11-14-2019 Intel Guru MarkZ [Will the banks take a fee for exchanging us?] I hear that the fee is already built into the exchange... pre-negotiated...and we won’t even see it on our end…
11-14-2019 Newshound/Intel Guru RVAlready IMO, CBI needs to implement the RV and stop the auctions right away. Then they can hold elections and replace the corrupt.
11-14-2019 Intel Guru Frank26 There are meetings going on and they’re very powerful meetings and they’re continuous meetings and they are the right meetings. The IMF, US Treasury and the CBI are in constant communication within the last few days. They have small delegations that represent both sides, talk, and then they meet again…the links are all meeting up very nicely…it’s a constant thing we’ve been seeing over the last few days…
11-14-2019 Intel Guru MarkZ The news is all over the place…but imo it’s all good...I believe we are absolutely in the middle of the exchange process. We just do not know what the entire process is…My Redemption contacts today believe...800 numbers late this evening...It is all coming together guys…we are in the perfect window...
11-14-2019 Newshound Guru Jeff Article “Sources talk about the formation of the first Iraqi government without parties” …Mahdi’s gonna replace the entire cabinet between now through December with non-biased parties… Quote “Mahdi is about to announce a cabinet reshuffle for his entire cabinet…all new faces do not belong to any party…the cabinet includes many young graduates and three women. Mahdi plans to submit the names to parliament in three stages. The last of which will end in early December…”
11-14-2019 Newshound/Intel Guru Mnt Goat Demonstrators in Tahrir Square in central Baghdad on Wednesday issued a statement calling for a million-strong demonstration on Friday Nov 15th and the dismissal of the government of "snipers" in reference to the government of Iraq and the shooting of innocent civilians. ...so here we sit and more than a month already of protesting. Like I told everyone the protestors are only going to get stronger and stronger as time passed if reforms are not completed according to their demands.
11-14-2019 Newshound/Intel Guru RVAlready IMO, CBI needs to implement the RV and stop the auctions right away. Then they can hold elections and replace the corrupt.
11-14-2019 Intel Guru Frank26 There are meetings going on and they’re very powerful meetings and they’re continuous meetings and they are the right meetings. The IMF, US Treasury and the CBI are in constant communication within the last few days. They have small delegations that represent both sides, talk, and then they meet again…the links are all meeting up very nicely…it’s a constant thing we’ve been seeing over the last few days…
11-14-2019 Intel Guru MarkZ The news is all over the place…but imo it’s all good...I believe we are absolutely in the middle of the exchange process. We just do not know what the entire process is…My Redemption contacts today believe...800 numbers late this evening...It is all coming together guys…we are in the perfect window...
11-14-2019 Newshound Guru Jeff Article “Sources talk about the formation of the first Iraqi government without parties” …Mahdi’s gonna replace the entire cabinet between now through December with non-biased parties… Quote “Mahdi is about to announce a cabinet reshuffle for his entire cabinet…all new faces do not belong to any party…the cabinet includes many young graduates and three women. Mahdi plans to submit the names to parliament in three stages. The last of which will end in early December…”
11-14-2019 Newshound/Intel Guru Mnt Goat Demonstrators in Tahrir Square in central Baghdad on Wednesday issued a statement calling for a million-strong demonstration on Friday Nov 15th and the dismissal of the government of "snipers" in reference to the government of Iraq and the shooting of innocent civilians. ...so here we sit and more than a month already of protesting. Like I told everyone the protestors are only going to get stronger and stronger as time passed if reforms are not completed according to their demands.
11-13-2019 Intel Guru Frank26 IMO there is only so much time left for what I call a ‘receipts schedule’…watch once again but this time watch the reinstatement and the CBI travel at a much faster speed than we have ever seen…this receipt schedule is not a piece of paper. It’s a date. Were the lower denoms delivered? Oh, hell yes! IMO they were delivered…Allaq is still pounding for a suitable environment…watch the speed of return…
11-13-2019 Intel Guru MarkZ [via PDK] [What happened to China taking over?] I think they are very much at the helm…but not completely taken over…they still need the US…. and that’s why things are moving now... At redemption centers…they are ramped up and expecting a long weekend of exchanging folks. I really think we are going to see it in the next few days at our level. Noone knows the exact date...all we can do is guess based on sources, intel and world news.
11-13-2019 Newshound Guru Adam Montana The good news is that I see lots of good reasons to come back with more updates before next Wednesday... It looks like the protest situation is coming to a head, all while budgetary and other government issues are also moving forward. The US is putting pressure on Iraq to do something about the protests, which really means the US is putting pressure on Iraq to get their butts in gear...the Iraqis are grumbling about "US interference", but the fact of the matter is this: if the US is putting pressure on them, they are going to do something. And they are going to do something that moves Iraq in the direction we want, and it's not going to drag out forever. Personally, I see that as a positive sign and I'm looking forward to the next week... We are looking at a positive situation, friends. I'll be back with more as it develops - hopefully even before the weekend, if the rumors I'm hearing are correct. This can all come to a head very quickly.
11-13-2019 Intel Gurus Walkingstick & Frank26 A ultimatum has been issued. A warning to Mahdi from the United Nations…that within the next couple of days-weeks to meet all the demands of the protesters and stop firing on them because “daddy” is home. ‘Hey, elite Iranian forces make our day because our troops are watching every move you make as of now.’ …[Guru Walkingstick] You know who is asking the United Nations to do this? We are. No Sir. It’s the Iraqi people. [Guru] Frank you understand the importance of that? We’re not infidels we’re heroes. This is brilliant! …this is very unique because they are asking us to come into their country and that has not happened since God knows when…
11-13-2019 Newshound Guru Vital Brad ...parliament met on Sunday and passed new election laws…it lowers the age to be president down to 25 and lowered the number of house of representatives…they want to get the corrupt government [out]…There was still a lot of protesters blocking roads, blocking bridges. They’re still not happy. Nothing really happened to change their circumstances…There’s a lot in the dinar community that believe this revaluation is gonna happen any time now and that’s the key that these Iraq people are wanting and missing is some wealth. They’ve been stripped of everything since the war…if their currency was reinstated that would change everything…some people are saying November is a very good window for this to happen and they’ve met all the requirements so realistically it could happen any time…
11-13-2019 Intel Guru Frank26 IMO an ultimatum has been given to Mahdi because as of Sunday United States troops are now in Iraq in strategic positions providing security. They are starting in the green zone and they are also protecting the banks in the green zone. They’re protecting the CBI. The troops are also doing one other thing. Protecting the citizens of Iraq…U.S. troops are looking at Mahdi. Looking at Mahdi’s forces to keep them in check…So he [Trump] moved the troops like a chess piece…Mahdi you had a chance and blew it. Now we’re going to give you one more chance. Give those people what they are asking for. NOW.
11-13-2019 Newshound Guru Jeff Article “Secretariat of Council of Ministers: Adding allocations for reform packages to the budget of 2020 without moving the doors” …I have an article that tells you the reforms are in the 2020 budget. That’s huge…remember most of the major reforms are post rate change steps…notice how I told you the rate cannot change until after the 2020 budget because of what’s inside of it. This is huge. I hope you’re seeing how important the 2020 budget is…they’re telling you from many different angles how important this budget is and how much post rate change money is inside the 2020 budget.
11-13-2019 Intel Guru MarkZ [via PDK] [What happened to China taking over?] I think they are very much at the helm…but not completely taken over…they still need the US…. and that’s why things are moving now... At redemption centers…they are ramped up and expecting a long weekend of exchanging folks. I really think we are going to see it in the next few days at our level. Noone knows the exact date...all we can do is guess based on sources, intel and world news.
11-13-2019 Newshound Guru Adam Montana The good news is that I see lots of good reasons to come back with more updates before next Wednesday... It looks like the protest situation is coming to a head, all while budgetary and other government issues are also moving forward. The US is putting pressure on Iraq to do something about the protests, which really means the US is putting pressure on Iraq to get their butts in gear...the Iraqis are grumbling about "US interference", but the fact of the matter is this: if the US is putting pressure on them, they are going to do something. And they are going to do something that moves Iraq in the direction we want, and it's not going to drag out forever. Personally, I see that as a positive sign and I'm looking forward to the next week... We are looking at a positive situation, friends. I'll be back with more as it develops - hopefully even before the weekend, if the rumors I'm hearing are correct. This can all come to a head very quickly.
11-13-2019 Intel Gurus Walkingstick & Frank26 A ultimatum has been issued. A warning to Mahdi from the United Nations…that within the next couple of days-weeks to meet all the demands of the protesters and stop firing on them because “daddy” is home. ‘Hey, elite Iranian forces make our day because our troops are watching every move you make as of now.’ …[Guru Walkingstick] You know who is asking the United Nations to do this? We are. No Sir. It’s the Iraqi people. [Guru] Frank you understand the importance of that? We’re not infidels we’re heroes. This is brilliant! …this is very unique because they are asking us to come into their country and that has not happened since God knows when…
11-13-2019 Newshound Guru Vital Brad ...parliament met on Sunday and passed new election laws…it lowers the age to be president down to 25 and lowered the number of house of representatives…they want to get the corrupt government [out]…There was still a lot of protesters blocking roads, blocking bridges. They’re still not happy. Nothing really happened to change their circumstances…There’s a lot in the dinar community that believe this revaluation is gonna happen any time now and that’s the key that these Iraq people are wanting and missing is some wealth. They’ve been stripped of everything since the war…if their currency was reinstated that would change everything…some people are saying November is a very good window for this to happen and they’ve met all the requirements so realistically it could happen any time…
11-13-2019 Intel Guru Frank26 IMO an ultimatum has been given to Mahdi because as of Sunday United States troops are now in Iraq in strategic positions providing security. They are starting in the green zone and they are also protecting the banks in the green zone. They’re protecting the CBI. The troops are also doing one other thing. Protecting the citizens of Iraq…U.S. troops are looking at Mahdi. Looking at Mahdi’s forces to keep them in check…So he [Trump] moved the troops like a chess piece…Mahdi you had a chance and blew it. Now we’re going to give you one more chance. Give those people what they are asking for. NOW.
11-13-2019 Newshound Guru Jeff Article “Secretariat of Council of Ministers: Adding allocations for reform packages to the budget of 2020 without moving the doors” …I have an article that tells you the reforms are in the 2020 budget. That’s huge…remember most of the major reforms are post rate change steps…notice how I told you the rate cannot change until after the 2020 budget because of what’s inside of it. This is huge. I hope you’re seeing how important the 2020 budget is…they’re telling you from many different angles how important this budget is and how much post rate change money is inside the 2020 budget.
11-13-2019 *** Dinar Guru Dinar Rate UPDATE *** Yesterday's CBI rate update has the official exchange rate back within 2% of the market rate! The rates were outside of the "2% rule" for 3 days. [Reference Dinar Guru Update on 11-11-2019 below for details]. It's unclear if 3 days is enough to knock the dinar out of compliance or not. At this point the gurus don't know if the IMF rules require a daily "within 2% spread" for compliance or if it's based on a weekly or monthly average. The dinar has been in compliance for over a year in a half before this 3 day slide. Stay tuned as the gurus chime in on how all this works and the significance of this dinar development. [You can always see the latest CBI reported market and official rate on the left of this page.] The latest guru post will continue below...
11-12-2019 Intel Guru MarkZ [via PDK] We are still being told the currencies we have will all be in the first basket... The big winners I am told of course are iran, Iraq, Indonisia, VND and Zim...According to all my banking sources we have been on the verge of “go” all day…this is from all of my banking sources…the expectation was it should have been out the door this morning but due to a security concern at one location…it wasn’t. They were just told they could go home tonight…but be on standby to come back in...We are on a minute to minute watch right now.
11-12-2019 Intel Guru Frank26 …some guru told you that they’re off of compliance by 2%. Look, I’m sorry, ye of little knowledge. The 2% compliance can fluctuate plus or minus even up to about 3 days in both directions. So about a week of fluctuations is normal…the auctions did the same thing but they came back very quickly. No problems…as far as redoing the compliance for 90 days that’s guru BS. Even under these circumstances of demonstrations and killings the CBI was still able to keep the exchange rate stable. That’s important…do you think they have proved to the IMF that they can maintain a 2% compliance variance? Of course they can. Just because they went off the 2% for a day or two that doesn’t mean anything. They’re not gonna have to start over…
11-12-2019 Intel/Newshound Guru tman23 I posted, early October that I was told November 13 was said ... planned to be the biggest movement of wealth in world history... I also didn’t want to tie it to dinar but was hopeful that the possibility existed... I wait to see what happens tomorrow too...but only reason I posted it is ... very credible person and it wasn’t dinar related... I’m hoping for everyone that there is a connection.
11-12-2019 Newshound/Intel Guru Mnt Goat Article quote: "Iraqi Prime Minister Adel Abdul Mahdi said on last Tuesday his government would not respond to demonstrators’ demands to resign without a “smooth and swift” alternative." ...the prime minister of Iraq Mahdi, has not left his position... The recent news from Iraq told us Mahdi would and could accept a peaceful transition to a new PM for the sake of keep law and order...Mahdi also spelled out the conditions under which he would resign...Then Mutada al-Sadr has even come out and said he would prefer NOT to hold re-elections...But you can see the frustration of the demonstrators and why they might want this resignation as an alternative to what they now have...But he is NOT the real cause of Iranian influence in Iraq.
11-12-2019 Newshound Guru chattels Article: "BAGHDAD/ NINA/The exchange rate of the dollar fell on the stock market struggle and local markets today." Quote: "Selling and buying prices in banking shops: selling price of the dollar = 121.750 dinars. The purchase price of the dollar = 120.250 dinars" "selling price of the dollar = 121.750 dinars" is not in compliance with the 2% variance calculation between the market rate and the official rate. [You can always see the latest CBI reported market and official rate on the left of this page.]
11-12-2019 Newshound Guru Jeff Yesterday Iraq’s parliament completed the Election Law. That’s the first real step that they’ve actually been able to complete in the way of reforms for the citizens due to the demonstrations. What they’ve done through the Election Law is it only pertains to their Parliament. They’ve reduced the number of seats from 329 down to 213 seats within parliament and they’ve reduced the age of nominees down to 25. Overall that’s going to work to satisfy the demonstrators to a small extent. They’re calling this reforms. In a way it’s kind of sad but this so far is the best item that they have actually been able to offer…you can clearly see their [parliament and the GOI] hands are tied and they’re waiting on that rate change...
11-12-2019 Intel Guru MarkZ [via PDK] [When would it best help Trump politically to release GCR— Seems pre-Christmas shopping period is prime time for boosting economy with GCR...] I agree that NOW is the Prime Time to release it
11-12-2019 Intel Guru Frank26 …some guru told you that they’re off of compliance by 2%. Look, I’m sorry, ye of little knowledge. The 2% compliance can fluctuate plus or minus even up to about 3 days in both directions. So about a week of fluctuations is normal…the auctions did the same thing but they came back very quickly. No problems…as far as redoing the compliance for 90 days that’s guru BS. Even under these circumstances of demonstrations and killings the CBI was still able to keep the exchange rate stable. That’s important…do you think they have proved to the IMF that they can maintain a 2% compliance variance? Of course they can. Just because they went off the 2% for a day or two that doesn’t mean anything. They’re not gonna have to start over…
11-12-2019 Intel/Newshound Guru tman23 I posted, early October that I was told November 13 was said ... planned to be the biggest movement of wealth in world history... I also didn’t want to tie it to dinar but was hopeful that the possibility existed... I wait to see what happens tomorrow too...but only reason I posted it is ... very credible person and it wasn’t dinar related... I’m hoping for everyone that there is a connection.
11-12-2019 Newshound/Intel Guru Mnt Goat Article quote: "Iraqi Prime Minister Adel Abdul Mahdi said on last Tuesday his government would not respond to demonstrators’ demands to resign without a “smooth and swift” alternative." ...the prime minister of Iraq Mahdi, has not left his position... The recent news from Iraq told us Mahdi would and could accept a peaceful transition to a new PM for the sake of keep law and order...Mahdi also spelled out the conditions under which he would resign...Then Mutada al-Sadr has even come out and said he would prefer NOT to hold re-elections...But you can see the frustration of the demonstrators and why they might want this resignation as an alternative to what they now have...But he is NOT the real cause of Iranian influence in Iraq.
11-12-2019 Newshound Guru chattels Article: "BAGHDAD/ NINA/The exchange rate of the dollar fell on the stock market struggle and local markets today." Quote: "Selling and buying prices in banking shops: selling price of the dollar = 121.750 dinars. The purchase price of the dollar = 120.250 dinars" "selling price of the dollar = 121.750 dinars" is not in compliance with the 2% variance calculation between the market rate and the official rate. [You can always see the latest CBI reported market and official rate on the left of this page.]
11-12-2019 Newshound Guru Jeff Yesterday Iraq’s parliament completed the Election Law. That’s the first real step that they’ve actually been able to complete in the way of reforms for the citizens due to the demonstrations. What they’ve done through the Election Law is it only pertains to their Parliament. They’ve reduced the number of seats from 329 down to 213 seats within parliament and they’ve reduced the age of nominees down to 25. Overall that’s going to work to satisfy the demonstrators to a small extent. They’re calling this reforms. In a way it’s kind of sad but this so far is the best item that they have actually been able to offer…you can clearly see their [parliament and the GOI] hands are tied and they’re waiting on that rate change...
11-12-2019 Intel Guru MarkZ [via PDK] [When would it best help Trump politically to release GCR— Seems pre-Christmas shopping period is prime time for boosting economy with GCR...] I agree that NOW is the Prime Time to release it
11-11-2019 **** Dinar Guru Update **** Guru Kaperoni's report has now been confirmed by the official rates reported by Central Bank of Iraq. It appears the market rate and the official rate for the Iraqi dinar are now out of compliance with the IMF "2% rule". This rule requires the market rate to remain within 2% of the official rate for 90 days before the dinar can be considered for Article VIII. Kaperoni and other gurus believe Article VIII brings international banking acceptance. The last report has the two rates are ~2.3% apart. It's unclear if the IMF rules require a daily "within 2% spread compliance" or if it's based on a weekly or monthly average. The dinar has been in compliance for over a year in a half. Stay tuned as the gurus chime in on the significance of this dinar development. [You can always see the latest CBI reported market and official rate on the left of this page.] The latest guru post will continue below...
11-11-2019 Intel Guru Delta ...IQD EXCHANGE RATE IN MARKET IS DROPPING LIKE BEFORE. IT WAS...1218. NOW 20 MINUTES AGO...1205-1207 IQD PER $ ...GOOD JOB CBI... [Where is this info Delta? I can't find it.] FROM IRAQI MARKET...YOU WILL SEE IT PROBABLY LATER TODAY. [Note the official CBI market rate has not updated yet ...You can see the official CBI market rate on the left side of this page.]
11-11-2019 Newshound/Intel Guru Mnt Goat ...As investors we should not be in such a hurry to see Mahdi go. Think, think, think of the negative as well as the positive ramifications. Mahdi resigning is NOT a good thing. It could lead to yet another vacuum and only make things worse for Iraq and us investors. Do you want the RV sooner than later?...
11-11-2019 Intel Guru MarkZ [via PDK] [Any news on rates for the dong.] Hearing that the rates is still rumored to be around .45 for street/in-country rate and up to $2 or so for the contract rate.
11-11-2019 Newshound Guru MilitiaMan The MR's have to get done...And now that appears to be the case they will...don't let the GOI issues reflect against the CBI. My view is Mahdi and the Finance Minister may have finally given Alaq the green light... They cannot afford to lose control of the internal fluctuations in the exchange rate going south any more than what it has. So all things interlinked imo bodes so very well for us..imo. [post 2 of 2]
11-11-2019 Newshound Guru MilitiaMan The Finance Minister, Alaq and Mahdi in the same room for what? We all know what the implications are. They are talking money and how that will effect the demands of the citizens and their purchasing power...imo. The timing of it is no coincidence imo...The CBI probably told the Finance Minister and Mahdi to get the lead out...they all know that this should have been done a along time ago...and now they apparently know they painted them selves into a corner and the demonstrations proved it. [post 1 of 2....stay tuned]
11-11-2019 Intel Guru MarkZ [via PDK] I have people all over the world…Zurich, Hong Kong and Reno are all positioned and expecting to go in today…they also expect us to see 800 numbers sometime today or tomorrow. Yesterday Iraq was supposed to vote on the HCL bill…I have been unable to verify if they did yet. Dinar rumored rate is $3.91 to $4 in-country ...$8to $8.20 Contract rate is the most consistent rumor I am hearing. [...do you really think we will see this in November?] I thought we would see it in October... I think it could happen at anytime according to sources…
11-11-2019 Newshound/Intel Guru RVAlready As the RV cannot be announced in advance, the info you are looking for will not be announced in advance. We will probably know nothing until 800 numbers are released. Or until CBI makes a public announcement.
11-11-2019 Newshound Guru Jeff …They’re putting the last piece of the puzzle together which is that 2020 budget. Now who’s in charge? The person in charge is going to have an agenda. And how does this benefit them? …who poured trillions of dollars into Iraq? Who shed blood for Iraq? …Donald Trump must be in charge. What’s his agenda? How does he gain from this? Well he is rerunning for president. What’s his political theme? …A strong economy…the revaluation just injects billions of dollars into our pockets and back into our economy that promotes Trump…
11-11-2019 Newshound Guru MilitiaMan Article: "Parliamentary Economic: The 2020 budget includes unprecedented reform clauses" I like the way they translate things... lol... The incomplete budget law for 2020 until now...In other words it is now complete. I'll bet the meeting with the KRI talking about PERMANENT REVENUE SHARING could fall under the category of unprecedented reform clauses,e.e., read HCL...My best guess is it is apart of it. The now completed 2020 Budget was scheduled to be completed with out disruption. Imagine that? Wow! From the sounds of things the attendance was stellar today... Many things lining up and even in some areas cooling off...imo..
11-11-2019 Newshound/Intel Guru Mnt Goat ...As investors we should not be in such a hurry to see Mahdi go. Think, think, think of the negative as well as the positive ramifications. Mahdi resigning is NOT a good thing. It could lead to yet another vacuum and only make things worse for Iraq and us investors. Do you want the RV sooner than later?...
11-11-2019 Intel Guru MarkZ [via PDK] [Any news on rates for the dong.] Hearing that the rates is still rumored to be around .45 for street/in-country rate and up to $2 or so for the contract rate.
11-11-2019 Newshound Guru MilitiaMan The MR's have to get done...And now that appears to be the case they will...don't let the GOI issues reflect against the CBI. My view is Mahdi and the Finance Minister may have finally given Alaq the green light... They cannot afford to lose control of the internal fluctuations in the exchange rate going south any more than what it has. So all things interlinked imo bodes so very well for us..imo. [post 2 of 2]
11-11-2019 Newshound Guru MilitiaMan The Finance Minister, Alaq and Mahdi in the same room for what? We all know what the implications are. They are talking money and how that will effect the demands of the citizens and their purchasing power...imo. The timing of it is no coincidence imo...The CBI probably told the Finance Minister and Mahdi to get the lead out...they all know that this should have been done a along time ago...and now they apparently know they painted them selves into a corner and the demonstrations proved it. [post 1 of 2....stay tuned]
11-11-2019 Intel Guru MarkZ [via PDK] I have people all over the world…Zurich, Hong Kong and Reno are all positioned and expecting to go in today…they also expect us to see 800 numbers sometime today or tomorrow. Yesterday Iraq was supposed to vote on the HCL bill…I have been unable to verify if they did yet. Dinar rumored rate is $3.91 to $4 in-country ...$8to $8.20 Contract rate is the most consistent rumor I am hearing. [...do you really think we will see this in November?] I thought we would see it in October... I think it could happen at anytime according to sources…
11-11-2019 Newshound/Intel Guru RVAlready As the RV cannot be announced in advance, the info you are looking for will not be announced in advance. We will probably know nothing until 800 numbers are released. Or until CBI makes a public announcement.
11-11-2019 Newshound Guru Jeff …They’re putting the last piece of the puzzle together which is that 2020 budget. Now who’s in charge? The person in charge is going to have an agenda. And how does this benefit them? …who poured trillions of dollars into Iraq? Who shed blood for Iraq? …Donald Trump must be in charge. What’s his agenda? How does he gain from this? Well he is rerunning for president. What’s his political theme? …A strong economy…the revaluation just injects billions of dollars into our pockets and back into our economy that promotes Trump…
11-11-2019 Newshound Guru MilitiaMan Article: "Parliamentary Economic: The 2020 budget includes unprecedented reform clauses" I like the way they translate things... lol... The incomplete budget law for 2020 until now...In other words it is now complete. I'll bet the meeting with the KRI talking about PERMANENT REVENUE SHARING could fall under the category of unprecedented reform clauses,e.e., read HCL...My best guess is it is apart of it. The now completed 2020 Budget was scheduled to be completed with out disruption. Imagine that? Wow! From the sounds of things the attendance was stellar today... Many things lining up and even in some areas cooling off...imo..
11-10-2019 Intel Guru Frank26 ...in my opinion there’s only so much time left for what we call a receipt schedule therefore in my opinion now watch once again but this time WATCH...the reinstatement and the CBI travel at a much faster SPEED than we have ever seen...
11-10-2019 Intel Guru Delta [reference Guru Delta post 11-10-2019, below] ...LET ME EXPLAIN...THERE IS SOME REFORMS THAT WILL TAKE TIME BECAUSE THEY DEAL WITH CONSTITUTION. BUT AS FAR AS REFORM THAT DEAL WITH MONETARY POLICY WILL NOT TAKE THAT LONG...IMO...MR IS READY TO GO...
11-10-2019 Newshound Guru MilitiaMan Reforms are slated to be addressed as early as tomorrow... I'll be oh so very watchful over the next couple of days. I have not seen any postponement yet on the Fair. If you recall there is an annual conference in Great Britain on 12/08/2019 with many and more of the names above. If the Fair on the 11th is to be successful ahead of that one in GB, they'll need reforms in the bag by then for those attending on the 11th...We shall see. imo. [post 2 of 2]
11-10-2019 Newshound Guru MilitiaMan I am not sure there is the Baghdad Fair starting on Monday or not. They had it scheduled for the first and the put the 11th on the time line. ...Well there are some heavy hitters that were in the KRI (Kurdistan Region) talking business and what stands out are a few things. 1) Security, 2) Electricity, 3) Accounting and auditing, 4) PERMANENT REVENUE SHARING and they are to continue onto Baghdad. All of this during the demonstrations having been on going. Investors of the caliber they mention are GLOBAL... [post 1 of 2....stay tuned]
11-10-2019 Newshound Guru Kaperoni Latest CBI reporting on the Market Rate is 1218. This is as of Nov 6. No new updates yet. This number is out of compliance. Unofficial media today reports the spread as back in compliance. Keep an eye on the reported Market Rate as reported by the CBI... [You can always see the latest CBI reported market and official rate on the left of this page.]
11-10-2019 Intel Guru Delta ...ALAQ AND FINANCIAL MINISTER WITH MAHDI...IMO...GATE IS ABOUT TO OPEN...
11-10-2019 Newshound Guru Kaperoni [via Zig] [Kap,Can the CBI decide to float the currency without them being in Article 8 first?...] Yes. They can change exchange rate regimes anytime they want... But I don't expect them to get off the peg until they have significant capital coming in to invest... As for Article VIII if the IMF is going to be a stickler they could make them start over and wait 90 days once in compliance again... Because that is clearly in writing in the IMF charter that once you meet the 2% rule you have to hold it for 90 days... So if the spread is now what they say it is and the CBI reports it as such it appears we're in for a wait.
11-10-2019 Intel Guru Delta [reference Guru Delta post 11-10-2019, below] ...LET ME EXPLAIN...THERE IS SOME REFORMS THAT WILL TAKE TIME BECAUSE THEY DEAL WITH CONSTITUTION. BUT AS FAR AS REFORM THAT DEAL WITH MONETARY POLICY WILL NOT TAKE THAT LONG...IMO...MR IS READY TO GO...
11-10-2019 Newshound Guru MilitiaMan Reforms are slated to be addressed as early as tomorrow... I'll be oh so very watchful over the next couple of days. I have not seen any postponement yet on the Fair. If you recall there is an annual conference in Great Britain on 12/08/2019 with many and more of the names above. If the Fair on the 11th is to be successful ahead of that one in GB, they'll need reforms in the bag by then for those attending on the 11th...We shall see. imo. [post 2 of 2]
11-10-2019 Newshound Guru MilitiaMan I am not sure there is the Baghdad Fair starting on Monday or not. They had it scheduled for the first and the put the 11th on the time line. ...Well there are some heavy hitters that were in the KRI (Kurdistan Region) talking business and what stands out are a few things. 1) Security, 2) Electricity, 3) Accounting and auditing, 4) PERMANENT REVENUE SHARING and they are to continue onto Baghdad. All of this during the demonstrations having been on going. Investors of the caliber they mention are GLOBAL... [post 1 of 2....stay tuned]
11-10-2019 Newshound Guru Kaperoni Latest CBI reporting on the Market Rate is 1218. This is as of Nov 6. No new updates yet. This number is out of compliance. Unofficial media today reports the spread as back in compliance. Keep an eye on the reported Market Rate as reported by the CBI... [You can always see the latest CBI reported market and official rate on the left of this page.]
11-10-2019 Intel Guru Delta ...ALAQ AND FINANCIAL MINISTER WITH MAHDI...IMO...GATE IS ABOUT TO OPEN...
11-10-2019 Newshound Guru Kaperoni [via Zig] [Kap,Can the CBI decide to float the currency without them being in Article 8 first?...] Yes. They can change exchange rate regimes anytime they want... But I don't expect them to get off the peg until they have significant capital coming in to invest... As for Article VIII if the IMF is going to be a stickler they could make them start over and wait 90 days once in compliance again... Because that is clearly in writing in the IMF charter that once you meet the 2% rule you have to hold it for 90 days... So if the spread is now what they say it is and the CBI reports it as such it appears we're in for a wait.
11-9-2019 Newshound Guru Vital Brad …we hold Iraq’s currency. We want to see Iraq doing well. We want it. We don’t want to see protests. We don’t want to see violence. We want to see them standing on their own two feet. And they’re working through that. Change is happening. As their country improves and times goes on their currency is going to be an included world currency…
11-9-2019 Newshound/Intel Guru Mnt Goat ...They also need to convert the economy so that the banks could make revenue by other banking practices and ween off the currency auctions as their sole source of revenue... I will not get into the necessity to get rid of Iranian influence. ...So, here we sit and wait and wait. Will these demonstrations pan out for us investors? Will this finally be the breaking point of these corrupt officials to give up the currency? ...We can pray that this is the final straw that will break the camels back. [post 2 of 2]
11-9-2019 Newshound/Intel Guru Mnt Goat ...they know exactly what must get done but the corruption is so high in the government they can not ever execute on it at the level they need to make any real progress...So, my point is - they need to kick off the currency reform, get rid of the currency auctions and openly trade their currency on the global markets. They know it and we know it. So why has it not yet been done? It is way overdue! I don’t want to sound like a broken record but there are billions of $$$ being make off of NOT doing the currency reform. [post 1 of 2....stay tuned]
11-9-2019 Newshound Guru MilitiaMan Article: "The government agrees to open a consulate in the US state of 100,000 Iraqis" Quote: "The US State Department on Thursday approved the opening of a consulate-general in Texas to provide consular services to more than 100,000 Iraqis." Interesting there were many things associated to Iraq out of Texas, since I have been in this.. Currency comes to mind too. hmm.. I wonder if reforms to come will have much to do with this coming about?
11-9-2019 Intel Guru Frank26 ....seven times I think Allaq has come out in the last twenty-three days to talk to the citizens about the reinstatement of the Iraqi dinar and about lifting the zeros from their exchange rate, about the smaller notes…
11-9-2019 Newshound Guru Jeff Don’t forget I have strongly suggested to you that Donald Trump is definitely in charge of all this…It’s the US government that actually poured trillions of dollars into the country of Iraq and the US is the one that shed blood for Iraq. So really the U.S. is in charge not so much the IMF and World Bank. They may have a little say but not on timing. IMO the timing of this is all dictated and directed by the Trump Administration and I will promise you that he’s gonna use the timing of the rate change to benefit his political gain…seven to eight months before the US November elections…it’s all unfolding right before your eyes.
11-9-2019 Newshound/Intel Guru Mnt Goat ...They also need to convert the economy so that the banks could make revenue by other banking practices and ween off the currency auctions as their sole source of revenue... I will not get into the necessity to get rid of Iranian influence. ...So, here we sit and wait and wait. Will these demonstrations pan out for us investors? Will this finally be the breaking point of these corrupt officials to give up the currency? ...We can pray that this is the final straw that will break the camels back. [post 2 of 2]
11-9-2019 Newshound/Intel Guru Mnt Goat ...they know exactly what must get done but the corruption is so high in the government they can not ever execute on it at the level they need to make any real progress...So, my point is - they need to kick off the currency reform, get rid of the currency auctions and openly trade their currency on the global markets. They know it and we know it. So why has it not yet been done? It is way overdue! I don’t want to sound like a broken record but there are billions of $$$ being make off of NOT doing the currency reform. [post 1 of 2....stay tuned]
11-9-2019 Newshound Guru MilitiaMan Article: "The government agrees to open a consulate in the US state of 100,000 Iraqis" Quote: "The US State Department on Thursday approved the opening of a consulate-general in Texas to provide consular services to more than 100,000 Iraqis." Interesting there were many things associated to Iraq out of Texas, since I have been in this.. Currency comes to mind too. hmm.. I wonder if reforms to come will have much to do with this coming about?
11-9-2019 Intel Guru Frank26 ....seven times I think Allaq has come out in the last twenty-three days to talk to the citizens about the reinstatement of the Iraqi dinar and about lifting the zeros from their exchange rate, about the smaller notes…
11-9-2019 Newshound Guru Jeff Don’t forget I have strongly suggested to you that Donald Trump is definitely in charge of all this…It’s the US government that actually poured trillions of dollars into the country of Iraq and the US is the one that shed blood for Iraq. So really the U.S. is in charge not so much the IMF and World Bank. They may have a little say but not on timing. IMO the timing of this is all dictated and directed by the Trump Administration and I will promise you that he’s gonna use the timing of the rate change to benefit his political gain…seven to eight months before the US November elections…it’s all unfolding right before your eyes.
11-8-2019 Newshound Guru Vital Brad Article “Abdul Mahdi: We are working to find a budget capable of managing the economy correctly and increase the non-oil resources” …the nice things about the budget, when they put that out you can see the numbers and if there’s gonna be a rate change…then they may factor in funds at a different rate…
11-8-2019 Newshound Guru Kaperoni ...I've said it before if Iraq goes to a 1 to $1 rate overnight it's going to be a LOP. We obviously do not want to see that happen. What we do want to see happen is an increase in investment to coincide with the market economy causing inflationary pressure for the CBI to float the currency.
11-8-2019 Newshound Guru Vital Brad …some people are saying that, If we bought the currency at a Currency Dealer vs. got it at a Bank that one of them is not gonna be accepted. The currency, if you have valid currency, it was ran through a De La Rue machine. This is a specific machine and it can be verified if it’s authentic…there’s no way to differentiate whether you got it at the bank or whether you got it at a currency dealer...I think at some point in time the currency is gonna be reinstated…
11-8-2019 Newshound Guru Jeff …Parliament literally is not holding sessions and getting anything credible done because the things they need to do they can’t do until after the rate change…the current facts are telling us that at least right now the next thing we’re looking to see is the completion of the 2020 budget…my personal opinion that shortly after they finish the 2020 budget it’s game over. And the news is showing we probably don’t have anything else to wait for after they complete the 2020 budget. I firmly believe based on the current facts that that will be the last step before they indeed change the rate…
11-8-2019 Newshound Guru MilitiaMan They have been in sessions working on that very topic and again they speak of the 2020 budget being for the citizens and their demands. Those items are slated from now through this weekend...So, lets see how this next 24-72 hours plays out. My best view is they are still right on track with completion of reforms. ...A successful fair will set the stage!! The tools they have in the quiver to create success is the rate change!... [post 2 of 2]
11-8-2019 Newshound Guru MilitiaMan I feel there is still good reason to be very optimistic about a window we may be in...we have been told that the receipts of waiting have been issued, they have time lines with them. We have heard that the delivery of smalls has been done to date. ...The demonstrations have triggered the GOI to get the lead out... They extended the Baghdad Fair for ten days. Well that ten days is up on the 11th...Since we haven't seen another postponement yet in regard to that fair, I am assuming ("") that they have every intention on going forward with it...So, if they do have the Fair, it would seem that the final end of the reforms being an international rate has to be in the bag by now. [post 1 of 2....stay tuned]
11-8-2019 Newshound Guru Kaperoni ...I've said it before if Iraq goes to a 1 to $1 rate overnight it's going to be a LOP. We obviously do not want to see that happen. What we do want to see happen is an increase in investment to coincide with the market economy causing inflationary pressure for the CBI to float the currency.
11-8-2019 Newshound Guru Vital Brad …some people are saying that, If we bought the currency at a Currency Dealer vs. got it at a Bank that one of them is not gonna be accepted. The currency, if you have valid currency, it was ran through a De La Rue machine. This is a specific machine and it can be verified if it’s authentic…there’s no way to differentiate whether you got it at the bank or whether you got it at a currency dealer...I think at some point in time the currency is gonna be reinstated…
11-8-2019 Newshound Guru Jeff …Parliament literally is not holding sessions and getting anything credible done because the things they need to do they can’t do until after the rate change…the current facts are telling us that at least right now the next thing we’re looking to see is the completion of the 2020 budget…my personal opinion that shortly after they finish the 2020 budget it’s game over. And the news is showing we probably don’t have anything else to wait for after they complete the 2020 budget. I firmly believe based on the current facts that that will be the last step before they indeed change the rate…
11-8-2019 Newshound Guru MilitiaMan They have been in sessions working on that very topic and again they speak of the 2020 budget being for the citizens and their demands. Those items are slated from now through this weekend...So, lets see how this next 24-72 hours plays out. My best view is they are still right on track with completion of reforms. ...A successful fair will set the stage!! The tools they have in the quiver to create success is the rate change!... [post 2 of 2]
11-8-2019 Newshound Guru MilitiaMan I feel there is still good reason to be very optimistic about a window we may be in...we have been told that the receipts of waiting have been issued, they have time lines with them. We have heard that the delivery of smalls has been done to date. ...The demonstrations have triggered the GOI to get the lead out... They extended the Baghdad Fair for ten days. Well that ten days is up on the 11th...Since we haven't seen another postponement yet in regard to that fair, I am assuming ("") that they have every intention on going forward with it...So, if they do have the Fair, it would seem that the final end of the reforms being an international rate has to be in the bag by now. [post 1 of 2....stay tuned]
11-7-2019 Intel Guru MarkZ ...no one knew the exact timing of the release, but he himself was on a moment to moment basis. His contacts were reporting that the release was anywhere from it’s already done, to they were waiting for Sun. 10 Nov. when the Iraqi Parliament voted on HCL.
11-7-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQI PRESIDENT BARHAM SALEH SAID ON THURSDAY THAT PRIME MINISTER ADEL ABDUL MAHDI HAD AGREED TO RESIGN" (FYI: but has not yet resigned) ...of course when this announcement was made on Thursday of Mahdi resignation, Iran has stepped in to try to prevent the ouster of Iraqi Prime Minister Abdel Abdul Mahdi by two of Iraq’s most influential figures amid weeks of anti-government demonstrations. Gee whiz who could these two “influential figures” be? Could they be Ameri and Maliki?
11-7-2019 Newshound Guru Kaperoni Looking at the auctions numbers today Iraq has fell out of 2% compliance. I would expect that means the CBI needs to start over, sustain it for another 90 days or more once back in compliance. No IMF Article VIII for a while unfortunately... [NOTE: The CBI's official market rate is still within 2% compliance. You can always see the official CBI rates on the left of this page...The CBI has not updated the market rate since 11/4]
11-7-2019 Newshound/Intel Guru Mnt Goat Article: "US CONGRESSIONAL DELEGATION VISITS IRAQ ON SUNDAY" remember the US still holds OPAC sanctions on Iraq. Iraq will need these to be lifted if the US is going to give permission to go.
11-7-2019 Intel Guru Frank26 …may I now suggest you watch President Trump get more involved in the Middle East…
11-7-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQI PRESIDENT BARHAM SALEH SAID ON THURSDAY THAT PRIME MINISTER ADEL ABDUL MAHDI HAD AGREED TO RESIGN" (FYI: but has not yet resigned) ...of course when this announcement was made on Thursday of Mahdi resignation, Iran has stepped in to try to prevent the ouster of Iraqi Prime Minister Abdel Abdul Mahdi by two of Iraq’s most influential figures amid weeks of anti-government demonstrations. Gee whiz who could these two “influential figures” be? Could they be Ameri and Maliki?
11-7-2019 Newshound Guru Kaperoni Looking at the auctions numbers today Iraq has fell out of 2% compliance. I would expect that means the CBI needs to start over, sustain it for another 90 days or more once back in compliance. No IMF Article VIII for a while unfortunately... [NOTE: The CBI's official market rate is still within 2% compliance. You can always see the official CBI rates on the left of this page...The CBI has not updated the market rate since 11/4]
11-7-2019 Newshound/Intel Guru Mnt Goat Article: "US CONGRESSIONAL DELEGATION VISITS IRAQ ON SUNDAY" remember the US still holds OPAC sanctions on Iraq. Iraq will need these to be lifted if the US is going to give permission to go.
11-7-2019 Intel Guru Frank26 …may I now suggest you watch President Trump get more involved in the Middle East…
11-6-2019 Newshound/Intel Guru Mnt Goat Article: "RESIGNATION OF PRIME MINISTER ADEL ABDUL MAHDI WILL NOT AFFECT THE PASSAGE OF THE 2020 BUDGET" ...this is really good news. Seems the 2020 budget is being held up due to the necessity to include money for govt reforms as per demonstrators demands.
11-6-2019 Newshound Guru Adam Montana ...the exchange rate is stable in spite of the confusion. I can't imagine a more solid argument for Iraq's future than that! WTI oil pricing is stable. The work that was being done hasn't backtracked - it's just paused. Progress made has not been lost - just paused. ...the situation will work itself out, and we'll be back on track shortly...keep your head up and stay positive. This train is still heading the right direction. [post 2 of 2]
11-6-2019 Newshound Guru Adam Montana Iraq isn't in the best possible spot this week...we are nearing a month of protests. Mahdi has promised to resign once a successor is named. They are working on a new election law that will likely eliminate a handful of positions in the GOI, and thereby reduce a bit of the corruption. Bad news - nothing is happening immediately. It appears that things are settling, but realistically this is going to take a couple more weeks. On the positive side... [post 1 of 2....stay tuned]
11-6-2019 Intel Guru Frank26 …Did you notice that these vital signs have not moved? …very stable…we have a country under turmoil, basically under war and it’s fascinating just like [Guru] Delta said that the exchange rate of the dinar in some markets is high. It doesn’t suffer. It’s going up! And then on top of that nothing seems to bother the exchange rate...something so devastating, the loss of lives is not causing any loss in the monetary and in the monetary reform of the Iraqi dinar. Fascinating isn’t it?
11-6-2019 Newshound Guru Jeff Article “President Barzani: Iraqi PM Mahdi needs to be given ‘more changes’ for reform” …this article is so revealing. It screams at you from many angles - rate change. They’re even telling you the steps that are waiting on the rate change right in this article. This was a great article…
11-6-2019 Intel Guru Delta Article: "The results of the window selling foreign currency on Wednesday 2019/11/6 and implemented on Tuesday 5/11/2019" CBI HAVE ANOTHER AUCTION FOR THURSDAY...2 AUCTION IN ONE DAY...THE DOLLAR EXCHANGE RATE IN THE IRAQ MARKET IS GOING VERY HIGH SOME CITIES IS UP TO $1 = 1221 DINARS. IT'S FORCING CBI TO DO 2 AUCTIONS. CBI HAVE TO MOVE FASTER NOW...
11-6-2019 Intel Guru Frank26 firefly77 says announcing agreement has been met today with Barzari in Baghdad to pay the citizens their monthly HCL oil credits...No amount given just deal reached by government to help keep Iraq from going back into chapter 7. If this comes to pass the amount would be over 1 USA dollar from previous agreements…We await to see what unfolds and see if this comes to pass
11-6-2019 Newshound Guru Adam Montana ...the exchange rate is stable in spite of the confusion. I can't imagine a more solid argument for Iraq's future than that! WTI oil pricing is stable. The work that was being done hasn't backtracked - it's just paused. Progress made has not been lost - just paused. ...the situation will work itself out, and we'll be back on track shortly...keep your head up and stay positive. This train is still heading the right direction. [post 2 of 2]
11-6-2019 Newshound Guru Adam Montana Iraq isn't in the best possible spot this week...we are nearing a month of protests. Mahdi has promised to resign once a successor is named. They are working on a new election law that will likely eliminate a handful of positions in the GOI, and thereby reduce a bit of the corruption. Bad news - nothing is happening immediately. It appears that things are settling, but realistically this is going to take a couple more weeks. On the positive side... [post 1 of 2....stay tuned]
11-6-2019 Intel Guru Frank26 …Did you notice that these vital signs have not moved? …very stable…we have a country under turmoil, basically under war and it’s fascinating just like [Guru] Delta said that the exchange rate of the dinar in some markets is high. It doesn’t suffer. It’s going up! And then on top of that nothing seems to bother the exchange rate...something so devastating, the loss of lives is not causing any loss in the monetary and in the monetary reform of the Iraqi dinar. Fascinating isn’t it?
11-6-2019 Newshound Guru Jeff Article “President Barzani: Iraqi PM Mahdi needs to be given ‘more changes’ for reform” …this article is so revealing. It screams at you from many angles - rate change. They’re even telling you the steps that are waiting on the rate change right in this article. This was a great article…
11-6-2019 Intel Guru Delta Article: "The results of the window selling foreign currency on Wednesday 2019/11/6 and implemented on Tuesday 5/11/2019" CBI HAVE ANOTHER AUCTION FOR THURSDAY...2 AUCTION IN ONE DAY...THE DOLLAR EXCHANGE RATE IN THE IRAQ MARKET IS GOING VERY HIGH SOME CITIES IS UP TO $1 = 1221 DINARS. IT'S FORCING CBI TO DO 2 AUCTIONS. CBI HAVE TO MOVE FASTER NOW...
11-6-2019 Intel Guru Frank26 firefly77 says announcing agreement has been met today with Barzari in Baghdad to pay the citizens their monthly HCL oil credits...No amount given just deal reached by government to help keep Iraq from going back into chapter 7. If this comes to pass the amount would be over 1 USA dollar from previous agreements…We await to see what unfolds and see if this comes to pass
11-5-2019 Intel Guru MarkZ As for the QFS.. We are supposedly getting the pinging now in Europe that started over night last night…the rumor is when that is finished we may see 800 numbers... Still hearing that the reset is moving east to west… In Iraq I am being told that the UST has had people in Iraq for a few days now… We have heard that we will all go together…when we are in a Gold Backed currency… I personally think we are at the end now…I really think this is going to be our week.
11-5-2019 Newshound Guru Jeff Article "Iranian Embassy Set Ablaze in Karbala" Quote " ...protesters set the Iranian consulate ablaze in the holy city of Karbala...they then scaled the walls and replaced consulate's Iranian flag with that of Iraq. U.S. President Donald Trump on Monday retweeted two videos from Saudi-funded newspapers that showed footage of the event... According to the Iraqi High Commission for Human Rights, at least 257 people have been killed, and more than 10,000 wounded, since protests began." [Post 2 of 2]
11-5-2019 Newshound Guru Jeff Article "The New York Times: Iraq Is Rising Against The Hateful Iranian Occupation" ...the news talks about an Anti-Iran uprising in Iraq. Quote "more than 200,000 Iraqis marched in Baghdad in the largest demonstration in Iraq's modern history, protesting against the Iraqi government and a foreign occupier - this time Iran, not America..." "The revolution is not Anti-American, it is anti-Iran, anti-religious - anti-politics, says Saad Iskandar, the former head of Iraq's national archives." [Post 1 of 2]
11-5-2019 Newshound/Intel Guru Mnt Goat So this was a measure also put in place with the expectation that this actions would someday coincide with the currency reform...It is the hold up of much progress in Iraq... I believe we are in a VERY GOOD position to see a rate change of the Iraqi dinar sooner than later. But remember Iraq is still on the OPAC sanction list and so the US will have lots to say if the dinar gets back on FOREX. We don’t go to the bank unless its on FOREX. There is a pot of gold at the end of the rainbow for us, we just have to get through the storm first. Relax the storm will end and we will see that pot of gold... [post 2 of 2]
11-5-2019 Newshound/Intel Guru Mnt Goat ...This past couple days Iraq met with the UN...the UN has stepped in and threatened that, if the killing does not stop, Iraq may re-enter back into Chapter VII. We know that Iran would luv this to occur as this would mean continuance of the currency auctions...So to meet some of the demands by the protestors, a decision has been made to finally pay the citizens their monthly HCL allocation... Remember also that HCL money, when paid out, has to be paid out at a rate over $1.00 USD. There is no way to get around this. [post 1 of 2....stay tuned]
11-5-2019 Newshound/Intel Guru David M. Witty In Iraq, protesters demand dissolvement of Parliament & early elections.
11-5-2019 Newshound Guru Jeff ...the news is now suggesting to us we are very close. They're now talking about the reforms. They're talking about amending the Constitution. All of these steps are post rate change steps...a little more time is needed because all of this involves money...we're waiting on that [2020] budget. But when you look at the news it does show you we're very close...
11-5-2019 Newshound Guru Jeff Article "Iranian Embassy Set Ablaze in Karbala" Quote " ...protesters set the Iranian consulate ablaze in the holy city of Karbala...they then scaled the walls and replaced consulate's Iranian flag with that of Iraq. U.S. President Donald Trump on Monday retweeted two videos from Saudi-funded newspapers that showed footage of the event... According to the Iraqi High Commission for Human Rights, at least 257 people have been killed, and more than 10,000 wounded, since protests began." [Post 2 of 2]
11-5-2019 Newshound Guru Jeff Article "The New York Times: Iraq Is Rising Against The Hateful Iranian Occupation" ...the news talks about an Anti-Iran uprising in Iraq. Quote "more than 200,000 Iraqis marched in Baghdad in the largest demonstration in Iraq's modern history, protesting against the Iraqi government and a foreign occupier - this time Iran, not America..." "The revolution is not Anti-American, it is anti-Iran, anti-religious - anti-politics, says Saad Iskandar, the former head of Iraq's national archives." [Post 1 of 2]
11-5-2019 Newshound/Intel Guru Mnt Goat So this was a measure also put in place with the expectation that this actions would someday coincide with the currency reform...It is the hold up of much progress in Iraq... I believe we are in a VERY GOOD position to see a rate change of the Iraqi dinar sooner than later. But remember Iraq is still on the OPAC sanction list and so the US will have lots to say if the dinar gets back on FOREX. We don’t go to the bank unless its on FOREX. There is a pot of gold at the end of the rainbow for us, we just have to get through the storm first. Relax the storm will end and we will see that pot of gold... [post 2 of 2]
11-5-2019 Newshound/Intel Guru Mnt Goat ...This past couple days Iraq met with the UN...the UN has stepped in and threatened that, if the killing does not stop, Iraq may re-enter back into Chapter VII. We know that Iran would luv this to occur as this would mean continuance of the currency auctions...So to meet some of the demands by the protestors, a decision has been made to finally pay the citizens their monthly HCL allocation... Remember also that HCL money, when paid out, has to be paid out at a rate over $1.00 USD. There is no way to get around this. [post 1 of 2....stay tuned]
11-5-2019 Newshound/Intel Guru David M. Witty In Iraq, protesters demand dissolvement of Parliament & early elections.
11-5-2019 Newshound Guru Jeff ...the news is now suggesting to us we are very close. They're now talking about the reforms. They're talking about amending the Constitution. All of these steps are post rate change steps...a little more time is needed because all of this involves money...we're waiting on that [2020] budget. But when you look at the news it does show you we're very close...
11-4-2019 Intel Guru Delta [via Guru Frank26] ...this was posted on the Warka Bank website. "The par value is 1.00 IQD" and it was printed in the Saudi Arabian newspaper. It's Warka saying the par value of one Iraqi Dinar is [equal to] ?X?X ...we have a Saudi Arabian newspaper that caught on and said look this is Warka and they're showing the Iraqi Dinar at 1 dinar. To What? The answer is to the American Dollar IMO...
11-4-2019 Intel Guru MarkZ [via PDK] News from Zurich said hearing it appears going from west to east now...pinging in China and NZ…it may soon appear in US...We should know about 8pm tonight. [Pinging ensures that the computers can talk to each other. That they recognize each other's IP Address.] we are hearing this is all just logistics as China is about to take over from Treasury.
11-4-2019 Newshound Guru Jeff Article "Adel Mahdi explains to an American delegation his 'reformist' project and outline its points' ...Iraq is meeting with the Americans to discuss the reforms. What they're showing you guys is that they cannot implement these reforms and really provide for the citizens [because] their hands are tied. They're pretty much as high an dry and as desperate for the rate change as everybody else. Iraq cannot take care of their own citizens until the rate change. They're basically telling you guys that they're waiting until that 2020 budget gets approved because the money has to be allocated for everything...
11-4-2019 Newshound Guru MilitiaMan Article: "Exchange rate stability" They are telling the world...that they have achieved monetary stability for foreign investors while suggesting they'll have a fixed exchange rate. One that will be supported and with little fluctuation. A stable environment in a narrow range of speculation, allows for an attractive environment for foreign investment!! Just what imo has been expected by foreign investors for almost tens of years or more, therefore, a strong rate means out of the gate to be good one. imo. They have stated the Glory Days is a potential goal of theirs...I don't doubt that the "longer we have had to wait, the more money we will make." (big smile)
11-4-2019 Newshound Guru MilitiaMan Article: "The work opens the door of new inclusiveness for a full-time appointed salary" They are talking about 24 hour service and getting text messages as an alert and in all provinces by way of Mastercard... let’s recall they are going to be effectively more of a cash-less society... Did we not here about the CBI moving money in all provinces recently? Full time salary... New inclusiveness!! Timing of so many things coming together. Love it! IMO...
11-4-2019 Intel Guru Delta Article: "To / ministries and entities not linked to the Ministry of all governorates and all provincial councils m / Warka Bank for Investment and Finance" FOR WARKA ACCOUNT HOLDERS VERY GOOD NEWS THIS LETTER WAS FROM CBI AND SIGN BY ALAQ STATING THAT WARKA BANK IS BACK ALSO A COPY WAS SENT TO ISX!!!
11-4-2019 Intel Guru MarkZ [via PDK] News from Zurich said hearing it appears going from west to east now...pinging in China and NZ…it may soon appear in US...We should know about 8pm tonight. [Pinging ensures that the computers can talk to each other. That they recognize each other's IP Address.] we are hearing this is all just logistics as China is about to take over from Treasury.
11-4-2019 Newshound Guru Jeff Article "Adel Mahdi explains to an American delegation his 'reformist' project and outline its points' ...Iraq is meeting with the Americans to discuss the reforms. What they're showing you guys is that they cannot implement these reforms and really provide for the citizens [because] their hands are tied. They're pretty much as high an dry and as desperate for the rate change as everybody else. Iraq cannot take care of their own citizens until the rate change. They're basically telling you guys that they're waiting until that 2020 budget gets approved because the money has to be allocated for everything...
11-4-2019 Newshound Guru MilitiaMan Article: "Exchange rate stability" They are telling the world...that they have achieved monetary stability for foreign investors while suggesting they'll have a fixed exchange rate. One that will be supported and with little fluctuation. A stable environment in a narrow range of speculation, allows for an attractive environment for foreign investment!! Just what imo has been expected by foreign investors for almost tens of years or more, therefore, a strong rate means out of the gate to be good one. imo. They have stated the Glory Days is a potential goal of theirs...I don't doubt that the "longer we have had to wait, the more money we will make." (big smile)
11-4-2019 Newshound Guru MilitiaMan Article: "The work opens the door of new inclusiveness for a full-time appointed salary" They are talking about 24 hour service and getting text messages as an alert and in all provinces by way of Mastercard... let’s recall they are going to be effectively more of a cash-less society... Did we not here about the CBI moving money in all provinces recently? Full time salary... New inclusiveness!! Timing of so many things coming together. Love it! IMO...
11-4-2019 Intel Guru Delta Article: "To / ministries and entities not linked to the Ministry of all governorates and all provincial councils m / Warka Bank for Investment and Finance" FOR WARKA ACCOUNT HOLDERS VERY GOOD NEWS THIS LETTER WAS FROM CBI AND SIGN BY ALAQ STATING THAT WARKA BANK IS BACK ALSO A COPY WAS SENT TO ISX!!!
11-3-2019 Newshound Guru MilitiaMan "Liberation women clean the streets and decorate the sidewalks with flowers" When they clean up the mess they’ll be able to get back to business! I am seriously liking what this is showing us today. These women know what to expect from the CBI and with those bill boards in the square in an article today...I could see the descriptions and depictions of what is to come be out for all to see once the place is tidied up!! What a way to get things back to normal and ready for a new beginning with a new sovereign currency and even a new government for to mange the citizens demands going forward! Let’s see what the next “Couple” days brings. Imo - All good!
11-3-2019 Newshound Guru larrykn I don't look for dates just actions on their part...so far I'm still looking. when you have half the politicians out there not wanting changes and half do, its called a stalemate...so we wait and see... For me this will take time and no one knows when, all we can do is read the news and pray that Iraq gets themself together long enough to get laws passed and Articles implemented.
11-3-2019 Newshound/Intel Guru RVAlready [I'm sorry...ths just doesn't meet the smell test. Iraq says they are postponing the deletion of 3 zeros...and the banks want to work more USLESS hours...not too logical.] I agree. Makes no sense in terms of the protest. Unless UST can make a lot of profit from the oil credits. It is one very strange situation.
11-3-2019 Newshound Guru Jeff Article: "This is the date of interrogation of Adel Abdul Mahdi in Parliament" …the “government program” is everything that gets implemented. Better healthcare. Better lives. All the government services and resources they will provide the citizens after the rate change…they are waiting on the rate change…they were only able to offer the citizens very little because the government’s hands are tied and that’s because external powers control the timing of the rate change. And that’s called Donald Trump…The US is the only group that shed blood for Iraq. We pour trillions of dollars into Iraq. Trump actually put the tariffs on China and the sanctions on Iran. The US and the Trump administration are the ones calling the shots, controlling the timing on this. Not the IMF and Not the World Bank…
11-3-2019 Newshound Guru larrykn I don't look for dates just actions on their part...so far I'm still looking. when you have half the politicians out there not wanting changes and half do, its called a stalemate...so we wait and see... For me this will take time and no one knows when, all we can do is read the news and pray that Iraq gets themself together long enough to get laws passed and Articles implemented.
11-3-2019 Newshound/Intel Guru RVAlready [I'm sorry...ths just doesn't meet the smell test. Iraq says they are postponing the deletion of 3 zeros...and the banks want to work more USLESS hours...not too logical.] I agree. Makes no sense in terms of the protest. Unless UST can make a lot of profit from the oil credits. It is one very strange situation.
11-3-2019 Newshound Guru Jeff Article: "This is the date of interrogation of Adel Abdul Mahdi in Parliament" …the “government program” is everything that gets implemented. Better healthcare. Better lives. All the government services and resources they will provide the citizens after the rate change…they are waiting on the rate change…they were only able to offer the citizens very little because the government’s hands are tied and that’s because external powers control the timing of the rate change. And that’s called Donald Trump…The US is the only group that shed blood for Iraq. We pour trillions of dollars into Iraq. Trump actually put the tariffs on China and the sanctions on Iran. The US and the Trump administration are the ones calling the shots, controlling the timing on this. Not the IMF and Not the World Bank…
11-2-2019 Newshound Guru Francis Albert deleting the zeros from the exchange rate...as stated by CBI is quite different from the "LOP" Kap [Guru Kaperoni] continues to pitch. I think he's just off base on this one, or the CBI is just making stuff up..which is possible too...[Reference Guru Kaps Post Below]
11-2-2019 Newshound Guru Kaperoni ...If you wake up someday and it's a 1 to $1 exchange rate, Iraq just LOP'd, meaning you've made nothing. Believe me, Iraq will never substantially RV the dinar. If the dinar is ever going to go up in value, it's going to go up based on investment and an improved GDP via a float.
11-2-2019 Newshound Guru Breitling …there’s really nothing else you need to look into or be worried about. What you need to do is you need to make sure you understand what your exit strategy is once you exchange your currency. In other words, what are your taxes going to look like? That’s what you need to worry about. That’s all you need to be thinking about. You don’t need to be thinking about how you’re going to spend it. Because first you need to figure out how much you’re gonna be able to keep, right? So you have to be thinking on those terms. [Note: At the appropriate time speak with your tax professional]
11-2-2019 Newshound Guru Vital Brad …the demonstrations have continued…The soldiers and the police they aren’t using deadly force. Things seem to be more contained…Mahdi has not resigned yet but President Barham Salih has come out and said the PM has expressed his willingness to submit his resignation asking the political blocs to reach an acceptable alternative…to avoid a power vacuum….we know what the people want. They want their wealth. When the Iraqi people’s currency is reinstated and revalued…Iraq is gonna flourish…their whole environment there will just transform…we’re getting to the boiling point where Iraq is gonna join the free market again and we all know what that means for us holding Iraq’s currency. They’ve met all the requirement and it could happen any time…
11-2-2019 Newshound Guru Kaperoni ...If you wake up someday and it's a 1 to $1 exchange rate, Iraq just LOP'd, meaning you've made nothing. Believe me, Iraq will never substantially RV the dinar. If the dinar is ever going to go up in value, it's going to go up based on investment and an improved GDP via a float.
11-2-2019 Newshound Guru Breitling …there’s really nothing else you need to look into or be worried about. What you need to do is you need to make sure you understand what your exit strategy is once you exchange your currency. In other words, what are your taxes going to look like? That’s what you need to worry about. That’s all you need to be thinking about. You don’t need to be thinking about how you’re going to spend it. Because first you need to figure out how much you’re gonna be able to keep, right? So you have to be thinking on those terms. [Note: At the appropriate time speak with your tax professional]
11-2-2019 Newshound Guru Vital Brad …the demonstrations have continued…The soldiers and the police they aren’t using deadly force. Things seem to be more contained…Mahdi has not resigned yet but President Barham Salih has come out and said the PM has expressed his willingness to submit his resignation asking the political blocs to reach an acceptable alternative…to avoid a power vacuum….we know what the people want. They want their wealth. When the Iraqi people’s currency is reinstated and revalued…Iraq is gonna flourish…their whole environment there will just transform…we’re getting to the boiling point where Iraq is gonna join the free market again and we all know what that means for us holding Iraq’s currency. They’ve met all the requirement and it could happen any time…
11-1-2019 **** Dinar Guru Newsflash **** According to CNN and other news outlets Iraqi Prime Minister Mahdi has agreed to resign from his position. He will step down next week after parliament passes needed election laws and a new government is in place. Stay tuned as the gurus chime in to discuss the impact this news will have on the dinar...
11-1-2019 Newshound Guru Kaperoni ...one of the primary tools and responsibilities of the CBI is to maintain stability meaning if it's going to go up in value it'll go up gradually based on pressure/inflation created as a result of significant investment and a private sector. So until the laws are passed, contracts are signed, stability exists there is no private sector. So we wait. The idea of a public-private partnership built into the 2020 budget to launch the market economy/private sector is an excellent idea but we'll have to wait and see.
11-1-2019 Newshound/Intel Guru Mnt Goat Article: "KURDISTAN SUPPORTS CONSTITUTIONAL AMENDMENTS TO CONTRIBUTE TO IMPROVING THE LIVING AND SERVICE REALITY OF THE IRAQI PEOPLE" Laws don’t do any good unless they are enforced. We have seen this lack of enforcement in many of the laws enacted in Iraq. This is part of the problem with this new democracy.
11-1-2019 Newshound Guru chattels Article quote: "In his first televised address in weeks, President Barham Salih said the country’s embattled Prime Minister Adil Abdul-Mahdi was ready to step down, but there was so far no one to take his place. “The prime minister expressed his willingness to submit his resignation, asking the political parties to reach an agreement on an acceptable alternative,” said Salih. He pledged to hold early elections as soon as a new voting law and oversight commission was agreed, but his speech did not appear to impress demonstrators."
11-1-2019 Intel Guru MarkZ [Sounds like anytime after Monday should be a go.] My opinion only – Could be sooner! I am hearing fantastic things from Iraq also. Hearing that they have already started floating close to a 1 to 1 parity. I am waiting to hear back from my contractor over there and a confirmation from him. I heard that many people were asked to be quiet...i was not asked...Big expectations for this weekend... [post 2 of 2]
11-1-2019 Intel Guru MarkZ [via PDK] November - the month I never thought we would hit…We are hearing the Chinese took over last night around midnight and they already have a solid plan to get things rolling over the next 24 hours or so. And could be as early as just hours away. The US loses 2% but it will not affect anything on our side of the exchange or the rates. We are all watching today daggone closely... [post 1 of 2...stay tuned]
11-1-2019 Newshound/Intel Guru Mnt Goat Is replacing Mahdi’s government the best choice? There are many ways of looking at this. You can see the glass as half empty or half full. I chose to see it half full meaning that it is about time Sadr has put his foot down and demanded the execution of these reforms. Sadr is using the people to fight corruption since he has tried all other means already. ...So, this is finally getting done, something that had to take place sooner or later and it is better now sooner than later.
11-1-2019 Newshound/Intel Guru Francis Albert I would encourage not so much pessimism. The CBI is all that matters here. The government over there, just like any government will always be screwed up. ...the idea of a "Fully seated government"...IMO, this never was a problem. It just wasn't time for OH, so many reasons. You all are fine.
11-1-2019 Intel Guru Frank26 …the moment that you wake up one day and you see on the CBI website...the exchange rate is 1 to 1 now, that is when you have to make a decision. I wouldn’t run to the bank. I wouldn’t even walk to the bank. I’d sit down first. Get all your teams, make a proper decision. Take it to God in prayer…then the next question is how much? “What you got 10 million dinars?” “You gonna cash it all in at 1 to 1?” ‘No.’ “Why not?” IMO the potential of this country is exponential. I don’t think that 1 to 1 is where it’s gonna cap. Maybe I’ll exchange 1 million dinars and I’ll keep the other nine million…I’m gonna watch…[Note: The latest CBI exchange rates are always located on the left side of this page.]
11-1-2019 Newshound/Intel Guru Mnt Goat Article: "KURDISTAN SUPPORTS CONSTITUTIONAL AMENDMENTS TO CONTRIBUTE TO IMPROVING THE LIVING AND SERVICE REALITY OF THE IRAQI PEOPLE" Laws don’t do any good unless they are enforced. We have seen this lack of enforcement in many of the laws enacted in Iraq. This is part of the problem with this new democracy.
11-1-2019 Newshound Guru chattels Article quote: "In his first televised address in weeks, President Barham Salih said the country’s embattled Prime Minister Adil Abdul-Mahdi was ready to step down, but there was so far no one to take his place. “The prime minister expressed his willingness to submit his resignation, asking the political parties to reach an agreement on an acceptable alternative,” said Salih. He pledged to hold early elections as soon as a new voting law and oversight commission was agreed, but his speech did not appear to impress demonstrators."
11-1-2019 Intel Guru MarkZ [Sounds like anytime after Monday should be a go.] My opinion only – Could be sooner! I am hearing fantastic things from Iraq also. Hearing that they have already started floating close to a 1 to 1 parity. I am waiting to hear back from my contractor over there and a confirmation from him. I heard that many people were asked to be quiet...i was not asked...Big expectations for this weekend... [post 2 of 2]
11-1-2019 Intel Guru MarkZ [via PDK] November - the month I never thought we would hit…We are hearing the Chinese took over last night around midnight and they already have a solid plan to get things rolling over the next 24 hours or so. And could be as early as just hours away. The US loses 2% but it will not affect anything on our side of the exchange or the rates. We are all watching today daggone closely... [post 1 of 2...stay tuned]
11-1-2019 Newshound/Intel Guru Mnt Goat Is replacing Mahdi’s government the best choice? There are many ways of looking at this. You can see the glass as half empty or half full. I chose to see it half full meaning that it is about time Sadr has put his foot down and demanded the execution of these reforms. Sadr is using the people to fight corruption since he has tried all other means already. ...So, this is finally getting done, something that had to take place sooner or later and it is better now sooner than later.
11-1-2019 Newshound/Intel Guru Francis Albert I would encourage not so much pessimism. The CBI is all that matters here. The government over there, just like any government will always be screwed up. ...the idea of a "Fully seated government"...IMO, this never was a problem. It just wasn't time for OH, so many reasons. You all are fine.
11-1-2019 Intel Guru Frank26 …the moment that you wake up one day and you see on the CBI website...the exchange rate is 1 to 1 now, that is when you have to make a decision. I wouldn’t run to the bank. I wouldn’t even walk to the bank. I’d sit down first. Get all your teams, make a proper decision. Take it to God in prayer…then the next question is how much? “What you got 10 million dinars?” “You gonna cash it all in at 1 to 1?” ‘No.’ “Why not?” IMO the potential of this country is exponential. I don’t think that 1 to 1 is where it’s gonna cap. Maybe I’ll exchange 1 million dinars and I’ll keep the other nine million…I’m gonna watch…[Note: The latest CBI exchange rates are always located on the left side of this page.]
10-31-2019 Newshound/Intel Guru Mnt Goat Now with the unrest and destabilization of the country I am skeptical if they can even complete the project to delete the zeros at this time. The news media has told us that the banks have emptied their vaults to the main CBI bank prior to the first demonstration for security purposes. They did this for fear the banks could be robbed in the process of the demonstrations. We know the smaller category notes had been already distributed in many of these banks, but not all of them. So these notes had been recalled. This distribution process will have to re-occur once security is obtained...All we can do as investors is site tight and wait to see it all play out. [post 2 of 2]
10-31-2019 Newshound/Intel Guru Mnt Goat We know for a FACT that everything needed to roll out the Iraqi dinar to trade internationally has been completed, except the last final steps including:
-completing the process of the “project to delete the zeros”
-correspondingly changing the rate and monitoring it for inflation
-relief from US OPAC sanctions
-reinstating the dinar on the global currency exchanges. [post 1 of 2....stay tuned]
10-31-2019 Newshound Guru Kaperoni With confidence in PM Mahdi failing, talk of him resigning is everywhere. We will just have to wait and see if it's true or not.
10-31-2019 Intel Guru MarkZ In Iraq – no value change as of late last night. [...did others see the post...showing where they dropped a zero on the rate?? I'm a bit confused about it...] We are in the midst of the reset and it is going to be a confusing mess for a short bit is my take on it... [With one zero gone is that for the betterment?] Absolutely this is for the betterment.
10-31-2019 Intel Guru Frank26 Question: I heard there were fireworks...today in Iraq. Can you confirm that and if so were they celebrating something? They weren’t celebrating anything associated to the reinstatement of the Iraqi dinars...When they do reinstate, fireworks will be nothing. Cannons will be fired off in that country! What you probably heard is just somebody that caught a little bit of a wedding because weddings in Iraq, firecrackers they like that a lot. Birthday party, graduation things like that…
10-31-2019 Newshound Guru Adam Montana There are positive signs everywhere, but the protests and "civil unrest" that's going on right now has tossed an anchor out on the final progress we'd like to see. It's not something that will last forever. The face of Iraq, Iraq's current exchange rate, OIL news, and more...all mostly unchanged by the current situation. The country is NOT in a downward spiral... but they are in the middle of an annoyingly long "pause"...We wait...
10-31-2019 Newshound/Intel Guru Mnt Goat We know for a FACT that everything needed to roll out the Iraqi dinar to trade internationally has been completed, except the last final steps including:
-completing the process of the “project to delete the zeros”
-correspondingly changing the rate and monitoring it for inflation
-relief from US OPAC sanctions
-reinstating the dinar on the global currency exchanges. [post 1 of 2....stay tuned]
10-31-2019 Newshound Guru Kaperoni With confidence in PM Mahdi failing, talk of him resigning is everywhere. We will just have to wait and see if it's true or not.
10-31-2019 Intel Guru MarkZ In Iraq – no value change as of late last night. [...did others see the post...showing where they dropped a zero on the rate?? I'm a bit confused about it...] We are in the midst of the reset and it is going to be a confusing mess for a short bit is my take on it... [With one zero gone is that for the betterment?] Absolutely this is for the betterment.
10-31-2019 Intel Guru Frank26 Question: I heard there were fireworks...today in Iraq. Can you confirm that and if so were they celebrating something? They weren’t celebrating anything associated to the reinstatement of the Iraqi dinars...When they do reinstate, fireworks will be nothing. Cannons will be fired off in that country! What you probably heard is just somebody that caught a little bit of a wedding because weddings in Iraq, firecrackers they like that a lot. Birthday party, graduation things like that…
10-31-2019 Newshound Guru Adam Montana There are positive signs everywhere, but the protests and "civil unrest" that's going on right now has tossed an anchor out on the final progress we'd like to see. It's not something that will last forever. The face of Iraq, Iraq's current exchange rate, OIL news, and more...all mostly unchanged by the current situation. The country is NOT in a downward spiral... but they are in the middle of an annoyingly long "pause"...We wait...
10-30-2019 Newshound Guru Kaperoni An interesting article...refers to the CBI making a courageous decision to control the movement of funds in February 2020. Could this be referring to accepting IMF Article VIII?
10-30-2019 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENT WILL VOTE ON THE SECOND REFORM PACKAGE" The House of Representatives plans to vote on the second reform package in the next few days that was, in part, called for by the demonstrators. Will this include currency reform and the project to delete the zeros?
10-30-2019 Intel Guru Bruce [via WiserNow] ...lot of things have happened – especially behind the scenes – I think sometime tomorrow [Wednesday]...we should have it [toll free numbers] and have it available to put out... this is what I’m being informed would be the case...We did get some rates and we believe everything is moving up slightly just like we thought and they’re going to be fantastic so you don’t have to worry about those at all... You know I cannot legitimately call it and I’ve told you many times that we’ve been very close as you know, and again today...tonight is one of those times...
10-30-2019 Newshound Guru Kaperoni Sounds like current Prime Minister Abdul Mahdi may resign during parliament tomorrow.
10-30-2019 Newshound/Intel Guru MarkZ [via PDK] In Iraq it seems the mood is improving there...signs that they are celebrating something today...I have a contact in Iraq who says they hear they are moving forward with an RI. ...An RI or Re-instatement first makes the most sense to me…then do a RV or Revalue at a later date. An Ri should not affect our contract rate. If it comes out as an RI I will definitely let you all know. If Iraq does an RI of $3 plus and floats it upwards...I would still exchange all my currencies …imo of course...Its very important that no one violates your NDA….you do not want to lose anything.
10-30-2019 Newshound/Intel Guru Mnt Goat Are these demonstrations in our favor? Will they help get the RV? Yes and yes. Just think if it. We know there is massive corruption in Iraq especially through the currency auctions...WE know we can’t get the RV unless this corruption is fixed. So at least something now positive is going on to fix it. It may take longer than we want but this is all we can do.
10-30-2019 Intel Guru Frank26 …the IQD exchange rate is still stable. We just had a calamity. We just had killings. We just had explosions. We just had fires. It’s a disaster. It’s a war inside of Iraq…remember the riots they had almost three years ago? The Iraqi Dinar rate fluctuated like crazy…the country of Iraq was unstable at the time…there is no doom and gloom like it’s being painted...
10-30-2019 Newshound Guru chattels The Parliament seems to be attempting to implement some reforms in order to avoid the chaos of a caretaker government and new elections, but is it too little too late? Other parliamentary governments have certainly survived the failure of a government, but this is unplowed ground for the young Iraqi democracy. Will Iraq survive it all? Tune in tomorrow as the "Iraqi World Turns" in the "Dinar Days of our Lives".
10-30-2019 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENT WILL VOTE ON THE SECOND REFORM PACKAGE" The House of Representatives plans to vote on the second reform package in the next few days that was, in part, called for by the demonstrators. Will this include currency reform and the project to delete the zeros?
10-30-2019 Intel Guru Bruce [via WiserNow] ...lot of things have happened – especially behind the scenes – I think sometime tomorrow [Wednesday]...we should have it [toll free numbers] and have it available to put out... this is what I’m being informed would be the case...We did get some rates and we believe everything is moving up slightly just like we thought and they’re going to be fantastic so you don’t have to worry about those at all... You know I cannot legitimately call it and I’ve told you many times that we’ve been very close as you know, and again today...tonight is one of those times...
10-30-2019 Newshound Guru Kaperoni Sounds like current Prime Minister Abdul Mahdi may resign during parliament tomorrow.
10-30-2019 Newshound/Intel Guru MarkZ [via PDK] In Iraq it seems the mood is improving there...signs that they are celebrating something today...I have a contact in Iraq who says they hear they are moving forward with an RI. ...An RI or Re-instatement first makes the most sense to me…then do a RV or Revalue at a later date. An Ri should not affect our contract rate. If it comes out as an RI I will definitely let you all know. If Iraq does an RI of $3 plus and floats it upwards...I would still exchange all my currencies …imo of course...Its very important that no one violates your NDA….you do not want to lose anything.
10-30-2019 Newshound/Intel Guru Mnt Goat Are these demonstrations in our favor? Will they help get the RV? Yes and yes. Just think if it. We know there is massive corruption in Iraq especially through the currency auctions...WE know we can’t get the RV unless this corruption is fixed. So at least something now positive is going on to fix it. It may take longer than we want but this is all we can do.
10-30-2019 Intel Guru Frank26 …the IQD exchange rate is still stable. We just had a calamity. We just had killings. We just had explosions. We just had fires. It’s a disaster. It’s a war inside of Iraq…remember the riots they had almost three years ago? The Iraqi Dinar rate fluctuated like crazy…the country of Iraq was unstable at the time…there is no doom and gloom like it’s being painted...
10-30-2019 Newshound Guru chattels The Parliament seems to be attempting to implement some reforms in order to avoid the chaos of a caretaker government and new elections, but is it too little too late? Other parliamentary governments have certainly survived the failure of a government, but this is unplowed ground for the young Iraqi democracy. Will Iraq survive it all? Tune in tomorrow as the "Iraqi World Turns" in the "Dinar Days of our Lives".
10-29-2019 Newshound/Intel Guru David M. Witty In Iraq, Muqtada Sadr calls for PM Abdel-Mahdi to resign, followed by early elections. PM refuses. Sadr calls on leader of Fatah Coalition, Ameri, to assist in removal of PM. Ameri says he will cooperate with Sadr to achieve goals of Iraqi people.
10-29-2019 Newshound Guru Kaperoni For those thinking the RV is coming the CBI has introduced a new 25,000 Dinar note with added security features. Guess the RV isn't coming just yet? ...Nothing is happening until after the Iraqi government sets the stage for foreign investment...
10-29-2019 Intel Guru Frank26 [via Clare] "THEY ARE AT THE JUNCTION OF DOING THE REST OF THE MR...IMO"
10-29-2019 Newshound/Intel Guru Mnt Goat So, we have almost reached the end of October 2019 and still no RV. ...I talked about the US OPAC sanctions and how they are impacting our ability to go to the bank and exchange. But remember also we need the rate on FOREX. This too is very important for us...Once the sanctions are lifted, I am sure the project to delete the zeros will follow and then the reinstatement will happen quickly and we will be at the banks exchanging almost immediately afterwards.
10-29-2019 Intel Guru MarkZ ...We heard there was problems at European Central Banks this week which are now fixed. [Now, Iraq wants a new government?] Yes they want another government...they are tired of waiting for the rv…hope it happens for them this week. We have very good contacts in Iraq. Last weekend we heard they were supposed to introduce the Lower Denominations widespread...We were told the US held them off because we weren’t ready. Due to the problem with the European banks...but they are still expecting the RV at any moment. I am still looking for it to go at any moment...
10-29-2019 Intel Guru Frank26 …Right now is a fascinating time for monetary reform…we have a “worst” situation that is going to be used to create a “best of” situation. The CBI is watching these protests. The CBI did not stop the monetary reform. "Well Frank they’ve slowed it down.” No. “Well Frank they’ve delayed it.” No…”They had a riot that killed 150 people they didn’t stop it then?” No. “Just the other day they had another 70 something more, they didn’t stop it then?” No. Do we have a pause, stoppage, delay or halt? No, not of monetary reform no…IMO the CBI, Allaq and whoever else is in there are very very anxious to raise the value of the Iraqi Dinar…
10-29-2019 Newshound Guru MilitiaMan Article quote: "...the celebrations were special in Baghdad by fireworks to celebrate..." Interesting the celebratory tone in this article...That sort of wording sound like a good thing not a bad thing... Could they have been told about and or shown the small notes and or depictions of them and this is the start of big things to come? Fireworks would be in order for that imo...
10-29-2019 Newshound Guru Kaperoni For those thinking the RV is coming the CBI has introduced a new 25,000 Dinar note with added security features. Guess the RV isn't coming just yet? ...Nothing is happening until after the Iraqi government sets the stage for foreign investment...
10-29-2019 Intel Guru Frank26 [via Clare] "THEY ARE AT THE JUNCTION OF DOING THE REST OF THE MR...IMO"
10-29-2019 Newshound/Intel Guru Mnt Goat So, we have almost reached the end of October 2019 and still no RV. ...I talked about the US OPAC sanctions and how they are impacting our ability to go to the bank and exchange. But remember also we need the rate on FOREX. This too is very important for us...Once the sanctions are lifted, I am sure the project to delete the zeros will follow and then the reinstatement will happen quickly and we will be at the banks exchanging almost immediately afterwards.
10-29-2019 Intel Guru MarkZ ...We heard there was problems at European Central Banks this week which are now fixed. [Now, Iraq wants a new government?] Yes they want another government...they are tired of waiting for the rv…hope it happens for them this week. We have very good contacts in Iraq. Last weekend we heard they were supposed to introduce the Lower Denominations widespread...We were told the US held them off because we weren’t ready. Due to the problem with the European banks...but they are still expecting the RV at any moment. I am still looking for it to go at any moment...
10-29-2019 Intel Guru Frank26 …Right now is a fascinating time for monetary reform…we have a “worst” situation that is going to be used to create a “best of” situation. The CBI is watching these protests. The CBI did not stop the monetary reform. "Well Frank they’ve slowed it down.” No. “Well Frank they’ve delayed it.” No…”They had a riot that killed 150 people they didn’t stop it then?” No. “Just the other day they had another 70 something more, they didn’t stop it then?” No. Do we have a pause, stoppage, delay or halt? No, not of monetary reform no…IMO the CBI, Allaq and whoever else is in there are very very anxious to raise the value of the Iraqi Dinar…
10-29-2019 Newshound Guru MilitiaMan Article quote: "...the celebrations were special in Baghdad by fireworks to celebrate..." Interesting the celebratory tone in this article...That sort of wording sound like a good thing not a bad thing... Could they have been told about and or shown the small notes and or depictions of them and this is the start of big things to come? Fireworks would be in order for that imo...
10-28-2019 Newshound Guru chattels Guru quote - " ...the RI will bring forth peace, prosperity and security. They know an international value related Dinar of a fully compliant Article 8 currency will bring all of those things... " The magic of the dinar is a panacea for all the ills of Iraq? Not likely. It is more likely that peace, prosperity and stability may yield an increase in the value of the dinar.
10-28-2019 Intel Guru MarkZ [...do you think that the riots in Iraq will stop the rv...?] I do not believe the riots in Iraq will stop the RV…I believe it will push it faster…These riots will not stop until they revalue their dinar… [...do you still believe it will be over by the 31st of October...?] Yes I do. [When do you look to see the 800 numbers?] They could appear right now and I would not be surprised...they could appear on Wednesday and I would not be surprised...anytime now… and I would not be surprised. I have great contacts in the banks and I personally believe there will be 800 numbers and no I do not think they are from the cabal.
10-28-2019 Newshound/Intel Guru RVAlready Wow. Baghdadi dead, GOI possibly disbanding, CBI close to RV, reforms to go forward, replacement government. This could be good for everybody. Maybe the replacements will represent the citizens, and not part of the corruption
10-28-2019 Intel Guru Delta ...ONE THE DEMAND IS TO STOP AUCTION AND MOVE TO MARKET ECONOMY WHICH IS REQUIRED ARTICLE 8 AND LIFTING 3 ZEROS AND GIVE DINAR TRUE VALUE...WHEN THINGS LOOKS BAD THAT WILL BE THE BEST TIME TO PULL IT...IMO.
10-28-2019 Newshound Guru VitalBrad …Some big Middle Eastern news just came out. Donald Trump tweeted…”Something very big has just happened!”… [article] “ISIS leader Abu Bakr al-Baghdadi Believed To Have Been Killed” … I believe this is another big victory to getting closer to Iraq’s currency restored. That whole region needs to be back in balance. Turkey, Syria, Iraq Iran. There’s still a lot of chaos going on over there in that whole region and we need peace.
10-28-2019 Newshound Guru Jeff …Iraq can’t wait too much longer. If you look at the demonstrations people are getting frustrated. People want the government to fulfill their obligations to the citizens. They’re looking for improved lives. Purchasing power. Better government services. Healthcare. Jobs. Better housing. Better lives. The government has promised them all that but the government can’t deliver that until the rate change…the governments hands are tied because external factors are in charge of the timing of the rate change. It’s that simple. There are not a lot of steps left for Iraq to do.
10-28-2019 Newshound Guru MilitiaMan Even if an interim GOI is installed or not this gets done...I am somewhat surprised Mahdi hasn’t seen by now that since they haven’t yet RI’d just yet, he is ineffective and will be going forward without it. They don’t RI he will be the loser, he resigns he will be a loser. The only way out imo could be, is for him to make sure there is an RI and quite quickly too. So, let’s see what the week brings. An emergency or extraordinary meeting is said to be slated for tomorrow [Monday]... [post 2 of 2
10-28-2019 Newshound Guru MilitiaMan I...see the demands of the people are well orchestrated, not as openly obvious as most would like. However, the next move is from the more affluent citizens. The professional level calling for to demonstrate tomorrow adds to the pressure to get the RI completed...They IMO know the RI will bring forth peace, prosperity and security. They know an international value related Dinar of a fully compliant Article 8 currency will bring all of those things... [post 1 of 2....stay tuned]
10-28-2019 Intel Guru MarkZ [...do you think that the riots in Iraq will stop the rv...?] I do not believe the riots in Iraq will stop the RV…I believe it will push it faster…These riots will not stop until they revalue their dinar… [...do you still believe it will be over by the 31st of October...?] Yes I do. [When do you look to see the 800 numbers?] They could appear right now and I would not be surprised...they could appear on Wednesday and I would not be surprised...anytime now… and I would not be surprised. I have great contacts in the banks and I personally believe there will be 800 numbers and no I do not think they are from the cabal.
10-28-2019 Newshound/Intel Guru RVAlready Wow. Baghdadi dead, GOI possibly disbanding, CBI close to RV, reforms to go forward, replacement government. This could be good for everybody. Maybe the replacements will represent the citizens, and not part of the corruption
10-28-2019 Intel Guru Delta ...ONE THE DEMAND IS TO STOP AUCTION AND MOVE TO MARKET ECONOMY WHICH IS REQUIRED ARTICLE 8 AND LIFTING 3 ZEROS AND GIVE DINAR TRUE VALUE...WHEN THINGS LOOKS BAD THAT WILL BE THE BEST TIME TO PULL IT...IMO.
10-28-2019 Newshound Guru VitalBrad …Some big Middle Eastern news just came out. Donald Trump tweeted…”Something very big has just happened!”… [article] “ISIS leader Abu Bakr al-Baghdadi Believed To Have Been Killed” … I believe this is another big victory to getting closer to Iraq’s currency restored. That whole region needs to be back in balance. Turkey, Syria, Iraq Iran. There’s still a lot of chaos going on over there in that whole region and we need peace.
10-28-2019 Newshound Guru Jeff …Iraq can’t wait too much longer. If you look at the demonstrations people are getting frustrated. People want the government to fulfill their obligations to the citizens. They’re looking for improved lives. Purchasing power. Better government services. Healthcare. Jobs. Better housing. Better lives. The government has promised them all that but the government can’t deliver that until the rate change…the governments hands are tied because external factors are in charge of the timing of the rate change. It’s that simple. There are not a lot of steps left for Iraq to do.
10-28-2019 Newshound Guru MilitiaMan Even if an interim GOI is installed or not this gets done...I am somewhat surprised Mahdi hasn’t seen by now that since they haven’t yet RI’d just yet, he is ineffective and will be going forward without it. They don’t RI he will be the loser, he resigns he will be a loser. The only way out imo could be, is for him to make sure there is an RI and quite quickly too. So, let’s see what the week brings. An emergency or extraordinary meeting is said to be slated for tomorrow [Monday]... [post 2 of 2
10-28-2019 Newshound Guru MilitiaMan I...see the demands of the people are well orchestrated, not as openly obvious as most would like. However, the next move is from the more affluent citizens. The professional level calling for to demonstrate tomorrow adds to the pressure to get the RI completed...They IMO know the RI will bring forth peace, prosperity and security. They know an international value related Dinar of a fully compliant Article 8 currency will bring all of those things... [post 1 of 2....stay tuned]
10-27-2019 Newshound/Intel Guru RVAlready ...seems a good time to pull the trigger to me... I am just sad that so many had to die in the protests.
10-27-2019 Newshound Guru ChrisC Article: "Barham Saleh holds an emergency meeting to discuss the dismissal of the government and the announcement of a transitional government" If you really look at the situation, this could have been predicted but is even more bold than I had anticipated. Remember the picture of him talking to Trump? Wasn't it this very guy that Trump said we have some really important things to talk about in private? ...I bet Trump had every person already picked for another govt., they just needed the people to make the choice of getting rid of the old one. I told you these guys are masters of this move. They come in and save the day and the people say "who was that masked man?".
10-27-2019 Newshound/Intel Guru David M. Witty Iraqi high level political source: Iraqi PM Abdel-Mahdi will resign due to protests.
10-27-2019 Intel Guru Frank26 ...THE GOI AND CBI ARE TWO COMPLETELY DIFFERENT ENTITIES ...THE GOI HAS AN AGENDA SELFISHLY FOR THEMSELVES. AS THE CBI ALSO HAS ITS OWN AGENDA! NEITHER ONE STOPS THEIR GOALS DUE TO THE OTHER. IMO ALAQ AND THE CBI'S RI IS MARCHING... EVEN AS THE CITZ MARCH AGAINST THE GOI. AND IMO ...THE GOI CONTINUES TO STEAL THE CITZ'S MONEY AS THE CBI CONTINUES TO TRY TO BRING BACK THE CITZ'S THEIR MONEY...
10-27-2019 Newshound Guru ChrisC Article: "Barham Saleh holds an emergency meeting to discuss the dismissal of the government and the announcement of a transitional government" If you really look at the situation, this could have been predicted but is even more bold than I had anticipated. Remember the picture of him talking to Trump? Wasn't it this very guy that Trump said we have some really important things to talk about in private? ...I bet Trump had every person already picked for another govt., they just needed the people to make the choice of getting rid of the old one. I told you these guys are masters of this move. They come in and save the day and the people say "who was that masked man?".
10-27-2019 Newshound/Intel Guru David M. Witty Iraqi high level political source: Iraqi PM Abdel-Mahdi will resign due to protests.
10-27-2019 Intel Guru Frank26 ...THE GOI AND CBI ARE TWO COMPLETELY DIFFERENT ENTITIES ...THE GOI HAS AN AGENDA SELFISHLY FOR THEMSELVES. AS THE CBI ALSO HAS ITS OWN AGENDA! NEITHER ONE STOPS THEIR GOALS DUE TO THE OTHER. IMO ALAQ AND THE CBI'S RI IS MARCHING... EVEN AS THE CITZ MARCH AGAINST THE GOI. AND IMO ...THE GOI CONTINUES TO STEAL THE CITZ'S MONEY AS THE CBI CONTINUES TO TRY TO BRING BACK THE CITZ'S THEIR MONEY...
10-26-2019 Newshound/Intel Guru Mnt Goat ...This is why Iraq has the currency auctions and must continue the auctions until the OFAC sanctions are lifted. ...The bottom line is the US must lift OFAC sanctions against Iraq or the banks will not be exchanging our Iraq dinars. This is something as dinar holders we all need to be aware of and look for... this has nothing to do with UN Chapter VII sanctions. These are in-addition to the UN sanctions. This is in dealing with the US banks. [post 3 of 3]
10-26-2019 Newshound/Intel Guru Mnt Goat What are OFAC sanctions? The US Office of Foreign Assets Control (OFAC) is responsible for creating, implementing and enforcing the United States’ sanctions...All of the following types of financial transactions should be reviewed for OFAC compliance: Deposit (checking & savings) accounts, Loans, Credit Cards, Wire transfers, ACH transfers. ...Iraq has already prepared themselves for the day when these sanctions will be lifted. But not yet. [post 2 of 3....stay tuned]
10-26-2019 Newshound/Intel Guru Mnt Goat ...what is holding up the reinstatement of the Iraqi dinar. We heard news in December 2017 that...UN Chapter VII sanctions has been lifted...Many were excited and hoped this would also release the currency...that this would free up the monetary system for Iraq and allow them to reinstate the currency. But this is NOT the case and here is why. In the recent past I told you it is the US that is holding up the final steps... let me show you now how the US is involved in holding up the reinstatement of the Iraqi dinar. OFAC Sanctions... [post 1 of 3....stay tuned]
10-26-2019 Newshound Guru Kaperoni The truth is the riots and protests are escalating in Iraq. Civil unrest is becoming evident. Iraq is doing everything It can just to keep things from falling apart. No reforms, no investment and no laws are being passed. If and when there is ever any currency reform it'll be when the country is stable, the laws are passed to invite in foreign investment, people are working, and Iraq has something to export other than oil. Only then can the CBI create the conditions to allow the currency to rise.
10-26-2019 Newshound/Intel Guru Mnt Goat What are OFAC sanctions? The US Office of Foreign Assets Control (OFAC) is responsible for creating, implementing and enforcing the United States’ sanctions...All of the following types of financial transactions should be reviewed for OFAC compliance: Deposit (checking & savings) accounts, Loans, Credit Cards, Wire transfers, ACH transfers. ...Iraq has already prepared themselves for the day when these sanctions will be lifted. But not yet. [post 2 of 3....stay tuned]
10-26-2019 Newshound/Intel Guru Mnt Goat ...what is holding up the reinstatement of the Iraqi dinar. We heard news in December 2017 that...UN Chapter VII sanctions has been lifted...Many were excited and hoped this would also release the currency...that this would free up the monetary system for Iraq and allow them to reinstate the currency. But this is NOT the case and here is why. In the recent past I told you it is the US that is holding up the final steps... let me show you now how the US is involved in holding up the reinstatement of the Iraqi dinar. OFAC Sanctions... [post 1 of 3....stay tuned]
10-26-2019 Newshound Guru Kaperoni The truth is the riots and protests are escalating in Iraq. Civil unrest is becoming evident. Iraq is doing everything It can just to keep things from falling apart. No reforms, no investment and no laws are being passed. If and when there is ever any currency reform it'll be when the country is stable, the laws are passed to invite in foreign investment, people are working, and Iraq has something to export other than oil. Only then can the CBI create the conditions to allow the currency to rise.
10-25-2019 **** Dinar Guru Update **** UPDATE: Guru Walkingstick had surgery yesterday. Word is that the surgery went well and he is recovering from that but still has a ways to go. He has been struggling with cancer for some time now. Please keep him in your thoughts and prayers for a successful day and speedy recovery.
10-25-2019 Intel Guru Frank26 ...ALAQ HAS COME OUT ONCE AGAIN...AND EVEN DURING THIS CHAOS...TO TALK ABOUT THE MONETARY REFORM. THE CBI IS OVERSEEING THE REACTION OF TODAY AND IMO...IS TRYING TO TELL THE CITIZENS TO CALM DOWN SO THAT THEY CAN DO WHAT THEY WANT TO DO FOR THE CITIZENS OF IRAQ. BASED ON OUR STUDY...EXACTLY WHAT WE TOLD YOU WOULD HAPPEN TODAY.
10-25-2019 Intel Guru Bruce I believe that it is conceivable that we would get started hopefully not pushed off until Monday - or even Saturday... But, we can’t say for sure... ...we’re not to talk about rates so I won’t but I will say that our sources that are close to the forex are saying that the value of certain currencies we have are continually going up... We know that Iraq has way passed their 72 hr window – I believe it’s just a matter of timing for everything to get released to us and hopefully that is soon rather than later... [post 2 of 2]
10-25-2019 Intel Guru Bruce [via WiserNow] ...last night, yesterday...they were sending out trounces of large funds...The funding is in place - The money is there - waiting for us...we were supposed to receive our notifications before lunchtime today – So what happened? Treasury stopped it from going this morning because there was a change in the number of currencies that were going to be put out in the first offering or the first basket...ultimately the plan is to not have but one release not a second or third or fourth basket - those days are gone...they don’t want those of us that are a part of this first offering to double up and purchase additional currency that we know are going in the second or third or fourth basket...that was decided on this morning...that’s how close we are... [post 1 of 2....stay tuned]
10-25-2019 Intel Guru MarkZ This thing can go anytime...even a weekend imo... The reset is not dependent on a day or time. A lot of unrest in Iraq...this will continue until they get the new rate... My contacts in Iraq feel they will see they new rate this weekend...We are in the middle of one of the biggest events in history right now…
10-25-2019 Newshound Guru Kaperoni The dinar cannot RV...Nothing is about to happen other than acceptance of IMF Article VIII which we believe may happen early next year. As for the dinar exchange rate, I believe it'll gradually appreciate overtime as instructed by the IMF and the 2013 IMF Article IV Consultation. Following that directive allows for the currency to increase in value but also provides the tool the CBI needs to counter inflationary pressure created by an influx of capital as investors come to rebuild Iraq's infrastructure. I guess we'll have to see who's right, but my money is the CBI following the IMF and having tools and mechanisms to maintain price stability throughout the country.
10-25-2019 Intel Guru Bruce I believe that it is conceivable that we would get started hopefully not pushed off until Monday - or even Saturday... But, we can’t say for sure... ...we’re not to talk about rates so I won’t but I will say that our sources that are close to the forex are saying that the value of certain currencies we have are continually going up... We know that Iraq has way passed their 72 hr window – I believe it’s just a matter of timing for everything to get released to us and hopefully that is soon rather than later... [post 2 of 2]
10-25-2019 Intel Guru Bruce [via WiserNow] ...last night, yesterday...they were sending out trounces of large funds...The funding is in place - The money is there - waiting for us...we were supposed to receive our notifications before lunchtime today – So what happened? Treasury stopped it from going this morning because there was a change in the number of currencies that were going to be put out in the first offering or the first basket...ultimately the plan is to not have but one release not a second or third or fourth basket - those days are gone...they don’t want those of us that are a part of this first offering to double up and purchase additional currency that we know are going in the second or third or fourth basket...that was decided on this morning...that’s how close we are... [post 1 of 2....stay tuned]
10-25-2019 Intel Guru MarkZ This thing can go anytime...even a weekend imo... The reset is not dependent on a day or time. A lot of unrest in Iraq...this will continue until they get the new rate... My contacts in Iraq feel they will see they new rate this weekend...We are in the middle of one of the biggest events in history right now…
10-25-2019 Newshound Guru Kaperoni The dinar cannot RV...Nothing is about to happen other than acceptance of IMF Article VIII which we believe may happen early next year. As for the dinar exchange rate, I believe it'll gradually appreciate overtime as instructed by the IMF and the 2013 IMF Article IV Consultation. Following that directive allows for the currency to increase in value but also provides the tool the CBI needs to counter inflationary pressure created by an influx of capital as investors come to rebuild Iraq's infrastructure. I guess we'll have to see who's right, but my money is the CBI following the IMF and having tools and mechanisms to maintain price stability throughout the country.
10-24-2019 Intel Guru Delta Article: "Launch of the electronic platform Iraq Trade Point to provide information support to investors and businessmen" "...the platform has an active role in the development of electronic business transactions in order to support Iraq's economy internationally through its membership in the Federal Federation of World Trade Points..."
10-24-2019 Newshound Guru Kaperoni Article quote: "Large-scale demonstrations expected to take place October 25, 2019 after Friday prayers." The protests are ramping back up for tomorrow in Baghdad and throughout Iraq this could get ugly but hopefully it'll stay civil. We don't need more setbacks in reforms.
10-24-2019 Intel Guru MarkZ [via PDK] I know we are still in a very good place according to all sources. I am still told by bankers that this is it...this is our week...but they keep saying that while nothing happens...The lack of real news has me upset...yesterday should have been a big day for us all. The lack of information may be the calm before the storm, and I hope it is…Iraq is ready...Iraq is waiting on us and I think it’s the greedy bankers not letting it go...the gold is in place to back it up…they need to LET IT GO...I believe the reset and the gold standard will be released at the same time…if we were already on the gold standard IMO we would all already been paid.
10-24-2019 Intel Guru Frank26 ...IMO all the banks in Iraq received a schedule but not all received the lower denoms because the protesting on the 25th will determine if the rest are delivered or not...the 25th IMO can cancel the schedule but I don't think so...
10-24-2019 Newshound Guru MilitiaMan Article: "The Minister of Finance signs a Memorandum of Understanding in Washington with the World Bank" It sure looks like the Big Boyz have dotted some I's and Crossed some T's and it couldn't have come in a more timely manner, especially for the INTERNATIONAL INVESTORS to kick start the party. That party needs workers not unemployed demonstrators. International Investors need a rate that is internationally accepted. ...the reforms to have merit they need a rate, just as we await the depictions of the new medium of exchange to go along with that internationally accepted rate (NSCN's, Coins and or Fils) . imo Things are very exciting and we all should be pleased to see the way it it unfolding now...imo!
10-24-2019 Newshound Guru Kaperoni I hope people realize there's no such thing as an NDA when it comes to dinar...
10-24-2019 Newshound Guru Mnt Goat Taken from this site [below site link and image] on Tuesday Oct 22, 2019, Iraqi Dinar is at 84 cents sell rate (bid), but unfortunately the buy rate (when the banks buy it from you) is still 1/8 of a penny. You can see where they are going with this currency and what the rate will probably come out in Iraq once they delete the zeros. {Below image comes from: https://ferates.com/visa/usd . As of Thursday morning it is still showing same rates.}
10-24-2019 Newshound Guru Kaperoni Article quote: "Large-scale demonstrations expected to take place October 25, 2019 after Friday prayers." The protests are ramping back up for tomorrow in Baghdad and throughout Iraq this could get ugly but hopefully it'll stay civil. We don't need more setbacks in reforms.
10-24-2019 Intel Guru MarkZ [via PDK] I know we are still in a very good place according to all sources. I am still told by bankers that this is it...this is our week...but they keep saying that while nothing happens...The lack of real news has me upset...yesterday should have been a big day for us all. The lack of information may be the calm before the storm, and I hope it is…Iraq is ready...Iraq is waiting on us and I think it’s the greedy bankers not letting it go...the gold is in place to back it up…they need to LET IT GO...I believe the reset and the gold standard will be released at the same time…if we were already on the gold standard IMO we would all already been paid.
10-24-2019 Intel Guru Frank26 ...IMO all the banks in Iraq received a schedule but not all received the lower denoms because the protesting on the 25th will determine if the rest are delivered or not...the 25th IMO can cancel the schedule but I don't think so...
10-24-2019 Newshound Guru MilitiaMan Article: "The Minister of Finance signs a Memorandum of Understanding in Washington with the World Bank" It sure looks like the Big Boyz have dotted some I's and Crossed some T's and it couldn't have come in a more timely manner, especially for the INTERNATIONAL INVESTORS to kick start the party. That party needs workers not unemployed demonstrators. International Investors need a rate that is internationally accepted. ...the reforms to have merit they need a rate, just as we await the depictions of the new medium of exchange to go along with that internationally accepted rate (NSCN's, Coins and or Fils) . imo Things are very exciting and we all should be pleased to see the way it it unfolding now...imo!
10-24-2019 Newshound Guru Kaperoni I hope people realize there's no such thing as an NDA when it comes to dinar...
10-24-2019 Newshound Guru Mnt Goat Taken from this site [below site link and image] on Tuesday Oct 22, 2019, Iraqi Dinar is at 84 cents sell rate (bid), but unfortunately the buy rate (when the banks buy it from you) is still 1/8 of a penny. You can see where they are going with this currency and what the rate will probably come out in Iraq once they delete the zeros. {Below image comes from: https://ferates.com/visa/usd . As of Thursday morning it is still showing same rates.}
Screenshot from ferates.com for the dollar currency exchange - Iraqi dinar
10-23-2019 Intel Guru MarkZ [What is your guess on the dong street rate?] My guess is it will come out around .47 and be allowed to float...watch it closely.
10-23-2019 Intel Guru MarkZ I am being leaned on to not share much information right now...Depending on the NDA I sign – it will determine if I keep doing streams or not…I will strictly adhere to the NDA… In Iraq - there is no new rate at the street level as of yet. I have a contact there that I am trying to get pictures of LD’s from...I did hear the interbank rates from Iraq are available here in the US.
10-23-2019 Intel Guru Bruce [via WiserNow] ...Lets talk a little bit about what happened Saturday...Iraq reinstated/ or revalued their dinar...it was known to be international...It’s not known here yet – we know it early because of our contacts in Iraq - but that is excellent news...this is the first fruits of what we all have been waiting for 15-16 years as far as what the dinar could be worth - 8.22 - and I understand it went up slightly from there – it could be higher than that now...Now will the dong be far from it – should not be that far away...I know roughly Its going to be in that range...I want all you guys to realize how close we are to the end...
10-23-2019 Newshound/Intel Guru David M. Witty Iraqi PM Abdel-Mahdi to address nation tomorrow, one day before planned protests. He will discuss a number of reforms.
10-23-2019 Intel Guru MarkZ [the RV IS NOT SUPPOSED TO BE TAXED PER TRUMP.] I have heard that as well….but to be on the safe side- plan for taxes…prepare for the worst and hope for the best…and we all hope you are right. [NOTE: Other gurus feel it will be considered income...Consult your tax professional at the appropriate time.]
10-23-2019 Newshound/Intel Guru Mnt Goat ...We know that there are three lists of demands by the protestors. The first list included a demand to do away with the currency auctions...So, do they have plans to do away with the currency auctions any time soon? Yes...Can this all happen any time soon? Yes, it can and very quickly if there is permission to do it...If I were to guess I would say that they are waiting for the January 2020 timeframe, as we know for sure this is the best time to reinstate the currency due to accounting issues. The demands of the protestors might make this happen sooner than later. We just have to wait and see.
10-23-2019 Intel Guru MarkZ [Frank [Guru Frank26] thinks the Dong will rv at a later time] I have been told repeatedly it will go at the same time as the dinar...my redemption center contacts have trained to exchange the dong along with many other currencies in the first basket including IQD.
10-23-2019 Newshound Guru Kaperoni [does the price of oil have anything to do with Iraq adding value?] No. The price of oil is only relative to their budget because 50% of their budget is state salaries and the rest of it is operational expenses. So having consistent oil prices is important so that they can meet their budget every year. Iraq still hasn't delivered the 2020 budget [to?] Parliament for review and passing. This is a unique budget because it will include a government/private sector partnership to launch the market economy which could include up to $70 billion dollars additional expenses.
10-23-2019 Intel Guru MarkZ I am being leaned on to not share much information right now...Depending on the NDA I sign – it will determine if I keep doing streams or not…I will strictly adhere to the NDA… In Iraq - there is no new rate at the street level as of yet. I have a contact there that I am trying to get pictures of LD’s from...I did hear the interbank rates from Iraq are available here in the US.
10-23-2019 Intel Guru Bruce [via WiserNow] ...Lets talk a little bit about what happened Saturday...Iraq reinstated/ or revalued their dinar...it was known to be international...It’s not known here yet – we know it early because of our contacts in Iraq - but that is excellent news...this is the first fruits of what we all have been waiting for 15-16 years as far as what the dinar could be worth - 8.22 - and I understand it went up slightly from there – it could be higher than that now...Now will the dong be far from it – should not be that far away...I know roughly Its going to be in that range...I want all you guys to realize how close we are to the end...
10-23-2019 Newshound/Intel Guru David M. Witty Iraqi PM Abdel-Mahdi to address nation tomorrow, one day before planned protests. He will discuss a number of reforms.
10-23-2019 Intel Guru MarkZ [the RV IS NOT SUPPOSED TO BE TAXED PER TRUMP.] I have heard that as well….but to be on the safe side- plan for taxes…prepare for the worst and hope for the best…and we all hope you are right. [NOTE: Other gurus feel it will be considered income...Consult your tax professional at the appropriate time.]
10-23-2019 Newshound/Intel Guru Mnt Goat ...We know that there are three lists of demands by the protestors. The first list included a demand to do away with the currency auctions...So, do they have plans to do away with the currency auctions any time soon? Yes...Can this all happen any time soon? Yes, it can and very quickly if there is permission to do it...If I were to guess I would say that they are waiting for the January 2020 timeframe, as we know for sure this is the best time to reinstate the currency due to accounting issues. The demands of the protestors might make this happen sooner than later. We just have to wait and see.
10-23-2019 Intel Guru MarkZ [Frank [Guru Frank26] thinks the Dong will rv at a later time] I have been told repeatedly it will go at the same time as the dinar...my redemption center contacts have trained to exchange the dong along with many other currencies in the first basket including IQD.
10-23-2019 Newshound Guru Kaperoni [does the price of oil have anything to do with Iraq adding value?] No. The price of oil is only relative to their budget because 50% of their budget is state salaries and the rest of it is operational expenses. So having consistent oil prices is important so that they can meet their budget every year. Iraq still hasn't delivered the 2020 budget [to?] Parliament for review and passing. This is a unique budget because it will include a government/private sector partnership to launch the market economy which could include up to $70 billion dollars additional expenses.
10-22-2019 Newshound/Intel Guru Mnt Goat 5. part of the protesters demands is that they are sick and tired of promises by the GOI, finance committee and the CBI. They now want action and their demands fulfilled. This could be in our favor to pushing the US to approve the final steps of the project to delete the zeros. ...The request to continue with the “project to delete the zeros” has been made many times already and it has been stalled over and over again...This project includes ending the currency auctions and using the dinar globally for trade. It also includes eventually reinstating the dinar, repegging it, then placing it on the open-market currency trading platforms and placing it on a float. This is when we go to the bank. [post 2 of 2]
10-22-2019 Newshound/Intel Guru Mnt Goat what do we do know for sure? We know this: 1. to assist in developing the private sector initiatives in Iraq, they will need a viable currency and be on a level trading platform with the rest of the middle east and the world; 2. the private sector in Iraq will not take off until Iraq brings back its currency; 3. the CBI is ready to move ahead and has completed all banking reforms and progressed to the point of just waiting to issue the smaller of the smaller category notes at the banks; 4. corruption along with stalling by the US government to give permission to Iraq is the down side. The US is using the reinstatement as leverage to get what it wants from Iraq; [post 1 of 2...stay tuned]
10-22-2019 Intel Guru MarkZ Iraq is very hopeful for the new rate this week and are still saying they will go with or without us this week...I am sure they will be going with us, and hope to have a update soon. The chatter that got everyone excited over night is about “interbank rates” changing and moving which is an excellent sign we are very close. That we are right on top of it... I am more than a little excited about that.
10-22-2019 Intel Guru Frank26 Our broker called and told us...it's getting to the point where it's impossible to get the dinar now.
10-22-2019 Intel Guru MarkZ Lots of exciting chatter today…lots of rumors that I will only be allowed to do a few more streams before the NDA makes me go quiet. I am told by 2 different banking sources that I will still be allowed to deliver 800 numbers to you all. [Are we waiting for the LD’s to go first?] No – I think they will go the same time…and with all the articles out there in Iraq about LD’s we have to be close. [Could today still be a possibility?] It absolutely still could be a possibility.
10-22-2019 Intel Guru Frank26 IMO the lower denoms can't come out until: #1. The pictures and descriptions of them #2. The change in the rate.
10-22-2019 Newshound/Intel Guru Walkingstick (via Frank26) ...this Friday I believe the citizens will protest and it's not going to be a normal protest...This is the first time that we see a protest from the Iraqi citizens demanding for purchasing power, their oil proceeds rights and back pay...never have we seen this before. This is historical. The citizens are asking for what they were educated on and what they were promised and what they are entitled...they are focused on the reforms.
10-22-2019 Newshound Guru Jeff ...parliament and or the country of Iraq have very little left to do to be able to change the rate. Right now per the current facts and this can change...They only have two remaining steps. They obviously have to finish the formation of the government and get the proxies out...They gave us the back wall to get the proxies out as October 24...October 24 is not very far away now so we'll have to see how that plays out. The other thing they have to do is finish and approve the budget. Just yesterday two articles came out basically saying they they're close to reaching an agreement...
10-22-2019 Intel/Newshound Guru sandyf [Revaluation of Iraqi Dinar - The best example of Iraqi dinar revaluation is the Kuwaiti Dinar revaluation that occurred in 1990 and people who invested in the Kuwaiti dinar became billionaire over night.] ...As for Kuwait, there was never any revaluation, during the occupation the KWD was removed as the national currency and then reinstated. During that time the Central Bank of Kuwait still operated in exile and they never changed anything, a revaluation can only come from the Central Bank, anything else is speculation. This is how the reinstated value came about. "The banks were instructed to set their accounts at their August 1, 1990 levels, and to pay interest on savings and fixed deposit accounts for the entire period of the occupation."...
10-22-2019 Newshound/Intel Guru Mnt Goat what do we do know for sure? We know this: 1. to assist in developing the private sector initiatives in Iraq, they will need a viable currency and be on a level trading platform with the rest of the middle east and the world; 2. the private sector in Iraq will not take off until Iraq brings back its currency; 3. the CBI is ready to move ahead and has completed all banking reforms and progressed to the point of just waiting to issue the smaller of the smaller category notes at the banks; 4. corruption along with stalling by the US government to give permission to Iraq is the down side. The US is using the reinstatement as leverage to get what it wants from Iraq; [post 1 of 2...stay tuned]
10-22-2019 Intel Guru MarkZ Iraq is very hopeful for the new rate this week and are still saying they will go with or without us this week...I am sure they will be going with us, and hope to have a update soon. The chatter that got everyone excited over night is about “interbank rates” changing and moving which is an excellent sign we are very close. That we are right on top of it... I am more than a little excited about that.
10-22-2019 Intel Guru Frank26 Our broker called and told us...it's getting to the point where it's impossible to get the dinar now.
10-22-2019 Intel Guru MarkZ Lots of exciting chatter today…lots of rumors that I will only be allowed to do a few more streams before the NDA makes me go quiet. I am told by 2 different banking sources that I will still be allowed to deliver 800 numbers to you all. [Are we waiting for the LD’s to go first?] No – I think they will go the same time…and with all the articles out there in Iraq about LD’s we have to be close. [Could today still be a possibility?] It absolutely still could be a possibility.
10-22-2019 Intel Guru Frank26 IMO the lower denoms can't come out until: #1. The pictures and descriptions of them #2. The change in the rate.
10-22-2019 Newshound/Intel Guru Walkingstick (via Frank26) ...this Friday I believe the citizens will protest and it's not going to be a normal protest...This is the first time that we see a protest from the Iraqi citizens demanding for purchasing power, their oil proceeds rights and back pay...never have we seen this before. This is historical. The citizens are asking for what they were educated on and what they were promised and what they are entitled...they are focused on the reforms.
10-22-2019 Newshound Guru Jeff ...parliament and or the country of Iraq have very little left to do to be able to change the rate. Right now per the current facts and this can change...They only have two remaining steps. They obviously have to finish the formation of the government and get the proxies out...They gave us the back wall to get the proxies out as October 24...October 24 is not very far away now so we'll have to see how that plays out. The other thing they have to do is finish and approve the budget. Just yesterday two articles came out basically saying they they're close to reaching an agreement...
10-22-2019 Intel/Newshound Guru sandyf [Revaluation of Iraqi Dinar - The best example of Iraqi dinar revaluation is the Kuwaiti Dinar revaluation that occurred in 1990 and people who invested in the Kuwaiti dinar became billionaire over night.] ...As for Kuwait, there was never any revaluation, during the occupation the KWD was removed as the national currency and then reinstated. During that time the Central Bank of Kuwait still operated in exile and they never changed anything, a revaluation can only come from the Central Bank, anything else is speculation. This is how the reinstated value came about. "The banks were instructed to set their accounts at their August 1, 1990 levels, and to pay interest on savings and fixed deposit accounts for the entire period of the occupation."...
10-21-2019 Newshound Guru ChrisC More than a few people have contacted me...about what is going on with the...RV. ...I see the possibility of ending this deal this week before stuff hits the fan on Friday...IMO.
10-21-2019 Intel Guru MarkZ [Is the dong rate still at $2.25?] I am hearing anything from .47 to $2.25.
10-21-2019 Intel Guru MarkZ [via PDK] In Iraq we are hearing in-country at $3.91 and a rumor of $8 possibly out of country …It is a rumor as of now…but from several sources…trying to vet this... The Chinese do have the power to force this…they control the gold...they want it done right though…The people in Reno desperately want this done so they can go home…I still think the UST is the hold up... [Will we all be under a NDA?] Its very possible …we will not know until we exchange…I hear it will be around 90 days…but all is rumor until we exchange. [Are you still expecting the RV in Oct?] I absolutely am still expecting it in Oct…and am very excited about this week.
10-21-2019 Intel Guru Sergio My Conversation with the WTO ...1 Question: Does the WTO have anything to do with the exchange rate of Iraq? Answer: No the WTO facilitates the trade of goods and services between countries. 2 Question: What is the hold up of Iraq becoming a full member of the WTO? Answer: ...The stats on Iraq is that they still have not provided a service and goods assessment. 3 Question: Do you know anything that if Iraq becomes a full member of the WTO that Iraq's exchange rate would go up. Answer: I can not say with any type of authority or knowledge that that will happen, our main position as i said before is to facilitate Trade. ...
10-21-2019 Intel Guru MarkZ [Is the dong rate still at $2.25?] I am hearing anything from .47 to $2.25.
10-21-2019 Intel Guru MarkZ [via PDK] In Iraq we are hearing in-country at $3.91 and a rumor of $8 possibly out of country …It is a rumor as of now…but from several sources…trying to vet this... The Chinese do have the power to force this…they control the gold...they want it done right though…The people in Reno desperately want this done so they can go home…I still think the UST is the hold up... [Will we all be under a NDA?] Its very possible …we will not know until we exchange…I hear it will be around 90 days…but all is rumor until we exchange. [Are you still expecting the RV in Oct?] I absolutely am still expecting it in Oct…and am very excited about this week.
10-21-2019 Intel Guru Sergio My Conversation with the WTO ...1 Question: Does the WTO have anything to do with the exchange rate of Iraq? Answer: No the WTO facilitates the trade of goods and services between countries. 2 Question: What is the hold up of Iraq becoming a full member of the WTO? Answer: ...The stats on Iraq is that they still have not provided a service and goods assessment. 3 Question: Do you know anything that if Iraq becomes a full member of the WTO that Iraq's exchange rate would go up. Answer: I can not say with any type of authority or knowledge that that will happen, our main position as i said before is to facilitate Trade. ...
10-20-2019 Intel Guru Sergio Hello everyone. I have a UN update. I just got off the phone with the person who heads the communication with IRAQ. Call went like this...i have a question on Iraq Chapter 7 and their currency. ...I said i wanted to know if Iraq has to come out of chapter 7 before they can have a tradable Currency? He said NO!! i then told him i was told from a person in the UN before that they would have to come out of Chapter 7 he said the person gave me the wrong answer...
10-20-2019 Intel Guru Frank26 Article quote: "Together with my delegation, I met today in #Washington with @FeridBelhaj , @WorldBank VP- ME and NA and his team. We discussed the various projects the WB is undertaking in #Iraq & agreed to adapt new methodologies to expedite implementation." "EXPEDITE IMPLEMENTATION" ...FUAD/IMF/WB/UST/WDC...
10-20-2019 Newshound Guru larrykn Article: "Sadr urges protesters to take back to streets on Friday" The demonstrators might be the key to what we want to see...the pressure is on now...what Sadr says will come to be most of the time, so lets see what happens.
10-20-2019 Newshound/Intel Guru Francis Albert Some believe that Iraq is Sovereign and the GOI and CBI can do what they wish. This is just a short paragraph from Sadr's Friday address to the mosques. “...They all know that they have surrendered to those outside the border and that they will not be able to make any decision without their consent,”
10-20-2019 Intel Guru RayRen98 EXCHANGE LOCATION CENTERS DON'T EXPECT TO BE STAFFED UNTIL MONDAY...SO RELAX OR PARTY HEARTY, IT'S YOUR CHOICE. HINT: BE PREPARED TO NEGOTIATE "ANY" RATE THAT IS ON THE SCREEN AT EXCHANGE TIME ...JUS SAYIN'.
10-20-2019 Intel Guru Frank26 Article quote: "Together with my delegation, I met today in #Washington with @FeridBelhaj , @WorldBank VP- ME and NA and his team. We discussed the various projects the WB is undertaking in #Iraq & agreed to adapt new methodologies to expedite implementation." "EXPEDITE IMPLEMENTATION" ...FUAD/IMF/WB/UST/WDC...
10-20-2019 Newshound Guru larrykn Article: "Sadr urges protesters to take back to streets on Friday" The demonstrators might be the key to what we want to see...the pressure is on now...what Sadr says will come to be most of the time, so lets see what happens.
10-20-2019 Newshound/Intel Guru Francis Albert Some believe that Iraq is Sovereign and the GOI and CBI can do what they wish. This is just a short paragraph from Sadr's Friday address to the mosques. “...They all know that they have surrendered to those outside the border and that they will not be able to make any decision without their consent,”
10-20-2019 Intel Guru RayRen98 EXCHANGE LOCATION CENTERS DON'T EXPECT TO BE STAFFED UNTIL MONDAY...SO RELAX OR PARTY HEARTY, IT'S YOUR CHOICE. HINT: BE PREPARED TO NEGOTIATE "ANY" RATE THAT IS ON THE SCREEN AT EXCHANGE TIME ...JUS SAYIN'.
10-18-2019 Intel Guru MarkZ [via PDK] [Do you still think there will be no taxes on our exchange.] That is what I was told...It’s best to prepare for anything however. If there are taxes the good news is for most of us it will be long-term capital gains. [NOTE: Other gurus feel the dinar will be treated as ordinary income. Consult your tax professional at the appropriate time.]
10-18-2019 Newshound Guru Bloodloch "We’ve taken control of the oil in the Middle East, the oil that we’re talking about, the oil that everybody was worried about. We have the U.S. control of that,” Trump said..." Literally? Allegorically? Financially? At the very least, it is an intriguing statement.
10-18-2019 Intel Guru MarkZ [via PDK] I still feel we are very close...right on the edge of seeing this all happen for us. I’m still excited at where we are. There are a few things that I cannot share that makes me believe we will be underway in Oct. In Iraq they still are planning on going without the US if it doesn’t happen by next week. If this happens it will be “in-country” at first…but do not worry…It will force things to move quicker internationally IMO…
10-18-2019 Newshound Guru Kaperoni ...I've never said Parliament sets monetary policy. But Parliament passes laws and they can pass a law to remove the zeros off the notes or change the value of the notes. Like all countries that Redenominate their government must pass a law first. ...We don't want Parliament involved.
10-18-2019 Newshound/Intel Guru David M. Witty Iraqi protest coordinators delay planned 25 October protests until 22 November & give government 30 days to amend the constitution.
10-18-2019 Newshound/Intel Guru Mnt Goat Article: "POLITICAL DIFFERENCES STILL CONSTITUTE AN OBSTACLE TO THE LEGISLATION OF THE OIL AND GAS LAW" I keep telling everyone that the oil and gas law is imperative to getting the reinstatement of the Iraqi dinar. So, here is yet another article telling us the importance of it. I especially like this last statement and I quote – “stressing that the law, if approved, will join the sale of oil in terms of economic return”. Funny how this law comes up whenever we are in a period of time when we think that perhaps the project to delete the zeros might take off soon and be completed.
10-18-2019 Newshound Guru Bloodloch "We’ve taken control of the oil in the Middle East, the oil that we’re talking about, the oil that everybody was worried about. We have the U.S. control of that,” Trump said..." Literally? Allegorically? Financially? At the very least, it is an intriguing statement.
10-18-2019 Intel Guru MarkZ [via PDK] I still feel we are very close...right on the edge of seeing this all happen for us. I’m still excited at where we are. There are a few things that I cannot share that makes me believe we will be underway in Oct. In Iraq they still are planning on going without the US if it doesn’t happen by next week. If this happens it will be “in-country” at first…but do not worry…It will force things to move quicker internationally IMO…
10-18-2019 Newshound Guru Kaperoni ...I've never said Parliament sets monetary policy. But Parliament passes laws and they can pass a law to remove the zeros off the notes or change the value of the notes. Like all countries that Redenominate their government must pass a law first. ...We don't want Parliament involved.
10-18-2019 Newshound/Intel Guru David M. Witty Iraqi protest coordinators delay planned 25 October protests until 22 November & give government 30 days to amend the constitution.
10-18-2019 Newshound/Intel Guru Mnt Goat Article: "POLITICAL DIFFERENCES STILL CONSTITUTE AN OBSTACLE TO THE LEGISLATION OF THE OIL AND GAS LAW" I keep telling everyone that the oil and gas law is imperative to getting the reinstatement of the Iraqi dinar. So, here is yet another article telling us the importance of it. I especially like this last statement and I quote – “stressing that the law, if approved, will join the sale of oil in terms of economic return”. Funny how this law comes up whenever we are in a period of time when we think that perhaps the project to delete the zeros might take off soon and be completed.
10-19-2019 Newshound/Intel Guru Francis Albert ...This may be nothing, but it appears Minister of Finance has met with 3 of the 4 parties many believe are on the top of the food chain for currency reform in Iraq. World Bank, IMF and U.S. Treasury. Could just be a fast ball in the dirt to swing at so be careful. ...my understanding of politics and Central banking over many years... Any thing can happen overnight with just a few signatures from folks with the same motives. ...Very possible that President Trump is the man in all this. If so, He' smart enough to release it when it is just the right time for his needs.
10-19-2019 Intel Guru Frank26 ...LAST WEEK THE MINISTER OF FINANCE OF THE GOI MET WITH ONE OF THE FAB FOUR IN WASHINGTON DC...THE IMF. THEN DAYS LATER HE MET WITH...A SECOND OF THE FAB FOUR IN WASHINGTON DC ...THE UST WITH STEVE MNUCHIN. THEN...TODAY...THIS MINISTER OF FINANCE OF THE GOI MET WITH ...THE EXECUTIVE DIRECTOR OF THE...WORLD BANK...A THIRD OF THE FAB FOUR. ...THE PRESIDENT OF THE UNITED STATES DONALD J. TRUMP...THE FOURTH OF THE FAB FOUR...WILL NOW BECOME MORE DEEPLY INVOLVED WITH...IRAQ!!! "Who's Your Daddy".
10-19-2019 Newshound Guru larrykn I think it will happen or I wouldn't be here. the ? is when and what year. I was hoping that the protest over there would turn in our favor but no one would know what Iraq will do. they surprise us all the time.
10-19-2019 Intel Guru Frank26 Who do you think is in charge of the Iraqi monetary reform? ...I believe the fab 4 are in charge of the of monetary reform. We've seen it proven over and over again...the IMF, WB, UST, President of the U.S...the Fab 4 were ready many many years ago when Obama was in control...Obama decided to pull back the troops and ISIS took over and that just killed the reinstatement of the Iraqi dinar...Trump's administration will now focus on Iraq...Donald Trump...is now going to get heavily involved with Iraq..
10-19-2019 Intel Guru Sergio I devoted so much time in contacting people all over to get info from the WTO IMF Trade Bank Bank Presidents I was on a mission. And what it all came back is The CBI is the one who decides.
10-19-2019 Intel Guru Frank26 ...LAST WEEK THE MINISTER OF FINANCE OF THE GOI MET WITH ONE OF THE FAB FOUR IN WASHINGTON DC...THE IMF. THEN DAYS LATER HE MET WITH...A SECOND OF THE FAB FOUR IN WASHINGTON DC ...THE UST WITH STEVE MNUCHIN. THEN...TODAY...THIS MINISTER OF FINANCE OF THE GOI MET WITH ...THE EXECUTIVE DIRECTOR OF THE...WORLD BANK...A THIRD OF THE FAB FOUR. ...THE PRESIDENT OF THE UNITED STATES DONALD J. TRUMP...THE FOURTH OF THE FAB FOUR...WILL NOW BECOME MORE DEEPLY INVOLVED WITH...IRAQ!!! "Who's Your Daddy".
10-19-2019 Newshound Guru larrykn I think it will happen or I wouldn't be here. the ? is when and what year. I was hoping that the protest over there would turn in our favor but no one would know what Iraq will do. they surprise us all the time.
10-19-2019 Intel Guru Frank26 Who do you think is in charge of the Iraqi monetary reform? ...I believe the fab 4 are in charge of the of monetary reform. We've seen it proven over and over again...the IMF, WB, UST, President of the U.S...the Fab 4 were ready many many years ago when Obama was in control...Obama decided to pull back the troops and ISIS took over and that just killed the reinstatement of the Iraqi dinar...Trump's administration will now focus on Iraq...Donald Trump...is now going to get heavily involved with Iraq..
10-19-2019 Intel Guru Sergio I devoted so much time in contacting people all over to get info from the WTO IMF Trade Bank Bank Presidents I was on a mission. And what it all came back is The CBI is the one who decides.
10-17-2019 Newshound Guru Jeff ...about a month ago they told us in the month of February they were going to implement financial controls and measures at the ports and borders to control the funding and financing of terrorism and money laundering. The only reason you would implement those types of steps is most likely for a rate change...
10-17-2019 Intel/Newshound Guru Francis Albert To respond to Kap's quote [Reference Guru Kaperoni's 10-16-2019 Post] ...the balance sheet from CBI shows 48 Trillion Dinar "out there." Higher than what Kap has been saying. The things I believe he's missing. Firstly the Oil Credits and the banks create the dollars, UST ends up with oodles of Dinar and exchange bank to CBI, (when it is comfortable for Iraq ), at a cheap oil cost. Without the credits the whole point of the war is moot. Secondly, no one, including myself or Kap knows where these 48 Trillion Dinar are. He's assuming if Dinar goes from current to .50 then Iraq has to pony up 24 Trillion Dollars. Bad assumption. IMO, the vast, vast majority of these Dinar are in Central Banks around the globe. The very Central Banks that orchestrated the war. They have all the prerogative in the World to exchange whenever they want, up to 10 years..or not at all.
10-17-2019 Newshound/Intel Guru RVAlready ...People are speculating that Iraq wants this done before the Oct 25 protests...However the big pilgrimage to Karbala Iraq is Sat - Sun this week. I cannot help the feeling that they should have done this in January or earlier, instead of waiting until October...All of those in charge certainly need to quit the procrastination, and deliver the RV.
10-17-2019 Newshound Guru Kaperoni An article...last evening indicated that Parliament will get the 2020 budget by the end of this week to begin review. ...also...an article...stated that on October 26th is when they'll vote on special grades that has been postponed from the 24th. This is an important date for all as it pertains to CBI governor.
10-17-2019 Intel Guru MarkZ [via PDK] There is a lot of chatter about things happening on the 19th …several people I know say its significant. I have seen a lot of behind the scenes stuff…some I cannot comment on…If I had to make a guess…I think this may be our weekend...you go to bed on a Saturday Night and wake up Sunday to a new Financial world...or something like that. I think we are right on top of it...based on what I am hearing. The biggest news is from Iraq…they are worried about the protests and unrest in the country…They need to release the rv now…they are feeling great pressure to get the RV or RI out the door...I hear they will go with or without the US…I think they will go “with” us and we are that close. [What is the significance of Lower Denominations’s being released?] LD’s is big news guys...they would not be releasing those if they were not changing the value of their currency...This is a huge sign we are close.
10-17-2019 Newshound/Intel Guru Mnt Goat So, where do we stand today on getting this reinstatement of the Iraqi dinar? We know that in order for Iraq to be successful financially and economically at the level they desire, they will soon have to reinstate the dinar to the global currency exchanges and trade their currency openly. The ISX does not trade currencies but getting the ISX hooked into the NASDAQ system certainly is a plus and speaks volumes of where they are heading. There are now plans to go ahead again as the CBI and the Finance Committee has told us many times already this is their plan. Remember the article in early 2019 telling us they plan to complete this currency reform in 2019? But when will they finally move ahead with the next stage, that of the implementation of the project to delete the zeros? We know that the coins and the smaller of the smaller category notes are already staged at the banks and ready for use. How long can the banks tie up this money without using it to benefit the bank’s profit margin?
10-17-2019 Newshound Guru Jeff ...there are two things that have to happen for the rate to change. The first one is Iraq must finish the formation of the government...they've put that into hyper-speed since the demonstrations ...There's a good chance they could have that done by the end of the year...they just have to get the proxies out and do a cabinet reshuffle...the other thing we are waiting on is the 2020 budget. The reason why? First off lots of monies in this 2020 budget being utilized for the rate change...it will have Article 140 in it. HCL, those are monies that will be given back to the citizens...they could finish the budget around February...
10-17-2019 Intel/Newshound Guru Francis Albert To respond to Kap's quote [Reference Guru Kaperoni's 10-16-2019 Post] ...the balance sheet from CBI shows 48 Trillion Dinar "out there." Higher than what Kap has been saying. The things I believe he's missing. Firstly the Oil Credits and the banks create the dollars, UST ends up with oodles of Dinar and exchange bank to CBI, (when it is comfortable for Iraq ), at a cheap oil cost. Without the credits the whole point of the war is moot. Secondly, no one, including myself or Kap knows where these 48 Trillion Dinar are. He's assuming if Dinar goes from current to .50 then Iraq has to pony up 24 Trillion Dollars. Bad assumption. IMO, the vast, vast majority of these Dinar are in Central Banks around the globe. The very Central Banks that orchestrated the war. They have all the prerogative in the World to exchange whenever they want, up to 10 years..or not at all.
10-17-2019 Newshound/Intel Guru RVAlready ...People are speculating that Iraq wants this done before the Oct 25 protests...However the big pilgrimage to Karbala Iraq is Sat - Sun this week. I cannot help the feeling that they should have done this in January or earlier, instead of waiting until October...All of those in charge certainly need to quit the procrastination, and deliver the RV.
10-17-2019 Newshound Guru Kaperoni An article...last evening indicated that Parliament will get the 2020 budget by the end of this week to begin review. ...also...an article...stated that on October 26th is when they'll vote on special grades that has been postponed from the 24th. This is an important date for all as it pertains to CBI governor.
10-17-2019 Intel Guru MarkZ [via PDK] There is a lot of chatter about things happening on the 19th …several people I know say its significant. I have seen a lot of behind the scenes stuff…some I cannot comment on…If I had to make a guess…I think this may be our weekend...you go to bed on a Saturday Night and wake up Sunday to a new Financial world...or something like that. I think we are right on top of it...based on what I am hearing. The biggest news is from Iraq…they are worried about the protests and unrest in the country…They need to release the rv now…they are feeling great pressure to get the RV or RI out the door...I hear they will go with or without the US…I think they will go “with” us and we are that close. [What is the significance of Lower Denominations’s being released?] LD’s is big news guys...they would not be releasing those if they were not changing the value of their currency...This is a huge sign we are close.
10-17-2019 Newshound/Intel Guru Mnt Goat So, where do we stand today on getting this reinstatement of the Iraqi dinar? We know that in order for Iraq to be successful financially and economically at the level they desire, they will soon have to reinstate the dinar to the global currency exchanges and trade their currency openly. The ISX does not trade currencies but getting the ISX hooked into the NASDAQ system certainly is a plus and speaks volumes of where they are heading. There are now plans to go ahead again as the CBI and the Finance Committee has told us many times already this is their plan. Remember the article in early 2019 telling us they plan to complete this currency reform in 2019? But when will they finally move ahead with the next stage, that of the implementation of the project to delete the zeros? We know that the coins and the smaller of the smaller category notes are already staged at the banks and ready for use. How long can the banks tie up this money without using it to benefit the bank’s profit margin?
10-17-2019 Newshound Guru Jeff ...there are two things that have to happen for the rate to change. The first one is Iraq must finish the formation of the government...they've put that into hyper-speed since the demonstrations ...There's a good chance they could have that done by the end of the year...they just have to get the proxies out and do a cabinet reshuffle...the other thing we are waiting on is the 2020 budget. The reason why? First off lots of monies in this 2020 budget being utilized for the rate change...it will have Article 140 in it. HCL, those are monies that will be given back to the citizens...they could finish the budget around February...
10-16-2019 Newshound Guru Kaperoni ...the IMF is part of the United Nations. There is an agreement with every member country that they will follow the directives as a member. But Iraq is different as well because in December of 2015 they signed an agreement known as a standby agreement with Iraq to allow the IMF to be trustee over the CBI. If you look up the definition of a trustee you will see that they have control. And as a result, significant progress has been made at the CBI over the last few years in many areas. I'm sure they can make a move without the IMF but Iraq is an emerging market and they want to be part of the UN and they want to be part of the IMF and they want the world to do business with them so it would be probably foolish to make a move of any kind without consulting with the IMF first.
10-16-2019 Newshound Guru Kaperoni When people read these documents and they're talking about dinar in circulation and they're referencing billions...That is correct but that is in relationship to dollars. At the current exchange rate the cbi's liability for in excess of 42 trillion dinar is at or around 40 billion dollars...But if they were to RV at let's say 1 to 1 then the liability would become $42 trillion dollars...and this is why we say the CBI could never substantially RV because they couldn't afford $42 trillion dollars. That is why Parliament wants to pass a law to Lop the zeros because the liability of 42 trillion would in fact then become 42 billion...the CBI is responsible for managing monetary policy and keeping its stability ...any kind of significant RV would throw the entire monetary policy into chaos.
10-16-2019 Intel/Newshound Guru sandyf [...they say there is 42 trillion OUTSIDE of Iraq...] I don't know [who?] "they" are but I have never seen anyone say that. The only figure that means anything is the liability for currency in the CBI accounts and that currently stands at 48.5 trillion dinar... The accounts for 2005 showed that approximately 6 trillion was required to exchange previous versions into the new dinar and since then the amount has grown significantly each year. How much currency outside Iraq is pure speculation but comparisons to population and business growth have put estimates at around 25 - 40%.
10-16-2019 Intel Guru MarkZ The new rate is not published today in the Gazette...they are still expecting the new rate at any time plus releasing the LD’s this week. [Is the dong still in the first basket?] I hear that the VND dong will absolutely still be in the first basket. [Does Chinese trade deal need to be done first?... before we get the 800 numbers?] I do not think so...I believe everything is done and signed that needs to be done and signed.
10-16-2019 Intel Gurus Walkingstick & Frank26 ...IMO they have a date and they have a time to deliver the lower denoms. Yesterday they delivered a receipt. The only ting missing yesterday was the pictures and the descriptions of the lower denoms...I can't prove it to you...Does anyone want to bet me that they will see them [lower denoms] in the next week or so?
10-16-2019 Guest Guru Francis Albert I have no sources, just a pretty good understanding of finance, Central Banking etc. and there's no way one can objectively look at the actions of the CBI over the past few years and especially the past six months, and come to any other conclusion that there's currency reform underway in Iraq...everything they've done and are doing as we speak is just what investors in this want to see.
10-16-2019 Newshound Guru Kaperoni When people read these documents and they're talking about dinar in circulation and they're referencing billions...That is correct but that is in relationship to dollars. At the current exchange rate the cbi's liability for in excess of 42 trillion dinar is at or around 40 billion dollars...But if they were to RV at let's say 1 to 1 then the liability would become $42 trillion dollars...and this is why we say the CBI could never substantially RV because they couldn't afford $42 trillion dollars. That is why Parliament wants to pass a law to Lop the zeros because the liability of 42 trillion would in fact then become 42 billion...the CBI is responsible for managing monetary policy and keeping its stability ...any kind of significant RV would throw the entire monetary policy into chaos.
10-16-2019 Intel/Newshound Guru sandyf [...they say there is 42 trillion OUTSIDE of Iraq...] I don't know [who?] "they" are but I have never seen anyone say that. The only figure that means anything is the liability for currency in the CBI accounts and that currently stands at 48.5 trillion dinar... The accounts for 2005 showed that approximately 6 trillion was required to exchange previous versions into the new dinar and since then the amount has grown significantly each year. How much currency outside Iraq is pure speculation but comparisons to population and business growth have put estimates at around 25 - 40%.
10-16-2019 Intel Guru MarkZ The new rate is not published today in the Gazette...they are still expecting the new rate at any time plus releasing the LD’s this week. [Is the dong still in the first basket?] I hear that the VND dong will absolutely still be in the first basket. [Does Chinese trade deal need to be done first?... before we get the 800 numbers?] I do not think so...I believe everything is done and signed that needs to be done and signed.
10-16-2019 Intel Gurus Walkingstick & Frank26 ...IMO they have a date and they have a time to deliver the lower denoms. Yesterday they delivered a receipt. The only ting missing yesterday was the pictures and the descriptions of the lower denoms...I can't prove it to you...Does anyone want to bet me that they will see them [lower denoms] in the next week or so?
10-16-2019 Guest Guru Francis Albert I have no sources, just a pretty good understanding of finance, Central Banking etc. and there's no way one can objectively look at the actions of the CBI over the past few years and especially the past six months, and come to any other conclusion that there's currency reform underway in Iraq...everything they've done and are doing as we speak is just what investors in this want to see.
10-15-2019 Intel Guru MarkZ We are a different world today then we were when Kuwait RV’ed. At that time Kuwait had a 10 day in-country rate only before it was released t the rest of the world…..with the internet and fast communication today….i do not think the new rate can stay hidden.
10-15-2019 Newshound/Intel Guru BGG According to this article... “The protests are back on the 25th of this month" The demonstrators identify 23 demands The demonstrator demands listed include: # 1) declare a real war on corruption and open all the files of corruption and with the help of specialized international bodies to issues of corruption and the enactment of the law where you (got) This. # 5) Cancellation of the currency auction and the adoption of free market policy.
10-15-2019 Intel Guru Delta Article: "The International Finance Corporation ( IFC ) has adopted the "Guide to Corporate Governance for Iraqi Banks" issued by the Central Bank of Iraq." This bank explains that the guide has been recognized, published globally and added to international and international regulations for the first time.
10-15-2019 Intel/Newshound Guru sandyf ...When Iraq talks about raising the value, they are talking about the monetary unit. All there articles are referring to the 3 zeros, a redenomination, and in any redenomination the monetary unit rises from one value to another. Floating the currency, although a possibility, is a tremendous gamble for an emerging economy. History has shown there is as much chance of it going down as up, Egypt being a classic example.
10-15-2019 Intel Guru MarkZ It’s a painful week as we are so close….on the edge of our seats again this week...Still hearing this is our week. I do not see any can kicking. Everything points to we are in the middle of the global Currency Reset. I think we are right on the edge of seeing what we all are waiting for. I think it’s processing and the reset will soon be out the door. We are right at the precipice. Still hearing they are educating the citizens in Iraq. They are still excited for tomorrow - Wed.to see a change in rate. I think there is a very good chance we could be at the banks by this weekend.
10-15-2019 Intel Guru Frank26 ...monetary reform has nothing to do with the protesting...The protesting is a tool to put pressure on the CBI and the GOI to get their act together. What does the GOI have to do? Get rid of the Iranians...What does the CBI have to do? Currency reform so the GOI can do economic reform. And where are we with the CBI? This close [Fingers pushed together]! ...this Monday, today, IMO the banks in Iraq today received the lower denoms. What did we need for the lower denoms to be put into the hands of the citizens? ...the pictures and the descriptions...Did you see the pictures and the descriptions...? No...But the CBI is going about their business...IMO the lower denoms were delivered. Do we know that for a fact? No...maybe tomorrow, or Wednesday or Thursday [Guru] Walkingstick's firm will get in touch with him...and they will tell him, 'yeah we got them' or 'no, we didn't get them.'...you're not going to see the lower denoms...1st we have to see the pictures and descriptions of these lower denoms. It's called the education and it's very essential to the lava flow...
10-15-2019 Newshound Guru Jeff ...with Kuwait when they revalued they didn't have everything 100% positioned. They were still in a little bit of disarray and upside down...Even when they did revalue, this was March 24, 1991 it was a Sunday, Kuwait didn't even have electricity 100% turned back on and they didn't even have computers ready to go at the banks. The day they did the rate change they were having to do paper transactions at the banks. So they were more disorganized back then. Let's now look at Iraq. Iraq is dotting every "I" and crossing every "T". They're making sure that everything is 100% positioned and prefect. Iraq has used this entire year to set the rate change for this...they're getting everything ready for the 2020 budget...so those are going to be the big difference between both Kuwait and Iraq...
10-15-2019 Newshound Guru Kaperoni [show me when CBI stated free float?] ...it's not that cut and dry...it's not a question of the CBI saying they're going to float or free float or anything like that...it's what countries do. If you simply look at how countries evolve you will see they don't RV. They go from a fixed exchange rate to a float that is part of the transition because it's necessary to offset that inflationary pressure that's created from the economic and financial influx of investment...Iraq though has a lot more resources than most...they still have to follow the same rules.
10-15-2019 Newshound/Intel Guru BGG According to this article... “The protests are back on the 25th of this month" The demonstrators identify 23 demands The demonstrator demands listed include: # 1) declare a real war on corruption and open all the files of corruption and with the help of specialized international bodies to issues of corruption and the enactment of the law where you (got) This. # 5) Cancellation of the currency auction and the adoption of free market policy.
10-15-2019 Intel Guru Delta Article: "The International Finance Corporation ( IFC ) has adopted the "Guide to Corporate Governance for Iraqi Banks" issued by the Central Bank of Iraq." This bank explains that the guide has been recognized, published globally and added to international and international regulations for the first time.
10-15-2019 Intel/Newshound Guru sandyf ...When Iraq talks about raising the value, they are talking about the monetary unit. All there articles are referring to the 3 zeros, a redenomination, and in any redenomination the monetary unit rises from one value to another. Floating the currency, although a possibility, is a tremendous gamble for an emerging economy. History has shown there is as much chance of it going down as up, Egypt being a classic example.
10-15-2019 Intel Guru MarkZ It’s a painful week as we are so close….on the edge of our seats again this week...Still hearing this is our week. I do not see any can kicking. Everything points to we are in the middle of the global Currency Reset. I think we are right on the edge of seeing what we all are waiting for. I think it’s processing and the reset will soon be out the door. We are right at the precipice. Still hearing they are educating the citizens in Iraq. They are still excited for tomorrow - Wed.to see a change in rate. I think there is a very good chance we could be at the banks by this weekend.
10-15-2019 Intel Guru Frank26 ...monetary reform has nothing to do with the protesting...The protesting is a tool to put pressure on the CBI and the GOI to get their act together. What does the GOI have to do? Get rid of the Iranians...What does the CBI have to do? Currency reform so the GOI can do economic reform. And where are we with the CBI? This close [Fingers pushed together]! ...this Monday, today, IMO the banks in Iraq today received the lower denoms. What did we need for the lower denoms to be put into the hands of the citizens? ...the pictures and the descriptions...Did you see the pictures and the descriptions...? No...But the CBI is going about their business...IMO the lower denoms were delivered. Do we know that for a fact? No...maybe tomorrow, or Wednesday or Thursday [Guru] Walkingstick's firm will get in touch with him...and they will tell him, 'yeah we got them' or 'no, we didn't get them.'...you're not going to see the lower denoms...1st we have to see the pictures and descriptions of these lower denoms. It's called the education and it's very essential to the lava flow...
10-15-2019 Newshound Guru Jeff ...with Kuwait when they revalued they didn't have everything 100% positioned. They were still in a little bit of disarray and upside down...Even when they did revalue, this was March 24, 1991 it was a Sunday, Kuwait didn't even have electricity 100% turned back on and they didn't even have computers ready to go at the banks. The day they did the rate change they were having to do paper transactions at the banks. So they were more disorganized back then. Let's now look at Iraq. Iraq is dotting every "I" and crossing every "T". They're making sure that everything is 100% positioned and prefect. Iraq has used this entire year to set the rate change for this...they're getting everything ready for the 2020 budget...so those are going to be the big difference between both Kuwait and Iraq...
10-15-2019 Newshound Guru Kaperoni [show me when CBI stated free float?] ...it's not that cut and dry...it's not a question of the CBI saying they're going to float or free float or anything like that...it's what countries do. If you simply look at how countries evolve you will see they don't RV. They go from a fixed exchange rate to a float that is part of the transition because it's necessary to offset that inflationary pressure that's created from the economic and financial influx of investment...Iraq though has a lot more resources than most...they still have to follow the same rules.
10-14-2019 Intel Guru MarkZ I think this was a productive weekend...and we will be seeing it soon...some movement in Zurich….they can now actually see funds in their accounts and expect full access tomorrow... My redemption folks were on call all weekend and today but were not called in... We have not seen a new rate in Iraq as of yet...but they do expect to see it in the Gazette on Wed.
10-14-2019 Newshound Guru Adam Montana So, this current news cycle we are reading and hearing about involving "the Kurds" isn't specifically about Iraqi Kurds, but the events unfolding right now are going to do one very significant thing with regards to Iraq...a message is being sent. I'm not saying I approve or disapprove of the tactics, or the decision to withdraw troops, or the decision to put them there in the first place. But what's happening right now is irrefutable evidence that the US of A has a huge influence in the Middle East, the affairs of the Middle East, and therefore... the Iraqi economy, which includes the trade value of the Dinar. What this sets up in the near future is the confidence and assurance that with the US on their side, Iraq can make changes, improvements, and progress. What happened to Turkey in the past, and may happen very soon again, can happen to Iraq. The same is true of the inverse... where we can inflict severe harm, we can also support massive gain. [post 2 of 2]
10-14-2019 Newshound Guru Adam Montana It was announced last week that we are withdrawing US troops from Syria, which led to talk of Turkey ramping up attacks on the Kurds...Trump responds by saying if Turkey steps out of line we will hit them in the wallet, and...we're all like "wait what about the Iraqi Dinar?!" Article quote: "...After World War I, Western powers promised Kurds their own homeland in the agreement known as the Treaty of Sèvres. But a later agreement instead divided them among Turkey, Iraq, Syria and Iran..." ...let's identify "the Kurds"... Quote: "Today, there are about 30 million Kurds living across the region, with about half of them in Turkey. Iraq is the only country in the region to have established an autonomous Kurdish region, known as Iraqi Kurdistan..." [post 1 of 2....stay tuned]
10-14-2019 Newshound Guru MilitiaMan Article: "The protests are back on the 25th of this month. The demonstrators identify 23 demands" So they are on notice again that the demonstrations will become very specific. They want what they deserve and I imagine, if they don't have things done ahead of the 10/25/2019 time frame, things will be a bit more aggressive.
10-14-2019 Newshound/Intel Guru RVAlready CBI has clear intention to implement the RV. Allaq has made that very plain... It is the folks profiting from the fiat currency systems of the world that have probably been the main holdup. I suspect the Chinese want the RV even more than us. They are probably not the hold up.
10-14-2019 Newshound Guru Kaperoni ...Articles and documents over the years and certainly there are documents...talk about raising the value but I don't think I've ever seen one where they said it would happen overnight...I do hope they raise the value I think that's in the best interest of Iraq but logically it's not possible to happen overnight. ...I don't know if it can go on Forex initially but interbanking is certainly the possibility, the CBI has stated that themselves that they are working towards that but we'll have to wait and see when they accept Article VIII what happens.
10-14-2019 Newshound Guru MilitiaMan Article: "Reveal the visit of a high Kurdish delegation to resolve the 2020 budget" Quote: "a high-level Kurdish delegation will arrive in the next few days to Baghdad to resolve the 2020 budget file." The theme we are seeing is noted, as in "days not weeks" ...They are clearly taking action now. The Sh#@ storm they went through this last week or so has the fire under the Camel now. Anyone seen now with out the good of the citizens, will not go over well. The trend has reforms front and center, as they know they have time lines for real issues that need(ed) to be addressed. ...Keep in mind the Citizens know that they have been told about NSCNs and Coins, Fils, etc. That would be something that would not go on deaf ears.. Everyone wants purchase power and that comes with the new small category notes, coins and fils. The descriptions of the real deal need to be shown, once they show them? imo.
10-14-2019 Newshound Guru Adam Montana So, this current news cycle we are reading and hearing about involving "the Kurds" isn't specifically about Iraqi Kurds, but the events unfolding right now are going to do one very significant thing with regards to Iraq...a message is being sent. I'm not saying I approve or disapprove of the tactics, or the decision to withdraw troops, or the decision to put them there in the first place. But what's happening right now is irrefutable evidence that the US of A has a huge influence in the Middle East, the affairs of the Middle East, and therefore... the Iraqi economy, which includes the trade value of the Dinar. What this sets up in the near future is the confidence and assurance that with the US on their side, Iraq can make changes, improvements, and progress. What happened to Turkey in the past, and may happen very soon again, can happen to Iraq. The same is true of the inverse... where we can inflict severe harm, we can also support massive gain. [post 2 of 2]
10-14-2019 Newshound Guru Adam Montana It was announced last week that we are withdrawing US troops from Syria, which led to talk of Turkey ramping up attacks on the Kurds...Trump responds by saying if Turkey steps out of line we will hit them in the wallet, and...we're all like "wait what about the Iraqi Dinar?!" Article quote: "...After World War I, Western powers promised Kurds their own homeland in the agreement known as the Treaty of Sèvres. But a later agreement instead divided them among Turkey, Iraq, Syria and Iran..." ...let's identify "the Kurds"... Quote: "Today, there are about 30 million Kurds living across the region, with about half of them in Turkey. Iraq is the only country in the region to have established an autonomous Kurdish region, known as Iraqi Kurdistan..." [post 1 of 2....stay tuned]
10-14-2019 Newshound Guru MilitiaMan Article: "The protests are back on the 25th of this month. The demonstrators identify 23 demands" So they are on notice again that the demonstrations will become very specific. They want what they deserve and I imagine, if they don't have things done ahead of the 10/25/2019 time frame, things will be a bit more aggressive.
10-14-2019 Newshound/Intel Guru RVAlready CBI has clear intention to implement the RV. Allaq has made that very plain... It is the folks profiting from the fiat currency systems of the world that have probably been the main holdup. I suspect the Chinese want the RV even more than us. They are probably not the hold up.
10-14-2019 Newshound Guru Kaperoni ...Articles and documents over the years and certainly there are documents...talk about raising the value but I don't think I've ever seen one where they said it would happen overnight...I do hope they raise the value I think that's in the best interest of Iraq but logically it's not possible to happen overnight. ...I don't know if it can go on Forex initially but interbanking is certainly the possibility, the CBI has stated that themselves that they are working towards that but we'll have to wait and see when they accept Article VIII what happens.
10-14-2019 Newshound Guru MilitiaMan Article: "Reveal the visit of a high Kurdish delegation to resolve the 2020 budget" Quote: "a high-level Kurdish delegation will arrive in the next few days to Baghdad to resolve the 2020 budget file." The theme we are seeing is noted, as in "days not weeks" ...They are clearly taking action now. The Sh#@ storm they went through this last week or so has the fire under the Camel now. Anyone seen now with out the good of the citizens, will not go over well. The trend has reforms front and center, as they know they have time lines for real issues that need(ed) to be addressed. ...Keep in mind the Citizens know that they have been told about NSCNs and Coins, Fils, etc. That would be something that would not go on deaf ears.. Everyone wants purchase power and that comes with the new small category notes, coins and fils. The descriptions of the real deal need to be shown, once they show them? imo.
10-13-2019 Newshound Guru Whitelions ...I know the biggest problem is 99% of the people that got into this did it on the word or [of?] a quick payout and here we are still here but it will happen and fairly quick now...there is no going back now too much has and is being done but again to many people have pumped this now now that it very hard for people to just watch it unfold at the pace it needs to take to get it done right.
10-13-2019 Guest Guru Francis Albert ...IMO while the Oil Credits may be, and I believe are, an important factor. If they are an illusion, then that leaves no real avenue for U.S. to profit from the war..which was the whole point. ...All banks can and do monetize debt instruments. (create the dollars), and all currencies are debt instruments. So, if the banks so desired, they can make this work for Iraq with taking up to ten years for Iraq to pony up.
10-13-2019 Newshound Guru Kaperoni I don't mind having conversations with people that want to discuss different subjects pertaining to the dinar but I wish they would do their homework first. For example one individual thinks that the IMF only can encourage the CBI but cannot control them or dictate. But more importantly back in 2015 when Iraq was in financial dire straits when oil prices we're low an agreement giving trustee to the IMF over the CBI was sign around December 2015. There's also a significant difference between the guru oil credit nonsense and the recent agreement between China and Iraq selling oil at market price in exchange for work labor to rebuild the country.
10-13-2019 Guest Guru Francis Albert All countries manipulate their currency. Value lowers when more is printed and value is raised when people have more confidence in the currency, which of course, has many factors affecting confidence. Well, if it goes on FOREX higher than the present rate, it will IMO trade up to $3.00 range fast...just not as dramatic as a classic RV. And I believe that is the scenario we'll see. Could be wrong, but don't think I am.
10-13-2019 Newshound/Intel Guru BGG Article: "Iraqis are floating on oil … and sinking into poverty, unemployment and corruption" Wow...They are saying almost exactly half of all the revenues Iraq produced between 2005-2017 were wasted due to corruption! “…350 billion through currency smuggling, auction of the Central Bank and lagging contracts and fake projects”. They also go on to talk about the oil reserves, the plan to revalue the Dinar and the current undervaluation of the Dinar; “…which remains under the logical limit of the fifth largest oil producer in the world (1200 dinars per dollar)”. Whoa… not bad. Not too bad at all... It’s no wonder the Iraqi people are rising up. They are sick of it. Good for them.
10-13-2019 Guest Guru Francis Albert ...IMO while the Oil Credits may be, and I believe are, an important factor. If they are an illusion, then that leaves no real avenue for U.S. to profit from the war..which was the whole point. ...All banks can and do monetize debt instruments. (create the dollars), and all currencies are debt instruments. So, if the banks so desired, they can make this work for Iraq with taking up to ten years for Iraq to pony up.
10-13-2019 Newshound Guru Kaperoni I don't mind having conversations with people that want to discuss different subjects pertaining to the dinar but I wish they would do their homework first. For example one individual thinks that the IMF only can encourage the CBI but cannot control them or dictate. But more importantly back in 2015 when Iraq was in financial dire straits when oil prices we're low an agreement giving trustee to the IMF over the CBI was sign around December 2015. There's also a significant difference between the guru oil credit nonsense and the recent agreement between China and Iraq selling oil at market price in exchange for work labor to rebuild the country.
10-13-2019 Guest Guru Francis Albert All countries manipulate their currency. Value lowers when more is printed and value is raised when people have more confidence in the currency, which of course, has many factors affecting confidence. Well, if it goes on FOREX higher than the present rate, it will IMO trade up to $3.00 range fast...just not as dramatic as a classic RV. And I believe that is the scenario we'll see. Could be wrong, but don't think I am.
10-13-2019 Newshound/Intel Guru BGG Article: "Iraqis are floating on oil … and sinking into poverty, unemployment and corruption" Wow...They are saying almost exactly half of all the revenues Iraq produced between 2005-2017 were wasted due to corruption! “…350 billion through currency smuggling, auction of the Central Bank and lagging contracts and fake projects”. They also go on to talk about the oil reserves, the plan to revalue the Dinar and the current undervaluation of the Dinar; “…which remains under the logical limit of the fifth largest oil producer in the world (1200 dinars per dollar)”. Whoa… not bad. Not too bad at all... It’s no wonder the Iraqi people are rising up. They are sick of it. Good for them.
10-12-2019 Guest Guru Francis Albert So, on the Dinar and outstanding Dinar IMO the big banks want Iraq to succeed because they are in there with bases, protecting their oil and they are salivating over fertile land and water in Iraq. They will do all they can to keep Iraq peaceful and yes, happy and financially successful. So, since banks just create money, money is not an issue for them. It is about control and protecting Dollar Inc. Kap may be close to the 40 Trillion outstanding, I don't know..would not be surprised if that's accurate. But, you can't look at something in a vacuum. Who owns the notes? What is their agenda? It is like looking at an organ of the body without looking at the whole person... [post 2 of 2]
10-12-2019 Guest Guru Francis Albert There are more "loose particles" that are ostensibly good arguments why Kap's [Guru Kaperoni's] opinion that 40 Trillion Dinar "out there" make it impossible for any significant up tick in IQD is not a show stopper. The main one is the argument...that oil credits, which are not just guru non sense IMO, will soak up a bunch of Dollars/Dinar. Also 3 zero notes will have a 10 year shelf life and banks can manipulate how quickly they cash in. Here's the thing. IMO Banks, all big banks that are owned by the Dollar Inc. Boys where at the top of the food chain to even do this "war" with Iraq. They drive the agenda for most things. Remember these are the very same that run the IMF, World Bank, BIS and U.N. And the people they meet and sit with are also big players in defense etc. The people who love war. [post 1 of 2....stay tuned]
10-12-2019 Intel Guru MarkZ My contacts at redemption centers are on call...they have not been called in yet. Iraq does not have a new published rate yet...they still expect it to happen by Monday...
10-12-2019 Guest Guru Sergio Even before Hussein came back into power the IQD was about 2.80 and all they had was oil...So saying they can’t just use oil to RV is not true. Point 2 the only reason the rate is what it’s at now is because the CBI took a program rate from the IMF... As for those who think the IMF is controlling the CBI they are flat out wrong. As some of those who know me on here, know I have spoken to the IMF and was told flat out that the currency rate of any country is in the hands of that counties central Bank. The IQD was never traded by Banks in its history. Things can change on a dime and as with anything could be for good or bad. I am in it to win it...As always we wait.
10-12-2019 Newshound Guru Jeff Article "Parliamentary Finance: Delegations form the region arrived in Baghdad to pressure the government to pass the 2020 budget" ...This article is very important. It's telling you that a Kurdish delegation is headed to Baghdad to recommend to them to approve and complete the 2020 budget...this is huge...this budget has everything to do with the rate change...
10-12-2019 Newshound Guru Kaperoni The guru's have been making silly statements about oil in exchange for dinar at a reduced price for years. It could never occur because Iraq is 90% dependent on oil and their annual budget is based on a oil dollar amount. Circumventing would prevent them from meeting that budget...I don't think Iraq will ever pay China in oil, I think that was only a guarantee to help facilitate the market economy. But even if they were, it is not the same as what the guru's have been talking about for years when referencing oil credits.
10-12-2019 Intel Guru Frank26 NDA's are a bunch of garbage. It's the gurus way of exaggerating what they think is valuable to give to you...and to make it look like they're special...
10-12-2019 Newshound Guru Breitling ...It [protesters] actually has an advantage for our investment. Because it's putting pressure on the Iraq government to add value. So not only are the oil prices going down, not only has the reserve been depleted, now you have people rioting because they are not being taken care of and they need to add value to their currency. So it advances our investment. It advances our speculation...
10-12-2019 Guest Guru Francis Albert There are more "loose particles" that are ostensibly good arguments why Kap's [Guru Kaperoni's] opinion that 40 Trillion Dinar "out there" make it impossible for any significant up tick in IQD is not a show stopper. The main one is the argument...that oil credits, which are not just guru non sense IMO, will soak up a bunch of Dollars/Dinar. Also 3 zero notes will have a 10 year shelf life and banks can manipulate how quickly they cash in. Here's the thing. IMO Banks, all big banks that are owned by the Dollar Inc. Boys where at the top of the food chain to even do this "war" with Iraq. They drive the agenda for most things. Remember these are the very same that run the IMF, World Bank, BIS and U.N. And the people they meet and sit with are also big players in defense etc. The people who love war. [post 1 of 2....stay tuned]
10-12-2019 Intel Guru MarkZ My contacts at redemption centers are on call...they have not been called in yet. Iraq does not have a new published rate yet...they still expect it to happen by Monday...
10-12-2019 Guest Guru Sergio Even before Hussein came back into power the IQD was about 2.80 and all they had was oil...So saying they can’t just use oil to RV is not true. Point 2 the only reason the rate is what it’s at now is because the CBI took a program rate from the IMF... As for those who think the IMF is controlling the CBI they are flat out wrong. As some of those who know me on here, know I have spoken to the IMF and was told flat out that the currency rate of any country is in the hands of that counties central Bank. The IQD was never traded by Banks in its history. Things can change on a dime and as with anything could be for good or bad. I am in it to win it...As always we wait.
10-12-2019 Newshound Guru Jeff Article "Parliamentary Finance: Delegations form the region arrived in Baghdad to pressure the government to pass the 2020 budget" ...This article is very important. It's telling you that a Kurdish delegation is headed to Baghdad to recommend to them to approve and complete the 2020 budget...this is huge...this budget has everything to do with the rate change...
10-12-2019 Newshound Guru Kaperoni The guru's have been making silly statements about oil in exchange for dinar at a reduced price for years. It could never occur because Iraq is 90% dependent on oil and their annual budget is based on a oil dollar amount. Circumventing would prevent them from meeting that budget...I don't think Iraq will ever pay China in oil, I think that was only a guarantee to help facilitate the market economy. But even if they were, it is not the same as what the guru's have been talking about for years when referencing oil credits.
10-12-2019 Intel Guru Frank26 NDA's are a bunch of garbage. It's the gurus way of exaggerating what they think is valuable to give to you...and to make it look like they're special...
10-12-2019 Newshound Guru Breitling ...It [protesters] actually has an advantage for our investment. Because it's putting pressure on the Iraq government to add value. So not only are the oil prices going down, not only has the reserve been depleted, now you have people rioting because they are not being taken care of and they need to add value to their currency. So it advances our investment. It advances our speculation...
10-11-2019 Intel Guru MarkZ [via PDK] We heard Trump signed off with the Chinese at around 12 - 12:30 est today…this came from a number of great sources. We are hearing phenomenal things out of Iraq…they believe the new rate is absolutely a “go” over the weekend or Monday - Tuesday timeframe. The people I spoke with in Europe...expects things to all break loose this weekend. At the Redemption center- my contacts were told to expect to work this weekend…they will be told between 9 - 11 tonight if they will be working for sure. It’s time to get a little excited – just stay grounded and don’t quit your day job just yet. But I think this is the real thing…I’m almost giddy tonight.
10-11-2019 Newshound Guru Jeff ...we still have 2 things remain for the rate change. They have to finish the formation of the government... positively or tentatively next Tuesday...Iraq went from telling you nothing about the formation of the government regarding the education minister, Health Minister...And they were Able to magically out of nowhere put nominees in there at the blink of an eye like it was nothing...They were intentionally delaying and timing...to have the government finished and formed around the timing of the rate change. That's why they were delaying it and dragging it...they voted them in in two seconds. They had to change what they were doing to satisfy and appease the demonstrators...they are on track to get it done...this is happening right in front of you. This isn't my opinion...we're waiting on the 2020 budget which will get done next year...
10-11-2019 Intel Guru Okie_Oil_Man I've been keeping up with the RV situation 24/7. We are certainly on the cusp... [I keep waiting for you, Okie, to say the plan has landed.] I'll be glad to say that as soon as it does. By next Tuesday it is a strong possibility if not a probability, according to what I'm being told, right or wrong. Time will tell. [Guru Okie is a long time contributor to the dinar community and is in need of prayers due to health issues. Please keep him in your thoughts and prayers.]
10-11-2019 Intel Guru RVAlready It does seem that Iraq is ready for early next week.
10-11-2019 Newshound/Intel Guru BGG [Reference Guru Kaperoni's post 10-11-19] I’m not sure this is as much a “slam dunk” translation as is laid out here. Further…How would this POSSIBLY reconcile with all their previous statements that the new and old versions would co-exist in the market place for as long as 10 years? How would this be possible? Also note the...post [Reference Guru Kaperoni's post 10-8-2019] regarding Kaperoni’s dramatic statement about oil credits being “nonsense” followed the very next day by an actual news release out of Iraq detailing just such an arrangement agreed to by both Mahdi and China. Hmmmmm…
10-11-2019 Intel Guru MarkZ We are in an incredible window of opportunity. Zurich is still waiting for dollars…They are beyond frustrated...they were told they will process over the weekend. In Iraq...hearing the 14th is still a big day for their LD’s on Monday. [Three day banking window] It sure is...big window of opportunity… Awesome window.
10-11-2019 Newshound Guru Kaperoni People can only sit for so long with empty promises to they get restless. The government needs to activate economic reforms, laws and the banking system needs to get open for investors to come in. Otherwise violence is only going to escalate.
10-11-2019 Newshound Guru Jeff ...we still have 2 things remain for the rate change. They have to finish the formation of the government... positively or tentatively next Tuesday...Iraq went from telling you nothing about the formation of the government regarding the education minister, Health Minister...And they were Able to magically out of nowhere put nominees in there at the blink of an eye like it was nothing...They were intentionally delaying and timing...to have the government finished and formed around the timing of the rate change. That's why they were delaying it and dragging it...they voted them in in two seconds. They had to change what they were doing to satisfy and appease the demonstrators...they are on track to get it done...this is happening right in front of you. This isn't my opinion...we're waiting on the 2020 budget which will get done next year...
10-11-2019 Intel Guru Okie_Oil_Man I've been keeping up with the RV situation 24/7. We are certainly on the cusp... [I keep waiting for you, Okie, to say the plan has landed.] I'll be glad to say that as soon as it does. By next Tuesday it is a strong possibility if not a probability, according to what I'm being told, right or wrong. Time will tell. [Guru Okie is a long time contributor to the dinar community and is in need of prayers due to health issues. Please keep him in your thoughts and prayers.]
10-11-2019 Intel Guru RVAlready It does seem that Iraq is ready for early next week.
10-11-2019 Newshound/Intel Guru BGG [Reference Guru Kaperoni's post 10-11-19] I’m not sure this is as much a “slam dunk” translation as is laid out here. Further…How would this POSSIBLY reconcile with all their previous statements that the new and old versions would co-exist in the market place for as long as 10 years? How would this be possible? Also note the...post [Reference Guru Kaperoni's post 10-8-2019] regarding Kaperoni’s dramatic statement about oil credits being “nonsense” followed the very next day by an actual news release out of Iraq detailing just such an arrangement agreed to by both Mahdi and China. Hmmmmm…
10-11-2019 Intel Guru MarkZ We are in an incredible window of opportunity. Zurich is still waiting for dollars…They are beyond frustrated...they were told they will process over the weekend. In Iraq...hearing the 14th is still a big day for their LD’s on Monday. [Three day banking window] It sure is...big window of opportunity… Awesome window.
10-11-2019 Newshound Guru Kaperoni People can only sit for so long with empty promises to they get restless. The government needs to activate economic reforms, laws and the banking system needs to get open for investors to come in. Otherwise violence is only going to escalate.
10-10-2019 Intel Guru MarkZ [Will banks close on Columbus day and will that effect exchanges?] I have been told many times that even if banks are closed…redemption centers can be open and doing our exchanges. Once we start…They want us to our exchanges as quickly as possible.
10-10-2019 Newshound Guru Breitling ...there's institutions out there that are already starting to fight for your currency. A lot of people are getting emails from these currency exchange dealers. They used to offer $650 for the dinar [1 million] you have. Now they're offering $850 right now I think in the emails I'm getting. So it's starting...
10-10-2019 Newshound Guru Kaperoni Article: "Finance Committee in the Iraqi Council of Representatives announced on Monday (19-August-2019) the government direction to reinstate the currency and delete zeros from paper currency in order to strengthen the national economy" You better hope that doesn't happen because they're talking about a lop it's clear as day..."I want to remove the zeros off the paper"...meaning lop them. ...my hope is the CBI is going to follow the directive of the IMF in float the currency and allow it to gradually rise based on the influx of capital as a result of significant investment to create a market economy. But as a backup it seems that Parliament wants to pass a law to Simply lop the zeros off the notes and create a one-to-one exchange rate, as well as reducing the currency from trillions to billions... We have to hope iraq succeeds in launching this market economy.
10-10-2019 Newshound Guru Whitelions ...this is an exchange only and we as privet [private ?] people have 2 years to turn in where as the banks of the world have 10 years. either Iraq can ask the banks to turn in as they need or the banks can turn in as the rate changes at a penny or 2. we will take our dinar to the banks and they will deal with the cbi from there...we do know the CBI has told us how they will handle the dinar its on their web site. [10 yrs to redeem?] ...for the banks of the world yes for us and all the people taking it to the banks 2 years... this is really close...the demonstrations have set it back a little...
10-10-2019 Intel Guru Delta ...MAHDI WILL SUBMIT NEW LIST TO REPLACE PROXY POSITIONS BEFORE 10/24...THEY HAVE NO MORE CAN TO KICK...THEY WILL BE KICKED HARD THIS TIME IF THEY DON'T DELIVER...
10-10-2019 Intel Guru MarkZ [via PDK] Still hearing positive things from Iraq that are expect the new rate by the 14th. It is a long weekend- Columbus Day Weekend…and there is a lot of expectation for this weekend... Could we be out the door earlier? Yes…wish I could give a better idea on timing but I can’t.
10-10-2019 Newshound Guru chattels Article: "Iraq, China launch 'oil for reconstruction' agreement" Quote: "When Iraqi Prime Minister Adel Abdul Mahdi led a delegation to China in September, Baghdad and Beijing activated an "oil for reconstruction" and investment program. Under the arrangement, Chinese firms work in Iraq in exchange for 100,000 barrels per day." Certainly is a different means of monetizing oil or bartering oil for desperately needed services that Iraq cannot arguably otherwise afford. The foregoing would appear to contradict the following post from Kaperoni. 10-8-2019 Newshound Guru Kaperoni Oil credits and reduced prices for oil is all... nonsense...Iraq could never sell oil in exchange at a reduced price...because the budget is 90% dependent on Iraq's oil exports.
10-10-2019 Newshound/Intel Guru David M. Witty Iraqi PM Abdel-Mahdi: tomorrow [Thursday], Parliament will vote on making ministerial changes, amending the constitution, & changing election laws. We want to make real reform.
10-10-2019 Newshound Guru Adam Montana I have a longer weekly update prepared, but until these protests calm down... the GOI has their work cut out for them. It's a shame that this is happening, because I had some information towards the end of last week that had me getting pumped up. As much as many of us don't like it... Iraq needs to wade through this mess, and get the protests calmed down a bit before they can take their next steps. Don't shoot the messenger. The good news is that we aren't experiencing permanent setbacks. This too shall pass, and when it does, the progress will resume. These types of situations are usually short lived...
10-10-2019 Intel Guru Frank26 ...I believe the phase that they are in now is to distribute these lower denoms...what do you need before or synchronized with? A rate change. The description, the pictures, must come before a rate change or simultaneously. We truly believe that the phase is to show it to them, the citizens, and while they're understanding it, ding-dong Avon calling! 'I'm here to deliver you lower dinars private banks. Are you ready to accept them? Yes. Sign here.' ...this is the last and final piece of the puzzle...
10-10-2019 Newshound Guru Breitling ...there's institutions out there that are already starting to fight for your currency. A lot of people are getting emails from these currency exchange dealers. They used to offer $650 for the dinar [1 million] you have. Now they're offering $850 right now I think in the emails I'm getting. So it's starting...
10-10-2019 Newshound Guru Kaperoni Article: "Finance Committee in the Iraqi Council of Representatives announced on Monday (19-August-2019) the government direction to reinstate the currency and delete zeros from paper currency in order to strengthen the national economy" You better hope that doesn't happen because they're talking about a lop it's clear as day..."I want to remove the zeros off the paper"...meaning lop them. ...my hope is the CBI is going to follow the directive of the IMF in float the currency and allow it to gradually rise based on the influx of capital as a result of significant investment to create a market economy. But as a backup it seems that Parliament wants to pass a law to Simply lop the zeros off the notes and create a one-to-one exchange rate, as well as reducing the currency from trillions to billions... We have to hope iraq succeeds in launching this market economy.
10-10-2019 Newshound Guru Whitelions ...this is an exchange only and we as privet [private ?] people have 2 years to turn in where as the banks of the world have 10 years. either Iraq can ask the banks to turn in as they need or the banks can turn in as the rate changes at a penny or 2. we will take our dinar to the banks and they will deal with the cbi from there...we do know the CBI has told us how they will handle the dinar its on their web site. [10 yrs to redeem?] ...for the banks of the world yes for us and all the people taking it to the banks 2 years... this is really close...the demonstrations have set it back a little...
10-10-2019 Intel Guru Delta ...MAHDI WILL SUBMIT NEW LIST TO REPLACE PROXY POSITIONS BEFORE 10/24...THEY HAVE NO MORE CAN TO KICK...THEY WILL BE KICKED HARD THIS TIME IF THEY DON'T DELIVER...
10-10-2019 Intel Guru MarkZ [via PDK] Still hearing positive things from Iraq that are expect the new rate by the 14th. It is a long weekend- Columbus Day Weekend…and there is a lot of expectation for this weekend... Could we be out the door earlier? Yes…wish I could give a better idea on timing but I can’t.
10-10-2019 Newshound Guru chattels Article: "Iraq, China launch 'oil for reconstruction' agreement" Quote: "When Iraqi Prime Minister Adel Abdul Mahdi led a delegation to China in September, Baghdad and Beijing activated an "oil for reconstruction" and investment program. Under the arrangement, Chinese firms work in Iraq in exchange for 100,000 barrels per day." Certainly is a different means of monetizing oil or bartering oil for desperately needed services that Iraq cannot arguably otherwise afford. The foregoing would appear to contradict the following post from Kaperoni. 10-8-2019 Newshound Guru Kaperoni Oil credits and reduced prices for oil is all... nonsense...Iraq could never sell oil in exchange at a reduced price...because the budget is 90% dependent on Iraq's oil exports.
10-10-2019 Newshound/Intel Guru David M. Witty Iraqi PM Abdel-Mahdi: tomorrow [Thursday], Parliament will vote on making ministerial changes, amending the constitution, & changing election laws. We want to make real reform.
10-10-2019 Newshound Guru Adam Montana I have a longer weekly update prepared, but until these protests calm down... the GOI has their work cut out for them. It's a shame that this is happening, because I had some information towards the end of last week that had me getting pumped up. As much as many of us don't like it... Iraq needs to wade through this mess, and get the protests calmed down a bit before they can take their next steps. Don't shoot the messenger. The good news is that we aren't experiencing permanent setbacks. This too shall pass, and when it does, the progress will resume. These types of situations are usually short lived...
10-10-2019 Intel Guru Frank26 ...I believe the phase that they are in now is to distribute these lower denoms...what do you need before or synchronized with? A rate change. The description, the pictures, must come before a rate change or simultaneously. We truly believe that the phase is to show it to them, the citizens, and while they're understanding it, ding-dong Avon calling! 'I'm here to deliver you lower dinars private banks. Are you ready to accept them? Yes. Sign here.' ...this is the last and final piece of the puzzle...
10-9-2019 Intel Guru MarkZ [How long will we have to exchange?] I understand we will have about 10 days to make our appointments and about 30 days to do our exchanges
10-9-2019 Intel/Newshound Gurus Frank26 & Walkingstick ...Notice there has been no effect on the Iraqi dinar exchange rate due to the protesting. Not one pip movement of the Iraqi dinar exchange rate. Because it is not unstable. It is not off track. It is a process moving forward and I'm excited about Monday [October 14th]. [Reference Guru Frank26 10-8-2019 post]
10-9-2019 Newshound Guru Jeff Remember the CBI and the GOI are completely autonomous. So whatever happens with the GOI it has nothing to to do with the CBI. The CBI controls the money. The GOI controls the government and they work with the people. The only thing the CBI is seeking from the government is stability. Before they will agree to change the rate, they want the GOI to have a formed completed government...and they also need to have an approved 2020 budget because that's where post rate change monies will come from for reconstruction, Article 140 and the HCL... [post 2 of 2]
10-9-2019 Newshound Guru Jeff ...everybody else was telling us that Mahdi would be removed and that the government would be dismantled. Why aren't you giving us any of those details? Great question. Thank you for asking. Here's why. From the beginning I have told you that the demonstrations would have no bearing on this investment. If anything the demonstrations have confirmed and proven everything that I've been telling you since the end of August...the demonstrations have had no bearing. [post 1 of 2....stay tuned]
10-9-2019 Intel Guru MarkZ [via PDK] We are at the edge of our seats close today. We are in a big window of opportunity today. A number of confirmations from Iraq they are indeed expecting the LD’s and fils on the 14th...looking like a 5 day roll out is planned. [Do we have to wait until Iraq currency goes public to get. 1-800 number?] I do not think so...over 90% of their citizens have the QE card so they will get paid that way... I don’t think we will pass mid-month in October before we see the RV...
10-9-2019 Newshound/Intel Guru Mnt Goat ...as an investor in the dinar, we are not yet seeing the currency reform demand of the protestors being met. Let’ s see what happens in Thursday’s session in parliament...
10-9-2019 Intel Guru Frank26 ...the CBI 4 days ago told [guru] walkingstick's firm that on the 14th 'the acceptance of new currency to be followed by the fils.' The "Acceptance". These aren't just ordinary words. They are up here for a reason. They're well calculated...the bank must accept the responsibility of the lower denoms. This is the highest intel of the monetary reform of the Iraqi dinar...I believe very deeply in my heart they're about to show pictures and descriptions of the lower denoms to the citizens...and one more thing they will be given, the explanation...behind why their exchange rate has changed. [Reference Guru Frank26 10-8-2019 post]
10-9-2019 Intel/Newshound Gurus Frank26 & Walkingstick ...Notice there has been no effect on the Iraqi dinar exchange rate due to the protesting. Not one pip movement of the Iraqi dinar exchange rate. Because it is not unstable. It is not off track. It is a process moving forward and I'm excited about Monday [October 14th]. [Reference Guru Frank26 10-8-2019 post]
10-9-2019 Newshound Guru Jeff Remember the CBI and the GOI are completely autonomous. So whatever happens with the GOI it has nothing to to do with the CBI. The CBI controls the money. The GOI controls the government and they work with the people. The only thing the CBI is seeking from the government is stability. Before they will agree to change the rate, they want the GOI to have a formed completed government...and they also need to have an approved 2020 budget because that's where post rate change monies will come from for reconstruction, Article 140 and the HCL... [post 2 of 2]
10-9-2019 Newshound Guru Jeff ...everybody else was telling us that Mahdi would be removed and that the government would be dismantled. Why aren't you giving us any of those details? Great question. Thank you for asking. Here's why. From the beginning I have told you that the demonstrations would have no bearing on this investment. If anything the demonstrations have confirmed and proven everything that I've been telling you since the end of August...the demonstrations have had no bearing. [post 1 of 2....stay tuned]
10-9-2019 Intel Guru MarkZ [via PDK] We are at the edge of our seats close today. We are in a big window of opportunity today. A number of confirmations from Iraq they are indeed expecting the LD’s and fils on the 14th...looking like a 5 day roll out is planned. [Do we have to wait until Iraq currency goes public to get. 1-800 number?] I do not think so...over 90% of their citizens have the QE card so they will get paid that way... I don’t think we will pass mid-month in October before we see the RV...
10-9-2019 Newshound/Intel Guru Mnt Goat ...as an investor in the dinar, we are not yet seeing the currency reform demand of the protestors being met. Let’ s see what happens in Thursday’s session in parliament...
10-9-2019 Intel Guru Frank26 ...the CBI 4 days ago told [guru] walkingstick's firm that on the 14th 'the acceptance of new currency to be followed by the fils.' The "Acceptance". These aren't just ordinary words. They are up here for a reason. They're well calculated...the bank must accept the responsibility of the lower denoms. This is the highest intel of the monetary reform of the Iraqi dinar...I believe very deeply in my heart they're about to show pictures and descriptions of the lower denoms to the citizens...and one more thing they will be given, the explanation...behind why their exchange rate has changed. [Reference Guru Frank26 10-8-2019 post]
10-8-2019 Newshound Guru Kaperoni Oil credits and reduced prices for oil is all... nonsense...Iraq could never sell oil in exchange at a reduced price...because the budget is 90% dependent on Iraq's oil exports. And over 50% of the annual budget itself is salaries. Therefore they could never sell oil for less that that amount in the budget calculation for a particular year or they couldn't meet their budget not to mention they wouldn't be able to pay their people. Maybe someday if Iraq ever had a fully functional market economy and diversified to 50% or so and the state payroll was less than it is they may be an opportunity to do something like that but that is so far in the distance...
10-8-2019 Intel Guru Frank26 ...what are we looking for? We're looking for pictures and descriptions [of lower denoms]...Saturday or Sunday it's possible we might finally be introduced to those pictures and descriptions...
10-8-2019 Intel Guru MarkZ [via PDK] I am not under an NDA…yet...Rumors that elderly in Iraq are going first... Frank [Guru Frank26] had big news yesterday from [Guru] Walkingstick who is a bank owner...LD’s and Fils expected on the 14th...Close to what I just received from a number of sources in Iraq. [Reference Guru Frank26 9-8-2019 post below]
10-8-2019 Newshound/Intel Guru Mnt Goat So, there was talk of dismissal of current prime minister Mahdi. According to the constitution this would be a no confidence vote. So what happened on this vote on Saturday? A parliamentary source said on Monday that the House of Representatives will hold its eighth session to discuss the demonstrations on Tuesday. The source said in an interview with Alsumaria News, "The House of Representatives will be held at one o'clock on Tuesday, its regular session." He added that "the session will be dedicated to discuss the demonstrations and take the necessary measures to meet the demands of the demonstrators." [post 2 of 2]
10-8-2019 Newshound/Intel Guru Mnt Goat The Iraq protestors continue until the list of demands are met. We know these demands include stopping the currency auctions. We know if they do this they will then move the dinar to trade international. We have been waiting for this for many years as investors in the currency. But the question is - will this protesting effort actually put pressure on them to do it? We know there is already a plan to roll out the smaller and the small category notes and coins by the CBI. They keep telling the people of all the corruption but it seems to make no difference. [post 1 of 2....stay tuned]
10-8-2019 Newshound Guru chattels Article: "Parliament officially votes to freeze the work of provincial councils" Quote: "...The House of Representatives officially voted to freeze the work of the provincial councils. It also voted on the recommendations of the parliamentary committee charged with considering the demands of the demonstrators" It appears that the Iraqi Parliament managed to obtain a quorum for today's business.
10-8-2019 Newshound Guru Kaperoni Any such idea to release a new currency or small denominations right now would be a disaster. Iraq is doing everything they can just to maintain stability. Criticle this month is the vote on Special Grades which includes the CBI governor (Allaq could be replaced), parliament voting on laws, and parliament getting the 2020 budget to begin review that includes a significant increase in spending for the private sector.
10-8-2019 Intel Guru MarkZ A military contact says this will be done/wrapped up between Nov. 4-15th. Everyone done, groups and exchanges completed and redemption centers closed down and everybody gone home...which means they got to start soon.
10-8-2019 Intel Guru Frank26 ...the CBI has told [guru] Walkingstick's firm 3 days ago...(they have 6 banks)...that on the 14th they are to have the acceptance of new currency...It isn't even my opinion because the CBI told my friend's firm therefore it's public knowledge. To be followed by fils...whoop there it is!...When we see the pictures of the new lower denoms we've got a good chance for this to unfold...Let's pray this protesting stops being so violent...our team members are alive and well...and pray that if it calms down the pictures of the lower denoms and the descriptions come out...
10-8-2019 Intel Guru Frank26 ...what are we looking for? We're looking for pictures and descriptions [of lower denoms]...Saturday or Sunday it's possible we might finally be introduced to those pictures and descriptions...
10-8-2019 Intel Guru MarkZ [via PDK] I am not under an NDA…yet...Rumors that elderly in Iraq are going first... Frank [Guru Frank26] had big news yesterday from [Guru] Walkingstick who is a bank owner...LD’s and Fils expected on the 14th...Close to what I just received from a number of sources in Iraq. [Reference Guru Frank26 9-8-2019 post below]
10-8-2019 Newshound/Intel Guru Mnt Goat So, there was talk of dismissal of current prime minister Mahdi. According to the constitution this would be a no confidence vote. So what happened on this vote on Saturday? A parliamentary source said on Monday that the House of Representatives will hold its eighth session to discuss the demonstrations on Tuesday. The source said in an interview with Alsumaria News, "The House of Representatives will be held at one o'clock on Tuesday, its regular session." He added that "the session will be dedicated to discuss the demonstrations and take the necessary measures to meet the demands of the demonstrators." [post 2 of 2]
10-8-2019 Newshound/Intel Guru Mnt Goat The Iraq protestors continue until the list of demands are met. We know these demands include stopping the currency auctions. We know if they do this they will then move the dinar to trade international. We have been waiting for this for many years as investors in the currency. But the question is - will this protesting effort actually put pressure on them to do it? We know there is already a plan to roll out the smaller and the small category notes and coins by the CBI. They keep telling the people of all the corruption but it seems to make no difference. [post 1 of 2....stay tuned]
10-8-2019 Newshound Guru chattels Article: "Parliament officially votes to freeze the work of provincial councils" Quote: "...The House of Representatives officially voted to freeze the work of the provincial councils. It also voted on the recommendations of the parliamentary committee charged with considering the demands of the demonstrators" It appears that the Iraqi Parliament managed to obtain a quorum for today's business.
10-8-2019 Newshound Guru Kaperoni Any such idea to release a new currency or small denominations right now would be a disaster. Iraq is doing everything they can just to maintain stability. Criticle this month is the vote on Special Grades which includes the CBI governor (Allaq could be replaced), parliament voting on laws, and parliament getting the 2020 budget to begin review that includes a significant increase in spending for the private sector.
10-8-2019 Intel Guru MarkZ A military contact says this will be done/wrapped up between Nov. 4-15th. Everyone done, groups and exchanges completed and redemption centers closed down and everybody gone home...which means they got to start soon.
10-8-2019 Intel Guru Frank26 ...the CBI has told [guru] Walkingstick's firm 3 days ago...(they have 6 banks)...that on the 14th they are to have the acceptance of new currency...It isn't even my opinion because the CBI told my friend's firm therefore it's public knowledge. To be followed by fils...whoop there it is!...When we see the pictures of the new lower denoms we've got a good chance for this to unfold...Let's pray this protesting stops being so violent...our team members are alive and well...and pray that if it calms down the pictures of the lower denoms and the descriptions come out...
10-7-2019 Newshound Guru Kaperoni ...To much to do to build a market economy such as laws, getting investors, and stabilizing the country after these recent protests before we can see the dinar appreciate in value. Personally I have my doubts that the government of Iraq can accomplish these tasks before the end of the year. These events may delay progress 6 months.
10-7-2019 Intel Guru MarkZ The 7th of Oct...We should have been long done with this thing by now! Unrest in Iraq...it will stay this way until they get what they were promised over and over again…they are tired of waiting for the new rate... They are pushing us toward the RV not away from it... Lots of rumors that it is underway. [What is the street rate for IQD?] I’ve been told we can expect $3.91-$3.98 when the rate changes. ...There is an excellent chance I could be under an NDA today still. We are that close. I really do believe its “any day”. We just have to live through these “final moments” of this very long journey.
10-7-2019 Newshound Guru chattels Article quote: "On Monday, Abdul-Mahdi said he discussed the recent events and reform plans in a phone call with US Secretary of State Mike Pompeo, without providing further details. And Russian Foreign Minister Sergei Lavrov landed in Baghdad to meet top officials." Plans to reform and committees to study and prepare may not be enough this time. People need relief and that requires action. ...There are matters in Iraq unfolding before our very eyes, as the Gurus say, but it does not appear to be a substantial increase in the value of the dinar.
10-7-2019 Newshound/Intel Guru Jeff ...is the dinar still a good investment to be invested in with everything happening? The answer IMO...is yes. Here's why. What I've been trying to strongly show you is that since roughly August, if Iraq didn't start getting thing done they would be very limited and restricted on what they were actually able to do going forward without a rate change. They're strongly showing that proof to you based on their actions and what they were actually able to do for the citizens...they were very limited on what they could do...the rate change is now waiting on the 2020 budget because that's where all the money's gonna be allocated from...everything's coming together...the dinar in my opinion is still a very good investment...we are still in a very good position...this whole investment is a process...
10-7-2019 Intel Guru MarkZ The 7th of Oct...We should have been long done with this thing by now! Unrest in Iraq...it will stay this way until they get what they were promised over and over again…they are tired of waiting for the new rate... They are pushing us toward the RV not away from it... Lots of rumors that it is underway. [What is the street rate for IQD?] I’ve been told we can expect $3.91-$3.98 when the rate changes. ...There is an excellent chance I could be under an NDA today still. We are that close. I really do believe its “any day”. We just have to live through these “final moments” of this very long journey.
10-7-2019 Newshound Guru chattels Article quote: "On Monday, Abdul-Mahdi said he discussed the recent events and reform plans in a phone call with US Secretary of State Mike Pompeo, without providing further details. And Russian Foreign Minister Sergei Lavrov landed in Baghdad to meet top officials." Plans to reform and committees to study and prepare may not be enough this time. People need relief and that requires action. ...There are matters in Iraq unfolding before our very eyes, as the Gurus say, but it does not appear to be a substantial increase in the value of the dinar.
10-7-2019 Newshound/Intel Guru Jeff ...is the dinar still a good investment to be invested in with everything happening? The answer IMO...is yes. Here's why. What I've been trying to strongly show you is that since roughly August, if Iraq didn't start getting thing done they would be very limited and restricted on what they were actually able to do going forward without a rate change. They're strongly showing that proof to you based on their actions and what they were actually able to do for the citizens...they were very limited on what they could do...the rate change is now waiting on the 2020 budget because that's where all the money's gonna be allocated from...everything's coming together...the dinar in my opinion is still a very good investment...we are still in a very good position...this whole investment is a process...
10-6-2019 Newshound Guru MilitiaMan ...The so called brotherly neighbor has tentacles deep inside helping them selves to the cash cow called Currency Auctions. I don't disagree, there are things in the country that are and will be far from over. However, one hell of a good way to solve that is to stop the auctions, raise the value, which will provide jobs that will come from going international with a new internationally excepted currency. That will be the facilitator for global trade for the world which will in turn beget purchase power for the citizens, while they grow economically with the new jobs created from the positive effects of raising the value. imo.
10-6-2019 Newshound Guru Bloodloch There are somewhere between six and a dozen or more different factors that may influence exchange rates, depending upon who you are talking to. The money supply or currency issued is just one of them. Investor speculation, interest rate differentials, inflation rate differentials, gross domestic product, international investments, trade deals, and other factors all may come into play. At times it may seem like such determinations are more art than raw number-crunching science, or perhaps it's just whatever the central banks want it to be in order to achieve some global political agenda. Investopedia says, "... exchange rates are determined by numerous complex factors that often leave even the most experienced economists flummoxed... " I couldn't agree with them more.
10-6-2019 Newshound/Intel Guru David M. Witty In ministerial cabinet meeting, Iraqi PM Abdel-Mahdi makes promises to meet demands of protesters: corrupt officials to be held accountable, land & housing for those with low income, interest free loans, opening Army to volunteers.
10-6-2019 Newshound Guru Jeff They still have two major things to do before the rate can change. This is based on current facts. What I'm telling you can change through time but as where we're at right now with current facts - the two things remaining are they have to finish the formation of the government and approve the budget...then they can change the rate. That's exactly where we're at. The facts are unfolding right before your eyes...
10-6-2019 Newshound Guru Kaperoni They've been using wheelbarrows for years what's the difference if they have to use them a few more? They're either going to do one of two things they're either going to Lop first to get to 1 to $1 exchange rate reducing the money supply from trillions to billions. And then float the currency allowing it to rise. Or they're going to just float it from the beginning and allowed to gradually increase over time allowing them to reduce the money supply we don't know that answer yet but it's not going to RV
10-6-2019 Newshound Guru MilitiaMan Lets hope the fire the citizens brought out over the past 5 days has the affect we await and they need! I have a feeling that the support they are getting from around the world, is squarely on the politicians backs now. They've been AWOKE imo... timing now is crucial for them to complete the reforms and get the market economy underway and international, ASAP. As that will usher in the employment and put purchase power in their hands. ...lifting the value of the Sovereign Currency will actually fix things! imo...
10-6-2019 Newshound Guru Bloodloch There are somewhere between six and a dozen or more different factors that may influence exchange rates, depending upon who you are talking to. The money supply or currency issued is just one of them. Investor speculation, interest rate differentials, inflation rate differentials, gross domestic product, international investments, trade deals, and other factors all may come into play. At times it may seem like such determinations are more art than raw number-crunching science, or perhaps it's just whatever the central banks want it to be in order to achieve some global political agenda. Investopedia says, "... exchange rates are determined by numerous complex factors that often leave even the most experienced economists flummoxed... " I couldn't agree with them more.
10-6-2019 Newshound/Intel Guru David M. Witty In ministerial cabinet meeting, Iraqi PM Abdel-Mahdi makes promises to meet demands of protesters: corrupt officials to be held accountable, land & housing for those with low income, interest free loans, opening Army to volunteers.
10-6-2019 Newshound Guru Jeff They still have two major things to do before the rate can change. This is based on current facts. What I'm telling you can change through time but as where we're at right now with current facts - the two things remaining are they have to finish the formation of the government and approve the budget...then they can change the rate. That's exactly where we're at. The facts are unfolding right before your eyes...
10-6-2019 Newshound Guru Kaperoni They've been using wheelbarrows for years what's the difference if they have to use them a few more? They're either going to do one of two things they're either going to Lop first to get to 1 to $1 exchange rate reducing the money supply from trillions to billions. And then float the currency allowing it to rise. Or they're going to just float it from the beginning and allowed to gradually increase over time allowing them to reduce the money supply we don't know that answer yet but it's not going to RV
10-6-2019 Newshound Guru MilitiaMan Lets hope the fire the citizens brought out over the past 5 days has the affect we await and they need! I have a feeling that the support they are getting from around the world, is squarely on the politicians backs now. They've been AWOKE imo... timing now is crucial for them to complete the reforms and get the market economy underway and international, ASAP. As that will usher in the employment and put purchase power in their hands. ...lifting the value of the Sovereign Currency will actually fix things! imo...
10-5-2019 Intel/Newshound Guru Frank26 ...we're thinking the CBI is going to bring out the pictures of the lower denoms/smaller notes. What do you think will happen if they all of a sudden they saw this tomorrow or Monday or Tuesday? It would quell the anger. I would stop the protesting. It would stop the killing...why? Because the citizens would have their minds on something that belongs to them. Finally!
10-5-2019 Newshound Guru Jeff Sader is now backing down from removing the government. Because their hands are tied and boxed in a corner (waiting for the RI). They could only offer 3 items to the citizens: 1. Jobs. 2. Cheap Housing. 3. Money.
10-5-2019 Newshound Guru larrykn Articles: "Saleh, al-Halbousi call for maintaining community security of protestors"; "Arab League voices concern over unrest in Iraq"; "Baghdad`s protests death toll rises to 100 and injuries to 4000" I hope they can settle the people down soon , this can be either good or bad for the country, they will either get off the pot or stall. we shall see
10-5-2019 Newshound Guru Jeff ...they said on this Saturday the 5th they were going to vote on the Education Minister now they're not showing any intentions of doing that...ONE article says that tomorrow, Saturday, most of the political blocks will vote to dismiss the government. So be cautious with that. It may not happen. We'll have to wait and see...
10-5-2019 Newshound Guru Kaperoni These Iraqi protests have gone on now for several days. This is not what we as investors want to see happen. Delays in reform and investment will be the result. Not good...They need to get investment and companies to come in and put people to work, that is what will raise the value of the currency.
10-5-2019 Newshound Guru Jeff Sader is now backing down from removing the government. Because their hands are tied and boxed in a corner (waiting for the RI). They could only offer 3 items to the citizens: 1. Jobs. 2. Cheap Housing. 3. Money.
10-5-2019 Newshound Guru larrykn Articles: "Saleh, al-Halbousi call for maintaining community security of protestors"; "Arab League voices concern over unrest in Iraq"; "Baghdad`s protests death toll rises to 100 and injuries to 4000" I hope they can settle the people down soon , this can be either good or bad for the country, they will either get off the pot or stall. we shall see
10-5-2019 Newshound Guru Jeff ...they said on this Saturday the 5th they were going to vote on the Education Minister now they're not showing any intentions of doing that...ONE article says that tomorrow, Saturday, most of the political blocks will vote to dismiss the government. So be cautious with that. It may not happen. We'll have to wait and see...
10-5-2019 Newshound Guru Kaperoni These Iraqi protests have gone on now for several days. This is not what we as investors want to see happen. Delays in reform and investment will be the result. Not good...They need to get investment and companies to come in and put people to work, that is what will raise the value of the currency.
10-4-2019 Intel Guru MilitiaMan ...The CBI on the 10/01/2019 has since been in extensive research, preparation and coordination to go live globally! They have the ability of global distribution now from the looks of it...All is good for us and those looking for a bright future in Iraq...So let's see if the saturation and distribution gets out to the citizens this weekend or there real close. The 15th is not far off. Lots of things line up on that date.. As in the 2020 Budget, citizens demands, China Taxes and Tariffs with the USA, etc. ~ imo ~ MM
10-4-2019 Newshound/Intel Guru Mnt Goat [Guru] Frank26 says 12 large armored trucks traveling to banks seen...I want everyone to know these trucks are NOT filled with the smaller of the smaller category notes. They are the promised 250, 500 and 1000 dinar notes...the CBI needed to replace these notes. These are now the replacement notes. So this has NOTHING to do with the RV... [Reference Frank26 10-3-2019]
10-4-2019 Newshound Guru Bloodloch [reference sandyf post 10-3-2019] "The CBI has an IQD denominated liability in respect of the currency that has been issued. This liability is underpinned by assets but the bulk of the assets are foreign currency denominated. If the IQD were to rise in value the liability would increase but the asset value would remain the same. There is only about 8% equity in the CBI accounts so it would not take much of a rise in the value of the IQD for the CBI to be bankrupt." Companies, institutions, central banks, and everyone else on planet Earth use a single valuation unit to record and report their assets, liabilities, and equities, said unit usually being their respective national currency. In the case of the CBI financials, it is all valued in Iraqi Dinars, period. All the assets. All the liabilities. All the equities. All IQD.
10-4-2019 Newshound/Intel Guru Mnt Goat Article: "SAUDI ARABIA ALLOWS AND ENCOURAGES INVESTMENTS IN THE IRAQI STOCK EXCHANGE" ...we already heard that October was the timeframe to begin the Nasdaq indexes also. Now we are seeing the Saudis also coming online. This is all fantastic news. How can they go much longer without having a rate to trade on FOREX?...
10-4-2019 Newshound Guru Adam Montana Every ounce of effort put into this venture will one day (soon) return many times over.
10-4-2019 Intel Guru MarkZ [via PDK] We were hoping we wouldn’t see you today...and you were in NDA land. I am not under an NDA yet…Noone really knows what the rate is going to be...just plan for higher and lower rates... If anything big happens I will be sure to update you this weekend…
10-4-2019 Newshound Guru Jeff ...What is the rate change waiting on? What steps does the rate change need for the rate change to occur? ...(Things shared with you are not set in stone)...they still have to get the money ready to go and the money has to be allocated and be ready to be dispersed. Those steps have to come from a budget...the 2020 budget is linked to the rate change big time. It's got a lot of financial allocations and monies...items that pertain strongly to the rate change. So they have to complete the budget before the rate can change. It's that simple...that's the reason I've been telling you that the rate cannot change this year. It's because they have to finish and approve and complete the 2020 budget which will roll into next year.
10-4-2019 Newshound/Intel Guru Mnt Goat "IRAQ: DEMONSTRATIONS OVER UNEMPLOYMENT, CORRUPTION AND POOR PUBLIC SERVICES." ...they were demanding currency reform. ...The protestors actually do have this on their list of demands. This is all VERY good for us and our investment. A government like the GOI can’t keep making these promises to the people and then do nothing. Eventually the people will rise up and do something to get what was promised...is the GOI going to meet the demands? We know one of them is the currency reform. The demonstrators gave them 15 days to meet the demands.
10-4-2019 Newshound/Intel Guru Mnt Goat [Guru] Frank26 says 12 large armored trucks traveling to banks seen...I want everyone to know these trucks are NOT filled with the smaller of the smaller category notes. They are the promised 250, 500 and 1000 dinar notes...the CBI needed to replace these notes. These are now the replacement notes. So this has NOTHING to do with the RV... [Reference Frank26 10-3-2019]
10-4-2019 Newshound Guru Bloodloch [reference sandyf post 10-3-2019] "The CBI has an IQD denominated liability in respect of the currency that has been issued. This liability is underpinned by assets but the bulk of the assets are foreign currency denominated. If the IQD were to rise in value the liability would increase but the asset value would remain the same. There is only about 8% equity in the CBI accounts so it would not take much of a rise in the value of the IQD for the CBI to be bankrupt." Companies, institutions, central banks, and everyone else on planet Earth use a single valuation unit to record and report their assets, liabilities, and equities, said unit usually being their respective national currency. In the case of the CBI financials, it is all valued in Iraqi Dinars, period. All the assets. All the liabilities. All the equities. All IQD.
10-4-2019 Newshound/Intel Guru Mnt Goat Article: "SAUDI ARABIA ALLOWS AND ENCOURAGES INVESTMENTS IN THE IRAQI STOCK EXCHANGE" ...we already heard that October was the timeframe to begin the Nasdaq indexes also. Now we are seeing the Saudis also coming online. This is all fantastic news. How can they go much longer without having a rate to trade on FOREX?...
10-4-2019 Newshound Guru Adam Montana Every ounce of effort put into this venture will one day (soon) return many times over.
10-4-2019 Intel Guru MarkZ [via PDK] We were hoping we wouldn’t see you today...and you were in NDA land. I am not under an NDA yet…Noone really knows what the rate is going to be...just plan for higher and lower rates... If anything big happens I will be sure to update you this weekend…
10-4-2019 Newshound Guru Jeff ...What is the rate change waiting on? What steps does the rate change need for the rate change to occur? ...(Things shared with you are not set in stone)...they still have to get the money ready to go and the money has to be allocated and be ready to be dispersed. Those steps have to come from a budget...the 2020 budget is linked to the rate change big time. It's got a lot of financial allocations and monies...items that pertain strongly to the rate change. So they have to complete the budget before the rate can change. It's that simple...that's the reason I've been telling you that the rate cannot change this year. It's because they have to finish and approve and complete the 2020 budget which will roll into next year.
10-4-2019 Newshound/Intel Guru Mnt Goat "IRAQ: DEMONSTRATIONS OVER UNEMPLOYMENT, CORRUPTION AND POOR PUBLIC SERVICES." ...they were demanding currency reform. ...The protestors actually do have this on their list of demands. This is all VERY good for us and our investment. A government like the GOI can’t keep making these promises to the people and then do nothing. Eventually the people will rise up and do something to get what was promised...is the GOI going to meet the demands? We know one of them is the currency reform. The demonstrators gave them 15 days to meet the demands.
10-3-2019 Newshound Guru Kaperoni I am very confident with all of the economic activities going on in Iraq that they certainly will launch a market economy and receive private investment to rebuild the infrastructure next year. They must open the banking system for that to succeed and float the currency.
10-3-2019 Intel/Newshound Guru sandyf ...The CBI has an IQD denominated liability in respect of the currency that has been issued. This liability is underpinned by assets but the bulk of the assets are foreign currency denominated. If the IQD were to rise in value the liability would increase but the asset value would remain the same. There is only about 8% equity in the CBI accounts so it would not take much of a rise in the value of the IQD for the CBI to be bankrupt.
10-3-2019 Intel Guru Frank26 I think Alaq is going to say a lot tomorrow...They moved 12 trucks, gigantic armored trucks out of the green zone. They were escorted by Blackwater and whoever else...they escorted these 12 armored trucks and Alaq went on television and he told the citizens, 'we are moving these 12 armored vehicles to undisclosed destination.' He told the people the trucks were loaded with funds. There's no doubt these are the lower denoms because the day before he told them, 'I'm going to give you the lower denoms.' And now he's telling them, 'look I'm moving them.' But he's not telling them what funds they are...it's possible they are either going to show them tomorrow the pictures of the lower denoms or Saturday...I really think this week they are going to show it to them...
10-3-2019 Newshound/Intel Guru Mnt Goat Article: "THE NEW SESSION OF THE BAGHDAD INTERNATIONAL FAIR WILL WITNESS A MAJOR BREAKTHROUGH FOR THE CONTRIBUTION OF THE PRIVATE SECTOR" ...the more the private sector is engaged in Iraq the more likelihood they will have to change over from the currency auctions and go to a free market economy, thus get the currency on FOREX.
10-3-2019 Intel Guru FRANK26 IF YOU THINK THINGS ARE NOT LOOKING GOOD DUE TO THE DEMONSTRATIONS, DON'T... I AM VERY EXCITED BECAUSE OF WHAT TEAMS ARE TELLING ME!!!
10-3-2019 Newshound Guru larrykn Articles: "Iraqi protests turn deadly as security forces open fire on demonstrators"; "UN expresses concern over violence in Iraq protests" this should get the attention on the government. they better get going or the whole government will collapse. This might be the turning point for Iraq.
10-3-2019 Intel Guru MarkZ [via PDK] Still hearing the possibility of my being under an NDA today...If I am under an NDA that means I have received some funds...More people that I know have signed NDA's... This means money must be moving somewhere...just cannot find out where. I am upbeat...I think its because I know who is now under NDAs...and that is exciting even though I cannot share that. i understand that I still will be able to release 800 numbers if I receive them. No word from my Iraqi contact since Saturday…I have been trying to reach them constantly. I feel this is the quiet before the storm...it’s so close we can taste it.
10-3-2019 Newshound Guru Jeff ...Historically they [Iraq] had a 3+ value...notice how they keep telling you they're trying to come out with lower denoms and then back in August and September they put out all those articles telling you coins...so yes they will be coming out with coins and lower denoms at an increased rate...clear back into the early 1970's they had a 3+ value...the article from yesterday said $3.37 as of 1973. That's before I was even born. I was born in '75. That tells me Iraq is the wealthiest country in the world. So when you come out and tell me, 'Oh yeah we think the rates gonna go to 1+', I laugh in your face because Iraq is the wealthiest country in the world and back in '73 they were holding a rate of $3.37. That's huge...
10-3-2019 Intel Guru Frank26 I owe you an apology...there was a misunderstanding between me and bluestar...he must have told me 'Frank you need to verify this'...I missed it. My rush and excitement to share with you what I thought was proper was not..."the dinar was live on Nasdaq." That was a mistake. That is now null and void...my humblest apologies...to say the dinar was trading live insinuates a lot of other things that were not true. I'm really really sorry.
10-3-2019 Intel/Newshound Guru sandyf ...The CBI has an IQD denominated liability in respect of the currency that has been issued. This liability is underpinned by assets but the bulk of the assets are foreign currency denominated. If the IQD were to rise in value the liability would increase but the asset value would remain the same. There is only about 8% equity in the CBI accounts so it would not take much of a rise in the value of the IQD for the CBI to be bankrupt.
10-3-2019 Intel Guru Frank26 I think Alaq is going to say a lot tomorrow...They moved 12 trucks, gigantic armored trucks out of the green zone. They were escorted by Blackwater and whoever else...they escorted these 12 armored trucks and Alaq went on television and he told the citizens, 'we are moving these 12 armored vehicles to undisclosed destination.' He told the people the trucks were loaded with funds. There's no doubt these are the lower denoms because the day before he told them, 'I'm going to give you the lower denoms.' And now he's telling them, 'look I'm moving them.' But he's not telling them what funds they are...it's possible they are either going to show them tomorrow the pictures of the lower denoms or Saturday...I really think this week they are going to show it to them...
10-3-2019 Newshound/Intel Guru Mnt Goat Article: "THE NEW SESSION OF THE BAGHDAD INTERNATIONAL FAIR WILL WITNESS A MAJOR BREAKTHROUGH FOR THE CONTRIBUTION OF THE PRIVATE SECTOR" ...the more the private sector is engaged in Iraq the more likelihood they will have to change over from the currency auctions and go to a free market economy, thus get the currency on FOREX.
10-3-2019 Intel Guru FRANK26 IF YOU THINK THINGS ARE NOT LOOKING GOOD DUE TO THE DEMONSTRATIONS, DON'T... I AM VERY EXCITED BECAUSE OF WHAT TEAMS ARE TELLING ME!!!
10-3-2019 Newshound Guru larrykn Articles: "Iraqi protests turn deadly as security forces open fire on demonstrators"; "UN expresses concern over violence in Iraq protests" this should get the attention on the government. they better get going or the whole government will collapse. This might be the turning point for Iraq.
10-3-2019 Intel Guru MarkZ [via PDK] Still hearing the possibility of my being under an NDA today...If I am under an NDA that means I have received some funds...More people that I know have signed NDA's... This means money must be moving somewhere...just cannot find out where. I am upbeat...I think its because I know who is now under NDAs...and that is exciting even though I cannot share that. i understand that I still will be able to release 800 numbers if I receive them. No word from my Iraqi contact since Saturday…I have been trying to reach them constantly. I feel this is the quiet before the storm...it’s so close we can taste it.
10-3-2019 Newshound Guru Jeff ...Historically they [Iraq] had a 3+ value...notice how they keep telling you they're trying to come out with lower denoms and then back in August and September they put out all those articles telling you coins...so yes they will be coming out with coins and lower denoms at an increased rate...clear back into the early 1970's they had a 3+ value...the article from yesterday said $3.37 as of 1973. That's before I was even born. I was born in '75. That tells me Iraq is the wealthiest country in the world. So when you come out and tell me, 'Oh yeah we think the rates gonna go to 1+', I laugh in your face because Iraq is the wealthiest country in the world and back in '73 they were holding a rate of $3.37. That's huge...
10-3-2019 Intel Guru Frank26 I owe you an apology...there was a misunderstanding between me and bluestar...he must have told me 'Frank you need to verify this'...I missed it. My rush and excitement to share with you what I thought was proper was not..."the dinar was live on Nasdaq." That was a mistake. That is now null and void...my humblest apologies...to say the dinar was trading live insinuates a lot of other things that were not true. I'm really really sorry.
10-2-2019 Newshound Guru Adam Montana Whether they barter directly for oil or not is kind of irrelevant. China probably doesn't give a hoot either way, because they know exactly what we know - Iraq is rich with oil, Iraq will not be an impoverished land with no way to pay their debts, and Iraq has every ability to pay their debts... because of oil. I wish I had a date to put out here, but you all know by now I won't do that. It sure does look promising, though! Iraq has an RV button to push... [post 2 of 2]
10-2-2019 Newshound Guru Adam Montana ...OIL - currently WTI at $52. Stable enough, no worries there. Iraq and China was a big story last week, and it still is...There was some discussion on the topic of how Iraq will pay China. Some of the articles suggest Iraq will pay with oil, while others state it will be financed by oil...the exact method doesn't matter. What is important to understand is that Iraq has oil. That's it. [post 1 of 2....stay tuned]
10-2-2019 Intel Guru Frank26 ...It's either this week or next week where they are actually going to come out with [Lower Denom] pictures IMO...It will be Alaq...to come out and say we're ready to distribute the lower denoms...But before that, pictures and explanation of these lower denoms...
10-2-2019 Intel Guru MarkZ I feel we are so close and the waiting in these last days is very hard. We are told I may be under a NDA by midday tomorrow. I was told the NDA for people who are in the public like myself, Frank ect…may be stronger than the normal people’s NDA. So If I have to shut up...that is why. They may force me to be 100% quiet. I was told I probably will be able to post that Screen with the nest and the cash and golden egg in it with the 800 numbers...but won’t know for sure until I read the NDA...we hear anytime from now until Thursday for 800 numbers...but manage your expectations…
10-2-2019 Newshound/Intel Guru Mnt Goat Right now the rate is still being suppressed at the program rate. The program rate was supposed to be a temporary de-facto peg to the US dollar to help they through a time of high inflation and prevent hyper-inflation. The CBI has told us there is a process to getting the dinar “reinstated” and in use as an international currency once again. It is not as simple as just pulling a trigger and wamoo, the new rate appears on FOREX. [post 2 of 2]
10-2-2019 Newshound/Intel Guru Mnt Goat Just remember the banks do not make the decision for anything. They simple want the new rate to show up on FOREX and when it does they can use it “legally” to exchange customers who to come in with their currency. ...When the IQD does come back on FOREX and the other global currency exchanges it is called a “reinstatement”. The rate given hopefully will reflect the true and accurate value of the dinar. [post 1 of 2....stay tuned]
10-2-2019 Intel Guru Frank26 ...they've come to the realization that a dinar is a dinar in the country no matter what. 1 to 1 to the American Dollar. They're not going to go any higher than that...once they lift the value they will bring in the three zeros with no problem...it will take years to bring in the 3 zero notes.
10-2-2019 Newshound Guru Kaperoni Iraq's Parliament announced today the 2020 budget will be submitted around middle of October for review/voting. So we'll get a good indication what they finally concluded the deficit will be. Expectations are as high as $70 billion as they attempt to launch a private sector.
10-2-2019 Newshound Guru Adam Montana ...OIL - currently WTI at $52. Stable enough, no worries there. Iraq and China was a big story last week, and it still is...There was some discussion on the topic of how Iraq will pay China. Some of the articles suggest Iraq will pay with oil, while others state it will be financed by oil...the exact method doesn't matter. What is important to understand is that Iraq has oil. That's it. [post 1 of 2....stay tuned]
10-2-2019 Intel Guru Frank26 ...It's either this week or next week where they are actually going to come out with [Lower Denom] pictures IMO...It will be Alaq...to come out and say we're ready to distribute the lower denoms...But before that, pictures and explanation of these lower denoms...
10-2-2019 Intel Guru MarkZ I feel we are so close and the waiting in these last days is very hard. We are told I may be under a NDA by midday tomorrow. I was told the NDA for people who are in the public like myself, Frank ect…may be stronger than the normal people’s NDA. So If I have to shut up...that is why. They may force me to be 100% quiet. I was told I probably will be able to post that Screen with the nest and the cash and golden egg in it with the 800 numbers...but won’t know for sure until I read the NDA...we hear anytime from now until Thursday for 800 numbers...but manage your expectations…
10-2-2019 Newshound/Intel Guru Mnt Goat Right now the rate is still being suppressed at the program rate. The program rate was supposed to be a temporary de-facto peg to the US dollar to help they through a time of high inflation and prevent hyper-inflation. The CBI has told us there is a process to getting the dinar “reinstated” and in use as an international currency once again. It is not as simple as just pulling a trigger and wamoo, the new rate appears on FOREX. [post 2 of 2]
10-2-2019 Newshound/Intel Guru Mnt Goat Just remember the banks do not make the decision for anything. They simple want the new rate to show up on FOREX and when it does they can use it “legally” to exchange customers who to come in with their currency. ...When the IQD does come back on FOREX and the other global currency exchanges it is called a “reinstatement”. The rate given hopefully will reflect the true and accurate value of the dinar. [post 1 of 2....stay tuned]
10-2-2019 Intel Guru Frank26 ...they've come to the realization that a dinar is a dinar in the country no matter what. 1 to 1 to the American Dollar. They're not going to go any higher than that...once they lift the value they will bring in the three zeros with no problem...it will take years to bring in the 3 zero notes.
10-2-2019 Newshound Guru Kaperoni Iraq's Parliament announced today the 2020 budget will be submitted around middle of October for review/voting. So we'll get a good indication what they finally concluded the deficit will be. Expectations are as high as $70 billion as they attempt to launch a private sector.
10-1-2019 Intel Guru Frank26 ...the Iraqi dinar is live on NASDAQ and Forex and a lot of currency counters...If it's on NASDAQ does it have a different rate to it? No. I told you yesterday they can come to NASDAQ with a program rate...it is now going to be on the international boards trading...the dinar is now playing with the big boys and big boys don't play with program rates...
10-1-2019 Intel/Newshound Guru sandyf It is totally irrelevant how much currency is held where, the only significant figure is the liability on the CBI that appears in their accounts. At the end of August that figure stood at over 48 trillion dinar and the IMF projection takes that figure to nearly 60 trillion over the next 5 years...
10-1-2019 Newshound Guru Kaperoni I want to point out to critical events between now and the end of the year. One is the vote through Parliament on Special Grades, the other being the 2020 budget which the supposed to include the launching of the market economy. Iraq is at a critical stage right now not only with an abundance of laws that still need to be passed, but they are in dire need to lure private investors in to rebuild. [post 2 of 2]
10-1-2019 Newshound Guru Kaperoni The Iraq government is striving to create a market economy with private investment. Doing so would bring substantial money into the country. This would create inflationary pressure on the financial system, the solution is to float the currency to relieve that pressure. It also would allow the CBI to profit by controlling the currency, buying and selling making commissions. Any kind of RV would circumvent those tools. [post 1 of 2....stay tuned]
10-1-2019 Newshound Guru Jeff [Article: A surprising new forecast for the 2020 budget deficit] ...goes into detail about the 2020 budget...I'm done looking at the year of 19 and I've already advanced into the year of 2020...they're telling you that the 2020 budget should create the conditions to support economic reform, reconstruction activities focused on immediate reforms and implementation of the government program...the government program is...all the government services after the rate change that are gonna be offered to the citizens post rate change to give them a better life...look at what they've linked to the 2020 budget...
10-1-2019 Intel Guru Frank26 ...the 3rd phase has ended pretty much as of today. These are steps that have to be done. I call them phases but the CBI is calling them blocks...I told you there were four phases. I believe we are about to start the 4th phase...the momentum of the monetary reform, it is picking up...IMO these samples/specimens that were given to the bank by the CBI...or lower denoms these are next to be seen by the citizens as part of their education. Then the real small category notes/lower denoms will be put in their hands with a change in the rate...the only step important now is for the citizens...
10-1-2019 Intel Guru MarkZ I am looking for a fantastic day…If news is as good as I expect…..you will be hearing from me again today...Today is the first…..we are waiting to find out exactly what they did get done...lots of encouraging news from Zurich…they are still expecting liquidity today...Lots of chatter that Reno was going to go... [Is this ever going to happen?] It’s always been a when…not an if...the when is really hard to wait for though... I think this is a very hopeful week for us as everything plays out.
10-1-2019 Newshound/Intel Guru Mnt Goat ...I have stated in the past that maybe in September the CBI might issue the new smaller categories if they were to follow the 2012 planned schedule. So it appears to us now they are not strictly following this plan. ...I am beginning to see that they are still moving towards an early Jan 2020 move since their accounting year begins on Jan 1st. We know they have told us through their past attempts to reinstate the dinar that this is the BEST and MOST CONVENIENT time to do so. [post 2 of 2]
10-1-2019 Newshound/Intel Guru Mnt Goat ...Well, well here we are done with September and it’s October already...Yes, the weeks and months are clicking away... They...bash me for justifying this might just go all the way until early January 2020. ...SO, WHERE DO WE SIT RIGHT NOW WITH THE RV? ...We are just waiting on the CBI to launch the smaller of the small category notes. Remember they already launched the 250, 500 and 1000 notes way back in 2003 and in 2011 they told us these notes will REMAIN in circulation as part of the smaller category notes... We are waiting for notes yet even of smaller denominations. [post 1 of 2....stay tuned]
10-1-2019 Newshound Guru Jeff ...looks like the Nasdaq/ISX news was nothing more than a software upgrade...I strongly put an emphasis for you over the weekend that the whole software thing between NASDAQ and ISX was nothing more than a software upgrade and the second item I brought to you was I told you that all the marching and protesting would amount to nothing...so far you guys are seeing that...
10-1-2019 Intel Guru Frank26 ...we're putting everyone on red alert...the lower denoms have been given the approval to be distributed among all the Iraq banks - to the citizens once the rate changes...
10-1-2019 Intel/Newshound Guru sandyf It is totally irrelevant how much currency is held where, the only significant figure is the liability on the CBI that appears in their accounts. At the end of August that figure stood at over 48 trillion dinar and the IMF projection takes that figure to nearly 60 trillion over the next 5 years...
10-1-2019 Newshound Guru Kaperoni I want to point out to critical events between now and the end of the year. One is the vote through Parliament on Special Grades, the other being the 2020 budget which the supposed to include the launching of the market economy. Iraq is at a critical stage right now not only with an abundance of laws that still need to be passed, but they are in dire need to lure private investors in to rebuild. [post 2 of 2]
10-1-2019 Newshound Guru Kaperoni The Iraq government is striving to create a market economy with private investment. Doing so would bring substantial money into the country. This would create inflationary pressure on the financial system, the solution is to float the currency to relieve that pressure. It also would allow the CBI to profit by controlling the currency, buying and selling making commissions. Any kind of RV would circumvent those tools. [post 1 of 2....stay tuned]
10-1-2019 Newshound Guru Jeff [Article: A surprising new forecast for the 2020 budget deficit] ...goes into detail about the 2020 budget...I'm done looking at the year of 19 and I've already advanced into the year of 2020...they're telling you that the 2020 budget should create the conditions to support economic reform, reconstruction activities focused on immediate reforms and implementation of the government program...the government program is...all the government services after the rate change that are gonna be offered to the citizens post rate change to give them a better life...look at what they've linked to the 2020 budget...
10-1-2019 Intel Guru Frank26 ...the 3rd phase has ended pretty much as of today. These are steps that have to be done. I call them phases but the CBI is calling them blocks...I told you there were four phases. I believe we are about to start the 4th phase...the momentum of the monetary reform, it is picking up...IMO these samples/specimens that were given to the bank by the CBI...or lower denoms these are next to be seen by the citizens as part of their education. Then the real small category notes/lower denoms will be put in their hands with a change in the rate...the only step important now is for the citizens...
10-1-2019 Intel Guru MarkZ I am looking for a fantastic day…If news is as good as I expect…..you will be hearing from me again today...Today is the first…..we are waiting to find out exactly what they did get done...lots of encouraging news from Zurich…they are still expecting liquidity today...Lots of chatter that Reno was going to go... [Is this ever going to happen?] It’s always been a when…not an if...the when is really hard to wait for though... I think this is a very hopeful week for us as everything plays out.
10-1-2019 Newshound/Intel Guru Mnt Goat ...I have stated in the past that maybe in September the CBI might issue the new smaller categories if they were to follow the 2012 planned schedule. So it appears to us now they are not strictly following this plan. ...I am beginning to see that they are still moving towards an early Jan 2020 move since their accounting year begins on Jan 1st. We know they have told us through their past attempts to reinstate the dinar that this is the BEST and MOST CONVENIENT time to do so. [post 2 of 2]
10-1-2019 Newshound/Intel Guru Mnt Goat ...Well, well here we are done with September and it’s October already...Yes, the weeks and months are clicking away... They...bash me for justifying this might just go all the way until early January 2020. ...SO, WHERE DO WE SIT RIGHT NOW WITH THE RV? ...We are just waiting on the CBI to launch the smaller of the small category notes. Remember they already launched the 250, 500 and 1000 notes way back in 2003 and in 2011 they told us these notes will REMAIN in circulation as part of the smaller category notes... We are waiting for notes yet even of smaller denominations. [post 1 of 2....stay tuned]
10-1-2019 Newshound Guru Jeff ...looks like the Nasdaq/ISX news was nothing more than a software upgrade...I strongly put an emphasis for you over the weekend that the whole software thing between NASDAQ and ISX was nothing more than a software upgrade and the second item I brought to you was I told you that all the marching and protesting would amount to nothing...so far you guys are seeing that...
10-1-2019 Intel Guru Frank26 ...we're putting everyone on red alert...the lower denoms have been given the approval to be distributed among all the Iraq banks - to the citizens once the rate changes...
9-30-2019 Newshound Guru Kaperoni ...guru Frank26 thinks something has to happen by tomorrow Oct 1st because the new FOREX/ISX agreement goes into effect. Wrong! ...It's a renewal and software agreement. Nothing more.
9-30-2019 Newshound Guru Breitling [Question: I got another email from [broker name redacted] they're currency buy back policy best rate in town ...Do you think this is a good sign for us?] Absolutely. Why would [Broker Name] send out emails trying to buy back your currency at a higher value if the market didn't demand for it? It's just a market demand. So that makes sense right? I'm telling you, people that I talk to that got into the ISX when I first got into investing in the Middle East - They wouldn't touch the dinar. Now they're all trying to get it. They can't buy it at Chase Bank like I did. So they're going out and buying it and making sure that it's all legit. That's where the demand is coming from...I'm very excited and you should be too...
9-30-2019 Intel Guru MarkZ [via PDK] Spoke to a number of Zurich contacts who expect liquidity first thing in the morning…they are convinced this is it...they hear funds are waiting for midnight and the new fiscal year to start…They feel Oct 1st was always the plan...other dates were given to keep everyone guessing… So it does look like a shotgun start. Imo. [Will you come on and tell us if everything starts at midnight.] I absolutely will...as fast as I can. People in Iraq are sick of waiting...they still believe we can go at anytime... we hear they just may try to force it this weekend...
9-30-2019 Intel Guru Frank26 So this huge demonstration starts in Al Sadar city...if they don’t get this done by Oct 1st...IMO they are really going to hear from the citizens. IMO the CBI and the GOI are in cahoots for the introduction of their monetary reform. On Oct. 1st the Nasdaq is waiting for the Iraqi dinar to show up...so they had better be there.
9-30-2019 Newshound Guru Jeff ...what the gurus do...they're sharing their opinion with you based on all the current data that has come from Iraq. But if that data changes I personally will change my mind fast and rapidly. My mind is so tuned in on what they do that I can change my mind at the blink of an eye...that's what you saw me do about a week ago. My mind changed so fast because the factual data changed fast. What that simply means is that the old information that we were studying and looking at is kind of put on the back burner...me personally I'm not focusing on that anymore. I'm looking more at the new stuff because we have a brand new set of facts and data now going forward...
9-30-2019 Newshound Guru Kaperoni The Arab Monetaty Fund is now including Iraq's stock exchange among the 17 financial markets registered within the AMF. Good news and a clear step in the right direction.
9-30-2019 Intel Guru BobTheTaxMan ...we know the CBI has set it up so they are not selling dinar outside the country at this point and time. All of these dealers...are buying dinar internally inside the United States and then reselling it. That's all they have. That's the market. They are limited now. They can't get it anymore. We also know the note count is being reduced. The accessibility to it is just not there. I realize we have not had a physical change in the value...but just take a look at the fact that the accessibility to it has become very limited. Very limited. That means somewhere down the line this thing is going to have value...
9-30-2019 Newshound Guru Breitling [Question: I got another email from [broker name redacted] they're currency buy back policy best rate in town ...Do you think this is a good sign for us?] Absolutely. Why would [Broker Name] send out emails trying to buy back your currency at a higher value if the market didn't demand for it? It's just a market demand. So that makes sense right? I'm telling you, people that I talk to that got into the ISX when I first got into investing in the Middle East - They wouldn't touch the dinar. Now they're all trying to get it. They can't buy it at Chase Bank like I did. So they're going out and buying it and making sure that it's all legit. That's where the demand is coming from...I'm very excited and you should be too...
9-30-2019 Intel Guru MarkZ [via PDK] Spoke to a number of Zurich contacts who expect liquidity first thing in the morning…they are convinced this is it...they hear funds are waiting for midnight and the new fiscal year to start…They feel Oct 1st was always the plan...other dates were given to keep everyone guessing… So it does look like a shotgun start. Imo. [Will you come on and tell us if everything starts at midnight.] I absolutely will...as fast as I can. People in Iraq are sick of waiting...they still believe we can go at anytime... we hear they just may try to force it this weekend...
9-30-2019 Intel Guru Frank26 So this huge demonstration starts in Al Sadar city...if they don’t get this done by Oct 1st...IMO they are really going to hear from the citizens. IMO the CBI and the GOI are in cahoots for the introduction of their monetary reform. On Oct. 1st the Nasdaq is waiting for the Iraqi dinar to show up...so they had better be there.
9-30-2019 Newshound Guru Jeff ...what the gurus do...they're sharing their opinion with you based on all the current data that has come from Iraq. But if that data changes I personally will change my mind fast and rapidly. My mind is so tuned in on what they do that I can change my mind at the blink of an eye...that's what you saw me do about a week ago. My mind changed so fast because the factual data changed fast. What that simply means is that the old information that we were studying and looking at is kind of put on the back burner...me personally I'm not focusing on that anymore. I'm looking more at the new stuff because we have a brand new set of facts and data now going forward...
9-30-2019 Newshound Guru Kaperoni The Arab Monetaty Fund is now including Iraq's stock exchange among the 17 financial markets registered within the AMF. Good news and a clear step in the right direction.
9-30-2019 Intel Guru BobTheTaxMan ...we know the CBI has set it up so they are not selling dinar outside the country at this point and time. All of these dealers...are buying dinar internally inside the United States and then reselling it. That's all they have. That's the market. They are limited now. They can't get it anymore. We also know the note count is being reduced. The accessibility to it is just not there. I realize we have not had a physical change in the value...but just take a look at the fact that the accessibility to it has become very limited. Very limited. That means somewhere down the line this thing is going to have value...
9-29-2019 Newshound Guru Jeff ...Iraq itself is not in charge of the timing of the rate change. External powers are...this is not the first time that they've marched and protested from being unhappy because the government is not fulfilling their promise and obligations to the citizens...over the next few weeks you're gonna see that all this marching and protesting is going to amount to nothing...
9-29-2019 Newshound Guru larrykn I was just reading the imf article iv. that kaps [Guru Kaperoni] is always talking about, I see a lot of things in there that need to get done and what they want to do...one is they want to reduce to zero the money owed to the IOC's (international oil companies) they also want to get rid of the MCP, So here is my ?. If they get rid of the MCP how can they maintain the buying and selling rates when its at 1160...they do the auctions now, using the USD, when that goes away, then what?. also the big issue I see them having was Isis. That seemed to have put a big wrench into the economy. Seems they are working on that now...but so far I have not seen where they are talking about floating a currency gradually. I see them doing other things gradually but so far and I'm still reading I don't see that about currency.
9-29-2019 BobTheTaxMan [Question: Do you think we will need receipts to claim what we have to cash in?] Absolutely not...now, if you were playing the capital gains game, yeah that would matter. But it's not. But we know and I've said it over and over, this is going to be treated as ordinary income... [NOTE: Speak with your tax professional at the appropriate time]
9-29-2019 Newshound Guru Kaperoni There's only two options on the table. Parliament has talked about doing a LOP which is a neutral event and you make no money. But if it goes up after the lop you might double your investment. Or the CBI could follow the directive from the IMF, and Float the currency. Which would allow for a gradual appreciation over several months or even years. In doing so allowing them to reduce the currency in circulation at the same time. But I assure you they'll never be a significant RV. It's just not possible. If you're serious about learning about your investment I would start with reading the IMF Article IV Consultations...
9-29-2019 Newshound/Intel Guru RVAlready ...I expect the protest will come, and Allaq will announce the RV, and everyone will celebrate.
9-29-2019 Intel Guru Frank26 All the articles you are reading today look good…but it’s OLD NEWS...it’s been done , overdone, it’s done. All I am waiting for is for them to announce the lifting of the value of their currency. Whether they announce it or whether they just do it automatically on the CBI website…That’s all I am waiting for, and that’s all my teams are waiting for…nothing else. The evidence out there is too strong to ignore.
9-29-2019 Newshound Guru Breitling ...the best numbers I can come up with and I've said this before, you're talking .51, .52, .53 cents. That makes sense because when you look at the gas [oil?] prices and you look at their budget that they have to maintain and then you look at what markets that they're in to cover all that you need at least .52, .53 cents. Think of it as almost as the same budget as Brazil. Because Brazil's currency is about 1/2 of the United States. I don't know what it is right now but it used to be back in the day [1 Brazilian Real = .24 USD] You can compare the budgets and see what they're doing...
9-29-2019 Newshound Guru larrykn I was just reading the imf article iv. that kaps [Guru Kaperoni] is always talking about, I see a lot of things in there that need to get done and what they want to do...one is they want to reduce to zero the money owed to the IOC's (international oil companies) they also want to get rid of the MCP, So here is my ?. If they get rid of the MCP how can they maintain the buying and selling rates when its at 1160...they do the auctions now, using the USD, when that goes away, then what?. also the big issue I see them having was Isis. That seemed to have put a big wrench into the economy. Seems they are working on that now...but so far I have not seen where they are talking about floating a currency gradually. I see them doing other things gradually but so far and I'm still reading I don't see that about currency.
9-29-2019 BobTheTaxMan [Question: Do you think we will need receipts to claim what we have to cash in?] Absolutely not...now, if you were playing the capital gains game, yeah that would matter. But it's not. But we know and I've said it over and over, this is going to be treated as ordinary income... [NOTE: Speak with your tax professional at the appropriate time]
9-29-2019 Newshound Guru Kaperoni There's only two options on the table. Parliament has talked about doing a LOP which is a neutral event and you make no money. But if it goes up after the lop you might double your investment. Or the CBI could follow the directive from the IMF, and Float the currency. Which would allow for a gradual appreciation over several months or even years. In doing so allowing them to reduce the currency in circulation at the same time. But I assure you they'll never be a significant RV. It's just not possible. If you're serious about learning about your investment I would start with reading the IMF Article IV Consultations...
9-29-2019 Newshound/Intel Guru RVAlready ...I expect the protest will come, and Allaq will announce the RV, and everyone will celebrate.
9-29-2019 Intel Guru Frank26 All the articles you are reading today look good…but it’s OLD NEWS...it’s been done , overdone, it’s done. All I am waiting for is for them to announce the lifting of the value of their currency. Whether they announce it or whether they just do it automatically on the CBI website…That’s all I am waiting for, and that’s all my teams are waiting for…nothing else. The evidence out there is too strong to ignore.
9-29-2019 Newshound Guru Breitling ...the best numbers I can come up with and I've said this before, you're talking .51, .52, .53 cents. That makes sense because when you look at the gas [oil?] prices and you look at their budget that they have to maintain and then you look at what markets that they're in to cover all that you need at least .52, .53 cents. Think of it as almost as the same budget as Brazil. Because Brazil's currency is about 1/2 of the United States. I don't know what it is right now but it used to be back in the day [1 Brazilian Real = .24 USD] You can compare the budgets and see what they're doing...
9-28-2019 Intel Guru Delta ...looks like the demonstration [Scheduled for Tuesday October 1st] is going to be the hugest one ever in Iraq. It's all over social media...they are talking about it like a revolutionary one...you remember what happened with Egypt...revolution. This one might be the same thing...this is very very big. This is no joke around it. They have to do something for those citizens...there might be more than 5, 6 maybe 10 million people all over. Every city every province...this is definitely good for us. Hopefully this will make the government and the Central Bank do something to move forward so the citizens can do something...everything is very sensitive for the government. We know the CBI is ready...they have to move forward before it's too late...
9-28-2019 Newshound Guru Jeff ...Our current status right now...don't forget the numbers that they're discussing for the 2020 budget include monies for Articles 140 and the HCL. This 2020 budget has post rate change monies in it...we're looking good. They're moving forward at the same pace they have throughout this entire year. Continuing to reach agreement. Continue to set the stage. Reaching stability and everything that the CBI is seeking for the rate change. So things are progressing. Looking pretty good...
9-28-2019 Intel Guru Frank26 ...China in fact it's so big. I'll tell you what, this is going to explode the Iraqi dinar. It is so big...I'm serious. What it's going to do to the value of the Iraqi Dinar is amazing...
9-28-2019 Newshound Guru Breitling [Question: You said all along that they want to get the dinar to a buck then after this time maybe more. Do you mean RI at a dollar or RI much lower and have it slowly rise to a dollar?] Not an RI. A "Reinstatement" is a reinstatement of an earlier value. That doesn't mean anything anyways...You went all the way from $3.25 all the way down to a tenth of a penny. So pick a rate...what's the original value? There's no set of rules. They want to REVALUE the currency. They never said they want to reinstate...If there are any articles out there talking about reinstating their currency it never once came from the CBI...They clearly said they'll start off and get it to a buck. Whatever it is, they want to get it to a buck. Don't worry about the "RI".
9-28-2019 Newshound Guru Kaperoni I cannot see any reason the CBI would make a move before the end of the year. Banking reforms still need to be done, laws still need to be passed, investors need to come and set up business and there is a criticle vote Oct 24 on the CBI governor...If we're lucky and Iraq succeeds in launching a market economy around the first of the year, and we see the significant transition built into the budget for 2020, then we should see the Central Bank move off the peg and begin to float the currency next year. But time will tell.
9-28-2019 Newshound Guru chattels Article: "Financial expert Safwan Qusay said that the process of economic reform in Iraq needs to adopt a new approach to combat corruption." Increasingly my thinking is that Iraq just has too many problems for our liquidity event to happen. Lack of security, instability and corruption remain constant companions for Iraq. But, who knows?
9-28-2019 Intel Guru Frank26 ...something happened about three months ago...XE converter...why would you take the rate down of the Iraqi dinar? ...We found two more areas of interest that deal with the Iraqi dinar and they're saying the same thing. So that's three we have. That's a pattern we want to pay attention to ...I think it's because it's the right time to do that...I think this pattern being broken is related to our investment...
9-28-2019 Newshound Guru Kaperoni ...technically we were very close 6-7 years ago under Shabibi...Shabibi clearly prepared, held the dinar within 2% for 14 months or so and announced he was ready to move forward. As well the World Bank launched an extensive campaign on behalf of the CBI to inform citizens. For whatever the reasons, Maliki stopped him. Everyone is aware of that.
9-28-2019 Newshound Guru Jeff ...Our current status right now...don't forget the numbers that they're discussing for the 2020 budget include monies for Articles 140 and the HCL. This 2020 budget has post rate change monies in it...we're looking good. They're moving forward at the same pace they have throughout this entire year. Continuing to reach agreement. Continue to set the stage. Reaching stability and everything that the CBI is seeking for the rate change. So things are progressing. Looking pretty good...
9-28-2019 Intel Guru Frank26 ...China in fact it's so big. I'll tell you what, this is going to explode the Iraqi dinar. It is so big...I'm serious. What it's going to do to the value of the Iraqi Dinar is amazing...
9-28-2019 Newshound Guru Breitling [Question: You said all along that they want to get the dinar to a buck then after this time maybe more. Do you mean RI at a dollar or RI much lower and have it slowly rise to a dollar?] Not an RI. A "Reinstatement" is a reinstatement of an earlier value. That doesn't mean anything anyways...You went all the way from $3.25 all the way down to a tenth of a penny. So pick a rate...what's the original value? There's no set of rules. They want to REVALUE the currency. They never said they want to reinstate...If there are any articles out there talking about reinstating their currency it never once came from the CBI...They clearly said they'll start off and get it to a buck. Whatever it is, they want to get it to a buck. Don't worry about the "RI".
9-28-2019 Newshound Guru Kaperoni I cannot see any reason the CBI would make a move before the end of the year. Banking reforms still need to be done, laws still need to be passed, investors need to come and set up business and there is a criticle vote Oct 24 on the CBI governor...If we're lucky and Iraq succeeds in launching a market economy around the first of the year, and we see the significant transition built into the budget for 2020, then we should see the Central Bank move off the peg and begin to float the currency next year. But time will tell.
9-28-2019 Newshound Guru chattels Article: "Financial expert Safwan Qusay said that the process of economic reform in Iraq needs to adopt a new approach to combat corruption." Increasingly my thinking is that Iraq just has too many problems for our liquidity event to happen. Lack of security, instability and corruption remain constant companions for Iraq. But, who knows?
9-28-2019 Intel Guru Frank26 ...something happened about three months ago...XE converter...why would you take the rate down of the Iraqi dinar? ...We found two more areas of interest that deal with the Iraqi dinar and they're saying the same thing. So that's three we have. That's a pattern we want to pay attention to ...I think it's because it's the right time to do that...I think this pattern being broken is related to our investment...
9-28-2019 Newshound Guru Kaperoni ...technically we were very close 6-7 years ago under Shabibi...Shabibi clearly prepared, held the dinar within 2% for 14 months or so and announced he was ready to move forward. As well the World Bank launched an extensive campaign on behalf of the CBI to inform citizens. For whatever the reasons, Maliki stopped him. Everyone is aware of that.
9-27-2019 Newshound Guru Kaperoni ...everyone should pay attention on Oct 24th. Parliament is set to vote on Special Grades. This is critical because the Governor of the CBI is at risk. If Parliament chooses to replace Allaq it could be a major setback. Some think otherwise..time will tell.
9-27-2019 Intel Guru Frank26 ...on [Iraqi] television and electronic billboards they're telling the citizens the ISX is about to allow the country of Iraq and its citizens to enter the international global market for trade...companies right now are pouring in...they are about to tell us they are Article VIII...NASDAQ signed a contract with the ISX to start selling internationally on October 1st...
9-27-2019 Intel Guru MarkZ [via PDK] As we understand it we almost had the trigger pulled yesterday…we have great expectation for today and tomorrow. Everything points to “soon” . I hate that word, by the way. The word “soon” seemed to mean “eternity” in Dinarland…lol
9-27-2019 Newshound Guru Kaperoni Hopefully the CBI will follow the guidance of the IMF. And I believe they will and are creating the conditions for a market economy to create pressure on the financial system allowing the currency to appreciate be a float. We certainly have seen a lot of effort the last several months by the Iraqi government to line up investment to create a private sector as well as rebuild the infrastructure. Iraq has clearly stated they need $80 billion dollars to accomplish this.
9-27-2019 Intel Guru RayRen98 NEW BANK SOURCES HAVE OPENED UP TO ME...AND BOY, ARE THEY EXCITED ABOUT BEING ASSIGNED TO "EXCHANGE LOCATION CENTERS"...TODAY! SOME 'OLD' BANK SOURCES REPORTED HAVING TO REPORT TO "EXCHANGE LOCATION CENTERS" THIS MORNING...BEFORE OPENING HOURS! BEING TOLD..."AS SOON AS THE SCREENS REAPPEAR...IT'S PARTY TIME!" (IF I DISAPPEAR ALL OF A SUDDEN...HA HA HA) HINT: BE PREPARED TO NEGOTIATE "ANY" RATE THAT IS ON THE SCREEN AT EXCHANGE TIME. PAY ATTENTION...OR BE WILLING TO PAY THE PRICE!!
9-27-2019 Intel Guru Frank26 ...I don't like to talk about politics [but]...If you get rid of President Trump you don't have an RI in Iraq. Everything is in my opinion. But in my opinion that is a fact...
9-27-2019 Newshound/Intel Guru Mnt Goat We are just waiting for the CBI to make its next move. Bank memos or news is all insignificant if the CBI does not act...Don’t you think we will see any changes first in Iraq and report on them long before the news hits the US banks? There is no conspiracy here. No secrets. The banks don’t know and will not know before any more than we know.
9-27-2019 Intel Guru Frank26 "Firefly77 Report: On Iraqi TV today the CBI is saying to us, the citizens...that they have unified all databases with the Kurdistan area with Baghdad. The main branch of the Central Bank of Iraq and NEX.(?) They will be working on Musol, and they are talking about the importance of being able to do transactions now in real time with this database... It’s all linked up." Do you know what they are talking about? Do you understand why the CBI is telling the citizens that all banks now have the same database? Because they are international now and they are under Article 8 . And they are about to tell the world by simply changing it…that they have a new exchange rate. It doesn’t have to be a big announcement. When the media finds out, they are going to take it and run with it.
9-27-2019 Intel Guru Frank26 ...on [Iraqi] television and electronic billboards they're telling the citizens the ISX is about to allow the country of Iraq and its citizens to enter the international global market for trade...companies right now are pouring in...they are about to tell us they are Article VIII...NASDAQ signed a contract with the ISX to start selling internationally on October 1st...
9-27-2019 Intel Guru MarkZ [via PDK] As we understand it we almost had the trigger pulled yesterday…we have great expectation for today and tomorrow. Everything points to “soon” . I hate that word, by the way. The word “soon” seemed to mean “eternity” in Dinarland…lol
9-27-2019 Newshound Guru Kaperoni Hopefully the CBI will follow the guidance of the IMF. And I believe they will and are creating the conditions for a market economy to create pressure on the financial system allowing the currency to appreciate be a float. We certainly have seen a lot of effort the last several months by the Iraqi government to line up investment to create a private sector as well as rebuild the infrastructure. Iraq has clearly stated they need $80 billion dollars to accomplish this.
9-27-2019 Intel Guru RayRen98 NEW BANK SOURCES HAVE OPENED UP TO ME...AND BOY, ARE THEY EXCITED ABOUT BEING ASSIGNED TO "EXCHANGE LOCATION CENTERS"...TODAY! SOME 'OLD' BANK SOURCES REPORTED HAVING TO REPORT TO "EXCHANGE LOCATION CENTERS" THIS MORNING...BEFORE OPENING HOURS! BEING TOLD..."AS SOON AS THE SCREENS REAPPEAR...IT'S PARTY TIME!" (IF I DISAPPEAR ALL OF A SUDDEN...HA HA HA) HINT: BE PREPARED TO NEGOTIATE "ANY" RATE THAT IS ON THE SCREEN AT EXCHANGE TIME. PAY ATTENTION...OR BE WILLING TO PAY THE PRICE!!
9-27-2019 Intel Guru Frank26 ...I don't like to talk about politics [but]...If you get rid of President Trump you don't have an RI in Iraq. Everything is in my opinion. But in my opinion that is a fact...
9-27-2019 Newshound/Intel Guru Mnt Goat We are just waiting for the CBI to make its next move. Bank memos or news is all insignificant if the CBI does not act...Don’t you think we will see any changes first in Iraq and report on them long before the news hits the US banks? There is no conspiracy here. No secrets. The banks don’t know and will not know before any more than we know.
9-27-2019 Intel Guru Frank26 "Firefly77 Report: On Iraqi TV today the CBI is saying to us, the citizens...that they have unified all databases with the Kurdistan area with Baghdad. The main branch of the Central Bank of Iraq and NEX.(?) They will be working on Musol, and they are talking about the importance of being able to do transactions now in real time with this database... It’s all linked up." Do you know what they are talking about? Do you understand why the CBI is telling the citizens that all banks now have the same database? Because they are international now and they are under Article 8 . And they are about to tell the world by simply changing it…that they have a new exchange rate. It doesn’t have to be a big announcement. When the media finds out, they are going to take it and run with it.
9-26-2019 Newshound Guru Bloodloch ...As far as how I still believe it will happen, some are right on the money. The slow climb of 1090 to 1 up to 1 to 1 isn't likely to occur since speculators will exert buying pressure and the secondary market would get overheated very quickly. Yet, to say that 40 trillion in IQD is suddenly worth 40 trillion USD on the foreign (or domestic) exchange can't happen either. Even the US only possesses about a 3.3 trillion USD money supply (M0) of late. The truth, I believe, will be a happy medium between the extremes of an overnight revaluation on the one hand, and a long-term crawl on the other, to find its true, happy equilibrium.
9-26-2019 Newshound Guru Jeff ...they turned around yesterday and told you that starting in February they're gonna put these financial steps and measures in place that helps reduce the funding and financing for terrorism and money laundering. They're doing it in February...that tells me they're setting the stage most likely for March because they're putting these types of steps and measures in place in February. So what I'm suggesting to you is forget about January and February for the rate change. Move your eyes after February...
9-26-2019 Newshound Guru Kaperoni ...there are at least 10 articles in the last 2 years that say that the CBI needs to float the currency...whether you believe it or not they will float the currency because that is the tool that they need if they want investment in the country. If they don't want any outside investment they don't need to float. But they expect a ...billion dollars over the next 12 to 16 months to come into Iraq that will cause inflationary pressure on their financial system...there is no ifs ands or buts about it. If that money comes in they will have significant inflationary pressure and the tool for that is to float.
9-26-2019 Intel Guru Eagleone2025 [via PDK] THERE HAS BEEN A LOT OF TROUBLE IN BRINGING THIS TOGETHER. …BEEN ON THE PHONE WITH SEVERAL SOURCES. WE KNOW THAT WE ARE VERY CLOSE. THE RELEASE IS VERY NEAR. IT HAS BEEN A LONG JOURNEY.
9-26-2019 Intel Guru MarkZ [via PDK] Zurich and one UK contact are expecting fireworks at anytime today. [Any news from Iraq?] My last update was Tuesday night...as of then there was no new rate. [Iraq IXE supposed joining in the NASDEq on Oct 1st. Heard they have to be 1/1 at least 1 to 1 or higher rate before they can be on International Stock Exchange. What do you think?] and they have to be in Article 8. I am the most excited I have been in a long time…
9-26-2019 Newshound/Intel Guru Mnt Goat A “lop” is a technical term not slang. It is a IMF currency manipulation tool they use in times of hyper-inflation. ...Iraq is controlling their inflation and keeping it at bay to + or – 2%. If they were not doing this none of this second phase of the process to delete the zeros would even be taking place in the first place. ...They must maintain the MCP to this 2% criteria in order to move forward and operate under Article 8 of the IMF UN Charter for member nations. Iraq is a member. So again how anyone can call this a “lop” I don’t know. It does not even come close to the use of the IMF term...
9-26-2019 Intel Guru Frank26 Breaking news IMO...The White House of the United States of America put this out [video with Trump and the president of Iraq]...The White House wants us to know, American citizens and the whole world to know the White House is finally talking about Iraq and this timing is perfect...I believe the White House wants everyone to know where we're at with Iraq...timing is everything...it's week number 4 in September...
9-26-2019 Intel Guru RayRen98 BANK CONTACTS ARE SAYING "NOW THROUGH SATURDAY" .... TIME WILL TELL!
9-26-2019 Newshound Guru Kaperoni ...I am 100% positive of what I say because the IMF clearly said it...if it's in print in the IMF document its 100% fact...And if you don't believe the IMF has control over the CBI and only can influence them you're wrong because in 2015 they became trustee of the CBI which has given them authority to implement monetary policy. And we have since seen such action.
9-26-2019 Newshound Guru Jeff ...they turned around yesterday and told you that starting in February they're gonna put these financial steps and measures in place that helps reduce the funding and financing for terrorism and money laundering. They're doing it in February...that tells me they're setting the stage most likely for March because they're putting these types of steps and measures in place in February. So what I'm suggesting to you is forget about January and February for the rate change. Move your eyes after February...
9-26-2019 Newshound Guru Kaperoni ...there are at least 10 articles in the last 2 years that say that the CBI needs to float the currency...whether you believe it or not they will float the currency because that is the tool that they need if they want investment in the country. If they don't want any outside investment they don't need to float. But they expect a ...billion dollars over the next 12 to 16 months to come into Iraq that will cause inflationary pressure on their financial system...there is no ifs ands or buts about it. If that money comes in they will have significant inflationary pressure and the tool for that is to float.
9-26-2019 Intel Guru Eagleone2025 [via PDK] THERE HAS BEEN A LOT OF TROUBLE IN BRINGING THIS TOGETHER. …BEEN ON THE PHONE WITH SEVERAL SOURCES. WE KNOW THAT WE ARE VERY CLOSE. THE RELEASE IS VERY NEAR. IT HAS BEEN A LONG JOURNEY.
9-26-2019 Intel Guru MarkZ [via PDK] Zurich and one UK contact are expecting fireworks at anytime today. [Any news from Iraq?] My last update was Tuesday night...as of then there was no new rate. [Iraq IXE supposed joining in the NASDEq on Oct 1st. Heard they have to be 1/1 at least 1 to 1 or higher rate before they can be on International Stock Exchange. What do you think?] and they have to be in Article 8. I am the most excited I have been in a long time…
9-26-2019 Newshound/Intel Guru Mnt Goat A “lop” is a technical term not slang. It is a IMF currency manipulation tool they use in times of hyper-inflation. ...Iraq is controlling their inflation and keeping it at bay to + or – 2%. If they were not doing this none of this second phase of the process to delete the zeros would even be taking place in the first place. ...They must maintain the MCP to this 2% criteria in order to move forward and operate under Article 8 of the IMF UN Charter for member nations. Iraq is a member. So again how anyone can call this a “lop” I don’t know. It does not even come close to the use of the IMF term...
9-26-2019 Intel Guru Frank26 Breaking news IMO...The White House of the United States of America put this out [video with Trump and the president of Iraq]...The White House wants us to know, American citizens and the whole world to know the White House is finally talking about Iraq and this timing is perfect...I believe the White House wants everyone to know where we're at with Iraq...timing is everything...it's week number 4 in September...
9-26-2019 Intel Guru RayRen98 BANK CONTACTS ARE SAYING "NOW THROUGH SATURDAY" .... TIME WILL TELL!
9-26-2019 Newshound Guru Kaperoni ...I am 100% positive of what I say because the IMF clearly said it...if it's in print in the IMF document its 100% fact...And if you don't believe the IMF has control over the CBI and only can influence them you're wrong because in 2015 they became trustee of the CBI which has given them authority to implement monetary policy. And we have since seen such action.
9-25-2019 Newshound Guru Adam Montana The amount of the agreements amounts to some $500 billion (on the surface). Is this China investing in a poor, tattered, and hopeless nation? Or is it China investing in a resource rich and soon to be powerful ally? Quote: "China, according to the recent agreements will be one of the largest importers of Iraqi oil, and today imports up to 800 thousand barrels of oil per day from Iraq and I expect to rise to one million next year." ...The multi-million dinar question at this point may be as simple as this: "If China invests 500 billion into Iraq, does Iraq want to pay it back in Pre or Post RV dinars?"... [post 2 of 2]
9-25-2019 Newshound Guru Adam Montana For some time now I have personally had my eye on Iraq's dealings with other countries, much like many of you have. When it was announced that Iraqi officials were making a special trip to China for some specialized talks, it really perked me up! ...Since then, the China news has just gotten hotter and hotter! Of course none of us knows exactly how this is going to shake out, but it's undeniable that some major movements are taking place... [post 1 of 2....stay tuned]
9-25-2019 Newshound Guru Jeff ...Iraq is back to being as busy as can be right now. Basically what this is telling me is they need the remainder of this entire year of 2019 to finish setting the stage for the rate change... they're gonna need the remainder of this year to do it. Regarding the Education Minister, IMO, they will not even finish that until next year probably around Q1 of next year...so you might as well direct your focus to 2020.
9-25-2019 Intel Guru MarkZ [What are you hearing on the dong rate?] I hear it will roll out over there at about .47 but our contract rates will put it in the low $2.00 range. [How long do you think we will have to exchange?] We are hearing we will have 45 days to do our exchanges and 45 days to finish... We hear they want to make sure they have plenty of time to exchange. [Are we going to the banks this week?] Wish I could say yes for sure...IMO we will...but that’s just an opinion.
[post 2 of 2]
9-25-2019 Intel Guru MarkZ [via PDK] We are watching this thing roll out in an amazing way IMO. We are hearing that audits in the US caused a slight stall but we are still in an anytime mode. I have nothing negative to say... I would not be surprised to get a call at anytime saying here is your 800 numbers...go …Still hearing the dinar street rate will be about $3.91 with our contract rate a few dollars higher in the US. [post 1 of 2....stay tuned]
9-25-2019 Intel Guru Frank26 ...the CBI laid out step-by-step-by-step of what they were going to do with monetary reform...they called them phases. There's three phases they said. Phase II according to our firefly came to an end Saturday. Phase III is about to commence...We are in the 4th week of September that's phase III. What happened yesterday started Phase III pretty much. Yesterday the CBI told the citizens, 'look, we plastered out everywhere - you need to be ready...'
9-25-2019 Newshound/Intel Guru Mnt Goat ...these older 3 zero notes will “coincide” with the new smaller category notes. They will NOT be worthless even at a change to the program rate. Heck, even now they are not worthless. This is a bonified currency. As investors this first step does not mean much to us but does tell us there is no turning back unless they suddenly have massive inflation as a result of it. They probably won’t. So there will be waiting period to check for the inflation. My CBI contact told me it could be 3 days, 3 weeks or 3 months. Who knows until they do the program rate change. [post 2 of 2]
9-25-2019 Newshound/Intel Guru Mnt Goat Okay so let me go over this stage of the process to delete the zeros once more time... If the CBI program rate is .00083 then after they delete the zeros it will be .83 or 83 cents. They plan to first do this next step prior to the reinstatement. ...The new smaller category note of 25 will equal the same rate as the 25,000 was. So 25 dinar note x .83 = $20.75 in USD. Now after this CBI program rate changes, Iraqi citizens can then take their 25,000 notes to the bank and turn them in. They will be worth 25,000 x .83 = $20,750.00 in USD. [post 1 of 2....stay tuned]
9-25-2019 Newshound Guru Adam Montana For some time now I have personally had my eye on Iraq's dealings with other countries, much like many of you have. When it was announced that Iraqi officials were making a special trip to China for some specialized talks, it really perked me up! ...Since then, the China news has just gotten hotter and hotter! Of course none of us knows exactly how this is going to shake out, but it's undeniable that some major movements are taking place... [post 1 of 2....stay tuned]
9-25-2019 Newshound Guru Jeff ...Iraq is back to being as busy as can be right now. Basically what this is telling me is they need the remainder of this entire year of 2019 to finish setting the stage for the rate change... they're gonna need the remainder of this year to do it. Regarding the Education Minister, IMO, they will not even finish that until next year probably around Q1 of next year...so you might as well direct your focus to 2020.
9-25-2019 Intel Guru MarkZ [What are you hearing on the dong rate?] I hear it will roll out over there at about .47 but our contract rates will put it in the low $2.00 range. [How long do you think we will have to exchange?] We are hearing we will have 45 days to do our exchanges and 45 days to finish... We hear they want to make sure they have plenty of time to exchange. [Are we going to the banks this week?] Wish I could say yes for sure...IMO we will...but that’s just an opinion.
[post 2 of 2]
9-25-2019 Intel Guru MarkZ [via PDK] We are watching this thing roll out in an amazing way IMO. We are hearing that audits in the US caused a slight stall but we are still in an anytime mode. I have nothing negative to say... I would not be surprised to get a call at anytime saying here is your 800 numbers...go …Still hearing the dinar street rate will be about $3.91 with our contract rate a few dollars higher in the US. [post 1 of 2....stay tuned]
9-25-2019 Intel Guru Frank26 ...the CBI laid out step-by-step-by-step of what they were going to do with monetary reform...they called them phases. There's three phases they said. Phase II according to our firefly came to an end Saturday. Phase III is about to commence...We are in the 4th week of September that's phase III. What happened yesterday started Phase III pretty much. Yesterday the CBI told the citizens, 'look, we plastered out everywhere - you need to be ready...'
9-25-2019 Newshound/Intel Guru Mnt Goat ...these older 3 zero notes will “coincide” with the new smaller category notes. They will NOT be worthless even at a change to the program rate. Heck, even now they are not worthless. This is a bonified currency. As investors this first step does not mean much to us but does tell us there is no turning back unless they suddenly have massive inflation as a result of it. They probably won’t. So there will be waiting period to check for the inflation. My CBI contact told me it could be 3 days, 3 weeks or 3 months. Who knows until they do the program rate change. [post 2 of 2]
9-25-2019 Newshound/Intel Guru Mnt Goat Okay so let me go over this stage of the process to delete the zeros once more time... If the CBI program rate is .00083 then after they delete the zeros it will be .83 or 83 cents. They plan to first do this next step prior to the reinstatement. ...The new smaller category note of 25 will equal the same rate as the 25,000 was. So 25 dinar note x .83 = $20.75 in USD. Now after this CBI program rate changes, Iraqi citizens can then take their 25,000 notes to the bank and turn them in. They will be worth 25,000 x .83 = $20,750.00 in USD. [post 1 of 2....stay tuned]
9-24-2019 Newshound Guru Kaperoni [So Parliament can go against the CBI and do that?] no...if the CBI wants to remove the zeros...LOP...they need Parliament approval to do so because it affects the entire country including globally. It is the same thing when you see other laws being passed in Iraq when the government comes forward and says Parliament needs to approve because it's significant, it affects the country a law is required to LOP. But I'm not saying they're going to LOP I'm saying that that is an option but a significant RV is not an option. You can also go look at any other countries including Middle East countries when they remove the zeros from the notes...LOP. They also had to pass a law to do so. [post 2 of 2]
9-24-2019 Newshound Guru Kaperoni If you knew anything about Iraq you would know the CBI is independent. To some degree monetary policy is the responsibility of the CBI. But that being said if there were going to remove the zeros off of the notes it would require Parliament approval ...in other words if they're going to LOP... Parliament would have to approve or pass a law. That is what these articles are talking about otherwise there would be no need if they were going to RV...the CBI simply could do it on its own. [post 1 of 2....stay tuned]
9-24-2019 Intel Guru Frank26 ...by the CBI's note count, what they needed in the market for the redenomination/revaluation...is already in circulation in Iraq's markets. Therefore a freeze of these 250, 500 and 1000 was imposed. The number of these denominations and value are where they need to be for the RD/RV and for the introduction of the new small category notes...In other words...we are ready to launch this sucker!
9-24-2019 Intel Guru MarkZ [via PDK] I got an update from Isaac...in Zurich...tomorrow should be the day... I also have 2 other Europe contacts that expect full blown funding tomorrow morning. My contact who works on power plants and infrastructure in Iraq says no new rate as of yet...I am hearing ...that we should be moving by tomorrow...I heard that Dinar was in the $3.90 to $4 range street rate with the contract rate being a couple dollars higher possibly...for the Dong I am still hearing from .47 to $2.25...
9-24-2019 Newshound Guru Adam Montana Article: "China Energy Corporation: ready to rebuild infrastructure in Iraq " China. Iraqi infrastructure. This is getting hotter by the minute.
9-24-2019 Newshound Guru Vital Brad ...the XE converter that I check in all my videos. I did the exact same process and they've changed their format...in a process that appears it's getting ready so that you can actually exchange and use the Iraq currency like the other currencies on their site...It's got mid-market rates. Live rate. 1 USD = 1191. There's a transfer fee. But then right now it says, "Unfortunately we are not able to provide online money transfers from USD to IQD at this time." I've never see that before. That's an exciting change...
9-24-2019 Newshound Guru Jeff ...I'm no longer looking at September. I'm looking ahead past September...yesterday an article came out saying that they're gonna replace current smaller categories in circulation. The 250s, the 500s, the 1000 denoms...has nothing to do with the rate change...the ones currently in circulation are getting worn out...If Iraq had intentions or planned to change the rate during the year 2019 do you still think they would be replacing the notes...? From my own opinion that could suggest to me that they might not have intentions of changing the rate during the year of 2019. That might suggest they have intentions of doing it during the year 2020...I'm gonna bring you everything...this isn't good or bad. This is the reality with this investment...we have to set our emotions aside in this...if we can't set our emotions aside we probably shouldn't be in this.
9-24-2019 Intel Guru Frank26 ...IMO In this phase, since the education phase 2 is over, this phase is now to send to these banks the new small category notes. To teach them about these new small category notes. Ain't no body seen them...I think this is in process right now or it's been complete or it's about to start and I believe once that's done (it's only a one day class) that information is going to trickle down from the CBI to the bank echelon, to bank management, to tellers, and to the citizens...
9-24-2019 Intel Guru MarkZ [Do we need to have an announcement of the Gold standard before we see the reset?] I would expect an RV/reset first then an announcement on the Gold Standard/asset backed currency a couple of days later...imo.
9-24-2019 Intel/Newshound Guru sandyf ...There is a lot of confusion over co-existence. Initially dual pricing will come into effect where both currencies are accepted in retail outlets. This will only happen for so long, possibly about a year. thereafter the old currency can only be exchanged at designated banks, that is where the 10 years would come in. Internationally it is a different ball game all together. A country can only have one national currency and international banks will only exchange the national currency. The day a redenomination takes place the IQD will no longer be the national currency. As I have said before as far as redenomination goes, Iraq faces an extremely complex problem with regards to the amount of currency outside the country, something that no other country that has redenominated has had to deal with.
9-24-2019 Newshound Guru Kaperoni If you knew anything about Iraq you would know the CBI is independent. To some degree monetary policy is the responsibility of the CBI. But that being said if there were going to remove the zeros off of the notes it would require Parliament approval ...in other words if they're going to LOP... Parliament would have to approve or pass a law. That is what these articles are talking about otherwise there would be no need if they were going to RV...the CBI simply could do it on its own. [post 1 of 2....stay tuned]
9-24-2019 Intel Guru Frank26 ...by the CBI's note count, what they needed in the market for the redenomination/revaluation...is already in circulation in Iraq's markets. Therefore a freeze of these 250, 500 and 1000 was imposed. The number of these denominations and value are where they need to be for the RD/RV and for the introduction of the new small category notes...In other words...we are ready to launch this sucker!
9-24-2019 Intel Guru MarkZ [via PDK] I got an update from Isaac...in Zurich...tomorrow should be the day... I also have 2 other Europe contacts that expect full blown funding tomorrow morning. My contact who works on power plants and infrastructure in Iraq says no new rate as of yet...I am hearing ...that we should be moving by tomorrow...I heard that Dinar was in the $3.90 to $4 range street rate with the contract rate being a couple dollars higher possibly...for the Dong I am still hearing from .47 to $2.25...
9-24-2019 Newshound Guru Adam Montana Article: "China Energy Corporation: ready to rebuild infrastructure in Iraq " China. Iraqi infrastructure. This is getting hotter by the minute.
9-24-2019 Newshound Guru Vital Brad ...the XE converter that I check in all my videos. I did the exact same process and they've changed their format...in a process that appears it's getting ready so that you can actually exchange and use the Iraq currency like the other currencies on their site...It's got mid-market rates. Live rate. 1 USD = 1191. There's a transfer fee. But then right now it says, "Unfortunately we are not able to provide online money transfers from USD to IQD at this time." I've never see that before. That's an exciting change...
9-24-2019 Newshound Guru Jeff ...I'm no longer looking at September. I'm looking ahead past September...yesterday an article came out saying that they're gonna replace current smaller categories in circulation. The 250s, the 500s, the 1000 denoms...has nothing to do with the rate change...the ones currently in circulation are getting worn out...If Iraq had intentions or planned to change the rate during the year 2019 do you still think they would be replacing the notes...? From my own opinion that could suggest to me that they might not have intentions of changing the rate during the year of 2019. That might suggest they have intentions of doing it during the year 2020...I'm gonna bring you everything...this isn't good or bad. This is the reality with this investment...we have to set our emotions aside in this...if we can't set our emotions aside we probably shouldn't be in this.
9-24-2019 Intel Guru Frank26 ...IMO In this phase, since the education phase 2 is over, this phase is now to send to these banks the new small category notes. To teach them about these new small category notes. Ain't no body seen them...I think this is in process right now or it's been complete or it's about to start and I believe once that's done (it's only a one day class) that information is going to trickle down from the CBI to the bank echelon, to bank management, to tellers, and to the citizens...
9-24-2019 Intel Guru MarkZ [Do we need to have an announcement of the Gold standard before we see the reset?] I would expect an RV/reset first then an announcement on the Gold Standard/asset backed currency a couple of days later...imo.
9-24-2019 Intel/Newshound Guru sandyf ...There is a lot of confusion over co-existence. Initially dual pricing will come into effect where both currencies are accepted in retail outlets. This will only happen for so long, possibly about a year. thereafter the old currency can only be exchanged at designated banks, that is where the 10 years would come in. Internationally it is a different ball game all together. A country can only have one national currency and international banks will only exchange the national currency. The day a redenomination takes place the IQD will no longer be the national currency. As I have said before as far as redenomination goes, Iraq faces an extremely complex problem with regards to the amount of currency outside the country, something that no other country that has redenominated has had to deal with.
9-23-2019 Newshound Guru Adam Montana ...I have seen a major opportunity in the value of the Iraqi Dinar for a long time. Many of you do as well. As a community we have weathered a lot of delays, but that doesn’t take away from the potential. The Dinar is going to raise in value. It’s simply a matter of “when” and “how much”.
9-23-2019 Intel Guru Frank26 ...What Iraq is doing is introducing a new small category note to replace the old three zero notes because those three zero notes are going to become as extinct as a brontosaurus. They'll eventually fade away...you can not use the three zero notes with the new rate that they're going to introduce...
9-23-2019 Intel Guru BobTheTaxMan ...people ask me all the time what is the best way to be able to deal with this event [the dinar rv] in the very near future?...The primary thing I want everyone to understand is the taxation on this particular currency...falls under specific regulations that is separate from ordinary investment returns...this particular currency is being handled and looked at as a non-compliant exotic situation. Therefore it doesn't get to have the tributes that are required to have to make it a long term capital gain. So anyone who is still caught up in that particular idea that this is going to be treated this way needs to understand it's not... [NOTE: Speak to your tax professional at the appropriate time!]
9-23-2019 Intel Guru MarkZ As of yesterday there was no new value in Iraq yet. No update from Isaac is Zurich for over a week…I really hope he was paid and is under a NDA. My contacts at the redemption centers did not work last weekend. There is a rumor that new 800 numbers went to key people over the weekend but I did not get one…so have no idea. I hear US Marshalls will ring the closing bell today at the NYSE...Melania ringing the opening bell and US Marshalls ringing the closing bell could be a sign……let’s hope it is...
9-23-2019 Newshound Guru Adam Montana Iraq is meeting with China this week, and China may be stepping in to develop some infrastructure in Iraq...Seriously - China building roads or other essential things in Iraq...it's just the tip of the iceberg. It's a tiny piece of the complex picture that makes it possible for Iraq to increase the value of their currency...This China thing could be a MAJOR jump ahead for Iraq if it’s done right. ...China isn’t new to this game. Neither is Iraq...Iraq also has a neat position in the world, and I think we all know what that is. And now I hope you can understand how they could easily use China to help them focus on their true assets, and make some major moves forward...This could all be happening in the next week or so. It’s going to happen quickly when it does...
9-23-2019 Newshound Guru Jeff ...Iraq just shifted gears on you...they have to have a permanent completed formed government without proxy positions...the Education Minister has to be voted in and then as of this morning the news is telling you that "temporary" does not mean "stability". They have to get rid of the temporary proxy positions during the month of October...basically they're telling you they have a drop dead date of October 24th...this throws a curve-ball into things...
9-23-2019 Intel Guru Frank26 ...What Iraq is doing is introducing a new small category note to replace the old three zero notes because those three zero notes are going to become as extinct as a brontosaurus. They'll eventually fade away...you can not use the three zero notes with the new rate that they're going to introduce...
9-23-2019 Intel Guru BobTheTaxMan ...people ask me all the time what is the best way to be able to deal with this event [the dinar rv] in the very near future?...The primary thing I want everyone to understand is the taxation on this particular currency...falls under specific regulations that is separate from ordinary investment returns...this particular currency is being handled and looked at as a non-compliant exotic situation. Therefore it doesn't get to have the tributes that are required to have to make it a long term capital gain. So anyone who is still caught up in that particular idea that this is going to be treated this way needs to understand it's not... [NOTE: Speak to your tax professional at the appropriate time!]
9-23-2019 Intel Guru MarkZ As of yesterday there was no new value in Iraq yet. No update from Isaac is Zurich for over a week…I really hope he was paid and is under a NDA. My contacts at the redemption centers did not work last weekend. There is a rumor that new 800 numbers went to key people over the weekend but I did not get one…so have no idea. I hear US Marshalls will ring the closing bell today at the NYSE...Melania ringing the opening bell and US Marshalls ringing the closing bell could be a sign……let’s hope it is...
9-23-2019 Newshound Guru Adam Montana Iraq is meeting with China this week, and China may be stepping in to develop some infrastructure in Iraq...Seriously - China building roads or other essential things in Iraq...it's just the tip of the iceberg. It's a tiny piece of the complex picture that makes it possible for Iraq to increase the value of their currency...This China thing could be a MAJOR jump ahead for Iraq if it’s done right. ...China isn’t new to this game. Neither is Iraq...Iraq also has a neat position in the world, and I think we all know what that is. And now I hope you can understand how they could easily use China to help them focus on their true assets, and make some major moves forward...This could all be happening in the next week or so. It’s going to happen quickly when it does...
9-23-2019 Newshound Guru Jeff ...Iraq just shifted gears on you...they have to have a permanent completed formed government without proxy positions...the Education Minister has to be voted in and then as of this morning the news is telling you that "temporary" does not mean "stability". They have to get rid of the temporary proxy positions during the month of October...basically they're telling you they have a drop dead date of October 24th...this throws a curve-ball into things...
9-22-2019 Intel Guru RayRen98 Even though it's Sunday and MOST banks are closed up tight today...Some exchangers did report to their respective exchange center locations and have been working "on location" for seven straight days now, hmmmmmm? A bank in Virginia was reported having a full parking lot and armed security officers escorting people to their cars as they exited the bank. Say What?
9-22-2019 Intel/Newshound Guru sandyf "Five Trillion Dinars in Circulation Now, Tlar Saleh" People really need to understand the difference between currency in circulation and currency circulated. The CBI accounts show an amount in respect of their liability for currency in circulation which includes all currency such as bank deposits and out of the country. The article is referring to circulated currency, do people really think that currency in bank accounts and out of Iraq gets worn out and damaged and in need of replacement. As for the auctions, just part of the circulation mechanism. One of the methods used to convert the USD income revenue into dinar to fund the budget. The 2019 budget was around 130 Trillion dinar, where does the money come from if not from converting USD to dinar.
9-22-2019 Newshound Guru Adam Montana [Will the Dinar come out around .01 cent to.10 cents to the USD, then float from there?] I think I've heard people suggest 10 cents to the dollar...I'll dig around and see if I can find a source...
9-22-2019 Newshound/Intel Guru Mnt Goat Article: "MOHAMMED SALEH: THE DEFICITS IN THE BUDGET HYPOTHETICAL, AND THAT THE FINANCIAL SITUATION OF IRAQ IS REASSURING AND DOES NOT THREATEN FINANCIAL SUSTAINABILITY" Quote: "the reserve of the central bank along with the reserve of the government amounted to 87 billion dollars, and this is very positive gives a great resilience to the state in the most difficult circumstances." So the TRUTH will set you FREE. No real deficit and plenty of money to re-mint the needed coins. But we know from 2012 there are already plenty of coins to launch to begin the process anyhow. How was DR shabibi going to do this in September of 2012 anyhow if there was no coins already minted? ...Remember there is opposition to changing the currency and some are happy with the current level of corruption. Why? Because they are in on the take.
9-22-2019 Newshound Guru Kaperoni ...The CBI publishes a quarterly report showing how much dinar, the IMF publishes a yearly report. And several news articles over the years have come out and told as well how much dinar is in circulation. All three of those add up to a pretty factual statement that 42 + trillion exists. And again nobody has proven once that that amount is wrong. Even if the 42 + trillion was wrong and it was say 10 trillion it's still too much money for Iraq to ever significantly RV. No country can support 1 trillion in currency let alone 42. ...they'll never significantly RV it's not possible...they could Lop or do what the IMF proposed which is float and in my opinion is the most likely due to the fact that they are working behind the scenes to create a market economy to create the conditions for a float.
9-22-2019 Intel/Newshound Guru sandyf "Five Trillion Dinars in Circulation Now, Tlar Saleh" People really need to understand the difference between currency in circulation and currency circulated. The CBI accounts show an amount in respect of their liability for currency in circulation which includes all currency such as bank deposits and out of the country. The article is referring to circulated currency, do people really think that currency in bank accounts and out of Iraq gets worn out and damaged and in need of replacement. As for the auctions, just part of the circulation mechanism. One of the methods used to convert the USD income revenue into dinar to fund the budget. The 2019 budget was around 130 Trillion dinar, where does the money come from if not from converting USD to dinar.
9-22-2019 Newshound Guru Adam Montana [Will the Dinar come out around .01 cent to.10 cents to the USD, then float from there?] I think I've heard people suggest 10 cents to the dollar...I'll dig around and see if I can find a source...
9-22-2019 Newshound/Intel Guru Mnt Goat Article: "MOHAMMED SALEH: THE DEFICITS IN THE BUDGET HYPOTHETICAL, AND THAT THE FINANCIAL SITUATION OF IRAQ IS REASSURING AND DOES NOT THREATEN FINANCIAL SUSTAINABILITY" Quote: "the reserve of the central bank along with the reserve of the government amounted to 87 billion dollars, and this is very positive gives a great resilience to the state in the most difficult circumstances." So the TRUTH will set you FREE. No real deficit and plenty of money to re-mint the needed coins. But we know from 2012 there are already plenty of coins to launch to begin the process anyhow. How was DR shabibi going to do this in September of 2012 anyhow if there was no coins already minted? ...Remember there is opposition to changing the currency and some are happy with the current level of corruption. Why? Because they are in on the take.
9-22-2019 Newshound Guru Kaperoni ...The CBI publishes a quarterly report showing how much dinar, the IMF publishes a yearly report. And several news articles over the years have come out and told as well how much dinar is in circulation. All three of those add up to a pretty factual statement that 42 + trillion exists. And again nobody has proven once that that amount is wrong. Even if the 42 + trillion was wrong and it was say 10 trillion it's still too much money for Iraq to ever significantly RV. No country can support 1 trillion in currency let alone 42. ...they'll never significantly RV it's not possible...they could Lop or do what the IMF proposed which is float and in my opinion is the most likely due to the fact that they are working behind the scenes to create a market economy to create the conditions for a float.
9-21-2019 Newshound Guru Whitelions the news coming out is Fantastic we all should be very excited...
9-21-2019 Newshound/Intel Guru Mnt Goat ...I am reassuring everyone now that the step following this one is to reinstate the IQD and NOT to move the program rate to the exchanges such as FOREX but rather to re-peg the IQD to an SDR basket. This and only this, is what is going to force the rate to change from the program rate they have today...If all goes according to their target dates this could occur any day now. We are already in mid-September. But remember this is not the reinstatement and we can not yet go to the bank to exchange. This is solely going to happen inside Iraq...They are also not going to post anything in the Gazette when the reinstatement happens. It will appear in the news channels as this is the place for this kind of news. The Official Iraqi Gazatte is NOT a news source. [post 2 of 2]
9-21-2019 Newshound/Intel Guru Mnt Goat ...I have said over and over again that the next step is to issue the smaller of the small category notes and coins (250,500 and 1000 already issued) and then to change the program rate by deleting the zeros. For instance, a program rate of .00083 will become .83 or 83 cents. It will still remain pegged at the de-facto peg solely to the US dollar at this point, as it is today. ...Is this changing the rate? Yes... The goal of the CBI is to monitor the inflation rate after they make this next move. This could be 3 days, 3 weeks or 3 months. My take is it will be about a week... [post 1 of 2....stay tuned]
9-21-2019 Newshound Guru Jeff ...if you look at what Iraq has started going through September and then what they have slated for October...just based on facts using common sense...reaching the end of September is kind of an ending period and starting at the beginning of October is more of a new beginning period because look at 10-1, they have that new NASDAQ software coming online. They have a brand new CBI governor coming on board...10-1 is more of a new starting period versus September...
9-21-2019 Newshound Guru Kaperoni Quote: ..."staff encouraged the authorities to consider creating 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 asking the CBI to create the conditions to float the currency to allow it to appreciate based on the Balassa -Samuelson effect... [Post 2 of 2]
9-21-2019 Newshound Guru Kaperoni If they launch the market economy as they have been aggressively trying to move towards and have presented it to be included in the budget of 2020, then I see no reason for a LOP...at that point I would see the CBI...moving to a float to allow the currency to appreciate to offset inflationary pressure created by that influx of capital...Remember the number one job of the CBI is to maintain monetary policy and reduce inflation...The IMF is specifically referencing the Balassa -Samuelson effect as the outcome for the dinar. That is a fact... [Post 1 of 2]
9-21-2019 Newshound/Intel Guru Mnt Goat ...I am reassuring everyone now that the step following this one is to reinstate the IQD and NOT to move the program rate to the exchanges such as FOREX but rather to re-peg the IQD to an SDR basket. This and only this, is what is going to force the rate to change from the program rate they have today...If all goes according to their target dates this could occur any day now. We are already in mid-September. But remember this is not the reinstatement and we can not yet go to the bank to exchange. This is solely going to happen inside Iraq...They are also not going to post anything in the Gazette when the reinstatement happens. It will appear in the news channels as this is the place for this kind of news. The Official Iraqi Gazatte is NOT a news source. [post 2 of 2]
9-21-2019 Newshound/Intel Guru Mnt Goat ...I have said over and over again that the next step is to issue the smaller of the small category notes and coins (250,500 and 1000 already issued) and then to change the program rate by deleting the zeros. For instance, a program rate of .00083 will become .83 or 83 cents. It will still remain pegged at the de-facto peg solely to the US dollar at this point, as it is today. ...Is this changing the rate? Yes... The goal of the CBI is to monitor the inflation rate after they make this next move. This could be 3 days, 3 weeks or 3 months. My take is it will be about a week... [post 1 of 2....stay tuned]
9-21-2019 Newshound Guru Jeff ...if you look at what Iraq has started going through September and then what they have slated for October...just based on facts using common sense...reaching the end of September is kind of an ending period and starting at the beginning of October is more of a new beginning period because look at 10-1, they have that new NASDAQ software coming online. They have a brand new CBI governor coming on board...10-1 is more of a new starting period versus September...
9-21-2019 Newshound Guru Kaperoni Quote: ..."staff encouraged the authorities to consider creating 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 asking the CBI to create the conditions to float the currency to allow it to appreciate based on the Balassa -Samuelson effect... [Post 2 of 2]
9-21-2019 Newshound Guru Kaperoni If they launch the market economy as they have been aggressively trying to move towards and have presented it to be included in the budget of 2020, then I see no reason for a LOP...at that point I would see the CBI...moving to a float to allow the currency to appreciate to offset inflationary pressure created by that influx of capital...Remember the number one job of the CBI is to maintain monetary policy and reduce inflation...The IMF is specifically referencing the Balassa -Samuelson effect as the outcome for the dinar. That is a fact... [Post 1 of 2]
9-20-2019 Newshound Guru MiliiaMan Article: "Trump imposes sanctions on Iran's central bank and reveals another package" I hope everyone realizes just what this means. Trump has neutered the Iranian National Bank. How? Well, Iran is one of Iraq's largest trading partners and has massive amounts of Dinar. They clearly will have a hard time making any money off the re in statement of Iraq IQD with sanctions on!! The timing of this is massive imo...
9-20-2019 Newshound Guru larrykn If they get rid of the auctions with all the money they make on it, what are they going to replace it with when they stop the auctions and having a rate that starts at where it is now and has to take at least a year to get to a rate that they can compete with the world as per Kap [Guru Kaperoni]. ...I'm not sure how that will work out...to me they need a rate that they can compete with the world other wise the system will just not work...not when companies come in to do business with them.
9-20-2019 Guest Guru Mike Cottrell [via PDK] [Many people are asking about the 275 billion the Fed has sunk into the overnight lending markets this week...What are your thoughts on this?] Basically the banks are not liquid and My thoughts are they anticipating this revaluation…this reset is about to happen...I see this as the banks have no cash that they need to pay out for the exchanges. So they hit the Fed up for cash to pay us…to pay out so it’s not on their balance sheets…it’s on the Fed’s. They have been hitting the Fed for the last 3 days and I feel they will hit them up for more so they can pay out all the SKR’s and contract needs. It’s another way to force the issue.
9-20-2019 Intel Guru MarkZ [via PDK] Today is one of those days that we will be watching closely. Reno is still really quiet...rumors that 800 numbers could come out today through tomorrow.
9-20-2019 Newshound Guru Jeff ...Based on news we could not be at a better point in this investment. We are in the best position we've ever been in. Iraq is at the end of the road right now. Based on their own news they have reached the end of their road. Either they have to release news telling us that they're going to start something new or they're at a point where they just have to finish the formation of the government so they're no longer boxed in that corner and they can advance to their new beginning which is the rate change. We look amazing. We have to see this play out. The current period that we're in right now is the best news we've every had throughout the history of this investment. It does not get any better than this. Next week is going to be red hot...
9-20-2019 Newshound Guru Kaperoni Anything is possible in Iraq. But considering the IMF is the trustee over the CBI it is unlikely a LOP would be something the IMF would approve of. I would only see that occurring if the economic conditions failed for the development of the market economy and left no other option...If they launch the market economy as they have been aggressively trying to move towards and have presented it to be included in the budget of 2020, then I see no reason for a LOP...
9-20-2019 Newshound Guru Adam Montana There are some rumblingsssss right now! This recent development with China may be “more than meets the eye”, and I’m hearing some encouraging things about the oil law...I don’t want to get too giddy right now, but we might have a heck of a week coming up.
9-20-2019 Newshound Guru larrykn If they get rid of the auctions with all the money they make on it, what are they going to replace it with when they stop the auctions and having a rate that starts at where it is now and has to take at least a year to get to a rate that they can compete with the world as per Kap [Guru Kaperoni]. ...I'm not sure how that will work out...to me they need a rate that they can compete with the world other wise the system will just not work...not when companies come in to do business with them.
9-20-2019 Guest Guru Mike Cottrell [via PDK] [Many people are asking about the 275 billion the Fed has sunk into the overnight lending markets this week...What are your thoughts on this?] Basically the banks are not liquid and My thoughts are they anticipating this revaluation…this reset is about to happen...I see this as the banks have no cash that they need to pay out for the exchanges. So they hit the Fed up for cash to pay us…to pay out so it’s not on their balance sheets…it’s on the Fed’s. They have been hitting the Fed for the last 3 days and I feel they will hit them up for more so they can pay out all the SKR’s and contract needs. It’s another way to force the issue.
9-20-2019 Intel Guru MarkZ [via PDK] Today is one of those days that we will be watching closely. Reno is still really quiet...rumors that 800 numbers could come out today through tomorrow.
9-20-2019 Newshound Guru Jeff ...Based on news we could not be at a better point in this investment. We are in the best position we've ever been in. Iraq is at the end of the road right now. Based on their own news they have reached the end of their road. Either they have to release news telling us that they're going to start something new or they're at a point where they just have to finish the formation of the government so they're no longer boxed in that corner and they can advance to their new beginning which is the rate change. We look amazing. We have to see this play out. The current period that we're in right now is the best news we've every had throughout the history of this investment. It does not get any better than this. Next week is going to be red hot...
9-20-2019 Newshound Guru Kaperoni Anything is possible in Iraq. But considering the IMF is the trustee over the CBI it is unlikely a LOP would be something the IMF would approve of. I would only see that occurring if the economic conditions failed for the development of the market economy and left no other option...If they launch the market economy as they have been aggressively trying to move towards and have presented it to be included in the budget of 2020, then I see no reason for a LOP...
9-20-2019 Newshound Guru Adam Montana There are some rumblingsssss right now! This recent development with China may be “more than meets the eye”, and I’m hearing some encouraging things about the oil law...I don’t want to get too giddy right now, but we might have a heck of a week coming up.
9-19-2019 Intel Guru Frank26 ...now it [The Iraqi dinar] is being primed and it looks like the CBI is telling us they're ready to introduce new smaller category notes and fils which can only be done if they lift the three zeros from their exchange rate. They've done a pretty good job of lifting the three zeros from the street. Those are the two areas they are being lifted...they just said a few days ago, 'we have so much to back up our currency that it's way beyond International standards.'...that's really good.
9-19-2019 Newshound Guru Kaperoni ...There is no reinstatement of the dinar until the CBI writes the letter and the IMF accepts the letter for Article VIII. It's no secret when that happens we will all know. Even if it happens that has nothing to do with the exchange rate.
9-19-2019 Newshound Guru Breitling ...Iraq and these countries do not put out their money supply. They do not tell people exactly what their money supply is. But they did a couple of years ago by mistake. They said they were at 4 billion notes...according to this guru there's...80 Trillion dinar out there which is equal to 80 billion dollars or something like that...that's not true...they're reading a report that tells everybody what their country is worth. It's NOT their money supply. Here's the difference. What's your house worth? What's your car worth? What's your property worth? That's one report. Another report would be how much do you have in your pocket? How much Cash do you have? That's what I'm talking about. For some reason people aren't getting this...when I got into this investment they had about 12 billion notes...
9-19-2019 Newshound Guru Kaperoni [via Zig] ...there have been many discussions about a float over the years from the CBI, and economic experts in Iraq. Many of them positive...A year or so ago when somebody asked the CBI about floating the currency their response was that they weren't going to float AT THIS TIME and it was taken out of context as if they were saying no float ever...the truth is they were not ready to float at that time and proper translation of the article was necessary because all countries float eventually especially Emerging Markets. And there have been many examples of countries moving from fixed to float over the last few years. Even several in the Middle East"...
9-19-2019 Newshound Guru Jeff ...they've purposely delayed the formation of the government because it's literally the linchpin. It's the last thing we're going to see right before the rate change...the reason why the rate change will not occur this week is...Iraq has to achieve stability before the powers-that-be will allow Iraq to change the rate. This week they're having massive meetings between Kurdistan and Baghdad. They have to reach agreements on every level to achieve stability...I personally feel Mahdi has to be in country when the rate changes...this is a once-in-a-lifetime historic event. When it happens logic tells me Mahdi would want to be inside the country when the rate does change...he wants to be part of this historic event...Mahdi is gonna be in china on Thursday to Sunday...I still have the remainder of September on my radar. I still have my eyes on next week...
9-19-2019 Intel Guru MarkZ [via PDK] Reno is being very quiet… Isaac (in Zurich) has not updated us since last week...I really hope that means he is under a NDA. [...are they simply kicking the can down the road again into next week?] I really do not think they are kicking the can…I think its rolling out...not as quickly as we want...but I believe its logistics at this point. My contacts on the ground say no new rate as of yet…I am told the Iraqi PM is in China signing the final RV paperwork, trade issues, and treasury rates...and it will release when he gets back home which should be overnight tonight to Sat. Morning. [THERE WAS A BANK THAT IN TEXAS THAT EXCHANGED THE DINAR AT $3.91 ON TUESDAY] They appeared to have jumped the gun...but if banks are doing currency swaps...you know they believe we are really close...
9-19-2019 Newshound Guru Kaperoni ...They will never introduce any smaller categories until the currency has begun to appreciate to a point where they would be needed and it would be seamless without fanfare.
9-19-2019 Newshound Guru Adam Montana ...China has the ability to dump loads of money into Iraq's infrastructure, taking significant weight off of the Iraqis in that regard, which would free up Iraq's resources (time/people/government/etc) to focus on their actual bread and butter. China won't be doing this for free... in fact, I can foresee Iraq becoming so indebted to China over this that they are forced to raise the value of their currency just to cover the debt that they will willingly incur from China in order to fast-track their future. Iraq then officially enters the currency manipulation game, just to keep up with China, and that just tickles me pink! Who wins if this happens? Everyone. China wins. Iraq wins. We win. This is a clear path to Iraq becoming even stronger, with a stronger currency, and the rest is sort of irrelevant. Pretty neat stuff.
9-19-2019 Newshound Guru Kaperoni ...There is no reinstatement of the dinar until the CBI writes the letter and the IMF accepts the letter for Article VIII. It's no secret when that happens we will all know. Even if it happens that has nothing to do with the exchange rate.
9-19-2019 Newshound Guru Breitling ...Iraq and these countries do not put out their money supply. They do not tell people exactly what their money supply is. But they did a couple of years ago by mistake. They said they were at 4 billion notes...according to this guru there's...80 Trillion dinar out there which is equal to 80 billion dollars or something like that...that's not true...they're reading a report that tells everybody what their country is worth. It's NOT their money supply. Here's the difference. What's your house worth? What's your car worth? What's your property worth? That's one report. Another report would be how much do you have in your pocket? How much Cash do you have? That's what I'm talking about. For some reason people aren't getting this...when I got into this investment they had about 12 billion notes...
9-19-2019 Newshound Guru Kaperoni [via Zig] ...there have been many discussions about a float over the years from the CBI, and economic experts in Iraq. Many of them positive...A year or so ago when somebody asked the CBI about floating the currency their response was that they weren't going to float AT THIS TIME and it was taken out of context as if they were saying no float ever...the truth is they were not ready to float at that time and proper translation of the article was necessary because all countries float eventually especially Emerging Markets. And there have been many examples of countries moving from fixed to float over the last few years. Even several in the Middle East"...
9-19-2019 Newshound Guru Jeff ...they've purposely delayed the formation of the government because it's literally the linchpin. It's the last thing we're going to see right before the rate change...the reason why the rate change will not occur this week is...Iraq has to achieve stability before the powers-that-be will allow Iraq to change the rate. This week they're having massive meetings between Kurdistan and Baghdad. They have to reach agreements on every level to achieve stability...I personally feel Mahdi has to be in country when the rate changes...this is a once-in-a-lifetime historic event. When it happens logic tells me Mahdi would want to be inside the country when the rate does change...he wants to be part of this historic event...Mahdi is gonna be in china on Thursday to Sunday...I still have the remainder of September on my radar. I still have my eyes on next week...
9-19-2019 Intel Guru MarkZ [via PDK] Reno is being very quiet… Isaac (in Zurich) has not updated us since last week...I really hope that means he is under a NDA. [...are they simply kicking the can down the road again into next week?] I really do not think they are kicking the can…I think its rolling out...not as quickly as we want...but I believe its logistics at this point. My contacts on the ground say no new rate as of yet…I am told the Iraqi PM is in China signing the final RV paperwork, trade issues, and treasury rates...and it will release when he gets back home which should be overnight tonight to Sat. Morning. [THERE WAS A BANK THAT IN TEXAS THAT EXCHANGED THE DINAR AT $3.91 ON TUESDAY] They appeared to have jumped the gun...but if banks are doing currency swaps...you know they believe we are really close...
9-19-2019 Newshound Guru Kaperoni ...They will never introduce any smaller categories until the currency has begun to appreciate to a point where they would be needed and it would be seamless without fanfare.
9-19-2019 Newshound Guru Adam Montana ...China has the ability to dump loads of money into Iraq's infrastructure, taking significant weight off of the Iraqis in that regard, which would free up Iraq's resources (time/people/government/etc) to focus on their actual bread and butter. China won't be doing this for free... in fact, I can foresee Iraq becoming so indebted to China over this that they are forced to raise the value of their currency just to cover the debt that they will willingly incur from China in order to fast-track their future. Iraq then officially enters the currency manipulation game, just to keep up with China, and that just tickles me pink! Who wins if this happens? Everyone. China wins. Iraq wins. We win. This is a clear path to Iraq becoming even stronger, with a stronger currency, and the rest is sort of irrelevant. Pretty neat stuff.
9-18-2019 Newshound Guru Jeff ...let's set our emotions aside for a second...they've been setting the stage for this...keep in mind there is no "Dinar For Dummies" manual. We don't have a book or guide that tells us every step Iraq has to do before the rate can change...So we have to look at what they do and what they say. Look at their actions to piece things together and then you have to make some opinion with that...their actions suggest there's not much more they can do before they change the rate...Iraq has to achieve stability before the power that be will elect Iraq to change the rate...the news articles are strongly suggesting and telling us that they're in forward progress to reach stability...the news looks very good...
9-18-2019 Intel Guru MarkZ [via PDK] I checked in with my WF connection for the WF private group...they are expecting emails out and you can also go to the bank website to check the 800 numbers if you are worried...hearing they are setting up a special page just for that. This way you all know the 800 numbers are legitimate and you are not being bamboozled...
9-18-2019 Newshound Guru Adam Montana Quick note about the drone attacks on the Saudis - OIL is a pivotal issue in the Iraqi Dinar rate. It's no surprise that the recent events caused a flurry of commotion in the Dinar world. Oil speculation went wild for a couple minutes (ok, days), but currently stabilized at $59...
9-18-2019 Newshound Guru chattels Article: "Parliament votes on a law and ends the reading and discussion of three bills..." Again, no parliamentary action on any important law(s), IMO. Quote: "...held under the chairmanship of Mohammed Halbousi and the presence of 175 deputies,..." Attendance is low. Little more than minimum quorum requirement. Parliament will adjourn until next Saturday...
9-18-2019 Newshound Guru Jeff ...After looking at all the news...looking at everything that's going on, I'm of the opinion that the rate change will not occur this week. But we look like we're still in a very good position...the thing is right now they're too quiet. They're not giving us any clues to what's going on...they could end this next week but it could roll into October...the signs and variables show that we are still very close...
9-18-2019 Intel Guru MarkZ [via PDK] I am feeling really good about where we are! I am hearing fantastic things from Europe...3 contacts there say they are expecting funding today and no later early tomorrow morning. ...I heard a rumor that today is the day and that yesterday was procedural...trying to verify this. ...No new rate in Iraq as of last night. ...I am still hearing they want everything done before the end of the month.
9-18-2019 Newshound Guru Vital Brad ...The CBI put out an article "The Central Bank holds a workshop in preparation for the classification of banks operating in Iraq internationally." ...Iraq again talking about being regulated on an international standard. All signs point to go. They would not be doing this if their currency wasn't gonna be reinstated...why would they be getting themselves in this case internationally standard ready if they weren't going international?...the stage is being set for the big show and things are looking better than ever. I've never seen things line up this well...
9-18-2019 Newshound Guru Breitling [When I got into the dinar]...they were not talking about getting it to a $1...But as the country developed...they were like, no, we're going to get it to $3.25. And even with the markets changing, Do I think they can get it to $3.25? If they can get into the markets in the west, yes, they can get it too $3.25. I don't see what would be able to stop them...will they? I don't know. But once they do start adding value to their currency remember they said they were going to put a new currency out at the same time that will both coexist equally and one currency would be phased out over a two year process. They will both gain value equally...this is coming from the CBI who have the authority to talk about this and implement that authority...
9-18-2019 Intel Guru MarkZ [via PDK] I checked in with my WF connection for the WF private group...they are expecting emails out and you can also go to the bank website to check the 800 numbers if you are worried...hearing they are setting up a special page just for that. This way you all know the 800 numbers are legitimate and you are not being bamboozled...
9-18-2019 Newshound Guru Adam Montana Quick note about the drone attacks on the Saudis - OIL is a pivotal issue in the Iraqi Dinar rate. It's no surprise that the recent events caused a flurry of commotion in the Dinar world. Oil speculation went wild for a couple minutes (ok, days), but currently stabilized at $59...
9-18-2019 Newshound Guru chattels Article: "Parliament votes on a law and ends the reading and discussion of three bills..." Again, no parliamentary action on any important law(s), IMO. Quote: "...held under the chairmanship of Mohammed Halbousi and the presence of 175 deputies,..." Attendance is low. Little more than minimum quorum requirement. Parliament will adjourn until next Saturday...
9-18-2019 Newshound Guru Jeff ...After looking at all the news...looking at everything that's going on, I'm of the opinion that the rate change will not occur this week. But we look like we're still in a very good position...the thing is right now they're too quiet. They're not giving us any clues to what's going on...they could end this next week but it could roll into October...the signs and variables show that we are still very close...
9-18-2019 Intel Guru MarkZ [via PDK] I am feeling really good about where we are! I am hearing fantastic things from Europe...3 contacts there say they are expecting funding today and no later early tomorrow morning. ...I heard a rumor that today is the day and that yesterday was procedural...trying to verify this. ...No new rate in Iraq as of last night. ...I am still hearing they want everything done before the end of the month.
9-18-2019 Newshound Guru Vital Brad ...The CBI put out an article "The Central Bank holds a workshop in preparation for the classification of banks operating in Iraq internationally." ...Iraq again talking about being regulated on an international standard. All signs point to go. They would not be doing this if their currency wasn't gonna be reinstated...why would they be getting themselves in this case internationally standard ready if they weren't going international?...the stage is being set for the big show and things are looking better than ever. I've never seen things line up this well...
9-18-2019 Newshound Guru Breitling [When I got into the dinar]...they were not talking about getting it to a $1...But as the country developed...they were like, no, we're going to get it to $3.25. And even with the markets changing, Do I think they can get it to $3.25? If they can get into the markets in the west, yes, they can get it too $3.25. I don't see what would be able to stop them...will they? I don't know. But once they do start adding value to their currency remember they said they were going to put a new currency out at the same time that will both coexist equally and one currency would be phased out over a two year process. They will both gain value equally...this is coming from the CBI who have the authority to talk about this and implement that authority...
9-17-2019 Intel Guru RayRen98 BANK PARKING LOTS FULL AND "LIT UP" AT 6 AM? WHUT DA HECK? LOL "SPECIAL" BANK APPOINTMENTS ARE STARTING TO SURFACE... HINT: BE PREPARED TO NEGOTIATE "ANY" RATE THAT IS ON THE SCREEN AT EXCHANGE TIME ...JUS SAYIN'. ... SOME OF YOU MIGHT BE UP LATE...OR ALL NIGHT? I GOTTA FEELIN' - THAT TONIGHT'S GONNA BE A GOOD, GOOD NIGHT!
9-17-2019 Newshound/Intel Guru Mnt Goat ...If everything goes as planned, then they move on to the “reinstatement”. This means reinstating the dinar back on the global currency exchanges and then it can be legally traded...Yes, its been a very long journey...The nice part about this final step is when it does occur this is when we get to go to the bank and exchange and not before. There is no premature exchanges scheduled for us internet investors... [post 2 of 2]
9-17-2019 Newshound/Intel Guru Mnt Goat ...I have to tell you without even a shadow of a doubt that I am 1000 % sure it will NOT happen this week. However, we are still within a very good window of opportunity to get the smaller of the smaller category notes launched and this part of the process underway. This does not mean we will be going to the bank this week. ...So, once they launch the smaller of the small categories, the next part of the process is to CHECK FOR INFLATION and wait to see what happens. I am told this could take 3 days, 3 weeks or even 3 months. The next step depends up the CBI and observing what happens next. [post 1 of 2....stay tuned]
9-17-2019 Intel Guru Frank26 My question is, Will they show the visual aids this week to the citizens? Yes IMO. Will they show them the new low category notes and fils this week? Yes. IMO I believe the seminars [Thursday] will be showing the visual aids...it's possible they may go into next week but I doubt it...
9-17-2019 Intel Guru MarkZ Everything is very quiet and its quiet on purpose…It’s the Treasury applying pressure to keep things this quiet. About the Iran/Saudi Arabia conflict…I am not concerned a bit about this. My personal opinion is that oil prices had been so low that we are seeing a staged event to raise oil prices to back the dinar and its new rate. At redemption centers…they did not work this weekend…but they are working now. Hearing from a couple contacts in Iraq that they are expecting a new rate tomorrow…on the street level...I believe everything is done but the roll out and paying people. And based on indicators I am seeing. I think we are watching the roll out right now…
9-17-2019 Newshound Guru Breitling With Iraq how does it work? They tell everybody what they want to do through Parliament, the Ministry of Planning, then they go to the Ministry of Finance and then they go to the CBI and the CBI manages it. That's how it works...what they said they want to do with the Iraqi currency has never changed. You should be very very happy...
9-17-2019 Newshound Guru chattels Article quote: "The central bank sells more than $ 243 million at a currency auction" The volume in sales of the dollar in Iraq continues to be relatively high. In Parliamentary action yesterday nothing important happened, IMO.
9-17-2019 Newshound/Intel Guru Mnt Goat ...If everything goes as planned, then they move on to the “reinstatement”. This means reinstating the dinar back on the global currency exchanges and then it can be legally traded...Yes, its been a very long journey...The nice part about this final step is when it does occur this is when we get to go to the bank and exchange and not before. There is no premature exchanges scheduled for us internet investors... [post 2 of 2]
9-17-2019 Newshound/Intel Guru Mnt Goat ...I have to tell you without even a shadow of a doubt that I am 1000 % sure it will NOT happen this week. However, we are still within a very good window of opportunity to get the smaller of the smaller category notes launched and this part of the process underway. This does not mean we will be going to the bank this week. ...So, once they launch the smaller of the small categories, the next part of the process is to CHECK FOR INFLATION and wait to see what happens. I am told this could take 3 days, 3 weeks or even 3 months. The next step depends up the CBI and observing what happens next. [post 1 of 2....stay tuned]
9-17-2019 Intel Guru Frank26 My question is, Will they show the visual aids this week to the citizens? Yes IMO. Will they show them the new low category notes and fils this week? Yes. IMO I believe the seminars [Thursday] will be showing the visual aids...it's possible they may go into next week but I doubt it...
9-17-2019 Intel Guru MarkZ Everything is very quiet and its quiet on purpose…It’s the Treasury applying pressure to keep things this quiet. About the Iran/Saudi Arabia conflict…I am not concerned a bit about this. My personal opinion is that oil prices had been so low that we are seeing a staged event to raise oil prices to back the dinar and its new rate. At redemption centers…they did not work this weekend…but they are working now. Hearing from a couple contacts in Iraq that they are expecting a new rate tomorrow…on the street level...I believe everything is done but the roll out and paying people. And based on indicators I am seeing. I think we are watching the roll out right now…
9-17-2019 Newshound Guru Breitling With Iraq how does it work? They tell everybody what they want to do through Parliament, the Ministry of Planning, then they go to the Ministry of Finance and then they go to the CBI and the CBI manages it. That's how it works...what they said they want to do with the Iraqi currency has never changed. You should be very very happy...
9-17-2019 Newshound Guru chattels Article quote: "The central bank sells more than $ 243 million at a currency auction" The volume in sales of the dollar in Iraq continues to be relatively high. In Parliamentary action yesterday nothing important happened, IMO.
9-16-2019 Newshound Guru Breitling Don't worry about what's happening with Saudi Arabia. Do not worry if we go to war with Iran...because we anticipated all this stuff we have a way to lower the price of oil...what's that mean for you and me? Iraq, they're gonna have to add value to their currency. They are not going to be making money selling energy. So you and I are sitting on their currency. Huge opportunity. I'm excited. I'm not kidding. It's a beautiful thing...It's coming down the road. [Post 2 of 2]
9-16-2019 Newshound Guru Breitling ...They [Russia] are putting out a report that it [oil] is probably going to be $26 a barrel in the year 2020...it's going to be low. What does that mean for you and me? It means Iraq is going to add value to their currency. It's not a hypothetical. They know. They have the most undervalued currency. What allows them to do that is the profits they're making selling energy in US dollars. But once that dries up they're not going to be sitting on a domestic currency at a tenth of a penny. It's not gonna happen. They're not China. They're not Vietnam. They don't have a labor force like that... [Post 1 of 2]
9-16-2019 Newshound Guru Adam Montana [...latest indicates with the attack on Saudi oil we may be seeing 100 a barrel soon. Based on what you are seeing and hearing will this move the RV closer or will the concerns for possible attacks on near by Iran and possible Saudi retaliation cause Iraq to pause and take a step back? Look into your crystal ball. LOL.] My crystal ball says anything that will guide oil to higher prices is potentially a good thing for Iraq's future. Obviously there's more to it than that, but the Crystal Ball tends to be a bit vague at times.
9-16-2019 Newshound Guru MilitiaMan Article: "China and the financial sector" Quote: "we must in fact have a banking system capable of managing this process, through the adoption of correspondent banks or the opening of branches of Chinese banks inside Iraq, as can The adoption of bilateral partnerships in the financial sector, the result of which banks are sober leading to the mutual benefit of the economies of the two countries." The above data supports that WS [Guru Walkingstick] is right and apparently on time. We were told about this PBs [Bilateral Partnerships ?] in the USA to be within two weeks back on 09/06/2019. Well two weeks from then is 09/20/2019 imo. Today [Sunday] is the 15th.. lol If they will arrive within five days it sure would seem they would have the international rate exposed prior to that time, imo... the pressure is on now and big time. imo! The most logical time is upon us. imo That is when the markets bare the least disruptions...imo!
9-16-2019 Intel Guru MarkZ I just wanted to touch quickly on the news we heard over the weekend... From many sources...There are a lot of folks flying into Reno last night and this morning in expectation. There is a lot of reports that the military has begun exchanging, however even though I have many contacts in military…and they say they havn’t exchanged yet...so consider it as “rumor”. We are hearing that Iraq is pulling the trigger this week and so we (the US?) are scrambling to be 100% out the door. I am very upbeat for the week.
9-16-2019 Intel Guru RayRen98 HINT: BE PREPARED TO NEGOTIATE "ANY" RATE THAT IS ON THE SCREEN AT EXCHANGE TIME...JUS SAYIN'. WE ARE PURSUING CONFIRMATION OF ALLEGED FINANCIAL CHANGES IN IRAQ...HOPEFULLY LATER THIS EVENING? TODAY "MIGHT NOT" BE "THE DAY" BUT I'M OPTIMISTIC FOR THIS WEEK TO BE "THE WEEK"...TIME WILL TELL
9-16-2019 Newshound Guru Jeff Article [Parliamentary Energy: The Presidency of Parliament addressed the government to send the oil and gas law to vote on it]. ...we are in close proximity to the rate change that is why since mid July the news has been flooded with articles talking about HCL and Article 140...But what I want to stress to you is these are post rate change laws...news has blown up and exploded with articles talking about HCL oil and gas law and Article 140 because Iraq is now positioned for these. We're right in front of the rate change...
9-16-2019 Newshound Guru Breitling ...They [Russia] are putting out a report that it [oil] is probably going to be $26 a barrel in the year 2020...it's going to be low. What does that mean for you and me? It means Iraq is going to add value to their currency. It's not a hypothetical. They know. They have the most undervalued currency. What allows them to do that is the profits they're making selling energy in US dollars. But once that dries up they're not going to be sitting on a domestic currency at a tenth of a penny. It's not gonna happen. They're not China. They're not Vietnam. They don't have a labor force like that... [Post 1 of 2]
9-16-2019 Newshound Guru Adam Montana [...latest indicates with the attack on Saudi oil we may be seeing 100 a barrel soon. Based on what you are seeing and hearing will this move the RV closer or will the concerns for possible attacks on near by Iran and possible Saudi retaliation cause Iraq to pause and take a step back? Look into your crystal ball. LOL.] My crystal ball says anything that will guide oil to higher prices is potentially a good thing for Iraq's future. Obviously there's more to it than that, but the Crystal Ball tends to be a bit vague at times.
9-16-2019 Newshound Guru MilitiaMan Article: "China and the financial sector" Quote: "we must in fact have a banking system capable of managing this process, through the adoption of correspondent banks or the opening of branches of Chinese banks inside Iraq, as can The adoption of bilateral partnerships in the financial sector, the result of which banks are sober leading to the mutual benefit of the economies of the two countries." The above data supports that WS [Guru Walkingstick] is right and apparently on time. We were told about this PBs [Bilateral Partnerships ?] in the USA to be within two weeks back on 09/06/2019. Well two weeks from then is 09/20/2019 imo. Today [Sunday] is the 15th.. lol If they will arrive within five days it sure would seem they would have the international rate exposed prior to that time, imo... the pressure is on now and big time. imo! The most logical time is upon us. imo That is when the markets bare the least disruptions...imo!
9-16-2019 Intel Guru MarkZ I just wanted to touch quickly on the news we heard over the weekend... From many sources...There are a lot of folks flying into Reno last night and this morning in expectation. There is a lot of reports that the military has begun exchanging, however even though I have many contacts in military…and they say they havn’t exchanged yet...so consider it as “rumor”. We are hearing that Iraq is pulling the trigger this week and so we (the US?) are scrambling to be 100% out the door. I am very upbeat for the week.
9-16-2019 Intel Guru RayRen98 HINT: BE PREPARED TO NEGOTIATE "ANY" RATE THAT IS ON THE SCREEN AT EXCHANGE TIME...JUS SAYIN'. WE ARE PURSUING CONFIRMATION OF ALLEGED FINANCIAL CHANGES IN IRAQ...HOPEFULLY LATER THIS EVENING? TODAY "MIGHT NOT" BE "THE DAY" BUT I'M OPTIMISTIC FOR THIS WEEK TO BE "THE WEEK"...TIME WILL TELL
9-16-2019 Newshound Guru Jeff Article [Parliamentary Energy: The Presidency of Parliament addressed the government to send the oil and gas law to vote on it]. ...we are in close proximity to the rate change that is why since mid July the news has been flooded with articles talking about HCL and Article 140...But what I want to stress to you is these are post rate change laws...news has blown up and exploded with articles talking about HCL oil and gas law and Article 140 because Iraq is now positioned for these. We're right in front of the rate change...
9-15-2019 Intel Guru Frank26 NEXT WEEK IRAQ WILL BE SIGNING MAJOR DEALS WITH COUNTRIES ALL OVER THE WORLD...SAMSUNG IS A BIG DEAL... SIGNING DEALS WITH CHINA ON 19TH OF SEPT, DRAMATIC POSITIVE EFFECTS, MAJOR DEALS...CHINA CANT GO IN THERE UNLESS THEY MAKE SOME ANNOUNCEMENTS... NEXT WEEK MORE TRAINING SEMINARS FOR THE PUBLIC/CITIZENS, BANK TELLERS IN IRAQ SAYING THAT... MAYBE THE INFO WE ARE LOOKING FOR...THEY TOLD THEM A FEW WEEKS AGO ABOUT THE COINS - THESE ARE A FOLLOW UP TO THAT.
9-15-2019 Intel/Newshound Guru sandyf We do know that floating the currency would take best part of a generation to produce any significant result. Thai baht, strongest currency of an emerging economy has taken about 15 years to almost double in value. So taking into account what we do know, any significant return can only come from the unknown and not from what people think they know. Time for a more open minded perspective. [post 2 of 2]
9-15-2019 Intel/Newshound Guru sandyf [nobody and I mean NO ONE knows what will happen or how this will be implemented.] Absolutely spot on and nobody is ever going to stop the speculation. What we do know however is what is not going to happen. There is not going to be a huge overnight RV, never been one in the past and not going to happen in the future. That myth was born from confusion between revaluation and redenomination. We do know how a redenomination would be implemented but that cannot happen overnight and is not going to happen any time soon. [post 1 of 2....stay tuned]
9-15-2019 Newshound Guru MilitiaMan Article: "Government source reveals program of Abdul-Mahdi's visit to China" Quote: "The economic and political circles in Baghdad are looking with optimism to the forthcoming visit of Prime Minister Adel Abdul Mahdi to China on September 19 for four days, and it is reported in some economic circles that the visit will lead to the signing of about 30 large memorandums of understanding between Baghdad and Beijing..." Sure looks like this is the opening of the doors.. Firstly before they all go live, Iraq will have an international medium of exchange!! Imo.
9-15-2019 Intel Guru Frank26 IMO I honestly don't think the Democratic Party wants the reinstatement of the Iraqi dinar...I don't know if they're doing anything to stop it cause they can't...I don't think the democrats want Donald Trump to bask in the glory of what's about to happen...They represent the United States of America. I want them to work in unity with the Republicans but the jealously is so vicious and it's so wicked IMO that it's causing this rip. This tear. And based on the things I "think" I know politically we're not being supported for this by the Democrats...
9-15-2019 Newshound Guru Kaperoni ...guru Frank26 likes to refer to a minister of planning document talking about a 1 to $1 exchange rate. But it never said it would get there overnight! And as I've already said on numerous occasions Iraq could never afford a significant RV of the dinar due to the fact that there is in excess 42 trillion dinar in circulation. If the minister of planning was talking about an overnight event, it would have to be a LOP. The only thing that we should be hoping for is a gradual appreciation as stated by the IMF. Such an event like this would allow the money supply to be reduced as the currency appreciated.
9-15-2019 Intel/Newshound Guru sandyf We do know that floating the currency would take best part of a generation to produce any significant result. Thai baht, strongest currency of an emerging economy has taken about 15 years to almost double in value. So taking into account what we do know, any significant return can only come from the unknown and not from what people think they know. Time for a more open minded perspective. [post 2 of 2]
9-15-2019 Intel/Newshound Guru sandyf [nobody and I mean NO ONE knows what will happen or how this will be implemented.] Absolutely spot on and nobody is ever going to stop the speculation. What we do know however is what is not going to happen. There is not going to be a huge overnight RV, never been one in the past and not going to happen in the future. That myth was born from confusion between revaluation and redenomination. We do know how a redenomination would be implemented but that cannot happen overnight and is not going to happen any time soon. [post 1 of 2....stay tuned]
9-15-2019 Newshound Guru MilitiaMan Article: "Government source reveals program of Abdul-Mahdi's visit to China" Quote: "The economic and political circles in Baghdad are looking with optimism to the forthcoming visit of Prime Minister Adel Abdul Mahdi to China on September 19 for four days, and it is reported in some economic circles that the visit will lead to the signing of about 30 large memorandums of understanding between Baghdad and Beijing..." Sure looks like this is the opening of the doors.. Firstly before they all go live, Iraq will have an international medium of exchange!! Imo.
9-15-2019 Intel Guru Frank26 IMO I honestly don't think the Democratic Party wants the reinstatement of the Iraqi dinar...I don't know if they're doing anything to stop it cause they can't...I don't think the democrats want Donald Trump to bask in the glory of what's about to happen...They represent the United States of America. I want them to work in unity with the Republicans but the jealously is so vicious and it's so wicked IMO that it's causing this rip. This tear. And based on the things I "think" I know politically we're not being supported for this by the Democrats...
9-15-2019 Newshound Guru Kaperoni ...guru Frank26 likes to refer to a minister of planning document talking about a 1 to $1 exchange rate. But it never said it would get there overnight! And as I've already said on numerous occasions Iraq could never afford a significant RV of the dinar due to the fact that there is in excess 42 trillion dinar in circulation. If the minister of planning was talking about an overnight event, it would have to be a LOP. The only thing that we should be hoping for is a gradual appreciation as stated by the IMF. Such an event like this would allow the money supply to be reduced as the currency appreciated.
9-14-2019 Intel Guru Frank26 ...I will tell you this with confidence, the visual aids of the new small category notes and fils are coming out this month of September. The visual aids are coming out this month. ...a little while after the visual aids IMO they will lift the three zeros and a little bit after they lift the three zeros they'll introduce the new small category notes or at the same time when they lift it they will do it all together...the moment you see the visual aids is the moment I say goodbye...
9-14-2019 Newshound Guru chattels Article quotes: "Iraqi Oil Minister: Kurdistan produces half a million barrels of oil a day & none of its benefits go to the Federal Government. However, we are close to reaching an agreement with Erbil."; "The Ghadhban said that "optimistic to reach an agreement between the two sides,"stressing "We and the Kurdistan region in one ship, and we should reach an agreement." One question is whether the optimism expressed by Baghdad is shared by Kurdistan. Another question is whether the "agreement" is budgetary and for one year or is it a permanent agreement equating to the long awaited HydroCarbon Agreement. Any permanent HydroCarbon Ageement will likely require amendment / clarification constitutionally. ...a budget law agreement, if fully performed/honored by both sides, could be a good beginning.
9-14-2019 Newshound/Intel Guru BGG I beg to differ with Breitling’s synopsis as to why brokers are willing to “pay a lot more” than they used to – to buy Dinar back. It’s because THEY HAVE TO...The real reason they are paying more – isn’t that they are “willing to”…It’s that they HAVE TO. If they don’t – they won’t get any and they won’t be able to compete. It is just that simple – economics in action. [reference Guru Breitling post 9-11-2019]
9-14-2019 Newshound Guru Jeff article on this morning's session of Parliament - they did not get anything done that was important...a few days ago I posted another article where they said they were going to try to resolve the Education Minster during the first FEW legislative sessions of Parliament...what we're waiting on right now guys is for them to finish the formation of the government by putting the Education Minister in place. IMO they'll probably do it next Saturday the 21st...
9-14-2019 Intel Guru Frank26 ...the Central Bank of Iraq said that their intentions are to come out 1 to 1 internally in their country. With that said we have a foundation...Do these guys have a date? Or are they waiting for something? IMO they have a date. It's been kicked around like a tin can down the street at least 3 times that my teams know of. I pray to God that whatever date they have selected for the reinstatement does not get influenced...
9-14-2019 Newshound Guru chattels Article quotes: "Iraqi Oil Minister: Kurdistan produces half a million barrels of oil a day & none of its benefits go to the Federal Government. However, we are close to reaching an agreement with Erbil."; "The Ghadhban said that "optimistic to reach an agreement between the two sides,"stressing "We and the Kurdistan region in one ship, and we should reach an agreement." One question is whether the optimism expressed by Baghdad is shared by Kurdistan. Another question is whether the "agreement" is budgetary and for one year or is it a permanent agreement equating to the long awaited HydroCarbon Agreement. Any permanent HydroCarbon Ageement will likely require amendment / clarification constitutionally. ...a budget law agreement, if fully performed/honored by both sides, could be a good beginning.
9-14-2019 Newshound/Intel Guru BGG I beg to differ with Breitling’s synopsis as to why brokers are willing to “pay a lot more” than they used to – to buy Dinar back. It’s because THEY HAVE TO...The real reason they are paying more – isn’t that they are “willing to”…It’s that they HAVE TO. If they don’t – they won’t get any and they won’t be able to compete. It is just that simple – economics in action. [reference Guru Breitling post 9-11-2019]
9-14-2019 Newshound Guru Jeff article on this morning's session of Parliament - they did not get anything done that was important...a few days ago I posted another article where they said they were going to try to resolve the Education Minster during the first FEW legislative sessions of Parliament...what we're waiting on right now guys is for them to finish the formation of the government by putting the Education Minister in place. IMO they'll probably do it next Saturday the 21st...
9-14-2019 Intel Guru Frank26 ...the Central Bank of Iraq said that their intentions are to come out 1 to 1 internally in their country. With that said we have a foundation...Do these guys have a date? Or are they waiting for something? IMO they have a date. It's been kicked around like a tin can down the street at least 3 times that my teams know of. I pray to God that whatever date they have selected for the reinstatement does not get influenced...
9-13-2019 Intel Guru Frank26 ...their pattern is always to wait till the last second to do something. But between now and the last week of September IMO is a good window to do what they showed them in the visual aids. It's no secret. The CBI is telling the citizens we're giving you purchasing power. The citizens know it. You know it. It's no secret...everything is on course. We're alright...
9-13-2019 Newshound Guru Kaperoni I can say with certainty there will be no introduction of small denominations because that's just not how monetary policy works there is no RV or RI. If the dinar goes up in value gradually as we expect any transition to any smaller denomination or notes would be seamless with little fanfare. If Parliament were to pass a law to redenominate the currency (LOP) then I could see the introduction of a package of small notes and displayed in advance of their implementation.
9-13-2019 Intel Guru MarkZ [via PDK] I hear everything is totally positioned…We are not waiting for anything else…nothing else to do…we are right on top of it...Just need the trigger to be pulled by whoever says “start or go”...
9-13-2019 Newshound Guru Jeff ...IMO tomorrow you will not see any information about the VP's in Iraq...I have some very strong confirming factual information I just received from the Iraq government directly. I will share this with you when I see the one article I'm looking for...there is only one remaining position. It is only the Education Minister. It shows that they have done away with the Vice Presidents. Those positions have been eliminated...The only position we are waiting on is just the Education Minister. IMO they are going to complete that position on Saturday the 21st. When I see news articles telling you that I will share my factual information that I have on how I received it directly from the Iraqi Government...
9-13-2019 Intel Guru Bruce Confirmation from Bank sources Dinar on the screens live at over $6.50...Dinar is international... ...We are supposed to get started tomorrow [Friday]. Obviously we don't go anywhere until we get our toll free numbers. We don't get started until we get appointments. Our understanding is we should get numbers in the morning and get setting appointments and doing our exchanges supposedly tomorrow [Friday]. We'll see...we've had close calls before.
9-13-2019 Newshound/Intel Guru Mnt Goat Simply put when the time comes the IMF will put the IQD in an SDR basket of currencies including the Yen, Yuan, Pound, Euro, USD and then the IQD. ...What does this do? It creates stability in the marketplace since, if one currency gets too shaky, the others will back it up and support it... How does putting the IQD in this SDR basket effect our exchange? Since the IMF will have to now weight the IQD along with the assets from these other 5 currencies in the basket, it will cause a re-calculation of the IQD rate and drive it higher like the pre-1991 rate plus equity. This is what will be the driving force behind getting more than a 1:1 after deleting the zeros. ...This is what will justify it.
9-13-2019 Intel Guru MarkZ The big news is Maliki- Iraqs former PM getting caught with hundreds of Billions in US dollars…wow…I take the story about Maliki stealing Billions is a very good thing….Rats deserting a ship before it sets sail. I think this is big news
9-13-2019 Newshound Guru Kaperoni I can say with certainty there will be no introduction of small denominations because that's just not how monetary policy works there is no RV or RI. If the dinar goes up in value gradually as we expect any transition to any smaller denomination or notes would be seamless with little fanfare. If Parliament were to pass a law to redenominate the currency (LOP) then I could see the introduction of a package of small notes and displayed in advance of their implementation.
9-13-2019 Intel Guru MarkZ [via PDK] I hear everything is totally positioned…We are not waiting for anything else…nothing else to do…we are right on top of it...Just need the trigger to be pulled by whoever says “start or go”...
9-13-2019 Newshound Guru Jeff ...IMO tomorrow you will not see any information about the VP's in Iraq...I have some very strong confirming factual information I just received from the Iraq government directly. I will share this with you when I see the one article I'm looking for...there is only one remaining position. It is only the Education Minister. It shows that they have done away with the Vice Presidents. Those positions have been eliminated...The only position we are waiting on is just the Education Minister. IMO they are going to complete that position on Saturday the 21st. When I see news articles telling you that I will share my factual information that I have on how I received it directly from the Iraqi Government...
9-13-2019 Intel Guru Bruce Confirmation from Bank sources Dinar on the screens live at over $6.50...Dinar is international... ...We are supposed to get started tomorrow [Friday]. Obviously we don't go anywhere until we get our toll free numbers. We don't get started until we get appointments. Our understanding is we should get numbers in the morning and get setting appointments and doing our exchanges supposedly tomorrow [Friday]. We'll see...we've had close calls before.
9-13-2019 Newshound/Intel Guru Mnt Goat Simply put when the time comes the IMF will put the IQD in an SDR basket of currencies including the Yen, Yuan, Pound, Euro, USD and then the IQD. ...What does this do? It creates stability in the marketplace since, if one currency gets too shaky, the others will back it up and support it... How does putting the IQD in this SDR basket effect our exchange? Since the IMF will have to now weight the IQD along with the assets from these other 5 currencies in the basket, it will cause a re-calculation of the IQD rate and drive it higher like the pre-1991 rate plus equity. This is what will be the driving force behind getting more than a 1:1 after deleting the zeros. ...This is what will justify it.
9-13-2019 Intel Guru MarkZ The big news is Maliki- Iraqs former PM getting caught with hundreds of Billions in US dollars…wow…I take the story about Maliki stealing Billions is a very good thing….Rats deserting a ship before it sets sail. I think this is big news
9-12-2019 Newshound Guru Adam Montana It's been some time since this came up in the news, but I believe it was about 5 months ago I made mention of Saudi Arabia working on playing nice with Iraq again... and what they have to gain by doing so. Saudi Arabia couldn't be bothered to give Iraq the time of day 10 years ago... now, they are changing their tune: [Article] "Iraq-Saudi border crossing to reopen after nearly 30 years". ...WTI OIL is currently at 54.94... Other news that's positive - CBI, IMF, GOI are all active. We are not in one of those vacation-day lulls. Overall, it looks like things should start moving... right in time to hit a mid-September spurt.
9-12-2019 Newshound Guru Jeff [Article: Saleh and Abdul Mahdi discuss developments in the political situation and the implementation of the government program] ...the "government program" is everything that exists after the rate change. It's the period after the rate change that gives the citizens a better life. So that's why they're talking about implementing the "government program" now or soon because that's the period after the rate change...
9-12-2019 Intel Guru MarkZ I am hearing we are in a 72 hour window that started yesterday...so we should have 48 hours left if true…but it could go at any time in that 48 hours…no one will ever know the exact time. …it may be slowed a bit…but its still moving.
9-12-2019 Intel Guru Frank26 ...they are now ready to show them pictures of the new small category notes...IMO the CBI is being very cautious. They have to be very careful. Fractional banking is of great concern to the CBI because they do not want this reinstatement to fail with the citizens. They are not going to come out with the coins like we've been telling you. But they are talking about the fils. The citizens need to understand what the fils are about...each dinar is worth 1000 fils...so let's not worry about the coins...
9-12-2019 Newshound/Intel Guru Mnt Goat ...We know that the Financial Management Law was written and passed in parliament in order for parliament through the financial committee to take charge of the monetary reforms and force the CBI to perform their job. Up to this point the CBI had excuse after excuse as to why it could not proceed. We read about all the corruption in the CBI. We heard about the necessity to replace all the proxy positions with permanent positions. Then we watched it happen. The announcement came out about the replace of the director of the CBI and he was supposed to take his position in early September. ...Yes, we still expect the formal announcement of the new Governor of the CBI any day now...
9-12-2019 Newshound Guru Kathy Article: "Maliki denies allegations of smuggling Iraqi treasury money" Quote: "The security authorities at Dubai airport seize a shipment of funds full of dollars stolen from the treasury of Iraq, estimated at hundreds of billions of dollars on a private Iraqi plane belonging to Nuri al-Maliki, which was intended to be smuggled to a European country "This money is equivalent to the budget of 10 Arab countries for five years." Equal to 10 Arab countries budgets for five years! Holy Cow!
9-12-2019 Newshound Guru Jeff [Article: Saleh and Abdul Mahdi discuss developments in the political situation and the implementation of the government program] ...the "government program" is everything that exists after the rate change. It's the period after the rate change that gives the citizens a better life. So that's why they're talking about implementing the "government program" now or soon because that's the period after the rate change...
9-12-2019 Intel Guru MarkZ I am hearing we are in a 72 hour window that started yesterday...so we should have 48 hours left if true…but it could go at any time in that 48 hours…no one will ever know the exact time. …it may be slowed a bit…but its still moving.
9-12-2019 Intel Guru Frank26 ...they are now ready to show them pictures of the new small category notes...IMO the CBI is being very cautious. They have to be very careful. Fractional banking is of great concern to the CBI because they do not want this reinstatement to fail with the citizens. They are not going to come out with the coins like we've been telling you. But they are talking about the fils. The citizens need to understand what the fils are about...each dinar is worth 1000 fils...so let's not worry about the coins...
9-12-2019 Newshound/Intel Guru Mnt Goat ...We know that the Financial Management Law was written and passed in parliament in order for parliament through the financial committee to take charge of the monetary reforms and force the CBI to perform their job. Up to this point the CBI had excuse after excuse as to why it could not proceed. We read about all the corruption in the CBI. We heard about the necessity to replace all the proxy positions with permanent positions. Then we watched it happen. The announcement came out about the replace of the director of the CBI and he was supposed to take his position in early September. ...Yes, we still expect the formal announcement of the new Governor of the CBI any day now...
9-12-2019 Newshound Guru Kathy Article: "Maliki denies allegations of smuggling Iraqi treasury money" Quote: "The security authorities at Dubai airport seize a shipment of funds full of dollars stolen from the treasury of Iraq, estimated at hundreds of billions of dollars on a private Iraqi plane belonging to Nuri al-Maliki, which was intended to be smuggled to a European country "This money is equivalent to the budget of 10 Arab countries for five years." Equal to 10 Arab countries budgets for five years! Holy Cow!
9-11-2019 Newshound Guru Frank26 ...there was an incident...Billions, I mean BILLIONS of [US] dollars were stolen...the United Arab Emirates says that the security authorities at Dubai International Airport reported intercepted a shipment containing a massive quantity of American dollar bank notes. The officials searched a private plane belonging to...wait for it... former Prime Minister Nouri al-Maliki...
9-11-2019 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAQ HAS BEGUN STEPS TO JOIN THE OFFICIAL FORUM OF MONETARY AND FINANCIAL INSTITUTIONS (OMFIF)" Quote: "...(OMFIF), an independent global think tank for central banks, pension funds and financial institutions with investment assets worth $36.2 trillion." Article: "SUITABLE CONDITIONS FOR THE WORK OF INTERNATIONAL COMPANIES AND ENCOURAGE FOREIGN INVESTMENTS" What? And you think they are postponing the project to delete the zeros again? Give me a break!
9-11-2019 Newshound Guru Breitling Why are [brokers] willing to pay a lot more than they used to to buy your dinar back? They're selling it to these guys [large currency investors] that's why. It's that simple...It's hard getting money out of Iraq. It's not easy. It would come from Iraq to Jordan to the United States. And from the banking industry in the United States it went from the [CBI] auction floor to Bank of America to Chase Bank. And that's where I bought my currency - Chase Bank. So that's a couple routes on how that currency gets here. But it's dried up. That system doesn't work anymore. So there isn't as much dinar in the market...
9-11-2019 Intel Guru MarkZ I am still hearing very good things today. Reno has gone very quiet...People are being put under NDA’s We are told. Today is still looking very positive... Will it be a numbers day? I am staying home today watching everything closely...Just be prepared in case…
9-11-2019 Newshound/Intel Guru Mnt Goat ...So we know the Finance Committee has made the effort to tell us in the past weeks, with a barrage of articles that they were considering going ahead (and will probably go head) with the project. I also know that they are now re-educating of the citizens via billboards and televised broadcast on the how the project to delete the zeros will work...Iraq CAN NOT go much longer without the reinstatement and the launching of the smaller category notes. Today we have three (3) other articles telling us they are connecting with international organizations for the purpose of doing business with the international world... [post 2 of 2]
9-11-2019 Newshound/Intel Guru Mnt Goat Article: "A STUDY TO DELETE ZEROS FROM THE NATIONAL CURRENCY" IS THE PROJECT TO DELETE THE ZEROS POSTPONED AGAIN? This article led us to believe that in fact it has been postponed again. Is this true? ...This article ...is NOT telling us they are postponing again the project to delete the zeros. What gets lost in the translation from Arabic to English is they are telling us in the past this is what happened and why it was postponed... [post 1 of 2....stay tuned]
9-11-2019 Newshound Guru Jeff ...clear back in July....I said IMO our next window for the possibility of the rate changing would be over the weekend of September 21st/22nd. As you see all the factual information is walking you up to that point..most of the other gurus are just now catching up with us...we're looking amazing...In my opinion I think we have about another week and a half left in this...
9-11-2019 Newshound Guru future [ It is quite simple really! Either Iraq will add value to their currency or they will not ! And to what degree it will be . Every currency has potential to fluctuate up or down ...] well from news articles they have said they will reinstate or bring their dinar back to the glory days...when? is the biggest ?.
9-11-2019 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAQ HAS BEGUN STEPS TO JOIN THE OFFICIAL FORUM OF MONETARY AND FINANCIAL INSTITUTIONS (OMFIF)" Quote: "...(OMFIF), an independent global think tank for central banks, pension funds and financial institutions with investment assets worth $36.2 trillion." Article: "SUITABLE CONDITIONS FOR THE WORK OF INTERNATIONAL COMPANIES AND ENCOURAGE FOREIGN INVESTMENTS" What? And you think they are postponing the project to delete the zeros again? Give me a break!
9-11-2019 Newshound Guru Breitling Why are [brokers] willing to pay a lot more than they used to to buy your dinar back? They're selling it to these guys [large currency investors] that's why. It's that simple...It's hard getting money out of Iraq. It's not easy. It would come from Iraq to Jordan to the United States. And from the banking industry in the United States it went from the [CBI] auction floor to Bank of America to Chase Bank. And that's where I bought my currency - Chase Bank. So that's a couple routes on how that currency gets here. But it's dried up. That system doesn't work anymore. So there isn't as much dinar in the market...
9-11-2019 Intel Guru MarkZ I am still hearing very good things today. Reno has gone very quiet...People are being put under NDA’s We are told. Today is still looking very positive... Will it be a numbers day? I am staying home today watching everything closely...Just be prepared in case…
9-11-2019 Newshound/Intel Guru Mnt Goat ...So we know the Finance Committee has made the effort to tell us in the past weeks, with a barrage of articles that they were considering going ahead (and will probably go head) with the project. I also know that they are now re-educating of the citizens via billboards and televised broadcast on the how the project to delete the zeros will work...Iraq CAN NOT go much longer without the reinstatement and the launching of the smaller category notes. Today we have three (3) other articles telling us they are connecting with international organizations for the purpose of doing business with the international world... [post 2 of 2]
9-11-2019 Newshound/Intel Guru Mnt Goat Article: "A STUDY TO DELETE ZEROS FROM THE NATIONAL CURRENCY" IS THE PROJECT TO DELETE THE ZEROS POSTPONED AGAIN? This article led us to believe that in fact it has been postponed again. Is this true? ...This article ...is NOT telling us they are postponing again the project to delete the zeros. What gets lost in the translation from Arabic to English is they are telling us in the past this is what happened and why it was postponed... [post 1 of 2....stay tuned]
9-11-2019 Newshound Guru Jeff ...clear back in July....I said IMO our next window for the possibility of the rate changing would be over the weekend of September 21st/22nd. As you see all the factual information is walking you up to that point..most of the other gurus are just now catching up with us...we're looking amazing...In my opinion I think we have about another week and a half left in this...
9-11-2019 Newshound Guru future [ It is quite simple really! Either Iraq will add value to their currency or they will not ! And to what degree it will be . Every currency has potential to fluctuate up or down ...] well from news articles they have said they will reinstate or bring their dinar back to the glory days...when? is the biggest ?.
9-10-2019 Newshound/Intel Guru BGG Article: "Central Bank announces strategic banking projects for the next five years" Quote: "...the success of the Central Bank’s policy in achieving an important transition to the Iraqi economy and achieve stability in the exchange rate and the recovery of the Iraqi dinar and raise its purchasing power, one of the objectives of strengthening the economy..." CBI MAKES BIG BIG ANNOUNCEMENT… GETTING READY FOR THE “RECOVERY” OF THE DINAR TO IT’S FORMER WEALTH!!
9-10-2019 Newshound Guru Breitling Why do you feel so good about what's going on? It's because the people who put this together they're moving this forward - that's why. The language that they used at the beginning, 'We are going to start adding value to our currency and we want to participate in certain markets.' You're watching it literally happen before your very eyes...
9-10-2019 Intel Guru Frank ...the introduction of the description and pictures of the new small category notes and the coins, which in reality are called visual aids (there will be videos too)...IMO...will be be out before the end of this month of September...Part II: ...the satellite private banks information that they would be opening in the next two weeks: We got this information from our teams that were at the meetings with the CBI and approximated two weeks. That would still leave us 1 week left in the month of September...the description [of small notes & coins] is coming out IMO in two weeks. After that if they raise the value they can put the small category notes and coins in the hands of the citizens and they can open the 'satellite' banks...the three things need to come together...1, 2, 3...
9-10-2019 Intel Guru MarkZ I’m actually feeling confident we are going to see something this week. I am more optimistic today then I have been in a long time. …Exchanges have already occurred and the holds will be removed and they will be able to spend what they see. My contacts in Iraq are really expecting new rates to start rolling out overnight tonight and continue for the next 2weeks. I am pretty excited. [Is dong still in the first basket? Have you heard any rates lately?] I hear it is definitely in the first basket. Hearing Dinar $3.91 up to $4.41 is possible...
9-10-2019 Newshound Guru Kaperoni ...there have been many discussions about a float over the years from the CBI, and economic experts in Iraq...Floating the currency is not some arbitrary or random event it precedes pressure created on their financial system otherwise the repercussions could be bad for the country...if significant investment is going to come into Iraq as expected it's going to create pressure. There has to be a mechanism in place just prior to relieve that pressure. That mechanism is a float...If you do not have a mechanism in place, the monetary stability in the country will be thrown completely out of whack. And the CBI could lose control over the currency as inflation skyrockets as a result...precautions need to be in place and tools are used to maintain the stability
9-10-2019 Newshound Guru Jeff I feel the formation of the government is secretly done. Just waiting to be announced. It has to be announced no matter what...the definite ones that have to be fulfilled right now are the Education Minister and the three remaining Vice Presidents...which they're doing this coming Saturday is what they've told us in the latest news...
9-10-2019 Newshound/Intel Guru Mnt Goat We are now hearing yet more international organizations getting involved with Iraq. Even the oil minister has stated Iraq is ripe for international investors. Really? Now even China...is stepping up and announces its willingness to invest in Iraq. This could lead to an economic revolution within Iraq. How can they survive and transfer funds to and from Iraq with this currency auction still in place? Do they want to mess with these 3 zeros? Don’t they want a normalized and simplified currency denominations to work with? The answers are Yes and Yes and they have already told Iraq this is the case. This is why the finance committee is pushing the CBI to complete the project to delete the zeros.
9-10-2019 Intel Guru MarkZ [via PDK] ...do not have an update out of Iraq...yet [...if we are to be liquid on Wed. when should we have 800#s?] i hate to even say, but I am hearing late Tuesday Night. [Tomorrow (Tuesday) is a holiday in Iraq] ...they can and could pull the trigger on a holiday. [Can Iraq raise their rate internationally without the global revalue or does it have to go all at once?] Iraq signed on with the Gold treaty so internationally it will all go [at] once.
9-10-2019 Newshound Guru Breitling Why do you feel so good about what's going on? It's because the people who put this together they're moving this forward - that's why. The language that they used at the beginning, 'We are going to start adding value to our currency and we want to participate in certain markets.' You're watching it literally happen before your very eyes...
9-10-2019 Intel Guru Frank ...the introduction of the description and pictures of the new small category notes and the coins, which in reality are called visual aids (there will be videos too)...IMO...will be be out before the end of this month of September...Part II: ...the satellite private banks information that they would be opening in the next two weeks: We got this information from our teams that were at the meetings with the CBI and approximated two weeks. That would still leave us 1 week left in the month of September...the description [of small notes & coins] is coming out IMO in two weeks. After that if they raise the value they can put the small category notes and coins in the hands of the citizens and they can open the 'satellite' banks...the three things need to come together...1, 2, 3...
9-10-2019 Intel Guru MarkZ I’m actually feeling confident we are going to see something this week. I am more optimistic today then I have been in a long time. …Exchanges have already occurred and the holds will be removed and they will be able to spend what they see. My contacts in Iraq are really expecting new rates to start rolling out overnight tonight and continue for the next 2weeks. I am pretty excited. [Is dong still in the first basket? Have you heard any rates lately?] I hear it is definitely in the first basket. Hearing Dinar $3.91 up to $4.41 is possible...
9-10-2019 Newshound Guru Kaperoni ...there have been many discussions about a float over the years from the CBI, and economic experts in Iraq...Floating the currency is not some arbitrary or random event it precedes pressure created on their financial system otherwise the repercussions could be bad for the country...if significant investment is going to come into Iraq as expected it's going to create pressure. There has to be a mechanism in place just prior to relieve that pressure. That mechanism is a float...If you do not have a mechanism in place, the monetary stability in the country will be thrown completely out of whack. And the CBI could lose control over the currency as inflation skyrockets as a result...precautions need to be in place and tools are used to maintain the stability
9-10-2019 Newshound Guru Jeff I feel the formation of the government is secretly done. Just waiting to be announced. It has to be announced no matter what...the definite ones that have to be fulfilled right now are the Education Minister and the three remaining Vice Presidents...which they're doing this coming Saturday is what they've told us in the latest news...
9-10-2019 Newshound/Intel Guru Mnt Goat We are now hearing yet more international organizations getting involved with Iraq. Even the oil minister has stated Iraq is ripe for international investors. Really? Now even China...is stepping up and announces its willingness to invest in Iraq. This could lead to an economic revolution within Iraq. How can they survive and transfer funds to and from Iraq with this currency auction still in place? Do they want to mess with these 3 zeros? Don’t they want a normalized and simplified currency denominations to work with? The answers are Yes and Yes and they have already told Iraq this is the case. This is why the finance committee is pushing the CBI to complete the project to delete the zeros.
9-10-2019 Intel Guru MarkZ [via PDK] ...do not have an update out of Iraq...yet [...if we are to be liquid on Wed. when should we have 800#s?] i hate to even say, but I am hearing late Tuesday Night. [Tomorrow (Tuesday) is a holiday in Iraq] ...they can and could pull the trigger on a holiday. [Can Iraq raise their rate internationally without the global revalue or does it have to go all at once?] Iraq signed on with the Gold treaty so internationally it will all go [at] once.
9-9-2019 Intel Guru Frank26 I said on Friday we believe mainland states (if not all, a good percentage of them) will have private banks that have signed agreements with the CBI to represent them and to be linked with them...when we enter the 4th week of this month my teams and I are really really going to be looking for and focused on these private banks. We believe the CBI will tell you before them. They've already told the citizens. We believe the rate will have to go up before they even open those obviously...Iraq is about too say 'yeah, we'll play fair with our currency'...
9-9-2019 Newshound Guru Kaperoni I have always said the pace of the appreciation on a float is based on how fast investment comes into the country. The faster investors bring money through the cbi's capital account to invest in rebuilding, etc. The more pressure it creates causing the CBI to allow the currency to appreciate. So it could make a big move in a relatively short period of time? Of course...That is what the balassa -Samuelson effect is...the directive from the IMF to float the currency is the safest and best solution for all of us to see the currency go up in value because a RV of any significant amount is not possible...a float is the only reasonable solution as requested by the IMF in 2013 as part of the Article IV Consultation...I wouldn't be in it if I believed in a LOP. But I do believe that anything other than a float is unrealistic at this point...
[Refernece Guru Chattels post below]
9-9-2019 Newshound Guru chattels Sounds as if they may require two lifetimes for the dinar to appreciate in the manner argued by [Guru] Kaperoni, but maybe that is our reality? [Reference Guru Kaperoni post from 9-9-2019 below.]
9-9-2019 Newshound/Intel Guru Mnt Goat What about getting HCL and article 140 completed? The HCL is already completed and has been passed since 2018, but not yet implemented fully and that is the problem. This too must be implemented and not just a law on paper. ...Iraq is NOT going to get back their global currency...unless they implement their constitution “fully”...There are two main areas of concern- Article 140 and HCL. Some say also judicial reform but this is also already underway...Many also say that the Iranian influence must be gone out of Iraq...As long as they are in Iraq the US will keep a military presence in Iraq. I do not believe this is going to stop the reinstatement. If it was, they would not have progressed to this point of launching the smaller, smaller category notes and coins.
9-9-2019 Newshound Guru Jeff All we need is a VP to finish the formation of the government? They have multiple positions to fill, Education, VP's, possible a few special grades. They'll need a few weeks to complete it...next session 9/14.
9-9-2019 Intel Guru MarkZ I am still stunned and surprised that we havn’t see it last week. I am hearing from my contacts in Iraq that they are starting a 2 week roll out starting tomorrow….including coins, lower denominations ect…I know many of you are concerned with rumors from other intel providers about lops ect…dont be. A Lop doesn’t even make sense…it won’t fix anything in Iraq...
9-9-2019 Newshound Guru Jeff ...squashing his [Guru Kaperoni's] entire theory of, 'oh, they have to float it because they have 74 trillion in circulation'...CBI already came out and said they're gonna pull that large amount out of circulation when the rate changes. Because most of that 74 trillion is outside of Iraq held by investors in other countries and the CBI does not give two craps about it...
9-9-2019 Newshound Guru Kaperoni ...dinar rates...in excess of $3...not possible. Iraq could never afford any such RV/RI. The only scenario where I could see such a thing is if they LOP first. I've already stated I don't believe that Iraq would LOP. That being said, the only thing they can do is raise the value gradually over time as I've discussed many times via a float. The reason why I say they will float is 1. the IMF specifically gave such a directive, 2. Iraq can't afford any other increase in value with so much currency in circulation, 3. have to reduce the currency which can't occur until after the value starts to rise. So we'll just have to wait and see how the next several months play out. But I know one thing if they're going to raise the value it's going to have to occur gradually...
9-9-2019 Newshound Guru Kaperoni I have always said the pace of the appreciation on a float is based on how fast investment comes into the country. The faster investors bring money through the cbi's capital account to invest in rebuilding, etc. The more pressure it creates causing the CBI to allow the currency to appreciate. So it could make a big move in a relatively short period of time? Of course...That is what the balassa -Samuelson effect is...the directive from the IMF to float the currency is the safest and best solution for all of us to see the currency go up in value because a RV of any significant amount is not possible...a float is the only reasonable solution as requested by the IMF in 2013 as part of the Article IV Consultation...I wouldn't be in it if I believed in a LOP. But I do believe that anything other than a float is unrealistic at this point...
[Refernece Guru Chattels post below]
9-9-2019 Newshound Guru chattels Sounds as if they may require two lifetimes for the dinar to appreciate in the manner argued by [Guru] Kaperoni, but maybe that is our reality? [Reference Guru Kaperoni post from 9-9-2019 below.]
9-9-2019 Newshound/Intel Guru Mnt Goat What about getting HCL and article 140 completed? The HCL is already completed and has been passed since 2018, but not yet implemented fully and that is the problem. This too must be implemented and not just a law on paper. ...Iraq is NOT going to get back their global currency...unless they implement their constitution “fully”...There are two main areas of concern- Article 140 and HCL. Some say also judicial reform but this is also already underway...Many also say that the Iranian influence must be gone out of Iraq...As long as they are in Iraq the US will keep a military presence in Iraq. I do not believe this is going to stop the reinstatement. If it was, they would not have progressed to this point of launching the smaller, smaller category notes and coins.
9-9-2019 Newshound Guru Jeff All we need is a VP to finish the formation of the government? They have multiple positions to fill, Education, VP's, possible a few special grades. They'll need a few weeks to complete it...next session 9/14.
9-9-2019 Intel Guru MarkZ I am still stunned and surprised that we havn’t see it last week. I am hearing from my contacts in Iraq that they are starting a 2 week roll out starting tomorrow….including coins, lower denominations ect…I know many of you are concerned with rumors from other intel providers about lops ect…dont be. A Lop doesn’t even make sense…it won’t fix anything in Iraq...
9-9-2019 Newshound Guru Jeff ...squashing his [Guru Kaperoni's] entire theory of, 'oh, they have to float it because they have 74 trillion in circulation'...CBI already came out and said they're gonna pull that large amount out of circulation when the rate changes. Because most of that 74 trillion is outside of Iraq held by investors in other countries and the CBI does not give two craps about it...
9-9-2019 Newshound Guru Kaperoni ...dinar rates...in excess of $3...not possible. Iraq could never afford any such RV/RI. The only scenario where I could see such a thing is if they LOP first. I've already stated I don't believe that Iraq would LOP. That being said, the only thing they can do is raise the value gradually over time as I've discussed many times via a float. The reason why I say they will float is 1. the IMF specifically gave such a directive, 2. Iraq can't afford any other increase in value with so much currency in circulation, 3. have to reduce the currency which can't occur until after the value starts to rise. So we'll just have to wait and see how the next several months play out. But I know one thing if they're going to raise the value it's going to have to occur gradually...
9-8-2019 Intel Guru Frank26 [Question: If we have a 25K note and went to a satellite bank and the rate was $2.00 would we get $50,000?] You see, inside of Iraq that 25k note is 25 dinars. But outside of Iraq that 25k note is still a 25k note...if it was 2 to 1 you'd have $50,000 American dollars...if you had a million dinars and the rate was 1 to 1...you're going to get $1 million dollars...it's not complicated...
9-8-2019 Newshound Guru Kaperoni There's a pretty good article that came out the last day or so pertaining to the CBI joining the official forum of monetary and financial institutions (OMFIF). I think this boosts the credibility of the CBI tremendously.
9-8-2019 Newshound Guru Jeff Alright guys now it's time to get excited. The good news is coming out. We were the only ones sticking to our guns that the formation of the government must be completed before you'll see the rate change...I specifically told you to keep your eyes on the second half of September. Boom! An article comes out this morning...telling you they're going to vote on the vice president's in the next session of parliament which is the second half of September...this is the last thing you're waiting on...we're starting to inch to the finish line...
9-8-2019 Newshound/Intel Guru Mnt Goat The rate to reinstate will be essentially the rate prior to the invasion in 2003 with adjustments for equity. We know that the CBI initially wanted to reinstate with this same kind of rate but could not without the banking reforms, the increase in oil production and the gold deposits since discovered... So, they are [in] a great shape to come out at about $3.12+ and some banks are already showing a new rate as calculated by the new system of very close to $4.00. But remember this rate shown could easily be recalculated at the last minute and then moved to FOREX. So we just don’t know for sure... [post 2 of 2]
9-8-2019 Newshound/Intel Guru Mnt Goat ...One of the most important reasons we know for sure they will significantly increase the rate upon the movement process to FOREX is that the CBI told us they plan to put the dinar within a basket of currencies. This basket is the SDR basket of 5 of the leading developed countries in the world and that Iraq is most likely to conduct trade with them. So, the rate must change or else this basket will not work which is the purpose of the basket in the first place – to put currencies “on a level playing field”. .. I am telling you FACTS about the process... the process stated to all of us way back in 2011 by the CBI... [post 1 of 2....stay tuned]
9-8-2019 Intel Guru Frank26 ...we all know by now that the central bank of Iraq is in the process of lifting the value of their currency...there's no sense in putting the dinar, the new small category note, in their [citizens] hand before we raise the value...all that they've done in the massive campaign has made the citizens aware...the next step would be to raise the value NOT to give them what they've been seeing [lower denoms] just yet because it has no value. Once the value is raised...they will get the new small categories...it may float. It may not float. It may come out BOOM! direct at some large number...that's where I think we're at...
9-8-2019 Intel Guru RVAlready Article: "Revealing a study to delete zeros from the Iraqi currency" If you know the history of this, it is easy to see the delay article from Iraq is pure bull. Most of the intel providers are saying soon, and Iraq has been busy for weeks educating the citizens on the RV, new LDs , and coins...
9-8-2019 Newshound Guru Kaperoni There's a pretty good article that came out the last day or so pertaining to the CBI joining the official forum of monetary and financial institutions (OMFIF). I think this boosts the credibility of the CBI tremendously.
9-8-2019 Newshound Guru Jeff Alright guys now it's time to get excited. The good news is coming out. We were the only ones sticking to our guns that the formation of the government must be completed before you'll see the rate change...I specifically told you to keep your eyes on the second half of September. Boom! An article comes out this morning...telling you they're going to vote on the vice president's in the next session of parliament which is the second half of September...this is the last thing you're waiting on...we're starting to inch to the finish line...
9-8-2019 Newshound/Intel Guru Mnt Goat The rate to reinstate will be essentially the rate prior to the invasion in 2003 with adjustments for equity. We know that the CBI initially wanted to reinstate with this same kind of rate but could not without the banking reforms, the increase in oil production and the gold deposits since discovered... So, they are [in] a great shape to come out at about $3.12+ and some banks are already showing a new rate as calculated by the new system of very close to $4.00. But remember this rate shown could easily be recalculated at the last minute and then moved to FOREX. So we just don’t know for sure... [post 2 of 2]
9-8-2019 Newshound/Intel Guru Mnt Goat ...One of the most important reasons we know for sure they will significantly increase the rate upon the movement process to FOREX is that the CBI told us they plan to put the dinar within a basket of currencies. This basket is the SDR basket of 5 of the leading developed countries in the world and that Iraq is most likely to conduct trade with them. So, the rate must change or else this basket will not work which is the purpose of the basket in the first place – to put currencies “on a level playing field”. .. I am telling you FACTS about the process... the process stated to all of us way back in 2011 by the CBI... [post 1 of 2....stay tuned]
9-8-2019 Intel Guru Frank26 ...we all know by now that the central bank of Iraq is in the process of lifting the value of their currency...there's no sense in putting the dinar, the new small category note, in their [citizens] hand before we raise the value...all that they've done in the massive campaign has made the citizens aware...the next step would be to raise the value NOT to give them what they've been seeing [lower denoms] just yet because it has no value. Once the value is raised...they will get the new small categories...it may float. It may not float. It may come out BOOM! direct at some large number...that's where I think we're at...
9-8-2019 Intel Guru RVAlready Article: "Revealing a study to delete zeros from the Iraqi currency" If you know the history of this, it is easy to see the delay article from Iraq is pure bull. Most of the intel providers are saying soon, and Iraq has been busy for weeks educating the citizens on the RV, new LDs , and coins...
9-7-20219 Newshound Guru Jeff ...Frank [Guru Frank26] shared with you some information that I know for a fact is from [Guru] walkingstick..."are you saying walkingstick is reliable? " Yes! ...When I saw this, strongly felt I needed to share because it’s from WS...he is the real deal... [Reference Guru Frank26 post from 9-7-2019]
9-7-2019 Newshound Guru Kaperoni An article today from Parliament clearly states they have no intention of deleting the zeros at this time. As I've said in the past, parliament's plan was a LOP. That is a neutral event and we do not want that. What we do want to see, is foreign investment to come into Iraq and begin to rebuild and create a private sector putting pressure on the financial system allowing the CBI to float the currency. The interesting statement in the article references the 2020 budget deficit as the primary reason for the delay which could mean they're waiting to see the effects of the launch of the market economy first.
9-7-2019 Intel Guru Frank 26 ...there are banks in the US 48 continental states that have signed agreements with the Central Bank of Iraq to represent them...when you walk into a bank...pick a name. 53rd, Key Bank, BOA, JP Morgan whoever. Pick a bank. And say, 'Listen, I'd like to exchange my dinars.'...there will be a dedicated window in these banks or there will be a room just for that...I know of one where they converted an old Western Union into one of these private banks...those [banks] that did agree...they [the CBI] sent them a dinar...the ones that are coming out. The back didn't have anything. The front said "sample"...in my opinion these satellite banks will be opening within the next 2 weeks...they will be exchanging the dinar...I believe they will be open to the public within 2 weeks...
9-7-2019 Newshound/Intel Guru Mnt Goat So our path for the CBI to reintroduce the coins is here. We just have to wait it out and see when they do it. We know that this is a very good step in the right direction... So, in the past I have said that in 2011 the CBI came out with the process of to “delete the zeros” and clearly defined what they had to do to get there. Well…we are almost there and it has been almost a decade since to complete the process. But we are not home yet...The process clearly states that they will delete the zeros (as we have seen in recent articles they are about to do) by launching the “smaller, yet smaller category” notes. ...This step we now know also includes the coins (as they also just told us). ...So, when the smaller, smaller categories do come out they will have to adjust the CBI rate...
9-7-2019 Newshound/Intel Guru Mnt Goat Article: "SHARE OF KURDISTAN RISE TO MORE THAN 17% OF THE FEDERAL BUDGET" So the Kurds for now get what they wanted to survive yet another budget. But this is NOT over until parliament passes the “referendum” required by the new 2005 Iraqi Constitution... Read my lips – ARTICLE 140 IS NOT DONE UNTIL A LAW IS PASSED...So they absolutely must get this referendum passed or this will continue on for ever and ever for each of the years budgets! ARTICLE 140 IS NOT DONE!
9-7-2019 Newshound Guru Kaperoni An article today from Parliament clearly states they have no intention of deleting the zeros at this time. As I've said in the past, parliament's plan was a LOP. That is a neutral event and we do not want that. What we do want to see, is foreign investment to come into Iraq and begin to rebuild and create a private sector putting pressure on the financial system allowing the CBI to float the currency. The interesting statement in the article references the 2020 budget deficit as the primary reason for the delay which could mean they're waiting to see the effects of the launch of the market economy first.
9-7-2019 Intel Guru Frank 26 ...there are banks in the US 48 continental states that have signed agreements with the Central Bank of Iraq to represent them...when you walk into a bank...pick a name. 53rd, Key Bank, BOA, JP Morgan whoever. Pick a bank. And say, 'Listen, I'd like to exchange my dinars.'...there will be a dedicated window in these banks or there will be a room just for that...I know of one where they converted an old Western Union into one of these private banks...those [banks] that did agree...they [the CBI] sent them a dinar...the ones that are coming out. The back didn't have anything. The front said "sample"...in my opinion these satellite banks will be opening within the next 2 weeks...they will be exchanging the dinar...I believe they will be open to the public within 2 weeks...
9-7-2019 Newshound/Intel Guru Mnt Goat So our path for the CBI to reintroduce the coins is here. We just have to wait it out and see when they do it. We know that this is a very good step in the right direction... So, in the past I have said that in 2011 the CBI came out with the process of to “delete the zeros” and clearly defined what they had to do to get there. Well…we are almost there and it has been almost a decade since to complete the process. But we are not home yet...The process clearly states that they will delete the zeros (as we have seen in recent articles they are about to do) by launching the “smaller, yet smaller category” notes. ...This step we now know also includes the coins (as they also just told us). ...So, when the smaller, smaller categories do come out they will have to adjust the CBI rate...
9-7-2019 Newshound/Intel Guru Mnt Goat Article: "SHARE OF KURDISTAN RISE TO MORE THAN 17% OF THE FEDERAL BUDGET" So the Kurds for now get what they wanted to survive yet another budget. But this is NOT over until parliament passes the “referendum” required by the new 2005 Iraqi Constitution... Read my lips – ARTICLE 140 IS NOT DONE UNTIL A LAW IS PASSED...So they absolutely must get this referendum passed or this will continue on for ever and ever for each of the years budgets! ARTICLE 140 IS NOT DONE!
9-6-2019 Newshound Guru Kaperoni If you go back and look at the IMF Article IV Consultation from this year that came out in June, the IMF encouraged the CBI to begin more training programs. We are now seeing an abundance these types of training or seminars throughout Iraq.
9-6-2019 Intel Guru MarkZ My paymaster still wants to be home this weekend...funds are absolutely there and they just need the release to send them to us. He says the public should be in the banks no later than on the 10th or 11th...Actually in there with currency in their hands. It may not be what we wanted...we wanted funds for the weekend...but it’s what we got.
9-6-2019 Newshound Guru larrykn I really wouldn't worry about a LOP...that is just not going to happen, its been in many articles someone is just trying to stir the pot.
9-6-2019 Intel Guru Frank26 [Guru] Walkingstick told us that the next thing that we as a team are looking for is for the picture of the small category notes and the coins that would be equivalent to the new small category notes 1, 5, 10, 20, 50 and 100...soon a flow down of visual aid pictures is going to go to the banks. From the banks to the tellers. From the tellers to the citizens...IMO these pictures are timed for release now due to the success of the massive campaign that has well educated the citizens...these photos are the final evidence of the reinstatement that is to come...
9-6-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQ HAS DECIDED TO APPROVE THE RATING AGENCIES THAT HAVE THE CRITERIA ECAI" Quote: "The Board of Directors of the Central Bank of Iraq has decided to approve the rating agencies that have the criteria ...(ECAI) emanating from the decisions of Basel, to classify the financial institutions in Iraq, namely: Standard & Poor; Moody's; Fitch Ratings; Capital Intelligence" ...this is a WOW! article and tells so much about how they now view their banking system. Folks they are about to compete with other international currencies on the open global trading platforms. Why else would they be so concerned about their ratings from these four agencies? How many times have they told us already this is the plan?...
9-6-2019 Intel Guru MarkZ If you are having doubts about the RV…do some research about when Germany, Kuwait, and other countries have RV’d in the past…Iran and Iraq have also RV’d several times in the past...
9-6-2019 Newshound Guru Vital Brad Article: "Central Bank announces strategic banking projects for the next 5 years." Quote: "The exchange rate as the main achievement of monetary policy applications and one of it's important objectives, which has positive repercussions on the revitalization of the economy and stabilize the monetary and financial system." ...it's not a matter of if they're gonna adjust their exchange rate on their currency. It's when. You can see from the 5 year projection that a lot of these projects that they're planning to complete are gonna be done so with the Iraqi dinar at its raised rate. So some really great news...
9-6-2019 Newshound/Intel Guru Mnt Goat The only real currency we know for sure that will have any significant change in value in the near future is the Iraqi dinar and no other...All the other currencies you hear about are just extremely high speculation. I have been hearing about the Vietnam Dong and its potential to revalue...Could it? Yes, but...a speculative currency investment?
9-6-2019 Intel Guru MarkZ My paymaster still wants to be home this weekend...funds are absolutely there and they just need the release to send them to us. He says the public should be in the banks no later than on the 10th or 11th...Actually in there with currency in their hands. It may not be what we wanted...we wanted funds for the weekend...but it’s what we got.
9-6-2019 Newshound Guru larrykn I really wouldn't worry about a LOP...that is just not going to happen, its been in many articles someone is just trying to stir the pot.
9-6-2019 Intel Guru Frank26 [Guru] Walkingstick told us that the next thing that we as a team are looking for is for the picture of the small category notes and the coins that would be equivalent to the new small category notes 1, 5, 10, 20, 50 and 100...soon a flow down of visual aid pictures is going to go to the banks. From the banks to the tellers. From the tellers to the citizens...IMO these pictures are timed for release now due to the success of the massive campaign that has well educated the citizens...these photos are the final evidence of the reinstatement that is to come...
9-6-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQ HAS DECIDED TO APPROVE THE RATING AGENCIES THAT HAVE THE CRITERIA ECAI" Quote: "The Board of Directors of the Central Bank of Iraq has decided to approve the rating agencies that have the criteria ...(ECAI) emanating from the decisions of Basel, to classify the financial institutions in Iraq, namely: Standard & Poor; Moody's; Fitch Ratings; Capital Intelligence" ...this is a WOW! article and tells so much about how they now view their banking system. Folks they are about to compete with other international currencies on the open global trading platforms. Why else would they be so concerned about their ratings from these four agencies? How many times have they told us already this is the plan?...
9-6-2019 Intel Guru MarkZ If you are having doubts about the RV…do some research about when Germany, Kuwait, and other countries have RV’d in the past…Iran and Iraq have also RV’d several times in the past...
9-6-2019 Newshound Guru Vital Brad Article: "Central Bank announces strategic banking projects for the next 5 years." Quote: "The exchange rate as the main achievement of monetary policy applications and one of it's important objectives, which has positive repercussions on the revitalization of the economy and stabilize the monetary and financial system." ...it's not a matter of if they're gonna adjust their exchange rate on their currency. It's when. You can see from the 5 year projection that a lot of these projects that they're planning to complete are gonna be done so with the Iraqi dinar at its raised rate. So some really great news...
9-6-2019 Newshound/Intel Guru Mnt Goat The only real currency we know for sure that will have any significant change in value in the near future is the Iraqi dinar and no other...All the other currencies you hear about are just extremely high speculation. I have been hearing about the Vietnam Dong and its potential to revalue...Could it? Yes, but...a speculative currency investment?
9-5-2019 Newshound Guru Vital Brad Central Bank of Iraq Article: "The Central Bank Begins Steps to Join The Official Monetary and Financial Policy Forum (OMFIF)" If that's not saying Iraq is stepping into the big leagues I don't know what is. Independent global think tank for central banks. And they develop major projects in London, Singapore, Washington - some of the main financial hubs of the world. It's a beautiful thing...
9-5-2019 Newshound Guru chattels ["which way you think this will pan out, do they delete our 3 zeros from the 25k note and we break even or do they delete the 3 zeros from the exchange rate that being 0.00084? then it would be 0.84 and let market forces take over?"] I do not know. I have always argued/ allowed for the possibility of a "lop". It is a recurrent notion, indeed there will be rumors and the possibility of a "lop" until there is a definitive event of some type, eh? The persistent debate regarding "lop" or "float" or "RV" have become tedious. I am invested and will stay the course at this point for better or worse.
9-5-2019 Newshound Guru MilitiaMan The AMF is complete in launching a special Index database for Iraqi Securities. They have it ready, as they calculated the index as being from 07/31/2019... They showcased the ISX with the NASDAQ months ago, yet to see a live connection and today we see the AMF having completed the calculation and the database for the financial markets with Iraq. The NASDAQ has rules and for stocks (securities) to trade on the platform need to be north of $2.00 USD in value and that requires when under $4.00 being standard. So, imo they cannot do it at any rate.. jmtc. When they go live we will be happy campers...
9-5-2019 Intel Guru RayRen98 MY BANK SOURCE IS TO REPORT "AT EXCHANGE LOCATION" AND THINKS HE WILL SEE US SOMETIME TODAY - THURSDAY. TIME WILL TELL.
9-5-2019 Intel Guru Frank26 ...the Central Bank of Iraq is on a major campaign right now. And it's happening so fast we can't keep up with it...there is a massive campaign that is out there right now by the Central Bank of Iraq to let everyone inside of Iraq know that they are going through a monetary reform...right now we're dealing with the interior of Iraq, the citizens, because if it doesn't work with them it's not gonna work with you. It's not gonna work with the international markets...this massive campaign is out in full force...it's exploded even more...the citizens are being primed. They're being pumped. They're being educated. They're being motivated. They're being stimulated...
9-5-2019 Intel Guru MarkZ No new rate reported yet from contacts in Iraq. I hear from all my sources in Iraq that they are totally done and waiting for the rest of the world ...They have to be very frustrated with us. I feel we are right on top of it based on Paymasters, attorneys, contacts in Europe and Iraq and Asia... articles around the world on gold standards and basel accords: ...so much points to it being ready to pop.
9-5-2019 Newshound Guru Kaperoni [I don't care how it gains value as long as something happens!] Well hopefully it will start in the next 3-6 months... Everyone...should be hoping that come the first of the year, the laws are passed and international investors are lined up to bring money into Iraq to rebuild and support a market economy. ...one thing is sure...Iraq expects 70 billion from private investors in 2020. ...70 billion USD is a lot of potential pressure for the CBI. [post 3 of 3]
9-5-2019 Newshound Guru Kaperoni [Ultimately isn't it the CBI that makes the decisions?] Yes the CBI has to do it. But no because Iraq has to follow the Stand By Agreements they signed in exchange for loans over the years with the UN, IMF and WB...And the IMF became the Trustee of the CBI in Dec 2015 per agreement signed. Therefore, I see the IMF directives going forward. And if you look at the success of the CBI since Dec 2015 their has been several successes including reducing the spread to within 2%, maintaining a stable exchange rate for over a year, and significant progress on money laundering. [post 2 of 3....stay tuned]
9-5-2019 Newshound Guru Kaperoni ...why would Iraq be working so hard to create a market economy and get private investment if they did not plan to follow the IMF directive to float the dinar? I believe that is why we have not seen the CBI do anything as of yet...The conditions for the float are not in place...meaning the laws and investment. ...People tell me all the time...We don't trust the IMF. Or what proof do we have the IMF is in charge. etc. Well my question is...when has the IMF been wrong with Iraq? When has Iraq not done what they IMF asked? [post 1 of 3....stay tuned]
9-5-2019 Newshound Guru chattels ["which way you think this will pan out, do they delete our 3 zeros from the 25k note and we break even or do they delete the 3 zeros from the exchange rate that being 0.00084? then it would be 0.84 and let market forces take over?"] I do not know. I have always argued/ allowed for the possibility of a "lop". It is a recurrent notion, indeed there will be rumors and the possibility of a "lop" until there is a definitive event of some type, eh? The persistent debate regarding "lop" or "float" or "RV" have become tedious. I am invested and will stay the course at this point for better or worse.
9-5-2019 Newshound Guru MilitiaMan The AMF is complete in launching a special Index database for Iraqi Securities. They have it ready, as they calculated the index as being from 07/31/2019... They showcased the ISX with the NASDAQ months ago, yet to see a live connection and today we see the AMF having completed the calculation and the database for the financial markets with Iraq. The NASDAQ has rules and for stocks (securities) to trade on the platform need to be north of $2.00 USD in value and that requires when under $4.00 being standard. So, imo they cannot do it at any rate.. jmtc. When they go live we will be happy campers...
9-5-2019 Intel Guru RayRen98 MY BANK SOURCE IS TO REPORT "AT EXCHANGE LOCATION" AND THINKS HE WILL SEE US SOMETIME TODAY - THURSDAY. TIME WILL TELL.
9-5-2019 Intel Guru Frank26 ...the Central Bank of Iraq is on a major campaign right now. And it's happening so fast we can't keep up with it...there is a massive campaign that is out there right now by the Central Bank of Iraq to let everyone inside of Iraq know that they are going through a monetary reform...right now we're dealing with the interior of Iraq, the citizens, because if it doesn't work with them it's not gonna work with you. It's not gonna work with the international markets...this massive campaign is out in full force...it's exploded even more...the citizens are being primed. They're being pumped. They're being educated. They're being motivated. They're being stimulated...
9-5-2019 Intel Guru MarkZ No new rate reported yet from contacts in Iraq. I hear from all my sources in Iraq that they are totally done and waiting for the rest of the world ...They have to be very frustrated with us. I feel we are right on top of it based on Paymasters, attorneys, contacts in Europe and Iraq and Asia... articles around the world on gold standards and basel accords: ...so much points to it being ready to pop.
9-5-2019 Newshound Guru Kaperoni [I don't care how it gains value as long as something happens!] Well hopefully it will start in the next 3-6 months... Everyone...should be hoping that come the first of the year, the laws are passed and international investors are lined up to bring money into Iraq to rebuild and support a market economy. ...one thing is sure...Iraq expects 70 billion from private investors in 2020. ...70 billion USD is a lot of potential pressure for the CBI. [post 3 of 3]
9-5-2019 Newshound Guru Kaperoni [Ultimately isn't it the CBI that makes the decisions?] Yes the CBI has to do it. But no because Iraq has to follow the Stand By Agreements they signed in exchange for loans over the years with the UN, IMF and WB...And the IMF became the Trustee of the CBI in Dec 2015 per agreement signed. Therefore, I see the IMF directives going forward. And if you look at the success of the CBI since Dec 2015 their has been several successes including reducing the spread to within 2%, maintaining a stable exchange rate for over a year, and significant progress on money laundering. [post 2 of 3....stay tuned]
9-5-2019 Newshound Guru Kaperoni ...why would Iraq be working so hard to create a market economy and get private investment if they did not plan to follow the IMF directive to float the dinar? I believe that is why we have not seen the CBI do anything as of yet...The conditions for the float are not in place...meaning the laws and investment. ...People tell me all the time...We don't trust the IMF. Or what proof do we have the IMF is in charge. etc. Well my question is...when has the IMF been wrong with Iraq? When has Iraq not done what they IMF asked? [post 1 of 3....stay tuned]
9-4-2019 Newshound/Intel Guru Mnt Goat We made it to September and still no reinstatement. However, we do know we are at the cusp of the launching of the second set of smaller categories, this time in coins. It is coming soon. Just remember what I have told you about the process of “deleting the zeros” and what exactly is involved...This process of “deleting the zeros” alone does not get us to the banks to exchange. ...In fact it won’t really mean much to us in Iraq but it is an indicator to us of what is to follow. What will get us to the banks (and allow the banks to exchange) is the “reinstatement” of the Iraqi dinar on the global currency markets namely FOREX. There is nothing else that is going to allow us to exchange.
9-4-2019 Newshound Guru Kaperoni People want to associate me with some float theory. It's not a theory it's what the IMF has specifically asked the CBI to prepare for in 2013. That is a fact and subsequently the CBI has been making significant changes with monetary policy and economic conditions to accommodate such a move. That is a fact. That is not my theory.
9-4-2019 Newshound Guru Adam Montana I think it's more important to have a "big picture" mentality. If you adopt that, you'll realize that the more news we are seeing about "Oil and Gas", which is precisely the topic we want to hear about... the more we hear about it, the more we are going to see the words "delay", "issues", etc. My point is that if we are hearing those words more than we usually do... this is actually a GOOD thing. It means they are paying attention, my friends. It means they are actually working on the important stuff. That's enough to make me happy on this particular Wednesday. [post 2 of 2]
9-4-2019 Newshound Guru Adam Montana ...OIL has flattened out around $56. This is key to the coming weeks, where HCL is expected to be a key topic. If OIL was going nuts, we couldn't expect any solid HCL progress... Next - delays, holidays, corruption, oh my! ...There are times when I read the news and I think "this isn't going to help" - but there are other times when we can see a story and even though it uses the words "delay" or "holiday" or (*insert anything here), that doesn't mean "all is lost". [post 1 of 2....stay tuned]
9-4-2019 Intel Guru Frank26 What did we say that would be happening right now? A massive campaign of education to the citizens. You see it don't you? This massive campaign to get the message across to the citizens has been extremely successful...
9-4-2019 Intel Guru MarkZ My redemption center contacts are still at work waiting and expecting. They also work as wealth managers so try to keep busy. I have 4 contacts (boots on the ground) in Iraq. I hear there is a lot of articles out to educate the Iraqis…but no physical coins released yet. My contacts still expect the new rate at any time. I think we will have a great week this week. I know you guys are tired of hearing this...but based on everything happening... this is how I really feel.
9-4-2019 Newshound Guru Vital Brad [dinar exchange process] ...there's lots of different information coming out from different gurus. When Iraq's currency is reinstated...All major cities have a place where you can go exchange and deal in foreign currency. So you just go look up your local Forex banks in your area and you're gonna be able to trade it right there at the going rate...when you're dealing with large amounts of money there may be a restriction on withdrawal time. They may need time to get the funds...IMO there isn't gonna be a need to go to a specific location...I don't believe there's gonna be different rates that are offered...I've heard by calling these specific numbers you're gonna get a special higher rate than everyone else, I don't believe that to be true...I don't think it's gonna be as complicated as some people are making it out to be...
9-4-2019 Newshound Guru MilitiaMan Article: "Parliament holds its first legislative session after 10 Muharram" Quote: "Chapter III will be dedicated to controversial laws that were not agreed upon during previous sessions, such as oil and gas laws and the abolition of the offices of general inspectors and the Federal Court and other laws," ...they extend the session to apparently cover Mahdi's past pledge to the people...to have the reforms done in the current legislative period...which falls within the next 7 days...That means to me they will have to have the reforms such as the Oil & Gas done before they end the current session, the next session begins after the 10th of September. That requires imo an international rate to be done and applied, hence, the extension has been noted publicly today.
9-4-2019 Newshound Guru Jeff ...roughly 60% of their [Iraq's] citizens are roughly around the age 35 and under. So if the majority of their citizens are around 35 and younger they can't just start educating them on the deletion of the zeros many months ahead. They have to do it in close proximity to the the timing of the rate change so it stays fresh in their heads. And they just started that process 2 weeks ago...the information still strongly shows... that they have intentions of changing the rate in the second half of September...
9-4-2019 Newshound Guru Kaperoni People want to associate me with some float theory. It's not a theory it's what the IMF has specifically asked the CBI to prepare for in 2013. That is a fact and subsequently the CBI has been making significant changes with monetary policy and economic conditions to accommodate such a move. That is a fact. That is not my theory.
9-4-2019 Newshound Guru Adam Montana I think it's more important to have a "big picture" mentality. If you adopt that, you'll realize that the more news we are seeing about "Oil and Gas", which is precisely the topic we want to hear about... the more we hear about it, the more we are going to see the words "delay", "issues", etc. My point is that if we are hearing those words more than we usually do... this is actually a GOOD thing. It means they are paying attention, my friends. It means they are actually working on the important stuff. That's enough to make me happy on this particular Wednesday. [post 2 of 2]
9-4-2019 Newshound Guru Adam Montana ...OIL has flattened out around $56. This is key to the coming weeks, where HCL is expected to be a key topic. If OIL was going nuts, we couldn't expect any solid HCL progress... Next - delays, holidays, corruption, oh my! ...There are times when I read the news and I think "this isn't going to help" - but there are other times when we can see a story and even though it uses the words "delay" or "holiday" or (*insert anything here), that doesn't mean "all is lost". [post 1 of 2....stay tuned]
9-4-2019 Intel Guru Frank26 What did we say that would be happening right now? A massive campaign of education to the citizens. You see it don't you? This massive campaign to get the message across to the citizens has been extremely successful...
9-4-2019 Intel Guru MarkZ My redemption center contacts are still at work waiting and expecting. They also work as wealth managers so try to keep busy. I have 4 contacts (boots on the ground) in Iraq. I hear there is a lot of articles out to educate the Iraqis…but no physical coins released yet. My contacts still expect the new rate at any time. I think we will have a great week this week. I know you guys are tired of hearing this...but based on everything happening... this is how I really feel.
9-4-2019 Newshound Guru Vital Brad [dinar exchange process] ...there's lots of different information coming out from different gurus. When Iraq's currency is reinstated...All major cities have a place where you can go exchange and deal in foreign currency. So you just go look up your local Forex banks in your area and you're gonna be able to trade it right there at the going rate...when you're dealing with large amounts of money there may be a restriction on withdrawal time. They may need time to get the funds...IMO there isn't gonna be a need to go to a specific location...I don't believe there's gonna be different rates that are offered...I've heard by calling these specific numbers you're gonna get a special higher rate than everyone else, I don't believe that to be true...I don't think it's gonna be as complicated as some people are making it out to be...
9-4-2019 Newshound Guru MilitiaMan Article: "Parliament holds its first legislative session after 10 Muharram" Quote: "Chapter III will be dedicated to controversial laws that were not agreed upon during previous sessions, such as oil and gas laws and the abolition of the offices of general inspectors and the Federal Court and other laws," ...they extend the session to apparently cover Mahdi's past pledge to the people...to have the reforms done in the current legislative period...which falls within the next 7 days...That means to me they will have to have the reforms such as the Oil & Gas done before they end the current session, the next session begins after the 10th of September. That requires imo an international rate to be done and applied, hence, the extension has been noted publicly today.
9-4-2019 Newshound Guru Jeff ...roughly 60% of their [Iraq's] citizens are roughly around the age 35 and under. So if the majority of their citizens are around 35 and younger they can't just start educating them on the deletion of the zeros many months ahead. They have to do it in close proximity to the the timing of the rate change so it stays fresh in their heads. And they just started that process 2 weeks ago...the information still strongly shows... that they have intentions of changing the rate in the second half of September...
9-3-2019 Newshound Guru Kaperoni [via xyz] [what's the difference if the floating take an year to 1000%, which you call gradual vs 1000% in a month?] technically there is no difference but the pace and rate is set by the CBI. I don't know if they could reduce the money supply that fast. I think 6 months is realistic at a min.
9-3-2019 Intel Guru MarkZ I am very excited about this week still...i think we are right on top of the GCR...Based on what I’m hearing this should be our week. As far as 800 numbers...I feel we could see them tomorrow or Thursday at the latest…based on what we are hearing. What we also hear from the Iraqi contacts they expect to see a new CBI Governor and a new rate by Thursday. The rate they are expecting is $3.91 - $4.25...no one knows the exact time...We are all trying to figure this out based on news and sources .
9-3-2019 Newshound/Intel Guru RVAlready We can see CBI educating people and preparing to release this. Progress is certainly being made...
9-3-2019 Newshound Guru Kaperoni Several good articles...over the holiday weekend...talks about the upcoming parliament session. Over 150 laws that need to be passed including Oil & Gas law.
9-3-2019 Newshound Guru Jeff ...there was an article from yesterday that told you that they still have roughly 150 laws they call the controversial laws that they have to get approved and get finalized and get implemented...those 150 laws are post rate change laws...notice how they're hiding them from us and they're not telling us what all 150 are...but again it will happen after the rate change not before.
9-3-2019 Newshound Guru future A lop is the last thing iraq wants to do...a lop shows weakness, screws over their own citizens and sends a bad signal to investors...iraq cares about whats in their own borders. [an increase won't make them any richer, would it?] they get the purcashing power and their lives back...we get rich...they care about their country and their citizens...iraq is filthy rich we are nothing to them...['we' are nothing, what 'we' hold.] yep. we will find out soon. [but would you agree that we have been here before? expectng to find out] no they are bringing out the fils/coins...we havent had that.
9-3-2019 Newshound Guru Jeff ...they delayed parliament by two weeks. You know what they just told you guys? They don't have a damn thing to do. That's why they delayed this for 2 weeks. They have nothing left to do. What did I tell you 3 or 4 weeks ago? We don't want to see them do anything. And they just told you they don't have a damn thing to do. That's why they've delayed it by two weeks. You guys should be screaming with excitement right now...
9-3-2019 Intel Guru Frank26 ...the citizens are extremely excited and ready...The citizens have been shown by description. By pictures. By commercials about the ATM machines and MasterCards and the coins and the fill and so forth. The New small category notes that will be replacing the 3 zero notes...because they have explained to them the process of the lifting of the 3 zeros. All of this you have seen over and over and over gain...
9-3-2019 Newshound Guru MyLadies ...I'm not suggesting anyone get rid of it or sell it or whatever, I am simply saying there will not be overnight millionaires, the currency has a value and when it is excepted internationally there will be a trade to be made and the current value will be leveraged at an institutional level and a private level for those holding enough...currently the dinar sits at 1190 if the value raises against the dollar to even 1130 1140 1150 that is a good day in the currency trading arena.... [post 2 of 2]
9-3-2019 Intel Guru MarkZ I am very excited about this week still...i think we are right on top of the GCR...Based on what I’m hearing this should be our week. As far as 800 numbers...I feel we could see them tomorrow or Thursday at the latest…based on what we are hearing. What we also hear from the Iraqi contacts they expect to see a new CBI Governor and a new rate by Thursday. The rate they are expecting is $3.91 - $4.25...no one knows the exact time...We are all trying to figure this out based on news and sources .
9-3-2019 Newshound/Intel Guru RVAlready We can see CBI educating people and preparing to release this. Progress is certainly being made...
9-3-2019 Newshound Guru Kaperoni Several good articles...over the holiday weekend...talks about the upcoming parliament session. Over 150 laws that need to be passed including Oil & Gas law.
9-3-2019 Newshound Guru Jeff ...there was an article from yesterday that told you that they still have roughly 150 laws they call the controversial laws that they have to get approved and get finalized and get implemented...those 150 laws are post rate change laws...notice how they're hiding them from us and they're not telling us what all 150 are...but again it will happen after the rate change not before.
9-3-2019 Newshound Guru future A lop is the last thing iraq wants to do...a lop shows weakness, screws over their own citizens and sends a bad signal to investors...iraq cares about whats in their own borders. [an increase won't make them any richer, would it?] they get the purcashing power and their lives back...we get rich...they care about their country and their citizens...iraq is filthy rich we are nothing to them...['we' are nothing, what 'we' hold.] yep. we will find out soon. [but would you agree that we have been here before? expectng to find out] no they are bringing out the fils/coins...we havent had that.
9-3-2019 Newshound Guru Jeff ...they delayed parliament by two weeks. You know what they just told you guys? They don't have a damn thing to do. That's why they delayed this for 2 weeks. They have nothing left to do. What did I tell you 3 or 4 weeks ago? We don't want to see them do anything. And they just told you they don't have a damn thing to do. That's why they've delayed it by two weeks. You guys should be screaming with excitement right now...
9-3-2019 Intel Guru Frank26 ...the citizens are extremely excited and ready...The citizens have been shown by description. By pictures. By commercials about the ATM machines and MasterCards and the coins and the fill and so forth. The New small category notes that will be replacing the 3 zero notes...because they have explained to them the process of the lifting of the 3 zeros. All of this you have seen over and over and over gain...
9-3-2019 Newshound Guru MyLadies ...I'm not suggesting anyone get rid of it or sell it or whatever, I am simply saying there will not be overnight millionaires, the currency has a value and when it is excepted internationally there will be a trade to be made and the current value will be leveraged at an institutional level and a private level for those holding enough...currently the dinar sits at 1190 if the value raises against the dollar to even 1130 1140 1150 that is a good day in the currency trading arena.... [post 2 of 2]
9-2-2019 Newshound Guru MyLadies In my opinion it's really just a common sense issue...Iraq is not in a vacuum and the biggest pill to swallow is the one where we finally have to admit to ourselves that we were just foolish and uneducated and gullible and dazzled by bull**** to think we would be millionaires overnight...Those who choose to accept what deleting the zeros...will be able to make a plan. Those that do not will be most likely jumping off bridges...I am not saying there is no money to be made with the dinar, and... [post 1 of 2....stay tuned]
9-2-2019 Intel Guru Eagleone2025 AS I SAID IN APRIL THERE WOULD BE THREE WINDOWS. SEPT- OCT IS THE THIRD WINDOW. AS I SAID SEE YOU IN SEPT. WE ARE HERE IN SEPT- OCT JUST LIKE MY SOURCES SAID. NOW WE WAIT AND SEE. NOT MANY WANTED TO HEAR THAT BUT THAT IS TRUTH. ALL WH AND MILITARY GOVT CONTACTS SAID IT WOULD BE SEPT- OCT. MID SEPT IS A CLOSER TIME FRAME.
9-2-2019 Intel Guru MarkZ [via PDK] A lot of rumors about liquidity tomorrow...I am very upbeat about where we are today. I am hearing from my Iraq contacts is that there is supposed to be a new a new rate there...not released to the world yet... contacts had gone very quiet...could be they are busy with work or sometimes Iraq squashes communications. One of my best contacts in Iraq is a contractor helping to rebuild the infrastructure...at this point they tell me over 90% have their new cards…they will have a gold backed electronic currency. [When do you think the 800 numbers will come out?] Based on what we are hearing- My guess is that we will see them by noon tomorrow.
9-2-2019 Newshound Guru larrykn ...I'm not sure about that where it will start. I still remember that article that talked about testing their rate at $1.13 to 122. why would they do that if they were going to start at 1190...but even if it did, I don't think it would take that long before we would see where we could be very happy, they have been working on bring investors into Iraq so when they do go to Art 8 that will be the lauch for the currency to start to move and I think it will move quickly. I know a lot of you don't like Kaps [Guru Kaperoni] theory but he might have a good point, Time will tell. the other thing is they are talking about bringing out the coins, doing that at 1190 would mean the cost of the coins would be more then their value.
9-2-2019 Intel Guru Frank26 In my opinion all that is required to make the announcement of their monetary reform change, [is] to make the announcement that they are article VIII. That they have lifted the 3 zeros from their exchange rate. All of this is ready to go...the economic reform has been sitting and waiting for the financial reform to be official...you get those two in and every company will pour into Iraq to rebuild it...
9-2-2019 Intel Guru Delta Article quote: "The Teller can now trade demo and educational through the application to participate in the stock exchange, and send the name of the exchange company and mobile phone and the name of the person authorized to deal in the stock exchange on e-mail or communicate via WhatsApp to get the link to the program." HUGE INFO IN...NEW SOFTWARE TO BUY AND SELL FOREIGN CURRENCY...
9-2-2019 Newshound Guru Kaperoni It's funny how the gurus keep saying over and over that there will be no float, but yet Iraq is doing everything to prepare for a float by building a market economy and encouraging private investment. If we are ever going to get any financial gain from the dinar it's going to come from a float, meaning the currency appreciates gradually over time thus allowing the Central Bank of Iraq to collect the currency in circulation.
9-2-2019 Intel Guru Eagleone2025 AS I SAID IN APRIL THERE WOULD BE THREE WINDOWS. SEPT- OCT IS THE THIRD WINDOW. AS I SAID SEE YOU IN SEPT. WE ARE HERE IN SEPT- OCT JUST LIKE MY SOURCES SAID. NOW WE WAIT AND SEE. NOT MANY WANTED TO HEAR THAT BUT THAT IS TRUTH. ALL WH AND MILITARY GOVT CONTACTS SAID IT WOULD BE SEPT- OCT. MID SEPT IS A CLOSER TIME FRAME.
9-2-2019 Intel Guru MarkZ [via PDK] A lot of rumors about liquidity tomorrow...I am very upbeat about where we are today. I am hearing from my Iraq contacts is that there is supposed to be a new a new rate there...not released to the world yet... contacts had gone very quiet...could be they are busy with work or sometimes Iraq squashes communications. One of my best contacts in Iraq is a contractor helping to rebuild the infrastructure...at this point they tell me over 90% have their new cards…they will have a gold backed electronic currency. [When do you think the 800 numbers will come out?] Based on what we are hearing- My guess is that we will see them by noon tomorrow.
9-2-2019 Newshound Guru larrykn ...I'm not sure about that where it will start. I still remember that article that talked about testing their rate at $1.13 to 122. why would they do that if they were going to start at 1190...but even if it did, I don't think it would take that long before we would see where we could be very happy, they have been working on bring investors into Iraq so when they do go to Art 8 that will be the lauch for the currency to start to move and I think it will move quickly. I know a lot of you don't like Kaps [Guru Kaperoni] theory but he might have a good point, Time will tell. the other thing is they are talking about bringing out the coins, doing that at 1190 would mean the cost of the coins would be more then their value.
9-2-2019 Intel Guru Frank26 In my opinion all that is required to make the announcement of their monetary reform change, [is] to make the announcement that they are article VIII. That they have lifted the 3 zeros from their exchange rate. All of this is ready to go...the economic reform has been sitting and waiting for the financial reform to be official...you get those two in and every company will pour into Iraq to rebuild it...
9-2-2019 Intel Guru Delta Article quote: "The Teller can now trade demo and educational through the application to participate in the stock exchange, and send the name of the exchange company and mobile phone and the name of the person authorized to deal in the stock exchange on e-mail or communicate via WhatsApp to get the link to the program." HUGE INFO IN...NEW SOFTWARE TO BUY AND SELL FOREIGN CURRENCY...
9-2-2019 Newshound Guru Kaperoni It's funny how the gurus keep saying over and over that there will be no float, but yet Iraq is doing everything to prepare for a float by building a market economy and encouraging private investment. If we are ever going to get any financial gain from the dinar it's going to come from a float, meaning the currency appreciates gradually over time thus allowing the Central Bank of Iraq to collect the currency in circulation.
9-1-2019 Newshound/Intel Guru Mnt Goat Article: "COINED MONEY SERVES INTERNAL BUSINESS DEALINGS" Quote: “The change of currency means that a new currency will replace an old currency, with a fixed exchange rate and the zeros of the old currency will be removed or the decimal levels are moved to the left,” he said. for financial trading to support the national economy.” ...this article is NOT about moving to FOREX, not yet. So, when they do change the rate it will be fixed. They can not put the program CBI rate on a float. They have told this many times...
9-1-2019 Newshound Guru Jeff How is Iraq going to fund this? There is no funding in this. It's a currency swap. Nothing more. It's real simple. In the beginning you traded US dollars to get dinar. On the back-end you're going to trade dinar back in for US dollars. No body is funding a damn thing. It's called a currency swap...there is no "funding" of anything. It's a currency swap. This doesn't cost Iraq a damn thing to do...
9-1-2019 Newshound/Intel Guru Mnt Goat Article: "NEWS: ON IRAQ'S ACCESSION TO THE WORLD TRADE ORGANIZATION (WTO)." Yes, Iraq will need a currency to join the WTO. Oh – but they have a currency now. But can it be used easily in trade? NO! That is the problem here. This is why they need to reinstate it. So they DO NOT need to be on FOREX but it sure helps in trading globally to be able to tie into the currency exchanges electronically to get the current exchange rate for the conversion...
9-1-2019 Newshound Guru Jeff if they're telling you two currencies will coexist that means they stand valid and legit...it doesn't mean a 25k became a 25...They flat out told you the two currencies will coexist. That means the large notes are still valid. And the small denoms after the rate change are still valid. There is no other direction you can go with this...because they're different sized notes that have different values. A 25k note still is a 25k...a 25 note is just that, it's a 25. There is no grey areas...as an example, if the USD value...was $3 then it's very simple. A 25k times $3 is now worth $75,000 and a 25 times 3 is worth $75. It's that simple.
9-1-2019 Newshound Guru Kaperoni I still do not believe the CBI will make any monetary change until after the economic laws are in place and the budget is passed for 2020. One thing I'm very certain is Article VIII is coming because that has been well laid out in the IMF Art IV Consultations and more importantly Iraq wants to activate the TIFA Agreement with the United States. Freedom of movement of capital is a necessity.
9-1-2019 Newshound Guru Jeff How is Iraq going to fund this? There is no funding in this. It's a currency swap. Nothing more. It's real simple. In the beginning you traded US dollars to get dinar. On the back-end you're going to trade dinar back in for US dollars. No body is funding a damn thing. It's called a currency swap...there is no "funding" of anything. It's a currency swap. This doesn't cost Iraq a damn thing to do...
9-1-2019 Newshound/Intel Guru Mnt Goat Article: "NEWS: ON IRAQ'S ACCESSION TO THE WORLD TRADE ORGANIZATION (WTO)." Yes, Iraq will need a currency to join the WTO. Oh – but they have a currency now. But can it be used easily in trade? NO! That is the problem here. This is why they need to reinstate it. So they DO NOT need to be on FOREX but it sure helps in trading globally to be able to tie into the currency exchanges electronically to get the current exchange rate for the conversion...
9-1-2019 Newshound Guru Jeff if they're telling you two currencies will coexist that means they stand valid and legit...it doesn't mean a 25k became a 25...They flat out told you the two currencies will coexist. That means the large notes are still valid. And the small denoms after the rate change are still valid. There is no other direction you can go with this...because they're different sized notes that have different values. A 25k note still is a 25k...a 25 note is just that, it's a 25. There is no grey areas...as an example, if the USD value...was $3 then it's very simple. A 25k times $3 is now worth $75,000 and a 25 times 3 is worth $75. It's that simple.
9-1-2019 Newshound Guru Kaperoni I still do not believe the CBI will make any monetary change until after the economic laws are in place and the budget is passed for 2020. One thing I'm very certain is Article VIII is coming because that has been well laid out in the IMF Art IV Consultations and more importantly Iraq wants to activate the TIFA Agreement with the United States. Freedom of movement of capital is a necessity.
8-31-2019 Intel Guru RayRen98 A member overheard some tellers reviewing their procedures on directing currency exchangers to their 800 number.
8-31-2019 Intel Guru Frank26 ...the CBI, nobody else can say they have reinstated their currency. So I'm begging you don't be misled right now. Don't give your dinars to anybody because of greed or maybe because you think this is not going to happen. Don't do that...
8-31-2019 Intel/Newshound Guru sandyf [...you are the first person that I have seen move the decimal points on the value of the dinar (1190 to 1.190) as opposed to the zeroes on the currency itself (25,000 to 25)] It is effectively the same thing, depends if you are talking domestic or international. Within the country concerned dual pricing would come into effect. In the case of Iraq for example, a loaf of bread would be either 1000 dinar note of IQD or a 1 dinar note of the new currency. Internationally the IQD would no longer have any recognized value and the value of the new currency would start at 1000th of the IQD rate on the day the redenomination was implemented. Within Iraq the IQD would retain an equivalence of 1000:1 for a specified transition period and thereafter only exchangeable at a specific banks.
8-31-2019 Newshound/Intel Guru Mnt Goat Article: "HOW MUCH CURRENCY IS ALLOWED UNDER NEW RULES TO ENTER AND EXIT IRAQ?" Quote: "One of the decisions stipulates that "the entry and exit of amounts exceeding (1,000,000) (one million Iraqi dinars) is prohibited even if they have been declared, and the amount is withheld and legal proceedings are taken." Oops they spilled the beans in this last paragraph of the article… Now why in hell would they be restricting 1 million dinars when this is only about $1,000 USD? They just told us anything below $10,000 USD is not restricted in an earlier paragraph. So why then tell us in a later paragraph that 1 million dinars is restricted when the equivalent exchange in only equal to $1,000 USD? To me it should be acceptable if the rate was going to remain as it is today. Right? Am I missing something here? So maybe the rate is going to go to at least a busk [buck?] or more. Get it? This is one of those revealing articles.
8-31-2019 Intel Guru Frank26 ...these electronic billboards are really very vital in the reinstatement, in the education to the citizens...it's for the reinstatement of the Iraq Dinar...the dog-gone broadcast was talking about lifting the 3 zeros and the coins...but now they've got flatbed trucks running and it's on them now...this type of campaign to advertise something, they're putting a lot into it...they're on the verge of making an announcement. I don't know when. I don't know how much. But based on what they're doing and what they're telling...They're on the verge...they are this close to touching the face of the reinstatement of the Iraqi Dinar...I can taste the evidence...all they're doing right now is educating the citizens. Preparing them...
8-31-2019 Newshound Guru Jeff ...the CBI said back in 2014 that their #1 thing they were seeking was political stability. So they're telling you that the formation and complete government is the linchpin...the UN clearly announced that there's one position remaining - the Education Minister...this whole thing is scripted...we have them attempting to complete the government in September...3 weeks ago you had them bring a ton of reconstruction money into Iraq specifically for the 2019 budget...there's only one quarter left. Any reconstruction is post rate change event. If they're gonna use that money in Q4 then they have to walk into Q4 with a new rate in hand. That means they have to change the rate in September. It's very cut and dry...
8-31-2019 Newshound Guru MilitiaMan Question: "I DID ASK TBI BANK IF I CAN USE MASTER CARD ABROAD...ANSWER FROM TBI" Answer: "you can use it in withdrawals from ATMs and direct purchase from the points of sale as well as in the Internet such as subscriptions and airline reservations, hotels, shopping sites and promotion in social networking pages in any country of the world except Brazil, Indonesia, Syria and Iran." Wow, Trade Bank is telling us they are international on a Friday when banks are closed... Fascinating...! ...all the facts in place now are evidence the end results for the completion of Monetary Reforms is coming to a close! Yes, international cards being used from here on out from the looks of it...
8-31-2019 Newshound/Intel Guru Mnt Goat I have to tell everyone right now it appears that everything is on track to move ahead with the project to delete the zeros and launch the smaller category coins and maybe some notes too. We are about to move to the next and final stag...
8-31-2019 Intel Guru Frank26 ...the CBI, nobody else can say they have reinstated their currency. So I'm begging you don't be misled right now. Don't give your dinars to anybody because of greed or maybe because you think this is not going to happen. Don't do that...
8-31-2019 Intel/Newshound Guru sandyf [...you are the first person that I have seen move the decimal points on the value of the dinar (1190 to 1.190) as opposed to the zeroes on the currency itself (25,000 to 25)] It is effectively the same thing, depends if you are talking domestic or international. Within the country concerned dual pricing would come into effect. In the case of Iraq for example, a loaf of bread would be either 1000 dinar note of IQD or a 1 dinar note of the new currency. Internationally the IQD would no longer have any recognized value and the value of the new currency would start at 1000th of the IQD rate on the day the redenomination was implemented. Within Iraq the IQD would retain an equivalence of 1000:1 for a specified transition period and thereafter only exchangeable at a specific banks.
8-31-2019 Newshound/Intel Guru Mnt Goat Article: "HOW MUCH CURRENCY IS ALLOWED UNDER NEW RULES TO ENTER AND EXIT IRAQ?" Quote: "One of the decisions stipulates that "the entry and exit of amounts exceeding (1,000,000) (one million Iraqi dinars) is prohibited even if they have been declared, and the amount is withheld and legal proceedings are taken." Oops they spilled the beans in this last paragraph of the article… Now why in hell would they be restricting 1 million dinars when this is only about $1,000 USD? They just told us anything below $10,000 USD is not restricted in an earlier paragraph. So why then tell us in a later paragraph that 1 million dinars is restricted when the equivalent exchange in only equal to $1,000 USD? To me it should be acceptable if the rate was going to remain as it is today. Right? Am I missing something here? So maybe the rate is going to go to at least a busk [buck?] or more. Get it? This is one of those revealing articles.
8-31-2019 Intel Guru Frank26 ...these electronic billboards are really very vital in the reinstatement, in the education to the citizens...it's for the reinstatement of the Iraq Dinar...the dog-gone broadcast was talking about lifting the 3 zeros and the coins...but now they've got flatbed trucks running and it's on them now...this type of campaign to advertise something, they're putting a lot into it...they're on the verge of making an announcement. I don't know when. I don't know how much. But based on what they're doing and what they're telling...They're on the verge...they are this close to touching the face of the reinstatement of the Iraqi Dinar...I can taste the evidence...all they're doing right now is educating the citizens. Preparing them...
8-31-2019 Newshound Guru Jeff ...the CBI said back in 2014 that their #1 thing they were seeking was political stability. So they're telling you that the formation and complete government is the linchpin...the UN clearly announced that there's one position remaining - the Education Minister...this whole thing is scripted...we have them attempting to complete the government in September...3 weeks ago you had them bring a ton of reconstruction money into Iraq specifically for the 2019 budget...there's only one quarter left. Any reconstruction is post rate change event. If they're gonna use that money in Q4 then they have to walk into Q4 with a new rate in hand. That means they have to change the rate in September. It's very cut and dry...
8-31-2019 Newshound Guru MilitiaMan Question: "I DID ASK TBI BANK IF I CAN USE MASTER CARD ABROAD...ANSWER FROM TBI" Answer: "you can use it in withdrawals from ATMs and direct purchase from the points of sale as well as in the Internet such as subscriptions and airline reservations, hotels, shopping sites and promotion in social networking pages in any country of the world except Brazil, Indonesia, Syria and Iran." Wow, Trade Bank is telling us they are international on a Friday when banks are closed... Fascinating...! ...all the facts in place now are evidence the end results for the completion of Monetary Reforms is coming to a close! Yes, international cards being used from here on out from the looks of it...
8-31-2019 Newshound/Intel Guru Mnt Goat I have to tell everyone right now it appears that everything is on track to move ahead with the project to delete the zeros and launch the smaller category coins and maybe some notes too. We are about to move to the next and final stag...
8-30-2019 Newshound Guru Jeff ...the UN is seeking to get Iraq ready to become International...the UN was just in Iraq back in July. The UN is back in Iraq now...back in July...they were only there for the consultation. They weren't reviewing all of Iraq's progress. The only reason why the UN would be reviewing Iraq's progress...is because Iraq is advancing to their next stage. They're becoming international. This is huge. That's why I have brought such a large emphasis on the month of September...You have the UN in Iraq. You have Iraq telling you they're gonna finish the formation of the government. This is huge...
8-30-2019 Newshound Guru Kaperoni Iraq is a risky country. And most banks will not deal with the dinar even when they move to Article VIII. At least initially anyway. So for gurus to be talking about cashing in/rates/spreads it's all nonsense at this time. One of the reasons banks will avoid the dinar is because of its potential to be volatile. Most banks by nature are conservative and avoid these types of currencies. That is why I never really discuss the next step of cashing out/exchanging is because until the dinar is internationally convertible (Article VIII) and used in commerce there is no point. And if the dinar floats and gradually appreciates as we expect, it's a whole different process as investors may have to get involved with market makers/brokers or dealers to set up accounts. Time will tell.
8-30-2019 Intel Guru RayRen98 A BANK SOURCE HAS REPORTED A "CODE" CHANGE OCCURRED TODAY CAUSING THEM TO EXPERIENCE EXTREME EXCITEMENT! $$$$
8-30-2019 Intel Guru Frank26 ...my broker one day called me and said 'we're gonna have to limit the amount of dinars that we sell to 1 million per customer' ...The CBI said 'we're not going to sell our currency to any brokers, any dealers any money exchangers no more...and the CBI stopped selling its currency. (They only did it by selling through the auction) ...now with what...we told you yesterday Whales and sharks cannot go inside Iraq and come out with a whole bunch of dinars...they tightened up their borders and this is fantastic. And you don't do this for toilet paper currency. You don't do it for a program rate. You do it to secure your borders because you're about to have a currency that is so valuable that it's going to become a pivotal currency in the heart of the Middle East... [Reference Guru Frank26 post 8-30-2019]
8-30-2019 Newshound Guru Jeff ...keep in mind Iraq is still under UN Chapter 7 sanctions...Notice how the UN is back in Iraq over the last few days...Iraq is fulfilling its obligations to get out of Ch. 7 to become international. And notice how they're doing it in Q3. Article quote "Commitment show by Iraq in fulfilling all remaining international obligations..." This is showing you Iraq is on its way out of Ch 7 and that's why the UN is there now. This is huge...
8-30-2019 Intel Guru MarkZ We are down to crunch time if they indeed want this done before Sept. 1st. European contacts now say liquidity and release of all holds on accounts will occur over the weekend. I don’t think it’s can kicking…just logistics /coordination as Iraq says they want it done by the 1st. I hear in Iraq that the new rate will be between $3.91-$4.25. My contacts at redemption centers are on call this weekend and have been asked not to go more than 50 miles away this weekend. I think we are at the tail end of this and will see something happen Sunday and Monday.
8-30-2019 Newshound Guru Kaperoni Some might look at this IMF directive as "old news" but it's not. These directives don't change and take time to impliment. And in the case with Iraq it took them 5-6 years to accomplish. With of course the help of the IMF stepping in, in December 2015 signing an agreement to become trustee and facilitating/oversight on monetary reforms at the CBI.
8-30-2019 Intel Guru Frank Article "Issuing a package of decision related to the entry and exit of funds across the Iraqi borders" ...today [Wednesday] the CBI came out and said...for now on anything less than $10,000 American dollars can enter Iraq and it can leave Iraq...$10,000 to $20,000 American dollars requires documentation...anything more than 1 million IQD coming in or out of Iraq is not allowed...Is 1 million IQD equal to $20,000 American Dollars?...Is this the initial exchange rate?...that was an interesting article.
8-30-2019 Newshound Guru Kaperoni Iraq is a risky country. And most banks will not deal with the dinar even when they move to Article VIII. At least initially anyway. So for gurus to be talking about cashing in/rates/spreads it's all nonsense at this time. One of the reasons banks will avoid the dinar is because of its potential to be volatile. Most banks by nature are conservative and avoid these types of currencies. That is why I never really discuss the next step of cashing out/exchanging is because until the dinar is internationally convertible (Article VIII) and used in commerce there is no point. And if the dinar floats and gradually appreciates as we expect, it's a whole different process as investors may have to get involved with market makers/brokers or dealers to set up accounts. Time will tell.
8-30-2019 Intel Guru RayRen98 A BANK SOURCE HAS REPORTED A "CODE" CHANGE OCCURRED TODAY CAUSING THEM TO EXPERIENCE EXTREME EXCITEMENT! $$$$
8-30-2019 Intel Guru Frank26 ...my broker one day called me and said 'we're gonna have to limit the amount of dinars that we sell to 1 million per customer' ...The CBI said 'we're not going to sell our currency to any brokers, any dealers any money exchangers no more...and the CBI stopped selling its currency. (They only did it by selling through the auction) ...now with what...we told you yesterday Whales and sharks cannot go inside Iraq and come out with a whole bunch of dinars...they tightened up their borders and this is fantastic. And you don't do this for toilet paper currency. You don't do it for a program rate. You do it to secure your borders because you're about to have a currency that is so valuable that it's going to become a pivotal currency in the heart of the Middle East... [Reference Guru Frank26 post 8-30-2019]
8-30-2019 Newshound Guru Jeff ...keep in mind Iraq is still under UN Chapter 7 sanctions...Notice how the UN is back in Iraq over the last few days...Iraq is fulfilling its obligations to get out of Ch. 7 to become international. And notice how they're doing it in Q3. Article quote "Commitment show by Iraq in fulfilling all remaining international obligations..." This is showing you Iraq is on its way out of Ch 7 and that's why the UN is there now. This is huge...
8-30-2019 Intel Guru MarkZ We are down to crunch time if they indeed want this done before Sept. 1st. European contacts now say liquidity and release of all holds on accounts will occur over the weekend. I don’t think it’s can kicking…just logistics /coordination as Iraq says they want it done by the 1st. I hear in Iraq that the new rate will be between $3.91-$4.25. My contacts at redemption centers are on call this weekend and have been asked not to go more than 50 miles away this weekend. I think we are at the tail end of this and will see something happen Sunday and Monday.
8-30-2019 Newshound Guru Kaperoni Some might look at this IMF directive as "old news" but it's not. These directives don't change and take time to impliment. And in the case with Iraq it took them 5-6 years to accomplish. With of course the help of the IMF stepping in, in December 2015 signing an agreement to become trustee and facilitating/oversight on monetary reforms at the CBI.
8-30-2019 Intel Guru Frank Article "Issuing a package of decision related to the entry and exit of funds across the Iraqi borders" ...today [Wednesday] the CBI came out and said...for now on anything less than $10,000 American dollars can enter Iraq and it can leave Iraq...$10,000 to $20,000 American dollars requires documentation...anything more than 1 million IQD coming in or out of Iraq is not allowed...Is 1 million IQD equal to $20,000 American Dollars?...Is this the initial exchange rate?...that was an interesting article.
8-29-2019 Newshound/Intel Guru Mnt Goat 5. we find out that the currency reform is in FACT now part of the country wide reform package. Article Quote: "part of the currency restructuring plan and banks includes the creation of coins for trades. Finance to support the national economy." But remember they are not saying anything in the article on the process about reinstating the dinar on the global currency exchanges. At least not now. They probably won’t either since they are so close. If they do it will be be after the event...As you should know this is when we go to the bank and not before... [post 3 of 3]
8-29-2019 Newshound/Intel Guru Mnt Goat 4.they are telling us the coins will be used in trade with other countries. Does this mean the currency auctions using only US dollars for trade will stop? It appears they will have to if this article is correct. Remember using the dinar will create a demand for it. When this happens it will become more valuable outside of Iraq...the value will rise, thus the rate will have to rise too. [post 2 of 3....stay tuned]
8-29-2019 Newshound/Intel Guru Mnt Goat so this is one of the WOW articles we have been waiting for. 1. they just told us they passed the needed legislation in parliament needed by the CBI to get the coins re-minted and in circulation... 2. it is the re-education article we have all been waiting for so long. Its here and we should be all jumping up and down for joy; 3. repeatedly whenever they talk about the coins they also talk about the project to delete the zeros in the same breath so we know for sure they fully intend to do both concurrently. This is exactly what we need to get the increase in rate of the dinar; [post 1 of 3....stay tuned]
8-29-2019 Newshound Guru Kaperoni And as I've said before they cannot reduce the money supply...because Iraq currently utilizes a currency auction to stabilize the currency and provide a source of foreign exchange for imports. This technique requires a balance... between the dinar and the dollar any shortage of one or the other creates demand and effects the stability. Therefore reduction of the money supply cannot occur at this time. Once they float the currency and begin international commerce Iraq no longer will need the auctions and can reduce the money supply gradually as the currency appreciates. [post 2 of 2]
8-29-2019 Newshound Guru Kaperoni I do not believe Iraq would LOP or re-denominate the currency, the IMF certainly has not stated such and Iraq has demonstrated for several years a successful monetary policy including over the last year and a half where they've maintained a 2% spread or less. But I also don't believe they could ever substantially RV/RI the currency because there's just too much currency in circulation. People doubt the fact that the CBI and IMF have reported in excess of 42 trillion. It's in print for all to see. [post 1 of 2....stay tuned]
8-29-2019 Newshound Guru MyLadies ...Article: "Parliamentary Finance Committee intends to raise the price of the dinar against the dollar and give it strength among other currencies" ...IT SAYS THAT THEY ARE GOING TO DELETE ZEROS (CUT, REMOVE, LOP) FROM THE CURRENCY. THEN THEY ARE GOING TO INTRODUCE NEW CURRENCY EITHER COINS OR PAPER AND THEY ARE GOING TO RAISE THE VALUE AGAINST THE DOLLAR. BASICALLY, THEY ARE GOING TO DO EXACTLY WHAT TURKMENASTAN DID... PREPARE YOURSELVES FOR IRAQ TO DO THE EXACT SAME THING AS EVERY OTHER COUNTRY THAT DROPPED ZERO’S. THINGS ARE NOT GOING TO GO WELL FOR THE MASSES... [Post 2 of 2] [NOTE: Stay tuned as the Guru's chime in on the lop debate.]
8-29-2019 Newshound Guru MyLadies ...I WANT TO TALK ABOUT HOW A CURRENCY REDENOMINATES....HERE FROM THE IMF..."On occasion, a country must introduce a new currency. Turkmenistan..decided in 2008 to undertake a currency reform. A major gap between the official exchange rate and the informal or market rate meant that Turkmenistan’s price system had become complex and inefficient." [NOTE: Other gurus say the Iraqi Dinar "gap" is less than 2% and within the IMF's guidelines] "...Hyperinflation and exchange rate collapse slash the value of a national currency, forcing the issuance of banknotes in ever higher denominations." [NOTE: Other gurus say Iraq's inflation has been under control for 10 years and there is no hyperinflation ] ..."In itself, a redenomination makes no one richer or poorer..." ...I JUST WANT YOU TO UNDERSTAND THAT THERE WAS NO MONEY TO MADE WHEN TURKMENISTAN REDENOMINATED. [Post 1 of 2....stay tuned] [See the left side of this page for the CBI's latest official and market rates.]
8-29-2019 Intel Guru MarkZ All my Iraqi contacts are still expecting the new rate this week. They want to have it out by the first…Many articles about the new coins coming out…why would you need a coin worth a fraction of a penny? ...they have to have a new rate if they release the coins… My people are at work in redemption centers today...Tomorrow we will find out if they are on call again this weekend or if they are scheduled to work. My gut feeling is we will see it on Saturday...just my opinion...last day of the month and Sunday is iraqs first day of the week and the first day of the new month.
8-29-2019 Newshound Guru Adam Montana ...We saw almost no HCL news prior to the $60 mark, and then it started to come out in the news. That meant the Iraqi Parliament was working on items that are necessary to accomplish a finalization, and that is a key component to the RV. ...A lot of things contribute to the price of OIL, the world economy, and everything else that can have an impact on when Iraq decides to raise the value - this is just one of those things, but I believe it is a major component. Lots of people are saying September is looking good. I am leaning toward agreeing. Time, and hopefully not much of it, will tell. [post 2 of 2]
8-29-2019 Newshound Guru Adam Montana Article: "Parliament: Oil Committee intends to host Abdul Mahdi and the Ministers of Finance and Oil" ...The topic at hand is quiet simple - OIL. ...earlier this year, I personally set a target of $60 (WTI) that I felt was necessary before Iraq would feel confident enough to start moving on a significant change in the exchange rate. (“RV” is short for “ReValuation”, which will be a significant change in the exchange rate…for those of you new to the situation) [post 1 of 2....stay tuned]
8-29-2019 Intel Guru Frank ...It is my opinion that the banks of the United States of American are going to be charging anywhere from 1% to 2% - at the highest 3% spread [To exchange]...this could be good news for us. Let's see what happens when we finally find out. I can't see them reinstating the currency in Iraq and then all of a sudden changing the spread...
8-29-2019 Newshound/Intel Guru Mnt Goat Article: "RECENT PARLIAMENTARY VOTES HAVE BEEN RAISED CALLING FOR THE REINTRODUCTION OF COINS" ...here is one of the articles I told everyone to be watching for. This includes the passing of the needed law by parliament to re-mint the coins and reintroduce them. Its now DONE as they just told us in this article.
8-29-2019 Newshound/Intel Guru Mnt Goat 4.they are telling us the coins will be used in trade with other countries. Does this mean the currency auctions using only US dollars for trade will stop? It appears they will have to if this article is correct. Remember using the dinar will create a demand for it. When this happens it will become more valuable outside of Iraq...the value will rise, thus the rate will have to rise too. [post 2 of 3....stay tuned]
8-29-2019 Newshound/Intel Guru Mnt Goat so this is one of the WOW articles we have been waiting for. 1. they just told us they passed the needed legislation in parliament needed by the CBI to get the coins re-minted and in circulation... 2. it is the re-education article we have all been waiting for so long. Its here and we should be all jumping up and down for joy; 3. repeatedly whenever they talk about the coins they also talk about the project to delete the zeros in the same breath so we know for sure they fully intend to do both concurrently. This is exactly what we need to get the increase in rate of the dinar; [post 1 of 3....stay tuned]
8-29-2019 Newshound Guru Kaperoni And as I've said before they cannot reduce the money supply...because Iraq currently utilizes a currency auction to stabilize the currency and provide a source of foreign exchange for imports. This technique requires a balance... between the dinar and the dollar any shortage of one or the other creates demand and effects the stability. Therefore reduction of the money supply cannot occur at this time. Once they float the currency and begin international commerce Iraq no longer will need the auctions and can reduce the money supply gradually as the currency appreciates. [post 2 of 2]
8-29-2019 Newshound Guru Kaperoni I do not believe Iraq would LOP or re-denominate the currency, the IMF certainly has not stated such and Iraq has demonstrated for several years a successful monetary policy including over the last year and a half where they've maintained a 2% spread or less. But I also don't believe they could ever substantially RV/RI the currency because there's just too much currency in circulation. People doubt the fact that the CBI and IMF have reported in excess of 42 trillion. It's in print for all to see. [post 1 of 2....stay tuned]
8-29-2019 Newshound Guru MyLadies ...Article: "Parliamentary Finance Committee intends to raise the price of the dinar against the dollar and give it strength among other currencies" ...IT SAYS THAT THEY ARE GOING TO DELETE ZEROS (CUT, REMOVE, LOP) FROM THE CURRENCY. THEN THEY ARE GOING TO INTRODUCE NEW CURRENCY EITHER COINS OR PAPER AND THEY ARE GOING TO RAISE THE VALUE AGAINST THE DOLLAR. BASICALLY, THEY ARE GOING TO DO EXACTLY WHAT TURKMENASTAN DID... PREPARE YOURSELVES FOR IRAQ TO DO THE EXACT SAME THING AS EVERY OTHER COUNTRY THAT DROPPED ZERO’S. THINGS ARE NOT GOING TO GO WELL FOR THE MASSES... [Post 2 of 2] [NOTE: Stay tuned as the Guru's chime in on the lop debate.]
8-29-2019 Newshound Guru MyLadies ...I WANT TO TALK ABOUT HOW A CURRENCY REDENOMINATES....HERE FROM THE IMF..."On occasion, a country must introduce a new currency. Turkmenistan..decided in 2008 to undertake a currency reform. A major gap between the official exchange rate and the informal or market rate meant that Turkmenistan’s price system had become complex and inefficient." [NOTE: Other gurus say the Iraqi Dinar "gap" is less than 2% and within the IMF's guidelines] "...Hyperinflation and exchange rate collapse slash the value of a national currency, forcing the issuance of banknotes in ever higher denominations." [NOTE: Other gurus say Iraq's inflation has been under control for 10 years and there is no hyperinflation ] ..."In itself, a redenomination makes no one richer or poorer..." ...I JUST WANT YOU TO UNDERSTAND THAT THERE WAS NO MONEY TO MADE WHEN TURKMENISTAN REDENOMINATED. [Post 1 of 2....stay tuned] [See the left side of this page for the CBI's latest official and market rates.]
8-29-2019 Intel Guru MarkZ All my Iraqi contacts are still expecting the new rate this week. They want to have it out by the first…Many articles about the new coins coming out…why would you need a coin worth a fraction of a penny? ...they have to have a new rate if they release the coins… My people are at work in redemption centers today...Tomorrow we will find out if they are on call again this weekend or if they are scheduled to work. My gut feeling is we will see it on Saturday...just my opinion...last day of the month and Sunday is iraqs first day of the week and the first day of the new month.
8-29-2019 Newshound Guru Adam Montana ...We saw almost no HCL news prior to the $60 mark, and then it started to come out in the news. That meant the Iraqi Parliament was working on items that are necessary to accomplish a finalization, and that is a key component to the RV. ...A lot of things contribute to the price of OIL, the world economy, and everything else that can have an impact on when Iraq decides to raise the value - this is just one of those things, but I believe it is a major component. Lots of people are saying September is looking good. I am leaning toward agreeing. Time, and hopefully not much of it, will tell. [post 2 of 2]
8-29-2019 Newshound Guru Adam Montana Article: "Parliament: Oil Committee intends to host Abdul Mahdi and the Ministers of Finance and Oil" ...The topic at hand is quiet simple - OIL. ...earlier this year, I personally set a target of $60 (WTI) that I felt was necessary before Iraq would feel confident enough to start moving on a significant change in the exchange rate. (“RV” is short for “ReValuation”, which will be a significant change in the exchange rate…for those of you new to the situation) [post 1 of 2....stay tuned]
8-29-2019 Intel Guru Frank ...It is my opinion that the banks of the United States of American are going to be charging anywhere from 1% to 2% - at the highest 3% spread [To exchange]...this could be good news for us. Let's see what happens when we finally find out. I can't see them reinstating the currency in Iraq and then all of a sudden changing the spread...
8-29-2019 Newshound/Intel Guru Mnt Goat Article: "RECENT PARLIAMENTARY VOTES HAVE BEEN RAISED CALLING FOR THE REINTRODUCTION OF COINS" ...here is one of the articles I told everyone to be watching for. This includes the passing of the needed law by parliament to re-mint the coins and reintroduce them. Its now DONE as they just told us in this article.
8-28-2019 Newshound Guru Kaperoni I want to clear something up since I'm getting some fan mail..lol. I do not think it's going to LOP. What I am saying is if parliament has its way they will LOP the currency. Lucky for us though the CBI is following the directive from the IMF as far as we know...Which is to create the conditions for the currency to float. That is why they are pushing so heavily to diversify and build a market economy. It's taken some time for Iraq to put the conditions in place, in fact several years but things are beginning to line up for early next year as they add 72 trillion dinar to the budget to kick-start the economy.
8-28-2019 Intel Guru MarkZ We are hearing that we should have numbers at anytime within the next 2 days... I am getting more and more confirmations out of Iraq that they expect to go on or before Sept. 1st... The meeting with Iraq and the UN security council starts tonight at 5:00 pm tonight…so will be hours before we find out how that went. The expectation is Iraq tells them they are ready to move on now...
8-28-2019 Intel/Newshound Guru sandyf [Has anyone in here seen an article or source from the CBI or government stated that Iraq may LOP the currency?] There is no such thing as a "LOP" so there never would be any articles. The correct terms are Redenomination or Re-basing the currency, there have been many articles from both CBI and government sources to say that was the plan. ...In a Redenomination the old currency IQD at 1190/USD would be replaced by a new currency, possibly IQR, at 1.190/USD, deleting 3 zeros. The monetary unit(Dinar) would be revalued from 1190/USD to 1.190/USD which would be an increase in the value of the Dinar against the dollar and lead to an increase in purchasing power.
8-28-2019 Intel Guru MarkZ My contacts in Redemption Centers are still expecting this week…the ones I know are also wealth managers so are juggling 2 jobs. What I am hearing from contacts in Iraq they really expect to see the new rate by Sept. 1st. Rates from $3.91 to $4.25. ...with the coins being released I am...puzzled. This process seems to be rolling out different than we expected…to have coins you need a new value over there. [We are in the “Perfect Storm” to see everything right now] We certainly are. I do feel warm and fuzzy about this week and that we are at the tail end of this reset. No one can predict the exact date, but the world news, chatter from sources, and news articles say we are there.
8-28-2019 Newshound Guru Dinar Investor - Jeff ...we are a lot closer than we've ever been. I want to stress to you we're definitely a lot closer...you're not gonna see this in days. At a minimum we're at least 3 weeks out...I promise you you're not gonna see this until more towards the end of September. Easily in the second half...you will wait until the formation of the government's done. That's a promise to you...The CBI made it very clear back in 2014. They said they're gonna delay this for 5 years...until Iraq has achieved political stability...just stay grounded.
8-28-2019 Newshound Guru Bloodloch Does that mean we can divide the first into the second and get an exchange rate? Nope. That's just the velocity of money formula. Does that mean if they stop the auctions and everyone inside Iraq's borders must then conduct all business with both old triple-zero, and the suspected upcoming new three-missing-zeros Iraq Dinar notes and coins, existing side-by-side as promised, that their money supply will plummet in terms of face value outstanding and that less of a thing is a more valuable thing? Yep. [post 2 of 2]
8-28-2019 Newshound Guru Bloodloch If the triple-zero Iraqi dinar is allowed to float, in conjunction with the introduction of new, lower denomination currencies valued near to US dollar equivalencies, it's going to float like a ballistic missile. Am I worried that they can't do that with 42 Trillion IQD in outstanding currency? Nope. Why not? Because their annual Gross Domestic Product is 269 Trillion IQD. [post 1 of 2....stay tuned]
8-28-2019 Intel Guru Frank26 Iraq is not a lop. No. A lop is to add zeros to the exchange rate. Iraq is...constantly telling you they're lifting three zeros from their exchange rate...when someone says to you it's a lop ask them are they adding three zeros to the exchange rate or are they taking away?
8-28-2019 Newshound/Intel Guru Mnt Goat Article: "THE PARLIAMENTARY FINANCE COMMITTEE, ON MONDAY, ANNOUNCED A TREND TO RE-WORK IN THE CURRENCY AND THE REMOVAL OF ZEROS FROM BANKNOTES, IN ORDER TO STRENGTHEN THE ECONOMY" I especially like the heading of the article. This process is now on the way. Hold tight…its coming…
8-28-2019 Intel Guru MarkZ We are hearing that we should have numbers at anytime within the next 2 days... I am getting more and more confirmations out of Iraq that they expect to go on or before Sept. 1st... The meeting with Iraq and the UN security council starts tonight at 5:00 pm tonight…so will be hours before we find out how that went. The expectation is Iraq tells them they are ready to move on now...
8-28-2019 Intel/Newshound Guru sandyf [Has anyone in here seen an article or source from the CBI or government stated that Iraq may LOP the currency?] There is no such thing as a "LOP" so there never would be any articles. The correct terms are Redenomination or Re-basing the currency, there have been many articles from both CBI and government sources to say that was the plan. ...In a Redenomination the old currency IQD at 1190/USD would be replaced by a new currency, possibly IQR, at 1.190/USD, deleting 3 zeros. The monetary unit(Dinar) would be revalued from 1190/USD to 1.190/USD which would be an increase in the value of the Dinar against the dollar and lead to an increase in purchasing power.
8-28-2019 Intel Guru MarkZ My contacts in Redemption Centers are still expecting this week…the ones I know are also wealth managers so are juggling 2 jobs. What I am hearing from contacts in Iraq they really expect to see the new rate by Sept. 1st. Rates from $3.91 to $4.25. ...with the coins being released I am...puzzled. This process seems to be rolling out different than we expected…to have coins you need a new value over there. [We are in the “Perfect Storm” to see everything right now] We certainly are. I do feel warm and fuzzy about this week and that we are at the tail end of this reset. No one can predict the exact date, but the world news, chatter from sources, and news articles say we are there.
8-28-2019 Newshound Guru Dinar Investor - Jeff ...we are a lot closer than we've ever been. I want to stress to you we're definitely a lot closer...you're not gonna see this in days. At a minimum we're at least 3 weeks out...I promise you you're not gonna see this until more towards the end of September. Easily in the second half...you will wait until the formation of the government's done. That's a promise to you...The CBI made it very clear back in 2014. They said they're gonna delay this for 5 years...until Iraq has achieved political stability...just stay grounded.
8-28-2019 Newshound Guru Bloodloch Does that mean we can divide the first into the second and get an exchange rate? Nope. That's just the velocity of money formula. Does that mean if they stop the auctions and everyone inside Iraq's borders must then conduct all business with both old triple-zero, and the suspected upcoming new three-missing-zeros Iraq Dinar notes and coins, existing side-by-side as promised, that their money supply will plummet in terms of face value outstanding and that less of a thing is a more valuable thing? Yep. [post 2 of 2]
8-28-2019 Newshound Guru Bloodloch If the triple-zero Iraqi dinar is allowed to float, in conjunction with the introduction of new, lower denomination currencies valued near to US dollar equivalencies, it's going to float like a ballistic missile. Am I worried that they can't do that with 42 Trillion IQD in outstanding currency? Nope. Why not? Because their annual Gross Domestic Product is 269 Trillion IQD. [post 1 of 2....stay tuned]
8-28-2019 Intel Guru Frank26 Iraq is not a lop. No. A lop is to add zeros to the exchange rate. Iraq is...constantly telling you they're lifting three zeros from their exchange rate...when someone says to you it's a lop ask them are they adding three zeros to the exchange rate or are they taking away?
8-28-2019 Newshound/Intel Guru Mnt Goat Article: "THE PARLIAMENTARY FINANCE COMMITTEE, ON MONDAY, ANNOUNCED A TREND TO RE-WORK IN THE CURRENCY AND THE REMOVAL OF ZEROS FROM BANKNOTES, IN ORDER TO STRENGTHEN THE ECONOMY" I especially like the heading of the article. This process is now on the way. Hold tight…its coming…
8-27-219 Intel Guru Frank26 ...the Central Bank of Iraq has made an announcement that they're in the the process of deleting the three zeros from their exchange rate to add value to their currency to give their citizens purchasing power within their own country at a 1 to 1 peg to the American dollar...there is no date...it's speculative...there is no maturity rate either...
8-27-2019 Intel Guru MarkZ [When will the reset be announced?] I believe it will be announced several days after we exchange...for security... years ago the reset was set up to go over a 3 day weekend…now with the speed of the QFS I believe it can go worldwide within seconds…so I do not think the 3 day weekend is as necessary to the reset as it used to be…
8-27-2019 Newshound Guru Kaperoni Iraq would never introduce coins with a currency that has 3 zeros. The zeros need to be removed first. There's only two ways to do this, either float the dinar and allow the currency to appreciate. Or redenominate/Lop and remove them all at once which is a neutral event. I assure you...talkin about some mythical RV/RI will never happen because there's too much currency in circulation. If the CBI follows the plan that changed back in 2012 which called for a market economy, we could see the dinar float rather than this LOP. Gradually appreciating in value overtime per the IMF and documented in the 2012 Article IV Consultation.
8-27-2019 Newshound/Intel Guru Mnt Goat The news for our investment could not get any better. It is moving along just as I said it would when they were ready. They are now ready. So far the educational process is right on target. In fact I am surprised the have ramped it up so much. Multiple articles every week now. Along with the increase in news articles we are now also see repeated replays of broadcast on the Iraqi TV stations about the coins and the project to delete the zeros. WOW! ...Did you buy your champagne yet?
8-27-2019 Intel Guru RayRen98 Article quotes: "The change of currency means that a new currency will replace an old currency, with a fixed exchange rate, and the zeros of the old currency will be removed or the decimal selections are removed to the left," he said, adding that "part of the currency restructuring plan and banks includes the creation of coins for trades."; "The Central Bank decided earlier to develop a plan to develop coins as part of the currency restructuring plan, which requires the approval of the House of Representatives as a strategic plan that will support the value of the Iraqi dinar in trading," This is one of the "latest" articles about the coins...this is all you need to know about the RV. Be sure to send it to [those] that are telling you it’s going to be a float.
8-27-2019 Intel Guru Eagleone2025 MY SOURCES HAVE SAID THAT WE ARE LOOKING STRONG IN SEPT. ...WH AND DC SOURCES HAVE SAID THE WINDOW IS SEPT. THEY STATED THAT THEY WANT IT DONE BY OCT. I CAN TELL U THAT THE SEPT OCT WINDOW IS VERY POSITIVE... KEEP YOUR HEAD UP AS I SAID IN JULY SEE U IN SEPT.
8-27-2019 Newshound Guru Dinar Investor - Jeff ...three week ago I told you...the best time to start reeducating the citizens...about the deletion of the zeros and the coins would be approximately 30 days out before the rate change. And notice how they started doing that around Monday of last week and they're still doing it...they can't do that too far out because the citizens are gonna forget that information...the best time to do it would be roughly 30 days out before changing the rate that way it stay fresh in their minds...
8-27-2019 Intel Guru MarkZ [via PDK] Isaac in Zurich can see the money in his account…(currencies and Historic bonds) ...it has a hold on it...he hopes to have access at any time on his currency... There are rumors of a new rate in-country possibly in Iraq...we are trying to verify this now...lots of articles out on the new coins...you can’t have coins without a new rate...does not make sense. My contacts at redemption centers are on a “heightened level”...
8-27-2019 Newshound Guru larrykn you guys are really freaking out over this Lop thing, that won't happen, they told us years ago what they had in mind and a lop was not it...they told us what they wanted to do. ...I really don't believe they will lop...
8-27-2019 Newshound Guru Adam Montana [Question from newbie - ...if they delete the zeroes, then 1,000,000 IQD becomes 1,000 IQD, and if it RVs at 1:1 then an original investment of $850 +/- for 1,000,000 IQD becomes worth $1,000?] More or less correct. That scenario is considered a lop, and is mostly a zero gain/loss scenario. If the 0's are removed from the exchange rate, it's a whole different ball game.
8-27-2019 Newshound Guru Kaperoni The odds are very high that they're going to float as long as they continue to move forward developing a market economy, I also believe a LOP is unlikely but possible. An RV or RI has zero possibility because monetary policy does not work that way. [Truth is nobody knows if it is going to be float or RV, but we do know it is not a lop,that would have happened long ago...can you imagine the investors having confidence if they lopped] I surely cannot say with absolute certainty, but I do know for a fact in 2012 the plan was to float the currency.
8-27-2019 Intel Guru MarkZ [When will the reset be announced?] I believe it will be announced several days after we exchange...for security... years ago the reset was set up to go over a 3 day weekend…now with the speed of the QFS I believe it can go worldwide within seconds…so I do not think the 3 day weekend is as necessary to the reset as it used to be…
8-27-2019 Newshound Guru Kaperoni Iraq would never introduce coins with a currency that has 3 zeros. The zeros need to be removed first. There's only two ways to do this, either float the dinar and allow the currency to appreciate. Or redenominate/Lop and remove them all at once which is a neutral event. I assure you...talkin about some mythical RV/RI will never happen because there's too much currency in circulation. If the CBI follows the plan that changed back in 2012 which called for a market economy, we could see the dinar float rather than this LOP. Gradually appreciating in value overtime per the IMF and documented in the 2012 Article IV Consultation.
8-27-2019 Newshound/Intel Guru Mnt Goat The news for our investment could not get any better. It is moving along just as I said it would when they were ready. They are now ready. So far the educational process is right on target. In fact I am surprised the have ramped it up so much. Multiple articles every week now. Along with the increase in news articles we are now also see repeated replays of broadcast on the Iraqi TV stations about the coins and the project to delete the zeros. WOW! ...Did you buy your champagne yet?
8-27-2019 Intel Guru RayRen98 Article quotes: "The change of currency means that a new currency will replace an old currency, with a fixed exchange rate, and the zeros of the old currency will be removed or the decimal selections are removed to the left," he said, adding that "part of the currency restructuring plan and banks includes the creation of coins for trades."; "The Central Bank decided earlier to develop a plan to develop coins as part of the currency restructuring plan, which requires the approval of the House of Representatives as a strategic plan that will support the value of the Iraqi dinar in trading," This is one of the "latest" articles about the coins...this is all you need to know about the RV. Be sure to send it to [those] that are telling you it’s going to be a float.
8-27-2019 Intel Guru Eagleone2025 MY SOURCES HAVE SAID THAT WE ARE LOOKING STRONG IN SEPT. ...WH AND DC SOURCES HAVE SAID THE WINDOW IS SEPT. THEY STATED THAT THEY WANT IT DONE BY OCT. I CAN TELL U THAT THE SEPT OCT WINDOW IS VERY POSITIVE... KEEP YOUR HEAD UP AS I SAID IN JULY SEE U IN SEPT.
8-27-2019 Newshound Guru Dinar Investor - Jeff ...three week ago I told you...the best time to start reeducating the citizens...about the deletion of the zeros and the coins would be approximately 30 days out before the rate change. And notice how they started doing that around Monday of last week and they're still doing it...they can't do that too far out because the citizens are gonna forget that information...the best time to do it would be roughly 30 days out before changing the rate that way it stay fresh in their minds...
8-27-2019 Intel Guru MarkZ [via PDK] Isaac in Zurich can see the money in his account…(currencies and Historic bonds) ...it has a hold on it...he hopes to have access at any time on his currency... There are rumors of a new rate in-country possibly in Iraq...we are trying to verify this now...lots of articles out on the new coins...you can’t have coins without a new rate...does not make sense. My contacts at redemption centers are on a “heightened level”...
8-27-2019 Newshound Guru larrykn you guys are really freaking out over this Lop thing, that won't happen, they told us years ago what they had in mind and a lop was not it...they told us what they wanted to do. ...I really don't believe they will lop...
8-27-2019 Newshound Guru Adam Montana [Question from newbie - ...if they delete the zeroes, then 1,000,000 IQD becomes 1,000 IQD, and if it RVs at 1:1 then an original investment of $850 +/- for 1,000,000 IQD becomes worth $1,000?] More or less correct. That scenario is considered a lop, and is mostly a zero gain/loss scenario. If the 0's are removed from the exchange rate, it's a whole different ball game.
8-27-2019 Newshound Guru Kaperoni The odds are very high that they're going to float as long as they continue to move forward developing a market economy, I also believe a LOP is unlikely but possible. An RV or RI has zero possibility because monetary policy does not work that way. [Truth is nobody knows if it is going to be float or RV, but we do know it is not a lop,that would have happened long ago...can you imagine the investors having confidence if they lopped] I surely cannot say with absolute certainty, but I do know for a fact in 2012 the plan was to float the currency.
8-26-2019 Newshound Guru Dinar Investor - Jeff ..."delete the zeros" is just that. It's when they use smaller notes to replace lager notes and is a devaluation unless the rate is increased. On March 20th Iraq already came out and told you they're going to increase the exchange rate of the Iraq dinar. So you have smaller notes coming out to replace larger notes within the country of Iraq along with an increased exchange rate. Boom there it is cut and dry...Back around 2012 the CBI already came out and said the two different currencies will coexist together within the country of Iraq. That means a 25k note will have its own unique rate and a 25 note will have its own unique rate...we're good...
8-26-2019 Intel Guru MarkZ [Where’s that GOLDEN EGG?] No Golden egg yet. We are hearing Trump may make an announcement when he gets back from the G-7...So we are to expect something when Trump hits the ground...about 8pm est? Maybe it can be activated when they are over international waters…I do not know for sure. I hear the whales will be swimming by Wednesday…
8-26-2019 Newshound Guru Kaperoni [The IMF put an imposed rate, a programmed rate on Iraq which brought on FAKE inflation, the 3 0's. The CBI must remove the zero's first before THEY can assign the true value. Market isn't involved at this point. Then, they will give the real value based on their massive reserves.] This is complete nonsense. The IMF never imposed a rate on Iraq, Iraq's exchange rate was self inflicted...
8-26-2019 Intel Guru Frank26 ...this interview we are calling the "second article" from the CBI to the citizens concerning their monetary reform...it contains the information..about...many different things but mainly they're going to introduce new small category notes, the 1, 5, 10, 20 that will coexist with the three zero notes they have right now...this was an interview solely for the citizens of Iraq to be broadcasted and constantly repeated throughout the day....24/7 it will be broadcasted for a specific amount of time...I think it'll probably start...sometime next week...Monday or Tuesday is where I'm hoping for...
8-26-2019 Intel Guru MarkZ I am hearing from a number of sources that today is our day…Political sources swear that early afternoon today is it. Redemption Center people are in meetings today...they were on call over the weekend but didn’t work. Supposedly the whales will be liquid at 9AM Reno time. No new value yet in Iraq.
8-26-2019 Newshound Guru MilitiaMan Article: "The strategic partnership between the government and the private sector is the cornerstone of Iraq's 2030 vision" Moving to a market economy is essential now. They have calculated the mechanisms to do so now. They'll also need to have the economic reforms in place at an international level to support the new economy to come. Attracting foreign capital is clearly going to come from a new exchange mechanism in place...imo.
8-26-2019 Newshound Guru Don961 Article: "Iraqi coins that were previously in use" Quotes: "there is a step to delete the zeros preceding the coinage process to be a value for small groups to large."; "It is noteworthy that the Iraqi dinar, which was equal to 3.22 dollars before Iraqs invasion of Kuwait in 1990..."
8-26-2019 Intel Guru MarkZ [Where’s that GOLDEN EGG?] No Golden egg yet. We are hearing Trump may make an announcement when he gets back from the G-7...So we are to expect something when Trump hits the ground...about 8pm est? Maybe it can be activated when they are over international waters…I do not know for sure. I hear the whales will be swimming by Wednesday…
8-26-2019 Newshound Guru Kaperoni [The IMF put an imposed rate, a programmed rate on Iraq which brought on FAKE inflation, the 3 0's. The CBI must remove the zero's first before THEY can assign the true value. Market isn't involved at this point. Then, they will give the real value based on their massive reserves.] This is complete nonsense. The IMF never imposed a rate on Iraq, Iraq's exchange rate was self inflicted...
8-26-2019 Intel Guru Frank26 ...this interview we are calling the "second article" from the CBI to the citizens concerning their monetary reform...it contains the information..about...many different things but mainly they're going to introduce new small category notes, the 1, 5, 10, 20 that will coexist with the three zero notes they have right now...this was an interview solely for the citizens of Iraq to be broadcasted and constantly repeated throughout the day....24/7 it will be broadcasted for a specific amount of time...I think it'll probably start...sometime next week...Monday or Tuesday is where I'm hoping for...
8-26-2019 Intel Guru MarkZ I am hearing from a number of sources that today is our day…Political sources swear that early afternoon today is it. Redemption Center people are in meetings today...they were on call over the weekend but didn’t work. Supposedly the whales will be liquid at 9AM Reno time. No new value yet in Iraq.
8-26-2019 Newshound Guru MilitiaMan Article: "The strategic partnership between the government and the private sector is the cornerstone of Iraq's 2030 vision" Moving to a market economy is essential now. They have calculated the mechanisms to do so now. They'll also need to have the economic reforms in place at an international level to support the new economy to come. Attracting foreign capital is clearly going to come from a new exchange mechanism in place...imo.
8-26-2019 Newshound Guru Don961 Article: "Iraqi coins that were previously in use" Quotes: "there is a step to delete the zeros preceding the coinage process to be a value for small groups to large."; "It is noteworthy that the Iraqi dinar, which was equal to 3.22 dollars before Iraqs invasion of Kuwait in 1990..."
8-25-2019 Intel Guru Bluwolf First off we are at a great moment to receive this BLESSING on schedule I might say. All is moving along according to the actual and only plan. Securities are in place and on highest of alerts so are all banks and there personnel...All leaders around the world are pushing both this Global Currency Reset and this Revaluation scenario forward and so you know there is no delays no upsets and definitely no way back and this has been guaranteed.
8-25-2019 Intel Guru Frank26 ...The interview that occurred today [Saturday] happened via an Iraqi newscast. It was an interview to be aired only inside of Iraq. It consisted of two big wigs...they met unexpectedly with the media...IMO I think it could be the Minister of Finance...and a board member of the CBI...they are going to replay this interview that you're gonna find out about tomorrow over and over and over again to give the citizens more and more understanding of what is soon to come to them in their currency reform...this interview is to explain the intent of the Central Bank of Iraq to add value to their currency for the citizens...I'm very very curious to see this interview tomorrow...the media has to release it. How is it that we got it? Our fireflies were there...
8-25-2019 Newshound Guru G-Lin Article: "Economist: The central bank follows a fiscal policy to keep the exchange rate of the dinar against the dollar steady" This sounds like a fixed rate to me. I can't imagine spending the amount of money coins will cost and not have an increase in value...
8-25-2019 Intel Guru Frank26 ...They did it again! They came back and and said, 'You know the coins? We're bringing them out. Here's why." Wow...everything is ready. It's been ready...The CBI knows that they're about to lift the zeroes. They don't need anybody talking for them anymore...The CBI knows what they are doing...when they are ready to talk they'll put out what we called the second article from the CBI...
8-25-2019 Newshound Guru Don961 Article: "Economist: Reprinting the coin will reduce the burden of paper damage" Quote: "With regard to the possibility of raising the price of the dinar against the dollar, Al-Okaili said, "The central bank is tired of a fiscal policy to keep the exchange rate of the dinar against the dollar unchanged for not entering inflation." Talking again...appears the CBI is tired of of holding the exchange rate steady/unchanged ...what do they have in mind?
8-25-2019 Newshound/Intel Guru Jeff ...in our forum we try to shoot for factual proof...that way there's no BS. After Kurdistan and Baghdad come into agreement on those items [HCL & Article 140]...what we're looking for is to see if they advance straight to the formation of the government or if they work on another task...that's gonna tell us exactly where we stand. If they move straight into the formation of the government that means there's nothing left. The stage is fully set and they're ready to change the rate. That's what we're looking for. Those facts will confirm everything for you.
8-25-2019 Newshound Guru Kaperoni We do not want them to delete the zeros, because that's a LOP. What we do want is for the rate to increase. And the only reasonable means to accomplish that is via a float allowing the dinar to rise as investment comes into Iraq. Anything else does not benefit us. ...You cannot significantly RV the dinar with excess of 42 trillion in circulation unless you can significantly reduce the money supply first. Hard to do unless gradual. ...We don't want a redenomination/LOP. Those are neutral events. It's current rate is its real value. Unless they float the currency and let market forces set the rate.
8-25-2019 Intel Guru Frank26 ...The interview that occurred today [Saturday] happened via an Iraqi newscast. It was an interview to be aired only inside of Iraq. It consisted of two big wigs...they met unexpectedly with the media...IMO I think it could be the Minister of Finance...and a board member of the CBI...they are going to replay this interview that you're gonna find out about tomorrow over and over and over again to give the citizens more and more understanding of what is soon to come to them in their currency reform...this interview is to explain the intent of the Central Bank of Iraq to add value to their currency for the citizens...I'm very very curious to see this interview tomorrow...the media has to release it. How is it that we got it? Our fireflies were there...
8-25-2019 Newshound Guru G-Lin Article: "Economist: The central bank follows a fiscal policy to keep the exchange rate of the dinar against the dollar steady" This sounds like a fixed rate to me. I can't imagine spending the amount of money coins will cost and not have an increase in value...
8-25-2019 Intel Guru Frank26 ...They did it again! They came back and and said, 'You know the coins? We're bringing them out. Here's why." Wow...everything is ready. It's been ready...The CBI knows that they're about to lift the zeroes. They don't need anybody talking for them anymore...The CBI knows what they are doing...when they are ready to talk they'll put out what we called the second article from the CBI...
8-25-2019 Newshound Guru Don961 Article: "Economist: Reprinting the coin will reduce the burden of paper damage" Quote: "With regard to the possibility of raising the price of the dinar against the dollar, Al-Okaili said, "The central bank is tired of a fiscal policy to keep the exchange rate of the dinar against the dollar unchanged for not entering inflation." Talking again...appears the CBI is tired of of holding the exchange rate steady/unchanged ...what do they have in mind?
8-25-2019 Newshound/Intel Guru Jeff ...in our forum we try to shoot for factual proof...that way there's no BS. After Kurdistan and Baghdad come into agreement on those items [HCL & Article 140]...what we're looking for is to see if they advance straight to the formation of the government or if they work on another task...that's gonna tell us exactly where we stand. If they move straight into the formation of the government that means there's nothing left. The stage is fully set and they're ready to change the rate. That's what we're looking for. Those facts will confirm everything for you.
8-25-2019 Newshound Guru Kaperoni We do not want them to delete the zeros, because that's a LOP. What we do want is for the rate to increase. And the only reasonable means to accomplish that is via a float allowing the dinar to rise as investment comes into Iraq. Anything else does not benefit us. ...You cannot significantly RV the dinar with excess of 42 trillion in circulation unless you can significantly reduce the money supply first. Hard to do unless gradual. ...We don't want a redenomination/LOP. Those are neutral events. It's current rate is its real value. Unless they float the currency and let market forces set the rate.
8-24-2019 Intel Guru Frank ...It used to be $3.22. Back in 2006 they calculated 3.2618...the Minister of Finance told them you should add 20% to that which would take you somewhere around 3.86 mark roughly...
8-24-2019 Newshound/Intel Guru Mnt Goat Article: "COMMENTED MEMBER OF THE IRAQI ECONOMIC COUNCIL SADIQ AL - MASHAT, ON THE STATEMENTS OF THE PARLIAMENTARY FINANCE COMMITTEE ON THE IRAQI GOVERNMENT 'S QUEST TO RE-WORK COINS." ...Remember ...there will be strong opposition to this bold move by the finance committee as those making billions off the existing system with 1/8 of a penny dinar will not want this change to occur. This corruption has been the hold up all along. But these days are about to be over.
8-24-2019 Intel Guru Frank26 [via Clare] ...THE PROBLEM IS YOU CANNOT SEE WHAT THEY ARE DOING INTERNALLY BECAUSE THEY ARE NOT PUBLICIZING IT…WHAT MORE IS THERE AFTER YOU TELLING ME THAT COINS ARE ABOUT TO COME OUT? ...BECAUSE 000'S WILL BE LIFTED FROM THE EXCHANGE RATE TO ADD VALUE TO YOUR CURRENCY FOR YOUR CITIZENS NEW PURCHASING POWER...? ONLY ONE THING...A NATIONAL SWITCH THAT WILL BE PUSHED...INSIDE OF A COMING WEEK THAT IS BECOMING A DAY WITH A SPECIFIC HOUR...COMING REAL SOON. …WHY? BECAUSE THE NATIONAL SWITCH THAT YOU KNOW VERY LITTLE ABOUT...IS ALSO...A WORLD SWITCH...SMILE...
8-24-2019 Newshound/Intel Guru Dinar Investor - Jeff Article: "Baghdad and Kurdistan agree on partnership in international conferences and meetings" When you look at a lot of the current articles coming out between Kurdistan and Baghdad, they're strongly suggesting/indicating that the Kurds and Baghdad have reached an agreement, just not publicly announced it. So, ultimately that's what we are waiting for...to publicly announce it...that they have agreed ...and that they have everything worked out on the oil and Article 140 for the numbers in the 2020 budget...and then after that to know if the stage is officially set, we want to see what their next actions are...do they advance straight to the formation of the government or do they do something directly after that. That's what we are looking for to know if the stage is officially set based on how fast they advance to the formation of the government. That will tell you everything you need to know.
8-24-2019 Intel Guru Frank26 ...they're [The CBI] passing out descriptions of what they're about to get. The coins and the new small category notes that will be in coexistence with the 3 zero notes that they have right now...it's inside (Iraq] only...today they went another step...
8-24-2019 Newshound/Intel Guru Mnt Goat Article: "COMMENTED MEMBER OF THE IRAQI ECONOMIC COUNCIL SADIQ AL - MASHAT, ON THE STATEMENTS OF THE PARLIAMENTARY FINANCE COMMITTEE ON THE IRAQI GOVERNMENT 'S QUEST TO RE-WORK COINS." ...Remember ...there will be strong opposition to this bold move by the finance committee as those making billions off the existing system with 1/8 of a penny dinar will not want this change to occur. This corruption has been the hold up all along. But these days are about to be over.
8-24-2019 Intel Guru Frank26 [via Clare] ...THE PROBLEM IS YOU CANNOT SEE WHAT THEY ARE DOING INTERNALLY BECAUSE THEY ARE NOT PUBLICIZING IT…WHAT MORE IS THERE AFTER YOU TELLING ME THAT COINS ARE ABOUT TO COME OUT? ...BECAUSE 000'S WILL BE LIFTED FROM THE EXCHANGE RATE TO ADD VALUE TO YOUR CURRENCY FOR YOUR CITIZENS NEW PURCHASING POWER...? ONLY ONE THING...A NATIONAL SWITCH THAT WILL BE PUSHED...INSIDE OF A COMING WEEK THAT IS BECOMING A DAY WITH A SPECIFIC HOUR...COMING REAL SOON. …WHY? BECAUSE THE NATIONAL SWITCH THAT YOU KNOW VERY LITTLE ABOUT...IS ALSO...A WORLD SWITCH...SMILE...
8-24-2019 Newshound/Intel Guru Dinar Investor - Jeff Article: "Baghdad and Kurdistan agree on partnership in international conferences and meetings" When you look at a lot of the current articles coming out between Kurdistan and Baghdad, they're strongly suggesting/indicating that the Kurds and Baghdad have reached an agreement, just not publicly announced it. So, ultimately that's what we are waiting for...to publicly announce it...that they have agreed ...and that they have everything worked out on the oil and Article 140 for the numbers in the 2020 budget...and then after that to know if the stage is officially set, we want to see what their next actions are...do they advance straight to the formation of the government or do they do something directly after that. That's what we are looking for to know if the stage is officially set based on how fast they advance to the formation of the government. That will tell you everything you need to know.
8-24-2019 Intel Guru Frank26 ...they're [The CBI] passing out descriptions of what they're about to get. The coins and the new small category notes that will be in coexistence with the 3 zero notes that they have right now...it's inside (Iraq] only...today they went another step...
8-23-2019 Intel Guru Frank26 ...You will always pay taxes ladies and gentlemen. You are going to pay your taxes. You're not gonna avoid them. You're gonna pay them with great joy of being an American citizen to help our country...When you give your money to Uncle Sam when you pay your taxes be proud of it...do your part...get professional help...this is a capital gain tax. It's that simple... [NOTE: There are disagreements in how the dinar will be taxed...Guru BobTheTaxMan feels it's going to be Ordinary Income. At the appropriate time speak with a tax professional about your personal situation.]
8-23-2019 Newshound Guru Adam Montana I'm just going to give everyone a brief...briefing... the news is slow... Bad news - we haven't heard anything HCL related. Good news - once we DO hear something about HCL, I think it's going to be an avalanche.
8-23-2019 Newshound Guru G-Lin Article: "Trade completes electronic window project" Quote: "Iraq Trade Point will activate the work of the private sector and promote the growth of the Iraqi economy and will be the focus of all international goods,"; "the completion of the electronic window project." You gotta love the word completion. IMO this is one of the most important arts. I've seen in a while...good stuff.
8-23-2019 Newshound Guru MilitiaMan Article: "Baghdad and Kurdistan agree on partnership in international conferences and meetings" Looks like they are getting along and have agreed to work together from now on... They also may have also sorted the oil between themselves as well, if not will or may very soon. imo.
8-23-2019 Newshound/Intel Guru Mnt Goat Article: "THE COMPLETION OF THE ELECTRONIC WINDOW PROJECT FOR THE IMPORT AND EXPORT TRADE" Why is this article so important? ...It is important because in order to pull this off they will need to get rid of the currency auctions and rely on dinar to pay for trade. Thus, if they do they will need to be tied in to the FOREX markets to determine the current currency rate of the dinar while trading. ...This is the platform to be used. This is exciting news and is all VERY GOOD for us. So much good news this week in progress of getting us the reinstatement of the dinar.
8-23-2019 Newshound Guru Vital Brad ...Al Sumeria TV they're talking about the fils, the coins, which is a very good sign. There's actually been a few articles talking about the coins...but what I can say is that news like this coming out is some of the best news that I've heard since I've been in this thing. Coming out with coins? That's amazing. Raising the rate of the the dinar against a dollar? Wow. They're reporting this? They're writing this? All these articles with the coins...it's an exciting time...
8-23-2019 Intel Guru MarkZ Everybody is very quiet…military contacts are expecting historic breakthrough in the next 2 days…lots of things supposed to be happening…Redemption center folks are at work today and “on call” this weekend. [Could we get 800 numbers today] we absolutely could.
8-23-2019 Newshound/Intel Guru Dinar Investor - Jeff I will only have about 3 more big news. 1: Kurdistan - Baghdad Reach Agreement 2: Form the government. 3: rate change.
8-23-2019 Newshound/Intel Guru Mnt Goat So what should we expect to see next? We are looking for news that parliament has passed the needed legislation and then sent it to the CBI for the coinage reform proposal by the Finance Committee. Then very soon the CBI should “formally” announce the new CBI director. Allaq is due to leave in early September and his replacement will then take center stage. I believe that possibly the timing of the coinage may happen about this timeframe. We also look for more news of the “project to delete the zeros” going forward once again. We also look forward to news articles to educate the citizens on the new coins for smaller categories and the update on the CBI site for the new coins...
8-23-2019 Newshound Guru Adam Montana I'm just going to give everyone a brief...briefing... the news is slow... Bad news - we haven't heard anything HCL related. Good news - once we DO hear something about HCL, I think it's going to be an avalanche.
8-23-2019 Newshound Guru G-Lin Article: "Trade completes electronic window project" Quote: "Iraq Trade Point will activate the work of the private sector and promote the growth of the Iraqi economy and will be the focus of all international goods,"; "the completion of the electronic window project." You gotta love the word completion. IMO this is one of the most important arts. I've seen in a while...good stuff.
8-23-2019 Newshound Guru MilitiaMan Article: "Baghdad and Kurdistan agree on partnership in international conferences and meetings" Looks like they are getting along and have agreed to work together from now on... They also may have also sorted the oil between themselves as well, if not will or may very soon. imo.
8-23-2019 Newshound/Intel Guru Mnt Goat Article: "THE COMPLETION OF THE ELECTRONIC WINDOW PROJECT FOR THE IMPORT AND EXPORT TRADE" Why is this article so important? ...It is important because in order to pull this off they will need to get rid of the currency auctions and rely on dinar to pay for trade. Thus, if they do they will need to be tied in to the FOREX markets to determine the current currency rate of the dinar while trading. ...This is the platform to be used. This is exciting news and is all VERY GOOD for us. So much good news this week in progress of getting us the reinstatement of the dinar.
8-23-2019 Newshound Guru Vital Brad ...Al Sumeria TV they're talking about the fils, the coins, which is a very good sign. There's actually been a few articles talking about the coins...but what I can say is that news like this coming out is some of the best news that I've heard since I've been in this thing. Coming out with coins? That's amazing. Raising the rate of the the dinar against a dollar? Wow. They're reporting this? They're writing this? All these articles with the coins...it's an exciting time...
8-23-2019 Intel Guru MarkZ Everybody is very quiet…military contacts are expecting historic breakthrough in the next 2 days…lots of things supposed to be happening…Redemption center folks are at work today and “on call” this weekend. [Could we get 800 numbers today] we absolutely could.
8-23-2019 Newshound/Intel Guru Dinar Investor - Jeff I will only have about 3 more big news. 1: Kurdistan - Baghdad Reach Agreement 2: Form the government. 3: rate change.
8-23-2019 Newshound/Intel Guru Mnt Goat So what should we expect to see next? We are looking for news that parliament has passed the needed legislation and then sent it to the CBI for the coinage reform proposal by the Finance Committee. Then very soon the CBI should “formally” announce the new CBI director. Allaq is due to leave in early September and his replacement will then take center stage. I believe that possibly the timing of the coinage may happen about this timeframe. We also look for more news of the “project to delete the zeros” going forward once again. We also look forward to news articles to educate the citizens on the new coins for smaller categories and the update on the CBI site for the new coins...
8-22-2019 Newshound/Intel Guru Mnt Goat Article: "FORMATION OF A COMMITTEE TO RAISE THE PRICE OF THE IRAQI DINAR AGAINST THE US DOLLAR" ...we know that if they issue the coins of much smaller categories, they will need to significantly raise the exchange rate of the dinar (the value is already present at 1:1). But when will they “reinstate’ the dinar back to the global currency exchanges? This is what we really want to see happen and is when we go to the bank and not a moment before...
8-22-2019 Intel Guru MarkZ [Can we exchange the dong by just walking into a bank after the reset?] Yes...but by calling the 800 numbers and making an appointment I have been told the rates will be higher. I don’t want to be the first person to exchange...
8-22-2019 Newshound Guru Kaperoni Does anyone actually believe the CBI could RV or RI the dinar at 1 to $1 or greater with an excess of 42 trillion dinars in circulation? That is 3x's the worlds money supply. It simply cannot be done. And the CBI cannot reduce the money supply overnight (in fact they mentioned the currency would remain in circulation for up to 10 years). The only possible and viable solution is a gradual reduction of the money supply with a gradual increase in the exchange rate. Such an increase in the exchange rate could occur as inflationary pressure rises on the financial system as investors bring capital to Iraq. Any other option for an increase in value just isn't viable or realistic. So we keep our fingers crossed that investors come to Iraq beginning with a 2020 budget, increased 72 trillion expenditures.
8-22-2019 Newshound/Intel Guru Mnt Goat Article: "Revealed the Finance Committee in the House of Representatives, the formation of a committee to raise the price of the Iraqi dinar against the US dollar." so this goes hand in hand with the news articles we are reading today about re-minting the coins. The best part is they actually used the terms and referenced directly the “project to delete the zeros”. This means they are getting serious about doing it now. This is what we have been waiting for and so this is super fantastic news...
8-22-2019 Intel Guru MarkZ Very little news last night. Hong Kong is still waiting...they believe its “any minute”. ...so many rumors today…nothing confirmable ...One rumor from the banking is we will see everything break loose from noon till evening. In Iraq: The sheer volume of news articles coming out of Iraq is staggering this week. It is all over the news and all over the middle east that Iraq is about to revalue their currency. No new rate posted in the gazette yet today. I still think we are at the end and I still think this week is possible. We are just waiting, which unfortunately we are all very good at.
8-22-2019 Intel Guru RayRen98 STATUS QUO IS THE SAME AS TUESDAY & WEDNESDAY... EXCHANGERS WERE "AT LOCATION" WAITING FOR THE "GO" SIGNAL ...THINGS CAN POP AT ANY MOMENT, ANY HOUR ON THURSDAY...OR ANY DAY!!
8-22-2019 Intel Guru Frank26 ...there is an explosion of information on monetary reform...the citizens now know they're gonna get a whole bunch of imports and exports coming into their markets and they also know that they're going to get purchasing power...and they know that Parliament...is working very well with the CBI...
8-22-2019 Intel/Newshound Guru sandyf ...One of the big problems is that many do not understand the difference between the monetary unit(Dinar) and the currency(IQD). Countries do not remove zeros from the currency, they are removed from the monetary unit. In a redenomination the currency IQD would retain the zeros and a new currency introduced that did not have zeros. The old Turkish lira TRL still has zeros, it was the new currency TRY that had the zeros removed. When reading articles care needs to be taken in respect of the context, are they referring to the monetary unit or the currency.
8-22-2019 Intel Guru MarkZ [Can we exchange the dong by just walking into a bank after the reset?] Yes...but by calling the 800 numbers and making an appointment I have been told the rates will be higher. I don’t want to be the first person to exchange...
8-22-2019 Newshound Guru Kaperoni Does anyone actually believe the CBI could RV or RI the dinar at 1 to $1 or greater with an excess of 42 trillion dinars in circulation? That is 3x's the worlds money supply. It simply cannot be done. And the CBI cannot reduce the money supply overnight (in fact they mentioned the currency would remain in circulation for up to 10 years). The only possible and viable solution is a gradual reduction of the money supply with a gradual increase in the exchange rate. Such an increase in the exchange rate could occur as inflationary pressure rises on the financial system as investors bring capital to Iraq. Any other option for an increase in value just isn't viable or realistic. So we keep our fingers crossed that investors come to Iraq beginning with a 2020 budget, increased 72 trillion expenditures.
8-22-2019 Newshound/Intel Guru Mnt Goat Article: "Revealed the Finance Committee in the House of Representatives, the formation of a committee to raise the price of the Iraqi dinar against the US dollar." so this goes hand in hand with the news articles we are reading today about re-minting the coins. The best part is they actually used the terms and referenced directly the “project to delete the zeros”. This means they are getting serious about doing it now. This is what we have been waiting for and so this is super fantastic news...
8-22-2019 Intel Guru MarkZ Very little news last night. Hong Kong is still waiting...they believe its “any minute”. ...so many rumors today…nothing confirmable ...One rumor from the banking is we will see everything break loose from noon till evening. In Iraq: The sheer volume of news articles coming out of Iraq is staggering this week. It is all over the news and all over the middle east that Iraq is about to revalue their currency. No new rate posted in the gazette yet today. I still think we are at the end and I still think this week is possible. We are just waiting, which unfortunately we are all very good at.
8-22-2019 Intel Guru RayRen98 STATUS QUO IS THE SAME AS TUESDAY & WEDNESDAY... EXCHANGERS WERE "AT LOCATION" WAITING FOR THE "GO" SIGNAL ...THINGS CAN POP AT ANY MOMENT, ANY HOUR ON THURSDAY...OR ANY DAY!!
8-22-2019 Intel Guru Frank26 ...there is an explosion of information on monetary reform...the citizens now know they're gonna get a whole bunch of imports and exports coming into their markets and they also know that they're going to get purchasing power...and they know that Parliament...is working very well with the CBI...
8-22-2019 Intel/Newshound Guru sandyf ...One of the big problems is that many do not understand the difference between the monetary unit(Dinar) and the currency(IQD). Countries do not remove zeros from the currency, they are removed from the monetary unit. In a redenomination the currency IQD would retain the zeros and a new currency introduced that did not have zeros. The old Turkish lira TRL still has zeros, it was the new currency TRY that had the zeros removed. When reading articles care needs to be taken in respect of the context, are they referring to the monetary unit or the currency.
8-21-2019 Newshound Guru MilitiaMan Now that they have done this, add in they told the citizens what they are going to do by showing them publicly about the NSCNs and coins to come from the CBI. The CBI told the GOI to release those articles for a purpose. That is to stimulate them imo to keep opening accounts as the NSCNs are coming. So...look for the BANKS to start talking to the citizens more and more...They let the cat out of the bag!!! imo...This article is more evidence of it! imo [post 2 of 2]
8-21-2019 Newshound Guru MilitiaMan Article: "Trade completes electronic window project" Quote: "Iraq Trade Point will activate the work of the private sector and promote the growth of the Iraqi economy and will be the focus of all international goods," Franks Teams [Guru Frank26] told us about this to come, the "DEDICATED WINDOW" has arrived. This is timed so that to facilitate imports and exports for global goods. The licensing is in place. They could be setting the stage for interconnection with the ISX and NASDAQ in the short term as well. Investors will be looking to do business and what a place to create that environment now that this has "been done". [post 1 of 2....stay tuned]
8-21-2019 Newshound Guru Kaperoni A couple of very nice articles...came out talking about raising the value of the dinar against other currencies and introducing coins into the market. ...but no where does it say this would occur overnight. [When will this happen] ...if all things go as planned they're planning launch the market economy the first of next year by adding 72 trillion dinars to the 2020 budget. But this is Iraq.
8-21-2019 Newshound Guru future "Finance Committee: Reinstating the civil currency and deleting zeros" Quote: "The Finance Committee in the House of Representatives, on the trend to reintroduce the coin...stressing the importance of pre-empting the coinage process step by "deleting zeros" from the current currencies to be valuable for small cash groups" lots of talk about coins (fils)...small cash groups = lower denoms... seems these coins are gonna play a major role in the market place...vendors etc. ...need new value...i am still looking for an an increase before october 1...
8-21-2019 Newshound/Intel Guru Mnt Goat ...the flood gates have opened and the news is pouring in. ...The parliamentary finance committee has decided that the CBI needs to move to the next step of the “project to delete the zeros” and put the Iraqi dinar on a “level playing field” with the rest of the middle east currencies. Yesterday they came out with the announcement to re-mint the Iraq coins once again. They are saying they now need to put together legislation in which to give the CBI permission to do so...
8-21-2019 Intel Guru RayRen98 EVERYTHING REMAINS THE SAME TODAY, BANKERS ARE EXCITED AND STAND "AT THE READY" ....JUST A-WAITIN' FOR THE RELEASE.
8-21-2019 Intel Guru MarkZ [via PDK] There was not a lot of news overnight…I know we are tired of this “minute to minute” wait…but...I only share what I am told. Lots of people in Zurich, Asia, sitting on the edge of their seats today. I spoke with 2 contacts in Europe are still expecting it to happen today...they thought it was yesterday...but it didn’t happen. Iraq still has the same old street value. My contacts at the Redemption Centers are sitting there twiddling their thumbs today…still hearing its “anytime”. I am still excited about this week.
8-21-2019 Newshound Guru G-Lin Article: "What's the use of coins at the moment" Quote: "The "Finance Committee in the Iraqi Council of Representatives announced on Monday (19-August-2019) the" government direction to reinstate the currency and delete zeros from paper currency in order to strengthen the national economy." I think this is the first time I've seen the word reinstate. I like it. re·in·state (rē′ĭn-stāt′) 1. To bring back into use or existence. 2. To restore to a previous condition or position.
8-21-2019 Newshound/Intel Guru Dinar Investor - Jeff ...They're at the point where they'd be finished setting the stage for the citizens...Notice how they start releasing brand new articles talking about the deletion of the zeros (meaning change the rate)...They're doing that to educate the citizens...I gave you my personal target date of 9-21 or 9-22. Notice how Iraq just put all these articles out roughly thirty days before my target. This level of education can only be done at the very end when they're about to do this. That way it's fresh in the minds of the citizens...this is huge information what we are seeing on the deletion of the zeros and how it's used as a tool to control inflation and when the rate does change how they're going to be releasing the lower denoms along with coins. That's an education step for the citizens but my point is it can only be done at the very end...
8-21-2019 Intel Guru Frank26 Everyone knows... The US Treasury, the Iraqi citizens, the CBI, the GOI, the IMF…Everyone knows. Iraq is now on fire with the reinstatement of their currency.
8-21-2019 Newshound Guru MilitiaMan Article: "Trade completes electronic window project" Quote: "Iraq Trade Point will activate the work of the private sector and promote the growth of the Iraqi economy and will be the focus of all international goods," Franks Teams [Guru Frank26] told us about this to come, the "DEDICATED WINDOW" has arrived. This is timed so that to facilitate imports and exports for global goods. The licensing is in place. They could be setting the stage for interconnection with the ISX and NASDAQ in the short term as well. Investors will be looking to do business and what a place to create that environment now that this has "been done". [post 1 of 2....stay tuned]
8-21-2019 Newshound Guru Kaperoni A couple of very nice articles...came out talking about raising the value of the dinar against other currencies and introducing coins into the market. ...but no where does it say this would occur overnight. [When will this happen] ...if all things go as planned they're planning launch the market economy the first of next year by adding 72 trillion dinars to the 2020 budget. But this is Iraq.
8-21-2019 Newshound Guru future "Finance Committee: Reinstating the civil currency and deleting zeros" Quote: "The Finance Committee in the House of Representatives, on the trend to reintroduce the coin...stressing the importance of pre-empting the coinage process step by "deleting zeros" from the current currencies to be valuable for small cash groups" lots of talk about coins (fils)...small cash groups = lower denoms... seems these coins are gonna play a major role in the market place...vendors etc. ...need new value...i am still looking for an an increase before october 1...
8-21-2019 Newshound/Intel Guru Mnt Goat ...the flood gates have opened and the news is pouring in. ...The parliamentary finance committee has decided that the CBI needs to move to the next step of the “project to delete the zeros” and put the Iraqi dinar on a “level playing field” with the rest of the middle east currencies. Yesterday they came out with the announcement to re-mint the Iraq coins once again. They are saying they now need to put together legislation in which to give the CBI permission to do so...
8-21-2019 Intel Guru RayRen98 EVERYTHING REMAINS THE SAME TODAY, BANKERS ARE EXCITED AND STAND "AT THE READY" ....JUST A-WAITIN' FOR THE RELEASE.
8-21-2019 Intel Guru MarkZ [via PDK] There was not a lot of news overnight…I know we are tired of this “minute to minute” wait…but...I only share what I am told. Lots of people in Zurich, Asia, sitting on the edge of their seats today. I spoke with 2 contacts in Europe are still expecting it to happen today...they thought it was yesterday...but it didn’t happen. Iraq still has the same old street value. My contacts at the Redemption Centers are sitting there twiddling their thumbs today…still hearing its “anytime”. I am still excited about this week.
8-21-2019 Newshound Guru G-Lin Article: "What's the use of coins at the moment" Quote: "The "Finance Committee in the Iraqi Council of Representatives announced on Monday (19-August-2019) the" government direction to reinstate the currency and delete zeros from paper currency in order to strengthen the national economy." I think this is the first time I've seen the word reinstate. I like it. re·in·state (rē′ĭn-stāt′) 1. To bring back into use or existence. 2. To restore to a previous condition or position.
8-21-2019 Newshound/Intel Guru Dinar Investor - Jeff ...They're at the point where they'd be finished setting the stage for the citizens...Notice how they start releasing brand new articles talking about the deletion of the zeros (meaning change the rate)...They're doing that to educate the citizens...I gave you my personal target date of 9-21 or 9-22. Notice how Iraq just put all these articles out roughly thirty days before my target. This level of education can only be done at the very end when they're about to do this. That way it's fresh in the minds of the citizens...this is huge information what we are seeing on the deletion of the zeros and how it's used as a tool to control inflation and when the rate does change how they're going to be releasing the lower denoms along with coins. That's an education step for the citizens but my point is it can only be done at the very end...
8-21-2019 Intel Guru Frank26 Everyone knows... The US Treasury, the Iraqi citizens, the CBI, the GOI, the IMF…Everyone knows. Iraq is now on fire with the reinstatement of their currency.
8-20-2019 Intel Guru MarkZ Everybody still on high alert...Military contacts still believe today could be the kick off.
8-20-2019 Newshound Guru Kaperoni Countries that LOP or redenominate due to failed monetary policy such as hyperinflation, tend to create monetary illusion which is usually done as a last resort. Ultimately, this usually fails again. Iraq has been very successful, therefore not a candidate for such an event.
8-20-2019 Newshound Guru RVAlready I think we are about done. :) ...With Iraq advertising coins on TV, this has to be about over.
8-20-2019 Newshound Guru larrykn Article: "MP Talal Khodier stripped of parliamentary immunity over corruption charges" seem to me they are attacking everyone that is corrupt or slowing the govenment down, looks like a big move is happening now...this could be good news for all of us.
8-20-2019 Intel Guru MarkZ [I hear rates are now on the front screen] I have asked contacts this...they say they can not confirm or deny.
8-20-2019 Intel Guru Frank26 ..."EVERYONE KNOWS!!!" LOL. YES SIR. TODAY...THERE IS MORE AND YOU ARE READING IT !!! NOW PAY ATTENTION TO THE NEXT CLUSTERING OF POLITICAL POSTURING TO SEE THE SOURCES THAT ARE COMING OUT AND TALKING STRAIGHT FORWARD...SOUNDING LOGICAL ABOUT THE IRAQI DINAR SOON TO HAVE A CHANGE IN ITS VALUE BY THE REMOVING OF THE 000'S AND INTRODUCING NEW SMALL CATEGORY NOTES AND THEIR FILS...THE COINS THAT AUTOMATICALLY EQUAL A CHANGE IN THEIR EXCHANGE RATE...PREPARE YOURSELF TO DO THE IMPOSSIBLE...
8-20-2019 Newshound/Intel Guru Dinar Investor - Jeff The formation of the government...is the linchpin...Iraq has delayed the formation of the government this entire year so they could set the stage...In my opinion the setting of the stage ends at the end of August and that's why they have the formation of the government set for September. But now they have a brand new pattern coming into the news as the setting of the stage suggests to be ending in August...
8-20-2019 Newshound Guru MilitiaMan "the Finance Committee will work to raise the price of the dinar against the dollar and give it strength among other currencies in the Arab world, or at least maintain the current exchange rate to have monetary power within Local market.“ This is not talking about a program rate! Imo.
8-20-2019 Intel Guru MarkZ [via PDK] Contacts are sitting at the edge of their seats – waiting for the release today…Rumor that 5 of the 8 800 numbers have been sent out to the people who were to release them. …I have not been able to verify it….many, many people are thinking its today... Spoke to 2 contacts in Europe…they are looking for a release today... I think today is our day. I expect one of three things... 1. Money at our level 2. Information on exactly where we are 3. Both. As of last night in Iraq I hear they are still using the old rates.
8-20-2019 Newshound Guru Vital Brad ...I found the current rates of all the countries within Iraq's region...Iraq's right there...at .00083. It's the lowest besides Iran with everything that's going on in Iran right now...Kuwait: one Kuwaiti dinar is 3.28 US dollars so it's a very valuable currency...Jordon: 1.41...Turkey: .17 ... Saudi Arabia .26 . So Iraq's currency is way undervalued for the amount of oil that it carries...
8-20-2019 Intel Guru Frank26 ...We have a total of about 21 articles about the coins...yeah this is impressive... article after article after article after article about the coins...This step is monumental. This step is as close as you can get to the "second article" from the CBI...that will explain everything to the citizens step-by-step. Article "The Finance Committee in the House of Representatives revealed that there is a tendency to reintroduce the coin..." ...when they do reinstate their currency they will use the ATM machines and the banks to distribute the new small category notes...the citizens now know even though it's not yet directly from the CBI...
8-20-2019 Intel Guru Delta URGENT FROM IRAQI TV: "Parliamentary Finance Committee intends to raise the price of the dinar against the dollar and give it strength among other currencies." IT'S ALL OVER THE NEWS NOW ALL ABOUT RAISING THE VALUE...
8-20-2019 Newshound/Intel Guru Dinar Investor - Jeff ...they are telling us...coins are needed when you have a higher exchange rate such as Kuwait...you can't have coins in circulation in your country unless you have a fair exchange rate. Article: "Deleting of Zeroes Curbs Inflation" They need to delete the zeroes to curb inflation that will allow them to mint coins and they will have a higher exchange rate from the deletion of the zeroes to support and sustain and allow for the minting and use of coins within their currency. [post 2 of 2]
8-20-2019 Newshound/Intel Guru Dinar Investor - Jeff Today we had articles on coins, their importance and significance and how they're related to changing the rate which is deleting the zeroes...These articles are from the Finance Committee... But there's another layer to this...the foundation or starting point for all of this. Article: "Directed To re-work the Coin" Quote: "Bank of Iraq, aimed at raising the dinar exchange rate and maintaining the stability of inflation" ...The reason they are saying they need to increase the dinar exchange rate to maintain stability of the inflation...that's actually the foundation right now for deleting the zeroes and implementing lower denoms...plus coins. [post 1 of 2....stay tuned]
8-20-2019 Newshound Guru Kaperoni Countries that LOP or redenominate due to failed monetary policy such as hyperinflation, tend to create monetary illusion which is usually done as a last resort. Ultimately, this usually fails again. Iraq has been very successful, therefore not a candidate for such an event.
8-20-2019 Newshound Guru RVAlready I think we are about done. :) ...With Iraq advertising coins on TV, this has to be about over.
8-20-2019 Newshound Guru larrykn Article: "MP Talal Khodier stripped of parliamentary immunity over corruption charges" seem to me they are attacking everyone that is corrupt or slowing the govenment down, looks like a big move is happening now...this could be good news for all of us.
8-20-2019 Intel Guru MarkZ [I hear rates are now on the front screen] I have asked contacts this...they say they can not confirm or deny.
8-20-2019 Intel Guru Frank26 ..."EVERYONE KNOWS!!!" LOL. YES SIR. TODAY...THERE IS MORE AND YOU ARE READING IT !!! NOW PAY ATTENTION TO THE NEXT CLUSTERING OF POLITICAL POSTURING TO SEE THE SOURCES THAT ARE COMING OUT AND TALKING STRAIGHT FORWARD...SOUNDING LOGICAL ABOUT THE IRAQI DINAR SOON TO HAVE A CHANGE IN ITS VALUE BY THE REMOVING OF THE 000'S AND INTRODUCING NEW SMALL CATEGORY NOTES AND THEIR FILS...THE COINS THAT AUTOMATICALLY EQUAL A CHANGE IN THEIR EXCHANGE RATE...PREPARE YOURSELF TO DO THE IMPOSSIBLE...
8-20-2019 Newshound/Intel Guru Dinar Investor - Jeff The formation of the government...is the linchpin...Iraq has delayed the formation of the government this entire year so they could set the stage...In my opinion the setting of the stage ends at the end of August and that's why they have the formation of the government set for September. But now they have a brand new pattern coming into the news as the setting of the stage suggests to be ending in August...
8-20-2019 Newshound Guru MilitiaMan "the Finance Committee will work to raise the price of the dinar against the dollar and give it strength among other currencies in the Arab world, or at least maintain the current exchange rate to have monetary power within Local market.“ This is not talking about a program rate! Imo.
8-20-2019 Intel Guru MarkZ [via PDK] Contacts are sitting at the edge of their seats – waiting for the release today…Rumor that 5 of the 8 800 numbers have been sent out to the people who were to release them. …I have not been able to verify it….many, many people are thinking its today... Spoke to 2 contacts in Europe…they are looking for a release today... I think today is our day. I expect one of three things... 1. Money at our level 2. Information on exactly where we are 3. Both. As of last night in Iraq I hear they are still using the old rates.
8-20-2019 Newshound Guru Vital Brad ...I found the current rates of all the countries within Iraq's region...Iraq's right there...at .00083. It's the lowest besides Iran with everything that's going on in Iran right now...Kuwait: one Kuwaiti dinar is 3.28 US dollars so it's a very valuable currency...Jordon: 1.41...Turkey: .17 ... Saudi Arabia .26 . So Iraq's currency is way undervalued for the amount of oil that it carries...
8-20-2019 Intel Guru Frank26 ...We have a total of about 21 articles about the coins...yeah this is impressive... article after article after article after article about the coins...This step is monumental. This step is as close as you can get to the "second article" from the CBI...that will explain everything to the citizens step-by-step. Article "The Finance Committee in the House of Representatives revealed that there is a tendency to reintroduce the coin..." ...when they do reinstate their currency they will use the ATM machines and the banks to distribute the new small category notes...the citizens now know even though it's not yet directly from the CBI...
8-20-2019 Intel Guru Delta URGENT FROM IRAQI TV: "Parliamentary Finance Committee intends to raise the price of the dinar against the dollar and give it strength among other currencies." IT'S ALL OVER THE NEWS NOW ALL ABOUT RAISING THE VALUE...
8-20-2019 Newshound/Intel Guru Dinar Investor - Jeff ...they are telling us...coins are needed when you have a higher exchange rate such as Kuwait...you can't have coins in circulation in your country unless you have a fair exchange rate. Article: "Deleting of Zeroes Curbs Inflation" They need to delete the zeroes to curb inflation that will allow them to mint coins and they will have a higher exchange rate from the deletion of the zeroes to support and sustain and allow for the minting and use of coins within their currency. [post 2 of 2]
8-20-2019 Newshound/Intel Guru Dinar Investor - Jeff Today we had articles on coins, their importance and significance and how they're related to changing the rate which is deleting the zeroes...These articles are from the Finance Committee... But there's another layer to this...the foundation or starting point for all of this. Article: "Directed To re-work the Coin" Quote: "Bank of Iraq, aimed at raising the dinar exchange rate and maintaining the stability of inflation" ...The reason they are saying they need to increase the dinar exchange rate to maintain stability of the inflation...that's actually the foundation right now for deleting the zeroes and implementing lower denoms...plus coins. [post 1 of 2....stay tuned]
8-19-2019 Newshound Guru chattels Article quote: "The delegation of the Kurdistan Regional Government will go to Baghdad during the coming days based on the previous mutual visits, where it was decided to form committees on the oil and budget and Article 140." I am slightly hopeful that Mahdi can resolve some issues with the Kurds. The Kurds seem to like and trust him. The political forces opposing Mahdi in Baghdad are substantial. Many would just as soon crush the Kurds. Rightfully or wrongly, I have believed for a long time that stability in Iraq and the eventuality of our liquidity event depend upon the Kurds indirectly. Mahdi seems our best hope for stability in Iraq, IMO.
8-19-2019 Newshound Guru Kaperoni Article: "Parliamentary Finance Committee intends to raise the price of the dinar against the dollar and give it strength among other currencies."
8-19-2019 Intel Guru RayRen98 Various Bank Sources are reporting the following...
A. "Just received a memo stating to get ready, no rates were seen."
B. "Some bank staff were told to report to their "Exchange Center" today."
C. "My Wealth Manager told me to get excited and that we would speak later this evening."
D. "My bank contact wouldn't answer his phone. He told me if he doesn't answer, it's because he's at the "Exchange Center" and can't talk on the phone."
Each message is from a different banking institution, all Tier 1 banks. Members...are reporting their bank contacts not answering their calls...hmmm?
8-19-2019 Newshound Guru Don961 Article: "...Coins that have been used in Iraq over the past decades must be restored"
8-19-2019 Intel Guru Frank26 Article quote: "...The Finance Committee in the House of Representatives revealed that there is a tendency to reintroduce the coin, which has been used for decades in the country, while members of the Committee proposed to pre-empt the coin minting process by "deleting zeros" from the current currencies to be of value to the small cash groups."
8-19-2019 Intel Guru MarkZ [via PDK] According to Reno paymaster - he is expecting funding overnight and instantly accessible in the morning. No new rate in Iraq yet..they do have great and high expectations. Redemption center contacts are in early morning meetings…should have a update by noon.
8-19-2019 Intel Guru Delta [When do they do 2020 budget?] PARLIAMENT WILL GET IT NEXT MONTH...
8-19-2019 Intel Guru Frank26 Hypothetical Question: Okay, I'm at the bank...What do I do now? ...Start bartering! It depends on your power and how many you have...if not you don't have room to barter...remember what I told you, You are Mr. Clampett. They are Mr. Drysdale. Act accordingly. Demand what is yours. Do not settle for anything less...
8-19-2019 Newshound/Intel Guru Dinar Investor - Jeff Iraq is not Article VIII until they physically make their currency internationally recognized and/or they change the rate...roughly from the beginning of 2018...Iraq started rolling out the MasterCards and the Visas suggesting they're now international. They're partially international. Not 100%. Here's what it is. The Iraqi citizens have to be able to travel abroad and purchase things off the internet and live a normal life the way you and I do...Don't get too excited about this because they've been doing this since the beginning of 2018...it's nothing to get too excited about because they've been doing this for over a year now...It's good news regardless. It shows we're getting close but it's nothing to get super excited about...
8-19-2019 Intel Guru RayRen98 Iraqi TV was broadcasting that the government is implementing reforms to attract investment revenue. News casters are reporting that citizens receiving the new cards has surpassed 80% with 90% completion projected in the coming days. Western Union announced that effective Sunday, citizens will be able to send Dinar outside of the country.
8-19-2019 Newshound Guru Kaperoni Article: "Parliamentary Finance Committee intends to raise the price of the dinar against the dollar and give it strength among other currencies."
8-19-2019 Intel Guru RayRen98 Various Bank Sources are reporting the following...
A. "Just received a memo stating to get ready, no rates were seen."
B. "Some bank staff were told to report to their "Exchange Center" today."
C. "My Wealth Manager told me to get excited and that we would speak later this evening."
D. "My bank contact wouldn't answer his phone. He told me if he doesn't answer, it's because he's at the "Exchange Center" and can't talk on the phone."
Each message is from a different banking institution, all Tier 1 banks. Members...are reporting their bank contacts not answering their calls...hmmm?
8-19-2019 Newshound Guru Don961 Article: "...Coins that have been used in Iraq over the past decades must be restored"
8-19-2019 Intel Guru Frank26 Article quote: "...The Finance Committee in the House of Representatives revealed that there is a tendency to reintroduce the coin, which has been used for decades in the country, while members of the Committee proposed to pre-empt the coin minting process by "deleting zeros" from the current currencies to be of value to the small cash groups."
8-19-2019 Intel Guru MarkZ [via PDK] According to Reno paymaster - he is expecting funding overnight and instantly accessible in the morning. No new rate in Iraq yet..they do have great and high expectations. Redemption center contacts are in early morning meetings…should have a update by noon.
8-19-2019 Intel Guru Delta [When do they do 2020 budget?] PARLIAMENT WILL GET IT NEXT MONTH...
8-19-2019 Intel Guru Frank26 Hypothetical Question: Okay, I'm at the bank...What do I do now? ...Start bartering! It depends on your power and how many you have...if not you don't have room to barter...remember what I told you, You are Mr. Clampett. They are Mr. Drysdale. Act accordingly. Demand what is yours. Do not settle for anything less...
8-19-2019 Newshound/Intel Guru Dinar Investor - Jeff Iraq is not Article VIII until they physically make their currency internationally recognized and/or they change the rate...roughly from the beginning of 2018...Iraq started rolling out the MasterCards and the Visas suggesting they're now international. They're partially international. Not 100%. Here's what it is. The Iraqi citizens have to be able to travel abroad and purchase things off the internet and live a normal life the way you and I do...Don't get too excited about this because they've been doing this since the beginning of 2018...it's nothing to get too excited about because they've been doing this for over a year now...It's good news regardless. It shows we're getting close but it's nothing to get super excited about...
8-19-2019 Intel Guru RayRen98 Iraqi TV was broadcasting that the government is implementing reforms to attract investment revenue. News casters are reporting that citizens receiving the new cards has surpassed 80% with 90% completion projected in the coming days. Western Union announced that effective Sunday, citizens will be able to send Dinar outside of the country.
8-18-2019 Intel Guru Frank26 ...every bank has an 800 number...for someone to tell you "I have an 800 number that is the only number that you can call to exchange your currency." I don't know about that. That's not true. That's erroneous. That's powerfully wrong. It's dangerous to even say something like that in my opinion...I disagree strongly...I don't know anything about those numbers and I don't want anything to do with it. Every bank has an 800 number...
8-18-2019 Newshound/Intel Guru RVAlready ...with MasterCard being international, there is reason to let this go. Especially as CBI is sponsoring MasterCard. If we do not start exchanging, MasterCard is going to get a lot of business. Iraq is ready...we are still in the window...Road is about done!
8-18-2019 Newshound Guru G-Lin Article: "Legal clarifies the decision of the Federal Court on the entry into force of Article 140 of the Constitution" I believe this is about the legality of Art. 140 and the court ruled that it will stand as written in the constitution. The question was about the expiration date of 12/31/2007 for implementation as stated in Art. 140 and the court said it would require a constitutional amendment to change or do away with Art. 140. I think this is a good thing for sure. And interesting timing. We know the profit sharing portion of HCL has already been addressed. As usual it seems to be all about the implementation with Iraq. Art. 140 was good to go 12 years ago...
8-18-2019 Newshound Guru chattels Article quote: "The summary of the above shows us that exceeding the constitutional deadlines is not intended to drop its articles because this requires an amendment in accordance with the mechanisms set forth in the Constitution itself, but to determine the responsibility of the body that is responsible for implementing them and if they exceed them are held accountable in accordance with the constitutional contexts of the concerned authorities " Amendment of the Constitution is required if Article 140 was not to have force and effect prospectively or to be "dropped". Thank your lucky stars that no amendment of the Constitution is necessary. Amendment of the Constitution requires a super majority vote of the Parliament. The Iraqi Parliament cannot agree upon the time of day under such requirements.
8-18-2019 Newshound/Intel Guru Dinar Investor - Jeff You're not going to see anything until...the second half of September... Remember last week they came into monies. They said they were adding 170 billion dinar to the '19 budget for reconstruction for Baghdad only and then also...the Kurds told them that they were going to release the Kuwait reconstruction money...to Baghdad. ...You have to look at accounting periods because this is the movement of a large amount of money. So the fact that they came into all this money in the middle of Q-3...that money is for Q-4...they have to walk into Q-4 with that money...Your target is Q-3 in this. This article is confirming we are looking really good. IMO.
8-18-2019 Newshound/Intel Guru RVAlready ...with MasterCard being international, there is reason to let this go. Especially as CBI is sponsoring MasterCard. If we do not start exchanging, MasterCard is going to get a lot of business. Iraq is ready...we are still in the window...Road is about done!
8-18-2019 Newshound Guru G-Lin Article: "Legal clarifies the decision of the Federal Court on the entry into force of Article 140 of the Constitution" I believe this is about the legality of Art. 140 and the court ruled that it will stand as written in the constitution. The question was about the expiration date of 12/31/2007 for implementation as stated in Art. 140 and the court said it would require a constitutional amendment to change or do away with Art. 140. I think this is a good thing for sure. And interesting timing. We know the profit sharing portion of HCL has already been addressed. As usual it seems to be all about the implementation with Iraq. Art. 140 was good to go 12 years ago...
8-18-2019 Newshound Guru chattels Article quote: "The summary of the above shows us that exceeding the constitutional deadlines is not intended to drop its articles because this requires an amendment in accordance with the mechanisms set forth in the Constitution itself, but to determine the responsibility of the body that is responsible for implementing them and if they exceed them are held accountable in accordance with the constitutional contexts of the concerned authorities " Amendment of the Constitution is required if Article 140 was not to have force and effect prospectively or to be "dropped". Thank your lucky stars that no amendment of the Constitution is necessary. Amendment of the Constitution requires a super majority vote of the Parliament. The Iraqi Parliament cannot agree upon the time of day under such requirements.
8-18-2019 Newshound/Intel Guru Dinar Investor - Jeff You're not going to see anything until...the second half of September... Remember last week they came into monies. They said they were adding 170 billion dinar to the '19 budget for reconstruction for Baghdad only and then also...the Kurds told them that they were going to release the Kuwait reconstruction money...to Baghdad. ...You have to look at accounting periods because this is the movement of a large amount of money. So the fact that they came into all this money in the middle of Q-3...that money is for Q-4...they have to walk into Q-4 with that money...Your target is Q-3 in this. This article is confirming we are looking really good. IMO.
8-17-2019 Newshound/Intel Guru RVAlready Seems that the BANG BANG BANG at the BANG BANG BANG at the front door could be the RV trying to come in. I suspect it will be taken care of by Monday morning.
8-17-2019 Newshound/Intel Dinar Investor - Jeff Article "Legal clarifies the decision of the Federal Court on the entry into force of Article 140 of the constitution". This article is confirming everything that I'm sharing with you...don't forget Article 140 was enacted back in 2005. This article tells you it has to be amended...this plus the HCL can only happen at the very end. This is telling you guys were at the end of this ride. There is no question. We know that for a fact...that means...you're waiting until the second half of September...we look really good.
8-17-2019 Intel Guru Frank26 ...on TV they are saying the Iraqi government is implementing reforms...to attract investment. To boost growth and infrastructure and wanting to create new jobs...they say this will change Iraq's economy...They even showed a video on this...news saying over 80% of citizens have cards now and will have over 90% in a short period of time...We are seeing more and more commercials on the electronic billboards today. Hear all about citizens using our new cards (Visa and MasterCard) at the new ATMs in commercials. This is all over town...Western Union says on Sunday that...Iraqi citizens can send the Iraqi Dinar outside of their country.
8-17-2019 Newshound/Intel Guru Mnt Goat Article: "NO CONFIDENCE VOTE ON MAHDI UNTIL AT LEAST SECOND LEGISLATIVE TERM" relax everyone. Mahdi is not going anywhere!
8-17-2019 Newshound/Intel Dinar Investor - Jeff Article "Legal clarifies the decision of the Federal Court on the entry into force of Article 140 of the constitution". This article is confirming everything that I'm sharing with you...don't forget Article 140 was enacted back in 2005. This article tells you it has to be amended...this plus the HCL can only happen at the very end. This is telling you guys were at the end of this ride. There is no question. We know that for a fact...that means...you're waiting until the second half of September...we look really good.
8-17-2019 Intel Guru Frank26 ...on TV they are saying the Iraqi government is implementing reforms...to attract investment. To boost growth and infrastructure and wanting to create new jobs...they say this will change Iraq's economy...They even showed a video on this...news saying over 80% of citizens have cards now and will have over 90% in a short period of time...We are seeing more and more commercials on the electronic billboards today. Hear all about citizens using our new cards (Visa and MasterCard) at the new ATMs in commercials. This is all over town...Western Union says on Sunday that...Iraqi citizens can send the Iraqi Dinar outside of their country.
8-17-2019 Newshound/Intel Guru Mnt Goat Article: "NO CONFIDENCE VOTE ON MAHDI UNTIL AT LEAST SECOND LEGISLATIVE TERM" relax everyone. Mahdi is not going anywhere!
8-16-2019 Intel Guru MarkZ [via PDK] We are hearing a hard date/line in the sand has been given to Mr. Trump... Do not know that date... ...Many think we will be banking on Monday. I have heard from several banking sources that the QFS has already started... Iraq said they would pay their employees by MasterCard by next week. They were supposed to be paid starting the 15th with a new rate...we are very hopeful we are about to see it everywhere...
8-16-2019 Newshound/Intel Guru Mnt Goat Article: "ARTICLE 140 WILL BE ENFORCED" IS ARTICLE 140 ALL COMPLETED? …Article 140 is not completed and needs a legal referendum...Again I am telling everyone that Article 140 is required. It is part of the new Iraqi constitution and the entire constitution must be implemented and enforced prior to the reinstatement...
8-16-2019 Newshound Guru Kaperoni Article today says the CBI reserves are up to 72 billion.
8-16-2019 Intel Guru Frank26 ...parliament made it very clear on television...purchasing power...in the first term session...the world knows they're Article VIII. It's not a secret. Now purchasing power is what the citizens want. Right now though they're cleaning everything up...
8-16-2019 Newshound/Intel Guru Mnt Goat Articles: "A COURT ORDER WAS ISSUED APPOINTING AN INSPECTOR GENERAL IN THE CENTRAL BANK OF IRAQ"; "APPOINTMENT OF AN INSPECTOR OF THE CENTRAL BANK OF IRAQ, USUALLY VIOLATED HIS INDEPENDENCE AND EXCEEDED ITS LAW" This is WOW! news! ...This yet another step in cleaning up the corruption in the CBI...The new law passed this year, the Financial Management Law states that an inspector general will be appointed over the CBI. The positions has very specific auditing responsibilities and will not interfere with monetary policy. So we are witnessing them implement this new law. This is all very good for us.
8-16-2019 Newshound Guru Kaperoni I find it funny that the guru's talk about ATM machines as if they're not working, and some mythical RV must happen for them to work. Wrong! They're fully operational right now and have been so for quite some time dispensing dinar notes at the current exchange rate.
8-16-2019 Newshound/Intel Guru Mnt Goat Article: "ARTICLE 140 WILL BE ENFORCED" IS ARTICLE 140 ALL COMPLETED? …Article 140 is not completed and needs a legal referendum...Again I am telling everyone that Article 140 is required. It is part of the new Iraqi constitution and the entire constitution must be implemented and enforced prior to the reinstatement...
8-16-2019 Newshound Guru Kaperoni Article today says the CBI reserves are up to 72 billion.
8-16-2019 Intel Guru Frank26 ...parliament made it very clear on television...purchasing power...in the first term session...the world knows they're Article VIII. It's not a secret. Now purchasing power is what the citizens want. Right now though they're cleaning everything up...
8-16-2019 Newshound/Intel Guru Mnt Goat Articles: "A COURT ORDER WAS ISSUED APPOINTING AN INSPECTOR GENERAL IN THE CENTRAL BANK OF IRAQ"; "APPOINTMENT OF AN INSPECTOR OF THE CENTRAL BANK OF IRAQ, USUALLY VIOLATED HIS INDEPENDENCE AND EXCEEDED ITS LAW" This is WOW! news! ...This yet another step in cleaning up the corruption in the CBI...The new law passed this year, the Financial Management Law states that an inspector general will be appointed over the CBI. The positions has very specific auditing responsibilities and will not interfere with monetary policy. So we are witnessing them implement this new law. This is all very good for us.
8-16-2019 Newshound Guru Kaperoni I find it funny that the guru's talk about ATM machines as if they're not working, and some mythical RV must happen for them to work. Wrong! They're fully operational right now and have been so for quite some time dispensing dinar notes at the current exchange rate.
8-15-2019 Newshound/Intel Guru Mnt Goat We still wait for the banking reforms to take hold. The CBI is still in the last phase of getting people on the credit and debit cards...The ATMs are up and working. They are distributing mostly the 250, 500 and 1,000 notes. Just recently they also re-introduced the 50 dinar notes too. The other planned smaller category notes are NOT yet in circulation but are being planned as the economic conditions dictate. ...I do see our newest window could be until the end of August until the new session of parliament on Sept 3rd begins... I say this...because parliament told us themselves this was their plan to implement the currency reform before the end of the first session of parliament. We are getting close to the end. In fact, they are already on recess and the end is technically already here. So, this window I speak of may already be all for nothing. But let’s wait it out and see what happens.
8-15-2019 Newshound/Intel Guru Dinar Investor - Jeff ...If they release lower denoms before the rate changes the first thing is people would have to carry large sacks or duffel bags of lower denoms and coins to the stores to buy consumer goods...the fastest way they piss the citizens off is if they have to start carrying very large bags of currency...because the rate hasn't changed...second...if you released smaller notes to replace bigger notes and you don't change the rate you've just devalued your currency...On March 20th the CBI already came out and said they plan to increase the exchange rate of the Iraqi dinar. So if they're going to increase the exchange rate means that the lower notes have to be release at the same time as the rate increases otherwise it will be a devaluation...
8-15-2019 Intel Guru MarkZ [via PDK] Spoke with Isaac last night…(in Zurich)...he is expecting currency funds tomorrow... I talked with 2 other contacts in Europe who are saying similar...No change of value in Iraq as of yet. [when do you think they could fire up the 800 numbers?] I am hoping to see them today...I believe we are sitting on the precipice of implosion that will push this reset to fruition. I know this waiting has been excruciating ...this reset has taken decades...and we are in the final days...we need this reset out the door NOW...
8-15-2019 Newshound Guru Kaperoni You cannot stop currency auctions until you have something to replace it. The auction is what keeps the stability of the currency. Until Iraq accepts Article VIII, the dinar is traded globally, currency auctions will continue. Auctions also serve as revenue generator for the CBI...
8-15-2019 Newshound/Intel Guru Mnt Goat We have read over and over again that they need to get the POS (point of sale) machines and ATMs (Automatic Teller Machines) up and running and most importantly for the citizens to use them. This is all part of the “project to delete the zeros”. So far, they have been very successful and are even currently paying almost 80% of the payrolls now to the citizens via electronic means. They want to soon get close to 95% by the end of the year. So the BIG push is on... Later yes, these cards can be used overseas or out of country to also conduct international business but they will need FOREX to determine the rate for the conversion...
8-15-2019 Newshound/Intel Guru Dinar Investor - Jeff The formation of the government...has everything to do with this and that's what the delay is...the number one thing...you want to keep your eyes on is the formation of the government. That's what's letting you know when you're reaching the finish line...Back on February 27th of this year Iraq had a key meeting called the National Meeting. All the members of government were present. One of the things they did was...celebrated being a brand new "unified" country...three days later on Saturday an article came out stating Iraq is now "unified"...back on that "five year delay" article from 2014 the CBI stressed that they would not delete the zeros until Iraq had political stability...making the formation of the government the linchpin to the rate change...
8-15-2019 Newshound Guru MilitiaMan Article: "The Kurdish delegation's visit to Baghdad will discuss the return of the region's share of the budget to 17 percent" So it looks like they are going to put this issue to bed finally!! I like the time line they have too. Seems to fit in line with all the education they have had on going. All the pressures from so many angles are noted that support that everyone is ready for them to complete reforms and open up to the world by twining Baghdad and Kurdistan regions into one cohesive body working for all the common good. That time frame they give is immediately after Eid Al Adha... That time frame is upon us so very shortly. Eid is over this week our time... So, I am not in any hurry to poo poo this meeting. The timing of it is in my humble opinion to be right on schedule... A big window this weekend! imo.
8-15-2019 Intel Guru MarkZ [Is Trump doing all he can to help us.] Trump is the first President to want this reset…the first one not to actively stop it… In Iraq. No new value on the dinar yet. Nothing posted in the Gazette today. Still hearing the street rate is $3.91...Our contract rates should be about $2 higher.
8-15-2019 Newshound/Intel Guru Dinar Investor - Jeff ...If they release lower denoms before the rate changes the first thing is people would have to carry large sacks or duffel bags of lower denoms and coins to the stores to buy consumer goods...the fastest way they piss the citizens off is if they have to start carrying very large bags of currency...because the rate hasn't changed...second...if you released smaller notes to replace bigger notes and you don't change the rate you've just devalued your currency...On March 20th the CBI already came out and said they plan to increase the exchange rate of the Iraqi dinar. So if they're going to increase the exchange rate means that the lower notes have to be release at the same time as the rate increases otherwise it will be a devaluation...
8-15-2019 Intel Guru MarkZ [via PDK] Spoke with Isaac last night…(in Zurich)...he is expecting currency funds tomorrow... I talked with 2 other contacts in Europe who are saying similar...No change of value in Iraq as of yet. [when do you think they could fire up the 800 numbers?] I am hoping to see them today...I believe we are sitting on the precipice of implosion that will push this reset to fruition. I know this waiting has been excruciating ...this reset has taken decades...and we are in the final days...we need this reset out the door NOW...
8-15-2019 Newshound Guru Kaperoni You cannot stop currency auctions until you have something to replace it. The auction is what keeps the stability of the currency. Until Iraq accepts Article VIII, the dinar is traded globally, currency auctions will continue. Auctions also serve as revenue generator for the CBI...
8-15-2019 Newshound/Intel Guru Mnt Goat We have read over and over again that they need to get the POS (point of sale) machines and ATMs (Automatic Teller Machines) up and running and most importantly for the citizens to use them. This is all part of the “project to delete the zeros”. So far, they have been very successful and are even currently paying almost 80% of the payrolls now to the citizens via electronic means. They want to soon get close to 95% by the end of the year. So the BIG push is on... Later yes, these cards can be used overseas or out of country to also conduct international business but they will need FOREX to determine the rate for the conversion...
8-15-2019 Newshound/Intel Guru Dinar Investor - Jeff The formation of the government...has everything to do with this and that's what the delay is...the number one thing...you want to keep your eyes on is the formation of the government. That's what's letting you know when you're reaching the finish line...Back on February 27th of this year Iraq had a key meeting called the National Meeting. All the members of government were present. One of the things they did was...celebrated being a brand new "unified" country...three days later on Saturday an article came out stating Iraq is now "unified"...back on that "five year delay" article from 2014 the CBI stressed that they would not delete the zeros until Iraq had political stability...making the formation of the government the linchpin to the rate change...
8-15-2019 Newshound Guru MilitiaMan Article: "The Kurdish delegation's visit to Baghdad will discuss the return of the region's share of the budget to 17 percent" So it looks like they are going to put this issue to bed finally!! I like the time line they have too. Seems to fit in line with all the education they have had on going. All the pressures from so many angles are noted that support that everyone is ready for them to complete reforms and open up to the world by twining Baghdad and Kurdistan regions into one cohesive body working for all the common good. That time frame they give is immediately after Eid Al Adha... That time frame is upon us so very shortly. Eid is over this week our time... So, I am not in any hurry to poo poo this meeting. The timing of it is in my humble opinion to be right on schedule... A big window this weekend! imo.
8-15-2019 Intel Guru MarkZ [Is Trump doing all he can to help us.] Trump is the first President to want this reset…the first one not to actively stop it… In Iraq. No new value on the dinar yet. Nothing posted in the Gazette today. Still hearing the street rate is $3.91...Our contract rates should be about $2 higher.
8-14-2019 Intel Guru MarkZ [Can Iraq go without the GCR?] They can...it would only be an in-country RV because of the Gold treaty...That’s what Kuwait did…they kept it in-country and quiet for 10 days before it went international.
8-14-2019 Newshound/Intel Guru Adam Montana [My personal belief is the corruption factor has to be eliminated and/or all previous crooks have to be dealt with.] Fact is, corruption exists and always will - yet progress still continues. We will never see a complete elimination of it, so the question becomes “what level of corruption will allow for the next progression?” I wholeheartedly believe Iraq has made enough progress in this area to allow an RV.
8-14-2019 Newshound Guru Dinar Investor - Jeff Will the smaller denomination come out before the RI/RV? In my opinion, no...Banks are stocked and ready to go. Basically the day the rate changes the banks will have the drawers stocked ready to start passing them out. It's that simple. So no they are not going to come out ahead of time. They'll come out the same morning that the rate changes. It's all going to happen together at the same time...
8-14-2019 Newshound/Intel Guru Mnt Goat Again, I am telling everyone what is holding back the reinstatement of the Iraqi dinar. It is corruption and the fight to clean it up. It is also not having their constitution “fully” implemented. This is a necessity. While in this process the CBI proceeds to continue with the project to delete the zeros. Yes, we all know there much corruption even at the minor level but in Iraq it is also massive and the authorities are not going to let the dinar reinstate until this is settle to their satisfaction...
8-14-2019 Newshound Guru Adam Montana We are at the end of Eid al-Adha, but that's not a holiday that brings business to a complete screeching halt like Ramadan. There is a lot of movement regarding the HCL... Article quote: "the committee did not address the discussion of the law of oil and gas, stressing the interest of the Committee on this subject and it will be a priority to legislate this law during the next phase." This Iraqi dinar RV really looks like it's in the final stages...
8-14-2019 Newshound Guru Dinar Investor - Jeff Even though parliament isn't in session...can they still revalue the currency? The answer to that is yes and no. Let me tell you why it's yes. Technically there are laws in place. The CBI is completely autonomous from the government. They are a separate group, a separate structure. They do their own thing with the money. The government does their own thing with laws and legislation. BUT in this instance the CBI made it very clear they are seeking stability. That's why we're waiting on the formation of the government. Because of how much money has been stolen from the government. This is very important to Iraq to remove all the corruption and get a solid formed technocrat government in place...
8-14-2019 Intel Guru Frank26 ...the CBI is on a vicious campaign to educate the citizens and make sure that it works with them because if it doesn't work internally...the reinstatement of the Iraqi dinar will never leave the country and go externally and internationally and grow with value...everyday the CBI is letting you know and the citizens know... [via firefly77] our electronic billboards are showing the ATM machines. The citizens MasterCard is plastered all over these billboards...it's a commercial but at the same time it's education...
8-14-2019 Intel Guru MarkZ [I just read ...that the Dong wont be revalued for 2 to 3 years AFTER the RV starts...Thoughts?] I still believe its in the first basket...I saw that rumor which makes me think its misinformation or smoke…Vietnam holds a great deal of Iraqi dinar in their treasury/foreign currency reserves just like Iraq holds a great deal of VND. …it would be a huge imbalance if they did not go together…Remember when Kuwait RV’d they said they were months or years away from revaluing…remember in the 90’s China said in a number of articles that no way were they ready to rv their currency and bam…they did it the next day. IMO this disinformation means we are very close.
8-14-2019 Newshound Guru Kaperoni ...There is no way the dinar can substantially revalue..especially at $3+. Iraq simply has to much currency in circulation...It is simply impossible for such an event to occur. An RV or RI even at 1 to $1 is not possible with 42 trillion dinar in circulation. That is 3 times the worlds money supply. Iraq could never afford such an event. The only possible solution would be a slow growth via a float as investment comes into Iraq to offset pressure/inflation. They then could collect dinar as it gradually appreciates reducing the money supply and liability. I know, the speed or rate in which a currency appreciates is based on the pressure created on the financial system which is controlled by the amount of investment. So the faster the investment or greater the investment, the faster the appreciation will be of the currency.
8-14-2019 Newshound/Intel Guru Adam Montana [My personal belief is the corruption factor has to be eliminated and/or all previous crooks have to be dealt with.] Fact is, corruption exists and always will - yet progress still continues. We will never see a complete elimination of it, so the question becomes “what level of corruption will allow for the next progression?” I wholeheartedly believe Iraq has made enough progress in this area to allow an RV.
8-14-2019 Newshound Guru Dinar Investor - Jeff Will the smaller denomination come out before the RI/RV? In my opinion, no...Banks are stocked and ready to go. Basically the day the rate changes the banks will have the drawers stocked ready to start passing them out. It's that simple. So no they are not going to come out ahead of time. They'll come out the same morning that the rate changes. It's all going to happen together at the same time...
8-14-2019 Newshound/Intel Guru Mnt Goat Again, I am telling everyone what is holding back the reinstatement of the Iraqi dinar. It is corruption and the fight to clean it up. It is also not having their constitution “fully” implemented. This is a necessity. While in this process the CBI proceeds to continue with the project to delete the zeros. Yes, we all know there much corruption even at the minor level but in Iraq it is also massive and the authorities are not going to let the dinar reinstate until this is settle to their satisfaction...
8-14-2019 Newshound Guru Adam Montana We are at the end of Eid al-Adha, but that's not a holiday that brings business to a complete screeching halt like Ramadan. There is a lot of movement regarding the HCL... Article quote: "the committee did not address the discussion of the law of oil and gas, stressing the interest of the Committee on this subject and it will be a priority to legislate this law during the next phase." This Iraqi dinar RV really looks like it's in the final stages...
8-14-2019 Newshound Guru Dinar Investor - Jeff Even though parliament isn't in session...can they still revalue the currency? The answer to that is yes and no. Let me tell you why it's yes. Technically there are laws in place. The CBI is completely autonomous from the government. They are a separate group, a separate structure. They do their own thing with the money. The government does their own thing with laws and legislation. BUT in this instance the CBI made it very clear they are seeking stability. That's why we're waiting on the formation of the government. Because of how much money has been stolen from the government. This is very important to Iraq to remove all the corruption and get a solid formed technocrat government in place...
8-14-2019 Intel Guru Frank26 ...the CBI is on a vicious campaign to educate the citizens and make sure that it works with them because if it doesn't work internally...the reinstatement of the Iraqi dinar will never leave the country and go externally and internationally and grow with value...everyday the CBI is letting you know and the citizens know... [via firefly77] our electronic billboards are showing the ATM machines. The citizens MasterCard is plastered all over these billboards...it's a commercial but at the same time it's education...
8-14-2019 Intel Guru MarkZ [I just read ...that the Dong wont be revalued for 2 to 3 years AFTER the RV starts...Thoughts?] I still believe its in the first basket...I saw that rumor which makes me think its misinformation or smoke…Vietnam holds a great deal of Iraqi dinar in their treasury/foreign currency reserves just like Iraq holds a great deal of VND. …it would be a huge imbalance if they did not go together…Remember when Kuwait RV’d they said they were months or years away from revaluing…remember in the 90’s China said in a number of articles that no way were they ready to rv their currency and bam…they did it the next day. IMO this disinformation means we are very close.
8-14-2019 Newshound Guru Kaperoni ...There is no way the dinar can substantially revalue..especially at $3+. Iraq simply has to much currency in circulation...It is simply impossible for such an event to occur. An RV or RI even at 1 to $1 is not possible with 42 trillion dinar in circulation. That is 3 times the worlds money supply. Iraq could never afford such an event. The only possible solution would be a slow growth via a float as investment comes into Iraq to offset pressure/inflation. They then could collect dinar as it gradually appreciates reducing the money supply and liability. I know, the speed or rate in which a currency appreciates is based on the pressure created on the financial system which is controlled by the amount of investment. So the faster the investment or greater the investment, the faster the appreciation will be of the currency.
8-13-2019 Newshound Guru EHankins Article: "An Iraqi passenger arrested in Al-Shalamjah port in possession of 2.5 million dinars." In my opinion this person knows that the dinar is about to Skyrocket in price real soon ...why take a trip now and pay the expense for a long stay out of country ...
8-13-2019 Intel Guru MarkZ [ I hear they want the dong rate close to the Dinar rate?] I don’t see how that could happen...I am still looking for dong rate to be around $2 to mid $2’s.
8-13-2019 Newshound Guru Dinar Investor - Jeff Regarding 800 numbers. That's all...nonsense...disregard them. There are no 800 numbers.
8-13-2019 Intel Guru MarkZ Spoke with Mr. C [Michael Cottrell]…we had every expectation everything would go last night…Iraq contacts are very excited expecting the new rate late tonight…they expect the rate to be $3.91. The Iraqi people have really suffered…..they need this badly. Military guys still feel very good about today.
8-13-2019 Newshound Guru chattels Abdel Mahdi is not going to be removed by Parliament, IMO. ...What, if any, impact does a possible change in the Prime Minister have upon our liquidity event? Who knows? Arguably, displacement of the Prime Minister bespeaks continuing political instability and is not currency value friendly.
8-13-2019 Newshound Guru Vital Brad ...So we heard Iraq's going International. They can use their currency in other countries. We hadn't heard anything on it yet...until now. Union Bank of Iraq came out with information on their new pre-paid MasterCards. "Employees of private or public sector can receive their salaries through the MasterCard from the ATM of the bank or any other cashier inside or outside Iraq..." This is a huge step for Iraq. They are getting automatic payment systems...They can use their cards anywhere MasterCard is accepted...this is a big huge step for them...I think it's time for a rate change - in my opinion...it might be a real interesting week. We'll definitely keep our eyes [on it] to see how it unfolds...
8-13-2019 Newshound/Intel Guru Dinar Investor - Jeff Do you still think it's going to happen around September 21-22? The answer to that is heck yeah. The facts keep supporting that...The information and the facts is getting very predictable. It's scary how easy it is, for me at least, to target this thing right now. I feel very confident about what I'm sharing...
8-13-2019 Newshound Guru future Article: "Sadrists seek to overthrow Abdul Mahdi after the approval of the reference" more proof mahdi is out the door...its safe to say hes probably already gone...abadi is to be put back...hes already held the pm position.
8-13-2019 Intel Guru MarkZ [ I hear they want the dong rate close to the Dinar rate?] I don’t see how that could happen...I am still looking for dong rate to be around $2 to mid $2’s.
8-13-2019 Newshound Guru Dinar Investor - Jeff Regarding 800 numbers. That's all...nonsense...disregard them. There are no 800 numbers.
8-13-2019 Intel Guru MarkZ Spoke with Mr. C [Michael Cottrell]…we had every expectation everything would go last night…Iraq contacts are very excited expecting the new rate late tonight…they expect the rate to be $3.91. The Iraqi people have really suffered…..they need this badly. Military guys still feel very good about today.
8-13-2019 Newshound Guru chattels Abdel Mahdi is not going to be removed by Parliament, IMO. ...What, if any, impact does a possible change in the Prime Minister have upon our liquidity event? Who knows? Arguably, displacement of the Prime Minister bespeaks continuing political instability and is not currency value friendly.
8-13-2019 Newshound Guru Vital Brad ...So we heard Iraq's going International. They can use their currency in other countries. We hadn't heard anything on it yet...until now. Union Bank of Iraq came out with information on their new pre-paid MasterCards. "Employees of private or public sector can receive their salaries through the MasterCard from the ATM of the bank or any other cashier inside or outside Iraq..." This is a huge step for Iraq. They are getting automatic payment systems...They can use their cards anywhere MasterCard is accepted...this is a big huge step for them...I think it's time for a rate change - in my opinion...it might be a real interesting week. We'll definitely keep our eyes [on it] to see how it unfolds...
8-13-2019 Newshound/Intel Guru Dinar Investor - Jeff Do you still think it's going to happen around September 21-22? The answer to that is heck yeah. The facts keep supporting that...The information and the facts is getting very predictable. It's scary how easy it is, for me at least, to target this thing right now. I feel very confident about what I'm sharing...
8-13-2019 Newshound Guru future Article: "Sadrists seek to overthrow Abdul Mahdi after the approval of the reference" more proof mahdi is out the door...its safe to say hes probably already gone...abadi is to be put back...hes already held the pm position.
8-12-2019 Intel Guru MarkZ Not as much news tonight as I had hoped for. Still hearing some in Reno expect a Hard start tonight… Spoke with a contractor in Iraq……Not seeing a street rate in Iraq as of yet. I heard they expect the rate late tomorrow night to be in Wednesday Gazette. Military is still saying today or tomorrow. 3 of my sources in Europe are not responding today….i hope this is a good thing.
8-12-2019 Newshound/Intel Guru Mnt Goat PROGRESS OF THE REINSTATMENT...the FIRST parliamentary session of the year was supposed to end at the end of June. We were all disappointed when we did not see the reinstatement when July arrived. Previously they told us the reinstatement would happen by the end of the FIRST session. This was scheduled to end on June 30th. ...Then they decided to extend the first session until Aug 1st not on June 30th. ...Later, just recently, they then told us the 2nd session would begin on September 3rd. So using all this data they presented to us we can conclude that we can expect a window of opportunity somewhere between now and September 3rd. ...My CBI contact in Iraq also agrees with this analysis.
8-12-2019 Newshound Guru Kaperoni Usually when a currency comes out and floats it begins at whatever the rate is at the time of transition.
8-12-2019 Newshound/Intel Guru Dinar Investor - Jeff ...I've only shared one date projection: the weekend of September 21st 22nd...I want facts to lead you up to that date. I don't want you relying 100% on my opinion...what I'm trying to share with you is...how in-depth I think. That's how I came up with a date...I just don't give you a date. My dates are very thoroughly studied...I'll pretty much know the week it's going to happen and I will let you know the week that's going to happen. The way I study this and the way I analyze this...they're not gonna hide this from me. I will know from their actions in all these different movements when it going to happen...This thing's walking you up to the month of September right now and it's really more the second half of September than anything. It's because they need to walk into 10-1 with that new rate in hand...
8-12-2019 Intel Guru MarkZ Military is still saying Monday/Tuesday...they told me this date weeks ago... Reno is expecting a hard start to start for 4b late today...this means we may see 800 numbers at that time. Hopefully we will get an update mid-afternoon. [What does a hard start mean?] Means everythings starts rolling our quickly …not the trickle we have been seeing. In iraq they are expecting a live rate of $3.91 electronically on their cards this week. There is a lot to watch today and tomorrow...expecting a big week. LOTS HAPPENING IN THE WORLD NEWS FOLKS. EXPECTED RATE OF $3.91 FOR THE DINAR. I AM PERSONALLY GOING TO LOOK AT WED. THE 15TH.
8-12-2019 Newshound Guru larrykn [Anyone heard of an article from Union Bank of Iraq about salaries being deposited in the iraq citizens master cards...] ...everyone thinks because they are using the cards the rate change is here...its not. not till they go into Art 8 and change the rate at the CBI...they are not in Article 8 yet. they can put it on the card but until they change the rate it doesn't affect us...once they change the rate then you can get excited. [You can always see the official CBI rate and CBI market rate listed on the left side of this page...]
8-12-2019 Intel Guru Frank26 [Doodlebug report]...it seems that there's a change in the pattern in the halls of the CBI. You see the employee's conversations have started to include the new small category note denominations. They are talking about the ones the fives the 10 the 20 the 50s and the 100's. They are also talking about the size of the new small category notes they say that they will be the same size as the USD or maybe just a little larger. Again this is all just in their opinion...they are talking in specifics. They are also talking about the dangers of people being taken advantage of with these new notes...this is a worry for the CBI. It must not fail with the citizens...this is why the education is so important that they do not get ripped off with the new small category notes...
8-12-2019 Newshound/Intel Guru RVAlready There is an article from Union Bank of Iraq, telling them they can have their salary deposited to the MasterCard... and withdraw it anywhere inside or outside Iraq. Whoopi!!! International!!!
8-12-2019 Newshound/Intel Guru Mnt Goat PROGRESS OF THE REINSTATMENT...the FIRST parliamentary session of the year was supposed to end at the end of June. We were all disappointed when we did not see the reinstatement when July arrived. Previously they told us the reinstatement would happen by the end of the FIRST session. This was scheduled to end on June 30th. ...Then they decided to extend the first session until Aug 1st not on June 30th. ...Later, just recently, they then told us the 2nd session would begin on September 3rd. So using all this data they presented to us we can conclude that we can expect a window of opportunity somewhere between now and September 3rd. ...My CBI contact in Iraq also agrees with this analysis.
8-12-2019 Newshound Guru Kaperoni Usually when a currency comes out and floats it begins at whatever the rate is at the time of transition.
8-12-2019 Newshound/Intel Guru Dinar Investor - Jeff ...I've only shared one date projection: the weekend of September 21st 22nd...I want facts to lead you up to that date. I don't want you relying 100% on my opinion...what I'm trying to share with you is...how in-depth I think. That's how I came up with a date...I just don't give you a date. My dates are very thoroughly studied...I'll pretty much know the week it's going to happen and I will let you know the week that's going to happen. The way I study this and the way I analyze this...they're not gonna hide this from me. I will know from their actions in all these different movements when it going to happen...This thing's walking you up to the month of September right now and it's really more the second half of September than anything. It's because they need to walk into 10-1 with that new rate in hand...
8-12-2019 Intel Guru MarkZ Military is still saying Monday/Tuesday...they told me this date weeks ago... Reno is expecting a hard start to start for 4b late today...this means we may see 800 numbers at that time. Hopefully we will get an update mid-afternoon. [What does a hard start mean?] Means everythings starts rolling our quickly …not the trickle we have been seeing. In iraq they are expecting a live rate of $3.91 electronically on their cards this week. There is a lot to watch today and tomorrow...expecting a big week. LOTS HAPPENING IN THE WORLD NEWS FOLKS. EXPECTED RATE OF $3.91 FOR THE DINAR. I AM PERSONALLY GOING TO LOOK AT WED. THE 15TH.
8-12-2019 Newshound Guru larrykn [Anyone heard of an article from Union Bank of Iraq about salaries being deposited in the iraq citizens master cards...] ...everyone thinks because they are using the cards the rate change is here...its not. not till they go into Art 8 and change the rate at the CBI...they are not in Article 8 yet. they can put it on the card but until they change the rate it doesn't affect us...once they change the rate then you can get excited. [You can always see the official CBI rate and CBI market rate listed on the left side of this page...]
8-12-2019 Intel Guru Frank26 [Doodlebug report]...it seems that there's a change in the pattern in the halls of the CBI. You see the employee's conversations have started to include the new small category note denominations. They are talking about the ones the fives the 10 the 20 the 50s and the 100's. They are also talking about the size of the new small category notes they say that they will be the same size as the USD or maybe just a little larger. Again this is all just in their opinion...they are talking in specifics. They are also talking about the dangers of people being taken advantage of with these new notes...this is a worry for the CBI. It must not fail with the citizens...this is why the education is so important that they do not get ripped off with the new small category notes...
8-12-2019 Newshound/Intel Guru RVAlready There is an article from Union Bank of Iraq, telling them they can have their salary deposited to the MasterCard... and withdraw it anywhere inside or outside Iraq. Whoopi!!! International!!!
8-11-2019 Newshound/Intel Guru Mnt Goat ...They are talking about executing the “project to delete the zeros” and we know they will also reinstate the dinar once this happens. ...Of course, the dinar will be put on a float someday once reinstated. This will drive up the rate quickly. They project it will come out around $3.00 + USD per one dinar and rise quickly. So, you will probably never even see the initial rate of a dollar since it will drive up so quickly prior to you getting chance even to go to the bank. [post 3 of 3]
8-11-2019 Newshound/Intel Guru Mnt Goat Just keep remembering that the VALUE is different from the RATE. Yes, someday we hope the RATE will reflect the true and honest VALUE of the Iraqi dinar. In fact, if it was not for the three zeros the dinar would be worth just under one US Dollar already. How do I know this rate for a fact? First, all you have to do is drop off the zeros and what is the rate? We all should know about the “project to delete the zeros” by now. Secondly, in 2013 within the quarterly report to Congress on Iraq...it stated...“the reform would have made the Iraqi dinar slightly less than a dollar”. [post 2 of 3....stay tuned]
8-11-2019 Newshound/Intel Guru Mnt Goat No, the reinstatement did not happen. They are not trading the dinar in other countries or trading it at all. ...Any changes in rates at the banks on holding patterns are from re-running the system that calculates the rates according to the new Basel requirements and bumps each currency according to their assets and the assets of other countries in their basket. ...they are already now using a basket of 5 currencies to calculate the Iraqi dinar rate. These five currencies are (Yen, British Pound, Yuan, US dollar, EURO). [post 1 of 3....stay tuned]
8-11-2019 Newshound/Intel Guru BGG FLASHBACK: “Special Inspector General for Iraq Reconstruction – Apr 2012, quarterly report to Congress." Quote: "In April 2012, the COM postponed indefinitely plans for a currency reform that would have removed three zeros from the Iraqi dinar in 2013 and required the issuance of new currency notes. The reform would have made the dinar's value slightly less than $1. It is currently worth less than one-thenth of a cent." This report is from page 84 of the massive SIGR report (Special Inspector General for the Reconstruction of Iraq. THIS REPORT WAS SENT TO THE UNITED STATES CONGRESS. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.
8-11-2019 Newshound/Intel Guru David M. Witty Iraqi political source says US has given the green light to pro-US political blocs to find a replacement for PM Abdel-Mahdi.
8-11-2019 Newshound Guru future Article: "Informed sources suggest the replacement of the prime minister after the holiday" seems Mahdi is out the door...they want abadi to replace him...Seems Abadi is coming back wow...my prediction is we get a new [CBI] governor sworn in by Oct 1 and abadi comes in very soon...To me this is great news...thats when we may see this thing pop...finally.
8-11-2019 Intel/Newshound Guru sandyf ...current international accounting regulations would prevent the general concept of a huge overnight "revaluation". So unless you can show some changes to these regulations it would have to be taken that Kap [Guru Kaperoni] is right... [reference Guru Kaperoni post 8-9-2019]
8-11-2019 Newshound Guru Kaperoni A new 2020 budget article is out today confirming the budget includes multiple sources of income instead of relying on oil. The World Bank is telling Iraq they are at a red line in spending on the budget calling for them to activate the private sector. One of the best performing currencies is the Egyptian pound with a 6.5% increase last period. We can only hope the Dinar performs better once they begin the float. Hopefully there's enough pressure on them to make the changes that are needed over the next few months.
8-11-2019 Newshound/Intel Guru Mnt Goat Just keep remembering that the VALUE is different from the RATE. Yes, someday we hope the RATE will reflect the true and honest VALUE of the Iraqi dinar. In fact, if it was not for the three zeros the dinar would be worth just under one US Dollar already. How do I know this rate for a fact? First, all you have to do is drop off the zeros and what is the rate? We all should know about the “project to delete the zeros” by now. Secondly, in 2013 within the quarterly report to Congress on Iraq...it stated...“the reform would have made the Iraqi dinar slightly less than a dollar”. [post 2 of 3....stay tuned]
8-11-2019 Newshound/Intel Guru Mnt Goat No, the reinstatement did not happen. They are not trading the dinar in other countries or trading it at all. ...Any changes in rates at the banks on holding patterns are from re-running the system that calculates the rates according to the new Basel requirements and bumps each currency according to their assets and the assets of other countries in their basket. ...they are already now using a basket of 5 currencies to calculate the Iraqi dinar rate. These five currencies are (Yen, British Pound, Yuan, US dollar, EURO). [post 1 of 3....stay tuned]
8-11-2019 Newshound/Intel Guru BGG FLASHBACK: “Special Inspector General for Iraq Reconstruction – Apr 2012, quarterly report to Congress." Quote: "In April 2012, the COM postponed indefinitely plans for a currency reform that would have removed three zeros from the Iraqi dinar in 2013 and required the issuance of new currency notes. The reform would have made the dinar's value slightly less than $1. It is currently worth less than one-thenth of a cent." This report is from page 84 of the massive SIGR report (Special Inspector General for the Reconstruction of Iraq. THIS REPORT WAS SENT TO THE UNITED STATES CONGRESS. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.
8-11-2019 Newshound/Intel Guru David M. Witty Iraqi political source says US has given the green light to pro-US political blocs to find a replacement for PM Abdel-Mahdi.
8-11-2019 Newshound Guru future Article: "Informed sources suggest the replacement of the prime minister after the holiday" seems Mahdi is out the door...they want abadi to replace him...Seems Abadi is coming back wow...my prediction is we get a new [CBI] governor sworn in by Oct 1 and abadi comes in very soon...To me this is great news...thats when we may see this thing pop...finally.
8-11-2019 Intel/Newshound Guru sandyf ...current international accounting regulations would prevent the general concept of a huge overnight "revaluation". So unless you can show some changes to these regulations it would have to be taken that Kap [Guru Kaperoni] is right... [reference Guru Kaperoni post 8-9-2019]
8-11-2019 Newshound Guru Kaperoni A new 2020 budget article is out today confirming the budget includes multiple sources of income instead of relying on oil. The World Bank is telling Iraq they are at a red line in spending on the budget calling for them to activate the private sector. One of the best performing currencies is the Egyptian pound with a 6.5% increase last period. We can only hope the Dinar performs better once they begin the float. Hopefully there's enough pressure on them to make the changes that are needed over the next few months.
8-10-2019 Newshound Guru larrykn ...it does seem that the CBI is getting their stuff together now, at a good pace too, I guess (haven't seen the article) that they elected a new governor, we will see and what is his take of reforms. I also noticed that Kap [Guru Kaperoni] keeps talking about will Iraq have what it takes to get investor into Iraq. Well all I read lately is how companies are coming into Iraq or made agreements to come in. I don't think they will have a problem with investor, matter of fact this might be good for us due to they will already have the private sector setup before they increase the value of their currency. which is why I'm not sure Kaps thinking about starting out at were it is would hold up or not, time will tell... but IMO no one knows where it will start and how long it will take to get to where we can make money.
8-10-2019 Intel Guru Frank26 ...these were new employees that the CBI was hiring and they were there at the banquet...So I got a little bit curious, 60 to 80 employees...what they're doing is teaching these employees...these new 60, 70, 80 CBI employees are being trained on the transfer of money of the dinar outside of Iraq to other countries, to the private banks around the world that are linked up to the CBI's private banks...
8-10-2019 Newshound/Intel Guru Dinar Investor - Jeff ...This is the first year, 2019, that Iraq has ever set the stage or the rate change...everything that's been remaining and outstanding...is actually being completed...being completed right before our eyes. ...My target date is the weekend of September 21/22 for the rate change...IMO...we need to see the facts come into alignment for that. [reference Dinar Investor - Jeff posts 1, 2 & 3, 8-9-2019]
8-10-2019 Intel Guru Eagleone2025 [via PDK] AS I SAID BACK IN MAY THERE ARE THREE WINDOWS THE THIRD WINDOW IS SEPT.- OCT. THIS RV IS A WORLD WIDE EVENT...IT IS A DAY BY DAY PROCESS. THE DAY AND HOUR IS REALLY UNKNOWN...
8-10-2019 Newshound/Intel Guru RVAlready For being on the cusp of the RV, it is surprisingly quiet...
8-10-2019 Newshound/Intel Guru Walkingstick Keep, in mind...most, of the news now.. regarding, their currency reform...Is geared, toward...the Iraqis themselves...We, may not read and or hear, of...but...because you may or may not read of...does not mean, they are not moving forward... they are well beyond what you now read...They have, in fact...completed, all necessary line items to enact/implement their RD/ RV/ RI...
8-10-2019 Intel Guru Frank26 There are many meetings occurring inside Iraq with the Central Bank of Iraq and a lot of different agencies...we went to the Basil II celebration...When it was over with the CBI members...said, 'sure we'll answer some questions.' The first question had to deal with the International Exchange Department...whoa! This is a new department isn't it? What can you tell us about that CBI? And what did they say? The CBI said yes that International Department is coming very soon...under article XIV you sure as heck don't need that department at the CBI do you?...second question: You tell us that you're gonna add value to our currency, when? And the answer was total silence followed by a Cheshire Cat simile followed by the next question. There was no embarrassment...there was no shy confusion. There was a smile...
8-10-2019 Intel Guru Frank26 ...these were new employees that the CBI was hiring and they were there at the banquet...So I got a little bit curious, 60 to 80 employees...what they're doing is teaching these employees...these new 60, 70, 80 CBI employees are being trained on the transfer of money of the dinar outside of Iraq to other countries, to the private banks around the world that are linked up to the CBI's private banks...
8-10-2019 Newshound/Intel Guru Dinar Investor - Jeff ...This is the first year, 2019, that Iraq has ever set the stage or the rate change...everything that's been remaining and outstanding...is actually being completed...being completed right before our eyes. ...My target date is the weekend of September 21/22 for the rate change...IMO...we need to see the facts come into alignment for that. [reference Dinar Investor - Jeff posts 1, 2 & 3, 8-9-2019]
8-10-2019 Intel Guru Eagleone2025 [via PDK] AS I SAID BACK IN MAY THERE ARE THREE WINDOWS THE THIRD WINDOW IS SEPT.- OCT. THIS RV IS A WORLD WIDE EVENT...IT IS A DAY BY DAY PROCESS. THE DAY AND HOUR IS REALLY UNKNOWN...
8-10-2019 Newshound/Intel Guru RVAlready For being on the cusp of the RV, it is surprisingly quiet...
8-10-2019 Newshound/Intel Guru Walkingstick Keep, in mind...most, of the news now.. regarding, their currency reform...Is geared, toward...the Iraqis themselves...We, may not read and or hear, of...but...because you may or may not read of...does not mean, they are not moving forward... they are well beyond what you now read...They have, in fact...completed, all necessary line items to enact/implement their RD/ RV/ RI...
8-10-2019 Intel Guru Frank26 There are many meetings occurring inside Iraq with the Central Bank of Iraq and a lot of different agencies...we went to the Basil II celebration...When it was over with the CBI members...said, 'sure we'll answer some questions.' The first question had to deal with the International Exchange Department...whoa! This is a new department isn't it? What can you tell us about that CBI? And what did they say? The CBI said yes that International Department is coming very soon...under article XIV you sure as heck don't need that department at the CBI do you?...second question: You tell us that you're gonna add value to our currency, when? And the answer was total silence followed by a Cheshire Cat simile followed by the next question. There was no embarrassment...there was no shy confusion. There was a smile...
8-9-2019 Newshound Guru Kaperoni People need to get over the idea of a "revaluation" of the Iraqi dinar. It's not happening. Not how monetary policy works. Just look at other emerging markets. Iraq plans to include the significant increase in spending ($70 billion) in its 2020 budget. But will investors come and participate? Iraq has about 4 months to pass the laws needed to encourage investment along with passing the 2020 budget. We will see if they can get this done. So what happens if they pass the laws and budget and nobody invests in rebuilding Iraq? Interesting question. Time will tell if the free market economy is a flop or not. In either case (investment or not) there will be no overnight "RV or RI" of the dinar. What we can expect is similar to Egypt..which is a gradual increase (8-15% a year) via a float. But only if investment comes and creates pressure on the banking system.
8-9-2019 Newshound Guru Vital Brad back in 2014 things were picking up at that time as well and then they came out with an article saying that they were putting the project on a five year delay. Here we are 2019...there's a lot of news articles. A lot of things happening. A lot of things lining up. So in my opinion we're closer than ever. There's a lot of gurus out there saying that it's ready to happen...banks are ready to start exchanging people's dinar. I lean more along the line of the lines of the fiscal calendar that it would happen at the beginning of the next quarter...so October. I think just for books and things that they would keep things in order doing it in alignment with that. Or even January 2020 but again I'm not a financial advise. I could be wrong. It could happen tomorrow...could happen anytime...
8-9-2019 Intel Guru MarkZ [via PDK] Message out of Zurich contact is they are now expecting to go on Monday...From Spain is looks like they started exchanges...things paused...now they are waiting to start up again on Monday. From Iraq - they are expecting to see the new rate this weekend. My military contact still expects things to start on Monday. I personally feel we are right on top of this with all the countries of the world about to implode...IMO.
8-9-2019 Newshound/Intel Guru Dinar Investor - Jeff ...remember...the formation of the government is the linchpin to the rate change. Now they have told us in the news they plan to try on finishing the formation of the government during the month of September... Now...accounting period for 10-1, you've seen a ton of articles talking about money, money, money... They are setting the stage for this thing...they've got to walk into October with a brand new rate in hand. Keep your eyes on September. You're waiting on them to set the stage and then they're going to do it. [post 3 of 3]
8-9-2019 Newshound/Intel Guru Dinar Investor - Jeff So now as we progress through the first half of the year...again they were not working on the formation of the government at all. What they did January to the end of June was set the post rate change stage for the country of Iraq. The stage had to set in 2 ways...the first half of the stage was set for the country of Iraq and that was January through the end of June. Then as we transition into July, that's when you started seed boat loads of articles talking about Article 140, the HCL & Kurds meeting with Baghdad. All of that was Iraq setting the post rate change stage for the citizens and then they even brought cleaning up the corruption into the mix too. Don't worry about that..that will all get done in due time, it's not a problem. But, you can't have your big event...until you've got your stage set. That's what you're waiting on. [post 2 of 3....stay tuned]
8-9-2019 Newshound/Intel Guru Dinar Investor - Jeff IMO...when you're setting the stage for a big event you can't have that big event until the stage is set...that's really all what you are waiting on is for them to set the...stage & then it's game over. So, going back to 2014 the CBI made it very clear that until Iraq achieved political stability they would not change the rate or delete the zeroes... Now let's fast forward to 2019...at the beginning of '19 they did not start working on the formation of the government, they went straight into setting the stage. At the beginning of '19 they told us that in the budget they would have monies for HCL, Article 140, all of that... What they are telling us...is that the 2019 budget has post RI monies and that they anticipate or plan on changing the rate within the year 2019. [post 1 of 3....stay tuned]
8-9-2019 Guest Newshound Guru Samson Article: "The territorial government announces the holiday" Quote: "...the period from Sunday, August 11, 2019 until Thursday, August 15, 2019, an official holiday, and that Thursday is also one of the holidays."
8-9-2019 Newshound Guru Vital Brad back in 2014 things were picking up at that time as well and then they came out with an article saying that they were putting the project on a five year delay. Here we are 2019...there's a lot of news articles. A lot of things happening. A lot of things lining up. So in my opinion we're closer than ever. There's a lot of gurus out there saying that it's ready to happen...banks are ready to start exchanging people's dinar. I lean more along the line of the lines of the fiscal calendar that it would happen at the beginning of the next quarter...so October. I think just for books and things that they would keep things in order doing it in alignment with that. Or even January 2020 but again I'm not a financial advise. I could be wrong. It could happen tomorrow...could happen anytime...
8-9-2019 Intel Guru MarkZ [via PDK] Message out of Zurich contact is they are now expecting to go on Monday...From Spain is looks like they started exchanges...things paused...now they are waiting to start up again on Monday. From Iraq - they are expecting to see the new rate this weekend. My military contact still expects things to start on Monday. I personally feel we are right on top of this with all the countries of the world about to implode...IMO.
8-9-2019 Newshound/Intel Guru Dinar Investor - Jeff ...remember...the formation of the government is the linchpin to the rate change. Now they have told us in the news they plan to try on finishing the formation of the government during the month of September... Now...accounting period for 10-1, you've seen a ton of articles talking about money, money, money... They are setting the stage for this thing...they've got to walk into October with a brand new rate in hand. Keep your eyes on September. You're waiting on them to set the stage and then they're going to do it. [post 3 of 3]
8-9-2019 Newshound/Intel Guru Dinar Investor - Jeff So now as we progress through the first half of the year...again they were not working on the formation of the government at all. What they did January to the end of June was set the post rate change stage for the country of Iraq. The stage had to set in 2 ways...the first half of the stage was set for the country of Iraq and that was January through the end of June. Then as we transition into July, that's when you started seed boat loads of articles talking about Article 140, the HCL & Kurds meeting with Baghdad. All of that was Iraq setting the post rate change stage for the citizens and then they even brought cleaning up the corruption into the mix too. Don't worry about that..that will all get done in due time, it's not a problem. But, you can't have your big event...until you've got your stage set. That's what you're waiting on. [post 2 of 3....stay tuned]
8-9-2019 Newshound/Intel Guru Dinar Investor - Jeff IMO...when you're setting the stage for a big event you can't have that big event until the stage is set...that's really all what you are waiting on is for them to set the...stage & then it's game over. So, going back to 2014 the CBI made it very clear that until Iraq achieved political stability they would not change the rate or delete the zeroes... Now let's fast forward to 2019...at the beginning of '19 they did not start working on the formation of the government, they went straight into setting the stage. At the beginning of '19 they told us that in the budget they would have monies for HCL, Article 140, all of that... What they are telling us...is that the 2019 budget has post RI monies and that they anticipate or plan on changing the rate within the year 2019. [post 1 of 3....stay tuned]
8-9-2019 Guest Newshound Guru Samson Article: "The territorial government announces the holiday" Quote: "...the period from Sunday, August 11, 2019 until Thursday, August 15, 2019, an official holiday, and that Thursday is also one of the holidays."
8-8-2019 Intel Guru MarkZ [via PDK] It feels like someone hit the pause button at about noon est today... We have rumors that Italy and Portugal have started exchanges today. We have confirmations from Spain and India…that exchanges did start...I believe they are moving “east to west”...it appears to be underway just not sure how long the roll out process takes…Redemption Center folks still have no idea why they are sitting there doing nothing. Military Still telling me it all starts on Monday... [A friend in Lebanon. On their TV news... they are showing people in the streets holding up 25,000 bank notes and crossing out the zeroes on Dinar... Cheering in the streets.. The RV is worldwide EXCEPT for the USA!] I did hear that...didnt want to mention it without more verification.
8-8-2019 Newshound Guru chattels [Do you believe it will happen one day?] I am here because that is my belief.
8-8-2019 Intel Guru Frank26 Every day since the IMF came out and said they [Iraq] use article VIII tools... the CBI or somebody else with authority defines to me clearly that Iraq is Article VIII...ever since that day it has been well proven that Iraq is about ready to tell the world that they are Article VIII. You see the contracts that started pouring in just yesterday. Why?...why now...Yes they are Article VIII. It is not a secret...Everyone knows that it's on paper. Now Iraq must claim the responsibility to announce that they are Article VIII. And I feel that's what they are doing. They're making the preparations to do so. It must be coordinated perfect...they'll have a press conference...
8-8-2019 Intel Guru MarkZ [What are your Redemption Center contacts saying...?] They are scratching their heads...They don’t know what is happening right now... They have been on the edge of their seats for so long waiting for us to start exchanging... ...We are hearing reports from Spain, Portugal and Italy that they have started exchanges. I just got this info...Also from 3 other countries…No updates from Zurich from anyone...this is very odd...makes me think there could be an NDA there. There is a lot of chatter from Reno that today is the day. I also was told to watch for 800 numbers any time after noon EST. I need to get more verification and information today on all those rumors. I believe we are very close.
8-8-2019 Newshound/Intel Guru Dinar Investor - Jeff ...Notice the corruption news didn't really start until about mid July...suggesting to me that they started making their moves on the corruption most likely towards the beginning of July. Yes we do need to see the corruption come to an end because that's a huge factor and layer of the political stability that the CBI is seeking before they'll even agree to delete the zeroes or change the rate. ...I think most of it is probably already dealt with and all you are just hearing now is the aftermath of it within the news. ...the progress is probably further along than we are privy to know. [post 2 of 2]
8-8-2019 Newshound/Intel Guru Dinar Investor - Jeff Let's talk about corruption, IMO...there's no way that any type of legal authorities are going to give criminals the upper hand...they're not going to come out and say we are going to file sanctions against you or we're going to freeze your assets or arrest you...they're not going to do that. Well, that's what you are seeing in the news right now. Articles are coming out saying we're going to put sanctions on this one...there's no way they would release that information prior to making a move or enacting on the person...if they did they would give the upper hand. [post 1 of 2....stay tuned]
8-8-2019 Newshound Guru future ...Iraq has said the notes [3 zero notes & lower denominations] would CO exist...iraq has no hyper inflation...they have kept inflation at bay for years...so...Iraq and Iran arent the same...there are different types of scenarios with redenominations that pertain to certain countries issues...will Iraq gain more purchasing power? of course when they revalue substantially.
8-8-2019 Newshound Guru chattels [Do you believe it will happen one day?] I am here because that is my belief.
8-8-2019 Intel Guru Frank26 Every day since the IMF came out and said they [Iraq] use article VIII tools... the CBI or somebody else with authority defines to me clearly that Iraq is Article VIII...ever since that day it has been well proven that Iraq is about ready to tell the world that they are Article VIII. You see the contracts that started pouring in just yesterday. Why?...why now...Yes they are Article VIII. It is not a secret...Everyone knows that it's on paper. Now Iraq must claim the responsibility to announce that they are Article VIII. And I feel that's what they are doing. They're making the preparations to do so. It must be coordinated perfect...they'll have a press conference...
8-8-2019 Intel Guru MarkZ [What are your Redemption Center contacts saying...?] They are scratching their heads...They don’t know what is happening right now... They have been on the edge of their seats for so long waiting for us to start exchanging... ...We are hearing reports from Spain, Portugal and Italy that they have started exchanges. I just got this info...Also from 3 other countries…No updates from Zurich from anyone...this is very odd...makes me think there could be an NDA there. There is a lot of chatter from Reno that today is the day. I also was told to watch for 800 numbers any time after noon EST. I need to get more verification and information today on all those rumors. I believe we are very close.
8-8-2019 Newshound/Intel Guru Dinar Investor - Jeff ...Notice the corruption news didn't really start until about mid July...suggesting to me that they started making their moves on the corruption most likely towards the beginning of July. Yes we do need to see the corruption come to an end because that's a huge factor and layer of the political stability that the CBI is seeking before they'll even agree to delete the zeroes or change the rate. ...I think most of it is probably already dealt with and all you are just hearing now is the aftermath of it within the news. ...the progress is probably further along than we are privy to know. [post 2 of 2]
8-8-2019 Newshound/Intel Guru Dinar Investor - Jeff Let's talk about corruption, IMO...there's no way that any type of legal authorities are going to give criminals the upper hand...they're not going to come out and say we are going to file sanctions against you or we're going to freeze your assets or arrest you...they're not going to do that. Well, that's what you are seeing in the news right now. Articles are coming out saying we're going to put sanctions on this one...there's no way they would release that information prior to making a move or enacting on the person...if they did they would give the upper hand. [post 1 of 2....stay tuned]
8-8-2019 Newshound Guru future ...Iraq has said the notes [3 zero notes & lower denominations] would CO exist...iraq has no hyper inflation...they have kept inflation at bay for years...so...Iraq and Iran arent the same...there are different types of scenarios with redenominations that pertain to certain countries issues...will Iraq gain more purchasing power? of course when they revalue substantially.
8-7-2019 Newshound/Intel Guru Mnt Goat [I read that an interm CBI head has been appointed but not fully confirmed...] new CBI director is confirmed and ratified last Thursday by parliament. Effective Sept 1st when Alaq leaves. They are transitioning now until then.
8-7-2019 Newshound/Intel Guru Dinar Investor - Jeff ...so by early Sept/mid Sept the last variable remaining will be the final step which is the formation of the government. What that's telling is that Iraq has done everything they need to do to set the stage and they are ready to change the rate...and the absolute last variable you are waiting on is the formation of the government because that's what the CBI said multiple times...they want Iraq to achieve political stability before they will agree to delete the zeroes and change the rate...That's the direction we want to the news go & once we see that they are pretty much telling us the stage is set & they are ready to do this...the formation of the government is the icing on the cake... [post 2 of 2]
8-7-2019 Newshound/Intel Guru Dinar Investor - Jeff So what are we looking for and what are we seeking and how do we know we are on tract and how do we know we are getting closer to seeing this? ...they have been setting the stage...the whole first half of the year talking about trade agreements, reconstruction, having all these meetings with Kurdistan... Here's what we are looking for...we are looking for that movement to slow down. As we are approaching the end of August and into September we want to see news articles to stop talking about all this stuff. We don't want to see articles on reconstruction ...corruption, on meetings with the Kurds... [post 1 of 2....stay tuned]
8-7-2019 Intel Guru MarkZ [via PDK] News is streaming in...especially from Asia... They believe we have a “go” today. In Reno - they expect things to break loose after 3-4 today. Some military contacts don’t expect things to start until the weekend or first of next week...so a bit of conflicting info. Finally spoke with my friends in Iraq and as of yesterday there is no rate change over there yet. Iraq has been very up-front with the coming revaluation of their currency... Its been astounding.
8-7-2019 Newshound/Intel Guru Mnt Goat ...We need to see the smaller category notes issued. They know that once they issue these notes in bulk to the public there is NO TURNING BACK! ...wait for this to be our sign that they are VERY SERIOUS this time. This could all happen in a matter of a days or a week and so suddenly...
8-7-2019 Newshound Guru Kaperoni ...Iraq is planning...a market economy, stock market and private sector...investment will fuel the growth of Iraq and allow Iraq to prosper. What can happen is Iraq will transition to a market economy, create a private sector and achieve billions in foreign investment. If it happens, that will drive the currency (dinar) value up gradually.
8-7-2019 Newshound/Intel Guru Dinar Investor - Jeff ...so by early Sept/mid Sept the last variable remaining will be the final step which is the formation of the government. What that's telling is that Iraq has done everything they need to do to set the stage and they are ready to change the rate...and the absolute last variable you are waiting on is the formation of the government because that's what the CBI said multiple times...they want Iraq to achieve political stability before they will agree to delete the zeroes and change the rate...That's the direction we want to the news go & once we see that they are pretty much telling us the stage is set & they are ready to do this...the formation of the government is the icing on the cake... [post 2 of 2]
8-7-2019 Newshound/Intel Guru Dinar Investor - Jeff So what are we looking for and what are we seeking and how do we know we are on tract and how do we know we are getting closer to seeing this? ...they have been setting the stage...the whole first half of the year talking about trade agreements, reconstruction, having all these meetings with Kurdistan... Here's what we are looking for...we are looking for that movement to slow down. As we are approaching the end of August and into September we want to see news articles to stop talking about all this stuff. We don't want to see articles on reconstruction ...corruption, on meetings with the Kurds... [post 1 of 2....stay tuned]
8-7-2019 Intel Guru MarkZ [via PDK] News is streaming in...especially from Asia... They believe we have a “go” today. In Reno - they expect things to break loose after 3-4 today. Some military contacts don’t expect things to start until the weekend or first of next week...so a bit of conflicting info. Finally spoke with my friends in Iraq and as of yesterday there is no rate change over there yet. Iraq has been very up-front with the coming revaluation of their currency... Its been astounding.
8-7-2019 Newshound/Intel Guru Mnt Goat ...We need to see the smaller category notes issued. They know that once they issue these notes in bulk to the public there is NO TURNING BACK! ...wait for this to be our sign that they are VERY SERIOUS this time. This could all happen in a matter of a days or a week and so suddenly...
8-7-2019 Newshound Guru Kaperoni ...Iraq is planning...a market economy, stock market and private sector...investment will fuel the growth of Iraq and allow Iraq to prosper. What can happen is Iraq will transition to a market economy, create a private sector and achieve billions in foreign investment. If it happens, that will drive the currency (dinar) value up gradually.
8-6-2019 Newshound/Intel Guru Dinar Investor - Jeff I told you that they have some key laws...3 laws...Article 140, HCL and the Federal Court Act... that can only happen after the rate change...Article 140...has been on the books and ready to go since 2005... why would they have been just talking about them instead of enacting them. It's very clear we are waiting on a rate change. But now they are telling you they are going to try and tackle them starting in the next legislative term which is September...September is coming together right before your eyes...IMO... [post 2 of 2]
8-6-2019 Newshound/Intel Guru Dinar Investor - Jeff Article quote: "...noting that the House of Representatives is determined to enact the outstanding laws 15 years ago, the most important oil and gas and the Federal Court..." The article tells you that these laws are 15 years old...waiting and pending to be enacted... And now they are telling you in the news that Parliament is going to try and get these laws enacted in the next term which starts in September. Since July I have put a large emphasis on September for many reasons and now you are starting to see September come together before your eyes... [post 1 of 2....stay tuned]
8-6-2019 Newshound/Intel Guru Mnt Goat First what did the Parliament tell us way back in March 2019 about the dinar? I quote from the article – “THE COMMITTEE WILL MOVE DURING THE CURRENT LEGISLATIVE TERM TOWARDS CHANGING THE FISCAL AND MONETARY POLICY IN THE COUNTRY in general,” So from this news from parliament in March they planned to get the dinar reform done within the first legislative term. This term is just now ending. It was supposed to end way back at the end of June but was delayed and they extending the session until now. So technically the session can continue right up until September 3rd, even though members may now be physically in the house and on recess. We see the next term starting on September 3rd. Is this maybe a window of opportunity for us to see some progress in the dinar reinstatement or will they postpone it to the 2nd legislative term?
8-6-2019 Intel Guru MarkZ [When are we expecting 800 numbers?] I expected them last night...my guess is anytime before Thursday. [...have you heard anything from your redemption center contacts?] They are still at work waiting for us to exchange this week...They are being told to be “on call” this weekend... IMO no hold up…we are moving forward as we speak. It’s crunch time to get this thing out the door. [Do you see the RV by Thursday?] Well I am putting myself out on a limb- but yes I do. [post 2 of 2]
8-6-2019 Intel Guru MarkZ [via PDK] We are just sitting on the edge of our seats waiting for this to go... Its been a miserable week of “Any minute now”. ...The new edition of the Gazette #4550...Lots of information about the impending revaluation of the dinar. Iraqi contacts are at the edge of their seats saying it could be any moment…no change of rate as of yesterday...Military contacts say it is absolutely “any moment”. I was told that the Treasury gave the go ahead and that they gave the” GO” for this week. [post 1 of 2....stay tuned]
8-6-2019 Newshound/Intel Guru RVAlready Everything is ready. This cannot/should not be held up any longer. Exchanges need to actually start now!
8-6-2019 Newshound/Intel Guru Dinar Investor - Jeff This is not my opinion. This is fact...what they're gonna do is yes they'll delete the zeros to replace larger notes with smaller notes and coins. What they're gonna do is increase the exchange rate just as they told you on March 20th of this year...what that does is add value to the currency to give purchase power...that's how simple it is...they've also told us the two currencies will coexist together at the same time. Meaning a 25k note will maintain its value and a 25 note will maintain its value. They coexist together at an increased rate... [post 2 of 2] [see post 1....8-5-2019]
8-6-2019 Intel Guru MarkZ [via PDK] [Everyone says I am crazy and being scammed] Warren Buffet bought a lot of Dinar and he doesn’t fall for scams. Reserves may have been a scam...we all fell for that...but the Dinar investment is definitely not a scam.
8-6-2019 Newshound/Intel Guru Dinar Investor - Jeff Article quote: "...noting that the House of Representatives is determined to enact the outstanding laws 15 years ago, the most important oil and gas and the Federal Court..." The article tells you that these laws are 15 years old...waiting and pending to be enacted... And now they are telling you in the news that Parliament is going to try and get these laws enacted in the next term which starts in September. Since July I have put a large emphasis on September for many reasons and now you are starting to see September come together before your eyes... [post 1 of 2....stay tuned]
8-6-2019 Newshound/Intel Guru Mnt Goat First what did the Parliament tell us way back in March 2019 about the dinar? I quote from the article – “THE COMMITTEE WILL MOVE DURING THE CURRENT LEGISLATIVE TERM TOWARDS CHANGING THE FISCAL AND MONETARY POLICY IN THE COUNTRY in general,” So from this news from parliament in March they planned to get the dinar reform done within the first legislative term. This term is just now ending. It was supposed to end way back at the end of June but was delayed and they extending the session until now. So technically the session can continue right up until September 3rd, even though members may now be physically in the house and on recess. We see the next term starting on September 3rd. Is this maybe a window of opportunity for us to see some progress in the dinar reinstatement or will they postpone it to the 2nd legislative term?
8-6-2019 Intel Guru MarkZ [When are we expecting 800 numbers?] I expected them last night...my guess is anytime before Thursday. [...have you heard anything from your redemption center contacts?] They are still at work waiting for us to exchange this week...They are being told to be “on call” this weekend... IMO no hold up…we are moving forward as we speak. It’s crunch time to get this thing out the door. [Do you see the RV by Thursday?] Well I am putting myself out on a limb- but yes I do. [post 2 of 2]
8-6-2019 Intel Guru MarkZ [via PDK] We are just sitting on the edge of our seats waiting for this to go... Its been a miserable week of “Any minute now”. ...The new edition of the Gazette #4550...Lots of information about the impending revaluation of the dinar. Iraqi contacts are at the edge of their seats saying it could be any moment…no change of rate as of yesterday...Military contacts say it is absolutely “any moment”. I was told that the Treasury gave the go ahead and that they gave the” GO” for this week. [post 1 of 2....stay tuned]
8-6-2019 Newshound/Intel Guru RVAlready Everything is ready. This cannot/should not be held up any longer. Exchanges need to actually start now!
8-6-2019 Newshound/Intel Guru Dinar Investor - Jeff This is not my opinion. This is fact...what they're gonna do is yes they'll delete the zeros to replace larger notes with smaller notes and coins. What they're gonna do is increase the exchange rate just as they told you on March 20th of this year...what that does is add value to the currency to give purchase power...that's how simple it is...they've also told us the two currencies will coexist together at the same time. Meaning a 25k note will maintain its value and a 25 note will maintain its value. They coexist together at an increased rate... [post 2 of 2] [see post 1....8-5-2019]
8-6-2019 Intel Guru MarkZ [via PDK] [Everyone says I am crazy and being scammed] Warren Buffet bought a lot of Dinar and he doesn’t fall for scams. Reserves may have been a scam...we all fell for that...but the Dinar investment is definitely not a scam.
8-5-2019 Intel Guru MarkZ [via PDK] [Any updates from Wells Fargo getting the 800 #'s ?] This weekend I heard from a treasure contact and a WF contact that the Treasury was finally ready and that WF didn’t believe it…the boy who cried wolf kinda thing...WF didn’t believe it and wasn’t ready is what we heard. We are hearing they are ready today. [You don't seriously believe that this didn't happen cuz the banks weren't ready, do you?] That’s what they told us... I believe that it could have happened but it would only take a short time for the bank to get ready to go…maybe 12 hours tops...Do I believe that this caused a delay of days...no I do not.
8-5-2019 Intel Guru Eagleone2025 [via PDK] ...AS I SAID IN MAY THERE WOULD BE THREE MAJOR WINDOWS I TOLD SEVERAL PEOPLE THOSE WINDOWS. I ALSO SAID THERE WOULD BE A CHANCE IN SOME OF THE OTHER SMALL WINDOWS. EARLY IN THE YEAR I TALKED ABOUT SOME SERIOUS EVENTS WOULD TAKE PLACE. I TALKED ABOUT SEE YOU IN SEPT - OCT. AND OVER THE 60 DAYS THERE WOULD BE SERIOUS EVENTS. ...AS I SAID I HOPE I AM WRONG ABOUT TIME FRAME. I HOPE WE ARE IN THE BANKS SOON.
8-5-2019 Newshound/Intel Guru Dinar Investor - Jeff Delete the zeros can mean one of two things...It's based on a country's economy and where their economy and where their inflation is at...some countries...had a poor economy with high inflation. So what they would do is replace larger notes with smaller notes and they don't change the rate. What they've essentially done is devalue the currency that eases inflation. That's one scenario. Second Scenario which is what the Iraq Central Bank has told us they're gonna do... [post 1 of 2....stay tuned]
8-5-2019 Intel Guru MarkZ [via PDK] I have talked to a number of contacts there and Iraq is beyond ready to go...they are telling us every day they are ready to go…they are waiting on the rest of the world and desperately hope we hurry up because we are affecting their stability as a nation. [Does anything else need to be accomplished?] IMO they just need to say “go” and we are done. [...do you think today is the day?] It could be... I think they are setting the stage for it. My military sources are still saying anytime before Aug. 15th and banking contacts are saying it should be right now.
8-5-2019 Newshound/Intel Guru Mnt Goat Many of these stashes of currencies have been hidden for a very long time and are damaged and so the banks must have some standard to reject them. They will be turning them into the CBI and so they must follow the CBI. Folks this is a small indication but an important one that Iraq is getting ready to end the currency auctions and when they do we know they must use the Iraqi dinar for trade. When they do this they must raise the value and complete the project to delete the zeros. This is when we go to the bank and not before... [post 2 of 2]
8-5-2019 Newshound/Intel Guru Mnt Goat "CBI SETS THE CRITERIA FOR THE REJECTION OF BANKNOTES OF THE DOLLAR AND THE EURO" ...so this article may not seem so important. But why are they now establishing such criteria and outlining this to the banks now? Remember this is for collection of the Us dollar and the Euro not the dinar. So if the dinar is reinstated and it is higher than the USD and the Euro won’t citizens want to bring these foreign currencies to the bank and exchange them (to get rid of them)? [post 1 of 2....stay tuned]
8-5-2019 Intel Guru Eagleone2025 [via PDK] ...AS I SAID IN MAY THERE WOULD BE THREE MAJOR WINDOWS I TOLD SEVERAL PEOPLE THOSE WINDOWS. I ALSO SAID THERE WOULD BE A CHANCE IN SOME OF THE OTHER SMALL WINDOWS. EARLY IN THE YEAR I TALKED ABOUT SOME SERIOUS EVENTS WOULD TAKE PLACE. I TALKED ABOUT SEE YOU IN SEPT - OCT. AND OVER THE 60 DAYS THERE WOULD BE SERIOUS EVENTS. ...AS I SAID I HOPE I AM WRONG ABOUT TIME FRAME. I HOPE WE ARE IN THE BANKS SOON.
8-5-2019 Newshound/Intel Guru Dinar Investor - Jeff Delete the zeros can mean one of two things...It's based on a country's economy and where their economy and where their inflation is at...some countries...had a poor economy with high inflation. So what they would do is replace larger notes with smaller notes and they don't change the rate. What they've essentially done is devalue the currency that eases inflation. That's one scenario. Second Scenario which is what the Iraq Central Bank has told us they're gonna do... [post 1 of 2....stay tuned]
8-5-2019 Intel Guru MarkZ [via PDK] I have talked to a number of contacts there and Iraq is beyond ready to go...they are telling us every day they are ready to go…they are waiting on the rest of the world and desperately hope we hurry up because we are affecting their stability as a nation. [Does anything else need to be accomplished?] IMO they just need to say “go” and we are done. [...do you think today is the day?] It could be... I think they are setting the stage for it. My military sources are still saying anytime before Aug. 15th and banking contacts are saying it should be right now.
8-5-2019 Newshound/Intel Guru Mnt Goat Many of these stashes of currencies have been hidden for a very long time and are damaged and so the banks must have some standard to reject them. They will be turning them into the CBI and so they must follow the CBI. Folks this is a small indication but an important one that Iraq is getting ready to end the currency auctions and when they do we know they must use the Iraqi dinar for trade. When they do this they must raise the value and complete the project to delete the zeros. This is when we go to the bank and not before... [post 2 of 2]
8-5-2019 Newshound/Intel Guru Mnt Goat "CBI SETS THE CRITERIA FOR THE REJECTION OF BANKNOTES OF THE DOLLAR AND THE EURO" ...so this article may not seem so important. But why are they now establishing such criteria and outlining this to the banks now? Remember this is for collection of the Us dollar and the Euro not the dinar. So if the dinar is reinstated and it is higher than the USD and the Euro won’t citizens want to bring these foreign currencies to the bank and exchange them (to get rid of them)? [post 1 of 2....stay tuned]
8-4-2019 Newshound Guru Kaperoni ...people...won't take the time to read what MCP is. ...MCP has nothing to do with multiple currencies. It has to do with selling rates for spot exchange transactions between the member’s currency and any other member’s currency such as dinar/dollar. And it must not deviate by more than 2 percent between buying and selling rates...understand the terms of the IMF.
8-4-2019 Intel Guru Frank26 ...About 2 weeks ago the IMF came out and told the whole world that Iraq is Article VIII and the only way they can be Article VIII is if they lifted the value of their currency because it's one of the mandates of the IMF. We believe that they lifted the 3 zeroes electronically. The theme of "international" is everywhere...ever since the IMF said they are Article VIII...Why don't they tell us? Ever since that time, IMO, the CBI has been coming out almost daily defining that they are Article VIII & if it isn't the CBI it's somebody else...everybody knows...
8-4-2019 Newshound Guru Kaperoni ...about Article VIII. If and when Iraq is ready, the IMF will hold a meeting and a press release will come. They are not in Article VIII right now...
8-4-2019 Newshound Guru MilitiaMan So with distribution having begun per what the opinion piece suggests, then, there is no way this is going out to October nor is it waiting on Trump, Iran, China, or anyone else for that matter, except the CBI with Alak still at the helm. imo...As the FML and amended FML for 2019, is in place (imo) with the mechanisms established on time with a fully operational GOI and within there time line, as of today. imo. Add in the IMF lifted all exchange restrictions on Iraq back on the 25th real close. So, let that all sink in and keep us grounded. And, lets not forget that International Visa and Master Cards were being issued. Not for a program rate either!! We await the live mechanisms now... [post 2 of 2]
8-4-2019 Newshound Guru MilitiaMan Article: "Economy of Iraq .. and Abdul Mahdi" Quote: "It seems that Mr. Adel Abdul Mahdi's plan is to pump money into the market and increase the purchasing power of the individual..." The wealth distribution mentioned in this article is off the charts if the case in point is credible. It is suggesting they are to be (or are now) pumping money into the markets to increase purchasing power. Well pumping money into the markets if at a program rate would not be increasing value. In fact that would be the exact opposite, as it would be dilution of the money supply, having a negative effect on value. Thus, where we are at this stage would suggest they are pumping the new small category notes in to the market to add value or at least to the banks, as we have learned from Frank [Guru Frank26] that the new ATM machines will have new software to handle the new small category notes, gold, coins, even other currencies to do just that. That is to add value! [post 1 of 2...stay tuned]
8-4-2019 Newshound/Intel Guru RVAlready ...my bank is not open on weekends. I suspect rates may change on Sunday, but first appointments may not happen until Monday morning.
8-4-2019 Newshound Guru Adam Montana ... now is probably a good time to throw out a couple friendly Public Service Announcements... my friends, be SAFE and SMART when this happens! 1. Don't hand your currencies to anyone outside of a financial institution or maybe a currency exchange! (Regarding currency exchanges, there's almost 0 chance you'll get the "best" rate there.) 2. NOBODY IS CASHING IN EARLY! 3. You WILL pay taxes... or face the consequences. [check with your tax professional at the proper time] 4. The initial rate *may* be the best we will get... or it may be wise to hold out for a subsequent raise. ...be sure to keep a cool head when this goes down.
8-4-2019 Intel Guru Frank26 ...About 2 weeks ago the IMF came out and told the whole world that Iraq is Article VIII and the only way they can be Article VIII is if they lifted the value of their currency because it's one of the mandates of the IMF. We believe that they lifted the 3 zeroes electronically. The theme of "international" is everywhere...ever since the IMF said they are Article VIII...Why don't they tell us? Ever since that time, IMO, the CBI has been coming out almost daily defining that they are Article VIII & if it isn't the CBI it's somebody else...everybody knows...
8-4-2019 Newshound Guru Kaperoni ...about Article VIII. If and when Iraq is ready, the IMF will hold a meeting and a press release will come. They are not in Article VIII right now...
8-4-2019 Newshound Guru MilitiaMan So with distribution having begun per what the opinion piece suggests, then, there is no way this is going out to October nor is it waiting on Trump, Iran, China, or anyone else for that matter, except the CBI with Alak still at the helm. imo...As the FML and amended FML for 2019, is in place (imo) with the mechanisms established on time with a fully operational GOI and within there time line, as of today. imo. Add in the IMF lifted all exchange restrictions on Iraq back on the 25th real close. So, let that all sink in and keep us grounded. And, lets not forget that International Visa and Master Cards were being issued. Not for a program rate either!! We await the live mechanisms now... [post 2 of 2]
8-4-2019 Newshound Guru MilitiaMan Article: "Economy of Iraq .. and Abdul Mahdi" Quote: "It seems that Mr. Adel Abdul Mahdi's plan is to pump money into the market and increase the purchasing power of the individual..." The wealth distribution mentioned in this article is off the charts if the case in point is credible. It is suggesting they are to be (or are now) pumping money into the markets to increase purchasing power. Well pumping money into the markets if at a program rate would not be increasing value. In fact that would be the exact opposite, as it would be dilution of the money supply, having a negative effect on value. Thus, where we are at this stage would suggest they are pumping the new small category notes in to the market to add value or at least to the banks, as we have learned from Frank [Guru Frank26] that the new ATM machines will have new software to handle the new small category notes, gold, coins, even other currencies to do just that. That is to add value! [post 1 of 2...stay tuned]
8-4-2019 Newshound/Intel Guru RVAlready ...my bank is not open on weekends. I suspect rates may change on Sunday, but first appointments may not happen until Monday morning.
8-4-2019 Newshound Guru Adam Montana ... now is probably a good time to throw out a couple friendly Public Service Announcements... my friends, be SAFE and SMART when this happens! 1. Don't hand your currencies to anyone outside of a financial institution or maybe a currency exchange! (Regarding currency exchanges, there's almost 0 chance you'll get the "best" rate there.) 2. NOBODY IS CASHING IN EARLY! 3. You WILL pay taxes... or face the consequences. [check with your tax professional at the proper time] 4. The initial rate *may* be the best we will get... or it may be wise to hold out for a subsequent raise. ...be sure to keep a cool head when this goes down.
8-3-2019 Newshound/Intel Guru Dinar Investor - Jeff We have seen more articles...since the beginning of July putting emphasis on both Article 140 and the HCL. This is huge. Both of these items have to do with post rate change...both of these steps cannot take place physically until after the rate has changed meaning they can only happen at the very end...they are literally waiting on the rate change. ...We are looking amazing...we have to let this play out...IMO. The end of September is my personal window for this and you can see the facts are walking you into that period. [post 3 of 3]
8-3-2019 Newshound/Intel Guru Dinar Investor - Jeff We learned that Iraq is under Art. VIII guidelines. They are not Article VIII. Iraq cannot become Art. VIII until they change the value or rate of their currency and make their currency internationally recognized...that's what they are waiting on to become Article VIII. They are only under Article VIII guidelines and policies. ...They have told us at the beginning of this year that the HCL and Article 140 contained monies inside the 2019 budget...that's fact...and recently released another article telling you... [post 2 of 3....stay tuned]
8-3-2019 Newshound/Intel Guru Dinar Investor - Jeff What's taking so long...why are we waiting? Since the beginning of the year I said we are waiting on the formation of the government...that's because the Central Bank directly has told us that they delayed this entire thing because Iraq must have political stability...Now you see at the beginning of July they shifted gears and started going after corruption...so we are waiting for the corruption to be cleaned up and there's a lot of current government proxy positions that end at the end of September...we are waiting for those to be removed as well. [post 1 of 3....stay tuned]
8-3-2019 Newshound Guru Kaperoni MCP or multiple currency practice is deceiving in its words. It has to do with the price of goods. And in this case with Iraq, its about maintaining an exchange rate between the Official Rate and Market Rate that does not deviate by more than 2%...It has nothing to do with using one currency. Both the dollar and dinar will be in Iraq forever due to sale of oil.
8-3-2019 Newshound Guru Breitling Question "There appears there will be a new governor of the CBI. Is that good, bad or indifferent?" It is indifferent. Remember it is parliament. Parliament has the Ministry of Planning and then they have the Minister of Finance and then...the CBI manages it...The governor of Iraq [CBI?} doesn't have their own agenda...they're managers...They're independent but they're managers and they're given orders and that's it. It's indifferent. The agenda came from parliament. Went to the Ministry of Planning and went to the Ministry of Finance and then goes up to the CBI. So that hasn't changed. People don't realize with the different factions they have in Iraq they all agreed they want to change the value of their currency...none of that has ever changed.
8-3-2019 Intel Guru Frank26 I am encouraged about what the Central Bank and the GOI is doing to let everybody know that they are article VIII...that they are of international standards...it's a massive campaign...and now the commercials and the billboards are all over the place...The Central Bank of Iraq, The Trade Bank and the Government of Iraq are telling the people get in there [banks] and they're using the tactic of loans to open accounts. That will become extremely important in the reinstatement of the Iraqi dinar...
8-3-2019 Intel Guru RayRen98 US Banks have been in meetings throughout the day, interest and excitement is at an all-time "high". New rates are showing...Dinar - $3.91...Dong - $2.27... They say the rates are very "subject-to-change" and to make your appointment in a timely manner. The Iraqi banks open at 1:00 AM, Eastern, rate changes are expected, but not guaranteed. Stay COOL, CALM and COLLECTED.
8-3-2019 Newshound/Intel Guru Dinar Investor - Jeff We learned that Iraq is under Art. VIII guidelines. They are not Article VIII. Iraq cannot become Art. VIII until they change the value or rate of their currency and make their currency internationally recognized...that's what they are waiting on to become Article VIII. They are only under Article VIII guidelines and policies. ...They have told us at the beginning of this year that the HCL and Article 140 contained monies inside the 2019 budget...that's fact...and recently released another article telling you... [post 2 of 3....stay tuned]
8-3-2019 Newshound/Intel Guru Dinar Investor - Jeff What's taking so long...why are we waiting? Since the beginning of the year I said we are waiting on the formation of the government...that's because the Central Bank directly has told us that they delayed this entire thing because Iraq must have political stability...Now you see at the beginning of July they shifted gears and started going after corruption...so we are waiting for the corruption to be cleaned up and there's a lot of current government proxy positions that end at the end of September...we are waiting for those to be removed as well. [post 1 of 3....stay tuned]
8-3-2019 Newshound Guru Kaperoni MCP or multiple currency practice is deceiving in its words. It has to do with the price of goods. And in this case with Iraq, its about maintaining an exchange rate between the Official Rate and Market Rate that does not deviate by more than 2%...It has nothing to do with using one currency. Both the dollar and dinar will be in Iraq forever due to sale of oil.
8-3-2019 Newshound Guru Breitling Question "There appears there will be a new governor of the CBI. Is that good, bad or indifferent?" It is indifferent. Remember it is parliament. Parliament has the Ministry of Planning and then they have the Minister of Finance and then...the CBI manages it...The governor of Iraq [CBI?} doesn't have their own agenda...they're managers...They're independent but they're managers and they're given orders and that's it. It's indifferent. The agenda came from parliament. Went to the Ministry of Planning and went to the Ministry of Finance and then goes up to the CBI. So that hasn't changed. People don't realize with the different factions they have in Iraq they all agreed they want to change the value of their currency...none of that has ever changed.
8-3-2019 Intel Guru Frank26 I am encouraged about what the Central Bank and the GOI is doing to let everybody know that they are article VIII...that they are of international standards...it's a massive campaign...and now the commercials and the billboards are all over the place...The Central Bank of Iraq, The Trade Bank and the Government of Iraq are telling the people get in there [banks] and they're using the tactic of loans to open accounts. That will become extremely important in the reinstatement of the Iraqi dinar...
8-3-2019 Intel Guru RayRen98 US Banks have been in meetings throughout the day, interest and excitement is at an all-time "high". New rates are showing...Dinar - $3.91...Dong - $2.27... They say the rates are very "subject-to-change" and to make your appointment in a timely manner. The Iraqi banks open at 1:00 AM, Eastern, rate changes are expected, but not guaranteed. Stay COOL, CALM and COLLECTED.
8-2-2019 Newshound Guru chattels Article "The central bank sells more than $ 229 million at a currency auction Thursday 01 August"...Contrary to [Guru]...Breitling, the auction(s) in Iraq have actually been a bit " higher " in volume...
8-2-2019 Newshound/Intel Guru Dinar Investor - Jeff ...The #1 thing we are waiting on is for them to have a completed government...that's political stability...So that's part of the 10-1, Q4 [Oct. 1 st, Fourth Quarter]...the amended 2019 budget starting 10-1, Q4, they have a new CBI governor to start on 10-1, Q4, they also have a new software stock trading platform that gets implemented on 10-1... So here's the part that's my opinion: I just rattled off a bunch of stuff pointing to 10-1 and we know we're waiting for the formation of the completed government..they most likely will finish the formation of the government during the second half of September. IMO, I strongly feel that they are going to change the rate and the end of September, probably the weekend of September 21, 22 because I fee they have to walk into 10-1, Q4 with a brand new rate in hand... [Post 3 of 3]
8-2-2019 Newshound/Intel Guru Dinar Investor - Jeff ...since the beginning of July you have seen tons of articles about Article 140 & the HCL... All of that is post rate change & cannot be implemented or added to the constitution until the very end until they are ready to change the rate. That's why you are seeing it now. So roughly 2 weeks ago the Kurds came to Baghdad & they heavily discussed the Oil & Gas Law and Article 140...What I am trying to stress is that for the Kurds to come and discuss the HCL and Article 140 that can only take place at the end because they can't amend it, add it to the constitution or implement it until after the rate has changed...they have to save those items until the very end & it started at the beginning of July. So now you are seeing them set the stage for the citizens... [post 2 of 3....stay tuned]
8-2-2019 Newshound/Intel Guru Dinar Investor - Jeff The intel I'm going to share is probably just about 100% accurate...It's going to paint a pretty good picture of where we stand... Everything that gives the citizens an improved better life is inside the 2019 budget suggesting that the rate was going to change this year in 2019 budget because they allocated money for it inside the 2019 budget. Iraq has been setting the stage for the rate change this entire year. Setting the stage has to happen in 2 layers. They have to have to set the stage for the country for the rate change & then they have to set the stage for the citizens for the rate change... What we saw they they were setting the stage for the country during the 1st 6 months... [post 1 of 3....stay tuned]
8-2-2019 Newshound Guru G-Lin What I do know is the IMF pounced pretty hard on Iraq in this latest consultation. The corruption must be dealt with and the unrest with the Iran situation is worrisome to say the least. IMF has a hard time auditing the banks when they do not receive data. Auctions are huge again the last few days. Corruption galore. Most of that is from Iran. It will continue as long as they are financially crippled. They will manage to get their $'s. ...I think the majority have returned. Ali Abdul Amir Allawi was mentioned as new CBI director but nothing official yet. [post 2 of 2]
8-2-2019 Newshound Guru G-Lin Well it is clear that a general census will need to be conducted and a permanent constitution must be ratified. I have always felt that the census needed to be in place in order for Art. 140 and the HCL to be activated...We have all been told by our dinarland colleagues over the last 10 or 15 years of this investment that there will be no increase in value of the dinar until Art. 140 and HCL are in place. I'm really not so sure of that opinion. It seems that they would need a strong and stable economic system to be able to apply needed monetary structures involved with Art. 140 and HCL. I don't know. [post 1 of 2....stay tuned]
8-2-2019 Intel Guru MarkZ ...we should get 800 numbers over the weekend. I don’t expect to see them until Sunday though…the info is solid and even though it feels like the can was kicked...I believe we are there. I personally think the delays are just logistic at this point. [What are your redemption center people saying?] They were scheduled to work today...they did not know about the weekend yet when I spoke with them yesterday. Its now been 3 days since I havnt been able to reach my contact in Iraq...this is unusual. Last I heard was the street rate was going to be $3.91. Remember Kuwait went 10 days before the world knew they had RV’d.
8-2-2019 Newshound Guru Breitling Question - "I understand Iraq slowed the currency auctions down does that effect their currency in any way and put pressure on the revalue?" Absolutely it does. And I don't think it's a coincidence that they've slowed the auctions down. They've shrunk their money supply...people are having problems buying currency in the United States. You can't get it. I know there's the hype and all of that too but people don't realize that Iraq is short in their currency. They probably have a little bit more to go. I really don't know because it's changed so much...
8-2-2019 Newshound Guru Adam Montana There's a lot of talk right now from the gurusphere... Article IV of the IMF, Article 140 with Iraq, HCL, Article VIII...The interesting thing about all this new Guru stuff out there? They are actually on the right path, for once... The IMF, GOI, and a few other sources are putting out some VERY high profile talk right now, and it's too hot to ignore. We all know I can't predict the date or the rate, so I won't try... but I'll say this again: It's too hot to ignore right now. I am REALLY looking forward to some further developments on the latest, because I can't remember the last time we had THIS much good stuff brewing all at the same time.
8-2-2019 Newshound/Intel Guru Dinar Investor - Jeff ...The #1 thing we are waiting on is for them to have a completed government...that's political stability...So that's part of the 10-1, Q4 [Oct. 1 st, Fourth Quarter]...the amended 2019 budget starting 10-1, Q4, they have a new CBI governor to start on 10-1, Q4, they also have a new software stock trading platform that gets implemented on 10-1... So here's the part that's my opinion: I just rattled off a bunch of stuff pointing to 10-1 and we know we're waiting for the formation of the completed government..they most likely will finish the formation of the government during the second half of September. IMO, I strongly feel that they are going to change the rate and the end of September, probably the weekend of September 21, 22 because I fee they have to walk into 10-1, Q4 with a brand new rate in hand... [Post 3 of 3]
8-2-2019 Newshound/Intel Guru Dinar Investor - Jeff ...since the beginning of July you have seen tons of articles about Article 140 & the HCL... All of that is post rate change & cannot be implemented or added to the constitution until the very end until they are ready to change the rate. That's why you are seeing it now. So roughly 2 weeks ago the Kurds came to Baghdad & they heavily discussed the Oil & Gas Law and Article 140...What I am trying to stress is that for the Kurds to come and discuss the HCL and Article 140 that can only take place at the end because they can't amend it, add it to the constitution or implement it until after the rate has changed...they have to save those items until the very end & it started at the beginning of July. So now you are seeing them set the stage for the citizens... [post 2 of 3....stay tuned]
8-2-2019 Newshound/Intel Guru Dinar Investor - Jeff The intel I'm going to share is probably just about 100% accurate...It's going to paint a pretty good picture of where we stand... Everything that gives the citizens an improved better life is inside the 2019 budget suggesting that the rate was going to change this year in 2019 budget because they allocated money for it inside the 2019 budget. Iraq has been setting the stage for the rate change this entire year. Setting the stage has to happen in 2 layers. They have to have to set the stage for the country for the rate change & then they have to set the stage for the citizens for the rate change... What we saw they they were setting the stage for the country during the 1st 6 months... [post 1 of 3....stay tuned]
8-2-2019 Newshound Guru G-Lin What I do know is the IMF pounced pretty hard on Iraq in this latest consultation. The corruption must be dealt with and the unrest with the Iran situation is worrisome to say the least. IMF has a hard time auditing the banks when they do not receive data. Auctions are huge again the last few days. Corruption galore. Most of that is from Iran. It will continue as long as they are financially crippled. They will manage to get their $'s. ...I think the majority have returned. Ali Abdul Amir Allawi was mentioned as new CBI director but nothing official yet. [post 2 of 2]
8-2-2019 Newshound Guru G-Lin Well it is clear that a general census will need to be conducted and a permanent constitution must be ratified. I have always felt that the census needed to be in place in order for Art. 140 and the HCL to be activated...We have all been told by our dinarland colleagues over the last 10 or 15 years of this investment that there will be no increase in value of the dinar until Art. 140 and HCL are in place. I'm really not so sure of that opinion. It seems that they would need a strong and stable economic system to be able to apply needed monetary structures involved with Art. 140 and HCL. I don't know. [post 1 of 2....stay tuned]
8-2-2019 Intel Guru MarkZ ...we should get 800 numbers over the weekend. I don’t expect to see them until Sunday though…the info is solid and even though it feels like the can was kicked...I believe we are there. I personally think the delays are just logistic at this point. [What are your redemption center people saying?] They were scheduled to work today...they did not know about the weekend yet when I spoke with them yesterday. Its now been 3 days since I havnt been able to reach my contact in Iraq...this is unusual. Last I heard was the street rate was going to be $3.91. Remember Kuwait went 10 days before the world knew they had RV’d.
8-2-2019 Newshound Guru Breitling Question - "I understand Iraq slowed the currency auctions down does that effect their currency in any way and put pressure on the revalue?" Absolutely it does. And I don't think it's a coincidence that they've slowed the auctions down. They've shrunk their money supply...people are having problems buying currency in the United States. You can't get it. I know there's the hype and all of that too but people don't realize that Iraq is short in their currency. They probably have a little bit more to go. I really don't know because it's changed so much...
8-2-2019 Newshound Guru Adam Montana There's a lot of talk right now from the gurusphere... Article IV of the IMF, Article 140 with Iraq, HCL, Article VIII...The interesting thing about all this new Guru stuff out there? They are actually on the right path, for once... The IMF, GOI, and a few other sources are putting out some VERY high profile talk right now, and it's too hot to ignore. We all know I can't predict the date or the rate, so I won't try... but I'll say this again: It's too hot to ignore right now. I am REALLY looking forward to some further developments on the latest, because I can't remember the last time we had THIS much good stuff brewing all at the same time.
8-1-2019 Newshound Guru Adam Montana [They’ve come a long way since their 1st election in 2005...they still have a long road ahead. Recent developments will help smooth out some of the rougher bumps in the road.] I think thy have a long road ahead BUT that is going to be the case regardless of when they change the value...
8-1-2019 Newshound/Intel Guru Dinar Investor - Jeff ...I've got an article showing...how Iraq has engaged in a Memorandum of Understanding with the U.N. to do the reconstruction in liberated areas...So this is just more proof showing you were at the end of the ride... And remember Art. 140, which...some of it is giving restitution to the Kurdistan people/citizens ...there's money allocated for Art. 140 inside the 2019 budget. That shows you Iraq has full intentions of changing the rate this year, in 2019 not 2020. [post 3 of 3]
8-1-2019 Newshound/Intel Guru Dinar Investor - Jeff ...The reconstruction from the war has been outstanding for over 1 1/2 yrs. ...because they can only use 1 currency to pay for it...the dinar. The reason they have not pushed forward & restarted reconstruction is simply because their currency is not internationally recognized... It's that simple...how can they pay outside contractors...to pay for it? ...They can't. They simply have to wait until it is internationally recognized which means they have to wait until the rate change occurs and their currency becomes internationally recognized. [post 2 of 3....stay tuned]
8-1-2019 Newshound/Intel Guru Dinar Investor - Jeff ...Last weekend you had a chance to see the IMF Article 4 consultation and inside of that it had comments about Iraq transitioning into Art. VIII and showing you how Iraq is currently under Art. VIII rules and guidelines per the IMF ...that's because Iraq's got training wheels on right now transitioning into Art. VIII and they have been at that step for at least a year now. And one of the key things you saw was that Iraq is under a single currency practice, MCP, which means they can only use 1 currency, their native currency, the Iraqi dinar. [post 1 of 3....stay tuned]
8-1-2019 Intel Guru MarkZ At redemption centers my contacts are there and just twiddling their thumbs waiting for us all to exchange. Was unable to get in touch with people in Iraq which is unusual...so unable to find out about rumored new rates at street level there. [I was told 800 numbers after market close tonight.] That makes sense and goes with the intel I was told. [I heard Dong will rv at .42 cents.] I heard anywhere from .42 to $2+.
8-1-2019 Intel Guru Frank26 "International" is a theme that is permeating the air in Iraq. The citizens know. The contractors know. The budget knows... Internationalism is everywhere...the IMF came out and said they are Article VIII...Remember I told you they're overspending and to me it's an example that Iraq knows what they are about to do with their currency...March 20th Article "Parliament Finance Committee is moving in the current legislation session to develop mechanisms to change the monetary policy in the country of Iraq in coordination with the Central Bank of Iraq aimed at raising the dinar exchange rate and maintaining the stability of inflation..." Evidence is everywhere...their goal was [is] to add value...
8-1-2019 Newshound/Intel Guru Mnt Goat Article: "IMF EXECUTIVE BOARD CONCLUDES 2019 ARTICLE IV CONSULTATION WITH IRAQ" this also is WOW news! This consultation was supposed to happen last Sept but was postponed due to not having the government fully in place. So now that we see this article on the results of it, we know that the IMF is satisfied with what government is formed and we can conclude for all practical purposes it is done...This is a very good indicator as to where we are. But is there anything else they need to get done? Also...they project such a high GDP in 2020? How will they accomplish this change in GDP without a real rate of their currency?
8-1-2019 Newshound Guru Breitling ...Trump is bitching about the Federal Reserve. Why? Because all these countries are artificially lowering the value of their currencies so they can compete with one another...Trump is like, 'Hey, we need to do that too or we're going to get hurt here.'...Trump can't get the Federal Reserve to lower the value of the currency [U.S. Dollar]...the idea that the president has control over the currency, well that stops that debate right? He's begging them to lower interest rates. So Trump doesn't have control over our currency of whether it goes up or down he sure as shit doesn't have control of Iraq's currency does he? So that will give you a clue of the reality of it...
8-1-2019 Intel Guru Eagleone2025 [via PDK] There has been a lot of things happening with a lot of military guys and intel from DC and the Whitehouse. I understand that this appears real close. I really hope we are in the banks this week...I did talk with the contacts who had told me to look at Sept and Oct and now it seems that Trump is having meeting the first part of August with both foreign and local reps about the RV. ...if it takes a little longer - don’t get discouraged. It will happen...I really hope the guys who told me that to watch Sept and Oct. are wrong and that we are all in the banks this week...
8-1-2019 Newshound/Intel Guru Dinar Investor - Jeff ...I've got an article showing...how Iraq has engaged in a Memorandum of Understanding with the U.N. to do the reconstruction in liberated areas...So this is just more proof showing you were at the end of the ride... And remember Art. 140, which...some of it is giving restitution to the Kurdistan people/citizens ...there's money allocated for Art. 140 inside the 2019 budget. That shows you Iraq has full intentions of changing the rate this year, in 2019 not 2020. [post 3 of 3]
8-1-2019 Newshound/Intel Guru Dinar Investor - Jeff ...The reconstruction from the war has been outstanding for over 1 1/2 yrs. ...because they can only use 1 currency to pay for it...the dinar. The reason they have not pushed forward & restarted reconstruction is simply because their currency is not internationally recognized... It's that simple...how can they pay outside contractors...to pay for it? ...They can't. They simply have to wait until it is internationally recognized which means they have to wait until the rate change occurs and their currency becomes internationally recognized. [post 2 of 3....stay tuned]
8-1-2019 Newshound/Intel Guru Dinar Investor - Jeff ...Last weekend you had a chance to see the IMF Article 4 consultation and inside of that it had comments about Iraq transitioning into Art. VIII and showing you how Iraq is currently under Art. VIII rules and guidelines per the IMF ...that's because Iraq's got training wheels on right now transitioning into Art. VIII and they have been at that step for at least a year now. And one of the key things you saw was that Iraq is under a single currency practice, MCP, which means they can only use 1 currency, their native currency, the Iraqi dinar. [post 1 of 3....stay tuned]
8-1-2019 Intel Guru MarkZ At redemption centers my contacts are there and just twiddling their thumbs waiting for us all to exchange. Was unable to get in touch with people in Iraq which is unusual...so unable to find out about rumored new rates at street level there. [I was told 800 numbers after market close tonight.] That makes sense and goes with the intel I was told. [I heard Dong will rv at .42 cents.] I heard anywhere from .42 to $2+.
8-1-2019 Intel Guru Frank26 "International" is a theme that is permeating the air in Iraq. The citizens know. The contractors know. The budget knows... Internationalism is everywhere...the IMF came out and said they are Article VIII...Remember I told you they're overspending and to me it's an example that Iraq knows what they are about to do with their currency...March 20th Article "Parliament Finance Committee is moving in the current legislation session to develop mechanisms to change the monetary policy in the country of Iraq in coordination with the Central Bank of Iraq aimed at raising the dinar exchange rate and maintaining the stability of inflation..." Evidence is everywhere...their goal was [is] to add value...
8-1-2019 Newshound/Intel Guru Mnt Goat Article: "IMF EXECUTIVE BOARD CONCLUDES 2019 ARTICLE IV CONSULTATION WITH IRAQ" this also is WOW news! This consultation was supposed to happen last Sept but was postponed due to not having the government fully in place. So now that we see this article on the results of it, we know that the IMF is satisfied with what government is formed and we can conclude for all practical purposes it is done...This is a very good indicator as to where we are. But is there anything else they need to get done? Also...they project such a high GDP in 2020? How will they accomplish this change in GDP without a real rate of their currency?
8-1-2019 Newshound Guru Breitling ...Trump is bitching about the Federal Reserve. Why? Because all these countries are artificially lowering the value of their currencies so they can compete with one another...Trump is like, 'Hey, we need to do that too or we're going to get hurt here.'...Trump can't get the Federal Reserve to lower the value of the currency [U.S. Dollar]...the idea that the president has control over the currency, well that stops that debate right? He's begging them to lower interest rates. So Trump doesn't have control over our currency of whether it goes up or down he sure as shit doesn't have control of Iraq's currency does he? So that will give you a clue of the reality of it...
8-1-2019 Intel Guru Eagleone2025 [via PDK] There has been a lot of things happening with a lot of military guys and intel from DC and the Whitehouse. I understand that this appears real close. I really hope we are in the banks this week...I did talk with the contacts who had told me to look at Sept and Oct and now it seems that Trump is having meeting the first part of August with both foreign and local reps about the RV. ...if it takes a little longer - don’t get discouraged. It will happen...I really hope the guys who told me that to watch Sept and Oct. are wrong and that we are all in the banks this week...
7-31-2019 Intel Guru MarkZ [via PDK] [Iran dropped zeros, guess who next?] Yes that news article out of Iran today…dropping 4 zeros. We are also getting reports out of Iran and Iraq in the last few hours that they both posted new rates...we are trying to get verification on that from those countries...consider this rumor for now. It really does appear that everything is ripping loose right now guys…It should be an action packed next 24 hours...A couple other treasury sources told me that tomorrow was going to be exciting.
7-31-2019 Newshound Guru future Article: "Iran deleted 4 zeros from its currency" i find the timing of them doing this pretty interesting. Ian and Iraq are very close...my thoughts its interesting timing for them to do this now lets hope Iraq does something now Cbi is ready.
7-31-2019 Intel Guru MarkZ [I heard we will have to pay a Capital Gains tax on our investment...any truth to that?] I am still hearing there will be no taxes on our exchange...We will have to wait until we are actually in the banks to know for sure. ...We all need to get professional help on this one.
7-31-2019 Newshound Guru Kaperoni Iran announced today they are changing currencies from the Riyal to the Tuman and deleting 4 zeros. That's a Lop because of failed monetary policy. Iraq is different because monetary policy has been a success in Iraq.
7-31-2019 Newshound Guru future [dosent the government have to fill in the one position for ministry of education before the CBI does something with the currency?] education is not that important for a monetary change thats my opinion...
7-31-2019 Newshound Guru Breitling [Question..."...it would seem Trump will be in office until 2024...how does that effect our situation with the dinar?"] ...The reason why it's a good place for Iraq right now is because what's on the table...Trump's style is that you are not going to sit on the fence. 'Either you pivot toward us or you're not going to participate'...next thing you know...Iraq is not sitting on the fence. They're like 'no, we want to be in the markets.' So things have changed in the Middle East. That's why you saw these laws being passed in Iraq. The Financial Management Bill. Then all of a sudden they're not just throwing out BS article out on the IMF...Iraq Stock Exchange going on the NASDAQ. They're having mega events for it...why? Cause the markets are opening up to them...it's a big deal. And they're very very happy. That's why they're walking around with a little bit more energy. And it's a huge deal for us. They are going to add value to their currency...
7-31-2019 Newshound Guru Vital Brad ...there's certain stipulations that need to be completed for them to reinstate their currency. Information I got here says, 'Iraq continues to avail itself of the transitional arrangements under article 14 section 2 but no longer maintains any exchange restrictions or multiple currency practices subject to Article 14 section 2 and currently maintains one multiple currency practice (MCP) subject to fund approval under article VIII section 3.1.' So Article VIII has stipulated that Iraq can only use one currency, Iraqi dinar. And meeting these requirements allows for the opportunity to change the exchange rate. So some exciting things coming out. There's people out there saying that this thing is months and months away. You and I like to keep a long-term perspective rather than it's next week...but all the things that are happening...these final details are being put into place that can allow for this to happen...
7-31-2019 Intel Guru MarkZ [via PDK] I hear that making the appointment is the important part and we will have weeks to get to the RC’s/banks...I still hear that you will have a redemption center within about 50 miles of you here in the US...they want your exchange to be easy. If you call the 800#, it is my understanding you will get the contract rate and will not have to jump through hoops to get it! I still hear that the street rate in Iraq will be $3.91. Its been pretty consistent this week from all sources that the public should start on Thursday...
7-31-2019 Intel Guru Bruce [via PinkRoses] ...our trigger is the toll-free number. The toll-free numbers are we understand staged and ready to release. We know the Redemption Center staff are primed and ready possibly as early as tomorrow [Wednesday] late morning...All the rates are on the screens. The currencies are fluctuating normally through normal trading. That is what we want to see. ...I just think we are finally there...Security is at a level 5, the highest level. They are ready. We are ready...I believe finally we are there. [post 2 of 2]
7-31-2019 Intel Guru Bruce Now, first of all, we are under the impression everything was to roll today [Tuesday] for us. Then we also heard we were waiting not only for the Dinar to come up which it did...Monday it was up on the screens at the banks. ...Really Iraq has been ready to go for about the last 3 to 4 days now. Totally ready. We can’t really say anything is holding up Iraq...we are seeing...a lot of movement that is taking us to the point where we should see something very soon... [post 1 of 2....stay tuned]
7-31-2019 Intel Guru Frank26 They have talked about the ATMs before on the news...but today this was the first time they went out and they were giving more options on the ATM machines and even said the ratio of ATMs in the country that started back in 2017 that there were 611 ATM machines back then but now they're telling the citizens that there are thousands of these new ATM machines including 356 alone in Baghdad...
7-31-2019 Newshound Guru future Article: "Iran deleted 4 zeros from its currency" i find the timing of them doing this pretty interesting. Ian and Iraq are very close...my thoughts its interesting timing for them to do this now lets hope Iraq does something now Cbi is ready.
7-31-2019 Intel Guru MarkZ [I heard we will have to pay a Capital Gains tax on our investment...any truth to that?] I am still hearing there will be no taxes on our exchange...We will have to wait until we are actually in the banks to know for sure. ...We all need to get professional help on this one.
7-31-2019 Newshound Guru Kaperoni Iran announced today they are changing currencies from the Riyal to the Tuman and deleting 4 zeros. That's a Lop because of failed monetary policy. Iraq is different because monetary policy has been a success in Iraq.
7-31-2019 Newshound Guru future [dosent the government have to fill in the one position for ministry of education before the CBI does something with the currency?] education is not that important for a monetary change thats my opinion...
7-31-2019 Newshound Guru Breitling [Question..."...it would seem Trump will be in office until 2024...how does that effect our situation with the dinar?"] ...The reason why it's a good place for Iraq right now is because what's on the table...Trump's style is that you are not going to sit on the fence. 'Either you pivot toward us or you're not going to participate'...next thing you know...Iraq is not sitting on the fence. They're like 'no, we want to be in the markets.' So things have changed in the Middle East. That's why you saw these laws being passed in Iraq. The Financial Management Bill. Then all of a sudden they're not just throwing out BS article out on the IMF...Iraq Stock Exchange going on the NASDAQ. They're having mega events for it...why? Cause the markets are opening up to them...it's a big deal. And they're very very happy. That's why they're walking around with a little bit more energy. And it's a huge deal for us. They are going to add value to their currency...
7-31-2019 Newshound Guru Vital Brad ...there's certain stipulations that need to be completed for them to reinstate their currency. Information I got here says, 'Iraq continues to avail itself of the transitional arrangements under article 14 section 2 but no longer maintains any exchange restrictions or multiple currency practices subject to Article 14 section 2 and currently maintains one multiple currency practice (MCP) subject to fund approval under article VIII section 3.1.' So Article VIII has stipulated that Iraq can only use one currency, Iraqi dinar. And meeting these requirements allows for the opportunity to change the exchange rate. So some exciting things coming out. There's people out there saying that this thing is months and months away. You and I like to keep a long-term perspective rather than it's next week...but all the things that are happening...these final details are being put into place that can allow for this to happen...
7-31-2019 Intel Guru MarkZ [via PDK] I hear that making the appointment is the important part and we will have weeks to get to the RC’s/banks...I still hear that you will have a redemption center within about 50 miles of you here in the US...they want your exchange to be easy. If you call the 800#, it is my understanding you will get the contract rate and will not have to jump through hoops to get it! I still hear that the street rate in Iraq will be $3.91. Its been pretty consistent this week from all sources that the public should start on Thursday...
7-31-2019 Intel Guru Bruce [via PinkRoses] ...our trigger is the toll-free number. The toll-free numbers are we understand staged and ready to release. We know the Redemption Center staff are primed and ready possibly as early as tomorrow [Wednesday] late morning...All the rates are on the screens. The currencies are fluctuating normally through normal trading. That is what we want to see. ...I just think we are finally there...Security is at a level 5, the highest level. They are ready. We are ready...I believe finally we are there. [post 2 of 2]
7-31-2019 Intel Guru Bruce Now, first of all, we are under the impression everything was to roll today [Tuesday] for us. Then we also heard we were waiting not only for the Dinar to come up which it did...Monday it was up on the screens at the banks. ...Really Iraq has been ready to go for about the last 3 to 4 days now. Totally ready. We can’t really say anything is holding up Iraq...we are seeing...a lot of movement that is taking us to the point where we should see something very soon... [post 1 of 2....stay tuned]
7-31-2019 Intel Guru Frank26 They have talked about the ATMs before on the news...but today this was the first time they went out and they were giving more options on the ATM machines and even said the ratio of ATMs in the country that started back in 2017 that there were 611 ATM machines back then but now they're telling the citizens that there are thousands of these new ATM machines including 356 alone in Baghdad...
7-30-2019 Newshound/Intel Guru Mnt Goat As we exit July, we still do not see any reinstatement of the Iraq currency. But we know it is very close at hand and I believe maybe even being held up for some reason now.
7-30-2019 Newshound Guru Vital Brad ...with the article that came out saying they're ready to implement article 140...They're saying they're ready to pay back citizens. They're ready to pay back for lost property, lost wages, lost opportunity. Where's the money coming from?...definitely want to pay attention to article 140...
7-30-2019 Intel Guru Frank26 They took down the picture of the governor of the Central Bank of Iraq from the CBI today...I have not vetted it yet but it's coming from a source that I trust and respect. So with that in mind I give it to you the CBI is getting ready to make an announcement that they have a new governor. What do you think this new governor is getting ready to make an announcement about? IMO the same damn thing the IMF just told the whole world. Iraq is of international standards and are article VIII... [Post 2 of 2]
7-30-2019 Intel Guru Frank26 Iraqi dinar investment...it's getting more and more interesting every day... we know the IMF came out a few days ago and blatantly put Iraq in the position where they are now internationally recognized cause they are article VIII...Today Mahdi the PM comes out and says Allawi is going to become the new governor of the Central Bank of Iraq...they're preparing themselves to give you an announcement... [Post 1 of 2]
7-30-2019 Newshound/Intel Guru Dinar Investor - Jeff A few weeks ago weeks ago an article came out that said Iraq's 2019 budget had Article 140 monies inside of it. That's their way of telling you they had plans of changing the rate during the year of 2019 because those monies are withing the 2019 budget. This article is important because they are telling you they are strongly ready to implement this. I have been putting emphasis on Q4...10/1 ...walking into Q4 with a new rate in hand. [post 2 of 2]
7-30-2019 Newshound/Intel Guru Dinar Investor - Jeff [new Guru] Iraq just posted a very good...important... article talking about how they are strongly ready to implement Article 140....Many people are saying that we are not close to the RV because Iraq has not implemented Article 140...that is an incorrect statement...The current constitution only goes to Article 139...the constitution will have to be amended to add Article 140 as well as the HCL to it. [post 1 of 2....stay tuned]
7-30-2019 Newshound Guru Kaperoni An article...stated they will have a 72 trillion dinar deficit. In other words they are building about 70 billion USD extra into the budget that is expected to be funded by foreign investment. In order for this to succeed, they must pass the laws needed, and open the banking system (Article VIII) for this to work. There is no alternative. The next 6 months will be fun to watch... [post 2 of 2]
7-30-2019 Newshound Guru Kaperoni Parliament is in the process of preparing the 2020 budget. Described in the media as "the budget will be different directions next year to represent the government's economic openness to investment and increase financial resources alternative to oil" and "indicating that the budget will create a qualitative boom in the Iraqi economy through drastic changes in public expenditure and investment funds and services." Clearly this is important to the transition to a market economy...As well as they are building the expenditure into the budget for 2020. [post 1 of 2....stay tuned]
7-30-2019 Newshound Guru Vital Brad ...with the article that came out saying they're ready to implement article 140...They're saying they're ready to pay back citizens. They're ready to pay back for lost property, lost wages, lost opportunity. Where's the money coming from?...definitely want to pay attention to article 140...
7-30-2019 Intel Guru Frank26 They took down the picture of the governor of the Central Bank of Iraq from the CBI today...I have not vetted it yet but it's coming from a source that I trust and respect. So with that in mind I give it to you the CBI is getting ready to make an announcement that they have a new governor. What do you think this new governor is getting ready to make an announcement about? IMO the same damn thing the IMF just told the whole world. Iraq is of international standards and are article VIII... [Post 2 of 2]
7-30-2019 Intel Guru Frank26 Iraqi dinar investment...it's getting more and more interesting every day... we know the IMF came out a few days ago and blatantly put Iraq in the position where they are now internationally recognized cause they are article VIII...Today Mahdi the PM comes out and says Allawi is going to become the new governor of the Central Bank of Iraq...they're preparing themselves to give you an announcement... [Post 1 of 2]
7-30-2019 Newshound/Intel Guru Dinar Investor - Jeff A few weeks ago weeks ago an article came out that said Iraq's 2019 budget had Article 140 monies inside of it. That's their way of telling you they had plans of changing the rate during the year of 2019 because those monies are withing the 2019 budget. This article is important because they are telling you they are strongly ready to implement this. I have been putting emphasis on Q4...10/1 ...walking into Q4 with a new rate in hand. [post 2 of 2]
7-30-2019 Newshound/Intel Guru Dinar Investor - Jeff [new Guru] Iraq just posted a very good...important... article talking about how they are strongly ready to implement Article 140....Many people are saying that we are not close to the RV because Iraq has not implemented Article 140...that is an incorrect statement...The current constitution only goes to Article 139...the constitution will have to be amended to add Article 140 as well as the HCL to it. [post 1 of 2....stay tuned]
7-30-2019 Newshound Guru Kaperoni An article...stated they will have a 72 trillion dinar deficit. In other words they are building about 70 billion USD extra into the budget that is expected to be funded by foreign investment. In order for this to succeed, they must pass the laws needed, and open the banking system (Article VIII) for this to work. There is no alternative. The next 6 months will be fun to watch... [post 2 of 2]
7-30-2019 Newshound Guru Kaperoni Parliament is in the process of preparing the 2020 budget. Described in the media as "the budget will be different directions next year to represent the government's economic openness to investment and increase financial resources alternative to oil" and "indicating that the budget will create a qualitative boom in the Iraqi economy through drastic changes in public expenditure and investment funds and services." Clearly this is important to the transition to a market economy...As well as they are building the expenditure into the budget for 2020. [post 1 of 2....stay tuned]
7-29-2019 Newshound Guru Kaperoni Article VIII is absolutely necessary to invite investors and capital to Iraq. They will not get much help rebuilding the private sector if they do not do this. Investors want to be able to get their profits out of Iraq and Article VIII is an important step to achieve this.
7-29-2019 Intel Guru MarkZ [Can Iraq go before the rest of the world?] yes- In country...I hear though that because of the Gold Treaty they cannot go international. From Iraq - hearing the street rate will be $3.91 and they expect it to be live this week. The dong I am still expecting a $2 or $2.25...
7-29-2019 Newshound/Intel Guru RVAlready Just like Kuwait, Iraq will deny this is happening until after it happens. Do not expect advance confirmation of anything.
7-29-2019 Newshound Guru Kaperoni The once [one?] restriction appears to be a combination of the CBI requiring participants in the auction to have a bank account, and also the 2% spread. It does say the IMF is monitoring the situation. It does seem to be something that can be resolved fairly quickly if need be and it will be interesting to see what the IMF says in the future on this since the CBI has meet the 2% spread rule for the past 16+ months. [post 2 of 2]
7-29-2019 Newshound Guru Kaperoni There is some confusion about Article XIV and Article VIII. If you go back and look at a few older Article IV Consultations I believe you will find that Iraq has met Article XIV conditions for a while. In order to transition from XIV to VIII you must meet the conditions of the Article prior to moving to it. So in this case the IMF states clearly the CBI has one restriction under Article VIII. Therefore, they need to solve that prior to the IMF giving their blessing for acceptance into Article VIII. [post 1 of 2....stay tuned]
7-29-2019 Newshound Guru EHankins Iraq is article 8... They have practiced it for nearly a year now. there is no fear they just need to speak it into the world...
7-29-2019 Newshound/Intel Guru Frank26 The IMF comes out and kinda suggests that they are Article VIII...they [the CBI and Iraq] have to admit it now. They have to accept the terms of Article VIII and responsibilities of Article VIII...the IMF can not make the announcement...there will be a press conference...from the CBI...
7-29-2019 Intel Guru MarkZ [Can Iraq go before the rest of the world?] yes- In country...I hear though that because of the Gold Treaty they cannot go international. From Iraq - hearing the street rate will be $3.91 and they expect it to be live this week. The dong I am still expecting a $2 or $2.25...
7-29-2019 Newshound/Intel Guru RVAlready Just like Kuwait, Iraq will deny this is happening until after it happens. Do not expect advance confirmation of anything.
7-29-2019 Newshound Guru Kaperoni The once [one?] restriction appears to be a combination of the CBI requiring participants in the auction to have a bank account, and also the 2% spread. It does say the IMF is monitoring the situation. It does seem to be something that can be resolved fairly quickly if need be and it will be interesting to see what the IMF says in the future on this since the CBI has meet the 2% spread rule for the past 16+ months. [post 2 of 2]
7-29-2019 Newshound Guru Kaperoni There is some confusion about Article XIV and Article VIII. If you go back and look at a few older Article IV Consultations I believe you will find that Iraq has met Article XIV conditions for a while. In order to transition from XIV to VIII you must meet the conditions of the Article prior to moving to it. So in this case the IMF states clearly the CBI has one restriction under Article VIII. Therefore, they need to solve that prior to the IMF giving their blessing for acceptance into Article VIII. [post 1 of 2....stay tuned]
7-29-2019 Newshound Guru EHankins Iraq is article 8... They have practiced it for nearly a year now. there is no fear they just need to speak it into the world...
7-29-2019 Newshound/Intel Guru Frank26 The IMF comes out and kinda suggests that they are Article VIII...they [the CBI and Iraq] have to admit it now. They have to accept the terms of Article VIII and responsibilities of Article VIII...the IMF can not make the announcement...there will be a press conference...from the CBI...
7-28-2019 Newshound Guru Whitelions [Reference Guru future post 7-28-2019] ...it has to start now or what they are doing will be for nothing...thats not going to happen...all the work they have put in to where they are now just to stop does that make sense to you?
7-28-2019 Newshound Guru future "Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2 but no longer maintains any exchange restrictions or multiple currency practices..." ...tells us Iraq restrictions have been removed...its time for the transition to article 8...article 14 is no longer needed...lets hope and pray they are confident enough to make that jump sooner rather than later.
7-28-2019 Newshound Guru Whitelions [Allowi was supposed to be PM, back in the day, about 3 PM's ago...guess USA backed Maliki now Allowi is CBI governor? What a circus! Musical chairs...] ...get your head out of the past...yes the US backed the wrong person but 30 years of dictatorship didnt give us much info on who to pick so we took a chance. Now...too much has changed in a very short time and we have to go with what is going on now and now they are ready. ...they have had so bumps and scraps but they are there now...
7-28-2019 Intel Guru Frank26 IMF SAYS IRAQ IS ARTICLE 8... Dont forget they were taken off the stand by agreement! The IMF said they have their multiple currency practice, no longer under restrictions! This is important! Today the IMF told the world "by the way.."... contractors are going ballistic...WS [Guru Walkingstick] TOLD US THEY WERE DOING THIS FOR SOMETIME THAT THEY WERE ARTICLE 8 COMPLIANT, JUST HAVE NOT TOLD US/THE WORLD FORMALLY...THE 3 ZEROS WERE LIFTED ELECTRONICALLY IN JAN... THE IMF TOLD US, NOW WE NEED IRAQ TO TELL US THEY ACCEPTED THESE AGREEMENTS, TO ADD VALUE... THERE IS NO WAITING PERIOD, JUST HAVE TO DO IT...So how long will we have to wait? There is no waiting period - none…The moment they have the strength, will and desire to do it…they will raise the value of their currency...
7-28-2019 Newshound Guru Kaperoni ...Iraq has been clear of restrictions under Article XIV for some time, but still has one restriction under Article VIII they must overcome before they can officially accept Article VIII.
7-28-2019 Newshound Guru future "Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2 but no longer maintains any exchange restrictions or multiple currency practices..." ...tells us Iraq restrictions have been removed...its time for the transition to article 8...article 14 is no longer needed...lets hope and pray they are confident enough to make that jump sooner rather than later.
7-28-2019 Newshound Guru Whitelions [Allowi was supposed to be PM, back in the day, about 3 PM's ago...guess USA backed Maliki now Allowi is CBI governor? What a circus! Musical chairs...] ...get your head out of the past...yes the US backed the wrong person but 30 years of dictatorship didnt give us much info on who to pick so we took a chance. Now...too much has changed in a very short time and we have to go with what is going on now and now they are ready. ...they have had so bumps and scraps but they are there now...
7-28-2019 Intel Guru Frank26 IMF SAYS IRAQ IS ARTICLE 8... Dont forget they were taken off the stand by agreement! The IMF said they have their multiple currency practice, no longer under restrictions! This is important! Today the IMF told the world "by the way.."... contractors are going ballistic...WS [Guru Walkingstick] TOLD US THEY WERE DOING THIS FOR SOMETIME THAT THEY WERE ARTICLE 8 COMPLIANT, JUST HAVE NOT TOLD US/THE WORLD FORMALLY...THE 3 ZEROS WERE LIFTED ELECTRONICALLY IN JAN... THE IMF TOLD US, NOW WE NEED IRAQ TO TELL US THEY ACCEPTED THESE AGREEMENTS, TO ADD VALUE... THERE IS NO WAITING PERIOD, JUST HAVE TO DO IT...So how long will we have to wait? There is no waiting period - none…The moment they have the strength, will and desire to do it…they will raise the value of their currency...
7-28-2019 Newshound Guru Kaperoni ...Iraq has been clear of restrictions under Article XIV for some time, but still has one restriction under Article VIII they must overcome before they can officially accept Article VIII.
7-27-2019 Newshound/Intel Guru Mnt Goat So in comes Mutada Sadr who has had enough of this corruption and wants to end it. He then runs an anti-corruption campaign for elections in 2018 and wins. He makes the PM sign agreements to complete a list of the needed reforms. ...These reforms are all about ending the corruption and getting the currency project to delete the zeros done. So far it has been over a year and so what has happened so far? Not much! [post 2 of 2]
7-27-2019 Newshound/Intel Guru Mnt Goat Article: "REVEALED 17 CORRUPTION SUSPICIONS THAT HAVE PLAGUED IRAQ'S CENTRAL BANK OVER THE PAST YEARS" So ending this issue of corruption is not as simple as some...tell you...they say, just RV, and the auctions go away and the corruption ends. Folks it is not that simple then to get the reinstatement (thus eventually a significant rate change we want) when there are billions being stolen. The longer it goes on the longer it will take to stop it. Remember that Dr Shabibi told us in a news media interview after the fact that the CBI had an “unprecedented opportunity” in 2013 to reinstate the dinar and end all this corruption but the corrupt politicians stopped it and reprevented it. This has been the case ever since... [post 1 of 2....stay tuned]
7-27-2019 Intel Guru Delta FROM IMF REPORT: "Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2 but no longer maintains any exchange restrictions or multiple currency practices subject to Article XIV, Section 2, and currently maintains one multiple currency practice (MCP) subject to Fund approval under Article VIII, Section 3.1" BYE BYE ARTICLE Article XIV ...WELCOME ARTICLE VIII.
7-27-2019 New Newshound Guru Vital Brad Article "The appointment of new governor of the Central Bank and a head of the Financial Control Bureau" Quote "the council decided to recommend to the House of Representatives to appoint [Ali Abdul Amir Allawi] governor of the Central Bank..." On Tuesday they did some voting and Allaq is out of the CBI governor and the new governor actually worked with Dr. Shabibi on the RI plan. So another critical piece has fallen into place. This is some of the best news we've seen in years. If you've been following you understand putting Allawi into place as the governor as much work as he has done with Shabibi in the past is a really big sign that pieces are falling into place and about to happen...
7-27-2019 Newshound/Intel Guru Frank26 ...Turns out the IMF is happy now. They said look you passed the Financial Management Law, go ahead and implement it now. Change your rate. Lift your three zeros. Bring in the new monetary policy. This is very very good...This [IMF] report is exactly what we wanted to see. They didn't tell them you gotta do this. They didn't tell them here's some more money...no Standby [Agreement] by extension...we wanted to share with you what they are slowly releasing...they're transitioning from a 14 to an 8...this is my opinion. Nobody knows the date. Nobody knows the rate...
7-27-2019 Newshound Guru chattels Article: "IMF Executive Board Concludes 2019 Article IV Consultation with Iraq" Nothing we have not heard before in this recent report, IMO. Iraq continues to have substantial shortcomings in various financial arenas. A cautionary tale of real problems and possible betterment. Tune in next year.
7-27-2019 Intel Guru Frank26 IMF / CBI 19th JULY MEETING - This meeting was extremely important...Iraq is about to start the Post Monetary Program. The IMF is extremely pleased with Iraq. Implement the FML now... because the SBA is done.
7-27-2019 Newshound/Intel Guru Mnt Goat Article: "REVEALED 17 CORRUPTION SUSPICIONS THAT HAVE PLAGUED IRAQ'S CENTRAL BANK OVER THE PAST YEARS" So ending this issue of corruption is not as simple as some...tell you...they say, just RV, and the auctions go away and the corruption ends. Folks it is not that simple then to get the reinstatement (thus eventually a significant rate change we want) when there are billions being stolen. The longer it goes on the longer it will take to stop it. Remember that Dr Shabibi told us in a news media interview after the fact that the CBI had an “unprecedented opportunity” in 2013 to reinstate the dinar and end all this corruption but the corrupt politicians stopped it and reprevented it. This has been the case ever since... [post 1 of 2....stay tuned]
7-27-2019 Intel Guru Delta FROM IMF REPORT: "Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2 but no longer maintains any exchange restrictions or multiple currency practices subject to Article XIV, Section 2, and currently maintains one multiple currency practice (MCP) subject to Fund approval under Article VIII, Section 3.1" BYE BYE ARTICLE Article XIV ...WELCOME ARTICLE VIII.
7-27-2019 New Newshound Guru Vital Brad Article "The appointment of new governor of the Central Bank and a head of the Financial Control Bureau" Quote "the council decided to recommend to the House of Representatives to appoint [Ali Abdul Amir Allawi] governor of the Central Bank..." On Tuesday they did some voting and Allaq is out of the CBI governor and the new governor actually worked with Dr. Shabibi on the RI plan. So another critical piece has fallen into place. This is some of the best news we've seen in years. If you've been following you understand putting Allawi into place as the governor as much work as he has done with Shabibi in the past is a really big sign that pieces are falling into place and about to happen...
7-27-2019 Newshound/Intel Guru Frank26 ...Turns out the IMF is happy now. They said look you passed the Financial Management Law, go ahead and implement it now. Change your rate. Lift your three zeros. Bring in the new monetary policy. This is very very good...This [IMF] report is exactly what we wanted to see. They didn't tell them you gotta do this. They didn't tell them here's some more money...no Standby [Agreement] by extension...we wanted to share with you what they are slowly releasing...they're transitioning from a 14 to an 8...this is my opinion. Nobody knows the date. Nobody knows the rate...
7-27-2019 Newshound Guru chattels Article: "IMF Executive Board Concludes 2019 Article IV Consultation with Iraq" Nothing we have not heard before in this recent report, IMO. Iraq continues to have substantial shortcomings in various financial arenas. A cautionary tale of real problems and possible betterment. Tune in next year.
7-27-2019 Intel Guru Frank26 IMF / CBI 19th JULY MEETING - This meeting was extremely important...Iraq is about to start the Post Monetary Program. The IMF is extremely pleased with Iraq. Implement the FML now... because the SBA is done.
7-26-2019 Newshound/Intel Guru Delta NOT OFFICIAL YET....... PARLIAMENT HAVE TO APPROVE HIM [New CBI Governor] FIRST..... ALAQ IS STILL IN UNTIL THEN...
7-26-2019 Guest Guru Michael Cottrell [via PDK] [People want to know if you feel we are close to the reset and the revaluation?] I hadn’t seen any progress in 15 years…since Trump got into office I have seen a tremendous amount of progress…Right now its like a landslide…its been picking up momentum…yes I think we are right on top of it…
7-26-2019 Intel Guru Eagleone2025 [via PDK] EAGLE ONE HAS BEEN FLYING TIME IS NOW AT HAND TUES. WED. ARE BIG DAYS...NEXT WEEK I AM TOLD ALL THINGS ARE STILL ON TRACK DC. CONTACTS THERE HAS BEEN SOME DISRUPTIONS BUT ALL THINGS ARE STILL GO. MILITARY IS ON HIGH ALERT...
7-26-2019 Intel Guru MarkZ [via PDK] I’m almost afraid to get to excited…but I am cautiously optimistic today... In Iraq - No new rate yet on the streets...spoke with 3 contacts...my contractor friend is working on new rates for employees…they expect the new rate this weekend. ...we should get 800 numbers over the weekend...My redemption center contacts are on call for this weekend and definitely working on Monday. Many people have gotten quiet...They are pushing me too...
7-26-2019 Newshound Guru larrykn I understand the corruption in Iraq but I get to wonder if that will really stop them from moving on. They have always been corrupt but they seem to have manage to have their currency out to the world. The one thing that has change this time around is the fact that they have outside investor coming in. This IMO is the game changer and is why they are trying to get a handle on the corruption in Iraq. If they do I see a bright future for them if they don't. We will be sitting here. No one will want to invest in a country that they wouldn't know if their money is safe or not and they can get it out. We will see.
7-26-2019 Intel Guru Bruce [via PinkRoses] ...I believe everything is ready to go from what I heard this afternoon, but I know there has been clean up since Tuesday night and taken care of... Now, I do believe we are very close. Like I said, we thought we would go today [Thursday]. It did not happen... I am hearing the idea of numbers tomorrow [Friday], set appointments and starting Saturday. Do not write off the possibility of something happening tomorrow [Friday] afternoon or tomorrow evening as a Go Time or start...I think from an overall security point of view we are in pretty good shape. ...Now, rates are something we just can’t say now what they are. We just do not know...I am hoping tomorrow [Friday] is a wonderful opportunity for us. At least that is what we are hearing.
7-26-2019 Guest Guru Michael Cottrell [via PDK] [People want to know if you feel we are close to the reset and the revaluation?] I hadn’t seen any progress in 15 years…since Trump got into office I have seen a tremendous amount of progress…Right now its like a landslide…its been picking up momentum…yes I think we are right on top of it…
7-26-2019 Intel Guru Eagleone2025 [via PDK] EAGLE ONE HAS BEEN FLYING TIME IS NOW AT HAND TUES. WED. ARE BIG DAYS...NEXT WEEK I AM TOLD ALL THINGS ARE STILL ON TRACK DC. CONTACTS THERE HAS BEEN SOME DISRUPTIONS BUT ALL THINGS ARE STILL GO. MILITARY IS ON HIGH ALERT...
7-26-2019 Intel Guru MarkZ [via PDK] I’m almost afraid to get to excited…but I am cautiously optimistic today... In Iraq - No new rate yet on the streets...spoke with 3 contacts...my contractor friend is working on new rates for employees…they expect the new rate this weekend. ...we should get 800 numbers over the weekend...My redemption center contacts are on call for this weekend and definitely working on Monday. Many people have gotten quiet...They are pushing me too...
7-26-2019 Newshound Guru larrykn I understand the corruption in Iraq but I get to wonder if that will really stop them from moving on. They have always been corrupt but they seem to have manage to have their currency out to the world. The one thing that has change this time around is the fact that they have outside investor coming in. This IMO is the game changer and is why they are trying to get a handle on the corruption in Iraq. If they do I see a bright future for them if they don't. We will be sitting here. No one will want to invest in a country that they wouldn't know if their money is safe or not and they can get it out. We will see.
7-26-2019 Intel Guru Bruce [via PinkRoses] ...I believe everything is ready to go from what I heard this afternoon, but I know there has been clean up since Tuesday night and taken care of... Now, I do believe we are very close. Like I said, we thought we would go today [Thursday]. It did not happen... I am hearing the idea of numbers tomorrow [Friday], set appointments and starting Saturday. Do not write off the possibility of something happening tomorrow [Friday] afternoon or tomorrow evening as a Go Time or start...I think from an overall security point of view we are in pretty good shape. ...Now, rates are something we just can’t say now what they are. We just do not know...I am hoping tomorrow [Friday] is a wonderful opportunity for us. At least that is what we are hearing.
7-25-2019 Newshound/Intel Guru Mnt Goat The FACT is that parliament is NOT going to let the CBI run itself and function totally independent with all the corruption going on within it. This is a simple FACT...They already passed the “Financial Management Law” and within it makes them able to monitor and tell the CBI what to do. One aspect is first to get rid of the proxy positions within. This is now happening. Then they need to work on ending these currency auctions in a matter of however they do it.
7-25-2019 Intel Guru Delta [Do we need to see the new CBI Governor votes in before the RI?] NO...ALAQ STILL IN CHARGE FOR NOW...
7-25-2019 Intel Guru MarkZ [via PDK] July 25th...would be a great day for an exchange - don’t ya think? I hear a lot of Intel Providers were asked to be quiet this week…I have been under pressure to be quiet… ...We may actually be at the end of our journey...With all the chatter today well may be 800 number day…It very well could be a daytime event today. I really think this weekend is in play ...We have been on edge a long time...but today…I think is a day we should be alert and on edge...I am very excited about what is happening today...
7-25-2019 Newshound Guru Kaperoni This is not speculation. If you go back and look at the last Article IV consultation which might have been in 2016 or 17 they specifically said in there that they should accept article VIII to send a message to the world that Iraq's banking system is open for business...Of course the dinar wasn't in compliance then so they couldn't. The step holding them back was the ability to sustain and manage the currency for 90 days or more and its been 16 17 months now. They have met the criteria. They just need to write the letter...If they want the money and they want the investment. And they want to rebuild they gotta put on the boots and jump across the pond... [Post 2 of 2]
7-25-2019 Newshound Guru Kaperoni [Question: Does the IMF have to invite Iraq into Article VIII or has the invitation been out there since the IMF has been working with Iraq?] ...They are not necessarily "invited" but they are in Article XIV...a developmental put your procedures in place and prove your abilities to manage money and to manage monetary policy. It's at a lesser level than Article VIII...There's no specific time frame but...they're supposed to be 'constantly striving to move into Article VIII'. And they're not going to get the benefits of Article VIII until they do. If they remain in Article XIV the banking system remains closed because it's a risky venture to engage with their banking system. [Post 1 of 2]
7-25-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQ: SIGNING OF A NEW AGREEMENT WITH THE US STOCK EXCHANGE ON THE TECHNOLOGY OF TRADING AND DEPOSIT SECURITIES" If they were not going to relist (reinstate) the Iraqi dinar on FOREX then why ...would they be getting all this Nasdaq technology synced up? Trading the ISX on Nasdaq can not happen without the reinstatement of the dinar on FOREX first. Get it? This is a FACT not my opinion. The placeholder for the IQD is already established on FOREX and we are waiting for the rate to pop in.
7-25-2019 Intel Guru Delta [Do we need to see the new CBI Governor votes in before the RI?] NO...ALAQ STILL IN CHARGE FOR NOW...
7-25-2019 Intel Guru MarkZ [via PDK] July 25th...would be a great day for an exchange - don’t ya think? I hear a lot of Intel Providers were asked to be quiet this week…I have been under pressure to be quiet… ...We may actually be at the end of our journey...With all the chatter today well may be 800 number day…It very well could be a daytime event today. I really think this weekend is in play ...We have been on edge a long time...but today…I think is a day we should be alert and on edge...I am very excited about what is happening today...
7-25-2019 Newshound Guru Kaperoni This is not speculation. If you go back and look at the last Article IV consultation which might have been in 2016 or 17 they specifically said in there that they should accept article VIII to send a message to the world that Iraq's banking system is open for business...Of course the dinar wasn't in compliance then so they couldn't. The step holding them back was the ability to sustain and manage the currency for 90 days or more and its been 16 17 months now. They have met the criteria. They just need to write the letter...If they want the money and they want the investment. And they want to rebuild they gotta put on the boots and jump across the pond... [Post 2 of 2]
7-25-2019 Newshound Guru Kaperoni [Question: Does the IMF have to invite Iraq into Article VIII or has the invitation been out there since the IMF has been working with Iraq?] ...They are not necessarily "invited" but they are in Article XIV...a developmental put your procedures in place and prove your abilities to manage money and to manage monetary policy. It's at a lesser level than Article VIII...There's no specific time frame but...they're supposed to be 'constantly striving to move into Article VIII'. And they're not going to get the benefits of Article VIII until they do. If they remain in Article XIV the banking system remains closed because it's a risky venture to engage with their banking system. [Post 1 of 2]
7-25-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQ: SIGNING OF A NEW AGREEMENT WITH THE US STOCK EXCHANGE ON THE TECHNOLOGY OF TRADING AND DEPOSIT SECURITIES" If they were not going to relist (reinstate) the Iraqi dinar on FOREX then why ...would they be getting all this Nasdaq technology synced up? Trading the ISX on Nasdaq can not happen without the reinstatement of the dinar on FOREX first. Get it? This is a FACT not my opinion. The placeholder for the IQD is already established on FOREX and we are waiting for the rate to pop in.
7-24-2019 Newshound Guru Kaperoni The rate has not moved...its pegged to the dollar. Monitoring any kind of Forex or other service is a waste of time because it's just reflecting the dollar strengthening or weakening...the only official site for the dinar is CBI. IQ. The Official Rate of the Iraqi dinar is 1190 and as I stated it is pegged. The Market Rate or Street Rate is the rate that the dinar is sold in Iraq which is currently around 1205 within the IMF 2% compliance... [Note: You can always see the CBI's latest reported official rate and market rate for the dinar on the left side of this page.]
7-24-2019 Newshound Guru Adam Montana Iraq is currently in the final stages of preparation to return to their previous status in the world. They are not a country that has been in poverty for centuries...they are barely over a decade into their current situation. They have had a short setback in their financial situation, but at their core they are a rich country and this is not a huge mental shift for them to return to prosperity. The budget, in my opinion, is not something that will hold them back. A few strokes of the pen and some clicks of a mouse and the Budget is adjusted... [post 2 of 2]
7-24-2019 Newshound Guru Adam Montana Iraq is currently operating on a budget fit for a pauper, even through by rights Iraq should be one of the wealthiest nations in the world. Iraq has, in the past, operated on budgets and status befitting their actual situation - that situation being one of the wealthiest nations in the world... The People who hold physical Dinar simply benefit by the increase in value, just like we will. A new printed currency comes out within weeks or even days of the rate change, and we're all aware that the new notes are ready to be printed, if not already printed and being held for distribution. [post 1 of 2....stay tuned]
7-24-2019 Intel Guru MarkZ [via PDK] Folks in Zurich are expecting appointments at 4 pm today. My guys in Asia did not get to exchange yet…I spoke to contacts in Hong Kong, Sinapore and China...they are also waiting. My guys at the redemption center are just sitting there twiddling their thumbs…I still believe the hold up is our US treasury…I could be wrong but that is what I believe. I have very good sources in Iraq and in the military and they both say it could happen at any time between now and Mid-August. They are very confident. They must have some intel they have seen that they cannot share with me just yet. Many intel people say this is the week…by Friday…by the 26th.
7-24-2019 Intel Guru Bruce This is only my theory. I believe that some of this flashing of the Dinar is absolutely manipulated. It is not Iraq is not ready. They have been ready. We haven’t been ready for them to go live. The US and in some cases some of the countries aren’t really ready. Now, I think everything is about ready now. My theory is that the Dinar flashing will stop, and the rate will be live and fluctuating when everything else is ready for this to go. ...So, the point is even though the rates are still flashing on the Iraqi Dinar, that could change in an instant. Redemption Center Staff...were on 24 hour call this afternoon [Tuesday]. So, that tells me that they know it is imminent. They know it can go at any moment... [post 2 of 2]
7-24-2019 Intel Guru Bruce What is interesting about Iraq is that the rate would be flashing which means it is not tradable...Then all of a sudden it would not be flashing and we would have fluctuation of the rate...It would come up for 2, 4, or 6 hours and then it would come back to flashing... I am sure they were fluctuating and being traded upward, and they want them to be traded towards the higher end where the Dinar supposed to start. ...We know that the Dinar because it is gold back, it has a good value, and it will have a good value... [post 1 of 2....stay tuned]
7-24-2019 Newshound Guru Kaperoni ...I think it's funny nobody ever knew what Article VIII was until me and [Guru] Enorrste started talking about this seven or eight years ago...What Article VIII is an international standard that the IMF has created...All the central banks around the world try to achieve that level and the way it's worded...'they should constantly be striving to move to Article VIII'. You don't want to sit in Article XIV...
7-24-2019 Newshound/Intel Guru Mnt Goat [reference Mnt Goat post 7-23-2019] This re-rating process has occurred already since 2012 over and over again when the new system was initiated. It should be obvious to everyone that there were still errors/bugs in the algorithms back then that needed fixing. Also another problems was how to represent the Contractor rates separate from the market rates. This too is now all fixed. The rates change because they re-run the application from time to time, just as they will do when it all goes live someday. So right now, it is still in a “BETA Test” mode. They are still flushing out bugs but it is now very stable. [post 1 of 2....stay tuned]
7-24-2019 Newshound Guru Adam Montana Iraq is currently in the final stages of preparation to return to their previous status in the world. They are not a country that has been in poverty for centuries...they are barely over a decade into their current situation. They have had a short setback in their financial situation, but at their core they are a rich country and this is not a huge mental shift for them to return to prosperity. The budget, in my opinion, is not something that will hold them back. A few strokes of the pen and some clicks of a mouse and the Budget is adjusted... [post 2 of 2]
7-24-2019 Newshound Guru Adam Montana Iraq is currently operating on a budget fit for a pauper, even through by rights Iraq should be one of the wealthiest nations in the world. Iraq has, in the past, operated on budgets and status befitting their actual situation - that situation being one of the wealthiest nations in the world... The People who hold physical Dinar simply benefit by the increase in value, just like we will. A new printed currency comes out within weeks or even days of the rate change, and we're all aware that the new notes are ready to be printed, if not already printed and being held for distribution. [post 1 of 2....stay tuned]
7-24-2019 Intel Guru MarkZ [via PDK] Folks in Zurich are expecting appointments at 4 pm today. My guys in Asia did not get to exchange yet…I spoke to contacts in Hong Kong, Sinapore and China...they are also waiting. My guys at the redemption center are just sitting there twiddling their thumbs…I still believe the hold up is our US treasury…I could be wrong but that is what I believe. I have very good sources in Iraq and in the military and they both say it could happen at any time between now and Mid-August. They are very confident. They must have some intel they have seen that they cannot share with me just yet. Many intel people say this is the week…by Friday…by the 26th.
7-24-2019 Intel Guru Bruce This is only my theory. I believe that some of this flashing of the Dinar is absolutely manipulated. It is not Iraq is not ready. They have been ready. We haven’t been ready for them to go live. The US and in some cases some of the countries aren’t really ready. Now, I think everything is about ready now. My theory is that the Dinar flashing will stop, and the rate will be live and fluctuating when everything else is ready for this to go. ...So, the point is even though the rates are still flashing on the Iraqi Dinar, that could change in an instant. Redemption Center Staff...were on 24 hour call this afternoon [Tuesday]. So, that tells me that they know it is imminent. They know it can go at any moment... [post 2 of 2]
7-24-2019 Intel Guru Bruce What is interesting about Iraq is that the rate would be flashing which means it is not tradable...Then all of a sudden it would not be flashing and we would have fluctuation of the rate...It would come up for 2, 4, or 6 hours and then it would come back to flashing... I am sure they were fluctuating and being traded upward, and they want them to be traded towards the higher end where the Dinar supposed to start. ...We know that the Dinar because it is gold back, it has a good value, and it will have a good value... [post 1 of 2....stay tuned]
7-24-2019 Newshound Guru Kaperoni ...I think it's funny nobody ever knew what Article VIII was until me and [Guru] Enorrste started talking about this seven or eight years ago...What Article VIII is an international standard that the IMF has created...All the central banks around the world try to achieve that level and the way it's worded...'they should constantly be striving to move to Article VIII'. You don't want to sit in Article XIV...
7-24-2019 Newshound/Intel Guru Mnt Goat [reference Mnt Goat post 7-23-2019] This re-rating process has occurred already since 2012 over and over again when the new system was initiated. It should be obvious to everyone that there were still errors/bugs in the algorithms back then that needed fixing. Also another problems was how to represent the Contractor rates separate from the market rates. This too is now all fixed. The rates change because they re-run the application from time to time, just as they will do when it all goes live someday. So right now, it is still in a “BETA Test” mode. They are still flushing out bugs but it is now very stable. [post 1 of 2....stay tuned]
7-23-2019 Intel/Newshound Guru sandyf For all the talk of economic growth and currency value, I find it very sobering that one(1) Chinese Yuan equals 0.15 United States Dollar. You should bear in mind a rate on its own does not mean a great deal. Denmark is about the same value as China and Norway/Sweden somewhat less. The Saudi Riyal is about 26 cents yet the Kuwait Dinar is 3.28 dollars.
7-23-2019 Newshound/Intel Guru Mnt Goat What will the actual rate be then when it goes live? The rate will be the rate at the time they trigger the reinstatement. It is as simple as that. They will simply run the algorithms again and the system will determine the new rate. This rate will be brought forward to FOREX and the rates at the bank will come LIVE. So the rate will be whatever the system happens to generate at that time. [post 2 of 2]
7-23-2019 Newshound/Intel Guru Mnt Goat From everything I know and have been told as FACTUAL this...The de-facto peg will go away. The currency auctions as we know them today will end. The dinar will then be pegged to an IMF SDR basket of currencies and be rated based on the values of these five currencies along with the assets of Iraq. This process is already underway today and has been ongoing since 2012. So this is FACT not OPINION! ...Then this new rate ($3.00 - $4.00+) will be reinstated on FOREX for trading. We are already seeing the new rate coming up on bank screens under HOLD subject to becoming LIVE. The rate has fluctuated anywhere from $3.20 upwards to $4.25. So again this process is already underway. [post 1 of 2....stay tuned]
7-23-2019 Intel Guru MarkZ [via PDK] We are hearing from Asia they are pulling people in and preparing for it to go. Military sources and Iraqi sources say its anytime between now and mid August...they feel this is it now and is going to be finished this time. I personally do not think we will be waiting 3 more weeks...not with all the positive chatter from everyone involved. [So they are being KAWAITED !! They did that then...and when they said that they released the RV the next day!!] Yes when Kuwait was revalued…they took out a big ad saying they were not going to RV…then they did it that afternoon...big fake out. My Iraqi contractor friend is excited as he has been asked to compute new rates for his employees. They think the new rate is very close. At redemption centers they are working today and have been asked to cancel their vacations for the near future...this is good news for us.
7-23-2019 Newshound Guru Kaperoni ...This [International Monetary Fund] article IV consultation that took place just a couple of months ago is being created now and printed. My understanding is it said July in the press release. This is a significant item for us to review because what is it going to say? Is it going to encourage them to move to Article VIII and open up for business? Or is it going to say something we don't want to read? We won't know until we read it. You wouldn't have all these activities happening in Iraq if the financial system needed the brakes to be put on...We said a year and a half ago they are never going to go into Article VIII until they are in 2% compliance...nothing ever happened because they weren't in compliance...[They are now in compliance]...
7-23-2019 Newshound/Intel Guru Mnt Goat What will the actual rate be then when it goes live? The rate will be the rate at the time they trigger the reinstatement. It is as simple as that. They will simply run the algorithms again and the system will determine the new rate. This rate will be brought forward to FOREX and the rates at the bank will come LIVE. So the rate will be whatever the system happens to generate at that time. [post 2 of 2]
7-23-2019 Newshound/Intel Guru Mnt Goat From everything I know and have been told as FACTUAL this...The de-facto peg will go away. The currency auctions as we know them today will end. The dinar will then be pegged to an IMF SDR basket of currencies and be rated based on the values of these five currencies along with the assets of Iraq. This process is already underway today and has been ongoing since 2012. So this is FACT not OPINION! ...Then this new rate ($3.00 - $4.00+) will be reinstated on FOREX for trading. We are already seeing the new rate coming up on bank screens under HOLD subject to becoming LIVE. The rate has fluctuated anywhere from $3.20 upwards to $4.25. So again this process is already underway. [post 1 of 2....stay tuned]
7-23-2019 Intel Guru MarkZ [via PDK] We are hearing from Asia they are pulling people in and preparing for it to go. Military sources and Iraqi sources say its anytime between now and mid August...they feel this is it now and is going to be finished this time. I personally do not think we will be waiting 3 more weeks...not with all the positive chatter from everyone involved. [So they are being KAWAITED !! They did that then...and when they said that they released the RV the next day!!] Yes when Kuwait was revalued…they took out a big ad saying they were not going to RV…then they did it that afternoon...big fake out. My Iraqi contractor friend is excited as he has been asked to compute new rates for his employees. They think the new rate is very close. At redemption centers they are working today and have been asked to cancel their vacations for the near future...this is good news for us.
7-23-2019 Newshound Guru Kaperoni ...This [International Monetary Fund] article IV consultation that took place just a couple of months ago is being created now and printed. My understanding is it said July in the press release. This is a significant item for us to review because what is it going to say? Is it going to encourage them to move to Article VIII and open up for business? Or is it going to say something we don't want to read? We won't know until we read it. You wouldn't have all these activities happening in Iraq if the financial system needed the brakes to be put on...We said a year and a half ago they are never going to go into Article VIII until they are in 2% compliance...nothing ever happened because they weren't in compliance...[They are now in compliance]...
7-22-2019 Intel Guru RayRen98 We have been waiting to get some updates about the banking situation. I was told the 800# could come at any minute last night. Everyone is in position. I will let you know if I get the update...
7-22-2019 Intel/Newshound Guru sandyf ...no chatter on that imf consultation that happened the other day...The Art 4 consultation was held in May and the report has to be approved by the board before being published. It is due to be published in July but not as yet. Rest assured that when it is published there will be significant chatter.
7-22-2019 Newshound Guru Enorrste Question: ...do you think this float may cause a meteoric rise in the value...it's going to skyrocket in value quickly...? ...The CBI has very cautiously moved step-by-step to get every single thing they can think of in place. When they pull that trigger they are going to have controls just like they've put controls for the last three or four years. They are going to have controls that will allow them to control the rise of the float. What they don't want is meteoric. It will be too scary for them. They have to control it...I do think it's going to go quickly. I think within 3 years we'll see $3.00. That's my own personal opinion...but I do think they're not stupid and if it starts to be crazy they are to put a ratchet in there...
7-22-2019 Intel Guru Markz Little or no news today……people have gotten very quiet…scary quiet…Dead quiet……I think quiet could be good. The folks in Zurich are still being told that funding is tomorrow. One is a historic bond and the other was a currency exchange …so that still looks like it’s a “go”. No new rate in Iraq yet…We are still hearing exchanges start tomorrow so we should see something today. Question: Any news on whether Trump signed the RV paperwork yet? I heard Trump received the paperwork this weekend…..i do not know if it was signed or not…..wish I did …like I said everyone I talk to has gotten very quiet…but he supposedly has it in his possession as of this weekend...
7-22-2019 Newshound Guru Kaperoni Question: ...We would get people who would ask us about cashing out and what the next stage is and what should we do? We don't speculate on that...but what I can tell you is we are not going to abandon ship when and if the dinar starts to go up in value and a mechanism is in place for people to cash out or deposit their dinars into an account...it will occur and be news to all of us and we'll all learn together. You're not going to have to get up at 6am and go stand in line at a bank. It's not gonna happen like that. We'll all learn together. Just like in the past when we talked about this investment we'll present whatever information that comes forward...
7-22-2019 Intel/Newshound Guru sandyf ...no chatter on that imf consultation that happened the other day...The Art 4 consultation was held in May and the report has to be approved by the board before being published. It is due to be published in July but not as yet. Rest assured that when it is published there will be significant chatter.
7-22-2019 Newshound Guru Enorrste Question: ...do you think this float may cause a meteoric rise in the value...it's going to skyrocket in value quickly...? ...The CBI has very cautiously moved step-by-step to get every single thing they can think of in place. When they pull that trigger they are going to have controls just like they've put controls for the last three or four years. They are going to have controls that will allow them to control the rise of the float. What they don't want is meteoric. It will be too scary for them. They have to control it...I do think it's going to go quickly. I think within 3 years we'll see $3.00. That's my own personal opinion...but I do think they're not stupid and if it starts to be crazy they are to put a ratchet in there...
7-22-2019 Intel Guru Markz Little or no news today……people have gotten very quiet…scary quiet…Dead quiet……I think quiet could be good. The folks in Zurich are still being told that funding is tomorrow. One is a historic bond and the other was a currency exchange …so that still looks like it’s a “go”. No new rate in Iraq yet…We are still hearing exchanges start tomorrow so we should see something today. Question: Any news on whether Trump signed the RV paperwork yet? I heard Trump received the paperwork this weekend…..i do not know if it was signed or not…..wish I did …like I said everyone I talk to has gotten very quiet…but he supposedly has it in his possession as of this weekend...
7-22-2019 Newshound Guru Kaperoni Question: ...We would get people who would ask us about cashing out and what the next stage is and what should we do? We don't speculate on that...but what I can tell you is we are not going to abandon ship when and if the dinar starts to go up in value and a mechanism is in place for people to cash out or deposit their dinars into an account...it will occur and be news to all of us and we'll all learn together. You're not going to have to get up at 6am and go stand in line at a bank. It's not gonna happen like that. We'll all learn together. Just like in the past when we talked about this investment we'll present whatever information that comes forward...
7-21-2019 Newshound Guru Larrykn Lots of news out there lately and I'm not one to do any type of predicting and won't but I think the news coming out of the CBI is good for us, sooner or later Iraq will have to do something and when they do we will be real happy . Until then we wait and see. Some people say not this year and they might be right but then I feel Iraq is behind the steering wheel and will control when all this takes place, [Guru] Kap posted about Iraq GDP being over 8 % next year , wow that is impressive if they do it. But I wouldn't sell the house of that until we see what they really do. Time will tell.
7-21-2019 Newshound Guru Enorrste ...It's like what happened in China when we allowed them into the WTO. They went up to 12% growth. That's how China became a threat to us. We made that happen. Anyway, if they [Iraq] go to that point the pressure on the dinar's value which is currently fixed would be enormous and they would be foolish not to let it float to reduce the inflationary pressure...there is no direct connection between 8.1% and how much money we're going to make. But I can say this, if they go to a float and if they get to 8.1% you're going to make a lot of money. A lot of money. That's all I can say. [Post 2 of 2]
7-21-2019 Newshound Guru Enorrste Question: 8.1% - would that translate to very much inflationary pressure? There is no direct connection between the rate of growth of the GDP in Iraq and the value of the dinar. The dinar is currently fixed in value. If however the Gross Domestic Product of Iraq triples next year from the current 3% or whatever it is to 8.1% that is enormous economic growth. Take America, Under Obama we never got above 2%. Trump got us to 3.3% and we have the hugest economy in the world in two years...and it's only 3.3% so if Iraq goes from 3% to 8% in 7 to 10 months or all of next year which is 18 months that is truly phenomenal growth... [Post 1 of 2] {Reference Guru Kaperoni's "SAP - 8.1% GDP" post on 7-20-2019}
7-21-2019 Newshound Guru Kaperoni Generally speaking...they [The CBI/Iraq} want price discovery. They want the world to set the [dinar] rate. What they're saying is 'We are not going to change the value of our currency until investors come in and say they want to help us.' That's really what they're doing. Guru Enorrste - That's very well stated. Of course the investors are saying exactly the opposite. 'We are not going to invest until you show us you have an open currency.' So it's a catch 22. Eventually they'll do it. They're playing chicken...
7-21-2019 Newshound Guru Enorrste ...It's like what happened in China when we allowed them into the WTO. They went up to 12% growth. That's how China became a threat to us. We made that happen. Anyway, if they [Iraq] go to that point the pressure on the dinar's value which is currently fixed would be enormous and they would be foolish not to let it float to reduce the inflationary pressure...there is no direct connection between 8.1% and how much money we're going to make. But I can say this, if they go to a float and if they get to 8.1% you're going to make a lot of money. A lot of money. That's all I can say. [Post 2 of 2]
7-21-2019 Newshound Guru Enorrste Question: 8.1% - would that translate to very much inflationary pressure? There is no direct connection between the rate of growth of the GDP in Iraq and the value of the dinar. The dinar is currently fixed in value. If however the Gross Domestic Product of Iraq triples next year from the current 3% or whatever it is to 8.1% that is enormous economic growth. Take America, Under Obama we never got above 2%. Trump got us to 3.3% and we have the hugest economy in the world in two years...and it's only 3.3% so if Iraq goes from 3% to 8% in 7 to 10 months or all of next year which is 18 months that is truly phenomenal growth... [Post 1 of 2] {Reference Guru Kaperoni's "SAP - 8.1% GDP" post on 7-20-2019}
7-21-2019 Newshound Guru Kaperoni Generally speaking...they [The CBI/Iraq} want price discovery. They want the world to set the [dinar] rate. What they're saying is 'We are not going to change the value of our currency until investors come in and say they want to help us.' That's really what they're doing. Guru Enorrste - That's very well stated. Of course the investors are saying exactly the opposite. 'We are not going to invest until you show us you have an open currency.' So it's a catch 22. Eventually they'll do it. They're playing chicken...
7-20-2019 Newshound Guru Kaperoni A company called SAP announced a few weeks ago that they are...opening an office in Baghdad. One of the things they say in the article is "the real GDP growth in Iraq is expected to double by about 3 times to 8.1% in 2020."... right now I think it's at 2 point something. This company SAP who has come in with an investment strategy they believe the GDP in Iraq is going to 8.1%...If anyone thinks this is going to drag out another year, a year and a half, two years I think they're kidding themselves...we're talking in the next 7 to 12 months they expect the GDP to raise that high.
7-20-2019 Intel Guru Markz Do you have an idea of what the Dong will be at? Mostly what we have are rumors of what it will be revalued at. If we look at the value at when they first devalued it and adjust for basic inflation we'd be in the two dollar range. I've heard anything from $.47 to 2 something and there's one person out there claiming the contract rate is $6 which makes absolutely no sense to me just based on the economics of it. Me personally I think the low two's is realistic and where I personally think it will wind up. But that is my opinion and my thought.
7-20-2019 Newshound Guru Adam Montana Iraq needs HCL (oil law) to really kick things into high gear. The oil law is many things, but of extreme importance is it’s scope regarding Kurdish relations with Baghdad inside the country. Article quote: “This agenda has been developed in accordance with the political agreements between all parties which compose the new cabinet of the KRG…” That’s excellent stuff regarding the HCL…
7-20-2019 Newshound Guru Enorrste [Article: The Liberalization of prices is the most important implication in the market economy...]. I can't help but believe that means floating the currency. You can't liberalize the price without changing the value...I don't know why he didn't say float the currency but he called it liberalization of prices. Sounds like a float to me...wow.
7-20-2019 Newshound Guru Kaperoni Anyone who says nothing is happening in Iraq or there's no progress is really missing the boat because these types of things that may not be effecting us yet are major accomplishments. Remember post war Iraq was literally off the map. They had to rebuild everything from the ground up and to talk about a financial system now that's engaging and preparing the financial system, inter-banking, markets, the electronic banking, ATMs and all that...they're going from the Stone Age...
7-20-2019 Newshound Guru G-Lin [Does Iran have any or a negative impact on our investment?] ...yes it has an impact...The U.S./Iran situation is very serious and is escalating daily. Instability, instability, instability. I'm anxious to see the Art. IV statement from IMF. It is suppose to come out today...that review will be interesting. Iraq continues to look stronger and stronger economically, however, the M.E. tension is worrisome...
7-20-2019 Intel Guru Markz Do you have an idea of what the Dong will be at? Mostly what we have are rumors of what it will be revalued at. If we look at the value at when they first devalued it and adjust for basic inflation we'd be in the two dollar range. I've heard anything from $.47 to 2 something and there's one person out there claiming the contract rate is $6 which makes absolutely no sense to me just based on the economics of it. Me personally I think the low two's is realistic and where I personally think it will wind up. But that is my opinion and my thought.
7-20-2019 Newshound Guru Adam Montana Iraq needs HCL (oil law) to really kick things into high gear. The oil law is many things, but of extreme importance is it’s scope regarding Kurdish relations with Baghdad inside the country. Article quote: “This agenda has been developed in accordance with the political agreements between all parties which compose the new cabinet of the KRG…” That’s excellent stuff regarding the HCL…
7-20-2019 Newshound Guru Enorrste [Article: The Liberalization of prices is the most important implication in the market economy...]. I can't help but believe that means floating the currency. You can't liberalize the price without changing the value...I don't know why he didn't say float the currency but he called it liberalization of prices. Sounds like a float to me...wow.
7-20-2019 Newshound Guru Kaperoni Anyone who says nothing is happening in Iraq or there's no progress is really missing the boat because these types of things that may not be effecting us yet are major accomplishments. Remember post war Iraq was literally off the map. They had to rebuild everything from the ground up and to talk about a financial system now that's engaging and preparing the financial system, inter-banking, markets, the electronic banking, ATMs and all that...they're going from the Stone Age...
7-20-2019 Newshound Guru G-Lin [Does Iran have any or a negative impact on our investment?] ...yes it has an impact...The U.S./Iran situation is very serious and is escalating daily. Instability, instability, instability. I'm anxious to see the Art. IV statement from IMF. It is suppose to come out today...that review will be interesting. Iraq continues to look stronger and stronger economically, however, the M.E. tension is worrisome...
7-19-2019 Newshound Guru Kaperoni ...we're starting to see a lot of movement with the Iraqi government to encourage investment and to start bringing capital into the country and to start to move this wheel forward...And that's what's going to cause the CBI to get off the peg because they don't want to be last to the party. They want to be ready for when all that capital comes in because that is what's going to cause pressure on the financial system.
7-19-2019 Intel Guru Eagleone2025 I BEEN TOLD CODES ARE BEING ENTERED THIS WEEKEND... SEVERAL SOURCES IN DC. HAVE SAID WE WILL BE IN BANKS THIS WEEK STARTING AROUND MON.- TUES. MY THOUGHT IS LETS WAIT AND SEE...ONLY TRUMP KNOWS...I HAVE HEARD THEY WILL WRAP THIS UP BEFORE THE END OF JULY.
7-19-2019 Newshound Guru Enorrste ...they will change the exchange regime to a float and move to article VIII at the same time. I can't imagine why they wouldn't do it at the same time...they're banging their drums that they are ready. There's got to be some critical point, a certain amount of money they want to see come into the country. They are going to have to make that switch because otherwise they're going to create too much inflationary pressure.
7-19-2019 Intel Guru MarkZ There is no new rate in Iraq as of yet. ...My guys attended a meeting this morning and are not at work today at the RC’s [Redemption Centers]…and they have not been told to be at work this weekend... sorry, but that is why I don’t believe we will be exchanging this weekend. Could they pull the trigger and let us make our appointments this weekend? Absolutely they could to start exchanges next week...in my opinion we are at the very end of this…
7-19-2019 Newshound Guru Kaperoni There's been indications in the IMF's own reports, in what's called their article IV consultations...there's been comments from the IMF...where they've told them [Iraq] to liberalize their foreign exchange, to move to article VIII. There's been statements in those Article IV consultations that have been very encouraging regarding our investment leading us down the path of what we're looking for...freedom of movement of capital...'moving to article VIII will send a strong message to the global investment community that Iraq is open for business.' So there is no confusion there...they have to move to Article VIII...if they want to convince the world 'hey, we're ready. Come and invest.' So article VIII isn't a dream we're hoping for, it's a step in the process and we're just on the cusp I think of that occurring...
7-19-2019 Intel Guru Bruce I am hearing some very good things. First of all Iraq was supposed to put their new rate in Gazette. We heard that a million times. However, they have not released it. It is probably in there...and we are trying to verify the new rate for the Dinar is on the screens tonight [Thursday] because we know that brand new currency codes were entered late this afternoon, this evening so that all of the rates could be brought up as new and all locked in. ...when it comes to the release of the toll-free number my understanding is as of now is they are...in position to be released. ...I just think...obviously we are close. We are hearing great things of rates showing up, new rates codes being entered, and we should be getting started here very soon...
7-19-2019 Newshound/Intel Guru Mnt Goat The CBI has told us that when they are getting ready to move ahead again with the “project to delete the zeros” they will tell us. They have not yet done so. They are not hiding anything or trying to give us “smoke screens” to prevent us from knowing when.
7-19-2019 Newshound Guru MilitiaMan "Finance Committee in the House of Representatives: a surplus of funds due to high oil prices" ...That money is for the citizens imo per the constitution. It was reported that 2018 had one too. They would have told the IMF back on the 04/10/2019 by law...imo...So if they are going to distribute the fair share to the citizens that is to be in the coming days. As in a few...lol Looking good...
7-19-2019 Intel Guru Eagleone2025 I BEEN TOLD CODES ARE BEING ENTERED THIS WEEKEND... SEVERAL SOURCES IN DC. HAVE SAID WE WILL BE IN BANKS THIS WEEK STARTING AROUND MON.- TUES. MY THOUGHT IS LETS WAIT AND SEE...ONLY TRUMP KNOWS...I HAVE HEARD THEY WILL WRAP THIS UP BEFORE THE END OF JULY.
7-19-2019 Newshound Guru Enorrste ...they will change the exchange regime to a float and move to article VIII at the same time. I can't imagine why they wouldn't do it at the same time...they're banging their drums that they are ready. There's got to be some critical point, a certain amount of money they want to see come into the country. They are going to have to make that switch because otherwise they're going to create too much inflationary pressure.
7-19-2019 Intel Guru MarkZ There is no new rate in Iraq as of yet. ...My guys attended a meeting this morning and are not at work today at the RC’s [Redemption Centers]…and they have not been told to be at work this weekend... sorry, but that is why I don’t believe we will be exchanging this weekend. Could they pull the trigger and let us make our appointments this weekend? Absolutely they could to start exchanges next week...in my opinion we are at the very end of this…
7-19-2019 Newshound Guru Kaperoni There's been indications in the IMF's own reports, in what's called their article IV consultations...there's been comments from the IMF...where they've told them [Iraq] to liberalize their foreign exchange, to move to article VIII. There's been statements in those Article IV consultations that have been very encouraging regarding our investment leading us down the path of what we're looking for...freedom of movement of capital...'moving to article VIII will send a strong message to the global investment community that Iraq is open for business.' So there is no confusion there...they have to move to Article VIII...if they want to convince the world 'hey, we're ready. Come and invest.' So article VIII isn't a dream we're hoping for, it's a step in the process and we're just on the cusp I think of that occurring...
7-19-2019 Intel Guru Bruce I am hearing some very good things. First of all Iraq was supposed to put their new rate in Gazette. We heard that a million times. However, they have not released it. It is probably in there...and we are trying to verify the new rate for the Dinar is on the screens tonight [Thursday] because we know that brand new currency codes were entered late this afternoon, this evening so that all of the rates could be brought up as new and all locked in. ...when it comes to the release of the toll-free number my understanding is as of now is they are...in position to be released. ...I just think...obviously we are close. We are hearing great things of rates showing up, new rates codes being entered, and we should be getting started here very soon...
7-19-2019 Newshound/Intel Guru Mnt Goat The CBI has told us that when they are getting ready to move ahead again with the “project to delete the zeros” they will tell us. They have not yet done so. They are not hiding anything or trying to give us “smoke screens” to prevent us from knowing when.
7-19-2019 Newshound Guru MilitiaMan "Finance Committee in the House of Representatives: a surplus of funds due to high oil prices" ...That money is for the citizens imo per the constitution. It was reported that 2018 had one too. They would have told the IMF back on the 04/10/2019 by law...imo...So if they are going to distribute the fair share to the citizens that is to be in the coming days. As in a few...lol Looking good...
7-18-2019 Intel Guru RayRen98 [Are we getting closerrrrrr...?] CLOSER THAN CLOSE! A HEAD TELLER WAS SINGING THIS MORNING - "I GOTTA FEELING, THAT TONIGHT'S GONNA BE A GOOD NIGHT." A BANKER INVOLVED IN THE EXCHANGE PROCESS SENT THIS MESSAGE TO ME THIS MORNING - "GET READY
7-18-2019 Newshound/Intel Guru Mnt Goat The news is scarce coming from Iraq. We do know the CBI governor is being replaced as Alaq has resigned effective in September. He is transitioning now with the new governor. I am still in the notion that we will NOT see any RV until at least the time when the new governor is announced officially and we are out of all these proxy positions in the financial sector of the government including the CBI and the financial ministry. So we sit and wait. These lulls are usually followed by a breakout of some really good news and steps forward...Remember anything is possible in Iraq. But we are told they will not just trigger the reinstatement without some sort of notice to the people. It will not be in the Gazette as some...want you to believe.
7-18-2019 Newshound Guru MilitiaMan "Disclosure of the date of receipt of the 2020 budget and parliamentary finance confirms: There will be a boom in the Iraqi economy" The amendment in the amended 2019 budget will usher the 2020 in. Kurds are happy campers today...Alak told us that...Iraq Banks were to EMBARK on electronic banking...Well to do that and to open private satellite banks globally needs a rate change. The IMF meeting Friday may have the numbers they need to dot I s and cross T s. ...We even now here buzz around the world that China has something in store for the world...Our side of the pond wants a level playing field and I'll bet the apposing pitcher is about to throw the first pitch.. imo.
7-18-2019 Intel Guru Eagleone2025 [via PDK] ...WATCHING THE BANKS FILLING THERE POCKETS WHY WE ARE WAITING FOR THE RV. SOME TIME THIS EVENING I WAS TOLD THAT NUMBERS ARE GOING TO BE RELEASE...AS WE HAVE ALL HEARD MILLION TIMES OVER...SEVERAL SOURCES ARE SAYING THE SAME THING... WE ARE TOLD WE WILL BE IN THE BANKS FRI-TUES... BUT I WILL WAIT AND SEE?
7-18-2019 Intel Guru MarkZ [via PDK] Little to no news today…everything is very quiet. No new rate in Iraq yet...one contact from Zurich says noon tomorrow for exchange...the other is quiet... maybe they can’t talk and that would be good news. [Is this quiet the precursor to “go”?] I think it is. Seems we are sitting in the starting gate waiting for someone to fire the pistol.
7-18-2019 Newshound/Intel Guru RVAlready The problem with anyone who says this will float up from program rate is that it is in direct opposition to what Dr Shabibi said, which was NO FLOAT... Shabibi planned the entire RV. ...Shabibi clearly stated initial rate would be 3.22 plus up to 20% and close to Kuwait.
7-18-2019 Newshound Guru Kaperoni It has been 16 months that the CBI has stabilized the currency in the country to within 2% as identified by the IMF requirement...that's been a problem over the years where the currency went out of compliance and the dinar devalued to the dollar...what they've done is a really good job with the help of the U.S. Treasury to get this under control...yes they've brought the reserves to 72 Billion now and I think one of the 5 largest reserves in the Middle East but there are some other things kinda under the table here which are all relative. When Iraq accepts Article VIII they have held stability for 17 months when the requirement was only 90 days. They have done a really wonderful job creating a situation where they are creating a lot of confidence in their banking system for financial experts around the world as they look at should they bring money into Iraq and trust the banking system...
7-18-2019 Newshound/Intel Guru Mnt Goat The news is scarce coming from Iraq. We do know the CBI governor is being replaced as Alaq has resigned effective in September. He is transitioning now with the new governor. I am still in the notion that we will NOT see any RV until at least the time when the new governor is announced officially and we are out of all these proxy positions in the financial sector of the government including the CBI and the financial ministry. So we sit and wait. These lulls are usually followed by a breakout of some really good news and steps forward...Remember anything is possible in Iraq. But we are told they will not just trigger the reinstatement without some sort of notice to the people. It will not be in the Gazette as some...want you to believe.
7-18-2019 Newshound Guru MilitiaMan "Disclosure of the date of receipt of the 2020 budget and parliamentary finance confirms: There will be a boom in the Iraqi economy" The amendment in the amended 2019 budget will usher the 2020 in. Kurds are happy campers today...Alak told us that...Iraq Banks were to EMBARK on electronic banking...Well to do that and to open private satellite banks globally needs a rate change. The IMF meeting Friday may have the numbers they need to dot I s and cross T s. ...We even now here buzz around the world that China has something in store for the world...Our side of the pond wants a level playing field and I'll bet the apposing pitcher is about to throw the first pitch.. imo.
7-18-2019 Intel Guru Eagleone2025 [via PDK] ...WATCHING THE BANKS FILLING THERE POCKETS WHY WE ARE WAITING FOR THE RV. SOME TIME THIS EVENING I WAS TOLD THAT NUMBERS ARE GOING TO BE RELEASE...AS WE HAVE ALL HEARD MILLION TIMES OVER...SEVERAL SOURCES ARE SAYING THE SAME THING... WE ARE TOLD WE WILL BE IN THE BANKS FRI-TUES... BUT I WILL WAIT AND SEE?
7-18-2019 Intel Guru MarkZ [via PDK] Little to no news today…everything is very quiet. No new rate in Iraq yet...one contact from Zurich says noon tomorrow for exchange...the other is quiet... maybe they can’t talk and that would be good news. [Is this quiet the precursor to “go”?] I think it is. Seems we are sitting in the starting gate waiting for someone to fire the pistol.
7-18-2019 Newshound/Intel Guru RVAlready The problem with anyone who says this will float up from program rate is that it is in direct opposition to what Dr Shabibi said, which was NO FLOAT... Shabibi planned the entire RV. ...Shabibi clearly stated initial rate would be 3.22 plus up to 20% and close to Kuwait.
7-18-2019 Newshound Guru Kaperoni It has been 16 months that the CBI has stabilized the currency in the country to within 2% as identified by the IMF requirement...that's been a problem over the years where the currency went out of compliance and the dinar devalued to the dollar...what they've done is a really good job with the help of the U.S. Treasury to get this under control...yes they've brought the reserves to 72 Billion now and I think one of the 5 largest reserves in the Middle East but there are some other things kinda under the table here which are all relative. When Iraq accepts Article VIII they have held stability for 17 months when the requirement was only 90 days. They have done a really wonderful job creating a situation where they are creating a lot of confidence in their banking system for financial experts around the world as they look at should they bring money into Iraq and trust the banking system...
7-17-2019 Newshound/Intel Guru Randy Koonce THE RATE IS THE ONLY THING THAT YOU ARE WAITING FOR. Remember: This is a POLITICAL football, so it is possible there could always be another unforeseen ‘time out’. It is not that our information was bad; but it might change. Again. DO NOT give your dinar to anyone else to exchange for you. We are really, seriously, truly, honestly, absolutely, positively, probably VERY CLOSE. RELAX the RV really is coming . ...Keep Breathing...check the [CBI] every day to see if it has changed... [post 3 of 3] [note: you can always see the latest official and market rates for the dinar on the left side of this page...]
7-17-2019 Newshound/Intel Guru Randy Koonce I want you to know there is nothing left for Iraq to do to prepare for a rate change. They have been ready since December of Last Year. As in 2018. January started the political football game. There were many political players, from our own Government to several others as well...And ALL of them have affected the political environment. Look for the Dinar to come out between $1 -$2. It should go up a little more later on. Please do not get suckered into waiting or watching for any 800 numbers. You will be able to exchange at any big bank or financial exchange center that normally deals in foreign currency exchanges. [post 2 of 3....stay tuned]
7-17-2019 Newshound/Intel Guru Randy Koonce ...there is a very good window that has opened up once again, and will last through the end of the month. As I have mentioned before, many of the things that have happened on our way to the revaluation of the Iraqi Dinar has turned this anticipated event into a very big Political Game. I call it “Global Political Football”. And there have been no rules to this long and unending game! That being said, there is reason to believe that we are very - VERY - close to the final buzzer now. And, it is a very BIG WINDOW between now (as in ‘right now’;) through the end of month. But...because it is a political football game, that does not mean that if this window closes at the end of the month without a rate change, we will never see it. It just means that another political fight got in the way. Again. [post 1 of 3....stay tuned]
7-17-2019 Intel Guru MarkZ [via PDK] I feel very good and very confident this morning. The facts are no new rate in Iraq yet this morning… My contacts at redemption centers are sitting there waiting...twiddling their thumbs. I am still being told that there will be redemption centers all over ...should be one within 50 miles of almost everyone. ...I believe Mr. Trump will be very motivated now to release this reset...
7-17-2019 Intel Guru Bruce ...we believe things are to the point where we should be getting some good news tomorrow [Wednesday]. Now, it maybe we get toll-free numbers and all we do tomorrow is set appointments. It maybe if we get the numbers soon enough, we set appointments and start tomorrow [Wednesday]. It maybe we get the numbers and set appointments for Thursday. I am trying my best I am not calling it. This is based on the compendious of confirmation and evidence that I have so far today...We know things change. We know we are facing a moving target... I do believe they have this ready for us finally to go. [post 2 of 2]
7-17-2019 Intel Guru Bruce [via PinkRoses] ...I usually start where are we...I can tell you where were we supposed to be. We were supposed to be in the Bank and the Redemption Centers...today [Tuesday]....We were faked out by the fact we were looking for 800 numbers on Monday or Today with exchanges, but...There were a number...of disgruntled former bank employees...with at least 4 or 5 main banks...that had the wise idea to try to put out bogus toll-free numbers to our community...and they nixed that right away...but it did slow us down for a couple of days. So, we are ready. We are willing and able to move forward to get this party started. [post 1 of 2....stay tuned]
7-17-2019 Newshound Guru Enorrste ...I think the answer is clear. They want to make Iraq one of the most powerful currencies in the world. They want to make it a world reserve currency. They announced that some time ago. 8 years ago. IMF has agreed it's a good idea because of their location. 1. They are in the Middle East 2. The world needs another world reserve currency with the dollar being so over extended...they need this and we can't overestimate the power and importance of the IMF becoming this trustee...they want this thing to happen. They are proving it by making this currency flat to close to its own market rate for 16 months now and announcing they're ready for international trade. It's really really tightened up. [Post 2 of 2]
7-17-2019 Newshound Guru Enorrste I don't think we can underestimate the role of the IMF in all of this. They stated two years ago they were going to become the trustee of the Central Bank of Iraq. When you're the trustee this means you have the purse strings in your pocket and you can pull any sting you want at any time you want and it's not by any coincidence whatsoever this currency shortly thereafter came into stabilization and they got within 2% between the fixed rate and the market rate...Allaq couldn't do it so the IMF finally took over as the trustee of the CBI...They have it under control for 16 months...Why in the world would an International organization like the IMF want to stick their nose in Iraq's business so deeply? [Post 1 of 2....stay tuned]
7-17-2019 Newshound/Intel Guru Mnt Goat Article: "DEPUTIES IN PARLIAMENT DEMAND ACTION TO PUT AN END TO THE THE MASSIVE CORRUPTION CARRIED OUT THROUGH THE AUCTION OF HARD CURRENCY ORGANIZED BY THE CENTRAL BANK" Quote: “THE OFFICIAL STRESSED THAT THE GOVERNMENT IS CONSIDERING SEVERAL OPTIONS TO STRENGTHEN THE DINAR, such as the deletion of zeros or determine the price globally, as do many countries in the Arabian Gulf.” To determine the price globally means to reinstate the dinar BACK on the global exchanges... ...This is the holdup right now in getting the reinstatement ...THE CORRUPTION IN THE CBI! ...So we know they that they know and the pressure is on to do something about losing all this money on these auctions. They have out-lived their usefulness which was to control inflation...
7-17-2019 Newshound/Intel Guru Randy Koonce I want you to know there is nothing left for Iraq to do to prepare for a rate change. They have been ready since December of Last Year. As in 2018. January started the political football game. There were many political players, from our own Government to several others as well...And ALL of them have affected the political environment. Look for the Dinar to come out between $1 -$2. It should go up a little more later on. Please do not get suckered into waiting or watching for any 800 numbers. You will be able to exchange at any big bank or financial exchange center that normally deals in foreign currency exchanges. [post 2 of 3....stay tuned]
7-17-2019 Newshound/Intel Guru Randy Koonce ...there is a very good window that has opened up once again, and will last through the end of the month. As I have mentioned before, many of the things that have happened on our way to the revaluation of the Iraqi Dinar has turned this anticipated event into a very big Political Game. I call it “Global Political Football”. And there have been no rules to this long and unending game! That being said, there is reason to believe that we are very - VERY - close to the final buzzer now. And, it is a very BIG WINDOW between now (as in ‘right now’;) through the end of month. But...because it is a political football game, that does not mean that if this window closes at the end of the month without a rate change, we will never see it. It just means that another political fight got in the way. Again. [post 1 of 3....stay tuned]
7-17-2019 Intel Guru MarkZ [via PDK] I feel very good and very confident this morning. The facts are no new rate in Iraq yet this morning… My contacts at redemption centers are sitting there waiting...twiddling their thumbs. I am still being told that there will be redemption centers all over ...should be one within 50 miles of almost everyone. ...I believe Mr. Trump will be very motivated now to release this reset...
7-17-2019 Intel Guru Bruce ...we believe things are to the point where we should be getting some good news tomorrow [Wednesday]. Now, it maybe we get toll-free numbers and all we do tomorrow is set appointments. It maybe if we get the numbers soon enough, we set appointments and start tomorrow [Wednesday]. It maybe we get the numbers and set appointments for Thursday. I am trying my best I am not calling it. This is based on the compendious of confirmation and evidence that I have so far today...We know things change. We know we are facing a moving target... I do believe they have this ready for us finally to go. [post 2 of 2]
7-17-2019 Intel Guru Bruce [via PinkRoses] ...I usually start where are we...I can tell you where were we supposed to be. We were supposed to be in the Bank and the Redemption Centers...today [Tuesday]....We were faked out by the fact we were looking for 800 numbers on Monday or Today with exchanges, but...There were a number...of disgruntled former bank employees...with at least 4 or 5 main banks...that had the wise idea to try to put out bogus toll-free numbers to our community...and they nixed that right away...but it did slow us down for a couple of days. So, we are ready. We are willing and able to move forward to get this party started. [post 1 of 2....stay tuned]
7-17-2019 Newshound Guru Enorrste ...I think the answer is clear. They want to make Iraq one of the most powerful currencies in the world. They want to make it a world reserve currency. They announced that some time ago. 8 years ago. IMF has agreed it's a good idea because of their location. 1. They are in the Middle East 2. The world needs another world reserve currency with the dollar being so over extended...they need this and we can't overestimate the power and importance of the IMF becoming this trustee...they want this thing to happen. They are proving it by making this currency flat to close to its own market rate for 16 months now and announcing they're ready for international trade. It's really really tightened up. [Post 2 of 2]
7-17-2019 Newshound Guru Enorrste I don't think we can underestimate the role of the IMF in all of this. They stated two years ago they were going to become the trustee of the Central Bank of Iraq. When you're the trustee this means you have the purse strings in your pocket and you can pull any sting you want at any time you want and it's not by any coincidence whatsoever this currency shortly thereafter came into stabilization and they got within 2% between the fixed rate and the market rate...Allaq couldn't do it so the IMF finally took over as the trustee of the CBI...They have it under control for 16 months...Why in the world would an International organization like the IMF want to stick their nose in Iraq's business so deeply? [Post 1 of 2....stay tuned]
7-17-2019 Newshound/Intel Guru Mnt Goat Article: "DEPUTIES IN PARLIAMENT DEMAND ACTION TO PUT AN END TO THE THE MASSIVE CORRUPTION CARRIED OUT THROUGH THE AUCTION OF HARD CURRENCY ORGANIZED BY THE CENTRAL BANK" Quote: “THE OFFICIAL STRESSED THAT THE GOVERNMENT IS CONSIDERING SEVERAL OPTIONS TO STRENGTHEN THE DINAR, such as the deletion of zeros or determine the price globally, as do many countries in the Arabian Gulf.” To determine the price globally means to reinstate the dinar BACK on the global exchanges... ...This is the holdup right now in getting the reinstatement ...THE CORRUPTION IN THE CBI! ...So we know they that they know and the pressure is on to do something about losing all this money on these auctions. They have out-lived their usefulness which was to control inflation...
7-16-2019 Intel Guru MarkZ I am tired and weary but cautiously excited tonight. 2 excellent sources in Iraq think they will have their rate in the Gazette on Wednesday... On the treasury side they are saying it could happen tonight [Tuesday] ...another government source said anytime in the next 72 hours.
7-16-2019 Newshound Guru Kaperoni The guru's like to constantly state an increase in the value of the dinar will be some random overnight act. That will never happen. If the Iraqi dinar increases in value it will be based on sound monetary policy and the world's participation in rebuilding the country. SAP, very significant IT company is now in Iraq and expects Iraq's GDP to grow to 8.1% in 2020. That is huge and three times the current GDP. We can only hope they are correct.
7-16-2019 Newshound Guru Whitelions Did you see the cbi gave orders on what to do with the dollar when they come into the banks? They want dinar given in change...they are fighting...to get the dollar off the Street's.
7-16-2019 Intel Guru MarkZ [will value day and 800 numbers happen at the same time?] Yes I believe value day and 800 numbers will happen at the same time...A number of intel providers are looking at Wednedsay as the big day…Not sure where there info comes from...we shall see. [what happens if this doesn't go this month...] If it doesn’t go this month...I personally believe we will see it this month but if it doesn’t...I think anytime before Oct. is fair game... [post 2 of 2]
7-16-2019 Intel Guru MarkZ According to the one treasury contact I still have faith in (I went to college with him and trust him completely) Gold Certificates are on the way to the US as of now...Gold Certificates are how we fund the new US dollar...they are important to this revaluation as we go from fiat based to asset backed currency. He is looking for tonight or tomorrow morning for everything to happen. No new rate in Iraq...yet. [post 1 of 2....stay tuned]
7-16-2019 Newshound Guru Enorrste ...They are not just hoping for a floating dinar, they are counting on it. The fact that the CBI has managed to raise its reserves is a clear indication that the float is imminent. Only with a strong currency can they take the risk of moving to a float. With 71 Billion in reserves they have about 175% coverage of their entire money supply in hard currency...Thus the dinar is one of the strongest currencies in the world despite its current low value. As the float begins the they will see the value of the dinar begin to rise. As it rises they will reduce the money supply with the goal of getting it down to 40 Billion dinar rather than 40 trillion dinar. Thus at one dollar per dinar (this is after the float has occurred) the CBI will still have 175% coverage of their money, meaning the dinar could easily get back to the $3.50 per dinar range which is their ultimate goal. [Post 2 of 2]
7-16-2019 Newshound Guru Enorrste Haven't had anything to say for a while but now we're getting close so let's get into it....[Article the Central Bank of Iraq on Thursday announced the foreign reserves rose to a total of 72 Billion dollars in the first half of 2019]...how did they raise their reserves when the government was in a deficit situation? ...they managed to expand investment throughout the country. Thus reducing somewhat their dependence on oil. This means dollar investment has in fact been coming in the country despite the fact that the dinar is not yet convertible on the international market...this is extremely good. Why? ...once the investors get a foothold in Iraq they will come in droves to make money...with the hopes...that they will be able to get their profits out the country in short order. This means there are now people willing to put their money where their mouth is... [Post 1 of 2.....stay tuned]
7-16-2019 Newshound Guru Kaperoni ...We're all about the facts, truth and learning the process and fundamentals of how monetary policy works and how it interacts with transitional economies. There is no arbitrary revaluation or reinstatement. The terms the gurus like to use RV or RI is all nonsense. That is not how monetary policy works...The CBI will follow strict rules. They will follow processes as well as rules and processes from the International Monetary Fund (IMF). They use this information to design monetary policies to combat the effects of a growing economy. These are proven policies and techniques used by other central banks all around the world...there have been a lot of things that are eye popping. There has been a lot of progress over the last few months...
7-16-2019 Newshound Guru Whitelions I think we are finely close enough to smell the roses for the first time in years they have gotten their poo together...
7-16-2019 Newshound Guru Kaperoni The guru's like to constantly state an increase in the value of the dinar will be some random overnight act. That will never happen. If the Iraqi dinar increases in value it will be based on sound monetary policy and the world's participation in rebuilding the country. SAP, very significant IT company is now in Iraq and expects Iraq's GDP to grow to 8.1% in 2020. That is huge and three times the current GDP. We can only hope they are correct.
7-16-2019 Newshound Guru Whitelions Did you see the cbi gave orders on what to do with the dollar when they come into the banks? They want dinar given in change...they are fighting...to get the dollar off the Street's.
7-16-2019 Intel Guru MarkZ [will value day and 800 numbers happen at the same time?] Yes I believe value day and 800 numbers will happen at the same time...A number of intel providers are looking at Wednedsay as the big day…Not sure where there info comes from...we shall see. [what happens if this doesn't go this month...] If it doesn’t go this month...I personally believe we will see it this month but if it doesn’t...I think anytime before Oct. is fair game... [post 2 of 2]
7-16-2019 Intel Guru MarkZ According to the one treasury contact I still have faith in (I went to college with him and trust him completely) Gold Certificates are on the way to the US as of now...Gold Certificates are how we fund the new US dollar...they are important to this revaluation as we go from fiat based to asset backed currency. He is looking for tonight or tomorrow morning for everything to happen. No new rate in Iraq...yet. [post 1 of 2....stay tuned]
7-16-2019 Newshound Guru Enorrste ...They are not just hoping for a floating dinar, they are counting on it. The fact that the CBI has managed to raise its reserves is a clear indication that the float is imminent. Only with a strong currency can they take the risk of moving to a float. With 71 Billion in reserves they have about 175% coverage of their entire money supply in hard currency...Thus the dinar is one of the strongest currencies in the world despite its current low value. As the float begins the they will see the value of the dinar begin to rise. As it rises they will reduce the money supply with the goal of getting it down to 40 Billion dinar rather than 40 trillion dinar. Thus at one dollar per dinar (this is after the float has occurred) the CBI will still have 175% coverage of their money, meaning the dinar could easily get back to the $3.50 per dinar range which is their ultimate goal. [Post 2 of 2]
7-16-2019 Newshound Guru Enorrste Haven't had anything to say for a while but now we're getting close so let's get into it....[Article the Central Bank of Iraq on Thursday announced the foreign reserves rose to a total of 72 Billion dollars in the first half of 2019]...how did they raise their reserves when the government was in a deficit situation? ...they managed to expand investment throughout the country. Thus reducing somewhat their dependence on oil. This means dollar investment has in fact been coming in the country despite the fact that the dinar is not yet convertible on the international market...this is extremely good. Why? ...once the investors get a foothold in Iraq they will come in droves to make money...with the hopes...that they will be able to get their profits out the country in short order. This means there are now people willing to put their money where their mouth is... [Post 1 of 2.....stay tuned]
7-16-2019 Newshound Guru Kaperoni ...We're all about the facts, truth and learning the process and fundamentals of how monetary policy works and how it interacts with transitional economies. There is no arbitrary revaluation or reinstatement. The terms the gurus like to use RV or RI is all nonsense. That is not how monetary policy works...The CBI will follow strict rules. They will follow processes as well as rules and processes from the International Monetary Fund (IMF). They use this information to design monetary policies to combat the effects of a growing economy. These are proven policies and techniques used by other central banks all around the world...there have been a lot of things that are eye popping. There has been a lot of progress over the last few months...
7-16-2019 Newshound Guru Whitelions I think we are finely close enough to smell the roses for the first time in years they have gotten their poo together...
7-15-2019 Intel Guru RayRen98 All "authoritative" financial sources are of high expectancy waiting for confirmation reports of rumours of a live rate. Tellers are on "standby" mode. The new Contract Rate cap limit on the Dinar is "SUPPOSED" to be 10 million now, instead of 20 million from a few years ago. We Shall C! Time Will Tell it ALL!
7-15-2019 Intel Guru Eagleone2025 [via PDK] THERE WILL BE FOUR PEOPLE IN THE ROOM WITH YOU WHEN YOU GO TO YOUR BANK EXCHANGE. YOUR NON CONTRACT RATES WILL BE VERY GOOD.
7-15-2019 Intel Guru MarkZ [Could your contacts be giving you fake info] We know there are people paid to give us all fake info...i try my best to use only trustworthy people I have known a long time...I am not worried about false 800 numbers… [is it looking like August now?] I do not think we will go into August without the RV. We must be very close…Trolls are shooting with both barrels today...I hear the banking rates will be good for 30 days once they start. [post 2 of 2]
7-15-2019 Intel Guru MarkZ [via PDK] This was a fairly noisy weekend for a change...Hearing rumors in Asia of exchanges today that I cannot prove. People in Zurich are waiting to do there exchanges... big expectations for this week. Call centers in US went to work bright and early today expecting us to exchange this week. No rate change in Iraq as of yet. [Who tells the banks and redemption centers to be on high alert?] So banks hear the information from the upper ecelons of their bank...who have gotten the info from the US treasury...I am salty with the rumors from the treasury right now. [post 1 of 2....stay tuned]
7-15-2019 Newshound Guru Kaperoni [via Baxter] ...the Article 4 consultation report... is to be released yet this Month...and that should tell us more about where Iraq is at this point.
7-15-2019 Intel/Newshound Guru sandyf ...If we are to gain from this venture then it is not going to come from anything Iraq does. How can people talk about Dinar and Dong in the same breath and then think the answer lies with 3 zeros. Hopefully by the time Iraq ever gets around to deleting the zeros, all thoughts of Iraq will be well and truly in the rear view mirror.
7-15-2019 Intel Guru Eagleone2025 [via PDK] THERE WILL BE FOUR PEOPLE IN THE ROOM WITH YOU WHEN YOU GO TO YOUR BANK EXCHANGE. YOUR NON CONTRACT RATES WILL BE VERY GOOD.
7-15-2019 Intel Guru MarkZ [Could your contacts be giving you fake info] We know there are people paid to give us all fake info...i try my best to use only trustworthy people I have known a long time...I am not worried about false 800 numbers… [is it looking like August now?] I do not think we will go into August without the RV. We must be very close…Trolls are shooting with both barrels today...I hear the banking rates will be good for 30 days once they start. [post 2 of 2]
7-15-2019 Intel Guru MarkZ [via PDK] This was a fairly noisy weekend for a change...Hearing rumors in Asia of exchanges today that I cannot prove. People in Zurich are waiting to do there exchanges... big expectations for this week. Call centers in US went to work bright and early today expecting us to exchange this week. No rate change in Iraq as of yet. [Who tells the banks and redemption centers to be on high alert?] So banks hear the information from the upper ecelons of their bank...who have gotten the info from the US treasury...I am salty with the rumors from the treasury right now. [post 1 of 2....stay tuned]
7-15-2019 Newshound Guru Kaperoni [via Baxter] ...the Article 4 consultation report... is to be released yet this Month...and that should tell us more about where Iraq is at this point.
7-15-2019 Intel/Newshound Guru sandyf ...If we are to gain from this venture then it is not going to come from anything Iraq does. How can people talk about Dinar and Dong in the same breath and then think the answer lies with 3 zeros. Hopefully by the time Iraq ever gets around to deleting the zeros, all thoughts of Iraq will be well and truly in the rear view mirror.
7-14-2019 Intel Guru RayRen98 Iraq - Iraqi TV is broadcasting that PM Mahdi's resignation letter is expected in the coming days. Skuttle-butt is abound of Abadi planning on returning to Prime Minister position. [Does any of this overseas "news" really matter to us?] LOL. US - Some bank employees are mandated to come in on Sunday afternoon...say what???
7-14-2019 Newshound Guru Don961 Article: "Paying with plastic? Iraqis weigh pros and cons" Quote: "In Iraq's cash-driven economy, the Communications Ministry and head of the Central of Bank are getting input on a mechanism that would allow banks and shops to further facilitate the use of debit and credit cards." ...this is where the rubber (er...currency) hits the road...in the marketplace... cool article...dump the rippy old notes with all those zeroes... replace them with new polymer ones that don't deteriorate as quickly...and give them a value so small change can be made without an issue... give 'em sum coins for the Fil jar to save for a rainy day ...
7-14-2019 Intel/Newshound Guru sandyf ...Govt does not Drop the zeros...CBI does...Central banks have a limited role in the management of a currency. Changes to the monetary unit or major changes to the currency require government approval. Deletion of the 3 zeros in Iraq will affect the monetary unit and as such will require a Bill to pass through parliament, not going to happen any time soon.
7-14-2019 Newshound Guru Don961 Article: "Paying with plastic? Iraqis weigh pros and cons" Quote: "In Iraq's cash-driven economy, the Communications Ministry and head of the Central of Bank are getting input on a mechanism that would allow banks and shops to further facilitate the use of debit and credit cards." ...this is where the rubber (er...currency) hits the road...in the marketplace... cool article...dump the rippy old notes with all those zeroes... replace them with new polymer ones that don't deteriorate as quickly...and give them a value so small change can be made without an issue... give 'em sum coins for the Fil jar to save for a rainy day ...
7-14-2019 Intel/Newshound Guru sandyf ...Govt does not Drop the zeros...CBI does...Central banks have a limited role in the management of a currency. Changes to the monetary unit or major changes to the currency require government approval. Deletion of the 3 zeros in Iraq will affect the monetary unit and as such will require a Bill to pass through parliament, not going to happen any time soon.
7-13-2019 Intel Guru RayRen98 Some exchange activity "REPORTEDLY" has begun in limited areas...we are awaiting solid confirmations of such. Some bank sources are now reporting two separate contract rates for Dinar and Dong (no specifics given...). Time Will Tell! We're still WAITING to receive 800 numbers that were supposed to be out by now. Patience is a virtue. ...Monday appears to be a Tell All, Reveal All type of day. ...the "Window" remains open.
7-13-2019 Intel Guru Delta [I believe you have recently stated that they have ALREADY lifted the 3 zeros in country...Can you please clarify this for me?] IT'S ALL DONE... MAYBE IT'S SOMETHING OR NOTHING BUT...NO RATE UPDATE SINCE WED ON CBI...
7-13-2019 Newshound Guru Kaperoni [77% of the world's transaction revenue touches an SAP system! They are HUGE! They...wouldn't set up shop in Iraq for fun! ...They have seen the potential & want to get in on the ground floor!] Yes! It's a big deal they are now in Iraq.
7-13-2019 Intel Guru RVAlready We might get exchanges on Monday. Weekends are usually quiet, with government offices closed, and Saturday not really part of the banking week.
7-13-2019 Intel Guru Delta [What if the central bank stopped selling the dollar?] Article quote: "It may be necessary to resort to other mechanisms that are quite different from what is currently being used." WHAT'S NEXT? ...DETERMINE THE PRICE GLOBALLY...
7-13-2019 Intel Guru Delta [I believe you have recently stated that they have ALREADY lifted the 3 zeros in country...Can you please clarify this for me?] IT'S ALL DONE... MAYBE IT'S SOMETHING OR NOTHING BUT...NO RATE UPDATE SINCE WED ON CBI...
7-13-2019 Newshound Guru Kaperoni [77% of the world's transaction revenue touches an SAP system! They are HUGE! They...wouldn't set up shop in Iraq for fun! ...They have seen the potential & want to get in on the ground floor!] Yes! It's a big deal they are now in Iraq.
7-13-2019 Intel Guru RVAlready We might get exchanges on Monday. Weekends are usually quiet, with government offices closed, and Saturday not really part of the banking week.
7-13-2019 Intel Guru Delta [What if the central bank stopped selling the dollar?] Article quote: "It may be necessary to resort to other mechanisms that are quite different from what is currently being used." WHAT'S NEXT? ...DETERMINE THE PRICE GLOBALLY...
7-12-2019 Intel Guru DELTA Article quote: "The file of the "auction of hard currency" in Iraq to the forefront after the comments of deputies in parliament, demanding the Prime Minister and the Supreme Judicial Council and the public prosecution in the country, put an end to the massive corruption carried out through the auction of hard currency organized by the Central Bank of Iraq every day." MASSACRE OF THE DOLLAR IN IRAQ...OFFICIAL MOVEMENT AGAINST FRAUD AT THE CBI AUCTION.
7-12-2019 Intel Guru MarkZ [via PDK] No news…no update as to why we have not gone…We were told the US military sent a rep with the Chinese to the Pentagon to arrange the rest and here we are sitting here wondering where we are at...Iraq is still waiting on a new rate. Europe is still waiting on the US. I did hear that there were a number of test exchanges done yesterday that went well. They are still waiting to exchange but we haven’t seen anything yet. Redemption centers: The people I know are at work today and on high alert. They are not scheduled to work this weekend but have to be “on call” all weekend.
7-12-2019 Newshound/Intel Guru Mnt Goat "MONETARY RESERVES WITH THE CENTRAL BANK OF IRAQ: CRISIS AFTER CRISIS" This article is nothing more than the CBI tooting its own whistle again. al-Allaq knows his days are over in the CBI and he is going to be replaced. He is the third generation proxy governor appointed by the Nori al-Maliki days of takeover in 2012. He does not have the expertise to handle the complexities and corruption of the CBI. He is going to be replace shortly. A new candidate has been already chosen.
7-12-2019 Intel Guru Bruce [via PinkRoses] ...What we are finding out is at the Redemption Centers they are having to reenter activation codes...they are doing that to get ready for everything to come down the pipe here. We got the Forex with established rates ready to drop in...The rates seem on the bank screens are updating. I do not know if they have changed over, but they were supposed to populate this morning and be on the screens this morning [Thursday]. Now, obviously they need to come in as new rates before we go in for exchanges. So, this is one of the things that has to happen. ...we do have some security issues...We know that security concerns today that were supposed to be pretty much handled...That is good news...we are set to go at any time. Now, with the security concerns basically taken care of, I think we can move forward. ...I think we are so close we are right on it. Some of the sources have been told to clam up...That is a good sign when that happens. ...I am excited we are getting closer and closer everyday with the hope that this doesn’t carry into the weekend...
7-12-2019 Intel Guru Delta MONDAY IS A HOLIDAY IN IRAQ SO CBI HAD 2 AUCTIONS BUT IT WAS STRANGE THAT FOR SUNDAY THE VOLUME WAS 0 AND THIS WAS THE FIRST TIME I SEE THIS PATTERN...BUT FOR MONDAY THE VOLUME IS REGULAR NUMBERS...BANKS SUBMIT THEIR REQUEST FOR AUCTIONS IN ADVANCED SO WHAT DID THEY KNOW...CBI WILL SEND MEMO 24 HURS IN ADVANCED TO BANKS BEFORE RATE CHANGE...
7-12-2019 Intel Guru MarkZ [via PDK] No news…no update as to why we have not gone…We were told the US military sent a rep with the Chinese to the Pentagon to arrange the rest and here we are sitting here wondering where we are at...Iraq is still waiting on a new rate. Europe is still waiting on the US. I did hear that there were a number of test exchanges done yesterday that went well. They are still waiting to exchange but we haven’t seen anything yet. Redemption centers: The people I know are at work today and on high alert. They are not scheduled to work this weekend but have to be “on call” all weekend.
7-12-2019 Newshound/Intel Guru Mnt Goat "MONETARY RESERVES WITH THE CENTRAL BANK OF IRAQ: CRISIS AFTER CRISIS" This article is nothing more than the CBI tooting its own whistle again. al-Allaq knows his days are over in the CBI and he is going to be replaced. He is the third generation proxy governor appointed by the Nori al-Maliki days of takeover in 2012. He does not have the expertise to handle the complexities and corruption of the CBI. He is going to be replace shortly. A new candidate has been already chosen.
7-12-2019 Intel Guru Bruce [via PinkRoses] ...What we are finding out is at the Redemption Centers they are having to reenter activation codes...they are doing that to get ready for everything to come down the pipe here. We got the Forex with established rates ready to drop in...The rates seem on the bank screens are updating. I do not know if they have changed over, but they were supposed to populate this morning and be on the screens this morning [Thursday]. Now, obviously they need to come in as new rates before we go in for exchanges. So, this is one of the things that has to happen. ...we do have some security issues...We know that security concerns today that were supposed to be pretty much handled...That is good news...we are set to go at any time. Now, with the security concerns basically taken care of, I think we can move forward. ...I think we are so close we are right on it. Some of the sources have been told to clam up...That is a good sign when that happens. ...I am excited we are getting closer and closer everyday with the hope that this doesn’t carry into the weekend...
7-12-2019 Intel Guru Delta MONDAY IS A HOLIDAY IN IRAQ SO CBI HAD 2 AUCTIONS BUT IT WAS STRANGE THAT FOR SUNDAY THE VOLUME WAS 0 AND THIS WAS THE FIRST TIME I SEE THIS PATTERN...BUT FOR MONDAY THE VOLUME IS REGULAR NUMBERS...BANKS SUBMIT THEIR REQUEST FOR AUCTIONS IN ADVANCED SO WHAT DID THEY KNOW...CBI WILL SEND MEMO 24 HURS IN ADVANCED TO BANKS BEFORE RATE CHANGE...
7-11-2019 Newshound Guru MilitiaMan Article: "The central bank goes beyond the technical gap and the challenges of digital transformation" ...this one has my eye and big time. They are literally telling you they are ready to hit the pavement running. What timing. They are talking in International Standards and are at platform ready status in a fourth Axis... That has me scratching my head, but the implications are realm of going live with the currency, stocks, etc.. imo. ~ WOW~
7-11-2019 Intel Guru RayRen98 SKR holders are receiving notifications of "funds availability" by the end of this week. Reportedly, banks have received permission to start setting appointments for SKR holders and "documented" high volume exchangers. Undocumented exchangers will "follow suit" afterwards. Of course, Time Will Tell if any of this is 100% accurate.
7-11-2019 Newshound Guru chattels Article: "Oil and gas laws: a crux of Erbil-Baghdad tension By Omar Moradi" Quote: "The lack of oil and gas federal legislation has been the root cause of problems between Erbil and Baghdad since the Iraqi constitution was approved in 2005. Now there is a government in Baghdad that has shown its desire to resolve these problems through dialogue, and the success of the new Kurdistan Regional Government (KRG) cabinet depends on whether the oil and gas issue is resolved with Baghdad" IMO, the federal legislation contemplated by the foregoing article is "THE HCL". If the HCL law is a condition precedent or attendant to our liquidity event, then we are not there yet. [NOTE: See the list of possible "to do's" on the left side of this page in the Resource Bar.]
7-11-2019 Intel Guru MarkZ ...We appear to be in a holding pattern...for what? I do not know. I have no confirmations that anyone has spendable cash yet. Lots of articles in Iraq saying there will be a new rate and a new value soon… [Did they kick the can again?] Wish I knew today...but the fact is it hasn’t happened and it has to happen.
7-11-2019 Newshound Guru Adam Montana There will never be an absolute perfect set of circumstances under which Iraq "can" or "should" or "must" change the value of their currency. I see a fair amount of comments from people stating something like "Oh, Iraq will never RV unless X happens, or until Y is implemented", etc etc... that is simply not true. There is NO absolute "must" for Iraq. They can change the rate today. Or yesterday, or tomorrow. They can do it without any further progress, without any permission from anyone or anything, and all the speculation in the world won't give us an exact date or a precise set of circumstances. The situation we find ourselves in today, at this very moment, is "good enough". Personally, I'm on standby for an incredible event. A solid resolution on the oil and gas law (HCL) will mean "no turning back", but just the same - it's not a necessity. Pretty darn exciting, if you ask me. [post 2 of 2]
7-11-2019 Newshound Guru Adam Montana Article: "Oil and gas laws: a crux of Erbil-Baghdad tension" Back in the forefront of ReValuation (RV) news...HCL. We've made it through Ramadan, budgeting, elections, and a whole slew of other issues. All of them, although lengthy at times, have sailed successfully through the turbulent waters and left us with a final component: HCL. It's actually on the horizon. It's being talked about, and I'm predicting we'll see more of this very shortly. Adding fuel to the HCL fire: "Iraqi oil minister: OPEC agreement + will reduce stocks and achieve price stability" WTI just crossed $60 again, and those of us watching the OIL tickers recently are well aware of how stable OIL is right now. Those of us pairing that information with the current and ongoing situation in Iraq understand how important OIL is to Iraq's ability to RV. And in case anyone needed some reassurance...it's going as perfect as we could hope for. [post 1 of 2....stay tuned]
7-11-2019 Newshound/Intel Guru Mnt Goat Article: "WHY IS THE CURRENCY AUCTION IS OUTSIDE THE CONTROL OF THE CENTRAL BANK?" ...another article talking about the corruption with the currency auctions. This is all very good. We are going to see these auctions end and the “project to delete the zeros”. This is coming and coming sooner than later. The pressure by Sadr is enormous on parliament and the finance committee to work with the CBI.
7-11-2019 Intel Guru RayRen98 SKR holders are receiving notifications of "funds availability" by the end of this week. Reportedly, banks have received permission to start setting appointments for SKR holders and "documented" high volume exchangers. Undocumented exchangers will "follow suit" afterwards. Of course, Time Will Tell if any of this is 100% accurate.
7-11-2019 Newshound Guru chattels Article: "Oil and gas laws: a crux of Erbil-Baghdad tension By Omar Moradi" Quote: "The lack of oil and gas federal legislation has been the root cause of problems between Erbil and Baghdad since the Iraqi constitution was approved in 2005. Now there is a government in Baghdad that has shown its desire to resolve these problems through dialogue, and the success of the new Kurdistan Regional Government (KRG) cabinet depends on whether the oil and gas issue is resolved with Baghdad" IMO, the federal legislation contemplated by the foregoing article is "THE HCL". If the HCL law is a condition precedent or attendant to our liquidity event, then we are not there yet. [NOTE: See the list of possible "to do's" on the left side of this page in the Resource Bar.]
7-11-2019 Intel Guru MarkZ ...We appear to be in a holding pattern...for what? I do not know. I have no confirmations that anyone has spendable cash yet. Lots of articles in Iraq saying there will be a new rate and a new value soon… [Did they kick the can again?] Wish I knew today...but the fact is it hasn’t happened and it has to happen.
7-11-2019 Newshound Guru Adam Montana There will never be an absolute perfect set of circumstances under which Iraq "can" or "should" or "must" change the value of their currency. I see a fair amount of comments from people stating something like "Oh, Iraq will never RV unless X happens, or until Y is implemented", etc etc... that is simply not true. There is NO absolute "must" for Iraq. They can change the rate today. Or yesterday, or tomorrow. They can do it without any further progress, without any permission from anyone or anything, and all the speculation in the world won't give us an exact date or a precise set of circumstances. The situation we find ourselves in today, at this very moment, is "good enough". Personally, I'm on standby for an incredible event. A solid resolution on the oil and gas law (HCL) will mean "no turning back", but just the same - it's not a necessity. Pretty darn exciting, if you ask me. [post 2 of 2]
7-11-2019 Newshound Guru Adam Montana Article: "Oil and gas laws: a crux of Erbil-Baghdad tension" Back in the forefront of ReValuation (RV) news...HCL. We've made it through Ramadan, budgeting, elections, and a whole slew of other issues. All of them, although lengthy at times, have sailed successfully through the turbulent waters and left us with a final component: HCL. It's actually on the horizon. It's being talked about, and I'm predicting we'll see more of this very shortly. Adding fuel to the HCL fire: "Iraqi oil minister: OPEC agreement + will reduce stocks and achieve price stability" WTI just crossed $60 again, and those of us watching the OIL tickers recently are well aware of how stable OIL is right now. Those of us pairing that information with the current and ongoing situation in Iraq understand how important OIL is to Iraq's ability to RV. And in case anyone needed some reassurance...it's going as perfect as we could hope for. [post 1 of 2....stay tuned]
7-11-2019 Newshound/Intel Guru Mnt Goat Article: "WHY IS THE CURRENCY AUCTION IS OUTSIDE THE CONTROL OF THE CENTRAL BANK?" ...another article talking about the corruption with the currency auctions. This is all very good. We are going to see these auctions end and the “project to delete the zeros”. This is coming and coming sooner than later. The pressure by Sadr is enormous on parliament and the finance committee to work with the CBI.
7-10-2019 Newshound/Intel Guru Mnt Goat The other hitch is will the IMF allow this as acceptable and relieve then of the sanctions now or make them wait until the gas is delivered and pays out the $4.1 billion remaining? So far we have not heard from the IMF on this point. So we wait and listen. But YES this could be part of the IMF not wanting to sign off on the RV. Remember too the UN was just in Iraq in a BIG meeting. What were they discussing? Of course they discussed relieving the sanctions, the last part of Chapter VII. What we know as FACT is that Iraq can not Reinstate the currency as long as they are still in Chapter VII. [post 2 of 2]
7-10-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQ HAS PAID 48.3 BILLION DOLLARS COMPENSATION TO KUWAIT SO FAR" ...so the big question on everyone’s minds is will this effect the RV? Do we have to wait until 2021 for these sanctions to be off Iraq when all this money is paid to Kuwait? The answer is NO if the deal with Kuwait to give them gas in exchange for the remaining balance of $4.1 ($52.4 minus $48.3). We have been told this is the case. [post 1 of 2....stay tuned]
7-10-2019 Intel Guru Eagleone2025 [via PDK] ...THERE HAS BEEN ALOT OF TROUBLE IN BRINGING THIS TOGETHER. ...BEEN ON THE PHONE WITH SEVERAL SOURCES...WE KNOW THAT WE ARE VERY CLOSE…THE RELEASE IS VERY NEAR... IT HAS BEEN A LONG JOURNEY ...YES I HAVE HEARD FROM VERY HIGH SOURCES AND WE ARE BEING TOLD IT SHOULD BE SOON... WHAT DOES SOON MEAN... IT COULD BE THIS WEEK... I HAVE HEARD NUMBERS WERE COMING OUT MAYBE TODAY IS WHAT SOME SOURCES HAVE SAID... WE MAY BE IN THE BANK THIS WEEK.
7-10-2019 Intel Guru MarkZ [via PDK] Reno people think today will be Value Day...no more can kicking...In Iraq- no report of new rates there yet...My folks in Europe…in Zurich are in a holding pattern but expect to exchange at any moment...Looks like another day of sitting on the edge of our seats...
7-10-2019 Intel/Newshound Guru Mnt Goat ...Dr. Ali Mohsen Al-Alaq, the governor of the Central Bank of Iraq today...does not have the experience needed to run such a system as the Central Bank of Iraq. The system is very political even though it is supposed to be independent. ...So Alaq’s head is on the chopping block too and his days are numbered...The committee has selected the new CBI director/governor candidate already. He must first get ratified by parliament to get into the “permanent” position. Dr Shabibi and the World Bank is back in Iraq and working closely with this situation so we know they are VERY. VERY serious about moving ahead on the project to delete the zeros...
7-10-2019 Intel Guru Bruce [via PinkRoses] As far as what we are waiting for, it appears everything did get completed. However, this afternoon we were still looking for brand new rates coming up on screens at the bank and the Redemption Centers... and looking for new Forex rates to come up...I am hearing things from a couple of different sources that believe very strongly that tomorrow [Wednesday] is our so-called revalued day... I was told after those new rates come up on those bank screens, the Redemption Center screens, we would be in line to get the toll=free numbers...We shall see where it goes.
7-10-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQ HAS PAID 48.3 BILLION DOLLARS COMPENSATION TO KUWAIT SO FAR" ...so the big question on everyone’s minds is will this effect the RV? Do we have to wait until 2021 for these sanctions to be off Iraq when all this money is paid to Kuwait? The answer is NO if the deal with Kuwait to give them gas in exchange for the remaining balance of $4.1 ($52.4 minus $48.3). We have been told this is the case. [post 1 of 2....stay tuned]
7-10-2019 Intel Guru Eagleone2025 [via PDK] ...THERE HAS BEEN ALOT OF TROUBLE IN BRINGING THIS TOGETHER. ...BEEN ON THE PHONE WITH SEVERAL SOURCES...WE KNOW THAT WE ARE VERY CLOSE…THE RELEASE IS VERY NEAR... IT HAS BEEN A LONG JOURNEY ...YES I HAVE HEARD FROM VERY HIGH SOURCES AND WE ARE BEING TOLD IT SHOULD BE SOON... WHAT DOES SOON MEAN... IT COULD BE THIS WEEK... I HAVE HEARD NUMBERS WERE COMING OUT MAYBE TODAY IS WHAT SOME SOURCES HAVE SAID... WE MAY BE IN THE BANK THIS WEEK.
7-10-2019 Intel Guru MarkZ [via PDK] Reno people think today will be Value Day...no more can kicking...In Iraq- no report of new rates there yet...My folks in Europe…in Zurich are in a holding pattern but expect to exchange at any moment...Looks like another day of sitting on the edge of our seats...
7-10-2019 Intel/Newshound Guru Mnt Goat ...Dr. Ali Mohsen Al-Alaq, the governor of the Central Bank of Iraq today...does not have the experience needed to run such a system as the Central Bank of Iraq. The system is very political even though it is supposed to be independent. ...So Alaq’s head is on the chopping block too and his days are numbered...The committee has selected the new CBI director/governor candidate already. He must first get ratified by parliament to get into the “permanent” position. Dr Shabibi and the World Bank is back in Iraq and working closely with this situation so we know they are VERY. VERY serious about moving ahead on the project to delete the zeros...
7-10-2019 Intel Guru Bruce [via PinkRoses] As far as what we are waiting for, it appears everything did get completed. However, this afternoon we were still looking for brand new rates coming up on screens at the bank and the Redemption Centers... and looking for new Forex rates to come up...I am hearing things from a couple of different sources that believe very strongly that tomorrow [Wednesday] is our so-called revalued day... I was told after those new rates come up on those bank screens, the Redemption Center screens, we would be in line to get the toll=free numbers...We shall see where it goes.
7-9-2019 Intel/Newshound Guru sandyf ...I read an article today that stated the visit from the UN told Iraq if they didn't follow the sanctions against Iran, they would be put BACK INTO chapter 7 plus sanctions...so they are NOT in chapter 7. Sanctions/Restrictions against any country, entity or individual can come about under different Chapters of the UN Charter. Chapter 7 provides the authority to deal with violations by force, whereas Chapter 6 requires resolution by peaceful means. If I remember right under Chapter 8 matters are resolved by local agencies. ...matters can start off under one chapter and then be transferred to another as happened with the Kuwait missing persons.
7-9-2019 Newshound/Intel Guru Mnt Goat ...my advice is relax. Let Sadr run his magic. He is on our side and wants the reinstatement just as bad if not more than us. He is working for reforms within Iraq. Remember his party/coalition won the election in 2018 and he ran on anti-corruption and reform agenda. He seated Mahdi and so the new PM must do what the coalition stands for - REFORMS. [post 2 of 2]
7-9-2019 Newshound/Intel Guru Mnt Goat ...why would parliament form a separate finance committee...just to look into the matter of corruption in the CBI and currency auctions and as to why the Financial Management law is not being administered and implemented. It has been passed for weeks now. Why would they do this if the RV was already scheduled to go? Another reason why no RV was going to happen - The Department of Economic Studies... held a scientific symposium entitled "Change in the value of the Iraqi currency, benefits and costs"...held on 7/4/2019... Why would they do this if the RV was already scheduled to go? [post 1 of 2....stay tuned]
7-9-2019 Intel Guru MarkZ Rumors from Reno…that west coast time when banks all close tonight the numbers will be released... so we could possibly have news this evening after 9 est. ...there is a big push to get us the 800 numbers today...They are expecting people to do banking by tomorrow… [Is there still some news that makes you confident that you are not sharing with us?] Yes… still some news I cannot share. ...I am still expecting “Christmas in July”. [What is the status on Redemption Centers...? Are they on high alert...?] My contacts are at work today and going over new protocals….and I was told if the rate is released later in the week they would be open on Saturday. No news of a new rate from Iraq yet.
7-9-2019 Newshound Guru Mnt Goat Many of you still ask me about 800#...You ask if all of this is really going to happen. I have said it before and I am saying it again. There are already 800# published. The banks already have currency exchange centers within the banks and you can call their numbers anytime you want. There are no other special numbers planned. Get it? How many times must I talk about this? But why would you call anyhow now not since the rate is still too low.
7-9-2019 Intel Guru Frank26 [via loby777] "we are now at a "close encounter with the RI"!!
7-9-2019 Intel Guru Eagleone2025 [via PDK] I HAVE TALKED TO SOME HIGH SOURCES I AM HEARING VERY GOOD RATES. THE WHOLE THING IS COMING TOGETHER. THINGS ARE MOVING FAST, BANKS ARE LOOKING GOOD...GET READY THIS WEEK IS LOOKING VERY GOOD...
7-9-2019 Newshound/Intel Guru Mnt Goat ...my advice is relax. Let Sadr run his magic. He is on our side and wants the reinstatement just as bad if not more than us. He is working for reforms within Iraq. Remember his party/coalition won the election in 2018 and he ran on anti-corruption and reform agenda. He seated Mahdi and so the new PM must do what the coalition stands for - REFORMS. [post 2 of 2]
7-9-2019 Newshound/Intel Guru Mnt Goat ...why would parliament form a separate finance committee...just to look into the matter of corruption in the CBI and currency auctions and as to why the Financial Management law is not being administered and implemented. It has been passed for weeks now. Why would they do this if the RV was already scheduled to go? Another reason why no RV was going to happen - The Department of Economic Studies... held a scientific symposium entitled "Change in the value of the Iraqi currency, benefits and costs"...held on 7/4/2019... Why would they do this if the RV was already scheduled to go? [post 1 of 2....stay tuned]
7-9-2019 Intel Guru MarkZ Rumors from Reno…that west coast time when banks all close tonight the numbers will be released... so we could possibly have news this evening after 9 est. ...there is a big push to get us the 800 numbers today...They are expecting people to do banking by tomorrow… [Is there still some news that makes you confident that you are not sharing with us?] Yes… still some news I cannot share. ...I am still expecting “Christmas in July”. [What is the status on Redemption Centers...? Are they on high alert...?] My contacts are at work today and going over new protocals….and I was told if the rate is released later in the week they would be open on Saturday. No news of a new rate from Iraq yet.
7-9-2019 Newshound Guru Mnt Goat Many of you still ask me about 800#...You ask if all of this is really going to happen. I have said it before and I am saying it again. There are already 800# published. The banks already have currency exchange centers within the banks and you can call their numbers anytime you want. There are no other special numbers planned. Get it? How many times must I talk about this? But why would you call anyhow now not since the rate is still too low.
7-9-2019 Intel Guru Frank26 [via loby777] "we are now at a "close encounter with the RI"!!
7-9-2019 Intel Guru Eagleone2025 [via PDK] I HAVE TALKED TO SOME HIGH SOURCES I AM HEARING VERY GOOD RATES. THE WHOLE THING IS COMING TOGETHER. THINGS ARE MOVING FAST, BANKS ARE LOOKING GOOD...GET READY THIS WEEK IS LOOKING VERY GOOD...
7-8-2019 Intel Guru MarkZ [via PDK] [800 numbers yet?] The Rumor is they could go overnight tonight or early morning as well.
7-8-2019 Newshound Guru MilitiaMan Article: "Rafidain Bank launches its approach to change and renewal at the station" Quotes: "...to start the banking business in accordance with the applications of the new electronic banking system..."; "...Iraq is about to move to a new stage in overcoming the stage of the financial crisis and economic to a new stage..." So they have prepared the tellers with new technology and methodology. They prepared them for the start of a new electronic banking system. I'll bet one that is prepared for the new currency we await. The new system has ATMs. They are expecting from the looks of it plenty of cash deposits. They'll be ready for them to help with the new ATMs functionality. They are wanting them to realize they are at the forefront now and for good reason. Ushering in change and literally will be making change...imo!
7-8-2019 Intel Guru Eagleone2025 WE ARE BEING TOLD THAT WE ARE VERY CLOSE TO THIS RELEASE. D.C. CONTACTS AND MILITARY HAVE ALL SAID THIS SHOULD BREAK THIS WEEK BY WED. WE HOPE TO BE IN THE BANKS. BANKING CONTACTS HAVE SAID THAT THEY ARE HEARING THIS WEEK FOR APPOINTMENTS...WE WAIT AND SEE...REMEMBER THIS IS A DAY BY DAY PROCESS. AGAIN WED. AT BANKS ARE LOOKING GOOD. EUROPE CONTACT SAID HE HEARD WE SHOULD IN BANKS THIS WEEK. HOLD ON TO YOUR CURRENCY...MAKE SURE YOU KNOW WHO YOU ARE DEALING WITH. DO NOT TAKE PIC OF CURRENCY AND DO NOT PASS THEM ON TO ANYONE.
7-8-2019 Intel Guru MarkZ This weekend has been very slow for news until early this morning... I have...not had time to vet it all. I have some news I cannot say that makes me confident that at least the rest of the world will be going tomorrow and the US shortly after...although we still hope we all go together. ...Rumors from the banking side is we may see 800 numbers this afternoon. [Status on Redemption Centers today?] They did not work this weekend…but have reported to work bright and early today. Dong rate rumor I heard it will start at .47 at the street and float up to its final value of around $2.27. This should not effect those of us calling the 800 numbers. Rumored dinar rate are pretty fantastical...not sure I believe it...Contract rates $28 for the first 10 million...
7-8-2019 Newshound Guru chattels Article: "Distribution of the instruments of Article 140 on Kurdish families" The allocation /distribution of funds to Kurds under article 140 is part of the first phase in the process. There remains at least the requirements of a census and referendum. Article 140 involves three stages. The first, normalization, has a compensatory payment factor to it. The next two are a census and a referendum to determine inclusion in the KRG. There are reports of a census in 2020, but there is an argument over whether it is/ can be used as the article 140 census. It is possible that the recent news was about funding for the census. [Note: Article 140 is on the guru list of possible remaining to do's...you can see the full list in the Resource Bar on the left of this page.]
7-8-2019 Newshound Guru Whitelions Article: "Distribution of the instruments of Article 140 on Kurdish families" wooo hoooo...good news.
7-8-2019 Newshound Guru MilitiaMan Article: "Rafidain Bank launches its approach to change and renewal at the station" Quotes: "...to start the banking business in accordance with the applications of the new electronic banking system..."; "...Iraq is about to move to a new stage in overcoming the stage of the financial crisis and economic to a new stage..." So they have prepared the tellers with new technology and methodology. They prepared them for the start of a new electronic banking system. I'll bet one that is prepared for the new currency we await. The new system has ATMs. They are expecting from the looks of it plenty of cash deposits. They'll be ready for them to help with the new ATMs functionality. They are wanting them to realize they are at the forefront now and for good reason. Ushering in change and literally will be making change...imo!
7-8-2019 Intel Guru Eagleone2025 WE ARE BEING TOLD THAT WE ARE VERY CLOSE TO THIS RELEASE. D.C. CONTACTS AND MILITARY HAVE ALL SAID THIS SHOULD BREAK THIS WEEK BY WED. WE HOPE TO BE IN THE BANKS. BANKING CONTACTS HAVE SAID THAT THEY ARE HEARING THIS WEEK FOR APPOINTMENTS...WE WAIT AND SEE...REMEMBER THIS IS A DAY BY DAY PROCESS. AGAIN WED. AT BANKS ARE LOOKING GOOD. EUROPE CONTACT SAID HE HEARD WE SHOULD IN BANKS THIS WEEK. HOLD ON TO YOUR CURRENCY...MAKE SURE YOU KNOW WHO YOU ARE DEALING WITH. DO NOT TAKE PIC OF CURRENCY AND DO NOT PASS THEM ON TO ANYONE.
7-8-2019 Intel Guru MarkZ This weekend has been very slow for news until early this morning... I have...not had time to vet it all. I have some news I cannot say that makes me confident that at least the rest of the world will be going tomorrow and the US shortly after...although we still hope we all go together. ...Rumors from the banking side is we may see 800 numbers this afternoon. [Status on Redemption Centers today?] They did not work this weekend…but have reported to work bright and early today. Dong rate rumor I heard it will start at .47 at the street and float up to its final value of around $2.27. This should not effect those of us calling the 800 numbers. Rumored dinar rate are pretty fantastical...not sure I believe it...Contract rates $28 for the first 10 million...
7-8-2019 Newshound Guru chattels Article: "Distribution of the instruments of Article 140 on Kurdish families" The allocation /distribution of funds to Kurds under article 140 is part of the first phase in the process. There remains at least the requirements of a census and referendum. Article 140 involves three stages. The first, normalization, has a compensatory payment factor to it. The next two are a census and a referendum to determine inclusion in the KRG. There are reports of a census in 2020, but there is an argument over whether it is/ can be used as the article 140 census. It is possible that the recent news was about funding for the census. [Note: Article 140 is on the guru list of possible remaining to do's...you can see the full list in the Resource Bar on the left of this page.]
7-8-2019 Newshound Guru Whitelions Article: "Distribution of the instruments of Article 140 on Kurdish families" wooo hoooo...good news.
7-7-2019 Intel/Newshound Guru sandyf People should note that Iraq was effectively removed from UN Chapter 7 in 2013 when the Kuwait missing persons issue was transferred to Chapter 6. Quote: "the United Nations Security Council decided on 29 June to address the remaining question of missing Kuwaiti persons and property under Chapter VI, i.e. by peaceful means. Iraq’s only remaining Chapter VII obligation is the payment to Kuwait of 8.5 billion euros, which is to be completed in 2015 if Iraq maintains the current pace of reimbursements. The UNSC decision therefore closes, both literally and figuratively, a painful chapter in Iraq’s history" There are still Chapter 7 sanctions in place against Iraqi individuals and entities but that has no bearing on Iraq as a country.
7-7-2019 Newshound Guru MilitiaMan As at this stage...I don't think we have ever been in such a good place as we see now from what they CBI is telling us. They clearly state the positive effects of the reduction in the Iraqi Dinar is to be good for the global economy. They are telling us imo they have to raise the rate and in fact they go so far to state they made the decision to do so already. By doing a reduction in Iraqi Dinar (raising the value) they have to stop the auctions as we know them. That is flat out pressure, if not mainly saying get ready we have to now raise the rate internationally, as we decided to reduce the auctions to once a week by reducing the Iraqi Dinar. The CBI is talking powerfully with what they are saying...imo. [post 2 of 2]
7-7-2019 Newshound Guru MilitiaMan Article quotes: "...the reduction of the Iraqi dinar and its impact on the Iraqi economy, some describe this reduction as support for the global economy..."; "...there were comments from the audience and views and proposals on the decision to reduce the Iraqi dinar..." there is far more that I am excited about and for very good reason...imo. Here are a few of them [quotes] that clearly suggest they are raising the value of the IQD and not next year. They would implode from inflation. They are quitting the auctions thus, they have to raise the rate and pronto. Very clear and concise..imo. [post 1 of 2....stay tuned]
7-7-2019 Newshound Guru MilitiaMan As at this stage...I don't think we have ever been in such a good place as we see now from what they CBI is telling us. They clearly state the positive effects of the reduction in the Iraqi Dinar is to be good for the global economy. They are telling us imo they have to raise the rate and in fact they go so far to state they made the decision to do so already. By doing a reduction in Iraqi Dinar (raising the value) they have to stop the auctions as we know them. That is flat out pressure, if not mainly saying get ready we have to now raise the rate internationally, as we decided to reduce the auctions to once a week by reducing the Iraqi Dinar. The CBI is talking powerfully with what they are saying...imo. [post 2 of 2]
7-7-2019 Newshound Guru MilitiaMan Article quotes: "...the reduction of the Iraqi dinar and its impact on the Iraqi economy, some describe this reduction as support for the global economy..."; "...there were comments from the audience and views and proposals on the decision to reduce the Iraqi dinar..." there is far more that I am excited about and for very good reason...imo. Here are a few of them [quotes] that clearly suggest they are raising the value of the IQD and not next year. They would implode from inflation. They are quitting the auctions thus, they have to raise the rate and pronto. Very clear and concise..imo. [post 1 of 2....stay tuned]
7-6-2019 Newshound/Intel Guru RVAlready As soon as everyone quits inventing petty reasons for holding this up, and concentrated on the enormous benefits of getting this done, we will see prosperity. Hopefully, this is on the cusp of occurring.
7-6-2019 Newshound Guru chattels "The improvement in relations between the KRG and the federal government in Baghdad has created good conditions for foreign companies to invest ", Lutes said..." “We know that Iraq and the Kurdistan Region of Iraq are at a pivotal moment. We think it is an opportune time for American companies to be looking to come in to invest and do business...” I used to say that as Kurdistan goes, so goes our investment. What I meant and mean is that Baghdad - Erbil relations are key to socio-economic stability and a functional government, IMO. Does the foregoing article mean that we have arrived at such a point? No. but hope springs eternal.
7-6-2019 Newshound/Intel Guru Mnt Goat Article: "AMENDMENT OF THE BUDGET INCLUDES TAKING A PLEDGE FROM PRIME MINISTER ADEL ABDUL MAHDI TO RESOLVE THE POSITIONS OF PROXY BY OCT 1st." ...look at his deadline date – Oct 1st.
7-6-2019 Newshound Guru chattels "The improvement in relations between the KRG and the federal government in Baghdad has created good conditions for foreign companies to invest ", Lutes said..." “We know that Iraq and the Kurdistan Region of Iraq are at a pivotal moment. We think it is an opportune time for American companies to be looking to come in to invest and do business...” I used to say that as Kurdistan goes, so goes our investment. What I meant and mean is that Baghdad - Erbil relations are key to socio-economic stability and a functional government, IMO. Does the foregoing article mean that we have arrived at such a point? No. but hope springs eternal.
7-6-2019 Newshound/Intel Guru Mnt Goat Article: "AMENDMENT OF THE BUDGET INCLUDES TAKING A PLEDGE FROM PRIME MINISTER ADEL ABDUL MAHDI TO RESOLVE THE POSITIONS OF PROXY BY OCT 1st." ...look at his deadline date – Oct 1st.
7-5-2019 Newshound/Intel Guru Mnt Goat Article: "CBI ENCOURAGES BANKS IRAQ TO DEPLOY ELECTRONIC PAYMENT TOOLS REPRESENTED BY ATM AND POS" Note this article DOES NOT say that the lower denominations (1, 5,10,25,100,.25, .50, etc..) are now available in the ATMs.
7-5-2019 Intel Guru Eagleone2025 [via PDK] ...REMEMBER THIS IS A DAY BY DAY PROCESS. GOOD INTEL BAD INTEL... WE ARE WAITING TO HEAR FROM TREASURY... WHEN EVERYTHING IS IN PLACE THE RELEASE WILL COME.
7-5-2019 Intel Guru MarkZ [via PDK] So here we are sitting here all dressed up for the dance and the DJ hasn’t shown up. Rumors are they have punted us until Monday…Rumors that Redemption centers are manned all weekend…I am still hearing from Europe they are planning on exchanging on Tuesday. Just a lot of unsubstantiated rumors out there today.
7-5-2019 Newshound Guru MilitiaMan Article: "Deposit of intermediary companies" Quote: "...the necessity of only one deposit a week by companies mediating the sale and purchase of foreign currencies for the purpose of buying the dollar from the window of buying and selling foreign currency..." This is a slam dunk! The auctions have been stopped as we knew them as of today. Timing?
7-5-2019 Newshound/Intel Guru Mnt Goat So, we are waiting for them to announce the new governor of the CBI. Many sources believe this is needed before going ahead again on the project to delete the zeros, as least to the final stages we are looking for. My guess is this may be the case. Good news is that the CBI is pressuring now ALL the banks to start up their ATMs and use POS to conduct business instead of cash. We have known about this objective since 2011 so this is nothing new. However, to see the CBI really pushing this now may mean they are starting their last drive in this direction... This to me says the final part of the project to delete the zeros is underway.
7-5-2019 Intel Guru RayRen98 We did NOT receive 800 numbers nor any announcements of the RV. Some Call Centers were manned today ...just in case something "Big" happened. Reportedly, the sequestered banking staff were given the day off and told to return "first thing" in the morning [Friday]. Multiple rates are now being seen....to fit the situation...I suppose. ..."ain't gonna happen on a Friday" theory just might prove false...Time Will Tell.
7-5-2019 Intel Guru Eagleone2025 [via PDK] ...REMEMBER THIS IS A DAY BY DAY PROCESS. GOOD INTEL BAD INTEL... WE ARE WAITING TO HEAR FROM TREASURY... WHEN EVERYTHING IS IN PLACE THE RELEASE WILL COME.
7-5-2019 Intel Guru MarkZ [via PDK] So here we are sitting here all dressed up for the dance and the DJ hasn’t shown up. Rumors are they have punted us until Monday…Rumors that Redemption centers are manned all weekend…I am still hearing from Europe they are planning on exchanging on Tuesday. Just a lot of unsubstantiated rumors out there today.
7-5-2019 Newshound Guru MilitiaMan Article: "Deposit of intermediary companies" Quote: "...the necessity of only one deposit a week by companies mediating the sale and purchase of foreign currencies for the purpose of buying the dollar from the window of buying and selling foreign currency..." This is a slam dunk! The auctions have been stopped as we knew them as of today. Timing?
7-5-2019 Newshound/Intel Guru Mnt Goat So, we are waiting for them to announce the new governor of the CBI. Many sources believe this is needed before going ahead again on the project to delete the zeros, as least to the final stages we are looking for. My guess is this may be the case. Good news is that the CBI is pressuring now ALL the banks to start up their ATMs and use POS to conduct business instead of cash. We have known about this objective since 2011 so this is nothing new. However, to see the CBI really pushing this now may mean they are starting their last drive in this direction... This to me says the final part of the project to delete the zeros is underway.
7-5-2019 Intel Guru RayRen98 We did NOT receive 800 numbers nor any announcements of the RV. Some Call Centers were manned today ...just in case something "Big" happened. Reportedly, the sequestered banking staff were given the day off and told to return "first thing" in the morning [Friday]. Multiple rates are now being seen....to fit the situation...I suppose. ..."ain't gonna happen on a Friday" theory just might prove false...Time Will Tell.
7-4-2019 Intel Guru Eagleone2025 WE ARE IN A VERY GOOD POSITION I TALKED TO THREE BANKERS INCLUDING EXCHANGE BANKERS THAT HAS SAID WE ARE VERY CLOSE…BANKERS WORKING TOMORROW INTO WEEKEND ALL NEXT WEEK THEY ARE BEING TOLD TO MAN CENTERS...
7-4-2019 Intel Guru MarkZ [Are we getting 800 numbers today?] We will be watching closely today after the president speaks...hearing it could be anytime after...we will be enjoying the 4th celebrations and hope we get them today ...My contacts at Redemption centers will be working tomorrow… From Iraq- No new rates as of yet... [Rate]...for the dong I...expect between $.47 to $2 range...this is what makes sense to me.
7-4-2019 Newshound/Intel Guru Mnt Goat Article quote: "...the delegation of the Security Council, which visited Baghdad yesterday DID NOT DISCUSS THE ISSUE OF LIFTING IRAQ FROM CHAPTER VII." ...this is BIG...We just learned that Iraq is not “fully” out of Chapter VII. It is the provisions to repay Kuwait. But didn’t Kuwait accept a deal to repay with gas sent from Iraq? Isn’t Iraq even building a pipeline to do so? So we see all of this must be recognized still by the UN security council and they voted on to lift “all” of Chapter VII sanctions. So yes, this could be part of the holdup in letting the reinstatement go. But why are they bringing this up now? They are bringing this up now because the Sadr movement want to move ahead and do the reinstatement and get the CBI to complete the project to delete the zeros. Not wait any longer… But there are pieces to this that still must be clean up.
7-4-2019 Intel/Newshound sandyf The IQD is an Article 14 currency, so where does out of Article 8 come into it. Iraq needs to move to Article 8 for the IQD to gain guaranteed redemption and become internationally recognized. This move would make the currency Partially Convertible, a currency has to be heavily involved in international trade for many years to be recognized as Fully Convertible. Article 14 currencies change value all the time but they are not traded on the lower forex markets only the higher corporate levels. Companies that do handle Article 14 currencies do so at their own risk.
7-4-2019 Intel Guru MarkZ [Are we getting 800 numbers today?] We will be watching closely today after the president speaks...hearing it could be anytime after...we will be enjoying the 4th celebrations and hope we get them today ...My contacts at Redemption centers will be working tomorrow… From Iraq- No new rates as of yet... [Rate]...for the dong I...expect between $.47 to $2 range...this is what makes sense to me.
7-4-2019 Newshound/Intel Guru Mnt Goat Article quote: "...the delegation of the Security Council, which visited Baghdad yesterday DID NOT DISCUSS THE ISSUE OF LIFTING IRAQ FROM CHAPTER VII." ...this is BIG...We just learned that Iraq is not “fully” out of Chapter VII. It is the provisions to repay Kuwait. But didn’t Kuwait accept a deal to repay with gas sent from Iraq? Isn’t Iraq even building a pipeline to do so? So we see all of this must be recognized still by the UN security council and they voted on to lift “all” of Chapter VII sanctions. So yes, this could be part of the holdup in letting the reinstatement go. But why are they bringing this up now? They are bringing this up now because the Sadr movement want to move ahead and do the reinstatement and get the CBI to complete the project to delete the zeros. Not wait any longer… But there are pieces to this that still must be clean up.
7-4-2019 Intel/Newshound sandyf The IQD is an Article 14 currency, so where does out of Article 8 come into it. Iraq needs to move to Article 8 for the IQD to gain guaranteed redemption and become internationally recognized. This move would make the currency Partially Convertible, a currency has to be heavily involved in international trade for many years to be recognized as Fully Convertible. Article 14 currencies change value all the time but they are not traded on the lower forex markets only the higher corporate levels. Companies that do handle Article 14 currencies do so at their own risk.
7-3-2019 Intel Guru MarkZ A lot of folks are saying we are at high alert... everywhere...I'm pretty excited at where we are at. We have heard 800 numbers may be out after Trump makes his announcements tomorrow. One exchange center is on call tomorrow and the others are being told to come to work Friday and Saturday Morning. Everyone worldwide seem to be very excited for President Trumps Announcements tomorrow.
7-3-2019 Newshound Guru Adam Montana I hope you understand how huge this is for Iraq. They are one of the founding members of OPEC. The 2nd largest producer in the group. Iraq is agreeing to support these cuts. But they did not agree to join the group in their cuts. This gives Iraq carte blanche - complete freedom - to increase their production on a moment's notice, revalue their currency, and corner the market while they rake in cash to cover their "expenses". They may be operating on an increased production as we speak, stocking up hidden stores of oil in preparation for a huge push to bring in a massive amount of capital to cover the RV. There is more than one way to skin a cat, as they say, and that's just one aspect. The above is certainly an oversimplification of the big picture, but the fact remains - Iraq is nodding in agreement with the cuts, but they have never committed to it. NOT. ONE. TIME. [post 3 of 3]
7-3-2019 Newshound Guru Adam Montana Iraq is noted as the second largest producer... wait, what? We're talking about BLACK GOLD here, one of the most valuable commodities on the planet. And Iraq is #2... yet the currency they use is currently over 1000X weaker than the US dollar. Collectively, OPEC nations have over 80% of the world's known oil reserves... yet Iraq, the 2nd largest producer in that group, has a currency that would require 2000 pieces of it to buy a loaf of bread at your corner store. OPEC as a group agreed to keep oil production low, to stimulate oil prices. The majority of the members placed their name on the list of participants in this endeavor when it was originally voted on. The majority of the members did that... Iraq specifically did NOT. [post 2 of 3....stay tuned
7-3-2019 Newshound Guru Adam Montana Interesting times right now. GOI members are playing very nicely... The G20 didn't produce any immediately exciting news that I've ran across, but it didn't bring us anything bad either. Back in the news, and worth a review, is the current OPEC agreement. Article: "OPEC deal important for oil market stability: Iraqi PM" Important notes in that article: 1. Iraq is the 2nd largest oil producer in OPEC. (Does it make sense that it's currency is valued so low?) 2. The production limitation agreement has been extended for 9 months - to boost the price of oil, rather than overproduce and drive the prices down. The amount of time the agreement has been extended isn't as important as the mere fact that it IS extended. Oil is hovering just under that $60 mark, and the stability is a great thing. Stable oil prices = comfortable accountants = solid footing to RV. (Yes, the accountants have a say!) [post 1 of 3....stay tuned]
7-3-2019 Intel Guru Eagleone2025 ...MY BANKING SOURCES HAVE TOLD ME THIS VERY CLOSE...
7-3-2019 Intel Guru MarkZ [via PDK] We are still hearing from banking sources that they are expecting to get this out the door the week of the 4th...which we are in the middle of and also still hearing they expect to start exchanges on Friday...My people at redemption centers say they are not working on Thursday...so none of them are expecting anything until Friday... I have no idea why Iraq doesn’t just go ahead and RV without everyone else...they are done…they are ready...If I were them I would just do it.
7-3-2019 Intel Guru Bruce [via PinkRoses] ...We know that in Iraq, Iraq has a $7 rate on their screens which we believe is an in-country rate and possibly an International rate, but our rate here should be higher...I think it will be better than we thought... ...in the morning [Wednesday], they will announce and have their rate in place. ...I believe what I am hearing...that we are looking good for toll-free numbers possibly to come out tomorrow [Wednesday]...I got essentially 3 confirmations that are saying 800 numbers tomorrow...I have a really good sense we are really right on this. I am not calling it, but I am telling you we are going to get this in the next day or so.
7-3-2019 Newshound Guru EHankins Frank26 quote: "IMO ... MAYBE ON THE 4TH ... T [Trunp ?]MAY IGNITE OUR CURRENCY AS WELL" IMO... this possibility does not surprise me at all...
7-3-2019 Newshound Guru Adam Montana I hope you understand how huge this is for Iraq. They are one of the founding members of OPEC. The 2nd largest producer in the group. Iraq is agreeing to support these cuts. But they did not agree to join the group in their cuts. This gives Iraq carte blanche - complete freedom - to increase their production on a moment's notice, revalue their currency, and corner the market while they rake in cash to cover their "expenses". They may be operating on an increased production as we speak, stocking up hidden stores of oil in preparation for a huge push to bring in a massive amount of capital to cover the RV. There is more than one way to skin a cat, as they say, and that's just one aspect. The above is certainly an oversimplification of the big picture, but the fact remains - Iraq is nodding in agreement with the cuts, but they have never committed to it. NOT. ONE. TIME. [post 3 of 3]
7-3-2019 Newshound Guru Adam Montana Iraq is noted as the second largest producer... wait, what? We're talking about BLACK GOLD here, one of the most valuable commodities on the planet. And Iraq is #2... yet the currency they use is currently over 1000X weaker than the US dollar. Collectively, OPEC nations have over 80% of the world's known oil reserves... yet Iraq, the 2nd largest producer in that group, has a currency that would require 2000 pieces of it to buy a loaf of bread at your corner store. OPEC as a group agreed to keep oil production low, to stimulate oil prices. The majority of the members placed their name on the list of participants in this endeavor when it was originally voted on. The majority of the members did that... Iraq specifically did NOT. [post 2 of 3....stay tuned
7-3-2019 Newshound Guru Adam Montana Interesting times right now. GOI members are playing very nicely... The G20 didn't produce any immediately exciting news that I've ran across, but it didn't bring us anything bad either. Back in the news, and worth a review, is the current OPEC agreement. Article: "OPEC deal important for oil market stability: Iraqi PM" Important notes in that article: 1. Iraq is the 2nd largest oil producer in OPEC. (Does it make sense that it's currency is valued so low?) 2. The production limitation agreement has been extended for 9 months - to boost the price of oil, rather than overproduce and drive the prices down. The amount of time the agreement has been extended isn't as important as the mere fact that it IS extended. Oil is hovering just under that $60 mark, and the stability is a great thing. Stable oil prices = comfortable accountants = solid footing to RV. (Yes, the accountants have a say!) [post 1 of 3....stay tuned]
7-3-2019 Intel Guru Eagleone2025 ...MY BANKING SOURCES HAVE TOLD ME THIS VERY CLOSE...
7-3-2019 Intel Guru MarkZ [via PDK] We are still hearing from banking sources that they are expecting to get this out the door the week of the 4th...which we are in the middle of and also still hearing they expect to start exchanges on Friday...My people at redemption centers say they are not working on Thursday...so none of them are expecting anything until Friday... I have no idea why Iraq doesn’t just go ahead and RV without everyone else...they are done…they are ready...If I were them I would just do it.
7-3-2019 Intel Guru Bruce [via PinkRoses] ...We know that in Iraq, Iraq has a $7 rate on their screens which we believe is an in-country rate and possibly an International rate, but our rate here should be higher...I think it will be better than we thought... ...in the morning [Wednesday], they will announce and have their rate in place. ...I believe what I am hearing...that we are looking good for toll-free numbers possibly to come out tomorrow [Wednesday]...I got essentially 3 confirmations that are saying 800 numbers tomorrow...I have a really good sense we are really right on this. I am not calling it, but I am telling you we are going to get this in the next day or so.
7-3-2019 Newshound Guru EHankins Frank26 quote: "IMO ... MAYBE ON THE 4TH ... T [Trunp ?]MAY IGNITE OUR CURRENCY AS WELL" IMO... this possibility does not surprise me at all...
7-2-2019 Intel Guru footforward Everything is lining up for exactly what I expected when it's RV time. I've said for years it would be absolute chaos. Wars. Looking like the end of time. This is going to happen...
7-2-2019 Newshound Guru Whitelions ...they DO NOT NEED TO BE OUT OF IT [Article 8] TO GAIN VALUE IN THE DINAR did I say that loud enough...if they did they would not have done all the stuff they have done so far they would have taken care of that already...
7-2-2019 Intel Guru MarkZ A tremendous amount of things happened overnight...a lot of positioning happened...Based on the action happening right now...we may see “Value Day” very, very soon. Maybe as soon as late today or tomorrow. Value Day means “800 number day” ...they should happen moments from each other. What makes the most sense to me and some good sources is 800 numbers by tomorrow and appointments start on Friday...IMO. Iraq does not have the new rate...yet. [I’ve heard that there’s only 2 rates for the Dinar 1) Within 15 cents of the Kuwaiti Dinar 2) $28.50 contract rate...!] I have heard the same thing from several different sources...so that may be true...I would be beyond excited if this is true. [What is the status of the Redemption Centers] They are staffed this week…at least the ones I know personally...except on the 4th...but they are waiting to exchange us still this week...
7-2-2019 Intel Guru Frank26 Article: "The new salary scale will be within the 2020 budget" Quote: "The salary scale will come into effect through the 2020 budget, which can not be implemented at the present time because of the lack of financial allocations within this year's budget," IMO...MAYBE ON THE 4TH...T [TRUMP ?] MAY IGNITE OUR CURRENCY AS WELL.
7-2-2019 Newshound/Intel Guru Mnt Goat The PM still needs to get the education minister ratified by the parliament and this is still scheduled for this week to be completed, maybe a vote today.
7-2-2019 Newshound Guru Whitelions ...they DO NOT NEED TO BE OUT OF IT [Article 8] TO GAIN VALUE IN THE DINAR did I say that loud enough...if they did they would not have done all the stuff they have done so far they would have taken care of that already...
7-2-2019 Intel Guru MarkZ A tremendous amount of things happened overnight...a lot of positioning happened...Based on the action happening right now...we may see “Value Day” very, very soon. Maybe as soon as late today or tomorrow. Value Day means “800 number day” ...they should happen moments from each other. What makes the most sense to me and some good sources is 800 numbers by tomorrow and appointments start on Friday...IMO. Iraq does not have the new rate...yet. [I’ve heard that there’s only 2 rates for the Dinar 1) Within 15 cents of the Kuwaiti Dinar 2) $28.50 contract rate...!] I have heard the same thing from several different sources...so that may be true...I would be beyond excited if this is true. [What is the status of the Redemption Centers] They are staffed this week…at least the ones I know personally...except on the 4th...but they are waiting to exchange us still this week...
7-2-2019 Intel Guru Frank26 Article: "The new salary scale will be within the 2020 budget" Quote: "The salary scale will come into effect through the 2020 budget, which can not be implemented at the present time because of the lack of financial allocations within this year's budget," IMO...MAYBE ON THE 4TH...T [TRUMP ?] MAY IGNITE OUR CURRENCY AS WELL.
7-2-2019 Newshound/Intel Guru Mnt Goat The PM still needs to get the education minister ratified by the parliament and this is still scheduled for this week to be completed, maybe a vote today.
7-1-2019 Intel Guru MarkZ Iraq does not have a new live rate on the streets as of yet. We are still at high alert...but news is all over the place...I still think it’s a perfect storm for this RV/GCR to happen at anytime...banks are failing everywhere...they have to get this reset out the door now. [Has the live rate been established?] I was told it has.
7-1-2019 Newshound/Intel Guru Mnt Goat Article: "LAUNCH OF THE MASTER CARD AFTER PROVIDING ELECTRONIC SHOPPING TO LOCAL AND INTERNATIONAL MARKETS" So any new international credit/debit card will need FOREX to find the rate first when converting to the country’s currency you are in when outside the country thus international. This is how it works. ...So the questions is this - will they have the new reinstated rate on FOREX shortly for these cards to work internationally?
7-1-2019 Newshound/Intel Guru RVAlready I suspect that Trump has signed off on the RV, and turned it over to the treasury. ...the big international treasurers meeting in Iraq today. I do not expect anything that could tip anyone off that this is happening. Clearly, those running the show want minimum exposure. Hopefully, as with Kuwait, the average person will never know there was an RV.
7-1-2019 Newshound/Intel Guru Mnt Goat 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 while maintaining the stability of inflation in the country” this means to put the dinar on a float. To do this means reinstating the dinar on FOREX. Quote: “The Commission is DETERMINED TO MAKE THESE CHANGES DURING THE NEXT PHASE and NOT TO FOLLOW THE TRADITIONAL METHODS ARE NOT APPROPRIATE AT THE MOMENT.” “TRADITIONAL” means the current currency auctions will go away as they use today.
7-1-2019 Newshound/Intel Guru Mnt Goat Article: "LAUNCH OF THE MASTER CARD AFTER PROVIDING ELECTRONIC SHOPPING TO LOCAL AND INTERNATIONAL MARKETS" So any new international credit/debit card will need FOREX to find the rate first when converting to the country’s currency you are in when outside the country thus international. This is how it works. ...So the questions is this - will they have the new reinstated rate on FOREX shortly for these cards to work internationally?
7-1-2019 Newshound/Intel Guru RVAlready I suspect that Trump has signed off on the RV, and turned it over to the treasury. ...the big international treasurers meeting in Iraq today. I do not expect anything that could tip anyone off that this is happening. Clearly, those running the show want minimum exposure. Hopefully, as with Kuwait, the average person will never know there was an RV.
7-1-2019 Newshound/Intel Guru Mnt Goat 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 while maintaining the stability of inflation in the country” this means to put the dinar on a float. To do this means reinstating the dinar on FOREX. Quote: “The Commission is DETERMINED TO MAKE THESE CHANGES DURING THE NEXT PHASE and NOT TO FOLLOW THE TRADITIONAL METHODS ARE NOT APPROPRIATE AT THE MOMENT.” “TRADITIONAL” means the current currency auctions will go away as they use today.
6-30-2019 Newshound/Intel Guru RVAlready If
that update is true, it means the RV has been signed off by Trump, The queen of
England, the PM of Iraq, and the head of the IMF. [reference Guru
RayRen98 post 6-30-2019.]
6-30-2019 Newshound Guru MilitiaMan Article: "Al-Shamma: Administrative stability raises the financial sector" Quote: "...in order to stabilize the monetary policy we need stability of the administration, and here we can indicate the stability of exchange rates in Iraq during the past years..." Fairly sure this one has the making of the blessing from or of the UST to go ahead and tell the world via media your coming out from under the final sanctions and you have our blessing to raise the rate..
6-30-2019 Intel Guru Delta ...LET ME TELL YOU A STORY...ONCE UPON A TIME A LITTLE BIRDY TOLD ME CHRISTMAS WILL BE IN JULY...THAT WAS THE END OF THE STORY...
6-30-2019 Newshound/Intel Guru RVAlready It is logical for this to happen tomorrow - June 30. It is the end of the quarter, and no US or European banks are open. So, they close the month at one rate, and open the new month at a new rate. Nice and clean for everyone.
6-30-2019 Intel Guru RayRen98 Monday's Parliament session should yield the confirmation of the Minister of Education. A "special" meeting with the CBI is planned for Sunday in Iraq. The following are expected to be in attendance: the former Financial Minister, the US Treasury Secretary, the UK Treasury Secretary, Dr. Shabibi and representatives from the IMF and the World Bank. [hmmmm, I wonder what THAT could be about?] ...Some US banks are anticipating release of 800 numbers on Sunday for the purpose of making appointments for Monday. The "skuttle butt" is rapidly spreading across the community...Time Will Tell if they are "finally" correct this time. Some banking employees are being told to report to work on Sunday...[huh???] I'm liking this.
6-30-2019 Newshound Guru MilitiaMan Article: "Al-Shamma: Administrative stability raises the financial sector" Quote: "...in order to stabilize the monetary policy we need stability of the administration, and here we can indicate the stability of exchange rates in Iraq during the past years..." Fairly sure this one has the making of the blessing from or of the UST to go ahead and tell the world via media your coming out from under the final sanctions and you have our blessing to raise the rate..
6-30-2019 Intel Guru Delta ...LET ME TELL YOU A STORY...ONCE UPON A TIME A LITTLE BIRDY TOLD ME CHRISTMAS WILL BE IN JULY...THAT WAS THE END OF THE STORY...
6-30-2019 Newshound/Intel Guru RVAlready It is logical for this to happen tomorrow - June 30. It is the end of the quarter, and no US or European banks are open. So, they close the month at one rate, and open the new month at a new rate. Nice and clean for everyone.
6-30-2019 Intel Guru RayRen98 Monday's Parliament session should yield the confirmation of the Minister of Education. A "special" meeting with the CBI is planned for Sunday in Iraq. The following are expected to be in attendance: the former Financial Minister, the US Treasury Secretary, the UK Treasury Secretary, Dr. Shabibi and representatives from the IMF and the World Bank. [hmmmm, I wonder what THAT could be about?] ...Some US banks are anticipating release of 800 numbers on Sunday for the purpose of making appointments for Monday. The "skuttle butt" is rapidly spreading across the community...Time Will Tell if they are "finally" correct this time. Some banking employees are being told to report to work on Sunday...[huh???] I'm liking this.
6-28-2019 *** Dinar Guru Newsflash *** PM Mahdi sent a new name for the Minister of Education to be voted on by parliament . Unfortunately, this person was denied. This means the government is still not officially formed. What's not completely clear at this point is whether Mahdi included a name to parliament for a permanent Central Bank of Iraq governor. The name being reported is Ali Abdul Allawi. There was intel about a possible change at the CBI several months back...now it appears a change may be near. Stay tuned as the gurus chime in on this surprising news. The latest guru posts will continue below...
6-29-2019 Intel/Newshound Guru tman23 ...I posted month or so ago about replacing the CBI governor...that doesn't come until September 28th so ignore all the other chatter... I told you this was happening month ago and now you are seeing it in print...
6-29-2019 Newshound Guru MilitiaMan ...The amount of data that supports this going sooner than later is imo as blatant as it gets. Take the UN for instance. They came to Iraq for a meeting that is the first of it's kind and affirms support for her sovereignty...With that sovereignty comes her currency. I have a hard time believing they showed up for a historic event to tell the world Iraq is international now at a program rate still...I am sure they are not celebrating today and tomorrow about lifting the last barrier to be a piece of concrete. Symbolic as it may be, but, lifting the barriers on the sovereignty of Iraq and her currency is far more likely and far more symbolic globally...
6-29-2019 Newshound Guru larrykn ...Iraq has never said they were going to do the RV next year, they never said anything about the RV. Its just what needs to take place for them to do it is the question, which IMO could happen anytime they feel they are ready. They seem to have been moving forward a lot lately so time will tell...I don't care where they start at or how, just do it...seem to me they have got a lot done that I thought they need to get done but I still feel some Laws need passing, which hasn't happen yet...
6-29-2019 Intel/Newshound Guru tman23 ...couple days to July 1 G20 in Japan where the issd board meets and sets precedence ...Sept 28 2011 is when Abadi as the chairman of finance committee made an announcement that the 3 zeros were set to be lifted at the start of the new year. he made another around October 8 which spoke on providing the new lower notes were available..... Soon after CBI governor Shabbibi was in Japan at the issd meeting (this was noted a attending a convention)..... IMO from research and info this is where the MAGIC happens... Maliki placed the warrant for Shabibi while he was in Japan never to return to Iraq again... So what is happening now is very interesting !!!
6-29-2019 Newshound Guru G-Lin ...The IMF Art. IV report is due out in July. It should give some good info.
6-29-2019 Intel Guru Footforward People keep asking when the dinar will revalue. I keep hearing over and over it's time. Be hopeful. Now is not a time to be cynical.
6-29-2019 Newshound/Intel Guru Mnt Goat So parliament is now into their 2nd legislative term. Didn’t they tell us they wanted to complete the project to delete the zeros during the current or 1st legislative term? Here we sit with still no reinstatement. But remember this is not a simple process of flipping a switch and so it may still very well be in the making soon. Just relax and let’s see what happens in the coming week.
6-29-2019 Intel Guru MarkZ [via PDK] There have been many RV’s over the years starting with Germany and Japan after world war 2. They have happened many times throughout the years...many of you remember Kuwait. Its just we never had the internet before and its never been this widespread. Remember Warren buffet invested 17 million in the Iraqi dinar years ago...and he said that he felt the Dinar was a good long term investment...so this is real...
6-29-2019 Newshound Guru MilitiaMan ...The amount of data that supports this going sooner than later is imo as blatant as it gets. Take the UN for instance. They came to Iraq for a meeting that is the first of it's kind and affirms support for her sovereignty...With that sovereignty comes her currency. I have a hard time believing they showed up for a historic event to tell the world Iraq is international now at a program rate still...I am sure they are not celebrating today and tomorrow about lifting the last barrier to be a piece of concrete. Symbolic as it may be, but, lifting the barriers on the sovereignty of Iraq and her currency is far more likely and far more symbolic globally...
6-29-2019 Newshound Guru larrykn ...Iraq has never said they were going to do the RV next year, they never said anything about the RV. Its just what needs to take place for them to do it is the question, which IMO could happen anytime they feel they are ready. They seem to have been moving forward a lot lately so time will tell...I don't care where they start at or how, just do it...seem to me they have got a lot done that I thought they need to get done but I still feel some Laws need passing, which hasn't happen yet...
6-29-2019 Intel/Newshound Guru tman23 ...couple days to July 1 G20 in Japan where the issd board meets and sets precedence ...Sept 28 2011 is when Abadi as the chairman of finance committee made an announcement that the 3 zeros were set to be lifted at the start of the new year. he made another around October 8 which spoke on providing the new lower notes were available..... Soon after CBI governor Shabbibi was in Japan at the issd meeting (this was noted a attending a convention)..... IMO from research and info this is where the MAGIC happens... Maliki placed the warrant for Shabibi while he was in Japan never to return to Iraq again... So what is happening now is very interesting !!!
6-29-2019 Newshound Guru G-Lin ...The IMF Art. IV report is due out in July. It should give some good info.
6-29-2019 Intel Guru Footforward People keep asking when the dinar will revalue. I keep hearing over and over it's time. Be hopeful. Now is not a time to be cynical.
6-29-2019 Newshound/Intel Guru Mnt Goat So parliament is now into their 2nd legislative term. Didn’t they tell us they wanted to complete the project to delete the zeros during the current or 1st legislative term? Here we sit with still no reinstatement. But remember this is not a simple process of flipping a switch and so it may still very well be in the making soon. Just relax and let’s see what happens in the coming week.
6-29-2019 Intel Guru MarkZ [via PDK] There have been many RV’s over the years starting with Germany and Japan after world war 2. They have happened many times throughout the years...many of you remember Kuwait. Its just we never had the internet before and its never been this widespread. Remember Warren buffet invested 17 million in the Iraqi dinar years ago...and he said that he felt the Dinar was a good long term investment...so this is real...
6-28-2019 Intel Guru RayRen98 Thursday Morning Update: Ali Allawi is announced as the new Governor of the CBI. The Minster of Education was rejected...new names are to be submitted. Thursday Afternoon Update: Parliament has received a candidate name for the Minister of Education position, it is anticipated to pass on Saturday. Parliament alleges that naming the new CBI governor will be delayed 3 months. A person attending a private exchange meeting for a "determined date" learned of the following screen rates....Dinar $3.65; Dong $1.25...Some bank employees are being informed to plan to "work" on Saturday (when they usually don't). Some banks are expecting a large influx of "banking services" activity in the coming days.
6-28-2019 Newshound Guru larrykn Iraq has never said they were going to do the RV next year, they never said anything about the RV. Its just what needs to take place for them to do it is the question, which IMO could happen anytime they feel they are ready. They seem to have been moving forward a lot lately so time will tell...
6-28-2019 Intel Guru MarkZ [via PDK] Some contacts are saying nothing happening now until Sunday. If it doesn’t happen by about noon today I think they may be right. We hear there is a lot of ultimatums given for it to happen now... Bottom line right now folks we are at the perfect storm at the perfect place. We are at the point now where they have to do one of two things. They have to implode and we get the reset or they have to pull the trigger to reset before it implodes...My treasury contact seems to think it’s going to be on Sunday. This reset is soup…it’s on the stove ready to serve. We still hear Trump wants it done by the 4th...or so...
6-28-2019 Intel Guru Bruce [via PinkRoses] ...Now we know that when President Trump left...for Osaka, Japan, we know he was in a pretty good mood I understand regarding where everything was on our blessing. ...I believe ...it is possible this blessing is even intergated somehow into the Chinese Trade Agreement. ...I am not quite sure how it would manifest in there. I think that is really possible. I have been told that the toll-free numbers should be a daytime event as well as exchanges starting as a daytime event...I think it is very possible we get called...meaning me with numbers. I think we can set our appointments and start tomorrow [Friday]...I believe tomorrow [Friday] is a deadline, a backwall, of some sort. So, rates are off the screens front and back. They will come back up in the morning [Friday], and I believe that everything will be good to go. I am excited about that.
6-28-2019 Intel Guru Eagleone2025 IT IS LOOKING VERY GOOD...I CAN SAY A LOT OF GOOD THINGS ARE HAPPENING...
6-28-2019 Newshound Guru Breitling ...When I first got into this investment from the reports I got...I thought it was going to revalue at 12 cents. That was the highest it was going to go. This was in the very very early stages. So that's how I bought my dinar based on that. Then later on down the road they started saying hey, "we want it to come in at $1.18. Eventually we want it at $3.25." Understanding in my mind that it's going to be a process that it's not gonna be boom its gonna revalue. They specifically said it's going to be a process. I believed in it and I still do believe in it...
6-28-2019 Newshound Guru larrykn Iraq has never said they were going to do the RV next year, they never said anything about the RV. Its just what needs to take place for them to do it is the question, which IMO could happen anytime they feel they are ready. They seem to have been moving forward a lot lately so time will tell...
6-28-2019 Intel Guru MarkZ [via PDK] Some contacts are saying nothing happening now until Sunday. If it doesn’t happen by about noon today I think they may be right. We hear there is a lot of ultimatums given for it to happen now... Bottom line right now folks we are at the perfect storm at the perfect place. We are at the point now where they have to do one of two things. They have to implode and we get the reset or they have to pull the trigger to reset before it implodes...My treasury contact seems to think it’s going to be on Sunday. This reset is soup…it’s on the stove ready to serve. We still hear Trump wants it done by the 4th...or so...
6-28-2019 Intel Guru Bruce [via PinkRoses] ...Now we know that when President Trump left...for Osaka, Japan, we know he was in a pretty good mood I understand regarding where everything was on our blessing. ...I believe ...it is possible this blessing is even intergated somehow into the Chinese Trade Agreement. ...I am not quite sure how it would manifest in there. I think that is really possible. I have been told that the toll-free numbers should be a daytime event as well as exchanges starting as a daytime event...I think it is very possible we get called...meaning me with numbers. I think we can set our appointments and start tomorrow [Friday]...I believe tomorrow [Friday] is a deadline, a backwall, of some sort. So, rates are off the screens front and back. They will come back up in the morning [Friday], and I believe that everything will be good to go. I am excited about that.
6-28-2019 Intel Guru Eagleone2025 IT IS LOOKING VERY GOOD...I CAN SAY A LOT OF GOOD THINGS ARE HAPPENING...
6-28-2019 Newshound Guru Breitling ...When I first got into this investment from the reports I got...I thought it was going to revalue at 12 cents. That was the highest it was going to go. This was in the very very early stages. So that's how I bought my dinar based on that. Then later on down the road they started saying hey, "we want it to come in at $1.18. Eventually we want it at $3.25." Understanding in my mind that it's going to be a process that it's not gonna be boom its gonna revalue. They specifically said it's going to be a process. I believed in it and I still do believe in it...
6-27-2019 Intel Guru MarkZ We are in 2 windows right now...From tonight until midday tomorrow...if it doesn’t go by then –the second window starts on Sunday...Iraq does not have a new rate as of 2 hours ago. ...we are in the perfect storm right now...this is minute to minute and we are in it to win it.
6-27-2019 Intel Guru Frank26 Article: "Vietnam : Positive economic climate attracts businesses" ...WHAT TRUMP DID WITH CHINA AND IRAQ (MONSTER OIL DEAL)...OPENED...THE DOOR TO VIETNAM'S DONG BIG TIME... BRILLIANT!
6-27-2019 Newshound/Intel Guru Mnt Goat I was also told that this week the Mahdi government could try to replace Ali Mohsen Al-Allaq as the director of the CBI since his position is still seen as a proxy one going back to former PM Nori al-Maliki days. This also stems from the currency auction corruption and the failure to complete the currency reform project. We will wait and see what happens on these other proxy positions. They need to make his position permanent and announce it if he is going to stay.
6-27-2019 Intel Guru Delta Article: "...While the second document that he was nominated Ali Abdul Amir Allawi for the post of Governor of the Central Bank..." THERE IT'S IN PRINT ..NEW CBI GOV NAME TO BE APPROVED BY PARLIAMENT.
6-27-2019 Intel Guru MarkZ [via PDK] ...We are hearing things went live at 4:30 AM in Asia and expecting it to be moving our direction. In Zurich - they have not gone in yet but have big expectations. My contact in Reno was up early…6am...He is waiting in a conference room right now to “go”... Big expectations today is the day...they cant afford not to be on “alert”... Historically Thursdays are a very good day for Revaluations. In Iraq- as of 9 am this morning Iraq did not have a new rate. At least the people on the street don’t have it... Last rumored street rates we are hearing was $3.62 in Iraq…We are at the edge…it’s painful how close we are...I plan to have some kind of update tonight…we are that close...
6-27-2019 Newshound/Intel Guru Mnt Goat Once these three minister positions were filled, I contacted my CBI source. I was told that there are some very important people now in Baghdad or coming this week and there is going to be a largely attended financial meeting with the CBI. Those attending include the former financial minster, US and UK Treasury Sec, Dr. Shabibi, IMF rep and a World Bank Rep. What do you think they will be discussing? ...I was told they do plan to move ahead with the “project to delete the zeros” this year and sooner rather than later. This is all I could get out of my source.
6-27-2019 Newshound Guru Breitling Question [Would Iraq joining the WTO have any impact on the revaluation?] ...Maybe not the date it's going to revalue but the speed on which the dinar is going to gain value absolutely 100%...huge deal for them to be part of the WTO...If Iraq can join the WTO and western companies can go to Iraq and have no fear it's going to be phenomenal...
6-27-2019 Newshound Guru G-Lin Article: "The House of Representatives votes not to give confidence to the candidate Zahida Abdullah Mohammed, Minister of Education"
6-27-2019 Intel Guru MarkZ We are getting a lot of news they jumped the gun in Brazil and Hong Kong and that there may be a street rate in Iraq of $3.62. ...My contractor at a power plant was quoted a bit higher rate last month... [How did they jump the gun? What does that mean?] they have jumped the gun with some exchanges...not all... We hope to know more by morning [Thursday]...We are on the edge of our seats...we could go tonight or we could go tomorrow [Thursday] i don’t think we will make past this week for the RV.
6-27-2019 Intel Guru Frank26 Article: "Vietnam : Positive economic climate attracts businesses" ...WHAT TRUMP DID WITH CHINA AND IRAQ (MONSTER OIL DEAL)...OPENED...THE DOOR TO VIETNAM'S DONG BIG TIME... BRILLIANT!
6-27-2019 Newshound/Intel Guru Mnt Goat I was also told that this week the Mahdi government could try to replace Ali Mohsen Al-Allaq as the director of the CBI since his position is still seen as a proxy one going back to former PM Nori al-Maliki days. This also stems from the currency auction corruption and the failure to complete the currency reform project. We will wait and see what happens on these other proxy positions. They need to make his position permanent and announce it if he is going to stay.
6-27-2019 Intel Guru Delta Article: "...While the second document that he was nominated Ali Abdul Amir Allawi for the post of Governor of the Central Bank..." THERE IT'S IN PRINT ..NEW CBI GOV NAME TO BE APPROVED BY PARLIAMENT.
6-27-2019 Intel Guru MarkZ [via PDK] ...We are hearing things went live at 4:30 AM in Asia and expecting it to be moving our direction. In Zurich - they have not gone in yet but have big expectations. My contact in Reno was up early…6am...He is waiting in a conference room right now to “go”... Big expectations today is the day...they cant afford not to be on “alert”... Historically Thursdays are a very good day for Revaluations. In Iraq- as of 9 am this morning Iraq did not have a new rate. At least the people on the street don’t have it... Last rumored street rates we are hearing was $3.62 in Iraq…We are at the edge…it’s painful how close we are...I plan to have some kind of update tonight…we are that close...
6-27-2019 Newshound/Intel Guru Mnt Goat Once these three minister positions were filled, I contacted my CBI source. I was told that there are some very important people now in Baghdad or coming this week and there is going to be a largely attended financial meeting with the CBI. Those attending include the former financial minster, US and UK Treasury Sec, Dr. Shabibi, IMF rep and a World Bank Rep. What do you think they will be discussing? ...I was told they do plan to move ahead with the “project to delete the zeros” this year and sooner rather than later. This is all I could get out of my source.
6-27-2019 Newshound Guru Breitling Question [Would Iraq joining the WTO have any impact on the revaluation?] ...Maybe not the date it's going to revalue but the speed on which the dinar is going to gain value absolutely 100%...huge deal for them to be part of the WTO...If Iraq can join the WTO and western companies can go to Iraq and have no fear it's going to be phenomenal...
6-27-2019 Newshound Guru G-Lin Article: "The House of Representatives votes not to give confidence to the candidate Zahida Abdullah Mohammed, Minister of Education"
6-27-2019 Intel Guru MarkZ We are getting a lot of news they jumped the gun in Brazil and Hong Kong and that there may be a street rate in Iraq of $3.62. ...My contractor at a power plant was quoted a bit higher rate last month... [How did they jump the gun? What does that mean?] they have jumped the gun with some exchanges...not all... We hope to know more by morning [Thursday]...We are on the edge of our seats...we could go tonight or we could go tomorrow [Thursday] i don’t think we will make past this week for the RV.
6-26-2019 Newshound Guru Adam Montana Even though Iraq isn't technically "present", it's not difficult to understand that anytime oil, money, gold or gifts leave Iraq - they are touched by one or more of those major players listed above. For Iraq to be successful in raising the value of their currency, they need to be able to operate their business, and the G20 Summit will have an effect on how the global money game is played for the next year. Once the Summit has concluded, Iraq may change their tactics slightly, but most importantly they will be free to make a decision and act accordingly. It's a big deal, and it's good. So although I don't expect an RV announcement to be made at the Summit, or directly because of the Summit, I do think it's reasonable to expect some actions after the summit. [post 2 of 2]
6-26-2019 Newshound Guru Adam Montana ...This time of year has historically been big for Iraq. Monumental items like Chapter 7 unfolded in late June, and there's another important event right around the corner: The G20 Summit. Quote: "The Group of Twenty (G20) is a global forum comprised of twenty of the world’s largest economies, focused on addressing global economic challenges. Its membership includes nineteen countries—Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom and the United States—and the European Union." You probably noticed that Iraq is not on the list. In that case, it might not be immediately obvious why this even matters to us, so I'll explain a small part of it... [post 1 of 2....stay tuned]
6-26-2019 Intel Guru Eagleone2025 [via PDK] ...CALLED MY HSBC CONTACT...HE SAID THEY WANTED TO GET THIS DONE IN THE NEXT FEW DAYS...G-20 SHOULD UNFOLD A LOT... ALL THINGS ARE MOVING ALONG GOOD… MEETINGS THIS WEEK HAS GONE WELL… ALOT OF GOOD INTEL OUT THERE… ALL WE CAN HOPE FOR THAT THE TOP FOLLOWS THROUGH SO WE CAN GET THIS RV DONE…MILITARY CONTACTS AND WH HAVE SAID THAT MOVEMENT ON THIS WHOLE THING IS REALLY GOING TO MOVE VERY FAST VERY SOON…REMEMBER THIS IS A DAY BY DAY PROCESS…. MY CONTACTS OUR [ARE ?] SAYING THIS IS MOVING ALONG VERY GOOD.
6-26-2019 Newshound Guru Breitling ...Iran and currency and Iraq being a backdoor advantage...is specifically because of the U.S. dollar. So if Iran is cut off from the US dollar market wise they could probably funnel some US dollars or use U.S. dollars through Iraq. But that is being shut off. Iraq can see the light and they're pivoting. This is crystal clear what is happening. They might even support Iran and have empathy toward Iran but they know who's going to win at this. They know the result and they don't want any part of the losing team at all. So it's kind of a hard pivot...It's kind of amazing. You can see it in the news. You can see what they are doing through the GCC. Through all the stuff that's coming down the road...
6-26-2019 Intel Guru MarkZ [via PDK] ...A whole lot going on internationally ...The rumors today are if the US doesn’t get it released today…China will do it through Bank of China, HSBC and Wells Fargo...the source is really solid. ...So the US needs to really get to it today...we are at Extreme high alert. ...On the US side of it...hearing it wasn’t released last night because of a security issue at the border and changes in personnel... I do hear the 28th is the back wall...In Iraq- they are totally ready and the IMF is ready for them to go now…I was originally going to get 800 numbers from WF. Now I am not sure how things will work. I hope I still get them...
6-26-2019 Intel Guru Bruce [via PinkRoses] ...did anything happen on Monday that we know about? No...as far as action taking place to our way of thinking to an exchange prospective, we didn’t see it. ...We are still looking very good moving forward... I am excited. ...Now, as far as what is happening on the screens, we know that...Monday night, the RTGS, Real Time Gross Settlement, the Iraqi Dinar was put on that, the RTGS, and an hour later at 10:30pm EST last night [Monday] it was to go live. The Dinar is live. ...I really thought we would be there today [Tuesday]. The fact we are not though is pointing towards something going to happen very soon...
6-26-2019 Intel Guru MarkZ [via PDK] I don’t expect the Fair Tax act announcement just yet…Most of us believe this will not be a taxable event…but with the laws we have in effect right now it could be…so be sure to ask at your exchange apt…just to be absolutely certain. [Note: Guest Guru BobTheTaxMan and other gurus feel this will be considered Ordinary Income and taxed as such...check with you tax professional at the appropriate time.]
6-26-2019 Newshound Guru Adam Montana ...This time of year has historically been big for Iraq. Monumental items like Chapter 7 unfolded in late June, and there's another important event right around the corner: The G20 Summit. Quote: "The Group of Twenty (G20) is a global forum comprised of twenty of the world’s largest economies, focused on addressing global economic challenges. Its membership includes nineteen countries—Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom and the United States—and the European Union." You probably noticed that Iraq is not on the list. In that case, it might not be immediately obvious why this even matters to us, so I'll explain a small part of it... [post 1 of 2....stay tuned]
6-26-2019 Intel Guru Eagleone2025 [via PDK] ...CALLED MY HSBC CONTACT...HE SAID THEY WANTED TO GET THIS DONE IN THE NEXT FEW DAYS...G-20 SHOULD UNFOLD A LOT... ALL THINGS ARE MOVING ALONG GOOD… MEETINGS THIS WEEK HAS GONE WELL… ALOT OF GOOD INTEL OUT THERE… ALL WE CAN HOPE FOR THAT THE TOP FOLLOWS THROUGH SO WE CAN GET THIS RV DONE…MILITARY CONTACTS AND WH HAVE SAID THAT MOVEMENT ON THIS WHOLE THING IS REALLY GOING TO MOVE VERY FAST VERY SOON…REMEMBER THIS IS A DAY BY DAY PROCESS…. MY CONTACTS OUR [ARE ?] SAYING THIS IS MOVING ALONG VERY GOOD.
6-26-2019 Newshound Guru Breitling ...Iran and currency and Iraq being a backdoor advantage...is specifically because of the U.S. dollar. So if Iran is cut off from the US dollar market wise they could probably funnel some US dollars or use U.S. dollars through Iraq. But that is being shut off. Iraq can see the light and they're pivoting. This is crystal clear what is happening. They might even support Iran and have empathy toward Iran but they know who's going to win at this. They know the result and they don't want any part of the losing team at all. So it's kind of a hard pivot...It's kind of amazing. You can see it in the news. You can see what they are doing through the GCC. Through all the stuff that's coming down the road...
6-26-2019 Intel Guru MarkZ [via PDK] ...A whole lot going on internationally ...The rumors today are if the US doesn’t get it released today…China will do it through Bank of China, HSBC and Wells Fargo...the source is really solid. ...So the US needs to really get to it today...we are at Extreme high alert. ...On the US side of it...hearing it wasn’t released last night because of a security issue at the border and changes in personnel... I do hear the 28th is the back wall...In Iraq- they are totally ready and the IMF is ready for them to go now…I was originally going to get 800 numbers from WF. Now I am not sure how things will work. I hope I still get them...
6-26-2019 Intel Guru Bruce [via PinkRoses] ...did anything happen on Monday that we know about? No...as far as action taking place to our way of thinking to an exchange prospective, we didn’t see it. ...We are still looking very good moving forward... I am excited. ...Now, as far as what is happening on the screens, we know that...Monday night, the RTGS, Real Time Gross Settlement, the Iraqi Dinar was put on that, the RTGS, and an hour later at 10:30pm EST last night [Monday] it was to go live. The Dinar is live. ...I really thought we would be there today [Tuesday]. The fact we are not though is pointing towards something going to happen very soon...
6-26-2019 Intel Guru MarkZ [via PDK] I don’t expect the Fair Tax act announcement just yet…Most of us believe this will not be a taxable event…but with the laws we have in effect right now it could be…so be sure to ask at your exchange apt…just to be absolutely certain. [Note: Guest Guru BobTheTaxMan and other gurus feel this will be considered Ordinary Income and taxed as such...check with you tax professional at the appropriate time.]
6-25-2019 **** Dinar Guru News Update **** Iraq's parliament approved the Defense, Interior and Justice ministers earlier today. This is a major milestone but the government remains incomplete as they rejected the nomination of the Education Minister left vacant by a resignation. Its reported the remaining minister will be voted on in the "coming days". Stay tuned as the guru's chime in on what impact seating these major positions could have on the dinar and the implications of the one remaining seat... The latest guru posts will continue below...
6-25-2019 Newshound Guru Breitling [Question: "Would the revaluation be held up knowing that Iran has Iraqi dinar with sanctions against Iran the US might influence or convince Iraq to hold up until the Iranians come to terms. Why allow dinars to be worth more? Iran would just continue to fund its war machine?] ...Iran has a foreign currency reserve just like every other country. In other words they have US dollars in that reserve. They have Russian rubles...all sorts of currencies...no body knows the combination. How does that money get transferred? That's the key you need to understand on what it is that if Iran has dinar why it doesn't matter...One of the part of the sanctions was we are going to stop Iran from using the Swift accounts...it's an electronic blockade...so they can't use any of their currencies...so if they have dinar and there is value added, they can't use it to trade efficiently...don't worry about the Iraqi dinar in Iran's hands and it revalues...It's not going to change anything. It's not going to give them an advantage...
6-25-2019 Intel Guru MarkZ [Are people working at redemption centers today?] The folks I know reported to work today at 8AM...they really expect to be seeing us all at anytime.
6-25-2019 Newshound Guru larrykn ...the cbi and the government are to different entity but they do work with each other, my thinking of them moving forward was that until today they had not seated their government and unless they did so I can't see them moving to doing anything with their currency, now that they have I like to see the laws needed getting done, like the Investment laws and others. I hope to see that done soon. It finally looks like they are going in the right direction. [Note: Possible to do list is listed in the Resource Bar on the left of this page...]
6-25-2019 Intel Guru MarkZ [via PDK] I’m still pretty giddy...We are hearing Value day (meaning the day they change our values) may be any time after markets close today through sometime tomorrow…We still hear there is a mad-dash rush to get this rolled out before the 28th...maybe even the 26th...[So they kicked the can again huh…] This reset is a monster…it is huge...things happen...they have to fix unforeseen problems as they appear… If you are watching the economic indicators worldwide you can see we are right on top of this.
6-25-2019 Newshound Guru MilitiaMan ...the G-20 on the 28th - 29th...Many of the largest holders of Dinar will be at that meeting. USA, Britain, Canada, Australia, etc.. Be kinda silly for them to show up with no rate in hand to discuss the future of the world. When after they leave the world changes from a reinstatement of their holdings? It would be a waste of time, as the world will change once this goes live... Is suspect a load of high fives will be more likely the case... This thinking of ours has been brought to me by some very special people! It is very good thinking that supports and RI, sooner than later. So, the word I got since was that Tues - Weds may be still a plan of intention, as they only delayed the timing from last window. I am going to ask to get more clarification if possible... I am stoked be sure...
6-25-2019 Intel/Newshound Guru sandyf ...the CBI and the Government are completely different entities from one another. The CBI is the one who is responsible for the currency and can change the rate not the Iraqi Government. A central bank is only responsible for the currency, a government is responsible for the monetary unit, of course you would need to understand the difference.
6-25-2019 Intel Guru MarkZ [via PDK] [What is value day?...] Value day is just the day the new rates have value. [Will all our currency exchange at the same rate?] I hear the first 10 million of dinar is a certain higher rate and that it scales down after that.
6-25-2019 Intel Guru MarkZ [Are people working at redemption centers today?] The folks I know reported to work today at 8AM...they really expect to be seeing us all at anytime.
6-25-2019 Newshound Guru larrykn ...the cbi and the government are to different entity but they do work with each other, my thinking of them moving forward was that until today they had not seated their government and unless they did so I can't see them moving to doing anything with their currency, now that they have I like to see the laws needed getting done, like the Investment laws and others. I hope to see that done soon. It finally looks like they are going in the right direction. [Note: Possible to do list is listed in the Resource Bar on the left of this page...]
6-25-2019 Intel Guru MarkZ [via PDK] I’m still pretty giddy...We are hearing Value day (meaning the day they change our values) may be any time after markets close today through sometime tomorrow…We still hear there is a mad-dash rush to get this rolled out before the 28th...maybe even the 26th...[So they kicked the can again huh…] This reset is a monster…it is huge...things happen...they have to fix unforeseen problems as they appear… If you are watching the economic indicators worldwide you can see we are right on top of this.
6-25-2019 Newshound Guru MilitiaMan ...the G-20 on the 28th - 29th...Many of the largest holders of Dinar will be at that meeting. USA, Britain, Canada, Australia, etc.. Be kinda silly for them to show up with no rate in hand to discuss the future of the world. When after they leave the world changes from a reinstatement of their holdings? It would be a waste of time, as the world will change once this goes live... Is suspect a load of high fives will be more likely the case... This thinking of ours has been brought to me by some very special people! It is very good thinking that supports and RI, sooner than later. So, the word I got since was that Tues - Weds may be still a plan of intention, as they only delayed the timing from last window. I am going to ask to get more clarification if possible... I am stoked be sure...
6-25-2019 Intel/Newshound Guru sandyf ...the CBI and the Government are completely different entities from one another. The CBI is the one who is responsible for the currency and can change the rate not the Iraqi Government. A central bank is only responsible for the currency, a government is responsible for the monetary unit, of course you would need to understand the difference.
6-25-2019 Intel Guru MarkZ [via PDK] [What is value day?...] Value day is just the day the new rates have value. [Will all our currency exchange at the same rate?] I hear the first 10 million of dinar is a certain higher rate and that it scales down after that.
6-24-2019 Intel Guru MarkZ The news has been very good this afternoon...I am sitting on the edge of my seat right now. I am waiting for an update out of Iraq…we are hearing they did go live today but unable to verify it yet. Hoping this is verified by tomorrow or even late this evening. I am cautiously, extremely optimistic...A heightened level of alert right now. I am hearing from government sources...that it needs to be done by the 28th…so anytime in the next 4 days is fair game...from DC and the treasury guys…we may see what we want by mid day tomorrow at the latest… We really are at a high alert for any minute. We are minute to minute and we are in it to win it. [What part of you thinks this will not happen?] ZERO...no part of me thinks this will not happen...Its not an “if” it’s a “when”. ...I think this could be our night. Im pretty excited and the news has been solid.
6-24-2019 Newshound Guru Whitelions ...this is a revalue plain and simple ONLY banks that deal in International currency AT the banks can exchange or airports exchangers and they are regulated by the same laws the banks are...
6-24-2019 Intel Guru MarkZ In Iraq I hear all the ministers are ready to be sat...for security and protection of those minister I am told they will be sat minutes before the RV. [So are we still hoping to be done by the end of JUNE?] I am absolutely thinking we will be done in June.
6-24-2019 Newshound Guru David M. Witty Iraqi Parliament votes for Defense & Interior Ministers' nominations. Iraqi Parliament disapproves nominee for Education Minister. Iraqi Defense, Interior & Justice Ministers take constitutional oaths.
6-24-2019 Newshound Guru G-Lin Article: "The House of Representatives votes on the ministers of defense, interior and justice and ends reading two laws" Quote: "...Mr. Najah al-Shammari, Yasin al-Yasiri and Farouk Shwani were sworn in as ministers of defense, interior and justice." ["The Defense and Interior Ministers are passed and they took the oath already!! HUGE HUGE HUGE!! They didn’t approve the education minister yet but they are still meeting again tomorrow so finally the two most important ministers are approved! Should be an interesting week ahead of us!"] I agree...We have waited several years to see this.
6-24-2019 Intel Guru MarkZ [...is there anyway you could explain WHO works in all the redemption centers? Obviously they must be bankers...etc...How they were hired and found, are they under NDA's etc...] they are basically Bankers and Tellers and they are put under serious NDA –They are in the know...they have SKR's for their currency but are not allowed access to their funds until they finish processing us..if they fib, talk or chat – they lose all their currency and the opportunity to exchange. ...They have one of the toughest NDA’s out there.
6-24-2019 Newshound Guru Whitelions ...this is a revalue plain and simple ONLY banks that deal in International currency AT the banks can exchange or airports exchangers and they are regulated by the same laws the banks are...
6-24-2019 Intel Guru MarkZ In Iraq I hear all the ministers are ready to be sat...for security and protection of those minister I am told they will be sat minutes before the RV. [So are we still hoping to be done by the end of JUNE?] I am absolutely thinking we will be done in June.
6-24-2019 Newshound Guru David M. Witty Iraqi Parliament votes for Defense & Interior Ministers' nominations. Iraqi Parliament disapproves nominee for Education Minister. Iraqi Defense, Interior & Justice Ministers take constitutional oaths.
6-24-2019 Newshound Guru G-Lin Article: "The House of Representatives votes on the ministers of defense, interior and justice and ends reading two laws" Quote: "...Mr. Najah al-Shammari, Yasin al-Yasiri and Farouk Shwani were sworn in as ministers of defense, interior and justice." ["The Defense and Interior Ministers are passed and they took the oath already!! HUGE HUGE HUGE!! They didn’t approve the education minister yet but they are still meeting again tomorrow so finally the two most important ministers are approved! Should be an interesting week ahead of us!"] I agree...We have waited several years to see this.
6-24-2019 Intel Guru MarkZ [...is there anyway you could explain WHO works in all the redemption centers? Obviously they must be bankers...etc...How they were hired and found, are they under NDA's etc...] they are basically Bankers and Tellers and they are put under serious NDA –They are in the know...they have SKR's for their currency but are not allowed access to their funds until they finish processing us..if they fib, talk or chat – they lose all their currency and the opportunity to exchange. ...They have one of the toughest NDA’s out there.
6-23-2019 Newshound Guru MilitiaMan Alak is clearly talking imo about currency carry trade. He needed to do the calculations to get to a rate that will be stable and steady with a strong interest rate, thus, traders can carry the currency trade...Now lets watch the Proxies go by the way side to usher in the fully seated Ministers and the new Fully seated currency rate Alak has for us at the same time or just after the Ministers sit. The GOI institutes the CBI, yet the CBI is independent. So once Ministers are seated then Alak can talk!!..imo. Sure looks exciting imo... [post 2 of 2]
6-23-2019 Newshound Guru MilitiaMan Article: "Interbank Market The Central Bank launched the electronic platform for trading between banks operating in Iraq (FX, Money Market)" Quote: "A platform that establishes an organized electronic financial market that opens and facilitates the way for foreign investment in Iraq." They signed the Deal with the Indian Firm now the CBI says this... Keep in mind that FX, Money Markets are the largest markets in the world! The CBI has set the stage to go live from the picture I am seeing in all this data they are putting out. [post 1 of 2....stay tuned]
6-23-2019 Intel Guru MarkZ ...Things are still very positive and seem to be on track...
6-23-2019 Newshound Guru Adam Montana [I came to the conclusion that the tax code is just not clear about this RV situation. ...That's why some CPAs believe it will be Cap Gains, and others are just as sure it's Ordinary Income.] I do still agree with that, and there's only one way that's going to change - if/when the IRS gets around to clarifying it, as it relates specifically to the Dinar/this situation. Unfortunately, they can clarify it pretty quickly... certainly in the same tax year as the RV is announced, and I'm betting it won't be in our favor. If at all possible, I would love to claim Cap gains. The unfortunate reality is that we may not have that option, especially after the rules are changed retroactively on us. I am hoping for the best but prepared and protected against the worst in regards to taxation. [Note: Be sure to check with your tax professional at the appropriate time.]
6-23-2019 Intel Guru RayRen98 The Ministers of Defense Interior have been announced this morning. PM Mahdi is stating on Iraqi TV that "Parliament will confirm the remaining cabinet positions." This will complete his administration selections. [Maybe now the CBI can take care of business since the government was finalized?]
6-23-2019 Intel Guru Delta Article quote: "...Prime Minister Adel Abdul Mahdi confirmed to him will send the names of candidates to parliament this week." ...THE DELAY WAS FROM THE GOV NOT PARLIAMENT… MAHDI IS DOING LAST AUDIT ON CANDIDATES ...IT WILL GET DONE THIS WEEK...BUT AFTER CBI MOVE LAST WEEK...WE DON'T HAVE TO WORRY ANYMORE...CBI IS MOVING FORWARD...NO MATTER WHAT HAPPEN...ONE WAY STREET...NO WAY BACK...
6-23-2019 Newshound Guru MilitiaMan Article: "Central Bank Governor: We are proud of Samir Al Nusairi's book and thank the Association of Banks for its support" Effectively it looks as though Alak has set the stage to create, if not already implemented the time frame to use the mechanism to turn the auctions off as we know them, as they are ready to correct the large structural imbalances to a position of balance...the tools are in place to raise the balance of the Central Bank (read Exchange Rate, imo) !!
6-23-2019 Newshound Guru MilitiaMan Article: "Interbank Market The Central Bank launched the electronic platform for trading between banks operating in Iraq (FX, Money Market)" Quote: "A platform that establishes an organized electronic financial market that opens and facilitates the way for foreign investment in Iraq." They signed the Deal with the Indian Firm now the CBI says this... Keep in mind that FX, Money Markets are the largest markets in the world! The CBI has set the stage to go live from the picture I am seeing in all this data they are putting out. [post 1 of 2....stay tuned]
6-23-2019 Intel Guru MarkZ ...Things are still very positive and seem to be on track...
6-23-2019 Newshound Guru Adam Montana [I came to the conclusion that the tax code is just not clear about this RV situation. ...That's why some CPAs believe it will be Cap Gains, and others are just as sure it's Ordinary Income.] I do still agree with that, and there's only one way that's going to change - if/when the IRS gets around to clarifying it, as it relates specifically to the Dinar/this situation. Unfortunately, they can clarify it pretty quickly... certainly in the same tax year as the RV is announced, and I'm betting it won't be in our favor. If at all possible, I would love to claim Cap gains. The unfortunate reality is that we may not have that option, especially after the rules are changed retroactively on us. I am hoping for the best but prepared and protected against the worst in regards to taxation. [Note: Be sure to check with your tax professional at the appropriate time.]
6-23-2019 Intel Guru RayRen98 The Ministers of Defense Interior have been announced this morning. PM Mahdi is stating on Iraqi TV that "Parliament will confirm the remaining cabinet positions." This will complete his administration selections. [Maybe now the CBI can take care of business since the government was finalized?]
6-23-2019 Intel Guru Delta Article quote: "...Prime Minister Adel Abdul Mahdi confirmed to him will send the names of candidates to parliament this week." ...THE DELAY WAS FROM THE GOV NOT PARLIAMENT… MAHDI IS DOING LAST AUDIT ON CANDIDATES ...IT WILL GET DONE THIS WEEK...BUT AFTER CBI MOVE LAST WEEK...WE DON'T HAVE TO WORRY ANYMORE...CBI IS MOVING FORWARD...NO MATTER WHAT HAPPEN...ONE WAY STREET...NO WAY BACK...
6-23-2019 Newshound Guru MilitiaMan Article: "Central Bank Governor: We are proud of Samir Al Nusairi's book and thank the Association of Banks for its support" Effectively it looks as though Alak has set the stage to create, if not already implemented the time frame to use the mechanism to turn the auctions off as we know them, as they are ready to correct the large structural imbalances to a position of balance...the tools are in place to raise the balance of the Central Bank (read Exchange Rate, imo) !!
6-22-2019 Intel Guru MarkZ Everything looks good this weekend so far...
6-22-2019 Newshound/Intel Guru Mnt Goat Article quote: "...ENTER INTO LEGAL PROBLEMS BECAUSE OF THE BUDGET LAW WHICH THE GOVERNMENT COMMITTED TO COMPLETE AT THE END OF THE 30TH OF THIS MONTH...] More delays have rippling effects downstream. Delays in getting the govt formed out of proxy is now going to delay the budget.
6-22-2019 Newshound Guru MilitiaMan Article: "The Iraqi Trade Bank signs an agreement with the Indian Information Solutions Company" So they...tell us the Iraq Trade Bank has cut a deal with an Indian Solutions Compnay to provide financial Technology Services to meet requirements of the Bank and other financial institutions in an out of Iraq. In other words internationally. ...the sectors they mention...Oil, Steel, Iron, petrochemicals, fertilizers and dairy operations. All about supporting the future reconstruction efforts once they lift the value like they told us they would. imo.
6-22-2019 Intel Guru Eagleone2025 ...IT LOOKS LIKES THE RV IS LOOKING VERY GOOD NEXT WEEK
6-22-2019 Newshound/Intel Guru David M. Witty Iraqi MP says plans to discuss completing PM's cabinet in today's meeting of Parliament have been postponed since the government has not sent the list of nominees.
6-22-2019 Newshound Guru G-Lin No completion of the cabinet...I'm not surprised. The entire area is too unstable.
6-22-2019 Newshound Guru MilitiaMan Article quote: "The main thing that is achieved is the stability of the exchange rate and the reduction of the gap between the official price of the US dollar and the parallel price, which is a basic objective of the monetary policy and the implementation of the policies of re-confidence in the banking transactions of Iraqi banks with Arab banks" They are clearly laying out what they are doing in regards to reforms and future actions in regard to the IQD exchange rate. They are going to cease the auctions as we have noted over the last few days. They say...that they are to reduce the gap between the official price of the Dollar and the parallel price...imo.
6-22-2019 Intel Guru MarkZ [Any news out of Iraq?] My contacts there are a diplomat with the ministry and a contractor from Australia – they say that they have been sitting waiting for their notification for 3 and a half weeks - they do believe its this week...they tell me to look for Iraq cabinet being fully seated-then the new rate will announce right after that.
6-22-2019 Newshound/Intel Guru Mnt Goat Article quote: "...ENTER INTO LEGAL PROBLEMS BECAUSE OF THE BUDGET LAW WHICH THE GOVERNMENT COMMITTED TO COMPLETE AT THE END OF THE 30TH OF THIS MONTH...] More delays have rippling effects downstream. Delays in getting the govt formed out of proxy is now going to delay the budget.
6-22-2019 Newshound Guru MilitiaMan Article: "The Iraqi Trade Bank signs an agreement with the Indian Information Solutions Company" So they...tell us the Iraq Trade Bank has cut a deal with an Indian Solutions Compnay to provide financial Technology Services to meet requirements of the Bank and other financial institutions in an out of Iraq. In other words internationally. ...the sectors they mention...Oil, Steel, Iron, petrochemicals, fertilizers and dairy operations. All about supporting the future reconstruction efforts once they lift the value like they told us they would. imo.
6-22-2019 Intel Guru Eagleone2025 ...IT LOOKS LIKES THE RV IS LOOKING VERY GOOD NEXT WEEK
6-22-2019 Newshound/Intel Guru David M. Witty Iraqi MP says plans to discuss completing PM's cabinet in today's meeting of Parliament have been postponed since the government has not sent the list of nominees.
6-22-2019 Newshound Guru G-Lin No completion of the cabinet...I'm not surprised. The entire area is too unstable.
6-22-2019 Newshound Guru MilitiaMan Article quote: "The main thing that is achieved is the stability of the exchange rate and the reduction of the gap between the official price of the US dollar and the parallel price, which is a basic objective of the monetary policy and the implementation of the policies of re-confidence in the banking transactions of Iraqi banks with Arab banks" They are clearly laying out what they are doing in regards to reforms and future actions in regard to the IQD exchange rate. They are going to cease the auctions as we have noted over the last few days. They say...that they are to reduce the gap between the official price of the Dollar and the parallel price...imo.
6-22-2019 Intel Guru MarkZ [Any news out of Iraq?] My contacts there are a diplomat with the ministry and a contractor from Australia – they say that they have been sitting waiting for their notification for 3 and a half weeks - they do believe its this week...they tell me to look for Iraq cabinet being fully seated-then the new rate will announce right after that.
6-21-2019 Newshound Guru G-Lin Article: "Parliament votes Saturday to complete the cabin and terminate the agency positions" Quote: "The House of Representatives, next Saturday, its regular session. The agenda includes the completion of the vote on the cabinet and special grades and the end of the file of the state administration by proxy." This is huge if accurate.
6-21-2019 Intel Guru Delta Article: "Saturday's agenda includes cabinet vote and special ratings" IN THE AGENDA...IN PRINT...PARLIAMENT WILL VOTES SAT TO COMPLETE THE CABIN [CABINET]...IT WILL START AT 11AM IRAQI TIME... [You can see Iraqi Time at the top of the Resource Bar on the left of this page...]
6-21-2019 Intel Guru MarkZ ...this is going to be a magical 3 day weekend...All my guys say they are staging everything this weekend for a go on Monday...[What are your opinions on rates.] I am hearing 2.20-2.25 for dong...Based on what Im hearing...the street rate for dinar should around 3.92 - $3.96 with a rate in the US maybe $4 - $6 for dinar...this is my opinion. [post 2 of 2]
6-21-2019 Intel Guru MarkZ I really feel this is the last broke weekend for us all. I feel this one is it...no excuses…no delays…just hearing only positive news today. ...We feel that 800 numbers are fair game anytime this weekend. Expecting a lot of things will be happening on Sunday. I am hearing we will be at the banks after 2pm Monday... [post 1 of 2....stay tuned]
6-21-2019 Newshound/Intel Guru Mnt Goat ...So the banks now are taking these large three zero notes and buying the smaller category notes. Are they also buying the coins. Yes, I believe the CBI is now issuing also the coins but not in massive distribution as of yet. The banks are buying them and they do plan to use them very soon. ...I got to tell you Iraq is planning some HUGE change in their currency in the near future. ...I still think that new CBI target is now the end of June when the supplemental budget and the rest of the govt will be formed... [post 2 of 2]
6-21-2019 Newshound/Intel Guru Mnt Goat Article: "CBI MEETS IT’S CURRENCY GOALS FOR PROJECT TO DELETE THE ZEROS" Quote: "The Central Bank in 2011 put forward a project to delete the zeros for the structure of the currency, which the bank considered it would transfer Iraq from the country of trillions to billions..." This...is the connection and proof that the reduction of dinars down to 39 trillion is the effort of the project to delete the zeros. ...They tried many aspects to get the larger 3 zero notes off the streets. ...It was not until they introduced the electronic banking and Key cards the this finally became a reality. ...This has got to be the tenth time already they told us this in articles. [post 1 of 2....stay tuned]
6-21-2019 Intel Guru Bruce I think we have a good shot getting started on Saturday... I am trying not to call it, but I am giving you the information, pretty much, as I received it, and I feel like we are in really good position right now to get everything started from our point of view. I know our security is at the ultimate highest point it ever been. So, we are set from that point of view. Now, I think guys, we have gone as far as we can go without the toll-free numbers. I think we are going to get them very soon...and I think we are going to get started over the weekend. We will see how that goes...I am excited for us about to get started... [post 2 of 2]
6-21-2019 Intel Guru Bruce [via PinkRoses] I am very excited...we have had a couple of false starts over the last two weeks...Let’s just go to what is going on... First...there was a conference call, a large meeting with everybody you can imagine in the banking business...All the major banks AIIB, Wells Fargo, Chase, all the top banks, and some of the other government agencies...a global call...We had a couple of signatures that we were looking for today. We got one of them. The last one we think we were looking for should be attained by the end of that meeting. ...The Bank of International Settlements is being reworked. That is very positive for us...The IMF is not really involved anymore... [post 1 of 2....stay tuned]
6-21-2019 Intel Guru MarkZ [Capital gains tax? Will that be a factor on new purchases of currency?] I am still hearing from a number of sources that this exchange will not be taxed...but be sure to check with professionals.
6-21-2019 Intel Guru Delta Article: "Saturday's agenda includes cabinet vote and special ratings" IN THE AGENDA...IN PRINT...PARLIAMENT WILL VOTES SAT TO COMPLETE THE CABIN [CABINET]...IT WILL START AT 11AM IRAQI TIME... [You can see Iraqi Time at the top of the Resource Bar on the left of this page...]
6-21-2019 Intel Guru MarkZ ...this is going to be a magical 3 day weekend...All my guys say they are staging everything this weekend for a go on Monday...[What are your opinions on rates.] I am hearing 2.20-2.25 for dong...Based on what Im hearing...the street rate for dinar should around 3.92 - $3.96 with a rate in the US maybe $4 - $6 for dinar...this is my opinion. [post 2 of 2]
6-21-2019 Intel Guru MarkZ I really feel this is the last broke weekend for us all. I feel this one is it...no excuses…no delays…just hearing only positive news today. ...We feel that 800 numbers are fair game anytime this weekend. Expecting a lot of things will be happening on Sunday. I am hearing we will be at the banks after 2pm Monday... [post 1 of 2....stay tuned]
6-21-2019 Newshound/Intel Guru Mnt Goat ...So the banks now are taking these large three zero notes and buying the smaller category notes. Are they also buying the coins. Yes, I believe the CBI is now issuing also the coins but not in massive distribution as of yet. The banks are buying them and they do plan to use them very soon. ...I got to tell you Iraq is planning some HUGE change in their currency in the near future. ...I still think that new CBI target is now the end of June when the supplemental budget and the rest of the govt will be formed... [post 2 of 2]
6-21-2019 Newshound/Intel Guru Mnt Goat Article: "CBI MEETS IT’S CURRENCY GOALS FOR PROJECT TO DELETE THE ZEROS" Quote: "The Central Bank in 2011 put forward a project to delete the zeros for the structure of the currency, which the bank considered it would transfer Iraq from the country of trillions to billions..." This...is the connection and proof that the reduction of dinars down to 39 trillion is the effort of the project to delete the zeros. ...They tried many aspects to get the larger 3 zero notes off the streets. ...It was not until they introduced the electronic banking and Key cards the this finally became a reality. ...This has got to be the tenth time already they told us this in articles. [post 1 of 2....stay tuned]
6-21-2019 Intel Guru Bruce I think we have a good shot getting started on Saturday... I am trying not to call it, but I am giving you the information, pretty much, as I received it, and I feel like we are in really good position right now to get everything started from our point of view. I know our security is at the ultimate highest point it ever been. So, we are set from that point of view. Now, I think guys, we have gone as far as we can go without the toll-free numbers. I think we are going to get them very soon...and I think we are going to get started over the weekend. We will see how that goes...I am excited for us about to get started... [post 2 of 2]
6-21-2019 Intel Guru Bruce [via PinkRoses] I am very excited...we have had a couple of false starts over the last two weeks...Let’s just go to what is going on... First...there was a conference call, a large meeting with everybody you can imagine in the banking business...All the major banks AIIB, Wells Fargo, Chase, all the top banks, and some of the other government agencies...a global call...We had a couple of signatures that we were looking for today. We got one of them. The last one we think we were looking for should be attained by the end of that meeting. ...The Bank of International Settlements is being reworked. That is very positive for us...The IMF is not really involved anymore... [post 1 of 2....stay tuned]
6-21-2019 Intel Guru MarkZ [Capital gains tax? Will that be a factor on new purchases of currency?] I am still hearing from a number of sources that this exchange will not be taxed...but be sure to check with professionals.
6-20-2019 Intel Guru Eagleone2025 ...WE HOPE THE RV WILL GO DOWN BY THE END OF THIS MONTH...WE ARE GETTING CLOSE ON THIS RV...HIGH ALERT FOR RV... IT IS ALL COMING TOGETHER SO WE WAIT AND WATCH...
6-20-2019 Intel Guru MarkZ ...We are in a “heightened watch” level today...We appear to be sitting on “go”...everyone is geared up and everyone is complete. Just waiting for the treasury to tell the banks to start processing people. Many are watching for 800 numbers today...my opinion is – if we don’t get them by Friday afternoon ...dont watch for them until Sunday. [Do the banks have the rates?] I am told they have the rates...but no one will talk about it.
6-20-2019 Newshound Guru Adam Montana BUT, did something major happen? YES. That's where we seem to be right now. This is the time of year that many major milestones have been reached in Iraq. NOW is the time I'm expecting to see something major... maybe HCL, maybe something else, and very possibly a rate change. The tension is growing, and it shows in many ways...like how your animals know a storm is coming, when the weather person said "10% chance of rain", and then the neighbors barn and cows get taken away in a tornado. Fido knew. Did you listen? ...Bring on the twisters! [post 2 of 2]
6-20-2019 Newshound Guru Adam Montana If you were around the Dinar world before Chapter 7 was lifted, an event that was arguably one of the most important events related to Iraq in recent history, you'll remember that things got VERY exciting before that happened. It was not a guarantee that Chapter 7 would get lifted...in fact, it was questionable if it would actually happen, and very much a surprise to many. Even without absolute confirmation of this very important event that was about to transpire, and even though many of the news stations and media and all of the people "in the know" didn't give a warning... the dinar world had a "feeling" that something was about to happen...Did we have an RV at that time? Obviously not. And nobody cashed in...at least, not at the $3+ rate. [post 1 of 2....stay tuned]
6-20-2019 Newshound/Intel Guru Mnt Goat The new coins have not yet been allowed into circulation but we know there are to be new coins and they are stamped and waiting at the banks for use them, but not yet. We should expect yet more news about these new denominations and coins. This is all VERY good news...We should be jumping up and down and getting our champagne 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. [post 2 of 2]
6-20-2019 Newshound/Intel Guru Mnt Goat Article: "DANNAIR PUBLISHES THE FEATURES OF THE NEW IRAQI CURRENCY AFTER THE DELETION OF ZEROS" So the new smaller notes of 5, 10 and 25 are replacing the 3 zero notes of 5,000, 10,000 and 25,000 accordingly. This is a 1:1 RV in Iraq. I said within Iraq, did you hear me? In addition they are also issuing a 50, 100, 200 dinar notes of smaller category. Remember they already issued the 50 notes way back in 2015 in the anticipation the reinstatement was going in January of 2016. [post 1 of 2....stay tuned]
6-20-2019 Intel Guru Frank26 [...do I remember correctly that the treaty with Kuwait says Iraq cannot be higher than they are? Kuwait has been hanging in there around $3.28……. Maybe Kuwait can go higher- right? Not trying to be greedy...] GREEDY? ...NO. RE-CALCULATED ... RE-CALCULATED ... RE-CALCULATED. IT WAS SO WRITTEN...IT WILL BE MADE SO.
6-20-2019 Intel Guru MarkZ [via PDK] We are on a heightened watch...a high RV warning right now. ...I personally believe we are in a day or two of seeing this all go...at the very most – in June...but I think its about to go...
6-20-2019 Intel Guru MarkZ ...We are in a “heightened watch” level today...We appear to be sitting on “go”...everyone is geared up and everyone is complete. Just waiting for the treasury to tell the banks to start processing people. Many are watching for 800 numbers today...my opinion is – if we don’t get them by Friday afternoon ...dont watch for them until Sunday. [Do the banks have the rates?] I am told they have the rates...but no one will talk about it.
6-20-2019 Newshound Guru Adam Montana BUT, did something major happen? YES. That's where we seem to be right now. This is the time of year that many major milestones have been reached in Iraq. NOW is the time I'm expecting to see something major... maybe HCL, maybe something else, and very possibly a rate change. The tension is growing, and it shows in many ways...like how your animals know a storm is coming, when the weather person said "10% chance of rain", and then the neighbors barn and cows get taken away in a tornado. Fido knew. Did you listen? ...Bring on the twisters! [post 2 of 2]
6-20-2019 Newshound Guru Adam Montana If you were around the Dinar world before Chapter 7 was lifted, an event that was arguably one of the most important events related to Iraq in recent history, you'll remember that things got VERY exciting before that happened. It was not a guarantee that Chapter 7 would get lifted...in fact, it was questionable if it would actually happen, and very much a surprise to many. Even without absolute confirmation of this very important event that was about to transpire, and even though many of the news stations and media and all of the people "in the know" didn't give a warning... the dinar world had a "feeling" that something was about to happen...Did we have an RV at that time? Obviously not. And nobody cashed in...at least, not at the $3+ rate. [post 1 of 2....stay tuned]
6-20-2019 Newshound/Intel Guru Mnt Goat The new coins have not yet been allowed into circulation but we know there are to be new coins and they are stamped and waiting at the banks for use them, but not yet. We should expect yet more news about these new denominations and coins. This is all VERY good news...We should be jumping up and down and getting our champagne 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. [post 2 of 2]
6-20-2019 Newshound/Intel Guru Mnt Goat Article: "DANNAIR PUBLISHES THE FEATURES OF THE NEW IRAQI CURRENCY AFTER THE DELETION OF ZEROS" So the new smaller notes of 5, 10 and 25 are replacing the 3 zero notes of 5,000, 10,000 and 25,000 accordingly. This is a 1:1 RV in Iraq. I said within Iraq, did you hear me? In addition they are also issuing a 50, 100, 200 dinar notes of smaller category. Remember they already issued the 50 notes way back in 2015 in the anticipation the reinstatement was going in January of 2016. [post 1 of 2....stay tuned]
6-20-2019 Intel Guru Frank26 [...do I remember correctly that the treaty with Kuwait says Iraq cannot be higher than they are? Kuwait has been hanging in there around $3.28……. Maybe Kuwait can go higher- right? Not trying to be greedy...] GREEDY? ...NO. RE-CALCULATED ... RE-CALCULATED ... RE-CALCULATED. IT WAS SO WRITTEN...IT WILL BE MADE SO.
6-20-2019 Intel Guru MarkZ [via PDK] We are on a heightened watch...a high RV warning right now. ...I personally believe we are in a day or two of seeing this all go...at the very most – in June...but I think its about to go...
6-19-2019 Newshound/Intel Guru Mnt Goat 7. And….of course there is much more at stake now with getting an honest non-Iranian selected for the Interior and Security ministers. 8. They already moved the dates from 2018-2022 to 2019-2023 for the term of this project. So, half a year is already shot with no substantial investors willing to lay their cash on the line due to these reasons... THEY NEED A VIABLE CURRENCY TO MOVE FORWARD! Investors want a value assigned to the currency that they can deal with and prosper from. A realistic value and nothing more or less. It’s coming and it has to come soon! [post 3 of 3]
6-19-2019 Newshound/Intel Guru Mnt Goat 4. Just recently parliament passed the “Financial Management Law” which is the support by the GOI that is needed for the project to be successful... 5. Sadr is putting great pressure on getting the remaining ministers out of proxy and qualified (non-Iranian) candidates ratified by parliament. This is scheduled again for a vote on Saturday...They are at the end of the line. After this Saturday June 22nd there is only a week remaining in June... 6. We now know the end of this currency legislative session and it ends the end of June. We know that Mahdi must form his government with the remaining positions by then or else be subjected to a no-confidence vote. [post 2 of 3....stay tuned]
6-19-2019 Newshound/Intel Guru Mnt Goat Are they now prepared to pull the final trigger and bring this project to a conclusion? 1. They just told us again the CBI was successful in the reduction of cash on the streets. They just told us they got the 140 trillion dinars from 2011 down now to 39 trillion. 2. We know they have been stocking the banks with the new coins and infusing yet more of the small category notes out in the ATMs and banks (250, 500 and 1000). Just recently they issued the 50 dinar note back. WOW! The banks also have the 100 dinar notes but we have not yet seen them on the streets or ATMs. 3. We know that certain Iranian factions within the government appose the project to delete the zeros and have helped to block in the past any way they can. [post 1 of 3....stay tuned]
6-19-2019 Intel Guru MarkZ [via PDK] My folks in Reno were actually in the room to process when they were told there was a security issue and they were sent away…Folks in Hong Kong were also at the exchange table to process and they were turned away citing security issues as well...One large whale in Asia was actually turned away from the table...told to come back today…They cannot keep stopping guys… Many intel people are still looking for 800 numbers today. [What is the status of the redemption centers..? Are they still on high alert..?] Yes- They arrived at 7AM this morning and are on high alert. Once again I will say...DO NOT LET YOUR CURRENCY OUT OF YOUR SIGHT!!
6-19-2019 Intel Guru Eagleone2025 [via PDK] ALOT OF MEETING GOING ON IN DC. ...HIGH SECURITY MEETINGS TAKEN PLACE. LOOKING FOR RV AROUND THE END OF THE MONTH. G20 SUMMIT COMING UP. ...THE THINGS I AM SHARING I AM ALLOWED TO SHARE AT THIS TIME. HOWEVER THERE IS ALOT I CAN NOT SHARE. ALOT HAS UNFOLDED. ...WE ARE JUST WAITING FOR THE GREEN LIGHT.
6-19-2019 Newshound Guru G-Lin Article: "The Anti-Corruption Council comments on the last reference letter and takes action at the currency auction" Quote: "The council also hosted a special report on the sale of foreign exchange in terms of reasons, justification, mechanism of action, monitoring and measures, and identifying gaps that constitute an introduction to corruption and ways of closing them." This is good to see.
6-19-2019 Newshound Guru Adam Montana [Recent CBI articles suggest a RV at $.87 cents. Could this be a sucker rate with huge increases to follow?] “Sucker rate” is a bit of a mean spirited phrase, but there is certainly merit to the possibility that a rate will come out low and rise initially.
6-19-2019 Intel Guru Bruce [via PinkRoses] ...we are so close to the Go Time...a few days ago on the bank screens at Redemption Centers was to [two ?] dates. One date was...June 17th. The other date was...June 19th...as Go Days for us...The information I received today is pointing toward things triggered after President Trump’s rally. It maybe hours after the rally. It maybe after midnight. It could be tomorrow [Wednesday], but I think that there is a triggering mechanism that will be looked at very closely after midnight tonight [Tuesday]. So, lets see how that works. Let’s see how that goes. ...Do not worry about rates. Rates are fine. Rates are strong. ...The idea of a shotgun start is really where we think we are...
6-19-2019 Intel Guru Delta URGENT FROM IRAQI TV: "ANTI CORRUPTION HOSTS CBI GOV AND TAKES ACTION ON THE CURRENCY AUCTION..." IT'S ALL OVER THE NEWS ...THEY GOT SLAP BY SISTANI... SHOW US THE RATE...NOW...
6-19-2019 Newshound/Intel Guru Mnt Goat 4. Just recently parliament passed the “Financial Management Law” which is the support by the GOI that is needed for the project to be successful... 5. Sadr is putting great pressure on getting the remaining ministers out of proxy and qualified (non-Iranian) candidates ratified by parliament. This is scheduled again for a vote on Saturday...They are at the end of the line. After this Saturday June 22nd there is only a week remaining in June... 6. We now know the end of this currency legislative session and it ends the end of June. We know that Mahdi must form his government with the remaining positions by then or else be subjected to a no-confidence vote. [post 2 of 3....stay tuned]
6-19-2019 Newshound/Intel Guru Mnt Goat Are they now prepared to pull the final trigger and bring this project to a conclusion? 1. They just told us again the CBI was successful in the reduction of cash on the streets. They just told us they got the 140 trillion dinars from 2011 down now to 39 trillion. 2. We know they have been stocking the banks with the new coins and infusing yet more of the small category notes out in the ATMs and banks (250, 500 and 1000). Just recently they issued the 50 dinar note back. WOW! The banks also have the 100 dinar notes but we have not yet seen them on the streets or ATMs. 3. We know that certain Iranian factions within the government appose the project to delete the zeros and have helped to block in the past any way they can. [post 1 of 3....stay tuned]
6-19-2019 Intel Guru MarkZ [via PDK] My folks in Reno were actually in the room to process when they were told there was a security issue and they were sent away…Folks in Hong Kong were also at the exchange table to process and they were turned away citing security issues as well...One large whale in Asia was actually turned away from the table...told to come back today…They cannot keep stopping guys… Many intel people are still looking for 800 numbers today. [What is the status of the redemption centers..? Are they still on high alert..?] Yes- They arrived at 7AM this morning and are on high alert. Once again I will say...DO NOT LET YOUR CURRENCY OUT OF YOUR SIGHT!!
6-19-2019 Intel Guru Eagleone2025 [via PDK] ALOT OF MEETING GOING ON IN DC. ...HIGH SECURITY MEETINGS TAKEN PLACE. LOOKING FOR RV AROUND THE END OF THE MONTH. G20 SUMMIT COMING UP. ...THE THINGS I AM SHARING I AM ALLOWED TO SHARE AT THIS TIME. HOWEVER THERE IS ALOT I CAN NOT SHARE. ALOT HAS UNFOLDED. ...WE ARE JUST WAITING FOR THE GREEN LIGHT.
6-19-2019 Newshound Guru G-Lin Article: "The Anti-Corruption Council comments on the last reference letter and takes action at the currency auction" Quote: "The council also hosted a special report on the sale of foreign exchange in terms of reasons, justification, mechanism of action, monitoring and measures, and identifying gaps that constitute an introduction to corruption and ways of closing them." This is good to see.
6-19-2019 Newshound Guru Adam Montana [Recent CBI articles suggest a RV at $.87 cents. Could this be a sucker rate with huge increases to follow?] “Sucker rate” is a bit of a mean spirited phrase, but there is certainly merit to the possibility that a rate will come out low and rise initially.
6-19-2019 Intel Guru Bruce [via PinkRoses] ...we are so close to the Go Time...a few days ago on the bank screens at Redemption Centers was to [two ?] dates. One date was...June 17th. The other date was...June 19th...as Go Days for us...The information I received today is pointing toward things triggered after President Trump’s rally. It maybe hours after the rally. It maybe after midnight. It could be tomorrow [Wednesday], but I think that there is a triggering mechanism that will be looked at very closely after midnight tonight [Tuesday]. So, lets see how that works. Let’s see how that goes. ...Do not worry about rates. Rates are fine. Rates are strong. ...The idea of a shotgun start is really where we think we are...
6-19-2019 Intel Guru Delta URGENT FROM IRAQI TV: "ANTI CORRUPTION HOSTS CBI GOV AND TAKES ACTION ON THE CURRENCY AUCTION..." IT'S ALL OVER THE NEWS ...THEY GOT SLAP BY SISTANI... SHOW US THE RATE...NOW...
6-18-2019 Intel Guru RayRen98 Iraqi leaders signed documents making "CONFIRMING THE GOVERNMENT WITHIN 2 WEEKS" a priority.
6-18-2019 Intel Guru MarkZ On some topics I am told to be quiet for security reasons...Right now it is difficult to get any news out of Reno...I take that as a positive sign. [Are they just kicking the can again?] I do not think they are kicking the can...its just logistics. I still believe this is our month guys and that we will be done before the 28th... [post 2 of 2]
6-18-2019 Intel Guru MarkZ We did not see the progress we wanted yesterday. It seems the problems were just logistics with the new Treasury person who took over the rollout on Thursday (Judy Shelton). I also heard they simplified the NDA, and streamlined the exchange process to make it more efficient for us all. My treasury contact was excited and banking contacts feel very positive today. We are hearing from 4 different people they are still trying to push it out today. [post 1 of 2....stay tuned]
6-18-2019 Newshound Guru chattels Article quote: "stabilized at the exchange rate of the US dollar against the Iraqi dinar. The market price in the Kifah Stock Exchange in Baghdad was 1201 dinars per dollar, ie 120 thousand and 100 dinars per hundred dollars."
6-18-2019 Newshound/Intel Guru Mnt Goat It really looks like we are now on a full force to getting the reinstatement completed sometime in June. Really? Could this really happen? With all the news we are now hearing a new timeline CBI target has been identified and it is showing the target by the end of June. Let’s all pray that this is our last timeline ever.
6-18-2019 Intel Guru Frank26 [via Iobey777] PAY ATTENTION to ALL articles from the CBI! right now, the citizens are waiting for the rate to change so they will bring in their 3 zero notes into the bank, their education will continue...The CBI does not have to announce it to us, it could just show up at any time, then the articles to guide the citizens will come out!
6-18-2019 Intel/Newshound Guru sandyf [wonder if they even have filed for article 8 and just waiting approval.] It has nothing to do with approval. For the last 40 years or so the IMF have been actively pushing countries to accept the obligations of Art 8. As far as I am aware there are still about 17 countries under Article 14, Iraq being one of them.
6-18-2019 Intel Guru MarkZ On some topics I am told to be quiet for security reasons...Right now it is difficult to get any news out of Reno...I take that as a positive sign. [Are they just kicking the can again?] I do not think they are kicking the can...its just logistics. I still believe this is our month guys and that we will be done before the 28th... [post 2 of 2]
6-18-2019 Intel Guru MarkZ We did not see the progress we wanted yesterday. It seems the problems were just logistics with the new Treasury person who took over the rollout on Thursday (Judy Shelton). I also heard they simplified the NDA, and streamlined the exchange process to make it more efficient for us all. My treasury contact was excited and banking contacts feel very positive today. We are hearing from 4 different people they are still trying to push it out today. [post 1 of 2....stay tuned]
6-18-2019 Newshound Guru chattels Article quote: "stabilized at the exchange rate of the US dollar against the Iraqi dinar. The market price in the Kifah Stock Exchange in Baghdad was 1201 dinars per dollar, ie 120 thousand and 100 dinars per hundred dollars."
6-18-2019 Newshound/Intel Guru Mnt Goat It really looks like we are now on a full force to getting the reinstatement completed sometime in June. Really? Could this really happen? With all the news we are now hearing a new timeline CBI target has been identified and it is showing the target by the end of June. Let’s all pray that this is our last timeline ever.
6-18-2019 Intel Guru Frank26 [via Iobey777] PAY ATTENTION to ALL articles from the CBI! right now, the citizens are waiting for the rate to change so they will bring in their 3 zero notes into the bank, their education will continue...The CBI does not have to announce it to us, it could just show up at any time, then the articles to guide the citizens will come out!
6-18-2019 Intel/Newshound Guru sandyf [wonder if they even have filed for article 8 and just waiting approval.] It has nothing to do with approval. For the last 40 years or so the IMF have been actively pushing countries to accept the obligations of Art 8. As far as I am aware there are still about 17 countries under Article 14, Iraq being one of them.
6-17-2018 * Dinar Guru News Update * Prime Minister Mahdi removed 30 kilometers of blast walls and hundreds of checkpoints surrounding the green-zone of Baghdad. Over 14,000 T-walls have already been removed and 600 streets reopened in Baghdad. Quote: "It was long inaccessible to most Iraqis until an order from Abdel Mahdi last year, and families can now be seen picking their way across its [Baghdad's Green-Zone] manicured parks for sunset pictures". Stay tuned as the gurus chime in on the improving state of security in Baghdad and Iraq... The latest guru post will continue below...
6-17-2019 Intel Guru MarkZ In Iraq I am still hearing from folks over there that they are totally done and are waiting on the US to say “go”. ...We are expecting a lot of movement the next couple days... Redemption center folks reported for work bright and early this morning and are on high alert. [Do you think this will be a shotgunstart?] Absolutely - I do believe it will be a shotgun start. I believe we are sitting on “go” right now. [post 2 of 2]
6-17-2019 Intel Guru MarkZ [via PDK] This is one of the busiest weekends we have ever seen in Reno. We are seeing people in place, everything in position. ...so rumors running all over Reno is...800 numbers released later today and we are in the banks tomorrow...we are all praying this is all correct... ...misinformation and shills are out there to make you all mad and discouraged...they do want people to give up...sell your currency and go away...dont do it...don’t let them win. [post 1 of 2....stay tuned]
6-17-2019 Intel Guru MarkZ [via PDK] This is one of the busiest weekends we have ever seen in Reno. We are seeing people in place, everything in position. ...so rumors running all over Reno is...800 numbers released later today and we are in the banks tomorrow...we are all praying this is all correct... ...misinformation and shills are out there to make you all mad and discouraged...they do want people to give up...sell your currency and go away...dont do it...don’t let them win. [post 1 of 2....stay tuned]
6-16-2019 Newshound Guru Breitling It is black and white. The American economy vs the Middle East and Russia's economy. When the energy prices are high those countries do good. When the energy prices are high in America the United States economy slows down. Remember energy moves matter. It's always been like that. The economy goes down when the oil prices are up. And when the oil prices go down our economy just goes through the roof.
6-16-2018 Intel Guru Frank26 The Reinstatement is inevitable... Somewhere around the 30th...“All systems Go”. There's a different monetary policy? Who says? The Finanacial Management Law [FML]. There's a new math? Who says? The FML. There's a new rate? Who says? The FML. There is no delay. What is the Financial Management Law? It’s for the change in the national monetary policy and to raise the value of the Iraqi Dinar against other foreign currencies in order to control the auctions that have been a source of corruption for many others especially Maliki and his sources in Iran...IMO.
6-16-2019 Intel Guru MarkZ [I would like to hear about the dong too...] the dong will revue along with the rest of the first basket…nothing has changed.
6-16-2018 Intel Guru Frank26 The Reinstatement is inevitable... Somewhere around the 30th...“All systems Go”. There's a different monetary policy? Who says? The Finanacial Management Law [FML]. There's a new math? Who says? The FML. There's a new rate? Who says? The FML. There is no delay. What is the Financial Management Law? It’s for the change in the national monetary policy and to raise the value of the Iraqi Dinar against other foreign currencies in order to control the auctions that have been a source of corruption for many others especially Maliki and his sources in Iran...IMO.
6-16-2019 Intel Guru MarkZ [I would like to hear about the dong too...] the dong will revue along with the rest of the first basket…nothing has changed.
6-15-2019 Newshound Guru Breitling ...I don't see anything to worry about. In the worst case scenario they could still add value to their currency because it's so manipulated. It's almost a crime because...the people at the top are making money with the U.S. dollar. The people at the bottom are using the Iraqi dinar. Who has the power there? So you understand the power structure in Iraq. It's that simple. A lot of you would say, 'Why would someone change that? Why do we have their currency?' Because they have no intent to keep it like that. They've said it over and over again. In fact the Financial Management Bill is proof of all that...what they need to do is build a permanent structure so they can have full blown trade. The reason why the US is wealthy is because we've opened up all the trade routes on the planet...for Iraq to do that they need to add value to their currency. That is their ultimate goal. But it's tough doing. You just don't get into it...I have complete confidence.
6-15-2019 Intel Guru MarkZ [Will this exchange be subject to taxes?] I was told over and over again that our currency redemption will not be taxed. [Note: speak to your tax and financial professional at the appropriate time.]
6-15-2019 Newshound Guru Breitling ...the worst case scenario...we attack Iran and it spills a little bit over into Iraq. Iraq is the proxy between Iran and Saudi Arabia...The Iraqi dinar has been so manipulated and it's so far down that they could still add value to it. They could add 10 cents to it...20 cents to it and no one would blink. It would be a huge positive thing for the economy. It would be no threat at all...I don't see an apocalyptic threat to the Iraqi dinar in this situation. [Post 3 of 3]
6-15-2019 Newshound Guru Breitling ...It doesn't match with the production. So you have the production going up but the value of their currency going down? The value of oil is based on the U.S. dollar...so obviously it's manipulated. If 90% of your country's money that's coming in from trade is from oil and everyone is killing it in the energy markets then that is a manipulation...if you're attaching the value of the price per barrel to the dollar and supposedly the Iraqi dinar is pegged by the US dollar this tells you it's manipulated... [Post 2 of 3]
6-15-2019 Newshound Guru Breitling ...Obviously there's a lot of drama going on in the Gulf of Oman. People are concerned...How is this going to effect our investment...? The timing of the Iraqi dinar? The economy in general? ...if the Price Per Barrel goes up then Iraq is not going to be as motivated to add value to their currency. But the price keeps going down because of the United States. They [Iraq] are going to be forced to [add value to the currency]...Let's say the value of oil goes up...Iraq knows it's not going to be able to do that forever. So no matter what they are going to change the value of their currency. They have to...If you look at the value of their currency it doesn't match with the oil markets. [Post 1 of 3]
6-15 -2019 Guest Guru BobTheTaxMan ...Let's say you want to donate some dinar to a charitable organization. When you acquired the dinar doesn't matter to the IRS. They don't care. Because when you give the dinar to your 501-c3 charity and they go to exchange it the only thing that's going to matter is the value of the exchange and what you report on your schedule A. They don't care when you got it... [Note: speak to your tax and financial professional at the appropriate time.]
6-15-2019 Intel Guru MarkZ [Any truth to Iraq showing a rate of $1.20 now?] I have read that and heard that may be true in-country. I do not believe that is what we will be getting by any means...but, Follow the news in Iraq and you will see there is plenty to be excited about and show we are right on top of it.
6-15-2019 Intel Guru MarkZ [Will this exchange be subject to taxes?] I was told over and over again that our currency redemption will not be taxed. [Note: speak to your tax and financial professional at the appropriate time.]
6-15-2019 Newshound Guru Breitling ...the worst case scenario...we attack Iran and it spills a little bit over into Iraq. Iraq is the proxy between Iran and Saudi Arabia...The Iraqi dinar has been so manipulated and it's so far down that they could still add value to it. They could add 10 cents to it...20 cents to it and no one would blink. It would be a huge positive thing for the economy. It would be no threat at all...I don't see an apocalyptic threat to the Iraqi dinar in this situation. [Post 3 of 3]
6-15-2019 Newshound Guru Breitling ...It doesn't match with the production. So you have the production going up but the value of their currency going down? The value of oil is based on the U.S. dollar...so obviously it's manipulated. If 90% of your country's money that's coming in from trade is from oil and everyone is killing it in the energy markets then that is a manipulation...if you're attaching the value of the price per barrel to the dollar and supposedly the Iraqi dinar is pegged by the US dollar this tells you it's manipulated... [Post 2 of 3]
6-15-2019 Newshound Guru Breitling ...Obviously there's a lot of drama going on in the Gulf of Oman. People are concerned...How is this going to effect our investment...? The timing of the Iraqi dinar? The economy in general? ...if the Price Per Barrel goes up then Iraq is not going to be as motivated to add value to their currency. But the price keeps going down because of the United States. They [Iraq] are going to be forced to [add value to the currency]...Let's say the value of oil goes up...Iraq knows it's not going to be able to do that forever. So no matter what they are going to change the value of their currency. They have to...If you look at the value of their currency it doesn't match with the oil markets. [Post 1 of 3]
6-15 -2019 Guest Guru BobTheTaxMan ...Let's say you want to donate some dinar to a charitable organization. When you acquired the dinar doesn't matter to the IRS. They don't care. Because when you give the dinar to your 501-c3 charity and they go to exchange it the only thing that's going to matter is the value of the exchange and what you report on your schedule A. They don't care when you got it... [Note: speak to your tax and financial professional at the appropriate time.]
6-15-2019 Intel Guru MarkZ [Any truth to Iraq showing a rate of $1.20 now?] I have read that and heard that may be true in-country. I do not believe that is what we will be getting by any means...but, Follow the news in Iraq and you will see there is plenty to be excited about and show we are right on top of it.
6-14-20219 Newshound/Intel Guru Mnt Goat The other BIG news from Iraq is all about finally Mahdi being forced to submit some candidates for his unfilled cabinet positions. We know two of these positions are critical to the reconstruction efforts and may even be a sever damper on being able to obtain funding from investors for the reconstruction efforts. So some of the candidate names have already been forwarded to parliament and let’s see what they do with them. Mahdi still has until the end of June to fill these positions or be subject to a “No Confidence” vote. These next couple weeks are going to be interesting.
6-14-2019 Newshound Guru Adam Montana Well, we did it! We weathered another Ramadan, and Eid al fitr. I am going to state the obvious: Despite no RV announcement during the Big Holiday, this was a more eventful one than normal. All positive, too! ...Historically, many of the bigger milestones have happened around this time of year. Chapter 7 was lifted in late June, for example. A few others have also occurred right around now as well...I have reason to believe we are entering a unique week for the Iraqi dinar...
6-14-2019 Intel Guru MarkZ The news overnight has been very positive...very positive...My folks in redemption sites are being told to report for work bright and early Monday morning for a very busy week. From the treasury side of it- they believe the reset is on Sunday and it’s a “hard date” ...the real thing...the “go” date...we will see... ...I feel that late afternoon, early Sunday evening we may all finally cross the finish line... Folks in Reno are thinking Sunday for 800 numbers. And I am pretty excited about this weekend…especially Sunday. [Sunday is Fathers Day!] What a great day that will be if everything happens as we are expecting.
6-14-2019 Intel Guru Bruce ...Prior to that we had a holiday in China. Nothing happened over those 3 days, Friday, Saturday, Sunday last weekend. Now, this weekend looks to be a different scenario. We are getting very positive information that makes it look like we could be looking at a new different situation...tomorrow [Friday]. ..I got my catcher’s mitt on and ready to receive that fast pitch, that 95 mph fast ball, and kaboom, and just get that information out as soon as possible. I am ready to go. ...I think it is time. I believe it is that close. [post 2 of 2]
6-14-2019 Intel Guru Bruce [via PinkRoses] ...we have some information...showing really definitively really that today [Thursday] was going to be our day for a start. ...Now the other things that were happening...that were giving us reason to believe we were exactly right there was the fact that the AIIB as a partner, let’s call it, with the World Bank, partnering with the World Bank was signed off lasts night [Wednesday]. ...Now in Europe last Monday was a Bank Holiday because the European Banks were becoming Basel 4 compliant. That is part of the reason nothing happened last Monday. [post 1 of 2....stay tuned
6-14-2019 Newshound/Intel Guru Mnt Goat ...The CBI already told us they will NEVER put the (program rate) (currency auctions) on a float while it is on the de-facto peg with the US dollar. So, the only other conclusion we can make is they intend to reinstate the dinar and put it back on a float as all currencies are when they are on FOREX... ...the...articles tell...us they intended to raise the value of the dinar and get it to compete with the international currencies by the end of the current legislative term?... I can hardly keep from jumping up and down…lol...June is almost half over already. So we have about 2 more weeks of expectations and excitement. [post 2 of 2]
6-14-2019 Newshound/Intel Guru Mnt Goat I have some fantastic news for you about the reinstatement. ...I told everyone I was working on getting a legitimate new timeframe for the RV. ...So, now we have a new timeframe and it is very close at hand. What do we know...: We know that Mahdi has until the end of June to “complete” his cabinet. ...it appears the end of June is the end of the current legislative term. Why is this important? If all of this information is correct, we should be expecting something of a reinstatement and the completion of the “project to delete the zeros” by the end of June. [post 1 of 2....stay tuned]
6-14-2019 Newshound Guru Adam Montana Well, we did it! We weathered another Ramadan, and Eid al fitr. I am going to state the obvious: Despite no RV announcement during the Big Holiday, this was a more eventful one than normal. All positive, too! ...Historically, many of the bigger milestones have happened around this time of year. Chapter 7 was lifted in late June, for example. A few others have also occurred right around now as well...I have reason to believe we are entering a unique week for the Iraqi dinar...
6-14-2019 Intel Guru MarkZ The news overnight has been very positive...very positive...My folks in redemption sites are being told to report for work bright and early Monday morning for a very busy week. From the treasury side of it- they believe the reset is on Sunday and it’s a “hard date” ...the real thing...the “go” date...we will see... ...I feel that late afternoon, early Sunday evening we may all finally cross the finish line... Folks in Reno are thinking Sunday for 800 numbers. And I am pretty excited about this weekend…especially Sunday. [Sunday is Fathers Day!] What a great day that will be if everything happens as we are expecting.
6-14-2019 Intel Guru Bruce ...Prior to that we had a holiday in China. Nothing happened over those 3 days, Friday, Saturday, Sunday last weekend. Now, this weekend looks to be a different scenario. We are getting very positive information that makes it look like we could be looking at a new different situation...tomorrow [Friday]. ..I got my catcher’s mitt on and ready to receive that fast pitch, that 95 mph fast ball, and kaboom, and just get that information out as soon as possible. I am ready to go. ...I think it is time. I believe it is that close. [post 2 of 2]
6-14-2019 Intel Guru Bruce [via PinkRoses] ...we have some information...showing really definitively really that today [Thursday] was going to be our day for a start. ...Now the other things that were happening...that were giving us reason to believe we were exactly right there was the fact that the AIIB as a partner, let’s call it, with the World Bank, partnering with the World Bank was signed off lasts night [Wednesday]. ...Now in Europe last Monday was a Bank Holiday because the European Banks were becoming Basel 4 compliant. That is part of the reason nothing happened last Monday. [post 1 of 2....stay tuned
6-14-2019 Newshound/Intel Guru Mnt Goat ...The CBI already told us they will NEVER put the (program rate) (currency auctions) on a float while it is on the de-facto peg with the US dollar. So, the only other conclusion we can make is they intend to reinstate the dinar and put it back on a float as all currencies are when they are on FOREX... ...the...articles tell...us they intended to raise the value of the dinar and get it to compete with the international currencies by the end of the current legislative term?... I can hardly keep from jumping up and down…lol...June is almost half over already. So we have about 2 more weeks of expectations and excitement. [post 2 of 2]
6-14-2019 Newshound/Intel Guru Mnt Goat I have some fantastic news for you about the reinstatement. ...I told everyone I was working on getting a legitimate new timeframe for the RV. ...So, now we have a new timeframe and it is very close at hand. What do we know...: We know that Mahdi has until the end of June to “complete” his cabinet. ...it appears the end of June is the end of the current legislative term. Why is this important? If all of this information is correct, we should be expecting something of a reinstatement and the completion of the “project to delete the zeros” by the end of June. [post 1 of 2....stay tuned]
6-13-2019 Intel/Newshound Guru sandyf holiday inn is actually accepting other currencies for motel room payment. This idea is incorrect and obviously causing some confusion. Online payments are invariably done by a payment processor and they determine currency requirement, not the company concerned...It should also be borne in mind that in order to make the payment you would need a card funded in the currency selected. If Iraqi banks issue cards in IQD it would be up to the processor if such cards were accepted, nothing to do with Article 8, although wider use of the currency is a move in the right direction.
6-13-2019 Intel Guru Delta Article: "Deputy Prime Minister for Economic Affairs and Minister of Finance chairs the first meeting of the preparation of the State Budget Strategy 2020-2022" Quote: "On the other hand, the exchange rate policy and the monetary policy strategy of the Central Bank were discussed" MORE CONFIRMATION THAT THE COMING 2020 BUDGET WILL BE IN NEW RATE...
6-13-2019 Intel Guru MarkZ The news is not all bad… In Iraq...CBI has been very active this week posting many good articles…Its 100% been the US Treasury stalling our release is what I am told. I guess they thought if they kept stalling it...the US would maintain its control over the world banks. [Is it true that the US Treasury owns 55 Billion in dinar?] I have heard that exact same figure. [Is today “value day”] I do not know…wish I did…Could it happen today? Yes it could…we just don’t know.
6-13-2019 Guest Guru BobTheTaxMan So when you go do something with your dinar you need to remember it is not a registered commodity. But it also does not fall into the IRS 1256 code. It doesn't fit...When you go into the bank or anyplace to exchange your dinar...when you bought it doesn't make any difference...Remember you're reporting this to the IRS as ordinary income. All you have to have is the value when you bought it and the value when you exchanged it. Because it doesn't qualify for 1256. It doesn't qualify as a capital gain. [Post 2 of 2 Note: speak to your tax and financial professional at the appropriate time.]
6-13-2019 Guest Guru BobTheTaxMan I've had several people come to me and they're always saying, 'what about this...way to convert this in a way of being able to do it as capital gains...' I hear this all the time. In the world of the IRS everyone thinks it's a set hardcore thing. But it's really quite subjective... there's all kinds of nuances when it comes to the IRS code so you're gonna want a professional assisting you who has experience in this particular domain. [Post 1 of 2 Note: speak to your tax and financial professional at the appropriate time.]
6-13-2019 Newshound Guru MilitiaMan Article quote: "This bank will settle the cards abroad by selling them dollars at a price. Aqh sell the currency, the dollar against the sale of citizens at the price of 1.200 dinars through purchases of cards." If I read this correctly they look as though they are telling the citizens and others they will be effectively 1:1.20 soon...IMO, they are trying to tell us they will be at 1.200 to the USD not 1,200. Then by applying the new international calculation to that and we are back to the glory days...imo... [post 2 of 2]
6-13-2019 Newshound Guru MilitiaMan ...they are clearly doing as they told us they would and even on time or early. The CBI told us on the 10th they would have an intensive media campaign. They sure are from the looks of it. There are now out today about 11 articles that support they are doing what they said they were going to do, in that regard to intensive media campaign. They...say that they are partnering up with banks, money exchanges, airports, hotels, etc... To get them up in running with the new Master and Visa Cards for external expenses to get paid. They are doing the media blitz to make sure everyone knows that all there is left to do is let their new external exchange rate get applied to those cards. imo... That is where the CBI will need to be timely ahead of the Gazette, imo. That time clock imo is about to sound some alarms... [post 1 of 2....stay tuned]
6-13-2019 Newshound Guru Bloodloch "Preparation for the conference to launch electronic travel cards" What an awesome article, G-Lin...This could be the international revaluation we've been waiting for. [reference Guru G-Lin post 6-12-19]
6-13-2019 Intel Guru Delta Article: "Deputy Prime Minister for Economic Affairs and Minister of Finance chairs the first meeting of the preparation of the State Budget Strategy 2020-2022" Quote: "On the other hand, the exchange rate policy and the monetary policy strategy of the Central Bank were discussed" MORE CONFIRMATION THAT THE COMING 2020 BUDGET WILL BE IN NEW RATE...
6-13-2019 Intel Guru MarkZ The news is not all bad… In Iraq...CBI has been very active this week posting many good articles…Its 100% been the US Treasury stalling our release is what I am told. I guess they thought if they kept stalling it...the US would maintain its control over the world banks. [Is it true that the US Treasury owns 55 Billion in dinar?] I have heard that exact same figure. [Is today “value day”] I do not know…wish I did…Could it happen today? Yes it could…we just don’t know.
6-13-2019 Guest Guru BobTheTaxMan So when you go do something with your dinar you need to remember it is not a registered commodity. But it also does not fall into the IRS 1256 code. It doesn't fit...When you go into the bank or anyplace to exchange your dinar...when you bought it doesn't make any difference...Remember you're reporting this to the IRS as ordinary income. All you have to have is the value when you bought it and the value when you exchanged it. Because it doesn't qualify for 1256. It doesn't qualify as a capital gain. [Post 2 of 2 Note: speak to your tax and financial professional at the appropriate time.]
6-13-2019 Guest Guru BobTheTaxMan I've had several people come to me and they're always saying, 'what about this...way to convert this in a way of being able to do it as capital gains...' I hear this all the time. In the world of the IRS everyone thinks it's a set hardcore thing. But it's really quite subjective... there's all kinds of nuances when it comes to the IRS code so you're gonna want a professional assisting you who has experience in this particular domain. [Post 1 of 2 Note: speak to your tax and financial professional at the appropriate time.]
6-13-2019 Newshound Guru MilitiaMan Article quote: "This bank will settle the cards abroad by selling them dollars at a price. Aqh sell the currency, the dollar against the sale of citizens at the price of 1.200 dinars through purchases of cards." If I read this correctly they look as though they are telling the citizens and others they will be effectively 1:1.20 soon...IMO, they are trying to tell us they will be at 1.200 to the USD not 1,200. Then by applying the new international calculation to that and we are back to the glory days...imo... [post 2 of 2]
6-13-2019 Newshound Guru MilitiaMan ...they are clearly doing as they told us they would and even on time or early. The CBI told us on the 10th they would have an intensive media campaign. They sure are from the looks of it. There are now out today about 11 articles that support they are doing what they said they were going to do, in that regard to intensive media campaign. They...say that they are partnering up with banks, money exchanges, airports, hotels, etc... To get them up in running with the new Master and Visa Cards for external expenses to get paid. They are doing the media blitz to make sure everyone knows that all there is left to do is let their new external exchange rate get applied to those cards. imo... That is where the CBI will need to be timely ahead of the Gazette, imo. That time clock imo is about to sound some alarms... [post 1 of 2....stay tuned]
6-13-2019 Newshound Guru Bloodloch "Preparation for the conference to launch electronic travel cards" What an awesome article, G-Lin...This could be the international revaluation we've been waiting for. [reference Guru G-Lin post 6-12-19]
6-12-2019 Newshound Guru MilitiaMan Well, since the FML has been law now for a couple of days imo, they issued instructions (mechanisms) for the MC and Visa Cards and even apparently passed internal regulations for 2019 and to help large contractors who build things and need to import and or export goods and service, just as they are allowing the Citizens to use cards outside the country...More evidence of article 8 so it seems. Now the CBI needs to talk to the citizens about a rate, imo... Once they do that in regard to the rate, the laundry list of things can get done. ITB, Contracts, re construction, payments, settlements, etc., etc. [post 2 of 2]
6-12-2019 Newshound Guru MilitiaMan Articles: "Including the creation of the Notary Public Department in the area of Baasheqa Nineveh province"; "Development of internal trade"; "Parliamentary Finance: The budget of 2020 is completely different from all budgets since 2003" IMO, in the above may get one thinking about just how far along they are now. Keep in mind they don't mention 2019 Budget. Why? Well that would expose the rate. [post 1 of 2....stay tuned]
6-12-2019 Intel Guru MarkZ There is no bad news. It has been exceptionally quiet...they have done a good job on tightening down on information. There is a lot of smoke and misinformation flying today and I take that as a good sign. [Is it quiet because we are close] I believe that is true. I do still think we are right on top of it. In Europe the exchanges got pushed back until Thursday. [rumor has it that banks were in 8 hour long meetings about this...any news?] I heard that...many big meetings worldwide…It absolutely needs to be done now..imo. [ Are 800 numbers for exchanges real?] I know contacts at redemption centers and banks who tell me they are absolutely real.
6-12-2019 Newshound Guru G-Lin Article: "Preparation for the conference to launch electronic travel cards " Article quote: "The establishment of the Conference of the launch of electronic travel cards issuance of electronic cards for Iraqi citizens to motivate them to use these cards during the payment period expenses (purchases - hotels - ... Buy the dollar at 1,200 dinars. ...This bank will settle the cards abroad by selling them dollars at a price. Aqh sell the currency, the dollar against the sale of citizens at the price of 1.200 dinars through purchases of cards." This sounds like the price in country will be 1,200 dinars per dollar. And abroad it will be 1.200 dinars per dollar. I'm not sure if it is a typo or they are telling us the rate. wow...This is the CBI site btw... I think this is pretty much what a rv will look like. Very little change in country and only us abroad will feel it. It sounds like this conference coming up next month will be a huge educational tool for the peeps.
6-12-2019 Intel Guru MarkZ [Is chase a good bank to exchange at?] I believe Chase and many other banks are waiting for you all….you will have many choices to exchange at.
6-12-2019 Intel Guru Bruce I think taking us from a dual platform to a single platform Forex with the exotic currencies that we know about coming to the main page if you will of the Forex. That is a big deal, a big thing. I think we are obviously closer everyday this thing goes by... This RV...is a moving target and it does move...we are looking very positively toward having this complete. It is just that it is hard to pin it down to an actual tie [time ?] release of the toll-free number... It could be something that occurs overnight. It could be something that occurs tomorrow [Wednesday]. ...We are looking good for anytime now. We are hearing some things about tomorrow [Wednesday] late morning. Let’s see what happens with that. [post 2 of 2]
6-12-2019 Intel Guru Bruce [via PinkRoses] I think this protocol working so closely today with the World Bank and also with Steven Mnuchin and President Trump all of this was to put this revaluation in motion sometime this evening or tonight [Tuesday]. ...There is one thing we got today which was very strong from one of our Forex people. That was we expect the Forex to come up from a dual platform to a single platform in single page tonight [Tuesday]...This would also include new rates coming up on the screens and locked in rates. It was sort of a trifecta event was to occur with the Forex. Now, could that have been a kicked off point or trigger point? I think it is... [post 1 of 2....stay tuned]
6-12-2019 Newshound Guru MilitiaMan Articles: "Including the creation of the Notary Public Department in the area of Baasheqa Nineveh province"; "Development of internal trade"; "Parliamentary Finance: The budget of 2020 is completely different from all budgets since 2003" IMO, in the above may get one thinking about just how far along they are now. Keep in mind they don't mention 2019 Budget. Why? Well that would expose the rate. [post 1 of 2....stay tuned]
6-12-2019 Intel Guru MarkZ There is no bad news. It has been exceptionally quiet...they have done a good job on tightening down on information. There is a lot of smoke and misinformation flying today and I take that as a good sign. [Is it quiet because we are close] I believe that is true. I do still think we are right on top of it. In Europe the exchanges got pushed back until Thursday. [rumor has it that banks were in 8 hour long meetings about this...any news?] I heard that...many big meetings worldwide…It absolutely needs to be done now..imo. [ Are 800 numbers for exchanges real?] I know contacts at redemption centers and banks who tell me they are absolutely real.
6-12-2019 Newshound Guru G-Lin Article: "Preparation for the conference to launch electronic travel cards " Article quote: "The establishment of the Conference of the launch of electronic travel cards issuance of electronic cards for Iraqi citizens to motivate them to use these cards during the payment period expenses (purchases - hotels - ... Buy the dollar at 1,200 dinars. ...This bank will settle the cards abroad by selling them dollars at a price. Aqh sell the currency, the dollar against the sale of citizens at the price of 1.200 dinars through purchases of cards." This sounds like the price in country will be 1,200 dinars per dollar. And abroad it will be 1.200 dinars per dollar. I'm not sure if it is a typo or they are telling us the rate. wow...This is the CBI site btw... I think this is pretty much what a rv will look like. Very little change in country and only us abroad will feel it. It sounds like this conference coming up next month will be a huge educational tool for the peeps.
6-12-2019 Intel Guru MarkZ [Is chase a good bank to exchange at?] I believe Chase and many other banks are waiting for you all….you will have many choices to exchange at.
6-12-2019 Intel Guru Bruce I think taking us from a dual platform to a single platform Forex with the exotic currencies that we know about coming to the main page if you will of the Forex. That is a big deal, a big thing. I think we are obviously closer everyday this thing goes by... This RV...is a moving target and it does move...we are looking very positively toward having this complete. It is just that it is hard to pin it down to an actual tie [time ?] release of the toll-free number... It could be something that occurs overnight. It could be something that occurs tomorrow [Wednesday]. ...We are looking good for anytime now. We are hearing some things about tomorrow [Wednesday] late morning. Let’s see what happens with that. [post 2 of 2]
6-12-2019 Intel Guru Bruce [via PinkRoses] I think this protocol working so closely today with the World Bank and also with Steven Mnuchin and President Trump all of this was to put this revaluation in motion sometime this evening or tonight [Tuesday]. ...There is one thing we got today which was very strong from one of our Forex people. That was we expect the Forex to come up from a dual platform to a single platform in single page tonight [Tuesday]...This would also include new rates coming up on the screens and locked in rates. It was sort of a trifecta event was to occur with the Forex. Now, could that have been a kicked off point or trigger point? I think it is... [post 1 of 2....stay tuned]
6-11-2019 Newshound/Intel Guru Mnt Goat ...in the news we see cooperation between Iran and Iraq. This is all good as long as Iran stays out of the internal affairs and politics of Iraq. Also we know that Iraq must become independent on gasoline production and electricity. There is long term plans underway for Iraq to provide both
6-11-2019 Intel Guru MarkZ I know a few whales that were told they will have full access today. [What are the odds on seeing 800 numbers today.] I think they are pretty good. I totally beleive we are past the point of no return right now. [Do you think they are pushing this out past June?] No I do not...I think its crunch time… [post 2 of 2]
6-11-2019 Intel Guru MarkZ [via PDK] From our Chinese contacts...The expectation is today is “value day”. Could be another day sitting on the edge of our seats. Waiting to hear from Europe... there were a number of contacts with appointments today... Reno is very quiet...but everything is staged, ready and done...waiting for the Treasury to say “go”. I will get a “heads up” from contacts there when the Treasury says ”go” and will be able to tell you all. [post 1 of 2....stay tuned]
6-11-2019 Guest Guru BobTheTaxMan ...a lot of people have come up and said, 'well I've been told the dinar will be treated as capital gains.' In [IRS Code] 1256 you have to identify yourself as being a trader and you have to be actively trading. Which means you have a period of time that you've identified that you're going to hold it and you're going to sell it. We're not doing that. We've all bought dinar. We're hanging on to that dinar...And it's not going to qualify for 1256 because we don't have a contract date for when we're going to exchange it. Simply not going to happen. 1256 is great if you're actually going to do the forex world...have a conversation with your tax professional...[NOTE: BobTheTaxMan thinks it's wise to claim the dinar exchange as ordinary income. Speak to your tax and financial professional at the appropriate time.]
6-11-2019 Newshound/Intel Guru Mnt Goat Article quote: "A parliamentary source confirmed on Saturday that Prime Minister Adel Abdul Mahdi WILL SEND THE NAMES OF CANDIDATES FOR VACANT MINISTRIES TO THE HOUSE OF REPRESENTATIVES NEXT WEEK." (which is this week) The news channels in Iraq are mostly filled with news of completing the Mahdi government on time. This is going to come to a conclusion one way or the other. Mahdi was hoping that the political blocks could come to an agreement of candidates but this is now not the case. So, Mahdi has the power to submit his own list of names and let parliament move forward with the vote to ratify them.
6-11-2019 Intel Guru MarkZ [Did you see the hyatt and holiday Inn is excepting IQD as payment now?] All kinds of companies are now accepting many foreign currencies...this is a really good sign everyone.
6-11-2019 Intel Guru MarkZ I know a few whales that were told they will have full access today. [What are the odds on seeing 800 numbers today.] I think they are pretty good. I totally beleive we are past the point of no return right now. [Do you think they are pushing this out past June?] No I do not...I think its crunch time… [post 2 of 2]
6-11-2019 Intel Guru MarkZ [via PDK] From our Chinese contacts...The expectation is today is “value day”. Could be another day sitting on the edge of our seats. Waiting to hear from Europe... there were a number of contacts with appointments today... Reno is very quiet...but everything is staged, ready and done...waiting for the Treasury to say “go”. I will get a “heads up” from contacts there when the Treasury says ”go” and will be able to tell you all. [post 1 of 2....stay tuned]
6-11-2019 Guest Guru BobTheTaxMan ...a lot of people have come up and said, 'well I've been told the dinar will be treated as capital gains.' In [IRS Code] 1256 you have to identify yourself as being a trader and you have to be actively trading. Which means you have a period of time that you've identified that you're going to hold it and you're going to sell it. We're not doing that. We've all bought dinar. We're hanging on to that dinar...And it's not going to qualify for 1256 because we don't have a contract date for when we're going to exchange it. Simply not going to happen. 1256 is great if you're actually going to do the forex world...have a conversation with your tax professional...[NOTE: BobTheTaxMan thinks it's wise to claim the dinar exchange as ordinary income. Speak to your tax and financial professional at the appropriate time.]
6-11-2019 Newshound/Intel Guru Mnt Goat Article quote: "A parliamentary source confirmed on Saturday that Prime Minister Adel Abdul Mahdi WILL SEND THE NAMES OF CANDIDATES FOR VACANT MINISTRIES TO THE HOUSE OF REPRESENTATIVES NEXT WEEK." (which is this week) The news channels in Iraq are mostly filled with news of completing the Mahdi government on time. This is going to come to a conclusion one way or the other. Mahdi was hoping that the political blocks could come to an agreement of candidates but this is now not the case. So, Mahdi has the power to submit his own list of names and let parliament move forward with the vote to ratify them.
6-11-2019 Intel Guru MarkZ [Did you see the hyatt and holiday Inn is excepting IQD as payment now?] All kinds of companies are now accepting many foreign currencies...this is a really good sign everyone.
6-10-2019 Intel Guru MarkZ [What do you think the dong will revalue at?] My personal belief is it will rv at the lox [low ?] $2 range.
6-10-2019 Intel Guru MarkZ I do believe this will be our week...On European side they expect to start redeeming tomorrow...even my Interpol contact expects tomorrow...Treasury contacts think that today may be the day. A number of whales have exchange apts this afternoon... [Are the call center folks there today?] Yes they are – at least the ones I know personally reported there early this morning. [Do you still believe we are past the point of no return?] I most definitely believe we are past the point of no return. [Would you agree that this weekend was the calm before the storm?] Yes I do...I really believe that next week this will all be behind us...when its all ready and safe they will do it...Expecting a lot of breaking news this afternoon.
6-10-2019 Newshound Guru chattels Article quote: "The House of Representatives is waiting frankly and revealed by Prime Minister Adel Abdul Mahdi on the completion of the cabinet cab and the end of the proxy." I do not believe that Maliki or Abadi had a completed cabinet during their governments. The administration by proxy has been a common thread. Nothing new under the sun, but when a ministry fails and the Prime Minister heads it by proxy there is no one else to blame. Iraqi politicians are all about finding fault and a scapegoat when they should look no further than themselves collectively.
6-10-2019 Intel Guru MarkZ I do believe this will be our week...On European side they expect to start redeeming tomorrow...even my Interpol contact expects tomorrow...Treasury contacts think that today may be the day. A number of whales have exchange apts this afternoon... [Are the call center folks there today?] Yes they are – at least the ones I know personally reported there early this morning. [Do you still believe we are past the point of no return?] I most definitely believe we are past the point of no return. [Would you agree that this weekend was the calm before the storm?] Yes I do...I really believe that next week this will all be behind us...when its all ready and safe they will do it...Expecting a lot of breaking news this afternoon.
6-10-2019 Newshound Guru chattels Article quote: "The House of Representatives is waiting frankly and revealed by Prime Minister Adel Abdul Mahdi on the completion of the cabinet cab and the end of the proxy." I do not believe that Maliki or Abadi had a completed cabinet during their governments. The administration by proxy has been a common thread. Nothing new under the sun, but when a ministry fails and the Prime Minister heads it by proxy there is no one else to blame. Iraqi politicians are all about finding fault and a scapegoat when they should look no further than themselves collectively.
6-9-2019 Intel Guru MarkZ The weekend has been going exactly as I expected! Very positive!
6-9-2019 Newshound Guru chattels Article quote: "The political, economic, and social environment in the area has not changed, ..." The insecurity and instability caused by continuing armed internal conflicts in Iraq are compounded by political stagnation. I fear that we have a long way to go before there is any substantial appreciation in the value of the dinar. I am invested, but not infatuated. Hopeful, but not optimistic. Bowed, but not beaten.
6-9-2019 Newshound Guru chattels Article quote: "The political, economic, and social environment in the area has not changed, ..." The insecurity and instability caused by continuing armed internal conflicts in Iraq are compounded by political stagnation. I fear that we have a long way to go before there is any substantial appreciation in the value of the dinar. I am invested, but not infatuated. Hopeful, but not optimistic. Bowed, but not beaten.
6-8-2019 Newshound Guru Kaperoni [can anybody provide some insight as to what is going on with this investment? Why are they not moving forward?] It's Eid al-Fitr which is a holiday..so nothing is happening right now.
6-8-2019 Newshound/Intel Guru David M. Witty Iraqi political sources say there are moves by some blocs to replace current PM Abdel-Mahdi with former PM Abadi. Some are irritated at Abdel-Mahdi's slowness in implementing his planned program & inability to fill all cabinet positions.
6-8-2019 Newshound Guru Breitling People are asking why has a floodgate opened in Iraq and all the articles coming that's good news? A lot of people are asking "is it because they're anticipating the oil prices"...Something else has happened...Iraq has made a decision...Iraq has pivoted towards us [United States and the west] and it's strictly financial and a numbers game and it's the way it should be.
6-8-2019 Newshound/Intel Guru Mnt Goat ...just recently they lifted the barriers in the Green Zone and it is not fully opened to the public. Does this mean security is pretty good? Yes, I would say this is a good indication...
6-8-2019 Intel Guru RayRen98 Thursday Update...We have to update the update. [Reference RayRen98 post 6-6-2019]: IRAQI TV IS BROADCASTING PRIME MINISTER MAHDI RESIGNS HIS POSITION STATING THAT HE COULD NOT COMPLETE HIS CABINET DUE TO POLITICAL DIFFERENCES. An hour or so later, Mahdi said he didn’t say that. Today he is on TV saying he has the names of the ministers and will submit them. He didn’t say when. So, what is really going on?
6-8-2019 Newshound/Intel Guru David M. Witty Iraqi political sources say there are moves by some blocs to replace current PM Abdel-Mahdi with former PM Abadi. Some are irritated at Abdel-Mahdi's slowness in implementing his planned program & inability to fill all cabinet positions.
6-8-2019 Newshound Guru Breitling People are asking why has a floodgate opened in Iraq and all the articles coming that's good news? A lot of people are asking "is it because they're anticipating the oil prices"...Something else has happened...Iraq has made a decision...Iraq has pivoted towards us [United States and the west] and it's strictly financial and a numbers game and it's the way it should be.
6-8-2019 Newshound/Intel Guru Mnt Goat ...just recently they lifted the barriers in the Green Zone and it is not fully opened to the public. Does this mean security is pretty good? Yes, I would say this is a good indication...
6-8-2019 Intel Guru RayRen98 Thursday Update...We have to update the update. [Reference RayRen98 post 6-6-2019]: IRAQI TV IS BROADCASTING PRIME MINISTER MAHDI RESIGNS HIS POSITION STATING THAT HE COULD NOT COMPLETE HIS CABINET DUE TO POLITICAL DIFFERENCES. An hour or so later, Mahdi said he didn’t say that. Today he is on TV saying he has the names of the ministers and will submit them. He didn’t say when. So, what is really going on?
6-7-2019 Intel Guru MarkZ [Is this whole RV this a big scam?] I have seen so much paperwork and the gold treaty…I know too many people involved in this at high levels and I know for a fact a lot has been done to bring this to fruition...that no way do I think this is a scam. It is just a “when” not an “if”.
6-7-2019 Intel Guru Eagleone2025 THE JUNE 6- JUNE 9 IS THE SEASON. SUNDAY IS JUNE 9…FIRST THE WAR THEN THE VICTORY...THEN THE JUBILEE. THE JUBILEE IS WHEN U ARE IN THE BANK. I SEE THIS AS A TIME TO GET READY.
6-7-2019 Newshound Guru larrykn I always thought if the PM can't get things moving they would replace him but yet he is still there...this is why I say we are sitting here for awhile.
6-7-2019 Intel Guru MarkZ ...imo all the past intel was not wrong...its just been building on each other... just more pieces to the big puzzle...I firmly believe we are past the point of no return. [Mark do you think we will be exchanging in June?] I think that we will be in the banks on june 11th. Many people think I am wrong about we won’t be in the banks until next week…many still think based on who they talk to, that it will be sooner...and we will see the 800 numbers today or this weekend. I hope they are right and I am wrong...
6-7-2019 Intel Guru Bruce ...We know that there is information suggesting we are just about ready for everything to go...The President wants everything to be right as this is released, but as far as we know from our top banking sources today and I mean top, that there doesn’t appear to be anything else that needs to be done. I heard information that suggests we could be in really good shape before lunch time tomorrow [Friday]. So, we will see. We understand right now everything is available to begin. It is all coming together. ...I would not be surprised by lunchtime tomorrow [Friday] we have what it is what we are looking for. [post 2 of 2]
6-7-2019 Intel Guru Bruce [via PinkRoses] We had some information that looked like we were going to go yesterday [Wednesday] evening actually...the release of the toll-free number. I would also given another time in the night last night and that did not occur. We understand there are some specific release codes that were to be entered before the toll-free numbers are to be released. My understanding is that those release codes have been entered. Forex is coming up tonight [Thursday] at around 11 pm EST. It is a major deal with new currencies and new rates showing up on the screens. [post 1 of 2....stay tuned]
6-7-2019 Newshound/Intel Guru Mnt Goat Article: "ADOPTION OF THE FINANCIAL MANAGEMENT LAW HAS BECOME A CONTROL TOOL ON THE PUBLIC BUDGET" Quote: "the budget 2020 will be a control budget enhanced the final accounts from 2012 to 2018." WOW...can it get any clearer with telling us they plan to reinstate their currency by 2020 without telling us? Note the 2012 – 2018 talk of the 2020 budget being a “control budget enhanced for final accounts from 2012 to 2018. The question still is when? But we see progress as they are issuing the small category notes slowly.
6-7-2019 Intel Guru Eagleone2025 THE JUNE 6- JUNE 9 IS THE SEASON. SUNDAY IS JUNE 9…FIRST THE WAR THEN THE VICTORY...THEN THE JUBILEE. THE JUBILEE IS WHEN U ARE IN THE BANK. I SEE THIS AS A TIME TO GET READY.
6-7-2019 Newshound Guru larrykn I always thought if the PM can't get things moving they would replace him but yet he is still there...this is why I say we are sitting here for awhile.
6-7-2019 Intel Guru MarkZ ...imo all the past intel was not wrong...its just been building on each other... just more pieces to the big puzzle...I firmly believe we are past the point of no return. [Mark do you think we will be exchanging in June?] I think that we will be in the banks on june 11th. Many people think I am wrong about we won’t be in the banks until next week…many still think based on who they talk to, that it will be sooner...and we will see the 800 numbers today or this weekend. I hope they are right and I am wrong...
6-7-2019 Intel Guru Bruce ...We know that there is information suggesting we are just about ready for everything to go...The President wants everything to be right as this is released, but as far as we know from our top banking sources today and I mean top, that there doesn’t appear to be anything else that needs to be done. I heard information that suggests we could be in really good shape before lunch time tomorrow [Friday]. So, we will see. We understand right now everything is available to begin. It is all coming together. ...I would not be surprised by lunchtime tomorrow [Friday] we have what it is what we are looking for. [post 2 of 2]
6-7-2019 Intel Guru Bruce [via PinkRoses] We had some information that looked like we were going to go yesterday [Wednesday] evening actually...the release of the toll-free number. I would also given another time in the night last night and that did not occur. We understand there are some specific release codes that were to be entered before the toll-free numbers are to be released. My understanding is that those release codes have been entered. Forex is coming up tonight [Thursday] at around 11 pm EST. It is a major deal with new currencies and new rates showing up on the screens. [post 1 of 2....stay tuned]
6-7-2019 Newshound/Intel Guru Mnt Goat Article: "ADOPTION OF THE FINANCIAL MANAGEMENT LAW HAS BECOME A CONTROL TOOL ON THE PUBLIC BUDGET" Quote: "the budget 2020 will be a control budget enhanced the final accounts from 2012 to 2018." WOW...can it get any clearer with telling us they plan to reinstate their currency by 2020 without telling us? Note the 2012 – 2018 talk of the 2020 budget being a “control budget enhanced for final accounts from 2012 to 2018. The question still is when? But we see progress as they are issuing the small category notes slowly.
6-6-2019 Intel Guru MarkZ It has been a great news day. Very upbeat!
6-6-2019 Newshound/Intel Guru Mnt Goat The news today is all very good. Iraq seems to be moving ahead in all fronts. They are now re-building their electric grid. The US under mobile is coming in to build refineries. Trump has beefed up military support to help prevent an ISIS re-insurgence. Mahdi has said he has candidates for his cabinet and they will be voted on very soon. He does plan to complete his cabinet by the end of June after the holiday (holy day). Meanwhile the Eid al-Fitr holiday continues in Iraq. The ‘Financial Management Law” is passed and...Like the financial committee has told us this is the law the CBI needs to go ahead with the project to delete the zeros and reform the currency (which includes reinstating it back to the currency exchanges so it can openly trade once again). We still wait and watch.
6-6-2019 Intel Guru RayRen98 IRAQI TV IS BROADCASTING PRIME MINISTER MAHDI RESIGNS HIS POSITION STATING THAT HE COULD NOT COMPLETE HIS CABINET DUE TO POLITICAL DIFFERENCES.
6-6-2019 Intel Guru EagleOne2025 [via PDK] ...WE WAIT AND SEE. HOPE AND PRAY FOR THE RELEASE. IT IS A PROCESS. THE TOP PEOPLE ARE IN CHARGE. THERE WAS ALOT OF MOVEMENT AT HIGH LEVELS. I HAVE NOT CONFIRM YET BUT THERE WAS A SECURITY ISSUE. WE ARE STILL MOVING ALONG. WE ARE STILL IN A GOOD WINDOW. ...EVERYTHING IS READY AND HIGH ALERT...ALL WE NEED TO DO IS GET TO BANK...
6-6-2019 Intel Guru MarkZ [via PDK] I personally think this is the quiet before the storm…or maybe we are in the eye of the storm…Our homeland security contacts were positive we were going to see it yesterday...No idea what the delay was yesterday…There is high expectations for today still from everyone I have talked to. Some banking contacts have told me that screens are acting crazy today on the currency side of it...rates flashing on and off…I have not seen any of this myself. So this is second hand rumors…maybe a good sign...we really hope for big news today.
6-6-2019 Intel Guru RayRen98 IT'S DONE...IT'S FINISHED...THE RV IS ON ITS' WAY...NO MORE TALKIN'-NO MORE TESTIN'...BRING IT ON ALREADY!
6-6-2019 Newshound/Intel Guru Mnt Goat The news today is all very good. Iraq seems to be moving ahead in all fronts. They are now re-building their electric grid. The US under mobile is coming in to build refineries. Trump has beefed up military support to help prevent an ISIS re-insurgence. Mahdi has said he has candidates for his cabinet and they will be voted on very soon. He does plan to complete his cabinet by the end of June after the holiday (holy day). Meanwhile the Eid al-Fitr holiday continues in Iraq. The ‘Financial Management Law” is passed and...Like the financial committee has told us this is the law the CBI needs to go ahead with the project to delete the zeros and reform the currency (which includes reinstating it back to the currency exchanges so it can openly trade once again). We still wait and watch.
6-6-2019 Intel Guru RayRen98 IRAQI TV IS BROADCASTING PRIME MINISTER MAHDI RESIGNS HIS POSITION STATING THAT HE COULD NOT COMPLETE HIS CABINET DUE TO POLITICAL DIFFERENCES.
6-6-2019 Intel Guru EagleOne2025 [via PDK] ...WE WAIT AND SEE. HOPE AND PRAY FOR THE RELEASE. IT IS A PROCESS. THE TOP PEOPLE ARE IN CHARGE. THERE WAS ALOT OF MOVEMENT AT HIGH LEVELS. I HAVE NOT CONFIRM YET BUT THERE WAS A SECURITY ISSUE. WE ARE STILL MOVING ALONG. WE ARE STILL IN A GOOD WINDOW. ...EVERYTHING IS READY AND HIGH ALERT...ALL WE NEED TO DO IS GET TO BANK...
6-6-2019 Intel Guru MarkZ [via PDK] I personally think this is the quiet before the storm…or maybe we are in the eye of the storm…Our homeland security contacts were positive we were going to see it yesterday...No idea what the delay was yesterday…There is high expectations for today still from everyone I have talked to. Some banking contacts have told me that screens are acting crazy today on the currency side of it...rates flashing on and off…I have not seen any of this myself. So this is second hand rumors…maybe a good sign...we really hope for big news today.
6-6-2019 Intel Guru RayRen98 IT'S DONE...IT'S FINISHED...THE RV IS ON ITS' WAY...NO MORE TALKIN'-NO MORE TESTIN'...BRING IT ON ALREADY!
6-5-2019 Intel Guru MarkZ I really thought we would have our numbers by 5 Pm today...but no bad news at all...Still hearing we are on track to get started tomorrow. Hearing we have past the point of no return…There are 209 countries involved in this reset and that has never been done before...We did hear that Chase bank was called in to help WF to make sure they can meet the requirements to have all the exchanges done quickly...we really are that close...a lot of things I am not allowed to share. I still believe the dinar will be in the $4-6 range and the dong in the $2 range
6-5-2019 Newshound Guru chattels Not a lot of news [articles ?] today. I suppose the Eid al-Fitr celebration has something to do with it.
6-5-2019 Intel Guru MarkZ [via PDK] Some Whales in the 4a group started yesterday….most have appointments tomorrow morning…we are all standing in line and we should all be excited that the box office is now open… In Europe- they expect all exchanges Thursday morning as well. ...We are seeing a lot of progress …but it is very frustrating. We really expect big news out this afternoon [Any news from your Iraq contact…] They fully expected a rate this morning in the Gazette...it didn’t happen...so that doesn’t mean the RV cant happen now…it just means it wont be published until at least Sat. which is when the next Gazette comes out. New rates can happen at any time.
6-5-2019 Intel Guru Bruce ...my understanding was they did make it known that their lower denominations were available in their ATMS. They let it be known their currency was gold backed. Yes, and it had revalued.
...Here is the thing. We still are not going to know about that or get that rate until it is really time for us to go for our exchanges. ...I am speaking about Dinar specifically. Same thing with the Dong. The Dong is going to be right up there not too far from the value of the Dinar, much closer than we all thought. ...we are this close to finalizing where we are. We are so close, and I do feel we are finally arriving at the destination we all been waiting for. I am going to say the next couple of days we should be there...I got very strong information from at least 2 sources that agree on the timing. [post 2 of 2]
6-5-2019 Intel Guru Bruce [via PinkRoses] ...again today I was given two times to look for the toll-free numbers...Upon further inspection and further information, it became clear we were not going to get them today...I am going to say this...The banks and Redemption Centers have been on high alert in what we would call Red High Alert for...for several days... It appears that the toll-free numbers coming out are the trigger...This could be everything going...Now, that is coming from pretty strong authority. ...Sunday we had some confirmations...that Iraq and Iran had both revalued their currency in country. We did see some rates on the Iraqi Dinar that were very good, but those were in country. Those are not the rates we are going to have on the front screen of our banks. The front screen rates should be a little over double what those rates were. [post 1 of 2....stay tuned]
6-5-2019 Intel Guru Footforward
1) I'm not a fan of the GCR. We didn't have to have a reset for the dinar to go down. You don't need one for the dinar to go up. I actually also believe QE [Quantitative easing] ...infinity actually helps our cause. Eventually you get a good backed currency, but there are steps.
2) 1) RV of the dinar.
2) That money gets pumped into the economy and large amounts of paper
money get sucked into the system with a low interest rate
3) You wait for your currency to get stronger and then buy gold in exchange
for Oil.
4) then you go to gold backed.
6-5-2019 Newshound/Intel Guru Mnt Goat I hope everyone understands now that we were told in an article by parliament that the “Financial Management Law” (or the “Law of Financial Administration” as is also called) is the parliamentary law, or the vehicle, to which the CBI needs to have to work with the parliament ot orchestrate this change of the currency. This is why I keep saying to watch now for the progress of this new law in parliament and the implementation of it. Remember the finance committee told us not too long ago...that within this current session of parliament they intend to go ahead with the currency reforms. ...This is going to happen! They are working on it. [post 2 of 2]
6-5-2019 Newshound/Intel Guru Mnt Goat Article: "DIRECTOR GENERAL OF THE CENTRAL BANK EXPLAINS FUTURE PROGRESS OF REFORMING THE IRAQI DINAR" This is HUGE! Very good news! This is a WOW article and is once again telling us the project to delete the zeros (and...reinstatement we wait for) is in the control of legislation from parliament and not the central government of the prime minister, as is why it was stopped in 2012 under the corruption of Nori al-Maliki. [post 1 of 2....stay tuned]
6-5-2019 Newshound Guru chattels Not a lot of news [articles ?] today. I suppose the Eid al-Fitr celebration has something to do with it.
6-5-2019 Intel Guru MarkZ [via PDK] Some Whales in the 4a group started yesterday….most have appointments tomorrow morning…we are all standing in line and we should all be excited that the box office is now open… In Europe- they expect all exchanges Thursday morning as well. ...We are seeing a lot of progress …but it is very frustrating. We really expect big news out this afternoon [Any news from your Iraq contact…] They fully expected a rate this morning in the Gazette...it didn’t happen...so that doesn’t mean the RV cant happen now…it just means it wont be published until at least Sat. which is when the next Gazette comes out. New rates can happen at any time.
6-5-2019 Intel Guru Bruce ...my understanding was they did make it known that their lower denominations were available in their ATMS. They let it be known their currency was gold backed. Yes, and it had revalued.
...Here is the thing. We still are not going to know about that or get that rate until it is really time for us to go for our exchanges. ...I am speaking about Dinar specifically. Same thing with the Dong. The Dong is going to be right up there not too far from the value of the Dinar, much closer than we all thought. ...we are this close to finalizing where we are. We are so close, and I do feel we are finally arriving at the destination we all been waiting for. I am going to say the next couple of days we should be there...I got very strong information from at least 2 sources that agree on the timing. [post 2 of 2]
6-5-2019 Intel Guru Bruce [via PinkRoses] ...again today I was given two times to look for the toll-free numbers...Upon further inspection and further information, it became clear we were not going to get them today...I am going to say this...The banks and Redemption Centers have been on high alert in what we would call Red High Alert for...for several days... It appears that the toll-free numbers coming out are the trigger...This could be everything going...Now, that is coming from pretty strong authority. ...Sunday we had some confirmations...that Iraq and Iran had both revalued their currency in country. We did see some rates on the Iraqi Dinar that were very good, but those were in country. Those are not the rates we are going to have on the front screen of our banks. The front screen rates should be a little over double what those rates were. [post 1 of 2....stay tuned]
6-5-2019 Intel Guru Footforward
1) I'm not a fan of the GCR. We didn't have to have a reset for the dinar to go down. You don't need one for the dinar to go up. I actually also believe QE [Quantitative easing] ...infinity actually helps our cause. Eventually you get a good backed currency, but there are steps.
2) 1) RV of the dinar.
2) That money gets pumped into the economy and large amounts of paper
money get sucked into the system with a low interest rate
3) You wait for your currency to get stronger and then buy gold in exchange
for Oil.
4) then you go to gold backed.
6-5-2019 Newshound/Intel Guru Mnt Goat I hope everyone understands now that we were told in an article by parliament that the “Financial Management Law” (or the “Law of Financial Administration” as is also called) is the parliamentary law, or the vehicle, to which the CBI needs to have to work with the parliament ot orchestrate this change of the currency. This is why I keep saying to watch now for the progress of this new law in parliament and the implementation of it. Remember the finance committee told us not too long ago...that within this current session of parliament they intend to go ahead with the currency reforms. ...This is going to happen! They are working on it. [post 2 of 2]
6-5-2019 Newshound/Intel Guru Mnt Goat Article: "DIRECTOR GENERAL OF THE CENTRAL BANK EXPLAINS FUTURE PROGRESS OF REFORMING THE IRAQI DINAR" This is HUGE! Very good news! This is a WOW article and is once again telling us the project to delete the zeros (and...reinstatement we wait for) is in the control of legislation from parliament and not the central government of the prime minister, as is why it was stopped in 2012 under the corruption of Nori al-Maliki. [post 1 of 2....stay tuned]
6-4-2019 Intel Guru MarkZ Its my opinion that if you just go into a bank to exchange – you will only get the street rate…whereas if you call and make a apt at the redemption centers you will get higher contract rates...If you are...following the Dinar sites you are not the “general public”...you know to wait for 800 numbers and make an apt...so banks consider you part of a “informed” group...We are hearing we will be done before the public sees the new rates…..so they won’t post the new rates on forex until we have exchanged at redemption centers...My forex source expects to see new rates Thursday Night…. [NOTE: Talk to your financial advisor at the appropriate time.]
6-4-2019 Intel Guru Delta Article: "Stop issuing card "Key Card" and replace it with "Master Card Rafidain" Quote: "Key Card" issued in the past will be replaced by the new issue of cards, "Master Card Rafidain" within a timetable." WE WERE WAITING FOR THIS...FINALLY MOVING FROM REGULAR K CARD...TO MASTER CARD...BOOOM...HUGE...
6-4-2019 Intel Guru Eagleone2025 MY MILITARY AND BANK CONTACTS SAID THAT THEY ARE PROJECTING RELEASE VERY SOON...I ASKED HOW SOON …THEY ARE PROJECTING 48 -72 HOURS…SECURITY IS VERY HIGH. HOWEVER WE COULD GET A GO AT ANYTIME…REMEMBER IT IS A DAY BY DAY PROCESS…BANKING CONTACT TOLD ME THEY WERE GOING TO BE WORKING VERY LONG HOURS.
6-4-2019 Intel Guru MarkZ News is all over the place this morning...according to the Reno people – today is still expected to be “value day” …they are watching between 10 am to 5 pm for 800 numbers (Reno time). I am scratching my head about the differences from Reno contacts versus Europe contacts...Reno is geared up for today and the rest of the world is telling me big start on Thursday AM...Keep in mind that the Reno groups are being told this by the US Treasury and people in positions of power and authority. From contact in Iraq- as of yesterday they are ready to go. They are done, ready and prepared…just waiting on an announcement. I have great faith in my sources...they are telling me what they sincerely believe to be true... We have a lot to watch between now and Thursday AM.
6-4-2019 Newshound/Intel Guru Mnt Goat We have seen the evidence of this recently with the smaller category 50 dinar being reintroduced. I am told to watch for the 100 dinar notes as this will be a sign that the reinstatement is VERY close... I am told this is not something that is going to happen months from now but is in the implementation phase right now and we can expect something in the next few weeks. Folks this is WOW! news. We can only hold on and wait and see what happens next... [post 2 of 2]
6-4-2019 Newshound/Intel Guru Mnt Goat So we know we were waiting for the “Financial Administration law” to be passed in parliament. Is it now passed? Some say it is done but I have not see any articles on it. I called my CBI contact in Iraq and they said it is passed and they have gotten the word weeks ago by the finance committee to move ahead with launching more of the smaller category notes for the project to delete the zeros. So they have been doing so. [post 1 of 2....stay tuned]
6-4-2019 Newshound Guru Adam Montana Iraq is not specifically included or excluded from it, despite the founding information you can see above, and they are in prime position (GOLDEN OPPORTUNITY) to monetize their place in the deal. I don't know what else I can say about it...Iraq is in the best place we could hope for. Ramadan is nearing it's end, we are looking at a live fuse attached to a financial firework, and I won't be surprised if they light the fuse before 4th of July. Not that Iraq cares about the 4th of July... that date just happens to mesh with the "live fuse" metaphor, and the timing is right...I'm excited to be on this side of the microphone as things go down! [post 2 of 2]
6-4-2019 Newshound Guru Adam Montana Article: "Parliamentary Economy: Iraq has a golden opportunity to increase its oil production" Last week, I was expecting a particular bit of news out of Iraq, based on conversations with my personal contacts. This isn't earth shattering news, on the surface...it's very positive for us... I've been talking about how the current OPEC agreement is a huge "ace in the hole" for Iraq. That article above is the biggest "bat signal" imaginable! I'll spell it out real quick - OPEC (The Organization of the Petroleum Exporting Countries is an intergovernmental organization of 14 nations, founded in 1960 in Baghdad by the first five members, and headquartered since 1965 in Vienna, Austria. Wikipedia) currently has an understanding / agreement to limit production. [post 1 of 2....stay tuned]
6-4-2019 Intel Guru Delta Article: "Stop issuing card "Key Card" and replace it with "Master Card Rafidain" Quote: "Key Card" issued in the past will be replaced by the new issue of cards, "Master Card Rafidain" within a timetable." WE WERE WAITING FOR THIS...FINALLY MOVING FROM REGULAR K CARD...TO MASTER CARD...BOOOM...HUGE...
6-4-2019 Intel Guru Eagleone2025 MY MILITARY AND BANK CONTACTS SAID THAT THEY ARE PROJECTING RELEASE VERY SOON...I ASKED HOW SOON …THEY ARE PROJECTING 48 -72 HOURS…SECURITY IS VERY HIGH. HOWEVER WE COULD GET A GO AT ANYTIME…REMEMBER IT IS A DAY BY DAY PROCESS…BANKING CONTACT TOLD ME THEY WERE GOING TO BE WORKING VERY LONG HOURS.
6-4-2019 Intel Guru MarkZ News is all over the place this morning...according to the Reno people – today is still expected to be “value day” …they are watching between 10 am to 5 pm for 800 numbers (Reno time). I am scratching my head about the differences from Reno contacts versus Europe contacts...Reno is geared up for today and the rest of the world is telling me big start on Thursday AM...Keep in mind that the Reno groups are being told this by the US Treasury and people in positions of power and authority. From contact in Iraq- as of yesterday they are ready to go. They are done, ready and prepared…just waiting on an announcement. I have great faith in my sources...they are telling me what they sincerely believe to be true... We have a lot to watch between now and Thursday AM.
6-4-2019 Newshound/Intel Guru Mnt Goat We have seen the evidence of this recently with the smaller category 50 dinar being reintroduced. I am told to watch for the 100 dinar notes as this will be a sign that the reinstatement is VERY close... I am told this is not something that is going to happen months from now but is in the implementation phase right now and we can expect something in the next few weeks. Folks this is WOW! news. We can only hold on and wait and see what happens next... [post 2 of 2]
6-4-2019 Newshound/Intel Guru Mnt Goat So we know we were waiting for the “Financial Administration law” to be passed in parliament. Is it now passed? Some say it is done but I have not see any articles on it. I called my CBI contact in Iraq and they said it is passed and they have gotten the word weeks ago by the finance committee to move ahead with launching more of the smaller category notes for the project to delete the zeros. So they have been doing so. [post 1 of 2....stay tuned]
6-4-2019 Newshound Guru Adam Montana Iraq is not specifically included or excluded from it, despite the founding information you can see above, and they are in prime position (GOLDEN OPPORTUNITY) to monetize their place in the deal. I don't know what else I can say about it...Iraq is in the best place we could hope for. Ramadan is nearing it's end, we are looking at a live fuse attached to a financial firework, and I won't be surprised if they light the fuse before 4th of July. Not that Iraq cares about the 4th of July... that date just happens to mesh with the "live fuse" metaphor, and the timing is right...I'm excited to be on this side of the microphone as things go down! [post 2 of 2]
6-4-2019 Newshound Guru Adam Montana Article: "Parliamentary Economy: Iraq has a golden opportunity to increase its oil production" Last week, I was expecting a particular bit of news out of Iraq, based on conversations with my personal contacts. This isn't earth shattering news, on the surface...it's very positive for us... I've been talking about how the current OPEC agreement is a huge "ace in the hole" for Iraq. That article above is the biggest "bat signal" imaginable! I'll spell it out real quick - OPEC (The Organization of the Petroleum Exporting Countries is an intergovernmental organization of 14 nations, founded in 1960 in Baghdad by the first five members, and headquartered since 1965 in Vienna, Austria. Wikipedia) currently has an understanding / agreement to limit production. [post 1 of 2....stay tuned]
6-3-2019 Newshound Guru G-Lin Article: "Parliament will resume its meetings on the 11th of June" Quote: "The presidency of the Council attributed to the resumption of meetings of the Council after the Eid, on Tuesday, June 11, 2019."
6-3-2019 Intel Guru MarkZ [We have always heard the IQN is the lench pin for the roll out..if it shows up with new rate on FOREX tomorrow does that mean all other currencies new rate will show up as well?] My belief is “yes” there are some that will not revalue yet...there will be 4 baskets in all …the entire rollout will take up to 2 years...6 months between each basket is the plan.
6-3-2019 Intel Guru EagleOne2025 [via PDK] THIS PROCESS HAS BEEN LONG... STAND STRONG...IT IS A DAY BY DAY PROCESS...THIS JUBILEE IS SET TO RELEASE. ...WE ARE VERY CLOSE NOW...THREE DAYS OF BANK MEETINGS ARE GOING ON NOW...THERE IS HIGH LEVEL BANK MEETING GOING WITH HSBC OFFICIALS MON.-WED...NY AND DC HAS BEEN GIVEN CLEAR OPERATION RELEASE...THEY ARE PLANING 800# VERY SOON. ...I AM BEING TOLD JUNE 6-9 IS PROJECTED TIME...WE WAIT AND SEE.
6-3-2019 Intel Guru MarkZ [via PDK] My contact in Reno was up very early...they were told nothing is off track…just moving slower then expected...a lot of work was done this weekend…they are looking for 800 numbers today...and that tomorrow will be “value day”...he still seems very excited. [Please explain value day] That means all the currencies have a new value…..it will be fixed….we will be able to see it everywhere… ...My contacts from Redemption centers did report to work bright and early this morning. I think now they are desperately trying to complete this...logistically its taking longer then everyone thought.
6-3-2019 Newshound Guru MilitiaMan With the FML Amendment being passed on or around May 22 of this month tells me that they have a time clock on things now per the Constitution requirements. The President is to or has signed the law. Even if he doesn't it becomes law imo within 15 days or at that mark regardless if he signed it. Then off to the gazette it goes which is understood to be about 3-4 days. Thus, they have it geared to finish up in June, imo. The amendment has the data needed for the new currency and the 2020 budget with that new currency in mind imo...
6-3-2019 Intel Guru MarkZ [We have always heard the IQN is the lench pin for the roll out..if it shows up with new rate on FOREX tomorrow does that mean all other currencies new rate will show up as well?] My belief is “yes” there are some that will not revalue yet...there will be 4 baskets in all …the entire rollout will take up to 2 years...6 months between each basket is the plan.
6-3-2019 Intel Guru EagleOne2025 [via PDK] THIS PROCESS HAS BEEN LONG... STAND STRONG...IT IS A DAY BY DAY PROCESS...THIS JUBILEE IS SET TO RELEASE. ...WE ARE VERY CLOSE NOW...THREE DAYS OF BANK MEETINGS ARE GOING ON NOW...THERE IS HIGH LEVEL BANK MEETING GOING WITH HSBC OFFICIALS MON.-WED...NY AND DC HAS BEEN GIVEN CLEAR OPERATION RELEASE...THEY ARE PLANING 800# VERY SOON. ...I AM BEING TOLD JUNE 6-9 IS PROJECTED TIME...WE WAIT AND SEE.
6-3-2019 Intel Guru MarkZ [via PDK] My contact in Reno was up very early...they were told nothing is off track…just moving slower then expected...a lot of work was done this weekend…they are looking for 800 numbers today...and that tomorrow will be “value day”...he still seems very excited. [Please explain value day] That means all the currencies have a new value…..it will be fixed….we will be able to see it everywhere… ...My contacts from Redemption centers did report to work bright and early this morning. I think now they are desperately trying to complete this...logistically its taking longer then everyone thought.
6-3-2019 Newshound Guru MilitiaMan With the FML Amendment being passed on or around May 22 of this month tells me that they have a time clock on things now per the Constitution requirements. The President is to or has signed the law. Even if he doesn't it becomes law imo within 15 days or at that mark regardless if he signed it. Then off to the gazette it goes which is understood to be about 3-4 days. Thus, they have it geared to finish up in June, imo. The amendment has the data needed for the new currency and the 2020 budget with that new currency in mind imo...
6-2-2019 Newshound Guru MilitiaMan Article: "Daily rates of the exchange rate of the Iraqi dinar against the US dollar in the markets of Iraq" More direct data that once the rate changes, the spread sheet can be updated and reported accordingly in the same effective format.. imo.
6-2-2019 Intel Guru Delta Report: "Currency and Price Stability" [...so this is saying that IF the dinar was international, the rate would be somewhere in the $1.71 to $2+?.] IN 2017 [the dinar] WAS WORTH 1.71 BUT NOW IT SHOULD BE WORTH AT LEAST IN A MID 2 RANGE...BUT WE DON'T KNOW WHAT THEY WILL DO UNTIL CBI POST THE NEW RATE...WE KNOW SHABIBI SAID IN THE PAST THAT THE GOAL IS TO MAKE THE IQD LIKE IT USED TO BE IN 70-80 ...AROUND $2.85...BUT AGAIN WE DON'T KNOW IF THE PLAN STILL THE SAME ...
6-2-2019 Newshound Guru MilitiaMan Article: "The Iraqi Central Bank is preparing to open up to the world" Quote: "...the implementation of this survey comes as a result of the spread of this profession, which is due to the private sector taking the foreign and internal transfers, after being confined to the Central Bank of Iraq." Wow...They are going public (private) and global. The money is going international... Wow...This is huge...imo! They are now not confined. They are opening up to the world just as they said they would. The Private Sector is now going to drive capital formation. Exactly why they have been talking about the citizens and there savings. The private sector doing internal and foreign transfers of money is an international thing. That has requirements and rules to follow ...Sure looks like more signs of article 8... ...The CBI told us they were to expand the exchange rate and the gold database. Now this one is telling us they are doing things with transfers...Gotta love the timing. imo.
6-2-2019 Newshound/Intel Guru Mnt Goat Article: "SIEMENS HAS STARTED WORK ON CONTRACTS FOR THE FIRST PHASE OF IRAQ'S ELECTRICITY DEVELOPMENT IN IRAQ" We know that within the project to delete the zeros includes electronic banking. Oh -this means they need electricity….right? So can you see how having electricity 24/7 again throughout Iraq can only help in this process. Lets’ see you have the banks that need it for international transfers of funds, ATM machines need it, merchant shops for Point of Sale transactions need it, etc, etc,. So this is a really good this to push Iraq forward. Is this the hold up for the reinstatement? NO! But it can only help.
6-2-2019 Intel Guru Delta Report: "Currency and Price Stability" [...so this is saying that IF the dinar was international, the rate would be somewhere in the $1.71 to $2+?.] IN 2017 [the dinar] WAS WORTH 1.71 BUT NOW IT SHOULD BE WORTH AT LEAST IN A MID 2 RANGE...BUT WE DON'T KNOW WHAT THEY WILL DO UNTIL CBI POST THE NEW RATE...WE KNOW SHABIBI SAID IN THE PAST THAT THE GOAL IS TO MAKE THE IQD LIKE IT USED TO BE IN 70-80 ...AROUND $2.85...BUT AGAIN WE DON'T KNOW IF THE PLAN STILL THE SAME ...
6-2-2019 Newshound Guru MilitiaMan Article: "The Iraqi Central Bank is preparing to open up to the world" Quote: "...the implementation of this survey comes as a result of the spread of this profession, which is due to the private sector taking the foreign and internal transfers, after being confined to the Central Bank of Iraq." Wow...They are going public (private) and global. The money is going international... Wow...This is huge...imo! They are now not confined. They are opening up to the world just as they said they would. The Private Sector is now going to drive capital formation. Exactly why they have been talking about the citizens and there savings. The private sector doing internal and foreign transfers of money is an international thing. That has requirements and rules to follow ...Sure looks like more signs of article 8... ...The CBI told us they were to expand the exchange rate and the gold database. Now this one is telling us they are doing things with transfers...Gotta love the timing. imo.
6-2-2019 Newshound/Intel Guru Mnt Goat Article: "SIEMENS HAS STARTED WORK ON CONTRACTS FOR THE FIRST PHASE OF IRAQ'S ELECTRICITY DEVELOPMENT IN IRAQ" We know that within the project to delete the zeros includes electronic banking. Oh -this means they need electricity….right? So can you see how having electricity 24/7 again throughout Iraq can only help in this process. Lets’ see you have the banks that need it for international transfers of funds, ATM machines need it, merchant shops for Point of Sale transactions need it, etc, etc,. So this is a really good this to push Iraq forward. Is this the hold up for the reinstatement? NO! But it can only help.
6-1-2019 Newshound Guru MilitiaMan Article: "Foreign exchange rates against the dollar for the period (1995-2018)" ...Notification they are ready to roll.. imo!
6-1-2019 Intel Guru RayRen98 Parliament voted on Thursday and passed the law that was passed by the financial committee last week relating directly to the rise of the currency exchange rate. This has not been made public yet. We are as of this moment expecting to see the release of the 100 dinar note anytime between now and the Jun 7th. This will conclude the release of the lower denoms and the start of the RV release shortly after.
6-1-2019 Newshound/Intel Guru Mnt Goat Sadr already told parliament a week ago to do something about it. Then we heard that this is planned to be fixed before the end of the current parliamentary session and that the PARLIAMENTARY FINANCE HAS COMPLEMENTED THE “FINANCIAL MANAGEMENT LAW”. This law is supposed to be the path to forcing the CBI to act upon the corruption in the currency auctions and move ahead with the project to delete the zeros (which we know will bring us the reinstatement and thus a significant increase in the value of the dinar) [post 2 of 2]
6-1-2019 Newshound Guru MilitiaMan I believe if one steps back an thinks about the totality of all these [articles] the CBI has provided today, one may take the view that they are clearly talking very loudly! They clearly want the people to understand what is happening. This is more escorting now that I can remember. Collectively with all we have before, us there are not hiding what is to come.. imo A good thing...
6-1-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQI INDUSTRY DELIBERATELY KILLED BY CURRENCY AUCTIONS" Of course, we as investors all see it too so this news is not new to us. The important part if more and more people in high positions in parliament are frustrated too and see that the lack of reinstating the currency is killing any prospects for any real progress in Iraq. The delay is all due to corruption and nothing more. So over the last couple weeks we have had four (4) articles already on this topic so the pressure is building to do something about it. [post 1 of 2....stay tuned]
6-1-2019 Intel Guru Eagleone2025 THIS IS A DAY BY DAY PROCESS AND THEN WE WILL GET TO THE BANKS ONE DAY SOON. IT IS IN THE PROCESS…. THE BANKS SOURCES YESTERDAY HAVE SAID THEY WERE GOING INTO MEETING AND HAVE BEEN TOLD TO WAIT UNTIL THEY HAD RELEASE. …IT IS VERY CLOSE IS WHAT I WAS TOLD FROM NY AND DC...
6-1-2019 Intel Guru RayRen98 Parliament voted on Thursday and passed the law that was passed by the financial committee last week relating directly to the rise of the currency exchange rate. This has not been made public yet. We are as of this moment expecting to see the release of the 100 dinar note anytime between now and the Jun 7th. This will conclude the release of the lower denoms and the start of the RV release shortly after.
6-1-2019 Newshound/Intel Guru Mnt Goat Sadr already told parliament a week ago to do something about it. Then we heard that this is planned to be fixed before the end of the current parliamentary session and that the PARLIAMENTARY FINANCE HAS COMPLEMENTED THE “FINANCIAL MANAGEMENT LAW”. This law is supposed to be the path to forcing the CBI to act upon the corruption in the currency auctions and move ahead with the project to delete the zeros (which we know will bring us the reinstatement and thus a significant increase in the value of the dinar) [post 2 of 2]
6-1-2019 Newshound Guru MilitiaMan I believe if one steps back an thinks about the totality of all these [articles] the CBI has provided today, one may take the view that they are clearly talking very loudly! They clearly want the people to understand what is happening. This is more escorting now that I can remember. Collectively with all we have before, us there are not hiding what is to come.. imo A good thing...
6-1-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQI INDUSTRY DELIBERATELY KILLED BY CURRENCY AUCTIONS" Of course, we as investors all see it too so this news is not new to us. The important part if more and more people in high positions in parliament are frustrated too and see that the lack of reinstating the currency is killing any prospects for any real progress in Iraq. The delay is all due to corruption and nothing more. So over the last couple weeks we have had four (4) articles already on this topic so the pressure is building to do something about it. [post 1 of 2....stay tuned]
6-1-2019 Intel Guru Eagleone2025 THIS IS A DAY BY DAY PROCESS AND THEN WE WILL GET TO THE BANKS ONE DAY SOON. IT IS IN THE PROCESS…. THE BANKS SOURCES YESTERDAY HAVE SAID THEY WERE GOING INTO MEETING AND HAVE BEEN TOLD TO WAIT UNTIL THEY HAD RELEASE. …IT IS VERY CLOSE IS WHAT I WAS TOLD FROM NY AND DC...
5-31-2019 Intel Guru Frank26 Article: "The Iraqi Central Bank is preparing to open up to the world" The CBI have been talking a lot! About the reinstatement of the Iraqi Dinar! Did you see what they said today? This is a historic day! We told you that a lot of things needed to be in place…and now they need to be activated! They are expanding their gold reserves for the reinstatement of the Iraqi Dinar! And then they are expanding their exchange rate!!
5-31-2019 Newshound Guru MilitiaMan Article: "Monthly rates of exchange rate of the Iraqi dinar against the US dollar in the Iraqi market" This...is keeping things in a historical perspective and it dates back 45 years. The Glory Days. Why do they give that much information one may ask. My thinking is that they need to make people aware of what they could possibly expect to come again...more than once they told us they want to come back to the Glory Days... IMO This one supports they just might...imo.
5-31-2019 Intel Guru MarkZ ...2 of my contacts in Hong Kong and Brisbane, Australia were allowed to deposit their currency but were told they would not have liquid funds until Tuesday Morning…It appears there may be a world-wide event on that day... Contacts at redemption centers were just told not to come in this weekend…but to have a conference call Sunday night and start Monday AM…This tells me they do not expect to release 800 numbers this weekend.... [What rate could the dong rv at?] I still believe the dong will reset at about $2 to $2.50…just imo. [How many currency holders do you think there are?] I think there are a million or so ...but only maybe 15-20 thousand who have a real significant amount…world changing amount. Just IMO.
5-31-2019 Intel Guru Bruce ...let’s just start with at the Redemption Centers...our understanding is yes they are staffed and on call 24/7....should they release the toll-free number, they are available to take appointments. ...we are at the point where we have very little to do before receiving that number...I have been expecting it for yesterday and today, and actually put on high alert for it yesterday and yet today [Thursday]. That is how close we are and that is why I do not have a whole lot of Intel. ...Yes. We are ready for a great weekend. We do not know exactly when the start is...
5-31-2019 Intel Guru DELTA Article: "Central Bank: The deletion of zeros aims to tighten banknotes and needs parliamentary legislation" Quote: "On the subject of the deletion of zeros, he said that "this administrative process aimed at tightening the banknotes and improve the accounting record in the country was launched in 2012, but there are some objections at the time and need legislation by the House of Representatives..." ...FML WAS PASSED SO LEGISLATION IS DONE.
5-31-2019 Newshound Guru MilitiaMan Article: "Daily exchange rates of the US dollar in the markets of Iraq" The CBI is keeping things fresh and open in peoples minds during this time frame. Education is on going and will continue! A good thing...
5-31-2019 Newshound Guru Bloodloch I do...think we're getting close, just from the more legitimate news reports we've been getting.
5-31-2019 Newshound Guru MilitiaMan Article: "Monthly rates of exchange rate of the Iraqi dinar against the US dollar in the Iraqi market" This...is keeping things in a historical perspective and it dates back 45 years. The Glory Days. Why do they give that much information one may ask. My thinking is that they need to make people aware of what they could possibly expect to come again...more than once they told us they want to come back to the Glory Days... IMO This one supports they just might...imo.
5-31-2019 Intel Guru MarkZ ...2 of my contacts in Hong Kong and Brisbane, Australia were allowed to deposit their currency but were told they would not have liquid funds until Tuesday Morning…It appears there may be a world-wide event on that day... Contacts at redemption centers were just told not to come in this weekend…but to have a conference call Sunday night and start Monday AM…This tells me they do not expect to release 800 numbers this weekend.... [What rate could the dong rv at?] I still believe the dong will reset at about $2 to $2.50…just imo. [How many currency holders do you think there are?] I think there are a million or so ...but only maybe 15-20 thousand who have a real significant amount…world changing amount. Just IMO.
5-31-2019 Intel Guru Bruce ...let’s just start with at the Redemption Centers...our understanding is yes they are staffed and on call 24/7....should they release the toll-free number, they are available to take appointments. ...we are at the point where we have very little to do before receiving that number...I have been expecting it for yesterday and today, and actually put on high alert for it yesterday and yet today [Thursday]. That is how close we are and that is why I do not have a whole lot of Intel. ...Yes. We are ready for a great weekend. We do not know exactly when the start is...
5-31-2019 Intel Guru DELTA Article: "Central Bank: The deletion of zeros aims to tighten banknotes and needs parliamentary legislation" Quote: "On the subject of the deletion of zeros, he said that "this administrative process aimed at tightening the banknotes and improve the accounting record in the country was launched in 2012, but there are some objections at the time and need legislation by the House of Representatives..." ...FML WAS PASSED SO LEGISLATION IS DONE.
5-31-2019 Newshound Guru MilitiaMan Article: "Daily exchange rates of the US dollar in the markets of Iraq" The CBI is keeping things fresh and open in peoples minds during this time frame. Education is on going and will continue! A good thing...
5-31-2019 Newshound Guru Bloodloch I do...think we're getting close, just from the more legitimate news reports we've been getting.
5-30-2019 Newshound/Intel Guru Mnt Goat We are at a stand-off now waiting for more progress to happen in Iraq. Their entire plan for funding the reconstruction effort has fallen apart just like I said it would if they did not reinstate the dinar and attract this investment money. We also know the Iranian influence in politics is holding up the remaining ministers. ...We also know the Iranian influence in trade is effecting the corruption of funneling US dollars to Iran to overcome some of the US sanctions on Iran. We see more smaller category notes being placed in banks. They pay the CBI for these notes by turning in the larger three zero notes they have collected from the currency auctions, etc, etc. ...there is really NOTHING, other than corruption being allowed by the CBI, holding back the reinstatement from taking place. So we just sit tight and wait to see what happens next.
5-30-2019 Newshound Guru Bloodloch The new 50 dinar note, as someone pointed out, is worth about 5 US cents. I believe this may be the start of a transition to a new, more valuable "class" of currency, one made of very small denominations, but of very large value. People may tend to panic when they consider Iraq coming out with a new currency that will, EVENTUALLY, replace their old triple zero notes, but they should not. The CBI has reportedly stated that both currencies will exist side by side for years. This would actually explain what they meant by that statement. ...once they issue the new very low denominations of dinars, and if they declare them to be equal to a US dollar, I believe the face value of total currency issued will drop precipitously and we will see a positive change in the foreign exchange rate of the old IQD within 60 days, given Iraq's current velocity of money figure of about once every two months. THIS IS JUST THEORYCRAFT AND JUST ONE OPINION OF HOW IT MIGHT OCCUR, NOT HOW IT WILL OCCUR.
5-30-2019 Intel Guru MarkZ Everyone at the Redemption centers that I personally know are on high alert. ...Hearing that 800 #s will be for international folks as well… [Will this ever really happen?] This will absolutely happen... Its not an “if” it’s a “when”...
5-30-2019 Intel/Newshound Guru American Contractor The Iraqi economic conditions are gradually getting better...The country is receiving more foreign investment as its coming in slowly...but the recent conditions like higher oil prices and higher public and private investment...Iraq is getting better. Iraq is working within the parameter of the World Bank and International Monetary Fund...The spread between the official and parallel exchange rate is getting closer (2%). Iraq has low inflation. Some say in the single digits. The Iraqi dinar is pegged to the USD. The CBI is using that to keep the inflation low. The CBI money supply has been contracting started last year. This may be a good thing. Will have to wait and see what develops with the IQD.
5-30-2019 Newshound/Intel Guru Mnt Goat When is the turning point then when Iraq finally moves completely into Article 8 of the IMF charter for member nations and then operates fully in this capacity? ...for now this has not yet “fully” happened. All I can say to you, without a shadow of a doubt, is that they still plan to implement “fully” the project to delete the zeros and issue some day the other smaller category notes. They appear to be phasing them in slowly, just as they said they would... [post 2 of 2]
5-30-2019 Newshound/Intel Guru Mnt Goat Last week the CBI issued yet anther smaller category note (50 dinar) along with the 250, 500 and 1000. ...The CBI is really trying to keep these larger 3 zero notes off the streets (5k, 10k, 25k and 50k notes). These are the ones they needed to reduce by 2/3 of the project to delete the zeros was to be successful...The CBI is being successful in slowly helping the citizens become more and more reliant on these smaller category notes. ...Is this not exactly what the CBI said they needed to happen when they say these larger 3 zero notes would remain and “coincide” with the smaller category notes? So what the CBI set up is working. Only it takes time to take hold to the degree they need... [post 1 of 2...stay tuned]
5-30-2019 Newshound Guru Bloodloch The new 50 dinar note, as someone pointed out, is worth about 5 US cents. I believe this may be the start of a transition to a new, more valuable "class" of currency, one made of very small denominations, but of very large value. People may tend to panic when they consider Iraq coming out with a new currency that will, EVENTUALLY, replace their old triple zero notes, but they should not. The CBI has reportedly stated that both currencies will exist side by side for years. This would actually explain what they meant by that statement. ...once they issue the new very low denominations of dinars, and if they declare them to be equal to a US dollar, I believe the face value of total currency issued will drop precipitously and we will see a positive change in the foreign exchange rate of the old IQD within 60 days, given Iraq's current velocity of money figure of about once every two months. THIS IS JUST THEORYCRAFT AND JUST ONE OPINION OF HOW IT MIGHT OCCUR, NOT HOW IT WILL OCCUR.
5-30-2019 Intel Guru MarkZ Everyone at the Redemption centers that I personally know are on high alert. ...Hearing that 800 #s will be for international folks as well… [Will this ever really happen?] This will absolutely happen... Its not an “if” it’s a “when”...
5-30-2019 Intel/Newshound Guru American Contractor The Iraqi economic conditions are gradually getting better...The country is receiving more foreign investment as its coming in slowly...but the recent conditions like higher oil prices and higher public and private investment...Iraq is getting better. Iraq is working within the parameter of the World Bank and International Monetary Fund...The spread between the official and parallel exchange rate is getting closer (2%). Iraq has low inflation. Some say in the single digits. The Iraqi dinar is pegged to the USD. The CBI is using that to keep the inflation low. The CBI money supply has been contracting started last year. This may be a good thing. Will have to wait and see what develops with the IQD.
5-30-2019 Newshound/Intel Guru Mnt Goat When is the turning point then when Iraq finally moves completely into Article 8 of the IMF charter for member nations and then operates fully in this capacity? ...for now this has not yet “fully” happened. All I can say to you, without a shadow of a doubt, is that they still plan to implement “fully” the project to delete the zeros and issue some day the other smaller category notes. They appear to be phasing them in slowly, just as they said they would... [post 2 of 2]
5-30-2019 Newshound/Intel Guru Mnt Goat Last week the CBI issued yet anther smaller category note (50 dinar) along with the 250, 500 and 1000. ...The CBI is really trying to keep these larger 3 zero notes off the streets (5k, 10k, 25k and 50k notes). These are the ones they needed to reduce by 2/3 of the project to delete the zeros was to be successful...The CBI is being successful in slowly helping the citizens become more and more reliant on these smaller category notes. ...Is this not exactly what the CBI said they needed to happen when they say these larger 3 zero notes would remain and “coincide” with the smaller category notes? So what the CBI set up is working. Only it takes time to take hold to the degree they need... [post 1 of 2...stay tuned]
5-29-2019 Newshound Guru Adam Montana We are just about through Ramadan, and this holiday has been a busy one. Historically, nothing significant has happened during Ramadan. To be more to the point, nothing at all usually happens during Ramadan...that has not been the case! I won't get into the "list" this morning, but Iraq has been very productive. Things are advancing! Ramadan is over around the 4th of June (it's different for some areas). Eid al fitr follows. The bottom line for us is pretty simple... once Ramadan is over, there is a short following holiday, and then it's "game on" for government and we are officially ready for big things. ...OIL - saw a little dip, but still stable and trending solid. No worries there.
5-29-2019 Intel Guru Eagleone2025 ...INTEL IS INTEL GOOD AND BAD. IT CHANGES DAY BY DAY. THIS IS A PROCESS...JUST REMAIN CALM...
5-29-2019 Intel Guru MarkZ ...the news isn’t bad…it’s just not what we want yet. I am as frustrated as you are...I am still being told that today is “value” day….and we will see the 800 numbers...we shall see.
5-29-2019 Intel Guru Bruce Now, if the ATMS are on in the airports in Iraq, they are probably turned on elsewhere, but we know specifically the ones at the airport are working with lower denominations. That means you have an in-country revaluation of the Iraqi Dinar. Now, we know that certain things that happen even in Iraq are kept from us here until the exact proper time for it to be revealed...Things are quiet. People are under NDAs or gag orders, and that even though we do not like not getting something sometimes, that is a good sign. That means things are right there...I am going to tell you that we are very close. [post 2 of 2]
5-29-2019 Intel Guru Bruce [via PinkRoses] I want people to realize that this is a real thing. This is happening. This is a global currency reset. This is not just the revaluation of one currency or two currencies...I feel very confident about what it is we are waiting for...Things were looking like we were going to get started over the weekend. We read things about it. We saw some things. There was a possibility of it, but guess what? Didn’t get it. We know Iraq on Saturday turned on their ATM machines at the airports with the lower denominations. [post 1 of 2....stay tuned]
5-29-2019 Intel/Newshound Guru American Contractor In Iraq, they're articles written every day to mislead you...A week ago, I received information that the Iraq Central Bank (CBI) was distributing old banknotes. This is a false story. The CBI is not distributing any Iraqi dinar currency that is old or what you would consider lower denominations.
5-29-2019 Intel Guru Eagleone2025 ...INTEL IS INTEL GOOD AND BAD. IT CHANGES DAY BY DAY. THIS IS A PROCESS...JUST REMAIN CALM...
5-29-2019 Intel Guru MarkZ ...the news isn’t bad…it’s just not what we want yet. I am as frustrated as you are...I am still being told that today is “value” day….and we will see the 800 numbers...we shall see.
5-29-2019 Intel Guru Bruce Now, if the ATMS are on in the airports in Iraq, they are probably turned on elsewhere, but we know specifically the ones at the airport are working with lower denominations. That means you have an in-country revaluation of the Iraqi Dinar. Now, we know that certain things that happen even in Iraq are kept from us here until the exact proper time for it to be revealed...Things are quiet. People are under NDAs or gag orders, and that even though we do not like not getting something sometimes, that is a good sign. That means things are right there...I am going to tell you that we are very close. [post 2 of 2]
5-29-2019 Intel Guru Bruce [via PinkRoses] I want people to realize that this is a real thing. This is happening. This is a global currency reset. This is not just the revaluation of one currency or two currencies...I feel very confident about what it is we are waiting for...Things were looking like we were going to get started over the weekend. We read things about it. We saw some things. There was a possibility of it, but guess what? Didn’t get it. We know Iraq on Saturday turned on their ATM machines at the airports with the lower denominations. [post 1 of 2....stay tuned]
5-29-2019 Intel/Newshound Guru American Contractor In Iraq, they're articles written every day to mislead you...A week ago, I received information that the Iraq Central Bank (CBI) was distributing old banknotes. This is a false story. The CBI is not distributing any Iraqi dinar currency that is old or what you would consider lower denominations.
5-28-2019 Intel Guru MarkZ Still on standby. I was asked to stay close to my streaming equipment today. I take that as a very good sign. ...So close it is hard on my nerves.
5-28-2019 Newshound Guru Adam Montana [Can the RV happen any day of the week, any week and or any month (of) the year or would it happen only during certain times of the year?] Any day, any time.
5-28-2019 Intel Guru MarkZ [via PDK] ...What we are being told right now...is watch for 800 numbers after the west coast opens today…The West coast opens about noon EST…and yes I am a little salty that we havn’t been allowed to release them yet. Im also feeling a bit jaded as we have been told every day since Thursday we would get to release them that day. But we are watching closely after the west coast opens. I am trying to manage my expectations... I do feel this is extremely close and I want this as much as all of you want it. ...I am told the rates are locked in... Remember Warren Buffet has invested over 17 million in the Iraqi Dinar. So we are as crazy as Warren Buffet for believing in the RV of the Iraqi Dinar. If I did not firmly believe this is real…I wouldn’t be doing this everyday. But I still believe this will happen at anytime.
5-28-2019 Newshound Guru MilitiaMan Article: "The House of Representatives votes on the Financial Management Act" The FMA is enacted ...and now at the Gazette. imo...WOW.! This is what secured the ROAD MAP's completion set out on March 20th of 2019.. The goal is and was to raise the IQD exchange rate. [post 2 of 2]
5-28-2019 Newshound/Intel Guru Mnt Goat Article: "EUROPEAN CURRENCY DECLINES IN FRONT OF IRAQI DINAR" So...as the Iraqi economy grows and the 1190 rate persists it is causing problems of disparity amongst the other currencies and trade must be hard with having to convert all the time using these larger three zero notes and very large list of digits.
5-28-2019 Newshound Guru Adam Montana [Can the RV happen any day of the week, any week and or any month (of) the year or would it happen only during certain times of the year?] Any day, any time.
5-28-2019 Intel Guru MarkZ [via PDK] ...What we are being told right now...is watch for 800 numbers after the west coast opens today…The West coast opens about noon EST…and yes I am a little salty that we havn’t been allowed to release them yet. Im also feeling a bit jaded as we have been told every day since Thursday we would get to release them that day. But we are watching closely after the west coast opens. I am trying to manage my expectations... I do feel this is extremely close and I want this as much as all of you want it. ...I am told the rates are locked in... Remember Warren Buffet has invested over 17 million in the Iraqi Dinar. So we are as crazy as Warren Buffet for believing in the RV of the Iraqi Dinar. If I did not firmly believe this is real…I wouldn’t be doing this everyday. But I still believe this will happen at anytime.
5-28-2019 Newshound Guru MilitiaMan Article: "The House of Representatives votes on the Financial Management Act" The FMA is enacted ...and now at the Gazette. imo...WOW.! This is what secured the ROAD MAP's completion set out on March 20th of 2019.. The goal is and was to raise the IQD exchange rate. [post 2 of 2]
5-28-2019 Newshound/Intel Guru Mnt Goat Article: "EUROPEAN CURRENCY DECLINES IN FRONT OF IRAQI DINAR" So...as the Iraqi economy grows and the 1190 rate persists it is causing problems of disparity amongst the other currencies and trade must be hard with having to convert all the time using these larger three zero notes and very large list of digits.
5-27-2019 Intel Guru RayRen98 It has been reported to me that Iraq is AGAIN using the 50 Dinar note along with the 100, 250 and 500 values. Iraq has announced that The Green Zone will be 100% open on a 24-hour basis starting the first day of EID which commences immediately after Ramadan...
5-27-2019 Intel Guru Eagleone2025 IT IS MY UNDERSTANDING THAT TRUMP HAS SIGNED EVERYTHING TO GET THIS DONE. WE ARE WAITING FOR ACTIVATION OF #...
5-27-2019 Intel Guru MarkZ [via PDK] I have been told that a number of intel providers were given the 800 #s…and yes I verified this information...they are just not allowed to give them out yet…they are waiting for permission to send them out…we are all waiting to send them out sometime today... and we can set appointments to start exchanging tomorrow. They will be all over the place...you will not miss these numbers! We heard that the new rates have been released in Iraq... Hearing the international release in Iraq will be Tuesday. [Any news on the rates?] ...I am not allowed to talk about them. [ Do you believe the RV will happen this year?] I believe it may have already happened…I believe we will see it very soon.
5-27-2019 Newshound Guru MilitiaMan Article quote...Wednesday 20 March 2019: "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." This is from the past that I just went back to find and look what the plan was. That plan is being finished. It is the plan to raise the rate of the IQD...It is the FMA enacted, yesterday...Times are good! imo. [post 1 of 2....stay tuned]
5-27-2019 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank of Iraq would like to inform all banks that IT IS CONTINUING TO PROVIDE THEM WITH SMALL GROUPS OF THE IRAQI CURRENCY by withdrawing the amounts from the current balances with this bank." These are the 250, 500 and 1000 categories but...they are adding back the 50 category. WOW! This is what we expected. The CBI is slowly phasing-in the other smaller category notes. Actually we expected the 100 category notes next... Will we get the others too shortly? Remember the 50 note is worth a nickel at 1190 rate (.050).
5-27-2019 Intel Guru Eagleone2025 IT IS MY UNDERSTANDING THAT TRUMP HAS SIGNED EVERYTHING TO GET THIS DONE. WE ARE WAITING FOR ACTIVATION OF #...
5-27-2019 Intel Guru MarkZ [via PDK] I have been told that a number of intel providers were given the 800 #s…and yes I verified this information...they are just not allowed to give them out yet…they are waiting for permission to send them out…we are all waiting to send them out sometime today... and we can set appointments to start exchanging tomorrow. They will be all over the place...you will not miss these numbers! We heard that the new rates have been released in Iraq... Hearing the international release in Iraq will be Tuesday. [Any news on the rates?] ...I am not allowed to talk about them. [ Do you believe the RV will happen this year?] I believe it may have already happened…I believe we will see it very soon.
5-27-2019 Newshound Guru MilitiaMan Article quote...Wednesday 20 March 2019: "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." This is from the past that I just went back to find and look what the plan was. That plan is being finished. It is the plan to raise the rate of the IQD...It is the FMA enacted, yesterday...Times are good! imo. [post 1 of 2....stay tuned]
5-27-2019 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank of Iraq would like to inform all banks that IT IS CONTINUING TO PROVIDE THEM WITH SMALL GROUPS OF THE IRAQI CURRENCY by withdrawing the amounts from the current balances with this bank." These are the 250, 500 and 1000 categories but...they are adding back the 50 category. WOW! This is what we expected. The CBI is slowly phasing-in the other smaller category notes. Actually we expected the 100 category notes next... Will we get the others too shortly? Remember the 50 note is worth a nickel at 1190 rate (.050).
5-26-2019 Intel Guru RayRen98 BANKING SEMINARS ARE BEING "PROJECTED" FOR THURSDAY & FRIDAY NEXT WEEK. TIME WILL TELL! BANKING SEMINARS - MEETING WITH BANKS POST RV REGARDING THE TYPES OF SERVICES OFFERED.
5-26-2019 Intel Guru Frank26 AM FILLED WITH JOY DUE TO THE CBI WORDS OF LATE...AM SAD THE NET...SAID NOTHING ABOUT THE PARLIAMENT'S WORDS FROM YESTERDAY...THEY SAID THEY HAVE THE LEGALITIES FOR THEIR CURRENCY TO BE INTERNATIONAL! BUT. IMO. THE WANT OF ONLY A DATE BLINDS...THE LIGHT OF REALITY. WHAT REALITY FRANK26? THE REALITY THAT ...THEY ARE DOING EXACTLY WHAT THEY HAVE AND ARE ...TELLING THE CITIZENS. I AM NOT ASKING ANYONE TO HANG ON TO EVERY WORD I SAY, I AM ASKING EVERYONE TO HANG ON TO EVERY WORD THE CBI IS SAYING...AND NOW EVERY WORD THE PARLIAMENT IS SAYING.
5-26-2019 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank of Iraq has launched the SIFP, which aims to create a regular PARTNERSHIP IN THE FINANCING AND INVESTMENT PROCESS BETWEEN TRADITIONAL AND ISLAMIC BANKS ON THE ONE HAND AND THE PUBLIC AND PRIVATE SECTORS ON THE OTHER HAND" Now it seems to me they are “pulling out all stops” and going to take advantage of everything at their disposal to kickstart their economy. But we know the real reason for the stall. It is the currency. They know it too. Pressure, pressure and more pressure to get the currency reformed. Folks it is just a matter of time for us. Just sit back and relax. They must reinstate the currency soon...
5-26-2019 Intel Guru RayRen98 Parliament announces that all cabinet positions have been filled including the Interior Minister. Names are not yet disclosed, but reportedly Past PM Abadi asserts that the filled positions are crooked politicians and situations are worsened. All below the poverty line have NOT received their 100,000 dinar as promised. Citizens in baghdad are informing us that no rate changes have appeared yet.
5-26-2019 Newshound Guru MilitiaMan Article: "Parliamentary efforts to open the file "currency auction" Having the Financial Law in place is nothing new...nor is it new this year per se, as it was enacted 01/13/2019. The key is the amendments were added now, and are enacted. Get the point? The action is about they have to cease the auctions as we know them to protect the new rate, imo...Wow! The one way street is coming to the end. imo...
5-26-2019 Intel Guru Frank26 AM FILLED WITH JOY DUE TO THE CBI WORDS OF LATE...AM SAD THE NET...SAID NOTHING ABOUT THE PARLIAMENT'S WORDS FROM YESTERDAY...THEY SAID THEY HAVE THE LEGALITIES FOR THEIR CURRENCY TO BE INTERNATIONAL! BUT. IMO. THE WANT OF ONLY A DATE BLINDS...THE LIGHT OF REALITY. WHAT REALITY FRANK26? THE REALITY THAT ...THEY ARE DOING EXACTLY WHAT THEY HAVE AND ARE ...TELLING THE CITIZENS. I AM NOT ASKING ANYONE TO HANG ON TO EVERY WORD I SAY, I AM ASKING EVERYONE TO HANG ON TO EVERY WORD THE CBI IS SAYING...AND NOW EVERY WORD THE PARLIAMENT IS SAYING.
5-26-2019 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank of Iraq has launched the SIFP, which aims to create a regular PARTNERSHIP IN THE FINANCING AND INVESTMENT PROCESS BETWEEN TRADITIONAL AND ISLAMIC BANKS ON THE ONE HAND AND THE PUBLIC AND PRIVATE SECTORS ON THE OTHER HAND" Now it seems to me they are “pulling out all stops” and going to take advantage of everything at their disposal to kickstart their economy. But we know the real reason for the stall. It is the currency. They know it too. Pressure, pressure and more pressure to get the currency reformed. Folks it is just a matter of time for us. Just sit back and relax. They must reinstate the currency soon...
5-26-2019 Intel Guru RayRen98 Parliament announces that all cabinet positions have been filled including the Interior Minister. Names are not yet disclosed, but reportedly Past PM Abadi asserts that the filled positions are crooked politicians and situations are worsened. All below the poverty line have NOT received their 100,000 dinar as promised. Citizens in baghdad are informing us that no rate changes have appeared yet.
5-26-2019 Newshound Guru MilitiaMan Article: "Parliamentary efforts to open the file "currency auction" Having the Financial Law in place is nothing new...nor is it new this year per se, as it was enacted 01/13/2019. The key is the amendments were added now, and are enacted. Get the point? The action is about they have to cease the auctions as we know them to protect the new rate, imo...Wow! The one way street is coming to the end. imo...
5-25-2019 Newshound Guru future for anyone wondering why i was excited to see the FML passed AKA law of financial administration here is a tidbit on why its important Article quote: "...the Committee is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state," pointing out that "the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation In the country". "The Commission is determined to make these changes during the next phase and not to follow the traditional methods are not appropriate at the moment." question is when is the next phase?
5-25-2019 Newshound Guru larrykn I find it funny people look at one thing to make this happen. I still don't see the cabinet seated, which would be security. I still don't see banking laws getting passed. ...here the thing, there is more then one thing, its a process, but I don't think anyone knows what the final thing is to make them move forward...so I just wait and see...but I do like what we are seeing, they are trying anyway.
5-25-2019 Intel Guru RayRen98 I talked with a banking source this morning, they said:
1. "Treasury did NOT instruct them (the banking staff) to report to work today."
2. "Private invitations to exchange should start on Monday and move rapidly." [Yes, I know it's a holiday]
3. "General exchanges should start this week, maybe as early as Tuesday?"
4. "Retail bank locations (the basic branches) would not be utilized for exchange activity."
5-25-2019 Newshound/Intel Guru Mnt Goat However, this time the CBI has gone farther and re-issued the 50 dinar notes too along with the 250, 500 and 1000. This has not been done before. If you can remember way back to 2015 timeframe these 50 dinar notes were discontinued because they were not used and so now they have brought them back. But remember under the 1190 rate they are only worth a nickel (five cents USD) USD. So why bring them back now? Why load the banks with them now...? [post 2 of 2]
5-25-2019 Newshound/Intel Guru Mnt Goat ...we hear new news from the CBI that they are distributing yet more of the 250, 500 and 1000 category notes. WOW! I am excited! ...seems maybe they are moving now slowly and cautiously into the next phase. This move tells us that what they are doing with the electronic banking and elimination of hard currency in circulation of the very large three zero notes is working and emphasis is now all being placed on using the lowest of the already issued lower categories 250, 500 and 1000. [post 1 of 2....stay tuned]
5-25-2019 Intel Guru MarkZ [...are there deadlines we need to pay attention to?] I am being told there are deadlines... When the 800 numbers come out make your apt. ASAP. I am told they want about 10 days after the 800 release for exchanging...
5-25-2019 Newshound Guru larrykn I find it funny people look at one thing to make this happen. I still don't see the cabinet seated, which would be security. I still don't see banking laws getting passed. ...here the thing, there is more then one thing, its a process, but I don't think anyone knows what the final thing is to make them move forward...so I just wait and see...but I do like what we are seeing, they are trying anyway.
5-25-2019 Intel Guru RayRen98 I talked with a banking source this morning, they said:
1. "Treasury did NOT instruct them (the banking staff) to report to work today."
2. "Private invitations to exchange should start on Monday and move rapidly." [Yes, I know it's a holiday]
3. "General exchanges should start this week, maybe as early as Tuesday?"
4. "Retail bank locations (the basic branches) would not be utilized for exchange activity."
5-25-2019 Newshound/Intel Guru Mnt Goat However, this time the CBI has gone farther and re-issued the 50 dinar notes too along with the 250, 500 and 1000. This has not been done before. If you can remember way back to 2015 timeframe these 50 dinar notes were discontinued because they were not used and so now they have brought them back. But remember under the 1190 rate they are only worth a nickel (five cents USD) USD. So why bring them back now? Why load the banks with them now...? [post 2 of 2]
5-25-2019 Newshound/Intel Guru Mnt Goat ...we hear new news from the CBI that they are distributing yet more of the 250, 500 and 1000 category notes. WOW! I am excited! ...seems maybe they are moving now slowly and cautiously into the next phase. This move tells us that what they are doing with the electronic banking and elimination of hard currency in circulation of the very large three zero notes is working and emphasis is now all being placed on using the lowest of the already issued lower categories 250, 500 and 1000. [post 1 of 2....stay tuned]
5-25-2019 Intel Guru MarkZ [...are there deadlines we need to pay attention to?] I am being told there are deadlines... When the 800 numbers come out make your apt. ASAP. I am told they want about 10 days after the 800 release for exchanging...
5-24-2019 Guest Guru future Financial management law is part of the government preparation towards monetary reform...it is indeed a huge part of what we seek.
5-24-2019 Newshound Guru G-Lin Article: "The House of Representatives votes on the Financial Management Law and ends reading the amendment of the provincial and district elections law" ...This FML is a really big deal. It took them a very long time to accomplish it. Apparently over 23 meetings and hundreds of experts including international organizations...I likey.
5-24-2019 Intel Guru Eagleone2025 I HEARD EVERYTHING IS STILL ON TRACK. DAY -BY -DAY. IT IS A PROCESS...MY ASIA CONTACTS ARE HOPEFUL AS THEY ARE WAITING AS WELL. PLEASE UNDERSTAND WE ARE SO VERY CLOSE THIS SHOULD BE DONE VERY SOON. MY HSBC CONTACT IN NY ARE PREPARING FOR A VERY BUSY WEEK. HE TOLD MY THAT EVERYTHING THAT IS BEING SAID WILL COME TOGETHER, HE TOLD ME THIS WILL BE A SIMPLE PROCESS EVERYONE IS WORKING VERY HARD. IT IS VERY CLOSE. THEY ARE HAVE SPECIAL MEETINGS TODAY. HIGH LEVEL
5-24-2019 Intel Guru MarkZ I am feeling awesome today...about how it all should roll out... I had lots of conversations with people in Reno, one in Chicago...people involved with the rollout...I am feeling confident today... I am not under an NDA yet but am hopeful that some of us will be by early evening. That is a big possibility ...Yesterday was a very busy day and everything is positioned and ready. Also was told to expect 800 numbers any time after noon today on the east coast. Many laws in Iraq have been passed this week specifically for the RV...Iraq is not keeping it a secret. [Do you think we will start today or be pushed to after the holiday? Like Tuesday?] I think we are starting this weekend...my connections at redemption centers have been told they are working this weekend.
5-24-2019 Newshound/Intel Guru Mnt Goat ...they are telling us the auctions (the traditional methods) are no longer appropriate for managing their currency. ...it is in the NEXT Phase in which they intend to implement the changes that effect the currency. I assure you it is coming and it may even come even before the end of the year 2020. I surely hope so. All we can is track the progress now of this effort. [post 2 of 2]
5-24-2019 Newshound/Intel Guru Mnt Goat Article quotes: “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”; “THE CHANGE WILL RAISE THE EXCHANGE RATE OF THE IRAQI DINAR AGAINST FOREIGN CURRENCIES”. How will they do this change in the dinar? Quote: “the Committee is keen to enact the LAW OF FINANCIAL ADMINISTRATION as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state." So we know that the Law of Financial Administration is now key and it does include this monetary change. [post 1 of 2....stay tuned]
5-24-2019 Intel Guru MarkZ [via PDK] [...DO YOU KNOW WHAT BANK TO REDEEM IN CANADA?] Royal Bank of Canada is your clearing house is what I am being told.
5-24-2019 Newshound Guru MilitiaMan Article: "The House of Representatives votes on the Federal Financial Management Act" With the CBI talking about issuing small again from account balances, reeks of the Banks know the rate, as they would need to adjust for equivalency would they not? Imo, they would now know since it passed and what it means. I could imagine the people will now start talking about it and even leaking it out to family, friends, neighbors, roof tops, etc...lol.
5-24-2019 Intel Guru Bruce [via PinkRoses] I am excited because I was given some times today to expect to receive the toll-free numbers...we do have two points of views from major banks that are talking about approximate times for release. One is tonight [Thursday]...and the other...was tomorrow morning [Friday]... we know the Redemption Centers are well prepared. ...staff are prepared to go in for long days for exchanges starting tomorrow. We are very excited about the timing we are in. I do believe that we are looking very strong. ...I do not know if the rates are still pending per se, but I believe they are live. That happened today. I just think we are ready for everything to finish up...
5-24-2019 Newshound Guru Adam Montana [I understand oil is over $60 and Iraq has a lot of oil, but oil is only one of the variables...What about; - a fully seated government - HCL, Art 140, FML - IMF Art 8 - administrative and financial corruption - Iran interventionist - development of private sector - diversification of economy..] OIL is indeed only one of the variables. We don't need everything in the list to be perfectly checked off. [It is quite Impressive the shear volume of good news coming out of Iraq lately.] It IS impressive, and keeps getting better!
5-24-2019 Newshound Guru G-Lin Article: "The House of Representatives votes on the Financial Management Law and ends reading the amendment of the provincial and district elections law" ...This FML is a really big deal. It took them a very long time to accomplish it. Apparently over 23 meetings and hundreds of experts including international organizations...I likey.
5-24-2019 Intel Guru Eagleone2025 I HEARD EVERYTHING IS STILL ON TRACK. DAY -BY -DAY. IT IS A PROCESS...MY ASIA CONTACTS ARE HOPEFUL AS THEY ARE WAITING AS WELL. PLEASE UNDERSTAND WE ARE SO VERY CLOSE THIS SHOULD BE DONE VERY SOON. MY HSBC CONTACT IN NY ARE PREPARING FOR A VERY BUSY WEEK. HE TOLD MY THAT EVERYTHING THAT IS BEING SAID WILL COME TOGETHER, HE TOLD ME THIS WILL BE A SIMPLE PROCESS EVERYONE IS WORKING VERY HARD. IT IS VERY CLOSE. THEY ARE HAVE SPECIAL MEETINGS TODAY. HIGH LEVEL
5-24-2019 Intel Guru MarkZ I am feeling awesome today...about how it all should roll out... I had lots of conversations with people in Reno, one in Chicago...people involved with the rollout...I am feeling confident today... I am not under an NDA yet but am hopeful that some of us will be by early evening. That is a big possibility ...Yesterday was a very busy day and everything is positioned and ready. Also was told to expect 800 numbers any time after noon today on the east coast. Many laws in Iraq have been passed this week specifically for the RV...Iraq is not keeping it a secret. [Do you think we will start today or be pushed to after the holiday? Like Tuesday?] I think we are starting this weekend...my connections at redemption centers have been told they are working this weekend.
5-24-2019 Newshound/Intel Guru Mnt Goat ...they are telling us the auctions (the traditional methods) are no longer appropriate for managing their currency. ...it is in the NEXT Phase in which they intend to implement the changes that effect the currency. I assure you it is coming and it may even come even before the end of the year 2020. I surely hope so. All we can is track the progress now of this effort. [post 2 of 2]
5-24-2019 Newshound/Intel Guru Mnt Goat Article quotes: “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”; “THE CHANGE WILL RAISE THE EXCHANGE RATE OF THE IRAQI DINAR AGAINST FOREIGN CURRENCIES”. How will they do this change in the dinar? Quote: “the Committee is keen to enact the LAW OF FINANCIAL ADMINISTRATION as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state." So we know that the Law of Financial Administration is now key and it does include this monetary change. [post 1 of 2....stay tuned]
5-24-2019 Intel Guru MarkZ [via PDK] [...DO YOU KNOW WHAT BANK TO REDEEM IN CANADA?] Royal Bank of Canada is your clearing house is what I am being told.
5-24-2019 Newshound Guru MilitiaMan Article: "The House of Representatives votes on the Federal Financial Management Act" With the CBI talking about issuing small again from account balances, reeks of the Banks know the rate, as they would need to adjust for equivalency would they not? Imo, they would now know since it passed and what it means. I could imagine the people will now start talking about it and even leaking it out to family, friends, neighbors, roof tops, etc...lol.
5-24-2019 Intel Guru Bruce [via PinkRoses] I am excited because I was given some times today to expect to receive the toll-free numbers...we do have two points of views from major banks that are talking about approximate times for release. One is tonight [Thursday]...and the other...was tomorrow morning [Friday]... we know the Redemption Centers are well prepared. ...staff are prepared to go in for long days for exchanges starting tomorrow. We are very excited about the timing we are in. I do believe that we are looking very strong. ...I do not know if the rates are still pending per se, but I believe they are live. That happened today. I just think we are ready for everything to finish up...
5-24-2019 Newshound Guru Adam Montana [I understand oil is over $60 and Iraq has a lot of oil, but oil is only one of the variables...What about; - a fully seated government - HCL, Art 140, FML - IMF Art 8 - administrative and financial corruption - Iran interventionist - development of private sector - diversification of economy..] OIL is indeed only one of the variables. We don't need everything in the list to be perfectly checked off. [It is quite Impressive the shear volume of good news coming out of Iraq lately.] It IS impressive, and keeps getting better!
5-23-2019 Intel Guru Delta Article: "The House of Representatives votes on the Federal Financial Management Act" Quote: "The House of Representatives votes on the Federal Financial Management Act and voted the House of Representatives, on Thursday, the Federal Financial Management Act." YES IT DID PASS I DID SEE IT LIVE ON TV...ALL GOOD TO GO...CONGRATS IRAQ...ONE OF THE BEST NEWS...ONE WAY STREET NO WAY BACK...
5-23-2019 Intel Guru MarkZ [via PDK] According to many- we are right on top of this! I got 4 or 5 calls from Reno - the banking side this afternoon and they say “We are sitting on go”. I heard from my contact at the redemption center and they expect to work all weekend. [Is there anything that can stop this at this point?] No…the most that could happen is brief delays… nothing can stop this. I am told there will be no NDA except for...maybe 30 million or more...IMO. I do think we are there…we have all been burned but I am excited tonight…there is a whole lot I am sitting on that I can’t share…but I really think its ending now.
5-23-2019 Newshound Guru Whitelions Article "...The financial management law has been finalized" its done... done...im jumping up and down...this is a big piece.
5-23-2019 Guest Guru future Article: "...The financial management law has been finalized" Quote: "A member of the Finance Committee Majida Tamimi confirmed on Thursday the finalization of the Financial Management Law." [They said they have voted on the FML but im not sure of the outcome] yea said it was finalized but not sure how many readings we need and for it to become law.
5-23-2019 Intel Guru Delta "THE PARLIAMENTARY FINANCE IS COMPLEMENTED BY THE FINANCIAL MANAGEMENT LAW" Quote: "At the end of the meeting, the Chairman of the Committee announced the completion of discussions on the law and readiness to vote in the House of Representatives on Thursday" ...GRAVEYARD SHIFT GET READY FOR TONIGHT...IF THEY PASS IT THEN TIME TO CELEBRATE....
5-23-2019 Newshound Guru MilitiaMan Article: "THE PARLIAMENTARY FINANCE IS COMPLEMENTED BY THE FINANCIAL MANAGEMENT LAW" Quote: "At the end of the meeting, the Chairman of the Committee announced the completion of discussions on the law and readiness to vote in the House of Representatives on Thursday" They clearly seem to have every intention of completion! Mahdi being home makes it appear to me they have structured their moves so very timely with purpose... I can’t imagine even one member doesn’t show for tomorrow’s vote...if I am wrong then there are some seriously wealthy politicians that will looking at some very unhappy constituents taking off their shoes!!
5-23-2019 Intel Guru Frank26 The CBI is doing what they told you they are doing, telling the citizens...get in here and exchange those worn out lower denoms because you will want the new ones...they will co-exist with the new lower categories and the coins, so you will want the new ones that will have more value, because we are going to lift the 3 zeroes from the exchange rate...they remind them that they are running out of time. ...no denial, no change in plan... [post 2 of 2]
5-23-2019 Intel Guru Frank26 Quote: "...to get the old worn out lower denoms out of circulation in order to put them in position with the new replacement lower denoms that will co-exist with the new small category notes and coing that belong to a new exchange rate soon to be given to you for more purchasing power..." ...you see the CBI come out this morning to remind the citizens again that the lower denoms are about to be replaced because they are going to co-exist with the new small category notes, where the exchange rate, the 3 zeroes will be lifted giving you purchasing power. [post 1 of 2....stay tuned]
5-23-2019 Intel Guru MarkZ [via PDK] According to many- we are right on top of this! I got 4 or 5 calls from Reno - the banking side this afternoon and they say “We are sitting on go”. I heard from my contact at the redemption center and they expect to work all weekend. [Is there anything that can stop this at this point?] No…the most that could happen is brief delays… nothing can stop this. I am told there will be no NDA except for...maybe 30 million or more...IMO. I do think we are there…we have all been burned but I am excited tonight…there is a whole lot I am sitting on that I can’t share…but I really think its ending now.
5-23-2019 Newshound Guru Whitelions Article "...The financial management law has been finalized" its done... done...im jumping up and down...this is a big piece.
5-23-2019 Guest Guru future Article: "...The financial management law has been finalized" Quote: "A member of the Finance Committee Majida Tamimi confirmed on Thursday the finalization of the Financial Management Law." [They said they have voted on the FML but im not sure of the outcome] yea said it was finalized but not sure how many readings we need and for it to become law.
5-23-2019 Intel Guru Delta "THE PARLIAMENTARY FINANCE IS COMPLEMENTED BY THE FINANCIAL MANAGEMENT LAW" Quote: "At the end of the meeting, the Chairman of the Committee announced the completion of discussions on the law and readiness to vote in the House of Representatives on Thursday" ...GRAVEYARD SHIFT GET READY FOR TONIGHT...IF THEY PASS IT THEN TIME TO CELEBRATE....
5-23-2019 Newshound Guru MilitiaMan Article: "THE PARLIAMENTARY FINANCE IS COMPLEMENTED BY THE FINANCIAL MANAGEMENT LAW" Quote: "At the end of the meeting, the Chairman of the Committee announced the completion of discussions on the law and readiness to vote in the House of Representatives on Thursday" They clearly seem to have every intention of completion! Mahdi being home makes it appear to me they have structured their moves so very timely with purpose... I can’t imagine even one member doesn’t show for tomorrow’s vote...if I am wrong then there are some seriously wealthy politicians that will looking at some very unhappy constituents taking off their shoes!!
5-23-2019 Intel Guru Frank26 The CBI is doing what they told you they are doing, telling the citizens...get in here and exchange those worn out lower denoms because you will want the new ones...they will co-exist with the new lower categories and the coins, so you will want the new ones that will have more value, because we are going to lift the 3 zeroes from the exchange rate...they remind them that they are running out of time. ...no denial, no change in plan... [post 2 of 2]
5-23-2019 Intel Guru Frank26 Quote: "...to get the old worn out lower denoms out of circulation in order to put them in position with the new replacement lower denoms that will co-exist with the new small category notes and coing that belong to a new exchange rate soon to be given to you for more purchasing power..." ...you see the CBI come out this morning to remind the citizens again that the lower denoms are about to be replaced because they are going to co-exist with the new small category notes, where the exchange rate, the 3 zeroes will be lifted giving you purchasing power. [post 1 of 2....stay tuned]
5-22-2019 Newshound Guru Adam Montana OIL - no problems there! Still solid, still right where we want.
5-22-2019 Intel Guru MarkZ I am not under a NDA yet this morning...We are still in a great spot today. Out of the news from Baghdad…Article: "Parliamentary move to raise the price of the dinar and maintain the stability of inflation" ...this is not a secret...to all you naysayers out there...it is happening... [What makes this week so different] It is so different right now...I have been sitting on news for 2 days that I am not at liberty to share...that’s why I am not worried... [Are the Banks still on High Alert?] ...Unless they make some serious changes I believe you will have an exchange apt. by Friday or at least the numbers to call.
5-22-2019 Guest Guru future Article: "Council Sessions Agenda...May 23, 2019...For the fourth parliamentary session" Quote: "First: Vote on the draft Financial Management Law. (Finance Committee)."; "the financial management law known as the FML or also known as the Law of financial administration is geared toward raising the value of the dinar against foreign currency while maintaining inflation in the country" seems the first vote is on may 23.
5-22-2019 Newshound Guru Adam Montana DINAR - man-oh-man I can’t wait till the day I get to say “THIS IS IT”! Today isn’t that day, but it’s coming! ...In the beginning of all this, I had to seek out contacts...These days, after being in this circle for so long and meeting so many people - things come to me... from people who are much closer to the inner workings of not only the CBI and Iraq in general, but also many other related organizations and entities... I’m explaining this because although I won’t say “I think we’re going to see an RV within XX days”… I AM getting a really strong vibe right now. The timing is getting close, and the opportunity here is real. Stay positive, friends. We may not have as long a wait as some think.
5-22-2019 Intel Guru Bruce [via PinkRoses] We did get some information today that points us toward toll-free number from a very high source coming out quite possibly before lunch tomorrow [Wednesday]. Now if that were to happen, we also believe there is a good possibility to begin our exchanges...So, we are going to have to see how that all comes together, and see if nothing gets in the way, and if nothing is out there is to stop this. Our understanding is the President wanted this to go...as far as we know, we are still within a so-called deadline...we are in a position where I think we will see something happen here very shortly...
5-22-2019 Guest Guru future ...we got the new international trade bank in SA opening up, we have the FML to be voted on to raise the value of the dinar and protect foreign investors, we have new atms coming out that weren't there before, and now the u.s treasury secretary sitting down making sure they are coming online properly electronically...i'd say things are def. heating up...and we had an article from 2014 saying the raising of the dinar was delayed 5 years...interesting timing for 2019. [post 2 of 2]
5-22-2019 Guest Guru future Article: "Halabousi receives Assistant US Treasury Secretary" Quote: "The meeting discussed the promotion of cooperation between Iraq and the United States of America, especially in the economic and financial fields. The meeting was to enhance the prospects of cooperation between the Iraqi and American banks, and the need to develop the Iraqi banking sector and economic reforms through the activation of electronic systems in the exchange of cash..." great news...economic reforms and electronic banking...my belief is iraq raises the value of the dinar goes full on electronic banking than later on introduces a gold backed electronic dinar. "the activation of electronic systems” could explain those new ATMS popping up in the international airport...its all manifesting itself... [post 1 of 2....stay tuned]
5-22-2019 Intel Guru MarkZ I am not under a NDA yet this morning...We are still in a great spot today. Out of the news from Baghdad…Article: "Parliamentary move to raise the price of the dinar and maintain the stability of inflation" ...this is not a secret...to all you naysayers out there...it is happening... [What makes this week so different] It is so different right now...I have been sitting on news for 2 days that I am not at liberty to share...that’s why I am not worried... [Are the Banks still on High Alert?] ...Unless they make some serious changes I believe you will have an exchange apt. by Friday or at least the numbers to call.
5-22-2019 Guest Guru future Article: "Council Sessions Agenda...May 23, 2019...For the fourth parliamentary session" Quote: "First: Vote on the draft Financial Management Law. (Finance Committee)."; "the financial management law known as the FML or also known as the Law of financial administration is geared toward raising the value of the dinar against foreign currency while maintaining inflation in the country" seems the first vote is on may 23.
5-22-2019 Newshound Guru Adam Montana DINAR - man-oh-man I can’t wait till the day I get to say “THIS IS IT”! Today isn’t that day, but it’s coming! ...In the beginning of all this, I had to seek out contacts...These days, after being in this circle for so long and meeting so many people - things come to me... from people who are much closer to the inner workings of not only the CBI and Iraq in general, but also many other related organizations and entities... I’m explaining this because although I won’t say “I think we’re going to see an RV within XX days”… I AM getting a really strong vibe right now. The timing is getting close, and the opportunity here is real. Stay positive, friends. We may not have as long a wait as some think.
5-22-2019 Intel Guru Bruce [via PinkRoses] We did get some information today that points us toward toll-free number from a very high source coming out quite possibly before lunch tomorrow [Wednesday]. Now if that were to happen, we also believe there is a good possibility to begin our exchanges...So, we are going to have to see how that all comes together, and see if nothing gets in the way, and if nothing is out there is to stop this. Our understanding is the President wanted this to go...as far as we know, we are still within a so-called deadline...we are in a position where I think we will see something happen here very shortly...
5-22-2019 Guest Guru future ...we got the new international trade bank in SA opening up, we have the FML to be voted on to raise the value of the dinar and protect foreign investors, we have new atms coming out that weren't there before, and now the u.s treasury secretary sitting down making sure they are coming online properly electronically...i'd say things are def. heating up...and we had an article from 2014 saying the raising of the dinar was delayed 5 years...interesting timing for 2019. [post 2 of 2]
5-22-2019 Guest Guru future Article: "Halabousi receives Assistant US Treasury Secretary" Quote: "The meeting discussed the promotion of cooperation between Iraq and the United States of America, especially in the economic and financial fields. The meeting was to enhance the prospects of cooperation between the Iraqi and American banks, and the need to develop the Iraqi banking sector and economic reforms through the activation of electronic systems in the exchange of cash..." great news...economic reforms and electronic banking...my belief is iraq raises the value of the dinar goes full on electronic banking than later on introduces a gold backed electronic dinar. "the activation of electronic systems” could explain those new ATMS popping up in the international airport...its all manifesting itself... [post 1 of 2....stay tuned]
5-21-2019 Intel Guru Eagleone2025 A LOT IS GOING ON TODAY...MY PHONE HAS BEEN RINGING OFF THE HOOK...MAY 17 -24 IS A GREAT BEGINNING FOR ANOTHER START. WE HOPE IT WILL KEEP GOING AND WE HOPE WE WILL BE IN THE BANKS VERY SOON.
5-21-2019 Intel Guru MarkZ No NDA yet...I am getting leaned on to be very quiet…a number of intel providers are also being leaned on and they have gone quiet. ...I will continue to give you what I believe is safe to share. [who leans on you?] Government contacts and banking contacts... [are you still looking to possibly sign your NDA TODAY?] yes I still think today is very much in play for that today through Thursday...Not a whole lot of movement overnight...we still seem to be stuck on “go”...but, I am not getting any negative news...My contacts at the Redemption Centers are on “stand-by“ and ready . They firmly believe they will be exchanging folks this week. On or before Thursday is what they have been told. I really hope they are right.
5-21-2019 Intel/Newshound Guru tman23 The only possible time Iraq can lift the zeros is start of July (or 2 weeks prior) or start of the New Year (or 2 weeks prior)... July starts the second half of the fiscal year, it was the central bank who said lifting the 3 zeros must be at the start of the New Year and not in the middle of a quarter. But several times they did pass it off till June in delaying the first of the year. NOT rocket science since banks books are adjusted accordingly to these time periods... 4 months and the CBI will have a new governor.
5-21-2019 Newshound/Intel Guru Mnt Goat There is no mention of a scheduled timeframe for voting on the current list of candidates for the last of the four ministers. Coalitions must agree on the candidates of the four ministries vacant, before the beginning of next month June, to avoid constitutional vacuum and legal breach. This is still almost two weeks from now. As usual they will probably play this game right up until the last moment.
5-21-2019 Intel Guru Frank26 Article: "Halabousi receives Assistant US Treasury Secretary" "The meeting was to enhance the prospects of cooperation between the Iraqi and American banks, and the need to develop the Iraqi banking sector and economic reforms through the activation of electronic systems in the exchange of cash..."
5-21-2019 Intel Guru Eagleone2025 JUST TALK TO ASIA CONTACT WAITING HOPEFUL...MILITARY SOURCES ARE LOOKING HAPPY...WE WAIT AS THIS IS CLOSE.
5-21-2019 Intel Guru MarkZ We know we are stinking close...Im giving you all what I am hearing...News was slower today than I expected...we may be looking for a Tuesday or early Wed. event which to me makes the most sense...I am still expecting to be under an NDA at any time...
5-21-2019 Intel Guru MarkZ No NDA yet...I am getting leaned on to be very quiet…a number of intel providers are also being leaned on and they have gone quiet. ...I will continue to give you what I believe is safe to share. [who leans on you?] Government contacts and banking contacts... [are you still looking to possibly sign your NDA TODAY?] yes I still think today is very much in play for that today through Thursday...Not a whole lot of movement overnight...we still seem to be stuck on “go”...but, I am not getting any negative news...My contacts at the Redemption Centers are on “stand-by“ and ready . They firmly believe they will be exchanging folks this week. On or before Thursday is what they have been told. I really hope they are right.
5-21-2019 Intel/Newshound Guru tman23 The only possible time Iraq can lift the zeros is start of July (or 2 weeks prior) or start of the New Year (or 2 weeks prior)... July starts the second half of the fiscal year, it was the central bank who said lifting the 3 zeros must be at the start of the New Year and not in the middle of a quarter. But several times they did pass it off till June in delaying the first of the year. NOT rocket science since banks books are adjusted accordingly to these time periods... 4 months and the CBI will have a new governor.
5-21-2019 Newshound/Intel Guru Mnt Goat There is no mention of a scheduled timeframe for voting on the current list of candidates for the last of the four ministers. Coalitions must agree on the candidates of the four ministries vacant, before the beginning of next month June, to avoid constitutional vacuum and legal breach. This is still almost two weeks from now. As usual they will probably play this game right up until the last moment.
5-21-2019 Intel Guru Frank26 Article: "Halabousi receives Assistant US Treasury Secretary" "The meeting was to enhance the prospects of cooperation between the Iraqi and American banks, and the need to develop the Iraqi banking sector and economic reforms through the activation of electronic systems in the exchange of cash..."
5-21-2019 Intel Guru Eagleone2025 JUST TALK TO ASIA CONTACT WAITING HOPEFUL...MILITARY SOURCES ARE LOOKING HAPPY...WE WAIT AS THIS IS CLOSE.
5-21-2019 Intel Guru MarkZ We know we are stinking close...Im giving you all what I am hearing...News was slower today than I expected...we may be looking for a Tuesday or early Wed. event which to me makes the most sense...I am still expecting to be under an NDA at any time...
5-20-2019 Intel Guru Eagleone2025 [via PDK] I CAN NOT SHARE ALOT...I WAS TOLD BY MY MILITARY CONTACTS AND OTHER OFFICIALS TO KEEP LOW ...I WILL SAY THAT THERE ARE A FEW HIGH LEVEL GUYS WHO TOLD ME THAT THEY WERE SET UP FOR EXCHANGE. DAY BY DAY PROCESS THIS IS A PROCESS...WHEN WILL THE LARGE NUMBER OF PEOPLE GO? I DO NOT KNOW...EAGLE ONE IS NOT UNDER A NDA BUT I KNOW ITS CLOSE. [EAGLEONE Said May 17-24 is a Crucial Window...What say ye?] PEOPLE ARE GETTING PAID...LOOKS LIKE THE INTEL ON MAY 17 -24 WAS GOOD...I WILL SAY A GENERAL WENT IN AND HIS DAY IS SO HAPPY.
5-20-2019 Intel Guru MarkZ [any news on rates?] No news...I can tell you what I believe they may be...what I was told and believe to be accurate... IMO...IQD street rate in the $4’s...Dong $2- $2.25... [So is it time to transfer my TO DO after RV LIST from the stone tablet I first wrote it on to paper?!] LOL yes…according to my friends Fred Flintstone and Barney Rubble...its time...we are really close….imo [post 2 of 2]
5-20-2019 Intel Guru MarkZ [via PDK] I am expecting a very fluid day today...I’m looking for a lot of movement all throughout today... It’s going to be a very busy week guys...a lot is happening... I have been told there are some things I cannot talk about for security reasons. [Any more NDA’s?] Yes...More people now are under NDA's ... My contact in Switzerland went under an NDA on Thursday evening...I am not under one yet guys...I hope to be under an NDA by tomorrow morning... [post 1 of 2....stay tuned]
5-20-2019 Intel/Newshound Guru tman23 Surely every IQD holder knew the Shia militias were a problem and that means IRAN...Last post I made was that on May 6th there was to be a huge transfer of funds paid to US by China. Then out of left field China backed out and change the terms as news reported. ...follow that up with 700 rocket attacks on Israel in one night followed by intelligence of the Iranian threat to US assets. For those that follow the future of China and 'Silk Road" you know of the potential role Iraq plays.
5-20-2019 Newshound/Intel Guru Mnt Goat What does Sadr mean when he says “to give the people back their wealth”? What he means is this. Supposed someone had 2 million dinars before Oct 2003 worth a rate $3+ per dinar (when they decided to convert to the new large 3 zero notes). That was over 6 million US dollars. This 2 million them became almost worthless overnight as the value decreased to about $2,000 US dollars. So, what Sadr is saying is that the people need to regain the value they lost and get back at least their 6 million dollars. Get it? Sadr is not speaking so general as most think. He is very specific in his thinking on this topic... [post 2 of 2]
5-20-2019 Newshound/Intel Guru Mnt Goat ...Moqtada al-Sadr spoke in parliament and stated that he wanted the promised reforms and the “wealth of Iraq given back to the nation”. He is putting pressure on parliament and the GOI to get the reinstatement of the currency, something which is way overdue. There is no reason for this process not to take place other than the corruption going on with the currency auctions and now maybe the Iran fiasco. ...To coincide with Sadr’s efforts we need to watch what the CBI does. They must find a way to curb the corruption in the currency auctions and move ahead with the project to delete the zeros. [post 1 of 2....stay tuned]
5-20-2019 Intel Guru Frank26 The assets of Iraq are incredible...gold, diamonds, oil, food...they've got it. What's interesting is they, IMO, are in international waters.
5-20-2019 Intel Guru MarkZ [any news on rates?] No news...I can tell you what I believe they may be...what I was told and believe to be accurate... IMO...IQD street rate in the $4’s...Dong $2- $2.25... [So is it time to transfer my TO DO after RV LIST from the stone tablet I first wrote it on to paper?!] LOL yes…according to my friends Fred Flintstone and Barney Rubble...its time...we are really close….imo [post 2 of 2]
5-20-2019 Intel Guru MarkZ [via PDK] I am expecting a very fluid day today...I’m looking for a lot of movement all throughout today... It’s going to be a very busy week guys...a lot is happening... I have been told there are some things I cannot talk about for security reasons. [Any more NDA’s?] Yes...More people now are under NDA's ... My contact in Switzerland went under an NDA on Thursday evening...I am not under one yet guys...I hope to be under an NDA by tomorrow morning... [post 1 of 2....stay tuned]
5-20-2019 Intel/Newshound Guru tman23 Surely every IQD holder knew the Shia militias were a problem and that means IRAN...Last post I made was that on May 6th there was to be a huge transfer of funds paid to US by China. Then out of left field China backed out and change the terms as news reported. ...follow that up with 700 rocket attacks on Israel in one night followed by intelligence of the Iranian threat to US assets. For those that follow the future of China and 'Silk Road" you know of the potential role Iraq plays.
5-20-2019 Newshound/Intel Guru Mnt Goat What does Sadr mean when he says “to give the people back their wealth”? What he means is this. Supposed someone had 2 million dinars before Oct 2003 worth a rate $3+ per dinar (when they decided to convert to the new large 3 zero notes). That was over 6 million US dollars. This 2 million them became almost worthless overnight as the value decreased to about $2,000 US dollars. So, what Sadr is saying is that the people need to regain the value they lost and get back at least their 6 million dollars. Get it? Sadr is not speaking so general as most think. He is very specific in his thinking on this topic... [post 2 of 2]
5-20-2019 Newshound/Intel Guru Mnt Goat ...Moqtada al-Sadr spoke in parliament and stated that he wanted the promised reforms and the “wealth of Iraq given back to the nation”. He is putting pressure on parliament and the GOI to get the reinstatement of the currency, something which is way overdue. There is no reason for this process not to take place other than the corruption going on with the currency auctions and now maybe the Iran fiasco. ...To coincide with Sadr’s efforts we need to watch what the CBI does. They must find a way to curb the corruption in the currency auctions and move ahead with the project to delete the zeros. [post 1 of 2....stay tuned]
5-20-2019 Intel Guru Frank26 The assets of Iraq are incredible...gold, diamonds, oil, food...they've got it. What's interesting is they, IMO, are in international waters.
5-19-2019 Newshound Guru G-Lin Article: "Agenda of the session No. (22) Thursday, May 23, 2019" Quote: "First: Vote on the draft Financial Management Law. (Finance Committee)." Vote on FML Thursday I hope.
5-19-2019 Intel Guru Frank26 We can't find any evidence for a delay, we can't find any evidence for no RI. Everywhere you look is nothing but the evidence of an announcement to be made...don't know when. I love what's going on with the Iraqi dinar.
5-19-2019 Intel Guru Frank26 We can't find any evidence for a delay, we can't find any evidence for no RI. Everywhere you look is nothing but the evidence of an announcement to be made...don't know when. I love what's going on with the Iraqi dinar.
5-18-2019 Intel Guru Frank26 I WANTED TO SHARE THE FOLLOWING WITH YOU BECAUSE IF YOU RECALL LAST YEAR WS [Guru Walkingstick] TOLD US THAT THESE ATM'S WERE GOING TO BE PLACED IN STRATEGIC AREAS FOR THE CITIZENS AND THE BORDERS. OUR BROTHER TANK HAS SENT ME THE FOLLOWING...PLEASE ENJOY AND ALSO...PLEASE SMILE. Tank: "Frank, Just coming back into Baghdad, from my 30d of R&R. There is a Master Card ATM here in Baghdad International Airport (BIAP) but it’s not turned on yet. The security personnel here tell me that it will be a while longer before it’s turned on still...Tank"; ; StephenMac63: "imo, they dont drop these machines off and let them sit idle for long...because any location at the airport is major rent...Id bet active in less than a week..."
5-18-2019 Intel Guru RayRen98 BANK CONTACT CALLED LATE LAST NIGHT....SAID GET READY FOR A MONDAY EXCHANGE DAY. TIME WILL TELL...
5-18-2019 Newshound Guru MilitiaMan Another thing to think about is that Alak is the Vice President now of the AMF and will get the seat as President in the next Session. Are we to think he got all his awards, has his name on the new money and gets the nod for highest position at the AMF, second possibly to the IMF with out lifting the value of the IQD? No, He is not going to bring a program rate to drag the other countries down. He will bring value and expertise to the regional trading partners. Lets not forget the amount the AMF exchanges at... It is not a program rate I assure you all imo! ...I agree with [Gurus] Frank(26) and Delta and many others, they are telling us darn near every step they have made. Just not point as point blank and cut and dry as many may want.. But they are.. No delay, just finishing up final touches. imo. [post 2 of 2]
5-18-2019 Newshound Guru MilitiaMan [Referencing WTO Document] ... The part where it says they are members and their status is complete is interesting! Thereby, imo when they lift the exchange rate to trade they, us...as in you and I, the ITB, etc.., will be able to exchange in an international level. Until that happens we wait. ...They will not ever trade internationally at a program rate, nor will they open an operational international Bank in a foreign country using Iraq Dinar with out a significant rate change to reflect international standards and valuation. [post 1 of 2....stay tuned]
5-18-2019 Intel Guru RayRen98 BANK CONTACT CALLED LATE LAST NIGHT....SAID GET READY FOR A MONDAY EXCHANGE DAY. TIME WILL TELL...
5-18-2019 Newshound Guru MilitiaMan Another thing to think about is that Alak is the Vice President now of the AMF and will get the seat as President in the next Session. Are we to think he got all his awards, has his name on the new money and gets the nod for highest position at the AMF, second possibly to the IMF with out lifting the value of the IQD? No, He is not going to bring a program rate to drag the other countries down. He will bring value and expertise to the regional trading partners. Lets not forget the amount the AMF exchanges at... It is not a program rate I assure you all imo! ...I agree with [Gurus] Frank(26) and Delta and many others, they are telling us darn near every step they have made. Just not point as point blank and cut and dry as many may want.. But they are.. No delay, just finishing up final touches. imo. [post 2 of 2]
5-18-2019 Newshound Guru MilitiaMan [Referencing WTO Document] ... The part where it says they are members and their status is complete is interesting! Thereby, imo when they lift the exchange rate to trade they, us...as in you and I, the ITB, etc.., will be able to exchange in an international level. Until that happens we wait. ...They will not ever trade internationally at a program rate, nor will they open an operational international Bank in a foreign country using Iraq Dinar with out a significant rate change to reflect international standards and valuation. [post 1 of 2....stay tuned]
5-17-2019 Intel Guru Eagleone2025 SPECIAL SECURITY MEETING TAKEN PLACE WITH WHITE HOUSE, BANKS, MILITARY OFFICIALS TODAY, SOURCE SAID INTO THE WEEKEND. WHAT I WAS TOLD WAS ABOUT THE RELEASE.
5-17-2019 Intel Guru MarkZ ...I am beyond hopeful that today is the day we get the news...we may not get the money in our pockets yet...but will know when we will...we hope...It will be a pins and needle day today... hopefully they won't drag this out thru the weekend...everything is being put in position for a hell of a launch today? [Are banks on high alert or standby?] Yes they are… [post 2 of 2]
5-17-2019 Intel Guru MarkZ I have gotten no news from Iraq yet today. ...We are at an elevated level of alert today... A couple of, what I call, the “4 horseman” have been moved into position. I cannot share who they are until after the fact. Many others were moved into position to exchange on Monday morning. Some of the folks I know...that I had spent a lot of time with did their NDAs late last night, so I am getting pretty excited...One of my whale contacts is now under an NDA. ...Being under an NDA means they cannot give out any details …they are involved in currency stuff but that is all I can say. [post 1 of 2....stay tuned]
5-17-2019 Intel Guru MarkZ [Mark, can they RV the IQD with all that instability there now? (Pulling US dependents out of Iraq, etc.)] I believe they could still RV and this would allow stability imo…Part of Basel 3 and Basel 3 Banking rules is to remove the politics from the finances. So it would be a major test if they go even with all the instability over there. Many economists believe that region will be much more stable with a stable money.
5-17-2019 Intel Guru Bruce [via PinkRoses] So, here (is) where we are. I told you to keep an eye on things for the next couple of days on Tuesday...We had a couple of false starts where we really thought we were there even yesterday[Wednesday] ...people in the banking industry were trying to profit illegally on one of the currencies...it was officially taken care of today [Thursday]. We are in the clear as far as I know now. ...I am just going to say things are finally ready for this to be released. ...I know I am jacked up tonight [Thursday]...it could come in the morning...before lunchtime. That is the most recent concept we have for it. ...I am ready. I am ready to get started just like you guys are. ...We know the Dong is over $5.00. We know the Dinar is over $8.00...
5-17-2019 Intel Guru MarkZ ...I am beyond hopeful that today is the day we get the news...we may not get the money in our pockets yet...but will know when we will...we hope...It will be a pins and needle day today... hopefully they won't drag this out thru the weekend...everything is being put in position for a hell of a launch today? [Are banks on high alert or standby?] Yes they are… [post 2 of 2]
5-17-2019 Intel Guru MarkZ I have gotten no news from Iraq yet today. ...We are at an elevated level of alert today... A couple of, what I call, the “4 horseman” have been moved into position. I cannot share who they are until after the fact. Many others were moved into position to exchange on Monday morning. Some of the folks I know...that I had spent a lot of time with did their NDAs late last night, so I am getting pretty excited...One of my whale contacts is now under an NDA. ...Being under an NDA means they cannot give out any details …they are involved in currency stuff but that is all I can say. [post 1 of 2....stay tuned]
5-17-2019 Intel Guru MarkZ [Mark, can they RV the IQD with all that instability there now? (Pulling US dependents out of Iraq, etc.)] I believe they could still RV and this would allow stability imo…Part of Basel 3 and Basel 3 Banking rules is to remove the politics from the finances. So it would be a major test if they go even with all the instability over there. Many economists believe that region will be much more stable with a stable money.
5-17-2019 Intel Guru Bruce [via PinkRoses] So, here (is) where we are. I told you to keep an eye on things for the next couple of days on Tuesday...We had a couple of false starts where we really thought we were there even yesterday[Wednesday] ...people in the banking industry were trying to profit illegally on one of the currencies...it was officially taken care of today [Thursday]. We are in the clear as far as I know now. ...I am just going to say things are finally ready for this to be released. ...I know I am jacked up tonight [Thursday]...it could come in the morning...before lunchtime. That is the most recent concept we have for it. ...I am ready. I am ready to get started just like you guys are. ...We know the Dong is over $5.00. We know the Dinar is over $8.00...
5-16-2019 *** Dinar Guru Newsflash *** Major media is reporting "The U.S. State Department has ordered non-emergency employees to leave Iraq amid Iran tensions." Things appear to be escalating quickly in the Middle East. The U.S. has sent an aircraft carrier and bomber planes to the region. Iran is suspected of attacking tankers and other "assets". The U.S. has requested Iraq remove Iranian backed militias from within Iraq...as of yet Iraq has not done so. Hopefully this is a catalyst for peaceful negotiations and the end of logjams...stay tuned as the gurus chime in on the news. The latest guru post will continue below...
5-16-2019 Intel Guru MarkZ We are told 800 numbers are fair game from this evening to tomorrow [Friday] early in the day…We have a lot to watch for overnight tonight...The news has absolutely been fantastic throughout the day and does appear to be winding down to completion... There has been a whole lot of activity today guys. There will be no sleep tonight...
5-16-2019 Newshound Guru Breitling So you can get all the people with the PHD's or whatever background and whatever bull$%&* they wrote and everything else, they will never ever be able to get around that. They just simply can't do it. Their opinion does not count. My opinion actually does not count...that's [what parliament said] never been taken off the table and it never will. It just keeps advancing. Sometimes it might not be as fast as people want and I understand that. If you thought this was a 'get rich quick scheme' then obviously you were wrong. So here we are. It's a great great opportunity. [Post 2 of 2]
5-16-2019 Newshound Guru Breitling If there's lack of information for a couple weeks I'm not shaken and neither should you. Regardless of what everyone else has said or what they thought about the dinar, their opinions. We still stand on the Iraq's parliament specifically went and said to the Minister of Finance, The Ministry of Planning, the CBI and the IMF, 'We want to get the value of our currency to $3.25. First we want to get it to a buck then we want to get it to $3.25.' That language has not once changed... [Post 1 of 2]
5-16-2019 Intel Guru Eagleone2025 TREATY HAVE BEEN SIGNED...THE DONG WILL BE RESTORED...U.S. AGREE TO BRING IT BACK WITHIN 30% OF WHAT IT WAS BEFORE THE VIETNAM WAR...AT THE TIME I THINK IT WAS $2.84...DONG EXCHANGE TODAY IT IS SAID IT WILL BE APPOX. .47- $2.50...TRUMP DID INVEST $31M.
5-16-2019 Newshound Guru Breitling "...Am I reading this correctly?" Absolutely. That's exactly what it is. It's a major major deal for us. But before you get too excited remember it doesn't say when they're going to do it and they don't give us a clear date on the revaluation and all that stuff...Is this a big mess or what? No not at all! If you understand the importance of that [Financial Management Bill] then you're going to be very very happy. For some people it's too technical and it won't sink in but it's a phenomenal position to be in for us and watching what these guys are doing. So they're moving forward. [Post 2 of 2]
5-16-2019 Newshound Guru Breitling There is massive phenomenal news coming out of Iraq...article "The Finance Committee rebuild the of the draft for the Financial Management Bill and announced the establishment of a mechanism to pay off foreign debts warn the committee on the economy and investment to double the value of external debt because of the benefits of them.'" - Question -[ If I'm understanding correctly they're talking about making sure when the rate changes they won't overpay their debts. So they're changing all their rates on their debts. This was the law the CBI was talking about a year ago that needed to happen before they could change the rate...'] [post 1 of 2....stay tuned]
5-16-2019 Newshound/Intel Guru Mnt Goat The news is the same old stuff. No signs of any reinstatement or any news of the project to delete the zeros from the CBI. Remember the CBI pulls the trigger on the reinstatement of the dinar...the US treasury is part of the process and has some say but they are at the tail end of the process and not at the staring gate.
5-16-2019 Intel Guru Eagleone2025 I TALKED WITH ONE OF MY GENERALS...IT WAS VERY GOOD NEWS ABOUT RV... HE TOLD ME WHAT MY HSBC NY CONTACT TOLD ME TODAY...TIME VERY CLOSE...IT LOOK VERY NEAR...HANG IN THERE. DAY BY DAY. MAY 17- 24 THE RELEASE IS GETTING CLOSER.
5-16-2019 Newshound Guru Breitling So you can get all the people with the PHD's or whatever background and whatever bull$%&* they wrote and everything else, they will never ever be able to get around that. They just simply can't do it. Their opinion does not count. My opinion actually does not count...that's [what parliament said] never been taken off the table and it never will. It just keeps advancing. Sometimes it might not be as fast as people want and I understand that. If you thought this was a 'get rich quick scheme' then obviously you were wrong. So here we are. It's a great great opportunity. [Post 2 of 2]
5-16-2019 Newshound Guru Breitling If there's lack of information for a couple weeks I'm not shaken and neither should you. Regardless of what everyone else has said or what they thought about the dinar, their opinions. We still stand on the Iraq's parliament specifically went and said to the Minister of Finance, The Ministry of Planning, the CBI and the IMF, 'We want to get the value of our currency to $3.25. First we want to get it to a buck then we want to get it to $3.25.' That language has not once changed... [Post 1 of 2]
5-16-2019 Intel Guru Eagleone2025 TREATY HAVE BEEN SIGNED...THE DONG WILL BE RESTORED...U.S. AGREE TO BRING IT BACK WITHIN 30% OF WHAT IT WAS BEFORE THE VIETNAM WAR...AT THE TIME I THINK IT WAS $2.84...DONG EXCHANGE TODAY IT IS SAID IT WILL BE APPOX. .47- $2.50...TRUMP DID INVEST $31M.
5-16-2019 Newshound Guru Breitling "...Am I reading this correctly?" Absolutely. That's exactly what it is. It's a major major deal for us. But before you get too excited remember it doesn't say when they're going to do it and they don't give us a clear date on the revaluation and all that stuff...Is this a big mess or what? No not at all! If you understand the importance of that [Financial Management Bill] then you're going to be very very happy. For some people it's too technical and it won't sink in but it's a phenomenal position to be in for us and watching what these guys are doing. So they're moving forward. [Post 2 of 2]
5-16-2019 Newshound Guru Breitling There is massive phenomenal news coming out of Iraq...article "The Finance Committee rebuild the of the draft for the Financial Management Bill and announced the establishment of a mechanism to pay off foreign debts warn the committee on the economy and investment to double the value of external debt because of the benefits of them.'" - Question -[ If I'm understanding correctly they're talking about making sure when the rate changes they won't overpay their debts. So they're changing all their rates on their debts. This was the law the CBI was talking about a year ago that needed to happen before they could change the rate...'] [post 1 of 2....stay tuned]
5-16-2019 Newshound/Intel Guru Mnt Goat The news is the same old stuff. No signs of any reinstatement or any news of the project to delete the zeros from the CBI. Remember the CBI pulls the trigger on the reinstatement of the dinar...the US treasury is part of the process and has some say but they are at the tail end of the process and not at the staring gate.
5-16-2019 Intel Guru Eagleone2025 I TALKED WITH ONE OF MY GENERALS...IT WAS VERY GOOD NEWS ABOUT RV... HE TOLD ME WHAT MY HSBC NY CONTACT TOLD ME TODAY...TIME VERY CLOSE...IT LOOK VERY NEAR...HANG IN THERE. DAY BY DAY. MAY 17- 24 THE RELEASE IS GETTING CLOSER.
5-15-2019 Intel Guru MarkZ I am really hoping Thursday is the day I get to retire. ...People working at redemption centers showed up today... In Iraq they finished everything needed to be accepted into the WTO. ...Tomorrow morning I expect to have lots of news…
5-15-2019 Newshound Guru ChrisC This may be a ridiculous thought, but what if the Fleet is not there because of a particular threat on US assets, but to make sure there is no "boat rocking" during an RI/RV since it will be such an important event that may so drastically affect the future and security of the rest of the world?...Just thinking, because if I was Iran and I knew there were B52 bombers and subs with Tomahawk missiles just waiting to see how big of a hole they could make in something, I would not want to provoke that event. This was a costly event to do based off of "intel" and not response to any action. How long are we going to sit there? Just some thoughts.
5-15-2019 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAN WILL LAUNCH ITS NEWLY-DEVISED INTEGRATED FOREIGN EXCHANGE MARKET NEXT WEEK" ...this “unified currency market” is of course a tactic from Iran in order to circumvent the US sanctions. It will be interesting to see how this all plays out in relation to Iraq and the reinstatement of the dinar, which we all have been waiting for so long.
5-15-2019 Newshound Guru Adam Montana Oil is still strong above $60. Remember I said months ago that $60 was the target? Target reached, stability is being proven on a daily basis, and that is perfect. Any huge spikes or drops would be bad. OIL is solid right now... even with some tensions in the Middle East. This is exactly what we want...It's definitely Ramadan, but I'm still keeping an eye on things. The current situation is just too close to ignore the possibility that things can happen this year despite the normal holiday lull.
5-15-2019 Intel Guru Bruce [via PinkRoses] So, we are very close. Conference calls have been going on continually...This is with the serious decision makers. This was done as the final, I think, opportunity to work out what needed to happen prior to the release. ...I am very excited about that and what transpired today. I think we are in a really good place to finally have this resolved for us. When it comes to rates, I have been asked not to go into rates. So, I do not want to do that. However, I will say that certain currencies have been trading and have been trading up which will be very favorable for us.
5-15-2019 Newshound Guru larrykn [...2020...we will be lucky to see it then.] the way they are moving, I just don't know. Alak was brought in by Maliki, I'm wondering why he is still here now. I was thinking they would have gotten rid of him when Adabi was around. [I know...he is stealing money thru the auctions...like crazy] and that is why I say they need to stop those Auctions...when they do we will see the RV.
5-15-2019 Newshound Guru MilitiaMan [Isn’t there a spoken timeline for the ITBs to open for banking business Mid-May? ...that would put us at this week...] Yes, it is thought that mid May per their words is to be the time frame for an operational branch (i.e., international.) to open in the SA Kingdom in Riyadh...Along with many others thereafter or possible in unison. As I believe even the Rafidain is going to as well open branches in varying countries in the region. We haven’t seen anything to suggest that it is still not the game plan thus far...I am very bullish for this window being mid May...In my opinion, the MR has been on steroids and we are seeing it. Just yesterday they speak of more success in the Financial Inclusion realm...Also, just as the IMF was given a report in regard to the 2018 Surplus on 04/10/2019 right on time. jmtc...So, yes things look great... We watch and wait...
5-15-2019 Newshound Guru ChrisC This may be a ridiculous thought, but what if the Fleet is not there because of a particular threat on US assets, but to make sure there is no "boat rocking" during an RI/RV since it will be such an important event that may so drastically affect the future and security of the rest of the world?...Just thinking, because if I was Iran and I knew there were B52 bombers and subs with Tomahawk missiles just waiting to see how big of a hole they could make in something, I would not want to provoke that event. This was a costly event to do based off of "intel" and not response to any action. How long are we going to sit there? Just some thoughts.
5-15-2019 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAN WILL LAUNCH ITS NEWLY-DEVISED INTEGRATED FOREIGN EXCHANGE MARKET NEXT WEEK" ...this “unified currency market” is of course a tactic from Iran in order to circumvent the US sanctions. It will be interesting to see how this all plays out in relation to Iraq and the reinstatement of the dinar, which we all have been waiting for so long.
5-15-2019 Newshound Guru Adam Montana Oil is still strong above $60. Remember I said months ago that $60 was the target? Target reached, stability is being proven on a daily basis, and that is perfect. Any huge spikes or drops would be bad. OIL is solid right now... even with some tensions in the Middle East. This is exactly what we want...It's definitely Ramadan, but I'm still keeping an eye on things. The current situation is just too close to ignore the possibility that things can happen this year despite the normal holiday lull.
5-15-2019 Intel Guru Bruce [via PinkRoses] So, we are very close. Conference calls have been going on continually...This is with the serious decision makers. This was done as the final, I think, opportunity to work out what needed to happen prior to the release. ...I am very excited about that and what transpired today. I think we are in a really good place to finally have this resolved for us. When it comes to rates, I have been asked not to go into rates. So, I do not want to do that. However, I will say that certain currencies have been trading and have been trading up which will be very favorable for us.
5-15-2019 Newshound Guru larrykn [...2020...we will be lucky to see it then.] the way they are moving, I just don't know. Alak was brought in by Maliki, I'm wondering why he is still here now. I was thinking they would have gotten rid of him when Adabi was around. [I know...he is stealing money thru the auctions...like crazy] and that is why I say they need to stop those Auctions...when they do we will see the RV.
5-15-2019 Newshound Guru MilitiaMan [Isn’t there a spoken timeline for the ITBs to open for banking business Mid-May? ...that would put us at this week...] Yes, it is thought that mid May per their words is to be the time frame for an operational branch (i.e., international.) to open in the SA Kingdom in Riyadh...Along with many others thereafter or possible in unison. As I believe even the Rafidain is going to as well open branches in varying countries in the region. We haven’t seen anything to suggest that it is still not the game plan thus far...I am very bullish for this window being mid May...In my opinion, the MR has been on steroids and we are seeing it. Just yesterday they speak of more success in the Financial Inclusion realm...Also, just as the IMF was given a report in regard to the 2018 Surplus on 04/10/2019 right on time. jmtc...So, yes things look great... We watch and wait...
5-14-2019 Intel Guru MarkZ [Are we hitting the banks today?] I don’t think so…maybe on or before Thursday? A forex person I know thinks we will see the rates on Wed. night for Thursday morning. Bankers still seem to think we will see it this afternoon...they tell me they have been shooting for Tuesday afternoon since last week. Whales have not been paid yet…they were told this week though.
5-14-2019 Newshound/Intel Guru Mnt Goat Reconstruction: We can see...that in Kurdistan region that they are moving ahead with the continuation of the construction of the high-rise buildings. ...Today they are moving ahead with these projects once again building housing units and buildings for businesses. Many of these buildings from 2008 are not completed and occupied already. Many more are being constructed. Kurdistan is not some backward area in the desert. It is a civilized sector of Iraq that is moving ahead into this new century of modernization very quickly. How can they continue with a currency worth just an 8th of a penny? [post 2 of 2]
5-14-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQ'S OIL MINISTER DISCUSSES PLANS TO STRENGTHEN ITS OIL INDUSTRY, DIVERSIFY ITS ECONOMY AND ATTRACT FOREIGN INVESTORS" We know that 80% of Iraq’s economy is dependent on imports from Iran. Two of these major imports are electricity and refined oil products. OIL: In the coming years Iraq has plans to be gas and oil (refined gasoline and diesel fuel) independent from Iran and other suppliers. The oil ministers says Iraq is trying to break away from the dependence on Iran for the supply of these items... ELECTRICITY: We know that the German firm, Siemens and the American firm, General Electric both have major contracts with Iraq to bring up the war torn electric grid... AGRICULTURE: We also know that Iraq is working hard at being independent on agricultural products... [post 1 of 2....stay tuned]
5-14-2019 Newshound Guru MilitiaMan Article: "Financial inclusion and sustainable development" Quote: "...it is very clear that there has been a positive change in the scene Financial and Monetary For the Iraqis, after the launch of the strategy of the Central Bank, and indicators of this positive change..." ...The lack of trust for the Banks is gone now or at least significantly diminishing. They significantly increased the financial coverage and it is still growing. They have been successful in getting the citizens into the banks with large sums of chunky money. ...once they collect the chunky, they will need to issue the smalls. Hence the ATMs will need them, as will vendors of money (greenery?), shops, barbers, restaurants, etc...Don't forget they say this started about a year ago imo, more than that!!
5-14-2019 Intel Guru RayRen98 [What are the latest rates...?] Dinar 3.53, Dong .47...
5-14-2019 Intel Guru MarkZ [is the currency reset going to happen for the vietnamese dong? I don't hear much talk about the Dong.] I absolutely believe the dong will revalue…it is in the same basket as dinar….and Iraq owns a lot of dong in its currency reserves and Vietnam carries
a lot of dinar in their reserves.
5-14-2019 Newshound/Intel Guru Mnt Goat Reconstruction: We can see...that in Kurdistan region that they are moving ahead with the continuation of the construction of the high-rise buildings. ...Today they are moving ahead with these projects once again building housing units and buildings for businesses. Many of these buildings from 2008 are not completed and occupied already. Many more are being constructed. Kurdistan is not some backward area in the desert. It is a civilized sector of Iraq that is moving ahead into this new century of modernization very quickly. How can they continue with a currency worth just an 8th of a penny? [post 2 of 2]
5-14-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQ'S OIL MINISTER DISCUSSES PLANS TO STRENGTHEN ITS OIL INDUSTRY, DIVERSIFY ITS ECONOMY AND ATTRACT FOREIGN INVESTORS" We know that 80% of Iraq’s economy is dependent on imports from Iran. Two of these major imports are electricity and refined oil products. OIL: In the coming years Iraq has plans to be gas and oil (refined gasoline and diesel fuel) independent from Iran and other suppliers. The oil ministers says Iraq is trying to break away from the dependence on Iran for the supply of these items... ELECTRICITY: We know that the German firm, Siemens and the American firm, General Electric both have major contracts with Iraq to bring up the war torn electric grid... AGRICULTURE: We also know that Iraq is working hard at being independent on agricultural products... [post 1 of 2....stay tuned]
5-14-2019 Newshound Guru MilitiaMan Article: "Financial inclusion and sustainable development" Quote: "...it is very clear that there has been a positive change in the scene Financial and Monetary For the Iraqis, after the launch of the strategy of the Central Bank, and indicators of this positive change..." ...The lack of trust for the Banks is gone now or at least significantly diminishing. They significantly increased the financial coverage and it is still growing. They have been successful in getting the citizens into the banks with large sums of chunky money. ...once they collect the chunky, they will need to issue the smalls. Hence the ATMs will need them, as will vendors of money (greenery?), shops, barbers, restaurants, etc...Don't forget they say this started about a year ago imo, more than that!!
5-14-2019 Intel Guru RayRen98 [What are the latest rates...?] Dinar 3.53, Dong .47...
5-14-2019 Intel Guru MarkZ [is the currency reset going to happen for the vietnamese dong? I don't hear much talk about the Dong.] I absolutely believe the dong will revalue…it is in the same basket as dinar….and Iraq owns a lot of dong in its currency reserves and Vietnam carries
a lot of dinar in their reserves.
5-13-2019 Intel Guru Delta Article: "Economist: War on Iran raises the value of the dollar in Iraq..." Quote: "The outbreak of war on Iran, regardless of the position of Iraq, will have an impact on the Iraqi currency to increase the value of the dollar in front of it," said Smeisem, "indicating that" fear of the unknown will increase demand for the US dollar, which will raise its value compared to the Iraqi dinar and thus lead To a decline in the value of the dinar »." MORE GOOD NEWS FOR US ..THEY HAVE TO ACT FASTER NOW...
5-13-2019 Intel Guru Eagleone2025 TUES AT NOON BANKERS WILL BE DONE WITH MEETING… WE HOPE ...THIS IS THE PERFECT STORM FOR RV...I LOOK TO SEE MAY 17-24 CLOSER TO THE OPENING OF THIS CURRENCY DEAL. ALOT OF MOVEMENT GOING ON…THE LOOKS OF THE RV IS VERY STRONG. THE PERFECT STORM IS IN THE WORKS …THE MIDDLE EAST IS FALLING APART.
5-13-2019 Intel Guru Markz I feel it is possible to see 800 numbers at any time when all this starts… watching carefully after noon tomorrow...[will there be a toll-free number for all the banks.] I am told yes...and they will be getting them out to us just as soon as they can because they want your business. I think this is going to be an exciting week on many fronts…I really do expect money in-pocket this week…I really do...Everyone needs to stay calm... I feel we are still in a good place… [post 2 of 2]
5-13-2019 Intel Guru Markz Iraq did not have a new rate yet as of Saturday morning as my contractor contacts expected…but we are still watching for them this week…The folks in Iraq are down right irritated…they were told they would have the new rate Saturday Morning…they want to release it….someone is stopping them…..I feel we can only hold them so long before they say the world be damned…we are doing it now… [post 1 of 2....stay tuned]
5-13-2019 Newshound Guru larrykn ...Iraq needs to get away from the auctions. to much corruption in it. If Iraq could ever agree with each other and get politics out of the way, they might get something done...time will tell if their able too.
5-13-2019 Newshound Guru chattels Article: "Foreign currency markets in Baghdad recorded a stable dollar against the dinar on Sunday, reaching 120,000 dinars on all local exchanges." I think that it is accurate to observe that the market price on the dinar is increasingly now uniform in all Iraqi markets. [Note: You can always find the latest reported CBI official market rate listed in the left column of this page]
5-13-2019 Intel Guru Eagleone2025 TUES AT NOON BANKERS WILL BE DONE WITH MEETING… WE HOPE ...THIS IS THE PERFECT STORM FOR RV...I LOOK TO SEE MAY 17-24 CLOSER TO THE OPENING OF THIS CURRENCY DEAL. ALOT OF MOVEMENT GOING ON…THE LOOKS OF THE RV IS VERY STRONG. THE PERFECT STORM IS IN THE WORKS …THE MIDDLE EAST IS FALLING APART.
5-13-2019 Intel Guru Markz I feel it is possible to see 800 numbers at any time when all this starts… watching carefully after noon tomorrow...[will there be a toll-free number for all the banks.] I am told yes...and they will be getting them out to us just as soon as they can because they want your business. I think this is going to be an exciting week on many fronts…I really do expect money in-pocket this week…I really do...Everyone needs to stay calm... I feel we are still in a good place… [post 2 of 2]
5-13-2019 Intel Guru Markz Iraq did not have a new rate yet as of Saturday morning as my contractor contacts expected…but we are still watching for them this week…The folks in Iraq are down right irritated…they were told they would have the new rate Saturday Morning…they want to release it….someone is stopping them…..I feel we can only hold them so long before they say the world be damned…we are doing it now… [post 1 of 2....stay tuned]
5-13-2019 Newshound Guru larrykn ...Iraq needs to get away from the auctions. to much corruption in it. If Iraq could ever agree with each other and get politics out of the way, they might get something done...time will tell if their able too.
5-13-2019 Newshound Guru chattels Article: "Foreign currency markets in Baghdad recorded a stable dollar against the dinar on Sunday, reaching 120,000 dinars on all local exchanges." I think that it is accurate to observe that the market price on the dinar is increasingly now uniform in all Iraqi markets. [Note: You can always find the latest reported CBI official market rate listed in the left column of this page]
5-12-2019 Intel Guru Delta Article: "The parliamentary economy warns of the doubling of external debt because of the benefits ... Finance Committee reveals the "Zora" details of the Financial Management Law and announce a mechanism for debt repayment" Quote: "...committee awaiting the report of the Economic Adviser to the Minister of Finance Kamal Al-Basri to put the finishing touches on the law to be ready for legislation." THEY ARE WAITING FOR THE RATE... RATE WILL COME FIRST BEFORE PASSING THE LAW...IMO.
5-12-2019 Newshound Guru Chattels We are now almost one year and counting on the formation of a completed government / cabinet in Iraq.
5-12-2019 Newshound Guru Kaperoni Floating the currency is not a requirement but with the influx of capital expected through Iraq's banking system it will create inflationary pressure. If they don't float inflation will start to rise throughout Iraq. Floating the currency is a tool the CBI uses to counter inflation.
5-12-2019 Newshound Guru Chattels We are now almost one year and counting on the formation of a completed government / cabinet in Iraq.
5-12-2019 Newshound Guru Kaperoni Floating the currency is not a requirement but with the influx of capital expected through Iraq's banking system it will create inflationary pressure. If they don't float inflation will start to rise throughout Iraq. Floating the currency is a tool the CBI uses to counter inflation.
5-11-2019 Intel Guru Eagleone2025 [via PDK] BANK MEETINGS ARE STILL GOING ON EUROPE AND ASIA.... THERE IS THREE HEADS FROM EUROPE HAVING MEETINGS IN REGARD TO THIS RV.
5-11-2019 Intel Guru MarkZ [via PDK] I do not have an update from Iraq…Cannot get in touch with any contacts there …our contractors there were expecting a street rate of $3.63 starting today. ...I believe we are finally about to cross the finish line!
5-11-2019 Newshound Guru MilitiaMan This reform is not just about us, it is about effecting the lives of not only millions of people but, billions of people! imo. Everyone knows Iraq is ready now. It is imo go time now. The King of Saudi Arabia, imo gave his blessing to have the Iraq Trade Bank be the first International Trade bank for Iraq to show case on his soil. I highly doubt that they miss that time line. Big money doesn't like to wait long. They would most likely also like to see stability with the Iraq Monetary reforms prior to the opening of said international branch. I don't believe in what I see they have any intentions of being late to the party. Alak has the keys to the AMF. Lets see what happens with the trade deal in the short term while we watch the next move. [post 2 of 2]
5-11-2019 Newshound Guru MilitiaMan Article: "The International Monetary Fund sets out 3 structural measures to reform Iraq's finances, including wages and electricity" ...they are not only involved now during the process but have been very active in the implementation phase we are in now. ...My view is this was ready to go yesterday, and it still is today through the opening of the Iraq Trade Bank by or around mid May. Imo The Futures market this last Sunday and other markets reflected a move by the USA in the trade deal realm and that was a clear shot across the bow to China, imo. Now we see the key player coming back to the table at the end of the week... [post 1 of 2....stay tuned]
5-11-2019 Newshound/Intel Guru Mnt Goat ...this is still a MAJOR concern since Sadr gave Mahdi until June 1st to form the government. The question is does he have enough support to hold a “no confidence” vote and change out the PM? There is no firm target date to vote on the remaining 4 ministers. We still wait for any more news
5-11-2019 Intel Guru MarkZ [via PDK] I do not have an update from Iraq…Cannot get in touch with any contacts there …our contractors there were expecting a street rate of $3.63 starting today. ...I believe we are finally about to cross the finish line!
5-11-2019 Newshound Guru MilitiaMan This reform is not just about us, it is about effecting the lives of not only millions of people but, billions of people! imo. Everyone knows Iraq is ready now. It is imo go time now. The King of Saudi Arabia, imo gave his blessing to have the Iraq Trade Bank be the first International Trade bank for Iraq to show case on his soil. I highly doubt that they miss that time line. Big money doesn't like to wait long. They would most likely also like to see stability with the Iraq Monetary reforms prior to the opening of said international branch. I don't believe in what I see they have any intentions of being late to the party. Alak has the keys to the AMF. Lets see what happens with the trade deal in the short term while we watch the next move. [post 2 of 2]
5-11-2019 Newshound Guru MilitiaMan Article: "The International Monetary Fund sets out 3 structural measures to reform Iraq's finances, including wages and electricity" ...they are not only involved now during the process but have been very active in the implementation phase we are in now. ...My view is this was ready to go yesterday, and it still is today through the opening of the Iraq Trade Bank by or around mid May. Imo The Futures market this last Sunday and other markets reflected a move by the USA in the trade deal realm and that was a clear shot across the bow to China, imo. Now we see the key player coming back to the table at the end of the week... [post 1 of 2....stay tuned]
5-11-2019 Newshound/Intel Guru Mnt Goat ...this is still a MAJOR concern since Sadr gave Mahdi until June 1st to form the government. The question is does he have enough support to hold a “no confidence” vote and change out the PM? There is no firm target date to vote on the remaining 4 ministers. We still wait for any more news
5-10-2019 Intel Guru MarkZ ...everyone I’ve talked to so far today says today will be a big day to watch…maybe to get it all...so we are watching everything closely... There really has been some fantastic news...a lot of it I cannot share...I know how frustrating it is to hear that… We do have news out of Iraq...hearing the new rate has gone live or is about to go live...My people on the ground there expect a rate of $3.63 in Iraq by tomorrow morning ...this from some good sources over there--- contractors...and this rate came from a contractor publication in Iraq...This is the rate they will be paying their employees... This to me is pretty exciting... I would not share any rates that have not already been published…I am simply telling you what a person there saw in print. This may also be the street rate in Iraq that may release tomorrow as well...
5-10-2019 Newshound Guru Adam Montana Ramadan is officially under way, and for once in this wild ride... I'm very pleased to see how things are moving. OF COURSE there are going to be snippets about things being pushed back to outside of Ramadan, but we're not even a week in and we are already seeing a difference. Not only are Parliament meetings continuing as of tomorrow (Saturday), but we're finally talking about OIL! OIL has been missing from the news over the last couple months, and I was expecting it to resurface shortly. It is unusual, but not surprising, to see it popping up now. I say it's not surprising because even though it's Ramadan, the timing is right. This time around, they may just surprise us.
5-10-2019 Newshound Guru Kaperoni They can float anytime. Moving to Article VIII only means the CBI and its banking system meets a level of compliance equal to the rest of worlds banking system. Thus should make the dinar more acceptable worldwide. Investment laws need to be passed still. In order for the investment community to put money in Iraq to rebuild they need laws, stability and validation from the IMF. When investors to come it will create pressure on the banking system allowing the currency to raise in value. So the bottom line is ...until they have a private sector (laws), and move to Article VIII to open the banking system, investors will not come and with no investment the dinar will stay where it is.
5-10-2019 Intel Guru Bruce I am under the impression that the trade agreement [China] might have been some form of leverage with the RV GCR or visa versa. I know it is in play. So, I believe what we are doing is right there with the possibility of notification within hours to days. We are very close. ...I am really psyched where we are and what is happening. ...I do not know if the weekend would be as promising for us, but certainly pretty soon. [post 2 of 2]
5-10-2019 Intel Guru Bruce Where we are...is so close that I have even been informed not to say certain things. That almost never happens to me. ...I will say this. We have word that the currencies are trading. A lot of people can not see what the rates are...those currencies that we have talked about are being traded quite a bit on the screens, behind the scenes as you can say. They are trading so they can move up in value. That is all very good and should help everybody to get the kind of currency exchange that they were hoping for. [post 1 of 2....stay tuned]
5-10-2019 Intel Guru Bluwolf ...we are about to give you the good news, just be prudent and patient for a little bit more. ...They [banks] have been placed on high alert and have been instructed to perform on a minute's notice. The time to see this is in the NOW and all securities worldwide have been put on this alert status. We are now looking into what might be left from the crooked and banksters. All banks are Basel 3-4 compliant... Iraq borders are now locked in and all that needed to be announced is now a reality.
5-10-2019 Newshound Guru larrykn Article: "In response to a request by the Anti-Corruption Council .. Baghdad today announced its readiness to provide documents reveal a major smuggling of money through the sale of currency auction" they really need to get rid of those auctions. [...auctions appear to be the center of underworld.] they always have been, until they get rid of them they will always have corruptions and that is why they need to revalue their currency and only have the dinar in their country.
5-10-2019 Newshound Guru Adam Montana Ramadan is officially under way, and for once in this wild ride... I'm very pleased to see how things are moving. OF COURSE there are going to be snippets about things being pushed back to outside of Ramadan, but we're not even a week in and we are already seeing a difference. Not only are Parliament meetings continuing as of tomorrow (Saturday), but we're finally talking about OIL! OIL has been missing from the news over the last couple months, and I was expecting it to resurface shortly. It is unusual, but not surprising, to see it popping up now. I say it's not surprising because even though it's Ramadan, the timing is right. This time around, they may just surprise us.
5-10-2019 Newshound Guru Kaperoni They can float anytime. Moving to Article VIII only means the CBI and its banking system meets a level of compliance equal to the rest of worlds banking system. Thus should make the dinar more acceptable worldwide. Investment laws need to be passed still. In order for the investment community to put money in Iraq to rebuild they need laws, stability and validation from the IMF. When investors to come it will create pressure on the banking system allowing the currency to raise in value. So the bottom line is ...until they have a private sector (laws), and move to Article VIII to open the banking system, investors will not come and with no investment the dinar will stay where it is.
5-10-2019 Intel Guru Bruce I am under the impression that the trade agreement [China] might have been some form of leverage with the RV GCR or visa versa. I know it is in play. So, I believe what we are doing is right there with the possibility of notification within hours to days. We are very close. ...I am really psyched where we are and what is happening. ...I do not know if the weekend would be as promising for us, but certainly pretty soon. [post 2 of 2]
5-10-2019 Intel Guru Bruce Where we are...is so close that I have even been informed not to say certain things. That almost never happens to me. ...I will say this. We have word that the currencies are trading. A lot of people can not see what the rates are...those currencies that we have talked about are being traded quite a bit on the screens, behind the scenes as you can say. They are trading so they can move up in value. That is all very good and should help everybody to get the kind of currency exchange that they were hoping for. [post 1 of 2....stay tuned]
5-10-2019 Intel Guru Bluwolf ...we are about to give you the good news, just be prudent and patient for a little bit more. ...They [banks] have been placed on high alert and have been instructed to perform on a minute's notice. The time to see this is in the NOW and all securities worldwide have been put on this alert status. We are now looking into what might be left from the crooked and banksters. All banks are Basel 3-4 compliant... Iraq borders are now locked in and all that needed to be announced is now a reality.
5-10-2019 Newshound Guru larrykn Article: "In response to a request by the Anti-Corruption Council .. Baghdad today announced its readiness to provide documents reveal a major smuggling of money through the sale of currency auction" they really need to get rid of those auctions. [...auctions appear to be the center of underworld.] they always have been, until they get rid of them they will always have corruptions and that is why they need to revalue their currency and only have the dinar in their country.
5-9-2019 Intel Guru DELTA Article: "The Minister of Oil: Very soon we sign the project of southern Iraq integrated" Quote: "Oil Minister Thamer Ghadhban said on Wednesday he expected his ministry to sign a preliminary agreement with ExxonMobil and PetroChina of China "very soon," but gave no exact date." YES IT'S A DONE DEAL...CONTRACT FOR 30 YEARS WORTH 35 BILLION DOLLAR
5-9-2019 Intel Guru RAYREN98 ...got an update from banks. They are no longer on standby, so once again we wait. Let’s see what happens this week.
5-9-2019 Intel Guru Eagleone2025 ["IS THE RV REAL?"] IF THIS WAS NOT TRUE, WHY WOULD I BE SITTING IN ROOMS WITH FOUR STAR GENERALS AND HIGH GOVT. OFFICIALS? I KNOW WHERE MY INTEL COMES FROM. IT DOES NOT COME FROM THE DINAR WORLD, EVEN THOUGH THE DINAR WORLD IS SOMEWHAT GOOD. MY INTEL COMES FROM GENERALS AND HIGH-LEVEL OPS. SO I WILL NOT GIVE ANYTHING UNLESS IT'S SURE. NOTHING IS 100% SURE UNTIL WE ARE IN THE BANKS. [post 2 of 2]
5-9-2019 Intel Guru Eagleone2025 THERE IS A LOT OF MISINFO TRYING TO BRING DOWN MARK [GURU MARKZ] AND OTHERS. CONFUSION IS RISING. DO NOT PANIC. THIS WINDOW IS CLOSING TONIGHT AT MIDNIGHT. WE ARE ON A DAY BY DAY GO. WE TALKED ABOUT DIFFERENT WINDOW. THERE ARE SEASON (REASONS?) FOR HIGH ALERT. JUST STAY CALM. IT'S IN THE WORKS. REMEMBER IT'S A PROCESS. [post 1 of 2....sty tuned]
5-9-2019 Intel Guru MarkZ No bad news but the news is all over the place. Everything from two-day delay, to it's going right now. The news has been pretty solid from the sources I listen to. ...I heard there could be a short hold on the dinar. Try to stay calm.
5-9-2019 Newshound/Intel Guru Mnt Goat This means the need to reinstate it and put it on the planned “free float” just like all other currencies on the open trading platform. The IMF wants the investors to drive the rate and keep it stable. They say that Iraq is now ready and so why are they waiting? We know why they are waiting. It is due to all the corruption in the currency auctions and the reluctant to end them, as they are today... [post 2 of 2]
5-9-2019 Newshound/Intel Guru Mnt Goat There is talk that the PM Mahdi has said he will reinstate the dinar by June 1st. I have absolutely no evidence that he has said this. Yes, indirectly he has made reference to the economy getting better by June but this could mean lots of things. He also said the ministers would be competed by June. ...But we do know the IMF wants Iraq and the CBI to move ahead and reinstatement and “free their exchange rate”. They have said to directly to the government and this was reported by the news media. [post 1 of 2....stay tuned]
5-9-2019 Intel Gurus Frank26 & Delta [...if the Emir of China is going to DC and they do actually make a deal this week then i believe we could see what we seek on Sunday...all imo]
Frank26: I...SECOND THAT EMOTION...
DELTA: I...THIRD THAT...
5-9-2019 Intel Guru RAYREN98 ...got an update from banks. They are no longer on standby, so once again we wait. Let’s see what happens this week.
5-9-2019 Intel Guru Eagleone2025 ["IS THE RV REAL?"] IF THIS WAS NOT TRUE, WHY WOULD I BE SITTING IN ROOMS WITH FOUR STAR GENERALS AND HIGH GOVT. OFFICIALS? I KNOW WHERE MY INTEL COMES FROM. IT DOES NOT COME FROM THE DINAR WORLD, EVEN THOUGH THE DINAR WORLD IS SOMEWHAT GOOD. MY INTEL COMES FROM GENERALS AND HIGH-LEVEL OPS. SO I WILL NOT GIVE ANYTHING UNLESS IT'S SURE. NOTHING IS 100% SURE UNTIL WE ARE IN THE BANKS. [post 2 of 2]
5-9-2019 Intel Guru Eagleone2025 THERE IS A LOT OF MISINFO TRYING TO BRING DOWN MARK [GURU MARKZ] AND OTHERS. CONFUSION IS RISING. DO NOT PANIC. THIS WINDOW IS CLOSING TONIGHT AT MIDNIGHT. WE ARE ON A DAY BY DAY GO. WE TALKED ABOUT DIFFERENT WINDOW. THERE ARE SEASON (REASONS?) FOR HIGH ALERT. JUST STAY CALM. IT'S IN THE WORKS. REMEMBER IT'S A PROCESS. [post 1 of 2....sty tuned]
5-9-2019 Intel Guru MarkZ No bad news but the news is all over the place. Everything from two-day delay, to it's going right now. The news has been pretty solid from the sources I listen to. ...I heard there could be a short hold on the dinar. Try to stay calm.
5-9-2019 Newshound/Intel Guru Mnt Goat This means the need to reinstate it and put it on the planned “free float” just like all other currencies on the open trading platform. The IMF wants the investors to drive the rate and keep it stable. They say that Iraq is now ready and so why are they waiting? We know why they are waiting. It is due to all the corruption in the currency auctions and the reluctant to end them, as they are today... [post 2 of 2]
5-9-2019 Newshound/Intel Guru Mnt Goat There is talk that the PM Mahdi has said he will reinstate the dinar by June 1st. I have absolutely no evidence that he has said this. Yes, indirectly he has made reference to the economy getting better by June but this could mean lots of things. He also said the ministers would be competed by June. ...But we do know the IMF wants Iraq and the CBI to move ahead and reinstatement and “free their exchange rate”. They have said to directly to the government and this was reported by the news media. [post 1 of 2....stay tuned]
5-9-2019 Intel Gurus Frank26 & Delta [...if the Emir of China is going to DC and they do actually make a deal this week then i believe we could see what we seek on Sunday...all imo]
Frank26: I...SECOND THAT EMOTION...
DELTA: I...THIRD THAT...
5-8-2019 Newshound/Intel Guru Mnt Goat "IMF STAFF COMPLETES 2019 ARTICLE IV MISSION ON IRAQ" This is the article IV consultation session we have been waiting for since last year and it was postponed twice in 2018. We knew any reinstatement could not occur outside of the early January-march period without this last consultation. Now we have it. ...Am I saying the reinstatement is now free to go? No, there are still approvals and the will of the CBI and the Finance Committee to approve it and go ahead. There are no signs they intend to do this now. But at least now we know we are getting closer and there are possibilities.
5-8-2019 Intel Guru MarkZ [So the RV has started- just hasnt gotten to our turn yet?] Yes... When i came into this 10+ years ago i was told it was supposed to be happening then!!! I have hung in here and ...i am still here and at this point i am very happy that it hasn't happened sooner because we would not have learned the things we have to better protect ourselves. Feel confident now and looking forward to this process finally coming to an end!!!
5-8-2019 Intel Guru Eagleone2025 RUSSIA IS MOVING ITS WAR SHIPS INTO THE MIDDLE EAST B-52 ON STAND BY. ALL MILITARY TEAMS ARE IN PLACE IN MIDDLE EAST THERE IS STILL A LOT OF NAVAL FORCE MOVEMENT. THIS IS THE PERFECT STORM FOR THE RV. REMEMBER THIS IS JUST A PROCESS THE INTEL IS VERY SLOW THIS MORNING. MILITARY OPERATION ARE IN THE WORKS. THERE IS A LOT OF MOVEMENT… WHITE HOUSE DEAL ARE LOOKING VERY GOOD ….CHINA AND TRUMP ARE A LOT AHEAD THEN THE NEWS STATES. DEALS ARE BEING DONE. BANK MEETINGS ARE GOING ON …. HSBC AND TREASURY OFFICIALS ARE WORKING OUT PROCESS TODAY.... MEETING INTO THIS EVENING. SIT TIGHT.
5-8-2019 Newshound Guru MilitiaMan Article: "URGENT Pompeo arrives in Baghdad to meet Abdul-Mahdi and Foreign Minister" With this now urgent article showing Pompeo in Iraq for a short and sweet visit, fits the bill imo!
5-8-2019 Intel Guru Frank26 ...So they don't show up... So Trump says ok we're jacking you up from 10% to 25% on your tarriffs by this coming Friday. So China says ok we'll be there. The next thing we know Pompeo shows up in Iraq...he says we're getting some things done...China's almost done. There's a combination of China, the USA, Iraq and Iran...that is going to open a lock to the Re-Instatement of the Iraqi dinar. [post 2 of 2]
5-8-2019 Intel Guru Frank26 IMO, I believe the President of the U.S. is in control of the whole RI of the Iraqi dinar & his dealings with China because they're digging up Iraq...not just with China but with others that are working with Donald Trump. So he tells China get your financial negotiator here...we have got to do some things and finalize it with you regarding Iraq ...because I have business to do with Iraq and you're postponing it. [post 1 of 2....stay tuned]
5-8-2019 Intel Guru Bruce We have certain countries like Japan, like the United States, and a few other countries that are already Basel 4 compliant. The countries that are Basel 3 compliant are good to go for the exchanges. If a country is not Basel 3 compliant is a go around. It is a work around, go around until they are. So, everything is really moving along really excellently this time. I am ready for this to start and go just as everybody else...Have everything ready to go because this is finally looking like it is our time. [post 2 of 2]
5-8-2019 Intel Guru Bruce What is really interesting a lot has been happening, but we have been in a slow and soft roll out of this RV GCR. ...What also happened yesterday is we had brand new live rates of the currencies on the screens... Now I have heard of a few rates. I cannot give rates this time. They do not want those out there, but I can tell you if you remember the last time when we talked about the Dinar is higher than it was then. Iraq should put out tomorrow this final disclosure in the Gazette of whatever they are doing with their Parliament, and quite possibly their new rate on the Iraqi Dinar. Least that is supposed to happen on Wednesday which is their day to publish their official Gazette, their official record. [post 1 of 2....stay tuned]
5-8-2019 Intel Guru MarkZ [So the RV has started- just hasnt gotten to our turn yet?] Yes... When i came into this 10+ years ago i was told it was supposed to be happening then!!! I have hung in here and ...i am still here and at this point i am very happy that it hasn't happened sooner because we would not have learned the things we have to better protect ourselves. Feel confident now and looking forward to this process finally coming to an end!!!
5-8-2019 Intel Guru Eagleone2025 RUSSIA IS MOVING ITS WAR SHIPS INTO THE MIDDLE EAST B-52 ON STAND BY. ALL MILITARY TEAMS ARE IN PLACE IN MIDDLE EAST THERE IS STILL A LOT OF NAVAL FORCE MOVEMENT. THIS IS THE PERFECT STORM FOR THE RV. REMEMBER THIS IS JUST A PROCESS THE INTEL IS VERY SLOW THIS MORNING. MILITARY OPERATION ARE IN THE WORKS. THERE IS A LOT OF MOVEMENT… WHITE HOUSE DEAL ARE LOOKING VERY GOOD ….CHINA AND TRUMP ARE A LOT AHEAD THEN THE NEWS STATES. DEALS ARE BEING DONE. BANK MEETINGS ARE GOING ON …. HSBC AND TREASURY OFFICIALS ARE WORKING OUT PROCESS TODAY.... MEETING INTO THIS EVENING. SIT TIGHT.
5-8-2019 Newshound Guru MilitiaMan Article: "URGENT Pompeo arrives in Baghdad to meet Abdul-Mahdi and Foreign Minister" With this now urgent article showing Pompeo in Iraq for a short and sweet visit, fits the bill imo!
5-8-2019 Intel Guru Frank26 ...So they don't show up... So Trump says ok we're jacking you up from 10% to 25% on your tarriffs by this coming Friday. So China says ok we'll be there. The next thing we know Pompeo shows up in Iraq...he says we're getting some things done...China's almost done. There's a combination of China, the USA, Iraq and Iran...that is going to open a lock to the Re-Instatement of the Iraqi dinar. [post 2 of 2]
5-8-2019 Intel Guru Frank26 IMO, I believe the President of the U.S. is in control of the whole RI of the Iraqi dinar & his dealings with China because they're digging up Iraq...not just with China but with others that are working with Donald Trump. So he tells China get your financial negotiator here...we have got to do some things and finalize it with you regarding Iraq ...because I have business to do with Iraq and you're postponing it. [post 1 of 2....stay tuned]
5-8-2019 Intel Guru Bruce We have certain countries like Japan, like the United States, and a few other countries that are already Basel 4 compliant. The countries that are Basel 3 compliant are good to go for the exchanges. If a country is not Basel 3 compliant is a go around. It is a work around, go around until they are. So, everything is really moving along really excellently this time. I am ready for this to start and go just as everybody else...Have everything ready to go because this is finally looking like it is our time. [post 2 of 2]
5-8-2019 Intel Guru Bruce What is really interesting a lot has been happening, but we have been in a slow and soft roll out of this RV GCR. ...What also happened yesterday is we had brand new live rates of the currencies on the screens... Now I have heard of a few rates. I cannot give rates this time. They do not want those out there, but I can tell you if you remember the last time when we talked about the Dinar is higher than it was then. Iraq should put out tomorrow this final disclosure in the Gazette of whatever they are doing with their Parliament, and quite possibly their new rate on the Iraqi Dinar. Least that is supposed to happen on Wednesday which is their day to publish their official Gazette, their official record. [post 1 of 2....stay tuned]
5-7-2019 Intel Guru AdminBill ...Still looking for good things in the near future.
5-7-2019 Intel Guru MarkZ If I was just a currency holder I wouldn’t look for action until tomorrow. Tomorrow is going to be a big day…imo. [Are rates locked in?] I am told they are absolutely locked in and set. I do not know what the final rates are and I have been told not to talk about rates anymore. My CBI contact is very exceptionally frustrated…they expected a release the Thursday before last…then IMF wanted more documentation …they got that done…and have been ready all week waiting for the IMF to release...They say it’s still an “anytime now” scenario...the news has been exceptionally good…I am feeling very good about where we are today.
5-7-2019 Newshound Guru larrykn [i thought Mahdi has had pressure put on him before june] I'm not sure about June but it will happen...they have a lot to do and I just don't see June is having enough time to get it done. I believe this will happen, otherwise I wouldn't be here...this will happen its just a process, it will come.
5-7-2019 Intel Guru Frank26 [via Clare] IT'S ABOUT TO GET REAL...FAST!...
5-7-2019 Intel Guru MarkZ If I was just a currency holder I wouldn’t look for action until tomorrow. Tomorrow is going to be a big day…imo. [Are rates locked in?] I am told they are absolutely locked in and set. I do not know what the final rates are and I have been told not to talk about rates anymore. My CBI contact is very exceptionally frustrated…they expected a release the Thursday before last…then IMF wanted more documentation …they got that done…and have been ready all week waiting for the IMF to release...They say it’s still an “anytime now” scenario...the news has been exceptionally good…I am feeling very good about where we are today.
5-7-2019 Newshound Guru larrykn [i thought Mahdi has had pressure put on him before june] I'm not sure about June but it will happen...they have a lot to do and I just don't see June is having enough time to get it done. I believe this will happen, otherwise I wouldn't be here...this will happen its just a process, it will come.
5-7-2019 Intel Guru Frank26 [via Clare] IT'S ABOUT TO GET REAL...FAST!...
5-6-2019 Intel Guru MarkZ There is a lot of crazy news right now…some believable, and some unbelievable... We were told it would get crazy before it popped…it certainly is crazy today...its been a day of calls and texts...
5-6-2019 Newshound/Intel Guru Mnt Goat Article quote: "... the UNIFICATION OF THE DOLLAR EXCHANGE RATE IS THE ONLY SOLUTION TO ELIMINATE THE AUCTION CURRENCY." Okay so you hear this from a minister in parliament telling us that part of the solution to the economic crisis is to get rid of the corruption associated with the currency auctions and the only way to do this is to get STOP the currency auctions. Look at how much money they told us is being stolen out of the CBI reserves due to this corruption. They say 15-20 million US dollars a day...5 billion US dollars a year being stolen from the CBI. No wonder why the CBI can not increase it reserves faster with all this oil wealth coming in as revenue. ...as long as the spigot of oil is flowing and the money is rolling in, they will not challenge this theft. The hard part is that the oil will not be flowing forever and so this time of great wealth is the time to sow the seeds of prosperity and build their nation.
5-6-2019 Intel Guru Eagleone2025 WE KNOW THERE IS A LOT OF MOVEMENT. WE ARE WAITING ON A GREEN LIGHT...LIKE MARK [Guru MarkZ] HAS SAID...A LOT IS HAPPENING. WINDOW HAS OPENED… MAY DAY 1 MAY 1-7 …ALOT OF MOVEMENT THE PERIOD WILL KEEP OPEN.
5-6-2019 Intel Guru MarkZ ...There appeared to be a 24 hour stall yesterday and we are hoping everything will resume moving today... [Hannity just said Trump is going to have a big day today. Announcement?] Possibly...there is a whole lot going on today...
5-6-2019 Newshound/Intel Guru Mnt Goat Personally, I think it’s going to be a long wait till January 2020 ...All the signs are showing us this is now going to be the case. Certainly things could always change on a dime but right now no evidence of that. I know the news from Iraq has been very quiet, but I assure you Mutada Al-Sadr and others are hard at work to turn it all around. ...We do know that Mahdi has until June to complete his government for face a possible “no confidence” vote. Will this happen?
5-6-2019 Newshound Guru larrykn Article: "The Central Bank betray Iraq daily through the auction of corrupt currency" this is why they need to revalue and get off the Auctions... (it's) too easy for corruption. [Maybe this will push them to do it...] I think there is a lot of things they need to get done before that happens which I haven't seen them to yet...they haven't even formed their government yet besides passing the laws needed. [they wont do nothing much now with Ramadan going on.] I don't think even if they wanted to would this happen that fast for Ramadan...its just another holiday for them. We will be here way after that holiday is over...
5-6-2019 Newshound/Intel Guru Mnt Goat Article quote: "... the UNIFICATION OF THE DOLLAR EXCHANGE RATE IS THE ONLY SOLUTION TO ELIMINATE THE AUCTION CURRENCY." Okay so you hear this from a minister in parliament telling us that part of the solution to the economic crisis is to get rid of the corruption associated with the currency auctions and the only way to do this is to get STOP the currency auctions. Look at how much money they told us is being stolen out of the CBI reserves due to this corruption. They say 15-20 million US dollars a day...5 billion US dollars a year being stolen from the CBI. No wonder why the CBI can not increase it reserves faster with all this oil wealth coming in as revenue. ...as long as the spigot of oil is flowing and the money is rolling in, they will not challenge this theft. The hard part is that the oil will not be flowing forever and so this time of great wealth is the time to sow the seeds of prosperity and build their nation.
5-6-2019 Intel Guru Eagleone2025 WE KNOW THERE IS A LOT OF MOVEMENT. WE ARE WAITING ON A GREEN LIGHT...LIKE MARK [Guru MarkZ] HAS SAID...A LOT IS HAPPENING. WINDOW HAS OPENED… MAY DAY 1 MAY 1-7 …ALOT OF MOVEMENT THE PERIOD WILL KEEP OPEN.
5-6-2019 Intel Guru MarkZ ...There appeared to be a 24 hour stall yesterday and we are hoping everything will resume moving today... [Hannity just said Trump is going to have a big day today. Announcement?] Possibly...there is a whole lot going on today...
5-6-2019 Newshound/Intel Guru Mnt Goat Personally, I think it’s going to be a long wait till January 2020 ...All the signs are showing us this is now going to be the case. Certainly things could always change on a dime but right now no evidence of that. I know the news from Iraq has been very quiet, but I assure you Mutada Al-Sadr and others are hard at work to turn it all around. ...We do know that Mahdi has until June to complete his government for face a possible “no confidence” vote. Will this happen?
5-6-2019 Newshound Guru larrykn Article: "The Central Bank betray Iraq daily through the auction of corrupt currency" this is why they need to revalue and get off the Auctions... (it's) too easy for corruption. [Maybe this will push them to do it...] I think there is a lot of things they need to get done before that happens which I haven't seen them to yet...they haven't even formed their government yet besides passing the laws needed. [they wont do nothing much now with Ramadan going on.] I don't think even if they wanted to would this happen that fast for Ramadan...its just another holiday for them. We will be here way after that holiday is over...
5-5-2019 Intel Guru RayRen98 [via No Static] ...Ray reported on a phone call he received this morning. According to his source, something “really big” has happened in Kurdistan. Ray wouldn’t disclose the subject matter but...and that this could affect where we’ll find ourselves this Monday, Tuesday and Wednesday...
5-5-2019 Intel Guru RayRen98 PM Mahdi has returned to Baghdad from his European trip. [Reminder: Last Wednesday Iraqi TV was broadcasting that the cabinet selections will be concluded upon Mahdi's return from his European trip. smile] ...Iraqi TV reports that PM Mahdi asserts sending names for the last 4 cabinet positions, yet Parliament claims to have not received such names. Parliament is claiming to be faultless for the cabinet not being completed today. Iraq has opened more of its "closed for several years" streets, but not all have been opened yet. ...Some US Banks have staff on alert over the weekend... Late evening reports are coming in of some Kurdistan contractors being paid at a new, and improved currency rate? Time Will Tell.
5-5-2019 Newshound Guru Stryker Iraq prepares and float versus an RV ...Iraq's assets have grown greatly since 2008, why hasn't the value of the dinar?..
5-5-2019 Newshound Guru larrykn I heard they are going to pass a lot of laws this weekend, lets see if they do it or not.
5-5-2019 Intel Guru RayRen98 PM Mahdi has returned to Baghdad from his European trip. [Reminder: Last Wednesday Iraqi TV was broadcasting that the cabinet selections will be concluded upon Mahdi's return from his European trip. smile] ...Iraqi TV reports that PM Mahdi asserts sending names for the last 4 cabinet positions, yet Parliament claims to have not received such names. Parliament is claiming to be faultless for the cabinet not being completed today. Iraq has opened more of its "closed for several years" streets, but not all have been opened yet. ...Some US Banks have staff on alert over the weekend... Late evening reports are coming in of some Kurdistan contractors being paid at a new, and improved currency rate? Time Will Tell.
5-5-2019 Newshound Guru Stryker Iraq prepares and float versus an RV ...Iraq's assets have grown greatly since 2008, why hasn't the value of the dinar?..
5-5-2019 Newshound Guru larrykn I heard they are going to pass a lot of laws this weekend, lets see if they do it or not.
5-4-2019 Newshound/Intel Guru Mnt Goat Next parliamentary session is scheduled for [today], Saturday. No announcements that they will vote on the remaining ministers.
5-4-2019 Newshound/Intel Guru Mnt Goat ...The banks DO NOT control the RV. The US Treasury DO NOT control the RV. The initiation must come from the CBI. An indication to us that they have done so will come from the “project to delete the zeros”. This [is] now on hold again and we wait...Does the US have some impact? Yes, the US does have a say in the approval cycle once the CBI is ready. So now April is gone and we will see what May brings us. Remember April showers brings May flowers so we wait and see…lol. We know something has to break soon and so will it happen in May or will this be strung out all the way until 2020? [post 2 of 2]
5-4-2019 Newshound/Intel Guru Mnt Goat ...there is NO sound or reasonable evidence that the Iraqi dinar will or can RV anytime soon. ...the window of opportunity quickly closed at the end of March 2019 as it did in 2018. This happened when the government had the CBI send out the electronic payment files and paid out at the old 1180 rate both times. The only window we now know is for January 2020. Could this change? Yes, it could but there is no sign or evidence it has or will. [post 1 of 2....stay tuned]
5-4-2019 Intel Guru RayRen98 ...on Iraq tv they are reporting that all citizens will have their purchasing power before June and that is a correct statement Mandi saying Iraq moving in a positive manner.
5-4-2019 Newshound Guru MilitiaMan "Alak has been promoted to Vice President of current session and the President of the AMF in the next session to follow." Alak is not bringing a program rate to the head of the class at the AMF [Arab Monetary Fund] , imo period...
5-4-2019 Newshound/Intel Guru Mnt Goat ...The banks DO NOT control the RV. The US Treasury DO NOT control the RV. The initiation must come from the CBI. An indication to us that they have done so will come from the “project to delete the zeros”. This [is] now on hold again and we wait...Does the US have some impact? Yes, the US does have a say in the approval cycle once the CBI is ready. So now April is gone and we will see what May brings us. Remember April showers brings May flowers so we wait and see…lol. We know something has to break soon and so will it happen in May or will this be strung out all the way until 2020? [post 2 of 2]
5-4-2019 Newshound/Intel Guru Mnt Goat ...there is NO sound or reasonable evidence that the Iraqi dinar will or can RV anytime soon. ...the window of opportunity quickly closed at the end of March 2019 as it did in 2018. This happened when the government had the CBI send out the electronic payment files and paid out at the old 1180 rate both times. The only window we now know is for January 2020. Could this change? Yes, it could but there is no sign or evidence it has or will. [post 1 of 2....stay tuned]
5-4-2019 Intel Guru RayRen98 ...on Iraq tv they are reporting that all citizens will have their purchasing power before June and that is a correct statement Mandi saying Iraq moving in a positive manner.
5-4-2019 Newshound Guru MilitiaMan "Alak has been promoted to Vice President of current session and the President of the AMF in the next session to follow." Alak is not bringing a program rate to the head of the class at the AMF [Arab Monetary Fund] , imo period...
5-3-2019 Intel Guru MarkZ So sounds like the can was kicked again until Monday…its still early but that is what my gut is telling me right now...banking apts starting on Monday. So not really bad news…its just we are all sick of that can. IRAQI NEWS: I was told from contact in Iraq that their part is done- everything handed to IMF and they are waiting for the new rate…I have seen no proof they have started exchanging in Iraq. [Any thought on what is holding it up?] I know whatever happened in England threw them a curve yesterday…I don’t know if anything is holding it up though. I think we are in the window waiting for our turn to go in. [Ramadan starts sundown May 5th] that’s the one I’m watching…I know they wanted this done before Ramadan… we will be watching the Middle East all weekend for sure.
5-3-2019 Newshound Guru ChrisC "Alak is not bringing a program rate to the head of the class at the AMF [Arab Monetary Fund]..." Of all the signs, or pieces of evidence, this is the most clear and pertinent to me. This is like saying some fat guy that has never played football is the new quarterback for Dallas. That's not happening. There should be NO possible way that a CB governor that doesn't even have an international currency could occupy such a high profile position. It would be embarrassing.
5-3-2019 Newshound Guru MilitiaMan 6) IMF at least twice has addressed their exchange rate to be in line with international standards. imo 7) IMF talking about changing the currency auctions or effectively ceasing them as we know them. 8) Article from the CBI talking about a unified Arab Currency! 9) ISX to be linking with the Nsadaq. 10) Financial Inclusion was a success to date. Those are a few thoughts that come to mind. Most all the items above have no validity while the IQD is at a program rate. I'll be watching the out come from Mahdi in France. Mahdi and Abadi were involved in the Paris Club. So lets see if Mahdi brings home the kittens.. lol imo. [post 3 of 3]
5-3-2019 Newshound Guru MilitiaMan 3) An article from the Basra Branch of the CBI, told us that they were to facilitate exchange trade with all groups of currency. The spoke of lower denominations and small category notes, and all groups!! ...IRAQ TRADE BANK to be operational, as the first international bank of Iraq, in Riyad Saudi Arabia come mid May. 4) Alak has been promoted to Vice President of current session and the President of the AMF in the next session to follow. 5) Alak was recently in Erbil at a new Bank with what looks like him giving education on currency that has different coloring, etc. They don't need education on old notes. [post 2 of 3....stay tuned]
5-3-2019 Newshound Guru MilitiaMan Laundry list of thoughts of mine why we are going to the Bank so very soon, imo! 1) The Parliamentary Finance Committee is moving in the current legislative session to develop mechanisms to change the 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." ~ March 20, 2019.." "the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation In the country"." 2) Mahdi stated that before June he would increase purchase power for the citizens. [post 1 of 3....stay tuned]
5-3-2019 Intel Guru Bruce I have been asked again not to go into rates... because the fact we are so close to what is going on. ...the Iraqi Dinar and the USTN, our new currency, started to trading last night...and needed 12 hours straight of trading those two pairs together in order to get the rate of the dollar...versus the Iraqi Dinar. Now, the Iraqi Dinar has been off the screens for days now...it should be up tomorrow morning [Friday] I would think...the trading needed to take place and it did... We know that President Trump has signed off on this. We know the IMF has signed off... They signed off on everything to release...I understand that the currencies are registered, the rates are all registered, and everything is signed off. I think we are really in a sweet spot right now...My understanding is from some of our very highest bank sources that we should be setting appointments tomorrow [Friday]...
5-3-2019 Newshound Guru ChrisC "Alak is not bringing a program rate to the head of the class at the AMF [Arab Monetary Fund]..." Of all the signs, or pieces of evidence, this is the most clear and pertinent to me. This is like saying some fat guy that has never played football is the new quarterback for Dallas. That's not happening. There should be NO possible way that a CB governor that doesn't even have an international currency could occupy such a high profile position. It would be embarrassing.
5-3-2019 Newshound Guru MilitiaMan 6) IMF at least twice has addressed their exchange rate to be in line with international standards. imo 7) IMF talking about changing the currency auctions or effectively ceasing them as we know them. 8) Article from the CBI talking about a unified Arab Currency! 9) ISX to be linking with the Nsadaq. 10) Financial Inclusion was a success to date. Those are a few thoughts that come to mind. Most all the items above have no validity while the IQD is at a program rate. I'll be watching the out come from Mahdi in France. Mahdi and Abadi were involved in the Paris Club. So lets see if Mahdi brings home the kittens.. lol imo. [post 3 of 3]
5-3-2019 Newshound Guru MilitiaMan 3) An article from the Basra Branch of the CBI, told us that they were to facilitate exchange trade with all groups of currency. The spoke of lower denominations and small category notes, and all groups!! ...IRAQ TRADE BANK to be operational, as the first international bank of Iraq, in Riyad Saudi Arabia come mid May. 4) Alak has been promoted to Vice President of current session and the President of the AMF in the next session to follow. 5) Alak was recently in Erbil at a new Bank with what looks like him giving education on currency that has different coloring, etc. They don't need education on old notes. [post 2 of 3....stay tuned]
5-3-2019 Newshound Guru MilitiaMan Laundry list of thoughts of mine why we are going to the Bank so very soon, imo! 1) The Parliamentary Finance Committee is moving in the current legislative session to develop mechanisms to change the 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." ~ March 20, 2019.." "the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation In the country"." 2) Mahdi stated that before June he would increase purchase power for the citizens. [post 1 of 3....stay tuned]
5-3-2019 Intel Guru Bruce I have been asked again not to go into rates... because the fact we are so close to what is going on. ...the Iraqi Dinar and the USTN, our new currency, started to trading last night...and needed 12 hours straight of trading those two pairs together in order to get the rate of the dollar...versus the Iraqi Dinar. Now, the Iraqi Dinar has been off the screens for days now...it should be up tomorrow morning [Friday] I would think...the trading needed to take place and it did... We know that President Trump has signed off on this. We know the IMF has signed off... They signed off on everything to release...I understand that the currencies are registered, the rates are all registered, and everything is signed off. I think we are really in a sweet spot right now...My understanding is from some of our very highest bank sources that we should be setting appointments tomorrow [Friday]...
5-2-2019 Intel Guru MarkZ I am a little salty this morning...I was expecting to wake up wealthy today…Our folks were told last night...that there was a hang up in England...We were told to watch England 2 hours before all hell broke loose in England and then it did… I am told it is worked out…keep in mind the central banks are headquartered out of London…so the delay could have been the banking establishment there. [When do you see the rv now? Still Friday?] ...my concern now is we won’t be banking until Monday now. [Are we waiting for the auctions to stop in Iraq?] I was told they have already stopped in Iraq…and there has not been one recently. ...People in Iraq say that everything –all paperwork- was given to the IMF and its all in their hands...they are expecting today is the day.
5-2-2019 Intel Guru Frank26 [via Iobey777] THERE'S A LOT GOING ON WITH THE MR [MONETARY REFORM] IN IRAQ AND THE FAB 4 IS GIVING OUT SPARKS... THEY ARE ENLIGHTENING US WITH UNDERSTANDING ...THE IMF COMES OUT...STOP THE AUCTIONS! THEY REALLY WANT THEM TO SAY THEY ARE ART 8, BUT IRAQ IS THE ONLY ONE THAT CAN DO THAT...THEY CAN'T TELL THEM LIFT THE 3 ZEROS...THEY CAN'T STOP THE AUCTIONS! INFLATION WOULD GO HIGHER! WHAT THEY ARE SAYING IS LIFT THE 3 ZEROS OR CHANGE THE AUCTIONS! ...THE FAB 4 IS TALKING TO THEM YOU DON'T STOP AUCTIONS...THEY TRANSCEND BY LIFTING THE VALUE OF THE IQD!...I DON'T BELIEVE THERE ARE ANY DELAYS! I BELIEVE IT IS GETTING DONE! IMO.
5-2-2019 Newshound Guru larrykn [Most of Iraq's revenue is petrodollars] ...they have been paying in petro dollars all this time, they will continue to do that until they change their currency, I don't see that happening for a while. They have a lot to get done before they can do that IMO. I'm getting more convinced that we won't see these this year. but you never know.
5-2-2019 Intel Guru MarkZ [Is this taxable?] We have been told over and over again that it is not…however, none of us will know for sure until it goes…imo… [NOTE: Check with your tax professional at the appropriate time]
5-2-2019 Intel Guru Frank26 [via Iobey777] THERE'S A LOT GOING ON WITH THE MR [MONETARY REFORM] IN IRAQ AND THE FAB 4 IS GIVING OUT SPARKS... THEY ARE ENLIGHTENING US WITH UNDERSTANDING ...THE IMF COMES OUT...STOP THE AUCTIONS! THEY REALLY WANT THEM TO SAY THEY ARE ART 8, BUT IRAQ IS THE ONLY ONE THAT CAN DO THAT...THEY CAN'T TELL THEM LIFT THE 3 ZEROS...THEY CAN'T STOP THE AUCTIONS! INFLATION WOULD GO HIGHER! WHAT THEY ARE SAYING IS LIFT THE 3 ZEROS OR CHANGE THE AUCTIONS! ...THE FAB 4 IS TALKING TO THEM YOU DON'T STOP AUCTIONS...THEY TRANSCEND BY LIFTING THE VALUE OF THE IQD!...I DON'T BELIEVE THERE ARE ANY DELAYS! I BELIEVE IT IS GETTING DONE! IMO.
5-2-2019 Newshound Guru larrykn [Most of Iraq's revenue is petrodollars] ...they have been paying in petro dollars all this time, they will continue to do that until they change their currency, I don't see that happening for a while. They have a lot to get done before they can do that IMO. I'm getting more convinced that we won't see these this year. but you never know.
5-2-2019 Intel Guru MarkZ [Is this taxable?] We have been told over and over again that it is not…however, none of us will know for sure until it goes…imo… [NOTE: Check with your tax professional at the appropriate time]
5-1-2019 Intel Guru Eagleone2025 [new Guru] May Day May Day today is May 1st so we are now in the second window. May 1-7... The Meeting in Washington D.C..with Trump went very well. [What was DC meeting about?] The RV.
5-1-2019 Intel Guru MarkZ [Let's get this party started] I agree…and that’s the rumor that the party starts late afternoon today…we have so much expectation for today…expectations are huge...there really is so much news hitting... I am expecting we can start making apts. before Friday. The redemption centers firmly believe they will start seeing people on Friday...
5-1-2019 Newshound Guru Adam Montana Article: "Barzani meets with Mahdi re: HCL" Things happen slowly in Iraq. We know this. It was about 3 months ago when I posted that original link...the articles are starting to focus on the higher level agreements. This is the fine tuning, and the polishing. That's what I'm seeing happening right now... and it's all coming full circle, about 3-6 months after the last big round of "regular" news. This just happens to fall in place perfectly, if you ask me. I'm on the fence about Ramadan this year - it might not be as quiet as it has been in the past. I'm hoping to find some more clues, or get some "boots on the ground" feedback over the next couple days. [post 2 of 2]
5-1-2019 Newshound Guru Adam Montana It seems we are in an interesting situation right now. I've been watching the news shift directions slightly...not in an opposing way, just a shift. In the past, we've had some key things happen around mid-year. Major items, like Chapter 7, for example. The "shift" in the news that I'm seeing is - and I say this with a little bit of reservation, because I'm not substituting my intuition for an actual crystal ball - it is encouraging, in a way that may be signaling another big announcement in the middle of the year. I'm expecting a revaluation of the Iraqi Dinar to be preceded by a bit of silence...and we do have that right now. Don't get me wrong, we have a lot of encouraging articles to read right now, but the subtle shift in tone...It's hard to explain... [post 1 of 2....stay tuned]
5-1-2019 Intel Guru Footforward To be clear, I expect the dinar to revalue and I expect the rate to be over 3.
5-1-2019 Intel Guru Bruce I will say this, we are at the right level where we want to be, and we should have Dinar back on the screens here. It was off...Monday...but I think we are at a Go period...we are ready to kick this thing off. ...I believe we are looking in pretty good shape for tomorrow [Wednesday], and it might be late morning. I am going to suggest everybody just get excited and get ready to go. [post 2 of 2]
5-1-2019 Intel Guru Bruce [via PinkRoses] We are really in a situation where most sources have been told to shut up and literally just be quiet right now...The banks sources that we have have been asked to be very quiet...Things that were issues a few days ago, are no longer an issue, and that is the kind of news I like to hear... I have been asked...not to get specific about the rates. So, I won’t. ...You are going to find the rate of the Dong...to be very close, within 10% of the Dinar which is tremendous. Much higher than we thought it was going to be. [post 1 of 2....stay tuned]
5-1-2019 Intel Guru RayRen98 Parliament met today and agreed to vote on the ministers of Justice and Transportation this week and the ministers of Interior and Defense next week. This will coincide with the opening of the Green Zone anticipated within 10 days. PM Mahdi stated that Iraq will witness great internationalism in the coming period. [The coming period? Is this a replacement for the coming days? LOL]
5-1-2019 Intel Guru MarkZ [Let's get this party started] I agree…and that’s the rumor that the party starts late afternoon today…we have so much expectation for today…expectations are huge...there really is so much news hitting... I am expecting we can start making apts. before Friday. The redemption centers firmly believe they will start seeing people on Friday...
5-1-2019 Newshound Guru Adam Montana Article: "Barzani meets with Mahdi re: HCL" Things happen slowly in Iraq. We know this. It was about 3 months ago when I posted that original link...the articles are starting to focus on the higher level agreements. This is the fine tuning, and the polishing. That's what I'm seeing happening right now... and it's all coming full circle, about 3-6 months after the last big round of "regular" news. This just happens to fall in place perfectly, if you ask me. I'm on the fence about Ramadan this year - it might not be as quiet as it has been in the past. I'm hoping to find some more clues, or get some "boots on the ground" feedback over the next couple days. [post 2 of 2]
5-1-2019 Newshound Guru Adam Montana It seems we are in an interesting situation right now. I've been watching the news shift directions slightly...not in an opposing way, just a shift. In the past, we've had some key things happen around mid-year. Major items, like Chapter 7, for example. The "shift" in the news that I'm seeing is - and I say this with a little bit of reservation, because I'm not substituting my intuition for an actual crystal ball - it is encouraging, in a way that may be signaling another big announcement in the middle of the year. I'm expecting a revaluation of the Iraqi Dinar to be preceded by a bit of silence...and we do have that right now. Don't get me wrong, we have a lot of encouraging articles to read right now, but the subtle shift in tone...It's hard to explain... [post 1 of 2....stay tuned]
5-1-2019 Intel Guru Footforward To be clear, I expect the dinar to revalue and I expect the rate to be over 3.
5-1-2019 Intel Guru Bruce I will say this, we are at the right level where we want to be, and we should have Dinar back on the screens here. It was off...Monday...but I think we are at a Go period...we are ready to kick this thing off. ...I believe we are looking in pretty good shape for tomorrow [Wednesday], and it might be late morning. I am going to suggest everybody just get excited and get ready to go. [post 2 of 2]
5-1-2019 Intel Guru Bruce [via PinkRoses] We are really in a situation where most sources have been told to shut up and literally just be quiet right now...The banks sources that we have have been asked to be very quiet...Things that were issues a few days ago, are no longer an issue, and that is the kind of news I like to hear... I have been asked...not to get specific about the rates. So, I won’t. ...You are going to find the rate of the Dong...to be very close, within 10% of the Dinar which is tremendous. Much higher than we thought it was going to be. [post 1 of 2....stay tuned]
5-1-2019 Intel Guru RayRen98 Parliament met today and agreed to vote on the ministers of Justice and Transportation this week and the ministers of Interior and Defense next week. This will coincide with the opening of the Green Zone anticipated within 10 days. PM Mahdi stated that Iraq will witness great internationalism in the coming period. [The coming period? Is this a replacement for the coming days? LOL]
4-29-2019 Intel Guru MarkZ [Did Iraq truly close its borders over the weekend?] I have a close friend in Iraq and he told me the borders near him were restricted...they were checking people for currency at the borders. So he assumed this was all over the country at all the borders but we do not know for sure. ...they are trying to get this done before Ramadan...is what we were told. [post 2 of 2]
4-29-2019 Intel Guru MarkZ We are being told the rates are set...[Will we see rates on forex before we exchange?] I believe we will...start exchanging before they put the rate on forex. If they still want to keep things quiet they will want us to exchange and sign those NDA’s. [Some gurus said that when Iraq goes international they can only hold back the new rates for 72 hours.?] We do not have concrete proof that it is international over there yet. We do have concrete proof that rates are locked in and showing now though... [post 1 of 2....stay tuned]
4-29-2019 Newshound Guru chattels [Is this ever gonna happen] I cannot think of much reason that it would happen this year. Other than to think that it may happen when one would least expect it.
4-29-2019 Newshound/Intel Guru Mnt Goat Article: "TO ENACT THE LAW OF FINANCIAL ADMINISTRATION" Quote: “...the Committee is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state...” I don’t know exactly how long this will take but it is very good news. I quote from the article. – “the change will raise the exchange rate of the Iraqi dinar against foreign currencies”. We wait and see what happens. How many times have we heard this and yet NOTHING ever happens?
4-29-2019 Intel Guru MarkZ [Are you confident the dong is going to be in the first basket?] I am extremely confident it is going to be in the first basket. Imo its 110% it will be in the 1st basket. Iraq has a considerable amount of dong in their treasury and Vietnam holds a considerable amount of IQD. They have been in this together from the get-go.
4-29-2018 Newshound/Intel Guru Mnt Goat ...there is NO sound or reasonable evidence that the Iraqi dinar will or can RV anytime soon...the window of opportunity quickly closed at the end of March 2019 when the government had the CBI send out the electronic payment files and paid out at the old 1180 rate. The only window we now know is for January 2020. Could this change? Yes, it could but there is no sign or evidence it has or will. ...So now April is just about gone and we will see what May brings us. Remember April showers brings May flowers so we wait and see…
4-29-2019 Intel Guru MarkZ We are being told the rates are set...[Will we see rates on forex before we exchange?] I believe we will...start exchanging before they put the rate on forex. If they still want to keep things quiet they will want us to exchange and sign those NDA’s. [Some gurus said that when Iraq goes international they can only hold back the new rates for 72 hours.?] We do not have concrete proof that it is international over there yet. We do have concrete proof that rates are locked in and showing now though... [post 1 of 2....stay tuned]
4-29-2019 Newshound Guru chattels [Is this ever gonna happen] I cannot think of much reason that it would happen this year. Other than to think that it may happen when one would least expect it.
4-29-2019 Newshound/Intel Guru Mnt Goat Article: "TO ENACT THE LAW OF FINANCIAL ADMINISTRATION" Quote: “...the Committee is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state...” I don’t know exactly how long this will take but it is very good news. I quote from the article. – “the change will raise the exchange rate of the Iraqi dinar against foreign currencies”. We wait and see what happens. How many times have we heard this and yet NOTHING ever happens?
4-29-2019 Intel Guru MarkZ [Are you confident the dong is going to be in the first basket?] I am extremely confident it is going to be in the first basket. Imo its 110% it will be in the 1st basket. Iraq has a considerable amount of dong in their treasury and Vietnam holds a considerable amount of IQD. They have been in this together from the get-go.
4-29-2018 Newshound/Intel Guru Mnt Goat ...there is NO sound or reasonable evidence that the Iraqi dinar will or can RV anytime soon...the window of opportunity quickly closed at the end of March 2019 when the government had the CBI send out the electronic payment files and paid out at the old 1180 rate. The only window we now know is for January 2020. Could this change? Yes, it could but there is no sign or evidence it has or will. ...So now April is just about gone and we will see what May brings us. Remember April showers brings May flowers so we wait and see…
4-30-2019 Intel Guru MarkZ [via PDK] A whole lot of movement yesterday…some high level military meetings went on about how to handle things like any upsets...how to handle the execution of stuff. A landmark meeting. Banks and redemption centers seem to be ramping up activity right now...getting ready for tomorrow? I hope so...I really hope they do not kick the can again…but based on the movement we saw yesterday tomorrow could be the day. Are they exchanging possibly in Iraq? They can legally go days before us in Iraq…keep in mind Kuwait went 10 days before the rest of the world caught on and they went international. A number of us were asked by the Treasury to not talk about rates…period. [Will things stall until Ramadan?] No ….we feel they will release it all before Ramadan so they can have a hellaciously fun Ramadan period.
4-30-2019 Newshound Guru larrykn Article: "Saairun cedes security adviser seeking central bank head post" [Is it possible that [Guru] tman23 is correct about the replacement of the CBI governor?] [reference Guru tman3 post 4-26-2019] he might be...this article is saying they are replacing the governor...who they pick will mean a lot to how Iraq will move forward. I'm thinking the PM will pick someone that will move toward reforms...
4-30-2019 Newshound Guru chattels Article quotes: "Parliament ends reading three laws..."; "...it was decided to adjourn the meeting until Tuesday, 30/4/201" [what happened with the voting on the ministers...?] ...I am unaware that a vote has been scheduled. My read and take on that news was that names had been agreed upon, but there have been several of those articles without any vote.
4-30-2019 Newshound Guru larrykn Article: "Saairun cedes security adviser seeking central bank head post" [Is it possible that [Guru] tman23 is correct about the replacement of the CBI governor?] [reference Guru tman3 post 4-26-2019] he might be...this article is saying they are replacing the governor...who they pick will mean a lot to how Iraq will move forward. I'm thinking the PM will pick someone that will move toward reforms...
4-30-2019 Newshound Guru chattels Article quotes: "Parliament ends reading three laws..."; "...it was decided to adjourn the meeting until Tuesday, 30/4/201" [what happened with the voting on the ministers...?] ...I am unaware that a vote has been scheduled. My read and take on that news was that names had been agreed upon, but there have been several of those articles without any vote.
4-28-2019 Intel Guru MarkZ If by some reason this stalls in the next couple days we are told the banking crash will force it. We are in the final days of this and quickly approaching a crash. I have some fantastic sources…I really have been blessed...I postponed family time this weekend because we are so close. ...they are knee deep in getting this out…and based on the progress they are making we hope we will all see it in the next day or two. [post 2 of 2]
4-28-2019 Intel Guru MarkZ There was a tremendous amount of work positioning for tomorrow on the banking side...amazing amount of things happening…Banking contacts say it is now trading a live rate...an entire army people working right now verifying things. We are getting reports from all over the world that there is an international rate...we are trying to verify that. [post 1 of 2....stay tuned]
4-28-2019 Intel Guru MarkZ There was a tremendous amount of work positioning for tomorrow on the banking side...amazing amount of things happening…Banking contacts say it is now trading a live rate...an entire army people working right now verifying things. We are getting reports from all over the world that there is an international rate...we are trying to verify that. [post 1 of 2....stay tuned]
4-27-2019 Intel Guru MarkZ A lot of Intel Providers have been asked to stand down and keep quiet this weekend ...so you may see intel pretty scarce this weekend.
4-27-2019 Intel Guru Frank26 IMO, they are doing something at the CBI...it's all related to financial inclusion which includes their financial steps. Iraq is about to make a major economic change, on one condition...what do you think it is? ...Contractors that have been waiting to get into Iraq are now being paid. They are doing something to prepare, I believe, what we call article 2, an announcement that yea we are Article 8 and that yea we have been using the tools inside of our country...now we are about to do it outside of our country on an international status...things are looking really good...
4-27-2019 Intel Guru MarkZ [any news from your contacts in Iraq?] We have seen lower denoms but no coinage or really small notes like the one dinar note. There are rumors that the RV has gone for $8.20 …if that were true how would they make change without those coins or really small notes? How would you get change when they buy a soda or pack of gum? No coins or small notes yet imo. [...do you think that maybe there is a chance that they might be fooling all of us and it’s not going to happen?] I believe it's absolutely a “when” and not an “if”... I have seen to much behind the scenes and to much paperwork...it’s the when that has driven us all nuts.
4-27-2019 Intel Guru Frank26 IMO, they are doing something at the CBI...it's all related to financial inclusion which includes their financial steps. Iraq is about to make a major economic change, on one condition...what do you think it is? ...Contractors that have been waiting to get into Iraq are now being paid. They are doing something to prepare, I believe, what we call article 2, an announcement that yea we are Article 8 and that yea we have been using the tools inside of our country...now we are about to do it outside of our country on an international status...things are looking really good...
4-27-2019 Intel Guru MarkZ [any news from your contacts in Iraq?] We have seen lower denoms but no coinage or really small notes like the one dinar note. There are rumors that the RV has gone for $8.20 …if that were true how would they make change without those coins or really small notes? How would you get change when they buy a soda or pack of gum? No coins or small notes yet imo. [...do you think that maybe there is a chance that they might be fooling all of us and it’s not going to happen?] I believe it's absolutely a “when” and not an “if”... I have seen to much behind the scenes and to much paperwork...it’s the when that has driven us all nuts.
4-26-2019 Newshound/Intel Guru Mnt Goat CLARIFICATION OF THE STALLING TO FORM THE LAST OF THE CABINET ...the only reason is that these coalitions realize how important these positions are and want their own person in the positions. That is all it is. It has NOTHING to do with stalling using this as an excuse to hold up the RV and currency reform...There is NO connection!
4-26-2019 Newshound Guru larrykn Articles: "Memorandum of understanding between the Union of Iraqi contractors and Turkish counterpart"; "Ministry of construction signed a contract setting up desalination project schemes in Basra with an Austrian company." Lots of good deals are being made right now, I still say if Iraq can get out of their own way, good things will happen.
4-26-2019 Newshound Guru Adam Montana No major updates on the dinar, but that's not discouraging in the least...we're simply tracking on a positive course.
4-26-2019 Intel Guru Bruce We know that a week ago today, last Thursday, the Dinar was out on the screen at $8.20. We know that it is projected to go higher. It should be higher now. I can’t confirm a rate...We know the Dong could be approaching about 75% of the Dinar which would put it at $6.00 or over $6.00...I am looking for confirmation on that. ...we are so close we can taste this. We are any minute to I would say by Saturday ready to go. ...They are ready. We are ready. Everything is set. We just need that green light to come on to get this party started. [post 2 of 2]
4-26-2019 Intel Guru Bruce [via PinkRoses] Let’s talk first-of-all about the timing of this...Everything is poised and ready to go at any moment. ...We know that Iraq...this morning [Thursday] had their total financial inclusion took place. That financial inclusion was a culmination of everything that needed to be done with banking systems, with the new rates, with Qi cards used to pay out citizenry, with having an international tradable currency globally with ability to be traded...That financial inclusion culminated and activated today [Thursday]. There you have what it is we have been waiting for from Iraq forever...People are ready to invest and come in now that there is an international tradable currency as the Dinar. [post 1 of 2....stay tuned]
4-26-2019 Intel Guru MarkZ Big news overnight is I was told the borders are closed in Iraq…this probably means good things for us and for the people in Iraq…We were always told they would close their borders just before they reset their currency. …We are watching closely today into tomorrow [Friday]. ...if they really did close the borders in Iraq and are releasing new rates today then maybe things start tomorrow [Friday]? My banking contact who is at a redemption center says we are still in a minute to minute watch...and to keep watching.
4-26-2019 Newshound/Intel Guru tman23 ...coming September 25th there will be a NEW CBI GOVERNOR... This is a FACT! So yes its stewing...but will the do it for the second quarter or wait until they seat the new CBI governor and roll to first of the year...sit back and watch mid June along with first signal will be new currency... [post 2 of 2]
4-26-2019 Newshound Guru larrykn Articles: "Memorandum of understanding between the Union of Iraqi contractors and Turkish counterpart"; "Ministry of construction signed a contract setting up desalination project schemes in Basra with an Austrian company." Lots of good deals are being made right now, I still say if Iraq can get out of their own way, good things will happen.
4-26-2019 Newshound Guru Adam Montana No major updates on the dinar, but that's not discouraging in the least...we're simply tracking on a positive course.
4-26-2019 Intel Guru Bruce We know that a week ago today, last Thursday, the Dinar was out on the screen at $8.20. We know that it is projected to go higher. It should be higher now. I can’t confirm a rate...We know the Dong could be approaching about 75% of the Dinar which would put it at $6.00 or over $6.00...I am looking for confirmation on that. ...we are so close we can taste this. We are any minute to I would say by Saturday ready to go. ...They are ready. We are ready. Everything is set. We just need that green light to come on to get this party started. [post 2 of 2]
4-26-2019 Intel Guru Bruce [via PinkRoses] Let’s talk first-of-all about the timing of this...Everything is poised and ready to go at any moment. ...We know that Iraq...this morning [Thursday] had their total financial inclusion took place. That financial inclusion was a culmination of everything that needed to be done with banking systems, with the new rates, with Qi cards used to pay out citizenry, with having an international tradable currency globally with ability to be traded...That financial inclusion culminated and activated today [Thursday]. There you have what it is we have been waiting for from Iraq forever...People are ready to invest and come in now that there is an international tradable currency as the Dinar. [post 1 of 2....stay tuned]
4-26-2019 Intel Guru MarkZ Big news overnight is I was told the borders are closed in Iraq…this probably means good things for us and for the people in Iraq…We were always told they would close their borders just before they reset their currency. …We are watching closely today into tomorrow [Friday]. ...if they really did close the borders in Iraq and are releasing new rates today then maybe things start tomorrow [Friday]? My banking contact who is at a redemption center says we are still in a minute to minute watch...and to keep watching.
4-26-2019 Newshound/Intel Guru tman23 ...coming September 25th there will be a NEW CBI GOVERNOR... This is a FACT! So yes its stewing...but will the do it for the second quarter or wait until they seat the new CBI governor and roll to first of the year...sit back and watch mid June along with first signal will be new currency... [post 2 of 2]
4-25-2019 Newshound/Intel Guru tman23 ...The news I have is follows...May 6 is Ramada...on that date what I have known for past week or so is that there is a HUGE DEAL between US and China for $$$ and that appears to have some regards to a payout for citizens...IQD is what I hope it is but I suspect we should see lower denoms enter the picture and sometime estimate 6 weeks after the May 6 date around 6-15 possibly the change to IQD however they have decided to execute it... [post 1 of 2....stay tuned]
4-25-2019 Intel Guru MarkZ [... Why not just look at forex?] We have been told for 15 years that the rates would be delayed showing on forex …at least by a few days…and those rates would only be the street rates. We are supposed to get at least $2 higher rate in the US for reparations for the Iraqi war. ...All Countries that were involved in Iraq War are supposed to get higher rates is what we were told. Like Canada is supposed to get a higher rate… You are welcome to wait for forex.
4-25-2019 Intel Guru Frank26 [via Iobey77] YESTERDAY AN EXPLOSION OF INFO WAS RELEASED BY THE CBI. [GURU] DELTA LABELED THIS INFO CODE RED AND I APPROVED IT. IMO ONCE AGAIN SHOWING US THEY ARE OPERATING INTERNATIONALLY AS ARTICLE 8...
4-25-2019 Newshound Guru Kaperoni [The new CBI bank being built makes me think they need a world tradable dinar to go along with that Big Fancy Bank!] For sure. Article VIII is coming.
4-25-2019 Intel Guru MarkZ A whole lot happening in Iraq….they fully expect to see new value and new operational rates throughout the middle east tomorrow [Thursday]. If this happens there should be no reason we can’t start going to the banks on Friday...We were told long ago when oil prices went down to watch them start to go up again close to when the RV is released. They need a higher price per barrel of oil so they can justify the rates being paid. …So don’t be offended by higher gas prices right now. This is an excellent sign for us.
4-25-2019 Newshound/Intel Guru Mnt Goat ...The Iraqi Central Bank determines the reinstatement timing not the banks...The bank screen with rates have very little to do with the process other than they are at the VERY last point in the food chain in the process... By the time they are of any significance we would have already known about all these other points and we would know for sure that the reinstatement has already occurred. The CBI also is going to let us know and not just pop this out on its citizens without sufficient warning. We have been told this by the CBI itself over and over again and each time they attempted to reinstate this has been the case...
4-25-2019 Intel Guru MarkZ [IRAQI TV: Bagdad Negotiates with Tehran to buy Natural Gas in Iraqi Dinars. Mark is this Good, What say ye?] Iran buying gas from Iraq with dinar…this is really good news…big news…this improves the odds of us seeing a really quick RV….imo.
4-25-2019 Intel Guru MarkZ [... Why not just look at forex?] We have been told for 15 years that the rates would be delayed showing on forex …at least by a few days…and those rates would only be the street rates. We are supposed to get at least $2 higher rate in the US for reparations for the Iraqi war. ...All Countries that were involved in Iraq War are supposed to get higher rates is what we were told. Like Canada is supposed to get a higher rate… You are welcome to wait for forex.
4-25-2019 Intel Guru Frank26 [via Iobey77] YESTERDAY AN EXPLOSION OF INFO WAS RELEASED BY THE CBI. [GURU] DELTA LABELED THIS INFO CODE RED AND I APPROVED IT. IMO ONCE AGAIN SHOWING US THEY ARE OPERATING INTERNATIONALLY AS ARTICLE 8...
4-25-2019 Newshound Guru Kaperoni [The new CBI bank being built makes me think they need a world tradable dinar to go along with that Big Fancy Bank!] For sure. Article VIII is coming.
4-25-2019 Intel Guru MarkZ A whole lot happening in Iraq….they fully expect to see new value and new operational rates throughout the middle east tomorrow [Thursday]. If this happens there should be no reason we can’t start going to the banks on Friday...We were told long ago when oil prices went down to watch them start to go up again close to when the RV is released. They need a higher price per barrel of oil so they can justify the rates being paid. …So don’t be offended by higher gas prices right now. This is an excellent sign for us.
4-25-2019 Newshound/Intel Guru Mnt Goat ...The Iraqi Central Bank determines the reinstatement timing not the banks...The bank screen with rates have very little to do with the process other than they are at the VERY last point in the food chain in the process... By the time they are of any significance we would have already known about all these other points and we would know for sure that the reinstatement has already occurred. The CBI also is going to let us know and not just pop this out on its citizens without sufficient warning. We have been told this by the CBI itself over and over again and each time they attempted to reinstate this has been the case...
4-25-2019 Intel Guru MarkZ [IRAQI TV: Bagdad Negotiates with Tehran to buy Natural Gas in Iraqi Dinars. Mark is this Good, What say ye?] Iran buying gas from Iraq with dinar…this is really good news…big news…this improves the odds of us seeing a really quick RV….imo.
4-24-2019 Newshound Guru MilitiaMan Article: "International Smart Card Company contributes to financial inclusion" Financial Inclusion and Financial Coverage are both addressed here...They are telling the citizens most important, but, they are also telling us now how far they have come and how safe and secure it is to bring in your money and get cards. They can facilitate all your needs and concerns through the Smart Cards. They are telling them with a card you can not only deposit but, spend...So, clearly this is now well within supporting that Financial inclusion is becoming and more likely is a success and rolling out now as we speak to a level they see fit for MR to date. Lets see if it has a finality this week in respect to how the process is unfolding and at what level they feel is enough Financial Inclusion for the state as a whole...
4-24-2019 Intel Guru MarkZ I am hearing from my Iraqi sources….that during Ramadan the Iraqi people will have a lot to celebrate this year after this has gone. [do you think this is going to happen this week?] I really think this will be out the door this week... They cracked down last Sat…I was told that they DO NOT want us to talk about rates! Remember- very important...do not let currency out of your sight at this point….we are just to close right now. [post 2 of 2]
4-24-2019 Intel Guru MarkZ [via PDK] News was exceptionally good overnight… The chatter out of Iraq is that they will be live on Thursday…their time.. so we have a lot of expectations for late afternoon, early morning for us...There has been a whole lot of movement that I can’t talk about...The CBI has just added Swiss for direct conversion on their site...this is huge….they are getting ready to join the big world. They have also added others like Poland...key allies for banking or trade has been added for direct conversions... [post 1 of 2....stay tuned]
4-24-2019 Newshound Guru MilitiaMan Article: "US agency: Baghdad Tehran to negotiate the purchase of natural gas in Iraqi dinars" It looks like the work in progress is heating up since late last year. Now that Iraq and Iran must make a deal in dinar to circumvent sanctions (possibly have made one)...I suspect the pressure in Iran is red hot to get a proper deal done with the neighbor and in a currency that has value or at least adjust as to not take a hit in trade value between Iraq, and so an appropriate deal can be utilized to alleviate disparity in exchange rates and to avoid sanctions by the rules in place per the USA...We shall see if Iran makes a proper deal to sweeten the pot or not for her citizens. My take is regardless, it is getting very hot...IMO
4-24-2019 Intel Guru Bruce [via PinkRoses] I think we are about to get some good news shortly. ...we had the impression we were going to get notified either last Saturday before the Resurrection Sunday or on Sunday itself...and it didn’t happen, but we do know some things that did happen and where we are kind of as a result of it...There were let’s call it Private exchanges...sort of like VIP exchanges done in various parts of the country, Thursday, Friday, and Saturday...These individuals were told that...their funds would be available today. ...Now, when it comes to exchanges that have occurred...It was...Dinar, Dong, and maybe some other currencies...I know that the rates they were seeing for that purpose were very strong. The Dinar was over $8.00. The Dong was not quite to $5.00...We are in a very good place, guys. I know that it has been a long ride...We are ready.
4-24-2019 Intel Guru Delta URGENT FROM IRAQI TV: US AGENCY...BAGHDAD NEGOTIATE TEHRAN TO BUY NATURAL GAS IN IRAQI DINARS...
4-24-2019 Intel Guru MarkZ I am hearing from my Iraqi sources….that during Ramadan the Iraqi people will have a lot to celebrate this year after this has gone. [do you think this is going to happen this week?] I really think this will be out the door this week... They cracked down last Sat…I was told that they DO NOT want us to talk about rates! Remember- very important...do not let currency out of your sight at this point….we are just to close right now. [post 2 of 2]
4-24-2019 Intel Guru MarkZ [via PDK] News was exceptionally good overnight… The chatter out of Iraq is that they will be live on Thursday…their time.. so we have a lot of expectations for late afternoon, early morning for us...There has been a whole lot of movement that I can’t talk about...The CBI has just added Swiss for direct conversion on their site...this is huge….they are getting ready to join the big world. They have also added others like Poland...key allies for banking or trade has been added for direct conversions... [post 1 of 2....stay tuned]
4-24-2019 Newshound Guru MilitiaMan Article: "US agency: Baghdad Tehran to negotiate the purchase of natural gas in Iraqi dinars" It looks like the work in progress is heating up since late last year. Now that Iraq and Iran must make a deal in dinar to circumvent sanctions (possibly have made one)...I suspect the pressure in Iran is red hot to get a proper deal done with the neighbor and in a currency that has value or at least adjust as to not take a hit in trade value between Iraq, and so an appropriate deal can be utilized to alleviate disparity in exchange rates and to avoid sanctions by the rules in place per the USA...We shall see if Iran makes a proper deal to sweeten the pot or not for her citizens. My take is regardless, it is getting very hot...IMO
4-24-2019 Intel Guru Bruce [via PinkRoses] I think we are about to get some good news shortly. ...we had the impression we were going to get notified either last Saturday before the Resurrection Sunday or on Sunday itself...and it didn’t happen, but we do know some things that did happen and where we are kind of as a result of it...There were let’s call it Private exchanges...sort of like VIP exchanges done in various parts of the country, Thursday, Friday, and Saturday...These individuals were told that...their funds would be available today. ...Now, when it comes to exchanges that have occurred...It was...Dinar, Dong, and maybe some other currencies...I know that the rates they were seeing for that purpose were very strong. The Dinar was over $8.00. The Dong was not quite to $5.00...We are in a very good place, guys. I know that it has been a long ride...We are ready.
4-24-2019 Intel Guru Delta URGENT FROM IRAQI TV: US AGENCY...BAGHDAD NEGOTIATE TEHRAN TO BUY NATURAL GAS IN IRAQI DINARS...
4-23-2019 Newshound/Intel Guru Mnt Goat Article: "200 SAUDI BUSINESSMEN WERE ENTERING IRAQ WITH CAPITAL ESTIMATED AT MORE THAN 65 BILLION DOLLARS OVER COMING YEARS" Quote: "An agreement was signed" between the Iraqi National Investment Commission and the Saudi Investment Authority to develop a roadmap soon..." So the growth is slow but they still need the corruption gone or it will stifle any real growth in the long term.
4-23-2019 Intel Guru MarkZ [What should we take with us to the exchange apt?] I would take with me whatever you would take if you were to open up a bank account…or pick up a drivers license. ..its better to have too much and not need it then have to little and need it...I say take a drivers license, SS card, birth certificate,and a piece of mail addressed to you. This is my opinion.
4-23-2019 Newshound/Intel Guru Mnt Goat Article: "ACCORDING TO THE NATIONAL BANK OF VIETNAM, VIETNAM WILL ISSUE A NEW VERSION OF THE VIETNAMESE DONG ON JANUARY 1, 2015." Of course this did not happen. Why? This is another case where they need to rethink what they are doing. They do not want a bunch of new billionaires overnight. They must first “withdrawal” a certain % of the current larger notes out of circulation, the same process of the project to delete the zeros that Iraq is now going through. The only way to do that is to go electronic banking, just like Iraq did. This is now in the process... They plan to accomplish the conversion to electronic banking by 2020. So could this be a target? [post 2 of 2]
4-23-2019 Newshound/Intel Guru Mnt Goat There is lots of chatter about the Dong currency and whether it is planned to revalue. Remember Vietnam was considered on the “underdeveloped” country list of the IMF and so it is one of these countries they want to bring forward because it has great potential...The State Bank of Vietnam has been giving us signals for almost a decade now that they plan to get rid of 3 or up to 4 zeros from their Dong currency. So, we know something is up. But what we don’t know is just exactly how they plan to do it. [post 1 of 2....stay tuned]
4-23-2019 Intel Guru MarkZ [What should we take with us to the exchange apt?] I would take with me whatever you would take if you were to open up a bank account…or pick up a drivers license. ..its better to have too much and not need it then have to little and need it...I say take a drivers license, SS card, birth certificate,and a piece of mail addressed to you. This is my opinion.
4-23-2019 Newshound/Intel Guru Mnt Goat Article: "ACCORDING TO THE NATIONAL BANK OF VIETNAM, VIETNAM WILL ISSUE A NEW VERSION OF THE VIETNAMESE DONG ON JANUARY 1, 2015." Of course this did not happen. Why? This is another case where they need to rethink what they are doing. They do not want a bunch of new billionaires overnight. They must first “withdrawal” a certain % of the current larger notes out of circulation, the same process of the project to delete the zeros that Iraq is now going through. The only way to do that is to go electronic banking, just like Iraq did. This is now in the process... They plan to accomplish the conversion to electronic banking by 2020. So could this be a target? [post 2 of 2]
4-23-2019 Newshound/Intel Guru Mnt Goat There is lots of chatter about the Dong currency and whether it is planned to revalue. Remember Vietnam was considered on the “underdeveloped” country list of the IMF and so it is one of these countries they want to bring forward because it has great potential...The State Bank of Vietnam has been giving us signals for almost a decade now that they plan to get rid of 3 or up to 4 zeros from their Dong currency. So, we know something is up. But what we don’t know is just exactly how they plan to do it. [post 1 of 2....stay tuned]
4-22-2019 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENT WILL VOTE NEXT TWO WEEKS ON INDUSTRIAL CITIES LAW" Quote: "...this law is important and it is necessary to be resolved during this stage in order to provide the appropriate environment in the provinces for all industrial companies for the purpose of employment and activating the private sector, noting that the LAW EXEMPTS COMPANIES FROM FEES AND CUSTOMS." ...being exempt from fees and customs is part of what companies need to come in and invest in Iraq. So this is a good start. But there is also an investment law that needs revisions and to be passed also.
4-22-2019 Intel Guru MarkZ [Are your contacts big dogs or little pups?] My contacts are both...I like the little pups...but most of them are BIG DOGS. When this is done I hope to share their names and they will just blow you away. ...Quiet is sometimes just what the doctor ordered...I did hear things will roll out today and tomorrow...This afternoon is expected to bring a whole lot of big news. There was a tremendous amount of movement over the weekend. The question is what will we see later today? [...we are past the point of no return and it is looking to be a very busy week] This is very similar to what I heard as well...we are so very close… [post 2 of 2]
4-22-2019 Intel Guru MarkZ [via PDK] [...can we say that we are waiting 4 the release of Lower Denom's and will they be released today?] A fair amount of LD’s have already been released, …I am waiting for more news from Iraq...there is a whole lot to watch for... [Will the new rates show overnight or in the daytime?] That is what we were told for years…I believe with this new banking system it could be a daytime event...I would not be surprised to see rates change at any time...they have so much more transparency and control now… [post 1 of 2....stay tuned]
4-22-2019 Newshound Guru MilitiaMan They told us...that Iraq has the full resources from the Saudi Arabian Kingdom to further their progress in re construction and oil exploration in the Sahara. This supports they are waiting on an international rate to be exposed for them to be secure in that investors are taken care of in kind, imo. They want safe and secure, a level playing field if you will.
4-22-2019 Newshound/Intel Guru Mnt Goat The news today is mostly all about getting investors in Iraq. They know they need to kickstart their economy somehow but can’t just seem to be able to do it with any level of success. But the news today suggest maybe they might move ahead finally in the coming weeks and months. There are still no signs from the CBI of an urgent pending reinstatement of the dinar any time soon... Article: "POST OF GOVERNOR OF THE CENTRAL BANK OF IRAQ" Quote: "It is noteworthy that some sources said earlier, that the post of governor of the Central Bank will be a coalition led by Moqtada al-Sadr." I am seeing that Sadr is NOT pleased with the efforts of the CBI and still feels it is enormously corrupt and not doing all the necessary actions too deal with it. Sadr also wants currency reform and wants it NOW.
4-22-2019 Intel Guru MarkZ [Are your contacts big dogs or little pups?] My contacts are both...I like the little pups...but most of them are BIG DOGS. When this is done I hope to share their names and they will just blow you away. ...Quiet is sometimes just what the doctor ordered...I did hear things will roll out today and tomorrow...This afternoon is expected to bring a whole lot of big news. There was a tremendous amount of movement over the weekend. The question is what will we see later today? [...we are past the point of no return and it is looking to be a very busy week] This is very similar to what I heard as well...we are so very close… [post 2 of 2]
4-22-2019 Intel Guru MarkZ [via PDK] [...can we say that we are waiting 4 the release of Lower Denom's and will they be released today?] A fair amount of LD’s have already been released, …I am waiting for more news from Iraq...there is a whole lot to watch for... [Will the new rates show overnight or in the daytime?] That is what we were told for years…I believe with this new banking system it could be a daytime event...I would not be surprised to see rates change at any time...they have so much more transparency and control now… [post 1 of 2....stay tuned]
4-22-2019 Newshound Guru MilitiaMan They told us...that Iraq has the full resources from the Saudi Arabian Kingdom to further their progress in re construction and oil exploration in the Sahara. This supports they are waiting on an international rate to be exposed for them to be secure in that investors are taken care of in kind, imo. They want safe and secure, a level playing field if you will.
4-22-2019 Newshound/Intel Guru Mnt Goat The news today is mostly all about getting investors in Iraq. They know they need to kickstart their economy somehow but can’t just seem to be able to do it with any level of success. But the news today suggest maybe they might move ahead finally in the coming weeks and months. There are still no signs from the CBI of an urgent pending reinstatement of the dinar any time soon... Article: "POST OF GOVERNOR OF THE CENTRAL BANK OF IRAQ" Quote: "It is noteworthy that some sources said earlier, that the post of governor of the Central Bank will be a coalition led by Moqtada al-Sadr." I am seeing that Sadr is NOT pleased with the efforts of the CBI and still feels it is enormously corrupt and not doing all the necessary actions too deal with it. Sadr also wants currency reform and wants it NOW.
4-21-2019 Newshound Guru Kaperoni [Isn’t the present PM much more reluctant to do this?...] No I believe Mahdi is very pro reform. He once wrote article on the dinar appreciation years ago...maybe 2010ish.
4-21-2019 Newshound Guru MilitiaMan Yet today, the ITB forecasts mid May to be open and be operational for investors in and out of the Kingdom? Well, imo there is a possible logic for that. It is an Iraq Bank in a foreign brotherly land. Therefore, they will need to meet the needs of both brothers, imo. ...We also should know by now that investors that trade internationally and by the same international standards, typically trade in quality and not at "Sub Par". A program rate is by far, sub par. [post 2 of 2]
4-21-2019 Newshound Guru MilitiaMan Article: "The opening of the first Iraqi bank in Saudi Arabia and cooperation includes security and intelligence" It was a big day. We learned not only did the Citizens and even the Kurds get their pay on time electronically and through out the 04/08/2019 - 04/18/2019 time period, then the ITB did a ribbon cutting bank ceremony and were somewhat vague on when they would open branches once done bragging about it, just as the Rasheed Bank was vague as well. Why be vague? Smart move...Imo. [post 1 of 2....stay tuned]
4-21-2019 Intel Guru MarkZ [...if this RV is an International event, how could or "Why" would our own Government stop it?] It is indeed an international event…The Us is one of the 2 largest economies in the world…(with China) The US had fought it tooth and nail because we will no longer be the reserve currency of the world when this thing goes…Donald Trump is the very first president who fought to get this done...the last 2 adminstrations did not want this to happen... ...The new system will give the power back to the people.
4-21-2019 Newshound/Intel Guru Mnt Goat We wait for the CBI to make the next move and launch the other needed smaller categories. This is when we go to the bank. They will have to raise the RATE (of exchange). Note I did not say VALUE since we all should know the value is already in the Iraqi dinar. What we want is a reinstatement to the global currency exchanges and with this a justified new rate to coincide and to reflect with its current VALUE. [post 2 of 2]
4-21-2019 Newshound/Intel Guru Mnt Goat Iraq has been sucking in these large 3 zero notes “unofficially” when they went to electronic payment system. By means of not redistributing these 3 zero notes over and over again during payrolls, they essentially were able to collect nearly 2/3 of them and get them out of circulation. The remaining 1/3 the CBI says will remain in circulation and “coincide” with the newer smaller category notes. So far they are using three denominations of the lower categories 250, 500 and 1,000. [post 1 of 2....stay tuned]
4-21-2019 Newshound Guru MilitiaMan Yet today, the ITB forecasts mid May to be open and be operational for investors in and out of the Kingdom? Well, imo there is a possible logic for that. It is an Iraq Bank in a foreign brotherly land. Therefore, they will need to meet the needs of both brothers, imo. ...We also should know by now that investors that trade internationally and by the same international standards, typically trade in quality and not at "Sub Par". A program rate is by far, sub par. [post 2 of 2]
4-21-2019 Newshound Guru MilitiaMan Article: "The opening of the first Iraqi bank in Saudi Arabia and cooperation includes security and intelligence" It was a big day. We learned not only did the Citizens and even the Kurds get their pay on time electronically and through out the 04/08/2019 - 04/18/2019 time period, then the ITB did a ribbon cutting bank ceremony and were somewhat vague on when they would open branches once done bragging about it, just as the Rasheed Bank was vague as well. Why be vague? Smart move...Imo. [post 1 of 2....stay tuned]
4-21-2019 Intel Guru MarkZ [...if this RV is an International event, how could or "Why" would our own Government stop it?] It is indeed an international event…The Us is one of the 2 largest economies in the world…(with China) The US had fought it tooth and nail because we will no longer be the reserve currency of the world when this thing goes…Donald Trump is the very first president who fought to get this done...the last 2 adminstrations did not want this to happen... ...The new system will give the power back to the people.
4-21-2019 Newshound/Intel Guru Mnt Goat We wait for the CBI to make the next move and launch the other needed smaller categories. This is when we go to the bank. They will have to raise the RATE (of exchange). Note I did not say VALUE since we all should know the value is already in the Iraqi dinar. What we want is a reinstatement to the global currency exchanges and with this a justified new rate to coincide and to reflect with its current VALUE. [post 2 of 2]
4-21-2019 Newshound/Intel Guru Mnt Goat Iraq has been sucking in these large 3 zero notes “unofficially” when they went to electronic payment system. By means of not redistributing these 3 zero notes over and over again during payrolls, they essentially were able to collect nearly 2/3 of them and get them out of circulation. The remaining 1/3 the CBI says will remain in circulation and “coincide” with the newer smaller category notes. So far they are using three denominations of the lower categories 250, 500 and 1,000. [post 1 of 2....stay tuned]
4-20-2019 Intel Guru Delta Article: "The opening of the first Iraqi bank in Saudi Arabia and cooperation includes security and intelligence" VERY HUGE...NO WAY JOSE WITH OUT ARTICLE VIII...
4-20-2019 Newshound Guru chattels There is no transparency in Iraq or about any revaluation of it's currency. If the dinar is to have any sudden increase in value then we will not be told in advance and no one reading the news will be able to reliably anticipate such, IMO.
4-20-2019 Newshound Guru larrykn Boy with all these articles coming out about stability I see Iraq moving again in the right direction. I see a lot more they need to get done but they are moving in the right direction. I think once they feel they are comfortable with were they are at, then they will do it...no time lines just when. I would like to see the banking improve, stability improve,, the government improve , investment coming in. these are a few of what I like to see happen.
4-20-2019 Newshound Guru Adam Montana The two largest borders are Iran and Saudi Arabia. Both countries present opportunities for oil delivery... in order to sell their oil, they must deliver it. In order to deliver the oil, it must get to the sea, unless they are to limit their market to the 6 countries that border them... and why would other oil rich countries pay a premium to Iraq? They would not, and will not. So it's in Iraq's best interest to have great relationships with it's neighbors, and it's important that the global market approves of these relationships. Iran and Syria are questionable allies...but Saudi Arabia is a solid partner. This is why I'm excited to see Iraq buddying up with Saudi Arabia, and it's even more exciting that it's not exactly clear what Saudi Arabia has to benefit at this time. I think we all know, or can use our imaginations. ...Saudi Arabia has a longstanding position of “middle”...not anti-Iraq, but not the opposite either. Why, now, are they opening their arms? Maybe someone is expecting a change, and they want pole position. [post 2 of 2]
4-20-2019 Newshound Guru Adam Montana ...one quick clarification - earlier this week I said PM Abadi was in Saudi Arabia on business. Obviously this was a mistake, as the current Prime Minister of Iraq is no longer Abadi. Nonetheless! The actual PM of Iraq, Abdul Mahdi, was indeed in Saudi Arabia - and the resulting news is a bit of a present, if you ask me. As I was getting ready to post this, a perfect article was posted. The focus is heavily on Iraq, the benefits to Iraq, and not much else. In what world is that a deal we expect to see from the Saudis... are they suddenly charitable people operating for the sole purpose of World Peace and charity? I don't think so. Therefore, the equalization simply isn't being mentioned. Article: "Historical agreements between Iraq and Saudi Arabia" ...Saudi Arabia is important to Iraq. ...Iraq has 3 major countries that border it, and only one actual connection to water. Aside from that small bit of beach...Iraq is landlocked. [post 1 of 2....stay tuned]
4-20-2019 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank of Iraq (CBE) launched a branch of the Basra branch on Thursday to develop a window from the issue division to provide small groups of 250, 500 and 1,000 dinars." This is really the only article worth showing today of any real value to us as investors. So we know that these other smaller category notes such as 25, 50, 100 etc.. are not NOT yet launched. ...They are NOT yet out. ...this article is proof enough that the only smaller categories out are still these 250, 500 and 1000 notes.
4-20-2019 Newshound Guru chattels There is no transparency in Iraq or about any revaluation of it's currency. If the dinar is to have any sudden increase in value then we will not be told in advance and no one reading the news will be able to reliably anticipate such, IMO.
4-20-2019 Newshound Guru larrykn Boy with all these articles coming out about stability I see Iraq moving again in the right direction. I see a lot more they need to get done but they are moving in the right direction. I think once they feel they are comfortable with were they are at, then they will do it...no time lines just when. I would like to see the banking improve, stability improve,, the government improve , investment coming in. these are a few of what I like to see happen.
4-20-2019 Newshound Guru Adam Montana The two largest borders are Iran and Saudi Arabia. Both countries present opportunities for oil delivery... in order to sell their oil, they must deliver it. In order to deliver the oil, it must get to the sea, unless they are to limit their market to the 6 countries that border them... and why would other oil rich countries pay a premium to Iraq? They would not, and will not. So it's in Iraq's best interest to have great relationships with it's neighbors, and it's important that the global market approves of these relationships. Iran and Syria are questionable allies...but Saudi Arabia is a solid partner. This is why I'm excited to see Iraq buddying up with Saudi Arabia, and it's even more exciting that it's not exactly clear what Saudi Arabia has to benefit at this time. I think we all know, or can use our imaginations. ...Saudi Arabia has a longstanding position of “middle”...not anti-Iraq, but not the opposite either. Why, now, are they opening their arms? Maybe someone is expecting a change, and they want pole position. [post 2 of 2]
4-20-2019 Newshound Guru Adam Montana ...one quick clarification - earlier this week I said PM Abadi was in Saudi Arabia on business. Obviously this was a mistake, as the current Prime Minister of Iraq is no longer Abadi. Nonetheless! The actual PM of Iraq, Abdul Mahdi, was indeed in Saudi Arabia - and the resulting news is a bit of a present, if you ask me. As I was getting ready to post this, a perfect article was posted. The focus is heavily on Iraq, the benefits to Iraq, and not much else. In what world is that a deal we expect to see from the Saudis... are they suddenly charitable people operating for the sole purpose of World Peace and charity? I don't think so. Therefore, the equalization simply isn't being mentioned. Article: "Historical agreements between Iraq and Saudi Arabia" ...Saudi Arabia is important to Iraq. ...Iraq has 3 major countries that border it, and only one actual connection to water. Aside from that small bit of beach...Iraq is landlocked. [post 1 of 2....stay tuned]
4-20-2019 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank of Iraq (CBE) launched a branch of the Basra branch on Thursday to develop a window from the issue division to provide small groups of 250, 500 and 1,000 dinars." This is really the only article worth showing today of any real value to us as investors. So we know that these other smaller category notes such as 25, 50, 100 etc.. are not NOT yet launched. ...They are NOT yet out. ...this article is proof enough that the only smaller categories out are still these 250, 500 and 1000 notes.
4-19-2019 Intel Guru MarkZ ...i am terrified to give out solid carved in stone, cast in iron dates...but I am feeling confident that we are finally going to have it. I am being told all rates are being held until Monday morning to go on the screen…they do not want anyone to have a jump start on the values being shown. This came from someone within the bank...who should know. They are showing a “lock” on them …no more fluctuations...everything is set...it appears Easter weekend is our weekend... [post 2 of 2]
4-19-2019 Intel Guru MarkZ ...it appears we are passed the point of no return and we will have it by Monday Morning...is what I have been told...we really are in a different position then we ever have been before. ...a number of smaller coins and notes hit the street in Iraq this week... I have a friend over there and they have seen coins and lower denominations in the streets this week...this gives us a very good indication they are prepared for it. [post 1 of 2....stay tuned]
4-19-2019 Newshound/Intel Guru BGG Article: "Central Bank Basra branch introduces a window to provide small cash categories" Quote: "The head of the Central Bank of Iraq Branch of Basra...said that in view of the small groups of the Iraqi currency traded in the markets, the Iraqi Central Bank branch in Basra sought to provide these quantities for the purpose of facilitating the deal between a single trader And the citizen. He stressed that the provision of cash from all groups will facilitate the sale and purchase between citizens and owners of shops." The ONLY news that matters today!!
4-19-2019 Intel Guru Bruce ...Now, we had heard on Wednesday...that we had a really good shot of going today or tomorrow... they wanted this to go prior to Resurrection Sunday. I think and this is my opinion, I believe that we will see something prior to this Sunday. Now, that is my opinion at this point based on all this evidence and information I got and received. I feel good about that. [post 2 of 2]
4-19-2019 Intel Guru Bruce [via PinkRoses] ...let’s start where Iraq is. Iraq...is involved in their all new banking system...the representative from Iraq Finance Minister being here in the United States to put together deals with Master Card and Visa for the country. We know that a few days ago the public in Iraq was paid at the new rate for the Dinar on their Qi cards, and we know the rate was over $5.00 in country. Now, I believe our rate here in the United States even though have it today on the screen, I do believe it is going to be specifically higher. [post 1 of 2....stay tuned]
4-19-2019 Newshound Guru MilitiaMan Article: "In Saudi Arabia ...The Iraqi Trade Bank opens its first branch abroad" Tell me this is not getting good! We see them open the ITB at a ribbon cutting ceremony and now the Heavy comes out and tells us the SA is putting up all there resources to help Iraq. Then we see them talk about small categories to revive the Economy.. Wow! ~ This is show time on a thursday playing out just like desert...imo.
4-19-2019 Newshound Guru Adam Montana ...on the list of items "coming up soon" is Ramadan. This is a big part of the timing... we're either going to see an RV before Ramadan, or after Ramadan. I've maintained for years that no RV will happen during Ramadan, and that hasn't changed. Ramadan comes early this time around - May 5 to June 4, according to google. Show me HCL news in the next week and I think we're looking at a big surprise...
4-19-2019 Intel Guru MarkZ [...is the "HCL" the HOLD UP? Iraqi PM is in Saudia Arabia. Is that an "OIL" deal about to happen and push the "HCL" INTO PLACE?] I believe it is… I was told from contacts in Iraq that this move to raise the price of oil was necessary so they could afford to RV.
4-19-2019 Intel Guru MarkZ ...it appears we are passed the point of no return and we will have it by Monday Morning...is what I have been told...we really are in a different position then we ever have been before. ...a number of smaller coins and notes hit the street in Iraq this week... I have a friend over there and they have seen coins and lower denominations in the streets this week...this gives us a very good indication they are prepared for it. [post 1 of 2....stay tuned]
4-19-2019 Newshound/Intel Guru BGG Article: "Central Bank Basra branch introduces a window to provide small cash categories" Quote: "The head of the Central Bank of Iraq Branch of Basra...said that in view of the small groups of the Iraqi currency traded in the markets, the Iraqi Central Bank branch in Basra sought to provide these quantities for the purpose of facilitating the deal between a single trader And the citizen. He stressed that the provision of cash from all groups will facilitate the sale and purchase between citizens and owners of shops." The ONLY news that matters today!!
4-19-2019 Intel Guru Bruce ...Now, we had heard on Wednesday...that we had a really good shot of going today or tomorrow... they wanted this to go prior to Resurrection Sunday. I think and this is my opinion, I believe that we will see something prior to this Sunday. Now, that is my opinion at this point based on all this evidence and information I got and received. I feel good about that. [post 2 of 2]
4-19-2019 Intel Guru Bruce [via PinkRoses] ...let’s start where Iraq is. Iraq...is involved in their all new banking system...the representative from Iraq Finance Minister being here in the United States to put together deals with Master Card and Visa for the country. We know that a few days ago the public in Iraq was paid at the new rate for the Dinar on their Qi cards, and we know the rate was over $5.00 in country. Now, I believe our rate here in the United States even though have it today on the screen, I do believe it is going to be specifically higher. [post 1 of 2....stay tuned]
4-19-2019 Newshound Guru MilitiaMan Article: "In Saudi Arabia ...The Iraqi Trade Bank opens its first branch abroad" Tell me this is not getting good! We see them open the ITB at a ribbon cutting ceremony and now the Heavy comes out and tells us the SA is putting up all there resources to help Iraq. Then we see them talk about small categories to revive the Economy.. Wow! ~ This is show time on a thursday playing out just like desert...imo.
4-19-2019 Newshound Guru Adam Montana ...on the list of items "coming up soon" is Ramadan. This is a big part of the timing... we're either going to see an RV before Ramadan, or after Ramadan. I've maintained for years that no RV will happen during Ramadan, and that hasn't changed. Ramadan comes early this time around - May 5 to June 4, according to google. Show me HCL news in the next week and I think we're looking at a big surprise...
4-19-2019 Intel Guru MarkZ [...is the "HCL" the HOLD UP? Iraqi PM is in Saudia Arabia. Is that an "OIL" deal about to happen and push the "HCL" INTO PLACE?] I believe it is… I was told from contacts in Iraq that this move to raise the price of oil was necessary so they could afford to RV.
4-18-2019 Intel Guru Frank26 SO NOW THE ASSOCIATION OF IRAQI PRIVATE BANKS ALSO COMES OUT AND SAYS TODAY THAT THEY HAVE (PAST TENSE) SET RECORD NUMBERS OF DEPOSITORS WITHIN ALL THE PRIVATE BANKS OF THE CBI. ...A "WINDOW"...A MECHANISM...IS ABOUT TO BE OPENED AT THESE PRIVATE BANKS SO THAT THE CITIZENS CAN GET THE CONTINUING EDUCATION OF THE LD'S THAT ARE BEING REPLACED DUE TO THEIR WEAR AND TEAR AND WHICH WILL COEXIST WITH THE NEW SMALL CATEGORY NOTES. ...THEY GIVE YOU THE REASONS FOR THE RI WITH VALUE FOR THE IQD. [post 2 of 2]
4-18-2019 Intel Guru Frank26 Articles: "A record rise in deposits in Iraq" "Central Bank Basra branch introduces a window to provide small cash categories" IT WAS OVER A YEAR AGO THAT WS [Guru Walkingstick] AND I EXPRESSED THAT A SECOND AND FINAL ARTICLE WOULD BE COMING TO THE CITIZENS OF IRAQ EXPLAINING IN DETAIL STEP BY STEP WHAT THEY NEEDED TO KNOW AND UNDERSTAND ABOUT THE NEW SMALL CATEGORY NOTES THAT THE CBI WAS ABOUT TO INTRODUCE ALONG WITH FOUR COINS. ...GUESS WHAT...I TOLD YOU SO! [post 1 of 2....stay tuned]
4-18-2019 Newshound Guru MilitiaMan Article: "Central Bank Basra branch introduces a window to provide small cash categories" Quote: "The Central Bank of Iraq (CBE) launched a branch of the Basra branch on Thursday to develop a window from the issue division to provide small groups of 250, 500 and 1,000 dinars." Smalls are available! holy smokes... 250, 500, 1,000s are lower denominations not small categories... It appears to me they are saying they have all groups, and in my opinion that means small categories as well. The article told us about new products. Well all groups will be about new products. As in small category ones. Mahdi and the CBI told us they are going raise the exchange rate.. Well they will need the new products to do so. This tells us they have all groups! imo...
4-18-2019 Intel Guru MarkZ Not a whole lot of movement last night...we were in a holding pattern...There are a number of whales that have exchange apts set up for tomorrow afternoon... From my contact at the Treasury...they believe out the door by Sunday...the CBI contractor contact had to reconfigure rates for employees earlier this week...we are really keeping an eye on that and open communication. ...I am not hearing there is any holdup…I am hearing that everything is planned and they want the reset done prior to the release of funds Easter Sunday.
4-18-2019 Newshound/Intel Guru Mnt Goat Article: "MINISTRY OF INDUSTRY AND MINERALS CALLS ON GOVT TO STOP SELLING THE DOLLAR AT THE CENTRAL BANK AUCTION" This is the first time recently that anyone from Iraq has come out and spoken to STOP the currency auctions. ...just like we have been saying all along this is prohibiting the take off of industry and the economy. It is also lessening the reserve amount. In another article today we see the CBI reserves are only $62 billion. This is not far from the amount told to us last Oct 2018. We can do the math ourselves and see that the reserves should be at least $70-80 by now. I am saying this going back to Dr Shabibi times at the rate the reserves used to grow from oil revenues. Strong CBI reserves means a strong dinar.
4-18-2019 Newshound Guru Adam Montana Iran and Iraq are friendlier than I like, but that's an emotional opinion rather than a business one. Iran is in a geographical position to be beneficial to Iraq, and Iraq does have a large percentage of it's population that is sympathetic to Iran, so some buddying up is to be expected and will not prevent or delay a restructuring or revaluing of their currency. Iran is handicapped by sanctions at the moment, so they are of less help than they would be otherwise. Saudi Arabia, on the other hand, is not crippled at all. They are powerful, in good graces on many accounts, and are getting friendlier with Iraq than they have in the past. Since Iran is not the most capable ally to Iraq, does it surprise anyone that PM Abadi is in Saudi Arabia today...discussing trade, policy, and OIL? Abadi is currently on day 1 of a 2 day visit. I am crossing my fingers for some solid progress as a result of the things I've just mentioned. I think we're going to see HCL news quicker than they are letting on. [post 2 of 2]
4-18-2019 Intel Guru Frank26 Articles: "A record rise in deposits in Iraq" "Central Bank Basra branch introduces a window to provide small cash categories" IT WAS OVER A YEAR AGO THAT WS [Guru Walkingstick] AND I EXPRESSED THAT A SECOND AND FINAL ARTICLE WOULD BE COMING TO THE CITIZENS OF IRAQ EXPLAINING IN DETAIL STEP BY STEP WHAT THEY NEEDED TO KNOW AND UNDERSTAND ABOUT THE NEW SMALL CATEGORY NOTES THAT THE CBI WAS ABOUT TO INTRODUCE ALONG WITH FOUR COINS. ...GUESS WHAT...I TOLD YOU SO! [post 1 of 2....stay tuned]
4-18-2019 Newshound Guru MilitiaMan Article: "Central Bank Basra branch introduces a window to provide small cash categories" Quote: "The Central Bank of Iraq (CBE) launched a branch of the Basra branch on Thursday to develop a window from the issue division to provide small groups of 250, 500 and 1,000 dinars." Smalls are available! holy smokes... 250, 500, 1,000s are lower denominations not small categories... It appears to me they are saying they have all groups, and in my opinion that means small categories as well. The article told us about new products. Well all groups will be about new products. As in small category ones. Mahdi and the CBI told us they are going raise the exchange rate.. Well they will need the new products to do so. This tells us they have all groups! imo...
4-18-2019 Intel Guru MarkZ Not a whole lot of movement last night...we were in a holding pattern...There are a number of whales that have exchange apts set up for tomorrow afternoon... From my contact at the Treasury...they believe out the door by Sunday...the CBI contractor contact had to reconfigure rates for employees earlier this week...we are really keeping an eye on that and open communication. ...I am not hearing there is any holdup…I am hearing that everything is planned and they want the reset done prior to the release of funds Easter Sunday.
4-18-2019 Newshound/Intel Guru Mnt Goat Article: "MINISTRY OF INDUSTRY AND MINERALS CALLS ON GOVT TO STOP SELLING THE DOLLAR AT THE CENTRAL BANK AUCTION" This is the first time recently that anyone from Iraq has come out and spoken to STOP the currency auctions. ...just like we have been saying all along this is prohibiting the take off of industry and the economy. It is also lessening the reserve amount. In another article today we see the CBI reserves are only $62 billion. This is not far from the amount told to us last Oct 2018. We can do the math ourselves and see that the reserves should be at least $70-80 by now. I am saying this going back to Dr Shabibi times at the rate the reserves used to grow from oil revenues. Strong CBI reserves means a strong dinar.
4-18-2019 Newshound Guru Adam Montana Iran and Iraq are friendlier than I like, but that's an emotional opinion rather than a business one. Iran is in a geographical position to be beneficial to Iraq, and Iraq does have a large percentage of it's population that is sympathetic to Iran, so some buddying up is to be expected and will not prevent or delay a restructuring or revaluing of their currency. Iran is handicapped by sanctions at the moment, so they are of less help than they would be otherwise. Saudi Arabia, on the other hand, is not crippled at all. They are powerful, in good graces on many accounts, and are getting friendlier with Iraq than they have in the past. Since Iran is not the most capable ally to Iraq, does it surprise anyone that PM Abadi is in Saudi Arabia today...discussing trade, policy, and OIL? Abadi is currently on day 1 of a 2 day visit. I am crossing my fingers for some solid progress as a result of the things I've just mentioned. I think we're going to see HCL news quicker than they are letting on. [post 2 of 2]
4-17-2019 Newshound Guru Adam Montana There was a bit of suspense regarding Iraqi Parliamentary activity today. The Financial Management aspect was pushed off, but I don't see that as a major factor. The other 5 matters were attended to, from what we can tell...5 out of 6 is a huge improvement over what we used to see out of Parliament! This is just another testament to the progress Iraq has made and continues to make. Oil...I know I don't have to harp on this, but oil is a big deal and Iraq is focused heavily. In fact, OIL wasn't even officially on the agenda for today's Parliament votes, yet it was still a heavy matter of discussion. I'm reading into that part. It wasn't even on the official agenda, but it was a major point of discussion. The goal, as stated by all reports, is to get affairs in order quickly. That makes sense to me, and I'm keeping a keen eye on things. To add to that thought, let's consider the current global situations of two other countries that are relevant to Iraq's progression: Iran and Saudi Arabia... [post 1of 2....stay tuned]
4-17-2019 Intel Guru MarkZ My contractor friends in Iraq who are working on the power grid, and whenever this thing gets close they bring them in and update contracts and readjust rates on Qi cards ...well, a number of times over the last few weeks this has happened. There is no changed rate yet…..but in Iraq they are anticipating it. [There is a perfect window coming tomorrow, markets close at noon tomorrow till Monday, banks stay open.] This would be a golden time to pull this off! I am still hearing from all sources that they want it done before Easter...There is a mad dash to get it out the door is what I am being told..
4-17-2019 Intel Guru RayRen98 We received information that the contractors were paid and it was under the new rates. More lower denoms are trickling out on the street and that the new rates are set. Time Will Tell.
4-17-2019 Intel Guru Bruce ...we know that the rates are, I don’t like the word locked and loaded on the screens...I think there is still some flexibility on the rates, but they are on there...rates are going to be good...Also, we are hearing that it is all going down before Easter...I am excited. [post 2
of 2]
4-17-2019 Intel Guru Bruce Iraq has some legislation that was passed and is going to be enacted tomorrow [Wednesday]... That is a new series of banking laws. The new banking legislation is going into effect tomorrow [Wednesday] ...we are hearing that should be some what of a kick off for everything. ...We had the Finance Minister from Iraq here in the United States I believe over the weekend. They did put some deals together with Master Card and Visa. I think that is important. That is really good. [post 1 of 2....stay tuned]
4-17-2019 Intel Guru Frank26 [via Clare] IS THERE A NEED FOR SOMETHING ELSE?...NO.
4-17-2019 Newshound Guru Kaperoni ...The government needs to...make significant strides towards stopping bribes, payoffs, money laundering and theft. CBI still as far as I know has not implemented Deposit Insurance. The safeguard is an absolute must for investors to bring their money to Iraq. And lastly I believe the CBI needs to accept the conditions of IMF Article VIII to allow freedom of movement of capital. In other words allow investors to get their profits out. These are not all mandatory but are significant enough to stop investors from bringing their capital to Iraq. And after all what we're looking for is significant investment capital to begin to create a private sector. [Post 2 of 2]
4-17-2019 Newshound/Intel Guru Walkingstick [via Clare] THERE IS NOTHING FROM STOPPING IRAQ FROM ADDING VALUE TO THEIR CURRENCY. EACH WEEK THEY ARE PREPARED TO RAISE THE VALUE OF THEIR CURRENCY...EACH WEEK THEY ADD FUEL TO THE FIRE."
4-17-2019 Intel Guru MarkZ My contractor friends in Iraq who are working on the power grid, and whenever this thing gets close they bring them in and update contracts and readjust rates on Qi cards ...well, a number of times over the last few weeks this has happened. There is no changed rate yet…..but in Iraq they are anticipating it. [There is a perfect window coming tomorrow, markets close at noon tomorrow till Monday, banks stay open.] This would be a golden time to pull this off! I am still hearing from all sources that they want it done before Easter...There is a mad dash to get it out the door is what I am being told..
4-17-2019 Intel Guru RayRen98 We received information that the contractors were paid and it was under the new rates. More lower denoms are trickling out on the street and that the new rates are set. Time Will Tell.
4-17-2019 Intel Guru Bruce ...we know that the rates are, I don’t like the word locked and loaded on the screens...I think there is still some flexibility on the rates, but they are on there...rates are going to be good...Also, we are hearing that it is all going down before Easter...I am excited. [post 2
of 2]
4-17-2019 Intel Guru Bruce Iraq has some legislation that was passed and is going to be enacted tomorrow [Wednesday]... That is a new series of banking laws. The new banking legislation is going into effect tomorrow [Wednesday] ...we are hearing that should be some what of a kick off for everything. ...We had the Finance Minister from Iraq here in the United States I believe over the weekend. They did put some deals together with Master Card and Visa. I think that is important. That is really good. [post 1 of 2....stay tuned]
4-17-2019 Intel Guru Frank26 [via Clare] IS THERE A NEED FOR SOMETHING ELSE?...NO.
4-17-2019 Newshound Guru Kaperoni ...The government needs to...make significant strides towards stopping bribes, payoffs, money laundering and theft. CBI still as far as I know has not implemented Deposit Insurance. The safeguard is an absolute must for investors to bring their money to Iraq. And lastly I believe the CBI needs to accept the conditions of IMF Article VIII to allow freedom of movement of capital. In other words allow investors to get their profits out. These are not all mandatory but are significant enough to stop investors from bringing their capital to Iraq. And after all what we're looking for is significant investment capital to begin to create a private sector. [Post 2 of 2]
4-17-2019 Newshound/Intel Guru Walkingstick [via Clare] THERE IS NOTHING FROM STOPPING IRAQ FROM ADDING VALUE TO THEIR CURRENCY. EACH WEEK THEY ARE PREPARED TO RAISE THE VALUE OF THEIR CURRENCY...EACH WEEK THEY ADD FUEL TO THE FIRE."
4-16-2019 Newshound Guru Chattels Article "Iraq's central bank announced on Tuesday that Iraq's foreign currency reserves rose to $ 62 billion. "The bank's foreign exchange reserve rose from $ 40 billion to $ 62 billion," said Central Bank of Payments director general Doha Abdul Karim. "The central bank has managed to control the level of inflation and maintain prices and maintain the purchasing power of the national currency, and adjust the exchange rate and close the gap." The Iraqi Central Bank, on July 12, 2018, that Iraq's foreign currency reserves amounted to 55.7 billion dollars, noting that Iraq has 89 tons of gold."
4-16-2019 Intel Guru MarkZ ...It’s going to be a good week…I feel very positive...All kinds of stuff shaking loose right now...I’m looking for an action packed week...and if I am hearing all this good news from Reno and DC and New York...I am sure you will read that others...are also hearing this news...After some back and forth with my BIS contacts…...they are expecting things to happen today...we are looking for a whole lot of news for completion this week...I was afraid to share this...after all the negative emails I have been getting ...So I am double and triple checking to make sure my info is correct before putting out...Dinar 4.50 street rate.. low 2's on dong...and Dinar in US may be $2 to $3 more...
4-16-2019 Newshound Guru Kaperoni Most people that follow me know what we're waiting on before will start to see any activity as far as the currency rising in value. But for those that don't know I'll recap a few of them...It is a must that they finish filling the final three or four ministers that are missing in the new government. Parliament needs to start passing some laws. These laws will make it more appealing for investors to come to Iraq. There are several still outstanding. Stability still needs to improve in some areas mostly outlining areas where construction will take place. [Post 1 of 2]
4-16-2019 Newshound Guru MilitiaMan Article: "The stock market continues its high rise" Quote: "The number of shares traded 1,1 billion shares valued at 820.5 million dinars" The volume has been increasing since ealier last week. A good sign confidence is gaining traction...imo A good thing!
4-16-2019 Newshound Guru Kaperoni The dinar can never RV...The dinar will float, and will rise gradually over time as investment come to Iraq...not overnight. Be patient. ...several good banking articles today including one from the IMF talking about the agreement they have with Iraq to diversify their economy...exactly what we been saying for years.
4-16-2019 Intel Guru MarkZ ...It’s going to be a good week…I feel very positive...All kinds of stuff shaking loose right now...I’m looking for an action packed week...and if I am hearing all this good news from Reno and DC and New York...I am sure you will read that others...are also hearing this news...After some back and forth with my BIS contacts…...they are expecting things to happen today...we are looking for a whole lot of news for completion this week...I was afraid to share this...after all the negative emails I have been getting ...So I am double and triple checking to make sure my info is correct before putting out...Dinar 4.50 street rate.. low 2's on dong...and Dinar in US may be $2 to $3 more...
4-16-2019 Newshound Guru Kaperoni Most people that follow me know what we're waiting on before will start to see any activity as far as the currency rising in value. But for those that don't know I'll recap a few of them...It is a must that they finish filling the final three or four ministers that are missing in the new government. Parliament needs to start passing some laws. These laws will make it more appealing for investors to come to Iraq. There are several still outstanding. Stability still needs to improve in some areas mostly outlining areas where construction will take place. [Post 1 of 2]
4-16-2019 Newshound Guru MilitiaMan Article: "The stock market continues its high rise" Quote: "The number of shares traded 1,1 billion shares valued at 820.5 million dinars" The volume has been increasing since ealier last week. A good sign confidence is gaining traction...imo A good thing!
4-16-2019 Newshound Guru Kaperoni The dinar can never RV...The dinar will float, and will rise gradually over time as investment come to Iraq...not overnight. Be patient. ...several good banking articles today including one from the IMF talking about the agreement they have with Iraq to diversify their economy...exactly what we been saying for years.
4-15-2019 Newshound Guru Sunkissed This is a very BIG article when you break it down. For us:
1. settlement of salaries of employees in the public and private sectors
2. integration of Iraq in the global economy
3. increasing geographical spread of banks
4. electronic payment and their impact in attracting the mass of cash
5. and the launch of deposit insurance
Why would they need these mechanisms AT A PROGRAM RATE? They wouldn't!! I love this article!! [post 2 of 2]
4-15-2019 Newshound Guru Sunkissed Article: "76.89 trillion dinars value of deposits in commercial banks" WOW!!!...HUGE HUGE statement: "...in addition to Iraq rid of the financial crisis that hit in 2014" They are saying here that they have overcome their financial crisis!! AND the private sector deposits EXCEEDED the government deposits -- looks like the mattresses are getting leaner! And furthermore: "the relationship between the citizen and the banking sector is witnessing a significant improvement" The Iraqi's are TRUSTING their banks! WOWOWOWOWOW! Think about the significance of this for a minute: Would you trust your bank if every. single. dictator. that you have ever had, has stolen your money and gold from your accounts? The CBI and Banks have accomplished GREAT strides for sure!! [post 1 of 2....stay tuned]
4-15-2019 Intel Guru MarkZ [via PDK] [Are we there yet?] No not yet. I heard there was a few last things to wrap up... as of this am we went back to an any minute scenario...Expectations are high but the timing is frustrating. Nothing out of Iraq yet this morning...Oil prices going up is probably great for us...just manage expectations on rates...it has to make financial sense... ...I suspect the street rate on the Dinar will be...about $4.50...on the dong- I suspect it will be about $2.25... [How long can they keep the rates locked?] I was told would be good for 10 days..so there is about 7 days left yet on locked rates...I am looking for movement damn quick... Banks and my contacts there are still saying this week...I do not think we have to wait for the weekend...I hope to have more news late this afternoon.
4-15-2019 Newshound Guru Whitelions Iraq assures the International Monetary Fund (IMF) that it is adopting a new policy to diversify its sources of income.
4-15-2019 Newshound/Intel Guru Mnt Goat ...it is the Central Bank of Iraq that is responsible for the reinstatement of the Iraqi dinar not US banks. ...There is absolutely NOTHING coming from the CBI or within Iraq that can lend us to believe this is going to happen sooner than later. We are on track for early 2020 at best.
4-15-2019 Newshound Guru Don961 Article: "Agenda of the session No. (10) Monday, 15 April 2019" Quote: "First: Vote on the draft law amending the law of the recovery of Iraq’s money No. (9) for 2012... Second: Vote on the draft law amending the Companies Law No. (21) of 1997. (Committee on Economy and Investment, Committee on Culture, Information, Tourism and Antiquities)." 2 economic votes Monday... big vote coming Wednesday...imo.
1. settlement of salaries of employees in the public and private sectors
2. integration of Iraq in the global economy
3. increasing geographical spread of banks
4. electronic payment and their impact in attracting the mass of cash
5. and the launch of deposit insurance
Why would they need these mechanisms AT A PROGRAM RATE? They wouldn't!! I love this article!! [post 2 of 2]
4-15-2019 Newshound Guru Sunkissed Article: "76.89 trillion dinars value of deposits in commercial banks" WOW!!!...HUGE HUGE statement: "...in addition to Iraq rid of the financial crisis that hit in 2014" They are saying here that they have overcome their financial crisis!! AND the private sector deposits EXCEEDED the government deposits -- looks like the mattresses are getting leaner! And furthermore: "the relationship between the citizen and the banking sector is witnessing a significant improvement" The Iraqi's are TRUSTING their banks! WOWOWOWOWOW! Think about the significance of this for a minute: Would you trust your bank if every. single. dictator. that you have ever had, has stolen your money and gold from your accounts? The CBI and Banks have accomplished GREAT strides for sure!! [post 1 of 2....stay tuned]
4-15-2019 Intel Guru MarkZ [via PDK] [Are we there yet?] No not yet. I heard there was a few last things to wrap up... as of this am we went back to an any minute scenario...Expectations are high but the timing is frustrating. Nothing out of Iraq yet this morning...Oil prices going up is probably great for us...just manage expectations on rates...it has to make financial sense... ...I suspect the street rate on the Dinar will be...about $4.50...on the dong- I suspect it will be about $2.25... [How long can they keep the rates locked?] I was told would be good for 10 days..so there is about 7 days left yet on locked rates...I am looking for movement damn quick... Banks and my contacts there are still saying this week...I do not think we have to wait for the weekend...I hope to have more news late this afternoon.
4-15-2019 Newshound Guru Whitelions Iraq assures the International Monetary Fund (IMF) that it is adopting a new policy to diversify its sources of income.
4-15-2019 Newshound/Intel Guru Mnt Goat ...it is the Central Bank of Iraq that is responsible for the reinstatement of the Iraqi dinar not US banks. ...There is absolutely NOTHING coming from the CBI or within Iraq that can lend us to believe this is going to happen sooner than later. We are on track for early 2020 at best.
4-15-2019 Newshound Guru Don961 Article: "Agenda of the session No. (10) Monday, 15 April 2019" Quote: "First: Vote on the draft law amending the law of the recovery of Iraq’s money No. (9) for 2012... Second: Vote on the draft law amending the Companies Law No. (21) of 1997. (Committee on Economy and Investment, Committee on Culture, Information, Tourism and Antiquities)." 2 economic votes Monday... big vote coming Wednesday...imo.
4-14-2019 Newshound Guru MilitiaMan Article:
"Mohammed al-Halbusi to (Tigris): Washington is waiting for Iraq to rely on
itself on the economic side" ...we see that the USA is calling for Iraq
to rely on herself. Well to do that they'll need to rely on the new
strength that goes with internationalism. Internationalism is at a true rate
with hardy fundamentals, not a forced program rate from the past. Looks to
me they were told time is up. So, I would then think that
they are about to use the tools they have to finally do it.
4-14-2019 Newshound Guru Kaperoni ...If and when the dinar begins to rise it will be gradual via a float to counter pressure...created from investment...
4-14-2019 Newshound Guru Kaperoni ...If and when the dinar begins to rise it will be gradual via a float to counter pressure...created from investment...
4-13-2019 Intel Guru MarkZ I am told we are all done in Iraq...just waiting for the CBI to announce it...Ministers do not need to be announced in Iraq...[WHAT IS YOUR PERCENTAGE **NOW** ...FOR THE BANKS STILL ON MONDAY?] I am still saying 99.9%...We are so stinking close! [post 2 of 2]
4-13-2019 Intel Guru MarkZ I got one very excited call...he’s the attorney who helped set up my SKR…He said our funding is in place…CMKX in position... he said they can see the numbers... I am still excited but had been hoping we would be doing cartwheels already this morning... No holdup…just logistics as they position for release. [...they are doing testing today.] I am being told same thing...there is a lot of testing and a lot of pinging…there is a whole lot to watch today. [post 1 of 2....stay tuned]
4-13-2019 Intel Guru MarkZ [...did Trump have to sign off on the GCR/RV to make it start?] Trump has to sign off just for his portion…he is not the end all...but he had to do his part. We are not waiting on the other things at this point. [When do you think we will be at the bank?] I’m thinking you and me and everyone will be banking on Monday. Remember to say “exchanging” not “cashing in”. Also I feel you should make your appointments ASAP...Don’t wait…. We all hope tonight is the night... [Note: Speak with your tax attorney and financial advisors at the appropriate time.]
4-13-2019 Intel Guru MarkZ I got one very excited call...he’s the attorney who helped set up my SKR…He said our funding is in place…CMKX in position... he said they can see the numbers... I am still excited but had been hoping we would be doing cartwheels already this morning... No holdup…just logistics as they position for release. [...they are doing testing today.] I am being told same thing...there is a lot of testing and a lot of pinging…there is a whole lot to watch today. [post 1 of 2....stay tuned]
4-13-2019 Intel Guru MarkZ [...did Trump have to sign off on the GCR/RV to make it start?] Trump has to sign off just for his portion…he is not the end all...but he had to do his part. We are not waiting on the other things at this point. [When do you think we will be at the bank?] I’m thinking you and me and everyone will be banking on Monday. Remember to say “exchanging” not “cashing in”. Also I feel you should make your appointments ASAP...Don’t wait…. We all hope tonight is the night... [Note: Speak with your tax attorney and financial advisors at the appropriate time.]
4-12-2019 Newshound/Intel Guru Mnt Goat Article: "TUESDAY THE RELEASE OF THREE MONTHS OF SALARY OF THE FULL-TIME APPOINTMENT OF NON-RECIPIENTS IN THE PROVINCE OF BAGHDAD" Last week they released the funds for salaries in the Kurdistan region and this week in the Baghdad regional provinces. This all is occurring just as the CBI said they would do weeks ago. They are paying out in the program rate of 1180 not the RV rate...
4-12-2019 Newshound/Intel Guru Mnt Goat Article: "FINANCIAL INCLUSION WEEK WILL BE LAUNCHED 25TH OF THIS APRIL" Quote: “stimulating ENVIRONMENT FOR WITHDRAWING THE ACCUMULATED CASH MASS THROUGH THE PROVISION of various financial services”. The CBI needs to get these dinar notes from out of the homes still stashed and get them out of circulation and into the banks. This is part of the project to delete the zeros. Iraq does not want millions of millionaires. Just recently we read yet another article on this topic of these notes stashed in the homes and necessity to get them into the banks. So this makes twice recently on this topic.
4-12-2019 Intel Guru Bruce [via PinkRoses] The information that we are hearing is again very positive in the sense we are moving forward. Seeing things that are occurring that are indicating we are on the right track and we are almost ready to be notified... I believe the latest update I had from top bank sources is indicating the possibility of receiving notification let’s say around or by lunchtime Friday, tomorrow... that is when the games are pretty much over. ...I would just say the intention is to get this started for us this week... ...All the rates are on the screens. They are locked and ready to go. ...We will see what tomorrow [Friday] brings. I am very excited.
4-12-2019 Intel Guru MarkZ [did the whales exchange today (Thursday) as planned?] No …they did not…they got lots of guarantees and told to be "on call" starting tomorrow to definitely get them in this weekend. [When can we start exchanging dinar:] Based on long conversations with banks today a handful may be done this weekend with the bulk starting on Monday morning. [Are you feeling 100% yet?] I am 100% sure its about to happen…just not 100% sure on exact timing...no one is. [post 3 of 3]
4-12-2019 Intel Guru MarkZ [What rates are you hearing now?] This is a guess...what makes sense to me...$4.40 for a in country rate on the dinar... possibly as high as 6.50 in the US...this is only my opinion...I always thought Low 2$ to $2.30 range on the dong...Just my opinion and makes sense to me... [Hard to comprehend there is so much return on our currency for all the currency holders – wow] Yes it is tough to believe...but we see all the signs…a lot of movement with swift and AIB…. ...There is so much happening as we move toward the asset backed world. [post 2 of 3....stay tuned]
4-12-2019 Intel Guru MarkZ [via PDK] The news is phenomenal today...very exciting...they are putting our horses in the starting gate... The 800 numbers are fair game anywhere from Friday night to Sunday night... logistically It makes more sense for Sunday now. ...The rates locked in but not released yet for us... [can we expect numbers to change on the CBI when this goes?] I expect to see the rates on the CBI a day after this all goes…so they do not have to mess with time zones and leaks. ...The forex window closing on Friday evening to Sunday is what makes the most sense for things to happen at this point. I am absolutely convinced that we are past the point of no return... [post 1 of 3....stay tuned]
4-12-2019 Newshound/Intel Guru Mnt Goat Article: "FINANCIAL INCLUSION WEEK WILL BE LAUNCHED 25TH OF THIS APRIL" Quote: “stimulating ENVIRONMENT FOR WITHDRAWING THE ACCUMULATED CASH MASS THROUGH THE PROVISION of various financial services”. The CBI needs to get these dinar notes from out of the homes still stashed and get them out of circulation and into the banks. This is part of the project to delete the zeros. Iraq does not want millions of millionaires. Just recently we read yet another article on this topic of these notes stashed in the homes and necessity to get them into the banks. So this makes twice recently on this topic.
4-12-2019 Intel Guru Bruce [via PinkRoses] The information that we are hearing is again very positive in the sense we are moving forward. Seeing things that are occurring that are indicating we are on the right track and we are almost ready to be notified... I believe the latest update I had from top bank sources is indicating the possibility of receiving notification let’s say around or by lunchtime Friday, tomorrow... that is when the games are pretty much over. ...I would just say the intention is to get this started for us this week... ...All the rates are on the screens. They are locked and ready to go. ...We will see what tomorrow [Friday] brings. I am very excited.
4-12-2019 Intel Guru MarkZ [did the whales exchange today (Thursday) as planned?] No …they did not…they got lots of guarantees and told to be "on call" starting tomorrow to definitely get them in this weekend. [When can we start exchanging dinar:] Based on long conversations with banks today a handful may be done this weekend with the bulk starting on Monday morning. [Are you feeling 100% yet?] I am 100% sure its about to happen…just not 100% sure on exact timing...no one is. [post 3 of 3]
4-12-2019 Intel Guru MarkZ [What rates are you hearing now?] This is a guess...what makes sense to me...$4.40 for a in country rate on the dinar... possibly as high as 6.50 in the US...this is only my opinion...I always thought Low 2$ to $2.30 range on the dong...Just my opinion and makes sense to me... [Hard to comprehend there is so much return on our currency for all the currency holders – wow] Yes it is tough to believe...but we see all the signs…a lot of movement with swift and AIB…. ...There is so much happening as we move toward the asset backed world. [post 2 of 3....stay tuned]
4-12-2019 Intel Guru MarkZ [via PDK] The news is phenomenal today...very exciting...they are putting our horses in the starting gate... The 800 numbers are fair game anywhere from Friday night to Sunday night... logistically It makes more sense for Sunday now. ...The rates locked in but not released yet for us... [can we expect numbers to change on the CBI when this goes?] I expect to see the rates on the CBI a day after this all goes…so they do not have to mess with time zones and leaks. ...The forex window closing on Friday evening to Sunday is what makes the most sense for things to happen at this point. I am absolutely convinced that we are past the point of no return... [post 1 of 3....stay tuned]
4-11-2019 Newshound/Intel Guru Mnt Goat I have told everyone this before but...we might just be waiting until Jan 2020 again. This is of course the worst scenario...I have also said... that I do not see much more that the CBI has to do to move ahead to the final step with the project to delete the zeros. It appears they take giant leaps and bounds and then just stall again. ... We all know this situation if very fluid and changes almost daily. ...So right now, unless we see some different signs, we must cool down our anxieties, relax and let Iraq do what it does. [post 3 of 3]
4-11-2019 Newshound/Intel Guru Mnt Goat 2) Also we know that a FREE MARKET economy will force Iraq to deal with international trade and so how cumbersome will this conversion of dinars to dollars $$$ be in draining the CBI reserves by these currency auctions? They will have to move to a floating rate dinar and reinstate it to be ultimately successful in this FREE MARKET economy if this is truly where they want to go. Oh - but we also know that they can not move to reinstate the dinar unless the also complete the “project to delete the zeros”. The two efforts are interconnected. There is much resistance to both ideas and many economist have their opinions of the effects of both of them and so you see the real set of problems here? [post 2 of 3....stay tuned]
4-11-2019 Intel Guru MarkZ A number of whales have appointments today...we are watching it closely. Based on all the progress last night I believe we really should see something by 3 or 4 today or by tonight. I will be very upset if we do not see anything tonight or tomorrow morning. [will you come in to confirm the first 800 numbers?] ...we will start streaming the 800 numbers immediately. ...I will get #’s directly from the bank...I will verify all the banks 800 numbers that they give me before I release it... This is not an “IF “ it’s a “When” ...This is Proof of the pudding day… [post 2 of 2]
4-11-2019 Intel Guru MarkZ The news overnight was too big! We are told the 3rd rate locked in …We are told they expect to release dollars today...to me The Proof is in the Pudding...we heard from government contacts as well… They said we crossed the point of no return…I am told It all broke loose last night ...they firmly believe 800#’s today…. …I was reached out to by Attorneys and Politicians and government contacts…. I think maybe late tonight…the go-ahead order was given at about 4AM. [post 1 of 2....stay tuned]
4-11-2019 Newshound/Intel Guru Mnt Goat ...The news now from Iraq is all about two issues now: 1) paying out the salaries and pensions and catching up on owed bills; 2) getting investors to take hold in Iraq and the switch over from a CENTRALIZED GOVT RUN economy to a FREE MARKET economy. I do not know how the full extent of these two main issues matter for the timing of the reinstatement, but I will say this: 1) The IMF has always had a mandate that Iraq be able to pay its bills on time. They want Iraq to move forward to a more timely monthly payment schedule. This is monetary stability. [post 1 of 3....stay tuned]
4-11-2019 Newshound Guru Larrykn Article: "The meeting is the first Iraqi Gulf for over 30 years." Quote: "...the first meeting between Iraq and the Secretariat of the GCC, in more than 30 years, leading to the signing of memorandums to boost security cooperation And military, as well as the launch of an investment conference in Baghdad soon to receive Gulf investments in Iraq..." WOW: This is what we have been waiting to see, they are working on all the areas that need to be boosted. Iraq seems to want to get this done now, maybe changes are a coming .
4-11-2019 Newshound Guru G-Lin Article: "Iraqi-Gulf meeting is the first in more than 30 years" Quote: " ...the fruit of the first high-level meeting between Iraq and the GCC Secretariat for more than 30 years. For the launch of an investment conference in Baghdad soon, to receive Gulf investments in Iraq." This could be big. Iraq joining GCC could break some of that dependency on Iran...
4-11-2019 Intel Guru MarkZ [via PDK] Wednesday Night Update... I have waiting to hear from 2 banking high ups – and I’m trying to confirm this but I am hearing WF locked in rates this afternoon... 2 of the 3 rates needed to process us are supposed to be locked in and just waiting for one more to lock in. Once they have the final rate locked in...everything starts. If things go out as planned roll out tomorrow [Thursday]...very positive on the RV front...I am thinking dollars tomorrow... [could there be any delays at this point?] I am hearing nothing about delays...not a word anywhere…this is moving… ...people I know have appointments for tomorrow [Thursday] morning and afternoon... I hate being this excited …but just cant help it right now.
4-11-2019 Newshound/Intel Guru Mnt Goat 2) Also we know that a FREE MARKET economy will force Iraq to deal with international trade and so how cumbersome will this conversion of dinars to dollars $$$ be in draining the CBI reserves by these currency auctions? They will have to move to a floating rate dinar and reinstate it to be ultimately successful in this FREE MARKET economy if this is truly where they want to go. Oh - but we also know that they can not move to reinstate the dinar unless the also complete the “project to delete the zeros”. The two efforts are interconnected. There is much resistance to both ideas and many economist have their opinions of the effects of both of them and so you see the real set of problems here? [post 2 of 3....stay tuned]
4-11-2019 Intel Guru MarkZ A number of whales have appointments today...we are watching it closely. Based on all the progress last night I believe we really should see something by 3 or 4 today or by tonight. I will be very upset if we do not see anything tonight or tomorrow morning. [will you come in to confirm the first 800 numbers?] ...we will start streaming the 800 numbers immediately. ...I will get #’s directly from the bank...I will verify all the banks 800 numbers that they give me before I release it... This is not an “IF “ it’s a “When” ...This is Proof of the pudding day… [post 2 of 2]
4-11-2019 Intel Guru MarkZ The news overnight was too big! We are told the 3rd rate locked in …We are told they expect to release dollars today...to me The Proof is in the Pudding...we heard from government contacts as well… They said we crossed the point of no return…I am told It all broke loose last night ...they firmly believe 800#’s today…. …I was reached out to by Attorneys and Politicians and government contacts…. I think maybe late tonight…the go-ahead order was given at about 4AM. [post 1 of 2....stay tuned]
4-11-2019 Newshound/Intel Guru Mnt Goat ...The news now from Iraq is all about two issues now: 1) paying out the salaries and pensions and catching up on owed bills; 2) getting investors to take hold in Iraq and the switch over from a CENTRALIZED GOVT RUN economy to a FREE MARKET economy. I do not know how the full extent of these two main issues matter for the timing of the reinstatement, but I will say this: 1) The IMF has always had a mandate that Iraq be able to pay its bills on time. They want Iraq to move forward to a more timely monthly payment schedule. This is monetary stability. [post 1 of 3....stay tuned]
4-11-2019 Newshound Guru Larrykn Article: "The meeting is the first Iraqi Gulf for over 30 years." Quote: "...the first meeting between Iraq and the Secretariat of the GCC, in more than 30 years, leading to the signing of memorandums to boost security cooperation And military, as well as the launch of an investment conference in Baghdad soon to receive Gulf investments in Iraq..." WOW: This is what we have been waiting to see, they are working on all the areas that need to be boosted. Iraq seems to want to get this done now, maybe changes are a coming .
4-11-2019 Newshound Guru G-Lin Article: "Iraqi-Gulf meeting is the first in more than 30 years" Quote: " ...the fruit of the first high-level meeting between Iraq and the GCC Secretariat for more than 30 years. For the launch of an investment conference in Baghdad soon, to receive Gulf investments in Iraq." This could be big. Iraq joining GCC could break some of that dependency on Iran...
4-11-2019 Intel Guru MarkZ [via PDK] Wednesday Night Update... I have waiting to hear from 2 banking high ups – and I’m trying to confirm this but I am hearing WF locked in rates this afternoon... 2 of the 3 rates needed to process us are supposed to be locked in and just waiting for one more to lock in. Once they have the final rate locked in...everything starts. If things go out as planned roll out tomorrow [Thursday]...very positive on the RV front...I am thinking dollars tomorrow... [could there be any delays at this point?] I am hearing nothing about delays...not a word anywhere…this is moving… ...people I know have appointments for tomorrow [Thursday] morning and afternoon... I hate being this excited …but just cant help it right now.
4-10-2019 Newshound Guru G-Lin I really don't know what the trigger will be in regards to a currency adjustment. I have always felt it would be prompted by trade. Tariffs. We have seen Iraq increase their exports and decrease their imports in the last few years. That needs to continue. Total independence in agriculture and in all of the "Made in Iraq" products. I noticed another meeting with WTO a month or so ago. They are working at complying with necessary requirements. They did have the first reading of the draft mineral investment law today in Parl.
4-10-2019 Intel Guru MarkZ We were also told that Appointments were set up with whales with HSBC and WF for Thursday to make appointments to exchange currencies...Some of these people I know and they are personal friends. I am not a whale...Whales are people who already have a regular relationship with bankers...prior investments and stuff like that. ...they have like 50M dinar 50M dong or more. Large amounts of currency… Its possible that we could see 800#'s today...The banks have expectations. It is looking good for Thursday right now with the movement. [Anything new on rates?] Here is what I still believe...makes sense to me…. Street rate Dinar will be $4 to 4.50...I think $6 to $8 for contract rate... I believe the Dong will be in the low $2's to $2.20 or so. I will keep digging for news today…
4-10-2019 Newshound Guru larrykn ...I think most countries are pegged to the US dollar, so...saying they are against the us dollar means they are competing against the US dollar...I think that is right. ...the currency is adjusted to the GDP of the country. what that country has to offer, I think Iraq has a lot to offer and not just oil. with the private sector coming in , they will do quite well in the world
4-10-2019 Newshound Guru MilitiaMan Article: "Demands to create an economy based on international foundations" Going to a free market economy is exactly what we have been waiting for...The amount of jobs that will be created will be huge...we just were told the 2018 budget had a surplus of $3 billion and that is to be used to benefit the citizens per the HML [HCL ?]! Let’s also not forget the Turk model they are following requires that that law be in place and it is and was enacted 01/13/2019 and is being adjusted to and. Right on time. So there is no surprise they are talking about going to a free market economy, as they have the checklist checked! Imo.
4-10-2019 Intel Guru Bruce Saturday... we had the Zim (Bruce said Zim, but I think he might have meant Dinar) at a very nice rate just below $8.00 on the screens. Dong is back at a lower rate than it was and it got started trading Sunday night, and it is on its way trading and I am sure it is trading back up. I am going to encourage everybody to be very excited and positive about what should be happening here this week. ...I am looking at a fantastic week for all of us. [post 2 of 2]
4-10-2019 Intel Guru Bruce [via PinkRoses] This is kind of where we are. I understand... there is an automated portion...maybe the entire system is automated to take our 800 number call ins. My understanding is that up until late last night ...banks were being connected to the 800 number reservation system that they had not been yet connected and they were scrambling to get those additional banks that are going to be part of the redemption process...to be connected to the automated reservation system. Now, we also heard the toll-free number could come virtually anytime now. The update was for approximately lunchtime tomorrow [Wednesday]. ...We think that could signal our start. [post 1 of 2....stay tuned]
4-10-2019 Newshound Guru Breitling Things change…My confidence in the Iraqi dinar has never changed. So they have to change the tactic on what they need to do to maintain a certain economy. They are adapting to whatever the market is going to be…You shouldn’t have any fear…In my view…the worst case scenario it gets to $2.70, $2.80 and this is within the GCC and the market…So I’m just thinking about that market and what’s involved. And just like any other currency, is it too high within a market and then it won’t work…and if they avoid that and just get into the world market that’s not going to work. They have to be locally plugged in and take advantage of the international markets. [post 2 of 2]
4-10-2019 Intel Guru MarkZ We were also told that Appointments were set up with whales with HSBC and WF for Thursday to make appointments to exchange currencies...Some of these people I know and they are personal friends. I am not a whale...Whales are people who already have a regular relationship with bankers...prior investments and stuff like that. ...they have like 50M dinar 50M dong or more. Large amounts of currency… Its possible that we could see 800#'s today...The banks have expectations. It is looking good for Thursday right now with the movement. [Anything new on rates?] Here is what I still believe...makes sense to me…. Street rate Dinar will be $4 to 4.50...I think $6 to $8 for contract rate... I believe the Dong will be in the low $2's to $2.20 or so. I will keep digging for news today…
4-10-2019 Newshound Guru larrykn ...I think most countries are pegged to the US dollar, so...saying they are against the us dollar means they are competing against the US dollar...I think that is right. ...the currency is adjusted to the GDP of the country. what that country has to offer, I think Iraq has a lot to offer and not just oil. with the private sector coming in , they will do quite well in the world
4-10-2019 Newshound Guru MilitiaMan Article: "Demands to create an economy based on international foundations" Going to a free market economy is exactly what we have been waiting for...The amount of jobs that will be created will be huge...we just were told the 2018 budget had a surplus of $3 billion and that is to be used to benefit the citizens per the HML [HCL ?]! Let’s also not forget the Turk model they are following requires that that law be in place and it is and was enacted 01/13/2019 and is being adjusted to and. Right on time. So there is no surprise they are talking about going to a free market economy, as they have the checklist checked! Imo.
4-10-2019 Intel Guru Bruce Saturday... we had the Zim (Bruce said Zim, but I think he might have meant Dinar) at a very nice rate just below $8.00 on the screens. Dong is back at a lower rate than it was and it got started trading Sunday night, and it is on its way trading and I am sure it is trading back up. I am going to encourage everybody to be very excited and positive about what should be happening here this week. ...I am looking at a fantastic week for all of us. [post 2 of 2]
4-10-2019 Intel Guru Bruce [via PinkRoses] This is kind of where we are. I understand... there is an automated portion...maybe the entire system is automated to take our 800 number call ins. My understanding is that up until late last night ...banks were being connected to the 800 number reservation system that they had not been yet connected and they were scrambling to get those additional banks that are going to be part of the redemption process...to be connected to the automated reservation system. Now, we also heard the toll-free number could come virtually anytime now. The update was for approximately lunchtime tomorrow [Wednesday]. ...We think that could signal our start. [post 1 of 2....stay tuned]
4-10-2019 Newshound Guru Breitling Things change…My confidence in the Iraqi dinar has never changed. So they have to change the tactic on what they need to do to maintain a certain economy. They are adapting to whatever the market is going to be…You shouldn’t have any fear…In my view…the worst case scenario it gets to $2.70, $2.80 and this is within the GCC and the market…So I’m just thinking about that market and what’s involved. And just like any other currency, is it too high within a market and then it won’t work…and if they avoid that and just get into the world market that’s not going to work. They have to be locally plugged in and take advantage of the international markets. [post 2 of 2]
4-9-2019 Newshound Guru Breitling …The Iraqi dinar is going to revalue. The west set it up to revalue. Their banking system is set up for a higher rate to be able to participate in the world markets. Everybody knows this…It’s going to revalue. Do we know when? Absolutely not. And the way that it revalues things change. It simply changes. Think about…from 2011 to what it is today - It’s a completely different world. The projections are completely different. You had senators getting up in the senate and saying there was 50 years of oil left…obviously they’re full of it. Obviously they were lying and trying to create an artificial market…and they had a president that backed it all up…that’s why we live in a completely different world. [post 1 of 2]
4-9-2019 Intel Guru MarkZ We are still sitting here on the edge of our seats...I am still expectant ...I am tired of being this hyped up…but everything we hear from everyone is still very positive. I know it’s close...just managing our expectations is hard... I do not control the dates…just passing on the news as I am told... I have been called many names and threatened this week...this is a reason many people quit sharing... Again – this is not an “if” – it’s a “when”... Watching years of no movement and now seeing movement everywhere still has me excited. I feel we are really past the point of no return… There is a chance I will have to go silent...If I do you will get a tweet letting you all know. If there is any big news I will let you all know…
4-9-2019 Newshound Guru Breitling …The GCC countries…are going to want to be a part of that…there are two things that have to happen. Iraq has to revalue its currency to participate so they have the money to invest…If you’re getting less and less dollars because the price of oil is going down then they’re going to have to add value to their own currency to make up for that. Also, if they go too high within the GCC…no one is going to invest in Iraq. Why go to Iraq and pay $3.22…when you can go right next do or to Saudi Arabia and [pay] $.23 for whatever you’re buying. What it does it puts a cap on how far the currency can go…that’s why I’m speculating that it will never get to $3.22. And I could be completely wrong. [Post 2 of 2]
4-9-2019 Newshound Guru Breitling I noticed a big huge trend. A little bit of fear. And there is no reason for it…[My] statement…“I don’t think the dinar is going to get to $3.25.” That is just my opinion…Where does that come from?…We understand the opportunity for them to revalue is oil prices. Well there are other things on the table and it has to do the the GCC which is basically a trading block in the middle east. …what’s being proposed for peace in the middle east between Israel and the countries that surround Israel will have an indirect effect for Iraq and its currency…and it’s all good news. …The United States has agreed to put 2 Trillion into helping and sustaining the framework of this trading block… [Post 1 of 2]
4-9-2019 Newshound Guru Adam Montana [...do you see the passing of the 2019 budget with the old rate in it as significant? Do you think we will now need to wait until 2020 to see an increase in the rate?...] No to both questions. I’ll expand on that briefly - the budget as passed allocated a specific dollar amount to specific items. This dollar amount gives Iraq a functioning government and will not need to be changed with the rate.
4-9-2019 Intel Guru MarkZ [Ramadan is May 5 to June 4] I believe we will be out of the gate and long done by then.
4-9-2019 Intel Guru Delta Article: "IRAQ IS CLOSING IN ON A MAJOR ECONOMIC BREAKTHROUGH" I LOVE IT....ALL OVER THE NEWS IN IRAQ... MORE GOOD NEWS..."free-trade zone will be established between Saudi Arabia and Iraq"
4-9-2019 Intel Guru MarkZ We are still sitting here on the edge of our seats...I am still expectant ...I am tired of being this hyped up…but everything we hear from everyone is still very positive. I know it’s close...just managing our expectations is hard... I do not control the dates…just passing on the news as I am told... I have been called many names and threatened this week...this is a reason many people quit sharing... Again – this is not an “if” – it’s a “when”... Watching years of no movement and now seeing movement everywhere still has me excited. I feel we are really past the point of no return… There is a chance I will have to go silent...If I do you will get a tweet letting you all know. If there is any big news I will let you all know…
4-9-2019 Newshound Guru Breitling …The GCC countries…are going to want to be a part of that…there are two things that have to happen. Iraq has to revalue its currency to participate so they have the money to invest…If you’re getting less and less dollars because the price of oil is going down then they’re going to have to add value to their own currency to make up for that. Also, if they go too high within the GCC…no one is going to invest in Iraq. Why go to Iraq and pay $3.22…when you can go right next do or to Saudi Arabia and [pay] $.23 for whatever you’re buying. What it does it puts a cap on how far the currency can go…that’s why I’m speculating that it will never get to $3.22. And I could be completely wrong. [Post 2 of 2]
4-9-2019 Newshound Guru Breitling I noticed a big huge trend. A little bit of fear. And there is no reason for it…[My] statement…“I don’t think the dinar is going to get to $3.25.” That is just my opinion…Where does that come from?…We understand the opportunity for them to revalue is oil prices. Well there are other things on the table and it has to do the the GCC which is basically a trading block in the middle east. …what’s being proposed for peace in the middle east between Israel and the countries that surround Israel will have an indirect effect for Iraq and its currency…and it’s all good news. …The United States has agreed to put 2 Trillion into helping and sustaining the framework of this trading block… [Post 1 of 2]
4-9-2019 Newshound Guru Adam Montana [...do you see the passing of the 2019 budget with the old rate in it as significant? Do you think we will now need to wait until 2020 to see an increase in the rate?...] No to both questions. I’ll expand on that briefly - the budget as passed allocated a specific dollar amount to specific items. This dollar amount gives Iraq a functioning government and will not need to be changed with the rate.
4-9-2019 Intel Guru MarkZ [Ramadan is May 5 to June 4] I believe we will be out of the gate and long done by then.
4-9-2019 Intel Guru Delta Article: "IRAQ IS CLOSING IN ON A MAJOR ECONOMIC BREAKTHROUGH" I LOVE IT....ALL OVER THE NEWS IN IRAQ... MORE GOOD NEWS..."free-trade zone will be established between Saudi Arabia and Iraq"
4-8-2019 Intel Guru MarkZ Well in the past we have heard so many sorry stories and the can was kicked so many times...but this time I don’t think is one of them...As of now, I am excited we will see solid movement overnight. [Any news about rates?] Hearing 4.50 up to $6 or $8 for contract rates on the dinar...dong - I still think about $ 2.20 to $2.60... [What is your percentage for this week?] I feel very confident and will stick with 99.9. [post 2 of 2]
4-8-2019 Intel Guru MarkZ We have all been so hyped up for the last two weeks and we need to manage our expectations but we really are that close...IMO. News really slowed down Sat. Night...the decision was made to pull the trigger ...we expect late this evening...there is a tremendous commitment to get this done. By later Saturday everyone in...Iraq was saying Tuesday was the day to look for. Should make for a crazy two days. If 800 numbers show up tonight or Tuesday we should be in banks by Wednesday. [post 1 of 2....stay tuned]
4-8-2019 Intel/Newshound Guru Sandyf [If the Saudi's currency is worth 27 cents I would think Iraq's currency is worth at least that if not more. I've study this thing upside down and sideways ...I still find it hard to believe Iraq and the US went through all of this for nothing...] When considering the value of a currency you have to take into account how much is in circulation. Kuwait has about 40 billion dinar in circulation and Iraq around 44 trillion, see the difference. I believe as much as you do that something may well happen...
4-8-2019 Newshound Guru Adam Montana When people see something rising in value, they predictably want to catch that wave... People see other people making profits and want to join in, and again the herd mentality can push a stock or a currency or anything else that is being traded to levels that it shouldn't actually attain. Eventually the markets will stabilize, as they always do. In Iraq's case, this is exactly why I lean towards a pegged RV rate opposed to a complete free float on the market. It will be easier for them to control a major change if they also control the fluctuation, and they stand to make enough profits on an RV that they will be better served by taking the profits on a fixed spread rather than trying to "catch it at the top". A pegged rate, at least initially, will allow them to control and maintain a higher rate. They are doing all this with their actions in their government, and the price of oil going up at a steady and fairly predictable rate gives them the ability to create a solid path to higher profitability. End result? Everything we’re looking for! [post 3 of 3]
4-8-2019 Newshound Guru Adam Montana Iraq’s currency price is based on their ability to sell it to other countries, just like any other country with a tradable currency. Their ability to sell their currency is determined by what other countries will pay for it - this is the basic concept of supply and demand. ...In order for Iraq to raise the "sell" price of their currency, they have to create a strong market for it. ...If Iraq wasn't making progress towards stability and strength, we would have no chance of an RV. That is...not the case. Iraq IS moving in the right direction. ...That's really all this comes down to...Iraq's ability to raise the value of their currency is based on the perceived ability to provide a solid expectation of return on investment. [post 2 of 3....stay tuned]
4-8-2019 Newshound Guru Adam Montana If you’ve kept up with my recent posts, you know I’m excited about oil...We finished the week still above $60 on the WTI charts... and still going strong. BIG PICTURE TIME. There are a lot of moving parts here, but the biggest thing we're waiting on right now is the HCL. There are a bunch of articles and news related to HCL, and I'm even getting some very encouraging private messages from my contacts about the progress, but the bottom line right now is this: HCL has not been concluded at this time. Therefore we have no RV...yet. Yet, we have reason to keep hanging on, and if I may be so bold...we have a damn good reason for it. [post 1 of 3....stay tuned]
4-8-2019 Intel Guru MarkZ We have all been so hyped up for the last two weeks and we need to manage our expectations but we really are that close...IMO. News really slowed down Sat. Night...the decision was made to pull the trigger ...we expect late this evening...there is a tremendous commitment to get this done. By later Saturday everyone in...Iraq was saying Tuesday was the day to look for. Should make for a crazy two days. If 800 numbers show up tonight or Tuesday we should be in banks by Wednesday. [post 1 of 2....stay tuned]
4-8-2019 Intel/Newshound Guru Sandyf [If the Saudi's currency is worth 27 cents I would think Iraq's currency is worth at least that if not more. I've study this thing upside down and sideways ...I still find it hard to believe Iraq and the US went through all of this for nothing...] When considering the value of a currency you have to take into account how much is in circulation. Kuwait has about 40 billion dinar in circulation and Iraq around 44 trillion, see the difference. I believe as much as you do that something may well happen...
4-8-2019 Newshound Guru Adam Montana When people see something rising in value, they predictably want to catch that wave... People see other people making profits and want to join in, and again the herd mentality can push a stock or a currency or anything else that is being traded to levels that it shouldn't actually attain. Eventually the markets will stabilize, as they always do. In Iraq's case, this is exactly why I lean towards a pegged RV rate opposed to a complete free float on the market. It will be easier for them to control a major change if they also control the fluctuation, and they stand to make enough profits on an RV that they will be better served by taking the profits on a fixed spread rather than trying to "catch it at the top". A pegged rate, at least initially, will allow them to control and maintain a higher rate. They are doing all this with their actions in their government, and the price of oil going up at a steady and fairly predictable rate gives them the ability to create a solid path to higher profitability. End result? Everything we’re looking for! [post 3 of 3]
4-8-2019 Newshound Guru Adam Montana Iraq’s currency price is based on their ability to sell it to other countries, just like any other country with a tradable currency. Their ability to sell their currency is determined by what other countries will pay for it - this is the basic concept of supply and demand. ...In order for Iraq to raise the "sell" price of their currency, they have to create a strong market for it. ...If Iraq wasn't making progress towards stability and strength, we would have no chance of an RV. That is...not the case. Iraq IS moving in the right direction. ...That's really all this comes down to...Iraq's ability to raise the value of their currency is based on the perceived ability to provide a solid expectation of return on investment. [post 2 of 3....stay tuned]
4-8-2019 Newshound Guru Adam Montana If you’ve kept up with my recent posts, you know I’m excited about oil...We finished the week still above $60 on the WTI charts... and still going strong. BIG PICTURE TIME. There are a lot of moving parts here, but the biggest thing we're waiting on right now is the HCL. There are a bunch of articles and news related to HCL, and I'm even getting some very encouraging private messages from my contacts about the progress, but the bottom line right now is this: HCL has not been concluded at this time. Therefore we have no RV...yet. Yet, we have reason to keep hanging on, and if I may be so bold...we have a damn good reason for it. [post 1 of 3....stay tuned]
4-7-2019 Newshound Guru G-Lin ...I'm not sure exactly why they are bringing it back. Will they add amendments? Will any additional amendments address a rate? Everything is guess work at this stage and I'm sure that's deliberate. They also changed the date on the introduction into Parl. again From Apr.10th to Apr. 17th. I'm hoping we will learn a little more between now and the 17th. So we wait. But I like the direction this is taking. They just held a seminar on the deletion of zeros and that is encouraging. They definitely are talking about it... [post 2 of 2]
4-7-2019 Newshound Guru G-Lin The Financial Management Law {FML} was voted on in Parl. already on Jan.13th 2019. It is very long and detailed and was posted on the Parl. site. It tells us at the bottom of this posting that it was enacted. The definition of enacted is: Make a bill or other proposal a law. However, in the...art... "Parliamentary Finance intends to develop mechanisms to maintain the stability of the dinar exchange rate" ...they say "the financial Parliament is keen to enact the law of financial administration". So... [post 1 of 2....stay tuned]
4-7-2019 Newshound Guru larrykn Articles: "Trade show kicks off to members of the Organization of Islamic cooperation with Baghdad."; "Iraq: we hope to double bilateral trade between Islamic countries for more than 481 billion" I like that they are getting all these trade deals together, this is a great start to the private sector we are all looking for.
4-7-2019 Intel Guru Bluwolf ...this blessing is about to start. Be ready with documents in hands...we are minute by minute in this with a view to receive 800 at any moment. Opening the coffers of change for the inside Monday to Tuesday of this week...The rates will be high...Victory times are coming up... Be...on alert...
4-7-2019 Intel/Newshound Guru sandyf [...in all the yrs! The rate has never been in the budget.] You are quite right, there is no rate in a budget. Iraq, like many other countries and businesses, must publish their accounts and budgets in both local currency and USD so there is a rate of exchange between the 2 versions. As far as Iraq is concerned the rate makes little difference to their income revenue and the USD budget, whatever the rate they would still only get the market price for a barrel of oil.
4-7-2019 Newshound Guru G-Lin The Financial Management Law {FML} was voted on in Parl. already on Jan.13th 2019. It is very long and detailed and was posted on the Parl. site. It tells us at the bottom of this posting that it was enacted. The definition of enacted is: Make a bill or other proposal a law. However, in the...art... "Parliamentary Finance intends to develop mechanisms to maintain the stability of the dinar exchange rate" ...they say "the financial Parliament is keen to enact the law of financial administration". So... [post 1 of 2....stay tuned]
4-7-2019 Newshound Guru larrykn Articles: "Trade show kicks off to members of the Organization of Islamic cooperation with Baghdad."; "Iraq: we hope to double bilateral trade between Islamic countries for more than 481 billion" I like that they are getting all these trade deals together, this is a great start to the private sector we are all looking for.
4-7-2019 Intel Guru Bluwolf ...this blessing is about to start. Be ready with documents in hands...we are minute by minute in this with a view to receive 800 at any moment. Opening the coffers of change for the inside Monday to Tuesday of this week...The rates will be high...Victory times are coming up... Be...on alert...
4-7-2019 Intel/Newshound Guru sandyf [...in all the yrs! The rate has never been in the budget.] You are quite right, there is no rate in a budget. Iraq, like many other countries and businesses, must publish their accounts and budgets in both local currency and USD so there is a rate of exchange between the 2 versions. As far as Iraq is concerned the rate makes little difference to their income revenue and the USD budget, whatever the rate they would still only get the market price for a barrel of oil.
4-6-2019 Newshound Guru larrykn I don't think Kap [Guru Kaperoni] is that far off to be honest, I can see this coming out as a float, I'm just not sure it will start were [where ?] it is at now.
4-6-2019 Intel Guru MarkZ News is pretty slim this morning... There is [no] bad news and no great news...take the quiet as a good thing... I still hope to get news yet today... Remember they are trying to keep us in the dark...My gut is saying Sun evening for 800#... In Iraq - I have not been able to verify any rate in the Gazette... My Iraq contact really thought would see a rate change over the weekend... the last I spoke with him was on Friday.
4-6-2019 Newshound Guru Kaperoni ...The dinar can never revalue. It can only gradually appreciate via a float once the CBI moves off the peg. ...I have proven that they're going to float the currency and I have been accurate for the past 8 years on the developments in Iraq. ...there can never be an RV.
4-6-2019 Intel Guru MarkZ IMO the Dong could support 2 to 2.50 rate...
4-6-2019 Intel Guru RayRen98 Iraqi TV broadcasting April 25 to be a launch date for the financial inclusion to the private sector. Iraqi TV is also broadcasting travel bans have been initiated against select government officials not allowing them to leave the country. Maliki is ASSUMED to be on house arrest. Time Will Tell...it all.
4-6-2019 Intel Guru MarkZ News is pretty slim this morning... There is [no] bad news and no great news...take the quiet as a good thing... I still hope to get news yet today... Remember they are trying to keep us in the dark...My gut is saying Sun evening for 800#... In Iraq - I have not been able to verify any rate in the Gazette... My Iraq contact really thought would see a rate change over the weekend... the last I spoke with him was on Friday.
4-6-2019 Newshound Guru Kaperoni ...The dinar can never revalue. It can only gradually appreciate via a float once the CBI moves off the peg. ...I have proven that they're going to float the currency and I have been accurate for the past 8 years on the developments in Iraq. ...there can never be an RV.
4-6-2019 Intel Guru MarkZ IMO the Dong could support 2 to 2.50 rate...
4-6-2019 Intel Guru RayRen98 Iraqi TV broadcasting April 25 to be a launch date for the financial inclusion to the private sector. Iraqi TV is also broadcasting travel bans have been initiated against select government officials not allowing them to leave the country. Maliki is ASSUMED to be on house arrest. Time Will Tell...it all.
4-5-2019 Intel Guru MarkZ …Expecting 800#'s tonight or early tomorrow. I feel really solid about my sources. We are so stinking close...I am definentely excited! I think we will see the 800#'s before the rates on forex... I could not find the Dinar on the forex, but they do expect it soon...I have a friend ...watching it for us… ...hoping to see tremendous progress tonight... expectation for tomorrow but we will see...so many expectations from everywhere...I really feel this weekend we will wake up to a a new world. Today I am at a 99.93% . Im excited and so ready to be done. They hid Kuwait for 10 days so we shall see. If there is any news...I will come in ...if not I will see you on Sat. [post 2 of 2]
4-5-2019 Intel Guru MarkZ From Iraq...The word from bankers is they are expecting the new rates to show late this evening…so afternoon for us here. My guy in Iraq said no new rates yet...Expecting a rate tonight for them...IMO Rates are...what I am hearing and what makes sense...street rate around the mid 4's for the dinar .maybe $6 - $7 in the US...dong 2.00 to 2.25. I still believe we will have no No tax on our exchange...currency is usually not taxed…It is covered in a tax treaty is what we have been told. [Always check with your tax professional] [post 1 of 2....stay tuned]
4-5-2019 Newshound Guru larrykn ...they can change the rate at anytime even if the budget came out ...of course it came out at 1190, thats the rate today, all will change when they are ready to revalue. ...they are working on getting things going, the trade deals they are working on is what they should be paying attention too, thats where the news is at, they are moving forward. [reference Mnt Goat post 4-5-2019]
4-5-2019 Newshound/Intel Guru Mnt Goat "Breaking news… The 2019 Budget is now opened" Well, well, well…it looks like Iraq has finally opened their 2019 budget and paid out at the 1180 rate according to this article. So we all know what that means. We need to settle down, relax... This is going to be yet another end of year January 2020. But my CBI contact was correct. They did pay out and open the budget this week. Just not at the rate we all wanted.
4-5-2019 Newshound Guru larrykn Articles: "Iraq provides Saudi investors 186 investment opportunities..."; "Saudi Arabia pledged a grant of one billion dollars for Iraq and is preparing to sign 13 conventions with him."; "Iraq and Lebanon are discussing lifting the visa between the two countries" Lots of deals going on over there right now, all good news.
4-5-2019 Newshound Guru G-Lin Article: "Parliamentary Finance intends to develop mechanisms to maintain the stability of the dinar exchange rate" Quote: "the financial Parliament is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state', indicating that 'the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation in the country." I think the vote on draft of the financial administration law is huge. This may open the door. If they vote on it or enact it, it could be what is necessary to change the value of the dinar. They told us it will raise the value...
4-5-2019 Intel Guru Bruce It is currently on the Bank screens at $7.62, and it should elevate...It is projected to get to $7.92 tomorrow [Friday] afternoon. ...Iraq is supposed to put everything they have in the Gazette Saturday morning Iraqi time...No, we do not have to wait on them. That is good...the Dong is projected tomorrow [Friday] afternoon, this is what I was told, $5.48...Am I calling it? I am doing my best not to call it. It is what it is. Take that for what it is, and we will see how that plays out... I am excited about where we are... [post 2 of 2]
4-5-2019 Intel Guru Bruce [via PinkRoses] ...we are right now...what I would call the end of the ride. The reason I say that and why I am jacked up about everything is we had heard back on Tuesday ...I had heard the fact this thing was close, that the 800 numbers were coming, and I even had days of Friday and Saturday... The truth of the matter is there are things happening...Where do we stand now? The Iraqi Dinar finally made it to the...the Forex and to the Bank screens...around the globe internationally it is visible... You can see it on Forex. You can see it on your bank screen if you are a banker...it should be tradable internationally... tonight [Thursday]. [post 1 of 2....stay tuned]
4-5-2019 Intel Guru MarkZ [A lot of people are talking about the FEDWIRE being down that they are also bringing in De La Rue machines and the employees are being told they are changing the banking sytems. Have you heard anything like that?] Yes..I have heard alot of stories like that…from all over the US...I have talked to a lot of tellers getting ready for the new systems...In fact here at WF the Manager working with a Teller... the manager told the teller she would be working on international transactions soon.
4-5-2019 Intel Guru RayRen98 Three names have been submitted to PM Mahdi for the Interior and Defense Minister positions by Construction and Reform. Reportedly, Iraqi TV was broadcasting the adoption of a policy opening the country regionally and internationally in all applications.
4-5-2019 Intel Guru MarkZ From Iraq...The word from bankers is they are expecting the new rates to show late this evening…so afternoon for us here. My guy in Iraq said no new rates yet...Expecting a rate tonight for them...IMO Rates are...what I am hearing and what makes sense...street rate around the mid 4's for the dinar .maybe $6 - $7 in the US...dong 2.00 to 2.25. I still believe we will have no No tax on our exchange...currency is usually not taxed…It is covered in a tax treaty is what we have been told. [Always check with your tax professional] [post 1 of 2....stay tuned]
4-5-2019 Newshound Guru larrykn ...they can change the rate at anytime even if the budget came out ...of course it came out at 1190, thats the rate today, all will change when they are ready to revalue. ...they are working on getting things going, the trade deals they are working on is what they should be paying attention too, thats where the news is at, they are moving forward. [reference Mnt Goat post 4-5-2019]
4-5-2019 Newshound/Intel Guru Mnt Goat "Breaking news… The 2019 Budget is now opened" Well, well, well…it looks like Iraq has finally opened their 2019 budget and paid out at the 1180 rate according to this article. So we all know what that means. We need to settle down, relax... This is going to be yet another end of year January 2020. But my CBI contact was correct. They did pay out and open the budget this week. Just not at the rate we all wanted.
4-5-2019 Newshound Guru larrykn Articles: "Iraq provides Saudi investors 186 investment opportunities..."; "Saudi Arabia pledged a grant of one billion dollars for Iraq and is preparing to sign 13 conventions with him."; "Iraq and Lebanon are discussing lifting the visa between the two countries" Lots of deals going on over there right now, all good news.
4-5-2019 Newshound Guru G-Lin Article: "Parliamentary Finance intends to develop mechanisms to maintain the stability of the dinar exchange rate" Quote: "the financial Parliament is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state', indicating that 'the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation in the country." I think the vote on draft of the financial administration law is huge. This may open the door. If they vote on it or enact it, it could be what is necessary to change the value of the dinar. They told us it will raise the value...
4-5-2019 Intel Guru Bruce It is currently on the Bank screens at $7.62, and it should elevate...It is projected to get to $7.92 tomorrow [Friday] afternoon. ...Iraq is supposed to put everything they have in the Gazette Saturday morning Iraqi time...No, we do not have to wait on them. That is good...the Dong is projected tomorrow [Friday] afternoon, this is what I was told, $5.48...Am I calling it? I am doing my best not to call it. It is what it is. Take that for what it is, and we will see how that plays out... I am excited about where we are... [post 2 of 2]
4-5-2019 Intel Guru Bruce [via PinkRoses] ...we are right now...what I would call the end of the ride. The reason I say that and why I am jacked up about everything is we had heard back on Tuesday ...I had heard the fact this thing was close, that the 800 numbers were coming, and I even had days of Friday and Saturday... The truth of the matter is there are things happening...Where do we stand now? The Iraqi Dinar finally made it to the...the Forex and to the Bank screens...around the globe internationally it is visible... You can see it on Forex. You can see it on your bank screen if you are a banker...it should be tradable internationally... tonight [Thursday]. [post 1 of 2....stay tuned]
4-5-2019 Intel Guru MarkZ [A lot of people are talking about the FEDWIRE being down that they are also bringing in De La Rue machines and the employees are being told they are changing the banking sytems. Have you heard anything like that?] Yes..I have heard alot of stories like that…from all over the US...I have talked to a lot of tellers getting ready for the new systems...In fact here at WF the Manager working with a Teller... the manager told the teller she would be working on international transactions soon.
4-5-2019 Intel Guru RayRen98 Three names have been submitted to PM Mahdi for the Interior and Defense Minister positions by Construction and Reform. Reportedly, Iraqi TV was broadcasting the adoption of a policy opening the country regionally and internationally in all applications.
4-4-2019 Newshound Guru MilitiaMan Article: "Association of Iraqi private banks holds a preparatory meeting for the day of financial inclusion" Financial Inclusion is a hot topic for not only the IMF but the Bank of International Settlements and the World Bank. Think about it why are they working so close with Private Banks? Because, imo those that have a lot of wealth or will have a lot in the short term will use them... They will bring in their wealth to the banks...to exchange it into the new products. Won't Private Banks need the new small category notes to facilitate their new beginning into a market economy? The wealthy own businesses and will need new product for daily transactions. ...They will also need the ability for the markets to do Foreign wire transfers for those that do international trade.
4-4-2019 Intel Guru MarkZ [Do you think there is a predetermined time for the release or is it just going to go when an ok is given?] I think it will go when the OK is given...they are now 5 days past the goal they were hoping to achieve….we are on a day to day basis right now...could happen at anytime... I really believe they are trying very hard to get everything done this week...Remember its not an "if" its a "when"... ...If I get news I will...come back...today... [post 2 of 2]
4-4-2019 Intel Guru MarkZ I do see people possibly going to the banks over the weekend...we are waiting with bated breath to see what happened overnight...big expectations of everything kicking off last night...I believe we have passed over the point of no return...we are just looking for the smoking gun...I'm trying to get that now... Possibility of tonight for 800#'s ...latest on the weekend... Its been very frustrating...this week however we are still seeing consistent progress everywhere ...I'm still excited to where we are...at what could happen even as early as today. Spoke yesterday w my contact in Iraq...No rate published in Gazette yet as of yesterday...IMO… This is the closest we've been... [post 1 of 2....stay tuned]
4-4-2019 Newshound/Intel Guru Mnt Goat Next we know that the Kurds or anybody else was not yet paid and to this date still the payroll files have not gone out. We are not moving into the fourth month without opening the 2019 budget. Conversation with my CBI contact on Monday: We were told the reinstatement rate is within the new budget and when it is opened they plan to pay out on the new rate. This why the hold up. Another cause of the holdup was a large sting operation on counterfeit currency coming from Iran. Billions of dollars worth of notes were confiscated. From my CBI contact they did run all the payroll files but they reflected the wrong rate under the program rate….oops!. They had to re-run the file and now it is based on the new rate. I was told the rate but also asked not to reveal it. I was told they will definitely pay the Kurds this week. We can expect to see articles news on this and the reinstatement may happen VERY soon afterward... [post 3 of 3]
4-4-2019 Newshound/Intel Guru Mnt Goat We know that just recently the speaker of parliament Halboussi returned from meetings in USA with government officials. ...Primary conversations were of course on the presence of US military forces in Iraq. This was settled. Next, he was told he needed to get the...government formed and do it now. ...we now hear that April 9th is the target for the next voting session on these candidates. But that is a week away and another holiday is fast approaching. Next we learned that Iraq conducted a symposium or seminar on the “project to delete the zeros”. WOW! Why...would they do this if they were not serious about going ahead with it soon? They are trying to put the final touches on the process and educate those key people on what is about to happen. [post 2 of 3....stay tuned]
4-4-2019 Newshound/Intel Guru Mnt Goat Okay so everyone wants to know what happened with the reinstatement. We know that the CBI did in FACT have a March target...this target, like other targets, is predicated on completing certain issues/tasks. So what have we learned in March that we can take forward...about the timing of this reinstatement? We can clearly see by the dozens of articles that the cabinet is not yet completed and the hard requirement is still to “fully” complete the cabinet. ...We learned that the IMF is ready to go and is “demanding” the CBI to “free up the exchange rate”. We can conclude this means to put it on a float in the open marketplace (global exchanges). So the pressure is on. [post 1 of 3....stay tuned]
4-4-2019 Intel Guru Delta Article: "Iraq imports goods from Kuwait worth 7 billion Iraqi dinars during the past month" ...NOTICE NO $$$ AT ALL...FIRST TIME...KUWAIT GETTING PAID BY IQD.
4-4-2019 Intel Guru MarkZ [Do you think there is a predetermined time for the release or is it just going to go when an ok is given?] I think it will go when the OK is given...they are now 5 days past the goal they were hoping to achieve….we are on a day to day basis right now...could happen at anytime... I really believe they are trying very hard to get everything done this week...Remember its not an "if" its a "when"... ...If I get news I will...come back...today... [post 2 of 2]
4-4-2019 Intel Guru MarkZ I do see people possibly going to the banks over the weekend...we are waiting with bated breath to see what happened overnight...big expectations of everything kicking off last night...I believe we have passed over the point of no return...we are just looking for the smoking gun...I'm trying to get that now... Possibility of tonight for 800#'s ...latest on the weekend... Its been very frustrating...this week however we are still seeing consistent progress everywhere ...I'm still excited to where we are...at what could happen even as early as today. Spoke yesterday w my contact in Iraq...No rate published in Gazette yet as of yesterday...IMO… This is the closest we've been... [post 1 of 2....stay tuned]
4-4-2019 Newshound/Intel Guru Mnt Goat Next we know that the Kurds or anybody else was not yet paid and to this date still the payroll files have not gone out. We are not moving into the fourth month without opening the 2019 budget. Conversation with my CBI contact on Monday: We were told the reinstatement rate is within the new budget and when it is opened they plan to pay out on the new rate. This why the hold up. Another cause of the holdup was a large sting operation on counterfeit currency coming from Iran. Billions of dollars worth of notes were confiscated. From my CBI contact they did run all the payroll files but they reflected the wrong rate under the program rate….oops!. They had to re-run the file and now it is based on the new rate. I was told the rate but also asked not to reveal it. I was told they will definitely pay the Kurds this week. We can expect to see articles news on this and the reinstatement may happen VERY soon afterward... [post 3 of 3]
4-4-2019 Newshound/Intel Guru Mnt Goat We know that just recently the speaker of parliament Halboussi returned from meetings in USA with government officials. ...Primary conversations were of course on the presence of US military forces in Iraq. This was settled. Next, he was told he needed to get the...government formed and do it now. ...we now hear that April 9th is the target for the next voting session on these candidates. But that is a week away and another holiday is fast approaching. Next we learned that Iraq conducted a symposium or seminar on the “project to delete the zeros”. WOW! Why...would they do this if they were not serious about going ahead with it soon? They are trying to put the final touches on the process and educate those key people on what is about to happen. [post 2 of 3....stay tuned]
4-4-2019 Newshound/Intel Guru Mnt Goat Okay so everyone wants to know what happened with the reinstatement. We know that the CBI did in FACT have a March target...this target, like other targets, is predicated on completing certain issues/tasks. So what have we learned in March that we can take forward...about the timing of this reinstatement? We can clearly see by the dozens of articles that the cabinet is not yet completed and the hard requirement is still to “fully” complete the cabinet. ...We learned that the IMF is ready to go and is “demanding” the CBI to “free up the exchange rate”. We can conclude this means to put it on a float in the open marketplace (global exchanges). So the pressure is on. [post 1 of 3....stay tuned]
4-4-2019 Intel Guru Delta Article: "Iraq imports goods from Kuwait worth 7 billion Iraqi dinars during the past month" ...NOTICE NO $$$ AT ALL...FIRST TIME...KUWAIT GETTING PAID BY IQD.
4-3-2019 Intel Guru MarkZ My sources who are Attorneys and Trustees were telling me they heard that everything was supposed to kick off Wednesday ..I "think" they start off tonight...
4-3-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQI CURRENCY PASSED THROUGH SEVERAL STAGES" Again more education going on...They are telling the citizens again not to buy or try to use the old Saddam Hussein notes prior to 2003. No smaller categories yet but the education of them is coming too. Hang in just a little longer…
4-3-2019 Newshound Guru Adam Montana ...the benchmark price I chose is WTI [West Texas Intermediate], which is not necessarily "Iraqi Oil"...WTI is a commonly used price that can be used to reasonably gauge activity across various markets. Since actual daily Iraqi production and sales are not readily available, it makes sense to track another index or marker that has a more reliable report available. As of this writing, oil (WTI) has surpassed $60 and is on a steady pace (slow and steady wins the race!) upwards. This isn't the only thing that matters, of course. The ReValuation (RV) of the Iraqi Dinar isn't hinged on any one item by any means! It is a culmination of many moving parts, and OIL is only one of them... but OIL is a big piece, and it's performing exactly as we we want. [post 2 of 2]
4-3-2019 Newshound Guru Adam Montana Just a quick note this morning, because I'm bubbling with excitement over the recent progress and feel compelled to get something up here. No, we don't have an HCL...and no, there has been no RV announcement. But, boy howdy, talk about tracking! Iraq, the CBI, President Trump, and the Easter Bunny all have something in common: NONE of them are going to give us a specific "heads up" when Iraq is about to pull the trigger on a ReValuation of the Iraqi Dinar. Our job here is to be informed, engaged, and prepared. OIL is over my forecasted/predicted/anticipated mark of $60... [post 1 of 2....stay tuned]
4-3-2019 Intel Guru Bruce Regarding Forex, over the weekend...there was a brand-new format for the Forex, a new template. Guess what? These currencies that we hold were known as and have been known as exotic currencies. Guess what? The exotics we hold are now in the same format as the rest of the world’s currencies. So, they have been essentially upgraded to the point of being fully tradable...probably the Dong, and I think the Dinar is just about ready to hit the screens. I have given you a heads up on rates...the Dinar supposed to come out well over $7, but maybe well over $8 or $9, and it should continue up from there. I would encourage you to be ready to get everything together. Let’s see what happens. I am excited. I think and hope we are just about there. [post 3 of 3]
4-3-2019 Intel Guru Bruce What about Iraq? ...Gazette days are Saturday and Wednesday. Did the everything come out in the Gazette Saturday? No. Will it come out tomorrow [Wednesday]? We believe...Iraq will have completed ...what it is what they have been promising...which is put out an international rate, have everything activated for their budget, Parliament seats they need to talk about, all of that is supposed to be done...So that is a very positive thing of what we should expect from Iraq. [post 2 of 3....stay tuned]
4-3-2019 Intel Guru Bruce [via PinkRoses] I am excited guys and it is for a good reason, I believe. You realize that this ride we have been on has been a little up and down...You know how we sort of had last week a Tuesday/Wednesday window that we thought would be happening. The next thing you know it gets pushed. Then we were looking at a Friday/Saturday. We didn’t get the Friday/Saturday. Things were happening. That is the important thing. Things were moving along where we were seeing things getting accomplished, and that was important... [post 1 of 2....stay tuned]
4-3-2019 Newshound Guru MilitiaMan Article: "World Bank: Iraqi economy will grow in 2019" Quote: "...the Iraqi economy will witness a remarkable recovery in the coming period, likely to rise economic growth after the formation of the government of Prime Minister Adel Abdul Mahdi." If this is not an ESCORT, I don't know what is.. lol ...The World Bank is telling the world that Iraq is going to have a remarkable recovery.. Lol This is the WORLD BANK one of the FAB 4... This article screams that what we are waiting on is as real as it gets, imo!!
4-3-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQI CURRENCY PASSED THROUGH SEVERAL STAGES" Again more education going on...They are telling the citizens again not to buy or try to use the old Saddam Hussein notes prior to 2003. No smaller categories yet but the education of them is coming too. Hang in just a little longer…
4-3-2019 Newshound Guru Adam Montana ...the benchmark price I chose is WTI [West Texas Intermediate], which is not necessarily "Iraqi Oil"...WTI is a commonly used price that can be used to reasonably gauge activity across various markets. Since actual daily Iraqi production and sales are not readily available, it makes sense to track another index or marker that has a more reliable report available. As of this writing, oil (WTI) has surpassed $60 and is on a steady pace (slow and steady wins the race!) upwards. This isn't the only thing that matters, of course. The ReValuation (RV) of the Iraqi Dinar isn't hinged on any one item by any means! It is a culmination of many moving parts, and OIL is only one of them... but OIL is a big piece, and it's performing exactly as we we want. [post 2 of 2]
4-3-2019 Newshound Guru Adam Montana Just a quick note this morning, because I'm bubbling with excitement over the recent progress and feel compelled to get something up here. No, we don't have an HCL...and no, there has been no RV announcement. But, boy howdy, talk about tracking! Iraq, the CBI, President Trump, and the Easter Bunny all have something in common: NONE of them are going to give us a specific "heads up" when Iraq is about to pull the trigger on a ReValuation of the Iraqi Dinar. Our job here is to be informed, engaged, and prepared. OIL is over my forecasted/predicted/anticipated mark of $60... [post 1 of 2....stay tuned]
4-3-2019 Intel Guru Bruce Regarding Forex, over the weekend...there was a brand-new format for the Forex, a new template. Guess what? These currencies that we hold were known as and have been known as exotic currencies. Guess what? The exotics we hold are now in the same format as the rest of the world’s currencies. So, they have been essentially upgraded to the point of being fully tradable...probably the Dong, and I think the Dinar is just about ready to hit the screens. I have given you a heads up on rates...the Dinar supposed to come out well over $7, but maybe well over $8 or $9, and it should continue up from there. I would encourage you to be ready to get everything together. Let’s see what happens. I am excited. I think and hope we are just about there. [post 3 of 3]
4-3-2019 Intel Guru Bruce What about Iraq? ...Gazette days are Saturday and Wednesday. Did the everything come out in the Gazette Saturday? No. Will it come out tomorrow [Wednesday]? We believe...Iraq will have completed ...what it is what they have been promising...which is put out an international rate, have everything activated for their budget, Parliament seats they need to talk about, all of that is supposed to be done...So that is a very positive thing of what we should expect from Iraq. [post 2 of 3....stay tuned]
4-3-2019 Intel Guru Bruce [via PinkRoses] I am excited guys and it is for a good reason, I believe. You realize that this ride we have been on has been a little up and down...You know how we sort of had last week a Tuesday/Wednesday window that we thought would be happening. The next thing you know it gets pushed. Then we were looking at a Friday/Saturday. We didn’t get the Friday/Saturday. Things were happening. That is the important thing. Things were moving along where we were seeing things getting accomplished, and that was important... [post 1 of 2....stay tuned]
4-3-2019 Newshound Guru MilitiaMan Article: "World Bank: Iraqi economy will grow in 2019" Quote: "...the Iraqi economy will witness a remarkable recovery in the coming period, likely to rise economic growth after the formation of the government of Prime Minister Adel Abdul Mahdi." If this is not an ESCORT, I don't know what is.. lol ...The World Bank is telling the world that Iraq is going to have a remarkable recovery.. Lol This is the WORLD BANK one of the FAB 4... This article screams that what we are waiting on is as real as it gets, imo!!
4-2-2019 Intel Guru MarkZ [...some where I remember reading that 99% of the resets occurred in April...] You are correct…you have done your homework...they usually do occur in April.
4-2-2019 Newshound/Intel Guru Mnt Goat This is BIG news...more education going on. Many ...might downplay this seminar but this is exactly what we have been waiting for. This was just held on Wednesday. This is NOT something from the past...how can you not get excited. Just because they are not saying everyday or any day RV this is still HUGE news. Any article on the project to delete the zeros is huge news since we know this is what is going to get us the significant increase in the value of the dinar, this increase we have been waiting so long for...
4-2-2019 Newshound Guru larrykn Article: "Communications: Internet will improve soon" Quote: "The communications Ministry announced, that the reality of the Internet will see significant development during the coming period..." these are the things I like seeing, they are moving in the right direction...less talk more action.
4-2-2019 Intel Guru MarkZ ...there are expectations that we will see things happen later in the day here in the US…I really hope that is true...I am nervous to tell you this – but I believe we are past the point of no return…I still am looking for the smoking gun to go with it and see for myself that its actually there. [post 2 of 2]
4-2-2019 Intel Guru MarkZ In Iraq-I spoke with a contractor friend I know...he repairs power plants and power systems... They are very keyed up...they thought the new rate was to show on Saturday...they are waiting...lots of news on changing values and reinstatements... They have started using gold coins to pull large notes off the street...they are actively trying to get larger notes off the streets. [post 1 of 2....stay tuned]
4-2-2019 Intel Guru Frank26 [via Clare] "IT'S COMING...IT'S HAPPENING ....THIS JOURNEY INCLUDES AN END"
4-2-2019 Intel Guru RayRen98 ...UPDATE...A Parliament spokesperson is on Iraqi TV stating that the names for the remaining cabinet positions will be presented and voted on after the April 9 albeit this is a direct contradiction from Sunday's TV announcement of the cabinet selections being concluded this week. Time Will Tell...if it even matters? A World Bank representative was interviewed and stated that after the cabinet completion, the Iraqi economy will experience a remarkable recovery. That announcement in Monday's mosque session indicated something very noticeable taking place by Tuesday evening...so, wait we shall!
4-2-2019 Newshound Guru larrykn the IMF pushing them is good but we need to look at where they are at and can they rv at this time, that is the question...corruption, security, investment, are those things ready? I don't think so.
4-2-2019 Newshound/Intel Guru Mnt Goat This is BIG news...more education going on. Many ...might downplay this seminar but this is exactly what we have been waiting for. This was just held on Wednesday. This is NOT something from the past...how can you not get excited. Just because they are not saying everyday or any day RV this is still HUGE news. Any article on the project to delete the zeros is huge news since we know this is what is going to get us the significant increase in the value of the dinar, this increase we have been waiting so long for...
4-2-2019 Newshound Guru larrykn Article: "Communications: Internet will improve soon" Quote: "The communications Ministry announced, that the reality of the Internet will see significant development during the coming period..." these are the things I like seeing, they are moving in the right direction...less talk more action.
4-2-2019 Intel Guru MarkZ ...there are expectations that we will see things happen later in the day here in the US…I really hope that is true...I am nervous to tell you this – but I believe we are past the point of no return…I still am looking for the smoking gun to go with it and see for myself that its actually there. [post 2 of 2]
4-2-2019 Intel Guru MarkZ In Iraq-I spoke with a contractor friend I know...he repairs power plants and power systems... They are very keyed up...they thought the new rate was to show on Saturday...they are waiting...lots of news on changing values and reinstatements... They have started using gold coins to pull large notes off the street...they are actively trying to get larger notes off the streets. [post 1 of 2....stay tuned]
4-2-2019 Intel Guru Frank26 [via Clare] "IT'S COMING...IT'S HAPPENING ....THIS JOURNEY INCLUDES AN END"
4-2-2019 Intel Guru RayRen98 ...UPDATE...A Parliament spokesperson is on Iraqi TV stating that the names for the remaining cabinet positions will be presented and voted on after the April 9 albeit this is a direct contradiction from Sunday's TV announcement of the cabinet selections being concluded this week. Time Will Tell...if it even matters? A World Bank representative was interviewed and stated that after the cabinet completion, the Iraqi economy will experience a remarkable recovery. That announcement in Monday's mosque session indicated something very noticeable taking place by Tuesday evening...so, wait we shall!
4-2-2019 Newshound Guru larrykn the IMF pushing them is good but we need to look at where they are at and can they rv at this time, that is the question...corruption, security, investment, are those things ready? I don't think so.
4-1-2019 Newshound/Intel Guru Mnt Goat A scientific symposium (seminar) was held entitled “delete zeros from the Iraqi dinar” This seminar was divided into three sessions: The first session: the concept of deleting zeros from the dinar. The second session: the expected results of the deletion of three zeroes from the Iraqi dinar. The third session: The experiences of some countries in the process of deleting zeros. Wow! Wow! Wow! Does this not tell you something? They just held this three-prong seminar on the project to delete the zeros. WOW!
4-1-2019 Intel Guru MarkZ I do believe we have a great week ahead…There was great progress over the weekend...lots of I’s dotted and t’s crossed...I am still extremely confident we are in the short end...We are being told we should be getting 800 numbers about Wednesday. There are expectations absolutely for this week. My person in Iraq said they did not post new rates on Saturday as we expected. But expecting new rates by Wednesday. I am hoping to get to the 100% this week...I am in a any moment mode still...I really believe its that’s close.
4-1-2019 Newshound/Intel Guru Mnt Goat They only [way?] I know that they can liberate the exchange rate of the dinar is to put in on a float. We have read many times that the CBI will NOT put the program rate of 1180 on a float. In other words, the only way to liberate it is to reinstate it and let it float on the currency exchanges. This is what the IMF was talking about. But we know that in order to do this means the CBI must also coordinate this effort with the “project to delete the zeros”. These two pieces are interconnected and can’t be separated. When will this project occur? We know it can occur anytime before, during or just after the reinstatement. So no one really knows but...when we do see the smaller category notes coming out we know the reinstatement is very close at hand, if it didn’t already happen. [post 3 of 3]
4-1-2019 Newshound/Intel Guru Mnt Goat Meantime the CBI, an independent agency, stands waiting in the wings to more ahead with the project to delete the zeros. The GOI has been holding them back. Just in recent weeks we read that parliament has passed a special bill assuring the independence of the CBI. So can the CBI go ahead without the GOI? Yes, but will they? We know the IMF also has recently told the CBI to move ahead with “freeing the exchange rate of the dinar”. The only way I know that they can do this is to liberate the dinar from the currency auctions (put in place for sanctions). [post 2 of 3....stay tuned]
4-1-2019 Newshound/Intel Guru Mnt Goat The government will not be formed or even get to a vote in parliament until qualified candidates are presented and are not within the influence or a puppet of the Iranian government. There is going to be billions of dollars at stake for these reconstruction projects and those donators want to make sure they money is secure and goes towards these projects. ...We would rather stall and hold off this effort until the right people are in place that can secure the best opportunity for success. So this is the GOI standpoint... [post 1 of 3....stay tuned]
4-1-2019 Intel Guru Jester EVERYONE IS HOPING FOR A WINDOW...THERE IS A SCENARIO THEY ARE FOLLOWING ...THEY ARE NOT GIVING US ANY WINDOWS...THEY ARE WORKING ON PEELING THE ONION NOW... IT IS A VERY TEDIOUS PROCESS...JUST HANG IN THERE...GOT SOME WAYS TO GO BUT CLOSER THAT EVER AND WORKING THE RIGHT DIRECTION FROM WHAT I AM TOLD...
4-1-2019 Newshound Guru larrykn ...I believe countries will always have IQD in reserve for people that travel to their country so they can exchange it like every other counties currency...now they will hold the larger notes for 10 yrs before only having the LD out in circulation.
4-1-2019 Intel Guru MarkZ I do believe we have a great week ahead…There was great progress over the weekend...lots of I’s dotted and t’s crossed...I am still extremely confident we are in the short end...We are being told we should be getting 800 numbers about Wednesday. There are expectations absolutely for this week. My person in Iraq said they did not post new rates on Saturday as we expected. But expecting new rates by Wednesday. I am hoping to get to the 100% this week...I am in a any moment mode still...I really believe its that’s close.
4-1-2019 Newshound/Intel Guru Mnt Goat They only [way?] I know that they can liberate the exchange rate of the dinar is to put in on a float. We have read many times that the CBI will NOT put the program rate of 1180 on a float. In other words, the only way to liberate it is to reinstate it and let it float on the currency exchanges. This is what the IMF was talking about. But we know that in order to do this means the CBI must also coordinate this effort with the “project to delete the zeros”. These two pieces are interconnected and can’t be separated. When will this project occur? We know it can occur anytime before, during or just after the reinstatement. So no one really knows but...when we do see the smaller category notes coming out we know the reinstatement is very close at hand, if it didn’t already happen. [post 3 of 3]
4-1-2019 Newshound/Intel Guru Mnt Goat Meantime the CBI, an independent agency, stands waiting in the wings to more ahead with the project to delete the zeros. The GOI has been holding them back. Just in recent weeks we read that parliament has passed a special bill assuring the independence of the CBI. So can the CBI go ahead without the GOI? Yes, but will they? We know the IMF also has recently told the CBI to move ahead with “freeing the exchange rate of the dinar”. The only way I know that they can do this is to liberate the dinar from the currency auctions (put in place for sanctions). [post 2 of 3....stay tuned]
4-1-2019 Newshound/Intel Guru Mnt Goat The government will not be formed or even get to a vote in parliament until qualified candidates are presented and are not within the influence or a puppet of the Iranian government. There is going to be billions of dollars at stake for these reconstruction projects and those donators want to make sure they money is secure and goes towards these projects. ...We would rather stall and hold off this effort until the right people are in place that can secure the best opportunity for success. So this is the GOI standpoint... [post 1 of 3....stay tuned]
4-1-2019 Intel Guru Jester EVERYONE IS HOPING FOR A WINDOW...THERE IS A SCENARIO THEY ARE FOLLOWING ...THEY ARE NOT GIVING US ANY WINDOWS...THEY ARE WORKING ON PEELING THE ONION NOW... IT IS A VERY TEDIOUS PROCESS...JUST HANG IN THERE...GOT SOME WAYS TO GO BUT CLOSER THAT EVER AND WORKING THE RIGHT DIRECTION FROM WHAT I AM TOLD...
4-1-2019 Newshound Guru larrykn ...I believe countries will always have IQD in reserve for people that travel to their country so they can exchange it like every other counties currency...now they will hold the larger notes for 10 yrs before only having the LD out in circulation.
3-31-2019 Intel Guru ADMINBILL Today is the last day of the month of March...It appears that the likelihood of a March release has diminished. Don't despair because it is processing and will begin soon.
3-31-2019 Intel Guru MarkZ [What have you heard on time limits to exchange each currency?] Heard they want us done and out in 10 days ..however 30 days will be provided is what I have been told ...
3-31-2019 Newshound Guru larrykn IMF doesn't force a country to do anything, they just suggest the way to do it so the country will come out with the rest of the world...of course if that country doesn't do what the IMF suggest then the IMF can refuse to fund that country [Im wondering if its getting to that point now that the IMF is suggesting to Iraq to add value to the dinar right now.] I think Iraq wants to do that ...but they need a suitable conditions and stability in the country first...then you will see a change in the rate...I would love to
3-31-2019 Intel Guru MarkZ [What have you heard on time limits to exchange each currency?] Heard they want us done and out in 10 days ..however 30 days will be provided is what I have been told ...
3-31-2019 Newshound Guru larrykn IMF doesn't force a country to do anything, they just suggest the way to do it so the country will come out with the rest of the world...of course if that country doesn't do what the IMF suggest then the IMF can refuse to fund that country [Im wondering if its getting to that point now that the IMF is suggesting to Iraq to add value to the dinar right now.] I think Iraq wants to do that ...but they need a suitable conditions and stability in the country first...then you will see a change in the rate...I would love to