7-14-2018 Intel Guru Frank26 IMO...WE ARE AT THE POINT WHERE EVEN...AN OPINION...IS NOW NO LONGER WISE.
7-14-2018 Newshound/Intel Guru Mnt Goat ...Iraq has completed 7 out of the 9 provinces they must perform the e-counting of ballots. The remaining 2 are expected to begin on Saturday. This is just about at the mid July mark, as I told you way back in early May and again and again in June that mid July would be the best timeframe and earliest timeframe to begin to think about any reinstatement of the dinar happening. We are not there yet and this is moving really close to this timeframe.
7-14-2018 Newshound Guru Adam Montana PM Abadi is a major component to the government, and YES - Abadi is still the Prime Minister, despite early reports that the votes were swinging against him. How long that will hold is anyone's guess right now, but for the time being he IS the acting Prime Minister, and here's what he's doing according to his Twitter feed:
8 hours ago: Abadi in Basra meeting with security commanders.
5 hours ago: Abadi meeting with Asaad Al-Idani (Basra Governor)
5 hours ago: Abadi meeting with Director-General of South Electric Distribution Company
3 hours ago: Abadi meeting with Director-General of Basra Oil Company
1 hour ago: Abadi meets with tribal/community leaders in Basra.
...There's a reason why I highlighted where Abadi was 3 hours ago...Who knows where Basra is and why it's important? I'm getting reports that HCL is closer than the recent "news" is letting on. [Twitter times are off due to posting times]
7-14-2018 Newshound Guru Breitling The price of oil went from 74 to 70 today. I might have changed. No one needs to revalue today. But they are going to have to. And that’s the language that they’re using. So very remarkable. Some very interesting stuff…90% of what Iraq makes is from oil. It’s coming down. It’s going to revalue. The market will change…Iraq is going to have to add value to their currency. Remember it’s artificially low. They want open access to their currency. That’s their goal. That’s what they want to do. And they’ll get there.
7-14-2018 Newshound/Intel Guru Mnt Goat The news now is all about the re-counting of the ballot results from the May 12th elections. ...Yes, yet another intentional act to delay the progress of the country. Why are they doing this? Many of these gurus will tell you it is orchestrated by Nori al-Maliki and his gang to stall for time, hoping to delay the results long enough so he can put together his own majority coalition. I agree with this notion but be assured it is not going to work for him and is now only backfiring on him, as the citizens will surely find out who orchestrated this fiasco in the future and who stalled the formation of the govt. This will happen when the re-counting results show no significant changes. ...So this is a very dangerous tightrope Maliki is now walking but I think he has been out maneuvered and is losing his leverage by Sadr.
7-14-2018 Newshound/Intel Guru Mnt Goat ...Iraq has completed 7 out of the 9 provinces they must perform the e-counting of ballots. The remaining 2 are expected to begin on Saturday. This is just about at the mid July mark, as I told you way back in early May and again and again in June that mid July would be the best timeframe and earliest timeframe to begin to think about any reinstatement of the dinar happening. We are not there yet and this is moving really close to this timeframe.
7-14-2018 Newshound Guru Adam Montana PM Abadi is a major component to the government, and YES - Abadi is still the Prime Minister, despite early reports that the votes were swinging against him. How long that will hold is anyone's guess right now, but for the time being he IS the acting Prime Minister, and here's what he's doing according to his Twitter feed:
8 hours ago: Abadi in Basra meeting with security commanders.
5 hours ago: Abadi meeting with Asaad Al-Idani (Basra Governor)
5 hours ago: Abadi meeting with Director-General of South Electric Distribution Company
3 hours ago: Abadi meeting with Director-General of Basra Oil Company
1 hour ago: Abadi meets with tribal/community leaders in Basra.
...There's a reason why I highlighted where Abadi was 3 hours ago...Who knows where Basra is and why it's important? I'm getting reports that HCL is closer than the recent "news" is letting on. [Twitter times are off due to posting times]
7-14-2018 Newshound Guru Breitling The price of oil went from 74 to 70 today. I might have changed. No one needs to revalue today. But they are going to have to. And that’s the language that they’re using. So very remarkable. Some very interesting stuff…90% of what Iraq makes is from oil. It’s coming down. It’s going to revalue. The market will change…Iraq is going to have to add value to their currency. Remember it’s artificially low. They want open access to their currency. That’s their goal. That’s what they want to do. And they’ll get there.
7-14-2018 Newshound/Intel Guru Mnt Goat The news now is all about the re-counting of the ballot results from the May 12th elections. ...Yes, yet another intentional act to delay the progress of the country. Why are they doing this? Many of these gurus will tell you it is orchestrated by Nori al-Maliki and his gang to stall for time, hoping to delay the results long enough so he can put together his own majority coalition. I agree with this notion but be assured it is not going to work for him and is now only backfiring on him, as the citizens will surely find out who orchestrated this fiasco in the future and who stalled the formation of the govt. This will happen when the re-counting results show no significant changes. ...So this is a very dangerous tightrope Maliki is now walking but I think he has been out maneuvered and is losing his leverage by Sadr.
7-13-2018 Intel Guru Ghost (He was seeing activity before he left Vietnam.) There’s all kinds of banking activity, just like Iraq has had all this transformation...Vietnam was a very cash based society for a very long time until the recent, probably 12 months, they went to an electronic, just like every other country in the world. And right now they have in their foreign reserves of $78 billion dollars. A lot of money for a country like Vietnam. [post 2 of 2]
7-13-2018 Intel Guru Ghost [What is your opinion about the Vietnamese Dong?] I have a missionary friend from Vietnam...about two weeks ago he visited our church. I said, “have you heard anything about the currency of Viet Nam? He said, now that you mention it as I was leaving the airport the numbers were jumping all over the place. Kind of like these numbers you see on Forex. He truly believes, IHO and IMO that we’re going to see a very, very good return on the VND. I know China wants about $1.91 for dong. Don’t think they’ll get that high. That’s the number they forecast. Somewhere between .47 and $2.00. He’s pretty good intelligence. [post 1 of 2....stay tuned]
7-13-2018 Intel Guru Frank26 Trump has been very calculating. Very, very smart with the MR of the IQD. It’s going to become his biggest tool. As the President, I think he’s going to be very successful with it.
7-13-2018 Intel Guru Ghost If you notice Trumps rally speeches...the things that impresses me the most ...is on the last two rally speeches he talked about that Iraq owes us (the USA) $7 Trillion dollars which is the number I’ve always been told since the very beginning is the number of Iraqi dinars we were given when we pulled out of Iraq. $7 Trillion! ...It’s another piece in the puzzle but I find that very ironic. [The 7 trillion, IMO, reflects what is in the UST reserves and we’re going to use it.] Exactly! I think when it comes over, in the revalued form it will be more than enough to pay off the national debt.
7-13-2018 Intel Guru Bruce Based on the information I got...we are sort of in that point of no return. In that process where the information has been given out and the process is in place to go through and complete this in a reasonable period of time for us. Now I know that was pretty vague. As far as anything else goes ...I mentioned ATMs were working. It winds up that not all ATMS were putting out lower denominations, but certain ATMS were on and were working. Now my understanding is all ATMS are working and running and putting out lower denominations in Iraq. We do know what the rate is for the dinar. I told you roughly what it was... [reference Guru Bruce post 7-11-2018]. We believe things have been put into motion that would allow the green light to go on for us. I just can’t give you an exact time frame. I am going to say we are in the process for that green light to be illuminated here very shortly for us.
7-13-2018 Newshound/Intel Guru Mnt Goat The election ends when the votes are ratified. The votes will not be ratified until after the re-counting of the ballots in suspected fraudulent polling stations throughout Iraq. So they just told us that on Thursday [7-2-2018] they will begin the last 2 remaining provinces. This is what we wait for. I truly believe that when this is finally all sorted out and they are done making a public spectacle of his recounting show for all to see that democracy is working in Iraq, that the CBI will act upon the project to delete the zeros and bring this to conclusion. Tick Tock, Tick Tock we are on a clock! [post 2 of 2]
7-13-2018 Newshound/Intel Guru Mnt Goat ...Remember that we know that everything from the CBI standpoint if already completed and all they need is a “suitable environment” to continue with the “project to delete the zeros”. They told us there was FRAUD and MANIPULATION that prevented the project from moving forward. We know this is in dealing with the currency auctions and involved almost 1/3 of the parliament members and their banking and money laundering schemes. So it seems logical that if we want to know where the CBI now stands on the RV, why not look at what is going on to rectify these issues. ...Many of these culprits will lose their immunity and thus can be served their arrest warrant on charges of corruption, but only after the election. [post 1 of 2....stay tuned]
7-13-2018 Newshound Guru Adam Montana [What do you think is holding up the HCL?] HCL at this time - it's completely political. Everything I discussed...is directly related to the delay on the HCL, and that's coming to an end quickly. [reference Adam Montana post 7-12-2018 below] I'm excited to see this chapter conclude and see some HCL news in the coming weeks. Can't be far off now!
7-13-2018 Intel Guru Blaino [via Doug_W] GETTING INTERESTING SIGNALS & CONFIRMATIONS TODAY AND LAST EVENING! THEY "COULD BE" ABOUT TO WRAP THIS UP!
7-13-2018 Intel Guru Ghost [What is your opinion about the Vietnamese Dong?] I have a missionary friend from Vietnam...about two weeks ago he visited our church. I said, “have you heard anything about the currency of Viet Nam? He said, now that you mention it as I was leaving the airport the numbers were jumping all over the place. Kind of like these numbers you see on Forex. He truly believes, IHO and IMO that we’re going to see a very, very good return on the VND. I know China wants about $1.91 for dong. Don’t think they’ll get that high. That’s the number they forecast. Somewhere between .47 and $2.00. He’s pretty good intelligence. [post 1 of 2....stay tuned]
7-13-2018 Intel Guru Frank26 Trump has been very calculating. Very, very smart with the MR of the IQD. It’s going to become his biggest tool. As the President, I think he’s going to be very successful with it.
7-13-2018 Intel Guru Ghost If you notice Trumps rally speeches...the things that impresses me the most ...is on the last two rally speeches he talked about that Iraq owes us (the USA) $7 Trillion dollars which is the number I’ve always been told since the very beginning is the number of Iraqi dinars we were given when we pulled out of Iraq. $7 Trillion! ...It’s another piece in the puzzle but I find that very ironic. [The 7 trillion, IMO, reflects what is in the UST reserves and we’re going to use it.] Exactly! I think when it comes over, in the revalued form it will be more than enough to pay off the national debt.
7-13-2018 Intel Guru Bruce Based on the information I got...we are sort of in that point of no return. In that process where the information has been given out and the process is in place to go through and complete this in a reasonable period of time for us. Now I know that was pretty vague. As far as anything else goes ...I mentioned ATMs were working. It winds up that not all ATMS were putting out lower denominations, but certain ATMS were on and were working. Now my understanding is all ATMS are working and running and putting out lower denominations in Iraq. We do know what the rate is for the dinar. I told you roughly what it was... [reference Guru Bruce post 7-11-2018]. We believe things have been put into motion that would allow the green light to go on for us. I just can’t give you an exact time frame. I am going to say we are in the process for that green light to be illuminated here very shortly for us.
7-13-2018 Newshound/Intel Guru Mnt Goat The election ends when the votes are ratified. The votes will not be ratified until after the re-counting of the ballots in suspected fraudulent polling stations throughout Iraq. So they just told us that on Thursday [7-2-2018] they will begin the last 2 remaining provinces. This is what we wait for. I truly believe that when this is finally all sorted out and they are done making a public spectacle of his recounting show for all to see that democracy is working in Iraq, that the CBI will act upon the project to delete the zeros and bring this to conclusion. Tick Tock, Tick Tock we are on a clock! [post 2 of 2]
7-13-2018 Newshound/Intel Guru Mnt Goat ...Remember that we know that everything from the CBI standpoint if already completed and all they need is a “suitable environment” to continue with the “project to delete the zeros”. They told us there was FRAUD and MANIPULATION that prevented the project from moving forward. We know this is in dealing with the currency auctions and involved almost 1/3 of the parliament members and their banking and money laundering schemes. So it seems logical that if we want to know where the CBI now stands on the RV, why not look at what is going on to rectify these issues. ...Many of these culprits will lose their immunity and thus can be served their arrest warrant on charges of corruption, but only after the election. [post 1 of 2....stay tuned]
7-13-2018 Newshound Guru Adam Montana [What do you think is holding up the HCL?] HCL at this time - it's completely political. Everything I discussed...is directly related to the delay on the HCL, and that's coming to an end quickly. [reference Adam Montana post 7-12-2018 below] I'm excited to see this chapter conclude and see some HCL news in the coming weeks. Can't be far off now!
7-13-2018 Intel Guru Blaino [via Doug_W] GETTING INTERESTING SIGNALS & CONFIRMATIONS TODAY AND LAST EVENING! THEY "COULD BE" ABOUT TO WRAP THIS UP!
7-12-2018 Intel Guru Ghost [New Guru - Lieutenant Colonel - 4 tours of Iraq] I got a piece of information today, that I’ve been told, could still be rumor IMO, but I believe President Trump will be in Iraq on Friday. My strongest opinion, I think Trump will be in that entourage. Pompeo is already over in the ME, right now and I think he’s going to be part of it as well as our President. And I think Donald Trump is trying to put this together for all of us. To make sure we are protected in it and secure and he wants to make America wealthy again and I think this is part of it. ...My opinion. That’s what I believe.
7-12-2018 Newshound/Intel Guru BGG Article "The state of law reveals the fact that it presented “concessions to Barzani” to collect a third term for the owners" Quote: "Revealed a coalition of state law, led by Nuri al-Maliki, on Tuesday (July 10, 2018), the fact that he made concessions to the President of the Kurdistan region of former Massoud Barzani, during the visit to Erbil, last Saturday." This is an interesting article. My take? The Maliki spin machine is in OVER-DRIVE these days. This time leading up to the final announcement of the Iraqi GOI is the whole game.
7-12-2018 Intel Guru Frank26 Compression of time. They are moving extremely fast. WS [Guru Walkingstick] told me, “we are on the cusp of of this happening".
7-12-2018 Intel Guru Bruce We know Abadi has been officially welcomed as Prime Minister of Iraq again. It was a little bit of back and forth on that, but we knew that he was going to be the Prime Minister and it is official. Has the rate been put out publicly? May be not yet. I don’t think we are going to see a public rate on the dinar until we go and start. It is already on the screens.
7-12-2018 Intel Guru Ghost [New Guru - Lieutenant Colonel - 4 tours of Iraq] He [Dr. Shabibi] and Alak I think, talk on a monthly basis... in my strongest opinion I think Alak and Shabibi have a lot of conversations that are off the radar. ...There is a defense contractor I know who has an equal number of employees. He was paying his employees and it progressively went upward. 1:1; 2:1; 3:1 and even 4:1. I think that just parallels what [Guru] Walkingstick said and confirms what WS says. A second set of books will be revealed very soon. Very, very tight window.
7-12-2018 Newshound Guru Adam Montana Quotes: "While the member of the Council of the leadership of the Patriotic Union of Kurdistan, Areez Abdullah, that "the Patriotic Union of Kurdistan and the Kurdistan Democratic Party have agreed on a semi-final to declare their alliance immediately after the ratification of the election results." "The new Kurdistan Alliance will strengthen the bargaining power of the Kurdistan region with the political blocs in Baghdad to form the largest coalition and the next government," adding that "the share of the two parties in government positions and determine the personality of the President of the Republic will be subject to dialogues between the two sides in consultation with other Kurdish parties ". Given that lack of turmoil, coupled with the above quoted sentences, that gives me confidence that the Kurdish side is going to emerge as very confident in their position, the GOI in general is going to be moving in short order, and some of these HCL rumors I'm hearing are going to be surfacing. That means we're getting close to a real window of opportunity! Stay grounded, because the next couple weeks might just surprise a lot of us. [post 2 of 2]
7-12-2018 Newshound Guru Adam Montana Here's where my thought process is going, and I am getting more confident in this on a daily basis. Iraq is stillll going over election results from what seems to be ages ago... this is no different than most other election years, except this time there seems to be a LOT less drama, accusations, etc. Sure, there is still a bit of finger pointing... but this is NOTHING like what we've seen in the past. One example that stands out very brightly is the first Maliki vs Abadi race. There was basically kicking and screaming about those results! But at the end of the day, it all cleared up and we were left with Abadi for a few years. IMO that was a great thing! Now...it is being announced that we're maybe a couple weeks from a true resolution and seating of both sides, and despite what would have historically been a time of extreme uncertainty, that's not what I'm seeing and hearing. Quite the opposite, in fact. [post 1 of 2....stay tuned]
7-12-2018 Newshound/Intel Guru BGG Article "The state of law reveals the fact that it presented “concessions to Barzani” to collect a third term for the owners" Quote: "Revealed a coalition of state law, led by Nuri al-Maliki, on Tuesday (July 10, 2018), the fact that he made concessions to the President of the Kurdistan region of former Massoud Barzani, during the visit to Erbil, last Saturday." This is an interesting article. My take? The Maliki spin machine is in OVER-DRIVE these days. This time leading up to the final announcement of the Iraqi GOI is the whole game.
7-12-2018 Intel Guru Frank26 Compression of time. They are moving extremely fast. WS [Guru Walkingstick] told me, “we are on the cusp of of this happening".
7-12-2018 Intel Guru Bruce We know Abadi has been officially welcomed as Prime Minister of Iraq again. It was a little bit of back and forth on that, but we knew that he was going to be the Prime Minister and it is official. Has the rate been put out publicly? May be not yet. I don’t think we are going to see a public rate on the dinar until we go and start. It is already on the screens.
7-12-2018 Intel Guru Ghost [New Guru - Lieutenant Colonel - 4 tours of Iraq] He [Dr. Shabibi] and Alak I think, talk on a monthly basis... in my strongest opinion I think Alak and Shabibi have a lot of conversations that are off the radar. ...There is a defense contractor I know who has an equal number of employees. He was paying his employees and it progressively went upward. 1:1; 2:1; 3:1 and even 4:1. I think that just parallels what [Guru] Walkingstick said and confirms what WS says. A second set of books will be revealed very soon. Very, very tight window.
7-12-2018 Newshound Guru Adam Montana Quotes: "While the member of the Council of the leadership of the Patriotic Union of Kurdistan, Areez Abdullah, that "the Patriotic Union of Kurdistan and the Kurdistan Democratic Party have agreed on a semi-final to declare their alliance immediately after the ratification of the election results." "The new Kurdistan Alliance will strengthen the bargaining power of the Kurdistan region with the political blocs in Baghdad to form the largest coalition and the next government," adding that "the share of the two parties in government positions and determine the personality of the President of the Republic will be subject to dialogues between the two sides in consultation with other Kurdish parties ". Given that lack of turmoil, coupled with the above quoted sentences, that gives me confidence that the Kurdish side is going to emerge as very confident in their position, the GOI in general is going to be moving in short order, and some of these HCL rumors I'm hearing are going to be surfacing. That means we're getting close to a real window of opportunity! Stay grounded, because the next couple weeks might just surprise a lot of us. [post 2 of 2]
7-12-2018 Newshound Guru Adam Montana Here's where my thought process is going, and I am getting more confident in this on a daily basis. Iraq is stillll going over election results from what seems to be ages ago... this is no different than most other election years, except this time there seems to be a LOT less drama, accusations, etc. Sure, there is still a bit of finger pointing... but this is NOTHING like what we've seen in the past. One example that stands out very brightly is the first Maliki vs Abadi race. There was basically kicking and screaming about those results! But at the end of the day, it all cleared up and we were left with Abadi for a few years. IMO that was a great thing! Now...it is being announced that we're maybe a couple weeks from a true resolution and seating of both sides, and despite what would have historically been a time of extreme uncertainty, that's not what I'm seeing and hearing. Quite the opposite, in fact. [post 1 of 2....stay tuned]
7-11-2018 Intel Guru Bruce What is interesting is that we know that Dr. Shabbi who was head of the CBI back in the day when he spoken to the US Chamber of Congress, I believe it was 2012. He said when he was asked by someone in the audience what the rate of the dinar could support. He said the Iraqi dinar could support over $16. Even though we are not there yet, I think the dinar will get traded as a gold back currency up to that point and maybe beyond. Are you going to hold it long enough for that to happen? I don’t know that I would. I am just saying that there will be movement.
7-11-2018 Intel Guru Ghost ...Malaki...basically raped the country of everything. He marked up the dollar so merchants couldn’t get any money. He made sure the program rate was very, very low. He was adamant about stealing from the people... I’ve heard as soon as this election comes to pass he will be in shackles and very quickly. ...Yes and the irony of it is as the partially convertible currency turns to the IR, we RV, we can see upward of $4 - $7 per dinar...$4.25 to $7.70. I have sources that have told me that. They are unconfirmed at this point. Feel so strongly IMO! [post 2 of 2]
7-11-2018 Intel Guru Ghost [New Guru - Lieutenant Colonel - 4 tours of Iraq] [via sunny] When Obama pulled us out is when ISIL took over. I don’t think we’ve come full circle yet...When you get news from Iraq, Remember Malaki owns more than ½ the newspapers and radio outlets, that broadcast the news. When you see the news coming out of Iraq sometimes it’s totally tainted. There is only one reliable newspaper over there, “The Baghdad Post.” He doesn’t own that one. The rest of them are completely fake news. Completely! All kinds of stuff about Sadr; All the election stuff – it’s all under control. ... I do still have a lot of high level Washington contacts, contacts in Baghdad and a good grasp of the situation because of the position I had. I still have quite a lot of friends that were over there with me that know exactly what’s going on in these investments. [post 1 of 2....stay tuned]
7-11-2018 Intel Guru Bruce There is sort of a quiet out there right now, but we are able to glean some information from what we are hearing. ...we talked about Iraq until we are blue in the face. Iraq is in a situation where their ATMs we confirmed were being used with the lower denominations coming out. We did confirm the Iraqi dinar has a rate between $6 and $7 on the front screens. ...There is activity that is going on that is new...We also confirmed that there has been a number of cities in the United States and Canada that have done exchanges for their Iraqi dual citizens starting yesterday [Monday] morning. We got that confirmed. That was first hand situations there. It is something that has not happened before...It was starting yesterday morning.
7-11-2018 Intel Guru Frank26 HANNITY ANNOUNCED (Tuesday Night) ON TV THAT PRESIDENT TRUMP WILL MEET ABADI IN BRUSSELS. ABADI HAS A SPEECH ON IRAQ AND TERRORISM. IMO...BAGHDAD IS TOO VOLATILE FOR T TO GO THERE JUST YET.
7-11-2018 Newshound/Intel Guru Mnt Goat Article: "The Electoral Commission announced on Sunday the start of the process of re-counting and manual sorting in Baghdad on Monday for six provinces." ...they are transferring the ballots from these provinces and doing a public re-count due to fear and threats of interference by the parties of power in the re-counting process... ...So this is the good news today. They could potentially be completed in a couple weeks with this process if they put more staff on it. I think pressure from the USA is going to move this ahead much quicker than originally expected.
7-11-2018 Intel Guru Ghost ...Malaki...basically raped the country of everything. He marked up the dollar so merchants couldn’t get any money. He made sure the program rate was very, very low. He was adamant about stealing from the people... I’ve heard as soon as this election comes to pass he will be in shackles and very quickly. ...Yes and the irony of it is as the partially convertible currency turns to the IR, we RV, we can see upward of $4 - $7 per dinar...$4.25 to $7.70. I have sources that have told me that. They are unconfirmed at this point. Feel so strongly IMO! [post 2 of 2]
7-11-2018 Intel Guru Ghost [New Guru - Lieutenant Colonel - 4 tours of Iraq] [via sunny] When Obama pulled us out is when ISIL took over. I don’t think we’ve come full circle yet...When you get news from Iraq, Remember Malaki owns more than ½ the newspapers and radio outlets, that broadcast the news. When you see the news coming out of Iraq sometimes it’s totally tainted. There is only one reliable newspaper over there, “The Baghdad Post.” He doesn’t own that one. The rest of them are completely fake news. Completely! All kinds of stuff about Sadr; All the election stuff – it’s all under control. ... I do still have a lot of high level Washington contacts, contacts in Baghdad and a good grasp of the situation because of the position I had. I still have quite a lot of friends that were over there with me that know exactly what’s going on in these investments. [post 1 of 2....stay tuned]
7-11-2018 Intel Guru Bruce There is sort of a quiet out there right now, but we are able to glean some information from what we are hearing. ...we talked about Iraq until we are blue in the face. Iraq is in a situation where their ATMs we confirmed were being used with the lower denominations coming out. We did confirm the Iraqi dinar has a rate between $6 and $7 on the front screens. ...There is activity that is going on that is new...We also confirmed that there has been a number of cities in the United States and Canada that have done exchanges for their Iraqi dual citizens starting yesterday [Monday] morning. We got that confirmed. That was first hand situations there. It is something that has not happened before...It was starting yesterday morning.
7-11-2018 Intel Guru Frank26 HANNITY ANNOUNCED (Tuesday Night) ON TV THAT PRESIDENT TRUMP WILL MEET ABADI IN BRUSSELS. ABADI HAS A SPEECH ON IRAQ AND TERRORISM. IMO...BAGHDAD IS TOO VOLATILE FOR T TO GO THERE JUST YET.
7-11-2018 Newshound/Intel Guru Mnt Goat Article: "The Electoral Commission announced on Sunday the start of the process of re-counting and manual sorting in Baghdad on Monday for six provinces." ...they are transferring the ballots from these provinces and doing a public re-count due to fear and threats of interference by the parties of power in the re-counting process... ...So this is the good news today. They could potentially be completed in a couple weeks with this process if they put more staff on it. I think pressure from the USA is going to move this ahead much quicker than originally expected.
7-10-2018 Intel Guru Ghost [New Guru - Lieutenant Colonel - 4 tours of Iraq] Our blessing was to go down in 2010, but because of security and stability reasons it hasn't been able to. But, all of the pieces of the puzzle are coming together. I do believe that with all of my heart. We actually have some intelligence today that is going to push our blessing to the next level.
7-10-2018 Newshound/Intel Guru Mnt Goat
We DO know the reinstatement of the dinar MUST happen someday very, very soon;
We DO know how they intend to do it;
We DO even know (or can come very close to) the expected new anchor rate once they move from the de facto peg to the new SDR peg;
We DO know the dinar will be on a MANAGED FLOAT once on FOREX;
We DO know the new dinar categories will “coincide” with the large 3 zero notes for up to 10 years (meaning no LOP);
We DO know the banks have been notified of these upcoming exchanges and are preparing for us;
We DO know that our prize is the IRAQI dinar and not the ZIM, Rial or any others of this notion of a GCR or other currency scams;
We DO know the impact this will have on the Iraqi economy and the world;
We DON’T know the exact timing!
7-10-2018 Newshound Guru Mnt Goat So what do we look for once the Electoral Commission says all the re-counting is completed? 1.The Judicial must ratify the election results as completed (re-count of the ballots completed and certified by the Judiciary) looks like not until around end of July, as best. 2.seating the three presidents – new prime minister, speaker of the house and the ceremonial president and his three vice presidents. 3. sense of political stability in Iraq. 4.maintained security with the region. Note: I do not believe that the prime minister needs to seat his entire cabinet of ministers at this time for the RV...
7-10-2018 Newshound Guru Don961 Article: "Learn about the security features of the world's most highly traded currency" Now why do you suppose an Iraqi news site would post an article about currencies that are highly traded in the world?? ... Showing their security features ... Just a random thing?? ... Or on purpose?? ... To educate?? ... IMO.
7-10-2018 Newshound/Intel Guru Mnt Goat
We DO know the reinstatement of the dinar MUST happen someday very, very soon;
We DO know how they intend to do it;
We DO even know (or can come very close to) the expected new anchor rate once they move from the de facto peg to the new SDR peg;
We DO know the dinar will be on a MANAGED FLOAT once on FOREX;
We DO know the new dinar categories will “coincide” with the large 3 zero notes for up to 10 years (meaning no LOP);
We DO know the banks have been notified of these upcoming exchanges and are preparing for us;
We DO know that our prize is the IRAQI dinar and not the ZIM, Rial or any others of this notion of a GCR or other currency scams;
We DO know the impact this will have on the Iraqi economy and the world;
We DON’T know the exact timing!
7-10-2018 Newshound Guru Mnt Goat So what do we look for once the Electoral Commission says all the re-counting is completed? 1.The Judicial must ratify the election results as completed (re-count of the ballots completed and certified by the Judiciary) looks like not until around end of July, as best. 2.seating the three presidents – new prime minister, speaker of the house and the ceremonial president and his three vice presidents. 3. sense of political stability in Iraq. 4.maintained security with the region. Note: I do not believe that the prime minister needs to seat his entire cabinet of ministers at this time for the RV...
7-10-2018 Newshound Guru Don961 Article: "Learn about the security features of the world's most highly traded currency" Now why do you suppose an Iraqi news site would post an article about currencies that are highly traded in the world?? ... Showing their security features ... Just a random thing?? ... Or on purpose?? ... To educate?? ... IMO.
7-9-2018 Intel Guru RayRen98 Quote: "They put out a special edition of the Gazette on Saturday. In the special edition of the Gazette on Saturday it said: "CBI will be making a big announcement coming soon!" I thought we were sitting on that information. We didn't' know what the announcement was going to be about.
7-9-2018 Newshound/Intel Guru tman23 If you read on the NK won currency and rate, the rate was once decided by the birthdate of the leader of North Korea... That being said 4/25 is Abadi's birthdate $4.25 and Trump is 6/14 $6.14...So since many claim it is Abadi or no it is Trump... PICK YOU A RATE...LOL. [reference Guru tman23 post 7-8-2018]
7-9-2018 Newshound Guru Mnt Goat But remember too that a special envoy of US President Donald Trump, Brit McKurk, is meeting with political party leaders as of Friday to draw up the roadmap for the country and move towards the process of electoral fraud witnessed by the electoral process in the country and “ACCELERATE THE FORMATION OF THE NEXT GOVERNMENT AT AN EARLIER DATE... In other words this is our best possible timeframe when we could expect to see something promising. ...Maybe McKurk will have some good suggestions. But until then I would certainly not hold my breath to see the RV any sooner... [post 3 of 3]
7-9-2018 Newshound Guru Mnt Goat Am I telling you it will RV even then? No! But evidence is pointing towards a reinstatement of the dinar and the completion of the “project to delete the zeros” but not until at least after this timeframe. So, this timeline is benchmark and very important to us. Can some other event creep up by putting a delay even further? Yes...I am telling you we don’t want these new sanctions put on Iran to spill over into Iraq and effect the stability of Iraq. [post 2 of 3....stay tuned]
7-9-2018 Newshound Guru Mnt Goat ...still no RV either inside Iraq or outside. This month of July and August may be significant months for us, if all goes well with the recounting. Since the re-counting is scheduled to begin in the second province on Monday and there are 6 more provinces to go, I can say without a shadow of a doubt that it will not be completed by mid-July and maybe even have to wait until sometime in August. ...That is, if no more tricks or snags by Maliki and his goons. So, went can we expect the re-counting to be completed? ...This brings us to about August 21st “IF” they follow this same pattern, but we are seeing they are not and speeding this process up with pressure from the USA. This is the good news today. So, this could potentially be all completed within a couple weeks by end of July is my best guess... [post 1 of 3....stay tuned]
7-9-2018 Newshound/Intel Guru tman23 If you read on the NK won currency and rate, the rate was once decided by the birthdate of the leader of North Korea... That being said 4/25 is Abadi's birthdate $4.25 and Trump is 6/14 $6.14...So since many claim it is Abadi or no it is Trump... PICK YOU A RATE...LOL. [reference Guru tman23 post 7-8-2018]
7-9-2018 Newshound Guru Mnt Goat But remember too that a special envoy of US President Donald Trump, Brit McKurk, is meeting with political party leaders as of Friday to draw up the roadmap for the country and move towards the process of electoral fraud witnessed by the electoral process in the country and “ACCELERATE THE FORMATION OF THE NEXT GOVERNMENT AT AN EARLIER DATE... In other words this is our best possible timeframe when we could expect to see something promising. ...Maybe McKurk will have some good suggestions. But until then I would certainly not hold my breath to see the RV any sooner... [post 3 of 3]
7-9-2018 Newshound Guru Mnt Goat Am I telling you it will RV even then? No! But evidence is pointing towards a reinstatement of the dinar and the completion of the “project to delete the zeros” but not until at least after this timeframe. So, this timeline is benchmark and very important to us. Can some other event creep up by putting a delay even further? Yes...I am telling you we don’t want these new sanctions put on Iran to spill over into Iraq and effect the stability of Iraq. [post 2 of 3....stay tuned]
7-9-2018 Newshound Guru Mnt Goat ...still no RV either inside Iraq or outside. This month of July and August may be significant months for us, if all goes well with the recounting. Since the re-counting is scheduled to begin in the second province on Monday and there are 6 more provinces to go, I can say without a shadow of a doubt that it will not be completed by mid-July and maybe even have to wait until sometime in August. ...That is, if no more tricks or snags by Maliki and his goons. So, went can we expect the re-counting to be completed? ...This brings us to about August 21st “IF” they follow this same pattern, but we are seeing they are not and speeding this process up with pressure from the USA. This is the good news today. So, this could potentially be all completed within a couple weeks by end of July is my best guess... [post 1 of 3....stay tuned]
7-8-2018 Newshound/Intel Guru Mnt Goat Article: "MONETARY POLICY .. FIXED RATE OR PARTLY FLOATING?" So I have to ask this - does Iraq fit any ...criterion to go to a “full float” or even a “creeping or partial float”? If it does not then why would they want to move the currency to FOREX and put it on a float, according to t his article? The answer is they would not, according to this article. But ... there is so much more that this article is explaining as to lingering flock of investors and the need for Iraq to bring in loads of investment money into Iraq. This means an international currency (no way around it) and so why make all these changes to banking and financial reforms and bring upto international standards, if they did not intend to go international and on FOREX?
7-8-2018 Newshound/Intel Guru tman23 Rate will be 4.25 or 6.14 and have a worthy piece of history in print which leads me to such a possibility.
7-8-2018 Newshound/Intel Guru Mnt Goat Sadr has these corrupted politicians worried and shaking in their boots over the charges of corruption. He is coming for them… We read also today that in fact, if Sadr has his way, Nori al-Maliki is going to be one of them. I can assure you prosecuting Maliki may bring some unrest at first, but in the long run it will bring so much order and peace to Iraq. It is well worth the risk. But first they must settle the election results and make sure he does not “bargain” his way into yet another govt position to protect his immunity again as he did in 2014. As far as I know...he has no bargaining power. But as long as they keep this re-counting of ballots charade going, this will buy him time to come up with something. I fully believe this is the real culprit behind these recounting shenanigans they are playing.
7-8-2018 Newshound/Intel Guru tman23 Rate will be 4.25 or 6.14 and have a worthy piece of history in print which leads me to such a possibility.
7-8-2018 Newshound/Intel Guru Mnt Goat Sadr has these corrupted politicians worried and shaking in their boots over the charges of corruption. He is coming for them… We read also today that in fact, if Sadr has his way, Nori al-Maliki is going to be one of them. I can assure you prosecuting Maliki may bring some unrest at first, but in the long run it will bring so much order and peace to Iraq. It is well worth the risk. But first they must settle the election results and make sure he does not “bargain” his way into yet another govt position to protect his immunity again as he did in 2014. As far as I know...he has no bargaining power. But as long as they keep this re-counting of ballots charade going, this will buy him time to come up with something. I fully believe this is the real culprit behind these recounting shenanigans they are playing.
7-7-2018 Intel Guru RayRen98 Surprise Surprise. Look at what’s happening in Iraq. On tv next Friday arrival of president trump representative to name the prime minister officially and express the goodwill of the American way for Iraq.
7-7-2018 Newshound Guru ChrisC Article: “Iran aims to conclude monetary agreements with three countries including Iraq” Quote: "The governor of the Central Bank of Iran, Aliullah Saif, announced Saturday (July 7, 2018) that the bank will continue to conclude monetary agreements with Iraq, Russia and Azerbaijan to deal with national currencies." I kept waiting to see if anybody would comment on this. It seems this is one of the clearest of the day that Iraq has an international currency. Why would Iran want a "national" currency that they couldn't do anything with?
7-7-2018 Intel Guru RayRen98 The CBI is supporting mandatory training for private banks during the next four days. With Kirkuk completed, the manual counting for the last 6 provinces was announced today by the counting commission. US Banks have a heightened awareness today, they think "something" is stirring, but time will tell.
7-7-2018 Newshound/Intel Guru tman23 I keep reading where Gurus claim the only source to make a change to the IQD is the CBI and the only approval needed is the IMF to article VIII...My questions is if this is true... Remember the Pottery Barn rule You break it you buy it? We broke it it and we bought it!! If what Gurus say is correct then how did IQD get 3 zeros on it? Am I to assume the CBI made the decision along with the IMF? Go back and do some research where years ago debates/ discussions that included Paul Ryan (current speaker of the house) were deciding what CURRENCY Iraq should use... That was determined in and by OUR GOVERNMENT... and I believe without doubt it takes OUR GOVERNMENT approval on when Iraq moves forward with lifting 3 zeros and the currency is traded on international levels.
7-7-2018 Newshound/Intel Guru Mnt Goat The govt does not trigger the RV. The reinstatement is the responsibility of the CBI and no one else...
7-7-2018 Newshound Guru ChrisC Article: “Iran aims to conclude monetary agreements with three countries including Iraq” Quote: "The governor of the Central Bank of Iran, Aliullah Saif, announced Saturday (July 7, 2018) that the bank will continue to conclude monetary agreements with Iraq, Russia and Azerbaijan to deal with national currencies." I kept waiting to see if anybody would comment on this. It seems this is one of the clearest of the day that Iraq has an international currency. Why would Iran want a "national" currency that they couldn't do anything with?
7-7-2018 Intel Guru RayRen98 The CBI is supporting mandatory training for private banks during the next four days. With Kirkuk completed, the manual counting for the last 6 provinces was announced today by the counting commission. US Banks have a heightened awareness today, they think "something" is stirring, but time will tell.
7-7-2018 Newshound/Intel Guru tman23 I keep reading where Gurus claim the only source to make a change to the IQD is the CBI and the only approval needed is the IMF to article VIII...My questions is if this is true... Remember the Pottery Barn rule You break it you buy it? We broke it it and we bought it!! If what Gurus say is correct then how did IQD get 3 zeros on it? Am I to assume the CBI made the decision along with the IMF? Go back and do some research where years ago debates/ discussions that included Paul Ryan (current speaker of the house) were deciding what CURRENCY Iraq should use... That was determined in and by OUR GOVERNMENT... and I believe without doubt it takes OUR GOVERNMENT approval on when Iraq moves forward with lifting 3 zeros and the currency is traded on international levels.
7-7-2018 Newshound/Intel Guru Mnt Goat The govt does not trigger the RV. The reinstatement is the responsibility of the CBI and no one else...
7-6-2018 Newshound/Intel Guru Mnt Goat They need to see the announcement of the new PM and not just hear about possibilities and agreements. They need to see all the three new presidents in place including the three deputy presidents (or ceremonial vice presidents). The IMF (USA) needs to see the formation of at least this part of the govt for their stability. ...I also want to reiterate that this entire re-counting process sounds very, very fishy to me. In the future we will know the truth behind it all. ...I can’t help but see a stalling tactic for something else and just using this re-counting as the legal excuse. [post 2 of 2]
7-6-2018 Newshound/Intel Guru Mnt Goat We are now in a waiting mode while the re-counting of the ballots takes place. We are now getting contradictory articles on the progress of the counting in the Kirkuk region on day 3. We know that there are still 6 other provinces to recount that have has election fraud and manipulation. ...So the outer most date for completion of the recount seems to be about mid-July but we know Iraq never does anything on time. I would not expect even a remote possibility of the reinstatement happening until the CBI learns that “political stability” is obtained. How do they define stability... [post 1 of 2....stay tuned]
7-6-2018 Newshound/Intel Guru BGG Article: "Political: Abadi received the green light for the second term" Quote: "The political analyst Hazem al-Bawi said Friday that Washington violated the security agreement with Baghdad after the establishment of the secret location of the artillery base in the west of the country, noting that the silence of the government in respect of this violation may be behind the green light of an American granting Abadi a second term." My thinking – this is political jibberish put out by Maliki, etc, etc. Someone is trying to put a wedge between Abadi and Sadr. This looming political bloc is too big for the bad actors to overcome. They are trying to get it to not happen. This is classic Maliki. He counts on the inherent inability of Iraqi politicians to get along… so, get everyone arguing with one another and thrive in the chaos.
7-6-2018 Intel Guru Bruce I know this has been kind of a tough ride...even though I believe we are very close, and I got information...to indicate we are very close, but we have to and I call it backwards Plan A and Plan B. Plan A is where we are right now...Plan B which B stands for Blessing...that is what we need to have as our fallback position if you will. That is going to happen, but it will happen when it happens. We can’t make it happen. Be not dismayed. This thing is right around the corner.
7-6-2018 Newshound Guru Kaperoni Crazy...nonsense...blaming the so called "delay" on President Trump... Currency reform is part of the transition to Article VIII and when that occurs it'll be a decision between the IMF in [and?] the CBI nobody else.
7-6-2018 Newshound/Intel Guru Mnt Goat We are now in a waiting mode while the re-counting of the ballots takes place. We are now getting contradictory articles on the progress of the counting in the Kirkuk region on day 3. We know that there are still 6 other provinces to recount that have has election fraud and manipulation. ...So the outer most date for completion of the recount seems to be about mid-July but we know Iraq never does anything on time. I would not expect even a remote possibility of the reinstatement happening until the CBI learns that “political stability” is obtained. How do they define stability... [post 1 of 2....stay tuned]
7-6-2018 Newshound/Intel Guru BGG Article: "Political: Abadi received the green light for the second term" Quote: "The political analyst Hazem al-Bawi said Friday that Washington violated the security agreement with Baghdad after the establishment of the secret location of the artillery base in the west of the country, noting that the silence of the government in respect of this violation may be behind the green light of an American granting Abadi a second term." My thinking – this is political jibberish put out by Maliki, etc, etc. Someone is trying to put a wedge between Abadi and Sadr. This looming political bloc is too big for the bad actors to overcome. They are trying to get it to not happen. This is classic Maliki. He counts on the inherent inability of Iraqi politicians to get along… so, get everyone arguing with one another and thrive in the chaos.
7-6-2018 Intel Guru Bruce I know this has been kind of a tough ride...even though I believe we are very close, and I got information...to indicate we are very close, but we have to and I call it backwards Plan A and Plan B. Plan A is where we are right now...Plan B which B stands for Blessing...that is what we need to have as our fallback position if you will. That is going to happen, but it will happen when it happens. We can’t make it happen. Be not dismayed. This thing is right around the corner.
7-6-2018 Newshound Guru Kaperoni Crazy...nonsense...blaming the so called "delay" on President Trump... Currency reform is part of the transition to Article VIII and when that occurs it'll be a decision between the IMF in [and?] the CBI nobody else.
7-5-2018 Newshound Guru Breitling ...That’s all we’re looking at. That will open up the door for the value of the dinar, to start adding value to their currency. They are going to have to do it. As the prices go down they are going to go broke because they are not vested in other countries and other entities or anything like that. Right now it’s still 90% oil…This is my opinion…They don’t need to wait for the price of oil to go down…they need to do it while the price of oil is still pretty high. What that number is? I don’t know…We’ll see if they do it. That’s what they plan on doing. That’s the conversation going on in Iraq. Nothing negative has come out of Iraq. It’s all been positive…we’re on the line here. [Post 2 of 2]
7-5-2018 Newshound/Intel Guru Mnt Goat Article: "SADR ASKED WHEN WILL IRAQ’S CURRENCY IN THE RANKS OF MAJOR CURRENCIES" Quote: "when the Iraqi economy flourishes and ITS CURRENCY IN THE RANKS OF MAJOR CURRENCIES." Sadr is talking about the reinstatement of the dinar…WOW!
7-5-2018 Newshound Guru Kaperoni The fact is there is no RV or RI...it's just not how monetary policy works for emerging-market countries. I expected some point soon this year that the CBI will accept Article VIII and at the same time move off the peg and begin to float their currency. This is a necessary step to invite investment and counter inflationary pressure created from that investment. An article today came out from a member of the finance committee indicating that Iraq has about 33 to 36 trillion dinars in circulation. If true that is a good sign that the money supply has been reduced at least some.
7-5-2018 Newshound/Intel Guru Mnt Goat Quote: "THE USNs HAS BEEN APPROVED BY PRESIDENT TRUMP AND THIS WAS HOLDING BACK THE RV" ...the “USN” designation is merely a code meaning (next day) transfer of US Dollar funds USD indicating how the funds are to be used. According to UN/CEFACT recommendation 9, paragraphs 8-9 (ECE/TRADE/203, 1996, it is used for inter-banking transactions. It does NOT mean “new” US currency. ...“USN” is NOT a designation for a new currency coming out to replace the USD old currency that you now have. It is not GOLD backed. I quote from the [forex] site: “The US dollar actually has three codes assigned: USD, USS (same day) and USN (next day)..." ...the dinar is already pegged to the US dollar by a “de facto” peg put in place in 2003 to keep the dinar from fully crashing. As part of moving to Article 8 the IMF plans to re-peg the dinar to the SDR basket of 5 currencies of the strongest developed nations, one of which is the USD.
7-5-2018 Intel Guru RayRen98 Iraqi TV is announcing 14 days to complete the re-counts of the votes in 7 remaining provinces. Appeals are still subject-matter related affecting the ratification of the election results. Seating of the new government is anticipated by August 1, 2018. (Not 100% sure if that matters for an RV or not)
7-5-2018 Newshound Guru Breitling …The price per barrel right now is like $75 so Iraq doesn’t need to revalue. They simply don’t…that’s how they make their money. 90% of their economy is selling oil and right now they’re kicking butt…The oil prices are going to come down. We have 3 things…we opened up the places we can explore for oil. We have our reserves. And we have Saudi Arabia and Russia to make sure they’re producing more oil…And that’s what it means for Iraq…Once that oil price goes down…for the Iraqi dinar it means everything…Right now we’re watching the market and the market is going to react and it is OPEC, it’s Saudi Arabia, it’s Russia, it’s Trump and his policies... And that’s it. [Post 1 of 2]
7-5-2018 Newshound/Intel Guru Mnt Goat Article: "THE IRAQI PARLIAMENT SUBMITS TO COUNTING AND PARTIAL MANUAL COUNTING AND OFFICIALLY ANNOUNCES THE END OF ITS LIFE" Quote: "IT SEEMS THAT THERE IS A DETERMINATION NOT TO CONDUCT THE COUNTING and counting of the ballot boxes, which means there is a" dangerous and frightening secret "THAT IS DIFFICULT TO REACH”... ...you could not have gotten any better news than this. The parliament has just conceded in that they can no longer carry out their fight against the elections results. So they are done. But will the re-counting still go on beyond Saturdays’ efforts? Yes, they will since parliament already stirred up the bee’s nest and so they must settle it down and conduct some of the recounting to continue on Tuesday. But this will be more of a procedural process and really won’t prove anything. But it will settle down the bees...lol...
7-5-2018 Newshound/Intel Guru Mnt Goat Article: "SADR ASKED WHEN WILL IRAQ’S CURRENCY IN THE RANKS OF MAJOR CURRENCIES" Quote: "when the Iraqi economy flourishes and ITS CURRENCY IN THE RANKS OF MAJOR CURRENCIES." Sadr is talking about the reinstatement of the dinar…WOW!
7-5-2018 Newshound Guru Kaperoni The fact is there is no RV or RI...it's just not how monetary policy works for emerging-market countries. I expected some point soon this year that the CBI will accept Article VIII and at the same time move off the peg and begin to float their currency. This is a necessary step to invite investment and counter inflationary pressure created from that investment. An article today came out from a member of the finance committee indicating that Iraq has about 33 to 36 trillion dinars in circulation. If true that is a good sign that the money supply has been reduced at least some.
7-5-2018 Newshound/Intel Guru Mnt Goat Quote: "THE USNs HAS BEEN APPROVED BY PRESIDENT TRUMP AND THIS WAS HOLDING BACK THE RV" ...the “USN” designation is merely a code meaning (next day) transfer of US Dollar funds USD indicating how the funds are to be used. According to UN/CEFACT recommendation 9, paragraphs 8-9 (ECE/TRADE/203, 1996, it is used for inter-banking transactions. It does NOT mean “new” US currency. ...“USN” is NOT a designation for a new currency coming out to replace the USD old currency that you now have. It is not GOLD backed. I quote from the [forex] site: “The US dollar actually has three codes assigned: USD, USS (same day) and USN (next day)..." ...the dinar is already pegged to the US dollar by a “de facto” peg put in place in 2003 to keep the dinar from fully crashing. As part of moving to Article 8 the IMF plans to re-peg the dinar to the SDR basket of 5 currencies of the strongest developed nations, one of which is the USD.
7-5-2018 Intel Guru RayRen98 Iraqi TV is announcing 14 days to complete the re-counts of the votes in 7 remaining provinces. Appeals are still subject-matter related affecting the ratification of the election results. Seating of the new government is anticipated by August 1, 2018. (Not 100% sure if that matters for an RV or not)
7-5-2018 Newshound Guru Breitling …The price per barrel right now is like $75 so Iraq doesn’t need to revalue. They simply don’t…that’s how they make their money. 90% of their economy is selling oil and right now they’re kicking butt…The oil prices are going to come down. We have 3 things…we opened up the places we can explore for oil. We have our reserves. And we have Saudi Arabia and Russia to make sure they’re producing more oil…And that’s what it means for Iraq…Once that oil price goes down…for the Iraqi dinar it means everything…Right now we’re watching the market and the market is going to react and it is OPEC, it’s Saudi Arabia, it’s Russia, it’s Trump and his policies... And that’s it. [Post 1 of 2]
7-5-2018 Newshound/Intel Guru Mnt Goat Article: "THE IRAQI PARLIAMENT SUBMITS TO COUNTING AND PARTIAL MANUAL COUNTING AND OFFICIALLY ANNOUNCES THE END OF ITS LIFE" Quote: "IT SEEMS THAT THERE IS A DETERMINATION NOT TO CONDUCT THE COUNTING and counting of the ballot boxes, which means there is a" dangerous and frightening secret "THAT IS DIFFICULT TO REACH”... ...you could not have gotten any better news than this. The parliament has just conceded in that they can no longer carry out their fight against the elections results. So they are done. But will the re-counting still go on beyond Saturdays’ efforts? Yes, they will since parliament already stirred up the bee’s nest and so they must settle it down and conduct some of the recounting to continue on Tuesday. But this will be more of a procedural process and really won’t prove anything. But it will settle down the bees...lol...
7-4-2018 Newshound Guru Adam Montana In spite of that, I think we’re still on the uphill slope of this thing, at least for the next week or so. There may not be an “official” announcement of an election “winner”, or there may be multiple “announcements” that end up being meaningless and Abadi just carries on doing his job… if we don’t see anything negative in the next 3-7 days, I think we’re looking at some HCL news within the next couple weeks, and that will get this train back on track. Looking forward to some exciting times in the VERY near future, my friends! All it’s going to take is a little nudging and we’re off... [post 2 of 2]
7-4-2018 Newshound Guru Adam Montana Work is steady across the pond in that big sandpit, which is all I’m asking for right now. Abadi continues to move forward as if there wasn’t even another party and there weren’t elections recently. I’m not sure I’ve ever witnessed someone so smoothly ignoring the outcries from what has historically been a very disruptive opposition in these times. It’s actually refreshing to see! ...I’ve been a supporter of Abadi since before he was first elected to his position. His demeanor and work ethic at this time, in spite of what could easily be an excuse to let things slide… the man is once again proving he’s business minded and goal oriented. [post 1 of 2....stay tuned]
7-4-2018 Intel Guru Bruce People ask me about rates. Realistically we do not have them right now, because they are coming back up on the screens. They are being populated, being traded, being moved, and we are waiting on the last two to show up. ...Maybe they will be there tomorrow [Wednesday] . We do not know. We do need...the dinar ...to show up obviously...before we can go and do our exchanges. [post 2 of 2]
7-4-2018 Intel Guru Bruce I heard...today that everything was ready to go this morning [Tuesday] and a Go and we were going except we had a little issue. It maybe not have been too small of an issue, but it was an issue that needed to be settled, straightened out before the Green Light could be given. ...My understanding it will be ironed out tonight [Tuesday], over night tonight. ...Tomorrow is the 4th of July. We are expecting an announcement tomorrow [Wednesday]. ...We don’t know for sure what it will be or what the subject will be about. ...We have a little window tomorrow. ...I do believe we are in a great period of waiting for this to come through for us. It has been told to me this will be a 4th of July like none other. [post 1 of 2....stay tuned]
7-4-2018 Newshound Guru Adam Montana Work is steady across the pond in that big sandpit, which is all I’m asking for right now. Abadi continues to move forward as if there wasn’t even another party and there weren’t elections recently. I’m not sure I’ve ever witnessed someone so smoothly ignoring the outcries from what has historically been a very disruptive opposition in these times. It’s actually refreshing to see! ...I’ve been a supporter of Abadi since before he was first elected to his position. His demeanor and work ethic at this time, in spite of what could easily be an excuse to let things slide… the man is once again proving he’s business minded and goal oriented. [post 1 of 2....stay tuned]
7-4-2018 Intel Guru Bruce People ask me about rates. Realistically we do not have them right now, because they are coming back up on the screens. They are being populated, being traded, being moved, and we are waiting on the last two to show up. ...Maybe they will be there tomorrow [Wednesday] . We do not know. We do need...the dinar ...to show up obviously...before we can go and do our exchanges. [post 2 of 2]
7-4-2018 Intel Guru Bruce I heard...today that everything was ready to go this morning [Tuesday] and a Go and we were going except we had a little issue. It maybe not have been too small of an issue, but it was an issue that needed to be settled, straightened out before the Green Light could be given. ...My understanding it will be ironed out tonight [Tuesday], over night tonight. ...Tomorrow is the 4th of July. We are expecting an announcement tomorrow [Wednesday]. ...We don’t know for sure what it will be or what the subject will be about. ...We have a little window tomorrow. ...I do believe we are in a great period of waiting for this to come through for us. It has been told to me this will be a 4th of July like none other. [post 1 of 2....stay tuned]
7-3-2018 Newshound/Intel Guru Mnt Goat I told everyone NO RV until after the elections. I told everyone they will first have to clean up these corrupt politicians causing the FRAUD and MANIPULATION with the currency. I told everyone what the CBI meant by “a more suitable environment” and this definition meant AFTER THE ELECTIONS and after this currency fraud and manipulation is cleaned up. I told everyone they will have to arrest these politicians and close down their operations after they lose their immunity as parliament members. So first they need time to do this, then to arrest them. This may take a couple weeks, once the newly elected parliament is seated and the new PM is announced. I am NOW telling everyone NOT to expect the RV until sometime AFTER mid-July. It may take a bit longer but I am hearing they need to get it done as soon as possible.
7-3-2018 Newshound Guru Kaperoni Article: "fixed exchange rate or floating?" I have stated over and over and over again...RV or RI is not a possibility is not reality...that there really is only two choices fixed or float. And a float is coming. Morocco, Egypt and i think Tunisia all launched floating currencies within the last year. Iraq should follow soon.
7-3-2018 Newshound/Intel Guru Walkingstick [via Clare] Trump & the level playing field... USN & IQD Asset backed, ready to go in basket... Colossal, YEP!... combined with electronic dinar, POS & PCC ...things are very close...look at currencies pegged to the USD not just the IQD... It's all good, much in play, much in motion, that NO ONE is reading about!!!
7-3-2018 Intel Guru Frank26 [via Clare] 1. Chapter 7...Gone..most of it...Enough /wow 2. UNSC unfreezes Assets /wow 3. HM /wow 4. FATF /wow 5. Laundering Money, Counterfeiting 6. Corruption, Control /wow 7. POS /hmmm PCC /wow USN /wow 8. CBI Gov. Alak, Awarded-Gov. of the Year /wow 9. Abadi - PM /wow 10. Cockroaches run to nowhere /wow 11. MasterCard 12. ATM's 13. SDR BASKET & it's Value Today 14. No more OFAC 15. Sound of INTERNATIONALISM 16. All in June. Compression of Time...On the CUSP...ACCELERATED.... A Plethora of CBI Articles, for an RI Rainbow...
7-3-2018 Newshound/Intel Guru Mnt Goat Under Article 8 of the UN Charter for member nations, they must be able to control their currency and there are strict rules. ...This is...why they wanted to wait until AFER the elections to go after the culprits. We see them now acting swiftly on this action. Article quote: "At least 20 Iraqi lawmakers will be arrested after Sunday as their term at the Iraqi parliament will end, and they will no longer hold parliamentary immunity." My conclusion can’t be anything other than sticking to my mid-July timeframe to hear any announcement from the CBI that they are going to forward once again with the “project to delete the zeros”. I am not going to speculate as to when they will actually do it, but it will be shortly. [post 2 of 2]
7-3-2018 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank of Iraq announced on Saturday the withdrawal of the license of a brokerage company to sell and buy foreign currencies for violating the instruction." Folks this is the withdrawal of the licenses of these companies TO MEDIATE THE SALE AND PURCHASE OF FOREIGN CURRENCIES. Get it now why the CBI had to stall the project? Also we know the CBI was under scrutiny with the MCP monitoring with the IMF in the attempt also to control the rate of the dinar to with 2% of CBI rate vs Street rate. ...So a lot of this FRAUD and MANIPULATION was preventing this and driving up the US Dollar and bringing down the dinar. ...I told everyone that the real reason why the CBI held up the continuation of the “project to delete the zeros” was due to the FRAUD and MANIPULATION with the currency ( in particular the currency auctions). [post 1 of 2....stay tuned]
7-3-2018 Newshound Guru Kaperoni Article: "fixed exchange rate or floating?" I have stated over and over and over again...RV or RI is not a possibility is not reality...that there really is only two choices fixed or float. And a float is coming. Morocco, Egypt and i think Tunisia all launched floating currencies within the last year. Iraq should follow soon.
7-3-2018 Newshound/Intel Guru Walkingstick [via Clare] Trump & the level playing field... USN & IQD Asset backed, ready to go in basket... Colossal, YEP!... combined with electronic dinar, POS & PCC ...things are very close...look at currencies pegged to the USD not just the IQD... It's all good, much in play, much in motion, that NO ONE is reading about!!!
7-3-2018 Intel Guru Frank26 [via Clare] 1. Chapter 7...Gone..most of it...Enough /wow 2. UNSC unfreezes Assets /wow 3. HM /wow 4. FATF /wow 5. Laundering Money, Counterfeiting 6. Corruption, Control /wow 7. POS /hmmm PCC /wow USN /wow 8. CBI Gov. Alak, Awarded-Gov. of the Year /wow 9. Abadi - PM /wow 10. Cockroaches run to nowhere /wow 11. MasterCard 12. ATM's 13. SDR BASKET & it's Value Today 14. No more OFAC 15. Sound of INTERNATIONALISM 16. All in June. Compression of Time...On the CUSP...ACCELERATED.... A Plethora of CBI Articles, for an RI Rainbow...
7-3-2018 Newshound/Intel Guru Mnt Goat Under Article 8 of the UN Charter for member nations, they must be able to control their currency and there are strict rules. ...This is...why they wanted to wait until AFER the elections to go after the culprits. We see them now acting swiftly on this action. Article quote: "At least 20 Iraqi lawmakers will be arrested after Sunday as their term at the Iraqi parliament will end, and they will no longer hold parliamentary immunity." My conclusion can’t be anything other than sticking to my mid-July timeframe to hear any announcement from the CBI that they are going to forward once again with the “project to delete the zeros”. I am not going to speculate as to when they will actually do it, but it will be shortly. [post 2 of 2]
7-3-2018 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank of Iraq announced on Saturday the withdrawal of the license of a brokerage company to sell and buy foreign currencies for violating the instruction." Folks this is the withdrawal of the licenses of these companies TO MEDIATE THE SALE AND PURCHASE OF FOREIGN CURRENCIES. Get it now why the CBI had to stall the project? Also we know the CBI was under scrutiny with the MCP monitoring with the IMF in the attempt also to control the rate of the dinar to with 2% of CBI rate vs Street rate. ...So a lot of this FRAUD and MANIPULATION was preventing this and driving up the US Dollar and bringing down the dinar. ...I told everyone that the real reason why the CBI held up the continuation of the “project to delete the zeros” was due to the FRAUD and MANIPULATION with the currency ( in particular the currency auctions). [post 1 of 2....stay tuned]
7-2-2018 Newshound Guru Kaperoni A good article today...sounds like Sadr is calling for currency reform.
7-2-2018 Intel Guru RayRen98 We did expect some things to happen over the weekend, and there are some interesting tidbits from members, stories they are relating. The big question is WHEN? One member was connected with someone in the Kuwaiti revaluation, and he got a text telling him to be ready at a moment’s notice. Another member has an Iraqi friend, and she is now excited after news from her family who were celebrating something this weekend – an actual exchange, or at least good news from Iraq...
7-2-2018 Newshound/Intel Guru Mnt Goat ...I continue on my path of reading the news articles and periodically contacting my friend in the CBI. Between these I get all the news I need to bring you up-to-date, reliable, accurate and factual news... ...the news could not get any better and it is exactly what we want to hear and I expected to hear at this point in time. I am do glad that this election drama did not take a turn for the worst. My last timeframe, when we might see the RV, was not until at least mid July. I see no evidence yet to change this timeframe. In the events from the last couple days I have nothing to do but to confirm that I am correct and so I am moving forward again with this same timeframe.
7-2-2018 Newshound Guru Kaperoni Just was reading the latest Regional Economic Outlook from the IMF which came out today..."However, in Iran and Iraq, banking systems continue to face numerous challenges, which will be the focus of reforms expected to be implemented this year." Don't know about Iran's banking system as it seems to be going backwards at this point due to the sanctions but Iraq is making positive strides especially with the recent articles from the weekend.
7-2-2018 Newshound Guru MilitiaMan Article: “Iraq officially exits from list of countries subject to monitoring and follow-up by FATF” More shackles came off.. UNSC lifted Sanctions and released frozen Iraqi assets, HM Treasury released frozen assets. No more OFAC list and now this from the FATF.. Fairly sure with Alak getting the Banking Award for 2018 shows that everything is in place to finish up the reforms.. imo. Now it seems to me that Commercial Banks can do business inside and outside of Iraq. They don't say which ones, but, imo that would be BIG BANKS Globally too. Quote: "This trend will be positively reflected on Iraq by facilitating foreign remittances, which will be carried out without international supervision or the US Federal Reserve, so that remittances will arrive more quickly and facilitate the process of trade with the countries of the world," ...That "Iraqi traders will feel the usefulness of this decision as well as commercial banks clearly during the coming period."
7-2-2018 Newshound/Intel Guru Mnt Goat Article quote: "The Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail, received the Best Governor of a Central Bank at the level of the Arab countries..." well, well, well…look at all the wonderful reforms he has helped implement in Iraq. Quote: “notably the maintenance of the exchange rate and closing the gap between the official price and the market price”. This is the MCP folks. They mentioned this one first. We know this was the hold up in getting the currency reinstated and moving fully to Article 8.
7-2-2018 Newshound/Intel BGG Article: "Iraq: 20 Lawmakers to Be Arrested as Parliament Term Ends" I’m a little curious to see if there is any specific sectarian break-down on this round of prosecutions. Not that it really makes a direct impact on the overall investment – I’m just curious. It also looks like, to me, the political climate is getting better and better. Progress. Anyone telling you the political climate isn’t important simply isn’t paying attention. The things we are seeing unfold right now are pretty good for the overall welfare of this investment and Iraq in general.
7-2-2018 Intel Guru RayRen98 We did expect some things to happen over the weekend, and there are some interesting tidbits from members, stories they are relating. The big question is WHEN? One member was connected with someone in the Kuwaiti revaluation, and he got a text telling him to be ready at a moment’s notice. Another member has an Iraqi friend, and she is now excited after news from her family who were celebrating something this weekend – an actual exchange, or at least good news from Iraq...
7-2-2018 Newshound/Intel Guru Mnt Goat ...I continue on my path of reading the news articles and periodically contacting my friend in the CBI. Between these I get all the news I need to bring you up-to-date, reliable, accurate and factual news... ...the news could not get any better and it is exactly what we want to hear and I expected to hear at this point in time. I am do glad that this election drama did not take a turn for the worst. My last timeframe, when we might see the RV, was not until at least mid July. I see no evidence yet to change this timeframe. In the events from the last couple days I have nothing to do but to confirm that I am correct and so I am moving forward again with this same timeframe.
7-2-2018 Newshound Guru Kaperoni Just was reading the latest Regional Economic Outlook from the IMF which came out today..."However, in Iran and Iraq, banking systems continue to face numerous challenges, which will be the focus of reforms expected to be implemented this year." Don't know about Iran's banking system as it seems to be going backwards at this point due to the sanctions but Iraq is making positive strides especially with the recent articles from the weekend.
7-2-2018 Newshound Guru MilitiaMan Article: “Iraq officially exits from list of countries subject to monitoring and follow-up by FATF” More shackles came off.. UNSC lifted Sanctions and released frozen Iraqi assets, HM Treasury released frozen assets. No more OFAC list and now this from the FATF.. Fairly sure with Alak getting the Banking Award for 2018 shows that everything is in place to finish up the reforms.. imo. Now it seems to me that Commercial Banks can do business inside and outside of Iraq. They don't say which ones, but, imo that would be BIG BANKS Globally too. Quote: "This trend will be positively reflected on Iraq by facilitating foreign remittances, which will be carried out without international supervision or the US Federal Reserve, so that remittances will arrive more quickly and facilitate the process of trade with the countries of the world," ...That "Iraqi traders will feel the usefulness of this decision as well as commercial banks clearly during the coming period."
7-2-2018 Newshound/Intel Guru Mnt Goat Article quote: "The Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail, received the Best Governor of a Central Bank at the level of the Arab countries..." well, well, well…look at all the wonderful reforms he has helped implement in Iraq. Quote: “notably the maintenance of the exchange rate and closing the gap between the official price and the market price”. This is the MCP folks. They mentioned this one first. We know this was the hold up in getting the currency reinstated and moving fully to Article 8.
7-2-2018 Newshound/Intel BGG Article: "Iraq: 20 Lawmakers to Be Arrested as Parliament Term Ends" I’m a little curious to see if there is any specific sectarian break-down on this round of prosecutions. Not that it really makes a direct impact on the overall investment – I’m just curious. It also looks like, to me, the political climate is getting better and better. Progress. Anyone telling you the political climate isn’t important simply isn’t paying attention. The things we are seeing unfold right now are pretty good for the overall welfare of this investment and Iraq in general.
7-1-2018 Intel Guru Delta Article: "World Bank Representative in Iraq: There is a great need to use and strengthen the financial resources of the Customs" Quote: "There are many reforms that must be made financially and electronically in order to link the border crossings..." ...VERY HUGE WOW ... WE TALKED ABOUT THIS WHILE BACK LINKING BORDER CROSSING FOR CUSTOMS ELECTRONICALLY ...WORLD BANK SAYING THAT IRAQ MUST MAKE FINANCIAL REFORMS MEANING ( CURRENCY REFORM) ..(Smile)
7-1-2018 Newshound Guru Kaperoni [Who exactly is the FATF?] Financial Action Task Force. [Wikipedia: "...an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering. In 2001 its mandate expanded to include terrorism financing. It monitors progress in implementing the FATF Recommendations through "peer reviews" ("mutual evaluations") of member countries." [reference Gurus Kaperoni & BGG posts below, 7-1-2018]
7-1-2018 Newshound/Intel Guru BGG Article: "Iraq officially exits the FATF International Financial Control List" ...ONE STEP CLOSER!!
7-1-2018 Newshound Guru Kaperoni More great news today from the Iraqi banking sector. CBI News. "Iraq is no longer subject to monitoring and follow-up by the FATF." This is a great example of what the IMF said about Iraq sending a positive message to the global banking system. By meeting these requirements they are getting very close. Got to love it when the CBI keeps fulfilling compliance requirements. In my opinion the CBI is not only gathering significant confidence but they are gathering momentum signing agreements and meeting compliance. I believe IMF Article VIII is coming very soon. I am not one to get overly excited but in this case I am one that believes that Iraq will continue pushing the banking system forward. That is exactly what we want.
7-1-2018 Newshound/Intel Guru Mnt Goat ...Some are saying that the Iraqi dinar is 1 to 1 in Iraq already. One of the reasons to reinstate the dinar is to be able to use it in the world market place. World Market Place means ‘outside of Iraq’, thus you are NOT in Iraq. And until the rate changes on FOREX (with a significant increase) and the banks are willing to exchange it for us – it makes no difference to you or I what is going on inside of Iraq. Besides, I have a very good, reliable source in the CBI that tells me absolutely NOTHING has yet occurred and the dinar inside and outside Iraq is still at the rate of 1190 dinars to 1 US dollar.
7-1-2018 Newshound Guru Kaperoni [Who exactly is the FATF?] Financial Action Task Force. [Wikipedia: "...an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering. In 2001 its mandate expanded to include terrorism financing. It monitors progress in implementing the FATF Recommendations through "peer reviews" ("mutual evaluations") of member countries." [reference Gurus Kaperoni & BGG posts below, 7-1-2018]
7-1-2018 Newshound/Intel Guru BGG Article: "Iraq officially exits the FATF International Financial Control List" ...ONE STEP CLOSER!!
7-1-2018 Newshound Guru Kaperoni More great news today from the Iraqi banking sector. CBI News. "Iraq is no longer subject to monitoring and follow-up by the FATF." This is a great example of what the IMF said about Iraq sending a positive message to the global banking system. By meeting these requirements they are getting very close. Got to love it when the CBI keeps fulfilling compliance requirements. In my opinion the CBI is not only gathering significant confidence but they are gathering momentum signing agreements and meeting compliance. I believe IMF Article VIII is coming very soon. I am not one to get overly excited but in this case I am one that believes that Iraq will continue pushing the banking system forward. That is exactly what we want.
7-1-2018 Newshound/Intel Guru Mnt Goat ...Some are saying that the Iraqi dinar is 1 to 1 in Iraq already. One of the reasons to reinstate the dinar is to be able to use it in the world market place. World Market Place means ‘outside of Iraq’, thus you are NOT in Iraq. And until the rate changes on FOREX (with a significant increase) and the banks are willing to exchange it for us – it makes no difference to you or I what is going on inside of Iraq. Besides, I have a very good, reliable source in the CBI that tells me absolutely NOTHING has yet occurred and the dinar inside and outside Iraq is still at the rate of 1190 dinars to 1 US dollar.
6-30-2018 Newshound Guru Kaperoni Great article today talks about how they plan to open the banking system to engage with international banks. This article just gushes with excitement as they get ready to move to Article VIII. If you remember that plan was in the IMF directives with the CBI send a positive message about the banking system...it's coming. Now that the CBI is in compliance it's just a waiting game for them to write the letter.
6-30-2018 Newshound/Intel Guru Mnt Goat ...There is actually much to celebrate but...let’s not jump the gun and be calling the RV as of yet…okay? ...the FACT is that the CBI has not even given us any recent hint that the dinar is going to be reinstated any time soon. ...When the CBI talks I listen. I also watch if they back up what they say they are going to do with actions... They said after the elections. Well we are here after the elections and so where is it? We still wait. ...Can they then pop out with an amazing article tomorrow and tell us the RV is coming? Yes, they could but the reality is they have not yet done so...
6-30-2018 Newshound Guru Kaperoni Quote from Donald J. Trump: "Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & disfunction in Iran and Venezuela, I am asking that Saudi Arabia increase oil production, maybe up to 2,000,000 barrels, to make up the difference...Prices to high! He has agreed!" As I stated before my concern was always increasing oil prices would cause Iraq to become lazy again and not move forward with the reforms. ...President Trump this morning...is calling on Saudi Arabia to increase oil production to lower gas prices. Reducing prices will also motivate Iraq.
6-30-2018 Newshound/Intel Guru Mnt Goat Article: "THE SADRISTS PROMISE TO ANNOUNCE THE "BIG BLOCK" SOON" I think this is going to happen until on or after July 1st date. Politically how can Sadr possibly announce that Abadi is going to be the next PM before the recount with voters looking at this as a rigged election? Next also remember Abadi is still the PM until June 30th anyhow. So how can Sadr speak out against the re-counting as if he did already announce Abadi as the new PM, it would look like Abadi was kissing up to Sadr to get a second term. They have to be very careful in how they handle this annoucement. But the good news is July 1st is just around the corner. Some...from Iraq are telling the people it will take 5 months to form the new government. ...as far as I know the new PM has only 3 months (90 days), But then in the same breath he says the new government will be announced in the coming days.
6-30-2018 Newshound/Intel Guru Mnt Goat ...There is actually much to celebrate but...let’s not jump the gun and be calling the RV as of yet…okay? ...the FACT is that the CBI has not even given us any recent hint that the dinar is going to be reinstated any time soon. ...When the CBI talks I listen. I also watch if they back up what they say they are going to do with actions... They said after the elections. Well we are here after the elections and so where is it? We still wait. ...Can they then pop out with an amazing article tomorrow and tell us the RV is coming? Yes, they could but the reality is they have not yet done so...
6-30-2018 Newshound Guru Kaperoni Quote from Donald J. Trump: "Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & disfunction in Iran and Venezuela, I am asking that Saudi Arabia increase oil production, maybe up to 2,000,000 barrels, to make up the difference...Prices to high! He has agreed!" As I stated before my concern was always increasing oil prices would cause Iraq to become lazy again and not move forward with the reforms. ...President Trump this morning...is calling on Saudi Arabia to increase oil production to lower gas prices. Reducing prices will also motivate Iraq.
6-30-2018 Newshound/Intel Guru Mnt Goat Article: "THE SADRISTS PROMISE TO ANNOUNCE THE "BIG BLOCK" SOON" I think this is going to happen until on or after July 1st date. Politically how can Sadr possibly announce that Abadi is going to be the next PM before the recount with voters looking at this as a rigged election? Next also remember Abadi is still the PM until June 30th anyhow. So how can Sadr speak out against the re-counting as if he did already announce Abadi as the new PM, it would look like Abadi was kissing up to Sadr to get a second term. They have to be very careful in how they handle this annoucement. But the good news is July 1st is just around the corner. Some...from Iraq are telling the people it will take 5 months to form the new government. ...as far as I know the new PM has only 3 months (90 days), But then in the same breath he says the new government will be announced in the coming days.
6-29-2018 Newshound Guru Adam Montana [Is there a change in the oil price this year? From being backed by gold or the dollar? ...] Oil is stable and still perfect for everything we want to happen.
6-29-2018 Newshound Guru Kaperoni ... unfortunately I think they need to wait for the government to form because that would send a clear message of stability and would perpetuate investment. Remember happy investors is what will raise this value. They also may be waiting for the blessing of the IMF and they haven't had their Article IV Consultation yet this year which is a perfect time for a full review prior to the transition but I'm expecting that anytime.
6-29-2018 Intel Guru Bruce ...know that the dinar is gold backed, the Vietnam dong is gold backed, and our US dollar is traded as the USN internally as gold backed, and probably be announced as gold backed quite possibly that is part of our July 4th announcement that we are looking for. I would think that is when it will be known throughout the United States and the world. ...What came out of those calls? What did we learn? What we learned was Sit tight for the next couple of days. ...What that tells is we are very close to the end of this... We do know that they do have sort of time picked out. The theory which I think is a good theory, that we should have this by the end of the month which is Saturday, June 30. [post 2 of 2]
6-29-2018 Intel Guru Bruce ...This has been an up and down week. It has been a rollercoaster ride even for me, because I had some information that indicated a certain couple days it looked like we were going. We had time and days. It did not happen. We had reason to believe that we were there and everything was complete, but it wasn’t. ...What happened yesterday evening? We had 3 different conference calls that were meetings in New York. One was HSBC, one for Wells Fargo-separate one, and one for the US Treasury. These 3 calls each...and we had people who were in these meetings so we know this directly...these meetings that were video conference calls, were there to go over and confirm rates of currencies, confirm the currencies themselves... [post 1 of 2....stay tuned]
6-29-2018 Newshound Guru Adam Montana [Still thinking 10 cents?] I've spent a little time on that subject over the last month or so. I'm seeing a couple different possible scenarios, but I'm still strong on .10.
6-29-2018 Newshound Guru Kaperoni How long is the CBI going to risk the spread that they now are in compliance? Today's spread was reported I believe at 1202 to $1. So well in compliance. Any day they could lose control of the spread and it could go to 1214 to $1 or higher and have to start over...it's got to be painful for the CBI watching the current circumstances.
6-29-2018 Newshound Guru Kaperoni ... unfortunately I think they need to wait for the government to form because that would send a clear message of stability and would perpetuate investment. Remember happy investors is what will raise this value. They also may be waiting for the blessing of the IMF and they haven't had their Article IV Consultation yet this year which is a perfect time for a full review prior to the transition but I'm expecting that anytime.
6-29-2018 Intel Guru Bruce ...know that the dinar is gold backed, the Vietnam dong is gold backed, and our US dollar is traded as the USN internally as gold backed, and probably be announced as gold backed quite possibly that is part of our July 4th announcement that we are looking for. I would think that is when it will be known throughout the United States and the world. ...What came out of those calls? What did we learn? What we learned was Sit tight for the next couple of days. ...What that tells is we are very close to the end of this... We do know that they do have sort of time picked out. The theory which I think is a good theory, that we should have this by the end of the month which is Saturday, June 30. [post 2 of 2]
6-29-2018 Intel Guru Bruce ...This has been an up and down week. It has been a rollercoaster ride even for me, because I had some information that indicated a certain couple days it looked like we were going. We had time and days. It did not happen. We had reason to believe that we were there and everything was complete, but it wasn’t. ...What happened yesterday evening? We had 3 different conference calls that were meetings in New York. One was HSBC, one for Wells Fargo-separate one, and one for the US Treasury. These 3 calls each...and we had people who were in these meetings so we know this directly...these meetings that were video conference calls, were there to go over and confirm rates of currencies, confirm the currencies themselves... [post 1 of 2....stay tuned]
6-29-2018 Newshound Guru Adam Montana [Still thinking 10 cents?] I've spent a little time on that subject over the last month or so. I'm seeing a couple different possible scenarios, but I'm still strong on .10.
6-29-2018 Newshound Guru Kaperoni How long is the CBI going to risk the spread that they now are in compliance? Today's spread was reported I believe at 1202 to $1. So well in compliance. Any day they could lose control of the spread and it could go to 1214 to $1 or higher and have to start over...it's got to be painful for the CBI watching the current circumstances.
6-28-2018 Newshound/Intel Guru tman23 ...reality because of economic pressures in the region …business people tell me that 65 cents is all the region could handle right now with trading partners...
6-28-2018 Newshound Guru Adam Montana [It’s the end of June, still thinking sooner or are we looking toward the fall? ] Let's see how these next couple weeks shake out! I'm pretty optimistic about our upcoming timeline.
6-28-2018 Newshound Guru MilitiaMan Articles: “Union of Arab Banks Honors the Governor of the Central Bank of Iraq Ali Alalak as the best governor in the Arab world for the year 2018”; “Special - Ali Mohsen Ismail (Ali Alalak ) Best Governor of an Arab Central Bank .. Who is he ?” A job well done and now banks are all closed in Iraq and don’t re open until the first of July.. - fascinating. Who is he? He will be imo, not a proxy Central Bank Governor much longer.. He appears to have completed the task of economic reforms to date and the next half of the year shall be less a few zeros internationally and locally.. Imo we shall see...
6-28-2018 Newshound Guru sandyf From 2014...In an interview with IraqiNews.com al-Bajari said “The policy to delete zeros from the Iraqi currency is ready to be executed by the Central Bank, however, its implementation will be delayed by 5 years on the basis of the extreme security and political situation of the country.” Redenomination is outside the scope of the CBI and would require a Bill to go through parliament, months at least. Preparation for a redenomination is usually in the range 12 to 18 months prior to the preferred dates of Jan 1st and July 1st. Should Iraq decide to proceed with a redenomination during the next parliament then the most probable date would be 1st January 2021...
6-28-2018 Newshound Guru Adam Montana [...Am I correct in believing that there is almost nothing that OPEC can or will do it that will have any effect on the RV?...] Iraq is still in prime position to take advantage of everything OPEC has done over the last couple years. It's almost like they are setting Iraq up for success! But at the same time, OPEC won't "force" Iraq to RV - their actions and positions are only encouraging them to do so.
6-28-2018 Intel Guru RayRen98 ...Some military folks are going back to Iraq for various purposes, and they have been told NOT to take US dollars as the country is revaluing the currency, and US dollars would have to be converted when they get there.
6-28-2018 Newshound Guru Kaperoni ...i stand corrected 47 trillion dinar in circulation and its expected to go up through the end of year. [reference Guru Kaperoni post 6-27-2018...post 2 of 2]
6-28-2018 Newshound Guru Adam Montana [It’s the end of June, still thinking sooner or are we looking toward the fall? ] Let's see how these next couple weeks shake out! I'm pretty optimistic about our upcoming timeline.
6-28-2018 Newshound Guru MilitiaMan Articles: “Union of Arab Banks Honors the Governor of the Central Bank of Iraq Ali Alalak as the best governor in the Arab world for the year 2018”; “Special - Ali Mohsen Ismail (Ali Alalak ) Best Governor of an Arab Central Bank .. Who is he ?” A job well done and now banks are all closed in Iraq and don’t re open until the first of July.. - fascinating. Who is he? He will be imo, not a proxy Central Bank Governor much longer.. He appears to have completed the task of economic reforms to date and the next half of the year shall be less a few zeros internationally and locally.. Imo we shall see...
6-28-2018 Newshound Guru sandyf From 2014...In an interview with IraqiNews.com al-Bajari said “The policy to delete zeros from the Iraqi currency is ready to be executed by the Central Bank, however, its implementation will be delayed by 5 years on the basis of the extreme security and political situation of the country.” Redenomination is outside the scope of the CBI and would require a Bill to go through parliament, months at least. Preparation for a redenomination is usually in the range 12 to 18 months prior to the preferred dates of Jan 1st and July 1st. Should Iraq decide to proceed with a redenomination during the next parliament then the most probable date would be 1st January 2021...
6-28-2018 Newshound Guru Adam Montana [...Am I correct in believing that there is almost nothing that OPEC can or will do it that will have any effect on the RV?...] Iraq is still in prime position to take advantage of everything OPEC has done over the last couple years. It's almost like they are setting Iraq up for success! But at the same time, OPEC won't "force" Iraq to RV - their actions and positions are only encouraging them to do so.
6-28-2018 Intel Guru RayRen98 ...Some military folks are going back to Iraq for various purposes, and they have been told NOT to take US dollars as the country is revaluing the currency, and US dollars would have to be converted when they get there.
6-28-2018 Newshound Guru Kaperoni ...i stand corrected 47 trillion dinar in circulation and its expected to go up through the end of year. [reference Guru Kaperoni post 6-27-2018...post 2 of 2]
6-27-2018 Newshound/Intel Guru Randy Koonce Another hot topic: Cards being loaded. This is Card Crap. In the Kurdistan region, they use cards because they did not get bombed. The Baghdad area does not have great infrastructure. They have 6 ATMs and 4 of them do not work, except in Green Zone. So the Card stuff...it does not impact us. So, in summary: You do not care if it has 'RV'd in Iraq or not; the cards do not matter to us...
6-27-2018 Newshound Guru Adam Montana ...either Abadi is confident that he’ll retain his position and is eager to continue moving Iraq forward (towards an RV, of course!), OR he’s on the same page as his “opponent” regarding the future of Iraq. Either outcome is fine - the way things are moving forward is positive for us. I figure it will take a couple weeks for everything to shake out. If Abadi is ousted, he is still laying very solid groundwork for his successor. If he retains his position, he’s setting himself and Iraq up with a solid launchpad. No matter who is in charge a month from now, we’re heading the right direction, and with good speed. And that, my friends, is good news to me! Everything else is moving at a good pace, I figure we’re on pace to see some solid resolutions over the coming weeks. [post 3 of 3]
6-27-2018 Newshound Guru Adam Montana The recent elections went down pretty much exactly like the last 2 or 3 election cycles… votes were cast, accusations of fraud were thrown around, and weeks post-election there is no clear victor. Let’s look past the “headlines”, though. Look at what’s actually happening, and things clear up a bit. Abadi's opposition is reported to have won something of a majority of the votes, so it’s possible that he’ll be donning the captain hat. Abadi, in the meantime, is apparently ignoring the entire issue and has moved forward with a good number of items that he could have easily ignored or postponed to dump off on the future President, should it come to light that he has lost his seat. This tells me that one of two things is happening… [post 2 of 3....stay tuned]
6-27-2018 Newshound Guru Adam Montana It’s a cheery day in my part of Dinar-land, for a couple reasons…one is probably more important than the rest, so I’ll hop straight into that piece. GOI. The “Government Of Iraq” has always been a crucial part of this journey. There’s simply no way to raise the value of the dinar, and then maintain a higher rate, without a stable GOI. Those of you that have been around a while probably recognize “Groundhog Day” when you see it - we are currently wading through the murky waters of a dubious election process. This can be extremely confusing, particularly when we are trying to get our news from mostly poorly translated news articles, so I’ll break it down. I’m also going to explain why this is a “cheery” time in my opinion! [post 1 of 3....stay tuned]
6-27-2018 Newshound Guru Kaperoni The Arab International Banking Conference is coming up at the end of this month on the 28th 29th in Paris. Iraq is participating with a fairly large high level delegation. Iraq plans to use this opportunity to strengthen cooperation between Iraqi banks with foreign correspondent banks. In order to prepare the Iraqi banking sector to move towards global prospects. That sounds to me like they're getting ready to open up to the world's financial system.
6-27-2018 Newshound Guru Whitelions ...everything and I mean everything points to this just about at it's end. How it happens is where the right fighters get into the gray waters .
6-27-2018 Intel Guru Bruce ...Now, what we...have is we have an agreement...today...between our Treasury and the IMF regarding some of the countries and the Far East and their rates. ...It is good because those who were involved were getting down on the wire on it, and now we can move forward, and get this thing completed for us. ...a lot of funds have moved in the 32 international banking institutions globally...not just coming to us here in the United States. This is for all around the world...it seems at the last minute in a way, but they have this thing timed out...That is a very positive piece of news for us, because things are moving in the direction where we should be able to get started here in short order. ...we anticipate things around July 4th to be very good. We anticipate the public starting in the vicinity of July 3rd. ...We are looking forward to a great week....
6-27-2018 Newshound Guru Kaperoni ...with 60-plus trillion dinar in circulation, if you're expecting any kind of overnight event you're dreaming other than a LOP...a one-to-one rate or higher then it's going to be a LOP. Moving to a float is the right thing to do and it allows the world to set the value as well as counter inflationary pressure created by investment. Such a move will not give any kind of overnight RV or RI but a gradual appreciation overtime. And we may have to wait several months or even a year or more for it to rise to a level that we all are comfortable with. Just remember monetary policy is not a random event that every action the CBI takes has a purpose. [post 2 of 2]
6-27-2018 Newshound Guru Kaperoni ...I believe the CBI will leave the peg and float the currency allowing the currency to rise gradually. What that means is the value of the dinar will go up but just not overnight. I believe it could take 6 months to 2 years for it to reach parity with the dollar once it begins. Again keep in mind there's a lot of factors that play on how fast a dinar rises primarily how fast investment comes into the country. That is why it's important that the CBI properly prepare everything. Not only the banking system but the laws to support investment and having a stable investment climate. [post 1 of 2....stay tuned]
6-27-2018 Newshound Guru Adam Montana ...either Abadi is confident that he’ll retain his position and is eager to continue moving Iraq forward (towards an RV, of course!), OR he’s on the same page as his “opponent” regarding the future of Iraq. Either outcome is fine - the way things are moving forward is positive for us. I figure it will take a couple weeks for everything to shake out. If Abadi is ousted, he is still laying very solid groundwork for his successor. If he retains his position, he’s setting himself and Iraq up with a solid launchpad. No matter who is in charge a month from now, we’re heading the right direction, and with good speed. And that, my friends, is good news to me! Everything else is moving at a good pace, I figure we’re on pace to see some solid resolutions over the coming weeks. [post 3 of 3]
6-27-2018 Newshound Guru Adam Montana The recent elections went down pretty much exactly like the last 2 or 3 election cycles… votes were cast, accusations of fraud were thrown around, and weeks post-election there is no clear victor. Let’s look past the “headlines”, though. Look at what’s actually happening, and things clear up a bit. Abadi's opposition is reported to have won something of a majority of the votes, so it’s possible that he’ll be donning the captain hat. Abadi, in the meantime, is apparently ignoring the entire issue and has moved forward with a good number of items that he could have easily ignored or postponed to dump off on the future President, should it come to light that he has lost his seat. This tells me that one of two things is happening… [post 2 of 3....stay tuned]
6-27-2018 Newshound Guru Adam Montana It’s a cheery day in my part of Dinar-land, for a couple reasons…one is probably more important than the rest, so I’ll hop straight into that piece. GOI. The “Government Of Iraq” has always been a crucial part of this journey. There’s simply no way to raise the value of the dinar, and then maintain a higher rate, without a stable GOI. Those of you that have been around a while probably recognize “Groundhog Day” when you see it - we are currently wading through the murky waters of a dubious election process. This can be extremely confusing, particularly when we are trying to get our news from mostly poorly translated news articles, so I’ll break it down. I’m also going to explain why this is a “cheery” time in my opinion! [post 1 of 3....stay tuned]
6-27-2018 Newshound Guru Kaperoni The Arab International Banking Conference is coming up at the end of this month on the 28th 29th in Paris. Iraq is participating with a fairly large high level delegation. Iraq plans to use this opportunity to strengthen cooperation between Iraqi banks with foreign correspondent banks. In order to prepare the Iraqi banking sector to move towards global prospects. That sounds to me like they're getting ready to open up to the world's financial system.
6-27-2018 Newshound Guru Whitelions ...everything and I mean everything points to this just about at it's end. How it happens is where the right fighters get into the gray waters .
6-27-2018 Intel Guru Bruce ...Now, what we...have is we have an agreement...today...between our Treasury and the IMF regarding some of the countries and the Far East and their rates. ...It is good because those who were involved were getting down on the wire on it, and now we can move forward, and get this thing completed for us. ...a lot of funds have moved in the 32 international banking institutions globally...not just coming to us here in the United States. This is for all around the world...it seems at the last minute in a way, but they have this thing timed out...That is a very positive piece of news for us, because things are moving in the direction where we should be able to get started here in short order. ...we anticipate things around July 4th to be very good. We anticipate the public starting in the vicinity of July 3rd. ...We are looking forward to a great week....
6-27-2018 Newshound Guru Kaperoni ...with 60-plus trillion dinar in circulation, if you're expecting any kind of overnight event you're dreaming other than a LOP...a one-to-one rate or higher then it's going to be a LOP. Moving to a float is the right thing to do and it allows the world to set the value as well as counter inflationary pressure created by investment. Such a move will not give any kind of overnight RV or RI but a gradual appreciation overtime. And we may have to wait several months or even a year or more for it to rise to a level that we all are comfortable with. Just remember monetary policy is not a random event that every action the CBI takes has a purpose. [post 2 of 2]
6-27-2018 Newshound Guru Kaperoni ...I believe the CBI will leave the peg and float the currency allowing the currency to rise gradually. What that means is the value of the dinar will go up but just not overnight. I believe it could take 6 months to 2 years for it to reach parity with the dollar once it begins. Again keep in mind there's a lot of factors that play on how fast a dinar rises primarily how fast investment comes into the country. That is why it's important that the CBI properly prepare everything. Not only the banking system but the laws to support investment and having a stable investment climate. [post 1 of 2....stay tuned]
6-26-2018 Newshound/Intel Guru Walkingstick THE RATE CANNOT BE ANY HIGHER THAN THE AAD (Arab Accounting Dinar) CURRENCY NUMBERS OF THE IMF = 2.5 X SDR NUMBERS (You can find this on the IMF website...) SDR rate as of today is $1.41. If you multiply by 2.5 you get a max of 3.52. (can change daily...) When it’s on the FOREX it will sell at a low volume, not the program rate. Iraq in the ME is a trade hub and needs different value for the world Global Markets. The key is it’s now going to be tested at a different value globally. The RV WILL SHINE LIKE THE SUN! [post 2 of 2]
6-26-2018 Newshound/Intel Guru Walkingstick [via sunny] PCC [Partial convertible currency], by definition is a currency sold with low volumes on the FOREX. Rate now on Forex is maybe around $1.80. A country that does a PCC is Article 14 before going to Article 8. Testing stress of the Iraqi dinar outside of their borders. Countries you can refer to, to see how a PCC was applied are India Rupee and China’s Yuan. All emerging economies use a PCC to go from Article 14 to Article 8. It means they have to convert. Protects their reserves and contracts. How long can a PCC go on? Started two months ago, with jumps on the FOREX, just before 2% compliance. $1.70- $2.00 PCC testing. Trying to hit 3+? That would be an RV. We don't know exactly where we are. [post 1 of 2....stay tuned]
6-26-2018 Newshound Guru Frank26 CBI will introduce small notes electronically at the start of the reinstatement. By limiting the supply electronically and then move the decimal point. This will set up for "physical" delivery of small notes. This is brilliant! At any moment we can see a rate change. Iraq is hiding the RI. "We may see actual change around the FIRST WEEK July. We are pressed up to the final stage of the wall. Control will be electronic as that removes fraud and inflation. The small notes are soon to be dispensed! PCC proves what they have done in country. A convertible currency with low volumes. IT’S BRILLIANT! All citizens will be on par in Iraq "very shortly". [post 3 of 3]
6-26-2018 Newshound Guru Frank26 "Believe we are toward the End of the Time Line." ...You know very well where we’re at. The CBI is following the first quarter orders given to them by the IMF, UST, CBI and POTUS. There should be no one doubting their currency is being re-instated. The currency will be used electronically outside Iraq borders. They are lighting the RI fuse for the RV, for Investors/world markets to buy, sell and trade with it. This forces an increase in value of Iraqi Dinars. [post 2 of 3....stay tuned]
6-26-2018 Newshound Guru Frank26 [via sunny] [Guru] Walkingstick called yesterday. He has a new word. "Very Shortly." WS said, "They are accelerating the pace to do it NOW." Central Bank of Iraq has taken the Iraq Dinar INSIDE IRAQ to a new level. They are using every IMF tool to educate the citizens: cell, TV, ATM machines. 1-1 inside Iraq has gained more purchasing power. Partial convertible currency ( PCC) outside of Iraq will introduce the Iraqi Dinar to global markets. Inside Iraq they are using E Dinars (electronic dinars). They are testing the global markets: "Bird is leaving the nest...." [post 1 of 3....stay tuned]
6-26-2018 Newshound Guru MilitiaMan Earlier on there was mention of the word by Frank [Guru Frank26] and others...Assimilate: To make similar: was part of the translation. Well imo they are doing just that now. That is the phase imo we are in and we will watch the assimilation very shortly.. lol...They have already printed the new currency, well imo that currency we await imo will be similar to the ones we and they have now, just less the zeros. Imo to not have confusion, they will be similar to the old in nature, art work, size, color, etc... They will need to be, as they will be along side each other for some years...The CBI warned people to not print fake news as to create confusion for the citizens, just like they warned people not to take advantage in regard to the currency, as they will have similar value in country.. imo. All part of the plan that is imo underway.. imo.
6-26-2018 Newshound Guru Kaperoni ...the fact is, they cannot reduce the money supply at least until they end the auctions. And I do a lot of research... there is zero evidence of any indication...the money supply has been reduced. In fact, reports that come out from the CBI indicate that the money supply has gone up over the years.
6-26-2018 Newshound/Intel Guru Mnt Goat Here we sit just less than 1 week prior to the target date of June 30th for the formation of the newly elected Iraqi government. This could prove to be a pivotal week for us in that they must complete the recounting effort prior to July 1st . Based on everything else we are now hearing...I am afraid to say this probably will not happen. Some Iraqi electoral commission representatives tell us it should take 3 days, others say 10 days and then others months. Who knows? All we can go on now is what they (Iraq) are telling us. Many of you are beginning to WORRY and get ANXIOUS to exchange your dinar at the banks. ...this reinstatement of the dinar will occur and very shortly but not this week. We just have to be patient and let it all play out.
6-26-2018 Newshound/Intel Guru Walkingstick [via sunny] PCC [Partial convertible currency], by definition is a currency sold with low volumes on the FOREX. Rate now on Forex is maybe around $1.80. A country that does a PCC is Article 14 before going to Article 8. Testing stress of the Iraqi dinar outside of their borders. Countries you can refer to, to see how a PCC was applied are India Rupee and China’s Yuan. All emerging economies use a PCC to go from Article 14 to Article 8. It means they have to convert. Protects their reserves and contracts. How long can a PCC go on? Started two months ago, with jumps on the FOREX, just before 2% compliance. $1.70- $2.00 PCC testing. Trying to hit 3+? That would be an RV. We don't know exactly where we are. [post 1 of 2....stay tuned]
6-26-2018 Newshound Guru Frank26 CBI will introduce small notes electronically at the start of the reinstatement. By limiting the supply electronically and then move the decimal point. This will set up for "physical" delivery of small notes. This is brilliant! At any moment we can see a rate change. Iraq is hiding the RI. "We may see actual change around the FIRST WEEK July. We are pressed up to the final stage of the wall. Control will be electronic as that removes fraud and inflation. The small notes are soon to be dispensed! PCC proves what they have done in country. A convertible currency with low volumes. IT’S BRILLIANT! All citizens will be on par in Iraq "very shortly". [post 3 of 3]
6-26-2018 Newshound Guru Frank26 "Believe we are toward the End of the Time Line." ...You know very well where we’re at. The CBI is following the first quarter orders given to them by the IMF, UST, CBI and POTUS. There should be no one doubting their currency is being re-instated. The currency will be used electronically outside Iraq borders. They are lighting the RI fuse for the RV, for Investors/world markets to buy, sell and trade with it. This forces an increase in value of Iraqi Dinars. [post 2 of 3....stay tuned]
6-26-2018 Newshound Guru Frank26 [via sunny] [Guru] Walkingstick called yesterday. He has a new word. "Very Shortly." WS said, "They are accelerating the pace to do it NOW." Central Bank of Iraq has taken the Iraq Dinar INSIDE IRAQ to a new level. They are using every IMF tool to educate the citizens: cell, TV, ATM machines. 1-1 inside Iraq has gained more purchasing power. Partial convertible currency ( PCC) outside of Iraq will introduce the Iraqi Dinar to global markets. Inside Iraq they are using E Dinars (electronic dinars). They are testing the global markets: "Bird is leaving the nest...." [post 1 of 3....stay tuned]
6-26-2018 Newshound Guru MilitiaMan Earlier on there was mention of the word by Frank [Guru Frank26] and others...Assimilate: To make similar: was part of the translation. Well imo they are doing just that now. That is the phase imo we are in and we will watch the assimilation very shortly.. lol...They have already printed the new currency, well imo that currency we await imo will be similar to the ones we and they have now, just less the zeros. Imo to not have confusion, they will be similar to the old in nature, art work, size, color, etc... They will need to be, as they will be along side each other for some years...The CBI warned people to not print fake news as to create confusion for the citizens, just like they warned people not to take advantage in regard to the currency, as they will have similar value in country.. imo. All part of the plan that is imo underway.. imo.
6-26-2018 Newshound Guru Kaperoni ...the fact is, they cannot reduce the money supply at least until they end the auctions. And I do a lot of research... there is zero evidence of any indication...the money supply has been reduced. In fact, reports that come out from the CBI indicate that the money supply has gone up over the years.
6-26-2018 Newshound/Intel Guru Mnt Goat Here we sit just less than 1 week prior to the target date of June 30th for the formation of the newly elected Iraqi government. This could prove to be a pivotal week for us in that they must complete the recounting effort prior to July 1st . Based on everything else we are now hearing...I am afraid to say this probably will not happen. Some Iraqi electoral commission representatives tell us it should take 3 days, others say 10 days and then others months. Who knows? All we can go on now is what they (Iraq) are telling us. Many of you are beginning to WORRY and get ANXIOUS to exchange your dinar at the banks. ...this reinstatement of the dinar will occur and very shortly but not this week. We just have to be patient and let it all play out.
6-25-2018 Newshound/Intel Guru Randy Koonce Another 'rumor' going around is that it is 1 to 1 in Iraq already. The only reason to RV is to be able to use it in the world market place. World Market Place means 'outside of Iraq'. ...You are NOT 'in Iraq'. And until the rate changes on cbi.iq - it makes no difference to you or I what is going on inside of Iraq. About 3 weeks ago, there was a statement added to the CBI website (you know - cbi.iq) that basically explains to the Iraqis what to do and how to bring in old and damaged money. The good news is that this statement basically started the RV process. Iraqis will only notice after the rate changes that it does not take as much to buy bread as it did before. [You can see the official CBI rate and Market rate in the left column of this page...]
6-25-2018 Newshound Guru chattels [referencing election results] Recent news report states that the manual recount will not begin until Wednesday / Thursday of this week. Historically manual recounts in Iraq have taken four weeks. Official announcement will involve review / action by the " Iraqi Supreme Court ".
6-25-2018 Newshound Guru Kaperoni If there is an overnight event you can be assured it's a LOP. No country could RV or RI with 60 trillion+ in circulation. Every single one of us should hope and pray the CBI gives up the peg...chooses a new exchange rate regime that is a float and allows the dinar to gradually rise over time as the IMF stated allowing them to reduce the money supply. Only then can we gain from the full appreciation of the dinar. Personally I believe this is what will happen because it supports the transition of monetary policy, it supports the financial system, and it alleviates inflationary pressure. ...I've already said...it's not possible to reduce the money supply while having daily currency auctions.
6-25-2018 Newshound/Intel Guru Mnt Goat ...as we know... the currency auctions will go away as they are run today once the value changes and the dinar is reinstated and traded. There will be no need for the auctions any longer. Let me ask you this: Then why is the CBI taking such a large effort now to get the dollars out of circulation in Iraq and force the citizens to use dinars? Can you see they are already beginning to make the transition and are weening the economy off the use of the dollars. So we know the move to end the currency auctions must not be too far in the near future. I like the part when she calls on the banks to “act quickly”.
[post 2 of 2]
6-25-2018 Newshound/Intel Guru Mnt Goat Article: "CALLS ON BANKS TO ACT QUICKLY TO AVOID THE CAUSES AND EFFECTS OF POTENTIAL CRISES BY RETURNING TO INCOME-PRODUCING BANKING PRODUCTS AND NOT RELYING ON THE CURRENCY WINDOW FOREVER" ...basically this article is all about the currency window and how the banks are overlying on the money they are making off it. The author is saying its time to stop relying so much on the currency window for revenue and diversify into other products to generate revenue for the banks. I quote – “NOT RELYING ON THE CURRENCY WINDOW FOREVER”. Its time for the CBI to help them find other products and help rescue them. ...this is very good news for us... [post 1 of 2....stay tuned]
6-25-2018 Newshound/Intel Guru Randy Koonce What if the election does not get resolved? From what I understand, if all goes bad and it looks like it will go forever, then POTUS is wanting this out anyway and will continue to apply pressure to get it finished. This window will remain open until around the 8th of July. ...In my opinion, the pressure being applied will make this go, and will get it done much sooner. And, if you see the "Sadr and Abadi Play Nice" speech, with them having the largest block as the Papers are indicating now, it will be much sooner...So, hang in there Everyone. It's coming, one way or the other!! We are close.. Every large bank will exchange.. RELAX the RV is coming... Breathe. [post 3 of 3]
6-25-2018 Newshound/Intel Guru Randy Koonce This should have been finished in May. There was an Organization, who shall remain nameless, that thought they knew better about what needed to happen in the election; and therefore did not release it as planned. That being said, our POTUS is VERY tired of waiting for this to go off. He has applied, and is still applying lots of pressure on this, along with several other major countries. The US has been involved in the background along with the UN to resolve the Election Mess and get this rolled out for the benefit of all of us. The Election results should be announced officially no later than the end of next week. Shortly after that announcement, we should/will see the rate change... [post 2 of 3....stay tuned]
6-25-2018 Newshound/Intel Guru Randy Koonce First, are we in a new window of opportunity 'right now'. When I say that, it does not mean it will happen without a doubt in this current window; it does mean that there is a very good chance for the rate to finally change...At the bottom of every update I always state: When it happens, check the cbi.iq to verify!! That is where I check. And if the Conversion rate is different -then it happened! On the website today (cbi.iq) it shows: US Dollar US 1190...Until it changes on that website, no one will be able to go to any bank and exchange your dinar. It has to change there FIRST. ...Here is what I do know... [post 1 of 3...stay tuned] {You can see the Official CBI rate and Market Rate in the left Resource column of this page...}
6-25-2018 Newshound Guru chattels [referencing election results] Recent news report states that the manual recount will not begin until Wednesday / Thursday of this week. Historically manual recounts in Iraq have taken four weeks. Official announcement will involve review / action by the " Iraqi Supreme Court ".
6-25-2018 Newshound Guru Kaperoni If there is an overnight event you can be assured it's a LOP. No country could RV or RI with 60 trillion+ in circulation. Every single one of us should hope and pray the CBI gives up the peg...chooses a new exchange rate regime that is a float and allows the dinar to gradually rise over time as the IMF stated allowing them to reduce the money supply. Only then can we gain from the full appreciation of the dinar. Personally I believe this is what will happen because it supports the transition of monetary policy, it supports the financial system, and it alleviates inflationary pressure. ...I've already said...it's not possible to reduce the money supply while having daily currency auctions.
6-25-2018 Newshound/Intel Guru Mnt Goat ...as we know... the currency auctions will go away as they are run today once the value changes and the dinar is reinstated and traded. There will be no need for the auctions any longer. Let me ask you this: Then why is the CBI taking such a large effort now to get the dollars out of circulation in Iraq and force the citizens to use dinars? Can you see they are already beginning to make the transition and are weening the economy off the use of the dollars. So we know the move to end the currency auctions must not be too far in the near future. I like the part when she calls on the banks to “act quickly”.
[post 2 of 2]
6-25-2018 Newshound/Intel Guru Mnt Goat Article: "CALLS ON BANKS TO ACT QUICKLY TO AVOID THE CAUSES AND EFFECTS OF POTENTIAL CRISES BY RETURNING TO INCOME-PRODUCING BANKING PRODUCTS AND NOT RELYING ON THE CURRENCY WINDOW FOREVER" ...basically this article is all about the currency window and how the banks are overlying on the money they are making off it. The author is saying its time to stop relying so much on the currency window for revenue and diversify into other products to generate revenue for the banks. I quote – “NOT RELYING ON THE CURRENCY WINDOW FOREVER”. Its time for the CBI to help them find other products and help rescue them. ...this is very good news for us... [post 1 of 2....stay tuned]
6-25-2018 Newshound/Intel Guru Randy Koonce What if the election does not get resolved? From what I understand, if all goes bad and it looks like it will go forever, then POTUS is wanting this out anyway and will continue to apply pressure to get it finished. This window will remain open until around the 8th of July. ...In my opinion, the pressure being applied will make this go, and will get it done much sooner. And, if you see the "Sadr and Abadi Play Nice" speech, with them having the largest block as the Papers are indicating now, it will be much sooner...So, hang in there Everyone. It's coming, one way or the other!! We are close.. Every large bank will exchange.. RELAX the RV is coming... Breathe. [post 3 of 3]
6-25-2018 Newshound/Intel Guru Randy Koonce This should have been finished in May. There was an Organization, who shall remain nameless, that thought they knew better about what needed to happen in the election; and therefore did not release it as planned. That being said, our POTUS is VERY tired of waiting for this to go off. He has applied, and is still applying lots of pressure on this, along with several other major countries. The US has been involved in the background along with the UN to resolve the Election Mess and get this rolled out for the benefit of all of us. The Election results should be announced officially no later than the end of next week. Shortly after that announcement, we should/will see the rate change... [post 2 of 3....stay tuned]
6-25-2018 Newshound/Intel Guru Randy Koonce First, are we in a new window of opportunity 'right now'. When I say that, it does not mean it will happen without a doubt in this current window; it does mean that there is a very good chance for the rate to finally change...At the bottom of every update I always state: When it happens, check the cbi.iq to verify!! That is where I check. And if the Conversion rate is different -then it happened! On the website today (cbi.iq) it shows: US Dollar US 1190...Until it changes on that website, no one will be able to go to any bank and exchange your dinar. It has to change there FIRST. ...Here is what I do know... [post 1 of 3...stay tuned] {You can see the Official CBI rate and Market Rate in the left Resource column of this page...}
6-24-2018 Newshound/Intel Guru Mnt Goat Why did the CBI decrease the money supply of dinars already if not to prepare to control the money supply (decrease it). This is a proactive inflationary measure for what is to come. Why did the CBI modernize the banking system to electronic banking and POS if not to limit the money supply and be able to control it for inflation later. Why sell (distribute) the newer category notes (fils, 1,2,5,10,50,100, 200,500) to the banks if they did not intend to use them very soon? This is capital the banks now have tied up. We were told in an article last November that over the period Nov 2016 thru Nov 2017 the CBI has been distributing the newer category notes to the banks. What is this all for if not to significantly raise the value?
6-24-2018 Newshound/Intel Guru BGG Article: "The largest bloc was settled away from Maliki’s coalition .. Sadr will officially announce from Baghdad" Quote: “An agreement was reached on the formation of a cross-sectarian alliance between coalition and victory and victory,” Abadi said during a joint news conference with al-Sadr." This makes it… pretty much a SLAM DUNK. Sadr, Abadi (which I thought would happen all along), Ameri (slight surprise) and Hakim = PLENTY. I predict they will also include all the Sunnis and Kurds who wish to be included. This may well be the most inclusive Iraqi GOI yet. Like I said in the beginning… relax. Let this happen.
6-24-2018 Intel Guru Frank26 At the present program rate there is very little interest for the global markets to buy, sell and trade with the Dinar at a penny stock return. But the key is that IMO, the PCC started a while ago and is in a position to receive a rate change that would cause great interest in the global market, because at the program rate, the CBI cannot measure supply and demand for their currency...Outside of Iraq an RV will evolve because inside of Iraq the RI was successful with the citizens. ...Many tools are now in positions electronically to distribute the LD’s. Notice everything we share is now being targeted to a bullseye – the RI! ...our faces are pressed up against the RI wall, the final phases of the RI roll out! [post 3 of 3]
6-24-2018 Intel Guru Frank26 ...the PCC is landing outside of the borders of Iraq...While the CBI and her BB’s (baby banks – merchant outlets) were in the process of issuing cards inside of Iraq for the citizens to purchase with, they made these cards to purchase with outside of Iraq too. IMO, Iraq is nearing a partial convertibility of their currency. Inside Iraq at 1:1 for the citizens and now outside of Iraq on an International level electronically as well...At low volumes that will be traded on the FOREX ...to test the global markets for the supply and demand need of the IQD. [post 2 of 3....stay tuned]
6-24-2018 Intel Guru Frank26 [via sunny] ...During Eid, the CBI went through a campaign of passing out cards. Cash advancements via E Dinars to the citizens...The citizens are being introduced IMO, to purchasing power – PP. During that same process they were introduced to International cards and guided to POS (point of sale) for the introduction of LD’s to come once they lift the restrictions on their currency. MC’s an Visa’s were passed out during Eid. Qi cards were distributed for pay and retirement via E Dinars...All of this was done “inside of Iraq,” ...for the citizens because the RI is about the citizens and all of the citizens...will be introduced to a 1:1 PP... ...Then, there was an article that came out a couple of days ago telling you about the CBI and a “partial convertibility of their currency” soon to come. But where...is the PCC going to land? (PPC – Partial Convertibility Currency) This is your golden spike... [post 1 of 3....stay tuned]
6-24-2018 Newshound/Intel Guru BGG Article: "The largest bloc was settled away from Maliki’s coalition .. Sadr will officially announce from Baghdad" Quote: “An agreement was reached on the formation of a cross-sectarian alliance between coalition and victory and victory,” Abadi said during a joint news conference with al-Sadr." This makes it… pretty much a SLAM DUNK. Sadr, Abadi (which I thought would happen all along), Ameri (slight surprise) and Hakim = PLENTY. I predict they will also include all the Sunnis and Kurds who wish to be included. This may well be the most inclusive Iraqi GOI yet. Like I said in the beginning… relax. Let this happen.
6-24-2018 Intel Guru Frank26 At the present program rate there is very little interest for the global markets to buy, sell and trade with the Dinar at a penny stock return. But the key is that IMO, the PCC started a while ago and is in a position to receive a rate change that would cause great interest in the global market, because at the program rate, the CBI cannot measure supply and demand for their currency...Outside of Iraq an RV will evolve because inside of Iraq the RI was successful with the citizens. ...Many tools are now in positions electronically to distribute the LD’s. Notice everything we share is now being targeted to a bullseye – the RI! ...our faces are pressed up against the RI wall, the final phases of the RI roll out! [post 3 of 3]
6-24-2018 Intel Guru Frank26 ...the PCC is landing outside of the borders of Iraq...While the CBI and her BB’s (baby banks – merchant outlets) were in the process of issuing cards inside of Iraq for the citizens to purchase with, they made these cards to purchase with outside of Iraq too. IMO, Iraq is nearing a partial convertibility of their currency. Inside Iraq at 1:1 for the citizens and now outside of Iraq on an International level electronically as well...At low volumes that will be traded on the FOREX ...to test the global markets for the supply and demand need of the IQD. [post 2 of 3....stay tuned]
6-24-2018 Intel Guru Frank26 [via sunny] ...During Eid, the CBI went through a campaign of passing out cards. Cash advancements via E Dinars to the citizens...The citizens are being introduced IMO, to purchasing power – PP. During that same process they were introduced to International cards and guided to POS (point of sale) for the introduction of LD’s to come once they lift the restrictions on their currency. MC’s an Visa’s were passed out during Eid. Qi cards were distributed for pay and retirement via E Dinars...All of this was done “inside of Iraq,” ...for the citizens because the RI is about the citizens and all of the citizens...will be introduced to a 1:1 PP... ...Then, there was an article that came out a couple of days ago telling you about the CBI and a “partial convertibility of their currency” soon to come. But where...is the PCC going to land? (PPC – Partial Convertibility Currency) This is your golden spike... [post 1 of 3....stay tuned]
6-23-2018 Newshound/Intel Guru Mnt Goat ...a German company namely Bertelsmann Stiftung, did a currency analysis of Iraq from 2015 to 2017...this report ...is telling us the CBI does NOT intend to float the currency starting from the 1190 CBI rate. Next it tells us some kind of significant increase ($1.17-1.71 or ?) is going to happen from day 1 on the reinstatement, then this starting rate will by [be ?] the launching rate on the global currency exchanges namely FOREX. ...it is not going to take years or even months to get to a significant value rise that we want to go to the bank. It is going to come right out of the gate with a substantial increase in value probably very close to $1.80 - $2.00 or a bit higher now that all the reforms are in place.
6-23-2018 Newshound Guru Kaperoni I saw...that someone posted that they expected Iraq to get into the WTO soon...it's not happening but a year-and-a-half ago the WTO told Iraq until they reduce the dependence on oil there's no chance...I believe the number they said was 70%. Iraq has a long ways to go before they're ready for the WTO. The reference of the WTO in itself does encourage currency reform which is a good thing. In other words before Iraq gets in the WTO they're going to need a private sector and begin to produce exports that will reduce the dependence on oil then they'll be ready for the WTO.
6-23-2018 Intel Guru RayRen98 EVERYTHING IS LOOKING GOOD...DON'T FOCUS ALL OF YOUR ATTENTION ON THE POLITICS OF IRAQ.
6-23-2018 Newshound Guru Breitling People are always asking, “Is this going to be a slow float or is it going to be fast?” I think there is going to be a hard revaluation and it goes up from there. But what if there is a small float in-between? It doesn’t mean anything. They are going to have to add a real value to their currency. Otherwise they are not going to be able to financially make it. They can maintain, but their country is going to come apart…I think it’s coming down the road fast…
6-23-2018 Newshound/Intel Guru Mnt Goat Thus, the dinar is still to be pegged (and must be pegged to something) and yet can still be put on a float. The IMF has told us many times they fully intent to peg the dinar on an SDR basket of 5 currencies initially and then allow it to go on a managed free float. ...This is all spelled out already by the CBI years ago what they intend to do. But the important part here I want to emphasize is that when the CBI changes over from the de-facto peg of just the US dollar to the SDR basket, a new rate must be re-established according to the new peg, the SDR basket...This new peg adjustment to the rate is the rate everyone is talking about when they refer to an RV. [post 3 of 3]
6-23-2018 Newshound/Intel Guru Mnt Goat I do not agree with his analysis...on this issue of a Float vs Peg. [reference Guru Kaperoni post 6-19-2018, part 2] ...the “peg” that the Iraqi dinar is currently on is a “de facto” peg, pegged to the US dollar only. A currency, any currency, must be pegged to something to stabilize it’s value thus something to relate it to. Putting the dinar on a float and pegging the dinar are entirely two different things...It is not one or the other...but BOTH. A currency can still be pegged and the also placed on a managed float at the same time. These are two different tools. The float allows for ease of fluctuations in the rate as demand suggests in the market. A peg is used to attach a currency to another country’s currency (or countries currencies) to stabilize it’s value and spread the risk (so that if one fails the others still maintain some value and they all don’t crash). [post 2 of 3....stay tuned]
6-23-2018 Newshound Guru Kaperoni I saw...that someone posted that they expected Iraq to get into the WTO soon...it's not happening but a year-and-a-half ago the WTO told Iraq until they reduce the dependence on oil there's no chance...I believe the number they said was 70%. Iraq has a long ways to go before they're ready for the WTO. The reference of the WTO in itself does encourage currency reform which is a good thing. In other words before Iraq gets in the WTO they're going to need a private sector and begin to produce exports that will reduce the dependence on oil then they'll be ready for the WTO.
6-23-2018 Intel Guru RayRen98 EVERYTHING IS LOOKING GOOD...DON'T FOCUS ALL OF YOUR ATTENTION ON THE POLITICS OF IRAQ.
6-23-2018 Newshound Guru Breitling People are always asking, “Is this going to be a slow float or is it going to be fast?” I think there is going to be a hard revaluation and it goes up from there. But what if there is a small float in-between? It doesn’t mean anything. They are going to have to add a real value to their currency. Otherwise they are not going to be able to financially make it. They can maintain, but their country is going to come apart…I think it’s coming down the road fast…
6-23-2018 Newshound/Intel Guru Mnt Goat Thus, the dinar is still to be pegged (and must be pegged to something) and yet can still be put on a float. The IMF has told us many times they fully intent to peg the dinar on an SDR basket of 5 currencies initially and then allow it to go on a managed free float. ...This is all spelled out already by the CBI years ago what they intend to do. But the important part here I want to emphasize is that when the CBI changes over from the de-facto peg of just the US dollar to the SDR basket, a new rate must be re-established according to the new peg, the SDR basket...This new peg adjustment to the rate is the rate everyone is talking about when they refer to an RV. [post 3 of 3]
6-23-2018 Newshound/Intel Guru Mnt Goat I do not agree with his analysis...on this issue of a Float vs Peg. [reference Guru Kaperoni post 6-19-2018, part 2] ...the “peg” that the Iraqi dinar is currently on is a “de facto” peg, pegged to the US dollar only. A currency, any currency, must be pegged to something to stabilize it’s value thus something to relate it to. Putting the dinar on a float and pegging the dinar are entirely two different things...It is not one or the other...but BOTH. A currency can still be pegged and the also placed on a managed float at the same time. These are two different tools. The float allows for ease of fluctuations in the rate as demand suggests in the market. A peg is used to attach a currency to another country’s currency (or countries currencies) to stabilize it’s value and spread the risk (so that if one fails the others still maintain some value and they all don’t crash). [post 2 of 3....stay tuned]
6-22-2018 *** Dinar Guru UPDATE *** The CBI FINALLY UPDATED the market rate yesterday!. It appears they have successfully maintained compliance with the IMF 2% for 90 days! This is a huge accomplishment. Guru Kaperoni and the other gurus who feel this is important for the dinar believe the CBI must maintain the 2% rule and send a letter to the IMF requesting/accepting Article VIII if they want to take the next step with the dinar. You can see the CBI official rates in the left column of this page. Stay tuned as the gurus chime in on this very important subject. The latest guru posts will continue below...
6-22-2018 Newshound/Intel Guru Mnt Goat FLOAT vs PEG...[Guru] Kaperoni insists that the dinar will not be revalued and that it is not even going to go through a reinstatement. He believes the market will drive up the value of the dinar. ...Sure I too believe there is not a planned “revaluation” from the sense of the IMF terminology. Rather the term “revaluation” most of us are now using is being used to mean ANY substantial increase in the value of the dinar worth going to the bank to exchange. In other words, some kind of return on my investment. But here is the important part... How will the IMF re-peg the dinar to the SDR basket of 5 currencies without adjusting the rate?...I tend to like Kaperoni because he is a good researcher and tries very hard to keep things factual and accrate. However...
[post 1 of 3....stay tuned]
6-22-2018 Newshound Guru Adam Montana [Regarding the Article 8 requirement that a country must maintain no more than a 2% differntial between the official rate and the market rate for 90 days before it can transition to Article 8.... Since Iraq finally was able to maintain that compliance for 90 days as Friday, June 15, and since Iraq does not appear to have been motivated to do that until now, do you agree this is a good indication that Iraq wants to move to Article 8 shortly, especially since they've been had trouble maintaining less than 2% previously?] Compliance/entry into Article 8 does not magically influence the world to resume trading IQD in the same manner as we do other currencies you can find at any old exchange desk... all the way down to the mexican peso! Thinking about it this way can be a bit of a distraction, so I try not to put a ton of emphasis or importance on "Article 8". The IQD will become "internationally recognized" once Iraq itself puts their faith into it - and that will be symbolized/shown with an RV. When the CBI changes the rate, nobody will care about Article 8.
6-22-2018 Newshound/Intel Guru tman23 The truth of the matter is Iraq has plans to implement monetary reform and get off the additional 3 zero money system. ...THE FIRST THING YOU WILL SEE HAPPEN... The Introduction of the new currency... This is NOT A TURN ON THE ATM EVENT AND RELEASE THE NEW CURRENCY NOTES... THIS WILL BE AN EDUCATIONAL PROCESS. They will introduce and describe the new currency notes and security features to EVERYONE...EVERYONE WILL SEE THE START OF THE EDUCATIONAL PROCESS AT THE SAME TIME ON THE NEW CURRENCY AND NOT JUST INSIDE OF IRAQ... PEOPLE TRAVEL TO IRAQ AND EXCHANGE TO USE THEIR CURRENCY SO THE WORLD WILL KNOW OF THIS CURRENCY NOT JUST IRAQI'S... This is an exact statement made in Iraq "The new currency must come first as a prelude to lifting the 3 zeros from the currency notes"...Make SENSE? AND 3 zero notes will never ever FLOAT...
6-22-2018 Newshound Guru Don961 "Iraq discloses designs for redenominated banknotes slated for July 2013" Were they poised to do this in 2013??? ... did DRS [Dr. Shabibi] and the CBI have everything ready to launch??...oh yes!!!... ...this article came out in July 2012... "The independence of the CBI suffered a setback in January 2011 when former Prime Minister al-Maliki won a court ruling that placed independent institutions, including the CBI, under the control of the cabinet. In January 2012, the CBI raised the exchange rate of the Iraqi dinar to $1.19, causing a huge crisis that led the Supreme Judicial Council to issue an arrest warrant for CBI governor Sinan al-Shabibi in October 2012 on charges of corruption." It was that close!!!...imo.
6-22-2018 Newshound Guru BobTheTaxMan …The sanctions that were imposed on the CBI had been taken off and what people may not realize is that the Central Bank of Iran (not Iraq) have been siphoning U.S. Dollars from the CBI into Iran…Well the Central Bank of Iraq was approached by the U.S. government saying, “hey this doesn’t help us…this isn’t going to work and you’re still under sanctions.” So the CBI says we see what you’re saying so they shut them off [Iran]…if you would have watched the news you would have seen where the Central Bank of Iran had sanctions imposed upon it and the flow of money going to them got cut off because the Central Bank of Iraq said nope we’re done. One week later the sanctions that were imposed [On the CBI} since clear back in the 90’s (since the invasion of Kuwait) are now gone. The CBI is fully functional. It has the ability to do everything it needs to do…
6-22-2018 Newshound Guru Kaperoni [Many...say that the CBI has said "NO FLOAT"...] A float solves that issue...here is the problem with that "no float" comment...the CBI has stated on at least 10 times they will float...my view is that the CBI was simply saying they could not float at the time...which makes sense...they were out of compliance and not ready... if the CBI expects (and they do) large investors investment coming to Iraq it will create pressure on the financial system...A peg must go...there is only one alternative...a float...and the IMF made it clear...move to a more liberal exchange rate regime... it will rise fast then... put the words liberal exchange rate regime in google...those are the IMF words not mine...answer...floating or flexible exchange rate. [post 3 of 3]
6-22-2018 Newshound Guru Kaperoni If I was a Lop guy it would be different but with a float, its the same result just slower... dont know how fast it rise...[What does "Deleting the 000" mean to you?] it mean two things 1. a LOP 2. raise the value and the zeros go away ...with 60 trillion + dinar in circulation we better hope they decide to raise the value gradually via float because the alternative is a LOP. I am not saying they will, in fact I believe they won't but there cannot be a RV or RI with that much dinar on the streets and those who say they are reducing it are wrong...you cannot reduce the money supply when the CBI has currency auctions...they can remove the paper, but the money supply has to remain...the auctions are a balance of dinar to dollars. drawing one or the other in creates demand which would throw the spread out of wack. So until the auction end they cannot reduce the money supply substantially... [post 2 of 3....stay tuned]
6-22-2018 Newshound Guru Kaperoni ...the IMF made it clear in 2012..move to a more liberal exchange rate regime...That is a float...but this is not some random act...the reasons are clear...the CBI needs a mechanism to counter inflationary pressure...the float is the mechanism. [If they send a request to be put in Article 8 will that be known publicly?] the IMF should publish that yes but...I believe the best chance for that would be at the same time as when they have their Article IV Consultation...sorta give the CBI a rubber stamp of approval...usually those are in March, but a few years ago they had one in June...So I am expecting it soon... I do expect the CBI to accept Article VIII soon though... [Guru] Enorrste thinks anytime and they won't wait for the GOI, I not so sure...CBI got to be antsy... risky if falls out of compliance. [post 1 of 3....stay tuned]
6-22-2018 Intel Guru Bruce ...we are in a very good position right now. I heard some things yesterday that were telling us just exactly how close we were. Even though we didn’t get a start last night or this morning [Thursday], we are in good place for that to take place. ...I will say now Iraq did their thing. We got word out of Fallujah that today Iraq did make their announcement about their elections and did essentially what they needed to do...Also, they did have a reinstatement of their rate...I believe they have their actual revalued rate ready to go. When you are down to the wire, really down to where you can see that finish line and cross through and break through that tape like we are going to do, there is not a whole lot else that I can even think of that we need to know. I am excited about our timing. I have heard of a specific time frame that we are looking at right now for this.
[post 1 of 3....stay tuned]
6-22-2018 Newshound Guru Adam Montana [Regarding the Article 8 requirement that a country must maintain no more than a 2% differntial between the official rate and the market rate for 90 days before it can transition to Article 8.... Since Iraq finally was able to maintain that compliance for 90 days as Friday, June 15, and since Iraq does not appear to have been motivated to do that until now, do you agree this is a good indication that Iraq wants to move to Article 8 shortly, especially since they've been had trouble maintaining less than 2% previously?] Compliance/entry into Article 8 does not magically influence the world to resume trading IQD in the same manner as we do other currencies you can find at any old exchange desk... all the way down to the mexican peso! Thinking about it this way can be a bit of a distraction, so I try not to put a ton of emphasis or importance on "Article 8". The IQD will become "internationally recognized" once Iraq itself puts their faith into it - and that will be symbolized/shown with an RV. When the CBI changes the rate, nobody will care about Article 8.
6-22-2018 Newshound/Intel Guru tman23 The truth of the matter is Iraq has plans to implement monetary reform and get off the additional 3 zero money system. ...THE FIRST THING YOU WILL SEE HAPPEN... The Introduction of the new currency... This is NOT A TURN ON THE ATM EVENT AND RELEASE THE NEW CURRENCY NOTES... THIS WILL BE AN EDUCATIONAL PROCESS. They will introduce and describe the new currency notes and security features to EVERYONE...EVERYONE WILL SEE THE START OF THE EDUCATIONAL PROCESS AT THE SAME TIME ON THE NEW CURRENCY AND NOT JUST INSIDE OF IRAQ... PEOPLE TRAVEL TO IRAQ AND EXCHANGE TO USE THEIR CURRENCY SO THE WORLD WILL KNOW OF THIS CURRENCY NOT JUST IRAQI'S... This is an exact statement made in Iraq "The new currency must come first as a prelude to lifting the 3 zeros from the currency notes"...Make SENSE? AND 3 zero notes will never ever FLOAT...
6-22-2018 Newshound Guru Don961 "Iraq discloses designs for redenominated banknotes slated for July 2013" Were they poised to do this in 2013??? ... did DRS [Dr. Shabibi] and the CBI have everything ready to launch??...oh yes!!!... ...this article came out in July 2012... "The independence of the CBI suffered a setback in January 2011 when former Prime Minister al-Maliki won a court ruling that placed independent institutions, including the CBI, under the control of the cabinet. In January 2012, the CBI raised the exchange rate of the Iraqi dinar to $1.19, causing a huge crisis that led the Supreme Judicial Council to issue an arrest warrant for CBI governor Sinan al-Shabibi in October 2012 on charges of corruption." It was that close!!!...imo.
6-22-2018 Newshound Guru BobTheTaxMan …The sanctions that were imposed on the CBI had been taken off and what people may not realize is that the Central Bank of Iran (not Iraq) have been siphoning U.S. Dollars from the CBI into Iran…Well the Central Bank of Iraq was approached by the U.S. government saying, “hey this doesn’t help us…this isn’t going to work and you’re still under sanctions.” So the CBI says we see what you’re saying so they shut them off [Iran]…if you would have watched the news you would have seen where the Central Bank of Iran had sanctions imposed upon it and the flow of money going to them got cut off because the Central Bank of Iraq said nope we’re done. One week later the sanctions that were imposed [On the CBI} since clear back in the 90’s (since the invasion of Kuwait) are now gone. The CBI is fully functional. It has the ability to do everything it needs to do…
6-22-2018 Newshound Guru Kaperoni [Many...say that the CBI has said "NO FLOAT"...] A float solves that issue...here is the problem with that "no float" comment...the CBI has stated on at least 10 times they will float...my view is that the CBI was simply saying they could not float at the time...which makes sense...they were out of compliance and not ready... if the CBI expects (and they do) large investors investment coming to Iraq it will create pressure on the financial system...A peg must go...there is only one alternative...a float...and the IMF made it clear...move to a more liberal exchange rate regime... it will rise fast then... put the words liberal exchange rate regime in google...those are the IMF words not mine...answer...floating or flexible exchange rate. [post 3 of 3]
6-22-2018 Newshound Guru Kaperoni If I was a Lop guy it would be different but with a float, its the same result just slower... dont know how fast it rise...[What does "Deleting the 000" mean to you?] it mean two things 1. a LOP 2. raise the value and the zeros go away ...with 60 trillion + dinar in circulation we better hope they decide to raise the value gradually via float because the alternative is a LOP. I am not saying they will, in fact I believe they won't but there cannot be a RV or RI with that much dinar on the streets and those who say they are reducing it are wrong...you cannot reduce the money supply when the CBI has currency auctions...they can remove the paper, but the money supply has to remain...the auctions are a balance of dinar to dollars. drawing one or the other in creates demand which would throw the spread out of wack. So until the auction end they cannot reduce the money supply substantially... [post 2 of 3....stay tuned]
6-22-2018 Newshound Guru Kaperoni ...the IMF made it clear in 2012..move to a more liberal exchange rate regime...That is a float...but this is not some random act...the reasons are clear...the CBI needs a mechanism to counter inflationary pressure...the float is the mechanism. [If they send a request to be put in Article 8 will that be known publicly?] the IMF should publish that yes but...I believe the best chance for that would be at the same time as when they have their Article IV Consultation...sorta give the CBI a rubber stamp of approval...usually those are in March, but a few years ago they had one in June...So I am expecting it soon... I do expect the CBI to accept Article VIII soon though... [Guru] Enorrste thinks anytime and they won't wait for the GOI, I not so sure...CBI got to be antsy... risky if falls out of compliance. [post 1 of 3....stay tuned]
6-22-2018 Intel Guru Bruce ...we are in a very good position right now. I heard some things yesterday that were telling us just exactly how close we were. Even though we didn’t get a start last night or this morning [Thursday], we are in good place for that to take place. ...I will say now Iraq did their thing. We got word out of Fallujah that today Iraq did make their announcement about their elections and did essentially what they needed to do...Also, they did have a reinstatement of their rate...I believe they have their actual revalued rate ready to go. When you are down to the wire, really down to where you can see that finish line and cross through and break through that tape like we are going to do, there is not a whole lot else that I can even think of that we need to know. I am excited about our timing. I have heard of a specific time frame that we are looking at right now for this.
6-21-2018 Intel Guru RayRen98 The Federal Court announced the legitimacy of the third amendment to the election law voted by Parliament. Salim Shawqi was stated as saying, "The decision of the Federal Court was expected, but the results of the elections will not have a major significance." PM Abadi is "expected" to immediately commence the arrest of the crooked politicians who lost their seats on July 1, 2018. He is also expected to start an investigation seeking those responsible for the fall of Mosul as previously requested by Sadr. Implementation of the economic reforms is expected immediately following the placement of the new Parliament members. Citizens have been in a two-week awareness campaign of the new changes by posting lower denoms on the billboards for all to see.
6-21-2018 Newshound Guru Adam Montana [...could the OPEC meeting this week help move the HCL to completion?] I don't think so. I think passing the HCL will prompt another OPEC meeting, but OPEC related matters are going to continue "business as usual" until Iraq actually makes a move on the HCL. With any luck, and the way things are going, I'm hoping to see that happen soon. And I'll welcome the "emergency OPEC meeting" with open arms!
6-21-2018 Newshound/Intel Guru Mnt Goat When will they get this election drama over? ...Going past July 1st will be very dangerous for Iraq especially if the have to go to a “provisional” govt. In the midst of trying to get investors to buy into their 5 year re-development plan, I would place my money on July 1st. It will not look very good if they can’t even get their government formed in a timely manner. Remember they are NOT yet late. They still have until July 1st when the current govt expires. ...I would not count on anything substantial to come out of the CBI until at least after July 1st sometime. If Abadi gets back in for a second term we may see the project to delete the zeros started up again to the final stages sooner than later. If someone else is selected, we just might have to wait it out the full 90 days and it might be later rather than sooner.
6-21-2018 Newshound Guru Kaperoni There can never be an RV or an RI or any other singular event because there's just too much currency in circulation. That is a fact. I'm not saying that dinar will never go up, in fact I believe it will, but it's never going to go up overnight it's going to go up over time and it'll be directly related to the investors and investment in the country.
6-21-2018 Newshound Guru Breitling One of the main things out there is the misconception is that the Iraqi Dinar is not internationally recognized. That’s absolute garbage. Of course it is. I bought my dinar from Chase bank…A lot of us got into the Iraqi Dinar. And then some of them got out of it…so what did they do? They took their currency to Chase Bank and got their money back, minus the 2% or whatever it was that the bank charged. There is no law given by the United States government or the Treasury department or anybody like that that you can’t buy and sell Iraqi dinar. There is no law against it. To sell it you just go get a license to sell it. Well banks were doing that all day long back in the those days. The only reason they stopped was because it was disrupting business. You had little old ladies calling the banks every single day, “Hey, didn’t the Iraqi Dinar revalue?” based on the hype…They simply stopped. Aggressively. That’s how bad it disrupted business.
6-21-2018 Intel Guru Frank26 [via sunny] The POS with MasterCard and Visa’s is HUGE! This POS [Point of sale] is crucial to the bankers and investors. Because of the POS the banking system of Iraq has changed dramatically. Their business and personal accounts are open to the world. ...The door for...contracts is open to the world. ...The POS is talking clearly about a price change in Iraq...The cost of goods in Iraq is about to change because of the POS...Their purchasing power has increased due to the POS...this is not a revalue. This is a reinstatement, a roll out within the country of Iraq...It’s reinstatement material. THIS POS IS TALKING ABOUT A RATE CHANGE IN IRAQ!!! ...The CBI and her BB’s are now set up for the reinstatement. (BB’s – Mom and Pop stores, ATM’s are baby banks.) This action ends the auctions, the corruption. This puts the reinstatement on a real fast track.
6-21-2018 Newshound Guru Kaperoni [well the bandwagon came and went. 90 days over. No Article 8?...] ...I never said they would move. I said it was a requirement TO move to Article VIII. Compliance is important to the IMF. That being said, i do expect the CBI to write the letter accepting Art VIII as soon as possible. I stated in March that not only would Iraq have to meet IMF compliance but they probably would wait for the formation of the new GOI before accepting Article VIII. That being said, waiting is risky for the CBI. Iraq needs to end the auctions to stop the risk of depleting reserves, they need investment, and they need to put people back to work. If they fall out of compliance they will be required to go another 3 months maintaining the spread at 2% or less. Risky... These requirements are not flexible. The CBI has to prove they can do this in order to move to Article VIII. These are the big boys, bankers who know what they are doing.
6-21-2018 Newshound Guru Adam Montana [...aside from the HCL happening, what else do you think has to happen for the RV to become a reality?] The immediate need is the election results... Iraq needs a captain for their ship. This should be done in short order, and then we're back on the hunt for HCL.
6-21-2018 Newshound Guru Adam Montana [...could the OPEC meeting this week help move the HCL to completion?] I don't think so. I think passing the HCL will prompt another OPEC meeting, but OPEC related matters are going to continue "business as usual" until Iraq actually makes a move on the HCL. With any luck, and the way things are going, I'm hoping to see that happen soon. And I'll welcome the "emergency OPEC meeting" with open arms!
6-21-2018 Newshound/Intel Guru Mnt Goat When will they get this election drama over? ...Going past July 1st will be very dangerous for Iraq especially if the have to go to a “provisional” govt. In the midst of trying to get investors to buy into their 5 year re-development plan, I would place my money on July 1st. It will not look very good if they can’t even get their government formed in a timely manner. Remember they are NOT yet late. They still have until July 1st when the current govt expires. ...I would not count on anything substantial to come out of the CBI until at least after July 1st sometime. If Abadi gets back in for a second term we may see the project to delete the zeros started up again to the final stages sooner than later. If someone else is selected, we just might have to wait it out the full 90 days and it might be later rather than sooner.
6-21-2018 Newshound Guru Kaperoni There can never be an RV or an RI or any other singular event because there's just too much currency in circulation. That is a fact. I'm not saying that dinar will never go up, in fact I believe it will, but it's never going to go up overnight it's going to go up over time and it'll be directly related to the investors and investment in the country.
6-21-2018 Newshound Guru Breitling One of the main things out there is the misconception is that the Iraqi Dinar is not internationally recognized. That’s absolute garbage. Of course it is. I bought my dinar from Chase bank…A lot of us got into the Iraqi Dinar. And then some of them got out of it…so what did they do? They took their currency to Chase Bank and got their money back, minus the 2% or whatever it was that the bank charged. There is no law given by the United States government or the Treasury department or anybody like that that you can’t buy and sell Iraqi dinar. There is no law against it. To sell it you just go get a license to sell it. Well banks were doing that all day long back in the those days. The only reason they stopped was because it was disrupting business. You had little old ladies calling the banks every single day, “Hey, didn’t the Iraqi Dinar revalue?” based on the hype…They simply stopped. Aggressively. That’s how bad it disrupted business.
6-21-2018 Intel Guru Frank26 [via sunny] The POS with MasterCard and Visa’s is HUGE! This POS [Point of sale] is crucial to the bankers and investors. Because of the POS the banking system of Iraq has changed dramatically. Their business and personal accounts are open to the world. ...The door for...contracts is open to the world. ...The POS is talking clearly about a price change in Iraq...The cost of goods in Iraq is about to change because of the POS...Their purchasing power has increased due to the POS...this is not a revalue. This is a reinstatement, a roll out within the country of Iraq...It’s reinstatement material. THIS POS IS TALKING ABOUT A RATE CHANGE IN IRAQ!!! ...The CBI and her BB’s are now set up for the reinstatement. (BB’s – Mom and Pop stores, ATM’s are baby banks.) This action ends the auctions, the corruption. This puts the reinstatement on a real fast track.
6-21-2018 Newshound Guru Kaperoni [well the bandwagon came and went. 90 days over. No Article 8?...] ...I never said they would move. I said it was a requirement TO move to Article VIII. Compliance is important to the IMF. That being said, i do expect the CBI to write the letter accepting Art VIII as soon as possible. I stated in March that not only would Iraq have to meet IMF compliance but they probably would wait for the formation of the new GOI before accepting Article VIII. That being said, waiting is risky for the CBI. Iraq needs to end the auctions to stop the risk of depleting reserves, they need investment, and they need to put people back to work. If they fall out of compliance they will be required to go another 3 months maintaining the spread at 2% or less. Risky... These requirements are not flexible. The CBI has to prove they can do this in order to move to Article VIII. These are the big boys, bankers who know what they are doing.
6-21-2018 Newshound Guru Adam Montana [...aside from the HCL happening, what else do you think has to happen for the RV to become a reality?] The immediate need is the election results... Iraq needs a captain for their ship. This should be done in short order, and then we're back on the hunt for HCL.
6-20-2018 Intel Guru Frank26 [via sunny] Deep in my heart, I really think we are here! Based on things I've been seeing, and what WS [Guru Walkingstick] said, they are on an accelerated pace to push this thing through...very shortly! They will be one to one in country when they reinstate their currency. They are about to take the first step in the RI. IOO...the CBI, the banks are on the cusp to do it NOW!
6-20-2018 Newshound Guru Mailman17 THATS NOT SAYING A FLOAT IS OUT OF THE QUESTION, BUT THERE ARE MORE THAN ONE TYPE OF FLOAT. IMO, THEY WILL COME OUT WITH A MANAGED FLOAT, AT 1-1 UNDER THEIR CONTROL AS TO WHETHER IT GOES UP OR DOWN ON ANY GIVEN DAY. LETS FACE IT, NO ONE IN THEIR RIGHT MIND IS GONNA TURN IN ANYTHING AT A 1200-1 KNOWING FULL WELL THE MARKET WILL DRIVE IT UP FAST. IRAQ NEEDS THESE NOTES IN THEIR CONTROL AND A FLOAT FROM 1200 IS NOT AN OPTION. AND IT ALSO GIVES THE IRAQIS PURCHASING POWER WHICH IS THE KICKSTART THAT ECONOMY NEEDS. AS ALWAYS THIS IS JMHO. [post 2 of 2]
6-20-2018 Newshound Guru Mailman17 AHHHH...THE NEVER ENDING ARGUMENT THAT HAS GONE ON FOR YEARS, MYSELF ARGUING MY POINT OF VIEW AND OTHERS WITH THEIR RESPECTIVE VIEWS. ONE SIDE SAYING FLOAT, THE OTHER FIXED RATE. THE ONLY THING I CAN SAY, IS THAT SHABS SAID MORE THAN ONCE THAT WHEN THE DINAR WAS READY TO HIT THE MARKET, HIS GOAL WAS THAT THE INITIAL RATE WAS TO BE ON PAR WITH THE DOLLAR. THAT MEANS 1-1. AND THAT MAKES SENSE IF YOUR ABOUT TO DISTRIBUTE LOWER DENOMS. [post 1 of 2....stay tuned]
6-20-2018 Intel Guru Bruce ...Iraq is coming off their holiday Eid al-Fitr. It started Friday and today [Tuesday] is their last day. What is significant is their ISX, Iraq Stock Exchange, has been down throughout the holiday. It is getting ready to come back up... Wednesday, June 20th...presumably with the new rate of the dinar...I believe we are at the point where because where we are because of the international banking week, we can go at any moment. ...I am excited about where we are. I think we are on the cuff of this thing going.
6-20-2018 Newshound Guru BobTheTaxMan ...which we already know they’ve accomplished and they must begin to reduce the note count, which we already know it’s accomplishing. And the price of oil which has been the primary source of money infusing into their system right now is relatively high. But they also know that’s going to go down. So the time’s coming when all of this is going to shift…the CBI is the administrative adjunct in this whole thing. They’re the ones that when they say they’re going to do something, so far they’ve done it and it’s been pretty dang amazing. [Post 2 of 2]
6-20-2018 Newshound Guru BobTheTaxMan The heart of what’s going on here is the CBI…No one has really thought about why that dirty float is in place. We call it a dirty float simply because it’s a controlled float. It doesn’t go with the markets. It’s being administered/managed in my opinion correctly. They have a goal to accomplish and the only way for them to do that is to keep the value of it down…They understand that the day will come when the change in that currency is going to occur. To accomplish that though, the CBI has to have a reservoir of a certain amount of money…[Post 1 of 2]
6-20-2018 Newshound Guru Adam Montana I don’t know about you, but that seemed like the longest Ramadan ever! ...Ramadan + Elections is never an easy situation to analyze, and this year is proving no different. It’s pretty much impossible to determine exactly how this year will turn out, but over the next couple days I expect to see more definitive answers. Once that’s done, we’re on to the next phases. Since we’re in that limbo state for a couple days, I won’t speculate much about the course of things… the good news is we should only have a couple of days to wait for this to develop and give us a better picture to the future. The bottom line right now is that Iraq is hashing out the elections, determining a victor, and we'll be moving forward shortly. I fully expect things to start ramping back up for us in Dinar Land...
6-20-2018 Intel Guru Delta [via sunny] CBI has had been 100% compliant within the 2% range for 90 days. Dr. Shabibi said in 2014 the dinar could go at $1.19. ...CBI needs over $3.+ 20%. When Obama pulled all the troops out of Iraq, ISIS moved in and that delayed the RV... Looks like we are very, very close!! Banks now linked with merchants through the POS (point of sale). Next is the release of the small bills (lower denominations). They are 100% ready to pull the trigger...June looks very solid... In Iraq, Dinar will be 1 to 1 with USA. Internationally the rate will increase, climb and be capped later in 2018.
6-20-2018 Newshound Guru Mailman17 THATS NOT SAYING A FLOAT IS OUT OF THE QUESTION, BUT THERE ARE MORE THAN ONE TYPE OF FLOAT. IMO, THEY WILL COME OUT WITH A MANAGED FLOAT, AT 1-1 UNDER THEIR CONTROL AS TO WHETHER IT GOES UP OR DOWN ON ANY GIVEN DAY. LETS FACE IT, NO ONE IN THEIR RIGHT MIND IS GONNA TURN IN ANYTHING AT A 1200-1 KNOWING FULL WELL THE MARKET WILL DRIVE IT UP FAST. IRAQ NEEDS THESE NOTES IN THEIR CONTROL AND A FLOAT FROM 1200 IS NOT AN OPTION. AND IT ALSO GIVES THE IRAQIS PURCHASING POWER WHICH IS THE KICKSTART THAT ECONOMY NEEDS. AS ALWAYS THIS IS JMHO. [post 2 of 2]
6-20-2018 Newshound Guru Mailman17 AHHHH...THE NEVER ENDING ARGUMENT THAT HAS GONE ON FOR YEARS, MYSELF ARGUING MY POINT OF VIEW AND OTHERS WITH THEIR RESPECTIVE VIEWS. ONE SIDE SAYING FLOAT, THE OTHER FIXED RATE. THE ONLY THING I CAN SAY, IS THAT SHABS SAID MORE THAN ONCE THAT WHEN THE DINAR WAS READY TO HIT THE MARKET, HIS GOAL WAS THAT THE INITIAL RATE WAS TO BE ON PAR WITH THE DOLLAR. THAT MEANS 1-1. AND THAT MAKES SENSE IF YOUR ABOUT TO DISTRIBUTE LOWER DENOMS. [post 1 of 2....stay tuned]
6-20-2018 Intel Guru Bruce ...Iraq is coming off their holiday Eid al-Fitr. It started Friday and today [Tuesday] is their last day. What is significant is their ISX, Iraq Stock Exchange, has been down throughout the holiday. It is getting ready to come back up... Wednesday, June 20th...presumably with the new rate of the dinar...I believe we are at the point where because where we are because of the international banking week, we can go at any moment. ...I am excited about where we are. I think we are on the cuff of this thing going.
6-20-2018 Newshound Guru BobTheTaxMan ...which we already know they’ve accomplished and they must begin to reduce the note count, which we already know it’s accomplishing. And the price of oil which has been the primary source of money infusing into their system right now is relatively high. But they also know that’s going to go down. So the time’s coming when all of this is going to shift…the CBI is the administrative adjunct in this whole thing. They’re the ones that when they say they’re going to do something, so far they’ve done it and it’s been pretty dang amazing. [Post 2 of 2]
6-20-2018 Newshound Guru BobTheTaxMan The heart of what’s going on here is the CBI…No one has really thought about why that dirty float is in place. We call it a dirty float simply because it’s a controlled float. It doesn’t go with the markets. It’s being administered/managed in my opinion correctly. They have a goal to accomplish and the only way for them to do that is to keep the value of it down…They understand that the day will come when the change in that currency is going to occur. To accomplish that though, the CBI has to have a reservoir of a certain amount of money…[Post 1 of 2]
6-20-2018 Newshound Guru Adam Montana I don’t know about you, but that seemed like the longest Ramadan ever! ...Ramadan + Elections is never an easy situation to analyze, and this year is proving no different. It’s pretty much impossible to determine exactly how this year will turn out, but over the next couple days I expect to see more definitive answers. Once that’s done, we’re on to the next phases. Since we’re in that limbo state for a couple days, I won’t speculate much about the course of things… the good news is we should only have a couple of days to wait for this to develop and give us a better picture to the future. The bottom line right now is that Iraq is hashing out the elections, determining a victor, and we'll be moving forward shortly. I fully expect things to start ramping back up for us in Dinar Land...
6-20-2018 Intel Guru Delta [via sunny] CBI has had been 100% compliant within the 2% range for 90 days. Dr. Shabibi said in 2014 the dinar could go at $1.19. ...CBI needs over $3.+ 20%. When Obama pulled all the troops out of Iraq, ISIS moved in and that delayed the RV... Looks like we are very, very close!! Banks now linked with merchants through the POS (point of sale). Next is the release of the small bills (lower denominations). They are 100% ready to pull the trigger...June looks very solid... In Iraq, Dinar will be 1 to 1 with USA. Internationally the rate will increase, climb and be capped later in 2018.
6-19-2018 Newshound Guru Kaperoni Some people have said the CBI has been closed since last weekend due to Eid al-Fitr. Now that Ramadan is over it will be interesting.
6-19-2018 Intel Guru Delta Article quote: "...used outside Iraq and via the internet ..." [...today's articles on the MC (MasterCard) makes one go (crazy). Better than a knock out punch! Everyone should be seeing stars!!!] CERTAINLY NOT AT A PROGRAM RATE! GREAT STUFF...
6-19-2018 Newshound Guru Kaperoni When you reintegrate with the world's Financial system you must exit the peg and move to a float particularly in Iraq's instance this is important. The reason being as capital flows through the central banks Capital Account it will create inflation in the country. To counter such inflation being on a float allows the CBI to compensate by allowing the currency to appreciate. This is well-documented. The hope is that the currency will rise fast as a result of significant investment in the country and has been stated as the Balassa-Samuelson effect. If one is to believe the statement from the overview of Iraqi Finance 2018 they have significant investment lined up to come into the country. Many people have challenged me over the years to provide credentials. My response was I'm not asking anyone to put trust in what I say but to validate what I say in the very documents that I reference. [post 2 of 2]
6-19-2018 Newshound Guru Kaperoni [reference Whitelions post 6-19-2018] ...The CBI never talked about people around the world bringing in their currency to Banks... The 10 years is the fact that the CBI will honor their currency nothing more. ...all currencies go up and down... Why do you think they go up and down? Because they float. It's funny how many want to jump on the IMF bandwagon when I proved that the CBI must meet compliance before they could move to Article VIII. Yet those same people won't give any consideration to actual IMF statements about moving to a more liberal exchange rate regime... because it doesn't fit their RV, RI agenda!... Whether you agree with me or not...the fact is there will never be an overnight RV, RI event. The very thought of such a thing is contradictory to the purpose of monetary policy to begin with. There is a process...it is the same for any emerging-market country. [post 1 of 2....stay tuned]
6-19-2018 Newshound/Intel Guru Mnt Goat ...they finally...completed a full 90 day period without any violations. This period just expired on June 15th, Friday. Hurray! This is also part of why they adjusted their rate to 1190 suddenly. ...even though it seemed to us step in the wrong direction? It was done to overcome a possible +2% variance on the market vs the CBI/IMF rate. It was done to comply with the Article 8 rules. The IMF needs to know they can react to the market and manage the currency. They will need to do this when they go live internationally on all these trading platforms. ...they will NOT want to wait too long to apply to the IMF to move into Article 8, as there is a possibility that the rate could vary again and they would have to begin the 90 monitoring all over again. This could take months more.
6-19-2018 Newshound Guru Whitelions Question: "How are you going to control inflation when large sums of money come into a country if you're not going to float your currency?" [reference Guru Kaperoni post 6-19-18] In answer to [Guru] Kaperoni... According to the C.B.I People that have Dinar all over the world will bring it to there local banks and exchange it to their countrys currency ( they have 2 years to turn it in ). Their Local Banks will sell it to their country's Central Banks and they can hold it up to 10 years. From there the C.B.I. can call in the bills as they need them OR the Central Bank that is holding the bills can can exchange them at their leisure depending on the rate if it is up or down. AND before you get all bent out of shape...ALL Currency's around the world go up and down on a daily basis and NONE of them are on a FLOAT and remember the C.B.I. said NO FLOAT. I hope this helps you .
6-19-2018 Newshound Guru Kaperoni Over the last couple of years there are more than 10 articles talking about floating the Iraq dinar. There is only one article that talks about the timing is not right to float the Iraqi dinar. My money is on the directives from the IMF, Iraq will float it is the only option. By definition moving to a more liberal exchange rate regime is moving to a float. Monetary policy is not a random act. Changing exchange rate regimes going from a peg to a float Etc all have individual purposes...they are used to stabilize economies or combat inflation. Iraq is expecting a large influx of capital ...some say it's going to be the wild west of the Middle East this will put severe pressure on the financial system of the CBI. The recourse is get off the peg move to a float to combat the pressure allowing the currency to rise and value. [post 2 of 2]
6-19-2018 Newshound Guru Kaperoni How are you going to control inflation when large sums of money come into a country if you're not going to float your currency? All anyone needs to do is...read two or three of the documents from the IMF on the transition from fixed to float to understand how currency reform works. You cannot be pegged when large influxes of capital flow through the CBI, the only alternative to being pegged is a float. This is not guesswork, the IMF themselves told the CBI back in 2012 when they were about to transition the move to a more liberal exchange rate regime. The very definition of that is a float...we see the CBI follow the IMF time after time. Considering the IMF has an agreement with the CBI for monetary reform as well as trusteeship over the CBI the chances are very good that they'll follow what they recommend. [post 1 of 2....stay tuned]
6-19-2018 Intel Guru Delta Article quote: "...used outside Iraq and via the internet ..." [...today's articles on the MC (MasterCard) makes one go (crazy). Better than a knock out punch! Everyone should be seeing stars!!!] CERTAINLY NOT AT A PROGRAM RATE! GREAT STUFF...
6-19-2018 Newshound Guru Kaperoni When you reintegrate with the world's Financial system you must exit the peg and move to a float particularly in Iraq's instance this is important. The reason being as capital flows through the central banks Capital Account it will create inflation in the country. To counter such inflation being on a float allows the CBI to compensate by allowing the currency to appreciate. This is well-documented. The hope is that the currency will rise fast as a result of significant investment in the country and has been stated as the Balassa-Samuelson effect. If one is to believe the statement from the overview of Iraqi Finance 2018 they have significant investment lined up to come into the country. Many people have challenged me over the years to provide credentials. My response was I'm not asking anyone to put trust in what I say but to validate what I say in the very documents that I reference. [post 2 of 2]
6-19-2018 Newshound Guru Kaperoni [reference Whitelions post 6-19-2018] ...The CBI never talked about people around the world bringing in their currency to Banks... The 10 years is the fact that the CBI will honor their currency nothing more. ...all currencies go up and down... Why do you think they go up and down? Because they float. It's funny how many want to jump on the IMF bandwagon when I proved that the CBI must meet compliance before they could move to Article VIII. Yet those same people won't give any consideration to actual IMF statements about moving to a more liberal exchange rate regime... because it doesn't fit their RV, RI agenda!... Whether you agree with me or not...the fact is there will never be an overnight RV, RI event. The very thought of such a thing is contradictory to the purpose of monetary policy to begin with. There is a process...it is the same for any emerging-market country. [post 1 of 2....stay tuned]
6-19-2018 Newshound/Intel Guru Mnt Goat ...they finally...completed a full 90 day period without any violations. This period just expired on June 15th, Friday. Hurray! This is also part of why they adjusted their rate to 1190 suddenly. ...even though it seemed to us step in the wrong direction? It was done to overcome a possible +2% variance on the market vs the CBI/IMF rate. It was done to comply with the Article 8 rules. The IMF needs to know they can react to the market and manage the currency. They will need to do this when they go live internationally on all these trading platforms. ...they will NOT want to wait too long to apply to the IMF to move into Article 8, as there is a possibility that the rate could vary again and they would have to begin the 90 monitoring all over again. This could take months more.
6-19-2018 Newshound Guru Whitelions Question: "How are you going to control inflation when large sums of money come into a country if you're not going to float your currency?" [reference Guru Kaperoni post 6-19-18] In answer to [Guru] Kaperoni... According to the C.B.I People that have Dinar all over the world will bring it to there local banks and exchange it to their countrys currency ( they have 2 years to turn it in ). Their Local Banks will sell it to their country's Central Banks and they can hold it up to 10 years. From there the C.B.I. can call in the bills as they need them OR the Central Bank that is holding the bills can can exchange them at their leisure depending on the rate if it is up or down. AND before you get all bent out of shape...ALL Currency's around the world go up and down on a daily basis and NONE of them are on a FLOAT and remember the C.B.I. said NO FLOAT. I hope this helps you .
6-19-2018 Newshound Guru Kaperoni Over the last couple of years there are more than 10 articles talking about floating the Iraq dinar. There is only one article that talks about the timing is not right to float the Iraqi dinar. My money is on the directives from the IMF, Iraq will float it is the only option. By definition moving to a more liberal exchange rate regime is moving to a float. Monetary policy is not a random act. Changing exchange rate regimes going from a peg to a float Etc all have individual purposes...they are used to stabilize economies or combat inflation. Iraq is expecting a large influx of capital ...some say it's going to be the wild west of the Middle East this will put severe pressure on the financial system of the CBI. The recourse is get off the peg move to a float to combat the pressure allowing the currency to rise and value. [post 2 of 2]
6-19-2018 Newshound Guru Kaperoni How are you going to control inflation when large sums of money come into a country if you're not going to float your currency? All anyone needs to do is...read two or three of the documents from the IMF on the transition from fixed to float to understand how currency reform works. You cannot be pegged when large influxes of capital flow through the CBI, the only alternative to being pegged is a float. This is not guesswork, the IMF themselves told the CBI back in 2012 when they were about to transition the move to a more liberal exchange rate regime. The very definition of that is a float...we see the CBI follow the IMF time after time. Considering the IMF has an agreement with the CBI for monetary reform as well as trusteeship over the CBI the chances are very good that they'll follow what they recommend. [post 1 of 2....stay tuned]
6-18-2018 Newshound/Intel Guru Mnt Goat I still persist that mid-July is very good timeframe to maybe see the CBI moving ahead again on the project to delete the zeros. Yes, I do believe it is coming. Let’s just keep our fingers (and toes) crossed that nothing else comes up to interfere.
6-18-2018 Newshound Guru tlm724 Article: "dinar card is ready to use" Quotes: "announce International Islamic Ban announced launch first MasterCard card currency Iraqi dinar" "Ruffer used your card outside Iraq and through the Internet and the price of discharge according to the official price of the Central Bank of Iraq." ...very interesting. ...I researched the International Islamic Bank branch in Iraq...they do offer MasterCard and many benefits to their customers. Very good stuff...
6-18-2018 Newshound Guru Kaperoni 3 days now passed the 3-month IMF requirement, CBI continues to be in compliance at 1200 to $1.
6-18-2018 Newshound/Intel Guru Mnt Goat ...it’s mid June already and still the election process saga continues in Iraq. This is just 2 weeks prior to the end of the current government. Will they settle this saga prior to this time? They are already talking about a provisional government, this of course would be disastrous and will only lead to yet more shenanigans by Maliki and his goons. Will the UN or the USA step in to assist and settle this issue? We also know the MCP monitoring by the IMF ends... What does this mean? It means that the CBI will not want to allow too many days in between the signoff of the MCP and the reinstatement. We watch now for the next Article IV consultation session. The last consultation was completed on August 9, 2017 for the ending of the 5 year Stand-by-Agreement. This may very well be the final piece to the puzzle, allowing the CBI to continue to the next and final stage of the project to delete the zeros.
6-18-2018 Newshound Guru Daytrader [New Guru] I believe there have been a number of responses showing sound logic and article support for Iraq to move to a higher exchange rate. IMO the reason they must is because it is a WTO requirement that a members exchange rate accurately reflect the true value of its currency. Iraq has been working towards full WTO membership for several years, and looks as though they could be nearing acceptance. The WTO will not allow unfair trade practices within its membership, and Iraq's current exchange rate would not accurately reflect its true value. Also recall Alak "visited" with the IMF while in New York for the Central Bank Governors meeting last year. ...Alak was joined by an accounting firm believed to have completed an independent third party analysis of Iraq's resources. Their objective was to provide accurate data for the new exchange rate calculations with the IMF. IMO Iraq will not reinstate at the current exchange rate.
6-18-2018 Newshound Guru Kaperoni With 96% oil dependency Iraq must pay for everything from oil sales from infrastructure projects, salaries of employees, defense spending and of course a lot goes to corruption. Iraq's budget for 2018 was $88 billion dollars. Iraq currently produces about 4.5 million barrels per day of oil. They would have to make at least $62 a barrel to break even on the budget including production cost. This is why the idea of oil credits or selling oil for $32 is just not feasible. I've said for years the dinar that we hold that was sold outside Iraq will never go back...it was part of a controlled leak to prime the pump of sorts to create momentum for the Iraqi dinar worldwide which eventually will end up in other central banks around the world. [post 2 of 2]
6-18-2018 Newshound Guru Kaperoni ...Iraq is 96% dependent on oil sales what that means is they could never sell oil below market price because they would be under cutting their own budget. Remember 70% of the budget is wages as most Iraqi's are on the state payroll. Selling oil for $32 a barrel would prevent them for making payroll. Until Iraq and diversify and create a market economy and reduce the dependence on oil they are at the mercy of meeting that budget. The actual cost to produce a barrel of oil is about $10 yes but Iraq has many other expenses on top of that that make the sale of any oil for less than $40 not profitable. [post 1 of 2....stay tuned]
6-18-2018 Newshound Guru Whitelions ...the C.B.I has the LAST and ONLY word on how the monetary system works and they have TOLD the PEOPLE that there will BE NO FLOAT.
6-18-2018 Newshound Guru tlm724 Article: "dinar card is ready to use" Quotes: "announce International Islamic Ban announced launch first MasterCard card currency Iraqi dinar" "Ruffer used your card outside Iraq and through the Internet and the price of discharge according to the official price of the Central Bank of Iraq." ...very interesting. ...I researched the International Islamic Bank branch in Iraq...they do offer MasterCard and many benefits to their customers. Very good stuff...
6-18-2018 Newshound Guru Kaperoni 3 days now passed the 3-month IMF requirement, CBI continues to be in compliance at 1200 to $1.
6-18-2018 Newshound/Intel Guru Mnt Goat ...it’s mid June already and still the election process saga continues in Iraq. This is just 2 weeks prior to the end of the current government. Will they settle this saga prior to this time? They are already talking about a provisional government, this of course would be disastrous and will only lead to yet more shenanigans by Maliki and his goons. Will the UN or the USA step in to assist and settle this issue? We also know the MCP monitoring by the IMF ends... What does this mean? It means that the CBI will not want to allow too many days in between the signoff of the MCP and the reinstatement. We watch now for the next Article IV consultation session. The last consultation was completed on August 9, 2017 for the ending of the 5 year Stand-by-Agreement. This may very well be the final piece to the puzzle, allowing the CBI to continue to the next and final stage of the project to delete the zeros.
6-18-2018 Newshound Guru Daytrader [New Guru] I believe there have been a number of responses showing sound logic and article support for Iraq to move to a higher exchange rate. IMO the reason they must is because it is a WTO requirement that a members exchange rate accurately reflect the true value of its currency. Iraq has been working towards full WTO membership for several years, and looks as though they could be nearing acceptance. The WTO will not allow unfair trade practices within its membership, and Iraq's current exchange rate would not accurately reflect its true value. Also recall Alak "visited" with the IMF while in New York for the Central Bank Governors meeting last year. ...Alak was joined by an accounting firm believed to have completed an independent third party analysis of Iraq's resources. Their objective was to provide accurate data for the new exchange rate calculations with the IMF. IMO Iraq will not reinstate at the current exchange rate.
6-18-2018 Newshound Guru Kaperoni With 96% oil dependency Iraq must pay for everything from oil sales from infrastructure projects, salaries of employees, defense spending and of course a lot goes to corruption. Iraq's budget for 2018 was $88 billion dollars. Iraq currently produces about 4.5 million barrels per day of oil. They would have to make at least $62 a barrel to break even on the budget including production cost. This is why the idea of oil credits or selling oil for $32 is just not feasible. I've said for years the dinar that we hold that was sold outside Iraq will never go back...it was part of a controlled leak to prime the pump of sorts to create momentum for the Iraqi dinar worldwide which eventually will end up in other central banks around the world. [post 2 of 2]
6-18-2018 Newshound Guru Kaperoni ...Iraq is 96% dependent on oil sales what that means is they could never sell oil below market price because they would be under cutting their own budget. Remember 70% of the budget is wages as most Iraqi's are on the state payroll. Selling oil for $32 a barrel would prevent them for making payroll. Until Iraq and diversify and create a market economy and reduce the dependence on oil they are at the mercy of meeting that budget. The actual cost to produce a barrel of oil is about $10 yes but Iraq has many other expenses on top of that that make the sale of any oil for less than $40 not profitable. [post 1 of 2....stay tuned]
6-18-2018 Newshound Guru Whitelions ...the C.B.I has the LAST and ONLY word on how the monetary system works and they have TOLD the PEOPLE that there will BE NO FLOAT.
6-17-2018 Newshound Guru Kaperoni [...You can’t take value away from iraq and iraq be stronger and never give value back.] It was never taken away, it devalued due to sanctions if you want to call that taken away so be it. And yes, it should rise up again.
6-17-2018 Newshound/Intel Guru Mnt Goat If you want the kind of returns on your simple exchange of the dinar you are holding then you will have to wait until Iraq is ready. It is that simple... The CBI technically is ready and they told us just last April the “project to delete the zeros” is done as far as they could go and are ready to move on to the final stage. This was terrific news...But then the economists, consulting the govt, told us they will probably plan to wait until after the elections to go forward with it to this final stage. This was done not so much due to the election instability but because they needed elimination of this currency MANIPULATION and FRAUD and the CBI came right out and told us this too. This was in dealing with the currency auctions. We recently read that four (4) banks can no longer do business with the CBI and are prohibited from participating in the auctions or any funded CBI banking programs. So are they now ready? Why else would they have begun their re-education program if they are not intending to move ahead again?
6-17-2018 Newshound Guru Kaperoni ...Iraq would never sell oil for $32 a barrel that's less than it costs them to get it out of the ground. ...Iraq can sell oil on the open market every day of the week for market price...The truth is PM Advisor Saleh told us what will happen to the dinar many years ago when he said the dinar would be held in central banks around the world for a very long time. In other words, central banks are going to use it to prop up their own financial systems.
6-17-2018 Newshound/Intel Guru Mnt Goat If you want the kind of returns on your simple exchange of the dinar you are holding then you will have to wait until Iraq is ready. It is that simple... The CBI technically is ready and they told us just last April the “project to delete the zeros” is done as far as they could go and are ready to move on to the final stage. This was terrific news...But then the economists, consulting the govt, told us they will probably plan to wait until after the elections to go forward with it to this final stage. This was done not so much due to the election instability but because they needed elimination of this currency MANIPULATION and FRAUD and the CBI came right out and told us this too. This was in dealing with the currency auctions. We recently read that four (4) banks can no longer do business with the CBI and are prohibited from participating in the auctions or any funded CBI banking programs. So are they now ready? Why else would they have begun their re-education program if they are not intending to move ahead again?
6-17-2018 Newshound Guru Kaperoni ...Iraq would never sell oil for $32 a barrel that's less than it costs them to get it out of the ground. ...Iraq can sell oil on the open market every day of the week for market price...The truth is PM Advisor Saleh told us what will happen to the dinar many years ago when he said the dinar would be held in central banks around the world for a very long time. In other words, central banks are going to use it to prop up their own financial systems.
6-16-2018 Newshound/Intel Guru Mnt Goat ...then the bank makes their spread. Forth,... then the US Treasury (US govt) makes billions off of brokering the oil credits to oil companies so they get the oil as discounted prices from Iraq. Some of the oil credits are already sold to other countries that did not participate in the gulf wars. This already helped beef up the gold reserves for the US under Basil III. It is win-win situation for all parties... I want you to truly know your investment and know there is so much money to be made in this process that this event MUST happen. [post 2 of 2]
6-16-2018 Newshound/Intel Guru Mnt Goat Question: ...WHEN WE EXCHANGE DOESN’T THE US TREASURY HAVE TO COME UP WITH BILLIONS OF DOLLARS. ACCORDING TO THE SCENARIO YOU JUST DESCRIBED THEY WON’T GET THIS MONEY BACK UNTIL OVER THE NEXT 30 YEARS. HOW CAN THE US AND OTHER COUNTRIES AFFORD THIS? [Reference Guru Mnt Goat post 6-16-2018 below] Have you ever heard of “electronic banking”? The US Treasury is funded already to cover these projected amounts. The massive profits to be made at all levels of the transfer of the dinar once it leaves your hands, as the investor, boggles the mind. First there was the money made on a spread when the online currency broker or bank sold the dinar to you. Second is the money you make as the investor on the initial exchange. Third... [post 1 of 2....stay tuned]
6-16-2018 Newshound Guru Kaperoni Great news! The CBI has officially met the IMF 3-month requirement to maintain the official rate/ market-rate spread at 2% or less. This requirement was a prerequisite to acceptance into IMF Article VIII. They must continue to maintain that until they make the decision to move to Article VIII. If they fall out of compliance they will have to begin the 3-month requirement again. Many believe the CBI will not take that risk and will write the letter to the IMF requesting and accepting Article VIII right away. Personally, I don't think the CBI will move until the new government has been formed. Others disagree but we'll just have to wait and see. Accepting Article VIII has significant benefits to us as investors. The dinar becomes internationally-recognized and convertible and would also require the CBI to move off the peg to some type of float to counter inflationary pressure created by investors/investment. Since Iraq has yet to hold their annual Article IV Consultation with the IMF I expect that will occur at the same time as them accepting Article VIII.
6-16-2018 Newshound/Intel Guru Mnt Goat The banks will gladly accept the Iraqi dinar because they know they can broker the currency to the US Treasury with a spread (mark-up). Some of it they will hold themselves and trade. The US Treasury will then take the dinar and transfer it over to the Iraqi CBI, where credits for oil at future market price is locked in and already agreed to years ago. Some say at $32/barrel. I am not certain if this is true or not but I now it is substantially below the projected market price over the next 30 years. So you see the more dinar that is exchanged, the better it is for the economy of the country exchanging it back to Iraq. So I would not worry about the volume of currency going back to Iraq. This is all well planned out. [post 2 of 2]
6-16-2018 Newshound/Intel Guru Mnt Goat THERE ARE SO MANY NOW INVESTED WITH DINAR. HOW CAN IRAQ AFFORD TO PAY FOR THIS EXCHANGE? Iraq will pay for the currency exchange through oil credits. In simple terms only countries that participated in the wars will benefit from oil credits, unless they managed to buy them from a country that did. Question: How will these oil credits work? Under normal times any bank would not want to handle this much exchange of any middle eastern currency. It would be way too risky. ...But these are not normal situations for the Iraqi dinar... [post 1 of 2....stay tuned]
6-16-2018 Newshound Guru Kaperoni Is Iraq on the cusp of currency reform? Now that they've met the latest IMF requirement they could be close to beginning to raise the value. It makes little sense for the CBI to wait since ending the currency auctions, opening up to investors and putting people back to work all benefits Iraq. All at the risk of falling out of compliance and having to start the 3-month 2% or less requirement over again.
6-16-2018 Newshound/Intel Guru Mnt Goat Question: ...WHEN WE EXCHANGE DOESN’T THE US TREASURY HAVE TO COME UP WITH BILLIONS OF DOLLARS. ACCORDING TO THE SCENARIO YOU JUST DESCRIBED THEY WON’T GET THIS MONEY BACK UNTIL OVER THE NEXT 30 YEARS. HOW CAN THE US AND OTHER COUNTRIES AFFORD THIS? [Reference Guru Mnt Goat post 6-16-2018 below] Have you ever heard of “electronic banking”? The US Treasury is funded already to cover these projected amounts. The massive profits to be made at all levels of the transfer of the dinar once it leaves your hands, as the investor, boggles the mind. First there was the money made on a spread when the online currency broker or bank sold the dinar to you. Second is the money you make as the investor on the initial exchange. Third... [post 1 of 2....stay tuned]
6-16-2018 Newshound Guru Kaperoni Great news! The CBI has officially met the IMF 3-month requirement to maintain the official rate/ market-rate spread at 2% or less. This requirement was a prerequisite to acceptance into IMF Article VIII. They must continue to maintain that until they make the decision to move to Article VIII. If they fall out of compliance they will have to begin the 3-month requirement again. Many believe the CBI will not take that risk and will write the letter to the IMF requesting and accepting Article VIII right away. Personally, I don't think the CBI will move until the new government has been formed. Others disagree but we'll just have to wait and see. Accepting Article VIII has significant benefits to us as investors. The dinar becomes internationally-recognized and convertible and would also require the CBI to move off the peg to some type of float to counter inflationary pressure created by investors/investment. Since Iraq has yet to hold their annual Article IV Consultation with the IMF I expect that will occur at the same time as them accepting Article VIII.
6-16-2018 Newshound/Intel Guru Mnt Goat The banks will gladly accept the Iraqi dinar because they know they can broker the currency to the US Treasury with a spread (mark-up). Some of it they will hold themselves and trade. The US Treasury will then take the dinar and transfer it over to the Iraqi CBI, where credits for oil at future market price is locked in and already agreed to years ago. Some say at $32/barrel. I am not certain if this is true or not but I now it is substantially below the projected market price over the next 30 years. So you see the more dinar that is exchanged, the better it is for the economy of the country exchanging it back to Iraq. So I would not worry about the volume of currency going back to Iraq. This is all well planned out. [post 2 of 2]
6-16-2018 Newshound/Intel Guru Mnt Goat THERE ARE SO MANY NOW INVESTED WITH DINAR. HOW CAN IRAQ AFFORD TO PAY FOR THIS EXCHANGE? Iraq will pay for the currency exchange through oil credits. In simple terms only countries that participated in the wars will benefit from oil credits, unless they managed to buy them from a country that did. Question: How will these oil credits work? Under normal times any bank would not want to handle this much exchange of any middle eastern currency. It would be way too risky. ...But these are not normal situations for the Iraqi dinar... [post 1 of 2....stay tuned]
6-16-2018 Newshound Guru Kaperoni Is Iraq on the cusp of currency reform? Now that they've met the latest IMF requirement they could be close to beginning to raise the value. It makes little sense for the CBI to wait since ending the currency auctions, opening up to investors and putting people back to work all benefits Iraq. All at the risk of falling out of compliance and having to start the 3-month 2% or less requirement over again.
6-15-2018 Newshound/Intel Guru Mnt Goat BUT IF THEY REPLACE THE 3 ZERO NOTES WON’T WHAT WE HOLD BE WORTHLESS? If they did have this in their plan, this would be called a “lop” which is a technical term for restarting an economy fresh from a hyper-inflated situation including other strict measures too to control the economy. This is not the care [case?] in Iraq since they report almost monthly that inflation is now under control and around only 2%. The CBI has also told us they DO NOT intent to conduct a “lop” in Iraq but rather to coincide the two sets of currencies (3 zero notes and the newer category notes) for up to 10 years. We are holding some of these 3 zero notes and so when the value is significantly increased in order to come back to pre-gulf war levels this will be legal currency of Iraq. We simply go to the bank and exchange it for the currency of our own country (i.e. Canadian dollars, US dollars, Euro, etc). [Post 2 of 2]
6-15-2018 Newshound/Intel Guru BGG Article: "State law: Maliki agreed to join the alliance of the Sadr government to form a “patriarchal” government!" I don’t see this as some deep, meaningful alliance with Maliki. In fact, Abadi may well be wishing he had sent stronger signals earlier if this keeps on… OR – it could be the leverage Sadr needs to get Abadi off the “can” – so to speak.
6-15-2018 Newshound/Intel Guru Mnt Goat Question: SO HOW DO WE COME INTO THIS PICTURE THEN, AS INVESTORS? We are only going to benefit from this process in that we know that these very large 3 zero notes are temporary...and the notes would be someday replaced with more normalized lower denominations...once they controlled the inflation and could stabilize the government and economy again. This has now all happened. This replacement of currency is way overdue. [post 1 of 2....stay tuned]
6-15-2018 Intel Guru Bruce The Qi cards especially the new Master card that is tied to Rafidain Bank in Iraq has been issued and is operational for people...any citizen...Iraqi citizen has and can utilize the Qi card and can be paid in dinar. I mentioned to you over a week or two weeks ago that the dinar has revalued in country. I don’t care if we can’t see it on the website or see it at its true value. ...Iraq has done their thing. They were held while up by the UN last week and they finally got released on that. They are moving and shaking right now. How do we know all this? I told you...we had...3 tankers coming here...to the United States...those tankers carrying over 20 million barrels of oil they will be paid in Iraqi dinar backed from our government. ...We are really excited about that. They start their Eid Al Fitr holiday...June 15th. So for...5 days...the ISX won’t be trading during the holiday period. I can bet on the 2oth when it comes back Iraq will be trading at what is known as a newly revalued dinar stating the 20th.
6-15-2018 Newshound Guru Breitling …the last report I got, the dinar was at 4 billion notes. I don’t know what it’s at right now. They could have added a billion notes to the note count. I don’t know. But I know what needs to be done. I know what the management team for the dinar want to do. And I know they can do it. It’s that simple. I’m willing to take the risk.
6-15-2018 Intel Guru Frank26 [via sunny] This week CBI uploaded all data for New ATM machines and all software updates completed. This includes all banks working with the CBI outside of Iraq’s Borders. The update of electronic software is done. The CBI linked banks inside Iraq in a 24 hour period. The ATM’s now capable of receiving data for small notes. ...There is no option to withdraw a small note yet. The citizens are unaware the ATM’s are ready to dispense the small notes yet. It’s unknown at this time when the ATM’s will dispense small notes. By the UNSC releasing and unfreezing the CBI assets it allows the IQD (Iraq Dinar) to leave Iraq’s borders – to go International, and free Iraq of the program rate...The next step is to take the small notes to the ATM machines. The rate has to change first.
6-15-2018 Newshound Guru Kaperoni The CBI is now allowing consumers in Iraq to get cash back from point-of-sale transactions up to 2 million Iraqi dinar per day with a small fee. Now why would they do this if there was a RV or RI about to happen? They wouldn't! There is no RV or RI. As I've said over and over and over again monetary policy just doesn't work that way. Once the CBI accepts IMF Article VIII they will get off the peg and move to some kind of a float which will allow the dinar to gradually rise over time. The pace of that rise is yet to be determined. Could the Iraqi dinar ever rise to a dollar in value? Yes I believe it could but it'll take time. The process to raise the value will be based on sound monetary policy not some overnight event.
6-15-2018 Newshound/Intel Guru BGG Article: "State law: Maliki agreed to join the alliance of the Sadr government to form a “patriarchal” government!" I don’t see this as some deep, meaningful alliance with Maliki. In fact, Abadi may well be wishing he had sent stronger signals earlier if this keeps on… OR – it could be the leverage Sadr needs to get Abadi off the “can” – so to speak.
6-15-2018 Newshound/Intel Guru Mnt Goat Question: SO HOW DO WE COME INTO THIS PICTURE THEN, AS INVESTORS? We are only going to benefit from this process in that we know that these very large 3 zero notes are temporary...and the notes would be someday replaced with more normalized lower denominations...once they controlled the inflation and could stabilize the government and economy again. This has now all happened. This replacement of currency is way overdue. [post 1 of 2....stay tuned]
6-15-2018 Intel Guru Bruce The Qi cards especially the new Master card that is tied to Rafidain Bank in Iraq has been issued and is operational for people...any citizen...Iraqi citizen has and can utilize the Qi card and can be paid in dinar. I mentioned to you over a week or two weeks ago that the dinar has revalued in country. I don’t care if we can’t see it on the website or see it at its true value. ...Iraq has done their thing. They were held while up by the UN last week and they finally got released on that. They are moving and shaking right now. How do we know all this? I told you...we had...3 tankers coming here...to the United States...those tankers carrying over 20 million barrels of oil they will be paid in Iraqi dinar backed from our government. ...We are really excited about that. They start their Eid Al Fitr holiday...June 15th. So for...5 days...the ISX won’t be trading during the holiday period. I can bet on the 2oth when it comes back Iraq will be trading at what is known as a newly revalued dinar stating the 20th.
6-15-2018 Newshound Guru Breitling …the last report I got, the dinar was at 4 billion notes. I don’t know what it’s at right now. They could have added a billion notes to the note count. I don’t know. But I know what needs to be done. I know what the management team for the dinar want to do. And I know they can do it. It’s that simple. I’m willing to take the risk.
6-15-2018 Intel Guru Frank26 [via sunny] This week CBI uploaded all data for New ATM machines and all software updates completed. This includes all banks working with the CBI outside of Iraq’s Borders. The update of electronic software is done. The CBI linked banks inside Iraq in a 24 hour period. The ATM’s now capable of receiving data for small notes. ...There is no option to withdraw a small note yet. The citizens are unaware the ATM’s are ready to dispense the small notes yet. It’s unknown at this time when the ATM’s will dispense small notes. By the UNSC releasing and unfreezing the CBI assets it allows the IQD (Iraq Dinar) to leave Iraq’s borders – to go International, and free Iraq of the program rate...The next step is to take the small notes to the ATM machines. The rate has to change first.
6-15-2018 Newshound Guru Kaperoni The CBI is now allowing consumers in Iraq to get cash back from point-of-sale transactions up to 2 million Iraqi dinar per day with a small fee. Now why would they do this if there was a RV or RI about to happen? They wouldn't! There is no RV or RI. As I've said over and over and over again monetary policy just doesn't work that way. Once the CBI accepts IMF Article VIII they will get off the peg and move to some kind of a float which will allow the dinar to gradually rise over time. The pace of that rise is yet to be determined. Could the Iraqi dinar ever rise to a dollar in value? Yes I believe it could but it'll take time. The process to raise the value will be based on sound monetary policy not some overnight event.
6-14-2018 Intel Guru RayRen98 The CBI is informing its citizens that cash can be withdrawn at cash sales places but limited to 2 million. This is for Dinar ONLY! PM Abadi on TV stating that its business as usual through June 30, 2018, the...new administration takes over July 1, 2018. He is telling the losers not to request an extension of time via the courts due to violations of their constitution. The Iraqi stock exchange will not be trading during the EID al-Fitr holiday of June 15 - June 19. The first trading session will be on June 20, 2018
6-14-2018 Intel/Newshound Gurus Delta/Walkingstick [via sunny] I do believe nothing will happen this week and I hope I’m wrong. I do believe they are going to...pull the trigger sometime the last week of June. . . I believe the action by the UNSC was really significant and that gave the “green light” to the Central Bank of Iraq to go ahead and do it! The 2% was accomplished on March 15th. That means June 15th is going to be exactly the 90 days required by the IMF. We might not see anything until the last 10 days or week of June...This is 100% going forward...Exchange rate is controlled by the IMF, World Bank, UST, Trump. Waiting for "launch code" to go. All banks around world set to go with CBI.
6-14-2018 Intel Guru Bruce You wonder whether the Iraq dinar is complete, whether it is there, whether it has a rate there yet. Why would Iraq have 5 ships on the water full of Oil heading to the US unless they had a currency ready to utilize. They got that coming. It is on the way. I think two are arriving and 3 will be by Friday/Saturday. That is good to know. I will say this that I feel very good where we are right now.
6-14-2018 Newshound Guru Breitling We have new people getting into the dinar and they’re trying to learn what you and I learned a long long time ago. The question is: “If there’s trillions notes in the hands of the Iraqi citizens…when the value increase wouldn’t the vast majority of Iraq’s citizens become instant millionaires?” No. Again, when the value of the dinar goes up in Iraq, remember everything is at a tenth of a penny, and when you go up to buy a coke or a candy bar it’s at a tenth of a penny. So when it goes up a dollar, they are going to charge you a dollar for the coke…Services and goods are going to rise up with the value as the currency goes up. But you and I don’t live in that world. Why? Because we bought the currency with the US dollar…They are not going to be instant millionaires overnight…That’s the difference. Iraqis did not exchange dollars for their dinar…
6-14-2018 Intel Guru Delta IQD BUY & SELL IRAQI MARKET
10-Jun... 1198- 1196
11-Jun... 1201- 1198
12-Jun... 1201- 1198
13-Jun... 1201- 1196
...TODAY MARK THE 90 DAY FOR THE 2%….GOOD JOB CBI...
6-14-2018 Newshound Guru Kaperoni Well today is almost compliance day. Our unofficial countdown is down to just hours now to meet the 3-month requirement. Today's market rate in Iraq appears to be 1210 to $1 still within compliance but creeping close to the limit of 1214.
6-14-2018 Newshound/Intel Guru Mnt Goat Also that soon the ATM's will be providing all needed dinar notes, including the new category notes. This appears to be happening all over Iraq. WOW! I think they are getting ready to turn on the ATMs and launch the newer category notes (the lower denominations). We know that when they move ahead again with the project to delete the zeros this may mean a significant change in the dinar value and the listing of the currency once again on FOREX and the other major global exchanges. This is when we go to the bank….lol..lol…lol… [post 2 of 2]
6-14-2018 Newshound/Intel Guru Mnt Goat It appears the CBI is ramping up the project to delete the zeros again in light of all this election drama going on. We could be heading into a very good timeframe. ...I told everyone...that the clue to us as to when the time is short for the reinstatement of the Iraqi dinar is when they would have to first go through a final re-education process just like they did in 2012 and again in 2015. Well I am hearing that this process is beginning now. But I don’t see how they can possibly back out of this one and “postpone” it again like in the past. This is the very good news we wanted. Baghdad News reported that billboard signs are informing the citizens of the gradual phase-out of any use the US dollar and strict use of the dinar. [post 1 of 2....stay tuned]
6-14-2018 Intel/Newshound Gurus Delta/Walkingstick [via sunny] I do believe nothing will happen this week and I hope I’m wrong. I do believe they are going to...pull the trigger sometime the last week of June. . . I believe the action by the UNSC was really significant and that gave the “green light” to the Central Bank of Iraq to go ahead and do it! The 2% was accomplished on March 15th. That means June 15th is going to be exactly the 90 days required by the IMF. We might not see anything until the last 10 days or week of June...This is 100% going forward...Exchange rate is controlled by the IMF, World Bank, UST, Trump. Waiting for "launch code" to go. All banks around world set to go with CBI.
6-14-2018 Intel Guru Bruce You wonder whether the Iraq dinar is complete, whether it is there, whether it has a rate there yet. Why would Iraq have 5 ships on the water full of Oil heading to the US unless they had a currency ready to utilize. They got that coming. It is on the way. I think two are arriving and 3 will be by Friday/Saturday. That is good to know. I will say this that I feel very good where we are right now.
6-14-2018 Newshound Guru Breitling We have new people getting into the dinar and they’re trying to learn what you and I learned a long long time ago. The question is: “If there’s trillions notes in the hands of the Iraqi citizens…when the value increase wouldn’t the vast majority of Iraq’s citizens become instant millionaires?” No. Again, when the value of the dinar goes up in Iraq, remember everything is at a tenth of a penny, and when you go up to buy a coke or a candy bar it’s at a tenth of a penny. So when it goes up a dollar, they are going to charge you a dollar for the coke…Services and goods are going to rise up with the value as the currency goes up. But you and I don’t live in that world. Why? Because we bought the currency with the US dollar…They are not going to be instant millionaires overnight…That’s the difference. Iraqis did not exchange dollars for their dinar…
6-14-2018 Intel Guru Delta IQD BUY & SELL IRAQI MARKET
10-Jun... 1198- 1196
11-Jun... 1201- 1198
12-Jun... 1201- 1198
13-Jun... 1201- 1196
...TODAY MARK THE 90 DAY FOR THE 2%….GOOD JOB CBI...
6-14-2018 Newshound Guru Kaperoni Well today is almost compliance day. Our unofficial countdown is down to just hours now to meet the 3-month requirement. Today's market rate in Iraq appears to be 1210 to $1 still within compliance but creeping close to the limit of 1214.
6-14-2018 Newshound/Intel Guru Mnt Goat Also that soon the ATM's will be providing all needed dinar notes, including the new category notes. This appears to be happening all over Iraq. WOW! I think they are getting ready to turn on the ATMs and launch the newer category notes (the lower denominations). We know that when they move ahead again with the project to delete the zeros this may mean a significant change in the dinar value and the listing of the currency once again on FOREX and the other major global exchanges. This is when we go to the bank….lol..lol…lol… [post 2 of 2]
6-14-2018 Newshound/Intel Guru Mnt Goat It appears the CBI is ramping up the project to delete the zeros again in light of all this election drama going on. We could be heading into a very good timeframe. ...I told everyone...that the clue to us as to when the time is short for the reinstatement of the Iraqi dinar is when they would have to first go through a final re-education process just like they did in 2012 and again in 2015. Well I am hearing that this process is beginning now. But I don’t see how they can possibly back out of this one and “postpone” it again like in the past. This is the very good news we wanted. Baghdad News reported that billboard signs are informing the citizens of the gradual phase-out of any use the US dollar and strict use of the dinar. [post 1 of 2....stay tuned]
6-13-2018 Newshound Guru Whitelions ...their politics are so complex with forming coalitions some times they are forced to get into bed with people they don't respect or believe in. [...isn't Ameri tied in with Iran?] so what if he is what is the big deal...as long as they raise the value of the dinar. for me that's just a distraction away from the process of...raising the value, what I watch is how they are moving on the Banks and WTO and what they are doing to bring in employment. their working with Iran is a good thing in the end no matter what you think...they have held to their agreement with the world and are moving into the world trade and Iraq will move into it too...this is what we should be watching. Trade announces the establishment of 368 national companies during the month of April.
6-13-2018 Intel Guru Bruce This is interesting, because normally we sort of start with Iraq and get bored waiting for Iraq to post a rate or put this or that in the Gazette, or put their election results in. I don’t care anymore, because it’s a done deal. It has been done. If they want to take their time to put out their rate and let it be known internationally so be it. They are done. They have revalued in country. We know the rate. It is no secret to me. We know the rate, we know it’s good, and we know they have already done it.
6-13-2018 Newshound Guru Kaperoni ...There is no RV...can never be a RV there's too much currency in circulation for any kind of an overnight event. If we're lucky the CBI will move to a float and allow the dinar to gradually rise over time allowing the currency in circulation to be reduced. I've talked about this for years as this would be the process for the CBI to open the banking system to International Investment and investors.
6-13-2018 Newshound Guru Adam Montana ...Oil news is steady right now. GOI news is stable. For all intents and purposes, Abadi is moving forward in a pretty strong leadership fashion - I like it! Ramadan is less than 2 days from being over...and I'm personally excited to see how things go! I'm not anticipating an immediate RV, but rather a steady progression of news related to the recent elections, followed by more OIL related news, then HCL, and THEN we will be in the "zone". This may take another month to get stars aligned, or it may be a mad rush... either way, I'm getting busy here at the office in preparation for whatever is coming.
6-13-2018 Intel Guru Frank26 For the UNSC to release sanctions speaks volumes. It’s telling the International world we have confidence in Iraq...in their banking system...in their government. The CBI has made multiple announcements and a massive media effort from the CBI will follow.
6-13-2018 Intel Guru RayRen98 Baghdad news and billboard signs are informing the citizens of the gradual phase-out of the US dollar and that soon the ATM's will be providing all needed notes, including the lower denomination notes. Al-Fallujah, approximately 43 miles away, is reporting the same type of information.
6-13-2018 Newshound Guru Breitling It’s not a coincidence that Iraq got out of these sanctions knowing where the price per barrel is going to go and the next thing you know they’re out of these sanctions… So they are not going to have as many US dollars because the price per barrel is going to go down. What are they going to use? They are going to use the Iraqi dinar. So it’s a big huge deal for us. They were going to revalue anyways but now they’re open to that much more of the market and the market is that much more open to them. It was a huge weekend. People should be excited. This thing is going to come down…that’s reality….Everything is set in place. They are going to revalue their currency. They’re going to add value to it. They are going to have to... [Post 2 of 2]
6-13-2018 Newshound Guru Breitling Phenomenal news out of Iraq. What happened…is going to push the revaluation of the dinar that much quicker and that much more…Security council…letting the CBI out of sanctions that happen on June 6th or 7th…It’s a big deal for us. There are a lot of entities and persons in Iraq that have been sanctioned and the CBI was one of them. People don’t realize this. The CBI could have revalued under the sanctions they were under. All they had to do was reduce the note count. So what does it mean for us?…[Post 1 of 2]
6-13-2018 Newshound/Intel Guru Walkingstick [via sunny] It’s important to understand Iraq has a seated government and Abadi is the Prime Minister. The election recount is just about being caused by government officials who are the "spoiled brats, the sore losers." Sadr will appoint Abadi as Prime Minister for a second term. He will not wait for a recount. The elections are over! The elections have nothing to do with Iraqi Dinar re-in statement. What you are now reading about in print like the UNSC release of ALL of the CBI’s frozen assets includes six to seven tons of gold. . . $81 Billion . . . those assets, even though frozen, accumulated interest for so many years. Iraq could have revalued before these assets were released but not at the rate they can since the release. Enough funds IMO they can come out at over $3.00 . . .with a higher rate than we anticipated.
6-13-2018 Intel Guru Delta [via sunny] The UN Security Council (UNSC) released all remaining sanctions of the last 16 years. This means the rate can go back to over $3.00. In 2003 the UN took Iraq’s currency, the dinar, down to 1/10 cent to prevent Sadaam from using funds for terrorism. The frozen assets the UNSC released of the Central Bank of Iraq (CBI) were in the mega $$. This is HUGE! Iraq will have their currency in a 2% compliant rate for 90 days on June 15 as required by the IMF. The Iraq currency needs to see re-instatment shortly. The revaluation is separate from the Iraq Elections. Alak, the CBI governor has said, "Lift restrictions on exchange rate 1st half of 2018." CBI will pull the trigger either the last week of June or last 10 days of June.
6-13-2018 Intel Guru Bruce This is interesting, because normally we sort of start with Iraq and get bored waiting for Iraq to post a rate or put this or that in the Gazette, or put their election results in. I don’t care anymore, because it’s a done deal. It has been done. If they want to take their time to put out their rate and let it be known internationally so be it. They are done. They have revalued in country. We know the rate. It is no secret to me. We know the rate, we know it’s good, and we know they have already done it.
6-13-2018 Newshound Guru Kaperoni ...There is no RV...can never be a RV there's too much currency in circulation for any kind of an overnight event. If we're lucky the CBI will move to a float and allow the dinar to gradually rise over time allowing the currency in circulation to be reduced. I've talked about this for years as this would be the process for the CBI to open the banking system to International Investment and investors.
6-13-2018 Newshound Guru Adam Montana ...Oil news is steady right now. GOI news is stable. For all intents and purposes, Abadi is moving forward in a pretty strong leadership fashion - I like it! Ramadan is less than 2 days from being over...and I'm personally excited to see how things go! I'm not anticipating an immediate RV, but rather a steady progression of news related to the recent elections, followed by more OIL related news, then HCL, and THEN we will be in the "zone". This may take another month to get stars aligned, or it may be a mad rush... either way, I'm getting busy here at the office in preparation for whatever is coming.
6-13-2018 Intel Guru Frank26 For the UNSC to release sanctions speaks volumes. It’s telling the International world we have confidence in Iraq...in their banking system...in their government. The CBI has made multiple announcements and a massive media effort from the CBI will follow.
6-13-2018 Intel Guru RayRen98 Baghdad news and billboard signs are informing the citizens of the gradual phase-out of the US dollar and that soon the ATM's will be providing all needed notes, including the lower denomination notes. Al-Fallujah, approximately 43 miles away, is reporting the same type of information.
6-13-2018 Newshound Guru Breitling It’s not a coincidence that Iraq got out of these sanctions knowing where the price per barrel is going to go and the next thing you know they’re out of these sanctions… So they are not going to have as many US dollars because the price per barrel is going to go down. What are they going to use? They are going to use the Iraqi dinar. So it’s a big huge deal for us. They were going to revalue anyways but now they’re open to that much more of the market and the market is that much more open to them. It was a huge weekend. People should be excited. This thing is going to come down…that’s reality….Everything is set in place. They are going to revalue their currency. They’re going to add value to it. They are going to have to... [Post 2 of 2]
6-13-2018 Newshound Guru Breitling Phenomenal news out of Iraq. What happened…is going to push the revaluation of the dinar that much quicker and that much more…Security council…letting the CBI out of sanctions that happen on June 6th or 7th…It’s a big deal for us. There are a lot of entities and persons in Iraq that have been sanctioned and the CBI was one of them. People don’t realize this. The CBI could have revalued under the sanctions they were under. All they had to do was reduce the note count. So what does it mean for us?…[Post 1 of 2]
6-13-2018 Newshound/Intel Guru Walkingstick [via sunny] It’s important to understand Iraq has a seated government and Abadi is the Prime Minister. The election recount is just about being caused by government officials who are the "spoiled brats, the sore losers." Sadr will appoint Abadi as Prime Minister for a second term. He will not wait for a recount. The elections are over! The elections have nothing to do with Iraqi Dinar re-in statement. What you are now reading about in print like the UNSC release of ALL of the CBI’s frozen assets includes six to seven tons of gold. . . $81 Billion . . . those assets, even though frozen, accumulated interest for so many years. Iraq could have revalued before these assets were released but not at the rate they can since the release. Enough funds IMO they can come out at over $3.00 . . .with a higher rate than we anticipated.
6-13-2018 Intel Guru Delta [via sunny] The UN Security Council (UNSC) released all remaining sanctions of the last 16 years. This means the rate can go back to over $3.00. In 2003 the UN took Iraq’s currency, the dinar, down to 1/10 cent to prevent Sadaam from using funds for terrorism. The frozen assets the UNSC released of the Central Bank of Iraq (CBI) were in the mega $$. This is HUGE! Iraq will have their currency in a 2% compliant rate for 90 days on June 15 as required by the IMF. The Iraq currency needs to see re-instatment shortly. The revaluation is separate from the Iraq Elections. Alak, the CBI governor has said, "Lift restrictions on exchange rate 1st half of 2018." CBI will pull the trigger either the last week of June or last 10 days of June.
6-12-2018 Newshound Guru Adam Montana 2 days...till end of
Ramadan! ...not that I'm excited to get this ball rolling or anything! Bring
it on, people! It's time to get this train moving again and we're in good
position.
6-12-2018 Newshound Guru Kaperoni Down to 2 days to meet compliance. [reference Guru Kaperoni post 6-10-2018 post 2 of 2] [Compliance with IMF's market vs official rate within 2% for 90 days rule]
6-12-2018 Newshound/Intel Guru Mnt Goat Article: "RECOUNTING WILL COST MILLIONS AND COULD STALL THE FORMATION OF THE NEW GOVERNMENT BY MONTHS" ...no one said they are still going ahead with the recounting. Sadr is just giving his opinion and some facts on the subject. The judiciary still has to rule if the legislation of Parliament if constitutional and also if it should apply to the recent election since the amendment to the election law was NOT in place at the time of the election. We still wait to hear for the ruling on this issue from the Judiciary. They were supposed to rule in 48 hours...
6-12-2018 Newshound Guru chattels Article: "Recount Will Test the Integrity of Iraq’s Elections" Quotes: " ...accusations of tampering with electronic voting machines, ballot box stuffing, voter intimidation, bribery, and misuse of voter IDs." "A recount carries significant political risks as well. It might delay the government formation process well into 2019 and cause further party fragmentation." Excellent article in voter fraud and recount in the Iraqi Election. Note that the author ideates on the possibility of the formation of a new government in Iraq being delayed until 2019. We shall see. Tune in tomorrow for another day in the life of the " democratic experiment " in Iraq. Democracy is a messy business. I have not abandoned hope for Iraq, but it is foolish to think that we can know what and when anything may happen.
6-12-2018 Newshound Guru Don961 Article: "Arrest of four accused in the burning of UNHCR warehouses in Rusafa" Quote: "The Supreme Judicial Council announced on Monday (June 11th, 2018) the arrest of four people, including three policemen and an employee of the Electoral Commission, who were accused of a fire in UNHCR warehouses in Rusafa."
6-12-2018 Newshound Guru Kaperoni Down to 2 days to meet compliance. [reference Guru Kaperoni post 6-10-2018 post 2 of 2] [Compliance with IMF's market vs official rate within 2% for 90 days rule]
6-12-2018 Newshound/Intel Guru Mnt Goat Article: "RECOUNTING WILL COST MILLIONS AND COULD STALL THE FORMATION OF THE NEW GOVERNMENT BY MONTHS" ...no one said they are still going ahead with the recounting. Sadr is just giving his opinion and some facts on the subject. The judiciary still has to rule if the legislation of Parliament if constitutional and also if it should apply to the recent election since the amendment to the election law was NOT in place at the time of the election. We still wait to hear for the ruling on this issue from the Judiciary. They were supposed to rule in 48 hours...
6-12-2018 Newshound Guru chattels Article: "Recount Will Test the Integrity of Iraq’s Elections" Quotes: " ...accusations of tampering with electronic voting machines, ballot box stuffing, voter intimidation, bribery, and misuse of voter IDs." "A recount carries significant political risks as well. It might delay the government formation process well into 2019 and cause further party fragmentation." Excellent article in voter fraud and recount in the Iraqi Election. Note that the author ideates on the possibility of the formation of a new government in Iraq being delayed until 2019. We shall see. Tune in tomorrow for another day in the life of the " democratic experiment " in Iraq. Democracy is a messy business. I have not abandoned hope for Iraq, but it is foolish to think that we can know what and when anything may happen.
6-12-2018 Newshound Guru Don961 Article: "Arrest of four accused in the burning of UNHCR warehouses in Rusafa" Quote: "The Supreme Judicial Council announced on Monday (June 11th, 2018) the arrest of four people, including three policemen and an employee of the Electoral Commission, who were accused of a fire in UNHCR warehouses in Rusafa."
6-11-2018 Newshound/Intel Guru Mnt Goat Now we witnessed this same pattern. The Sadr Movement needs to get rid of all of these crooked politicians. ...Now I believe Iraq may sincerely get the power to actually do it. No more negotiating on the elections results just to compromise to allow these goons to stay yet another 4 years in some kind of political position, thus immune from prosecution. I am hopeful Sadr will finally...put an end to this chapter of Iraqi history once and for all. It sounds like someone (namely) Sadr, has the political will and clout to do it. [post 2 of 2]
6-11-2018 Newshound/Intel Guru Mnt Goat Article quote: "The leader of the Sadrist movement Muqtada al-Sadr called in a written statement on Friday to the Iraqi security authorities to start a campaign of arms disarmament throughout the country after the holiday of Eid al-Fitr directly, calling for the arms inventory by the state." I believe this is in response to the recent bombing in Sadr city. We all know why this bombing occurred. Remember back to the Nori al-Maliki years whenever he did not get his way, Iraq always seemed to have this rash of bombings. Who was instigating these bombings? Guess who? Blame it on terrorists? Sure but the question is who are the real terrorists? [post 1 of 2....stay tuned]
6-11-2018 Newshound/Intel Guru tman23 ESF (exchange stabilization fund)...It is a branch of our UST, it is said to be the architect of world exchange rates to world currencies... I never said ESF sets the RATE...I did say they are the architect.. And I think the better question is...Who is going to convert this currency for you? What bank will risk holding it? We assume the UST will have to back it up for any exchange to take place...And if that assumption is close to accurate...Do you really think that the IMF or CBI will set a rate without UST approval... ...Good luck with the 3 zero notes floating...NEVER EVER GOING TO HAPPEN...That is insane corruption waiting to happen... [NOTE: The Exchange Stabilization Fund (ESF) consists of three types of assets: U.S. dollars, foreign currencies, and Special Drawing Rights (SDRs), which is an international reserve asset created by the International Monetary Fund.]
6-11-2018 Newshound/Intel Guru Mnt Goat Article: "IS THE CONTINUATION OF PARLIAMENT WAY BEYOND ITS NORMAL TERM SESSIONS CONSTITUTIONAL?" Quote: "POINTING OUT THAT "THE OFFICIAL TERM OF THE PARLIAMENT ENDS ON JUNE 30, AND HERE THE DEPUTIES TURN INTO ORDINARY CITIZENS." ...a legal expert for the govt is telling us that it is not a good idea for Parliament to continue with these Special Sessions beyond their normal Official Term which ended June 30th. He references the constitution. We know why they continue with these session as this not really an emergency, as the Constitution states an emergency must occur to have a Special Session, but rather they are being conducted as political posturing in order to create confusion and chaos under false pretense of an Elections Crisis. They must end before July 1st even. Enough is Enough!!
6-11-2018 Intel Guru AdminBill ...FOR THE MOST PART WE ARE AWARE OF CERTAIN "INFORMATION" THAT MAY BE "SENSITIVE" AT THIS STAGE IN THE PROCESS... WE ARE, HOPEFULLY, NEARING A POINT THAT WE DO NOT WANT TO UPSET THE APPLE CART SO TO SPEAK...THERE ARE CERTAIN PROVIDERS THAT SHARE THEIR INFORMATION THAT IS NOT MEANT FOR OUR EYES. ...WE DO OUR VERY BEST TO PROVIDE YOU WITH A GENERIC STATUS REPORT WHENEVER POSSIBLE.
6-11-2018 Newshound/Intel Guru Mnt Goat Article: "TAKING DOWN THESE FAKE BANKS" ...this is the forth article on the CBI taking down four separate “fake” banks fronting as banks using the currency auctions to get the USD out of the CBI reserves. So we can see the CBI is working on cleaning up this currency MANIPULITION and FRAUD they talked about in earlier articles as to why they wanted the “project to delete the zeros” postponed until sometime after the elections.
6-11-2018 Newshound Guru chattels
Jun 15 Friday Eid al-Fitr National holiday
Jun 16 Saturday Eid al-Fitr holiday National holiday
Jun 17 Sunday Eid al-Fitr holiday National holiday
6-11-2018 Newshound Guru Kaperoni My guess is al-Maliki is behind this fire... fits his MO. Destroy the ballots than there can't be a recount. Course his goal is a new election.
6-11-2018 Newshound/Intel Guru BGG Article: "Iraq’s parliament speaker calls for election rerun, after fire hits ballot boxes warehouse" Why would this be Sadr?? He loves his position and has nothing to fear from a recount… especially if these accusations about the IHEC (or HEC – whatever they are calling it this week) are true and we get an unbiased panel of 9 judges instead.
6-11-2018 Newshound/Intel Guru Mnt Goat Article quote: "The leader of the Sadrist movement Muqtada al-Sadr called in a written statement on Friday to the Iraqi security authorities to start a campaign of arms disarmament throughout the country after the holiday of Eid al-Fitr directly, calling for the arms inventory by the state." I believe this is in response to the recent bombing in Sadr city. We all know why this bombing occurred. Remember back to the Nori al-Maliki years whenever he did not get his way, Iraq always seemed to have this rash of bombings. Who was instigating these bombings? Guess who? Blame it on terrorists? Sure but the question is who are the real terrorists? [post 1 of 2....stay tuned]
6-11-2018 Newshound/Intel Guru tman23 ESF (exchange stabilization fund)...It is a branch of our UST, it is said to be the architect of world exchange rates to world currencies... I never said ESF sets the RATE...I did say they are the architect.. And I think the better question is...Who is going to convert this currency for you? What bank will risk holding it? We assume the UST will have to back it up for any exchange to take place...And if that assumption is close to accurate...Do you really think that the IMF or CBI will set a rate without UST approval... ...Good luck with the 3 zero notes floating...NEVER EVER GOING TO HAPPEN...That is insane corruption waiting to happen... [NOTE: The Exchange Stabilization Fund (ESF) consists of three types of assets: U.S. dollars, foreign currencies, and Special Drawing Rights (SDRs), which is an international reserve asset created by the International Monetary Fund.]
6-11-2018 Newshound/Intel Guru Mnt Goat Article: "IS THE CONTINUATION OF PARLIAMENT WAY BEYOND ITS NORMAL TERM SESSIONS CONSTITUTIONAL?" Quote: "POINTING OUT THAT "THE OFFICIAL TERM OF THE PARLIAMENT ENDS ON JUNE 30, AND HERE THE DEPUTIES TURN INTO ORDINARY CITIZENS." ...a legal expert for the govt is telling us that it is not a good idea for Parliament to continue with these Special Sessions beyond their normal Official Term which ended June 30th. He references the constitution. We know why they continue with these session as this not really an emergency, as the Constitution states an emergency must occur to have a Special Session, but rather they are being conducted as political posturing in order to create confusion and chaos under false pretense of an Elections Crisis. They must end before July 1st even. Enough is Enough!!
6-11-2018 Intel Guru AdminBill ...FOR THE MOST PART WE ARE AWARE OF CERTAIN "INFORMATION" THAT MAY BE "SENSITIVE" AT THIS STAGE IN THE PROCESS... WE ARE, HOPEFULLY, NEARING A POINT THAT WE DO NOT WANT TO UPSET THE APPLE CART SO TO SPEAK...THERE ARE CERTAIN PROVIDERS THAT SHARE THEIR INFORMATION THAT IS NOT MEANT FOR OUR EYES. ...WE DO OUR VERY BEST TO PROVIDE YOU WITH A GENERIC STATUS REPORT WHENEVER POSSIBLE.
6-11-2018 Newshound/Intel Guru Mnt Goat Article: "TAKING DOWN THESE FAKE BANKS" ...this is the forth article on the CBI taking down four separate “fake” banks fronting as banks using the currency auctions to get the USD out of the CBI reserves. So we can see the CBI is working on cleaning up this currency MANIPULITION and FRAUD they talked about in earlier articles as to why they wanted the “project to delete the zeros” postponed until sometime after the elections.
6-11-2018 Newshound Guru chattels
Jun 15 Friday Eid al-Fitr National holiday
Jun 16 Saturday Eid al-Fitr holiday National holiday
Jun 17 Sunday Eid al-Fitr holiday National holiday
6-11-2018 Newshound Guru Kaperoni My guess is al-Maliki is behind this fire... fits his MO. Destroy the ballots than there can't be a recount. Course his goal is a new election.
6-11-2018 Newshound/Intel Guru BGG Article: "Iraq’s parliament speaker calls for election rerun, after fire hits ballot boxes warehouse" Why would this be Sadr?? He loves his position and has nothing to fear from a recount… especially if these accusations about the IHEC (or HEC – whatever they are calling it this week) are true and we get an unbiased panel of 9 judges instead.
6-10-2018 Newshound Guru Kaperoni Down to 4 days to meet compliance. [IMF's Market Rate vs. Official Rate within 2% for 90 days rule.]
6-10-2018 Newshound Guru Whitelions I think if the fire in Iraq was set (and More Likely it was ) for them to hold a new vote will bring more people out than ever and Sadr will win by more than a land slide and the people that set it will have to live with the back fire .
6-10-2018 Intel/Newshound Guru tman23 Iraqi Parliament Speaker Salim al-Jabouri on Sunday claimed the fire that broke out at a warehouse in eastern Baghdad, where the electoral commission kept ballot boxes, was deliberate and called for a new parliamentary election... NEW ELECTION...LOL!!! What a mess...who could of possibly seen this coming?? Funny Jabouri was calling for a new election saying ballots were destroyed as firefighters were in the middle of still putting out the fire...
6-10-2018 Newshound Guru Kaperoni Article: "Fire breaks out at Baghdad warehouse storing ballot boxes for Iraq's election recount" Quote: "A Baghdad warehouse being used to store ballot boxes for Iraq's contested parliamentary election caught fire on Sunday, ahead of a nationwide recount effort." Imagine that! a fire breaks out in the warehouse that storing ballot boxes that are going to be recounted sound familiar?
6-10-2018 Newshound Guru Kaperoni So if we're waiting for the formation of the government to occur before any kind of monetary reform can go forward, it looks like we might be waiting an extra month or so. I think we were all hoping for the formation of the government to occur by the end of June and to coincide with the cbi's three-month IMF requirement (June 15 or so) compliance but that looks like it might be pushed back until the end of July or August. If so we have to hope that the CBI can continue to maintain spread within 2% or less for that duration. In the meantime I am looking for some news that would indicate that the IMF has scheduled their Article IV Consultation with Iraq. I believe this will occur at the same or about the same time as the CBI's begins monetary reform. [post 2 of 2]
6-10-2018 Newshound Guru Kaperoni Some good news today if you call it that, it looks like the manual recount is only going to take about 10 days and not 3 months as originally predicted. Personally I don't know what the desire for manual recount is for. It's not going to change the outcome of who becomes prime-minister because that is based on political blocks unifying to form an alliance. At best, a political block may pick up a seat or two in parliament. But all this nonsense has been initiated by al-Maliki and his block and Salim Jubouri the parliament speaker who both lost pretty handily in the elections. What also appears to have happened is in the last day or so a large alliance has been formed consisting of a majority of parliamentary seats. This Alliance does not include al-Maliki or his state of law coalition. [post 1 of 2....stay tuned]
6-10-2018 Newshound Guru Whitelions I think if the fire in Iraq was set (and More Likely it was ) for them to hold a new vote will bring more people out than ever and Sadr will win by more than a land slide and the people that set it will have to live with the back fire .
6-10-2018 Intel/Newshound Guru tman23 Iraqi Parliament Speaker Salim al-Jabouri on Sunday claimed the fire that broke out at a warehouse in eastern Baghdad, where the electoral commission kept ballot boxes, was deliberate and called for a new parliamentary election... NEW ELECTION...LOL!!! What a mess...who could of possibly seen this coming?? Funny Jabouri was calling for a new election saying ballots were destroyed as firefighters were in the middle of still putting out the fire...
6-10-2018 Newshound Guru Kaperoni Article: "Fire breaks out at Baghdad warehouse storing ballot boxes for Iraq's election recount" Quote: "A Baghdad warehouse being used to store ballot boxes for Iraq's contested parliamentary election caught fire on Sunday, ahead of a nationwide recount effort." Imagine that! a fire breaks out in the warehouse that storing ballot boxes that are going to be recounted sound familiar?
6-10-2018 Newshound Guru Kaperoni So if we're waiting for the formation of the government to occur before any kind of monetary reform can go forward, it looks like we might be waiting an extra month or so. I think we were all hoping for the formation of the government to occur by the end of June and to coincide with the cbi's three-month IMF requirement (June 15 or so) compliance but that looks like it might be pushed back until the end of July or August. If so we have to hope that the CBI can continue to maintain spread within 2% or less for that duration. In the meantime I am looking for some news that would indicate that the IMF has scheduled their Article IV Consultation with Iraq. I believe this will occur at the same or about the same time as the CBI's begins monetary reform. [post 2 of 2]
6-10-2018 Newshound Guru Kaperoni Some good news today if you call it that, it looks like the manual recount is only going to take about 10 days and not 3 months as originally predicted. Personally I don't know what the desire for manual recount is for. It's not going to change the outcome of who becomes prime-minister because that is based on political blocks unifying to form an alliance. At best, a political block may pick up a seat or two in parliament. But all this nonsense has been initiated by al-Maliki and his block and Salim Jubouri the parliament speaker who both lost pretty handily in the elections. What also appears to have happened is in the last day or so a large alliance has been formed consisting of a majority of parliamentary seats. This Alliance does not include al-Maliki or his state of law coalition. [post 1 of 2....stay tuned]
6-9-2018 Intel Guru Frank26 "WE HAVE BEEN TELLING YOU THERE ARE THINGS WE CANNOT SHARE UNTIL THEY ARE IN PRINT." SO MUCH MORE TO COME...AND NOTICE...EACH NEW REVELATION OF THE RI BRINGS THE FINALITY WE SEEK SO MUCH CLOSER TO US...IT MAGNIFIES IT IMO...RIGHT BEFORE OUR EYES !!! WHAT HAPPENED YESTERDAY WAS COLOSSAL FOR THE RI...
6-9-2018 Intel Guru Bruce We did hear that some of the Iraqi citizens had access to their Qi cards, the Visa they got. The rates are slightly higher than we had before. ...I did mention a rate a month ago. We are at a rate higher than that now. ...You are not going to have to worry about that at all.
6-9-2018 Newshound Guru Kaperoni The current rate of the Iraqi dinar 1190 is real and accurate and a result of monetary policy accomplished over several years when Shabibi was in charge it's not artificial or program rate. The recent change in the exchange rate in year 2015 to 1186 now reflecting 1190 is real and a result of discussions between the IMF and the CBI to monitor the conditions in Iraq and the subsequent reforms. As I said before numerous times if and when the CBI accepts IMF Article VIII they will have to get off the peg and move to some type of float allowing the dinar to gradually rise based on investment and capital influx. This is no overnight event.
6-9-2018 Newshound Guru chattels Quote: "Legal team replaces Iraq High Election Commission & supervises hand recount of votes from 12 May. This will take 3 weeks. (Authorities of current government end 30 June & if no new government formed, a temporary government with limited powers takes over)" So, at this point there has been no ratification of the election results by the Iraqi Judiciary. The timeline for government formation has not begun until the act of ratification. It appears that it may be after June 30 until the completion of the recount and the election results can be ratified. Iraq will have a caretaker government beginning about July 1st. It is unlikely that Iraq will have a new government until late August or early September, IMO. ...I have opined that the first quarter of 2019 seems like the earliest date for completion of monetary reform and the realization of any value for us. Not a prediction, but nothing likely before then is my sense of it.
6-9-2018 Newshound/Intel Guru Mnt Goat Article: "SECURITY COUNCIL SANCTIONS COMMITTEE CONCERNING IRAQ REMOVES ONE ENTITY FROM ITS SANCTIONS LIST" ...this is WOW! news. Now the Central Bank of Iraq can do business with the outside world. Apparently when they told us last year that Iraq was “fully” out of Chapter VII sanctions this was not entirely accurate. But this is fantastic news today. Could this be why they would not let the CBI reinstate the currency up to now?
6-9-2018 Newshound Guru Kaperoni Today there is more discussion on the desire to do a manual recount of election results. These efforts if successful could slow down the process of forming a new government for several months. More importantly these kinds of activities drastically curb the desire for International Investment in Iraq.
6-9-2018 Intel Guru Bruce We did hear that some of the Iraqi citizens had access to their Qi cards, the Visa they got. The rates are slightly higher than we had before. ...I did mention a rate a month ago. We are at a rate higher than that now. ...You are not going to have to worry about that at all.
6-9-2018 Newshound Guru Kaperoni The current rate of the Iraqi dinar 1190 is real and accurate and a result of monetary policy accomplished over several years when Shabibi was in charge it's not artificial or program rate. The recent change in the exchange rate in year 2015 to 1186 now reflecting 1190 is real and a result of discussions between the IMF and the CBI to monitor the conditions in Iraq and the subsequent reforms. As I said before numerous times if and when the CBI accepts IMF Article VIII they will have to get off the peg and move to some type of float allowing the dinar to gradually rise based on investment and capital influx. This is no overnight event.
6-9-2018 Newshound Guru chattels Quote: "Legal team replaces Iraq High Election Commission & supervises hand recount of votes from 12 May. This will take 3 weeks. (Authorities of current government end 30 June & if no new government formed, a temporary government with limited powers takes over)" So, at this point there has been no ratification of the election results by the Iraqi Judiciary. The timeline for government formation has not begun until the act of ratification. It appears that it may be after June 30 until the completion of the recount and the election results can be ratified. Iraq will have a caretaker government beginning about July 1st. It is unlikely that Iraq will have a new government until late August or early September, IMO. ...I have opined that the first quarter of 2019 seems like the earliest date for completion of monetary reform and the realization of any value for us. Not a prediction, but nothing likely before then is my sense of it.
6-9-2018 Newshound/Intel Guru Mnt Goat Article: "SECURITY COUNCIL SANCTIONS COMMITTEE CONCERNING IRAQ REMOVES ONE ENTITY FROM ITS SANCTIONS LIST" ...this is WOW! news. Now the Central Bank of Iraq can do business with the outside world. Apparently when they told us last year that Iraq was “fully” out of Chapter VII sanctions this was not entirely accurate. But this is fantastic news today. Could this be why they would not let the CBI reinstate the currency up to now?
6-9-2018 Newshound Guru Kaperoni Today there is more discussion on the desire to do a manual recount of election results. These efforts if successful could slow down the process of forming a new government for several months. More importantly these kinds of activities drastically curb the desire for International Investment in Iraq.
6-8-2018 Newshound/Intel Guru Mnt Goat ...Iraq told the citizens to wait until after the elections to complete the project to delete the zeros... What they meant was for the dust to settle after the elections and to have a good sense of the formation of the next government...So we are in a very good position now since they just announced yesterday that the majority bloc is now all completed and “official”. Sadr has completed his work in this bloc building. We know he has his candidate for the prime minister picked out. Parliament will continue to bully the Election Committee right up until July 1st, when they no longer have any power are disbanded. ...if they do any recounting it will not be because Parliament said so. Instead it will be due to legitimate reasons and fully supported by the Electoral Commission and the Judiciary. Anyhow, any recounting will probably only place the outcome more in the favor of Haider al-Abadi anyhow.
6-8-2018 Intel Guru Frank26 Article: "Security Council Committee on Iraq Removes Entity from its Sanctions List" YES ...INDEED ...THIS IS EXCITING AND ... SYNCHRONIZED... BUT MORE EXCITING FOR ME... IT'S IN PRINT NOW!!! WATCH THE RATE GO TO 1200 NEXT ...IMO.
6-8-2018 Newshound/Intel Guru Arthur AS OF THIS RELEASE...THE CBI IS ONLY NOW FREE TO COMPLETE THE MONETARY REFORMS UP TO AND INCLUDING THE REINSTATEMENT/REVALUATION OF THE IRAQI DINAR. IT IS MY OPINION WE WILL NOW SEE SWIFT ACTION BY THE CBI AS ALAK WILL NOW HAVE CARTE BLANCHE TO COMPLY WITH ALL IMF MANDATES TO END THE MCP AND THE CURRENT WINDOW IN REGARDS TO THE AUCTION PROCESS. WE NOW HAVE THE "SUITABLE CONDITIONS" CBI GOVERNOR ALAK HAS BEEN ALLUDING TO. STAY TUNED. HERE WE GO! [post 2 of 2]
6-8-2018 Newshound/Intel Guru Arthur I HAVE DONE MY PRELIMINARY DUE DILIGENCE ON THE ENTIRE UN RESOLUTION 1483. THOUGH MORE STUDY AND CONSULT WITH MY UN RESOURCES ARE NEEDED...I CAN EVEN NOW SAY THIS IS AN HISTORIC MOMENT FOR OUR INVESTMENT. I HAVE ALWAYS SAID WE DON'T KNOW WHAT WE DON'T KNOW AND THIS ONE WAS THE MOTHER OF ALL OVERSIGHTS! UNBEKNOWNST TO ALL OF US....THE PTB HAS BEEN HOLDING THIS UP VIA THIS UN RESOLUTION 1483. IT SPECIFICALLY FREEZES THE PROGRAM RATE IN PLACE DUE TO PARTS OF CHAPTER VII SANCTION GOING BACK TO SADAAM HUSSEIN. [post 1 of 2....stay tuned]
6-8-2018 Intel Guru Delta Article: "Security Council Committee on Iraq Removes Entity from its Sanctions List" YES IT'S TRUE ...RELEASE ASSET FROSEN BELONGS TO CBI IS VERY IMPORTANT FOR THE NEW INTERNATIONAL RATE OF IQD...YES HUGE...BYE...BYE....PROGRAM RATE... [Delta, wasn't this the main restriction that was keeping them from being even able to go international?] YES...GREEN LIGHT TO GO INTERNATIONAL FROM UNSC...WOWWWW...
6-8-2018 Intel Guru Bruce When you get down to where we are in this thing, we are like coasting in. It is almost like our fuel is gone and we are coasting in on fumes. What we are seeing now with many of our sources which we have 15 or 20 main sources that feed information from time to time. What we are primarily getting is a lot of crickets, a lot of quiet from people we normally hear from. Some people are under gag orders. Some people are under NDAs. Some people are under just black out and not able to communicate. However, the ones we are talking to and getting to are bringing it very strongly...All we can say things are moving along nicely...There has been people that have put out dates. We heard the 11th. We heard the 13th. I am telling you I have not hearing anything beyond the next couple of days...We heard...today ...from a very good source that we were within 36 hours of the exchanges being fulfilled, getting started.
6-8-2018 Newshound Guru chattels "Hikma, Sayron and Watanyiah signed an agreement to form the biggest bloc." That is a total of 93 seats between the three. Add Abadi and the total is 135. Need 30 more for a total of 165 to form a government. KDP has 24, PUK has 18 and Qarar has 14.
6-8-2018 Intel Guru Frank26 Article: "Security Council Committee on Iraq Removes Entity from its Sanctions List" YES ...INDEED ...THIS IS EXCITING AND ... SYNCHRONIZED... BUT MORE EXCITING FOR ME... IT'S IN PRINT NOW!!! WATCH THE RATE GO TO 1200 NEXT ...IMO.
6-8-2018 Newshound/Intel Guru Arthur AS OF THIS RELEASE...THE CBI IS ONLY NOW FREE TO COMPLETE THE MONETARY REFORMS UP TO AND INCLUDING THE REINSTATEMENT/REVALUATION OF THE IRAQI DINAR. IT IS MY OPINION WE WILL NOW SEE SWIFT ACTION BY THE CBI AS ALAK WILL NOW HAVE CARTE BLANCHE TO COMPLY WITH ALL IMF MANDATES TO END THE MCP AND THE CURRENT WINDOW IN REGARDS TO THE AUCTION PROCESS. WE NOW HAVE THE "SUITABLE CONDITIONS" CBI GOVERNOR ALAK HAS BEEN ALLUDING TO. STAY TUNED. HERE WE GO! [post 2 of 2]
6-8-2018 Newshound/Intel Guru Arthur I HAVE DONE MY PRELIMINARY DUE DILIGENCE ON THE ENTIRE UN RESOLUTION 1483. THOUGH MORE STUDY AND CONSULT WITH MY UN RESOURCES ARE NEEDED...I CAN EVEN NOW SAY THIS IS AN HISTORIC MOMENT FOR OUR INVESTMENT. I HAVE ALWAYS SAID WE DON'T KNOW WHAT WE DON'T KNOW AND THIS ONE WAS THE MOTHER OF ALL OVERSIGHTS! UNBEKNOWNST TO ALL OF US....THE PTB HAS BEEN HOLDING THIS UP VIA THIS UN RESOLUTION 1483. IT SPECIFICALLY FREEZES THE PROGRAM RATE IN PLACE DUE TO PARTS OF CHAPTER VII SANCTION GOING BACK TO SADAAM HUSSEIN. [post 1 of 2....stay tuned]
6-8-2018 Intel Guru Delta Article: "Security Council Committee on Iraq Removes Entity from its Sanctions List" YES IT'S TRUE ...RELEASE ASSET FROSEN BELONGS TO CBI IS VERY IMPORTANT FOR THE NEW INTERNATIONAL RATE OF IQD...YES HUGE...BYE...BYE....PROGRAM RATE... [Delta, wasn't this the main restriction that was keeping them from being even able to go international?] YES...GREEN LIGHT TO GO INTERNATIONAL FROM UNSC...WOWWWW...
6-8-2018 Intel Guru Bruce When you get down to where we are in this thing, we are like coasting in. It is almost like our fuel is gone and we are coasting in on fumes. What we are seeing now with many of our sources which we have 15 or 20 main sources that feed information from time to time. What we are primarily getting is a lot of crickets, a lot of quiet from people we normally hear from. Some people are under gag orders. Some people are under NDAs. Some people are under just black out and not able to communicate. However, the ones we are talking to and getting to are bringing it very strongly...All we can say things are moving along nicely...There has been people that have put out dates. We heard the 11th. We heard the 13th. I am telling you I have not hearing anything beyond the next couple of days...We heard...today ...from a very good source that we were within 36 hours of the exchanges being fulfilled, getting started.
6-8-2018 Newshound Guru chattels "Hikma, Sayron and Watanyiah signed an agreement to form the biggest bloc." That is a total of 93 seats between the three. Add Abadi and the total is 135. Need 30 more for a total of 165 to form a government. KDP has 24, PUK has 18 and Qarar has 14.
6-7-2018 Newshound Guru Don961 Article: "TRADE BANK OF IRAQ" Quotes: "...all that happened was a temporary suspension of Atms..." "...to complete the modernization and development procedures of the electronic card system at the bank in order to provide best services to bank customers." Temporary suspension of ATMs??? ... to change out/upgrade some software perhaps??? ... imo.
6-7-2018 Newshound/Intel Guru Mnt Goat Article: "SADR REFUSIES TO TALK ABOUT AN ALLIANCE WITH THE HEAD OF A COALITION OF "STATE LAW," NURI AL-MALIKI, TO FORM A GOVERNMENT" ...this is a very good update on the process of the formation of the largest block and how they form their new govt as to what takes place during the post-voting period. They told us in the Mondays articles that this will all be done by end of Ramadam which is June 15th. I luv this article because it is telling me that Nori al-Maliki does NOT have any leverage this time around to wiggle himself into yet another political position in the govt, thus giving him immunity from prosecution for the crimes he has committing upon the Iraqi people...
6-7-2018 Intel Guru Frank26 [via sunny] National bank of Iraq stopped using USD. Doing everything electronically. Their ATM’s will not dispense USD. Watch all the other banks in Iraq follow this in the same manner...banks inside and outside Iraq...Visa and MC . . .This is International...
6-7-2018 Intel Guru Bruce Some people are concern about Vietnam. I think what is happening is Vietnam is holding their cards very close to them right now and we are not going to see that rate on the screen until the very last second because that is a currency in current use. They have to bring that out exactly the right time. My understanding is it will come at the same time as the Dinar...
6-7-2018 Newshound/Intel Guru Mnt Goat ...Wednesday June 6th...Parliament is supposed to meet and swear in the new Parliament members for the July 1st first session of the new parliament. Also, they told us they will announce the candidate for the new prime minister whose job will be to form the new government within 90 days. Do we need the “fully” formed new govt for the CBI to move ahead with the reinstatement process of the dinar? I am being told we do not and the CBI plans to move ahead as long as any candidate presented (we know it will most probably be PM Abadi again) will create political security in Iraq and support the monetary reform process and other economic reforms of the country.
6-7-2018 Newshound Guru Adam Montana We are a mere week away from the end of Ramadan, and judging by the current events, this may be the most explosive..."end of Ramadan" we've ever seen. Things are happening. None of it really matters until they push the button, but we all know that any news is better than no news. I don't think I've ever seen a Ramadan as busy as this one, in terms of newsworthy events. One item that I will expand on is the Elections - there is a lot of confusion about the Prime Minister seat. Did Abadi retain power, or not? Article: "The start of the parliament session headed by Jubouri" Articles quotes: "Presidency of the parliament decides to hold an extraordinary session on Thursday..." "The Presidency of Parliament announced on Wednesday, the Parliament held its extraordinary session in the presence of 172 deputies to correct the electoral process." If there was ONE thing I'd say to keep an eye on right now, that is probably it. Until that's settled, I don't see any progress happening with HCL or really anything else, so - we will watch.
6-7-2018 Newshound/Intel Guru Mnt Goat Article: "SADR REFUSIES TO TALK ABOUT AN ALLIANCE WITH THE HEAD OF A COALITION OF "STATE LAW," NURI AL-MALIKI, TO FORM A GOVERNMENT" ...this is a very good update on the process of the formation of the largest block and how they form their new govt as to what takes place during the post-voting period. They told us in the Mondays articles that this will all be done by end of Ramadam which is June 15th. I luv this article because it is telling me that Nori al-Maliki does NOT have any leverage this time around to wiggle himself into yet another political position in the govt, thus giving him immunity from prosecution for the crimes he has committing upon the Iraqi people...
6-7-2018 Intel Guru Frank26 [via sunny] National bank of Iraq stopped using USD. Doing everything electronically. Their ATM’s will not dispense USD. Watch all the other banks in Iraq follow this in the same manner...banks inside and outside Iraq...Visa and MC . . .This is International...
6-7-2018 Intel Guru Bruce Some people are concern about Vietnam. I think what is happening is Vietnam is holding their cards very close to them right now and we are not going to see that rate on the screen until the very last second because that is a currency in current use. They have to bring that out exactly the right time. My understanding is it will come at the same time as the Dinar...
6-7-2018 Newshound/Intel Guru Mnt Goat ...Wednesday June 6th...Parliament is supposed to meet and swear in the new Parliament members for the July 1st first session of the new parliament. Also, they told us they will announce the candidate for the new prime minister whose job will be to form the new government within 90 days. Do we need the “fully” formed new govt for the CBI to move ahead with the reinstatement process of the dinar? I am being told we do not and the CBI plans to move ahead as long as any candidate presented (we know it will most probably be PM Abadi again) will create political security in Iraq and support the monetary reform process and other economic reforms of the country.
6-7-2018 Newshound Guru Adam Montana We are a mere week away from the end of Ramadan, and judging by the current events, this may be the most explosive..."end of Ramadan" we've ever seen. Things are happening. None of it really matters until they push the button, but we all know that any news is better than no news. I don't think I've ever seen a Ramadan as busy as this one, in terms of newsworthy events. One item that I will expand on is the Elections - there is a lot of confusion about the Prime Minister seat. Did Abadi retain power, or not? Article: "The start of the parliament session headed by Jubouri" Articles quotes: "Presidency of the parliament decides to hold an extraordinary session on Thursday..." "The Presidency of Parliament announced on Wednesday, the Parliament held its extraordinary session in the presence of 172 deputies to correct the electoral process." If there was ONE thing I'd say to keep an eye on right now, that is probably it. Until that's settled, I don't see any progress happening with HCL or really anything else, so - we will watch.
6-6-2018 Intel Guru Frank26 [via sunny] Iraq Dinar is still at the 1190 rate staying in the 2% parity range of 1:1 with the USD as required by the IMF for stability. To maintain that it may have to go to 1200. It wasn’t a fluke ...an accident...a mistake...a glitch...It was a reinstatement step...It’s right in front of your face...As the American dollar goes up...IMO the Dinar rate may have to go up again...maybe even go to 1200 to keep up with the USD, IMO.
6-6-2018 Newshound Guru Walkingstick [via sunny] Anytime a bill is signed/passed in Iraq it is found at the Ministry of Justice website and then published in the Gazette. Everything is at the Minister of Justice site. Article 8 is the law of the reinstatement. US dollar and the Iraqi Dinar must be in parity. 1:1 That is a step of the reinstatement. CBI used tools of Article 8 to be 2% compliant. 90 days is not important to maintain the compliance. This parity tells me it's done.
6-6-2018 Newshound/Intel Guru Mnt Goat Article: "Baghdad today - Baghdad A member of the House of Representatives AdelNuri, on Monday, the next parliament session scheduled for next Wednesday (today)." They hope to get a quorum to vote on the Election Law amendments. This is an opportune time and the speaker wants to take advantage of it while the iron is hot. This amendment has NOTHING to do with the recent past elections and is really insignificant to us and the RV. However I am also told that besides the amendments to the law of the elections it is expected that these procedures will hold the process of negotiations to form a government and the approval of the names of winners. So, I am told they plan to ratify the new members to the New Parliament at this time too. To do this the judiciary must come out with a statement by then on their previous re-voting resolution. So this could be an exciting week with much progress in the right direction of all goes well.
6-6-2018 Newshound Guru Walkingstick [via sunny] CBI gave the Gazette...back in May...an announcement to be published at a future date...CBI Announcement will be a number of announcements from the CBI. 1) Small notes, how to dispense. 2) Talk about 2nd set of books; 3) Article 8 compliant; 4) Talk about billboards and 5) Possibly a new CBI Governor. IT’S THE END AND THEY ARE GOING TO TELL THEIR CITIZENS EVERYTHING!
6-6-2018 Intel Guru Bruce I did not expect we would be here tonight [Tuesday]...That is how close we are...We can thank the United Nations to the fact...we are not at the banks yet. However they have figured a way to go around and we think what was seeming held up for us the last several days is no longer an issue...we know things have been triggered and are moving forward...The so called green light has been illuminated by the Pentagon giving us the go ahead to get started...I do believe our time is right there. Rates are holding up beautifully. Iraq some of the people that have the Qi cards have been told they can actually start to use those new Visa cards...I think...tomorrow. We did see a so call reinstatement rate on the CBI site of $1.19. I think that is a two day rate possibly until the actual rate we know about...will show up.
6-6-2018 Intel Guru Frank26 [via sunny] WS [Guru Walkingstick] firm works with the CBI on their directives to meet all that is required to meet the RI of the IQD. WS firm has met all the requirements and so have all the banks in Iraq...Now they are unveiling all the steps that were required to bring forth the RI. ...They WILL BE re-instating the Iraqi Dinar!
6-6-2018 Newshound Guru Walkingstick All banks associated with Iraq are not associated with US dollar anymore. They must "immediately" stop using US dollar. "How long have we been dreaming about these ATM's dispensing Iraq Dinars only! No USD any more. NOT AT PROGRAMMED RATE MUCH LONGER. They have exceeded the goal of the amount (bank accounts) needed for Re-in-statement... 24 of 37 million Iraq citizens opened bank accounts. That's why education will be an on going process. Re-in-statement is unfolding. Sounds like Auctions coming to an end. We have to continue to wait, realizing its "right in front of us." To: "Reinstate their currency.... No delay, no postponement... International status...with Mastercard/Visa. [post 2 of 2]
6-6-2018 Newshound Guru Walkingstick [via sunny] (Walkingstick...has an Iraq firm for over 25 years, 6 banks, 12+ ATM machines. His firm fulfills every category CBI is working on. WS tells only "what is in print.") Pay attention to National Bank of Iraq (NBI) as their software needs to be updated to activate ATM's (carries lower denoms.). NBI connected to Jordan with 22 ATM's. Electronic system fights corruption. Restricting the American dollar: If you use ATM's, can't get US dollars!! Not just ATM's, but if they come into our bank, ONLY Iraqi Dinars from now on. [post 1 of 2....stay tuned]
6-6-2018 Newshound Guru Walkingstick [via sunny] Anytime a bill is signed/passed in Iraq it is found at the Ministry of Justice website and then published in the Gazette. Everything is at the Minister of Justice site. Article 8 is the law of the reinstatement. US dollar and the Iraqi Dinar must be in parity. 1:1 That is a step of the reinstatement. CBI used tools of Article 8 to be 2% compliant. 90 days is not important to maintain the compliance. This parity tells me it's done.
6-6-2018 Newshound/Intel Guru Mnt Goat Article: "Baghdad today - Baghdad A member of the House of Representatives AdelNuri, on Monday, the next parliament session scheduled for next Wednesday (today)." They hope to get a quorum to vote on the Election Law amendments. This is an opportune time and the speaker wants to take advantage of it while the iron is hot. This amendment has NOTHING to do with the recent past elections and is really insignificant to us and the RV. However I am also told that besides the amendments to the law of the elections it is expected that these procedures will hold the process of negotiations to form a government and the approval of the names of winners. So, I am told they plan to ratify the new members to the New Parliament at this time too. To do this the judiciary must come out with a statement by then on their previous re-voting resolution. So this could be an exciting week with much progress in the right direction of all goes well.
6-6-2018 Newshound Guru Walkingstick [via sunny] CBI gave the Gazette...back in May...an announcement to be published at a future date...CBI Announcement will be a number of announcements from the CBI. 1) Small notes, how to dispense. 2) Talk about 2nd set of books; 3) Article 8 compliant; 4) Talk about billboards and 5) Possibly a new CBI Governor. IT’S THE END AND THEY ARE GOING TO TELL THEIR CITIZENS EVERYTHING!
6-6-2018 Intel Guru Bruce I did not expect we would be here tonight [Tuesday]...That is how close we are...We can thank the United Nations to the fact...we are not at the banks yet. However they have figured a way to go around and we think what was seeming held up for us the last several days is no longer an issue...we know things have been triggered and are moving forward...The so called green light has been illuminated by the Pentagon giving us the go ahead to get started...I do believe our time is right there. Rates are holding up beautifully. Iraq some of the people that have the Qi cards have been told they can actually start to use those new Visa cards...I think...tomorrow. We did see a so call reinstatement rate on the CBI site of $1.19. I think that is a two day rate possibly until the actual rate we know about...will show up.
6-6-2018 Intel Guru Frank26 [via sunny] WS [Guru Walkingstick] firm works with the CBI on their directives to meet all that is required to meet the RI of the IQD. WS firm has met all the requirements and so have all the banks in Iraq...Now they are unveiling all the steps that were required to bring forth the RI. ...They WILL BE re-instating the Iraqi Dinar!
6-6-2018 Newshound Guru Walkingstick All banks associated with Iraq are not associated with US dollar anymore. They must "immediately" stop using US dollar. "How long have we been dreaming about these ATM's dispensing Iraq Dinars only! No USD any more. NOT AT PROGRAMMED RATE MUCH LONGER. They have exceeded the goal of the amount (bank accounts) needed for Re-in-statement... 24 of 37 million Iraq citizens opened bank accounts. That's why education will be an on going process. Re-in-statement is unfolding. Sounds like Auctions coming to an end. We have to continue to wait, realizing its "right in front of us." To: "Reinstate their currency.... No delay, no postponement... International status...with Mastercard/Visa. [post 2 of 2]
6-6-2018 Newshound Guru Walkingstick [via sunny] (Walkingstick...has an Iraq firm for over 25 years, 6 banks, 12+ ATM machines. His firm fulfills every category CBI is working on. WS tells only "what is in print.") Pay attention to National Bank of Iraq (NBI) as their software needs to be updated to activate ATM's (carries lower denoms.). NBI connected to Jordan with 22 ATM's. Electronic system fights corruption. Restricting the American dollar: If you use ATM's, can't get US dollars!! Not just ATM's, but if they come into our bank, ONLY Iraqi Dinars from now on. [post 1 of 2....stay tuned]
6-5-2018 Intel Guru Delta "The CBI is going to make an Announcement. . . Urgent need for bankers to move to next stage. Remove program rate, "implement immediately." All the steps the IMF, World Bank, UST wanted were accomplished in the first three months of 2018. Now in June, implementing these steps. What these economists are saying fortifies this position.
6-5-2018 Newshound Guru Kaperoni Our unofficial countdown to IMF compliance as it pertains to maintaining the 2% spread is now at 9 days to go. As I mentioned yesterday I think we'll see the IMF conduct an Article IV Consultation with Iraq within the next 60 days preferably less. This would be a very good time for the IMF to do a thorough review of the reforms being conducted by the CBI as well as accept the letter for the transition to Article VIII. Transitioning off the dollar and using the dinar not only in country but internationally will open up the banking system for investment. The influx of capital created could allow the dinar to rise substantially in value. The CBI will have to prepare for that by getting off the Peg and moving to a float.
6-5-2018 Newshound/Intel Guru Mnt Goat Article: "COUNCIL OF REPRESENTATIVES BEGAN SATURDAY AFTERNOON, RESUMING ITS EXTRAORDINARY SESSION" Quotes: "It is scheduled that the House of Representatives the second reading of the proposed amendment to the Third Law of the elections of the House of Representatives No. 45 of 2013." "...to protect the democratic process including the integrity and fairness of the elections and to enable the Commission to conduct manual counting and sorting." ...Remember this is NOT yet the newly voted in parliament from the recent elections. Jubouri has been trying to pass this amendment to the election law for a very long time. Now he finally has some leverage to get the vote. Now they see the light as to why this law was important to have coming into the election. It will NOT apply to this last election.
6-5-2018 Newshound Guru Whitelions ...I'll tell you what...the gurus have really done their jobs over the years getting people to see everything that happens in Iraq as a road block to the value. I guess now we need to get people to see they are really working on it. and have just about made it there...and all this other stuff in the Iraq news is just everyday bis. just like the rest of the world they are running a country...
6-5-2018 Newshound Guru chattels "Oil prices rise to $75...Date of release:: 2018/6/5"
6-5-2018 Newshound Guru Kaperoni [When is the next article iv consultation] Sometime in the next two months.
6-5-2018 Newshound/Intel Guru Mnt Goat Article: "SADR'S SPOKESMAN: THEY ARE GOING TO FORM A GOVERNMENT AND CHOOSE THE PRIME MINISTER DEPENDS ON THEM" Quote: "...the existence of ongoing negotiations between the alliance with other political blocs, noting that the last ten days of the month of Ramadan will be crucial in this regard." What is Moussawi saying when he refers to the “last 10 days of Ramadan” in this article? To me it sounds like they know something we don’t? He says, and I quote - "naming the presidents of the republic and the councils of ministers and deputies is left”. So we know that in Iraq 2018 Ramadan falls between May 17th and June 15th. So there is only about 10 days remaining to Ramadan...right? ...so is he saying in the next ten days (by June 15th) they are targeting to get this elections mess all done and thus get naming the presidents of the republic and the councils of ministers and deputies? I certainly hope so! July 1st is coming real fast...the first scheduled session of the NEW Parliament.
6-5-2018 Newshound Guru Kaperoni Our unofficial countdown to IMF compliance as it pertains to maintaining the 2% spread is now at 9 days to go. As I mentioned yesterday I think we'll see the IMF conduct an Article IV Consultation with Iraq within the next 60 days preferably less. This would be a very good time for the IMF to do a thorough review of the reforms being conducted by the CBI as well as accept the letter for the transition to Article VIII. Transitioning off the dollar and using the dinar not only in country but internationally will open up the banking system for investment. The influx of capital created could allow the dinar to rise substantially in value. The CBI will have to prepare for that by getting off the Peg and moving to a float.
6-5-2018 Newshound/Intel Guru Mnt Goat Article: "COUNCIL OF REPRESENTATIVES BEGAN SATURDAY AFTERNOON, RESUMING ITS EXTRAORDINARY SESSION" Quotes: "It is scheduled that the House of Representatives the second reading of the proposed amendment to the Third Law of the elections of the House of Representatives No. 45 of 2013." "...to protect the democratic process including the integrity and fairness of the elections and to enable the Commission to conduct manual counting and sorting." ...Remember this is NOT yet the newly voted in parliament from the recent elections. Jubouri has been trying to pass this amendment to the election law for a very long time. Now he finally has some leverage to get the vote. Now they see the light as to why this law was important to have coming into the election. It will NOT apply to this last election.
6-5-2018 Newshound Guru Whitelions ...I'll tell you what...the gurus have really done their jobs over the years getting people to see everything that happens in Iraq as a road block to the value. I guess now we need to get people to see they are really working on it. and have just about made it there...and all this other stuff in the Iraq news is just everyday bis. just like the rest of the world they are running a country...
6-5-2018 Newshound Guru chattels "Oil prices rise to $75...Date of release:: 2018/6/5"
6-5-2018 Newshound Guru Kaperoni [When is the next article iv consultation] Sometime in the next two months.
6-5-2018 Newshound/Intel Guru Mnt Goat Article: "SADR'S SPOKESMAN: THEY ARE GOING TO FORM A GOVERNMENT AND CHOOSE THE PRIME MINISTER DEPENDS ON THEM" Quote: "...the existence of ongoing negotiations between the alliance with other political blocs, noting that the last ten days of the month of Ramadan will be crucial in this regard." What is Moussawi saying when he refers to the “last 10 days of Ramadan” in this article? To me it sounds like they know something we don’t? He says, and I quote - "naming the presidents of the republic and the councils of ministers and deputies is left”. So we know that in Iraq 2018 Ramadan falls between May 17th and June 15th. So there is only about 10 days remaining to Ramadan...right? ...so is he saying in the next ten days (by June 15th) they are targeting to get this elections mess all done and thus get naming the presidents of the republic and the councils of ministers and deputies? I certainly hope so! July 1st is coming real fast...the first scheduled session of the NEW Parliament.
6-4-2018 Newshound Guru Kaperoni So whats next? June 15th will mark the three-month condition. I also believe after that the IMF will want to have their Article IV Consultation with Iraq. And most importantly we need to see the formation of the new government. I do hope and expect at these things can move it a fairly good pace but I do not expect them to happen by June 15th. Compliance will be great as long as they can maintain it and hopefully the other two issues can take care of themselves and short order.
6-4-2018 Newshound/Intel Guru Mnt Goat ...We wait for the judiciary to make a ruling on the election fraud and Parliaments legality on their vote in a Special Session to conduct re-counting of 10% of the votes. We know that the past vote in parliament on allowing any kind of re-count or dismissal of votes from this last elections is unconstitutional because this is not in the jurisdiction of the powers of parliament. Does this seem like a conflict of interest since this is dealing with the election and the election decides who will sit in the new parliament seats? So now the Judiciary along with the Electoral Commission must review this subject matter and decide on the constitutionality or not. We wait for news. Once this is decided the Judiciary can move on to the certification of the election results. We need this go forward. The Sadr Movement claims they will have their largest coalition for the new government completed and the three presidents named by the end of Ramadan.
6-4-2018 Newshound/Intel Guru BGG Article: "Abadi is close to making a historic decision" Quote: "Iraqi sources said Saturday that Prime Minister Haider al-Abadi announced his break-up with the Islamic Dawa Party because of disagreements with leaders and a second alliance with the Al-Nasr bloc and others led by Moqtada al-Sadr and other political forces." If this is public – Abadi is close to making his deal… if this is the alliance, IMHO – you can stick a FORK in Maliki. He’s done. However, there are lots of discussions going on and plenty of leveraging...
6-4-2018 Newshound Guru chattels Not likely that we see the completion of monetary reform on the 15th. Iraq will be fortunate to have a government formed/elected by September. We may not have political stability with the new government and we likely will not have stability without it for investment. I have no idea about the timing of the consultation or Article 8 progress with the IMF, but it seems most likely to me that the first quarter of 2019 at the earliest makes the most sense for any movement to complete the Iraqi Banking Sector Reform Project. Additionally, say what you will, there are still security issues in/for Iraq as yet. When I say security issues I am speaking of a degree which makes Iraq uninviting / insecure for investment in Iraq.
6-4-2018 Newshound Guru Kaperoni [via chattels] Though the spread is consistant and we are getting close to the 3 month compliance, I do think the IMF needs to have it's Article IV Consulation with Iraq and the formation of a new government before we will see change. The Article IV is a good time for the IMF to review the CBI and go over monetary policy, etc. before the CBI writes the letter accepting Article VIII. The new government needs to be in place to encourage investment. We are getting closer for sure.
6-4-2018 Newshound Guru ChrisC Everybody should remember this...1) Iraq is the geographic center of the ME, they are the richest in assets in the ME and they are constantly saying they are going to be the tiger of the ME. Another thing I always thought was telling is our largest embassy in the world is in Iraq. A country like this is not going to use somebody else's currency five minutes longer than they have to. 2) No more ISIS 3) corruption is on the way out. That really is one of the main reasons IMO that they have kept using the dollar and now they are going to start stringing them up if they stay in Iraq. In the final analysis the evidence, not my opinion, shows that this should be much sooner than later.
6-4-2018 Newshound/Intel Guru Mnt Goat The CBI simply did not want this to happen again and expects to complete the monitoring on time on mid-June. This is also yet another indicator as to why I am telling you do not expect anything movement in the reinstatement of the dinar until at least past mid June, and even then, we have to wait to see what happens as we get closer. This mess with the election fraud may be resolved by some backroom deals or it may come to re-counting and maybe even a re-voting process. We just have wait and see. We have at least 10 days starting... [6-1-18] to let the Electoral Commission work with the Judiciary in sorting through the complains and deciding the next step. [post 2 of 2]
6-4-2018 Newshound/Intel Guru Mnt Goat ...We wait for the judiciary to make a ruling on the election fraud and Parliaments legality on their vote in a Special Session to conduct re-counting of 10% of the votes. We know that the past vote in parliament on allowing any kind of re-count or dismissal of votes from this last elections is unconstitutional because this is not in the jurisdiction of the powers of parliament. Does this seem like a conflict of interest since this is dealing with the election and the election decides who will sit in the new parliament seats? So now the Judiciary along with the Electoral Commission must review this subject matter and decide on the constitutionality or not. We wait for news. Once this is decided the Judiciary can move on to the certification of the election results. We need this go forward. The Sadr Movement claims they will have their largest coalition for the new government completed and the three presidents named by the end of Ramadan.
6-4-2018 Newshound/Intel Guru BGG Article: "Abadi is close to making a historic decision" Quote: "Iraqi sources said Saturday that Prime Minister Haider al-Abadi announced his break-up with the Islamic Dawa Party because of disagreements with leaders and a second alliance with the Al-Nasr bloc and others led by Moqtada al-Sadr and other political forces." If this is public – Abadi is close to making his deal… if this is the alliance, IMHO – you can stick a FORK in Maliki. He’s done. However, there are lots of discussions going on and plenty of leveraging...
6-4-2018 Newshound Guru chattels Not likely that we see the completion of monetary reform on the 15th. Iraq will be fortunate to have a government formed/elected by September. We may not have political stability with the new government and we likely will not have stability without it for investment. I have no idea about the timing of the consultation or Article 8 progress with the IMF, but it seems most likely to me that the first quarter of 2019 at the earliest makes the most sense for any movement to complete the Iraqi Banking Sector Reform Project. Additionally, say what you will, there are still security issues in/for Iraq as yet. When I say security issues I am speaking of a degree which makes Iraq uninviting / insecure for investment in Iraq.
6-4-2018 Newshound Guru Kaperoni [via chattels] Though the spread is consistant and we are getting close to the 3 month compliance, I do think the IMF needs to have it's Article IV Consulation with Iraq and the formation of a new government before we will see change. The Article IV is a good time for the IMF to review the CBI and go over monetary policy, etc. before the CBI writes the letter accepting Article VIII. The new government needs to be in place to encourage investment. We are getting closer for sure.
6-4-2018 Newshound Guru ChrisC Everybody should remember this...1) Iraq is the geographic center of the ME, they are the richest in assets in the ME and they are constantly saying they are going to be the tiger of the ME. Another thing I always thought was telling is our largest embassy in the world is in Iraq. A country like this is not going to use somebody else's currency five minutes longer than they have to. 2) No more ISIS 3) corruption is on the way out. That really is one of the main reasons IMO that they have kept using the dollar and now they are going to start stringing them up if they stay in Iraq. In the final analysis the evidence, not my opinion, shows that this should be much sooner than later.
6-4-2018 Newshound/Intel Guru Mnt Goat The CBI simply did not want this to happen again and expects to complete the monitoring on time on mid-June. This is also yet another indicator as to why I am telling you do not expect anything movement in the reinstatement of the dinar until at least past mid June, and even then, we have to wait to see what happens as we get closer. This mess with the election fraud may be resolved by some backroom deals or it may come to re-counting and maybe even a re-voting process. We just have wait and see. We have at least 10 days starting... [6-1-18] to let the Electoral Commission work with the Judiciary in sorting through the complains and deciding the next step. [post 2 of 2]
6-3-2018 Newshound/Intel Guru Mnt Goat Many asked me address the change in the CBI currency rate from 1184 to 1190. I have been telling you that currently the IMF is monitoring the MCP (Multiple Currency Practices) within Iraq. The MCP is the difference between the CBI rate and the Market (street) rate. The CBI rate is a de facto peg to the US dollar and the street rate is the rate venders or banks can sell the dinar in exchange for dollars or visa versa. The monitoring program requires that the difference in these rates not vary more than + or – 2 %. Being able to control the rate of the currency is a requirement to show stability. So the CBI has to recently adjust the CBI rate since the street rate also dropped. This keeps the dinar within this required range for 90 days. We know that in mid March there was a violation of the 2% rule and so the IMF started the MCP 90 monitoring all over again. [post 1 of 2....stay tuned]
6-3-2018 Newshound Guru chattels The exchange rate of the dinar against the US dollar in local trades on Sunday (June 3, 2018), the following ranking:
Baghdad - Bourse struggle:
119.775 = 100 dollars
6-3-2018 Newshound/Intel Guru Mnt Goat YES, it’s all about eliminating the currency manipulation, fraud and the corrupt banking. YES, these new elections laws also are very drastic and hurt those that need to vote on them the most. So they need a New Parliament to get them passed. They need to weed out all of this corruption. YES, The CBI need to ensure the success of the currency reform also by not letting this election chaos, that was sure to come, interfere with potential investors in Iraq. So if they did RV prior to the elections this would put this chaos during the time period when they need to draw in potential investors the most to the new Iraq dinar. ...It is a simple factor of the much needed, political STABILITY to make the launching of the new dinar successful. The needed stability is not just for a couple days or weeks but for years to come, especially just after the launch... [post 2 of 2]
6-3-2018 Newshound/Intel Guru Mnt Goat So why did the CBI decide to hold it up the project to delete the zeros until after the elections, even though they told us it was all ready and prepared? The CBI along with the IMF wanted to first play out the polical process of the elections and to make sure that these corrupt officials are eliminated from office and the amendments to the election law are passed in Parliament once and for all. Iraq needs these laws to keep these crooks out of politics... They needed to close down these FAKE BANKS throughout Iraq and prosecute the guilty. Just too much currency MANIPULATION and FRAUD. [post 1 of 2....stay tuned]
6-3-2018 Newshound Guru chattels The only change or import of the articles being posted about the value of the dinar in the market are whether the difference between the official rate and the market rate is within 2%....There is about ten days left on the countdown to a ninety day period of compliance.
6-3-2018 Newshound/Intel Guru Mnt Goat I...gave a timeframe when I thought we should expect some news from the CBI on possibly moving forward with the project to delete the zeros once again. This timeframe was mid-June onward and so now I must adjust it to mid July...sorry everyone! I would not be looking for any RV or any action until at least after this period. So how did I arrive at this timeframe? ...most of the news from Iraq is all about this voting fraud in Kurdistan. They must address the violations and it is a matter now of how they do it. ...Can these issues delay the entire formation of the government? Yes, if they decide to re-do the entire elections. Am I telling you the govt must be “fully” seated for the RV to happen? YES! But only if Haider al-Abadi is not the nominee.
6-3-2018 Newshound Guru chattels The exchange rate of the dinar against the US dollar in local trades on Sunday (June 3, 2018), the following ranking:
Baghdad - Bourse struggle:
119.775 = 100 dollars
6-3-2018 Newshound/Intel Guru Mnt Goat YES, it’s all about eliminating the currency manipulation, fraud and the corrupt banking. YES, these new elections laws also are very drastic and hurt those that need to vote on them the most. So they need a New Parliament to get them passed. They need to weed out all of this corruption. YES, The CBI need to ensure the success of the currency reform also by not letting this election chaos, that was sure to come, interfere with potential investors in Iraq. So if they did RV prior to the elections this would put this chaos during the time period when they need to draw in potential investors the most to the new Iraq dinar. ...It is a simple factor of the much needed, political STABILITY to make the launching of the new dinar successful. The needed stability is not just for a couple days or weeks but for years to come, especially just after the launch... [post 2 of 2]
6-3-2018 Newshound/Intel Guru Mnt Goat So why did the CBI decide to hold it up the project to delete the zeros until after the elections, even though they told us it was all ready and prepared? The CBI along with the IMF wanted to first play out the polical process of the elections and to make sure that these corrupt officials are eliminated from office and the amendments to the election law are passed in Parliament once and for all. Iraq needs these laws to keep these crooks out of politics... They needed to close down these FAKE BANKS throughout Iraq and prosecute the guilty. Just too much currency MANIPULATION and FRAUD. [post 1 of 2....stay tuned]
6-3-2018 Newshound Guru chattels The only change or import of the articles being posted about the value of the dinar in the market are whether the difference between the official rate and the market rate is within 2%....There is about ten days left on the countdown to a ninety day period of compliance.
6-3-2018 Newshound/Intel Guru Mnt Goat I...gave a timeframe when I thought we should expect some news from the CBI on possibly moving forward with the project to delete the zeros once again. This timeframe was mid-June onward and so now I must adjust it to mid July...sorry everyone! I would not be looking for any RV or any action until at least after this period. So how did I arrive at this timeframe? ...most of the news from Iraq is all about this voting fraud in Kurdistan. They must address the violations and it is a matter now of how they do it. ...Can these issues delay the entire formation of the government? Yes, if they decide to re-do the entire elections. Am I telling you the govt must be “fully” seated for the RV to happen? YES! But only if Haider al-Abadi is not the nominee.
6-2-2018 Intel Guru Dr. Clarke The Announcements will be made PUBLICLY, over the next week. THEN, as we've been saying, the CBI can act... Only THEN, will they Officially & Publicly raise the Rate substantially...Vietnam & others, to follow, within 24 hours. That's WHY, we NOW like, and are Super Focused on JUNE 23-26th...and what happens the rest of that Week...BECAUSE, it's AFTER JUNE 12, 2018. AND SO, "It's TIME"...for a few Currency Moves, THIS MONTH. That's our IL-LOGICAL, "TODAY stuff"...our "Latest Guesses"... "THERE ARE NO GUARANTEES IN LIFE. NONE"...but we See a "BIG SURPRISE" coming. [post 2 of 2]
6-2-2018 Intel Guru Dr. Clarke The "Winds of Change"...SLOW CHANGE, is happening. Iraq & Vietnam, as well as, a handful of other countries, for the sake of more Balanced World Trade economics, need to adjust currency values Up...and down. ...Just so you know...Iraq has been secretly & quietly, solidifying the government, in ways that are not seen by the public, nor written articles, and the media...thus what appears to be a "Delay", in announcing the PM, and other things. It "appears" to be stalled due to a so-called, "corrupt election votes". This is NOT the case. The votes are in. The Prime Minister has been chosen. The parties have been chosen. The lines have been drawn. [post 1 of 2....stay tuned]
6-2-2018 Intel Guru RayRen98 In the next 48 hours a decision is expected from the federal courts regarding the elections debacle. Abadi is transitioning political party affiliations into a larger representative position. The House of Representatives voted to cancel the ballot results of displaced persons and foreign stations and manual counting by 10% in all provinces. (The ratification of the elections SHOULD take place next!)
6-2-2018 Intel Guru Dr. Clarke ...as we outlined in our last 5-27-18 Post...the N. Korea meeting is Officially back on and scheduled for June 12, per President Trump...as we suspected. There is also progress in terms of the Iran deal...all the details we talked about in that 5-27 Post are happening and "In Play". NOW, as a result, we see things kicking off, the LAST WEEK of JUNE, with an emphasis on 23rd - 26th. Iraq will have released the Prime Minister information, and solidified things to QUALIFY, for a "Suitable Environment", as well...AND the UN, IMF & U.S.A. will ALL be in agreement. We'll have to "SEE" what happens... MANY many Negotiations and Agreements are taking place as we speak...out of sight and behind closed media doors. MANY. Positive Progress is being made. Things look really Good, as of "TODAY". Don't forget, it's the End of the Quarter, as well. Stay Positive, ignore the Naysayers, and Focus this thing into "Manifestation this Month". Work "FOR one Another"...not Against. In our Opinion. It's "TIME". [reference Guru Dr. Clarke post 5-27-2018]
6-2-2018 Newshound/Intel Guru Mnt Goat These next 2 months will be a VERY significant month for us. Am I telling you it will RV? NO, NO, NO! Iraq has to sort out this mess with the elections, as we all should have expected would happen. Are they buying time for something else that we don’t know about? Must they keep delaying this RV and find excuses ? Will it EVER happen? We DO know the reinstatement of the dinar MUST happen someday; We DO know how they intend to do it; We DO even know (or can come very close to) the expected new anchor rate once they move from the de facto peg to the new SDR peg; We DO know the dinar will be on a MANAGED FLOAT once on FOREX; We DO know the new dinar categories will “coincide” with the large 3 zero notes for up to 10 years (meaning no LOP); We DO know the banks have been notified of these upcoming exchanges and are preparing for us; We DO know that our prize is the IRAQI dinar and not the ZIM, Rial or any others of this notion of a GCR or other currency scams; We DO know the impact this will have on the Iraqi economy and the world; We DON’T know the timing!
6-2-2018 Intel Guru Dr. Clarke The "Winds of Change"...SLOW CHANGE, is happening. Iraq & Vietnam, as well as, a handful of other countries, for the sake of more Balanced World Trade economics, need to adjust currency values Up...and down. ...Just so you know...Iraq has been secretly & quietly, solidifying the government, in ways that are not seen by the public, nor written articles, and the media...thus what appears to be a "Delay", in announcing the PM, and other things. It "appears" to be stalled due to a so-called, "corrupt election votes". This is NOT the case. The votes are in. The Prime Minister has been chosen. The parties have been chosen. The lines have been drawn. [post 1 of 2....stay tuned]
6-2-2018 Intel Guru RayRen98 In the next 48 hours a decision is expected from the federal courts regarding the elections debacle. Abadi is transitioning political party affiliations into a larger representative position. The House of Representatives voted to cancel the ballot results of displaced persons and foreign stations and manual counting by 10% in all provinces. (The ratification of the elections SHOULD take place next!)
6-2-2018 Intel Guru Dr. Clarke ...as we outlined in our last 5-27-18 Post...the N. Korea meeting is Officially back on and scheduled for June 12, per President Trump...as we suspected. There is also progress in terms of the Iran deal...all the details we talked about in that 5-27 Post are happening and "In Play". NOW, as a result, we see things kicking off, the LAST WEEK of JUNE, with an emphasis on 23rd - 26th. Iraq will have released the Prime Minister information, and solidified things to QUALIFY, for a "Suitable Environment", as well...AND the UN, IMF & U.S.A. will ALL be in agreement. We'll have to "SEE" what happens... MANY many Negotiations and Agreements are taking place as we speak...out of sight and behind closed media doors. MANY. Positive Progress is being made. Things look really Good, as of "TODAY". Don't forget, it's the End of the Quarter, as well. Stay Positive, ignore the Naysayers, and Focus this thing into "Manifestation this Month". Work "FOR one Another"...not Against. In our Opinion. It's "TIME". [reference Guru Dr. Clarke post 5-27-2018]
6-2-2018 Newshound/Intel Guru Mnt Goat These next 2 months will be a VERY significant month for us. Am I telling you it will RV? NO, NO, NO! Iraq has to sort out this mess with the elections, as we all should have expected would happen. Are they buying time for something else that we don’t know about? Must they keep delaying this RV and find excuses ? Will it EVER happen? We DO know the reinstatement of the dinar MUST happen someday; We DO know how they intend to do it; We DO even know (or can come very close to) the expected new anchor rate once they move from the de facto peg to the new SDR peg; We DO know the dinar will be on a MANAGED FLOAT once on FOREX; We DO know the new dinar categories will “coincide” with the large 3 zero notes for up to 10 years (meaning no LOP); We DO know the banks have been notified of these upcoming exchanges and are preparing for us; We DO know that our prize is the IRAQI dinar and not the ZIM, Rial or any others of this notion of a GCR or other currency scams; We DO know the impact this will have on the Iraqi economy and the world; We DON’T know the timing!
6-1-2018 Intel Guru Frank26 Article: "Baghdad(IraqNews.com) Iraq's High Electoral Commission said...in 10 days." [Frank...I know you have always said that the monetary reform is on a different track than the GOA but isn't there a chance they will wait 10 days and declare Abadi as PM BEFORE the rate change?] IMO...THERE IS NOTHING TO DISPUTE THIS IDEA...NOR THE ONE THAT I ADHERE TO...THAT EVERYDAY HAS POTENTIAL AT THE RATE THE CBI IS TALKING RIGHT NOW...
6-1-2018 Newshound Guru Kaperoni We're getting down there our records show the CBI only has about 13 days to meet IMF compliance. Keep in mind though, we don't expect a CBI to move to Article VIII until the government is formed. Also keep in mind that the IMF needs to have their Article IV Consultation with Iraq, I tend to think they'll happen at the same time as the transition to Article VIII.
6-1-2018 Intel Guru Bruce The other thing is we expect this information, this announcement, all the stuff that happened yesterday to come out in the Gazette tomorrow [Friday]. Now we are hearing that from our contacts in Arbil. ...That information, everything that transpired, I think it is going to give us the information about Abadi again as Prime Minister. It should bring something to us as far as Iraq new status in the world, the rate, all the things we talked about showing up it should occur tomorrow [Friday] in Iraq. ...I am hoping with the information I was getting today, it was indicating that something very good for us taking place and you know what that is maybe in the next 48 hours. ...We could have a very special weekend... Other than that the rates are still good...Yes we were correct it would be over $4... I brought over to you weeks ago... [post 3 of 3]
6-1-2018 Intel Guru Bruce Also what is happening in Iraq is there are 115...areas, let's call it... that are being paid in Iraq at the new rate and caught up for back pay that goes all the way to October 3, 2017. 115 different areas...of government are paying all these back pay on the Qi cards which are the debit cards Iraq has, and also they have a new Visa debit card that has been issued to all citizens that is used for a portion of the oil revenue sharing that goes to the citizens of Iraq. Guess when it is paying out. It is paying out on Sunday in Iraq which would be reflected on Monday for people that might be living in this country that could be citizens of Iraq. They would have it loaded on their cards ready to go. ...I think that is really important. [post 2 of 3....stay tuned]
6-1-2018 Intel Guru Bruce We had a meeting yesterday at the United Nations that was the Security Council Meeting and it did deal with Iraq. We did not hear from that meeting what it is we thought had reflected what occurred in Iraq earlier in the morning. They had an emergency meeting of the Parliament... Even though they had the meeting and they had a lot of positive things and supposed to be a “Big Announcement” coming out of that, it was kept from us by the United Nations. They did not want that released to us until guess when? Until tomorrow [Friday]. They did not want that information of the meeting and all the details about what it is we are looking for to be released to us until tomorrow [Friday]. [post 1 of 3....stay tuned]
6-1-2018 Newshound Guru Kaperoni Iraq must prepare for an influx of investment capital...what I am telling you is what will happen...they cannot reduce the not [note ?] count until the auctions end...because that is how the auctions work...the auctions are a balance between dinar and dollars...the facts dont lie and the facts tell us they will leave the peg and float the dinar as investors bring capital into iraq...much of the information comes from all sources including documents, articles, reports, etc. The IMF is very transparent and have been very accurate. [post 2 of 2]
6-1-2018 Newshound Guru Kaperoni June 15th or about is the 3 month IMF requirement...but that does not mean they will accept Article VIII at that time...it is a CBI decision...The CBI though should not wait. The thing you must all realize is the dinar does not just rise arbitrarily if it is going to rise it will be as a result of significant investors/investment... [But you stick to your float scenario...like glue...right?] ...that is the only option...this is not a question of what they will do, we know what they will do...they can only float...the Balassa-Sanuelson effect is on our side...iraq must get off the peg and the choice is only to float...economics is not simple..and how a currency appreciates is not overnight, or magical it is the result of monetary policy... [post 1 of 2....stay tuned]
6-1-2018 Newshound Guru Kaperoni We're getting down there our records show the CBI only has about 13 days to meet IMF compliance. Keep in mind though, we don't expect a CBI to move to Article VIII until the government is formed. Also keep in mind that the IMF needs to have their Article IV Consultation with Iraq, I tend to think they'll happen at the same time as the transition to Article VIII.
6-1-2018 Intel Guru Bruce The other thing is we expect this information, this announcement, all the stuff that happened yesterday to come out in the Gazette tomorrow [Friday]. Now we are hearing that from our contacts in Arbil. ...That information, everything that transpired, I think it is going to give us the information about Abadi again as Prime Minister. It should bring something to us as far as Iraq new status in the world, the rate, all the things we talked about showing up it should occur tomorrow [Friday] in Iraq. ...I am hoping with the information I was getting today, it was indicating that something very good for us taking place and you know what that is maybe in the next 48 hours. ...We could have a very special weekend... Other than that the rates are still good...Yes we were correct it would be over $4... I brought over to you weeks ago... [post 3 of 3]
6-1-2018 Intel Guru Bruce Also what is happening in Iraq is there are 115...areas, let's call it... that are being paid in Iraq at the new rate and caught up for back pay that goes all the way to October 3, 2017. 115 different areas...of government are paying all these back pay on the Qi cards which are the debit cards Iraq has, and also they have a new Visa debit card that has been issued to all citizens that is used for a portion of the oil revenue sharing that goes to the citizens of Iraq. Guess when it is paying out. It is paying out on Sunday in Iraq which would be reflected on Monday for people that might be living in this country that could be citizens of Iraq. They would have it loaded on their cards ready to go. ...I think that is really important. [post 2 of 3....stay tuned]
6-1-2018 Intel Guru Bruce We had a meeting yesterday at the United Nations that was the Security Council Meeting and it did deal with Iraq. We did not hear from that meeting what it is we thought had reflected what occurred in Iraq earlier in the morning. They had an emergency meeting of the Parliament... Even though they had the meeting and they had a lot of positive things and supposed to be a “Big Announcement” coming out of that, it was kept from us by the United Nations. They did not want that released to us until guess when? Until tomorrow [Friday]. They did not want that information of the meeting and all the details about what it is we are looking for to be released to us until tomorrow [Friday]. [post 1 of 3....stay tuned]
6-1-2018 Newshound Guru Kaperoni Iraq must prepare for an influx of investment capital...what I am telling you is what will happen...they cannot reduce the not [note ?] count until the auctions end...because that is how the auctions work...the auctions are a balance between dinar and dollars...the facts dont lie and the facts tell us they will leave the peg and float the dinar as investors bring capital into iraq...much of the information comes from all sources including documents, articles, reports, etc. The IMF is very transparent and have been very accurate. [post 2 of 2]
6-1-2018 Newshound Guru Kaperoni June 15th or about is the 3 month IMF requirement...but that does not mean they will accept Article VIII at that time...it is a CBI decision...The CBI though should not wait. The thing you must all realize is the dinar does not just rise arbitrarily if it is going to rise it will be as a result of significant investors/investment... [But you stick to your float scenario...like glue...right?] ...that is the only option...this is not a question of what they will do, we know what they will do...they can only float...the Balassa-Sanuelson effect is on our side...iraq must get off the peg and the choice is only to float...economics is not simple..and how a currency appreciates is not overnight, or magical it is the result of monetary policy... [post 1 of 2....stay tuned]
5-31-2018 Newshound Guru Don961 We are looking for them (auctions) to be suspended ... because once the value of the reinstated dinar is on par with or greater than the value of the dollar , there will be no need for them to have a currency auction and sell so many dollars from the reserves ... Like other currencies, the dinar will be freely traded and used internationally for transactions ... currency swaps , etc . ... then the CBI reserves will increase , perhaps more gold purchased , but in any case add more value to further back and strengthen the value of Iraq's currency ... As we have been taught ... this is one of the things that will happen concurrently with the release of the 2nd article and reinstatement ... imo.
5-31-2018 Newshound Guru Adam Montana ...It's still Ramadan. The end. [Ends around the 15th of June]
5-31-2018 Newshound Guru ChrisC [new Guru] It is interesting how many spokes on the wheel are beginning to converge...Deutsche Bank is facing an imminent downgrade TODAY which most likely will trigger a derivative meltdown, CBI says all damaged bills need to be done and turned in TODAY, CBI supposedly posting some important announcement in Gazette TODAY. Is the derivative implosion cover for this event or is this event the parachute to soften the landing?
5-31-2018 Newshound/Intel Guru Mnt Goat Article: "RECOVERY OF THE IRAQI DINAR" Quote: "And that the banking sector is an important and essential role in the development and revitalization of the economic cycle..." ...so here is it in black and white, contrary to what many ...feel. Which comes first the economy or the banking sector reforms of the dinar? This article is telling us that to get the economy moving you need the banking sector and the currency reforms. Not my words but theirs and it all makes sense.
5-31-2018 Intel Guru Delta EXCHANGE RATE... IRAQI MARKET BUY & SELL:
27-May 1196 ......1193
28-May 1197 ......1193
29-May 1197...... 1195
30-May 1197...... 1193
[Delta in your opinion how long can Iraq continue the auction with only making pennies to zero cents of the sale of the dollar?] NOT FOR LONG ...I PROMISE U...ALAQ KNOWS THAT TOO...
5-31-2018 Newshound/Intel Guru Mnt Goat I will say the two main issues that Sadr wants are: 1.the clean-up of corruption and the end to double standards. He wants all politicians, at any level of govt to suffer the same consequences, if they committed a crime. 2. the second biggie for Sadr is the distribution of excess oil money (above that needed to fill the budget) to the citizens. He has supported this option all along. The constitution mandates it too. But remember this is surplus or excess oil revenue ONLY beyond what the govt needs to support its budget. [post 2 of 2]
5-31-2018 Newshound/Intel Guru Mnt Goat There is a rumor that the cleric Sadr announced the RV, Thursday, May 24, 2018. Sadr does not control the CBI or financial policy nor is he even in politics. His party called the “Sadr Movement” simply now own the majority of seats in parliament. This is where it now stands until the election results are ratified and “official” by the judiciary. He does not even want to be prime minister. He has little say in the current government. So how in hell can he announce the RV? [post 1 of 2....stay tuned]
5-31-2018 Newshound Guru Adam Montana ...It's still Ramadan. The end. [Ends around the 15th of June]
5-31-2018 Newshound Guru ChrisC [new Guru] It is interesting how many spokes on the wheel are beginning to converge...Deutsche Bank is facing an imminent downgrade TODAY which most likely will trigger a derivative meltdown, CBI says all damaged bills need to be done and turned in TODAY, CBI supposedly posting some important announcement in Gazette TODAY. Is the derivative implosion cover for this event or is this event the parachute to soften the landing?
5-31-2018 Newshound/Intel Guru Mnt Goat Article: "RECOVERY OF THE IRAQI DINAR" Quote: "And that the banking sector is an important and essential role in the development and revitalization of the economic cycle..." ...so here is it in black and white, contrary to what many ...feel. Which comes first the economy or the banking sector reforms of the dinar? This article is telling us that to get the economy moving you need the banking sector and the currency reforms. Not my words but theirs and it all makes sense.
5-31-2018 Intel Guru Delta EXCHANGE RATE... IRAQI MARKET BUY & SELL:
27-May 1196 ......1193
28-May 1197 ......1193
29-May 1197...... 1195
30-May 1197...... 1193
[Delta in your opinion how long can Iraq continue the auction with only making pennies to zero cents of the sale of the dollar?] NOT FOR LONG ...I PROMISE U...ALAQ KNOWS THAT TOO...
5-31-2018 Newshound/Intel Guru Mnt Goat I will say the two main issues that Sadr wants are: 1.the clean-up of corruption and the end to double standards. He wants all politicians, at any level of govt to suffer the same consequences, if they committed a crime. 2. the second biggie for Sadr is the distribution of excess oil money (above that needed to fill the budget) to the citizens. He has supported this option all along. The constitution mandates it too. But remember this is surplus or excess oil revenue ONLY beyond what the govt needs to support its budget. [post 2 of 2]
5-31-2018 Newshound/Intel Guru Mnt Goat There is a rumor that the cleric Sadr announced the RV, Thursday, May 24, 2018. Sadr does not control the CBI or financial policy nor is he even in politics. His party called the “Sadr Movement” simply now own the majority of seats in parliament. This is where it now stands until the election results are ratified and “official” by the judiciary. He does not even want to be prime minister. He has little say in the current government. So how in hell can he announce the RV? [post 1 of 2....stay tuned]
5-30-2018 Newshound Guru Kaperoni If you didn't hear the IHEC [Independent High Electoral Commission] agreed with parliaments decision and cancelled about 1000 voting locations including abroad. Gov News. The UNSC met today to get an update on Iraq. Consensus seemed to support Iraq's democracy and formation of a new government. Despite the desire we all have to see the dinar appreciate, nothing is going to happen until the new government is formed. As well, or countdown still shows at least another 15 Days until the CBI meets the 2% requirement.
5-30-2018 Intel Guru Frank26 [via sunny] The CBI sent the Gazette an announcement on May 14th. In the May 21st issue The Gazette published a notice the CBI would be making an announcement. Speculation that the “announcement” could be about the re-instatement of the Iraq currency or Article 8 meaning they are International. Lifting restrictions on the currency and providing modern banking products is done by law in Iraq. Yesterday there was an article out that said “immediately” which was interpreted to mean the introduction of the small notes as the environment is now “suitable.” Article in the newspaper that the Iraqi Dinar is equal to the USD. Dollars disappearing from the streets. The rate has to come first before showing the lower denominations. The banks are showing descriptions of the lower notes. ATM’s have new software and the billboards have been ready for some time. They describe the LD’s but do not show the coins/fils.
5-30-2018 Newshound/Intel Guru Mnt Goat Article: "STABILITY OF THE EXCHANGE RATE AND THE RECOVERY OF THE IRAQI DINAR" Quote: "REQUIRES DIRECT BANKS TO IMMEDIATELY LEAVE THE TOTAL DEPENDENCE ON THE WINDOW SELLING FOREIGN CURRENCY IN ITS FINANCIAL ACTIVITY." the only way they can leave the dependence on the currency auction window is to use the dinar directly to buy foreign goods and services. The only way they can do this is to switch to using the dinar for global trade. When they do this, it must first be on a float and on FOREX.
5-30-2018 Newshound/Intel Guru BGG Article: "Abadi’s list hints at the opposition" I think it early to worry or be concerned about who will lead Iraq. This is more of a threat than a reality. I think there is little chance Abadi’s list winds up as the opposition in Parliament, rather – this is a statement confirming his loyalties to the cause of the people and a warning to some of the “swing votes” who might still be jockeying with the dream there is a return to some former place in which Maliki returns Iraq to rampant corruption where he gets to do as he pleases and they get paid huge fortunes. Abadi still has the clearest path to being the next PM.
5-30-2018 Intel Guru Jester [...do you see any good windows for the IQD coming up?] THERE IS A SCHEDULE.. WE DO NOT KNOW WHAT IT IS... ALL WE ARE GETTING IS THINGS ARE WELL JUST BE PATIENT... [...seems to me that if enough has gone down that they are able to make a schedule instead of just checking off items as they work towards the conclusion...] WELL IT MAY BE.. I THINK THEY HAVE HAD A CHECK LIST... ODDLY ENOUGH THE THINGS WE REPORTED ON YEARS AGO ARE THE ONES THAT ARE BEING THROWN AROUND NOW... INTERESTINGLY ENOUGH THE CONTACTS HAD IT RIGHT...
5-30-2018 Intel Guru Bruce ...There is a big announcement expected out of Iraq in the morning [Wednesday]...Big Announcement. There is also an emergency meeting of the new legislature, the new Parliament that has been appointed by now in Iraq. They are going to go over the 2018 budget and all the budgets through the year 2022. ...I think the big announcement that we are looking for should very well be related to maybe partially the government itself with the fact Abadi is back in charge and also the fact we should have a new published out rate that is seen internationally. We know what the rate is, we seen it for a couple of weeks as an in-country new rate that has been available on the Qi cards... I can tell you rates are still very good of what we know of them...I heard the new rates may be released on the Forex overnight tonight [Tuesday]. ...I would say we are in the midst of this going down here very shortly...Our best bet is sort of be patient a little bit longer and see what develops because we are basically at the end of the ride.
5-30-2018 Newshound/Intel Guru Mnt Goat ...Does the CBI really need a “fully” functional government to go ahead with the RV? Or are they just looking to resolve the FRAUD and MANIPULATION of the currency issue? ...the CBI already told us the answer. They said they need a “more suitable environment” and this means resolving the FRAUD and MANIPULATION of the currency. ...But let’s look at the real issue the CBI is concerned about – the fraud and manipulation of the currency caused by the currency auctions... Two reasons the CBI needs to fix these issues now: 1. the pressure from the IMF to resolve this corruption at the highest levels of govt. 2. the IMF imposed the MCP monitoring upon the CBI and will continue making some legal issue to hold up the process to delete the zeros until these corruption scandals are dealt with... ...So if it happens that Haider al-Abadi does get a second term, (most probable) he could have his govt formed in a matter of days, if not only weeks. So, this process could be speeded up significantly with al-Abadi back at the helm. It might take much less time anyhow.
5-30-2018 Intel Guru Frank26 [via sunny] Last Friday CBI told all banks in the world they would stop using foreign currencies. After the banks closed Friday the 1190 rate hit. Causes banks to move away from auctions so they will re-instate their currency! ... 1190 was to fix official buy/sell rate of IQD. 1184 was the rate before. This brings the IQD to parity with the USD. There is a need for Re-in-statement; need for Immediate rate change; need for the program rate to go away. This is a major accomplishment...for a suitable environment for the RI of IQD (Iraqi Dinar) Waited for a movement of 3-6 pips...
5-30-2018 Newshound Guru Kaperoni What will happen is exactly what we've been saying for several years they will accept Article VIII, get off the peg and move to a float and allow the dinar to gradually appreciate as investment comes into the country. Though the CBI only has about 18 days left to meet the three-month compliance, I don't expect them to act immediately because the government hasn't been formed. They are making significant progress preparing to open the banking system.
5-30-2018 Intel Guru Frank26 [via sunny] The CBI sent the Gazette an announcement on May 14th. In the May 21st issue The Gazette published a notice the CBI would be making an announcement. Speculation that the “announcement” could be about the re-instatement of the Iraq currency or Article 8 meaning they are International. Lifting restrictions on the currency and providing modern banking products is done by law in Iraq. Yesterday there was an article out that said “immediately” which was interpreted to mean the introduction of the small notes as the environment is now “suitable.” Article in the newspaper that the Iraqi Dinar is equal to the USD. Dollars disappearing from the streets. The rate has to come first before showing the lower denominations. The banks are showing descriptions of the lower notes. ATM’s have new software and the billboards have been ready for some time. They describe the LD’s but do not show the coins/fils.
5-30-2018 Newshound/Intel Guru Mnt Goat Article: "STABILITY OF THE EXCHANGE RATE AND THE RECOVERY OF THE IRAQI DINAR" Quote: "REQUIRES DIRECT BANKS TO IMMEDIATELY LEAVE THE TOTAL DEPENDENCE ON THE WINDOW SELLING FOREIGN CURRENCY IN ITS FINANCIAL ACTIVITY." the only way they can leave the dependence on the currency auction window is to use the dinar directly to buy foreign goods and services. The only way they can do this is to switch to using the dinar for global trade. When they do this, it must first be on a float and on FOREX.
5-30-2018 Newshound/Intel Guru BGG Article: "Abadi’s list hints at the opposition" I think it early to worry or be concerned about who will lead Iraq. This is more of a threat than a reality. I think there is little chance Abadi’s list winds up as the opposition in Parliament, rather – this is a statement confirming his loyalties to the cause of the people and a warning to some of the “swing votes” who might still be jockeying with the dream there is a return to some former place in which Maliki returns Iraq to rampant corruption where he gets to do as he pleases and they get paid huge fortunes. Abadi still has the clearest path to being the next PM.
5-30-2018 Intel Guru Jester [...do you see any good windows for the IQD coming up?] THERE IS A SCHEDULE.. WE DO NOT KNOW WHAT IT IS... ALL WE ARE GETTING IS THINGS ARE WELL JUST BE PATIENT... [...seems to me that if enough has gone down that they are able to make a schedule instead of just checking off items as they work towards the conclusion...] WELL IT MAY BE.. I THINK THEY HAVE HAD A CHECK LIST... ODDLY ENOUGH THE THINGS WE REPORTED ON YEARS AGO ARE THE ONES THAT ARE BEING THROWN AROUND NOW... INTERESTINGLY ENOUGH THE CONTACTS HAD IT RIGHT...
5-30-2018 Intel Guru Bruce ...There is a big announcement expected out of Iraq in the morning [Wednesday]...Big Announcement. There is also an emergency meeting of the new legislature, the new Parliament that has been appointed by now in Iraq. They are going to go over the 2018 budget and all the budgets through the year 2022. ...I think the big announcement that we are looking for should very well be related to maybe partially the government itself with the fact Abadi is back in charge and also the fact we should have a new published out rate that is seen internationally. We know what the rate is, we seen it for a couple of weeks as an in-country new rate that has been available on the Qi cards... I can tell you rates are still very good of what we know of them...I heard the new rates may be released on the Forex overnight tonight [Tuesday]. ...I would say we are in the midst of this going down here very shortly...Our best bet is sort of be patient a little bit longer and see what develops because we are basically at the end of the ride.
5-30-2018 Newshound/Intel Guru Mnt Goat ...Does the CBI really need a “fully” functional government to go ahead with the RV? Or are they just looking to resolve the FRAUD and MANIPULATION of the currency issue? ...the CBI already told us the answer. They said they need a “more suitable environment” and this means resolving the FRAUD and MANIPULATION of the currency. ...But let’s look at the real issue the CBI is concerned about – the fraud and manipulation of the currency caused by the currency auctions... Two reasons the CBI needs to fix these issues now: 1. the pressure from the IMF to resolve this corruption at the highest levels of govt. 2. the IMF imposed the MCP monitoring upon the CBI and will continue making some legal issue to hold up the process to delete the zeros until these corruption scandals are dealt with... ...So if it happens that Haider al-Abadi does get a second term, (most probable) he could have his govt formed in a matter of days, if not only weeks. So, this process could be speeded up significantly with al-Abadi back at the helm. It might take much less time anyhow.
5-30-2018 Intel Guru Frank26 [via sunny] Last Friday CBI told all banks in the world they would stop using foreign currencies. After the banks closed Friday the 1190 rate hit. Causes banks to move away from auctions so they will re-instate their currency! ... 1190 was to fix official buy/sell rate of IQD. 1184 was the rate before. This brings the IQD to parity with the USD. There is a need for Re-in-statement; need for Immediate rate change; need for the program rate to go away. This is a major accomplishment...for a suitable environment for the RI of IQD (Iraqi Dinar) Waited for a movement of 3-6 pips...
5-30-2018 Newshound Guru Kaperoni What will happen is exactly what we've been saying for several years they will accept Article VIII, get off the peg and move to a float and allow the dinar to gradually appreciate as investment comes into the country. Though the CBI only has about 18 days left to meet the three-month compliance, I don't expect them to act immediately because the government hasn't been formed. They are making significant progress preparing to open the banking system.
5-29-2018 *** Dinar Guru Newsflash *** Late Sunday the CBI lowered their official rate. 1 USD is now equal to 1190 IQD. What's interesting is the CBI LOWERED the official rate while the market rate has been INCREASING in value all year. The CBI official rate and the market rate are now only 6 dinars appart (The CBI's last reported market rate was Sunday 3-27-2018 at 1196). Guru G-Lin points out Monday's actions were also a bit weird...the official rate and the auction price were the same. The CBI said they'd begin their reform programs following the elections...is this the first sign of those reforms being implemented? Stay tuned as the gurus chime in on what this latest development means for the RV! The latest guru posts will continue below... [You can see the official CBI rate and the market rate on the left of this page...]
5-29-2018 Intel Guru Dr. Clarke ...a Special Message from the “TAX Godz”: Do yourself a Favor. PLAN on paying your Income Taxes on this thing, until you get a Legal, Verifiable, Legitimate,“FOR REAL” Guideline, IRS Ruling in writing”, on this currency exchange, that says otherwise. Don’t be Ridiculous, and rely on some “Rumor”, or hearsay, FROM ANYBODY. You’re in the Spotlight…and Personally Accountable...and we’re certainly not professional Financial, Tax or Legal advisors. Get Licensed, Professional, Tangible...Assistance.
5-29-2018 Newshound/Intel Guru BGG [Reference Dinar Guru Newsflash 5-29-2018] IMHO this move is purely about staying in or getting into better compliance with IMF directives. Pure and simple. So they devalued by 1.7 CENTS!! Big deal… the BIG DEAL is they are showing a distinct and stunning sensitivity to being in alignment with the IMF. Here’s the real kicker… they’ve known how to do this all along, and yet they’ve been doing something else all along. Why the sudden change of heart? Why now? What has changed and what is their end-game? Most interesting times.
5-29-2018 Newshound Guru Don961 Article: "Amer Issa Al-Jawahiri: The importance of implementing the National Development Plan 2018-2022 in Iraq" the word " implement " and its derivatives appears 22 times in the pdf article ... sounds like they are eager to get the show on the road ... immediately at that ... imo.
5-29-2018 Intel Guru Delta [via sunny] CBI wanted to move FAST for compliance of 90 days. Jumped the gun by moving to 1190. To move from 1184 to 1190 is a brilliant move. It removes the fractional banking issue...They don’t want to deal with fractional banking...Want to do this "immediately." A lot will lose money if they hold US dollars. You should be jumping up and down today...by Tuesday could make announcement of what Iraqi Dinar linked to. "This is HUGE, you should be excited about this." "We believe we are about to see the rate come out..." In the next 24-48 hours I think we will have a clearer picture. "We should see something big BEFORE JUNE 1."
5-29-2018 Intel Guru Frank26 [via sunny] 1190...I know it looks negative to go from 1260 to 1190, but it’s not. It’s the 2% compliance...they will start de-pegging from the dollar. Auctions must stop because, since Thursday, they are selling US Dollars with no profit. When the auctions stop it will raise the value of the currency. ...1190 is not a disaster. It’s a strategical move. It’s a move for the short run to the Reinstatement, with no fractional banking and to expose the 2nd set of books. The CBI with the US, IMF and WB knows what it is doing...They were told to “immediately” back away from selling USD...Immediately stopping the auctions means “International.” With this move of 1190 they jumped the gun by two weeks...By doing this they don’t have to wait until June 15th...They have to do it way before June 15-16...No need for a "programmed rate" any longer.
5-29-2018 Newshound/Intel Guru Mnt Goat So here is a time sequence as we should all now see it:
-May 31st - Deadline to submit any complaints about the voting process to electoral commission.
-June 1st – the first session of the NEW Parliament first order of business is to swear in its newly elected members.
-Prior or just after to June 1st- The Sadr Movement announces their candidate for Prime Minister.
-Early June sometime the NEW Parliament must ratify the nominee for the Prime Minister.
-Once nominee is ratified by the NEW Parliament, the NEW prime minister will have 90 days [or 3 months] to form the new government. This would bring us to around September timeframe to have a possible “fully” functional govt.
-June 15th – The Judiciary must ratify the election results 2 weeks after the deadline from the Electoral Commission is reached.
5-29-2018 Newshound Guru MilitiaMan Article: “Reconstruction of the oldest and most famous streets of Mosul” I do beleive it takes contracts to drive fresh new reconstruction. It entails jobs for starters, then a laundry list of materials that all cost dinars... each employee working requires to be fed and housed...1 employee with a good competitive wage supports numerous others! In fact probably many for that matter. It begins... imo.
5-29-2018 Intel Guru Dr. Clarke GET your PAPERWORK READY NOW!...in case you need SOME OF IT...You may not need all of it...BUT, you already know, you’re going to have to PROVE WHO YOU ARE, before you can Exchange. DO IT...NOW. When we said “PAPERWORK” ...we meant ALL PAPERWORK. ANY Paperwork...Your Driver’s License is Paperwork. Your Passport is Paperwork. Your Currency is Paperwork. Your “Lists” are Paperwork. Your Gift Letters are Paperwork. Your Bank Prospects, are Paperwork. Your Receipts, are Paperwork. ALL your Legal Documents are Paperwork. Your Articles of Incorporation, Trust Documents, Bank Account Verification Statements, Utility Bills, Divorce Papers, are all “Paperwork”... AND...we expect some REALLY REALLY Good News, Tues. (29th) or Wed. (30th) this week. “The TIME is very, VERY short...but has long, long, LONG-REACHING affects.”
5-29-2018 Newshound Guru chattels NOTE : Eid Al Fitr Holiday begins Friday, June 15, 2018 and ends Saturday, June 16, 2018.
5-29-2018 Newshound/Intel Guru BGG [Reference Dinar Guru Newsflash 5-29-2018] IMHO this move is purely about staying in or getting into better compliance with IMF directives. Pure and simple. So they devalued by 1.7 CENTS!! Big deal… the BIG DEAL is they are showing a distinct and stunning sensitivity to being in alignment with the IMF. Here’s the real kicker… they’ve known how to do this all along, and yet they’ve been doing something else all along. Why the sudden change of heart? Why now? What has changed and what is their end-game? Most interesting times.
5-29-2018 Newshound Guru Don961 Article: "Amer Issa Al-Jawahiri: The importance of implementing the National Development Plan 2018-2022 in Iraq" the word " implement " and its derivatives appears 22 times in the pdf article ... sounds like they are eager to get the show on the road ... immediately at that ... imo.
5-29-2018 Intel Guru Delta [via sunny] CBI wanted to move FAST for compliance of 90 days. Jumped the gun by moving to 1190. To move from 1184 to 1190 is a brilliant move. It removes the fractional banking issue...They don’t want to deal with fractional banking...Want to do this "immediately." A lot will lose money if they hold US dollars. You should be jumping up and down today...by Tuesday could make announcement of what Iraqi Dinar linked to. "This is HUGE, you should be excited about this." "We believe we are about to see the rate come out..." In the next 24-48 hours I think we will have a clearer picture. "We should see something big BEFORE JUNE 1."
5-29-2018 Intel Guru Frank26 [via sunny] 1190...I know it looks negative to go from 1260 to 1190, but it’s not. It’s the 2% compliance...they will start de-pegging from the dollar. Auctions must stop because, since Thursday, they are selling US Dollars with no profit. When the auctions stop it will raise the value of the currency. ...1190 is not a disaster. It’s a strategical move. It’s a move for the short run to the Reinstatement, with no fractional banking and to expose the 2nd set of books. The CBI with the US, IMF and WB knows what it is doing...They were told to “immediately” back away from selling USD...Immediately stopping the auctions means “International.” With this move of 1190 they jumped the gun by two weeks...By doing this they don’t have to wait until June 15th...They have to do it way before June 15-16...No need for a "programmed rate" any longer.
5-29-2018 Newshound/Intel Guru Mnt Goat So here is a time sequence as we should all now see it:
-May 31st - Deadline to submit any complaints about the voting process to electoral commission.
-June 1st – the first session of the NEW Parliament first order of business is to swear in its newly elected members.
-Prior or just after to June 1st- The Sadr Movement announces their candidate for Prime Minister.
-Early June sometime the NEW Parliament must ratify the nominee for the Prime Minister.
-Once nominee is ratified by the NEW Parliament, the NEW prime minister will have 90 days [or 3 months] to form the new government. This would bring us to around September timeframe to have a possible “fully” functional govt.
-June 15th – The Judiciary must ratify the election results 2 weeks after the deadline from the Electoral Commission is reached.
5-29-2018 Newshound Guru MilitiaMan Article: “Reconstruction of the oldest and most famous streets of Mosul” I do beleive it takes contracts to drive fresh new reconstruction. It entails jobs for starters, then a laundry list of materials that all cost dinars... each employee working requires to be fed and housed...1 employee with a good competitive wage supports numerous others! In fact probably many for that matter. It begins... imo.
5-29-2018 Intel Guru Dr. Clarke GET your PAPERWORK READY NOW!...in case you need SOME OF IT...You may not need all of it...BUT, you already know, you’re going to have to PROVE WHO YOU ARE, before you can Exchange. DO IT...NOW. When we said “PAPERWORK” ...we meant ALL PAPERWORK. ANY Paperwork...Your Driver’s License is Paperwork. Your Passport is Paperwork. Your Currency is Paperwork. Your “Lists” are Paperwork. Your Gift Letters are Paperwork. Your Bank Prospects, are Paperwork. Your Receipts, are Paperwork. ALL your Legal Documents are Paperwork. Your Articles of Incorporation, Trust Documents, Bank Account Verification Statements, Utility Bills, Divorce Papers, are all “Paperwork”... AND...we expect some REALLY REALLY Good News, Tues. (29th) or Wed. (30th) this week. “The TIME is very, VERY short...but has long, long, LONG-REACHING affects.”
5-29-2018 Newshound Guru chattels NOTE : Eid Al Fitr Holiday begins Friday, June 15, 2018 and ends Saturday, June 16, 2018.
5-28-2018 Newshound/Intel Guru Mnt Goat As part of this resulted in the IMF decided to impose a Multiple Currency Practice (MCP) monitoring on the currency for 90 days. Why did they do this? Are they concerned so much that the currency can’t hold a steady rate? No - of course not- this monitoring was imposed to intentionally hold-back any reinstatement until the FRAUD and MANIPULATION is resolved. It was their way of ensuring the plug was pulled in the RV, until at least after the elections are over and a SECURE and STABLE govt is decided upon. They will continue to hold up the RV anyway they can until they are ready to allow the CBI to do it...So the 90 day monitoring is over around mid June. [post 2 of 2]
5-28-2018 Newshound/Intel Guru Mnt Goat ...First of all when I say “RV” I am using a generic catch all term to describe any significant increase in the value worth going to the bank for exchange, and being allowed to exchange. So please don’t get caught up in the terminology so much. The dinar, we know, must first get reinstated as part of this process to even get to the any change in value. Understand? So we know that the CBI did in FACT plan an RV during this past Dec and Jan timeframe. It did NOT happen. Why? The RV did not happen because the IMF and CBI discovered massive FRAUD and MANIPULATION of the currency. This was in dealing with the currency auctions. [post 1 of 2....stay tuned]
5-28-2018 Newshound Guru Adam Montana We're currently midway through Ramadan, which typically means we expect "quiet" in the way of major news from Iraq. The bottom line is simple - it's a long holiday and they don't make major changes during a holiday that the majority of that part of the world recognizes. That doesn't mean they won't surprise us, but I think it's safe to assume we have a 2 week lull still coming. After that... game on!!!
5-28-2018 Newshound Guru Breitling …What have they [Iraq/CBI] gotten rid of so far? They’ve gotten rid of the entire 50 dinar note. And that’s why we watch the note count the way we do. It’s because they’re actually taking notes out of the market to add value to their currency. Not only that but the value of Turkey’s currency was never that great ever. With the Iraqi dinar it’s the compete opposite. It was worth $3.25 US dollars at one time. And what was the note count when it was at that value? It was at one billion physical notes. And that’s why we watch the note count the way we do. Iraq has never talked about a lop. Iraq is talking about taking physical notes out of the market and the notes that are left over absorb the value of what’s backing up that currency in the first place. It is that simple. Turkey never took any notes out of the market. Iraq is taking notes out of the market. They’ve done it two different ways and that’s what they’re doing. So that’s the difference and that’s why there is no lop… [Post 2 of 2]
5-28-2018 Newshound Guru Breitling People keep bringing up this lop stuff and it’s completely off base…in country revaluation - there’s no such thing. In country revaluations have never existed in the history of all man kind. That’s the most asinine thing I’ve ever heard. No one can show me an example of an in country revaluation. It just doesn’t work that way. They got this idea because Turkey back in the day…So what they did was they took the currency that they had and they pretend that they took three zeros off it and somehow that was going to make their economy more efficient. But it was a ruse. It was a big trick…there was no new imports. There was no new exports. There was no new nothing. But here’s the point you need to understand. They never took one note off the market. All those notes were left in the market. They just pretended the three zeros didn’t exist on them. Iraq is the compete opposite… [Post 1 of 2]
5-28-2018 Newshound Guru G-Lin There was a change in rate today on the CBI site. It went to 1190 from 1184. It has been at 1184 for a while. Even though it is higher, the change is interesting because the auction rate is also 1190. They are the same for the first time I've ever noticed. Also that is about the same as the street rate. Are they getting ready to delete 0's? I have no idea but this is worth watching...
5-28-2018 Newshound/Intel Guru Mnt Goat ...remember this is being held by the old parliament not the newly elected one. So if they swear in new members than Sadr movement will have majority of seats. Technically, the Rules in the Constitution say that the next session of parliament following the elections must swear in the newly elected members. They may try to claim that this is a “special session” of the prior parliament. So can they really even have a session to do what they want to do and that is nullify the elections results? Can you see how this is NOT the place to do this but this is really the responsibility with the Judiciary. Why does the judiciary not speak up?
5-28-2018 Newshound/Intel Guru Mnt Goat ...First of all when I say “RV” I am using a generic catch all term to describe any significant increase in the value worth going to the bank for exchange, and being allowed to exchange. So please don’t get caught up in the terminology so much. The dinar, we know, must first get reinstated as part of this process to even get to the any change in value. Understand? So we know that the CBI did in FACT plan an RV during this past Dec and Jan timeframe. It did NOT happen. Why? The RV did not happen because the IMF and CBI discovered massive FRAUD and MANIPULATION of the currency. This was in dealing with the currency auctions. [post 1 of 2....stay tuned]
5-28-2018 Newshound Guru Adam Montana We're currently midway through Ramadan, which typically means we expect "quiet" in the way of major news from Iraq. The bottom line is simple - it's a long holiday and they don't make major changes during a holiday that the majority of that part of the world recognizes. That doesn't mean they won't surprise us, but I think it's safe to assume we have a 2 week lull still coming. After that... game on!!!
5-28-2018 Newshound Guru Breitling …What have they [Iraq/CBI] gotten rid of so far? They’ve gotten rid of the entire 50 dinar note. And that’s why we watch the note count the way we do. It’s because they’re actually taking notes out of the market to add value to their currency. Not only that but the value of Turkey’s currency was never that great ever. With the Iraqi dinar it’s the compete opposite. It was worth $3.25 US dollars at one time. And what was the note count when it was at that value? It was at one billion physical notes. And that’s why we watch the note count the way we do. Iraq has never talked about a lop. Iraq is talking about taking physical notes out of the market and the notes that are left over absorb the value of what’s backing up that currency in the first place. It is that simple. Turkey never took any notes out of the market. Iraq is taking notes out of the market. They’ve done it two different ways and that’s what they’re doing. So that’s the difference and that’s why there is no lop… [Post 2 of 2]
5-28-2018 Newshound Guru Breitling People keep bringing up this lop stuff and it’s completely off base…in country revaluation - there’s no such thing. In country revaluations have never existed in the history of all man kind. That’s the most asinine thing I’ve ever heard. No one can show me an example of an in country revaluation. It just doesn’t work that way. They got this idea because Turkey back in the day…So what they did was they took the currency that they had and they pretend that they took three zeros off it and somehow that was going to make their economy more efficient. But it was a ruse. It was a big trick…there was no new imports. There was no new exports. There was no new nothing. But here’s the point you need to understand. They never took one note off the market. All those notes were left in the market. They just pretended the three zeros didn’t exist on them. Iraq is the compete opposite… [Post 1 of 2]
5-28-2018 Newshound Guru G-Lin There was a change in rate today on the CBI site. It went to 1190 from 1184. It has been at 1184 for a while. Even though it is higher, the change is interesting because the auction rate is also 1190. They are the same for the first time I've ever noticed. Also that is about the same as the street rate. Are they getting ready to delete 0's? I have no idea but this is worth watching...
5-28-2018 Newshound/Intel Guru Mnt Goat ...remember this is being held by the old parliament not the newly elected one. So if they swear in new members than Sadr movement will have majority of seats. Technically, the Rules in the Constitution say that the next session of parliament following the elections must swear in the newly elected members. They may try to claim that this is a “special session” of the prior parliament. So can they really even have a session to do what they want to do and that is nullify the elections results? Can you see how this is NOT the place to do this but this is really the responsibility with the Judiciary. Why does the judiciary not speak up?
5-27-2018 Newshound Guru MilitiaMan Now keep in mind that the dust is settling on the political stage and note they had (imo) 15 days to get things in order and then, wala. ...In other words, the final touches politically last night look to have been met and apparently reported today that are on time, and within that window of 15 days. Close enough for Government work, imo.. Then the CBI at or just before Banks closed in Iraq today we see this. 1USD/1190IQD = .00084034. Imo if you have one USD divided by 1190 that is a number. Project to delete the Zeros, then becomes 1 USD 1/.84 = 1.190476 IQD. imo That is purchase power folks, imo.. That will or should draw the remaining 3 zero notes in from the citizens, as in country the Dinar has or will have more value than the USD. Just like they are telling them in the news... [post 2 of 2]
5-27-2018 Newshound Guru MilitiaMan US dollar USD 1190.000 "1190 ought to floor everyone. The CBI is not going to lose money for very long... Quote: "And that this goal will remain one of the objectives of the central bank, which requires direct banks to immediately leave the total dependence on the window selling foreign currency in its financial activity." In fact, imo ...one word that is very telling. It is... "Immediately..." That is about how long the CBI will lose money...imo Well at a 1190 they will do exactly that... They are not in the business to lose money. In fact they will make nothing but money from hear on out. imo. [post 1 of 2....stay tuned]
5-27-2018 Intel Guru Dr. Clarke In regards to RATES. Nobody knows exactly what the rates will be, until the Moment, they actually make them Public. However, we fully expect, and are guessing at an Exchange Rate in the U.S., on the Iraq Dinar, to be in excess of $4.00, within a few days of the release. On the Vietnamese Dong, we fully expect, our guess is an exchange rate in the U.S., of over $2.00, within a few days of the PUBLIC increase - and we expect them BOTH to move within 24 hours, of one another. ...All that matters, is the “Exchange Rate”, which is the “Out of Country” rate, for any country in the Exchange process...and fluctuates, based on the “Market” - the FOREX Market. The “Markets” drive the Rates, up & down, so it’s always anyone’s guess. What do we base these on? Our “Gut”. Net asset value of the country. Previous rate history. World Economic conditions. Competing currencies. Regional Values. “FOREX Market Value”. The “RATE Godz" have spoken... [post 3 of 3]
5-27-2018 Intel Guru Dr. Clarke This will satisfy the requirements the CBI publicly set, for a “SUITABLE ENVIRONMENT”, in order to do so. How many DAYS AFTER...nobody knows. But, it shouldn’t be long. Keep in mind, that there is urgency, due to Iraq wanting that donor money, pledged from all those countries at the Kuwait Conference, which is waiting on a “Suitable Environment”, and an RV, in order for those funds to flow to Iraq. Additionally, the factions that oppose the Sadr-Abadi camp, will rebel once they announce the new PM, so an IMMEDIATE RV, will help soften the possible riots & uprisings that occur, keeping them “Happily Busy” with positive money matters. During RAMADAN (ending June 15th) is the perfect time...We have our eyes particularly focused on the weekend of JUNE 2, 3rd...with Eager Anticipation. Our Optimum Personal Exchange Window, has shifted to after the 15th, into the 3rd Week of JUNE. Figure that out... [post 2 of 3....stay tuned]
5-27-2018 Intel Guru Dr. Clarke Things have changed a bit...May 24th did bring some Big News, in that the N. Korea meeting was cancelled by Pres. Trump. We figured...The meeting may still happen SOMETIME in June. This does NOT have to happen, before there’s an RV in Iraq & Vietnam. However, there are ties to it, because of China, and also the status of Iran and the Nuclear deal, that Pres. Trump cancelled. Negotiations are happening in the “Closet”, as we speak... Given the status of “EVERYTHING” - The “Worldwide View”, we Believe, as of this writing “Today”, that Iraq will Officially & Publicly RV the Dinar, ANY DAY AFTER the Public Announcement of the next Prime Minister, as selected by the Sadr Camp - which looks to be Abadi...and should happen ANY DAY NOW. [post 1 of 3....stay tuned]
5-27-2018 Newshound Guru chattels [ i...was wondering if you think the IMF is in charge of most of this dinar circus?] Iraq's monetary practice and policy arguably must exist within an acceptable framework for it's currency to be received / valued by others is my sense of it. It is a collaborative and compliance situation between the CBI and the IMF at least. Neither is arguably "in charge".
5-27-2018 Newshound/Intel Guru Mnt Goat Article: "The Electoral Commission (IHEC) has set the deadline for receipt of appeals for the results of the parliamentary elections on Thursday." the judiciary will not act to ratify the election results until all these deadlines have expired. They then will take time to review all the appeals and findings of the results and make a decision. So here we see that they will not even be able to begin their work in this matter until at least May 31st deadline for appeals. So knowing this then why in hell is the parliament attempting to execute judiciary powers in this matter? This is not within the scope of their work.
5-27-2018 Newshound Guru MilitiaMan US dollar USD 1190.000 "1190 ought to floor everyone. The CBI is not going to lose money for very long... Quote: "And that this goal will remain one of the objectives of the central bank, which requires direct banks to immediately leave the total dependence on the window selling foreign currency in its financial activity." In fact, imo ...one word that is very telling. It is... "Immediately..." That is about how long the CBI will lose money...imo Well at a 1190 they will do exactly that... They are not in the business to lose money. In fact they will make nothing but money from hear on out. imo. [post 1 of 2....stay tuned]
5-27-2018 Intel Guru Dr. Clarke In regards to RATES. Nobody knows exactly what the rates will be, until the Moment, they actually make them Public. However, we fully expect, and are guessing at an Exchange Rate in the U.S., on the Iraq Dinar, to be in excess of $4.00, within a few days of the release. On the Vietnamese Dong, we fully expect, our guess is an exchange rate in the U.S., of over $2.00, within a few days of the PUBLIC increase - and we expect them BOTH to move within 24 hours, of one another. ...All that matters, is the “Exchange Rate”, which is the “Out of Country” rate, for any country in the Exchange process...and fluctuates, based on the “Market” - the FOREX Market. The “Markets” drive the Rates, up & down, so it’s always anyone’s guess. What do we base these on? Our “Gut”. Net asset value of the country. Previous rate history. World Economic conditions. Competing currencies. Regional Values. “FOREX Market Value”. The “RATE Godz" have spoken... [post 3 of 3]
5-27-2018 Intel Guru Dr. Clarke This will satisfy the requirements the CBI publicly set, for a “SUITABLE ENVIRONMENT”, in order to do so. How many DAYS AFTER...nobody knows. But, it shouldn’t be long. Keep in mind, that there is urgency, due to Iraq wanting that donor money, pledged from all those countries at the Kuwait Conference, which is waiting on a “Suitable Environment”, and an RV, in order for those funds to flow to Iraq. Additionally, the factions that oppose the Sadr-Abadi camp, will rebel once they announce the new PM, so an IMMEDIATE RV, will help soften the possible riots & uprisings that occur, keeping them “Happily Busy” with positive money matters. During RAMADAN (ending June 15th) is the perfect time...We have our eyes particularly focused on the weekend of JUNE 2, 3rd...with Eager Anticipation. Our Optimum Personal Exchange Window, has shifted to after the 15th, into the 3rd Week of JUNE. Figure that out... [post 2 of 3....stay tuned]
5-27-2018 Intel Guru Dr. Clarke Things have changed a bit...May 24th did bring some Big News, in that the N. Korea meeting was cancelled by Pres. Trump. We figured...The meeting may still happen SOMETIME in June. This does NOT have to happen, before there’s an RV in Iraq & Vietnam. However, there are ties to it, because of China, and also the status of Iran and the Nuclear deal, that Pres. Trump cancelled. Negotiations are happening in the “Closet”, as we speak... Given the status of “EVERYTHING” - The “Worldwide View”, we Believe, as of this writing “Today”, that Iraq will Officially & Publicly RV the Dinar, ANY DAY AFTER the Public Announcement of the next Prime Minister, as selected by the Sadr Camp - which looks to be Abadi...and should happen ANY DAY NOW. [post 1 of 3....stay tuned]
5-27-2018 Newshound Guru chattels [ i...was wondering if you think the IMF is in charge of most of this dinar circus?] Iraq's monetary practice and policy arguably must exist within an acceptable framework for it's currency to be received / valued by others is my sense of it. It is a collaborative and compliance situation between the CBI and the IMF at least. Neither is arguably "in charge".
5-27-2018 Newshound/Intel Guru Mnt Goat Article: "The Electoral Commission (IHEC) has set the deadline for receipt of appeals for the results of the parliamentary elections on Thursday." the judiciary will not act to ratify the election results until all these deadlines have expired. They then will take time to review all the appeals and findings of the results and make a decision. So here we see that they will not even be able to begin their work in this matter until at least May 31st deadline for appeals. So knowing this then why in hell is the parliament attempting to execute judiciary powers in this matter? This is not within the scope of their work.
5-26-2018 Newshound Guru chattels [...the CBI IS IN CONTROL PERIOD!!] There are market forces that the CBI can influence but I do not believe that the CBI "controls" them directly.
5-26-2018 Newshound Guru G-Lin Article: "Banks and dinar recovery" Quote: "more than two months ago the stability of the exchange rate and the recovery of the Iraqi dinar and the high purchasing power in the market of cash circulation because of the success of the plans and procedures of the Central Bank and the cooperation of the banking sector with him, which led to convergence of the exchange rate set by the Central Bank with the parallel market price..." If they are looking for financial stability the above art. certainly points to the dinar's stability. I know the election chaos is discouraging but will that effect the CBI's plan? You would think it would but I don't know. If they stop the auctions, they will need to set a rate. As usual we have two different scenarios going on in Iraq. Political which is a friggin mess and economic which is growing stronger everyday.
5-26-2018 Newshound Guru Breitling Part 2.3 How The Money Works: …You don’t need to ask, “Where are they going to come up with the US Dollars for all this?” It equivalent. If the bank exchanges the US dollar for the Iraqi dinar they are holding that same value in the Iraqi dinar and what they do with it is their business. Whether they sit on it and speculate, will they send it to the US treasury department and it ends up going in our foreign currency reserve? No body knows, it’s up to them. That’s their play. It’s not specially funded. No body is gaining off you in the exchange except for it’s fee in the exchange…that’s all it is… [Part 2: Post 3 of 3] [You can see Part 1: Going To The Bank in 5-25-2018 the posts below]
5-26-2018 Newshound Guru Breitling Part 2.2 How The Money Works: So let’s say you throw a million dollars worth of Iraqi Dinar on the table, you’re only getting a million dollar back if they are both worth that in US dollars. No body is gaining anything on our side or the bank side, it’s just a simple exchange from one currency type to another currency type. Where the money is to be made is the 1% or 2% they [the bank] charge for that exchange. Just like when we bought the currency in the first place. So NO, it’s not a specially funded event. It never has been in the history of mankind or the history of currency and it never will be. If you go all the way back to when modern banking was invented…there was always an even exchange… [Part 2: Post 2 of 3 Stay tuned] [You can see Part 1 Going To The Bank in 5-25-2018 the posts below]
5-26-2018 Newshound Guru Breitling Part 2.1 How The Money Works: The part that disturbs me and I don’t mean this with mean intent, Is how people are coming up with this idea that they have to have some “special fund” at a bank. Because the question is, “How are they going to be able to afford to give us all this money for the dinar?” So here’s how it is and here’s how it works. You’re exchanging a value of a currency for it’s equivalent in the U.S. Dollar. In other words they’re worth the exact same. It doesn’t matter what value you put on the Iraqi Dinar, you’re only going to get the exact value of that dinar in US dollars when you exchange it. It’s not going to be anything more. [Part 2: Post 1 of 3 stay tuned] [You can see Part 1 Going To The Bank in 5-25-2018 the posts below]
5-26-2018 Newshound Guru MilitiaMan Quotes: "The main ingredient in the successful introduction of a new currency is a strong commitment by the central bank together with the government to take the steps needed to ensure that the new currency is perceived as stable by companies, the general public, and the international community." "The next phase of currency reform is the conversion from old cash currency to new. " I am of the opinion that Iraq has provided all the above. Add in that Alak the CBI Governor was in the media having along side him the presentation boards and ATMs... The ATMs are now and have been in place...The Modernized banking is in effect, the ability to have E-Dinar or Lower Denominations. We also see the political side of things be for Economic reforms and Article 140 being for the citizens to bring out of poverty and share the wealth...! ... The bigger picture may be in view for all now... It sure is for me.. imo. [post 2 of 2]
5-26-2018 Newshound Guru MilitiaMan Article: "BANKS AND DINAR RECOVERY" The above is imo telling us the process from the Turkmenistan Model... Quote: "While unifying the exchange rate is important, the authorities must also modernize the national currency for a currency reform to be comprehensive. In Turkmenistan, the modernization entailed issuing a new family of banknotes that were smaller in size than the unnecessarily large old banknotes." A change in currency is coming when new modern banking products are implemented or launched. They need to be fast about it too. [post 1 of 2....stay tuned]
5-26-2018 Newshound Guru chattels Article: "Banks and dinar recovery" Quote: "more than two months ago the stability of the exchange rate and the recovery of the Iraqi dinar and the high purchasing power in the market of cash circulation because of the success of the plans and procedures of the Central Bank and the cooperation of the banking sector with him, which led to convergence of the exchange rate set by the Central Bank with the parallel market price,..." The foregoing arguably confirms the compliance made with the 2 % spread toward a three month period.
5-26-2018 Newshound Guru G-Lin Article: "Banks and dinar recovery" Quote: "more than two months ago the stability of the exchange rate and the recovery of the Iraqi dinar and the high purchasing power in the market of cash circulation because of the success of the plans and procedures of the Central Bank and the cooperation of the banking sector with him, which led to convergence of the exchange rate set by the Central Bank with the parallel market price..." If they are looking for financial stability the above art. certainly points to the dinar's stability. I know the election chaos is discouraging but will that effect the CBI's plan? You would think it would but I don't know. If they stop the auctions, they will need to set a rate. As usual we have two different scenarios going on in Iraq. Political which is a friggin mess and economic which is growing stronger everyday.
5-26-2018 Newshound Guru Breitling Part 2.3 How The Money Works: …You don’t need to ask, “Where are they going to come up with the US Dollars for all this?” It equivalent. If the bank exchanges the US dollar for the Iraqi dinar they are holding that same value in the Iraqi dinar and what they do with it is their business. Whether they sit on it and speculate, will they send it to the US treasury department and it ends up going in our foreign currency reserve? No body knows, it’s up to them. That’s their play. It’s not specially funded. No body is gaining off you in the exchange except for it’s fee in the exchange…that’s all it is… [Part 2: Post 3 of 3] [You can see Part 1: Going To The Bank in 5-25-2018 the posts below]
5-26-2018 Newshound Guru Breitling Part 2.2 How The Money Works: So let’s say you throw a million dollars worth of Iraqi Dinar on the table, you’re only getting a million dollar back if they are both worth that in US dollars. No body is gaining anything on our side or the bank side, it’s just a simple exchange from one currency type to another currency type. Where the money is to be made is the 1% or 2% they [the bank] charge for that exchange. Just like when we bought the currency in the first place. So NO, it’s not a specially funded event. It never has been in the history of mankind or the history of currency and it never will be. If you go all the way back to when modern banking was invented…there was always an even exchange… [Part 2: Post 2 of 3 Stay tuned] [You can see Part 1 Going To The Bank in 5-25-2018 the posts below]
5-26-2018 Newshound Guru Breitling Part 2.1 How The Money Works: The part that disturbs me and I don’t mean this with mean intent, Is how people are coming up with this idea that they have to have some “special fund” at a bank. Because the question is, “How are they going to be able to afford to give us all this money for the dinar?” So here’s how it is and here’s how it works. You’re exchanging a value of a currency for it’s equivalent in the U.S. Dollar. In other words they’re worth the exact same. It doesn’t matter what value you put on the Iraqi Dinar, you’re only going to get the exact value of that dinar in US dollars when you exchange it. It’s not going to be anything more. [Part 2: Post 1 of 3 stay tuned] [You can see Part 1 Going To The Bank in 5-25-2018 the posts below]
5-26-2018 Newshound Guru MilitiaMan Quotes: "The main ingredient in the successful introduction of a new currency is a strong commitment by the central bank together with the government to take the steps needed to ensure that the new currency is perceived as stable by companies, the general public, and the international community." "The next phase of currency reform is the conversion from old cash currency to new. " I am of the opinion that Iraq has provided all the above. Add in that Alak the CBI Governor was in the media having along side him the presentation boards and ATMs... The ATMs are now and have been in place...The Modernized banking is in effect, the ability to have E-Dinar or Lower Denominations. We also see the political side of things be for Economic reforms and Article 140 being for the citizens to bring out of poverty and share the wealth...! ... The bigger picture may be in view for all now... It sure is for me.. imo. [post 2 of 2]
5-26-2018 Newshound Guru MilitiaMan Article: "BANKS AND DINAR RECOVERY" The above is imo telling us the process from the Turkmenistan Model... Quote: "While unifying the exchange rate is important, the authorities must also modernize the national currency for a currency reform to be comprehensive. In Turkmenistan, the modernization entailed issuing a new family of banknotes that were smaller in size than the unnecessarily large old banknotes." A change in currency is coming when new modern banking products are implemented or launched. They need to be fast about it too. [post 1 of 2....stay tuned]
5-26-2018 Newshound Guru chattels Article: "Banks and dinar recovery" Quote: "more than two months ago the stability of the exchange rate and the recovery of the Iraqi dinar and the high purchasing power in the market of cash circulation because of the success of the plans and procedures of the Central Bank and the cooperation of the banking sector with him, which led to convergence of the exchange rate set by the Central Bank with the parallel market price,..." The foregoing arguably confirms the compliance made with the 2 % spread toward a three month period.
5-25-2018 Newshound/Intel Guru Mnt Goat So where does this effort now stand? ...I gave you a breakdown of the events in which we should expect things to happen soon. [reference Guru Mnt Goat posts 5-24-2018] We know already they are not on schedule but also not too far off. It is only May 25th just 2 weeks since the election. Sadr must decide on a candidate next week sometime since parliament begins its new session with its newly elected members on or around June 1st. [post 2 of 2]
5-25-2018 Newshound/Intel Guru Mnt Goat May 12, 2018: In a surprise (but not unexpected) upset the winner of the parliamentary elections was the Sadr coalition, which won control of 17 percent of the seats in parliament. Sadr is thus able to take the lead in trying to form a coalition government. His main opponents are pro-Iran politicians and the much larger group of corrupt politicians. ...A source in the Iraqi parliament, on Thursday, that the leader of the Sadrist movement Moqtada al-Sadr, will not ally with the head of the list of state law, Nuri al-Maliki, or the head of the Fatah coalition Hadi al-Ameri in forming the next government. [post 1 of 2....stay tuned]
5-25-2018 Intel Guru RayRen98 [Is the RV the culmination of the economic reform, or is there more afterwards?] As well as the RV, economic reforms includes rebuilding and reconstruction of Iraq, and Sadr is also suggesting that they pay people out of their oil revenues as well as creating jobs and reforming the banking system.
5-25-2018 Newshound/Intel Guru BGG Article: "Can Sadr swing Nonsectarian Government?" While this was originally published in one of the most reputable Middle East outlets… this isn’t a real question. It is clearly rhetorical. He can – the real question isn’t can he, the real question is – “Will everyone else...”? Things are shaping up well. I am very hopeful they come to a speedy resolution – without the corrupt.
5-25-2018 Intel Guru Bruce ...what is good about this is we thought for that to happen our Treasury would release Iraq to put out their rate and to be international known...to put their rate out to where it can be seen on the CBI and it could be known not just in Iraq...we know they have an in-country revaluation. The question is: Is it known outside of Iraq, in fact outside the Middle East? That is the question mark. I am it hearing from one source not sure about multiple confirmations of that. ...I think we could have an excellent Memorial Day weekend. I am excited. I am seeing some things coming together. I am seeing the timing coming together... [post 2 of 2]
5-25-2018 Intel Guru Bruce There is a slight bit of confusion in my mind about where Iraq is right now... I did understand that the so called RV was released today by al-Sadr, and I was thinking wait a minute. I thought...al-Sadr had ceded his power over to Abadi or least that was the plan. That was the plan early in the week with the election last Saturday if I am not mistaken. We thought okay that is cool that happened. Then we heard that the announcement we were looking for from Abadi today may have been in turn made by al-Sadr today about the RV...that was what one report said coming in. So I am going to say I do not have multiple confirmations of that. [post 1 of 2....stay tuned]
5-25-2018 Newshound Guru Breitling Part 1 cont... ...What’s going to happen officially is you’re going to take your Iraqi Dinar to the bank, they are going to certify it with a federal certified number then that money is going to go to the treasury department and it’s going to be verified and when it is verified that value is going to be put into an account. No one is going to send you millions of dollars in cash. That’s not how it works. Now that you have that money digitally in your account if you need to pull money out, you go through the same process everyone else does with a bank. Let’s say you need a lot, then you’re going to have to order it. Let’s say you need a 100K or whatever you’re going to have to order it. They’re not going to hand you 100K at the bank that day. You have to understand that. That’s how the process is going to work. [Part 1: Post 2 of 2 Stay tuned for Part 2: How The Money Works]
5-25-2018 Newshound Guru Breitling Part 1 Going To The Bank : Many moons ago, me and a group of guys got together and bought a Porsche engine…I went to Bank of America and was like I need to pull out $26K so I can go buy this engine. They were like we can only give you 5K today. I had to go to 4 other banks to end up pulling out $26K. I could have ordered that from my bank but it would have taken a couple of days. We simply didn’t have that time…The reason I’m saying that is because the process of when we go to exchange our currency for the Iraqi Dinar (and that’s the correct term.) You’re not going to go to the bank and put a bunch of paper money on the table and they are going to give you a bunch of dollars back. [Part 1: Post 1 of 2]
5-25-2018 Newshound Guru G-Lin [...the news is all over the place! Election results finalized, Abadi offered the PM position, government forming quickly, rigged election reports, efforts to cancel the elections, war...] Yes...What it boils down to is whoever develops the largest bloc will decide the ruling party and gov. Looks like Sadr, Abadi, Hakim, and hopefully the Kurds can out number Maliki and Amiri. I think Barzani is considering going with Maliki. That amazes me. We need to sit back and watch the outcome. I have no idea which way the Sunnis will come down. Allawi will always create problems. This may take a while.
5-25-2018 Newshound/Intel Guru Mnt Goat May 12, 2018: In a surprise (but not unexpected) upset the winner of the parliamentary elections was the Sadr coalition, which won control of 17 percent of the seats in parliament. Sadr is thus able to take the lead in trying to form a coalition government. His main opponents are pro-Iran politicians and the much larger group of corrupt politicians. ...A source in the Iraqi parliament, on Thursday, that the leader of the Sadrist movement Moqtada al-Sadr, will not ally with the head of the list of state law, Nuri al-Maliki, or the head of the Fatah coalition Hadi al-Ameri in forming the next government. [post 1 of 2....stay tuned]
5-25-2018 Intel Guru RayRen98 [Is the RV the culmination of the economic reform, or is there more afterwards?] As well as the RV, economic reforms includes rebuilding and reconstruction of Iraq, and Sadr is also suggesting that they pay people out of their oil revenues as well as creating jobs and reforming the banking system.
5-25-2018 Newshound/Intel Guru BGG Article: "Can Sadr swing Nonsectarian Government?" While this was originally published in one of the most reputable Middle East outlets… this isn’t a real question. It is clearly rhetorical. He can – the real question isn’t can he, the real question is – “Will everyone else...”? Things are shaping up well. I am very hopeful they come to a speedy resolution – without the corrupt.
5-25-2018 Intel Guru Bruce ...what is good about this is we thought for that to happen our Treasury would release Iraq to put out their rate and to be international known...to put their rate out to where it can be seen on the CBI and it could be known not just in Iraq...we know they have an in-country revaluation. The question is: Is it known outside of Iraq, in fact outside the Middle East? That is the question mark. I am it hearing from one source not sure about multiple confirmations of that. ...I think we could have an excellent Memorial Day weekend. I am excited. I am seeing some things coming together. I am seeing the timing coming together... [post 2 of 2]
5-25-2018 Intel Guru Bruce There is a slight bit of confusion in my mind about where Iraq is right now... I did understand that the so called RV was released today by al-Sadr, and I was thinking wait a minute. I thought...al-Sadr had ceded his power over to Abadi or least that was the plan. That was the plan early in the week with the election last Saturday if I am not mistaken. We thought okay that is cool that happened. Then we heard that the announcement we were looking for from Abadi today may have been in turn made by al-Sadr today about the RV...that was what one report said coming in. So I am going to say I do not have multiple confirmations of that. [post 1 of 2....stay tuned]
5-25-2018 Newshound Guru Breitling Part 1 cont... ...What’s going to happen officially is you’re going to take your Iraqi Dinar to the bank, they are going to certify it with a federal certified number then that money is going to go to the treasury department and it’s going to be verified and when it is verified that value is going to be put into an account. No one is going to send you millions of dollars in cash. That’s not how it works. Now that you have that money digitally in your account if you need to pull money out, you go through the same process everyone else does with a bank. Let’s say you need a lot, then you’re going to have to order it. Let’s say you need a 100K or whatever you’re going to have to order it. They’re not going to hand you 100K at the bank that day. You have to understand that. That’s how the process is going to work. [Part 1: Post 2 of 2 Stay tuned for Part 2: How The Money Works]
5-25-2018 Newshound Guru Breitling Part 1 Going To The Bank : Many moons ago, me and a group of guys got together and bought a Porsche engine…I went to Bank of America and was like I need to pull out $26K so I can go buy this engine. They were like we can only give you 5K today. I had to go to 4 other banks to end up pulling out $26K. I could have ordered that from my bank but it would have taken a couple of days. We simply didn’t have that time…The reason I’m saying that is because the process of when we go to exchange our currency for the Iraqi Dinar (and that’s the correct term.) You’re not going to go to the bank and put a bunch of paper money on the table and they are going to give you a bunch of dollars back. [Part 1: Post 1 of 2]
5-25-2018 Newshound Guru G-Lin [...the news is all over the place! Election results finalized, Abadi offered the PM position, government forming quickly, rigged election reports, efforts to cancel the elections, war...] Yes...What it boils down to is whoever develops the largest bloc will decide the ruling party and gov. Looks like Sadr, Abadi, Hakim, and hopefully the Kurds can out number Maliki and Amiri. I think Barzani is considering going with Maliki. That amazes me. We need to sit back and watch the outcome. I have no idea which way the Sunnis will come down. Allawi will always create problems. This may take a while.
5-24-2018 Newshound/Intel Guru Mnt Goat ...The final stage is that then the President of the Republic (the third and last president) must be selected within 30 days of the first meeting, and then the President nominates the Prime Minister of the largest bloc, if the prime minister candidate fails to collect parliamentary support, the president will choose another candidate as recommended by the Sadr Movement. So, you can see there is much work to be done and a narrow window to get it all done. They are already late. The keys to this process are: 1. to get the Judiciary to ratify the elections results in a timely manner and 2. to get the prime minister nominee announced in a timely manner. Everything else after that seems to flow quicker. We are still waiting for both to occur. [post 2 of 2]
5-24-2018 Newshound/Intel Guru Mnt Goat What should we look for in the next week or coming weeks? Watch for articles telling us the Judiciary ratified the elections results and they are final. The Iraqi parliament in its first session (of the NEW parliament), which is supposed to be held within 15 days after the ratification of the Federal Court on the election results. Since the first session of Parliament is scheduled to begin on June 1st, we can clearly see they are already running late in the process with only 8 days remaining until June 1st. Watch also for articles telling us that the Sadr Movement has selected a candidate as the nominee for the next prime minister. This is NOT yet official, however it is believed that Haider al-Abadi is that nominee. [post 1 of 2....stay tuned]
5-24-2018 Newshound/Intel Guru Mnt Goat We should all know by now that the Sadr Movement received the majority of the popular votes and thus the majority of seats in parliament. So, the “Sadr Movement” is now allowed to nominate the next prime minister for Iraq (just one of the 3 presidents). We are now in this stage of the process. We are witnessing Al-Sadr meeting with the numerous heads of the parties and coalitions... ...So, once the popular vote is official and ratified by the Judiciary the 90 day clock begins ticking. According to the constitution the process can take no longer than 90 days until the government is “fully” formed. But to get the clock ticking has been the problem in the past and seems to always be the delay in getting the show moving forward. We are still waiting for the Judiciary Ratification of the election results. This is the hold up right now.
5-24-2018 Newshound Guru sandyf It is a fact that the Central Bank of Kuwait did not revalue the KWD following the occupation. The KWD was reinstated at the same value as it was prior to the occupation. It is a fact that the CBI published a figure for “Currency Issued” of 42.172 Trillion IQD as of 31st March 2018…It is a fact that no country on a floating exchange rate has allowed “rapid” appreciation of the currency. In recent times the greatest appreciation seen was the Yuan at about 3% per year, many said that was rapid. In the eye of the beholder. It is a fact that I have never said there was no possibility of a positive outcome, Just that it would not be in the way some want to make out… [Post 2 of 2]
5-24-2018 Newshound Guru sandyf It is a fact that Iraq has for years discussed the project to delete the 3 zeros. It is a fact that ten years ago that Iraq considered the "Turkey model" for their redenomination. It is a fact that in April 2012 the Iraqi cabinet postponed the redenomination indefinitely. It is a fact that in 2009 an investigative report was published into redenominations. It is a fact that the 2009 report concluded that a major contributor to a "successful" redenomination was low inflation. It is a fact that a redenomination introduces a new national currency and that the previous national currency co-exists in-country for a period of time. It would become an ISO historical currency. It is a fact that ISO historical currencies are not recognised internationally... [Post 1 of 2]
5-24-2018 Newshound Guru chattels An inclusive and representative government which is efficient and effective without continued gridlock means stability, which coupled with improved security, is conducive to the monetary reform we await, IMO. If Kap's [Guru Kaperoni] theory has merit than there may be a happy coincidence of event late 2018 - early 2019.
5-24-2018 Newshound Guru Adam Montana ...here we are, patiently grinding through Ramadan. As expected, news is a bit slow at this time ...The good news is there’s absolutely nothing going on that gives us cause for concern - so sit tight, keep that dinar in a safe place, and let’s just keep an eye on things for the next couple weeks. Once things get moving again, we should be in for a heck of a ride…
5-24-2018 Newshound/Intel Guru Mnt Goat What should we look for in the next week or coming weeks? Watch for articles telling us the Judiciary ratified the elections results and they are final. The Iraqi parliament in its first session (of the NEW parliament), which is supposed to be held within 15 days after the ratification of the Federal Court on the election results. Since the first session of Parliament is scheduled to begin on June 1st, we can clearly see they are already running late in the process with only 8 days remaining until June 1st. Watch also for articles telling us that the Sadr Movement has selected a candidate as the nominee for the next prime minister. This is NOT yet official, however it is believed that Haider al-Abadi is that nominee. [post 1 of 2....stay tuned]
5-24-2018 Newshound/Intel Guru Mnt Goat We should all know by now that the Sadr Movement received the majority of the popular votes and thus the majority of seats in parliament. So, the “Sadr Movement” is now allowed to nominate the next prime minister for Iraq (just one of the 3 presidents). We are now in this stage of the process. We are witnessing Al-Sadr meeting with the numerous heads of the parties and coalitions... ...So, once the popular vote is official and ratified by the Judiciary the 90 day clock begins ticking. According to the constitution the process can take no longer than 90 days until the government is “fully” formed. But to get the clock ticking has been the problem in the past and seems to always be the delay in getting the show moving forward. We are still waiting for the Judiciary Ratification of the election results. This is the hold up right now.
5-24-2018 Newshound Guru sandyf It is a fact that the Central Bank of Kuwait did not revalue the KWD following the occupation. The KWD was reinstated at the same value as it was prior to the occupation. It is a fact that the CBI published a figure for “Currency Issued” of 42.172 Trillion IQD as of 31st March 2018…It is a fact that no country on a floating exchange rate has allowed “rapid” appreciation of the currency. In recent times the greatest appreciation seen was the Yuan at about 3% per year, many said that was rapid. In the eye of the beholder. It is a fact that I have never said there was no possibility of a positive outcome, Just that it would not be in the way some want to make out… [Post 2 of 2]
5-24-2018 Newshound Guru sandyf It is a fact that Iraq has for years discussed the project to delete the 3 zeros. It is a fact that ten years ago that Iraq considered the "Turkey model" for their redenomination. It is a fact that in April 2012 the Iraqi cabinet postponed the redenomination indefinitely. It is a fact that in 2009 an investigative report was published into redenominations. It is a fact that the 2009 report concluded that a major contributor to a "successful" redenomination was low inflation. It is a fact that a redenomination introduces a new national currency and that the previous national currency co-exists in-country for a period of time. It would become an ISO historical currency. It is a fact that ISO historical currencies are not recognised internationally... [Post 1 of 2]
5-24-2018 Newshound Guru chattels An inclusive and representative government which is efficient and effective without continued gridlock means stability, which coupled with improved security, is conducive to the monetary reform we await, IMO. If Kap's [Guru Kaperoni] theory has merit than there may be a happy coincidence of event late 2018 - early 2019.
5-24-2018 Newshound Guru Adam Montana ...here we are, patiently grinding through Ramadan. As expected, news is a bit slow at this time ...The good news is there’s absolutely nothing going on that gives us cause for concern - so sit tight, keep that dinar in a safe place, and let’s just keep an eye on things for the next couple weeks. Once things get moving again, we should be in for a heck of a ride…
5-23-2018 Newshound/Intel Guru Mnt Goat Article: "AL-ABADI VISION FOR THE NEXT FOUR YEARS IF HE IS APPOINTED TO FORM THE GOVERNMENT" Quote: "...his vision is based on "reforming the economy, defeating corruption and providing jobs for millions of young people who have the majority of the Iraqi population and continuing to improve public services , Ensuring the follow-up of human rights and the empowerment of women." ...okay so now we get more of what al-Abadi will do as the next prime minister. Does this sound familiar? It is almost word for word what the Sadr Movement was requiring of the next PM. Remember this article came out just prior to him being named as the nominee that the Sadr Movement will send to parliament as the next prime minister.
5-23-2018 Guest Guru BobTheTaxMan Question: Are you sure about capital gains verses ordinary income? Somewhere out in the dinar world there is a guy saying, “Look guys it’s going to be attributed to 988,” and it’s not ok. I keep telling everybody that 988 was created as a of handling incidental stuff. It does not apply to those of us who have bought dinar as an investment. It’s still not going to apply. If it was under 988 it would be considered capital gains but it is not. The other thing too that you have to realize…your loss that you may incur if you were to sell your dinar at a loss is not tax deductible. Something else you need to be aware of.
[NOTE: This is not to be considered tax advice in anyway…at the appropriate time you should speak to your own tax and financial professional.]
5-23-2018 Newshound Guru MilitiaMan Article: "Abadi: We call for a transitional government without preconditions" I sense urgency in the air. We recently heard the call for an acceleration in getting a government settled accordingly. Now the symbionic relationship between Abadi and Sadr, obviously isn't anything at all new...imo...They are way to aligned in just about everything and I posted photos of the two back in 2015, hand in hand smiling...Now with that said the two are clearly in alignment with wanting all Iraqis to be equal with no sectarianism period Amen! They want technocrats in position as a key point. Well, another nothing new, as Abadi has been doing exactly over the last couple years, therefore the above suggesting getting the government settled in record time is probably effectively been done for some time now.. imo. Let's not forget Frank / WS [Gurus Frank26 & Walkingstick] reminded us that Abadi did his Gov in thirty days beating Maliki"s 209. It has been 10 days since election... hmmm.
5-23-2018 Newshound Guru chattels 165 seats are necessary. Sadr’s Sairoon (54 seats), PM Abadi’s Nasr (42 seats), Hakim’s Hikma (19 seats), VP Allawi’s Wataniya (21 seats) and the KDP (25 seats) and Qarar (13 seats) makes a total of 173 if my math is correct. Can I get a "Bingo!"? With the Kurds as part of the government we have the best chance to avoid quotas and establish an efficient majority government for legislation without consensus, IMO. Godspeed the completion of the Iraqi Banking Sector Reform Project!
5-23-2018 Newshound/Intel Guru Mnt Goat Article: "MOQTADA AL-SADR, AGREED TO GIVE PRIME MINISTER HAIDER ABADI A SECOND TERM, DURING THE MEETING THEY HAD JUST GATHERED IN BAGHDAD" Okay so now we know Al-Abadi is going to be the next prime minister. We also gain some more insight at to the two conditions that al-Sadr is requiring of him. 1) fight corruption all the way to the top levels of govt 2) publish the list of names of those corrupt political officials.You can bet that on his mind is going after this Nori al-Maliki.
5-23-2018 Intel Guru Bruce What we are hearing from there is yes the ATMs are on. Yes, the lower denominations are out. Yes, they have an in-country rate which is a good rate...What we are looking for is for Iraq to put out this international rate. We know it has an in-country rate and we know what it is and it should be on CBI and the same as the international rate. Probably be the same rate as the front screen rate on our bank screen. The question is when it is going to be revealed...Our understanding was today we are looking now and still looking for this and maybe it is happening in a little while, but as of 2:30 pm this afternoon [Tuesday] our Treasury had not released Iraq to put out their rate. ...one of our contacts with HSBC London was...talking about the fact we are in a very good 24 hour window. I hope that is exactly where we are and we are right there. That was as of 1:00 pm this afternoon [Tuesday].
5-23-2018 Guest Guru BobTheTaxMan Question: Are you sure about capital gains verses ordinary income? Somewhere out in the dinar world there is a guy saying, “Look guys it’s going to be attributed to 988,” and it’s not ok. I keep telling everybody that 988 was created as a of handling incidental stuff. It does not apply to those of us who have bought dinar as an investment. It’s still not going to apply. If it was under 988 it would be considered capital gains but it is not. The other thing too that you have to realize…your loss that you may incur if you were to sell your dinar at a loss is not tax deductible. Something else you need to be aware of.
[NOTE: This is not to be considered tax advice in anyway…at the appropriate time you should speak to your own tax and financial professional.]
5-23-2018 Newshound Guru MilitiaMan Article: "Abadi: We call for a transitional government without preconditions" I sense urgency in the air. We recently heard the call for an acceleration in getting a government settled accordingly. Now the symbionic relationship between Abadi and Sadr, obviously isn't anything at all new...imo...They are way to aligned in just about everything and I posted photos of the two back in 2015, hand in hand smiling...Now with that said the two are clearly in alignment with wanting all Iraqis to be equal with no sectarianism period Amen! They want technocrats in position as a key point. Well, another nothing new, as Abadi has been doing exactly over the last couple years, therefore the above suggesting getting the government settled in record time is probably effectively been done for some time now.. imo. Let's not forget Frank / WS [Gurus Frank26 & Walkingstick] reminded us that Abadi did his Gov in thirty days beating Maliki"s 209. It has been 10 days since election... hmmm.
5-23-2018 Newshound Guru chattels 165 seats are necessary. Sadr’s Sairoon (54 seats), PM Abadi’s Nasr (42 seats), Hakim’s Hikma (19 seats), VP Allawi’s Wataniya (21 seats) and the KDP (25 seats) and Qarar (13 seats) makes a total of 173 if my math is correct. Can I get a "Bingo!"? With the Kurds as part of the government we have the best chance to avoid quotas and establish an efficient majority government for legislation without consensus, IMO. Godspeed the completion of the Iraqi Banking Sector Reform Project!
5-23-2018 Newshound/Intel Guru Mnt Goat Article: "MOQTADA AL-SADR, AGREED TO GIVE PRIME MINISTER HAIDER ABADI A SECOND TERM, DURING THE MEETING THEY HAD JUST GATHERED IN BAGHDAD" Okay so now we know Al-Abadi is going to be the next prime minister. We also gain some more insight at to the two conditions that al-Sadr is requiring of him. 1) fight corruption all the way to the top levels of govt 2) publish the list of names of those corrupt political officials.You can bet that on his mind is going after this Nori al-Maliki.
5-23-2018 Intel Guru Bruce What we are hearing from there is yes the ATMs are on. Yes, the lower denominations are out. Yes, they have an in-country rate which is a good rate...What we are looking for is for Iraq to put out this international rate. We know it has an in-country rate and we know what it is and it should be on CBI and the same as the international rate. Probably be the same rate as the front screen rate on our bank screen. The question is when it is going to be revealed...Our understanding was today we are looking now and still looking for this and maybe it is happening in a little while, but as of 2:30 pm this afternoon [Tuesday] our Treasury had not released Iraq to put out their rate. ...one of our contacts with HSBC London was...talking about the fact we are in a very good 24 hour window. I hope that is exactly where we are and we are right there. That was as of 1:00 pm this afternoon [Tuesday].
5-22-2018 Intel Guru Frank26 ...Iraq will soon form a basket in the Middle East of currencies to include the Iranian Rial, USD, Saudi Arabia, Kuwait with IQD... ...SADR WANTS REINSTATEMENT DONE IMMEDIATELY.
5-22-2018 Newshound Guru Kaperoni I stated last week that current PM al-Abadi does not want to be PM again. Today, some news surfaced that seems to support that. There may very well be a new PM chosen.
5-22-2018 Newshound/Intel Guru Mnt Goat
4. Why wait? The CBI must give the economy time to adjust. They will also need to slowly roll out the lower category notes as the rate rises from the initial anchor rate.
5. I am hearing now that the target for forming the new govt is early to mid- June which also coincides with the mid-June ending of the MCP. It also is in-line with the June 1st date for the session of the new parliament.
6. So do you want a new window of opportunity? I only bring you one today based on what I just talked about. ...I am not going to give you any “opinion”. The timeframe that I can see developing is somewhere around the last two weeks of June 2018. [post 3 of 3]
5-22-2018 Newshound/Intel Guru Mnt Goat ...In pegging it to the SDR basket they must come up with an initial “anchor rate” equivalent and in-line with the basket of 5 currencies in it. This anchor rate in not technically an RV or RI but for our purposes it surely could be a substantial increase in value we all want. I do not believe, as [Guru] Kaperoni has stated ...that the “anchor rate” will be the 1184 program rate and they will let it float from that rate. Instead I believe this “anchor rate” could be equivalent to somewhere around a 1:1, 1 dinar : 1 US dollar. By the time we see it on FOREX it may already be well up to the $3.00 - $4.00 range we all want. Like I said in prior news, that this measure will be a counter inflationary measure holding if off FOREX for a few days to maybe a few weeks. [post 2 of 3....stay tuned]
5-22-2018 Newshound/Intel Guru Mnt Goat So what next: Iraq is:
1. Much more STABLE politically just having the announcement on Sunday that Al-Abadi will continue on with a second term;
2. That the new government about to be formed will have the full support of the anti-corruption “Sadr Movement” behind it to support what Abadi knows he must do – expose these 1,000 political figures involved in this corruption (or as the CBI has told us they are involved in the FRAUD and MANIPULATION of the currency.
3. Once the MCP monitoring is completed (in the absence of no more violations) this could happen on approx June 15th as Kap [Guru Kaperoni] noted. The CBI is expected to get permission to move ahead with the currency, put it on a float off the fixed rate de facto peg to the US Dollar. They will then re-peg it to the SDR basket of currencies. Here is the juicy part... [post 1 of 3....stay tuned]
5-22-2018 Newshound Guru chattels Maliki individually received the highest number of votes in the election. [what does that mean for the elections though, will he have any power/say in anything?] Power follows the political bloc and not the individual. No need to be worried. Negotiations continue between the blocs. We are still awaiting a final certification of the election results. The final results must be ratified by the court.
5-22-2018 Intel Guru Frank26 The National Bank of Iraq was told while the elections were going on, that they need to update their software on their ATM machines. Then told them we are going to give you 24 hour notice when to activate the ATM machines. CBI has given every bank notification to have ATM's ready. The 24 hour period will include: billboards lit up; Presentation boards inside financial institutions...and both in Article form for citizens read.
5-22-2018 Newshound Guru MilitiaMan Article: "POSSIBILITY OF SPREADING BANKING CULTER" So the ability to show the citizens that the banking system has a new face on it has been in the forefront of objectives for the monetary policy to be absorbed into the culture in regards to trust, as it has not been about that for the past 30 years. They now have made progress in public awareness to instill in them that the Banking system, is not your enemy if you will. They go so far as to suggest they are creating an environment in which the customer is now right, whereas, in the past, it was not that way, thus, savings was not with the banks. This is a call for to tell citizens that the electronic system is in place, activation of payment tools are available and for exchanging there "NEW" currency through them, imo. That is a final step in the MR based off the Turkmenistan Model... They have overcome the illegal behaviors of the past. A secure environment is now... imo.
5-22-2018 Newshound Guru chattels Article quote: "The final results of the legislative elections announced by the Electoral Commission for elections showed the victory of 84 candidates for membership of the new House of Representatives." I read the foregoing to mean that there are 84 " new faces " in the Parliament. More than 1/3 of the total 329. 54 of which must be "Sadrist" since he insisted that all candidates be newcomers and his bloc won 54 seats. Parliamentary attendance should improve I expect.
5-22-2018 Newshound Guru Kaperoni I stated last week that current PM al-Abadi does not want to be PM again. Today, some news surfaced that seems to support that. There may very well be a new PM chosen.
5-22-2018 Newshound/Intel Guru Mnt Goat
4. Why wait? The CBI must give the economy time to adjust. They will also need to slowly roll out the lower category notes as the rate rises from the initial anchor rate.
5. I am hearing now that the target for forming the new govt is early to mid- June which also coincides with the mid-June ending of the MCP. It also is in-line with the June 1st date for the session of the new parliament.
6. So do you want a new window of opportunity? I only bring you one today based on what I just talked about. ...I am not going to give you any “opinion”. The timeframe that I can see developing is somewhere around the last two weeks of June 2018. [post 3 of 3]
5-22-2018 Newshound/Intel Guru Mnt Goat ...In pegging it to the SDR basket they must come up with an initial “anchor rate” equivalent and in-line with the basket of 5 currencies in it. This anchor rate in not technically an RV or RI but for our purposes it surely could be a substantial increase in value we all want. I do not believe, as [Guru] Kaperoni has stated ...that the “anchor rate” will be the 1184 program rate and they will let it float from that rate. Instead I believe this “anchor rate” could be equivalent to somewhere around a 1:1, 1 dinar : 1 US dollar. By the time we see it on FOREX it may already be well up to the $3.00 - $4.00 range we all want. Like I said in prior news, that this measure will be a counter inflationary measure holding if off FOREX for a few days to maybe a few weeks. [post 2 of 3....stay tuned]
5-22-2018 Newshound/Intel Guru Mnt Goat So what next: Iraq is:
1. Much more STABLE politically just having the announcement on Sunday that Al-Abadi will continue on with a second term;
2. That the new government about to be formed will have the full support of the anti-corruption “Sadr Movement” behind it to support what Abadi knows he must do – expose these 1,000 political figures involved in this corruption (or as the CBI has told us they are involved in the FRAUD and MANIPULATION of the currency.
3. Once the MCP monitoring is completed (in the absence of no more violations) this could happen on approx June 15th as Kap [Guru Kaperoni] noted. The CBI is expected to get permission to move ahead with the currency, put it on a float off the fixed rate de facto peg to the US Dollar. They will then re-peg it to the SDR basket of currencies. Here is the juicy part... [post 1 of 3....stay tuned]
5-22-2018 Newshound Guru chattels Maliki individually received the highest number of votes in the election. [what does that mean for the elections though, will he have any power/say in anything?] Power follows the political bloc and not the individual. No need to be worried. Negotiations continue between the blocs. We are still awaiting a final certification of the election results. The final results must be ratified by the court.
5-22-2018 Intel Guru Frank26 The National Bank of Iraq was told while the elections were going on, that they need to update their software on their ATM machines. Then told them we are going to give you 24 hour notice when to activate the ATM machines. CBI has given every bank notification to have ATM's ready. The 24 hour period will include: billboards lit up; Presentation boards inside financial institutions...and both in Article form for citizens read.
5-22-2018 Newshound Guru MilitiaMan Article: "POSSIBILITY OF SPREADING BANKING CULTER" So the ability to show the citizens that the banking system has a new face on it has been in the forefront of objectives for the monetary policy to be absorbed into the culture in regards to trust, as it has not been about that for the past 30 years. They now have made progress in public awareness to instill in them that the Banking system, is not your enemy if you will. They go so far as to suggest they are creating an environment in which the customer is now right, whereas, in the past, it was not that way, thus, savings was not with the banks. This is a call for to tell citizens that the electronic system is in place, activation of payment tools are available and for exchanging there "NEW" currency through them, imo. That is a final step in the MR based off the Turkmenistan Model... They have overcome the illegal behaviors of the past. A secure environment is now... imo.
5-22-2018 Newshound Guru chattels Article quote: "The final results of the legislative elections announced by the Electoral Commission for elections showed the victory of 84 candidates for membership of the new House of Representatives." I read the foregoing to mean that there are 84 " new faces " in the Parliament. More than 1/3 of the total 329. 54 of which must be "Sadrist" since he insisted that all candidates be newcomers and his bloc won 54 seats. Parliamentary attendance should improve I expect.
5-21-2018 Newshound Guru Kaperoni [correction] ...the 3 month IMF requirement...I want to correct how much time is left. Our countdown indicates 24 days. June/July going to be interesting months. [reference Guru Kaperoni post 5-21-18]
5-21-2018 Intel Guru Frank26 [via MilitiaMan] Frank26 Quotes: "...THE 3, THE BILLBOARDS, THE BOARDS IN THE BANK AND THE 2ND FINAL ARTICLE…WHAT WE HAVE GIVEN YOU IS THE ULTIMATE..." "...YOU NOW HAVE 3 THINGS THAT YOU KNOW, IMO, THAT WILL SOON BE COMING OUT…IT WILL BE IMO, WITHIN HOURS, TO DAYS THAT THE RI WILL BE OUT...I TOLD YOU TO WAIT FOR THESE BILLBOARDS….I TOLD YOU I WILL SEE YOU ON THE OTHER SIDE" "IMO, THSE 3 THINGS ARE READY!! THEY HAVE BEEN!! THEY ARE BEING PROTECTED TO BE LAUCNCHED WHEN CONDITIONS ARE SUITABLE THESE BILLBOARDS CAN BE PROGRAMMED AT ANY MOMENT, AT ANY TIME WHEN THE CONDITIONS ARE SUITABLE..."
5-21-2018 Newshound/Intel Guru Mnt Goat I told everyone that if I make a mistake I will be the first to admit it openly and freely. So now I am stating that I may have made a mistake on the ending date of the MCP (90 day) audit monitoring by the IMF. What I have learned is that the MCP monitoring did occur but it is not ending until June not the end of March. So the start date I heard was off mid-March which was actually the start date. The date was technically not moved but the process was “restarted” again due to violations. The previous time period the IMF did begin monitoring process however they encountered a violation and has to start the clock all over again. That clock started in mid March. It was not easy to get real-time information on this topic and it was confusing at first. It was finally sorted out. I know this sounds phony and fake news but I assure you this is occurring and is confirmed.
5-21-2018 Newshound/Intel Guru Mnt Goat Just in on Sunday morning - MOQTADA AL-SADR, AGREED TO GIVE PRIME MINISTER HAIDER ABADI A SECOND TERM, DURING THE MEETING THEY HAD JUST GATHERED IN BAGHDAD. ...Folks this is really happening. The unexpected miracle already did happen with the Sadar Movement (the underdogs) having won the popular vote...So for our investment these recent events are all very good and the news could not possibly get any better than if they did announce the RV. But they didn’t however we know it is coming shortly and sooner than you might think... [post 2 of 2]
5-21-2018 Newshound/Intel Guru Mnt Goat The Independent High Electoral Commission announced Saturday the results of the final elections of parliament. We know that Nori al-Malaki is contesting the voting process and demands a recount. The electoral commission has said there is no reason for it and the judiciary has ruled also in favor of the same. So, I do not believe there will be a recount. Remember: 1. the judiciary still has to ratify these results from the electoral commission and so this is part of the 90 day timeline too. 2. The new Parliament members must also be sworn in on the first session of the new Parliament expected to take place on June 1st. So the Sadr Movement had to submit its candidate to lead the country as prime minister shortly afterwards. 3. Parliament must ratify this candidate (give its approval) then the prime minister will have 30 days to put the new government together once this clock starts to tick. Got a total of 90 days to complete this entire process. [post 1 of 2....stay tuned]
5-21-2018 Newshound Guru Kaperoni The truth is MCP has nothing to do with dual currencies, or using one currency over another, it has to do with a spread that exists of more than 2% between the Official Rate and Market Rate. In the case of Iraq, they are currently meeting that requirement hoping to fulfill the 3 month condition. About 28 days to go. The fact is, Iraq will always have more than one currency in the country. They will have dinar as the official currency of Iraq and dollars as a currency that comes in from oil sales.
5-21-2018 Newshound Guru MilitiaMan ...we had articles out on 05/09/2018 saying they were having to put off travelers for the Hajj, as the banks in the Iranian region had no currency infrastructure to accommodate the people, yet, today we learn they will be using IQD by this coming Tuesday in that region...Now, if one thinks about it there has been ample time to gear for this to be initiated. The very last of the process may take hours to a few days, but, it is now presently after elections, thus, the process is said to be un-abating, therefore logic suggests the timing is very powerful going forward now.. imo. [post 2 of 2]
5-21-2018 Newshound Guru MilitiaMan Article: "IRANIAN CONSULATES IN IRAQ REPLACE THE DOLLAR WITH DINAR IN ITS DEALING" There is effectively one thing we wait for and that is the RI to complete the process that is underway, imo. That process as of today is proceeding just fine, as we see the very recent call for ceasing of the Multi Currency Practices (MCPs) which is an IMF mandate, whereby now, Iran has given the order to her embassies to cease using the Dollar and use Dinar only. It apparently stems from the USA sanctions imposed on 05/08/2018 in this instance anyway. imo [post 1 of 2....stay tuned]
5-21-2018 Intel Guru Frank26 [via MilitiaMan] Frank26 Quotes: "...THE 3, THE BILLBOARDS, THE BOARDS IN THE BANK AND THE 2ND FINAL ARTICLE…WHAT WE HAVE GIVEN YOU IS THE ULTIMATE..." "...YOU NOW HAVE 3 THINGS THAT YOU KNOW, IMO, THAT WILL SOON BE COMING OUT…IT WILL BE IMO, WITHIN HOURS, TO DAYS THAT THE RI WILL BE OUT...I TOLD YOU TO WAIT FOR THESE BILLBOARDS….I TOLD YOU I WILL SEE YOU ON THE OTHER SIDE" "IMO, THSE 3 THINGS ARE READY!! THEY HAVE BEEN!! THEY ARE BEING PROTECTED TO BE LAUCNCHED WHEN CONDITIONS ARE SUITABLE THESE BILLBOARDS CAN BE PROGRAMMED AT ANY MOMENT, AT ANY TIME WHEN THE CONDITIONS ARE SUITABLE..."
5-21-2018 Newshound/Intel Guru Mnt Goat I told everyone that if I make a mistake I will be the first to admit it openly and freely. So now I am stating that I may have made a mistake on the ending date of the MCP (90 day) audit monitoring by the IMF. What I have learned is that the MCP monitoring did occur but it is not ending until June not the end of March. So the start date I heard was off mid-March which was actually the start date. The date was technically not moved but the process was “restarted” again due to violations. The previous time period the IMF did begin monitoring process however they encountered a violation and has to start the clock all over again. That clock started in mid March. It was not easy to get real-time information on this topic and it was confusing at first. It was finally sorted out. I know this sounds phony and fake news but I assure you this is occurring and is confirmed.
5-21-2018 Newshound/Intel Guru Mnt Goat Just in on Sunday morning - MOQTADA AL-SADR, AGREED TO GIVE PRIME MINISTER HAIDER ABADI A SECOND TERM, DURING THE MEETING THEY HAD JUST GATHERED IN BAGHDAD. ...Folks this is really happening. The unexpected miracle already did happen with the Sadar Movement (the underdogs) having won the popular vote...So for our investment these recent events are all very good and the news could not possibly get any better than if they did announce the RV. But they didn’t however we know it is coming shortly and sooner than you might think... [post 2 of 2]
5-21-2018 Newshound/Intel Guru Mnt Goat The Independent High Electoral Commission announced Saturday the results of the final elections of parliament. We know that Nori al-Malaki is contesting the voting process and demands a recount. The electoral commission has said there is no reason for it and the judiciary has ruled also in favor of the same. So, I do not believe there will be a recount. Remember: 1. the judiciary still has to ratify these results from the electoral commission and so this is part of the 90 day timeline too. 2. The new Parliament members must also be sworn in on the first session of the new Parliament expected to take place on June 1st. So the Sadr Movement had to submit its candidate to lead the country as prime minister shortly afterwards. 3. Parliament must ratify this candidate (give its approval) then the prime minister will have 30 days to put the new government together once this clock starts to tick. Got a total of 90 days to complete this entire process. [post 1 of 2....stay tuned]
5-21-2018 Newshound Guru Kaperoni The truth is MCP has nothing to do with dual currencies, or using one currency over another, it has to do with a spread that exists of more than 2% between the Official Rate and Market Rate. In the case of Iraq, they are currently meeting that requirement hoping to fulfill the 3 month condition. About 28 days to go. The fact is, Iraq will always have more than one currency in the country. They will have dinar as the official currency of Iraq and dollars as a currency that comes in from oil sales.
5-21-2018 Newshound Guru MilitiaMan ...we had articles out on 05/09/2018 saying they were having to put off travelers for the Hajj, as the banks in the Iranian region had no currency infrastructure to accommodate the people, yet, today we learn they will be using IQD by this coming Tuesday in that region...Now, if one thinks about it there has been ample time to gear for this to be initiated. The very last of the process may take hours to a few days, but, it is now presently after elections, thus, the process is said to be un-abating, therefore logic suggests the timing is very powerful going forward now.. imo. [post 2 of 2]
5-21-2018 Newshound Guru MilitiaMan Article: "IRANIAN CONSULATES IN IRAQ REPLACE THE DOLLAR WITH DINAR IN ITS DEALING" There is effectively one thing we wait for and that is the RI to complete the process that is underway, imo. That process as of today is proceeding just fine, as we see the very recent call for ceasing of the Multi Currency Practices (MCPs) which is an IMF mandate, whereby now, Iran has given the order to her embassies to cease using the Dollar and use Dinar only. It apparently stems from the USA sanctions imposed on 05/08/2018 in this instance anyway. imo [post 1 of 2....stay tuned]
5-20-2018 *** Dinar Guru News Election Update *** The election votes are "officially" in. 1st place- Al-Sadr's Block won 54 seats. 2nd place - Hadi al-Amiri's Block (widely considered the Iran block) won 47 seats. 3rd place - PM Abadi's Block won 42 seats. It was a close race with no majority, so a consensus must be made to decide the next Prime Minister. Quote "Al-Sadr himself cannot become prime minister as he did not run in the election.." As several gurus have stated, negotiations between the blocks is underway to compromise on the next Prime Minister. Former PM Maliki's group came in a distant 4th place with twenty something seats. The latest guru updates will continue below...
5-20-2018 Newshound/Intel Guru BGG Folks are constantly wanting a “run down” on where we’re at in this investment…Unfortunately, this is a tough call. ...For instance, until late last night, we were still waiting for the real results to be published by the IHEC. Up until then, everything was speculation. Will Sadr have a much bigger hand in the next GOI? Highly likely. Is he the overall winner? Now we know for sure… but he still needs help. He needs a legitimate coalition. Will Abadi be in the next GOI? Also highly likely. Will he remain as the next PM? Maybe, maybe not. You get what I’m saying. Let this thing play out a little bit... My bet? We have a couple of twists and turns coming real soon. So relax… and even if Abadi isn’t the next PM – RELAX. He may not be the best thing for Iraq’s future. Since you are betting on Iraq and their economy, you want the best for them. As do I.
5-20-2018 Intel Guru Dr. Clarke Followed Up immediately, maybe Sunday the 27th or so, with an OFFICIAL & PUBLIC Substantial Increase in the Dinar, IN THE MONTH OF MAY. Not JUNE, or ANY MONTH THEREAFTER. In, “MAY 2018”. The ONLY thing we’ve ever said about JUNE, is that we are Planning & Choosing to EXCHANGE in the Month of JUNE - Earlier than Later. To make it SIMPLE, this is how we “SEE” it: The NEW, substantially increased Rate (Re-Valued), is Printed PUBLICLY, by the CBI: “MAY 2018” (Latter Days 25-31st) We Plan & Choose, to Exchange in JUNE - Earlier than Later. (Actually, we really really like the 27th & 28th for some reason...and even the 24th possibility, because the 24th, we expect something Very Important to come out.) “IN ANY EVENT - MAY 2018” P.S. HOUSTON, this is NOT a Drill! “THERE ARE NO GUARANTEES IN LIFE. NONE.” We’re EXCITED NOW... [post 3 of 3]
5-20-2018 Intel Guru Dr. Clarke ...You & EVERYONE on the Internet, only “SEE”, what’s printed in the articles coming out, AND thus make all these determinations, based on “VERY LIMITED VISION”. WE’VE BEEN SAYING, “MAY 2018”, since back in our April 4, 2018 POST - FOR A GOOD GOOD REASON! Then, we narrowed it down Even Further, just 4 Days ago in our 5-16-18 POST, by pointing out the Dates of “MAY 25 - 31st, 2018”. TODAY, without going into Detail, we can say this: “If you don’t already have all your Paperwork READY, you better get on it...NOW...We mean get on it, TODAY!” RAMADAN, Tis the Season! We fully expect, just ANY DAY NOW, some very Misleading, Diversionary, “FALSE FLAG “ information to come out in Iraq, in Opposition to an RV...probably between TODAY, and MAY 26th (This Saturday)..."Blow it Off". [post 2 of 3....stay tuned]
5-20-2018 Intel Guru Dr. Clarke This partnership was PLANNED, months ago...
...for Abadi to NOT push an RV BEFORE the Election - But AFTER.
...for Abadi to NOT campaign vigorously, for Re-election.
...for Sadr to “Make it Look Like” a “FORCED RV”, from “God”, for the CBI to move, AFTER the election, once Sadr Publicly picked his PM (Abadi).
* IMPORTANT - (The WORLD will Like & Approve of this, NOW, in this Way.”...especially the RV. [post 1 of 3....stay tuned]
5-20-2018 Intel Guru Frank26 Article: “Abadi meets Sadr in Baghdad .. and confirm the speed in forming the government” YUUUUUUUUUUUUUUP ... (big Grin)... NO WORRIES ABOUT MOSUL ... NO WORRIES ABOUT CH 7 ... NO WORRIES ABOUT THE KURDS ... AND NO WORRIES ABOUT THE ELECTIONS ...
5-20-2018 Newshound Guru Kaperoni There is an interesting article out today that Abadi does not want to be PM for a second term. Some think it's bogus or it could be he does not want to be the one chasing the corrupt. We shall see. There is also an interesting article about the UN and Iraq. It implies that if the US does not get the government it seeks in Iraq it could ask the UNSC to put Iraq back under UN Chapter 7.
5-20-2018 Newshound/Intel Guru BGG Article: "Source reveals the meeting of Abadi and Sadr .. conditional Second Term!" real question is… will Abadi agree? Can he? We’re about to see what’s what…
5-20-2018 Intel Guru Frank26 [via sunny] ...Maliki’s party is contesting the election. A lot of jockeying for power right now in Iraq...Yes, we have a "hiccup" but this will be settled...Last time of the elections, this same thing occurred but the USA told Maliki to stand down. ...Sadr, as far as I’m concerned won. He wants an "all inclusive government" and that's called a democracy. Maliki wants a dictatorship. And that’s not going to happen on Abadi’s watch, Sadr’s watch, Donald Trump’s watch! No! Maliki is dealing with President Donald Trump... Trump will not allow money and oil to be stolen again. The election is on one road and the RI is on another. Iran's banks were just sanctioned and Iraq’s banks would not allow them to participate in their auctions. Corruption needs to be removed to bring you the “suitable conditions” for the RI of the Iraqi dinar...
5-20-2018 Newshound Guru Kaperoni People won't seem to let go of some random act (RV, RI)... I assure you nothing is random in monetary policy. If the dinar is ever going to rise in value, it will be as a result of inflationary pressure created through the CBI's Capital Account. That pressure is created by investors bringing money to Iraq to invest in the economy and rebuild Iraq. These go hand in hand. So what we need is a solid banking system (which they have been working on - which includes Article VIII), a solid government, and laws to support investors (many are passed). If they do these things, investors will come to Iraq.
5-20-2018 Intel Guru Dr. Clarke Followed Up immediately, maybe Sunday the 27th or so, with an OFFICIAL & PUBLIC Substantial Increase in the Dinar, IN THE MONTH OF MAY. Not JUNE, or ANY MONTH THEREAFTER. In, “MAY 2018”. The ONLY thing we’ve ever said about JUNE, is that we are Planning & Choosing to EXCHANGE in the Month of JUNE - Earlier than Later. To make it SIMPLE, this is how we “SEE” it: The NEW, substantially increased Rate (Re-Valued), is Printed PUBLICLY, by the CBI: “MAY 2018” (Latter Days 25-31st) We Plan & Choose, to Exchange in JUNE - Earlier than Later. (Actually, we really really like the 27th & 28th for some reason...and even the 24th possibility, because the 24th, we expect something Very Important to come out.) “IN ANY EVENT - MAY 2018” P.S. HOUSTON, this is NOT a Drill! “THERE ARE NO GUARANTEES IN LIFE. NONE.” We’re EXCITED NOW... [post 3 of 3]
5-20-2018 Intel Guru Dr. Clarke ...You & EVERYONE on the Internet, only “SEE”, what’s printed in the articles coming out, AND thus make all these determinations, based on “VERY LIMITED VISION”. WE’VE BEEN SAYING, “MAY 2018”, since back in our April 4, 2018 POST - FOR A GOOD GOOD REASON! Then, we narrowed it down Even Further, just 4 Days ago in our 5-16-18 POST, by pointing out the Dates of “MAY 25 - 31st, 2018”. TODAY, without going into Detail, we can say this: “If you don’t already have all your Paperwork READY, you better get on it...NOW...We mean get on it, TODAY!” RAMADAN, Tis the Season! We fully expect, just ANY DAY NOW, some very Misleading, Diversionary, “FALSE FLAG “ information to come out in Iraq, in Opposition to an RV...probably between TODAY, and MAY 26th (This Saturday)..."Blow it Off". [post 2 of 3....stay tuned]
5-20-2018 Intel Guru Dr. Clarke This partnership was PLANNED, months ago...
...for Abadi to NOT push an RV BEFORE the Election - But AFTER.
...for Abadi to NOT campaign vigorously, for Re-election.
...for Sadr to “Make it Look Like” a “FORCED RV”, from “God”, for the CBI to move, AFTER the election, once Sadr Publicly picked his PM (Abadi).
* IMPORTANT - (The WORLD will Like & Approve of this, NOW, in this Way.”...especially the RV. [post 1 of 3....stay tuned]
5-20-2018 Intel Guru Frank26 Article: “Abadi meets Sadr in Baghdad .. and confirm the speed in forming the government” YUUUUUUUUUUUUUUP ... (big Grin)... NO WORRIES ABOUT MOSUL ... NO WORRIES ABOUT CH 7 ... NO WORRIES ABOUT THE KURDS ... AND NO WORRIES ABOUT THE ELECTIONS ...
5-20-2018 Newshound Guru Kaperoni There is an interesting article out today that Abadi does not want to be PM for a second term. Some think it's bogus or it could be he does not want to be the one chasing the corrupt. We shall see. There is also an interesting article about the UN and Iraq. It implies that if the US does not get the government it seeks in Iraq it could ask the UNSC to put Iraq back under UN Chapter 7.
5-20-2018 Newshound/Intel Guru BGG Article: "Source reveals the meeting of Abadi and Sadr .. conditional Second Term!" real question is… will Abadi agree? Can he? We’re about to see what’s what…
5-20-2018 Intel Guru Frank26 [via sunny] ...Maliki’s party is contesting the election. A lot of jockeying for power right now in Iraq...Yes, we have a "hiccup" but this will be settled...Last time of the elections, this same thing occurred but the USA told Maliki to stand down. ...Sadr, as far as I’m concerned won. He wants an "all inclusive government" and that's called a democracy. Maliki wants a dictatorship. And that’s not going to happen on Abadi’s watch, Sadr’s watch, Donald Trump’s watch! No! Maliki is dealing with President Donald Trump... Trump will not allow money and oil to be stolen again. The election is on one road and the RI is on another. Iran's banks were just sanctioned and Iraq’s banks would not allow them to participate in their auctions. Corruption needs to be removed to bring you the “suitable conditions” for the RI of the Iraqi dinar...
5-20-2018 Newshound Guru Kaperoni People won't seem to let go of some random act (RV, RI)... I assure you nothing is random in monetary policy. If the dinar is ever going to rise in value, it will be as a result of inflationary pressure created through the CBI's Capital Account. That pressure is created by investors bringing money to Iraq to invest in the economy and rebuild Iraq. These go hand in hand. So what we need is a solid banking system (which they have been working on - which includes Article VIII), a solid government, and laws to support investors (many are passed). If they do these things, investors will come to Iraq.
5-19-2018 Newshound Guru MilitiaMan Article: “The Parliament directs the Commission to take the necessary measures to provide confidence in the elections” The cat is coming out of the bag... Evidence is suggesting the elections are rigged.. No longer doubt but facts. Will the evidence be set aside...? With Al Sadr meeting with the five, I'll bet as we are taught the results will be "" more of a move along nothing left to see here... lol Plus the USA ordering Solameini "" to get out of Iraq finds us with the hicupps subsiding as he crosses back over the border..? it is also obvious the investors are ready to roll when it comes to re construction.. the timeing of it all coming together is fascinating! Even the video WS [Guru Walkingstick] posted has presentation boards in the back drop and advertising those involved!! There was one that stands out to me and if we recall EO 13303, one will know a major player in this project to iraqs MR.. imo.
5-19-2018 Newshound Guru Stryker Iraq election: Al-Abadi will have to negotiate his future...The vote dealt a blow to Prime Minister Haider al-Abadi, whose Nasr alliance is trailing in third place. But with no group winning a majority, he could still be a major player.
5-19-2018 Intel Guru Dr. Clarke [...If you could, would you update us of your thoughts as to the timing of our exchanges (e.g. don't be the 1st mouse, wait a few weeks vs. get in, get out & get on with your life) & any other helpful info? ...] We Choose & Plan, to BEGIN EXCHANGING in JUNE - Earlier, rather than Later. For US, this will work out Best. On our end, NOTHING will be finally decided, until the Substantially Increased Rate Values, are OFFICIALLY PUBLIC. There's MORE IMPORTANT DETAILED information coming, that cannot be known, UNTIL THAT MOMENT, in order to make Final Decisions. In our Personal Experience over the years, in these types of "Big PLANNED Monetary Events"...we choose to NEVER EVER follow the masses...especially in 2018. We Believe, we'll have Plenty of Options, and Plenty of Time, to make those decisions accordingly...with NO WORRIES...
5-19-2018 Intel Guru RayRen98 Reuters: Cleric Moqtada al-Sadr's bloc wins Iraq election (5/18/18). He will not be the PM. Iraqis voted on 12 May to choose their parliamentary representatives. Newly elected lawmakers will nominate a prime minister-designate who will begin the task of forming a government...
5-19-2018 Newshound/Intel Guru Mnt Goat That is the million dollar question... ...Al-Abadi can be nominated and probably will be the nominee submitted to parliament by the “Sadr Movement”. However, having said this, it is very premature...There is no proof of this. All the news states Al-Sadr has to still decide however he is open to it. This is what he really said. Let’s just watch it all play out and see if there are any surprises... [post 2 of 2]
5-19-2018 Newshound/Intel Guru Mnt Goat ...So we all know that Al-Abadi did lose the popular votes, thus he did lose the election, however...Could Al-Abadi be the next PM even though he lost the popular election? ...even though a candidate runs for office and does not win the overall popular vote, he/she can still possibly be nominated as the candidate for the office and, if ratified by parliament, take the duty of forming the next government of Iraq, thus the prime minister position. ...So, in this election process of 2018, we see that Al-Sadr does not want to be prime minister since he is a cleric but wanted to be able to select someone who will fulfill the “Sadr Movement’s” party policies. So, who will he select? [post 1 of 2....stay tuned]
5-19-2018 Newshound Guru Walkingstick Cleric Moqtada al-Sadr's bloc wins Iraq election.
5-19-2018 Newshound Guru Stryker Iraq election: Al-Abadi will have to negotiate his future...The vote dealt a blow to Prime Minister Haider al-Abadi, whose Nasr alliance is trailing in third place. But with no group winning a majority, he could still be a major player.
5-19-2018 Intel Guru Dr. Clarke [...If you could, would you update us of your thoughts as to the timing of our exchanges (e.g. don't be the 1st mouse, wait a few weeks vs. get in, get out & get on with your life) & any other helpful info? ...] We Choose & Plan, to BEGIN EXCHANGING in JUNE - Earlier, rather than Later. For US, this will work out Best. On our end, NOTHING will be finally decided, until the Substantially Increased Rate Values, are OFFICIALLY PUBLIC. There's MORE IMPORTANT DETAILED information coming, that cannot be known, UNTIL THAT MOMENT, in order to make Final Decisions. In our Personal Experience over the years, in these types of "Big PLANNED Monetary Events"...we choose to NEVER EVER follow the masses...especially in 2018. We Believe, we'll have Plenty of Options, and Plenty of Time, to make those decisions accordingly...with NO WORRIES...
5-19-2018 Intel Guru RayRen98 Reuters: Cleric Moqtada al-Sadr's bloc wins Iraq election (5/18/18). He will not be the PM. Iraqis voted on 12 May to choose their parliamentary representatives. Newly elected lawmakers will nominate a prime minister-designate who will begin the task of forming a government...
5-19-2018 Newshound/Intel Guru Mnt Goat That is the million dollar question... ...Al-Abadi can be nominated and probably will be the nominee submitted to parliament by the “Sadr Movement”. However, having said this, it is very premature...There is no proof of this. All the news states Al-Sadr has to still decide however he is open to it. This is what he really said. Let’s just watch it all play out and see if there are any surprises... [post 2 of 2]
5-19-2018 Newshound/Intel Guru Mnt Goat ...So we all know that Al-Abadi did lose the popular votes, thus he did lose the election, however...Could Al-Abadi be the next PM even though he lost the popular election? ...even though a candidate runs for office and does not win the overall popular vote, he/she can still possibly be nominated as the candidate for the office and, if ratified by parliament, take the duty of forming the next government of Iraq, thus the prime minister position. ...So, in this election process of 2018, we see that Al-Sadr does not want to be prime minister since he is a cleric but wanted to be able to select someone who will fulfill the “Sadr Movement’s” party policies. So, who will he select? [post 1 of 2....stay tuned]
5-19-2018 Newshound Guru Walkingstick Cleric Moqtada al-Sadr's bloc wins Iraq election.
5-18-2018 Newshound Guru Kaperoni We all would like to see change sooner than later. The fact is Iraq does nothing fast. At best this fall we could see Article VIII, but I do not expect a significant increase in the exchange rate for several months. Investors are not chomping at the bit to come to Iraq, yet... Remember if Iraq were to raise the value of their currency it is not a random act. It is a reaction to inflationary pressure created by large sums of capital flowing through the Capital Account.
5-18-2018 Newshound Guru MilitiaMan Article: "The Central Bank prevents the entry of an Iraqi bank from the auction of currency after a US decision" Quotes: "The Central Bank of Iraq decided to stop the Islamic Bank of Iraq after the decision of the US Treasury Board." "As the country's nominal bank and its chairman [Aaras Habib Abdul Karim] are listed on the [US Assets Control Bureau] list and based on international agreements [OFAC]" Kinda Boxed em in...Wait or should I say out? ...Once on the OFAC list it has lasting repercussions that are not easy to undo. We all know where Iraq was in time past and yes On the OFAC list, to be no longer.. It took time, security and stability to do that...imo. Yes a very good thing and all part of the squeeze play we see now...imo.
5-18-2018 Newshound Guru Aggiedad77 "The Central Bank prevents the entry of an Iraqi bank from the auction of currency after a US decision" Quote: "The Central Bank of Iraq decided to stop the Islamic Bank of Iraq after the decision of the US Treasury Board." Great strength in cooperation here...at least a cooperative effort from the looks of things...and it shows how the CBI is not taking kindly to how some of these banks are funding questionable operations...under the watchful eye of the UST...good work...IMO.
5-18-2018 Newshound Guru Mnt Goat Article: "IS IRAN IS LOSING ITS INFLUENCE IN IRAQ AFTER MUQTADA AL-SADR'S ELECTION?" Folks is this not exactly what we have been waiting for. Iran’s shrinking influence in Iraq... ...If you know about Sadr’s influence and what he wants for Iraq I would not hesitate to say the elections when VERY WELL for us. We did not get al-Abadi out of the gates, but I believe he may be the nominee put forwards after all the political juggling is completed this week.
5-18-2018 Intel Guru Bruce We do have the ATM machines turned on. We have the lower denomination in there. We had proof today that the military, Kurdistan and other people in Iraq had been paid throughout the country were getting paid with the new rate. ...We still do not know the new rate. We know where the new rate is...We know it is over $4. ...we know the lower denominations are available and the people are using them, and the prices are changing and things are happening. ...we seem to be on the precipice of something major happening...I know certain banks that are lead banks such as HSBC and Wells Fargo are on high red alert to begin. ...We are in the midst of it going down. ...Our turn is coming, and I would bet our turn is coming very shortly. [post 2 of 2]
5-18-2018 Intel Guru Bruce I want to bring you some information that we call Intel that is very excited. We will start with Iraq. We found on Tuesday ...al-Sadr had sort of a majority coalition with him for the vote that took place on Saturday....Yet we also knew that Abadi still was very interested in continuing as Prime Minster of Iraq, but he needed some support ceded from al-Sadr. The deal was al-Sadr was going to do that if Abadi had the RV rate out so that everybody could see it and it was done. He had basically until today [Thursday] according to their agreement to do that. The good news is he did it. The good news is that they will go about setting up their government over the next couple of weeks...and we got this directly from Fallujah today and it was one of our contacts over there...We understand that it was a done deal and that did occur. Abadi will continue as Prime Minister. [post 1 of 2....stay tuned]
5-18-2018 Intel Guru RayRen98 Election results are expected sometime today [Thursday]. Varying reports of election percentages are being labeled as false. Abadi reportedly is NOT in the lead. Payments to the Kurds are reportedly in significant amounts. The Central bank of Iraq signs a MOU with VISA International. Abadi alliance and Sadr alliance are expected to join together. Parliament is holding a special meeting on Saturday to discuss their disfavor with the election results. Hmmmmmm?
5-18-2018 Newshound Guru Kaperoni The CBI stated a year or so ago, once they start it could take 2 years to delete the zeros. What that means is that the dinar will appreciate gradually (float) as stated in the IMF Article IV Consultation. My view is that once the conditions are met, They accept Article VIII, and move to a float, it could take another 2 years to raise the value of the dinar to a value where the zeros are gone. Not saying it will take that long but it is a directly related to investment. This is why the IMF stated the Balassa-Samuelson effect in the 2012 Article IV. The truth is, if investors are lined up to participate in Iraq, it should happen fairly quickly. But it is up to Iraq to create the right environment for the value to rise. At that point all we can do is hope that investors come to Iraq, begin the substantial rebuilding and investment phase creating inflationary pressure on the CBI to raise the value. [post 2 of 2]
5-18-2018 Newshound Guru Kaperoni [What I would like to know...if they will have to wait for the government to be fully seated, of which they have 90 days following the election to do. If so, the wait continues...] Never said when the 3 month IMF compliance was up the CBI would move to Article VIII directly. There are many reasons to not delay, but the CBI must make that decision. If the CBI feels they should wait for formation of the new GOI, yes we could be waiting a bit. I keep telling people there is no RV, RI or any kind of overnight event. The dinar can only appreciate gradually over time. That means a new GOI, stable government is important. Why?...Because a new GOI and stable government will give confidence to investors to bring money/capital into Iraq. This and only this is what will make the dinar appreciate in value. So if your looking for some event, some overnight wealth, the dinar is not for you. [post 1 of 2....stay tuned]
5-18-2018 Newshound Guru MilitiaMan Article: "The Central Bank prevents the entry of an Iraqi bank from the auction of currency after a US decision" Quotes: "The Central Bank of Iraq decided to stop the Islamic Bank of Iraq after the decision of the US Treasury Board." "As the country's nominal bank and its chairman [Aaras Habib Abdul Karim] are listed on the [US Assets Control Bureau] list and based on international agreements [OFAC]" Kinda Boxed em in...Wait or should I say out? ...Once on the OFAC list it has lasting repercussions that are not easy to undo. We all know where Iraq was in time past and yes On the OFAC list, to be no longer.. It took time, security and stability to do that...imo. Yes a very good thing and all part of the squeeze play we see now...imo.
5-18-2018 Newshound Guru Aggiedad77 "The Central Bank prevents the entry of an Iraqi bank from the auction of currency after a US decision" Quote: "The Central Bank of Iraq decided to stop the Islamic Bank of Iraq after the decision of the US Treasury Board." Great strength in cooperation here...at least a cooperative effort from the looks of things...and it shows how the CBI is not taking kindly to how some of these banks are funding questionable operations...under the watchful eye of the UST...good work...IMO.
5-18-2018 Newshound Guru Mnt Goat Article: "IS IRAN IS LOSING ITS INFLUENCE IN IRAQ AFTER MUQTADA AL-SADR'S ELECTION?" Folks is this not exactly what we have been waiting for. Iran’s shrinking influence in Iraq... ...If you know about Sadr’s influence and what he wants for Iraq I would not hesitate to say the elections when VERY WELL for us. We did not get al-Abadi out of the gates, but I believe he may be the nominee put forwards after all the political juggling is completed this week.
5-18-2018 Intel Guru Bruce We do have the ATM machines turned on. We have the lower denomination in there. We had proof today that the military, Kurdistan and other people in Iraq had been paid throughout the country were getting paid with the new rate. ...We still do not know the new rate. We know where the new rate is...We know it is over $4. ...we know the lower denominations are available and the people are using them, and the prices are changing and things are happening. ...we seem to be on the precipice of something major happening...I know certain banks that are lead banks such as HSBC and Wells Fargo are on high red alert to begin. ...We are in the midst of it going down. ...Our turn is coming, and I would bet our turn is coming very shortly. [post 2 of 2]
5-18-2018 Intel Guru Bruce I want to bring you some information that we call Intel that is very excited. We will start with Iraq. We found on Tuesday ...al-Sadr had sort of a majority coalition with him for the vote that took place on Saturday....Yet we also knew that Abadi still was very interested in continuing as Prime Minster of Iraq, but he needed some support ceded from al-Sadr. The deal was al-Sadr was going to do that if Abadi had the RV rate out so that everybody could see it and it was done. He had basically until today [Thursday] according to their agreement to do that. The good news is he did it. The good news is that they will go about setting up their government over the next couple of weeks...and we got this directly from Fallujah today and it was one of our contacts over there...We understand that it was a done deal and that did occur. Abadi will continue as Prime Minister. [post 1 of 2....stay tuned]
5-18-2018 Intel Guru RayRen98 Election results are expected sometime today [Thursday]. Varying reports of election percentages are being labeled as false. Abadi reportedly is NOT in the lead. Payments to the Kurds are reportedly in significant amounts. The Central bank of Iraq signs a MOU with VISA International. Abadi alliance and Sadr alliance are expected to join together. Parliament is holding a special meeting on Saturday to discuss their disfavor with the election results. Hmmmmmm?
5-18-2018 Newshound Guru Kaperoni The CBI stated a year or so ago, once they start it could take 2 years to delete the zeros. What that means is that the dinar will appreciate gradually (float) as stated in the IMF Article IV Consultation. My view is that once the conditions are met, They accept Article VIII, and move to a float, it could take another 2 years to raise the value of the dinar to a value where the zeros are gone. Not saying it will take that long but it is a directly related to investment. This is why the IMF stated the Balassa-Samuelson effect in the 2012 Article IV. The truth is, if investors are lined up to participate in Iraq, it should happen fairly quickly. But it is up to Iraq to create the right environment for the value to rise. At that point all we can do is hope that investors come to Iraq, begin the substantial rebuilding and investment phase creating inflationary pressure on the CBI to raise the value. [post 2 of 2]
5-18-2018 Newshound Guru Kaperoni [What I would like to know...if they will have to wait for the government to be fully seated, of which they have 90 days following the election to do. If so, the wait continues...] Never said when the 3 month IMF compliance was up the CBI would move to Article VIII directly. There are many reasons to not delay, but the CBI must make that decision. If the CBI feels they should wait for formation of the new GOI, yes we could be waiting a bit. I keep telling people there is no RV, RI or any kind of overnight event. The dinar can only appreciate gradually over time. That means a new GOI, stable government is important. Why?...Because a new GOI and stable government will give confidence to investors to bring money/capital into Iraq. This and only this is what will make the dinar appreciate in value. So if your looking for some event, some overnight wealth, the dinar is not for you. [post 1 of 2....stay tuned]
5-17-2018 Intel Guru Footforward I couldn't give a flying whoop if Winnie the Pooh won the election in Iraq. It has absolutely no bearing on the RV. Trump winning was far more important then who "won" in Iraq...Trump winning the election was far more important then any other political outcome... The election that mattered already happened. IMO, the dinar is by far going to be the winner...the dong might revalue... .05, .10 but compared to where the dinar is going to sit...it's not going to even be close to where the ROI is going to come in...the return is massively going to be on the dinar...remember this is not financial advice... Here's what I keep going back to...why would anyone print a currency and have the most security features of any currency on the face of the planet on a worthless currency...that doesn't make any sense...they knew this was going to be worth something.
5-17-2018 Newshound Guru Walkingstick results are not in, any... stating the victor are premature ... Quite a few, red flag challenges... on the counts that have to be addressed... likely, manual count/s of certain polling stations.. although, highly unlikely.. bringing change the outcome.
5-17-2018 Intel Guru Dr. Clarke THEY (UN, IMF, U.S.) just wanted to make sure the “Wind was Blowing in the RIGHT Direction”, i.e.: Abadi, Sadr - vast Majority (Suitable Environment)...and with no major Terrorist uprisings, even during the Elections - which is a Miracle in itself...this has shown the World investors & partners, including World governments, something important about the true Safety & Security of Iraq, in modern day - which is a huge “Positive”, in support of their upcoming Substantial Currency Revalue, Financial & Economic Reform completions. - GIVING EVERYONE A SOLID CONFIDENCE. MAY 25 - 31st. Those are our Dates...“LATER, rather than Sooner” in MAY...AFTER the Election, not BEFORE... “IN ANY EVENT - MAY 2018”... [post 2 of 2]
5-17-2018 Intel Guru Dr. Clarke We...know, that this does NOT have to happen over a Weekend, even though the Last Weekend in MAY, is a 3-Day weekend, here in the U.S. with Memorial Day. That has NOTHING to do with the timing...IN FACT, we like a WEEK DAY, such as Monday May 28th or Tuesday29th...or maybe Thursday the 31st...just as good as any other time...because as you already know, we’re NOT LOGICAL. IRAQ WILL PICK THE RIGHT DAY, and in fact, it’s probably been in Que already, for a very long time...now that they Know, “Which Way the Wind is Blowing”, regarding the imminent new PM & Company...and just to be Clear - EVERYTHING doesn’t have to be Totally Complete government structure-wise or Law-wise... [post 1 of 2....stay tuned]
5-17-2018 Intel/Newshound Guru tman23 Who is going to be the next Iraq PM...The Shi’ite State of Law Coalition has made it clear that current Iraqi Prime Minister Haider al-Abadi is not a candidate running for the second term in the position. Sa’d Matlabi, a leading member of the State of Law Coalition said on Wednesday that Nouri al-Maliki and Hadi Ameri are also not running for the premier’s office.
5-17-2018 Newshound Guru Breitling …as they lower the note count it adds value to the currency you and I have. That’s part of the process of adding value to the currency…What if they actually add more currency to the Iraqi economy? That’s fine. They can add more currency up to a certain point, up to 4 or 5 billion notes and still have value and not hurt us. Why would they do this? I don’t know…
5-17-2018 Newshound Guru Mnt Goat Article: "LONDON NEWSPAPER: AMIRI AND MALIKI REDUCED THE CEILING OF THEIR AMBITIONS AND OFFER TO ABADI THE NEXT PRESIDENCY" ...so we see in this article that the lists are juggling their support towards someone whom they want as prime minister. This is typical after the election and usually takes about a week to do. So hang in their. Even though we have the “formal” election results we still don’t have the “official and final” results. Remember too once all this horse trading is done, that parliament still had to ratify the new prime minister, then he had to form his government. Will all this delay the RV? Nobody knows just how far they are planning to go in seating this new government prior to puling the trigger on the reinstatement.
5-17-2018 Newshound Guru Adam Montana Well, it's that time of year... Ramadan is in full swing and although there's plenty to be watchful of - my opinion is that we won't be seeing an RV during Ramadan. This Ramadan could prove to be an interesting one... as the votes from the recent elections continue to come in, keep in mind that nothing ever gets done "on time" in Iraq (not even Ramadan, which starts late this year...), and we can probably expect some recounts on the recent elections. Abadi may not retain power, which will provide some interesting opportunities in the RV world - there would be a better way for a fresh face to put their Name in the history books and on every headline in the world than by spearheading a long-overdue revaluation of their currency, right?! In spite of Ramadan and a potentially huge change in the political world of Iraq, there is still plenty of positive activity. I won't belabor the issue, but instead will remain watchful and see how things pan out...Stay positive, friends!
5-17-2018 Intel Guru Dr. Clarke THIS IS WHAT WE BELIEVE is on the Plate, and about to Occur: Sometime between May 25 - May 31st, Iraq (CBI) will substantially increase the Value, of their Dinar Currency…and ALL the Floodgates will blow open. (Yes, Ruby Slippers, we believe the VN Dong will also be triggered within 24 hrs. of the Dinar, with a New Substantial Rate Value, as well) There won’t be any Advance Warning...No Special Intel leaked from the CBI, U.S. Treasury, Bankers, printed Articles, Newscasts, Mosque’s...NOTHING. There won’t be any Auctions shutting down right before, or Dealers cutting off Currency sales right before, or ATM’s blinking saying “Stop in tomorrow & pick up your New Lower currency - Get it while it’s Hot!”...NONE of this will happen in Advance...THE RATE WILL JUST CHANGE. ...YES...and Right in the MIDDLE OF RAMADAN. [post 2 of 2]
5-17-2018 Intel Guru Dr. Clarke They will RV - “Revalue” the Dinar, which means they will assign a BRAND NEW SUBSTANTIALLY INCREASED VALUE to it. Actually right now, they change it almost daily anyway, as it fluctuates up & down already, so the words, “Substantial Increase” is the kicker. RI or Reinstatement really isn’t accurate at all, because they are not going back to Anything - especially an EXACT OLD Rate, when it was Devalued by the U.N., IMF sanctions. The only accuracy that RI or Reinstatement might have, is if you want to apply it to, if it’s Officially Internationally Traded and on the World Markets, like BEFORE, PREVIOUSLY - which OFFICIALLY has NOT yet been declared (talked about, but not Official), even though they are UNOFFICIALLY doing some International type things with it quietly, and without Fanfare - FOR A REASON...which the UN & IMF is well aware of, on Purpose, to accomplish more important things, up to this point. This will be a Brand New Rate, that perhaps has NEVER been seen before - qualifying as an RV or Revalued number...one thing is certain - NOW, THE MONEY CAN FLOW. [post 1 of 2....stay tuned]
5-17-2018 Intel Guru Bluwolf ...There are no delays coming out of no agency of government, nothing from our President nor from his Congress nor Senate. Nothing from the Pentagon or the military. This is a FACT...
5-17-2018 Newshound Guru Walkingstick results are not in, any... stating the victor are premature ... Quite a few, red flag challenges... on the counts that have to be addressed... likely, manual count/s of certain polling stations.. although, highly unlikely.. bringing change the outcome.
5-17-2018 Intel Guru Dr. Clarke THEY (UN, IMF, U.S.) just wanted to make sure the “Wind was Blowing in the RIGHT Direction”, i.e.: Abadi, Sadr - vast Majority (Suitable Environment)...and with no major Terrorist uprisings, even during the Elections - which is a Miracle in itself...this has shown the World investors & partners, including World governments, something important about the true Safety & Security of Iraq, in modern day - which is a huge “Positive”, in support of their upcoming Substantial Currency Revalue, Financial & Economic Reform completions. - GIVING EVERYONE A SOLID CONFIDENCE. MAY 25 - 31st. Those are our Dates...“LATER, rather than Sooner” in MAY...AFTER the Election, not BEFORE... “IN ANY EVENT - MAY 2018”... [post 2 of 2]
5-17-2018 Intel Guru Dr. Clarke We...know, that this does NOT have to happen over a Weekend, even though the Last Weekend in MAY, is a 3-Day weekend, here in the U.S. with Memorial Day. That has NOTHING to do with the timing...IN FACT, we like a WEEK DAY, such as Monday May 28th or Tuesday29th...or maybe Thursday the 31st...just as good as any other time...because as you already know, we’re NOT LOGICAL. IRAQ WILL PICK THE RIGHT DAY, and in fact, it’s probably been in Que already, for a very long time...now that they Know, “Which Way the Wind is Blowing”, regarding the imminent new PM & Company...and just to be Clear - EVERYTHING doesn’t have to be Totally Complete government structure-wise or Law-wise... [post 1 of 2....stay tuned]
5-17-2018 Intel/Newshound Guru tman23 Who is going to be the next Iraq PM...The Shi’ite State of Law Coalition has made it clear that current Iraqi Prime Minister Haider al-Abadi is not a candidate running for the second term in the position. Sa’d Matlabi, a leading member of the State of Law Coalition said on Wednesday that Nouri al-Maliki and Hadi Ameri are also not running for the premier’s office.
5-17-2018 Newshound Guru Breitling …as they lower the note count it adds value to the currency you and I have. That’s part of the process of adding value to the currency…What if they actually add more currency to the Iraqi economy? That’s fine. They can add more currency up to a certain point, up to 4 or 5 billion notes and still have value and not hurt us. Why would they do this? I don’t know…
5-17-2018 Newshound Guru Mnt Goat Article: "LONDON NEWSPAPER: AMIRI AND MALIKI REDUCED THE CEILING OF THEIR AMBITIONS AND OFFER TO ABADI THE NEXT PRESIDENCY" ...so we see in this article that the lists are juggling their support towards someone whom they want as prime minister. This is typical after the election and usually takes about a week to do. So hang in their. Even though we have the “formal” election results we still don’t have the “official and final” results. Remember too once all this horse trading is done, that parliament still had to ratify the new prime minister, then he had to form his government. Will all this delay the RV? Nobody knows just how far they are planning to go in seating this new government prior to puling the trigger on the reinstatement.
5-17-2018 Newshound Guru Adam Montana Well, it's that time of year... Ramadan is in full swing and although there's plenty to be watchful of - my opinion is that we won't be seeing an RV during Ramadan. This Ramadan could prove to be an interesting one... as the votes from the recent elections continue to come in, keep in mind that nothing ever gets done "on time" in Iraq (not even Ramadan, which starts late this year...), and we can probably expect some recounts on the recent elections. Abadi may not retain power, which will provide some interesting opportunities in the RV world - there would be a better way for a fresh face to put their Name in the history books and on every headline in the world than by spearheading a long-overdue revaluation of their currency, right?! In spite of Ramadan and a potentially huge change in the political world of Iraq, there is still plenty of positive activity. I won't belabor the issue, but instead will remain watchful and see how things pan out...Stay positive, friends!
5-17-2018 Intel Guru Dr. Clarke THIS IS WHAT WE BELIEVE is on the Plate, and about to Occur: Sometime between May 25 - May 31st, Iraq (CBI) will substantially increase the Value, of their Dinar Currency…and ALL the Floodgates will blow open. (Yes, Ruby Slippers, we believe the VN Dong will also be triggered within 24 hrs. of the Dinar, with a New Substantial Rate Value, as well) There won’t be any Advance Warning...No Special Intel leaked from the CBI, U.S. Treasury, Bankers, printed Articles, Newscasts, Mosque’s...NOTHING. There won’t be any Auctions shutting down right before, or Dealers cutting off Currency sales right before, or ATM’s blinking saying “Stop in tomorrow & pick up your New Lower currency - Get it while it’s Hot!”...NONE of this will happen in Advance...THE RATE WILL JUST CHANGE. ...YES...and Right in the MIDDLE OF RAMADAN. [post 2 of 2]
5-17-2018 Intel Guru Dr. Clarke They will RV - “Revalue” the Dinar, which means they will assign a BRAND NEW SUBSTANTIALLY INCREASED VALUE to it. Actually right now, they change it almost daily anyway, as it fluctuates up & down already, so the words, “Substantial Increase” is the kicker. RI or Reinstatement really isn’t accurate at all, because they are not going back to Anything - especially an EXACT OLD Rate, when it was Devalued by the U.N., IMF sanctions. The only accuracy that RI or Reinstatement might have, is if you want to apply it to, if it’s Officially Internationally Traded and on the World Markets, like BEFORE, PREVIOUSLY - which OFFICIALLY has NOT yet been declared (talked about, but not Official), even though they are UNOFFICIALLY doing some International type things with it quietly, and without Fanfare - FOR A REASON...which the UN & IMF is well aware of, on Purpose, to accomplish more important things, up to this point. This will be a Brand New Rate, that perhaps has NEVER been seen before - qualifying as an RV or Revalued number...one thing is certain - NOW, THE MONEY CAN FLOW. [post 1 of 2....stay tuned]
5-17-2018 Intel Guru Bluwolf ...There are no delays coming out of no agency of government, nothing from our President nor from his Congress nor Senate. Nothing from the Pentagon or the military. This is a FACT...
5-16-2018 Intel Guru Dr. Clarke When the CBI a few weeks ago, said they were “Ready & just waiting for a SUITABLE ENVIRONMENT” ...What the CBI TRULY MEANT, was “We need to wait and MAKE SURE the right Prime Minister & his Groups - his PEEPS - is in Place, BEFORE we Publicly & Officially change the currency.”...all because the UN, IMF & U.S. made sure of it. They do not want another Saddam Hussein disaster, which could otherwise escalate very rapidly, with one of the OTHER candidates making Prime Minister in power, bringing strong Iranian influence into their future. This had to be GUARANTEED NOT TO HAPPEN - ONLY AFTER THE ELECTION - NOT BEFORE...and NO, the Election was NOT Rigged. They already knew the overwhelming sentiment and direction things were heading...Waaaaaay IN ADVANCE. [post 2 of 2]
5-16-2018 Intel Guru Dr. Clarke ...We said over a month ago many times, that Iraq would NOT substantially raise the value of the Dinar Officially & Publicly, BEFORE the Elections...We’ve also been telling you the HUGE IMPORTANCE of North Korea... Now, you SEE...WHY it’s so important in you getting paid SUBSTANTIALLY, on your Currency Investment, with Iraq & Vietnam. REGIONAL PEACE, especially in the Far East, affects your Vietnam Dong currency, as well as, China, and the connections both China & N. Korea have to ISIS, Iran & Syria in the Middle East REGIONS. Do you “SEE” yet? [post 1 of 2....stay tuned]
5-16-2018 Intel Guru RayRen98 On Monday I said we should see the RV by Friday, but we were expected a release on Monday. Now I really think it will be out by Friday. I don’t understand it all, unless that was the plan to start with. I’d think there is some reason Abadi took the chance, but in any case Abadi is still the PM until 1. July, and he can ask the CBI to release the new rate at any time. The government still operates during Ramadan, so I don’t think that’s an issue. There is nothing holding this back: no laws are needed, Article 140 is not really relevant, and so we are just waiting. [post 2 of 2]
5-16-2018 Intel Guru RayRen98 [via Adept1] ...the official announcement from the Iraqi election will be tomorrow, Thursday, because they are still counting overseas ballots. ...They say that Sadr is first in the count, but they also say not to believe any rumors. Essentially, nothing has happened and nothing will happen until after that count. Sadr says that he doesn’t want to be PM, and he will talk to anyone (although he has been backing Abadi for the last few months). Sadr does have some conditions, and nobody knows what they are yet. Abadi has already said he is going after the corrupt, so that probably won’t be one of the conditions. The only condition I think Sadr can make is the timeframe of the RV, because Abadi is already doing everything else Sadr is likely to ask for. So we are not concerned until the official numbers and the conditions are announced. Then we’ll probably know how much longer we have to wait. I haven’t heard anything from Iraq or from the US banks – everyone is waiting. [post 1 of 2....stay tuned]
5-16-2018 Newshound Guru Mnt Goat WOW! What a week shaping up after the Iraqi elections. An unexpected candidate once again makes it to the top. ...So the results are in from the “formal” election process: the “Sadrist movement” will get to nominate the next prime minister under Al-Sadr’s terms. Now we have to move towards the final “official” results which could take a week or more. ...How likely is it that Al-Abadi will be the next prime minister? ...We...know that these men have been meeting and al-Sadr has been campaigning for al-Abadi. But we don’t know if this was actually a well thought out plan or it is just turning out that way. ...What difference does it make as long as al-Abadi gets back in to power. I think this will happen...
5-16-2018 Newshound Guru Breitling …So what does Iraq have an advantage over Iran? The whole world has access to its [Iraq's] energy and they have access to the whole world’s energy. So why wouldn’t they [Iran] want to participate in Iraq’s economy? So kind of a blessing in disguise…That’s how Iran plans on using Iraq as a backdoor way to get access to whatever it is they need and get away with and get access to US dollars. [post 2 of 2]
5-16-2018 Newshound Guru Stryker Abadi still has time to shine these next few weeks, and gain his second term along the way!
5-16-2018 Newshound Guru Breitling What does it [Iran sanctions] mean for Iraq? …as the new sanctions come up…the rest of the world will not have access to Iran’s energy sources and they [Iran] will not have access to most of the world’s energy sources. So how does that translate for Iraq? How is Iraq involved? Because If you look at Iran, Iran is Shia…so they belong to a different church than the Sunni and the Arabs…If there’s going to be big huge sanctions on Iran they are going to use the same backdoor market that they did last time before the sanctions were lifted. And guess what that backdoor market was? Iraq. Because there are more Shia in Iraq than there are Sunni and Kurds. That’s why it’s a good thing for Iraq… [Post 1 of 2]
5-16-2018 Intel Guru Bruce The morning of the voting...the Baghdad Province billboards were revealed. They were exposed where people could see that the dinar had value and they could see the value of it before they voted. So they knew under Abadi the dinar had revalued...Also at that time which was Sunday, the first business day of the week over there, they were able to begin to use the ATM machines, and see the lower denominations and have it up and running. Where that was sort of the big reveal so the people would know the value and the rate in country, evidently it still hasn’t been put out for the international world to know it yet...We know what the rate is. We know that all the rates populated back on the screens as of Sunday night on the bank screens. ...We are ready to get started. ...We are in the process now of waiting for our turn again. ...It is quite possible we can go anytime in the next couple of days...We are not trying to call it. I am just trying to say it seems based on everything I am getting we are finally ready. [post 2 of 2]
5-16-2018 Intel Guru Bruce ...there is some real interesting stuff...going on in Iraq over the last 4 or 5 days. Their election for Prime Minister was Saturday. ...about...4 days prior to the Election Day, they were busy, the military and some of the other people who were chosen, to help set up billboards and increased the number of billboards in Iraq ...and they added a number of digital billboards to that number and came up with just under 8,000 total. You say So What. What was on the digital billboards was pictures of the lower denominations and ...they also had a rate of the dinar as compared to the US Dollar....whether it was a 5, 10, 20, etc....It had a relative value in US Dollars. So someone could look up and say Hey, we got a new value for our dinar and there it is and it is compared to the US Dollar. [post 1 of 2....stay tuned]
5-16-2018 Newshound Guru Walkingstick [via sunny] ...In place, In place, In place...have been.” What? The electronic boards. ...They will be inside financial institutions and outside in Iraq hanging all over the place. These are two separate things. The billboards and the electronic boards are both for the citizens. Billboards will be outside everywhere and the others, presentation boards, inside financial institutions...Will educate the citizens about the smaller notes.
5-16-2018 Intel Guru Dr. Clarke ...We said over a month ago many times, that Iraq would NOT substantially raise the value of the Dinar Officially & Publicly, BEFORE the Elections...We’ve also been telling you the HUGE IMPORTANCE of North Korea... Now, you SEE...WHY it’s so important in you getting paid SUBSTANTIALLY, on your Currency Investment, with Iraq & Vietnam. REGIONAL PEACE, especially in the Far East, affects your Vietnam Dong currency, as well as, China, and the connections both China & N. Korea have to ISIS, Iran & Syria in the Middle East REGIONS. Do you “SEE” yet? [post 1 of 2....stay tuned]
5-16-2018 Intel Guru RayRen98 On Monday I said we should see the RV by Friday, but we were expected a release on Monday. Now I really think it will be out by Friday. I don’t understand it all, unless that was the plan to start with. I’d think there is some reason Abadi took the chance, but in any case Abadi is still the PM until 1. July, and he can ask the CBI to release the new rate at any time. The government still operates during Ramadan, so I don’t think that’s an issue. There is nothing holding this back: no laws are needed, Article 140 is not really relevant, and so we are just waiting. [post 2 of 2]
5-16-2018 Intel Guru RayRen98 [via Adept1] ...the official announcement from the Iraqi election will be tomorrow, Thursday, because they are still counting overseas ballots. ...They say that Sadr is first in the count, but they also say not to believe any rumors. Essentially, nothing has happened and nothing will happen until after that count. Sadr says that he doesn’t want to be PM, and he will talk to anyone (although he has been backing Abadi for the last few months). Sadr does have some conditions, and nobody knows what they are yet. Abadi has already said he is going after the corrupt, so that probably won’t be one of the conditions. The only condition I think Sadr can make is the timeframe of the RV, because Abadi is already doing everything else Sadr is likely to ask for. So we are not concerned until the official numbers and the conditions are announced. Then we’ll probably know how much longer we have to wait. I haven’t heard anything from Iraq or from the US banks – everyone is waiting. [post 1 of 2....stay tuned]
5-16-2018 Newshound Guru Mnt Goat WOW! What a week shaping up after the Iraqi elections. An unexpected candidate once again makes it to the top. ...So the results are in from the “formal” election process: the “Sadrist movement” will get to nominate the next prime minister under Al-Sadr’s terms. Now we have to move towards the final “official” results which could take a week or more. ...How likely is it that Al-Abadi will be the next prime minister? ...We...know that these men have been meeting and al-Sadr has been campaigning for al-Abadi. But we don’t know if this was actually a well thought out plan or it is just turning out that way. ...What difference does it make as long as al-Abadi gets back in to power. I think this will happen...
5-16-2018 Newshound Guru Breitling …So what does Iraq have an advantage over Iran? The whole world has access to its [Iraq's] energy and they have access to the whole world’s energy. So why wouldn’t they [Iran] want to participate in Iraq’s economy? So kind of a blessing in disguise…That’s how Iran plans on using Iraq as a backdoor way to get access to whatever it is they need and get away with and get access to US dollars. [post 2 of 2]
5-16-2018 Newshound Guru Stryker Abadi still has time to shine these next few weeks, and gain his second term along the way!
5-16-2018 Newshound Guru Breitling What does it [Iran sanctions] mean for Iraq? …as the new sanctions come up…the rest of the world will not have access to Iran’s energy sources and they [Iran] will not have access to most of the world’s energy sources. So how does that translate for Iraq? How is Iraq involved? Because If you look at Iran, Iran is Shia…so they belong to a different church than the Sunni and the Arabs…If there’s going to be big huge sanctions on Iran they are going to use the same backdoor market that they did last time before the sanctions were lifted. And guess what that backdoor market was? Iraq. Because there are more Shia in Iraq than there are Sunni and Kurds. That’s why it’s a good thing for Iraq… [Post 1 of 2]
5-16-2018 Intel Guru Bruce The morning of the voting...the Baghdad Province billboards were revealed. They were exposed where people could see that the dinar had value and they could see the value of it before they voted. So they knew under Abadi the dinar had revalued...Also at that time which was Sunday, the first business day of the week over there, they were able to begin to use the ATM machines, and see the lower denominations and have it up and running. Where that was sort of the big reveal so the people would know the value and the rate in country, evidently it still hasn’t been put out for the international world to know it yet...We know what the rate is. We know that all the rates populated back on the screens as of Sunday night on the bank screens. ...We are ready to get started. ...We are in the process now of waiting for our turn again. ...It is quite possible we can go anytime in the next couple of days...We are not trying to call it. I am just trying to say it seems based on everything I am getting we are finally ready. [post 2 of 2]
5-16-2018 Intel Guru Bruce ...there is some real interesting stuff...going on in Iraq over the last 4 or 5 days. Their election for Prime Minister was Saturday. ...about...4 days prior to the Election Day, they were busy, the military and some of the other people who were chosen, to help set up billboards and increased the number of billboards in Iraq ...and they added a number of digital billboards to that number and came up with just under 8,000 total. You say So What. What was on the digital billboards was pictures of the lower denominations and ...they also had a rate of the dinar as compared to the US Dollar....whether it was a 5, 10, 20, etc....It had a relative value in US Dollars. So someone could look up and say Hey, we got a new value for our dinar and there it is and it is compared to the US Dollar. [post 1 of 2....stay tuned]
5-16-2018 Newshound Guru Walkingstick [via sunny] ...In place, In place, In place...have been.” What? The electronic boards. ...They will be inside financial institutions and outside in Iraq hanging all over the place. These are two separate things. The billboards and the electronic boards are both for the citizens. Billboards will be outside everywhere and the others, presentation boards, inside financial institutions...Will educate the citizens about the smaller notes.
5-15-2018 *** Dinar Guru News Update *** It appears a similar election day surprise upset has happened in Iraq as it had in the United States, England and other places around the world...it's a bit of a wild card at the moment so no one knows if this will have a positive or negative impact on the dinar. This new parliament will ultimately determine the next Prime Minister of Iraq. Obviously, this is an important election as it will determine the direction of the country and the dinar. Stay tuned as the gurus chime in on how these surprise results will play out. The latest guru updates will continue below...
5-15-2018 Newshound Guru chattels 30 days remaining to meet IMF compliance according to Kap's [Guru Kaperoni] countdown. Coincidentally that date will coincide with the Eid al-Fitr Holiday and the end of Ramadan...
5-15-2018 Newshound Guru Kaperoni Our unofficial IMF compliance countdown clock for the 2% compliance is now at 30 days to go.
5-15-2018 Intel Guru Frank26 There will be electronic boards inside of the banks and exchange centers in Iraq that will be educating the citizens about the lower notes with descriptions and photographs. “There will be three things, billboards, electronic boards and the second and final article. Iraq is now taking every step Turkmanistan made when they RV’d their currency. It will be hours to days for the reinstatement release when these three entities are out. All to come soon, IMO! I pray it is next Monday. When the conditions are suitable for these three things and IMO...these three things are ready. These three things are ready! They have been. Realize that these electric billboards were made months ago IMO. They can be programmed at any moment, at any time when the conditions are suitable.”
5-15-2018 Newshound Guru G-Lin Sadr in charge and Maliki is probably on the run. Should get interesting. ...I've always said there is only one person that can go toe to toe with Maliki and that's Sadr. This also is a blow to Iran. Also U.S. will have some resistance. Sadr hates us. But if Sadr, Abadi, Kurds, and Sunnis can come together, it should look like a totally different Iraq. There were arts. out yesterday saying Maliki had high tailed it out of town to Iran. That could be propaganda, who knows. But I bet he is a little bit jumpy. If he doesn't have a place in Parl., he will loose his immunity. Hello interpol.
5-15-2018 Intel Guru Frank26 Sadr is not in favor of the USA...BUT, IMO Sadr darn well knows that Iraq, the ME and he needs the United States. I don’t think you’ll see him reject Abadi or the United States. The reality of the US in the ME is vital. Sadr knows this. He knows he needs the US to rid Iraq of the parasitical influence of Iran. Sadr likes Abadi. And now with no Maliki, no political power on Maliki’s side, the parliamentary seats will be in favor of Sadr. Sadr knows Abadi is accepted well both regionally, internationally and by the people of Iraq. That Abadi is the perfect person for him to endorse. [post 2 of 2]
5-15-2018 Intel Guru Frank26 [via sunny] Sadr and Abadi are the perfect combination to establish a new government and the citizens know so. ...Sadr is a holy man. He supports Abadi. ...Abadi is IMO going to be seated as the Prime Minister. Abadi said he had no incentive to campaign and run. Of course not, they knew what was going to happen. Sadr is happy to see Maliki shot down by the citizens of Iraq. ...Maliki has become an innate drone to...his party...Iraq. He’s useless. [post 1 of 2....stay tuned]
5-15-2018 Newshound Guru Breitling On the elections that they had in Iraq and what does it mean. Who won and how does it play with the revaluation of the Iraqi dinar? Well it doesn’t at all. So what would you look at to figure all this out? What are the main parties they have in Iraq? You have a couple main parties but in the end it is Sunni and Shia and the Sunni and Shia both want the revaluation of the Iraqi Dinar. If you look at what laws and what they need to do and what’s in place, it goes from the Ministry of Planning, The ministry of Finance to the Central Bank of Iraq. And none of that has changed. None of that power structure and what it is they want has changed. So now we’re back at looking at the markets and what Iraq can do..
5-15-2018 Newshound Guru chattels These are the steps to form the next Iraqi government...[continued:]
- Parliament elects a new president by a two-thirds majority of deputies within 30 days of the first meeting.
- The new president nominates the candidate of the largest bloc in parliament to form a government.
- The prime minister-designate shall have 30 days to form the government and submit it to parliament for approval.
- Parliament must approve the government program and each minister separately in a separate vote by an absolute If the prime minister-designate fails to form a coalition government within 30 days or if parliament rejects the government proposed by the prime minister-designate, the president must appoint another candidate to form a government within 15 days. [post 2 of 2]
5-15-2018 Newshound Guru chattels These are the steps to form the next Iraqi government... "Basnews: According to the Constitution...The Iraqi parliamentary elections, which took place yesterday, have followed the steps of forming the new government within 90 days. The steps in accordance with the Iraqi constitution will be as follows:
- The Independent High Electoral Commission (IHEC) will announce the election results on Monday.
- President Fuad Masum calls on the new parliament to convene within 15 days of announcing the results.
- Legislators elect a speaker and two deputies by an absolute majority at the first meeting. [post 1 of 2....stay tuned]
5-15-2018 Newshound/Intel Guru Mnt Goat Once the new Prime Minister is selected and all is deemed legal, the prime minister-designate has 30 days to put together a cabinet and present it to parliament for approval. *Parliament must approve the government program and each individual minister in separate absolute majority votes. If the prime minister-designate fails to put together a governing coalition after 30 days, or if parliament rejects the prime minister designates proposed cabinet, the president must nominate another candidate within 15 days.
5-15-2018 Newshound Guru Whitelions ...I see Sadr's party won this should start to get good. ...I did catch the BBC news and it is reporting that Sadr's block won... now we wait ...he may shake things way up and appoint some one no one has ever heard of. Sadr does not like the US or Iran having any say in Iraq but he does like what is going on in Saudi Arabia which is great for the reform, I think he will choose Abadi for PM BUT he has always been a horse of a different color so we wait...
5-15-2018 Newshound Guru Kaperoni Our unofficial IMF compliance countdown clock for the 2% compliance is now at 30 days to go.
5-15-2018 Intel Guru Frank26 There will be electronic boards inside of the banks and exchange centers in Iraq that will be educating the citizens about the lower notes with descriptions and photographs. “There will be three things, billboards, electronic boards and the second and final article. Iraq is now taking every step Turkmanistan made when they RV’d their currency. It will be hours to days for the reinstatement release when these three entities are out. All to come soon, IMO! I pray it is next Monday. When the conditions are suitable for these three things and IMO...these three things are ready. These three things are ready! They have been. Realize that these electric billboards were made months ago IMO. They can be programmed at any moment, at any time when the conditions are suitable.”
5-15-2018 Newshound Guru G-Lin Sadr in charge and Maliki is probably on the run. Should get interesting. ...I've always said there is only one person that can go toe to toe with Maliki and that's Sadr. This also is a blow to Iran. Also U.S. will have some resistance. Sadr hates us. But if Sadr, Abadi, Kurds, and Sunnis can come together, it should look like a totally different Iraq. There were arts. out yesterday saying Maliki had high tailed it out of town to Iran. That could be propaganda, who knows. But I bet he is a little bit jumpy. If he doesn't have a place in Parl., he will loose his immunity. Hello interpol.
5-15-2018 Intel Guru Frank26 Sadr is not in favor of the USA...BUT, IMO Sadr darn well knows that Iraq, the ME and he needs the United States. I don’t think you’ll see him reject Abadi or the United States. The reality of the US in the ME is vital. Sadr knows this. He knows he needs the US to rid Iraq of the parasitical influence of Iran. Sadr likes Abadi. And now with no Maliki, no political power on Maliki’s side, the parliamentary seats will be in favor of Sadr. Sadr knows Abadi is accepted well both regionally, internationally and by the people of Iraq. That Abadi is the perfect person for him to endorse. [post 2 of 2]
5-15-2018 Intel Guru Frank26 [via sunny] Sadr and Abadi are the perfect combination to establish a new government and the citizens know so. ...Sadr is a holy man. He supports Abadi. ...Abadi is IMO going to be seated as the Prime Minister. Abadi said he had no incentive to campaign and run. Of course not, they knew what was going to happen. Sadr is happy to see Maliki shot down by the citizens of Iraq. ...Maliki has become an innate drone to...his party...Iraq. He’s useless. [post 1 of 2....stay tuned]
5-15-2018 Newshound Guru Breitling On the elections that they had in Iraq and what does it mean. Who won and how does it play with the revaluation of the Iraqi dinar? Well it doesn’t at all. So what would you look at to figure all this out? What are the main parties they have in Iraq? You have a couple main parties but in the end it is Sunni and Shia and the Sunni and Shia both want the revaluation of the Iraqi Dinar. If you look at what laws and what they need to do and what’s in place, it goes from the Ministry of Planning, The ministry of Finance to the Central Bank of Iraq. And none of that has changed. None of that power structure and what it is they want has changed. So now we’re back at looking at the markets and what Iraq can do..
5-15-2018 Newshound Guru chattels These are the steps to form the next Iraqi government...[continued:]
- Parliament elects a new president by a two-thirds majority of deputies within 30 days of the first meeting.
- The new president nominates the candidate of the largest bloc in parliament to form a government.
- The prime minister-designate shall have 30 days to form the government and submit it to parliament for approval.
- Parliament must approve the government program and each minister separately in a separate vote by an absolute If the prime minister-designate fails to form a coalition government within 30 days or if parliament rejects the government proposed by the prime minister-designate, the president must appoint another candidate to form a government within 15 days. [post 2 of 2]
5-15-2018 Newshound Guru chattels These are the steps to form the next Iraqi government... "Basnews: According to the Constitution...The Iraqi parliamentary elections, which took place yesterday, have followed the steps of forming the new government within 90 days. The steps in accordance with the Iraqi constitution will be as follows:
- The Independent High Electoral Commission (IHEC) will announce the election results on Monday.
- President Fuad Masum calls on the new parliament to convene within 15 days of announcing the results.
- Legislators elect a speaker and two deputies by an absolute majority at the first meeting. [post 1 of 2....stay tuned]
5-15-2018 Newshound/Intel Guru Mnt Goat Once the new Prime Minister is selected and all is deemed legal, the prime minister-designate has 30 days to put together a cabinet and present it to parliament for approval. *Parliament must approve the government program and each individual minister in separate absolute majority votes. If the prime minister-designate fails to put together a governing coalition after 30 days, or if parliament rejects the prime minister designates proposed cabinet, the president must nominate another candidate within 15 days.
5-15-2018 Newshound Guru Whitelions ...I see Sadr's party won this should start to get good. ...I did catch the BBC news and it is reporting that Sadr's block won... now we wait ...he may shake things way up and appoint some one no one has ever heard of. Sadr does not like the US or Iran having any say in Iraq but he does like what is going on in Saudi Arabia which is great for the reform, I think he will choose Abadi for PM BUT he has always been a horse of a different color so we wait...
5-14-2018 Newshound Guru Kaperoni Just a reminder to all, that Prime Minister is not an elected position. It is a consensus among political blocs after the election. So we are in for a bit of a wait while negotiations and alliances are formed.
5-14-2018 Intel Guru RayRen98 ...Not all the little tier two and tier three banks can do exchanges on this level. Any bank that already deals with foreign currency will have those rates on their screens as soon as this goes. We were told only Wells Fargo and Bank of America will do the exchanges from day one...
5-14-2018 Newshound/Intel Guru Mnt Goat We know that the religious cleric al-Sadr does not want to run the country as prime minister. He ran for office in a political gesture in order to take votes away from the other alliances. So Al-Sadr seems to have been successful in his tactic to hoard the votes and so now his bloc may get to choose the next prime minister. We suspect that al-Sadr will do this, but he has not yet made his announcement so it is not yet over until it’s over. So hang and in and let’s see how this all plays out today. I repeat it is not yet all official. The judiciary still must also ratify the results to ensure nothing is fishy and all is proper. [post 2 of 2]
5-14-2018 Newshound/Intel Guru Mnt Goat The Iraq elections are over. As we all should know the parliamentary elections were supposed to be run last November 2017, but due to ISIS they were postponed and combined with the presidential elections (Prime minister, speaker and president) on May12th. So far with most votes counted, a bloc headed by cleric Moqtada al-Sadr and another led by a militia leader are ahead, voting officials are quoted as saying. They suggest Mr Abadi's governing alliance is running third. So did former PM Abadi win the elections? We do not yet know for sure. But I would say no. I am hearing his alliance by itself did not win however the way the election works, al-Abadi might still get to serve a second term and be appointed prime minister. This may be done by combining votes to the winning bloc. The winning bloc decides the candidate who will actually be the prime minister. [post 1 of 2....stay tuned]
5-14-2018 Newshound Guru Don961 [...I've read through 70 plus articles, a number of them containing conflicting information...] ...until the official final word from the Official Election Commission is made known ... all the other stuff matters not ... imo.
5-14-2018 Newshound/Intel Guru Mnt Goat So the elections are over, we did not get the reinstatement prior to elections just as I told everyone would NOT happen. So now the new the government is not yet formed. The big question is this - Will the CBI wait the entire 90 day process of forming the government (August) before moving to reinstate the currency? We don’t know and I am not going to guess. I will tell you what I do know for FACT. The CBI told us they will keep us informed along the process of the project to delete the zeros. So I suspect that now that the elections are over we will get some kind of update from the CBI on where this project now stands. All we can do is wait and watch.
5-14-2018 Newshound Guru chattels Mosul, the second largest city in Iraq has yet to indicate any returns from the polls. Abadi was expected to show well in Mosul / Nineveh, we shall see.
5-14-2018 Newshound Guru Kaperoni It looks like PM al-Abadi's bloc has come in first and will stay PM. This is preliminary of course.
5-14-2018 Newshound Guru chattels The news reports are confusing and somewhat conflicted. My best take on the results is that Abadi has about 60 seats and Sadr 51.
5-14-2018 Newshound Guru Kaperoni Looks PM al-Abadi's political bloc is leading the elections. Let's hope so as this will give us the quickest formation of a new government and continued motivation to make economic changes. Some people do not understand the significance of the elections, a government with the same directive and motivation for change along with proven stability is critical for investor confidence. Remember, confidence is what will drive the dinars value up. A lack of will cause reluctance and a hesitance from investors.
5-14-2018 Intel Guru RayRen98 ...Not all the little tier two and tier three banks can do exchanges on this level. Any bank that already deals with foreign currency will have those rates on their screens as soon as this goes. We were told only Wells Fargo and Bank of America will do the exchanges from day one...
5-14-2018 Newshound/Intel Guru Mnt Goat We know that the religious cleric al-Sadr does not want to run the country as prime minister. He ran for office in a political gesture in order to take votes away from the other alliances. So Al-Sadr seems to have been successful in his tactic to hoard the votes and so now his bloc may get to choose the next prime minister. We suspect that al-Sadr will do this, but he has not yet made his announcement so it is not yet over until it’s over. So hang and in and let’s see how this all plays out today. I repeat it is not yet all official. The judiciary still must also ratify the results to ensure nothing is fishy and all is proper. [post 2 of 2]
5-14-2018 Newshound/Intel Guru Mnt Goat The Iraq elections are over. As we all should know the parliamentary elections were supposed to be run last November 2017, but due to ISIS they were postponed and combined with the presidential elections (Prime minister, speaker and president) on May12th. So far with most votes counted, a bloc headed by cleric Moqtada al-Sadr and another led by a militia leader are ahead, voting officials are quoted as saying. They suggest Mr Abadi's governing alliance is running third. So did former PM Abadi win the elections? We do not yet know for sure. But I would say no. I am hearing his alliance by itself did not win however the way the election works, al-Abadi might still get to serve a second term and be appointed prime minister. This may be done by combining votes to the winning bloc. The winning bloc decides the candidate who will actually be the prime minister. [post 1 of 2....stay tuned]
5-14-2018 Newshound Guru Don961 [...I've read through 70 plus articles, a number of them containing conflicting information...] ...until the official final word from the Official Election Commission is made known ... all the other stuff matters not ... imo.
5-14-2018 Newshound/Intel Guru Mnt Goat So the elections are over, we did not get the reinstatement prior to elections just as I told everyone would NOT happen. So now the new the government is not yet formed. The big question is this - Will the CBI wait the entire 90 day process of forming the government (August) before moving to reinstate the currency? We don’t know and I am not going to guess. I will tell you what I do know for FACT. The CBI told us they will keep us informed along the process of the project to delete the zeros. So I suspect that now that the elections are over we will get some kind of update from the CBI on where this project now stands. All we can do is wait and watch.
5-14-2018 Newshound Guru chattels Mosul, the second largest city in Iraq has yet to indicate any returns from the polls. Abadi was expected to show well in Mosul / Nineveh, we shall see.
5-14-2018 Newshound Guru Kaperoni It looks like PM al-Abadi's bloc has come in first and will stay PM. This is preliminary of course.
5-14-2018 Newshound Guru chattels The news reports are confusing and somewhat conflicted. My best take on the results is that Abadi has about 60 seats and Sadr 51.
5-14-2018 Newshound Guru Kaperoni Looks PM al-Abadi's political bloc is leading the elections. Let's hope so as this will give us the quickest formation of a new government and continued motivation to make economic changes. Some people do not understand the significance of the elections, a government with the same directive and motivation for change along with proven stability is critical for investor confidence. Remember, confidence is what will drive the dinars value up. A lack of will cause reluctance and a hesitance from investors.
5-13-2018 Newshound Guru chattels Article: "BAGHDAD (Reuters) – Prime Minister Haider al-Abadi’s list appears to be leading in Iraq’s parliamentary election, followed by influential Shi’ite cleric Moqtada al-Sadr’s alliance, an election commission source and a security official told Reuters on Sunday. The sources cited unofficial initial results." Even if Abadi’s Victory Alliance wins the most seats, he still must negotiate a coalition government, which must be formed within 90 days of the election. And, If parliament chooses him as prime minister... The formation of the new government shouldn't be expected until after the Ramadan and Eid holidays, according to Zebari. Ramadan begins on or about May 15 and ends Friday, Jun 15, 2018 with the Eid al-Fitr National Holiday.
5-13-2018 Newshound/Intel Guru BGG The real story out of these elections will be this… It wasn’t about Maliki vs. Abadi that turned out to be the real issue. It was Kurds. The Kurds may well turn out to be the “kingmakers” that some have speculated… but it may not be the “old guard” Kurds (the KDP). It looks like to me – the KDP (the same sh!T bags who were in a hinky, secret alliance with Maliki all along)… look to have gotten blown out this time around. There was a change movement in this election – but it started in Kurdistan. The big numbers seem to have been split between the two (or three) opposition parties, the Goran, the PUK and to a lesser extent the Democracy faction, led by Barham Saleh. It was a stunning day in Iraqi politics!! [post 2 of 2]
5-13-2018 Newshound/Intel Guru BGG Who? What? Why? Iraq’s election (2018) Folks, it is as simple as this… These election results are critical. Even with an outright win by Abadi, it may well take him some time to fully form his next GOI and move things forward. No matter what anyone says, there is still a ways to go. We need to wait and get a true reading on what the fullsome numbers look like once everything is counted…It sounds like Abadi’s faction won a significant number of seats… which is a big deal for Abadi. He will need still help to “form” the next GOI… and he may get it… FROM THE KURDS (and others). [post 1 of 2....stay tuned]
5-13-2018 Newshound/Intel Guru Mnt Goat I do not believe that any new Trump sanctions with Iran will block or impact the Iraqi dinar RV. I do strongly believe that, if you waiting for the Iranian Rial to RV along with the Iraqi dinar, you are going to be waiting for a VERY long time...
5-13-2018 Newshound/Intel Guru BGG The real story out of these elections will be this… It wasn’t about Maliki vs. Abadi that turned out to be the real issue. It was Kurds. The Kurds may well turn out to be the “kingmakers” that some have speculated… but it may not be the “old guard” Kurds (the KDP). It looks like to me – the KDP (the same sh!T bags who were in a hinky, secret alliance with Maliki all along)… look to have gotten blown out this time around. There was a change movement in this election – but it started in Kurdistan. The big numbers seem to have been split between the two (or three) opposition parties, the Goran, the PUK and to a lesser extent the Democracy faction, led by Barham Saleh. It was a stunning day in Iraqi politics!! [post 2 of 2]
5-13-2018 Newshound/Intel Guru BGG Who? What? Why? Iraq’s election (2018) Folks, it is as simple as this… These election results are critical. Even with an outright win by Abadi, it may well take him some time to fully form his next GOI and move things forward. No matter what anyone says, there is still a ways to go. We need to wait and get a true reading on what the fullsome numbers look like once everything is counted…It sounds like Abadi’s faction won a significant number of seats… which is a big deal for Abadi. He will need still help to “form” the next GOI… and he may get it… FROM THE KURDS (and others). [post 1 of 2....stay tuned]
5-13-2018 Newshound/Intel Guru Mnt Goat I do not believe that any new Trump sanctions with Iran will block or impact the Iraqi dinar RV. I do strongly believe that, if you waiting for the Iranian Rial to RV along with the Iraqi dinar, you are going to be waiting for a VERY long time...
5-12-2018 Newshound Guru Kaperoni ...update, the countdown is at 33 more days until the CBI meets IMF compliance. Hope they can keep the auctions below 2%.
5-12-2018 Newshound/Intel Guru Mnt Goat ...they can also convert the other imported goods and services more to in-country...then these areas too will have much less need for importation and thus also positively effect the currency auctions in the lessening the demand for the US dollar. See the connection? This is also why the need to move from the govt run to the private sectors. They must make this move in their society as a whole and not just in agriculture. Even in agriculture they have not yet make a drastic move but you can see the impacts on the little they have accomplished so far. This all will drive up the VALUE of the dinar against the dollar and secure the value so they can trade it on the open currency markets. [post 2 of 2]
5-12-2018 Newshound/Intel Guru Mnt Goat The news now is all about the elections and the launching the National Development Plan 2018-2022. An amazing article today about the value of the dinar vs the dollar. Quote: “It should be recalled that a group of experts and specialists in financial and economic affairs have been encouraged to process the revaluation of the Iraqi dinar against the value of the dollar and other foreign currencies”. ...this news is brought about from the agriculture sector mainly...as Iraq can now provide staple food for its people and has thus decreased tremendously the food imports from other countries. When this did this they decreased the demand on the US dollar in the currency auctions due to less need to convert dinar to dollars to pay importers. ...See the connection? [post 1 of 2....stay tuned]
5-12-2018 Intel Guru Jester CHINA IS WAITING ON TRUMP TO PULL THE TRIGGER... UNTIL THEY ARE READY TO DO THAT WE WILL BE HERE... ALSO THAT THEY ARE NOT GOING TO TURN THIS LOOSE FOR THE PEOPLE THAT STOLE IT THE FIRST TIME TO STEAL IT AGAIN MORE... THEY HAVE TO HAVE AN IDEA THEIR INVESTMENT IS SECURE... THEY WILL NOT LET IT HAPPEN UNTIL THEN...
5-12-2018 Newshound Guru Kaperoni Today is election day in Iraq. So far, it appears that al-Maliki and his coalition has lost in the elections.
5-12-2018 Newshound Guru chattels Polls are open on Saturday, May 12 from 7am to 6pm across Iraq and the Kurdistan Region as voters elect a new parliament, the first election after ISIS. Al-Abadi is likely to win 60 seats in the parliamentary elections. ...Results within 48 hours they say... [If he wins 60 seats, will that give him a majority?] No sir. [So, he'll need to form a coalition?] Yes sir. [How long do you folks think it will take for Abadi to form a coalition?] There is no certainty that Abadi's coalition will be asked to form a government. The top individual list vote getter has never become PM in Iraq. It all depends upon the coalition(s) formed post election. Maliki's State Of Law Coalition lost out in 2014. Allawi lost out in 2008, etc
5-12-2018 Newshound Guru MilitiaMan Article: “Bank of Iraq won the Excellence Award and best performance of Business Performance in 2017 from MasterCard International.“ ...Mastercard, Financial Inclusion and Electronic Banking (payments). This is out today! ...They are reiterating things, as in education. Guess what else...education of the Citizens and their new currency. They'll be using Bill Boards (presentation boards)...These boards are said to be all over the country now...and will show the Citizens pictures of the notes. There will be no confusion or mistake about it. Thus, in conjunction with that exposure may come the RI or closely thereafter, iho. ...All data like this above supports the process is fully underway and imo coming to an intersection.
5-12-2018 Newshound Guru Kaperoni [Anyone know what the auctions were the last two days?] There were no auctions
5-12-2018 Newshound/Intel Guru Mnt Goat Article: "MINISTRY OF PLANNING ANNOUNCES THE DATE OF LAUNCHING THE IMPLEMENTATION OF THE NATIONAL DEVELOPMENT PLAN 2018-2022" Does this plan also include the final stages of the “project to delete the zeros”? Yes we are told it does and hinges on it in the first stage, as the plan needs it to succeed. Folks we are getting VERY close to this reinstatement.
5-12-2018 Newshound/Intel Guru BGG Article: "Iraqi Police Intercept 31 Boxes of $100 Bills from Iran to Promote Iraqi Puppet" Quote: "The Iraqi Police intercept 31 boxes filled with stacks of $100 bills, smuggled from Iran, into Iraq, to be delivered to Hadi Al-Amari, head of the pro-Khomeiniist regime Badr militia." Talk about COLLUSION!! ...I’ll give you two good guesses as to where these $100 bills came from… (… and the first hint is – it wasn’t DONALD TRUMP).
5-12-2018 Newshound Guru Stryker The Time is no better than Right Now! New Elections, No ISIS Occupation, a New National Development Plan, Modern Banking, New Electronic Transactions, IBAN, SWIFT, etc, etc...
5-12-2018 Newshound/Intel Guru Mnt Goat ...they can also convert the other imported goods and services more to in-country...then these areas too will have much less need for importation and thus also positively effect the currency auctions in the lessening the demand for the US dollar. See the connection? This is also why the need to move from the govt run to the private sectors. They must make this move in their society as a whole and not just in agriculture. Even in agriculture they have not yet make a drastic move but you can see the impacts on the little they have accomplished so far. This all will drive up the VALUE of the dinar against the dollar and secure the value so they can trade it on the open currency markets. [post 2 of 2]
5-12-2018 Newshound/Intel Guru Mnt Goat The news now is all about the elections and the launching the National Development Plan 2018-2022. An amazing article today about the value of the dinar vs the dollar. Quote: “It should be recalled that a group of experts and specialists in financial and economic affairs have been encouraged to process the revaluation of the Iraqi dinar against the value of the dollar and other foreign currencies”. ...this news is brought about from the agriculture sector mainly...as Iraq can now provide staple food for its people and has thus decreased tremendously the food imports from other countries. When this did this they decreased the demand on the US dollar in the currency auctions due to less need to convert dinar to dollars to pay importers. ...See the connection? [post 1 of 2....stay tuned]
5-12-2018 Intel Guru Jester CHINA IS WAITING ON TRUMP TO PULL THE TRIGGER... UNTIL THEY ARE READY TO DO THAT WE WILL BE HERE... ALSO THAT THEY ARE NOT GOING TO TURN THIS LOOSE FOR THE PEOPLE THAT STOLE IT THE FIRST TIME TO STEAL IT AGAIN MORE... THEY HAVE TO HAVE AN IDEA THEIR INVESTMENT IS SECURE... THEY WILL NOT LET IT HAPPEN UNTIL THEN...
5-12-2018 Newshound Guru Kaperoni Today is election day in Iraq. So far, it appears that al-Maliki and his coalition has lost in the elections.
5-12-2018 Newshound Guru chattels Polls are open on Saturday, May 12 from 7am to 6pm across Iraq and the Kurdistan Region as voters elect a new parliament, the first election after ISIS. Al-Abadi is likely to win 60 seats in the parliamentary elections. ...Results within 48 hours they say... [If he wins 60 seats, will that give him a majority?] No sir. [So, he'll need to form a coalition?] Yes sir. [How long do you folks think it will take for Abadi to form a coalition?] There is no certainty that Abadi's coalition will be asked to form a government. The top individual list vote getter has never become PM in Iraq. It all depends upon the coalition(s) formed post election. Maliki's State Of Law Coalition lost out in 2014. Allawi lost out in 2008, etc
5-12-2018 Newshound Guru MilitiaMan Article: “Bank of Iraq won the Excellence Award and best performance of Business Performance in 2017 from MasterCard International.“ ...Mastercard, Financial Inclusion and Electronic Banking (payments). This is out today! ...They are reiterating things, as in education. Guess what else...education of the Citizens and their new currency. They'll be using Bill Boards (presentation boards)...These boards are said to be all over the country now...and will show the Citizens pictures of the notes. There will be no confusion or mistake about it. Thus, in conjunction with that exposure may come the RI or closely thereafter, iho. ...All data like this above supports the process is fully underway and imo coming to an intersection.
5-12-2018 Newshound Guru Kaperoni [Anyone know what the auctions were the last two days?] There were no auctions
5-12-2018 Newshound/Intel Guru Mnt Goat Article: "MINISTRY OF PLANNING ANNOUNCES THE DATE OF LAUNCHING THE IMPLEMENTATION OF THE NATIONAL DEVELOPMENT PLAN 2018-2022" Does this plan also include the final stages of the “project to delete the zeros”? Yes we are told it does and hinges on it in the first stage, as the plan needs it to succeed. Folks we are getting VERY close to this reinstatement.
5-12-2018 Newshound/Intel Guru BGG Article: "Iraqi Police Intercept 31 Boxes of $100 Bills from Iran to Promote Iraqi Puppet" Quote: "The Iraqi Police intercept 31 boxes filled with stacks of $100 bills, smuggled from Iran, into Iraq, to be delivered to Hadi Al-Amari, head of the pro-Khomeiniist regime Badr militia." Talk about COLLUSION!! ...I’ll give you two good guesses as to where these $100 bills came from… (… and the first hint is – it wasn’t DONALD TRUMP).
5-12-2018 Newshound Guru Stryker The Time is no better than Right Now! New Elections, No ISIS Occupation, a New National Development Plan, Modern Banking, New Electronic Transactions, IBAN, SWIFT, etc, etc...
5-11-2018 Newshound Guru Kaperoni Just a few hours to election time. Good luck Abadi.
5-11-2018 Newshound/Intel Guru Mnt Goat Here is how I see it playing out in the next weeks or month: I strongly believe that Haider al-Abadi will be re-elected as the prime minister and will then quickly form his new government, unlike other elections years. Abadi must then go after these corrupt officials to clean out the government. ...As soon as the CBI sees that the new government is stable they will then move ahead again with the project to delete the zeros, thus education campaign and the launching the lower denominations, as needed. When they do this we will see a significant increase the value of the dinar and we go to the bank. It is that simple. So, sit back and relax and pray that no obstacles block it this time. I can not guarantee all will go smooth. We just wait and watch. [post 3 of 3]
5-11-2018 Newshound/Intel Guru Mnt Goat ...So now I am told soon we will be seeing billboards popping up all over Iraq explaining the new category currency. These billboards can NOT be posted until after the elections are over since they will replace the posters from the election candidates. (yet another reason they can’t implement the last of the project to delete the zeros until AFTER the elections)...This news of the new category notes will come all of a sudden and fast and furriest. There will be NO DOUBT in anyone’s minds what they are doing. They told me the news is not so much for us, but we can piggyback off it and learn from it too. ...So...now more evidence today, as to why I believed the reinstatement of the Iraqi dinar would not happen until after the elections are over. [post 2 of 3....stay tuned]
5-11-2018 Guest Guru BobTheTaxMan ...So the institution that you are going to share that with is going to accept that as dinar and they would exchange it for dollars. You would get a receipt showing the exchanged rate. That receipt would then be applied to your Schedule A and you’d get a million dollar write off on your taxes. The neat part is let’s say you did that but your taxes for that year were only $25,000 …whatever is left over from that schedule A on your charitable contributions which wasn’t take that first year is carried forward. And carried forward. And carried forward until it’s all used up. I like that for a strategy simply because I like to prepay for everything. And if I can prepay for my taxes this way, where I’m actually supporting a cause or a belief I have and not have to pay taxes then I would definitely rather do that. Especially when I can carry it forward and carry it forward and carry if forward. It gives me time to manage my new investment differently - better. It’s a consideration. Just be aware in order for that to really work for you, you’re going to have to donate your dinar as dinar… [Post 2 of 2] [NOTE: This is NOT to be considered tax advice in any way. At the appropriate time speak with your own tax and legal professional]
5-11-2018 Newshound/Intel Guru Mnt Goat Tick Tock…Tick Tock - the clock is ticking and so it is one day before election day May 12th and still no RV. In reality Iraq has already started early voting on Wednesday May 9th and so technically they are already in the election. ...READ the NEWS, LISTEN to what the CBI and the GOI are saying...I have been told by my CBI contact over and over again over the many years to listen to what they tell the citizens, as they will be guiding the citizens through this entire transition process to the new currency. [post 1 of 3....stay tuned]
5-11-2018 Guest Guru BobTheTaxMan Because of the new tax law changes…the biggest advantage we have is to donate to charities in order to reduce your taxes…Charitable contributions is going to be one of the biggest chances you have of being able to reduce your taxes…when you choose to do that there are two things you need to be aware of. 1. When you make you contribution as to a non-profit…you want to do it in dinar. Do not do it in dollars. The reason why: If you are going to do it in dollars you have to exchange the dinar into dollars which makes it a taxable event. You have to include that income on your tax returns and then add it into your Schedule A. Who wants to add another million dollars to their income? VERSES if you were to donate dinar, let’s say it was a million dinar and it came out at a dollar (I’m not saying it will…I’m just saying as a number.) Then that will give you a 1 million dollar write off. [Post 1 of 2 Stay tuned for the rest of the story.] [NOTE: This is NOT to be considered tax advice in any way. At the appropriate time speak with your own tax and legal professional]
5-11-2018 Intel Guru Bruce You know Iraq is having their elections Saturday, May 12, 2018... What we are hearing is the percentage of people that will vote for Abadi is around 74 % to 74 ½ %. He is looking really good for reelection. I really think Iraq for the most part has done what it is they need to do. ...There has been some discussion as to why they haven’t had the rate out. I am not sure exactly, but I think we can look forward to the weekend. Let’s put it that way: to the weekend. I want everyone to be confident in where we are in this and know that your time is coming very shortly. [post 2 of 2]
5-11-2018 Intel Guru Bruce We had heard some things the last two to three days to make this thing look like we had it tonight, last night, or the night before...Where I was excited thinking we were right there, we weren’t quite there, but we were close, and now we are even closer. There had to be a few things that had to happen. It was done and things are moving along nicely. There has been discussion why Abadi may or may not have had the rate publicly known yet internationally for the dinar. We have seen some rates on a few screens. We have seen where the program the Economic Development was initiated last Monday. We did get confirmation for that, but for some reason that rate has not been quite put out yet. [post 1 of 2....stay tuned]
5-11-2018 Newshound Guru chattels Article quote: "The results of the general and private voting and the exit will be announced in one package" "Private" voting is a reference to the military and diaspora voting which began yesterday. General voting is tomorrow. One day remaining before the election.
5-11-2018 Newshound Guru Aggiedad77 Article: "Abadi reveals the secret of his refusal to enter the parliamentary elections" Quote: "Iraqi Prime Minister Haidar al-Abadi said on Thursday evening that he refused to participate in a new Iraqi government based on "quotas" WOW THIS ALMOST SOUNDS LIKE TO ME THAT ABADI IS THROWING DOWN A GAUNTLET...IF YOU WANT TO KEEP YOUR OLD WAYS...DO SO WITHOUT ME...IF YOU WANT TO LOOK FORWARD TO PEACE, PROSPERITY, AND IMPROVEMENTS FOR ALL...THEN HANG TOUGH WITH ME...HE'S GOT A PLAN...IMO...WE JUST AREN'T PRIVY TO THE FINAL 2 MINUTES OF PLAY FROM HIM AT THIS POINT...BUT THE END ZONE HAS A CELEBRATORY GROUP ALL AROUND THREE SIDES OF IT...AND THE THUGS ON THE FIELD HAVE DUG IN...BUT AGAIN IMO...THEY WILL BE NO MATCH FOR ALL THAT IS TO COME...SPECTACULAR FINISH I PREDICT...WATCH UNTIL THE GUN SOUNDS...DON'T BLINK..OR YOU MAY MISS A CRITICAL ASPECT.
5-11-2018 Newshound/Intel Guru Mnt Goat Here is how I see it playing out in the next weeks or month: I strongly believe that Haider al-Abadi will be re-elected as the prime minister and will then quickly form his new government, unlike other elections years. Abadi must then go after these corrupt officials to clean out the government. ...As soon as the CBI sees that the new government is stable they will then move ahead again with the project to delete the zeros, thus education campaign and the launching the lower denominations, as needed. When they do this we will see a significant increase the value of the dinar and we go to the bank. It is that simple. So, sit back and relax and pray that no obstacles block it this time. I can not guarantee all will go smooth. We just wait and watch. [post 3 of 3]
5-11-2018 Newshound/Intel Guru Mnt Goat ...So now I am told soon we will be seeing billboards popping up all over Iraq explaining the new category currency. These billboards can NOT be posted until after the elections are over since they will replace the posters from the election candidates. (yet another reason they can’t implement the last of the project to delete the zeros until AFTER the elections)...This news of the new category notes will come all of a sudden and fast and furriest. There will be NO DOUBT in anyone’s minds what they are doing. They told me the news is not so much for us, but we can piggyback off it and learn from it too. ...So...now more evidence today, as to why I believed the reinstatement of the Iraqi dinar would not happen until after the elections are over. [post 2 of 3....stay tuned]
5-11-2018 Guest Guru BobTheTaxMan ...So the institution that you are going to share that with is going to accept that as dinar and they would exchange it for dollars. You would get a receipt showing the exchanged rate. That receipt would then be applied to your Schedule A and you’d get a million dollar write off on your taxes. The neat part is let’s say you did that but your taxes for that year were only $25,000 …whatever is left over from that schedule A on your charitable contributions which wasn’t take that first year is carried forward. And carried forward. And carried forward until it’s all used up. I like that for a strategy simply because I like to prepay for everything. And if I can prepay for my taxes this way, where I’m actually supporting a cause or a belief I have and not have to pay taxes then I would definitely rather do that. Especially when I can carry it forward and carry it forward and carry if forward. It gives me time to manage my new investment differently - better. It’s a consideration. Just be aware in order for that to really work for you, you’re going to have to donate your dinar as dinar… [Post 2 of 2] [NOTE: This is NOT to be considered tax advice in any way. At the appropriate time speak with your own tax and legal professional]
5-11-2018 Newshound/Intel Guru Mnt Goat Tick Tock…Tick Tock - the clock is ticking and so it is one day before election day May 12th and still no RV. In reality Iraq has already started early voting on Wednesday May 9th and so technically they are already in the election. ...READ the NEWS, LISTEN to what the CBI and the GOI are saying...I have been told by my CBI contact over and over again over the many years to listen to what they tell the citizens, as they will be guiding the citizens through this entire transition process to the new currency. [post 1 of 3....stay tuned]
5-11-2018 Guest Guru BobTheTaxMan Because of the new tax law changes…the biggest advantage we have is to donate to charities in order to reduce your taxes…Charitable contributions is going to be one of the biggest chances you have of being able to reduce your taxes…when you choose to do that there are two things you need to be aware of. 1. When you make you contribution as to a non-profit…you want to do it in dinar. Do not do it in dollars. The reason why: If you are going to do it in dollars you have to exchange the dinar into dollars which makes it a taxable event. You have to include that income on your tax returns and then add it into your Schedule A. Who wants to add another million dollars to their income? VERSES if you were to donate dinar, let’s say it was a million dinar and it came out at a dollar (I’m not saying it will…I’m just saying as a number.) Then that will give you a 1 million dollar write off. [Post 1 of 2 Stay tuned for the rest of the story.] [NOTE: This is NOT to be considered tax advice in any way. At the appropriate time speak with your own tax and legal professional]
5-11-2018 Intel Guru Bruce You know Iraq is having their elections Saturday, May 12, 2018... What we are hearing is the percentage of people that will vote for Abadi is around 74 % to 74 ½ %. He is looking really good for reelection. I really think Iraq for the most part has done what it is they need to do. ...There has been some discussion as to why they haven’t had the rate out. I am not sure exactly, but I think we can look forward to the weekend. Let’s put it that way: to the weekend. I want everyone to be confident in where we are in this and know that your time is coming very shortly. [post 2 of 2]
5-11-2018 Intel Guru Bruce We had heard some things the last two to three days to make this thing look like we had it tonight, last night, or the night before...Where I was excited thinking we were right there, we weren’t quite there, but we were close, and now we are even closer. There had to be a few things that had to happen. It was done and things are moving along nicely. There has been discussion why Abadi may or may not have had the rate publicly known yet internationally for the dinar. We have seen some rates on a few screens. We have seen where the program the Economic Development was initiated last Monday. We did get confirmation for that, but for some reason that rate has not been quite put out yet. [post 1 of 2....stay tuned]
5-11-2018 Newshound Guru chattels Article quote: "The results of the general and private voting and the exit will be announced in one package" "Private" voting is a reference to the military and diaspora voting which began yesterday. General voting is tomorrow. One day remaining before the election.
5-11-2018 Newshound Guru Aggiedad77 Article: "Abadi reveals the secret of his refusal to enter the parliamentary elections" Quote: "Iraqi Prime Minister Haidar al-Abadi said on Thursday evening that he refused to participate in a new Iraqi government based on "quotas" WOW THIS ALMOST SOUNDS LIKE TO ME THAT ABADI IS THROWING DOWN A GAUNTLET...IF YOU WANT TO KEEP YOUR OLD WAYS...DO SO WITHOUT ME...IF YOU WANT TO LOOK FORWARD TO PEACE, PROSPERITY, AND IMPROVEMENTS FOR ALL...THEN HANG TOUGH WITH ME...HE'S GOT A PLAN...IMO...WE JUST AREN'T PRIVY TO THE FINAL 2 MINUTES OF PLAY FROM HIM AT THIS POINT...BUT THE END ZONE HAS A CELEBRATORY GROUP ALL AROUND THREE SIDES OF IT...AND THE THUGS ON THE FIELD HAVE DUG IN...BUT AGAIN IMO...THEY WILL BE NO MATCH FOR ALL THAT IS TO COME...SPECTACULAR FINISH I PREDICT...WATCH UNTIL THE GUN SOUNDS...DON'T BLINK..OR YOU MAY MISS A CRITICAL ASPECT.
5-10-2018 Newshound Guru MilitiaMan Article: "Karim Tamimi calls on parties and candidates to abide by the silence of the media" Quote: "the media silence will begin at 7 am on Friday 11/5/2018, twenty-four hours before the start of the polling day, which will start at seven o'clock on Saturday 12/5/2018." I wonder if the 24 hour silence is also in synchronization for other notifications. I wouldn't be surprised for that to be very plausible. imo.? hmmm Lets not also forget that Electronic Payments started today on Mastercard...
5-10-2018 Newshound Guru BobTheTaxMan Number 1. Ordinary income vs. capital gains. It will be treated as ordinary income. Period. exclamation mark! Number 2. Some people have stated, “What I’m going to do to reduce taxes is I’m going to move to a state that does not have income tax. “ There are several states…that do not have income tax…those states that do not have an income tax make up for it in other ways. Usually it’s going to be on property taxes, or it’s going to be a gas tax, sin tax…sales tax. They are going to tax things heavily to compensate and make up for not having a particular income tax…It is hardly worth it, except for certain states, New York, California, Oregon is another that has a high tax rate, Hawaii. Those states there are really high on their taxes…those are a consideration but to move to a state only because it doesn’t have income tax is a beguiling misdirection. I would strongly encourage you to before you take that kind of a step to spend the time to research everything about that state…How are their economic needs being met? [NOTE: This is NOT to be considered tax advice. At the appropriate time speak with your own tax and legal professional]
5-10-2018 Intel Guru Footforward I'm not wondering if this will happen. I whole heartedly believe it will...
5-10-2018 Newshound Guru Aggiedad77 THERE HAS CERTAINLY BEEN A LONG STRING OF GREAT NEWS ARTICLES OVER THE PAST FEW DAYS...WHAT I PERSONALLY FIND ENCOURAGING BY IT ALL...IS HOW IMO THE IRAQI COUNCIL OF MINISTERS (COM) AND A NUMBER OF KEY IRAQI MINISTRIES ARE MAKING IMPORTANT PROGRAM CHANGES AND ENHANCEMENTS RIGHT IN THE FACE OF THE UPCOMING ELECTIONS...THEY SEEM TO "KNOW" THERE WILL BE NO CHANGE IN LEADERSHIP...THEY SEEM TO KNOW THAT ABADI WILL BE LEADING THEIR COUNTRY INTO AN ERA OF GREATNESS...THEY WANT TO BE ONBOARD WITH THAT PROCESS AND BE SEEN AS A PRO-ACTIVE MEMBER OF WHAT WILL TRANSPIRE...SO MANY GREAT PROGRAMS IN THE WORKS...READY... AIM... FIRE...RELOAD...WE USED TO SAY...THE BEST OF THE BEST IS POISED TO MAKE ITS MARK ON HISTORY...ALL IMO...VERY STRONG OPINION.
5-10-2018 Newshound Guru BobTheTaxMan Number 1. Ordinary income vs. capital gains. It will be treated as ordinary income. Period. exclamation mark! Number 2. Some people have stated, “What I’m going to do to reduce taxes is I’m going to move to a state that does not have income tax. “ There are several states…that do not have income tax…those states that do not have an income tax make up for it in other ways. Usually it’s going to be on property taxes, or it’s going to be a gas tax, sin tax…sales tax. They are going to tax things heavily to compensate and make up for not having a particular income tax…It is hardly worth it, except for certain states, New York, California, Oregon is another that has a high tax rate, Hawaii. Those states there are really high on their taxes…those are a consideration but to move to a state only because it doesn’t have income tax is a beguiling misdirection. I would strongly encourage you to before you take that kind of a step to spend the time to research everything about that state…How are their economic needs being met? [NOTE: This is NOT to be considered tax advice. At the appropriate time speak with your own tax and legal professional]
5-10-2018 Intel Guru Footforward I'm not wondering if this will happen. I whole heartedly believe it will...
5-10-2018 Newshound Guru Aggiedad77 THERE HAS CERTAINLY BEEN A LONG STRING OF GREAT NEWS ARTICLES OVER THE PAST FEW DAYS...WHAT I PERSONALLY FIND ENCOURAGING BY IT ALL...IS HOW IMO THE IRAQI COUNCIL OF MINISTERS (COM) AND A NUMBER OF KEY IRAQI MINISTRIES ARE MAKING IMPORTANT PROGRAM CHANGES AND ENHANCEMENTS RIGHT IN THE FACE OF THE UPCOMING ELECTIONS...THEY SEEM TO "KNOW" THERE WILL BE NO CHANGE IN LEADERSHIP...THEY SEEM TO KNOW THAT ABADI WILL BE LEADING THEIR COUNTRY INTO AN ERA OF GREATNESS...THEY WANT TO BE ONBOARD WITH THAT PROCESS AND BE SEEN AS A PRO-ACTIVE MEMBER OF WHAT WILL TRANSPIRE...SO MANY GREAT PROGRAMS IN THE WORKS...READY... AIM... FIRE...RELOAD...WE USED TO SAY...THE BEST OF THE BEST IS POISED TO MAKE ITS MARK ON HISTORY...ALL IMO...VERY STRONG OPINION.
5-9-2018 Newshound Guru BobTheTaxMan …We are not in the business of exchanging dinar. We don’t have a clearance for the date of exchange. We don’t have any of that stuff. We are just holders, anticipating it’s going to come to fruition. The other one people get confused on is…If you went to travel and packed up and went to Iraq for a visit and you had some dinar with you when you came back, there was some left in your pocket and it increase in value…if it exceeded $200 of travel money then that would be considered as capital gains. It also meant you weren’t traveling with 10’s of millions of dinar. Alright? It’s just travel money. I can assure you I have checked with so many places. I have checked with well established CPA firms and attorneys. I have had professional financial planners contact their tax attorneys and they all come back with the same thing. It [Dinar] will be treated as ordinary income. [Post 2 of 2] [NOTE: This is NOT to be considered tax advice. At the appropriate time speak with your own tax and legal professional]
5-9-2018 Newshound Guru BobTheTaxMan …The advantage of the 2018 tax laws...are so beneficial to the dinar. It’s like crazy beneficial…it changes entirely how you’re going to handle your dinar…A lot of people have been caught up in misinformation about how is the dinar going to be taxed. So you understand it simply - The dinar is a currency which you have purchased, which you’ve got holding in a spot somewhere, whether it’s in a safely deposit box or under your mattress or somewhere you buried in the backyard in a coffee can, whatever you’ve done with it, it’s sitting there. There is no determined exchange date so we don’t have a contract, which means we don’t get to take advantage of the benefits of that because we don’t have a contract. We are not professional FOREX exchangers…They have a distinct advantage. In their world 60% of whatever they exchange is treated as capital gains and 40% at ordinary income. In our case we do not fit… [Post 1 of 2 Stay tuned for the rest of the story] [NOTE: This is NOT to be considered tax advice...At the appropriate time speak with your own tax and legal professionals.]
5-9-2018 Intel Guru Bruce ...We are also hearing Iraq will have a rate out tomorrow morning...that their ATMS will be turned on. Their lower denominations have been loaded in them for awhile, and they will be accessible, available. Iraq should be rocking and rolling tomorrow morning. I think the Forex rates that were sent over to us Sunday night or Monday have been finally approved here. These rates came over from London. We are getting the impression the rates are not only been approved, but are solid, no rates flashing. That is good. They have decided everything is in Go Mode...the last the latest information I got...came from sophisticated bankers from New York was that this was going down shortly. We do not know what that means exactly, but I feel very confident where we sit...I am feeling very good with the timing where we are. [post 2 of 2]
5-9-2018 Intel Guru Bruce ...so much information between Thursday and was pointing to this already happening. ...Ultimately it seems it comes down to Iraq. Are they ready? ...Here is what Iraq is doing starting tomorrow [Wednesday] morning in Iraq...they have a...brand new Economic Development Program which starts tomorrow. It is a five year program. It involves so far 57 countries, 360 companies. If you were going to start that program tomorrow and go 5 years with it, wouldn’t it be a good idea to have your currency at an internationally tradable rate? ...It is crucial they have that rate out tomorrow before they start this program which is due to start tomorrow. The other thing is the Qi cards that are new, the Visa cards, that have the oil revenue sharing money on them ...Those funds are accessible and usable tomorrow [Wednesday] morning. [post 1 of 2....stay tuned]
5-9-2018 Newshound/Intel Guru BGG Article: "Abadi: The corrupt have become restless" Quote: “the corrupt were pressing for the collapse of the dinar prices and work to raise prices, but failed to do so,” asserting his quest for “a new renaissance of Iraq to restore its past and even better.” I have to think – with the context of his commentary in this article focused on the value of the Dinar, Abadi has something planned for after the elections. I’m not exactly sure what he’s talking about here… but it sounds good to me!
5-9-2018 Newshound Guru Kaperoni Dollars are being sucked up right now in Iran. As well, the Rial has dropped to 67,000 to one US dollar. We're going to have to keep a close watch on the CBI over the next few weeks Iran has a tendency to suck dollars out of Iraq when it needs them and this could affect the spread. Course if this happens is bad for the CBI cuz it'll affect its reserves as well it'll knock the spread out of whack with the IMF forcing them to start over again on the 3 month compliance. Hopefully Iran's weak currency and lack of dollars does not affect the CBI. They must be pretty confident since they are liberalizing even more. Remember the IMF and US Treasury helped them figure out how to get the spread within compliance last fall.
5-9-2018 Newshound Guru BobTheTaxMan …The advantage of the 2018 tax laws...are so beneficial to the dinar. It’s like crazy beneficial…it changes entirely how you’re going to handle your dinar…A lot of people have been caught up in misinformation about how is the dinar going to be taxed. So you understand it simply - The dinar is a currency which you have purchased, which you’ve got holding in a spot somewhere, whether it’s in a safely deposit box or under your mattress or somewhere you buried in the backyard in a coffee can, whatever you’ve done with it, it’s sitting there. There is no determined exchange date so we don’t have a contract, which means we don’t get to take advantage of the benefits of that because we don’t have a contract. We are not professional FOREX exchangers…They have a distinct advantage. In their world 60% of whatever they exchange is treated as capital gains and 40% at ordinary income. In our case we do not fit… [Post 1 of 2 Stay tuned for the rest of the story] [NOTE: This is NOT to be considered tax advice...At the appropriate time speak with your own tax and legal professionals.]
5-9-2018 Intel Guru Bruce ...We are also hearing Iraq will have a rate out tomorrow morning...that their ATMS will be turned on. Their lower denominations have been loaded in them for awhile, and they will be accessible, available. Iraq should be rocking and rolling tomorrow morning. I think the Forex rates that were sent over to us Sunday night or Monday have been finally approved here. These rates came over from London. We are getting the impression the rates are not only been approved, but are solid, no rates flashing. That is good. They have decided everything is in Go Mode...the last the latest information I got...came from sophisticated bankers from New York was that this was going down shortly. We do not know what that means exactly, but I feel very confident where we sit...I am feeling very good with the timing where we are. [post 2 of 2]
5-9-2018 Intel Guru Bruce ...so much information between Thursday and was pointing to this already happening. ...Ultimately it seems it comes down to Iraq. Are they ready? ...Here is what Iraq is doing starting tomorrow [Wednesday] morning in Iraq...they have a...brand new Economic Development Program which starts tomorrow. It is a five year program. It involves so far 57 countries, 360 companies. If you were going to start that program tomorrow and go 5 years with it, wouldn’t it be a good idea to have your currency at an internationally tradable rate? ...It is crucial they have that rate out tomorrow before they start this program which is due to start tomorrow. The other thing is the Qi cards that are new, the Visa cards, that have the oil revenue sharing money on them ...Those funds are accessible and usable tomorrow [Wednesday] morning. [post 1 of 2....stay tuned]
5-9-2018 Newshound/Intel Guru BGG Article: "Abadi: The corrupt have become restless" Quote: “the corrupt were pressing for the collapse of the dinar prices and work to raise prices, but failed to do so,” asserting his quest for “a new renaissance of Iraq to restore its past and even better.” I have to think – with the context of his commentary in this article focused on the value of the Dinar, Abadi has something planned for after the elections. I’m not exactly sure what he’s talking about here… but it sounds good to me!
5-9-2018 Newshound Guru Kaperoni Dollars are being sucked up right now in Iran. As well, the Rial has dropped to 67,000 to one US dollar. We're going to have to keep a close watch on the CBI over the next few weeks Iran has a tendency to suck dollars out of Iraq when it needs them and this could affect the spread. Course if this happens is bad for the CBI cuz it'll affect its reserves as well it'll knock the spread out of whack with the IMF forcing them to start over again on the 3 month compliance. Hopefully Iran's weak currency and lack of dollars does not affect the CBI. They must be pretty confident since they are liberalizing even more. Remember the IMF and US Treasury helped them figure out how to get the spread within compliance last fall.
5-8-2018 Intel/Newshound Guru Frank But something significant is going to happen on Wednesday. I think on Wednesday they are going to light the fuse to everything, IMO! Alak said, “We are ready to introduce the new small notes.” BOOM!
5-8-2018 Newshound Guru Chattels [wouldnt their value of dinar increase since value of oil increased since thats all they export?] Oil income is not sufficient to fund a substantial increase in the value of the dinar many would argue. [i wonder what kind of precious metals they export as well?] Could not be much as historically oil is 90-95% of their revenues…Iraq's budget when oil was $ 100 + / barrel was never more than about 130 billion.
5-8-2018 Intel/Newshound Guru Delta They have the plan, they have the date. Abadi…get 1000% if he pulls the trigger before the election…if your in Abadi’s shoes…Alak’s…if he has the power probably pull the trigger before the election. We have to keep in mind, May 15 is Ramadan. Based on past experience Iraqi’s never do monetary exchanges during Ramadan. That takes us into June…If you do it just before the election, a lot of people will remember that! I agree with you [Guru Frank], Wednesday must be one of the biggest days in Iraq! My final thoughts, we are on the verge of something really big happening to all of us. This time, all indications showing this is not a false alarm. . .
5-8-2018 Newshound Guru Mnt Goat Article: "IMPLEMENTATION OF ARTICLE 140 OF THE IRAQI CONSTITUTION IS A PRIORITY" Quote: "...THE MAIN TASK OF THEIR MPS IN BAGHDAD AFTER THE MAY 12 ELECTION WILL BE WORKING ON THE IMPLEMENTATION OF THE ARTICLE 140." So we see it first hand in this article status of Article 140 law. We know article 140 is needed to RV and they are telling us this is not to happen until AFTER the elections. So when do you think the RV has a best chance of going? ...here it is folks, they are telling us.
5-8-2018 Intel Guru Frank26 [via sunny] Last Monday thousands of citizens picked up International Visa cards. They are International and they are reinstating their currency! They have prepared certain things with no three zero’s in them. In the budget, in the payment salaries, in the currency rate. BTW oil is about to go insane. Prepare to pay at the pump... oil to reach $100. I don’t know if the billboards will be released on Wed. but I do know the 5 year financial plan will be released...Exchange centers and banks are on the cusp of the RI and they understand it. Banks all over the world have increased their reserves. [post 3 of 3]
5-8-2018 Intel Guru Frank26 [via sunny] IMO, they are about to describe the RI of the IQD and description of the lower notes to the world! Does not appear to me to give any reason for any further delay. They have met with Central bank governors of the world. IMO this is pushing the button of the launch and the receiver has the ball in the end zone! The CBI governor of Iraq (Alak) has said he is ready to distribute the LD’s. I don’t know when. He has not said when. Realize, soon can be a few days or a few weeks, but I really doubt it would be the end of the month. The CBI will be sending texts...through mobile phones...to the citizens about the new currency...new electronic banking...ATM’s. [post 2 of 3....stay tuned]
5-8-2018 Intel Guru Frank26 [via sunny] Five year plan launches on Wednesday. The CBI has held meetings around the world and in those meetings, given the description and shown pictures of the lower denom’s, the smaller notes...New currency is the lower denom’s. ...Expect to see large easel boards or small billboards all around Iraq with the description and pictures of the lower denom’s as they continue to educate the citizens. The pictures will be of the front and back of these smaller notes. The description and photographs on these billboards - are of ALL the lower denom’s to come out. (Not just the 200’s, 50’s, but all the smaller notes)... [Guru] Walkingstick has 6 banks, 16 ATM machines. WS firm will have these signs all over the place. Their 500 employees will all see them. IMO, this will be happening soon. It’s the next step and it’s coming. [post 1 of 3....stay tuned]
5-8-2018 Newshound Guru chattels "Iraq's Constitution of 2005 Article 1: The Republic of Iraq is a single, independent federal state with full sovereignty. Its system of government is republican, representative, Parliamentary and democratic. This Constitution is the guarantor of its unity." The Iraqi PM is not directly elected by the people. He is elected from the largest coalition upon designation by the President of Iraq and a vote by the Parliament...parliamentary system, not a presidential system.
5-8-2018 Newshound Guru Chattels [wouldnt their value of dinar increase since value of oil increased since thats all they export?] Oil income is not sufficient to fund a substantial increase in the value of the dinar many would argue. [i wonder what kind of precious metals they export as well?] Could not be much as historically oil is 90-95% of their revenues…Iraq's budget when oil was $ 100 + / barrel was never more than about 130 billion.
5-8-2018 Intel/Newshound Guru Delta They have the plan, they have the date. Abadi…get 1000% if he pulls the trigger before the election…if your in Abadi’s shoes…Alak’s…if he has the power probably pull the trigger before the election. We have to keep in mind, May 15 is Ramadan. Based on past experience Iraqi’s never do monetary exchanges during Ramadan. That takes us into June…If you do it just before the election, a lot of people will remember that! I agree with you [Guru Frank], Wednesday must be one of the biggest days in Iraq! My final thoughts, we are on the verge of something really big happening to all of us. This time, all indications showing this is not a false alarm. . .
5-8-2018 Newshound Guru Mnt Goat Article: "IMPLEMENTATION OF ARTICLE 140 OF THE IRAQI CONSTITUTION IS A PRIORITY" Quote: "...THE MAIN TASK OF THEIR MPS IN BAGHDAD AFTER THE MAY 12 ELECTION WILL BE WORKING ON THE IMPLEMENTATION OF THE ARTICLE 140." So we see it first hand in this article status of Article 140 law. We know article 140 is needed to RV and they are telling us this is not to happen until AFTER the elections. So when do you think the RV has a best chance of going? ...here it is folks, they are telling us.
5-8-2018 Intel Guru Frank26 [via sunny] Last Monday thousands of citizens picked up International Visa cards. They are International and they are reinstating their currency! They have prepared certain things with no three zero’s in them. In the budget, in the payment salaries, in the currency rate. BTW oil is about to go insane. Prepare to pay at the pump... oil to reach $100. I don’t know if the billboards will be released on Wed. but I do know the 5 year financial plan will be released...Exchange centers and banks are on the cusp of the RI and they understand it. Banks all over the world have increased their reserves. [post 3 of 3]
5-8-2018 Intel Guru Frank26 [via sunny] IMO, they are about to describe the RI of the IQD and description of the lower notes to the world! Does not appear to me to give any reason for any further delay. They have met with Central bank governors of the world. IMO this is pushing the button of the launch and the receiver has the ball in the end zone! The CBI governor of Iraq (Alak) has said he is ready to distribute the LD’s. I don’t know when. He has not said when. Realize, soon can be a few days or a few weeks, but I really doubt it would be the end of the month. The CBI will be sending texts...through mobile phones...to the citizens about the new currency...new electronic banking...ATM’s. [post 2 of 3....stay tuned]
5-8-2018 Intel Guru Frank26 [via sunny] Five year plan launches on Wednesday. The CBI has held meetings around the world and in those meetings, given the description and shown pictures of the lower denom’s, the smaller notes...New currency is the lower denom’s. ...Expect to see large easel boards or small billboards all around Iraq with the description and pictures of the lower denom’s as they continue to educate the citizens. The pictures will be of the front and back of these smaller notes. The description and photographs on these billboards - are of ALL the lower denom’s to come out. (Not just the 200’s, 50’s, but all the smaller notes)... [Guru] Walkingstick has 6 banks, 16 ATM machines. WS firm will have these signs all over the place. Their 500 employees will all see them. IMO, this will be happening soon. It’s the next step and it’s coming. [post 1 of 3....stay tuned]
5-8-2018 Newshound Guru chattels "Iraq's Constitution of 2005 Article 1: The Republic of Iraq is a single, independent federal state with full sovereignty. Its system of government is republican, representative, Parliamentary and democratic. This Constitution is the guarantor of its unity." The Iraqi PM is not directly elected by the people. He is elected from the largest coalition upon designation by the President of Iraq and a vote by the Parliament...parliamentary system, not a presidential system.
5-7-2018 Newshound Guru Mnt Goat Article: "WHAT KEEPS THE EXCHANGE RATES OF THE DOLLAR AND THE REST OF THE FOREIGN CURRENCIES AGAINST THE EXCHANGE RATE OF THE IRAQI DINAR RELATIVELY HIGH?" ...we know that Iraq right now is still 95% govt run entities. We know the Govt just paid the farmers for the harvest of the crops...hundreds of millions of dollars. So we can...see that not having to import so much can lead to not having to exchange the dinar for the dollar so much, thus leads to a higher rate for the dinar. This harvest just helped to control the rate of the dinar and keep it high. Now if Iraq can export these products this could substantially increase the value of the dinar. This is coming...
5-7-2018 Newshound Guru MilitiaMan Article: "National Bank announces the completion of the electronic system for the completion of transactions" This article...is after review...telling us the National Bank has completed the electronic testing for the system that took a period of three months. They are all done, as it is now set for the completion or facilitation of transactions for pensioners, employees, etc...They are telling the citizens it is safe. ...the final stage is crucial and it needs to be told to the citizens specifically and in those specifics, imo is the date and rate, and with security and stability. They sure look to be say that they meet that criteria now. ...The above is now adopted into an activation state of being imo...
5-7-2018 Newshound Guru Kaperoni Based on our compliance countdown counter, Iraq has 38 more days to meet IMF compliance of the 3 month rule. What this means is that they have to maintain the spread of 2% or less for 38 more days. [Note: The market rate and the official rate can be found in the Dinar Guru Resource Bar on the left of this page]
5-7-2018 Newshound/Intel Guru Mnt Goat Article: "MINISTRY OF PLANNING ANNOUNCES THE DATE OF LAUNCHING THE IMPLEMENTATION OF THE NATIONAL DEVELOPMENT PLAN 2018-2022" ...does this plan also include the final stages of the “project to delete the zeros”? Yes we are told it does and hinges on it in the first stage, as the plan needs it to succeed. Folks we are getting VERY close to this reinstatement.
5-7-2018 Newshound Guru Kaperoni There are people that own dinar that are just learning about the 2% compliance requirement from the IMF...This information is not secret it's posted in the Article IV Consultations from the IMF. There are some that try to avoid it by saying it doesn't apply or it's outdated. The fact is it's been stated in the Article IV Consultation in 2012, again in 2015 and the most recent September of 2017.
5-7-2018 Newshound Guru chattels Article quote: "Security forces in Babel have entered a state of ultimatum with the participation of more than "20,000" security elements to secure the general elections to be held next Saturday (May 12th)." 5 days remaining until the election. Maliki went to court to try to stop the use of electronic voting machines. Latest try by ruling parties to get rid of devices.
5-7-2018 Intel Guru Delta Article: "Monetary stability and financial inclusion" I DID READ IT IN ARABIC THE LAST PART IS SAYING THAT THE REAL VALUE WILL BE REVEALED IN THE COMING DAYS...
5-7-2018 Newshound Guru MilitiaMan Article: "National Bank announces the completion of the electronic system for the completion of transactions" The...article tells it plain and simple the system has been tested and...have overcome many challenges along the way... Article: "Monetary stability and financial inclusion" They are imo...are saying to us they are in fact activating the MR of the IQD. The are depending on the Dinar, they are telling us they are ceasing Multi Currency Practices, as they have the rate in a very tight non profitable manner. They even...go so far as to tell you straight up that the value of the Dollar is lower than the value of the Dinar...We are told they are bringing in NEW Currency. E-Dinar is not going to be at a program rate. E- Dinar equates to LDs with that technology in place...imo! ...Imo All are ready to be activated, as they are syncronized now, imo.
5-7-2018 Newshound Guru MilitiaMan Article: "National Bank announces the completion of the electronic system for the completion of transactions" This article...is after review...telling us the National Bank has completed the electronic testing for the system that took a period of three months. They are all done, as it is now set for the completion or facilitation of transactions for pensioners, employees, etc...They are telling the citizens it is safe. ...the final stage is crucial and it needs to be told to the citizens specifically and in those specifics, imo is the date and rate, and with security and stability. They sure look to be say that they meet that criteria now. ...The above is now adopted into an activation state of being imo...
5-7-2018 Newshound Guru Kaperoni Based on our compliance countdown counter, Iraq has 38 more days to meet IMF compliance of the 3 month rule. What this means is that they have to maintain the spread of 2% or less for 38 more days. [Note: The market rate and the official rate can be found in the Dinar Guru Resource Bar on the left of this page]
5-7-2018 Newshound/Intel Guru Mnt Goat Article: "MINISTRY OF PLANNING ANNOUNCES THE DATE OF LAUNCHING THE IMPLEMENTATION OF THE NATIONAL DEVELOPMENT PLAN 2018-2022" ...does this plan also include the final stages of the “project to delete the zeros”? Yes we are told it does and hinges on it in the first stage, as the plan needs it to succeed. Folks we are getting VERY close to this reinstatement.
5-7-2018 Newshound Guru Kaperoni There are people that own dinar that are just learning about the 2% compliance requirement from the IMF...This information is not secret it's posted in the Article IV Consultations from the IMF. There are some that try to avoid it by saying it doesn't apply or it's outdated. The fact is it's been stated in the Article IV Consultation in 2012, again in 2015 and the most recent September of 2017.
5-7-2018 Newshound Guru chattels Article quote: "Security forces in Babel have entered a state of ultimatum with the participation of more than "20,000" security elements to secure the general elections to be held next Saturday (May 12th)." 5 days remaining until the election. Maliki went to court to try to stop the use of electronic voting machines. Latest try by ruling parties to get rid of devices.
5-7-2018 Intel Guru Delta Article: "Monetary stability and financial inclusion" I DID READ IT IN ARABIC THE LAST PART IS SAYING THAT THE REAL VALUE WILL BE REVEALED IN THE COMING DAYS...
5-7-2018 Newshound Guru MilitiaMan Article: "National Bank announces the completion of the electronic system for the completion of transactions" The...article tells it plain and simple the system has been tested and...have overcome many challenges along the way... Article: "Monetary stability and financial inclusion" They are imo...are saying to us they are in fact activating the MR of the IQD. The are depending on the Dinar, they are telling us they are ceasing Multi Currency Practices, as they have the rate in a very tight non profitable manner. They even...go so far as to tell you straight up that the value of the Dollar is lower than the value of the Dinar...We are told they are bringing in NEW Currency. E-Dinar is not going to be at a program rate. E- Dinar equates to LDs with that technology in place...imo! ...Imo All are ready to be activated, as they are syncronized now, imo.
5-6-2018 Newshound Guru Kaperoni There are significant risks to opening the capital account before adopting a flexible exchange rate therefore a float is the only option in this situation. This is also why there cannot be a RI or RV of te dinar. Not to mention, the significant amount of dinar exceeding 60 trillion (which is somewhere around 36 trillion or double the world’s money supply in circulation) that can only be reduced gradually as the dinar appreciates. The only option is a float. [post 4 of 4]
5-6-2018 Newshound Guru Kaperoni The dinar was devalued to 1,184 per U.S dollar in 2015 December 2015 This is for ease of monitoring through out the 3 year agreement remaining pegged to the dollar...the exchange rate is real, not artificial or temporary. It is sound monetary policy executed over the years by the Central Bank of Iraq and at time with guidance from the IMF. The next stage will be as designated from the IMF. To move to Article VIII upon formal compliance of these measures instituted over the past 3 years. The move is designed send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of MCPs and restrictions for current international transactions and thus facilitate creation of a favorable business climate. The peg anchor must also change at that time moving to great exchange rate flexibility which will provide to the CBI additional flexibility in response to external shocks, including large and volatile capital flows (the plan for private investment). This is critical for the CBI to introduce its market maker roll by floating the dinar allow the opening of the CBI’s capital account. [post 3 of 4....stay tuned]
5-6-2018 Newshound Guru Kaperoni Over the next year, the dinar strengthened as the CBI instituted a managed float to combat inflation reducing the exchange rate to 1500 to $1 USD range. The Central Bank Law was drafted and adopted, presumably with advice from Coalition and IMF advisors, to prohibit Iraq from adopting a currency board. Nevertheless, from about February 2004 through September 2006, the Central Bank of Iraq stabilized the dinar against the dollar at about 1200 and introduced daily sales of dollars to meet demand through it’s daily currency auction. The International Monetary Fund (IMF) endorsed the stable dinar policy in its various country reports during that period. An authority on currency boards, Steven Hanke printed a report at that time indicated that CBI then effectively operated as a currency board, but without calling it that. Since late 2006 the IQD has been moved off the managed float and pegged to the dollar at 1170. A 4 dinar increment was accepted in 2008 making the dinar 1166 to $1. In 2015, as part of a new IMF Staff Monitoring Program agreement... [post 2 of 4....stay tuned]
5-6-2018 Newshound Guru Kaperoni The IQD exchange rate is the official rate of the dinar. It is not an artificial rate or a program rate... The CBI has not referred to it as such and if so it would be posted as so on the CBI website... To explain how the rate came about we must go back to post war under Saddam. After the Gulf War, Iraq replaced the old “Swiss” dinars (as they were known because they were printed in Switzerland) with “Saddam” dinars, and then printed ever larger quantities to make up for the government’s chronic budget shortfalls. Though the government maintained the official exchange rate of Saddam dinars at 0.3 to the dollar, the black market exchange rate reached 2,000 to the dollar by the time Coalition Forces attacked Iraq. By the end of April 2003, their value was around 3,000 to the dollar. Until a new system and currency could be established (IQD), the dollar was the “official” currency. The dollar has circulated widely in Iraq for years. By some estimates, Treasury officials say, as much as $500 million may have been circulating before the war. Once the new currency (IQD) was printed and delivered the CBI introduce the new dinar at a 3000 to $1 exchange rate under the guidance of the IMF and Article XIV known as “transitional.” [post 1 of 4....stay tuned]
5-6-2018 Newshound Guru chattels "...1001 Iraqi Thoughts commissioned a public opinion survey in Iraq to gauge the popularity of competing parties ahead of parliamentary elections scheduled for 12th May...." The results show a number of key findings: Some 60% of people overall support a second term for Prime Minister Haider Al-Abadi. His popularity is highest in the three liberated provinces of Ninewa, Salahadin and Anbar. Even in the Kurdistan Region, Al-Abadi enjoys support from over 50% of those interviewed. The popular vote as to a favored coalition is decidedly for Abadi's Victory list. Three to one as to Sadr and Ameri and almost 5 to 1 as to Maliki / State of Law..." Six (6) days remaining until the election.
5-6-2018 Newshound Guru Kaperoni The dinar was devalued to 1,184 per U.S dollar in 2015 December 2015 This is for ease of monitoring through out the 3 year agreement remaining pegged to the dollar...the exchange rate is real, not artificial or temporary. It is sound monetary policy executed over the years by the Central Bank of Iraq and at time with guidance from the IMF. The next stage will be as designated from the IMF. To move to Article VIII upon formal compliance of these measures instituted over the past 3 years. The move is designed send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of MCPs and restrictions for current international transactions and thus facilitate creation of a favorable business climate. The peg anchor must also change at that time moving to great exchange rate flexibility which will provide to the CBI additional flexibility in response to external shocks, including large and volatile capital flows (the plan for private investment). This is critical for the CBI to introduce its market maker roll by floating the dinar allow the opening of the CBI’s capital account. [post 3 of 4....stay tuned]
5-6-2018 Newshound Guru Kaperoni Over the next year, the dinar strengthened as the CBI instituted a managed float to combat inflation reducing the exchange rate to 1500 to $1 USD range. The Central Bank Law was drafted and adopted, presumably with advice from Coalition and IMF advisors, to prohibit Iraq from adopting a currency board. Nevertheless, from about February 2004 through September 2006, the Central Bank of Iraq stabilized the dinar against the dollar at about 1200 and introduced daily sales of dollars to meet demand through it’s daily currency auction. The International Monetary Fund (IMF) endorsed the stable dinar policy in its various country reports during that period. An authority on currency boards, Steven Hanke printed a report at that time indicated that CBI then effectively operated as a currency board, but without calling it that. Since late 2006 the IQD has been moved off the managed float and pegged to the dollar at 1170. A 4 dinar increment was accepted in 2008 making the dinar 1166 to $1. In 2015, as part of a new IMF Staff Monitoring Program agreement... [post 2 of 4....stay tuned]
5-6-2018 Newshound Guru Kaperoni The IQD exchange rate is the official rate of the dinar. It is not an artificial rate or a program rate... The CBI has not referred to it as such and if so it would be posted as so on the CBI website... To explain how the rate came about we must go back to post war under Saddam. After the Gulf War, Iraq replaced the old “Swiss” dinars (as they were known because they were printed in Switzerland) with “Saddam” dinars, and then printed ever larger quantities to make up for the government’s chronic budget shortfalls. Though the government maintained the official exchange rate of Saddam dinars at 0.3 to the dollar, the black market exchange rate reached 2,000 to the dollar by the time Coalition Forces attacked Iraq. By the end of April 2003, their value was around 3,000 to the dollar. Until a new system and currency could be established (IQD), the dollar was the “official” currency. The dollar has circulated widely in Iraq for years. By some estimates, Treasury officials say, as much as $500 million may have been circulating before the war. Once the new currency (IQD) was printed and delivered the CBI introduce the new dinar at a 3000 to $1 exchange rate under the guidance of the IMF and Article XIV known as “transitional.” [post 1 of 4....stay tuned]
5-6-2018 Newshound Guru chattels "...1001 Iraqi Thoughts commissioned a public opinion survey in Iraq to gauge the popularity of competing parties ahead of parliamentary elections scheduled for 12th May...." The results show a number of key findings: Some 60% of people overall support a second term for Prime Minister Haider Al-Abadi. His popularity is highest in the three liberated provinces of Ninewa, Salahadin and Anbar. Even in the Kurdistan Region, Al-Abadi enjoys support from over 50% of those interviewed. The popular vote as to a favored coalition is decidedly for Abadi's Victory list. Three to one as to Sadr and Ameri and almost 5 to 1 as to Maliki / State of Law..." Six (6) days remaining until the election.
5-5-2018 Newshound/Intel Guru Mnt Goat So here we sit literally just 8 days left to the Iraqi elections. Still no RV. TICK TOCK, TICK TOCK THE CLOCK IS TICKING...look deep into what the CBI and the GOI have been telling us... ...“Look at what they are saying and what they plan to do”, “They may be bit late and even change target timeframes, but they always eventually carry it out”... ...Like I told everyone these last few weeks prior to the elections would be very quiet due to the campaigning of the politicians. We have much...evidence that any kind of RV would not even have a chance in hell of happening until at least after the elections are over. ...We know the CBI is waiting to see the level of stability of the post-election period. We know they are targeting the reinstatement of the Iraqi currency very shortly afterwards, if all goes well. So everyone should relax and watch it all play out.
5-5-2018 Newshound Guru chattels My recollection is that there was a period(s) of compliance before Shabbibi was threatened with criminal investigation / prosecution, but that was some years ago. Iraq was certainly not "in compliance" over the past year and until just recently.
5-5-2018 Newshound Guru Walkingstick [Things have been happening for a long time...how long can this process keep going?] It, will continue... until, the environment is right... It is, unfolding before your very eyes... has been, for some time...Just an FYI... ...The technical aspects for implementing this process have been in place for a number of years... it will not be implemented haphazardly/carelessly for risk of failure...
5-5-2018 Newshound Guru chattels My recollection is that there was a period(s) of compliance before Shabbibi was threatened with criminal investigation / prosecution, but that was some years ago. Iraq was certainly not "in compliance" over the past year and until just recently.
5-5-2018 Newshound Guru Walkingstick [Things have been happening for a long time...how long can this process keep going?] It, will continue... until, the environment is right... It is, unfolding before your very eyes... has been, for some time...Just an FYI... ...The technical aspects for implementing this process have been in place for a number of years... it will not be implemented haphazardly/carelessly for risk of failure...
5-4-2018 Newshound Guru MilitiaMan Article quote "The unification of categories Iraqi currency dinar after the issuance of the new Iraqi currency with international specifications and the use of this currency throughout the country to the north and south.” This is put out to the Public today and again Banks are closed in Iraq... I see it speaks of the NEW IRAQI Currency. Now lets keep that word NEW into perspective. ...This article about the NEW from the beginning to the end of the PROCESS! imo...
5-4-2018 Newshound Guru Kaperoni ...I didn't say years in the sense that it won't happen for years. I said it could take years to increase but I fully believe it'll start this year. [reference Guru Kaperoni post 5-4-2018] I must have said this at least a thousand times there is no overnight RV or are RI. When the Central Bank of Iraq moves to Article VIII to make the dinar internationally convertible and exchangeable and tradable worldwide they will have to leave the Peg and move to a float. How fast the dinar rises is directly related to the investment that comes into Iraq and its capital account. There is no way to know how fast it will rise until it actually happens and we see what investors do. So first we're looking for 41 more days for compliance, then we're looking for the CBI to make a decision to move to Article VIII and write the letter to the IMF requesting acceptance, then it's the CBI exiting the peg moving to a float. How fast it rises once it begins to float is directly proportional to investment which could be fast or could be months or even longer. This is not an overnight event.
5-4-2018 Intel Guru Bruce Iraq did make a rate change that was for the Platform purposes...a Platform rate for the dinar so it could be initiated. However, that rate has not fully been put out for people to know about it yet. ...We also know the troops were pulled out...Iraq is basically in charge of their country and they have their sovereignty...and we don’t have to be there to protect anymore. That is a good sign for us. ...I have been told from two sources this could happen anytime meaning any moment now... we are looking very good regardless if we get started right away or we have to wait a few days. We will see what will happen the next few days. [post 2 of 2]
5-4-2018 Intel Guru Bruce ...what I heard since Tuesday...the intention was for us to go Tuesday night overnight to Wednesday morning. That was the intention. What happened was President Trump wanted it to take place, but he wanted it to be obviously safe for us to go and speaking with Pentagon he found he was asked to give it a few more days...we need a little bit more time for security purposes... ...I have better information than you realize and a lot of the stuff I can’t bring... So what I am going to tell you is I believe those concerns are being taken care of and I believe we are in a very slight waiting period, but it shouldn’t be too much from what I am hearing... [post 1 of 2....stay tuned]
5-4-2018 Newshound Guru Kaperoni Based on our calculations there are still 42 days that Iraq needs to meet the 2% compliance under the IMF guidelines before they can even consider moving to Article VIII. ...the CBI may be waiting for many things including not only the 2% compliance, the elections to conclude and a government formed, laws to be passed through Parliament and any other number of contracts for investment. In other words, this could still be months away before we see the CBI write the letter to the IMF. And what I am describing is only the transition to IMF Article VIII, Iraq still needs to choose a new exchange rate regime which is a float and it could take months or even years before the dinar appreciates to a value that we all wish for.
5-4-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQI SUPREME COURT: ARTICLE 140 IS IN FORCE AND MUST BE IMPLEMENTED" It is NOT yet all a resolved issue. ...It was predicted, Article 140 was one of the 3 main issues needing solved before any major market shift could happen. Now we see that the Supreme Court of Iraq has finally made their decision and announced it this again this week. But this is not anything new. This is an old article. The important part is now they recognize the fact that just because the period specified in the constitution has passed it did not expire and the Article must be implemented. ...The constitution...also says that to implement it they need a “referendum” which is a law passed in parliament to support the implementation...this is how they implement something legal – THROUGH A LAW. ...By the way the other 2 issues were the Banking Reforms and HCL {oil and gas law}. Both of these are completed, as we have read many times already.
5-4-2018 Newshound Guru Kaperoni ...I didn't say years in the sense that it won't happen for years. I said it could take years to increase but I fully believe it'll start this year. [reference Guru Kaperoni post 5-4-2018] I must have said this at least a thousand times there is no overnight RV or are RI. When the Central Bank of Iraq moves to Article VIII to make the dinar internationally convertible and exchangeable and tradable worldwide they will have to leave the Peg and move to a float. How fast the dinar rises is directly related to the investment that comes into Iraq and its capital account. There is no way to know how fast it will rise until it actually happens and we see what investors do. So first we're looking for 41 more days for compliance, then we're looking for the CBI to make a decision to move to Article VIII and write the letter to the IMF requesting acceptance, then it's the CBI exiting the peg moving to a float. How fast it rises once it begins to float is directly proportional to investment which could be fast or could be months or even longer. This is not an overnight event.
5-4-2018 Intel Guru Bruce Iraq did make a rate change that was for the Platform purposes...a Platform rate for the dinar so it could be initiated. However, that rate has not fully been put out for people to know about it yet. ...We also know the troops were pulled out...Iraq is basically in charge of their country and they have their sovereignty...and we don’t have to be there to protect anymore. That is a good sign for us. ...I have been told from two sources this could happen anytime meaning any moment now... we are looking very good regardless if we get started right away or we have to wait a few days. We will see what will happen the next few days. [post 2 of 2]
5-4-2018 Intel Guru Bruce ...what I heard since Tuesday...the intention was for us to go Tuesday night overnight to Wednesday morning. That was the intention. What happened was President Trump wanted it to take place, but he wanted it to be obviously safe for us to go and speaking with Pentagon he found he was asked to give it a few more days...we need a little bit more time for security purposes... ...I have better information than you realize and a lot of the stuff I can’t bring... So what I am going to tell you is I believe those concerns are being taken care of and I believe we are in a very slight waiting period, but it shouldn’t be too much from what I am hearing... [post 1 of 2....stay tuned]
5-4-2018 Newshound Guru Kaperoni Based on our calculations there are still 42 days that Iraq needs to meet the 2% compliance under the IMF guidelines before they can even consider moving to Article VIII. ...the CBI may be waiting for many things including not only the 2% compliance, the elections to conclude and a government formed, laws to be passed through Parliament and any other number of contracts for investment. In other words, this could still be months away before we see the CBI write the letter to the IMF. And what I am describing is only the transition to IMF Article VIII, Iraq still needs to choose a new exchange rate regime which is a float and it could take months or even years before the dinar appreciates to a value that we all wish for.
5-4-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQI SUPREME COURT: ARTICLE 140 IS IN FORCE AND MUST BE IMPLEMENTED" It is NOT yet all a resolved issue. ...It was predicted, Article 140 was one of the 3 main issues needing solved before any major market shift could happen. Now we see that the Supreme Court of Iraq has finally made their decision and announced it this again this week. But this is not anything new. This is an old article. The important part is now they recognize the fact that just because the period specified in the constitution has passed it did not expire and the Article must be implemented. ...The constitution...also says that to implement it they need a “referendum” which is a law passed in parliament to support the implementation...this is how they implement something legal – THROUGH A LAW. ...By the way the other 2 issues were the Banking Reforms and HCL {oil and gas law}. Both of these are completed, as we have read many times already.
5-2-2018 *** Dinar Guru News Update *** The dinar CBI Official Rate and the Central bank of Iraq's reported Market Rate for the dinar is listed in the Dinar Guru Resource Bar on the left side of this page... The market rate has continued to slowly rise in value for the last 4 months. [REMEMBER the lower the number here the MORE value to the dollar the dinar has...in this case LOWER is better.] The last CBI Market Rate update was 1197 on 5-2-18 and has been under 1215 since March 15, 2018 and has been under 1200 since April 23, 2018. The difference between the CBI Official Rate and the CBI reported Market Rate has been as low as 11 dinars. When considering the CBI's commission for selling dinar (the gurus report this to be 6 dinar)...the difference between the Official and Market rate has been only 5 dinars. Stay tuned for what the gurus think all this means for the future of the dinar... [the latest guru posts will continue below...]
5-3-2018 Intel Guru Bluwolf After seeking confirmed information, I am lead to the optimistic assumption that we are just moments away in receiving the 800 number that will relieve our world from economic stress and crashes...So it won't be long now, have your paperworks ready for we are on the highest level of alerts.
5-3-2018 Intel Guru Frank26 There are some banking meetings with a lot of firms in Iraq and IMO it is possible that soon they plan to enter a new currency...That the CBI and Alak in these meetings plan to enter a new currency. Solely in my opinion and not proof. [Guru] Walkingstick's firm does not care about the rate. They care about the currency becoming International and if becomes International you get the reinstatement of the Iraq dinar.
5-3-2018 Newshound/Intel Guru BGG Article: "The dollar is falling again on the Iraq Stock Exchange" Quote: "The market price in the Kifah Stock Exchange in Baghdad was 1195.5 dinars per dollar, ie 119 thousand and 550 dinars per hundred dollars.The prices of selling and buying dollars in banking companies were: The sale price of one dollar 1200 dinars, or 120 thousand dinars, for one hundred dollars. And the purchase price of the dollar is 1190 dinars, or 119 thousand dinars, for one hundred dollars, and this price is the lowest recorded by the currency markets for years in Iraq." This is good. The exchange continues to “fall”… (against the USD) – which means it’s getting better.
5-3-2018 Newshound/Intel Guru Mnt Goat Why would the CBI care if these corrupt politicians are prosecuted now or later? The CBI cares because they are involved in the corruption dealing with the banking system and the banking system is part of the monetary policy. ...THIS IS THE CBI’s RESPONSIBILITY!!! They don’t want these 1,000 corrupt people in politics or medaling in the monetary policy and need to address this as a major part of cleaning up the corruption scams in Iraq. ...Did I mention part of the 2015 Stand-by- Agreement (SBA) with the IMF also has this as an item to address. ...So, yes this is a VERY important issue to the CBI. The other issue with these currency auction corruption cases is that these political figures are BLOCKING this project and trying to sabotage it so these auctions would not end. Get it? These auctions are the goose that lays the golden eggs for them. Why kill the goose? ...I hope everyone now understands what is holding up the RV? [post 2 of 2]
5-3-2018 Newshound/Intel Guru Mnt Goat Article quote: “THE SUBJECT OF DELETING ZEROS FROM THE CURRENCY IS READY BUT NEEDS A SUITABLE ENVIRONMENT TO BE APPLIED TO PREVENT MANIPULATION AND FRAUD." ...So what manipulation and fraud is Al-Allaq talking about? ...What is all over the latest news from the CBI? ...What seems to be their major concern with MANIPULATING or FRAUDULANT activities? ...I am talking about the Currency Auctions!!! ...the good news is there is a plan to deal with this corruption. The plan is to WAIT UNTIL AFTER THE ELECTIONS. So this is PM Abadi’s plan when and if he does get re-elected. But remember this all could change if he doesn’t get re-elected. So there is a lot riding on this May 12th election. Relax I firmly believe he will get elected again. [post 1 of 2....stay tuned]
5-3-2018 Newshound Guru chattels Article quote: "The price of the market in the Stock Exchange in Baghdad 1200 dinars to the dollar, or 120 thousand dinars for one hundred dollars, and the price yesterday at 1197 dinars to the dollar." Stock Exchange in Baghdad 1200 dinars to the dollar... There are different exchange rates being reported by different news agencies on the same day. The absence of any "official" rate(s) makes a determination by us as to complaince all the more suspect. We wait, watch, wonder and wish, eh?
[Note: The latest CBI reported Market Rate is listed in the Dinar Guru Resource Bar on the left of this page...]
5-3-2018 Newshound Guru Kaperoni There's also another...myth that recently is brought up once again, the talk of Iraq selling oil or oil credits to the United States at some ridiculously low price. That's utter nonsense.
5-3-2018 Intel Guru Footforward Domino's are falling. Iran thing is heating up...North Korea is being sorted out one way or another. Russia bombshells are coming. ...things are falling into place. The RV is going to happen.
5-3-2018 Intel Guru Frank26 There are some banking meetings with a lot of firms in Iraq and IMO it is possible that soon they plan to enter a new currency...That the CBI and Alak in these meetings plan to enter a new currency. Solely in my opinion and not proof. [Guru] Walkingstick's firm does not care about the rate. They care about the currency becoming International and if becomes International you get the reinstatement of the Iraq dinar.
5-3-2018 Newshound/Intel Guru BGG Article: "The dollar is falling again on the Iraq Stock Exchange" Quote: "The market price in the Kifah Stock Exchange in Baghdad was 1195.5 dinars per dollar, ie 119 thousand and 550 dinars per hundred dollars.The prices of selling and buying dollars in banking companies were: The sale price of one dollar 1200 dinars, or 120 thousand dinars, for one hundred dollars. And the purchase price of the dollar is 1190 dinars, or 119 thousand dinars, for one hundred dollars, and this price is the lowest recorded by the currency markets for years in Iraq." This is good. The exchange continues to “fall”… (against the USD) – which means it’s getting better.
5-3-2018 Newshound/Intel Guru Mnt Goat Why would the CBI care if these corrupt politicians are prosecuted now or later? The CBI cares because they are involved in the corruption dealing with the banking system and the banking system is part of the monetary policy. ...THIS IS THE CBI’s RESPONSIBILITY!!! They don’t want these 1,000 corrupt people in politics or medaling in the monetary policy and need to address this as a major part of cleaning up the corruption scams in Iraq. ...Did I mention part of the 2015 Stand-by- Agreement (SBA) with the IMF also has this as an item to address. ...So, yes this is a VERY important issue to the CBI. The other issue with these currency auction corruption cases is that these political figures are BLOCKING this project and trying to sabotage it so these auctions would not end. Get it? These auctions are the goose that lays the golden eggs for them. Why kill the goose? ...I hope everyone now understands what is holding up the RV? [post 2 of 2]
5-3-2018 Newshound/Intel Guru Mnt Goat Article quote: “THE SUBJECT OF DELETING ZEROS FROM THE CURRENCY IS READY BUT NEEDS A SUITABLE ENVIRONMENT TO BE APPLIED TO PREVENT MANIPULATION AND FRAUD." ...So what manipulation and fraud is Al-Allaq talking about? ...What is all over the latest news from the CBI? ...What seems to be their major concern with MANIPULATING or FRAUDULANT activities? ...I am talking about the Currency Auctions!!! ...the good news is there is a plan to deal with this corruption. The plan is to WAIT UNTIL AFTER THE ELECTIONS. So this is PM Abadi’s plan when and if he does get re-elected. But remember this all could change if he doesn’t get re-elected. So there is a lot riding on this May 12th election. Relax I firmly believe he will get elected again. [post 1 of 2....stay tuned]
5-3-2018 Newshound Guru chattels Article quote: "The price of the market in the Stock Exchange in Baghdad 1200 dinars to the dollar, or 120 thousand dinars for one hundred dollars, and the price yesterday at 1197 dinars to the dollar." Stock Exchange in Baghdad 1200 dinars to the dollar... There are different exchange rates being reported by different news agencies on the same day. The absence of any "official" rate(s) makes a determination by us as to complaince all the more suspect. We wait, watch, wonder and wish, eh?
[Note: The latest CBI reported Market Rate is listed in the Dinar Guru Resource Bar on the left of this page...]
5-3-2018 Newshound Guru Kaperoni There's also another...myth that recently is brought up once again, the talk of Iraq selling oil or oil credits to the United States at some ridiculously low price. That's utter nonsense.
5-3-2018 Intel Guru Footforward Domino's are falling. Iran thing is heating up...North Korea is being sorted out one way or another. Russia bombshells are coming. ...things are falling into place. The RV is going to happen.
5-2-2018 Intel Guru RayRen98 ...I think this is unlikely to be released today or tomorrow, but Friday and Saturday are both possible. It will come up on Forex first, and then the next morning at the banks.
5-2-2018 Intel Guru Dr. Clarke At the soonest, there’s a great shot at this from the 13th thru 15th, heading into Ramadan for 30 days, the perfect time (Downtime, Gratitude & Forgiveness) to “Manage the Insanity” that will incur AFTER the Rate Changes - Immediately AFTER THE ELECTION - Retail pricing changes, Paycheck adjustments, Bank runs for currency swaps, Contracts & Agreements, Taxes, Foreign Trade...all happening AFTER the election. NOT Before. It’s too BIG to Manage BEFORE the election...which is only 10 Days Away from Today...Plus, there is one other major thing, that must happen for AFTER the Election, that we cannot mention & explain just yet - until AFTER the election - that will determine the timing of this event. IN ANY EVENT...“MAY 2018” [post 3 of 3]
5-2-2018 Intel Guru Dr. Clarke (btw, OIL is skyrocketing @ $75+...Every hour that passes, is a cha-ching! moment for Iraq...by Design) ...We have NO REASON to Believe, according to our Long Long List of Data poop, that this will go into June or later. (other than maybe gambling & playing the exchange rate game.) We have EVERY REASON to Believe, this happens in “MAY 2018”. However, we always say, “THERE ARE NO GUARANTEES IN LIFE. NONE.” [post 2 of 3....stay tuned]
5-2-2018 Intel Guru Dr. Clarke WHY did we circle Sunday, April 29, 2018, on the calendar? Because it was THE BIG Turning Point. North & South Korea, formally agreed to END the Korean War, and bring the two countries together in Peace, after 65 years (1953) - making History...AND De-Nuclearize, and shut down nuclear plants...(Actually we were off by 2 days, because they announced it early, on the 27th.) We cannot tell you how BIG this is, in terms of Economic stability & adjustments...like World currency management. Everyone wants to focus solely on Iraq, but we’ve got BIG News for you...and we’ve ALWAYS SAID this...IT’S GLOBAL - UN, IMF, U.S. [post 1 of 3....stay tuned]
5-2-2018 Newshound Guru sandyf "The Governor of the Iraqi Central Bank issued a statement that floating of the Iraqi dinar currency is very hard to implement as the monopoly of Iraqi government regarding the distribution of the U.S dollar and other foreign currencies in the country. The CBI Governor Ali Al-Alak said in a press interview that most oil producing and exporting countries rely on a fixed exchange rate or fixed according to flexibility. It doesn’t affect the mechanism of floating the currency and never happened in Iraq or other oil rich countries." The statement from Alak is ambiguous and could be interpreted various ways. A floating exchange rate is not the preferred option of an emerging economy so I see it highly unlikely. Egypt was forced into it and lost half its value overnight, not a particularly good example.
5-2-2018 Newshound Guru Kaperoni There can never be a substantial RV or RI...to the Iraqi dinar it's simply just not possible. There is too much currency in circulation. Everyone would love to see a substantial increase over night, it's the fantasy, it's the dream but that's just not how things work and in this case it's also not how monetary policy works. If there's ever going to be an increase in the Iraqi dinar it's going to have to be gradual overtime. And like I said if it's ever going to continue to improve it will be done gradually. The good news is if investors come as expected and there is a substantial influx of capital, the exchange rate should also rise.
5-2-2018 Newshound Guru Breitling ...What would be the optimal time for Iraq to revalue? This is just my opinion. I have not heard them talk about this and there are no articles attached to this…it very rare that I throw my opinion out. In my opinion they should revalue before the prices go down in energy…if they wait for the oil prices to go down too far then they can only make money off revaluing their currency…What’s the date? I don’t know. What’s that rate? They are going to have to have enough to compete in the world. In other words they have to have a price that people can go out and invest...for people to take the dinar seriously. So it’s not going to be at a tenth of a penny. It’s not going to be two cents. It’s not going to be ten cents. It’s going to be up there…the currency has to be able to compete with the Euro and the US dollar. And that’s how it works and that’s what’s coming down the road. It’s all based on energy and the projection of energy…
5-2-2018 Intel Guru Bruce ...We are waiting for a manifestation of their new rate. We have been looking for it to show on their new CBI site... More evidence on the bank screens...We know it has been traded on the back screens. It has been on then off for days with a blinking flashing rate. We know it has come back on with a trading range. They have been playing with it the last week or two. Now it should be solid, and hopefully we will find that out if not tonight, but tomorrow [Wednesday]. This is what we were looking for to happen. My understanding is our President Trump sort of initiated this for Iraq late last night. This gives Iraq their sovereignty. ...Not only did they finally get permission to revalue to do that, their ATMs have the lower denominations and have value now, and that can move forward. [post 2 of 2]
5-2-2018 Intel Guru Bruce First of all I got word this morning [Tuesday] from couple of different sources that last night...that Iraq had effectively revalued. Of course, here is the thing. We knew they had a new in country rate for a while, their Qi cards had been active, and they had the new Visa Qi cards in addition to the Master Qi cards. The Visa Cards were tied in with the Rifadain Bank those cards are for the portion of the oil revenue sharing that the citizens receives every month on their new Visa card...Saturday was the first day they were really to receive any funds on that. ...Their markets were closed today on May 1st. China and Iraq markets were closed. They were not trading. Their banks were closed. They revalued late last night into the overnight our time but nobody was there to hear it. In this case the reevaluation took place but we haven’t seen it yet. We were able to get confirmation from several other sources throughout the day that Yes it in fact did happen. Do they want us to know about this yet? Probably not. [post 1 of 2....stay tuned]
5-2-2018 Intel Guru Frank26 [via sunny] Iraq has no need for chip technology unless they are going International. Visa and MasterCard International would have never signed an MOU (Memorandum of Understanding) if Iraq was not out of Article 8. Around Nov, Dec of last year, MC and VISA came to Iraq bragging about bringing the cards into Iraq. Did you see them sign any Memo’s of Understanding? They did a few days ago. They cannot do that under a program rate. The monetary reform is creeping up on us every day. They have to have a tradable and International currency. It is that simple... MC and VISA could not sign anything like that if Iraq did not have an International currency.
5-2-2018 Intel Guru RayRen98 PM Abadi was on Iraqi TV indicating an unprecedented move and historical event for the Iraqi economy. He stated that the auctions have declined and will continue to decline. The Supreme Federal Court has stated that the Article 140 is one of the important articles of the Constitution and must be implemented immediately! The Council of Ministers announced intentions to implement the programs followed by Rafidain Bank. Cleric Sadr is on Iraqi TV campaigning a second term for PM Abadi. (Will wonders never cease? LOL) Discussions are surfacing regarding citizen's payments being adjusted to match those same types of payments in other countries.
5-2-2018 Intel Guru Dr. Clarke At the soonest, there’s a great shot at this from the 13th thru 15th, heading into Ramadan for 30 days, the perfect time (Downtime, Gratitude & Forgiveness) to “Manage the Insanity” that will incur AFTER the Rate Changes - Immediately AFTER THE ELECTION - Retail pricing changes, Paycheck adjustments, Bank runs for currency swaps, Contracts & Agreements, Taxes, Foreign Trade...all happening AFTER the election. NOT Before. It’s too BIG to Manage BEFORE the election...which is only 10 Days Away from Today...Plus, there is one other major thing, that must happen for AFTER the Election, that we cannot mention & explain just yet - until AFTER the election - that will determine the timing of this event. IN ANY EVENT...“MAY 2018” [post 3 of 3]
5-2-2018 Intel Guru Dr. Clarke (btw, OIL is skyrocketing @ $75+...Every hour that passes, is a cha-ching! moment for Iraq...by Design) ...We have NO REASON to Believe, according to our Long Long List of Data poop, that this will go into June or later. (other than maybe gambling & playing the exchange rate game.) We have EVERY REASON to Believe, this happens in “MAY 2018”. However, we always say, “THERE ARE NO GUARANTEES IN LIFE. NONE.” [post 2 of 3....stay tuned]
5-2-2018 Intel Guru Dr. Clarke WHY did we circle Sunday, April 29, 2018, on the calendar? Because it was THE BIG Turning Point. North & South Korea, formally agreed to END the Korean War, and bring the two countries together in Peace, after 65 years (1953) - making History...AND De-Nuclearize, and shut down nuclear plants...(Actually we were off by 2 days, because they announced it early, on the 27th.) We cannot tell you how BIG this is, in terms of Economic stability & adjustments...like World currency management. Everyone wants to focus solely on Iraq, but we’ve got BIG News for you...and we’ve ALWAYS SAID this...IT’S GLOBAL - UN, IMF, U.S. [post 1 of 3....stay tuned]
5-2-2018 Newshound Guru sandyf "The Governor of the Iraqi Central Bank issued a statement that floating of the Iraqi dinar currency is very hard to implement as the monopoly of Iraqi government regarding the distribution of the U.S dollar and other foreign currencies in the country. The CBI Governor Ali Al-Alak said in a press interview that most oil producing and exporting countries rely on a fixed exchange rate or fixed according to flexibility. It doesn’t affect the mechanism of floating the currency and never happened in Iraq or other oil rich countries." The statement from Alak is ambiguous and could be interpreted various ways. A floating exchange rate is not the preferred option of an emerging economy so I see it highly unlikely. Egypt was forced into it and lost half its value overnight, not a particularly good example.
5-2-2018 Newshound Guru Kaperoni There can never be a substantial RV or RI...to the Iraqi dinar it's simply just not possible. There is too much currency in circulation. Everyone would love to see a substantial increase over night, it's the fantasy, it's the dream but that's just not how things work and in this case it's also not how monetary policy works. If there's ever going to be an increase in the Iraqi dinar it's going to have to be gradual overtime. And like I said if it's ever going to continue to improve it will be done gradually. The good news is if investors come as expected and there is a substantial influx of capital, the exchange rate should also rise.
5-2-2018 Newshound Guru Breitling ...What would be the optimal time for Iraq to revalue? This is just my opinion. I have not heard them talk about this and there are no articles attached to this…it very rare that I throw my opinion out. In my opinion they should revalue before the prices go down in energy…if they wait for the oil prices to go down too far then they can only make money off revaluing their currency…What’s the date? I don’t know. What’s that rate? They are going to have to have enough to compete in the world. In other words they have to have a price that people can go out and invest...for people to take the dinar seriously. So it’s not going to be at a tenth of a penny. It’s not going to be two cents. It’s not going to be ten cents. It’s going to be up there…the currency has to be able to compete with the Euro and the US dollar. And that’s how it works and that’s what’s coming down the road. It’s all based on energy and the projection of energy…
5-2-2018 Intel Guru Bruce ...We are waiting for a manifestation of their new rate. We have been looking for it to show on their new CBI site... More evidence on the bank screens...We know it has been traded on the back screens. It has been on then off for days with a blinking flashing rate. We know it has come back on with a trading range. They have been playing with it the last week or two. Now it should be solid, and hopefully we will find that out if not tonight, but tomorrow [Wednesday]. This is what we were looking for to happen. My understanding is our President Trump sort of initiated this for Iraq late last night. This gives Iraq their sovereignty. ...Not only did they finally get permission to revalue to do that, their ATMs have the lower denominations and have value now, and that can move forward. [post 2 of 2]
5-2-2018 Intel Guru Bruce First of all I got word this morning [Tuesday] from couple of different sources that last night...that Iraq had effectively revalued. Of course, here is the thing. We knew they had a new in country rate for a while, their Qi cards had been active, and they had the new Visa Qi cards in addition to the Master Qi cards. The Visa Cards were tied in with the Rifadain Bank those cards are for the portion of the oil revenue sharing that the citizens receives every month on their new Visa card...Saturday was the first day they were really to receive any funds on that. ...Their markets were closed today on May 1st. China and Iraq markets were closed. They were not trading. Their banks were closed. They revalued late last night into the overnight our time but nobody was there to hear it. In this case the reevaluation took place but we haven’t seen it yet. We were able to get confirmation from several other sources throughout the day that Yes it in fact did happen. Do they want us to know about this yet? Probably not. [post 1 of 2....stay tuned]
5-2-2018 Intel Guru Frank26 [via sunny] Iraq has no need for chip technology unless they are going International. Visa and MasterCard International would have never signed an MOU (Memorandum of Understanding) if Iraq was not out of Article 8. Around Nov, Dec of last year, MC and VISA came to Iraq bragging about bringing the cards into Iraq. Did you see them sign any Memo’s of Understanding? They did a few days ago. They cannot do that under a program rate. The monetary reform is creeping up on us every day. They have to have a tradable and International currency. It is that simple... MC and VISA could not sign anything like that if Iraq did not have an International currency.
5-2-2018 Intel Guru RayRen98 PM Abadi was on Iraqi TV indicating an unprecedented move and historical event for the Iraqi economy. He stated that the auctions have declined and will continue to decline. The Supreme Federal Court has stated that the Article 140 is one of the important articles of the Constitution and must be implemented immediately! The Council of Ministers announced intentions to implement the programs followed by Rafidain Bank. Cleric Sadr is on Iraqi TV campaigning a second term for PM Abadi. (Will wonders never cease? LOL) Discussions are surfacing regarding citizen's payments being adjusted to match those same types of payments in other countries.
5-1-2018 Intel Guru Frank26 [via sunny] Coming out at 1:1 would be an insult! 78 Tons of gold! Saying they are pricing it into the dinar. CBI is controlling the exchange rate. ...The things that are being said are phenomenal! Abadi is the golden child right now. He turned the country around when no one thought he could. He is shining in the International world right now. The process of the RI of the Iraqi dinar is a highly political decision. It needs the support of the citizens. If the citizens do not have faith in Abadi himself then why would they have faith in what he is supporting. . . right now what the CBI is doing is for the citizens. They are the #1 priority right now. Not the RI, because it is already done. They lifted the three zeros in the first quarter (not public yet.). The smaller notes (lower denominations) are not out yet. Abadi said, "We are keeping our promises from the Kuwait Conference." The ball right now is a lot closer to the receiver in the end zone than you think.
5-1-2018 Newshound Guru Kaperoni ...there is a news article that says the price is 1200 to $1 which is well within compliance. Yesterday's reports from the auction had conflicting articles that varied from 1215 to $1 to 1205 to $1. Giving Iraq the benefit of the doubt, it appears that they are still in compliance and moving forward on the 90-day requirement. Remember the CBI stopped reporting officially the daily auctions last year so all we have is news articles as confirmation. [NOTE: The latest CBI reported market rate is listed in the Dinar Guru Resource Bar on the left of this page...]
5-1-2018 Intel Guru Frank26 [via sunny] The governing branch of GOI approved the modernizing of the banking system. In January, Feb. March of this year they completed the project. The modernizing and reforming of the banking system was a requirement of the IMF. Now there are articles out telling the citizens of Iraq (about this - the main thrust and point of Financial Inclusion week) The financial inclusion ENDED TODAY [Monday]. Everything that needed to be done for the RI was done in 1st quarter of 2018. Now the thrust is to educate the citizens. To include = Inclusion. Contracts will now be done in ONLY the local currency. Iraq’s currency! The dollar was always used to bridge them into any contract, any agreement. The CBI is saying we have control of our exchange rate.
5-1-2018 Intel Guru Delta [via sunny] Looks like they are ready to pull the trigger...Believe CBI is taking advantage of election confusion...They got the final green light. They are about to do this.
5-1-2018 Newshound/Intel Guru Mnt Goat Why does the US Treasury want these notes? The US Treasury plans to act as a broker for Iraqi oil. They will get oil credits for up to $32 a barrel. So if oil is selling on the open market for $70 a barrel the US Treasury buys it for $32 and sells it for $70 to other countries making a profit of $38 a barrel. WOW! This is also why the big push for the US to become oil independent. They can then sell these oil credits instead of using them for themselves. Yes, this is how the war will pay for itself (per GW Bush). As least this is the plan. So for this plan to work the citizens holding the dinar must exchange them. [post 2 of 2]
5-1-2018 Newshound/Intel Guru Mnt Goat [...CBI docs say 4.5 Trillion Dinar in circulation. Can you explain where the "money" would come from to exchange in U.S.?] The money for the exchange comes from the VALUE of the dinar, plain and simple. This is why the CBI needs to make sure the dinar can hold its value. Remember it is just not our exchanges but the trading on the open market also where trillions will be traded each day, not a one time shot like ours. ...But it is a bit more complicated if you only want to know where our billions maybe even trillions of dollars is going to come from... The money is simply going to come from the US Treasury that funded the banks for his event. The Federal Reserve has taken I.O.U from the Treasury Dept. The Treasury set up accounts at each bank for this funding. Then in order to get their money back from the I.O.U. they must turn in the IQD. They are then credited for the notes in a leger... [post 1 of 2....stay tuned]
5-1-2018 Newshound/Intel Guru BGG Article: "Iraqi Supreme Court: Article 140 is in force and must be implemented" In the simplest terms: it was predicted, Article 140 was one of the 3 main issues needing solved before any major market shift could happen…
5-1-2018 Newshound Guru Kaperoni ...there is a news article that says the price is 1200 to $1 which is well within compliance. Yesterday's reports from the auction had conflicting articles that varied from 1215 to $1 to 1205 to $1. Giving Iraq the benefit of the doubt, it appears that they are still in compliance and moving forward on the 90-day requirement. Remember the CBI stopped reporting officially the daily auctions last year so all we have is news articles as confirmation. [NOTE: The latest CBI reported market rate is listed in the Dinar Guru Resource Bar on the left of this page...]
5-1-2018 Intel Guru Frank26 [via sunny] The governing branch of GOI approved the modernizing of the banking system. In January, Feb. March of this year they completed the project. The modernizing and reforming of the banking system was a requirement of the IMF. Now there are articles out telling the citizens of Iraq (about this - the main thrust and point of Financial Inclusion week) The financial inclusion ENDED TODAY [Monday]. Everything that needed to be done for the RI was done in 1st quarter of 2018. Now the thrust is to educate the citizens. To include = Inclusion. Contracts will now be done in ONLY the local currency. Iraq’s currency! The dollar was always used to bridge them into any contract, any agreement. The CBI is saying we have control of our exchange rate.
5-1-2018 Intel Guru Delta [via sunny] Looks like they are ready to pull the trigger...Believe CBI is taking advantage of election confusion...They got the final green light. They are about to do this.
5-1-2018 Newshound/Intel Guru Mnt Goat Why does the US Treasury want these notes? The US Treasury plans to act as a broker for Iraqi oil. They will get oil credits for up to $32 a barrel. So if oil is selling on the open market for $70 a barrel the US Treasury buys it for $32 and sells it for $70 to other countries making a profit of $38 a barrel. WOW! This is also why the big push for the US to become oil independent. They can then sell these oil credits instead of using them for themselves. Yes, this is how the war will pay for itself (per GW Bush). As least this is the plan. So for this plan to work the citizens holding the dinar must exchange them. [post 2 of 2]
5-1-2018 Newshound/Intel Guru Mnt Goat [...CBI docs say 4.5 Trillion Dinar in circulation. Can you explain where the "money" would come from to exchange in U.S.?] The money for the exchange comes from the VALUE of the dinar, plain and simple. This is why the CBI needs to make sure the dinar can hold its value. Remember it is just not our exchanges but the trading on the open market also where trillions will be traded each day, not a one time shot like ours. ...But it is a bit more complicated if you only want to know where our billions maybe even trillions of dollars is going to come from... The money is simply going to come from the US Treasury that funded the banks for his event. The Federal Reserve has taken I.O.U from the Treasury Dept. The Treasury set up accounts at each bank for this funding. Then in order to get their money back from the I.O.U. they must turn in the IQD. They are then credited for the notes in a leger... [post 1 of 2....stay tuned]
5-1-2018 Newshound/Intel Guru BGG Article: "Iraqi Supreme Court: Article 140 is in force and must be implemented" In the simplest terms: it was predicted, Article 140 was one of the 3 main issues needing solved before any major market shift could happen…
4-30-2018 Intel Guru Delta ON 04/24 2 MARKETS IN IRAQ WERE SHOWING 0.00 FOR SALE IQD...WOWWW...VERY SOON WILL SAY BYE BYE...AUCTION...AND COME...ON 1-1
4-30-2018 Newshound Guru chattels "The exchange rate reached 1190 dinars per dollar in the auction..." The foregoing is conceivably / arguably "good news", eh ?
4-30-2018 Newshound/Intel Guru Mnt Goat Article: "SIGNING OF A MEMORANDUM OF UNDERSTANDING BETWEEN THE CENTRAL BANK OF IRAQ AND VISA INTERNATIONAL" This is huge! In order for International VISA to work properly Iraq will need an international currency on FOREX. Not just a “place holder” rate of 1184 either…just saying…
4-30-2018 Newshound Guru Aggiedad77 Article “Iraq's economy signs contract with Power China and Norinco to build Faw refinery” AM LOVING THIS KIND OF ACTIVITY...CAN'T BE BUILT OVERNIGHT...BUT LONG RANGE LOOKING THIS IS EXACTLY WHAT THE IRAQI'S NEED IMO...NEW TECHNOLOGY TO TAKE THEIR BLACK GOLD TO MARKET...THIS OIL MECCA WILL BE A HUGE HUB IN THE NEAR FUTURE...ALL IMO...
4-30-2018 Intel Guru Delta [MASTER-CARD! ATM DEBIT, AND / OR CREDIT... WITH "CHIP"..."SECURE + INTERNATIONAL"... IRAQ HAS NO NEED FOR "CHIP TECHNOLOGY"... "UNLESS"! THEY WILL SOON BE USED "INTERNATIONALLY"...IMO] BINGO BROTHER...(thumbs up)... ATM READY TO BE TURN ON...(Big Grin)
4-30-2018 Intel Guru Frank26 EVERYTHING WE HAVE FORECASTED FOR YOU VIA OUR OPINION IN OUR STUDY SHARING HAS AND IS...COMING ABOUT...OUR STUDY DOORS ARE SOON TO CLOSE...AS THE RI RAIN COMES IN A TORRENTIAL DELUGE...VERY SOON...IMO.
4-30-2018 Intel Guru Dr. Clarke Ramadan will Not Stop this. No Holidays will Stop this. Maliki will Not Stop this. (or any other candidate) Parliament in recess till June, will Not Stop this. Kurdistan will Not Stop this. Syrian & surrounding rebels, including Iran, will Not Stop this. Opposing Political parties within the U.S. and abroad, will Not Stop this. The Elections will Not Stop this. HAVE YOU CIRCLED SUNDAY, APRIL 29, 2018 yet? WE LIKE THIS DATE. BECAUSE, it’s 2 Days away from TUESDAY, MAY 1, 2018...12 Days Prior to the Election...bringing “MAY Flowers”...and it's a FULL MOON. We’ve stated before...: “MAY 2018” MAGIC. Sleep Well Tonight...
4-30-2018 Newshound/Intel Guru Mnt Goat So they couldn’t have gotten out of Chapter VII sanctions without also having struck some deal with Kuwait and the IMF for repayment. You see it is not the actual repayment that is important, but rather it is the satisfying the IMF and Kuwait of assurances of repayment in the future much like a secured loan would do. With Abadi as prime minister (and probably will get a second term) they know the govt will not default on the agreement. So the IMF took them off the sanctions. This was the last item to complete to get out of sanctions and they told us this many times in articles. So this is done as it would have to be to get our of Chapter VII. [post 2 of 2]
4-30-2018 Newshound/Intel Guru Mnt Goat [There appears to be still $4.5 billion remaining with regards to Kuwait War Reparations. Does that remaining $4.5 billion have to be paid out before the reinstatement of the Dinar can occur?] Months ago Kuwait and Iraq signed an agreement to pay down this debt in propane gas. Only they need a pipeline and are now building it. The recent payment to Kuwait is part of the agreement. ...the key to pay off of the war reparations is whether the IMF and Kuwait both agree to it. As long as both are satisfied then as far as the sanctions go it is done. ...in December 2017 it was announced Iraq is now “fully” out of Chapter VII? Just weeks before this announcement they told us this gas deal with Kuwait. [post 1 of 2....stay tuned]
4-30-2018 Intel/Newshound Guru sandyf ...The fundamental problem in all this is the interpretation of the term "revaluation". Revaluation is a recognised term in respect of an upward change in the value of a currency on a fixed exchange rate. Currencies on a floating exchange appreciate rather than revalue. Revaluation can also be used as the overall outcome of a redenomination, in this case it is a revaluation of the monetary unit and not the currency itself. Under certain circumstances the term can be used when the price of something changes value. It is just financially impossible for the Iraqi dinar to move from the current rate to around $4 in a currency revaluation per se. If there is to be any significant return on the dinar it has to come from a different direction. ...As far as Iraq is concerned, the redenomination could be the end of monetary reform, not the beginning...
4-30-2018 Newshound Guru chattels "The exchange rate reached 1190 dinars per dollar in the auction..." The foregoing is conceivably / arguably "good news", eh ?
4-30-2018 Newshound/Intel Guru Mnt Goat Article: "SIGNING OF A MEMORANDUM OF UNDERSTANDING BETWEEN THE CENTRAL BANK OF IRAQ AND VISA INTERNATIONAL" This is huge! In order for International VISA to work properly Iraq will need an international currency on FOREX. Not just a “place holder” rate of 1184 either…just saying…
4-30-2018 Newshound Guru Aggiedad77 Article “Iraq's economy signs contract with Power China and Norinco to build Faw refinery” AM LOVING THIS KIND OF ACTIVITY...CAN'T BE BUILT OVERNIGHT...BUT LONG RANGE LOOKING THIS IS EXACTLY WHAT THE IRAQI'S NEED IMO...NEW TECHNOLOGY TO TAKE THEIR BLACK GOLD TO MARKET...THIS OIL MECCA WILL BE A HUGE HUB IN THE NEAR FUTURE...ALL IMO...
4-30-2018 Intel Guru Delta [MASTER-CARD! ATM DEBIT, AND / OR CREDIT... WITH "CHIP"..."SECURE + INTERNATIONAL"... IRAQ HAS NO NEED FOR "CHIP TECHNOLOGY"... "UNLESS"! THEY WILL SOON BE USED "INTERNATIONALLY"...IMO] BINGO BROTHER...(thumbs up)... ATM READY TO BE TURN ON...(Big Grin)
4-30-2018 Intel Guru Frank26 EVERYTHING WE HAVE FORECASTED FOR YOU VIA OUR OPINION IN OUR STUDY SHARING HAS AND IS...COMING ABOUT...OUR STUDY DOORS ARE SOON TO CLOSE...AS THE RI RAIN COMES IN A TORRENTIAL DELUGE...VERY SOON...IMO.
4-30-2018 Intel Guru Dr. Clarke Ramadan will Not Stop this. No Holidays will Stop this. Maliki will Not Stop this. (or any other candidate) Parliament in recess till June, will Not Stop this. Kurdistan will Not Stop this. Syrian & surrounding rebels, including Iran, will Not Stop this. Opposing Political parties within the U.S. and abroad, will Not Stop this. The Elections will Not Stop this. HAVE YOU CIRCLED SUNDAY, APRIL 29, 2018 yet? WE LIKE THIS DATE. BECAUSE, it’s 2 Days away from TUESDAY, MAY 1, 2018...12 Days Prior to the Election...bringing “MAY Flowers”...and it's a FULL MOON. We’ve stated before...: “MAY 2018” MAGIC. Sleep Well Tonight...
4-30-2018 Newshound/Intel Guru Mnt Goat So they couldn’t have gotten out of Chapter VII sanctions without also having struck some deal with Kuwait and the IMF for repayment. You see it is not the actual repayment that is important, but rather it is the satisfying the IMF and Kuwait of assurances of repayment in the future much like a secured loan would do. With Abadi as prime minister (and probably will get a second term) they know the govt will not default on the agreement. So the IMF took them off the sanctions. This was the last item to complete to get out of sanctions and they told us this many times in articles. So this is done as it would have to be to get our of Chapter VII. [post 2 of 2]
4-30-2018 Newshound/Intel Guru Mnt Goat [There appears to be still $4.5 billion remaining with regards to Kuwait War Reparations. Does that remaining $4.5 billion have to be paid out before the reinstatement of the Dinar can occur?] Months ago Kuwait and Iraq signed an agreement to pay down this debt in propane gas. Only they need a pipeline and are now building it. The recent payment to Kuwait is part of the agreement. ...the key to pay off of the war reparations is whether the IMF and Kuwait both agree to it. As long as both are satisfied then as far as the sanctions go it is done. ...in December 2017 it was announced Iraq is now “fully” out of Chapter VII? Just weeks before this announcement they told us this gas deal with Kuwait. [post 1 of 2....stay tuned]
4-30-2018 Intel/Newshound Guru sandyf ...The fundamental problem in all this is the interpretation of the term "revaluation". Revaluation is a recognised term in respect of an upward change in the value of a currency on a fixed exchange rate. Currencies on a floating exchange appreciate rather than revalue. Revaluation can also be used as the overall outcome of a redenomination, in this case it is a revaluation of the monetary unit and not the currency itself. Under certain circumstances the term can be used when the price of something changes value. It is just financially impossible for the Iraqi dinar to move from the current rate to around $4 in a currency revaluation per se. If there is to be any significant return on the dinar it has to come from a different direction. ...As far as Iraq is concerned, the redenomination could be the end of monetary reform, not the beginning...
4-29-2018 Newshound Guru Kaperoni Well here's the deal... None of these numbers that are being reported are official so even though they may be in compliance or out of compliance there is nothing official from the CBI these are just third-party numbers being reported from media outlets. So now visiting two or three other media outlets I have found yet another set of reported spread numbers from today's auction and these numbers are within compliance. These are reporting sale of the dollar at 1200 to $1. Since there is no way to confirm the legitimacy of these numbers all we can do is wait out the 3 month IMF requirement and see what happens. [reference Guru Kaperoni post 4-29-2018]
4-29-2018 Newshound/Intel Guru Mnt Goat Besides the CBI and IMF came out many times and already told us they fully intend to FLOAT the dinar and peg it to the SDR basket. There were lots of recent arguments in articles about putting the dinar on a float but they were talking about leaving it on the de facto peg and then floating it. If you read the articles carefully you can clearly see they decided against this action due to the wide amount of corruption in the currency auctions. ...Many of confusing this float with the float once on the SDR basket...once they do peg it differently to the SDR basket this will drive the rate up since it is being pegged differently. Get it? The IMF and the CBI is not just arbitrarily assigning a higher rate to the dinar. The higher rate is coming from the market and the SDR basket peg. [post 2 of 2]
4-29-2018 Newshound/Intel Guru Mnt Goat ...I base my news about the FLOAT not on my opinion but on research and articles. So if you study the entire process of deleting the zeros and then eventually reinstating the dinar you can see that they are going to take the dinar off the de facto peg to the US dollar go instead re-peg it to an SDR basket of 5 currencies. How in hell are they going to do this if they leave the dinar as it is and wait for the currency on the de facto peg rate of 1184 to just float higher on it own? Has it floated higher on it own? Why is it staying at 1184? It stays at this rate because it is artificially being suppressed...The 1184 rate is solely based on the US dollar peg. It is an temporary /unnormalized peg. [post 1 of 2....stay tuned]
4-29-2018 Newshound Guru Kaperoni What this all means is that it could possibly postpone the CBI desire to move to Article VIII kicking the can down the road at least another 3 months. We will have to see how this plays out. Maintaining the spread within 2% for 90 days is a requirement by the IMF there is no shortcuts and it's apparent now based on today's report, the CBI couldn't comply. My guess is if the CBI could get it in alignment tomorrow they may overlook today's report. But this requirement is not something to play games with you either do it or you don't. So our tentative guideline was June 15th. I can't answer if that still holds true or if it's starting over but it is for certain that nothing will happen before then. [post 2 of 2]
4-29-2018 Newshound Guru Kaperoni Well today's auction sales are a bit surprising they are at 1215 to $ 1 which technically has fallen out of compliance within the 2% as required by the IMF. Can the get that back in compliance by tomorrow? With 48 days to go to meet the 90-day requirement this is a setback if they have to start over. Today's CBI auction was $210 million so it was fairly large in an attempt to get the spread back in alignment. We will just have to see how this plays out but I'm getting the feeling that we're going to have to start the 90-day requirement. [post 1 of 2....stay tuned]
4-29-2018 Intel Guru RayRen98 The Association of Private banks partnered with the CBI at the University of Baghdad college campus to promote the new banking services at no charge to the students. The CBI says that the Memorandum of Understanding signed with VISA International allows the Iraqi citizens worldwide use.
4-29-2018 Newshound/Intel Guru Mnt Goat [Is it true only Iraqi dinar from the years 2003-2008 can expect an increase in value? I hear if purchased later like issued in year 2013, it will not be “reinstated”.] ...This is certainly NOT true. All of the 3 zeros notes from 2003-2018 will be exchangeable.
4-29-2018 Intel Guru ADMINBILL THERE IS A REASONABLE POTENTIAL FOR AN UPGRADE TO THE COLOR CODE TO A PRETTIER SHADE OF SUMMER GREEN DURING THE COMING DAYS.
4-29-2018 Newshound Guru Kaperoni ...we continue to document progress and prove that what we are presenting is what is happening. This will be a process that takes several months or even years to raise the value and if we're lucky may start by the end of the year.
4-29-2018 Newshound/Intel Guru Mnt Goat Besides the CBI and IMF came out many times and already told us they fully intend to FLOAT the dinar and peg it to the SDR basket. There were lots of recent arguments in articles about putting the dinar on a float but they were talking about leaving it on the de facto peg and then floating it. If you read the articles carefully you can clearly see they decided against this action due to the wide amount of corruption in the currency auctions. ...Many of confusing this float with the float once on the SDR basket...once they do peg it differently to the SDR basket this will drive the rate up since it is being pegged differently. Get it? The IMF and the CBI is not just arbitrarily assigning a higher rate to the dinar. The higher rate is coming from the market and the SDR basket peg. [post 2 of 2]
4-29-2018 Newshound/Intel Guru Mnt Goat ...I base my news about the FLOAT not on my opinion but on research and articles. So if you study the entire process of deleting the zeros and then eventually reinstating the dinar you can see that they are going to take the dinar off the de facto peg to the US dollar go instead re-peg it to an SDR basket of 5 currencies. How in hell are they going to do this if they leave the dinar as it is and wait for the currency on the de facto peg rate of 1184 to just float higher on it own? Has it floated higher on it own? Why is it staying at 1184? It stays at this rate because it is artificially being suppressed...The 1184 rate is solely based on the US dollar peg. It is an temporary /unnormalized peg. [post 1 of 2....stay tuned]
4-29-2018 Newshound Guru Kaperoni What this all means is that it could possibly postpone the CBI desire to move to Article VIII kicking the can down the road at least another 3 months. We will have to see how this plays out. Maintaining the spread within 2% for 90 days is a requirement by the IMF there is no shortcuts and it's apparent now based on today's report, the CBI couldn't comply. My guess is if the CBI could get it in alignment tomorrow they may overlook today's report. But this requirement is not something to play games with you either do it or you don't. So our tentative guideline was June 15th. I can't answer if that still holds true or if it's starting over but it is for certain that nothing will happen before then. [post 2 of 2]
4-29-2018 Newshound Guru Kaperoni Well today's auction sales are a bit surprising they are at 1215 to $ 1 which technically has fallen out of compliance within the 2% as required by the IMF. Can the get that back in compliance by tomorrow? With 48 days to go to meet the 90-day requirement this is a setback if they have to start over. Today's CBI auction was $210 million so it was fairly large in an attempt to get the spread back in alignment. We will just have to see how this plays out but I'm getting the feeling that we're going to have to start the 90-day requirement. [post 1 of 2....stay tuned]
4-29-2018 Intel Guru RayRen98 The Association of Private banks partnered with the CBI at the University of Baghdad college campus to promote the new banking services at no charge to the students. The CBI says that the Memorandum of Understanding signed with VISA International allows the Iraqi citizens worldwide use.
4-29-2018 Newshound/Intel Guru Mnt Goat [Is it true only Iraqi dinar from the years 2003-2008 can expect an increase in value? I hear if purchased later like issued in year 2013, it will not be “reinstated”.] ...This is certainly NOT true. All of the 3 zeros notes from 2003-2018 will be exchangeable.
4-29-2018 Intel Guru ADMINBILL THERE IS A REASONABLE POTENTIAL FOR AN UPGRADE TO THE COLOR CODE TO A PRETTIER SHADE OF SUMMER GREEN DURING THE COMING DAYS.
4-29-2018 Newshound Guru Kaperoni ...we continue to document progress and prove that what we are presenting is what is happening. This will be a process that takes several months or even years to raise the value and if we're lucky may start by the end of the year.
4-28-2018 Newshound Guru Walkingstick In brief: We, are at the onset...Educating, the Iraqis... will continue, during and after the fact. Currency, Exchange Rate/s, Deposit/ Withdraw, ATM, Visa, Mastercard, Mobile Banking, Online Banking... etc:
4-28-2018 Newshound/Intel Guru Mnt Goat [Is this a global event or strictly limited to USA Banks. IE: I only always hear that we will need to go to a bank in the USA to exchange our Dinar. Is it not possible to actually exchange anywhere there is a bank with a foreign currency exchange function/ department?] ...I have traveled extensively and always exchange currency at the banks of the country I am in. ...Not all foreign countries will handle the dinar and so it is today with many other currencies. The dinar is an exotic currency by most banks and they won’t touch it outside of the US and Europe and even many European countries don’t deal in it. This may change once the dinar has some real value. The exchange process in a foreign country will be exactly the same only the volume of people initially exchanging will be much less so the process will be as for any other currency. The bulk of the private holders of dinar are in the US...
4-28-2018 Newshound Guru Whitelions what do you think about it going before the elections with all the banking going on? I have never seen this much teaching on how to use banks and credit cards ever in Iraq. I'm on the fence about before the elections it looks like the CBI is not really paying attention to the politics of the country but I know they are because it will determent the how the country go's but on the other hand they as a country have gone to far to turn back now.
4-28-2018 Newshound/Intel Guru Mnt Goat [do you think there will be another excuse aka road block after elections to stall the reinstatement?] I must say ABSOLUTLY NOT! But it depends who wins the election as to how long it may take. If Haider al-Abadi wins this will move very quickly.
4-28-2018 Intel Guru RayRen98 It is being reported that thousands are attending the banking seminars today where free services are being offered to the citizens. Free Mastercards are being distributed loaded with dinar. The benefits of the new banking system are being explained to the citizens. The banks are discussing the advantages of being linked worldwide and on an international scale.
4-28-2018 Newshound Guru Don961 Article: "Alaq reveals the total money in the banks" Quote: "the dollar exchange rate is considered at the current stage is the best because it has become an ideal price and gives confidence to investors in maintaining the return of their activities." This appearing once again today ... Student News Agency ... keeping it out there... ...in other words they hit their goal of 1200 ... 2% compliance ... as requested/ required by the IMF guidelines ... Uniting the secondary market rate with the official rate brings confidence to investors , citizens , International markets .... and a rightful/based on reality status in a basket of currencies ... that can be used for International transactions of all kinds ... present rates of exchange can always be adjusted upwards in relation to other currencies can't they ... imo.
4-28-2018 Newshound/Intel Guru Mnt Goat [Is this a global event or strictly limited to USA Banks. IE: I only always hear that we will need to go to a bank in the USA to exchange our Dinar. Is it not possible to actually exchange anywhere there is a bank with a foreign currency exchange function/ department?] ...I have traveled extensively and always exchange currency at the banks of the country I am in. ...Not all foreign countries will handle the dinar and so it is today with many other currencies. The dinar is an exotic currency by most banks and they won’t touch it outside of the US and Europe and even many European countries don’t deal in it. This may change once the dinar has some real value. The exchange process in a foreign country will be exactly the same only the volume of people initially exchanging will be much less so the process will be as for any other currency. The bulk of the private holders of dinar are in the US...
4-28-2018 Newshound Guru Whitelions what do you think about it going before the elections with all the banking going on? I have never seen this much teaching on how to use banks and credit cards ever in Iraq. I'm on the fence about before the elections it looks like the CBI is not really paying attention to the politics of the country but I know they are because it will determent the how the country go's but on the other hand they as a country have gone to far to turn back now.
4-28-2018 Newshound/Intel Guru Mnt Goat [do you think there will be another excuse aka road block after elections to stall the reinstatement?] I must say ABSOLUTLY NOT! But it depends who wins the election as to how long it may take. If Haider al-Abadi wins this will move very quickly.
4-28-2018 Intel Guru RayRen98 It is being reported that thousands are attending the banking seminars today where free services are being offered to the citizens. Free Mastercards are being distributed loaded with dinar. The benefits of the new banking system are being explained to the citizens. The banks are discussing the advantages of being linked worldwide and on an international scale.
4-28-2018 Newshound Guru Don961 Article: "Alaq reveals the total money in the banks" Quote: "the dollar exchange rate is considered at the current stage is the best because it has become an ideal price and gives confidence to investors in maintaining the return of their activities." This appearing once again today ... Student News Agency ... keeping it out there... ...in other words they hit their goal of 1200 ... 2% compliance ... as requested/ required by the IMF guidelines ... Uniting the secondary market rate with the official rate brings confidence to investors , citizens , International markets .... and a rightful/based on reality status in a basket of currencies ... that can be used for International transactions of all kinds ... present rates of exchange can always be adjusted upwards in relation to other currencies can't they ... imo.
4-27-2018 Newshound Guru MilitiaMan Article: "Alaq reveals the total money in the banks" Quote: "the dollar exchange rate is considered at the current stage is the best because it has become an ideal price and gives confidence to investors in maintaining the return of their activities." Nothing like driving it home Alak! Secondary Market Rate and the Official Rate is telling them the 1:1, effectively can be at any moment now.. imo.
4-27-2018 Newshound/Intel Guru Mnt Goat The final piece of the project is to turn on the ATMS and to launch the newer notes and go through the replacement process. This includes collecting as much of these 3 zero notes including 5,000, 10,000, 25,000 and 50,000 notes. The CBI told us they must decrease the money supply in circulation by 2/3...So later this week the CBI chairman spoke at the conclusion of the latest investment convention in Baghdad. He practically told us the dinar will be equal to the dollar in the coming period. Unless I am mistaken in my interpretation this is WOW news! [post 3 of 3]
4-27-2018 Newshound/Intel Guru Mnt Goat It means the CBI has worked for many years to put in place the pieces such as the banking laws, international standards and to recall 2/3 of the currency out of circulation. Next, they implemented tools such as POS, ATMs and electronic banking to make it easier to manage the monetary flow and economy in Iraq during the process and afterwards. These are all modern tools other developed countries use and so Iraq is modernizing their monetary policy. So they now say they are ready to go. [post 2 of 3....stay tuned]
4-27-2018 Newshound/Intel Guru Mnt Goat There are times when the RV could have happened and was targeted and these are legitimate times. ...I have told everyone not to expect any RV until at least after the elections are over. ...The CBI has told me they are going to keep the citizens informed throughout the entire process...of any progress in the project to delete the zeros and intend to bring about the reinstatement of the currency very soon. ...So this is exactly what the CBI is doing – they are keeping us informed. ...So over the last month they told us that the “project to delete the zeros” is ready and completed. What did this mean? [post 1 of 3....stay tuned]
4-27-2018 Intel Guru Frank26 ...THE INFO FROM THE CBI AND ALAK IS MASSIVE. IT IS IN OUR BEST INTEREST TO CONTINUE TO BE CAUTIONS IN OUR SHARING. MAY I SAY THIS MUCH...IMO...ALL THAT WE HAVE BEEN SEEKING IS... BECOMING A REALITY...
4-27-2018 Newshound Guru Kaperoni I am impressed...by the amount of banking articles documenting activities from the agreement with Visa to the inclusive presentations to invite citizens to participate in the banking sector. It seems like the momentum is picking up to integrate the banking system with the global financial system. Let's hope that momentum doesn't stop and when Iraq meets compliance they're ready to move forward. And of course today was another successful day at the auction 1195 to one US dollar well within compliance. It seems like Iraq has the government, the CBI and many economists all pushing this transformation forward.
4-27-2018 Intel Guru Bruce The other thing is which is really important, yesterday 750 representatives of Abbott Downing which is the highest end form of wealth management services Wells Fargo has...were relocated or shipped to various parts of the country to help with not only with Wells Fargo banks, but also banks that need additional help management staff at the highest levels. That is a pretty big shift. What does that tell you of our proximity? ...I feel good about the proximity where we are, the movement that is taking place, the additional Qi cards for Iraq, and it is just seemingly coming together since the IMF meeting wrapped up last Tuesday night... ...It wouldn’t be surprising to me if this were to go down for us before the end of the month which is Monday, April 30th. In addition to that we heard and there is a lot of consensus for the weekend...I hear we are on track for this to be a very big weekend... [post 2 of 2]
4-27-2018 Intel Guru Bruce This is a real interesting time for us because you guys know that realistically everything wrapped up...last Tuesday night with the IMF meeting in Washington DC. That was significant which was supposed to be 3 days turned into 5 full days. They did reach an agreement...a consensus. We were in the opinion things were really going to start happening for us shortly thereafter. ...I believe things were put into motion... ...I told you about the Qi cards that were issued to Iraqi citizens to receive their portion of the oil revenue or profits on. That is a new card, brand new just issued and they could be activated as early as this afternoon [Thursday] and were in many cases activated. They were also told those cards would be available with funds starting Saturday. [post 1 of 2....stay tuned]
4-27-2018 Newshound/Intel Guru Mnt Goat The final piece of the project is to turn on the ATMS and to launch the newer notes and go through the replacement process. This includes collecting as much of these 3 zero notes including 5,000, 10,000, 25,000 and 50,000 notes. The CBI told us they must decrease the money supply in circulation by 2/3...So later this week the CBI chairman spoke at the conclusion of the latest investment convention in Baghdad. He practically told us the dinar will be equal to the dollar in the coming period. Unless I am mistaken in my interpretation this is WOW news! [post 3 of 3]
4-27-2018 Newshound/Intel Guru Mnt Goat It means the CBI has worked for many years to put in place the pieces such as the banking laws, international standards and to recall 2/3 of the currency out of circulation. Next, they implemented tools such as POS, ATMs and electronic banking to make it easier to manage the monetary flow and economy in Iraq during the process and afterwards. These are all modern tools other developed countries use and so Iraq is modernizing their monetary policy. So they now say they are ready to go. [post 2 of 3....stay tuned]
4-27-2018 Newshound/Intel Guru Mnt Goat There are times when the RV could have happened and was targeted and these are legitimate times. ...I have told everyone not to expect any RV until at least after the elections are over. ...The CBI has told me they are going to keep the citizens informed throughout the entire process...of any progress in the project to delete the zeros and intend to bring about the reinstatement of the currency very soon. ...So this is exactly what the CBI is doing – they are keeping us informed. ...So over the last month they told us that the “project to delete the zeros” is ready and completed. What did this mean? [post 1 of 3....stay tuned]
4-27-2018 Intel Guru Frank26 ...THE INFO FROM THE CBI AND ALAK IS MASSIVE. IT IS IN OUR BEST INTEREST TO CONTINUE TO BE CAUTIONS IN OUR SHARING. MAY I SAY THIS MUCH...IMO...ALL THAT WE HAVE BEEN SEEKING IS... BECOMING A REALITY...
4-27-2018 Newshound Guru Kaperoni I am impressed...by the amount of banking articles documenting activities from the agreement with Visa to the inclusive presentations to invite citizens to participate in the banking sector. It seems like the momentum is picking up to integrate the banking system with the global financial system. Let's hope that momentum doesn't stop and when Iraq meets compliance they're ready to move forward. And of course today was another successful day at the auction 1195 to one US dollar well within compliance. It seems like Iraq has the government, the CBI and many economists all pushing this transformation forward.
4-27-2018 Intel Guru Bruce The other thing is which is really important, yesterday 750 representatives of Abbott Downing which is the highest end form of wealth management services Wells Fargo has...were relocated or shipped to various parts of the country to help with not only with Wells Fargo banks, but also banks that need additional help management staff at the highest levels. That is a pretty big shift. What does that tell you of our proximity? ...I feel good about the proximity where we are, the movement that is taking place, the additional Qi cards for Iraq, and it is just seemingly coming together since the IMF meeting wrapped up last Tuesday night... ...It wouldn’t be surprising to me if this were to go down for us before the end of the month which is Monday, April 30th. In addition to that we heard and there is a lot of consensus for the weekend...I hear we are on track for this to be a very big weekend... [post 2 of 2]
4-27-2018 Intel Guru Bruce This is a real interesting time for us because you guys know that realistically everything wrapped up...last Tuesday night with the IMF meeting in Washington DC. That was significant which was supposed to be 3 days turned into 5 full days. They did reach an agreement...a consensus. We were in the opinion things were really going to start happening for us shortly thereafter. ...I believe things were put into motion... ...I told you about the Qi cards that were issued to Iraqi citizens to receive their portion of the oil revenue or profits on. That is a new card, brand new just issued and they could be activated as early as this afternoon [Thursday] and were in many cases activated. They were also told those cards would be available with funds starting Saturday. [post 1 of 2....stay tuned]
4-26-2018 Intel/Newshound Guru sandyf There is a high probability that Iraq will redenominate in the years to come, could be well into the next parliament. This is the only way the currency in circulation can be brought down to a more realistic level. The first move would be to put a redenomination bill in front of parliament and that is not going to be straightforward. May be looking to get funding for the project in the next budget. In the meantime it would be a prudent move for Iraq to try and reduce the exchange rate to 1000/USD prior to the redenomination. This would go a long way to reducing the confusion during the changeover.
4-26-2018 Newshound Guru MilitiaMan Article: "Arab Monetary Fund announces the establishment of a regional entity to settle payments between the 22 countries" Quote: "...Iraq looks forward to benefiting from the world's financial experiences..." ...Internationalism represents Article 8 acceptance imo. Thus, the training and expertise required to maintain and manage the new systems is going to be an on going part of Article 8 in conjunction with other members that are in similar circumstance and will also benefit, as noted by the memorandum of understanding with Iraq, APB, ABB and the IFA all apparently apart of a General Council of Banks and Islamic Financial Institutions.. ...The move up is very telling me that there is MR being completed and at the threshold. imo...
4-26-2018 Newshound/Intel Guru Mnt Goat ...others persist on using Kuwait as the basis for their discussion on this Iraq RV topic. The FACT is the rate of the Kuwait dinar rose quickly due to pure speculation on the open currency exchanges. Get it? It did not RV under a high rate. It peaked on a free float, the IMF shut it down and then let the rate settle down to what it is today…the nominal market rate of about 3.35ish. This probably what will also happen in Iraq and the CBI already told us they “fully” intend to put the Iraqi dinar on a float and peg it to the SDR basket of 5 global currencies.
4-26-2018 Newshound Guru Kaperoni CBI News...The CBI put out a press release today confirming the signing of the agreement with Visa. Things are moving really quite fast regarding monetary policy and Iraq. Not that we're going to see them begin the transition off-the-peg or into Article VIII yet, but everything else regarding the banking system is changing rapidly. With all the recent activities and news pertaining to monetary policy in Iraq it seems almost impossible that it could be stopped at this point. But anything is possible in Iraq. According to our numbers and the chart the CBI still has 49 days of compliance to go in order to be able to write the letter and exit Article XIV and move to Article VIII. Though this is not official it is fairly accurate. But I don't expect them to move exactly on the compliance date anyways it could take weeks. The success of the elections and formation of government will play a critical role in all of that.
4-26-2018 Intel Guru RayRen98 Abadi and Barzani are becoming like "best buds" and there is peace among the land. (LOL) Abadi has approved international flights in Kurdistan. Iraqi TV reports Alaq, with the CBI, stating Iraqi banks totaling 200 billion dinar in assets and that they are ready for the economic impact.
4-26-2018 Newshound/Intel Guru BGG Article: "Continued decline in dollar exchange in Iraq" Quote: "The market price on the Kifah Stock Exchange in Baghdad was 1196 dinars per dollar, or 119 thousand and 600 dinars per hundred dollars." There is a lot of great news out the last few days. This, however, will fly under the radar and is very, very important. The USD / IQD rate continues to decline. Looking better and better everyday.
4-26-2018 Newshound Guru Kaperoni First off the cbi's exchange rate is not a program rate. It is the real value of the Iraq dinar as it appreciated from almost 3,500 to $1 back in 2004 when it was introduced as the new Iraqi currency. There has been a few adjustments most recently in an agreement with the IMF none of which refers to it as program rate... And when the CBI moves off the peg to a float, as well as opening its capital account, the CBI will then have a means to appreciate the currency gradually.
4-26-2018 Newshound Guru Adam Montana [Instead of asking when, I'm gonna ask how much longer can Iraq survive with the currency the way it is?] Realistically, the answer is "indefinitely". But I believe they have motivation to RV, so the question goes back to "when". [Do you think they will really wait until after elections, cabinet formation and Ramadan?] I can't speculate any more than I have already done regarding the "when" - hopefully immediately after elections but before Ramadan.
4-26-2018 Newshound/Intel Guru Mnt Goat I believe Abadi when he says "after the election." We will see the project to delete the zeros...So where are we really? We are kind of in a waiting mode for the next couple weeks to see how this election all shakes out on May 12th. ...We know Iraq is ramping up seriously for the 2018-2022 Development & Reconstruction Plan. They are having yet another Investment conference and its this week. This time it is in Iraq. Remember they have had many of these conferences and seminars over the years and so they probably will have many more, even after they reinstate their currency. I can assure you that Haider al-Abadi has a very good opportunity to get re-elected. If he does, we are going to see Iraqi just take off during the rest of 2018 and into 2019.
4-26-2018 Newshound Guru MilitiaMan Article: "Arab Monetary Fund announces the establishment of a regional entity to settle payments between the 22 countries" Quote: "...Iraq looks forward to benefiting from the world's financial experiences..." ...Internationalism represents Article 8 acceptance imo. Thus, the training and expertise required to maintain and manage the new systems is going to be an on going part of Article 8 in conjunction with other members that are in similar circumstance and will also benefit, as noted by the memorandum of understanding with Iraq, APB, ABB and the IFA all apparently apart of a General Council of Banks and Islamic Financial Institutions.. ...The move up is very telling me that there is MR being completed and at the threshold. imo...
4-26-2018 Newshound/Intel Guru Mnt Goat ...others persist on using Kuwait as the basis for their discussion on this Iraq RV topic. The FACT is the rate of the Kuwait dinar rose quickly due to pure speculation on the open currency exchanges. Get it? It did not RV under a high rate. It peaked on a free float, the IMF shut it down and then let the rate settle down to what it is today…the nominal market rate of about 3.35ish. This probably what will also happen in Iraq and the CBI already told us they “fully” intend to put the Iraqi dinar on a float and peg it to the SDR basket of 5 global currencies.
4-26-2018 Newshound Guru Kaperoni CBI News...The CBI put out a press release today confirming the signing of the agreement with Visa. Things are moving really quite fast regarding monetary policy and Iraq. Not that we're going to see them begin the transition off-the-peg or into Article VIII yet, but everything else regarding the banking system is changing rapidly. With all the recent activities and news pertaining to monetary policy in Iraq it seems almost impossible that it could be stopped at this point. But anything is possible in Iraq. According to our numbers and the chart the CBI still has 49 days of compliance to go in order to be able to write the letter and exit Article XIV and move to Article VIII. Though this is not official it is fairly accurate. But I don't expect them to move exactly on the compliance date anyways it could take weeks. The success of the elections and formation of government will play a critical role in all of that.
4-26-2018 Intel Guru RayRen98 Abadi and Barzani are becoming like "best buds" and there is peace among the land. (LOL) Abadi has approved international flights in Kurdistan. Iraqi TV reports Alaq, with the CBI, stating Iraqi banks totaling 200 billion dinar in assets and that they are ready for the economic impact.
4-26-2018 Newshound/Intel Guru BGG Article: "Continued decline in dollar exchange in Iraq" Quote: "The market price on the Kifah Stock Exchange in Baghdad was 1196 dinars per dollar, or 119 thousand and 600 dinars per hundred dollars." There is a lot of great news out the last few days. This, however, will fly under the radar and is very, very important. The USD / IQD rate continues to decline. Looking better and better everyday.
4-26-2018 Newshound Guru Kaperoni First off the cbi's exchange rate is not a program rate. It is the real value of the Iraq dinar as it appreciated from almost 3,500 to $1 back in 2004 when it was introduced as the new Iraqi currency. There has been a few adjustments most recently in an agreement with the IMF none of which refers to it as program rate... And when the CBI moves off the peg to a float, as well as opening its capital account, the CBI will then have a means to appreciate the currency gradually.
4-26-2018 Newshound Guru Adam Montana [Instead of asking when, I'm gonna ask how much longer can Iraq survive with the currency the way it is?] Realistically, the answer is "indefinitely". But I believe they have motivation to RV, so the question goes back to "when". [Do you think they will really wait until after elections, cabinet formation and Ramadan?] I can't speculate any more than I have already done regarding the "when" - hopefully immediately after elections but before Ramadan.
4-26-2018 Newshound/Intel Guru Mnt Goat I believe Abadi when he says "after the election." We will see the project to delete the zeros...So where are we really? We are kind of in a waiting mode for the next couple weeks to see how this election all shakes out on May 12th. ...We know Iraq is ramping up seriously for the 2018-2022 Development & Reconstruction Plan. They are having yet another Investment conference and its this week. This time it is in Iraq. Remember they have had many of these conferences and seminars over the years and so they probably will have many more, even after they reinstate their currency. I can assure you that Haider al-Abadi has a very good opportunity to get re-elected. If he does, we are going to see Iraqi just take off during the rest of 2018 and into 2019.
4-25-2018 Newshound Guru Adam Montana I don’t see anything happening in the next two weeks. Parliament is basically shut down until after elections (May 12),...don’t shut your phone off! ...There’s always a chance that a secret meeting or something like that will take place and surprise us.
4-25-2018 Intel Guru Frank26 ...THE WORLD KNOWS AS YOU DO THAT THE CBI SAID..."WE ARE READY". BE STRONG IN YOUR DISCIPLINE OF WAITING...FOR SOON IMO...IT WILL REWARD YOU.
4-25-2018 Intel Guru RayRen98 IRAQI TV REPORTS THE CBI SIGNING A MEMORANDUM WITH VISA INTERNATIONAL STIMULATING THE ECONOMIC MARKET.
4-25-2018 Intel Guru Bruce Iraq did release their lower denominations in their ATM machines. ‘They have an in country rate that is known in country. They have a rate that has been flashing on our bank and Redemption Center screens and it is a front screen rate. We know that rate has been flashing meaning it is not quite locked in yet. It has been trading...But about 1pm this afternoon, the rate came off the screen and the word pending appeared. We...think pending is a good sign since when we see pending it means it is about to change and we are looking for a solid rate for Iraq to come into play on the screen. We don’t know when exactly. It could be anytime now. It could be tonight or tomorrow. We do not know. It looks like that is what we are really waiting for. That seems to me what we need to get everything kicked off. [post 2 of 2]
4-25-2018 Intel Guru Bruce On Sunday I got 11 calls from one of my main sources...a nugget here and a nugget there, indicator of things are moving along. ...there was an IMF meeting in Washington this past weekend... They voted and settled on a Go about 6pm EST. ...For awhile it was looking sketchy there, and now we think we are in good shape with the IMF. Everybody is in agreement. Things are being done. Iraq has a week starting tomorrow which is a finance education week... They need that done to educate their people about banking and the banking system that is in Iraq. We understand that the ATMs were turned on and the Fintech System which is one of the new parts of the Global Transfer System, the CIPs Systems. ...That was partially connected Sunday and by now it is completely connected, up and running, and functional. So Iraq can be basically part of the world stage for banking transfers and so on. [post 1 of 2....stay tuned]
4-25-2018 Intel/Newshound Guru sandyf [what is the different between Chapter 8 UN and IMF? and which one is more important for Iraq Currency to get RV/RI/Float/LOP whatever it is?] There is a great deal of confusion over this... The UN has a Charter and the Charter has Chapters, Iraq has been subject of Chapters 6 & 7, not Chapter 8 which deals with local security. The IMF has Articles of Agreement which members must adhere to and the IMF deal in Monetary matters. Currently Iraq is under IMF Article 14 which is described as a transitional arrangement and as such the currency is non convertible. Iraq would need to accept the obligations of Article 8 for the currency to become partially convertible and be accepted at banks internationally.
4-25-2018 Newshound/Intel Guru Mnt Goat RUMOR: Over in Iraq their saying ATM's will go live on Saturday and Sunday. Telling them in the mosques the ATM's would be live this weekend. oh – really? I have personally talked to my CBI contact and they do not plan to turn the ATMs on until sometime after the election process. I do not know why any bank would turn on the ATMs without the reinstatement and thus a significant change in the rate...
4-25-2018 Newshound Guru Walkingstick ...the chatter of the 24 hour period they’ve been telling you about is coming soon as it (the chatter) is getting louder and louder...They are about to settle the 24 hour period when they activate the ATM machines. Why do you think they are about to give you the 24 hr time frame? Because they are ready. The CBI needs this but Donald Trump wants it done correctly. ...there is a massive media campaign. The RI of the small notes is coming.
4-25-2018 Intel Guru Frank26 ...THE WORLD KNOWS AS YOU DO THAT THE CBI SAID..."WE ARE READY". BE STRONG IN YOUR DISCIPLINE OF WAITING...FOR SOON IMO...IT WILL REWARD YOU.
4-25-2018 Intel Guru RayRen98 IRAQI TV REPORTS THE CBI SIGNING A MEMORANDUM WITH VISA INTERNATIONAL STIMULATING THE ECONOMIC MARKET.
4-25-2018 Intel Guru Bruce Iraq did release their lower denominations in their ATM machines. ‘They have an in country rate that is known in country. They have a rate that has been flashing on our bank and Redemption Center screens and it is a front screen rate. We know that rate has been flashing meaning it is not quite locked in yet. It has been trading...But about 1pm this afternoon, the rate came off the screen and the word pending appeared. We...think pending is a good sign since when we see pending it means it is about to change and we are looking for a solid rate for Iraq to come into play on the screen. We don’t know when exactly. It could be anytime now. It could be tonight or tomorrow. We do not know. It looks like that is what we are really waiting for. That seems to me what we need to get everything kicked off. [post 2 of 2]
4-25-2018 Intel Guru Bruce On Sunday I got 11 calls from one of my main sources...a nugget here and a nugget there, indicator of things are moving along. ...there was an IMF meeting in Washington this past weekend... They voted and settled on a Go about 6pm EST. ...For awhile it was looking sketchy there, and now we think we are in good shape with the IMF. Everybody is in agreement. Things are being done. Iraq has a week starting tomorrow which is a finance education week... They need that done to educate their people about banking and the banking system that is in Iraq. We understand that the ATMs were turned on and the Fintech System which is one of the new parts of the Global Transfer System, the CIPs Systems. ...That was partially connected Sunday and by now it is completely connected, up and running, and functional. So Iraq can be basically part of the world stage for banking transfers and so on. [post 1 of 2....stay tuned]
4-25-2018 Intel/Newshound Guru sandyf [what is the different between Chapter 8 UN and IMF? and which one is more important for Iraq Currency to get RV/RI/Float/LOP whatever it is?] There is a great deal of confusion over this... The UN has a Charter and the Charter has Chapters, Iraq has been subject of Chapters 6 & 7, not Chapter 8 which deals with local security. The IMF has Articles of Agreement which members must adhere to and the IMF deal in Monetary matters. Currently Iraq is under IMF Article 14 which is described as a transitional arrangement and as such the currency is non convertible. Iraq would need to accept the obligations of Article 8 for the currency to become partially convertible and be accepted at banks internationally.
4-25-2018 Newshound/Intel Guru Mnt Goat RUMOR: Over in Iraq their saying ATM's will go live on Saturday and Sunday. Telling them in the mosques the ATM's would be live this weekend. oh – really? I have personally talked to my CBI contact and they do not plan to turn the ATMs on until sometime after the election process. I do not know why any bank would turn on the ATMs without the reinstatement and thus a significant change in the rate...
4-25-2018 Newshound Guru Walkingstick ...the chatter of the 24 hour period they’ve been telling you about is coming soon as it (the chatter) is getting louder and louder...They are about to settle the 24 hour period when they activate the ATM machines. Why do you think they are about to give you the 24 hr time frame? Because they are ready. The CBI needs this but Donald Trump wants it done correctly. ...there is a massive media campaign. The RI of the small notes is coming.
4-24-2018 Newshound Guru MilitiaMan Article “The Central Bank signs a memorandum with Visa International tomorrow” This is the same day for the start of the Financial Inclusion... Smells International! Article 8, convertible currency... What we all know now is that is about to change starting from what they say: TOMORROW. The memorandum with VISA comes the day of the beginning of Financial Inclusion. ...they were given phones by the CBI months ago and those phones are being used for a purpose and that purpose is now openly stated by the CBI that they are about to distribute the new notes and that they have a suitable environment. Citizens are getting TEXT MESSAGES now to come in and get paid, cards, exchange, etc...The program rate is imo about to change and they clearly are not hiding it. The process is underway and almost complete. I believe your witnessing that each and everyday.
4-24-2018 Newshound Guru G-Lin Article: "Tomorrow will start the week of financial inclusion in Iraq" Quote: "on Wednesday will see the start of the activities of the week of financial inclusion, which will involve all banks and financial companies operating in Iraq, in order to educate the public on the importance of financial coverage, which will reflect positively on the economy " ...I like this. We were told they needed to educate the peeps. They should just about have it down after about 8 years of educating them.
4-24-2018 Newshound Guru Frank26 We, the USA do not want Iraq to continue this program rate. . .need to ween you off the USD. An RI in Iraq would be a level playing field for the IQD, not a program rate. ...Iraq was basically handicapped by the USD. This whole reinstatement has been in the hands of the President and that’s why when it was in the hands of Obama there was nothing but the testing of the economic reform’s all those years. Abadi is no dummy to the financial situation. He was once the finance minister. ...IMO, we are extremely close. Extremely close! EXTREMELY CLOSE! Do they give a date? No, and that is how they control the speculation. [post 3 of 3]
4-24-2018 Newshound Guru Frank26 ...The CBI, for the first time ever, came out yelling and screaming, declaring their official position on their currency. Isn’t that powerful? They are so close. They are ready. They are not about to do this unless it’s exactly as the three headed monster, the CBI, IMF, WB and for that matter, President Donald Trump wants it done. The CBI has fired a warning shot. Please we need a level playing field with our currencies. They have always been a dual currency country. They did not give a darn. They do now. The CBI is warning banks and vendors that an avalanche of three zero notes are about to pour into you when we RI and they must, they MUST accept those. [post 2 of 3....stay tuned]
4-24-2018 Newshound Guru Frank26 IMO, they printed just the small notes and the others (three zero notes) are being collected, and they will not be replaced. The three zero notes and the small denom’s are going to co-exist together. They don’t care about the three zero notes. And even though the CBI gave the banks and exchangers the plan several weeks ago, the banks and money exchangers are refusing the TZN’s. Therefore, The citizens are now applying pressure. Complaining to the government, the CBI. ...CBI issued a statement and said, “STOP refusing the three zero notes.” The CBI is listening to the citizens and addressing this issue. Telling the “banks, money changers, don’t mess this up! We told you the plan through the memo we sent you weeks ago.” [post 1 of 3....stay tuned]
4-24-2018 Newshound/Intel Guru Mnt Goat RUMOR: In Kurdistan banks exchanging damaged bills and three zero notes and giving out lower denom's of five's, two's and ones. The citizens in Iraq are NOT exchanging anything. I would not use the term “exchanges” but rather “turning in”. ...Also if any banks are issuing the 5,10 and 1 dinars it is not with the permission of the CBI. It is a mistake and the CBI will correct this mistake. So recently the CBI simply asked the citizens in Iraq to look under their mattresses and backyards for their hoards of the 3 zero notes. Then bring them in and deposit them in their bank account. They need to collect these notes prior to the RV to reduce the money supply first prior to issuing a new set of currency. Yes, some “smaller” notes are being given for some of the money turned in but certainly not fully replacing 3 zero note amounts for exact same amounts in the newer lower denominations. Why would they do this?
4-24-2018 Newshound Guru Kaperoni I can assure you nothing is going to happen with the dinar or the monetary policy at the CBI for at least two more months maybe longer because they have compliance commitments to meet with the IMF first. And then and only then when they're in compliance and the elections are completed and the new government is formed will they consider moving forward by moving to a float and leaving the peg.
4-24-2018 Newshound Guru G-Lin Article: "Tomorrow will start the week of financial inclusion in Iraq" Quote: "on Wednesday will see the start of the activities of the week of financial inclusion, which will involve all banks and financial companies operating in Iraq, in order to educate the public on the importance of financial coverage, which will reflect positively on the economy " ...I like this. We were told they needed to educate the peeps. They should just about have it down after about 8 years of educating them.
4-24-2018 Newshound Guru Frank26 We, the USA do not want Iraq to continue this program rate. . .need to ween you off the USD. An RI in Iraq would be a level playing field for the IQD, not a program rate. ...Iraq was basically handicapped by the USD. This whole reinstatement has been in the hands of the President and that’s why when it was in the hands of Obama there was nothing but the testing of the economic reform’s all those years. Abadi is no dummy to the financial situation. He was once the finance minister. ...IMO, we are extremely close. Extremely close! EXTREMELY CLOSE! Do they give a date? No, and that is how they control the speculation. [post 3 of 3]
4-24-2018 Newshound Guru Frank26 ...The CBI, for the first time ever, came out yelling and screaming, declaring their official position on their currency. Isn’t that powerful? They are so close. They are ready. They are not about to do this unless it’s exactly as the three headed monster, the CBI, IMF, WB and for that matter, President Donald Trump wants it done. The CBI has fired a warning shot. Please we need a level playing field with our currencies. They have always been a dual currency country. They did not give a darn. They do now. The CBI is warning banks and vendors that an avalanche of three zero notes are about to pour into you when we RI and they must, they MUST accept those. [post 2 of 3....stay tuned]
4-24-2018 Newshound Guru Frank26 IMO, they printed just the small notes and the others (three zero notes) are being collected, and they will not be replaced. The three zero notes and the small denom’s are going to co-exist together. They don’t care about the three zero notes. And even though the CBI gave the banks and exchangers the plan several weeks ago, the banks and money exchangers are refusing the TZN’s. Therefore, The citizens are now applying pressure. Complaining to the government, the CBI. ...CBI issued a statement and said, “STOP refusing the three zero notes.” The CBI is listening to the citizens and addressing this issue. Telling the “banks, money changers, don’t mess this up! We told you the plan through the memo we sent you weeks ago.” [post 1 of 3....stay tuned]
4-24-2018 Newshound/Intel Guru Mnt Goat RUMOR: In Kurdistan banks exchanging damaged bills and three zero notes and giving out lower denom's of five's, two's and ones. The citizens in Iraq are NOT exchanging anything. I would not use the term “exchanges” but rather “turning in”. ...Also if any banks are issuing the 5,10 and 1 dinars it is not with the permission of the CBI. It is a mistake and the CBI will correct this mistake. So recently the CBI simply asked the citizens in Iraq to look under their mattresses and backyards for their hoards of the 3 zero notes. Then bring them in and deposit them in their bank account. They need to collect these notes prior to the RV to reduce the money supply first prior to issuing a new set of currency. Yes, some “smaller” notes are being given for some of the money turned in but certainly not fully replacing 3 zero note amounts for exact same amounts in the newer lower denominations. Why would they do this?
4-24-2018 Newshound Guru Kaperoni I can assure you nothing is going to happen with the dinar or the monetary policy at the CBI for at least two more months maybe longer because they have compliance commitments to meet with the IMF first. And then and only then when they're in compliance and the elections are completed and the new government is formed will they consider moving forward by moving to a float and leaving the peg.
4-23-2018 Newshound Guru MilitiaMan ...This is a time for to be Focused and not to be disheartened or worried. The writing is on the wall and the word of the day imo is IMPLEMENTATION...Lets not forget the recent WB implementations, the GOI banknote law yesterday, abadi telling the world effectively he started the reconstruction, construction, investments and Paying salaries, borders, etc..
4-23-2018 Intel Guru RayRen98 It’s confusing when we are getting different information from different sources. We heard that North America was ready to go from Friday evening, while Iraq is officially saying something different… and our sources in Iraq are saying something else again. Reportedly from Sunday...Demonstrators took to the streets in Baghdad demanding fair pay. Rafidain Bank is underwriting 5-year loans to the citizens for vehicles. Abadi leads Sadr in the polls. Abadi and Maliki are being discussed on TV strongly contesting each other. Monday Reports from Iraqi TV...UDB Bank has announced acquiring the necessary licensing to issue Vista International Credit Cards to the citizens of Iraq. Abadi is paying the farmers in Erbil back pay to the amount of 41 billion dinar.
4-23-2018 Newshound Guru Mnt Goat …The CBI has told us many times their main concern is to get the large 3 zero notes out of circulation (reduce them by 2/3) prior to the RV, meaning mostly the 25,000 notes but also including 5,000, 10,000, and 50,000 notes but they are much less of these other notes in circulation. So, we can see that with about a month to go before the elections taking place that the CBI is still moving ahead with the process to collect these large three zero notes especially these 25,000 notes. Also, we see the CBI instructions and procedures to handle these bank notes once they are turning in. All this latest action at the banks is being put forward for ONLY this purpose. That is all it is. So please don’t read more into it than it really is. [Post 3 of 3]
4-23-2018 Newshound Guru Frank26 "Central refuses to distinguish between categories of banknotes" Quote: "The Central Bank of Iraq refused on Saturday, 21 April 2018, to distinguish between categories of banknotes, considering discrimination a legal offense." MY JAW BROKE WHEN IT HIT THE FLOOR AFTER READING THIS TODAY...I LOVE IT WHEN YOU SAY..."NOTE"...AS IN SMALL...LOL
4-23-2018 Newshound Guru Mnt Goat ...Why was this wording changed? I quote from the article – “He revealed that "THE CENTRAL BANK HAS ANNOUNCED A TENDER FOR THE PRINTING OF NEW BANKNOTES (SMALL CATEGORIES) AT THE INTERNATIONAL PRINTING COMPANIES." I quote again from the same article – “The source said that "the Central Bank TO SHIP CASH FROM SMALL GROUPS TO GOVERNMENT BANKS AND PRIVATE BANKS HAVE BEEN DISTRIBUTED AMOUNTS given to banks during the month of November last year”. (and ended November this year). These are the newer polymer, high security notes….remember? What does this mean? [Post 2 of 3]
4-23-2018 Newshound Guru Mnt Goat The CBI posted bank instructions and procedures on the CBI site for the banks on how to turn in the 3 zero notes. Logically at some point the citizens will want to take these older notes and turn them in. The banks are going to get flooded with these notes. So why not designate only special centers to turn them in? They have done so…Remember way back in December 2017 when the CBI came out and told us that they just completed a yearlong project to distribute the new smaller notes. In particular they talked about the newer 500 and 1,000 dinar category “smaller” notes. They used the term “smaller” notes not the lower category notes, as they usually did in the past... [Post 1 of 3 Stay tuned for the rest of the story...]
4-23-2018 Newshound Guru Don961 Article: "Central refuses to distinguish between categories of banknotes" imo ... this is saying that it is against the law for citizens to refuse to accept any currency officially issued by the CBI ... this would include any "New Issues" and categories they may/(will) come out with in the near future ... no matter how much in love they are with the old notes ... or how much they may object or protest ... pretty curious for this to come out and be emphasized at this time in the news now isn't it?? ..(wink)
4-23-2018 Intel Guru ADMINBILL THERE IS A LIGHT AT THE END OF THE TUNNEL. AND THE TUNNEL IS A SHORT ONE. THE LIGHT IS GETTING BIGGER AND BRIGHTER BY THE HOURS.
4-23-2018 Intel Guru RayRen98 It’s confusing when we are getting different information from different sources. We heard that North America was ready to go from Friday evening, while Iraq is officially saying something different… and our sources in Iraq are saying something else again. Reportedly from Sunday...Demonstrators took to the streets in Baghdad demanding fair pay. Rafidain Bank is underwriting 5-year loans to the citizens for vehicles. Abadi leads Sadr in the polls. Abadi and Maliki are being discussed on TV strongly contesting each other. Monday Reports from Iraqi TV...UDB Bank has announced acquiring the necessary licensing to issue Vista International Credit Cards to the citizens of Iraq. Abadi is paying the farmers in Erbil back pay to the amount of 41 billion dinar.
4-23-2018 Newshound Guru Mnt Goat …The CBI has told us many times their main concern is to get the large 3 zero notes out of circulation (reduce them by 2/3) prior to the RV, meaning mostly the 25,000 notes but also including 5,000, 10,000, and 50,000 notes but they are much less of these other notes in circulation. So, we can see that with about a month to go before the elections taking place that the CBI is still moving ahead with the process to collect these large three zero notes especially these 25,000 notes. Also, we see the CBI instructions and procedures to handle these bank notes once they are turning in. All this latest action at the banks is being put forward for ONLY this purpose. That is all it is. So please don’t read more into it than it really is. [Post 3 of 3]
4-23-2018 Newshound Guru Frank26 "Central refuses to distinguish between categories of banknotes" Quote: "The Central Bank of Iraq refused on Saturday, 21 April 2018, to distinguish between categories of banknotes, considering discrimination a legal offense." MY JAW BROKE WHEN IT HIT THE FLOOR AFTER READING THIS TODAY...I LOVE IT WHEN YOU SAY..."NOTE"...AS IN SMALL...LOL
4-23-2018 Newshound Guru Mnt Goat ...Why was this wording changed? I quote from the article – “He revealed that "THE CENTRAL BANK HAS ANNOUNCED A TENDER FOR THE PRINTING OF NEW BANKNOTES (SMALL CATEGORIES) AT THE INTERNATIONAL PRINTING COMPANIES." I quote again from the same article – “The source said that "the Central Bank TO SHIP CASH FROM SMALL GROUPS TO GOVERNMENT BANKS AND PRIVATE BANKS HAVE BEEN DISTRIBUTED AMOUNTS given to banks during the month of November last year”. (and ended November this year). These are the newer polymer, high security notes….remember? What does this mean? [Post 2 of 3]
4-23-2018 Newshound Guru Mnt Goat The CBI posted bank instructions and procedures on the CBI site for the banks on how to turn in the 3 zero notes. Logically at some point the citizens will want to take these older notes and turn them in. The banks are going to get flooded with these notes. So why not designate only special centers to turn them in? They have done so…Remember way back in December 2017 when the CBI came out and told us that they just completed a yearlong project to distribute the new smaller notes. In particular they talked about the newer 500 and 1,000 dinar category “smaller” notes. They used the term “smaller” notes not the lower category notes, as they usually did in the past... [Post 1 of 3 Stay tuned for the rest of the story...]
4-23-2018 Newshound Guru Don961 Article: "Central refuses to distinguish between categories of banknotes" imo ... this is saying that it is against the law for citizens to refuse to accept any currency officially issued by the CBI ... this would include any "New Issues" and categories they may/(will) come out with in the near future ... no matter how much in love they are with the old notes ... or how much they may object or protest ... pretty curious for this to come out and be emphasized at this time in the news now isn't it?? ..(wink)
4-23-2018 Intel Guru ADMINBILL THERE IS A LIGHT AT THE END OF THE TUNNEL. AND THE TUNNEL IS A SHORT ONE. THE LIGHT IS GETTING BIGGER AND BRIGHTER BY THE HOURS.
4-22-2018 Newshound Guru Kaperoni ...There’s a clear rule from the IMF that member countries with a peg must hold the spread for 3 months or 90 days. And Iraq is on a Peg. They are in Article 14 on a peg. There is no reason to question or doubt or to think anything other than they have to hold this for 90 days…They can’t get the approval of the IMF to move forward with their monetary policy until they have clearly proven for 3 months that they can maintain the spread within 2% in Iraq. That is absolutely rock solid fact. Because they have to write a letter to the IMF asking them permission to move to Article 8 and the IMF would not accept them until they had proven the 3 months. [Post 3 of 3]
4-22-2018 Newshound Guru Kaperoni …They calculate it by taking the official rate, 1184 plus the CBI commissions of 6 dinar which brings it up to 1190 and there’s the 2% spread added to that which brings it up to 1214 or less. So the market rate has to be 1214 or less on the street in Iraq. For those who have been around a long time have seen it at 1220, 1230 and as high as 1254 but the last 34 days the CBI (right around Mid-March) was able to…with the help of the UST and IMF…figure out a new criteria for their daily auctions to reduce that spread in the country to below 1214. So the last 34 days the CBI has consistently met the 2% spread rule. Last I checked today (Thursday) it was 1205. [Post 2 of 3]
4-22-2018 Newshound Guru Kaperoni There are a lot of rules that the IMF and the CBI engage with each other on…The CBI is in Article 14. This is not where the CBI wants to be. They desire to be in Article 8…in fact they have an obligation to the IMF to constantly be pursuing movement to Article 8. In other words, to be improving their banking system to the point where they can qualify to go to article 8. The last Article 4 consultation that came out last September reiterated once again that the IMF has a 2% rule - which is a 2% or less spread between what they call the official rate (which is the CBI rate - 1184) and the market rate which is the street rate. That can not grow beyond that 2%…It’s been anywhere from 5 to 10% since 2013. They just have not been able to reduce that spread… [Post 1 of 3 Stay tuned for the rest of the story.]
4-22-2018 Newshound Guru Mnt Goat The FACTS are now telling us this – unless the GOI can passes the last remaining needed laws, the CBI is not going to go ahead. The CBI also has to collect more of these larger 3 zero notes and so the final push during this last stage to do so. Now having said all this, the CBI does not just go dead either while they wait for the GOI to catch up. Instead they are still pushing forward in anticipation that the GOI will complete its part very soon, hopefully even prior to the elections...
4-22-2018 Newshound Guru G-Lin Article: “The Central Bank refuses to distinguish between categories of banknotes and prepares a legal violation” I think they are educating the people on currency exchange. All catagories will be accepted. It is law. The only ones that will not be accepted are counterfeit notes and the banks will be fined if they pass those.
4-22-2018 Newshound/Intel Guru Frank26 …IMO Iraq just finished printing not only the small notes for their RI but also 000's notes. "What the frank are you talking about, Frank?" Well, you see the small notes are for the RI but the extra 000's notes are to replace the worn and torn 000 notes that have been in the market since 2003. Yes, they printed a few new series of 25K's sometime around 2015 with the metal strips, but these notes too are old now and well used. Because the 000's and the small notes will co-exist for many years to come, it is necessary to do what I just suggested. And thank God they are doing this with the 000's. Why? You many not want to exchange all your dinars at the onset and if they co-exist for years to come, oh snap, you have the advantage.
4-22-2018 Newshound Guru Kaperoni …They calculate it by taking the official rate, 1184 plus the CBI commissions of 6 dinar which brings it up to 1190 and there’s the 2% spread added to that which brings it up to 1214 or less. So the market rate has to be 1214 or less on the street in Iraq. For those who have been around a long time have seen it at 1220, 1230 and as high as 1254 but the last 34 days the CBI (right around Mid-March) was able to…with the help of the UST and IMF…figure out a new criteria for their daily auctions to reduce that spread in the country to below 1214. So the last 34 days the CBI has consistently met the 2% spread rule. Last I checked today (Thursday) it was 1205. [Post 2 of 3]
4-22-2018 Newshound Guru Kaperoni There are a lot of rules that the IMF and the CBI engage with each other on…The CBI is in Article 14. This is not where the CBI wants to be. They desire to be in Article 8…in fact they have an obligation to the IMF to constantly be pursuing movement to Article 8. In other words, to be improving their banking system to the point where they can qualify to go to article 8. The last Article 4 consultation that came out last September reiterated once again that the IMF has a 2% rule - which is a 2% or less spread between what they call the official rate (which is the CBI rate - 1184) and the market rate which is the street rate. That can not grow beyond that 2%…It’s been anywhere from 5 to 10% since 2013. They just have not been able to reduce that spread… [Post 1 of 3 Stay tuned for the rest of the story.]
4-22-2018 Newshound Guru Mnt Goat The FACTS are now telling us this – unless the GOI can passes the last remaining needed laws, the CBI is not going to go ahead. The CBI also has to collect more of these larger 3 zero notes and so the final push during this last stage to do so. Now having said all this, the CBI does not just go dead either while they wait for the GOI to catch up. Instead they are still pushing forward in anticipation that the GOI will complete its part very soon, hopefully even prior to the elections...
4-22-2018 Newshound Guru G-Lin Article: “The Central Bank refuses to distinguish between categories of banknotes and prepares a legal violation” I think they are educating the people on currency exchange. All catagories will be accepted. It is law. The only ones that will not be accepted are counterfeit notes and the banks will be fined if they pass those.
4-22-2018 Newshound/Intel Guru Frank26 …IMO Iraq just finished printing not only the small notes for their RI but also 000's notes. "What the frank are you talking about, Frank?" Well, you see the small notes are for the RI but the extra 000's notes are to replace the worn and torn 000 notes that have been in the market since 2003. Yes, they printed a few new series of 25K's sometime around 2015 with the metal strips, but these notes too are old now and well used. Because the 000's and the small notes will co-exist for many years to come, it is necessary to do what I just suggested. And thank God they are doing this with the 000's. Why? You many not want to exchange all your dinars at the onset and if they co-exist for years to come, oh snap, you have the advantage.
4-21-2018 Newshound Guru Kaperoni ...They also could never RV or RI because there is over 66 trillion Iraqi dinars in circulation that must be reduce gradually over time to reduce the money supply. They cannot reduce the money supply prior because it is necessary to keep a balance between dinars and dollars for the daily auctions to maintain the correct spread. “There is not 66 million circulating in Iraq Most of the dinars are non circulating” Sorry, if they are outside the CBI they are in circulation. And the number is 66 trillion not billion. [Post 2 of 2]
4-21-2018 Newshound Guru Kaperoni I laughed at the guru's keep saying over and over that they could not float. The fact is that is what countries do…that is the only option, your either pegged or you float! When the CBI moves to IMF Article VIII they will have to move to a different exchange rate regime and get off the peg. that is a must to counter inflationary pressure created by the influx of capital from investors. That is also the reason why they cannot RV or RI because the appreciation of the float is a tool used to counter inflationary pressure. [Post 1 of 2]
4-21-2018 Newshound Guru Mnt Goat …we are witnessing something ongoing that we have NEVER seen before and only hoped and prayed for all these years. This is the near end of the “PROJECT TO DELETE THE ZEROS” as we are being told in many consistent articles that the CBI is ready to move to the next step that of the reinstatement of their currency. They are ready to go and put in place all the needed reforms and processes. We could not hope for any better news. Just the fact that they are talking about the project to delete the zeros once again is music to my ears. It has been so long since we heard anything positive. Now it is here. Let’s see how it all plays out.
4-21-2018 Intel Guru Dr. Clarke Ramadan will Not Stop this. No Holidays will Stop this. Maliki will Not Stop this. (or any other candidate) Parliament in recess till June, will Not Stop this. Kurdistan will Not Stop this. Syrian & surrounding rebels, including Iran, will Not Stop this. Opposing Political parties within the U.S. and abroad, will Not Stop this. The Elections will Not Stop this. HAVE YOU CIRCLED SUNDAY, APRIL 29, 2018 yet? WE LIKE THIS DATE. BECAUSE, it’s 2 Days away from TUESDAY, MAY 1, 2018...12 Days Prior to the Election…bringing “MAY Flowers”....and it's a FULL MOON. We’ve stated before in our Previous 3 POSTS: “MAY 2018”…MAGIC. Sleep Well Tonight… [post 2 of 2]
4-21-2018 Intel Guru Dr. Clarke The United States Cannot and Will Not afford, a glitch in the system, during the Iraq Elections. They HAVE protected & will continue to protect, their investment - Short Term & Long Term. Quietly. An RV in Iraq WILL NOT insure a Win for Abadi…because Abadi has ALREADY Won…THUS, why he has allegedly said, he’s going to delete the zero’s, IMMEDIATELY AFTER the elections, MAY 12th, 2018…which is 60 DAYS after March 12, 2018 when they publicly came out and said, the Lower Denominations of currency were being released “In the Coming Days”. [post 1 of 2….stay tuned]
4-21-2018 Newshound Guru Aggiedad77 Article: “Iraq to resume payment of compensation to Kuwait” [Is it just me or is this huge!] I'M IN AGREEMENT...IMO IT IS HUUUUGGGEEEE... SHOWS IMO...THAT IRAQ IS BELIEVED TO HAVE SOLVENCY IN THEIR FINANCIAL ARENA AGAIN SINCE THEY HAVE DEFEATED ISIS SO THEY MAY RESTART THESE PAYMENTS TO KUWAIT...THEY WERE FUNNELING A LARGE SUM OF THEIR FUNDS TO THE WAR ON TERRORISM NO DOUBT AND BY THE UN AND KW ALLOWING THEM TO POSTPONE THESE PAYMENTS IT HELPED THEM IN A TIME OF BIG TROUBLE...NOW THEY ARE SHOWING THEIR RE-COMMITMENT IN GETTING THE PAYMENTS STARTED AGAIN... ANOTHER PIECE OF THE PUZZLE FALLING INTO PLACE...ALL IMO.
4-21-2018 Newshound/Intel Guru Frank26 Alak and the CBI have been telling you – Boldly! They are ready to lift the 000's from their exchange rate because they are ready to RI. They tell you they seek a suitable environment, but you don't need the Hubble Telescope to see they have that already. IMF brags how safe Iraq is. WTO says its a good place to invest. USA commends Iraq on their security and stability...
4-21-2018 Newshound Guru Kaperoni ...We read matter of factly the other day in a news article from Prime Minister Abadi that they expect to open the banking system or engage the banking system with the world directly after the elections so there isn’t anything more clear than that…
4-21-2018 Newshound Guru EHankins Article: “Iraq to resume payment of compensation to Kuwait” Now... if my memory serves me correctly... a long long while back I remember Frank [Guru Frank26] telling us that Kuwait was happy to wait to be compensated until obviously now, because when they do receive this compensation the "value" of the Iraqi dinar would be "STRONGER", of more value. Perhaps this is simply obvious but adds to the "winners" column in our favor. IMO.
4-21-2018 Newshound Guru sandyf Question: “IF it WAS $3.21 and we sanctioned them, then WHY can't it go back to $3.21?” There is a very good reason why not. At the time the dinar was rumoured to be at that rate there was about 20 billion IQD in circulation, that would have put the liability on the CBI at around 64 billion USD. When the new IQD was introduced in 2003, 6.5 trillion were put into circulation at a rate of 1900/USD, this would have made the liability on the CBI in the order of 3.4 billion USD. As at the 31st March 2018 the liability on the CBI in respect of issued currency the equivalent of 35.6 billion USD. A revaluation to $3.71 would put the liability on the CBI to about 156 trillion USD, or to put it in perspective, nearly 8 times the US national debt.
4-21-2018 Newshound Guru chattels I do not believe that the dinar is a scam per se. It was a highly speculative venture that has been impacted by developments / conditions in Iraq, social, financial and political. The outcome was and is unknown…About 22 days remaining before the Iraqi people go to the voting booths.
4-21-2018 Newshound Guru Kaperoni I laughed at the guru's keep saying over and over that they could not float. The fact is that is what countries do…that is the only option, your either pegged or you float! When the CBI moves to IMF Article VIII they will have to move to a different exchange rate regime and get off the peg. that is a must to counter inflationary pressure created by the influx of capital from investors. That is also the reason why they cannot RV or RI because the appreciation of the float is a tool used to counter inflationary pressure. [Post 1 of 2]
4-21-2018 Newshound Guru Mnt Goat …we are witnessing something ongoing that we have NEVER seen before and only hoped and prayed for all these years. This is the near end of the “PROJECT TO DELETE THE ZEROS” as we are being told in many consistent articles that the CBI is ready to move to the next step that of the reinstatement of their currency. They are ready to go and put in place all the needed reforms and processes. We could not hope for any better news. Just the fact that they are talking about the project to delete the zeros once again is music to my ears. It has been so long since we heard anything positive. Now it is here. Let’s see how it all plays out.
4-21-2018 Intel Guru Dr. Clarke Ramadan will Not Stop this. No Holidays will Stop this. Maliki will Not Stop this. (or any other candidate) Parliament in recess till June, will Not Stop this. Kurdistan will Not Stop this. Syrian & surrounding rebels, including Iran, will Not Stop this. Opposing Political parties within the U.S. and abroad, will Not Stop this. The Elections will Not Stop this. HAVE YOU CIRCLED SUNDAY, APRIL 29, 2018 yet? WE LIKE THIS DATE. BECAUSE, it’s 2 Days away from TUESDAY, MAY 1, 2018...12 Days Prior to the Election…bringing “MAY Flowers”....and it's a FULL MOON. We’ve stated before in our Previous 3 POSTS: “MAY 2018”…MAGIC. Sleep Well Tonight… [post 2 of 2]
4-21-2018 Intel Guru Dr. Clarke The United States Cannot and Will Not afford, a glitch in the system, during the Iraq Elections. They HAVE protected & will continue to protect, their investment - Short Term & Long Term. Quietly. An RV in Iraq WILL NOT insure a Win for Abadi…because Abadi has ALREADY Won…THUS, why he has allegedly said, he’s going to delete the zero’s, IMMEDIATELY AFTER the elections, MAY 12th, 2018…which is 60 DAYS after March 12, 2018 when they publicly came out and said, the Lower Denominations of currency were being released “In the Coming Days”. [post 1 of 2….stay tuned]
4-21-2018 Newshound Guru Aggiedad77 Article: “Iraq to resume payment of compensation to Kuwait” [Is it just me or is this huge!] I'M IN AGREEMENT...IMO IT IS HUUUUGGGEEEE... SHOWS IMO...THAT IRAQ IS BELIEVED TO HAVE SOLVENCY IN THEIR FINANCIAL ARENA AGAIN SINCE THEY HAVE DEFEATED ISIS SO THEY MAY RESTART THESE PAYMENTS TO KUWAIT...THEY WERE FUNNELING A LARGE SUM OF THEIR FUNDS TO THE WAR ON TERRORISM NO DOUBT AND BY THE UN AND KW ALLOWING THEM TO POSTPONE THESE PAYMENTS IT HELPED THEM IN A TIME OF BIG TROUBLE...NOW THEY ARE SHOWING THEIR RE-COMMITMENT IN GETTING THE PAYMENTS STARTED AGAIN... ANOTHER PIECE OF THE PUZZLE FALLING INTO PLACE...ALL IMO.
4-21-2018 Newshound/Intel Guru Frank26 Alak and the CBI have been telling you – Boldly! They are ready to lift the 000's from their exchange rate because they are ready to RI. They tell you they seek a suitable environment, but you don't need the Hubble Telescope to see they have that already. IMF brags how safe Iraq is. WTO says its a good place to invest. USA commends Iraq on their security and stability...
4-21-2018 Newshound Guru Kaperoni ...We read matter of factly the other day in a news article from Prime Minister Abadi that they expect to open the banking system or engage the banking system with the world directly after the elections so there isn’t anything more clear than that…
4-21-2018 Newshound Guru EHankins Article: “Iraq to resume payment of compensation to Kuwait” Now... if my memory serves me correctly... a long long while back I remember Frank [Guru Frank26] telling us that Kuwait was happy to wait to be compensated until obviously now, because when they do receive this compensation the "value" of the Iraqi dinar would be "STRONGER", of more value. Perhaps this is simply obvious but adds to the "winners" column in our favor. IMO.
4-21-2018 Newshound Guru sandyf Question: “IF it WAS $3.21 and we sanctioned them, then WHY can't it go back to $3.21?” There is a very good reason why not. At the time the dinar was rumoured to be at that rate there was about 20 billion IQD in circulation, that would have put the liability on the CBI at around 64 billion USD. When the new IQD was introduced in 2003, 6.5 trillion were put into circulation at a rate of 1900/USD, this would have made the liability on the CBI in the order of 3.4 billion USD. As at the 31st March 2018 the liability on the CBI in respect of issued currency the equivalent of 35.6 billion USD. A revaluation to $3.71 would put the liability on the CBI to about 156 trillion USD, or to put it in perspective, nearly 8 times the US national debt.
4-21-2018 Newshound Guru chattels I do not believe that the dinar is a scam per se. It was a highly speculative venture that has been impacted by developments / conditions in Iraq, social, financial and political. The outcome was and is unknown…About 22 days remaining before the Iraqi people go to the voting booths.
4-20-2018 Newshound Guru chattels Article “An unprecedented drop in the dollar in Iraq Release date: 2018/4/20 11:56 • [Ayn-Baghdad] Foreign currency markets in Baghdad, on Friday morning, recorded an unprecedented drop in the dollar exchange rate against the Iraqi dinar. The market price in the Kifah Stock Exchange in Baghdad was 1200 dinars per dollar, or 120 thousand dinars for one hundred dollars.” 1200 dinars per dollar…
4-20-2018 Newshound Guru sandyf The idea of floating the IQD will always be a possibility but not an option normally taken by emerging markets. Growth rate is normally measured in just a few percent per year, China's highest currency appreciation reached 3% per year. If Iraq was to outperform that and say reached 5% per year, then in 25 years time the IQD would be 328 to the dollar. At 10% per annum it would take around 23 years to reach parity.
4-20-2018 Newshound Guru Adam Montana …I was speculating on the Syria/Russia issue... Nothing concerning has occurred, I really don't think anything is going to happen that will be of significant concern, so we're just about back on track. Just for the sake of prudence, I'm not going to really put my foot down that we're in the clear until after the weekend... but it looks like my initial comments about this blowing over are going to hold true. At the very worst, we had a week delay. In the meantime, we've gotten closer to Elections, HCL, and more. Overall, I'd say we're still on track and I'll be inching back towards the edge of my seat with the next encouraging bit of news out of Iraq. I'm not sure what exactly it will be, but if they want to just surprise us with something great - bring it on!
4-20-2018 Walkingstick …I said it and I still stand by what I said... They complied, with the necessary.. outstanding obligation/s in the 1st quarter…
4-20-2018 Newshound Guru chattels If Shabbibi did not know and if he did, could not say when the dinar would have value, and the delete the zeroes equates to value on the dinar, why would Iraq " announce " or foreshadow such a change with an advance public educational campaign ? Kinda silly I think, eh?
4-20-2018 Newshound Guru sandyf I haven't seen any sort of estimate for some time. Back around 2010/11 when the dinar dealers were in their hayday it was estimated that appoximately two thirds was outside the country, around 20 trillion…Obviously without any factual basis and some of the theories about who actually has dinar is questionable. The one thing that we do know is that in 2003 it took around 6.5 trillion new dinar to replace the old so a good indication of how much was in Iraq at the end of 2003…The rise in the amount of currency in circulation has far exceeded the rise in population and it should be borne in mind that currency that has migrated across local borders is still outside Iraq. I would not think it unreasonable for somewhere in the order of 50/60 percent of the currency to be outside the country. If that were the case I can see it being a major headache in terms of a redenomination. There could be severe repercussions if Iraq were to say that the IQD can only be exchanged in Iraq.
4-20-2018 Newshound Guru MilitiaMan …the first quarter shows that the 3 Zeros were lifted (Trillions down to Billions) and the currency expenses got lesser over time as well…the assumption on not only my part is that they in fact are getting the NOD from the USA now…Now think about where we are today and the list of items we have completed to date. It is lengthy…Also, keep in mind there have been meetings that came and went as of recent like in, (EU / IMF / WB), ones finishing up today with the AMF and the IMF in DC finishing same day, Sunday. All this should give us all a peace of mind that we are in fact watching the process finish. imo I am not sure if my view is the correct one…evidence kills the notion for after the Elections.. [Post 2 of 2]
4-20-2018 Intel Guru Bruce The song “The Final Count Down” is appropriate…There is a slight possibility we could go slightly before Iraq or a possibility Iraq will go and put their rate out or we could almost do that simultaneously. All the currencies were on the screens yesterday except the dinar. It kind of comes up and it has been off…We know it will be there by the time we start. It is just interesting that it keeps popping in and popping out sensibly for the changes in the rate. …It is hard to say, but I think realistically it is not a wait on Iraq anymore. It is much bigger than Iraq. This is more of a global thing…I can tell you the President is in favor of everything moving through. My understanding is he has signed off on everything, and it is really in the hands of the Treasury and maybe the IMF to do the actual release. So we are in very good position right now for everything to come through… I am excited where we are…
4-20-2018 Intel/Newshound Guru Delta "The dinar is down against the dollar in the local stock exchange100"....1195 & 1197 ......VERY NICE THE LOWEST IN THE MARKET SO FAR........HUGE...CBI SELL IT TO BANK AT 1190… [Special NOTE: The lower the number the STRONGER the rate to the dollar = what we want to see!]
4-20-2018 Newshound Guru Militia Man This sure looks to me like Abadi with a prominent Religious Man has just announced that Iraq has initiated the stage of reconstruction, construction and investment phase for Iraq's future…They are also telling us that they have the Interests of the US in mind as well…In other, words the We (W) Are (A) Ready (R) words were heard in Washington. imo When Abadi does speak in respect to completions, activation's, implementations or even paying with past tense, I listen. There is a lot of data to support that the process is almost 100% complete, a side from the CBI posting an international rate for the IQD that is on their website for the world to see, not just in Arabic. That imo is the 100% and is coming regardless now... [Post 1 of 2 stay tuned...]
4-20-2018 Newshound Guru sandyf The idea of floating the IQD will always be a possibility but not an option normally taken by emerging markets. Growth rate is normally measured in just a few percent per year, China's highest currency appreciation reached 3% per year. If Iraq was to outperform that and say reached 5% per year, then in 25 years time the IQD would be 328 to the dollar. At 10% per annum it would take around 23 years to reach parity.
4-20-2018 Newshound Guru Adam Montana …I was speculating on the Syria/Russia issue... Nothing concerning has occurred, I really don't think anything is going to happen that will be of significant concern, so we're just about back on track. Just for the sake of prudence, I'm not going to really put my foot down that we're in the clear until after the weekend... but it looks like my initial comments about this blowing over are going to hold true. At the very worst, we had a week delay. In the meantime, we've gotten closer to Elections, HCL, and more. Overall, I'd say we're still on track and I'll be inching back towards the edge of my seat with the next encouraging bit of news out of Iraq. I'm not sure what exactly it will be, but if they want to just surprise us with something great - bring it on!
4-20-2018 Walkingstick …I said it and I still stand by what I said... They complied, with the necessary.. outstanding obligation/s in the 1st quarter…
4-20-2018 Newshound Guru chattels If Shabbibi did not know and if he did, could not say when the dinar would have value, and the delete the zeroes equates to value on the dinar, why would Iraq " announce " or foreshadow such a change with an advance public educational campaign ? Kinda silly I think, eh?
4-20-2018 Newshound Guru sandyf I haven't seen any sort of estimate for some time. Back around 2010/11 when the dinar dealers were in their hayday it was estimated that appoximately two thirds was outside the country, around 20 trillion…Obviously without any factual basis and some of the theories about who actually has dinar is questionable. The one thing that we do know is that in 2003 it took around 6.5 trillion new dinar to replace the old so a good indication of how much was in Iraq at the end of 2003…The rise in the amount of currency in circulation has far exceeded the rise in population and it should be borne in mind that currency that has migrated across local borders is still outside Iraq. I would not think it unreasonable for somewhere in the order of 50/60 percent of the currency to be outside the country. If that were the case I can see it being a major headache in terms of a redenomination. There could be severe repercussions if Iraq were to say that the IQD can only be exchanged in Iraq.
4-20-2018 Newshound Guru MilitiaMan …the first quarter shows that the 3 Zeros were lifted (Trillions down to Billions) and the currency expenses got lesser over time as well…the assumption on not only my part is that they in fact are getting the NOD from the USA now…Now think about where we are today and the list of items we have completed to date. It is lengthy…Also, keep in mind there have been meetings that came and went as of recent like in, (EU / IMF / WB), ones finishing up today with the AMF and the IMF in DC finishing same day, Sunday. All this should give us all a peace of mind that we are in fact watching the process finish. imo I am not sure if my view is the correct one…evidence kills the notion for after the Elections.. [Post 2 of 2]
4-20-2018 Intel Guru Bruce The song “The Final Count Down” is appropriate…There is a slight possibility we could go slightly before Iraq or a possibility Iraq will go and put their rate out or we could almost do that simultaneously. All the currencies were on the screens yesterday except the dinar. It kind of comes up and it has been off…We know it will be there by the time we start. It is just interesting that it keeps popping in and popping out sensibly for the changes in the rate. …It is hard to say, but I think realistically it is not a wait on Iraq anymore. It is much bigger than Iraq. This is more of a global thing…I can tell you the President is in favor of everything moving through. My understanding is he has signed off on everything, and it is really in the hands of the Treasury and maybe the IMF to do the actual release. So we are in very good position right now for everything to come through… I am excited where we are…
4-20-2018 Intel/Newshound Guru Delta "The dinar is down against the dollar in the local stock exchange100"....1195 & 1197 ......VERY NICE THE LOWEST IN THE MARKET SO FAR........HUGE...CBI SELL IT TO BANK AT 1190… [Special NOTE: The lower the number the STRONGER the rate to the dollar = what we want to see!]
4-20-2018 Newshound Guru Militia Man This sure looks to me like Abadi with a prominent Religious Man has just announced that Iraq has initiated the stage of reconstruction, construction and investment phase for Iraq's future…They are also telling us that they have the Interests of the US in mind as well…In other, words the We (W) Are (A) Ready (R) words were heard in Washington. imo When Abadi does speak in respect to completions, activation's, implementations or even paying with past tense, I listen. There is a lot of data to support that the process is almost 100% complete, a side from the CBI posting an international rate for the IQD that is on their website for the world to see, not just in Arabic. That imo is the 100% and is coming regardless now... [Post 1 of 2 stay tuned...]
4-19-2018 Newshound/Intel Guru Mnt Goat Article quote: "The CENTRAL BANK'S AUCTION IS SUPPOSED TO BE TEMPORARY FOR A SITUATION THAT THE IRAQI ECONOMY HAS LIVED UNDER IN CERTAIN CIRCUMSTANCES AND IT MUST STOP AFTER THAT, BUT IT HAS CONTINUED FOR MANY YEARS”. I strongly believe that the corruption involved in these auctions and billions being made by the politicians being involved with their fictitious companies may be one of the reason for delaying this RV for so long. ...So what we want is for them to discontinue them.
4-19-2018 Newshound Guru Kaperoni The problem with most dinar investors is they think the dinar can revalue to some random number... it cant... It is mathimatically impossible to RV or RI...the only thing that can happen is the world can set the rate...that means float... Once capital markets are integrated internationally, vast amounts of money may flow into and out of the country in a short period of time...This will make it very difficult for the country to maintain a fixed exchange rate. ...So they have to move off the peg to a float, there is no option... well documented... factual...written in imf docs...
4-19-2018 Newshound Guru chattels Our best / earliest hope is post election, IMO. The election is May 12 and Ramadan starts a few days thereafter.
4-19-2018 Intel/Newshound Guru sandyf The last financial statement from the CBI was signed off on the 25th July 2017, so it will be a few months before we see the next one. The statement shows the total liabilities of the CBI as being 74,344,721 million IQD from which a liability of 45,231,515 million IQD (approx 61%) exists for currency issued. It should be noted that total assets are shown as 76,544,213 million IQD so equity in the CBI stands at about 2.9% of assets. In simple terms, very close to being technically insolvent.
4-19-2018 Newshound/Intel Guru Mnt Goat ...Iraq is still progressing forward with the reviews and relationship with the World Bankk to join the WTO. They will, however, need a tradable currency at some point. So we wait for this too to give pressure to RV.
4-19-2018 Intel Guru ADMINBILL The information I have received in the pst days is very promising. Alignment between information sources is high...
4-19-2018 Newshound Guru Kaperoni So we hope it doesn't happen but al-Maliki is a real threat to cause problems with the upcoming elections as he tries for a third term, the retweets of his brutal tactics are an example.
4-19-2018 Intel/Newshound Guru American Contractor ...In the course of the next few months you may quite possible see media reporting about a delete the zeros project. According to the intel I have, as well as info I received today from a banker, the delete the zeros project is going to be progressing at a much faster pace, and word has it that new information will be published after Ramadan. ...Everything from this point on is riding on the upcoming national and local elections (May 12). There appears to be a vast more supporters than not for the delete the zero's project... [post 2 of 2]
4-19-2018 Intel/Newshound Guru American Contractor ...You may see some action possible after the elections depending on which party has control of the government. The Iraqi parliament will have to vote on the delete the zeros project given that they did not get the opportunity in 2012. The Iraqi cabinet stopped it because they believed the economic climate was not yet ready. ...Oil prices are continuing to go up and businesses are returning although cautiously and investing in startups and existing companies... ...You will learn of the delete the zeros project getting ready to be implemented when you read that there is a education campaign going on inside Iraq. The education campaign will consist of news media, flyers, and radio advertising to get the word out. The CBI wants to make sure that everyone is informed about the delete the zeros project... [post 1 of 2....stay tuned]
4-19-2018 Newshound/Intel Guru BGG Article: "Instructions and criteria for circulation and replacement of banknotes" There is an extraordinary amount of information in this article – just stunning. They are obviously preparing for something. What? No clue...but this key phrase seems to forecast some need for small denominations of notes. Key Phrase: ..."Banks should open windows to replace damaged and damaged banknotes to the public and hand them over to this bank and its branches, And promoting the circulation of small denomination banknotes”…
4-19-2018 Newshound Guru Kaperoni Another great day [Wednesday] on the CBI auction spread 1201 dinars to $1 US dollar. Well within 2% IMF compliance for 33rd consecutive day.
4-19-2018 Newshound/Intel Guru Mnt Goat ...Iraq is still progressing forward with the reviews and relationship with the World Bankk to join the WTO. They will, however, need a tradable currency at some point. So we wait for this too to give pressure to RV.
4-19-2018 Newshound Guru Kaperoni The problem with most dinar investors is they think the dinar can revalue to some random number... it cant... It is mathimatically impossible to RV or RI...the only thing that can happen is the world can set the rate...that means float... Once capital markets are integrated internationally, vast amounts of money may flow into and out of the country in a short period of time...This will make it very difficult for the country to maintain a fixed exchange rate. ...So they have to move off the peg to a float, there is no option... well documented... factual...written in imf docs...
4-19-2018 Newshound Guru chattels Our best / earliest hope is post election, IMO. The election is May 12 and Ramadan starts a few days thereafter.
4-19-2018 Intel/Newshound Guru sandyf The last financial statement from the CBI was signed off on the 25th July 2017, so it will be a few months before we see the next one. The statement shows the total liabilities of the CBI as being 74,344,721 million IQD from which a liability of 45,231,515 million IQD (approx 61%) exists for currency issued. It should be noted that total assets are shown as 76,544,213 million IQD so equity in the CBI stands at about 2.9% of assets. In simple terms, very close to being technically insolvent.
4-19-2018 Newshound/Intel Guru Mnt Goat ...Iraq is still progressing forward with the reviews and relationship with the World Bankk to join the WTO. They will, however, need a tradable currency at some point. So we wait for this too to give pressure to RV.
4-19-2018 Intel Guru ADMINBILL The information I have received in the pst days is very promising. Alignment between information sources is high...
4-19-2018 Newshound Guru Kaperoni So we hope it doesn't happen but al-Maliki is a real threat to cause problems with the upcoming elections as he tries for a third term, the retweets of his brutal tactics are an example.
4-19-2018 Intel/Newshound Guru American Contractor ...In the course of the next few months you may quite possible see media reporting about a delete the zeros project. According to the intel I have, as well as info I received today from a banker, the delete the zeros project is going to be progressing at a much faster pace, and word has it that new information will be published after Ramadan. ...Everything from this point on is riding on the upcoming national and local elections (May 12). There appears to be a vast more supporters than not for the delete the zero's project... [post 2 of 2]
4-19-2018 Intel/Newshound Guru American Contractor ...You may see some action possible after the elections depending on which party has control of the government. The Iraqi parliament will have to vote on the delete the zeros project given that they did not get the opportunity in 2012. The Iraqi cabinet stopped it because they believed the economic climate was not yet ready. ...Oil prices are continuing to go up and businesses are returning although cautiously and investing in startups and existing companies... ...You will learn of the delete the zeros project getting ready to be implemented when you read that there is a education campaign going on inside Iraq. The education campaign will consist of news media, flyers, and radio advertising to get the word out. The CBI wants to make sure that everyone is informed about the delete the zeros project... [post 1 of 2....stay tuned]
4-19-2018 Newshound/Intel Guru BGG Article: "Instructions and criteria for circulation and replacement of banknotes" There is an extraordinary amount of information in this article – just stunning. They are obviously preparing for something. What? No clue...but this key phrase seems to forecast some need for small denominations of notes. Key Phrase: ..."Banks should open windows to replace damaged and damaged banknotes to the public and hand them over to this bank and its branches, And promoting the circulation of small denomination banknotes”…
4-19-2018 Newshound Guru Kaperoni Another great day [Wednesday] on the CBI auction spread 1201 dinars to $1 US dollar. Well within 2% IMF compliance for 33rd consecutive day.
4-19-2018 Newshound/Intel Guru Mnt Goat ...Iraq is still progressing forward with the reviews and relationship with the World Bankk to join the WTO. They will, however, need a tradable currency at some point. So we wait for this too to give pressure to RV.
4-18-2018 Intel Guru RayRen98 [So your info about banking here matches with that from Kurdistan?] Yes, they are all saying ‘by the end of the month’. I don’t care what they say; I watch what they do, and they are all preparing for this to happen.
4-18-2018 Newshound Guru Kaperoni The upcoming elections in Iraq could play a critical part in whether monetary reform occurs sooner than later. Today rumors of al-Maliki supporters tearing down opposition posters. Some say Maliki is paying 50 million dinar to vote for his block. Monetary reform/currency reform is a must for Iraq to engage with the world economy, more importantly bring investors to Iraq. But can Iraq overcome the opposition?
4-18-2018 Newshound Guru Walkingstick It doesn’t make any sense for them to have all this money and thousands and thousands of ATM’s unless they are going to RI.
4-18-2018 Newshound/Intel Guru Mnt Goat "ADOPTION OF THE LAW OF OIL AND GAS CONTRIBUTE TO ENDING THE ETERNAL DISPUTE BETWEEN BAGHDAD AND ERBIL" so here it is in writing – HCL is done! Also I have been telling everyone the contention between the GOI and KRG and that is was all about getting a formal, legal law passed in parliament for how the oil and gas (95% of the wealth of Iraq) is to be managed.
4-18-2018 Intel Guru Frank26 Many firms told there would be a 24 hour notification to turn on ATM's. There is serious, continual talk about turning on the ATM's. Lower denoms in the ATM's can't be turned on without a new rate.
4-18-2018 Newshound Guru Walkingstick [...What is the significance of April 30th to Iraq.] They have a set date for their rate changes. Every April of every year, the IMF updates the exchange rate of Iraq. Iraq does not have to wait till the 30th. They can do it today or tomorrow but when the IMF updates it will reflect the new rate for Iraq. It often does not show up for seven days. Come up on the 7th of May all the nations that changed in the month of April. They do not have an option. Again, this is not an option. They have to do this...
4-18-2018 Intel Guru Bruce Iraq still has it lower denominations ready to go in their ATMs. ...those were supposed to be available to the Iraqi citizens today out of the ATMs. Now I couldn’t confirm it...However, I can tell you this, the rates for all of these currencies have been off the screen, on and off, the last few days. ...yesterday they came back up. So the rates were back on and still on today. That is a good thing because they have been fluctuating and updating so on. So they are solid now. Let’s see if they stay solid. If they do it will be a positive thing for us. ...What I should say is everyone is in a great place right now. We are hearing things that lead us to believe we are in the precipice of this going down for us.
4-18-2018 Intel Guru Footforward Nothing has changed. I still expect the RV right away. I feel we are within days. I take that to mean less then 2 weeks.
4-18-2018 Newshound Guru Kaperoni The upcoming elections in Iraq could play a critical part in whether monetary reform occurs sooner than later. Today rumors of al-Maliki supporters tearing down opposition posters. Some say Maliki is paying 50 million dinar to vote for his block. Monetary reform/currency reform is a must for Iraq to engage with the world economy, more importantly bring investors to Iraq. But can Iraq overcome the opposition?
4-18-2018 Newshound Guru Walkingstick It doesn’t make any sense for them to have all this money and thousands and thousands of ATM’s unless they are going to RI.
4-18-2018 Newshound/Intel Guru Mnt Goat "ADOPTION OF THE LAW OF OIL AND GAS CONTRIBUTE TO ENDING THE ETERNAL DISPUTE BETWEEN BAGHDAD AND ERBIL" so here it is in writing – HCL is done! Also I have been telling everyone the contention between the GOI and KRG and that is was all about getting a formal, legal law passed in parliament for how the oil and gas (95% of the wealth of Iraq) is to be managed.
4-18-2018 Intel Guru Frank26 Many firms told there would be a 24 hour notification to turn on ATM's. There is serious, continual talk about turning on the ATM's. Lower denoms in the ATM's can't be turned on without a new rate.
4-18-2018 Newshound Guru Walkingstick [...What is the significance of April 30th to Iraq.] They have a set date for their rate changes. Every April of every year, the IMF updates the exchange rate of Iraq. Iraq does not have to wait till the 30th. They can do it today or tomorrow but when the IMF updates it will reflect the new rate for Iraq. It often does not show up for seven days. Come up on the 7th of May all the nations that changed in the month of April. They do not have an option. Again, this is not an option. They have to do this...
4-18-2018 Intel Guru Bruce Iraq still has it lower denominations ready to go in their ATMs. ...those were supposed to be available to the Iraqi citizens today out of the ATMs. Now I couldn’t confirm it...However, I can tell you this, the rates for all of these currencies have been off the screen, on and off, the last few days. ...yesterday they came back up. So the rates were back on and still on today. That is a good thing because they have been fluctuating and updating so on. So they are solid now. Let’s see if they stay solid. If they do it will be a positive thing for us. ...What I should say is everyone is in a great place right now. We are hearing things that lead us to believe we are in the precipice of this going down for us.
4-18-2018 Intel Guru Footforward Nothing has changed. I still expect the RV right away. I feel we are within days. I take that to mean less then 2 weeks.
4-17-2018 Newshound/Intel Guru Mnt Goat Article: "THE SEEDS OF REFORM IN MONETARY POLICY BEGIN TO BEAR FRUIT" This article is just all about informing the public and investors that they are in charge of the monetary policy of Iraq and not to worry...so once again the CBI is beating their chest on how good they are all they accomplished in spite of all the past corruption...yes “cash market” began to feel the results. People carrying around less cash (can use POS), no lines at the banks to get paid (electronic payrolls. Just a total reduction by 2/3 of all cash in circulation. They did it and they are telling us they are successful... an amazing article! WOW.
4-17-2018 Newshound Guru G-Lin Article quote: "The new issue of the Iraqi Gazette No. 4486 was issued. Law No. (3) for the year 2018 includes the First Amendment Law of the Anti-Terrorism Law No. (31) of 2016 and the Iraqi National Oil Company Law No. (4) of 2018." law of the Iraqi National Oil Company No. 4 of 2018. [Is that the HCL we all want or just another piece of the puzzle?] No it is not the HCL but it is quite detailed. It also addresses the 10% of proceeds to the citizens. I'm surprised it passed actually. There is a lot of disagreement in Parl...
4-17-2018 Intel Guru Frank26 In an Article - Alak, the governor of the CBI came out and said publicly, “We Are Ready”. As of today, campaigning for their election started...Elections are on May 12th. IMO Everything regarding the Monetary Reform has to be done way before the election. IMO This is the month for them to do this. IMO We are only waiting now for the CBI to release the rate. IMO If they remove the 3 Zero’s, the rate would be at least 1.2 dinars to the dollar. We are hearing that their ATM’s are loaded with New Lower Denomination Notes. IMO The ATM’s open for business and the rate change will happen more or less about the same time.
4-17-2018 Intel/Newshound Guru American Contractor It has been reported, that the Central Bank of Iraq (CBI) have closed the gap with the parallel market rate. Issues remain with the currency and the CBI is preparing to print even more currency shortly after the elections. As if they don't have enough already! Ramada begins May 15, 2018, so clearly nothing significant will happen during this time. [post 3 of 3]
4-17-2018 Intel/Newshound Guru American Contractor There are currently 26 days left in the Iraqi national elections. Over 1,000 candidates are campaigning for all the various political positions. Each and every one of my Iraqi contacts have stated that this election is their most crucial one for the future of Iraq. The Iranian government is trying to maintain their control of the Iraqi government. Clearly, Iran does not want to see the Iraqi government align themselves with the west. In my opinion, the Iraqi government has an unstable relationship with the west and a stronger relationship with Russia, Iran and China. [[post 2 of 3....stay tuned]
4-17-2018 Intel/Newshound Guru American Contractor Iraqi Security Forces (ISF) have recaptured all of the territory hold by the Islamic State (ISIS). However, in December of 2017, the Prime Minister Haider al- Abadi declared ISIS defeated. Unfortunately, large areas of northern and westen Iraq continue to lay in ruins from the extensive fighting. Since 2014, the lack of local governance, secure transportation, disruption in local services, and a decrease in international oil prices have severely impacted Iraq's economy. At the present time, the Iraqi's are shifting their attention towards recovery and the country's political future. The security conditions are improving and the Iraqi army is continuing onward with their counter-terrorism operations against the Islamic State. [post 1 of 3....stay tuned]
4-17-2018 Newshound Guru G-Lin Article: "The Central determines the terms of the non-negotiable banknotes" I'm pretty sure this is what was addressed on the CBI site ... They are probably trying to draw in that mattress money.
4-17-2018 Newshound/Intel Guru Mnt Goat Article: "THESE LAWS COULD NOT BE PASSED BY THE COUNCIL AND REMAINED STUCK" Quote: "these laws could not be passed by the Council and remained stuck with the presidency because of the proliferation of political differences between the blocks." ...this is an old article, but it gives us an idea of the magnitude of what they still have to do and the push to get it done. We all know now in retrospect that it did not get done and is moved to the next session, which is NOT until after the elections in June. ...More evidence they are not going to RV until at least after the elections.
4-17-2018 Newshound Guru Kaperoni ...articles surfaced today confirming directly after the elections they plan on opening the banking system.
4-17-2018 Newshound Guru MilitiaMan Notice the theme of late is about instructions... As in this is how you pay people with allocations of %'s and we/they (CBI) showed everyone how to collect old money and replace with new notes that will be circulating, the new system of electronic payments, etc.. Oh the new deal between us (Bagdad) and them (Erbil) in regard to the Oil and Gas...
4-17-2018 Newshound Guru G-Lin Article quote: "The new issue of the Iraqi Gazette No. 4486 was issued. Law No. (3) for the year 2018 includes the First Amendment Law of the Anti-Terrorism Law No. (31) of 2016 and the Iraqi National Oil Company Law No. (4) of 2018." law of the Iraqi National Oil Company No. 4 of 2018. [Is that the HCL we all want or just another piece of the puzzle?] No it is not the HCL but it is quite detailed. It also addresses the 10% of proceeds to the citizens. I'm surprised it passed actually. There is a lot of disagreement in Parl...
4-17-2018 Intel Guru Frank26 In an Article - Alak, the governor of the CBI came out and said publicly, “We Are Ready”. As of today, campaigning for their election started...Elections are on May 12th. IMO Everything regarding the Monetary Reform has to be done way before the election. IMO This is the month for them to do this. IMO We are only waiting now for the CBI to release the rate. IMO If they remove the 3 Zero’s, the rate would be at least 1.2 dinars to the dollar. We are hearing that their ATM’s are loaded with New Lower Denomination Notes. IMO The ATM’s open for business and the rate change will happen more or less about the same time.
4-17-2018 Intel/Newshound Guru American Contractor It has been reported, that the Central Bank of Iraq (CBI) have closed the gap with the parallel market rate. Issues remain with the currency and the CBI is preparing to print even more currency shortly after the elections. As if they don't have enough already! Ramada begins May 15, 2018, so clearly nothing significant will happen during this time. [post 3 of 3]
4-17-2018 Intel/Newshound Guru American Contractor There are currently 26 days left in the Iraqi national elections. Over 1,000 candidates are campaigning for all the various political positions. Each and every one of my Iraqi contacts have stated that this election is their most crucial one for the future of Iraq. The Iranian government is trying to maintain their control of the Iraqi government. Clearly, Iran does not want to see the Iraqi government align themselves with the west. In my opinion, the Iraqi government has an unstable relationship with the west and a stronger relationship with Russia, Iran and China. [[post 2 of 3....stay tuned]
4-17-2018 Intel/Newshound Guru American Contractor Iraqi Security Forces (ISF) have recaptured all of the territory hold by the Islamic State (ISIS). However, in December of 2017, the Prime Minister Haider al- Abadi declared ISIS defeated. Unfortunately, large areas of northern and westen Iraq continue to lay in ruins from the extensive fighting. Since 2014, the lack of local governance, secure transportation, disruption in local services, and a decrease in international oil prices have severely impacted Iraq's economy. At the present time, the Iraqi's are shifting their attention towards recovery and the country's political future. The security conditions are improving and the Iraqi army is continuing onward with their counter-terrorism operations against the Islamic State. [post 1 of 3....stay tuned]
4-17-2018 Newshound Guru G-Lin Article: "The Central determines the terms of the non-negotiable banknotes" I'm pretty sure this is what was addressed on the CBI site ... They are probably trying to draw in that mattress money.
4-17-2018 Newshound/Intel Guru Mnt Goat Article: "THESE LAWS COULD NOT BE PASSED BY THE COUNCIL AND REMAINED STUCK" Quote: "these laws could not be passed by the Council and remained stuck with the presidency because of the proliferation of political differences between the blocks." ...this is an old article, but it gives us an idea of the magnitude of what they still have to do and the push to get it done. We all know now in retrospect that it did not get done and is moved to the next session, which is NOT until after the elections in June. ...More evidence they are not going to RV until at least after the elections.
4-17-2018 Newshound Guru Kaperoni ...articles surfaced today confirming directly after the elections they plan on opening the banking system.
4-17-2018 Newshound Guru MilitiaMan Notice the theme of late is about instructions... As in this is how you pay people with allocations of %'s and we/they (CBI) showed everyone how to collect old money and replace with new notes that will be circulating, the new system of electronic payments, etc.. Oh the new deal between us (Bagdad) and them (Erbil) in regard to the Oil and Gas...
4-16-2018 Intel Guru Frank26 Document: "To all banks: What are the instructions and criteria for circulation and replacement of banknotes and counting and sorting mechanisms" AFTER A LONG TALK WITH [GURU] WALKINGSTICK...WE BELIEVE STRONGLY...THEY ARE INCLUDING THE 1 / 10 / 25 / ETC AS WELL...THIS DOCUMENT IS ON ALL OF THEIR CURRENCY... THIS CBI DOCUMENT ENCOMPASSES ALL THE DINAR NOTE ... THE 3 000 NOTES LARGE NOTES AND THE LOWER DENOMS SMALL NOTES!!! [reference Guru Delta post 4-16-18]
4-16-2018 Intel Guru RayRen98 Right now the most exciting information we have is from our own banking community from last week. ...The banks are gearing up, getting ready, turning over a new leaf. Some members have been given dates of the 22nd, the 29th, or being completed by the end of the month. We have been hearing ‘by the end of the April’ and now some employees are being told ‘May 1’, and in Iraq some are saying they want to get the elections out of the way first. All we can do is to wait and plan, and be ready for whenever this pops. [post 2 of 2]
4-16-2018 Intel Guru RayRen98 ...everything was quiet over the weekend apart from talk about the election on Iraqi television. The conflict between Kurdistan and Bagdad has been resolved. Parliament is meeting tomorrow and we hope there is a quorum. The Governor of the CBI and the Iraqi Finance Minister say they are ready for the RV, but the timing is not ideal due to corruption. The CBI also put out a call last night asking citizens to turn in their damaged currency to replace it with the new pristine currency. That will not affect us. [post 1 of 2....stay tuned]
4-16-2018 Newshound Guru Kaperoni The truth is nothing can happen until two things are accomplished... The first one is very simple the IMF has rules and one of the rules for a peg currency is a 3 month waiting period of compliance...And the CBI has 60 days to go... ...the IMF instructions...clearly detail and outline the 2% spread and the waiting... ...The second appears to be waiting until after the elections.
4-16-2018 Newshound Guru Don961 "To all banks: What are the instructions and criteria for circulation and replacement of banknotes and counting and sorting" Quote: "Banks should open windows to replace damaged and damaged banknotes to the public and hand them over to this bank and its branches, And promoting the circulation of small denomination banknotes." ...The Big'un ... Getting the citz used to using those lower denominated notes ... Instead of the larger ones with 3 zeroes ... Weaning them off those ... Getting ready for some newer, smaller size note classifications ... That actually fit inside those new ATM machines ... Imo.
4-16-2018 Intel Guru Delta "To all banks: What are the instructions and criteria for circulation and replacement of banknotes and counting and sorting" Quote: “And promoting the circulation of small denomination banknotes. (9-5)” FYI ...SMALL NOTE IN CBI STATEMENT MEANS ...250,500 ...NOT THE NEW NOTE...YET...
4-16-2018 Newshound/Intel Guru Mnt Goat 3. Need Article 140 Referendum - they told us many times the importance of this referendum...It is more than likely also in the stack of laws awaiting now for the June session. 4. The UN and the USA stated that they needed the new Iraqi constitution “fully” implemented prior to them once again “fully” joining the global arena. ...We know that HCL is done but how about Article 140? 6. [5] Iranian influence – Iraq must neutralize this political influence somehow. 7. [6] Instability that normally comes during the election timeframe. Again I am telling everyone that if this RV target did not materialize into a reinstatement by the beginning of the election process we may as well forget about the RV for some time coming...So...watch the election saga now play out and only hope that they can re-elect PM Abadi since he will quickly form his government and they can move on. This is VERY likely. [post 2 of 2]
4-16-2018 Newshound/Intel Guru Mnt Goat Two days ago the election campaigning officially started in Iraq. So NO RV for some time going forward. So we are talking not until mid to late summer. ...So here are some issues that I believe could be holding up the reinstatement process: ...But I want to warn everyone not to think of this as a checklist. It does not work that way since more issues can arise... 1. Corruption in Currency Auctions – politicians have FAKE banks and companies within Iraq and are making billions from the CBI on the currency exchanging...these officials have influence in the govt and don’t want to give up their nice little schemes of how to fraudulently get billions out of the CBI thru these auctions. 2. Needed Amendments to the Investment Laws – Speaker Jubouri has told us many times there are a stack of laws needing immediate attention in the last session...So this is one issue that pushed the reinstatement out until after the elections since they could not get these done on time. [post 1 of 2....stay tuned]
4-16-2018 Intel/Newshound Guru sandyf Following the redenomination the amount of IQx in circulation would be back around the 20 billion mark and Iraq free to set the value as they saw fit. Just a remote possibility but again the big question, where would the funds come from. I also accept that certain "political" issues would be created but no scenario is without problems. The significant factor in this scenario is that initially it would have absolutely no effect on Iraq, all hinges on funds and an agreement with the international banks. [post 2 of 2]
4-16-2018 Intel/Newshound Guru sandyf Despite what some may think I don't believe that it is all doom and gloom and would like to believe that there is something in the background that would lead to a positive outcome, but not in the way that is being suggested. I try and avoid opinion and speculation but there is something that could be considered. ...I do not see any way a large "revaluation" could be implemented in a single move, something that I do agree with Kap [Guru Kaperoni]. If the required funds were to be available then it would be possible for IQD outside Iraq to be bought up without any Iraqi involvement. This would not be a revaluation or any other change in the IQD but effectively private trading. This would significantly reduce the amount of IQD in circulation and open the door to a redenomination in Iraq without any external pressure. [post 1 of 2....stay tuned]
4-16-2018 Intel Guru RayRen98 Right now the most exciting information we have is from our own banking community from last week. ...The banks are gearing up, getting ready, turning over a new leaf. Some members have been given dates of the 22nd, the 29th, or being completed by the end of the month. We have been hearing ‘by the end of the April’ and now some employees are being told ‘May 1’, and in Iraq some are saying they want to get the elections out of the way first. All we can do is to wait and plan, and be ready for whenever this pops. [post 2 of 2]
4-16-2018 Intel Guru RayRen98 ...everything was quiet over the weekend apart from talk about the election on Iraqi television. The conflict between Kurdistan and Bagdad has been resolved. Parliament is meeting tomorrow and we hope there is a quorum. The Governor of the CBI and the Iraqi Finance Minister say they are ready for the RV, but the timing is not ideal due to corruption. The CBI also put out a call last night asking citizens to turn in their damaged currency to replace it with the new pristine currency. That will not affect us. [post 1 of 2....stay tuned]
4-16-2018 Newshound Guru Kaperoni The truth is nothing can happen until two things are accomplished... The first one is very simple the IMF has rules and one of the rules for a peg currency is a 3 month waiting period of compliance...And the CBI has 60 days to go... ...the IMF instructions...clearly detail and outline the 2% spread and the waiting... ...The second appears to be waiting until after the elections.
4-16-2018 Newshound Guru Don961 "To all banks: What are the instructions and criteria for circulation and replacement of banknotes and counting and sorting" Quote: "Banks should open windows to replace damaged and damaged banknotes to the public and hand them over to this bank and its branches, And promoting the circulation of small denomination banknotes." ...The Big'un ... Getting the citz used to using those lower denominated notes ... Instead of the larger ones with 3 zeroes ... Weaning them off those ... Getting ready for some newer, smaller size note classifications ... That actually fit inside those new ATM machines ... Imo.
4-16-2018 Intel Guru Delta "To all banks: What are the instructions and criteria for circulation and replacement of banknotes and counting and sorting" Quote: “And promoting the circulation of small denomination banknotes. (9-5)” FYI ...SMALL NOTE IN CBI STATEMENT MEANS ...250,500 ...NOT THE NEW NOTE...YET...
4-16-2018 Newshound/Intel Guru Mnt Goat 3. Need Article 140 Referendum - they told us many times the importance of this referendum...It is more than likely also in the stack of laws awaiting now for the June session. 4. The UN and the USA stated that they needed the new Iraqi constitution “fully” implemented prior to them once again “fully” joining the global arena. ...We know that HCL is done but how about Article 140? 6. [5] Iranian influence – Iraq must neutralize this political influence somehow. 7. [6] Instability that normally comes during the election timeframe. Again I am telling everyone that if this RV target did not materialize into a reinstatement by the beginning of the election process we may as well forget about the RV for some time coming...So...watch the election saga now play out and only hope that they can re-elect PM Abadi since he will quickly form his government and they can move on. This is VERY likely. [post 2 of 2]
4-16-2018 Newshound/Intel Guru Mnt Goat Two days ago the election campaigning officially started in Iraq. So NO RV for some time going forward. So we are talking not until mid to late summer. ...So here are some issues that I believe could be holding up the reinstatement process: ...But I want to warn everyone not to think of this as a checklist. It does not work that way since more issues can arise... 1. Corruption in Currency Auctions – politicians have FAKE banks and companies within Iraq and are making billions from the CBI on the currency exchanging...these officials have influence in the govt and don’t want to give up their nice little schemes of how to fraudulently get billions out of the CBI thru these auctions. 2. Needed Amendments to the Investment Laws – Speaker Jubouri has told us many times there are a stack of laws needing immediate attention in the last session...So this is one issue that pushed the reinstatement out until after the elections since they could not get these done on time. [post 1 of 2....stay tuned]
4-16-2018 Intel/Newshound Guru sandyf Following the redenomination the amount of IQx in circulation would be back around the 20 billion mark and Iraq free to set the value as they saw fit. Just a remote possibility but again the big question, where would the funds come from. I also accept that certain "political" issues would be created but no scenario is without problems. The significant factor in this scenario is that initially it would have absolutely no effect on Iraq, all hinges on funds and an agreement with the international banks. [post 2 of 2]
4-16-2018 Intel/Newshound Guru sandyf Despite what some may think I don't believe that it is all doom and gloom and would like to believe that there is something in the background that would lead to a positive outcome, but not in the way that is being suggested. I try and avoid opinion and speculation but there is something that could be considered. ...I do not see any way a large "revaluation" could be implemented in a single move, something that I do agree with Kap [Guru Kaperoni]. If the required funds were to be available then it would be possible for IQD outside Iraq to be bought up without any Iraqi involvement. This would not be a revaluation or any other change in the IQD but effectively private trading. This would significantly reduce the amount of IQD in circulation and open the door to a redenomination in Iraq without any external pressure. [post 1 of 2....stay tuned]
4-15-2018 Intel Guru Frank26 Article: "Rafidain launches a new batch of staff of the directorates Baghdad education" Quote "Rafidain Bank announced the launch of a new payment of the advance of five million dinars for the staff of the Directorate of Education Rusafa I and the second and the first Karkh." SO MANY "LAUNCH" ARTICLES!!! SO MANY ARTICLES TODAY OF DINARS IN MILLIONS!!!
4-15-2018 Newshound Guru Kaperoni Once the CBI reaches the 90-day window of compliance, it'll be interesting how long they wait to write the letter for Article VIII. Some countries are very fearful of the transition.
4-15-2018 Newshound Guru MilitiaMan Now based on that and if I read the above correctly [reference Guru Frank26 post 4-15-2018] those qualified by the CBI to handle the Atm's with the new Lower Denom software were "told to be on stand by for a 24 hr period to activate their ATMs" would have been part of the discussion in the Fiduciary preparations on Thursday, thus, everyone was and is fully aware of their responsibilities now for what is about to happen. Also if I read that right the 24 hour notice is past tense so the time frame has already possibly started? imo "YEP"... [post 2 of 2]
4-15-2018 Newshound Guru MilitiaMan If the IMF rates are anything like the UN's Opp rates imo that would suggest that last Thursday being a Holiday taken by Iraq, happened to be the 12th which from my recollection would be the day to report the rate in advance to the UN for publication on the 15th and or in this case the IMF possibly the same way. That same day they (CBI/IMF) apparently reconciled the Fiduciary Preparations for the 2018 budget. They had to have proof (the numbers, calculations, currency) and from what I know about fiduciary responsibilities, it is not taken lightly and would be an applicable matter for reporting. Just like the UN site suggests "when applicable" rates can change... I suspect all we have known about and studied and the expected outcome of it, puts Iraq into the applicable column for at least the UN. [post 1 of 2...stay tuned]
4-15-2018 Intel Guru Frank26 [With all the recent military action in Syria involving the U.S. and the Trump administration do you think all of this will have any negative effect on the timing of the RI?] YES...IN A POSITIVE MANNER...IMO. A 3 DAY WEEKEND; SQUIRREL [ ...taking attention away from the main event. so, while the whole world is looking at the squirrel...] ...SYRIA; IMF OP RATES 15TH IN THIS 3 DAY HOLIDAY; AMF MEETINGS BACK TO BACK; ELECTION CAMPAIGN STARTS; COMPANIES AND FIRMS IN IRAQ...QUALIFIED BY THE CBI TOLD TO BE ON STAND BY FOR A 24 HR PERIOD TO ACTIVATE THEIR ATMS THAT HAVE LD SOFTWARE; THE GOVERNOR OF THE CBI ALACK TELLS MEDIA AND AMF... 'WE ARE READY". YES...IN A POSITIVE MANNER...IMO.
4-15-2018 Newshound Guru Kaperoni Once the CBI reaches the 90-day window of compliance, it'll be interesting how long they wait to write the letter for Article VIII. Some countries are very fearful of the transition.
4-15-2018 Newshound Guru MilitiaMan Now based on that and if I read the above correctly [reference Guru Frank26 post 4-15-2018] those qualified by the CBI to handle the Atm's with the new Lower Denom software were "told to be on stand by for a 24 hr period to activate their ATMs" would have been part of the discussion in the Fiduciary preparations on Thursday, thus, everyone was and is fully aware of their responsibilities now for what is about to happen. Also if I read that right the 24 hour notice is past tense so the time frame has already possibly started? imo "YEP"... [post 2 of 2]
4-15-2018 Newshound Guru MilitiaMan If the IMF rates are anything like the UN's Opp rates imo that would suggest that last Thursday being a Holiday taken by Iraq, happened to be the 12th which from my recollection would be the day to report the rate in advance to the UN for publication on the 15th and or in this case the IMF possibly the same way. That same day they (CBI/IMF) apparently reconciled the Fiduciary Preparations for the 2018 budget. They had to have proof (the numbers, calculations, currency) and from what I know about fiduciary responsibilities, it is not taken lightly and would be an applicable matter for reporting. Just like the UN site suggests "when applicable" rates can change... I suspect all we have known about and studied and the expected outcome of it, puts Iraq into the applicable column for at least the UN. [post 1 of 2...stay tuned]
4-15-2018 Intel Guru Frank26 [With all the recent military action in Syria involving the U.S. and the Trump administration do you think all of this will have any negative effect on the timing of the RI?] YES...IN A POSITIVE MANNER...IMO. A 3 DAY WEEKEND; SQUIRREL [ ...taking attention away from the main event. so, while the whole world is looking at the squirrel...] ...SYRIA; IMF OP RATES 15TH IN THIS 3 DAY HOLIDAY; AMF MEETINGS BACK TO BACK; ELECTION CAMPAIGN STARTS; COMPANIES AND FIRMS IN IRAQ...QUALIFIED BY THE CBI TOLD TO BE ON STAND BY FOR A 24 HR PERIOD TO ACTIVATE THEIR ATMS THAT HAVE LD SOFTWARE; THE GOVERNOR OF THE CBI ALACK TELLS MEDIA AND AMF... 'WE ARE READY". YES...IN A POSITIVE MANNER...IMO.
4-14-2018 Intel/Newshound Guru sandyf The sanctions were introduced to stop Iraq trading and earning the money they needed. Under normal circumstances the value of a currency is related to the amount in circulation. Kuwait has currently just over 40 billion in circulation and Iraq has around 45 trillion, yet people seem to think they should have a comparable value.
4-14-2018 Newshound Guru Kaperoni The spread between the official rate and market rate continues to be within the 2% compliance required by the IMF. My IMF countdown clock shows where 61 days for meeting the 90-day requirement. I am hopeful within a short period after meeting the 90-day requirement at the CBI will write the letter asking for. Iraq has too much on the line to wait much longer. They need investment, they need to float the currency to begin to raise it, they need to end the auctions.
4-14-2018 Newshound Guru G-Lin ...It seems to me that Iraq had a strong dose of reality during the Kuwait conference. The international community gave them a wakeup call. No investing in your country until you get your act together. Seems there have been changes ever since that conference. It was a real embarrassment to Iraq. They might have told them to put some confidence into your currency. That's the backbone of a countrie's resources. I don't think Iraq will do it for the poor people they never have, but they will change for the investors. It is all about the money.
4-14-2018 Newshound/Intel Guru Mnt Goat ...So now what is the MANIPULATION and FRAUD do you think the CBI is referencing? ...the CBI still feels they do not have the level of control over the banking system that is necessary to “pull the trigger”. I am not saying they haven’t completed the banking reforms. ...We are talking about the implementation of these reforms. On top of all this they also feel that the election cycle is a highly risky time period to be doing the reinstatement unless these issues are corrected first...So at this moment we should NOT be waiting on the RV but instead more news from the CBI on more details of this MANIPULATION and FRAUD and how they are dealing with it... [post 2 of 2]
4-14-2018 Newshound/Intel Guru Mnt Goat ...So for the CBI to RV, there are issues that need to be resolved ...these issues are long standing and the GOI has been trying to resolve them all along. Yes, I do believe the part of the “project to delete the zeros” is completed because they told us it was. But this does not automatically tell us the RV is imminent. They even told us there are still issues they need to work on and that these issues are unrelated to the project to delete the zeros...So they came out recently and gave us an update last week. ...they go on to say in the article just where they are today in the “project to delete the zeros” Quote: “THE GOVERNOR OF THE CENTRAL BANK, ALI AL-ALAQ..."THE SUBJECT OF DELETING ZEROS FROM THE CURRENCY IS READY, BUT IT NEEDS AN ENVIRONMENT SUITABLE TO APPLY," NOTING THAT " TO PREVENT MANIPULATION AND FRAUD..." ...this article just came out on April 4th so give them time to resolve what issues they need to resolve to prevent this manipulation and fraud they make reference to. [post 1 of 2....stay tuned]
4-14-2018 Newshound Guru Kaperoni A lot of people still tussel with the fact that the CBI could re- denominate. That makes little sense especially when they're working so hard to manage monetary policy, reduce the spread etc. There is no intention to introduce a new currency, the currency of Iraq is the IQD...Yes the CBI does plan to introduce lower denominations but this will occur over time as the currency appreciates gradually.
4-14-2018 Newshound Guru G-Lin Article: "The central bank goes beyond the red lines " Quote: "...the target set by the Central Bank is to reach the exchange rate of 1200 dinars per dollar has already been achieved, which will be reflected on the decline in demand for the dollar in the window selling the currency and the parallel market in addition to the rise in oil prices..." I've been wondering when they would bring up that targeted price of 1200 dinars again. I thought at the time, why have they targeted that price? It could be time for a change. Maybe float, move the decimal point over. We don't know and we are not suppose to know. But they seem to be compliant and very stable even with all the b.s. going on inside Iraq and outside as well. Nothing seems to be negatively affecting the C.B.I.'s plans for the currency. Very encouraging art.
4-14-2018 Newshound Guru Kaperoni The spread between the official rate and market rate continues to be within the 2% compliance required by the IMF. My IMF countdown clock shows where 61 days for meeting the 90-day requirement. I am hopeful within a short period after meeting the 90-day requirement at the CBI will write the letter asking for. Iraq has too much on the line to wait much longer. They need investment, they need to float the currency to begin to raise it, they need to end the auctions.
4-14-2018 Newshound Guru G-Lin ...It seems to me that Iraq had a strong dose of reality during the Kuwait conference. The international community gave them a wakeup call. No investing in your country until you get your act together. Seems there have been changes ever since that conference. It was a real embarrassment to Iraq. They might have told them to put some confidence into your currency. That's the backbone of a countrie's resources. I don't think Iraq will do it for the poor people they never have, but they will change for the investors. It is all about the money.
4-14-2018 Newshound/Intel Guru Mnt Goat ...So now what is the MANIPULATION and FRAUD do you think the CBI is referencing? ...the CBI still feels they do not have the level of control over the banking system that is necessary to “pull the trigger”. I am not saying they haven’t completed the banking reforms. ...We are talking about the implementation of these reforms. On top of all this they also feel that the election cycle is a highly risky time period to be doing the reinstatement unless these issues are corrected first...So at this moment we should NOT be waiting on the RV but instead more news from the CBI on more details of this MANIPULATION and FRAUD and how they are dealing with it... [post 2 of 2]
4-14-2018 Newshound/Intel Guru Mnt Goat ...So for the CBI to RV, there are issues that need to be resolved ...these issues are long standing and the GOI has been trying to resolve them all along. Yes, I do believe the part of the “project to delete the zeros” is completed because they told us it was. But this does not automatically tell us the RV is imminent. They even told us there are still issues they need to work on and that these issues are unrelated to the project to delete the zeros...So they came out recently and gave us an update last week. ...they go on to say in the article just where they are today in the “project to delete the zeros” Quote: “THE GOVERNOR OF THE CENTRAL BANK, ALI AL-ALAQ..."THE SUBJECT OF DELETING ZEROS FROM THE CURRENCY IS READY, BUT IT NEEDS AN ENVIRONMENT SUITABLE TO APPLY," NOTING THAT " TO PREVENT MANIPULATION AND FRAUD..." ...this article just came out on April 4th so give them time to resolve what issues they need to resolve to prevent this manipulation and fraud they make reference to. [post 1 of 2....stay tuned]
4-14-2018 Newshound Guru Kaperoni A lot of people still tussel with the fact that the CBI could re- denominate. That makes little sense especially when they're working so hard to manage monetary policy, reduce the spread etc. There is no intention to introduce a new currency, the currency of Iraq is the IQD...Yes the CBI does plan to introduce lower denominations but this will occur over time as the currency appreciates gradually.
4-14-2018 Newshound Guru G-Lin Article: "The central bank goes beyond the red lines " Quote: "...the target set by the Central Bank is to reach the exchange rate of 1200 dinars per dollar has already been achieved, which will be reflected on the decline in demand for the dollar in the window selling the currency and the parallel market in addition to the rise in oil prices..." I've been wondering when they would bring up that targeted price of 1200 dinars again. I thought at the time, why have they targeted that price? It could be time for a change. Maybe float, move the decimal point over. We don't know and we are not suppose to know. But they seem to be compliant and very stable even with all the b.s. going on inside Iraq and outside as well. Nothing seems to be negatively affecting the C.B.I.'s plans for the currency. Very encouraging art.
4-13-2018 Intel Guru RayRen98 We’ve had a rash of bank stories coming in...Most of them have the banking community saying this will happen by the end of the month. These stories are from people who went to the bank and spoke directly to the branch managers, first or second hand. Here is the latest one: “My husband is on the phone with a friend that went to [the bank] here in New York to buy dong. The manager there stated that they do not handle the currency at that specific branch but that it could be purchased at several of their other branches. Then the manager told her that something really big was going to happen on the 29th of April regarding currency. The bank manager told her he could not tell her any more than that but it was really big!”
4-13-2018 Intel/Newshound Guru sandyf A currency redenomination was approved by the Iraqi cabinet back in 2007 but the CBI has continually postponed the move. One thing that should be borne in mind, there can never be an overnight RD and nor can it be in secret. It is a complex process that requires a lot of planning and the involvement of external entities. If it is going to happen there will be plenty of warning. [post 3 of 3]
4-13-2018 Intel/Newshound Guru sandyf There has never been a redenomination where such a large percentage of the currency in circulation has been outside the country, estimates are around two thirds, so whether that would constitute special circumstances and lead to special arrangements is anyones guess. It is a tricky one for the banks, the old currency, IQD, will no longer have a quoted value, 1000 of the old currency would be exchangeable for 1 of the new currency, and it is the new currency that has the quoted value. [post 2 of 3....stay tuned]
4-13-2018 Intel/Newshound Guru sandyf [Since the CBI is saying that the current notes will co-exist does that then indicate against a redenomination?] ...It is a perfectly valid question and you are quite right that under normal circumstances they would only co-exist within the country concerned. Dual pricing would come into effect and all goods would be priced in both currencies. It would be normal practice to refer to the new currency as "new" and then a couple of years down the road, drop the term "new". If a redenomination were to go ahead as normal then it would be a write off as far as I am concerned. I would not consider going to Iraq and the cost of sending it in any "dealer deal" would probably be more than I would get for it. There is one factor however that may produce a lifeline... [post 1 of 3....stay tuned]
4-13-2018 Newshound Guru Kaperoni We're monitoring the IMF on a daily basis for any indication that the CBI plans on writing the letter to transition to Article VIII but we don't expect anything until at least mid June.
4-13-2018 Intel Guru Bruce What I am getting is really amazing because where we are right now is interesting. We got people that are under gag orders. ...we were looking for this to occur this week... it just didn’t happen yet. ...We do know the ATM machines are loaded with and ready to go with the lower denominations, but it does no good to have them unless you have the new rate to be effective and be useful. We are waiting for those ATMs to be turned on. ...We are looking at the possibility of getting started anytime I heard...Saturday till Monday possibly into Tuesday. I am not hearing anything beyond that personally... I feel we are at a great place in terms of everything having been done, everything ready for us.
4-13-2018 Intel/Newshound Guru sandyf How do you enter the world currency market with a managed float? - Iraq has been on the world currency market for years. Some seem to think that forex revolves around trading currency pairs. It will be up to forex brokers if the IQD ever appears in low level trading.
4-13-2018 Newshound/Intel Guru BGG Article: "Maliki has $ 3 billion in his account in Central Bank" Quote: "A document circulating on social media indicates that the former Iraqi premier Nouri Al-Maliki has assets up to $ 3 billion." Sounds like it’s about time to actually implement their “Where did you get this? Policy”...starting with Maliki. Which – BTW, doesn’t sound good for him if they are publishing news and articles about his ill-gotten gains and ties to foreign actors right before the elections – and in the middle of the GOI actively hunting around for funds. Not good at all (for him).
4-13-2018 Intel/Newshound Guru sandyf A currency redenomination was approved by the Iraqi cabinet back in 2007 but the CBI has continually postponed the move. One thing that should be borne in mind, there can never be an overnight RD and nor can it be in secret. It is a complex process that requires a lot of planning and the involvement of external entities. If it is going to happen there will be plenty of warning. [post 3 of 3]
4-13-2018 Intel/Newshound Guru sandyf There has never been a redenomination where such a large percentage of the currency in circulation has been outside the country, estimates are around two thirds, so whether that would constitute special circumstances and lead to special arrangements is anyones guess. It is a tricky one for the banks, the old currency, IQD, will no longer have a quoted value, 1000 of the old currency would be exchangeable for 1 of the new currency, and it is the new currency that has the quoted value. [post 2 of 3....stay tuned]
4-13-2018 Intel/Newshound Guru sandyf [Since the CBI is saying that the current notes will co-exist does that then indicate against a redenomination?] ...It is a perfectly valid question and you are quite right that under normal circumstances they would only co-exist within the country concerned. Dual pricing would come into effect and all goods would be priced in both currencies. It would be normal practice to refer to the new currency as "new" and then a couple of years down the road, drop the term "new". If a redenomination were to go ahead as normal then it would be a write off as far as I am concerned. I would not consider going to Iraq and the cost of sending it in any "dealer deal" would probably be more than I would get for it. There is one factor however that may produce a lifeline... [post 1 of 3....stay tuned]
4-13-2018 Newshound Guru Kaperoni We're monitoring the IMF on a daily basis for any indication that the CBI plans on writing the letter to transition to Article VIII but we don't expect anything until at least mid June.
4-13-2018 Intel Guru Bruce What I am getting is really amazing because where we are right now is interesting. We got people that are under gag orders. ...we were looking for this to occur this week... it just didn’t happen yet. ...We do know the ATM machines are loaded with and ready to go with the lower denominations, but it does no good to have them unless you have the new rate to be effective and be useful. We are waiting for those ATMs to be turned on. ...We are looking at the possibility of getting started anytime I heard...Saturday till Monday possibly into Tuesday. I am not hearing anything beyond that personally... I feel we are at a great place in terms of everything having been done, everything ready for us.
4-13-2018 Intel/Newshound Guru sandyf How do you enter the world currency market with a managed float? - Iraq has been on the world currency market for years. Some seem to think that forex revolves around trading currency pairs. It will be up to forex brokers if the IQD ever appears in low level trading.
4-13-2018 Newshound/Intel Guru BGG Article: "Maliki has $ 3 billion in his account in Central Bank" Quote: "A document circulating on social media indicates that the former Iraqi premier Nouri Al-Maliki has assets up to $ 3 billion." Sounds like it’s about time to actually implement their “Where did you get this? Policy”...starting with Maliki. Which – BTW, doesn’t sound good for him if they are publishing news and articles about his ill-gotten gains and ties to foreign actors right before the elections – and in the middle of the GOI actively hunting around for funds. Not good at all (for him).
4-12-2018 Newshound Guru Kaperoni You cannot take the auctions away until the CBI is in Article VIII... Once in Article VIII and the CBI is floating the dinar they will continue to make revenue via commissions...
4-12-2018 Newshound/Intel Guru Mnt Goat ...Remember when the CBI and the GOI finance committee both told us that 2018 is the year of transition to the “new Iraq”. Then the CBI starts flashing the old $1 dinar notes from the mid 1940’s and in the same breath tells the currency will move to its former glory. ...in mid 1940’s that value was stable at 1 dinar to $4.86 USD. What glory do you think the CBI meant? hint..hint...maybe of the mid 1940’s...Maybe this is the ultimate goal to which they want to reach?
4-12-2018 Intel/Newshound Guru tman23 ...I think there is a plan for Iraq and to manipulate it's currency to pay a portion of debt for setting them free...AND the original speculation remains the same...HOW WILL 3 ZERO NOTEs BE ACCOUNTED FOR AT TIME OF EXCHANGE...JUST BE SURE THEY WILL NEVER EVER NEVER FLOAT 3 ZERO NOTES...I'm leaning on a rdenomination and hope our 3 zeros get included in the accounting at exchange...
4-12-2018 Newshound/Intel Guru Mnt Goat ...Iraq has told us they fully intend to go full speed ahead on the 2018-2020 Development and Reconstruction plan after the elections are over, so we can see they want to get these laws passed now since the elections are just 4+ weeks away. An economists also recently told us, based on his knowledge, that more than likely the CBI and GOI will hold off the “project to delete the zeros” (which we know leads to the reinstatement of the dinar) until after the elections. ...my analysis tells me they intend to hold off on the reinstatement until AFTER the election cycle. This usually also means setting up the government. If Haider Abadi get back in (and he most likely will) this election process may not take too long and we might even see a late May early June RV timeframe coming up...I know now only after the fact, that the CBI did really intend to get the reinstatement completed prior to the election period...Now they intend to wait until after the election cycle. [post 2 of 2]
4-12-2018 Newshound/Intel Guru Mnt Goat ...where do we stand now in this RV Saga? So now all the news is around the 2018-2020 Development and Reconstruction plans either directly or indirectly. We see House Speaker Jubouri still trying to get the needed laws passed in parliament. These are laws needed for the election process but most importantly some of them are the amendments to the Investment Laws. These laws are needed to assist potential investors coming into Iraq. We have recently heard that many investors are threatening to pull their support of the plan if these laws are not in place to protect them. Many of these laws also will support the 2018-2020 Development and Reconstruction plan, as so Iraq wants to “hit the ground running” post elections. ...I have been told that this success of this plan is predicated on the reinstatement of their currency. When will this happen then?... [post 1 of 2....stay tuned]
4-12-2018 Intel Guru RayRen98 The rates continue to fluctuate, usually by pennies. Dong is still 47 cents... dinar = $3.67 to $3.71...Those are the rates that have been told to us, that bankers are seeing on the screen.
4-12-2018 Newshound Guru Kaperoni In reference to Dr. Shabibi he is not the author of any such currency reform and has since been retired living in Europe. The author of the event is a combination of multiple economists including Dr. Bakri whom I interviewed a few years ago and have a relationship with...I did a very detailed interview with Dr. Bakri who in fact is in the know and was involved in crafting the currency reform... There is no RV or RI or reinstatement...that is not how monetary policy works and that is not the case in Iraq. Iraq could never or would never do such a thing because it's just not possible. There remains over 60 trillion dinar in circulation that must be gradually reduced. The IMF is also clearly documented the process that includes moving to a more liberal exchange regime which would allow the dinar to gradually rise over time. This gradual rise would offset inflationary pressure created as a result of an influx of capital from various investors around the world.
4-12-2018 Intel Guru Frank26 [If Dr S (Shabibi) is back in the picture he always wanted a holiday weekend, well I believe we have one this weekend...] HENCE WHY (GURU) DELTA TOLD YOU ABOUT THURSDAY'S HOLIDAY... YES ...DR S LIKES 3 DAY WEEKENDS.
4-12-2018 Newshound Guru Walkingstick Some firms in Iraq given permission within 24 hours of when ATM machines will be turned on. Certain firms will be notified, then later all firms. You can't get any closer than we are now.
4-12-2018 Intel Guru ADMINBILL We will be waiting for weekend confirmations through this month, next month, and all the months until the end of the year. There will be an election in Iraq, and then holidays, and then more laws, and so on and so on. It goes on and on, without end. For Iraq to revalue to $3.22 they would need many trillions of U.S. dollars in their Treasury. Never happen. Again, I see a redenomination, not a revaluation...
4-12-2018 Newshound/Intel Guru Mnt Goat ...Remember when the CBI and the GOI finance committee both told us that 2018 is the year of transition to the “new Iraq”. Then the CBI starts flashing the old $1 dinar notes from the mid 1940’s and in the same breath tells the currency will move to its former glory. ...in mid 1940’s that value was stable at 1 dinar to $4.86 USD. What glory do you think the CBI meant? hint..hint...maybe of the mid 1940’s...Maybe this is the ultimate goal to which they want to reach?
4-12-2018 Intel/Newshound Guru tman23 ...I think there is a plan for Iraq and to manipulate it's currency to pay a portion of debt for setting them free...AND the original speculation remains the same...HOW WILL 3 ZERO NOTEs BE ACCOUNTED FOR AT TIME OF EXCHANGE...JUST BE SURE THEY WILL NEVER EVER NEVER FLOAT 3 ZERO NOTES...I'm leaning on a rdenomination and hope our 3 zeros get included in the accounting at exchange...
4-12-2018 Newshound/Intel Guru Mnt Goat ...Iraq has told us they fully intend to go full speed ahead on the 2018-2020 Development and Reconstruction plan after the elections are over, so we can see they want to get these laws passed now since the elections are just 4+ weeks away. An economists also recently told us, based on his knowledge, that more than likely the CBI and GOI will hold off the “project to delete the zeros” (which we know leads to the reinstatement of the dinar) until after the elections. ...my analysis tells me they intend to hold off on the reinstatement until AFTER the election cycle. This usually also means setting up the government. If Haider Abadi get back in (and he most likely will) this election process may not take too long and we might even see a late May early June RV timeframe coming up...I know now only after the fact, that the CBI did really intend to get the reinstatement completed prior to the election period...Now they intend to wait until after the election cycle. [post 2 of 2]
4-12-2018 Newshound/Intel Guru Mnt Goat ...where do we stand now in this RV Saga? So now all the news is around the 2018-2020 Development and Reconstruction plans either directly or indirectly. We see House Speaker Jubouri still trying to get the needed laws passed in parliament. These are laws needed for the election process but most importantly some of them are the amendments to the Investment Laws. These laws are needed to assist potential investors coming into Iraq. We have recently heard that many investors are threatening to pull their support of the plan if these laws are not in place to protect them. Many of these laws also will support the 2018-2020 Development and Reconstruction plan, as so Iraq wants to “hit the ground running” post elections. ...I have been told that this success of this plan is predicated on the reinstatement of their currency. When will this happen then?... [post 1 of 2....stay tuned]
4-12-2018 Intel Guru RayRen98 The rates continue to fluctuate, usually by pennies. Dong is still 47 cents... dinar = $3.67 to $3.71...Those are the rates that have been told to us, that bankers are seeing on the screen.
4-12-2018 Newshound Guru Kaperoni In reference to Dr. Shabibi he is not the author of any such currency reform and has since been retired living in Europe. The author of the event is a combination of multiple economists including Dr. Bakri whom I interviewed a few years ago and have a relationship with...I did a very detailed interview with Dr. Bakri who in fact is in the know and was involved in crafting the currency reform... There is no RV or RI or reinstatement...that is not how monetary policy works and that is not the case in Iraq. Iraq could never or would never do such a thing because it's just not possible. There remains over 60 trillion dinar in circulation that must be gradually reduced. The IMF is also clearly documented the process that includes moving to a more liberal exchange regime which would allow the dinar to gradually rise over time. This gradual rise would offset inflationary pressure created as a result of an influx of capital from various investors around the world.
4-12-2018 Intel Guru Frank26 [If Dr S (Shabibi) is back in the picture he always wanted a holiday weekend, well I believe we have one this weekend...] HENCE WHY (GURU) DELTA TOLD YOU ABOUT THURSDAY'S HOLIDAY... YES ...DR S LIKES 3 DAY WEEKENDS.
4-12-2018 Newshound Guru Walkingstick Some firms in Iraq given permission within 24 hours of when ATM machines will be turned on. Certain firms will be notified, then later all firms. You can't get any closer than we are now.
4-12-2018 Intel Guru ADMINBILL We will be waiting for weekend confirmations through this month, next month, and all the months until the end of the year. There will be an election in Iraq, and then holidays, and then more laws, and so on and so on. It goes on and on, without end. For Iraq to revalue to $3.22 they would need many trillions of U.S. dollars in their Treasury. Never happen. Again, I see a redenomination, not a revaluation...
4-11-2018 Intel Guru Delta It was supposed to happen in first quarter. Feel like we are in limbo. How stupid! Over 3000 contracts on sidelines, waiting to come into Iraq. Trump knows number of US citizens who hold Dinars. Article 8 can be retroactive...IMF approves. Iraq has to lift 3 zeros in order to be International. They can't trade on Forex without a rate change. It’s a matter of days, days, hours, minutes...Thursday is official holiday + Friday/Saturday. Getting closer & closer.
4-11-2018 Newshound Guru Walkingstick Articles: "URGENT Cabinet launches cash subsidies to citizens" "Council of Ministers Launches Conditional Cash Benefits for Citizens" Coming soon: Launch .... (big smile)
4-11-2018 Intel Guru Bruce We thought that we would be in position for this and we heard talking about overnight and this morning. What happened was we had a stoppage...We identified who it was. That is not important. The main thing is that they corrected that. Now we have what we believe to be is clear sailing. ...I am hearing a lot of very good things about our timing and position. It is just hard to give you all of that particular information. So I am going to say that we should all be prepared... I am feeling this is the week...There is not a whole lot else I can tell you except we are very close. Let’s see what happens.
4-11-2018 Newshound Guru Kaperoni The recent article from the WTO is motivational for Iraq but until they have exports and reduce dependence on oil they will not get full of accession.
4-11-2018 Intel Guru Frank26 ...The citizens know they are about to add power to the currency... Alak admits: "We are 2% compliant." Tells you about to shut auctions, revalue currency..."2% compliance" means auctions about to stop and the RI will happen...The lava flow has stopped! I've waited 9.5 years to say that! Dr. Shabibi is the author of the Monetary Reform. Alak is following orders from his boss, Dr. Shabibi. Lower denom's, E-Dinars, Key cards, MasterCard International, banks around the world ready? Yes! Guess we are ready to re-instate. There is nothing else to say. We are at the doorstep...Dr. Shabbi, "We are about to change the exchange rate..." There is nothing left to talk about. The CBI has no choice, they have to make their move. Article: "Council of Baghdad allocates 85 billion Dinars..." Seeing it in billions, not trillions...They are just waiting for the right time to pull the trigger...ALL WE ARE DOING IS WAITING....
4-11-2018 Newshound Guru Walkingstick Articles: "URGENT Cabinet launches cash subsidies to citizens" "Council of Ministers Launches Conditional Cash Benefits for Citizens" Coming soon: Launch .... (big smile)
4-11-2018 Intel Guru Bruce We thought that we would be in position for this and we heard talking about overnight and this morning. What happened was we had a stoppage...We identified who it was. That is not important. The main thing is that they corrected that. Now we have what we believe to be is clear sailing. ...I am hearing a lot of very good things about our timing and position. It is just hard to give you all of that particular information. So I am going to say that we should all be prepared... I am feeling this is the week...There is not a whole lot else I can tell you except we are very close. Let’s see what happens.
4-11-2018 Newshound Guru Kaperoni The recent article from the WTO is motivational for Iraq but until they have exports and reduce dependence on oil they will not get full of accession.
4-11-2018 Intel Guru Frank26 ...The citizens know they are about to add power to the currency... Alak admits: "We are 2% compliant." Tells you about to shut auctions, revalue currency..."2% compliance" means auctions about to stop and the RI will happen...The lava flow has stopped! I've waited 9.5 years to say that! Dr. Shabibi is the author of the Monetary Reform. Alak is following orders from his boss, Dr. Shabibi. Lower denom's, E-Dinars, Key cards, MasterCard International, banks around the world ready? Yes! Guess we are ready to re-instate. There is nothing else to say. We are at the doorstep...Dr. Shabbi, "We are about to change the exchange rate..." There is nothing left to talk about. The CBI has no choice, they have to make their move. Article: "Council of Baghdad allocates 85 billion Dinars..." Seeing it in billions, not trillions...They are just waiting for the right time to pull the trigger...ALL WE ARE DOING IS WAITING....
4-10-2018 Newshound Guru Kaperoni Well when i started 10 years about I thought rv too! ...there is a reason they cant...The CBI...said they would join the world currency exchange...How without a float...the CBI will have to get off the peg...and float. ...the value is 1184 that is what it will start at...They will move to a float prior to opening the CBI Capital Account...In doing so, the CBI can raise the value as inflationary pressure is created from investment...we know they must float because global investment will cause inflation in Iraq and Iraq must have a plan to counter that...could it rise fast? sure...how fast? no idea. As the dinar appreciates in value the CBI will introduce smaller notes as needed. Same for the larger notes, they will disappear. ...From the CBI... "A source at the Central Bank of Iraq for four companies currently competing to win a draft print the new Iraqi dinar, which will generate graceful after deleting three zeros from him, while Samay central bank to raise the value of the dinar against the dollar gradually down to the day to start replacement where the value will be in the absence of a fluctuating one Iraqi dinars equivalent to U.S. dollars one."
4-10-2018 Newshound/Intel Guru Mnt Goat ...just a little over a week ago...the prime minster of Iraq Abadi came out and told the news media and I quote – “THE SUBJECT OF DELETING ZEROS FROM THE CURRENCY IS READY BUT NEEDS A SUITABLE ENVIRONMENT TO BE APPLIED TO PREVENT MANIPULATION AND FRAUD”. Then in a follow up article shortly after we heard and I quote from the article- “THE CENTRAL GOVERNMENT STANDS WITH THE CENTRAL BANK'S DRAFT TO DELETE THREE ZEROS OF THE CURRENCY, BECAUSE IT SEES IT "HURT THE EFFICIENCY OF THE SYSTEM OF CASH PAYMENTS," ACCORDING TO THE FINANCIAL ADVISER TO THE PRIME MINISTER" So now we know the CBI and GOI are on the same page. This is fantastic news. We need the GOI to support this action of the CBI. Just too bad they both support a postponement.
4-10-2018 Newshound Guru Kaperoni I went back a few weeks and recorded the spread based on the articles so we could get some sort of beginning timeline for the 2% compliance. This is what I found...2/28 1220, 3/10 1215, 3/14 1215, 3/14 1210, 3/15 1207, 3/15 1213, 3/18 1210, 3/18 1213, 3/20 1207. So to me, it looks like the CBI meet compliance around March 15.
4-10-2018 Intel Guru Frank26 IMO There is nothing left to study as far as the progression of the monetary reform. It was supposed to happen in first quarter. (Jan. 1- Mar. 31) IMO We are in limbo in April and there are elections approaching in May. IMO We are at the edge of cliff as far as the monetary reform is concerned. The governor of the CBI says to the Iraqi media that they are ready to lift the 3 zero’s. IMO.. We believe that some firms in Iraq have been given notice of preparation within 24 hours of when they are to turn on their ATM machines. IMO We just need to wait for it. [Guru] Walkingstick tells me that we can’t get any closer than we are right now. I believe that it is finished and this is the moment.
4-10-2018 Newshound Guru chattels Ramadan begins Wednesday, May 15, 2018 and ends Thursday, June 14, 2018.
4-10-2018 Intel Guru RayRen98 [You imply that Ray [Guru RayRen98] has access to the current/new rates…] Dinar = $3.71, dong = 47 cents, rupiah = $1.08, etc., same as before. [Last autumn you came out with 47 cents for the dong, and you said that was in-country.] I didn’t say that – I said 47 cents was the rate on the screen. I have no idea what the rate is in Vietnam. That 47 cents is or will be the rate here in the United States. That’s the RV rate.
4-10-2018 Newshound/Intel Guru Mnt Goat ...just a little over a week ago...the prime minster of Iraq Abadi came out and told the news media and I quote – “THE SUBJECT OF DELETING ZEROS FROM THE CURRENCY IS READY BUT NEEDS A SUITABLE ENVIRONMENT TO BE APPLIED TO PREVENT MANIPULATION AND FRAUD”. Then in a follow up article shortly after we heard and I quote from the article- “THE CENTRAL GOVERNMENT STANDS WITH THE CENTRAL BANK'S DRAFT TO DELETE THREE ZEROS OF THE CURRENCY, BECAUSE IT SEES IT "HURT THE EFFICIENCY OF THE SYSTEM OF CASH PAYMENTS," ACCORDING TO THE FINANCIAL ADVISER TO THE PRIME MINISTER" So now we know the CBI and GOI are on the same page. This is fantastic news. We need the GOI to support this action of the CBI. Just too bad they both support a postponement.
4-10-2018 Newshound Guru Kaperoni I went back a few weeks and recorded the spread based on the articles so we could get some sort of beginning timeline for the 2% compliance. This is what I found...2/28 1220, 3/10 1215, 3/14 1215, 3/14 1210, 3/15 1207, 3/15 1213, 3/18 1210, 3/18 1213, 3/20 1207. So to me, it looks like the CBI meet compliance around March 15.
4-10-2018 Intel Guru Frank26 IMO There is nothing left to study as far as the progression of the monetary reform. It was supposed to happen in first quarter. (Jan. 1- Mar. 31) IMO We are in limbo in April and there are elections approaching in May. IMO We are at the edge of cliff as far as the monetary reform is concerned. The governor of the CBI says to the Iraqi media that they are ready to lift the 3 zero’s. IMO.. We believe that some firms in Iraq have been given notice of preparation within 24 hours of when they are to turn on their ATM machines. IMO We just need to wait for it. [Guru] Walkingstick tells me that we can’t get any closer than we are right now. I believe that it is finished and this is the moment.
4-10-2018 Newshound Guru chattels Ramadan begins Wednesday, May 15, 2018 and ends Thursday, June 14, 2018.
4-10-2018 Intel Guru RayRen98 [You imply that Ray [Guru RayRen98] has access to the current/new rates…] Dinar = $3.71, dong = 47 cents, rupiah = $1.08, etc., same as before. [Last autumn you came out with 47 cents for the dong, and you said that was in-country.] I didn’t say that – I said 47 cents was the rate on the screen. I have no idea what the rate is in Vietnam. That 47 cents is or will be the rate here in the United States. That’s the RV rate.
4-9-2018 Newshound/Intel Guru Mnt Goat The Scheduled RV for Jan 2018 is postponed. This target extended from Jan 1st up until end March 31st. This was the window. Will we have to wait until next January then for another window for the RV? The good news is probably NOT. I do not say this because it is “my opinion” but rather I say this because this is what Iraq just told us...Until we hear differently this is where we stand. I quote from the 4/4 article - “Jamil Antoine predicted that THE PROJECT WOULD BE IMPLEMENTED AFTER THE LEGISLATIVE ELECTIONS SCHEDULED FOR NEXT MAY”. This is the RV Saga. The CBI must constantly adjust to get the correct timing of this RV event. [post 2 of 2]
4-9-2018 Newshound/Intel Guru Mnt Goat ...The news in Jan-March has been fantastic and, like all of you, I too am now disappointed we did not get the RV. But remember it was all predicated off a target date and if other events did not get done they simply cancel the RV and move to another target date...First of all I did not say the process was all complete. Instead it was the CBI and the GOI. Secondly the “process” we refer to is the “project to delete the zeros”. This is the process they are talking about. But this does not mean that there are not other issues or items they feel they need done in order to support the project to delete the zeros. ...So here is the latest situation... [post 1 of 2....stay tuned]
4-9-2018 Newshound Guru chattels The exchange rate of the dollar against the dinar stabilized for the third day in a row Sunday, 08 April 2018.
4-9-2018 Newshound Guru MilitiaMan Article: "Urgent policy .. White House: Trump is talking by telephone with Abadi, the situation of Syria" Lets look at this also. Abadi heads a meeting today to secure the Borders. That in part would have implications to currency flows in and out of country. There could be plenty of gang members looking to make some serious coin if at all possible by exploiting a weak border when the adjustment comes into full force. We now hear that the directive is for future re construction to begin in earnest. That in one part of the Country, of there 2018 Budget there is an allocation of 15% of 85 Billion Dinars. That was the shot the borders heard in that meeting, imo. The Zeros are lifted. They are talking billions of Dinars not Trillions. Thus, being 1:1 from the looks of it in print. Keep in mind that armament deals are not cheap...
4-9-2018 Newshound/Intel Guru Randy Koonce I want you to know that while this should have happened several years ago, the Dinar revaluation has been turned into a major political football. Everyone has wanted to use it to their own advantage, whether national or individual. There have been many events that should never have affected this event, but the influence has been there. While I am not at liberty to disclose the identity of my sources, I can assure you: they are people who do know what is going on, and have access to the influences that will be able to see this finished. I cannot and will not guarantee this will be done by April 20 - but there is good shot at it happening this time. ...We are close.. Every large bank will exchange... RELAX the RV is coming...Breathe...Check www.cbi.iq every day to see if it has changed... [post 2 of 2 NOTE: The CBI official dinar rate and market rate are listed on this page...see column to the left.]
4-9-2018 Newshound/Intel Guru Randy Koonce A quick update to all the citizens of Dinarland. This has been the ride of a lifetime, and certainly one none of us ever imagined. One of these days, they will actually quit moving the goal posts, and the 'dinarball' will actually make it to the other side, right down the middle. It looks like things are lining up - again. We have heard from several pretty reliable sources that another window has opened for Iraq to revalue their currency. This window should remain open from now, until the the 20th of April. As always, remember: This is Iraq. It is our sincerest hope that nothing new will come up - this time. [post 1 of 2....stay tuned]
4-9-2018 Newshound Guru chattels If 90 days of compliance is a condition precedent to article 8 or completion of the Iraqi Banking Sector Reform Project then we are looking at mid-June at the earliest. According to some compliance was effective mid-March...Compliance with the 2% variance between official rate and the parallel market rate that is. [is the 2 percent been verified as a condition?] According to [Guru] Kaperoni it is. How soon will Iraq have a new government seated is arguably a concern. My sense of it all is beginning 2019 at the earliest. We shall see, eh ?
4-9-2018 Newshound Guru Kaperoni ...if the dinar is undervalued as some economist have stated, and investors are waiting to come in as reported with these contracts then we should see some results soon. It's alot of "if's" but they have to begin somewhere and with the encouragement of the IMF, WB this should begin in a few months.
4-9-2018 Newshound/Intel Guru Mnt Goat ...The news in Jan-March has been fantastic and, like all of you, I too am now disappointed we did not get the RV. But remember it was all predicated off a target date and if other events did not get done they simply cancel the RV and move to another target date...First of all I did not say the process was all complete. Instead it was the CBI and the GOI. Secondly the “process” we refer to is the “project to delete the zeros”. This is the process they are talking about. But this does not mean that there are not other issues or items they feel they need done in order to support the project to delete the zeros. ...So here is the latest situation... [post 1 of 2....stay tuned]
4-9-2018 Newshound Guru chattels The exchange rate of the dollar against the dinar stabilized for the third day in a row Sunday, 08 April 2018.
4-9-2018 Newshound Guru MilitiaMan Article: "Urgent policy .. White House: Trump is talking by telephone with Abadi, the situation of Syria" Lets look at this also. Abadi heads a meeting today to secure the Borders. That in part would have implications to currency flows in and out of country. There could be plenty of gang members looking to make some serious coin if at all possible by exploiting a weak border when the adjustment comes into full force. We now hear that the directive is for future re construction to begin in earnest. That in one part of the Country, of there 2018 Budget there is an allocation of 15% of 85 Billion Dinars. That was the shot the borders heard in that meeting, imo. The Zeros are lifted. They are talking billions of Dinars not Trillions. Thus, being 1:1 from the looks of it in print. Keep in mind that armament deals are not cheap...
4-9-2018 Newshound/Intel Guru Randy Koonce I want you to know that while this should have happened several years ago, the Dinar revaluation has been turned into a major political football. Everyone has wanted to use it to their own advantage, whether national or individual. There have been many events that should never have affected this event, but the influence has been there. While I am not at liberty to disclose the identity of my sources, I can assure you: they are people who do know what is going on, and have access to the influences that will be able to see this finished. I cannot and will not guarantee this will be done by April 20 - but there is good shot at it happening this time. ...We are close.. Every large bank will exchange... RELAX the RV is coming...Breathe...Check www.cbi.iq every day to see if it has changed... [post 2 of 2 NOTE: The CBI official dinar rate and market rate are listed on this page...see column to the left.]
4-9-2018 Newshound/Intel Guru Randy Koonce A quick update to all the citizens of Dinarland. This has been the ride of a lifetime, and certainly one none of us ever imagined. One of these days, they will actually quit moving the goal posts, and the 'dinarball' will actually make it to the other side, right down the middle. It looks like things are lining up - again. We have heard from several pretty reliable sources that another window has opened for Iraq to revalue their currency. This window should remain open from now, until the the 20th of April. As always, remember: This is Iraq. It is our sincerest hope that nothing new will come up - this time. [post 1 of 2....stay tuned]
4-9-2018 Newshound Guru chattels If 90 days of compliance is a condition precedent to article 8 or completion of the Iraqi Banking Sector Reform Project then we are looking at mid-June at the earliest. According to some compliance was effective mid-March...Compliance with the 2% variance between official rate and the parallel market rate that is. [is the 2 percent been verified as a condition?] According to [Guru] Kaperoni it is. How soon will Iraq have a new government seated is arguably a concern. My sense of it all is beginning 2019 at the earliest. We shall see, eh ?
4-9-2018 Newshound Guru Kaperoni ...if the dinar is undervalued as some economist have stated, and investors are waiting to come in as reported with these contracts then we should see some results soon. It's alot of "if's" but they have to begin somewhere and with the encouragement of the IMF, WB this should begin in a few months.
4-8-2018 Newshound/Intel Guru Bluedog IRAQ IS STACKING UP SIGNED CONTRACTS FOR SURE AT WHAT RATE AND CONDITIONS CONTRACTS SIGNED MUST BE NOT PR RATE...INVESTORS WOULD HOLD OUT TO SEE WHATS GOING TO TRANSPIRE RIGHT!!!!! OR HAVE THEY KNOWN IN SIDE BARS IMO.
4-8-2018 Newshound Guru mike ...the truth is Abadi never had a fully seated cabinet...just like we had with Maliki. Political dysfunction. ...it's frustrating watching these folks. Pass the economic laws that allow for outside investors to own businesses without partnering with native Iraqi's. Stop passing laws that protect the ruling elite from corruption. Move to Article VIII. Have a fully seated and functioning government. The vague assurances of banking improvements don't move the needle for me anymore, my hopes are they can hold this spread for 90 days and Iraq begins the float. But without exports, the dinar will remain stagnant, there will be no demand for it. My fears are that once the election in May is over the spread will return, I hope I'm wrong. --Stay grounded...
4-8-2018 Newshound/Intel Guru Mnt Goat "PARLIAMENTARY SERVICES REVEAL THE WITHDRAWAL OF DONOR COUNTRIES AND COMPANIES AT THE "KUWAIT CONFERENCE" Quote: "Iraq has said it has demonstrated difficulty of achieving the impossible conditions set by the participating countries." ...oh man! They are taking too long implement this! ...It is close to 2 months already since the donor conference. Do they think these companies are going to just sit back and wait while they internally fight over this damn budget and investment laws? ...this...paragraph says it all – “while he warned of the slow government in the planning process and bureaucracy that will frustrate others and push them to withdraw”. Iraq must find a way to breakthrough this bureaucracy and stagnation in the parliament for passing the much needed legislation. Maybe this is part of the list of the laws Jubouri wanted to pass on 3/29 as part of the basket of laws. Now we see what he was trying to do and why.
4-8-2018 Newshound Guru Kaperoni Article: "Central Bank: Progress payments system leaders to control the flow of money" Seems very clear to me that if they can stay in compliance through the 90 days they will accept Article VIII. [Do you still think a June-August time period sounds right? From this article, it sure seems so...] ...many things must go right but I am hopeful Article VIII will occur this summer and investment will flow into Iraq to begin the process we need which will allow the CBI to float the dinar and delete the zeros.
4-8-2018 Newshound/Intel Guru BGG First, who is this announcement by the CBI for? Does this affect the everyday people in Iraq? If it did, it would be to the tune of few dinars per transaction… so no, it doesn’t affect them much. Then who is the CBI talking to? I see this as a public declaration by the GOI and CBI to the IMF and others they intend to play ball. Secondly, they have to do this before they will be fully accepted by the world exchange markets. It appears they intend to get there quickly. Why? The answer to this whole commentary is simple… BECAUSE THEY WANT TO. They simply lacked the right level of desire before. It seems like they have it now. Going back to what are they doing to affect this change? Dealing with their corruption. That’s it. Do I care what they do or how they do it? I do not. The end result will be the same. I am happy we are seeing real results... [post 3 of 3]
4-8-2018 Newshound/Intel Guru BGG On the other hand, the IMF, UN, WB and others have been content to shrug their shoulders and leave Iraq at the same value and in the same (financial) condition she has been in for decades. If they don’t want to play ball – no reason to let them back in until they can show some financial accountability. All of this begs the question – “What does the IMF, UN and WB have to do with the value of Iraq’s currency”? Iraq can declare whatever number they dream up, much like Saddam did. If no one will accept it, buys it or agrees to hold it – what does it matter what the number is? Fast forward to today… we watch this AMAZING closing of the “Market rate” and “Official rate” gap in Iraq… It hasn’t EVER happened. Why now? [post 2 of 3....stay tuned]
4-8-2018 Newshound/Intel Guru BGG Article: "Central Bank: We have succeeded in ending the exchange rate gap" This article has been out for a bit...There has been all kinds of commentary on it. What does it mean? Will it float? Are they in compliance with the IMF’s directives? Many interesting points, but I think everyone is missing the big picture here. What are these miracle steps the CBI has taken to close the gap between the “Market rate” and “Official rate”? Bottom line? Nothing really… They wrote a few memos and changed how they are doing things a little. Other than making threats to deal with their endemic corruption...nothing really. So what is it? Short story – they want to. For a very long time the IMF, UN, WB and others have had these guidelines in place. However, Iraq and her corruption politicians have thumbed their noses at the world systems and continued robbing their own people blind...right up to the point of nearly setting the whole Middle East on fire for the nothing more important than a slight political edge in the then upcoming elections. [post 1 of 3....stay tuned]
4-8-2018 Newshound Guru mike ...the truth is Abadi never had a fully seated cabinet...just like we had with Maliki. Political dysfunction. ...it's frustrating watching these folks. Pass the economic laws that allow for outside investors to own businesses without partnering with native Iraqi's. Stop passing laws that protect the ruling elite from corruption. Move to Article VIII. Have a fully seated and functioning government. The vague assurances of banking improvements don't move the needle for me anymore, my hopes are they can hold this spread for 90 days and Iraq begins the float. But without exports, the dinar will remain stagnant, there will be no demand for it. My fears are that once the election in May is over the spread will return, I hope I'm wrong. --Stay grounded...
4-8-2018 Newshound/Intel Guru Mnt Goat "PARLIAMENTARY SERVICES REVEAL THE WITHDRAWAL OF DONOR COUNTRIES AND COMPANIES AT THE "KUWAIT CONFERENCE" Quote: "Iraq has said it has demonstrated difficulty of achieving the impossible conditions set by the participating countries." ...oh man! They are taking too long implement this! ...It is close to 2 months already since the donor conference. Do they think these companies are going to just sit back and wait while they internally fight over this damn budget and investment laws? ...this...paragraph says it all – “while he warned of the slow government in the planning process and bureaucracy that will frustrate others and push them to withdraw”. Iraq must find a way to breakthrough this bureaucracy and stagnation in the parliament for passing the much needed legislation. Maybe this is part of the list of the laws Jubouri wanted to pass on 3/29 as part of the basket of laws. Now we see what he was trying to do and why.
4-8-2018 Newshound Guru Kaperoni Article: "Central Bank: Progress payments system leaders to control the flow of money" Seems very clear to me that if they can stay in compliance through the 90 days they will accept Article VIII. [Do you still think a June-August time period sounds right? From this article, it sure seems so...] ...many things must go right but I am hopeful Article VIII will occur this summer and investment will flow into Iraq to begin the process we need which will allow the CBI to float the dinar and delete the zeros.
4-8-2018 Newshound/Intel Guru BGG First, who is this announcement by the CBI for? Does this affect the everyday people in Iraq? If it did, it would be to the tune of few dinars per transaction… so no, it doesn’t affect them much. Then who is the CBI talking to? I see this as a public declaration by the GOI and CBI to the IMF and others they intend to play ball. Secondly, they have to do this before they will be fully accepted by the world exchange markets. It appears they intend to get there quickly. Why? The answer to this whole commentary is simple… BECAUSE THEY WANT TO. They simply lacked the right level of desire before. It seems like they have it now. Going back to what are they doing to affect this change? Dealing with their corruption. That’s it. Do I care what they do or how they do it? I do not. The end result will be the same. I am happy we are seeing real results... [post 3 of 3]
4-8-2018 Newshound/Intel Guru BGG On the other hand, the IMF, UN, WB and others have been content to shrug their shoulders and leave Iraq at the same value and in the same (financial) condition she has been in for decades. If they don’t want to play ball – no reason to let them back in until they can show some financial accountability. All of this begs the question – “What does the IMF, UN and WB have to do with the value of Iraq’s currency”? Iraq can declare whatever number they dream up, much like Saddam did. If no one will accept it, buys it or agrees to hold it – what does it matter what the number is? Fast forward to today… we watch this AMAZING closing of the “Market rate” and “Official rate” gap in Iraq… It hasn’t EVER happened. Why now? [post 2 of 3....stay tuned]
4-8-2018 Newshound/Intel Guru BGG Article: "Central Bank: We have succeeded in ending the exchange rate gap" This article has been out for a bit...There has been all kinds of commentary on it. What does it mean? Will it float? Are they in compliance with the IMF’s directives? Many interesting points, but I think everyone is missing the big picture here. What are these miracle steps the CBI has taken to close the gap between the “Market rate” and “Official rate”? Bottom line? Nothing really… They wrote a few memos and changed how they are doing things a little. Other than making threats to deal with their endemic corruption...nothing really. So what is it? Short story – they want to. For a very long time the IMF, UN, WB and others have had these guidelines in place. However, Iraq and her corruption politicians have thumbed their noses at the world systems and continued robbing their own people blind...right up to the point of nearly setting the whole Middle East on fire for the nothing more important than a slight political edge in the then upcoming elections. [post 1 of 3....stay tuned]
4-7-2018 Newshound Guru Don961 Article: "Is it time to delete three zeros from the currency?" Economists are saying... Politicians ... put up or shut up ... real reform is way overdo ... imo.
4-7-2018 Newshound Guru APMCRX Article: “Market Review: Market Consolidates” Wow wow wow this article is telling you when the IQD will start a real recovery...Timing.... a lot of timing is still need it... Demand and supply...M2 will increase over the time...Abadi is doing bussiness around the world... investments in a short-medium term good for the IQD...IMO
4-7-2018 Newshound/Intel Guru Mnt Goat Article: "PAYMENT SYSTEMS DURING THE PAST PERIOD LED TO A SIGNIFICANT CONTROL OVER THE FLOW OF FUNDS INSIDE IRAQ" Quote "...INCLUDING THE MODERNIZATION OF THE PAYMENTS SYSTEM IN ALL ITS COMPONENTS ACCORDING TO INTERNATIONAL STANDARDS." I really like this article because it is giving an overview of the work the CBI has done to control the money flow. ...This is all stuff they needed prior to the RV. They told us way back in 2011 about this stuff. We have been waiting for it all. This is all very good news just in the fact they are telling us it is now all completed...
4-7-2018 Newshound Guru Kaperoni I try to teach people not to believe what I say but to research this investment. And doing so you will find that currency simply does not RV or RI, they float and gradually rise overtime. In fact once they begin this transition it could take two years or more to appreciate to a level that we all would consider cashing in. There is no single event. This is a process that takes time.
4-7-2018 Newshound Guru Walkingstick ALAK: "I am ready to lift the exchange rate; they closed the gap; 2% compliant... ...when they closed the gap 2% variance, that was the end of the MCP's; they eliminated their MCP practice... ...if they show budget with a program rate, then there is a tight window for them to show a new rate...they are ready to establish their 1:1 official rate without any further hiccups... Time has run out...because, IT IS FINISHED! the ball is rolling! ...There will be a 'HAPPY DAY" in a MATTER OF DAYS...IN A MATTER OF HOURS...BEFORE MAY!!!"
4-7-2018 Newshound/Intel Guru Mnt Goat ...Here they have $30 billion dollars on the table for reconstruction and they are stalling again. We see the frustration of the donors from the Kuwait fund raising conference in mid February as they want to come into Iraq now, not 20 years from now or even months from now. Oh – what about the reinstatement of the currency. I believe right now they have not had a better opportunity to reinstate since 2012-2013 period. Will they also let this one blow by them? oil prices are up, security is under control and political stability is maintained... [post 2 of 2]
4-7-2018 Newshound/Intel Guru Mnt Goat So recently the CBI seems to be bragging about the new modernization of their banking systems. This is all good news since it is showing us they have completed this step in the banking reforms. What amazes me though, is on one hand Iraq claims they want to progress their country forward yet they still embark in these constant delays and stagnation of the parliament to pass the much needed legislation to move this country forward. ...We know the instability the elections can cause and so it could literally be June or July until things settle down post elections and the new government is formed. [post 1 of 2....stay tuned]
4-7-2018 Newshound Guru MilitiaMan Article: "Modern technology is entering the financial sector With local application" ATM's are flowing and bringing in the Citizens. They clearly are working to fire this off and have been for some time now. imo.
4-7-2018 Intel Guru Dr. Clarke "There is a RAGING WAR in the Public OUTSIDE...but a Calm, Controlled, Peaceful COMPLETION, on the INSIDE." Just KNOW it. THIS Time. MAY is 24 Days away from Today, and MAY lasts for 31 Days. THAT'S our Friday Opinion. THAT'S our Friday Truth. THAT'S our Friday Expectation. THAT'S our Friday Connection. P.S. The Hornet's Nest is sufficiently stirred up. PERFECT! MAY is Magic. [post 2 of 2]
4-7-2018 Intel Guru Dr. Clarke PLEASE understand the COMPLETE Importance, of the month of MAY. "What are Serious Doubts Today, will be Gone Tomorrow."...so to speak. What happens in MAY? Flowers BLOOM. You see the Beauty, that's been HIDDEN in the soil for so long, suddenly come forth. FOR REAL. That's MAY. WE excitedly look forward to MAY - ALL OF MAY. For MANY reasons, including COMPLETION. We Love what's happening in April, and the showers are nice, but we want to SEE, TASTE & SMELL...the Flowers. FOR REAL. Step BACK quite a ways...and take a snapshot of this entire picture...what's TOO OBVIOUS? THEN, use your years of history & education with the MIDDLE EAST, and particularly Iraq, as a metric to measure what's REALLY Happening, TIMING WISE & MONEY WISE. Be SMARTER than the Above-Average-Investor-Citizen. [post 1 of 2....stay tuned]
4-7-2018 Newshound Guru APMCRX Article: “Market Review: Market Consolidates” Wow wow wow this article is telling you when the IQD will start a real recovery...Timing.... a lot of timing is still need it... Demand and supply...M2 will increase over the time...Abadi is doing bussiness around the world... investments in a short-medium term good for the IQD...IMO
4-7-2018 Newshound/Intel Guru Mnt Goat Article: "PAYMENT SYSTEMS DURING THE PAST PERIOD LED TO A SIGNIFICANT CONTROL OVER THE FLOW OF FUNDS INSIDE IRAQ" Quote "...INCLUDING THE MODERNIZATION OF THE PAYMENTS SYSTEM IN ALL ITS COMPONENTS ACCORDING TO INTERNATIONAL STANDARDS." I really like this article because it is giving an overview of the work the CBI has done to control the money flow. ...This is all stuff they needed prior to the RV. They told us way back in 2011 about this stuff. We have been waiting for it all. This is all very good news just in the fact they are telling us it is now all completed...
4-7-2018 Newshound Guru Kaperoni I try to teach people not to believe what I say but to research this investment. And doing so you will find that currency simply does not RV or RI, they float and gradually rise overtime. In fact once they begin this transition it could take two years or more to appreciate to a level that we all would consider cashing in. There is no single event. This is a process that takes time.
4-7-2018 Newshound Guru Walkingstick ALAK: "I am ready to lift the exchange rate; they closed the gap; 2% compliant... ...when they closed the gap 2% variance, that was the end of the MCP's; they eliminated their MCP practice... ...if they show budget with a program rate, then there is a tight window for them to show a new rate...they are ready to establish their 1:1 official rate without any further hiccups... Time has run out...because, IT IS FINISHED! the ball is rolling! ...There will be a 'HAPPY DAY" in a MATTER OF DAYS...IN A MATTER OF HOURS...BEFORE MAY!!!"
4-7-2018 Newshound/Intel Guru Mnt Goat ...Here they have $30 billion dollars on the table for reconstruction and they are stalling again. We see the frustration of the donors from the Kuwait fund raising conference in mid February as they want to come into Iraq now, not 20 years from now or even months from now. Oh – what about the reinstatement of the currency. I believe right now they have not had a better opportunity to reinstate since 2012-2013 period. Will they also let this one blow by them? oil prices are up, security is under control and political stability is maintained... [post 2 of 2]
4-7-2018 Newshound/Intel Guru Mnt Goat So recently the CBI seems to be bragging about the new modernization of their banking systems. This is all good news since it is showing us they have completed this step in the banking reforms. What amazes me though, is on one hand Iraq claims they want to progress their country forward yet they still embark in these constant delays and stagnation of the parliament to pass the much needed legislation to move this country forward. ...We know the instability the elections can cause and so it could literally be June or July until things settle down post elections and the new government is formed. [post 1 of 2....stay tuned]
4-7-2018 Newshound Guru MilitiaMan Article: "Modern technology is entering the financial sector With local application" ATM's are flowing and bringing in the Citizens. They clearly are working to fire this off and have been for some time now. imo.
4-7-2018 Intel Guru Dr. Clarke "There is a RAGING WAR in the Public OUTSIDE...but a Calm, Controlled, Peaceful COMPLETION, on the INSIDE." Just KNOW it. THIS Time. MAY is 24 Days away from Today, and MAY lasts for 31 Days. THAT'S our Friday Opinion. THAT'S our Friday Truth. THAT'S our Friday Expectation. THAT'S our Friday Connection. P.S. The Hornet's Nest is sufficiently stirred up. PERFECT! MAY is Magic. [post 2 of 2]
4-7-2018 Intel Guru Dr. Clarke PLEASE understand the COMPLETE Importance, of the month of MAY. "What are Serious Doubts Today, will be Gone Tomorrow."...so to speak. What happens in MAY? Flowers BLOOM. You see the Beauty, that's been HIDDEN in the soil for so long, suddenly come forth. FOR REAL. That's MAY. WE excitedly look forward to MAY - ALL OF MAY. For MANY reasons, including COMPLETION. We Love what's happening in April, and the showers are nice, but we want to SEE, TASTE & SMELL...the Flowers. FOR REAL. Step BACK quite a ways...and take a snapshot of this entire picture...what's TOO OBVIOUS? THEN, use your years of history & education with the MIDDLE EAST, and particularly Iraq, as a metric to measure what's REALLY Happening, TIMING WISE & MONEY WISE. Be SMARTER than the Above-Average-Investor-Citizen. [post 1 of 2....stay tuned]
4-6-2018 Intel Guru Delta I AGREE WITH YOU BROTHER [reference Frank26 post 4-6-18] ...CBI & GOI ARE READY...NOTHING LEFT...
4-6-2018 Newshound Guru chattels Article quote: "Dollar exchange rates today in Iraq Release date: 2018/4/6 9:31 • [Ayn-Baghdad] Foreign exchange markets in Baghdad, on Friday morning, stabilized at the dollar exchange rate against the Iraqi dinar. The market price in the Kifah Stock Exchange in Baghdad was 1202.5 dinars per dollar..." 1202.5 dinars per dollar
4-6-2018 Intel Guru Frank26 Article: "Is it time to delete three zeros from the currency?" THE ABOVE ARTICLE IS OUR HOLY GRAIL OF THE RI FROM THE MOUTH OF THE CBI GOVERNOR ALACK!!! EVERYTHING WE HAVE SHARED AND MORE IS PLASTERED ALL OVER THIS ARTICLE. NOTHING ...ABSOLUTELY NOTHING AND NO OTHER WORDS MATTER AT THIS TIME AS WE SIMPLY...WAIT. WAIT!!!
4-6-2018 Intel Guru Bruce I do know what the rate was last Sunday because we had it on Qi cards by Iraqi citizens in other cities in Iraq. We know it is between $7 and $8, and it was a great rate. I felt comfortable with the fact they had their rate but not just published on something to be seen worldwide yet at least not for us to see... ...What about their budget? ...their budget went out to the Gazette in the edition that went out Tuesday. ...it was not in the trillions, but in the billions and that made more sense. It showed the revaluation of their currency to be in that amount. I am hearing a lot of good things this weekend. I heard a lot of things from 4 different types of sources pointing towards the weekend. I am excited where we are. [post 2 of 2]
4-6-2018 Intel Guru Bruce The So called Intel or information I gather overall is pointing to very well for us. ...Iraq has done everything it supposed to do except make their new dinar rate which we knew last Sunday what it was, they have that rate ready to go in the next version of the Gazette...The rate itself was not put in the Gazette, but...we expect to come out if it is not already out to be put out in the next printing of the Gazette which would be about 7:30 am Iraqi time Saturday morning or 10:30 EST...Friday night. That is something we are looking to finalize with Iraq that needed to happen. ...This is my opinion about the rate... [post 1 of 2....stay tuned]
4-6-2018 Newshound Guru Kaperoni In a perfect scenario we would like to see the elections go on time, Abadi political block win a second term, choose him to be prime minister and form his government as soon as possible thereafter. This would give an opportunity to move forward and begin with currency reform. And I remind everyone it is not which political block wins it is as Maliki pointed out several years ago it is who assembles the largest coalition of blocks after the elections. Which to me is just all nonsense. So we'll just have to let this play out and the time frames that it takes and hope for the best. [post 2 of 2]
4-6-2018 Newshound Guru Kaperoni So now we know Maliki is seeking a 3rd term. Not good. So in my opinion it is unlikely that would Maliki would be able to manipulate his way into a third term but he certainly can delay things and throw a wrench in the process. What is known is that if anything can go wrong it will so even though we are beginning to get excited that there is potential for currency reform, I wouldn't put my hopes on anything happening in the next 60 days because of the elections. [post 1 of 2....stay tuned]
4-6-2018 Newshound Guru Adam Montana [So it looks like the HCL wasn’t passed. Correct? Is that the only hold up you see? Or do you think this can be pushed through without it? What are the possibilities of before the election?] DEFINITELY possible. EDGE OF MY SEAT!!!
4-6-2018 Newshound Guru mike Article: "Maliki is seeking a third term amid disapproval of the Iraqi street" ...this election is going to be interesting, but I still believe Abadi can cobble together a larger coalition than Maliki. Iraqi's know what Maliki is really about and now that they're trimming the government back, Maliki's lost a bunch of his patronage support, he's not able to grease the wheels like he used to. The real problem is he's still popular enough to hang around and fleece the government and stall progress...
4-6-2018 Intel Guru Bluwolf ...Even though it has taken this long for this new wealth to be available...it does not mean that it ain't going to happen. This blessing from God will take place very soon...
4-6-2018 Newshound Guru chattels Article quote: "Dollar exchange rates today in Iraq Release date: 2018/4/6 9:31 • [Ayn-Baghdad] Foreign exchange markets in Baghdad, on Friday morning, stabilized at the dollar exchange rate against the Iraqi dinar. The market price in the Kifah Stock Exchange in Baghdad was 1202.5 dinars per dollar..." 1202.5 dinars per dollar
4-6-2018 Intel Guru Frank26 Article: "Is it time to delete three zeros from the currency?" THE ABOVE ARTICLE IS OUR HOLY GRAIL OF THE RI FROM THE MOUTH OF THE CBI GOVERNOR ALACK!!! EVERYTHING WE HAVE SHARED AND MORE IS PLASTERED ALL OVER THIS ARTICLE. NOTHING ...ABSOLUTELY NOTHING AND NO OTHER WORDS MATTER AT THIS TIME AS WE SIMPLY...WAIT. WAIT!!!
4-6-2018 Intel Guru Bruce I do know what the rate was last Sunday because we had it on Qi cards by Iraqi citizens in other cities in Iraq. We know it is between $7 and $8, and it was a great rate. I felt comfortable with the fact they had their rate but not just published on something to be seen worldwide yet at least not for us to see... ...What about their budget? ...their budget went out to the Gazette in the edition that went out Tuesday. ...it was not in the trillions, but in the billions and that made more sense. It showed the revaluation of their currency to be in that amount. I am hearing a lot of good things this weekend. I heard a lot of things from 4 different types of sources pointing towards the weekend. I am excited where we are. [post 2 of 2]
4-6-2018 Intel Guru Bruce The So called Intel or information I gather overall is pointing to very well for us. ...Iraq has done everything it supposed to do except make their new dinar rate which we knew last Sunday what it was, they have that rate ready to go in the next version of the Gazette...The rate itself was not put in the Gazette, but...we expect to come out if it is not already out to be put out in the next printing of the Gazette which would be about 7:30 am Iraqi time Saturday morning or 10:30 EST...Friday night. That is something we are looking to finalize with Iraq that needed to happen. ...This is my opinion about the rate... [post 1 of 2....stay tuned]
4-6-2018 Newshound Guru Kaperoni In a perfect scenario we would like to see the elections go on time, Abadi political block win a second term, choose him to be prime minister and form his government as soon as possible thereafter. This would give an opportunity to move forward and begin with currency reform. And I remind everyone it is not which political block wins it is as Maliki pointed out several years ago it is who assembles the largest coalition of blocks after the elections. Which to me is just all nonsense. So we'll just have to let this play out and the time frames that it takes and hope for the best. [post 2 of 2]
4-6-2018 Newshound Guru Kaperoni So now we know Maliki is seeking a 3rd term. Not good. So in my opinion it is unlikely that would Maliki would be able to manipulate his way into a third term but he certainly can delay things and throw a wrench in the process. What is known is that if anything can go wrong it will so even though we are beginning to get excited that there is potential for currency reform, I wouldn't put my hopes on anything happening in the next 60 days because of the elections. [post 1 of 2....stay tuned]
4-6-2018 Newshound Guru Adam Montana [So it looks like the HCL wasn’t passed. Correct? Is that the only hold up you see? Or do you think this can be pushed through without it? What are the possibilities of before the election?] DEFINITELY possible. EDGE OF MY SEAT!!!
4-6-2018 Newshound Guru mike Article: "Maliki is seeking a third term amid disapproval of the Iraqi street" ...this election is going to be interesting, but I still believe Abadi can cobble together a larger coalition than Maliki. Iraqi's know what Maliki is really about and now that they're trimming the government back, Maliki's lost a bunch of his patronage support, he's not able to grease the wheels like he used to. The real problem is he's still popular enough to hang around and fleece the government and stall progress...
4-6-2018 Intel Guru Bluwolf ...Even though it has taken this long for this new wealth to be available...it does not mean that it ain't going to happen. This blessing from God will take place very soon...
4-5-2018 Intel Guru Frank26 ...I strongly believe they are done with the RI of their currency and they KNOW this. 1) The process of removing the zero’s is complete! 2) The process of removing the restrictions from their currency is done! Which is Article 8 compliance. 3) The process of reinstating their currency is complete! All that is left is for them to implement this process...
4-5-2018 Newshound/Intel Guru Mnt Goat Article: "OPINION: THE CURRENT ENVIRONMENT SUITABLE FOR THIS PROJECT BECAUSE THERE IS FINANCIAL AND POLITICAL STABILITY WITNESSED BY THE COUNTRY" Quote: "The central bank submitted a project to delete three zeros of the currency, however it was forced to stop was forced to stop because of the deteriorating security and political situation in the country. It is needed in order to confront inflation and stimulate the economy." WOW! This is a great opening paragraph. We knew why they stopped the project back in 2015. Then we were told in 2017 “until further notice”. Now they are telling us the necessity to get this project going again. We learned back in Dec 2017 that the newer smaller category notes were dispersed from Nov 2016-Nov 2017. So we know the banks are getting ready. WE know the ATMs are also ready to help disperse these newer notes, all part of the plan of the project to delete the zeros.
4-5-2018 Newshound Guru G-Lin Article: "Central Bank: Progress payments system led to control the flow of money" Quote: "...through a group of The measures and precautions that have been implemented and are currently working on, including the modernization of the payments system in all its components according to international standards." Sounds like they are ready.
4-5-2018 Newshound Guru Walkingstick When they finally reveal the budget and they show it at the program rate there is a tight window for them to show it at the new rate.
4-5-2018 Newshound Guru Adam Montana ...if any of you hadn't noticed... right now is an incredibly perfect time for Iraq to make a move. We're almost at a "now or never" point, and it has ME on the edge of my seat! The bottom line for me right now, and of course this is just my opinion, is this: We're at a crossroads. It doesn't take much research to understand that Chapter 8, the Budget, HCL, and a ton of other factors are aligned right now. Everything is aligned! The "waiting game" is tough. But, as they say... good things come to those that wait.
4-5-2018 Intel Guru Frank26 When you have an official rate in the market that’s when you have Article 8 qualified and accepted. It’s why we’re simply waiting. Nothing more. ALL in Iraq are ready to move forward. Overall the window to show the new rate in this month of April is getting much more tight. Tighter. More narrow. An economist predicted they would raise the rate by May. ...The word “by” means before May. ...He did not say in May. ...It is now a day to day, hour to hour wait. Alak told the world, Quote: “WE...ARE..NOW...READY! ” [post 2 of 2]
4-5-2018 Intel Guru Frank26 We have never been in this position before. Waiting for the re-instatement to be announced! When the 2nd article is released that is when everything will be activated. It will have the instructions for the citizens to go to specific banks to bring in the three zero notes. Have a change in their value which will be a whole lot better than what those three zero’s are. That’s why they are coming out with the 100 and 200, the following week they will come out with the 5’s, 10’s, the following week more and after that the fils. When they told you they closed the 2% that was the end of the MCP’s. They eliminated their multiple currency practice. [post 1 of 2....stay tuned]
4-5-2018 Newshound Guru Kaperoni Article: "Maliki is seeking a third term amid disapproval of the Iraqi street" Remember the elections are not choosing a PM. In fact the elections are not choosing anyone. Maliki on his second term stated it is not who wins or what block wins, but who can create the largest coalition of blocks after the election. So yes, Maliki does have a chance.
4-5-2018 Intel Guru Dr. Clarke ...HERE’S WHERE WE’RE AT TODAY - WHETHER WE LIKE IT OR NOT: “IN THE COMING DAYS” 60 DAYS from MARCH 14 (when they said it) — is MAY 14, 2018... When is IRAQ’s Elections? MAY 12, 2018...When is the North & South Korea meeting? (yes, very important) APRIL 27, 2018... When is President TRUMP meeting with North Korea? (yes, very important) MAY, 2018 - (No exact Time, Date or Location yet)... WHY haven’t ALL the people Iraq been paid YET? Because they needed to do it ALL, at the CURRENT, OLD RATE. WHEN will Iraq get Everyone in Iraq Paid? Not BEFORE the Elections have started, or just days Before (On Purpose!)...Abadi must be Re-elected...and they’re going to make sure this happens. To do this, they will hold the NEW RATE OUT, and NOT DELETE the 3 (000’s), as leverage with the people, until AFTER he’s elected, on MAY 12th...we Believe very Strongly, that the next EARLIEST PERIOD, for Iraq to Substantially, OFFICIALLY & PUBLICLY, raise the Value of their Dinar is: SOMETIME in MAY, with a Strong Emphasis, on the LATER HALF OF MAY.
4-5-2018 Newshound/Intel Guru Mnt Goat Article: "OPINION: THE CURRENT ENVIRONMENT SUITABLE FOR THIS PROJECT BECAUSE THERE IS FINANCIAL AND POLITICAL STABILITY WITNESSED BY THE COUNTRY" Quote: "The central bank submitted a project to delete three zeros of the currency, however it was forced to stop was forced to stop because of the deteriorating security and political situation in the country. It is needed in order to confront inflation and stimulate the economy." WOW! This is a great opening paragraph. We knew why they stopped the project back in 2015. Then we were told in 2017 “until further notice”. Now they are telling us the necessity to get this project going again. We learned back in Dec 2017 that the newer smaller category notes were dispersed from Nov 2016-Nov 2017. So we know the banks are getting ready. WE know the ATMs are also ready to help disperse these newer notes, all part of the plan of the project to delete the zeros.
4-5-2018 Newshound Guru G-Lin Article: "Central Bank: Progress payments system led to control the flow of money" Quote: "...through a group of The measures and precautions that have been implemented and are currently working on, including the modernization of the payments system in all its components according to international standards." Sounds like they are ready.
4-5-2018 Newshound Guru Walkingstick When they finally reveal the budget and they show it at the program rate there is a tight window for them to show it at the new rate.
4-5-2018 Newshound Guru Adam Montana ...if any of you hadn't noticed... right now is an incredibly perfect time for Iraq to make a move. We're almost at a "now or never" point, and it has ME on the edge of my seat! The bottom line for me right now, and of course this is just my opinion, is this: We're at a crossroads. It doesn't take much research to understand that Chapter 8, the Budget, HCL, and a ton of other factors are aligned right now. Everything is aligned! The "waiting game" is tough. But, as they say... good things come to those that wait.
4-5-2018 Intel Guru Frank26 When you have an official rate in the market that’s when you have Article 8 qualified and accepted. It’s why we’re simply waiting. Nothing more. ALL in Iraq are ready to move forward. Overall the window to show the new rate in this month of April is getting much more tight. Tighter. More narrow. An economist predicted they would raise the rate by May. ...The word “by” means before May. ...He did not say in May. ...It is now a day to day, hour to hour wait. Alak told the world, Quote: “WE...ARE..NOW...READY! ” [post 2 of 2]
4-5-2018 Intel Guru Frank26 We have never been in this position before. Waiting for the re-instatement to be announced! When the 2nd article is released that is when everything will be activated. It will have the instructions for the citizens to go to specific banks to bring in the three zero notes. Have a change in their value which will be a whole lot better than what those three zero’s are. That’s why they are coming out with the 100 and 200, the following week they will come out with the 5’s, 10’s, the following week more and after that the fils. When they told you they closed the 2% that was the end of the MCP’s. They eliminated their multiple currency practice. [post 1 of 2....stay tuned]
4-5-2018 Newshound Guru Kaperoni Article: "Maliki is seeking a third term amid disapproval of the Iraqi street" Remember the elections are not choosing a PM. In fact the elections are not choosing anyone. Maliki on his second term stated it is not who wins or what block wins, but who can create the largest coalition of blocks after the election. So yes, Maliki does have a chance.
4-5-2018 Intel Guru Dr. Clarke ...HERE’S WHERE WE’RE AT TODAY - WHETHER WE LIKE IT OR NOT: “IN THE COMING DAYS” 60 DAYS from MARCH 14 (when they said it) — is MAY 14, 2018... When is IRAQ’s Elections? MAY 12, 2018...When is the North & South Korea meeting? (yes, very important) APRIL 27, 2018... When is President TRUMP meeting with North Korea? (yes, very important) MAY, 2018 - (No exact Time, Date or Location yet)... WHY haven’t ALL the people Iraq been paid YET? Because they needed to do it ALL, at the CURRENT, OLD RATE. WHEN will Iraq get Everyone in Iraq Paid? Not BEFORE the Elections have started, or just days Before (On Purpose!)...Abadi must be Re-elected...and they’re going to make sure this happens. To do this, they will hold the NEW RATE OUT, and NOT DELETE the 3 (000’s), as leverage with the people, until AFTER he’s elected, on MAY 12th...we Believe very Strongly, that the next EARLIEST PERIOD, for Iraq to Substantially, OFFICIALLY & PUBLICLY, raise the Value of their Dinar is: SOMETIME in MAY, with a Strong Emphasis, on the LATER HALF OF MAY.
4-4-2018 Newshound Guru Kaperoni There continues to be people challenging the IMF rule about waiting 90 days to meet compliance. This 90 days is critical as described as a "financial soundness indicator." In other words, the IMF wants the CBI to prove themselves they are ready for Article VIII. Quote: “The exchange rate may fluctuate within narrow margins of less than ±1 percent around a central rate, or the maximum and minimum values of the exchange rate may remain within a narrow margin of 2 percent for at least three months.”
4-4-2018 Newshound Guru Mnt Goat Iraqi TV is broadcasting news in the coming days the “launching of the new monetary system” throughout Iraq. Then just suddenly they now are telling us they plan to hold it off until after the elections? Honestly I don’t get the sudden negative turnaround! Sometimes it is not so much the content of a published article coming out of from Iraq but the fact that they published the article in the first place and the timing involved when they published it. This is the case this week. ...you will see the congruity of the news to today and how it all blends together nicely to give a full picture of the developments moving yet closer to the reinstatement day...NEVER before in all the years I have been tracking this RV sage have I seen such congruity and inter-connectiveness of the news... [post 2 of 2]
4-4-2018 Newshound/Intel Guru Mnt Goat The BIG question...today is – will we get out of April without an RV? Elections are coming up soon and we all know the chaos and instability they can cause. ...I personally doubt that April will come with an RV and I base this not on my opinion but on everything we are now seeing, but there are some reservations too and anything can happen n Iraq. ...we know the new smaller category notes have been delivered to the banks since Nov 2017...we know that ongoing training is taking place with bank employees on the new currency features...we know the ATMs are now online throughout Iraq and ready to disperse the new small category notes (4) recent articles about the project to delete the zeros in just a week and we have not heard anything prior for almost 6 months. CBI just announced in an article that they have accomplished their (3) major necessary goals including closing the exchange rate gap, carrying out financial inclusion (of all the provinces i.e. Kurdistan ) and settling salaries and completed the process of technical development within the banking system. There is nothing else to do in these areas. [post 1 of 2....stay tuned]
4-4-2018 Intel Guru Bruce ...Intel wise let’s just say that it appears that everything we ever wanted to know about Iraq and failed to ask is done. We did get confirmation this morning that Iraq’s budget was finally put in their printed version of their Gazette...We already had the rate in the Gazette I understand Sunday or Monday...I think we can call Iraq done. I do believe this is it, and that needed to happen...I think we are positioned very well for this to come through. I am hearing things for later on tonight and tomorrow [Wednesday]. I am not calling it. We get in trouble if we try to call it. We are not doing that, but I am hearing very good things... I believe we will receive this thing hopefully soon. I am encouraged by what I am hearing.
4-4-2018 Newshound/Intel Guru BGG I don’t see how anyone can read this and not be VERY excited?? Seriously?!? Because it alludes to some point in the near future instead of tomorrow or the next day? Sheesh!! ...Only one economist is offering his opinion that the time may not be right. Everyone else (that actually matters) are ready to go. [post 2 of 2]
4-4-2018 Newshound/Intel Guru BGG Article: "Is it time to delete three zeros from the currency?!" Quotes: "...the current environment suitable for this project because there is financial and political stability witnessed by the country," "...the project would be implemented after the legislative elections scheduled for next May" ...This is current news!! It appears both Saleh and Alak believe the current climate is right, however, one economist mentioned does not. We’ll soon see (as in – between now and a month or two after the elections – according to them). [post 1 of 2....stay tuned]
4-4-2018 Newshound Guru Kaperoni I have been in this investment now close to 10 years spent hours and hours and hours reading factual documents from all over the world from different agencies including the IMF, World Bank, United Nations etc. I do so to publish the truth. I can assure you there is no RV, RI. This is a process of monetary reform that will allow the CBI to transition from a peg two a float allowing the dinar to rise based on supply and demand and investment in Iraq. There is an opportunity to substantially profit from that appreciation but it'll be gradually over time once they begin the process. We hope that will occur or start this year. Those looking for an overnight wind fall as such in a lottery ticket it simply will not and cannot happen.
4-4-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK: WE HAVE SUCCEEDED IN ENDING THE EXCHANGE RATE GAP" ...So now we know the IMF was satisfied with the last round of monitoring the MCP. It is here is black and white..."The reform carried out by the Central Bank, based on three axes, 1) the first close the exchange rate gap, 2) carrying out financial inclusion (of all the provinces i.e. Kurdistan )and settling salaries and 3) the third related to the process of technical development within the banking system...So they are telling us all three (3) of these items are completed. ...They are saying the banking and financial reforms are completed. ...This is part of the creation of the environment conducive to completing the project to delete the zeros...But where is the reinstatement of the currency then?...I believe after reading this article that the reinstatement of the IQD is now nearer that [than ?] we thought. Remember the RV is a by-product of completing the banking and financial reforms not a reform in itself...So now the reforms are all complete...I am excited and so should you...
4-4-2018 Newshound Guru Mnt Goat Iraqi TV is broadcasting news in the coming days the “launching of the new monetary system” throughout Iraq. Then just suddenly they now are telling us they plan to hold it off until after the elections? Honestly I don’t get the sudden negative turnaround! Sometimes it is not so much the content of a published article coming out of from Iraq but the fact that they published the article in the first place and the timing involved when they published it. This is the case this week. ...you will see the congruity of the news to today and how it all blends together nicely to give a full picture of the developments moving yet closer to the reinstatement day...NEVER before in all the years I have been tracking this RV sage have I seen such congruity and inter-connectiveness of the news... [post 2 of 2]
4-4-2018 Newshound/Intel Guru Mnt Goat The BIG question...today is – will we get out of April without an RV? Elections are coming up soon and we all know the chaos and instability they can cause. ...I personally doubt that April will come with an RV and I base this not on my opinion but on everything we are now seeing, but there are some reservations too and anything can happen n Iraq. ...we know the new smaller category notes have been delivered to the banks since Nov 2017...we know that ongoing training is taking place with bank employees on the new currency features...we know the ATMs are now online throughout Iraq and ready to disperse the new small category notes (4) recent articles about the project to delete the zeros in just a week and we have not heard anything prior for almost 6 months. CBI just announced in an article that they have accomplished their (3) major necessary goals including closing the exchange rate gap, carrying out financial inclusion (of all the provinces i.e. Kurdistan ) and settling salaries and completed the process of technical development within the banking system. There is nothing else to do in these areas. [post 1 of 2....stay tuned]
4-4-2018 Intel Guru Bruce ...Intel wise let’s just say that it appears that everything we ever wanted to know about Iraq and failed to ask is done. We did get confirmation this morning that Iraq’s budget was finally put in their printed version of their Gazette...We already had the rate in the Gazette I understand Sunday or Monday...I think we can call Iraq done. I do believe this is it, and that needed to happen...I think we are positioned very well for this to come through. I am hearing things for later on tonight and tomorrow [Wednesday]. I am not calling it. We get in trouble if we try to call it. We are not doing that, but I am hearing very good things... I believe we will receive this thing hopefully soon. I am encouraged by what I am hearing.
4-4-2018 Newshound/Intel Guru BGG I don’t see how anyone can read this and not be VERY excited?? Seriously?!? Because it alludes to some point in the near future instead of tomorrow or the next day? Sheesh!! ...Only one economist is offering his opinion that the time may not be right. Everyone else (that actually matters) are ready to go. [post 2 of 2]
4-4-2018 Newshound/Intel Guru BGG Article: "Is it time to delete three zeros from the currency?!" Quotes: "...the current environment suitable for this project because there is financial and political stability witnessed by the country," "...the project would be implemented after the legislative elections scheduled for next May" ...This is current news!! It appears both Saleh and Alak believe the current climate is right, however, one economist mentioned does not. We’ll soon see (as in – between now and a month or two after the elections – according to them). [post 1 of 2....stay tuned]
4-4-2018 Newshound Guru Kaperoni I have been in this investment now close to 10 years spent hours and hours and hours reading factual documents from all over the world from different agencies including the IMF, World Bank, United Nations etc. I do so to publish the truth. I can assure you there is no RV, RI. This is a process of monetary reform that will allow the CBI to transition from a peg two a float allowing the dinar to rise based on supply and demand and investment in Iraq. There is an opportunity to substantially profit from that appreciation but it'll be gradually over time once they begin the process. We hope that will occur or start this year. Those looking for an overnight wind fall as such in a lottery ticket it simply will not and cannot happen.
4-4-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK: WE HAVE SUCCEEDED IN ENDING THE EXCHANGE RATE GAP" ...So now we know the IMF was satisfied with the last round of monitoring the MCP. It is here is black and white..."The reform carried out by the Central Bank, based on three axes, 1) the first close the exchange rate gap, 2) carrying out financial inclusion (of all the provinces i.e. Kurdistan )and settling salaries and 3) the third related to the process of technical development within the banking system...So they are telling us all three (3) of these items are completed. ...They are saying the banking and financial reforms are completed. ...This is part of the creation of the environment conducive to completing the project to delete the zeros...But where is the reinstatement of the currency then?...I believe after reading this article that the reinstatement of the IQD is now nearer that [than ?] we thought. Remember the RV is a by-product of completing the banking and financial reforms not a reform in itself...So now the reforms are all complete...I am excited and so should you...
4-3-2018 Newshound Guru Stryker 2018 Budget Published but not yet Implemented...We are in the window between this morning’s Budget Publication in Gazette and when the Minister of Finance and the Minister of Federal Planning facilitates the implementation of the 2018 Fiscal Budget...
4-3-2018 Intel Guru Frank26 ...Alak met with the media and explained they must introduce this document exactly as they were to receive it from him. They haven’t received it yet. IMO, Alak is now ready to hand over the information he was telling them about privately. IMO, the citizens are about to report to the banks of Iraq to received all of their reinstatement. They are closing in to do this day by day, hour by hour...IMO we are near the point of just waiting for Alak to release the RI. It is now the opinion of ITEAM and all of us that it is just a matter of meeting all Article 8 requirements. On the CBI website that is the last step now. . . [post 2 of 2]
4-3-2018 Intel Guru Frank26 ...Tuesday night [Guru] Delta who watches Arabic TV, CBI on the Arabic side and translates articles...said he’d just heard on TV, the CBI announced that they had closed the gap between the market rate in the streets of Iraq against the official exchange rate of Iraq. That’s the 2% compliance. Take the 90 days and flush them down the toilet...nowhere on the IMF web site that talks about that. How did they do it? They used Article 8. The 2% compliance will adjust itself. The definition of Article 8 for Iraq is to lift the restriction on their currency. They are not going to tell you they are Article 8 compliant. That would signal a change. The countries on their borders would be excited. They are now working under Article 8. Article 8 compliant. The acceptance of Article 8 requires them to lift all restrictions on their currency. Abadi promised this at the Kuwait convention. [post 1 of 2....stay tuned]
4-3-2018 Newshound/Intel Guru Mnt Goat Some...are telling you that the ONLY way that the three zeros will be eliminated in Iraq is through a gradual rise in the value of the currency. Really? It has NOT been shown conclusively that this RV concept of putting the Program Rate on any kind of float is the process the CBI intends to go. There has been many, many articles telling us they do NOT intend to EVER do this. ...“The ONLY way to get to our goal is to see the currency move to a float and then see a gradual removal of the large notes as the value of the currency rises”. Really? Again, I do not agree with this statement. YES, they do plan to get off the de facto peg of the US dollar and then float, but this is the only limited part I agree with. ...they will not go to a float unless they also move to the peg of the SDR basket at the same time. They have told us this many times already.
4-3-2018 Intel/Newshound Guru sandyf There would be very little point in a 1 to 1 redenomination. The only other answer to what you are implying would be a redenomination followed by a revaluation. Two separate events with a variable time gap, although a possibility, not a scenario people would want to face. ...a float...is a contentious issue and always a possibility although not normally considered a good move for an emerging market. If it were to go ahead, appreciation would be limited with very little in the way of returns. [post 2 of 2]
4-3-2018 Intel/Newshound Guru sandyf [...can the introduce a new currency and value it differently at the same time?] ...The answer is in the question. If it is a new currency it will be a new value and cannot be different. What you really mean is would it be different to the currency it replaced and the simple answer is yes. A new currency is introduced through a redenomination and redenominations work on a ratio basis. Iraq is talking about 1000 to 1(3 zeros), the last redenomination in Zimbabwe was 1 Trillion to 1, and when the UK redenominated it was 2.4 to 1. [post 1 of 2....stay tuned]
4-3-2018 Intel Guru Footforward ...I've always believed that this is going to happen...I think it can be a very turbulent 72 hours...I wouldn't be surprised if something happened in the next day or 2 of 3. I think we need to be on high alert...I feel it's the time and the season for this...I do believe we are going to be happy with the timing of RV when it happens.
4-3-2018 Intel Guru Delta [Where Is The Budget? Why did they not post it Sunday as they said? Why did they not post it Monday as they said?] IT SHOULD COME OUT SOMETIMES BETWEEN...MON-WED. FYI...1 USD= 1196 IQD... IN THE MARKET FOR MON. LIKE VENDOR AND STORES IN IRAQ THEY WILL STILL SHOW THE OLD RATE UNTIL CBI CHANGE IT...VERY EASY FIX AFTER THE FACT...
4-3-2018 Intel Guru Frank26 ...Alak met with the media and explained they must introduce this document exactly as they were to receive it from him. They haven’t received it yet. IMO, Alak is now ready to hand over the information he was telling them about privately. IMO, the citizens are about to report to the banks of Iraq to received all of their reinstatement. They are closing in to do this day by day, hour by hour...IMO we are near the point of just waiting for Alak to release the RI. It is now the opinion of ITEAM and all of us that it is just a matter of meeting all Article 8 requirements. On the CBI website that is the last step now. . . [post 2 of 2]
4-3-2018 Intel Guru Frank26 ...Tuesday night [Guru] Delta who watches Arabic TV, CBI on the Arabic side and translates articles...said he’d just heard on TV, the CBI announced that they had closed the gap between the market rate in the streets of Iraq against the official exchange rate of Iraq. That’s the 2% compliance. Take the 90 days and flush them down the toilet...nowhere on the IMF web site that talks about that. How did they do it? They used Article 8. The 2% compliance will adjust itself. The definition of Article 8 for Iraq is to lift the restriction on their currency. They are not going to tell you they are Article 8 compliant. That would signal a change. The countries on their borders would be excited. They are now working under Article 8. Article 8 compliant. The acceptance of Article 8 requires them to lift all restrictions on their currency. Abadi promised this at the Kuwait convention. [post 1 of 2....stay tuned]
4-3-2018 Newshound/Intel Guru Mnt Goat Some...are telling you that the ONLY way that the three zeros will be eliminated in Iraq is through a gradual rise in the value of the currency. Really? It has NOT been shown conclusively that this RV concept of putting the Program Rate on any kind of float is the process the CBI intends to go. There has been many, many articles telling us they do NOT intend to EVER do this. ...“The ONLY way to get to our goal is to see the currency move to a float and then see a gradual removal of the large notes as the value of the currency rises”. Really? Again, I do not agree with this statement. YES, they do plan to get off the de facto peg of the US dollar and then float, but this is the only limited part I agree with. ...they will not go to a float unless they also move to the peg of the SDR basket at the same time. They have told us this many times already.
4-3-2018 Intel/Newshound Guru sandyf There would be very little point in a 1 to 1 redenomination. The only other answer to what you are implying would be a redenomination followed by a revaluation. Two separate events with a variable time gap, although a possibility, not a scenario people would want to face. ...a float...is a contentious issue and always a possibility although not normally considered a good move for an emerging market. If it were to go ahead, appreciation would be limited with very little in the way of returns. [post 2 of 2]
4-3-2018 Intel/Newshound Guru sandyf [...can the introduce a new currency and value it differently at the same time?] ...The answer is in the question. If it is a new currency it will be a new value and cannot be different. What you really mean is would it be different to the currency it replaced and the simple answer is yes. A new currency is introduced through a redenomination and redenominations work on a ratio basis. Iraq is talking about 1000 to 1(3 zeros), the last redenomination in Zimbabwe was 1 Trillion to 1, and when the UK redenominated it was 2.4 to 1. [post 1 of 2....stay tuned]
4-3-2018 Intel Guru Footforward ...I've always believed that this is going to happen...I think it can be a very turbulent 72 hours...I wouldn't be surprised if something happened in the next day or 2 of 3. I think we need to be on high alert...I feel it's the time and the season for this...I do believe we are going to be happy with the timing of RV when it happens.
4-3-2018 Intel Guru Delta [Where Is The Budget? Why did they not post it Sunday as they said? Why did they not post it Monday as they said?] IT SHOULD COME OUT SOMETIMES BETWEEN...MON-WED. FYI...1 USD= 1196 IQD... IN THE MARKET FOR MON. LIKE VENDOR AND STORES IN IRAQ THEY WILL STILL SHOW THE OLD RATE UNTIL CBI CHANGE IT...VERY EASY FIX AFTER THE FACT...
4-2-2018 Newshound Guru Kaperoni [...What will happen to the dinar notes we hold here in the US? Any thoughts?] According to the CBIs own words, held in central banks around the world for a very long time.
4-2-2018 Newshound/Intel Guru Mnt Goat We are witnessing the payment of salaries to the Kurdistan region as Iraq must catch up on all is outstanding bills. The goal is for them not to do it just one time but to “consistently” fulfill all their financial obligations on a regular scheduled basis, just as you receive your paycheck. The problems always stem around Kurdistan. The GOI is trying to clean up the fraud and corruption in the KRG. This is all part of the last Stand-by-Agreement (SBA) and is carried forward into the 2018-2022 objectives. It is mandated prior to the reinstatement. Part of the 2018-2022 objectives for Iraq is to begin this new period with a reinstatement of the dinar and then work forward. So we know they want this RV and need it now. [post 2 of 2]
4-2-2018 Newshound/Intel Guru Mnt Goat So the news concerning the RV saga is more hopeful than ever before in all the time I have been in this investment. The GOI is now running televised commercials informing the citizens about the change out of the new category notes (or as they call them the “smaller” notes). The CBI just completed a series of training classes for the banking employees (mostly upper management) last week and has other classes scheduled for this week in anti-corruption and counterfeiting. [post 1 of 2....stay tuned]
4-2-2018 Newshound Guru Enorrste I personally believe that Abadi has a good chance to win re-election. ...However, on the off chance that Maliki wins, I believe that he would be in a position to stop the project in its tracks. After all, for eight years he was able to stall it, even when he had to remove Shabibi to do it. If he get the PM slot again I believe that he has an incentive through corruption to keep the dinar value down.
4-2-2018 Newshound Guru Kaperoni Article: "The dollar exchange rate in Iraq on Sunday" 1200 to $1 nice.
4-2-2018 Intel Guru Jester [...won't it be glorious when this happens and we will have the funds to do as Jester says and do preventive care...] ISN'T THAT THE TRUTH... JUST HANG ON YOUR TIME IS NEAR I THINK...
4-2-2018 Newshound/Intel Guru Mnt Goat We are witnessing the payment of salaries to the Kurdistan region as Iraq must catch up on all is outstanding bills. The goal is for them not to do it just one time but to “consistently” fulfill all their financial obligations on a regular scheduled basis, just as you receive your paycheck. The problems always stem around Kurdistan. The GOI is trying to clean up the fraud and corruption in the KRG. This is all part of the last Stand-by-Agreement (SBA) and is carried forward into the 2018-2022 objectives. It is mandated prior to the reinstatement. Part of the 2018-2022 objectives for Iraq is to begin this new period with a reinstatement of the dinar and then work forward. So we know they want this RV and need it now. [post 2 of 2]
4-2-2018 Newshound/Intel Guru Mnt Goat So the news concerning the RV saga is more hopeful than ever before in all the time I have been in this investment. The GOI is now running televised commercials informing the citizens about the change out of the new category notes (or as they call them the “smaller” notes). The CBI just completed a series of training classes for the banking employees (mostly upper management) last week and has other classes scheduled for this week in anti-corruption and counterfeiting. [post 1 of 2....stay tuned]
4-2-2018 Newshound Guru Enorrste I personally believe that Abadi has a good chance to win re-election. ...However, on the off chance that Maliki wins, I believe that he would be in a position to stop the project in its tracks. After all, for eight years he was able to stall it, even when he had to remove Shabibi to do it. If he get the PM slot again I believe that he has an incentive through corruption to keep the dinar value down.
4-2-2018 Newshound Guru Kaperoni Article: "The dollar exchange rate in Iraq on Sunday" 1200 to $1 nice.
4-2-2018 Intel Guru Jester [...won't it be glorious when this happens and we will have the funds to do as Jester says and do preventive care...] ISN'T THAT THE TRUTH... JUST HANG ON YOUR TIME IS NEAR I THINK...
4-1-2018 Newshound Guru Kaperoni Article: "Central Bank: We have succeeded in ending the exchange rate gap" It is nice to see the CBI getting to the point where hopefully they can take the next step and open the banking system, invite foreign investors/Investment into Iraq.
4-1-2018 Intel Guru Delta "URGENT FROM IRAQIA TV: CBI...WE HAVE SUCCEEDED IN ENDING THE EXCHANGE RATE GAP..." Article: "Central Bank: We have succeeded in ending the exchange rate gap" YEP...PAST TENSE ...SUCCEEDED... [...does this mean they have ended the auctions?] NOT YET... RATE FIRST...
4-1-2018 Newshound Guru Stryker Article: "AMBASSADOR DOUGLAS SILLIMAN REMARKS AT IRAQ ENERGY FORUM" This shows us without a doubt that Abadi and his Cabinet of Ministers must be willing to turn over the economy to the private sector and release control of this out of date centralized economic system and it needs done NOW!!
4-1-2018 Intel/Newshound Guru sandyf There should be a bit more clarity when referring to banknotes. There is no such thing as 'Older' or 'Newer' notes per se. Banknotes either belong to a previous series, a previous currency, a new series. or a new currency. The fundamental difference between a revaluation and a redenomination is the former retains the same currency whereas the latter introduces a new currency. There can be some distortion in terms of RD as there is an inherited revaluation of the monetary unit (not the currency) which may be perceived by some as a revaluation.
4-1-2018 Intel Guru Delta "URGENT FROM IRAQIA TV: CBI...WE HAVE SUCCEEDED IN ENDING THE EXCHANGE RATE GAP..." Article: "Central Bank: We have succeeded in ending the exchange rate gap" YEP...PAST TENSE ...SUCCEEDED... [...does this mean they have ended the auctions?] NOT YET... RATE FIRST...
4-1-2018 Newshound Guru Stryker Article: "AMBASSADOR DOUGLAS SILLIMAN REMARKS AT IRAQ ENERGY FORUM" This shows us without a doubt that Abadi and his Cabinet of Ministers must be willing to turn over the economy to the private sector and release control of this out of date centralized economic system and it needs done NOW!!
4-1-2018 Intel/Newshound Guru sandyf There should be a bit more clarity when referring to banknotes. There is no such thing as 'Older' or 'Newer' notes per se. Banknotes either belong to a previous series, a previous currency, a new series. or a new currency. The fundamental difference between a revaluation and a redenomination is the former retains the same currency whereas the latter introduces a new currency. There can be some distortion in terms of RD as there is an inherited revaluation of the monetary unit (not the currency) which may be perceived by some as a revaluation.
3-31-2018 Newshound Guru G-Lin Article: "Central Bank: We have succeeded in ending the exchange rate gap" They are referring to what they have already accomplished. ...I know they have had settlement of salaries. The banking industry will continue to improve but it sounds as though they are compliant with IMF. Lets improve that rate and they should be good to go. For them to announce they have closed the gap is pretty big.
3-31-2018 Intel Guru Delta Article: "Including "Almasl" and shaving .. 14 tax awaits Iraqis with the entry into force of the budget" AT 1-1 THE PRICES INSIDE IRAQ WILL DROP BY 20%...IT WILL BE SUICIDAL IF THEY DON'T CHANGE RATE BEFORE IMPOSING THE 14 TAXES...
3-31-2018 Newshound Guru Kaperoni Article: "Central Bank: We have succeeded in ending the exchange rate gap" Quote: "The reform carried out by the Central Bank, based on three axes, the first close the exchange rate gap, Carrying out financial inclusion and settling salaries and the third related to the process of technical development within the banking system..." ...nice to have a matter of fact statement.
3-31-2018 Intel Guru RayRen98 ARTICLES ARE NOW INDICATING THAT THE BUDGET IS SET TO BE PUBLISHED IN THE GAZETTE ON MONDAY.
3-31-2018 Newshound Guru Whitelions for what it's worth Iraq is bring in all kinds of new business, opening banks, training tellers, giving low interest loans no almost no collateral...awarding contracts and still trying to hold an election... this is not a country that will do all this just to stay a sh*t rate.
3-31-2018 Newshound Guru Walkingstick Adding to that, details... specifics of the process.. is and has been in motion... revealed, to the Iraqis themselves ...then, we will ever know/read of... That info will be released within the article/s when released.. Stated, many times... the process, its means ..can be launched in a number of different manners... The notes, their denomination... in question, would be launched for a number of pertinent reason/s... not arbitrarily, or haphazardly.. it, will be... for reason/s. (post 2 of 2)
3-31-2018 Newshound Guru Walkingstick [...will the article(s) announce the entire process or will there be several that piece together the whole situation like: ATMs, International MasterCard, Lower Denoms etc. One could say the launch already started with the MasterCard release?] In brief, yes... in a succinct manner, with enough understanding/ information to eliminate any confusion... Coupled, with the launch ... there, will be.. many more to follow .. as the process dictates, more information will be released... [post 1 of 2....stay tuned]
3-31-2018 Newshound Guru Kaperoni We've talked about this for years and used factual information to support what the plan really is including actual words from the CBI. The deletion of zeros is not a single event it's a process in which they gradually raise the value which could take several years once they started. In fact one of the latest instructions from the CBI stated that they will continue to accept the old currency for up to 10 years. The CBI also stated but the Iraqi dinar will join the world currency markets which is Forex. The IMF also instructed the CBI to move to a more liberal exchange regime (float) to allow the dinar to appreciate based on the Balassa-Samuelson effect. These are actual facts...and studying and learning how monetary policies work is critical to understanding what the dinar will do. The physical note account cannot be reduced until they begin to float the currency in which then they can collect notes as they are deposited and destroy them. This is part of the reason why the process could take 10 years because it's going to be gradual over time. Not to mention the CBI has stated over and over again as recent as a week ago that there's 60 trillion Iraqi dinar outside the banking system in homes (in mattresses under beds etc.)
3-31-2018 Intel Guru Delta Article: "Including "Almasl" and shaving .. 14 tax awaits Iraqis with the entry into force of the budget" AT 1-1 THE PRICES INSIDE IRAQ WILL DROP BY 20%...IT WILL BE SUICIDAL IF THEY DON'T CHANGE RATE BEFORE IMPOSING THE 14 TAXES...
3-31-2018 Newshound Guru Kaperoni Article: "Central Bank: We have succeeded in ending the exchange rate gap" Quote: "The reform carried out by the Central Bank, based on three axes, the first close the exchange rate gap, Carrying out financial inclusion and settling salaries and the third related to the process of technical development within the banking system..." ...nice to have a matter of fact statement.
3-31-2018 Intel Guru RayRen98 ARTICLES ARE NOW INDICATING THAT THE BUDGET IS SET TO BE PUBLISHED IN THE GAZETTE ON MONDAY.
3-31-2018 Newshound Guru Whitelions for what it's worth Iraq is bring in all kinds of new business, opening banks, training tellers, giving low interest loans no almost no collateral...awarding contracts and still trying to hold an election... this is not a country that will do all this just to stay a sh*t rate.
3-31-2018 Newshound Guru Walkingstick Adding to that, details... specifics of the process.. is and has been in motion... revealed, to the Iraqis themselves ...then, we will ever know/read of... That info will be released within the article/s when released.. Stated, many times... the process, its means ..can be launched in a number of different manners... The notes, their denomination... in question, would be launched for a number of pertinent reason/s... not arbitrarily, or haphazardly.. it, will be... for reason/s. (post 2 of 2)
3-31-2018 Newshound Guru Walkingstick [...will the article(s) announce the entire process or will there be several that piece together the whole situation like: ATMs, International MasterCard, Lower Denoms etc. One could say the launch already started with the MasterCard release?] In brief, yes... in a succinct manner, with enough understanding/ information to eliminate any confusion... Coupled, with the launch ... there, will be.. many more to follow .. as the process dictates, more information will be released... [post 1 of 2....stay tuned]
3-31-2018 Newshound Guru Kaperoni We've talked about this for years and used factual information to support what the plan really is including actual words from the CBI. The deletion of zeros is not a single event it's a process in which they gradually raise the value which could take several years once they started. In fact one of the latest instructions from the CBI stated that they will continue to accept the old currency for up to 10 years. The CBI also stated but the Iraqi dinar will join the world currency markets which is Forex. The IMF also instructed the CBI to move to a more liberal exchange regime (float) to allow the dinar to appreciate based on the Balassa-Samuelson effect. These are actual facts...and studying and learning how monetary policies work is critical to understanding what the dinar will do. The physical note account cannot be reduced until they begin to float the currency in which then they can collect notes as they are deposited and destroy them. This is part of the reason why the process could take 10 years because it's going to be gradual over time. Not to mention the CBI has stated over and over again as recent as a week ago that there's 60 trillion Iraqi dinar outside the banking system in homes (in mattresses under beds etc.)
3-30-2018 Newshound Guru chattels I have speculated for some time that the 2018 elections in Iraq may be a watershed event for monetary reform in Iraq. Will the outcome of the elections contribute to the "suitable environment" contemplated by Allaq's recent statements regarding the "three zeroes"? The formulation of a government post election historically is a protracted process. It may be several months following the election before Iraq has a duly constituted government if prior history is a reliable indicator. As with all things in Iraq, we wait, watch, wonder and wish. Godspeed the completion of the Iraqi Banking Sector Reform Project...
3-30-2018 Newshound Guru mike I tend to agree with the security issue Enorrste brings up, without it, it's going to be tough. [reference Guru Enorrste post 3-20-2018] I would also add that there's on huge thing we need in order for the dinar to rise in value. An open market economy where Iraqi exports are desirable. That will create demand for the dinar and through the Balassa-Samuelson effect begin to increase the value of the dinar. We have to begin seeing the political will of Iraq's leaders remove the socialist, centralized chains that restrict Iraq's economy, all they have to do is empower private enterprise and get out of the way. Every stimulus package, including the 6 trillion dinar handout the CBI tried, has failed miserably. Pass the economic laws, move the currency to Article VIII and secure the country, then the dinar will rise in value parallel to their exports. IMO.
3-30-2018 Newshound Guru Breitling I don’t even think they need to reduce the note count anymore. I think they are done doing that…because the last report was they reduced it to 4 billion notes and I think that was a 2 year pace it took them to get there…that was 2 and a half, 3 years ago when the report came out. So they’re there. On that end they don’t need to do anything…there is no hold up position. It’s simply the market value, what it is they can do to make their currency and economy efficient so they can compete.
3-30-2018 Intel/Newshound Guru sandyf The real danger in a redenomination is the ability to exchange. Once the redenomination has taken place it would normal for the old currency to only be exchanged in country. In a redenomination a new currency would be created which would become the international code. The old currency retains its code and as such would not be recognised by international banks...dinarland's worst nightmare. [Maybe dealers would still exchange it for big profits...] That is a distinct possibility, they did it with the 50 dinar notes.
3-30-2018 Intel Guru RayRen98 Iraqi newspaper issues a special issue of the Law of the General Budget...the President of the Republic sent the budget law to the Ministry of Justice for publication in the Official Gazette. Once the budget is published, it has become valid and ratified. The draft Public Budget Law for 2018 will be published in the Iraqi official newspaper on Sunday and will be in force. Scrolling On Iraqi TV screens at the bottom: Special Edition of the Budget Law is being processed for Gazette publication.
3-30-2018 Newshound Guru chattels The notion of dropping the three zeroes has always made the most sense to me as a redenomination. Any other interpretation seems strained to me. My hope is that redenomination may be accompanied by added value of some sort.
3-30-2018 Intel Guru Bruce ...I have heard several people today tell me that we are looking to be notified possibly as early as Saturday afternoon, evening. As far as when we can start with exchanges, it is more likely that we would get notified Monday afternoon and possibly get started exchanging Tuesday morning. ...Rates on the dinar we know right now are between $7 and $8 dollars in-country rates. I really feel at this point we are finally getting down to the very end. Based on all the information over the last few days, everything is pointing toward a wonderful week for us next week... [post 2 of 2]
3-30-2018 Intel Guru Bruce There was a special edition of the Gazette printed yesterday. I heard from our sources that have government of Iraq connections, that they were able to take a physical look and read that printed version of the Gazette while they were on with our sources here in the US. They saw the budget and the rate and various aspects of that in the Gazette. Also I heard today it was going to be another 48 hours from 5 o’clock today [Thursday] before the people of Iraq would have full access to the printed version of the Gazette...They don’t want the people to have access to it until Saturday... We do know what is in it... [post 1 of 2....stay tuned]
3-30-2018 Newshound Guru mike I tend to agree with the security issue Enorrste brings up, without it, it's going to be tough. [reference Guru Enorrste post 3-20-2018] I would also add that there's on huge thing we need in order for the dinar to rise in value. An open market economy where Iraqi exports are desirable. That will create demand for the dinar and through the Balassa-Samuelson effect begin to increase the value of the dinar. We have to begin seeing the political will of Iraq's leaders remove the socialist, centralized chains that restrict Iraq's economy, all they have to do is empower private enterprise and get out of the way. Every stimulus package, including the 6 trillion dinar handout the CBI tried, has failed miserably. Pass the economic laws, move the currency to Article VIII and secure the country, then the dinar will rise in value parallel to their exports. IMO.
3-30-2018 Newshound Guru Breitling I don’t even think they need to reduce the note count anymore. I think they are done doing that…because the last report was they reduced it to 4 billion notes and I think that was a 2 year pace it took them to get there…that was 2 and a half, 3 years ago when the report came out. So they’re there. On that end they don’t need to do anything…there is no hold up position. It’s simply the market value, what it is they can do to make their currency and economy efficient so they can compete.
3-30-2018 Intel/Newshound Guru sandyf The real danger in a redenomination is the ability to exchange. Once the redenomination has taken place it would normal for the old currency to only be exchanged in country. In a redenomination a new currency would be created which would become the international code. The old currency retains its code and as such would not be recognised by international banks...dinarland's worst nightmare. [Maybe dealers would still exchange it for big profits...] That is a distinct possibility, they did it with the 50 dinar notes.
3-30-2018 Intel Guru RayRen98 Iraqi newspaper issues a special issue of the Law of the General Budget...the President of the Republic sent the budget law to the Ministry of Justice for publication in the Official Gazette. Once the budget is published, it has become valid and ratified. The draft Public Budget Law for 2018 will be published in the Iraqi official newspaper on Sunday and will be in force. Scrolling On Iraqi TV screens at the bottom: Special Edition of the Budget Law is being processed for Gazette publication.
3-30-2018 Newshound Guru chattels The notion of dropping the three zeroes has always made the most sense to me as a redenomination. Any other interpretation seems strained to me. My hope is that redenomination may be accompanied by added value of some sort.
3-30-2018 Intel Guru Bruce ...I have heard several people today tell me that we are looking to be notified possibly as early as Saturday afternoon, evening. As far as when we can start with exchanges, it is more likely that we would get notified Monday afternoon and possibly get started exchanging Tuesday morning. ...Rates on the dinar we know right now are between $7 and $8 dollars in-country rates. I really feel at this point we are finally getting down to the very end. Based on all the information over the last few days, everything is pointing toward a wonderful week for us next week... [post 2 of 2]
3-30-2018 Intel Guru Bruce There was a special edition of the Gazette printed yesterday. I heard from our sources that have government of Iraq connections, that they were able to take a physical look and read that printed version of the Gazette while they were on with our sources here in the US. They saw the budget and the rate and various aspects of that in the Gazette. Also I heard today it was going to be another 48 hours from 5 o’clock today [Thursday] before the people of Iraq would have full access to the printed version of the Gazette...They don’t want the people to have access to it until Saturday... We do know what is in it... [post 1 of 2....stay tuned]
3-29-2018 *** Dinar Guru News Update *** For the THIRD straight day, the CBI is reporting a new 52-week high for the dinar market rate...it's now 1205 (remember the lower this number, the stronger the dinar). Guru Kaperoni, along with a few other gurus, feels the IMF "2%-for 90 days rule" must be satisfied before the dinar can reach international acceptance...he feels the dinar official rate and market rate have been within 2% for the past couple weeks already! You can follow the CBI official rate and CBI reported market rate in the Dinar Guru Recource Bar on the left of this page. [The latest guru updates will continue below..]
3-29-2018 Intel Guru RayRen98 Iraq having press conference saying that the president has decided for the good of the citizens to send the 2018 budget to the gazette for official publication. Iraq's Rashid Bank is on Iraqi TV broadcasting the new Mastercards that citizens have can be used "worldwide" while indicating how the features of the new cards enable them to pay bills and use it for other electronic applications and processes. Iraqi TV showing officials from Iraq and Saudi Arabia cutting the ribbon to a new exchange bank located in Baghdad and open for trade.
3-29-2018 Newshound Guru Kaperoni Another low auction day around 1205 to $1 US dollar. My calculations put this at about two and a half weeks now of auctions that are within compliance. If the 90-day rule is true, I would expect the CBI to request article VIII in early June. Could or would the CBI wait before moving to Article VIII? It seems unlikely they would since continuing the auctions at these levels reduces the reserves. And initiating foreign investment is a top priority. One wild card in all of this is the timing of the upcoming new elections that coincidentally are occurring at the same time monetary policy needs to engage with the world financial system.
3-29-2018 Newshound Guru tlm724 Article: "Urgent: The value of the dinar rose to 1197 per dollar" It is great news...! Appears to me that the time is perfect to hold it under the 2%, they got this and we wait about 80 days, give or take, to see if they can maintain this ( I think they can & will). [Whats your thoughts do you think we may see so real action this year like starting the movement soon.] We are seeing action right now, so yes to answer your question, this year looks fabulous to me!
3-29-2018 Intel Guru Frank26 WS [GURU WALKINGSTICK] WANTS YOU TO KNOW IT WILL BE BIG NEWS BECAUSE THESE MEDIA WILL RELEASE WORD FOR WORD WHAT THEY ARE SUPPOSED TO SAY, BUT THE ANNOUNCEMENT MAY FALL IN APRIL OR THESE LAST THREE DAYS. (of March) THIS RI IS READY, IMO. THIS ARTICLE EIGHT HAS BEEN ACCEPTED AND THEY WILL ANNOUNCE IT WITH THE RI. IT HAS TO BE WORD FOR WORD AS THE IMF GAVE IT TO THE CBI AND THEY GIVE IT TO THE CITIZENS. AND THEN TO THE WORLD!! ... LADIES AND GENTLEMEN, THEY ARE ABOUT TO RELEASE THEIR RI OF THEIR CURRENCY. [post 2 of 2]
3-29-2018 Intel Guru Frank26 THIS SECOND AND FINAL ARTICLE IMO IS BEING PREPARED RIGHT NOW. THE SUITABLE ENVIRONMENT WAS CREATED SO THEY COULD RELEASE IT. DO YOU UNDERSTAND? THIS ONE ARTICLE IS PROOFED AND APPROVED. THIS ARTICLE WILL BE COVERED OVER MULTIPLE MEDIA SOURCES, BUT THEY WILL NOT BE WORDED DIFFERENTLY. THEY WILL BE THE SAME. WE KNOW OF AT LEAST SIX THAT WILL COVER IT. [post 1 of 2....stay tuned]
3-29-2018 Newshound Guru Enorrste Where economists used to argue entirely against the project, that has waned and now the arguments are "how" to implement rather that "if" they should implement. So, in that sense, the environment educationally is already suitable. Therefore I am left with the conclusion that the election is the key. It is a significant factor and could throw a real wrench into the gears if it doesn't go down with Abadi on top. On the other hand, with a victory, and especially a significant victory, the environment would be suitable for implementation of the plan. Consider it sort of like the Trump election: a lot of promises were made, but only implemented once the election was in his hands. With that accomplished, he ran like a race horse and has, in a little over a year, accomplished 64% of his promises, the best record in history. Is Abadi looking at Trump as a "guru" to help him jump start his second term? Perhaps he is. What better kick off to a new term than to implement the project? [post 3 of 3]
3-29-2018 Newshound Guru Enorrste The fact that the most recent articles are stating that the only thing holding the implementation of the project is a "suitable environment" brings us closer to Mike's question. What is the "suitable environment?" This phrase is a little more specific than Mike's question concerning a "condition" needed. A suitable environment could involve any of a number of factors. We know one of them: security. For well over a year this was what was holding up the implementation of the project. More recently, however, it seems that the security issue is now either solved or secondary. A second issue might be the coming election. After all, if Abadi doesn't win re-election then the suitable environment will clearly not exist, right? I personally don't see any other significant factor that would constitute a need for the creation of a suitable environment. A recent article stated that education efforts are once again being implemented to inform the people of what to expect. This has occurred before, as we know, and seems somewhat minor to be a significant factor. There has been ample education and discussion on this matter. [post 2 of 3....stay tuned]
3-29-2018 Newshound Guru Enorrste [Guru] Mike's question is well put: What, exactly are the conditions to begin removing the zeros? The answer to that question, not surprisingly, is really quite simple. The one condition that is needed is the assurance that the value of the dinar will rise when they move to the international currency market and Article VIII. The problem with discussing "remove the three zeros" is that it is seen as an event...when in fact it is a process, as will be the case in Iraq. The ONLY way that the three zeros will be eliminated in Iraq is through a gradual rise in the value of the currency... It has been shown conclusively that the RV concept is not tenable because there is too much currency in circulation to effect an RV. The ONLY way to get to our goal is to see the currency move to a float and then see a gradual removal of the large notes as the value of the currency rises. Therefore, "remove the three zeros" can only occur over time with the gradual rise in the value of the currency. [post 1 of 3....stay tuned]
3-29-2018 Newshound Guru G-Lin Article: "Urgent: The value of the dinar rose to 1197 per dollar" [If it goes much lower, it will not be very profitable and then why the auctions.] Yep the auctions need to stop. I think when they talk about preventing manipulation and fraud as far as deleting the 0's, they are referring to the auctions. JMO.
3-29-2018 Newshound Guru Kaperoni Another low auction day around 1205 to $1 US dollar. My calculations put this at about two and a half weeks now of auctions that are within compliance. If the 90-day rule is true, I would expect the CBI to request article VIII in early June. Could or would the CBI wait before moving to Article VIII? It seems unlikely they would since continuing the auctions at these levels reduces the reserves. And initiating foreign investment is a top priority. One wild card in all of this is the timing of the upcoming new elections that coincidentally are occurring at the same time monetary policy needs to engage with the world financial system.
3-29-2018 Newshound Guru tlm724 Article: "Urgent: The value of the dinar rose to 1197 per dollar" It is great news...! Appears to me that the time is perfect to hold it under the 2%, they got this and we wait about 80 days, give or take, to see if they can maintain this ( I think they can & will). [Whats your thoughts do you think we may see so real action this year like starting the movement soon.] We are seeing action right now, so yes to answer your question, this year looks fabulous to me!
3-29-2018 Intel Guru Frank26 WS [GURU WALKINGSTICK] WANTS YOU TO KNOW IT WILL BE BIG NEWS BECAUSE THESE MEDIA WILL RELEASE WORD FOR WORD WHAT THEY ARE SUPPOSED TO SAY, BUT THE ANNOUNCEMENT MAY FALL IN APRIL OR THESE LAST THREE DAYS. (of March) THIS RI IS READY, IMO. THIS ARTICLE EIGHT HAS BEEN ACCEPTED AND THEY WILL ANNOUNCE IT WITH THE RI. IT HAS TO BE WORD FOR WORD AS THE IMF GAVE IT TO THE CBI AND THEY GIVE IT TO THE CITIZENS. AND THEN TO THE WORLD!! ... LADIES AND GENTLEMEN, THEY ARE ABOUT TO RELEASE THEIR RI OF THEIR CURRENCY. [post 2 of 2]
3-29-2018 Intel Guru Frank26 THIS SECOND AND FINAL ARTICLE IMO IS BEING PREPARED RIGHT NOW. THE SUITABLE ENVIRONMENT WAS CREATED SO THEY COULD RELEASE IT. DO YOU UNDERSTAND? THIS ONE ARTICLE IS PROOFED AND APPROVED. THIS ARTICLE WILL BE COVERED OVER MULTIPLE MEDIA SOURCES, BUT THEY WILL NOT BE WORDED DIFFERENTLY. THEY WILL BE THE SAME. WE KNOW OF AT LEAST SIX THAT WILL COVER IT. [post 1 of 2....stay tuned]
3-29-2018 Newshound Guru Enorrste Where economists used to argue entirely against the project, that has waned and now the arguments are "how" to implement rather that "if" they should implement. So, in that sense, the environment educationally is already suitable. Therefore I am left with the conclusion that the election is the key. It is a significant factor and could throw a real wrench into the gears if it doesn't go down with Abadi on top. On the other hand, with a victory, and especially a significant victory, the environment would be suitable for implementation of the plan. Consider it sort of like the Trump election: a lot of promises were made, but only implemented once the election was in his hands. With that accomplished, he ran like a race horse and has, in a little over a year, accomplished 64% of his promises, the best record in history. Is Abadi looking at Trump as a "guru" to help him jump start his second term? Perhaps he is. What better kick off to a new term than to implement the project? [post 3 of 3]
3-29-2018 Newshound Guru Enorrste The fact that the most recent articles are stating that the only thing holding the implementation of the project is a "suitable environment" brings us closer to Mike's question. What is the "suitable environment?" This phrase is a little more specific than Mike's question concerning a "condition" needed. A suitable environment could involve any of a number of factors. We know one of them: security. For well over a year this was what was holding up the implementation of the project. More recently, however, it seems that the security issue is now either solved or secondary. A second issue might be the coming election. After all, if Abadi doesn't win re-election then the suitable environment will clearly not exist, right? I personally don't see any other significant factor that would constitute a need for the creation of a suitable environment. A recent article stated that education efforts are once again being implemented to inform the people of what to expect. This has occurred before, as we know, and seems somewhat minor to be a significant factor. There has been ample education and discussion on this matter. [post 2 of 3....stay tuned]
3-29-2018 Newshound Guru Enorrste [Guru] Mike's question is well put: What, exactly are the conditions to begin removing the zeros? The answer to that question, not surprisingly, is really quite simple. The one condition that is needed is the assurance that the value of the dinar will rise when they move to the international currency market and Article VIII. The problem with discussing "remove the three zeros" is that it is seen as an event...when in fact it is a process, as will be the case in Iraq. The ONLY way that the three zeros will be eliminated in Iraq is through a gradual rise in the value of the currency... It has been shown conclusively that the RV concept is not tenable because there is too much currency in circulation to effect an RV. The ONLY way to get to our goal is to see the currency move to a float and then see a gradual removal of the large notes as the value of the currency rises. Therefore, "remove the three zeros" can only occur over time with the gradual rise in the value of the currency. [post 1 of 3....stay tuned]
3-29-2018 Newshound Guru G-Lin Article: "Urgent: The value of the dinar rose to 1197 per dollar" [If it goes much lower, it will not be very profitable and then why the auctions.] Yep the auctions need to stop. I think when they talk about preventing manipulation and fraud as far as deleting the 0's, they are referring to the auctions. JMO.
3-28-2018 Newshound Guru Adam Montana [I have heard mention that the HCL was passed, or is in a budget to be passed or something like that. Are we really that close to the enactment of the real HCL? Is it imminent? And if so, how does this realistically affect an RV timetable. If it isn't really imminent, then how does that extend your timetable for the "event"?] It has not been passed yet, but YES we are on the verge.
3-28-2018 Intel Guru Delta Article: "The value of the dinar rose to 1197 per dollar" Quote: "The value of the Iraqi dinar against the dollar rose Wednesday by more than 0.41%. At 12:06 am Baghdad time, the dollar exchange rate against the dinar per 100 dollars was 119,750 dinars, while the asking price was 120.750 dinars per 100 dollars." THIS IS SO HUGE I WAS WAITING FOR IT TO DROP BELOW 1200...
3-28-2018 Newshound Guru Kaperoni Article: "The value of the Iraqi dinar to 1197 per dollar" ...they are in compliance so they are on the clock...10 weeks or about to Article VIII. And we all know the CBI needs Article VIII to get foreign investors to Iraq...
3-28-2018 Intel Guru Bruce ...Some of the sources that we talk to have been remarkably quiet, and they have been sort of under a gag order...we have had before from Iraq, but not to the extent we have seen it yesterday and today...The budget was in the so called digital version of the Gazette Saturday. It has been out. The printed version however has not been put out. We heard today it is to be revealed tomorrow [Wednesday] in the Gazette in Iraq...It may be something that has to happen for us to go... We know from our Iraqi contacts the Qi cards, the one I know about have been activated and shows a nice rate in that account for the Iraq dinar, a very good screen rate...it is a good strong rate and it would be a good rate even for an exchange... As far as I can tell we are in a really good window for this to roll out. One of our bank sources on Monday said the next couple of days, that would be Tuesday and Wednesday, will be monumental...We can all imagine what that might mean. I just going to say everything is very positive right now and pointing to this going in our favor. I believe we are about to see the blessing come into fruitition.
3-28-2018 Newshound Guru Adam Montana It’s been a very interesting week, if you ask me! And the coming days should also be interesting. Last week I talked about the upcoming Parliament meeting where we might see the HCL addressed...That Parliament meeting I discussed is set for TOMORROW, Thursday 29th of March.There is actually a LOT of HCL related news going on right now - too much to even list it all here! We also have the end of Q1 at the end of this month, and we’re in a 15 day window on the Budget. SERIOUSLY, FOLKS! This is getting gooooooood...
3-28-2018 Newshound Guru G-Lin Article: "Venezuela to delete three zeros from its currency and Iraq is still afraid of "circumvention" Quote: "The deletion of zeros not because of the value of the dinar, but for the purpose of tightening and improve the performance of banknotes and reducing the use of the dollar locally in circulation and exchange and storage value and standardize the size of banknotes..." I like this art. They are comparing the dinar against the Bolivar, and there is no comparison at all, Iraq has low inflation and nice high reserves and is much stronger economically than Venezuela. But they are still talking about deleting the 0's in Iraq. And the last paragraph [see quote] says it all. IMO it has lower denoms written all over it. Reduce the note count, use the dinar instead of dollar, exchange and storage value and standardize the size of banknotes. Remember there is no rv in country only outside of country. Us. :} Iraqi will benefit with a stronger purchasing power...
3-28-2018 Intel Guru Dr. Clarke Again, this is WHY we printed what we printed...in our 3-26-18 Post [reference Dr. Clarke post 3-27-2018] ...but you have to read it carefully. CAREFULLY. ADD TO THAT...the U.S. status: Budget signed. OIL rising in markets worldwide over $70 (we told you this way back last year - they want it at $90 by yr. end), Crooks being brought to justice...Gold? Silver? Crypto’s?...Iran’s currency tumbled yesterday (we told you that last year also). Vietnam is setting records ( we told you that from the beginning)...and more. WE’RE RIGHT THERE FOLKS. Are our “IL-LOGICAL” Opinions clear Today? [post 2 of 2]
3-28-2018 Intel Guru Dr. Clarke Where are We At NOW? If you haven’t noticed by now after all these years - this thing CHANGES IN A MOMENT’S NOTICE. WHY? Because it’s BIG. It’s too Important to hundreds of Millions of people. Yes, hundreds of Millions, on EVERY CONTINENT ON THIS GLOBE. The GOOD NEWS, is that all the groundwork has been laid, and is pretty much over. For Instance, when was the last time the country of Iraq, actually COMPLETED a BUDGET & made it Public into LAW? How about NEVER ever before? Well, they just did, and it’s about to be OFFICIAL. That word we keep Powerfully emphasizing. OFFICIAL.That ONE THING alone, should tell you, where this thing is at, compared to the past 15 years. [post 1 of 2....stay tuned]
3-28-2018 Newshound Guru Don961 Article: "Parliamentary oil: the agreement between Russia and Saudi Arabia on production will revive the Iraqi economy" Quote: ..."the increase in international oil prices reflect positively on the Iraqi economy because it depends on the sale of oil in the provision of budget funds on a basis." "Any increase in the country's financial imports will support the budget, reduce the deficit and increase the cash reserves of the Central Bank of Iraq,"... Hmm...higher oil prices increase cash reserves in the CBI...why that may also inadvertently raise the value of the floating currency in the markets...heard something about this on a CC somewhere...is this part of a master plan? ...are things lining up and falling into place for a reason?...imo.
3-28-2018 Intel Guru Delta Article: "The value of the dinar rose to 1197 per dollar" Quote: "The value of the Iraqi dinar against the dollar rose Wednesday by more than 0.41%. At 12:06 am Baghdad time, the dollar exchange rate against the dinar per 100 dollars was 119,750 dinars, while the asking price was 120.750 dinars per 100 dollars." THIS IS SO HUGE I WAS WAITING FOR IT TO DROP BELOW 1200...
3-28-2018 Newshound Guru Kaperoni Article: "The value of the Iraqi dinar to 1197 per dollar" ...they are in compliance so they are on the clock...10 weeks or about to Article VIII. And we all know the CBI needs Article VIII to get foreign investors to Iraq...
3-28-2018 Intel Guru Bruce ...Some of the sources that we talk to have been remarkably quiet, and they have been sort of under a gag order...we have had before from Iraq, but not to the extent we have seen it yesterday and today...The budget was in the so called digital version of the Gazette Saturday. It has been out. The printed version however has not been put out. We heard today it is to be revealed tomorrow [Wednesday] in the Gazette in Iraq...It may be something that has to happen for us to go... We know from our Iraqi contacts the Qi cards, the one I know about have been activated and shows a nice rate in that account for the Iraq dinar, a very good screen rate...it is a good strong rate and it would be a good rate even for an exchange... As far as I can tell we are in a really good window for this to roll out. One of our bank sources on Monday said the next couple of days, that would be Tuesday and Wednesday, will be monumental...We can all imagine what that might mean. I just going to say everything is very positive right now and pointing to this going in our favor. I believe we are about to see the blessing come into fruitition.
3-28-2018 Newshound Guru Adam Montana It’s been a very interesting week, if you ask me! And the coming days should also be interesting. Last week I talked about the upcoming Parliament meeting where we might see the HCL addressed...That Parliament meeting I discussed is set for TOMORROW, Thursday 29th of March.There is actually a LOT of HCL related news going on right now - too much to even list it all here! We also have the end of Q1 at the end of this month, and we’re in a 15 day window on the Budget. SERIOUSLY, FOLKS! This is getting gooooooood...
3-28-2018 Newshound Guru G-Lin Article: "Venezuela to delete three zeros from its currency and Iraq is still afraid of "circumvention" Quote: "The deletion of zeros not because of the value of the dinar, but for the purpose of tightening and improve the performance of banknotes and reducing the use of the dollar locally in circulation and exchange and storage value and standardize the size of banknotes..." I like this art. They are comparing the dinar against the Bolivar, and there is no comparison at all, Iraq has low inflation and nice high reserves and is much stronger economically than Venezuela. But they are still talking about deleting the 0's in Iraq. And the last paragraph [see quote] says it all. IMO it has lower denoms written all over it. Reduce the note count, use the dinar instead of dollar, exchange and storage value and standardize the size of banknotes. Remember there is no rv in country only outside of country. Us. :} Iraqi will benefit with a stronger purchasing power...
3-28-2018 Intel Guru Dr. Clarke Again, this is WHY we printed what we printed...in our 3-26-18 Post [reference Dr. Clarke post 3-27-2018] ...but you have to read it carefully. CAREFULLY. ADD TO THAT...the U.S. status: Budget signed. OIL rising in markets worldwide over $70 (we told you this way back last year - they want it at $90 by yr. end), Crooks being brought to justice...Gold? Silver? Crypto’s?...Iran’s currency tumbled yesterday (we told you that last year also). Vietnam is setting records ( we told you that from the beginning)...and more. WE’RE RIGHT THERE FOLKS. Are our “IL-LOGICAL” Opinions clear Today? [post 2 of 2]
3-28-2018 Intel Guru Dr. Clarke Where are We At NOW? If you haven’t noticed by now after all these years - this thing CHANGES IN A MOMENT’S NOTICE. WHY? Because it’s BIG. It’s too Important to hundreds of Millions of people. Yes, hundreds of Millions, on EVERY CONTINENT ON THIS GLOBE. The GOOD NEWS, is that all the groundwork has been laid, and is pretty much over. For Instance, when was the last time the country of Iraq, actually COMPLETED a BUDGET & made it Public into LAW? How about NEVER ever before? Well, they just did, and it’s about to be OFFICIAL. That word we keep Powerfully emphasizing. OFFICIAL.That ONE THING alone, should tell you, where this thing is at, compared to the past 15 years. [post 1 of 2....stay tuned]
3-28-2018 Newshound Guru Don961 Article: "Parliamentary oil: the agreement between Russia and Saudi Arabia on production will revive the Iraqi economy" Quote: ..."the increase in international oil prices reflect positively on the Iraqi economy because it depends on the sale of oil in the provision of budget funds on a basis." "Any increase in the country's financial imports will support the budget, reduce the deficit and increase the cash reserves of the Central Bank of Iraq,"... Hmm...higher oil prices increase cash reserves in the CBI...why that may also inadvertently raise the value of the floating currency in the markets...heard something about this on a CC somewhere...is this part of a master plan? ...are things lining up and falling into place for a reason?...imo.
3-27-2018 Newshound Guru Stryker Suitable Environment for a Revaluation? Reserves are up to $51 billion and $71 billion debt is still within reasonable rates...Central Bank’s plan to modernize the currency in circulation and the deletion of zeros...
3-27-2018 Newshound Guru Kaperoni [Is there any time in the imf history that they waived the 90 day rule before?] No idea... But the rule is clearly in print.
3-27-2018 Newshound Guru Whitelions [...will the auctions end by the end of the month like they said in December?] ...I stopped watching them years ago because they will happen right up to the point of the change in value until then they will go up and they will go down ...thats what they do...
3-27-2018 Intel Guru Dr. Clarke Historically, it ALWAYS MEANS (and we've tracked this): "30 TO 60 DAYS" from when they said it...Days are always, actually WEEKS, to the Iraq Timetable. What they're telling you, is "We DON'T want to Tell You"...it will be "Someday", but count on 30 to 60, because that's our Pattern, our Habit, our Intention. REMEMBER, Iraq is Not acting alone, so it just isn't THEM, making these decisions on the TIMING & VALUE of their currency moves. So, that's why we say, what we say. So, what do WE Think? "They gotta do something VERY SOON...if not, "In the Coming Days". Let's "SEE" if "THEY" can pull off a "MAJOR MIRACLE"? We think it's "Possible", but Highly Unlikely. P.S. "THERE ARE NO GUARANTEES IN LIFE" NONE. OH, and we seriously doubt that the Substantially Increased Rate Value, is found ANYWHERE, in Iraq's 2018 Budget. In our IL-LOGICAL Opinion. [post 2 of 2]
3-27-2018 Intel Guru Dr. Clarke It would be a "MAJOR MIRACLE", if Iraq Officially & Publicly, Substantially increased the Value of their Dinar, On or Before, Sunday, APRIL 1, 2018. We know NOTHING beyond that Date. 30...DAYS following, would NOT surprise us one bit. But then again, Fridays are always our Most Favorite Day...and of course, Iraq & the Middle East NEVER do (on time) what they "SAY" they're going to do. (and very few other governments & agencies, for that matter) There's ONE little piece of information that EVERYONE ALWAYS keeps forgetting the meaning of, THAT IS SO BIG, which we have DEFINED on 3 other occasions: "In the Coming Days". 2 Weeks ago, Iraq publicized that the Lower Denominations were going to be distributed within the "Coming Days". REMEMBER what we always say about the consistency of Iraq, when they say, "In the Coming Days"? [post 1 of 2....stay tuned]
3-27-2018 Intel Guru Frank26 ...IT IS EASY TO SEE ALL IS SET FOR THE RI. IT IS THE DATE...WE DO NOT KNOW NOR OFFER AS AN OPINION...
3-27-2018 Newshound Guru Kaperoni I think it was stated yesterday that 60 trillion dinar exists outside the banking system (under beds, couches etc.) Reducing the money supply has to occur over time. IMO it will occur while they are floating the dinar. I am expecting IMF Article VIII sometime between June -August and a float to begin as investors bring capital into Iraq thereafter. ...Until they can get their profits out, no investors will come. Article VIII offers that ability. And that is why the IMF made it so clear in the Article IV Consultation...."Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of MCPs and restrictions for current international transactions and thus facilitate creation of a favorable business climate." ...Improving some laws is a must, but IMO Iraq has the laws to begin investment in a private sector.
3-27-2018 Newshound/Intel Guru BGG The more important thing to note is, his reasoning for it not being done yet. It sounds an awful lot like they are wanting more controls in place and some kind of campaign out there so people don’t get taken advantage of during the transition. This doesn’t sound like a float? I’m not taking a side – I’m just commenting on what I see here. In fact, if I had to go by the indicators over the last month or two, I would say I could easily see a scenario where they raise the value gradually over some period of time. Then this comes out. I’m not exactly sure what to make of it. It is most interesting. [post 2 of 2]
3-27-2018 Newshound/Intel Guru BGG Article: "Iraq’s debt is $ 71 billion" We got a couple of very exciting pieces of news yesterday [reference BGG posts 3-25/26-2018] and now this. ...It has been quite some time since we have seen so much as a reference to the “Deleting of the Zeros” project and then BOOM. There it is. However, a strong word of caution… In context, this appears to be some kind of budget / reporting / financial meeting with Alak simply mentioning this subject as one of the topics. Be careful when assuming his mere mention of the subject means “an RV is imminent”. He is simply affirming what we have been speculating on all along. It is a subject. They are aware of it…we are aware of it. [post 1 of 2...stay tuned]
3-27-2018 Newshound Guru Kaperoni [Is there any time in the imf history that they waived the 90 day rule before?] No idea... But the rule is clearly in print.
3-27-2018 Newshound Guru Whitelions [...will the auctions end by the end of the month like they said in December?] ...I stopped watching them years ago because they will happen right up to the point of the change in value until then they will go up and they will go down ...thats what they do...
3-27-2018 Intel Guru Dr. Clarke Historically, it ALWAYS MEANS (and we've tracked this): "30 TO 60 DAYS" from when they said it...Days are always, actually WEEKS, to the Iraq Timetable. What they're telling you, is "We DON'T want to Tell You"...it will be "Someday", but count on 30 to 60, because that's our Pattern, our Habit, our Intention. REMEMBER, Iraq is Not acting alone, so it just isn't THEM, making these decisions on the TIMING & VALUE of their currency moves. So, that's why we say, what we say. So, what do WE Think? "They gotta do something VERY SOON...if not, "In the Coming Days". Let's "SEE" if "THEY" can pull off a "MAJOR MIRACLE"? We think it's "Possible", but Highly Unlikely. P.S. "THERE ARE NO GUARANTEES IN LIFE" NONE. OH, and we seriously doubt that the Substantially Increased Rate Value, is found ANYWHERE, in Iraq's 2018 Budget. In our IL-LOGICAL Opinion. [post 2 of 2]
3-27-2018 Intel Guru Dr. Clarke It would be a "MAJOR MIRACLE", if Iraq Officially & Publicly, Substantially increased the Value of their Dinar, On or Before, Sunday, APRIL 1, 2018. We know NOTHING beyond that Date. 30...DAYS following, would NOT surprise us one bit. But then again, Fridays are always our Most Favorite Day...and of course, Iraq & the Middle East NEVER do (on time) what they "SAY" they're going to do. (and very few other governments & agencies, for that matter) There's ONE little piece of information that EVERYONE ALWAYS keeps forgetting the meaning of, THAT IS SO BIG, which we have DEFINED on 3 other occasions: "In the Coming Days". 2 Weeks ago, Iraq publicized that the Lower Denominations were going to be distributed within the "Coming Days". REMEMBER what we always say about the consistency of Iraq, when they say, "In the Coming Days"? [post 1 of 2....stay tuned]
3-27-2018 Intel Guru Frank26 ...IT IS EASY TO SEE ALL IS SET FOR THE RI. IT IS THE DATE...WE DO NOT KNOW NOR OFFER AS AN OPINION...
3-27-2018 Newshound Guru Kaperoni I think it was stated yesterday that 60 trillion dinar exists outside the banking system (under beds, couches etc.) Reducing the money supply has to occur over time. IMO it will occur while they are floating the dinar. I am expecting IMF Article VIII sometime between June -August and a float to begin as investors bring capital into Iraq thereafter. ...Until they can get their profits out, no investors will come. Article VIII offers that ability. And that is why the IMF made it so clear in the Article IV Consultation...."Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of MCPs and restrictions for current international transactions and thus facilitate creation of a favorable business climate." ...Improving some laws is a must, but IMO Iraq has the laws to begin investment in a private sector.
3-27-2018 Newshound/Intel Guru BGG The more important thing to note is, his reasoning for it not being done yet. It sounds an awful lot like they are wanting more controls in place and some kind of campaign out there so people don’t get taken advantage of during the transition. This doesn’t sound like a float? I’m not taking a side – I’m just commenting on what I see here. In fact, if I had to go by the indicators over the last month or two, I would say I could easily see a scenario where they raise the value gradually over some period of time. Then this comes out. I’m not exactly sure what to make of it. It is most interesting. [post 2 of 2]
3-27-2018 Newshound/Intel Guru BGG Article: "Iraq’s debt is $ 71 billion" We got a couple of very exciting pieces of news yesterday [reference BGG posts 3-25/26-2018] and now this. ...It has been quite some time since we have seen so much as a reference to the “Deleting of the Zeros” project and then BOOM. There it is. However, a strong word of caution… In context, this appears to be some kind of budget / reporting / financial meeting with Alak simply mentioning this subject as one of the topics. Be careful when assuming his mere mention of the subject means “an RV is imminent”. He is simply affirming what we have been speculating on all along. It is a subject. They are aware of it…we are aware of it. [post 1 of 2...stay tuned]
3-26-2018 Newshound Guru G-Lin Article: "Iraq's debt is $ 71 billion" Quote: "deleting zeros from the currency is ready but needs a suitable environment for its implementation." That is good news. It is ready. For the last few weeks I have been looking high and low for a delete the 0's art. With the spread coming together the way that it has, I just felt we might see a delete art. ...Finally I'm excited again. I saw a poll conducted in Iraq on popularity of the next P.M. and Abadi is favored to win by over 70%. Of course you never know but I think the closer we get to the elections we could see some arrest warrants issued. Clamp down on some of the corruption and bam. That may be the only timing we are waiting for. I'm pretty sure Interpol is ready to freeze accounts of the whales. That might be all it takes to accommodate the deletion of 0's. I feel the banks are ready and they are really pushing their in country products for exporting. If they are not currently ready, they are close. As usual this is just my opinion. Don't quit your day job just yet. About all I can say is WOO the hell HOO!!
3-26-2018 Intel Guru RayRen98 [What is the status of the lower denominations...] The lower denominations have been in the banks since last month – we heard that from three separate bankers in Iraq. The lower denoms have been in the ATMs for a month or more. They have not been released because we are still waiting on the RI/RV; they will be released as soon as the RV is announced.
3-26-2018 Intel Guru Bluwolf ...this whole rv deal should of been over and we should off exchanged by now...but Washington controls what your media feeds you, it controls what the banks and the military is to do, and to the when that they may do so..."we are on the highest of all alerts..."
3-26-2018 Newshound Guru Whitelions [new Guru] ...there are people looking for connections and triggers but there are none...What I'm trying to show you is they are working to rebuild Iraq and they are doing it a step at a time and they are telling who ever wants to look how they are doing it... [Not IF but WHEN is what im looking for...too many indicators showing it will happen.] ...they want the world to see them while they are doing the rebuilding... Abadi knows he has one shot at this so he wants to do it right...there is NO trigger...they will come to a point where they have all the ducks in a row and change the value...no fan fare...just a change.
3-26-2018 Newshound Guru chattels The dollar is stabilizing today in Iraq "The market price in the Kifah Stock Exchange in Baghdad was 1210 dinars per dollar, or 121 thousand dinars for one hundred dollars."
3-26-2018 Intel Guru Frank26 I STRONGLY BELIEVE THE RI IS COMING...JUST DO NOT KNOW...WHEN. I TAKE GREAT JOY IN THAT BECAUSE IT IS NO LONGER A QUESTION OF...IF.
3-26-2018 Newshound/Intel Guru BGG Article: "Masoum endorses the law of the Iraqi National Oil Company" Quote: "The Information Office of the Presidency of the Republic, announced on Sunday that Fuad Masoum Sadiq today ratified the law of the Iraqi National Oil Company." I think we can safely say – (so far) this one and the other one about the UN indictments are the big news for the day. [reference BGG post 3-25-2018]
3-26-2018 Newshound Guru tlm724 Article: "Iraqis lose 77% of the value of their money in the Hoarding" It's time for Iraq to make some serious changes in banking and gaining the confidence of the people. Stop the auctions and make the Dinar the star!
3-26-2018 Intel Guru RayRen98 [What is the status of the lower denominations...] The lower denominations have been in the banks since last month – we heard that from three separate bankers in Iraq. The lower denoms have been in the ATMs for a month or more. They have not been released because we are still waiting on the RI/RV; they will be released as soon as the RV is announced.
3-26-2018 Intel Guru Bluwolf ...this whole rv deal should of been over and we should off exchanged by now...but Washington controls what your media feeds you, it controls what the banks and the military is to do, and to the when that they may do so..."we are on the highest of all alerts..."
3-26-2018 Newshound Guru Whitelions [new Guru] ...there are people looking for connections and triggers but there are none...What I'm trying to show you is they are working to rebuild Iraq and they are doing it a step at a time and they are telling who ever wants to look how they are doing it... [Not IF but WHEN is what im looking for...too many indicators showing it will happen.] ...they want the world to see them while they are doing the rebuilding... Abadi knows he has one shot at this so he wants to do it right...there is NO trigger...they will come to a point where they have all the ducks in a row and change the value...no fan fare...just a change.
3-26-2018 Newshound Guru chattels The dollar is stabilizing today in Iraq "The market price in the Kifah Stock Exchange in Baghdad was 1210 dinars per dollar, or 121 thousand dinars for one hundred dollars."
3-26-2018 Intel Guru Frank26 I STRONGLY BELIEVE THE RI IS COMING...JUST DO NOT KNOW...WHEN. I TAKE GREAT JOY IN THAT BECAUSE IT IS NO LONGER A QUESTION OF...IF.
3-26-2018 Newshound/Intel Guru BGG Article: "Masoum endorses the law of the Iraqi National Oil Company" Quote: "The Information Office of the Presidency of the Republic, announced on Sunday that Fuad Masoum Sadiq today ratified the law of the Iraqi National Oil Company." I think we can safely say – (so far) this one and the other one about the UN indictments are the big news for the day. [reference BGG post 3-25-2018]
3-26-2018 Newshound Guru tlm724 Article: "Iraqis lose 77% of the value of their money in the Hoarding" It's time for Iraq to make some serious changes in banking and gaining the confidence of the people. Stop the auctions and make the Dinar the star!
3-25-2018 Intel Guru RayRen98 The World Bank is extending it's full support to Iraq for their reconstruction efforts. The Budget Law is anticipated to be posted this week in the midst of stifling efforts by members of Parliament and other political leaders. Iraqi TV is reporting civil unrest of Kurdish teachers protesting not getting paid even though the Kurdistan Region has received payment from Baghdad.
3-25-2018 Newshound/Intel Guru BGG Article: "International arrest warrants for hundreds of “corrupt” Iraqis, including a former prime minister!!" For those concerned this won’t include Maliki… this may not be the case. The language – “a former Prime Minister” was included in the news release. This could mean Maliki, or it could mean Allawi or “what’s his face…” – Jaafari, I think, who was in the Oil Ministry. He was interim PM for like a year back in the early 2000’s… It also points out Abadi is considering whether to allow the UN to proceed before the elections or after. I have a suspicion there is pressure being put on him over this. It may well be out of his hands soon.
3-25-2018 Newshound Guru Kaperoni The auctions have been between $170 and $201 million per day the last 3 weeks. Yes that is high but the result is compliance with the IMF. The reserves will drop if this continued for months and...we will see the CBI write the letter for Article VIII as soon as they are allowed. Remember the IMF also wants them in Article VIII.
3-25-2018 Intel Guru RayRen98 Iraqi TV has the following information scrolling along the bottom of television screens...The National Oil Law has been officially ratified and will be published in the Gazette right away. Approximately 1,000 arrest warrants for corruption by political leaders, including former Prime Minister Maliki, have been issued today. Article: "URGENT The President of the Republic approves the law of the Iraqi National Oil Company" Quote: "The statement added that "this law was sent for publication in the Official Gazette" Article: "International" arrest warrants for hundreds of "corrupt" Iraqis, including a former prime minister"
3-25-2018 Newshound Guru Kaperoni Article quote: "The dollar witnessed the exchange rate of the dinar against a significant decline recently due to increased selling hard currency at the central bank auction rate as sales exceeded $ 250 million per day after it was more than $ 130 million in the past years. ...I cannot recall ever seeing an article stating that sales was over $200 million in a day. And with the IMF and UST helping them reduce the spread I find it unlikely that this is not closely watched.
3-25-2018 Newshound/Intel Guru BGG Article: "International arrest warrants for hundreds of “corrupt” Iraqis, including a former prime minister!!" For those concerned this won’t include Maliki… this may not be the case. The language – “a former Prime Minister” was included in the news release. This could mean Maliki, or it could mean Allawi or “what’s his face…” – Jaafari, I think, who was in the Oil Ministry. He was interim PM for like a year back in the early 2000’s… It also points out Abadi is considering whether to allow the UN to proceed before the elections or after. I have a suspicion there is pressure being put on him over this. It may well be out of his hands soon.
3-25-2018 Newshound Guru Kaperoni The auctions have been between $170 and $201 million per day the last 3 weeks. Yes that is high but the result is compliance with the IMF. The reserves will drop if this continued for months and...we will see the CBI write the letter for Article VIII as soon as they are allowed. Remember the IMF also wants them in Article VIII.
3-25-2018 Intel Guru RayRen98 Iraqi TV has the following information scrolling along the bottom of television screens...The National Oil Law has been officially ratified and will be published in the Gazette right away. Approximately 1,000 arrest warrants for corruption by political leaders, including former Prime Minister Maliki, have been issued today. Article: "URGENT The President of the Republic approves the law of the Iraqi National Oil Company" Quote: "The statement added that "this law was sent for publication in the Official Gazette" Article: "International" arrest warrants for hundreds of "corrupt" Iraqis, including a former prime minister"
3-25-2018 Newshound Guru Kaperoni Article quote: "The dollar witnessed the exchange rate of the dinar against a significant decline recently due to increased selling hard currency at the central bank auction rate as sales exceeded $ 250 million per day after it was more than $ 130 million in the past years. ...I cannot recall ever seeing an article stating that sales was over $200 million in a day. And with the IMF and UST helping them reduce the spread I find it unlikely that this is not closely watched.
3-24-2018 Newshound/Intel Guru Mnt Goat Article: "THE PRESIDENCY INVITED THE PARLIAMENTARY BLOCS TO A MEETING ON 29 TO VOTE ON THE PENDING IMPORTANT LAWS" ...note he did not say they are going to do it, but rather he said they were “invited” to do it. So let’s see if it really happens.
3-24-2018 Intel Guru RayRen98 Abadi informs that all contractors will be given treasury bonds to pay their debts. Abadi indicated that all employees of all regions will be paid next week. Iraqi TV was reporting that a new date of March 27 (instead of March 29) was announced for Parliament to meet in-session and complete the votes on the 20 remaining laws. This two-day shift up provides a buffer for Abadi to react by March 29 if a quorum is not established at the March 27 session.
3-24-2018 Newshound Guru sandyf Talks with WTO stalled because the Kurds would not toe the line but things are changing and we may see some movement on that shortly.
3-24-2018 Newshound/Intel Guru Mnt Goat Article quote: "Warka clients are now permitted to purchase Warka stock from the funds now deposited in their bank accounts participating in the capital increase in accordance with the banking laws." ...This is nothing more than the bank selling stock to increase capital in their own bank. The stock is selling for less than a penny USD. Yes if they sell a lot of it and the IQD does get revalued the bank stands to make a ton of money.
3-24-2018 Newshound Guru Kaperoni There is enough evidence from various news articles over the last month to imply the CBI is now in compliance with the IMF. The clock is now ticking. And to boltster my view, the CBI is selling $180+ million at auction per day. It is my view that the CBI will write a letter to the IMF asking for acceptance into Article VIII sometime around June 2018. This also coincides with an article that they want to end the auctions. I could be wrong and they could wait longer but that makes little sense with the continuing auction amount exceeding $180 million each day. 3 reasons, they said they want to end the auctions, the IMF made it clear Article VIII sends a positive messege to investors, and selling $180 million + will drain reserves.
3-24-2018 Newshound Guru sandyf ...the new oil and gas law the same thing as the HCL? - Yes it is. You will never see the Hydrocarbon law pass through the Iraqi parliament, they only refer to it as oil and gas law.
3-24-2018 Intel Guru RayRen98 Abadi informs that all contractors will be given treasury bonds to pay their debts. Abadi indicated that all employees of all regions will be paid next week. Iraqi TV was reporting that a new date of March 27 (instead of March 29) was announced for Parliament to meet in-session and complete the votes on the 20 remaining laws. This two-day shift up provides a buffer for Abadi to react by March 29 if a quorum is not established at the March 27 session.
3-24-2018 Newshound Guru sandyf Talks with WTO stalled because the Kurds would not toe the line but things are changing and we may see some movement on that shortly.
3-24-2018 Newshound/Intel Guru Mnt Goat Article quote: "Warka clients are now permitted to purchase Warka stock from the funds now deposited in their bank accounts participating in the capital increase in accordance with the banking laws." ...This is nothing more than the bank selling stock to increase capital in their own bank. The stock is selling for less than a penny USD. Yes if they sell a lot of it and the IQD does get revalued the bank stands to make a ton of money.
3-24-2018 Newshound Guru Kaperoni There is enough evidence from various news articles over the last month to imply the CBI is now in compliance with the IMF. The clock is now ticking. And to boltster my view, the CBI is selling $180+ million at auction per day. It is my view that the CBI will write a letter to the IMF asking for acceptance into Article VIII sometime around June 2018. This also coincides with an article that they want to end the auctions. I could be wrong and they could wait longer but that makes little sense with the continuing auction amount exceeding $180 million each day. 3 reasons, they said they want to end the auctions, the IMF made it clear Article VIII sends a positive messege to investors, and selling $180 million + will drain reserves.
3-24-2018 Newshound Guru sandyf ...the new oil and gas law the same thing as the HCL? - Yes it is. You will never see the Hydrocarbon law pass through the Iraqi parliament, they only refer to it as oil and gas law.
3-23-2018 Newshound Guru Kaperoni Article: "Economist: banks must be converted to bridges for the development of offices not to money laundering and smuggling" Quote: "...there is a need to reform the banking system and enact deterrent laws for the reform of the banking system in the country..." What he is really saying is its time to open the banking system to the world so investors can participate in the reconstruction of Iraq.
3-23-2018 Newshound/Intel Guru Mnt Goat Iraqi TV is broadcasting that Parliament will hold its last session on March 29 WHERE THEY INTEND to pass ALL remaining laws. No sessions are anticipated in April due to preparations for the May elections. ...let’s hope they get this reinstatement done prior to the elections. We know anything can happen during and around election time.
3-23-2018 Newshound Guru Kaperoni By the way, the last Article IV came out in August (which is usually held a few months prior) which if its the same time this year would be a good time to transition. Time will tell. I will also add that Article VIII is not something the CBI can wait on. Remember the IMF stated a few times (the last Article IV Consultation and at least another time during these reforms) that moving towards "acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community..." [post 2 of 2]
3-23-2018 Newshound Guru Kaperoni Article: "The exchange rate of the dollar and gold in Iraq on Thursday" Quote: "According to the figures in the "Economy News" sell the dollar in Baghdad today recorded 121 thousand and 250 purchase price 122.25 thousand dinars per dollar per cent." 1212 to $1 not bad. [...others...say it is really at over 1250+.] ...there are way to many articles from Iraq indicating otherwise. The auctions are to big right now ($180 million +) starting about a month ago, and article after article states the dinar is stronger now. ...I believe the CBI is 1215 or less but hard to prove without actual CBI documents. I tend to think we are in compliance for a few weeks. All we can do is let it play out and see come June if the CBI asks the IMF for Article VIII. I tend to think they will with auctions over $180 million a day (they want to end them), they want to move forward and begin to encourage investment. [post 1 of 2....stay tuned]
3-23-2018 Intel Guru RayRen98 We have the rates for all the currencies; last week they weren’t on the screens, that’s all. Dong = 47 cents, rupiah = $1.08, Afghani = $2.39, rial = $3.22, dinar = $3.71. These are the most consistent rates we have seen over the last few months.
3-23-2018 Newshound/Intel Guru Mnt Goat IS HCL COMPLETED? ...the new HCL or Hydrogen Carbon Law is a law (legal policy) that is called for within the new 2005 Iraqi constitution. The USA and the IMF have been noted in saying that they will not support “full” exit of Iraq out of monetary sanctions until Iraq formalizes this law and makes it a legal and binding law and then implement it. We can see the constant tension between the GOI and the KRG resulting from not getting this law in place. I will also note that this is part of the mandate to have a fully implemented constitution. We know that the “final” exiting out of monetary sanctions will come when we see movement of the monetary policy from working under Article 14 to Article 8 of the UN Charter. Just so you know this HCL is also being called the “oil and gas law” for those not keeping up in the news. We have waited so long for the HCL and now it might finally get done?
3-23-2018 Newshound Guru Kaperoni Document "Husaain Atwan-Exchange rate gap-final" This document seems to confirm that the Market Rate has dropped considerably. 1220 to $1 by Feb 2018. We can assume it is less than that in March from auction reports printed.
3-23-2018 Newshound/Intel Guru Mnt Goat GET READY FOR THAT “BASKET” OR REMAINING LAWS. But then again how many times have we heard them tell us this already over the last 10 years? ...But also remember this too – How many times did we see the RV targeted to go – 2011, 2013, 2016 and 2017. ...Let’s hope this is it this time. But the good part is in each of these targeted dates they told us the same thing. What makes this time any different? We already witnessed the oil and gas law (HCL) get passed and is being implemented. They told us Article 140 is right around the corner too. We probably should not expect any reinstatement until at least after March 29th. Then again don’t expect them to “pull the trigger” on March 29th either...
3-23-2018 Newshound Guru Adam Montana [Now that the CBI has 'complete' control over all the banks in Iraq, the budget not being opposed and pasted, the Federal Court upholding Art.140...allowing the progress of the HCL...What's your take on the HCL...and what other factors does Iraq have to achieve in meeting their "Constitution's" compliance...] HCL. All HCL. Only HCL. Everything else is trivial. Let's see something happen on the 29th!
3-23-2018 Intel Guru Bruce ...Iraq is done and they have everything moving and shaking. They have been congratulated from a number of countries in the Middle East in having been put back on the world stage, having a currency to do business with. Iraq did put their rate in the budget in their digital Gazette yesterday. I do not know if the printed version was shown. We had all kinds of information coming in and confirmations that this was supposed to have gone down overnight last night. ...From what I understand it was in position and it was expected to. ...I don’t know what the reason is why it didn’t happen. ...Maybe the timing just was not quite right....but all the factors were in place. The military was ready to go with security. The Treasury was on board ready to go. The President was on board expecting it to happen. ...We are in a sort of any minute basis, open window...
3-23-2018 Newshound/Intel Guru Mnt Goat Iraqi TV is broadcasting that Parliament will hold its last session on March 29 WHERE THEY INTEND to pass ALL remaining laws. No sessions are anticipated in April due to preparations for the May elections. ...let’s hope they get this reinstatement done prior to the elections. We know anything can happen during and around election time.
3-23-2018 Newshound Guru Kaperoni By the way, the last Article IV came out in August (which is usually held a few months prior) which if its the same time this year would be a good time to transition. Time will tell. I will also add that Article VIII is not something the CBI can wait on. Remember the IMF stated a few times (the last Article IV Consultation and at least another time during these reforms) that moving towards "acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community..." [post 2 of 2]
3-23-2018 Newshound Guru Kaperoni Article: "The exchange rate of the dollar and gold in Iraq on Thursday" Quote: "According to the figures in the "Economy News" sell the dollar in Baghdad today recorded 121 thousand and 250 purchase price 122.25 thousand dinars per dollar per cent." 1212 to $1 not bad. [...others...say it is really at over 1250+.] ...there are way to many articles from Iraq indicating otherwise. The auctions are to big right now ($180 million +) starting about a month ago, and article after article states the dinar is stronger now. ...I believe the CBI is 1215 or less but hard to prove without actual CBI documents. I tend to think we are in compliance for a few weeks. All we can do is let it play out and see come June if the CBI asks the IMF for Article VIII. I tend to think they will with auctions over $180 million a day (they want to end them), they want to move forward and begin to encourage investment. [post 1 of 2....stay tuned]
3-23-2018 Intel Guru RayRen98 We have the rates for all the currencies; last week they weren’t on the screens, that’s all. Dong = 47 cents, rupiah = $1.08, Afghani = $2.39, rial = $3.22, dinar = $3.71. These are the most consistent rates we have seen over the last few months.
3-23-2018 Newshound/Intel Guru Mnt Goat IS HCL COMPLETED? ...the new HCL or Hydrogen Carbon Law is a law (legal policy) that is called for within the new 2005 Iraqi constitution. The USA and the IMF have been noted in saying that they will not support “full” exit of Iraq out of monetary sanctions until Iraq formalizes this law and makes it a legal and binding law and then implement it. We can see the constant tension between the GOI and the KRG resulting from not getting this law in place. I will also note that this is part of the mandate to have a fully implemented constitution. We know that the “final” exiting out of monetary sanctions will come when we see movement of the monetary policy from working under Article 14 to Article 8 of the UN Charter. Just so you know this HCL is also being called the “oil and gas law” for those not keeping up in the news. We have waited so long for the HCL and now it might finally get done?
3-23-2018 Newshound Guru Kaperoni Document "Husaain Atwan-Exchange rate gap-final" This document seems to confirm that the Market Rate has dropped considerably. 1220 to $1 by Feb 2018. We can assume it is less than that in March from auction reports printed.
3-23-2018 Newshound/Intel Guru Mnt Goat GET READY FOR THAT “BASKET” OR REMAINING LAWS. But then again how many times have we heard them tell us this already over the last 10 years? ...But also remember this too – How many times did we see the RV targeted to go – 2011, 2013, 2016 and 2017. ...Let’s hope this is it this time. But the good part is in each of these targeted dates they told us the same thing. What makes this time any different? We already witnessed the oil and gas law (HCL) get passed and is being implemented. They told us Article 140 is right around the corner too. We probably should not expect any reinstatement until at least after March 29th. Then again don’t expect them to “pull the trigger” on March 29th either...
3-23-2018 Newshound Guru Adam Montana [Now that the CBI has 'complete' control over all the banks in Iraq, the budget not being opposed and pasted, the Federal Court upholding Art.140...allowing the progress of the HCL...What's your take on the HCL...and what other factors does Iraq have to achieve in meeting their "Constitution's" compliance...] HCL. All HCL. Only HCL. Everything else is trivial. Let's see something happen on the 29th!
3-23-2018 Intel Guru Bruce ...Iraq is done and they have everything moving and shaking. They have been congratulated from a number of countries in the Middle East in having been put back on the world stage, having a currency to do business with. Iraq did put their rate in the budget in their digital Gazette yesterday. I do not know if the printed version was shown. We had all kinds of information coming in and confirmations that this was supposed to have gone down overnight last night. ...From what I understand it was in position and it was expected to. ...I don’t know what the reason is why it didn’t happen. ...Maybe the timing just was not quite right....but all the factors were in place. The military was ready to go with security. The Treasury was on board ready to go. The President was on board expecting it to happen. ...We are in a sort of any minute basis, open window...
3-22-2018 Newshound Guru Adam Montana [...Okay Adam when is the RV going to happen?...] Fingers crossed, we are almost there!
3-22-2018 Newshound Guru mike Article: "The exchange rate of the dollar against the dinar throughout Iraq" It's abundantly clear that the numbers are all over the place...there's confusion regarding the spread. Why? Because the CBI has decided to not publish the figures. Why? Who knows, but if I'm the CBI the logical thing to do is publish the spread figures which would reassure and provide additional confidence in the dinar. Why hide the success? ...The markets are providing conflicting data, the only true measure of the spread is coming from the CBI, period...The facts are the CBI's not giving us the data. Speculating, hoping and posturing that the rate is within the 2% MCP band is unwarranted without confirmation from the CBI, it's just wishful thinking.
3-22-2018 Newshound Guru Adam Montana In a word: “No”. It has been explained to me by multiple sources that banking hours are not federally mandated to be “9-5”, and in fact even if a State declares an “emergency situation” that would normally close most banks, our banks in the United States can choose to stay open or not. This also means they can operate 24 hours per day if they choose, or declare a “special situation” and grind through the night on "unusual business hours" to take advantage of a situation like this. We are not the only ones who are anticipating a profit in this venture…the banks are, too. So we can reasonably expect that if we get that call, whether it’s at 1AM or 3PM, we’re going to be looking at a timely process that enables us to cash in, the banks to profit, and business to happen. [post 2 of 2]
3-22-2018 Newshound Guru Adam Montana Here comes some speculation: The CBI will announce this perhaps a day, maybe 6 hours ahead of the opening bell… but WHICH opening bell? My guess is the one closest to their time zone, with the largest trading capacity in the world – London. Keep in mind that London is 3 hours behind Baghdad, which means 9AM in Baghdad is 6AM in London. ...the question comes up a LOT: “When will we know?” We have to take into account all major players in the FOREX market. Here are the top 6, in the order of their trading volume and the time it is in each location at 9AM Baghdad time: 1. London – GMT (6AM) 2. NYC – GMT -5 (1AM) 3. Tokyo – GMT +9 (3PM) 4. Singapore – GMT +8 (2PM) 5. Zurich – GMT +2 (8AM) 6. Hong Kong – GMT +8 (2PM)... This puts us in the U.S. in a bit of a pickle, and it’s one I’ve discussed with several CEOs that know the finer details. “What happens if the RV is announced at 9AM Baghdad time, but our banks don’t open for another 8 hours? Will that cause a problem for us?”... [post 1 of 2....stay tuned]
3-22-2018 Newshound Guru Kaperoni Article: "The exchange rate of the dollar against the dinar throughout Iraq" The...article states 1214 to $1. That is within 2%. I wouldn't expect it to vary much each day with daily auctions of 180 million +...
3-22-2018 Intel Guru Frank26 Right now the reinstatement is key; nothing else in between matters; we are waiting for the announcement of the reinstatement; what matters is the article we are waiting for...Will be 1:1 in-country; believe they are going back to Shabibi days...back to the "GLORY DAYS"...What we are seeing is a synchronized launch of two currencies (Siamese twins) IQD vs New USD...What we are see is a synchronized launch of two countries...USA and Iraq...New Day=New Beginnings=New Horizons... [post 2 of 2]
3-22-2018 Intel Guru Frank26 [via Mana'olana3] A "NEW DAY' is here...with New Beginnings.... "We did it!" Everything done 3-20-18...A prerequisite to a successful reinstatement of their currency...Platforms conducting rigorous testing of their systems; must not fail; will incur significant financial implications and ramifications, i.e. financial collapse of CBI...Platforms testing different numbers of the IQD; they don't know the true rate...Platforms testing all the decimal places. They are not testing the rates because they do not have it, yet...Platform testing, what we are seeing is not a glitch; it is not an error; from Trillions to Billions, because it is a "NEW DAY"... [post 1 of 2....stay tuned]
3-22-2018 Newshound Guru mike Article: "The exchange rate of the dollar against the dinar throughout Iraq" It's abundantly clear that the numbers are all over the place...there's confusion regarding the spread. Why? Because the CBI has decided to not publish the figures. Why? Who knows, but if I'm the CBI the logical thing to do is publish the spread figures which would reassure and provide additional confidence in the dinar. Why hide the success? ...The markets are providing conflicting data, the only true measure of the spread is coming from the CBI, period...The facts are the CBI's not giving us the data. Speculating, hoping and posturing that the rate is within the 2% MCP band is unwarranted without confirmation from the CBI, it's just wishful thinking.
3-22-2018 Newshound Guru Adam Montana In a word: “No”. It has been explained to me by multiple sources that banking hours are not federally mandated to be “9-5”, and in fact even if a State declares an “emergency situation” that would normally close most banks, our banks in the United States can choose to stay open or not. This also means they can operate 24 hours per day if they choose, or declare a “special situation” and grind through the night on "unusual business hours" to take advantage of a situation like this. We are not the only ones who are anticipating a profit in this venture…the banks are, too. So we can reasonably expect that if we get that call, whether it’s at 1AM or 3PM, we’re going to be looking at a timely process that enables us to cash in, the banks to profit, and business to happen. [post 2 of 2]
3-22-2018 Newshound Guru Adam Montana Here comes some speculation: The CBI will announce this perhaps a day, maybe 6 hours ahead of the opening bell… but WHICH opening bell? My guess is the one closest to their time zone, with the largest trading capacity in the world – London. Keep in mind that London is 3 hours behind Baghdad, which means 9AM in Baghdad is 6AM in London. ...the question comes up a LOT: “When will we know?” We have to take into account all major players in the FOREX market. Here are the top 6, in the order of their trading volume and the time it is in each location at 9AM Baghdad time: 1. London – GMT (6AM) 2. NYC – GMT -5 (1AM) 3. Tokyo – GMT +9 (3PM) 4. Singapore – GMT +8 (2PM) 5. Zurich – GMT +2 (8AM) 6. Hong Kong – GMT +8 (2PM)... This puts us in the U.S. in a bit of a pickle, and it’s one I’ve discussed with several CEOs that know the finer details. “What happens if the RV is announced at 9AM Baghdad time, but our banks don’t open for another 8 hours? Will that cause a problem for us?”... [post 1 of 2....stay tuned]
3-22-2018 Newshound Guru Kaperoni Article: "The exchange rate of the dollar against the dinar throughout Iraq" The...article states 1214 to $1. That is within 2%. I wouldn't expect it to vary much each day with daily auctions of 180 million +...
3-22-2018 Intel Guru Frank26 Right now the reinstatement is key; nothing else in between matters; we are waiting for the announcement of the reinstatement; what matters is the article we are waiting for...Will be 1:1 in-country; believe they are going back to Shabibi days...back to the "GLORY DAYS"...What we are seeing is a synchronized launch of two currencies (Siamese twins) IQD vs New USD...What we are see is a synchronized launch of two countries...USA and Iraq...New Day=New Beginnings=New Horizons... [post 2 of 2]
3-22-2018 Intel Guru Frank26 [via Mana'olana3] A "NEW DAY' is here...with New Beginnings.... "We did it!" Everything done 3-20-18...A prerequisite to a successful reinstatement of their currency...Platforms conducting rigorous testing of their systems; must not fail; will incur significant financial implications and ramifications, i.e. financial collapse of CBI...Platforms testing different numbers of the IQD; they don't know the true rate...Platforms testing all the decimal places. They are not testing the rates because they do not have it, yet...Platform testing, what we are seeing is not a glitch; it is not an error; from Trillions to Billions, because it is a "NEW DAY"... [post 1 of 2....stay tuned]
3-21-2018 Newshound Guru Adam Montana Back to the rate showing up in different places at different rates… does Google know something we don’t? It’s certainly possible, but there’s probably no way to know for sure. Another important point… there will be no RV without HCL. The timing of this Google rate thing is extremely suspect when you factor in this: Article: "March 29, the latest session of the parliament" They are specifically mentioning HCL being addressed on the 29th – 8 days from now. That’s precisely the kind of window I’d be expecting to allow the major banks and trade centers time to prepare for a massive influx of a new currency! [post 2 of 2]
3-21-2018 Newshound Guru Adam Montana OMG the RATE! Google has shown a higher than expected rate multiple times in the last couple weeks. IS THERE SOMETHING GOING ON HERE?! Google is showing a new rate! ...0.0015. To be blunt – I don’t know for sure. I have contacts that can reach into the GOI and CBI to get answers, and none of them are admitting anything right now. The one place I do NOT have contacts, go figure, is the Google itself. ...I’d love to go straight to the horse’s mouth and ask what’s causing these deviations in their shown exchange rate. I will say one thing for certain, however. NONE of the published rates, whether they are on XE, Google, Coinmill, or anywhere else...NONE of them matter until Iraq itself (via the CBI) announces that they are exchanging with foreign countries. [post 1 of 2....stay tuned]
3-21-2018 Newshound Guru mike Article: "The exchange rate of the dollar against the dinar throughout Iraq" ...they're not in compliance. Why the CBI stopped publishing the numbers is baffling but in lieu of their data, we're stuck with the stock exchange information. In principle this is like NASDAQ or the NYSE here in the US. The Basra Exchange is reporting 1247-$1 and the Arbil (Erbil) Exchange is reporting 1252-$1.
3-21-2018 Intel Guru Dr. Clarke MARCH 26th must PASS. "The Very Last Minute...still Qualifies" P.S. WHY is ALL of Iraq getting PAID in arrears, and Up-To-Date NOW...In the 3rd Week of March? "SEE" Differently. RE-Do, RE-Look, RE-Explain, RE-Search, RE-Pay, RE-Appear, RE-Sign, RE-Finance, RE-Loan, RE-Evaluate, RE-Exchange, RE-Deposit, RE-Employ, RE-Assess, RE-View, RE-Write, RE-Buy, RE-Experience...RE-EVERYTHING.
"RE-EVALUATION Season" HAPPY SPRING!
3-21-2018 Newshound Guru MilitiaMan Article: "Abadi: We have launched the financial allocations for all governorates" Quotes: "The central government has launched all financial allocations for all provinces as stipulated in the federal budget for 2018,..." ..."it is necessary to monitor the distribution of salaries to the staff of the region after the launch on Sunday." They Launched it on Sunday. They paid them yesterday and today. They called for Holiday Thursday...Go figure about the timing...Everything we have learned to date is coming to completion.. eos imo ~ HCL, 140, Budget, etc...the list goes on!
3-21-2018 Intel Guru Bruce From that aspect Iraq is complete and they have the lower denominations in the ATMs for awhile now...They have some plans to use the coins, the fils. Those coins will be a hard currency and they will be able to use those here very shortly. I do not know if that is in play or about to be in play possibly starting tomorrow [Wednesday]. That is one other sign to show Iraq is done and ready to go and be an international player with their currency which is great...Don’t worry about the rates. The rates are great...We will see how it shakes out the next couple of days. I feel good still about this week. [post 2 of 2]
3-21-2018 Intel Guru Bruce It is not wise for me to call it on any particular day, but I do like sort of what I am hearing between tomorrow and the rest of the week...Hearing some good things about documentation being signed off. Hearing things about in Iraq of everything what we were looking for which was the budget, the oil and gas law, and the rate be put in the budget...That happened by default over Sunday. So more than likely at least that maybe will hit the printed version of the Gazette tomorrow [Wednesday]. It doesn’t really matter to us if it does or not because Iraq is ready. The Qi cards are activated and the rate is on the cards. We know what it is and the in country rate is great... [post 1 of 2....stay tuned]
3-21-2018 Intel/Newshound Guru tman23 next 12 days just became very interesting...with regards to IQD possibilities of speculation...
3-21-2018 Newshound Guru Adam Montana OMG the RATE! Google has shown a higher than expected rate multiple times in the last couple weeks. IS THERE SOMETHING GOING ON HERE?! Google is showing a new rate! ...0.0015. To be blunt – I don’t know for sure. I have contacts that can reach into the GOI and CBI to get answers, and none of them are admitting anything right now. The one place I do NOT have contacts, go figure, is the Google itself. ...I’d love to go straight to the horse’s mouth and ask what’s causing these deviations in their shown exchange rate. I will say one thing for certain, however. NONE of the published rates, whether they are on XE, Google, Coinmill, or anywhere else...NONE of them matter until Iraq itself (via the CBI) announces that they are exchanging with foreign countries. [post 1 of 2....stay tuned]
3-21-2018 Newshound Guru mike Article: "The exchange rate of the dollar against the dinar throughout Iraq" ...they're not in compliance. Why the CBI stopped publishing the numbers is baffling but in lieu of their data, we're stuck with the stock exchange information. In principle this is like NASDAQ or the NYSE here in the US. The Basra Exchange is reporting 1247-$1 and the Arbil (Erbil) Exchange is reporting 1252-$1.
3-21-2018 Intel Guru Dr. Clarke MARCH 26th must PASS. "The Very Last Minute...still Qualifies" P.S. WHY is ALL of Iraq getting PAID in arrears, and Up-To-Date NOW...In the 3rd Week of March? "SEE" Differently. RE-Do, RE-Look, RE-Explain, RE-Search, RE-Pay, RE-Appear, RE-Sign, RE-Finance, RE-Loan, RE-Evaluate, RE-Exchange, RE-Deposit, RE-Employ, RE-Assess, RE-View, RE-Write, RE-Buy, RE-Experience...RE-EVERYTHING.
"RE-EVALUATION Season" HAPPY SPRING!
3-21-2018 Newshound Guru MilitiaMan Article: "Abadi: We have launched the financial allocations for all governorates" Quotes: "The central government has launched all financial allocations for all provinces as stipulated in the federal budget for 2018,..." ..."it is necessary to monitor the distribution of salaries to the staff of the region after the launch on Sunday." They Launched it on Sunday. They paid them yesterday and today. They called for Holiday Thursday...Go figure about the timing...Everything we have learned to date is coming to completion.. eos imo ~ HCL, 140, Budget, etc...the list goes on!
3-21-2018 Intel Guru Bruce From that aspect Iraq is complete and they have the lower denominations in the ATMs for awhile now...They have some plans to use the coins, the fils. Those coins will be a hard currency and they will be able to use those here very shortly. I do not know if that is in play or about to be in play possibly starting tomorrow [Wednesday]. That is one other sign to show Iraq is done and ready to go and be an international player with their currency which is great...Don’t worry about the rates. The rates are great...We will see how it shakes out the next couple of days. I feel good still about this week. [post 2 of 2]
3-21-2018 Intel Guru Bruce It is not wise for me to call it on any particular day, but I do like sort of what I am hearing between tomorrow and the rest of the week...Hearing some good things about documentation being signed off. Hearing things about in Iraq of everything what we were looking for which was the budget, the oil and gas law, and the rate be put in the budget...That happened by default over Sunday. So more than likely at least that maybe will hit the printed version of the Gazette tomorrow [Wednesday]. It doesn’t really matter to us if it does or not because Iraq is ready. The Qi cards are activated and the rate is on the cards. We know what it is and the in country rate is great... [post 1 of 2....stay tuned]
3-21-2018 Intel/Newshound Guru tman23 next 12 days just became very interesting...with regards to IQD possibilities of speculation...
3-20-2018 Newshound Guru Kaperoni People...need to stop looking at forex trade sites. The dinar is not internationally traded at this time. You want the value... cbi.iq Price is fixed at 1184. [There is a rumor going around tonight that people have 5 Days from today to cash in their dinars!] The dinar is not a lottery ticket, it does not expire. It's real currency.
3-20-2018 Newshound Guru chattels The notion of realizing great wealth overnight through a liquidity event with the dinar seems increasingly remote, but I do hope for a relatively substantial return on investment.
3-20-2018 Newshound/Intel Guru BGG "To our esteemed and distinguished Warka clients, Warka Bank for Investment and Finance is delighted to inform its fine clients that the distinguished Central Bank of Iraq has approved that our clients participate in the upcoming capital increase." Let me boil my recent comments down to one simple idea. [reference BGG post 3-19-2018, parts 1 & 2] It appears to me – Warka Bank is interested in the same thing the CBI is right now…Which is, recapturing as much Dinar as possible. Does this imply some immediate RV (or value change)? No – it does not. In fact, it might even imply them thinking some value shift may be coming as far out as sometime in the next couple of fiscal quarters.
3-20-2018 Intel Guru RayRen98 Kurds are acknowledging getting paid, completion of payments is expected in two days. Iraqi TV is broadcasting that Parliament will hold its last session on March 29 where they intend to pass ALL remaining laws. No meetings are anticipated in April due to preparations for the May elections.
3-20-2018 Newshound Guru chattels [Iraq's currency can revalue at any time and none of their laws being pass have anything to do with it. Kuwait revalued and didn't even have electricity. Funny how IMF and world Bank and UN just gave them the go ahead...] Kuwait did not "revalue ". The value returned post invasion / ouster of Saddam. People bought a currency with depressed value and sold it at the returning value. IMO.
3-20-2018 Newshound/Intel Guru Mnt Goat Article: "THE WORLD BANK ARRIVES IN BAGHDAD" ...they are working out the details for the transmittal of the first payment from the donor conference of the 30 billion. I am told they are not going to do this until the oil and gas law and Article 140 and currency reform is completed. Is this then true. Today we read that the oil and gas law is done [reference Mnt Goat post 3-19-2018] and now we wait for the other two items.
3-20-2018 Newshound Guru chattels The notion of realizing great wealth overnight through a liquidity event with the dinar seems increasingly remote, but I do hope for a relatively substantial return on investment.
3-20-2018 Newshound/Intel Guru BGG "To our esteemed and distinguished Warka clients, Warka Bank for Investment and Finance is delighted to inform its fine clients that the distinguished Central Bank of Iraq has approved that our clients participate in the upcoming capital increase." Let me boil my recent comments down to one simple idea. [reference BGG post 3-19-2018, parts 1 & 2] It appears to me – Warka Bank is interested in the same thing the CBI is right now…Which is, recapturing as much Dinar as possible. Does this imply some immediate RV (or value change)? No – it does not. In fact, it might even imply them thinking some value shift may be coming as far out as sometime in the next couple of fiscal quarters.
3-20-2018 Intel Guru RayRen98 Kurds are acknowledging getting paid, completion of payments is expected in two days. Iraqi TV is broadcasting that Parliament will hold its last session on March 29 where they intend to pass ALL remaining laws. No meetings are anticipated in April due to preparations for the May elections.
3-20-2018 Newshound Guru chattels [Iraq's currency can revalue at any time and none of their laws being pass have anything to do with it. Kuwait revalued and didn't even have electricity. Funny how IMF and world Bank and UN just gave them the go ahead...] Kuwait did not "revalue ". The value returned post invasion / ouster of Saddam. People bought a currency with depressed value and sold it at the returning value. IMO.
3-20-2018 Newshound/Intel Guru Mnt Goat Article: "THE WORLD BANK ARRIVES IN BAGHDAD" ...they are working out the details for the transmittal of the first payment from the donor conference of the 30 billion. I am told they are not going to do this until the oil and gas law and Article 140 and currency reform is completed. Is this then true. Today we read that the oil and gas law is done [reference Mnt Goat post 3-19-2018] and now we wait for the other two items.
3-19-2018 Newshound Guru mike Article quote: "Alsumaria News / Baghdad , the US dollar exchange rate prices continued to decline against the Iraqi Aldnyar in exchange central struggle in Baghdad, local markets on Monday (March 19 2018). Kifah Stock Exchange - Baghdad 121.150, while the prices for Sunday was 121,300. Selling and buying prices in the money market Selling price of the dollar = 121,500 dinars. The price of buying the dollar = 120.500 dinars" [They cant keep doing 200 million dollar auctions...and now they are at 1205...looking great!] Now they need to hold it for 90 days, keep them auctions running Keywords.
3-19-2018 Newshound/Intel Guru Mnt Goat Article: "APPROVAL OF THE LAW OF THE IRAQI NATIONAL OIL COMPANY (Oil and Gas Law)" ...we have waiting over 10 years for this law. It is now passed in parliament. It now needs to be ratified and in gazette. ...Again I told everyone this HCL was needed to get the currency reinstatement. Now we watch and wait for Article 140, which should be coming to us soon. We know that Article 140 and HCL kind of go hand in hand…
3-19-2018 Newshound/Intel Guru BGG They know (or can foresee) something is on the horizon? They bring in all this IQD (for essentially – FREE)… then the IQD value goes up. They just sold millions upon millions of shares of a Bank that is essentially worthless for $1 per share (or more). Sounds like the greatest financial coup in history. Would the value of the IQD going up make the bank more valuable? No, it does not...but if Warka pulls this off they will be sitting on a GIGANTIC PILE OF MONEY. Why else would they sell a share of their (albeit $h!tty) bank for FRACTIONS of a cent? They would be GIVING IT AWAY…Unless, of course, they foresee buying the incoming money at one price and selling it later at another. [post 2 of 2]
3-19-2018 Newshound/Intel Guru BGG Quote: "To our esteemed and distinguished Warka clients, Warka Bank for Investment and Finance is delighted to inform its fine clients that the distinguished Central Bank of Iraq has approved that our clients participate in the upcoming capital increase." I get it that they’ve changed (ownership / management), they’re all different now and under the direct oversight of the CBI (which might even bother me a little more)…BUT HOLY COW!! These guys are really something…“Here’s a letter authorizing us to withdraw the money from your account”… (because it’s somehow – legally O.K.) …and put it in ours… “sign right here please… press hard – there are three copies” However, the flip side of this is, what if… [post 1 of 2....stay tuned]
3-19-2018 Newshound Guru chattels An average of $ 200 million dollars is about $ 50 million more per auction than the rough average for the past several months which captures alot of dinar from general circulation is a thought that occurs to me. [reference Guru Kaperoni post 3-19-2018]
3-19-2018 Newshound Guru sandyf Under Iraq Investment Law, all shares on the ISX have a nominal value of 1 IQD. Shares of 1 IQD are being sold by Warka for 1 IQD - surprise,surprise. Shares on the Kuwait stock exchange have a nominal value of 200 fils. The real question people should be looking at is why is Warka increasing the capital when it is supposedly going to be worth more than Wells Fargo overnight.
3-19-2018 Newshound Guru Kaperoni ...the CBI is selling lots of dollars right now (200 million today) so my guess is they are in compliance and not planning to wait to much longer for Article VIII. They want to end the auctions and stop draining the reserves. Hang in there.
3-19-2018 Newshound/Intel Guru Mnt Goat Article: "APPROVAL OF THE LAW OF THE IRAQI NATIONAL OIL COMPANY (Oil and Gas Law)" ...we have waiting over 10 years for this law. It is now passed in parliament. It now needs to be ratified and in gazette. ...Again I told everyone this HCL was needed to get the currency reinstatement. Now we watch and wait for Article 140, which should be coming to us soon. We know that Article 140 and HCL kind of go hand in hand…
3-19-2018 Newshound/Intel Guru BGG They know (or can foresee) something is on the horizon? They bring in all this IQD (for essentially – FREE)… then the IQD value goes up. They just sold millions upon millions of shares of a Bank that is essentially worthless for $1 per share (or more). Sounds like the greatest financial coup in history. Would the value of the IQD going up make the bank more valuable? No, it does not...but if Warka pulls this off they will be sitting on a GIGANTIC PILE OF MONEY. Why else would they sell a share of their (albeit $h!tty) bank for FRACTIONS of a cent? They would be GIVING IT AWAY…Unless, of course, they foresee buying the incoming money at one price and selling it later at another. [post 2 of 2]
3-19-2018 Newshound/Intel Guru BGG Quote: "To our esteemed and distinguished Warka clients, Warka Bank for Investment and Finance is delighted to inform its fine clients that the distinguished Central Bank of Iraq has approved that our clients participate in the upcoming capital increase." I get it that they’ve changed (ownership / management), they’re all different now and under the direct oversight of the CBI (which might even bother me a little more)…BUT HOLY COW!! These guys are really something…“Here’s a letter authorizing us to withdraw the money from your account”… (because it’s somehow – legally O.K.) …and put it in ours… “sign right here please… press hard – there are three copies” However, the flip side of this is, what if… [post 1 of 2....stay tuned]
3-19-2018 Newshound Guru chattels An average of $ 200 million dollars is about $ 50 million more per auction than the rough average for the past several months which captures alot of dinar from general circulation is a thought that occurs to me. [reference Guru Kaperoni post 3-19-2018]
3-19-2018 Newshound Guru sandyf Under Iraq Investment Law, all shares on the ISX have a nominal value of 1 IQD. Shares of 1 IQD are being sold by Warka for 1 IQD - surprise,surprise. Shares on the Kuwait stock exchange have a nominal value of 200 fils. The real question people should be looking at is why is Warka increasing the capital when it is supposedly going to be worth more than Wells Fargo overnight.
3-19-2018 Newshound Guru Kaperoni ...the CBI is selling lots of dollars right now (200 million today) so my guess is they are in compliance and not planning to wait to much longer for Article VIII. They want to end the auctions and stop draining the reserves. Hang in there.
3-18-2018 Intel Guru RayRen98 Iraqi TV was broadcasting the House of Representatives stating that the Ministry of Finance will launch the 2018 Budget in four days.....just inside of the supposed 15-day deadline.
3-18-2018 Newshound/Intel Guru Mnt Goat Article: "ARTICLE 140 OF THE CONSTITUTION IS A VALID AND VALID AND NON-EXPIRED ARTICLE, TO BE IMPLEMENTED SOON" More WOW! news...this does not mean that Article 140 is completed. It means that the interpretation of the constitution on the deadline to issue the referendum to resolve and pass the law is NOT expired and can now be completed...the contention by opposing parties was that the referendum was no longer needed since they felt the stated deadline was passed. So will they now move forward quickly with it? We know the referendum is written and already agreed to by all parties. It just needs to pass parliament to become “official” and the law of the land...we all should have know this too had to be completed in order to see the reinstatement of the currency.
3-18-2018 Newshound Guru Kaperoni Article quote: "The exchange rate of the dollar, on Saturday, a slight rise against the dinar in the local currency market ." ...these have bounced around and mean nothing. They are not even official from the CBI. These published numbers are not even what the IMF looks at..they stated years ago the numbers they reference are published in the CBI's quarterly report, which makes them official.
3-18-2018 Newshound/Intel Guru Mnt Goat Article: "ELECTRONIC BANKING HAS BEEN LAUNCHED IN IRAQ" ...the CBI is making it “official public policy” if they want to get paid their salaries thru the CBI. ...we know they intend to us [use] this electronic point of sales to help change the rate once it comes out. We have known this was part of the plan since 2011. So why the bug [big] rush to finally get it done? Or are they just announcing it now?
3-18-2018 Newshound/Intel Guru Mnt Goat Article: "ARTICLE 140 OF THE CONSTITUTION IS A VALID AND VALID AND NON-EXPIRED ARTICLE, TO BE IMPLEMENTED SOON" More WOW! news...this does not mean that Article 140 is completed. It means that the interpretation of the constitution on the deadline to issue the referendum to resolve and pass the law is NOT expired and can now be completed...the contention by opposing parties was that the referendum was no longer needed since they felt the stated deadline was passed. So will they now move forward quickly with it? We know the referendum is written and already agreed to by all parties. It just needs to pass parliament to become “official” and the law of the land...we all should have know this too had to be completed in order to see the reinstatement of the currency.
3-18-2018 Newshound Guru Kaperoni Article quote: "The exchange rate of the dollar, on Saturday, a slight rise against the dinar in the local currency market ." ...these have bounced around and mean nothing. They are not even official from the CBI. These published numbers are not even what the IMF looks at..they stated years ago the numbers they reference are published in the CBI's quarterly report, which makes them official.
3-18-2018 Newshound/Intel Guru Mnt Goat Article: "ELECTRONIC BANKING HAS BEEN LAUNCHED IN IRAQ" ...the CBI is making it “official public policy” if they want to get paid their salaries thru the CBI. ...we know they intend to us [use] this electronic point of sales to help change the rate once it comes out. We have known this was part of the plan since 2011. So why the bug [big] rush to finally get it done? Or are they just announcing it now?
3-17-2018 Newshound/Intel Guru Mnt Goat "KRG HAD VOLUNTARILY SURRENDERED ITS RIGHT TO OPERATE, REGULATE AND SUPERVISE LOCAL BANKS TO THE CENTRAL GOVERNMENT IN BAGHDAD." I think this issue was one of the items we were waiting for that slipped by us for an RV. We now have it.
3-17-2018 Newshound Guru G-Lin They claim there are about 23 laws that would be passed in a basket. They haven't listed all of them but Oil and Gas is the primary one. I'm not optimistic about this happening before elections. They could throw a surprise session on us but without the Kurds I don't see that happening. Politically things are scary, but economically things are very exciting. And I do think the two can be separated. Shoot look at what has been accomplished the last few months. Epic decisions, Chap. 7, Art. 140, National Oil Law, the percentage of distribution of proceeds to citizens from oil and gas, FIFA lifting the ban on international games, budget completed in record time..., International ban on Kurdistan flights lifted, ban on many imported goods and taxing many of the remaining imported goods and all of that will benefit the local products. That will jump start exports. The 2% spread is compliant and imo they do not need to enter art. 8, just be compliant, which I believe they are. Drop that rate about 20 more pips and hit that 1200 target...
3-17-2017 Intel Guru RayRen98 Iraqi TV is broadcasting payments for citizens in large volumes. Iraqi News is showing the lifting of the international ban on all Iraqi stadiums. March 21 is being determined a holiday, all Iraqis are being told they will have payments by this date. Still no rates shared by those citizens who have received payment already. Time Will Tell!
3-17-2018 Newshound/Intel Guru Mnt Goat Article: "WORLD BANK PLEDGED TO IRAQ TO LEND $ 6 BILLION OVER THE NEXT THREE YEARS" This is a WOW! ...didn’t we just read earlier in the week the World Bank might hold up this funding due to Iraq not completing its reform process? I quote from Monday’s article – “The World Bank may sanction Iraq for non-compliance..." So this new news today of a release to Iraq 6 billion is some of the 30 billion from the donor conference in Kuwait. Seems coincidental this all happening now within just a week or less left to the 90 days of the monitoring process? I believe we may have a LATE March or an EARLY April date for the final release of the new category notes and the reinstatement of the dinar to the global markets. Let’s watch and see what happens.
3-17-2018 Intel Guru Frank26 Haider Al-Abadi Tweets... "Congratulations to Iraqi football fans on the return of competitive international matches to Iraqi stadiums. The hard work of improving security and stability is paying off. We hope to see sports contributing in a big way to Iraqi society..." Internationalism!!!
3-17-2018 Newshound Guru G-Lin They claim there are about 23 laws that would be passed in a basket. They haven't listed all of them but Oil and Gas is the primary one. I'm not optimistic about this happening before elections. They could throw a surprise session on us but without the Kurds I don't see that happening. Politically things are scary, but economically things are very exciting. And I do think the two can be separated. Shoot look at what has been accomplished the last few months. Epic decisions, Chap. 7, Art. 140, National Oil Law, the percentage of distribution of proceeds to citizens from oil and gas, FIFA lifting the ban on international games, budget completed in record time..., International ban on Kurdistan flights lifted, ban on many imported goods and taxing many of the remaining imported goods and all of that will benefit the local products. That will jump start exports. The 2% spread is compliant and imo they do not need to enter art. 8, just be compliant, which I believe they are. Drop that rate about 20 more pips and hit that 1200 target...
3-17-2017 Intel Guru RayRen98 Iraqi TV is broadcasting payments for citizens in large volumes. Iraqi News is showing the lifting of the international ban on all Iraqi stadiums. March 21 is being determined a holiday, all Iraqis are being told they will have payments by this date. Still no rates shared by those citizens who have received payment already. Time Will Tell!
3-17-2018 Newshound/Intel Guru Mnt Goat Article: "WORLD BANK PLEDGED TO IRAQ TO LEND $ 6 BILLION OVER THE NEXT THREE YEARS" This is a WOW! ...didn’t we just read earlier in the week the World Bank might hold up this funding due to Iraq not completing its reform process? I quote from Monday’s article – “The World Bank may sanction Iraq for non-compliance..." So this new news today of a release to Iraq 6 billion is some of the 30 billion from the donor conference in Kuwait. Seems coincidental this all happening now within just a week or less left to the 90 days of the monitoring process? I believe we may have a LATE March or an EARLY April date for the final release of the new category notes and the reinstatement of the dinar to the global markets. Let’s watch and see what happens.
3-17-2018 Intel Guru Frank26 Haider Al-Abadi Tweets... "Congratulations to Iraqi football fans on the return of competitive international matches to Iraqi stadiums. The hard work of improving security and stability is paying off. We hope to see sports contributing in a big way to Iraqi society..." Internationalism!!!
3-16-2018 Newshound/Intel Guru Mnt Goat So here we sit on the cusp of history being made. Yes, we have waited for all these years, some of us almost 13 years to see these laws. Do I think we are VERY close to the reinstatement process being completed? Yes – of course and it might even very well be early next week, but I don’t think so... if I was to speculate, I might say EARLY – MID April at the best to see the reinstatement occur. But then we still need to see the re-education program the CBI has promised would happen just prior or during the end. [post 2 of 2]
3-16-2018 Newshound/Intel Guru Mnt Goat I have to tell you I am VERY happy because of the amazing amount of VERY positive news being told to us. We are literally seeing the last few needed “basket” of laws so that they may go forward with the reinstatement of the Iraq dinar. Article quotes: “the next few days will witness the completion of all the laws that are stalled reading and voting to end this few remaining period of parliament by reading the largest number of laws.” and “It is noteworthy that there is a package of laws in the House of Representatives because of the differences of political blocs around them, and was deported to several parliamentary sessions”. So now its hurry up and get it all done...they now know the urgency...so now...we are seeing it play out. ...I have known...the necessity for the HCL and Article 140 as part of the mandate to “fully” implement the new 2005 Iraqi constitution. [post 1 of 2....stay tuned]
3-16-2018 Newshound Guru G-Lin Articles: "Iraq's sport awaits a crucial international decision on Friday"; "FIFA lifts soccer ban on Iraq"; "LIFTING OF FIFA’S BAN COULD BE THE START OF A NEW ERA FOR IRAQ." Quote: "FIFA's executive board is to hold a meeting that hopes to allow their country to host official international matches after a long-standing ban due to security conditions." This is big!!! "URGENT FIFA lifts international ban on Erbil, Karbala and Basra stadiums." This ban dates back to the 80's. [Guru] Bondlady [RIP] use to think it could be a trigger to international rate. It dffinitely opens up some international doors.
3-16-2018 Intel Guru RayRen98 Iraqi TV and news outlets are reporting for the first time in history all Iraqis are now paid through the MasterCard world card. All citizens have been "reportedly" paid but, however, they are not sharing the rate info. [hmmm, I wonder why? LOL] This is proof that all of their banks are now connected! Reports are coming to me of exchange personnel being told to "report" to their respective exchange centers on today. "Exchange Procedure Manuals" are reportedly being circulated to those who have a "need to know."
3-18-2018 Newshound Guru Kaperoni [...what's your position on reinstatement?] Nonsense. A currencies value is not arbitrary. When they float, it will rise based on economic pressure created by investment...Balassa-Samuelson effect.
3-16-2018 Intel Guru Bruce My theory has always been it is not going to come out in the Gazette with a rate seen in the budget until we get started. I really think we will get the nod to go and then you will see it in the budget. Lower denominations are in use and play. Rates have changed. Q1 cards are not active yet in all cases. Rates are showing but they are not active in some cases... It keeps getting pushed back a little bit. That is where they are right now. I am excited for all of you that paid attention for years and I am looking forward to this. I don’t know when it is going to go but things are lining up for it. Let’s see what happens. [post 2 of 2]
3-16-2018 Intel Guru Bruce I got many sources that are connected to this. Some are inside the Treasury, Some are with the (4) Tier 1 banks...the lead bank...the Canada bank...Swiss bank...Redemption Centers. We know things that are going on that nobody else knows. By the way tonight the 15th represents the start of the 14th year for me in this venture. When it comes to Iraq, Iraq is basically done... We know they have completed the budget. We know they have completed the Gas law. We know they have an automatic time frame that they are on with that law and that budget law will be put in the Gazette. There is a finite time for that and it is next Wednesday, March 21st, Iraq time...I am referring to the printed version coming out that is printed and put out Wednesday and Saturday. [post 1 of 2....stay tuned]
3-16-2018 Newshound/Intel Guru Mnt Goat I have to tell you I am VERY happy because of the amazing amount of VERY positive news being told to us. We are literally seeing the last few needed “basket” of laws so that they may go forward with the reinstatement of the Iraq dinar. Article quotes: “the next few days will witness the completion of all the laws that are stalled reading and voting to end this few remaining period of parliament by reading the largest number of laws.” and “It is noteworthy that there is a package of laws in the House of Representatives because of the differences of political blocs around them, and was deported to several parliamentary sessions”. So now its hurry up and get it all done...they now know the urgency...so now...we are seeing it play out. ...I have known...the necessity for the HCL and Article 140 as part of the mandate to “fully” implement the new 2005 Iraqi constitution. [post 1 of 2....stay tuned]
3-16-2018 Newshound Guru G-Lin Articles: "Iraq's sport awaits a crucial international decision on Friday"; "FIFA lifts soccer ban on Iraq"; "LIFTING OF FIFA’S BAN COULD BE THE START OF A NEW ERA FOR IRAQ." Quote: "FIFA's executive board is to hold a meeting that hopes to allow their country to host official international matches after a long-standing ban due to security conditions." This is big!!! "URGENT FIFA lifts international ban on Erbil, Karbala and Basra stadiums." This ban dates back to the 80's. [Guru] Bondlady [RIP] use to think it could be a trigger to international rate. It dffinitely opens up some international doors.
3-16-2018 Intel Guru RayRen98 Iraqi TV and news outlets are reporting for the first time in history all Iraqis are now paid through the MasterCard world card. All citizens have been "reportedly" paid but, however, they are not sharing the rate info. [hmmm, I wonder why? LOL] This is proof that all of their banks are now connected! Reports are coming to me of exchange personnel being told to "report" to their respective exchange centers on today. "Exchange Procedure Manuals" are reportedly being circulated to those who have a "need to know."
3-18-2018 Newshound Guru Kaperoni [...what's your position on reinstatement?] Nonsense. A currencies value is not arbitrary. When they float, it will rise based on economic pressure created by investment...Balassa-Samuelson effect.
3-16-2018 Intel Guru Bruce My theory has always been it is not going to come out in the Gazette with a rate seen in the budget until we get started. I really think we will get the nod to go and then you will see it in the budget. Lower denominations are in use and play. Rates have changed. Q1 cards are not active yet in all cases. Rates are showing but they are not active in some cases... It keeps getting pushed back a little bit. That is where they are right now. I am excited for all of you that paid attention for years and I am looking forward to this. I don’t know when it is going to go but things are lining up for it. Let’s see what happens. [post 2 of 2]
3-16-2018 Intel Guru Bruce I got many sources that are connected to this. Some are inside the Treasury, Some are with the (4) Tier 1 banks...the lead bank...the Canada bank...Swiss bank...Redemption Centers. We know things that are going on that nobody else knows. By the way tonight the 15th represents the start of the 14th year for me in this venture. When it comes to Iraq, Iraq is basically done... We know they have completed the budget. We know they have completed the Gas law. We know they have an automatic time frame that they are on with that law and that budget law will be put in the Gazette. There is a finite time for that and it is next Wednesday, March 21st, Iraq time...I am referring to the printed version coming out that is printed and put out Wednesday and Saturday. [post 1 of 2....stay tuned]
3-15-2018 Newshound Guru Kaperoni I don't understand why so many are trying to figure out what the correct 2% spread is for the Market Rate? This is pretty simple.... The Official Rate at the CBI is 1184, you add the CBI commissions on auction currency of 6 dinars to reach 1190. The spread then is derived from this at 2% or 24 dinars making it 1214 to $1 or less to be in compliance. Based on today's numbers, they are within compliance.
3-15-2018 Newshound Guru G-Lin Article: "President Jubouri: Budget has become a law and will not be submitted to the House of Representatives again and the objectors can challenge the Federal Court" [So it sounds like the Budget is a Â?Done DealÂ?.] Well it looks like looks like it's ready to be gazetted. At least that is what they say here.
3-15-2018 Intel Guru RayRen98 The Iraqi Parliament adjourned today without voting/passing on any laws due to a lack of quorum. Despair not, we are still within our open "window" of opportunity.
3-15-2018 Newshound/Intel Guru Mnt Goat Article: "The governor of the Central Bank Ali Alaq, on Tuesday, the agreement of Baghdad and Arbil to subject the banks in the Kurdistan region to under the control the Central Bank of Iraq , indicating that it was also agreed to avoid double taxation." ...this was one of the sticky points in the 2018 budget. Kurdistan already planned for taxing incomes, while the GOI via CBI also planned to tax the same income. So who get the taxes? The KRG again wanted to control the money, while the GOI said they have the right as the centralized government. So now it seems they have this settled.
3-15-2018 Newshound/Intel Guru BGG ...according to the IMF’s own published documents Iraq has been in compliance with their MCP policies for quite some time now, with the exception of one situation with Jordan (or someone like that)… but they were given a technical waiver on this one instance.
3-15-2018 Newshound Guru G-Lin Article: "The parliamentary economy of / Mawazin News /: the coming days the date of passing the law of oil and gas" Quote: "...the next few days will witness the vote on the laws of a very important, while noting that among these laws the law of oil and gas..." ...There's your basket of laws. Let's hope they can do it.
3-15-2018 Newshound/Intel Guru Mnt Goat So recently many asked me when is the 90 days up for the MCP monitoring program by the IMF? The reinstatement submittal was done in late December. No firm date is known. Get it? The article did not give us a date. If we give a week from the last week in December for the IMF to review Iraq’s request this puts us to at least the end of the year 2017. Then if they do place a mandatory monitoring program in place for the MCP we can see 90 days probably begins around Jan 1st. So if we go out 90 days then where do we land? So knowing all this then when do you think we might see it happen? ...no one knows the date of the RV, we only speculate and try to figure it out using the best information we have on hand at the time. It’s not rocket science to see a possible window coming up very soon...
3-15-2018 Newshound Guru G-Lin Article: "President Jubouri: Budget has become a law and will not be submitted to the House of Representatives again and the objectors can challenge the Federal Court" [So it sounds like the Budget is a Â?Done DealÂ?.] Well it looks like looks like it's ready to be gazetted. At least that is what they say here.
3-15-2018 Intel Guru RayRen98 The Iraqi Parliament adjourned today without voting/passing on any laws due to a lack of quorum. Despair not, we are still within our open "window" of opportunity.
3-15-2018 Newshound/Intel Guru Mnt Goat Article: "The governor of the Central Bank Ali Alaq, on Tuesday, the agreement of Baghdad and Arbil to subject the banks in the Kurdistan region to under the control the Central Bank of Iraq , indicating that it was also agreed to avoid double taxation." ...this was one of the sticky points in the 2018 budget. Kurdistan already planned for taxing incomes, while the GOI via CBI also planned to tax the same income. So who get the taxes? The KRG again wanted to control the money, while the GOI said they have the right as the centralized government. So now it seems they have this settled.
3-15-2018 Newshound/Intel Guru BGG ...according to the IMF’s own published documents Iraq has been in compliance with their MCP policies for quite some time now, with the exception of one situation with Jordan (or someone like that)… but they were given a technical waiver on this one instance.
3-15-2018 Newshound Guru G-Lin Article: "The parliamentary economy of / Mawazin News /: the coming days the date of passing the law of oil and gas" Quote: "...the next few days will witness the vote on the laws of a very important, while noting that among these laws the law of oil and gas..." ...There's your basket of laws. Let's hope they can do it.
3-15-2018 Newshound/Intel Guru Mnt Goat So recently many asked me when is the 90 days up for the MCP monitoring program by the IMF? The reinstatement submittal was done in late December. No firm date is known. Get it? The article did not give us a date. If we give a week from the last week in December for the IMF to review Iraq’s request this puts us to at least the end of the year 2017. Then if they do place a mandatory monitoring program in place for the MCP we can see 90 days probably begins around Jan 1st. So if we go out 90 days then where do we land? So knowing all this then when do you think we might see it happen? ...no one knows the date of the RV, we only speculate and try to figure it out using the best information we have on hand at the time. It’s not rocket science to see a possible window coming up very soon...
3-14-2018 Newshound Guru Apmcrx Article: “Abadi: Iraq will become an economic power in the world” IMO in My speculative opinion!!!... Every day Iraq is telling us they will be a great again (like america) but this "economic development" is something that no any country can make overnight...not even U.S...so in my opinion the reforms will work over the time maybe all the way to the next Iraqs fiscal year or maybe the next after that one...IMO.
3-14-2018 Newshound/Intel Guru Mnt Goat ...Remember...Iraq just declared an end to the war with ISIS in early December 2017. So the CBI has to continue the process of rolling this out with the IMF. This takes time and I have been showing you the road to the Reinstatement (Not a Revaluation). Iraq does not plan to do a revaluation as they first must get their currency “reinstated” back on the global exchanges. When they do this we suspect they will go with at least a $3.00+ USD rate to 1 dinar.
3-14-2018 Newshound Guru Adam Montana Dinar is so on the verge of making a breakthrough. I don’t even know what to say right now! Yes, this could be another false flag… but it might be our time. Many of us are about to receive an incredible amount of wealth...
3-14-2018 Newshound Guru Don961 Article: "The Presidency of the Republic reveals the reason for the refusal of the infallible ratification of the budget" imo...the key phrases are: "the existence of about 31 points intersect with the legislation in force,"...re-audit form and content of Constitutional, legal and financial aspects ". "...scrutinize in detail to diagnose the most important constitutional and legal and financial violations of some of the articles or items or paragraphs that need to be addressed before ratification and to address any imbalance in the formulation Formalism". Masoum is fixing the redundancy and the illegalities of some of the added articles ... that Parliament overlooked or ignored.
3-14-2018 Intel Guru RayRen98 Access to international airports in Kurdistan region have been restored. Full international flights are expected by March 15. Iraqi TV is reporting that Erbil has reclaimed previously disputed areas. Parliament processed 11 laws today, now at recess until Thursday. Banks are supposedly waiting on Iraq to make its rate changes public before they spring into exchange action. Alaq was on TV indicating that all of the banks in Kurdistan will take their lead from the CBI. Parliament calls for an urgent meeting regarding the federal budget, in spite of the recess. Iraqi citizens are being told to expect to see the lower denoms released sometime next week.
3-14-2018 Intel Guru Bruce ...we know Iraqi Americans have Qi cards like they do in Iraq, and we know they are able to go on those cards at midnight tonight [Tuesday] and be able to have access to their funds and see quite possibly a new rate populated...see the value of the Iraqi dinar to the dollar. That is good and positive for them. ...I will tell you from what I am hearing everything is moving forward in that arena...I thought there was a possibility of it going yesterday afternoon, but I felt there be greater of it going this week Tuesday, Wednesday, or Thursday. I have been told since by at least 5 or 6 sources that this is imminent...we are right here, right where we need to be. We see a lot of progress that is going through, and we know it is happening according to a plan. It may not be our plan, but it is happening according to a plan. We just have to sometimes resign ourselves to the fact this process is taking longer than we thought. I think we are pretty much ready. We are looking for a start. We do believe it...should be this week as far as I heard.
3-14-2018 Intel Guru Frank26 Article: "The Presidency of the Republic reveals the reason for the refusal of the infallible ratification of the budget" IMO...HE SIGNED IT...HE NOW SIMPLY WANTS 31 POINTS ADJUSTED. NOTHING MORE...NOTHING LESS.
3-14-2018 Newshound Guru G-Lin Article: "The House of Representatives raises its meeting for the next Thursday after reading 11 laws" Quote: "The President of the Council announced a date for holding a special session to vote on draft and proposed laws on the agenda and others added to the table." It looks as though Jubouri set a date for that special session but they didn't give us the date.
3-14-2018 Newshound/Intel Guru Mnt Goat ...Remember...Iraq just declared an end to the war with ISIS in early December 2017. So the CBI has to continue the process of rolling this out with the IMF. This takes time and I have been showing you the road to the Reinstatement (Not a Revaluation). Iraq does not plan to do a revaluation as they first must get their currency “reinstated” back on the global exchanges. When they do this we suspect they will go with at least a $3.00+ USD rate to 1 dinar.
3-14-2018 Newshound Guru Adam Montana Dinar is so on the verge of making a breakthrough. I don’t even know what to say right now! Yes, this could be another false flag… but it might be our time. Many of us are about to receive an incredible amount of wealth...
3-14-2018 Newshound Guru Don961 Article: "The Presidency of the Republic reveals the reason for the refusal of the infallible ratification of the budget" imo...the key phrases are: "the existence of about 31 points intersect with the legislation in force,"...re-audit form and content of Constitutional, legal and financial aspects ". "...scrutinize in detail to diagnose the most important constitutional and legal and financial violations of some of the articles or items or paragraphs that need to be addressed before ratification and to address any imbalance in the formulation Formalism". Masoum is fixing the redundancy and the illegalities of some of the added articles ... that Parliament overlooked or ignored.
3-14-2018 Intel Guru RayRen98 Access to international airports in Kurdistan region have been restored. Full international flights are expected by March 15. Iraqi TV is reporting that Erbil has reclaimed previously disputed areas. Parliament processed 11 laws today, now at recess until Thursday. Banks are supposedly waiting on Iraq to make its rate changes public before they spring into exchange action. Alaq was on TV indicating that all of the banks in Kurdistan will take their lead from the CBI. Parliament calls for an urgent meeting regarding the federal budget, in spite of the recess. Iraqi citizens are being told to expect to see the lower denoms released sometime next week.
3-14-2018 Intel Guru Bruce ...we know Iraqi Americans have Qi cards like they do in Iraq, and we know they are able to go on those cards at midnight tonight [Tuesday] and be able to have access to their funds and see quite possibly a new rate populated...see the value of the Iraqi dinar to the dollar. That is good and positive for them. ...I will tell you from what I am hearing everything is moving forward in that arena...I thought there was a possibility of it going yesterday afternoon, but I felt there be greater of it going this week Tuesday, Wednesday, or Thursday. I have been told since by at least 5 or 6 sources that this is imminent...we are right here, right where we need to be. We see a lot of progress that is going through, and we know it is happening according to a plan. It may not be our plan, but it is happening according to a plan. We just have to sometimes resign ourselves to the fact this process is taking longer than we thought. I think we are pretty much ready. We are looking for a start. We do believe it...should be this week as far as I heard.
3-14-2018 Intel Guru Frank26 Article: "The Presidency of the Republic reveals the reason for the refusal of the infallible ratification of the budget" IMO...HE SIGNED IT...HE NOW SIMPLY WANTS 31 POINTS ADJUSTED. NOTHING MORE...NOTHING LESS.
3-14-2018 Newshound Guru G-Lin Article: "The House of Representatives raises its meeting for the next Thursday after reading 11 laws" Quote: "The President of the Council announced a date for holding a special session to vote on draft and proposed laws on the agenda and others added to the table." It looks as though Jubouri set a date for that special session but they didn't give us the date.
3-13-2018 Intel Guru Footforward ...Good things are coming...the RV is coming...I'm not going to say it's going to be March 21st...but wouldn't it be wild if it was March 21st? The RV is going to happen...let's just watch...
3-13-2018 Newshound Guru Aggiedad77 MY EXCITEMENT GROWS UPON ITSELF...EXCITEMENT IS HIGH IMO...RIGHTFULLY SO...OH INDEED...ALL IS GOOD...AND IMO....THE BEST IS INDEED COMING...
3-13-2018 Newshound Guru Kaperoni Article: "Keywords Erbil: The Federal Government delegation is working to coordinate with the province to unify tax" This seems like it would be critical to resolve prior to opening the banking system internationally.
3-13-2018 Newshound Guru chattels Article: "Masoum refuses to approve the 2018 budget and sends it back to the House of Representatives Editorial date: 2018/3/13" I cannot remember this happening before.
3-13-2018 Intel Guru ADMINBILL This month is shaping up to be a very interesting month for currency holders. Although the timing is unknown the activity can't be ignored.
3-13-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK WAS ABLE TO ACHIEVE HIGH STABILITY OF THE UPPER AND LOWER LIMITS TO THE DOLLAR, THE DINAR" ...they are talking about the +- 2% upper and lower limits of the market rate vs the Central rate. Quote: "THE OFFICIAL PRICE TARGET OF THE DOLLAR IS 1200 DINARS PER ONE DOLLAR AND THAT THE GAP IN THE EXCHANGE MARKET IN THE PRESENCE OF A FIXED PRICE ADOPTED BY THE CENTRAL BANK IS AVAILABLE IN MANY ECONOMIES, AN ACCEPTABLE CHANGE." ...this...is telling us the MCP % that is now occurring is acceptable... ...they are nearing the 90 day mark of the monitoring period of the IMF for the MCP. Remember what the MCP is? The MCP is the gap in the exchange market rate to the fixed price adopted by the CBI and pegged to the dollar. Folks this is amazing news and just what we wanted to hear and would expect at this time. Hold on to you seats they are about to launch the lower denomination categories...
3-13-2018 Newshound Guru G-Lin Article: "The Federal Court responds to a parliamentary request to define the disputed areas" I like this: "The Kurdistan Regional Government is recognized as the official government of the territories that were administered by the government on 19 March 2003 in the governorates of Dohuk, Arbil, Sulaimaniya, Kirkuk, Diyala and Nineveh." This may be a big deal and applies to Art. 140...This has always been the most disputed part of Art. 140. Unless something has changed since last Oct.-Nov., I would assume this should settle the majority of 140. ...There sure seems to be a lot going on behind the scenes.
3-13-2018 Newshound Guru Aggiedad77 MY EXCITEMENT GROWS UPON ITSELF...EXCITEMENT IS HIGH IMO...RIGHTFULLY SO...OH INDEED...ALL IS GOOD...AND IMO....THE BEST IS INDEED COMING...
3-13-2018 Newshound Guru Kaperoni Article: "Keywords Erbil: The Federal Government delegation is working to coordinate with the province to unify tax" This seems like it would be critical to resolve prior to opening the banking system internationally.
3-13-2018 Newshound Guru chattels Article: "Masoum refuses to approve the 2018 budget and sends it back to the House of Representatives Editorial date: 2018/3/13" I cannot remember this happening before.
3-13-2018 Intel Guru ADMINBILL This month is shaping up to be a very interesting month for currency holders. Although the timing is unknown the activity can't be ignored.
3-13-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK WAS ABLE TO ACHIEVE HIGH STABILITY OF THE UPPER AND LOWER LIMITS TO THE DOLLAR, THE DINAR" ...they are talking about the +- 2% upper and lower limits of the market rate vs the Central rate. Quote: "THE OFFICIAL PRICE TARGET OF THE DOLLAR IS 1200 DINARS PER ONE DOLLAR AND THAT THE GAP IN THE EXCHANGE MARKET IN THE PRESENCE OF A FIXED PRICE ADOPTED BY THE CENTRAL BANK IS AVAILABLE IN MANY ECONOMIES, AN ACCEPTABLE CHANGE." ...this...is telling us the MCP % that is now occurring is acceptable... ...they are nearing the 90 day mark of the monitoring period of the IMF for the MCP. Remember what the MCP is? The MCP is the gap in the exchange market rate to the fixed price adopted by the CBI and pegged to the dollar. Folks this is amazing news and just what we wanted to hear and would expect at this time. Hold on to you seats they are about to launch the lower denomination categories...
3-13-2018 Newshound Guru G-Lin Article: "The Federal Court responds to a parliamentary request to define the disputed areas" I like this: "The Kurdistan Regional Government is recognized as the official government of the territories that were administered by the government on 19 March 2003 in the governorates of Dohuk, Arbil, Sulaimaniya, Kirkuk, Diyala and Nineveh." This may be a big deal and applies to Art. 140...This has always been the most disputed part of Art. 140. Unless something has changed since last Oct.-Nov., I would assume this should settle the majority of 140. ...There sure seems to be a lot going on behind the scenes.
3-12-2018 Newshound Guru Aggiedad77 Article: "World Bank may sanction Iraq for 'non-compliance' " THIS RINGS WELL TO ME...IF IT'S IN PRINT THEN WE HIGHLY SUSPECT IT HAS BEEN DONE...AND I'M SUPPOSING HERE THAT THEY HAVE TAKEN INTO ACCOUNT THE NEEDS OF THE WB AND THE IMF AND THE REST OF THAT THREE-HEADED MONSTER AND THEY ARE WILLING TO COMPLY... ABADI IS PUSHING FOR ACTION WITH REGARD TO DEALING WITH CORRUPTION AND WE'VE SEEN EVIDENCE OF HIM OVERTURNING ROCKS TO GET THE COCKROACHES TO SCURRY AWAY... THAT LONG LINE COMING INTO IRAQ WANTS TO HIRE THEIR WORKERS...YOU RUB MY BACK I'LL RUB YOURS... IMO THEY DO NOT WANT MORE SANCTIONS...THEY DEFINITELY DO NOT NEED THEM... LET THE WORLD SEE ALL YOU HAVE...WELCOME THEM WITH OPEN ARMS...WITH INTERPOL'S HELP GET RID OF THE CORRUPT...
3-12-2018 Newshound Guru Don961 Article: "World Bank may sanction Iraq for 'non-compliance' " more pressure...imo...
3-12-2018 Newshound/Intel Guru Mnt Goat Article quote: “THE STABILITY OF THE EXCHANGE RATE IS AN IMPORTANT STEP IN SUPPORT OF THE NATIONAL ECONOMY AND INCREASE INTERNATIONAL CONFIDENCE IN ALL ITS JOINTS”. Why would they be concerned about international confidence in the dinar if they wanted to stay in a closed, sanctioned economy? ...the goal of all this effort to recover the value of the dinar and I quote – “TO WORK ON THE RECOVERY OF THE IRAQI DINAR AND RAISE ITS MONETARY VALUE AND PURCHASE AGAINST THE US DOLLAR” thus they mean reinstatement on the international arena. Folks the news could not get any better than this. ...I believe this MCP issue is winding down to the last week of the mandated 90 day period by the IMF. The Reinstatement window is getting very close at hand. [post 2 of 2]
3-12-2018 Newshound/Intel Guru Mnt Goat Article: "STABILITY OF THE EXCHANGE RATE, CENTRAL RATE TO MARKET RATE" ...they are talking...about the “CBI program rate vs the Iraqi market rate on the streets” and not the rate to be announced on FOREX when the reinstatement occurs. Quote: "NOTING THAT "THERE ARE INCONSISTENCIES IN THE MARKETS SOMETIMES INDICATE PRICE LEVELS RELATIVE." this...is referring to the market rate vs the “official target” CBI rate called the MCP (multiple currency practice). The IMF needs them to be able to control the rate of their currency in- country first prior to letting it go international. Quote: "The official target price of the dollar is 1200 dinars per dollar," "the gap in the exchange market in the presence of a fixed price adopted by the central is available in many economies, an acceptable change." ...the IMF wants this gap in the market rate vs the central bank rate to be within an acceptable range...this range is +- 2%. [post 1 of 2....stay tuned]
3-12-2018 Newshound Guru Kaperoni Article: "Alnasiri: Implementation of the Central Bank's strategy contributed to the improvement of the dinar's exchange rate against the dollar" Seems all we are waiting on now is sustainable compliance with the 2% spread. We just watch and wait and see.
3-12-2018 Intel Guru Dr. Clarke “What about Article 8, 2% Compliance, Gold backed, Asset backed and a Whole List of other stipulations?” Here’s our Answer: It’s all B.S.! WHY? IRAQ has secretly, quietly, and in compliance with the IMF, been in Article 8 compliance for a long time...and with the UN & IMF’s blessing...QUIETLY...hence why they keep yelling “International” in so many ways. Folks, wake up an realize something. They need a REASON to announce things OFFICIALLY & PUBLICLY. ALL OF IT. That “REASON”, is to OFFICIALLY & PUBLICLY, SUBSTANTIALLY, RAISE THE VALUE OF THE DINAR. It will happen SIMULTANEOUSLY, at the same time. INSTANTLY! Just our Opinions.
3-12-2018 Newshound Guru mike Article: "Al-Hadithi: The news about the IMF's rejection of the federal budget is not true" Quote: "The government denied the news that the International Monetary Fund rejected the federal budget for 2018, because it is not in line with the agreement signed between him and Iraq." Bottom line, Iraq is ignoring the IMF's recommendations about taxes, reducing government payroll and other austerity measures, we'll have to wait and see what the IMF state publicly, there's nothing on their website regarding Iraq's budget...yet. It doesn't really matter in the end, Iraq has every right to ignore the IMF's recommendations, the problem is they'll lose financial support from the west because of the potential political gain.
3-12-2018 Newshound Guru Don961 Article: "World Bank may sanction Iraq for 'non-compliance' " more pressure...imo...
3-12-2018 Newshound/Intel Guru Mnt Goat Article quote: “THE STABILITY OF THE EXCHANGE RATE IS AN IMPORTANT STEP IN SUPPORT OF THE NATIONAL ECONOMY AND INCREASE INTERNATIONAL CONFIDENCE IN ALL ITS JOINTS”. Why would they be concerned about international confidence in the dinar if they wanted to stay in a closed, sanctioned economy? ...the goal of all this effort to recover the value of the dinar and I quote – “TO WORK ON THE RECOVERY OF THE IRAQI DINAR AND RAISE ITS MONETARY VALUE AND PURCHASE AGAINST THE US DOLLAR” thus they mean reinstatement on the international arena. Folks the news could not get any better than this. ...I believe this MCP issue is winding down to the last week of the mandated 90 day period by the IMF. The Reinstatement window is getting very close at hand. [post 2 of 2]
3-12-2018 Newshound/Intel Guru Mnt Goat Article: "STABILITY OF THE EXCHANGE RATE, CENTRAL RATE TO MARKET RATE" ...they are talking...about the “CBI program rate vs the Iraqi market rate on the streets” and not the rate to be announced on FOREX when the reinstatement occurs. Quote: "NOTING THAT "THERE ARE INCONSISTENCIES IN THE MARKETS SOMETIMES INDICATE PRICE LEVELS RELATIVE." this...is referring to the market rate vs the “official target” CBI rate called the MCP (multiple currency practice). The IMF needs them to be able to control the rate of their currency in- country first prior to letting it go international. Quote: "The official target price of the dollar is 1200 dinars per dollar," "the gap in the exchange market in the presence of a fixed price adopted by the central is available in many economies, an acceptable change." ...the IMF wants this gap in the market rate vs the central bank rate to be within an acceptable range...this range is +- 2%. [post 1 of 2....stay tuned]
3-12-2018 Newshound Guru Kaperoni Article: "Alnasiri: Implementation of the Central Bank's strategy contributed to the improvement of the dinar's exchange rate against the dollar" Seems all we are waiting on now is sustainable compliance with the 2% spread. We just watch and wait and see.
3-12-2018 Intel Guru Dr. Clarke “What about Article 8, 2% Compliance, Gold backed, Asset backed and a Whole List of other stipulations?” Here’s our Answer: It’s all B.S.! WHY? IRAQ has secretly, quietly, and in compliance with the IMF, been in Article 8 compliance for a long time...and with the UN & IMF’s blessing...QUIETLY...hence why they keep yelling “International” in so many ways. Folks, wake up an realize something. They need a REASON to announce things OFFICIALLY & PUBLICLY. ALL OF IT. That “REASON”, is to OFFICIALLY & PUBLICLY, SUBSTANTIALLY, RAISE THE VALUE OF THE DINAR. It will happen SIMULTANEOUSLY, at the same time. INSTANTLY! Just our Opinions.
3-12-2018 Newshound Guru mike Article: "Al-Hadithi: The news about the IMF's rejection of the federal budget is not true" Quote: "The government denied the news that the International Monetary Fund rejected the federal budget for 2018, because it is not in line with the agreement signed between him and Iraq." Bottom line, Iraq is ignoring the IMF's recommendations about taxes, reducing government payroll and other austerity measures, we'll have to wait and see what the IMF state publicly, there's nothing on their website regarding Iraq's budget...yet. It doesn't really matter in the end, Iraq has every right to ignore the IMF's recommendations, the problem is they'll lose financial support from the west because of the potential political gain.
3-11-2018 Newshound Guru Kaperoni Article: "Alnasiri: Implementation of the Central Bank's strategy contributed to the improvement of the dinar's exchange rate against the dollar" They had a few months with the UST and IMF to figure out a plan to reduce the spread. It seems likely they are ontrack to compliance. We all know the investment won't come if they do not get the market economy going. Time is running out. I believe once it starts, it won't take more than a year to rise to a value we are comfortable with. Seems all we are waiting on now is sustainable compliance with the 2% spread. We just watch and wait and see.
3-11-2018 Intel Guru Dr. Clarke The Middle East culture is very “tight knit”, and is BUILT on Patterns, Cycles, Superstitions, History, Religion, Omens, DATES...and DECOYS. We Believe, and have for some time ...that this DATE holds special significance, with regard to Iraq OFFICIALLY & PUBLICLY raising the RATE VALUE of their Dinar. WE’RE LOOKING at “EVERY DAY”, over the next 2 WEEKS, as a VERY HIGH Probability of this RATE VALUE increase, HAPPENING - OFFICIALLY & PUBLICLY...Leading up to MARCH 24th, 2018...given what we just learned Late Last night. ...that “ONE Big Funding Issue”, has still not been resolved. It HAS TO BE, in order for everything else to MOVE, like you want it to. We’re WAITING. [post 3 of 3]
3-11-2018 Intel Guru Dr. Clarke When did Kuwait Substantially Increase the Value of their Currency back to the $3.00+ range? MARCH 24th...a Sunday. There was NO BUDGET needing to be Passed...NO LAWS needing to be Passed...NO AUCTIONS needing to stop or suspend...NO GAZETTE required. In fact, the country was in SHAMBLES, with NOTHING ORGANIZED, water & electricity down, with BANKS being closed, except for a couple dozen, opened JUST FOR THIS EVENT of exchanging DURING the NEXT 6 WEEKS, as the RATE VALUE suddenly, with no advance warning, except to say that they publicly announced it would be a YEAR before anything changed...OFFICIALLY & PUBLICLY, SUBSTANTIALLY RAISED IN VALUE. [post 2 of 3....stay tuned]
3-11-2018 Intel Guru Dr. Clarke According to what we just learned Late Last Evening - That “ONE major Funding issue” we talked about in our Last Post - Is still open. What is it? The RATE VALUE OF THE DINAR, HAS NOT OFFICIALLY & PUBLICLY, SUBSTANTIALLY RAISED IN VALUE. ...Until Iraq makes their Dinar Rate OFFICIALLY PUBLIC, PUBLIC, PUBLIC...NOTHING ELSE HAPPENS! Additionally, NO OTHER CURRENCIES will move substantially, eventually, either, UNTIL THIS HAPPENS. IT IS SUPER CLOSE...to those Digits Moving Up. [post 1 of 3....stay tuned]
3-11-2018 Newshound/Intel Guru Mnt Goat But remember I am still being told to look forward to the re-education program in the news media. It will explicitly say the “project to delete the zeros”. This has not yet happened to the extent I am told it must go. Yes , there is much televised news of new category notes coming out shortly. Some channels are telling us in the “coming days” while others are saying in the “coming weeks”. They are even explaining the new notes. [post 2 of 2]
3-11-2018 Newshound/Intel Guru Mnt Goat ...we see the IMF apposing the budget allocations to Kurdistan. Will they hold up the RV due to this or will they mind their own business? Maybe its time to mind their own business in internal affairs. Think about this – the only real strong hold the IMF now has over Iraq are the SDR loan program and the completion of currency reform. So what do they still need Iraq to complete prior to the currency reform? Legally the only issue they really can force Iraq to complete is the MCP and we know this is nearing the end of the 90 day application of correction period. This is why I believe we may very well be heading into a window of opportunity to finally get this currency reform completed. [post 1 of 2....stay tuned]
3-11-2018 Intel Guru Dr. Clarke The Middle East culture is very “tight knit”, and is BUILT on Patterns, Cycles, Superstitions, History, Religion, Omens, DATES...and DECOYS. We Believe, and have for some time ...that this DATE holds special significance, with regard to Iraq OFFICIALLY & PUBLICLY raising the RATE VALUE of their Dinar. WE’RE LOOKING at “EVERY DAY”, over the next 2 WEEKS, as a VERY HIGH Probability of this RATE VALUE increase, HAPPENING - OFFICIALLY & PUBLICLY...Leading up to MARCH 24th, 2018...given what we just learned Late Last night. ...that “ONE Big Funding Issue”, has still not been resolved. It HAS TO BE, in order for everything else to MOVE, like you want it to. We’re WAITING. [post 3 of 3]
3-11-2018 Intel Guru Dr. Clarke When did Kuwait Substantially Increase the Value of their Currency back to the $3.00+ range? MARCH 24th...a Sunday. There was NO BUDGET needing to be Passed...NO LAWS needing to be Passed...NO AUCTIONS needing to stop or suspend...NO GAZETTE required. In fact, the country was in SHAMBLES, with NOTHING ORGANIZED, water & electricity down, with BANKS being closed, except for a couple dozen, opened JUST FOR THIS EVENT of exchanging DURING the NEXT 6 WEEKS, as the RATE VALUE suddenly, with no advance warning, except to say that they publicly announced it would be a YEAR before anything changed...OFFICIALLY & PUBLICLY, SUBSTANTIALLY RAISED IN VALUE. [post 2 of 3....stay tuned]
3-11-2018 Intel Guru Dr. Clarke According to what we just learned Late Last Evening - That “ONE major Funding issue” we talked about in our Last Post - Is still open. What is it? The RATE VALUE OF THE DINAR, HAS NOT OFFICIALLY & PUBLICLY, SUBSTANTIALLY RAISED IN VALUE. ...Until Iraq makes their Dinar Rate OFFICIALLY PUBLIC, PUBLIC, PUBLIC...NOTHING ELSE HAPPENS! Additionally, NO OTHER CURRENCIES will move substantially, eventually, either, UNTIL THIS HAPPENS. IT IS SUPER CLOSE...to those Digits Moving Up. [post 1 of 3....stay tuned]
3-11-2018 Newshound/Intel Guru Mnt Goat But remember I am still being told to look forward to the re-education program in the news media. It will explicitly say the “project to delete the zeros”. This has not yet happened to the extent I am told it must go. Yes , there is much televised news of new category notes coming out shortly. Some channels are telling us in the “coming days” while others are saying in the “coming weeks”. They are even explaining the new notes. [post 2 of 2]
3-11-2018 Newshound/Intel Guru Mnt Goat ...we see the IMF apposing the budget allocations to Kurdistan. Will they hold up the RV due to this or will they mind their own business? Maybe its time to mind their own business in internal affairs. Think about this – the only real strong hold the IMF now has over Iraq are the SDR loan program and the completion of currency reform. So what do they still need Iraq to complete prior to the currency reform? Legally the only issue they really can force Iraq to complete is the MCP and we know this is nearing the end of the 90 day application of correction period. This is why I believe we may very well be heading into a window of opportunity to finally get this currency reform completed. [post 1 of 2....stay tuned]
3-10-2018 Newshound/Intel Guru Mnt Goat ...I was being told that some news was coming from the CBI about the currency reform. But we did not yet get it. It could still happen this weekend. We will see.
3-10-2018 Newshound Guru sandyf [...trying to establish if the HCL is a necessity...] ...how is the HCL tied to a rate increase? I wouldn't know if it is one way or the other, but some seem to think it is. The HCL first saw the light of day in 2007 and the profit sharing aspect has been so contentious there needs to be some serious amendment to see some sort of agreement. Article 140 also needs to be addressed before they can establish who can deal with whom.
3-10-2018 Newshound Guru mike Article quotes: "The International Monetary Fund on Saturday rejected the Iraqi financial budget for 2018, which voted the Iraqi parliament passed last week." "...because it was contrary to the agreement signed by Iraq, according to the Iraqi News Agency (INA)." ...the Iraqi's ignored the IMF's advice and now they're in a jam. And yet, these folks are going to want the financial support and handouts the world can offer. The corruption is crippling this country...
3-10-2018 Newshound Guru Don961 Article quotes: "Oil expert Hamza al-Jawahiri revealed on Thursday the shares that the Iraqi citizen will receive from oil revenues according to the law of the National Oil Company..." "...the first will be to support the capital of the company, and the second citizen fund, which includes the transfer of the country's wealth to the people, Producing oil 'noting that' each fund will have a rate of 2.5 percent of oil revenues'. "The percentage of the citizen is 2.5 percent will hit the annual oil revenues of Iraq, which we assume that these revenues $ 80 billion and thus every citizen will receive $ 50 each of his share of the wealth of oil," Important for ... This is what the citizen will receive annually from the wealth of oil according to the new law...
Math :
Est. $80,000,000,000 in revenues ...
Citizens' share .... 2.5% ...
80,000,000,000 x 0.025 = 2,000,000,000
2,000,000,000, / approx. 38,000,000 population = $52.63 per share...imo
3-10-2018 Newshound Guru MilitiaMan Article: "Trading currencies" Quote: "We now have a currency that is not previously known by the current monetary capital authority that has swept the development field and is keeping pace with the pattern managed and organized by the giant economies." ...it sure looks like this article is telling us that what is coming is here now. Most of the Iraq population has no idea about smaller notes from the past. "We now have a currency not previously known...." That part is like music to my ears. The have new products in banks.. Okay, would that be the new lower notes spoken about in Jordan TV? Sure sounding like it is...imo.
3-10-2018 Newshound Guru sandyf [...trying to establish if the HCL is a necessity...] ...how is the HCL tied to a rate increase? I wouldn't know if it is one way or the other, but some seem to think it is. The HCL first saw the light of day in 2007 and the profit sharing aspect has been so contentious there needs to be some serious amendment to see some sort of agreement. Article 140 also needs to be addressed before they can establish who can deal with whom.
3-10-2018 Newshound Guru mike Article quotes: "The International Monetary Fund on Saturday rejected the Iraqi financial budget for 2018, which voted the Iraqi parliament passed last week." "...because it was contrary to the agreement signed by Iraq, according to the Iraqi News Agency (INA)." ...the Iraqi's ignored the IMF's advice and now they're in a jam. And yet, these folks are going to want the financial support and handouts the world can offer. The corruption is crippling this country...
3-10-2018 Newshound Guru Don961 Article quotes: "Oil expert Hamza al-Jawahiri revealed on Thursday the shares that the Iraqi citizen will receive from oil revenues according to the law of the National Oil Company..." "...the first will be to support the capital of the company, and the second citizen fund, which includes the transfer of the country's wealth to the people, Producing oil 'noting that' each fund will have a rate of 2.5 percent of oil revenues'. "The percentage of the citizen is 2.5 percent will hit the annual oil revenues of Iraq, which we assume that these revenues $ 80 billion and thus every citizen will receive $ 50 each of his share of the wealth of oil," Important for ... This is what the citizen will receive annually from the wealth of oil according to the new law...
Math :
Est. $80,000,000,000 in revenues ...
Citizens' share .... 2.5% ...
80,000,000,000 x 0.025 = 2,000,000,000
2,000,000,000, / approx. 38,000,000 population = $52.63 per share...imo
3-10-2018 Newshound Guru MilitiaMan Article: "Trading currencies" Quote: "We now have a currency that is not previously known by the current monetary capital authority that has swept the development field and is keeping pace with the pattern managed and organized by the giant economies." ...it sure looks like this article is telling us that what is coming is here now. Most of the Iraq population has no idea about smaller notes from the past. "We now have a currency not previously known...." That part is like music to my ears. The have new products in banks.. Okay, would that be the new lower notes spoken about in Jordan TV? Sure sounding like it is...imo.
3-9-2018 Newshound/Intel Guru BGG Further, getting this done could be a huge step towards getting Abadi re-elected. Think about the mentality of the voter who stands to share in oil revenues in the near future based on this move by Abadi. The Kurds thinking they would (or could) “dethrone” Abadi may also well be the best thing that could have happened to him. Barzani gave everyone the perfect scapegoat – what with him snubbing the WORLD and then getting outed as being all tangled up with Maliki and such. All of this just got everyone South of Erbil on the same page (more or less) and voting something like this through… and it’s happening almost OVERNITE, RIGHT UNDER EVERYONE’S NOSES. Imagine that – The Iraqi Parliament passing something like this without needing any Kurdish support. I say – miracle of all miracles… [post 2 of 2]
3-9-2018 Newshound/Intel Guru BGG “Law of the National Oil Company .. A new era for the development of the economy” …In some strange way, the Kurds may have forced everyone’s hand on some sort of improvised HCL in the form of this “National Oil Company” Law. The Iraqis are famous for vagaries and a fluid sense of description. It is not uncommon for their terminology and phrasing to be constantly changing. Everyone imagined an HCL (agreement) Law would be something of a replacement for the current HCL in a “repeal and replace” sort of move. However, this may well be what they settle on after all. It seems to do, in principle, everything a new HCL agreement was meant to do. There seems to be a lot of internal excitement over it. [post 1 of 2....stay tuned]
3-9-2018 Newshound Guru Kaperoni The rumors of some article saying the dinar is being replaced/upgraded is not true. I have found no such article.
3-9-2018 Intel Guru Bruce I really felt every indication we were getting was pointing towards a Go time today [Thursday]. I do know Iraq is planning on to do some type of celebration day. A national holiday is coming up Sunday in Kurdistan. I know the lower denominations are out since last Saturday. They have been using lower denominations and getting instructions on Iraqi TV on how to use them, the meaning and value of them. Basically what we don’t know yet is the actual rate for the dinar visible, is it out yet. There is no reason for them to have that rate out, exposed to the internationally community. I am thinking the timing for that to be revealed may coincide with our start here. Our indication was very positive actually for today [Thursday]. ...we will see what happens tonight. I am excited about where we are...I do believe we will see this thing in short order.
3-9-2018 Newshound/Intel Gur Mnt Goat Articles: "INCLUSION OF THE LAW OF THE NATIONAL OIL COMPANY IN THE AGENDA OF THE HOUSE OF REPRESENTATIVES" "AL-ALLAIBI: THE VOTE ON THE LAW OF THE NATIONAL OIL COMPANY IS AN HISTORIC DECISION AIMED AT PROTECTING THE NATIONAL WEALTH" "THE ALLOCATION OF A SHARE OF THE NATIONAL OIL COMPANY TO THE CITIZENS" ...here comes HCL. ...HCL will come prior to the RV. No HCL…No RV! IT IS A MANDATORY REQUIREMENT BY THE USA AND IMF. ...do you realize just how good this news is? It is wonderful and amazing news. This is what we have been waiting for now for over 10 years and HCL is finally here…WOW...WOW...WOW!
3-9-2018 Intel Guru RayRen98 Iraqi TV continues to broadcast that lower denominations are part of the monetary reform and should be in full distribution in the coming weeks. All salaries are to be paid within ten days - (just not sure at which rate yet).
3-9-2018 Newshound/Intel Guru BGG “Law of the National Oil Company .. A new era for the development of the economy” …In some strange way, the Kurds may have forced everyone’s hand on some sort of improvised HCL in the form of this “National Oil Company” Law. The Iraqis are famous for vagaries and a fluid sense of description. It is not uncommon for their terminology and phrasing to be constantly changing. Everyone imagined an HCL (agreement) Law would be something of a replacement for the current HCL in a “repeal and replace” sort of move. However, this may well be what they settle on after all. It seems to do, in principle, everything a new HCL agreement was meant to do. There seems to be a lot of internal excitement over it. [post 1 of 2....stay tuned]
3-9-2018 Newshound Guru Kaperoni The rumors of some article saying the dinar is being replaced/upgraded is not true. I have found no such article.
3-9-2018 Intel Guru Bruce I really felt every indication we were getting was pointing towards a Go time today [Thursday]. I do know Iraq is planning on to do some type of celebration day. A national holiday is coming up Sunday in Kurdistan. I know the lower denominations are out since last Saturday. They have been using lower denominations and getting instructions on Iraqi TV on how to use them, the meaning and value of them. Basically what we don’t know yet is the actual rate for the dinar visible, is it out yet. There is no reason for them to have that rate out, exposed to the internationally community. I am thinking the timing for that to be revealed may coincide with our start here. Our indication was very positive actually for today [Thursday]. ...we will see what happens tonight. I am excited about where we are...I do believe we will see this thing in short order.
3-9-2018 Newshound/Intel Gur Mnt Goat Articles: "INCLUSION OF THE LAW OF THE NATIONAL OIL COMPANY IN THE AGENDA OF THE HOUSE OF REPRESENTATIVES" "AL-ALLAIBI: THE VOTE ON THE LAW OF THE NATIONAL OIL COMPANY IS AN HISTORIC DECISION AIMED AT PROTECTING THE NATIONAL WEALTH" "THE ALLOCATION OF A SHARE OF THE NATIONAL OIL COMPANY TO THE CITIZENS" ...here comes HCL. ...HCL will come prior to the RV. No HCL…No RV! IT IS A MANDATORY REQUIREMENT BY THE USA AND IMF. ...do you realize just how good this news is? It is wonderful and amazing news. This is what we have been waiting for now for over 10 years and HCL is finally here…WOW...WOW...WOW!
3-9-2018 Intel Guru RayRen98 Iraqi TV continues to broadcast that lower denominations are part of the monetary reform and should be in full distribution in the coming weeks. All salaries are to be paid within ten days - (just not sure at which rate yet).
3-8-2018 Newshound/Intel Guru BGG Is this recent 11.74 rate thing real? No – of course it isn’t, but you already knew that. Right? It was some kind of glitch. A software error. Someone jacking everyone around (aka – “THE JACK FACTOR”). When there is a real value change, it will be real everywhere. There won’t be any doubt and you WILL KNOW. Did it get everyone a little excited?? Yeah – but not yet. On the other hand...Recently, there has been a SIGNIFICANT tightening of the “Official Rate / Market Rate” – I think it is getting VERY CLOSE to being within IMF compliance. This is REAL. I cannot recall this ever being the case.
3-8-2018 Newshound/Intel Guru Mnt Goat Article: "A TRY TO RE-VOTE ON THE SHARE OF THE KURDISTAN REGION OF THE FEDERAL BUDGET" Quote: "The head of the bloc “will” in the Iraqi parliament Hanan al-Fatlawi on Monday to re-vote on the share of the Kurdistan Region of the federal budget for the current year and return it to what it was in previous years to 17%." ...this revote will not happen. Instead the GOI will make some concessions with the KRG, now that they have their attention.
3-8-2018 Newshound/Intel Guru BGG Article: "The provincial government announces a political meeting on the budget and send a message to Baghdad" This is almost comical...Think about this for a sec...These guys, none of whom are elected and aren’t regional MP’s (because the Parliament was disbanded by Massoud Barzani) – are only advisers to Nerchivan Barzani who wasn’t elected either...all get together, look “super-duper” official and “send a message” to Baghdad. Really?!?
3-8-2018 Intel Guru ADMINBILL The news remains very positive. Break out your dancing shoes just in case there is a need to celebrate. As soon as there is more information that i can share i will... But let's not jump the gun...remain happy dinarians.
3-8-2018 Newshound Guru chattels I am thinking that the implementation / application of the INOC [Iraq National Oil Company] could be an alter ego to the HCL or a precursor of it. The INOC does not specifically resolve all HCL issues, but it may be a foundational framework for it. There are significant constitutional issues that may be addressed going forward with the INOC regarding the federalism issues with the HCL.
3-8-2018 Intel Guru RayRen98 We have been getting reports from Iraqi citizens that they expect to see lower denominations in the next few weeks; there is a campaign to educate them on these lower denominations and how to take advantage of them. We’ll see. Positive, progress, moving us in the right direction. I am reading an article saying that the final Budget amendments were made with approval of the Prime Minister. He is not waiting the 18 days, he has already approved them. All we are waiting for now is the Gazette, which couldn’t publish it until it was approved.
3-8-2018 Newshound Guru chattels ...National Oil Law is not the HCL.
3-8-2018 Intel/Newshound Guru sandyf There is a fundamental difference between an "International currency" and an "Internationally recognised currency"... Article 8 would make the IQD an "Internationally recognised currency" which means that it would normally be exchanged at banks worldwide, it does not mean it can be normally used to make payment in international trade. When the IQD comes under Article 8, it will move from a non convertible currency to a partially convertible currency and international trade is normally conducted in a fully convertible currency, about 80 percent of which is in USD. For countries to trade in their own currencies it would normally require a bilateral agreement.
3-8-2018 Newshound/Intel Guru Mnt Goat Article: "A TRY TO RE-VOTE ON THE SHARE OF THE KURDISTAN REGION OF THE FEDERAL BUDGET" Quote: "The head of the bloc “will” in the Iraqi parliament Hanan al-Fatlawi on Monday to re-vote on the share of the Kurdistan Region of the federal budget for the current year and return it to what it was in previous years to 17%." ...this revote will not happen. Instead the GOI will make some concessions with the KRG, now that they have their attention.
3-8-2018 Newshound/Intel Guru BGG Article: "The provincial government announces a political meeting on the budget and send a message to Baghdad" This is almost comical...Think about this for a sec...These guys, none of whom are elected and aren’t regional MP’s (because the Parliament was disbanded by Massoud Barzani) – are only advisers to Nerchivan Barzani who wasn’t elected either...all get together, look “super-duper” official and “send a message” to Baghdad. Really?!?
3-8-2018 Intel Guru ADMINBILL The news remains very positive. Break out your dancing shoes just in case there is a need to celebrate. As soon as there is more information that i can share i will... But let's not jump the gun...remain happy dinarians.
3-8-2018 Newshound Guru chattels I am thinking that the implementation / application of the INOC [Iraq National Oil Company] could be an alter ego to the HCL or a precursor of it. The INOC does not specifically resolve all HCL issues, but it may be a foundational framework for it. There are significant constitutional issues that may be addressed going forward with the INOC regarding the federalism issues with the HCL.
3-8-2018 Intel Guru RayRen98 We have been getting reports from Iraqi citizens that they expect to see lower denominations in the next few weeks; there is a campaign to educate them on these lower denominations and how to take advantage of them. We’ll see. Positive, progress, moving us in the right direction. I am reading an article saying that the final Budget amendments were made with approval of the Prime Minister. He is not waiting the 18 days, he has already approved them. All we are waiting for now is the Gazette, which couldn’t publish it until it was approved.
3-8-2018 Newshound Guru chattels ...National Oil Law is not the HCL.
3-8-2018 Intel/Newshound Guru sandyf There is a fundamental difference between an "International currency" and an "Internationally recognised currency"... Article 8 would make the IQD an "Internationally recognised currency" which means that it would normally be exchanged at banks worldwide, it does not mean it can be normally used to make payment in international trade. When the IQD comes under Article 8, it will move from a non convertible currency to a partially convertible currency and international trade is normally conducted in a fully convertible currency, about 80 percent of which is in USD. For countries to trade in their own currencies it would normally require a bilateral agreement.
3-7-2018 Newshound Guru Adam Montana This is a crazy time for the dinar, and when things like this happen... there's a good chance that there is a REASON for it. There is no verification of the "reason" right now, but I don't believe in coincidences. I am receiving an overwhelming amount of similar "rumors" from sources that don't generally react to anything of the sort. Some of these messages and calls are coming from people that I have business relationships with, but have NEVER contacted me regarding something that could be considered a "rumor". Things happen... for a reason. I'll be back with more thoughts once I get some return calls. [post 2 of 2]
3-7-2018 Newshound Guru Adam Montana There was a rumor this week that a lot of people brought to my attention. Yes, I've been on top of it. No, the rate has not officially changed. Here's the deal: I hear more rumors than most, and I consider it my "job" to verify anything significant. The recent "buzz" about the rate change on Google and a few other places is causing a lot of buzz. Anytime something like this happens, the first thing I do is check with my top advisors. These are the people that are first-string contacts for us when we go to cash in, and even some of THEM have been double checking with me! [post 1 of 2....stay tuned]
3-7-2018 Newshound/Intel Guru Mnt Goat Here it comes...RV...All I can say is – I TOLD YOU SO! Here come the re-education process we have been waiting for all along. Folks – Iraq is starting the rollout the rollout. Now be patient and let the process go forward. We will be at the banks shortly. On Tuesday Iraqi TV was showing lower category notes and explaining them to give the citizens instructions on how to use them and what to expect in the coming weeks. WOW! Then later out pops this article in the news media. Can it get any better? Article: "CURRENT NOTES SOON TO BE REPLACED" Quote: "About 5 trillion Iraqi dinars ($4.3 billion USD) will circulate along with the old notes, said al-Yasseri, gradually replacing the older issues. He added that for now, both old and new notes will circulate side-by-side."
3-7-2018 Newshound Guru mike Quote: "Government / private banks and authorized financial transfer companiesM / training course...We would like to inform you about a training course entitled "Counterfeiting and counterfeiting local and foreign currency and counterfeiting" ...who counterfeits a currency worth 0.00090 to the dollar? And, it's not even accepted outside of Iraq itself. Counterfeiting a $100 bill makes perfect sense, but a 50K note worth $40 bucks? [They look towards the future Mike.] I guess so but Iraq's currency will slowly rise in value due to the effect of the Balasaa-Samuelson effect, it's not an overnight deal. In addition, security symbols, raised dots, colored threads and the Spark optical features make this one of the toughest currencies to counterfeit today. With a value of 0.00090 to $1. Shabibi told us all throughout 2011 and 2012 that counterfeiting was an excuse by Iraq's leadership to not make a change in the value of the dinar. It was a scare tactic. Why we're still seeing this stuff is beyond me. ...it sure seems like a lot of work for a currency that's essentially worthless outside the country.
3-7-2018 Newshound Guru G-Lin Article: "Law of the National Oil Company .. A new era for the development of the economy" This...art. tells us that "the Iraqi National Oil Company will be the second largest oil company in the world after Aramco and the largest of all international oil companies. Good stuff. How can Iraq continue to conduct business with a programed artificial devalued rate and operate as the 2nd largest oil co. in the world? Doesn't make sense at all to me. They also are beefing up their export industry and that is what we need to see. The tradable international rate will need to be in place IMO.
3-7-2018 Intel Guru Bruce I was completely convinced over the weekend and into yesterday that we were looking to go even today [Tuesday] with our start. There had been some indications that were pointing that way. Then we get into today a little bit more and we find out this is still going on and we may have to wait a day or so. That is kind of where we are. That budget was sitting around waiting for a final reading or some kind of formality on Saturday and it was handled, but it still did not go into the Gazette Saturday...I have been told they expect it to go into the Gazette tomorrow [Wednesday] . Let’s see if that happens. If it does happens we think the rate for the dinar should come out as well. Iraqi lower denominations were being discussed also how to use the lower denoms on Iraqi TV...for sure today. Iraq has their lower denominations out and to the best of my knowledge in use. When that happens so you can use the lower demons, you have to have a rate change to make that work.
3-7-2018 Intel Guru Delta [Is this a mistake?? I just received an alert email from investing.com] VERY INTERESTING TIME...ALSO IT'S IN REAL TIME 1USD=11.74IQD...ALSO 52 WK LOW IS SHOWING 1-1 (wink) IT DID HAPPEN BEFORE...BUT THIS TIME COULD BE SOMETHING ...LIKE WE SAID...IT MIGHT SHOW FIRST ON FOREX...WE WILL SEE.
3-7-2018 Newshound Breitling They said they got it [note count] down to 4 billion notes. In my mind they are looking at the different denominations. One of the generals who put the currency out that you and I have…american general…he said Iraq’s goal, very specific, is to get to a billion notes and those billion notes will represent their wealth. It’s that easy. The reality is they are at 4 billion and when we get at a billion they said they plan to get it to $3.25. That’s all the information we have. There hasn’t been any [updated] reports. I haven’t seen anything.
3-7-2018 Newshound Guru G-Lin Article: "Parliamentary Energy: The law of the National Oil Company will give a share to every Iraqi citizen" It has taken years. But it did pass and having them all agree on it was the biggest hurdle. Finally profit sharing is addressed. This is the biggy. The entire world has been waiting for this and now it is done.
3-7-2018 Newshound Guru Adam Montana There was a rumor this week that a lot of people brought to my attention. Yes, I've been on top of it. No, the rate has not officially changed. Here's the deal: I hear more rumors than most, and I consider it my "job" to verify anything significant. The recent "buzz" about the rate change on Google and a few other places is causing a lot of buzz. Anytime something like this happens, the first thing I do is check with my top advisors. These are the people that are first-string contacts for us when we go to cash in, and even some of THEM have been double checking with me! [post 1 of 2....stay tuned]
3-7-2018 Newshound/Intel Guru Mnt Goat Here it comes...RV...All I can say is – I TOLD YOU SO! Here come the re-education process we have been waiting for all along. Folks – Iraq is starting the rollout the rollout. Now be patient and let the process go forward. We will be at the banks shortly. On Tuesday Iraqi TV was showing lower category notes and explaining them to give the citizens instructions on how to use them and what to expect in the coming weeks. WOW! Then later out pops this article in the news media. Can it get any better? Article: "CURRENT NOTES SOON TO BE REPLACED" Quote: "About 5 trillion Iraqi dinars ($4.3 billion USD) will circulate along with the old notes, said al-Yasseri, gradually replacing the older issues. He added that for now, both old and new notes will circulate side-by-side."
3-7-2018 Newshound Guru mike Quote: "Government / private banks and authorized financial transfer companiesM / training course...We would like to inform you about a training course entitled "Counterfeiting and counterfeiting local and foreign currency and counterfeiting" ...who counterfeits a currency worth 0.00090 to the dollar? And, it's not even accepted outside of Iraq itself. Counterfeiting a $100 bill makes perfect sense, but a 50K note worth $40 bucks? [They look towards the future Mike.] I guess so but Iraq's currency will slowly rise in value due to the effect of the Balasaa-Samuelson effect, it's not an overnight deal. In addition, security symbols, raised dots, colored threads and the Spark optical features make this one of the toughest currencies to counterfeit today. With a value of 0.00090 to $1. Shabibi told us all throughout 2011 and 2012 that counterfeiting was an excuse by Iraq's leadership to not make a change in the value of the dinar. It was a scare tactic. Why we're still seeing this stuff is beyond me. ...it sure seems like a lot of work for a currency that's essentially worthless outside the country.
3-7-2018 Newshound Guru G-Lin Article: "Law of the National Oil Company .. A new era for the development of the economy" This...art. tells us that "the Iraqi National Oil Company will be the second largest oil company in the world after Aramco and the largest of all international oil companies. Good stuff. How can Iraq continue to conduct business with a programed artificial devalued rate and operate as the 2nd largest oil co. in the world? Doesn't make sense at all to me. They also are beefing up their export industry and that is what we need to see. The tradable international rate will need to be in place IMO.
3-7-2018 Intel Guru Bruce I was completely convinced over the weekend and into yesterday that we were looking to go even today [Tuesday] with our start. There had been some indications that were pointing that way. Then we get into today a little bit more and we find out this is still going on and we may have to wait a day or so. That is kind of where we are. That budget was sitting around waiting for a final reading or some kind of formality on Saturday and it was handled, but it still did not go into the Gazette Saturday...I have been told they expect it to go into the Gazette tomorrow [Wednesday] . Let’s see if that happens. If it does happens we think the rate for the dinar should come out as well. Iraqi lower denominations were being discussed also how to use the lower denoms on Iraqi TV...for sure today. Iraq has their lower denominations out and to the best of my knowledge in use. When that happens so you can use the lower demons, you have to have a rate change to make that work.
3-7-2018 Intel Guru Delta [Is this a mistake?? I just received an alert email from investing.com] VERY INTERESTING TIME...ALSO IT'S IN REAL TIME 1USD=11.74IQD...ALSO 52 WK LOW IS SHOWING 1-1 (wink) IT DID HAPPEN BEFORE...BUT THIS TIME COULD BE SOMETHING ...LIKE WE SAID...IT MIGHT SHOW FIRST ON FOREX...WE WILL SEE.
3-7-2018 Newshound Breitling They said they got it [note count] down to 4 billion notes. In my mind they are looking at the different denominations. One of the generals who put the currency out that you and I have…american general…he said Iraq’s goal, very specific, is to get to a billion notes and those billion notes will represent their wealth. It’s that easy. The reality is they are at 4 billion and when we get at a billion they said they plan to get it to $3.25. That’s all the information we have. There hasn’t been any [updated] reports. I haven’t seen anything.
3-7-2018 Newshound Guru G-Lin Article: "Parliamentary Energy: The law of the National Oil Company will give a share to every Iraqi citizen" It has taken years. But it did pass and having them all agree on it was the biggest hurdle. Finally profit sharing is addressed. This is the biggy. The entire world has been waiting for this and now it is done.
3-6-2018 Intel Guru Frank26 NOW...THINGS ARE...FAST...EXPEDITIOUS.
3-6-2018 Newshound Breitling …They’re going to add value to their currency…their plan was to rebuild their economy and…they wanted to get as modern as possible and be able to get outside of the oil industry. They wanted to be able to diversify so they had a little bit of insurance. And that’s still their intent. The first step in order for them to do that is to add value to their currency. That way they have purchasing power to be able to go out in the world and compete with their own currency…it’s very very simple….they have 2 options to revalue. They can revalue in an up market or they can revalue in a down market. There’s no way they are going to get out of it. Either way they have plans to do so. Nothing has changed. If you look at their original statements that came out of the CBI, the Ministry of Planning and Parliament…when they went to the IMF they said they wanted to get their currency back to $3.25…Iraq has a plan. It hasn’t changed. The only opinion that should concern you is the CBI, the Ministry of Planning and Parliament. Nothing has changed.
3-6-2018 Newshound Guru G-Lin Article: "Parliamentary Energy: The law of the National Oil Company will give a share to every Iraqi citizen" Quote: "The Iraqi oil and energy committee revealed on Tuesday that the Iraqi National Oil Company (INCOC) will include at least 10 percent of the funds in the first experiment in the country, while one of the funds will give each Iraqi citizen residing within the country a share of that percentage." woohoo...
3-6-2018 Newshound/Intel Guru BGG Article: "Sadrists rally against corruption in Baghdad ahead of elections" Quotes: "Supporters of fiercely pro-Iraq Shiite cleric Muqtada al-Sadr gather on Friday at the nation’s capital. Some held signs reading “the people demand accountability for the corrupt...Others read “million-man march, reformist, electoral, walking towards reform....The country is set to hold May 12 parliamentary elections." This may be some of the best news yet. Seeing Sadr and his people on this side of things is a very, very big deal.
3-6-2018 Intel Guru RayRen98 ...REPORTEDLY FROM A FEW SOURCES - IRAQI TV IS SHOWING LOWER DENOMS GIVING THE CITIZENS INSTRUCTIONS ON HOW TO USE THEM AND WHAT TO EXPECT. - TIME WILL TELL
3-6-2018 Newshound/Intel Guru Mnt Goat I still don’t get all the excitement that the rate was in the budget therefore they had to pass the budget to get the RV. ...There is no new rate contained within the budget. The budget simply states the allowance of funding in dinars. ...Now having said all this I am told the budget passing parliament was a mandate to move ahead with the reinstatement of the currency...it is all part of having a structured government and a democracy in motion. They must be able to manage the oil revenue in a responsible way and distribute it to the nation and for the good of the nation. It can not go to corrupt officials. It is also part of resolving the Article 140. This is why the budget was so important. I believe now we will see a massive amount of news come out of the CBI all of a sudden on the continuance of the project to delete the zeros, as they educate the citizens on the even [event ?] about to take place. Wait and watch!
3-6-2018 Newshound Guru Aggiedad77 Article: "A blatant violation of Iraqi sovereignty .. America is taking over the political decision in the country" Quote: "...Washington moved an American force to protect the upcoming elections, and is planned to spread those forces in Nineveh, Arbil, Anbar, Diyala and Salahuddin, especially in the disputed areas." THIS IS HUGE NEWS... CONFIRMATION OF GOOD THINGS TO COME IMO...THIS WILL ASSURE..."WE WON" IMO...HAPPY DAYS...THE BEST IS ON ITS WAY...IMO...
3-6-2018 Newshound Breitling …They’re going to add value to their currency…their plan was to rebuild their economy and…they wanted to get as modern as possible and be able to get outside of the oil industry. They wanted to be able to diversify so they had a little bit of insurance. And that’s still their intent. The first step in order for them to do that is to add value to their currency. That way they have purchasing power to be able to go out in the world and compete with their own currency…it’s very very simple….they have 2 options to revalue. They can revalue in an up market or they can revalue in a down market. There’s no way they are going to get out of it. Either way they have plans to do so. Nothing has changed. If you look at their original statements that came out of the CBI, the Ministry of Planning and Parliament…when they went to the IMF they said they wanted to get their currency back to $3.25…Iraq has a plan. It hasn’t changed. The only opinion that should concern you is the CBI, the Ministry of Planning and Parliament. Nothing has changed.
3-6-2018 Newshound Guru G-Lin Article: "Parliamentary Energy: The law of the National Oil Company will give a share to every Iraqi citizen" Quote: "The Iraqi oil and energy committee revealed on Tuesday that the Iraqi National Oil Company (INCOC) will include at least 10 percent of the funds in the first experiment in the country, while one of the funds will give each Iraqi citizen residing within the country a share of that percentage." woohoo...
3-6-2018 Newshound/Intel Guru BGG Article: "Sadrists rally against corruption in Baghdad ahead of elections" Quotes: "Supporters of fiercely pro-Iraq Shiite cleric Muqtada al-Sadr gather on Friday at the nation’s capital. Some held signs reading “the people demand accountability for the corrupt...Others read “million-man march, reformist, electoral, walking towards reform....The country is set to hold May 12 parliamentary elections." This may be some of the best news yet. Seeing Sadr and his people on this side of things is a very, very big deal.
3-6-2018 Intel Guru RayRen98 ...REPORTEDLY FROM A FEW SOURCES - IRAQI TV IS SHOWING LOWER DENOMS GIVING THE CITIZENS INSTRUCTIONS ON HOW TO USE THEM AND WHAT TO EXPECT. - TIME WILL TELL
3-6-2018 Newshound/Intel Guru Mnt Goat I still don’t get all the excitement that the rate was in the budget therefore they had to pass the budget to get the RV. ...There is no new rate contained within the budget. The budget simply states the allowance of funding in dinars. ...Now having said all this I am told the budget passing parliament was a mandate to move ahead with the reinstatement of the currency...it is all part of having a structured government and a democracy in motion. They must be able to manage the oil revenue in a responsible way and distribute it to the nation and for the good of the nation. It can not go to corrupt officials. It is also part of resolving the Article 140. This is why the budget was so important. I believe now we will see a massive amount of news come out of the CBI all of a sudden on the continuance of the project to delete the zeros, as they educate the citizens on the even [event ?] about to take place. Wait and watch!
3-6-2018 Newshound Guru Aggiedad77 Article: "A blatant violation of Iraqi sovereignty .. America is taking over the political decision in the country" Quote: "...Washington moved an American force to protect the upcoming elections, and is planned to spread those forces in Nineveh, Arbil, Anbar, Diyala and Salahuddin, especially in the disputed areas." THIS IS HUGE NEWS... CONFIRMATION OF GOOD THINGS TO COME IMO...THIS WILL ASSURE..."WE WON" IMO...HAPPY DAYS...THE BEST IS ON ITS WAY...IMO...
3-5-2018 Newshound Guru chattels When "Kap" [Guru Kaperoni] says that we are close he is referring to the 2% variance or spread between the official rate and the "street" rate / parallel market rate. [reference Guru Kaperoni post 3-5-2018]
3-5-2018 Newshound Guru Walkingstick Article: "The Council ended the vote on the draft law of the Iraqi National Oil Company..." Quote: "The Council also completed the vote on a parliamentary resolution that includes the Minister of Finance in coordination with the Minister of Planning to include the instructions facilitating the implementation of the budget law and the rules of disbursement of the funds..." [Was the vote on the Iraqi National Oil Company part of the HCL?] Yes, it is Article 6 within the 2007 Oil and Gas law...
3-5-2018 Newshound Guru Kaperoni Article: "Dollar exchange rate and the price of gold in Iraq on Monday" Quote: "According to the figures in the "Economy News" sell the dollar in Baghdad, recorded today 121 thousand and 500 dinars and the purchase price of 122 thousand dinars for $ percent, while yesterday scored 122 thousand 250 dinars and the purchase price of 123 thousand and 500 dinars for $ percent." 1215 to $1 were close! [reference Kaperoni post 3-5-2018]
3-5-2018 Newshound/Intel Guru Mnt Goat I have told everyone I know that the agreements and final paperwork has been all completed for the REINSTATMENT of the Iraq dinar. This happened over 4 weeks ago. So now we watch and wait for the CBI to make the next move. ...We know they must educate the people and restart this process to “delete the zeros” and complete it, culminating in a significant increase in the value of the dinar. This re-education process should generate a sudden fast and flurry of news articles in the media in Iraq that we can “piggy-back” off of to learn that they are moving forward again. Don’t expect any grand announcement or anything like that. This process will be sudden and over before you are fully aware of it. We must also consider the IMF and the new 2018-2022 5-Year SBA (Stand-By-Agreement) with Iraq. ...We know we have been told that 2018 is the year to complete currency reform. [post 3 of 3]
3-5-2018 Newshound/Intel Guru Mnt Goat ...MCP (multiple currency practices), rate of inflation and real GDP growth. So where do we now stand in the reinstatement process? The IMF has told us through their analysis of Iraq that the rate of inflation is 2% and is acceptable level. Also that GDP growth is at 2.9% which is also acceptable. That leaves the MCP as their last main concern. I am hearing from the CBI that they are now bringing the MCP within manageable ranges required by the CBI. So what will the IMF do? I suspect they may go ahead with allowing Iraq to move into Article 8 and thus trade their currency. There are all indications this will be the case after the 90 day period is over. This timeframe is literally just weeks away. Or they may also make them wait a little while longer since they did not have a full 90 days of control over the MCP yet. We just don’t know for sure. [post 2 of 3....stay tuned]
3-5-2018 Newshound/Intel Guru Mnt Goat Once PM Ababi took over in September of 2014, we have seen a notable change in attitude and the necessity for completing currency reform. However, due to the war with ISIS this project was once again shelved for a later date. The current CBI governor, Ali al-Allaq, fully supports the reinstatement of the currency. We have seen his last attempt as he planned for early 2016 when we read so many articles from the CBI in late 2015 that this was about to happen. However once again it could not be done. So Allaq finally threw up his hands and realized he needed some significant help. This brings us to finally having the CBI once again working closely with the IMF on this subject matter. ...we know that by reading the Stand-By-Agreement between the IMF and Iraq there are three main factors concerning the reinstatement of the currency in the past... [post 1 of 3....stay tuned]
3-5-2018 Newshound Guru G-Lin Articles: "Parliament votes on a clause that the headquarters of the National Oil Company in Baghdad" "The Ministry of Oil welcomes the vote on the law of the National Oil Company in the session of the House of Representatives today" Quote: "Al-Luaibi said that the adoption of the law will constitute a new era for the oil industry, based on scientific methods, modern technology and the national management of the country's wealth. In order to support and develop the national economy." This is our HCL IMO.
3-5-2018 Intel Guru Frank26 Article: "Iraq decides to facilitate the granting of [Visa] to investor" Quote: "The Ministerial Council on National Security headed by Haidar al-Abadi, the Prime Minister, decided to take a package of measures to facilitate granting visas to investors and businessmen wishing to invest in Iraq." ...IT IS HELL TO GET A VISA FOR THE INVESTORS TO COME IN SAFELY...BS WITH BOTH SIDES OF EMBASSY'S...[GURU] DELTA SEES A GO WITH VISA NOW GOING IN TOO...THIS IS ALSO A'S DOING...
3-5-2018 Newshound Guru Walkingstick Article: "The Council ended the vote on the draft law of the Iraqi National Oil Company..." Quote: "The Council also completed the vote on a parliamentary resolution that includes the Minister of Finance in coordination with the Minister of Planning to include the instructions facilitating the implementation of the budget law and the rules of disbursement of the funds..." [Was the vote on the Iraqi National Oil Company part of the HCL?] Yes, it is Article 6 within the 2007 Oil and Gas law...
3-5-2018 Newshound Guru Kaperoni Article: "Dollar exchange rate and the price of gold in Iraq on Monday" Quote: "According to the figures in the "Economy News" sell the dollar in Baghdad, recorded today 121 thousand and 500 dinars and the purchase price of 122 thousand dinars for $ percent, while yesterday scored 122 thousand 250 dinars and the purchase price of 123 thousand and 500 dinars for $ percent." 1215 to $1 were close! [reference Kaperoni post 3-5-2018]
3-5-2018 Newshound/Intel Guru Mnt Goat I have told everyone I know that the agreements and final paperwork has been all completed for the REINSTATMENT of the Iraq dinar. This happened over 4 weeks ago. So now we watch and wait for the CBI to make the next move. ...We know they must educate the people and restart this process to “delete the zeros” and complete it, culminating in a significant increase in the value of the dinar. This re-education process should generate a sudden fast and flurry of news articles in the media in Iraq that we can “piggy-back” off of to learn that they are moving forward again. Don’t expect any grand announcement or anything like that. This process will be sudden and over before you are fully aware of it. We must also consider the IMF and the new 2018-2022 5-Year SBA (Stand-By-Agreement) with Iraq. ...We know we have been told that 2018 is the year to complete currency reform. [post 3 of 3]
3-5-2018 Newshound/Intel Guru Mnt Goat ...MCP (multiple currency practices), rate of inflation and real GDP growth. So where do we now stand in the reinstatement process? The IMF has told us through their analysis of Iraq that the rate of inflation is 2% and is acceptable level. Also that GDP growth is at 2.9% which is also acceptable. That leaves the MCP as their last main concern. I am hearing from the CBI that they are now bringing the MCP within manageable ranges required by the CBI. So what will the IMF do? I suspect they may go ahead with allowing Iraq to move into Article 8 and thus trade their currency. There are all indications this will be the case after the 90 day period is over. This timeframe is literally just weeks away. Or they may also make them wait a little while longer since they did not have a full 90 days of control over the MCP yet. We just don’t know for sure. [post 2 of 3....stay tuned]
3-5-2018 Newshound/Intel Guru Mnt Goat Once PM Ababi took over in September of 2014, we have seen a notable change in attitude and the necessity for completing currency reform. However, due to the war with ISIS this project was once again shelved for a later date. The current CBI governor, Ali al-Allaq, fully supports the reinstatement of the currency. We have seen his last attempt as he planned for early 2016 when we read so many articles from the CBI in late 2015 that this was about to happen. However once again it could not be done. So Allaq finally threw up his hands and realized he needed some significant help. This brings us to finally having the CBI once again working closely with the IMF on this subject matter. ...we know that by reading the Stand-By-Agreement between the IMF and Iraq there are three main factors concerning the reinstatement of the currency in the past... [post 1 of 3....stay tuned]
3-5-2018 Newshound Guru G-Lin Articles: "Parliament votes on a clause that the headquarters of the National Oil Company in Baghdad" "The Ministry of Oil welcomes the vote on the law of the National Oil Company in the session of the House of Representatives today" Quote: "Al-Luaibi said that the adoption of the law will constitute a new era for the oil industry, based on scientific methods, modern technology and the national management of the country's wealth. In order to support and develop the national economy." This is our HCL IMO.
3-5-2018 Intel Guru Frank26 Article: "Iraq decides to facilitate the granting of [Visa] to investor" Quote: "The Ministerial Council on National Security headed by Haidar al-Abadi, the Prime Minister, decided to take a package of measures to facilitate granting visas to investors and businessmen wishing to invest in Iraq." ...IT IS HELL TO GET A VISA FOR THE INVESTORS TO COME IN SAFELY...BS WITH BOTH SIDES OF EMBASSY'S...[GURU] DELTA SEES A GO WITH VISA NOW GOING IN TOO...THIS IS ALSO A'S DOING...
3-4-2018 Intel Guru RayRen98 IRAQ'S 2018 FEDERAL BUDGET RECEIVES PARLIAMENTARY APPROVAL AND BECOMES LAW. THE BUDGET SETS OUT MEASURES TO CONTROL PUBLIC SPENDING AND COURAGE INVESTMENT AND SUPPORT JOB CREATION ACROSS IRAQ. ♫♪ I'm so excited, ♫♪ la la" La ♪♫ and I just can't hide it. ♪♫•*♫♪ I know I know I know I see an RV! A Sho-NUFF AN RV IS COMING TO ME.
3-4-2018 Newshound Guru Kaperoni ...Banks don’t want to lose money. They want to know what the spread is from day to day. They want to know how much it’s going up and how much it’s going down and so on…this has always been an issue since I’ve been in this investment. The Central Bank had to reduce the spread…Shabibi actually did a wonderful job. He lowered the spread within the conditions set forth in their article IV consultations. He got it down to 1200 or so on the street and held it there for 10 months. In September of 2012 he announced he was going to begin currency reform so we assumed he was going to Article VIII at that point. Then of course PM Maliki at the time said No, we’re not ready. We don’t want this to occur…When Shabibi was out of the country for a conference Maliki put out a warrant for his arrest. Which in essence kept him out of the country and stopped the process in it’s tracks... [Post 2 of 2]
3-4-2018 Newshound Guru Kaperoni The market rate is in essence the rate on the street…the dinar is a little weaker than the actual value from the CBI which is pegged to the US dollar which is part of Article 14. In order to meet the stipulations of IMF Article VIII you need to simplify your foreign exchange and reduce the market rate spread which is the spread on the street…The rest of the world’s banking system for the most part is in Article VIII…they have expertise in managing their currency and meet the conditions. This is important because if you’re ever going to accept article VIII and make the dinar internationally convertible you need to maintain that exchange rate for international transactions... [Post 1 of 2 stay tuned for the history of the dinar story]
3-4-2018 Intel/Newshound Gurus Frank26 and Walkingstick [...would it be a concern if the budget was signed & opened in trillions?] No...WHEN A IS READY TO RI ...THE TRNS CAN GO TO BNS (Trillions to Billions) AS QUICKLY AS ONE CAN FLIP A LIGHT SWITCH IN ORDER ...TO SEE.
3-4-2018 Newshound Guru chattels Article quote: "Jubouri: Vote on important bills Monday 03/03/2018 15:44 BAGHDAD / NINA / Speaker of the House of Representatives Salim al-Jubouri, said that the meeting on Monday is no less important than previous meetings. "The Monday session will feature important bills," he said at a news conference. "The national oil, the protection of teachers and teachers, accountability and justice, and the protection of engineers." "...national oil..." Could be the "HCL". [5% TO THE PEOPLE...I have seen many Iraq people posting this number on Abadi posts on facebook over the last few months. This is the number i think the citizens are wanting in this regard. TO THE PEOPLE...or there provinces...will these funds be directly given to this citizen via the government or the province in which they reside? ..Meaning the ...HCL?] The 5% is an allowance for/to certain oil producing provinces.
3-4-2018 Intel Guru Jester I DON'T KNOW IF THE BUDGET IS DONE... TO TELL THE TRUTH THAT IS A PIECE OF THINGS BUT ... JUST AN INDICATOR.... GOOD TO HAVE DONE... I DOUBT VERY SERIOUSLY THEY KNOW ANY RATES....IT IS NOT GOING TO HAPPEN THE WAY EVERYONE ELSE THINKS IT IS WITH ALL THE...800 NUMBERS AND ALL THAT...THERE IS NO ON SWITCH TO THE RESET... IT IS A PROCESS OF CHANGE AND REVISION IN THE BANKS AND GOVERNMENTS...
3-4-2018 Newshound Guru Kaperoni ...Banks don’t want to lose money. They want to know what the spread is from day to day. They want to know how much it’s going up and how much it’s going down and so on…this has always been an issue since I’ve been in this investment. The Central Bank had to reduce the spread…Shabibi actually did a wonderful job. He lowered the spread within the conditions set forth in their article IV consultations. He got it down to 1200 or so on the street and held it there for 10 months. In September of 2012 he announced he was going to begin currency reform so we assumed he was going to Article VIII at that point. Then of course PM Maliki at the time said No, we’re not ready. We don’t want this to occur…When Shabibi was out of the country for a conference Maliki put out a warrant for his arrest. Which in essence kept him out of the country and stopped the process in it’s tracks... [Post 2 of 2]
3-4-2018 Newshound Guru Kaperoni The market rate is in essence the rate on the street…the dinar is a little weaker than the actual value from the CBI which is pegged to the US dollar which is part of Article 14. In order to meet the stipulations of IMF Article VIII you need to simplify your foreign exchange and reduce the market rate spread which is the spread on the street…The rest of the world’s banking system for the most part is in Article VIII…they have expertise in managing their currency and meet the conditions. This is important because if you’re ever going to accept article VIII and make the dinar internationally convertible you need to maintain that exchange rate for international transactions... [Post 1 of 2 stay tuned for the history of the dinar story]
3-4-2018 Intel/Newshound Gurus Frank26 and Walkingstick [...would it be a concern if the budget was signed & opened in trillions?] No...WHEN A IS READY TO RI ...THE TRNS CAN GO TO BNS (Trillions to Billions) AS QUICKLY AS ONE CAN FLIP A LIGHT SWITCH IN ORDER ...TO SEE.
3-4-2018 Newshound Guru chattels Article quote: "Jubouri: Vote on important bills Monday 03/03/2018 15:44 BAGHDAD / NINA / Speaker of the House of Representatives Salim al-Jubouri, said that the meeting on Monday is no less important than previous meetings. "The Monday session will feature important bills," he said at a news conference. "The national oil, the protection of teachers and teachers, accountability and justice, and the protection of engineers." "...national oil..." Could be the "HCL". [5% TO THE PEOPLE...I have seen many Iraq people posting this number on Abadi posts on facebook over the last few months. This is the number i think the citizens are wanting in this regard. TO THE PEOPLE...or there provinces...will these funds be directly given to this citizen via the government or the province in which they reside? ..Meaning the ...HCL?] The 5% is an allowance for/to certain oil producing provinces.
3-4-2018 Intel Guru Jester I DON'T KNOW IF THE BUDGET IS DONE... TO TELL THE TRUTH THAT IS A PIECE OF THINGS BUT ... JUST AN INDICATOR.... GOOD TO HAVE DONE... I DOUBT VERY SERIOUSLY THEY KNOW ANY RATES....IT IS NOT GOING TO HAPPEN THE WAY EVERYONE ELSE THINKS IT IS WITH ALL THE...800 NUMBERS AND ALL THAT...THERE IS NO ON SWITCH TO THE RESET... IT IS A PROCESS OF CHANGE AND REVISION IN THE BANKS AND GOVERNMENTS...
3-3-2018 Newshound/Intel Guru BGG Article: "The Wall Street Journal predicts Abadi will remain in office after the May elections" I like the WSJ’s optimism… we all know how accurate they were on the last election they “predicted”. I’m hoping on this one, they are more accurate.
3-3-2018 Newshound/Intel Guru Mnt Goat Article quote: "Based on a directive issued by the Ministry of Industries, Mining and Trade, the ministry-affiliated National Trade System announced that as of Wednesday, all traders are prohibited from registering their import orders using the US dollar." ...this will have long term consequences for trading relations with Iraq if the CBI does not move forward with the reinstatement of the Iraqi dinar and get the dinar traded globally. Remember we have been told the GCC voted on all countries in the middle eastern GCC pact to trade using their own currencies. Are you beginning to see the pressure here in getting this currency reform process completed?
3-3-2018 Intel Guru RayRen98 THE APPROVED BUDGET IS BEING SHOWN ON IRAQ TV INDICATING PAYMENTS BEING ENABLED TO ALL EMPLOYEES. PAYMENT FOR THE KURDS WILL COMMENCE ON SUNDAY. THE BUDGET IS EXPECTED TO APPEAR IN THE GAZETTE ON TODAY! WHAT NEXT? - RATE INCREASE, OF COURSE. LOL THE HCL AND ARTICLE 140 WILL SOON BE REFERRED TO IN THE PAST TENSE.
3-3-2018 Intel Guru Frank26 Articles: "The Iraqi parliament passes the budget despite the injustice that affects the Kurds in it" "Prime Minister congratulates all Iraqi people to launch the general budget law for the year 2018" UNDER GREAT PRESSURE...A HAS NOW KEPT HIS PROMISE...TO FALL INSIDE OF...IMO OF COURSE...A TIME FRAME HE GAVE TO THE 3 HEADED MONSTER...1ST TIME EVER THEY PASS A BUDGET ... NOTE: ...THE BUDGET RESPECTED THE 1ST QT!!! THEY PASSED THE BUDGET / HCL... "IT CAME OUT IN TRILLIONS"...AND WHAT DID WE SAY IF IT CAME OUT IN TRILLIONS?! ...THE RI DOES NOT NEED YOU...BUT...DO YOU NEED THE RI? ...YUUUUUUUUUUUUUUP.
3-3-2018 Newshound/Intel Guru BGG Article: "Kurdish official: Baghdad committees completed the audit of salaries of the region by 96%" My first reaction is…They had to do an AUDIT Because the CROOKED Kurdish leadership was asking for salary money for 50,000 employees that didn’t exist!! It’s no wonder Baghdad kicked them in the 8@!!$$ with 12.5% of the budget thing…
3-3-2018 Newshound/Intel Guru Mnt Goat Article quote: "Based on a directive issued by the Ministry of Industries, Mining and Trade, the ministry-affiliated National Trade System announced that as of Wednesday, all traders are prohibited from registering their import orders using the US dollar." ...this will have long term consequences for trading relations with Iraq if the CBI does not move forward with the reinstatement of the Iraqi dinar and get the dinar traded globally. Remember we have been told the GCC voted on all countries in the middle eastern GCC pact to trade using their own currencies. Are you beginning to see the pressure here in getting this currency reform process completed?
3-3-2018 Intel Guru RayRen98 THE APPROVED BUDGET IS BEING SHOWN ON IRAQ TV INDICATING PAYMENTS BEING ENABLED TO ALL EMPLOYEES. PAYMENT FOR THE KURDS WILL COMMENCE ON SUNDAY. THE BUDGET IS EXPECTED TO APPEAR IN THE GAZETTE ON TODAY! WHAT NEXT? - RATE INCREASE, OF COURSE. LOL THE HCL AND ARTICLE 140 WILL SOON BE REFERRED TO IN THE PAST TENSE.
3-3-2018 Intel Guru Frank26 Articles: "The Iraqi parliament passes the budget despite the injustice that affects the Kurds in it" "Prime Minister congratulates all Iraqi people to launch the general budget law for the year 2018" UNDER GREAT PRESSURE...A HAS NOW KEPT HIS PROMISE...TO FALL INSIDE OF...IMO OF COURSE...A TIME FRAME HE GAVE TO THE 3 HEADED MONSTER...1ST TIME EVER THEY PASS A BUDGET ... NOTE: ...THE BUDGET RESPECTED THE 1ST QT!!! THEY PASSED THE BUDGET / HCL... "IT CAME OUT IN TRILLIONS"...AND WHAT DID WE SAY IF IT CAME OUT IN TRILLIONS?! ...THE RI DOES NOT NEED YOU...BUT...DO YOU NEED THE RI? ...YUUUUUUUUUUUUUUP.
3-3-2018 Newshound/Intel Guru BGG Article: "Kurdish official: Baghdad committees completed the audit of salaries of the region by 96%" My first reaction is…They had to do an AUDIT Because the CROOKED Kurdish leadership was asking for salary money for 50,000 employees that didn’t exist!! It’s no wonder Baghdad kicked them in the 8@!!$$ with 12.5% of the budget thing…
3-2-2018 Intel Guru RayRen98 The three presidencies accordingly met late Thursday evening and concluded that 12.7% will be allocated for the Kurds in the budget. PM Abadi reportedly agreeing to paying only two ministers of Kurdistan alleging the others are involved in corruption. Twelve articles in the budget did get passed, but not the "big one”. Saturday is the intended day for the final votes on the budget, however, the Kurds are vowing to continue their boycott of the vote. In spite of these issues, the 800 numbers are still expected sometime throughout the weekend! Excited about the weekend.
3-2-2018 Newshound/Intel Guru Mnt Goat So is there really a connection between the RV and the Budget? ...there is really NO PROOF that there is a connect but we can see and track the stalling of the budget to a real time stalling of the new rate on FOREX. We get windows of the RV opportunity and they [then?] it stalls again and again, as the budget stalls. Why? We just don’t yet know the connection other than the US government and the IMF has put its foot down and told Iraq (mandated to Iraq) that they need a solid budget in place first. This is FACT not some rumor or my opinion. I have researched this and this is what I have found out. [post 2 of 2]
3-2-2018 Newshound/Intel Guru Mnt Goat ...there may very well be a connection between the passing of the Iraqi budget and the reinstatement of the dinar on FOREX. This is no longer just opinion but FACT. So we still see them kicking the can down the road on the budget and now it is postponed (in part) to Saturday 3/3 but they did manage to pass many parts of it this week. So the final vote is now very close at hand. After voting on several articles already, members of Parliament walked out before voting on and the passing of the final budget parts. Some KRG parliament members are still boycotting. Abadi says the vote will be live Saturday on TV so that the citizens can see exactly whom is causing problems and the hold ups. Abadi again on national TV warned everyone that there would be serious repercussions due to the budget not being voted and passed as scheduled, if not concluded by Saturday, however, the Kurds are vowing to continue their boycott of the vote. [post 1 of 2....stay tuned]
3-2-2018 Newshoud/Intel Guru BGG Article: "Iraqi presidencies meet and discuss the federal budget" Well, the good news is – they met. They talked. They actually tried to get the vote done in the afternoon. Reportedly, they passed a “provisional budget” – or parts of it. Not exactly sure what it all means just yet. We’ll see. However, I have said all along – this budget will get done, it just won’t be the single harbinger some people are looking for.
3-2-2018 Newshound Guru chattels Article: "After the vote on 12 articles of the budget law .. Jubouri declares violation of the quorum 01/03/2018 15:48 BAGHDAD / NINA / Parliament ended the vote on Article 12 of the Federal Budget Law. The chairman of the council, Salim al-Jubouri, announced that the deputies had been defeated in the presence of only 159 deputies..." The Iraqi budget is read and approved article by article. After 12 articles the number of deputies present fell below 165 and the quorum was lost. There is likely no mystery to the budget process in Iraq. Generally the Parliament does not convene except to approve decisions made in committee and elsewhere. It appears that there was agreement on some articles, but not all so the quorum was disrupted "by design".
3-2-2018 Intel Guru Bruce In terms of where we are and concerning Intel I can tell you things are getting quiet...There is some chatter out there about Iraq not being complete with their budget yet, not getting a quorum...Guys it is noise. Iraq’s was done a week ago, Monday or Tuesday...All is done from Iraq’s perspective. Those companies that came in are signing off on their new contracts. We know for example, what the rate of the dinar is and was just a few days ago because our guys are trading it and we know what they are seeing on the screens. I will say this some people brought up the Paris Accord ...that we did not sign that agreement, but that agreement has nothing to do with the RV. It is not a factor for this to go. I am hearing some good things that are pointing to us tomorrow...things are looking very good. From what I understand this thing is pretty much ready to go.
3-2-2018 Intel Guru RayRen98 After voting on several articles, members of Parliament walked out before voting on and passing the final budget. Kurds are boycotting. Abadi says the vote will be live Saturday on TV so that the citizens can see exactly whom is causing problems with the process. The meeting of the three presidencies regarding the budget was postponed until later in the evening, no update yet. Members of Parliament who are absent from voting will be fined. Abadi again on TV warning everyone of serious repercussions due to the budget not being voted and passed as scheduled. I don't see any of this interfering with our 800 number process but, Time Will Tell.
3-2-2018 Newshound Guru Kaperoni …Over the last year or so the central bank has taken the development of the banking system seriously and started to make some serious changes in Iraq…The reality is the Central Bank of Iraq can’t do anything until they are in compliance [2% rule]. That’s the bottom line. If they want to open their banking system. If they want to make the dinar International tradable…where the dinar is traded among the Central Banks around the world…they have to get into compliance like every other bank in the world. This was the last restriction on Iraq. When you make your currency internationally recognized and internationally convertible more than likely they are also going to change the exchange rate regime…right now it’s pegged. We believe they are going to go to some kind of float which will allow the currency value to go up.
3-2-2018 Newshound/Intel Guru Mnt Goat So is there really a connection between the RV and the Budget? ...there is really NO PROOF that there is a connect but we can see and track the stalling of the budget to a real time stalling of the new rate on FOREX. We get windows of the RV opportunity and they [then?] it stalls again and again, as the budget stalls. Why? We just don’t yet know the connection other than the US government and the IMF has put its foot down and told Iraq (mandated to Iraq) that they need a solid budget in place first. This is FACT not some rumor or my opinion. I have researched this and this is what I have found out. [post 2 of 2]
3-2-2018 Newshound/Intel Guru Mnt Goat ...there may very well be a connection between the passing of the Iraqi budget and the reinstatement of the dinar on FOREX. This is no longer just opinion but FACT. So we still see them kicking the can down the road on the budget and now it is postponed (in part) to Saturday 3/3 but they did manage to pass many parts of it this week. So the final vote is now very close at hand. After voting on several articles already, members of Parliament walked out before voting on and the passing of the final budget parts. Some KRG parliament members are still boycotting. Abadi says the vote will be live Saturday on TV so that the citizens can see exactly whom is causing problems and the hold ups. Abadi again on national TV warned everyone that there would be serious repercussions due to the budget not being voted and passed as scheduled, if not concluded by Saturday, however, the Kurds are vowing to continue their boycott of the vote. [post 1 of 2....stay tuned]
3-2-2018 Newshoud/Intel Guru BGG Article: "Iraqi presidencies meet and discuss the federal budget" Well, the good news is – they met. They talked. They actually tried to get the vote done in the afternoon. Reportedly, they passed a “provisional budget” – or parts of it. Not exactly sure what it all means just yet. We’ll see. However, I have said all along – this budget will get done, it just won’t be the single harbinger some people are looking for.
3-2-2018 Newshound Guru chattels Article: "After the vote on 12 articles of the budget law .. Jubouri declares violation of the quorum 01/03/2018 15:48 BAGHDAD / NINA / Parliament ended the vote on Article 12 of the Federal Budget Law. The chairman of the council, Salim al-Jubouri, announced that the deputies had been defeated in the presence of only 159 deputies..." The Iraqi budget is read and approved article by article. After 12 articles the number of deputies present fell below 165 and the quorum was lost. There is likely no mystery to the budget process in Iraq. Generally the Parliament does not convene except to approve decisions made in committee and elsewhere. It appears that there was agreement on some articles, but not all so the quorum was disrupted "by design".
3-2-2018 Intel Guru Bruce In terms of where we are and concerning Intel I can tell you things are getting quiet...There is some chatter out there about Iraq not being complete with their budget yet, not getting a quorum...Guys it is noise. Iraq’s was done a week ago, Monday or Tuesday...All is done from Iraq’s perspective. Those companies that came in are signing off on their new contracts. We know for example, what the rate of the dinar is and was just a few days ago because our guys are trading it and we know what they are seeing on the screens. I will say this some people brought up the Paris Accord ...that we did not sign that agreement, but that agreement has nothing to do with the RV. It is not a factor for this to go. I am hearing some good things that are pointing to us tomorrow...things are looking very good. From what I understand this thing is pretty much ready to go.
3-2-2018 Intel Guru RayRen98 After voting on several articles, members of Parliament walked out before voting on and passing the final budget. Kurds are boycotting. Abadi says the vote will be live Saturday on TV so that the citizens can see exactly whom is causing problems with the process. The meeting of the three presidencies regarding the budget was postponed until later in the evening, no update yet. Members of Parliament who are absent from voting will be fined. Abadi again on TV warning everyone of serious repercussions due to the budget not being voted and passed as scheduled. I don't see any of this interfering with our 800 number process but, Time Will Tell.
3-2-2018 Newshound Guru Kaperoni …Over the last year or so the central bank has taken the development of the banking system seriously and started to make some serious changes in Iraq…The reality is the Central Bank of Iraq can’t do anything until they are in compliance [2% rule]. That’s the bottom line. If they want to open their banking system. If they want to make the dinar International tradable…where the dinar is traded among the Central Banks around the world…they have to get into compliance like every other bank in the world. This was the last restriction on Iraq. When you make your currency internationally recognized and internationally convertible more than likely they are also going to change the exchange rate regime…right now it’s pegged. We believe they are going to go to some kind of float which will allow the currency value to go up.