [post 2 of 2]
10-11-2018 Newshound Guru Bloodloch Newshound/Intel Guru Mnt Goat quote: "...the day the reinstatement occurs and the rate changes they are NOT dropping the three zero's and 5,000 will not become 5 and 25,000 will not becomes 25 in-country or out of country. The CBI has told us many times over and over again in multiple articles that these older 3 zero notes will “coincide” with the smaller category notes." I agree 100% with Mt Goat's statement. Upon reading, it occurred to me that I may have been unclear in one of my earlier posts. ...some may have thought that I was suggesting they were simply going to drop the 3 zeros from their existing currency. Not at all. [post 1 of 2....stay tuned]
10-11-2018 Newshound/Intel Guru Mnt Goat ...It is clear as day that these 25000 and 10000 notes will coincide with the 250, 500 and 1000 and even yet smaller notes later. The project to delete the zeros is now underway and has been underway. This is not about a LOP in or out of country. It is literally NOT going to drop the three zeros from the currency that already exists. This is a figurative statement in that the newer smaller category notes will REPLACE the older 3 zero notes in everyday, common use by the citizens. That is all this statement means. ...They then will have to raise the rate once the economy and political environment is “suitable” to do so. [post 2 of 2]
10-11-2018 Newshound/Intel Guru Mnt Goat ...the day the reinstatement occurs and the rate changes they are NOT dropping the three zero's and 5,000 will not become 5 and 25,000 will not becomes 25 in-country or out of country. The CBI has told us many times over and over again in multiple articles that these older 3 zero notes will “coincide” with the smaller category notes. In fact just the other day an article came out and they reinforced this policy again. I quote from the article – “The Central Bank of Iraq issued its second edition of the banknotes of the categories of (25000, 10000, 1000, 500, 250) dinars, stressing that he will continue trading circulation of cash currently traded from the above categories with the new categories WITHOUT ANY INTENTION TO WITHDRAW FROM CIRCULATION.” [post 1 of 2....stay tuned]
10-11-2018 Intel Guru Frank26 ...the article, that came out last month, not only said about this happening, but they also said that after that, they would be introducing the new smaller category notes. ...In other words...in my opinion, right there, they just telegraphed, that next week, or within this month, very shortly, the NEXT GROUP is going to come out! The Small Notes, the 1, the 5, the 10, the four coins…the one that requires a change in the rate! This is HAPPENING...right before our eyes! And all because, the Final Suitable Environment has been established within that government. In my opinion. [post 2 of 2]
10-11-2018 Intel Guru Frank26 Remember...I told you that the most important thing for us is to see that the Lower Denoms’ get replaced...Because they’re worn and torn...And it’s really important, as part of the Monetary Reform, the redenomination. Well, Lo and Behold...What did you see...An article that tells you that they have distributed the 250, the 500, the 1000… the Lower Denoms! ...We really felt that it would be this week, that they would release the lower denoms...the 250, the 500, the 1000...But… [post 1 of 2....stay tuned]
10-11-2018 Intel Guru RayRen98 The Central Bank of Iraq (CBI) reports that deleting the 3 zeros is still intended to take place (and possibly soon). This project was targeted for launch in 2011 and met political opposition and then again 2014, but was postponed due to ISIS. Iraqi TV reports that October 24 is the deadline for cabinet submittals, then Parliament will vote on the received names. Reports indicate that Prime Minister-Designate Madhi and his members are prepared to meet the October 24 deadline to complete the cabinet and send to Parliament for approval.
10-11-2018 Newshound/Intel Guru Bluedog CAN'T STOP THE FEELING!...To what's coming, and now we need to get ready... and prepare NOW... IMO.
10-11-2018 Newshound Guru Bloodloch What I do believe is that they may be preparing to issue VLD (Very Low Denomination) classes of currency in addition to the three-zero notes, the latter being phased out in the natural course of almost 40 million Iraqis going about their daily lives, buying and selling, earning and consuming, transacting normal business in favor of the new, dimensionally smaller, lower face value, maybe even prettier and more patriotic, VLD notes. It is possible this gravitation could have a pronounced effect on various macroeconomic values and ratios, which may, in turn, have further pronounced effects on things like intrinsic values and purchasing power, all occurring at reasonably controllable, predictable speeds. And if this turns out to be true, it might end up being said in retrospect that never was the term "less is more" more profoundly appropriate. [post 2 of 2]
10-11-2018 Newshound Guru Bloodloch Newshound/Intel Guru Mnt Goat quote: "...the day the reinstatement occurs and the rate changes they are NOT dropping the three zero's and 5,000 will not become 5 and 25,000 will not becomes 25 in-country or out of country. The CBI has told us many times over and over again in multiple articles that these older 3 zero notes will “coincide” with the smaller category notes." I agree 100% with Mt Goat's statement. Upon reading, it occurred to me that I may have been unclear in one of my earlier posts. ...some may have thought that I was suggesting they were simply going to drop the 3 zeros from their existing currency. Not at all. [post 1 of 2....stay tuned]
10-11-2018 Newshound/Intel Guru Mnt Goat ...It is clear as day that these 25000 and 10000 notes will coincide with the 250, 500 and 1000 and even yet smaller notes later. The project to delete the zeros is now underway and has been underway. This is not about a LOP in or out of country. It is literally NOT going to drop the three zeros from the currency that already exists. This is a figurative statement in that the newer smaller category notes will REPLACE the older 3 zero notes in everyday, common use by the citizens. That is all this statement means. ...They then will have to raise the rate once the economy and political environment is “suitable” to do so. [post 2 of 2]
10-11-2018 Newshound/Intel Guru Mnt Goat ...the day the reinstatement occurs and the rate changes they are NOT dropping the three zero's and 5,000 will not become 5 and 25,000 will not becomes 25 in-country or out of country. The CBI has told us many times over and over again in multiple articles that these older 3 zero notes will “coincide” with the smaller category notes. In fact just the other day an article came out and they reinforced this policy again. I quote from the article – “The Central Bank of Iraq issued its second edition of the banknotes of the categories of (25000, 10000, 1000, 500, 250) dinars, stressing that he will continue trading circulation of cash currently traded from the above categories with the new categories WITHOUT ANY INTENTION TO WITHDRAW FROM CIRCULATION.” [post 1 of 2....stay tuned]
10-10-2018 Newshound Guru MilitiaMan Article: "Karbouli of the relationship: I will accept to put your picture if the dinar is equal to the dollar" I wouldn't be surprised that tomorrows meeting in parliament, with Mahdi, Alak and CBI Board members could not only pave the way for new small categories, but, a new seated CBI Governor.. Take a bow Alak... lol Just thinking out loud...He did get a recent award for doing a fine job?? Now he has his name on the Currency. I don't buy that was a mistake or even will be costly for him. In fact, it looks more like it was planned, as the CBI board would know the legalities of such a move and knew of the consequences of their actions. I pray those consequences are one nice new internationally recognized rate less a few zeros... imo Lets let the dust settle from tomorrow and see if they expose the new smalls once the banks in Iraq close, like they did last Thursday.. I like Sundays too.. lol.
10-10-2018 Intel Guru Frank26 Article: "Karbouli of the relationship: I will accept to put your picture if the dinar is equal to the dollar" THE KEY IN THE ARTICLE IS THE AVOWAL OF A...1 TO 1!!! IMO...ALAK HAS NEVER WANTED HIS NAME / PIC ON THE CURRENCY...BUT HE DOES NOW...WHY? BECAUSE IT WILL NOT BE PART OF A PROGRAM RATE CURRENCY...AND HE NOW WANTS TO BE A PART OF IRAQ'S HISTORY...FOR THIS NEW CURRENCY WILL BE FOREVER REMEMBERED AND STUDIES IN IRAQI SCHOOLS AND THEIR MARKETS!!! ...ALAK SIMPLY WANTS TO BE SIDED WITH THE SUCCESS OF IRAQ INTO THE FUTURE. SO DO WE AS IQD INVESTORS...(wink) THE TIMING OF THE REASON...THE KEY.
10-10-2018 Newshound Guru Adam Montana ...PM Mahdi is tasked with the job of forming the government. A strong key to the future value of Iraqi Dinar is, as I mentioned earlier, OIL. Oh, did I mention that incoming Prime Minister Abdul Mahdi served as OIL MINISTER between 2014 and 2016? ...and he was placed there under Abadi, back when it was Abadi’s job to form the GOI. Even before that, Mahdi was Finance Minister under Allawi back in 2004. This new Prime Minister may not be everyone’s favorite… but he has some very serious credentials, and I think he’s going to play very nice with all of the important people in this process. New President, New PM, solid progress already happening. This recent election is a ROARING success for Iraq. If this keeps up, we’re looking at progress like we’ve never seen before - the HCL is going to be upon us before we even realize it, and if you aren’t watching for that RV text...you might miss it! I’m ready at a moment’s notice…are you? [post 3 of 3]
10-10-2018 Newshound Guru Adam Montana According to the Iraqi Constitution, the new PM has exactly 30 days from taking the role to seat/appoint/select the new GOI. For those of you new to the discussion, that means nothing… if it takes longer than 30 days, nobody is getting hanged, tarred and feathered, or anything else. I expect to see the job 80% done inside the “mandatory” 30 days… but that 80% is probably enough for the job we need done...Follow recent history over the last couple years, glance at the recent elections, then compare them to the elections that were held over 10 years ago when many Iraqi Dinar holders first heard that there was an opportunity for the Dinar to regain it’s former value… OH. WHAT. A. DIFFERENCE! ...they have control of their systems. They didn’t have to call for help on anything. And that is EXACTLY what we want to see, what the world wants to see, in order to support a revaluation on their currency. [post 2 of 3....stay tuned]
10-10-2018 Newshound Guru Adam Montana Iraq, in a rare move that surprised many..., appointed a President (Barham Salih) and the newly anointed one promptly gave us a new Prime Minister, Adil Abdul Mahdi...TWO accomplishments in one swift move? In the same week!? ...Believe it or not, it happened, and we’re off to the races. ...let’s remember what this really comes down to… OIL. For us to profit off of a rise in value on the currency of Iraq, they must raise the exchange rate. ...A revaluation of their currency was a long shot in 2008, but it was certainly possible. Now, in 2018, it’s much less of a long shot. In fact, with the complete passage of the HCL, it’s almost a certainty. [post 1 of 3....stay tuned]
10-10-2018 Newshound Guru Kaperoni I have not stated anything... regarding an RV or an RI in over 6 years. And yes the first four years I was in this investment I did think it was a possibility until I became more educated. Central banks don't spend 90 billion dinars to reprint existing currency unless they expected to be in circulation for at least a few years. If anything this should put an end to the...nonsense. There is no overnight event. The only possible positive outlook on the dinar would be a gradual appreciation via float over time...I've said so for 6 years there is no RV RI. Monetary policy is a name used by central banks to categorize tools that they use to maintain exchange rates. Floating the currency is one of those tools as it is used to combat inflationary pressure created by an influx of capital and investment. That is how monetary policy works. It's not some random act...
10-10-2018 Intel Guru Frank26 [via Clare] The MR is the Hottest thing in Iraq!!! It's happening/wrapping up, right before our eyes...just as we've been told to expect.
10-10-2018 Intel Guru Bruce [via Pinkroses] ...October 9th in the US, Iraqi dinar was traded on Forex and also on the Nasdaq and also on the CBOE, Chicago Board of Exchange. That maybe affiliated with the Chicago Mercantile Exchange. I am not sure. I do not know the rate...on the screens for the dinar, but I do know that there is a very high back screen rate that has been talked about...they go up and down, and it is just not responsible to give you rates...and they change. ...Be aware this can very well go before hurricane Michael even hits land. I am not calling it. Just beware that things are happening...The timing is getting so close...I am in high alert status...
10-10-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQ’S MONTHLY REVENUES FROM OIL EXPORTS EXCEEDED THEIR HIGHEST LEVELS EVER" I still believe we need the oil revenues to [be] high in preparation for the reinstatement. Just a condition they needed and now have once again. This is part of the “more suitable environment” the CBI is talking about.
10-10-2018 Intel Guru Frank26 Article: "Karbouli of the relationship: I will accept to put your picture if the dinar is equal to the dollar" THE KEY IN THE ARTICLE IS THE AVOWAL OF A...1 TO 1!!! IMO...ALAK HAS NEVER WANTED HIS NAME / PIC ON THE CURRENCY...BUT HE DOES NOW...WHY? BECAUSE IT WILL NOT BE PART OF A PROGRAM RATE CURRENCY...AND HE NOW WANTS TO BE A PART OF IRAQ'S HISTORY...FOR THIS NEW CURRENCY WILL BE FOREVER REMEMBERED AND STUDIES IN IRAQI SCHOOLS AND THEIR MARKETS!!! ...ALAK SIMPLY WANTS TO BE SIDED WITH THE SUCCESS OF IRAQ INTO THE FUTURE. SO DO WE AS IQD INVESTORS...(wink) THE TIMING OF THE REASON...THE KEY.
10-10-2018 Newshound Guru Adam Montana ...PM Mahdi is tasked with the job of forming the government. A strong key to the future value of Iraqi Dinar is, as I mentioned earlier, OIL. Oh, did I mention that incoming Prime Minister Abdul Mahdi served as OIL MINISTER between 2014 and 2016? ...and he was placed there under Abadi, back when it was Abadi’s job to form the GOI. Even before that, Mahdi was Finance Minister under Allawi back in 2004. This new Prime Minister may not be everyone’s favorite… but he has some very serious credentials, and I think he’s going to play very nice with all of the important people in this process. New President, New PM, solid progress already happening. This recent election is a ROARING success for Iraq. If this keeps up, we’re looking at progress like we’ve never seen before - the HCL is going to be upon us before we even realize it, and if you aren’t watching for that RV text...you might miss it! I’m ready at a moment’s notice…are you? [post 3 of 3]
10-10-2018 Newshound Guru Adam Montana According to the Iraqi Constitution, the new PM has exactly 30 days from taking the role to seat/appoint/select the new GOI. For those of you new to the discussion, that means nothing… if it takes longer than 30 days, nobody is getting hanged, tarred and feathered, or anything else. I expect to see the job 80% done inside the “mandatory” 30 days… but that 80% is probably enough for the job we need done...Follow recent history over the last couple years, glance at the recent elections, then compare them to the elections that were held over 10 years ago when many Iraqi Dinar holders first heard that there was an opportunity for the Dinar to regain it’s former value… OH. WHAT. A. DIFFERENCE! ...they have control of their systems. They didn’t have to call for help on anything. And that is EXACTLY what we want to see, what the world wants to see, in order to support a revaluation on their currency. [post 2 of 3....stay tuned]
10-10-2018 Newshound Guru Adam Montana Iraq, in a rare move that surprised many..., appointed a President (Barham Salih) and the newly anointed one promptly gave us a new Prime Minister, Adil Abdul Mahdi...TWO accomplishments in one swift move? In the same week!? ...Believe it or not, it happened, and we’re off to the races. ...let’s remember what this really comes down to… OIL. For us to profit off of a rise in value on the currency of Iraq, they must raise the exchange rate. ...A revaluation of their currency was a long shot in 2008, but it was certainly possible. Now, in 2018, it’s much less of a long shot. In fact, with the complete passage of the HCL, it’s almost a certainty. [post 1 of 3....stay tuned]
10-10-2018 Newshound Guru Kaperoni I have not stated anything... regarding an RV or an RI in over 6 years. And yes the first four years I was in this investment I did think it was a possibility until I became more educated. Central banks don't spend 90 billion dinars to reprint existing currency unless they expected to be in circulation for at least a few years. If anything this should put an end to the...nonsense. There is no overnight event. The only possible positive outlook on the dinar would be a gradual appreciation via float over time...I've said so for 6 years there is no RV RI. Monetary policy is a name used by central banks to categorize tools that they use to maintain exchange rates. Floating the currency is one of those tools as it is used to combat inflationary pressure created by an influx of capital and investment. That is how monetary policy works. It's not some random act...
10-10-2018 Intel Guru Frank26 [via Clare] The MR is the Hottest thing in Iraq!!! It's happening/wrapping up, right before our eyes...just as we've been told to expect.
10-10-2018 Intel Guru Bruce [via Pinkroses] ...October 9th in the US, Iraqi dinar was traded on Forex and also on the Nasdaq and also on the CBOE, Chicago Board of Exchange. That maybe affiliated with the Chicago Mercantile Exchange. I am not sure. I do not know the rate...on the screens for the dinar, but I do know that there is a very high back screen rate that has been talked about...they go up and down, and it is just not responsible to give you rates...and they change. ...Be aware this can very well go before hurricane Michael even hits land. I am not calling it. Just beware that things are happening...The timing is getting so close...I am in high alert status...
10-10-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQ’S MONTHLY REVENUES FROM OIL EXPORTS EXCEEDED THEIR HIGHEST LEVELS EVER" I still believe we need the oil revenues to [be] high in preparation for the reinstatement. Just a condition they needed and now have once again. This is part of the “more suitable environment” the CBI is talking about.
10-9-2018 Newshound Guru Kaperoni The Iraqi British Business Councel (IBBC) met with Iraqi authorities including the CBI gov yesterday. The IBBC is hosting a conference in Dubai for Iraqi reconstruction in Nov. As well we have the Iraqi investment and banking conference in Nov (rescheduled from Sept) and the Baghdad International Fair (also rescheduled) ...so Nov is shaping up to be an exciting month.
10-9-2018 Intel Guru Frank26 ...WILL NOT SAY MUCH MORE...BECAUSE YOU KNOW THE ONLY THING WE SEEK...THAT IMO IS COMING.
10-9-2018 Intel/Newshound Guru Poppy3 ONE MORE THING...THERE WILL NOT BE RUNS ON OUR BANKS TO CASH YOUR DINAR, NOR WILL THERE BE ANY SPECIAL 800 NUMBERS FOR YOU TO MAKE APPOINTMENTS TO CASH YOUR DINAR.
10-9-2018 Newshound/Intel Guru Mnt Goat Article: "POLITICAL BLOCS SENT THE NAMES OF CANDIDATES FOR THE MINISTERIAL POSTS TO PRIME MINISTER-DESIGNATE ADEL ABDUL-MAHDI" ...we see Iraq now working hard to get the ministries appointed for his cabinet. He wants to reduce them from 22 to 15. This will make the selection go faster and save a ton of money in the process.
10-9-2018 Newshound Guru Bloodloch [I don't understand the purpose the 1000 dinar notes if the currency is going to be on par (or greater) to the dollar anytime soon...] They may be doing it exactly as Kap [Guru Kaperoni] describes, although I do perceive an element of instability that could occur when a severely depleted-in-value IQD suddenly finds itself openly traded on the Forex with a 100,000% ROI over 3 years potential. If they, on the other hand, take a different, less-random route, and if they want to target completion at or around the first of the year, they would need to show their cards within the next few weeks. [reference Kaperoni post 10-6-2018]
10-9-2018 Newshound Guru Currency365 release of lower notes (DONE)...full 2nd article telling citizens about EVERYTHING (COMING)... Purchasing Power (COMING)...Small notes (COMING)...Confusions turned into Smiles!!!
10-9-2018 Intel Guru Frank26 ...WILL NOT SAY MUCH MORE...BECAUSE YOU KNOW THE ONLY THING WE SEEK...THAT IMO IS COMING.
10-9-2018 Intel/Newshound Guru Poppy3 ONE MORE THING...THERE WILL NOT BE RUNS ON OUR BANKS TO CASH YOUR DINAR, NOR WILL THERE BE ANY SPECIAL 800 NUMBERS FOR YOU TO MAKE APPOINTMENTS TO CASH YOUR DINAR.
10-9-2018 Newshound/Intel Guru Mnt Goat Article: "POLITICAL BLOCS SENT THE NAMES OF CANDIDATES FOR THE MINISTERIAL POSTS TO PRIME MINISTER-DESIGNATE ADEL ABDUL-MAHDI" ...we see Iraq now working hard to get the ministries appointed for his cabinet. He wants to reduce them from 22 to 15. This will make the selection go faster and save a ton of money in the process.
10-9-2018 Newshound Guru Bloodloch [I don't understand the purpose the 1000 dinar notes if the currency is going to be on par (or greater) to the dollar anytime soon...] They may be doing it exactly as Kap [Guru Kaperoni] describes, although I do perceive an element of instability that could occur when a severely depleted-in-value IQD suddenly finds itself openly traded on the Forex with a 100,000% ROI over 3 years potential. If they, on the other hand, take a different, less-random route, and if they want to target completion at or around the first of the year, they would need to show their cards within the next few weeks. [reference Kaperoni post 10-6-2018]
10-9-2018 Newshound Guru Currency365 release of lower notes (DONE)...full 2nd article telling citizens about EVERYTHING (COMING)... Purchasing Power (COMING)...Small notes (COMING)...Confusions turned into Smiles!!!
10-8-2018 Intel/Newshound Guru Poppy3 FOR THOSE THAT HAVE BEEN INVESTED FOR 10 YRS OR MORE IM SURE YOU REMEMBER, POPPY1, P0PPY2 AND POPPY3 HAVE BEEN SAYING FOR YEARS THAT NO SUCH THING AS A GCR WOULD EVER HAPPEN BECAUSE OF SEVERAL REASONS. WELL SEEM TODAY MANY...THAT ALWAYS WANTED TO ARGUE THAT I WAS WRONG ARE NOW THEMSELVES SAYING THE GCR WILL NOT HAPPEN. FRIENDS ONLY THE COUNTRIES THAT TRADE DAILY WITH IRAQ WILL HAVE TO ADJUST THEIR RATE TO MAINTAIN EQUAL TRADE VALUE. I REST MY CASE AGAIN.
10-8-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAQ ISSUED ITS SECOND EDITION OF THE BANKNOTES OF THE CATEGORIES OF (25000, 10000, 1000, 500, 250) DINARS" ...we should not be worried that the CBI is issuing yet more of the 25 and 10k notes. We have been told many times these notes will coincide with the smaller categories and eventually will be needed in trade for large sums of debt. So this is actually something good as they are following what they said they would do. Remember they are “replacing” these larger notes with a new version not introducing more volume of currency in circulation. They already have the needed balance and quota needed by reducing the currency volume already by 2/3.
10-8-2018 Newshound Guru Currency365 (Central Bank of Iraq launched small amounts of coins to the market with changes in its design) ...This is talking about the 1,000, 500, 250 notes not the 1, 5, 10, 20 ...completion of lower notes should bring out the Full Second Article...then lift value & new small notes..
10-8-2018 Newshound/Intel Guru Mnt Goat Why...did the CBI issue these new version format of the 1000 dinar? ...they said in other recent past articles, that the 1000 dinar note was being counterfeited already since they know the value is going to shortly seriously go up and this is going to be the largest of the smaller category notes widely within the public circulation. ...So what timeframe do you thin the CBI might now be thinking of to reinstate the dinar? ...I can say this with much confidence that the CBI may very well target again the December into January timeframe for the reinstatement of the Iraqi dinar based on past history of target dates. So, if this new government is formed and no major events happen that cause alarm or instability we may be in a good window at that time. [post 3 of 3]
10-8-2018 Newshound/Intel Guru Mnt Goat So why is the CBI putting out so many of the smaller categories like the 250, 500 and 1,000 notes? This is because more people are now able to use these notes for daily transactions for petty cash thus they are getting citizens used to thinking in terms of smaller denominated notes. But we know at some point they must also raise the value of these notes. But when is exactly this optimum time? We know that in all of the targeted reinstatement timeframes (...CBI timeframes...) that they intended to go always in the month of December – January. ...Then we also find out that the CBI...began the replacement of 25000 and 10000 notes that are now in circulation. This move is not a contradiction of the process to delete the zeros since they are replacing these 3 zero notes as they also told us once again and I quote – “WITHOUT ANY INTENTION TO WITHDRAW FROM CIRCULATION". So again they told us these 3 zero notes will coincide with the smaller category notes. [post 2 of 3....stay tuned]
10-8-2018 Newshound/Intel Guru Mnt Goat Article: “BAGHDAD - The Central Bank of Iraq announced on Saturday the launch of large quantities of currency for small groups this week." Quotes: "put large quantities of small groups to meet the need for daily transactions and the quality of the material has been improved". "...a small change will be made in the NEW FORM THAT WILL BE PUT FORWARD FOR TRADING NEXT WEEK, knowing that the deal will be in the form of new and old together without discrimination." The CBI told us that they had a new format or “form” for the smaller categories that they were going to launch next week (this week). ...we are told that the new edition of the notes will “coincide” just as we were told already many times before. [post 1 of 3....stay tuned]
10-8-2018 Newshound Guru Kaperoni CBI gets ready to introduce replacement currency 250, 500, 1000 dinars. This new currency only makes sense if they expect them to be in circulation for a while. No overnight event! The dinar will only rise gradually via a float. That is how monetary policy works. Raising the value of the Iraqi dinar is part of a much bigger process...integrating Iraq's financial system into the worlds banking system. That process includes the CBI accepting Article VIII of the IMF charter and moving to a new exchange rate regime. The reason the CBI must move away from it's current exchange rate regime (peg) is to counter inflationary pressure created when large amounts of capital and investment comes into Iraq. The new exchange rate regime will be a float allowing the CBI to counter this pressure by gradually raising the value. The good news is as I have said before is that I expect that process to start very soon.
10-8-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAQ ISSUED ITS SECOND EDITION OF THE BANKNOTES OF THE CATEGORIES OF (25000, 10000, 1000, 500, 250) DINARS" ...we should not be worried that the CBI is issuing yet more of the 25 and 10k notes. We have been told many times these notes will coincide with the smaller categories and eventually will be needed in trade for large sums of debt. So this is actually something good as they are following what they said they would do. Remember they are “replacing” these larger notes with a new version not introducing more volume of currency in circulation. They already have the needed balance and quota needed by reducing the currency volume already by 2/3.
10-8-2018 Newshound Guru Currency365 (Central Bank of Iraq launched small amounts of coins to the market with changes in its design) ...This is talking about the 1,000, 500, 250 notes not the 1, 5, 10, 20 ...completion of lower notes should bring out the Full Second Article...then lift value & new small notes..
10-8-2018 Newshound/Intel Guru Mnt Goat Why...did the CBI issue these new version format of the 1000 dinar? ...they said in other recent past articles, that the 1000 dinar note was being counterfeited already since they know the value is going to shortly seriously go up and this is going to be the largest of the smaller category notes widely within the public circulation. ...So what timeframe do you thin the CBI might now be thinking of to reinstate the dinar? ...I can say this with much confidence that the CBI may very well target again the December into January timeframe for the reinstatement of the Iraqi dinar based on past history of target dates. So, if this new government is formed and no major events happen that cause alarm or instability we may be in a good window at that time. [post 3 of 3]
10-8-2018 Newshound/Intel Guru Mnt Goat So why is the CBI putting out so many of the smaller categories like the 250, 500 and 1,000 notes? This is because more people are now able to use these notes for daily transactions for petty cash thus they are getting citizens used to thinking in terms of smaller denominated notes. But we know at some point they must also raise the value of these notes. But when is exactly this optimum time? We know that in all of the targeted reinstatement timeframes (...CBI timeframes...) that they intended to go always in the month of December – January. ...Then we also find out that the CBI...began the replacement of 25000 and 10000 notes that are now in circulation. This move is not a contradiction of the process to delete the zeros since they are replacing these 3 zero notes as they also told us once again and I quote – “WITHOUT ANY INTENTION TO WITHDRAW FROM CIRCULATION". So again they told us these 3 zero notes will coincide with the smaller category notes. [post 2 of 3....stay tuned]
10-8-2018 Newshound/Intel Guru Mnt Goat Article: “BAGHDAD - The Central Bank of Iraq announced on Saturday the launch of large quantities of currency for small groups this week." Quotes: "put large quantities of small groups to meet the need for daily transactions and the quality of the material has been improved". "...a small change will be made in the NEW FORM THAT WILL BE PUT FORWARD FOR TRADING NEXT WEEK, knowing that the deal will be in the form of new and old together without discrimination." The CBI told us that they had a new format or “form” for the smaller categories that they were going to launch next week (this week). ...we are told that the new edition of the notes will “coincide” just as we were told already many times before. [post 1 of 3....stay tuned]
10-8-2018 Newshound Guru Kaperoni CBI gets ready to introduce replacement currency 250, 500, 1000 dinars. This new currency only makes sense if they expect them to be in circulation for a while. No overnight event! The dinar will only rise gradually via a float. That is how monetary policy works. Raising the value of the Iraqi dinar is part of a much bigger process...integrating Iraq's financial system into the worlds banking system. That process includes the CBI accepting Article VIII of the IMF charter and moving to a new exchange rate regime. The reason the CBI must move away from it's current exchange rate regime (peg) is to counter inflationary pressure created when large amounts of capital and investment comes into Iraq. The new exchange rate regime will be a float allowing the CBI to counter this pressure by gradually raising the value. The good news is as I have said before is that I expect that process to start very soon.
10-7-2018 Newshound Guru Bloodloch ...Until they release new classes of VLD (Very Low Denomination) currencies, in the range of 1 dinar to 100 dinar notes, the working theory I've been hinting about is on hold. This does not mean they won't do as much soon, but I must admit I was hoping to see something along the lines of VLD with these new predicted currency releases. Still, the fact that they have yet to breach this VLD range means the potential for such an issue remains viable. When it does finally happen, and if must if they plan to ever have the IQD achieve equality with the USD, it will be a surprise event. It's just not the sort of thing they would telegraph ahead of time.
10-7-2018 Newshound Guru chattels [Is it me, or is the Iraq government moving a lot more quickly than they have in the past?] November will be six months since the election which is about the time it has taken for other governments. Some parts of the process have taken longer and some have moved more quickly. The invitation / creation of the Prime Minister Designate was much quicker...
10-7-2018 Newshound Guru Kaperoni This process has been completely documented through the IMF. And monetary policy is never a random act.
10-7-2018 Newshound Guru MilitiaMan They appear to to say two things in the way the are telling us this. Firstly they are putting up of raising large amounts of currency for that they can introduce large quantities for small groups. They clearly are doing what they said they were going to do by taking out the large and introducing the smalls.. imo. Then, they tell us now they are going to have a simple change with a new format next week. I don't know about you all, but, this sure sets the stage for big things to happen and in short order, as next week is within hours not days... [post 2 of 2]
10-7-2018 Newshound Guru MilitiaMan Article: "Central Bank raises large amounts of currency for small groups" Possibly, by definition they have said they introduced currencies to rival the dollar... Introducing lower notes with an international rate and or less the 3 zeros could or would fit the definition of rival in comparison to the USD imo. The CBI also told us they were to make a simple change in respect to trading next week.. Quote: "The Central Bank raises large amounts of currency for small groups." In other words, they lifted enough large notes now so they can bring in the smaller groups. [post 1 of 2....stay tuned]
10-7-2018 Newshound Guru Bloodloch ...I do not believe this will be a float taking years to achieve par with the dollar, so be of good cheer...not going to post details yet. Stand by.
10-7-2018 Newshound Guru chattels [Is it me, or is the Iraq government moving a lot more quickly than they have in the past?] November will be six months since the election which is about the time it has taken for other governments. Some parts of the process have taken longer and some have moved more quickly. The invitation / creation of the Prime Minister Designate was much quicker...
10-7-2018 Newshound Guru Kaperoni This process has been completely documented through the IMF. And monetary policy is never a random act.
10-7-2018 Newshound Guru MilitiaMan They appear to to say two things in the way the are telling us this. Firstly they are putting up of raising large amounts of currency for that they can introduce large quantities for small groups. They clearly are doing what they said they were going to do by taking out the large and introducing the smalls.. imo. Then, they tell us now they are going to have a simple change with a new format next week. I don't know about you all, but, this sure sets the stage for big things to happen and in short order, as next week is within hours not days... [post 2 of 2]
10-7-2018 Newshound Guru MilitiaMan Article: "Central Bank raises large amounts of currency for small groups" Possibly, by definition they have said they introduced currencies to rival the dollar... Introducing lower notes with an international rate and or less the 3 zeros could or would fit the definition of rival in comparison to the USD imo. The CBI also told us they were to make a simple change in respect to trading next week.. Quote: "The Central Bank raises large amounts of currency for small groups." In other words, they lifted enough large notes now so they can bring in the smaller groups. [post 1 of 2....stay tuned]
10-7-2018 Newshound Guru Bloodloch ...I do not believe this will be a float taking years to achieve par with the dollar, so be of good cheer...not going to post details yet. Stand by.
10-6-2018 Newshound Guru Kaperoni [Hearing you say soon is surprising...] Opening up the banking system to engage with the world's financial system along with floating the dinar is top priority. No private sector or investment will start until such happens. I am very hopeful. [refeence Kaperoni post 10-6-2018]
10-6-2018 Intel Guru Delta Article: "We plan to restructure the Iraqi currency including deleting zeros" FYI...DELETE ZEROS WILL BE FROM EXCHANGE RATE ...3 ZEROS NOTE WILL PHASE OUT ...
10-6-2018 Intel Guru RayRen98 Iraqi TV reports PM Abadi informing the citizens that economic reforms could not be completed during his tenure due to security concerns with ISIS and the slowly progressing political issues. Both are now resolved and the new incoming Prime Minister should have no problems completing the task. Also on Iraqi TV is the message that political blocks have already submitted their candidate-selects to fill government posts to the Prime Minister-Designate projecting completion of assignments before the 30-day window expires. US Banks are sharing excitement of probable preparations for the first-of-the-week type of activity! ...Everything appears to moving at record speed compared to the past, can't wait to hear what happens the rest of this weekend!
10-6-2018 Newshound Guru Kaperoni ...there is no overnight event. Never will be. I guess all i can do is keep educating. If for no other reason people should understand the CBI would never spend the money to replace the currency unless they expected it to be in circulation for a while. That in itself tells you there is no single overnight RV RI going to happen...I do fully expect the dinar to go up in value, but not overnight. As stated in numerous articles going back years it could take two to three years to delete the zeros. In other words it's a gradual appreciation over time. The good news is I do expect it to start soon. Because Iraq needs to move out of Article XIV and into Article VIII to send a message to investors and the global financial system that they are open for business and as a result of that transition will need to float the currency...as the dinar gradually rises in value over time more emphasis will be on lower notes so having quality notes in circulation supports that.
10-6-2018 Intel Guru Delta NEW...OUT AS OF THURSDAY...250... 500... 1000.
10-6-2018 Newshound Guru MilitiaMan Article: "The Central Bank of Iraq announced the issuance of quantities described as large on small currencies for daily transactions." This has been brought to my attention and it is dated yesterday! Not sure about the source, but, this says coins...Next week... A statement by the bank said that it would introduce large quantities of small categories to meet the need for daily transactions. The quality of the material used has been improved, as well as a small change in the new format that will be presented for trading next week. He said the deal would be done in a new and old form, without discrimination...
10-6-2018 Newshound Guru Bloodloch "The 1, 5, 10, 20, 100, etc., notes are to be new, as will be the coins." - Newshound Guru MilitiaMan. Head of nail meet hammer. My own guess would be 100, 50, 25, 10, 5 and 1, as I surreptitiously suggested Oct 1st ...but now I'm just splitting hairs. Why those denominations? Easy, because they match 100,000, 50,000, 25,000, 10,000, 5,000 and 1,000 but without the triple zeros. Did I mention it was simple? I think I mentioned that. As our friend Randy [Gru Randy Koonce] likes to say... Breathe. Change can be a scary thing, but if they're doing what I think they're doing, I'll be able to explain how it's going to work, and why it's going to work, and even how quickly I believe it will work, but not until they actually step forward and initiate it. There is still a hidden aspect to it that won't be evident until after it starts. The ball is definitely in their court.
10-6-2018 Intel Guru Frank26 This has been a masterful plan. It’s been right along with what we call the FAB4, you know, the IMF, the United States Treasury, and the World Bank, and they are now reporting to the BIS, and saying...this is what we’ve got...We have a date, and we work with them, we are ready to go. ...they are going to start pumping small categories into the markets gradually ending the crisis. No kidding! THIS IS THE RI!!! THIS IS THE RV!!! ...Sounds like a good plan...
10-6-2018 Intel Guru Delta Article: "We plan to restructure the Iraqi currency including deleting zeros" FYI...DELETE ZEROS WILL BE FROM EXCHANGE RATE ...3 ZEROS NOTE WILL PHASE OUT ...
10-6-2018 Intel Guru RayRen98 Iraqi TV reports PM Abadi informing the citizens that economic reforms could not be completed during his tenure due to security concerns with ISIS and the slowly progressing political issues. Both are now resolved and the new incoming Prime Minister should have no problems completing the task. Also on Iraqi TV is the message that political blocks have already submitted their candidate-selects to fill government posts to the Prime Minister-Designate projecting completion of assignments before the 30-day window expires. US Banks are sharing excitement of probable preparations for the first-of-the-week type of activity! ...Everything appears to moving at record speed compared to the past, can't wait to hear what happens the rest of this weekend!
10-6-2018 Newshound Guru Kaperoni ...there is no overnight event. Never will be. I guess all i can do is keep educating. If for no other reason people should understand the CBI would never spend the money to replace the currency unless they expected it to be in circulation for a while. That in itself tells you there is no single overnight RV RI going to happen...I do fully expect the dinar to go up in value, but not overnight. As stated in numerous articles going back years it could take two to three years to delete the zeros. In other words it's a gradual appreciation over time. The good news is I do expect it to start soon. Because Iraq needs to move out of Article XIV and into Article VIII to send a message to investors and the global financial system that they are open for business and as a result of that transition will need to float the currency...as the dinar gradually rises in value over time more emphasis will be on lower notes so having quality notes in circulation supports that.
10-6-2018 Intel Guru Delta NEW...OUT AS OF THURSDAY...250... 500... 1000.
10-6-2018 Newshound Guru MilitiaMan Article: "The Central Bank of Iraq announced the issuance of quantities described as large on small currencies for daily transactions." This has been brought to my attention and it is dated yesterday! Not sure about the source, but, this says coins...Next week... A statement by the bank said that it would introduce large quantities of small categories to meet the need for daily transactions. The quality of the material used has been improved, as well as a small change in the new format that will be presented for trading next week. He said the deal would be done in a new and old form, without discrimination...
10-6-2018 Newshound Guru Bloodloch "The 1, 5, 10, 20, 100, etc., notes are to be new, as will be the coins." - Newshound Guru MilitiaMan. Head of nail meet hammer. My own guess would be 100, 50, 25, 10, 5 and 1, as I surreptitiously suggested Oct 1st ...but now I'm just splitting hairs. Why those denominations? Easy, because they match 100,000, 50,000, 25,000, 10,000, 5,000 and 1,000 but without the triple zeros. Did I mention it was simple? I think I mentioned that. As our friend Randy [Gru Randy Koonce] likes to say... Breathe. Change can be a scary thing, but if they're doing what I think they're doing, I'll be able to explain how it's going to work, and why it's going to work, and even how quickly I believe it will work, but not until they actually step forward and initiate it. There is still a hidden aspect to it that won't be evident until after it starts. The ball is definitely in their court.
10-6-2018 Intel Guru Frank26 This has been a masterful plan. It’s been right along with what we call the FAB4, you know, the IMF, the United States Treasury, and the World Bank, and they are now reporting to the BIS, and saying...this is what we’ve got...We have a date, and we work with them, we are ready to go. ...they are going to start pumping small categories into the markets gradually ending the crisis. No kidding! THIS IS THE RI!!! THIS IS THE RV!!! ...Sounds like a good plan...
10-5-2018 Newshound Guru MilitiaMan They are clearly telling us that they are bringing in the new currency, they even tell us they spent a small fortune in doing so!! The only thing they haven't showed us yet is the New Small Currency and Coins...Notice, I said, "Yet". ...Who is to say, they haven't shown the citizens the new notes and coins today in the Mosques? Maybe we just have to wait for them to show us...? The possibilities are interesting.. The facts are fascinating.. ~ Imo [post 3 of 3]
10-5-2018 Newshound Guru MilitiaMan So we know they told us that on 09/11/2018 they were going to introduce the lower notes next month, then 09/26/2018 they tell us they are going to do same within two weeks and then yesterday, they are telling us next week. That is from the CBI. Today they tell us they are deleting the zeros, yet they wrote that 2 days ago.. The CBI wants a suitable environment. Well today we have Abadi as Prime Minister all the while Mahdi seats his cabinet, effectively two PMs, that are imo a suitable environment for the CBI and the world. It is obvious for that imo, as they have lifted sanctions and released massive amounts of assets, not only from the UNSC, HM Treasury but the EU as well... So the calls for next year are not being broadcast-ed imo. [post 2 of 3....stay tuned]
10-5-2018 Newshound Guru MilitiaMan The data we have been provided by Delta, Teams, etc., showed that the CBI spent money in the past for printing new currency, then again they increased that amount to $108 million real close of recent. The largest portion of cost for currency is minting coins. To think they are only going to introduce just 250s, 500s and 1,000s is imo way off. They told us months ago they had a liquidity issue and they told us they were ceasing multi currency practices too. Therefore, trying to function at a program rate for any length of time is plain silly (imo) with those. They talk of new currency and they mean it being brand new. The 250, 500, 1000 are not new, the ones they reprinted to go side by side however are, with updates to them and even deletions to be noted. The 1, 5, 10, 20, 100, etc., notes are to be new, as will be the coins. [post 1 of 3....stay tuned]
10-5-2018 Intel Guru Frank26 Article: "We plan to restructure the Iraqi currency including deleting zeros" RIGHT BEFORE OUR EYES!!! ...YESTERDAY WAS ABOUT THE LD'S BEING REPLACED CAUSE THEY ARE WORN AND TORN...TODAY...THIS IS ABOUT THE NEW CATEGORY SMALL NOTES!!! WE FREAKEN TOLD YOU SO!!!
10-5-2018 Newshound Guru Kaperoni New replacement dinar notes begin circulation next week.
10-5-2018 Intel Guru Bruce What is interesting about that is if they do come out Saturday or Sunday which we think they will...they will be also trading their dinar on their market Sunday night... We also believe the ISX will be trading, and the dinar will be tradable on the ISX but also it will be tradable on the NASDAQ in the US on Monday morning. We should have visibility more with Iraq and the dinar as the result of what they will be doing over the weekend whether it is Saturday or Sunday. ...It is looking good for the next few days... I am encouraged. I am excited. I feel good where we are... [post 2 of 2]
10-5-2018 Intel Guru Bruce [via Pinkroses] Just when it was safe to close the door on Iraq, something else comes out. Today we got information from Sulaymaniyah, one of our sources there, that Iraq is going to have their lower denominations not only at the ATMs. These are the lower ones the 10s, 20s...the lower denoms and they will be everywhere. They will be in the stores, the banks, the ATMs. They supposed to bring them out either Saturday or Sunday. Sunday is the first day of their business week...It is a very good sign that they are saying to the world...hey we have revalued. This is our new rate, and we have the new lower denoms to go to. [post 1 of 2....stay tuned]
10-5-2018 Newshound Guru Bloodloch New small denominations of the same currency are not what I'm looking for. Rather, I'm looking for something quite different. Perhaps they are just getting the public accustomed to the idea of new currency issues. New artwork and such.
10-5-2018 Newshound Guru MilitiaMan ...There is nothing that suggests outside of next week.. They clearly are reiterating there intentions to bring in the new [currency ?] next week. Abadi is PM now while and through the end of seating the Cabinet... The environment is stable and secure now and will be... Thus, the Independence of the CBI can roll out the new when appropriate, and there words are next week and that is their words not mine, or even any speculation about it what so ever. ...You don't bring in small currency with out a rate change... That is imo a reality..
10-5-2018 Newshound Guru MilitiaMan So we know they told us that on 09/11/2018 they were going to introduce the lower notes next month, then 09/26/2018 they tell us they are going to do same within two weeks and then yesterday, they are telling us next week. That is from the CBI. Today they tell us they are deleting the zeros, yet they wrote that 2 days ago.. The CBI wants a suitable environment. Well today we have Abadi as Prime Minister all the while Mahdi seats his cabinet, effectively two PMs, that are imo a suitable environment for the CBI and the world. It is obvious for that imo, as they have lifted sanctions and released massive amounts of assets, not only from the UNSC, HM Treasury but the EU as well... So the calls for next year are not being broadcast-ed imo. [post 2 of 3....stay tuned]
10-5-2018 Newshound Guru MilitiaMan The data we have been provided by Delta, Teams, etc., showed that the CBI spent money in the past for printing new currency, then again they increased that amount to $108 million real close of recent. The largest portion of cost for currency is minting coins. To think they are only going to introduce just 250s, 500s and 1,000s is imo way off. They told us months ago they had a liquidity issue and they told us they were ceasing multi currency practices too. Therefore, trying to function at a program rate for any length of time is plain silly (imo) with those. They talk of new currency and they mean it being brand new. The 250, 500, 1000 are not new, the ones they reprinted to go side by side however are, with updates to them and even deletions to be noted. The 1, 5, 10, 20, 100, etc., notes are to be new, as will be the coins. [post 1 of 3....stay tuned]
10-5-2018 Intel Guru Frank26 Article: "We plan to restructure the Iraqi currency including deleting zeros" RIGHT BEFORE OUR EYES!!! ...YESTERDAY WAS ABOUT THE LD'S BEING REPLACED CAUSE THEY ARE WORN AND TORN...TODAY...THIS IS ABOUT THE NEW CATEGORY SMALL NOTES!!! WE FREAKEN TOLD YOU SO!!!
10-5-2018 Newshound Guru Kaperoni New replacement dinar notes begin circulation next week.
10-5-2018 Intel Guru Bruce What is interesting about that is if they do come out Saturday or Sunday which we think they will...they will be also trading their dinar on their market Sunday night... We also believe the ISX will be trading, and the dinar will be tradable on the ISX but also it will be tradable on the NASDAQ in the US on Monday morning. We should have visibility more with Iraq and the dinar as the result of what they will be doing over the weekend whether it is Saturday or Sunday. ...It is looking good for the next few days... I am encouraged. I am excited. I feel good where we are... [post 2 of 2]
10-5-2018 Intel Guru Bruce [via Pinkroses] Just when it was safe to close the door on Iraq, something else comes out. Today we got information from Sulaymaniyah, one of our sources there, that Iraq is going to have their lower denominations not only at the ATMs. These are the lower ones the 10s, 20s...the lower denoms and they will be everywhere. They will be in the stores, the banks, the ATMs. They supposed to bring them out either Saturday or Sunday. Sunday is the first day of their business week...It is a very good sign that they are saying to the world...hey we have revalued. This is our new rate, and we have the new lower denoms to go to. [post 1 of 2....stay tuned]
10-5-2018 Newshound Guru Bloodloch New small denominations of the same currency are not what I'm looking for. Rather, I'm looking for something quite different. Perhaps they are just getting the public accustomed to the idea of new currency issues. New artwork and such.
10-5-2018 Newshound Guru MilitiaMan ...There is nothing that suggests outside of next week.. They clearly are reiterating there intentions to bring in the new [currency ?] next week. Abadi is PM now while and through the end of seating the Cabinet... The environment is stable and secure now and will be... Thus, the Independence of the CBI can roll out the new when appropriate, and there words are next week and that is their words not mine, or even any speculation about it what so ever. ...You don't bring in small currency with out a rate change... That is imo a reality..
10-4-2018 *** Dinar Guru NewsFlash *** It's official, late yesterday afternoon, Iraqi parliament elected Barham Salih as Iraq's next President. Salih quickly appointed Adil Abdul Mahdi as Prime Minister of Iraq. This was done FIFTEEN DAY EARLY! Now, under Iraqi's constitutional rules, Mahdi has 30 days to present the next Government of Iraq for parliament approval. Once approved, Mahdi will officially be the next Prime Minister of Iraq and the government will be seated. Several guru camps have described Mahdi as pro-economic reform. He as an economic background and is the former Oil Minister. This is all very exciting...stay tuned as the gurus continue to chime in about what Mahdi's impact might be on a possible dinar RV and/or rate change! The latest guru post will continue below...
10-4-2018 Newshound Guru Currency365 CBI releasing new lower notes next week for trading to stop the liquidity crisis...doesn't need a rate change even though we would like one but the small notes/coins need a rate change cause they would have negative value...so expect the new 1000, 500, and maybe 250 next week
10-4-2018 Newshound Guru Kaperoni Starting next week the CBI will start pumping replacement notes into the market for those that have been damaged over the years. Many new features. ...Nothing more than replacement, not the beginning of some RV or RI lol. Not how it's going to happen. The sheer fact that they're doing this should prove to you that there is no overnight event. If and when the dinar starts to rise it could take one to three years to get equal to a dollar. It is totally related to how fast investment comes into the country. Providing replacement notes for the citizens is always a good thing.
10-4-2018 Intel Guru RayRen98 Sources are reporting that Prime Minister-Designate Abdul Mahdi will announce his cabinet members at the next Parliament session on Tuesday, adding that if not on Tuesday, then it will be announced on Thursday. This cabinet will replace PM Abadi's cabinet, who appears to be in full cooperation with the change of power. Iraqi TV reports the CBI announcing the placement of large quantities of the smaller notes in circulation next week to meet the needs of daily transactions. The 1,000 dinar note resurfaces as tattered 250's and 500's are being replaced with new currency. There is speculation that even smaller currency will be introduced next week also...TIME WILL TELL...
10-4-2018 Newshound/Intel Guru Mnt Goat Article: "AL-HANAL: THE TIME IS RIGHT TO LAUNCH THE JD TRILLION INITIATIVE" Quote: "...THE TIME IS APPROPRIATE to activate the initiative of the Central Bank of “trillion dinars” for the support of small and medium enterprises..." So can they make more money from loaning money than they can from the currency auction spread? ...the timing of this news could not get any better. This is part of the “deliberate steps” the CBI is talking about...when they delayed the project to delete the zeros in April. We can now witness also the STABILITY of the government has come and this election saga is finally over. ...Will they decide to continue the project to delete the zeros and pick up where they left off in April? I believe they will. We know that this initiative in this article is part of the...redenomination process. So this is VERY good news for us. This initiative will coincide with getting off the currency auctions... This too is one of the issues in supporting the go ahead by the CBI to let the project to delete the zeros get into full swing.
10-4-2018 Intel Guru Frank26 Mahdi is loved by the citizens and everyone in Iraq...Not committed to any political bloc...supports economic and monetary reforms, HCL for citizens, give citizens more purchasing power...wrote many report including his opposition to the auctions. Mahdi has 30 days to form his government...Mahdi supports the lifting of the 3 o's and will bust-open the reforms. Mahdi as PM will enhance security and stability and a suitable environment to allow all all economic and monetary reforms to continue. PM Abadi is still in charge of the government until Mahdi puts together his government in 30 days...let the dust settle. The most important thing to remember is to seat the government, not who is the PM. [post 2 of 2]
10-4-2018 Intel Guru Frank26 [via Manaolana3] Synopsis: Announcement made Mahdi as next PM; question whether his acceptance is constitutional; BUT it's not over yet (announcement took Frank and Teams by surprise). USA supports Mahdi and is being congratulated by many including ME countries, Amb Silliman, State Dept Rep McGurk,and others. USA gave list of technocrats to Mahdi; will rid of Iranian influence in Iraq, but most important seating of the government of Iraq. Mahdi is recognized by all parties due to his history, whereas, Abadi is not. Mahdi is a bridge, a conduit to the GOI, but is not from the large bloc; may have issues, and if there is opposition, may walk. Madhi has the support of Sistani; supports Sistani's plans/reforms, is a settlement candidate... [post 1 of 2....stay tuned]
1-4-2018 Newshound Guru Adam Montana [How is the political map looking now that Barham Saleh has been announced as the President?] I don't see anything wrong with this pick. In fact, his immediate announcement of a choice in PM says a lot about how we can expect things to change. This is possibly even better than Abadi remaining PM... the status quo is due for a shakeup, and a "fresh face" can certainly do that now. Looking forward to the coming days!
10-4-2018 Newshound/Intel Guru Mnt Goat So I told everyone...that come this next constitutional deadline of Oct 2nd the flood gates would probably open wide with news and this election saga would wind down. So...October 2nd, we witnessed finally the election of the new president and he announced his candidate for prime minister minutes after these formalities were over based on the provisions of Article 76 Constitution. Now this candidate has to go before the parliament to be ratified and this should be more of formality than anything else. Article quote: "Douglas Silliman, the US ambassador to Iraq congratulated Mahdi and wished him the best of success to as he starts to form the new government of Iraq. The USA will work with the future PM to help his government meet the needs and aspirations of all the people of Iraq." So it appears that the USA does accept and will support this new prime minister Mahdi. This is very good for us.
10-4-2018 Newshound Guru Kaperoni Starting next week the CBI will start pumping replacement notes into the market for those that have been damaged over the years. Many new features. ...Nothing more than replacement, not the beginning of some RV or RI lol. Not how it's going to happen. The sheer fact that they're doing this should prove to you that there is no overnight event. If and when the dinar starts to rise it could take one to three years to get equal to a dollar. It is totally related to how fast investment comes into the country. Providing replacement notes for the citizens is always a good thing.
10-4-2018 Intel Guru RayRen98 Sources are reporting that Prime Minister-Designate Abdul Mahdi will announce his cabinet members at the next Parliament session on Tuesday, adding that if not on Tuesday, then it will be announced on Thursday. This cabinet will replace PM Abadi's cabinet, who appears to be in full cooperation with the change of power. Iraqi TV reports the CBI announcing the placement of large quantities of the smaller notes in circulation next week to meet the needs of daily transactions. The 1,000 dinar note resurfaces as tattered 250's and 500's are being replaced with new currency. There is speculation that even smaller currency will be introduced next week also...TIME WILL TELL...
10-4-2018 Newshound/Intel Guru Mnt Goat Article: "AL-HANAL: THE TIME IS RIGHT TO LAUNCH THE JD TRILLION INITIATIVE" Quote: "...THE TIME IS APPROPRIATE to activate the initiative of the Central Bank of “trillion dinars” for the support of small and medium enterprises..." So can they make more money from loaning money than they can from the currency auction spread? ...the timing of this news could not get any better. This is part of the “deliberate steps” the CBI is talking about...when they delayed the project to delete the zeros in April. We can now witness also the STABILITY of the government has come and this election saga is finally over. ...Will they decide to continue the project to delete the zeros and pick up where they left off in April? I believe they will. We know that this initiative in this article is part of the...redenomination process. So this is VERY good news for us. This initiative will coincide with getting off the currency auctions... This too is one of the issues in supporting the go ahead by the CBI to let the project to delete the zeros get into full swing.
10-4-2018 Intel Guru Frank26 Mahdi is loved by the citizens and everyone in Iraq...Not committed to any political bloc...supports economic and monetary reforms, HCL for citizens, give citizens more purchasing power...wrote many report including his opposition to the auctions. Mahdi has 30 days to form his government...Mahdi supports the lifting of the 3 o's and will bust-open the reforms. Mahdi as PM will enhance security and stability and a suitable environment to allow all all economic and monetary reforms to continue. PM Abadi is still in charge of the government until Mahdi puts together his government in 30 days...let the dust settle. The most important thing to remember is to seat the government, not who is the PM. [post 2 of 2]
10-4-2018 Intel Guru Frank26 [via Manaolana3] Synopsis: Announcement made Mahdi as next PM; question whether his acceptance is constitutional; BUT it's not over yet (announcement took Frank and Teams by surprise). USA supports Mahdi and is being congratulated by many including ME countries, Amb Silliman, State Dept Rep McGurk,and others. USA gave list of technocrats to Mahdi; will rid of Iranian influence in Iraq, but most important seating of the government of Iraq. Mahdi is recognized by all parties due to his history, whereas, Abadi is not. Mahdi is a bridge, a conduit to the GOI, but is not from the large bloc; may have issues, and if there is opposition, may walk. Madhi has the support of Sistani; supports Sistani's plans/reforms, is a settlement candidate... [post 1 of 2....stay tuned]
1-4-2018 Newshound Guru Adam Montana [How is the political map looking now that Barham Saleh has been announced as the President?] I don't see anything wrong with this pick. In fact, his immediate announcement of a choice in PM says a lot about how we can expect things to change. This is possibly even better than Abadi remaining PM... the status quo is due for a shakeup, and a "fresh face" can certainly do that now. Looking forward to the coming days!
10-4-2018 Newshound/Intel Guru Mnt Goat So I told everyone...that come this next constitutional deadline of Oct 2nd the flood gates would probably open wide with news and this election saga would wind down. So...October 2nd, we witnessed finally the election of the new president and he announced his candidate for prime minister minutes after these formalities were over based on the provisions of Article 76 Constitution. Now this candidate has to go before the parliament to be ratified and this should be more of formality than anything else. Article quote: "Douglas Silliman, the US ambassador to Iraq congratulated Mahdi and wished him the best of success to as he starts to form the new government of Iraq. The USA will work with the future PM to help his government meet the needs and aspirations of all the people of Iraq." So it appears that the USA does accept and will support this new prime minister Mahdi. This is very good for us.
10-3-2018 Intel Guru Delta FYI ...ABADI'S GOV IS STILL IN CHARGE...UNTIL THE NEW GOV GET CONFIRM BY PARLIAMENT...MAHDI IS WELL RESPECTED AMONG ALL IN IRAQ...BRILLIANT MOVE BY US AND ABADI.... NOTHING MATTER ANYMORE...CBI 2 WEEKS ALMOST OVER...
10-3-2018 Newshound Guru Kaperoni As stated a month ago, once the new government is formed the IMF will schedule its Article IV Consultation with Iraq and CBI. Need signed commitments. This new government when complete is very pro reform so we should expect parliament to begin immediately passing laws. Prime Minister designate Adil Abd al-Mahdi is very aware of currency reform. He wrote about several years ago describing the process. It is my guess that once the new government is formed that engaging Iraqi banks with the world financial system would be a top priority as well as begin currency reform.
10-3-2018 Newshound Guru Bloodloch My take on this isn't "whether" it will happen, although I believe it will, or even "when" it will happen, although I believe it's soon. It's more about "how" I believe it can happen in a controlled self-managing manner that utilizes the natural inclinations of people to gravitate towards the advantageous position in their daily lives, as well as the "why" it will work on a macro scale. It's also about how they have been manipulating certain numbers to prepare for this in ways that may not be immediately apparent or obvious. Looking for an immediate benefit to the Iraqi citizens (they won't even want dollars at that point, let alone be requested to turn them in), and a fairly rapid positive tightening of the international exchange rates with the IQD.
10-3-2018 Newshound Guru Adam Montana For the last few months, we've been in a holding pattern. We know what's coming, and it has been obvious that progress was being made, but let's be honest... it was a lonnnnng, slowwwww couple months waiting for SOMETHING to pop. As of yesterday, that slow moving train gave it's first puff of black smoke and the wheels made the first turn...this giant piece of history began inching forward, and we have some actual news...Iraq has a new president...Barham Salih. What's more, and this happened lightning fast... President Barham Salih has named Abdul Mahdi as Prime Minister...New Iraqi President Barham Salih had 15 days to name the new PM, but he did not wait. He did it immediately. There are obviously plans being set into motion, that were organized well in advance of this announcement. This is breaking news at this time, so the situation is fluid... but this was a major milestone, and we're hearing the train start to chug. CHOOO CHOOOOO!!! Let's go, Iraq!
10-3-2018 Newshound/Intel Guru Arthur From what I'm getting from the sandbox the whole Mahdi for PM was done to appease Maliki and his Iranian backed goons...keeping them from continuing to throw political monkey wrenches into the process. As far as dinarland is concerned, knowing that GOI + HCL = RV, we don't care of Daffy Duck is the President and Bugs Bunny is the Prime Minister so long as we get a stable GOI. Remember CBI Governor Ali Mohsen Ismail Al-Alaq has told us a stable environments what is needed to officially initiate the deletion of the zeros project. We also know they are about to flood the country with lower denominations that must have a new value to be utilized by the citizens. IMO, once we can officially confirm QI Card payments to all citizens from the oil revenues as promised (HCL), whatever it is we have been waiting on all these years will have began.
10-3-2018 Intel Guru Bruce [via PinkRoses] I can tell you as of today Iraq is done of what it is they said they do...They had elected a new President. His name is Saleh...Even know though you may be reading Abdul-Mahdi is the new Prime Minister, I can tell you that Abadi is still going to be the Prime Minister for the next two years. I believe that is what I have been told by people in Iraq, and that seems to be what I trust at this time. He will be Prime Minister for a couple more years...The other thing...Iraq was supposed to do what they needed to do with the CBI. I have not heard a report of that, and personally I don’t think we will see it here yet, but supposedly they have gotten their CBI put together where sensibly there be a rate and they would be complete. ...Everything is pointing toward a release that should be this week...I am excited where we are.
10-3-2018 Intel Guru Frank26 [via future] ...." WE DO NOT CARE WHO THE PM IS...ALL MY TEAMS WANT TO SEE IS THE SITTING OF THE GOI." THEN TODAY CAME ALONG...TA DA...YOU NOW WILL SEE THIS GOI ANNOUNCE ITSELF...AND IT WILL NOT TAKE THE FULL 30 DAYS THEY ARE PERMITTED TO USE. AND THEN...IMO...WE WILL NOW SEE THE LD'S COME TO REPLACE THE OLD AND WORN OUT CURRENCY... SHORTLY THEREAFTER THE RELEASE OF THE SMALL CURRENCY CATEGORY NOTES THAT THE CBI TOLD US WOULD COME OUT IN THIS MONTH OF OCTOBER ACCOMPANIED BY A LIFTING OF THE 3 ZEROS FROM THEIR EXCHANGE RATE. AS I SAID...I DID NOT CARE WHO THE PM WAS...NOR DID THE CBI. BUT I SURE DO CARE ABOUT WHAT THE CBI IS NOW...PREPARED...TO DO. WHY? BECAUSE... IMO...THIS SITTING WAS / IS...THE FINAL SUITABLE ENVIRONMENT!!!
10-3-2018 Newshound Guru Currency365 New President...Barham Salih appoints Adel Abdul Mahdi as the NEW PRIME MINISTER of IRAQ...
10-3-2018 Intel Guru ADMINBILL ...I ask that you all put the info you receive in a pot on the stove and turn the burner up. In the past the burner was set to low heat so the stew never was ready to eat. In the past few months the flame has been turned up higher each week. We are nearing a point when a delicious stew will be ready to eat. Don't discount the information you are hearing but note that bankers, etc have been ready for months with rates on the screens, etc...
10-3-2018 Newshound Guru Kaperoni As stated a month ago, once the new government is formed the IMF will schedule its Article IV Consultation with Iraq and CBI. Need signed commitments. This new government when complete is very pro reform so we should expect parliament to begin immediately passing laws. Prime Minister designate Adil Abd al-Mahdi is very aware of currency reform. He wrote about several years ago describing the process. It is my guess that once the new government is formed that engaging Iraqi banks with the world financial system would be a top priority as well as begin currency reform.
10-3-2018 Newshound Guru Bloodloch My take on this isn't "whether" it will happen, although I believe it will, or even "when" it will happen, although I believe it's soon. It's more about "how" I believe it can happen in a controlled self-managing manner that utilizes the natural inclinations of people to gravitate towards the advantageous position in their daily lives, as well as the "why" it will work on a macro scale. It's also about how they have been manipulating certain numbers to prepare for this in ways that may not be immediately apparent or obvious. Looking for an immediate benefit to the Iraqi citizens (they won't even want dollars at that point, let alone be requested to turn them in), and a fairly rapid positive tightening of the international exchange rates with the IQD.
10-3-2018 Newshound Guru Adam Montana For the last few months, we've been in a holding pattern. We know what's coming, and it has been obvious that progress was being made, but let's be honest... it was a lonnnnng, slowwwww couple months waiting for SOMETHING to pop. As of yesterday, that slow moving train gave it's first puff of black smoke and the wheels made the first turn...this giant piece of history began inching forward, and we have some actual news...Iraq has a new president...Barham Salih. What's more, and this happened lightning fast... President Barham Salih has named Abdul Mahdi as Prime Minister...New Iraqi President Barham Salih had 15 days to name the new PM, but he did not wait. He did it immediately. There are obviously plans being set into motion, that were organized well in advance of this announcement. This is breaking news at this time, so the situation is fluid... but this was a major milestone, and we're hearing the train start to chug. CHOOO CHOOOOO!!! Let's go, Iraq!
10-3-2018 Newshound/Intel Guru Arthur From what I'm getting from the sandbox the whole Mahdi for PM was done to appease Maliki and his Iranian backed goons...keeping them from continuing to throw political monkey wrenches into the process. As far as dinarland is concerned, knowing that GOI + HCL = RV, we don't care of Daffy Duck is the President and Bugs Bunny is the Prime Minister so long as we get a stable GOI. Remember CBI Governor Ali Mohsen Ismail Al-Alaq has told us a stable environments what is needed to officially initiate the deletion of the zeros project. We also know they are about to flood the country with lower denominations that must have a new value to be utilized by the citizens. IMO, once we can officially confirm QI Card payments to all citizens from the oil revenues as promised (HCL), whatever it is we have been waiting on all these years will have began.
10-3-2018 Intel Guru Bruce [via PinkRoses] I can tell you as of today Iraq is done of what it is they said they do...They had elected a new President. His name is Saleh...Even know though you may be reading Abdul-Mahdi is the new Prime Minister, I can tell you that Abadi is still going to be the Prime Minister for the next two years. I believe that is what I have been told by people in Iraq, and that seems to be what I trust at this time. He will be Prime Minister for a couple more years...The other thing...Iraq was supposed to do what they needed to do with the CBI. I have not heard a report of that, and personally I don’t think we will see it here yet, but supposedly they have gotten their CBI put together where sensibly there be a rate and they would be complete. ...Everything is pointing toward a release that should be this week...I am excited where we are.
10-3-2018 Intel Guru Frank26 [via future] ...." WE DO NOT CARE WHO THE PM IS...ALL MY TEAMS WANT TO SEE IS THE SITTING OF THE GOI." THEN TODAY CAME ALONG...TA DA...YOU NOW WILL SEE THIS GOI ANNOUNCE ITSELF...AND IT WILL NOT TAKE THE FULL 30 DAYS THEY ARE PERMITTED TO USE. AND THEN...IMO...WE WILL NOW SEE THE LD'S COME TO REPLACE THE OLD AND WORN OUT CURRENCY... SHORTLY THEREAFTER THE RELEASE OF THE SMALL CURRENCY CATEGORY NOTES THAT THE CBI TOLD US WOULD COME OUT IN THIS MONTH OF OCTOBER ACCOMPANIED BY A LIFTING OF THE 3 ZEROS FROM THEIR EXCHANGE RATE. AS I SAID...I DID NOT CARE WHO THE PM WAS...NOR DID THE CBI. BUT I SURE DO CARE ABOUT WHAT THE CBI IS NOW...PREPARED...TO DO. WHY? BECAUSE... IMO...THIS SITTING WAS / IS...THE FINAL SUITABLE ENVIRONMENT!!!
10-3-2018 Newshound Guru Currency365 New President...Barham Salih appoints Adel Abdul Mahdi as the NEW PRIME MINISTER of IRAQ...
10-3-2018 Intel Guru ADMINBILL ...I ask that you all put the info you receive in a pot on the stove and turn the burner up. In the past the burner was set to low heat so the stew never was ready to eat. In the past few months the flame has been turned up higher each week. We are nearing a point when a delicious stew will be ready to eat. Don't discount the information you are hearing but note that bankers, etc have been ready for months with rates on the screens, etc...
10-1-2018 Newshound Guru Kaperoni The only way the dinar can appreciate in value is if the CBI floats the currency to counter inflationary pressure created by an influx of investment/investors. Even then it will take time. I am still very hopeful that banking reforms will begin this year. Though it is contingent on the formation of the new GOI, passing laws.
10-1-2018 Newshound/Intel Guru Mnt Goat Remember we are waiting for the “reinstatement” of the dinar first and as a result of this process they will have to raise the rate when they re-peg the dinar to the SDR basket from a sole de -facto peg to the US dollar, thus many call this an RV or revaluation. ...many just think it going to pop out at the banks with a new rate...Folks for the use of the term “international” currency it must be accompanied with a “formal” and “official” reinstatement. It can not just RV...
10-1-2018 Newshound Guru Currency365 The Iraqi parliament is holding at 8pm tonight, a decisive session for the election of the President of the Republic...
10-1-2018 Intel Guru Jester BEEN WORKING WITH THE WOLF [GURU REDWOLF] OFF AND ON ALL WEEK... THERE IS STUFF HAPPENING...THE REAL GUYS ARE CONVINCED THINGS ARE UNDERWAY... BUT STILL NO TIME TABLE IS FORTHCOMING...THE BOTTOM LINE IS THE PEOPLE I DO TRUST ARE CONVINCED THINGS ARE UNDERWAY... BY THAT MEANING THE PROCESS IS MOVING ALONG...THE MAIN THING IS THE ONES THAT COUNT THINK WE ARE THAT CLOSE...
10-1-2018 Newshound/Intel Guru Mnt Goat Remember we are waiting for the “reinstatement” of the dinar first and as a result of this process they will have to raise the rate when they re-peg the dinar to the SDR basket from a sole de -facto peg to the US dollar, thus many call this an RV or revaluation. ...many just think it going to pop out at the banks with a new rate...Folks for the use of the term “international” currency it must be accompanied with a “formal” and “official” reinstatement. It can not just RV...
10-1-2018 Newshound Guru Currency365 The Iraqi parliament is holding at 8pm tonight, a decisive session for the election of the President of the Republic...
10-1-2018 Intel Guru Jester BEEN WORKING WITH THE WOLF [GURU REDWOLF] OFF AND ON ALL WEEK... THERE IS STUFF HAPPENING...THE REAL GUYS ARE CONVINCED THINGS ARE UNDERWAY... BUT STILL NO TIME TABLE IS FORTHCOMING...THE BOTTOM LINE IS THE PEOPLE I DO TRUST ARE CONVINCED THINGS ARE UNDERWAY... BY THAT MEANING THE PROCESS IS MOVING ALONG...THE MAIN THING IS THE ONES THAT COUNT THINK WE ARE THAT CLOSE...
10-2-2018 Newshound Guru Bloodloch [Can you share in your opinion, does this thing end in 2018 or are you looking at 2019.] I'm expecting it to happen when they generally and broadly start releasing the new smaller denominations, which some have reported could begin this month (October), but likely not before the full government, including the Prime Minister, is seated.
10-2-2018 Newshound Guru Walkingstick ...In reality, they now have a Speaker of the house who's seating is in violation of their constitution ... A President of the Republic, who's seating is not in violation but breaks the customary role of revolving between the Kurdish parties... A prime Minister, nominee (Mahdi)... a clear violation, not coming from the largest bloc... Brought of out retirement as a "settlement candidate".. One that, the majority now supports...In closing, if.. Mahdi were to form a government... He has always been a staunch supporter of the monetary/ economic reform.. bringing the dinar to the regional and international level, ceasing the auctions and the distribution of oil proceeds to the people ...
10-2-2018 Newshound Guru Kaperoni So its official...a new president of the Republic of Iraq...Barham Saleh. By the way the choices so far for president of parliament and president of the Republic of Iraq are pro economic reform. If Madhi gets in as prime minister we should see reforms start very soon including currency reform.
10-2-2018 Intel Guru RayRen98 Ammar al-Hakim Barham Saleh captures the presidency today with 220 votes...Reports indicate that President Saleh has selected Mahdi as the Prime Minister-designate two hours after being confirmed President...
10-2-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament elects Barham Salih as Iraqi president. He is a former PM of Iraqi Kurdish Regional Government.
10-2-2018 Newshound Guru Currency365 Anybody can be the next Prime minister of Iraq they could surprise us all... but first let them pick the President by Oct 2nd deadline according to New Speaker... constitutionally they have till Oct 10th...FYI
10-2-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament convenes to elect an Iraqi president but only 192 MPs present...Out of 329 MPs. Office of Iraqi Parliament says it will publish names of MPs who do not attend today's meeting. Speaker of Parliament says today's meeting will continue until a president of Iraq is elected.
10-2-2018 Intel Guru Frank26 [via Clare] "Prepared" - we Know it will happen...don't worry about when, it, IS happening...FAB 4, CBI ...ARE ready...looking for suitable Environment...POTUS will "Clean the Floor"...wants Iranian influence gone. 1). Teams strongly feel GOI should be seated...USA is "preparing" Iraq to seat its Gov. 2). In postion & "prepared" are the specimen sheets that the CBI sent to all the Central Banks around the world "prepared" for authenticity...Whales & Sharks, already using for trade, investing in Iraq & Contracts. Banks "prepared" ...ready for future customers...in position for rate change...Right Now! The RI of IQD has a date...POTUS has enough time, before the date, to deal with Iran... 3). ...so far Iraq spent 160 million to print currency... Teams are waiting for something this month...IMO.
10-2-2018 Newshound /Intel Guru Mnt Goat The banks are now brokering the dinar (buying and selling) it just as the online internet brokers are that you may have ordered it from. Why not since there is lots of money to be made and the banks deal with currencies and like to make money...They are NOT trading the dinar...There is a difference between selling and buying as a broker from trading it. If the banks were trading the dinar it would be sold on the currency exchanges too. It is NOT. The banks can not legally trade the dinar until it is reinstated as a global currency...So for a short period during the ISIS war in Iraq, they US treasury asked that they banks do not sell or buy this currency since they were afraid it could be used to fund terrorism once again. We even witnessed in late 2015 that the CBI wanted to reinstate the dinar but again it was denied due to the ongoing war with ISIS. They told us it would happen in “EARLY 2017” but again the war was not yet over until LATE 2017. Then in 2018, came the election saga and here we stand still waiting.
10-2-2018 Newshound Guru Walkingstick ...In reality, they now have a Speaker of the house who's seating is in violation of their constitution ... A President of the Republic, who's seating is not in violation but breaks the customary role of revolving between the Kurdish parties... A prime Minister, nominee (Mahdi)... a clear violation, not coming from the largest bloc... Brought of out retirement as a "settlement candidate".. One that, the majority now supports...In closing, if.. Mahdi were to form a government... He has always been a staunch supporter of the monetary/ economic reform.. bringing the dinar to the regional and international level, ceasing the auctions and the distribution of oil proceeds to the people ...
10-2-2018 Newshound Guru Kaperoni So its official...a new president of the Republic of Iraq...Barham Saleh. By the way the choices so far for president of parliament and president of the Republic of Iraq are pro economic reform. If Madhi gets in as prime minister we should see reforms start very soon including currency reform.
10-2-2018 Intel Guru RayRen98 Ammar al-Hakim Barham Saleh captures the presidency today with 220 votes...Reports indicate that President Saleh has selected Mahdi as the Prime Minister-designate two hours after being confirmed President...
10-2-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament elects Barham Salih as Iraqi president. He is a former PM of Iraqi Kurdish Regional Government.
10-2-2018 Newshound Guru Currency365 Anybody can be the next Prime minister of Iraq they could surprise us all... but first let them pick the President by Oct 2nd deadline according to New Speaker... constitutionally they have till Oct 10th...FYI
10-2-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament convenes to elect an Iraqi president but only 192 MPs present...Out of 329 MPs. Office of Iraqi Parliament says it will publish names of MPs who do not attend today's meeting. Speaker of Parliament says today's meeting will continue until a president of Iraq is elected.
10-2-2018 Intel Guru Frank26 [via Clare] "Prepared" - we Know it will happen...don't worry about when, it, IS happening...FAB 4, CBI ...ARE ready...looking for suitable Environment...POTUS will "Clean the Floor"...wants Iranian influence gone. 1). Teams strongly feel GOI should be seated...USA is "preparing" Iraq to seat its Gov. 2). In postion & "prepared" are the specimen sheets that the CBI sent to all the Central Banks around the world "prepared" for authenticity...Whales & Sharks, already using for trade, investing in Iraq & Contracts. Banks "prepared" ...ready for future customers...in position for rate change...Right Now! The RI of IQD has a date...POTUS has enough time, before the date, to deal with Iran... 3). ...so far Iraq spent 160 million to print currency... Teams are waiting for something this month...IMO.
10-2-2018 Newshound /Intel Guru Mnt Goat The banks are now brokering the dinar (buying and selling) it just as the online internet brokers are that you may have ordered it from. Why not since there is lots of money to be made and the banks deal with currencies and like to make money...They are NOT trading the dinar...There is a difference between selling and buying as a broker from trading it. If the banks were trading the dinar it would be sold on the currency exchanges too. It is NOT. The banks can not legally trade the dinar until it is reinstated as a global currency...So for a short period during the ISIS war in Iraq, they US treasury asked that they banks do not sell or buy this currency since they were afraid it could be used to fund terrorism once again. We even witnessed in late 2015 that the CBI wanted to reinstate the dinar but again it was denied due to the ongoing war with ISIS. They told us it would happen in “EARLY 2017” but again the war was not yet over until LATE 2017. Then in 2018, came the election saga and here we stand still waiting.
9-30-2018 Newshound Guru Currency365 "A political source said Abadi is working intensively to reunite al-Sadr with al-Maliki, indicating that a "settlement" between parties will be picking "Adel Abdul Mahdi," as candidate for post of Prime Minister" Sit back relax and watch the it all play out folks.
9-30-2018 Intel Guru RayRen98 Sunday - Kurds did not yet agree on a candidate-select for president and dislike that Baghdad is making their decision for them. They left the meeting referencing unconstitutional activity and will not attend any Parliament meetings due to that fact. Without the Kurds, a quorum cannot be established to have official votes passed and they want the Federal Court to intervene. The saga between the Kurds and Baghdad continues. [post 2 of 2]
9-30-2018 Intel Guru RayRen98 Saturday - A bank source reported rates on ...The dinar...flashing from 3.71 up to 4.81 and then graying out. They expect final rates the first week of October if all continues as informed. Iraq TV reported an agreement from members of Parliament blacklisting anyone who participated in the Kurdistan referendum from holding the title of President and not inviting them to take part in Parliament. Kurds were told they have two days to select a candidate to represent them as their President or Saleh would be appointed. [post 1 of 2....stay tuned]
9-30-2018 Newshound Guru Kaperoni ...monetary policy is never a random act...The promise of instant fortune! I assure you there will never be an overnight RV or RI. When the CBI begins to raise the value via float it'll be a tool used by the CBI the counter inflationary pressure. The good news is it will go up in value it just won't happen overnight.
9-30-2018 Intel Guru RayRen98 Sunday - Kurds did not yet agree on a candidate-select for president and dislike that Baghdad is making their decision for them. They left the meeting referencing unconstitutional activity and will not attend any Parliament meetings due to that fact. Without the Kurds, a quorum cannot be established to have official votes passed and they want the Federal Court to intervene. The saga between the Kurds and Baghdad continues. [post 2 of 2]
9-30-2018 Intel Guru RayRen98 Saturday - A bank source reported rates on ...The dinar...flashing from 3.71 up to 4.81 and then graying out. They expect final rates the first week of October if all continues as informed. Iraq TV reported an agreement from members of Parliament blacklisting anyone who participated in the Kurdistan referendum from holding the title of President and not inviting them to take part in Parliament. Kurds were told they have two days to select a candidate to represent them as their President or Saleh would be appointed. [post 1 of 2....stay tuned]
9-30-2018 Newshound Guru Kaperoni ...monetary policy is never a random act...The promise of instant fortune! I assure you there will never be an overnight RV or RI. When the CBI begins to raise the value via float it'll be a tool used by the CBI the counter inflationary pressure. The good news is it will go up in value it just won't happen overnight.
9-29-2018 Newshound/Intel Guru Mnt Goat Right now we know the CBI is slowly, through a process, moving towards more and more use of the lower category notes. We see it in the news. The fact that they are now experiencing a severe shortage in the small categories tells us this process is working. Will the CBI be pumping other, newer smaller category notes in the coming weeks? I fully believe this is not what they are taking about in all these recent articles. They are not yet ready for this next step... We know that electronic banking, Point of Sale (POS), ATMs and other reforms have given them this capability now to utilize these small category notes. They have turned a milestone in the process and so now it is a matter of time until they launch even lower, lower denominations, eventually getting off the older 3 zero notes all together.
9-29-2018 Newshound Guru Kaperoni The Iraqi Banking/Finance Conference 2018 has been pushed off to Nov 4-5. Interesting. Iraq is notorious for being late on agreements. Far back as I can remember they were always six months or more delinquent on accomplishing what they had agreed to. Delaying the investment conference is in the best interest of Iraq because at this time because they are not ready...they have not form the government, passed the delinquent laws or held their Article IV Consultation with the IMF.
9-29-2018 Newshound/Intel Guru Mnt Goat Article quote: "Informed sources said that the political blocs agreed that Adel Abdul Mahdi will be prime minister and that the current Prime Minister Haider Abadi will serve as Vice President of the Republic" ...this could all change again and until they officially announce the nominee for PM, the fat lady has not yet sung. This is just a news article and not official.
9-29-2018 Newshound Guru Breitling …There’s no way around it. Sooner or later they are going to have to add value to their currency. They stated it. They want to do it. They told everybody what the value is. They said they wanted to get back to $1.17 and then after that they want to get to get back to $3.25. I don’t know if they’ll get exactly back to $3.25 but I know what their plan is…nothing has changed…the drama in the middle east has not changed that. [Post 2 of 2]
9-29-2018 Newshound Guru Breitling Let’s say the dinar never revalues… (It would have to be some weird circumstance where it wouldn’t revalue.) If it doesn’t revalue it doesn’t mean you and I are wrong. We’re right. We’re watching everything you see. Think about this. You watch a football game, right? It has 4 quarters, 2 teams and there’s two minutes left on the scoreboard. One team has 49 points and the other team has 0. You kind of know what’s going to happen…there’s no way the other team is going to score 49 points in two minutes. It’s the same thing with Iraq…everything is set in place for them to do international business with their currency…. [Post 1 of 2 Stay tuned for the rest of the story]
9-29-2018 Newshound/Intel Guru Mnt Goat BANNING THE USE 3 ZERO NOTES? I “firmly” do NOT believe...they will stop taking these 3 zero notes (5,000, 10,000, 25,000 and 50,000) and will set a deadline for turning them in. This will NEVER occur since the CBI told these 3 zero notes will “coincide” with the smaller category notes for up to 10 years (or longer if needed). The goal of the CBI is simply to slowly let the economy drive the process and put the dependency on the use of smaller category notes and gradually introduce yet even smaller notes. But I will tell you there will come a point when they will have to reinstate the currency to the international global currency exchanges and trade the currency. This is mainly what we wait for. This is when we go to the banks. When this happens the rate will rise and the CBI will be forced to launch the other even small category notes. So what do you watch for next? ...I am watching for the launching of the 100 dinar note next.
9-29-2018 Newshound Guru Kaperoni The Iraqi Banking/Finance Conference 2018 has been pushed off to Nov 4-5. Interesting. Iraq is notorious for being late on agreements. Far back as I can remember they were always six months or more delinquent on accomplishing what they had agreed to. Delaying the investment conference is in the best interest of Iraq because at this time because they are not ready...they have not form the government, passed the delinquent laws or held their Article IV Consultation with the IMF.
9-29-2018 Newshound/Intel Guru Mnt Goat Article quote: "Informed sources said that the political blocs agreed that Adel Abdul Mahdi will be prime minister and that the current Prime Minister Haider Abadi will serve as Vice President of the Republic" ...this could all change again and until they officially announce the nominee for PM, the fat lady has not yet sung. This is just a news article and not official.
9-29-2018 Newshound Guru Breitling …There’s no way around it. Sooner or later they are going to have to add value to their currency. They stated it. They want to do it. They told everybody what the value is. They said they wanted to get back to $1.17 and then after that they want to get to get back to $3.25. I don’t know if they’ll get exactly back to $3.25 but I know what their plan is…nothing has changed…the drama in the middle east has not changed that. [Post 2 of 2]
9-29-2018 Newshound Guru Breitling Let’s say the dinar never revalues… (It would have to be some weird circumstance where it wouldn’t revalue.) If it doesn’t revalue it doesn’t mean you and I are wrong. We’re right. We’re watching everything you see. Think about this. You watch a football game, right? It has 4 quarters, 2 teams and there’s two minutes left on the scoreboard. One team has 49 points and the other team has 0. You kind of know what’s going to happen…there’s no way the other team is going to score 49 points in two minutes. It’s the same thing with Iraq…everything is set in place for them to do international business with their currency…. [Post 1 of 2 Stay tuned for the rest of the story]
9-29-2018 Newshound/Intel Guru Mnt Goat BANNING THE USE 3 ZERO NOTES? I “firmly” do NOT believe...they will stop taking these 3 zero notes (5,000, 10,000, 25,000 and 50,000) and will set a deadline for turning them in. This will NEVER occur since the CBI told these 3 zero notes will “coincide” with the smaller category notes for up to 10 years (or longer if needed). The goal of the CBI is simply to slowly let the economy drive the process and put the dependency on the use of smaller category notes and gradually introduce yet even smaller notes. But I will tell you there will come a point when they will have to reinstate the currency to the international global currency exchanges and trade the currency. This is mainly what we wait for. This is when we go to the banks. When this happens the rate will rise and the CBI will be forced to launch the other even small category notes. So what do you watch for next? ...I am watching for the launching of the 100 dinar note next.
9-28-2018 Newshound Guru MilitiaMan Article: “Judge Rahim al-Ukaili filed a complaint with the Iraqi judiciary against a former prime minister" ...What I find interesting in this is not only about the justice that is to come for the people of Iraq it is that they too, let us know more of the story... The shell game Iraq has been playing politically. ...the GOI is important, yet not so important as they can't get things done. This makes me feel that the GOI is seated, just not for our eyes, yet. With Maliki having charges, the stability for Iraq just got a new kick up the ladder.. All of this is part of the process as it unfolds and imo it is now on steroids...lol...imo.
9-28-2018 Intel Guru Bruce When it comes to what we are waiting for, we have been getting really good information the last day or two about the fact we are at the point of completion. What I mean by that is security has always been a concern. It is at the point where everything is ready. All systems are ready...In terms of how close are we...I am not going to call it...With that being said, I have heard we are at the point now all systems are ready... Everything we are hearing is very positive. Some of the banks are talking about they are gearing up for a Monday, Tuesday start. ...I am also hearing, however, that the President is in charge of the release and he will give the green light... [post 2 of 2]
9-28-2018 Intel Guru Bruce [via Pinkroses] I said we are at the point now where we are not having to look at Iraq to complete something before we go. However we did hear from Sulaymaniyah, Iraq today, and we heard that all the official notifications with Iraq with their Prime Ministership of Abadi will actually take sort of a role of more powers if you will. More things have been given to him as Prime Minister than are typical...That position and everything having to do with their new Parliament all of that along with CBI, everything we been looking for will be done on Monday, Iraq time...It is all good, but they are so far along that we know what is going on. We know it is done. We are not really waiting on them as we were in the past. [post 1 of 2....stay tuned]
9-28-2018 Newshound Guru Breitling Article: “the Feds decision to raise interest rates will raise the value of the dollar at the expense of the dinar. This will adversely effect the economy of Iraq unless Iraq’s Central Bank accelerates the measures to protect the dinar…” So how do you do that? Well you raise the value of the dinar and you keep up with the interest rates of the US Dollar. What do you have to do to raise the value of the dinar? You start taking more dinar off the market. Or if its already off the market, start adding value…Again, another door of opportunity for the value to be changed. And why do they want the value to be changed? Why do they want the value to go up? …they want Iraqi citizens to do business around the world. That’s why they’ve been doing deals and all that stuff with these international entities, organizations, institutions…it’s all there. Black and white. It’s right there. it’s all in front of you…
9-28-2018 Intel Guru Frank26 Okay, something happened with the BIS. Something happened with the WTO. Something happened with the CBI. Did you notice all of the sudden a few days ago, the CBI comes out and they says “...We’re just going to push the American Dollar away. We don’t want the American Dollar....we’re removing it.” ...we’re gonna ...start...paying our citizens...salary, electronically...and only with the Iraqi Dinar.” “And also, we’re doing some other things with only the Iraqi dinar.” ...We don’t want to use the American Dollar. We’re removing it. Now do you understand what that is? With the MCPs the auctions? Well, you should be jumping for joy! A relationship between the American Dollar and the IQD will develop and, but it will be in a basket. It won’t be in an auction of the CBI. The auctions are in wonderful position, right now, at this moment, for a reinstatement of the Iraqi dinar. [post 2 of 2]
9-28-2018 Intel Guru Frank26 “...something happened with the BIS family. And...With the WTO...The World Trade Organization. And the Bank of International Settlements. Now if you don’t know, the BIS is the Mother of all Central Banks on this planet Earth. And the Central Bank of Iraq, is one of them. And you know...that Central Bank is trying to what? Monetary Reform. Redenominate. Reinstate. Revalue. ...And something happened with them? ...Remember I told you...that there’s a date...for the lifting of the 3 zeros to add value to the currency...I don’t know it...But in my opinion, there is a date. Well, if something happened with the BIS, and CBI, it seems to be it’s because that date is very close. [post 1 of 2....stay tuned]
9-28-2018 Newshound Guru MilitiaMan Article: "Project Finance" Quote: "The need to adopt effective economic plans is essential in all economies of the world in light of the rapid competition in the international labor market, which is increasing over time, in order to maintain presence within the target markets." ...1 high tech job in Iraq may need 10 jobs in support. ...this is now telling the world that the mound they are about to build is going to need people, qualified people and in a big way. Again, that meeting in Amman (imo) was a meeting on conclusion of where Iraq was and apparently gave the green light to get the show on the road, funding. Needing to have employees qualified for the reconstruction was imo green lighted.. The money has to be their in advance. My view it is and will be with no issues, and with an appropriate rate for international banking systems with the latest technologies and with the highest regulations and transparencies that meet the same.. The best of the best, are there now and more will follow.. imo!
9-28-2018 Intel Guru Bruce When it comes to what we are waiting for, we have been getting really good information the last day or two about the fact we are at the point of completion. What I mean by that is security has always been a concern. It is at the point where everything is ready. All systems are ready...In terms of how close are we...I am not going to call it...With that being said, I have heard we are at the point now all systems are ready... Everything we are hearing is very positive. Some of the banks are talking about they are gearing up for a Monday, Tuesday start. ...I am also hearing, however, that the President is in charge of the release and he will give the green light... [post 2 of 2]
9-28-2018 Intel Guru Bruce [via Pinkroses] I said we are at the point now where we are not having to look at Iraq to complete something before we go. However we did hear from Sulaymaniyah, Iraq today, and we heard that all the official notifications with Iraq with their Prime Ministership of Abadi will actually take sort of a role of more powers if you will. More things have been given to him as Prime Minister than are typical...That position and everything having to do with their new Parliament all of that along with CBI, everything we been looking for will be done on Monday, Iraq time...It is all good, but they are so far along that we know what is going on. We know it is done. We are not really waiting on them as we were in the past. [post 1 of 2....stay tuned]
9-28-2018 Newshound Guru Breitling Article: “the Feds decision to raise interest rates will raise the value of the dollar at the expense of the dinar. This will adversely effect the economy of Iraq unless Iraq’s Central Bank accelerates the measures to protect the dinar…” So how do you do that? Well you raise the value of the dinar and you keep up with the interest rates of the US Dollar. What do you have to do to raise the value of the dinar? You start taking more dinar off the market. Or if its already off the market, start adding value…Again, another door of opportunity for the value to be changed. And why do they want the value to be changed? Why do they want the value to go up? …they want Iraqi citizens to do business around the world. That’s why they’ve been doing deals and all that stuff with these international entities, organizations, institutions…it’s all there. Black and white. It’s right there. it’s all in front of you…
9-28-2018 Intel Guru Frank26 Okay, something happened with the BIS. Something happened with the WTO. Something happened with the CBI. Did you notice all of the sudden a few days ago, the CBI comes out and they says “...We’re just going to push the American Dollar away. We don’t want the American Dollar....we’re removing it.” ...we’re gonna ...start...paying our citizens...salary, electronically...and only with the Iraqi Dinar.” “And also, we’re doing some other things with only the Iraqi dinar.” ...We don’t want to use the American Dollar. We’re removing it. Now do you understand what that is? With the MCPs the auctions? Well, you should be jumping for joy! A relationship between the American Dollar and the IQD will develop and, but it will be in a basket. It won’t be in an auction of the CBI. The auctions are in wonderful position, right now, at this moment, for a reinstatement of the Iraqi dinar. [post 2 of 2]
9-28-2018 Intel Guru Frank26 “...something happened with the BIS family. And...With the WTO...The World Trade Organization. And the Bank of International Settlements. Now if you don’t know, the BIS is the Mother of all Central Banks on this planet Earth. And the Central Bank of Iraq, is one of them. And you know...that Central Bank is trying to what? Monetary Reform. Redenominate. Reinstate. Revalue. ...And something happened with them? ...Remember I told you...that there’s a date...for the lifting of the 3 zeros to add value to the currency...I don’t know it...But in my opinion, there is a date. Well, if something happened with the BIS, and CBI, it seems to be it’s because that date is very close. [post 1 of 2....stay tuned]
9-28-2018 Newshound Guru MilitiaMan Article: "Project Finance" Quote: "The need to adopt effective economic plans is essential in all economies of the world in light of the rapid competition in the international labor market, which is increasing over time, in order to maintain presence within the target markets." ...1 high tech job in Iraq may need 10 jobs in support. ...this is now telling the world that the mound they are about to build is going to need people, qualified people and in a big way. Again, that meeting in Amman (imo) was a meeting on conclusion of where Iraq was and apparently gave the green light to get the show on the road, funding. Needing to have employees qualified for the reconstruction was imo green lighted.. The money has to be their in advance. My view it is and will be with no issues, and with an appropriate rate for international banking systems with the latest technologies and with the highest regulations and transparencies that meet the same.. The best of the best, are there now and more will follow.. imo!
9-27-2018 Newshound/Intel Guru Mnt Goat ...Many keep asking me - Will this RV ever occur? ...it will soon and is actually underway. ...We know (since they CBI itself has told us) that the reinstatement will be at a much higher rate and the currency will be re-pegged off the sole de facto peg to the US Dollars to an “SDR basket” of five currencies, one of which will be the US Dollar. We know (since the CBI itself has told us) that they want to move the Iraqi dinar back to its “glory days”...the 1930’s and 1940’s.. We can then look up the past rate of this period and see it was steady at around $4.86 USD per 1 dinar. This leads me then to believe that this is around the stabilizing, normalized rate that the CBI intends to have dinar someday soon. [post 3 of 3]
9-27-2018 Newshound/Intel Guru Mnt Goat Are there still the larger 3 zero notes in circulation? Yes of course...only 2/3 were taken out of circulation and so 1/3 still remain. Don’t forget also we hold some of this remaining 1/3. The CBI wants to retrieve these too. There are even some of the ATMs in Iraq that are still dispersing them. But this is short lived not the norm or the trend the CBI wants to push the monetary policy towards. These ATMs are only temporary and will change over as more of the smaller categories are dispersed by the CBI in the coming weeks and months. We know that the denominations the CBI still has to yet disperse are the 5, 10, 25, 50, 100 notes and coins...the 100 dinar denomination is probably the most likely note to be issued next. [post 2 of 3....stay tuned]
9-27-2018 Newshound/Intel Guru Mnt Goat The CBI has just recently...told us that they fully intend to infuse yet even more of the 20, 500 and 1,000 notes into circulation. Why would they do this? They are doing this since these notes are now the most widely used notes in Iraq. They are even going after the worn-out notes and replacing them. They do not even mention the larger 3 zero notes anymore. But we know they are still there. We know that the CBI told us these older 3 zero notes will coincide with the smaller category notes for at least 10 years. [post 1 of 3....stay tuned]
9-27-2018 Newshound/Intel Guru David M. Witty Iraqi Speaker of Parliament: there are 31 candidates for the presidency of the republic, but only 7 meet the conditions. In Iraqi election news, Iraqi Parliament will go forward with 7 of the original 31 candidates for president. Most of the remainder do not have the necessary qualifications.
9-27-2018 Intel Guru Frank26 Inside the Monetary Reform is a re-denomination. Which I believe is also well established. ...After that comes, the third thing. Actually the third and fourth are in combination, and that might be what would cause some trouble. It is the re-instatement and the revaluazation, of the Iraqi Dinar. ...so in conjunction is the RI, the reinstatement, and the revaluazation, because once you reinstate the currency, it’s in position, either at that moment to revalue, or, it’s in position to revalue very shortly afterwards. How is it revalued? By the lifting of the 3 zeros of the exchange rate. Yeah. There is the Monetary Reform that is introducing a redenomination and that...will bring forth a reinstatement and a revaluazation. The RI, the RV can occur in conjunction, instantly together, or they can occur once and then the other one. But, it would be a Reinstatement first, that would then bring forth an RV. [post 3 of 3]
9-27-2018 Intel Guru Frank26 And as far as I’m concerned, they are well past that as well too. Not only in the education to the citizens, but also in printing it. ...You saw millions and millions that they spent in printing new currency. ...They even told you which category... Very clearly. And we established the difference in the lower denoms, which have a space, a Specimen stamp on the new ones that are leaving the borders of Iraq! And where are they going? Oh yes! To all the other Central Banks in Iraq! [IMO] The Iraqi currency by the Central Bank of Iraq and many world entities along and in conjunction with the government of Iraq, are going through are… are going through a Monetary Reform, “MR.” [post 2 of 3....stay tuned]
9-27-2018 Intel Guru Frank26 The Central Bank of Iraq, in conjunction with the Government of Iraq, is in the process of going through what is called a “Monetary Reform.” Now that’s an “MR.” Okay? Now within the MR, consist, some other initials. Three of them in fact. The next one is what’s called the RD, and they’re already done with that. That’s called the redenomination. You know instead of a…a…a…a, $100 dollar bill in your pocket? How about if you had 5 $20 dollar bills in your pocket? Well, you redenominated that $100 bill into 5 $20 dollar bills. In other words, they want to get rid of the 3 zero notes and bring in the small notes; that’s the redenomination process. [post 1 of 3....stay tuned]
9-27-2018 Newshound Guru Adam Montana [The Kurds should give up on the Iraqi presidency altogether or at least reach an advance agreement on the post to avoid further disagreements and complications.] This should all be coming to a head soon, with the end result paving the way for HCL.
9-27-2018 Newshound Guru Currency365 Market in crisis by availability of lower notes (1000, 500, 250) having to pay 10% fee... whats happening now is a temporary situation Cause CBI cut Large amount of small notes & once it start Pumping in markets gradually during the next two weeks it will end crisis!! let the new notes with purchasing power rain down on the citizens :)
9-27-2018 Newshound/Intel Guru Mnt Goat Are there still the larger 3 zero notes in circulation? Yes of course...only 2/3 were taken out of circulation and so 1/3 still remain. Don’t forget also we hold some of this remaining 1/3. The CBI wants to retrieve these too. There are even some of the ATMs in Iraq that are still dispersing them. But this is short lived not the norm or the trend the CBI wants to push the monetary policy towards. These ATMs are only temporary and will change over as more of the smaller categories are dispersed by the CBI in the coming weeks and months. We know that the denominations the CBI still has to yet disperse are the 5, 10, 25, 50, 100 notes and coins...the 100 dinar denomination is probably the most likely note to be issued next. [post 2 of 3....stay tuned]
9-27-2018 Newshound/Intel Guru Mnt Goat The CBI has just recently...told us that they fully intend to infuse yet even more of the 20, 500 and 1,000 notes into circulation. Why would they do this? They are doing this since these notes are now the most widely used notes in Iraq. They are even going after the worn-out notes and replacing them. They do not even mention the larger 3 zero notes anymore. But we know they are still there. We know that the CBI told us these older 3 zero notes will coincide with the smaller category notes for at least 10 years. [post 1 of 3....stay tuned]
9-27-2018 Newshound/Intel Guru David M. Witty Iraqi Speaker of Parliament: there are 31 candidates for the presidency of the republic, but only 7 meet the conditions. In Iraqi election news, Iraqi Parliament will go forward with 7 of the original 31 candidates for president. Most of the remainder do not have the necessary qualifications.
9-27-2018 Intel Guru Frank26 Inside the Monetary Reform is a re-denomination. Which I believe is also well established. ...After that comes, the third thing. Actually the third and fourth are in combination, and that might be what would cause some trouble. It is the re-instatement and the revaluazation, of the Iraqi Dinar. ...so in conjunction is the RI, the reinstatement, and the revaluazation, because once you reinstate the currency, it’s in position, either at that moment to revalue, or, it’s in position to revalue very shortly afterwards. How is it revalued? By the lifting of the 3 zeros of the exchange rate. Yeah. There is the Monetary Reform that is introducing a redenomination and that...will bring forth a reinstatement and a revaluazation. The RI, the RV can occur in conjunction, instantly together, or they can occur once and then the other one. But, it would be a Reinstatement first, that would then bring forth an RV. [post 3 of 3]
9-27-2018 Intel Guru Frank26 And as far as I’m concerned, they are well past that as well too. Not only in the education to the citizens, but also in printing it. ...You saw millions and millions that they spent in printing new currency. ...They even told you which category... Very clearly. And we established the difference in the lower denoms, which have a space, a Specimen stamp on the new ones that are leaving the borders of Iraq! And where are they going? Oh yes! To all the other Central Banks in Iraq! [IMO] The Iraqi currency by the Central Bank of Iraq and many world entities along and in conjunction with the government of Iraq, are going through are… are going through a Monetary Reform, “MR.” [post 2 of 3....stay tuned]
9-27-2018 Intel Guru Frank26 The Central Bank of Iraq, in conjunction with the Government of Iraq, is in the process of going through what is called a “Monetary Reform.” Now that’s an “MR.” Okay? Now within the MR, consist, some other initials. Three of them in fact. The next one is what’s called the RD, and they’re already done with that. That’s called the redenomination. You know instead of a…a…a…a, $100 dollar bill in your pocket? How about if you had 5 $20 dollar bills in your pocket? Well, you redenominated that $100 bill into 5 $20 dollar bills. In other words, they want to get rid of the 3 zero notes and bring in the small notes; that’s the redenomination process. [post 1 of 3....stay tuned]
9-27-2018 Newshound Guru Adam Montana [The Kurds should give up on the Iraqi presidency altogether or at least reach an advance agreement on the post to avoid further disagreements and complications.] This should all be coming to a head soon, with the end result paving the way for HCL.
9-27-2018 Newshound Guru Currency365 Market in crisis by availability of lower notes (1000, 500, 250) having to pay 10% fee... whats happening now is a temporary situation Cause CBI cut Large amount of small notes & once it start Pumping in markets gradually during the next two weeks it will end crisis!! let the new notes with purchasing power rain down on the citizens :)
9-26-2018 Newshound/Intel Guru Mnt Goat UPDATE ON THE ELECTION SAGA: The news period since Monday has been very slow. I suspect that come Oct 2nd the flood gates will open up from the news media. But still no news of when they intend to vote on the new prime minister position. Again, I am telling everyone that there is some entity that is holding back and stalling the formation of the government. I keep asking myself why are they waiting until Oct 2nd constitutional deadline to vote on the president? ...So we do not see any date set yet for the announcement or voting on the prime minister position. We know they intend to vote on the president but not the prime minister on Oct 2nd. We have read a few articles from MPs and legal experts they would prefer to have this vote for PM also in the same session when taking the vote on the president.
9-26-2018 Intel Guru Frank26 Article: “Intelligence sources: unknown parties behind the crisis of small currencies and the Central Bank reveals the truth” Quote: "He said that "the scarcity of small groups of the Iraqi currency in the market is a temporary situation because the central bank cut large amounts of them and once it starts pumping in the markets gradually ending the crisis." [WHY CBI WILL DO THAT?] ONE REASON...TO CONTINUE TO EDUCATE THE CITIZENS AND TO TELL THE INTERNATIONAL WORLD...TO HAVE CONFIDENCE IN THE CURRENCY AND THE MR [MONETARY REFORM] OF THE IQD.
9-26-2018 Newshound/Intel Guru David M. Witty [via Guru chattels] Article: "Parliament ends its session in the presence of ministers of health, housing and water resources" Quote:" ...the second of October next is the last day to elect a president in accordance with the constitutional times ...." Iraqi Speaker of Parliament sets 2 October as final date to select new Iraqi President.
9-26-2018 Newshound Guru Adam Montana The good news is that we're nearing the end of this 3 ring circus of Iraqi "elections". A few "winners" will be announced (selected, appointed, anointed, or whatever you want to call it), and progress will resume. I mentioned that October 2nd is a critical date. Here's why: Parliament is set to vote in a President on that date...Keep in mind that the "Presidency" is much less important than the Prime Minister seat, in my opinion... And with the understanding that the entire process is rigged, I'm really looking forward to the very real possibility of a "*SUDDENLY*" event where Abadi retains his seat and this rocketship gets it's fuse lit! My summary today is simple... we could be a short week or two from seeing major events. I'm looking forward to it! [post 2 of 2]
9-26-2018 Newshound Guru Adam Montana Short update: October 2nd is a critical date. Longer version: We're still slogging through the election/appointment process. I said weeks ago that this wasn't going to be a fast process, but we're nearing the end of it. You'll notice I just added the term "appointment" to the election situation... They made a big deal of "counting and recounting" the "votes", they came to within a very small percentage of accuracy on the ballot totals, so it should have been a no-brainer who the winners were, correct? Ah-ha, nope! Not in this game, my friends! Iraq calls their process a democracy, but anyone with half a brain knows it's not. This isn't bad for us. It might be frustrating and unfair to the Iraqi people... [post 1 of 2....stay tuned]
9-26-2018 Newshound Guru MilitiaMan Article: "Continue preparations for the reconstruction and economic development summit" Quote: "The summit will be a conference on the sidelines of the Golden Opportunity Exhibition to meet with the world's largest companies and investors looking to work in Iraq as well as international organizations" Sounds like the green light was given? Those that are asking for help have been shown evidence of the ability of those participating in Iraq, now... Imo... I mean that there are already international firms in Iraq, even very large ones competing for major contracts, that are above and beyond those out of the conference in Kuwait lined up in February, if not working now or were already?
9-26-2018 Intel Guru Bruce Finally we are at the point what is going on Iraq is accomplished. What that means is that for once we got Iraq agreed to do everything they need to do...and they just need to make their rate known internationally. The word is they are supposed to do that tomorrow [Wednesday] for Iraq for the Middle East and we are suppose to learn about it on Thursday. ...Most of the banks have gone dark, gone quiet...Occasionally we get one or two things from our bank contact that gives us pretty good idea on the timing...it is just a matter of time. We are right where we need to be, and I look forward to shortly what should be happening.
9-26-2018 Newshound Guru Kaperoni [In view of the commitment by Iraq to provide timely and accurate data to the IMF on the exchange system in the future, the Executive Board decided NOT TO REQUIRE any further remedial action in connection with the breach of obligations under Article VIII, Sec 5.] If you're thinking they are in IMF Article VIII you are wrong. They have been trying for years to comply with the conditions of Article VIII in order to move into Article VIII. They have finally met conditions this year getting the spread within 2% and holding 90+ days. I have fully reviewed every IMF article and documented the specifics as it applies to us...
9-26-2018 Intel Guru Frank26 Article: “Intelligence sources: unknown parties behind the crisis of small currencies and the Central Bank reveals the truth” Quote: "He said that "the scarcity of small groups of the Iraqi currency in the market is a temporary situation because the central bank cut large amounts of them and once it starts pumping in the markets gradually ending the crisis." [WHY CBI WILL DO THAT?] ONE REASON...TO CONTINUE TO EDUCATE THE CITIZENS AND TO TELL THE INTERNATIONAL WORLD...TO HAVE CONFIDENCE IN THE CURRENCY AND THE MR [MONETARY REFORM] OF THE IQD.
9-26-2018 Newshound/Intel Guru David M. Witty [via Guru chattels] Article: "Parliament ends its session in the presence of ministers of health, housing and water resources" Quote:" ...the second of October next is the last day to elect a president in accordance with the constitutional times ...." Iraqi Speaker of Parliament sets 2 October as final date to select new Iraqi President.
9-26-2018 Newshound Guru Adam Montana The good news is that we're nearing the end of this 3 ring circus of Iraqi "elections". A few "winners" will be announced (selected, appointed, anointed, or whatever you want to call it), and progress will resume. I mentioned that October 2nd is a critical date. Here's why: Parliament is set to vote in a President on that date...Keep in mind that the "Presidency" is much less important than the Prime Minister seat, in my opinion... And with the understanding that the entire process is rigged, I'm really looking forward to the very real possibility of a "*SUDDENLY*" event where Abadi retains his seat and this rocketship gets it's fuse lit! My summary today is simple... we could be a short week or two from seeing major events. I'm looking forward to it! [post 2 of 2]
9-26-2018 Newshound Guru Adam Montana Short update: October 2nd is a critical date. Longer version: We're still slogging through the election/appointment process. I said weeks ago that this wasn't going to be a fast process, but we're nearing the end of it. You'll notice I just added the term "appointment" to the election situation... They made a big deal of "counting and recounting" the "votes", they came to within a very small percentage of accuracy on the ballot totals, so it should have been a no-brainer who the winners were, correct? Ah-ha, nope! Not in this game, my friends! Iraq calls their process a democracy, but anyone with half a brain knows it's not. This isn't bad for us. It might be frustrating and unfair to the Iraqi people... [post 1 of 2....stay tuned]
9-26-2018 Newshound Guru MilitiaMan Article: "Continue preparations for the reconstruction and economic development summit" Quote: "The summit will be a conference on the sidelines of the Golden Opportunity Exhibition to meet with the world's largest companies and investors looking to work in Iraq as well as international organizations" Sounds like the green light was given? Those that are asking for help have been shown evidence of the ability of those participating in Iraq, now... Imo... I mean that there are already international firms in Iraq, even very large ones competing for major contracts, that are above and beyond those out of the conference in Kuwait lined up in February, if not working now or were already?
9-26-2018 Intel Guru Bruce Finally we are at the point what is going on Iraq is accomplished. What that means is that for once we got Iraq agreed to do everything they need to do...and they just need to make their rate known internationally. The word is they are supposed to do that tomorrow [Wednesday] for Iraq for the Middle East and we are suppose to learn about it on Thursday. ...Most of the banks have gone dark, gone quiet...Occasionally we get one or two things from our bank contact that gives us pretty good idea on the timing...it is just a matter of time. We are right where we need to be, and I look forward to shortly what should be happening.
9-26-2018 Newshound Guru Kaperoni [In view of the commitment by Iraq to provide timely and accurate data to the IMF on the exchange system in the future, the Executive Board decided NOT TO REQUIRE any further remedial action in connection with the breach of obligations under Article VIII, Sec 5.] If you're thinking they are in IMF Article VIII you are wrong. They have been trying for years to comply with the conditions of Article VIII in order to move into Article VIII. They have finally met conditions this year getting the spread within 2% and holding 90+ days. I have fully reviewed every IMF article and documented the specifics as it applies to us...
9-25-2018 Newshound Guru MilitiaMan Article: "Dr.. Haidar Hussein Al-Tohma / Al-Furat Center for Development and Strategic Studies" Quote: "The two biggest trading partners of Iraq, Turkey and Iran face economic sanctions and severe financial crises that may alter the profile of existing economic ties with Iraq." I will suggest that WS [Guru Walkingstick], brought this in for a very good reason. It is describing a view that is taken by, in what is actually happening in the local region and that apparently has been well thought out for the future of our investment we have in the IQD. For the people of Iraq, and even those surrounding her borders. Even painful, as it may be for two or three Countries specifically, it is happening. The effects will be profound...The increasing of purchasing power now is huge based on present exchange rate mechanisms in place, wait until Iraq goes live with the "New Currency" with an International Rate...The two or three that didn't play ball? Oh man.. ~ imo~!
9-25-2018 Newshound/Intel Guru Walkingstick 1). It is our understanding that the BIS as of right now is dealing with the CBI with debt settlements, starting from a particular date & are to be paid in IQD only... 2). Trying to clarify this right now but it seems that they are being required to do so at this time, WTO is also in the scope...They could have asked for this a long time ago but not possible because they were using US Dollars...and because they did not have a date for the RI...They can not pay at a program rate but, they have made payments before that can not be accepted/ redeemed as payment, until a particular date and time! Something different going on with the BIS...likely because it is an international debt settlement, not local... ie: local contracts... EXCELLENT for our Investment!!! HUGE NEWS!!!
9-25-2018 Intel Guru Frank26 And IMO opinion...the BIS accepted this agreement with them. BIS agreed to accept Iraq’s payments in their own currency. CBI came out with an article, “we don’t want the USD.” Doing some other things with only the Iraqi Diner. You should be jumping with joy! CBI told the BIS they wanted them to pay their debts and only with their currency (the dinar)... the BIS set up meeting with the WB, US, WTO, etc. IMO they met. The CBI did this on behalf of the GOI because only the CBI can go to the BIS and make this type of a deal for the GOI...For the GOI to pay their own bills in their own darn currency! [post 2 of 2]
9-25-2018 Intel Guru Frank26 [via sunny] Something happened in the last two weeks...I said something happened with the BIS and WTO. The BIS is the mother of central banks on this earth. CBI is one of them... I told you there is a date for the releasing of the three zero’s. I don’t know it but IMO there is a date. If something happened with the BIS or CBI it seems to me it’s because that date is close. ...CBI told the BIS, “By a certain date we will be adding back our currency. We will start paying our debts and want you to accept our payments. We want world trade with our currency. We already told everybody we printed the small notes and will introduce them. We want to make it formal.” [post 1 of 2....stay tuned]
9-25-2018 Intel Guru RayRen98 Parliament did meet on Tuesday, but no vote for President was taken. The Speaker of the House announced the 2nd of October to be the determining date for the selection of the President of the Republic.
9-25-2018 Newshound/Intel Guru Mnt Goat Article: "CONSTRUCTION: THE VOTING SESSION ON THE PRESIDENTIAL CANDIDATE WILL PROCEED SMOOTHLY AND SMOOTHLY" "...THE SESSION OF PARLIAMENT NEXT TUESDAY and allocated to vote on the candidate of the post of President of the Republic will go smoothly and easily ..." so in one article they say that they are going to wait until Oct 3rd to vote on the new president. Then the legal experts say this is against the specified timing requirement of the constitution. Then soon after this article pops out which is telling us they moved the voting of the president to Tuesday’s session [9-25-18]. So Tuesday, according to this article is not just about the Basra issues. So they have our heads spinning…..Will they change their minds again come Tuesday?
9-25-2018 Newshound/Intel Guru Walkingstick 1). It is our understanding that the BIS as of right now is dealing with the CBI with debt settlements, starting from a particular date & are to be paid in IQD only... 2). Trying to clarify this right now but it seems that they are being required to do so at this time, WTO is also in the scope...They could have asked for this a long time ago but not possible because they were using US Dollars...and because they did not have a date for the RI...They can not pay at a program rate but, they have made payments before that can not be accepted/ redeemed as payment, until a particular date and time! Something different going on with the BIS...likely because it is an international debt settlement, not local... ie: local contracts... EXCELLENT for our Investment!!! HUGE NEWS!!!
9-25-2018 Intel Guru Frank26 And IMO opinion...the BIS accepted this agreement with them. BIS agreed to accept Iraq’s payments in their own currency. CBI came out with an article, “we don’t want the USD.” Doing some other things with only the Iraqi Diner. You should be jumping with joy! CBI told the BIS they wanted them to pay their debts and only with their currency (the dinar)... the BIS set up meeting with the WB, US, WTO, etc. IMO they met. The CBI did this on behalf of the GOI because only the CBI can go to the BIS and make this type of a deal for the GOI...For the GOI to pay their own bills in their own darn currency! [post 2 of 2]
9-25-2018 Intel Guru Frank26 [via sunny] Something happened in the last two weeks...I said something happened with the BIS and WTO. The BIS is the mother of central banks on this earth. CBI is one of them... I told you there is a date for the releasing of the three zero’s. I don’t know it but IMO there is a date. If something happened with the BIS or CBI it seems to me it’s because that date is close. ...CBI told the BIS, “By a certain date we will be adding back our currency. We will start paying our debts and want you to accept our payments. We want world trade with our currency. We already told everybody we printed the small notes and will introduce them. We want to make it formal.” [post 1 of 2....stay tuned]
9-25-2018 Intel Guru RayRen98 Parliament did meet on Tuesday, but no vote for President was taken. The Speaker of the House announced the 2nd of October to be the determining date for the selection of the President of the Republic.
9-25-2018 Newshound/Intel Guru Mnt Goat Article: "CONSTRUCTION: THE VOTING SESSION ON THE PRESIDENTIAL CANDIDATE WILL PROCEED SMOOTHLY AND SMOOTHLY" "...THE SESSION OF PARLIAMENT NEXT TUESDAY and allocated to vote on the candidate of the post of President of the Republic will go smoothly and easily ..." so in one article they say that they are going to wait until Oct 3rd to vote on the new president. Then the legal experts say this is against the specified timing requirement of the constitution. Then soon after this article pops out which is telling us they moved the voting of the president to Tuesday’s session [9-25-18]. So Tuesday, according to this article is not just about the Basra issues. So they have our heads spinning…..Will they change their minds again come Tuesday?
9-24-2018 Newshound/Intel Guru Mnt Goat Article: "NEXT MEETING OF PARLIAMENT ANNOUNCED SEPT 25TH" Quote: "the agenda of the session next Tuesday, corresponding to the twenty-fifth of September, INCLUDES A DISCUSSION ON THE FORMATION OF PERMANENT COMMITTEES IN THE HOUSE OF REPRESENTATIVES." so it sounds like no voting on the elections on Tuesday instead just forming committees to address the Basra and other issues. [UPDATE: See Guru Mnt Goat post for 9-25-2018]
9-24-2018 Newshound Guru Bloodloch Some interesting intel posts going on about small denominations and need-to-know regarding the process. As far as I can tell, nothing I've read so far contradicts what I believe is about to happen, or the manner in which I'm expecting it to occur. In fact, the secretive aspects tend to support it. That does NOT mean I am 100% correct. Rest assured, even if I'm partially or entirely wrong in form and substance, it's all good and moving in the direction we all want. [reference Guru Bloodloch posts 9-16-2018 and 9-22-2018]
9-24-2018 Newshound Guru Currency365 THE PRIVATE BANKS ARE READY TO LAUNCH THE PRIVATE SECTOR!!! Part 1...The Association of Iraqi Private Banks confirmed time has come to activate initiative of the Central Bank to support small & medium enterprises, amounting to "one trillion dinars". Part 2.."Reason for not activating the initiative At the time of its launch due to window selling currency which banks were making profits from them Interest rate set 4% to lend to market there was another source of profit, "currency window" but recent profits ended only lending"
9-24-2018 Newshound Guru MilitiaMan Article quote: "And promoting the circulation of small denomination banknotes." ...today they tell us they are ceasing the MCPs by telling the citizens to bring in the USD (1.00 - 100.00s)... They have the IFRS [International Financial Reporting Standards] in the equation today for regulatory and accounting purposes and also, which by the way is supporting that they are going to be effectively issuing currency based on the Amman Jordan Meeting on Tuesday of earlier this week with the Arab Union Countries, entities like that of the BIS, WTO, IMF, executives that have a need to know the process, etc..
9-24-2018 Newshound/Intel Guru Mnt Goat Oh – but wait a second later on Sunday an agenda came out for the next session and it was scheduled for Sept 25. The agenda did NOT include electing a new president or prime minister so I am guessing this will be held off until the Oct 3rd meeting. ...Then came this article on early Monday Sept 24th: "The last date for the election of the new president is on October 10 next, according to the constitutional timing,” said Harb, for “Iraq’s News”. ...So as the election saga continues…We are reading many articles now from the news media about the timing of the voting on the new president. It is very confusing as the article are conflicting each other. So what will they actually do? We also know that the selections of candidates for these remaining positions is underway. Any candidate will need at least 220 votes to win any votes in parliament... [post 2 of 2]
9-24-2018 Newshound/Intel Guru Mnt Goat "OCTOBER 3RD SET OF THE NEXT PARLIAMENTARY MEETING" (will they wait that long?) According to Article 72 of the Constitution the constitutional period for the election of the President of the Republic will be within one month of the first session of the current parliament which was held on 3 September. This brings us to October 3rd as the final cutoff date to elect these last two positions of president (and his 3 deputies) and prime minister. Just recently they told us in an article that they intend to extent this process out right up until the deadline of October 3rd, the date of a meeting of parliament when they intend to conduct these elections. [post 1 of 2....stay tuned]
9-24-2018 Intel Guru RayRen98 From Sunday...Iraqi TV reporting that all parties are saying that they agree on Saleh as the next president and will vote for him on Tuesday. They are also reportedly stating that Abadi is the Best Candidate for the position of Prime Minister...
9-24-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, leader in Sairoon coalition: None of the political coalitions & alliances have decided on a candidate for PM. What is being circulated in the press should not be focused on.
9-24-2018 Newshound Guru Bloodloch Some interesting intel posts going on about small denominations and need-to-know regarding the process. As far as I can tell, nothing I've read so far contradicts what I believe is about to happen, or the manner in which I'm expecting it to occur. In fact, the secretive aspects tend to support it. That does NOT mean I am 100% correct. Rest assured, even if I'm partially or entirely wrong in form and substance, it's all good and moving in the direction we all want. [reference Guru Bloodloch posts 9-16-2018 and 9-22-2018]
9-24-2018 Newshound Guru Currency365 THE PRIVATE BANKS ARE READY TO LAUNCH THE PRIVATE SECTOR!!! Part 1...The Association of Iraqi Private Banks confirmed time has come to activate initiative of the Central Bank to support small & medium enterprises, amounting to "one trillion dinars". Part 2.."Reason for not activating the initiative At the time of its launch due to window selling currency which banks were making profits from them Interest rate set 4% to lend to market there was another source of profit, "currency window" but recent profits ended only lending"
9-24-2018 Newshound Guru MilitiaMan Article quote: "And promoting the circulation of small denomination banknotes." ...today they tell us they are ceasing the MCPs by telling the citizens to bring in the USD (1.00 - 100.00s)... They have the IFRS [International Financial Reporting Standards] in the equation today for regulatory and accounting purposes and also, which by the way is supporting that they are going to be effectively issuing currency based on the Amman Jordan Meeting on Tuesday of earlier this week with the Arab Union Countries, entities like that of the BIS, WTO, IMF, executives that have a need to know the process, etc..
9-24-2018 Newshound/Intel Guru Mnt Goat Oh – but wait a second later on Sunday an agenda came out for the next session and it was scheduled for Sept 25. The agenda did NOT include electing a new president or prime minister so I am guessing this will be held off until the Oct 3rd meeting. ...Then came this article on early Monday Sept 24th: "The last date for the election of the new president is on October 10 next, according to the constitutional timing,” said Harb, for “Iraq’s News”. ...So as the election saga continues…We are reading many articles now from the news media about the timing of the voting on the new president. It is very confusing as the article are conflicting each other. So what will they actually do? We also know that the selections of candidates for these remaining positions is underway. Any candidate will need at least 220 votes to win any votes in parliament... [post 2 of 2]
9-24-2018 Newshound/Intel Guru Mnt Goat "OCTOBER 3RD SET OF THE NEXT PARLIAMENTARY MEETING" (will they wait that long?) According to Article 72 of the Constitution the constitutional period for the election of the President of the Republic will be within one month of the first session of the current parliament which was held on 3 September. This brings us to October 3rd as the final cutoff date to elect these last two positions of president (and his 3 deputies) and prime minister. Just recently they told us in an article that they intend to extent this process out right up until the deadline of October 3rd, the date of a meeting of parliament when they intend to conduct these elections. [post 1 of 2....stay tuned]
9-24-2018 Intel Guru RayRen98 From Sunday...Iraqi TV reporting that all parties are saying that they agree on Saleh as the next president and will vote for him on Tuesday. They are also reportedly stating that Abadi is the Best Candidate for the position of Prime Minister...
9-24-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, leader in Sairoon coalition: None of the political coalitions & alliances have decided on a candidate for PM. What is being circulated in the press should not be focused on.
9-23-2018 Newshound Currency365 Iraq has until Oct 10th to pick the President but lets see if they do it early if so we should see the Prime minister picked in October/November...Sadr and others in a meeting tonight about Reforms and Reconstruction.
9-23-2018 Newshound Guru Don961 Article: "Private banks see the appropriate time to launch the initiative "trillion dinars" imo... sounds like it's time for the banks to be real banks and make money by doing traditional loans and providing other services ... instead of just making easy money on the spread from what they bought usd for in the currency auction ... and what they got in the street market ... there was no need to work so hard when all they needed to do was be a money-changer and resell the usd for big profits ... those days of high spreads are ended with 2% compliance ... and the pending closure/reduction of that auction window ... bringing that true value back to the iqd can't hurt either.
9-23-2018 Intel Guru Frank26 ...There are still more days in this month so lets see what happens...if we go into next month, we go into next month...will you join me in our study. I believe there are many things behind the scenes to release the Monetary Reform of the Iraqi dinar. ...Very important right now is the BIS...the BIS is working, I believe, with the GOI for Monetary Reform...I think that's significant for them to come in at this stage. IMO, the WTO is doing the same thing right now. We should look at what the BIS and WTO is doing with the government of Iraq because IMO the Central Bank of Iraq has already done what it needs to do with the fab 4. It's interesting to see the BIS came in NOW. ...I told you IMO, there is a date for the reinstatement of the Iraqi dinar...IMO, if that date is getting closer, then so should the BIS.
9-23-2018 Intel Guru Jester [It seems it is a timing thing and when it gets here it will get here.] ... IT IS...AND I DO BELIEVE THE CLOCK IS TICKING... THERE ARE THINGS HAPPENING...THE GUYS ON MY END ARE HIGHLY EXPECTANT... BUT THERE AGAIN NO ONE CAN GIVE ME ANY PROOF... THEY DO NOT GIVE DATES OR RATES EITHER... IF THEY DID THIS WOULD BE EASIER... HAHAHHAH... [I remember they said it would be done well before election day.] ...NO THAT IS NOT WHAT THEY SAID... THEY SAID THAT DOESN'T HAVE ANYTHING TO DO WITH IT.... BUT THEY THOUGHT IT MIGHT BE DONE PRIOR TO THAT...
9-23-2018 Newshound Guru chattels Article: "Dawa leaders meet in first step towards Maliki-Abadi reconciliation..." No final reconciliation agreement has been announced yet, however.
9-23-2018 Intel Guru Frank26 ...I suppose the most important thing I want you to remember...is that there is a date...I may not know it...But stop and think about this...Entities know it...
9-23-2018 Newshound Guru Don961 Article: "Private banks see the appropriate time to launch the initiative "trillion dinars" imo... sounds like it's time for the banks to be real banks and make money by doing traditional loans and providing other services ... instead of just making easy money on the spread from what they bought usd for in the currency auction ... and what they got in the street market ... there was no need to work so hard when all they needed to do was be a money-changer and resell the usd for big profits ... those days of high spreads are ended with 2% compliance ... and the pending closure/reduction of that auction window ... bringing that true value back to the iqd can't hurt either.
9-23-2018 Intel Guru Frank26 ...There are still more days in this month so lets see what happens...if we go into next month, we go into next month...will you join me in our study. I believe there are many things behind the scenes to release the Monetary Reform of the Iraqi dinar. ...Very important right now is the BIS...the BIS is working, I believe, with the GOI for Monetary Reform...I think that's significant for them to come in at this stage. IMO, the WTO is doing the same thing right now. We should look at what the BIS and WTO is doing with the government of Iraq because IMO the Central Bank of Iraq has already done what it needs to do with the fab 4. It's interesting to see the BIS came in NOW. ...I told you IMO, there is a date for the reinstatement of the Iraqi dinar...IMO, if that date is getting closer, then so should the BIS.
9-23-2018 Intel Guru Jester [It seems it is a timing thing and when it gets here it will get here.] ... IT IS...AND I DO BELIEVE THE CLOCK IS TICKING... THERE ARE THINGS HAPPENING...THE GUYS ON MY END ARE HIGHLY EXPECTANT... BUT THERE AGAIN NO ONE CAN GIVE ME ANY PROOF... THEY DO NOT GIVE DATES OR RATES EITHER... IF THEY DID THIS WOULD BE EASIER... HAHAHHAH... [I remember they said it would be done well before election day.] ...NO THAT IS NOT WHAT THEY SAID... THEY SAID THAT DOESN'T HAVE ANYTHING TO DO WITH IT.... BUT THEY THOUGHT IT MIGHT BE DONE PRIOR TO THAT...
9-23-2018 Newshound Guru chattels Article: "Dawa leaders meet in first step towards Maliki-Abadi reconciliation..." No final reconciliation agreement has been announced yet, however.
9-23-2018 Intel Guru Frank26 ...I suppose the most important thing I want you to remember...is that there is a date...I may not know it...But stop and think about this...Entities know it...
9-22-2018 Newshound Guru Don961 ...not much news of significance being reported ... yet ... does not mean that nothing is going on beyond the articles ... standing by ... imo
9-22-2018 Newshound Guru Currency365 Kurdish forces agree on Barham Saleh as the only candidate for the president...Source of the Dawa Party: a clear nomination for Abadi as prime minister for a second term...USA pulling strings again lol and will continue until there is a break in the system.
9-22-2018 Newshound/Intel Guru Mnt Goat The news these last couple days is short. Right now Iraq is at a standstill again in trying to find prime minister candidates. This is the hold up right now. They have not yet set a date for the next parliament meeting to elect the next president and prime minister. We wait for news.
9-22-2018 Intel Guru Footforward The political situation in Iraq...I couldn't care less who wins. I don't feel it has any bearing on when the RV happens...It doesn't matter who's in power in Iraq for this to happen...the government of Iraq is not in control of this...they haven't been since day one. When Iran's nuclear sites get hit...that's when the RV will happen... within days of that happening. I know this [the RV] is going to happen.
9-22-2018 Newshound Guru Bloodloch Regardless of what government is formed and who fills the particular leadership roles, so long as it is stable, the CBI should be good to proceed forward. On another front, a recent post attributed to [Guru] "Walkingstick" reads: "The lower denomination/s and or coin/s will be not put into circulation, arbitrarily... Prior, to the release ...of any, bank note/s and or coin/s into circulation... Iraqis/ we will, read of ... it will be in print ... The when, why, exchange -rate, description/s, photos of...etc:" This makes perfect sense -- that they will lay their cards on the table openly just prior to releasing the new lower denominations -- in order for the project to remove the zeros to proceed forward. Without those explanations and examples, it could easily be very confusing to the citizens of Iraq. With the explanations and examples, it will be quite easily understood. In any case and barring unforeseen circumstances, various public statements from the CBI lead me to believe we'll all have our answers to our years-long questions before the Autumn is out...Trying very hard to walk a tightrope here, to say without saying...
9-22-2018 Newshound Guru Currency365 Kurdish forces agree on Barham Saleh as the only candidate for the president...Source of the Dawa Party: a clear nomination for Abadi as prime minister for a second term...USA pulling strings again lol and will continue until there is a break in the system.
9-22-2018 Newshound/Intel Guru Mnt Goat The news these last couple days is short. Right now Iraq is at a standstill again in trying to find prime minister candidates. This is the hold up right now. They have not yet set a date for the next parliament meeting to elect the next president and prime minister. We wait for news.
9-22-2018 Intel Guru Footforward The political situation in Iraq...I couldn't care less who wins. I don't feel it has any bearing on when the RV happens...It doesn't matter who's in power in Iraq for this to happen...the government of Iraq is not in control of this...they haven't been since day one. When Iran's nuclear sites get hit...that's when the RV will happen... within days of that happening. I know this [the RV] is going to happen.
9-22-2018 Newshound Guru Bloodloch Regardless of what government is formed and who fills the particular leadership roles, so long as it is stable, the CBI should be good to proceed forward. On another front, a recent post attributed to [Guru] "Walkingstick" reads: "The lower denomination/s and or coin/s will be not put into circulation, arbitrarily... Prior, to the release ...of any, bank note/s and or coin/s into circulation... Iraqis/ we will, read of ... it will be in print ... The when, why, exchange -rate, description/s, photos of...etc:" This makes perfect sense -- that they will lay their cards on the table openly just prior to releasing the new lower denominations -- in order for the project to remove the zeros to proceed forward. Without those explanations and examples, it could easily be very confusing to the citizens of Iraq. With the explanations and examples, it will be quite easily understood. In any case and barring unforeseen circumstances, various public statements from the CBI lead me to believe we'll all have our answers to our years-long questions before the Autumn is out...Trying very hard to walk a tightrope here, to say without saying...
9-21-2018 Newshound Guru chattels Abadi appears to be making a last ditch effort to rally support, despite him announcing last week that he would not cling to power following a decree by Grand Ayatollah Ali al-Sistani that Iraqis shouldn’t support politicians who have recently been in power.
9-21-2018 Newshound/Intel Guru Mnt Goat Even with the current US sanctions against Iran we see the immediate necessity to change over to dinar and use it with their middle eastern trading partners. But to do this will mean reinstating the currency to the global markets/exchanges. ...Don’t you think the CBI would have done it by now if they could. ...But if they begin down that road of launching the lower, lower category notes they need full assurances that the approvals will not be yanked again in the middle of the process and the PTB will actually do their part too and complete the reinstate part of the process. Can you see why the CBI hesitates? Without the reinstatement the entire process fails and the newer lower category notes become worthless on the streets. Billions spent on this effort would be worthless. [post 3 of 3]
9-21-2018 Newshound/Intel Guru Mnt Goat ...The CBI is playing it very safe. The governor...this past weekend told us that there are still STABILITY reasons as to why they are not moving ahead with the project to delete the zeros. ...this process is a calculated process and takes time to set up events ahead of time and work its way to the reinstatement. It is NOT something you just decide to do today and they trigger it tomorrow. One event is the launching of the lower, lower smaller category notes and coins. This must be gradual. Right now their obstacle is having a STABLE government that will support the needed laws to coincide with the monetary & economic reforms for this purpose. [post 2 of 3....stay tuned]
9-21-2018 Newshound/Intel Guru Mnt Goat ...the big questions now is this – will the CBI do away with the currency window altogether and then just let the banks loan out the money? But what is the purpose of the currency auctions anyhow? They are to convert the dinar to US dollars to use to pay for imported goods and services. This process was done as part of the monetary sanctions by the IMF put on Iraq. Why do they still need to do this? Technically they don’t. Iraq has been free of all monetary sanctions for some time now. So why is the CBI still operating in the process? [post 1 of 3....stay tuned]
9-21-2018 Intel Guru Bruce ...Don’t they want the rate out? Yes, they do, but guess what the holdup has been? They have a number of people in Iraq, bad guys, that are still needing to be picked up, arrested, and dealt with. They have a limited amount of time to do that. They have been doing it, but they need to complete that. That is why they haven’t put it out in the Gazette and why it hasn’t been completed in our point of view. It has to do with the arresting and handling of those arrests.
9-21-2018 Intel Guru Bruce Is Iraq still in the equation? The unfortunate answer is Yes they are. They are still a factor. They have been given an ultimatum today by our administration to have all this stuff done meaning temporary election, their CBI up and out with the new rate, to have HCL talked about and discussed and put out in the open. All these things dealing with Iraq is to be done. The ultimatum is for this to be done by Monday. Iraq has said they expect everything we just talked about to be in the Gazette on Saturday. That is their normal publication date. It could be in sooner digital. It should be in the Gazette on Saturday.
9-21-2018 Newshound/Intel Guru Arthur [...if the equation is and always has been GOI + HCL = RV then why did we not get the RV 6 months ago when they had it?] Because IMO, until we actually see documented proof that all the citizens in all the 19 provinces (especially Kurdistan and Basra) are being paid a percentage of the oil revenues, there has not been a full blown activated and, most importantly, IMPLEMENTED Hydro Carbon Law (HCL) in Iraq. It has been activated on and off for years, but IMO never fully implemented, the implementation (along with the new GOI) of which IMO will be a major trigger point for whatever we've been waiting on all these years.
9-21-2018 Newshound/Intel Guru Mnt Goat Even with the current US sanctions against Iran we see the immediate necessity to change over to dinar and use it with their middle eastern trading partners. But to do this will mean reinstating the currency to the global markets/exchanges. ...Don’t you think the CBI would have done it by now if they could. ...But if they begin down that road of launching the lower, lower category notes they need full assurances that the approvals will not be yanked again in the middle of the process and the PTB will actually do their part too and complete the reinstate part of the process. Can you see why the CBI hesitates? Without the reinstatement the entire process fails and the newer lower category notes become worthless on the streets. Billions spent on this effort would be worthless. [post 3 of 3]
9-21-2018 Newshound/Intel Guru Mnt Goat ...The CBI is playing it very safe. The governor...this past weekend told us that there are still STABILITY reasons as to why they are not moving ahead with the project to delete the zeros. ...this process is a calculated process and takes time to set up events ahead of time and work its way to the reinstatement. It is NOT something you just decide to do today and they trigger it tomorrow. One event is the launching of the lower, lower smaller category notes and coins. This must be gradual. Right now their obstacle is having a STABLE government that will support the needed laws to coincide with the monetary & economic reforms for this purpose. [post 2 of 3....stay tuned]
9-21-2018 Newshound/Intel Guru Mnt Goat ...the big questions now is this – will the CBI do away with the currency window altogether and then just let the banks loan out the money? But what is the purpose of the currency auctions anyhow? They are to convert the dinar to US dollars to use to pay for imported goods and services. This process was done as part of the monetary sanctions by the IMF put on Iraq. Why do they still need to do this? Technically they don’t. Iraq has been free of all monetary sanctions for some time now. So why is the CBI still operating in the process? [post 1 of 3....stay tuned]
9-21-2018 Intel Guru Bruce ...Don’t they want the rate out? Yes, they do, but guess what the holdup has been? They have a number of people in Iraq, bad guys, that are still needing to be picked up, arrested, and dealt with. They have a limited amount of time to do that. They have been doing it, but they need to complete that. That is why they haven’t put it out in the Gazette and why it hasn’t been completed in our point of view. It has to do with the arresting and handling of those arrests.
9-21-2018 Intel Guru Bruce Is Iraq still in the equation? The unfortunate answer is Yes they are. They are still a factor. They have been given an ultimatum today by our administration to have all this stuff done meaning temporary election, their CBI up and out with the new rate, to have HCL talked about and discussed and put out in the open. All these things dealing with Iraq is to be done. The ultimatum is for this to be done by Monday. Iraq has said they expect everything we just talked about to be in the Gazette on Saturday. That is their normal publication date. It could be in sooner digital. It should be in the Gazette on Saturday.
9-21-2018 Newshound/Intel Guru Arthur [...if the equation is and always has been GOI + HCL = RV then why did we not get the RV 6 months ago when they had it?] Because IMO, until we actually see documented proof that all the citizens in all the 19 provinces (especially Kurdistan and Basra) are being paid a percentage of the oil revenues, there has not been a full blown activated and, most importantly, IMPLEMENTED Hydro Carbon Law (HCL) in Iraq. It has been activated on and off for years, but IMO never fully implemented, the implementation (along with the new GOI) of which IMO will be a major trigger point for whatever we've been waiting on all these years.
9-20-2018 Newshound Guru Walkingstick ...The lower denomination/s and or coin/s will be not put into circulation, arbitrarily... Prior, to the release ...of any, bank note/s and or coin/s into circulation... Iraqis/ we will, read of ...it will be in print...The when, why, exchange -rate, description/s, photos of...etc...
9-20-2018 Newshound/Intel Guru Mnt Goat Oh – did the CBI governor himself just tell us also in Monday’s press release that he needs STABILITY to go ahead with the “project to delete the zeros”? So what is this needed STABILITY? This is why I keep saying, that if the Iraqi political environment does not become stable again, by at least mid October, we are going to be in for a longer haul for any RV and it may overflow into 2019... All I can say is Haider al-Abadi better get re-elected as the prime minister as this is our best chance and hope of limiting this time line to the reinstatement... [post 2 of 2]
9-20-2018 Newshound/Intel Guru Mnt Goat Article quote: “THE NEED TO ACCELERATE THE ENACTMENT OF LAWS THAT SUPPORT THE RECONSTRUCTION AND STABILITY OF IRAQ”. ...this is coming from the newly elected speaker of parliament. More proof, yet more evidence of why I keep saying about certain laws that must be in place an implemented prior to any RV for stability reasons. Just because the CBI does not come out and specifically say what these laws are, does not mean they are still not needed… [post 1 of 2....stay tuned]
9-20-2018 Newshound Guru Adam Montana [...since the USA and Iran are not in very good terms,is it possible that Iran can undermine the RV knowing it will have a big impact on American citizens? Why is it taking so long to implement a new P.M.?] I'm sure they'd love to, but their power is limited. No concerns there in my opinion. "Why" is it taking so long to implement a new PM? It's Iraq. : )
9-20-2018 Newshound/Intel Guru Arthur The equation is and always has been GOI + HCL = RV. As of this moment we are in a place where we have neither. And neither do we yet have an RV. That is it in a nutshell. Many things activated but not as yet implemented. Still an I to dot and a T to cross. This could all still happen within any 24 to 48 hour period. I have from a good Washington source Mr T is pushing for some time shortly prior to the mid terms. As usual patience is a virtue.
9-20-2018 Newshound/Intel Guru Mnt Goat ...first let me say I did not give a 2019 timeframe...I did say that if this reinstatement of the Iraqi dinar, as a result of the project to delete the zeros, does not get moved ahead by mid October 2018 we can expect a long ride that may overlap into 2019. Why do I say this? ...I am saying this now for two very important reasons: 1) Just as the CBI director himself just told us in the latest news media press release that there must be certain conditions to exist. Again BIG emphasis on STABILITY. BIG emphasis on the correct ENVIRONMENT; 2) the blast of economic and financial sanctions about to hit Iran in early November and spill over impact into Iraq. You don’t think this will impact the STABILITY of Iraq if the CBI does not RV by then?...
9-20-2018 Newshound/Intel Guru Mnt Goat Oh – did the CBI governor himself just tell us also in Monday’s press release that he needs STABILITY to go ahead with the “project to delete the zeros”? So what is this needed STABILITY? This is why I keep saying, that if the Iraqi political environment does not become stable again, by at least mid October, we are going to be in for a longer haul for any RV and it may overflow into 2019... All I can say is Haider al-Abadi better get re-elected as the prime minister as this is our best chance and hope of limiting this time line to the reinstatement... [post 2 of 2]
9-20-2018 Newshound/Intel Guru Mnt Goat Article quote: “THE NEED TO ACCELERATE THE ENACTMENT OF LAWS THAT SUPPORT THE RECONSTRUCTION AND STABILITY OF IRAQ”. ...this is coming from the newly elected speaker of parliament. More proof, yet more evidence of why I keep saying about certain laws that must be in place an implemented prior to any RV for stability reasons. Just because the CBI does not come out and specifically say what these laws are, does not mean they are still not needed… [post 1 of 2....stay tuned]
9-20-2018 Newshound Guru Adam Montana [...since the USA and Iran are not in very good terms,is it possible that Iran can undermine the RV knowing it will have a big impact on American citizens? Why is it taking so long to implement a new P.M.?] I'm sure they'd love to, but their power is limited. No concerns there in my opinion. "Why" is it taking so long to implement a new PM? It's Iraq. : )
9-20-2018 Newshound/Intel Guru Arthur The equation is and always has been GOI + HCL = RV. As of this moment we are in a place where we have neither. And neither do we yet have an RV. That is it in a nutshell. Many things activated but not as yet implemented. Still an I to dot and a T to cross. This could all still happen within any 24 to 48 hour period. I have from a good Washington source Mr T is pushing for some time shortly prior to the mid terms. As usual patience is a virtue.
9-20-2018 Newshound/Intel Guru Mnt Goat ...first let me say I did not give a 2019 timeframe...I did say that if this reinstatement of the Iraqi dinar, as a result of the project to delete the zeros, does not get moved ahead by mid October 2018 we can expect a long ride that may overlap into 2019. Why do I say this? ...I am saying this now for two very important reasons: 1) Just as the CBI director himself just told us in the latest news media press release that there must be certain conditions to exist. Again BIG emphasis on STABILITY. BIG emphasis on the correct ENVIRONMENT; 2) the blast of economic and financial sanctions about to hit Iran in early November and spill over impact into Iraq. You don’t think this will impact the STABILITY of Iraq if the CBI does not RV by then?...
9-19-2018 Newshound Guru Adam Montana [...when it comes to HCL how do they sell the oil they are pumping out without having HCL in place ? I. Your last update it does sound promising after all most 9 yrs waiting...] I still think we are in a promising situation right now! "How" they are selling oil is exactly why they need the HCL in place. Without the HCL in place, their entire process is antiquated and inefficient, and prone to argument about profit sharing. Once the HCL is finalized, they can focus on other things... that's why it's so important. So, the answer is this: poorly, inefficiently, and not meeting their potential.
9-19-2018 Newshound Guru MilitiaMan Article: "Governor of the Central Bank of Iraq participates in the meeting of the Board of Governors of central banks" This meeting has to have been one very interesting meeting and I'll bet it has significant information being passed along between members. Interesting that the BIS has chosen to not publish Iraq's Exchange rate to the US Dollar yet this year on their website for daily nor monthly, quarterly etc.. They quit in qrtr 4/2017...
9-19-2018 Newshound Guru Adam Montana Steady progress has been made, but until the first item is cleared up we really cannot expect anyone to stick their necks out and "get it done". Until they know where the money is going, they aren't going to be signing any deals! And until they have a new PM locked in, they can't be certain where the money is going to go. It's as simple as that. As far as a "timeline" on this situation... I don't know. It could be a week, or a month, or more. But they will not go forever without an official sitting Prime Minister, so as soon as that is settled, that is when we can expect things to move forward. Items of note: 1. I like progress. It appears that the Speaker role has been filled. Good news there! Keep up the good work, Iraq... check those items off the list until we're ready for launch. [post 2 of 2]
9-19-2018 Newshound Guru Adam Montana We have two pending issues before we will see an RV. One is a resolution on who, if anyone, will take Abadi's place. I'm feeling more and more confident that Abadi may very well retain his position, and that's a great feeling! Without getting too deep into it, because I've certainly spent a fair amount of time on this topic over the last couple months, I feel like he's a great option for the country and it would be much more expedient for our purposes if he were to retain his seat. The other issue, of course, is HCL. There are some rumors floating around that it is "done"... I have not seen any evidence to back that up, and that's my stance. [post 1 of 2....stay tuned]
9-19-2018 Intel Guru Bruce Now when it comes to the CBI and the actual rate of the Iraqi dinar, you know they won’t put that rate out online where we can see it. I think it will be a little bit higher rate than we thought it was. We have known that for months that even though they have an in country rate and all of that, they got it on their Qi cards, and they are being paid, all of that, none of that is going to be revealed to us in any accurate detail based on the value of the dinar until we are ready to start...It won’t happen for us until they are absolutely ready to let this go here in the United States... We are looking very strong for the next 24 to 48 hours. I do believe they want it to go this week still...Be on high alert the next couple of days. [post 2 of 2]
9-19-2018 Intel Guru Bruce [via PinkRoses] I think we are as close as we have ever been, but we did get somewhat delayed...by the storm, Florence. I am hearing late this afternoon we did get confirmation from Sulaymaniyah, Iraq that the HCL has been complete. It is done. I don’t know whether it means they paid out of it yet. ...I know we are expecting that. We are expecting some news about the CBI. We are expecting some news quite possibly about Abadi and the Prime Ministership in the Gazette...we found out in more detail that Abadi will be the Prime Minister for Iraq for the next two years. [post 1 of 2....stay tuned]
9-19-2018 Intel Guru 12thman Just got off a call with our group and one of our US political insiders. This person made it very clear that 10-12 days out from the Mid terms was their goal. They want a positive US environment... Stability and progress, not just in the M.E., is key. It's just as important if not more here in our own country. He went on to state that you will see lots of little things leading up to some big articles and statements made by key figures as we draw closer to Nov.
9-19-2018 Newshound/Intel Guru Walkingstick WE WANT YOU TO KNOW THAT THE US IS CALLING ALL THE SHOTS WITH IRAQ IF SO, DO YOU HONESTLY THINK THEY DON'T WANT IRAQ TO RI THEIR CURRENCY? THE US IS LOOKING FOR THE RIGHT TIMING TO DO THIS... THE RI DOES NOT NEED PARLIAMENT...DO WE NEED THE GOVT SEATED? NO!
9-19-2018 Newshound Guru MilitiaMan Article: "Governor of the Central Bank of Iraq participates in the meeting of the Board of Governors of central banks" This meeting has to have been one very interesting meeting and I'll bet it has significant information being passed along between members. Interesting that the BIS has chosen to not publish Iraq's Exchange rate to the US Dollar yet this year on their website for daily nor monthly, quarterly etc.. They quit in qrtr 4/2017...
9-19-2018 Newshound Guru Adam Montana Steady progress has been made, but until the first item is cleared up we really cannot expect anyone to stick their necks out and "get it done". Until they know where the money is going, they aren't going to be signing any deals! And until they have a new PM locked in, they can't be certain where the money is going to go. It's as simple as that. As far as a "timeline" on this situation... I don't know. It could be a week, or a month, or more. But they will not go forever without an official sitting Prime Minister, so as soon as that is settled, that is when we can expect things to move forward. Items of note: 1. I like progress. It appears that the Speaker role has been filled. Good news there! Keep up the good work, Iraq... check those items off the list until we're ready for launch. [post 2 of 2]
9-19-2018 Newshound Guru Adam Montana We have two pending issues before we will see an RV. One is a resolution on who, if anyone, will take Abadi's place. I'm feeling more and more confident that Abadi may very well retain his position, and that's a great feeling! Without getting too deep into it, because I've certainly spent a fair amount of time on this topic over the last couple months, I feel like he's a great option for the country and it would be much more expedient for our purposes if he were to retain his seat. The other issue, of course, is HCL. There are some rumors floating around that it is "done"... I have not seen any evidence to back that up, and that's my stance. [post 1 of 2....stay tuned]
9-19-2018 Intel Guru Bruce Now when it comes to the CBI and the actual rate of the Iraqi dinar, you know they won’t put that rate out online where we can see it. I think it will be a little bit higher rate than we thought it was. We have known that for months that even though they have an in country rate and all of that, they got it on their Qi cards, and they are being paid, all of that, none of that is going to be revealed to us in any accurate detail based on the value of the dinar until we are ready to start...It won’t happen for us until they are absolutely ready to let this go here in the United States... We are looking very strong for the next 24 to 48 hours. I do believe they want it to go this week still...Be on high alert the next couple of days. [post 2 of 2]
9-19-2018 Intel Guru Bruce [via PinkRoses] I think we are as close as we have ever been, but we did get somewhat delayed...by the storm, Florence. I am hearing late this afternoon we did get confirmation from Sulaymaniyah, Iraq that the HCL has been complete. It is done. I don’t know whether it means they paid out of it yet. ...I know we are expecting that. We are expecting some news about the CBI. We are expecting some news quite possibly about Abadi and the Prime Ministership in the Gazette...we found out in more detail that Abadi will be the Prime Minister for Iraq for the next two years. [post 1 of 2....stay tuned]
9-19-2018 Intel Guru 12thman Just got off a call with our group and one of our US political insiders. This person made it very clear that 10-12 days out from the Mid terms was their goal. They want a positive US environment... Stability and progress, not just in the M.E., is key. It's just as important if not more here in our own country. He went on to state that you will see lots of little things leading up to some big articles and statements made by key figures as we draw closer to Nov.
9-19-2018 Newshound/Intel Guru Walkingstick WE WANT YOU TO KNOW THAT THE US IS CALLING ALL THE SHOTS WITH IRAQ IF SO, DO YOU HONESTLY THINK THEY DON'T WANT IRAQ TO RI THEIR CURRENCY? THE US IS LOOKING FOR THE RIGHT TIMING TO DO THIS... THE RI DOES NOT NEED PARLIAMENT...DO WE NEED THE GOVT SEATED? NO!
9-18-2018 Newshound Guru Kaperoni As stated in the 2012 Article IV Consultation the plan by the IMF refers to the gradual appreciation of the dinar as a result of the Balassa-Samuelson effect. So what is that? Balassa-Samuelson Effect Definition | Investopedia: "The Balassa-Samuelson Effect is a phrase that describes the result when countries with high productivity growth also experience high wage growth, which leads to higher real exchange rates. The Balassa-Samuelson Effect suggests that an increase in wages in the tradable goods sector of an emerging economy will also lead to higher wages in the non-tradable (service) sector of the economy. The accompanying increase in inflation makes inflation rates higher in faster-growing economies than it is in slow growing, developed economies." [post 2 of 2]
9-18-2018 Newshound Guru Kaperoni This is not a RI...its a float meaning the dinar will rise to counter inflationary pressure created by an influx of investment capital. Nobody is coming yet to the party. They need to get some laws passed first as well as the new government in place to create the conditions favorable to investors. Nothing is happening until these things are done. I also believe the CBI will want to have its Article IV Consultation with the IMF to go over the banking system and directives since last year. In effect to make sure they have accomplished what was required before making any such transition. I remind people we had a member write the IMF on this matter and were told the consultation would not occur until after the formation of the new GOI. I hate to say it, but it seems obvious with the delayed formation of the government nothing will happen until at least next year with the currency. [post 1 of 2....stay tuned]
9-18-2018 Newshound/Intel Guru Mnt Goat Alalak talks about NEXT month...meaning October to do something with the paper notes. What is this action? I quote from the article he says “to compensate for the existing small categories damaged”. So he does specifically say to replace the EXISTING small categories meaning 50 250 and 500 notes.
9-18-2018 Intel Guru Frank26 ...I have told you for many months Abadi Will be the p.m. please do not ask me that question anymore simply tell the other gurus...they are wrong ...Thank you kindly.
9-18-2018 Newshound/Intel Guru Mnt Goat Press Conference quote: "...THE CENTRAL BANK HAS A FUTURE PLAN TO RESTRUCTURE THE IRAQI CURRENCY, INCLUDING THE DELETION OF ZEROS, but that plan needs deliberate steps, and a stable situation in order not to be exploited in the fraud and other." Alalak confirms that the CBI needs stability to continue with the project to delete the zeros. ...Do you think Iraq is now politically stable? If it were why wouldn’t Alalak just tell us it was stable and they were moving forward again with the project to delete the zeros...
9-18-2018 Intel/Newshound Guru tman23 I always said...news about lower denoms always came out end of Sept and start of Oct was chatter of lifting 3 zeros, this was from official sources...AND they said the only appropriate time to lift the zeros is at the start of the New Year...OH YES...LIFT ZEROS MEANS REMOVE THE CURRENCY FROM THE MARKET PLACE... AND THE EXCHANGE RATE...
9-18-2018 Newshound Guru Kaperoni This is not a RI...its a float meaning the dinar will rise to counter inflationary pressure created by an influx of investment capital. Nobody is coming yet to the party. They need to get some laws passed first as well as the new government in place to create the conditions favorable to investors. Nothing is happening until these things are done. I also believe the CBI will want to have its Article IV Consultation with the IMF to go over the banking system and directives since last year. In effect to make sure they have accomplished what was required before making any such transition. I remind people we had a member write the IMF on this matter and were told the consultation would not occur until after the formation of the new GOI. I hate to say it, but it seems obvious with the delayed formation of the government nothing will happen until at least next year with the currency. [post 1 of 2....stay tuned]
9-18-2018 Newshound/Intel Guru Mnt Goat Alalak talks about NEXT month...meaning October to do something with the paper notes. What is this action? I quote from the article he says “to compensate for the existing small categories damaged”. So he does specifically say to replace the EXISTING small categories meaning 50 250 and 500 notes.
9-18-2018 Intel Guru Frank26 ...I have told you for many months Abadi Will be the p.m. please do not ask me that question anymore simply tell the other gurus...they are wrong ...Thank you kindly.
9-18-2018 Newshound/Intel Guru Mnt Goat Press Conference quote: "...THE CENTRAL BANK HAS A FUTURE PLAN TO RESTRUCTURE THE IRAQI CURRENCY, INCLUDING THE DELETION OF ZEROS, but that plan needs deliberate steps, and a stable situation in order not to be exploited in the fraud and other." Alalak confirms that the CBI needs stability to continue with the project to delete the zeros. ...Do you think Iraq is now politically stable? If it were why wouldn’t Alalak just tell us it was stable and they were moving forward again with the project to delete the zeros...
9-18-2018 Intel/Newshound Guru tman23 I always said...news about lower denoms always came out end of Sept and start of Oct was chatter of lifting 3 zeros, this was from official sources...AND they said the only appropriate time to lift the zeros is at the start of the New Year...OH YES...LIFT ZEROS MEANS REMOVE THE CURRENCY FROM THE MARKET PLACE... AND THE EXCHANGE RATE...
9-17-2018 Intel Guru Delta ...they cannot introduce the lower denominations, unless the rate has to change. We do believe this is two events in one day. They might even show us a rate before they introduce all those lower denominations. And this is how the phase-out of the the 3 zeros will start. ...those lower denominations, they’re going to have more value. And of course those 3 zero notes are gonna have more value, because they’re going to reinstate their currency. I mean just think about it, this is a big deal. If this isn't the moment that the Central Bank told us, then why all this hype? Why all this advertisement for it? ...why would they print a lot of small group with no value? ...We’re really expecting them now, because now they’re overdue. The reinstatement of the Iraqi dinar is overdue... ...it’s going to happen in this month, or even if they take it to October, it’s not a problem. [post 2 of 2]
9-17-2018 Intel Guru Delta “The governor of the bank Ali al-Alaq said...: "The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones," noting that "these quantities will meet the need of the local market for those categories of currency." ...here’s the most important question a lot of people are asking: Are the small notes the 250 to 500? We do believe no. I don’t believe that’s the case because, where’s the logic behind them printing AGAIN the 250, 500? ...We do believe this [is] the small groups, not the 250, and 500, and 5000. We do believe that they’re going to be the 50, the 100, the 200, that they did talk about. Iraq is exactly telling us what they are going to do. That they have a plan to modernize the existing currency, the ones that they’ve got right now, and delete the zeros. So this is one event. [post 1 of 2....stay tuned]
9-17-2018 Newshound/Intel Guru Mnt Goat Quote: "The governor of the Central Bank, Ali Alaak, on Monday, the existence of a plan to delete zeros from the local currency, noting that "this plan needs to deliberate steps, so as not to be exploited in the fraud." ...just the fact that the CBI is now talking about this project again is good news to us. We see it was in fact halted in April 2018. Surprised? Like I keep saying the CBI is in charge of the reinstatement not some banks in the US.
9-17-2018 Intel Guru Bluwolf [via OOOTAH] "There Never Been A Delay", We are at a minute to minute!
9-17-2018 Intel Guru Frank26 ...In my opinion... because WE the United States of America are calling the shots...and it can even be proven now...because we the United States of America are telling them to seat the government...Are telling them when to pass laws...Because all of this is right in front of us. I am led strongly to believe the wording of NEXT MONTH... they’re talking about October! ...they’re going to introduce the new small notes and the coins. Next month… Article quote: “The Governor of the Central Bank said: The banks plans are to modernize the currency in circulation and the deletion of the zeros.” ...they will lift the 3 zeros from the exchange rate, because they’ve lifted as much of the 3 zeros from the streets that they could, physically. [post 2 of 2]
9-17-2018 Intel Guru Frank26 The sanctions that were put on the Iraqi dinar. The program rate. ...They’re expecting the exchange rate of the Iraqi dinar to be effected because of the resilience and the stability of the economic system. What more do you want...? ...To know the date. To know everything precisely the way you want it. Even though it’s right in front of your face...They don’t have a deficit! Their budget is ready to go! Their economy is in high gear! Their monetary system is secure! [post 1 of 2....stay tuned]
9-17-2018 Newshound Guru chattels Article: "Central Bank Governor for {morning}: cash reserve is close to $ 60 billion" Interesting article...Obviously the value of the dinar is the subject of some planning and discussion. What, if any, of the declarations of the CBI are reliable? What does it mean for our investment? Quotes: " ...it is not right to make changes under unstable conditions completely, ..."; " ...the central bank has a future plan for the restructuring of the Iraqi currency, including the deletion of zeros, but that plan needs to deliberate steps, and a stable situation completely in order not to exploit it in the acts of fraud and others."
9-17-2018 Intel Guru Delta “The governor of the bank Ali al-Alaq said...: "The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones," noting that "these quantities will meet the need of the local market for those categories of currency." ...here’s the most important question a lot of people are asking: Are the small notes the 250 to 500? We do believe no. I don’t believe that’s the case because, where’s the logic behind them printing AGAIN the 250, 500? ...We do believe this [is] the small groups, not the 250, and 500, and 5000. We do believe that they’re going to be the 50, the 100, the 200, that they did talk about. Iraq is exactly telling us what they are going to do. That they have a plan to modernize the existing currency, the ones that they’ve got right now, and delete the zeros. So this is one event. [post 1 of 2....stay tuned]
9-17-2018 Newshound/Intel Guru Mnt Goat Quote: "The governor of the Central Bank, Ali Alaak, on Monday, the existence of a plan to delete zeros from the local currency, noting that "this plan needs to deliberate steps, so as not to be exploited in the fraud." ...just the fact that the CBI is now talking about this project again is good news to us. We see it was in fact halted in April 2018. Surprised? Like I keep saying the CBI is in charge of the reinstatement not some banks in the US.
9-17-2018 Intel Guru Bluwolf [via OOOTAH] "There Never Been A Delay", We are at a minute to minute!
9-17-2018 Intel Guru Frank26 ...In my opinion... because WE the United States of America are calling the shots...and it can even be proven now...because we the United States of America are telling them to seat the government...Are telling them when to pass laws...Because all of this is right in front of us. I am led strongly to believe the wording of NEXT MONTH... they’re talking about October! ...they’re going to introduce the new small notes and the coins. Next month… Article quote: “The Governor of the Central Bank said: The banks plans are to modernize the currency in circulation and the deletion of the zeros.” ...they will lift the 3 zeros from the exchange rate, because they’ve lifted as much of the 3 zeros from the streets that they could, physically. [post 2 of 2]
9-17-2018 Intel Guru Frank26 The sanctions that were put on the Iraqi dinar. The program rate. ...They’re expecting the exchange rate of the Iraqi dinar to be effected because of the resilience and the stability of the economic system. What more do you want...? ...To know the date. To know everything precisely the way you want it. Even though it’s right in front of your face...They don’t have a deficit! Their budget is ready to go! Their economy is in high gear! Their monetary system is secure! [post 1 of 2....stay tuned]
9-17-2018 Newshound Guru chattels Article: "Central Bank Governor for {morning}: cash reserve is close to $ 60 billion" Interesting article...Obviously the value of the dinar is the subject of some planning and discussion. What, if any, of the declarations of the CBI are reliable? What does it mean for our investment? Quotes: " ...it is not right to make changes under unstable conditions completely, ..."; " ...the central bank has a future plan for the restructuring of the Iraqi currency, including the deletion of zeros, but that plan needs to deliberate steps, and a stable situation completely in order not to exploit it in the acts of fraud and others."
9-16-2018 Newshound Guru Kaperoni Apparently Adil Abdul-Mahdi withdraws his nomination to be PM. [reference Kaperoni and David M. Witty posts 9-16-2018]
9-16-2018 Newshound Guru Bloodloch In fact, I would think that the faster they finish (reach the equilibrium point) the sooner the Iraqi people can start to gain the benefits of an expanding economy and enjoy some serious increases in real purchasing power. At that point, the newly equalized exchange rate, as well as in-country purchasing power, should begin to climb in general unison over time. So what is this trigger event? It's not so much the what, as the how. And beyond that, I won't elaborate. No sense in stirring the pot right as the chef is about to announce that it's soup. We should all recognize it, as plain as the noses on our faces, when we see it. [post 2 of 2]
9-16-2018 Newshound Guru Bloodloch Once it begins (and it will become crystal clear what that "it" means when "it" happens), the velocity of money comes into play and, unless artificially restricted, I would not be surprised to see something quick, like a two month rise in the foreign exchange rate of the dinar to equal one dollar (the equilibrium point) assuming the change is unrestrictive and the Iraqis are left to their usual activities of working and selling and earning and banking and spending. It could take longer if they (the CBI) restrict the natural rate of growth although I'm not sure why exactly they would do that since the Project is a zero-sum purchasing power game from start to finish. [post 1 of 2....stay tuned]
9-16-2018 Newshound Guru Kaperoni As reported, if Adil Abdul-Mahdi is the next PM this is excellent news!
9-16-2018 Newshound Guru David M. Witty In Iraqi election news, Sairoon & Building coalitions agree on Adil Abdul-Mahdi as next PM.
9-16-2018 Newshound Guru Kaperoni [Is there any word on when that process will start?] Only an educated guess can be made based on the urgency to maintain compliance, encourage investment and begin rebuilding putting people back to work. We also know they cannot begin until the formation of the new government.
9-16-2018 Intel Guru Frank26 I PROMISED TO GO SILENT...BUT I FORGOT TO MENTION ...I DON'T CARE WHO THE PM IS ...ABADI... MAHADI... GANDHI …LOL...
9-16-2018 Newshound Guru Kirk H. Sowell So it is now officially over for Iraqi Prime Minister Hayder al-Abadi's reelection. This press conference last night was a concession speech in every sense. His reelection effort is over... this was the end of his effort to obtain a second term. Next, MPs have just now elected Muhammad al-Halbusi, currently Anbar governor, as the next speaker of parliament. This is breaking news. He belong's to Jamal al-Karbuli's al-Hal party.
9-16-2018 Newshound Guru Bloodloch In fact, I would think that the faster they finish (reach the equilibrium point) the sooner the Iraqi people can start to gain the benefits of an expanding economy and enjoy some serious increases in real purchasing power. At that point, the newly equalized exchange rate, as well as in-country purchasing power, should begin to climb in general unison over time. So what is this trigger event? It's not so much the what, as the how. And beyond that, I won't elaborate. No sense in stirring the pot right as the chef is about to announce that it's soup. We should all recognize it, as plain as the noses on our faces, when we see it. [post 2 of 2]
9-16-2018 Newshound Guru Bloodloch Once it begins (and it will become crystal clear what that "it" means when "it" happens), the velocity of money comes into play and, unless artificially restricted, I would not be surprised to see something quick, like a two month rise in the foreign exchange rate of the dinar to equal one dollar (the equilibrium point) assuming the change is unrestrictive and the Iraqis are left to their usual activities of working and selling and earning and banking and spending. It could take longer if they (the CBI) restrict the natural rate of growth although I'm not sure why exactly they would do that since the Project is a zero-sum purchasing power game from start to finish. [post 1 of 2....stay tuned]
9-16-2018 Newshound Guru Kaperoni As reported, if Adil Abdul-Mahdi is the next PM this is excellent news!
9-16-2018 Newshound Guru David M. Witty In Iraqi election news, Sairoon & Building coalitions agree on Adil Abdul-Mahdi as next PM.
9-16-2018 Newshound Guru Kaperoni [Is there any word on when that process will start?] Only an educated guess can be made based on the urgency to maintain compliance, encourage investment and begin rebuilding putting people back to work. We also know they cannot begin until the formation of the new government.
9-16-2018 Intel Guru Frank26 I PROMISED TO GO SILENT...BUT I FORGOT TO MENTION ...I DON'T CARE WHO THE PM IS ...ABADI... MAHADI... GANDHI …LOL...
9-16-2018 Newshound Guru Kirk H. Sowell So it is now officially over for Iraqi Prime Minister Hayder al-Abadi's reelection. This press conference last night was a concession speech in every sense. His reelection effort is over... this was the end of his effort to obtain a second term. Next, MPs have just now elected Muhammad al-Halbusi, currently Anbar governor, as the next speaker of parliament. This is breaking news. He belong's to Jamal al-Karbuli's al-Hal party.
9-15-2018 Newshound Guru Kaperoni …If your expecting some overnight event your mistaken. There are many experts that predict the dinar could take 6 months to a year to rise to a level equal with a dollar once they begin to float. Keep in mind it will be directly related to how fast foreign capital comes into the country through the cbi's capital account…
9-15-2018 Newshound/Intel Guru Mnt Goat Okay so once the prime minister is elected, they will have until mid Oct to get the reinstatement done. If they decide not to do it we may as well relax because we are waiting until EARLY 2019. I am telling you this now because I have knowledge of target dates already to get this done. I have a direct source in the CBI and we completed a recent long conversation over this issue of timing for the reinstatement. Again they reinforced to me that when we see the re-education process begin about the new smaller categories, this will be our signal they are going forward. If we don’t see it then we are in the window of 2019. [post 2 of 2]
9-15-2018 Newshound/Intel Guru Mnt Goat WOW! Mid Sept. already and still we wait for the formation of the new government. Didn’t I tell everyone that if they met a benchmark of July and did not form this government by then that they would stretch it out until September but I do not believe it will go beyond Sept. So once the new house speaker and president and deputies are elected then the next hurdle is to get the new nominee for the prime minister announced and voted on. [post 1 of 2....stay tuned]
9-15-2018 Newshound/Intel Guru Mnt Goat Okay so once the prime minister is elected, they will have until mid Oct to get the reinstatement done. If they decide not to do it we may as well relax because we are waiting until EARLY 2019. I am telling you this now because I have knowledge of target dates already to get this done. I have a direct source in the CBI and we completed a recent long conversation over this issue of timing for the reinstatement. Again they reinforced to me that when we see the re-education process begin about the new smaller categories, this will be our signal they are going forward. If we don’t see it then we are in the window of 2019. [post 2 of 2]
9-15-2018 Newshound/Intel Guru Mnt Goat WOW! Mid Sept. already and still we wait for the formation of the new government. Didn’t I tell everyone that if they met a benchmark of July and did not form this government by then that they would stretch it out until September but I do not believe it will go beyond Sept. So once the new house speaker and president and deputies are elected then the next hurdle is to get the new nominee for the prime minister announced and voted on. [post 1 of 2....stay tuned]
9-14-2018 Newshound Guru Kaperoni Another reason is the CBI wants to end the daily currency auctions. To do so, they must have an alternative to generate revenue. The CBI profits from the buying/selling of currency. And lastly because the IMF said so. Despite what the gurus say the IMF made it very clear..."staff encourages the authorities to create the conditions which would make possible a move to a more flexible...exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect”…The IMF is clearly talking about a float…
9-14-2018 Newshound Guru Kaperoni The CBI is reprinting some denomination including the 250, 500, 1000 dinar as many are worn out from years of neglect. Has nothing to do with RV or RI as gurus would like you to think. Why won't the CBI RV or RI the Iraqi dinar? The primary reason is the CBI needs a tool to counter inflationary pressure created by a large influx of investment capital. As already announced by the CBI the dinar will be globally traded. It must float. The world sets a countries currency value. Supply and demand. [Post 1 of 2]
9-14-2018 Newshound Guru Mnt Goat Is the market place now ready for these lower, lower category notes? Well maybe so since the CBI finally had the ATMs ready and the payouts from the government is essentially all now digital electronic debit cards. Also we know that in doing these measures the CBI has shrunk the tangible money in circulation by nearly 2/3, which incidentally was on the list of objectives for the project to delete the zeros I read in 2011. ...if you look at the overall situation in Iraq and the plan to move the economy forward, I don’t see why they have not yet done the REINSTATEMENT by now. It is well overdue. [post 2 of 2]
9-14-2018 Newshound Guru Mnt Goat ...We have been told the rollout will be very slow and gradual as the economy adjust for inflation. As the economy adjust that even more lower, lower categories will be launched. For instance: we know that in early 2016 the CBI fully intended to launch the 100 notes. They did not launch the 100 category notes due to the decision that the “market place was not yet ready”. Later we also find out they cancelled the project to delete the zeros final stages that we are looking for (that coincides with the reinstatement of the currency). Remember in March of 2015 the CBI told us they had gotten the “green light” to go ahead with it. [post 1 of 2....stay tuned]
9-14-2018 Newshound Guru Kaperoni "Breaking: While PM Haider Al-Abadi gave (Apparently) farewell speech to his office, Moqtada Sadr announced an agreement to nomination "independent & technocrats” candidates for the new #Iraqi Prime Minister position" Does not look like current PM Abadi will be nominated for another term.
9-14-2018 Intel Guru Frank26 ...Look what Abadi says...the dinar, that is marked Specimen, is leaving Iraq. And Abadi is telling all of these neighboring countries, we’re cool with your currency, if you’re cool with ours. ...Abadi says the following: “I will not insist on a specific site and insist to serve the country. We welcome the existence of any cooperation between us and neighboring countries in the field of local currencies, and we do not want global domination that controls the economies of countries" Now what does that mean? Yes we’re going to swap. And yes, we’re sending our currency out to you. And yes, we’re going through a reinstatement of our currency. We can send you our currency. It’s about to be globally recognized. It’s about to enter Article 8. We’re going to introduce our lower denominations too. We’re not going to have just one controlling currency anymore, like the American dollar. No more...This is as obvious as it gets. [post 2 of 2]
9-14-2018 Intel Guru Frank26 [via Sunkissed] Article quote: “We welcome the existence of any cooperation between us and neighboring countries in the field of local currencies” ...in our opinion, the lower denoms with a Specimen mark on them are leaving the borders of Iraq...in our opinion, we see the physical lower denom, marked Specimen, from the East to the West in many banks...why is it being sent to banks Frank? Because this is the currency that will be used in buying and selling and trading on a Global scale. The small notes are going to stay INSIDE the country, because there will be a rate change; along with the coins. And those belong to the citizens. They do not belong to the Global Market. [post 1 of 2....stay tuned]
9-14-2018 Newshound Guru Kaperoni The CBI is reprinting some denomination including the 250, 500, 1000 dinar as many are worn out from years of neglect. Has nothing to do with RV or RI as gurus would like you to think. Why won't the CBI RV or RI the Iraqi dinar? The primary reason is the CBI needs a tool to counter inflationary pressure created by a large influx of investment capital. As already announced by the CBI the dinar will be globally traded. It must float. The world sets a countries currency value. Supply and demand. [Post 1 of 2]
9-14-2018 Newshound Guru Mnt Goat Is the market place now ready for these lower, lower category notes? Well maybe so since the CBI finally had the ATMs ready and the payouts from the government is essentially all now digital electronic debit cards. Also we know that in doing these measures the CBI has shrunk the tangible money in circulation by nearly 2/3, which incidentally was on the list of objectives for the project to delete the zeros I read in 2011. ...if you look at the overall situation in Iraq and the plan to move the economy forward, I don’t see why they have not yet done the REINSTATEMENT by now. It is well overdue. [post 2 of 2]
9-14-2018 Newshound Guru Mnt Goat ...We have been told the rollout will be very slow and gradual as the economy adjust for inflation. As the economy adjust that even more lower, lower categories will be launched. For instance: we know that in early 2016 the CBI fully intended to launch the 100 notes. They did not launch the 100 category notes due to the decision that the “market place was not yet ready”. Later we also find out they cancelled the project to delete the zeros final stages that we are looking for (that coincides with the reinstatement of the currency). Remember in March of 2015 the CBI told us they had gotten the “green light” to go ahead with it. [post 1 of 2....stay tuned]
9-14-2018 Newshound Guru Kaperoni "Breaking: While PM Haider Al-Abadi gave (Apparently) farewell speech to his office, Moqtada Sadr announced an agreement to nomination "independent & technocrats” candidates for the new #Iraqi Prime Minister position" Does not look like current PM Abadi will be nominated for another term.
9-14-2018 Intel Guru Frank26 ...Look what Abadi says...the dinar, that is marked Specimen, is leaving Iraq. And Abadi is telling all of these neighboring countries, we’re cool with your currency, if you’re cool with ours. ...Abadi says the following: “I will not insist on a specific site and insist to serve the country. We welcome the existence of any cooperation between us and neighboring countries in the field of local currencies, and we do not want global domination that controls the economies of countries" Now what does that mean? Yes we’re going to swap. And yes, we’re sending our currency out to you. And yes, we’re going through a reinstatement of our currency. We can send you our currency. It’s about to be globally recognized. It’s about to enter Article 8. We’re going to introduce our lower denominations too. We’re not going to have just one controlling currency anymore, like the American dollar. No more...This is as obvious as it gets. [post 2 of 2]
9-14-2018 Intel Guru Frank26 [via Sunkissed] Article quote: “We welcome the existence of any cooperation between us and neighboring countries in the field of local currencies” ...in our opinion, the lower denoms with a Specimen mark on them are leaving the borders of Iraq...in our opinion, we see the physical lower denom, marked Specimen, from the East to the West in many banks...why is it being sent to banks Frank? Because this is the currency that will be used in buying and selling and trading on a Global scale. The small notes are going to stay INSIDE the country, because there will be a rate change; along with the coins. And those belong to the citizens. They do not belong to the Global Market. [post 1 of 2....stay tuned]
9-13-2018 Intel Guru Delta Article quote: "STRENGTHEN THE CURRENCY AND THE IRAQI DINAR AT THE PRESENT TIME" YOU DON'T STRENGTHEN THE IRAQI DINAR BY PRINTING MORE MONEY...BY INCREASING THE VALUE...IT WILL BE ONE EVENT..(Big Smile)
9-13-2018 Newshound Guru Kirk H. Sowell Not an explicit withdrawal, but Abadi appears to preparing the way for a face-saving end to his reelection campaign, framing it as responding to clerical authorities.
9-13-2018 Newshound Guru Kaperoni Lots of great banking news today coming out. EU lifts banking restrictions on CBI. Another article states the CBI will activate Paypal services.
9-13-2018 Newshound Guru Adam Montana Closely related in the “coming soon” category is the Prime Minister position. We still stand a chance to see Abadi continue in that role, which is something that would have me hopping on the edge of my seat! Article: "Urgent: Mr. Sadr and Amiri agree to submit a candidate for prime minister according to the specifications of the reference" I think Abadi is fighting harder than he is letting on to keep his spot. And I like it. The waiting game is tough, but as long as we are seeing progress - there’s no need to fret...we can see that things ARE moving forward... [post 2 of 2]
9-13-2018 Newshound Guru Adam Montana ...we had an exciting weekend...potential for major HCL news...it didn’t end up happening, but you know the adage - where there is smoke, there is fire. This IS on the horizon! Article quote: "The Federal Supreme Court on Wednesday postponed adjournment of appeals on the unconstitutionality of articles in the Iraqi National Oil Company Law No. (4) of 2018 to the third of next month" [post 1 of 2....stay tuned]
9-13-2018 Intel Guru ADMINBILL As for the event we have been waiting for I do not believe we are there yet. Still processing...the RV is still slowly grinding through.
9-13-2018 Newshound Guru Currency365 Iraqi Central Bank's march over last four years proved that it is proceeding steadily to achieve stated goals. This proves that Iraq has gone out of the monitoring & follow-up area to regular follow-up area every two years, like other banks in the world according to FATF... #breakingnews... European Union officially announced exit of Central Bank Iraq from list of sanctions!!! Publication in official newspaper European Union. The prohibition of dealing with a group of institutions Financial and non-financial Iraqi, including the Central Bank of Iraq.
9-13-2018 Newshound Guru MilitiaMan The two neighbors are going to be shocked when Iraq re-instates the IQD and especially if she becomes her former GLORY! Think the impact to them is going to be shocking? lol I sure do, as it will be for us and in a huge way. A good thing for us. Not so for the Regimes in charge of those two countries, imo. The citizens of them are going to be oh so ticked off and most likely jealous to boot. A mix that may prove to be very hard for the Regimes in charge to deal with...Not only is the exchange rate going to be mind blowing to/for them, imo, it will be even more damaging, as they have to use Euros to trade.. lol Tack on another 15 - 20%. over the USD they no longer can use...imo. [post 2 of 2]
9-13-2018 Newshound Guru MilitiaMan Article: "Indicators of economic resilience and stability in the monetary system" The thing that grabs my eye is the use of the word shock(s) in respect to exchange rate. They use is it in many forms either; internally, externally, economically and or politically. The part that is clearly important for one to look (imo) at is the reference to economic shocks. ...They clearly state that Iran and Turkey are not going to be a problem having sanctions on them presently, as they were apparently included in the analysis with the likes of FATF and 2018 GFR!! Take note what shocks to a currency are about. "The impact on domestic financial markets and real economic activity from drastic and sudden changes in a currency's value on world markets." Now if that doesn't rock ones world, I am not sure anything will... lol. [post 1 of 2....stay tuned]
9-13-2018 Newshound Guru Kirk H. Sowell Not an explicit withdrawal, but Abadi appears to preparing the way for a face-saving end to his reelection campaign, framing it as responding to clerical authorities.
9-13-2018 Newshound Guru Kaperoni Lots of great banking news today coming out. EU lifts banking restrictions on CBI. Another article states the CBI will activate Paypal services.
9-13-2018 Newshound Guru Adam Montana Closely related in the “coming soon” category is the Prime Minister position. We still stand a chance to see Abadi continue in that role, which is something that would have me hopping on the edge of my seat! Article: "Urgent: Mr. Sadr and Amiri agree to submit a candidate for prime minister according to the specifications of the reference" I think Abadi is fighting harder than he is letting on to keep his spot. And I like it. The waiting game is tough, but as long as we are seeing progress - there’s no need to fret...we can see that things ARE moving forward... [post 2 of 2]
9-13-2018 Newshound Guru Adam Montana ...we had an exciting weekend...potential for major HCL news...it didn’t end up happening, but you know the adage - where there is smoke, there is fire. This IS on the horizon! Article quote: "The Federal Supreme Court on Wednesday postponed adjournment of appeals on the unconstitutionality of articles in the Iraqi National Oil Company Law No. (4) of 2018 to the third of next month" [post 1 of 2....stay tuned]
9-13-2018 Intel Guru ADMINBILL As for the event we have been waiting for I do not believe we are there yet. Still processing...the RV is still slowly grinding through.
9-13-2018 Newshound Guru Currency365 Iraqi Central Bank's march over last four years proved that it is proceeding steadily to achieve stated goals. This proves that Iraq has gone out of the monitoring & follow-up area to regular follow-up area every two years, like other banks in the world according to FATF... #breakingnews... European Union officially announced exit of Central Bank Iraq from list of sanctions!!! Publication in official newspaper European Union. The prohibition of dealing with a group of institutions Financial and non-financial Iraqi, including the Central Bank of Iraq.
9-13-2018 Newshound Guru MilitiaMan The two neighbors are going to be shocked when Iraq re-instates the IQD and especially if she becomes her former GLORY! Think the impact to them is going to be shocking? lol I sure do, as it will be for us and in a huge way. A good thing for us. Not so for the Regimes in charge of those two countries, imo. The citizens of them are going to be oh so ticked off and most likely jealous to boot. A mix that may prove to be very hard for the Regimes in charge to deal with...Not only is the exchange rate going to be mind blowing to/for them, imo, it will be even more damaging, as they have to use Euros to trade.. lol Tack on another 15 - 20%. over the USD they no longer can use...imo. [post 2 of 2]
9-13-2018 Newshound Guru MilitiaMan Article: "Indicators of economic resilience and stability in the monetary system" The thing that grabs my eye is the use of the word shock(s) in respect to exchange rate. They use is it in many forms either; internally, externally, economically and or politically. The part that is clearly important for one to look (imo) at is the reference to economic shocks. ...They clearly state that Iran and Turkey are not going to be a problem having sanctions on them presently, as they were apparently included in the analysis with the likes of FATF and 2018 GFR!! Take note what shocks to a currency are about. "The impact on domestic financial markets and real economic activity from drastic and sudden changes in a currency's value on world markets." Now if that doesn't rock ones world, I am not sure anything will... lol. [post 1 of 2....stay tuned]
9-12-2018 Guest Guru BobTheTaxMan …we’ve had this huge burst of growth here in America…These tax laws have been the pinnacle as far as I’m concerned, the reason why we are seeing so much change in our world of finance for America…is really based entirely on the taxes…the new 2018 taxes is a true blessing for those of us who have dinar.
9-12-2018 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones," noting that "these quantities will meet the need of the local market for those categories of currency." So today we seem to have some WOW news. This news is all about the Central Bank of Iraq announcing its intention to issue large amounts of local currency, with small categories. But the excitement is not that they are launching the lower denominations and thus an RV. Instead they are simply saying they are replacing damaged notes as they are taking in by the banks.
9-12-2018 Intel Guru Frank26 [via Clare] A New Era!!! In Position!! Beauty of what's going on...it's happening...Masterful...Seating of GOI completely, will allow HCL...ISX in position, so is Government to pass HCL...all in position/USA picked their Government...Iran Influence running away...
9-12-2018 Intel Guru Bruce We are at the point right now we got 3 more things that Iraq needs to do...Number 1 Prime Minister Abadi should be reappointed as Prime Minister. That fact be made known somehow overnight or tonight. We also want the HCL, Oil and Gas Law, should be activated and they should be paying out a very large amount of to the citizens with that activation. We understand that is something would be done here soon, fairly quickly. The final thing is the reinstatement which we think is already happening for the dinar. Also we have the revaluation. We have timetables for that and it looks very near...Let’s just say that people should be paying attention the next day or so what could be happening... The operational word is could. We are hearing some very good things. We will see what happens. [post 2 of 2]
9-12-2018 Intel Guru Bruce [via PinkRoses] ...What is holding this up? ...there always seems there has been one more thing. It doesn’t mean necessarily anything has held it up. It just means the process is more involved and deeper process and more to do than we had thought...and there is just so much information we get of the totality of the process...We know we are at the point the last of the things we believe are necessary to happen are happening. That is really good. WE can tell the progress that is being made in a lot of areas...Iraq is getting it done... [post 1 of 2....stay tuned]
9-12-2018 Intel Guru Delta Article quote: "The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones," noting that "these quantities will meet the need of the local market for those categories of currency." ...A LOT OF THE THEM...SMALL NOTES...THIS IS HOW WILL GET ALL 3 ZERO NOTES FROM IRAQI...BRILLIANT PLAN...
9-12-2018 Newshound Guru tlm724 Article: "The central poses large amounts of small currency" Will be interesting to see how "Small" the notes are but I suspect they are the 250 and 500 dinar notes that the CBI Director of Financial Operations talked about replacing.
9-12-2018 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones," noting that "these quantities will meet the need of the local market for those categories of currency." So today we seem to have some WOW news. This news is all about the Central Bank of Iraq announcing its intention to issue large amounts of local currency, with small categories. But the excitement is not that they are launching the lower denominations and thus an RV. Instead they are simply saying they are replacing damaged notes as they are taking in by the banks.
9-12-2018 Intel Guru Frank26 [via Clare] A New Era!!! In Position!! Beauty of what's going on...it's happening...Masterful...Seating of GOI completely, will allow HCL...ISX in position, so is Government to pass HCL...all in position/USA picked their Government...Iran Influence running away...
9-12-2018 Intel Guru Bruce We are at the point right now we got 3 more things that Iraq needs to do...Number 1 Prime Minister Abadi should be reappointed as Prime Minister. That fact be made known somehow overnight or tonight. We also want the HCL, Oil and Gas Law, should be activated and they should be paying out a very large amount of to the citizens with that activation. We understand that is something would be done here soon, fairly quickly. The final thing is the reinstatement which we think is already happening for the dinar. Also we have the revaluation. We have timetables for that and it looks very near...Let’s just say that people should be paying attention the next day or so what could be happening... The operational word is could. We are hearing some very good things. We will see what happens. [post 2 of 2]
9-12-2018 Intel Guru Bruce [via PinkRoses] ...What is holding this up? ...there always seems there has been one more thing. It doesn’t mean necessarily anything has held it up. It just means the process is more involved and deeper process and more to do than we had thought...and there is just so much information we get of the totality of the process...We know we are at the point the last of the things we believe are necessary to happen are happening. That is really good. WE can tell the progress that is being made in a lot of areas...Iraq is getting it done... [post 1 of 2....stay tuned]
9-12-2018 Intel Guru Delta Article quote: "The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones," noting that "these quantities will meet the need of the local market for those categories of currency." ...A LOT OF THE THEM...SMALL NOTES...THIS IS HOW WILL GET ALL 3 ZERO NOTES FROM IRAQI...BRILLIANT PLAN...
9-12-2018 Newshound Guru tlm724 Article: "The central poses large amounts of small currency" Will be interesting to see how "Small" the notes are but I suspect they are the 250 and 500 dinar notes that the CBI Director of Financial Operations talked about replacing.
9-11-2018 Intel Guru Delta ...CBI TOLD US WHAT THEY ARE GOING TO DO...Quotes: "Governor of the Central Bank...the Bank 's plan to modernize the currency in circulation and the deletion of zeros." "The Central Bank of Iraq announced its intention to raise large amounts of local currency, with small categories, while continuing to receive the damaged currency from the citizens and replace it with new." IT'S ONE EVENT. (Wink) ...IT'S...DONE...
9-11-2018 Newshound/Intel Guru Walkingstick [via Clare] 1) Seating of Government with largest block, no way Iran or corruption can interfere. Sadar & Abadi...Full Control... 2) Initiation of HCL...rate doesn't matter... just the fact that it's in position... 3) ISX & ESX are positioned internationally...IMF has things in place to prevent a run on ISX @ PR...the pairing of the 127 countries caused international movement & was successful... Every Central Bank that saw the pairing KNOWS what it means! 4) Leaving of Specimen marked LD's... international movement of their currency (left boarders of Iraq, showing up...Thailand & all over the planet, East to West)...
9-11-2018 Intel Guru Frank26 Importance of GOI to pass HCL to succeed with the Citizens who will automatically get opened bank accounts... for all Iraq's Citizens from 16 and up... paid electronically according to National Oil Law...inside & outside Iraq...Brilliant USA!!! Game On! POTUS & Abadi are meeting Sept. 13th in Washington (something's on T's desk)...& 25th @ UN...ALL IN POSITION: GOI...ISX...SPECIMENS...HCL...IMO. [post 2 of 2]
9-11-2018 Intel Guru Frank26 [via Clare] POTUS, Demanding Now: 1) HCL -which has to have seated Gov. (to get HCL) 2) RI of IQD. BIS getting ready to announce change in IQD Rate... CBI & BIS, will both do same action at same time... 90% of all money in foreign banks put there illegally...all coming back...all assets...Economic reform that depends on RI will Explode...Reasons of RI: 1) To be International/ Art 8/ trade with own currency... 2) To give Citizens more Purchasing Power 3) To run GOI with International Confidence...take their currency seriously... they continue to collect the worn notes & LD's ....replace with small notes & coins...RI MUST NOT FAIL. [post 1 of 2....stay tuned]
9-11-2018 Newshound Guru David M. Witty In Iraqi election news, main religious authority Sistani issues statement on next PM. Says he does not support any politicians who have been in power in previous years as people will not have hope they can improve situation in Iraq.
9-11-2018 Newshound/Intel Guru Mnt Goat What we want are the real lower category notes such as the 100, 50 and 25 and coins. We know that these lower category notes are to be slowly launched, as needed. How long will it take? We don’t know and I don’t think Iraq even knows. Yes, it a good sign they are NOT going backwards and issuing more 25k, 10k and 5k notes. ...Now having said all this can the CBI slip in a couple of the newer lower category notes NOT yet launched and thus come out with a new rate much higher than it is today? Yes, yes, yes and this is VERY possible too. But it does not say this directly and list them out so we don’t know for sure. Let’s just wait it out and see. This might get interesting... [post 2 of 2]
9-11-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAQ INTENDS NEXT MONTH, TO PUT LARGE AMOUNTS OF LOCAL CURRENCY, SMALL GROUPS" So what does this article mean to us? Is this the “project to delete the zeros? Well kind of...It is the very first stages of it but this is not new news. These are just replacements notes of the ones already issued. ...It is NOT what we would expect as the next move since these notes are the smaller categories they keep talking about such as the 250, and 500 dinar notes...This is just replacement of these notes... [post 1 of 2....stay tuned]
9-11-2018 Newshound Guru MilitiaMan BISX~ What a heck of a time to become like the big boyz...? Today this came out for the BISX investors that have present accounts. They have/are upgrading the system.. This notification to investors speaks that they are going to go live electronically, whereas, today it is an antiquated system that needs parchment and quill, so to speak. ...Now keep in mind this came out today and it came from a friend that has an account whom I verified it personally with who explained how it works today. Well this shows that is about to change. It comes out the day before a holiday [9-11-2018, Islamic New Year]. Fascinating... oh ya.
9-11-2018 Newshound/Intel Guru Walkingstick [via Clare] 1) Seating of Government with largest block, no way Iran or corruption can interfere. Sadar & Abadi...Full Control... 2) Initiation of HCL...rate doesn't matter... just the fact that it's in position... 3) ISX & ESX are positioned internationally...IMF has things in place to prevent a run on ISX @ PR...the pairing of the 127 countries caused international movement & was successful... Every Central Bank that saw the pairing KNOWS what it means! 4) Leaving of Specimen marked LD's... international movement of their currency (left boarders of Iraq, showing up...Thailand & all over the planet, East to West)...
9-11-2018 Intel Guru Frank26 Importance of GOI to pass HCL to succeed with the Citizens who will automatically get opened bank accounts... for all Iraq's Citizens from 16 and up... paid electronically according to National Oil Law...inside & outside Iraq...Brilliant USA!!! Game On! POTUS & Abadi are meeting Sept. 13th in Washington (something's on T's desk)...& 25th @ UN...ALL IN POSITION: GOI...ISX...SPECIMENS...HCL...IMO. [post 2 of 2]
9-11-2018 Intel Guru Frank26 [via Clare] POTUS, Demanding Now: 1) HCL -which has to have seated Gov. (to get HCL) 2) RI of IQD. BIS getting ready to announce change in IQD Rate... CBI & BIS, will both do same action at same time... 90% of all money in foreign banks put there illegally...all coming back...all assets...Economic reform that depends on RI will Explode...Reasons of RI: 1) To be International/ Art 8/ trade with own currency... 2) To give Citizens more Purchasing Power 3) To run GOI with International Confidence...take their currency seriously... they continue to collect the worn notes & LD's ....replace with small notes & coins...RI MUST NOT FAIL. [post 1 of 2....stay tuned]
9-11-2018 Newshound Guru David M. Witty In Iraqi election news, main religious authority Sistani issues statement on next PM. Says he does not support any politicians who have been in power in previous years as people will not have hope they can improve situation in Iraq.
9-11-2018 Newshound/Intel Guru Mnt Goat What we want are the real lower category notes such as the 100, 50 and 25 and coins. We know that these lower category notes are to be slowly launched, as needed. How long will it take? We don’t know and I don’t think Iraq even knows. Yes, it a good sign they are NOT going backwards and issuing more 25k, 10k and 5k notes. ...Now having said all this can the CBI slip in a couple of the newer lower category notes NOT yet launched and thus come out with a new rate much higher than it is today? Yes, yes, yes and this is VERY possible too. But it does not say this directly and list them out so we don’t know for sure. Let’s just wait it out and see. This might get interesting... [post 2 of 2]
9-11-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAQ INTENDS NEXT MONTH, TO PUT LARGE AMOUNTS OF LOCAL CURRENCY, SMALL GROUPS" So what does this article mean to us? Is this the “project to delete the zeros? Well kind of...It is the very first stages of it but this is not new news. These are just replacements notes of the ones already issued. ...It is NOT what we would expect as the next move since these notes are the smaller categories they keep talking about such as the 250, and 500 dinar notes...This is just replacement of these notes... [post 1 of 2....stay tuned]
9-11-2018 Newshound Guru MilitiaMan BISX~ What a heck of a time to become like the big boyz...? Today this came out for the BISX investors that have present accounts. They have/are upgrading the system.. This notification to investors speaks that they are going to go live electronically, whereas, today it is an antiquated system that needs parchment and quill, so to speak. ...Now keep in mind this came out today and it came from a friend that has an account whom I verified it personally with who explained how it works today. Well this shows that is about to change. It comes out the day before a holiday [9-11-2018, Islamic New Year]. Fascinating... oh ya.
9-10-2018 Newshound/Intel Guru BGG Article: "The Central (Bank) poses large amounts of small currency" Quote: "The Central Bank of Iraq intends next month, to put large amounts of local currency, small groups, while continuing to receive the currency damaged by citizens and replace it (with) New." First bit of really good news in a while!!
9-10-2018 Newshound/Intel Guru Mnt Goat September 15th is just around the corner and we know this is a target date to get this largest bloc issue settled so they can move ahead again in forming the government. Iraq is experiencing a political struggle to form the largest bloc between an alliance led by "Nuri al-Maliki - Hadi al-Ameri" and the name of the news and supported by Iran in the face of the coalition, "reconstruction and reform," led by Moqtada al-Sadr - Haider Abadi. The leader of the coalition of victory and Iraqi Prime Minister Haider al-Abadi, supported by the United States of America, so in light of the resolve of the Shiite and Sunni forces, their position of the largest bloc has become the decision of the Kurds in ending the controversy of the largest bloc and the weight of Iran or America to the post of prime minister of Iraq.
9-10-2018 Newshound Guru Bobby The people of Iraq are speaking and they are speaking with a voice of reason. They, just like us, are tired of the status quo and that right there is our hope. We have 1 somewhat stable stability and that's the CBI, which still has some work to do towards financial inclusion. If Iraq gets it's act together politically and starts supporting in full The National Development Plan, that's when you should start getting excited... [post 3 of 3]
9-10-2018 Newshound Guru Bobby Because they have NO economy aside from oil. We saw...an article ...that gave us numbers still in the upper 80's as far as oil dependent revenue. Once those numbers get to a much better ratio of let's say 60/40, we may have a chance...I throw those numbers out there because I have read the IMF SBA's, the National Development Plan, the Reconstruction and Investment Plan and International Institutional studies on Iraq's economy. It really is that simple. My suggestion ...let Iraq form it's GOI, hopefully an inclusive one, and then we watch what direction they will go. [post 2 of 3....stay tuned]
9-10-2018 Newshound Guru Bobby ...as far as adding value to the IQD? ...I'm seeing a lot of talk about this very important subject that is dear to all of us...If you fail to read the news about what Iraq is telling us outside of the political mouthpieces, you will always think "just add value and everything will be ok" That thought will get you nowhere... If Iraq were to put the IQD on the Forex market right now, they could neither support and sustain a value of 1190, or on a 1:1 par with the USD... PERIOD. Now some may say well Vietnam does it at what 20,000 to 1? Apples and oranges my friends. Just like comparing currency values thru trade and bilateral agreements have zero to do with a currency's value between country's...Iraq would go belly up if they even tried to put the IQD on the Forex market at this point. Why do I say that? [post 1 of 3....stay tuned]
9-10-2018 Newshound Guru MilitiaMan Article: "Central reserves amounted to $59 billion and 96 tons went gold" This article is full of Bragging Rights...to show where they are. Their bag of goodies is full. This year alone they increased their reserves somewhere in the tune of 10 billion Dollars, additional bonds from China and Islamic Banks and 6.5 additional Tonnes of Gold. They talk of contracts with Ernst & Young. Bragging about being the first in the region with SWIFT and that the are internationally compliant. Compliant with international remittances... Well they will need to pay the citizens abroad the HCL( Think Somo [State Organization for Marketing of Oil] ) by such means now won't they? Yep...All in time... imo.
9-10-2018 Intel Guru RayRen98 A BANK SOURCE THINKS WE WILL BE EXCHANGING ON MONDAY, B BANK SOURCE SAYS THEY HAVE NOT HEARD THAT...TIME WILL TELL. THE NEWLY ANNOUNCED E-CARD BY THE CBI "SUPPOSEDLY" WILL HAVE A NEW RATE - TIME WILL TELL.
9-10-2018 Newshound/Intel Guru Mnt Goat September 15th is just around the corner and we know this is a target date to get this largest bloc issue settled so they can move ahead again in forming the government. Iraq is experiencing a political struggle to form the largest bloc between an alliance led by "Nuri al-Maliki - Hadi al-Ameri" and the name of the news and supported by Iran in the face of the coalition, "reconstruction and reform," led by Moqtada al-Sadr - Haider Abadi. The leader of the coalition of victory and Iraqi Prime Minister Haider al-Abadi, supported by the United States of America, so in light of the resolve of the Shiite and Sunni forces, their position of the largest bloc has become the decision of the Kurds in ending the controversy of the largest bloc and the weight of Iran or America to the post of prime minister of Iraq.
9-10-2018 Newshound Guru Bobby The people of Iraq are speaking and they are speaking with a voice of reason. They, just like us, are tired of the status quo and that right there is our hope. We have 1 somewhat stable stability and that's the CBI, which still has some work to do towards financial inclusion. If Iraq gets it's act together politically and starts supporting in full The National Development Plan, that's when you should start getting excited... [post 3 of 3]
9-10-2018 Newshound Guru Bobby Because they have NO economy aside from oil. We saw...an article ...that gave us numbers still in the upper 80's as far as oil dependent revenue. Once those numbers get to a much better ratio of let's say 60/40, we may have a chance...I throw those numbers out there because I have read the IMF SBA's, the National Development Plan, the Reconstruction and Investment Plan and International Institutional studies on Iraq's economy. It really is that simple. My suggestion ...let Iraq form it's GOI, hopefully an inclusive one, and then we watch what direction they will go. [post 2 of 3....stay tuned]
9-10-2018 Newshound Guru Bobby ...as far as adding value to the IQD? ...I'm seeing a lot of talk about this very important subject that is dear to all of us...If you fail to read the news about what Iraq is telling us outside of the political mouthpieces, you will always think "just add value and everything will be ok" That thought will get you nowhere... If Iraq were to put the IQD on the Forex market right now, they could neither support and sustain a value of 1190, or on a 1:1 par with the USD... PERIOD. Now some may say well Vietnam does it at what 20,000 to 1? Apples and oranges my friends. Just like comparing currency values thru trade and bilateral agreements have zero to do with a currency's value between country's...Iraq would go belly up if they even tried to put the IQD on the Forex market at this point. Why do I say that? [post 1 of 3....stay tuned]
9-10-2018 Newshound Guru MilitiaMan Article: "Central reserves amounted to $59 billion and 96 tons went gold" This article is full of Bragging Rights...to show where they are. Their bag of goodies is full. This year alone they increased their reserves somewhere in the tune of 10 billion Dollars, additional bonds from China and Islamic Banks and 6.5 additional Tonnes of Gold. They talk of contracts with Ernst & Young. Bragging about being the first in the region with SWIFT and that the are internationally compliant. Compliant with international remittances... Well they will need to pay the citizens abroad the HCL( Think Somo [State Organization for Marketing of Oil] ) by such means now won't they? Yep...All in time... imo.
9-10-2018 Intel Guru RayRen98 A BANK SOURCE THINKS WE WILL BE EXCHANGING ON MONDAY, B BANK SOURCE SAYS THEY HAVE NOT HEARD THAT...TIME WILL TELL. THE NEWLY ANNOUNCED E-CARD BY THE CBI "SUPPOSEDLY" WILL HAVE A NEW RATE - TIME WILL TELL.
9-9-2018 Newshound/Intel Guru Mnt Goat 3. Article 140 - this was promised by PM Abadi during the last election of 2014. It was also promised during the 2010 election by Nori al-Maliki and neither delivered on it. This was of course a major blunder on the part of PM Abadi 2014-2018 for, if he did deliver, there would be no further discussions and the Kurds would side with the Sadr Movement as they could then feel they could trust and move forward. So...all three of these needed points are not yet implemented or guaranteed. [post 3 of 3]
9-9-2018 Newshound/Intel Guru Mnt Goat 2. Iraq must now get rid of the Iranian militias and drastically reduce the political influence of the Iran over Iraq, This is a new requirement and should never had been an issue had it not been for the ISIS invasion, which by the way was a way for the Iranian backed puppet Nori al-Maliki to get the Iranian Kud forces inside Iraq...This now stands as a major SECURITY breach by the US on the sovereignty of Iraq. The US will NEVER giver permission to RV with these Iranian forces in place in Iraq especially with the Trump administration; [post 2 of 3....stay tuned]
9-9-2018 Newshound/Intel Guru Mnt Goat ...there are three main issues yet to resolve prior to the RV. 1. HCL - So the HCL law was finally written to satisfaction and passed. There were many parts to it over the years. Now they must pay out a % excess oil revenues to the citizens (a law was passed in parliament...supposed to begin as of Sept 5th). Do they need to pay out prior to the reinstatement permission. YES, YES and YES again. Is this not a constitutional requirement? Well then...??? ; [post 1 of 3....stay tuned]
9-9-2018 Newshound Guru Currency365 Abadi would not have to ask trump for an emergency government if he had listen the first time to Trump...TURN ON YOUR CURRENCY, RELEASE YOUR SMALL NOTES, ADD PURCHASING POWER, AND RELEASE THE OIL REVENUES TO THE CITIZENS, OPEN ALL BUDGETS SINCE 2007, ACTIVATE ALL LAWS!!!
9-9-2018 Intel Guru Frank26 Article: "A "meeting" is expected between "Abadi and Trump" on the 13th of this month" IMO...THERE IS SOMETHING ON TRUMPS DESK .
9-9-2018 Intel Guru Jester [any news to share?] NOT ANYTHING CONCRETE THAT MAKES ANY SENSE... ALTHOUGH THE UNOFFICIAL WORD SEEMS TO INDICATE VERY CLOSE... BUT WE HAVE ALL HEARD THAT BEFORE TOO...I WAS SURPRISED THEY TOLD ME THAT TO TELL YOU THE TRUTH... BUT I AM CAUTIOUSLY OPTIMISTIC... HEARD IT TOO MANY TIMES BEFORE... I NEED TO SEE SOMETHING MOVE.
9-9-2018 Newshound Guru MilitiaMan I personally think not, therefore, the lack of reporting it on the site points to that they wouldn't do that to be misleading. They are not going to publish the program rate, as they have something else in mind imo... We have heard ...they will back date the HCL to a similar time frame of 01/01/2018. We have also been told by WS [Guru Walkingstick] and articles they finished the calculations based off months prior to the End of the 1st Quarter 2018, and they agreed on the HCL in early March 2018, and now 6 months have passed real close and we see them hammering out the Seating of the GOI with the URGING of Al Sistani, The Supreme Shiite Cleric. All very interesting... [post 2 of 2]
9-9-2018 Newshound Guru MilitiaMan Everyone...may have noticed on the BIS website that they quit reporting the Program Rate for the QRTR 1/2018 and QRTR 2/2018...A fresh pattern that shouldn't be overlooked, imo. ...also...they recently paid the COM (Council of Ministers) back pay to 01/01/2018 electronically, and it was mentioned specifically to and with the Kurds in mind that they don't have to tell you any more going forward. It is to be a private matter between the citizens and the banks... Why? One might ask why would they the (BIS) quit reporting the program rate when the track record through QRTR 4/2017 was? Do you think the BIS the granddad of all banks is going to put out data that effectively would be misleading? [post 1 of 2....stay tuned]
9-9-2018 Newshound Guru Don961 A "meeting" is expected between "Abadi and Trump" on the 13th of this month. Article quotes: "Informed sources revealed that Prime Minister Haider Abadi will meet with US President Donald Trump on the 13th of this month." "The source said that "Abadi and Tramb, will gather a meeting, on the 13th of this month, to form a government, after the failure of efforts, to form the largest bloc," adding that "Abadi will meet with senior officials in Washington."
9-9-2018 Newshound/Intel Guru Mnt Goat 2. Iraq must now get rid of the Iranian militias and drastically reduce the political influence of the Iran over Iraq, This is a new requirement and should never had been an issue had it not been for the ISIS invasion, which by the way was a way for the Iranian backed puppet Nori al-Maliki to get the Iranian Kud forces inside Iraq...This now stands as a major SECURITY breach by the US on the sovereignty of Iraq. The US will NEVER giver permission to RV with these Iranian forces in place in Iraq especially with the Trump administration; [post 2 of 3....stay tuned]
9-9-2018 Newshound/Intel Guru Mnt Goat ...there are three main issues yet to resolve prior to the RV. 1. HCL - So the HCL law was finally written to satisfaction and passed. There were many parts to it over the years. Now they must pay out a % excess oil revenues to the citizens (a law was passed in parliament...supposed to begin as of Sept 5th). Do they need to pay out prior to the reinstatement permission. YES, YES and YES again. Is this not a constitutional requirement? Well then...??? ; [post 1 of 3....stay tuned]
9-9-2018 Newshound Guru Currency365 Abadi would not have to ask trump for an emergency government if he had listen the first time to Trump...TURN ON YOUR CURRENCY, RELEASE YOUR SMALL NOTES, ADD PURCHASING POWER, AND RELEASE THE OIL REVENUES TO THE CITIZENS, OPEN ALL BUDGETS SINCE 2007, ACTIVATE ALL LAWS!!!
9-9-2018 Intel Guru Frank26 Article: "A "meeting" is expected between "Abadi and Trump" on the 13th of this month" IMO...THERE IS SOMETHING ON TRUMPS DESK .
9-9-2018 Intel Guru Jester [any news to share?] NOT ANYTHING CONCRETE THAT MAKES ANY SENSE... ALTHOUGH THE UNOFFICIAL WORD SEEMS TO INDICATE VERY CLOSE... BUT WE HAVE ALL HEARD THAT BEFORE TOO...I WAS SURPRISED THEY TOLD ME THAT TO TELL YOU THE TRUTH... BUT I AM CAUTIOUSLY OPTIMISTIC... HEARD IT TOO MANY TIMES BEFORE... I NEED TO SEE SOMETHING MOVE.
9-9-2018 Newshound Guru MilitiaMan I personally think not, therefore, the lack of reporting it on the site points to that they wouldn't do that to be misleading. They are not going to publish the program rate, as they have something else in mind imo... We have heard ...they will back date the HCL to a similar time frame of 01/01/2018. We have also been told by WS [Guru Walkingstick] and articles they finished the calculations based off months prior to the End of the 1st Quarter 2018, and they agreed on the HCL in early March 2018, and now 6 months have passed real close and we see them hammering out the Seating of the GOI with the URGING of Al Sistani, The Supreme Shiite Cleric. All very interesting... [post 2 of 2]
9-9-2018 Newshound Guru MilitiaMan Everyone...may have noticed on the BIS website that they quit reporting the Program Rate for the QRTR 1/2018 and QRTR 2/2018...A fresh pattern that shouldn't be overlooked, imo. ...also...they recently paid the COM (Council of Ministers) back pay to 01/01/2018 electronically, and it was mentioned specifically to and with the Kurds in mind that they don't have to tell you any more going forward. It is to be a private matter between the citizens and the banks... Why? One might ask why would they the (BIS) quit reporting the program rate when the track record through QRTR 4/2017 was? Do you think the BIS the granddad of all banks is going to put out data that effectively would be misleading? [post 1 of 2....stay tuned]
9-9-2018 Newshound Guru Don961 A "meeting" is expected between "Abadi and Trump" on the 13th of this month. Article quotes: "Informed sources revealed that Prime Minister Haider Abadi will meet with US President Donald Trump on the 13th of this month." "The source said that "Abadi and Tramb, will gather a meeting, on the 13th of this month, to form a government, after the failure of efforts, to form the largest bloc," adding that "Abadi will meet with senior officials in Washington."
9-8-2018 Newshound Guru MilitiaMan Article: "Asadi: Current crises end by providing the necessary funds" Quote: "It is also possible to solve some problems by taking advantage of the current financial abundance due to high oil prices," An MP talking about using the 2018 budget to solve problems... Tamimi suggests that anyone saying Iraq has a financial crisis is a liar... Well well, they are now getting on the band wagon.. Imo we will now see more of that, as they’ll want to be on the side of get us our money now... Read HCL... The statement from Sadr he would film the extraordinary session must have worked!! The MPs that hinder the money being electronically given to the people of Iraq now will suffer political consequences and possibly more, especially if they are exposed as Iranian supporters of interference...
9-8-2018 Intel Guru RayRen98 Cleric Sadr called for an emergency meeting for all Parliament members on Saturday to discuss the Basra situation and other matters. He warned that any member not in attendance would be held accountable. The Kurds did not attend the Parliament meeting claiming constitutional concerns. Sadr publicly trashes them on Iraqi TV for not participating in that important session. Iraqi President announces plans for tomorrow's meeting to include naming a new president and a new speaker...hopefully with the attendance of the Kurds. Sadr's comments on TV did not receive a positive reception. [Gee, I wonder why?] lol. A new program and a new national E-Card for citizens was being shared on Iraqi TV by Alaq.
9-8-2018 Intel/Newshound Guru Poppy3 BEEN HERE GOING ON 16 YEARS AND BELIEVE ME OUR GREAT PRESIDENT TRUMP IS PUSHING EVERY BUTTON POSSIBLE TO HELP BRING ABOUT THE DINAR RATE CHANGE. HE IS DOUBLING DOWN AGAINST IRAN AND KNOWS IRAQ WILL DOMINATE THE MIDDLE EAST IN THE FUTURE. RELAX RICH FRIENDS THE RATE IS COMING IN DUE TIME WE WILL BE READY TO CELEBRATE.
9-8-2018 Newshound Guru David M. Witty In Basra Province, Iraq, Basra Operations Command imposes curfew after another evening of major destruction. (In reality, curfew appears impossible to implement). Iraqi Parliament convenes. Heated exchange between PM & Governor of Basra Province. Iraqi Parliament has turned into a shouting match with calls for government to resign. Acting Parliament President having a tough time controlling it.
9-8-2018 Newshound/Intel Guru Mnt Goat ...there is no indication as to how far they must go on this topic of corruption. This is one of the unknowns. But anyone with any common sense can clearly see that at least the GOI and Judiciary must help the CBI clean up this currency auction fraud and manipulation by arresting these individuals who run these phony banks. This recent switch from Us dollars to Euros for trade with Iran will be stopped shortly. This was a mistake by Iraq to do so. But there has to be a solution as Iraq needs the imports to survive and grow its economy. All we can do is sit, wait and watch it all play out. To me what makes the most sense is to reinstate the dinar and thus trade with the dinar. Some say they are using the dinar already in trade with the 1190 rate. This was of course not permissible under sanctions, but the sanctions are relieved and so why has the CBI not yet reinstated the currency? Clearly there is something behind the scenes blocking the reinstatement.
9-8-2018 Intel Guru RayRen98 Cleric Sadr called for an emergency meeting for all Parliament members on Saturday to discuss the Basra situation and other matters. He warned that any member not in attendance would be held accountable. The Kurds did not attend the Parliament meeting claiming constitutional concerns. Sadr publicly trashes them on Iraqi TV for not participating in that important session. Iraqi President announces plans for tomorrow's meeting to include naming a new president and a new speaker...hopefully with the attendance of the Kurds. Sadr's comments on TV did not receive a positive reception. [Gee, I wonder why?] lol. A new program and a new national E-Card for citizens was being shared on Iraqi TV by Alaq.
9-8-2018 Intel/Newshound Guru Poppy3 BEEN HERE GOING ON 16 YEARS AND BELIEVE ME OUR GREAT PRESIDENT TRUMP IS PUSHING EVERY BUTTON POSSIBLE TO HELP BRING ABOUT THE DINAR RATE CHANGE. HE IS DOUBLING DOWN AGAINST IRAN AND KNOWS IRAQ WILL DOMINATE THE MIDDLE EAST IN THE FUTURE. RELAX RICH FRIENDS THE RATE IS COMING IN DUE TIME WE WILL BE READY TO CELEBRATE.
9-8-2018 Newshound Guru David M. Witty In Basra Province, Iraq, Basra Operations Command imposes curfew after another evening of major destruction. (In reality, curfew appears impossible to implement). Iraqi Parliament convenes. Heated exchange between PM & Governor of Basra Province. Iraqi Parliament has turned into a shouting match with calls for government to resign. Acting Parliament President having a tough time controlling it.
9-8-2018 Newshound/Intel Guru Mnt Goat ...there is no indication as to how far they must go on this topic of corruption. This is one of the unknowns. But anyone with any common sense can clearly see that at least the GOI and Judiciary must help the CBI clean up this currency auction fraud and manipulation by arresting these individuals who run these phony banks. This recent switch from Us dollars to Euros for trade with Iran will be stopped shortly. This was a mistake by Iraq to do so. But there has to be a solution as Iraq needs the imports to survive and grow its economy. All we can do is sit, wait and watch it all play out. To me what makes the most sense is to reinstate the dinar and thus trade with the dinar. Some say they are using the dinar already in trade with the 1190 rate. This was of course not permissible under sanctions, but the sanctions are relieved and so why has the CBI not yet reinstated the currency? Clearly there is something behind the scenes blocking the reinstatement.
9-7-2018 Newshound Guru Kathy I know the Kurds are kind of a stumbling block but in the end I cannot see them joining Maliki’s group! They had enough interaction to know Maliki signing any kind of document is totally worthless! Maliki never keeps his word and Ameri is simply an Iranian puppet along with Maliki! What would be the result if the Kurds decided not to join either block? I cannot imagine that would be to their advantage! I think things are going to get real interesting in the near future!
9-7-2018 Newshound Guru Adam Montana ...With that said, I completely reject the idea that the IMF "must" do anything at all to enable, allow, or even encourage Iraq/CBI/GOI/etc to do anything with their currency. They will do what they want, when they want it. Chapter 7 was a big deal. That prohibited them, via the United Nations and more, from making any major changes. Chapter 7 was the ONLY sanction that completely restricted them from RVing, in my opinion. There are other items that needed to be handled in order to make it easier, but even now - without HCL in place - they could still do it today. It's my opinion that it is not likely to happen before the HCL is in place, but they COULD. [post 2 of 2]
9-7-2018 Newshound Guru Adam Montana [Can the Monetary Reform happen before the SBA 2016 agreement with the IMF?...Will the CBI be able to act alone and start the Reform without the IMF's Approval?] In a perfect scenario, the IMF gives the green light, CBI implements the "approved" changes, RV. Let's be real, though... if the CBI wants to go ahead with it, then they will, and what is the IMF going to do - tell them "no, you can't pay X for your Dinar"?? I don't think so...And if the IMF DID do something like that, can you imagine how many institutions around the world would completely REVOLT against the IMF?! It would be absolute chaos! [post 1 of 2....stay tuned]
9-7-2018 Intel Guru Bruce ...it looks like everything is coming together at the last moment, and it is getting down to the wire. We have Iraq still doing their thing. Messing around with their government. Talking about running more stuff through parliament again. ...They are talking about releasing the...Oil and Gas Law...Talking about releasing that in the Gazette on Saturday...What does that mean for our timing? That could trigger what it is we are all waiting for...I have heard people talk about a 5 day window. The window could be literally hours away to a couple of days or maybe it drags out through the weekend. I really believe that. ...I think we are at a really good shape.
9-7-2018 Intel Guru Footforward I still believe and expect the RV to happen. What's been going on hasn't changed my mind. This will come to be...
9-7-2018 Newshound Guru MilitiaMan ...WS [Guru Walkingstick] posted that the COM was paid electronically, and back pay to 01/01/2018. The same was said to have happened for the HCL for the citizens ...we await them to tell us it is fully active. ...The question is, will they leak out the payments of back pay for the Citizens for the HCL? Imo Oh heck yes.. When they do, it will go public by the CBI, GOC or just plain old leakage. Now keep in mind that Sadr has spoken out about the GOI not fulfilling their responsibilities. In fact imo he is saying have them done before Sunday. Start your meetings ASAP, and by the way they are going to be live on camera. Therefore, all the citizens that know your sandbagging and they are not getting paid their do, will be able to watch who is sandbagging them...imo.
[post 2 of 2]
9-7-2018 Newshound Guru MilitiaMan Quote: "The Iraqi National Card is an electronic biometric card issued by the Ministry of Interior from January 1, 2016. It replaced the Nationality Certificate and Civil Identification Document previously issued. In 2018 it will also replace the Residency Card). This card has a high security platform and is connected directly to the Iraqi Civil System" Now I am not sure how many realize just how big this is? It is telling us they are on the 09/05/2018 ready to "LAUNCH" the E-Regulations a form of many forms that are about E-Governance. That includes E-Banking...It will include Citizens, Employees, Businesses, Countries, Constituencies, Democracy, payments, receivables, etc., etc. [post 1 of 2....stay tuned]
9-7-2018 Newshound Guru chattels Much of the recent news highlights the question of whether the rule of law or the rule of men, and which men will it be, is or will be in control in Iraq. These are dangerous times in Iraq. Iraq seems continually to jump from the frying pan into the fire and back again, IMO. It appears that my sense of optimism about the avoidance of quotas and the announcement of a government sooner rather than later in this election cycle was misplaced. The Machiavellian Maliki is very resourceful politically and we should never underestimate him or the capacity of Iraq for self destruction.
9-7-2018 Newshound Guru Adam Montana ...With that said, I completely reject the idea that the IMF "must" do anything at all to enable, allow, or even encourage Iraq/CBI/GOI/etc to do anything with their currency. They will do what they want, when they want it. Chapter 7 was a big deal. That prohibited them, via the United Nations and more, from making any major changes. Chapter 7 was the ONLY sanction that completely restricted them from RVing, in my opinion. There are other items that needed to be handled in order to make it easier, but even now - without HCL in place - they could still do it today. It's my opinion that it is not likely to happen before the HCL is in place, but they COULD. [post 2 of 2]
9-7-2018 Newshound Guru Adam Montana [Can the Monetary Reform happen before the SBA 2016 agreement with the IMF?...Will the CBI be able to act alone and start the Reform without the IMF's Approval?] In a perfect scenario, the IMF gives the green light, CBI implements the "approved" changes, RV. Let's be real, though... if the CBI wants to go ahead with it, then they will, and what is the IMF going to do - tell them "no, you can't pay X for your Dinar"?? I don't think so...And if the IMF DID do something like that, can you imagine how many institutions around the world would completely REVOLT against the IMF?! It would be absolute chaos! [post 1 of 2....stay tuned]
9-7-2018 Intel Guru Bruce ...it looks like everything is coming together at the last moment, and it is getting down to the wire. We have Iraq still doing their thing. Messing around with their government. Talking about running more stuff through parliament again. ...They are talking about releasing the...Oil and Gas Law...Talking about releasing that in the Gazette on Saturday...What does that mean for our timing? That could trigger what it is we are all waiting for...I have heard people talk about a 5 day window. The window could be literally hours away to a couple of days or maybe it drags out through the weekend. I really believe that. ...I think we are at a really good shape.
9-7-2018 Intel Guru Footforward I still believe and expect the RV to happen. What's been going on hasn't changed my mind. This will come to be...
9-7-2018 Newshound Guru MilitiaMan ...WS [Guru Walkingstick] posted that the COM was paid electronically, and back pay to 01/01/2018. The same was said to have happened for the HCL for the citizens ...we await them to tell us it is fully active. ...The question is, will they leak out the payments of back pay for the Citizens for the HCL? Imo Oh heck yes.. When they do, it will go public by the CBI, GOC or just plain old leakage. Now keep in mind that Sadr has spoken out about the GOI not fulfilling their responsibilities. In fact imo he is saying have them done before Sunday. Start your meetings ASAP, and by the way they are going to be live on camera. Therefore, all the citizens that know your sandbagging and they are not getting paid their do, will be able to watch who is sandbagging them...imo.
[post 2 of 2]
9-7-2018 Newshound Guru MilitiaMan Quote: "The Iraqi National Card is an electronic biometric card issued by the Ministry of Interior from January 1, 2016. It replaced the Nationality Certificate and Civil Identification Document previously issued. In 2018 it will also replace the Residency Card). This card has a high security platform and is connected directly to the Iraqi Civil System" Now I am not sure how many realize just how big this is? It is telling us they are on the 09/05/2018 ready to "LAUNCH" the E-Regulations a form of many forms that are about E-Governance. That includes E-Banking...It will include Citizens, Employees, Businesses, Countries, Constituencies, Democracy, payments, receivables, etc., etc. [post 1 of 2....stay tuned]
9-7-2018 Newshound Guru chattels Much of the recent news highlights the question of whether the rule of law or the rule of men, and which men will it be, is or will be in control in Iraq. These are dangerous times in Iraq. Iraq seems continually to jump from the frying pan into the fire and back again, IMO. It appears that my sense of optimism about the avoidance of quotas and the announcement of a government sooner rather than later in this election cycle was misplaced. The Machiavellian Maliki is very resourceful politically and we should never underestimate him or the capacity of Iraq for self destruction.
9-6-2018 Newshound Guru Adam Montana While the GOI formation is dragging on, Abadi continues to be a positive factor. No matter who is “named” the next President, I think he will continue to be a driving force in the next phases of Iraq’s development and return to their former status. Make no mistake about this - Iraq suffered a huge setback with Saddam. They have had a long road to make it this far, and the next steps for them should be pretty apparent to anyone that isn’t a complete pessimist.
9-6-2018 Newshound Guru Bloodloch ...Should the quorum not be reached by al-Sadr's Sunday deadline, he is calling on a one-million citizen demonstration to press the issue. In addition, the current Prime Minister Abadi is promising Anbar's leaders their very own Sunni Army if they stand strong in parliamentary support of the Reform and Reconstruction Bloc. Pretty exciting stuff, eh? Let's see what happens between now and Sunday the 9th. [post 2 of 2]
9-6-2018 Newshound Guru Bloodloch The largest bloc is now called the Reform and Reconstruction Bloc. That bloc contains reportedly 180 members at least, which is enough to achieve the 165 seat threshold for a quorum if they all show up. However, due to the Iraqi Federal Court not yet declaring Reform and Reconstruction as the largest bloc, and lacking the support of the two large Kurdish blocs, they are left with a very thin, 16-seat margin of error to gain a quorum. The clerical leader of Total Reform, Moqtada al-Sadr, has called for an emergency session of parliament between now and this coming Sunday (Sept 9th) for the election of deputies. [post 1 of 2....stay tuned]
9-6-2018 Newshound Guru chattels Article: "Sadr calls for new parliament to convene quickly on Basra" Quote: "We see the disregard by some politicians for what is happening in that troubled province, as they are preoccupied with forming [the largest bloc] that will only be like previous governments and alliances that characterized sectarianism, corruption and injustice." Maliki was quoted yesterday as saying that a "fix" for Basra was readily available. No doubt in an effort to undermine Abadi...
9-6-2018 Newshound/Intel Guru Mnt Goat What is REALLY going on behind the scenes? ...They are stalling to settle which is the largest bloc. To get the largest bloc they must include the Kurds. They will need the Kurds in order to get the needed quorum in parliament to get anything done. ...I expect that if they solve the crisis with Kurdistan and the deadlock for the largest bloc, they will then reconvene in parliament prior to Sept 15th.
9-6-2018 Newshound Guru Adam Montana Getting back to the basics of what makes Iraq a solid candidate for ReValuation, don’t forget that they are RICH with Black Gold… OIL. The world runs on that stuff, Iraq has a ton of it, which means they have intrinsic value that cannot be denied. The CBI has announced that they are also adding to their “other” Gold, to the tune of an additional 6.5 tons. I’ll save you the trouble of doing the math… 6.5 tons = 208,000 ounces. Gold is about $1200 per ounce right now, so that’s a value of $249,600,000. (Obviously a little less due to wholesale value, but it’s a lot of money!) Not too shabby of a report for the day, and it shows increasing strength. Good stuff!
9-6-2018 Newshound Guru Bloodloch ...Should the quorum not be reached by al-Sadr's Sunday deadline, he is calling on a one-million citizen demonstration to press the issue. In addition, the current Prime Minister Abadi is promising Anbar's leaders their very own Sunni Army if they stand strong in parliamentary support of the Reform and Reconstruction Bloc. Pretty exciting stuff, eh? Let's see what happens between now and Sunday the 9th. [post 2 of 2]
9-6-2018 Newshound Guru Bloodloch The largest bloc is now called the Reform and Reconstruction Bloc. That bloc contains reportedly 180 members at least, which is enough to achieve the 165 seat threshold for a quorum if they all show up. However, due to the Iraqi Federal Court not yet declaring Reform and Reconstruction as the largest bloc, and lacking the support of the two large Kurdish blocs, they are left with a very thin, 16-seat margin of error to gain a quorum. The clerical leader of Total Reform, Moqtada al-Sadr, has called for an emergency session of parliament between now and this coming Sunday (Sept 9th) for the election of deputies. [post 1 of 2....stay tuned]
9-6-2018 Newshound Guru chattels Article: "Sadr calls for new parliament to convene quickly on Basra" Quote: "We see the disregard by some politicians for what is happening in that troubled province, as they are preoccupied with forming [the largest bloc] that will only be like previous governments and alliances that characterized sectarianism, corruption and injustice." Maliki was quoted yesterday as saying that a "fix" for Basra was readily available. No doubt in an effort to undermine Abadi...
9-6-2018 Newshound/Intel Guru Mnt Goat What is REALLY going on behind the scenes? ...They are stalling to settle which is the largest bloc. To get the largest bloc they must include the Kurds. They will need the Kurds in order to get the needed quorum in parliament to get anything done. ...I expect that if they solve the crisis with Kurdistan and the deadlock for the largest bloc, they will then reconvene in parliament prior to Sept 15th.
9-6-2018 Newshound Guru Adam Montana Getting back to the basics of what makes Iraq a solid candidate for ReValuation, don’t forget that they are RICH with Black Gold… OIL. The world runs on that stuff, Iraq has a ton of it, which means they have intrinsic value that cannot be denied. The CBI has announced that they are also adding to their “other” Gold, to the tune of an additional 6.5 tons. I’ll save you the trouble of doing the math… 6.5 tons = 208,000 ounces. Gold is about $1200 per ounce right now, so that’s a value of $249,600,000. (Obviously a little less due to wholesale value, but it’s a lot of money!) Not too shabby of a report for the day, and it shows increasing strength. Good stuff!
9-5-2018 Newshound Guru Whitelions ...Don't worry about people falling all over each other trying to get to the banks...less than 1 % of the worlds population holds Dinar outside Iraq except for banks [themselves]...
9-5-2018 Intel Guru RayRen98 A long day of ups and downs but banks say we are back on track...
9-5-2018 Newshound/Intel Guru Mnt Goat We finally see that Iraq is forced to hold the first session but only because of a constitutional requirement. Will they delay it further and can they do so legally now that this first session is held and some of the new MPs are sworn in. Oh – but not all the new MPs are sworn in. They are still missing many from the Kurdistan region and it will be hard to get a quorum without them.
9-5-2018 Newshound Guru Adam Montana Iraq is still plodding through the formation of the new Government. Watching the GOI work could be described as similar to watching grass grow, although with the rain I’m getting right now… I think my lawn would win that race! Something to keep in mind, and this is a good thing - as slow as things seem to be moving, Iraq in general has made light years of progress compared to where they were a decade ago. Their processes are greatly improved. The debates are much more structured, not confused and uncertain as they were 5 or 10 years ago. There is an end in sight, so my point here is simple… don’t lose hope, be patient, and let things happen.
9-5-2018 Intel Guru Bruce Communication from all banks has stopped. ...That is one thing I think is ultimately a good sign, and we do know that the Quantum Financial System was completely hooked up and linked to every bank and central bank and Federal Reserve Bank it needed to be hooked up to. ...We know that President Trump has taken let’s call it firsthand charge of the roll out and initiating what needs to happen with the revaluation... ...I feel that what I have heard was the possibility going at a certain time and I feel that time is close approaching. ...My sources are indicating the Joe Public starts date is going to be September 15, 16, 17 or 18 of this month. So we have some time we will have to go prior to that as the Internet Group or Informed Group. Just to let you know. We should be there I have heard this week. [post 2 of 2]
9-5-2018 Intel Guru Bruce Even though this is much bigger than Iraqi dinar we still have a situation right now where every bank in the world is on pins and needles waiting for the CBI to do their thing which should be to change the rate on the CBI to a reinstated and revalued rate for the Iraqi dinar. The word is once that happens everything is going to tumble like an avalanche for us. So we have every bank in the world it was put this way by someone high up, is just waiting for that to occur. ...we heard at 1105 am this morning EST [Tuesday] all the bank rates on all screens came off. Other words, all the currencies came off the screens at the same time. ...I do know that once the dinar comes back up as a rate that equivalent to the rate on the CBI, we should be good to go. [post 1 of 2....stay tuned]
9-5-2018 Newshound Guru Breitling …I’ve never once heard of the traders in the United States selling counterfeit currency…It’s never been a problem. Maybe in the future it could be a problem…
9-5-2018 Intel Guru Frank26 Article quote: "Parliamentarians and economists and the Iraqi street are expected to sign on September 5, the date of announcing the activation of the law of the National Oil Company, which set 10 percent of the sales of oil to put in special funds for distribution to the Iraqis." They had six months to agree on it now as a government they have to pass it.
9-5-2018 Intel Guru Delta Article quote: "Parliamentarians and economists and the Iraqi street are expected to sign on September 5, the date of announcing the activation of the law of the National Oil Company, which set 10 percent of the sales of oil to put in special funds for distribution to the Iraqis." NOTHING MATTER ANYMORE ...JUST WATCH CBI IT'S COMING...(Big Grin)
9-5-2018 Intel Guru RayRen98 A long day of ups and downs but banks say we are back on track...
9-5-2018 Newshound/Intel Guru Mnt Goat We finally see that Iraq is forced to hold the first session but only because of a constitutional requirement. Will they delay it further and can they do so legally now that this first session is held and some of the new MPs are sworn in. Oh – but not all the new MPs are sworn in. They are still missing many from the Kurdistan region and it will be hard to get a quorum without them.
9-5-2018 Newshound Guru Adam Montana Iraq is still plodding through the formation of the new Government. Watching the GOI work could be described as similar to watching grass grow, although with the rain I’m getting right now… I think my lawn would win that race! Something to keep in mind, and this is a good thing - as slow as things seem to be moving, Iraq in general has made light years of progress compared to where they were a decade ago. Their processes are greatly improved. The debates are much more structured, not confused and uncertain as they were 5 or 10 years ago. There is an end in sight, so my point here is simple… don’t lose hope, be patient, and let things happen.
9-5-2018 Intel Guru Bruce Communication from all banks has stopped. ...That is one thing I think is ultimately a good sign, and we do know that the Quantum Financial System was completely hooked up and linked to every bank and central bank and Federal Reserve Bank it needed to be hooked up to. ...We know that President Trump has taken let’s call it firsthand charge of the roll out and initiating what needs to happen with the revaluation... ...I feel that what I have heard was the possibility going at a certain time and I feel that time is close approaching. ...My sources are indicating the Joe Public starts date is going to be September 15, 16, 17 or 18 of this month. So we have some time we will have to go prior to that as the Internet Group or Informed Group. Just to let you know. We should be there I have heard this week. [post 2 of 2]
9-5-2018 Intel Guru Bruce Even though this is much bigger than Iraqi dinar we still have a situation right now where every bank in the world is on pins and needles waiting for the CBI to do their thing which should be to change the rate on the CBI to a reinstated and revalued rate for the Iraqi dinar. The word is once that happens everything is going to tumble like an avalanche for us. So we have every bank in the world it was put this way by someone high up, is just waiting for that to occur. ...we heard at 1105 am this morning EST [Tuesday] all the bank rates on all screens came off. Other words, all the currencies came off the screens at the same time. ...I do know that once the dinar comes back up as a rate that equivalent to the rate on the CBI, we should be good to go. [post 1 of 2....stay tuned]
9-5-2018 Newshound Guru Breitling …I’ve never once heard of the traders in the United States selling counterfeit currency…It’s never been a problem. Maybe in the future it could be a problem…
9-5-2018 Intel Guru Frank26 Article quote: "Parliamentarians and economists and the Iraqi street are expected to sign on September 5, the date of announcing the activation of the law of the National Oil Company, which set 10 percent of the sales of oil to put in special funds for distribution to the Iraqis." They had six months to agree on it now as a government they have to pass it.
9-5-2018 Intel Guru Delta Article quote: "Parliamentarians and economists and the Iraqi street are expected to sign on September 5, the date of announcing the activation of the law of the National Oil Company, which set 10 percent of the sales of oil to put in special funds for distribution to the Iraqis." NOTHING MATTER ANYMORE ...JUST WATCH CBI IT'S COMING...(Big Grin)
9-4-2018 Intel Guru Frank26 IMO...THE PIN HAS BEEN PULLED ON ECO AND MONETARY REFORMS AND THE GRENADE HAS BEEN THROWN...ALLOW THE EXPLOSION AND SMOKE TO CLEAR... GAME IS ON!!! ...IMO OF COURSE.
9-4-2018 Newshound Guru Kaperoni So the latest news from Iraq is that Parliament suspended it's session today because Maliki is challenging the largest block which probably will end up going to the federal court which is simply stupid because this is just a stall tactic. So we end up with about a 2-week delay reconvening around the 17th of September. Hopefully at that time they start to assemble the cabinet choose a president and subsequent new prime minister within a few weeks thereafter.
9-4-2018 Newshound Guru Walkingstick [via sunny & Manaolana, 8-27-18] The internet was worried about ...Parliament, which Parliament has no part in the Executive Branch, but they will be seated, and it will complete the GOI. But it is the Cabinet, and it is Abadi, as the Prime Minister, that is more important to the reinstatement, than is the Parliament members. Abadi, and his Cabinet is the Executive Branch. ...We also have CBI Board members. ...that is, the core of the monetary reform. That is the core of the reinstatement that we all seek, because the revaluation sits there in the global theater twiddling its thumbs, waiting for it to be reinstated.
9-4-2018 Newshound Guru chattels Article quote: "...the determination of Saturday, September 15, a date for the election of the Speaker of the House of Representatives and his deputies." One last post in an effort to resolve clarify the date(s) of September 15 or 17 for the reconvening of Parliament,...
9-4-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, 2 main Kurdish parties have still not joined any coalition to form new Iraqi government. They await to see if their conditions for joining will me met. In Iraqi election news, Maliki's office denies document from Building Alliance of State of Law & Fatah coalitions nominating him to be new PM. Iraqi Parliament continues to meet today to conduct deliberations but unable to officially convene since only 85 MPs present out of 329. Unable to elect new President of Parliament.
9-4-2018 Newshound/Intel Guru Walkingstick [via sunny & Manaolana, 8-27-18] ...But as you know, there is a suitable environment that the FAB 4 are looking for. This was the private banks understanding that last Saturday they would reinstate. IMO, what is happening with Iran was a blind-side to the reinstatement of last Saturday, causing Alak, and Abadi, and the FAB 4 to continue the process. ...They did not act upon the reinstatement...just yet. It was quite a knee-jerk, but not yet! But IMO...due to the United States Treasury, this situation with Iran is under much better control now. ...It was a bit of a hiccup, but no longer. [post 2 of 2]
9-4-2018 Newshound/Intel Guru Walkingstick [via sunny, from 8-27-18] The United States Treasury, is now ready to sanction not just Iran, but also Iraq. There are 6-8 Iraqi banks under suspicion of funneling money through the auctions to Iran...So these banks that are under suspicion of funneling money through the auctions, they are being dealt with right now by the United States Treasury. You must suspend the auctions. ...The talk within the circle, of not only the CBI of Iraq, and all the private banks is that, and not only the talk, but their understanding within the CBI, and within the banks in Iraq, they will be getting an official nod of when to prepare for the reinstatement... [post 1 of 2....stay tuned]
9-4-2018 Newshound Guru Kaperoni So the latest news from Iraq is that Parliament suspended it's session today because Maliki is challenging the largest block which probably will end up going to the federal court which is simply stupid because this is just a stall tactic. So we end up with about a 2-week delay reconvening around the 17th of September. Hopefully at that time they start to assemble the cabinet choose a president and subsequent new prime minister within a few weeks thereafter.
9-4-2018 Newshound Guru Walkingstick [via sunny & Manaolana, 8-27-18] The internet was worried about ...Parliament, which Parliament has no part in the Executive Branch, but they will be seated, and it will complete the GOI. But it is the Cabinet, and it is Abadi, as the Prime Minister, that is more important to the reinstatement, than is the Parliament members. Abadi, and his Cabinet is the Executive Branch. ...We also have CBI Board members. ...that is, the core of the monetary reform. That is the core of the reinstatement that we all seek, because the revaluation sits there in the global theater twiddling its thumbs, waiting for it to be reinstated.
9-4-2018 Newshound Guru chattels Article quote: "...the determination of Saturday, September 15, a date for the election of the Speaker of the House of Representatives and his deputies." One last post in an effort to resolve clarify the date(s) of September 15 or 17 for the reconvening of Parliament,...
9-4-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, 2 main Kurdish parties have still not joined any coalition to form new Iraqi government. They await to see if their conditions for joining will me met. In Iraqi election news, Maliki's office denies document from Building Alliance of State of Law & Fatah coalitions nominating him to be new PM. Iraqi Parliament continues to meet today to conduct deliberations but unable to officially convene since only 85 MPs present out of 329. Unable to elect new President of Parliament.
9-4-2018 Newshound/Intel Guru Walkingstick [via sunny & Manaolana, 8-27-18] ...But as you know, there is a suitable environment that the FAB 4 are looking for. This was the private banks understanding that last Saturday they would reinstate. IMO, what is happening with Iran was a blind-side to the reinstatement of last Saturday, causing Alak, and Abadi, and the FAB 4 to continue the process. ...They did not act upon the reinstatement...just yet. It was quite a knee-jerk, but not yet! But IMO...due to the United States Treasury, this situation with Iran is under much better control now. ...It was a bit of a hiccup, but no longer. [post 2 of 2]
9-4-2018 Newshound/Intel Guru Walkingstick [via sunny, from 8-27-18] The United States Treasury, is now ready to sanction not just Iran, but also Iraq. There are 6-8 Iraqi banks under suspicion of funneling money through the auctions to Iran...So these banks that are under suspicion of funneling money through the auctions, they are being dealt with right now by the United States Treasury. You must suspend the auctions. ...The talk within the circle, of not only the CBI of Iraq, and all the private banks is that, and not only the talk, but their understanding within the CBI, and within the banks in Iraq, they will be getting an official nod of when to prepare for the reinstatement... [post 1 of 2....stay tuned]
9-3-2018 Newshound Guru Kaperoni Abadi addressed the new parliament today stating clearly the next government is responsible for economic reforms. It will take 2-3 months to get new GOI in place. Its coming.
9-3-2018 Newshound/Intel Guru BGG Article: "Baghdad, al Sadr populists and premier Abadi allies form new government" Quote: "Sixteen Iraqi political movements and parties, including the populist list of radical Shiite leader Moqtada al-Sadr – winner of last May’s election – and the faction of outgoing prime minister Haider al-Abadi, will give life to the most important parliamentary block. The agreement, reached late yesterday evening, will guarantee its signatories the possibility to start work on the formation of the new government." Wow – I was suspicious this might happen. While Barzani was crowing about being closer to Maliki, Sadr and Abadi did it without them. 177 deputies and no mention of the Kurds. Now, something to watch is these upcoming KRG (regional) elections in September, not that it means much (or anything) to the currency investment…
9-3-2018 Intel Guru RayRen98 The new parliament is now active and we are waiting for nominations.
9-3-2018 Intel Guru Frank26 [i get the impression you are almost seeing the finish line of the long journey... Hard not to be excited about the coming week...] WITHOUT FURTHER OPINION FROM MY PART...THE FINISH LINE...IS IN MY REAR VIEW MIRROR!!!
9-3-2018 Newshound Guru Currency365 AS LONG AS YOU HAVE 165+ MEMBERS YOU CAN VOTE LAWS AND MAKE DECISIONS AND HOLD SESSIONS...THESE CORRUPT PEOPLE ARE JUST ANGRY THEY LOST POWER...(parliament session suspended for one hour, as Hadi al-Amiri's Fatih & Nouri al-Maliki's State of Law walk out with KDP and PUK) Hopefully the kurds make a decision Tuesday so parliament can move on, either way Sadr, Abadi, Allawi, Hakim etc have over 165 MP's on they squad so they can get a majority vote on all things. Would be nice to see the whole Gov't work together but if they can't it doesn't matter.
9-3-2018 Newshound Guru Breitling “...The Iranian strategy is to inject a large counterfeit Iraqi currency into Iraqi markets…”…So what are they doing? They are trying to shake the confidence of the Iraqi dinar so the locals in Iraq will use more US dollars so Iran can use that backdoor market …So that’s Iran’s access to US dollars. “If Iraqi can’t cope with the smuggling of fake Iraqi dinars into it’s territory this strategy will force the CBI to pump double amounts of dollars into the country’s markets to preserve the value of the local currency…” there’s another way to counter that. And that’s to add value to the Iraqi dinar…if people are using the Iraqi dinar you don’t need to change the liquidity of the dollar in the economy do you?…the only way to protect the Iraqi dinar is to add value to it……this is going to happen. This is going to revalue. You just need to be prepared… [Post 2 of 2]
9-3-2018 Newshound Guru Breitling Iran’s GDP has everything to do with what’s going on with Iraq. Iran’s GDP is 439 Billion…There are 14 states in this country that have a larger GDP than the country of Iran…and now it’s tanking…Iran is looking at Iraq as a source of dollars…now this isn’t going to stop the revaluation of the Iraqi dinar. If anything, it will push it forward. Article “Iraqi official have revealed that Iran is pursuing a new strategy to supply the US dollar needs by working to reduce the Iraqi dinar exchange rate. Iran faces major difficulties in obtaining the dollar”… [If] You get out of the US dollar, you’re in trouble. [if] You also get out of the US banking system and you’re in Venezuela mode… [Post 1 of 2...stay tuned]
9-3-2018 Newshound/Intel Guru David M. Witty Iraqi PM sends request to Parliament asking to confirm which Coalition has the majority needed to form new government. New Iraqi Parliament seated, along with full orchestra to play national anthem. ...Which coalition will form new government still unclear.
9-3-2018 Newshound Guru Walkingstick Article quote: “Legal : It is not permissible to extend the period specified by the Constitution for the convening of the first parliament session” Yep... Also, their Federal court ruling of 2010, states... they can not leave the first session of parliament open, nor can they take their oath and break quorum per a federal court ruling in 2014 ....
9-3-2018 Newshound Guru Kaperoni Several reports are being posted now that the largest bloc has been formed for tomorrow's [Monday's] parliamentary session stay tuned!
9-3-2018 Newshound/Intel Guru BGG Article: "Baghdad, al Sadr populists and premier Abadi allies form new government" Quote: "Sixteen Iraqi political movements and parties, including the populist list of radical Shiite leader Moqtada al-Sadr – winner of last May’s election – and the faction of outgoing prime minister Haider al-Abadi, will give life to the most important parliamentary block. The agreement, reached late yesterday evening, will guarantee its signatories the possibility to start work on the formation of the new government." Wow – I was suspicious this might happen. While Barzani was crowing about being closer to Maliki, Sadr and Abadi did it without them. 177 deputies and no mention of the Kurds. Now, something to watch is these upcoming KRG (regional) elections in September, not that it means much (or anything) to the currency investment…
9-3-2018 Intel Guru RayRen98 The new parliament is now active and we are waiting for nominations.
9-3-2018 Intel Guru Frank26 [i get the impression you are almost seeing the finish line of the long journey... Hard not to be excited about the coming week...] WITHOUT FURTHER OPINION FROM MY PART...THE FINISH LINE...IS IN MY REAR VIEW MIRROR!!!
9-3-2018 Newshound Guru Currency365 AS LONG AS YOU HAVE 165+ MEMBERS YOU CAN VOTE LAWS AND MAKE DECISIONS AND HOLD SESSIONS...THESE CORRUPT PEOPLE ARE JUST ANGRY THEY LOST POWER...(parliament session suspended for one hour, as Hadi al-Amiri's Fatih & Nouri al-Maliki's State of Law walk out with KDP and PUK) Hopefully the kurds make a decision Tuesday so parliament can move on, either way Sadr, Abadi, Allawi, Hakim etc have over 165 MP's on they squad so they can get a majority vote on all things. Would be nice to see the whole Gov't work together but if they can't it doesn't matter.
9-3-2018 Newshound Guru Breitling “...The Iranian strategy is to inject a large counterfeit Iraqi currency into Iraqi markets…”…So what are they doing? They are trying to shake the confidence of the Iraqi dinar so the locals in Iraq will use more US dollars so Iran can use that backdoor market …So that’s Iran’s access to US dollars. “If Iraqi can’t cope with the smuggling of fake Iraqi dinars into it’s territory this strategy will force the CBI to pump double amounts of dollars into the country’s markets to preserve the value of the local currency…” there’s another way to counter that. And that’s to add value to the Iraqi dinar…if people are using the Iraqi dinar you don’t need to change the liquidity of the dollar in the economy do you?…the only way to protect the Iraqi dinar is to add value to it……this is going to happen. This is going to revalue. You just need to be prepared… [Post 2 of 2]
9-3-2018 Newshound Guru Breitling Iran’s GDP has everything to do with what’s going on with Iraq. Iran’s GDP is 439 Billion…There are 14 states in this country that have a larger GDP than the country of Iran…and now it’s tanking…Iran is looking at Iraq as a source of dollars…now this isn’t going to stop the revaluation of the Iraqi dinar. If anything, it will push it forward. Article “Iraqi official have revealed that Iran is pursuing a new strategy to supply the US dollar needs by working to reduce the Iraqi dinar exchange rate. Iran faces major difficulties in obtaining the dollar”… [If] You get out of the US dollar, you’re in trouble. [if] You also get out of the US banking system and you’re in Venezuela mode… [Post 1 of 2...stay tuned]
9-3-2018 Newshound/Intel Guru David M. Witty Iraqi PM sends request to Parliament asking to confirm which Coalition has the majority needed to form new government. New Iraqi Parliament seated, along with full orchestra to play national anthem. ...Which coalition will form new government still unclear.
9-3-2018 Newshound Guru Walkingstick Article quote: “Legal : It is not permissible to extend the period specified by the Constitution for the convening of the first parliament session” Yep... Also, their Federal court ruling of 2010, states... they can not leave the first session of parliament open, nor can they take their oath and break quorum per a federal court ruling in 2014 ....
9-3-2018 Newshound Guru Kaperoni Several reports are being posted now that the largest bloc has been formed for tomorrow's [Monday's] parliamentary session stay tuned!
9-2-2018 Newshound Guru MilitiaMan Article: “Abadi: We will not risk the interests of our people to please Iran or any other country” Lets not forget that Abadi has been looking to move the ball forward for the people and that includes the Kurds. One of the SBA agreements with the IMF is in regard to the Budget and the Kurds getting a fair share of it and with combining Baghdad and Erbil into one budget, imo. Well the SBA was/is a tool for giving investors security that is derived from the SBA with the IMF.. The IMF brings clout to the region. They held off in 2018 so far, as they were awaiting the elections and to seat the gov. Well now we know that is slated for tomorrow. ...the talk of paying the Kurds monthly and electronically suggests they have a number in mind for the budget already.. imo
9-2-2018 Newshound Guru Currency365 BREAKING: Sadr & Abadi alliance form largest parliamentary bloc after striking deal with Sunni National Axis Alliance ...
9-2-2018 Newshound Guru chattels Quote: "Sadr-Abadi bloc announces formation of Iraq’s largest parliamentary bloc" According to Iraq’s state news agency, the alliance includes 177 lawmakers from 16 different lists to unite in Iraq’s 329-seat chamber. The breakthrough came when the Sunni National Axis Alliance agreed to join the bloc. The Kurdistan Democratic Party (KDP) and Patriotic Union of Kurdistan (PUK) are not currently part of the bloc. If true then the bloc has 12 supporters more than needed.
9-2-2018 Newshound Gurus Bloodloch and Kathy Article: "Sadr-Abadi bloc announces formation of Iraq’s largest parliamentary bloc" Quote: "Muqtada al-Sadr’s Sayirun, Haider al-Abadi’s Nasr (Victory), and fourteen other political groups have announced the formation of the biggest parliamentary bloc capable of forming Iraq’s next government." And then there were 177, well over the 165 threshold for control of government formation. Looking forward to tomorrow's (Monday) Session of Parliament. This is awesome!
9-2-2018 Newshound Guru Don961 Article: "Legal : It is not permissible to extend the period specified by the Constitution for the convening of the first parliament session" So...the opening session must go on tomorrow by law...to swear in newbies, etc...but if there is a quorum, the eldest MP, who opens the show , can ask for a vote on a 15-day extension to allow the blocs more time (15 days) to agree on candidates for a new President and Vice-Presidents of the House, etc...then the other 2 can be worked on... President of the Republic and PM...by the majority bloc...to round out the 3 Presidencies of the GOI...imo.
9-2-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, Maliki says he will not accept nomination to be new PM. Says he made this promise many years ago & is bound to it.
9-2-2018 Newshound Guru chattels Neither of the two main coalitions have a majority at this time. Both the Sunni and Kurds appear to be trying to leverage their support for various concessions from both coalitions. It may be weeks or months before the outcome is determined. The ultimate question /concern is whether either coalition will enable our liquidity event. We wait, watch and wonder which or whether either "winning" bloc will make a wit of difference in what we wish for.
9-2-2018 Newshound Guru MilitiaMan As noted, they are excluding banks and financial transfer companies to sell the Dollar, thus, one might ask who gets remittances and or credits and for what purposes and in relatively large amounts? Contractors, etc.? Sure they fit, and as we know and we have been told the Auctions will cease to exist, as we have previously been used to. This surely looks to now break that pattern and apparently suggests they stopped banks and financial transfer companies from selling the Dollar.. Or more simply may just have ceased the auctions like we have been waiting for... They in recent past were using the money to boost banks balance sheets abroad.. Not the case here.... We shall see. [post 2 of 2]
9-2-2018 Newshound Guru MilitiaMan Article: "Central announces the sale of more than 174 million dollars through the auction" I would like to point out that the above appears to be telling us they held a special auction ...[Friday]. I am no expert on the auctions be sure. But, the pattern we have witnessed from time back...shows a clear pattern change to that of the above. First...they did one...on a holy day... Not normal behavior, from what I recall. They are in line with talking about foreign currencies... But, the above imo is excluding the USD and in fact they are not talking physical currency for the most part, as the largest portion is in the form of remittances and credits the other is in foreign currencies, i.e., electronically. Well with sanctions being imposed on Iran using the dollar, we can see they are curtailing the ability for that to happen as Abadi has been clear on the matter. However, they appear to still be buying and selling other Foreign Currencies and possibly within the local region. [post 1 of 2....stay tuned]
9-2-2018 Newshound Guru Currency365 BREAKING: Sadr & Abadi alliance form largest parliamentary bloc after striking deal with Sunni National Axis Alliance ...
9-2-2018 Newshound Guru chattels Quote: "Sadr-Abadi bloc announces formation of Iraq’s largest parliamentary bloc" According to Iraq’s state news agency, the alliance includes 177 lawmakers from 16 different lists to unite in Iraq’s 329-seat chamber. The breakthrough came when the Sunni National Axis Alliance agreed to join the bloc. The Kurdistan Democratic Party (KDP) and Patriotic Union of Kurdistan (PUK) are not currently part of the bloc. If true then the bloc has 12 supporters more than needed.
9-2-2018 Newshound Gurus Bloodloch and Kathy Article: "Sadr-Abadi bloc announces formation of Iraq’s largest parliamentary bloc" Quote: "Muqtada al-Sadr’s Sayirun, Haider al-Abadi’s Nasr (Victory), and fourteen other political groups have announced the formation of the biggest parliamentary bloc capable of forming Iraq’s next government." And then there were 177, well over the 165 threshold for control of government formation. Looking forward to tomorrow's (Monday) Session of Parliament. This is awesome!
9-2-2018 Newshound Guru Don961 Article: "Legal : It is not permissible to extend the period specified by the Constitution for the convening of the first parliament session" So...the opening session must go on tomorrow by law...to swear in newbies, etc...but if there is a quorum, the eldest MP, who opens the show , can ask for a vote on a 15-day extension to allow the blocs more time (15 days) to agree on candidates for a new President and Vice-Presidents of the House, etc...then the other 2 can be worked on... President of the Republic and PM...by the majority bloc...to round out the 3 Presidencies of the GOI...imo.
9-2-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, Maliki says he will not accept nomination to be new PM. Says he made this promise many years ago & is bound to it.
9-2-2018 Newshound Guru chattels Neither of the two main coalitions have a majority at this time. Both the Sunni and Kurds appear to be trying to leverage their support for various concessions from both coalitions. It may be weeks or months before the outcome is determined. The ultimate question /concern is whether either coalition will enable our liquidity event. We wait, watch and wonder which or whether either "winning" bloc will make a wit of difference in what we wish for.
9-2-2018 Newshound Guru MilitiaMan As noted, they are excluding banks and financial transfer companies to sell the Dollar, thus, one might ask who gets remittances and or credits and for what purposes and in relatively large amounts? Contractors, etc.? Sure they fit, and as we know and we have been told the Auctions will cease to exist, as we have previously been used to. This surely looks to now break that pattern and apparently suggests they stopped banks and financial transfer companies from selling the Dollar.. Or more simply may just have ceased the auctions like we have been waiting for... They in recent past were using the money to boost banks balance sheets abroad.. Not the case here.... We shall see. [post 2 of 2]
9-2-2018 Newshound Guru MilitiaMan Article: "Central announces the sale of more than 174 million dollars through the auction" I would like to point out that the above appears to be telling us they held a special auction ...[Friday]. I am no expert on the auctions be sure. But, the pattern we have witnessed from time back...shows a clear pattern change to that of the above. First...they did one...on a holy day... Not normal behavior, from what I recall. They are in line with talking about foreign currencies... But, the above imo is excluding the USD and in fact they are not talking physical currency for the most part, as the largest portion is in the form of remittances and credits the other is in foreign currencies, i.e., electronically. Well with sanctions being imposed on Iran using the dollar, we can see they are curtailing the ability for that to happen as Abadi has been clear on the matter. However, they appear to still be buying and selling other Foreign Currencies and possibly within the local region. [post 1 of 2....stay tuned]
9-1-2018 Newshound/Intel Guru Mnt Goat Article: "DUE TO THE ABSENCE OF A POLITICAL AGREEMENTS THE FIRST PARLIAMENT SESSION COULD BE POSTPONED TO SEPTEMBER 15 DUE TO POLITICAL DIFFERENCES" Just got word that they may postpone the first session until Sept 15th...It appears maybe this ongoing elections saga is NOT yet over…
9-1-2018 Newshound Guru Adam Montana [...if the current leader doesn’t stay in...who is waiting in the wings and how’s it looking (in your opinion) if they take the reins in Iraq?] I have a long list of potential government structures, with quite a few variations regarding the "who's who" and "where they are" on the totem pole over there... all of my possibilities that I've drawn up seem fine to me. The ONLY scenario that I would cringe at is if Maliki somehow took over Abadi's current role... that would be a serious setback of at least a couple years, IMO. I don't see that happening... If it doesn't, then I think we're going to be in good hands.
9-1-2018 Intel Guru ADMINBILL NEWS AND INFORMATION REMAINS POSITIVE...We are in a great window of opportunity. A three day weekend is upon.
9-1-2018 Newshound Guru Breitling …There is nothing that has pushed the ability for the Iraqi dinar to revalue more than Trump’s energy plans. Because it puts Iraq in a position that they have to add value to their currency to participate internationally…in the end it all narrows down to energy and 90% of Iraq’s economy is based on energy. This is why Iraq is going to have to react to the market…the market IS the sanctions on Russia. The market IS the tariffs on China. The market IS the sanctions and tariffs on Iran. So those are the engine of the market. And that’s how you can anticipate what’s going on.
9-1-2018 Newshound/Intel Guru Mnt Goat Article: "STRUCTURAL AND TECHNICAL DEVELOPMENTS CARRIED OUT BY THE CBI (2016-2017) CONTRIBUTED TO THE EMERGENCE OF PROMINENT FEATURES TO ACHIEVE FINANCIAL AND MONETARY STABILITY" Okay you heard it from the CBI itself. They have achieved this needed FINANCIAL AND MONITARY STABILITY. So we are hearing all they now need is the POLITICAL STABILITY (completion of the election saga) and they are going to pop this reinstatement.
9-1-2018 Newshound Guru Kaperoni [Is it true the meeting that was set for this weekend may be delayed till the 15th now?] Constitution requires the first session to be held within 10 days of Supreme Court ratification of election results. That day is Sept 4.
9-1-2018 Newshound Guru Adam Montana [...if the current leader doesn’t stay in...who is waiting in the wings and how’s it looking (in your opinion) if they take the reins in Iraq?] I have a long list of potential government structures, with quite a few variations regarding the "who's who" and "where they are" on the totem pole over there... all of my possibilities that I've drawn up seem fine to me. The ONLY scenario that I would cringe at is if Maliki somehow took over Abadi's current role... that would be a serious setback of at least a couple years, IMO. I don't see that happening... If it doesn't, then I think we're going to be in good hands.
9-1-2018 Intel Guru ADMINBILL NEWS AND INFORMATION REMAINS POSITIVE...We are in a great window of opportunity. A three day weekend is upon.
9-1-2018 Newshound Guru Breitling …There is nothing that has pushed the ability for the Iraqi dinar to revalue more than Trump’s energy plans. Because it puts Iraq in a position that they have to add value to their currency to participate internationally…in the end it all narrows down to energy and 90% of Iraq’s economy is based on energy. This is why Iraq is going to have to react to the market…the market IS the sanctions on Russia. The market IS the tariffs on China. The market IS the sanctions and tariffs on Iran. So those are the engine of the market. And that’s how you can anticipate what’s going on.
9-1-2018 Newshound/Intel Guru Mnt Goat Article: "STRUCTURAL AND TECHNICAL DEVELOPMENTS CARRIED OUT BY THE CBI (2016-2017) CONTRIBUTED TO THE EMERGENCE OF PROMINENT FEATURES TO ACHIEVE FINANCIAL AND MONETARY STABILITY" Okay you heard it from the CBI itself. They have achieved this needed FINANCIAL AND MONITARY STABILITY. So we are hearing all they now need is the POLITICAL STABILITY (completion of the election saga) and they are going to pop this reinstatement.
9-1-2018 Newshound Guru Kaperoni [Is it true the meeting that was set for this weekend may be delayed till the 15th now?] Constitution requires the first session to be held within 10 days of Supreme Court ratification of election results. That day is Sept 4.
8-31-2018 Newshound Guru Adam Montana [...tell me what do you really think the value will be once this is RV...] I've been a long time supporter of a .10 RV.
8-31-2018 Intel Gurus Frank26 and Delta Iraq new 500-dinar note with Kurdish confirmed. [SO WHY CBI IS GOING TO INTRODUCE MORE 500...IF ALREADY DID A LOT OF THEM ON 2016.] CAUSE THE NEWER ONES HAVE THE SECURITY FEATURES ON THEM VERSES THE OLD ONES AND...TO TRACK EVERY DINAR IN THE WORLD. (big grin)
8-31-2018 Newshound Guru Don961 Article: "Advisor To The Prime Minister For Finance To Imn: Iraq's Financial Coffers Increased To $ 58 Billion" Quote: "monetary policy more transparent than fiscal policy," noting that "the economy's economy created a convergence between the financial and monetary policies." Hmmm...converging of financial and monetary policies hey Mr. Saleh...what are you trying to tell us...is converging exchange rates next?
8-31-2018 Newshound Guru MilitiaMan Quote: "...We welcome the existence of any cooperation between us and neighboring countries in the field of local currencies..." ...in fact it is a kind gesture to be so considerate at this juncture, as to almost tip his hand on what is effectively going to happen in the short term. If there were not a need to mention currencies, why do so? He wouldn't, he would if there is an all likelihood a big change or differential in currencies to come and soon, that is why.. Imo..
8-31-2018 Newshound Guru Adam Montana [When the elections will be really over? And the new PM will be announce? They are dragging and dragging the process.] Actually, they are moving faster than they have in previous situations. I'm optimistic over their constant improvements in their political processes - it would have been nice to cash in already, but it would not be nice to have them not making improvements. Patience and a little bit of faith... sometimes both come in handy.
8-31-2018 Newshound Guru Don961 Article: "Dagher: $ 58.7 billion in Iraq's hard currency reserves and 89 tons of gold" Quote: "...And the deletion of the three zeros of the Iraqi currency, he replied Dagher that "this issue purely technical and has nothing to do with the rise or fall of prices, and we are in the form of coins in our future projects, although it is high cost, but it is longer in circulation..." cool...telling the citizens and the world , deleting the 3 zeroes ain't no thang...doesn't reduce purchasing power or cause inflation in market prices...merely a technicality just replacing the big notes with more manageable numbers to use in the marketplace...and adding coins ...even though they cost more to mint...they will last longer in circulation...imo.
8-31-2018 Intel Guru Bruce [via Pinkroses] ...what is going on in Iraq...there is a super freighter...full of goods from China...They are waiting for the Bill of Lading...in conjunction of payment coming from newly revalued new Iraqi dinar at midnight...Friday night. The other thing we are hearing that the new Qi cards have been issued throughout the citizens of Iraq. Those will be activated on Tuesday. They will be available to be utilized and paid the oil revenues that are paid to the citizens, a certain percentage. I believe those payments will be available after those cards are activated which will be September 5th, Wednesday. ...The 1st is...Saturday and we are hearing we supposed to wrap this thing up at the end of the month which is tomorrow [Friday]. It is still quite possible that will happen... there is an off chance, possibility that we could get started over the weekend. We are right down to the wire.
8-31-2018 Newshound/Intel Guru BGG Where are we with this investment? ...Here are some thoughts on the current situation... So many say the politics don’t matter to the currency. This isn’t exactly accurate. The politics impact the economy… Iraq’s currency is, by many astute accounts, “grossly undervalued”. A basic definition of currency? It is a promissory note on the underlying economy of the country. I am assuming any governing body with say in this matter is going to refrain until the results are final and a government transition is made or is being made. Just my thinking. How is this formation coming along? There are now two main groups competing for the chance to form the next GOI…
8-31-2018 Intel Gurus Frank26 and Delta Iraq new 500-dinar note with Kurdish confirmed. [SO WHY CBI IS GOING TO INTRODUCE MORE 500...IF ALREADY DID A LOT OF THEM ON 2016.] CAUSE THE NEWER ONES HAVE THE SECURITY FEATURES ON THEM VERSES THE OLD ONES AND...TO TRACK EVERY DINAR IN THE WORLD. (big grin)
8-31-2018 Newshound Guru Don961 Article: "Advisor To The Prime Minister For Finance To Imn: Iraq's Financial Coffers Increased To $ 58 Billion" Quote: "monetary policy more transparent than fiscal policy," noting that "the economy's economy created a convergence between the financial and monetary policies." Hmmm...converging of financial and monetary policies hey Mr. Saleh...what are you trying to tell us...is converging exchange rates next?
8-31-2018 Newshound Guru MilitiaMan Quote: "...We welcome the existence of any cooperation between us and neighboring countries in the field of local currencies..." ...in fact it is a kind gesture to be so considerate at this juncture, as to almost tip his hand on what is effectively going to happen in the short term. If there were not a need to mention currencies, why do so? He wouldn't, he would if there is an all likelihood a big change or differential in currencies to come and soon, that is why.. Imo..
8-31-2018 Newshound Guru Adam Montana [When the elections will be really over? And the new PM will be announce? They are dragging and dragging the process.] Actually, they are moving faster than they have in previous situations. I'm optimistic over their constant improvements in their political processes - it would have been nice to cash in already, but it would not be nice to have them not making improvements. Patience and a little bit of faith... sometimes both come in handy.
8-31-2018 Newshound Guru Don961 Article: "Dagher: $ 58.7 billion in Iraq's hard currency reserves and 89 tons of gold" Quote: "...And the deletion of the three zeros of the Iraqi currency, he replied Dagher that "this issue purely technical and has nothing to do with the rise or fall of prices, and we are in the form of coins in our future projects, although it is high cost, but it is longer in circulation..." cool...telling the citizens and the world , deleting the 3 zeroes ain't no thang...doesn't reduce purchasing power or cause inflation in market prices...merely a technicality just replacing the big notes with more manageable numbers to use in the marketplace...and adding coins ...even though they cost more to mint...they will last longer in circulation...imo.
8-31-2018 Intel Guru Bruce [via Pinkroses] ...what is going on in Iraq...there is a super freighter...full of goods from China...They are waiting for the Bill of Lading...in conjunction of payment coming from newly revalued new Iraqi dinar at midnight...Friday night. The other thing we are hearing that the new Qi cards have been issued throughout the citizens of Iraq. Those will be activated on Tuesday. They will be available to be utilized and paid the oil revenues that are paid to the citizens, a certain percentage. I believe those payments will be available after those cards are activated which will be September 5th, Wednesday. ...The 1st is...Saturday and we are hearing we supposed to wrap this thing up at the end of the month which is tomorrow [Friday]. It is still quite possible that will happen... there is an off chance, possibility that we could get started over the weekend. We are right down to the wire.
8-31-2018 Newshound/Intel Guru BGG Where are we with this investment? ...Here are some thoughts on the current situation... So many say the politics don’t matter to the currency. This isn’t exactly accurate. The politics impact the economy… Iraq’s currency is, by many astute accounts, “grossly undervalued”. A basic definition of currency? It is a promissory note on the underlying economy of the country. I am assuming any governing body with say in this matter is going to refrain until the results are final and a government transition is made or is being made. Just my thinking. How is this formation coming along? There are now two main groups competing for the chance to form the next GOI…
8-30-2018 Newshound Guru Bloodloch With the larger 4 axis alliances of Saron (Sadr), Victory (Abadi), Wisdom (Hakim), and National (Allawi) totaling 136 seats BEFORE adding in the 2 largest Kurd alliances -- and the 2 opposing axis of Ameri and Malaki totaling 131 AFTER adding in an ALL Kurdish alliances, which is unlikely -- the Ameri and Maliki axis would still need to run the board of almost all remaining alliances to gain the 165 needed for control of government formation. The Kurds are wielding great influence right now and are likely playing brinksmanship to get a larger piece of pie at the table, or at least the 17% of the HCL they were Constitutionally promised. [post 2 of 2]
8-30-2018 Newshound Guru Bloodloch ...the Kurds would never join with Ameri and Malaki, but even if every single Kurd faction joined them, they would have just 131 seats give or take a seat after the recount, leaving them 34 seats short of the 165 they would need to dictate the formation of the new government. And while there are some Iran-friendly factions, it's also hard to imagine that Najafi would throw his 14 seats their way. [post 1 of 2....stay tuned]
8-30-2018 Intel Guru Frank26 ANOTHER COLOSSAL LEAK ...BUT THIS TIME FROM ...ABADI!!!...THAT IS A FIRST ...IMO...HE TELLS THE CITIZENS AS THE GLOBAL INVESTING COMMUNITY WATCHES ...THAT HE IS GOING TO DO MANY THINGS FOR IRAQ AND CITIZENS ...THEN!!!...HE TELLS THE GLOBAL INVESTING WORLD THAT HE ALSO WELCOMES THEM AND WILL USE OUR IRAQ'S DINAR... CURRENCY...WITH THEM!!!...BUT RIGHT NOW THEY CAN NOT...LOL...HE IS TELEGRAPHING TO THEM THAT SOON THE DINAR CURRENCY WILL BE...WAIT FOR IT...WAIT LOL...INTERNATIONAL!!!
8-30-2018 Newshound Guru Currency365 Iraq has no option but release small notes & release purchasing power or Iran will bankrupt them with fake IQD cause Iran needs USD badly to survive...Trump set Nov 4th as the date all Allies must stop oil imports to Iran...IRAQ MUST PROTECT THEMSELVES & THEIR ECONOMY...
8-30-2018 Newshound/Intel Guru BGG [reference Guru Kaperoni post 8-29-2018, "In typical Iraqi fashion...] The new GOI being formed matters. Our main difference – I am more optimistic on the GOI formation timeline.
8-30-2018 Newshound/Intel Guru Mnt Goat ...The new government is to begin on September 6th with the first session of parliament. ...The news at this time could not get any better (except maybe telling us the RV is happening...lol ...I can assure everyone without a shadow of a doubt that the RV is NOT going to occur until we hear some solid news from the CBI on this effort...Since April the CBI has told us they are putting the “project to delete the zeros” “on hold” until AFTER the elections. So on Sept 6th it will be officially AFTER the elections. But this does not mean the CBI is going to jump all of a sudden and trigger the RV. ...They are NOT going to do this event without warning the citizens first and educating them on the new bills and coins. ...I am told that this event will be huge and circulated through the entire Iraq and that we can’t miss the articles. So we sit, relax and just let them do their business. When it is time we will know.
8-30-2018 Newshound Guru Bloodloch Article quote: "A senior Kurdish delegation is to visit the capital Baghdad for talks that have been described as decisive and may lead to the formation of the new Iraqi government." Despite the clarions of doom saying it will take months to form the new Iraqi government, I believe it will happen in relatively short time frame. The push from USA conflicts with the Iraqi's natural and very human tendency to resist being pushed around, but in the end, it will all work itself out. There is a lot of economic pressure to get this done and light this candle. Let's see what Friday brings in Baghdad.
8-30-2018 Newshound Guru chattels The CBI announces everyday the Market rate on its site, its called the ”Dollars Exchange Rate in Baghdad Markets “ and it shows perfect compliance since June. ...the CBI according to this report met 2% compliance on March 14 2018 and and has been able to maintain it to date. So good news. Many of us we unaware of the posting at the CBI and have been watching news reports.
[Side Note: The latest CBI reported market rate can always be found on the left side of this page...the last CBI update shows the market rate of 1206 as of 8-30-2018...this is within the 2% rule.]
8-30-2018 Newshound Guru Bloodloch ...the Kurds would never join with Ameri and Malaki, but even if every single Kurd faction joined them, they would have just 131 seats give or take a seat after the recount, leaving them 34 seats short of the 165 they would need to dictate the formation of the new government. And while there are some Iran-friendly factions, it's also hard to imagine that Najafi would throw his 14 seats their way. [post 1 of 2....stay tuned]
8-30-2018 Intel Guru Frank26 ANOTHER COLOSSAL LEAK ...BUT THIS TIME FROM ...ABADI!!!...THAT IS A FIRST ...IMO...HE TELLS THE CITIZENS AS THE GLOBAL INVESTING COMMUNITY WATCHES ...THAT HE IS GOING TO DO MANY THINGS FOR IRAQ AND CITIZENS ...THEN!!!...HE TELLS THE GLOBAL INVESTING WORLD THAT HE ALSO WELCOMES THEM AND WILL USE OUR IRAQ'S DINAR... CURRENCY...WITH THEM!!!...BUT RIGHT NOW THEY CAN NOT...LOL...HE IS TELEGRAPHING TO THEM THAT SOON THE DINAR CURRENCY WILL BE...WAIT FOR IT...WAIT LOL...INTERNATIONAL!!!
8-30-2018 Newshound Guru Currency365 Iraq has no option but release small notes & release purchasing power or Iran will bankrupt them with fake IQD cause Iran needs USD badly to survive...Trump set Nov 4th as the date all Allies must stop oil imports to Iran...IRAQ MUST PROTECT THEMSELVES & THEIR ECONOMY...
8-30-2018 Newshound/Intel Guru BGG [reference Guru Kaperoni post 8-29-2018, "In typical Iraqi fashion...] The new GOI being formed matters. Our main difference – I am more optimistic on the GOI formation timeline.
8-30-2018 Newshound/Intel Guru Mnt Goat ...The new government is to begin on September 6th with the first session of parliament. ...The news at this time could not get any better (except maybe telling us the RV is happening...lol ...I can assure everyone without a shadow of a doubt that the RV is NOT going to occur until we hear some solid news from the CBI on this effort...Since April the CBI has told us they are putting the “project to delete the zeros” “on hold” until AFTER the elections. So on Sept 6th it will be officially AFTER the elections. But this does not mean the CBI is going to jump all of a sudden and trigger the RV. ...They are NOT going to do this event without warning the citizens first and educating them on the new bills and coins. ...I am told that this event will be huge and circulated through the entire Iraq and that we can’t miss the articles. So we sit, relax and just let them do their business. When it is time we will know.
8-30-2018 Newshound Guru Bloodloch Article quote: "A senior Kurdish delegation is to visit the capital Baghdad for talks that have been described as decisive and may lead to the formation of the new Iraqi government." Despite the clarions of doom saying it will take months to form the new Iraqi government, I believe it will happen in relatively short time frame. The push from USA conflicts with the Iraqi's natural and very human tendency to resist being pushed around, but in the end, it will all work itself out. There is a lot of economic pressure to get this done and light this candle. Let's see what Friday brings in Baghdad.
8-30-2018 Newshound Guru chattels The CBI announces everyday the Market rate on its site, its called the ”Dollars Exchange Rate in Baghdad Markets “ and it shows perfect compliance since June. ...the CBI according to this report met 2% compliance on March 14 2018 and and has been able to maintain it to date. So good news. Many of us we unaware of the posting at the CBI and have been watching news reports.
[Side Note: The latest CBI reported market rate can always be found on the left side of this page...the last CBI update shows the market rate of 1206 as of 8-30-2018...this is within the 2% rule.]
8-29-2018 Newshound Guru Kaperoni [ I apparently missed something. I thought they had fallen out of compliance this week!] No, there were reports from the media about the spread rising but the auctions had not occurred since last week due to the holiday. That rising spread certainly is a concern. Once the auction started again it appears they are still within compliance based on media reports. But then again none of this is official. The Market Rate spread in Iraq has going down a little bit today so good news after 3 days of currency auctions. Sell 1206 to $1 and buy 1200 to $1. The requirements the IMF puts on Iraq to meet Article VIII compliance can be confusing ...
[Side Note: The latest CBI reported market rate can always be found on the left side of this page...the last CBI update shows the market rate of 1206 as of 8-29-2018...this is within the 2% rule.]
8-29-2018 Intel Guru Bruce …I know everyone out there is sort of tired of this ride. Let’s be honest. We all are…Everybody is ready for this to go. We have been ready. However, this is a process and we know there are a lot of moving parts. Sometimes parts come in that we haven’t considered, we weren’t aware that was something that needed to be done, one more thing, that kind of thing. This has been something that has evolved and moved and it is not easy to track and get all the puzzle pieces. You wonder at times who is really in control of this…We are getting closer and closer to figure out what this process is of release…
8-29-2018 Newshound Guru MilitiaMan ...Keep in mind when Iraq re-instates her currency, it may have a very huge impact on the economies of other countries that may be under duress from various and obvious reasons with their respective currencies. The fall out may be very substantial...and in fact it is a kind gesture to be so considerate at this juncture to almost tip his hand on what is effectively going to happen. If there were not a need to mention currencies, why do so? HE wouldn't, he would as there is in all likelyhood a change to come and soon, that is why.. Imo. [post 2 of 2]
8-29-2018 Newshound Guru MilitiaMan Article: "Summary of the weekly conference of Prime Minister Haider Abadi" So we see Abadi refer to what was required by Al Sistani since 2014 and those goals are and have been achieved. That is not coming from a defeated Prime Minister's point of view. It is coming from the new and welcomed Prime Minister for a Second term, as I see it. It goes on to make a very substantial point to the his people, regional interests and the world. He is making it known that he has the citizens in mind with respect to abiding by sanctions on Iran while at the same time maintaining a respectful stance towards neighboring countries and their currencies. [post 1 of 2....stay tuned]
8-29-2018 Newshound Guru Breitling …Iraq is in a good position. Even with their currency at a tenth of a penny. There is no bad situation here. It simply does not exist. The currency is strong even at a tenth of a penny. They are using it for a purpose at that rate. There is a reason the CBI, the Ministry of Planning, the Ministry of Finance and parliament went to the IMF and said, "Hey, we want to start raising the rate, what do we need to do? What positions do we need to be in?' And they kind of gave them a charter in order to do that. It’s very simple. They haven’t gone off the reservation on that at all... Since I’ve gotten involved in this investment or this opportunity, it has not changed at all…it’s a timing issue and it’s related to the markets…
8-29-2018 Newshound Guru Kaperoni In typical Iraqi fashion...I believe things are now being delayed due to the lack of formation of the government which has direct impact on currency reform, opening the banking system, inviting foreign investment. We also learn from one of our members who contacted the IMF that the Article IV Consultation has been delayed until the formation of the government. And if what we believe is correct - that nothing will occur until after that consultation it seems like we're just have to wait a few more months. And of course all the while keeping a watchful eye on the CBI currency auctions to make sure that they stay in compliance under the IMF requirements for Article VIII acceptance.
8-29-2018 Newshound/Intel Guru Mnt Goat IS ARTICLE 140 NEEDED PRIOR TO THE RV? The news media from Iraq is now saying 140 has to be done based on news that Kurdistan has negotiated this into the election. What did this Article 140 deal mean? Does it mean that it must be “fully” implemented then prior to the RV? No! ...It did NOT say that full implementation would be accomplished right away, thus maybe not before the reinstatement and RV could happen (but maybe before since no one really knows). It did however say that “full” guarantees had to be given that the referendum on this topic, according to the constitution, would have to be drawn up and presented to parliament. A timeline would also be guaranteed. ...Also, the last part of HCL is on this list of needed laws.
8-29-2018 Intel Guru Frank26 IF I COULD GIVE YOU A TITLE FOR THE MONTH OF AUGUST I WOULD CALL IT..."GAME ON"... GOD ONLY KNOWS WHEN THEY WILL RI...BUT THEY ARE TRYING TO TELL YOU...THAT THEY ARE GOING TO...IMO. ...FROM THE 3RD TO THE 10TH WILL BE LOUD ABOUT...JUSTICE AND...ABOUT THE CURRENCY OF IRAQ...SOMETHING'S HAPPENING...AND YOU KNOW IT...WE HAVE NEVER BEEN ON THIS GROUND BEFORE...INDEED...GAME IS ON....
[Side Note: The latest CBI reported market rate can always be found on the left side of this page...the last CBI update shows the market rate of 1206 as of 8-29-2018...this is within the 2% rule.]
8-29-2018 Intel Guru Bruce …I know everyone out there is sort of tired of this ride. Let’s be honest. We all are…Everybody is ready for this to go. We have been ready. However, this is a process and we know there are a lot of moving parts. Sometimes parts come in that we haven’t considered, we weren’t aware that was something that needed to be done, one more thing, that kind of thing. This has been something that has evolved and moved and it is not easy to track and get all the puzzle pieces. You wonder at times who is really in control of this…We are getting closer and closer to figure out what this process is of release…
8-29-2018 Newshound Guru MilitiaMan ...Keep in mind when Iraq re-instates her currency, it may have a very huge impact on the economies of other countries that may be under duress from various and obvious reasons with their respective currencies. The fall out may be very substantial...and in fact it is a kind gesture to be so considerate at this juncture to almost tip his hand on what is effectively going to happen. If there were not a need to mention currencies, why do so? HE wouldn't, he would as there is in all likelyhood a change to come and soon, that is why.. Imo. [post 2 of 2]
8-29-2018 Newshound Guru MilitiaMan Article: "Summary of the weekly conference of Prime Minister Haider Abadi" So we see Abadi refer to what was required by Al Sistani since 2014 and those goals are and have been achieved. That is not coming from a defeated Prime Minister's point of view. It is coming from the new and welcomed Prime Minister for a Second term, as I see it. It goes on to make a very substantial point to the his people, regional interests and the world. He is making it known that he has the citizens in mind with respect to abiding by sanctions on Iran while at the same time maintaining a respectful stance towards neighboring countries and their currencies. [post 1 of 2....stay tuned]
8-29-2018 Newshound Guru Breitling …Iraq is in a good position. Even with their currency at a tenth of a penny. There is no bad situation here. It simply does not exist. The currency is strong even at a tenth of a penny. They are using it for a purpose at that rate. There is a reason the CBI, the Ministry of Planning, the Ministry of Finance and parliament went to the IMF and said, "Hey, we want to start raising the rate, what do we need to do? What positions do we need to be in?' And they kind of gave them a charter in order to do that. It’s very simple. They haven’t gone off the reservation on that at all... Since I’ve gotten involved in this investment or this opportunity, it has not changed at all…it’s a timing issue and it’s related to the markets…
8-29-2018 Newshound Guru Kaperoni In typical Iraqi fashion...I believe things are now being delayed due to the lack of formation of the government which has direct impact on currency reform, opening the banking system, inviting foreign investment. We also learn from one of our members who contacted the IMF that the Article IV Consultation has been delayed until the formation of the government. And if what we believe is correct - that nothing will occur until after that consultation it seems like we're just have to wait a few more months. And of course all the while keeping a watchful eye on the CBI currency auctions to make sure that they stay in compliance under the IMF requirements for Article VIII acceptance.
8-29-2018 Newshound/Intel Guru Mnt Goat IS ARTICLE 140 NEEDED PRIOR TO THE RV? The news media from Iraq is now saying 140 has to be done based on news that Kurdistan has negotiated this into the election. What did this Article 140 deal mean? Does it mean that it must be “fully” implemented then prior to the RV? No! ...It did NOT say that full implementation would be accomplished right away, thus maybe not before the reinstatement and RV could happen (but maybe before since no one really knows). It did however say that “full” guarantees had to be given that the referendum on this topic, according to the constitution, would have to be drawn up and presented to parliament. A timeline would also be guaranteed. ...Also, the last part of HCL is on this list of needed laws.
8-29-2018 Intel Guru Frank26 IF I COULD GIVE YOU A TITLE FOR THE MONTH OF AUGUST I WOULD CALL IT..."GAME ON"... GOD ONLY KNOWS WHEN THEY WILL RI...BUT THEY ARE TRYING TO TELL YOU...THAT THEY ARE GOING TO...IMO. ...FROM THE 3RD TO THE 10TH WILL BE LOUD ABOUT...JUSTICE AND...ABOUT THE CURRENCY OF IRAQ...SOMETHING'S HAPPENING...AND YOU KNOW IT...WE HAVE NEVER BEEN ON THIS GROUND BEFORE...INDEED...GAME IS ON....
8-28-2018 Newshound Guru Adam Montana ...the one thing that is missing, now that the Elections are mostly concluded, is HCL. I know I harp on that a lot, but it's truly the one thing I see that MUST be done in order to have a successful RV.
8-28-2018 Newshound Guru Walkingstick Article: “Legal expert: If the first session of the parliament is not held, the president will set a new date” [Say it ain’t so that Massoum can put off the Sept 3rd date. Am I reading this correctly?] No...he can not... ...The article, is not...referring to Masum...changing the date... But, setting a new date if a quorum is not met.
8-28-2018 Intel Guru Frank26 WS [Guru Walkingstick] brought us Exchange website with 127 countries...they are positioning right now...But once they RI...volume will be volatile...trading will explode...this introducing is for Global Markets! ...when Central Banks saw that...CBI telling Countries it's a form of Declaration of confidence of the IQD! The pairing was not done for nothing! It shows the final stages of the Monetary Reform...The only tool CBI has been using is the Auctions & Art 8 in order to stay + or - 2%...But if they RI they will be given more tools to maintain 2%. Talk within circle of CBI & all Private Banks & understanding is...they will get official nod when to prepare... ALL Banks around the world...every Bank on this planet is connected to the CBI...wow! [post 2 of 2]
8-28-2018 Intel Guru Frank26 [highlights via Clare] Iraq...don't mess up! USA is in control...Don't mess up with Debt or Inflation or Iranian influence on the Auctions or with Debt on the Budget... we will impose Sanctions & Bring in more Military if you do!! ...Pressure to do something NOW! 6-8 banks in Iraq under suspicion of funneling $ to Iran...UST wants them to RI NOW! In so doing, shuts the tool which is, misuse of the CBI Auctions...They are being told STOP THE AUCTIONS which is the definition of the RI of the currency. Abadi & Cabinet are the Executive Branch! They are important to the RI not the Parliament...Sept. 3rd seat GOI & Sept. 5th HCL in effect for Citizens...on cards. [post 1 of 2....stay tuned]
8-28-2018 Newshound Guru Currency365 MAYBE THEY'LL ANNOUNCE IT MONDAY? [Largest Block ?] ...Fuad Masum issued a decree calling the House of Representatives to convene Monday 9-3-18. The session shall be chaired by the oldest member. The decree shall be implemented from the date of its issuance and published in the Official Gazette.
8-28-2018 Newshound/Intel Guru Mnt Goat So today [Monday] we are told that Iraq is supposed to announce the largest bloc and give their line-up of candidates for the needed govt positions. I suspect if they don’t get these votes committed from the KRG to the Sadrist Movement soon this may stall the announcement and they may even go right up to September before they make it. We wait and see how it plays out.
8-28-2018 Intel Guru ADMINBILL So here we are after another weekend with high expectations once again with no RV. Next stop, Labor Day Weekend? Let's see what develops today and through the week...There is absolutely no reason to be down in the dumps...!
8-28-2018 Newshound Guru Breitling ...Do you think the coke and the candy bar are gong to stay at a tenth of a penny? Yeah, then they would be millionaires inside of Iraq. But it’s not. The coke and the candy bar are now going to be worth a US dollar. So they don’t gain like you and I gain. We bet with the US dollar and they did not…Price of real estate, prices of goods and services, the labor force, everything will follow the value. For some reason people confuse that. You and I bought at a tenth of a penny out of a US dollar. So that is where we get our gains... [Post 2 of 2]
8-28-2018 Newshound Guru Breitling We alway get this question, “One day it’s going to revalue in Iraq and all these Iraqis are going to be instant millionaires…” Its’ doesn’t work that way…what happens is that you and I used the US dollar to purchase the currency…at a tenth of a penny. The Iraqi’s were given that currency. So the market inside Iraq reflects that tenth of a penny. In other words if you go down to buy a coke or candy bar…it’s based on an economy based on a tenth of a penny. What do you thinks going to happen when the value of the Iraqi dinar goes up to a buck? [Post 1 of 2 Stay tuned]
8-28-2018 Newshound Guru Kaperoni The media in Iraq is reporting an increase in the spread today [Monday]. Sale of dollar is 1220 to $1 and purchase of dollars is 1210 to $1. It looks like the CBI has fallen out of IMF compliance. Continue to monitor.
[Side Note: The latest CBI reported market rate can always be found on the left side of this page...the last CBI update shows the market rate of 1207 as of 8-28-2018...this is within the 2% rule.]
8-28-2018 Newshound/Intel Guru BGG I am assuming any governing body with say in this matter is going to refrain until the results are final and a government transition is made or is being made. Just my thinking....Short story: I am very encouraged with what we are seeing in the news right now. It’s no guarantee of anything right away – but it looks like some big moves being in the right direction. [post 2 of 2]
8-28-2018 Newshound/Intel Guru BGG Where are we with this investment? It’s something I get asked all the time. So many have been wrong – me included. Here are some thoughts on the current situation that may help some folks. So many say the politics don’t matter to the currency. This isn’t exactly accurate. The politics impact the economy… Iraq’s currency is, by many astute accounts, “grossly undervalued”. A basic definition of currency? It is a promissory note on the underlying economy of the country. [post 1 of 2....stay tuned]
8-28-2018 Newshound Guru Walkingstick Article: “Legal expert: If the first session of the parliament is not held, the president will set a new date” [Say it ain’t so that Massoum can put off the Sept 3rd date. Am I reading this correctly?] No...he can not... ...The article, is not...referring to Masum...changing the date... But, setting a new date if a quorum is not met.
8-28-2018 Intel Guru Frank26 WS [Guru Walkingstick] brought us Exchange website with 127 countries...they are positioning right now...But once they RI...volume will be volatile...trading will explode...this introducing is for Global Markets! ...when Central Banks saw that...CBI telling Countries it's a form of Declaration of confidence of the IQD! The pairing was not done for nothing! It shows the final stages of the Monetary Reform...The only tool CBI has been using is the Auctions & Art 8 in order to stay + or - 2%...But if they RI they will be given more tools to maintain 2%. Talk within circle of CBI & all Private Banks & understanding is...they will get official nod when to prepare... ALL Banks around the world...every Bank on this planet is connected to the CBI...wow! [post 2 of 2]
8-28-2018 Intel Guru Frank26 [highlights via Clare] Iraq...don't mess up! USA is in control...Don't mess up with Debt or Inflation or Iranian influence on the Auctions or with Debt on the Budget... we will impose Sanctions & Bring in more Military if you do!! ...Pressure to do something NOW! 6-8 banks in Iraq under suspicion of funneling $ to Iran...UST wants them to RI NOW! In so doing, shuts the tool which is, misuse of the CBI Auctions...They are being told STOP THE AUCTIONS which is the definition of the RI of the currency. Abadi & Cabinet are the Executive Branch! They are important to the RI not the Parliament...Sept. 3rd seat GOI & Sept. 5th HCL in effect for Citizens...on cards. [post 1 of 2....stay tuned]
8-28-2018 Newshound Guru Currency365 MAYBE THEY'LL ANNOUNCE IT MONDAY? [Largest Block ?] ...Fuad Masum issued a decree calling the House of Representatives to convene Monday 9-3-18. The session shall be chaired by the oldest member. The decree shall be implemented from the date of its issuance and published in the Official Gazette.
8-28-2018 Newshound/Intel Guru Mnt Goat So today [Monday] we are told that Iraq is supposed to announce the largest bloc and give their line-up of candidates for the needed govt positions. I suspect if they don’t get these votes committed from the KRG to the Sadrist Movement soon this may stall the announcement and they may even go right up to September before they make it. We wait and see how it plays out.
8-28-2018 Intel Guru ADMINBILL So here we are after another weekend with high expectations once again with no RV. Next stop, Labor Day Weekend? Let's see what develops today and through the week...There is absolutely no reason to be down in the dumps...!
8-28-2018 Newshound Guru Breitling ...Do you think the coke and the candy bar are gong to stay at a tenth of a penny? Yeah, then they would be millionaires inside of Iraq. But it’s not. The coke and the candy bar are now going to be worth a US dollar. So they don’t gain like you and I gain. We bet with the US dollar and they did not…Price of real estate, prices of goods and services, the labor force, everything will follow the value. For some reason people confuse that. You and I bought at a tenth of a penny out of a US dollar. So that is where we get our gains... [Post 2 of 2]
8-28-2018 Newshound Guru Breitling We alway get this question, “One day it’s going to revalue in Iraq and all these Iraqis are going to be instant millionaires…” Its’ doesn’t work that way…what happens is that you and I used the US dollar to purchase the currency…at a tenth of a penny. The Iraqi’s were given that currency. So the market inside Iraq reflects that tenth of a penny. In other words if you go down to buy a coke or candy bar…it’s based on an economy based on a tenth of a penny. What do you thinks going to happen when the value of the Iraqi dinar goes up to a buck? [Post 1 of 2 Stay tuned]
8-28-2018 Newshound Guru Kaperoni The media in Iraq is reporting an increase in the spread today [Monday]. Sale of dollar is 1220 to $1 and purchase of dollars is 1210 to $1. It looks like the CBI has fallen out of IMF compliance. Continue to monitor.
[Side Note: The latest CBI reported market rate can always be found on the left side of this page...the last CBI update shows the market rate of 1207 as of 8-28-2018...this is within the 2% rule.]
8-28-2018 Newshound/Intel Guru BGG I am assuming any governing body with say in this matter is going to refrain until the results are final and a government transition is made or is being made. Just my thinking....Short story: I am very encouraged with what we are seeing in the news right now. It’s no guarantee of anything right away – but it looks like some big moves being in the right direction. [post 2 of 2]
8-28-2018 Newshound/Intel Guru BGG Where are we with this investment? It’s something I get asked all the time. So many have been wrong – me included. Here are some thoughts on the current situation that may help some folks. So many say the politics don’t matter to the currency. This isn’t exactly accurate. The politics impact the economy… Iraq’s currency is, by many astute accounts, “grossly undervalued”. A basic definition of currency? It is a promissory note on the underlying economy of the country. [post 1 of 2....stay tuned]
8-27-2018 Newshound Guru Walkingstick [If they fall out of 2% compliance do they have to go another 90 Days?] No...In a nut shell...It is an issue. [Guru] Deltas response is accurate, due.. to the fact, the 2% compliance can easily spiral out of control... due to the CBI's continued use of the auction, as a tool/ their limitation of use of the tools available, that can be utilized to reel in or maintain the +/- 2% compliance... [reference Guru Delta's post 8-27-2018]
8-27-2018 Intel Guru Delta FROM CBI WEBSITE...IQD EXCHANGE RATE IN IRAQI MARKET...27-Aug...1212...1207...IN THE BORDER...BUT STILL OK ...CBI HAVE TO MAKE A MOVE ASA.
[Side Note: You can always see the CBI official dinar exchange rate and the CBI reported market rate of the dinar on the left of this site.]
8-27-2018 Newshound Guru Kaperoni So on Sunday the CBI started the auctions again. The media is reporting a market rate of 1210 to $1. This is still within compliance if correct.
[Side Note: You can always see the CBI official dinar exchange rate and the CBI reported market rate of the dinar on the left of this site.]
8-27-2018 Newshound Guru Bloodloch Left out of the mix and likely out of any significant decision-making authority in the formation of the new government -- Conquest Alliance (Iranian Proxy al-Ameri - 48 seats) and State of Law (former Prime Minister Maliki - 25 seats) [post 2 of 2]
8-27-2018 Newshound Guru Bloodloch Keeping Score: The four alliances attending meeting -- Saron (Sadr), Victory (Abadi), Wisdom (Hakim), and National (Allawi) -- total 136 seats in the new parliament. The hosting alliance -- Kurdistan Democratic Party (Barzani) -- has 25 seats in their pocket, for a total of 161 seats should these five alliances join forces. Only 4 more seats needed to win, from either of the two remaining big blocs -- Decision Alliance (Sunni - 14 seats) or Patriotic Union of Kurdistan (PUK - 18 seats) -- or some combination of other small 1 to 6 seat alliances floating around. [post 1 of 2....stay tuned]
8-27-2018 Newshound/Intel Guru Mnt Goat I have just talked to the CBI and I can assure you the reinstatement and RV is not happening next week. They still have to complete a massive re-education campaign for the citizens and this has not yet begun. In fact, they could not even give me a target date yet for it. ...We must first wait for this ongoing election sage to settle down.
8-27-2018 Guest Guru BobTheTaxMan ...The second one we have to do is called IRS code 1256. It has to do with people who are specifically in the FOREX trading world...You bought something and you’re going ot sell it. That’s the whole purpose, welcome to the world of FOREX…One of the things that it does offer is 60% of the gain will be treated as long term capital gains and 40% will be treated as short term…also known as ordinary income. That is what’s so attractive to it. BUT you actually have to be in the FOREX trading world in order for that to be applicable to you. It’s not applicable. Are these the only options available? Yep, pretty much…Quite frankly I don’t want to get involved with the IRS and have them breathing down my neck and neither do you. Let’s just stick to the rules…there are other way to go about this to make it non-taxable... [post 3 of 3]
{IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
2-27-2018 Newshound Guru Kaperoni …Iran is pumping fake dinar into the market to lower the dinar exchange rate in hopes the CBI then pumps more dollars (which they can smuggle back to Iran). This is similar to what was done in 2013. None of the numbers in the media are official but the CBI does have to provide a sworn quarterly report that includes daily market rates to the IMF so they will eventually know. Starting over to meet compliance is something none of us want to see but may be a reality…The 2% spread is calculated by the IMF using the following formula Official Rate + commissions x .02 = 1214 or less. There are numerous IMF documents over the years that report the spread that can be used to determine this formula…
8-27-2018 Guest Guru BobTheTaxMan ...988 when they talk about any kind of capital gains…it is in reference to an incidental for travel for the most part or if there is a bank transaction…and there’s a little bit of currency exchange at that point in time. It’s still a fixed date in time and that does have some kind of implement to capital gains. But NOT over $200. It’s not something that’s for us as holding the money, investors that this is going to be applicable to. It does not matter. So anyone who brings up 988…don’t pay any attention to it. It doesn’t make any difference. It’s already been tested and gone over for years now... [Post 2 of 3]
{IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
8-27-2018 Guest Guru BobTheTaxMan We have people sending in inquiries about 988…I’ve researched that heavily. IRS Code 988. It really boils down to simplicity of things ok? First of all 988 covers a multiple of things. The only way it can be interpreted the way to serve capital gains is incidental…As long as you’re holding dinar as a investment you do not have a set time that you are going to evaluate the value of it. You don’t. You’re hanging onto it. Therefore it will not be considered capital gains because you do not have a purchase date, start date, end date. It is strictly ordinary income. [Post 1 of 3] {IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
8-27-2018 Newshound Guru Kaperoni Still no consensus by the political parties on the largest Bloc to despite advertising in the media that they would have it done... I believe they're still about 30 seats short.
8-27-2018 Intel Guru Delta FROM CBI WEBSITE...IQD EXCHANGE RATE IN IRAQI MARKET...27-Aug...1212...1207...IN THE BORDER...BUT STILL OK ...CBI HAVE TO MAKE A MOVE ASA.
[Side Note: You can always see the CBI official dinar exchange rate and the CBI reported market rate of the dinar on the left of this site.]
8-27-2018 Newshound Guru Kaperoni So on Sunday the CBI started the auctions again. The media is reporting a market rate of 1210 to $1. This is still within compliance if correct.
[Side Note: You can always see the CBI official dinar exchange rate and the CBI reported market rate of the dinar on the left of this site.]
8-27-2018 Newshound Guru Bloodloch Left out of the mix and likely out of any significant decision-making authority in the formation of the new government -- Conquest Alliance (Iranian Proxy al-Ameri - 48 seats) and State of Law (former Prime Minister Maliki - 25 seats) [post 2 of 2]
8-27-2018 Newshound Guru Bloodloch Keeping Score: The four alliances attending meeting -- Saron (Sadr), Victory (Abadi), Wisdom (Hakim), and National (Allawi) -- total 136 seats in the new parliament. The hosting alliance -- Kurdistan Democratic Party (Barzani) -- has 25 seats in their pocket, for a total of 161 seats should these five alliances join forces. Only 4 more seats needed to win, from either of the two remaining big blocs -- Decision Alliance (Sunni - 14 seats) or Patriotic Union of Kurdistan (PUK - 18 seats) -- or some combination of other small 1 to 6 seat alliances floating around. [post 1 of 2....stay tuned]
8-27-2018 Newshound/Intel Guru Mnt Goat I have just talked to the CBI and I can assure you the reinstatement and RV is not happening next week. They still have to complete a massive re-education campaign for the citizens and this has not yet begun. In fact, they could not even give me a target date yet for it. ...We must first wait for this ongoing election sage to settle down.
8-27-2018 Guest Guru BobTheTaxMan ...The second one we have to do is called IRS code 1256. It has to do with people who are specifically in the FOREX trading world...You bought something and you’re going ot sell it. That’s the whole purpose, welcome to the world of FOREX…One of the things that it does offer is 60% of the gain will be treated as long term capital gains and 40% will be treated as short term…also known as ordinary income. That is what’s so attractive to it. BUT you actually have to be in the FOREX trading world in order for that to be applicable to you. It’s not applicable. Are these the only options available? Yep, pretty much…Quite frankly I don’t want to get involved with the IRS and have them breathing down my neck and neither do you. Let’s just stick to the rules…there are other way to go about this to make it non-taxable... [post 3 of 3]
{IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
2-27-2018 Newshound Guru Kaperoni …Iran is pumping fake dinar into the market to lower the dinar exchange rate in hopes the CBI then pumps more dollars (which they can smuggle back to Iran). This is similar to what was done in 2013. None of the numbers in the media are official but the CBI does have to provide a sworn quarterly report that includes daily market rates to the IMF so they will eventually know. Starting over to meet compliance is something none of us want to see but may be a reality…The 2% spread is calculated by the IMF using the following formula Official Rate + commissions x .02 = 1214 or less. There are numerous IMF documents over the years that report the spread that can be used to determine this formula…
8-27-2018 Guest Guru BobTheTaxMan ...988 when they talk about any kind of capital gains…it is in reference to an incidental for travel for the most part or if there is a bank transaction…and there’s a little bit of currency exchange at that point in time. It’s still a fixed date in time and that does have some kind of implement to capital gains. But NOT over $200. It’s not something that’s for us as holding the money, investors that this is going to be applicable to. It does not matter. So anyone who brings up 988…don’t pay any attention to it. It doesn’t make any difference. It’s already been tested and gone over for years now... [Post 2 of 3]
{IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
8-27-2018 Guest Guru BobTheTaxMan We have people sending in inquiries about 988…I’ve researched that heavily. IRS Code 988. It really boils down to simplicity of things ok? First of all 988 covers a multiple of things. The only way it can be interpreted the way to serve capital gains is incidental…As long as you’re holding dinar as a investment you do not have a set time that you are going to evaluate the value of it. You don’t. You’re hanging onto it. Therefore it will not be considered capital gains because you do not have a purchase date, start date, end date. It is strictly ordinary income. [Post 1 of 3] {IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
8-27-2018 Newshound Guru Kaperoni Still no consensus by the political parties on the largest Bloc to despite advertising in the media that they would have it done... I believe they're still about 30 seats short.
8-26-2018 Newshound Guru MilitiaMan RE: Exchange Rates: ...they are Paring the IQD with Global Currencies. They are not just local or regional ones they are paring with the USD, AUD, CND, JPY, BP, etc.. This site is a reputable site out of the UK. ...They are showing their patrons that they are going to have quotes for the IQD. Well once they change the rate from a program rate the game changes and in a big way, imo.. We have been told that the IQD would go Global... Well here is a venue that supports that they are about to do so. ~ imo ~
https://www.exchangerates.org.uk/Iraqi-Dinar-IQD-currency-table.html
8-26-2018 Newshound Guru Kaperoni The truth is the CBI will float the currency and allow it to appreciate gradually as investment comes into the country. Once they make that decision it could take 6 months to a year to get to a level that we are all excited about. We have documented this for years...
8-26-2018 Newshound Guru Currency365 "The Iraqi Islamic Party announced Saturday its support for the nomination of Haider al-Abadi for a second term at the head of the next government." ...looks like @HaiderAlAbadi got an endorsement...
8-26-2018 Newshound/Intel Guru BGG Article: "After Abadi, Maliki and Fayyad, Maasoum met with Amiri on the largest bloc" The only thing you can be certain of, from this article – is that everyone is meeting with everyone in Iraq. Massoum met with Abadi…then with Ameri…then with Faleh al-Fayadh (national security advisor to Abadi)…and at some point he met with Maliki…None of which means all that much. Massoum mainly has a direct hand in the timeline. He establishes the first meeting of Parliament which is a marker for the formation of the new GOI. The most curious wording was that Abadi’s main thrust was just to get it moving. He and Sadr seem confident they have the biggest bloc – else why push for this quick formation?
https://www.exchangerates.org.uk/Iraqi-Dinar-IQD-currency-table.html
8-26-2018 Newshound Guru Kaperoni The truth is the CBI will float the currency and allow it to appreciate gradually as investment comes into the country. Once they make that decision it could take 6 months to a year to get to a level that we are all excited about. We have documented this for years...
8-26-2018 Newshound Guru Currency365 "The Iraqi Islamic Party announced Saturday its support for the nomination of Haider al-Abadi for a second term at the head of the next government." ...looks like @HaiderAlAbadi got an endorsement...
8-26-2018 Newshound/Intel Guru BGG Article: "After Abadi, Maliki and Fayyad, Maasoum met with Amiri on the largest bloc" The only thing you can be certain of, from this article – is that everyone is meeting with everyone in Iraq. Massoum met with Abadi…then with Ameri…then with Faleh al-Fayadh (national security advisor to Abadi)…and at some point he met with Maliki…None of which means all that much. Massoum mainly has a direct hand in the timeline. He establishes the first meeting of Parliament which is a marker for the formation of the new GOI. The most curious wording was that Abadi’s main thrust was just to get it moving. He and Sadr seem confident they have the biggest bloc – else why push for this quick formation?
8-25-2018 Newshound Guru Kaperoni The truth is the CBI will float the currency and allow it to appreciate gradually as investment comes into the country. [When please?] I expected [expect it?] yet this year.
8-25-2018 Newshound/Intel Guru MntGoat Article quote: "The Iranian strategy is to inject a large, counterfeit Iraqi currency into Iraqi markets and push for increased demand for the US dollar by local traders." Why is this so important to us and the RV? ...BECAUSE THIS WILL INCREASE THE DEMAND FOR THE US DOLLAR, THUS DRIVE DOWN THE RATE OF THE DINAR...This will bring Iraq into non-compliance by the IMF for the MCP practices. I told everyone that these new sanctions were going to cause havoc in Iraq and will be the next reason to stall the RV...The answer to the problem? Reinstate the dinar, get off the peg to the dollar and re-peg to the SDR basket of currencies. Use the dinar to conduct business. Issue the new lower category notes thus redenominate. Outlaw the use of the dollar in Iraq.
8-25-2018 Newshound Guru Breitling …This is a no risk zone…people are saying that, “oh my god it’s at a tenth of a penny it must be high risk currency or there’s something wrong.” No. There’s nothing wrong. They [CBI/Iraq] are using it [dinar] like they need to use it. The question is for you and me is, Is there a window when they start adding value to it? And how and why? And that’s what we’re following…People are stuck on a tenth of a penny and somehow that rate makes it a risk. That’s not a risk for you and me. That’s a huge advantage…We’re using the US dollar to get that currency…
8-25-2018 Newshound Guru Adam Montana [Do you think the IMF has to give the nod to an RV?] Of course - the IMF isn't going to hold them back when they choose to RV. We've seen the IMF stay very silent on Iraq once the restrictions were lifted several years ago. If the IMF was going to try to block anything, they would be very outspoken about it and we'd all know it was time to pack our bags and find another subject to keep our interest... that is not the case.
8-25-2018 Newshound/Intel Guru MntGoat Article quote: "The Iranian strategy is to inject a large, counterfeit Iraqi currency into Iraqi markets and push for increased demand for the US dollar by local traders." Why is this so important to us and the RV? ...BECAUSE THIS WILL INCREASE THE DEMAND FOR THE US DOLLAR, THUS DRIVE DOWN THE RATE OF THE DINAR...This will bring Iraq into non-compliance by the IMF for the MCP practices. I told everyone that these new sanctions were going to cause havoc in Iraq and will be the next reason to stall the RV...The answer to the problem? Reinstate the dinar, get off the peg to the dollar and re-peg to the SDR basket of currencies. Use the dinar to conduct business. Issue the new lower category notes thus redenominate. Outlaw the use of the dollar in Iraq.
8-25-2018 Newshound Guru Breitling …This is a no risk zone…people are saying that, “oh my god it’s at a tenth of a penny it must be high risk currency or there’s something wrong.” No. There’s nothing wrong. They [CBI/Iraq] are using it [dinar] like they need to use it. The question is for you and me is, Is there a window when they start adding value to it? And how and why? And that’s what we’re following…People are stuck on a tenth of a penny and somehow that rate makes it a risk. That’s not a risk for you and me. That’s a huge advantage…We’re using the US dollar to get that currency…
8-25-2018 Newshound Guru Adam Montana [Do you think the IMF has to give the nod to an RV?] Of course - the IMF isn't going to hold them back when they choose to RV. We've seen the IMF stay very silent on Iraq once the restrictions were lifted several years ago. If the IMF was going to try to block anything, they would be very outspoken about it and we'd all know it was time to pack our bags and find another subject to keep our interest... that is not the case.
8-24-2018 Newshound Guru RayRen98 Announcements in Iraq indicating that after the EID holiday, there will be a surprise for all of the people of Iraq coming from the largest block that is currently being formed. Iraqi TV is explaining to the citizens how to use their smart phones for banking needs and sharing how to make deposits via ATM's and other advantages for using the ATM.
8-24-2018 Newshound/Intel Guru Mnt Goat So we are still being told the negotiations with the Kurdistan parties will be completed by the end of Eid al-Adha holiday on Aug 25th. And the announcements of the new government will be made at this time. So I expect it sometime this weekend. We are hearing the new FIRST session of parliament to swear in the new members and establish the new speaker will take place (or targeted to take place) on Tuesday Aug 28th.
8-24-2018 Intel Guru Bruce We don’t get a whole lot information on the dong, but it is going to come out at a better than we thought rate. It also maybe will be traded up higher. ...Everything is moving which we think is too slowly, there is a lot of stuff happening behind the scenes. I am excited about where we are. I know our rates are going to be great...Let’s see what happens. Monday should be a cool day because Iraq should have their rate out by then. At least that is what we think... [post 2 of 2]
8-24-2018 Intel Guru Bruce We talked about the Iraqi dinar being “seen” on the Iraqi stock exchange, the ISX. The commodities and so on that are being traded are being valued in dinar at a rate of about $3.84. Now, what we understand is [to] come...at 8am this coming Monday Iraqi time which is EST at midnight...this Sunday night...we are hearing that rate should come out officially at something that is more than double that. I am not going to give you the exact rate, but just know it is over twice what I just said. ...That is a major move even though to be completely honest...that rate will go up. After several trading sessions it will continue to work its way higher... [post 1 of 2....stay tuned]
8-24-2018 Newshound/Intel Guru Mnt Goat As we wait for a decision by the CBI on the reinstatement of the dinar, we are witnessing more and more pressure from Iran to conduct business with Iraq in spite of the sanctions. They are now even attempting to drive down the rate of the dinar by smuggling counterfeit US dollars over the border, thus weakening the dinar. This is economic war...
8-24-2018 Intel Guru ADMINBILL TODAY'S NEWS IS EXTRAORDINARILY GREAT. I AM NOT AT LIBERTY TO SHARE BUT I CAN'T HELP LETTING YOU KNOW THAT YOU ARE IN A STERLING PLACE TODAY SO DON'T WORRY, BE HAPPY. IT APPEARS THIS MAY BE A GREAT TIMES TO GET YOUR DUCKS IN A ROW.
8-24-2018 Newshound Guru Kaperoni Today's [Thursday's] market rate / Street rate was reported at 1217 to $1. Again this is unofficial cuz the CBI has not held auctions past few days due to the holiday so we'll have to wait and see when they begin again if they are in compliance or not. 1217 though it's technically not in compliance within the 2%. [Side Note: You can always find the latest CBI reported market rate in left column of this page.]
8-24-2018 Newshound Guru Breitling ...It’s the people who put this stuff out. What we [the United States] did was injected 2 billion worth of US dollars into Iraq’s economy and then we did the shock and awe. It’s always been controlled. The economy took a hit because we totally destroyed their infrastructure. But what kept it afloat was the US dollar…The currency itself has never been a high risk. It’s artificial inflation. It’s not market driven inflation…it’s an artificial rate. It’s an advantage for them to do it [the artificial rate]. They can’t do it forever. [Post 2 of 2]
8-24-2018 Newshound Guru Breitling The value of the Iraqi dinar is based on oil. So at it’s highest peak I believe it was at $3.25. That comes from the ex-general who put out the new currency that you and I have…Their goal…is to get back to $3.25 and these are the guys stating they wanted to get down to a billion notes to get it back to $3.25. That’s where it came from. It didn’t come from someone who just made up the numbers or anything like that. [Post 1 of 2]
8-24-2018 Newshound/Intel Guru Mnt Goat So we are still being told the negotiations with the Kurdistan parties will be completed by the end of Eid al-Adha holiday on Aug 25th. And the announcements of the new government will be made at this time. So I expect it sometime this weekend. We are hearing the new FIRST session of parliament to swear in the new members and establish the new speaker will take place (or targeted to take place) on Tuesday Aug 28th.
8-24-2018 Intel Guru Bruce We don’t get a whole lot information on the dong, but it is going to come out at a better than we thought rate. It also maybe will be traded up higher. ...Everything is moving which we think is too slowly, there is a lot of stuff happening behind the scenes. I am excited about where we are. I know our rates are going to be great...Let’s see what happens. Monday should be a cool day because Iraq should have their rate out by then. At least that is what we think... [post 2 of 2]
8-24-2018 Intel Guru Bruce We talked about the Iraqi dinar being “seen” on the Iraqi stock exchange, the ISX. The commodities and so on that are being traded are being valued in dinar at a rate of about $3.84. Now, what we understand is [to] come...at 8am this coming Monday Iraqi time which is EST at midnight...this Sunday night...we are hearing that rate should come out officially at something that is more than double that. I am not going to give you the exact rate, but just know it is over twice what I just said. ...That is a major move even though to be completely honest...that rate will go up. After several trading sessions it will continue to work its way higher... [post 1 of 2....stay tuned]
8-24-2018 Newshound/Intel Guru Mnt Goat As we wait for a decision by the CBI on the reinstatement of the dinar, we are witnessing more and more pressure from Iran to conduct business with Iraq in spite of the sanctions. They are now even attempting to drive down the rate of the dinar by smuggling counterfeit US dollars over the border, thus weakening the dinar. This is economic war...
8-24-2018 Intel Guru ADMINBILL TODAY'S NEWS IS EXTRAORDINARILY GREAT. I AM NOT AT LIBERTY TO SHARE BUT I CAN'T HELP LETTING YOU KNOW THAT YOU ARE IN A STERLING PLACE TODAY SO DON'T WORRY, BE HAPPY. IT APPEARS THIS MAY BE A GREAT TIMES TO GET YOUR DUCKS IN A ROW.
8-24-2018 Newshound Guru Kaperoni Today's [Thursday's] market rate / Street rate was reported at 1217 to $1. Again this is unofficial cuz the CBI has not held auctions past few days due to the holiday so we'll have to wait and see when they begin again if they are in compliance or not. 1217 though it's technically not in compliance within the 2%. [Side Note: You can always find the latest CBI reported market rate in left column of this page.]
8-24-2018 Newshound Guru Breitling ...It’s the people who put this stuff out. What we [the United States] did was injected 2 billion worth of US dollars into Iraq’s economy and then we did the shock and awe. It’s always been controlled. The economy took a hit because we totally destroyed their infrastructure. But what kept it afloat was the US dollar…The currency itself has never been a high risk. It’s artificial inflation. It’s not market driven inflation…it’s an artificial rate. It’s an advantage for them to do it [the artificial rate]. They can’t do it forever. [Post 2 of 2]
8-24-2018 Newshound Guru Breitling The value of the Iraqi dinar is based on oil. So at it’s highest peak I believe it was at $3.25. That comes from the ex-general who put out the new currency that you and I have…Their goal…is to get back to $3.25 and these are the guys stating they wanted to get down to a billion notes to get it back to $3.25. That’s where it came from. It didn’t come from someone who just made up the numbers or anything like that. [Post 1 of 2]
8-23-2018 Newshound Guru Currency365 People still saying citizens wont see wealth from RV because they only get purchasing power BUT many citizens purchased dinar with USD & stashed away millions of IQD & will not bring them in until the RV. Also Citizens will receive monthly Oil Revenue and ALL the Oil back pay.
8-23-2018 Newshound Guru Don961 imo...news is slow this week while the country celebrates Eid...many sites stop posting articles completely...others that continue offer little except for articles about endless political meetings and conflicting opinions about alliances, who is aligning with who, who's holding out for better deals, etc. to get the majority bloc...bottom line, results won't be given until after Eid...they are under pressure to get it done...so we'll see what shakes out...
8-23-2018 Newshound Guru Adam Montana [...You said in your last update we are in the final stretch and they could do it NOW...] I agree with the premise that we are in "green light" territory. Sunday is the soonest I expect to see any major news... we will see!
8-23-2018 Newshound Guru Breitling …I watch currencies. Either they are in high risk, moderate risk or no risk at all. There are only three categories. The Iraqi dinar is not in the high risk or the moderate risk. They’re in zero risk. People don’t realize that. It’s sort of strange to have conversations with people that they’re thinking there’s something wrong with the currency or it’s teetering back and fourth and it’s not. It’s a stable currency...
8-23-2018 Newshound Guru Adam Montana ...it's holiday in Iraq, nothing will happen today through Saturday. Good news, though! Although it's not "officially official", there are enough reports out to satisfy me that Elections have been approved, which allows MPs (Members of Parliament) to move onto the next stage, which is appointing a President. Once this is done, and that should not be long, that will free them up to work on various little things like... oh, I don't know... HCL! ...this was a long process, but once Holiday is over I am expecting a bit of change in the lull we've been riding through.
8-23-2018 Newshound/Intel Guru Mnt Goat ...The Iraqi dinar is still solely pegged to the US dollar and ONLY to the US Dollar. It is a “de facto” peg meaning temporary peg done in a time of crisis/emergency with Iraq in response to the war. In the future the CBI and the IMF have both told us that the plan is to re-peg the dinar to an SDR basket of 5 currencies (US Dollar, Yuan, British Pound, Yen, Euro)...The FACT is the change over to the new basket will be the driving force for the rate increase in the dinar. Again it is NOT a revaluation but a reinstatement about to take place. Then it will be put on a managed float. [post 2 of 2]
8-23-2018 Newshound/Intel Guru Mnt Goat First let me say the Iraqi dinar is NOT currently on any kind of a FLOAT, managed or otherwise. It is a fixed rate by the Central Bank of Iraq...the definition of a managed float...is when you have millions of investors buying up or selling a currency and driving it up or down. The Iraqi dinar today is not even being traded on the international trading platforms. ...Right now, the dinar is on a fixed program rate set by the CBI and the IMF in October of 2013 during the sanctions. They did this to avoid a total crash of the Iraqi economy post war. [post 1 of 2....stay tuned]
8-23-2018 Newshound Guru ChrisC Article: "An economist reveals the bank's printing of large amounts of currency with small categories to replace them with damage" Think about this real quick. For example, how particularly worthlesss is that 100 denom at the current rate? Why bring these out at the current rate?
It seems there is more to the story as the plot thickens with this and the revealing of the specimen notes. IMHO, I think we’re staring at the end of the Turkmenistan model. I suspect there is a a delicate coordination that needs to be worked out and much communication between several parties to get it on track. Just my 2 cents in consideration of current information...
8-23-2018 Newshound Guru Don961 imo...news is slow this week while the country celebrates Eid...many sites stop posting articles completely...others that continue offer little except for articles about endless political meetings and conflicting opinions about alliances, who is aligning with who, who's holding out for better deals, etc. to get the majority bloc...bottom line, results won't be given until after Eid...they are under pressure to get it done...so we'll see what shakes out...
8-23-2018 Newshound Guru Adam Montana [...You said in your last update we are in the final stretch and they could do it NOW...] I agree with the premise that we are in "green light" territory. Sunday is the soonest I expect to see any major news... we will see!
8-23-2018 Newshound Guru Breitling …I watch currencies. Either they are in high risk, moderate risk or no risk at all. There are only three categories. The Iraqi dinar is not in the high risk or the moderate risk. They’re in zero risk. People don’t realize that. It’s sort of strange to have conversations with people that they’re thinking there’s something wrong with the currency or it’s teetering back and fourth and it’s not. It’s a stable currency...
8-23-2018 Newshound Guru Adam Montana ...it's holiday in Iraq, nothing will happen today through Saturday. Good news, though! Although it's not "officially official", there are enough reports out to satisfy me that Elections have been approved, which allows MPs (Members of Parliament) to move onto the next stage, which is appointing a President. Once this is done, and that should not be long, that will free them up to work on various little things like... oh, I don't know... HCL! ...this was a long process, but once Holiday is over I am expecting a bit of change in the lull we've been riding through.
8-23-2018 Newshound/Intel Guru Mnt Goat ...The Iraqi dinar is still solely pegged to the US dollar and ONLY to the US Dollar. It is a “de facto” peg meaning temporary peg done in a time of crisis/emergency with Iraq in response to the war. In the future the CBI and the IMF have both told us that the plan is to re-peg the dinar to an SDR basket of 5 currencies (US Dollar, Yuan, British Pound, Yen, Euro)...The FACT is the change over to the new basket will be the driving force for the rate increase in the dinar. Again it is NOT a revaluation but a reinstatement about to take place. Then it will be put on a managed float. [post 2 of 2]
8-23-2018 Newshound/Intel Guru Mnt Goat First let me say the Iraqi dinar is NOT currently on any kind of a FLOAT, managed or otherwise. It is a fixed rate by the Central Bank of Iraq...the definition of a managed float...is when you have millions of investors buying up or selling a currency and driving it up or down. The Iraqi dinar today is not even being traded on the international trading platforms. ...Right now, the dinar is on a fixed program rate set by the CBI and the IMF in October of 2013 during the sanctions. They did this to avoid a total crash of the Iraqi economy post war. [post 1 of 2....stay tuned]
8-23-2018 Newshound Guru ChrisC Article: "An economist reveals the bank's printing of large amounts of currency with small categories to replace them with damage" Think about this real quick. For example, how particularly worthlesss is that 100 denom at the current rate? Why bring these out at the current rate?
It seems there is more to the story as the plot thickens with this and the revealing of the specimen notes. IMHO, I think we’re staring at the end of the Turkmenistan model. I suspect there is a a delicate coordination that needs to be worked out and much communication between several parties to get it on track. Just my 2 cents in consideration of current information...
8-22-2018 Newshound Guru Don961 Article: "An economist reveals the bank's printing of large amounts of currency with small categories to replace them with damage" imo...it's just as the article states...the merchants points out about the severe shortage of smaller denomination notes in the marketplace...the existing notes are damaged and need to be replaced...so the CBI is doing that...they just need to convince the banks to receive and replace them...as these notes do get replaced, people will start using them more and more...and introducing even smaller note categories and coins, with higher value, will not be such a shock after having to use all those high 3 zeroes for so long...Also, even the printing of more of these smaller categories shows a shift in monetary policy...they needed to print the higher 3 zeroes because that is what the currency value required for use in the marketplace...there has obviously been a shift in thinking and circumstances...so smaller, 3 zero-less notes will soon be all the rage...
8-22-2018 Newshound Guru Kaperoni [What if the new gov doesn't care for the float?] The government does not have anything to do with monetary policy monetary policy is a function of the CBI. And floating the currency is what countries do. Most of the world's currencies already float. Floating the currency not only gives the CBI a mechanism to raise the exchange rate gradually based on supply and demand but gives them a tool to counter inflationary pressure created by large influxes of capital which we expect to come in as the country rebuilds. Any other solution...such as an RV or RI is utter nonsense and not practical or reasonable...Countries do not do these things.
8-22-2018 Newshound/Intel Guru Mnt Goat ...How long will it take. At a minimum they hope to get this all resolved way before Aug 28th when they earlier announced already a plan to hold the first session of the new parliament. So are the election results ratified already? YES, YES and YES again. ...Now they still fight for control over the largest block. This is all we are waiting for – what party has control and majority. So we need this first session of parliament to occur and to get these new members sworn in, a new speaker and a new president and his deputies. Then we can safely say that the RV clock can begin ticking once again. According to Iraq's constitution, parliament's first session must be held within 15 days from the date of the ratification 8/19 of the general election results. [post 3 of 3]
8-22-2018 Newshound/Intel Guru Mnt Goat 3. modify the share of the province of the federal budget (wants 17%) ...this was reduced down to 13% due to the oil that Kuridstan was selling beyond the GOI budgetary requirements. So they reduced the amount accordingly. ...Now Kurdistan wants it back. 4. general census of the population...They have not done census for years and need to update it...they will need to figure out who is who if they are going to award any surplus oil revenues to them. 5. asserting that all these points be "put forward with one basket”. Remember these 5 points we already heard about over a month ago...So this is now being worked out. This is an explanation of the delay. [post 2 of 3...stay tuned]
8-22-2018 Newshound/Intel Guru Mnt Goat UPDATE ON THE ONGOING ELECTION SAGA... Article quote: "A statement issued by Hadi al-Amri, the Fatah alliance, announced on Monday that the announcement of the largest bloc, due to be announced today, was postponed." So we know the announcements were not made on Monday as planned. So what happened? Seems that three of the Kurdistan parties wanted to pullout of the Sadr Alliance to form the largest block... They wanted guarantees on 5 points in order to join the Sadr Alliance: 1. application of Article 140...but article 140 is not required. Really? ...if this is needed to form the govt (as we now see it is...) and to form the govt is needed to RV then Article 140 is needed to get the RV. 2. the legislation of the law of oil and gas...Yes, a form of the oil and gas has been made into a agreement but the final version has NEVER been passed into law by parliament. [post 1 of 3....stay tued]
8-22-2018 Intel Guru Bruce It may only take 2 to 3 trading sessions before it going to hit...the kind of numbers Shabi mentioned years ago back in 2012...6 years ago Shabi talked about the value of the Dinar able to sustain $16...I am telling you what I am hearing makes that look very possible. ...I know the rate on the Dong is also good, better than we thought it was going to be...I want to clarify once and for all...THERE ARE NO ZEROS COMING OFF ANY CURRENCY... PERIOD AND END OF STORY... I am feeling very confident about where we are right now. ...I have been given times. I can’t put them out. ...Same with rates. [post 2 of 2]
8-22-2018 Intel Guru Bruce [via Pinkroses] We are really in the best place we have every been for this to go down now. When it comes to the Intel side ...the number of sources that are able to speak is being reduced because people are under NDAs that weren’t before or a gag order or just plain were told to go dark or go quiet. ...Fortunately we have enough sources in some of the other areas that are coming through so that we are able to sort of see what is happening...and where we are in the process. ...We know it is going to be a very good rate coming out and then it is going to go up... [post 1 of 2....stay tuned]
8-22-2018 Intel Guru Frank26 [via sunny] For security reasons they are now reprinting LD's...specimens with batch numbers! Huge! Notes will be calculated so not to flood the market. . . This time around. . . told of small notes and metals. . . metals and lower denom’s will co-exist together...2% is alive and happening!
8-22-2018 Newshound Guru Kaperoni ...there are a lot of new factors now in play because the recent sanctions on Iran have caused Iraq's spread to rise just above 2% which technically maybe out of compliance and would require them then to start over with another 90 days once back in compliance. Personally I do not understand why the CBI is waiting now that they have met the 90-day window of compliance back in June. Waiting just puts them at risk which is silly. If they are waiting for the formation of the government then they're probably waiting for the IMF consultation as well so we're really on hold here through the end of the year... [Side NOTE: The latest CBI reported market rate is always listed on the left of this page...the last CBI market rate for the dinar was 1208 reported on 8-20-2018. The CBI has not recorded a market rate outside of the 2% range since ~June 14.]
8-22-2018 Newshound Guru Kaperoni [What if the new gov doesn't care for the float?] The government does not have anything to do with monetary policy monetary policy is a function of the CBI. And floating the currency is what countries do. Most of the world's currencies already float. Floating the currency not only gives the CBI a mechanism to raise the exchange rate gradually based on supply and demand but gives them a tool to counter inflationary pressure created by large influxes of capital which we expect to come in as the country rebuilds. Any other solution...such as an RV or RI is utter nonsense and not practical or reasonable...Countries do not do these things.
8-22-2018 Newshound/Intel Guru Mnt Goat ...How long will it take. At a minimum they hope to get this all resolved way before Aug 28th when they earlier announced already a plan to hold the first session of the new parliament. So are the election results ratified already? YES, YES and YES again. ...Now they still fight for control over the largest block. This is all we are waiting for – what party has control and majority. So we need this first session of parliament to occur and to get these new members sworn in, a new speaker and a new president and his deputies. Then we can safely say that the RV clock can begin ticking once again. According to Iraq's constitution, parliament's first session must be held within 15 days from the date of the ratification 8/19 of the general election results. [post 3 of 3]
8-22-2018 Newshound/Intel Guru Mnt Goat 3. modify the share of the province of the federal budget (wants 17%) ...this was reduced down to 13% due to the oil that Kuridstan was selling beyond the GOI budgetary requirements. So they reduced the amount accordingly. ...Now Kurdistan wants it back. 4. general census of the population...They have not done census for years and need to update it...they will need to figure out who is who if they are going to award any surplus oil revenues to them. 5. asserting that all these points be "put forward with one basket”. Remember these 5 points we already heard about over a month ago...So this is now being worked out. This is an explanation of the delay. [post 2 of 3...stay tuned]
8-22-2018 Newshound/Intel Guru Mnt Goat UPDATE ON THE ONGOING ELECTION SAGA... Article quote: "A statement issued by Hadi al-Amri, the Fatah alliance, announced on Monday that the announcement of the largest bloc, due to be announced today, was postponed." So we know the announcements were not made on Monday as planned. So what happened? Seems that three of the Kurdistan parties wanted to pullout of the Sadr Alliance to form the largest block... They wanted guarantees on 5 points in order to join the Sadr Alliance: 1. application of Article 140...but article 140 is not required. Really? ...if this is needed to form the govt (as we now see it is...) and to form the govt is needed to RV then Article 140 is needed to get the RV. 2. the legislation of the law of oil and gas...Yes, a form of the oil and gas has been made into a agreement but the final version has NEVER been passed into law by parliament. [post 1 of 3....stay tued]
8-22-2018 Intel Guru Bruce It may only take 2 to 3 trading sessions before it going to hit...the kind of numbers Shabi mentioned years ago back in 2012...6 years ago Shabi talked about the value of the Dinar able to sustain $16...I am telling you what I am hearing makes that look very possible. ...I know the rate on the Dong is also good, better than we thought it was going to be...I want to clarify once and for all...THERE ARE NO ZEROS COMING OFF ANY CURRENCY... PERIOD AND END OF STORY... I am feeling very confident about where we are right now. ...I have been given times. I can’t put them out. ...Same with rates. [post 2 of 2]
8-22-2018 Intel Guru Bruce [via Pinkroses] We are really in the best place we have every been for this to go down now. When it comes to the Intel side ...the number of sources that are able to speak is being reduced because people are under NDAs that weren’t before or a gag order or just plain were told to go dark or go quiet. ...Fortunately we have enough sources in some of the other areas that are coming through so that we are able to sort of see what is happening...and where we are in the process. ...We know it is going to be a very good rate coming out and then it is going to go up... [post 1 of 2....stay tuned]
8-22-2018 Intel Guru Frank26 [via sunny] For security reasons they are now reprinting LD's...specimens with batch numbers! Huge! Notes will be calculated so not to flood the market. . . This time around. . . told of small notes and metals. . . metals and lower denom’s will co-exist together...2% is alive and happening!
8-22-2018 Newshound Guru Kaperoni ...there are a lot of new factors now in play because the recent sanctions on Iran have caused Iraq's spread to rise just above 2% which technically maybe out of compliance and would require them then to start over with another 90 days once back in compliance. Personally I do not understand why the CBI is waiting now that they have met the 90-day window of compliance back in June. Waiting just puts them at risk which is silly. If they are waiting for the formation of the government then they're probably waiting for the IMF consultation as well so we're really on hold here through the end of the year... [Side NOTE: The latest CBI reported market rate is always listed on the left of this page...the last CBI market rate for the dinar was 1208 reported on 8-20-2018. The CBI has not recorded a market rate outside of the 2% range since ~June 14.]
8-21-2018 *** Dinar Guru News Update *** The Iraqi Federal Court have finally ratified the May 12th election results! Since there was no majority winner, the gurus expect that we will see the forming of alliances between blocks to form the "largest block". Sadr (the winning block) and Abadi (current PM and head of the 3rd place block) have wasted no time and announced their alliance already. The apposing alliance is led by former PM Maliki. The newly elected parliament will meet shortly to begin their bartering process to name the next president. Stay tuned as the news floods in... The latest guru posts will continue below...
8-21-2018 Intel Guru Frank26 "Well-informed source said on Tuesday that Iraq’s President Fuad Masum will invite the parliament to hold its first session on August 30." IN OTHER WORDS ...IMO …THE USA IS TOTALLY IN CONTROL OF ALL BREATHING IN IRAQ ...FROM THE ALREADY PICKED AND FORMED PARL TO THE IQD'S RI OF THE MR.
8-21-2018 Newshound Guru Kaperoni I...got a note from another member who wrote the IMF and asked about Iraq's Article IV Consultation the response indicates that the IMF is waiting until after the formation of the government which could be next year hopefully sooner. I have said in the past that I believe that consultation must occur prior to Iraq moving to Article VIII it's not a requirement but it would be a good review of the banking system and encouragement. If I am correct and the CBI is going to wait until that consultation occurs then we have a few more months to wait. Though technically the CBI could write the letter to the IMF at any moment and request Article VIII acceptance. And if they are in compliance the IMF would would agree.
8-21-2018 Newshound Guru Currency365 Maybe Tuesday they will officially announce in public the largest Bloc...Also Abadi, Sadr, Hakim, Allawi, & Kurds form a new alliance against al-Malik...So MALIKI IS OUT!!! Also Haider Abadi expels Faleh Fayyad from the alliance of victory...I CAN SEE THE FINISH LINE...
8-21-2018 Intel Guru Frank26 [via clare] USA is in Control! POTUS -basically slapped everyone...Iran...Maliki...it worked!! USA wants them to RI! Everything is done but there are variables...choke out Iran & kill the Virus of their political structure...Remember time frame ****8/18-28th****... The minute you see the HCL...next breath is RI...August for preparation...September for implementation... The future is NOW!!!
8-21-2018 Intel Guru Delta IQD EXCHANGE IN IRAQI MARKET FROM CBI ...
12-Aug 1212 1207
13-Aug 1209 1205
14-Aug 1208 1205
15-Aug 1209 1205
16-Aug 1209 1205
19-Aug 1208 1205
20-Aug 1208 1205...2% STILL..
[Side NOTE: The latest CBI reported market rate is always listed on the left of this page...the last CBI market rate for the dinar was 1208 reported on 8-20-2018. The CBI has not recorded a market rate outside of the 2% range since ~June 14.]
8-21-2018 Newshound/Intel Guru Mnt Goat We all should realize by now this sorting and re-counting was nothing more than a dog and pony show. It was a well-orchestrated stalling tactic that almost back-fired on them. But now it appears it is coming to an end as they move ahead. Did they have a target date? No, as I said before it is not about a target date for the RV. ...But what did happen is they needed to get the corruption under control and weed out or neutralize those involved. They are moving ahead again since they feel this is now accomplished. ...We still have to hear from the CBI since this is the entity that will trigger the reinstatement... I am focused on the Central Bank of Iraq (CBI). The CBI has recently told me there will be a massive re-education campaign to educate the people. They said to look at the billboards and TV but mostly the news media articles coming forth in the very near future. Yes, I think we are still looking at some timeframe maybe in September and certainly not before.
8-21-2018 Newshound Guru Kaperoni I...got a note from another member who wrote the IMF and asked about Iraq's Article IV Consultation the response indicates that the IMF is waiting until after the formation of the government which could be next year hopefully sooner. I have said in the past that I believe that consultation must occur prior to Iraq moving to Article VIII it's not a requirement but it would be a good review of the banking system and encouragement. If I am correct and the CBI is going to wait until that consultation occurs then we have a few more months to wait. Though technically the CBI could write the letter to the IMF at any moment and request Article VIII acceptance. And if they are in compliance the IMF would would agree.
8-21-2018 Newshound Guru Currency365 Maybe Tuesday they will officially announce in public the largest Bloc...Also Abadi, Sadr, Hakim, Allawi, & Kurds form a new alliance against al-Malik...So MALIKI IS OUT!!! Also Haider Abadi expels Faleh Fayyad from the alliance of victory...I CAN SEE THE FINISH LINE...
8-21-2018 Intel Guru Frank26 [via clare] USA is in Control! POTUS -basically slapped everyone...Iran...Maliki...it worked!! USA wants them to RI! Everything is done but there are variables...choke out Iran & kill the Virus of their political structure...Remember time frame ****8/18-28th****... The minute you see the HCL...next breath is RI...August for preparation...September for implementation... The future is NOW!!!
8-21-2018 Intel Guru Delta IQD EXCHANGE IN IRAQI MARKET FROM CBI ...
12-Aug 1212 1207
13-Aug 1209 1205
14-Aug 1208 1205
15-Aug 1209 1205
16-Aug 1209 1205
19-Aug 1208 1205
20-Aug 1208 1205...2% STILL..
[Side NOTE: The latest CBI reported market rate is always listed on the left of this page...the last CBI market rate for the dinar was 1208 reported on 8-20-2018. The CBI has not recorded a market rate outside of the 2% range since ~June 14.]
8-21-2018 Newshound/Intel Guru Mnt Goat We all should realize by now this sorting and re-counting was nothing more than a dog and pony show. It was a well-orchestrated stalling tactic that almost back-fired on them. But now it appears it is coming to an end as they move ahead. Did they have a target date? No, as I said before it is not about a target date for the RV. ...But what did happen is they needed to get the corruption under control and weed out or neutralize those involved. They are moving ahead again since they feel this is now accomplished. ...We still have to hear from the CBI since this is the entity that will trigger the reinstatement... I am focused on the Central Bank of Iraq (CBI). The CBI has recently told me there will be a massive re-education campaign to educate the people. They said to look at the billboards and TV but mostly the news media articles coming forth in the very near future. Yes, I think we are still looking at some timeframe maybe in September and certainly not before.
8-20-2018 Newshound Guru chattels My sense is that there will be an announcement of a largest bloc sooner rather than later in this election cycle because there is a movement to avoid quotas. In order to do so the largest bloc must be clearly established at / by the convening of the Parliament and election of the President / Speaker of Parliament. There is talk of Iraq being out of compliance on the spread between the official rate and the parallel market rate. [NOTE: The official (And LATEST) CBI tracked market rate for the dinar is always listed in the left column of this page. As of 8-20-2018 the rate has remained within 2% range for 90 days.]
8-20-2018 Intel Guru Frank26 TIMES...ARE SERIOUS...TO WAIT...IS TO CONSUME TIME...IMO...IT IS TIME.
8-20-2018 Newshound Guru Kaperoni Well unoffically the CBI seems to have fallen out of compliance now with the spread at 1215 to $1. What that means more than likely is they will have to get back in compliance and hold it for another 90 days. So unfortunately it doesn't look like the Central Bank of Iraq will be moving to Article VIII anytime soon. I'm not officially writing off the Central Bank of Iraq yet going to give it a day or two to make sure they are in or out of compliance. Because these numbers are not official if tomorrow's numbers are lower they could be back in compliance. On another note it looks like the government is moving forward with the largest bloc being formed and announced. [NOTE: The official (And LATEST) CBI tracked market rate for the dinar is always listed in the left column of this page. As of 8-20-2018 the rate has remained within 2% range for 90 days.]
8-20-2018 Intel Guru RayRen98 It has been reported that today on Iraqi TV Prime Minister Abadi has been calling for the government of Iraq to form immediately. Iraqi TV is reporting first meeting of Parliament will be on the 28th after the Eid holiday. Quote: "Abdullah Alawi, adviser to President Fuad Masum, said on Sunday that the latter will follow the Eid holiday to invite the new parliament to convene, while referring to the expectations that the first session on 28 of this month."
8-20-2018 Newshound/Intel Guru Mnt Goat "...the judiciary announced that they completed ratification of the names of the winners of the last parliamentary elections. On Monday, Aug 20th, was quoted, the names of the winners of the elections in the Federal Court will be approved and announced." So this week should be exciting for us but not RV exciting. The question now still remains - What will the CBI now do since the election saga is just about over? I am told they will progress forward with the “project to delete the zeros” once again. We can do nothing but take a deep breath, relax and wait and see how the CBI reacts.
8-20-2018 Newshound Guru Currency365 "The Iraqi Federal Court also approved Today the manual recount of the disputed votes cast during the parliamentary election, while previous Prime Minister Nouri al-Maliki met with US Special Presidential Envoy Brett McGurk on Sunday." ...Iraq will announce the largest bloc in the coming hours!!! LETS SEE WHOS IN AND WHOS OUT...standby.
8-20-2018 Intel Gurus Delta and Frank26 "URGENT FROM IRAIQA TV: ANNOUNCEMENT OF THE FORMATION OF THE LARGEST BLOC" WHAT A TIMING...IT'S ABOUT TIME!! ...INTERESTING...IS THAT...IT'S RIGHT IN FRONT OF OUR...EYES AND THE NET... [IS THAT FRANK & DELTA NOW SINGING - THE FINAL COUNTDOWN?] AH...YEAH...
8-20-2018 Intel Guru Frank26 TIMES...ARE SERIOUS...TO WAIT...IS TO CONSUME TIME...IMO...IT IS TIME.
8-20-2018 Newshound Guru Kaperoni Well unoffically the CBI seems to have fallen out of compliance now with the spread at 1215 to $1. What that means more than likely is they will have to get back in compliance and hold it for another 90 days. So unfortunately it doesn't look like the Central Bank of Iraq will be moving to Article VIII anytime soon. I'm not officially writing off the Central Bank of Iraq yet going to give it a day or two to make sure they are in or out of compliance. Because these numbers are not official if tomorrow's numbers are lower they could be back in compliance. On another note it looks like the government is moving forward with the largest bloc being formed and announced. [NOTE: The official (And LATEST) CBI tracked market rate for the dinar is always listed in the left column of this page. As of 8-20-2018 the rate has remained within 2% range for 90 days.]
8-20-2018 Intel Guru RayRen98 It has been reported that today on Iraqi TV Prime Minister Abadi has been calling for the government of Iraq to form immediately. Iraqi TV is reporting first meeting of Parliament will be on the 28th after the Eid holiday. Quote: "Abdullah Alawi, adviser to President Fuad Masum, said on Sunday that the latter will follow the Eid holiday to invite the new parliament to convene, while referring to the expectations that the first session on 28 of this month."
8-20-2018 Newshound/Intel Guru Mnt Goat "...the judiciary announced that they completed ratification of the names of the winners of the last parliamentary elections. On Monday, Aug 20th, was quoted, the names of the winners of the elections in the Federal Court will be approved and announced." So this week should be exciting for us but not RV exciting. The question now still remains - What will the CBI now do since the election saga is just about over? I am told they will progress forward with the “project to delete the zeros” once again. We can do nothing but take a deep breath, relax and wait and see how the CBI reacts.
8-20-2018 Newshound Guru Currency365 "The Iraqi Federal Court also approved Today the manual recount of the disputed votes cast during the parliamentary election, while previous Prime Minister Nouri al-Maliki met with US Special Presidential Envoy Brett McGurk on Sunday." ...Iraq will announce the largest bloc in the coming hours!!! LETS SEE WHOS IN AND WHOS OUT...standby.
8-20-2018 Intel Gurus Delta and Frank26 "URGENT FROM IRAIQA TV: ANNOUNCEMENT OF THE FORMATION OF THE LARGEST BLOC" WHAT A TIMING...IT'S ABOUT TIME!! ...INTERESTING...IS THAT...IT'S RIGHT IN FRONT OF OUR...EYES AND THE NET... [IS THAT FRANK & DELTA NOW SINGING - THE FINAL COUNTDOWN?] AH...YEAH...
8-19-2018 Newshound Guru Kaperoni "Iraq’s Federal Supreme Court has now ratified the election results" So with the ratified election results political parties are meeting to form the largest bloc. An official announcement may come in the next day or so.
8-19-2018 Newshound Guru MilitiaMan They are imo finishing the process at that accelerated pace we have heard of. They even now are saying within hours or by tomorrow they will ratify the elections...Not that that has to be done, imo, it will be done though. I see it as a measure of safety and all to be on the up and up...And imo, it will be before the rate changes internationally for that reason and maybe others...Fascinating times...imo..
8-19-2018 Guest Guru Kathy The elections have been ratified as of this morning. They say they will announce the largest block this evening and the first parliament meeting will be within one day!! Agreed US troops will stay in Iraq to ensure security and become trainers!...
8-19-2018 Newshound Guru chattels Article: "Central Bank: adopt a mechanism to prevent rising from $ 100 thousand dinars Al121" Quote: "... the Central Bank of Iraq several measures and mechanisms adopted in order to maintain the stability of the dollar exchange rate against the Iraqi dinar at 121 thousand dinars for each $ 100." The foregoing article is interesting in that it confirms the intentionality of the CBI regarding maintaining a stability range on the value of the dinar relative to the dollar.
8-19-2018 Newshound Guru Adam Montana [..if, (big IF) the election results become official by the end of next week (after holiday) how long would you speculate that it would take to seat the new parliament and start conducting business? I realize this is Iraq and anything or nothing may happen SOON.] We're looking at about a 30 day cycle right now, IMO
8-19-2018 Newshound Guru Don961 Article: “An economist reveals the bank's printing of large amounts of currency with small categories to replace them with damage” ...from previous articles ... this will also help get more of the existing 3 zeroes out from under those mattresses ... and replace them with these smaller denominations ... because as other articles showed from the CBI ... these lower denom notes will be pushed ... in the marketplace ... and in the banks .. which will also get citizens enured to using smaller notes ... and make the transition to the RI lower denoms much more realistic psychologically ... another step ...imo
8-19-2018 Newshound Guru MilitiaMan They are imo finishing the process at that accelerated pace we have heard of. They even now are saying within hours or by tomorrow they will ratify the elections...Not that that has to be done, imo, it will be done though. I see it as a measure of safety and all to be on the up and up...And imo, it will be before the rate changes internationally for that reason and maybe others...Fascinating times...imo..
8-19-2018 Guest Guru Kathy The elections have been ratified as of this morning. They say they will announce the largest block this evening and the first parliament meeting will be within one day!! Agreed US troops will stay in Iraq to ensure security and become trainers!...
8-19-2018 Newshound Guru chattels Article: "Central Bank: adopt a mechanism to prevent rising from $ 100 thousand dinars Al121" Quote: "... the Central Bank of Iraq several measures and mechanisms adopted in order to maintain the stability of the dollar exchange rate against the Iraqi dinar at 121 thousand dinars for each $ 100." The foregoing article is interesting in that it confirms the intentionality of the CBI regarding maintaining a stability range on the value of the dinar relative to the dollar.
8-19-2018 Newshound Guru Adam Montana [..if, (big IF) the election results become official by the end of next week (after holiday) how long would you speculate that it would take to seat the new parliament and start conducting business? I realize this is Iraq and anything or nothing may happen SOON.] We're looking at about a 30 day cycle right now, IMO
8-19-2018 Newshound Guru Don961 Article: “An economist reveals the bank's printing of large amounts of currency with small categories to replace them with damage” ...from previous articles ... this will also help get more of the existing 3 zeroes out from under those mattresses ... and replace them with these smaller denominations ... because as other articles showed from the CBI ... these lower denom notes will be pushed ... in the marketplace ... and in the banks .. which will also get citizens enured to using smaller notes ... and make the transition to the RI lower denoms much more realistic psychologically ... another step ...imo
8-18-2018 Newshound/Intel Guru Mnt Goat Article quote: "Observers told The Baghdad Post that a number of Iraqi banks and foreign exchange companies have begun to send U.S. dollars to Iran." ...the banks and exchanges get the US dollars by going to the CBI currency auctions. Quote: "...THEY CALLED ON THE IRAQI GOVERNMENT TO TAKE SERIOUS ACTIONS TO STOP THE IRANIAN PLAN THAT AIM TO STEAL IRAQ'S WEALTH OF HARD CURRENCY..." ...the ONLY way they can do this is to stop the currency auctions and reinstate the dinar. If the CBI had done this years ago this would all have been sorted out by now and the Iraqi dinar would be like any other middle eastern currency. So these problems that are going to get much worst are going to come from the delay in the reinstatement of the dinar by the CBI and IMF. What the hell are they waiting for? ...Thus stop the currency auctions and reinstate the dinar with some real value.
8-18-2018 Newshound/Intel Guru tman23 [Quote from Guru Randy Koonce post 8-18-2018] "remove 000's" does NOT mean a LOP. It just means they want to get them "off the street". A. FACT REGARDING A MEETING AMONG BANKERS IN DUBAI...A PERSON FROM THE CBI USED THE PHRASE...LIFT THE ZEROS FROM THE NOTES...That does not indicate removing anything from the streets, it indicates removing 3 zeros from the notes...
8-18-2018 Newshound Guru chattels [...is that 2% really going to be held to the letter] Actually there is no " official " information so we are guessing at best... as RandyK [Guru Randy Koonce] stated, this may not be a "textbook" economic process or event.
8-18-2018 Intel Guru RayRen98 Iraqi TV is reporting a meeting scheduled for Monday that will resolve all of the block issues. Also projecting ratification of the elections will be finalized on Monday.
8-18-2018 Intel Guru Randy Koonce Everyone asks me: How does Iraq Pay for this? This event does not Cost Iraq anything. Many say that Iraq has over $35 trillion out on the market and would never be able to pay for this. The truth is Iraq has only $35 trillion and that includes the new bills. What do I mean by new bills? Those are the 1, 5, 10, 20 dinar notes... When they RV, it will by design bring in the Large Bills: "Remove the 000'S" from the Street". If you notice, "remove 000's" does NOT mean a LOP. It just means they want to get them "off the street". And by the intentional design of this event, if you bring the RV out low, like at 10 Cents and the USD is worth more than the Dinar, then the Dinar will not come off the street because they will keep their Dinar and just use the USD. [reference Guru Randy Koonce post 8-17-2018, part 2, for his rate information]
8-18-2018 Newshound/Intel Guru Mnt Goat The IMF does not want to put the Dinar out on a float at 1190 or any other program rate. ...I can give you a long list of reasons why it might not be a very good idea at this point in time to have a rate of 1190 on FOREX or any of the other global exchanges. ...there is one FACT...and that is the plan to move the dinar off the de facto peg with the US dollar to a new SDR peg with 5 other currencies from the developed countries. This is the key with this new peg in that they plan to set a new rate according to the new peg. ...This NEW PEG is what will get us the new rate we are looking for. ...normally, in past experiences, that when the IMF has done this repegging, they normally come out at about $1 USD equivalent. Then they float it and let the market drive it further. It does not normally take long to adjust and settle to the true value. The Balassa Samuelson effect is still in play and large amounts of capital can come into Iraq to rebuild just starting at 1:1 and not 1190:1. So Kap [Guru Kaperoni] is half right.
8-18-2018 Newshound Guru Kaperoni The Federal Court in Iraq will validate the election results on Monday
8-18-2018 Newshound/Intel Guru tman23 [Quote from Guru Randy Koonce post 8-18-2018] "remove 000's" does NOT mean a LOP. It just means they want to get them "off the street". A. FACT REGARDING A MEETING AMONG BANKERS IN DUBAI...A PERSON FROM THE CBI USED THE PHRASE...LIFT THE ZEROS FROM THE NOTES...That does not indicate removing anything from the streets, it indicates removing 3 zeros from the notes...
8-18-2018 Newshound Guru chattels [...is that 2% really going to be held to the letter] Actually there is no " official " information so we are guessing at best... as RandyK [Guru Randy Koonce] stated, this may not be a "textbook" economic process or event.
8-18-2018 Intel Guru RayRen98 Iraqi TV is reporting a meeting scheduled for Monday that will resolve all of the block issues. Also projecting ratification of the elections will be finalized on Monday.
8-18-2018 Intel Guru Randy Koonce Everyone asks me: How does Iraq Pay for this? This event does not Cost Iraq anything. Many say that Iraq has over $35 trillion out on the market and would never be able to pay for this. The truth is Iraq has only $35 trillion and that includes the new bills. What do I mean by new bills? Those are the 1, 5, 10, 20 dinar notes... When they RV, it will by design bring in the Large Bills: "Remove the 000'S" from the Street". If you notice, "remove 000's" does NOT mean a LOP. It just means they want to get them "off the street". And by the intentional design of this event, if you bring the RV out low, like at 10 Cents and the USD is worth more than the Dinar, then the Dinar will not come off the street because they will keep their Dinar and just use the USD. [reference Guru Randy Koonce post 8-17-2018, part 2, for his rate information]
8-18-2018 Newshound/Intel Guru Mnt Goat The IMF does not want to put the Dinar out on a float at 1190 or any other program rate. ...I can give you a long list of reasons why it might not be a very good idea at this point in time to have a rate of 1190 on FOREX or any of the other global exchanges. ...there is one FACT...and that is the plan to move the dinar off the de facto peg with the US dollar to a new SDR peg with 5 other currencies from the developed countries. This is the key with this new peg in that they plan to set a new rate according to the new peg. ...This NEW PEG is what will get us the new rate we are looking for. ...normally, in past experiences, that when the IMF has done this repegging, they normally come out at about $1 USD equivalent. Then they float it and let the market drive it further. It does not normally take long to adjust and settle to the true value. The Balassa Samuelson effect is still in play and large amounts of capital can come into Iraq to rebuild just starting at 1:1 and not 1190:1. So Kap [Guru Kaperoni] is half right.
8-18-2018 Newshound Guru Kaperoni The Federal Court in Iraq will validate the election results on Monday
8-17-2018 Intel Guru Bruce [via PinkRoses] ...a lot of our sources, a lot of our people have gone silent more than we ever had. We had banks we can talk to, redemption centers we can talk to, people in the financial business that are watching this, variety of sources, but right now most of the ones that we talk to are under gag orders and some have signed NDAs and cannot talk to us. ...Where we are right now is we had an opportunity to go last night. It didn’t happen I believe due to some security concerns...My understanding is they were remedied, fixed where they were no longer an issue. That is how close we were going...I believe that we are in a position for this to go down just about to the point of any moment. ...The rates that have come up that we have known about and the projected rates that we are talking about are very good and even higher than we have talked about that we knew in the past or that I knew about in the past... ...We are in a really good place right now for this to come down still this week. That is what I am hearing, and I believe that is what the plan is.
8-17-2018 Intel Guru Randy Koonce Right now, the pressure for this to take place is Very Great. As in, 'Extremely Huge'. Our POTUS does not care who the PM will be. He believes we can work with anyone. ...However, there is an 'agency' who got in the middle of their election process, and once again delayed the rate change. Now, that 'agency' is really wanting this to happen. So, what do we need to see? We need to see the Election ratified by the Federal Court; the 'Coalition' needs to be announced; and the next PM will then be announced. Then our event will happen! However, if these events drag out, then the Event we are looking for just might happen without the Government. It's possible. So our 'window' will last to the end of the month of August, with a strong possibility for next week. The pressure will only get stronger closer to end of month. ...We REALLY are in the final stages of this. I know that this administration wants this to be over, and they (he) wants it over NOW!! We are SO close ...So, hang in there Everyone. It's coming, one way or the other!! Breathe. [Post 3 of 3]
8-17-2018 Intel Guru Randy Koonce People say that it is not pegged to the Dollar anymore. That is BS. The Dinar is currently pegged to 3 currencies, and will continue to be pegged that way. When they change the value, they will be able to determine how much and where. No one knows the exact Rate other than Shabibbi (still involved in the CBI) and the Governor of the CBI. They were given a "Range to Revalue the Currency". And that range begins at $1.50. Iraq actually needs it to be around $2.50 to be able to pay everyone and everything, and $1.50 will not leave them the ability to pay back the loans they will receive. So, I am of the OPINION it will come in higher than that. But we will see... [post 2 of 3....stay tuned]
8-17-2018 Intel Guru Randy Koonce First, we are in a new window of opportunity 'right now'. When I say that, it does NOT mean it will happen "without a doubt in this current window" (Remember: It's Iraq!). What it does mean is that there is a very good chance for the rate to finally change. Now. ...I hope that one day I might get the opportunity to explain why this has taken so long. There are so many factors at work. More than one person and/or agency has had influence on the RV. It has become far more political than anyone ever intended or expected. Also, for anyone who thinks this will come out at 10 cents and float up - they do not know how this system will work and did not read the right articles from the right people. This was never planned to be an 'economic text book' event. The Currency will be a MANAGED FLOAT. The word 'managed' is the clue. It means that 'someone' will determined when to move it and how much. The Dinar right now is on a Managed Float. So, you can see that if it does not RV that it will not move... [post 1 of 3....stay tuned]
8-17-2018 Intel Guru Jester SOMEONE MAY HAVE GOT PAID ... WE ARE BUSY CHECKING IT OUT... GOT THE WOLF [GURU REDWOLF] ... AND MARKZ [GURU MARKZ] AND EVERYONE LOOKING...HOPEFULLY SOME GOOD NEWS ... SATURDAY...
8-17-2018 Newshound Guru Kaperoni Iraq is on the verge of falling out of compliance at today's auction 1212 to 1 US dollar. If they don't reverse this in the next day or so they will fall out of compliance and then I expect the wheels to come off as Maliki attempts to drain dollars to help Iran. And despite what the gurus will say, it could be months at least three but probably more like years before they get back in line because I don't expect sanctions on Iran to be lifted anytime soon. Crooks like Maliki will realize that they are out of compliance and do everything they can to help their allegiance to Iran and to reverse that it could take years. The last time this occurred was in 2012 and look it's 2018 now. Ideally I believe the US Embassy in Iraq should step in and remove all of these corrupt politicians and start with a clean slate with the hope of a short window to begin reforms. So the next two to four weeks will be very telling... To see if the CBI can maintain the spread and if the government can be formed. [You can always see the latest CBI reported market rate and official rate on the left side of this page]
8-17-2018 Newshound Guru Adam Montana Article: "Federal Court to postpone the case of the export of oil Kurdistan directly to next month" Quote: "On Sunday, the Federal Supreme Court postponed the appeal against the export of oil from Kurdistan directly to the third day of next month." [The...article seems to indicate the Oil and Gas PROVISIONS can be implemented via the Federal Court....If so, the HCL related considerations may be applied more instantaneous than having to go through the upcoming newly seated Parliament, ratified by the yet to be elected President, and then published in the Gazette.] THIS is the reason I'm so excited right now! You are 100% correct - the HCL (OIL AND GAS!) can be implemented at any time! ANY TIME!...
8-17-2018 Intel Gurus Delta and Frank26 Article quote: "The value of the Iraqi currency fell from 1200 dinars to the dollar last Sunday, to 1210 dinars now..." THEY HAVE TO MOVE FASTER NOW... DO SOMETHING OR FALL OUT OF 2% COMPLIANT!!! [You can always see the latest CBI reported market rate and official rate on the left side of this page]
8-17-2018 Intel Guru Randy Koonce Right now, the pressure for this to take place is Very Great. As in, 'Extremely Huge'. Our POTUS does not care who the PM will be. He believes we can work with anyone. ...However, there is an 'agency' who got in the middle of their election process, and once again delayed the rate change. Now, that 'agency' is really wanting this to happen. So, what do we need to see? We need to see the Election ratified by the Federal Court; the 'Coalition' needs to be announced; and the next PM will then be announced. Then our event will happen! However, if these events drag out, then the Event we are looking for just might happen without the Government. It's possible. So our 'window' will last to the end of the month of August, with a strong possibility for next week. The pressure will only get stronger closer to end of month. ...We REALLY are in the final stages of this. I know that this administration wants this to be over, and they (he) wants it over NOW!! We are SO close ...So, hang in there Everyone. It's coming, one way or the other!! Breathe. [Post 3 of 3]
8-17-2018 Intel Guru Randy Koonce People say that it is not pegged to the Dollar anymore. That is BS. The Dinar is currently pegged to 3 currencies, and will continue to be pegged that way. When they change the value, they will be able to determine how much and where. No one knows the exact Rate other than Shabibbi (still involved in the CBI) and the Governor of the CBI. They were given a "Range to Revalue the Currency". And that range begins at $1.50. Iraq actually needs it to be around $2.50 to be able to pay everyone and everything, and $1.50 will not leave them the ability to pay back the loans they will receive. So, I am of the OPINION it will come in higher than that. But we will see... [post 2 of 3....stay tuned]
8-17-2018 Intel Guru Randy Koonce First, we are in a new window of opportunity 'right now'. When I say that, it does NOT mean it will happen "without a doubt in this current window" (Remember: It's Iraq!). What it does mean is that there is a very good chance for the rate to finally change. Now. ...I hope that one day I might get the opportunity to explain why this has taken so long. There are so many factors at work. More than one person and/or agency has had influence on the RV. It has become far more political than anyone ever intended or expected. Also, for anyone who thinks this will come out at 10 cents and float up - they do not know how this system will work and did not read the right articles from the right people. This was never planned to be an 'economic text book' event. The Currency will be a MANAGED FLOAT. The word 'managed' is the clue. It means that 'someone' will determined when to move it and how much. The Dinar right now is on a Managed Float. So, you can see that if it does not RV that it will not move... [post 1 of 3....stay tuned]
8-17-2018 Intel Guru Jester SOMEONE MAY HAVE GOT PAID ... WE ARE BUSY CHECKING IT OUT... GOT THE WOLF [GURU REDWOLF] ... AND MARKZ [GURU MARKZ] AND EVERYONE LOOKING...HOPEFULLY SOME GOOD NEWS ... SATURDAY...
8-17-2018 Newshound Guru Kaperoni Iraq is on the verge of falling out of compliance at today's auction 1212 to 1 US dollar. If they don't reverse this in the next day or so they will fall out of compliance and then I expect the wheels to come off as Maliki attempts to drain dollars to help Iran. And despite what the gurus will say, it could be months at least three but probably more like years before they get back in line because I don't expect sanctions on Iran to be lifted anytime soon. Crooks like Maliki will realize that they are out of compliance and do everything they can to help their allegiance to Iran and to reverse that it could take years. The last time this occurred was in 2012 and look it's 2018 now. Ideally I believe the US Embassy in Iraq should step in and remove all of these corrupt politicians and start with a clean slate with the hope of a short window to begin reforms. So the next two to four weeks will be very telling... To see if the CBI can maintain the spread and if the government can be formed. [You can always see the latest CBI reported market rate and official rate on the left side of this page]
8-17-2018 Newshound Guru Adam Montana Article: "Federal Court to postpone the case of the export of oil Kurdistan directly to next month" Quote: "On Sunday, the Federal Supreme Court postponed the appeal against the export of oil from Kurdistan directly to the third day of next month." [The...article seems to indicate the Oil and Gas PROVISIONS can be implemented via the Federal Court....If so, the HCL related considerations may be applied more instantaneous than having to go through the upcoming newly seated Parliament, ratified by the yet to be elected President, and then published in the Gazette.] THIS is the reason I'm so excited right now! You are 100% correct - the HCL (OIL AND GAS!) can be implemented at any time! ANY TIME!...
8-17-2018 Intel Gurus Delta and Frank26 Article quote: "The value of the Iraqi currency fell from 1200 dinars to the dollar last Sunday, to 1210 dinars now..." THEY HAVE TO MOVE FASTER NOW... DO SOMETHING OR FALL OUT OF 2% COMPLIANT!!! [You can always see the latest CBI reported market rate and official rate on the left side of this page]
8-16-2018 Newshound Guru Kaperoni Concerns rise over the stability of the dinar. Todays market rate is reported at 1210 to $1. Dangerously close to falling out of IMF compliance. Some articles are even reporting 1212 to $1...Which is only 2 dinar from 1214 the max under the 2% rule. [You can always see the latest CBI reported market rate and official rate on the left side of this page]
8-16-2018 Newshound Guru Adam Montana Article: "Iraq invests $ 24.5 billion in US Treasuries" Why would Iraq be investing in US Treasuries? That's a good question, and I think the answer is obvious - both the US and Iraq are going forward in a positive direction, so it's a smart play. We are on the smart side of that play, and here's the best part: I don't have to beat that drum - Iraq is doing it for me.
8-16-2018 Guest Guru Mark It's important that they build a budget so they can create monetary policy for the Central Bank. They're not building an exchange rate in the budget...they are basing it on what they have today. You're not going to find it in any budget...never been in any budget in the past and I don't believe it's going to be in any budget going forward. When they eventually do this it's a process...and when they do make the change they will have under discussion and under ideas of how they are going to make these changes and they will ultimately alter the budget based on the new value of the currency. So if you're...thinking I have to look at the budget to see if it's in there....don't. It's not going to be there, it never has and never will be.
8-16-2018 Newshound/Intel Guru Mnt Goat As the breaking news evolves, we will see more and more emphasis on the Iraq / Iran relationship and the impacts of the sanctions. I am telling everyone right now...that unless the CBI moves ahead on the reinstatement of the dinar quickly, once the govt is formed, we will be in a situation that the November Iranian sanctions will delay the CBI once again possibility until 2019.
8-16-2018 Newshound/Intel Guru David M. Witty Iraqi Election Commission sends final election results to Federal Court for official approval. Complaint period complete.
8-16-2018 Newshound Guru Currency365 Things are quiet right now maybe too quiet lol but its already Aug 15th and many important dates are coming up very soon so we just stand firm and wait for the excitement to being.
8-16-2018 Newshound Guru Adam Montana [...do you really think Iraq CBI will RV their currency during 2018 and/or early 2019?...] For the record, I do believe that we are in the final stretch. It may seem like they have been kicking the can down the road, but when you stop to examine all the details, it really makes sense. If they had Revalued their currency in 2013, or 14, it would have been a disaster! They didn't have the infrastructure, the stability, or anything else they needed to make it a success. Today, we're in a different boat. NOW it is possible, and before it was not.
8-16-2018 Newshound Guru Adam Montana Article: "Iraq invests $ 24.5 billion in US Treasuries" Why would Iraq be investing in US Treasuries? That's a good question, and I think the answer is obvious - both the US and Iraq are going forward in a positive direction, so it's a smart play. We are on the smart side of that play, and here's the best part: I don't have to beat that drum - Iraq is doing it for me.
8-16-2018 Guest Guru Mark It's important that they build a budget so they can create monetary policy for the Central Bank. They're not building an exchange rate in the budget...they are basing it on what they have today. You're not going to find it in any budget...never been in any budget in the past and I don't believe it's going to be in any budget going forward. When they eventually do this it's a process...and when they do make the change they will have under discussion and under ideas of how they are going to make these changes and they will ultimately alter the budget based on the new value of the currency. So if you're...thinking I have to look at the budget to see if it's in there....don't. It's not going to be there, it never has and never will be.
8-16-2018 Newshound/Intel Guru Mnt Goat As the breaking news evolves, we will see more and more emphasis on the Iraq / Iran relationship and the impacts of the sanctions. I am telling everyone right now...that unless the CBI moves ahead on the reinstatement of the dinar quickly, once the govt is formed, we will be in a situation that the November Iranian sanctions will delay the CBI once again possibility until 2019.
8-16-2018 Newshound/Intel Guru David M. Witty Iraqi Election Commission sends final election results to Federal Court for official approval. Complaint period complete.
8-16-2018 Newshound Guru Currency365 Things are quiet right now maybe too quiet lol but its already Aug 15th and many important dates are coming up very soon so we just stand firm and wait for the excitement to being.
8-16-2018 Newshound Guru Adam Montana [...do you really think Iraq CBI will RV their currency during 2018 and/or early 2019?...] For the record, I do believe that we are in the final stretch. It may seem like they have been kicking the can down the road, but when you stop to examine all the details, it really makes sense. If they had Revalued their currency in 2013, or 14, it would have been a disaster! They didn't have the infrastructure, the stability, or anything else they needed to make it a success. Today, we're in a different boat. NOW it is possible, and before it was not.
8-15-2018 Intel Guru Jester [ ...Turkey's currency has dropped nearly a third in the last week...With all the global banks being so inter-connected do you see that causing a problem for other nations or major banks?] WELL I HAVE THE [GURU] REDWOLF ON THAT ONE... WE THINK IT IS THE START OF REVALUING WEAK CURRENCIES WITH LITTLE GOLD OR ASSET SUPPORT... THERE ARE OTHERS GOING ON RIGHT NOW JUST NOT AS PROLIFIC... THE OPERATIVE WORKING THINKING IS THAT THINGS ARE MOVING ALONG USING OTHER EXCUSES FOR SMOKE SCREEN...
8-15-2018 Newshound Guru Kaperoni ...it is not advantageous for Iraq to sit in Article XIV especially since it's been stated numerous times in the Article IV Consultations that moving to Article VIII will send a positive message to the global investment community. Iraq needs a private-sector badly.
8-15-2018 Intel Guru Footforward You will see alot of people sell or get rid of their dinar as we get closer. This is another sign. I will not be one of these people. Don't be a fool.
8-15-2018 Newshound Guru Adam Montana Is it Groundhog Day? It certainly seems like it, especially after the following: We're still waiting on election results. That's a bummer for everyone waiting on some groundbreaking news, but for most of us... we understand the process, and because we're nearing the end of this chapter, it's not too hard to be patient (for just a LITTLE bit longer!). It's almost mind-boggling to look at the situation and try to understand how it can take them so long to count up a couple of ballots, but that's the way it is. Here's an article that is interesting: "Abadi's chances to assume 2nd term in office decreased" ...it's an Iranian source. Which might mean everything, or nothing. Either way, we're still waiting for the official end of the elections, and until that's done... we are in limbo.
8-15-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, main election winner Sadr's Sairoon Coalition says agreement reached in principle between Sairoon, Nasr, Hikma & Wataniya on forming new governing alliance. New PM to select new cabinet as he likes without party considerations.
8-15-2018 Intel Guru Frank26 Article: "Analyst: US Embassy imposes itself as guardian of Iraqi government decisions" Quotes: "the presence of the American economic team within the embassy came to monitor the financial performance of the government and the extent of Iraq's commitment to the International Monetary Fund."; "the work of the team in monitoring how to deal with the implementation of the conditions of the IMF is a major breach of Iraqi sovereignty." HOW MANY OF YOU BELIEVE THE GOAL OF THE USA IS TO KEEP THE IQD AT A PROGRAM RATE? (Wink) (big Grin)
8-15-2018 Intel Guru Bruce [via PinkRoses] ...We know a lot of our sources are just absolutely quiet between the NDAs and gag orders that are out there. A lot of it is super quiet. We do have some information here and there. Rates that we do have or had the last couple of days are very good. ...As far as we can see the so called John Q Public...the latest timing of that we heard is August 21st - 22nd...Things are coming together and more and more pieces of the puzzle is coming in and we are able to see the picture now which looks great for us...We are excited... We are just at the point right now where we are ready to go.
8-15-2018 Newshound/Intel Guru Mnt Goat Article quote: "The results of the elections proved that Abadi and Jabouri calls to hold manual recounting of parliamentary elections votes were an attempt to achieve political gains"
...this article confirms what I have been saying all along...That the sorting and recounting is a conspiracy to stall the formation of the government. Now having said this – is this really that bad since they needed to stall due to cleaning out the corrupt officials and to form the strongest alliance.
8-15-2018 Newshound Guru Kaperoni ...it is not advantageous for Iraq to sit in Article XIV especially since it's been stated numerous times in the Article IV Consultations that moving to Article VIII will send a positive message to the global investment community. Iraq needs a private-sector badly.
8-15-2018 Intel Guru Footforward You will see alot of people sell or get rid of their dinar as we get closer. This is another sign. I will not be one of these people. Don't be a fool.
8-15-2018 Newshound Guru Adam Montana Is it Groundhog Day? It certainly seems like it, especially after the following: We're still waiting on election results. That's a bummer for everyone waiting on some groundbreaking news, but for most of us... we understand the process, and because we're nearing the end of this chapter, it's not too hard to be patient (for just a LITTLE bit longer!). It's almost mind-boggling to look at the situation and try to understand how it can take them so long to count up a couple of ballots, but that's the way it is. Here's an article that is interesting: "Abadi's chances to assume 2nd term in office decreased" ...it's an Iranian source. Which might mean everything, or nothing. Either way, we're still waiting for the official end of the elections, and until that's done... we are in limbo.
8-15-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, main election winner Sadr's Sairoon Coalition says agreement reached in principle between Sairoon, Nasr, Hikma & Wataniya on forming new governing alliance. New PM to select new cabinet as he likes without party considerations.
8-15-2018 Intel Guru Frank26 Article: "Analyst: US Embassy imposes itself as guardian of Iraqi government decisions" Quotes: "the presence of the American economic team within the embassy came to monitor the financial performance of the government and the extent of Iraq's commitment to the International Monetary Fund."; "the work of the team in monitoring how to deal with the implementation of the conditions of the IMF is a major breach of Iraqi sovereignty." HOW MANY OF YOU BELIEVE THE GOAL OF THE USA IS TO KEEP THE IQD AT A PROGRAM RATE? (Wink) (big Grin)
8-15-2018 Intel Guru Bruce [via PinkRoses] ...We know a lot of our sources are just absolutely quiet between the NDAs and gag orders that are out there. A lot of it is super quiet. We do have some information here and there. Rates that we do have or had the last couple of days are very good. ...As far as we can see the so called John Q Public...the latest timing of that we heard is August 21st - 22nd...Things are coming together and more and more pieces of the puzzle is coming in and we are able to see the picture now which looks great for us...We are excited... We are just at the point right now where we are ready to go.
8-15-2018 Newshound/Intel Guru Mnt Goat Article quote: "The results of the elections proved that Abadi and Jabouri calls to hold manual recounting of parliamentary elections votes were an attempt to achieve political gains"
...this article confirms what I have been saying all along...That the sorting and recounting is a conspiracy to stall the formation of the government. Now having said this – is this really that bad since they needed to stall due to cleaning out the corrupt officials and to form the strongest alliance.
8-14-2018 Intel Guru RayRen98 IRAQI TV REPORTS 240 APPEALS WERE FILED AGAINST THE ELECTION RECOUNT, THE FED COURT WILL SUPPOSEDLY REVIEW EACH OF THEM. STAY CALM...TIME WILL TELL.
8-14-2018 Newshound Guru Don961 Article: "Eid al - Adha holiday in Iraq from Tuesday 21 - 8 until Sunday" Quote: "The Council of Ministers set the Eid al-Adha holiday on Tuesday, August 21, 2018, until Sunday 26 of the same month...official working hours will resume on Monday, August 27."
8-14-2018 Newshound Guru MilitiaMan Article: "Main functions of the Internal Audit Department" Quote: "To manage the work of the internal audit teams and determine their duties, including all departments and branches of the Bank, and to follow up on the performance of its tasks, in compliance with international standards." ...this is telling the world, we are ready once again and clearly laying it out we are abiding by international standards...imo...Evasion of Sanctions will be caught with this highly transparent auditing detail in place. This didn't just get started yesterday...This has been a work in process for years now. This speaks of we are ready even more now, since Alak said so months ago...Very very well timed... Imo...
8-14-2018 Newshound/Intel Guru David M. Witty Iraqi PM backs away from statement that Iraq will fully comply with new U.S. sanctions against Iran. Says for now, Iraq will only not conduct transactions with Iran in dollars. Says other aspects are still being discussed.
8-14-2018 Newshound Guru chattels Article: "Iran-Iraq tensions rise as Tehran demands war compensation Ali Mamouri..." Quote: "The controversy over Iraqi acceptance of the US sanctions and then Iran’s demands for war compensation has divided the Iraqi street into two opposing camps..." Increasingly it appears to me that the US sanctions against Iran are not good for Iraq or our event.
8-14-2018 Guest Guru BobTheTaxman …One of the things that Trump did which I was really appreciative of was the fact that he recognizes that it is…the middle income of America that is the machine that keeps the finances of the whole freaking world going…to lower the taxes and to give everyone the opportunity to breath, to expand their world, to achieve a retirement…The thing that I happen to get out of doing this is helping to take the fear out. In my career of doing taxes I always taught several saying I really enjoyed. 1. G.O.D. and the I.R.S. are not the same. Pigs get fat and Hogs get slaughtered. So learning how to play the game gives peace. When you have peace everything else is a lot more fun. Period…The other part of it is to be able to take what I have managed to learned over the past 30 some odd years and to apply it directly to our dinar investment brings me great peace. Brings me great joy. And I love showing people it’s not nearly as complicated. And the 2018 tax laws - man, those are a godsend for us! They are phenomenal… [He recommends speaking with SIX tax professionals at the appropriate time and picking the one you feel "listens" the most. ]
8-14-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQI PRIME MINISTER HAIDER AL-ABADI’S COMMENTS THAT HIS COUNTRY WOULD ABIDE BY US SANCTIONS TAKEN ON IRAN" ...don’t dismiss the impact these sanctions will have on Iraq. This is going to be the next real “BIGGIE” that we have to worry about if they don’t push out this reinstatement of the dinar real soon...They let the target of Dec-Jan for the reinstatement melt away due to the corruption and so here we are in August...and still no RV. And so, although I support president Trump in finally enforcing with the Iranians the “red line”, I think this too may overflow into the objectives of our investment – the reinstatement of the dinar. These sanctions are going to be real intense for Iran... Quote: “...Iran will seek to stop the collapse of its local currency by getting the dollar at any price from neighboring countries, while .pointing out that Iraq is the closest of these countries Iran will seek to stop the collapse of its local currency by getting the dollar at any price, Iraq"
8-14-2018 Newshound Guru chattels Quote: "Revealed the current national wisdom headed by Ammar al - Hakim, on Monday, ...the next three days will see the introduction of new names for prime minister." Ali Mohammad Al-Hussein Ali Al-Adeeb has been mentioned recently, but he is arguably a Maliki proxy. And, The man who may become Iraq’s next Prime Minister Jaafar al-Sadr is a strong candidate to take the top job, but there are plenty of obstacles in his way. Abadi heads the Iraqi Caretaker Government as PM until replaced and he is the choice of the U.S.
8-14-2018 Newshound Guru Don961 Article: "Eid al - Adha holiday in Iraq from Tuesday 21 - 8 until Sunday" Quote: "The Council of Ministers set the Eid al-Adha holiday on Tuesday, August 21, 2018, until Sunday 26 of the same month...official working hours will resume on Monday, August 27."
8-14-2018 Newshound Guru MilitiaMan Article: "Main functions of the Internal Audit Department" Quote: "To manage the work of the internal audit teams and determine their duties, including all departments and branches of the Bank, and to follow up on the performance of its tasks, in compliance with international standards." ...this is telling the world, we are ready once again and clearly laying it out we are abiding by international standards...imo...Evasion of Sanctions will be caught with this highly transparent auditing detail in place. This didn't just get started yesterday...This has been a work in process for years now. This speaks of we are ready even more now, since Alak said so months ago...Very very well timed... Imo...
8-14-2018 Newshound/Intel Guru David M. Witty Iraqi PM backs away from statement that Iraq will fully comply with new U.S. sanctions against Iran. Says for now, Iraq will only not conduct transactions with Iran in dollars. Says other aspects are still being discussed.
8-14-2018 Newshound Guru chattels Article: "Iran-Iraq tensions rise as Tehran demands war compensation Ali Mamouri..." Quote: "The controversy over Iraqi acceptance of the US sanctions and then Iran’s demands for war compensation has divided the Iraqi street into two opposing camps..." Increasingly it appears to me that the US sanctions against Iran are not good for Iraq or our event.
8-14-2018 Guest Guru BobTheTaxman …One of the things that Trump did which I was really appreciative of was the fact that he recognizes that it is…the middle income of America that is the machine that keeps the finances of the whole freaking world going…to lower the taxes and to give everyone the opportunity to breath, to expand their world, to achieve a retirement…The thing that I happen to get out of doing this is helping to take the fear out. In my career of doing taxes I always taught several saying I really enjoyed. 1. G.O.D. and the I.R.S. are not the same. Pigs get fat and Hogs get slaughtered. So learning how to play the game gives peace. When you have peace everything else is a lot more fun. Period…The other part of it is to be able to take what I have managed to learned over the past 30 some odd years and to apply it directly to our dinar investment brings me great peace. Brings me great joy. And I love showing people it’s not nearly as complicated. And the 2018 tax laws - man, those are a godsend for us! They are phenomenal… [He recommends speaking with SIX tax professionals at the appropriate time and picking the one you feel "listens" the most. ]
8-14-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQI PRIME MINISTER HAIDER AL-ABADI’S COMMENTS THAT HIS COUNTRY WOULD ABIDE BY US SANCTIONS TAKEN ON IRAN" ...don’t dismiss the impact these sanctions will have on Iraq. This is going to be the next real “BIGGIE” that we have to worry about if they don’t push out this reinstatement of the dinar real soon...They let the target of Dec-Jan for the reinstatement melt away due to the corruption and so here we are in August...and still no RV. And so, although I support president Trump in finally enforcing with the Iranians the “red line”, I think this too may overflow into the objectives of our investment – the reinstatement of the dinar. These sanctions are going to be real intense for Iran... Quote: “...Iran will seek to stop the collapse of its local currency by getting the dollar at any price from neighboring countries, while .pointing out that Iraq is the closest of these countries Iran will seek to stop the collapse of its local currency by getting the dollar at any price, Iraq"
8-14-2018 Newshound Guru chattels Quote: "Revealed the current national wisdom headed by Ammar al - Hakim, on Monday, ...the next three days will see the introduction of new names for prime minister." Ali Mohammad Al-Hussein Ali Al-Adeeb has been mentioned recently, but he is arguably a Maliki proxy. And, The man who may become Iraq’s next Prime Minister Jaafar al-Sadr is a strong candidate to take the top job, but there are plenty of obstacles in his way. Abadi heads the Iraqi Caretaker Government as PM until replaced and he is the choice of the U.S.
8-13-2018 Newshound/Intel Guru Mnt Goat They have to announce the newly elected chairman first. Then they must swear in the newly elected members of parliament.Then the winning party (Sadr Movement) presents their candidate for prime minister. He/she is then ratified by the new parliament to form his/her cabinet of ministries and give 90 days to do so. Remember this: When you hear the term “form the new government” this could be referring to two entirely different objectives. 1) is getting parliament members and the speaker back in session, the new president elected and his deputies or 2) it could mean the formation of the prime minister’s cabinet or both. So the articles are not always clear on the use of these terms. [post 2 of 2]
8-13-2018 Newshound/Intel Guru Mnt Goat Is the Iraqi government already formed? Again a rumor stating that it is already formed is just that - a rumor. On Monday 8/6 they announced the sorting and re-counting was completed. Then the rest of the week the judiciary oversite reviewed the results and finding from the judges assigned to the re-counting. On Friday 8/10 they made a decision to ratify the election results for all but three candidates now charged with corruption in the cabinet ministries. So these were not parliamentary members but members of Abadi’s council of ministers. Now that the election results are ratified by the judiciary they can hold the first session of parliament. They have not yet given us a date as to when this will happen. My guess is probably this week sometime. [post 1 of 2....stay tuned]
8-13-2018 Newshound Guru Kaperoni ...the very purpose of floating the currency is to counter inflationary pressure created by substantial investment. If you were to revalue...you would be circumventing that process. Not to mention the CBI will make money buying and selling blocks of currency ending the currency auction. Any such single event would circumvent the ability to profit as the dinar rises.
8-13-2018 Newshound/Intel Guru Mnt Goat Anyway that this happens, we are told they must watch for inflation in this process, as a sudden adjustment in the value of the dinar could cause prices to sore [soar ?] or even not adjust past the larger 3 zero notes. The prices must come down and adjust. This will not be deflation but an adjustment to equal value within Iraq. For instance, a 25,000 note will be worth $25 at a 1:1. Then as the rate adjust on the FOREX float and rises for example to $3.00 USD, this same note can be worth $75 in Iraq. So you can see the increase in purchasing power at the marketplace. It is all relative and not a “lop” being performed but an “redenomination”. [post 3 of 3]
8-13-2018 Newshound/Intel Guru Mnt Goat What to expect next from the CBI? So Eid al-Adha holiday in Iraq 2018 will begin in the evening of Tuesday August 21 and will end in the evening of Saturday August 25. I can assure everyone that the holiday has absolutely no significance in the timing of the reinstatement. FACT: The CBI is going to soon begin it’s long overdue educational program to the citizens on the reinstatement process and the launching of the newer category notes. This could come at the same time as the dinar is reinstated back on the currency exchanges or it might come days before. [post 2 of 3....stay tuned]
8-13-2018 Newshound/Intel Guru Mnt Goat Relax when it comes close to the reinstatement we will hear from the CBI. They have told me over and over again that when the time gets close, simply read the news media from Iraq. They fully intend to explain the process of the final stages of the “project to delete the zeros’ to the citizens. So far, they have kept their promises each time they geared up for the past target dates. I have no reason why they would not continue to do the same. ...So what did the CBI last tell us? They told us they needed a more “suitable timeframe”. This to us meant that the elections process first needed clean out the corrupt officials, which in turn would assist in stopping much of the money laundering, fraud and manipulation of the currency auctions. This is now all being taken care of as the election results become public. The judiciary just told us they ratified the results. So this is moving forward. [post 1 of 3....stay tuned]
8-13-2018 Newshound Guru Breitling …The situation that you are watching with Turkey and their currency going down and then obviously the value of Iran’s currency going down…it will be nothing like the Iraqi dinar. Basically we are at war and we want to get rid of the people at the top. He’s [Trump] trying to squeeze them and force them into doing deals. Just like we did with Nato and with the EU in general and with Russia…The thing with Turkey is their currency has gone down and their leaders are panicking. …lots of signals out there that even if it does go back up it will not be anything significant….so stay away from them [Turkey and Iran Currency]. The Zimbabwe currency stay away from it…We’ve talked about it a lot but there needs to be a lot done for the Vietnamese currency. I still have it but there is no report. Again it all depends on China. On China’s attitude. On what China is doing.
8-13-2018 Intel Guru Delta Article quote: "ISAKA, the US-based international banking organization, opened its own branch in Baghdad." ...REPEAT AFTER ME IRAQ...INTERNATIONAL!!! OTHER THAN THAT...NONE OF JULY NOR AUGUST...WOULD HAVE HAPPENED AS THEY HAVE.
8-13-2018 Newshound Guru Kaperoni Iraqi CBI gets ISO 9001 certification. This is great news they meet international compliance on cash management. Iraq is creating the conditions to support a private sector and private investment.
8-13-2018 Newshound/Intel Guru Mnt Goat Is the Iraqi government already formed? Again a rumor stating that it is already formed is just that - a rumor. On Monday 8/6 they announced the sorting and re-counting was completed. Then the rest of the week the judiciary oversite reviewed the results and finding from the judges assigned to the re-counting. On Friday 8/10 they made a decision to ratify the election results for all but three candidates now charged with corruption in the cabinet ministries. So these were not parliamentary members but members of Abadi’s council of ministers. Now that the election results are ratified by the judiciary they can hold the first session of parliament. They have not yet given us a date as to when this will happen. My guess is probably this week sometime. [post 1 of 2....stay tuned]
8-13-2018 Newshound Guru Kaperoni ...the very purpose of floating the currency is to counter inflationary pressure created by substantial investment. If you were to revalue...you would be circumventing that process. Not to mention the CBI will make money buying and selling blocks of currency ending the currency auction. Any such single event would circumvent the ability to profit as the dinar rises.
8-13-2018 Newshound/Intel Guru Mnt Goat Anyway that this happens, we are told they must watch for inflation in this process, as a sudden adjustment in the value of the dinar could cause prices to sore [soar ?] or even not adjust past the larger 3 zero notes. The prices must come down and adjust. This will not be deflation but an adjustment to equal value within Iraq. For instance, a 25,000 note will be worth $25 at a 1:1. Then as the rate adjust on the FOREX float and rises for example to $3.00 USD, this same note can be worth $75 in Iraq. So you can see the increase in purchasing power at the marketplace. It is all relative and not a “lop” being performed but an “redenomination”. [post 3 of 3]
8-13-2018 Newshound/Intel Guru Mnt Goat What to expect next from the CBI? So Eid al-Adha holiday in Iraq 2018 will begin in the evening of Tuesday August 21 and will end in the evening of Saturday August 25. I can assure everyone that the holiday has absolutely no significance in the timing of the reinstatement. FACT: The CBI is going to soon begin it’s long overdue educational program to the citizens on the reinstatement process and the launching of the newer category notes. This could come at the same time as the dinar is reinstated back on the currency exchanges or it might come days before. [post 2 of 3....stay tuned]
8-13-2018 Newshound/Intel Guru Mnt Goat Relax when it comes close to the reinstatement we will hear from the CBI. They have told me over and over again that when the time gets close, simply read the news media from Iraq. They fully intend to explain the process of the final stages of the “project to delete the zeros’ to the citizens. So far, they have kept their promises each time they geared up for the past target dates. I have no reason why they would not continue to do the same. ...So what did the CBI last tell us? They told us they needed a more “suitable timeframe”. This to us meant that the elections process first needed clean out the corrupt officials, which in turn would assist in stopping much of the money laundering, fraud and manipulation of the currency auctions. This is now all being taken care of as the election results become public. The judiciary just told us they ratified the results. So this is moving forward. [post 1 of 3....stay tuned]
8-13-2018 Newshound Guru Breitling …The situation that you are watching with Turkey and their currency going down and then obviously the value of Iran’s currency going down…it will be nothing like the Iraqi dinar. Basically we are at war and we want to get rid of the people at the top. He’s [Trump] trying to squeeze them and force them into doing deals. Just like we did with Nato and with the EU in general and with Russia…The thing with Turkey is their currency has gone down and their leaders are panicking. …lots of signals out there that even if it does go back up it will not be anything significant….so stay away from them [Turkey and Iran Currency]. The Zimbabwe currency stay away from it…We’ve talked about it a lot but there needs to be a lot done for the Vietnamese currency. I still have it but there is no report. Again it all depends on China. On China’s attitude. On what China is doing.
8-13-2018 Intel Guru Delta Article quote: "ISAKA, the US-based international banking organization, opened its own branch in Baghdad." ...REPEAT AFTER ME IRAQ...INTERNATIONAL!!! OTHER THAN THAT...NONE OF JULY NOR AUGUST...WOULD HAVE HAPPENED AS THEY HAVE.
8-13-2018 Newshound Guru Kaperoni Iraqi CBI gets ISO 9001 certification. This is great news they meet international compliance on cash management. Iraq is creating the conditions to support a private sector and private investment.
8-12-2018 Newshound Guru MilitiaMan [Does The HCL have to be implemented before the RI/RV.] Imo, It has been for months now, just not literally yet. They have calculated the information necessary for them to have the HCL done and even activated by or on about September 5th per articles of recent... The calculation would be based on oil output that the IMF and even KPMG would have had already worked up. The citizens imo will be paid their share apparently on or around the 5th of September, but, that amount would be posted electronically to then [them ?] in new currency that can be loaded on cards. There is a recent article(s) that state just how serious it would be to tell them that the money is coming and for them to not follow through, would create even harsher protests... They know they are getting paid, and, imo, the international calculation / rate will be / maybe exposed long before that date. They just showed the specimens to the world and what that means to them and us.. It is for other countries to know what to look for... As in when we walk through the doors with those notes, they can verify what they are looking at...Amazing what is staring at us in the face.. IMO!!
8-12-2018 Newshound Guru Kaperoni [reference Guru Kaperoni post 8-11-2018] The announcement of...now offering immediate cash exchange is is not that much different from their normal policy other than the fact that you're getting cash immediately which eliminates corruption or trickery or scamming...they are now positioning themselves to become a player...What I mean by that is that they are announcing of sorts that they want to be a 'facilitator' and by offering on the spot cash they are removing the potential for scamming. I had stated several years ago when people ask me about cash out not to worry and that we will deal with it when it becomes relevant. So this is good news for us as dinar holders...it is still up to Iraq to transition to Article VIII and engage their banking system with the world financial system allowing the currency to appreciate.
8-12-2018 Newshound/Intel Guru Mnt Goat Article: "Iraqi Prime Minister Haider al-Abadi’s comments that his country would abide by US sanctions has taken Iranian media by surprise." Quote: "As a matter of principle, we are against sanctions in the region," Abadi said at a press conference Aug. 8. "Blockade and sanctions destroy societies and weaken regimes." He added that they are a "strategic mistake" but that Iraq "will abide by them." ...of course Abadi has to comply with the US request for these sanctions if he wants to be prime minister again. This is NOT such a bad thing...just so you know… This is all going to get real sticky and Iran will try anything to get the CBI funds. They are going to get real desperate with their neighbors. [post 3 of 3]
8-12-2018 Newshound/Intel Guru Mnt Goat Yes, they are under great pressure to get rid of the Iranian influence in the political process more than ever. If they do not clean this up, it is only going to get real bad for Iraq once these sanctions kick in fully during November. ...much of this delay in getting the government formed is due to the efforts to clean out the corrupt politicians and Iranian influence... ...any corrupt Iranians in the Iraqi political process would play the same old games with the wealth from the CBI. They would use legitimate reconstruction contracts that never get completed and funds taken, fake banks, illegal banking loans to take funds out of the CBI reserves to give to the Iranian to help them through these sanctions, which are going to be the MOST severe yet placed on them come November. [post 2 of 3....stay tuned]
8-12-2018 Newshound/Intel Guru Mnt Goat So what is the impact going to be of these sanctions being put on Iran? ...we know that Iraq is desperately trying to stay neutral when it comes to Iran. There is significant gains for both countries by being trading partners. They have trading agreements and exporting to Iran can definitely help them through the embargo. But food is not all they want from Iraq. Now more then ever they want the US dollars. So where do these dollars come from? They come from the currency auctions of course and so you can see the need now for a greater push to clean up this side of the corruption and maybe even stop these auctions altogether. [post 1 of 3....stay tuned]
8-12-2018 Newshound Guru Mailman17 THE AMOUNT OF INVESTMENT IN IRAQ HAS NOTHING TO DO WITH THE VALUE RAISING. THEY ARE NOT GONNA START AT 1190, WITH THE PREMISE THAT LOWER DENOMS WILL COME OUT AS NEEDED. IF THAT WERE THE CASE NO ONE INSIDE IRAQ WOULD TRADE THEIR DINAR IN OR PUT IT IN BANKS OR INVEST IN THE ISX LET ALONE US AT HOME. A FLOAT IS IN NO WAY AN OPTION ESPECIALLY WITH ITS EFFECT ON SHARES IN THE ISX. INVESTMENT WILL COME WHEN THE DINAR COMES OUT AT A STABLE RATE LIKE 1-1 AS PROMISED BY SHABBIBI AND THEN A MANAGED FLOAT TO MAINTAIN INFLATION. ITS COMING. THEY HAVE TIPPED THEIR HAND WITH TOO MUCH INFO COMING FROM THE CBI. A FLOAT FROM 1190 IS NOT AN OPTION. JMHO
8-12-2018 Intel Guru Delta BECAUSE OF IRAN SITUATION THE DEMAND FOR $$ WILL INCREASE IN IRAQ AND THAT MIGHT CAUSE MORE THAN 2%... THAT'S WHY CBI HAVE TO MOVE VERY FAST ASAP...
8-12-2018 Newshound Guru Kaperoni [reference Guru Kaperoni post 8-11-2018] The announcement of...now offering immediate cash exchange is is not that much different from their normal policy other than the fact that you're getting cash immediately which eliminates corruption or trickery or scamming...they are now positioning themselves to become a player...What I mean by that is that they are announcing of sorts that they want to be a 'facilitator' and by offering on the spot cash they are removing the potential for scamming. I had stated several years ago when people ask me about cash out not to worry and that we will deal with it when it becomes relevant. So this is good news for us as dinar holders...it is still up to Iraq to transition to Article VIII and engage their banking system with the world financial system allowing the currency to appreciate.
8-12-2018 Newshound/Intel Guru Mnt Goat Article: "Iraqi Prime Minister Haider al-Abadi’s comments that his country would abide by US sanctions has taken Iranian media by surprise." Quote: "As a matter of principle, we are against sanctions in the region," Abadi said at a press conference Aug. 8. "Blockade and sanctions destroy societies and weaken regimes." He added that they are a "strategic mistake" but that Iraq "will abide by them." ...of course Abadi has to comply with the US request for these sanctions if he wants to be prime minister again. This is NOT such a bad thing...just so you know… This is all going to get real sticky and Iran will try anything to get the CBI funds. They are going to get real desperate with their neighbors. [post 3 of 3]
8-12-2018 Newshound/Intel Guru Mnt Goat Yes, they are under great pressure to get rid of the Iranian influence in the political process more than ever. If they do not clean this up, it is only going to get real bad for Iraq once these sanctions kick in fully during November. ...much of this delay in getting the government formed is due to the efforts to clean out the corrupt politicians and Iranian influence... ...any corrupt Iranians in the Iraqi political process would play the same old games with the wealth from the CBI. They would use legitimate reconstruction contracts that never get completed and funds taken, fake banks, illegal banking loans to take funds out of the CBI reserves to give to the Iranian to help them through these sanctions, which are going to be the MOST severe yet placed on them come November. [post 2 of 3....stay tuned]
8-12-2018 Newshound/Intel Guru Mnt Goat So what is the impact going to be of these sanctions being put on Iran? ...we know that Iraq is desperately trying to stay neutral when it comes to Iran. There is significant gains for both countries by being trading partners. They have trading agreements and exporting to Iran can definitely help them through the embargo. But food is not all they want from Iraq. Now more then ever they want the US dollars. So where do these dollars come from? They come from the currency auctions of course and so you can see the need now for a greater push to clean up this side of the corruption and maybe even stop these auctions altogether. [post 1 of 3....stay tuned]
8-12-2018 Newshound Guru Mailman17 THE AMOUNT OF INVESTMENT IN IRAQ HAS NOTHING TO DO WITH THE VALUE RAISING. THEY ARE NOT GONNA START AT 1190, WITH THE PREMISE THAT LOWER DENOMS WILL COME OUT AS NEEDED. IF THAT WERE THE CASE NO ONE INSIDE IRAQ WOULD TRADE THEIR DINAR IN OR PUT IT IN BANKS OR INVEST IN THE ISX LET ALONE US AT HOME. A FLOAT IS IN NO WAY AN OPTION ESPECIALLY WITH ITS EFFECT ON SHARES IN THE ISX. INVESTMENT WILL COME WHEN THE DINAR COMES OUT AT A STABLE RATE LIKE 1-1 AS PROMISED BY SHABBIBI AND THEN A MANAGED FLOAT TO MAINTAIN INFLATION. ITS COMING. THEY HAVE TIPPED THEIR HAND WITH TOO MUCH INFO COMING FROM THE CBI. A FLOAT FROM 1190 IS NOT AN OPTION. JMHO
8-12-2018 Intel Guru Delta BECAUSE OF IRAN SITUATION THE DEMAND FOR $$ WILL INCREASE IN IRAQ AND THAT MIGHT CAUSE MORE THAN 2%... THAT'S WHY CBI HAVE TO MOVE VERY FAST ASAP...
8-13-2018 *** Dinar Guru News Update *** Intel and Newshound Gurus are reporting the Spring election recount has been COMPLETED with very minor changes in results. This means forming the government can get back on track. First thing we'll see is the election results being ratified. Followed by the first session of the new parliament. From there the new government will be formed...stay tuned as the gurus chime in on this very significant development. The latest guru posts will continue below...
8-11-2018 Newshound/Intel Guru Mnt Goat Could this election saga finally be coming to an end? Its only 3 weeks from September. Will they try to drag this out until then? And even when they do finally announce the new parliament and prime minister then what? Will the CBI pull the trigger on the reinstatement of the dinar? Is the reinstatement already being slowly rolled out behind our backs? We see ISX going international already. Yes, there is a process to this SLOW rollout and DR Shabibi himself told us this is NOT going to be a sudden triggered event...but a very slow process. He said it would take months to complete. Will the CBI complete the “project to delete the zeros”? This is what is going to bring us a significant change in the value of the dinar. Will the CBI finally launch the lower category notes? We know when they do this there will have to be some adjustment to the rate of the dinar to coincide.
8-11-2018 Newshound Guru sandyf Only dinarland would make an issue out of the word "SPECIMEN", wouldn't cross their mind that it may have something to do with standards on the reproduction of banknote images. Quotes: "Every country has legal restrictions on the reproduction of banknote images. The counterfeiting of currency is a crime, and while restrictions vary from country to country, in some countries, any reproduction of banknote images – even for artistic or advertising uses – is strictly forbidden. Even in countries that allow some limited use of banknote images, there are specific rules and requirements..." "...Reproductions shall be depicted proportionally and the image shall be larger or smaller than a genuine banknote. Reproductions shall contain the word "SPECIMEN" in bold lettering diagonally across the image."
8-11-2018 Newshound Guru Kaperoni Very interesting announcement today from currency dealer...they now or [are] allowing customers to exchange dinar for cash USD on the spot and all locations.
8-11-2018 Newshound Guru Breitling [2] …Iraq just watching the markets. If they go below a certain price per barrel…again I don’t know exactly what that price per barrel is…but it’s in the low 60’s the high 50’s and they start to sweat…it’s not good. They can maintain but they don’t want to maintain. They’re like everyone else, they want an insurance policy. In fact they want to go beyond an insurance policy and they want the success to be endless. That’s what’s going on, so you have Iraq with the market pressure and now you have the pressure coming from Iran. And it’s heavy, huge and real. That’s what they talked about. That’s what’s going on. So that’s the report I got from Iraq. [Post 2 of 2]
8-11-2018 Newshound Guru Breitling …This all does tie with Iraq…one of the things is Iran…we were not too sure if Europe was going to participate with the United States in the sanctions against Iran. That puts pressure on Iran financially. Well guess what? That puts pressure on Iraq financially. Because now Iran is going to depend on Iraq even more…this is a big plus for us. [Post 1 of 2]
8-11-2018 Newshound Guru Kaperoni ...Iraq would be just fine if they were in Article VIII with an 1190 valued currency. Yes we all know it deserves to be higher...many experts believe it is extremely undervalued. But that is what floating a currency is all about allowing market forces to dictate a country's exchange rate. So we will all find out if the Balassa Samuelson effect is in play and large amounts of capital come into Iraq to rebuild and investors around the world believe that the currency is undervalued. [post 2 of 2]
8-11-2018 Newshound Guru Kaperoni ...the dinar cannot be international at 1190 $1...Sure it can and it will! At
8-11-2018 Newshound Guru sandyf Only dinarland would make an issue out of the word "SPECIMEN", wouldn't cross their mind that it may have something to do with standards on the reproduction of banknote images. Quotes: "Every country has legal restrictions on the reproduction of banknote images. The counterfeiting of currency is a crime, and while restrictions vary from country to country, in some countries, any reproduction of banknote images – even for artistic or advertising uses – is strictly forbidden. Even in countries that allow some limited use of banknote images, there are specific rules and requirements..." "...Reproductions shall be depicted proportionally and the image shall be larger or smaller than a genuine banknote. Reproductions shall contain the word "SPECIMEN" in bold lettering diagonally across the image."
8-11-2018 Newshound Guru Kaperoni Very interesting announcement today from currency dealer...they now or [are] allowing customers to exchange dinar for cash USD on the spot and all locations.
8-11-2018 Newshound Guru Breitling [2] …Iraq just watching the markets. If they go below a certain price per barrel…again I don’t know exactly what that price per barrel is…but it’s in the low 60’s the high 50’s and they start to sweat…it’s not good. They can maintain but they don’t want to maintain. They’re like everyone else, they want an insurance policy. In fact they want to go beyond an insurance policy and they want the success to be endless. That’s what’s going on, so you have Iraq with the market pressure and now you have the pressure coming from Iran. And it’s heavy, huge and real. That’s what they talked about. That’s what’s going on. So that’s the report I got from Iraq. [Post 2 of 2]
8-11-2018 Newshound Guru Breitling …This all does tie with Iraq…one of the things is Iran…we were not too sure if Europe was going to participate with the United States in the sanctions against Iran. That puts pressure on Iran financially. Well guess what? That puts pressure on Iraq financially. Because now Iran is going to depend on Iraq even more…this is a big plus for us. [Post 1 of 2]
8-11-2018 Newshound Guru Kaperoni ...Iraq would be just fine if they were in Article VIII with an 1190 valued currency. Yes we all know it deserves to be higher...many experts believe it is extremely undervalued. But that is what floating a currency is all about allowing market forces to dictate a country's exchange rate. So we will all find out if the Balassa Samuelson effect is in play and large amounts of capital come into Iraq to rebuild and investors around the world believe that the currency is undervalued. [post 2 of 2]
8-11-2018 Newshound Guru Kaperoni ...the dinar cannot be international at 1190 $1...Sure it can and it will! At