7-16-2019 Intel Guru MarkZ I am tired and weary but cautiously excited tonight. 2 excellent sources in Iraq think they will have their rate in the Gazette on Wednesday... On the treasury side they are saying it could happen tonight [Tuesday] ...another government source said anytime in the next 72 hours.
7-16-2019 Newshound Guru Kaperoni The guru's like to constantly state an increase in the value of the dinar will be some random overnight act. That will never happen. If the Iraqi dinar increases in value it will be based on sound monetary policy and the world's participation in rebuilding the country. SAP, very significant IT company is now in Iraq and expects Iraq's GDP to grow to 8.1% in 2020. That is huge and three times the current GDP. We can only hope they are correct.
7-16-2019 Newshound Guru Whitelions Did you see the cbi gave orders on what to do with the dollar when they come into the banks? They want dinar given in change...they are fighting...to get the dollar off the Street's.
7-16-2019 Intel Guru MarkZ [will value day and 800 numbers happen at the same time?] Yes I believe value day and 800 numbers will happen at the same time...A number of intel providers are looking at Wednedsay as the big day…Not sure where there info comes from...we shall see. [what happens if this doesn't go this month...] If it doesn’t go this month...I personally believe we will see it this month but if it doesn’t...I think anytime before Oct. is fair game... [post 2 of 2]
7-16-2019 Intel Guru MarkZ According to the one treasury contact I still have faith in (I went to college with him and trust him completely) Gold Certificates are on the way to the US as of now...Gold Certificates are how we fund the new US dollar...they are important to this revaluation as we go from fiat based to asset backed currency. He is looking for tonight or tomorrow morning for everything to happen. No new rate in Iraq...yet. [post 1 of 2....stay tuned]
7-16-2019 Newshound Guru Enorrste ...They are not just hoping for a floating dinar, they are counting on it. The fact that the CBI has managed to raise its reserves is a clear indication that the float is imminent. Only with a strong currency can they take the risk of moving to a float. With 71 Billion in reserves they have about 175% coverage of their entire money supply in hard currency...Thus the dinar is one of the strongest currencies in the world despite its current low value. As the float begins the they will see the value of the dinar begin to rise. As it rises they will reduce the money supply with the goal of getting it down to 40 Billion dinar rather than 40 trillion dinar. Thus at one dollar per dinar (this is after the float has occurred) the CBI will still have 175% coverage of their money, meaning the dinar could easily get back to the $3.50 per dinar range which is their ultimate goal. [Post 2 of 2]
7-16-2019 Newshound Guru Enorrste Haven't had anything to say for a while but now we're getting close so let's get into it....[Article the Central Bank of Iraq on Thursday announced the foreign reserves rose to a total of 72 Billion dollars in the first half of 2019]...how did they raise their reserves when the government was in a deficit situation? ...they managed to expand investment throughout the country. Thus reducing somewhat their dependence on oil. This means dollar investment has in fact been coming in the country despite the fact that the dinar is not yet convertible on the international market...this is extremely good. Why? ...once the investors get a foothold in Iraq they will come in droves to make money...with the hopes...that they will be able to get their profits out the country in short order. This means there are now people willing to put their money where their mouth is... [Post 1 of 2.....stay tuned]
7-16-2019 Newshound Guru Kaperoni ...We're all about the facts, truth and learning the process and fundamentals of how monetary policy works and how it interacts with transitional economies. There is no arbitrary revaluation or reinstatement. The terms the gurus like to use RV or RI is all nonsense. That is not how monetary policy works...The CBI will follow strict rules. They will follow processes as well as rules and processes from the International Monetary Fund (IMF). They use this information to design monetary policies to combat the effects of a growing economy. These are proven policies and techniques used by other central banks all around the world...there have been a lot of things that are eye popping. There has been a lot of progress over the last few months...
7-16-2019 Newshound Guru Whitelions I think we are finely close enough to smell the roses for the first time in years they have gotten their poo together...
7-16-2019 Newshound Guru Kaperoni The guru's like to constantly state an increase in the value of the dinar will be some random overnight act. That will never happen. If the Iraqi dinar increases in value it will be based on sound monetary policy and the world's participation in rebuilding the country. SAP, very significant IT company is now in Iraq and expects Iraq's GDP to grow to 8.1% in 2020. That is huge and three times the current GDP. We can only hope they are correct.
7-16-2019 Newshound Guru Whitelions Did you see the cbi gave orders on what to do with the dollar when they come into the banks? They want dinar given in change...they are fighting...to get the dollar off the Street's.
7-16-2019 Intel Guru MarkZ [will value day and 800 numbers happen at the same time?] Yes I believe value day and 800 numbers will happen at the same time...A number of intel providers are looking at Wednedsay as the big day…Not sure where there info comes from...we shall see. [what happens if this doesn't go this month...] If it doesn’t go this month...I personally believe we will see it this month but if it doesn’t...I think anytime before Oct. is fair game... [post 2 of 2]
7-16-2019 Intel Guru MarkZ According to the one treasury contact I still have faith in (I went to college with him and trust him completely) Gold Certificates are on the way to the US as of now...Gold Certificates are how we fund the new US dollar...they are important to this revaluation as we go from fiat based to asset backed currency. He is looking for tonight or tomorrow morning for everything to happen. No new rate in Iraq...yet. [post 1 of 2....stay tuned]
7-16-2019 Newshound Guru Enorrste ...They are not just hoping for a floating dinar, they are counting on it. The fact that the CBI has managed to raise its reserves is a clear indication that the float is imminent. Only with a strong currency can they take the risk of moving to a float. With 71 Billion in reserves they have about 175% coverage of their entire money supply in hard currency...Thus the dinar is one of the strongest currencies in the world despite its current low value. As the float begins the they will see the value of the dinar begin to rise. As it rises they will reduce the money supply with the goal of getting it down to 40 Billion dinar rather than 40 trillion dinar. Thus at one dollar per dinar (this is after the float has occurred) the CBI will still have 175% coverage of their money, meaning the dinar could easily get back to the $3.50 per dinar range which is their ultimate goal. [Post 2 of 2]
7-16-2019 Newshound Guru Enorrste Haven't had anything to say for a while but now we're getting close so let's get into it....[Article the Central Bank of Iraq on Thursday announced the foreign reserves rose to a total of 72 Billion dollars in the first half of 2019]...how did they raise their reserves when the government was in a deficit situation? ...they managed to expand investment throughout the country. Thus reducing somewhat their dependence on oil. This means dollar investment has in fact been coming in the country despite the fact that the dinar is not yet convertible on the international market...this is extremely good. Why? ...once the investors get a foothold in Iraq they will come in droves to make money...with the hopes...that they will be able to get their profits out the country in short order. This means there are now people willing to put their money where their mouth is... [Post 1 of 2.....stay tuned]
7-16-2019 Newshound Guru Kaperoni ...We're all about the facts, truth and learning the process and fundamentals of how monetary policy works and how it interacts with transitional economies. There is no arbitrary revaluation or reinstatement. The terms the gurus like to use RV or RI is all nonsense. That is not how monetary policy works...The CBI will follow strict rules. They will follow processes as well as rules and processes from the International Monetary Fund (IMF). They use this information to design monetary policies to combat the effects of a growing economy. These are proven policies and techniques used by other central banks all around the world...there have been a lot of things that are eye popping. There has been a lot of progress over the last few months...
7-16-2019 Newshound Guru Whitelions I think we are finely close enough to smell the roses for the first time in years they have gotten their poo together...
7-15-2019 Intel Guru RayRen98 All "authoritative" financial sources are of high expectancy waiting for confirmation reports of rumours of a live rate. Tellers are on "standby" mode. The new Contract Rate cap limit on the Dinar is "SUPPOSED" to be 10 million now, instead of 20 million from a few years ago. We Shall C! Time Will Tell it ALL!
7-15-2019 Intel Guru Eagleone2025 [via PDK] THERE WILL BE FOUR PEOPLE IN THE ROOM WITH YOU WHEN YOU GO TO YOUR BANK EXCHANGE. YOUR NON CONTRACT RATES WILL BE VERY GOOD.
7-15-2019 Intel Guru MarkZ [Could your contacts be giving you fake info] We know there are people paid to give us all fake info...i try my best to use only trustworthy people I have known a long time...I am not worried about false 800 numbers… [is it looking like August now?] I do not think we will go into August without the RV. We must be very close…Trolls are shooting with both barrels today...I hear the banking rates will be good for 30 days once they start. [post 2 of 2]
7-15-2019 Intel Guru MarkZ [via PDK] This was a fairly noisy weekend for a change...Hearing rumors in Asia of exchanges today that I cannot prove. People in Zurich are waiting to do there exchanges... big expectations for this week. Call centers in US went to work bright and early today expecting us to exchange this week. No rate change in Iraq as of yet. [Who tells the banks and redemption centers to be on high alert?] So banks hear the information from the upper ecelons of their bank...who have gotten the info from the US treasury...I am salty with the rumors from the treasury right now. [post 1 of 2....stay tuned]
7-15-2019 Newshound Guru Kaperoni [via Baxter] ...the Article 4 consultation report... is to be released yet this Month...and that should tell us more about where Iraq is at this point.
7-15-2019 Intel/Newshound Guru sandyf ...If we are to gain from this venture then it is not going to come from anything Iraq does. How can people talk about Dinar and Dong in the same breath and then think the answer lies with 3 zeros. Hopefully by the time Iraq ever gets around to deleting the zeros, all thoughts of Iraq will be well and truly in the rear view mirror.
7-15-2019 Intel Guru Eagleone2025 [via PDK] THERE WILL BE FOUR PEOPLE IN THE ROOM WITH YOU WHEN YOU GO TO YOUR BANK EXCHANGE. YOUR NON CONTRACT RATES WILL BE VERY GOOD.
7-15-2019 Intel Guru MarkZ [Could your contacts be giving you fake info] We know there are people paid to give us all fake info...i try my best to use only trustworthy people I have known a long time...I am not worried about false 800 numbers… [is it looking like August now?] I do not think we will go into August without the RV. We must be very close…Trolls are shooting with both barrels today...I hear the banking rates will be good for 30 days once they start. [post 2 of 2]
7-15-2019 Intel Guru MarkZ [via PDK] This was a fairly noisy weekend for a change...Hearing rumors in Asia of exchanges today that I cannot prove. People in Zurich are waiting to do there exchanges... big expectations for this week. Call centers in US went to work bright and early today expecting us to exchange this week. No rate change in Iraq as of yet. [Who tells the banks and redemption centers to be on high alert?] So banks hear the information from the upper ecelons of their bank...who have gotten the info from the US treasury...I am salty with the rumors from the treasury right now. [post 1 of 2....stay tuned]
7-15-2019 Newshound Guru Kaperoni [via Baxter] ...the Article 4 consultation report... is to be released yet this Month...and that should tell us more about where Iraq is at this point.
7-15-2019 Intel/Newshound Guru sandyf ...If we are to gain from this venture then it is not going to come from anything Iraq does. How can people talk about Dinar and Dong in the same breath and then think the answer lies with 3 zeros. Hopefully by the time Iraq ever gets around to deleting the zeros, all thoughts of Iraq will be well and truly in the rear view mirror.
7-14-2019 Intel Guru RayRen98 Iraq - Iraqi TV is broadcasting that PM Mahdi's resignation letter is expected in the coming days. Skuttle-butt is abound of Abadi planning on returning to Prime Minister position. [Does any of this overseas "news" really matter to us?] LOL. US - Some bank employees are mandated to come in on Sunday afternoon...say what???
7-14-2019 Newshound Guru Don961 Article: "Paying with plastic? Iraqis weigh pros and cons" Quote: "In Iraq's cash-driven economy, the Communications Ministry and head of the Central of Bank are getting input on a mechanism that would allow banks and shops to further facilitate the use of debit and credit cards." ...this is where the rubber (er...currency) hits the road...in the marketplace... cool article...dump the rippy old notes with all those zeroes... replace them with new polymer ones that don't deteriorate as quickly...and give them a value so small change can be made without an issue... give 'em sum coins for the Fil jar to save for a rainy day ...
7-14-2019 Intel/Newshound Guru sandyf ...Govt does not Drop the zeros...CBI does...Central banks have a limited role in the management of a currency. Changes to the monetary unit or major changes to the currency require government approval. Deletion of the 3 zeros in Iraq will affect the monetary unit and as such will require a Bill to pass through parliament, not going to happen any time soon.
7-14-2019 Newshound Guru Don961 Article: "Paying with plastic? Iraqis weigh pros and cons" Quote: "In Iraq's cash-driven economy, the Communications Ministry and head of the Central of Bank are getting input on a mechanism that would allow banks and shops to further facilitate the use of debit and credit cards." ...this is where the rubber (er...currency) hits the road...in the marketplace... cool article...dump the rippy old notes with all those zeroes... replace them with new polymer ones that don't deteriorate as quickly...and give them a value so small change can be made without an issue... give 'em sum coins for the Fil jar to save for a rainy day ...
7-14-2019 Intel/Newshound Guru sandyf ...Govt does not Drop the zeros...CBI does...Central banks have a limited role in the management of a currency. Changes to the monetary unit or major changes to the currency require government approval. Deletion of the 3 zeros in Iraq will affect the monetary unit and as such will require a Bill to pass through parliament, not going to happen any time soon.
7-13-2019 Intel Guru RayRen98 Some exchange activity "REPORTEDLY" has begun in limited areas...we are awaiting solid confirmations of such. Some bank sources are now reporting two separate contract rates for Dinar and Dong (no specifics given...). Time Will Tell! We're still WAITING to receive 800 numbers that were supposed to be out by now. Patience is a virtue. ...Monday appears to be a Tell All, Reveal All type of day. ...the "Window" remains open.
7-13-2019 Intel Guru Delta [I believe you have recently stated that they have ALREADY lifted the 3 zeros in country...Can you please clarify this for me?] IT'S ALL DONE... MAYBE IT'S SOMETHING OR NOTHING BUT...NO RATE UPDATE SINCE WED ON CBI...
7-13-2019 Newshound Guru Kaperoni [77% of the world's transaction revenue touches an SAP system! They are HUGE! They...wouldn't set up shop in Iraq for fun! ...They have seen the potential & want to get in on the ground floor!] Yes! It's a big deal they are now in Iraq.
7-13-2019 Intel Guru RVAlready We might get exchanges on Monday. Weekends are usually quiet, with government offices closed, and Saturday not really part of the banking week.
7-13-2019 Intel Guru Delta [What if the central bank stopped selling the dollar?] Article quote: "It may be necessary to resort to other mechanisms that are quite different from what is currently being used." WHAT'S NEXT? ...DETERMINE THE PRICE GLOBALLY...
7-13-2019 Intel Guru Delta [I believe you have recently stated that they have ALREADY lifted the 3 zeros in country...Can you please clarify this for me?] IT'S ALL DONE... MAYBE IT'S SOMETHING OR NOTHING BUT...NO RATE UPDATE SINCE WED ON CBI...
7-13-2019 Newshound Guru Kaperoni [77% of the world's transaction revenue touches an SAP system! They are HUGE! They...wouldn't set up shop in Iraq for fun! ...They have seen the potential & want to get in on the ground floor!] Yes! It's a big deal they are now in Iraq.
7-13-2019 Intel Guru RVAlready We might get exchanges on Monday. Weekends are usually quiet, with government offices closed, and Saturday not really part of the banking week.
7-13-2019 Intel Guru Delta [What if the central bank stopped selling the dollar?] Article quote: "It may be necessary to resort to other mechanisms that are quite different from what is currently being used." WHAT'S NEXT? ...DETERMINE THE PRICE GLOBALLY...
7-12-2019 Intel Guru DELTA Article quote: "The file of the "auction of hard currency" in Iraq to the forefront after the comments of deputies in parliament, demanding the Prime Minister and the Supreme Judicial Council and the public prosecution in the country, put an end to the massive corruption carried out through the auction of hard currency organized by the Central Bank of Iraq every day." MASSACRE OF THE DOLLAR IN IRAQ...OFFICIAL MOVEMENT AGAINST FRAUD AT THE CBI AUCTION.
7-12-2019 Intel Guru MarkZ [via PDK] No news…no update as to why we have not gone…We were told the US military sent a rep with the Chinese to the Pentagon to arrange the rest and here we are sitting here wondering where we are at...Iraq is still waiting on a new rate. Europe is still waiting on the US. I did hear that there were a number of test exchanges done yesterday that went well. They are still waiting to exchange but we haven’t seen anything yet. Redemption centers: The people I know are at work today and on high alert. They are not scheduled to work this weekend but have to be “on call” all weekend.
7-12-2019 Newshound/Intel Guru Mnt Goat "MONETARY RESERVES WITH THE CENTRAL BANK OF IRAQ: CRISIS AFTER CRISIS" This article is nothing more than the CBI tooting its own whistle again. al-Allaq knows his days are over in the CBI and he is going to be replaced. He is the third generation proxy governor appointed by the Nori al-Maliki days of takeover in 2012. He does not have the expertise to handle the complexities and corruption of the CBI. He is going to be replace shortly. A new candidate has been already chosen.
7-12-2019 Intel Guru Bruce [via PinkRoses] ...What we are finding out is at the Redemption Centers they are having to reenter activation codes...they are doing that to get ready for everything to come down the pipe here. We got the Forex with established rates ready to drop in...The rates seem on the bank screens are updating. I do not know if they have changed over, but they were supposed to populate this morning and be on the screens this morning [Thursday]. Now, obviously they need to come in as new rates before we go in for exchanges. So, this is one of the things that has to happen. ...we do have some security issues...We know that security concerns today that were supposed to be pretty much handled...That is good news...we are set to go at any time. Now, with the security concerns basically taken care of, I think we can move forward. ...I think we are so close we are right on it. Some of the sources have been told to clam up...That is a good sign when that happens. ...I am excited we are getting closer and closer everyday with the hope that this doesn’t carry into the weekend...
7-12-2019 Intel Guru Delta MONDAY IS A HOLIDAY IN IRAQ SO CBI HAD 2 AUCTIONS BUT IT WAS STRANGE THAT FOR SUNDAY THE VOLUME WAS 0 AND THIS WAS THE FIRST TIME I SEE THIS PATTERN...BUT FOR MONDAY THE VOLUME IS REGULAR NUMBERS...BANKS SUBMIT THEIR REQUEST FOR AUCTIONS IN ADVANCED SO WHAT DID THEY KNOW...CBI WILL SEND MEMO 24 HURS IN ADVANCED TO BANKS BEFORE RATE CHANGE...
7-12-2019 Intel Guru MarkZ [via PDK] No news…no update as to why we have not gone…We were told the US military sent a rep with the Chinese to the Pentagon to arrange the rest and here we are sitting here wondering where we are at...Iraq is still waiting on a new rate. Europe is still waiting on the US. I did hear that there were a number of test exchanges done yesterday that went well. They are still waiting to exchange but we haven’t seen anything yet. Redemption centers: The people I know are at work today and on high alert. They are not scheduled to work this weekend but have to be “on call” all weekend.
7-12-2019 Newshound/Intel Guru Mnt Goat "MONETARY RESERVES WITH THE CENTRAL BANK OF IRAQ: CRISIS AFTER CRISIS" This article is nothing more than the CBI tooting its own whistle again. al-Allaq knows his days are over in the CBI and he is going to be replaced. He is the third generation proxy governor appointed by the Nori al-Maliki days of takeover in 2012. He does not have the expertise to handle the complexities and corruption of the CBI. He is going to be replace shortly. A new candidate has been already chosen.
7-12-2019 Intel Guru Bruce [via PinkRoses] ...What we are finding out is at the Redemption Centers they are having to reenter activation codes...they are doing that to get ready for everything to come down the pipe here. We got the Forex with established rates ready to drop in...The rates seem on the bank screens are updating. I do not know if they have changed over, but they were supposed to populate this morning and be on the screens this morning [Thursday]. Now, obviously they need to come in as new rates before we go in for exchanges. So, this is one of the things that has to happen. ...we do have some security issues...We know that security concerns today that were supposed to be pretty much handled...That is good news...we are set to go at any time. Now, with the security concerns basically taken care of, I think we can move forward. ...I think we are so close we are right on it. Some of the sources have been told to clam up...That is a good sign when that happens. ...I am excited we are getting closer and closer everyday with the hope that this doesn’t carry into the weekend...
7-12-2019 Intel Guru Delta MONDAY IS A HOLIDAY IN IRAQ SO CBI HAD 2 AUCTIONS BUT IT WAS STRANGE THAT FOR SUNDAY THE VOLUME WAS 0 AND THIS WAS THE FIRST TIME I SEE THIS PATTERN...BUT FOR MONDAY THE VOLUME IS REGULAR NUMBERS...BANKS SUBMIT THEIR REQUEST FOR AUCTIONS IN ADVANCED SO WHAT DID THEY KNOW...CBI WILL SEND MEMO 24 HURS IN ADVANCED TO BANKS BEFORE RATE CHANGE...
7-11-2019 Newshound Guru MilitiaMan Article: "The central bank goes beyond the technical gap and the challenges of digital transformation" ...this one has my eye and big time. They are literally telling you they are ready to hit the pavement running. What timing. They are talking in International Standards and are at platform ready status in a fourth Axis... That has me scratching my head, but the implications are realm of going live with the currency, stocks, etc.. imo. ~ WOW~
7-11-2019 Intel Guru RayRen98 SKR holders are receiving notifications of "funds availability" by the end of this week. Reportedly, banks have received permission to start setting appointments for SKR holders and "documented" high volume exchangers. Undocumented exchangers will "follow suit" afterwards. Of course, Time Will Tell if any of this is 100% accurate.
7-11-2019 Newshound Guru chattels Article: "Oil and gas laws: a crux of Erbil-Baghdad tension By Omar Moradi" Quote: "The lack of oil and gas federal legislation has been the root cause of problems between Erbil and Baghdad since the Iraqi constitution was approved in 2005. Now there is a government in Baghdad that has shown its desire to resolve these problems through dialogue, and the success of the new Kurdistan Regional Government (KRG) cabinet depends on whether the oil and gas issue is resolved with Baghdad" IMO, the federal legislation contemplated by the foregoing article is "THE HCL". If the HCL law is a condition precedent or attendant to our liquidity event, then we are not there yet. [NOTE: See the list of possible "to do's" on the left side of this page in the Resource Bar.]
7-11-2019 Intel Guru MarkZ ...We appear to be in a holding pattern...for what? I do not know. I have no confirmations that anyone has spendable cash yet. Lots of articles in Iraq saying there will be a new rate and a new value soon… [Did they kick the can again?] Wish I knew today...but the fact is it hasn’t happened and it has to happen.
7-11-2019 Newshound Guru Adam Montana There will never be an absolute perfect set of circumstances under which Iraq "can" or "should" or "must" change the value of their currency. I see a fair amount of comments from people stating something like "Oh, Iraq will never RV unless X happens, or until Y is implemented", etc etc... that is simply not true. There is NO absolute "must" for Iraq. They can change the rate today. Or yesterday, or tomorrow. They can do it without any further progress, without any permission from anyone or anything, and all the speculation in the world won't give us an exact date or a precise set of circumstances. The situation we find ourselves in today, at this very moment, is "good enough". Personally, I'm on standby for an incredible event. A solid resolution on the oil and gas law (HCL) will mean "no turning back", but just the same - it's not a necessity. Pretty darn exciting, if you ask me. [post 2 of 2]
7-11-2019 Newshound Guru Adam Montana Article: "Oil and gas laws: a crux of Erbil-Baghdad tension" Back in the forefront of ReValuation (RV) news...HCL. We've made it through Ramadan, budgeting, elections, and a whole slew of other issues. All of them, although lengthy at times, have sailed successfully through the turbulent waters and left us with a final component: HCL. It's actually on the horizon. It's being talked about, and I'm predicting we'll see more of this very shortly. Adding fuel to the HCL fire: "Iraqi oil minister: OPEC agreement + will reduce stocks and achieve price stability" WTI just crossed $60 again, and those of us watching the OIL tickers recently are well aware of how stable OIL is right now. Those of us pairing that information with the current and ongoing situation in Iraq understand how important OIL is to Iraq's ability to RV. And in case anyone needed some reassurance...it's going as perfect as we could hope for. [post 1 of 2....stay tuned]
7-11-2019 Newshound/Intel Guru Mnt Goat Article: "WHY IS THE CURRENCY AUCTION IS OUTSIDE THE CONTROL OF THE CENTRAL BANK?" ...another article talking about the corruption with the currency auctions. This is all very good. We are going to see these auctions end and the “project to delete the zeros”. This is coming and coming sooner than later. The pressure by Sadr is enormous on parliament and the finance committee to work with the CBI.
7-11-2019 Intel Guru RayRen98 SKR holders are receiving notifications of "funds availability" by the end of this week. Reportedly, banks have received permission to start setting appointments for SKR holders and "documented" high volume exchangers. Undocumented exchangers will "follow suit" afterwards. Of course, Time Will Tell if any of this is 100% accurate.
7-11-2019 Newshound Guru chattels Article: "Oil and gas laws: a crux of Erbil-Baghdad tension By Omar Moradi" Quote: "The lack of oil and gas federal legislation has been the root cause of problems between Erbil and Baghdad since the Iraqi constitution was approved in 2005. Now there is a government in Baghdad that has shown its desire to resolve these problems through dialogue, and the success of the new Kurdistan Regional Government (KRG) cabinet depends on whether the oil and gas issue is resolved with Baghdad" IMO, the federal legislation contemplated by the foregoing article is "THE HCL". If the HCL law is a condition precedent or attendant to our liquidity event, then we are not there yet. [NOTE: See the list of possible "to do's" on the left side of this page in the Resource Bar.]
7-11-2019 Intel Guru MarkZ ...We appear to be in a holding pattern...for what? I do not know. I have no confirmations that anyone has spendable cash yet. Lots of articles in Iraq saying there will be a new rate and a new value soon… [Did they kick the can again?] Wish I knew today...but the fact is it hasn’t happened and it has to happen.
7-11-2019 Newshound Guru Adam Montana There will never be an absolute perfect set of circumstances under which Iraq "can" or "should" or "must" change the value of their currency. I see a fair amount of comments from people stating something like "Oh, Iraq will never RV unless X happens, or until Y is implemented", etc etc... that is simply not true. There is NO absolute "must" for Iraq. They can change the rate today. Or yesterday, or tomorrow. They can do it without any further progress, without any permission from anyone or anything, and all the speculation in the world won't give us an exact date or a precise set of circumstances. The situation we find ourselves in today, at this very moment, is "good enough". Personally, I'm on standby for an incredible event. A solid resolution on the oil and gas law (HCL) will mean "no turning back", but just the same - it's not a necessity. Pretty darn exciting, if you ask me. [post 2 of 2]
7-11-2019 Newshound Guru Adam Montana Article: "Oil and gas laws: a crux of Erbil-Baghdad tension" Back in the forefront of ReValuation (RV) news...HCL. We've made it through Ramadan, budgeting, elections, and a whole slew of other issues. All of them, although lengthy at times, have sailed successfully through the turbulent waters and left us with a final component: HCL. It's actually on the horizon. It's being talked about, and I'm predicting we'll see more of this very shortly. Adding fuel to the HCL fire: "Iraqi oil minister: OPEC agreement + will reduce stocks and achieve price stability" WTI just crossed $60 again, and those of us watching the OIL tickers recently are well aware of how stable OIL is right now. Those of us pairing that information with the current and ongoing situation in Iraq understand how important OIL is to Iraq's ability to RV. And in case anyone needed some reassurance...it's going as perfect as we could hope for. [post 1 of 2....stay tuned]
7-11-2019 Newshound/Intel Guru Mnt Goat Article: "WHY IS THE CURRENCY AUCTION IS OUTSIDE THE CONTROL OF THE CENTRAL BANK?" ...another article talking about the corruption with the currency auctions. This is all very good. We are going to see these auctions end and the “project to delete the zeros”. This is coming and coming sooner than later. The pressure by Sadr is enormous on parliament and the finance committee to work with the CBI.
7-10-2019 Newshound/Intel Guru Mnt Goat The other hitch is will the IMF allow this as acceptable and relieve then of the sanctions now or make them wait until the gas is delivered and pays out the $4.1 billion remaining? So far we have not heard from the IMF on this point. So we wait and listen. But YES this could be part of the IMF not wanting to sign off on the RV. Remember too the UN was just in Iraq in a BIG meeting. What were they discussing? Of course they discussed relieving the sanctions, the last part of Chapter VII. What we know as FACT is that Iraq can not Reinstate the currency as long as they are still in Chapter VII. [post 2 of 2]
7-10-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQ HAS PAID 48.3 BILLION DOLLARS COMPENSATION TO KUWAIT SO FAR" ...so the big question on everyone’s minds is will this effect the RV? Do we have to wait until 2021 for these sanctions to be off Iraq when all this money is paid to Kuwait? The answer is NO if the deal with Kuwait to give them gas in exchange for the remaining balance of $4.1 ($52.4 minus $48.3). We have been told this is the case. [post 1 of 2....stay tuned]
7-10-2019 Intel Guru Eagleone2025 [via PDK] ...THERE HAS BEEN ALOT OF TROUBLE IN BRINGING THIS TOGETHER. ...BEEN ON THE PHONE WITH SEVERAL SOURCES...WE KNOW THAT WE ARE VERY CLOSE…THE RELEASE IS VERY NEAR... IT HAS BEEN A LONG JOURNEY ...YES I HAVE HEARD FROM VERY HIGH SOURCES AND WE ARE BEING TOLD IT SHOULD BE SOON... WHAT DOES SOON MEAN... IT COULD BE THIS WEEK... I HAVE HEARD NUMBERS WERE COMING OUT MAYBE TODAY IS WHAT SOME SOURCES HAVE SAID... WE MAY BE IN THE BANK THIS WEEK.
7-10-2019 Intel Guru MarkZ [via PDK] Reno people think today will be Value Day...no more can kicking...In Iraq- no report of new rates there yet...My folks in Europe…in Zurich are in a holding pattern but expect to exchange at any moment...Looks like another day of sitting on the edge of our seats...
7-10-2019 Intel/Newshound Guru Mnt Goat ...Dr. Ali Mohsen Al-Alaq, the governor of the Central Bank of Iraq today...does not have the experience needed to run such a system as the Central Bank of Iraq. The system is very political even though it is supposed to be independent. ...So Alaq’s head is on the chopping block too and his days are numbered...The committee has selected the new CBI director/governor candidate already. He must first get ratified by parliament to get into the “permanent” position. Dr Shabibi and the World Bank is back in Iraq and working closely with this situation so we know they are VERY. VERY serious about moving ahead on the project to delete the zeros...
7-10-2019 Intel Guru Bruce [via PinkRoses] As far as what we are waiting for, it appears everything did get completed. However, this afternoon we were still looking for brand new rates coming up on screens at the bank and the Redemption Centers... and looking for new Forex rates to come up...I am hearing things from a couple of different sources that believe very strongly that tomorrow [Wednesday] is our so-called revalued day... I was told after those new rates come up on those bank screens, the Redemption Center screens, we would be in line to get the toll=free numbers...We shall see where it goes.
7-10-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQ HAS PAID 48.3 BILLION DOLLARS COMPENSATION TO KUWAIT SO FAR" ...so the big question on everyone’s minds is will this effect the RV? Do we have to wait until 2021 for these sanctions to be off Iraq when all this money is paid to Kuwait? The answer is NO if the deal with Kuwait to give them gas in exchange for the remaining balance of $4.1 ($52.4 minus $48.3). We have been told this is the case. [post 1 of 2....stay tuned]
7-10-2019 Intel Guru Eagleone2025 [via PDK] ...THERE HAS BEEN ALOT OF TROUBLE IN BRINGING THIS TOGETHER. ...BEEN ON THE PHONE WITH SEVERAL SOURCES...WE KNOW THAT WE ARE VERY CLOSE…THE RELEASE IS VERY NEAR... IT HAS BEEN A LONG JOURNEY ...YES I HAVE HEARD FROM VERY HIGH SOURCES AND WE ARE BEING TOLD IT SHOULD BE SOON... WHAT DOES SOON MEAN... IT COULD BE THIS WEEK... I HAVE HEARD NUMBERS WERE COMING OUT MAYBE TODAY IS WHAT SOME SOURCES HAVE SAID... WE MAY BE IN THE BANK THIS WEEK.
7-10-2019 Intel Guru MarkZ [via PDK] Reno people think today will be Value Day...no more can kicking...In Iraq- no report of new rates there yet...My folks in Europe…in Zurich are in a holding pattern but expect to exchange at any moment...Looks like another day of sitting on the edge of our seats...
7-10-2019 Intel/Newshound Guru Mnt Goat ...Dr. Ali Mohsen Al-Alaq, the governor of the Central Bank of Iraq today...does not have the experience needed to run such a system as the Central Bank of Iraq. The system is very political even though it is supposed to be independent. ...So Alaq’s head is on the chopping block too and his days are numbered...The committee has selected the new CBI director/governor candidate already. He must first get ratified by parliament to get into the “permanent” position. Dr Shabibi and the World Bank is back in Iraq and working closely with this situation so we know they are VERY. VERY serious about moving ahead on the project to delete the zeros...
7-10-2019 Intel Guru Bruce [via PinkRoses] As far as what we are waiting for, it appears everything did get completed. However, this afternoon we were still looking for brand new rates coming up on screens at the bank and the Redemption Centers... and looking for new Forex rates to come up...I am hearing things from a couple of different sources that believe very strongly that tomorrow [Wednesday] is our so-called revalued day... I was told after those new rates come up on those bank screens, the Redemption Center screens, we would be in line to get the toll=free numbers...We shall see where it goes.
7-9-2019 Intel/Newshound Guru sandyf ...I read an article today that stated the visit from the UN told Iraq if they didn't follow the sanctions against Iran, they would be put BACK INTO chapter 7 plus sanctions...so they are NOT in chapter 7. Sanctions/Restrictions against any country, entity or individual can come about under different Chapters of the UN Charter. Chapter 7 provides the authority to deal with violations by force, whereas Chapter 6 requires resolution by peaceful means. If I remember right under Chapter 8 matters are resolved by local agencies. ...matters can start off under one chapter and then be transferred to another as happened with the Kuwait missing persons.
7-9-2019 Newshound/Intel Guru Mnt Goat ...my advice is relax. Let Sadr run his magic. He is on our side and wants the reinstatement just as bad if not more than us. He is working for reforms within Iraq. Remember his party/coalition won the election in 2018 and he ran on anti-corruption and reform agenda. He seated Mahdi and so the new PM must do what the coalition stands for - REFORMS. [post 2 of 2]
7-9-2019 Newshound/Intel Guru Mnt Goat ...why would parliament form a separate finance committee...just to look into the matter of corruption in the CBI and currency auctions and as to why the Financial Management law is not being administered and implemented. It has been passed for weeks now. Why would they do this if the RV was already scheduled to go? Another reason why no RV was going to happen - The Department of Economic Studies... held a scientific symposium entitled "Change in the value of the Iraqi currency, benefits and costs"...held on 7/4/2019... Why would they do this if the RV was already scheduled to go? [post 1 of 2....stay tuned]
7-9-2019 Intel Guru MarkZ Rumors from Reno…that west coast time when banks all close tonight the numbers will be released... so we could possibly have news this evening after 9 est. ...there is a big push to get us the 800 numbers today...They are expecting people to do banking by tomorrow… [Is there still some news that makes you confident that you are not sharing with us?] Yes… still some news I cannot share. ...I am still expecting “Christmas in July”. [What is the status on Redemption Centers...? Are they on high alert...?] My contacts are at work today and going over new protocals….and I was told if the rate is released later in the week they would be open on Saturday. No news of a new rate from Iraq yet.
7-9-2019 Newshound Guru Mnt Goat Many of you still ask me about 800#...You ask if all of this is really going to happen. I have said it before and I am saying it again. There are already 800# published. The banks already have currency exchange centers within the banks and you can call their numbers anytime you want. There are no other special numbers planned. Get it? How many times must I talk about this? But why would you call anyhow now not since the rate is still too low.
7-9-2019 Intel Guru Frank26 [via loby777] "we are now at a "close encounter with the RI"!!
7-9-2019 Intel Guru Eagleone2025 [via PDK] I HAVE TALKED TO SOME HIGH SOURCES I AM HEARING VERY GOOD RATES. THE WHOLE THING IS COMING TOGETHER. THINGS ARE MOVING FAST, BANKS ARE LOOKING GOOD...GET READY THIS WEEK IS LOOKING VERY GOOD...
7-9-2019 Newshound/Intel Guru Mnt Goat ...my advice is relax. Let Sadr run his magic. He is on our side and wants the reinstatement just as bad if not more than us. He is working for reforms within Iraq. Remember his party/coalition won the election in 2018 and he ran on anti-corruption and reform agenda. He seated Mahdi and so the new PM must do what the coalition stands for - REFORMS. [post 2 of 2]
7-9-2019 Newshound/Intel Guru Mnt Goat ...why would parliament form a separate finance committee...just to look into the matter of corruption in the CBI and currency auctions and as to why the Financial Management law is not being administered and implemented. It has been passed for weeks now. Why would they do this if the RV was already scheduled to go? Another reason why no RV was going to happen - The Department of Economic Studies... held a scientific symposium entitled "Change in the value of the Iraqi currency, benefits and costs"...held on 7/4/2019... Why would they do this if the RV was already scheduled to go? [post 1 of 2....stay tuned]
7-9-2019 Intel Guru MarkZ Rumors from Reno…that west coast time when banks all close tonight the numbers will be released... so we could possibly have news this evening after 9 est. ...there is a big push to get us the 800 numbers today...They are expecting people to do banking by tomorrow… [Is there still some news that makes you confident that you are not sharing with us?] Yes… still some news I cannot share. ...I am still expecting “Christmas in July”. [What is the status on Redemption Centers...? Are they on high alert...?] My contacts are at work today and going over new protocals….and I was told if the rate is released later in the week they would be open on Saturday. No news of a new rate from Iraq yet.
7-9-2019 Newshound Guru Mnt Goat Many of you still ask me about 800#...You ask if all of this is really going to happen. I have said it before and I am saying it again. There are already 800# published. The banks already have currency exchange centers within the banks and you can call their numbers anytime you want. There are no other special numbers planned. Get it? How many times must I talk about this? But why would you call anyhow now not since the rate is still too low.
7-9-2019 Intel Guru Frank26 [via loby777] "we are now at a "close encounter with the RI"!!
7-9-2019 Intel Guru Eagleone2025 [via PDK] I HAVE TALKED TO SOME HIGH SOURCES I AM HEARING VERY GOOD RATES. THE WHOLE THING IS COMING TOGETHER. THINGS ARE MOVING FAST, BANKS ARE LOOKING GOOD...GET READY THIS WEEK IS LOOKING VERY GOOD...
7-8-2019 Intel Guru MarkZ [via PDK] [800 numbers yet?] The Rumor is they could go overnight tonight or early morning as well.
7-8-2019 Newshound Guru MilitiaMan Article: "Rafidain Bank launches its approach to change and renewal at the station" Quotes: "...to start the banking business in accordance with the applications of the new electronic banking system..."; "...Iraq is about to move to a new stage in overcoming the stage of the financial crisis and economic to a new stage..." So they have prepared the tellers with new technology and methodology. They prepared them for the start of a new electronic banking system. I'll bet one that is prepared for the new currency we await. The new system has ATMs. They are expecting from the looks of it plenty of cash deposits. They'll be ready for them to help with the new ATMs functionality. They are wanting them to realize they are at the forefront now and for good reason. Ushering in change and literally will be making change...imo!
7-8-2019 Intel Guru Eagleone2025 WE ARE BEING TOLD THAT WE ARE VERY CLOSE TO THIS RELEASE. D.C. CONTACTS AND MILITARY HAVE ALL SAID THIS SHOULD BREAK THIS WEEK BY WED. WE HOPE TO BE IN THE BANKS. BANKING CONTACTS HAVE SAID THAT THEY ARE HEARING THIS WEEK FOR APPOINTMENTS...WE WAIT AND SEE...REMEMBER THIS IS A DAY BY DAY PROCESS. AGAIN WED. AT BANKS ARE LOOKING GOOD. EUROPE CONTACT SAID HE HEARD WE SHOULD IN BANKS THIS WEEK. HOLD ON TO YOUR CURRENCY...MAKE SURE YOU KNOW WHO YOU ARE DEALING WITH. DO NOT TAKE PIC OF CURRENCY AND DO NOT PASS THEM ON TO ANYONE.
7-8-2019 Intel Guru MarkZ This weekend has been very slow for news until early this morning... I have...not had time to vet it all. I have some news I cannot say that makes me confident that at least the rest of the world will be going tomorrow and the US shortly after...although we still hope we all go together. ...Rumors from the banking side is we may see 800 numbers this afternoon. [Status on Redemption Centers today?] They did not work this weekend…but have reported to work bright and early today. Dong rate rumor I heard it will start at .47 at the street and float up to its final value of around $2.27. This should not effect those of us calling the 800 numbers. Rumored dinar rate are pretty fantastical...not sure I believe it...Contract rates $28 for the first 10 million...
7-8-2019 Newshound Guru chattels Article: "Distribution of the instruments of Article 140 on Kurdish families" The allocation /distribution of funds to Kurds under article 140 is part of the first phase in the process. There remains at least the requirements of a census and referendum. Article 140 involves three stages. The first, normalization, has a compensatory payment factor to it. The next two are a census and a referendum to determine inclusion in the KRG. There are reports of a census in 2020, but there is an argument over whether it is/ can be used as the article 140 census. It is possible that the recent news was about funding for the census. [Note: Article 140 is on the guru list of possible remaining to do's...you can see the full list in the Resource Bar on the left of this page.]
7-8-2019 Newshound Guru Whitelions Article: "Distribution of the instruments of Article 140 on Kurdish families" wooo hoooo...good news.
7-8-2019 Newshound Guru MilitiaMan Article: "Rafidain Bank launches its approach to change and renewal at the station" Quotes: "...to start the banking business in accordance with the applications of the new electronic banking system..."; "...Iraq is about to move to a new stage in overcoming the stage of the financial crisis and economic to a new stage..." So they have prepared the tellers with new technology and methodology. They prepared them for the start of a new electronic banking system. I'll bet one that is prepared for the new currency we await. The new system has ATMs. They are expecting from the looks of it plenty of cash deposits. They'll be ready for them to help with the new ATMs functionality. They are wanting them to realize they are at the forefront now and for good reason. Ushering in change and literally will be making change...imo!
7-8-2019 Intel Guru Eagleone2025 WE ARE BEING TOLD THAT WE ARE VERY CLOSE TO THIS RELEASE. D.C. CONTACTS AND MILITARY HAVE ALL SAID THIS SHOULD BREAK THIS WEEK BY WED. WE HOPE TO BE IN THE BANKS. BANKING CONTACTS HAVE SAID THAT THEY ARE HEARING THIS WEEK FOR APPOINTMENTS...WE WAIT AND SEE...REMEMBER THIS IS A DAY BY DAY PROCESS. AGAIN WED. AT BANKS ARE LOOKING GOOD. EUROPE CONTACT SAID HE HEARD WE SHOULD IN BANKS THIS WEEK. HOLD ON TO YOUR CURRENCY...MAKE SURE YOU KNOW WHO YOU ARE DEALING WITH. DO NOT TAKE PIC OF CURRENCY AND DO NOT PASS THEM ON TO ANYONE.
7-8-2019 Intel Guru MarkZ This weekend has been very slow for news until early this morning... I have...not had time to vet it all. I have some news I cannot say that makes me confident that at least the rest of the world will be going tomorrow and the US shortly after...although we still hope we all go together. ...Rumors from the banking side is we may see 800 numbers this afternoon. [Status on Redemption Centers today?] They did not work this weekend…but have reported to work bright and early today. Dong rate rumor I heard it will start at .47 at the street and float up to its final value of around $2.27. This should not effect those of us calling the 800 numbers. Rumored dinar rate are pretty fantastical...not sure I believe it...Contract rates $28 for the first 10 million...
7-8-2019 Newshound Guru chattels Article: "Distribution of the instruments of Article 140 on Kurdish families" The allocation /distribution of funds to Kurds under article 140 is part of the first phase in the process. There remains at least the requirements of a census and referendum. Article 140 involves three stages. The first, normalization, has a compensatory payment factor to it. The next two are a census and a referendum to determine inclusion in the KRG. There are reports of a census in 2020, but there is an argument over whether it is/ can be used as the article 140 census. It is possible that the recent news was about funding for the census. [Note: Article 140 is on the guru list of possible remaining to do's...you can see the full list in the Resource Bar on the left of this page.]
7-8-2019 Newshound Guru Whitelions Article: "Distribution of the instruments of Article 140 on Kurdish families" wooo hoooo...good news.
7-7-2019 Intel/Newshound Guru sandyf People should note that Iraq was effectively removed from UN Chapter 7 in 2013 when the Kuwait missing persons issue was transferred to Chapter 6. Quote: "the United Nations Security Council decided on 29 June to address the remaining question of missing Kuwaiti persons and property under Chapter VI, i.e. by peaceful means. Iraq’s only remaining Chapter VII obligation is the payment to Kuwait of 8.5 billion euros, which is to be completed in 2015 if Iraq maintains the current pace of reimbursements. The UNSC decision therefore closes, both literally and figuratively, a painful chapter in Iraq’s history" There are still Chapter 7 sanctions in place against Iraqi individuals and entities but that has no bearing on Iraq as a country.
7-7-2019 Newshound Guru MilitiaMan As at this stage...I don't think we have ever been in such a good place as we see now from what they CBI is telling us. They clearly state the positive effects of the reduction in the Iraqi Dinar is to be good for the global economy. They are telling us imo they have to raise the rate and in fact they go so far to state they made the decision to do so already. By doing a reduction in Iraqi Dinar (raising the value) they have to stop the auctions as we know them. That is flat out pressure, if not mainly saying get ready we have to now raise the rate internationally, as we decided to reduce the auctions to once a week by reducing the Iraqi Dinar. The CBI is talking powerfully with what they are saying...imo. [post 2 of 2]
7-7-2019 Newshound Guru MilitiaMan Article quotes: "...the reduction of the Iraqi dinar and its impact on the Iraqi economy, some describe this reduction as support for the global economy..."; "...there were comments from the audience and views and proposals on the decision to reduce the Iraqi dinar..." there is far more that I am excited about and for very good reason...imo. Here are a few of them [quotes] that clearly suggest they are raising the value of the IQD and not next year. They would implode from inflation. They are quitting the auctions thus, they have to raise the rate and pronto. Very clear and concise..imo. [post 1 of 2....stay tuned]
7-7-2019 Newshound Guru MilitiaMan As at this stage...I don't think we have ever been in such a good place as we see now from what they CBI is telling us. They clearly state the positive effects of the reduction in the Iraqi Dinar is to be good for the global economy. They are telling us imo they have to raise the rate and in fact they go so far to state they made the decision to do so already. By doing a reduction in Iraqi Dinar (raising the value) they have to stop the auctions as we know them. That is flat out pressure, if not mainly saying get ready we have to now raise the rate internationally, as we decided to reduce the auctions to once a week by reducing the Iraqi Dinar. The CBI is talking powerfully with what they are saying...imo. [post 2 of 2]
7-7-2019 Newshound Guru MilitiaMan Article quotes: "...the reduction of the Iraqi dinar and its impact on the Iraqi economy, some describe this reduction as support for the global economy..."; "...there were comments from the audience and views and proposals on the decision to reduce the Iraqi dinar..." there is far more that I am excited about and for very good reason...imo. Here are a few of them [quotes] that clearly suggest they are raising the value of the IQD and not next year. They would implode from inflation. They are quitting the auctions thus, they have to raise the rate and pronto. Very clear and concise..imo. [post 1 of 2....stay tuned]
7-6-2019 Newshound/Intel Guru RVAlready As soon as everyone quits inventing petty reasons for holding this up, and concentrated on the enormous benefits of getting this done, we will see prosperity. Hopefully, this is on the cusp of occurring.
7-6-2019 Newshound Guru chattels "The improvement in relations between the KRG and the federal government in Baghdad has created good conditions for foreign companies to invest ", Lutes said..." “We know that Iraq and the Kurdistan Region of Iraq are at a pivotal moment. We think it is an opportune time for American companies to be looking to come in to invest and do business...” I used to say that as Kurdistan goes, so goes our investment. What I meant and mean is that Baghdad - Erbil relations are key to socio-economic stability and a functional government, IMO. Does the foregoing article mean that we have arrived at such a point? No. but hope springs eternal.
7-6-2019 Newshound/Intel Guru Mnt Goat Article: "AMENDMENT OF THE BUDGET INCLUDES TAKING A PLEDGE FROM PRIME MINISTER ADEL ABDUL MAHDI TO RESOLVE THE POSITIONS OF PROXY BY OCT 1st." ...look at his deadline date – Oct 1st.
7-6-2019 Newshound Guru chattels "The improvement in relations between the KRG and the federal government in Baghdad has created good conditions for foreign companies to invest ", Lutes said..." “We know that Iraq and the Kurdistan Region of Iraq are at a pivotal moment. We think it is an opportune time for American companies to be looking to come in to invest and do business...” I used to say that as Kurdistan goes, so goes our investment. What I meant and mean is that Baghdad - Erbil relations are key to socio-economic stability and a functional government, IMO. Does the foregoing article mean that we have arrived at such a point? No. but hope springs eternal.
7-6-2019 Newshound/Intel Guru Mnt Goat Article: "AMENDMENT OF THE BUDGET INCLUDES TAKING A PLEDGE FROM PRIME MINISTER ADEL ABDUL MAHDI TO RESOLVE THE POSITIONS OF PROXY BY OCT 1st." ...look at his deadline date – Oct 1st.
7-5-2019 Newshound/Intel Guru Mnt Goat Article: "CBI ENCOURAGES BANKS IRAQ TO DEPLOY ELECTRONIC PAYMENT TOOLS REPRESENTED BY ATM AND POS" Note this article DOES NOT say that the lower denominations (1, 5,10,25,100,.25, .50, etc..) are now available in the ATMs.
7-5-2019 Intel Guru Eagleone2025 [via PDK] ...REMEMBER THIS IS A DAY BY DAY PROCESS. GOOD INTEL BAD INTEL... WE ARE WAITING TO HEAR FROM TREASURY... WHEN EVERYTHING IS IN PLACE THE RELEASE WILL COME.
7-5-2019 Intel Guru MarkZ [via PDK] So here we are sitting here all dressed up for the dance and the DJ hasn’t shown up. Rumors are they have punted us until Monday…Rumors that Redemption centers are manned all weekend…I am still hearing from Europe they are planning on exchanging on Tuesday. Just a lot of unsubstantiated rumors out there today.
7-5-2019 Newshound Guru MilitiaMan Article: "Deposit of intermediary companies" Quote: "...the necessity of only one deposit a week by companies mediating the sale and purchase of foreign currencies for the purpose of buying the dollar from the window of buying and selling foreign currency..." This is a slam dunk! The auctions have been stopped as we knew them as of today. Timing?
7-5-2019 Newshound/Intel Guru Mnt Goat So, we are waiting for them to announce the new governor of the CBI. Many sources believe this is needed before going ahead again on the project to delete the zeros, as least to the final stages we are looking for. My guess is this may be the case. Good news is that the CBI is pressuring now ALL the banks to start up their ATMs and use POS to conduct business instead of cash. We have known about this objective since 2011 so this is nothing new. However, to see the CBI really pushing this now may mean they are starting their last drive in this direction... This to me says the final part of the project to delete the zeros is underway.
7-5-2019 Intel Guru RayRen98 We did NOT receive 800 numbers nor any announcements of the RV. Some Call Centers were manned today ...just in case something "Big" happened. Reportedly, the sequestered banking staff were given the day off and told to return "first thing" in the morning [Friday]. Multiple rates are now being seen....to fit the situation...I suppose. ..."ain't gonna happen on a Friday" theory just might prove false...Time Will Tell.
7-5-2019 Intel Guru Eagleone2025 [via PDK] ...REMEMBER THIS IS A DAY BY DAY PROCESS. GOOD INTEL BAD INTEL... WE ARE WAITING TO HEAR FROM TREASURY... WHEN EVERYTHING IS IN PLACE THE RELEASE WILL COME.
7-5-2019 Intel Guru MarkZ [via PDK] So here we are sitting here all dressed up for the dance and the DJ hasn’t shown up. Rumors are they have punted us until Monday…Rumors that Redemption centers are manned all weekend…I am still hearing from Europe they are planning on exchanging on Tuesday. Just a lot of unsubstantiated rumors out there today.
7-5-2019 Newshound Guru MilitiaMan Article: "Deposit of intermediary companies" Quote: "...the necessity of only one deposit a week by companies mediating the sale and purchase of foreign currencies for the purpose of buying the dollar from the window of buying and selling foreign currency..." This is a slam dunk! The auctions have been stopped as we knew them as of today. Timing?
7-5-2019 Newshound/Intel Guru Mnt Goat So, we are waiting for them to announce the new governor of the CBI. Many sources believe this is needed before going ahead again on the project to delete the zeros, as least to the final stages we are looking for. My guess is this may be the case. Good news is that the CBI is pressuring now ALL the banks to start up their ATMs and use POS to conduct business instead of cash. We have known about this objective since 2011 so this is nothing new. However, to see the CBI really pushing this now may mean they are starting their last drive in this direction... This to me says the final part of the project to delete the zeros is underway.
7-5-2019 Intel Guru RayRen98 We did NOT receive 800 numbers nor any announcements of the RV. Some Call Centers were manned today ...just in case something "Big" happened. Reportedly, the sequestered banking staff were given the day off and told to return "first thing" in the morning [Friday]. Multiple rates are now being seen....to fit the situation...I suppose. ..."ain't gonna happen on a Friday" theory just might prove false...Time Will Tell.
7-4-2019 Intel Guru Eagleone2025 WE ARE IN A VERY GOOD POSITION I TALKED TO THREE BANKERS INCLUDING EXCHANGE BANKERS THAT HAS SAID WE ARE VERY CLOSE…BANKERS WORKING TOMORROW INTO WEEKEND ALL NEXT WEEK THEY ARE BEING TOLD TO MAN CENTERS...
7-4-2019 Intel Guru MarkZ [Are we getting 800 numbers today?] We will be watching closely today after the president speaks...hearing it could be anytime after...we will be enjoying the 4th celebrations and hope we get them today ...My contacts at Redemption centers will be working tomorrow… From Iraq- No new rates as of yet... [Rate]...for the dong I...expect between $.47 to $2 range...this is what makes sense to me.
7-4-2019 Newshound/Intel Guru Mnt Goat Article quote: "...the delegation of the Security Council, which visited Baghdad yesterday DID NOT DISCUSS THE ISSUE OF LIFTING IRAQ FROM CHAPTER VII." ...this is BIG...We just learned that Iraq is not “fully” out of Chapter VII. It is the provisions to repay Kuwait. But didn’t Kuwait accept a deal to repay with gas sent from Iraq? Isn’t Iraq even building a pipeline to do so? So we see all of this must be recognized still by the UN security council and they voted on to lift “all” of Chapter VII sanctions. So yes, this could be part of the holdup in letting the reinstatement go. But why are they bringing this up now? They are bringing this up now because the Sadr movement want to move ahead and do the reinstatement and get the CBI to complete the project to delete the zeros. Not wait any longer… But there are pieces to this that still must be clean up.
7-4-2019 Intel/Newshound sandyf The IQD is an Article 14 currency, so where does out of Article 8 come into it. Iraq needs to move to Article 8 for the IQD to gain guaranteed redemption and become internationally recognized. This move would make the currency Partially Convertible, a currency has to be heavily involved in international trade for many years to be recognized as Fully Convertible. Article 14 currencies change value all the time but they are not traded on the lower forex markets only the higher corporate levels. Companies that do handle Article 14 currencies do so at their own risk.
7-4-2019 Intel Guru MarkZ [Are we getting 800 numbers today?] We will be watching closely today after the president speaks...hearing it could be anytime after...we will be enjoying the 4th celebrations and hope we get them today ...My contacts at Redemption centers will be working tomorrow… From Iraq- No new rates as of yet... [Rate]...for the dong I...expect between $.47 to $2 range...this is what makes sense to me.
7-4-2019 Newshound/Intel Guru Mnt Goat Article quote: "...the delegation of the Security Council, which visited Baghdad yesterday DID NOT DISCUSS THE ISSUE OF LIFTING IRAQ FROM CHAPTER VII." ...this is BIG...We just learned that Iraq is not “fully” out of Chapter VII. It is the provisions to repay Kuwait. But didn’t Kuwait accept a deal to repay with gas sent from Iraq? Isn’t Iraq even building a pipeline to do so? So we see all of this must be recognized still by the UN security council and they voted on to lift “all” of Chapter VII sanctions. So yes, this could be part of the holdup in letting the reinstatement go. But why are they bringing this up now? They are bringing this up now because the Sadr movement want to move ahead and do the reinstatement and get the CBI to complete the project to delete the zeros. Not wait any longer… But there are pieces to this that still must be clean up.
7-4-2019 Intel/Newshound sandyf The IQD is an Article 14 currency, so where does out of Article 8 come into it. Iraq needs to move to Article 8 for the IQD to gain guaranteed redemption and become internationally recognized. This move would make the currency Partially Convertible, a currency has to be heavily involved in international trade for many years to be recognized as Fully Convertible. Article 14 currencies change value all the time but they are not traded on the lower forex markets only the higher corporate levels. Companies that do handle Article 14 currencies do so at their own risk.
7-3-2019 Intel Guru MarkZ A lot of folks are saying we are at high alert... everywhere...I'm pretty excited at where we are at. We have heard 800 numbers may be out after Trump makes his announcements tomorrow. One exchange center is on call tomorrow and the others are being told to come to work Friday and Saturday Morning. Everyone worldwide seem to be very excited for President Trumps Announcements tomorrow.
7-3-2019 Newshound Guru Adam Montana I hope you understand how huge this is for Iraq. They are one of the founding members of OPEC. The 2nd largest producer in the group. Iraq is agreeing to support these cuts. But they did not agree to join the group in their cuts. This gives Iraq carte blanche - complete freedom - to increase their production on a moment's notice, revalue their currency, and corner the market while they rake in cash to cover their "expenses". They may be operating on an increased production as we speak, stocking up hidden stores of oil in preparation for a huge push to bring in a massive amount of capital to cover the RV. There is more than one way to skin a cat, as they say, and that's just one aspect. The above is certainly an oversimplification of the big picture, but the fact remains - Iraq is nodding in agreement with the cuts, but they have never committed to it. NOT. ONE. TIME. [post 3 of 3]
7-3-2019 Newshound Guru Adam Montana Iraq is noted as the second largest producer... wait, what? We're talking about BLACK GOLD here, one of the most valuable commodities on the planet. And Iraq is #2... yet the currency they use is currently over 1000X weaker than the US dollar. Collectively, OPEC nations have over 80% of the world's known oil reserves... yet Iraq, the 2nd largest producer in that group, has a currency that would require 2000 pieces of it to buy a loaf of bread at your corner store. OPEC as a group agreed to keep oil production low, to stimulate oil prices. The majority of the members placed their name on the list of participants in this endeavor when it was originally voted on. The majority of the members did that... Iraq specifically did NOT. [post 2 of 3....stay tuned
7-3-2019 Newshound Guru Adam Montana Interesting times right now. GOI members are playing very nicely... The G20 didn't produce any immediately exciting news that I've ran across, but it didn't bring us anything bad either. Back in the news, and worth a review, is the current OPEC agreement. Article: "OPEC deal important for oil market stability: Iraqi PM" Important notes in that article: 1. Iraq is the 2nd largest oil producer in OPEC. (Does it make sense that it's currency is valued so low?) 2. The production limitation agreement has been extended for 9 months - to boost the price of oil, rather than overproduce and drive the prices down. The amount of time the agreement has been extended isn't as important as the mere fact that it IS extended. Oil is hovering just under that $60 mark, and the stability is a great thing. Stable oil prices = comfortable accountants = solid footing to RV. (Yes, the accountants have a say!) [post 1 of 3....stay tuned]
7-3-2019 Intel Guru Eagleone2025 ...MY BANKING SOURCES HAVE TOLD ME THIS VERY CLOSE...
7-3-2019 Intel Guru MarkZ [via PDK] We are still hearing from banking sources that they are expecting to get this out the door the week of the 4th...which we are in the middle of and also still hearing they expect to start exchanges on Friday...My people at redemption centers say they are not working on Thursday...so none of them are expecting anything until Friday... I have no idea why Iraq doesn’t just go ahead and RV without everyone else...they are done…they are ready...If I were them I would just do it.
7-3-2019 Intel Guru Bruce [via PinkRoses] ...We know that in Iraq, Iraq has a $7 rate on their screens which we believe is an in-country rate and possibly an International rate, but our rate here should be higher...I think it will be better than we thought... ...in the morning [Wednesday], they will announce and have their rate in place. ...I believe what I am hearing...that we are looking good for toll-free numbers possibly to come out tomorrow [Wednesday]...I got essentially 3 confirmations that are saying 800 numbers tomorrow...I have a really good sense we are really right on this. I am not calling it, but I am telling you we are going to get this in the next day or so.
7-3-2019 Newshound Guru EHankins Frank26 quote: "IMO ... MAYBE ON THE 4TH ... T [Trunp ?]MAY IGNITE OUR CURRENCY AS WELL" IMO... this possibility does not surprise me at all...
7-3-2019 Newshound Guru Adam Montana I hope you understand how huge this is for Iraq. They are one of the founding members of OPEC. The 2nd largest producer in the group. Iraq is agreeing to support these cuts. But they did not agree to join the group in their cuts. This gives Iraq carte blanche - complete freedom - to increase their production on a moment's notice, revalue their currency, and corner the market while they rake in cash to cover their "expenses". They may be operating on an increased production as we speak, stocking up hidden stores of oil in preparation for a huge push to bring in a massive amount of capital to cover the RV. There is more than one way to skin a cat, as they say, and that's just one aspect. The above is certainly an oversimplification of the big picture, but the fact remains - Iraq is nodding in agreement with the cuts, but they have never committed to it. NOT. ONE. TIME. [post 3 of 3]
7-3-2019 Newshound Guru Adam Montana Iraq is noted as the second largest producer... wait, what? We're talking about BLACK GOLD here, one of the most valuable commodities on the planet. And Iraq is #2... yet the currency they use is currently over 1000X weaker than the US dollar. Collectively, OPEC nations have over 80% of the world's known oil reserves... yet Iraq, the 2nd largest producer in that group, has a currency that would require 2000 pieces of it to buy a loaf of bread at your corner store. OPEC as a group agreed to keep oil production low, to stimulate oil prices. The majority of the members placed their name on the list of participants in this endeavor when it was originally voted on. The majority of the members did that... Iraq specifically did NOT. [post 2 of 3....stay tuned
7-3-2019 Newshound Guru Adam Montana Interesting times right now. GOI members are playing very nicely... The G20 didn't produce any immediately exciting news that I've ran across, but it didn't bring us anything bad either. Back in the news, and worth a review, is the current OPEC agreement. Article: "OPEC deal important for oil market stability: Iraqi PM" Important notes in that article: 1. Iraq is the 2nd largest oil producer in OPEC. (Does it make sense that it's currency is valued so low?) 2. The production limitation agreement has been extended for 9 months - to boost the price of oil, rather than overproduce and drive the prices down. The amount of time the agreement has been extended isn't as important as the mere fact that it IS extended. Oil is hovering just under that $60 mark, and the stability is a great thing. Stable oil prices = comfortable accountants = solid footing to RV. (Yes, the accountants have a say!) [post 1 of 3....stay tuned]
7-3-2019 Intel Guru Eagleone2025 ...MY BANKING SOURCES HAVE TOLD ME THIS VERY CLOSE...
7-3-2019 Intel Guru MarkZ [via PDK] We are still hearing from banking sources that they are expecting to get this out the door the week of the 4th...which we are in the middle of and also still hearing they expect to start exchanges on Friday...My people at redemption centers say they are not working on Thursday...so none of them are expecting anything until Friday... I have no idea why Iraq doesn’t just go ahead and RV without everyone else...they are done…they are ready...If I were them I would just do it.
7-3-2019 Intel Guru Bruce [via PinkRoses] ...We know that in Iraq, Iraq has a $7 rate on their screens which we believe is an in-country rate and possibly an International rate, but our rate here should be higher...I think it will be better than we thought... ...in the morning [Wednesday], they will announce and have their rate in place. ...I believe what I am hearing...that we are looking good for toll-free numbers possibly to come out tomorrow [Wednesday]...I got essentially 3 confirmations that are saying 800 numbers tomorrow...I have a really good sense we are really right on this. I am not calling it, but I am telling you we are going to get this in the next day or so.
7-3-2019 Newshound Guru EHankins Frank26 quote: "IMO ... MAYBE ON THE 4TH ... T [Trunp ?]MAY IGNITE OUR CURRENCY AS WELL" IMO... this possibility does not surprise me at all...
7-2-2019 Intel Guru footforward Everything is lining up for exactly what I expected when it's RV time. I've said for years it would be absolute chaos. Wars. Looking like the end of time. This is going to happen...
7-2-2019 Newshound Guru Whitelions ...they DO NOT NEED TO BE OUT OF IT [Article 8] TO GAIN VALUE IN THE DINAR did I say that loud enough...if they did they would not have done all the stuff they have done so far they would have taken care of that already...
7-2-2019 Intel Guru MarkZ A tremendous amount of things happened overnight...a lot of positioning happened...Based on the action happening right now...we may see “Value Day” very, very soon. Maybe as soon as late today or tomorrow. Value Day means “800 number day” ...they should happen moments from each other. What makes the most sense to me and some good sources is 800 numbers by tomorrow and appointments start on Friday...IMO. Iraq does not have the new rate...yet. [I’ve heard that there’s only 2 rates for the Dinar 1) Within 15 cents of the Kuwaiti Dinar 2) $28.50 contract rate...!] I have heard the same thing from several different sources...so that may be true...I would be beyond excited if this is true. [What is the status of the Redemption Centers] They are staffed this week…at least the ones I know personally...except on the 4th...but they are waiting to exchange us still this week...
7-2-2019 Intel Guru Frank26 Article: "The new salary scale will be within the 2020 budget" Quote: "The salary scale will come into effect through the 2020 budget, which can not be implemented at the present time because of the lack of financial allocations within this year's budget," IMO...MAYBE ON THE 4TH...T [TRUMP ?] MAY IGNITE OUR CURRENCY AS WELL.
7-2-2019 Newshound/Intel Guru Mnt Goat The PM still needs to get the education minister ratified by the parliament and this is still scheduled for this week to be completed, maybe a vote today.
7-2-2019 Newshound Guru Whitelions ...they DO NOT NEED TO BE OUT OF IT [Article 8] TO GAIN VALUE IN THE DINAR did I say that loud enough...if they did they would not have done all the stuff they have done so far they would have taken care of that already...
7-2-2019 Intel Guru MarkZ A tremendous amount of things happened overnight...a lot of positioning happened...Based on the action happening right now...we may see “Value Day” very, very soon. Maybe as soon as late today or tomorrow. Value Day means “800 number day” ...they should happen moments from each other. What makes the most sense to me and some good sources is 800 numbers by tomorrow and appointments start on Friday...IMO. Iraq does not have the new rate...yet. [I’ve heard that there’s only 2 rates for the Dinar 1) Within 15 cents of the Kuwaiti Dinar 2) $28.50 contract rate...!] I have heard the same thing from several different sources...so that may be true...I would be beyond excited if this is true. [What is the status of the Redemption Centers] They are staffed this week…at least the ones I know personally...except on the 4th...but they are waiting to exchange us still this week...
7-2-2019 Intel Guru Frank26 Article: "The new salary scale will be within the 2020 budget" Quote: "The salary scale will come into effect through the 2020 budget, which can not be implemented at the present time because of the lack of financial allocations within this year's budget," IMO...MAYBE ON THE 4TH...T [TRUMP ?] MAY IGNITE OUR CURRENCY AS WELL.
7-2-2019 Newshound/Intel Guru Mnt Goat The PM still needs to get the education minister ratified by the parliament and this is still scheduled for this week to be completed, maybe a vote today.
7-1-2019 Intel Guru MarkZ Iraq does not have a new live rate on the streets as of yet. We are still at high alert...but news is all over the place...I still think it’s a perfect storm for this RV/GCR to happen at anytime...banks are failing everywhere...they have to get this reset out the door now. [Has the live rate been established?] I was told it has.
7-1-2019 Newshound/Intel Guru Mnt Goat Article: "LAUNCH OF THE MASTER CARD AFTER PROVIDING ELECTRONIC SHOPPING TO LOCAL AND INTERNATIONAL MARKETS" So any new international credit/debit card will need FOREX to find the rate first when converting to the country’s currency you are in when outside the country thus international. This is how it works. ...So the questions is this - will they have the new reinstated rate on FOREX shortly for these cards to work internationally?
7-1-2019 Newshound/Intel Guru RVAlready I suspect that Trump has signed off on the RV, and turned it over to the treasury. ...the big international treasurers meeting in Iraq today. I do not expect anything that could tip anyone off that this is happening. Clearly, those running the show want minimum exposure. Hopefully, as with Kuwait, the average person will never know there was an RV.
7-1-2019 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENTARY MOVE TO RAISE THE PRICE OF THE DINAR AND MAINTAIN THE STABILITY OF INFLATION" Quote: “THE CHANGE WILL RAISE THE EXCHANGE RATE OF THE IRAQI DINAR AGAINST FOREIGN CURRENCIES while maintaining the stability of inflation in the country” this means to put the dinar on a float. To do this means reinstating the dinar on FOREX. Quote: “The Commission is DETERMINED TO MAKE THESE CHANGES DURING THE NEXT PHASE and NOT TO FOLLOW THE TRADITIONAL METHODS ARE NOT APPROPRIATE AT THE MOMENT.” “TRADITIONAL” means the current currency auctions will go away as they use today.
7-1-2019 Newshound/Intel Guru Mnt Goat Article: "LAUNCH OF THE MASTER CARD AFTER PROVIDING ELECTRONIC SHOPPING TO LOCAL AND INTERNATIONAL MARKETS" So any new international credit/debit card will need FOREX to find the rate first when converting to the country’s currency you are in when outside the country thus international. This is how it works. ...So the questions is this - will they have the new reinstated rate on FOREX shortly for these cards to work internationally?
7-1-2019 Newshound/Intel Guru RVAlready I suspect that Trump has signed off on the RV, and turned it over to the treasury. ...the big international treasurers meeting in Iraq today. I do not expect anything that could tip anyone off that this is happening. Clearly, those running the show want minimum exposure. Hopefully, as with Kuwait, the average person will never know there was an RV.
7-1-2019 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENTARY MOVE TO RAISE THE PRICE OF THE DINAR AND MAINTAIN THE STABILITY OF INFLATION" Quote: “THE CHANGE WILL RAISE THE EXCHANGE RATE OF THE IRAQI DINAR AGAINST FOREIGN CURRENCIES while maintaining the stability of inflation in the country” this means to put the dinar on a float. To do this means reinstating the dinar on FOREX. Quote: “The Commission is DETERMINED TO MAKE THESE CHANGES DURING THE NEXT PHASE and NOT TO FOLLOW THE TRADITIONAL METHODS ARE NOT APPROPRIATE AT THE MOMENT.” “TRADITIONAL” means the current currency auctions will go away as they use today.
6-30-2019 Newshound/Intel Guru RVAlready If
that update is true, it means the RV has been signed off by Trump, The queen of
England, the PM of Iraq, and the head of the IMF. [reference Guru
RayRen98 post 6-30-2019.]
6-30-2019 Newshound Guru MilitiaMan Article: "Al-Shamma: Administrative stability raises the financial sector" Quote: "...in order to stabilize the monetary policy we need stability of the administration, and here we can indicate the stability of exchange rates in Iraq during the past years..." Fairly sure this one has the making of the blessing from or of the UST to go ahead and tell the world via media your coming out from under the final sanctions and you have our blessing to raise the rate..
6-30-2019 Intel Guru Delta ...LET ME TELL YOU A STORY...ONCE UPON A TIME A LITTLE BIRDY TOLD ME CHRISTMAS WILL BE IN JULY...THAT WAS THE END OF THE STORY...
6-30-2019 Newshound/Intel Guru RVAlready It is logical for this to happen tomorrow - June 30. It is the end of the quarter, and no US or European banks are open. So, they close the month at one rate, and open the new month at a new rate. Nice and clean for everyone.
6-30-2019 Intel Guru RayRen98 Monday's Parliament session should yield the confirmation of the Minister of Education. A "special" meeting with the CBI is planned for Sunday in Iraq. The following are expected to be in attendance: the former Financial Minister, the US Treasury Secretary, the UK Treasury Secretary, Dr. Shabibi and representatives from the IMF and the World Bank. [hmmmm, I wonder what THAT could be about?] ...Some US banks are anticipating release of 800 numbers on Sunday for the purpose of making appointments for Monday. The "skuttle butt" is rapidly spreading across the community...Time Will Tell if they are "finally" correct this time. Some banking employees are being told to report to work on Sunday...[huh???] I'm liking this.
6-30-2019 Newshound Guru MilitiaMan Article: "Al-Shamma: Administrative stability raises the financial sector" Quote: "...in order to stabilize the monetary policy we need stability of the administration, and here we can indicate the stability of exchange rates in Iraq during the past years..." Fairly sure this one has the making of the blessing from or of the UST to go ahead and tell the world via media your coming out from under the final sanctions and you have our blessing to raise the rate..
6-30-2019 Intel Guru Delta ...LET ME TELL YOU A STORY...ONCE UPON A TIME A LITTLE BIRDY TOLD ME CHRISTMAS WILL BE IN JULY...THAT WAS THE END OF THE STORY...
6-30-2019 Newshound/Intel Guru RVAlready It is logical for this to happen tomorrow - June 30. It is the end of the quarter, and no US or European banks are open. So, they close the month at one rate, and open the new month at a new rate. Nice and clean for everyone.
6-30-2019 Intel Guru RayRen98 Monday's Parliament session should yield the confirmation of the Minister of Education. A "special" meeting with the CBI is planned for Sunday in Iraq. The following are expected to be in attendance: the former Financial Minister, the US Treasury Secretary, the UK Treasury Secretary, Dr. Shabibi and representatives from the IMF and the World Bank. [hmmmm, I wonder what THAT could be about?] ...Some US banks are anticipating release of 800 numbers on Sunday for the purpose of making appointments for Monday. The "skuttle butt" is rapidly spreading across the community...Time Will Tell if they are "finally" correct this time. Some banking employees are being told to report to work on Sunday...[huh???] I'm liking this.
6-28-2019 *** Dinar Guru Newsflash *** PM Mahdi sent a new name for the Minister of Education to be voted on by parliament . Unfortunately, this person was denied. This means the government is still not officially formed. What's not completely clear at this point is whether Mahdi included a name to parliament for a permanent Central Bank of Iraq governor. The name being reported is Ali Abdul Allawi. There was intel about a possible change at the CBI several months back...now it appears a change may be near. Stay tuned as the gurus chime in on this surprising news. The latest guru posts will continue below...
6-29-2019 Intel/Newshound Guru tman23 ...I posted month or so ago about replacing the CBI governor...that doesn't come until September 28th so ignore all the other chatter... I told you this was happening month ago and now you are seeing it in print...
6-29-2019 Newshound Guru MilitiaMan ...The amount of data that supports this going sooner than later is imo as blatant as it gets. Take the UN for instance. They came to Iraq for a meeting that is the first of it's kind and affirms support for her sovereignty...With that sovereignty comes her currency. I have a hard time believing they showed up for a historic event to tell the world Iraq is international now at a program rate still...I am sure they are not celebrating today and tomorrow about lifting the last barrier to be a piece of concrete. Symbolic as it may be, but, lifting the barriers on the sovereignty of Iraq and her currency is far more likely and far more symbolic globally...
6-29-2019 Newshound Guru larrykn ...Iraq has never said they were going to do the RV next year, they never said anything about the RV. Its just what needs to take place for them to do it is the question, which IMO could happen anytime they feel they are ready. They seem to have been moving forward a lot lately so time will tell...I don't care where they start at or how, just do it...seem to me they have got a lot done that I thought they need to get done but I still feel some Laws need passing, which hasn't happen yet...
6-29-2019 Intel/Newshound Guru tman23 ...couple days to July 1 G20 in Japan where the issd board meets and sets precedence ...Sept 28 2011 is when Abadi as the chairman of finance committee made an announcement that the 3 zeros were set to be lifted at the start of the new year. he made another around October 8 which spoke on providing the new lower notes were available..... Soon after CBI governor Shabbibi was in Japan at the issd meeting (this was noted a attending a convention)..... IMO from research and info this is where the MAGIC happens... Maliki placed the warrant for Shabibi while he was in Japan never to return to Iraq again... So what is happening now is very interesting !!!
6-29-2019 Newshound Guru G-Lin ...The IMF Art. IV report is due out in July. It should give some good info.
6-29-2019 Intel Guru Footforward People keep asking when the dinar will revalue. I keep hearing over and over it's time. Be hopeful. Now is not a time to be cynical.
6-29-2019 Newshound/Intel Guru Mnt Goat So parliament is now into their 2nd legislative term. Didn’t they tell us they wanted to complete the project to delete the zeros during the current or 1st legislative term? Here we sit with still no reinstatement. But remember this is not a simple process of flipping a switch and so it may still very well be in the making soon. Just relax and let’s see what happens in the coming week.
6-29-2019 Intel Guru MarkZ [via PDK] There have been many RV’s over the years starting with Germany and Japan after world war 2. They have happened many times throughout the years...many of you remember Kuwait. Its just we never had the internet before and its never been this widespread. Remember Warren buffet invested 17 million in the Iraqi dinar years ago...and he said that he felt the Dinar was a good long term investment...so this is real...
6-29-2019 Newshound Guru MilitiaMan ...The amount of data that supports this going sooner than later is imo as blatant as it gets. Take the UN for instance. They came to Iraq for a meeting that is the first of it's kind and affirms support for her sovereignty...With that sovereignty comes her currency. I have a hard time believing they showed up for a historic event to tell the world Iraq is international now at a program rate still...I am sure they are not celebrating today and tomorrow about lifting the last barrier to be a piece of concrete. Symbolic as it may be, but, lifting the barriers on the sovereignty of Iraq and her currency is far more likely and far more symbolic globally...
6-29-2019 Newshound Guru larrykn ...Iraq has never said they were going to do the RV next year, they never said anything about the RV. Its just what needs to take place for them to do it is the question, which IMO could happen anytime they feel they are ready. They seem to have been moving forward a lot lately so time will tell...I don't care where they start at or how, just do it...seem to me they have got a lot done that I thought they need to get done but I still feel some Laws need passing, which hasn't happen yet...
6-29-2019 Intel/Newshound Guru tman23 ...couple days to July 1 G20 in Japan where the issd board meets and sets precedence ...Sept 28 2011 is when Abadi as the chairman of finance committee made an announcement that the 3 zeros were set to be lifted at the start of the new year. he made another around October 8 which spoke on providing the new lower notes were available..... Soon after CBI governor Shabbibi was in Japan at the issd meeting (this was noted a attending a convention)..... IMO from research and info this is where the MAGIC happens... Maliki placed the warrant for Shabibi while he was in Japan never to return to Iraq again... So what is happening now is very interesting !!!
6-29-2019 Newshound Guru G-Lin ...The IMF Art. IV report is due out in July. It should give some good info.
6-29-2019 Intel Guru Footforward People keep asking when the dinar will revalue. I keep hearing over and over it's time. Be hopeful. Now is not a time to be cynical.
6-29-2019 Newshound/Intel Guru Mnt Goat So parliament is now into their 2nd legislative term. Didn’t they tell us they wanted to complete the project to delete the zeros during the current or 1st legislative term? Here we sit with still no reinstatement. But remember this is not a simple process of flipping a switch and so it may still very well be in the making soon. Just relax and let’s see what happens in the coming week.
6-29-2019 Intel Guru MarkZ [via PDK] There have been many RV’s over the years starting with Germany and Japan after world war 2. They have happened many times throughout the years...many of you remember Kuwait. Its just we never had the internet before and its never been this widespread. Remember Warren buffet invested 17 million in the Iraqi dinar years ago...and he said that he felt the Dinar was a good long term investment...so this is real...
6-28-2019 Intel Guru RayRen98 Thursday Morning Update: Ali Allawi is announced as the new Governor of the CBI. The Minster of Education was rejected...new names are to be submitted. Thursday Afternoon Update: Parliament has received a candidate name for the Minister of Education position, it is anticipated to pass on Saturday. Parliament alleges that naming the new CBI governor will be delayed 3 months. A person attending a private exchange meeting for a "determined date" learned of the following screen rates....Dinar $3.65; Dong $1.25...Some bank employees are being informed to plan to "work" on Saturday (when they usually don't). Some banks are expecting a large influx of "banking services" activity in the coming days.
6-28-2019 Newshound Guru larrykn Iraq has never said they were going to do the RV next year, they never said anything about the RV. Its just what needs to take place for them to do it is the question, which IMO could happen anytime they feel they are ready. They seem to have been moving forward a lot lately so time will tell...
6-28-2019 Intel Guru MarkZ [via PDK] Some contacts are saying nothing happening now until Sunday. If it doesn’t happen by about noon today I think they may be right. We hear there is a lot of ultimatums given for it to happen now... Bottom line right now folks we are at the perfect storm at the perfect place. We are at the point now where they have to do one of two things. They have to implode and we get the reset or they have to pull the trigger to reset before it implodes...My treasury contact seems to think it’s going to be on Sunday. This reset is soup…it’s on the stove ready to serve. We still hear Trump wants it done by the 4th...or so...
6-28-2019 Intel Guru Bruce [via PinkRoses] ...Now we know that when President Trump left...for Osaka, Japan, we know he was in a pretty good mood I understand regarding where everything was on our blessing. ...I believe ...it is possible this blessing is even intergated somehow into the Chinese Trade Agreement. ...I am not quite sure how it would manifest in there. I think that is really possible. I have been told that the toll-free numbers should be a daytime event as well as exchanges starting as a daytime event...I think it is very possible we get called...meaning me with numbers. I think we can set our appointments and start tomorrow [Friday]...I believe tomorrow [Friday] is a deadline, a backwall, of some sort. So, rates are off the screens front and back. They will come back up in the morning [Friday], and I believe that everything will be good to go. I am excited about that.
6-28-2019 Intel Guru Eagleone2025 IT IS LOOKING VERY GOOD...I CAN SAY A LOT OF GOOD THINGS ARE HAPPENING...
6-28-2019 Newshound Guru Breitling ...When I first got into this investment from the reports I got...I thought it was going to revalue at 12 cents. That was the highest it was going to go. This was in the very very early stages. So that's how I bought my dinar based on that. Then later on down the road they started saying hey, "we want it to come in at $1.18. Eventually we want it at $3.25." Understanding in my mind that it's going to be a process that it's not gonna be boom its gonna revalue. They specifically said it's going to be a process. I believed in it and I still do believe in it...
6-28-2019 Newshound Guru larrykn Iraq has never said they were going to do the RV next year, they never said anything about the RV. Its just what needs to take place for them to do it is the question, which IMO could happen anytime they feel they are ready. They seem to have been moving forward a lot lately so time will tell...
6-28-2019 Intel Guru MarkZ [via PDK] Some contacts are saying nothing happening now until Sunday. If it doesn’t happen by about noon today I think they may be right. We hear there is a lot of ultimatums given for it to happen now... Bottom line right now folks we are at the perfect storm at the perfect place. We are at the point now where they have to do one of two things. They have to implode and we get the reset or they have to pull the trigger to reset before it implodes...My treasury contact seems to think it’s going to be on Sunday. This reset is soup…it’s on the stove ready to serve. We still hear Trump wants it done by the 4th...or so...
6-28-2019 Intel Guru Bruce [via PinkRoses] ...Now we know that when President Trump left...for Osaka, Japan, we know he was in a pretty good mood I understand regarding where everything was on our blessing. ...I believe ...it is possible this blessing is even intergated somehow into the Chinese Trade Agreement. ...I am not quite sure how it would manifest in there. I think that is really possible. I have been told that the toll-free numbers should be a daytime event as well as exchanges starting as a daytime event...I think it is very possible we get called...meaning me with numbers. I think we can set our appointments and start tomorrow [Friday]...I believe tomorrow [Friday] is a deadline, a backwall, of some sort. So, rates are off the screens front and back. They will come back up in the morning [Friday], and I believe that everything will be good to go. I am excited about that.
6-28-2019 Intel Guru Eagleone2025 IT IS LOOKING VERY GOOD...I CAN SAY A LOT OF GOOD THINGS ARE HAPPENING...
6-28-2019 Newshound Guru Breitling ...When I first got into this investment from the reports I got...I thought it was going to revalue at 12 cents. That was the highest it was going to go. This was in the very very early stages. So that's how I bought my dinar based on that. Then later on down the road they started saying hey, "we want it to come in at $1.18. Eventually we want it at $3.25." Understanding in my mind that it's going to be a process that it's not gonna be boom its gonna revalue. They specifically said it's going to be a process. I believed in it and I still do believe in it...
6-27-2019 Intel Guru MarkZ We are in 2 windows right now...From tonight until midday tomorrow...if it doesn’t go by then –the second window starts on Sunday...Iraq does not have a new rate as of 2 hours ago. ...we are in the perfect storm right now...this is minute to minute and we are in it to win it.
6-27-2019 Intel Guru Frank26 Article: "Vietnam : Positive economic climate attracts businesses" ...WHAT TRUMP DID WITH CHINA AND IRAQ (MONSTER OIL DEAL)...OPENED...THE DOOR TO VIETNAM'S DONG BIG TIME... BRILLIANT!
6-27-2019 Newshound/Intel Guru Mnt Goat I was also told that this week the Mahdi government could try to replace Ali Mohsen Al-Allaq as the director of the CBI since his position is still seen as a proxy one going back to former PM Nori al-Maliki days. This also stems from the currency auction corruption and the failure to complete the currency reform project. We will wait and see what happens on these other proxy positions. They need to make his position permanent and announce it if he is going to stay.
6-27-2019 Intel Guru Delta Article: "...While the second document that he was nominated Ali Abdul Amir Allawi for the post of Governor of the Central Bank..." THERE IT'S IN PRINT ..NEW CBI GOV NAME TO BE APPROVED BY PARLIAMENT.
6-27-2019 Intel Guru MarkZ [via PDK] ...We are hearing things went live at 4:30 AM in Asia and expecting it to be moving our direction. In Zurich - they have not gone in yet but have big expectations. My contact in Reno was up early…6am...He is waiting in a conference room right now to “go”... Big expectations today is the day...they cant afford not to be on “alert”... Historically Thursdays are a very good day for Revaluations. In Iraq- as of 9 am this morning Iraq did not have a new rate. At least the people on the street don’t have it... Last rumored street rates we are hearing was $3.62 in Iraq…We are at the edge…it’s painful how close we are...I plan to have some kind of update tonight…we are that close...
6-27-2019 Newshound/Intel Guru Mnt Goat Once these three minister positions were filled, I contacted my CBI source. I was told that there are some very important people now in Baghdad or coming this week and there is going to be a largely attended financial meeting with the CBI. Those attending include the former financial minster, US and UK Treasury Sec, Dr. Shabibi, IMF rep and a World Bank Rep. What do you think they will be discussing? ...I was told they do plan to move ahead with the “project to delete the zeros” this year and sooner rather than later. This is all I could get out of my source.
6-27-2019 Newshound Guru Breitling Question [Would Iraq joining the WTO have any impact on the revaluation?] ...Maybe not the date it's going to revalue but the speed on which the dinar is going to gain value absolutely 100%...huge deal for them to be part of the WTO...If Iraq can join the WTO and western companies can go to Iraq and have no fear it's going to be phenomenal...
6-27-2019 Newshound Guru G-Lin Article: "The House of Representatives votes not to give confidence to the candidate Zahida Abdullah Mohammed, Minister of Education"
6-27-2019 Intel Guru MarkZ We are getting a lot of news they jumped the gun in Brazil and Hong Kong and that there may be a street rate in Iraq of $3.62. ...My contractor at a power plant was quoted a bit higher rate last month... [How did they jump the gun? What does that mean?] they have jumped the gun with some exchanges...not all... We hope to know more by morning [Thursday]...We are on the edge of our seats...we could go tonight or we could go tomorrow [Thursday] i don’t think we will make past this week for the RV.
6-27-2019 Intel Guru Frank26 Article: "Vietnam : Positive economic climate attracts businesses" ...WHAT TRUMP DID WITH CHINA AND IRAQ (MONSTER OIL DEAL)...OPENED...THE DOOR TO VIETNAM'S DONG BIG TIME... BRILLIANT!
6-27-2019 Newshound/Intel Guru Mnt Goat I was also told that this week the Mahdi government could try to replace Ali Mohsen Al-Allaq as the director of the CBI since his position is still seen as a proxy one going back to former PM Nori al-Maliki days. This also stems from the currency auction corruption and the failure to complete the currency reform project. We will wait and see what happens on these other proxy positions. They need to make his position permanent and announce it if he is going to stay.
6-27-2019 Intel Guru Delta Article: "...While the second document that he was nominated Ali Abdul Amir Allawi for the post of Governor of the Central Bank..." THERE IT'S IN PRINT ..NEW CBI GOV NAME TO BE APPROVED BY PARLIAMENT.
6-27-2019 Intel Guru MarkZ [via PDK] ...We are hearing things went live at 4:30 AM in Asia and expecting it to be moving our direction. In Zurich - they have not gone in yet but have big expectations. My contact in Reno was up early…6am...He is waiting in a conference room right now to “go”... Big expectations today is the day...they cant afford not to be on “alert”... Historically Thursdays are a very good day for Revaluations. In Iraq- as of 9 am this morning Iraq did not have a new rate. At least the people on the street don’t have it... Last rumored street rates we are hearing was $3.62 in Iraq…We are at the edge…it’s painful how close we are...I plan to have some kind of update tonight…we are that close...
6-27-2019 Newshound/Intel Guru Mnt Goat Once these three minister positions were filled, I contacted my CBI source. I was told that there are some very important people now in Baghdad or coming this week and there is going to be a largely attended financial meeting with the CBI. Those attending include the former financial minster, US and UK Treasury Sec, Dr. Shabibi, IMF rep and a World Bank Rep. What do you think they will be discussing? ...I was told they do plan to move ahead with the “project to delete the zeros” this year and sooner rather than later. This is all I could get out of my source.
6-27-2019 Newshound Guru Breitling Question [Would Iraq joining the WTO have any impact on the revaluation?] ...Maybe not the date it's going to revalue but the speed on which the dinar is going to gain value absolutely 100%...huge deal for them to be part of the WTO...If Iraq can join the WTO and western companies can go to Iraq and have no fear it's going to be phenomenal...
6-27-2019 Newshound Guru G-Lin Article: "The House of Representatives votes not to give confidence to the candidate Zahida Abdullah Mohammed, Minister of Education"
6-27-2019 Intel Guru MarkZ We are getting a lot of news they jumped the gun in Brazil and Hong Kong and that there may be a street rate in Iraq of $3.62. ...My contractor at a power plant was quoted a bit higher rate last month... [How did they jump the gun? What does that mean?] they have jumped the gun with some exchanges...not all... We hope to know more by morning [Thursday]...We are on the edge of our seats...we could go tonight or we could go tomorrow [Thursday] i don’t think we will make past this week for the RV.
6-26-2019 Newshound Guru Adam Montana Even though Iraq isn't technically "present", it's not difficult to understand that anytime oil, money, gold or gifts leave Iraq - they are touched by one or more of those major players listed above. For Iraq to be successful in raising the value of their currency, they need to be able to operate their business, and the G20 Summit will have an effect on how the global money game is played for the next year. Once the Summit has concluded, Iraq may change their tactics slightly, but most importantly they will be free to make a decision and act accordingly. It's a big deal, and it's good. So although I don't expect an RV announcement to be made at the Summit, or directly because of the Summit, I do think it's reasonable to expect some actions after the summit. [post 2 of 2]
6-26-2019 Newshound Guru Adam Montana ...This time of year has historically been big for Iraq. Monumental items like Chapter 7 unfolded in late June, and there's another important event right around the corner: The G20 Summit. Quote: "The Group of Twenty (G20) is a global forum comprised of twenty of the world’s largest economies, focused on addressing global economic challenges. Its membership includes nineteen countries—Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom and the United States—and the European Union." You probably noticed that Iraq is not on the list. In that case, it might not be immediately obvious why this even matters to us, so I'll explain a small part of it... [post 1 of 2....stay tuned]
6-26-2019 Intel Guru Eagleone2025 [via PDK] ...CALLED MY HSBC CONTACT...HE SAID THEY WANTED TO GET THIS DONE IN THE NEXT FEW DAYS...G-20 SHOULD UNFOLD A LOT... ALL THINGS ARE MOVING ALONG GOOD… MEETINGS THIS WEEK HAS GONE WELL… ALOT OF GOOD INTEL OUT THERE… ALL WE CAN HOPE FOR THAT THE TOP FOLLOWS THROUGH SO WE CAN GET THIS RV DONE…MILITARY CONTACTS AND WH HAVE SAID THAT MOVEMENT ON THIS WHOLE THING IS REALLY GOING TO MOVE VERY FAST VERY SOON…REMEMBER THIS IS A DAY BY DAY PROCESS…. MY CONTACTS OUR [ARE ?] SAYING THIS IS MOVING ALONG VERY GOOD.
6-26-2019 Newshound Guru Breitling ...Iran and currency and Iraq being a backdoor advantage...is specifically because of the U.S. dollar. So if Iran is cut off from the US dollar market wise they could probably funnel some US dollars or use U.S. dollars through Iraq. But that is being shut off. Iraq can see the light and they're pivoting. This is crystal clear what is happening. They might even support Iran and have empathy toward Iran but they know who's going to win at this. They know the result and they don't want any part of the losing team at all. So it's kind of a hard pivot...It's kind of amazing. You can see it in the news. You can see what they are doing through the GCC. Through all the stuff that's coming down the road...
6-26-2019 Intel Guru MarkZ [via PDK] ...A whole lot going on internationally ...The rumors today are if the US doesn’t get it released today…China will do it through Bank of China, HSBC and Wells Fargo...the source is really solid. ...So the US needs to really get to it today...we are at Extreme high alert. ...On the US side of it...hearing it wasn’t released last night because of a security issue at the border and changes in personnel... I do hear the 28th is the back wall...In Iraq- they are totally ready and the IMF is ready for them to go now…I was originally going to get 800 numbers from WF. Now I am not sure how things will work. I hope I still get them...
6-26-2019 Intel Guru Bruce [via PinkRoses] ...did anything happen on Monday that we know about? No...as far as action taking place to our way of thinking to an exchange prospective, we didn’t see it. ...We are still looking very good moving forward... I am excited. ...Now, as far as what is happening on the screens, we know that...Monday night, the RTGS, Real Time Gross Settlement, the Iraqi Dinar was put on that, the RTGS, and an hour later at 10:30pm EST last night [Monday] it was to go live. The Dinar is live. ...I really thought we would be there today [Tuesday]. The fact we are not though is pointing towards something going to happen very soon...
6-26-2019 Intel Guru MarkZ [via PDK] I don’t expect the Fair Tax act announcement just yet…Most of us believe this will not be a taxable event…but with the laws we have in effect right now it could be…so be sure to ask at your exchange apt…just to be absolutely certain. [Note: Guest Guru BobTheTaxMan and other gurus feel this will be considered Ordinary Income and taxed as such...check with you tax professional at the appropriate time.]
6-26-2019 Newshound Guru Adam Montana ...This time of year has historically been big for Iraq. Monumental items like Chapter 7 unfolded in late June, and there's another important event right around the corner: The G20 Summit. Quote: "The Group of Twenty (G20) is a global forum comprised of twenty of the world’s largest economies, focused on addressing global economic challenges. Its membership includes nineteen countries—Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom and the United States—and the European Union." You probably noticed that Iraq is not on the list. In that case, it might not be immediately obvious why this even matters to us, so I'll explain a small part of it... [post 1 of 2....stay tuned]
6-26-2019 Intel Guru Eagleone2025 [via PDK] ...CALLED MY HSBC CONTACT...HE SAID THEY WANTED TO GET THIS DONE IN THE NEXT FEW DAYS...G-20 SHOULD UNFOLD A LOT... ALL THINGS ARE MOVING ALONG GOOD… MEETINGS THIS WEEK HAS GONE WELL… ALOT OF GOOD INTEL OUT THERE… ALL WE CAN HOPE FOR THAT THE TOP FOLLOWS THROUGH SO WE CAN GET THIS RV DONE…MILITARY CONTACTS AND WH HAVE SAID THAT MOVEMENT ON THIS WHOLE THING IS REALLY GOING TO MOVE VERY FAST VERY SOON…REMEMBER THIS IS A DAY BY DAY PROCESS…. MY CONTACTS OUR [ARE ?] SAYING THIS IS MOVING ALONG VERY GOOD.
6-26-2019 Newshound Guru Breitling ...Iran and currency and Iraq being a backdoor advantage...is specifically because of the U.S. dollar. So if Iran is cut off from the US dollar market wise they could probably funnel some US dollars or use U.S. dollars through Iraq. But that is being shut off. Iraq can see the light and they're pivoting. This is crystal clear what is happening. They might even support Iran and have empathy toward Iran but they know who's going to win at this. They know the result and they don't want any part of the losing team at all. So it's kind of a hard pivot...It's kind of amazing. You can see it in the news. You can see what they are doing through the GCC. Through all the stuff that's coming down the road...
6-26-2019 Intel Guru MarkZ [via PDK] ...A whole lot going on internationally ...The rumors today are if the US doesn’t get it released today…China will do it through Bank of China, HSBC and Wells Fargo...the source is really solid. ...So the US needs to really get to it today...we are at Extreme high alert. ...On the US side of it...hearing it wasn’t released last night because of a security issue at the border and changes in personnel... I do hear the 28th is the back wall...In Iraq- they are totally ready and the IMF is ready for them to go now…I was originally going to get 800 numbers from WF. Now I am not sure how things will work. I hope I still get them...
6-26-2019 Intel Guru Bruce [via PinkRoses] ...did anything happen on Monday that we know about? No...as far as action taking place to our way of thinking to an exchange prospective, we didn’t see it. ...We are still looking very good moving forward... I am excited. ...Now, as far as what is happening on the screens, we know that...Monday night, the RTGS, Real Time Gross Settlement, the Iraqi Dinar was put on that, the RTGS, and an hour later at 10:30pm EST last night [Monday] it was to go live. The Dinar is live. ...I really thought we would be there today [Tuesday]. The fact we are not though is pointing towards something going to happen very soon...
6-26-2019 Intel Guru MarkZ [via PDK] I don’t expect the Fair Tax act announcement just yet…Most of us believe this will not be a taxable event…but with the laws we have in effect right now it could be…so be sure to ask at your exchange apt…just to be absolutely certain. [Note: Guest Guru BobTheTaxMan and other gurus feel this will be considered Ordinary Income and taxed as such...check with you tax professional at the appropriate time.]
6-25-2019 **** Dinar Guru News Update **** Iraq's parliament approved the Defense, Interior and Justice ministers earlier today. This is a major milestone but the government remains incomplete as they rejected the nomination of the Education Minister left vacant by a resignation. Its reported the remaining minister will be voted on in the "coming days". Stay tuned as the guru's chime in on what impact seating these major positions could have on the dinar and the implications of the one remaining seat... The latest guru posts will continue below...
6-25-2019 Newshound Guru Breitling [Question: "Would the revaluation be held up knowing that Iran has Iraqi dinar with sanctions against Iran the US might influence or convince Iraq to hold up until the Iranians come to terms. Why allow dinars to be worth more? Iran would just continue to fund its war machine?] ...Iran has a foreign currency reserve just like every other country. In other words they have US dollars in that reserve. They have Russian rubles...all sorts of currencies...no body knows the combination. How does that money get transferred? That's the key you need to understand on what it is that if Iran has dinar why it doesn't matter...One of the part of the sanctions was we are going to stop Iran from using the Swift accounts...it's an electronic blockade...so they can't use any of their currencies...so if they have dinar and there is value added, they can't use it to trade efficiently...don't worry about the Iraqi dinar in Iran's hands and it revalues...It's not going to change anything. It's not going to give them an advantage...
6-25-2019 Intel Guru MarkZ [Are people working at redemption centers today?] The folks I know reported to work today at 8AM...they really expect to be seeing us all at anytime.
6-25-2019 Newshound Guru larrykn ...the cbi and the government are to different entity but they do work with each other, my thinking of them moving forward was that until today they had not seated their government and unless they did so I can't see them moving to doing anything with their currency, now that they have I like to see the laws needed getting done, like the Investment laws and others. I hope to see that done soon. It finally looks like they are going in the right direction. [Note: Possible to do list is listed in the Resource Bar on the left of this page...]
6-25-2019 Intel Guru MarkZ [via PDK] I’m still pretty giddy...We are hearing Value day (meaning the day they change our values) may be any time after markets close today through sometime tomorrow…We still hear there is a mad-dash rush to get this rolled out before the 28th...maybe even the 26th...[So they kicked the can again huh…] This reset is a monster…it is huge...things happen...they have to fix unforeseen problems as they appear… If you are watching the economic indicators worldwide you can see we are right on top of this.
6-25-2019 Newshound Guru MilitiaMan ...the G-20 on the 28th - 29th...Many of the largest holders of Dinar will be at that meeting. USA, Britain, Canada, Australia, etc.. Be kinda silly for them to show up with no rate in hand to discuss the future of the world. When after they leave the world changes from a reinstatement of their holdings? It would be a waste of time, as the world will change once this goes live... Is suspect a load of high fives will be more likely the case... This thinking of ours has been brought to me by some very special people! It is very good thinking that supports and RI, sooner than later. So, the word I got since was that Tues - Weds may be still a plan of intention, as they only delayed the timing from last window. I am going to ask to get more clarification if possible... I am stoked be sure...
6-25-2019 Intel/Newshound Guru sandyf ...the CBI and the Government are completely different entities from one another. The CBI is the one who is responsible for the currency and can change the rate not the Iraqi Government. A central bank is only responsible for the currency, a government is responsible for the monetary unit, of course you would need to understand the difference.
6-25-2019 Intel Guru MarkZ [via PDK] [What is value day?...] Value day is just the day the new rates have value. [Will all our currency exchange at the same rate?] I hear the first 10 million of dinar is a certain higher rate and that it scales down after that.
6-25-2019 Intel Guru MarkZ [Are people working at redemption centers today?] The folks I know reported to work today at 8AM...they really expect to be seeing us all at anytime.
6-25-2019 Newshound Guru larrykn ...the cbi and the government are to different entity but they do work with each other, my thinking of them moving forward was that until today they had not seated their government and unless they did so I can't see them moving to doing anything with their currency, now that they have I like to see the laws needed getting done, like the Investment laws and others. I hope to see that done soon. It finally looks like they are going in the right direction. [Note: Possible to do list is listed in the Resource Bar on the left of this page...]
6-25-2019 Intel Guru MarkZ [via PDK] I’m still pretty giddy...We are hearing Value day (meaning the day they change our values) may be any time after markets close today through sometime tomorrow…We still hear there is a mad-dash rush to get this rolled out before the 28th...maybe even the 26th...[So they kicked the can again huh…] This reset is a monster…it is huge...things happen...they have to fix unforeseen problems as they appear… If you are watching the economic indicators worldwide you can see we are right on top of this.
6-25-2019 Newshound Guru MilitiaMan ...the G-20 on the 28th - 29th...Many of the largest holders of Dinar will be at that meeting. USA, Britain, Canada, Australia, etc.. Be kinda silly for them to show up with no rate in hand to discuss the future of the world. When after they leave the world changes from a reinstatement of their holdings? It would be a waste of time, as the world will change once this goes live... Is suspect a load of high fives will be more likely the case... This thinking of ours has been brought to me by some very special people! It is very good thinking that supports and RI, sooner than later. So, the word I got since was that Tues - Weds may be still a plan of intention, as they only delayed the timing from last window. I am going to ask to get more clarification if possible... I am stoked be sure...
6-25-2019 Intel/Newshound Guru sandyf ...the CBI and the Government are completely different entities from one another. The CBI is the one who is responsible for the currency and can change the rate not the Iraqi Government. A central bank is only responsible for the currency, a government is responsible for the monetary unit, of course you would need to understand the difference.
6-25-2019 Intel Guru MarkZ [via PDK] [What is value day?...] Value day is just the day the new rates have value. [Will all our currency exchange at the same rate?] I hear the first 10 million of dinar is a certain higher rate and that it scales down after that.
6-24-2019 Intel Guru MarkZ The news has been very good this afternoon...I am sitting on the edge of my seat right now. I am waiting for an update out of Iraq…we are hearing they did go live today but unable to verify it yet. Hoping this is verified by tomorrow or even late this evening. I am cautiously, extremely optimistic...A heightened level of alert right now. I am hearing from government sources...that it needs to be done by the 28th…so anytime in the next 4 days is fair game...from DC and the treasury guys…we may see what we want by mid day tomorrow at the latest… We really are at a high alert for any minute. We are minute to minute and we are in it to win it. [What part of you thinks this will not happen?] ZERO...no part of me thinks this will not happen...Its not an “if” it’s a “when”. ...I think this could be our night. Im pretty excited and the news has been solid.
6-24-2019 Newshound Guru Whitelions ...this is a revalue plain and simple ONLY banks that deal in International currency AT the banks can exchange or airports exchangers and they are regulated by the same laws the banks are...
6-24-2019 Intel Guru MarkZ In Iraq I hear all the ministers are ready to be sat...for security and protection of those minister I am told they will be sat minutes before the RV. [So are we still hoping to be done by the end of JUNE?] I am absolutely thinking we will be done in June.
6-24-2019 Newshound Guru David M. Witty Iraqi Parliament votes for Defense & Interior Ministers' nominations. Iraqi Parliament disapproves nominee for Education Minister. Iraqi Defense, Interior & Justice Ministers take constitutional oaths.
6-24-2019 Newshound Guru G-Lin Article: "The House of Representatives votes on the ministers of defense, interior and justice and ends reading two laws" Quote: "...Mr. Najah al-Shammari, Yasin al-Yasiri and Farouk Shwani were sworn in as ministers of defense, interior and justice." ["The Defense and Interior Ministers are passed and they took the oath already!! HUGE HUGE HUGE!! They didn’t approve the education minister yet but they are still meeting again tomorrow so finally the two most important ministers are approved! Should be an interesting week ahead of us!"] I agree...We have waited several years to see this.
6-24-2019 Intel Guru MarkZ [...is there anyway you could explain WHO works in all the redemption centers? Obviously they must be bankers...etc...How they were hired and found, are they under NDA's etc...] they are basically Bankers and Tellers and they are put under serious NDA –They are in the know...they have SKR's for their currency but are not allowed access to their funds until they finish processing us..if they fib, talk or chat – they lose all their currency and the opportunity to exchange. ...They have one of the toughest NDA’s out there.
6-24-2019 Newshound Guru Whitelions ...this is a revalue plain and simple ONLY banks that deal in International currency AT the banks can exchange or airports exchangers and they are regulated by the same laws the banks are...
6-24-2019 Intel Guru MarkZ In Iraq I hear all the ministers are ready to be sat...for security and protection of those minister I am told they will be sat minutes before the RV. [So are we still hoping to be done by the end of JUNE?] I am absolutely thinking we will be done in June.
6-24-2019 Newshound Guru David M. Witty Iraqi Parliament votes for Defense & Interior Ministers' nominations. Iraqi Parliament disapproves nominee for Education Minister. Iraqi Defense, Interior & Justice Ministers take constitutional oaths.
6-24-2019 Newshound Guru G-Lin Article: "The House of Representatives votes on the ministers of defense, interior and justice and ends reading two laws" Quote: "...Mr. Najah al-Shammari, Yasin al-Yasiri and Farouk Shwani were sworn in as ministers of defense, interior and justice." ["The Defense and Interior Ministers are passed and they took the oath already!! HUGE HUGE HUGE!! They didn’t approve the education minister yet but they are still meeting again tomorrow so finally the two most important ministers are approved! Should be an interesting week ahead of us!"] I agree...We have waited several years to see this.
6-24-2019 Intel Guru MarkZ [...is there anyway you could explain WHO works in all the redemption centers? Obviously they must be bankers...etc...How they were hired and found, are they under NDA's etc...] they are basically Bankers and Tellers and they are put under serious NDA –They are in the know...they have SKR's for their currency but are not allowed access to their funds until they finish processing us..if they fib, talk or chat – they lose all their currency and the opportunity to exchange. ...They have one of the toughest NDA’s out there.
6-23-2019 Newshound Guru MilitiaMan Alak is clearly talking imo about currency carry trade. He needed to do the calculations to get to a rate that will be stable and steady with a strong interest rate, thus, traders can carry the currency trade...Now lets watch the Proxies go by the way side to usher in the fully seated Ministers and the new Fully seated currency rate Alak has for us at the same time or just after the Ministers sit. The GOI institutes the CBI, yet the CBI is independent. So once Ministers are seated then Alak can talk!!..imo. Sure looks exciting imo... [post 2 of 2]
6-23-2019 Newshound Guru MilitiaMan Article: "Interbank Market The Central Bank launched the electronic platform for trading between banks operating in Iraq (FX, Money Market)" Quote: "A platform that establishes an organized electronic financial market that opens and facilitates the way for foreign investment in Iraq." They signed the Deal with the Indian Firm now the CBI says this... Keep in mind that FX, Money Markets are the largest markets in the world! The CBI has set the stage to go live from the picture I am seeing in all this data they are putting out. [post 1 of 2....stay tuned]
6-23-2019 Intel Guru MarkZ ...Things are still very positive and seem to be on track...
6-23-2019 Newshound Guru Adam Montana [I came to the conclusion that the tax code is just not clear about this RV situation. ...That's why some CPAs believe it will be Cap Gains, and others are just as sure it's Ordinary Income.] I do still agree with that, and there's only one way that's going to change - if/when the IRS gets around to clarifying it, as it relates specifically to the Dinar/this situation. Unfortunately, they can clarify it pretty quickly... certainly in the same tax year as the RV is announced, and I'm betting it won't be in our favor. If at all possible, I would love to claim Cap gains. The unfortunate reality is that we may not have that option, especially after the rules are changed retroactively on us. I am hoping for the best but prepared and protected against the worst in regards to taxation. [Note: Be sure to check with your tax professional at the appropriate time.]
6-23-2019 Intel Guru RayRen98 The Ministers of Defense Interior have been announced this morning. PM Mahdi is stating on Iraqi TV that "Parliament will confirm the remaining cabinet positions." This will complete his administration selections. [Maybe now the CBI can take care of business since the government was finalized?]
6-23-2019 Intel Guru Delta Article quote: "...Prime Minister Adel Abdul Mahdi confirmed to him will send the names of candidates to parliament this week." ...THE DELAY WAS FROM THE GOV NOT PARLIAMENT… MAHDI IS DOING LAST AUDIT ON CANDIDATES ...IT WILL GET DONE THIS WEEK...BUT AFTER CBI MOVE LAST WEEK...WE DON'T HAVE TO WORRY ANYMORE...CBI IS MOVING FORWARD...NO MATTER WHAT HAPPEN...ONE WAY STREET...NO WAY BACK...
6-23-2019 Newshound Guru MilitiaMan Article: "Central Bank Governor: We are proud of Samir Al Nusairi's book and thank the Association of Banks for its support" Effectively it looks as though Alak has set the stage to create, if not already implemented the time frame to use the mechanism to turn the auctions off as we know them, as they are ready to correct the large structural imbalances to a position of balance...the tools are in place to raise the balance of the Central Bank (read Exchange Rate, imo) !!
6-23-2019 Newshound Guru MilitiaMan Article: "Interbank Market The Central Bank launched the electronic platform for trading between banks operating in Iraq (FX, Money Market)" Quote: "A platform that establishes an organized electronic financial market that opens and facilitates the way for foreign investment in Iraq." They signed the Deal with the Indian Firm now the CBI says this... Keep in mind that FX, Money Markets are the largest markets in the world! The CBI has set the stage to go live from the picture I am seeing in all this data they are putting out. [post 1 of 2....stay tuned]
6-23-2019 Intel Guru MarkZ ...Things are still very positive and seem to be on track...
6-23-2019 Newshound Guru Adam Montana [I came to the conclusion that the tax code is just not clear about this RV situation. ...That's why some CPAs believe it will be Cap Gains, and others are just as sure it's Ordinary Income.] I do still agree with that, and there's only one way that's going to change - if/when the IRS gets around to clarifying it, as it relates specifically to the Dinar/this situation. Unfortunately, they can clarify it pretty quickly... certainly in the same tax year as the RV is announced, and I'm betting it won't be in our favor. If at all possible, I would love to claim Cap gains. The unfortunate reality is that we may not have that option, especially after the rules are changed retroactively on us. I am hoping for the best but prepared and protected against the worst in regards to taxation. [Note: Be sure to check with your tax professional at the appropriate time.]
6-23-2019 Intel Guru RayRen98 The Ministers of Defense Interior have been announced this morning. PM Mahdi is stating on Iraqi TV that "Parliament will confirm the remaining cabinet positions." This will complete his administration selections. [Maybe now the CBI can take care of business since the government was finalized?]
6-23-2019 Intel Guru Delta Article quote: "...Prime Minister Adel Abdul Mahdi confirmed to him will send the names of candidates to parliament this week." ...THE DELAY WAS FROM THE GOV NOT PARLIAMENT… MAHDI IS DOING LAST AUDIT ON CANDIDATES ...IT WILL GET DONE THIS WEEK...BUT AFTER CBI MOVE LAST WEEK...WE DON'T HAVE TO WORRY ANYMORE...CBI IS MOVING FORWARD...NO MATTER WHAT HAPPEN...ONE WAY STREET...NO WAY BACK...
6-23-2019 Newshound Guru MilitiaMan Article: "Central Bank Governor: We are proud of Samir Al Nusairi's book and thank the Association of Banks for its support" Effectively it looks as though Alak has set the stage to create, if not already implemented the time frame to use the mechanism to turn the auctions off as we know them, as they are ready to correct the large structural imbalances to a position of balance...the tools are in place to raise the balance of the Central Bank (read Exchange Rate, imo) !!
6-22-2019 Intel Guru MarkZ Everything looks good this weekend so far...
6-22-2019 Newshound/Intel Guru Mnt Goat Article quote: "...ENTER INTO LEGAL PROBLEMS BECAUSE OF THE BUDGET LAW WHICH THE GOVERNMENT COMMITTED TO COMPLETE AT THE END OF THE 30TH OF THIS MONTH...] More delays have rippling effects downstream. Delays in getting the govt formed out of proxy is now going to delay the budget.
6-22-2019 Newshound Guru MilitiaMan Article: "The Iraqi Trade Bank signs an agreement with the Indian Information Solutions Company" So they...tell us the Iraq Trade Bank has cut a deal with an Indian Solutions Compnay to provide financial Technology Services to meet requirements of the Bank and other financial institutions in an out of Iraq. In other words internationally. ...the sectors they mention...Oil, Steel, Iron, petrochemicals, fertilizers and dairy operations. All about supporting the future reconstruction efforts once they lift the value like they told us they would. imo.
6-22-2019 Intel Guru Eagleone2025 ...IT LOOKS LIKES THE RV IS LOOKING VERY GOOD NEXT WEEK
6-22-2019 Newshound/Intel Guru David M. Witty Iraqi MP says plans to discuss completing PM's cabinet in today's meeting of Parliament have been postponed since the government has not sent the list of nominees.
6-22-2019 Newshound Guru G-Lin No completion of the cabinet...I'm not surprised. The entire area is too unstable.
6-22-2019 Newshound Guru MilitiaMan Article quote: "The main thing that is achieved is the stability of the exchange rate and the reduction of the gap between the official price of the US dollar and the parallel price, which is a basic objective of the monetary policy and the implementation of the policies of re-confidence in the banking transactions of Iraqi banks with Arab banks" They are clearly laying out what they are doing in regards to reforms and future actions in regard to the IQD exchange rate. They are going to cease the auctions as we have noted over the last few days. They say...that they are to reduce the gap between the official price of the Dollar and the parallel price...imo.
6-22-2019 Intel Guru MarkZ [Any news out of Iraq?] My contacts there are a diplomat with the ministry and a contractor from Australia – they say that they have been sitting waiting for their notification for 3 and a half weeks - they do believe its this week...they tell me to look for Iraq cabinet being fully seated-then the new rate will announce right after that.
6-22-2019 Newshound/Intel Guru Mnt Goat Article quote: "...ENTER INTO LEGAL PROBLEMS BECAUSE OF THE BUDGET LAW WHICH THE GOVERNMENT COMMITTED TO COMPLETE AT THE END OF THE 30TH OF THIS MONTH...] More delays have rippling effects downstream. Delays in getting the govt formed out of proxy is now going to delay the budget.
6-22-2019 Newshound Guru MilitiaMan Article: "The Iraqi Trade Bank signs an agreement with the Indian Information Solutions Company" So they...tell us the Iraq Trade Bank has cut a deal with an Indian Solutions Compnay to provide financial Technology Services to meet requirements of the Bank and other financial institutions in an out of Iraq. In other words internationally. ...the sectors they mention...Oil, Steel, Iron, petrochemicals, fertilizers and dairy operations. All about supporting the future reconstruction efforts once they lift the value like they told us they would. imo.
6-22-2019 Intel Guru Eagleone2025 ...IT LOOKS LIKES THE RV IS LOOKING VERY GOOD NEXT WEEK
6-22-2019 Newshound/Intel Guru David M. Witty Iraqi MP says plans to discuss completing PM's cabinet in today's meeting of Parliament have been postponed since the government has not sent the list of nominees.
6-22-2019 Newshound Guru G-Lin No completion of the cabinet...I'm not surprised. The entire area is too unstable.
6-22-2019 Newshound Guru MilitiaMan Article quote: "The main thing that is achieved is the stability of the exchange rate and the reduction of the gap between the official price of the US dollar and the parallel price, which is a basic objective of the monetary policy and the implementation of the policies of re-confidence in the banking transactions of Iraqi banks with Arab banks" They are clearly laying out what they are doing in regards to reforms and future actions in regard to the IQD exchange rate. They are going to cease the auctions as we have noted over the last few days. They say...that they are to reduce the gap between the official price of the Dollar and the parallel price...imo.
6-22-2019 Intel Guru MarkZ [Any news out of Iraq?] My contacts there are a diplomat with the ministry and a contractor from Australia – they say that they have been sitting waiting for their notification for 3 and a half weeks - they do believe its this week...they tell me to look for Iraq cabinet being fully seated-then the new rate will announce right after that.
6-21-2019 Newshound Guru G-Lin Article: "Parliament votes Saturday to complete the cabin and terminate the agency positions" Quote: "The House of Representatives, next Saturday, its regular session. The agenda includes the completion of the vote on the cabinet and special grades and the end of the file of the state administration by proxy." This is huge if accurate.
6-21-2019 Intel Guru Delta Article: "Saturday's agenda includes cabinet vote and special ratings" IN THE AGENDA...IN PRINT...PARLIAMENT WILL VOTES SAT TO COMPLETE THE CABIN [CABINET]...IT WILL START AT 11AM IRAQI TIME... [You can see Iraqi Time at the top of the Resource Bar on the left of this page...]
6-21-2019 Intel Guru MarkZ ...this is going to be a magical 3 day weekend...All my guys say they are staging everything this weekend for a go on Monday...[What are your opinions on rates.] I am hearing 2.20-2.25 for dong...Based on what Im hearing...the street rate for dinar should around 3.92 - $3.96 with a rate in the US maybe $4 - $6 for dinar...this is my opinion. [post 2 of 2]
6-21-2019 Intel Guru MarkZ I really feel this is the last broke weekend for us all. I feel this one is it...no excuses…no delays…just hearing only positive news today. ...We feel that 800 numbers are fair game anytime this weekend. Expecting a lot of things will be happening on Sunday. I am hearing we will be at the banks after 2pm Monday... [post 1 of 2....stay tuned]
6-21-2019 Newshound/Intel Guru Mnt Goat ...So the banks now are taking these large three zero notes and buying the smaller category notes. Are they also buying the coins. Yes, I believe the CBI is now issuing also the coins but not in massive distribution as of yet. The banks are buying them and they do plan to use them very soon. ...I got to tell you Iraq is planning some HUGE change in their currency in the near future. ...I still think that new CBI target is now the end of June when the supplemental budget and the rest of the govt will be formed... [post 2 of 2]
6-21-2019 Newshound/Intel Guru Mnt Goat Article: "CBI MEETS IT’S CURRENCY GOALS FOR PROJECT TO DELETE THE ZEROS" Quote: "The Central Bank in 2011 put forward a project to delete the zeros for the structure of the currency, which the bank considered it would transfer Iraq from the country of trillions to billions..." This...is the connection and proof that the reduction of dinars down to 39 trillion is the effort of the project to delete the zeros. ...They tried many aspects to get the larger 3 zero notes off the streets. ...It was not until they introduced the electronic banking and Key cards the this finally became a reality. ...This has got to be the tenth time already they told us this in articles. [post 1 of 2....stay tuned]
6-21-2019 Intel Guru Bruce I think we have a good shot getting started on Saturday... I am trying not to call it, but I am giving you the information, pretty much, as I received it, and I feel like we are in really good position right now to get everything started from our point of view. I know our security is at the ultimate highest point it ever been. So, we are set from that point of view. Now, I think guys, we have gone as far as we can go without the toll-free numbers. I think we are going to get them very soon...and I think we are going to get started over the weekend. We will see how that goes...I am excited for us about to get started... [post 2 of 2]
6-21-2019 Intel Guru Bruce [via PinkRoses] I am very excited...we have had a couple of false starts over the last two weeks...Let’s just go to what is going on... First...there was a conference call, a large meeting with everybody you can imagine in the banking business...All the major banks AIIB, Wells Fargo, Chase, all the top banks, and some of the other government agencies...a global call...We had a couple of signatures that we were looking for today. We got one of them. The last one we think we were looking for should be attained by the end of that meeting. ...The Bank of International Settlements is being reworked. That is very positive for us...The IMF is not really involved anymore... [post 1 of 2....stay tuned]
6-21-2019 Intel Guru MarkZ [Capital gains tax? Will that be a factor on new purchases of currency?] I am still hearing from a number of sources that this exchange will not be taxed...but be sure to check with professionals.
6-21-2019 Intel Guru Delta Article: "Saturday's agenda includes cabinet vote and special ratings" IN THE AGENDA...IN PRINT...PARLIAMENT WILL VOTES SAT TO COMPLETE THE CABIN [CABINET]...IT WILL START AT 11AM IRAQI TIME... [You can see Iraqi Time at the top of the Resource Bar on the left of this page...]
6-21-2019 Intel Guru MarkZ ...this is going to be a magical 3 day weekend...All my guys say they are staging everything this weekend for a go on Monday...[What are your opinions on rates.] I am hearing 2.20-2.25 for dong...Based on what Im hearing...the street rate for dinar should around 3.92 - $3.96 with a rate in the US maybe $4 - $6 for dinar...this is my opinion. [post 2 of 2]
6-21-2019 Intel Guru MarkZ I really feel this is the last broke weekend for us all. I feel this one is it...no excuses…no delays…just hearing only positive news today. ...We feel that 800 numbers are fair game anytime this weekend. Expecting a lot of things will be happening on Sunday. I am hearing we will be at the banks after 2pm Monday... [post 1 of 2....stay tuned]
6-21-2019 Newshound/Intel Guru Mnt Goat ...So the banks now are taking these large three zero notes and buying the smaller category notes. Are they also buying the coins. Yes, I believe the CBI is now issuing also the coins but not in massive distribution as of yet. The banks are buying them and they do plan to use them very soon. ...I got to tell you Iraq is planning some HUGE change in their currency in the near future. ...I still think that new CBI target is now the end of June when the supplemental budget and the rest of the govt will be formed... [post 2 of 2]
6-21-2019 Newshound/Intel Guru Mnt Goat Article: "CBI MEETS IT’S CURRENCY GOALS FOR PROJECT TO DELETE THE ZEROS" Quote: "The Central Bank in 2011 put forward a project to delete the zeros for the structure of the currency, which the bank considered it would transfer Iraq from the country of trillions to billions..." This...is the connection and proof that the reduction of dinars down to 39 trillion is the effort of the project to delete the zeros. ...They tried many aspects to get the larger 3 zero notes off the streets. ...It was not until they introduced the electronic banking and Key cards the this finally became a reality. ...This has got to be the tenth time already they told us this in articles. [post 1 of 2....stay tuned]
6-21-2019 Intel Guru Bruce I think we have a good shot getting started on Saturday... I am trying not to call it, but I am giving you the information, pretty much, as I received it, and I feel like we are in really good position right now to get everything started from our point of view. I know our security is at the ultimate highest point it ever been. So, we are set from that point of view. Now, I think guys, we have gone as far as we can go without the toll-free numbers. I think we are going to get them very soon...and I think we are going to get started over the weekend. We will see how that goes...I am excited for us about to get started... [post 2 of 2]
6-21-2019 Intel Guru Bruce [via PinkRoses] I am very excited...we have had a couple of false starts over the last two weeks...Let’s just go to what is going on... First...there was a conference call, a large meeting with everybody you can imagine in the banking business...All the major banks AIIB, Wells Fargo, Chase, all the top banks, and some of the other government agencies...a global call...We had a couple of signatures that we were looking for today. We got one of them. The last one we think we were looking for should be attained by the end of that meeting. ...The Bank of International Settlements is being reworked. That is very positive for us...The IMF is not really involved anymore... [post 1 of 2....stay tuned]
6-21-2019 Intel Guru MarkZ [Capital gains tax? Will that be a factor on new purchases of currency?] I am still hearing from a number of sources that this exchange will not be taxed...but be sure to check with professionals.
6-20-2019 Intel Guru Eagleone2025 ...WE HOPE THE RV WILL GO DOWN BY THE END OF THIS MONTH...WE ARE GETTING CLOSE ON THIS RV...HIGH ALERT FOR RV... IT IS ALL COMING TOGETHER SO WE WAIT AND WATCH...
6-20-2019 Intel Guru MarkZ ...We are in a “heightened watch” level today...We appear to be sitting on “go”...everyone is geared up and everyone is complete. Just waiting for the treasury to tell the banks to start processing people. Many are watching for 800 numbers today...my opinion is – if we don’t get them by Friday afternoon ...dont watch for them until Sunday. [Do the banks have the rates?] I am told they have the rates...but no one will talk about it.
6-20-2019 Newshound Guru Adam Montana BUT, did something major happen? YES. That's where we seem to be right now. This is the time of year that many major milestones have been reached in Iraq. NOW is the time I'm expecting to see something major... maybe HCL, maybe something else, and very possibly a rate change. The tension is growing, and it shows in many ways...like how your animals know a storm is coming, when the weather person said "10% chance of rain", and then the neighbors barn and cows get taken away in a tornado. Fido knew. Did you listen? ...Bring on the twisters! [post 2 of 2]
6-20-2019 Newshound Guru Adam Montana If you were around the Dinar world before Chapter 7 was lifted, an event that was arguably one of the most important events related to Iraq in recent history, you'll remember that things got VERY exciting before that happened. It was not a guarantee that Chapter 7 would get lifted...in fact, it was questionable if it would actually happen, and very much a surprise to many. Even without absolute confirmation of this very important event that was about to transpire, and even though many of the news stations and media and all of the people "in the know" didn't give a warning... the dinar world had a "feeling" that something was about to happen...Did we have an RV at that time? Obviously not. And nobody cashed in...at least, not at the $3+ rate. [post 1 of 2....stay tuned]
6-20-2019 Newshound/Intel Guru Mnt Goat The new coins have not yet been allowed into circulation but we know there are to be new coins and they are stamped and waiting at the banks for use them, but not yet. We should expect yet more news about these new denominations and coins. This is all VERY good news...We should be jumping up and down and getting our champagne chilled. Again I say let’s look for the 50 and 100 dinar notes to come out along with the coins. This will be our sign they are about to reinstate the currency back to the global exchanges for public trading. [post 2 of 2]
6-20-2019 Newshound/Intel Guru Mnt Goat Article: "DANNAIR PUBLISHES THE FEATURES OF THE NEW IRAQI CURRENCY AFTER THE DELETION OF ZEROS" So the new smaller notes of 5, 10 and 25 are replacing the 3 zero notes of 5,000, 10,000 and 25,000 accordingly. This is a 1:1 RV in Iraq. I said within Iraq, did you hear me? In addition they are also issuing a 50, 100, 200 dinar notes of smaller category. Remember they already issued the 50 notes way back in 2015 in the anticipation the reinstatement was going in January of 2016. [post 1 of 2....stay tuned]
6-20-2019 Intel Guru Frank26 [...do I remember correctly that the treaty with Kuwait says Iraq cannot be higher than they are? Kuwait has been hanging in there around $3.28……. Maybe Kuwait can go higher- right? Not trying to be greedy...] GREEDY? ...NO. RE-CALCULATED ... RE-CALCULATED ... RE-CALCULATED. IT WAS SO WRITTEN...IT WILL BE MADE SO.
6-20-2019 Intel Guru MarkZ [via PDK] We are on a heightened watch...a high RV warning right now. ...I personally believe we are in a day or two of seeing this all go...at the very most – in June...but I think its about to go...
6-20-2019 Intel Guru MarkZ ...We are in a “heightened watch” level today...We appear to be sitting on “go”...everyone is geared up and everyone is complete. Just waiting for the treasury to tell the banks to start processing people. Many are watching for 800 numbers today...my opinion is – if we don’t get them by Friday afternoon ...dont watch for them until Sunday. [Do the banks have the rates?] I am told they have the rates...but no one will talk about it.
6-20-2019 Newshound Guru Adam Montana BUT, did something major happen? YES. That's where we seem to be right now. This is the time of year that many major milestones have been reached in Iraq. NOW is the time I'm expecting to see something major... maybe HCL, maybe something else, and very possibly a rate change. The tension is growing, and it shows in many ways...like how your animals know a storm is coming, when the weather person said "10% chance of rain", and then the neighbors barn and cows get taken away in a tornado. Fido knew. Did you listen? ...Bring on the twisters! [post 2 of 2]
6-20-2019 Newshound Guru Adam Montana If you were around the Dinar world before Chapter 7 was lifted, an event that was arguably one of the most important events related to Iraq in recent history, you'll remember that things got VERY exciting before that happened. It was not a guarantee that Chapter 7 would get lifted...in fact, it was questionable if it would actually happen, and very much a surprise to many. Even without absolute confirmation of this very important event that was about to transpire, and even though many of the news stations and media and all of the people "in the know" didn't give a warning... the dinar world had a "feeling" that something was about to happen...Did we have an RV at that time? Obviously not. And nobody cashed in...at least, not at the $3+ rate. [post 1 of 2....stay tuned]
6-20-2019 Newshound/Intel Guru Mnt Goat The new coins have not yet been allowed into circulation but we know there are to be new coins and they are stamped and waiting at the banks for use them, but not yet. We should expect yet more news about these new denominations and coins. This is all VERY good news...We should be jumping up and down and getting our champagne chilled. Again I say let’s look for the 50 and 100 dinar notes to come out along with the coins. This will be our sign they are about to reinstate the currency back to the global exchanges for public trading. [post 2 of 2]
6-20-2019 Newshound/Intel Guru Mnt Goat Article: "DANNAIR PUBLISHES THE FEATURES OF THE NEW IRAQI CURRENCY AFTER THE DELETION OF ZEROS" So the new smaller notes of 5, 10 and 25 are replacing the 3 zero notes of 5,000, 10,000 and 25,000 accordingly. This is a 1:1 RV in Iraq. I said within Iraq, did you hear me? In addition they are also issuing a 50, 100, 200 dinar notes of smaller category. Remember they already issued the 50 notes way back in 2015 in the anticipation the reinstatement was going in January of 2016. [post 1 of 2....stay tuned]
6-20-2019 Intel Guru Frank26 [...do I remember correctly that the treaty with Kuwait says Iraq cannot be higher than they are? Kuwait has been hanging in there around $3.28……. Maybe Kuwait can go higher- right? Not trying to be greedy...] GREEDY? ...NO. RE-CALCULATED ... RE-CALCULATED ... RE-CALCULATED. IT WAS SO WRITTEN...IT WILL BE MADE SO.
6-20-2019 Intel Guru MarkZ [via PDK] We are on a heightened watch...a high RV warning right now. ...I personally believe we are in a day or two of seeing this all go...at the very most – in June...but I think its about to go...
6-19-2019 Newshound/Intel Guru Mnt Goat 7. And….of course there is much more at stake now with getting an honest non-Iranian selected for the Interior and Security ministers. 8. They already moved the dates from 2018-2022 to 2019-2023 for the term of this project. So, half a year is already shot with no substantial investors willing to lay their cash on the line due to these reasons... THEY NEED A VIABLE CURRENCY TO MOVE FORWARD! Investors want a value assigned to the currency that they can deal with and prosper from. A realistic value and nothing more or less. It’s coming and it has to come soon! [post 3 of 3]
6-19-2019 Newshound/Intel Guru Mnt Goat 4. Just recently parliament passed the “Financial Management Law” which is the support by the GOI that is needed for the project to be successful... 5. Sadr is putting great pressure on getting the remaining ministers out of proxy and qualified (non-Iranian) candidates ratified by parliament. This is scheduled again for a vote on Saturday...They are at the end of the line. After this Saturday June 22nd there is only a week remaining in June... 6. We now know the end of this currency legislative session and it ends the end of June. We know that Mahdi must form his government with the remaining positions by then or else be subjected to a no-confidence vote. [post 2 of 3....stay tuned]
6-19-2019 Newshound/Intel Guru Mnt Goat Are they now prepared to pull the final trigger and bring this project to a conclusion? 1. They just told us again the CBI was successful in the reduction of cash on the streets. They just told us they got the 140 trillion dinars from 2011 down now to 39 trillion. 2. We know they have been stocking the banks with the new coins and infusing yet more of the small category notes out in the ATMs and banks (250, 500 and 1000). Just recently they issued the 50 dinar note back. WOW! The banks also have the 100 dinar notes but we have not yet seen them on the streets or ATMs. 3. We know that certain Iranian factions within the government appose the project to delete the zeros and have helped to block in the past any way they can. [post 1 of 3....stay tuned]
6-19-2019 Intel Guru MarkZ [via PDK] My folks in Reno were actually in the room to process when they were told there was a security issue and they were sent away…Folks in Hong Kong were also at the exchange table to process and they were turned away citing security issues as well...One large whale in Asia was actually turned away from the table...told to come back today…They cannot keep stopping guys… Many intel people are still looking for 800 numbers today. [What is the status of the redemption centers..? Are they still on high alert..?] Yes- They arrived at 7AM this morning and are on high alert. Once again I will say...DO NOT LET YOUR CURRENCY OUT OF YOUR SIGHT!!
6-19-2019 Intel Guru Eagleone2025 [via PDK] ALOT OF MEETING GOING ON IN DC. ...HIGH SECURITY MEETINGS TAKEN PLACE. LOOKING FOR RV AROUND THE END OF THE MONTH. G20 SUMMIT COMING UP. ...THE THINGS I AM SHARING I AM ALLOWED TO SHARE AT THIS TIME. HOWEVER THERE IS ALOT I CAN NOT SHARE. ALOT HAS UNFOLDED. ...WE ARE JUST WAITING FOR THE GREEN LIGHT.
6-19-2019 Newshound Guru G-Lin Article: "The Anti-Corruption Council comments on the last reference letter and takes action at the currency auction" Quote: "The council also hosted a special report on the sale of foreign exchange in terms of reasons, justification, mechanism of action, monitoring and measures, and identifying gaps that constitute an introduction to corruption and ways of closing them." This is good to see.
6-19-2019 Newshound Guru Adam Montana [Recent CBI articles suggest a RV at $.87 cents. Could this be a sucker rate with huge increases to follow?] “Sucker rate” is a bit of a mean spirited phrase, but there is certainly merit to the possibility that a rate will come out low and rise initially.
6-19-2019 Intel Guru Bruce [via PinkRoses] ...we are so close to the Go Time...a few days ago on the bank screens at Redemption Centers was to [two ?] dates. One date was...June 17th. The other date was...June 19th...as Go Days for us...The information I received today is pointing toward things triggered after President Trump’s rally. It maybe hours after the rally. It maybe after midnight. It could be tomorrow [Wednesday], but I think that there is a triggering mechanism that will be looked at very closely after midnight tonight [Tuesday]. So, lets see how that works. Let’s see how that goes. ...Do not worry about rates. Rates are fine. Rates are strong. ...The idea of a shotgun start is really where we think we are...
6-19-2019 Intel Guru Delta URGENT FROM IRAQI TV: "ANTI CORRUPTION HOSTS CBI GOV AND TAKES ACTION ON THE CURRENCY AUCTION..." IT'S ALL OVER THE NEWS ...THEY GOT SLAP BY SISTANI... SHOW US THE RATE...NOW...
6-19-2019 Newshound/Intel Guru Mnt Goat 4. Just recently parliament passed the “Financial Management Law” which is the support by the GOI that is needed for the project to be successful... 5. Sadr is putting great pressure on getting the remaining ministers out of proxy and qualified (non-Iranian) candidates ratified by parliament. This is scheduled again for a vote on Saturday...They are at the end of the line. After this Saturday June 22nd there is only a week remaining in June... 6. We now know the end of this currency legislative session and it ends the end of June. We know that Mahdi must form his government with the remaining positions by then or else be subjected to a no-confidence vote. [post 2 of 3....stay tuned]
6-19-2019 Newshound/Intel Guru Mnt Goat Are they now prepared to pull the final trigger and bring this project to a conclusion? 1. They just told us again the CBI was successful in the reduction of cash on the streets. They just told us they got the 140 trillion dinars from 2011 down now to 39 trillion. 2. We know they have been stocking the banks with the new coins and infusing yet more of the small category notes out in the ATMs and banks (250, 500 and 1000). Just recently they issued the 50 dinar note back. WOW! The banks also have the 100 dinar notes but we have not yet seen them on the streets or ATMs. 3. We know that certain Iranian factions within the government appose the project to delete the zeros and have helped to block in the past any way they can. [post 1 of 3....stay tuned]
6-19-2019 Intel Guru MarkZ [via PDK] My folks in Reno were actually in the room to process when they were told there was a security issue and they were sent away…Folks in Hong Kong were also at the exchange table to process and they were turned away citing security issues as well...One large whale in Asia was actually turned away from the table...told to come back today…They cannot keep stopping guys… Many intel people are still looking for 800 numbers today. [What is the status of the redemption centers..? Are they still on high alert..?] Yes- They arrived at 7AM this morning and are on high alert. Once again I will say...DO NOT LET YOUR CURRENCY OUT OF YOUR SIGHT!!
6-19-2019 Intel Guru Eagleone2025 [via PDK] ALOT OF MEETING GOING ON IN DC. ...HIGH SECURITY MEETINGS TAKEN PLACE. LOOKING FOR RV AROUND THE END OF THE MONTH. G20 SUMMIT COMING UP. ...THE THINGS I AM SHARING I AM ALLOWED TO SHARE AT THIS TIME. HOWEVER THERE IS ALOT I CAN NOT SHARE. ALOT HAS UNFOLDED. ...WE ARE JUST WAITING FOR THE GREEN LIGHT.
6-19-2019 Newshound Guru G-Lin Article: "The Anti-Corruption Council comments on the last reference letter and takes action at the currency auction" Quote: "The council also hosted a special report on the sale of foreign exchange in terms of reasons, justification, mechanism of action, monitoring and measures, and identifying gaps that constitute an introduction to corruption and ways of closing them." This is good to see.
6-19-2019 Newshound Guru Adam Montana [Recent CBI articles suggest a RV at $.87 cents. Could this be a sucker rate with huge increases to follow?] “Sucker rate” is a bit of a mean spirited phrase, but there is certainly merit to the possibility that a rate will come out low and rise initially.
6-19-2019 Intel Guru Bruce [via PinkRoses] ...we are so close to the Go Time...a few days ago on the bank screens at Redemption Centers was to [two ?] dates. One date was...June 17th. The other date was...June 19th...as Go Days for us...The information I received today is pointing toward things triggered after President Trump’s rally. It maybe hours after the rally. It maybe after midnight. It could be tomorrow [Wednesday], but I think that there is a triggering mechanism that will be looked at very closely after midnight tonight [Tuesday]. So, lets see how that works. Let’s see how that goes. ...Do not worry about rates. Rates are fine. Rates are strong. ...The idea of a shotgun start is really where we think we are...
6-19-2019 Intel Guru Delta URGENT FROM IRAQI TV: "ANTI CORRUPTION HOSTS CBI GOV AND TAKES ACTION ON THE CURRENCY AUCTION..." IT'S ALL OVER THE NEWS ...THEY GOT SLAP BY SISTANI... SHOW US THE RATE...NOW...
6-18-2019 Intel Guru RayRen98 Iraqi leaders signed documents making "CONFIRMING THE GOVERNMENT WITHIN 2 WEEKS" a priority.
6-18-2019 Intel Guru MarkZ On some topics I am told to be quiet for security reasons...Right now it is difficult to get any news out of Reno...I take that as a positive sign. [Are they just kicking the can again?] I do not think they are kicking the can...its just logistics. I still believe this is our month guys and that we will be done before the 28th... [post 2 of 2]
6-18-2019 Intel Guru MarkZ We did not see the progress we wanted yesterday. It seems the problems were just logistics with the new Treasury person who took over the rollout on Thursday (Judy Shelton). I also heard they simplified the NDA, and streamlined the exchange process to make it more efficient for us all. My treasury contact was excited and banking contacts feel very positive today. We are hearing from 4 different people they are still trying to push it out today. [post 1 of 2....stay tuned]
6-18-2019 Newshound Guru chattels Article quote: "stabilized at the exchange rate of the US dollar against the Iraqi dinar. The market price in the Kifah Stock Exchange in Baghdad was 1201 dinars per dollar, ie 120 thousand and 100 dinars per hundred dollars."
6-18-2019 Newshound/Intel Guru Mnt Goat It really looks like we are now on a full force to getting the reinstatement completed sometime in June. Really? Could this really happen? With all the news we are now hearing a new timeline CBI target has been identified and it is showing the target by the end of June. Let’s all pray that this is our last timeline ever.
6-18-2019 Intel Guru Frank26 [via Iobey777] PAY ATTENTION to ALL articles from the CBI! right now, the citizens are waiting for the rate to change so they will bring in their 3 zero notes into the bank, their education will continue...The CBI does not have to announce it to us, it could just show up at any time, then the articles to guide the citizens will come out!
6-18-2019 Intel/Newshound Guru sandyf [wonder if they even have filed for article 8 and just waiting approval.] It has nothing to do with approval. For the last 40 years or so the IMF have been actively pushing countries to accept the obligations of Art 8. As far as I am aware there are still about 17 countries under Article 14, Iraq being one of them.
6-18-2019 Intel Guru MarkZ On some topics I am told to be quiet for security reasons...Right now it is difficult to get any news out of Reno...I take that as a positive sign. [Are they just kicking the can again?] I do not think they are kicking the can...its just logistics. I still believe this is our month guys and that we will be done before the 28th... [post 2 of 2]
6-18-2019 Intel Guru MarkZ We did not see the progress we wanted yesterday. It seems the problems were just logistics with the new Treasury person who took over the rollout on Thursday (Judy Shelton). I also heard they simplified the NDA, and streamlined the exchange process to make it more efficient for us all. My treasury contact was excited and banking contacts feel very positive today. We are hearing from 4 different people they are still trying to push it out today. [post 1 of 2....stay tuned]
6-18-2019 Newshound Guru chattels Article quote: "stabilized at the exchange rate of the US dollar against the Iraqi dinar. The market price in the Kifah Stock Exchange in Baghdad was 1201 dinars per dollar, ie 120 thousand and 100 dinars per hundred dollars."
6-18-2019 Newshound/Intel Guru Mnt Goat It really looks like we are now on a full force to getting the reinstatement completed sometime in June. Really? Could this really happen? With all the news we are now hearing a new timeline CBI target has been identified and it is showing the target by the end of June. Let’s all pray that this is our last timeline ever.
6-18-2019 Intel Guru Frank26 [via Iobey777] PAY ATTENTION to ALL articles from the CBI! right now, the citizens are waiting for the rate to change so they will bring in their 3 zero notes into the bank, their education will continue...The CBI does not have to announce it to us, it could just show up at any time, then the articles to guide the citizens will come out!
6-18-2019 Intel/Newshound Guru sandyf [wonder if they even have filed for article 8 and just waiting approval.] It has nothing to do with approval. For the last 40 years or so the IMF have been actively pushing countries to accept the obligations of Art 8. As far as I am aware there are still about 17 countries under Article 14, Iraq being one of them.
6-17-2018 * Dinar Guru News Update * Prime Minister Mahdi removed 30 kilometers of blast walls and hundreds of checkpoints surrounding the green-zone of Baghdad. Over 14,000 T-walls have already been removed and 600 streets reopened in Baghdad. Quote: "It was long inaccessible to most Iraqis until an order from Abdel Mahdi last year, and families can now be seen picking their way across its [Baghdad's Green-Zone] manicured parks for sunset pictures". Stay tuned as the gurus chime in on the improving state of security in Baghdad and Iraq... The latest guru post will continue below...
6-17-2019 Intel Guru MarkZ In Iraq I am still hearing from folks over there that they are totally done and are waiting on the US to say “go”. ...We are expecting a lot of movement the next couple days... Redemption center folks reported for work bright and early this morning and are on high alert. [Do you think this will be a shotgunstart?] Absolutely - I do believe it will be a shotgun start. I believe we are sitting on “go” right now. [post 2 of 2]
6-17-2019 Intel Guru MarkZ [via PDK] This is one of the busiest weekends we have ever seen in Reno. We are seeing people in place, everything in position. ...so rumors running all over Reno is...800 numbers released later today and we are in the banks tomorrow...we are all praying this is all correct... ...misinformation and shills are out there to make you all mad and discouraged...they do want people to give up...sell your currency and go away...dont do it...don’t let them win. [post 1 of 2....stay tuned]
6-17-2019 Intel Guru MarkZ [via PDK] This is one of the busiest weekends we have ever seen in Reno. We are seeing people in place, everything in position. ...so rumors running all over Reno is...800 numbers released later today and we are in the banks tomorrow...we are all praying this is all correct... ...misinformation and shills are out there to make you all mad and discouraged...they do want people to give up...sell your currency and go away...dont do it...don’t let them win. [post 1 of 2....stay tuned]
6-16-2019 Newshound Guru Breitling It is black and white. The American economy vs the Middle East and Russia's economy. When the energy prices are high those countries do good. When the energy prices are high in America the United States economy slows down. Remember energy moves matter. It's always been like that. The economy goes down when the oil prices are up. And when the oil prices go down our economy just goes through the roof.
6-16-2018 Intel Guru Frank26 The Reinstatement is inevitable... Somewhere around the 30th...“All systems Go”. There's a different monetary policy? Who says? The Finanacial Management Law [FML]. There's a new math? Who says? The FML. There's a new rate? Who says? The FML. There is no delay. What is the Financial Management Law? It’s for the change in the national monetary policy and to raise the value of the Iraqi Dinar against other foreign currencies in order to control the auctions that have been a source of corruption for many others especially Maliki and his sources in Iran...IMO.
6-16-2019 Intel Guru MarkZ [I would like to hear about the dong too...] the dong will revue along with the rest of the first basket…nothing has changed.
6-16-2018 Intel Guru Frank26 The Reinstatement is inevitable... Somewhere around the 30th...“All systems Go”. There's a different monetary policy? Who says? The Finanacial Management Law [FML]. There's a new math? Who says? The FML. There's a new rate? Who says? The FML. There is no delay. What is the Financial Management Law? It’s for the change in the national monetary policy and to raise the value of the Iraqi Dinar against other foreign currencies in order to control the auctions that have been a source of corruption for many others especially Maliki and his sources in Iran...IMO.
6-16-2019 Intel Guru MarkZ [I would like to hear about the dong too...] the dong will revue along with the rest of the first basket…nothing has changed.
6-15-2019 Newshound Guru Breitling ...I don't see anything to worry about. In the worst case scenario they could still add value to their currency because it's so manipulated. It's almost a crime because...the people at the top are making money with the U.S. dollar. The people at the bottom are using the Iraqi dinar. Who has the power there? So you understand the power structure in Iraq. It's that simple. A lot of you would say, 'Why would someone change that? Why do we have their currency?' Because they have no intent to keep it like that. They've said it over and over again. In fact the Financial Management Bill is proof of all that...what they need to do is build a permanent structure so they can have full blown trade. The reason why the US is wealthy is because we've opened up all the trade routes on the planet...for Iraq to do that they need to add value to their currency. That is their ultimate goal. But it's tough doing. You just don't get into it...I have complete confidence.
6-15-2019 Intel Guru MarkZ [Will this exchange be subject to taxes?] I was told over and over again that our currency redemption will not be taxed. [Note: speak to your tax and financial professional at the appropriate time.]
6-15-2019 Newshound Guru Breitling ...the worst case scenario...we attack Iran and it spills a little bit over into Iraq. Iraq is the proxy between Iran and Saudi Arabia...The Iraqi dinar has been so manipulated and it's so far down that they could still add value to it. They could add 10 cents to it...20 cents to it and no one would blink. It would be a huge positive thing for the economy. It would be no threat at all...I don't see an apocalyptic threat to the Iraqi dinar in this situation. [Post 3 of 3]
6-15-2019 Newshound Guru Breitling ...It doesn't match with the production. So you have the production going up but the value of their currency going down? The value of oil is based on the U.S. dollar...so obviously it's manipulated. If 90% of your country's money that's coming in from trade is from oil and everyone is killing it in the energy markets then that is a manipulation...if you're attaching the value of the price per barrel to the dollar and supposedly the Iraqi dinar is pegged by the US dollar this tells you it's manipulated... [Post 2 of 3]
6-15-2019 Newshound Guru Breitling ...Obviously there's a lot of drama going on in the Gulf of Oman. People are concerned...How is this going to effect our investment...? The timing of the Iraqi dinar? The economy in general? ...if the Price Per Barrel goes up then Iraq is not going to be as motivated to add value to their currency. But the price keeps going down because of the United States. They [Iraq] are going to be forced to [add value to the currency]...Let's say the value of oil goes up...Iraq knows it's not going to be able to do that forever. So no matter what they are going to change the value of their currency. They have to...If you look at the value of their currency it doesn't match with the oil markets. [Post 1 of 3]
6-15 -2019 Guest Guru BobTheTaxMan ...Let's say you want to donate some dinar to a charitable organization. When you acquired the dinar doesn't matter to the IRS. They don't care. Because when you give the dinar to your 501-c3 charity and they go to exchange it the only thing that's going to matter is the value of the exchange and what you report on your schedule A. They don't care when you got it... [Note: speak to your tax and financial professional at the appropriate time.]
6-15-2019 Intel Guru MarkZ [Any truth to Iraq showing a rate of $1.20 now?] I have read that and heard that may be true in-country. I do not believe that is what we will be getting by any means...but, Follow the news in Iraq and you will see there is plenty to be excited about and show we are right on top of it.
6-15-2019 Intel Guru MarkZ [Will this exchange be subject to taxes?] I was told over and over again that our currency redemption will not be taxed. [Note: speak to your tax and financial professional at the appropriate time.]
6-15-2019 Newshound Guru Breitling ...the worst case scenario...we attack Iran and it spills a little bit over into Iraq. Iraq is the proxy between Iran and Saudi Arabia...The Iraqi dinar has been so manipulated and it's so far down that they could still add value to it. They could add 10 cents to it...20 cents to it and no one would blink. It would be a huge positive thing for the economy. It would be no threat at all...I don't see an apocalyptic threat to the Iraqi dinar in this situation. [Post 3 of 3]
6-15-2019 Newshound Guru Breitling ...It doesn't match with the production. So you have the production going up but the value of their currency going down? The value of oil is based on the U.S. dollar...so obviously it's manipulated. If 90% of your country's money that's coming in from trade is from oil and everyone is killing it in the energy markets then that is a manipulation...if you're attaching the value of the price per barrel to the dollar and supposedly the Iraqi dinar is pegged by the US dollar this tells you it's manipulated... [Post 2 of 3]
6-15-2019 Newshound Guru Breitling ...Obviously there's a lot of drama going on in the Gulf of Oman. People are concerned...How is this going to effect our investment...? The timing of the Iraqi dinar? The economy in general? ...if the Price Per Barrel goes up then Iraq is not going to be as motivated to add value to their currency. But the price keeps going down because of the United States. They [Iraq] are going to be forced to [add value to the currency]...Let's say the value of oil goes up...Iraq knows it's not going to be able to do that forever. So no matter what they are going to change the value of their currency. They have to...If you look at the value of their currency it doesn't match with the oil markets. [Post 1 of 3]
6-15 -2019 Guest Guru BobTheTaxMan ...Let's say you want to donate some dinar to a charitable organization. When you acquired the dinar doesn't matter to the IRS. They don't care. Because when you give the dinar to your 501-c3 charity and they go to exchange it the only thing that's going to matter is the value of the exchange and what you report on your schedule A. They don't care when you got it... [Note: speak to your tax and financial professional at the appropriate time.]
6-15-2019 Intel Guru MarkZ [Any truth to Iraq showing a rate of $1.20 now?] I have read that and heard that may be true in-country. I do not believe that is what we will be getting by any means...but, Follow the news in Iraq and you will see there is plenty to be excited about and show we are right on top of it.
6-14-20219 Newshound/Intel Guru Mnt Goat The other BIG news from Iraq is all about finally Mahdi being forced to submit some candidates for his unfilled cabinet positions. We know two of these positions are critical to the reconstruction efforts and may even be a sever damper on being able to obtain funding from investors for the reconstruction efforts. So some of the candidate names have already been forwarded to parliament and let’s see what they do with them. Mahdi still has until the end of June to fill these positions or be subject to a “No Confidence” vote. These next couple weeks are going to be interesting.
6-14-2019 Newshound Guru Adam Montana Well, we did it! We weathered another Ramadan, and Eid al fitr. I am going to state the obvious: Despite no RV announcement during the Big Holiday, this was a more eventful one than normal. All positive, too! ...Historically, many of the bigger milestones have happened around this time of year. Chapter 7 was lifted in late June, for example. A few others have also occurred right around now as well...I have reason to believe we are entering a unique week for the Iraqi dinar...
6-14-2019 Intel Guru MarkZ The news overnight has been very positive...very positive...My folks in redemption sites are being told to report for work bright and early Monday morning for a very busy week. From the treasury side of it- they believe the reset is on Sunday and it’s a “hard date” ...the real thing...the “go” date...we will see... ...I feel that late afternoon, early Sunday evening we may all finally cross the finish line... Folks in Reno are thinking Sunday for 800 numbers. And I am pretty excited about this weekend…especially Sunday. [Sunday is Fathers Day!] What a great day that will be if everything happens as we are expecting.
6-14-2019 Intel Guru Bruce ...Prior to that we had a holiday in China. Nothing happened over those 3 days, Friday, Saturday, Sunday last weekend. Now, this weekend looks to be a different scenario. We are getting very positive information that makes it look like we could be looking at a new different situation...tomorrow [Friday]. ..I got my catcher’s mitt on and ready to receive that fast pitch, that 95 mph fast ball, and kaboom, and just get that information out as soon as possible. I am ready to go. ...I think it is time. I believe it is that close. [post 2 of 2]
6-14-2019 Intel Guru Bruce [via PinkRoses] ...we have some information...showing really definitively really that today [Thursday] was going to be our day for a start. ...Now the other things that were happening...that were giving us reason to believe we were exactly right there was the fact that the AIIB as a partner, let’s call it, with the World Bank, partnering with the World Bank was signed off lasts night [Wednesday]. ...Now in Europe last Monday was a Bank Holiday because the European Banks were becoming Basel 4 compliant. That is part of the reason nothing happened last Monday. [post 1 of 2....stay tuned
6-14-2019 Newshound/Intel Guru Mnt Goat ...The CBI already told us they will NEVER put the (program rate) (currency auctions) on a float while it is on the de-facto peg with the US dollar. So, the only other conclusion we can make is they intend to reinstate the dinar and put it back on a float as all currencies are when they are on FOREX... ...the...articles tell...us they intended to raise the value of the dinar and get it to compete with the international currencies by the end of the current legislative term?... I can hardly keep from jumping up and down…lol...June is almost half over already. So we have about 2 more weeks of expectations and excitement. [post 2 of 2]
6-14-2019 Newshound/Intel Guru Mnt Goat I have some fantastic news for you about the reinstatement. ...I told everyone I was working on getting a legitimate new timeframe for the RV. ...So, now we have a new timeframe and it is very close at hand. What do we know...: We know that Mahdi has until the end of June to “complete” his cabinet. ...it appears the end of June is the end of the current legislative term. Why is this important? If all of this information is correct, we should be expecting something of a reinstatement and the completion of the “project to delete the zeros” by the end of June. [post 1 of 2....stay tuned]
6-14-2019 Newshound Guru Adam Montana Well, we did it! We weathered another Ramadan, and Eid al fitr. I am going to state the obvious: Despite no RV announcement during the Big Holiday, this was a more eventful one than normal. All positive, too! ...Historically, many of the bigger milestones have happened around this time of year. Chapter 7 was lifted in late June, for example. A few others have also occurred right around now as well...I have reason to believe we are entering a unique week for the Iraqi dinar...
6-14-2019 Intel Guru MarkZ The news overnight has been very positive...very positive...My folks in redemption sites are being told to report for work bright and early Monday morning for a very busy week. From the treasury side of it- they believe the reset is on Sunday and it’s a “hard date” ...the real thing...the “go” date...we will see... ...I feel that late afternoon, early Sunday evening we may all finally cross the finish line... Folks in Reno are thinking Sunday for 800 numbers. And I am pretty excited about this weekend…especially Sunday. [Sunday is Fathers Day!] What a great day that will be if everything happens as we are expecting.
6-14-2019 Intel Guru Bruce ...Prior to that we had a holiday in China. Nothing happened over those 3 days, Friday, Saturday, Sunday last weekend. Now, this weekend looks to be a different scenario. We are getting very positive information that makes it look like we could be looking at a new different situation...tomorrow [Friday]. ..I got my catcher’s mitt on and ready to receive that fast pitch, that 95 mph fast ball, and kaboom, and just get that information out as soon as possible. I am ready to go. ...I think it is time. I believe it is that close. [post 2 of 2]
6-14-2019 Intel Guru Bruce [via PinkRoses] ...we have some information...showing really definitively really that today [Thursday] was going to be our day for a start. ...Now the other things that were happening...that were giving us reason to believe we were exactly right there was the fact that the AIIB as a partner, let’s call it, with the World Bank, partnering with the World Bank was signed off lasts night [Wednesday]. ...Now in Europe last Monday was a Bank Holiday because the European Banks were becoming Basel 4 compliant. That is part of the reason nothing happened last Monday. [post 1 of 2....stay tuned
6-14-2019 Newshound/Intel Guru Mnt Goat ...The CBI already told us they will NEVER put the (program rate) (currency auctions) on a float while it is on the de-facto peg with the US dollar. So, the only other conclusion we can make is they intend to reinstate the dinar and put it back on a float as all currencies are when they are on FOREX... ...the...articles tell...us they intended to raise the value of the dinar and get it to compete with the international currencies by the end of the current legislative term?... I can hardly keep from jumping up and down…lol...June is almost half over already. So we have about 2 more weeks of expectations and excitement. [post 2 of 2]
6-14-2019 Newshound/Intel Guru Mnt Goat I have some fantastic news for you about the reinstatement. ...I told everyone I was working on getting a legitimate new timeframe for the RV. ...So, now we have a new timeframe and it is very close at hand. What do we know...: We know that Mahdi has until the end of June to “complete” his cabinet. ...it appears the end of June is the end of the current legislative term. Why is this important? If all of this information is correct, we should be expecting something of a reinstatement and the completion of the “project to delete the zeros” by the end of June. [post 1 of 2....stay tuned]
6-13-2019 Intel/Newshound Guru sandyf holiday inn is actually accepting other currencies for motel room payment. This idea is incorrect and obviously causing some confusion. Online payments are invariably done by a payment processor and they determine currency requirement, not the company concerned...It should also be borne in mind that in order to make the payment you would need a card funded in the currency selected. If Iraqi banks issue cards in IQD it would be up to the processor if such cards were accepted, nothing to do with Article 8, although wider use of the currency is a move in the right direction.
6-13-2019 Intel Guru Delta Article: "Deputy Prime Minister for Economic Affairs and Minister of Finance chairs the first meeting of the preparation of the State Budget Strategy 2020-2022" Quote: "On the other hand, the exchange rate policy and the monetary policy strategy of the Central Bank were discussed" MORE CONFIRMATION THAT THE COMING 2020 BUDGET WILL BE IN NEW RATE...
6-13-2019 Intel Guru MarkZ The news is not all bad… In Iraq...CBI has been very active this week posting many good articles…Its 100% been the US Treasury stalling our release is what I am told. I guess they thought if they kept stalling it...the US would maintain its control over the world banks. [Is it true that the US Treasury owns 55 Billion in dinar?] I have heard that exact same figure. [Is today “value day”] I do not know…wish I did…Could it happen today? Yes it could…we just don’t know.
6-13-2019 Guest Guru BobTheTaxMan So when you go do something with your dinar you need to remember it is not a registered commodity. But it also does not fall into the IRS 1256 code. It doesn't fit...When you go into the bank or anyplace to exchange your dinar...when you bought it doesn't make any difference...Remember you're reporting this to the IRS as ordinary income. All you have to have is the value when you bought it and the value when you exchanged it. Because it doesn't qualify for 1256. It doesn't qualify as a capital gain. [Post 2 of 2 Note: speak to your tax and financial professional at the appropriate time.]
6-13-2019 Guest Guru BobTheTaxMan I've had several people come to me and they're always saying, 'what about this...way to convert this in a way of being able to do it as capital gains...' I hear this all the time. In the world of the IRS everyone thinks it's a set hardcore thing. But it's really quite subjective... there's all kinds of nuances when it comes to the IRS code so you're gonna want a professional assisting you who has experience in this particular domain. [Post 1 of 2 Note: speak to your tax and financial professional at the appropriate time.]
6-13-2019 Newshound Guru MilitiaMan Article quote: "This bank will settle the cards abroad by selling them dollars at a price. Aqh sell the currency, the dollar against the sale of citizens at the price of 1.200 dinars through purchases of cards." If I read this correctly they look as though they are telling the citizens and others they will be effectively 1:1.20 soon...IMO, they are trying to tell us they will be at 1.200 to the USD not 1,200. Then by applying the new international calculation to that and we are back to the glory days...imo... [post 2 of 2]
6-13-2019 Newshound Guru MilitiaMan ...they are clearly doing as they told us they would and even on time or early. The CBI told us on the 10th they would have an intensive media campaign. They sure are from the looks of it. There are now out today about 11 articles that support they are doing what they said they were going to do, in that regard to intensive media campaign. They...say that they are partnering up with banks, money exchanges, airports, hotels, etc... To get them up in running with the new Master and Visa Cards for external expenses to get paid. They are doing the media blitz to make sure everyone knows that all there is left to do is let their new external exchange rate get applied to those cards. imo... That is where the CBI will need to be timely ahead of the Gazette, imo. That time clock imo is about to sound some alarms... [post 1 of 2....stay tuned]
6-13-2019 Newshound Guru Bloodloch "Preparation for the conference to launch electronic travel cards" What an awesome article, G-Lin...This could be the international revaluation we've been waiting for. [reference Guru G-Lin post 6-12-19]
6-13-2019 Intel Guru Delta Article: "Deputy Prime Minister for Economic Affairs and Minister of Finance chairs the first meeting of the preparation of the State Budget Strategy 2020-2022" Quote: "On the other hand, the exchange rate policy and the monetary policy strategy of the Central Bank were discussed" MORE CONFIRMATION THAT THE COMING 2020 BUDGET WILL BE IN NEW RATE...
6-13-2019 Intel Guru MarkZ The news is not all bad… In Iraq...CBI has been very active this week posting many good articles…Its 100% been the US Treasury stalling our release is what I am told. I guess they thought if they kept stalling it...the US would maintain its control over the world banks. [Is it true that the US Treasury owns 55 Billion in dinar?] I have heard that exact same figure. [Is today “value day”] I do not know…wish I did…Could it happen today? Yes it could…we just don’t know.
6-13-2019 Guest Guru BobTheTaxMan So when you go do something with your dinar you need to remember it is not a registered commodity. But it also does not fall into the IRS 1256 code. It doesn't fit...When you go into the bank or anyplace to exchange your dinar...when you bought it doesn't make any difference...Remember you're reporting this to the IRS as ordinary income. All you have to have is the value when you bought it and the value when you exchanged it. Because it doesn't qualify for 1256. It doesn't qualify as a capital gain. [Post 2 of 2 Note: speak to your tax and financial professional at the appropriate time.]
6-13-2019 Guest Guru BobTheTaxMan I've had several people come to me and they're always saying, 'what about this...way to convert this in a way of being able to do it as capital gains...' I hear this all the time. In the world of the IRS everyone thinks it's a set hardcore thing. But it's really quite subjective... there's all kinds of nuances when it comes to the IRS code so you're gonna want a professional assisting you who has experience in this particular domain. [Post 1 of 2 Note: speak to your tax and financial professional at the appropriate time.]
6-13-2019 Newshound Guru MilitiaMan Article quote: "This bank will settle the cards abroad by selling them dollars at a price. Aqh sell the currency, the dollar against the sale of citizens at the price of 1.200 dinars through purchases of cards." If I read this correctly they look as though they are telling the citizens and others they will be effectively 1:1.20 soon...IMO, they are trying to tell us they will be at 1.200 to the USD not 1,200. Then by applying the new international calculation to that and we are back to the glory days...imo... [post 2 of 2]
6-13-2019 Newshound Guru MilitiaMan ...they are clearly doing as they told us they would and even on time or early. The CBI told us on the 10th they would have an intensive media campaign. They sure are from the looks of it. There are now out today about 11 articles that support they are doing what they said they were going to do, in that regard to intensive media campaign. They...say that they are partnering up with banks, money exchanges, airports, hotels, etc... To get them up in running with the new Master and Visa Cards for external expenses to get paid. They are doing the media blitz to make sure everyone knows that all there is left to do is let their new external exchange rate get applied to those cards. imo... That is where the CBI will need to be timely ahead of the Gazette, imo. That time clock imo is about to sound some alarms... [post 1 of 2....stay tuned]
6-13-2019 Newshound Guru Bloodloch "Preparation for the conference to launch electronic travel cards" What an awesome article, G-Lin...This could be the international revaluation we've been waiting for. [reference Guru G-Lin post 6-12-19]
6-12-2019 Newshound Guru MilitiaMan Well, since the FML has been law now for a couple of days imo, they issued instructions (mechanisms) for the MC and Visa Cards and even apparently passed internal regulations for 2019 and to help large contractors who build things and need to import and or export goods and service, just as they are allowing the Citizens to use cards outside the country...More evidence of article 8 so it seems. Now the CBI needs to talk to the citizens about a rate, imo... Once they do that in regard to the rate, the laundry list of things can get done. ITB, Contracts, re construction, payments, settlements, etc., etc. [post 2 of 2]
6-12-2019 Newshound Guru MilitiaMan Articles: "Including the creation of the Notary Public Department in the area of Baasheqa Nineveh province"; "Development of internal trade"; "Parliamentary Finance: The budget of 2020 is completely different from all budgets since 2003" IMO, in the above may get one thinking about just how far along they are now. Keep in mind they don't mention 2019 Budget. Why? Well that would expose the rate. [post 1 of 2....stay tuned]
6-12-2019 Intel Guru MarkZ There is no bad news. It has been exceptionally quiet...they have done a good job on tightening down on information. There is a lot of smoke and misinformation flying today and I take that as a good sign. [Is it quiet because we are close] I believe that is true. I do still think we are right on top of it. In Europe the exchanges got pushed back until Thursday. [rumor has it that banks were in 8 hour long meetings about this...any news?] I heard that...many big meetings worldwide…It absolutely needs to be done now..imo. [ Are 800 numbers for exchanges real?] I know contacts at redemption centers and banks who tell me they are absolutely real.
6-12-2019 Newshound Guru G-Lin Article: "Preparation for the conference to launch electronic travel cards " Article quote: "The establishment of the Conference of the launch of electronic travel cards issuance of electronic cards for Iraqi citizens to motivate them to use these cards during the payment period expenses (purchases - hotels - ... Buy the dollar at 1,200 dinars. ...This bank will settle the cards abroad by selling them dollars at a price. Aqh sell the currency, the dollar against the sale of citizens at the price of 1.200 dinars through purchases of cards." This sounds like the price in country will be 1,200 dinars per dollar. And abroad it will be 1.200 dinars per dollar. I'm not sure if it is a typo or they are telling us the rate. wow...This is the CBI site btw... I think this is pretty much what a rv will look like. Very little change in country and only us abroad will feel it. It sounds like this conference coming up next month will be a huge educational tool for the peeps.
6-12-2019 Intel Guru MarkZ [Is chase a good bank to exchange at?] I believe Chase and many other banks are waiting for you all….you will have many choices to exchange at.
6-12-2019 Intel Guru Bruce I think taking us from a dual platform to a single platform Forex with the exotic currencies that we know about coming to the main page if you will of the Forex. That is a big deal, a big thing. I think we are obviously closer everyday this thing goes by... This RV...is a moving target and it does move...we are looking very positively toward having this complete. It is just that it is hard to pin it down to an actual tie [time ?] release of the toll-free number... It could be something that occurs overnight. It could be something that occurs tomorrow [Wednesday]. ...We are looking good for anytime now. We are hearing some things about tomorrow [Wednesday] late morning. Let’s see what happens with that. [post 2 of 2]
6-12-2019 Intel Guru Bruce [via PinkRoses] I think this protocol working so closely today with the World Bank and also with Steven Mnuchin and President Trump all of this was to put this revaluation in motion sometime this evening or tonight [Tuesday]. ...There is one thing we got today which was very strong from one of our Forex people. That was we expect the Forex to come up from a dual platform to a single platform in single page tonight [Tuesday]...This would also include new rates coming up on the screens and locked in rates. It was sort of a trifecta event was to occur with the Forex. Now, could that have been a kicked off point or trigger point? I think it is... [post 1 of 2....stay tuned]
6-12-2019 Newshound Guru MilitiaMan Articles: "Including the creation of the Notary Public Department in the area of Baasheqa Nineveh province"; "Development of internal trade"; "Parliamentary Finance: The budget of 2020 is completely different from all budgets since 2003" IMO, in the above may get one thinking about just how far along they are now. Keep in mind they don't mention 2019 Budget. Why? Well that would expose the rate. [post 1 of 2....stay tuned]
6-12-2019 Intel Guru MarkZ There is no bad news. It has been exceptionally quiet...they have done a good job on tightening down on information. There is a lot of smoke and misinformation flying today and I take that as a good sign. [Is it quiet because we are close] I believe that is true. I do still think we are right on top of it. In Europe the exchanges got pushed back until Thursday. [rumor has it that banks were in 8 hour long meetings about this...any news?] I heard that...many big meetings worldwide…It absolutely needs to be done now..imo. [ Are 800 numbers for exchanges real?] I know contacts at redemption centers and banks who tell me they are absolutely real.
6-12-2019 Newshound Guru G-Lin Article: "Preparation for the conference to launch electronic travel cards " Article quote: "The establishment of the Conference of the launch of electronic travel cards issuance of electronic cards for Iraqi citizens to motivate them to use these cards during the payment period expenses (purchases - hotels - ... Buy the dollar at 1,200 dinars. ...This bank will settle the cards abroad by selling them dollars at a price. Aqh sell the currency, the dollar against the sale of citizens at the price of 1.200 dinars through purchases of cards." This sounds like the price in country will be 1,200 dinars per dollar. And abroad it will be 1.200 dinars per dollar. I'm not sure if it is a typo or they are telling us the rate. wow...This is the CBI site btw... I think this is pretty much what a rv will look like. Very little change in country and only us abroad will feel it. It sounds like this conference coming up next month will be a huge educational tool for the peeps.
6-12-2019 Intel Guru MarkZ [Is chase a good bank to exchange at?] I believe Chase and many other banks are waiting for you all….you will have many choices to exchange at.
6-12-2019 Intel Guru Bruce I think taking us from a dual platform to a single platform Forex with the exotic currencies that we know about coming to the main page if you will of the Forex. That is a big deal, a big thing. I think we are obviously closer everyday this thing goes by... This RV...is a moving target and it does move...we are looking very positively toward having this complete. It is just that it is hard to pin it down to an actual tie [time ?] release of the toll-free number... It could be something that occurs overnight. It could be something that occurs tomorrow [Wednesday]. ...We are looking good for anytime now. We are hearing some things about tomorrow [Wednesday] late morning. Let’s see what happens with that. [post 2 of 2]
6-12-2019 Intel Guru Bruce [via PinkRoses] I think this protocol working so closely today with the World Bank and also with Steven Mnuchin and President Trump all of this was to put this revaluation in motion sometime this evening or tonight [Tuesday]. ...There is one thing we got today which was very strong from one of our Forex people. That was we expect the Forex to come up from a dual platform to a single platform in single page tonight [Tuesday]...This would also include new rates coming up on the screens and locked in rates. It was sort of a trifecta event was to occur with the Forex. Now, could that have been a kicked off point or trigger point? I think it is... [post 1 of 2....stay tuned]
6-11-2019 Newshound/Intel Guru Mnt Goat ...in the news we see cooperation between Iran and Iraq. This is all good as long as Iran stays out of the internal affairs and politics of Iraq. Also we know that Iraq must become independent on gasoline production and electricity. There is long term plans underway for Iraq to provide both
6-11-2019 Intel Guru MarkZ I know a few whales that were told they will have full access today. [What are the odds on seeing 800 numbers today.] I think they are pretty good. I totally beleive we are past the point of no return right now. [Do you think they are pushing this out past June?] No I do not...I think its crunch time… [post 2 of 2]
6-11-2019 Intel Guru MarkZ [via PDK] From our Chinese contacts...The expectation is today is “value day”. Could be another day sitting on the edge of our seats. Waiting to hear from Europe... there were a number of contacts with appointments today... Reno is very quiet...but everything is staged, ready and done...waiting for the Treasury to say “go”. I will get a “heads up” from contacts there when the Treasury says ”go” and will be able to tell you all. [post 1 of 2....stay tuned]
6-11-2019 Guest Guru BobTheTaxMan ...a lot of people have come up and said, 'well I've been told the dinar will be treated as capital gains.' In [IRS Code] 1256 you have to identify yourself as being a trader and you have to be actively trading. Which means you have a period of time that you've identified that you're going to hold it and you're going to sell it. We're not doing that. We've all bought dinar. We're hanging on to that dinar...And it's not going to qualify for 1256 because we don't have a contract date for when we're going to exchange it. Simply not going to happen. 1256 is great if you're actually going to do the forex world...have a conversation with your tax professional...[NOTE: BobTheTaxMan thinks it's wise to claim the dinar exchange as ordinary income. Speak to your tax and financial professional at the appropriate time.]
6-11-2019 Newshound/Intel Guru Mnt Goat Article quote: "A parliamentary source confirmed on Saturday that Prime Minister Adel Abdul Mahdi WILL SEND THE NAMES OF CANDIDATES FOR VACANT MINISTRIES TO THE HOUSE OF REPRESENTATIVES NEXT WEEK." (which is this week) The news channels in Iraq are mostly filled with news of completing the Mahdi government on time. This is going to come to a conclusion one way or the other. Mahdi was hoping that the political blocks could come to an agreement of candidates but this is now not the case. So, Mahdi has the power to submit his own list of names and let parliament move forward with the vote to ratify them.
6-11-2019 Intel Guru MarkZ [Did you see the hyatt and holiday Inn is excepting IQD as payment now?] All kinds of companies are now accepting many foreign currencies...this is a really good sign everyone.
6-11-2019 Intel Guru MarkZ I know a few whales that were told they will have full access today. [What are the odds on seeing 800 numbers today.] I think they are pretty good. I totally beleive we are past the point of no return right now. [Do you think they are pushing this out past June?] No I do not...I think its crunch time… [post 2 of 2]
6-11-2019 Intel Guru MarkZ [via PDK] From our Chinese contacts...The expectation is today is “value day”. Could be another day sitting on the edge of our seats. Waiting to hear from Europe... there were a number of contacts with appointments today... Reno is very quiet...but everything is staged, ready and done...waiting for the Treasury to say “go”. I will get a “heads up” from contacts there when the Treasury says ”go” and will be able to tell you all. [post 1 of 2....stay tuned]
6-11-2019 Guest Guru BobTheTaxMan ...a lot of people have come up and said, 'well I've been told the dinar will be treated as capital gains.' In [IRS Code] 1256 you have to identify yourself as being a trader and you have to be actively trading. Which means you have a period of time that you've identified that you're going to hold it and you're going to sell it. We're not doing that. We've all bought dinar. We're hanging on to that dinar...And it's not going to qualify for 1256 because we don't have a contract date for when we're going to exchange it. Simply not going to happen. 1256 is great if you're actually going to do the forex world...have a conversation with your tax professional...[NOTE: BobTheTaxMan thinks it's wise to claim the dinar exchange as ordinary income. Speak to your tax and financial professional at the appropriate time.]
6-11-2019 Newshound/Intel Guru Mnt Goat Article quote: "A parliamentary source confirmed on Saturday that Prime Minister Adel Abdul Mahdi WILL SEND THE NAMES OF CANDIDATES FOR VACANT MINISTRIES TO THE HOUSE OF REPRESENTATIVES NEXT WEEK." (which is this week) The news channels in Iraq are mostly filled with news of completing the Mahdi government on time. This is going to come to a conclusion one way or the other. Mahdi was hoping that the political blocks could come to an agreement of candidates but this is now not the case. So, Mahdi has the power to submit his own list of names and let parliament move forward with the vote to ratify them.
6-11-2019 Intel Guru MarkZ [Did you see the hyatt and holiday Inn is excepting IQD as payment now?] All kinds of companies are now accepting many foreign currencies...this is a really good sign everyone.
6-10-2019 Intel Guru MarkZ [What do you think the dong will revalue at?] My personal belief is it will rv at the lox [low ?] $2 range.
6-10-2019 Intel Guru MarkZ I do believe this will be our week...On European side they expect to start redeeming tomorrow...even my Interpol contact expects tomorrow...Treasury contacts think that today may be the day. A number of whales have exchange apts this afternoon... [Are the call center folks there today?] Yes they are – at least the ones I know personally reported there early this morning. [Do you still believe we are past the point of no return?] I most definitely believe we are past the point of no return. [Would you agree that this weekend was the calm before the storm?] Yes I do...I really believe that next week this will all be behind us...when its all ready and safe they will do it...Expecting a lot of breaking news this afternoon.
6-10-2019 Newshound Guru chattels Article quote: "The House of Representatives is waiting frankly and revealed by Prime Minister Adel Abdul Mahdi on the completion of the cabinet cab and the end of the proxy." I do not believe that Maliki or Abadi had a completed cabinet during their governments. The administration by proxy has been a common thread. Nothing new under the sun, but when a ministry fails and the Prime Minister heads it by proxy there is no one else to blame. Iraqi politicians are all about finding fault and a scapegoat when they should look no further than themselves collectively.
6-10-2019 Intel Guru MarkZ I do believe this will be our week...On European side they expect to start redeeming tomorrow...even my Interpol contact expects tomorrow...Treasury contacts think that today may be the day. A number of whales have exchange apts this afternoon... [Are the call center folks there today?] Yes they are – at least the ones I know personally reported there early this morning. [Do you still believe we are past the point of no return?] I most definitely believe we are past the point of no return. [Would you agree that this weekend was the calm before the storm?] Yes I do...I really believe that next week this will all be behind us...when its all ready and safe they will do it...Expecting a lot of breaking news this afternoon.
6-10-2019 Newshound Guru chattels Article quote: "The House of Representatives is waiting frankly and revealed by Prime Minister Adel Abdul Mahdi on the completion of the cabinet cab and the end of the proxy." I do not believe that Maliki or Abadi had a completed cabinet during their governments. The administration by proxy has been a common thread. Nothing new under the sun, but when a ministry fails and the Prime Minister heads it by proxy there is no one else to blame. Iraqi politicians are all about finding fault and a scapegoat when they should look no further than themselves collectively.
6-9-2019 Intel Guru MarkZ The weekend has been going exactly as I expected! Very positive!
6-9-2019 Newshound Guru chattels Article quote: "The political, economic, and social environment in the area has not changed, ..." The insecurity and instability caused by continuing armed internal conflicts in Iraq are compounded by political stagnation. I fear that we have a long way to go before there is any substantial appreciation in the value of the dinar. I am invested, but not infatuated. Hopeful, but not optimistic. Bowed, but not beaten.
6-9-2019 Newshound Guru chattels Article quote: "The political, economic, and social environment in the area has not changed, ..." The insecurity and instability caused by continuing armed internal conflicts in Iraq are compounded by political stagnation. I fear that we have a long way to go before there is any substantial appreciation in the value of the dinar. I am invested, but not infatuated. Hopeful, but not optimistic. Bowed, but not beaten.
6-8-2019 Newshound Guru Kaperoni [can anybody provide some insight as to what is going on with this investment? Why are they not moving forward?] It's Eid al-Fitr which is a holiday..so nothing is happening right now.
6-8-2019 Newshound/Intel Guru David M. Witty Iraqi political sources say there are moves by some blocs to replace current PM Abdel-Mahdi with former PM Abadi. Some are irritated at Abdel-Mahdi's slowness in implementing his planned program & inability to fill all cabinet positions.
6-8-2019 Newshound Guru Breitling People are asking why has a floodgate opened in Iraq and all the articles coming that's good news? A lot of people are asking "is it because they're anticipating the oil prices"...Something else has happened...Iraq has made a decision...Iraq has pivoted towards us [United States and the west] and it's strictly financial and a numbers game and it's the way it should be.
6-8-2019 Newshound/Intel Guru Mnt Goat ...just recently they lifted the barriers in the Green Zone and it is not fully opened to the public. Does this mean security is pretty good? Yes, I would say this is a good indication...
6-8-2019 Intel Guru RayRen98 Thursday Update...We have to update the update. [Reference RayRen98 post 6-6-2019]: IRAQI TV IS BROADCASTING PRIME MINISTER MAHDI RESIGNS HIS POSITION STATING THAT HE COULD NOT COMPLETE HIS CABINET DUE TO POLITICAL DIFFERENCES. An hour or so later, Mahdi said he didn’t say that. Today he is on TV saying he has the names of the ministers and will submit them. He didn’t say when. So, what is really going on?
6-8-2019 Newshound/Intel Guru David M. Witty Iraqi political sources say there are moves by some blocs to replace current PM Abdel-Mahdi with former PM Abadi. Some are irritated at Abdel-Mahdi's slowness in implementing his planned program & inability to fill all cabinet positions.
6-8-2019 Newshound Guru Breitling People are asking why has a floodgate opened in Iraq and all the articles coming that's good news? A lot of people are asking "is it because they're anticipating the oil prices"...Something else has happened...Iraq has made a decision...Iraq has pivoted towards us [United States and the west] and it's strictly financial and a numbers game and it's the way it should be.
6-8-2019 Newshound/Intel Guru Mnt Goat ...just recently they lifted the barriers in the Green Zone and it is not fully opened to the public. Does this mean security is pretty good? Yes, I would say this is a good indication...
6-8-2019 Intel Guru RayRen98 Thursday Update...We have to update the update. [Reference RayRen98 post 6-6-2019]: IRAQI TV IS BROADCASTING PRIME MINISTER MAHDI RESIGNS HIS POSITION STATING THAT HE COULD NOT COMPLETE HIS CABINET DUE TO POLITICAL DIFFERENCES. An hour or so later, Mahdi said he didn’t say that. Today he is on TV saying he has the names of the ministers and will submit them. He didn’t say when. So, what is really going on?
6-7-2019 Intel Guru MarkZ [Is this whole RV this a big scam?] I have seen so much paperwork and the gold treaty…I know too many people involved in this at high levels and I know for a fact a lot has been done to bring this to fruition...that no way do I think this is a scam. It is just a “when” not an “if”.
6-7-2019 Intel Guru Eagleone2025 THE JUNE 6- JUNE 9 IS THE SEASON. SUNDAY IS JUNE 9…FIRST THE WAR THEN THE VICTORY...THEN THE JUBILEE. THE JUBILEE IS WHEN U ARE IN THE BANK. I SEE THIS AS A TIME TO GET READY.
6-7-2019 Newshound Guru larrykn I always thought if the PM can't get things moving they would replace him but yet he is still there...this is why I say we are sitting here for awhile.
6-7-2019 Intel Guru MarkZ ...imo all the past intel was not wrong...its just been building on each other... just more pieces to the big puzzle...I firmly believe we are past the point of no return. [Mark do you think we will be exchanging in June?] I think that we will be in the banks on june 11th. Many people think I am wrong about we won’t be in the banks until next week…many still think based on who they talk to, that it will be sooner...and we will see the 800 numbers today or this weekend. I hope they are right and I am wrong...
6-7-2019 Intel Guru Bruce ...We know that there is information suggesting we are just about ready for everything to go...The President wants everything to be right as this is released, but as far as we know from our top banking sources today and I mean top, that there doesn’t appear to be anything else that needs to be done. I heard information that suggests we could be in really good shape before lunch time tomorrow [Friday]. So, we will see. We understand right now everything is available to begin. It is all coming together. ...I would not be surprised by lunchtime tomorrow [Friday] we have what it is what we are looking for. [post 2 of 2]
6-7-2019 Intel Guru Bruce [via PinkRoses] We had some information that looked like we were going to go yesterday [Wednesday] evening actually...the release of the toll-free number. I would also given another time in the night last night and that did not occur. We understand there are some specific release codes that were to be entered before the toll-free numbers are to be released. My understanding is that those release codes have been entered. Forex is coming up tonight [Thursday] at around 11 pm EST. It is a major deal with new currencies and new rates showing up on the screens. [post 1 of 2....stay tuned]
6-7-2019 Newshound/Intel Guru Mnt Goat Article: "ADOPTION OF THE FINANCIAL MANAGEMENT LAW HAS BECOME A CONTROL TOOL ON THE PUBLIC BUDGET" Quote: "the budget 2020 will be a control budget enhanced the final accounts from 2012 to 2018." WOW...can it get any clearer with telling us they plan to reinstate their currency by 2020 without telling us? Note the 2012 – 2018 talk of the 2020 budget being a “control budget enhanced for final accounts from 2012 to 2018. The question still is when? But we see progress as they are issuing the small category notes slowly.
6-7-2019 Intel Guru Eagleone2025 THE JUNE 6- JUNE 9 IS THE SEASON. SUNDAY IS JUNE 9…FIRST THE WAR THEN THE VICTORY...THEN THE JUBILEE. THE JUBILEE IS WHEN U ARE IN THE BANK. I SEE THIS AS A TIME TO GET READY.
6-7-2019 Newshound Guru larrykn I always thought if the PM can't get things moving they would replace him but yet he is still there...this is why I say we are sitting here for awhile.
6-7-2019 Intel Guru MarkZ ...imo all the past intel was not wrong...its just been building on each other... just more pieces to the big puzzle...I firmly believe we are past the point of no return. [Mark do you think we will be exchanging in June?] I think that we will be in the banks on june 11th. Many people think I am wrong about we won’t be in the banks until next week…many still think based on who they talk to, that it will be sooner...and we will see the 800 numbers today or this weekend. I hope they are right and I am wrong...
6-7-2019 Intel Guru Bruce ...We know that there is information suggesting we are just about ready for everything to go...The President wants everything to be right as this is released, but as far as we know from our top banking sources today and I mean top, that there doesn’t appear to be anything else that needs to be done. I heard information that suggests we could be in really good shape before lunch time tomorrow [Friday]. So, we will see. We understand right now everything is available to begin. It is all coming together. ...I would not be surprised by lunchtime tomorrow [Friday] we have what it is what we are looking for. [post 2 of 2]
6-7-2019 Intel Guru Bruce [via PinkRoses] We had some information that looked like we were going to go yesterday [Wednesday] evening actually...the release of the toll-free number. I would also given another time in the night last night and that did not occur. We understand there are some specific release codes that were to be entered before the toll-free numbers are to be released. My understanding is that those release codes have been entered. Forex is coming up tonight [Thursday] at around 11 pm EST. It is a major deal with new currencies and new rates showing up on the screens. [post 1 of 2....stay tuned]
6-7-2019 Newshound/Intel Guru Mnt Goat Article: "ADOPTION OF THE FINANCIAL MANAGEMENT LAW HAS BECOME A CONTROL TOOL ON THE PUBLIC BUDGET" Quote: "the budget 2020 will be a control budget enhanced the final accounts from 2012 to 2018." WOW...can it get any clearer with telling us they plan to reinstate their currency by 2020 without telling us? Note the 2012 – 2018 talk of the 2020 budget being a “control budget enhanced for final accounts from 2012 to 2018. The question still is when? But we see progress as they are issuing the small category notes slowly.
6-6-2019 Intel Guru MarkZ It has been a great news day. Very upbeat!
6-6-2019 Newshound/Intel Guru Mnt Goat The news today is all very good. Iraq seems to be moving ahead in all fronts. They are now re-building their electric grid. The US under mobile is coming in to build refineries. Trump has beefed up military support to help prevent an ISIS re-insurgence. Mahdi has said he has candidates for his cabinet and they will be voted on very soon. He does plan to complete his cabinet by the end of June after the holiday (holy day). Meanwhile the Eid al-Fitr holiday continues in Iraq. The ‘Financial Management Law” is passed and...Like the financial committee has told us this is the law the CBI needs to go ahead with the project to delete the zeros and reform the currency (which includes reinstating it back to the currency exchanges so it can openly trade once again). We still wait and watch.
6-6-2019 Intel Guru RayRen98 IRAQI TV IS BROADCASTING PRIME MINISTER MAHDI RESIGNS HIS POSITION STATING THAT HE COULD NOT COMPLETE HIS CABINET DUE TO POLITICAL DIFFERENCES.
6-6-2019 Intel Guru EagleOne2025 [via PDK] ...WE WAIT AND SEE. HOPE AND PRAY FOR THE RELEASE. IT IS A PROCESS. THE TOP PEOPLE ARE IN CHARGE. THERE WAS ALOT OF MOVEMENT AT HIGH LEVELS. I HAVE NOT CONFIRM YET BUT THERE WAS A SECURITY ISSUE. WE ARE STILL MOVING ALONG. WE ARE STILL IN A GOOD WINDOW. ...EVERYTHING IS READY AND HIGH ALERT...ALL WE NEED TO DO IS GET TO BANK...
6-6-2019 Intel Guru MarkZ [via PDK] I personally think this is the quiet before the storm…or maybe we are in the eye of the storm…Our homeland security contacts were positive we were going to see it yesterday...No idea what the delay was yesterday…There is high expectations for today still from everyone I have talked to. Some banking contacts have told me that screens are acting crazy today on the currency side of it...rates flashing on and off…I have not seen any of this myself. So this is second hand rumors…maybe a good sign...we really hope for big news today.
6-6-2019 Intel Guru RayRen98 IT'S DONE...IT'S FINISHED...THE RV IS ON ITS' WAY...NO MORE TALKIN'-NO MORE TESTIN'...BRING IT ON ALREADY!
6-6-2019 Newshound/Intel Guru Mnt Goat The news today is all very good. Iraq seems to be moving ahead in all fronts. They are now re-building their electric grid. The US under mobile is coming in to build refineries. Trump has beefed up military support to help prevent an ISIS re-insurgence. Mahdi has said he has candidates for his cabinet and they will be voted on very soon. He does plan to complete his cabinet by the end of June after the holiday (holy day). Meanwhile the Eid al-Fitr holiday continues in Iraq. The ‘Financial Management Law” is passed and...Like the financial committee has told us this is the law the CBI needs to go ahead with the project to delete the zeros and reform the currency (which includes reinstating it back to the currency exchanges so it can openly trade once again). We still wait and watch.
6-6-2019 Intel Guru RayRen98 IRAQI TV IS BROADCASTING PRIME MINISTER MAHDI RESIGNS HIS POSITION STATING THAT HE COULD NOT COMPLETE HIS CABINET DUE TO POLITICAL DIFFERENCES.
6-6-2019 Intel Guru EagleOne2025 [via PDK] ...WE WAIT AND SEE. HOPE AND PRAY FOR THE RELEASE. IT IS A PROCESS. THE TOP PEOPLE ARE IN CHARGE. THERE WAS ALOT OF MOVEMENT AT HIGH LEVELS. I HAVE NOT CONFIRM YET BUT THERE WAS A SECURITY ISSUE. WE ARE STILL MOVING ALONG. WE ARE STILL IN A GOOD WINDOW. ...EVERYTHING IS READY AND HIGH ALERT...ALL WE NEED TO DO IS GET TO BANK...
6-6-2019 Intel Guru MarkZ [via PDK] I personally think this is the quiet before the storm…or maybe we are in the eye of the storm…Our homeland security contacts were positive we were going to see it yesterday...No idea what the delay was yesterday…There is high expectations for today still from everyone I have talked to. Some banking contacts have told me that screens are acting crazy today on the currency side of it...rates flashing on and off…I have not seen any of this myself. So this is second hand rumors…maybe a good sign...we really hope for big news today.
6-6-2019 Intel Guru RayRen98 IT'S DONE...IT'S FINISHED...THE RV IS ON ITS' WAY...NO MORE TALKIN'-NO MORE TESTIN'...BRING IT ON ALREADY!
6-5-2019 Intel Guru MarkZ I really thought we would have our numbers by 5 Pm today...but no bad news at all...Still hearing we are on track to get started tomorrow. Hearing we have past the point of no return…There are 209 countries involved in this reset and that has never been done before...We did hear that Chase bank was called in to help WF to make sure they can meet the requirements to have all the exchanges done quickly...we really are that close...a lot of things I am not allowed to share. I still believe the dinar will be in the $4-6 range and the dong in the $2 range
6-5-2019 Newshound Guru chattels Not a lot of news [articles ?] today. I suppose the Eid al-Fitr celebration has something to do with it.
6-5-2019 Intel Guru MarkZ [via PDK] Some Whales in the 4a group started yesterday….most have appointments tomorrow morning…we are all standing in line and we should all be excited that the box office is now open… In Europe- they expect all exchanges Thursday morning as well. ...We are seeing a lot of progress …but it is very frustrating. We really expect big news out this afternoon [Any news from your Iraq contact…] They fully expected a rate this morning in the Gazette...it didn’t happen...so that doesn’t mean the RV cant happen now…it just means it wont be published until at least Sat. which is when the next Gazette comes out. New rates can happen at any time.
6-5-2019 Intel Guru Bruce ...my understanding was they did make it known that their lower denominations were available in their ATMS. They let it be known their currency was gold backed. Yes, and it had revalued.
...Here is the thing. We still are not going to know about that or get that rate until it is really time for us to go for our exchanges. ...I am speaking about Dinar specifically. Same thing with the Dong. The Dong is going to be right up there not too far from the value of the Dinar, much closer than we all thought. ...we are this close to finalizing where we are. We are so close, and I do feel we are finally arriving at the destination we all been waiting for. I am going to say the next couple of days we should be there...I got very strong information from at least 2 sources that agree on the timing. [post 2 of 2]
6-5-2019 Intel Guru Bruce [via PinkRoses] ...again today I was given two times to look for the toll-free numbers...Upon further inspection and further information, it became clear we were not going to get them today...I am going to say this...The banks and Redemption Centers have been on high alert in what we would call Red High Alert for...for several days... It appears that the toll-free numbers coming out are the trigger...This could be everything going...Now, that is coming from pretty strong authority. ...Sunday we had some confirmations...that Iraq and Iran had both revalued their currency in country. We did see some rates on the Iraqi Dinar that were very good, but those were in country. Those are not the rates we are going to have on the front screen of our banks. The front screen rates should be a little over double what those rates were. [post 1 of 2....stay tuned]
6-5-2019 Intel Guru Footforward
1) I'm not a fan of the GCR. We didn't have to have a reset for the dinar to go down. You don't need one for the dinar to go up. I actually also believe QE [Quantitative easing] ...infinity actually helps our cause. Eventually you get a good backed currency, but there are steps.
2) 1) RV of the dinar.
2) That money gets pumped into the economy and large amounts of paper
money get sucked into the system with a low interest rate
3) You wait for your currency to get stronger and then buy gold in exchange
for Oil.
4) then you go to gold backed.
6-5-2019 Newshound/Intel Guru Mnt Goat I hope everyone understands now that we were told in an article by parliament that the “Financial Management Law” (or the “Law of Financial Administration” as is also called) is the parliamentary law, or the vehicle, to which the CBI needs to have to work with the parliament ot orchestrate this change of the currency. This is why I keep saying to watch now for the progress of this new law in parliament and the implementation of it. Remember the finance committee told us not too long ago...that within this current session of parliament they intend to go ahead with the currency reforms. ...This is going to happen! They are working on it. [post 2 of 2]
6-5-2019 Newshound/Intel Guru Mnt Goat Article: "DIRECTOR GENERAL OF THE CENTRAL BANK EXPLAINS FUTURE PROGRESS OF REFORMING THE IRAQI DINAR" This is HUGE! Very good news! This is a WOW article and is once again telling us the project to delete the zeros (and...reinstatement we wait for) is in the control of legislation from parliament and not the central government of the prime minister, as is why it was stopped in 2012 under the corruption of Nori al-Maliki. [post 1 of 2....stay tuned]
6-5-2019 Newshound Guru chattels Not a lot of news [articles ?] today. I suppose the Eid al-Fitr celebration has something to do with it.
6-5-2019 Intel Guru MarkZ [via PDK] Some Whales in the 4a group started yesterday….most have appointments tomorrow morning…we are all standing in line and we should all be excited that the box office is now open… In Europe- they expect all exchanges Thursday morning as well. ...We are seeing a lot of progress …but it is very frustrating. We really expect big news out this afternoon [Any news from your Iraq contact…] They fully expected a rate this morning in the Gazette...it didn’t happen...so that doesn’t mean the RV cant happen now…it just means it wont be published until at least Sat. which is when the next Gazette comes out. New rates can happen at any time.
6-5-2019 Intel Guru Bruce ...my understanding was they did make it known that their lower denominations were available in their ATMS. They let it be known their currency was gold backed. Yes, and it had revalued.
...Here is the thing. We still are not going to know about that or get that rate until it is really time for us to go for our exchanges. ...I am speaking about Dinar specifically. Same thing with the Dong. The Dong is going to be right up there not too far from the value of the Dinar, much closer than we all thought. ...we are this close to finalizing where we are. We are so close, and I do feel we are finally arriving at the destination we all been waiting for. I am going to say the next couple of days we should be there...I got very strong information from at least 2 sources that agree on the timing. [post 2 of 2]
6-5-2019 Intel Guru Bruce [via PinkRoses] ...again today I was given two times to look for the toll-free numbers...Upon further inspection and further information, it became clear we were not going to get them today...I am going to say this...The banks and Redemption Centers have been on high alert in what we would call Red High Alert for...for several days... It appears that the toll-free numbers coming out are the trigger...This could be everything going...Now, that is coming from pretty strong authority. ...Sunday we had some confirmations...that Iraq and Iran had both revalued their currency in country. We did see some rates on the Iraqi Dinar that were very good, but those were in country. Those are not the rates we are going to have on the front screen of our banks. The front screen rates should be a little over double what those rates were. [post 1 of 2....stay tuned]
6-5-2019 Intel Guru Footforward
1) I'm not a fan of the GCR. We didn't have to have a reset for the dinar to go down. You don't need one for the dinar to go up. I actually also believe QE [Quantitative easing] ...infinity actually helps our cause. Eventually you get a good backed currency, but there are steps.
2) 1) RV of the dinar.
2) That money gets pumped into the economy and large amounts of paper
money get sucked into the system with a low interest rate
3) You wait for your currency to get stronger and then buy gold in exchange
for Oil.
4) then you go to gold backed.
6-5-2019 Newshound/Intel Guru Mnt Goat I hope everyone understands now that we were told in an article by parliament that the “Financial Management Law” (or the “Law of Financial Administration” as is also called) is the parliamentary law, or the vehicle, to which the CBI needs to have to work with the parliament ot orchestrate this change of the currency. This is why I keep saying to watch now for the progress of this new law in parliament and the implementation of it. Remember the finance committee told us not too long ago...that within this current session of parliament they intend to go ahead with the currency reforms. ...This is going to happen! They are working on it. [post 2 of 2]
6-5-2019 Newshound/Intel Guru Mnt Goat Article: "DIRECTOR GENERAL OF THE CENTRAL BANK EXPLAINS FUTURE PROGRESS OF REFORMING THE IRAQI DINAR" This is HUGE! Very good news! This is a WOW article and is once again telling us the project to delete the zeros (and...reinstatement we wait for) is in the control of legislation from parliament and not the central government of the prime minister, as is why it was stopped in 2012 under the corruption of Nori al-Maliki. [post 1 of 2....stay tuned]
6-4-2019 Intel Guru MarkZ Its my opinion that if you just go into a bank to exchange – you will only get the street rate…whereas if you call and make a apt at the redemption centers you will get higher contract rates...If you are...following the Dinar sites you are not the “general public”...you know to wait for 800 numbers and make an apt...so banks consider you part of a “informed” group...We are hearing we will be done before the public sees the new rates…..so they won’t post the new rates on forex until we have exchanged at redemption centers...My forex source expects to see new rates Thursday Night…. [NOTE: Talk to your financial advisor at the appropriate time.]
6-4-2019 Intel Guru Delta Article: "Stop issuing card "Key Card" and replace it with "Master Card Rafidain" Quote: "Key Card" issued in the past will be replaced by the new issue of cards, "Master Card Rafidain" within a timetable." WE WERE WAITING FOR THIS...FINALLY MOVING FROM REGULAR K CARD...TO MASTER CARD...BOOOM...HUGE...
6-4-2019 Intel Guru Eagleone2025 MY MILITARY AND BANK CONTACTS SAID THAT THEY ARE PROJECTING RELEASE VERY SOON...I ASKED HOW SOON …THEY ARE PROJECTING 48 -72 HOURS…SECURITY IS VERY HIGH. HOWEVER WE COULD GET A GO AT ANYTIME…REMEMBER IT IS A DAY BY DAY PROCESS…BANKING CONTACT TOLD ME THEY WERE GOING TO BE WORKING VERY LONG HOURS.
6-4-2019 Intel Guru MarkZ News is all over the place this morning...according to the Reno people – today is still expected to be “value day” …they are watching between 10 am to 5 pm for 800 numbers (Reno time). I am scratching my head about the differences from Reno contacts versus Europe contacts...Reno is geared up for today and the rest of the world is telling me big start on Thursday AM...Keep in mind that the Reno groups are being told this by the US Treasury and people in positions of power and authority. From contact in Iraq- as of yesterday they are ready to go. They are done, ready and prepared…just waiting on an announcement. I have great faith in my sources...they are telling me what they sincerely believe to be true... We have a lot to watch between now and Thursday AM.
6-4-2019 Newshound/Intel Guru Mnt Goat We have seen the evidence of this recently with the smaller category 50 dinar being reintroduced. I am told to watch for the 100 dinar notes as this will be a sign that the reinstatement is VERY close... I am told this is not something that is going to happen months from now but is in the implementation phase right now and we can expect something in the next few weeks. Folks this is WOW! news. We can only hold on and wait and see what happens next... [post 2 of 2]
6-4-2019 Newshound/Intel Guru Mnt Goat So we know we were waiting for the “Financial Administration law” to be passed in parliament. Is it now passed? Some say it is done but I have not see any articles on it. I called my CBI contact in Iraq and they said it is passed and they have gotten the word weeks ago by the finance committee to move ahead with launching more of the smaller category notes for the project to delete the zeros. So they have been doing so. [post 1 of 2....stay tuned]
6-4-2019 Newshound Guru Adam Montana Iraq is not specifically included or excluded from it, despite the founding information you can see above, and they are in prime position (GOLDEN OPPORTUNITY) to monetize their place in the deal. I don't know what else I can say about it...Iraq is in the best place we could hope for. Ramadan is nearing it's end, we are looking at a live fuse attached to a financial firework, and I won't be surprised if they light the fuse before 4th of July. Not that Iraq cares about the 4th of July... that date just happens to mesh with the "live fuse" metaphor, and the timing is right...I'm excited to be on this side of the microphone as things go down! [post 2 of 2]
6-4-2019 Newshound Guru Adam Montana Article: "Parliamentary Economy: Iraq has a golden opportunity to increase its oil production" Last week, I was expecting a particular bit of news out of Iraq, based on conversations with my personal contacts. This isn't earth shattering news, on the surface...it's very positive for us... I've been talking about how the current OPEC agreement is a huge "ace in the hole" for Iraq. That article above is the biggest "bat signal" imaginable! I'll spell it out real quick - OPEC (The Organization of the Petroleum Exporting Countries is an intergovernmental organization of 14 nations, founded in 1960 in Baghdad by the first five members, and headquartered since 1965 in Vienna, Austria. Wikipedia) currently has an understanding / agreement to limit production. [post 1 of 2....stay tuned]
6-4-2019 Intel Guru Delta Article: "Stop issuing card "Key Card" and replace it with "Master Card Rafidain" Quote: "Key Card" issued in the past will be replaced by the new issue of cards, "Master Card Rafidain" within a timetable." WE WERE WAITING FOR THIS...FINALLY MOVING FROM REGULAR K CARD...TO MASTER CARD...BOOOM...HUGE...
6-4-2019 Intel Guru Eagleone2025 MY MILITARY AND BANK CONTACTS SAID THAT THEY ARE PROJECTING RELEASE VERY SOON...I ASKED HOW SOON …THEY ARE PROJECTING 48 -72 HOURS…SECURITY IS VERY HIGH. HOWEVER WE COULD GET A GO AT ANYTIME…REMEMBER IT IS A DAY BY DAY PROCESS…BANKING CONTACT TOLD ME THEY WERE GOING TO BE WORKING VERY LONG HOURS.
6-4-2019 Intel Guru MarkZ News is all over the place this morning...according to the Reno people – today is still expected to be “value day” …they are watching between 10 am to 5 pm for 800 numbers (Reno time). I am scratching my head about the differences from Reno contacts versus Europe contacts...Reno is geared up for today and the rest of the world is telling me big start on Thursday AM...Keep in mind that the Reno groups are being told this by the US Treasury and people in positions of power and authority. From contact in Iraq- as of yesterday they are ready to go. They are done, ready and prepared…just waiting on an announcement. I have great faith in my sources...they are telling me what they sincerely believe to be true... We have a lot to watch between now and Thursday AM.
6-4-2019 Newshound/Intel Guru Mnt Goat We have seen the evidence of this recently with the smaller category 50 dinar being reintroduced. I am told to watch for the 100 dinar notes as this will be a sign that the reinstatement is VERY close... I am told this is not something that is going to happen months from now but is in the implementation phase right now and we can expect something in the next few weeks. Folks this is WOW! news. We can only hold on and wait and see what happens next... [post 2 of 2]
6-4-2019 Newshound/Intel Guru Mnt Goat So we know we were waiting for the “Financial Administration law” to be passed in parliament. Is it now passed? Some say it is done but I have not see any articles on it. I called my CBI contact in Iraq and they said it is passed and they have gotten the word weeks ago by the finance committee to move ahead with launching more of the smaller category notes for the project to delete the zeros. So they have been doing so. [post 1 of 2....stay tuned]
6-4-2019 Newshound Guru Adam Montana Iraq is not specifically included or excluded from it, despite the founding information you can see above, and they are in prime position (GOLDEN OPPORTUNITY) to monetize their place in the deal. I don't know what else I can say about it...Iraq is in the best place we could hope for. Ramadan is nearing it's end, we are looking at a live fuse attached to a financial firework, and I won't be surprised if they light the fuse before 4th of July. Not that Iraq cares about the 4th of July... that date just happens to mesh with the "live fuse" metaphor, and the timing is right...I'm excited to be on this side of the microphone as things go down! [post 2 of 2]
6-4-2019 Newshound Guru Adam Montana Article: "Parliamentary Economy: Iraq has a golden opportunity to increase its oil production" Last week, I was expecting a particular bit of news out of Iraq, based on conversations with my personal contacts. This isn't earth shattering news, on the surface...it's very positive for us... I've been talking about how the current OPEC agreement is a huge "ace in the hole" for Iraq. That article above is the biggest "bat signal" imaginable! I'll spell it out real quick - OPEC (The Organization of the Petroleum Exporting Countries is an intergovernmental organization of 14 nations, founded in 1960 in Baghdad by the first five members, and headquartered since 1965 in Vienna, Austria. Wikipedia) currently has an understanding / agreement to limit production. [post 1 of 2....stay tuned]
6-3-2019 Newshound Guru G-Lin Article: "Parliament will resume its meetings on the 11th of June" Quote: "The presidency of the Council attributed to the resumption of meetings of the Council after the Eid, on Tuesday, June 11, 2019."
6-3-2019 Intel Guru MarkZ [We have always heard the IQN is the lench pin for the roll out..if it shows up with new rate on FOREX tomorrow does that mean all other currencies new rate will show up as well?] My belief is “yes” there are some that will not revalue yet...there will be 4 baskets in all …the entire rollout will take up to 2 years...6 months between each basket is the plan.
6-3-2019 Intel Guru EagleOne2025 [via PDK] THIS PROCESS HAS BEEN LONG... STAND STRONG...IT IS A DAY BY DAY PROCESS...THIS JUBILEE IS SET TO RELEASE. ...WE ARE VERY CLOSE NOW...THREE DAYS OF BANK MEETINGS ARE GOING ON NOW...THERE IS HIGH LEVEL BANK MEETING GOING WITH HSBC OFFICIALS MON.-WED...NY AND DC HAS BEEN GIVEN CLEAR OPERATION RELEASE...THEY ARE PLANING 800# VERY SOON. ...I AM BEING TOLD JUNE 6-9 IS PROJECTED TIME...WE WAIT AND SEE.
6-3-2019 Intel Guru MarkZ [via PDK] My contact in Reno was up very early...they were told nothing is off track…just moving slower then expected...a lot of work was done this weekend…they are looking for 800 numbers today...and that tomorrow will be “value day”...he still seems very excited. [Please explain value day] That means all the currencies have a new value…..it will be fixed….we will be able to see it everywhere… ...My contacts from Redemption centers did report to work bright and early this morning. I think now they are desperately trying to complete this...logistically its taking longer then everyone thought.
6-3-2019 Newshound Guru MilitiaMan With the FML Amendment being passed on or around May 22 of this month tells me that they have a time clock on things now per the Constitution requirements. The President is to or has signed the law. Even if he doesn't it becomes law imo within 15 days or at that mark regardless if he signed it. Then off to the gazette it goes which is understood to be about 3-4 days. Thus, they have it geared to finish up in June, imo. The amendment has the data needed for the new currency and the 2020 budget with that new currency in mind imo...
6-3-2019 Intel Guru MarkZ [We have always heard the IQN is the lench pin for the roll out..if it shows up with new rate on FOREX tomorrow does that mean all other currencies new rate will show up as well?] My belief is “yes” there are some that will not revalue yet...there will be 4 baskets in all …the entire rollout will take up to 2 years...6 months between each basket is the plan.
6-3-2019 Intel Guru EagleOne2025 [via PDK] THIS PROCESS HAS BEEN LONG... STAND STRONG...IT IS A DAY BY DAY PROCESS...THIS JUBILEE IS SET TO RELEASE. ...WE ARE VERY CLOSE NOW...THREE DAYS OF BANK MEETINGS ARE GOING ON NOW...THERE IS HIGH LEVEL BANK MEETING GOING WITH HSBC OFFICIALS MON.-WED...NY AND DC HAS BEEN GIVEN CLEAR OPERATION RELEASE...THEY ARE PLANING 800# VERY SOON. ...I AM BEING TOLD JUNE 6-9 IS PROJECTED TIME...WE WAIT AND SEE.
6-3-2019 Intel Guru MarkZ [via PDK] My contact in Reno was up very early...they were told nothing is off track…just moving slower then expected...a lot of work was done this weekend…they are looking for 800 numbers today...and that tomorrow will be “value day”...he still seems very excited. [Please explain value day] That means all the currencies have a new value…..it will be fixed….we will be able to see it everywhere… ...My contacts from Redemption centers did report to work bright and early this morning. I think now they are desperately trying to complete this...logistically its taking longer then everyone thought.
6-3-2019 Newshound Guru MilitiaMan With the FML Amendment being passed on or around May 22 of this month tells me that they have a time clock on things now per the Constitution requirements. The President is to or has signed the law. Even if he doesn't it becomes law imo within 15 days or at that mark regardless if he signed it. Then off to the gazette it goes which is understood to be about 3-4 days. Thus, they have it geared to finish up in June, imo. The amendment has the data needed for the new currency and the 2020 budget with that new currency in mind imo...
6-2-2019 Newshound Guru MilitiaMan Article: "Daily rates of the exchange rate of the Iraqi dinar against the US dollar in the markets of Iraq" More direct data that once the rate changes, the spread sheet can be updated and reported accordingly in the same effective format.. imo.
6-2-2019 Intel Guru Delta Report: "Currency and Price Stability" [...so this is saying that IF the dinar was international, the rate would be somewhere in the $1.71 to $2+?.] IN 2017 [the dinar] WAS WORTH 1.71 BUT NOW IT SHOULD BE WORTH AT LEAST IN A MID 2 RANGE...BUT WE DON'T KNOW WHAT THEY WILL DO UNTIL CBI POST THE NEW RATE...WE KNOW SHABIBI SAID IN THE PAST THAT THE GOAL IS TO MAKE THE IQD LIKE IT USED TO BE IN 70-80 ...AROUND $2.85...BUT AGAIN WE DON'T KNOW IF THE PLAN STILL THE SAME ...
6-2-2019 Newshound Guru MilitiaMan Article: "The Iraqi Central Bank is preparing to open up to the world" Quote: "...the implementation of this survey comes as a result of the spread of this profession, which is due to the private sector taking the foreign and internal transfers, after being confined to the Central Bank of Iraq." Wow...They are going public (private) and global. The money is going international... Wow...This is huge...imo! They are now not confined. They are opening up to the world just as they said they would. The Private Sector is now going to drive capital formation. Exactly why they have been talking about the citizens and there savings. The private sector doing internal and foreign transfers of money is an international thing. That has requirements and rules to follow ...Sure looks like more signs of article 8... ...The CBI told us they were to expand the exchange rate and the gold database. Now this one is telling us they are doing things with transfers...Gotta love the timing. imo.
6-2-2019 Newshound/Intel Guru Mnt Goat Article: "SIEMENS HAS STARTED WORK ON CONTRACTS FOR THE FIRST PHASE OF IRAQ'S ELECTRICITY DEVELOPMENT IN IRAQ" We know that within the project to delete the zeros includes electronic banking. Oh -this means they need electricity….right? So can you see how having electricity 24/7 again throughout Iraq can only help in this process. Lets’ see you have the banks that need it for international transfers of funds, ATM machines need it, merchant shops for Point of Sale transactions need it, etc, etc,. So this is a really good this to push Iraq forward. Is this the hold up for the reinstatement? NO! But it can only help.
6-2-2019 Intel Guru Delta Report: "Currency and Price Stability" [...so this is saying that IF the dinar was international, the rate would be somewhere in the $1.71 to $2+?.] IN 2017 [the dinar] WAS WORTH 1.71 BUT NOW IT SHOULD BE WORTH AT LEAST IN A MID 2 RANGE...BUT WE DON'T KNOW WHAT THEY WILL DO UNTIL CBI POST THE NEW RATE...WE KNOW SHABIBI SAID IN THE PAST THAT THE GOAL IS TO MAKE THE IQD LIKE IT USED TO BE IN 70-80 ...AROUND $2.85...BUT AGAIN WE DON'T KNOW IF THE PLAN STILL THE SAME ...
6-2-2019 Newshound Guru MilitiaMan Article: "The Iraqi Central Bank is preparing to open up to the world" Quote: "...the implementation of this survey comes as a result of the spread of this profession, which is due to the private sector taking the foreign and internal transfers, after being confined to the Central Bank of Iraq." Wow...They are going public (private) and global. The money is going international... Wow...This is huge...imo! They are now not confined. They are opening up to the world just as they said they would. The Private Sector is now going to drive capital formation. Exactly why they have been talking about the citizens and there savings. The private sector doing internal and foreign transfers of money is an international thing. That has requirements and rules to follow ...Sure looks like more signs of article 8... ...The CBI told us they were to expand the exchange rate and the gold database. Now this one is telling us they are doing things with transfers...Gotta love the timing. imo.
6-2-2019 Newshound/Intel Guru Mnt Goat Article: "SIEMENS HAS STARTED WORK ON CONTRACTS FOR THE FIRST PHASE OF IRAQ'S ELECTRICITY DEVELOPMENT IN IRAQ" We know that within the project to delete the zeros includes electronic banking. Oh -this means they need electricity….right? So can you see how having electricity 24/7 again throughout Iraq can only help in this process. Lets’ see you have the banks that need it for international transfers of funds, ATM machines need it, merchant shops for Point of Sale transactions need it, etc, etc,. So this is a really good this to push Iraq forward. Is this the hold up for the reinstatement? NO! But it can only help.
6-1-2019 Newshound Guru MilitiaMan Article: "Foreign exchange rates against the dollar for the period (1995-2018)" ...Notification they are ready to roll.. imo!
6-1-2019 Intel Guru RayRen98 Parliament voted on Thursday and passed the law that was passed by the financial committee last week relating directly to the rise of the currency exchange rate. This has not been made public yet. We are as of this moment expecting to see the release of the 100 dinar note anytime between now and the Jun 7th. This will conclude the release of the lower denoms and the start of the RV release shortly after.
6-1-2019 Newshound/Intel Guru Mnt Goat Sadr already told parliament a week ago to do something about it. Then we heard that this is planned to be fixed before the end of the current parliamentary session and that the PARLIAMENTARY FINANCE HAS COMPLEMENTED THE “FINANCIAL MANAGEMENT LAW”. This law is supposed to be the path to forcing the CBI to act upon the corruption in the currency auctions and move ahead with the project to delete the zeros (which we know will bring us the reinstatement and thus a significant increase in the value of the dinar) [post 2 of 2]
6-1-2019 Newshound Guru MilitiaMan I believe if one steps back an thinks about the totality of all these [articles] the CBI has provided today, one may take the view that they are clearly talking very loudly! They clearly want the people to understand what is happening. This is more escorting now that I can remember. Collectively with all we have before, us there are not hiding what is to come.. imo A good thing...
6-1-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQI INDUSTRY DELIBERATELY KILLED BY CURRENCY AUCTIONS" Of course, we as investors all see it too so this news is not new to us. The important part if more and more people in high positions in parliament are frustrated too and see that the lack of reinstating the currency is killing any prospects for any real progress in Iraq. The delay is all due to corruption and nothing more. So over the last couple weeks we have had four (4) articles already on this topic so the pressure is building to do something about it. [post 1 of 2....stay tuned]
6-1-2019 Intel Guru Eagleone2025 THIS IS A DAY BY DAY PROCESS AND THEN WE WILL GET TO THE BANKS ONE DAY SOON. IT IS IN THE PROCESS…. THE BANKS SOURCES YESTERDAY HAVE SAID THEY WERE GOING INTO MEETING AND HAVE BEEN TOLD TO WAIT UNTIL THEY HAD RELEASE. …IT IS VERY CLOSE IS WHAT I WAS TOLD FROM NY AND DC...
6-1-2019 Intel Guru RayRen98 Parliament voted on Thursday and passed the law that was passed by the financial committee last week relating directly to the rise of the currency exchange rate. This has not been made public yet. We are as of this moment expecting to see the release of the 100 dinar note anytime between now and the Jun 7th. This will conclude the release of the lower denoms and the start of the RV release shortly after.
6-1-2019 Newshound/Intel Guru Mnt Goat Sadr already told parliament a week ago to do something about it. Then we heard that this is planned to be fixed before the end of the current parliamentary session and that the PARLIAMENTARY FINANCE HAS COMPLEMENTED THE “FINANCIAL MANAGEMENT LAW”. This law is supposed to be the path to forcing the CBI to act upon the corruption in the currency auctions and move ahead with the project to delete the zeros (which we know will bring us the reinstatement and thus a significant increase in the value of the dinar) [post 2 of 2]
6-1-2019 Newshound Guru MilitiaMan I believe if one steps back an thinks about the totality of all these [articles] the CBI has provided today, one may take the view that they are clearly talking very loudly! They clearly want the people to understand what is happening. This is more escorting now that I can remember. Collectively with all we have before, us there are not hiding what is to come.. imo A good thing...
6-1-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQI INDUSTRY DELIBERATELY KILLED BY CURRENCY AUCTIONS" Of course, we as investors all see it too so this news is not new to us. The important part if more and more people in high positions in parliament are frustrated too and see that the lack of reinstating the currency is killing any prospects for any real progress in Iraq. The delay is all due to corruption and nothing more. So over the last couple weeks we have had four (4) articles already on this topic so the pressure is building to do something about it. [post 1 of 2....stay tuned]
6-1-2019 Intel Guru Eagleone2025 THIS IS A DAY BY DAY PROCESS AND THEN WE WILL GET TO THE BANKS ONE DAY SOON. IT IS IN THE PROCESS…. THE BANKS SOURCES YESTERDAY HAVE SAID THEY WERE GOING INTO MEETING AND HAVE BEEN TOLD TO WAIT UNTIL THEY HAD RELEASE. …IT IS VERY CLOSE IS WHAT I WAS TOLD FROM NY AND DC...
5-31-2019 Intel Guru Frank26 Article: "The Iraqi Central Bank is preparing to open up to the world" The CBI have been talking a lot! About the reinstatement of the Iraqi Dinar! Did you see what they said today? This is a historic day! We told you that a lot of things needed to be in place…and now they need to be activated! They are expanding their gold reserves for the reinstatement of the Iraqi Dinar! And then they are expanding their exchange rate!!
5-31-2019 Newshound Guru MilitiaMan Article: "Monthly rates of exchange rate of the Iraqi dinar against the US dollar in the Iraqi market" This...is keeping things in a historical perspective and it dates back 45 years. The Glory Days. Why do they give that much information one may ask. My thinking is that they need to make people aware of what they could possibly expect to come again...more than once they told us they want to come back to the Glory Days... IMO This one supports they just might...imo.
5-31-2019 Intel Guru MarkZ ...2 of my contacts in Hong Kong and Brisbane, Australia were allowed to deposit their currency but were told they would not have liquid funds until Tuesday Morning…It appears there may be a world-wide event on that day... Contacts at redemption centers were just told not to come in this weekend…but to have a conference call Sunday night and start Monday AM…This tells me they do not expect to release 800 numbers this weekend.... [What rate could the dong rv at?] I still believe the dong will reset at about $2 to $2.50…just imo. [How many currency holders do you think there are?] I think there are a million or so ...but only maybe 15-20 thousand who have a real significant amount…world changing amount. Just IMO.
5-31-2019 Intel Guru Bruce ...let’s just start with at the Redemption Centers...our understanding is yes they are staffed and on call 24/7....should they release the toll-free number, they are available to take appointments. ...we are at the point where we have very little to do before receiving that number...I have been expecting it for yesterday and today, and actually put on high alert for it yesterday and yet today [Thursday]. That is how close we are and that is why I do not have a whole lot of Intel. ...Yes. We are ready for a great weekend. We do not know exactly when the start is...
5-31-2019 Intel Guru DELTA Article: "Central Bank: The deletion of zeros aims to tighten banknotes and needs parliamentary legislation" Quote: "On the subject of the deletion of zeros, he said that "this administrative process aimed at tightening the banknotes and improve the accounting record in the country was launched in 2012, but there are some objections at the time and need legislation by the House of Representatives..." ...FML WAS PASSED SO LEGISLATION IS DONE.
5-31-2019 Newshound Guru MilitiaMan Article: "Daily exchange rates of the US dollar in the markets of Iraq" The CBI is keeping things fresh and open in peoples minds during this time frame. Education is on going and will continue! A good thing...
5-31-2019 Newshound Guru Bloodloch I do...think we're getting close, just from the more legitimate news reports we've been getting.
5-31-2019 Newshound Guru MilitiaMan Article: "Monthly rates of exchange rate of the Iraqi dinar against the US dollar in the Iraqi market" This...is keeping things in a historical perspective and it dates back 45 years. The Glory Days. Why do they give that much information one may ask. My thinking is that they need to make people aware of what they could possibly expect to come again...more than once they told us they want to come back to the Glory Days... IMO This one supports they just might...imo.
5-31-2019 Intel Guru MarkZ ...2 of my contacts in Hong Kong and Brisbane, Australia were allowed to deposit their currency but were told they would not have liquid funds until Tuesday Morning…It appears there may be a world-wide event on that day... Contacts at redemption centers were just told not to come in this weekend…but to have a conference call Sunday night and start Monday AM…This tells me they do not expect to release 800 numbers this weekend.... [What rate could the dong rv at?] I still believe the dong will reset at about $2 to $2.50…just imo. [How many currency holders do you think there are?] I think there are a million or so ...but only maybe 15-20 thousand who have a real significant amount…world changing amount. Just IMO.
5-31-2019 Intel Guru Bruce ...let’s just start with at the Redemption Centers...our understanding is yes they are staffed and on call 24/7....should they release the toll-free number, they are available to take appointments. ...we are at the point where we have very little to do before receiving that number...I have been expecting it for yesterday and today, and actually put on high alert for it yesterday and yet today [Thursday]. That is how close we are and that is why I do not have a whole lot of Intel. ...Yes. We are ready for a great weekend. We do not know exactly when the start is...
5-31-2019 Intel Guru DELTA Article: "Central Bank: The deletion of zeros aims to tighten banknotes and needs parliamentary legislation" Quote: "On the subject of the deletion of zeros, he said that "this administrative process aimed at tightening the banknotes and improve the accounting record in the country was launched in 2012, but there are some objections at the time and need legislation by the House of Representatives..." ...FML WAS PASSED SO LEGISLATION IS DONE.
5-31-2019 Newshound Guru MilitiaMan Article: "Daily exchange rates of the US dollar in the markets of Iraq" The CBI is keeping things fresh and open in peoples minds during this time frame. Education is on going and will continue! A good thing...
5-31-2019 Newshound Guru Bloodloch I do...think we're getting close, just from the more legitimate news reports we've been getting.
5-30-2019 Newshound/Intel Guru Mnt Goat We are at a stand-off now waiting for more progress to happen in Iraq. Their entire plan for funding the reconstruction effort has fallen apart just like I said it would if they did not reinstate the dinar and attract this investment money. We also know the Iranian influence in politics is holding up the remaining ministers. ...We also know the Iranian influence in trade is effecting the corruption of funneling US dollars to Iran to overcome some of the US sanctions on Iran. We see more smaller category notes being placed in banks. They pay the CBI for these notes by turning in the larger three zero notes they have collected from the currency auctions, etc, etc. ...there is really NOTHING, other than corruption being allowed by the CBI, holding back the reinstatement from taking place. So we just sit tight and wait to see what happens next.
5-30-2019 Newshound Guru Bloodloch The new 50 dinar note, as someone pointed out, is worth about 5 US cents. I believe this may be the start of a transition to a new, more valuable "class" of currency, one made of very small denominations, but of very large value. People may tend to panic when they consider Iraq coming out with a new currency that will, EVENTUALLY, replace their old triple zero notes, but they should not. The CBI has reportedly stated that both currencies will exist side by side for years. This would actually explain what they meant by that statement. ...once they issue the new very low denominations of dinars, and if they declare them to be equal to a US dollar, I believe the face value of total currency issued will drop precipitously and we will see a positive change in the foreign exchange rate of the old IQD within 60 days, given Iraq's current velocity of money figure of about once every two months. THIS IS JUST THEORYCRAFT AND JUST ONE OPINION OF HOW IT MIGHT OCCUR, NOT HOW IT WILL OCCUR.
5-30-2019 Intel Guru MarkZ Everyone at the Redemption centers that I personally know are on high alert. ...Hearing that 800 #s will be for international folks as well… [Will this ever really happen?] This will absolutely happen... Its not an “if” it’s a “when”...
5-30-2019 Intel/Newshound Guru American Contractor The Iraqi economic conditions are gradually getting better...The country is receiving more foreign investment as its coming in slowly...but the recent conditions like higher oil prices and higher public and private investment...Iraq is getting better. Iraq is working within the parameter of the World Bank and International Monetary Fund...The spread between the official and parallel exchange rate is getting closer (2%). Iraq has low inflation. Some say in the single digits. The Iraqi dinar is pegged to the USD. The CBI is using that to keep the inflation low. The CBI money supply has been contracting started last year. This may be a good thing. Will have to wait and see what develops with the IQD.
5-30-2019 Newshound/Intel Guru Mnt Goat When is the turning point then when Iraq finally moves completely into Article 8 of the IMF charter for member nations and then operates fully in this capacity? ...for now this has not yet “fully” happened. All I can say to you, without a shadow of a doubt, is that they still plan to implement “fully” the project to delete the zeros and issue some day the other smaller category notes. They appear to be phasing them in slowly, just as they said they would... [post 2 of 2]
5-30-2019 Newshound/Intel Guru Mnt Goat Last week the CBI issued yet anther smaller category note (50 dinar) along with the 250, 500 and 1000. ...The CBI is really trying to keep these larger 3 zero notes off the streets (5k, 10k, 25k and 50k notes). These are the ones they needed to reduce by 2/3 of the project to delete the zeros was to be successful...The CBI is being successful in slowly helping the citizens become more and more reliant on these smaller category notes. ...Is this not exactly what the CBI said they needed to happen when they say these larger 3 zero notes would remain and “coincide” with the smaller category notes? So what the CBI set up is working. Only it takes time to take hold to the degree they need... [post 1 of 2...stay tuned]
5-30-2019 Newshound Guru Bloodloch The new 50 dinar note, as someone pointed out, is worth about 5 US cents. I believe this may be the start of a transition to a new, more valuable "class" of currency, one made of very small denominations, but of very large value. People may tend to panic when they consider Iraq coming out with a new currency that will, EVENTUALLY, replace their old triple zero notes, but they should not. The CBI has reportedly stated that both currencies will exist side by side for years. This would actually explain what they meant by that statement. ...once they issue the new very low denominations of dinars, and if they declare them to be equal to a US dollar, I believe the face value of total currency issued will drop precipitously and we will see a positive change in the foreign exchange rate of the old IQD within 60 days, given Iraq's current velocity of money figure of about once every two months. THIS IS JUST THEORYCRAFT AND JUST ONE OPINION OF HOW IT MIGHT OCCUR, NOT HOW IT WILL OCCUR.
5-30-2019 Intel Guru MarkZ Everyone at the Redemption centers that I personally know are on high alert. ...Hearing that 800 #s will be for international folks as well… [Will this ever really happen?] This will absolutely happen... Its not an “if” it’s a “when”...
5-30-2019 Intel/Newshound Guru American Contractor The Iraqi economic conditions are gradually getting better...The country is receiving more foreign investment as its coming in slowly...but the recent conditions like higher oil prices and higher public and private investment...Iraq is getting better. Iraq is working within the parameter of the World Bank and International Monetary Fund...The spread between the official and parallel exchange rate is getting closer (2%). Iraq has low inflation. Some say in the single digits. The Iraqi dinar is pegged to the USD. The CBI is using that to keep the inflation low. The CBI money supply has been contracting started last year. This may be a good thing. Will have to wait and see what develops with the IQD.
5-30-2019 Newshound/Intel Guru Mnt Goat When is the turning point then when Iraq finally moves completely into Article 8 of the IMF charter for member nations and then operates fully in this capacity? ...for now this has not yet “fully” happened. All I can say to you, without a shadow of a doubt, is that they still plan to implement “fully” the project to delete the zeros and issue some day the other smaller category notes. They appear to be phasing them in slowly, just as they said they would... [post 2 of 2]
5-30-2019 Newshound/Intel Guru Mnt Goat Last week the CBI issued yet anther smaller category note (50 dinar) along with the 250, 500 and 1000. ...The CBI is really trying to keep these larger 3 zero notes off the streets (5k, 10k, 25k and 50k notes). These are the ones they needed to reduce by 2/3 of the project to delete the zeros was to be successful...The CBI is being successful in slowly helping the citizens become more and more reliant on these smaller category notes. ...Is this not exactly what the CBI said they needed to happen when they say these larger 3 zero notes would remain and “coincide” with the smaller category notes? So what the CBI set up is working. Only it takes time to take hold to the degree they need... [post 1 of 2...stay tuned]
5-29-2019 Newshound Guru Adam Montana We are just about through Ramadan, and this holiday has been a busy one. Historically, nothing significant has happened during Ramadan. To be more to the point, nothing at all usually happens during Ramadan...that has not been the case! I won't get into the "list" this morning, but Iraq has been very productive. Things are advancing! Ramadan is over around the 4th of June (it's different for some areas). Eid al fitr follows. The bottom line for us is pretty simple... once Ramadan is over, there is a short following holiday, and then it's "game on" for government and we are officially ready for big things. ...OIL - saw a little dip, but still stable and trending solid. No worries there.
5-29-2019 Intel Guru Eagleone2025 ...INTEL IS INTEL GOOD AND BAD. IT CHANGES DAY BY DAY. THIS IS A PROCESS...JUST REMAIN CALM...
5-29-2019 Intel Guru MarkZ ...the news isn’t bad…it’s just not what we want yet. I am as frustrated as you are...I am still being told that today is “value” day….and we will see the 800 numbers...we shall see.
5-29-2019 Intel Guru Bruce Now, if the ATMS are on in the airports in Iraq, they are probably turned on elsewhere, but we know specifically the ones at the airport are working with lower denominations. That means you have an in-country revaluation of the Iraqi Dinar. Now, we know that certain things that happen even in Iraq are kept from us here until the exact proper time for it to be revealed...Things are quiet. People are under NDAs or gag orders, and that even though we do not like not getting something sometimes, that is a good sign. That means things are right there...I am going to tell you that we are very close. [post 2 of 2]
5-29-2019 Intel Guru Bruce [via PinkRoses] I want people to realize that this is a real thing. This is happening. This is a global currency reset. This is not just the revaluation of one currency or two currencies...I feel very confident about what it is we are waiting for...Things were looking like we were going to get started over the weekend. We read things about it. We saw some things. There was a possibility of it, but guess what? Didn’t get it. We know Iraq on Saturday turned on their ATM machines at the airports with the lower denominations. [post 1 of 2....stay tuned]
5-29-2019 Intel/Newshound Guru American Contractor In Iraq, they're articles written every day to mislead you...A week ago, I received information that the Iraq Central Bank (CBI) was distributing old banknotes. This is a false story. The CBI is not distributing any Iraqi dinar currency that is old or what you would consider lower denominations.
5-29-2019 Intel Guru Eagleone2025 ...INTEL IS INTEL GOOD AND BAD. IT CHANGES DAY BY DAY. THIS IS A PROCESS...JUST REMAIN CALM...
5-29-2019 Intel Guru MarkZ ...the news isn’t bad…it’s just not what we want yet. I am as frustrated as you are...I am still being told that today is “value” day….and we will see the 800 numbers...we shall see.
5-29-2019 Intel Guru Bruce Now, if the ATMS are on in the airports in Iraq, they are probably turned on elsewhere, but we know specifically the ones at the airport are working with lower denominations. That means you have an in-country revaluation of the Iraqi Dinar. Now, we know that certain things that happen even in Iraq are kept from us here until the exact proper time for it to be revealed...Things are quiet. People are under NDAs or gag orders, and that even though we do not like not getting something sometimes, that is a good sign. That means things are right there...I am going to tell you that we are very close. [post 2 of 2]
5-29-2019 Intel Guru Bruce [via PinkRoses] I want people to realize that this is a real thing. This is happening. This is a global currency reset. This is not just the revaluation of one currency or two currencies...I feel very confident about what it is we are waiting for...Things were looking like we were going to get started over the weekend. We read things about it. We saw some things. There was a possibility of it, but guess what? Didn’t get it. We know Iraq on Saturday turned on their ATM machines at the airports with the lower denominations. [post 1 of 2....stay tuned]
5-29-2019 Intel/Newshound Guru American Contractor In Iraq, they're articles written every day to mislead you...A week ago, I received information that the Iraq Central Bank (CBI) was distributing old banknotes. This is a false story. The CBI is not distributing any Iraqi dinar currency that is old or what you would consider lower denominations.
5-28-2019 Intel Guru MarkZ Still on standby. I was asked to stay close to my streaming equipment today. I take that as a very good sign. ...So close it is hard on my nerves.
5-28-2019 Newshound Guru Adam Montana [Can the RV happen any day of the week, any week and or any month (of) the year or would it happen only during certain times of the year?] Any day, any time.
5-28-2019 Intel Guru MarkZ [via PDK] ...What we are being told right now...is watch for 800 numbers after the west coast opens today…The West coast opens about noon EST…and yes I am a little salty that we havn’t been allowed to release them yet. Im also feeling a bit jaded as we have been told every day since Thursday we would get to release them that day. But we are watching closely after the west coast opens. I am trying to manage my expectations... I do feel this is extremely close and I want this as much as all of you want it. ...I am told the rates are locked in... Remember Warren Buffet has invested over 17 million in the Iraqi Dinar. So we are as crazy as Warren Buffet for believing in the RV of the Iraqi Dinar. If I did not firmly believe this is real…I wouldn’t be doing this everyday. But I still believe this will happen at anytime.
5-28-2019 Newshound Guru MilitiaMan Article: "The House of Representatives votes on the Financial Management Act" The FMA is enacted ...and now at the Gazette. imo...WOW.! This is what secured the ROAD MAP's completion set out on March 20th of 2019.. The goal is and was to raise the IQD exchange rate. [post 2 of 2]
5-28-2019 Newshound/Intel Guru Mnt Goat Article: "EUROPEAN CURRENCY DECLINES IN FRONT OF IRAQI DINAR" So...as the Iraqi economy grows and the 1190 rate persists it is causing problems of disparity amongst the other currencies and trade must be hard with having to convert all the time using these larger three zero notes and very large list of digits.
5-28-2019 Newshound Guru Adam Montana [Can the RV happen any day of the week, any week and or any month (of) the year or would it happen only during certain times of the year?] Any day, any time.
5-28-2019 Intel Guru MarkZ [via PDK] ...What we are being told right now...is watch for 800 numbers after the west coast opens today…The West coast opens about noon EST…and yes I am a little salty that we havn’t been allowed to release them yet. Im also feeling a bit jaded as we have been told every day since Thursday we would get to release them that day. But we are watching closely after the west coast opens. I am trying to manage my expectations... I do feel this is extremely close and I want this as much as all of you want it. ...I am told the rates are locked in... Remember Warren Buffet has invested over 17 million in the Iraqi Dinar. So we are as crazy as Warren Buffet for believing in the RV of the Iraqi Dinar. If I did not firmly believe this is real…I wouldn’t be doing this everyday. But I still believe this will happen at anytime.
5-28-2019 Newshound Guru MilitiaMan Article: "The House of Representatives votes on the Financial Management Act" The FMA is enacted ...and now at the Gazette. imo...WOW.! This is what secured the ROAD MAP's completion set out on March 20th of 2019.. The goal is and was to raise the IQD exchange rate. [post 2 of 2]
5-28-2019 Newshound/Intel Guru Mnt Goat Article: "EUROPEAN CURRENCY DECLINES IN FRONT OF IRAQI DINAR" So...as the Iraqi economy grows and the 1190 rate persists it is causing problems of disparity amongst the other currencies and trade must be hard with having to convert all the time using these larger three zero notes and very large list of digits.
5-27-2019 Intel Guru RayRen98 It has been reported to me that Iraq is AGAIN using the 50 Dinar note along with the 100, 250 and 500 values. Iraq has announced that The Green Zone will be 100% open on a 24-hour basis starting the first day of EID which commences immediately after Ramadan...
5-27-2019 Intel Guru Eagleone2025 IT IS MY UNDERSTANDING THAT TRUMP HAS SIGNED EVERYTHING TO GET THIS DONE. WE ARE WAITING FOR ACTIVATION OF #...
5-27-2019 Intel Guru MarkZ [via PDK] I have been told that a number of intel providers were given the 800 #s…and yes I verified this information...they are just not allowed to give them out yet…they are waiting for permission to send them out…we are all waiting to send them out sometime today... and we can set appointments to start exchanging tomorrow. They will be all over the place...you will not miss these numbers! We heard that the new rates have been released in Iraq... Hearing the international release in Iraq will be Tuesday. [Any news on the rates?] ...I am not allowed to talk about them. [ Do you believe the RV will happen this year?] I believe it may have already happened…I believe we will see it very soon.
5-27-2019 Newshound Guru MilitiaMan Article quote...Wednesday 20 March 2019: "The Parliamentary Finance Committee is moving in the current legislative session to develop mechanisms to change the monetary and monetary policies in the country, in coordination with the Central Bank of Iraq, aimed at raising the dinar exchange rate and maintaining the stability of inflation." This is from the past that I just went back to find and look what the plan was. That plan is being finished. It is the plan to raise the rate of the IQD...It is the FMA enacted, yesterday...Times are good! imo. [post 1 of 2....stay tuned]
5-27-2019 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank of Iraq would like to inform all banks that IT IS CONTINUING TO PROVIDE THEM WITH SMALL GROUPS OF THE IRAQI CURRENCY by withdrawing the amounts from the current balances with this bank." These are the 250, 500 and 1000 categories but...they are adding back the 50 category. WOW! This is what we expected. The CBI is slowly phasing-in the other smaller category notes. Actually we expected the 100 category notes next... Will we get the others too shortly? Remember the 50 note is worth a nickel at 1190 rate (.050).
5-27-2019 Intel Guru Eagleone2025 IT IS MY UNDERSTANDING THAT TRUMP HAS SIGNED EVERYTHING TO GET THIS DONE. WE ARE WAITING FOR ACTIVATION OF #...
5-27-2019 Intel Guru MarkZ [via PDK] I have been told that a number of intel providers were given the 800 #s…and yes I verified this information...they are just not allowed to give them out yet…they are waiting for permission to send them out…we are all waiting to send them out sometime today... and we can set appointments to start exchanging tomorrow. They will be all over the place...you will not miss these numbers! We heard that the new rates have been released in Iraq... Hearing the international release in Iraq will be Tuesday. [Any news on the rates?] ...I am not allowed to talk about them. [ Do you believe the RV will happen this year?] I believe it may have already happened…I believe we will see it very soon.
5-27-2019 Newshound Guru MilitiaMan Article quote...Wednesday 20 March 2019: "The Parliamentary Finance Committee is moving in the current legislative session to develop mechanisms to change the monetary and monetary policies in the country, in coordination with the Central Bank of Iraq, aimed at raising the dinar exchange rate and maintaining the stability of inflation." This is from the past that I just went back to find and look what the plan was. That plan is being finished. It is the plan to raise the rate of the IQD...It is the FMA enacted, yesterday...Times are good! imo. [post 1 of 2....stay tuned]
5-27-2019 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank of Iraq would like to inform all banks that IT IS CONTINUING TO PROVIDE THEM WITH SMALL GROUPS OF THE IRAQI CURRENCY by withdrawing the amounts from the current balances with this bank." These are the 250, 500 and 1000 categories but...they are adding back the 50 category. WOW! This is what we expected. The CBI is slowly phasing-in the other smaller category notes. Actually we expected the 100 category notes next... Will we get the others too shortly? Remember the 50 note is worth a nickel at 1190 rate (.050).
5-26-2019 Intel Guru RayRen98 BANKING SEMINARS ARE BEING "PROJECTED" FOR THURSDAY & FRIDAY NEXT WEEK. TIME WILL TELL! BANKING SEMINARS - MEETING WITH BANKS POST RV REGARDING THE TYPES OF SERVICES OFFERED.
5-26-2019 Intel Guru Frank26 AM FILLED WITH JOY DUE TO THE CBI WORDS OF LATE...AM SAD THE NET...SAID NOTHING ABOUT THE PARLIAMENT'S WORDS FROM YESTERDAY...THEY SAID THEY HAVE THE LEGALITIES FOR THEIR CURRENCY TO BE INTERNATIONAL! BUT. IMO. THE WANT OF ONLY A DATE BLINDS...THE LIGHT OF REALITY. WHAT REALITY FRANK26? THE REALITY THAT ...THEY ARE DOING EXACTLY WHAT THEY HAVE AND ARE ...TELLING THE CITIZENS. I AM NOT ASKING ANYONE TO HANG ON TO EVERY WORD I SAY, I AM ASKING EVERYONE TO HANG ON TO EVERY WORD THE CBI IS SAYING...AND NOW EVERY WORD THE PARLIAMENT IS SAYING.
5-26-2019 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank of Iraq has launched the SIFP, which aims to create a regular PARTNERSHIP IN THE FINANCING AND INVESTMENT PROCESS BETWEEN TRADITIONAL AND ISLAMIC BANKS ON THE ONE HAND AND THE PUBLIC AND PRIVATE SECTORS ON THE OTHER HAND" Now it seems to me they are “pulling out all stops” and going to take advantage of everything at their disposal to kickstart their economy. But we know the real reason for the stall. It is the currency. They know it too. Pressure, pressure and more pressure to get the currency reformed. Folks it is just a matter of time for us. Just sit back and relax. They must reinstate the currency soon...
5-26-2019 Intel Guru RayRen98 Parliament announces that all cabinet positions have been filled including the Interior Minister. Names are not yet disclosed, but reportedly Past PM Abadi asserts that the filled positions are crooked politicians and situations are worsened. All below the poverty line have NOT received their 100,000 dinar as promised. Citizens in baghdad are informing us that no rate changes have appeared yet.
5-26-2019 Newshound Guru MilitiaMan Article: "Parliamentary efforts to open the file "currency auction" Having the Financial Law in place is nothing new...nor is it new this year per se, as it was enacted 01/13/2019. The key is the amendments were added now, and are enacted. Get the point? The action is about they have to cease the auctions as we know them to protect the new rate, imo...Wow! The one way street is coming to the end. imo...
5-26-2019 Intel Guru Frank26 AM FILLED WITH JOY DUE TO THE CBI WORDS OF LATE...AM SAD THE NET...SAID NOTHING ABOUT THE PARLIAMENT'S WORDS FROM YESTERDAY...THEY SAID THEY HAVE THE LEGALITIES FOR THEIR CURRENCY TO BE INTERNATIONAL! BUT. IMO. THE WANT OF ONLY A DATE BLINDS...THE LIGHT OF REALITY. WHAT REALITY FRANK26? THE REALITY THAT ...THEY ARE DOING EXACTLY WHAT THEY HAVE AND ARE ...TELLING THE CITIZENS. I AM NOT ASKING ANYONE TO HANG ON TO EVERY WORD I SAY, I AM ASKING EVERYONE TO HANG ON TO EVERY WORD THE CBI IS SAYING...AND NOW EVERY WORD THE PARLIAMENT IS SAYING.
5-26-2019 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank of Iraq has launched the SIFP, which aims to create a regular PARTNERSHIP IN THE FINANCING AND INVESTMENT PROCESS BETWEEN TRADITIONAL AND ISLAMIC BANKS ON THE ONE HAND AND THE PUBLIC AND PRIVATE SECTORS ON THE OTHER HAND" Now it seems to me they are “pulling out all stops” and going to take advantage of everything at their disposal to kickstart their economy. But we know the real reason for the stall. It is the currency. They know it too. Pressure, pressure and more pressure to get the currency reformed. Folks it is just a matter of time for us. Just sit back and relax. They must reinstate the currency soon...
5-26-2019 Intel Guru RayRen98 Parliament announces that all cabinet positions have been filled including the Interior Minister. Names are not yet disclosed, but reportedly Past PM Abadi asserts that the filled positions are crooked politicians and situations are worsened. All below the poverty line have NOT received their 100,000 dinar as promised. Citizens in baghdad are informing us that no rate changes have appeared yet.
5-26-2019 Newshound Guru MilitiaMan Article: "Parliamentary efforts to open the file "currency auction" Having the Financial Law in place is nothing new...nor is it new this year per se, as it was enacted 01/13/2019. The key is the amendments were added now, and are enacted. Get the point? The action is about they have to cease the auctions as we know them to protect the new rate, imo...Wow! The one way street is coming to the end. imo...
5-25-2019 Newshound Guru future for anyone wondering why i was excited to see the FML passed AKA law of financial administration here is a tidbit on why its important Article quote: "...the Committee is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state," pointing out that "the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation In the country". "The Commission is determined to make these changes during the next phase and not to follow the traditional methods are not appropriate at the moment." question is when is the next phase?
5-25-2019 Newshound Guru larrykn I find it funny people look at one thing to make this happen. I still don't see the cabinet seated, which would be security. I still don't see banking laws getting passed. ...here the thing, there is more then one thing, its a process, but I don't think anyone knows what the final thing is to make them move forward...so I just wait and see...but I do like what we are seeing, they are trying anyway.
5-25-2019 Intel Guru RayRen98 I talked with a banking source this morning, they said:
1. "Treasury did NOT instruct them (the banking staff) to report to work today."
2. "Private invitations to exchange should start on Monday and move rapidly." [Yes, I know it's a holiday]
3. "General exchanges should start this week, maybe as early as Tuesday?"
4. "Retail bank locations (the basic branches) would not be utilized for exchange activity."
5-25-2019 Newshound/Intel Guru Mnt Goat However, this time the CBI has gone farther and re-issued the 50 dinar notes too along with the 250, 500 and 1000. This has not been done before. If you can remember way back to 2015 timeframe these 50 dinar notes were discontinued because they were not used and so now they have brought them back. But remember under the 1190 rate they are only worth a nickel (five cents USD) USD. So why bring them back now? Why load the banks with them now...? [post 2 of 2]
5-25-2019 Newshound/Intel Guru Mnt Goat ...we hear new news from the CBI that they are distributing yet more of the 250, 500 and 1000 category notes. WOW! I am excited! ...seems maybe they are moving now slowly and cautiously into the next phase. This move tells us that what they are doing with the electronic banking and elimination of hard currency in circulation of the very large three zero notes is working and emphasis is now all being placed on using the lowest of the already issued lower categories 250, 500 and 1000. [post 1 of 2....stay tuned]
5-25-2019 Intel Guru MarkZ [...are there deadlines we need to pay attention to?] I am being told there are deadlines... When the 800 numbers come out make your apt. ASAP. I am told they want about 10 days after the 800 release for exchanging...
5-25-2019 Newshound Guru larrykn I find it funny people look at one thing to make this happen. I still don't see the cabinet seated, which would be security. I still don't see banking laws getting passed. ...here the thing, there is more then one thing, its a process, but I don't think anyone knows what the final thing is to make them move forward...so I just wait and see...but I do like what we are seeing, they are trying anyway.
5-25-2019 Intel Guru RayRen98 I talked with a banking source this morning, they said:
1. "Treasury did NOT instruct them (the banking staff) to report to work today."
2. "Private invitations to exchange should start on Monday and move rapidly." [Yes, I know it's a holiday]
3. "General exchanges should start this week, maybe as early as Tuesday?"
4. "Retail bank locations (the basic branches) would not be utilized for exchange activity."
5-25-2019 Newshound/Intel Guru Mnt Goat However, this time the CBI has gone farther and re-issued the 50 dinar notes too along with the 250, 500 and 1000. This has not been done before. If you can remember way back to 2015 timeframe these 50 dinar notes were discontinued because they were not used and so now they have brought them back. But remember under the 1190 rate they are only worth a nickel (five cents USD) USD. So why bring them back now? Why load the banks with them now...? [post 2 of 2]
5-25-2019 Newshound/Intel Guru Mnt Goat ...we hear new news from the CBI that they are distributing yet more of the 250, 500 and 1000 category notes. WOW! I am excited! ...seems maybe they are moving now slowly and cautiously into the next phase. This move tells us that what they are doing with the electronic banking and elimination of hard currency in circulation of the very large three zero notes is working and emphasis is now all being placed on using the lowest of the already issued lower categories 250, 500 and 1000. [post 1 of 2....stay tuned]
5-25-2019 Intel Guru MarkZ [...are there deadlines we need to pay attention to?] I am being told there are deadlines... When the 800 numbers come out make your apt. ASAP. I am told they want about 10 days after the 800 release for exchanging...
5-24-2019 Guest Guru future Financial management law is part of the government preparation towards monetary reform...it is indeed a huge part of what we seek.
5-24-2019 Newshound Guru G-Lin Article: "The House of Representatives votes on the Financial Management Law and ends reading the amendment of the provincial and district elections law" ...This FML is a really big deal. It took them a very long time to accomplish it. Apparently over 23 meetings and hundreds of experts including international organizations...I likey.
5-24-2019 Intel Guru Eagleone2025 I HEARD EVERYTHING IS STILL ON TRACK. DAY -BY -DAY. IT IS A PROCESS...MY ASIA CONTACTS ARE HOPEFUL AS THEY ARE WAITING AS WELL. PLEASE UNDERSTAND WE ARE SO VERY CLOSE THIS SHOULD BE DONE VERY SOON. MY HSBC CONTACT IN NY ARE PREPARING FOR A VERY BUSY WEEK. HE TOLD MY THAT EVERYTHING THAT IS BEING SAID WILL COME TOGETHER, HE TOLD ME THIS WILL BE A SIMPLE PROCESS EVERYONE IS WORKING VERY HARD. IT IS VERY CLOSE. THEY ARE HAVE SPECIAL MEETINGS TODAY. HIGH LEVEL
5-24-2019 Intel Guru MarkZ I am feeling awesome today...about how it all should roll out... I had lots of conversations with people in Reno, one in Chicago...people involved with the rollout...I am feeling confident today... I am not under an NDA yet but am hopeful that some of us will be by early evening. That is a big possibility ...Yesterday was a very busy day and everything is positioned and ready. Also was told to expect 800 numbers any time after noon today on the east coast. Many laws in Iraq have been passed this week specifically for the RV...Iraq is not keeping it a secret. [Do you think we will start today or be pushed to after the holiday? Like Tuesday?] I think we are starting this weekend...my connections at redemption centers have been told they are working this weekend.
5-24-2019 Newshound/Intel Guru Mnt Goat ...they are telling us the auctions (the traditional methods) are no longer appropriate for managing their currency. ...it is in the NEXT Phase in which they intend to implement the changes that effect the currency. I assure you it is coming and it may even come even before the end of the year 2020. I surely hope so. All we can is track the progress now of this effort. [post 2 of 2]
5-24-2019 Newshound/Intel Guru Mnt Goat Article quotes: “TO DEVELOP MECHANISMS TO CHANGE THE MONETARY AND MONETARY POLICIES IN THE COUNTRY, in coordination with the Central Bank of Iraq, AIMED AT RAISING THE DINAR EXCHANGE RATE”; “THE CHANGE WILL RAISE THE EXCHANGE RATE OF THE IRAQI DINAR AGAINST FOREIGN CURRENCIES”. How will they do this change in the dinar? Quote: “the Committee is keen to enact the LAW OF FINANCIAL ADMINISTRATION as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state." So we know that the Law of Financial Administration is now key and it does include this monetary change. [post 1 of 2....stay tuned]
5-24-2019 Intel Guru MarkZ [via PDK] [...DO YOU KNOW WHAT BANK TO REDEEM IN CANADA?] Royal Bank of Canada is your clearing house is what I am being told.
5-24-2019 Newshound Guru MilitiaMan Article: "The House of Representatives votes on the Federal Financial Management Act" With the CBI talking about issuing small again from account balances, reeks of the Banks know the rate, as they would need to adjust for equivalency would they not? Imo, they would now know since it passed and what it means. I could imagine the people will now start talking about it and even leaking it out to family, friends, neighbors, roof tops, etc...lol.
5-24-2019 Intel Guru Bruce [via PinkRoses] I am excited because I was given some times today to expect to receive the toll-free numbers...we do have two points of views from major banks that are talking about approximate times for release. One is tonight [Thursday]...and the other...was tomorrow morning [Friday]... we know the Redemption Centers are well prepared. ...staff are prepared to go in for long days for exchanges starting tomorrow. We are very excited about the timing we are in. I do believe that we are looking very strong. ...I do not know if the rates are still pending per se, but I believe they are live. That happened today. I just think we are ready for everything to finish up...
5-24-2019 Newshound Guru Adam Montana [I understand oil is over $60 and Iraq has a lot of oil, but oil is only one of the variables...What about; - a fully seated government - HCL, Art 140, FML - IMF Art 8 - administrative and financial corruption - Iran interventionist - development of private sector - diversification of economy..] OIL is indeed only one of the variables. We don't need everything in the list to be perfectly checked off. [It is quite Impressive the shear volume of good news coming out of Iraq lately.] It IS impressive, and keeps getting better!
5-24-2019 Newshound Guru G-Lin Article: "The House of Representatives votes on the Financial Management Law and ends reading the amendment of the provincial and district elections law" ...This FML is a really big deal. It took them a very long time to accomplish it. Apparently over 23 meetings and hundreds of experts including international organizations...I likey.
5-24-2019 Intel Guru Eagleone2025 I HEARD EVERYTHING IS STILL ON TRACK. DAY -BY -DAY. IT IS A PROCESS...MY ASIA CONTACTS ARE HOPEFUL AS THEY ARE WAITING AS WELL. PLEASE UNDERSTAND WE ARE SO VERY CLOSE THIS SHOULD BE DONE VERY SOON. MY HSBC CONTACT IN NY ARE PREPARING FOR A VERY BUSY WEEK. HE TOLD MY THAT EVERYTHING THAT IS BEING SAID WILL COME TOGETHER, HE TOLD ME THIS WILL BE A SIMPLE PROCESS EVERYONE IS WORKING VERY HARD. IT IS VERY CLOSE. THEY ARE HAVE SPECIAL MEETINGS TODAY. HIGH LEVEL
5-24-2019 Intel Guru MarkZ I am feeling awesome today...about how it all should roll out... I had lots of conversations with people in Reno, one in Chicago...people involved with the rollout...I am feeling confident today... I am not under an NDA yet but am hopeful that some of us will be by early evening. That is a big possibility ...Yesterday was a very busy day and everything is positioned and ready. Also was told to expect 800 numbers any time after noon today on the east coast. Many laws in Iraq have been passed this week specifically for the RV...Iraq is not keeping it a secret. [Do you think we will start today or be pushed to after the holiday? Like Tuesday?] I think we are starting this weekend...my connections at redemption centers have been told they are working this weekend.
5-24-2019 Newshound/Intel Guru Mnt Goat ...they are telling us the auctions (the traditional methods) are no longer appropriate for managing their currency. ...it is in the NEXT Phase in which they intend to implement the changes that effect the currency. I assure you it is coming and it may even come even before the end of the year 2020. I surely hope so. All we can is track the progress now of this effort. [post 2 of 2]
5-24-2019 Newshound/Intel Guru Mnt Goat Article quotes: “TO DEVELOP MECHANISMS TO CHANGE THE MONETARY AND MONETARY POLICIES IN THE COUNTRY, in coordination with the Central Bank of Iraq, AIMED AT RAISING THE DINAR EXCHANGE RATE”; “THE CHANGE WILL RAISE THE EXCHANGE RATE OF THE IRAQI DINAR AGAINST FOREIGN CURRENCIES”. How will they do this change in the dinar? Quote: “the Committee is keen to enact the LAW OF FINANCIAL ADMINISTRATION as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state." So we know that the Law of Financial Administration is now key and it does include this monetary change. [post 1 of 2....stay tuned]
5-24-2019 Intel Guru MarkZ [via PDK] [...DO YOU KNOW WHAT BANK TO REDEEM IN CANADA?] Royal Bank of Canada is your clearing house is what I am being told.
5-24-2019 Newshound Guru MilitiaMan Article: "The House of Representatives votes on the Federal Financial Management Act" With the CBI talking about issuing small again from account balances, reeks of the Banks know the rate, as they would need to adjust for equivalency would they not? Imo, they would now know since it passed and what it means. I could imagine the people will now start talking about it and even leaking it out to family, friends, neighbors, roof tops, etc...lol.
5-24-2019 Intel Guru Bruce [via PinkRoses] I am excited because I was given some times today to expect to receive the toll-free numbers...we do have two points of views from major banks that are talking about approximate times for release. One is tonight [Thursday]...and the other...was tomorrow morning [Friday]... we know the Redemption Centers are well prepared. ...staff are prepared to go in for long days for exchanges starting tomorrow. We are very excited about the timing we are in. I do believe that we are looking very strong. ...I do not know if the rates are still pending per se, but I believe they are live. That happened today. I just think we are ready for everything to finish up...
5-24-2019 Newshound Guru Adam Montana [I understand oil is over $60 and Iraq has a lot of oil, but oil is only one of the variables...What about; - a fully seated government - HCL, Art 140, FML - IMF Art 8 - administrative and financial corruption - Iran interventionist - development of private sector - diversification of economy..] OIL is indeed only one of the variables. We don't need everything in the list to be perfectly checked off. [It is quite Impressive the shear volume of good news coming out of Iraq lately.] It IS impressive, and keeps getting better!
5-23-2019 Intel Guru Delta Article: "The House of Representatives votes on the Federal Financial Management Act" Quote: "The House of Representatives votes on the Federal Financial Management Act and voted the House of Representatives, on Thursday, the Federal Financial Management Act." YES IT DID PASS I DID SEE IT LIVE ON TV...ALL GOOD TO GO...CONGRATS IRAQ...ONE OF THE BEST NEWS...ONE WAY STREET NO WAY BACK...
5-23-2019 Intel Guru MarkZ [via PDK] According to many- we are right on top of this! I got 4 or 5 calls from Reno - the banking side this afternoon and they say “We are sitting on go”. I heard from my contact at the redemption center and they expect to work all weekend. [Is there anything that can stop this at this point?] No…the most that could happen is brief delays… nothing can stop this. I am told there will be no NDA except for...maybe 30 million or more...IMO. I do think we are there…we have all been burned but I am excited tonight…there is a whole lot I am sitting on that I can’t share…but I really think its ending now.
5-23-2019 Newshound Guru Whitelions Article "...The financial management law has been finalized" its done... done...im jumping up and down...this is a big piece.
5-23-2019 Guest Guru future Article: "...The financial management law has been finalized" Quote: "A member of the Finance Committee Majida Tamimi confirmed on Thursday the finalization of the Financial Management Law." [They said they have voted on the FML but im not sure of the outcome] yea said it was finalized but not sure how many readings we need and for it to become law.
5-23-2019 Intel Guru Delta "THE PARLIAMENTARY FINANCE IS COMPLEMENTED BY THE FINANCIAL MANAGEMENT LAW" Quote: "At the end of the meeting, the Chairman of the Committee announced the completion of discussions on the law and readiness to vote in the House of Representatives on Thursday" ...GRAVEYARD SHIFT GET READY FOR TONIGHT...IF THEY PASS IT THEN TIME TO CELEBRATE....
5-23-2019 Newshound Guru MilitiaMan Article: "THE PARLIAMENTARY FINANCE IS COMPLEMENTED BY THE FINANCIAL MANAGEMENT LAW" Quote: "At the end of the meeting, the Chairman of the Committee announced the completion of discussions on the law and readiness to vote in the House of Representatives on Thursday" They clearly seem to have every intention of completion! Mahdi being home makes it appear to me they have structured their moves so very timely with purpose... I can’t imagine even one member doesn’t show for tomorrow’s vote...if I am wrong then there are some seriously wealthy politicians that will looking at some very unhappy constituents taking off their shoes!!
5-23-2019 Intel Guru Frank26 The CBI is doing what they told you they are doing, telling the citizens...get in here and exchange those worn out lower denoms because you will want the new ones...they will co-exist with the new lower categories and the coins, so you will want the new ones that will have more value, because we are going to lift the 3 zeroes from the exchange rate...they remind them that they are running out of time. ...no denial, no change in plan... [post 2 of 2]
5-23-2019 Intel Guru Frank26 Quote: "...to get the old worn out lower denoms out of circulation in order to put them in position with the new replacement lower denoms that will co-exist with the new small category notes and coing that belong to a new exchange rate soon to be given to you for more purchasing power..." ...you see the CBI come out this morning to remind the citizens again that the lower denoms are about to be replaced because they are going to co-exist with the new small category notes, where the exchange rate, the 3 zeroes will be lifted giving you purchasing power. [post 1 of 2....stay tuned]
5-23-2019 Intel Guru MarkZ [via PDK] According to many- we are right on top of this! I got 4 or 5 calls from Reno - the banking side this afternoon and they say “We are sitting on go”. I heard from my contact at the redemption center and they expect to work all weekend. [Is there anything that can stop this at this point?] No…the most that could happen is brief delays… nothing can stop this. I am told there will be no NDA except for...maybe 30 million or more...IMO. I do think we are there…we have all been burned but I am excited tonight…there is a whole lot I am sitting on that I can’t share…but I really think its ending now.
5-23-2019 Newshound Guru Whitelions Article "...The financial management law has been finalized" its done... done...im jumping up and down...this is a big piece.
5-23-2019 Guest Guru future Article: "...The financial management law has been finalized" Quote: "A member of the Finance Committee Majida Tamimi confirmed on Thursday the finalization of the Financial Management Law." [They said they have voted on the FML but im not sure of the outcome] yea said it was finalized but not sure how many readings we need and for it to become law.
5-23-2019 Intel Guru Delta "THE PARLIAMENTARY FINANCE IS COMPLEMENTED BY THE FINANCIAL MANAGEMENT LAW" Quote: "At the end of the meeting, the Chairman of the Committee announced the completion of discussions on the law and readiness to vote in the House of Representatives on Thursday" ...GRAVEYARD SHIFT GET READY FOR TONIGHT...IF THEY PASS IT THEN TIME TO CELEBRATE....
5-23-2019 Newshound Guru MilitiaMan Article: "THE PARLIAMENTARY FINANCE IS COMPLEMENTED BY THE FINANCIAL MANAGEMENT LAW" Quote: "At the end of the meeting, the Chairman of the Committee announced the completion of discussions on the law and readiness to vote in the House of Representatives on Thursday" They clearly seem to have every intention of completion! Mahdi being home makes it appear to me they have structured their moves so very timely with purpose... I can’t imagine even one member doesn’t show for tomorrow’s vote...if I am wrong then there are some seriously wealthy politicians that will looking at some very unhappy constituents taking off their shoes!!
5-23-2019 Intel Guru Frank26 The CBI is doing what they told you they are doing, telling the citizens...get in here and exchange those worn out lower denoms because you will want the new ones...they will co-exist with the new lower categories and the coins, so you will want the new ones that will have more value, because we are going to lift the 3 zeroes from the exchange rate...they remind them that they are running out of time. ...no denial, no change in plan... [post 2 of 2]
5-23-2019 Intel Guru Frank26 Quote: "...to get the old worn out lower denoms out of circulation in order to put them in position with the new replacement lower denoms that will co-exist with the new small category notes and coing that belong to a new exchange rate soon to be given to you for more purchasing power..." ...you see the CBI come out this morning to remind the citizens again that the lower denoms are about to be replaced because they are going to co-exist with the new small category notes, where the exchange rate, the 3 zeroes will be lifted giving you purchasing power. [post 1 of 2....stay tuned]
5-22-2019 Newshound Guru Adam Montana OIL - no problems there! Still solid, still right where we want.
5-22-2019 Intel Guru MarkZ I am not under a NDA yet this morning...We are still in a great spot today. Out of the news from Baghdad…Article: "Parliamentary move to raise the price of the dinar and maintain the stability of inflation" ...this is not a secret...to all you naysayers out there...it is happening... [What makes this week so different] It is so different right now...I have been sitting on news for 2 days that I am not at liberty to share...that’s why I am not worried... [Are the Banks still on High Alert?] ...Unless they make some serious changes I believe you will have an exchange apt. by Friday or at least the numbers to call.
5-22-2019 Guest Guru future Article: "Council Sessions Agenda...May 23, 2019...For the fourth parliamentary session" Quote: "First: Vote on the draft Financial Management Law. (Finance Committee)."; "the financial management law known as the FML or also known as the Law of financial administration is geared toward raising the value of the dinar against foreign currency while maintaining inflation in the country" seems the first vote is on may 23.
5-22-2019 Newshound Guru Adam Montana DINAR - man-oh-man I can’t wait till the day I get to say “THIS IS IT”! Today isn’t that day, but it’s coming! ...In the beginning of all this, I had to seek out contacts...These days, after being in this circle for so long and meeting so many people - things come to me... from people who are much closer to the inner workings of not only the CBI and Iraq in general, but also many other related organizations and entities... I’m explaining this because although I won’t say “I think we’re going to see an RV within XX days”… I AM getting a really strong vibe right now. The timing is getting close, and the opportunity here is real. Stay positive, friends. We may not have as long a wait as some think.
5-22-2019 Intel Guru Bruce [via PinkRoses] We did get some information today that points us toward toll-free number from a very high source coming out quite possibly before lunch tomorrow [Wednesday]. Now if that were to happen, we also believe there is a good possibility to begin our exchanges...So, we are going to have to see how that all comes together, and see if nothing gets in the way, and if nothing is out there is to stop this. Our understanding is the President wanted this to go...as far as we know, we are still within a so-called deadline...we are in a position where I think we will see something happen here very shortly...
5-22-2019 Guest Guru future ...we got the new international trade bank in SA opening up, we have the FML to be voted on to raise the value of the dinar and protect foreign investors, we have new atms coming out that weren't there before, and now the u.s treasury secretary sitting down making sure they are coming online properly electronically...i'd say things are def. heating up...and we had an article from 2014 saying the raising of the dinar was delayed 5 years...interesting timing for 2019. [post 2 of 2]
5-22-2019 Guest Guru future Article: "Halabousi receives Assistant US Treasury Secretary" Quote: "The meeting discussed the promotion of cooperation between Iraq and the United States of America, especially in the economic and financial fields. The meeting was to enhance the prospects of cooperation between the Iraqi and American banks, and the need to develop the Iraqi banking sector and economic reforms through the activation of electronic systems in the exchange of cash..." great news...economic reforms and electronic banking...my belief is iraq raises the value of the dinar goes full on electronic banking than later on introduces a gold backed electronic dinar. "the activation of electronic systems” could explain those new ATMS popping up in the international airport...its all manifesting itself... [post 1 of 2....stay tuned]
5-22-2019 Intel Guru MarkZ I am not under a NDA yet this morning...We are still in a great spot today. Out of the news from Baghdad…Article: "Parliamentary move to raise the price of the dinar and maintain the stability of inflation" ...this is not a secret...to all you naysayers out there...it is happening... [What makes this week so different] It is so different right now...I have been sitting on news for 2 days that I am not at liberty to share...that’s why I am not worried... [Are the Banks still on High Alert?] ...Unless they make some serious changes I believe you will have an exchange apt. by Friday or at least the numbers to call.
5-22-2019 Guest Guru future Article: "Council Sessions Agenda...May 23, 2019...For the fourth parliamentary session" Quote: "First: Vote on the draft Financial Management Law. (Finance Committee)."; "the financial management law known as the FML or also known as the Law of financial administration is geared toward raising the value of the dinar against foreign currency while maintaining inflation in the country" seems the first vote is on may 23.
5-22-2019 Newshound Guru Adam Montana DINAR - man-oh-man I can’t wait till the day I get to say “THIS IS IT”! Today isn’t that day, but it’s coming! ...In the beginning of all this, I had to seek out contacts...These days, after being in this circle for so long and meeting so many people - things come to me... from people who are much closer to the inner workings of not only the CBI and Iraq in general, but also many other related organizations and entities... I’m explaining this because although I won’t say “I think we’re going to see an RV within XX days”… I AM getting a really strong vibe right now. The timing is getting close, and the opportunity here is real. Stay positive, friends. We may not have as long a wait as some think.
5-22-2019 Intel Guru Bruce [via PinkRoses] We did get some information today that points us toward toll-free number from a very high source coming out quite possibly before lunch tomorrow [Wednesday]. Now if that were to happen, we also believe there is a good possibility to begin our exchanges...So, we are going to have to see how that all comes together, and see if nothing gets in the way, and if nothing is out there is to stop this. Our understanding is the President wanted this to go...as far as we know, we are still within a so-called deadline...we are in a position where I think we will see something happen here very shortly...
5-22-2019 Guest Guru future ...we got the new international trade bank in SA opening up, we have the FML to be voted on to raise the value of the dinar and protect foreign investors, we have new atms coming out that weren't there before, and now the u.s treasury secretary sitting down making sure they are coming online properly electronically...i'd say things are def. heating up...and we had an article from 2014 saying the raising of the dinar was delayed 5 years...interesting timing for 2019. [post 2 of 2]
5-22-2019 Guest Guru future Article: "Halabousi receives Assistant US Treasury Secretary" Quote: "The meeting discussed the promotion of cooperation between Iraq and the United States of America, especially in the economic and financial fields. The meeting was to enhance the prospects of cooperation between the Iraqi and American banks, and the need to develop the Iraqi banking sector and economic reforms through the activation of electronic systems in the exchange of cash..." great news...economic reforms and electronic banking...my belief is iraq raises the value of the dinar goes full on electronic banking than later on introduces a gold backed electronic dinar. "the activation of electronic systems” could explain those new ATMS popping up in the international airport...its all manifesting itself... [post 1 of 2....stay tuned]
5-21-2019 Intel Guru Eagleone2025 A LOT IS GOING ON TODAY...MY PHONE HAS BEEN RINGING OFF THE HOOK...MAY 17 -24 IS A GREAT BEGINNING FOR ANOTHER START. WE HOPE IT WILL KEEP GOING AND WE HOPE WE WILL BE IN THE BANKS VERY SOON.
5-21-2019 Intel Guru MarkZ No NDA yet...I am getting leaned on to be very quiet…a number of intel providers are also being leaned on and they have gone quiet. ...I will continue to give you what I believe is safe to share. [who leans on you?] Government contacts and banking contacts... [are you still looking to possibly sign your NDA TODAY?] yes I still think today is very much in play for that today through Thursday...Not a whole lot of movement overnight...we still seem to be stuck on “go”...but, I am not getting any negative news...My contacts at the Redemption Centers are on “stand-by“ and ready . They firmly believe they will be exchanging folks this week. On or before Thursday is what they have been told. I really hope they are right.
5-21-2019 Intel/Newshound Guru tman23 The only possible time Iraq can lift the zeros is start of July (or 2 weeks prior) or start of the New Year (or 2 weeks prior)... July starts the second half of the fiscal year, it was the central bank who said lifting the 3 zeros must be at the start of the New Year and not in the middle of a quarter. But several times they did pass it off till June in delaying the first of the year. NOT rocket science since banks books are adjusted accordingly to these time periods... 4 months and the CBI will have a new governor.
5-21-2019 Newshound/Intel Guru Mnt Goat There is no mention of a scheduled timeframe for voting on the current list of candidates for the last of the four ministers. Coalitions must agree on the candidates of the four ministries vacant, before the beginning of next month June, to avoid constitutional vacuum and legal breach. This is still almost two weeks from now. As usual they will probably play this game right up until the last moment.
5-21-2019 Intel Guru Frank26 Article: "Halabousi receives Assistant US Treasury Secretary" "The meeting was to enhance the prospects of cooperation between the Iraqi and American banks, and the need to develop the Iraqi banking sector and economic reforms through the activation of electronic systems in the exchange of cash..."
5-21-2019 Intel Guru Eagleone2025 JUST TALK TO ASIA CONTACT WAITING HOPEFUL...MILITARY SOURCES ARE LOOKING HAPPY...WE WAIT AS THIS IS CLOSE.
5-21-2019 Intel Guru MarkZ We know we are stinking close...Im giving you all what I am hearing...News was slower today than I expected...we may be looking for a Tuesday or early Wed. event which to me makes the most sense...I am still expecting to be under an NDA at any time...
5-21-2019 Intel Guru MarkZ No NDA yet...I am getting leaned on to be very quiet…a number of intel providers are also being leaned on and they have gone quiet. ...I will continue to give you what I believe is safe to share. [who leans on you?] Government contacts and banking contacts... [are you still looking to possibly sign your NDA TODAY?] yes I still think today is very much in play for that today through Thursday...Not a whole lot of movement overnight...we still seem to be stuck on “go”...but, I am not getting any negative news...My contacts at the Redemption Centers are on “stand-by“ and ready . They firmly believe they will be exchanging folks this week. On or before Thursday is what they have been told. I really hope they are right.
5-21-2019 Intel/Newshound Guru tman23 The only possible time Iraq can lift the zeros is start of July (or 2 weeks prior) or start of the New Year (or 2 weeks prior)... July starts the second half of the fiscal year, it was the central bank who said lifting the 3 zeros must be at the start of the New Year and not in the middle of a quarter. But several times they did pass it off till June in delaying the first of the year. NOT rocket science since banks books are adjusted accordingly to these time periods... 4 months and the CBI will have a new governor.
5-21-2019 Newshound/Intel Guru Mnt Goat There is no mention of a scheduled timeframe for voting on the current list of candidates for the last of the four ministers. Coalitions must agree on the candidates of the four ministries vacant, before the beginning of next month June, to avoid constitutional vacuum and legal breach. This is still almost two weeks from now. As usual they will probably play this game right up until the last moment.
5-21-2019 Intel Guru Frank26 Article: "Halabousi receives Assistant US Treasury Secretary" "The meeting was to enhance the prospects of cooperation between the Iraqi and American banks, and the need to develop the Iraqi banking sector and economic reforms through the activation of electronic systems in the exchange of cash..."
5-21-2019 Intel Guru Eagleone2025 JUST TALK TO ASIA CONTACT WAITING HOPEFUL...MILITARY SOURCES ARE LOOKING HAPPY...WE WAIT AS THIS IS CLOSE.
5-21-2019 Intel Guru MarkZ We know we are stinking close...Im giving you all what I am hearing...News was slower today than I expected...we may be looking for a Tuesday or early Wed. event which to me makes the most sense...I am still expecting to be under an NDA at any time...
5-20-2019 Intel Guru Eagleone2025 [via PDK] I CAN NOT SHARE ALOT...I WAS TOLD BY MY MILITARY CONTACTS AND OTHER OFFICIALS TO KEEP LOW ...I WILL SAY THAT THERE ARE A FEW HIGH LEVEL GUYS WHO TOLD ME THAT THEY WERE SET UP FOR EXCHANGE. DAY BY DAY PROCESS THIS IS A PROCESS...WHEN WILL THE LARGE NUMBER OF PEOPLE GO? I DO NOT KNOW...EAGLE ONE IS NOT UNDER A NDA BUT I KNOW ITS CLOSE. [EAGLEONE Said May 17-24 is a Crucial Window...What say ye?] PEOPLE ARE GETTING PAID...LOOKS LIKE THE INTEL ON MAY 17 -24 WAS GOOD...I WILL SAY A GENERAL WENT IN AND HIS DAY IS SO HAPPY.
5-20-2019 Intel Guru MarkZ [any news on rates?] No news...I can tell you what I believe they may be...what I was told and believe to be accurate... IMO...IQD street rate in the $4’s...Dong $2- $2.25... [So is it time to transfer my TO DO after RV LIST from the stone tablet I first wrote it on to paper?!] LOL yes…according to my friends Fred Flintstone and Barney Rubble...its time...we are really close….imo [post 2 of 2]
5-20-2019 Intel Guru MarkZ [via PDK] I am expecting a very fluid day today...I’m looking for a lot of movement all throughout today... It’s going to be a very busy week guys...a lot is happening... I have been told there are some things I cannot talk about for security reasons. [Any more NDA’s?] Yes...More people now are under NDA's ... My contact in Switzerland went under an NDA on Thursday evening...I am not under one yet guys...I hope to be under an NDA by tomorrow morning... [post 1 of 2....stay tuned]
5-20-2019 Intel/Newshound Guru tman23 Surely every IQD holder knew the Shia militias were a problem and that means IRAN...Last post I made was that on May 6th there was to be a huge transfer of funds paid to US by China. Then out of left field China backed out and change the terms as news reported. ...follow that up with 700 rocket attacks on Israel in one night followed by intelligence of the Iranian threat to US assets. For those that follow the future of China and 'Silk Road" you know of the potential role Iraq plays.
5-20-2019 Newshound/Intel Guru Mnt Goat What does Sadr mean when he says “to give the people back their wealth”? What he means is this. Supposed someone had 2 million dinars before Oct 2003 worth a rate $3+ per dinar (when they decided to convert to the new large 3 zero notes). That was over 6 million US dollars. This 2 million them became almost worthless overnight as the value decreased to about $2,000 US dollars. So, what Sadr is saying is that the people need to regain the value they lost and get back at least their 6 million dollars. Get it? Sadr is not speaking so general as most think. He is very specific in his thinking on this topic... [post 2 of 2]
5-20-2019 Newshound/Intel Guru Mnt Goat ...Moqtada al-Sadr spoke in parliament and stated that he wanted the promised reforms and the “wealth of Iraq given back to the nation”. He is putting pressure on parliament and the GOI to get the reinstatement of the currency, something which is way overdue. There is no reason for this process not to take place other than the corruption going on with the currency auctions and now maybe the Iran fiasco. ...To coincide with Sadr’s efforts we need to watch what the CBI does. They must find a way to curb the corruption in the currency auctions and move ahead with the project to delete the zeros. [post 1 of 2....stay tuned]
5-20-2019 Intel Guru Frank26 The assets of Iraq are incredible...gold, diamonds, oil, food...they've got it. What's interesting is they, IMO, are in international waters.
5-20-2019 Intel Guru MarkZ [any news on rates?] No news...I can tell you what I believe they may be...what I was told and believe to be accurate... IMO...IQD street rate in the $4’s...Dong $2- $2.25... [So is it time to transfer my TO DO after RV LIST from the stone tablet I first wrote it on to paper?!] LOL yes…according to my friends Fred Flintstone and Barney Rubble...its time...we are really close….imo [post 2 of 2]
5-20-2019 Intel Guru MarkZ [via PDK] I am expecting a very fluid day today...I’m looking for a lot of movement all throughout today... It’s going to be a very busy week guys...a lot is happening... I have been told there are some things I cannot talk about for security reasons. [Any more NDA’s?] Yes...More people now are under NDA's ... My contact in Switzerland went under an NDA on Thursday evening...I am not under one yet guys...I hope to be under an NDA by tomorrow morning... [post 1 of 2....stay tuned]
5-20-2019 Intel/Newshound Guru tman23 Surely every IQD holder knew the Shia militias were a problem and that means IRAN...Last post I made was that on May 6th there was to be a huge transfer of funds paid to US by China. Then out of left field China backed out and change the terms as news reported. ...follow that up with 700 rocket attacks on Israel in one night followed by intelligence of the Iranian threat to US assets. For those that follow the future of China and 'Silk Road" you know of the potential role Iraq plays.
5-20-2019 Newshound/Intel Guru Mnt Goat What does Sadr mean when he says “to give the people back their wealth”? What he means is this. Supposed someone had 2 million dinars before Oct 2003 worth a rate $3+ per dinar (when they decided to convert to the new large 3 zero notes). That was over 6 million US dollars. This 2 million them became almost worthless overnight as the value decreased to about $2,000 US dollars. So, what Sadr is saying is that the people need to regain the value they lost and get back at least their 6 million dollars. Get it? Sadr is not speaking so general as most think. He is very specific in his thinking on this topic... [post 2 of 2]
5-20-2019 Newshound/Intel Guru Mnt Goat ...Moqtada al-Sadr spoke in parliament and stated that he wanted the promised reforms and the “wealth of Iraq given back to the nation”. He is putting pressure on parliament and the GOI to get the reinstatement of the currency, something which is way overdue. There is no reason for this process not to take place other than the corruption going on with the currency auctions and now maybe the Iran fiasco. ...To coincide with Sadr’s efforts we need to watch what the CBI does. They must find a way to curb the corruption in the currency auctions and move ahead with the project to delete the zeros. [post 1 of 2....stay tuned]
5-20-2019 Intel Guru Frank26 The assets of Iraq are incredible...gold, diamonds, oil, food...they've got it. What's interesting is they, IMO, are in international waters.
5-19-2019 Newshound Guru G-Lin Article: "Agenda of the session No. (22) Thursday, May 23, 2019" Quote: "First: Vote on the draft Financial Management Law. (Finance Committee)." Vote on FML Thursday I hope.
5-19-2019 Intel Guru Frank26 We can't find any evidence for a delay, we can't find any evidence for no RI. Everywhere you look is nothing but the evidence of an announcement to be made...don't know when. I love what's going on with the Iraqi dinar.
5-19-2019 Intel Guru Frank26 We can't find any evidence for a delay, we can't find any evidence for no RI. Everywhere you look is nothing but the evidence of an announcement to be made...don't know when. I love what's going on with the Iraqi dinar.
5-18-2019 Intel Guru Frank26 I WANTED TO SHARE THE FOLLOWING WITH YOU BECAUSE IF YOU RECALL LAST YEAR WS [Guru Walkingstick] TOLD US THAT THESE ATM'S WERE GOING TO BE PLACED IN STRATEGIC AREAS FOR THE CITIZENS AND THE BORDERS. OUR BROTHER TANK HAS SENT ME THE FOLLOWING...PLEASE ENJOY AND ALSO...PLEASE SMILE. Tank: "Frank, Just coming back into Baghdad, from my 30d of R&R. There is a Master Card ATM here in Baghdad International Airport (BIAP) but it’s not turned on yet. The security personnel here tell me that it will be a while longer before it’s turned on still...Tank"; ; StephenMac63: "imo, they dont drop these machines off and let them sit idle for long...because any location at the airport is major rent...Id bet active in less than a week..."
5-18-2019 Intel Guru RayRen98 BANK CONTACT CALLED LATE LAST NIGHT....SAID GET READY FOR A MONDAY EXCHANGE DAY. TIME WILL TELL...
5-18-2019 Newshound Guru MilitiaMan Another thing to think about is that Alak is the Vice President now of the AMF and will get the seat as President in the next Session. Are we to think he got all his awards, has his name on the new money and gets the nod for highest position at the AMF, second possibly to the IMF with out lifting the value of the IQD? No, He is not going to bring a program rate to drag the other countries down. He will bring value and expertise to the regional trading partners. Lets not forget the amount the AMF exchanges at... It is not a program rate I assure you all imo! ...I agree with [Gurus] Frank(26) and Delta and many others, they are telling us darn near every step they have made. Just not point as point blank and cut and dry as many may want.. But they are.. No delay, just finishing up final touches. imo. [post 2 of 2]
5-18-2019 Newshound Guru MilitiaMan [Referencing WTO Document] ... The part where it says they are members and their status is complete is interesting! Thereby, imo when they lift the exchange rate to trade they, us...as in you and I, the ITB, etc.., will be able to exchange in an international level. Until that happens we wait. ...They will not ever trade internationally at a program rate, nor will they open an operational international Bank in a foreign country using Iraq Dinar with out a significant rate change to reflect international standards and valuation. [post 1 of 2....stay tuned]
5-18-2019 Intel Guru RayRen98 BANK CONTACT CALLED LATE LAST NIGHT....SAID GET READY FOR A MONDAY EXCHANGE DAY. TIME WILL TELL...
5-18-2019 Newshound Guru MilitiaMan Another thing to think about is that Alak is the Vice President now of the AMF and will get the seat as President in the next Session. Are we to think he got all his awards, has his name on the new money and gets the nod for highest position at the AMF, second possibly to the IMF with out lifting the value of the IQD? No, He is not going to bring a program rate to drag the other countries down. He will bring value and expertise to the regional trading partners. Lets not forget the amount the AMF exchanges at... It is not a program rate I assure you all imo! ...I agree with [Gurus] Frank(26) and Delta and many others, they are telling us darn near every step they have made. Just not point as point blank and cut and dry as many may want.. But they are.. No delay, just finishing up final touches. imo. [post 2 of 2]
5-18-2019 Newshound Guru MilitiaMan [Referencing WTO Document] ... The part where it says they are members and their status is complete is interesting! Thereby, imo when they lift the exchange rate to trade they, us...as in you and I, the ITB, etc.., will be able to exchange in an international level. Until that happens we wait. ...They will not ever trade internationally at a program rate, nor will they open an operational international Bank in a foreign country using Iraq Dinar with out a significant rate change to reflect international standards and valuation. [post 1 of 2....stay tuned]
5-17-2019 Intel Guru Eagleone2025 SPECIAL SECURITY MEETING TAKEN PLACE WITH WHITE HOUSE, BANKS, MILITARY OFFICIALS TODAY, SOURCE SAID INTO THE WEEKEND. WHAT I WAS TOLD WAS ABOUT THE RELEASE.
5-17-2019 Intel Guru MarkZ ...I am beyond hopeful that today is the day we get the news...we may not get the money in our pockets yet...but will know when we will...we hope...It will be a pins and needle day today... hopefully they won't drag this out thru the weekend...everything is being put in position for a hell of a launch today? [Are banks on high alert or standby?] Yes they are… [post 2 of 2]
5-17-2019 Intel Guru MarkZ I have gotten no news from Iraq yet today. ...We are at an elevated level of alert today... A couple of, what I call, the “4 horseman” have been moved into position. I cannot share who they are until after the fact. Many others were moved into position to exchange on Monday morning. Some of the folks I know...that I had spent a lot of time with did their NDAs late last night, so I am getting pretty excited...One of my whale contacts is now under an NDA. ...Being under an NDA means they cannot give out any details …they are involved in currency stuff but that is all I can say. [post 1 of 2....stay tuned]
5-17-2019 Intel Guru MarkZ [Mark, can they RV the IQD with all that instability there now? (Pulling US dependents out of Iraq, etc.)] I believe they could still RV and this would allow stability imo…Part of Basel 3 and Basel 3 Banking rules is to remove the politics from the finances. So it would be a major test if they go even with all the instability over there. Many economists believe that region will be much more stable with a stable money.
5-17-2019 Intel Guru Bruce [via PinkRoses] So, here (is) where we are. I told you to keep an eye on things for the next couple of days on Tuesday...We had a couple of false starts where we really thought we were there even yesterday[Wednesday] ...people in the banking industry were trying to profit illegally on one of the currencies...it was officially taken care of today [Thursday]. We are in the clear as far as I know now. ...I am just going to say things are finally ready for this to be released. ...I know I am jacked up tonight [Thursday]...it could come in the morning...before lunchtime. That is the most recent concept we have for it. ...I am ready. I am ready to get started just like you guys are. ...We know the Dong is over $5.00. We know the Dinar is over $8.00...
5-17-2019 Intel Guru MarkZ ...I am beyond hopeful that today is the day we get the news...we may not get the money in our pockets yet...but will know when we will...we hope...It will be a pins and needle day today... hopefully they won't drag this out thru the weekend...everything is being put in position for a hell of a launch today? [Are banks on high alert or standby?] Yes they are… [post 2 of 2]
5-17-2019 Intel Guru MarkZ I have gotten no news from Iraq yet today. ...We are at an elevated level of alert today... A couple of, what I call, the “4 horseman” have been moved into position. I cannot share who they are until after the fact. Many others were moved into position to exchange on Monday morning. Some of the folks I know...that I had spent a lot of time with did their NDAs late last night, so I am getting pretty excited...One of my whale contacts is now under an NDA. ...Being under an NDA means they cannot give out any details …they are involved in currency stuff but that is all I can say. [post 1 of 2....stay tuned]
5-17-2019 Intel Guru MarkZ [Mark, can they RV the IQD with all that instability there now? (Pulling US dependents out of Iraq, etc.)] I believe they could still RV and this would allow stability imo…Part of Basel 3 and Basel 3 Banking rules is to remove the politics from the finances. So it would be a major test if they go even with all the instability over there. Many economists believe that region will be much more stable with a stable money.
5-17-2019 Intel Guru Bruce [via PinkRoses] So, here (is) where we are. I told you to keep an eye on things for the next couple of days on Tuesday...We had a couple of false starts where we really thought we were there even yesterday[Wednesday] ...people in the banking industry were trying to profit illegally on one of the currencies...it was officially taken care of today [Thursday]. We are in the clear as far as I know now. ...I am just going to say things are finally ready for this to be released. ...I know I am jacked up tonight [Thursday]...it could come in the morning...before lunchtime. That is the most recent concept we have for it. ...I am ready. I am ready to get started just like you guys are. ...We know the Dong is over $5.00. We know the Dinar is over $8.00...
5-16-2019 *** Dinar Guru Newsflash *** Major media is reporting "The U.S. State Department has ordered non-emergency employees to leave Iraq amid Iran tensions." Things appear to be escalating quickly in the Middle East. The U.S. has sent an aircraft carrier and bomber planes to the region. Iran is suspected of attacking tankers and other "assets". The U.S. has requested Iraq remove Iranian backed militias from within Iraq...as of yet Iraq has not done so. Hopefully this is a catalyst for peaceful negotiations and the end of logjams...stay tuned as the gurus chime in on the news. The latest guru post will continue below...
5-16-2019 Intel Guru MarkZ We are told 800 numbers are fair game from this evening to tomorrow [Friday] early in the day…We have a lot to watch for overnight tonight...The news has absolutely been fantastic throughout the day and does appear to be winding down to completion... There has been a whole lot of activity today guys. There will be no sleep tonight...
5-16-2019 Newshound Guru Breitling So you can get all the people with the PHD's or whatever background and whatever bull$%&* they wrote and everything else, they will never ever be able to get around that. They just simply can't do it. Their opinion does not count. My opinion actually does not count...that's [what parliament said] never been taken off the table and it never will. It just keeps advancing. Sometimes it might not be as fast as people want and I understand that. If you thought this was a 'get rich quick scheme' then obviously you were wrong. So here we are. It's a great great opportunity. [Post 2 of 2]
5-16-2019 Newshound Guru Breitling If there's lack of information for a couple weeks I'm not shaken and neither should you. Regardless of what everyone else has said or what they thought about the dinar, their opinions. We still stand on the Iraq's parliament specifically went and said to the Minister of Finance, The Ministry of Planning, the CBI and the IMF, 'We want to get the value of our currency to $3.25. First we want to get it to a buck then we want to get it to $3.25.' That language has not once changed... [Post 1 of 2]
5-16-2019 Intel Guru Eagleone2025 TREATY HAVE BEEN SIGNED...THE DONG WILL BE RESTORED...U.S. AGREE TO BRING IT BACK WITHIN 30% OF WHAT IT WAS BEFORE THE VIETNAM WAR...AT THE TIME I THINK IT WAS $2.84...DONG EXCHANGE TODAY IT IS SAID IT WILL BE APPOX. .47- $2.50...TRUMP DID INVEST $31M.
5-16-2019 Newshound Guru Breitling "...Am I reading this correctly?" Absolutely. That's exactly what it is. It's a major major deal for us. But before you get too excited remember it doesn't say when they're going to do it and they don't give us a clear date on the revaluation and all that stuff...Is this a big mess or what? No not at all! If you understand the importance of that [Financial Management Bill] then you're going to be very very happy. For some people it's too technical and it won't sink in but it's a phenomenal position to be in for us and watching what these guys are doing. So they're moving forward. [Post 2 of 2]
5-16-2019 Newshound Guru Breitling There is massive phenomenal news coming out of Iraq...article "The Finance Committee rebuild the of the draft for the Financial Management Bill and announced the establishment of a mechanism to pay off foreign debts warn the committee on the economy and investment to double the value of external debt because of the benefits of them.'" - Question -[ If I'm understanding correctly they're talking about making sure when the rate changes they won't overpay their debts. So they're changing all their rates on their debts. This was the law the CBI was talking about a year ago that needed to happen before they could change the rate...'] [post 1 of 2....stay tuned]
5-16-2019 Newshound/Intel Guru Mnt Goat The news is the same old stuff. No signs of any reinstatement or any news of the project to delete the zeros from the CBI. Remember the CBI pulls the trigger on the reinstatement of the dinar...the US treasury is part of the process and has some say but they are at the tail end of the process and not at the staring gate.
5-16-2019 Intel Guru Eagleone2025 I TALKED WITH ONE OF MY GENERALS...IT WAS VERY GOOD NEWS ABOUT RV... HE TOLD ME WHAT MY HSBC NY CONTACT TOLD ME TODAY...TIME VERY CLOSE...IT LOOK VERY NEAR...HANG IN THERE. DAY BY DAY. MAY 17- 24 THE RELEASE IS GETTING CLOSER.
5-16-2019 Newshound Guru Breitling So you can get all the people with the PHD's or whatever background and whatever bull$%&* they wrote and everything else, they will never ever be able to get around that. They just simply can't do it. Their opinion does not count. My opinion actually does not count...that's [what parliament said] never been taken off the table and it never will. It just keeps advancing. Sometimes it might not be as fast as people want and I understand that. If you thought this was a 'get rich quick scheme' then obviously you were wrong. So here we are. It's a great great opportunity. [Post 2 of 2]
5-16-2019 Newshound Guru Breitling If there's lack of information for a couple weeks I'm not shaken and neither should you. Regardless of what everyone else has said or what they thought about the dinar, their opinions. We still stand on the Iraq's parliament specifically went and said to the Minister of Finance, The Ministry of Planning, the CBI and the IMF, 'We want to get the value of our currency to $3.25. First we want to get it to a buck then we want to get it to $3.25.' That language has not once changed... [Post 1 of 2]
5-16-2019 Intel Guru Eagleone2025 TREATY HAVE BEEN SIGNED...THE DONG WILL BE RESTORED...U.S. AGREE TO BRING IT BACK WITHIN 30% OF WHAT IT WAS BEFORE THE VIETNAM WAR...AT THE TIME I THINK IT WAS $2.84...DONG EXCHANGE TODAY IT IS SAID IT WILL BE APPOX. .47- $2.50...TRUMP DID INVEST $31M.
5-16-2019 Newshound Guru Breitling "...Am I reading this correctly?" Absolutely. That's exactly what it is. It's a major major deal for us. But before you get too excited remember it doesn't say when they're going to do it and they don't give us a clear date on the revaluation and all that stuff...Is this a big mess or what? No not at all! If you understand the importance of that [Financial Management Bill] then you're going to be very very happy. For some people it's too technical and it won't sink in but it's a phenomenal position to be in for us and watching what these guys are doing. So they're moving forward. [Post 2 of 2]
5-16-2019 Newshound Guru Breitling There is massive phenomenal news coming out of Iraq...article "The Finance Committee rebuild the of the draft for the Financial Management Bill and announced the establishment of a mechanism to pay off foreign debts warn the committee on the economy and investment to double the value of external debt because of the benefits of them.'" - Question -[ If I'm understanding correctly they're talking about making sure when the rate changes they won't overpay their debts. So they're changing all their rates on their debts. This was the law the CBI was talking about a year ago that needed to happen before they could change the rate...'] [post 1 of 2....stay tuned]
5-16-2019 Newshound/Intel Guru Mnt Goat The news is the same old stuff. No signs of any reinstatement or any news of the project to delete the zeros from the CBI. Remember the CBI pulls the trigger on the reinstatement of the dinar...the US treasury is part of the process and has some say but they are at the tail end of the process and not at the staring gate.
5-16-2019 Intel Guru Eagleone2025 I TALKED WITH ONE OF MY GENERALS...IT WAS VERY GOOD NEWS ABOUT RV... HE TOLD ME WHAT MY HSBC NY CONTACT TOLD ME TODAY...TIME VERY CLOSE...IT LOOK VERY NEAR...HANG IN THERE. DAY BY DAY. MAY 17- 24 THE RELEASE IS GETTING CLOSER.
5-15-2019 Intel Guru MarkZ I am really hoping Thursday is the day I get to retire. ...People working at redemption centers showed up today... In Iraq they finished everything needed to be accepted into the WTO. ...Tomorrow morning I expect to have lots of news…
5-15-2019 Newshound Guru ChrisC This may be a ridiculous thought, but what if the Fleet is not there because of a particular threat on US assets, but to make sure there is no "boat rocking" during an RI/RV since it will be such an important event that may so drastically affect the future and security of the rest of the world?...Just thinking, because if I was Iran and I knew there were B52 bombers and subs with Tomahawk missiles just waiting to see how big of a hole they could make in something, I would not want to provoke that event. This was a costly event to do based off of "intel" and not response to any action. How long are we going to sit there? Just some thoughts.
5-15-2019 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAN WILL LAUNCH ITS NEWLY-DEVISED INTEGRATED FOREIGN EXCHANGE MARKET NEXT WEEK" ...this “unified currency market” is of course a tactic from Iran in order to circumvent the US sanctions. It will be interesting to see how this all plays out in relation to Iraq and the reinstatement of the dinar, which we all have been waiting for so long.
5-15-2019 Newshound Guru Adam Montana Oil is still strong above $60. Remember I said months ago that $60 was the target? Target reached, stability is being proven on a daily basis, and that is perfect. Any huge spikes or drops would be bad. OIL is solid right now... even with some tensions in the Middle East. This is exactly what we want...It's definitely Ramadan, but I'm still keeping an eye on things. The current situation is just too close to ignore the possibility that things can happen this year despite the normal holiday lull.
5-15-2019 Intel Guru Bruce [via PinkRoses] So, we are very close. Conference calls have been going on continually...This is with the serious decision makers. This was done as the final, I think, opportunity to work out what needed to happen prior to the release. ...I am very excited about that and what transpired today. I think we are in a really good place to finally have this resolved for us. When it comes to rates, I have been asked not to go into rates. So, I do not want to do that. However, I will say that certain currencies have been trading and have been trading up which will be very favorable for us.
5-15-2019 Newshound Guru larrykn [...2020...we will be lucky to see it then.] the way they are moving, I just don't know. Alak was brought in by Maliki, I'm wondering why he is still here now. I was thinking they would have gotten rid of him when Adabi was around. [I know...he is stealing money thru the auctions...like crazy] and that is why I say they need to stop those Auctions...when they do we will see the RV.
5-15-2019 Newshound Guru MilitiaMan [Isn’t there a spoken timeline for the ITBs to open for banking business Mid-May? ...that would put us at this week...] Yes, it is thought that mid May per their words is to be the time frame for an operational branch (i.e., international.) to open in the SA Kingdom in Riyadh...Along with many others thereafter or possible in unison. As I believe even the Rafidain is going to as well open branches in varying countries in the region. We haven’t seen anything to suggest that it is still not the game plan thus far...I am very bullish for this window being mid May...In my opinion, the MR has been on steroids and we are seeing it. Just yesterday they speak of more success in the Financial Inclusion realm...Also, just as the IMF was given a report in regard to the 2018 Surplus on 04/10/2019 right on time. jmtc...So, yes things look great... We watch and wait...
5-15-2019 Newshound Guru ChrisC This may be a ridiculous thought, but what if the Fleet is not there because of a particular threat on US assets, but to make sure there is no "boat rocking" during an RI/RV since it will be such an important event that may so drastically affect the future and security of the rest of the world?...Just thinking, because if I was Iran and I knew there were B52 bombers and subs with Tomahawk missiles just waiting to see how big of a hole they could make in something, I would not want to provoke that event. This was a costly event to do based off of "intel" and not response to any action. How long are we going to sit there? Just some thoughts.
5-15-2019 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAN WILL LAUNCH ITS NEWLY-DEVISED INTEGRATED FOREIGN EXCHANGE MARKET NEXT WEEK" ...this “unified currency market” is of course a tactic from Iran in order to circumvent the US sanctions. It will be interesting to see how this all plays out in relation to Iraq and the reinstatement of the dinar, which we all have been waiting for so long.
5-15-2019 Newshound Guru Adam Montana Oil is still strong above $60. Remember I said months ago that $60 was the target? Target reached, stability is being proven on a daily basis, and that is perfect. Any huge spikes or drops would be bad. OIL is solid right now... even with some tensions in the Middle East. This is exactly what we want...It's definitely Ramadan, but I'm still keeping an eye on things. The current situation is just too close to ignore the possibility that things can happen this year despite the normal holiday lull.
5-15-2019 Intel Guru Bruce [via PinkRoses] So, we are very close. Conference calls have been going on continually...This is with the serious decision makers. This was done as the final, I think, opportunity to work out what needed to happen prior to the release. ...I am very excited about that and what transpired today. I think we are in a really good place to finally have this resolved for us. When it comes to rates, I have been asked not to go into rates. So, I do not want to do that. However, I will say that certain currencies have been trading and have been trading up which will be very favorable for us.
5-15-2019 Newshound Guru larrykn [...2020...we will be lucky to see it then.] the way they are moving, I just don't know. Alak was brought in by Maliki, I'm wondering why he is still here now. I was thinking they would have gotten rid of him when Adabi was around. [I know...he is stealing money thru the auctions...like crazy] and that is why I say they need to stop those Auctions...when they do we will see the RV.
5-15-2019 Newshound Guru MilitiaMan [Isn’t there a spoken timeline for the ITBs to open for banking business Mid-May? ...that would put us at this week...] Yes, it is thought that mid May per their words is to be the time frame for an operational branch (i.e., international.) to open in the SA Kingdom in Riyadh...Along with many others thereafter or possible in unison. As I believe even the Rafidain is going to as well open branches in varying countries in the region. We haven’t seen anything to suggest that it is still not the game plan thus far...I am very bullish for this window being mid May...In my opinion, the MR has been on steroids and we are seeing it. Just yesterday they speak of more success in the Financial Inclusion realm...Also, just as the IMF was given a report in regard to the 2018 Surplus on 04/10/2019 right on time. jmtc...So, yes things look great... We watch and wait...
5-14-2019 Intel Guru MarkZ [Are we hitting the banks today?] I don’t think so…maybe on or before Thursday? A forex person I know thinks we will see the rates on Wed. night for Thursday morning. Bankers still seem to think we will see it this afternoon...they tell me they have been shooting for Tuesday afternoon since last week. Whales have not been paid yet…they were told this week though.
5-14-2019 Newshound/Intel Guru Mnt Goat Reconstruction: We can see...that in Kurdistan region that they are moving ahead with the continuation of the construction of the high-rise buildings. ...Today they are moving ahead with these projects once again building housing units and buildings for businesses. Many of these buildings from 2008 are not completed and occupied already. Many more are being constructed. Kurdistan is not some backward area in the desert. It is a civilized sector of Iraq that is moving ahead into this new century of modernization very quickly. How can they continue with a currency worth just an 8th of a penny? [post 2 of 2]
5-14-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQ'S OIL MINISTER DISCUSSES PLANS TO STRENGTHEN ITS OIL INDUSTRY, DIVERSIFY ITS ECONOMY AND ATTRACT FOREIGN INVESTORS" We know that 80% of Iraq’s economy is dependent on imports from Iran. Two of these major imports are electricity and refined oil products. OIL: In the coming years Iraq has plans to be gas and oil (refined gasoline and diesel fuel) independent from Iran and other suppliers. The oil ministers says Iraq is trying to break away from the dependence on Iran for the supply of these items... ELECTRICITY: We know that the German firm, Siemens and the American firm, General Electric both have major contracts with Iraq to bring up the war torn electric grid... AGRICULTURE: We also know that Iraq is working hard at being independent on agricultural products... [post 1 of 2....stay tuned]
5-14-2019 Newshound Guru MilitiaMan Article: "Financial inclusion and sustainable development" Quote: "...it is very clear that there has been a positive change in the scene Financial and Monetary For the Iraqis, after the launch of the strategy of the Central Bank, and indicators of this positive change..." ...The lack of trust for the Banks is gone now or at least significantly diminishing. They significantly increased the financial coverage and it is still growing. They have been successful in getting the citizens into the banks with large sums of chunky money. ...once they collect the chunky, they will need to issue the smalls. Hence the ATMs will need them, as will vendors of money (greenery?), shops, barbers, restaurants, etc...Don't forget they say this started about a year ago imo, more than that!!
5-14-2019 Intel Guru RayRen98 [What are the latest rates...?] Dinar 3.53, Dong .47...
5-14-2019 Intel Guru MarkZ [is the currency reset going to happen for the vietnamese dong? I don't hear much talk about the Dong.] I absolutely believe the dong will revalue…it is in the same basket as dinar….and Iraq owns a lot of dong in its currency reserves and Vietnam carries
a lot of dinar in their reserves.
5-14-2019 Newshound/Intel Guru Mnt Goat Reconstruction: We can see...that in Kurdistan region that they are moving ahead with the continuation of the construction of the high-rise buildings. ...Today they are moving ahead with these projects once again building housing units and buildings for businesses. Many of these buildings from 2008 are not completed and occupied already. Many more are being constructed. Kurdistan is not some backward area in the desert. It is a civilized sector of Iraq that is moving ahead into this new century of modernization very quickly. How can they continue with a currency worth just an 8th of a penny? [post 2 of 2]
5-14-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQ'S OIL MINISTER DISCUSSES PLANS TO STRENGTHEN ITS OIL INDUSTRY, DIVERSIFY ITS ECONOMY AND ATTRACT FOREIGN INVESTORS" We know that 80% of Iraq’s economy is dependent on imports from Iran. Two of these major imports are electricity and refined oil products. OIL: In the coming years Iraq has plans to be gas and oil (refined gasoline and diesel fuel) independent from Iran and other suppliers. The oil ministers says Iraq is trying to break away from the dependence on Iran for the supply of these items... ELECTRICITY: We know that the German firm, Siemens and the American firm, General Electric both have major contracts with Iraq to bring up the war torn electric grid... AGRICULTURE: We also know that Iraq is working hard at being independent on agricultural products... [post 1 of 2....stay tuned]
5-14-2019 Newshound Guru MilitiaMan Article: "Financial inclusion and sustainable development" Quote: "...it is very clear that there has been a positive change in the scene Financial and Monetary For the Iraqis, after the launch of the strategy of the Central Bank, and indicators of this positive change..." ...The lack of trust for the Banks is gone now or at least significantly diminishing. They significantly increased the financial coverage and it is still growing. They have been successful in getting the citizens into the banks with large sums of chunky money. ...once they collect the chunky, they will need to issue the smalls. Hence the ATMs will need them, as will vendors of money (greenery?), shops, barbers, restaurants, etc...Don't forget they say this started about a year ago imo, more than that!!
5-14-2019 Intel Guru RayRen98 [What are the latest rates...?] Dinar 3.53, Dong .47...
5-14-2019 Intel Guru MarkZ [is the currency reset going to happen for the vietnamese dong? I don't hear much talk about the Dong.] I absolutely believe the dong will revalue…it is in the same basket as dinar….and Iraq owns a lot of dong in its currency reserves and Vietnam carries
a lot of dinar in their reserves.
5-13-2019 Intel Guru Delta Article: "Economist: War on Iran raises the value of the dollar in Iraq..." Quote: "The outbreak of war on Iran, regardless of the position of Iraq, will have an impact on the Iraqi currency to increase the value of the dollar in front of it," said Smeisem, "indicating that" fear of the unknown will increase demand for the US dollar, which will raise its value compared to the Iraqi dinar and thus lead To a decline in the value of the dinar »." MORE GOOD NEWS FOR US ..THEY HAVE TO ACT FASTER NOW...
5-13-2019 Intel Guru Eagleone2025 TUES AT NOON BANKERS WILL BE DONE WITH MEETING… WE HOPE ...THIS IS THE PERFECT STORM FOR RV...I LOOK TO SEE MAY 17-24 CLOSER TO THE OPENING OF THIS CURRENCY DEAL. ALOT OF MOVEMENT GOING ON…THE LOOKS OF THE RV IS VERY STRONG. THE PERFECT STORM IS IN THE WORKS …THE MIDDLE EAST IS FALLING APART.
5-13-2019 Intel Guru Markz I feel it is possible to see 800 numbers at any time when all this starts… watching carefully after noon tomorrow...[will there be a toll-free number for all the banks.] I am told yes...and they will be getting them out to us just as soon as they can because they want your business. I think this is going to be an exciting week on many fronts…I really do expect money in-pocket this week…I really do...Everyone needs to stay calm... I feel we are still in a good place… [post 2 of 2]
5-13-2019 Intel Guru Markz Iraq did not have a new rate yet as of Saturday morning as my contractor contacts expected…but we are still watching for them this week…The folks in Iraq are down right irritated…they were told they would have the new rate Saturday Morning…they want to release it….someone is stopping them…..I feel we can only hold them so long before they say the world be damned…we are doing it now… [post 1 of 2....stay tuned]
5-13-2019 Newshound Guru larrykn ...Iraq needs to get away from the auctions. to much corruption in it. If Iraq could ever agree with each other and get politics out of the way, they might get something done...time will tell if their able too.
5-13-2019 Newshound Guru chattels Article: "Foreign currency markets in Baghdad recorded a stable dollar against the dinar on Sunday, reaching 120,000 dinars on all local exchanges." I think that it is accurate to observe that the market price on the dinar is increasingly now uniform in all Iraqi markets. [Note: You can always find the latest reported CBI official market rate listed in the left column of this page]
5-13-2019 Intel Guru Eagleone2025 TUES AT NOON BANKERS WILL BE DONE WITH MEETING… WE HOPE ...THIS IS THE PERFECT STORM FOR RV...I LOOK TO SEE MAY 17-24 CLOSER TO THE OPENING OF THIS CURRENCY DEAL. ALOT OF MOVEMENT GOING ON…THE LOOKS OF THE RV IS VERY STRONG. THE PERFECT STORM IS IN THE WORKS …THE MIDDLE EAST IS FALLING APART.
5-13-2019 Intel Guru Markz I feel it is possible to see 800 numbers at any time when all this starts… watching carefully after noon tomorrow...[will there be a toll-free number for all the banks.] I am told yes...and they will be getting them out to us just as soon as they can because they want your business. I think this is going to be an exciting week on many fronts…I really do expect money in-pocket this week…I really do...Everyone needs to stay calm... I feel we are still in a good place… [post 2 of 2]
5-13-2019 Intel Guru Markz Iraq did not have a new rate yet as of Saturday morning as my contractor contacts expected…but we are still watching for them this week…The folks in Iraq are down right irritated…they were told they would have the new rate Saturday Morning…they want to release it….someone is stopping them…..I feel we can only hold them so long before they say the world be damned…we are doing it now… [post 1 of 2....stay tuned]
5-13-2019 Newshound Guru larrykn ...Iraq needs to get away from the auctions. to much corruption in it. If Iraq could ever agree with each other and get politics out of the way, they might get something done...time will tell if their able too.
5-13-2019 Newshound Guru chattels Article: "Foreign currency markets in Baghdad recorded a stable dollar against the dinar on Sunday, reaching 120,000 dinars on all local exchanges." I think that it is accurate to observe that the market price on the dinar is increasingly now uniform in all Iraqi markets. [Note: You can always find the latest reported CBI official market rate listed in the left column of this page]
5-12-2019 Intel Guru Delta Article: "The parliamentary economy warns of the doubling of external debt because of the benefits ... Finance Committee reveals the "Zora" details of the Financial Management Law and announce a mechanism for debt repayment" Quote: "...committee awaiting the report of the Economic Adviser to the Minister of Finance Kamal Al-Basri to put the finishing touches on the law to be ready for legislation." THEY ARE WAITING FOR THE RATE... RATE WILL COME FIRST BEFORE PASSING THE LAW...IMO.
5-12-2019 Newshound Guru Chattels We are now almost one year and counting on the formation of a completed government / cabinet in Iraq.
5-12-2019 Newshound Guru Kaperoni Floating the currency is not a requirement but with the influx of capital expected through Iraq's banking system it will create inflationary pressure. If they don't float inflation will start to rise throughout Iraq. Floating the currency is a tool the CBI uses to counter inflation.
5-12-2019 Newshound Guru Chattels We are now almost one year and counting on the formation of a completed government / cabinet in Iraq.
5-12-2019 Newshound Guru Kaperoni Floating the currency is not a requirement but with the influx of capital expected through Iraq's banking system it will create inflationary pressure. If they don't float inflation will start to rise throughout Iraq. Floating the currency is a tool the CBI uses to counter inflation.
5-11-2019 Intel Guru Eagleone2025 [via PDK] BANK MEETINGS ARE STILL GOING ON EUROPE AND ASIA.... THERE IS THREE HEADS FROM EUROPE HAVING MEETINGS IN REGARD TO THIS RV.
5-11-2019 Intel Guru MarkZ [via PDK] I do not have an update from Iraq…Cannot get in touch with any contacts there …our contractors there were expecting a street rate of $3.63 starting today. ...I believe we are finally about to cross the finish line!
5-11-2019 Newshound Guru MilitiaMan This reform is not just about us, it is about effecting the lives of not only millions of people but, billions of people! imo. Everyone knows Iraq is ready now. It is imo go time now. The King of Saudi Arabia, imo gave his blessing to have the Iraq Trade Bank be the first International Trade bank for Iraq to show case on his soil. I highly doubt that they miss that time line. Big money doesn't like to wait long. They would most likely also like to see stability with the Iraq Monetary reforms prior to the opening of said international branch. I don't believe in what I see they have any intentions of being late to the party. Alak has the keys to the AMF. Lets see what happens with the trade deal in the short term while we watch the next move. [post 2 of 2]
5-11-2019 Newshound Guru MilitiaMan Article: "The International Monetary Fund sets out 3 structural measures to reform Iraq's finances, including wages and electricity" ...they are not only involved now during the process but have been very active in the implementation phase we are in now. ...My view is this was ready to go yesterday, and it still is today through the opening of the Iraq Trade Bank by or around mid May. Imo The Futures market this last Sunday and other markets reflected a move by the USA in the trade deal realm and that was a clear shot across the bow to China, imo. Now we see the key player coming back to the table at the end of the week... [post 1 of 2....stay tuned]
5-11-2019 Newshound/Intel Guru Mnt Goat ...this is still a MAJOR concern since Sadr gave Mahdi until June 1st to form the government. The question is does he have enough support to hold a “no confidence” vote and change out the PM? There is no firm target date to vote on the remaining 4 ministers. We still wait for any more news
5-11-2019 Intel Guru MarkZ [via PDK] I do not have an update from Iraq…Cannot get in touch with any contacts there …our contractors there were expecting a street rate of $3.63 starting today. ...I believe we are finally about to cross the finish line!
5-11-2019 Newshound Guru MilitiaMan This reform is not just about us, it is about effecting the lives of not only millions of people but, billions of people! imo. Everyone knows Iraq is ready now. It is imo go time now. The King of Saudi Arabia, imo gave his blessing to have the Iraq Trade Bank be the first International Trade bank for Iraq to show case on his soil. I highly doubt that they miss that time line. Big money doesn't like to wait long. They would most likely also like to see stability with the Iraq Monetary reforms prior to the opening of said international branch. I don't believe in what I see they have any intentions of being late to the party. Alak has the keys to the AMF. Lets see what happens with the trade deal in the short term while we watch the next move. [post 2 of 2]
5-11-2019 Newshound Guru MilitiaMan Article: "The International Monetary Fund sets out 3 structural measures to reform Iraq's finances, including wages and electricity" ...they are not only involved now during the process but have been very active in the implementation phase we are in now. ...My view is this was ready to go yesterday, and it still is today through the opening of the Iraq Trade Bank by or around mid May. Imo The Futures market this last Sunday and other markets reflected a move by the USA in the trade deal realm and that was a clear shot across the bow to China, imo. Now we see the key player coming back to the table at the end of the week... [post 1 of 2....stay tuned]
5-11-2019 Newshound/Intel Guru Mnt Goat ...this is still a MAJOR concern since Sadr gave Mahdi until June 1st to form the government. The question is does he have enough support to hold a “no confidence” vote and change out the PM? There is no firm target date to vote on the remaining 4 ministers. We still wait for any more news
5-10-2019 Intel Guru MarkZ ...everyone I’ve talked to so far today says today will be a big day to watch…maybe to get it all...so we are watching everything closely... There really has been some fantastic news...a lot of it I cannot share...I know how frustrating it is to hear that… We do have news out of Iraq...hearing the new rate has gone live or is about to go live...My people on the ground there expect a rate of $3.63 in Iraq by tomorrow morning ...this from some good sources over there--- contractors...and this rate came from a contractor publication in Iraq...This is the rate they will be paying their employees... This to me is pretty exciting... I would not share any rates that have not already been published…I am simply telling you what a person there saw in print. This may also be the street rate in Iraq that may release tomorrow as well...
5-10-2019 Newshound Guru Adam Montana Ramadan is officially under way, and for once in this wild ride... I'm very pleased to see how things are moving. OF COURSE there are going to be snippets about things being pushed back to outside of Ramadan, but we're not even a week in and we are already seeing a difference. Not only are Parliament meetings continuing as of tomorrow (Saturday), but we're finally talking about OIL! OIL has been missing from the news over the last couple months, and I was expecting it to resurface shortly. It is unusual, but not surprising, to see it popping up now. I say it's not surprising because even though it's Ramadan, the timing is right. This time around, they may just surprise us.
5-10-2019 Newshound Guru Kaperoni They can float anytime. Moving to Article VIII only means the CBI and its banking system meets a level of compliance equal to the rest of worlds banking system. Thus should make the dinar more acceptable worldwide. Investment laws need to be passed still. In order for the investment community to put money in Iraq to rebuild they need laws, stability and validation from the IMF. When investors to come it will create pressure on the banking system allowing the currency to raise in value. So the bottom line is ...until they have a private sector (laws), and move to Article VIII to open the banking system, investors will not come and with no investment the dinar will stay where it is.
5-10-2019 Intel Guru Bruce I am under the impression that the trade agreement [China] might have been some form of leverage with the RV GCR or visa versa. I know it is in play. So, I believe what we are doing is right there with the possibility of notification within hours to days. We are very close. ...I am really psyched where we are and what is happening. ...I do not know if the weekend would be as promising for us, but certainly pretty soon. [post 2 of 2]
5-10-2019 Intel Guru Bruce Where we are...is so close that I have even been informed not to say certain things. That almost never happens to me. ...I will say this. We have word that the currencies are trading. A lot of people can not see what the rates are...those currencies that we have talked about are being traded quite a bit on the screens, behind the scenes as you can say. They are trading so they can move up in value. That is all very good and should help everybody to get the kind of currency exchange that they were hoping for. [post 1 of 2....stay tuned]
5-10-2019 Intel Guru Bluwolf ...we are about to give you the good news, just be prudent and patient for a little bit more. ...They [banks] have been placed on high alert and have been instructed to perform on a minute's notice. The time to see this is in the NOW and all securities worldwide have been put on this alert status. We are now looking into what might be left from the crooked and banksters. All banks are Basel 3-4 compliant... Iraq borders are now locked in and all that needed to be announced is now a reality.
5-10-2019 Newshound Guru larrykn Article: "In response to a request by the Anti-Corruption Council .. Baghdad today announced its readiness to provide documents reveal a major smuggling of money through the sale of currency auction" they really need to get rid of those auctions. [...auctions appear to be the center of underworld.] they always have been, until they get rid of them they will always have corruptions and that is why they need to revalue their currency and only have the dinar in their country.
5-10-2019 Newshound Guru Adam Montana Ramadan is officially under way, and for once in this wild ride... I'm very pleased to see how things are moving. OF COURSE there are going to be snippets about things being pushed back to outside of Ramadan, but we're not even a week in and we are already seeing a difference. Not only are Parliament meetings continuing as of tomorrow (Saturday), but we're finally talking about OIL! OIL has been missing from the news over the last couple months, and I was expecting it to resurface shortly. It is unusual, but not surprising, to see it popping up now. I say it's not surprising because even though it's Ramadan, the timing is right. This time around, they may just surprise us.
5-10-2019 Newshound Guru Kaperoni They can float anytime. Moving to Article VIII only means the CBI and its banking system meets a level of compliance equal to the rest of worlds banking system. Thus should make the dinar more acceptable worldwide. Investment laws need to be passed still. In order for the investment community to put money in Iraq to rebuild they need laws, stability and validation from the IMF. When investors to come it will create pressure on the banking system allowing the currency to raise in value. So the bottom line is ...until they have a private sector (laws), and move to Article VIII to open the banking system, investors will not come and with no investment the dinar will stay where it is.
5-10-2019 Intel Guru Bruce I am under the impression that the trade agreement [China] might have been some form of leverage with the RV GCR or visa versa. I know it is in play. So, I believe what we are doing is right there with the possibility of notification within hours to days. We are very close. ...I am really psyched where we are and what is happening. ...I do not know if the weekend would be as promising for us, but certainly pretty soon. [post 2 of 2]
5-10-2019 Intel Guru Bruce Where we are...is so close that I have even been informed not to say certain things. That almost never happens to me. ...I will say this. We have word that the currencies are trading. A lot of people can not see what the rates are...those currencies that we have talked about are being traded quite a bit on the screens, behind the scenes as you can say. They are trading so they can move up in value. That is all very good and should help everybody to get the kind of currency exchange that they were hoping for. [post 1 of 2....stay tuned]
5-10-2019 Intel Guru Bluwolf ...we are about to give you the good news, just be prudent and patient for a little bit more. ...They [banks] have been placed on high alert and have been instructed to perform on a minute's notice. The time to see this is in the NOW and all securities worldwide have been put on this alert status. We are now looking into what might be left from the crooked and banksters. All banks are Basel 3-4 compliant... Iraq borders are now locked in and all that needed to be announced is now a reality.
5-10-2019 Newshound Guru larrykn Article: "In response to a request by the Anti-Corruption Council .. Baghdad today announced its readiness to provide documents reveal a major smuggling of money through the sale of currency auction" they really need to get rid of those auctions. [...auctions appear to be the center of underworld.] they always have been, until they get rid of them they will always have corruptions and that is why they need to revalue their currency and only have the dinar in their country.
5-9-2019 Intel Guru DELTA Article: "The Minister of Oil: Very soon we sign the project of southern Iraq integrated" Quote: "Oil Minister Thamer Ghadhban said on Wednesday he expected his ministry to sign a preliminary agreement with ExxonMobil and PetroChina of China "very soon," but gave no exact date." YES IT'S A DONE DEAL...CONTRACT FOR 30 YEARS WORTH 35 BILLION DOLLAR
5-9-2019 Intel Guru RAYREN98 ...got an update from banks. They are no longer on standby, so once again we wait. Let’s see what happens this week.
5-9-2019 Intel Guru Eagleone2025 ["IS THE RV REAL?"] IF THIS WAS NOT TRUE, WHY WOULD I BE SITTING IN ROOMS WITH FOUR STAR GENERALS AND HIGH GOVT. OFFICIALS? I KNOW WHERE MY INTEL COMES FROM. IT DOES NOT COME FROM THE DINAR WORLD, EVEN THOUGH THE DINAR WORLD IS SOMEWHAT GOOD. MY INTEL COMES FROM GENERALS AND HIGH-LEVEL OPS. SO I WILL NOT GIVE ANYTHING UNLESS IT'S SURE. NOTHING IS 100% SURE UNTIL WE ARE IN THE BANKS. [post 2 of 2]
5-9-2019 Intel Guru Eagleone2025 THERE IS A LOT OF MISINFO TRYING TO BRING DOWN MARK [GURU MARKZ] AND OTHERS. CONFUSION IS RISING. DO NOT PANIC. THIS WINDOW IS CLOSING TONIGHT AT MIDNIGHT. WE ARE ON A DAY BY DAY GO. WE TALKED ABOUT DIFFERENT WINDOW. THERE ARE SEASON (REASONS?) FOR HIGH ALERT. JUST STAY CALM. IT'S IN THE WORKS. REMEMBER IT'S A PROCESS. [post 1 of 2....sty tuned]
5-9-2019 Intel Guru MarkZ No bad news but the news is all over the place. Everything from two-day delay, to it's going right now. The news has been pretty solid from the sources I listen to. ...I heard there could be a short hold on the dinar. Try to stay calm.
5-9-2019 Newshound/Intel Guru Mnt Goat This means the need to reinstate it and put it on the planned “free float” just like all other currencies on the open trading platform. The IMF wants the investors to drive the rate and keep it stable. They say that Iraq is now ready and so why are they waiting? We know why they are waiting. It is due to all the corruption in the currency auctions and the reluctant to end them, as they are today... [post 2 of 2]
5-9-2019 Newshound/Intel Guru Mnt Goat There is talk that the PM Mahdi has said he will reinstate the dinar by June 1st. I have absolutely no evidence that he has said this. Yes, indirectly he has made reference to the economy getting better by June but this could mean lots of things. He also said the ministers would be competed by June. ...But we do know the IMF wants Iraq and the CBI to move ahead and reinstatement and “free their exchange rate”. They have said to directly to the government and this was reported by the news media. [post 1 of 2....stay tuned]
5-9-2019 Intel Gurus Frank26 & Delta [...if the Emir of China is going to DC and they do actually make a deal this week then i believe we could see what we seek on Sunday...all imo]
Frank26: I...SECOND THAT EMOTION...
DELTA: I...THIRD THAT...
5-9-2019 Intel Guru RAYREN98 ...got an update from banks. They are no longer on standby, so once again we wait. Let’s see what happens this week.
5-9-2019 Intel Guru Eagleone2025 ["IS THE RV REAL?"] IF THIS WAS NOT TRUE, WHY WOULD I BE SITTING IN ROOMS WITH FOUR STAR GENERALS AND HIGH GOVT. OFFICIALS? I KNOW WHERE MY INTEL COMES FROM. IT DOES NOT COME FROM THE DINAR WORLD, EVEN THOUGH THE DINAR WORLD IS SOMEWHAT GOOD. MY INTEL COMES FROM GENERALS AND HIGH-LEVEL OPS. SO I WILL NOT GIVE ANYTHING UNLESS IT'S SURE. NOTHING IS 100% SURE UNTIL WE ARE IN THE BANKS. [post 2 of 2]
5-9-2019 Intel Guru Eagleone2025 THERE IS A LOT OF MISINFO TRYING TO BRING DOWN MARK [GURU MARKZ] AND OTHERS. CONFUSION IS RISING. DO NOT PANIC. THIS WINDOW IS CLOSING TONIGHT AT MIDNIGHT. WE ARE ON A DAY BY DAY GO. WE TALKED ABOUT DIFFERENT WINDOW. THERE ARE SEASON (REASONS?) FOR HIGH ALERT. JUST STAY CALM. IT'S IN THE WORKS. REMEMBER IT'S A PROCESS. [post 1 of 2....sty tuned]
5-9-2019 Intel Guru MarkZ No bad news but the news is all over the place. Everything from two-day delay, to it's going right now. The news has been pretty solid from the sources I listen to. ...I heard there could be a short hold on the dinar. Try to stay calm.
5-9-2019 Newshound/Intel Guru Mnt Goat This means the need to reinstate it and put it on the planned “free float” just like all other currencies on the open trading platform. The IMF wants the investors to drive the rate and keep it stable. They say that Iraq is now ready and so why are they waiting? We know why they are waiting. It is due to all the corruption in the currency auctions and the reluctant to end them, as they are today... [post 2 of 2]
5-9-2019 Newshound/Intel Guru Mnt Goat There is talk that the PM Mahdi has said he will reinstate the dinar by June 1st. I have absolutely no evidence that he has said this. Yes, indirectly he has made reference to the economy getting better by June but this could mean lots of things. He also said the ministers would be competed by June. ...But we do know the IMF wants Iraq and the CBI to move ahead and reinstatement and “free their exchange rate”. They have said to directly to the government and this was reported by the news media. [post 1 of 2....stay tuned]
5-9-2019 Intel Gurus Frank26 & Delta [...if the Emir of China is going to DC and they do actually make a deal this week then i believe we could see what we seek on Sunday...all imo]
Frank26: I...SECOND THAT EMOTION...
DELTA: I...THIRD THAT...
5-8-2019 Newshound/Intel Guru Mnt Goat "IMF STAFF COMPLETES 2019 ARTICLE IV MISSION ON IRAQ" This is the article IV consultation session we have been waiting for since last year and it was postponed twice in 2018. We knew any reinstatement could not occur outside of the early January-march period without this last consultation. Now we have it. ...Am I saying the reinstatement is now free to go? No, there are still approvals and the will of the CBI and the Finance Committee to approve it and go ahead. There are no signs they intend to do this now. But at least now we know we are getting closer and there are possibilities.
5-8-2019 Intel Guru MarkZ [So the RV has started- just hasnt gotten to our turn yet?] Yes... When i came into this 10+ years ago i was told it was supposed to be happening then!!! I have hung in here and ...i am still here and at this point i am very happy that it hasn't happened sooner because we would not have learned the things we have to better protect ourselves. Feel confident now and looking forward to this process finally coming to an end!!!
5-8-2019 Intel Guru Eagleone2025 RUSSIA IS MOVING ITS WAR SHIPS INTO THE MIDDLE EAST B-52 ON STAND BY. ALL MILITARY TEAMS ARE IN PLACE IN MIDDLE EAST THERE IS STILL A LOT OF NAVAL FORCE MOVEMENT. THIS IS THE PERFECT STORM FOR THE RV. REMEMBER THIS IS JUST A PROCESS THE INTEL IS VERY SLOW THIS MORNING. MILITARY OPERATION ARE IN THE WORKS. THERE IS A LOT OF MOVEMENT… WHITE HOUSE DEAL ARE LOOKING VERY GOOD ….CHINA AND TRUMP ARE A LOT AHEAD THEN THE NEWS STATES. DEALS ARE BEING DONE. BANK MEETINGS ARE GOING ON …. HSBC AND TREASURY OFFICIALS ARE WORKING OUT PROCESS TODAY.... MEETING INTO THIS EVENING. SIT TIGHT.
5-8-2019 Newshound Guru MilitiaMan Article: "URGENT Pompeo arrives in Baghdad to meet Abdul-Mahdi and Foreign Minister" With this now urgent article showing Pompeo in Iraq for a short and sweet visit, fits the bill imo!
5-8-2019 Intel Guru Frank26 ...So they don't show up... So Trump says ok we're jacking you up from 10% to 25% on your tarriffs by this coming Friday. So China says ok we'll be there. The next thing we know Pompeo shows up in Iraq...he says we're getting some things done...China's almost done. There's a combination of China, the USA, Iraq and Iran...that is going to open a lock to the Re-Instatement of the Iraqi dinar. [post 2 of 2]
5-8-2019 Intel Guru Frank26 IMO, I believe the President of the U.S. is in control of the whole RI of the Iraqi dinar & his dealings with China because they're digging up Iraq...not just with China but with others that are working with Donald Trump. So he tells China get your financial negotiator here...we have got to do some things and finalize it with you regarding Iraq ...because I have business to do with Iraq and you're postponing it. [post 1 of 2....stay tuned]
5-8-2019 Intel Guru Bruce We have certain countries like Japan, like the United States, and a few other countries that are already Basel 4 compliant. The countries that are Basel 3 compliant are good to go for the exchanges. If a country is not Basel 3 compliant is a go around. It is a work around, go around until they are. So, everything is really moving along really excellently this time. I am ready for this to start and go just as everybody else...Have everything ready to go because this is finally looking like it is our time. [post 2 of 2]
5-8-2019 Intel Guru Bruce What is really interesting a lot has been happening, but we have been in a slow and soft roll out of this RV GCR. ...What also happened yesterday is we had brand new live rates of the currencies on the screens... Now I have heard of a few rates. I cannot give rates this time. They do not want those out there, but I can tell you if you remember the last time when we talked about the Dinar is higher than it was then. Iraq should put out tomorrow this final disclosure in the Gazette of whatever they are doing with their Parliament, and quite possibly their new rate on the Iraqi Dinar. Least that is supposed to happen on Wednesday which is their day to publish their official Gazette, their official record. [post 1 of 2....stay tuned]
5-8-2019 Intel Guru MarkZ [So the RV has started- just hasnt gotten to our turn yet?] Yes... When i came into this 10+ years ago i was told it was supposed to be happening then!!! I have hung in here and ...i am still here and at this point i am very happy that it hasn't happened sooner because we would not have learned the things we have to better protect ourselves. Feel confident now and looking forward to this process finally coming to an end!!!
5-8-2019 Intel Guru Eagleone2025 RUSSIA IS MOVING ITS WAR SHIPS INTO THE MIDDLE EAST B-52 ON STAND BY. ALL MILITARY TEAMS ARE IN PLACE IN MIDDLE EAST THERE IS STILL A LOT OF NAVAL FORCE MOVEMENT. THIS IS THE PERFECT STORM FOR THE RV. REMEMBER THIS IS JUST A PROCESS THE INTEL IS VERY SLOW THIS MORNING. MILITARY OPERATION ARE IN THE WORKS. THERE IS A LOT OF MOVEMENT… WHITE HOUSE DEAL ARE LOOKING VERY GOOD ….CHINA AND TRUMP ARE A LOT AHEAD THEN THE NEWS STATES. DEALS ARE BEING DONE. BANK MEETINGS ARE GOING ON …. HSBC AND TREASURY OFFICIALS ARE WORKING OUT PROCESS TODAY.... MEETING INTO THIS EVENING. SIT TIGHT.
5-8-2019 Newshound Guru MilitiaMan Article: "URGENT Pompeo arrives in Baghdad to meet Abdul-Mahdi and Foreign Minister" With this now urgent article showing Pompeo in Iraq for a short and sweet visit, fits the bill imo!
5-8-2019 Intel Guru Frank26 ...So they don't show up... So Trump says ok we're jacking you up from 10% to 25% on your tarriffs by this coming Friday. So China says ok we'll be there. The next thing we know Pompeo shows up in Iraq...he says we're getting some things done...China's almost done. There's a combination of China, the USA, Iraq and Iran...that is going to open a lock to the Re-Instatement of the Iraqi dinar. [post 2 of 2]
5-8-2019 Intel Guru Frank26 IMO, I believe the President of the U.S. is in control of the whole RI of the Iraqi dinar & his dealings with China because they're digging up Iraq...not just with China but with others that are working with Donald Trump. So he tells China get your financial negotiator here...we have got to do some things and finalize it with you regarding Iraq ...because I have business to do with Iraq and you're postponing it. [post 1 of 2....stay tuned]
5-8-2019 Intel Guru Bruce We have certain countries like Japan, like the United States, and a few other countries that are already Basel 4 compliant. The countries that are Basel 3 compliant are good to go for the exchanges. If a country is not Basel 3 compliant is a go around. It is a work around, go around until they are. So, everything is really moving along really excellently this time. I am ready for this to start and go just as everybody else...Have everything ready to go because this is finally looking like it is our time. [post 2 of 2]
5-8-2019 Intel Guru Bruce What is really interesting a lot has been happening, but we have been in a slow and soft roll out of this RV GCR. ...What also happened yesterday is we had brand new live rates of the currencies on the screens... Now I have heard of a few rates. I cannot give rates this time. They do not want those out there, but I can tell you if you remember the last time when we talked about the Dinar is higher than it was then. Iraq should put out tomorrow this final disclosure in the Gazette of whatever they are doing with their Parliament, and quite possibly their new rate on the Iraqi Dinar. Least that is supposed to happen on Wednesday which is their day to publish their official Gazette, their official record. [post 1 of 2....stay tuned]
5-7-2019 Intel Guru AdminBill ...Still looking for good things in the near future.
5-7-2019 Intel Guru MarkZ If I was just a currency holder I wouldn’t look for action until tomorrow. Tomorrow is going to be a big day…imo. [Are rates locked in?] I am told they are absolutely locked in and set. I do not know what the final rates are and I have been told not to talk about rates anymore. My CBI contact is very exceptionally frustrated…they expected a release the Thursday before last…then IMF wanted more documentation …they got that done…and have been ready all week waiting for the IMF to release...They say it’s still an “anytime now” scenario...the news has been exceptionally good…I am feeling very good about where we are today.
5-7-2019 Newshound Guru larrykn [i thought Mahdi has had pressure put on him before june] I'm not sure about June but it will happen...they have a lot to do and I just don't see June is having enough time to get it done. I believe this will happen, otherwise I wouldn't be here...this will happen its just a process, it will come.
5-7-2019 Intel Guru Frank26 [via Clare] IT'S ABOUT TO GET REAL...FAST!...
5-7-2019 Intel Guru MarkZ If I was just a currency holder I wouldn’t look for action until tomorrow. Tomorrow is going to be a big day…imo. [Are rates locked in?] I am told they are absolutely locked in and set. I do not know what the final rates are and I have been told not to talk about rates anymore. My CBI contact is very exceptionally frustrated…they expected a release the Thursday before last…then IMF wanted more documentation …they got that done…and have been ready all week waiting for the IMF to release...They say it’s still an “anytime now” scenario...the news has been exceptionally good…I am feeling very good about where we are today.
5-7-2019 Newshound Guru larrykn [i thought Mahdi has had pressure put on him before june] I'm not sure about June but it will happen...they have a lot to do and I just don't see June is having enough time to get it done. I believe this will happen, otherwise I wouldn't be here...this will happen its just a process, it will come.
5-7-2019 Intel Guru Frank26 [via Clare] IT'S ABOUT TO GET REAL...FAST!...
5-6-2019 Intel Guru MarkZ There is a lot of crazy news right now…some believable, and some unbelievable... We were told it would get crazy before it popped…it certainly is crazy today...its been a day of calls and texts...
5-6-2019 Newshound/Intel Guru Mnt Goat Article quote: "... the UNIFICATION OF THE DOLLAR EXCHANGE RATE IS THE ONLY SOLUTION TO ELIMINATE THE AUCTION CURRENCY." Okay so you hear this from a minister in parliament telling us that part of the solution to the economic crisis is to get rid of the corruption associated with the currency auctions and the only way to do this is to get STOP the currency auctions. Look at how much money they told us is being stolen out of the CBI reserves due to this corruption. They say 15-20 million US dollars a day...5 billion US dollars a year being stolen from the CBI. No wonder why the CBI can not increase it reserves faster with all this oil wealth coming in as revenue. ...as long as the spigot of oil is flowing and the money is rolling in, they will not challenge this theft. The hard part is that the oil will not be flowing forever and so this time of great wealth is the time to sow the seeds of prosperity and build their nation.
5-6-2019 Intel Guru Eagleone2025 WE KNOW THERE IS A LOT OF MOVEMENT. WE ARE WAITING ON A GREEN LIGHT...LIKE MARK [Guru MarkZ] HAS SAID...A LOT IS HAPPENING. WINDOW HAS OPENED… MAY DAY 1 MAY 1-7 …ALOT OF MOVEMENT THE PERIOD WILL KEEP OPEN.
5-6-2019 Intel Guru MarkZ ...There appeared to be a 24 hour stall yesterday and we are hoping everything will resume moving today... [Hannity just said Trump is going to have a big day today. Announcement?] Possibly...there is a whole lot going on today...
5-6-2019 Newshound/Intel Guru Mnt Goat Personally, I think it’s going to be a long wait till January 2020 ...All the signs are showing us this is now going to be the case. Certainly things could always change on a dime but right now no evidence of that. I know the news from Iraq has been very quiet, but I assure you Mutada Al-Sadr and others are hard at work to turn it all around. ...We do know that Mahdi has until June to complete his government for face a possible “no confidence” vote. Will this happen?
5-6-2019 Newshound Guru larrykn Article: "The Central Bank betray Iraq daily through the auction of corrupt currency" this is why they need to revalue and get off the Auctions... (it's) too easy for corruption. [Maybe this will push them to do it...] I think there is a lot of things they need to get done before that happens which I haven't seen them to yet...they haven't even formed their government yet besides passing the laws needed. [they wont do nothing much now with Ramadan going on.] I don't think even if they wanted to would this happen that fast for Ramadan...its just another holiday for them. We will be here way after that holiday is over...
5-6-2019 Newshound/Intel Guru Mnt Goat Article quote: "... the UNIFICATION OF THE DOLLAR EXCHANGE RATE IS THE ONLY SOLUTION TO ELIMINATE THE AUCTION CURRENCY." Okay so you hear this from a minister in parliament telling us that part of the solution to the economic crisis is to get rid of the corruption associated with the currency auctions and the only way to do this is to get STOP the currency auctions. Look at how much money they told us is being stolen out of the CBI reserves due to this corruption. They say 15-20 million US dollars a day...5 billion US dollars a year being stolen from the CBI. No wonder why the CBI can not increase it reserves faster with all this oil wealth coming in as revenue. ...as long as the spigot of oil is flowing and the money is rolling in, they will not challenge this theft. The hard part is that the oil will not be flowing forever and so this time of great wealth is the time to sow the seeds of prosperity and build their nation.
5-6-2019 Intel Guru Eagleone2025 WE KNOW THERE IS A LOT OF MOVEMENT. WE ARE WAITING ON A GREEN LIGHT...LIKE MARK [Guru MarkZ] HAS SAID...A LOT IS HAPPENING. WINDOW HAS OPENED… MAY DAY 1 MAY 1-7 …ALOT OF MOVEMENT THE PERIOD WILL KEEP OPEN.
5-6-2019 Intel Guru MarkZ ...There appeared to be a 24 hour stall yesterday and we are hoping everything will resume moving today... [Hannity just said Trump is going to have a big day today. Announcement?] Possibly...there is a whole lot going on today...
5-6-2019 Newshound/Intel Guru Mnt Goat Personally, I think it’s going to be a long wait till January 2020 ...All the signs are showing us this is now going to be the case. Certainly things could always change on a dime but right now no evidence of that. I know the news from Iraq has been very quiet, but I assure you Mutada Al-Sadr and others are hard at work to turn it all around. ...We do know that Mahdi has until June to complete his government for face a possible “no confidence” vote. Will this happen?
5-6-2019 Newshound Guru larrykn Article: "The Central Bank betray Iraq daily through the auction of corrupt currency" this is why they need to revalue and get off the Auctions... (it's) too easy for corruption. [Maybe this will push them to do it...] I think there is a lot of things they need to get done before that happens which I haven't seen them to yet...they haven't even formed their government yet besides passing the laws needed. [they wont do nothing much now with Ramadan going on.] I don't think even if they wanted to would this happen that fast for Ramadan...its just another holiday for them. We will be here way after that holiday is over...
5-5-2019 Intel Guru RayRen98 [via No Static] ...Ray reported on a phone call he received this morning. According to his source, something “really big” has happened in Kurdistan. Ray wouldn’t disclose the subject matter but...and that this could affect where we’ll find ourselves this Monday, Tuesday and Wednesday...
5-5-2019 Intel Guru RayRen98 PM Mahdi has returned to Baghdad from his European trip. [Reminder: Last Wednesday Iraqi TV was broadcasting that the cabinet selections will be concluded upon Mahdi's return from his European trip. smile] ...Iraqi TV reports that PM Mahdi asserts sending names for the last 4 cabinet positions, yet Parliament claims to have not received such names. Parliament is claiming to be faultless for the cabinet not being completed today. Iraq has opened more of its "closed for several years" streets, but not all have been opened yet. ...Some US Banks have staff on alert over the weekend... Late evening reports are coming in of some Kurdistan contractors being paid at a new, and improved currency rate? Time Will Tell.
5-5-2019 Newshound Guru Stryker Iraq prepares and float versus an RV ...Iraq's assets have grown greatly since 2008, why hasn't the value of the dinar?..
5-5-2019 Newshound Guru larrykn I heard they are going to pass a lot of laws this weekend, lets see if they do it or not.
5-5-2019 Intel Guru RayRen98 PM Mahdi has returned to Baghdad from his European trip. [Reminder: Last Wednesday Iraqi TV was broadcasting that the cabinet selections will be concluded upon Mahdi's return from his European trip. smile] ...Iraqi TV reports that PM Mahdi asserts sending names for the last 4 cabinet positions, yet Parliament claims to have not received such names. Parliament is claiming to be faultless for the cabinet not being completed today. Iraq has opened more of its "closed for several years" streets, but not all have been opened yet. ...Some US Banks have staff on alert over the weekend... Late evening reports are coming in of some Kurdistan contractors being paid at a new, and improved currency rate? Time Will Tell.
5-5-2019 Newshound Guru Stryker Iraq prepares and float versus an RV ...Iraq's assets have grown greatly since 2008, why hasn't the value of the dinar?..
5-5-2019 Newshound Guru larrykn I heard they are going to pass a lot of laws this weekend, lets see if they do it or not.
5-4-2019 Newshound/Intel Guru Mnt Goat Next parliamentary session is scheduled for [today], Saturday. No announcements that they will vote on the remaining ministers.
5-4-2019 Newshound/Intel Guru Mnt Goat ...The banks DO NOT control the RV. The US Treasury DO NOT control the RV. The initiation must come from the CBI. An indication to us that they have done so will come from the “project to delete the zeros”. This [is] now on hold again and we wait...Does the US have some impact? Yes, the US does have a say in the approval cycle once the CBI is ready. So now April is gone and we will see what May brings us. Remember April showers brings May flowers so we wait and see…lol. We know something has to break soon and so will it happen in May or will this be strung out all the way until 2020? [post 2 of 2]
5-4-2019 Newshound/Intel Guru Mnt Goat ...there is NO sound or reasonable evidence that the Iraqi dinar will or can RV anytime soon. ...the window of opportunity quickly closed at the end of March 2019 as it did in 2018. This happened when the government had the CBI send out the electronic payment files and paid out at the old 1180 rate both times. The only window we now know is for January 2020. Could this change? Yes, it could but there is no sign or evidence it has or will. [post 1 of 2....stay tuned]
5-4-2019 Intel Guru RayRen98 ...on Iraq tv they are reporting that all citizens will have their purchasing power before June and that is a correct statement Mandi saying Iraq moving in a positive manner.
5-4-2019 Newshound Guru MilitiaMan "Alak has been promoted to Vice President of current session and the President of the AMF in the next session to follow." Alak is not bringing a program rate to the head of the class at the AMF [Arab Monetary Fund] , imo period...
5-4-2019 Newshound/Intel Guru Mnt Goat ...The banks DO NOT control the RV. The US Treasury DO NOT control the RV. The initiation must come from the CBI. An indication to us that they have done so will come from the “project to delete the zeros”. This [is] now on hold again and we wait...Does the US have some impact? Yes, the US does have a say in the approval cycle once the CBI is ready. So now April is gone and we will see what May brings us. Remember April showers brings May flowers so we wait and see…lol. We know something has to break soon and so will it happen in May or will this be strung out all the way until 2020? [post 2 of 2]
5-4-2019 Newshound/Intel Guru Mnt Goat ...there is NO sound or reasonable evidence that the Iraqi dinar will or can RV anytime soon. ...the window of opportunity quickly closed at the end of March 2019 as it did in 2018. This happened when the government had the CBI send out the electronic payment files and paid out at the old 1180 rate both times. The only window we now know is for January 2020. Could this change? Yes, it could but there is no sign or evidence it has or will. [post 1 of 2....stay tuned]
5-4-2019 Intel Guru RayRen98 ...on Iraq tv they are reporting that all citizens will have their purchasing power before June and that is a correct statement Mandi saying Iraq moving in a positive manner.
5-4-2019 Newshound Guru MilitiaMan "Alak has been promoted to Vice President of current session and the President of the AMF in the next session to follow." Alak is not bringing a program rate to the head of the class at the AMF [Arab Monetary Fund] , imo period...
5-3-2019 Intel Guru MarkZ So sounds like the can was kicked again until Monday…its still early but that is what my gut is telling me right now...banking apts starting on Monday. So not really bad news…its just we are all sick of that can. IRAQI NEWS: I was told from contact in Iraq that their part is done- everything handed to IMF and they are waiting for the new rate…I have seen no proof they have started exchanging in Iraq. [Any thought on what is holding it up?] I know whatever happened in England threw them a curve yesterday…I don’t know if anything is holding it up though. I think we are in the window waiting for our turn to go in. [Ramadan starts sundown May 5th] that’s the one I’m watching…I know they wanted this done before Ramadan… we will be watching the Middle East all weekend for sure.
5-3-2019 Newshound Guru ChrisC "Alak is not bringing a program rate to the head of the class at the AMF [Arab Monetary Fund]..." Of all the signs, or pieces of evidence, this is the most clear and pertinent to me. This is like saying some fat guy that has never played football is the new quarterback for Dallas. That's not happening. There should be NO possible way that a CB governor that doesn't even have an international currency could occupy such a high profile position. It would be embarrassing.
5-3-2019 Newshound Guru MilitiaMan 6) IMF at least twice has addressed their exchange rate to be in line with international standards. imo 7) IMF talking about changing the currency auctions or effectively ceasing them as we know them. 8) Article from the CBI talking about a unified Arab Currency! 9) ISX to be linking with the Nsadaq. 10) Financial Inclusion was a success to date. Those are a few thoughts that come to mind. Most all the items above have no validity while the IQD is at a program rate. I'll be watching the out come from Mahdi in France. Mahdi and Abadi were involved in the Paris Club. So lets see if Mahdi brings home the kittens.. lol imo. [post 3 of 3]
5-3-2019 Newshound Guru MilitiaMan 3) An article from the Basra Branch of the CBI, told us that they were to facilitate exchange trade with all groups of currency. The spoke of lower denominations and small category notes, and all groups!! ...IRAQ TRADE BANK to be operational, as the first international bank of Iraq, in Riyad Saudi Arabia come mid May. 4) Alak has been promoted to Vice President of current session and the President of the AMF in the next session to follow. 5) Alak was recently in Erbil at a new Bank with what looks like him giving education on currency that has different coloring, etc. They don't need education on old notes. [post 2 of 3....stay tuned]
5-3-2019 Newshound Guru MilitiaMan Laundry list of thoughts of mine why we are going to the Bank so very soon, imo! 1) The Parliamentary Finance Committee is moving in the current legislative session to develop mechanisms to change the monetary policies in the country, in coordination with the Central Bank of Iraq, aimed at raising the dinar exchange rate and maintaining the stability of inflation." ~ March 20, 2019.." "the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation In the country"." 2) Mahdi stated that before June he would increase purchase power for the citizens. [post 1 of 3....stay tuned]
5-3-2019 Intel Guru Bruce I have been asked again not to go into rates... because the fact we are so close to what is going on. ...the Iraqi Dinar and the USTN, our new currency, started to trading last night...and needed 12 hours straight of trading those two pairs together in order to get the rate of the dollar...versus the Iraqi Dinar. Now, the Iraqi Dinar has been off the screens for days now...it should be up tomorrow morning [Friday] I would think...the trading needed to take place and it did... We know that President Trump has signed off on this. We know the IMF has signed off... They signed off on everything to release...I understand that the currencies are registered, the rates are all registered, and everything is signed off. I think we are really in a sweet spot right now...My understanding is from some of our very highest bank sources that we should be setting appointments tomorrow [Friday]...
5-3-2019 Newshound Guru ChrisC "Alak is not bringing a program rate to the head of the class at the AMF [Arab Monetary Fund]..." Of all the signs, or pieces of evidence, this is the most clear and pertinent to me. This is like saying some fat guy that has never played football is the new quarterback for Dallas. That's not happening. There should be NO possible way that a CB governor that doesn't even have an international currency could occupy such a high profile position. It would be embarrassing.
5-3-2019 Newshound Guru MilitiaMan 6) IMF at least twice has addressed their exchange rate to be in line with international standards. imo 7) IMF talking about changing the currency auctions or effectively ceasing them as we know them. 8) Article from the CBI talking about a unified Arab Currency! 9) ISX to be linking with the Nsadaq. 10) Financial Inclusion was a success to date. Those are a few thoughts that come to mind. Most all the items above have no validity while the IQD is at a program rate. I'll be watching the out come from Mahdi in France. Mahdi and Abadi were involved in the Paris Club. So lets see if Mahdi brings home the kittens.. lol imo. [post 3 of 3]
5-3-2019 Newshound Guru MilitiaMan 3) An article from the Basra Branch of the CBI, told us that they were to facilitate exchange trade with all groups of currency. The spoke of lower denominations and small category notes, and all groups!! ...IRAQ TRADE BANK to be operational, as the first international bank of Iraq, in Riyad Saudi Arabia come mid May. 4) Alak has been promoted to Vice President of current session and the President of the AMF in the next session to follow. 5) Alak was recently in Erbil at a new Bank with what looks like him giving education on currency that has different coloring, etc. They don't need education on old notes. [post 2 of 3....stay tuned]
5-3-2019 Newshound Guru MilitiaMan Laundry list of thoughts of mine why we are going to the Bank so very soon, imo! 1) The Parliamentary Finance Committee is moving in the current legislative session to develop mechanisms to change the monetary policies in the country, in coordination with the Central Bank of Iraq, aimed at raising the dinar exchange rate and maintaining the stability of inflation." ~ March 20, 2019.." "the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation In the country"." 2) Mahdi stated that before June he would increase purchase power for the citizens. [post 1 of 3....stay tuned]
5-3-2019 Intel Guru Bruce I have been asked again not to go into rates... because the fact we are so close to what is going on. ...the Iraqi Dinar and the USTN, our new currency, started to trading last night...and needed 12 hours straight of trading those two pairs together in order to get the rate of the dollar...versus the Iraqi Dinar. Now, the Iraqi Dinar has been off the screens for days now...it should be up tomorrow morning [Friday] I would think...the trading needed to take place and it did... We know that President Trump has signed off on this. We know the IMF has signed off... They signed off on everything to release...I understand that the currencies are registered, the rates are all registered, and everything is signed off. I think we are really in a sweet spot right now...My understanding is from some of our very highest bank sources that we should be setting appointments tomorrow [Friday]...
5-2-2019 Intel Guru MarkZ I am a little salty this morning...I was expecting to wake up wealthy today…Our folks were told last night...that there was a hang up in England...We were told to watch England 2 hours before all hell broke loose in England and then it did… I am told it is worked out…keep in mind the central banks are headquartered out of London…so the delay could have been the banking establishment there. [When do you see the rv now? Still Friday?] ...my concern now is we won’t be banking until Monday now. [Are we waiting for the auctions to stop in Iraq?] I was told they have already stopped in Iraq…and there has not been one recently. ...People in Iraq say that everything –all paperwork- was given to the IMF and its all in their hands...they are expecting today is the day.
5-2-2019 Intel Guru Frank26 [via Iobey777] THERE'S A LOT GOING ON WITH THE MR [MONETARY REFORM] IN IRAQ AND THE FAB 4 IS GIVING OUT SPARKS... THEY ARE ENLIGHTENING US WITH UNDERSTANDING ...THE IMF COMES OUT...STOP THE AUCTIONS! THEY REALLY WANT THEM TO SAY THEY ARE ART 8, BUT IRAQ IS THE ONLY ONE THAT CAN DO THAT...THEY CAN'T TELL THEM LIFT THE 3 ZEROS...THEY CAN'T STOP THE AUCTIONS! INFLATION WOULD GO HIGHER! WHAT THEY ARE SAYING IS LIFT THE 3 ZEROS OR CHANGE THE AUCTIONS! ...THE FAB 4 IS TALKING TO THEM YOU DON'T STOP AUCTIONS...THEY TRANSCEND BY LIFTING THE VALUE OF THE IQD!...I DON'T BELIEVE THERE ARE ANY DELAYS! I BELIEVE IT IS GETTING DONE! IMO.
5-2-2019 Newshound Guru larrykn [Most of Iraq's revenue is petrodollars] ...they have been paying in petro dollars all this time, they will continue to do that until they change their currency, I don't see that happening for a while. They have a lot to get done before they can do that IMO. I'm getting more convinced that we won't see these this year. but you never know.
5-2-2019 Intel Guru MarkZ [Is this taxable?] We have been told over and over again that it is not…however, none of us will know for sure until it goes…imo… [NOTE: Check with your tax professional at the appropriate time]
5-2-2019 Intel Guru Frank26 [via Iobey777] THERE'S A LOT GOING ON WITH THE MR [MONETARY REFORM] IN IRAQ AND THE FAB 4 IS GIVING OUT SPARKS... THEY ARE ENLIGHTENING US WITH UNDERSTANDING ...THE IMF COMES OUT...STOP THE AUCTIONS! THEY REALLY WANT THEM TO SAY THEY ARE ART 8, BUT IRAQ IS THE ONLY ONE THAT CAN DO THAT...THEY CAN'T TELL THEM LIFT THE 3 ZEROS...THEY CAN'T STOP THE AUCTIONS! INFLATION WOULD GO HIGHER! WHAT THEY ARE SAYING IS LIFT THE 3 ZEROS OR CHANGE THE AUCTIONS! ...THE FAB 4 IS TALKING TO THEM YOU DON'T STOP AUCTIONS...THEY TRANSCEND BY LIFTING THE VALUE OF THE IQD!...I DON'T BELIEVE THERE ARE ANY DELAYS! I BELIEVE IT IS GETTING DONE! IMO.
5-2-2019 Newshound Guru larrykn [Most of Iraq's revenue is petrodollars] ...they have been paying in petro dollars all this time, they will continue to do that until they change their currency, I don't see that happening for a while. They have a lot to get done before they can do that IMO. I'm getting more convinced that we won't see these this year. but you never know.
5-2-2019 Intel Guru MarkZ [Is this taxable?] We have been told over and over again that it is not…however, none of us will know for sure until it goes…imo… [NOTE: Check with your tax professional at the appropriate time]
5-1-2019 Intel Guru Eagleone2025 [new Guru] May Day May Day today is May 1st so we are now in the second window. May 1-7... The Meeting in Washington D.C..with Trump went very well. [What was DC meeting about?] The RV.
5-1-2019 Intel Guru MarkZ [Let's get this party started] I agree…and that’s the rumor that the party starts late afternoon today…we have so much expectation for today…expectations are huge...there really is so much news hitting... I am expecting we can start making apts. before Friday. The redemption centers firmly believe they will start seeing people on Friday...
5-1-2019 Newshound Guru Adam Montana Article: "Barzani meets with Mahdi re: HCL" Things happen slowly in Iraq. We know this. It was about 3 months ago when I posted that original link...the articles are starting to focus on the higher level agreements. This is the fine tuning, and the polishing. That's what I'm seeing happening right now... and it's all coming full circle, about 3-6 months after the last big round of "regular" news. This just happens to fall in place perfectly, if you ask me. I'm on the fence about Ramadan this year - it might not be as quiet as it has been in the past. I'm hoping to find some more clues, or get some "boots on the ground" feedback over the next couple days. [post 2 of 2]
5-1-2019 Newshound Guru Adam Montana It seems we are in an interesting situation right now. I've been watching the news shift directions slightly...not in an opposing way, just a shift. In the past, we've had some key things happen around mid-year. Major items, like Chapter 7, for example. The "shift" in the news that I'm seeing is - and I say this with a little bit of reservation, because I'm not substituting my intuition for an actual crystal ball - it is encouraging, in a way that may be signaling another big announcement in the middle of the year. I'm expecting a revaluation of the Iraqi Dinar to be preceded by a bit of silence...and we do have that right now. Don't get me wrong, we have a lot of encouraging articles to read right now, but the subtle shift in tone...It's hard to explain... [post 1 of 2....stay tuned]
5-1-2019 Intel Guru Footforward To be clear, I expect the dinar to revalue and I expect the rate to be over 3.
5-1-2019 Intel Guru Bruce I will say this, we are at the right level where we want to be, and we should have Dinar back on the screens here. It was off...Monday...but I think we are at a Go period...we are ready to kick this thing off. ...I believe we are looking in pretty good shape for tomorrow [Wednesday], and it might be late morning. I am going to suggest everybody just get excited and get ready to go. [post 2 of 2]
5-1-2019 Intel Guru Bruce [via PinkRoses] We are really in a situation where most sources have been told to shut up and literally just be quiet right now...The banks sources that we have have been asked to be very quiet...Things that were issues a few days ago, are no longer an issue, and that is the kind of news I like to hear... I have been asked...not to get specific about the rates. So, I won’t. ...You are going to find the rate of the Dong...to be very close, within 10% of the Dinar which is tremendous. Much higher than we thought it was going to be. [post 1 of 2....stay tuned]
5-1-2019 Intel Guru RayRen98 Parliament met today and agreed to vote on the ministers of Justice and Transportation this week and the ministers of Interior and Defense next week. This will coincide with the opening of the Green Zone anticipated within 10 days. PM Mahdi stated that Iraq will witness great internationalism in the coming period. [The coming period? Is this a replacement for the coming days? LOL]
5-1-2019 Intel Guru MarkZ [Let's get this party started] I agree…and that’s the rumor that the party starts late afternoon today…we have so much expectation for today…expectations are huge...there really is so much news hitting... I am expecting we can start making apts. before Friday. The redemption centers firmly believe they will start seeing people on Friday...
5-1-2019 Newshound Guru Adam Montana Article: "Barzani meets with Mahdi re: HCL" Things happen slowly in Iraq. We know this. It was about 3 months ago when I posted that original link...the articles are starting to focus on the higher level agreements. This is the fine tuning, and the polishing. That's what I'm seeing happening right now... and it's all coming full circle, about 3-6 months after the last big round of "regular" news. This just happens to fall in place perfectly, if you ask me. I'm on the fence about Ramadan this year - it might not be as quiet as it has been in the past. I'm hoping to find some more clues, or get some "boots on the ground" feedback over the next couple days. [post 2 of 2]
5-1-2019 Newshound Guru Adam Montana It seems we are in an interesting situation right now. I've been watching the news shift directions slightly...not in an opposing way, just a shift. In the past, we've had some key things happen around mid-year. Major items, like Chapter 7, for example. The "shift" in the news that I'm seeing is - and I say this with a little bit of reservation, because I'm not substituting my intuition for an actual crystal ball - it is encouraging, in a way that may be signaling another big announcement in the middle of the year. I'm expecting a revaluation of the Iraqi Dinar to be preceded by a bit of silence...and we do have that right now. Don't get me wrong, we have a lot of encouraging articles to read right now, but the subtle shift in tone...It's hard to explain... [post 1 of 2....stay tuned]
5-1-2019 Intel Guru Footforward To be clear, I expect the dinar to revalue and I expect the rate to be over 3.
5-1-2019 Intel Guru Bruce I will say this, we are at the right level where we want to be, and we should have Dinar back on the screens here. It was off...Monday...but I think we are at a Go period...we are ready to kick this thing off. ...I believe we are looking in pretty good shape for tomorrow [Wednesday], and it might be late morning. I am going to suggest everybody just get excited and get ready to go. [post 2 of 2]
5-1-2019 Intel Guru Bruce [via PinkRoses] We are really in a situation where most sources have been told to shut up and literally just be quiet right now...The banks sources that we have have been asked to be very quiet...Things that were issues a few days ago, are no longer an issue, and that is the kind of news I like to hear... I have been asked...not to get specific about the rates. So, I won’t. ...You are going to find the rate of the Dong...to be very close, within 10% of the Dinar which is tremendous. Much higher than we thought it was going to be. [post 1 of 2....stay tuned]
5-1-2019 Intel Guru RayRen98 Parliament met today and agreed to vote on the ministers of Justice and Transportation this week and the ministers of Interior and Defense next week. This will coincide with the opening of the Green Zone anticipated within 10 days. PM Mahdi stated that Iraq will witness great internationalism in the coming period. [The coming period? Is this a replacement for the coming days? LOL]
4-29-2019 Intel Guru MarkZ [Did Iraq truly close its borders over the weekend?] I have a close friend in Iraq and he told me the borders near him were restricted...they were checking people for currency at the borders. So he assumed this was all over the country at all the borders but we do not know for sure. ...they are trying to get this done before Ramadan...is what we were told. [post 2 of 2]
4-29-2019 Intel Guru MarkZ We are being told the rates are set...[Will we see rates on forex before we exchange?] I believe we will...start exchanging before they put the rate on forex. If they still want to keep things quiet they will want us to exchange and sign those NDA’s. [Some gurus said that when Iraq goes international they can only hold back the new rates for 72 hours.?] We do not have concrete proof that it is international over there yet. We do have concrete proof that rates are locked in and showing now though... [post 1 of 2....stay tuned]
4-29-2019 Newshound Guru chattels [Is this ever gonna happen] I cannot think of much reason that it would happen this year. Other than to think that it may happen when one would least expect it.
4-29-2019 Newshound/Intel Guru Mnt Goat Article: "TO ENACT THE LAW OF FINANCIAL ADMINISTRATION" Quote: “...the Committee is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state...” I don’t know exactly how long this will take but it is very good news. I quote from the article. – “the change will raise the exchange rate of the Iraqi dinar against foreign currencies”. We wait and see what happens. How many times have we heard this and yet NOTHING ever happens?
4-29-2019 Intel Guru MarkZ [Are you confident the dong is going to be in the first basket?] I am extremely confident it is going to be in the first basket. Imo its 110% it will be in the 1st basket. Iraq has a considerable amount of dong in their treasury and Vietnam holds a considerable amount of IQD. They have been in this together from the get-go.
4-29-2018 Newshound/Intel Guru Mnt Goat ...there is NO sound or reasonable evidence that the Iraqi dinar will or can RV anytime soon...the window of opportunity quickly closed at the end of March 2019 when the government had the CBI send out the electronic payment files and paid out at the old 1180 rate. The only window we now know is for January 2020. Could this change? Yes, it could but there is no sign or evidence it has or will. ...So now April is just about gone and we will see what May brings us. Remember April showers brings May flowers so we wait and see…
4-29-2019 Intel Guru MarkZ We are being told the rates are set...[Will we see rates on forex before we exchange?] I believe we will...start exchanging before they put the rate on forex. If they still want to keep things quiet they will want us to exchange and sign those NDA’s. [Some gurus said that when Iraq goes international they can only hold back the new rates for 72 hours.?] We do not have concrete proof that it is international over there yet. We do have concrete proof that rates are locked in and showing now though... [post 1 of 2....stay tuned]
4-29-2019 Newshound Guru chattels [Is this ever gonna happen] I cannot think of much reason that it would happen this year. Other than to think that it may happen when one would least expect it.
4-29-2019 Newshound/Intel Guru Mnt Goat Article: "TO ENACT THE LAW OF FINANCIAL ADMINISTRATION" Quote: “...the Committee is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state...” I don’t know exactly how long this will take but it is very good news. I quote from the article. – “the change will raise the exchange rate of the Iraqi dinar against foreign currencies”. We wait and see what happens. How many times have we heard this and yet NOTHING ever happens?
4-29-2019 Intel Guru MarkZ [Are you confident the dong is going to be in the first basket?] I am extremely confident it is going to be in the first basket. Imo its 110% it will be in the 1st basket. Iraq has a considerable amount of dong in their treasury and Vietnam holds a considerable amount of IQD. They have been in this together from the get-go.
4-29-2018 Newshound/Intel Guru Mnt Goat ...there is NO sound or reasonable evidence that the Iraqi dinar will or can RV anytime soon...the window of opportunity quickly closed at the end of March 2019 when the government had the CBI send out the electronic payment files and paid out at the old 1180 rate. The only window we now know is for January 2020. Could this change? Yes, it could but there is no sign or evidence it has or will. ...So now April is just about gone and we will see what May brings us. Remember April showers brings May flowers so we wait and see…
4-30-2019 Intel Guru MarkZ [via PDK] A whole lot of movement yesterday…some high level military meetings went on about how to handle things like any upsets...how to handle the execution of stuff. A landmark meeting. Banks and redemption centers seem to be ramping up activity right now...getting ready for tomorrow? I hope so...I really hope they do not kick the can again…but based on the movement we saw yesterday tomorrow could be the day. Are they exchanging possibly in Iraq? They can legally go days before us in Iraq…keep in mind Kuwait went 10 days before the rest of the world caught on and they went international. A number of us were asked by the Treasury to not talk about rates…period. [Will things stall until Ramadan?] No ….we feel they will release it all before Ramadan so they can have a hellaciously fun Ramadan period.
4-30-2019 Newshound Guru larrykn Article: "Saairun cedes security adviser seeking central bank head post" [Is it possible that [Guru] tman23 is correct about the replacement of the CBI governor?] [reference Guru tman3 post 4-26-2019] he might be...this article is saying they are replacing the governor...who they pick will mean a lot to how Iraq will move forward. I'm thinking the PM will pick someone that will move toward reforms...
4-30-2019 Newshound Guru chattels Article quotes: "Parliament ends reading three laws..."; "...it was decided to adjourn the meeting until Tuesday, 30/4/201" [what happened with the voting on the ministers...?] ...I am unaware that a vote has been scheduled. My read and take on that news was that names had been agreed upon, but there have been several of those articles without any vote.
4-30-2019 Newshound Guru larrykn Article: "Saairun cedes security adviser seeking central bank head post" [Is it possible that [Guru] tman23 is correct about the replacement of the CBI governor?] [reference Guru tman3 post 4-26-2019] he might be...this article is saying they are replacing the governor...who they pick will mean a lot to how Iraq will move forward. I'm thinking the PM will pick someone that will move toward reforms...
4-30-2019 Newshound Guru chattels Article quotes: "Parliament ends reading three laws..."; "...it was decided to adjourn the meeting until Tuesday, 30/4/201" [what happened with the voting on the ministers...?] ...I am unaware that a vote has been scheduled. My read and take on that news was that names had been agreed upon, but there have been several of those articles without any vote.
4-28-2019 Intel Guru MarkZ If by some reason this stalls in the next couple days we are told the banking crash will force it. We are in the final days of this and quickly approaching a crash. I have some fantastic sources…I really have been blessed...I postponed family time this weekend because we are so close. ...they are knee deep in getting this out…and based on the progress they are making we hope we will all see it in the next day or two. [post 2 of 2]
4-28-2019 Intel Guru MarkZ There was a tremendous amount of work positioning for tomorrow on the banking side...amazing amount of things happening…Banking contacts say it is now trading a live rate...an entire army people working right now verifying things. We are getting reports from all over the world that there is an international rate...we are trying to verify that. [post 1 of 2....stay tuned]
4-28-2019 Intel Guru MarkZ There was a tremendous amount of work positioning for tomorrow on the banking side...amazing amount of things happening…Banking contacts say it is now trading a live rate...an entire army people working right now verifying things. We are getting reports from all over the world that there is an international rate...we are trying to verify that. [post 1 of 2....stay tuned]
4-27-2019 Intel Guru MarkZ A lot of Intel Providers have been asked to stand down and keep quiet this weekend ...so you may see intel pretty scarce this weekend.
4-27-2019 Intel Guru Frank26 IMO, they are doing something at the CBI...it's all related to financial inclusion which includes their financial steps. Iraq is about to make a major economic change, on one condition...what do you think it is? ...Contractors that have been waiting to get into Iraq are now being paid. They are doing something to prepare, I believe, what we call article 2, an announcement that yea we are Article 8 and that yea we have been using the tools inside of our country...now we are about to do it outside of our country on an international status...things are looking really good...
4-27-2019 Intel Guru MarkZ [any news from your contacts in Iraq?] We have seen lower denoms but no coinage or really small notes like the one dinar note. There are rumors that the RV has gone for $8.20 …if that were true how would they make change without those coins or really small notes? How would you get change when they buy a soda or pack of gum? No coins or small notes yet imo. [...do you think that maybe there is a chance that they might be fooling all of us and it’s not going to happen?] I believe it's absolutely a “when” and not an “if”... I have seen to much behind the scenes and to much paperwork...it’s the when that has driven us all nuts.
4-27-2019 Intel Guru Frank26 IMO, they are doing something at the CBI...it's all related to financial inclusion which includes their financial steps. Iraq is about to make a major economic change, on one condition...what do you think it is? ...Contractors that have been waiting to get into Iraq are now being paid. They are doing something to prepare, I believe, what we call article 2, an announcement that yea we are Article 8 and that yea we have been using the tools inside of our country...now we are about to do it outside of our country on an international status...things are looking really good...
4-27-2019 Intel Guru MarkZ [any news from your contacts in Iraq?] We have seen lower denoms but no coinage or really small notes like the one dinar note. There are rumors that the RV has gone for $8.20 …if that were true how would they make change without those coins or really small notes? How would you get change when they buy a soda or pack of gum? No coins or small notes yet imo. [...do you think that maybe there is a chance that they might be fooling all of us and it’s not going to happen?] I believe it's absolutely a “when” and not an “if”... I have seen to much behind the scenes and to much paperwork...it’s the when that has driven us all nuts.
4-26-2019 Newshound/Intel Guru Mnt Goat CLARIFICATION OF THE STALLING TO FORM THE LAST OF THE CABINET ...the only reason is that these coalitions realize how important these positions are and want their own person in the positions. That is all it is. It has NOTHING to do with stalling using this as an excuse to hold up the RV and currency reform...There is NO connection!
4-26-2019 Newshound Guru larrykn Articles: "Memorandum of understanding between the Union of Iraqi contractors and Turkish counterpart"; "Ministry of construction signed a contract setting up desalination project schemes in Basra with an Austrian company." Lots of good deals are being made right now, I still say if Iraq can get out of their own way, good things will happen.
4-26-2019 Newshound Guru Adam Montana No major updates on the dinar, but that's not discouraging in the least...we're simply tracking on a positive course.
4-26-2019 Intel Guru Bruce We know that a week ago today, last Thursday, the Dinar was out on the screen at $8.20. We know that it is projected to go higher. It should be higher now. I can’t confirm a rate...We know the Dong could be approaching about 75% of the Dinar which would put it at $6.00 or over $6.00...I am looking for confirmation on that. ...we are so close we can taste this. We are any minute to I would say by Saturday ready to go. ...They are ready. We are ready. Everything is set. We just need that green light to come on to get this party started. [post 2 of 2]
4-26-2019 Intel Guru Bruce [via PinkRoses] Let’s talk first-of-all about the timing of this...Everything is poised and ready to go at any moment. ...We know that Iraq...this morning [Thursday] had their total financial inclusion took place. That financial inclusion was a culmination of everything that needed to be done with banking systems, with the new rates, with Qi cards used to pay out citizenry, with having an international tradable currency globally with ability to be traded...That financial inclusion culminated and activated today [Thursday]. There you have what it is we have been waiting for from Iraq forever...People are ready to invest and come in now that there is an international tradable currency as the Dinar. [post 1 of 2....stay tuned]
4-26-2019 Intel Guru MarkZ Big news overnight is I was told the borders are closed in Iraq…this probably means good things for us and for the people in Iraq…We were always told they would close their borders just before they reset their currency. …We are watching closely today into tomorrow [Friday]. ...if they really did close the borders in Iraq and are releasing new rates today then maybe things start tomorrow [Friday]? My banking contact who is at a redemption center says we are still in a minute to minute watch...and to keep watching.
4-26-2019 Newshound/Intel Guru tman23 ...coming September 25th there will be a NEW CBI GOVERNOR... This is a FACT! So yes its stewing...but will the do it for the second quarter or wait until they seat the new CBI governor and roll to first of the year...sit back and watch mid June along with first signal will be new currency... [post 2 of 2]
4-26-2019 Newshound Guru larrykn Articles: "Memorandum of understanding between the Union of Iraqi contractors and Turkish counterpart"; "Ministry of construction signed a contract setting up desalination project schemes in Basra with an Austrian company." Lots of good deals are being made right now, I still say if Iraq can get out of their own way, good things will happen.
4-26-2019 Newshound Guru Adam Montana No major updates on the dinar, but that's not discouraging in the least...we're simply tracking on a positive course.
4-26-2019 Intel Guru Bruce We know that a week ago today, last Thursday, the Dinar was out on the screen at $8.20. We know that it is projected to go higher. It should be higher now. I can’t confirm a rate...We know the Dong could be approaching about 75% of the Dinar which would put it at $6.00 or over $6.00...I am looking for confirmation on that. ...we are so close we can taste this. We are any minute to I would say by Saturday ready to go. ...They are ready. We are ready. Everything is set. We just need that green light to come on to get this party started. [post 2 of 2]
4-26-2019 Intel Guru Bruce [via PinkRoses] Let’s talk first-of-all about the timing of this...Everything is poised and ready to go at any moment. ...We know that Iraq...this morning [Thursday] had their total financial inclusion took place. That financial inclusion was a culmination of everything that needed to be done with banking systems, with the new rates, with Qi cards used to pay out citizenry, with having an international tradable currency globally with ability to be traded...That financial inclusion culminated and activated today [Thursday]. There you have what it is we have been waiting for from Iraq forever...People are ready to invest and come in now that there is an international tradable currency as the Dinar. [post 1 of 2....stay tuned]
4-26-2019 Intel Guru MarkZ Big news overnight is I was told the borders are closed in Iraq…this probably means good things for us and for the people in Iraq…We were always told they would close their borders just before they reset their currency. …We are watching closely today into tomorrow [Friday]. ...if they really did close the borders in Iraq and are releasing new rates today then maybe things start tomorrow [Friday]? My banking contact who is at a redemption center says we are still in a minute to minute watch...and to keep watching.
4-26-2019 Newshound/Intel Guru tman23 ...coming September 25th there will be a NEW CBI GOVERNOR... This is a FACT! So yes its stewing...but will the do it for the second quarter or wait until they seat the new CBI governor and roll to first of the year...sit back and watch mid June along with first signal will be new currency... [post 2 of 2]
4-25-2019 Newshound/Intel Guru tman23 ...The news I have is follows...May 6 is Ramada...on that date what I have known for past week or so is that there is a HUGE DEAL between US and China for $$$ and that appears to have some regards to a payout for citizens...IQD is what I hope it is but I suspect we should see lower denoms enter the picture and sometime estimate 6 weeks after the May 6 date around 6-15 possibly the change to IQD however they have decided to execute it... [post 1 of 2....stay tuned]
4-25-2019 Intel Guru MarkZ [... Why not just look at forex?] We have been told for 15 years that the rates would be delayed showing on forex …at least by a few days…and those rates would only be the street rates. We are supposed to get at least $2 higher rate in the US for reparations for the Iraqi war. ...All Countries that were involved in Iraq War are supposed to get higher rates is what we were told. Like Canada is supposed to get a higher rate… You are welcome to wait for forex.
4-25-2019 Intel Guru Frank26 [via Iobey77] YESTERDAY AN EXPLOSION OF INFO WAS RELEASED BY THE CBI. [GURU] DELTA LABELED THIS INFO CODE RED AND I APPROVED IT. IMO ONCE AGAIN SHOWING US THEY ARE OPERATING INTERNATIONALLY AS ARTICLE 8...
4-25-2019 Newshound Guru Kaperoni [The new CBI bank being built makes me think they need a world tradable dinar to go along with that Big Fancy Bank!] For sure. Article VIII is coming.
4-25-2019 Intel Guru MarkZ A whole lot happening in Iraq….they fully expect to see new value and new operational rates throughout the middle east tomorrow [Thursday]. If this happens there should be no reason we can’t start going to the banks on Friday...We were told long ago when oil prices went down to watch them start to go up again close to when the RV is released. They need a higher price per barrel of oil so they can justify the rates being paid. …So don’t be offended by higher gas prices right now. This is an excellent sign for us.
4-25-2019 Newshound/Intel Guru Mnt Goat ...The Iraqi Central Bank determines the reinstatement timing not the banks...The bank screen with rates have very little to do with the process other than they are at the VERY last point in the food chain in the process... By the time they are of any significance we would have already known about all these other points and we would know for sure that the reinstatement has already occurred. The CBI also is going to let us know and not just pop this out on its citizens without sufficient warning. We have been told this by the CBI itself over and over again and each time they attempted to reinstate this has been the case...
4-25-2019 Intel Guru MarkZ [IRAQI TV: Bagdad Negotiates with Tehran to buy Natural Gas in Iraqi Dinars. Mark is this Good, What say ye?] Iran buying gas from Iraq with dinar…this is really good news…big news…this improves the odds of us seeing a really quick RV….imo.
4-25-2019 Intel Guru MarkZ [... Why not just look at forex?] We have been told for 15 years that the rates would be delayed showing on forex …at least by a few days…and those rates would only be the street rates. We are supposed to get at least $2 higher rate in the US for reparations for the Iraqi war. ...All Countries that were involved in Iraq War are supposed to get higher rates is what we were told. Like Canada is supposed to get a higher rate… You are welcome to wait for forex.
4-25-2019 Intel Guru Frank26 [via Iobey77] YESTERDAY AN EXPLOSION OF INFO WAS RELEASED BY THE CBI. [GURU] DELTA LABELED THIS INFO CODE RED AND I APPROVED IT. IMO ONCE AGAIN SHOWING US THEY ARE OPERATING INTERNATIONALLY AS ARTICLE 8...
4-25-2019 Newshound Guru Kaperoni [The new CBI bank being built makes me think they need a world tradable dinar to go along with that Big Fancy Bank!] For sure. Article VIII is coming.
4-25-2019 Intel Guru MarkZ A whole lot happening in Iraq….they fully expect to see new value and new operational rates throughout the middle east tomorrow [Thursday]. If this happens there should be no reason we can’t start going to the banks on Friday...We were told long ago when oil prices went down to watch them start to go up again close to when the RV is released. They need a higher price per barrel of oil so they can justify the rates being paid. …So don’t be offended by higher gas prices right now. This is an excellent sign for us.
4-25-2019 Newshound/Intel Guru Mnt Goat ...The Iraqi Central Bank determines the reinstatement timing not the banks...The bank screen with rates have very little to do with the process other than they are at the VERY last point in the food chain in the process... By the time they are of any significance we would have already known about all these other points and we would know for sure that the reinstatement has already occurred. The CBI also is going to let us know and not just pop this out on its citizens without sufficient warning. We have been told this by the CBI itself over and over again and each time they attempted to reinstate this has been the case...
4-25-2019 Intel Guru MarkZ [IRAQI TV: Bagdad Negotiates with Tehran to buy Natural Gas in Iraqi Dinars. Mark is this Good, What say ye?] Iran buying gas from Iraq with dinar…this is really good news…big news…this improves the odds of us seeing a really quick RV….imo.
4-24-2019 Newshound Guru MilitiaMan Article: "International Smart Card Company contributes to financial inclusion" Financial Inclusion and Financial Coverage are both addressed here...They are telling the citizens most important, but, they are also telling us now how far they have come and how safe and secure it is to bring in your money and get cards. They can facilitate all your needs and concerns through the Smart Cards. They are telling them with a card you can not only deposit but, spend...So, clearly this is now well within supporting that Financial inclusion is becoming and more likely is a success and rolling out now as we speak to a level they see fit for MR to date. Lets see if it has a finality this week in respect to how the process is unfolding and at what level they feel is enough Financial Inclusion for the state as a whole...
4-24-2019 Intel Guru MarkZ I am hearing from my Iraqi sources….that during Ramadan the Iraqi people will have a lot to celebrate this year after this has gone. [do you think this is going to happen this week?] I really think this will be out the door this week... They cracked down last Sat…I was told that they DO NOT want us to talk about rates! Remember- very important...do not let currency out of your sight at this point….we are just to close right now. [post 2 of 2]
4-24-2019 Intel Guru MarkZ [via PDK] News was exceptionally good overnight… The chatter out of Iraq is that they will be live on Thursday…their time.. so we have a lot of expectations for late afternoon, early morning for us...There has been a whole lot of movement that I can’t talk about...The CBI has just added Swiss for direct conversion on their site...this is huge….they are getting ready to join the big world. They have also added others like Poland...key allies for banking or trade has been added for direct conversions... [post 1 of 2....stay tuned]
4-24-2019 Newshound Guru MilitiaMan Article: "US agency: Baghdad Tehran to negotiate the purchase of natural gas in Iraqi dinars" It looks like the work in progress is heating up since late last year. Now that Iraq and Iran must make a deal in dinar to circumvent sanctions (possibly have made one)...I suspect the pressure in Iran is red hot to get a proper deal done with the neighbor and in a currency that has value or at least adjust as to not take a hit in trade value between Iraq, and so an appropriate deal can be utilized to alleviate disparity in exchange rates and to avoid sanctions by the rules in place per the USA...We shall see if Iran makes a proper deal to sweeten the pot or not for her citizens. My take is regardless, it is getting very hot...IMO
4-24-2019 Intel Guru Bruce [via PinkRoses] I think we are about to get some good news shortly. ...we had the impression we were going to get notified either last Saturday before the Resurrection Sunday or on Sunday itself...and it didn’t happen, but we do know some things that did happen and where we are kind of as a result of it...There were let’s call it Private exchanges...sort of like VIP exchanges done in various parts of the country, Thursday, Friday, and Saturday...These individuals were told that...their funds would be available today. ...Now, when it comes to exchanges that have occurred...It was...Dinar, Dong, and maybe some other currencies...I know that the rates they were seeing for that purpose were very strong. The Dinar was over $8.00. The Dong was not quite to $5.00...We are in a very good place, guys. I know that it has been a long ride...We are ready.
4-24-2019 Intel Guru Delta URGENT FROM IRAQI TV: US AGENCY...BAGHDAD NEGOTIATE TEHRAN TO BUY NATURAL GAS IN IRAQI DINARS...
4-24-2019 Intel Guru MarkZ I am hearing from my Iraqi sources….that during Ramadan the Iraqi people will have a lot to celebrate this year after this has gone. [do you think this is going to happen this week?] I really think this will be out the door this week... They cracked down last Sat…I was told that they DO NOT want us to talk about rates! Remember- very important...do not let currency out of your sight at this point….we are just to close right now. [post 2 of 2]
4-24-2019 Intel Guru MarkZ [via PDK] News was exceptionally good overnight… The chatter out of Iraq is that they will be live on Thursday…their time.. so we have a lot of expectations for late afternoon, early morning for us...There has been a whole lot of movement that I can’t talk about...The CBI has just added Swiss for direct conversion on their site...this is huge….they are getting ready to join the big world. They have also added others like Poland...key allies for banking or trade has been added for direct conversions... [post 1 of 2....stay tuned]
4-24-2019 Newshound Guru MilitiaMan Article: "US agency: Baghdad Tehran to negotiate the purchase of natural gas in Iraqi dinars" It looks like the work in progress is heating up since late last year. Now that Iraq and Iran must make a deal in dinar to circumvent sanctions (possibly have made one)...I suspect the pressure in Iran is red hot to get a proper deal done with the neighbor and in a currency that has value or at least adjust as to not take a hit in trade value between Iraq, and so an appropriate deal can be utilized to alleviate disparity in exchange rates and to avoid sanctions by the rules in place per the USA...We shall see if Iran makes a proper deal to sweeten the pot or not for her citizens. My take is regardless, it is getting very hot...IMO
4-24-2019 Intel Guru Bruce [via PinkRoses] I think we are about to get some good news shortly. ...we had the impression we were going to get notified either last Saturday before the Resurrection Sunday or on Sunday itself...and it didn’t happen, but we do know some things that did happen and where we are kind of as a result of it...There were let’s call it Private exchanges...sort of like VIP exchanges done in various parts of the country, Thursday, Friday, and Saturday...These individuals were told that...their funds would be available today. ...Now, when it comes to exchanges that have occurred...It was...Dinar, Dong, and maybe some other currencies...I know that the rates they were seeing for that purpose were very strong. The Dinar was over $8.00. The Dong was not quite to $5.00...We are in a very good place, guys. I know that it has been a long ride...We are ready.
4-24-2019 Intel Guru Delta URGENT FROM IRAQI TV: US AGENCY...BAGHDAD NEGOTIATE TEHRAN TO BUY NATURAL GAS IN IRAQI DINARS...
4-23-2019 Newshound/Intel Guru Mnt Goat Article: "200 SAUDI BUSINESSMEN WERE ENTERING IRAQ WITH CAPITAL ESTIMATED AT MORE THAN 65 BILLION DOLLARS OVER COMING YEARS" Quote: "An agreement was signed" between the Iraqi National Investment Commission and the Saudi Investment Authority to develop a roadmap soon..." So the growth is slow but they still need the corruption gone or it will stifle any real growth in the long term.
4-23-2019 Intel Guru MarkZ [What should we take with us to the exchange apt?] I would take with me whatever you would take if you were to open up a bank account…or pick up a drivers license. ..its better to have too much and not need it then have to little and need it...I say take a drivers license, SS card, birth certificate,and a piece of mail addressed to you. This is my opinion.
4-23-2019 Newshound/Intel Guru Mnt Goat Article: "ACCORDING TO THE NATIONAL BANK OF VIETNAM, VIETNAM WILL ISSUE A NEW VERSION OF THE VIETNAMESE DONG ON JANUARY 1, 2015." Of course this did not happen. Why? This is another case where they need to rethink what they are doing. They do not want a bunch of new billionaires overnight. They must first “withdrawal” a certain % of the current larger notes out of circulation, the same process of the project to delete the zeros that Iraq is now going through. The only way to do that is to go electronic banking, just like Iraq did. This is now in the process... They plan to accomplish the conversion to electronic banking by 2020. So could this be a target? [post 2 of 2]
4-23-2019 Newshound/Intel Guru Mnt Goat There is lots of chatter about the Dong currency and whether it is planned to revalue. Remember Vietnam was considered on the “underdeveloped” country list of the IMF and so it is one of these countries they want to bring forward because it has great potential...The State Bank of Vietnam has been giving us signals for almost a decade now that they plan to get rid of 3 or up to 4 zeros from their Dong currency. So, we know something is up. But what we don’t know is just exactly how they plan to do it. [post 1 of 2....stay tuned]
4-23-2019 Intel Guru MarkZ [What should we take with us to the exchange apt?] I would take with me whatever you would take if you were to open up a bank account…or pick up a drivers license. ..its better to have too much and not need it then have to little and need it...I say take a drivers license, SS card, birth certificate,and a piece of mail addressed to you. This is my opinion.
4-23-2019 Newshound/Intel Guru Mnt Goat Article: "ACCORDING TO THE NATIONAL BANK OF VIETNAM, VIETNAM WILL ISSUE A NEW VERSION OF THE VIETNAMESE DONG ON JANUARY 1, 2015." Of course this did not happen. Why? This is another case where they need to rethink what they are doing. They do not want a bunch of new billionaires overnight. They must first “withdrawal” a certain % of the current larger notes out of circulation, the same process of the project to delete the zeros that Iraq is now going through. The only way to do that is to go electronic banking, just like Iraq did. This is now in the process... They plan to accomplish the conversion to electronic banking by 2020. So could this be a target? [post 2 of 2]
4-23-2019 Newshound/Intel Guru Mnt Goat There is lots of chatter about the Dong currency and whether it is planned to revalue. Remember Vietnam was considered on the “underdeveloped” country list of the IMF and so it is one of these countries they want to bring forward because it has great potential...The State Bank of Vietnam has been giving us signals for almost a decade now that they plan to get rid of 3 or up to 4 zeros from their Dong currency. So, we know something is up. But what we don’t know is just exactly how they plan to do it. [post 1 of 2....stay tuned]
4-22-2019 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENT WILL VOTE NEXT TWO WEEKS ON INDUSTRIAL CITIES LAW" Quote: "...this law is important and it is necessary to be resolved during this stage in order to provide the appropriate environment in the provinces for all industrial companies for the purpose of employment and activating the private sector, noting that the LAW EXEMPTS COMPANIES FROM FEES AND CUSTOMS." ...being exempt from fees and customs is part of what companies need to come in and invest in Iraq. So this is a good start. But there is also an investment law that needs revisions and to be passed also.
4-22-2019 Intel Guru MarkZ [Are your contacts big dogs or little pups?] My contacts are both...I like the little pups...but most of them are BIG DOGS. When this is done I hope to share their names and they will just blow you away. ...Quiet is sometimes just what the doctor ordered...I did hear things will roll out today and tomorrow...This afternoon is expected to bring a whole lot of big news. There was a tremendous amount of movement over the weekend. The question is what will we see later today? [...we are past the point of no return and it is looking to be a very busy week] This is very similar to what I heard as well...we are so very close… [post 2 of 2]
4-22-2019 Intel Guru MarkZ [via PDK] [...can we say that we are waiting 4 the release of Lower Denom's and will they be released today?] A fair amount of LD’s have already been released, …I am waiting for more news from Iraq...there is a whole lot to watch for... [Will the new rates show overnight or in the daytime?] That is what we were told for years…I believe with this new banking system it could be a daytime event...I would not be surprised to see rates change at any time...they have so much more transparency and control now… [post 1 of 2....stay tuned]
4-22-2019 Newshound Guru MilitiaMan They told us...that Iraq has the full resources from the Saudi Arabian Kingdom to further their progress in re construction and oil exploration in the Sahara. This supports they are waiting on an international rate to be exposed for them to be secure in that investors are taken care of in kind, imo. They want safe and secure, a level playing field if you will.
4-22-2019 Newshound/Intel Guru Mnt Goat The news today is mostly all about getting investors in Iraq. They know they need to kickstart their economy somehow but can’t just seem to be able to do it with any level of success. But the news today suggest maybe they might move ahead finally in the coming weeks and months. There are still no signs from the CBI of an urgent pending reinstatement of the dinar any time soon... Article: "POST OF GOVERNOR OF THE CENTRAL BANK OF IRAQ" Quote: "It is noteworthy that some sources said earlier, that the post of governor of the Central Bank will be a coalition led by Moqtada al-Sadr." I am seeing that Sadr is NOT pleased with the efforts of the CBI and still feels it is enormously corrupt and not doing all the necessary actions too deal with it. Sadr also wants currency reform and wants it NOW.
4-22-2019 Intel Guru MarkZ [Are your contacts big dogs or little pups?] My contacts are both...I like the little pups...but most of them are BIG DOGS. When this is done I hope to share their names and they will just blow you away. ...Quiet is sometimes just what the doctor ordered...I did hear things will roll out today and tomorrow...This afternoon is expected to bring a whole lot of big news. There was a tremendous amount of movement over the weekend. The question is what will we see later today? [...we are past the point of no return and it is looking to be a very busy week] This is very similar to what I heard as well...we are so very close… [post 2 of 2]
4-22-2019 Intel Guru MarkZ [via PDK] [...can we say that we are waiting 4 the release of Lower Denom's and will they be released today?] A fair amount of LD’s have already been released, …I am waiting for more news from Iraq...there is a whole lot to watch for... [Will the new rates show overnight or in the daytime?] That is what we were told for years…I believe with this new banking system it could be a daytime event...I would not be surprised to see rates change at any time...they have so much more transparency and control now… [post 1 of 2....stay tuned]
4-22-2019 Newshound Guru MilitiaMan They told us...that Iraq has the full resources from the Saudi Arabian Kingdom to further their progress in re construction and oil exploration in the Sahara. This supports they are waiting on an international rate to be exposed for them to be secure in that investors are taken care of in kind, imo. They want safe and secure, a level playing field if you will.
4-22-2019 Newshound/Intel Guru Mnt Goat The news today is mostly all about getting investors in Iraq. They know they need to kickstart their economy somehow but can’t just seem to be able to do it with any level of success. But the news today suggest maybe they might move ahead finally in the coming weeks and months. There are still no signs from the CBI of an urgent pending reinstatement of the dinar any time soon... Article: "POST OF GOVERNOR OF THE CENTRAL BANK OF IRAQ" Quote: "It is noteworthy that some sources said earlier, that the post of governor of the Central Bank will be a coalition led by Moqtada al-Sadr." I am seeing that Sadr is NOT pleased with the efforts of the CBI and still feels it is enormously corrupt and not doing all the necessary actions too deal with it. Sadr also wants currency reform and wants it NOW.
4-21-2019 Newshound Guru Kaperoni [Isn’t the present PM much more reluctant to do this?...] No I believe Mahdi is very pro reform. He once wrote article on the dinar appreciation years ago...maybe 2010ish.
4-21-2019 Newshound Guru MilitiaMan Yet today, the ITB forecasts mid May to be open and be operational for investors in and out of the Kingdom? Well, imo there is a possible logic for that. It is an Iraq Bank in a foreign brotherly land. Therefore, they will need to meet the needs of both brothers, imo. ...We also should know by now that investors that trade internationally and by the same international standards, typically trade in quality and not at "Sub Par". A program rate is by far, sub par. [post 2 of 2]
4-21-2019 Newshound Guru MilitiaMan Article: "The opening of the first Iraqi bank in Saudi Arabia and cooperation includes security and intelligence" It was a big day. We learned not only did the Citizens and even the Kurds get their pay on time electronically and through out the 04/08/2019 - 04/18/2019 time period, then the ITB did a ribbon cutting bank ceremony and were somewhat vague on when they would open branches once done bragging about it, just as the Rasheed Bank was vague as well. Why be vague? Smart move...Imo. [post 1 of 2....stay tuned]
4-21-2019 Intel Guru MarkZ [...if this RV is an International event, how could or "Why" would our own Government stop it?] It is indeed an international event…The Us is one of the 2 largest economies in the world…(with China) The US had fought it tooth and nail because we will no longer be the reserve currency of the world when this thing goes…Donald Trump is the very first president who fought to get this done...the last 2 adminstrations did not want this to happen... ...The new system will give the power back to the people.
4-21-2019 Newshound/Intel Guru Mnt Goat We wait for the CBI to make the next move and launch the other needed smaller categories. This is when we go to the bank. They will have to raise the RATE (of exchange). Note I did not say VALUE since we all should know the value is already in the Iraqi dinar. What we want is a reinstatement to the global currency exchanges and with this a justified new rate to coincide and to reflect with its current VALUE. [post 2 of 2]
4-21-2019 Newshound/Intel Guru Mnt Goat Iraq has been sucking in these large 3 zero notes “unofficially” when they went to electronic payment system. By means of not redistributing these 3 zero notes over and over again during payrolls, they essentially were able to collect nearly 2/3 of them and get them out of circulation. The remaining 1/3 the CBI says will remain in circulation and “coincide” with the newer smaller category notes. So far they are using three denominations of the lower categories 250, 500 and 1,000. [post 1 of 2....stay tuned]
4-21-2019 Newshound Guru MilitiaMan Yet today, the ITB forecasts mid May to be open and be operational for investors in and out of the Kingdom? Well, imo there is a possible logic for that. It is an Iraq Bank in a foreign brotherly land. Therefore, they will need to meet the needs of both brothers, imo. ...We also should know by now that investors that trade internationally and by the same international standards, typically trade in quality and not at "Sub Par". A program rate is by far, sub par. [post 2 of 2]
4-21-2019 Newshound Guru MilitiaMan Article: "The opening of the first Iraqi bank in Saudi Arabia and cooperation includes security and intelligence" It was a big day. We learned not only did the Citizens and even the Kurds get their pay on time electronically and through out the 04/08/2019 - 04/18/2019 time period, then the ITB did a ribbon cutting bank ceremony and were somewhat vague on when they would open branches once done bragging about it, just as the Rasheed Bank was vague as well. Why be vague? Smart move...Imo. [post 1 of 2....stay tuned]
4-21-2019 Intel Guru MarkZ [...if this RV is an International event, how could or "Why" would our own Government stop it?] It is indeed an international event…The Us is one of the 2 largest economies in the world…(with China) The US had fought it tooth and nail because we will no longer be the reserve currency of the world when this thing goes…Donald Trump is the very first president who fought to get this done...the last 2 adminstrations did not want this to happen... ...The new system will give the power back to the people.
4-21-2019 Newshound/Intel Guru Mnt Goat We wait for the CBI to make the next move and launch the other needed smaller categories. This is when we go to the bank. They will have to raise the RATE (of exchange). Note I did not say VALUE since we all should know the value is already in the Iraqi dinar. What we want is a reinstatement to the global currency exchanges and with this a justified new rate to coincide and to reflect with its current VALUE. [post 2 of 2]
4-21-2019 Newshound/Intel Guru Mnt Goat Iraq has been sucking in these large 3 zero notes “unofficially” when they went to electronic payment system. By means of not redistributing these 3 zero notes over and over again during payrolls, they essentially were able to collect nearly 2/3 of them and get them out of circulation. The remaining 1/3 the CBI says will remain in circulation and “coincide” with the newer smaller category notes. So far they are using three denominations of the lower categories 250, 500 and 1,000. [post 1 of 2....stay tuned]
4-20-2019 Intel Guru Delta Article: "The opening of the first Iraqi bank in Saudi Arabia and cooperation includes security and intelligence" VERY HUGE...NO WAY JOSE WITH OUT ARTICLE VIII...
4-20-2019 Newshound Guru chattels There is no transparency in Iraq or about any revaluation of it's currency. If the dinar is to have any sudden increase in value then we will not be told in advance and no one reading the news will be able to reliably anticipate such, IMO.
4-20-2019 Newshound Guru larrykn Boy with all these articles coming out about stability I see Iraq moving again in the right direction. I see a lot more they need to get done but they are moving in the right direction. I think once they feel they are comfortable with were they are at, then they will do it...no time lines just when. I would like to see the banking improve, stability improve,, the government improve , investment coming in. these are a few of what I like to see happen.
4-20-2019 Newshound Guru Adam Montana The two largest borders are Iran and Saudi Arabia. Both countries present opportunities for oil delivery... in order to sell their oil, they must deliver it. In order to deliver the oil, it must get to the sea, unless they are to limit their market to the 6 countries that border them... and why would other oil rich countries pay a premium to Iraq? They would not, and will not. So it's in Iraq's best interest to have great relationships with it's neighbors, and it's important that the global market approves of these relationships. Iran and Syria are questionable allies...but Saudi Arabia is a solid partner. This is why I'm excited to see Iraq buddying up with Saudi Arabia, and it's even more exciting that it's not exactly clear what Saudi Arabia has to benefit at this time. I think we all know, or can use our imaginations. ...Saudi Arabia has a longstanding position of “middle”...not anti-Iraq, but not the opposite either. Why, now, are they opening their arms? Maybe someone is expecting a change, and they want pole position. [post 2 of 2]
4-20-2019 Newshound Guru Adam Montana ...one quick clarification - earlier this week I said PM Abadi was in Saudi Arabia on business. Obviously this was a mistake, as the current Prime Minister of Iraq is no longer Abadi. Nonetheless! The actual PM of Iraq, Abdul Mahdi, was indeed in Saudi Arabia - and the resulting news is a bit of a present, if you ask me. As I was getting ready to post this, a perfect article was posted. The focus is heavily on Iraq, the benefits to Iraq, and not much else. In what world is that a deal we expect to see from the Saudis... are they suddenly charitable people operating for the sole purpose of World Peace and charity? I don't think so. Therefore, the equalization simply isn't being mentioned. Article: "Historical agreements between Iraq and Saudi Arabia" ...Saudi Arabia is important to Iraq. ...Iraq has 3 major countries that border it, and only one actual connection to water. Aside from that small bit of beach...Iraq is landlocked. [post 1 of 2....stay tuned]
4-20-2019 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank of Iraq (CBE) launched a branch of the Basra branch on Thursday to develop a window from the issue division to provide small groups of 250, 500 and 1,000 dinars." This is really the only article worth showing today of any real value to us as investors. So we know that these other smaller category notes such as 25, 50, 100 etc.. are not NOT yet launched. ...They are NOT yet out. ...this article is proof enough that the only smaller categories out are still these 250, 500 and 1000 notes.
4-20-2019 Newshound Guru chattels There is no transparency in Iraq or about any revaluation of it's currency. If the dinar is to have any sudden increase in value then we will not be told in advance and no one reading the news will be able to reliably anticipate such, IMO.
4-20-2019 Newshound Guru larrykn Boy with all these articles coming out about stability I see Iraq moving again in the right direction. I see a lot more they need to get done but they are moving in the right direction. I think once they feel they are comfortable with were they are at, then they will do it...no time lines just when. I would like to see the banking improve, stability improve,, the government improve , investment coming in. these are a few of what I like to see happen.
4-20-2019 Newshound Guru Adam Montana The two largest borders are Iran and Saudi Arabia. Both countries present opportunities for oil delivery... in order to sell their oil, they must deliver it. In order to deliver the oil, it must get to the sea, unless they are to limit their market to the 6 countries that border them... and why would other oil rich countries pay a premium to Iraq? They would not, and will not. So it's in Iraq's best interest to have great relationships with it's neighbors, and it's important that the global market approves of these relationships. Iran and Syria are questionable allies...but Saudi Arabia is a solid partner. This is why I'm excited to see Iraq buddying up with Saudi Arabia, and it's even more exciting that it's not exactly clear what Saudi Arabia has to benefit at this time. I think we all know, or can use our imaginations. ...Saudi Arabia has a longstanding position of “middle”...not anti-Iraq, but not the opposite either. Why, now, are they opening their arms? Maybe someone is expecting a change, and they want pole position. [post 2 of 2]
4-20-2019 Newshound Guru Adam Montana ...one quick clarification - earlier this week I said PM Abadi was in Saudi Arabia on business. Obviously this was a mistake, as the current Prime Minister of Iraq is no longer Abadi. Nonetheless! The actual PM of Iraq, Abdul Mahdi, was indeed in Saudi Arabia - and the resulting news is a bit of a present, if you ask me. As I was getting ready to post this, a perfect article was posted. The focus is heavily on Iraq, the benefits to Iraq, and not much else. In what world is that a deal we expect to see from the Saudis... are they suddenly charitable people operating for the sole purpose of World Peace and charity? I don't think so. Therefore, the equalization simply isn't being mentioned. Article: "Historical agreements between Iraq and Saudi Arabia" ...Saudi Arabia is important to Iraq. ...Iraq has 3 major countries that border it, and only one actual connection to water. Aside from that small bit of beach...Iraq is landlocked. [post 1 of 2....stay tuned]
4-20-2019 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank of Iraq (CBE) launched a branch of the Basra branch on Thursday to develop a window from the issue division to provide small groups of 250, 500 and 1,000 dinars." This is really the only article worth showing today of any real value to us as investors. So we know that these other smaller category notes such as 25, 50, 100 etc.. are not NOT yet launched. ...They are NOT yet out. ...this article is proof enough that the only smaller categories out are still these 250, 500 and 1000 notes.
4-19-2019 Intel Guru MarkZ ...i am terrified to give out solid carved in stone, cast in iron dates...but I am feeling confident that we are finally going to have it. I am being told all rates are being held until Monday morning to go on the screen…they do not want anyone to have a jump start on the values being shown. This came from someone within the bank...who should know. They are showing a “lock” on them …no more fluctuations...everything is set...it appears Easter weekend is our weekend... [post 2 of 2]
4-19-2019 Intel Guru MarkZ ...it appears we are passed the point of no return and we will have it by Monday Morning...is what I have been told...we really are in a different position then we ever have been before. ...a number of smaller coins and notes hit the street in Iraq this week... I have a friend over there and they have seen coins and lower denominations in the streets this week...this gives us a very good indication they are prepared for it. [post 1 of 2....stay tuned]
4-19-2019 Newshound/Intel Guru BGG Article: "Central Bank Basra branch introduces a window to provide small cash categories" Quote: "The head of the Central Bank of Iraq Branch of Basra...said that in view of the small groups of the Iraqi currency traded in the markets, the Iraqi Central Bank branch in Basra sought to provide these quantities for the purpose of facilitating the deal between a single trader And the citizen. He stressed that the provision of cash from all groups will facilitate the sale and purchase between citizens and owners of shops." The ONLY news that matters today!!
4-19-2019 Intel Guru Bruce ...Now, we had heard on Wednesday...that we had a really good shot of going today or tomorrow... they wanted this to go prior to Resurrection Sunday. I think and this is my opinion, I believe that we will see something prior to this Sunday. Now, that is my opinion at this point based on all this evidence and information I got and received. I feel good about that. [post 2 of 2]
4-19-2019 Intel Guru Bruce [via PinkRoses] ...let’s start where Iraq is. Iraq...is involved in their all new banking system...the representative from Iraq Finance Minister being here in the United States to put together deals with Master Card and Visa for the country. We know that a few days ago the public in Iraq was paid at the new rate for the Dinar on their Qi cards, and we know the rate was over $5.00 in country. Now, I believe our rate here in the United States even though have it today on the screen, I do believe it is going to be specifically higher. [post 1 of 2....stay tuned]
4-19-2019 Newshound Guru MilitiaMan Article: "In Saudi Arabia ...The Iraqi Trade Bank opens its first branch abroad" Tell me this is not getting good! We see them open the ITB at a ribbon cutting ceremony and now the Heavy comes out and tells us the SA is putting up all there resources to help Iraq. Then we see them talk about small categories to revive the Economy.. Wow! ~ This is show time on a thursday playing out just like desert...imo.
4-19-2019 Newshound Guru Adam Montana ...on the list of items "coming up soon" is Ramadan. This is a big part of the timing... we're either going to see an RV before Ramadan, or after Ramadan. I've maintained for years that no RV will happen during Ramadan, and that hasn't changed. Ramadan comes early this time around - May 5 to June 4, according to google. Show me HCL news in the next week and I think we're looking at a big surprise...
4-19-2019 Intel Guru MarkZ [...is the "HCL" the HOLD UP? Iraqi PM is in Saudia Arabia. Is that an "OIL" deal about to happen and push the "HCL" INTO PLACE?] I believe it is… I was told from contacts in Iraq that this move to raise the price of oil was necessary so they could afford to RV.
4-19-2019 Intel Guru MarkZ ...it appears we are passed the point of no return and we will have it by Monday Morning...is what I have been told...we really are in a different position then we ever have been before. ...a number of smaller coins and notes hit the street in Iraq this week... I have a friend over there and they have seen coins and lower denominations in the streets this week...this gives us a very good indication they are prepared for it. [post 1 of 2....stay tuned]
4-19-2019 Newshound/Intel Guru BGG Article: "Central Bank Basra branch introduces a window to provide small cash categories" Quote: "The head of the Central Bank of Iraq Branch of Basra...said that in view of the small groups of the Iraqi currency traded in the markets, the Iraqi Central Bank branch in Basra sought to provide these quantities for the purpose of facilitating the deal between a single trader And the citizen. He stressed that the provision of cash from all groups will facilitate the sale and purchase between citizens and owners of shops." The ONLY news that matters today!!
4-19-2019 Intel Guru Bruce ...Now, we had heard on Wednesday...that we had a really good shot of going today or tomorrow... they wanted this to go prior to Resurrection Sunday. I think and this is my opinion, I believe that we will see something prior to this Sunday. Now, that is my opinion at this point based on all this evidence and information I got and received. I feel good about that. [post 2 of 2]
4-19-2019 Intel Guru Bruce [via PinkRoses] ...let’s start where Iraq is. Iraq...is involved in their all new banking system...the representative from Iraq Finance Minister being here in the United States to put together deals with Master Card and Visa for the country. We know that a few days ago the public in Iraq was paid at the new rate for the Dinar on their Qi cards, and we know the rate was over $5.00 in country. Now, I believe our rate here in the United States even though have it today on the screen, I do believe it is going to be specifically higher. [post 1 of 2....stay tuned]
4-19-2019 Newshound Guru MilitiaMan Article: "In Saudi Arabia ...The Iraqi Trade Bank opens its first branch abroad" Tell me this is not getting good! We see them open the ITB at a ribbon cutting ceremony and now the Heavy comes out and tells us the SA is putting up all there resources to help Iraq. Then we see them talk about small categories to revive the Economy.. Wow! ~ This is show time on a thursday playing out just like desert...imo.
4-19-2019 Newshound Guru Adam Montana ...on the list of items "coming up soon" is Ramadan. This is a big part of the timing... we're either going to see an RV before Ramadan, or after Ramadan. I've maintained for years that no RV will happen during Ramadan, and that hasn't changed. Ramadan comes early this time around - May 5 to June 4, according to google. Show me HCL news in the next week and I think we're looking at a big surprise...
4-19-2019 Intel Guru MarkZ [...is the "HCL" the HOLD UP? Iraqi PM is in Saudia Arabia. Is that an "OIL" deal about to happen and push the "HCL" INTO PLACE?] I believe it is… I was told from contacts in Iraq that this move to raise the price of oil was necessary so they could afford to RV.
4-18-2019 Intel Guru Frank26 SO NOW THE ASSOCIATION OF IRAQI PRIVATE BANKS ALSO COMES OUT AND SAYS TODAY THAT THEY HAVE (PAST TENSE) SET RECORD NUMBERS OF DEPOSITORS WITHIN ALL THE PRIVATE BANKS OF THE CBI. ...A "WINDOW"...A MECHANISM...IS ABOUT TO BE OPENED AT THESE PRIVATE BANKS SO THAT THE CITIZENS CAN GET THE CONTINUING EDUCATION OF THE LD'S THAT ARE BEING REPLACED DUE TO THEIR WEAR AND TEAR AND WHICH WILL COEXIST WITH THE NEW SMALL CATEGORY NOTES. ...THEY GIVE YOU THE REASONS FOR THE RI WITH VALUE FOR THE IQD. [post 2 of 2]
4-18-2019 Intel Guru Frank26 Articles: "A record rise in deposits in Iraq" "Central Bank Basra branch introduces a window to provide small cash categories" IT WAS OVER A YEAR AGO THAT WS [Guru Walkingstick] AND I EXPRESSED THAT A SECOND AND FINAL ARTICLE WOULD BE COMING TO THE CITIZENS OF IRAQ EXPLAINING IN DETAIL STEP BY STEP WHAT THEY NEEDED TO KNOW AND UNDERSTAND ABOUT THE NEW SMALL CATEGORY NOTES THAT THE CBI WAS ABOUT TO INTRODUCE ALONG WITH FOUR COINS. ...GUESS WHAT...I TOLD YOU SO! [post 1 of 2....stay tuned]
4-18-2019 Newshound Guru MilitiaMan Article: "Central Bank Basra branch introduces a window to provide small cash categories" Quote: "The Central Bank of Iraq (CBE) launched a branch of the Basra branch on Thursday to develop a window from the issue division to provide small groups of 250, 500 and 1,000 dinars." Smalls are available! holy smokes... 250, 500, 1,000s are lower denominations not small categories... It appears to me they are saying they have all groups, and in my opinion that means small categories as well. The article told us about new products. Well all groups will be about new products. As in small category ones. Mahdi and the CBI told us they are going raise the exchange rate.. Well they will need the new products to do so. This tells us they have all groups! imo...
4-18-2019 Intel Guru MarkZ Not a whole lot of movement last night...we were in a holding pattern...There are a number of whales that have exchange apts set up for tomorrow afternoon... From my contact at the Treasury...they believe out the door by Sunday...the CBI contractor contact had to reconfigure rates for employees earlier this week...we are really keeping an eye on that and open communication. ...I am not hearing there is any holdup…I am hearing that everything is planned and they want the reset done prior to the release of funds Easter Sunday.
4-18-2019 Newshound/Intel Guru Mnt Goat Article: "MINISTRY OF INDUSTRY AND MINERALS CALLS ON GOVT TO STOP SELLING THE DOLLAR AT THE CENTRAL BANK AUCTION" This is the first time recently that anyone from Iraq has come out and spoken to STOP the currency auctions. ...just like we have been saying all along this is prohibiting the take off of industry and the economy. It is also lessening the reserve amount. In another article today we see the CBI reserves are only $62 billion. This is not far from the amount told to us last Oct 2018. We can do the math ourselves and see that the reserves should be at least $70-80 by now. I am saying this going back to Dr Shabibi times at the rate the reserves used to grow from oil revenues. Strong CBI reserves means a strong dinar.
4-18-2019 Newshound Guru Adam Montana Iran and Iraq are friendlier than I like, but that's an emotional opinion rather than a business one. Iran is in a geographical position to be beneficial to Iraq, and Iraq does have a large percentage of it's population that is sympathetic to Iran, so some buddying up is to be expected and will not prevent or delay a restructuring or revaluing of their currency. Iran is handicapped by sanctions at the moment, so they are of less help than they would be otherwise. Saudi Arabia, on the other hand, is not crippled at all. They are powerful, in good graces on many accounts, and are getting friendlier with Iraq than they have in the past. Since Iran is not the most capable ally to Iraq, does it surprise anyone that PM Abadi is in Saudi Arabia today...discussing trade, policy, and OIL? Abadi is currently on day 1 of a 2 day visit. I am crossing my fingers for some solid progress as a result of the things I've just mentioned. I think we're going to see HCL news quicker than they are letting on. [post 2 of 2]
4-18-2019 Intel Guru Frank26 Articles: "A record rise in deposits in Iraq" "Central Bank Basra branch introduces a window to provide small cash categories" IT WAS OVER A YEAR AGO THAT WS [Guru Walkingstick] AND I EXPRESSED THAT A SECOND AND FINAL ARTICLE WOULD BE COMING TO THE CITIZENS OF IRAQ EXPLAINING IN DETAIL STEP BY STEP WHAT THEY NEEDED TO KNOW AND UNDERSTAND ABOUT THE NEW SMALL CATEGORY NOTES THAT THE CBI WAS ABOUT TO INTRODUCE ALONG WITH FOUR COINS. ...GUESS WHAT...I TOLD YOU SO! [post 1 of 2....stay tuned]
4-18-2019 Newshound Guru MilitiaMan Article: "Central Bank Basra branch introduces a window to provide small cash categories" Quote: "The Central Bank of Iraq (CBE) launched a branch of the Basra branch on Thursday to develop a window from the issue division to provide small groups of 250, 500 and 1,000 dinars." Smalls are available! holy smokes... 250, 500, 1,000s are lower denominations not small categories... It appears to me they are saying they have all groups, and in my opinion that means small categories as well. The article told us about new products. Well all groups will be about new products. As in small category ones. Mahdi and the CBI told us they are going raise the exchange rate.. Well they will need the new products to do so. This tells us they have all groups! imo...
4-18-2019 Intel Guru MarkZ Not a whole lot of movement last night...we were in a holding pattern...There are a number of whales that have exchange apts set up for tomorrow afternoon... From my contact at the Treasury...they believe out the door by Sunday...the CBI contractor contact had to reconfigure rates for employees earlier this week...we are really keeping an eye on that and open communication. ...I am not hearing there is any holdup…I am hearing that everything is planned and they want the reset done prior to the release of funds Easter Sunday.
4-18-2019 Newshound/Intel Guru Mnt Goat Article: "MINISTRY OF INDUSTRY AND MINERALS CALLS ON GOVT TO STOP SELLING THE DOLLAR AT THE CENTRAL BANK AUCTION" This is the first time recently that anyone from Iraq has come out and spoken to STOP the currency auctions. ...just like we have been saying all along this is prohibiting the take off of industry and the economy. It is also lessening the reserve amount. In another article today we see the CBI reserves are only $62 billion. This is not far from the amount told to us last Oct 2018. We can do the math ourselves and see that the reserves should be at least $70-80 by now. I am saying this going back to Dr Shabibi times at the rate the reserves used to grow from oil revenues. Strong CBI reserves means a strong dinar.
4-18-2019 Newshound Guru Adam Montana Iran and Iraq are friendlier than I like, but that's an emotional opinion rather than a business one. Iran is in a geographical position to be beneficial to Iraq, and Iraq does have a large percentage of it's population that is sympathetic to Iran, so some buddying up is to be expected and will not prevent or delay a restructuring or revaluing of their currency. Iran is handicapped by sanctions at the moment, so they are of less help than they would be otherwise. Saudi Arabia, on the other hand, is not crippled at all. They are powerful, in good graces on many accounts, and are getting friendlier with Iraq than they have in the past. Since Iran is not the most capable ally to Iraq, does it surprise anyone that PM Abadi is in Saudi Arabia today...discussing trade, policy, and OIL? Abadi is currently on day 1 of a 2 day visit. I am crossing my fingers for some solid progress as a result of the things I've just mentioned. I think we're going to see HCL news quicker than they are letting on. [post 2 of 2]
4-17-2019 Newshound Guru Adam Montana There was a bit of suspense regarding Iraqi Parliamentary activity today. The Financial Management aspect was pushed off, but I don't see that as a major factor. The other 5 matters were attended to, from what we can tell...5 out of 6 is a huge improvement over what we used to see out of Parliament! This is just another testament to the progress Iraq has made and continues to make. Oil...I know I don't have to harp on this, but oil is a big deal and Iraq is focused heavily. In fact, OIL wasn't even officially on the agenda for today's Parliament votes, yet it was still a heavy matter of discussion. I'm reading into that part. It wasn't even on the official agenda, but it was a major point of discussion. The goal, as stated by all reports, is to get affairs in order quickly. That makes sense to me, and I'm keeping a keen eye on things. To add to that thought, let's consider the current global situations of two other countries that are relevant to Iraq's progression: Iran and Saudi Arabia... [post 1of 2....stay tuned]
4-17-2019 Intel Guru MarkZ My contractor friends in Iraq who are working on the power grid, and whenever this thing gets close they bring them in and update contracts and readjust rates on Qi cards ...well, a number of times over the last few weeks this has happened. There is no changed rate yet…..but in Iraq they are anticipating it. [There is a perfect window coming tomorrow, markets close at noon tomorrow till Monday, banks stay open.] This would be a golden time to pull this off! I am still hearing from all sources that they want it done before Easter...There is a mad dash to get it out the door is what I am being told..
4-17-2019 Intel Guru RayRen98 We received information that the contractors were paid and it was under the new rates. More lower denoms are trickling out on the street and that the new rates are set. Time Will Tell.
4-17-2019 Intel Guru Bruce ...we know that the rates are, I don’t like the word locked and loaded on the screens...I think there is still some flexibility on the rates, but they are on there...rates are going to be good...Also, we are hearing that it is all going down before Easter...I am excited. [post 2
of 2]
4-17-2019 Intel Guru Bruce Iraq has some legislation that was passed and is going to be enacted tomorrow [Wednesday]... That is a new series of banking laws. The new banking legislation is going into effect tomorrow [Wednesday] ...we are hearing that should be some what of a kick off for everything. ...We had the Finance Minister from Iraq here in the United States I believe over the weekend. They did put some deals together with Master Card and Visa. I think that is important. That is really good. [post 1 of 2....stay tuned]
4-17-2019 Intel Guru Frank26 [via Clare] IS THERE A NEED FOR SOMETHING ELSE?...NO.
4-17-2019 Newshound Guru Kaperoni ...The government needs to...make significant strides towards stopping bribes, payoffs, money laundering and theft. CBI still as far as I know has not implemented Deposit Insurance. The safeguard is an absolute must for investors to bring their money to Iraq. And lastly I believe the CBI needs to accept the conditions of IMF Article VIII to allow freedom of movement of capital. In other words allow investors to get their profits out. These are not all mandatory but are significant enough to stop investors from bringing their capital to Iraq. And after all what we're looking for is significant investment capital to begin to create a private sector. [Post 2 of 2]
4-17-2019 Newshound/Intel Guru Walkingstick [via Clare] THERE IS NOTHING FROM STOPPING IRAQ FROM ADDING VALUE TO THEIR CURRENCY. EACH WEEK THEY ARE PREPARED TO RAISE THE VALUE OF THEIR CURRENCY...EACH WEEK THEY ADD FUEL TO THE FIRE."
4-17-2019 Intel Guru MarkZ My contractor friends in Iraq who are working on the power grid, and whenever this thing gets close they bring them in and update contracts and readjust rates on Qi cards ...well, a number of times over the last few weeks this has happened. There is no changed rate yet…..but in Iraq they are anticipating it. [There is a perfect window coming tomorrow, markets close at noon tomorrow till Monday, banks stay open.] This would be a golden time to pull this off! I am still hearing from all sources that they want it done before Easter...There is a mad dash to get it out the door is what I am being told..
4-17-2019 Intel Guru RayRen98 We received information that the contractors were paid and it was under the new rates. More lower denoms are trickling out on the street and that the new rates are set. Time Will Tell.
4-17-2019 Intel Guru Bruce ...we know that the rates are, I don’t like the word locked and loaded on the screens...I think there is still some flexibility on the rates, but they are on there...rates are going to be good...Also, we are hearing that it is all going down before Easter...I am excited. [post 2
of 2]
4-17-2019 Intel Guru Bruce Iraq has some legislation that was passed and is going to be enacted tomorrow [Wednesday]... That is a new series of banking laws. The new banking legislation is going into effect tomorrow [Wednesday] ...we are hearing that should be some what of a kick off for everything. ...We had the Finance Minister from Iraq here in the United States I believe over the weekend. They did put some deals together with Master Card and Visa. I think that is important. That is really good. [post 1 of 2....stay tuned]
4-17-2019 Intel Guru Frank26 [via Clare] IS THERE A NEED FOR SOMETHING ELSE?...NO.
4-17-2019 Newshound Guru Kaperoni ...The government needs to...make significant strides towards stopping bribes, payoffs, money laundering and theft. CBI still as far as I know has not implemented Deposit Insurance. The safeguard is an absolute must for investors to bring their money to Iraq. And lastly I believe the CBI needs to accept the conditions of IMF Article VIII to allow freedom of movement of capital. In other words allow investors to get their profits out. These are not all mandatory but are significant enough to stop investors from bringing their capital to Iraq. And after all what we're looking for is significant investment capital to begin to create a private sector. [Post 2 of 2]
4-17-2019 Newshound/Intel Guru Walkingstick [via Clare] THERE IS NOTHING FROM STOPPING IRAQ FROM ADDING VALUE TO THEIR CURRENCY. EACH WEEK THEY ARE PREPARED TO RAISE THE VALUE OF THEIR CURRENCY...EACH WEEK THEY ADD FUEL TO THE FIRE."
4-16-2019 Newshound Guru Chattels Article "Iraq's central bank announced on Tuesday that Iraq's foreign currency reserves rose to $ 62 billion. "The bank's foreign exchange reserve rose from $ 40 billion to $ 62 billion," said Central Bank of Payments director general Doha Abdul Karim. "The central bank has managed to control the level of inflation and maintain prices and maintain the purchasing power of the national currency, and adjust the exchange rate and close the gap." The Iraqi Central Bank, on July 12, 2018, that Iraq's foreign currency reserves amounted to 55.7 billion dollars, noting that Iraq has 89 tons of gold."
4-16-2019 Intel Guru MarkZ ...It’s going to be a good week…I feel very positive...All kinds of stuff shaking loose right now...I’m looking for an action packed week...and if I am hearing all this good news from Reno and DC and New York...I am sure you will read that others...are also hearing this news...After some back and forth with my BIS contacts…...they are expecting things to happen today...we are looking for a whole lot of news for completion this week...I was afraid to share this...after all the negative emails I have been getting ...So I am double and triple checking to make sure my info is correct before putting out...Dinar 4.50 street rate.. low 2's on dong...and Dinar in US may be $2 to $3 more...
4-16-2019 Newshound Guru Kaperoni Most people that follow me know what we're waiting on before will start to see any activity as far as the currency rising in value. But for those that don't know I'll recap a few of them...It is a must that they finish filling the final three or four ministers that are missing in the new government. Parliament needs to start passing some laws. These laws will make it more appealing for investors to come to Iraq. There are several still outstanding. Stability still needs to improve in some areas mostly outlining areas where construction will take place. [Post 1 of 2]
4-16-2019 Newshound Guru MilitiaMan Article: "The stock market continues its high rise" Quote: "The number of shares traded 1,1 billion shares valued at 820.5 million dinars" The volume has been increasing since ealier last week. A good sign confidence is gaining traction...imo A good thing!
4-16-2019 Newshound Guru Kaperoni The dinar can never RV...The dinar will float, and will rise gradually over time as investment come to Iraq...not overnight. Be patient. ...several good banking articles today including one from the IMF talking about the agreement they have with Iraq to diversify their economy...exactly what we been saying for years.
4-16-2019 Intel Guru MarkZ ...It’s going to be a good week…I feel very positive...All kinds of stuff shaking loose right now...I’m looking for an action packed week...and if I am hearing all this good news from Reno and DC and New York...I am sure you will read that others...are also hearing this news...After some back and forth with my BIS contacts…...they are expecting things to happen today...we are looking for a whole lot of news for completion this week...I was afraid to share this...after all the negative emails I have been getting ...So I am double and triple checking to make sure my info is correct before putting out...Dinar 4.50 street rate.. low 2's on dong...and Dinar in US may be $2 to $3 more...
4-16-2019 Newshound Guru Kaperoni Most people that follow me know what we're waiting on before will start to see any activity as far as the currency rising in value. But for those that don't know I'll recap a few of them...It is a must that they finish filling the final three or four ministers that are missing in the new government. Parliament needs to start passing some laws. These laws will make it more appealing for investors to come to Iraq. There are several still outstanding. Stability still needs to improve in some areas mostly outlining areas where construction will take place. [Post 1 of 2]
4-16-2019 Newshound Guru MilitiaMan Article: "The stock market continues its high rise" Quote: "The number of shares traded 1,1 billion shares valued at 820.5 million dinars" The volume has been increasing since ealier last week. A good sign confidence is gaining traction...imo A good thing!
4-16-2019 Newshound Guru Kaperoni The dinar can never RV...The dinar will float, and will rise gradually over time as investment come to Iraq...not overnight. Be patient. ...several good banking articles today including one from the IMF talking about the agreement they have with Iraq to diversify their economy...exactly what we been saying for years.
4-15-2019 Newshound Guru Sunkissed This is a very BIG article when you break it down. For us:
1. settlement of salaries of employees in the public and private sectors
2. integration of Iraq in the global economy
3. increasing geographical spread of banks
4. electronic payment and their impact in attracting the mass of cash
5. and the launch of deposit insurance
Why would they need these mechanisms AT A PROGRAM RATE? They wouldn't!! I love this article!! [post 2 of 2]
4-15-2019 Newshound Guru Sunkissed Article: "76.89 trillion dinars value of deposits in commercial banks" WOW!!!...HUGE HUGE statement: "...in addition to Iraq rid of the financial crisis that hit in 2014" They are saying here that they have overcome their financial crisis!! AND the private sector deposits EXCEEDED the government deposits -- looks like the mattresses are getting leaner! And furthermore: "the relationship between the citizen and the banking sector is witnessing a significant improvement" The Iraqi's are TRUSTING their banks! WOWOWOWOWOW! Think about the significance of this for a minute: Would you trust your bank if every. single. dictator. that you have ever had, has stolen your money and gold from your accounts? The CBI and Banks have accomplished GREAT strides for sure!! [post 1 of 2....stay tuned]
4-15-2019 Intel Guru MarkZ [via PDK] [Are we there yet?] No not yet. I heard there was a few last things to wrap up... as of this am we went back to an any minute scenario...Expectations are high but the timing is frustrating. Nothing out of Iraq yet this morning...Oil prices going up is probably great for us...just manage expectations on rates...it has to make financial sense... ...I suspect the street rate on the Dinar will be...about $4.50...on the dong- I suspect it will be about $2.25... [How long can they keep the rates locked?] I was told would be good for 10 days..so there is about 7 days left yet on locked rates...I am looking for movement damn quick... Banks and my contacts there are still saying this week...I do not think we have to wait for the weekend...I hope to have more news late this afternoon.
4-15-2019 Newshound Guru Whitelions Iraq assures the International Monetary Fund (IMF) that it is adopting a new policy to diversify its sources of income.
4-15-2019 Newshound/Intel Guru Mnt Goat ...it is the Central Bank of Iraq that is responsible for the reinstatement of the Iraqi dinar not US banks. ...There is absolutely NOTHING coming from the CBI or within Iraq that can lend us to believe this is going to happen sooner than later. We are on track for early 2020 at best.
4-15-2019 Newshound Guru Don961 Article: "Agenda of the session No. (10) Monday, 15 April 2019" Quote: "First: Vote on the draft law amending the law of the recovery of Iraq’s money No. (9) for 2012... Second: Vote on the draft law amending the Companies Law No. (21) of 1997. (Committee on Economy and Investment, Committee on Culture, Information, Tourism and Antiquities)." 2 economic votes Monday... big vote coming Wednesday...imo.
1. settlement of salaries of employees in the public and private sectors
2. integration of Iraq in the global economy
3. increasing geographical spread of banks
4. electronic payment and their impact in attracting the mass of cash
5. and the launch of deposit insurance
Why would they need these mechanisms AT A PROGRAM RATE? They wouldn't!! I love this article!! [post 2 of 2]
4-15-2019 Newshound Guru Sunkissed Article: "76.89 trillion dinars value of deposits in commercial banks" WOW!!!...HUGE HUGE statement: "...in addition to Iraq rid of the financial crisis that hit in 2014" They are saying here that they have overcome their financial crisis!! AND the private sector deposits EXCEEDED the government deposits -- looks like the mattresses are getting leaner! And furthermore: "the relationship between the citizen and the banking sector is witnessing a significant improvement" The Iraqi's are TRUSTING their banks! WOWOWOWOWOW! Think about the significance of this for a minute: Would you trust your bank if every. single. dictator. that you have ever had, has stolen your money and gold from your accounts? The CBI and Banks have accomplished GREAT strides for sure!! [post 1 of 2....stay tuned]
4-15-2019 Intel Guru MarkZ [via PDK] [Are we there yet?] No not yet. I heard there was a few last things to wrap up... as of this am we went back to an any minute scenario...Expectations are high but the timing is frustrating. Nothing out of Iraq yet this morning...Oil prices going up is probably great for us...just manage expectations on rates...it has to make financial sense... ...I suspect the street rate on the Dinar will be...about $4.50...on the dong- I suspect it will be about $2.25... [How long can they keep the rates locked?] I was told would be good for 10 days..so there is about 7 days left yet on locked rates...I am looking for movement damn quick... Banks and my contacts there are still saying this week...I do not think we have to wait for the weekend...I hope to have more news late this afternoon.
4-15-2019 Newshound Guru Whitelions Iraq assures the International Monetary Fund (IMF) that it is adopting a new policy to diversify its sources of income.
4-15-2019 Newshound/Intel Guru Mnt Goat ...it is the Central Bank of Iraq that is responsible for the reinstatement of the Iraqi dinar not US banks. ...There is absolutely NOTHING coming from the CBI or within Iraq that can lend us to believe this is going to happen sooner than later. We are on track for early 2020 at best.
4-15-2019 Newshound Guru Don961 Article: "Agenda of the session No. (10) Monday, 15 April 2019" Quote: "First: Vote on the draft law amending the law of the recovery of Iraq’s money No. (9) for 2012... Second: Vote on the draft law amending the Companies Law No. (21) of 1997. (Committee on Economy and Investment, Committee on Culture, Information, Tourism and Antiquities)." 2 economic votes Monday... big vote coming Wednesday...imo.
4-14-2019 Newshound Guru MilitiaMan Article:
"Mohammed al-Halbusi to (Tigris): Washington is waiting for Iraq to rely on
itself on the economic side" ...we see that the USA is calling for Iraq
to rely on herself. Well to do that they'll need to rely on the new
strength that goes with internationalism. Internationalism is at a true rate
with hardy fundamentals, not a forced program rate from the past. Looks to
me they were told time is up. So, I would then think that
they are about to use the tools they have to finally do it.
4-14-2019 Newshound Guru Kaperoni ...If and when the dinar begins to rise it will be gradual via a float to counter pressure...created from investment...
4-14-2019 Newshound Guru Kaperoni ...If and when the dinar begins to rise it will be gradual via a float to counter pressure...created from investment...
4-13-2019 Intel Guru MarkZ I am told we are all done in Iraq...just waiting for the CBI to announce it...Ministers do not need to be announced in Iraq...[WHAT IS YOUR PERCENTAGE **NOW** ...FOR THE BANKS STILL ON MONDAY?] I am still saying 99.9%...We are so stinking close! [post 2 of 2]
4-13-2019 Intel Guru MarkZ I got one very excited call...he’s the attorney who helped set up my SKR…He said our funding is in place…CMKX in position... he said they can see the numbers... I am still excited but had been hoping we would be doing cartwheels already this morning... No holdup…just logistics as they position for release. [...they are doing testing today.] I am being told same thing...there is a lot of testing and a lot of pinging…there is a whole lot to watch today. [post 1 of 2....stay tuned]
4-13-2019 Intel Guru MarkZ [...did Trump have to sign off on the GCR/RV to make it start?] Trump has to sign off just for his portion…he is not the end all...but he had to do his part. We are not waiting on the other things at this point. [When do you think we will be at the bank?] I’m thinking you and me and everyone will be banking on Monday. Remember to say “exchanging” not “cashing in”. Also I feel you should make your appointments ASAP...Don’t wait…. We all hope tonight is the night... [Note: Speak with your tax attorney and financial advisors at the appropriate time.]
4-13-2019 Intel Guru MarkZ I got one very excited call...he’s the attorney who helped set up my SKR…He said our funding is in place…CMKX in position... he said they can see the numbers... I am still excited but had been hoping we would be doing cartwheels already this morning... No holdup…just logistics as they position for release. [...they are doing testing today.] I am being told same thing...there is a lot of testing and a lot of pinging…there is a whole lot to watch today. [post 1 of 2....stay tuned]
4-13-2019 Intel Guru MarkZ [...did Trump have to sign off on the GCR/RV to make it start?] Trump has to sign off just for his portion…he is not the end all...but he had to do his part. We are not waiting on the other things at this point. [When do you think we will be at the bank?] I’m thinking you and me and everyone will be banking on Monday. Remember to say “exchanging” not “cashing in”. Also I feel you should make your appointments ASAP...Don’t wait…. We all hope tonight is the night... [Note: Speak with your tax attorney and financial advisors at the appropriate time.]
4-12-2019 Newshound/Intel Guru Mnt Goat Article: "TUESDAY THE RELEASE OF THREE MONTHS OF SALARY OF THE FULL-TIME APPOINTMENT OF NON-RECIPIENTS IN THE PROVINCE OF BAGHDAD" Last week they released the funds for salaries in the Kurdistan region and this week in the Baghdad regional provinces. This all is occurring just as the CBI said they would do weeks ago. They are paying out in the program rate of 1180 not the RV rate...
4-12-2019 Newshound/Intel Guru Mnt Goat Article: "FINANCIAL INCLUSION WEEK WILL BE LAUNCHED 25TH OF THIS APRIL" Quote: “stimulating ENVIRONMENT FOR WITHDRAWING THE ACCUMULATED CASH MASS THROUGH THE PROVISION of various financial services”. The CBI needs to get these dinar notes from out of the homes still stashed and get them out of circulation and into the banks. This is part of the project to delete the zeros. Iraq does not want millions of millionaires. Just recently we read yet another article on this topic of these notes stashed in the homes and necessity to get them into the banks. So this makes twice recently on this topic.
4-12-2019 Intel Guru Bruce [via PinkRoses] The information that we are hearing is again very positive in the sense we are moving forward. Seeing things that are occurring that are indicating we are on the right track and we are almost ready to be notified... I believe the latest update I had from top bank sources is indicating the possibility of receiving notification let’s say around or by lunchtime Friday, tomorrow... that is when the games are pretty much over. ...I would just say the intention is to get this started for us this week... ...All the rates are on the screens. They are locked and ready to go. ...We will see what tomorrow [Friday] brings. I am very excited.
4-12-2019 Intel Guru MarkZ [did the whales exchange today (Thursday) as planned?] No …they did not…they got lots of guarantees and told to be "on call" starting tomorrow to definitely get them in this weekend. [When can we start exchanging dinar:] Based on long conversations with banks today a handful may be done this weekend with the bulk starting on Monday morning. [Are you feeling 100% yet?] I am 100% sure its about to happen…just not 100% sure on exact timing...no one is. [post 3 of 3]
4-12-2019 Intel Guru MarkZ [What rates are you hearing now?] This is a guess...what makes sense to me...$4.40 for a in country rate on the dinar... possibly as high as 6.50 in the US...this is only my opinion...I always thought Low 2$ to $2.30 range on the dong...Just my opinion and makes sense to me... [Hard to comprehend there is so much return on our currency for all the currency holders – wow] Yes it is tough to believe...but we see all the signs…a lot of movement with swift and AIB…. ...There is so much happening as we move toward the asset backed world. [post 2 of 3....stay tuned]
4-12-2019 Intel Guru MarkZ [via PDK] The news is phenomenal today...very exciting...they are putting our horses in the starting gate... The 800 numbers are fair game anywhere from Friday night to Sunday night... logistically It makes more sense for Sunday now. ...The rates locked in but not released yet for us... [can we expect numbers to change on the CBI when this goes?] I expect to see the rates on the CBI a day after this all goes…so they do not have to mess with time zones and leaks. ...The forex window closing on Friday evening to Sunday is what makes the most sense for things to happen at this point. I am absolutely convinced that we are past the point of no return... [post 1 of 3....stay tuned]
4-12-2019 Newshound/Intel Guru Mnt Goat Article: "FINANCIAL INCLUSION WEEK WILL BE LAUNCHED 25TH OF THIS APRIL" Quote: “stimulating ENVIRONMENT FOR WITHDRAWING THE ACCUMULATED CASH MASS THROUGH THE PROVISION of various financial services”. The CBI needs to get these dinar notes from out of the homes still stashed and get them out of circulation and into the banks. This is part of the project to delete the zeros. Iraq does not want millions of millionaires. Just recently we read yet another article on this topic of these notes stashed in the homes and necessity to get them into the banks. So this makes twice recently on this topic.
4-12-2019 Intel Guru Bruce [via PinkRoses] The information that we are hearing is again very positive in the sense we are moving forward. Seeing things that are occurring that are indicating we are on the right track and we are almost ready to be notified... I believe the latest update I had from top bank sources is indicating the possibility of receiving notification let’s say around or by lunchtime Friday, tomorrow... that is when the games are pretty much over. ...I would just say the intention is to get this started for us this week... ...All the rates are on the screens. They are locked and ready to go. ...We will see what tomorrow [Friday] brings. I am very excited.
4-12-2019 Intel Guru MarkZ [did the whales exchange today (Thursday) as planned?] No …they did not…they got lots of guarantees and told to be "on call" starting tomorrow to definitely get them in this weekend. [When can we start exchanging dinar:] Based on long conversations with banks today a handful may be done this weekend with the bulk starting on Monday morning. [Are you feeling 100% yet?] I am 100% sure its about to happen…just not 100% sure on exact timing...no one is. [post 3 of 3]
4-12-2019 Intel Guru MarkZ [What rates are you hearing now?] This is a guess...what makes sense to me...$4.40 for a in country rate on the dinar... possibly as high as 6.50 in the US...this is only my opinion...I always thought Low 2$ to $2.30 range on the dong...Just my opinion and makes sense to me... [Hard to comprehend there is so much return on our currency for all the currency holders – wow] Yes it is tough to believe...but we see all the signs…a lot of movement with swift and AIB…. ...There is so much happening as we move toward the asset backed world. [post 2 of 3....stay tuned]
4-12-2019 Intel Guru MarkZ [via PDK] The news is phenomenal today...very exciting...they are putting our horses in the starting gate... The 800 numbers are fair game anywhere from Friday night to Sunday night... logistically It makes more sense for Sunday now. ...The rates locked in but not released yet for us... [can we expect numbers to change on the CBI when this goes?] I expect to see the rates on the CBI a day after this all goes…so they do not have to mess with time zones and leaks. ...The forex window closing on Friday evening to Sunday is what makes the most sense for things to happen at this point. I am absolutely convinced that we are past the point of no return... [post 1 of 3....stay tuned]
4-11-2019 Newshound/Intel Guru Mnt Goat I have told everyone this before but...we might just be waiting until Jan 2020 again. This is of course the worst scenario...I have also said... that I do not see much more that the CBI has to do to move ahead to the final step with the project to delete the zeros. It appears they take giant leaps and bounds and then just stall again. ... We all know this situation if very fluid and changes almost daily. ...So right now, unless we see some different signs, we must cool down our anxieties, relax and let Iraq do what it does. [post 3 of 3]
4-11-2019 Newshound/Intel Guru Mnt Goat 2) Also we know that a FREE MARKET economy will force Iraq to deal with international trade and so how cumbersome will this conversion of dinars to dollars $$$ be in draining the CBI reserves by these currency auctions? They will have to move to a floating rate dinar and reinstate it to be ultimately successful in this FREE MARKET economy if this is truly where they want to go. Oh - but we also know that they can not move to reinstate the dinar unless the also complete the “project to delete the zeros”. The two efforts are interconnected. There is much resistance to both ideas and many economist have their opinions of the effects of both of them and so you see the real set of problems here? [post 2 of 3....stay tuned]
4-11-2019 Intel Guru MarkZ A number of whales have appointments today...we are watching it closely. Based on all the progress last night I believe we really should see something by 3 or 4 today or by tonight. I will be very upset if we do not see anything tonight or tomorrow morning. [will you come in to confirm the first 800 numbers?] ...we will start streaming the 800 numbers immediately. ...I will get #’s directly from the bank...I will verify all the banks 800 numbers that they give me before I release it... This is not an “IF “ it’s a “When” ...This is Proof of the pudding day… [post 2 of 2]
4-11-2019 Intel Guru MarkZ The news overnight was too big! We are told the 3rd rate locked in …We are told they expect to release dollars today...to me The Proof is in the Pudding...we heard from government contacts as well… They said we crossed the point of no return…I am told It all broke loose last night ...they firmly believe 800#’s today…. …I was reached out to by Attorneys and Politicians and government contacts…. I think maybe late tonight…the go-ahead order was given at about 4AM. [post 1 of 2....stay tuned]
4-11-2019 Newshound/Intel Guru Mnt Goat ...The news now from Iraq is all about two issues now: 1) paying out the salaries and pensions and catching up on owed bills; 2) getting investors to take hold in Iraq and the switch over from a CENTRALIZED GOVT RUN economy to a FREE MARKET economy. I do not know how the full extent of these two main issues matter for the timing of the reinstatement, but I will say this: 1) The IMF has always had a mandate that Iraq be able to pay its bills on time. They want Iraq to move forward to a more timely monthly payment schedule. This is monetary stability. [post 1 of 3....stay tuned]
4-11-2019 Newshound Guru Larrykn Article: "The meeting is the first Iraqi Gulf for over 30 years." Quote: "...the first meeting between Iraq and the Secretariat of the GCC, in more than 30 years, leading to the signing of memorandums to boost security cooperation And military, as well as the launch of an investment conference in Baghdad soon to receive Gulf investments in Iraq..." WOW: This is what we have been waiting to see, they are working on all the areas that need to be boosted. Iraq seems to want to get this done now, maybe changes are a coming .
4-11-2019 Newshound Guru G-Lin Article: "Iraqi-Gulf meeting is the first in more than 30 years" Quote: " ...the fruit of the first high-level meeting between Iraq and the GCC Secretariat for more than 30 years. For the launch of an investment conference in Baghdad soon, to receive Gulf investments in Iraq." This could be big. Iraq joining GCC could break some of that dependency on Iran...
4-11-2019 Intel Guru MarkZ [via PDK] Wednesday Night Update... I have waiting to hear from 2 banking high ups – and I’m trying to confirm this but I am hearing WF locked in rates this afternoon... 2 of the 3 rates needed to process us are supposed to be locked in and just waiting for one more to lock in. Once they have the final rate locked in...everything starts. If things go out as planned roll out tomorrow [Thursday]...very positive on the RV front...I am thinking dollars tomorrow... [could there be any delays at this point?] I am hearing nothing about delays...not a word anywhere…this is moving… ...people I know have appointments for tomorrow [Thursday] morning and afternoon... I hate being this excited …but just cant help it right now.
4-11-2019 Newshound/Intel Guru Mnt Goat 2) Also we know that a FREE MARKET economy will force Iraq to deal with international trade and so how cumbersome will this conversion of dinars to dollars $$$ be in draining the CBI reserves by these currency auctions? They will have to move to a floating rate dinar and reinstate it to be ultimately successful in this FREE MARKET economy if this is truly where they want to go. Oh - but we also know that they can not move to reinstate the dinar unless the also complete the “project to delete the zeros”. The two efforts are interconnected. There is much resistance to both ideas and many economist have their opinions of the effects of both of them and so you see the real set of problems here? [post 2 of 3....stay tuned]
4-11-2019 Intel Guru MarkZ A number of whales have appointments today...we are watching it closely. Based on all the progress last night I believe we really should see something by 3 or 4 today or by tonight. I will be very upset if we do not see anything tonight or tomorrow morning. [will you come in to confirm the first 800 numbers?] ...we will start streaming the 800 numbers immediately. ...I will get #’s directly from the bank...I will verify all the banks 800 numbers that they give me before I release it... This is not an “IF “ it’s a “When” ...This is Proof of the pudding day… [post 2 of 2]
4-11-2019 Intel Guru MarkZ The news overnight was too big! We are told the 3rd rate locked in …We are told they expect to release dollars today...to me The Proof is in the Pudding...we heard from government contacts as well… They said we crossed the point of no return…I am told It all broke loose last night ...they firmly believe 800#’s today…. …I was reached out to by Attorneys and Politicians and government contacts…. I think maybe late tonight…the go-ahead order was given at about 4AM. [post 1 of 2....stay tuned]
4-11-2019 Newshound/Intel Guru Mnt Goat ...The news now from Iraq is all about two issues now: 1) paying out the salaries and pensions and catching up on owed bills; 2) getting investors to take hold in Iraq and the switch over from a CENTRALIZED GOVT RUN economy to a FREE MARKET economy. I do not know how the full extent of these two main issues matter for the timing of the reinstatement, but I will say this: 1) The IMF has always had a mandate that Iraq be able to pay its bills on time. They want Iraq to move forward to a more timely monthly payment schedule. This is monetary stability. [post 1 of 3....stay tuned]
4-11-2019 Newshound Guru Larrykn Article: "The meeting is the first Iraqi Gulf for over 30 years." Quote: "...the first meeting between Iraq and the Secretariat of the GCC, in more than 30 years, leading to the signing of memorandums to boost security cooperation And military, as well as the launch of an investment conference in Baghdad soon to receive Gulf investments in Iraq..." WOW: This is what we have been waiting to see, they are working on all the areas that need to be boosted. Iraq seems to want to get this done now, maybe changes are a coming .
4-11-2019 Newshound Guru G-Lin Article: "Iraqi-Gulf meeting is the first in more than 30 years" Quote: " ...the fruit of the first high-level meeting between Iraq and the GCC Secretariat for more than 30 years. For the launch of an investment conference in Baghdad soon, to receive Gulf investments in Iraq." This could be big. Iraq joining GCC could break some of that dependency on Iran...
4-11-2019 Intel Guru MarkZ [via PDK] Wednesday Night Update... I have waiting to hear from 2 banking high ups – and I’m trying to confirm this but I am hearing WF locked in rates this afternoon... 2 of the 3 rates needed to process us are supposed to be locked in and just waiting for one more to lock in. Once they have the final rate locked in...everything starts. If things go out as planned roll out tomorrow [Thursday]...very positive on the RV front...I am thinking dollars tomorrow... [could there be any delays at this point?] I am hearing nothing about delays...not a word anywhere…this is moving… ...people I know have appointments for tomorrow [Thursday] morning and afternoon... I hate being this excited …but just cant help it right now.
4-10-2019 Newshound Guru G-Lin I really don't know what the trigger will be in regards to a currency adjustment. I have always felt it would be prompted by trade. Tariffs. We have seen Iraq increase their exports and decrease their imports in the last few years. That needs to continue. Total independence in agriculture and in all of the "Made in Iraq" products. I noticed another meeting with WTO a month or so ago. They are working at complying with necessary requirements. They did have the first reading of the draft mineral investment law today in Parl.
4-10-2019 Intel Guru MarkZ We were also told that Appointments were set up with whales with HSBC and WF for Thursday to make appointments to exchange currencies...Some of these people I know and they are personal friends. I am not a whale...Whales are people who already have a regular relationship with bankers...prior investments and stuff like that. ...they have like 50M dinar 50M dong or more. Large amounts of currency… Its possible that we could see 800#'s today...The banks have expectations. It is looking good for Thursday right now with the movement. [Anything new on rates?] Here is what I still believe...makes sense to me…. Street rate Dinar will be $4 to 4.50...I think $6 to $8 for contract rate... I believe the Dong will be in the low $2's to $2.20 or so. I will keep digging for news today…
4-10-2019 Newshound Guru larrykn ...I think most countries are pegged to the US dollar, so...saying they are against the us dollar means they are competing against the US dollar...I think that is right. ...the currency is adjusted to the GDP of the country. what that country has to offer, I think Iraq has a lot to offer and not just oil. with the private sector coming in , they will do quite well in the world
4-10-2019 Newshound Guru MilitiaMan Article: "Demands to create an economy based on international foundations" Going to a free market economy is exactly what we have been waiting for...The amount of jobs that will be created will be huge...we just were told the 2018 budget had a surplus of $3 billion and that is to be used to benefit the citizens per the HML [HCL ?]! Let’s also not forget the Turk model they are following requires that that law be in place and it is and was enacted 01/13/2019 and is being adjusted to and. Right on time. So there is no surprise they are talking about going to a free market economy, as they have the checklist checked! Imo.
4-10-2019 Intel Guru Bruce Saturday... we had the Zim (Bruce said Zim, but I think he might have meant Dinar) at a very nice rate just below $8.00 on the screens. Dong is back at a lower rate than it was and it got started trading Sunday night, and it is on its way trading and I am sure it is trading back up. I am going to encourage everybody to be very excited and positive about what should be happening here this week. ...I am looking at a fantastic week for all of us. [post 2 of 2]
4-10-2019 Intel Guru Bruce [via PinkRoses] This is kind of where we are. I understand... there is an automated portion...maybe the entire system is automated to take our 800 number call ins. My understanding is that up until late last night ...banks were being connected to the 800 number reservation system that they had not been yet connected and they were scrambling to get those additional banks that are going to be part of the redemption process...to be connected to the automated reservation system. Now, we also heard the toll-free number could come virtually anytime now. The update was for approximately lunchtime tomorrow [Wednesday]. ...We think that could signal our start. [post 1 of 2....stay tuned]
4-10-2019 Newshound Guru Breitling Things change…My confidence in the Iraqi dinar has never changed. So they have to change the tactic on what they need to do to maintain a certain economy. They are adapting to whatever the market is going to be…You shouldn’t have any fear…In my view…the worst case scenario it gets to $2.70, $2.80 and this is within the GCC and the market…So I’m just thinking about that market and what’s involved. And just like any other currency, is it too high within a market and then it won’t work…and if they avoid that and just get into the world market that’s not going to work. They have to be locally plugged in and take advantage of the international markets. [post 2 of 2]
4-10-2019 Intel Guru MarkZ We were also told that Appointments were set up with whales with HSBC and WF for Thursday to make appointments to exchange currencies...Some of these people I know and they are personal friends. I am not a whale...Whales are people who already have a regular relationship with bankers...prior investments and stuff like that. ...they have like 50M dinar 50M dong or more. Large amounts of currency… Its possible that we could see 800#'s today...The banks have expectations. It is looking good for Thursday right now with the movement. [Anything new on rates?] Here is what I still believe...makes sense to me…. Street rate Dinar will be $4 to 4.50...I think $6 to $8 for contract rate... I believe the Dong will be in the low $2's to $2.20 or so. I will keep digging for news today…
4-10-2019 Newshound Guru larrykn ...I think most countries are pegged to the US dollar, so...saying they are against the us dollar means they are competing against the US dollar...I think that is right. ...the currency is adjusted to the GDP of the country. what that country has to offer, I think Iraq has a lot to offer and not just oil. with the private sector coming in , they will do quite well in the world
4-10-2019 Newshound Guru MilitiaMan Article: "Demands to create an economy based on international foundations" Going to a free market economy is exactly what we have been waiting for...The amount of jobs that will be created will be huge...we just were told the 2018 budget had a surplus of $3 billion and that is to be used to benefit the citizens per the HML [HCL ?]! Let’s also not forget the Turk model they are following requires that that law be in place and it is and was enacted 01/13/2019 and is being adjusted to and. Right on time. So there is no surprise they are talking about going to a free market economy, as they have the checklist checked! Imo.
4-10-2019 Intel Guru Bruce Saturday... we had the Zim (Bruce said Zim, but I think he might have meant Dinar) at a very nice rate just below $8.00 on the screens. Dong is back at a lower rate than it was and it got started trading Sunday night, and it is on its way trading and I am sure it is trading back up. I am going to encourage everybody to be very excited and positive about what should be happening here this week. ...I am looking at a fantastic week for all of us. [post 2 of 2]
4-10-2019 Intel Guru Bruce [via PinkRoses] This is kind of where we are. I understand... there is an automated portion...maybe the entire system is automated to take our 800 number call ins. My understanding is that up until late last night ...banks were being connected to the 800 number reservation system that they had not been yet connected and they were scrambling to get those additional banks that are going to be part of the redemption process...to be connected to the automated reservation system. Now, we also heard the toll-free number could come virtually anytime now. The update was for approximately lunchtime tomorrow [Wednesday]. ...We think that could signal our start. [post 1 of 2....stay tuned]
4-10-2019 Newshound Guru Breitling Things change…My confidence in the Iraqi dinar has never changed. So they have to change the tactic on what they need to do to maintain a certain economy. They are adapting to whatever the market is going to be…You shouldn’t have any fear…In my view…the worst case scenario it gets to $2.70, $2.80 and this is within the GCC and the market…So I’m just thinking about that market and what’s involved. And just like any other currency, is it too high within a market and then it won’t work…and if they avoid that and just get into the world market that’s not going to work. They have to be locally plugged in and take advantage of the international markets. [post 2 of 2]
4-9-2019 Newshound Guru Breitling …The Iraqi dinar is going to revalue. The west set it up to revalue. Their banking system is set up for a higher rate to be able to participate in the world markets. Everybody knows this…It’s going to revalue. Do we know when? Absolutely not. And the way that it revalues things change. It simply changes. Think about…from 2011 to what it is today - It’s a completely different world. The projections are completely different. You had senators getting up in the senate and saying there was 50 years of oil left…obviously they’re full of it. Obviously they were lying and trying to create an artificial market…and they had a president that backed it all up…that’s why we live in a completely different world. [post 1 of 2]
4-9-2019 Intel Guru MarkZ We are still sitting here on the edge of our seats...I am still expectant ...I am tired of being this hyped up…but everything we hear from everyone is still very positive. I know it’s close...just managing our expectations is hard... I do not control the dates…just passing on the news as I am told... I have been called many names and threatened this week...this is a reason many people quit sharing... Again – this is not an “if” – it’s a “when”... Watching years of no movement and now seeing movement everywhere still has me excited. I feel we are really past the point of no return… There is a chance I will have to go silent...If I do you will get a tweet letting you all know. If there is any big news I will let you all know…
4-9-2019 Newshound Guru Breitling …The GCC countries…are going to want to be a part of that…there are two things that have to happen. Iraq has to revalue its currency to participate so they have the money to invest…If you’re getting less and less dollars because the price of oil is going down then they’re going to have to add value to their own currency to make up for that. Also, if they go too high within the GCC…no one is going to invest in Iraq. Why go to Iraq and pay $3.22…when you can go right next do or to Saudi Arabia and [pay] $.23 for whatever you’re buying. What it does it puts a cap on how far the currency can go…that’s why I’m speculating that it will never get to $3.22. And I could be completely wrong. [Post 2 of 2]
4-9-2019 Newshound Guru Breitling I noticed a big huge trend. A little bit of fear. And there is no reason for it…[My] statement…“I don’t think the dinar is going to get to $3.25.” That is just my opinion…Where does that come from?…We understand the opportunity for them to revalue is oil prices. Well there are other things on the table and it has to do the the GCC which is basically a trading block in the middle east. …what’s being proposed for peace in the middle east between Israel and the countries that surround Israel will have an indirect effect for Iraq and its currency…and it’s all good news. …The United States has agreed to put 2 Trillion into helping and sustaining the framework of this trading block… [Post 1 of 2]
4-9-2019 Newshound Guru Adam Montana [...do you see the passing of the 2019 budget with the old rate in it as significant? Do you think we will now need to wait until 2020 to see an increase in the rate?...] No to both questions. I’ll expand on that briefly - the budget as passed allocated a specific dollar amount to specific items. This dollar amount gives Iraq a functioning government and will not need to be changed with the rate.
4-9-2019 Intel Guru MarkZ [Ramadan is May 5 to June 4] I believe we will be out of the gate and long done by then.
4-9-2019 Intel Guru Delta Article: "IRAQ IS CLOSING IN ON A MAJOR ECONOMIC BREAKTHROUGH" I LOVE IT....ALL OVER THE NEWS IN IRAQ... MORE GOOD NEWS..."free-trade zone will be established between Saudi Arabia and Iraq"
4-9-2019 Intel Guru MarkZ We are still sitting here on the edge of our seats...I am still expectant ...I am tired of being this hyped up…but everything we hear from everyone is still very positive. I know it’s close...just managing our expectations is hard... I do not control the dates…just passing on the news as I am told... I have been called many names and threatened this week...this is a reason many people quit sharing... Again – this is not an “if” – it’s a “when”... Watching years of no movement and now seeing movement everywhere still has me excited. I feel we are really past the point of no return… There is a chance I will have to go silent...If I do you will get a tweet letting you all know. If there is any big news I will let you all know…
4-9-2019 Newshound Guru Breitling …The GCC countries…are going to want to be a part of that…there are two things that have to happen. Iraq has to revalue its currency to participate so they have the money to invest…If you’re getting less and less dollars because the price of oil is going down then they’re going to have to add value to their own currency to make up for that. Also, if they go too high within the GCC…no one is going to invest in Iraq. Why go to Iraq and pay $3.22…when you can go right next do or to Saudi Arabia and [pay] $.23 for whatever you’re buying. What it does it puts a cap on how far the currency can go…that’s why I’m speculating that it will never get to $3.22. And I could be completely wrong. [Post 2 of 2]
4-9-2019 Newshound Guru Breitling I noticed a big huge trend. A little bit of fear. And there is no reason for it…[My] statement…“I don’t think the dinar is going to get to $3.25.” That is just my opinion…Where does that come from?…We understand the opportunity for them to revalue is oil prices. Well there are other things on the table and it has to do the the GCC which is basically a trading block in the middle east. …what’s being proposed for peace in the middle east between Israel and the countries that surround Israel will have an indirect effect for Iraq and its currency…and it’s all good news. …The United States has agreed to put 2 Trillion into helping and sustaining the framework of this trading block… [Post 1 of 2]
4-9-2019 Newshound Guru Adam Montana [...do you see the passing of the 2019 budget with the old rate in it as significant? Do you think we will now need to wait until 2020 to see an increase in the rate?...] No to both questions. I’ll expand on that briefly - the budget as passed allocated a specific dollar amount to specific items. This dollar amount gives Iraq a functioning government and will not need to be changed with the rate.
4-9-2019 Intel Guru MarkZ [Ramadan is May 5 to June 4] I believe we will be out of the gate and long done by then.
4-9-2019 Intel Guru Delta Article: "IRAQ IS CLOSING IN ON A MAJOR ECONOMIC BREAKTHROUGH" I LOVE IT....ALL OVER THE NEWS IN IRAQ... MORE GOOD NEWS..."free-trade zone will be established between Saudi Arabia and Iraq"
4-8-2019 Intel Guru MarkZ Well in the past we have heard so many sorry stories and the can was kicked so many times...but this time I don’t think is one of them...As of now, I am excited we will see solid movement overnight. [Any news about rates?] Hearing 4.50 up to $6 or $8 for contract rates on the dinar...dong - I still think about $ 2.20 to $2.60... [What is your percentage for this week?] I feel very confident and will stick with 99.9. [post 2 of 2]
4-8-2019 Intel Guru MarkZ We have all been so hyped up for the last two weeks and we need to manage our expectations but we really are that close...IMO. News really slowed down Sat. Night...the decision was made to pull the trigger ...we expect late this evening...there is a tremendous commitment to get this done. By later Saturday everyone in...Iraq was saying Tuesday was the day to look for. Should make for a crazy two days. If 800 numbers show up tonight or Tuesday we should be in banks by Wednesday. [post 1 of 2....stay tuned]
4-8-2019 Intel/Newshound Guru Sandyf [If the Saudi's currency is worth 27 cents I would think Iraq's currency is worth at least that if not more. I've study this thing upside down and sideways ...I still find it hard to believe Iraq and the US went through all of this for nothing...] When considering the value of a currency you have to take into account how much is in circulation. Kuwait has about 40 billion dinar in circulation and Iraq around 44 trillion, see the difference. I believe as much as you do that something may well happen...
4-8-2019 Newshound Guru Adam Montana When people see something rising in value, they predictably want to catch that wave... People see other people making profits and want to join in, and again the herd mentality can push a stock or a currency or anything else that is being traded to levels that it shouldn't actually attain. Eventually the markets will stabilize, as they always do. In Iraq's case, this is exactly why I lean towards a pegged RV rate opposed to a complete free float on the market. It will be easier for them to control a major change if they also control the fluctuation, and they stand to make enough profits on an RV that they will be better served by taking the profits on a fixed spread rather than trying to "catch it at the top". A pegged rate, at least initially, will allow them to control and maintain a higher rate. They are doing all this with their actions in their government, and the price of oil going up at a steady and fairly predictable rate gives them the ability to create a solid path to higher profitability. End result? Everything we’re looking for! [post 3 of 3]
4-8-2019 Newshound Guru Adam Montana Iraq’s currency price is based on their ability to sell it to other countries, just like any other country with a tradable currency. Their ability to sell their currency is determined by what other countries will pay for it - this is the basic concept of supply and demand. ...In order for Iraq to raise the "sell" price of their currency, they have to create a strong market for it. ...If Iraq wasn't making progress towards stability and strength, we would have no chance of an RV. That is...not the case. Iraq IS moving in the right direction. ...That's really all this comes down to...Iraq's ability to raise the value of their currency is based on the perceived ability to provide a solid expectation of return on investment. [post 2 of 3....stay tuned]
4-8-2019 Newshound Guru Adam Montana If you’ve kept up with my recent posts, you know I’m excited about oil...We finished the week still above $60 on the WTI charts... and still going strong. BIG PICTURE TIME. There are a lot of moving parts here, but the biggest thing we're waiting on right now is the HCL. There are a bunch of articles and news related to HCL, and I'm even getting some very encouraging private messages from my contacts about the progress, but the bottom line right now is this: HCL has not been concluded at this time. Therefore we have no RV...yet. Yet, we have reason to keep hanging on, and if I may be so bold...we have a damn good reason for it. [post 1 of 3....stay tuned]
4-8-2019 Intel Guru MarkZ We have all been so hyped up for the last two weeks and we need to manage our expectations but we really are that close...IMO. News really slowed down Sat. Night...the decision was made to pull the trigger ...we expect late this evening...there is a tremendous commitment to get this done. By later Saturday everyone in...Iraq was saying Tuesday was the day to look for. Should make for a crazy two days. If 800 numbers show up tonight or Tuesday we should be in banks by Wednesday. [post 1 of 2....stay tuned]
4-8-2019 Intel/Newshound Guru Sandyf [If the Saudi's currency is worth 27 cents I would think Iraq's currency is worth at least that if not more. I've study this thing upside down and sideways ...I still find it hard to believe Iraq and the US went through all of this for nothing...] When considering the value of a currency you have to take into account how much is in circulation. Kuwait has about 40 billion dinar in circulation and Iraq around 44 trillion, see the difference. I believe as much as you do that something may well happen...
4-8-2019 Newshound Guru Adam Montana When people see something rising in value, they predictably want to catch that wave... People see other people making profits and want to join in, and again the herd mentality can push a stock or a currency or anything else that is being traded to levels that it shouldn't actually attain. Eventually the markets will stabilize, as they always do. In Iraq's case, this is exactly why I lean towards a pegged RV rate opposed to a complete free float on the market. It will be easier for them to control a major change if they also control the fluctuation, and they stand to make enough profits on an RV that they will be better served by taking the profits on a fixed spread rather than trying to "catch it at the top". A pegged rate, at least initially, will allow them to control and maintain a higher rate. They are doing all this with their actions in their government, and the price of oil going up at a steady and fairly predictable rate gives them the ability to create a solid path to higher profitability. End result? Everything we’re looking for! [post 3 of 3]
4-8-2019 Newshound Guru Adam Montana Iraq’s currency price is based on their ability to sell it to other countries, just like any other country with a tradable currency. Their ability to sell their currency is determined by what other countries will pay for it - this is the basic concept of supply and demand. ...In order for Iraq to raise the "sell" price of their currency, they have to create a strong market for it. ...If Iraq wasn't making progress towards stability and strength, we would have no chance of an RV. That is...not the case. Iraq IS moving in the right direction. ...That's really all this comes down to...Iraq's ability to raise the value of their currency is based on the perceived ability to provide a solid expectation of return on investment. [post 2 of 3....stay tuned]
4-8-2019 Newshound Guru Adam Montana If you’ve kept up with my recent posts, you know I’m excited about oil...We finished the week still above $60 on the WTI charts... and still going strong. BIG PICTURE TIME. There are a lot of moving parts here, but the biggest thing we're waiting on right now is the HCL. There are a bunch of articles and news related to HCL, and I'm even getting some very encouraging private messages from my contacts about the progress, but the bottom line right now is this: HCL has not been concluded at this time. Therefore we have no RV...yet. Yet, we have reason to keep hanging on, and if I may be so bold...we have a damn good reason for it. [post 1 of 3....stay tuned]
4-7-2019 Newshound Guru G-Lin ...I'm not sure exactly why they are bringing it back. Will they add amendments? Will any additional amendments address a rate? Everything is guess work at this stage and I'm sure that's deliberate. They also changed the date on the introduction into Parl. again From Apr.10th to Apr. 17th. I'm hoping we will learn a little more between now and the 17th. So we wait. But I like the direction this is taking. They just held a seminar on the deletion of zeros and that is encouraging. They definitely are talking about it... [post 2 of 2]
4-7-2019 Newshound Guru G-Lin The Financial Management Law {FML} was voted on in Parl. already on Jan.13th 2019. It is very long and detailed and was posted on the Parl. site. It tells us at the bottom of this posting that it was enacted. The definition of enacted is: Make a bill or other proposal a law. However, in the...art... "Parliamentary Finance intends to develop mechanisms to maintain the stability of the dinar exchange rate" ...they say "the financial Parliament is keen to enact the law of financial administration". So... [post 1 of 2....stay tuned]
4-7-2019 Newshound Guru larrykn Articles: "Trade show kicks off to members of the Organization of Islamic cooperation with Baghdad."; "Iraq: we hope to double bilateral trade between Islamic countries for more than 481 billion" I like that they are getting all these trade deals together, this is a great start to the private sector we are all looking for.
4-7-2019 Intel Guru Bluwolf ...this blessing is about to start. Be ready with documents in hands...we are minute by minute in this with a view to receive 800 at any moment. Opening the coffers of change for the inside Monday to Tuesday of this week...The rates will be high...Victory times are coming up... Be...on alert...
4-7-2019 Intel/Newshound Guru sandyf [...in all the yrs! The rate has never been in the budget.] You are quite right, there is no rate in a budget. Iraq, like many other countries and businesses, must publish their accounts and budgets in both local currency and USD so there is a rate of exchange between the 2 versions. As far as Iraq is concerned the rate makes little difference to their income revenue and the USD budget, whatever the rate they would still only get the market price for a barrel of oil.
4-7-2019 Newshound Guru G-Lin The Financial Management Law {FML} was voted on in Parl. already on Jan.13th 2019. It is very long and detailed and was posted on the Parl. site. It tells us at the bottom of this posting that it was enacted. The definition of enacted is: Make a bill or other proposal a law. However, in the...art... "Parliamentary Finance intends to develop mechanisms to maintain the stability of the dinar exchange rate" ...they say "the financial Parliament is keen to enact the law of financial administration". So... [post 1 of 2....stay tuned]
4-7-2019 Newshound Guru larrykn Articles: "Trade show kicks off to members of the Organization of Islamic cooperation with Baghdad."; "Iraq: we hope to double bilateral trade between Islamic countries for more than 481 billion" I like that they are getting all these trade deals together, this is a great start to the private sector we are all looking for.
4-7-2019 Intel Guru Bluwolf ...this blessing is about to start. Be ready with documents in hands...we are minute by minute in this with a view to receive 800 at any moment. Opening the coffers of change for the inside Monday to Tuesday of this week...The rates will be high...Victory times are coming up... Be...on alert...
4-7-2019 Intel/Newshound Guru sandyf [...in all the yrs! The rate has never been in the budget.] You are quite right, there is no rate in a budget. Iraq, like many other countries and businesses, must publish their accounts and budgets in both local currency and USD so there is a rate of exchange between the 2 versions. As far as Iraq is concerned the rate makes little difference to their income revenue and the USD budget, whatever the rate they would still only get the market price for a barrel of oil.
4-6-2019 Newshound Guru larrykn I don't think Kap [Guru Kaperoni] is that far off to be honest, I can see this coming out as a float, I'm just not sure it will start were [where ?] it is at now.
4-6-2019 Intel Guru MarkZ News is pretty slim this morning... There is [no] bad news and no great news...take the quiet as a good thing... I still hope to get news yet today... Remember they are trying to keep us in the dark...My gut is saying Sun evening for 800#... In Iraq - I have not been able to verify any rate in the Gazette... My Iraq contact really thought would see a rate change over the weekend... the last I spoke with him was on Friday.
4-6-2019 Newshound Guru Kaperoni ...The dinar can never revalue. It can only gradually appreciate via a float once the CBI moves off the peg. ...I have proven that they're going to float the currency and I have been accurate for the past 8 years on the developments in Iraq. ...there can never be an RV.
4-6-2019 Intel Guru MarkZ IMO the Dong could support 2 to 2.50 rate...
4-6-2019 Intel Guru RayRen98 Iraqi TV broadcasting April 25 to be a launch date for the financial inclusion to the private sector. Iraqi TV is also broadcasting travel bans have been initiated against select government officials not allowing them to leave the country. Maliki is ASSUMED to be on house arrest. Time Will Tell...it all.
4-6-2019 Intel Guru MarkZ News is pretty slim this morning... There is [no] bad news and no great news...take the quiet as a good thing... I still hope to get news yet today... Remember they are trying to keep us in the dark...My gut is saying Sun evening for 800#... In Iraq - I have not been able to verify any rate in the Gazette... My Iraq contact really thought would see a rate change over the weekend... the last I spoke with him was on Friday.
4-6-2019 Newshound Guru Kaperoni ...The dinar can never revalue. It can only gradually appreciate via a float once the CBI moves off the peg. ...I have proven that they're going to float the currency and I have been accurate for the past 8 years on the developments in Iraq. ...there can never be an RV.
4-6-2019 Intel Guru MarkZ IMO the Dong could support 2 to 2.50 rate...
4-6-2019 Intel Guru RayRen98 Iraqi TV broadcasting April 25 to be a launch date for the financial inclusion to the private sector. Iraqi TV is also broadcasting travel bans have been initiated against select government officials not allowing them to leave the country. Maliki is ASSUMED to be on house arrest. Time Will Tell...it all.
4-5-2019 Intel Guru MarkZ …Expecting 800#'s tonight or early tomorrow. I feel really solid about my sources. We are so stinking close...I am definentely excited! I think we will see the 800#'s before the rates on forex... I could not find the Dinar on the forex, but they do expect it soon...I have a friend ...watching it for us… ...hoping to see tremendous progress tonight... expectation for tomorrow but we will see...so many expectations from everywhere...I really feel this weekend we will wake up to a a new world. Today I am at a 99.93% . Im excited and so ready to be done. They hid Kuwait for 10 days so we shall see. If there is any news...I will come in ...if not I will see you on Sat. [post 2 of 2]
4-5-2019 Intel Guru MarkZ From Iraq...The word from bankers is they are expecting the new rates to show late this evening…so afternoon for us here. My guy in Iraq said no new rates yet...Expecting a rate tonight for them...IMO Rates are...what I am hearing and what makes sense...street rate around the mid 4's for the dinar .maybe $6 - $7 in the US...dong 2.00 to 2.25. I still believe we will have no No tax on our exchange...currency is usually not taxed…It is covered in a tax treaty is what we have been told. [Always check with your tax professional] [post 1 of 2....stay tuned]
4-5-2019 Newshound Guru larrykn ...they can change the rate at anytime even if the budget came out ...of course it came out at 1190, thats the rate today, all will change when they are ready to revalue. ...they are working on getting things going, the trade deals they are working on is what they should be paying attention too, thats where the news is at, they are moving forward. [reference Mnt Goat post 4-5-2019]
4-5-2019 Newshound/Intel Guru Mnt Goat "Breaking news… The 2019 Budget is now opened" Well, well, well…it looks like Iraq has finally opened their 2019 budget and paid out at the 1180 rate according to this article. So we all know what that means. We need to settle down, relax... This is going to be yet another end of year January 2020. But my CBI contact was correct. They did pay out and open the budget this week. Just not at the rate we all wanted.
4-5-2019 Newshound Guru larrykn Articles: "Iraq provides Saudi investors 186 investment opportunities..."; "Saudi Arabia pledged a grant of one billion dollars for Iraq and is preparing to sign 13 conventions with him."; "Iraq and Lebanon are discussing lifting the visa between the two countries" Lots of deals going on over there right now, all good news.
4-5-2019 Newshound Guru G-Lin Article: "Parliamentary Finance intends to develop mechanisms to maintain the stability of the dinar exchange rate" Quote: "the financial Parliament is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state', indicating that 'the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation in the country." I think the vote on draft of the financial administration law is huge. This may open the door. If they vote on it or enact it, it could be what is necessary to change the value of the dinar. They told us it will raise the value...
4-5-2019 Intel Guru Bruce It is currently on the Bank screens at $7.62, and it should elevate...It is projected to get to $7.92 tomorrow [Friday] afternoon. ...Iraq is supposed to put everything they have in the Gazette Saturday morning Iraqi time...No, we do not have to wait on them. That is good...the Dong is projected tomorrow [Friday] afternoon, this is what I was told, $5.48...Am I calling it? I am doing my best not to call it. It is what it is. Take that for what it is, and we will see how that plays out... I am excited about where we are... [post 2 of 2]
4-5-2019 Intel Guru Bruce [via PinkRoses] ...we are right now...what I would call the end of the ride. The reason I say that and why I am jacked up about everything is we had heard back on Tuesday ...I had heard the fact this thing was close, that the 800 numbers were coming, and I even had days of Friday and Saturday... The truth of the matter is there are things happening...Where do we stand now? The Iraqi Dinar finally made it to the...the Forex and to the Bank screens...around the globe internationally it is visible... You can see it on Forex. You can see it on your bank screen if you are a banker...it should be tradable internationally... tonight [Thursday]. [post 1 of 2....stay tuned]
4-5-2019 Intel Guru MarkZ [A lot of people are talking about the FEDWIRE being down that they are also bringing in De La Rue machines and the employees are being told they are changing the banking sytems. Have you heard anything like that?] Yes..I have heard alot of stories like that…from all over the US...I have talked to a lot of tellers getting ready for the new systems...In fact here at WF the Manager working with a Teller... the manager told the teller she would be working on international transactions soon.
4-5-2019 Intel Guru RayRen98 Three names have been submitted to PM Mahdi for the Interior and Defense Minister positions by Construction and Reform. Reportedly, Iraqi TV was broadcasting the adoption of a policy opening the country regionally and internationally in all applications.
4-5-2019 Intel Guru MarkZ From Iraq...The word from bankers is they are expecting the new rates to show late this evening…so afternoon for us here. My guy in Iraq said no new rates yet...Expecting a rate tonight for them...IMO Rates are...what I am hearing and what makes sense...street rate around the mid 4's for the dinar .maybe $6 - $7 in the US...dong 2.00 to 2.25. I still believe we will have no No tax on our exchange...currency is usually not taxed…It is covered in a tax treaty is what we have been told. [Always check with your tax professional] [post 1 of 2....stay tuned]
4-5-2019 Newshound Guru larrykn ...they can change the rate at anytime even if the budget came out ...of course it came out at 1190, thats the rate today, all will change when they are ready to revalue. ...they are working on getting things going, the trade deals they are working on is what they should be paying attention too, thats where the news is at, they are moving forward. [reference Mnt Goat post 4-5-2019]
4-5-2019 Newshound/Intel Guru Mnt Goat "Breaking news… The 2019 Budget is now opened" Well, well, well…it looks like Iraq has finally opened their 2019 budget and paid out at the 1180 rate according to this article. So we all know what that means. We need to settle down, relax... This is going to be yet another end of year January 2020. But my CBI contact was correct. They did pay out and open the budget this week. Just not at the rate we all wanted.
4-5-2019 Newshound Guru larrykn Articles: "Iraq provides Saudi investors 186 investment opportunities..."; "Saudi Arabia pledged a grant of one billion dollars for Iraq and is preparing to sign 13 conventions with him."; "Iraq and Lebanon are discussing lifting the visa between the two countries" Lots of deals going on over there right now, all good news.
4-5-2019 Newshound Guru G-Lin Article: "Parliamentary Finance intends to develop mechanisms to maintain the stability of the dinar exchange rate" Quote: "the financial Parliament is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state', indicating that 'the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation in the country." I think the vote on draft of the financial administration law is huge. This may open the door. If they vote on it or enact it, it could be what is necessary to change the value of the dinar. They told us it will raise the value...
4-5-2019 Intel Guru Bruce It is currently on the Bank screens at $7.62, and it should elevate...It is projected to get to $7.92 tomorrow [Friday] afternoon. ...Iraq is supposed to put everything they have in the Gazette Saturday morning Iraqi time...No, we do not have to wait on them. That is good...the Dong is projected tomorrow [Friday] afternoon, this is what I was told, $5.48...Am I calling it? I am doing my best not to call it. It is what it is. Take that for what it is, and we will see how that plays out... I am excited about where we are... [post 2 of 2]
4-5-2019 Intel Guru Bruce [via PinkRoses] ...we are right now...what I would call the end of the ride. The reason I say that and why I am jacked up about everything is we had heard back on Tuesday ...I had heard the fact this thing was close, that the 800 numbers were coming, and I even had days of Friday and Saturday... The truth of the matter is there are things happening...Where do we stand now? The Iraqi Dinar finally made it to the...the Forex and to the Bank screens...around the globe internationally it is visible... You can see it on Forex. You can see it on your bank screen if you are a banker...it should be tradable internationally... tonight [Thursday]. [post 1 of 2....stay tuned]
4-5-2019 Intel Guru MarkZ [A lot of people are talking about the FEDWIRE being down that they are also bringing in De La Rue machines and the employees are being told they are changing the banking sytems. Have you heard anything like that?] Yes..I have heard alot of stories like that…from all over the US...I have talked to a lot of tellers getting ready for the new systems...In fact here at WF the Manager working with a Teller... the manager told the teller she would be working on international transactions soon.
4-5-2019 Intel Guru RayRen98 Three names have been submitted to PM Mahdi for the Interior and Defense Minister positions by Construction and Reform. Reportedly, Iraqi TV was broadcasting the adoption of a policy opening the country regionally and internationally in all applications.
4-4-2019 Newshound Guru MilitiaMan Article: "Association of Iraqi private banks holds a preparatory meeting for the day of financial inclusion" Financial Inclusion is a hot topic for not only the IMF but the Bank of International Settlements and the World Bank. Think about it why are they working so close with Private Banks? Because, imo those that have a lot of wealth or will have a lot in the short term will use them... They will bring in their wealth to the banks...to exchange it into the new products. Won't Private Banks need the new small category notes to facilitate their new beginning into a market economy? The wealthy own businesses and will need new product for daily transactions. ...They will also need the ability for the markets to do Foreign wire transfers for those that do international trade.
4-4-2019 Intel Guru MarkZ [Do you think there is a predetermined time for the release or is it just going to go when an ok is given?] I think it will go when the OK is given...they are now 5 days past the goal they were hoping to achieve….we are on a day to day basis right now...could happen at anytime... I really believe they are trying very hard to get everything done this week...Remember its not an "if" its a "when"... ...If I get news I will...come back...today... [post 2 of 2]
4-4-2019 Intel Guru MarkZ I do see people possibly going to the banks over the weekend...we are waiting with bated breath to see what happened overnight...big expectations of everything kicking off last night...I believe we have passed over the point of no return...we are just looking for the smoking gun...I'm trying to get that now... Possibility of tonight for 800#'s ...latest on the weekend... Its been very frustrating...this week however we are still seeing consistent progress everywhere ...I'm still excited to where we are...at what could happen even as early as today. Spoke yesterday w my contact in Iraq...No rate published in Gazette yet as of yesterday...IMO… This is the closest we've been... [post 1 of 2....stay tuned]
4-4-2019 Newshound/Intel Guru Mnt Goat Next we know that the Kurds or anybody else was not yet paid and to this date still the payroll files have not gone out. We are not moving into the fourth month without opening the 2019 budget. Conversation with my CBI contact on Monday: We were told the reinstatement rate is within the new budget and when it is opened they plan to pay out on the new rate. This why the hold up. Another cause of the holdup was a large sting operation on counterfeit currency coming from Iran. Billions of dollars worth of notes were confiscated. From my CBI contact they did run all the payroll files but they reflected the wrong rate under the program rate….oops!. They had to re-run the file and now it is based on the new rate. I was told the rate but also asked not to reveal it. I was told they will definitely pay the Kurds this week. We can expect to see articles news on this and the reinstatement may happen VERY soon afterward... [post 3 of 3]
4-4-2019 Newshound/Intel Guru Mnt Goat We know that just recently the speaker of parliament Halboussi returned from meetings in USA with government officials. ...Primary conversations were of course on the presence of US military forces in Iraq. This was settled. Next, he was told he needed to get the...government formed and do it now. ...we now hear that April 9th is the target for the next voting session on these candidates. But that is a week away and another holiday is fast approaching. Next we learned that Iraq conducted a symposium or seminar on the “project to delete the zeros”. WOW! Why...would they do this if they were not serious about going ahead with it soon? They are trying to put the final touches on the process and educate those key people on what is about to happen. [post 2 of 3....stay tuned]
4-4-2019 Newshound/Intel Guru Mnt Goat Okay so everyone wants to know what happened with the reinstatement. We know that the CBI did in FACT have a March target...this target, like other targets, is predicated on completing certain issues/tasks. So what have we learned in March that we can take forward...about the timing of this reinstatement? We can clearly see by the dozens of articles that the cabinet is not yet completed and the hard requirement is still to “fully” complete the cabinet. ...We learned that the IMF is ready to go and is “demanding” the CBI to “free up the exchange rate”. We can conclude this means to put it on a float in the open marketplace (global exchanges). So the pressure is on. [post 1 of 3....stay tuned]
4-4-2019 Intel Guru Delta Article: "Iraq imports goods from Kuwait worth 7 billion Iraqi dinars during the past month" ...NOTICE NO $$$ AT ALL...FIRST TIME...KUWAIT GETTING PAID BY IQD.
4-4-2019 Intel Guru MarkZ [Do you think there is a predetermined time for the release or is it just going to go when an ok is given?] I think it will go when the OK is given...they are now 5 days past the goal they were hoping to achieve….we are on a day to day basis right now...could happen at anytime... I really believe they are trying very hard to get everything done this week...Remember its not an "if" its a "when"... ...If I get news I will...come back...today... [post 2 of 2]
4-4-2019 Intel Guru MarkZ I do see people possibly going to the banks over the weekend...we are waiting with bated breath to see what happened overnight...big expectations of everything kicking off last night...I believe we have passed over the point of no return...we are just looking for the smoking gun...I'm trying to get that now... Possibility of tonight for 800#'s ...latest on the weekend... Its been very frustrating...this week however we are still seeing consistent progress everywhere ...I'm still excited to where we are...at what could happen even as early as today. Spoke yesterday w my contact in Iraq...No rate published in Gazette yet as of yesterday...IMO… This is the closest we've been... [post 1 of 2....stay tuned]
4-4-2019 Newshound/Intel Guru Mnt Goat Next we know that the Kurds or anybody else was not yet paid and to this date still the payroll files have not gone out. We are not moving into the fourth month without opening the 2019 budget. Conversation with my CBI contact on Monday: We were told the reinstatement rate is within the new budget and when it is opened they plan to pay out on the new rate. This why the hold up. Another cause of the holdup was a large sting operation on counterfeit currency coming from Iran. Billions of dollars worth of notes were confiscated. From my CBI contact they did run all the payroll files but they reflected the wrong rate under the program rate….oops!. They had to re-run the file and now it is based on the new rate. I was told the rate but also asked not to reveal it. I was told they will definitely pay the Kurds this week. We can expect to see articles news on this and the reinstatement may happen VERY soon afterward... [post 3 of 3]
4-4-2019 Newshound/Intel Guru Mnt Goat We know that just recently the speaker of parliament Halboussi returned from meetings in USA with government officials. ...Primary conversations were of course on the presence of US military forces in Iraq. This was settled. Next, he was told he needed to get the...government formed and do it now. ...we now hear that April 9th is the target for the next voting session on these candidates. But that is a week away and another holiday is fast approaching. Next we learned that Iraq conducted a symposium or seminar on the “project to delete the zeros”. WOW! Why...would they do this if they were not serious about going ahead with it soon? They are trying to put the final touches on the process and educate those key people on what is about to happen. [post 2 of 3....stay tuned]
4-4-2019 Newshound/Intel Guru Mnt Goat Okay so everyone wants to know what happened with the reinstatement. We know that the CBI did in FACT have a March target...this target, like other targets, is predicated on completing certain issues/tasks. So what have we learned in March that we can take forward...about the timing of this reinstatement? We can clearly see by the dozens of articles that the cabinet is not yet completed and the hard requirement is still to “fully” complete the cabinet. ...We learned that the IMF is ready to go and is “demanding” the CBI to “free up the exchange rate”. We can conclude this means to put it on a float in the open marketplace (global exchanges). So the pressure is on. [post 1 of 3....stay tuned]
4-4-2019 Intel Guru Delta Article: "Iraq imports goods from Kuwait worth 7 billion Iraqi dinars during the past month" ...NOTICE NO $$$ AT ALL...FIRST TIME...KUWAIT GETTING PAID BY IQD.
4-3-2019 Intel Guru MarkZ My sources who are Attorneys and Trustees were telling me they heard that everything was supposed to kick off Wednesday ..I "think" they start off tonight...
4-3-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQI CURRENCY PASSED THROUGH SEVERAL STAGES" Again more education going on...They are telling the citizens again not to buy or try to use the old Saddam Hussein notes prior to 2003. No smaller categories yet but the education of them is coming too. Hang in just a little longer…
4-3-2019 Newshound Guru Adam Montana ...the benchmark price I chose is WTI [West Texas Intermediate], which is not necessarily "Iraqi Oil"...WTI is a commonly used price that can be used to reasonably gauge activity across various markets. Since actual daily Iraqi production and sales are not readily available, it makes sense to track another index or marker that has a more reliable report available. As of this writing, oil (WTI) has surpassed $60 and is on a steady pace (slow and steady wins the race!) upwards. This isn't the only thing that matters, of course. The ReValuation (RV) of the Iraqi Dinar isn't hinged on any one item by any means! It is a culmination of many moving parts, and OIL is only one of them... but OIL is a big piece, and it's performing exactly as we we want. [post 2 of 2]
4-3-2019 Newshound Guru Adam Montana Just a quick note this morning, because I'm bubbling with excitement over the recent progress and feel compelled to get something up here. No, we don't have an HCL...and no, there has been no RV announcement. But, boy howdy, talk about tracking! Iraq, the CBI, President Trump, and the Easter Bunny all have something in common: NONE of them are going to give us a specific "heads up" when Iraq is about to pull the trigger on a ReValuation of the Iraqi Dinar. Our job here is to be informed, engaged, and prepared. OIL is over my forecasted/predicted/anticipated mark of $60... [post 1 of 2....stay tuned]
4-3-2019 Intel Guru Bruce Regarding Forex, over the weekend...there was a brand-new format for the Forex, a new template. Guess what? These currencies that we hold were known as and have been known as exotic currencies. Guess what? The exotics we hold are now in the same format as the rest of the world’s currencies. So, they have been essentially upgraded to the point of being fully tradable...probably the Dong, and I think the Dinar is just about ready to hit the screens. I have given you a heads up on rates...the Dinar supposed to come out well over $7, but maybe well over $8 or $9, and it should continue up from there. I would encourage you to be ready to get everything together. Let’s see what happens. I am excited. I think and hope we are just about there. [post 3 of 3]
4-3-2019 Intel Guru Bruce What about Iraq? ...Gazette days are Saturday and Wednesday. Did the everything come out in the Gazette Saturday? No. Will it come out tomorrow [Wednesday]? We believe...Iraq will have completed ...what it is what they have been promising...which is put out an international rate, have everything activated for their budget, Parliament seats they need to talk about, all of that is supposed to be done...So that is a very positive thing of what we should expect from Iraq. [post 2 of 3....stay tuned]
4-3-2019 Intel Guru Bruce [via PinkRoses] I am excited guys and it is for a good reason, I believe. You realize that this ride we have been on has been a little up and down...You know how we sort of had last week a Tuesday/Wednesday window that we thought would be happening. The next thing you know it gets pushed. Then we were looking at a Friday/Saturday. We didn’t get the Friday/Saturday. Things were happening. That is the important thing. Things were moving along where we were seeing things getting accomplished, and that was important... [post 1 of 2....stay tuned]
4-3-2019 Newshound Guru MilitiaMan Article: "World Bank: Iraqi economy will grow in 2019" Quote: "...the Iraqi economy will witness a remarkable recovery in the coming period, likely to rise economic growth after the formation of the government of Prime Minister Adel Abdul Mahdi." If this is not an ESCORT, I don't know what is.. lol ...The World Bank is telling the world that Iraq is going to have a remarkable recovery.. Lol This is the WORLD BANK one of the FAB 4... This article screams that what we are waiting on is as real as it gets, imo!!
4-3-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQI CURRENCY PASSED THROUGH SEVERAL STAGES" Again more education going on...They are telling the citizens again not to buy or try to use the old Saddam Hussein notes prior to 2003. No smaller categories yet but the education of them is coming too. Hang in just a little longer…
4-3-2019 Newshound Guru Adam Montana ...the benchmark price I chose is WTI [West Texas Intermediate], which is not necessarily "Iraqi Oil"...WTI is a commonly used price that can be used to reasonably gauge activity across various markets. Since actual daily Iraqi production and sales are not readily available, it makes sense to track another index or marker that has a more reliable report available. As of this writing, oil (WTI) has surpassed $60 and is on a steady pace (slow and steady wins the race!) upwards. This isn't the only thing that matters, of course. The ReValuation (RV) of the Iraqi Dinar isn't hinged on any one item by any means! It is a culmination of many moving parts, and OIL is only one of them... but OIL is a big piece, and it's performing exactly as we we want. [post 2 of 2]
4-3-2019 Newshound Guru Adam Montana Just a quick note this morning, because I'm bubbling with excitement over the recent progress and feel compelled to get something up here. No, we don't have an HCL...and no, there has been no RV announcement. But, boy howdy, talk about tracking! Iraq, the CBI, President Trump, and the Easter Bunny all have something in common: NONE of them are going to give us a specific "heads up" when Iraq is about to pull the trigger on a ReValuation of the Iraqi Dinar. Our job here is to be informed, engaged, and prepared. OIL is over my forecasted/predicted/anticipated mark of $60... [post 1 of 2....stay tuned]
4-3-2019 Intel Guru Bruce Regarding Forex, over the weekend...there was a brand-new format for the Forex, a new template. Guess what? These currencies that we hold were known as and have been known as exotic currencies. Guess what? The exotics we hold are now in the same format as the rest of the world’s currencies. So, they have been essentially upgraded to the point of being fully tradable...probably the Dong, and I think the Dinar is just about ready to hit the screens. I have given you a heads up on rates...the Dinar supposed to come out well over $7, but maybe well over $8 or $9, and it should continue up from there. I would encourage you to be ready to get everything together. Let’s see what happens. I am excited. I think and hope we are just about there. [post 3 of 3]
4-3-2019 Intel Guru Bruce What about Iraq? ...Gazette days are Saturday and Wednesday. Did the everything come out in the Gazette Saturday? No. Will it come out tomorrow [Wednesday]? We believe...Iraq will have completed ...what it is what they have been promising...which is put out an international rate, have everything activated for their budget, Parliament seats they need to talk about, all of that is supposed to be done...So that is a very positive thing of what we should expect from Iraq. [post 2 of 3....stay tuned]
4-3-2019 Intel Guru Bruce [via PinkRoses] I am excited guys and it is for a good reason, I believe. You realize that this ride we have been on has been a little up and down...You know how we sort of had last week a Tuesday/Wednesday window that we thought would be happening. The next thing you know it gets pushed. Then we were looking at a Friday/Saturday. We didn’t get the Friday/Saturday. Things were happening. That is the important thing. Things were moving along where we were seeing things getting accomplished, and that was important... [post 1 of 2....stay tuned]
4-3-2019 Newshound Guru MilitiaMan Article: "World Bank: Iraqi economy will grow in 2019" Quote: "...the Iraqi economy will witness a remarkable recovery in the coming period, likely to rise economic growth after the formation of the government of Prime Minister Adel Abdul Mahdi." If this is not an ESCORT, I don't know what is.. lol ...The World Bank is telling the world that Iraq is going to have a remarkable recovery.. Lol This is the WORLD BANK one of the FAB 4... This article screams that what we are waiting on is as real as it gets, imo!!
4-2-2019 Intel Guru MarkZ [...some where I remember reading that 99% of the resets occurred in April...] You are correct…you have done your homework...they usually do occur in April.
4-2-2019 Newshound/Intel Guru Mnt Goat This is BIG news...more education going on. Many ...might downplay this seminar but this is exactly what we have been waiting for. This was just held on Wednesday. This is NOT something from the past...how can you not get excited. Just because they are not saying everyday or any day RV this is still HUGE news. Any article on the project to delete the zeros is huge news since we know this is what is going to get us the significant increase in the value of the dinar, this increase we have been waiting so long for...
4-2-2019 Newshound Guru larrykn Article: "Communications: Internet will improve soon" Quote: "The communications Ministry announced, that the reality of the Internet will see significant development during the coming period..." these are the things I like seeing, they are moving in the right direction...less talk more action.
4-2-2019 Intel Guru MarkZ ...there are expectations that we will see things happen later in the day here in the US…I really hope that is true...I am nervous to tell you this – but I believe we are past the point of no return…I still am looking for the smoking gun to go with it and see for myself that its actually there. [post 2 of 2]
4-2-2019 Intel Guru MarkZ In Iraq-I spoke with a contractor friend I know...he repairs power plants and power systems... They are very keyed up...they thought the new rate was to show on Saturday...they are waiting...lots of news on changing values and reinstatements... They have started using gold coins to pull large notes off the street...they are actively trying to get larger notes off the streets. [post 1 of 2....stay tuned]
4-2-2019 Intel Guru Frank26 [via Clare] "IT'S COMING...IT'S HAPPENING ....THIS JOURNEY INCLUDES AN END"
4-2-2019 Intel Guru RayRen98 ...UPDATE...A Parliament spokesperson is on Iraqi TV stating that the names for the remaining cabinet positions will be presented and voted on after the April 9 albeit this is a direct contradiction from Sunday's TV announcement of the cabinet selections being concluded this week. Time Will Tell...if it even matters? A World Bank representative was interviewed and stated that after the cabinet completion, the Iraqi economy will experience a remarkable recovery. That announcement in Monday's mosque session indicated something very noticeable taking place by Tuesday evening...so, wait we shall!
4-2-2019 Newshound Guru larrykn the IMF pushing them is good but we need to look at where they are at and can they rv at this time, that is the question...corruption, security, investment, are those things ready? I don't think so.
4-2-2019 Newshound/Intel Guru Mnt Goat This is BIG news...more education going on. Many ...might downplay this seminar but this is exactly what we have been waiting for. This was just held on Wednesday. This is NOT something from the past...how can you not get excited. Just because they are not saying everyday or any day RV this is still HUGE news. Any article on the project to delete the zeros is huge news since we know this is what is going to get us the significant increase in the value of the dinar, this increase we have been waiting so long for...
4-2-2019 Newshound Guru larrykn Article: "Communications: Internet will improve soon" Quote: "The communications Ministry announced, that the reality of the Internet will see significant development during the coming period..." these are the things I like seeing, they are moving in the right direction...less talk more action.
4-2-2019 Intel Guru MarkZ ...there are expectations that we will see things happen later in the day here in the US…I really hope that is true...I am nervous to tell you this – but I believe we are past the point of no return…I still am looking for the smoking gun to go with it and see for myself that its actually there. [post 2 of 2]
4-2-2019 Intel Guru MarkZ In Iraq-I spoke with a contractor friend I know...he repairs power plants and power systems... They are very keyed up...they thought the new rate was to show on Saturday...they are waiting...lots of news on changing values and reinstatements... They have started using gold coins to pull large notes off the street...they are actively trying to get larger notes off the streets. [post 1 of 2....stay tuned]
4-2-2019 Intel Guru Frank26 [via Clare] "IT'S COMING...IT'S HAPPENING ....THIS JOURNEY INCLUDES AN END"
4-2-2019 Intel Guru RayRen98 ...UPDATE...A Parliament spokesperson is on Iraqi TV stating that the names for the remaining cabinet positions will be presented and voted on after the April 9 albeit this is a direct contradiction from Sunday's TV announcement of the cabinet selections being concluded this week. Time Will Tell...if it even matters? A World Bank representative was interviewed and stated that after the cabinet completion, the Iraqi economy will experience a remarkable recovery. That announcement in Monday's mosque session indicated something very noticeable taking place by Tuesday evening...so, wait we shall!
4-2-2019 Newshound Guru larrykn the IMF pushing them is good but we need to look at where they are at and can they rv at this time, that is the question...corruption, security, investment, are those things ready? I don't think so.
4-1-2019 Newshound/Intel Guru Mnt Goat A scientific symposium (seminar) was held entitled “delete zeros from the Iraqi dinar” This seminar was divided into three sessions: The first session: the concept of deleting zeros from the dinar. The second session: the expected results of the deletion of three zeroes from the Iraqi dinar. The third session: The experiences of some countries in the process of deleting zeros. Wow! Wow! Wow! Does this not tell you something? They just held this three-prong seminar on the project to delete the zeros. WOW!
4-1-2019 Intel Guru MarkZ I do believe we have a great week ahead…There was great progress over the weekend...lots of I’s dotted and t’s crossed...I am still extremely confident we are in the short end...We are being told we should be getting 800 numbers about Wednesday. There are expectations absolutely for this week. My person in Iraq said they did not post new rates on Saturday as we expected. But expecting new rates by Wednesday. I am hoping to get to the 100% this week...I am in a any moment mode still...I really believe its that’s close.
4-1-2019 Newshound/Intel Guru Mnt Goat They only [way?] I know that they can liberate the exchange rate of the dinar is to put in on a float. We have read many times that the CBI will NOT put the program rate of 1180 on a float. In other words, the only way to liberate it is to reinstate it and let it float on the currency exchanges. This is what the IMF was talking about. But we know that in order to do this means the CBI must also coordinate this effort with the “project to delete the zeros”. These two pieces are interconnected and can’t be separated. When will this project occur? We know it can occur anytime before, during or just after the reinstatement. So no one really knows but...when we do see the smaller category notes coming out we know the reinstatement is very close at hand, if it didn’t already happen. [post 3 of 3]
4-1-2019 Newshound/Intel Guru Mnt Goat Meantime the CBI, an independent agency, stands waiting in the wings to more ahead with the project to delete the zeros. The GOI has been holding them back. Just in recent weeks we read that parliament has passed a special bill assuring the independence of the CBI. So can the CBI go ahead without the GOI? Yes, but will they? We know the IMF also has recently told the CBI to move ahead with “freeing the exchange rate of the dinar”. The only way I know that they can do this is to liberate the dinar from the currency auctions (put in place for sanctions). [post 2 of 3....stay tuned]
4-1-2019 Newshound/Intel Guru Mnt Goat The government will not be formed or even get to a vote in parliament until qualified candidates are presented and are not within the influence or a puppet of the Iranian government. There is going to be billions of dollars at stake for these reconstruction projects and those donators want to make sure they money is secure and goes towards these projects. ...We would rather stall and hold off this effort until the right people are in place that can secure the best opportunity for success. So this is the GOI standpoint... [post 1 of 3....stay tuned]
4-1-2019 Intel Guru Jester EVERYONE IS HOPING FOR A WINDOW...THERE IS A SCENARIO THEY ARE FOLLOWING ...THEY ARE NOT GIVING US ANY WINDOWS...THEY ARE WORKING ON PEELING THE ONION NOW... IT IS A VERY TEDIOUS PROCESS...JUST HANG IN THERE...GOT SOME WAYS TO GO BUT CLOSER THAT EVER AND WORKING THE RIGHT DIRECTION FROM WHAT I AM TOLD...
4-1-2019 Newshound Guru larrykn ...I believe countries will always have IQD in reserve for people that travel to their country so they can exchange it like every other counties currency...now they will hold the larger notes for 10 yrs before only having the LD out in circulation.
4-1-2019 Intel Guru MarkZ I do believe we have a great week ahead…There was great progress over the weekend...lots of I’s dotted and t’s crossed...I am still extremely confident we are in the short end...We are being told we should be getting 800 numbers about Wednesday. There are expectations absolutely for this week. My person in Iraq said they did not post new rates on Saturday as we expected. But expecting new rates by Wednesday. I am hoping to get to the 100% this week...I am in a any moment mode still...I really believe its that’s close.
4-1-2019 Newshound/Intel Guru Mnt Goat They only [way?] I know that they can liberate the exchange rate of the dinar is to put in on a float. We have read many times that the CBI will NOT put the program rate of 1180 on a float. In other words, the only way to liberate it is to reinstate it and let it float on the currency exchanges. This is what the IMF was talking about. But we know that in order to do this means the CBI must also coordinate this effort with the “project to delete the zeros”. These two pieces are interconnected and can’t be separated. When will this project occur? We know it can occur anytime before, during or just after the reinstatement. So no one really knows but...when we do see the smaller category notes coming out we know the reinstatement is very close at hand, if it didn’t already happen. [post 3 of 3]
4-1-2019 Newshound/Intel Guru Mnt Goat Meantime the CBI, an independent agency, stands waiting in the wings to more ahead with the project to delete the zeros. The GOI has been holding them back. Just in recent weeks we read that parliament has passed a special bill assuring the independence of the CBI. So can the CBI go ahead without the GOI? Yes, but will they? We know the IMF also has recently told the CBI to move ahead with “freeing the exchange rate of the dinar”. The only way I know that they can do this is to liberate the dinar from the currency auctions (put in place for sanctions). [post 2 of 3....stay tuned]
4-1-2019 Newshound/Intel Guru Mnt Goat The government will not be formed or even get to a vote in parliament until qualified candidates are presented and are not within the influence or a puppet of the Iranian government. There is going to be billions of dollars at stake for these reconstruction projects and those donators want to make sure they money is secure and goes towards these projects. ...We would rather stall and hold off this effort until the right people are in place that can secure the best opportunity for success. So this is the GOI standpoint... [post 1 of 3....stay tuned]
4-1-2019 Intel Guru Jester EVERYONE IS HOPING FOR A WINDOW...THERE IS A SCENARIO THEY ARE FOLLOWING ...THEY ARE NOT GIVING US ANY WINDOWS...THEY ARE WORKING ON PEELING THE ONION NOW... IT IS A VERY TEDIOUS PROCESS...JUST HANG IN THERE...GOT SOME WAYS TO GO BUT CLOSER THAT EVER AND WORKING THE RIGHT DIRECTION FROM WHAT I AM TOLD...
4-1-2019 Newshound Guru larrykn ...I believe countries will always have IQD in reserve for people that travel to their country so they can exchange it like every other counties currency...now they will hold the larger notes for 10 yrs before only having the LD out in circulation.
3-31-2019 Intel Guru ADMINBILL Today is the last day of the month of March...It appears that the likelihood of a March release has diminished. Don't despair because it is processing and will begin soon.
3-31-2019 Intel Guru MarkZ [What have you heard on time limits to exchange each currency?] Heard they want us done and out in 10 days ..however 30 days will be provided is what I have been told ...
3-31-2019 Newshound Guru larrykn IMF doesn't force a country to do anything, they just suggest the way to do it so the country will come out with the rest of the world...of course if that country doesn't do what the IMF suggest then the IMF can refuse to fund that country [Im wondering if its getting to that point now that the IMF is suggesting to Iraq to add value to the dinar right now.] I think Iraq wants to do that ...but they need a suitable conditions and stability in the country first...then you will see a change in the rate...I would love to say they are ready to come out to the world but I just can't, at least not yet. I'm not trying to be negative but I just need to see more coming out of Iraq that shows they are moving in the right direction first. I'm here like everyone else to make money, if I didn't feel we were going to I would have been going long ago.
3-31-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQI CENTRAL BANK POLICIES - TO ENCOURAGE IRAQI INVESTMENTS IN TURKEY" Quote: "The International Monetary Fund (IMF) is therefore demanding Iraq to free the exchange rate!" this is a WOW! article. So now we know the IMF wants Iraq to reinstate the dinar and go on a float. This is the only way they can “free the exchange rate”. ...So the IMF has approved the CBI to go ahead yet more evidence….
3-31-2019 Newshound/Intel Guru RVAlready We are expecting RV within next 2 days. [...because the world is expecting it in the next two days, don't you think they may wait a week or two to announce it?] No…I think Everyone has had enough waiting. [No info on when?] There can be no advance info on when…. We will only know after the fact.
3-31-2019 Intel Guru MarkZ [What have you heard on time limits to exchange each currency?] Heard they want us done and out in 10 days ..however 30 days will be provided is what I have been told ...
3-31-2019 Newshound Guru larrykn IMF doesn't force a country to do anything, they just suggest the way to do it so the country will come out with the rest of the world...of course if that country doesn't do what the IMF suggest then the IMF can refuse to fund that country [Im wondering if its getting to that point now that the IMF is suggesting to Iraq to add value to the dinar right now.] I think Iraq wants to do that ...but they need a suitable conditions and stability in the country first...then you will see a change in the rate...I would love to say they are ready to come out to the world but I just can't, at least not yet. I'm not trying to be negative but I just need to see more coming out of Iraq that shows they are moving in the right direction first. I'm here like everyone else to make money, if I didn't feel we were going to I would have been going long ago.
3-31-2019 Newshound/Intel Guru Mnt Goat Article: "IRAQI CENTRAL BANK POLICIES - TO ENCOURAGE IRAQI INVESTMENTS IN TURKEY" Quote: "The International Monetary Fund (IMF) is therefore demanding Iraq to free the exchange rate!" this is a WOW! article. So now we know the IMF wants Iraq to reinstate the dinar and go on a float. This is the only way they can “free the exchange rate”. ...So the IMF has approved the CBI to go ahead yet more evidence….
3-31-2019 Newshound/Intel Guru RVAlready We are expecting RV within next 2 days. [...because the world is expecting it in the next two days, don't you think they may wait a week or two to announce it?] No…I think Everyone has had enough waiting. [No info on when?] There can be no advance info on when…. We will only know after the fact.
3-30-2019 Newshound Guru Adam Montana Very related to HCL is this: Article: "Parliamentary Energy intends to review the oil agreement between Baghdad and Erbil" In a nutshell, the Kurdish oil production is higher than the anticipated amount... What does this mean to us? IMO, this has great potential. The Kurds have a solid argument, and the Baghdad side now has a LOT of motivation to get busy negotiating a profit sharing agreement. That’s exactly what the HCL is. The Kurds will also be motivated to get this moving, as they probably stand to catch a larger portion of the budget in addition to a better HCL deal. A couple years ago when they were talking about a secession, with the Kurds forming their own country - remember that? I had heard at the time from my experts that there was no real chance of that happening, but they were setting the stage for a stronger position in the big picture. That is EXACTLY what this ties into, and the HCL is what puts a pretty little bow on this whole deal. Pretty exciting stuff! [post 2 of 2]
3-30-2019 Intel Guru RayRen98 Reportedly, the Speaker of the House was interviewed and stated that personal stubbornness is the cause of the delay of cabinet selections being concluded and that it will "end" when he returns back to the country.
3-30-2019 Intel Guru MarkZ ...As far as we know they did not post the rate this am in Iraq...I still expect 800 #s late on Sunday...The ups and downs appear to be coming to an end but this rollercoaster has been nuts...I expect rates to up load on the Forex this evening…probably 11:30 to midnight eastern time which is the best time for them I understand. ...dong and dinar will for sure go at the same time…I do not think they will let us double dip in the first basket…I still think they will squeak this in at the end of March...going into 1 April...IMO there is a whole lot of reasons I think this weekend is different from the rest of them World events, Banking news...so much is happening everywhere. I am Still at 99.9%...I am more than a still excited!
3-30-2019 Newshound Guru Adam Montana We're currently in the midst of some significant happenings right now. It's almost coming too fast to keep on top of things, so let's just recap the current situation. ...EVERYTHING oil related is cruising along at a good clip and in the right direction. ...we have touched $60 a couple times this week...the real important part is the manner it is happening. Nice and steady, just how we want it... for now... ...I'm expecting to see some solid HCL news, and a potential focus on the HCL, with the RV bubbling just below the surface of the news. ...at this time...they will not give us a major heads up on this plan. Our only clues are going to be: Stability in the GOI, which we have.; Solid news on HCL, or an actual passed HCL bill, which is reasonable to expect under the current situation. [post 1 of 2....stay tuned]
3-30-2019 Intel Guru RayRen98 Reportedly, the IMF is pushing Iraq to raise their exchange rate to attract investors for the reconstruction and reforms efforts including trade with neighboring countries. PM Mahdi is still saying, "By June, it will all be completed." Time Will Tell...Anything exciting happens...We'll get the word out.
3-30-2019 Intel Guru Delta JUST IN FROM IRAQI TV: IMF IS DEMANDING IRAQ TO FREE THE EXCHANGE RATE!!!
3-30-2019 Newshound/Intel Guru Mnt Goat ...hold on to your seats and don’t fall off since I am going to give you some great news today. Finally, some more breaking news in the right direction for Iraq... 1. Quote... "The International Monetary Fund (IMF) is therefore demanding Iraq to free the exchange rate!" This issue is now becoming imperative since Iraq is having trouble trading with its neighbors... without a real rate. ...The IMF is now aggressively pushing the CBI to reinstate the IQD... 2. Quote... “Abadi revealed his decision in May 2018 to arrest former Prime Minister Nuri al-Maliki” ...This DOES NOT say Maliki is already arrested. It is only telling us an intent to arrest him. Abadi has no official capacity to arrest Maliki. Are these both issues exactly what we have all been praying for...?
3-30-2019 Intel Guru RayRen98 Reportedly, the Speaker of the House was interviewed and stated that personal stubbornness is the cause of the delay of cabinet selections being concluded and that it will "end" when he returns back to the country.
3-30-2019 Intel Guru MarkZ ...As far as we know they did not post the rate this am in Iraq...I still expect 800 #s late on Sunday...The ups and downs appear to be coming to an end but this rollercoaster has been nuts...I expect rates to up load on the Forex this evening…probably 11:30 to midnight eastern time which is the best time for them I understand. ...dong and dinar will for sure go at the same time…I do not think they will let us double dip in the first basket…I still think they will squeak this in at the end of March...going into 1 April...IMO there is a whole lot of reasons I think this weekend is different from the rest of them World events, Banking news...so much is happening everywhere. I am Still at 99.9%...I am more than a still excited!
3-30-2019 Newshound Guru Adam Montana We're currently in the midst of some significant happenings right now. It's almost coming too fast to keep on top of things, so let's just recap the current situation. ...EVERYTHING oil related is cruising along at a good clip and in the right direction. ...we have touched $60 a couple times this week...the real important part is the manner it is happening. Nice and steady, just how we want it... for now... ...I'm expecting to see some solid HCL news, and a potential focus on the HCL, with the RV bubbling just below the surface of the news. ...at this time...they will not give us a major heads up on this plan. Our only clues are going to be: Stability in the GOI, which we have.; Solid news on HCL, or an actual passed HCL bill, which is reasonable to expect under the current situation. [post 1 of 2....stay tuned]
3-30-2019 Intel Guru RayRen98 Reportedly, the IMF is pushing Iraq to raise their exchange rate to attract investors for the reconstruction and reforms efforts including trade with neighboring countries. PM Mahdi is still saying, "By June, it will all be completed." Time Will Tell...Anything exciting happens...We'll get the word out.
3-30-2019 Intel Guru Delta JUST IN FROM IRAQI TV: IMF IS DEMANDING IRAQ TO FREE THE EXCHANGE RATE!!!
3-30-2019 Newshound/Intel Guru Mnt Goat ...hold on to your seats and don’t fall off since I am going to give you some great news today. Finally, some more breaking news in the right direction for Iraq... 1. Quote... "The International Monetary Fund (IMF) is therefore demanding Iraq to free the exchange rate!" This issue is now becoming imperative since Iraq is having trouble trading with its neighbors... without a real rate. ...The IMF is now aggressively pushing the CBI to reinstate the IQD... 2. Quote... “Abadi revealed his decision in May 2018 to arrest former Prime Minister Nuri al-Maliki” ...This DOES NOT say Maliki is already arrested. It is only telling us an intent to arrest him. Abadi has no official capacity to arrest Maliki. Are these both issues exactly what we have all been praying for...?
3-29-2019 Intel Guru MarkZ [Are the Currency rates that Flash on Bank screens made up rates or realistic rates?] They used to do testing rates…but at this point I think the rates should be close to the realistic rates...Based on my research I think mid $4’s to mid 6’s on the Dinar. Mid $2’s for the dong…This is just my opinion... [post 2 of 2]
3-29-2019 Intel Guru MarkZ Expectations are for things to start this evening...I’m still at 99.9% thinking this is the weekend we will see 800 numbers... I hope to be past the point of no return about 3AM this morning. Everything still moving and nothing has been derailed. ...Iraq is still expecting new rates on Saturday...I don't think we are looking at windows anymore ...I think we are in the window right now..and this window is wide open...I am keeping my phone close at all times. [post 1 of 2....stay tuned]
3-29-2019 Intel Guru Bruce On Saturday we would have both front and back screen rates showing. Only thing on the screens right now are the names of the currency and a little place marker with the $ sign flashing next to the name. There is no place holder rate showing. So, they are getting ready to bring up all new rates back screens ...Friday, and front and back screens on Saturday. ...The encouraging thing is that we are seeing movements in so many of these areas that we are looking for now. ...I will tell you right now before the end of the month, Sunday, March 31st, we should be off and running. [post 2 of 2]
3-29-2019 Intel Guru Bruce ...The good news is they arrested Maliki today. Iraq is going to activate their 2019 budget on Saturday ...March 30th. ...That means likely that activation will be written about and put in their official Gazette which does comes out on Saturday. They will also announce that the Dinar is international finally and probably put out a rate on Saturday. Now we know the Iraqi Dinar is going to be exchanged or traded internationally on the markets starting Sunday night. ...the new rate on the Dinar should be coming out initially over $7 and then it will get traded up. Then the Dong will be $4 and trading up higher as a result...that is what we are hearing from the people that know and have seen the screens. [post 1 of 2....stay tuned]
3-29-2019 Intel Guru MarkZ [what made you decide to start posting again Mark?] it was suggested from someone who is a trigger puller….that I become more public in order to pass on info if they needed me too and because of all the misinformation out there. ...so I came back out of hiding…so to speak.
3-29-2019 Newshound Guru Kaperoni There will never be a RV or RI...it's not how monetary policy works. In order see the dinar's value rise we need to see the CBI open the banking system, and see investment laws passed to bring investors to Iraq. Only then can pressure come (in the form of investment) that will force the CBI to float the currency. All of this could take several more months because Iraq does nothing fast.
3-29-2019 Intel Guru MarkZ Expectations are for things to start this evening...I’m still at 99.9% thinking this is the weekend we will see 800 numbers... I hope to be past the point of no return about 3AM this morning. Everything still moving and nothing has been derailed. ...Iraq is still expecting new rates on Saturday...I don't think we are looking at windows anymore ...I think we are in the window right now..and this window is wide open...I am keeping my phone close at all times. [post 1 of 2....stay tuned]
3-29-2019 Intel Guru Bruce On Saturday we would have both front and back screen rates showing. Only thing on the screens right now are the names of the currency and a little place marker with the $ sign flashing next to the name. There is no place holder rate showing. So, they are getting ready to bring up all new rates back screens ...Friday, and front and back screens on Saturday. ...The encouraging thing is that we are seeing movements in so many of these areas that we are looking for now. ...I will tell you right now before the end of the month, Sunday, March 31st, we should be off and running. [post 2 of 2]
3-29-2019 Intel Guru Bruce ...The good news is they arrested Maliki today. Iraq is going to activate their 2019 budget on Saturday ...March 30th. ...That means likely that activation will be written about and put in their official Gazette which does comes out on Saturday. They will also announce that the Dinar is international finally and probably put out a rate on Saturday. Now we know the Iraqi Dinar is going to be exchanged or traded internationally on the markets starting Sunday night. ...the new rate on the Dinar should be coming out initially over $7 and then it will get traded up. Then the Dong will be $4 and trading up higher as a result...that is what we are hearing from the people that know and have seen the screens. [post 1 of 2....stay tuned]
3-29-2019 Intel Guru MarkZ [what made you decide to start posting again Mark?] it was suggested from someone who is a trigger puller….that I become more public in order to pass on info if they needed me too and because of all the misinformation out there. ...so I came back out of hiding…so to speak.
3-29-2019 Newshound Guru Kaperoni There will never be a RV or RI...it's not how monetary policy works. In order see the dinar's value rise we need to see the CBI open the banking system, and see investment laws passed to bring investors to Iraq. Only then can pressure come (in the form of investment) that will force the CBI to float the currency. All of this could take several more months because Iraq does nothing fast.
3-28-2019 Intel Guru RayRen98 Thursday afternoon update: New US bank rates reported: Dinar - $3.51 to $4.43; Dong - $0.47 to $2.23. The Iraqi Minster of Finance requested that all ministries convene and have financial reports completed for implementation of the 2019 budget. [How long? Not long!] Iraqi TV was broadcasting the past Prime Minister Abadhi stating that the process to arrest past Prime Minister Maliki for the downfall of Mosul was initiated and requested that present Prime Minister Madhi enforce that decision. An announcement regarding Iraq's financial situation pertaining to its currency is expected on Saturday. Time Will Tell!
3-28-2019 Intel Guru MarkZ I am feeling good today...still at 99.9% to see everything in March or at least by April 1st. I expect to be able to see it, touch it and taste it by then…The amount of news we are getting is encouraging…it was very quiet then suddenly it’s like a dam breaking... I am trying to get it all together to know where we are...The news from Iraq is crazy good...they are talking up a storm…I am still hearing they expect a new rate on Saturday...I feel we are in an any minute… imminent ...sitting on the edge of our seats waiting for this to happen…these are every phrase I hate...but right now they are true. ...things I am seeing from all sources all over the place its crazy. They always said it would be nuts at the end…which is where we are imo... Hopefully I will have you a very good update by tomorrow am.
3-28-2019 Newshound/Intel Guru Mnt Goat Article: "INCREASE SALARIES OF KURDISTAN REGION BY "ONE-AND-A-HALF" They are getting ready to open the budget and pay the salaries. Once they open this budget will be our deciding factor… How can they afford to increase them so high without oil revenue increases? Do they know something we don’t?
3-28-2019 Newshound Guru Kaperoni ...parliament has only passed 1 law in the last 6 months. We need these critical laws passed so investment will begin to come in to Iraq.
3-28-2019 Newshound/Intel Guru Mnt Goat Article: "CBI: PROJECT DELETION OF ZEROS FROM THE CURRENCY STILL EXISTS" Article is telling us the CBI already collected the needed amount of IQD three zero notes out of circulation and is ready to proceed but had to wait due to delay due to security events and the control of the state regulation on five provinces by ISIS. Why would they tell us this if they were not now ready to move ahead again? Oh – but they did tell us they are moving ahead again. We just need to wait a little longer as they complete the final touches on this process. The target is still to go by the end of March. They need to pay the Kurdish salaries and other payments and benefits to other citizens in Iraq. They need to open the 2019 budget.
3-28-2019 Intel Guru MarkZ I expect Friday Night to Sat for everything to bust! ...We are hearing It was supposed to go earlier this week but got pushed back two days. So I am looking at the 29th-31st. I have great news that I can’t share ...wish I could. I still believe everything will go 99.9% by the 31st...I just don’t know what day. Iraq expects new rates on Saturday and the dinar be tradeable by Sunday. I still expect 800 numbers this weekend...I was told by excellent sources today that I should be excited.
3-28-2019 Intel Guru MarkZ I am feeling good today...still at 99.9% to see everything in March or at least by April 1st. I expect to be able to see it, touch it and taste it by then…The amount of news we are getting is encouraging…it was very quiet then suddenly it’s like a dam breaking... I am trying to get it all together to know where we are...The news from Iraq is crazy good...they are talking up a storm…I am still hearing they expect a new rate on Saturday...I feel we are in an any minute… imminent ...sitting on the edge of our seats waiting for this to happen…these are every phrase I hate...but right now they are true. ...things I am seeing from all sources all over the place its crazy. They always said it would be nuts at the end…which is where we are imo... Hopefully I will have you a very good update by tomorrow am.
3-28-2019 Newshound/Intel Guru Mnt Goat Article: "INCREASE SALARIES OF KURDISTAN REGION BY "ONE-AND-A-HALF" They are getting ready to open the budget and pay the salaries. Once they open this budget will be our deciding factor… How can they afford to increase them so high without oil revenue increases? Do they know something we don’t?
3-28-2019 Newshound Guru Kaperoni ...parliament has only passed 1 law in the last 6 months. We need these critical laws passed so investment will begin to come in to Iraq.
3-28-2019 Newshound/Intel Guru Mnt Goat Article: "CBI: PROJECT DELETION OF ZEROS FROM THE CURRENCY STILL EXISTS" Article is telling us the CBI already collected the needed amount of IQD three zero notes out of circulation and is ready to proceed but had to wait due to delay due to security events and the control of the state regulation on five provinces by ISIS. Why would they tell us this if they were not now ready to move ahead again? Oh – but they did tell us they are moving ahead again. We just need to wait a little longer as they complete the final touches on this process. The target is still to go by the end of March. They need to pay the Kurdish salaries and other payments and benefits to other citizens in Iraq. They need to open the 2019 budget.
3-28-2019 Intel Guru MarkZ I expect Friday Night to Sat for everything to bust! ...We are hearing It was supposed to go earlier this week but got pushed back two days. So I am looking at the 29th-31st. I have great news that I can’t share ...wish I could. I still believe everything will go 99.9% by the 31st...I just don’t know what day. Iraq expects new rates on Saturday and the dinar be tradeable by Sunday. I still expect 800 numbers this weekend...I was told by excellent sources today that I should be excited.
3-27-2019 Newshound/Intel Guru Mnt Goat UPDATE ON THE ONGOING ELECTION SAGA Article quotes: "Faleh al-Fayyad has officially moved away from the post of interior minister...the matter will be RESOLVED IN THE NEXT FEW DAYS" No new date given when parliament intends to vote on these positions.
3-27-2019 Intel Guru Delta Article: "Iraqi Trade Bank is preparing to launch the project "investment portfolio" HUGE ONE...THIS YEAR THEY WILL LAUNCH INVESTMENT PORTFOLIO IN IRAQI DINARS BELONGS TO IRAQI GOV...IT WILL BE LISTED THROUGH ONE OF THE FINANCIAL BANK AT DUBAI STOCK EXCHANGE...SELLING DINARS INTERNATIONALLY.
3-27-2019 Intel Guru MarkZ Things are very quiet right now. Which is good. I am still positive we are still on a good timeline...The overnight news we got is that the goal line is still the 29th for the reset...So I expect a lot of activity around the 29th...maybe Friday night... 800#'s late on Friday or Saturday based on what I am hearing...Still feeling a 99.9% right now for the month of March...We are watching Iraq closely now...they are expecting new rates on Saturday... [What currencies are in the first basket.] BRICS countries are in first basket...along with Iraq and Vietnam…
3-27-2019 Newshound/Intel Guru Mnt Goat IS THE CBI MOVING TOWARDS A TARGET BY THE END OF MARCH FOR THE REINSTATEMENT OF THE IRAQI DINAR? ...three articles in two weeks on the currency...Why now. We have been waiting for months with no news and now we get 3 articles. Is the CBI getting ready to change over to the smaller category notes? This is the early part of their re-education program. Remember these older 3 zero notes are to coincide with the news notes for up to 10 years. We can expect articles to explain and show us the smaller category notes. This is what we need to really see and we will know we are right on top it.
3-27-2019 Intel Guru Bruce So, I am glad that it is over and we are moving forward, and I am glad this blessing will be able to come now. The rates on the bank screens were gone...These rates for these currencies show the name of the currencies, no rates, but just a pending that was flashing...By the way there are 14 currencies that are revaluing. That means going up in value... Could they be on the screens by 9:00 am in the banks? Yes. I would expect it. Not guaranteed, but I would expect it. Could they be the new rates that we have been looking for? Yes. I believe so. ...I believe we should be moving forward here fairly soon...we are definitely in the process. It has started. [post 2 of 2]
3-27-2019 Intel Guru Bruce ...You guys remember the Mueller Investigation that made the news since Sunday...I can tell you this much from my understanding that needed to complete before we went. Before our exchanges...I didn’t know about it until yesterday. ...now that is complete... From my understanding the President had a very good phone call Sunday with Tier 1 Bank leaders, five Tier 1 banks, and told them now this has happened and the investigation is over and everything is looking good, you can let it go... [post 1 of 2....stay tuned]
3-27-2019 Newshound/Intel Guru Mnt Goat [...you know the question everyone will ask is will it happen this time. We know you have great contacts in the CBI I assume they are saying we want it in March ...But who or what could stop it this time...] Yes I have said already March is their target. If they don't get it done by end of March they must still pay the Kurds by opening the budget. Once they open the 2019 budget w/o a reinstatement we are done and waiting for January 2020. We just got news they finally settled on the Kurdistan salaries. The budget had 12% they agreed on 16.6% . They have been holding off paying them until they got this issue worked out. Now they are going to get a raise of 1.5 % which actually brings them over the 17%, as the constitution says they get. So now they are ready to pay them. Will then first RV?...
3-27-2019 Intel Guru MarkZ [do tellers know about the reset yet?] Tellers are NOT going to know anything before the Public…and they are going to be P***** off when they find out…imo. I spoke with folks who were trained to work at the exchange centers. They were going to be allowed to exchange first but had to sign contracts stating they would finish their jobs during the redemptions before they are allowed to access their money.
3-27-2019 Intel Guru Delta Article: "Iraqi Trade Bank is preparing to launch the project "investment portfolio" HUGE ONE...THIS YEAR THEY WILL LAUNCH INVESTMENT PORTFOLIO IN IRAQI DINARS BELONGS TO IRAQI GOV...IT WILL BE LISTED THROUGH ONE OF THE FINANCIAL BANK AT DUBAI STOCK EXCHANGE...SELLING DINARS INTERNATIONALLY.
3-27-2019 Intel Guru MarkZ Things are very quiet right now. Which is good. I am still positive we are still on a good timeline...The overnight news we got is that the goal line is still the 29th for the reset...So I expect a lot of activity around the 29th...maybe Friday night... 800#'s late on Friday or Saturday based on what I am hearing...Still feeling a 99.9% right now for the month of March...We are watching Iraq closely now...they are expecting new rates on Saturday... [What currencies are in the first basket.] BRICS countries are in first basket...along with Iraq and Vietnam…
3-27-2019 Newshound/Intel Guru Mnt Goat IS THE CBI MOVING TOWARDS A TARGET BY THE END OF MARCH FOR THE REINSTATEMENT OF THE IRAQI DINAR? ...three articles in two weeks on the currency...Why now. We have been waiting for months with no news and now we get 3 articles. Is the CBI getting ready to change over to the smaller category notes? This is the early part of their re-education program. Remember these older 3 zero notes are to coincide with the news notes for up to 10 years. We can expect articles to explain and show us the smaller category notes. This is what we need to really see and we will know we are right on top it.
3-27-2019 Intel Guru Bruce So, I am glad that it is over and we are moving forward, and I am glad this blessing will be able to come now. The rates on the bank screens were gone...These rates for these currencies show the name of the currencies, no rates, but just a pending that was flashing...By the way there are 14 currencies that are revaluing. That means going up in value... Could they be on the screens by 9:00 am in the banks? Yes. I would expect it. Not guaranteed, but I would expect it. Could they be the new rates that we have been looking for? Yes. I believe so. ...I believe we should be moving forward here fairly soon...we are definitely in the process. It has started. [post 2 of 2]
3-27-2019 Intel Guru Bruce ...You guys remember the Mueller Investigation that made the news since Sunday...I can tell you this much from my understanding that needed to complete before we went. Before our exchanges...I didn’t know about it until yesterday. ...now that is complete... From my understanding the President had a very good phone call Sunday with Tier 1 Bank leaders, five Tier 1 banks, and told them now this has happened and the investigation is over and everything is looking good, you can let it go... [post 1 of 2....stay tuned]
3-27-2019 Newshound/Intel Guru Mnt Goat [...you know the question everyone will ask is will it happen this time. We know you have great contacts in the CBI I assume they are saying we want it in March ...But who or what could stop it this time...] Yes I have said already March is their target. If they don't get it done by end of March they must still pay the Kurds by opening the budget. Once they open the 2019 budget w/o a reinstatement we are done and waiting for January 2020. We just got news they finally settled on the Kurdistan salaries. The budget had 12% they agreed on 16.6% . They have been holding off paying them until they got this issue worked out. Now they are going to get a raise of 1.5 % which actually brings them over the 17%, as the constitution says they get. So now they are ready to pay them. Will then first RV?...
3-27-2019 Intel Guru MarkZ [do tellers know about the reset yet?] Tellers are NOT going to know anything before the Public…and they are going to be P***** off when they find out…imo. I spoke with folks who were trained to work at the exchange centers. They were going to be allowed to exchange first but had to sign contracts stating they would finish their jobs during the redemptions before they are allowed to access their money.
3-26-2019 Intel Guru MarkZ I still feel 99.9% we will not go into April... I really really feel we are in the last days... I am 99.9% ...My guess 800#'s Friday... I'm feeling very positive Public should start on April 1st….from what I was told. The 29th for Reset is on the Gov't release...then down to the banks for all of us. I expect we will have solid news by Friday. [...will we need anything special on your opinion when the time comes to go to the banks for our exchange.] I am told we should have a valid ID...drivers lic ...also take a piece of mail with address where you live…. I have been told repeatedly...don't let your currency out of your sight...For security and your own sanity...don’t let it out of your site. Bank exchange centers should be using a del la rue machine to verify our currency is real.
3-26-2019 Newshound Guru MilitiaMan Article: "A group of MPs propose a 10 percent deduction of oil money and distribute it to citizens" This is...if true...And it looks to be so...It is the biggest news we have seen in all the years I have been involved. Distribution to the Citizens from the Oil revenues is far and beyond big, as it means to me they need to open the 2019 budget. That will bring value to the citizens and to the smalls, as in an exchange rate, an international one that will be accepted globally and in all markets. The amount of items that have fallen into place...shows us that this ride imo is just about over. Coming into the end of a quarter, one that is early in the year? Very nice, very nice timing. Now imo, we watch oh so very close to the CBI as that imo is where we hear the Krakatoa! lol Awesome day!!
3-26-2019 Intel/Newshound Guru sandyf Since the 1980's the IMF has been trying to get every country in the world under Art 8, last count I think about 17 still under Art 14. The IMF are not happy with countries using Art 14 on a permanent basis. Article 14 currencies are non convertible and subject to restrictions, and making a currency "Free" of restrictions has nothing to do with changing the rate. [post 2 of 2]
3-26-2019 Intel/Newshound Guru sandyf ...There is no dispute that promoting other resources apart from oil will improve the GDP, and possibly put pressure on the CBI. In 2012 the CBI came under pressure and raised the value of the dinar from 1170 to 1166. There are around 37 countries worldwide that carry out currency "auctions", why should Iraq not be one of them? The term is a misnomer, it is a mechanism to providing banks with foreign currency for their customers, that will never go away, possibly a change to the format. [post 1 of 2....stay tuned]
3-26-2019 Newshound Guru Kaperoni Article quotes: "He noted that the problem we have diagnosed and must turn the page on this form of economies and stimulate the real sectors of the country and of industry, agriculture, transport, tourism and others. Keywords added that the activation of the sector will contribute to the gross domestic product and raise the pressure on the central bank and limit the currency and take out the operation of human resources."; "the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation in the country" ...two articles that surfaced over the last 10 days or so. One from the CBI governor, the other from parliament... These articles are complimentary of each other...one asks for pressure by opening the economy, the other says it will raise the value of the dinar to relieve the pressure. ...Technically, they are describing a float of the currency.
3-26-2019 Newshound Guru MilitiaMan Article: "Signing a commercial memorandum of understanding with Saudi Arabia" Kuwait has payments coming or activating on Wednesday next week. This above [article] is an other good sign for things shaping up in our favor, imo.
3-26-2019 Newshound/Intel Guru BGG Article: "CBI: Project deletion of zeros from the currency still exists" Quote: "...the project to delete the zeros was supposed to start in 2014, but security events and the control of the state regulation on five provinces led to delay, pointing out that the project is to delete three zeros from the current currency with the introduction of large currencies and currencies Metal." This was printed Jan. 20th of 2019… RECENT!!
3-26-2019 Newshound Guru MilitiaMan Article: "A group of MPs propose a 10 percent deduction of oil money and distribute it to citizens" This is...if true...And it looks to be so...It is the biggest news we have seen in all the years I have been involved. Distribution to the Citizens from the Oil revenues is far and beyond big, as it means to me they need to open the 2019 budget. That will bring value to the citizens and to the smalls, as in an exchange rate, an international one that will be accepted globally and in all markets. The amount of items that have fallen into place...shows us that this ride imo is just about over. Coming into the end of a quarter, one that is early in the year? Very nice, very nice timing. Now imo, we watch oh so very close to the CBI as that imo is where we hear the Krakatoa! lol Awesome day!!
3-26-2019 Intel/Newshound Guru sandyf Since the 1980's the IMF has been trying to get every country in the world under Art 8, last count I think about 17 still under Art 14. The IMF are not happy with countries using Art 14 on a permanent basis. Article 14 currencies are non convertible and subject to restrictions, and making a currency "Free" of restrictions has nothing to do with changing the rate. [post 2 of 2]
3-26-2019 Intel/Newshound Guru sandyf ...There is no dispute that promoting other resources apart from oil will improve the GDP, and possibly put pressure on the CBI. In 2012 the CBI came under pressure and raised the value of the dinar from 1170 to 1166. There are around 37 countries worldwide that carry out currency "auctions", why should Iraq not be one of them? The term is a misnomer, it is a mechanism to providing banks with foreign currency for their customers, that will never go away, possibly a change to the format. [post 1 of 2....stay tuned]
3-26-2019 Newshound Guru Kaperoni Article quotes: "He noted that the problem we have diagnosed and must turn the page on this form of economies and stimulate the real sectors of the country and of industry, agriculture, transport, tourism and others. Keywords added that the activation of the sector will contribute to the gross domestic product and raise the pressure on the central bank and limit the currency and take out the operation of human resources."; "the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation in the country" ...two articles that surfaced over the last 10 days or so. One from the CBI governor, the other from parliament... These articles are complimentary of each other...one asks for pressure by opening the economy, the other says it will raise the value of the dinar to relieve the pressure. ...Technically, they are describing a float of the currency.
3-26-2019 Newshound Guru MilitiaMan Article: "Signing a commercial memorandum of understanding with Saudi Arabia" Kuwait has payments coming or activating on Wednesday next week. This above [article] is an other good sign for things shaping up in our favor, imo.
3-26-2019 Newshound/Intel Guru BGG Article: "CBI: Project deletion of zeros from the currency still exists" Quote: "...the project to delete the zeros was supposed to start in 2014, but security events and the control of the state regulation on five provinces led to delay, pointing out that the project is to delete three zeros from the current currency with the introduction of large currencies and currencies Metal." This was printed Jan. 20th of 2019… RECENT!!
3-25-2019 Intel Guru RayRen98 [via sunny] Had flashing rates on the screen and we had some fixed rates from bank sources that came in yesterday. Rates, Dinar $4.43 - $6.63; Dong, $2.23 - $3.60...Another bank source gave us consistently, $2.21 on the Dong. Said the Dinar would come out low and climb... Also had a member, a relative that worked at a bank, said there was a rush... buying Dong and was told "the rates are to be changing this week,"...We will see what happens in the coming hours.
3-25-2019 Newshound/Intel Guru Mnt Goat ...But the reinstatement is not just changing the CBI rate. It is a reinstatement process with many more technical issues that arise if you go from a CBI rate to a Market rate and do it in the middle of a fiscal accounting period for the year. I can not go into all the details and many of you would not understand the adjustments to the ledgers that would have to be made from moving from a 1180 rate to a $4.40 rate, as it is a very substantial change in values. How do you adjust and reconcile a ledger with a mix of program rate and true market rate of the dinar? So we can see the dilemma that the GOI is in when they did not make their target for a January 2019 reinstatement. The effects ripple enormously once they open the budget and then try to reinstate later in the middle of a fiscal year. [post 2 of 2]
3-25-2019 Newshound/Intel Guru Mnt Goat Many of these intel gurus are telling you that the CBI and GOI want to reinstate the currency by the end of March. I am hearing the same and we know that the govt has not yet opened its 2019 budget...We have been told that the GOI waits to open the budget because once they do, if the reinstatement (which will include significant rate increase for the dinar) did not yet happen they may have to wait until January 2020 window again. They do not want to do this. [post 1 of 2....stay tuned]
3-25-2019 Intel Guru MarkZ [I did hear from sources, that they will force release the 800s, today at 1 PM , have you heard anything in regards to that?] Yes I have heard that...from banking...contacts…also heard it may be closer to the end of the banking day today...really hoping this rumor is true. I will post all the 800 numbers I get …I am expecting all banks will have separate numbers. I want you all to have as many options as is possible. I do have very good UST contacts..and I hope to have updates and news from them today. ...we are chasing a lot of news. We are still looking for this month...it may be late afternoon before I get news. [post 2 of 2]
3-25-2019 Intel Guru MarkZ Iraq is done and waiting for everything to release just like we are. [Frank26 says cabinet members are already in but under wraps and USA protection.] I agree. ...At first I did not think the Mueller report had anything to do with the RV...but I changed my mind...a lot started happening as soon as the announcement hit that the report was done and no more indictments. [Please Explain and Stress the Importance Of a NDA.] ...When this does go they do not want panic in the markets and the NDAS will be very important for the average person. They want the markets to quietly settle down and they want to keep all of this very quiet. [post 1 of 2....stay tuned]
3-25-2019 Newshound Guru MilitiaMan Article: "A fine of 50 million and imprisonment for a person who hires or starts to prepare for false money" Now this is so very interesting as they are telling the citizens don't get caught counterfeiting coins... They don't have any yet, but, boy are they going to! Once they reinstate that fine is massive. imo...The main point is they are talking coins!!
3-25-2019 Newshound/Intel Guru Mnt Goat ...But the reinstatement is not just changing the CBI rate. It is a reinstatement process with many more technical issues that arise if you go from a CBI rate to a Market rate and do it in the middle of a fiscal accounting period for the year. I can not go into all the details and many of you would not understand the adjustments to the ledgers that would have to be made from moving from a 1180 rate to a $4.40 rate, as it is a very substantial change in values. How do you adjust and reconcile a ledger with a mix of program rate and true market rate of the dinar? So we can see the dilemma that the GOI is in when they did not make their target for a January 2019 reinstatement. The effects ripple enormously once they open the budget and then try to reinstate later in the middle of a fiscal year. [post 2 of 2]
3-25-2019 Newshound/Intel Guru Mnt Goat Many of these intel gurus are telling you that the CBI and GOI want to reinstate the currency by the end of March. I am hearing the same and we know that the govt has not yet opened its 2019 budget...We have been told that the GOI waits to open the budget because once they do, if the reinstatement (which will include significant rate increase for the dinar) did not yet happen they may have to wait until January 2020 window again. They do not want to do this. [post 1 of 2....stay tuned]
3-25-2019 Intel Guru MarkZ [I did hear from sources, that they will force release the 800s, today at 1 PM , have you heard anything in regards to that?] Yes I have heard that...from banking...contacts…also heard it may be closer to the end of the banking day today...really hoping this rumor is true. I will post all the 800 numbers I get …I am expecting all banks will have separate numbers. I want you all to have as many options as is possible. I do have very good UST contacts..and I hope to have updates and news from them today. ...we are chasing a lot of news. We are still looking for this month...it may be late afternoon before I get news. [post 2 of 2]
3-25-2019 Intel Guru MarkZ Iraq is done and waiting for everything to release just like we are. [Frank26 says cabinet members are already in but under wraps and USA protection.] I agree. ...At first I did not think the Mueller report had anything to do with the RV...but I changed my mind...a lot started happening as soon as the announcement hit that the report was done and no more indictments. [Please Explain and Stress the Importance Of a NDA.] ...When this does go they do not want panic in the markets and the NDAS will be very important for the average person. They want the markets to quietly settle down and they want to keep all of this very quiet. [post 1 of 2....stay tuned]
3-25-2019 Newshound Guru MilitiaMan Article: "A fine of 50 million and imprisonment for a person who hires or starts to prepare for false money" Now this is so very interesting as they are telling the citizens don't get caught counterfeiting coins... They don't have any yet, but, boy are they going to! Once they reinstate that fine is massive. imo...The main point is they are talking coins!!
3-24-2019 Newshound Guru Kaperoni ...they can never stop the auctions until two things are accomplished. 1. They float the currency, 2. they move to Article VIII.
3-24-2019 Intel Guru ADMINBILL IMO you & I are nearing the beginning of a new and unknown future. Are you as ready as you should be? Do you have a plan? Are your papers in order...?
3-24-2019 Newshound Guru Kaperoni So as of now, the CBI has met the 2% rule for a year and there is no MCP...They are in compliance. Part of compliance to get out of Article XIV to Article VIII is the ability to control that. So the IMF requires that before they could move to Article VIII. ...the CBI cannot stop the auctions until it has something to replace it with. The auctions are the CBI's source of revenue. The replacement is the float which allows the CBI to then buy/sell its currency on the world market like any other country that floats... [You can always see the latest CBI official rate and market rate on the left side of this page.]
3-24-2019 Newshound Guru Adam Montana We all know that it won't just be us little investors and Iraq that benefits from a change in the Iraqi Dinar. Every country that has physical dinar in their reserves, or any kind of trade alliance with Iraq, will also benefit. That's one piece of the puzzle, and an important one, but what's even more important is the overall picture... which just keeps getting better and better. Iraq's reserves reporting positive news: "CBI News 03/20/2019 Annual Report of the performance of foreign reserves of the Central Bank of Iraq" Quote: "Iraq's foreign reserves rise 32.6% last year Central Bank of Iraq" Iraq could not ask for a better scenario under which to increase the value of their currency. [post 2 of 2]
3-24-2019 Newshound Guru Adam Montana I've been saying for a couple months now that oil to ~$60 was what I want to see. This is not because $60 is a "magic number", so even though we *almost* hit $60 this week ($59.85 I think!!!), I'm going to state that the oil price is "close enough" and we are officially in the GREEN ZONE on that aspect. A declining price in oil would have made the RV-Button-Pushers pull back. That didn't happen. A sudden spike to $60 would have urged no action, because a sudden pullback would have been expected. That didn't happen either! What we have been seeing in the price of oil is a steady climb, very controlled and consistent, towards the $60 mark. ...Keep in mind that the OPEC oil production limitation agreement that virtually every OPEC country/member has signed onto, with the exception of Iraq, is largely responsible for this controlled growth... [post 1 of 2....stay tuned]
3-24-2019 Intel Guru ADMINBILL IMO you & I are nearing the beginning of a new and unknown future. Are you as ready as you should be? Do you have a plan? Are your papers in order...?
3-24-2019 Newshound Guru Kaperoni So as of now, the CBI has met the 2% rule for a year and there is no MCP...They are in compliance. Part of compliance to get out of Article XIV to Article VIII is the ability to control that. So the IMF requires that before they could move to Article VIII. ...the CBI cannot stop the auctions until it has something to replace it with. The auctions are the CBI's source of revenue. The replacement is the float which allows the CBI to then buy/sell its currency on the world market like any other country that floats... [You can always see the latest CBI official rate and market rate on the left side of this page.]
3-24-2019 Newshound Guru Adam Montana We all know that it won't just be us little investors and Iraq that benefits from a change in the Iraqi Dinar. Every country that has physical dinar in their reserves, or any kind of trade alliance with Iraq, will also benefit. That's one piece of the puzzle, and an important one, but what's even more important is the overall picture... which just keeps getting better and better. Iraq's reserves reporting positive news: "CBI News 03/20/2019 Annual Report of the performance of foreign reserves of the Central Bank of Iraq" Quote: "Iraq's foreign reserves rise 32.6% last year Central Bank of Iraq" Iraq could not ask for a better scenario under which to increase the value of their currency. [post 2 of 2]
3-24-2019 Newshound Guru Adam Montana I've been saying for a couple months now that oil to ~$60 was what I want to see. This is not because $60 is a "magic number", so even though we *almost* hit $60 this week ($59.85 I think!!!), I'm going to state that the oil price is "close enough" and we are officially in the GREEN ZONE on that aspect. A declining price in oil would have made the RV-Button-Pushers pull back. That didn't happen. A sudden spike to $60 would have urged no action, because a sudden pullback would have been expected. That didn't happen either! What we have been seeing in the price of oil is a steady climb, very controlled and consistent, towards the $60 mark. ...Keep in mind that the OPEC oil production limitation agreement that virtually every OPEC country/member has signed onto, with the exception of Iraq, is largely responsible for this controlled growth... [post 1 of 2....stay tuned]
3-23-2019 Newshound/Intel Gurus Delta and MilitiaMan Article: "Iraq: Activation of the first phase of the Kuwaiti grant for the reconstruction of the affected areas" Quote: "...that the President of the Fund Mustafa Al-Hiti signed a contract to activate the Kuwaiti grant phase I, amounting to $ 15 million... "He added that projects will be launched on Wednesday." [I thought this was only going to be released after a full MR,(monetary reform) or did I miss something?] YES YOU DID MISS SOMETHING...TODAY IS SAT ...NOT WED YET... With what we have over the last couple weeks is outstanding! imo... FA (final Article)...is game changer... Quote: “The Parliamentary Financial Committee is moving in current legislative session to develop mechanisms, to change, the Monetary and the Monetary Policy, in coordination with the CBI and aimed at raising the dinar exchange rate and maintaining the stability of inflation. The change will raise the exchange rate of the Iraqi Dinar against foreign currencies.”
3-23-2019 Intel Guru MarkZ There is a lot going on this morning…I am really hopeful we will get the “go” sometime late this weekend. I am excited and at the edge of my seat right now. [Trump is free start the RV.] Yes, that is what we were told. [does the Mueller release mean a “green light Mark”?] I am being told YES it means a green light…I wasn’t sure it was connected, but it appears it was. ...IMO The Final Protocals are being done...I am looking at a SUN -Mon event…
3-23-2019 Guru Newshound/Intel Mnt Goat Article: "INTEGRITY COMMISSION ON TUESDAY, IT WAS ABLE TO CONTROL CASES OF MANIPULATION IN THE SALE OF CURRENCY" Quote: “THE CHANGE WILL BE MADE BY RAISING THE EXCHANGE RATE OF THE IRAQI DINAR AGAINST FOREIGN CURRENCIES”. What did they just tell us...? They are going ahead with the currency reform. Also I want to point out we keep getting article after article on how Iraq needs investors to come into Iraq, yet they can’t without a FREE FLOW of capital and you can’t have a FREE FLOW OF CAPITAL using the currency auctions. This would be disastrous for Iraq. So they need to go international and they need to raise the value in the process or it will not work. It is all interconnected and it is time to get it done- not later but NOW!
3-23-2019 Intel Guru MarkZ [So when you say iraq may float the currency. Do you mean from the 1190 or from a RV/RI status?] It makes sense to me to a lower RI (reinstate) their currency and then float up to where it needs to be…
3-23-2019 Newshound/Intel Guru Mnt Goat We know that when these last ministers are voted in this will complete the government. We have been told that the government must be completed and stable prior to any reinstatement. This has been a major requirement over the years. I am not saying this is the ONLY requirement. We also know that there is still major corruption with the currency. How much of it is fixed and to what extent we do not yet know. But this too was told to us all that it would hold up the project to delete the zeros. Could it be fixed enough now?
3-23-2019 Intel Guru MarkZ There is a lot going on this morning…I am really hopeful we will get the “go” sometime late this weekend. I am excited and at the edge of my seat right now. [Trump is free start the RV.] Yes, that is what we were told. [does the Mueller release mean a “green light Mark”?] I am being told YES it means a green light…I wasn’t sure it was connected, but it appears it was. ...IMO The Final Protocals are being done...I am looking at a SUN -Mon event…
3-23-2019 Guru Newshound/Intel Mnt Goat Article: "INTEGRITY COMMISSION ON TUESDAY, IT WAS ABLE TO CONTROL CASES OF MANIPULATION IN THE SALE OF CURRENCY" Quote: “THE CHANGE WILL BE MADE BY RAISING THE EXCHANGE RATE OF THE IRAQI DINAR AGAINST FOREIGN CURRENCIES”. What did they just tell us...? They are going ahead with the currency reform. Also I want to point out we keep getting article after article on how Iraq needs investors to come into Iraq, yet they can’t without a FREE FLOW of capital and you can’t have a FREE FLOW OF CAPITAL using the currency auctions. This would be disastrous for Iraq. So they need to go international and they need to raise the value in the process or it will not work. It is all interconnected and it is time to get it done- not later but NOW!
3-23-2019 Intel Guru MarkZ [So when you say iraq may float the currency. Do you mean from the 1190 or from a RV/RI status?] It makes sense to me to a lower RI (reinstate) their currency and then float up to where it needs to be…
3-23-2019 Newshound/Intel Guru Mnt Goat We know that when these last ministers are voted in this will complete the government. We have been told that the government must be completed and stable prior to any reinstatement. This has been a major requirement over the years. I am not saying this is the ONLY requirement. We also know that there is still major corruption with the currency. How much of it is fixed and to what extent we do not yet know. But this too was told to us all that it would hold up the project to delete the zeros. Could it be fixed enough now?
3-22-2019 Intel Guru MarkZ I hear that every bank will have their own 800 numbers…so I will be sharing multiple 800 numbers. Remember DON”T LET YOUR CURRENCY OUT OF YOUR SIGHT!!! ...IF THE WEEKEND IS ACTIVE AND THINGS EXECUTE...THEN TUESDAY MAY BE NICE DAY FOR US WE THE PEEPS...If I get big news - I will...maybe have another stream…if not I will update you all in the morning...I will be glued to the phone this weekend. [post 2 of 2]
3-22-2019 Intel Guru MarkZ I am feeling really good about this weekend guys...The rumors are that the RV will start late tonight…I am looking for possibly the trigger is pulled overnight on Saturday and then 800 numbers on Sunday. This makes logistical sense to me...My source in Iraq is expecting a rate change tomorrow….he says there is so much excitement in Iraq right now...Its not a question of "if" It's a question of "When"...if it doesn’t happen by tomorrow we are still at an anytime basis...I still think the back wall is April 1st…but I think it will be already done... [post 1 of 2....stay tuned]
3-22-2019 Newshound Guru Kaperoni [Does pegging the American dollar to the dinar make the dinar go up in value faster ?] When its pegged it can't go anywhere. The primary reason they do this is for stability which is a condition under IMF Article XIV.
3-22-2019 Newshound Guru larrykn I don't care how it comes out to be honest just come out...it would raise to how the investments come in. I don't think it would take forever to get to where we can make money. I find it interesting how Iraq is buying gold for their reserve. that would also help with their currency and stability. ...it has been a long road but they also have made a lot of progress too...not saying they don't have a ways to go but someday there will be a finish line. Hopefully not that far away, time will tell.
3-22-2019 Intel Guru Bruce [via PinkRoses] ...we know that things are happening to bring this to a conclusion. We know certain dates. We know certain things that are happening...we know even though the rates have been fluctuating somewhat over the last few days, they been moving up. The Dinar rate has been moving up. When the Dinar goes up in value, the Dong also increases...We know the Dinar rate is expected to be between $8 and $9 by tomorrow morning [Friday]. ...I believe it is known throughout the globe in many banking institutions that the RV...has initiated and it is moving thru, and it is coming to us. ...I am very excited about that...I am highly expectant to get some good news very shortly.
3-22-2019 Newshound Guru MilitiaMan ...we are in a very good place within the place we are in now with MRs. Add in Mahdi is in Cairo with Jordan tomorrow... Egypt and Jordan are huge trading partners. Is Mahdi getting accolades, from possibly what he did today the 21st of March at the beginning of Norouz holiday to end at the end of the holiday, just as the neighbor [Kuwait?] did in 1991? Well time will tell, but, be sure imo things are in alignment as far as I can tell...
3-22-2019 Newshound Guru Kaperoni ...two articles...confirm the plan for the currency as we have said for years. It will not RV or RI, but will gradually rise over time via float. These articles are simply stating that the government is going to begin to take action (like passing laws) which will have an effect on the CBI (and exchange rate). IMO, Still weeks maybe months. Exciting news for sure but this still takes time. First we need the laws, then the investors/investment, then pressure on the capital account at the CBI, then the float to offset that pressure. Remember...the CBI is in control of monetary policy. And the government is in control of activating investment/investors. The tool the CBI uses to combat inflation is to float the dinar. This all takes time.
3-22-2019 Intel Guru MarkZ I am feeling really good about this weekend guys...The rumors are that the RV will start late tonight…I am looking for possibly the trigger is pulled overnight on Saturday and then 800 numbers on Sunday. This makes logistical sense to me...My source in Iraq is expecting a rate change tomorrow….he says there is so much excitement in Iraq right now...Its not a question of "if" It's a question of "When"...if it doesn’t happen by tomorrow we are still at an anytime basis...I still think the back wall is April 1st…but I think it will be already done... [post 1 of 2....stay tuned]
3-22-2019 Newshound Guru Kaperoni [Does pegging the American dollar to the dinar make the dinar go up in value faster ?] When its pegged it can't go anywhere. The primary reason they do this is for stability which is a condition under IMF Article XIV.
3-22-2019 Newshound Guru larrykn I don't care how it comes out to be honest just come out...it would raise to how the investments come in. I don't think it would take forever to get to where we can make money. I find it interesting how Iraq is buying gold for their reserve. that would also help with their currency and stability. ...it has been a long road but they also have made a lot of progress too...not saying they don't have a ways to go but someday there will be a finish line. Hopefully not that far away, time will tell.
3-22-2019 Intel Guru Bruce [via PinkRoses] ...we know that things are happening to bring this to a conclusion. We know certain dates. We know certain things that are happening...we know even though the rates have been fluctuating somewhat over the last few days, they been moving up. The Dinar rate has been moving up. When the Dinar goes up in value, the Dong also increases...We know the Dinar rate is expected to be between $8 and $9 by tomorrow morning [Friday]. ...I believe it is known throughout the globe in many banking institutions that the RV...has initiated and it is moving thru, and it is coming to us. ...I am very excited about that...I am highly expectant to get some good news very shortly.
3-22-2019 Newshound Guru MilitiaMan ...we are in a very good place within the place we are in now with MRs. Add in Mahdi is in Cairo with Jordan tomorrow... Egypt and Jordan are huge trading partners. Is Mahdi getting accolades, from possibly what he did today the 21st of March at the beginning of Norouz holiday to end at the end of the holiday, just as the neighbor [Kuwait?] did in 1991? Well time will tell, but, be sure imo things are in alignment as far as I can tell...
3-22-2019 Newshound Guru Kaperoni ...two articles...confirm the plan for the currency as we have said for years. It will not RV or RI, but will gradually rise over time via float. These articles are simply stating that the government is going to begin to take action (like passing laws) which will have an effect on the CBI (and exchange rate). IMO, Still weeks maybe months. Exciting news for sure but this still takes time. First we need the laws, then the investors/investment, then pressure on the capital account at the CBI, then the float to offset that pressure. Remember...the CBI is in control of monetary policy. And the government is in control of activating investment/investors. The tool the CBI uses to combat inflation is to float the dinar. This all takes time.
3-21-2019 Newshound Guru Breitling Iraq needs the price per barrel to be at $57 to pay for their economy. But to pull it out of the ground is much cheaper…they’re probably pulling it out of the group for $9 or $10 per barrel and then putting it on the market and the market price is $57.
3-21-2019 Newshound/Intel Guru David M. Witty Iraqi MP from Fatah Coalition says Parliament's schedule for next week does not contain a vote on vacant cabinet positions. However, he thinks there will be a vote in the following week. Still disagreements among political blocs about cabinet positions.
3-21-2019 Intel Guru ADMINBILL We will get there folks. ...The roll out started last week and continues today. It's kind of like rolling out a new carpet. Stays curled up at the end making it easy to trip over. It will be flat & usable soon enough.
3-21-2019 Intel Guru MarkZ [Iraq triggers the dong and other currencies? Basket of currencies?] They will all go at once…Iraq is just one of the biggest parts of the basket...
3-21-2019 Newshound Guru Breitling Question: What do the Iraqi’s need to finish for it to revalue? As far as legislation and policy absolutely nothing… I still don’t understand why they haven’t revalued or simply haven’t started adding value to it. I don’t understand that…the real price of the Iraqi dinar comes from the CBI. That’s all you need to know.
3-21-2019 Intel Guru Frank26 & Walkingstick With the cancellation of these contracts, and the rewriting of them, well there’s no doubt, yeah, we trapped them. We SEALED IT! For the rate to...show itself to us. ...if they do come out and pay us 300,000,000 dinars or 300,000 USD, well then they tipped their hat to us, that the rate is 1:1 that they are calculating with. Or they simply don’t care about the public knowledge of the reinstatement of their currency. Everybody knows what they’re doing. This financial action, is in the contract, is in the pay of the citizens that work for Walkingstick’s firm. For all his companies. For all the citizens getting paid. And it’s not a mathematical mistake. It is the reinstatement of the IQD, in the change of their exchange rate. And they will tell you when it’s official and when it’s done. As much as you can see and transparently right through it, as if it was casper the ghost. You know very well what’s going on. You just don’t know when they’re going to announce it. THAT’S IT!!! This reinstatement feels so close, you know why...? Because it’s not a secret. [post 3 of 3]
3-21-2019 Intel Guru Frank26 & Walkingstick ...Now, when they changed them, last week, WS [Guru Walkingstick] firms lawyers got involved, in the rewriting of the contracts. And what it boils down to is they use the wording in the contracts they have received to guarantee 1:1. The contract says very plain and simple: for example a $300,000 USD contract, when they pay us (WS firm) it is to be paid equivalent value of IQDs. They have two choices they can either pay us 300,000 American Dollars or they pay us 300,000 IQDs equivalent to American Dollars. And the only way they can do that is if they paid us at 1:1. These new rewritten contracts that still contain a 1:1 rate, are due to be paid to us in the next 5 days. If they do pay us to the equivalent of the American dollar, 300,000 IQD, then that’s the 1:1 that has been factored in to the redomination, into the revaluation, into their revaluation numbers...And time will tell us whether or not we painted them into a corner. ...But if they pay us 300,000,000,000 (billion) dinars, we know that they have not changed the numbers...We shall know by Friday. [post 2 of 3....stay tuned]
3-21-2019 Intel Guru Frank26 & Walkingstick [via Sunkissed] Remember the contracts that were presented to us on December 28, 2018... Those were 30, 45, 60, and 90 day contracts. They paid for the 30-day contracts. The more recent contracts on the 30 and 60 days have just been cancelled. They were just cancelled this week to be rewritten. They complied with some of the contracts. But they cancelled the big ones, the latest ones, but they were rewritten in the same manner. Will be paid at 1:1. When they cancelled and rewrote them, they kicked the can down the road. They rewrote them better. ...They were written in the same manner as the ones on December 28, to be paid in USDs, or the equivalent IQDs with the exchange rate. [post 1 of 3....stay tuned]
3-21-2019 Newshound Guru MilitiaMan Article: "Parliamentary move to raise the price of the dinar and maintain the stability of inflation" Quote: "the change will raise the exchange rate of the Iraqi dinar against foreign currencies" The wording "the change will" means it is going to happen! They are moving on it now, imo, effectively. ... EXCITING TIMES FOLKS...
3-21-2019 Newshound/Intel Guru David M. Witty Iraqi MP from Fatah Coalition says Parliament's schedule for next week does not contain a vote on vacant cabinet positions. However, he thinks there will be a vote in the following week. Still disagreements among political blocs about cabinet positions.
3-21-2019 Intel Guru ADMINBILL We will get there folks. ...The roll out started last week and continues today. It's kind of like rolling out a new carpet. Stays curled up at the end making it easy to trip over. It will be flat & usable soon enough.
3-21-2019 Intel Guru MarkZ [Iraq triggers the dong and other currencies? Basket of currencies?] They will all go at once…Iraq is just one of the biggest parts of the basket...
3-21-2019 Newshound Guru Breitling Question: What do the Iraqi’s need to finish for it to revalue? As far as legislation and policy absolutely nothing… I still don’t understand why they haven’t revalued or simply haven’t started adding value to it. I don’t understand that…the real price of the Iraqi dinar comes from the CBI. That’s all you need to know.
3-21-2019 Intel Guru Frank26 & Walkingstick With the cancellation of these contracts, and the rewriting of them, well there’s no doubt, yeah, we trapped them. We SEALED IT! For the rate to...show itself to us. ...if they do come out and pay us 300,000,000 dinars or 300,000 USD, well then they tipped their hat to us, that the rate is 1:1 that they are calculating with. Or they simply don’t care about the public knowledge of the reinstatement of their currency. Everybody knows what they’re doing. This financial action, is in the contract, is in the pay of the citizens that work for Walkingstick’s firm. For all his companies. For all the citizens getting paid. And it’s not a mathematical mistake. It is the reinstatement of the IQD, in the change of their exchange rate. And they will tell you when it’s official and when it’s done. As much as you can see and transparently right through it, as if it was casper the ghost. You know very well what’s going on. You just don’t know when they’re going to announce it. THAT’S IT!!! This reinstatement feels so close, you know why...? Because it’s not a secret. [post 3 of 3]
3-21-2019 Intel Guru Frank26 & Walkingstick ...Now, when they changed them, last week, WS [Guru Walkingstick] firms lawyers got involved, in the rewriting of the contracts. And what it boils down to is they use the wording in the contracts they have received to guarantee 1:1. The contract says very plain and simple: for example a $300,000 USD contract, when they pay us (WS firm) it is to be paid equivalent value of IQDs. They have two choices they can either pay us 300,000 American Dollars or they pay us 300,000 IQDs equivalent to American Dollars. And the only way they can do that is if they paid us at 1:1. These new rewritten contracts that still contain a 1:1 rate, are due to be paid to us in the next 5 days. If they do pay us to the equivalent of the American dollar, 300,000 IQD, then that’s the 1:1 that has been factored in to the redomination, into the revaluation, into their revaluation numbers...And time will tell us whether or not we painted them into a corner. ...But if they pay us 300,000,000,000 (billion) dinars, we know that they have not changed the numbers...We shall know by Friday. [post 2 of 3....stay tuned]
3-21-2019 Intel Guru Frank26 & Walkingstick [via Sunkissed] Remember the contracts that were presented to us on December 28, 2018... Those were 30, 45, 60, and 90 day contracts. They paid for the 30-day contracts. The more recent contracts on the 30 and 60 days have just been cancelled. They were just cancelled this week to be rewritten. They complied with some of the contracts. But they cancelled the big ones, the latest ones, but they were rewritten in the same manner. Will be paid at 1:1. When they cancelled and rewrote them, they kicked the can down the road. They rewrote them better. ...They were written in the same manner as the ones on December 28, to be paid in USDs, or the equivalent IQDs with the exchange rate. [post 1 of 3....stay tuned]
3-21-2019 Newshound Guru MilitiaMan Article: "Parliamentary move to raise the price of the dinar and maintain the stability of inflation" Quote: "the change will raise the exchange rate of the Iraqi dinar against foreign currencies" The wording "the change will" means it is going to happen! They are moving on it now, imo, effectively. ... EXCITING TIMES FOLKS...
3-20-2019 Newshound/Intel Guru Mnt Goat Also I want to remind you that...parliament passed the law to allow more independency in the CBI, not that legally they don’t already have it. But when the GOI keeps holding them back, they needed this law to get over all this corruption. After reading this article I really think that parliament is going to go over the PM and get it done with the CBI. So I would consider this one of those WOW! articles. [post 2 of 2]
3-20-2019 Newshound/Intel Guru Mnt Goat I need everyone to take a deep breath and hold on to your seats. We...have one article in particular that is simply amazing and warrants getting the champagne back in the frig. It is one of these “WOW!” articles. We have not had this kind of news in a very long time... Article: "PARLIAMENTARY FINANCE COMMITTEE IS DEVELOPING MECHANISMS TO CHANGE THE COUNTRY'S FISCAL AND MONETARY POLICIES IN COORDINATION WITH THE CENTRAL BANK OF IRAQ" So here is it in black and white, the news of the RV we have been waiting for in anticipation...Just like I told you... It will all surface when they are ready to do it. Now they are ready. [post 1 of 2....stay tuned]
3-20-2019 Intel Guru MarkZ There is a whole lot breaking loose right now...If things roll out today like we think they might…maybe we will see 800’s by Thursday or Friday. ...My Contact in Iraq expects the rate on Saturday...
... [DO YOU FEEL...That Provided Iraq DOES POST the New Rate in their Paper on Saturday, that it could STILL BE 10 DAYS...BEFORE THE REST OF US CAN EXCHANGE CURRENCIES...?] I think it will be instant all around the world….It would be easiest for them to post the rates on Saturday and then we all get started…we will have to wait and see what happens.
3-20-2019 Intel Guru Bruce A lot of things have come in here the last few days. ...We know Iraq is basically complete with everything they were supposed to do. We know on the screens today that the Dinar was fluctuating... ...Rates have been adjusting upward...they are still adjusting...We are expecting the Dong to be pretty close to $7 or more on the front screen...The Dinar will be good. It will be higher obviously. Maybe not a whole lot higher though not initially. I think it will climb after it is brought out and after it has been traded more than it has so far. ...We are about to embark on I think some major things happening...we are looking at the possibility of things happening by Thursday for us...We got a lot to look forward to the next couple of days. I really believe we are on our way.
3-20-2019 Intel Guru Frank26 SOMETHING HAPPENED TODAY AND OUR NEWSHOUNDS ARE BRINGING IT TO YOU...IT IS VERY SIGNIFICANT. Article: "Parliamentary move to raise the price of the dinar and maintain the stability of inflation" Quotes: "The Parliamentary Finance Committee is moving in the current legislative session to develop mechanisms to change the monetary and monetary policies in the country, in coordination with the Central Bank of Iraq, aimed at raising the dinar exchange rate and maintaining the stability of inflation."; "the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation In the country".
3-20-2019 Newshound/Intel Guru Mnt Goat Article: "THE PAPER AND METAL CURRENCY AFTER 2003, WHICH DID NOT SUCCEED IN TRADING AND WAS CANCELED" I would consider this an early phase of educating the citizens about the currency. Remember that in 2015 coming close to January 2016, the CBI told us they wanted launch the 100 coins but later decided not to. ...I believe they are getting ready to launch these 25, 50 and 100 very soon and are telling the citizens to watch out for the “cancelled” 50 dinar notes from 2003 no longer valid and that here are the pictures of the coins that are valid and coming soon. This is PERFECT too since we know that are going to slowly launch these smaller categories as the market dictates...
3-20-2019 Newshound/Intel Guru Mnt Goat I need everyone to take a deep breath and hold on to your seats. We...have one article in particular that is simply amazing and warrants getting the champagne back in the frig. It is one of these “WOW!” articles. We have not had this kind of news in a very long time... Article: "PARLIAMENTARY FINANCE COMMITTEE IS DEVELOPING MECHANISMS TO CHANGE THE COUNTRY'S FISCAL AND MONETARY POLICIES IN COORDINATION WITH THE CENTRAL BANK OF IRAQ" So here is it in black and white, the news of the RV we have been waiting for in anticipation...Just like I told you... It will all surface when they are ready to do it. Now they are ready. [post 1 of 2....stay tuned]
3-20-2019 Intel Guru MarkZ There is a whole lot breaking loose right now...If things roll out today like we think they might…maybe we will see 800’s by Thursday or Friday. ...My Contact in Iraq expects the rate on Saturday...
... [DO YOU FEEL...That Provided Iraq DOES POST the New Rate in their Paper on Saturday, that it could STILL BE 10 DAYS...BEFORE THE REST OF US CAN EXCHANGE CURRENCIES...?] I think it will be instant all around the world….It would be easiest for them to post the rates on Saturday and then we all get started…we will have to wait and see what happens.
3-20-2019 Intel Guru Bruce A lot of things have come in here the last few days. ...We know Iraq is basically complete with everything they were supposed to do. We know on the screens today that the Dinar was fluctuating... ...Rates have been adjusting upward...they are still adjusting...We are expecting the Dong to be pretty close to $7 or more on the front screen...The Dinar will be good. It will be higher obviously. Maybe not a whole lot higher though not initially. I think it will climb after it is brought out and after it has been traded more than it has so far. ...We are about to embark on I think some major things happening...we are looking at the possibility of things happening by Thursday for us...We got a lot to look forward to the next couple of days. I really believe we are on our way.
3-20-2019 Intel Guru Frank26 SOMETHING HAPPENED TODAY AND OUR NEWSHOUNDS ARE BRINGING IT TO YOU...IT IS VERY SIGNIFICANT. Article: "Parliamentary move to raise the price of the dinar and maintain the stability of inflation" Quotes: "The Parliamentary Finance Committee is moving in the current legislative session to develop mechanisms to change the monetary and monetary policies in the country, in coordination with the Central Bank of Iraq, aimed at raising the dinar exchange rate and maintaining the stability of inflation."; "the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation In the country".
3-20-2019 Newshound/Intel Guru Mnt Goat Article: "THE PAPER AND METAL CURRENCY AFTER 2003, WHICH DID NOT SUCCEED IN TRADING AND WAS CANCELED" I would consider this an early phase of educating the citizens about the currency. Remember that in 2015 coming close to January 2016, the CBI told us they wanted launch the 100 coins but later decided not to. ...I believe they are getting ready to launch these 25, 50 and 100 very soon and are telling the citizens to watch out for the “cancelled” 50 dinar notes from 2003 no longer valid and that here are the pictures of the coins that are valid and coming soon. This is PERFECT too since we know that are going to slowly launch these smaller categories as the market dictates...
3-19-2019 *** Dinar Guru News Update *** It appears the Iraqi Dinar has been maintained the IMF 2% rule for the Baghdad Market rate vs Official rate for 1 year. (The CBI has reported compliance in the full Iraqi Market for 5 months). This is a very long period of stability for the dinar! You can always see the CBI Market and Official rates on the left of this page. The latest guru posts will continue below...
3-19-2019 Intel Guru MarkZ [Have you heard that IRANIAN Influence is still a factor of holding up the reinstatement and monetary reform?] Yes I have heard that in the past….the concern in Iran was if they were going to continue to sponser terror…I think that has been handled now.
3-19-2019 Newshound/Intel Guru Mnt Goat ...when they think that the CBI has the adequate reserves (and other things) this will give the CBI sound reasoning to go for the reinstatement. In one of the articles today once again they told us they would the “3.3” ($3.30) rate back to the dinar. ...they will probably go beyond that. I quote from the article... “Iraqi state budget was 11 billion dollars and the exchange rate of the dollar 3.3 and today the state budget 450 billion and the exchange rate of the dollar is 1189 dinars.” I think we could possibly be in a window... [post 2 of 2]
3-19-2019 Newshound/Intel Guru Mnt Goat “WHENEVER A RESERVE OF HARD CURRENCY IS INCREASED IN THE STATE TREASURY, THE VALUE OF THE LOCAL CURRENCY RISES.” WOW! Could this also be yet another reason why the CBI is waiting to RI? They need for the reserves to increase? Remember that when Dr Shabibi was about the RI way back in Jan 2013, the CBI reserves where at a all time high of 90+ billion. We know the war with ISIS has brought the CBI reserves down to a dangerous level of about 45 billion. Last we hear the reserves recovered and were about 60+ billion and climbing... [post 1 of 2....stay tuned]
3-19-2019 Intel Guru RayRen98 US Banks - One source says the final rates are not visible, but temporary rates are still intermittently flashing. Other sources are again excited and telling us that we will be "jumping for joy" later this week. ...Well, I am pleased to hear their excitement, but I remain cool, calm and collective until something substantial happens...so should you...Time Will Tell It All! [post 2 of 2]
3-19-2019 Intel Guru RayRen98 "Supposedly" new release codes were to be released to the banks on last Friday after the market closed for Monday morning effectiveness. We are still awaiting more information on the status of said specific codes. Iraqi TV is broadcast Cleric Sadr talking about starting up an effort to replace PM Madhi due to failing to complete the government by now. He also proposed bringing Abadi back as the Prime Minister. Parliament moved it's March 23 session to Sunday, March 24 citing a holiday schedule conflict. [post 1 of 2....stay tuned]
3-19-2019 Intel Guru MarkZ [Are your contacts in the CBI?] My contacts work closely with the CBI. What makes most sense to me is an RI (re-instatement) of the old rate and then let it float up to correct for inflation. My person on the ground in Iraq - as of yesterday says the new rate is not posted in the Gazette yet. We are definitely watching around the clock all week long…so many people say we are there. The news is pretty solid. If anything big happens today I will...be back tonight…if not I will update you all tomorrow morning…. [post 2 of 2]
3-19-2019 Intel Guru MarkZ [I've heard rumors that when this happens and hits 4X that could drive the value up to as much as $8 and then it would settle back to where it should be. what's your opinion on that?] I absolutely agree with that…When Kuwait released…I think around $2.50 and the rate drove up to over $9…With this RI in Iraq - I think there would be a more structured increase. With this exchange with Iraq...it will be for oil credits. [post 1 of 2....stay tuned]
3-19-2019 Newshound Guru Don961 Article: "Al-Araji: Sadr may launch a project against the government of Abdul Mahdi and Abadi will return" Quote: "The political ground is ready for Sadr's reform project," he said, adding that "there is political and popular discontent towards the government of Abdul Mahdi." He added that "Abdul-Mahdi does not have the tools to implement his government program" "He said.
3-19-2019 Newshound/Intel Guru David M. Witty In Iraq, source close to Muqtada Sadr says Sadr considers PM Abdel-Mahdi a failure & that his government will likely fall soon. Sadr is signalling this to political blocs. PM has done nothing.
3-19-2019 Newshound/Intel Guru Mnt Goat The news pouring out of Iraq now is all about Iranian influence and how it is negatively effecting Iraq and the currency reform process. When we see such a number of articles concentrating all on the same topic, we can see clearly that this is what they are working on now and need to resolve. ...This area I totally see how it is impacting on holding back the currency reform, the project to delete the zeros and the reinstatement and so it got my attention. We may be coming to an end to this fiasco of holding back the reinstatement after all if this newest effort will work. So, we sit tight and wait for anticipation.
3-19-2019 Newshound/Intel Guru Mnt Goat ...when they think that the CBI has the adequate reserves (and other things) this will give the CBI sound reasoning to go for the reinstatement. In one of the articles today once again they told us they would the “3.3” ($3.30) rate back to the dinar. ...they will probably go beyond that. I quote from the article... “Iraqi state budget was 11 billion dollars and the exchange rate of the dollar 3.3 and today the state budget 450 billion and the exchange rate of the dollar is 1189 dinars.” I think we could possibly be in a window... [post 2 of 2]
3-19-2019 Newshound/Intel Guru Mnt Goat “WHENEVER A RESERVE OF HARD CURRENCY IS INCREASED IN THE STATE TREASURY, THE VALUE OF THE LOCAL CURRENCY RISES.” WOW! Could this also be yet another reason why the CBI is waiting to RI? They need for the reserves to increase? Remember that when Dr Shabibi was about the RI way back in Jan 2013, the CBI reserves where at a all time high of 90+ billion. We know the war with ISIS has brought the CBI reserves down to a dangerous level of about 45 billion. Last we hear the reserves recovered and were about 60+ billion and climbing... [post 1 of 2....stay tuned]
3-19-2019 Intel Guru RayRen98 US Banks - One source says the final rates are not visible, but temporary rates are still intermittently flashing. Other sources are again excited and telling us that we will be "jumping for joy" later this week. ...Well, I am pleased to hear their excitement, but I remain cool, calm and collective until something substantial happens...so should you...Time Will Tell It All! [post 2 of 2]
3-19-2019 Intel Guru RayRen98 "Supposedly" new release codes were to be released to the banks on last Friday after the market closed for Monday morning effectiveness. We are still awaiting more information on the status of said specific codes. Iraqi TV is broadcast Cleric Sadr talking about starting up an effort to replace PM Madhi due to failing to complete the government by now. He also proposed bringing Abadi back as the Prime Minister. Parliament moved it's March 23 session to Sunday, March 24 citing a holiday schedule conflict. [post 1 of 2....stay tuned]
3-19-2019 Intel Guru MarkZ [Are your contacts in the CBI?] My contacts work closely with the CBI. What makes most sense to me is an RI (re-instatement) of the old rate and then let it float up to correct for inflation. My person on the ground in Iraq - as of yesterday says the new rate is not posted in the Gazette yet. We are definitely watching around the clock all week long…so many people say we are there. The news is pretty solid. If anything big happens today I will...be back tonight…if not I will update you all tomorrow morning…. [post 2 of 2]
3-19-2019 Intel Guru MarkZ [I've heard rumors that when this happens and hits 4X that could drive the value up to as much as $8 and then it would settle back to where it should be. what's your opinion on that?] I absolutely agree with that…When Kuwait released…I think around $2.50 and the rate drove up to over $9…With this RI in Iraq - I think there would be a more structured increase. With this exchange with Iraq...it will be for oil credits. [post 1 of 2....stay tuned]
3-19-2019 Newshound Guru Don961 Article: "Al-Araji: Sadr may launch a project against the government of Abdul Mahdi and Abadi will return" Quote: "The political ground is ready for Sadr's reform project," he said, adding that "there is political and popular discontent towards the government of Abdul Mahdi." He added that "Abdul-Mahdi does not have the tools to implement his government program" "He said.
3-19-2019 Newshound/Intel Guru David M. Witty In Iraq, source close to Muqtada Sadr says Sadr considers PM Abdel-Mahdi a failure & that his government will likely fall soon. Sadr is signalling this to political blocs. PM has done nothing.
3-19-2019 Newshound/Intel Guru Mnt Goat The news pouring out of Iraq now is all about Iranian influence and how it is negatively effecting Iraq and the currency reform process. When we see such a number of articles concentrating all on the same topic, we can see clearly that this is what they are working on now and need to resolve. ...This area I totally see how it is impacting on holding back the currency reform, the project to delete the zeros and the reinstatement and so it got my attention. We may be coming to an end to this fiasco of holding back the reinstatement after all if this newest effort will work. So, we sit tight and wait for anticipation.
3-18-2019 Newshound Guru Kaperoni Article: "Keywords calls to stimulate the real sectors in the country to raise the pressure on the central bank" I am still riding high...on that CBI article I posted over the weekend. The CBI was very clear they want pressure in the article from last weekend. In fact Alaq said "pressure." If you put that in context for what the CBI does (monetary policy)...it is very clear what they saying. I am still hopeful by mid summer Iraq will be ready to begin reforms.
3-18-2019 Intel Guru MarkZ I can find no movement over the weekend. The rumor is banks have received the packages…we have been told by banking contacts that everything goes down between today and Wed. ...I am taking news from banks with a grain of salt…. [... Is there a back wall date?] I think the back wall is the end of March. [Is the QFS (Quantum Financial System)in place to protect our exchange.] I hear it is. ...I hear everything is ready.
3-18-2019 Newshound Guru MilitiaMan Article: "Rafidain: We support partnership with the private sector" Article quote: "Gaining ISO certification for your organization means more accessible entry into new markets, globally-accepted products and services, and compatibility across the world. It also improves your credibility, your process, and ensures focus on customer satisfaction." Having the ISO 9001 aligning or mirroring with Loyds is another big indicator they are gearing for a move towards doing international banking in a big way...All these things ISO 9001 represents shows growth and progress to that Iraq banking is looking to be so very close to un rolling the private sector in a far more advanced way than ever before...a prelude for what is at the door...imo...
3-18-2019 Intel Guru MarkZ I can find no movement over the weekend. The rumor is banks have received the packages…we have been told by banking contacts that everything goes down between today and Wed. ...I am taking news from banks with a grain of salt…. [... Is there a back wall date?] I think the back wall is the end of March. [Is the QFS (Quantum Financial System)in place to protect our exchange.] I hear it is. ...I hear everything is ready.
3-18-2019 Newshound Guru MilitiaMan Article: "Rafidain: We support partnership with the private sector" Article quote: "Gaining ISO certification for your organization means more accessible entry into new markets, globally-accepted products and services, and compatibility across the world. It also improves your credibility, your process, and ensures focus on customer satisfaction." Having the ISO 9001 aligning or mirroring with Loyds is another big indicator they are gearing for a move towards doing international banking in a big way...All these things ISO 9001 represents shows growth and progress to that Iraq banking is looking to be so very close to un rolling the private sector in a far more advanced way than ever before...a prelude for what is at the door...imo...
3-17-2019 Intel Guru MarkZ [your opinion on dela rue machine, or let them send it away, to be verified.] After talking to a treasury contact ...and a number of banking contacts…they told me to NOT LET OUR CURRENCY OUT OF OUR SIGHT…so that’s what I am going to do.
3-17-2019 Newshound/Intel Guru Mnt Goat Article: "COOPERATION OF AMERICAN COMPANIES TO ENTER IRAQ, ESPECIALLY IN FOUR PROVINCES" Quote: "This year will see a great opening and a clear renaissance in the country." This is all fine but how will the companies transfer funds in and out of Iraq? Will they want to convert dinars to US dollars in the currency auctions? I don’t think so…They will want to do through the banking process and they use FOREX. Oh – but the rate is not yet on FOREX.
3-17-2019 Intel Guru MarkZ Historically RVs have happened on a Tuesday or a Thursday... We were told ...way back when that we would go to bed on a sat. night and rates would change and we wake up Monday to all new rates.
3-17-2019 Newshound Guru larrykn the pressure on the CBI is a good thing...they talk about opening the ATM machines to pay salaries and such. If we look at the destruction that happen over there I believe they need more banks with ATM so the customers can get to their money, this will take time and this might be the reason they are taking their time. but then again the seating of the rest of the cabinet might be part of that too. I'm just not sure that is a requirement for Iraq to move forward. We will see, soon. I hear parliament will meet again on the 23rd, we can only hope they can get them seated.
3-17-2019 Newshound Guru Kaperoni Folks need to understand, Iraq is not going to raise the value of their currency arbitrarily. If it goes up in value it will be because the world helped Iraq rebuild and prosper. New central bank article today calling on the politicians to stimulate the real sectors of the country putting pressure on the CBI. This is what I have been saying all along!
3-17-2019 Newshound/Intel Guru Mnt Goat Article: "COOPERATION OF AMERICAN COMPANIES TO ENTER IRAQ, ESPECIALLY IN FOUR PROVINCES" Quote: "This year will see a great opening and a clear renaissance in the country." This is all fine but how will the companies transfer funds in and out of Iraq? Will they want to convert dinars to US dollars in the currency auctions? I don’t think so…They will want to do through the banking process and they use FOREX. Oh – but the rate is not yet on FOREX.
3-17-2019 Intel Guru MarkZ Historically RVs have happened on a Tuesday or a Thursday... We were told ...way back when that we would go to bed on a sat. night and rates would change and we wake up Monday to all new rates.
3-17-2019 Newshound Guru larrykn the pressure on the CBI is a good thing...they talk about opening the ATM machines to pay salaries and such. If we look at the destruction that happen over there I believe they need more banks with ATM so the customers can get to their money, this will take time and this might be the reason they are taking their time. but then again the seating of the rest of the cabinet might be part of that too. I'm just not sure that is a requirement for Iraq to move forward. We will see, soon. I hear parliament will meet again on the 23rd, we can only hope they can get them seated.
3-17-2019 Newshound Guru Kaperoni Folks need to understand, Iraq is not going to raise the value of their currency arbitrarily. If it goes up in value it will be because the world helped Iraq rebuild and prosper. New central bank article today calling on the politicians to stimulate the real sectors of the country putting pressure on the CBI. This is what I have been saying all along!
3-16-2019 Newshound Guru larrykn they have raised their currency one time since they were put of the artificial rate that went from 3000 to 1200...they have floated with the dollar since then. once they go into Art 8 and come out to the world...that all will change...
3-16-2019 Newshound Guru chattels [So,will the GOI be completed today?] Parliament adjourned until the 23rd the last that I saw/read.
3-16-2019 Intel Guru MarkZ ...If things play out like we think…..maybe 800 numbers on Sunday Night. ...Banks do want you all to exchange with them so they will be anxious to have you come in and exchange with them. I feel they will give you the best rates possible to keep you with them. Remember if anything big happens I will come back and let you know... [post 2 of 2]
3-16-2019 Intel Guru MarkZ ...Remember Trump had said he wanted the reset in the first quarter of 2019…which is almost over. [does potus press the button for the rv to start] No he does not- Is he in charge of making sure the US is prepared? Yes. [So Trump and Warren Buffet have dinar?] Yes…and if anyone thinks you are crazy – point this out that 2 of the most knowledgeable investors around think this was a solid investment. [You still think we wont pay taxes on our exchanges?] I defiantly still think there will be no taxes on the exchange. [Speak with a tax expert at the appropriate time about tax laws and regulations] [post 1 of 2....stay tuned]
3-16-2019 Newshound Guru Kaperoni ...substantial investment will cause pressure on the CBI. This is why the CBI needs a tool to counter such. That tool is the a liberal exchange rate regime (float) to allow the gradual appreciation of the currency to offset such pressure. ...look at the bigger picture...Iraq needs investors/investment ...billions of dollars to rebuild, create a market economy. That will create economic pressure and the solution to that is to raise the value. [post 2 of 2]
3-16-2019 Newshound Guru Kaperoni Iraq needs to complete the government and parliament needs to pass the laws before it can open up to investors/investment. Nobody coming otherwise. [Can all of that be done in a short time?] Sure if they decide to do it. But they have shown they are lazy and don't want to accomplish much. Time will tell...and pressure is on them to open the economy. [post 1 of 2....stay tuned]
3-16-2019 Intel Guru MarkZ My guess is reset this weekend and 800 numbers this weekend and exchanges to start Tuesday through Thursday. [After we RV will there be time to buy currency that will be in the 2nd basket before it RV's?] Absolutely- I plan on investing in the second basket...some of those countries are just not ready yet. [Have we ever been this far in the process so far?] Hell No we have never been this far before...exciting things are happening all over...I am still 99 % sure it will happen this month… We have never been this close… I am 99.9 sure we will see it this month...
3-16-2019 Newshound Guru chattels [So,will the GOI be completed today?] Parliament adjourned until the 23rd the last that I saw/read.
3-16-2019 Intel Guru MarkZ ...If things play out like we think…..maybe 800 numbers on Sunday Night. ...Banks do want you all to exchange with them so they will be anxious to have you come in and exchange with them. I feel they will give you the best rates possible to keep you with them. Remember if anything big happens I will come back and let you know... [post 2 of 2]
3-16-2019 Intel Guru MarkZ ...Remember Trump had said he wanted the reset in the first quarter of 2019…which is almost over. [does potus press the button for the rv to start] No he does not- Is he in charge of making sure the US is prepared? Yes. [So Trump and Warren Buffet have dinar?] Yes…and if anyone thinks you are crazy – point this out that 2 of the most knowledgeable investors around think this was a solid investment. [You still think we wont pay taxes on our exchanges?] I defiantly still think there will be no taxes on the exchange. [Speak with a tax expert at the appropriate time about tax laws and regulations] [post 1 of 2....stay tuned]
3-16-2019 Newshound Guru Kaperoni ...substantial investment will cause pressure on the CBI. This is why the CBI needs a tool to counter such. That tool is the a liberal exchange rate regime (float) to allow the gradual appreciation of the currency to offset such pressure. ...look at the bigger picture...Iraq needs investors/investment ...billions of dollars to rebuild, create a market economy. That will create economic pressure and the solution to that is to raise the value. [post 2 of 2]
3-16-2019 Newshound Guru Kaperoni Iraq needs to complete the government and parliament needs to pass the laws before it can open up to investors/investment. Nobody coming otherwise. [Can all of that be done in a short time?] Sure if they decide to do it. But they have shown they are lazy and don't want to accomplish much. Time will tell...and pressure is on them to open the economy. [post 1 of 2....stay tuned]
3-16-2019 Intel Guru MarkZ My guess is reset this weekend and 800 numbers this weekend and exchanges to start Tuesday through Thursday. [After we RV will there be time to buy currency that will be in the 2nd basket before it RV's?] Absolutely- I plan on investing in the second basket...some of those countries are just not ready yet. [Have we ever been this far in the process so far?] Hell No we have never been this far before...exciting things are happening all over...I am still 99 % sure it will happen this month… We have never been this close… I am 99.9 sure we will see it this month...
3-15-2019 Newshound/Intel Guru Mnt Goat ...the CBI...must wait for the GOI and IMF to give the green light. I was told that no smaller category notes have yet been launched only more of the existing 250, 500 and 1000 notes in the ATMS...but what about the much lower 100, 50, 5, 10 and fils? Yes, this is an important question to ask for as far as Iraqis are concerned the lower denominations are out already but not the ones we are looking for... [post 2 of 2]
3-15-2019 Newshound/Intel Guru Mnt Goat ...On Wednesday I called my source in the CBI and had a chat. I am not hearing of any target date for this week or over the weekend to reinstate the dinar on FOREX...Again, I am telling everyone we are just now waiting for the last 4 ministers to be seated (especially the interior minister) as the Iraqis have been told many times they need a “fully” formed and functional government or they will not be allowed to reinstate the currency...Meanwhile I am told the CBI is ready and has been ready. They have had a lot of cleanup on the banking and currency fraud with the currency auctions. But at the point it will NOT stop the reinstatement once approved. They need desperately to move forward... [post 1 of 2....stay tuned]
3-15-2019 Intel Guru Bruce [via PinkRoses] We should be good for this weekend. I am still hearing that...the weekend being Saturday and Sunday. What I am hearing today has been very positive...I also know through good sources that THEY SHOULD allow us to set up appointments Saturday for our...exchanges. It could be Saturday or Sunday, but I am hearing more emphasis on Saturday...That is really as closely we can talk about it without calling it per se...I feel really good everything is coming together. We know...the Dong has been traded up. We know it started pre-trading two days ago. The Dinar is trading up. It started pre-trading 3 1/2 days ago. ...we have been preparing for this for a long time...It is in the wings. It is on deck. It is almost ready to step up to the plate with us. I am excited about it.
3-15-2019 Newshound Guru Adam Montana That's nothing to concern us, of course. In fact, with the steady progress we're seeing in all other areas, the prospect of a currency value change at the start of Iraq's Q2 is a pretty reasonable thought. In other news... not much I can say right now! Parliament is in session and WORKING. We don't have an announcement, but all of the clues are saying *soon*. I'll be monitoring... [post 3 of 3]
3-15-2019 Newshound Guru Adam Montana One item that is of note, and may push us out just a little bit, is the budget/fiscal year. There is a LOT of accounting to be done with any kind of monetary change, and it would certainly make things cleaner to change the rate on a specific date that coincided with something logical like the start of a fiscal year or quarter, or perhaps the beginning of a new budget, or something like that. We are a couple weeks away from the end of Iraq's first fiscal quarter. Their fiscal (XYZ) can be a bit confusing because they don't get the new budget out until after the new fiscal year has already begun, and in the past they have stated that surplus in the budget applies to the following year. Oh, there's nothing like proper planning, where the first three months of the year you have no idea what's in your checking account or what bills are in the mailbox. [post 2 of 3....stay tuned]
3-15-2019 Newshound Guru Adam Montana Oil saw a nice upward spike yesterday. We're not quite to $60, but the trend is still positive. I expect it to pull back a tiny smidge, then continue the steady pace in this direction...I'm not saying "the day OIL hits $60, we will have an RV"! $60 was the direction I wanted to see, and we're basically there. As long as the current trend continues, we are in the (green) zone. Steady and controlled oil prices, + steady and stable GOI, + some HCL goodies...that's what we're looking for, and it keeps coming! [post 1 of 3....stay tuned]
3-15-2019 Newshound/Intel Guru Mnt Goat So far, no voting in parliament on the last 4 ministers. Saturdays promised voting was not completed and postponed yet again. However no new date was confirmed or announce right away. Article quote: "The candidate of the Minister of the Interior has not been agreed upon so far, but Fayadh officially withdrew his candidacy." So another article says that the PM is now able to put his own selection of candidates forward and vote on them. We are told they plan to try again in Thursday 3/21.
3-15-2019 Newshound/Intel Guru Mnt Goat ...On Wednesday I called my source in the CBI and had a chat. I am not hearing of any target date for this week or over the weekend to reinstate the dinar on FOREX...Again, I am telling everyone we are just now waiting for the last 4 ministers to be seated (especially the interior minister) as the Iraqis have been told many times they need a “fully” formed and functional government or they will not be allowed to reinstate the currency...Meanwhile I am told the CBI is ready and has been ready. They have had a lot of cleanup on the banking and currency fraud with the currency auctions. But at the point it will NOT stop the reinstatement once approved. They need desperately to move forward... [post 1 of 2....stay tuned]
3-15-2019 Intel Guru Bruce [via PinkRoses] We should be good for this weekend. I am still hearing that...the weekend being Saturday and Sunday. What I am hearing today has been very positive...I also know through good sources that THEY SHOULD allow us to set up appointments Saturday for our...exchanges. It could be Saturday or Sunday, but I am hearing more emphasis on Saturday...That is really as closely we can talk about it without calling it per se...I feel really good everything is coming together. We know...the Dong has been traded up. We know it started pre-trading two days ago. The Dinar is trading up. It started pre-trading 3 1/2 days ago. ...we have been preparing for this for a long time...It is in the wings. It is on deck. It is almost ready to step up to the plate with us. I am excited about it.
3-15-2019 Newshound Guru Adam Montana That's nothing to concern us, of course. In fact, with the steady progress we're seeing in all other areas, the prospect of a currency value change at the start of Iraq's Q2 is a pretty reasonable thought. In other news... not much I can say right now! Parliament is in session and WORKING. We don't have an announcement, but all of the clues are saying *soon*. I'll be monitoring... [post 3 of 3]
3-15-2019 Newshound Guru Adam Montana One item that is of note, and may push us out just a little bit, is the budget/fiscal year. There is a LOT of accounting to be done with any kind of monetary change, and it would certainly make things cleaner to change the rate on a specific date that coincided with something logical like the start of a fiscal year or quarter, or perhaps the beginning of a new budget, or something like that. We are a couple weeks away from the end of Iraq's first fiscal quarter. Their fiscal (XYZ) can be a bit confusing because they don't get the new budget out until after the new fiscal year has already begun, and in the past they have stated that surplus in the budget applies to the following year. Oh, there's nothing like proper planning, where the first three months of the year you have no idea what's in your checking account or what bills are in the mailbox. [post 2 of 3....stay tuned]
3-15-2019 Newshound Guru Adam Montana Oil saw a nice upward spike yesterday. We're not quite to $60, but the trend is still positive. I expect it to pull back a tiny smidge, then continue the steady pace in this direction...I'm not saying "the day OIL hits $60, we will have an RV"! $60 was the direction I wanted to see, and we're basically there. As long as the current trend continues, we are in the (green) zone. Steady and controlled oil prices, + steady and stable GOI, + some HCL goodies...that's what we're looking for, and it keeps coming! [post 1 of 3....stay tuned]
3-15-2019 Newshound/Intel Guru Mnt Goat So far, no voting in parliament on the last 4 ministers. Saturdays promised voting was not completed and postponed yet again. However no new date was confirmed or announce right away. Article quote: "The candidate of the Minister of the Interior has not been agreed upon so far, but Fayadh officially withdrew his candidacy." So another article says that the PM is now able to put his own selection of candidates forward and vote on them. We are told they plan to try again in Thursday 3/21.
3-14-2019 Intel Guru MarkZ ...I'm looking at the next 24 hrs to see where we are..BY Friday morning I should know...[ [Guru] Bruce sayin we paid by end of week.] He may be right. [Are you still 98% sure for the month?] I’d say I’m 99% sure. [what made you jump higher?] Can’t really share but someone got paid.
3-14-2019 Intel Guru Frank26 IMO ON THE 28TH OF DEC 2018 THEY LIFTED THE 3 ZERO'S ELECTRONICALLY ALLOWING WS'S [Guru Walkingstick's] FIRM MANY CONTRACTS AT 1 TO 1. ...SO IF I WAS IRAN...I TOO WOULD ACCEPT A PAYMENT FROM IRAQ...NOW.
3-14-2019 Intel Guru ADMINBILL I HAVE BEEN MONITORING [Guru] MARKZ'S INFORMATION. HE IS CREDITABLE...We are moving in the right direction. Stay the course. Be prepared to grab hold of the merry-go-round ring and claim your prize.
3-14-2019 Newshound Guru Kaperoni ...an article that said they would not float the dinar...could be interpreted in two ways. 1. being they won't float (which makes no sense because they then would not have the tool they need to counter inflation as investment/investors come to Iraq, or 2. they are not going to float at this time (which may be what they really meant at the time of the article). And may be true...but that was months ago before the dinar was stable and in compliance...
3-14-2019 Intel Guru MarkZ [Who are your contacts in dinar land?] I’ve been in this since the very beginning. I have contacts that are Contractors in Iraq, military people, retired military people... So many banking contacts, regional VP’s in banking, and contacts who actually help set up some of the redemption centers for a major bank for the dinar and dong…
3-14-2019 Newshound/Intel Guru Mnt Goat I can say that I have heard many rumors about the readiness for the launching of the new smaller category notes, however you would think that, if these rumors where true, we would see multiple articles on this topic in the general Iraqi news media prior to the event. We have NOT yet seen this. But also remember this does not mean this even may not be on the radar for the very near future either as we also know these smaller category notes may come in close proximity to the announcement of a reinstatement.
3-14-2019 Intel Guru Frank26 IMO ON THE 28TH OF DEC 2018 THEY LIFTED THE 3 ZERO'S ELECTRONICALLY ALLOWING WS'S [Guru Walkingstick's] FIRM MANY CONTRACTS AT 1 TO 1. ...SO IF I WAS IRAN...I TOO WOULD ACCEPT A PAYMENT FROM IRAQ...NOW.
3-14-2019 Intel Guru ADMINBILL I HAVE BEEN MONITORING [Guru] MARKZ'S INFORMATION. HE IS CREDITABLE...We are moving in the right direction. Stay the course. Be prepared to grab hold of the merry-go-round ring and claim your prize.
3-14-2019 Newshound Guru Kaperoni ...an article that said they would not float the dinar...could be interpreted in two ways. 1. being they won't float (which makes no sense because they then would not have the tool they need to counter inflation as investment/investors come to Iraq, or 2. they are not going to float at this time (which may be what they really meant at the time of the article). And may be true...but that was months ago before the dinar was stable and in compliance...
3-14-2019 Intel Guru MarkZ [Who are your contacts in dinar land?] I’ve been in this since the very beginning. I have contacts that are Contractors in Iraq, military people, retired military people... So many banking contacts, regional VP’s in banking, and contacts who actually help set up some of the redemption centers for a major bank for the dinar and dong…
3-14-2019 Newshound/Intel Guru Mnt Goat I can say that I have heard many rumors about the readiness for the launching of the new smaller category notes, however you would think that, if these rumors where true, we would see multiple articles on this topic in the general Iraqi news media prior to the event. We have NOT yet seen this. But also remember this does not mean this even may not be on the radar for the very near future either as we also know these smaller category notes may come in close proximity to the announcement of a reinstatement.
3-13-2019 Intel Guru MarkZ [With Iraq Parliament saying the Prime Minister can choose the remaining cabinet members within 3 weeks, does this mean the RV can’t go until then?] they can absolutely move forward with the RV before they finish their government. ...It is not an “if” but a “when” for this to happen. This is such a complex thing they are doing but I believe we are in the “end days” of seeing this reset happen.
3-13-2019 Newshound Guru EHankins Education for and to the citizens on the Nasdaq billboard... this must not fail. This is a perfect opportunity for them to learn...they are imo. WE KNOW THIS... have known this for a long long time. Thanks Frank [Guru Frank26] for the heads up and the proof of what's coming... in my opinion. CBI bring it... we are way past the RI... you can pull the trigger any time now.
3-13-2019 Newshound Guru larrykn [...do you guys know when they will finish the remaining 4 cabinets?] ...parliament meets tomorrow , we shall see what happens then.
3-13-2019 Intel Guru ADMINBILL ...Although I can't pin down an exact day and time with rates... I do believe that our wait is nearing an end...
3-13-2019 Intel Guru Bruce ...Everything is looking like we are set on Go from this point on. Could this be our week? A lot of people think so...I believe we should have the result we are all looking for before the end of the week...I am excited...as much as I have ever been because I see movement. I see progress. I see things happening. ...I really think we are going to have a really good week and weekend. [post 3 of 3]
3-13-2019 Intel Guru Bruce ...We think we are done with Iraq. We know that the Iraqi dinar was supposed to be pre-trading...Sunday...We think it is continually trading, but possibly not officially on the screens. We know they had a pre-traded start rate in the $6.73 range. It was to go up from there as it was traded...The Dong was going to start pre-trading at one hour before the markets opened on Monday morning...What is interesting to me is the Vietnamese Dong is supposed to be as a result of China wanting it to be comparable to the Iraqi Dinar...How do we define comparable? We believe it means within 5% of the Dinar. That is a tremendous value not only for the Dinar as it continues to climb in value, but the Dong to be comparable to the Dinar is way more than we all thought it could be years ago. [post 2 of 3....stay tuned]
3-13-2019 Intel Guru Bruce [via PinkRoses] What we are hearing is regarding Iraq, you know they passed the HCL law, Oil and Gas Law. ...What that did was not only a certain amount of the profits or proceeds from oil and gas exploration in Iraq to go to Kurdistan and also to Bagdad, and so on to pay for the government, but the citizenry of Iraq and Kurdistan are also to be paid a percentage of the Oil and Gas revenue. That is part of the deal. The good news is as you know they have Qi...cards which they are paid on...the Qi card that I am referring to will hold revenue from oil and gas from Iraq, and that will be available to use at the new rate for the Iraqi Dinar Thursday morning... [post 1 of 3....stay tuned]
3-13-2019 Newshound Guru larrykn Article quote: "Breaking The IMIS candidate for the interior ministry in Adil Abdel al-Mahdi’s cabinet, Falih al-Fayyadh has officially withdrawn his candidacy bid..." this might open the door to complete the cabinet.
3-13-2019 Intel Guru MarkZ I did not see the movement we wanted to see from Sunday into Monday…Still very excited this week. We will be watching every single day. The Progress is slow and steady and we want it to be fast, quick and efficient.. there is a whole bunch to watch for this week…My contacts in Chicago are still excited that we are seeing progress….they are energized and rejuvenated this week and feeling very positive….I am still looking at “any day”... [...feeling even BETTER about the RV being even CLOSER...?] I feel very positive…very positive…I am still looking for it this week. [What percent would you give MARCH being our month?] Im about a 98% on March…I feel really good about. I still hear the 29th is our back-wall date.
3-13-2019 Newshound Guru EHankins Education for and to the citizens on the Nasdaq billboard... this must not fail. This is a perfect opportunity for them to learn...they are imo. WE KNOW THIS... have known this for a long long time. Thanks Frank [Guru Frank26] for the heads up and the proof of what's coming... in my opinion. CBI bring it... we are way past the RI... you can pull the trigger any time now.
3-13-2019 Newshound Guru larrykn [...do you guys know when they will finish the remaining 4 cabinets?] ...parliament meets tomorrow , we shall see what happens then.
3-13-2019 Intel Guru ADMINBILL ...Although I can't pin down an exact day and time with rates... I do believe that our wait is nearing an end...
3-13-2019 Intel Guru Bruce ...Everything is looking like we are set on Go from this point on. Could this be our week? A lot of people think so...I believe we should have the result we are all looking for before the end of the week...I am excited...as much as I have ever been because I see movement. I see progress. I see things happening. ...I really think we are going to have a really good week and weekend. [post 3 of 3]
3-13-2019 Intel Guru Bruce ...We think we are done with Iraq. We know that the Iraqi dinar was supposed to be pre-trading...Sunday...We think it is continually trading, but possibly not officially on the screens. We know they had a pre-traded start rate in the $6.73 range. It was to go up from there as it was traded...The Dong was going to start pre-trading at one hour before the markets opened on Monday morning...What is interesting to me is the Vietnamese Dong is supposed to be as a result of China wanting it to be comparable to the Iraqi Dinar...How do we define comparable? We believe it means within 5% of the Dinar. That is a tremendous value not only for the Dinar as it continues to climb in value, but the Dong to be comparable to the Dinar is way more than we all thought it could be years ago. [post 2 of 3....stay tuned]
3-13-2019 Intel Guru Bruce [via PinkRoses] What we are hearing is regarding Iraq, you know they passed the HCL law, Oil and Gas Law. ...What that did was not only a certain amount of the profits or proceeds from oil and gas exploration in Iraq to go to Kurdistan and also to Bagdad, and so on to pay for the government, but the citizenry of Iraq and Kurdistan are also to be paid a percentage of the Oil and Gas revenue. That is part of the deal. The good news is as you know they have Qi...cards which they are paid on...the Qi card that I am referring to will hold revenue from oil and gas from Iraq, and that will be available to use at the new rate for the Iraqi Dinar Thursday morning... [post 1 of 3....stay tuned]
3-13-2019 Newshound Guru larrykn Article quote: "Breaking The IMIS candidate for the interior ministry in Adil Abdel al-Mahdi’s cabinet, Falih al-Fayyadh has officially withdrawn his candidacy bid..." this might open the door to complete the cabinet.
3-13-2019 Intel Guru MarkZ I did not see the movement we wanted to see from Sunday into Monday…Still very excited this week. We will be watching every single day. The Progress is slow and steady and we want it to be fast, quick and efficient.. there is a whole bunch to watch for this week…My contacts in Chicago are still excited that we are seeing progress….they are energized and rejuvenated this week and feeling very positive….I am still looking at “any day”... [...feeling even BETTER about the RV being even CLOSER...?] I feel very positive…very positive…I am still looking for it this week. [What percent would you give MARCH being our month?] Im about a 98% on March…I feel really good about. I still hear the 29th is our back-wall date.
3-12-2019 Intel Guru Bluwolf The voice in charge of awarding the banks the GO permission to open up there envelopes which contains the 800# they are all in agreement that we are finally heading to the desire end to this wonderful and blessed ride, so please be tolerant and let this flow for it all shall be over very soon. The PLAN has had a lot of obstacles by the money rich and the corrupted government individuals but according to those in charge that has been delt with. The system for this exchange has been tested and APPROVED 100% secure and safe with no flaws whatsoever. [post 2 of 2]
3-12-2019 Intel Guru Bluwolf ...On the concept of where we are in this current time frame. I can say that we are about to receive a GO message in a short while ( minutes, hours,days ) for there is nothing out there obstructing or delaying this or anything. The rates will be satisfying to all involved and things pertaining to the exchange will be as it was accorded with both banks elected or chosen for this important RV event. All things expected of Iraq has been 100% covered, written off in there Gazette and accepted by all governments involved... [post 1 of 2....stay tuned]
3-12-2019 Intel Guru RayRen98 Parliament met on Monday and instead of concluding the 4 cabinet positions as allegedly planned, PM Madhi was supposedly given the authority to fulfill the remaining cabinet members within 3 weeks...Iraqi TV is broadcasting CBI's Alaq informing the joining of the IFC's (International Finance Corporation) international sustainability network. ...America's (used to be) second largest fast food chain, Hardee's Restaurant (a.k.a. Carl Jr's on the West Coast) has established a presence in a mall in Baghdad.
3-12-2019 Intel Guru MarkZ [do we need to bring currency receipts to our exchange apts? Receipt invoice to prove date of purchase.] I am taking every receipt I have. Its better to take it and not need it then to get to the exchange and need it and don’t have it.
3-12-2019 Intel Guru Delta Article: "Iran's economy receives the first installment of debt on Iraq" ...VERY HUGE...I WAS WAITING FOR THIS ONE... THEY GOT PAID...ALSO TRANSLATION IS MISSING A PART IT SHOULD SAY THE FOLLOWING..."This came during a meeting with HIS Iraqi counterpart Ali Al-Alaq" IRAN CENTRAL BANK GOV ALSO WAS IN IRAQ AGAIN AND DID MEET ALAQQ...
3-12-2019 Newshound Guru Kaperoni There are two ways to interpret what the CBI is talking about when they mention "deletion of zeros. It may be honest and part of the plan (when they interpretation of what they really mean applies) or it may simply be the CBI trying to diffuse speculation and speculators from buying the dinar. There is no way to know for sure until they open the economy and we find out. I have read articles that imply deleting 3 zeros is a LOP and others that imply that they will raise the value gradually down to the day the dinar is worth the same as the dollar...which implies a float and exchange rate improvement. Personally, I believe from my research the dinar will improve in value via float and that seems to coincide with Dr. Bakri in Iraq who has written me several times to discuss monetary policy... [post 3 of 3]
3-12-2019 Newshound Guru Kaperoni As for how fast the dinar could rise...just look back at 2004-2005 when the CBI under Dr. Shabibi unpegged for about 6 months and reduced inflation from about 33% to 5% or less raising the dinar exchange rate from near 3000 / $1 to 1170 /$1. This demonstrates the pace the dinar once again could have during the investment/market economy phase. But again, this process is up to how fast investors/investment comes to Iraq. It is not a random act. Again, many articles on this process to read from the IMF and other organization. ...Remember this is not some idea I came up with. The professionals at the IMF that work directly with Iraq have documented that is their intention for the CBI and the dinar. [post 2 of 3....stay tuned]
3-12-2019 Newshound Guru Kaperoni Many think the dinar could never free float and must be some sort of manage float. They may be right! I ...do not really care what type of float it is other than that is how monetary policy works, floats are a tool that the CBI uses to counter pressure. Random acts like RV's RI's etc are not tools the CBI uses so we can rule such an event out. As well there are other reasons like money supply, economic shock that prevent such an event from ever happening. If they do float (which they will) the float will begin at whatever the current rate is at..such as 1190. The reason is simple...any other value would be a RV of sorts and not be within the tools the CBI uses. Not to mention, it would circumvent the CBI's ability to profit from the buy/sell of currency commissions. Which after all, is what the CBI is in the business of...making money. Central banks every single day control the sale of their currency to make money. [post 1 of 3....stay tuned]
3-12-2019 Intel Guru Bluwolf ...On the concept of where we are in this current time frame. I can say that we are about to receive a GO message in a short while ( minutes, hours,days ) for there is nothing out there obstructing or delaying this or anything. The rates will be satisfying to all involved and things pertaining to the exchange will be as it was accorded with both banks elected or chosen for this important RV event. All things expected of Iraq has been 100% covered, written off in there Gazette and accepted by all governments involved... [post 1 of 2....stay tuned]
3-12-2019 Intel Guru RayRen98 Parliament met on Monday and instead of concluding the 4 cabinet positions as allegedly planned, PM Madhi was supposedly given the authority to fulfill the remaining cabinet members within 3 weeks...Iraqi TV is broadcasting CBI's Alaq informing the joining of the IFC's (International Finance Corporation) international sustainability network. ...America's (used to be) second largest fast food chain, Hardee's Restaurant (a.k.a. Carl Jr's on the West Coast) has established a presence in a mall in Baghdad.
3-12-2019 Intel Guru MarkZ [do we need to bring currency receipts to our exchange apts? Receipt invoice to prove date of purchase.] I am taking every receipt I have. Its better to take it and not need it then to get to the exchange and need it and don’t have it.
3-12-2019 Intel Guru Delta Article: "Iran's economy receives the first installment of debt on Iraq" ...VERY HUGE...I WAS WAITING FOR THIS ONE... THEY GOT PAID...ALSO TRANSLATION IS MISSING A PART IT SHOULD SAY THE FOLLOWING..."This came during a meeting with HIS Iraqi counterpart Ali Al-Alaq" IRAN CENTRAL BANK GOV ALSO WAS IN IRAQ AGAIN AND DID MEET ALAQQ...
3-12-2019 Newshound Guru Kaperoni There are two ways to interpret what the CBI is talking about when they mention "deletion of zeros. It may be honest and part of the plan (when they interpretation of what they really mean applies) or it may simply be the CBI trying to diffuse speculation and speculators from buying the dinar. There is no way to know for sure until they open the economy and we find out. I have read articles that imply deleting 3 zeros is a LOP and others that imply that they will raise the value gradually down to the day the dinar is worth the same as the dollar...which implies a float and exchange rate improvement. Personally, I believe from my research the dinar will improve in value via float and that seems to coincide with Dr. Bakri in Iraq who has written me several times to discuss monetary policy... [post 3 of 3]
3-12-2019 Newshound Guru Kaperoni As for how fast the dinar could rise...just look back at 2004-2005 when the CBI under Dr. Shabibi unpegged for about 6 months and reduced inflation from about 33% to 5% or less raising the dinar exchange rate from near 3000 / $1 to 1170 /$1. This demonstrates the pace the dinar once again could have during the investment/market economy phase. But again, this process is up to how fast investors/investment comes to Iraq. It is not a random act. Again, many articles on this process to read from the IMF and other organization. ...Remember this is not some idea I came up with. The professionals at the IMF that work directly with Iraq have documented that is their intention for the CBI and the dinar. [post 2 of 3....stay tuned]
3-12-2019 Newshound Guru Kaperoni Many think the dinar could never free float and must be some sort of manage float. They may be right! I ...do not really care what type of float it is other than that is how monetary policy works, floats are a tool that the CBI uses to counter pressure. Random acts like RV's RI's etc are not tools the CBI uses so we can rule such an event out. As well there are other reasons like money supply, economic shock that prevent such an event from ever happening. If they do float (which they will) the float will begin at whatever the current rate is at..such as 1190. The reason is simple...any other value would be a RV of sorts and not be within the tools the CBI uses. Not to mention, it would circumvent the CBI's ability to profit from the buy/sell of currency commissions. Which after all, is what the CBI is in the business of...making money. Central banks every single day control the sale of their currency to make money. [post 1 of 3....stay tuned]
3-11-2019 Newshound Guru larrykn I think that fact that they are opening the ATM, is good, I think they can reduce the note count when they pay salaries thru the ATM and use the visa cards.
3-11-2019 Intel Guru MarkZ [What are you hearing on the rates?] Rates on key currencies is what I have heard…no idea if they are correct….I hope they are…..i am hearing on the dong rates between $2-$2.20’s. I have heard a street rate in the mid $4’s for the dinar but I have seen it float on other screens up to $7. So my guess is between $4.50 and $7…but that’s just a guess.
3-11-2019 Newshound/Intel Guru Mnt Goat So the parliamentary session was held on Saturday. The big question is - Did they vote on the remaining 4 ministers? NO voting was conducted as promised would happen. Go figure…This is very important because we know that there has always been a long-standing mandate to have a fully completed government prior to any reinstatement of the currency for Iraq. We know that much has been accomplished in the form of banking and currency reforms. It is believed that now any holdup in the reinstatement is purely political and so we wait.
3-11-2019 Intel Guru Footforward I believe...once attacks in Iran happen...in the country of Iran...when that happens I believe we will be within days of the RV happening...the revaluation of the Iraqi dinar. I expect the dinar to revalue and the dong to potentially revalue...I think the dinar is by far going to be the big winner.
3-11-2019 Newshound Guru larrykn Article: "The Cabinet issued a directive for international institutions and funding on borrowing" this sounds like they are trying to get a handle of corruption, no loans without their approval...if they don't...we don't see what we want. ...corruption, stability and banking are three things they need to get done...they are working on all three but it does take time, plus laws they need to pass...not until lately have they real done any of these things...for years its been all talk no actions.
3-11-2019 Intel Guru RayRen98 Late today [Sunday], a Parliament spokesperson informed that an agreement was reached between the blocks to meet on Monday and vote for the last 4 cabinet positions to be confirmed without dispute.
3-11-2019 Intel Guru MarkZ [I have friends in this saying they think it's really never ever gonna happen and that we've all been taken. I know there are no guarantees but do you know for sure that we are gonna really RV?] I have seen so much of the legal paperwork behind the scenes and knowing many of the people that are actually making it happen... I know for sure this is real and is happening...I know how much it sucks for all of you who have been hanging on by faith...but for me its never been a question of if...but a question of when.
3-11-2019 Intel Guru MarkZ [What are you hearing on the rates?] Rates on key currencies is what I have heard…no idea if they are correct….I hope they are…..i am hearing on the dong rates between $2-$2.20’s. I have heard a street rate in the mid $4’s for the dinar but I have seen it float on other screens up to $7. So my guess is between $4.50 and $7…but that’s just a guess.
3-11-2019 Newshound/Intel Guru Mnt Goat So the parliamentary session was held on Saturday. The big question is - Did they vote on the remaining 4 ministers? NO voting was conducted as promised would happen. Go figure…This is very important because we know that there has always been a long-standing mandate to have a fully completed government prior to any reinstatement of the currency for Iraq. We know that much has been accomplished in the form of banking and currency reforms. It is believed that now any holdup in the reinstatement is purely political and so we wait.
3-11-2019 Intel Guru Footforward I believe...once attacks in Iran happen...in the country of Iran...when that happens I believe we will be within days of the RV happening...the revaluation of the Iraqi dinar. I expect the dinar to revalue and the dong to potentially revalue...I think the dinar is by far going to be the big winner.
3-11-2019 Newshound Guru larrykn Article: "The Cabinet issued a directive for international institutions and funding on borrowing" this sounds like they are trying to get a handle of corruption, no loans without their approval...if they don't...we don't see what we want. ...corruption, stability and banking are three things they need to get done...they are working on all three but it does take time, plus laws they need to pass...not until lately have they real done any of these things...for years its been all talk no actions.
3-11-2019 Intel Guru RayRen98 Late today [Sunday], a Parliament spokesperson informed that an agreement was reached between the blocks to meet on Monday and vote for the last 4 cabinet positions to be confirmed without dispute.
3-11-2019 Intel Guru MarkZ [I have friends in this saying they think it's really never ever gonna happen and that we've all been taken. I know there are no guarantees but do you know for sure that we are gonna really RV?] I have seen so much of the legal paperwork behind the scenes and knowing many of the people that are actually making it happen... I know for sure this is real and is happening...I know how much it sucks for all of you who have been hanging on by faith...but for me its never been a question of if...but a question of when.
3-10-2019 Newshound Guru larrykn there were articles back in 2013 that Iraq was testing rates around $1.13 to 1. 20. why would they do that if they were going to start at 1190.
3-10-2019 Intel Guru MarkZ I do believe that exchanging into a trust or LLC will make a non-taxable event into a taxable event. That is why I will not be doing it. [how sure are you there will be no taxes on the exchanges?] Im about at a 95% sure there will be no taxes on this. [Per Paris Agreement 2015, Countries agreed on 'NO taxes for Currency Exchanges'] I have heard this also…. [will we have some paperwork after exchange about taxes?] Yes…I have heard we will get lots of paperwork when we exchange...bankers want this to happen very badly. [STRONG REMINDER: At the appropriate time seek the advice of a trusted professional tax law expert]
3-10-2019 Newshound Guru MilitiaMan ...Then...the Launch of the electronic signature next week. Well that is for speed and security in the movement of capital. Safe, secure and fast. So what we are seeing is the advance stage of implementation of the MR (monetary reform) and ER (economic reforms) for iraq. Linking with NASDAQ, takes an internationally accepted currency. They won't go live on an international level playing field with a non compliant program rate. They'll need to expose the 2019 budget and apply the adjustment to redeem the new calculations for to be traded on Forex and for the ISX to Trade on the NASDAQ platform along side regional players, like in Dubai, etc..imo. [post 2 of 2]
3-10-2019 Newshound Guru MilitiaMan Articles: "NASDAQ in New York City to raise the name and logo of the Iraqi market for securities"; "Communications: Launch of electronic signature next week" The above data is effectively telling us a few things. Firstly they appear that they are to begin trading with in the parameters of the NASDAQ, and is noted to be an historic event told to the world at the closing bell of the markets in the USA. ...They speak of electronic systems, networks and the speed of capital movement. Well to get those things, economic activities have to have modernized systems in place. They clearly have them and the ability to interconnect with them globally. [post 1 of 2....stay tuned]
3-10-2019 Newshound/Intel Guru Mnt Goat I...heard some ridiculous chatter about a LOP...If there was going to be LOP they would have already done it and not be sending out countless articles on the project to delete the zeros and valuation strategies. ...a LOP is not possible. Not in my terms but from FACTS from the CBI itself.
3-10-2019 Intel Guru MarkZ I do believe that exchanging into a trust or LLC will make a non-taxable event into a taxable event. That is why I will not be doing it. [how sure are you there will be no taxes on the exchanges?] Im about at a 95% sure there will be no taxes on this. [Per Paris Agreement 2015, Countries agreed on 'NO taxes for Currency Exchanges'] I have heard this also…. [will we have some paperwork after exchange about taxes?] Yes…I have heard we will get lots of paperwork when we exchange...bankers want this to happen very badly. [STRONG REMINDER: At the appropriate time seek the advice of a trusted professional tax law expert]
3-10-2019 Newshound Guru MilitiaMan ...Then...the Launch of the electronic signature next week. Well that is for speed and security in the movement of capital. Safe, secure and fast. So what we are seeing is the advance stage of implementation of the MR (monetary reform) and ER (economic reforms) for iraq. Linking with NASDAQ, takes an internationally accepted currency. They won't go live on an international level playing field with a non compliant program rate. They'll need to expose the 2019 budget and apply the adjustment to redeem the new calculations for to be traded on Forex and for the ISX to Trade on the NASDAQ platform along side regional players, like in Dubai, etc..imo. [post 2 of 2]
3-10-2019 Newshound Guru MilitiaMan Articles: "NASDAQ in New York City to raise the name and logo of the Iraqi market for securities"; "Communications: Launch of electronic signature next week" The above data is effectively telling us a few things. Firstly they appear that they are to begin trading with in the parameters of the NASDAQ, and is noted to be an historic event told to the world at the closing bell of the markets in the USA. ...They speak of electronic systems, networks and the speed of capital movement. Well to get those things, economic activities have to have modernized systems in place. They clearly have them and the ability to interconnect with them globally. [post 1 of 2....stay tuned]
3-10-2019 Newshound/Intel Guru Mnt Goat I...heard some ridiculous chatter about a LOP...If there was going to be LOP they would have already done it and not be sending out countless articles on the project to delete the zeros and valuation strategies. ...a LOP is not possible. Not in my terms but from FACTS from the CBI itself.
3-9-2019 Intel Guru MarkZ [Has anybody seen a pic of the lower denominations on this side of the pond?] I have...its exciting to see they are real... [Is the new rate posted in the Iraq gazette yet.] I was told by a person sitting on the ground with a contact in the government over there that they are expecting new rate on Saturday in Gazette … I sure hope so…if true..this means we are done
3-9-2019 Newshound Guru Bloodloch I often hear that "this event" or "that new law" will trigger a change in the exchange rate of the IQD, but there are actually quite a few factors that can influence exchange rates. Bear in mind, exchange rates on the Forex, and purchasing power of a currency within a country, are two different things, although one can influence the other in dramatic ways.
3-9-2019 Newshound/Intel Guru Mnt Goat There was a recent news article stating that 80% of all Iraqis still do not have electronic banking and bank accounts. ...this simply is NOT the case. If this was the case the CBI could not have already satisfied its goal of reducing the on street three zero note supply by more than 2/3 down to just over 41 trillion dinars. How many times have they told us the original count of dinars printed and issued in 2003 and now in 2019? So we confirmed many times that this statement of 80% is a lie and impractical. My recommendation to everyone is to relax and wait for the reinstatement in the coming period. No one will know the exact time or date but we do know many things effecting these two parameters and so we can almost figure it out. We are now in the window and I do not see the window closing. [post 2 of 2]
3-9-2019 Newshound/Intel Guru Mnt Goat The news today is all about the upcoming expectations to vote on the remaining last four ministers. We have to remember that a long-standing condition to reinstate the currency of Iraq is to have a “fully” formed government. This does not negate the other work on reforms too but I feel this is the last remaining item to conclude satisfaction to move ahead again with the project to delete the zeros. I have had word that the smaller category notes are already at the banks. ...so as the banks bring in the larger 3 zero notes they exchange them for the smaller notes. Since this is done way before any rate change, there are lots of smaller category notes obtained as needed to fulfill the needs of the marketplace afterwards. [post 1 of 2....stay tuned]
3-9-2019 Intel Guru MarkZ [Frank26..had stated a while ago that the 3 zero's had already been deleted electronically?] ...i just take it as further proof things are moving over there…IF they are expecting new rates in the gazette on Sat which IMO would mean we r done! [We are not getting out of March without RV!] that is my belief...I do believe the RV is sooner than the 29th …We are in a perfect storm. [Any thoughts on rates?] I think we may see close to $6 on the dinar and $2 on the dong. Just my thoughts. [post 2 of 2]
3-9-2019 Intel Guru MarkZ ...Treasury contacts told me to tell you to keep your currency in your sight at all times…do your due diligence on everything…..keep your eyes on currency even at the bank when they are verifying it. There are lots of rumors from banking side expecting it to start overnight tonight [Friday] and 800 numbers tomorrow or over the weekend. But, my banking contacts have been expecting it everyday for awhile now. ...I feel doggone good about the month of March and really good about this weekend… [post 1 of 2....stay tuned]
3-9-2019 Intel Guru RayRen98 [We did get the rates...two different major banks showing those same rates.] Dinar, $4.43 - $6.72; Dong, .47 - $2.27...
3-9-2019 Newshound Guru Bloodloch I often hear that "this event" or "that new law" will trigger a change in the exchange rate of the IQD, but there are actually quite a few factors that can influence exchange rates. Bear in mind, exchange rates on the Forex, and purchasing power of a currency within a country, are two different things, although one can influence the other in dramatic ways.
3-9-2019 Newshound/Intel Guru Mnt Goat There was a recent news article stating that 80% of all Iraqis still do not have electronic banking and bank accounts. ...this simply is NOT the case. If this was the case the CBI could not have already satisfied its goal of reducing the on street three zero note supply by more than 2/3 down to just over 41 trillion dinars. How many times have they told us the original count of dinars printed and issued in 2003 and now in 2019? So we confirmed many times that this statement of 80% is a lie and impractical. My recommendation to everyone is to relax and wait for the reinstatement in the coming period. No one will know the exact time or date but we do know many things effecting these two parameters and so we can almost figure it out. We are now in the window and I do not see the window closing. [post 2 of 2]
3-9-2019 Newshound/Intel Guru Mnt Goat The news today is all about the upcoming expectations to vote on the remaining last four ministers. We have to remember that a long-standing condition to reinstate the currency of Iraq is to have a “fully” formed government. This does not negate the other work on reforms too but I feel this is the last remaining item to conclude satisfaction to move ahead again with the project to delete the zeros. I have had word that the smaller category notes are already at the banks. ...so as the banks bring in the larger 3 zero notes they exchange them for the smaller notes. Since this is done way before any rate change, there are lots of smaller category notes obtained as needed to fulfill the needs of the marketplace afterwards. [post 1 of 2....stay tuned]
3-9-2019 Intel Guru MarkZ [Frank26..had stated a while ago that the 3 zero's had already been deleted electronically?] ...i just take it as further proof things are moving over there…IF they are expecting new rates in the gazette on Sat which IMO would mean we r done! [We are not getting out of March without RV!] that is my belief...I do believe the RV is sooner than the 29th …We are in a perfect storm. [Any thoughts on rates?] I think we may see close to $6 on the dinar and $2 on the dong. Just my thoughts. [post 2 of 2]
3-9-2019 Intel Guru MarkZ ...Treasury contacts told me to tell you to keep your currency in your sight at all times…do your due diligence on everything…..keep your eyes on currency even at the bank when they are verifying it. There are lots of rumors from banking side expecting it to start overnight tonight [Friday] and 800 numbers tomorrow or over the weekend. But, my banking contacts have been expecting it everyday for awhile now. ...I feel doggone good about the month of March and really good about this weekend… [post 1 of 2....stay tuned]
3-9-2019 Intel Guru RayRen98 [We did get the rates...two different major banks showing those same rates.] Dinar, $4.43 - $6.72; Dong, .47 - $2.27...
3-8-2019 Newshound Guru Adam Montana This is a topic we've been on top of since 2017, before the talk of OPEC agreeing to slowing oil production. The headlines would be more accurate if they said "Planned reduction in oil production to stabilize prices" But that doesn't get as many clicks, it's just not as sensational...even though it's the truth. And we've been expecting it, because we have been watching this sector through a fairly specialized set of glasses. Interpretation: All is going according to plan. And if all is going according to plan, then it's just a matter of time. ... we're not going to have an RV in the next couple days. Unless I'm wrong. I'm always open to that possibility! [post 2 of 2]
3-8-2019 Newshound Guru Adam Montana This has been an interesting week in the markets, but not so much for Dinar when it comes to actual news. There's a good reason for this. Oil has been pretty flat, just like the news on HCL. Step back and take a "big picture" view of the situation, and it's easy to understand that this is to be expected. I find it amusing to read the headlines that state "Oil production falls to (X time frame) lows..." Hang on a second, oil "falls"?! That's the headline? I don't think that's accurate. It's not "falling" - it's being controlled, exactly as they planned. [post 1 of 2....stay tuned]
3-8-2019 Intel Guru Bruce We are about the end of our 48-hour window I talked about on Tuesday that would theoretically expire by now, but these things keep moving and we have to be ready to receive that if this thing is moving and not always moving forward in our favor...Is there a way for us to get started before the weekend which would be tomorrow [Friday]? Possibly. ...All I can tell you is we are hearing some very good things that are happening tonight [Thursday]late and possibly overnight. Iraq is one of them. Let’s see how it goes for us. We know we are underway. [post 3 of 3]
3-8-2019 Intel Guru Bruce What is interesting to me...we know what the dinar was when it came off the screen and where it may come back to when it comes back on the screens, but most interesting to me is China has wanted the Vietnam Dong to be comparable to the Iraqi Dinar. That could be within 5% of the Dinar value...it does not say on par with which would mean exactly the same value, but comparable could be close to the value of the Iraqi Dinar. That takes the Dong way up above what we all thought that the Dong could be worth. Makes it quite interesting for us because we are looking at the Dinar that may come out at the $7 - $8 range when it comes out initially... [post 2 of 3....stay tuned]
3-8-2019 Intel Guru Bruce ...Just when you thought it was safe to forget about Iraq, they are back...in the news. ...They have not had their rate on the screens...It hasn’t been on for at least 4 to 5 days? ...Should be back up somewhere around 11 o’clock or so tonight [Thursday]... ...Tomorrow [Friday]...they are supposed to release their ATM machines. They are supposed to pay on their new Qi, debit cards... When will they put their rate out? Will they put their rate out at that time? I do not know, but their cards will be working and their cards will have the rate on them. In a sense yes, but I think they will make it known probably make in the Gazette on Saturday. That is their regular publishing day. [post 1 of 3....stay tuned]
3-8-2019 Newshound/Intel Guru Mnt Goat They are not raising the rate (NO REVALUATION). ...They are going to reinstate the dinar and must fist complete the project to delete the zeros. A result of this process will be an increased new rate on the currency exchanges. Once reinstated the market will drive the rate up on the float. So our concentration is not so much on a rate increase but on a reinstatement process, the rate on FOREX will be the end result... [post 2 of 2]
3-8-2019 Newshound/Intel Guru Mnt Goat [GOI has nothing to do with raising the rate...it is a total CBI decision.] Oh yes they do...I presented about 6 articles already from the Iraqi news media from members of the parliament, cabinet and economists in Iraq. All say it is a joint decision to go ahead with the project to delete the zeros. It just happens right now they are moving ahead rapidly on it. ...Dr Sianni Shabibi...said and I quote- "there must be a joint effort to make the decision and the CBI and GOI must work together" - but out of curtesy and not by legal commitment. This means the GOI may influence the decisions and has to pass laws to help the CBI with monetary policy. But the CBI make the final call, The CBI does not run the govt the GOI does. The CBI needs these banking reforms, anti-money laundering and anti-terrorist laws, etc...So in this regard Shabibi knew darn well they must work together... [post 1 of 2....stay tuned]
3-8-2019 Newshound Guru Adam Montana This has been an interesting week in the markets, but not so much for Dinar when it comes to actual news. There's a good reason for this. Oil has been pretty flat, just like the news on HCL. Step back and take a "big picture" view of the situation, and it's easy to understand that this is to be expected. I find it amusing to read the headlines that state "Oil production falls to (X time frame) lows..." Hang on a second, oil "falls"?! That's the headline? I don't think that's accurate. It's not "falling" - it's being controlled, exactly as they planned. [post 1 of 2....stay tuned]
3-8-2019 Intel Guru Bruce We are about the end of our 48-hour window I talked about on Tuesday that would theoretically expire by now, but these things keep moving and we have to be ready to receive that if this thing is moving and not always moving forward in our favor...Is there a way for us to get started before the weekend which would be tomorrow [Friday]? Possibly. ...All I can tell you is we are hearing some very good things that are happening tonight [Thursday]late and possibly overnight. Iraq is one of them. Let’s see how it goes for us. We know we are underway. [post 3 of 3]
3-8-2019 Intel Guru Bruce What is interesting to me...we know what the dinar was when it came off the screen and where it may come back to when it comes back on the screens, but most interesting to me is China has wanted the Vietnam Dong to be comparable to the Iraqi Dinar. That could be within 5% of the Dinar value...it does not say on par with which would mean exactly the same value, but comparable could be close to the value of the Iraqi Dinar. That takes the Dong way up above what we all thought that the Dong could be worth. Makes it quite interesting for us because we are looking at the Dinar that may come out at the $7 - $8 range when it comes out initially... [post 2 of 3....stay tuned]
3-8-2019 Intel Guru Bruce ...Just when you thought it was safe to forget about Iraq, they are back...in the news. ...They have not had their rate on the screens...It hasn’t been on for at least 4 to 5 days? ...Should be back up somewhere around 11 o’clock or so tonight [Thursday]... ...Tomorrow [Friday]...they are supposed to release their ATM machines. They are supposed to pay on their new Qi, debit cards... When will they put their rate out? Will they put their rate out at that time? I do not know, but their cards will be working and their cards will have the rate on them. In a sense yes, but I think they will make it known probably make in the Gazette on Saturday. That is their regular publishing day. [post 1 of 3....stay tuned]
3-8-2019 Newshound/Intel Guru Mnt Goat They are not raising the rate (NO REVALUATION). ...They are going to reinstate the dinar and must fist complete the project to delete the zeros. A result of this process will be an increased new rate on the currency exchanges. Once reinstated the market will drive the rate up on the float. So our concentration is not so much on a rate increase but on a reinstatement process, the rate on FOREX will be the end result... [post 2 of 2]
3-8-2019 Newshound/Intel Guru Mnt Goat [GOI has nothing to do with raising the rate...it is a total CBI decision.] Oh yes they do...I presented about 6 articles already from the Iraqi news media from members of the parliament, cabinet and economists in Iraq. All say it is a joint decision to go ahead with the project to delete the zeros. It just happens right now they are moving ahead rapidly on it. ...Dr Sianni Shabibi...said and I quote- "there must be a joint effort to make the decision and the CBI and GOI must work together" - but out of curtesy and not by legal commitment. This means the GOI may influence the decisions and has to pass laws to help the CBI with monetary policy. But the CBI make the final call, The CBI does not run the govt the GOI does. The CBI needs these banking reforms, anti-money laundering and anti-terrorist laws, etc...So in this regard Shabibi knew darn well they must work together... [post 1 of 2....stay tuned]
3-7-2019 Intel Guru MarkZ Q: do you think they will see LD’s in Iraq this weekend? my contacts have seen the LDS…..they have held them …..folks that are working under contracts, so we are hoping they are out for everybody this weekend. Q: [Guru] Frank26 and his group had stated a while ago that the that the 3 zero's had already been deleted electronically? The movement, the education …everything they have told to the people….so much…It’s not a secret over there…everyone knows. ….it’s just a secret here…..there is so much in the news over there….
3-7-2019 Intel Guru MarkZ Q: some gurus say we only have 5 days to exchange, what’s the real story? I am hearing we have longer than that…… closer to a month, but we won’t know until we get there. Q: are your sources saying the next couple days are HOT for rv action? Heck YES!! They most certainly are looking at the next couple of days hard! Q: Have you heard anything about the RV can being kicked down the road another 9 months? No I have not heard anything like that. I have heard they want everything done by that time….finished…completed….our currency done and turned in by October….thats how I understand it...
3-7-2019 Intel Guru RayRen98 Parliamentary commission and investment confirmed on tv interview today that to revalue and delete the zeros is ready for implementation by the cbi after a five year delay due to security and corruption issues! Show me the money!!!
3-7-2019 Newshound Guru larrykn they seem to be going in the right direction, I can't wait to see what happens when Parliament meets.
3-7-2019 Intel Guru MarkZ ...I am beyond hopeful for this month and still hopeful we will see something overnight tonight or in the next couple days. [Do we really think the RV is gonna REALLY happen very very soon?] Yes I think its very very close…I wish I could share everything I know …this thing is so fluid.
3-7-2019 Newshound Guru Kaperoni If you believe monetary policy is based on sound logic and principals then you know the dinar can never arbitrarily revalue. It is my belief the CBI plans to gradually raise the value of the dinar as a tool to counter inflationary pressure created when significant investment comes to Iraq. Iraq will never redemoninate or LOP the currency. Monetary policy in Iraq the past 14 years has been a success not a failure. The next phase will also be a success which is to float the currency. But first Iraq must complete the GOI and pass needed investment laws. Completion of the GOI and the laws will encourage participation in Iraq's economy thus giving the CBI a reason to begin to float the dinar.
3-7-2019 Intel Guru MarkZ Q: some gurus say we only have 5 days to exchange, what’s the real story? I am hearing we have longer than that…… closer to a month, but we won’t know until we get there. Q: are your sources saying the next couple days are HOT for rv action? Heck YES!! They most certainly are looking at the next couple of days hard! Q: Have you heard anything about the RV can being kicked down the road another 9 months? No I have not heard anything like that. I have heard they want everything done by that time….finished…completed….our currency done and turned in by October….thats how I understand it...
3-7-2019 Intel Guru RayRen98 Parliamentary commission and investment confirmed on tv interview today that to revalue and delete the zeros is ready for implementation by the cbi after a five year delay due to security and corruption issues! Show me the money!!!
3-7-2019 Newshound Guru larrykn they seem to be going in the right direction, I can't wait to see what happens when Parliament meets.
3-7-2019 Intel Guru MarkZ ...I am beyond hopeful for this month and still hopeful we will see something overnight tonight or in the next couple days. [Do we really think the RV is gonna REALLY happen very very soon?] Yes I think its very very close…I wish I could share everything I know …this thing is so fluid.
3-7-2019 Newshound Guru Kaperoni If you believe monetary policy is based on sound logic and principals then you know the dinar can never arbitrarily revalue. It is my belief the CBI plans to gradually raise the value of the dinar as a tool to counter inflationary pressure created when significant investment comes to Iraq. Iraq will never redemoninate or LOP the currency. Monetary policy in Iraq the past 14 years has been a success not a failure. The next phase will also be a success which is to float the currency. But first Iraq must complete the GOI and pass needed investment laws. Completion of the GOI and the laws will encourage participation in Iraq's economy thus giving the CBI a reason to begin to float the dinar.
3-6-2019 Intel Guru MarkZ ...I am very confident that we are close…I am still expecting 800 #s this week. Based on what I am hearing we are very close...IMO it is imminent and it is moving… I am hearing some reset information was leaked to a very prominent Italian news source…this is a mainstream publication and on the mainstream news so imo there is no way to put the cat back into the bag now...that its leaking at this level is huge news… Look for a lot to move quickly ...I have heard that the reset will be on the down-low (kept quiet) for about 10 days to 2 weeks…then the news will come out… I do have a contact over there that has seen the LD’s… has held them ...and there has been articles in Iraqi news about the LD’s and how they will be using them...so much news over there on that. [do you think we are waiting for the Iraqi government to be fully seated?] No...As soon as this happens the Iraqi government will be very stable. ...I am like you all and am so ready to get off this roller coaster ride…
3-6-2019 Intel Guru RayRen98 [via sunny] Yesterday they broadcast on TV stating cabinet selections will be completed by the end of the month. This morning they are broadcasting they will be completed in two weeks. All of us don't subscribe, to the cabinet has to be completed before the RV.
3-6-2019 Newshound/Intel Guru David M. Witty Iraqi PM Abdel-Mahdi confirms the need for continued US-Iraqi cooperation to defeat... US President: we will spend $3 billion to develop Ein al-Asad base in Anbar Province, Iraq, to ensure final defeat of terrorism. We have no intentions of leaving Iraq.
3-6-2019 Intel Guru Bruce ...It appears that there is just a few more things like what is happening with Iraq tonight that need to take place... The strange thing is the rate for the Iraqi dinar has not been visible on the screens. For a few days it has been off. We are not really sure what it will be when it comes in. It should be I think between $6 to $7 when it starts. It will trade up from that. ...I believe we are right there. If I told everybody my understanding is that we will be where we need to be which is appointments set, beginning our exchanges within 48 hours. ...that is how close I can call it without calling it. ...We are super excited. We are waiting to get started. [post 2 of 2]
3-6-2019 Intel Guru Bruce [via PinkRoses] ...we are in what is considered a slow rollout. Everything really started with the RV and we had several indications of a start, but the true RV, if you will, started March 1st. ...Where do we stand with Iraq? ...Iraq tonight [Tuesday]...their ATM machines are loaded with lower denominations...5, 10, and 20...not sure if they have a 2 or 3. They got some coins to cover the lower amounts. Their dinar sort of follows on their lower denominations of what our money is here. Those ATMs are to be loaded and in play functioning before the Gazette release comes out tomorrow [Wednesday] morning. The Gazette release will have the new rate of the dinar and will have anything else that is pertinent to what is happening. We got this from a governmental official today, one that you guys would recognize their name. That seems to put some finality to it from Iraq’s perspective. [post 1 of 2....stay tuned]
3-6-2019 Intel Guru MarkZ Im thinking everything will be released within hours of each other...This is not like Kuwait where they kept a lid on it for 10 days…in the computer age we will know everything instantly...so releases have to happen quickly-IMO. I am still hearing the entire tax system is going to change...we will not know 100% until it occurs…and I am told this event will not be a taxable event due to a tax treaty…but we will not know 100% until it occurs…I am also told to be sure to call it an exchange when you go into the banks…. Tomorrow is Wednesday and I am planning on 2 chats tomorrow. 10AM and 8PM EST. We are expecting a lot to be happening by then… [post 2 of 2]
3-6-2019 Intel Guru MarkZ Everyone is geared up for a late Tuesday Event...so I hope we have a late Tuesday event…they are hearing a lot of behind the scenes stuff Tuesday Night, and in the forefront stuff that we can see tomorrow...Of course no one has been right yet..thats just what we are hearing….thats the plan… I have been told banks will issue their own 800 numbers, they desperately want you in there…the reality is Iraq is just waiting for the rest of the world...all of their problems will instantly go away the moment the reset happens. [post 1 of 2....stay tuned]
3-6-2019 Intel Guru RayRen98 [via sunny] Yesterday they broadcast on TV stating cabinet selections will be completed by the end of the month. This morning they are broadcasting they will be completed in two weeks. All of us don't subscribe, to the cabinet has to be completed before the RV.
3-6-2019 Newshound/Intel Guru David M. Witty Iraqi PM Abdel-Mahdi confirms the need for continued US-Iraqi cooperation to defeat... US President: we will spend $3 billion to develop Ein al-Asad base in Anbar Province, Iraq, to ensure final defeat of terrorism. We have no intentions of leaving Iraq.
3-6-2019 Intel Guru Bruce ...It appears that there is just a few more things like what is happening with Iraq tonight that need to take place... The strange thing is the rate for the Iraqi dinar has not been visible on the screens. For a few days it has been off. We are not really sure what it will be when it comes in. It should be I think between $6 to $7 when it starts. It will trade up from that. ...I believe we are right there. If I told everybody my understanding is that we will be where we need to be which is appointments set, beginning our exchanges within 48 hours. ...that is how close I can call it without calling it. ...We are super excited. We are waiting to get started. [post 2 of 2]
3-6-2019 Intel Guru Bruce [via PinkRoses] ...we are in what is considered a slow rollout. Everything really started with the RV and we had several indications of a start, but the true RV, if you will, started March 1st. ...Where do we stand with Iraq? ...Iraq tonight [Tuesday]...their ATM machines are loaded with lower denominations...5, 10, and 20...not sure if they have a 2 or 3. They got some coins to cover the lower amounts. Their dinar sort of follows on their lower denominations of what our money is here. Those ATMs are to be loaded and in play functioning before the Gazette release comes out tomorrow [Wednesday] morning. The Gazette release will have the new rate of the dinar and will have anything else that is pertinent to what is happening. We got this from a governmental official today, one that you guys would recognize their name. That seems to put some finality to it from Iraq’s perspective. [post 1 of 2....stay tuned]
3-6-2019 Intel Guru MarkZ Im thinking everything will be released within hours of each other...This is not like Kuwait where they kept a lid on it for 10 days…in the computer age we will know everything instantly...so releases have to happen quickly-IMO. I am still hearing the entire tax system is going to change...we will not know 100% until it occurs…and I am told this event will not be a taxable event due to a tax treaty…but we will not know 100% until it occurs…I am also told to be sure to call it an exchange when you go into the banks…. Tomorrow is Wednesday and I am planning on 2 chats tomorrow. 10AM and 8PM EST. We are expecting a lot to be happening by then… [post 2 of 2]
3-6-2019 Intel Guru MarkZ Everyone is geared up for a late Tuesday Event...so I hope we have a late Tuesday event…they are hearing a lot of behind the scenes stuff Tuesday Night, and in the forefront stuff that we can see tomorrow...Of course no one has been right yet..thats just what we are hearing….thats the plan… I have been told banks will issue their own 800 numbers, they desperately want you in there…the reality is Iraq is just waiting for the rest of the world...all of their problems will instantly go away the moment the reset happens. [post 1 of 2....stay tuned]
3-5-2019 Newshound Guru larrykn Looks like they are working on the corruption over in Iraq, this is good news...What I've been reading is showing they are working on corruption and security these are two of the main things they need to get a handle on. Article quote: "Iraq has been intensifying the security measures in the western regions to prevent the infiltration ISIS militants fleeing Syria." ...this article shows they are working on Security which we need to see if they are going to do something with their currency...this is all good news. ...when Parliament comes back if they get the laws passed for investors. and banking we will be looking good...IMO.
3-5-2019 Newshound Guru Kaperoni A couple of good reads the last few days...WTO News as Iraq inches closer to full accession. A critical part to this puzzle.
3-5-2019 Newshound Guru Kaperoni A couple of good reads the last few days...WTO News as Iraq inches closer to full accession. A critical part to this puzzle.
3-4-2019 Newshound Guru larrykn Article: "Iraq deploys 20,000 personnel in Anbar to watch borders with Syria:" IMO this is the reason why the US should not leave Iraq, Isis has lost in Syria and is heading back into Iraq, they don't want to see what happened before happen again. I think this month will tell us a lot about where we are at and going to be at.
3-4-2019 Intel Guru MarkZ ...Still hearing we are at a “any moment” scenario. I am expecting many disconnects today from the markets, from oil, from mainstreet to wall street…..it should be an interesting week. Everybody I know is still in place and waiting. I was reached out to by a number of sources yesterday and that makes me very excited… Some news I am waiting for permission to share. We are still in the window I was given which was from Saturday to late Tuesday Night. [On the scale from 1-10 10. Being the best, how would you compare how close we are compared to 2012?] I think we are sitting on a 9.9 on a scale of 1-10 as opposed to 2012. [what are the most current rates you've heard on dinar and dong?] The latest I’ve heard is on the dinar is Mid $4’s to Mid $6’s…and the dong I have heard will be in low $2’s. I will keep shaking the bushes and rattling the cages today for news.
3-4-2019 Newshound Guru Kaperoni So as we enter March there still is no RV or RI ...Why? Because there will never be a an overnight event. Monetary policy does not work that way. This is a process and as investment comes into Iraq the dinar will rise gradually via a float. It could take 6 months to a year or more to rise to a level we all are looking for.
3-4-2019 Newshound Guru MilitiaMan Internationalism...Can't hide it now... The Cat is out of the bag... Even the Governors of the Provinces and the Religious Authority is calling for distribution of the Iraqi wealth and now we see Citi Bank able to do similar distribution of timely payments through a chunky credit facility. These latest actions from the Governors meeting this last week on 2019 Budget allocations to be disbursed for re construction projects and Qasim al-Tai religious authority telling PM Mahdi to distribute the wealth to the citizens in a fair and equitable manner all around the same time frame of the passing of key laws this week. My bet on this is the Citizens are squawking even louder now that the Tariffs are being enforced. They signed this credit facility on Thursday of last week!!! Same day the Governors were meeting on disbursements to the provinces. See the the progress in play now? I sure do.. Man it looks good too! imo.
3-4-2019 Intel/Newshound Gurus Delta & MilitiaMan LIKE WE SAID...SMALL EXAMPLE PRICE JUST JUMB [JUMP?] 400%...Red meat, tomato prices rise as import tariffs bite...One kilo of red meat has risen on average by 500 IQD ($0.42) in Erbil and Duhok. But in Sulaimani, it has skyrocketed by as much 2,000 IQD ($1.68)... INFLATION IS MY BEST FRIEND...Now the Inflation begins... Massive pressure is coming now... That should bode very well for us now. ~ imo.
3-4-2019 Intel Guru MarkZ ...Still hearing we are at a “any moment” scenario. I am expecting many disconnects today from the markets, from oil, from mainstreet to wall street…..it should be an interesting week. Everybody I know is still in place and waiting. I was reached out to by a number of sources yesterday and that makes me very excited… Some news I am waiting for permission to share. We are still in the window I was given which was from Saturday to late Tuesday Night. [On the scale from 1-10 10. Being the best, how would you compare how close we are compared to 2012?] I think we are sitting on a 9.9 on a scale of 1-10 as opposed to 2012. [what are the most current rates you've heard on dinar and dong?] The latest I’ve heard is on the dinar is Mid $4’s to Mid $6’s…and the dong I have heard will be in low $2’s. I will keep shaking the bushes and rattling the cages today for news.
3-4-2019 Newshound Guru Kaperoni So as we enter March there still is no RV or RI ...Why? Because there will never be a an overnight event. Monetary policy does not work that way. This is a process and as investment comes into Iraq the dinar will rise gradually via a float. It could take 6 months to a year or more to rise to a level we all are looking for.
3-4-2019 Newshound Guru MilitiaMan Internationalism...Can't hide it now... The Cat is out of the bag... Even the Governors of the Provinces and the Religious Authority is calling for distribution of the Iraqi wealth and now we see Citi Bank able to do similar distribution of timely payments through a chunky credit facility. These latest actions from the Governors meeting this last week on 2019 Budget allocations to be disbursed for re construction projects and Qasim al-Tai religious authority telling PM Mahdi to distribute the wealth to the citizens in a fair and equitable manner all around the same time frame of the passing of key laws this week. My bet on this is the Citizens are squawking even louder now that the Tariffs are being enforced. They signed this credit facility on Thursday of last week!!! Same day the Governors were meeting on disbursements to the provinces. See the the progress in play now? I sure do.. Man it looks good too! imo.
3-4-2019 Intel/Newshound Gurus Delta & MilitiaMan LIKE WE SAID...SMALL EXAMPLE PRICE JUST JUMB [JUMP?] 400%...Red meat, tomato prices rise as import tariffs bite...One kilo of red meat has risen on average by 500 IQD ($0.42) in Erbil and Duhok. But in Sulaimani, it has skyrocketed by as much 2,000 IQD ($1.68)... INFLATION IS MY BEST FRIEND...Now the Inflation begins... Massive pressure is coming now... That should bode very well for us now. ~ imo.
3-3-2019 Newshound Guru larrykn Article: "Iraqis divided over continued presence of American forces" ...its Iran that wants the US out, but its up to Iraq to decide if they want us to go or not, I don't think they will but you never know...the part that wants the US to leave is backed by Iran, Maliki group, Ameri group...the Kurds have said they want the US to stay. ...stability will go right out the door and everything Iraq has been working on will go with it...If they kick out the US out of Iraq we can put our dinar away for a long time, Stability in the country will go right down the tubes and all the investor will leave, this is why I don't think this will happen but I guess we will see when Parliament comes back...its up to Iraq government to choose not the US. I believe the Month of March will tell us where Iraq is heading, we will all know soon enough.
3-3-2019 Intel Guru MarkZ There was a whole lot that happened yesterday, last night…and overnight...wow...so many positive things. ...I am going to call today “waiting on fruition day”. ...I cannot tell you the news coming out of the banking system but its beyond fantastic...it would be irresponsible on my part to tell right now. ...Many banks have spent a fortune getting key people in key places… based on what I can and cannot share I am feeling really good today. ...again...lots happened last night and more to come by Tuesday I am being told…
3-3-2019 Intel Guru RayRen98 Iraqi TV reports Parliaments' first session is rescheduled to Saturday, March 9, 2019. The vote/session that was SUPPOSED to take place on Monday, March 4 was already announced moved to Tuesday, March 5 and now gets shifted to Saturday? ...It is alleged that the Supreme Court informed that Parliament can vote on all ministries with the exception of Defense Minister due to it being under investigation. Iraqi TV is reporting that the CBI is saying that a fully seated government is needed for full move to international status. Time Will Tell on that one too. ...PRICES "SUPPOSEDLY" STILL BEING ADJUSTED... TIME WILL TELL!
3-3-2019 Newshound Guru larrykn [new Guru] I think the dinar will happen but we need to look at what Iraq is doing to get there...I've been in this 8 yrs now and I still feel its coming... If its not on the CBI site or Forex its not there period. [What do you think about [Guru] Kaperoni's thoughts?...a Float...] I'm not sure about it starting at were [where?] we are now but I do think it will float...here the thing I'm seeing, I hate to say it but I'm not sure your going to see a high rate to start it might take some time but once it happens it won't take that long to get there...as investors come in the currency will rise...I like seeing other countries are talking to trade talks with Iraq, we need to see that happen , that will put pressure on them to do something with their currency... stability is one of the big things we need to see happen, I see they are working on that now. [You can always find the official CBI and Market rates for the dinar on the left column of this page]
3-3-2019 Intel Guru Footforward You absolutely can not have an in country RV only. When this goes, it will be live all over the world.
3-3-2019 Guest Guru BobTheTaxMan if you show a huge amount of charitable contributions that actually exceed your income it’s going to get audited. You can plan on it…good tax planning always has good records. As long as you are compliant with the rules and regulations imposed by the IRS you do not have to fear it…I think it’s absolutely phenomenally marvelous the changes that have got on for 18 to 19 which makes this investment we are all involved in, wow, it’s just a huge huge blessing. It’s going to be great! But you need to look at the other side of the coin. This is what the IRS is going to be looking for. Be prepared. Play the game. And you will win. [Post 8 of 8]
3-3-2019 Intel Guru MarkZ There was a whole lot that happened yesterday, last night…and overnight...wow...so many positive things. ...I am going to call today “waiting on fruition day”. ...I cannot tell you the news coming out of the banking system but its beyond fantastic...it would be irresponsible on my part to tell right now. ...Many banks have spent a fortune getting key people in key places… based on what I can and cannot share I am feeling really good today. ...again...lots happened last night and more to come by Tuesday I am being told…
3-3-2019 Intel Guru RayRen98 Iraqi TV reports Parliaments' first session is rescheduled to Saturday, March 9, 2019. The vote/session that was SUPPOSED to take place on Monday, March 4 was already announced moved to Tuesday, March 5 and now gets shifted to Saturday? ...It is alleged that the Supreme Court informed that Parliament can vote on all ministries with the exception of Defense Minister due to it being under investigation. Iraqi TV is reporting that the CBI is saying that a fully seated government is needed for full move to international status. Time Will Tell on that one too. ...PRICES "SUPPOSEDLY" STILL BEING ADJUSTED... TIME WILL TELL!
3-3-2019 Newshound Guru larrykn [new Guru] I think the dinar will happen but we need to look at what Iraq is doing to get there...I've been in this 8 yrs now and I still feel its coming... If its not on the CBI site or Forex its not there period. [What do you think about [Guru] Kaperoni's thoughts?...a Float...] I'm not sure about it starting at were [where?] we are now but I do think it will float...here the thing I'm seeing, I hate to say it but I'm not sure your going to see a high rate to start it might take some time but once it happens it won't take that long to get there...as investors come in the currency will rise...I like seeing other countries are talking to trade talks with Iraq, we need to see that happen , that will put pressure on them to do something with their currency... stability is one of the big things we need to see happen, I see they are working on that now. [You can always find the official CBI and Market rates for the dinar on the left column of this page]
3-3-2019 Intel Guru Footforward You absolutely can not have an in country RV only. When this goes, it will be live all over the world.
3-3-2019 Guest Guru BobTheTaxMan if you show a huge amount of charitable contributions that actually exceed your income it’s going to get audited. You can plan on it…good tax planning always has good records. As long as you are compliant with the rules and regulations imposed by the IRS you do not have to fear it…I think it’s absolutely phenomenally marvelous the changes that have got on for 18 to 19 which makes this investment we are all involved in, wow, it’s just a huge huge blessing. It’s going to be great! But you need to look at the other side of the coin. This is what the IRS is going to be looking for. Be prepared. Play the game. And you will win. [Post 8 of 8]
3-2-2019 Intel Guru MarkZ We were all ready to roll last night …and don’t know what happened or what hasn’t happened yet...Im still expecting a lot of intel later on today...Right now we have all the right people are in the right places...[Have you been able to confirm any new rates implemented in Iraq?] No I have not..My guy in Iraq says maybe it was a contractors rates…but they have not seen it on the street level yet...Everyone has been positioning and our window is today through Tuesday...still hearing we are in a very good spot...We are so close right now... we know this is not a question of IF, but a question of when..and we have no control over the "when"...If I have news or see any movement....I will be sure to let you all know...If I am allowed to let you know...
3-2-2019 Newshound Guru Breitling My definition and idea of what to look for and how much to cash in is completely changed. I never would have imagined with all the regulations and everybody so anti-fossil fuel the world is flooding with fossil fuels…but it’s completely flipped. What I’m saying is whatever the dinar comes in at just pull the trigger. It’s not going to get to $3.22. I know what Iraq said. I know what they said their intent was, but there is no way they could have imagined what the United States is doing today…we’ve become self-sufficient but we’ve started selling fossil fuels [too]. [Post 2 of 2]
3-2-2019 Newshound Guru Breitling …this is what Iraq stated they wanted to do. They wanted to get to a dollar. and then they wanted to reengineer their economy and get the dinar to $3.22…they told everybody…the Ministry of Finance, the Ministry of Planning, the CBI, the Parliament of Iraq all agreed and stated this is our goal, this is what we want to do…I don’t see that any more…people always ask me what’s the cash in? What should I do? Should I cash in just a little bit…? I’m not kidding. I do not see a path to $3.22. [Post 1 of 2....stay tuned]
3-2-2019 Intel Guru MarkZ [Do we have to exchange in the state we reside or can we exchange in the state we're visiting at present?] I am being told you will be able to pick where you want to exchange…If you are worried about security, or your neighbors, or having people know you are sitting on a bunch of money…you can choose to go somewhere else to exchange so you are not in your local area, and come home and live a quiet life. Or exchange in your area and then move to where you want to be.
3-2-2019 Guest Guru BobTheTaxMan …If you made over a certain amount of money you did not get to use Schedule A. Period. That got taken out for 2018. There are no limits…Now charitable contributions: have been in the 30% to 50% allowable depending on your income. Now that’s changed. In 2019 it went from 50% to 60%. This means a whole massive amount of tax liability that would have occurred because of having this money you can write off as charitable contributions. Wow! That is freaking awesome! But you also need to remember… [Post 7 of 8]
3-2-2019 Newshound Guru Breitling My definition and idea of what to look for and how much to cash in is completely changed. I never would have imagined with all the regulations and everybody so anti-fossil fuel the world is flooding with fossil fuels…but it’s completely flipped. What I’m saying is whatever the dinar comes in at just pull the trigger. It’s not going to get to $3.22. I know what Iraq said. I know what they said their intent was, but there is no way they could have imagined what the United States is doing today…we’ve become self-sufficient but we’ve started selling fossil fuels [too]. [Post 2 of 2]
3-2-2019 Newshound Guru Breitling …this is what Iraq stated they wanted to do. They wanted to get to a dollar. and then they wanted to reengineer their economy and get the dinar to $3.22…they told everybody…the Ministry of Finance, the Ministry of Planning, the CBI, the Parliament of Iraq all agreed and stated this is our goal, this is what we want to do…I don’t see that any more…people always ask me what’s the cash in? What should I do? Should I cash in just a little bit…? I’m not kidding. I do not see a path to $3.22. [Post 1 of 2....stay tuned]
3-2-2019 Intel Guru MarkZ [Do we have to exchange in the state we reside or can we exchange in the state we're visiting at present?] I am being told you will be able to pick where you want to exchange…If you are worried about security, or your neighbors, or having people know you are sitting on a bunch of money…you can choose to go somewhere else to exchange so you are not in your local area, and come home and live a quiet life. Or exchange in your area and then move to where you want to be.
3-2-2019 Guest Guru BobTheTaxMan …If you made over a certain amount of money you did not get to use Schedule A. Period. That got taken out for 2018. There are no limits…Now charitable contributions: have been in the 30% to 50% allowable depending on your income. Now that’s changed. In 2019 it went from 50% to 60%. This means a whole massive amount of tax liability that would have occurred because of having this money you can write off as charitable contributions. Wow! That is freaking awesome! But you also need to remember… [Post 7 of 8]
3-1-2019 Intel Guru MarkZ I was asked why I do this….I was too tired of seeing people at their wits end and depressed….Way to many people I’ve seen giving up hope and about to give up their currency and that was just killing me. ...News has been intermittent…[Do I still feel good about where we are?] Yes I do . I feel very good about it. [I was told that the banks asked for one more day of training and that they the wanted the exchange to start tomorrow.] I am hearing the same from some sources….you have exceptionally good contacts….and that you are hearing this and I am also and we both have very different contacts is a very positive sign. I really do think we are close though based on very smart people involved in the process….
3-1-2019 Newshound/Intel Guru Randy Koonce Based on the information I have been able to get, we could see it as soon as this weekend, but hopefully no later than the 3rd week in March. That is our latest, and hopefully the last window. For some of you the tax consequences will be significant. Pay your taxes, but also be wise in the speed and manner in which you exchange...Take your time. Be deliberate and intentional. Be smarter than you’ve ever been in your life. There will never be another opportunity of this magnitude in our lifetimes. ...ALSO this is very political so as I am very confident something can come up and delay. So do not quick breathing...We are close.. Every large bank will exchange... RELAX the RV is coming...Breathe...Check...CBI...every day to see if it has changed... [post 2 of 2] [The Official CBI Dinar Rates are listed on the left side of this page...you can always see them there! :) ]
3-1-2019 Newshound/Intel Guru Randy Koonce Ladies and Gentlemen of Dinar-Land. Please put your tray tables in the upright position, and make sure your seat belts are fastened. It truly looks like we are on the final approach and that our very long ride is about to come to an end. I hope you have given much thought to, and made very wise plans as you exit the ride. As you all are aware of, this Iraqi dinar revaluation has taken many unexpected and unplanned twists and turns. Barring another new unforeseen bump, we are looking at March to be our final month of waiting for this to happen. [post 1 of 2....stay tuned]
3-1-2019 Intel Guru RayRen98 1. Some US banks are seeing rates on the back screen, but we're being informed that they are not the final rates. 2. Iraqi TV news broadcasted a spokesperson stating that a complete, seated government will be announced no later than March 17, 2019. 3. PM Mahdi reportedly announced on Iraqi TV that several ministers of his cabinet will be replaced due to their suspicious background. 4. Two reputable sources have reported to us that 35 Dinar is equivalent to $100 US in-country only. We await more detailed information regarding this process. 5. It is being reported to us that consumer market prices for goods services are being (or scheduled to be) adjusted due to rate changes. It is anticipated that fils (coins) will be effective with the new pricing structure in addition to the lower denoms that have been slowly trickling into circulation. Time Will Tell All!
3-1-2019 Intel Guru Bruce ...I believe yesterday for about 3 ½ hours banks had video conference calls where they were going through last minute protocols, last minute information. ...Rates are on screens... rates are going to be great. ...Everything else is just us getting started. We are down to that point. Everybody has signed off. Everything is ready to proceed...We are poised to get started I believe with our exchanges by this weekend. If we get pushed, I do not know it yet...That is where we are. We are down to the wire.
3-1-2019 Guest Guru BobTheTaxMan …And is it really worth cashing in all this dinar and ending up with this huge amount of capital and finding yourself under the gun scope of the IRS. If you have an exorbitant amount of income that show up, I mean a great big chunk, you can justify it, that’s not the problem at all, but I promise you if they audit you and you have not paid your taxes on it they are going to hit you with penalties and interests. And it’s going to be huge. Just be aware. If you take a lot out and your tax returns jump way up high you might set yourself up for an audit. Plan on it. It’s going to happen. THREE: One of the amazing blessing that’s come from 2018 to 2019 taxes is the simple fact that in the past Schedule A which is where you put your itemized deductions and report your charitable contributions had limitations on it. [Post 6 of 8]
3-1-2019 Intel Guru MarkZ [Would you please...comment on the Kuwaiti dinar being around $4 to 1 dinar as Iraq has been said to want parody [parity?] with Kuwait...so, if ...that is true, the bank rate for Kuwaiti dinar is a good indication for us?] Absolutely...they are looking for parity….they are looking for them to be within pennies of each other. 2 Weeks ago we were seeing a rate of about 4:43 and hearing it could climb to the high $6’s and guys anytime I mention a rate- consider it a rumor right now…until we go to the banks and money in our pockets.
3-1-2019 Intel Guru Footforward There has been no RV or RI in Iraq yet. When it goes, it will be world wide. Not just in Iraq.
3-1-2019 Newshound/Intel Guru Randy Koonce Based on the information I have been able to get, we could see it as soon as this weekend, but hopefully no later than the 3rd week in March. That is our latest, and hopefully the last window. For some of you the tax consequences will be significant. Pay your taxes, but also be wise in the speed and manner in which you exchange...Take your time. Be deliberate and intentional. Be smarter than you’ve ever been in your life. There will never be another opportunity of this magnitude in our lifetimes. ...ALSO this is very political so as I am very confident something can come up and delay. So do not quick breathing...We are close.. Every large bank will exchange... RELAX the RV is coming...Breathe...Check...CBI...every day to see if it has changed... [post 2 of 2] [The Official CBI Dinar Rates are listed on the left side of this page...you can always see them there! :) ]
3-1-2019 Newshound/Intel Guru Randy Koonce Ladies and Gentlemen of Dinar-Land. Please put your tray tables in the upright position, and make sure your seat belts are fastened. It truly looks like we are on the final approach and that our very long ride is about to come to an end. I hope you have given much thought to, and made very wise plans as you exit the ride. As you all are aware of, this Iraqi dinar revaluation has taken many unexpected and unplanned twists and turns. Barring another new unforeseen bump, we are looking at March to be our final month of waiting for this to happen. [post 1 of 2....stay tuned]
3-1-2019 Intel Guru RayRen98 1. Some US banks are seeing rates on the back screen, but we're being informed that they are not the final rates. 2. Iraqi TV news broadcasted a spokesperson stating that a complete, seated government will be announced no later than March 17, 2019. 3. PM Mahdi reportedly announced on Iraqi TV that several ministers of his cabinet will be replaced due to their suspicious background. 4. Two reputable sources have reported to us that 35 Dinar is equivalent to $100 US in-country only. We await more detailed information regarding this process. 5. It is being reported to us that consumer market prices for goods services are being (or scheduled to be) adjusted due to rate changes. It is anticipated that fils (coins) will be effective with the new pricing structure in addition to the lower denoms that have been slowly trickling into circulation. Time Will Tell All!
3-1-2019 Intel Guru Bruce ...I believe yesterday for about 3 ½ hours banks had video conference calls where they were going through last minute protocols, last minute information. ...Rates are on screens... rates are going to be great. ...Everything else is just us getting started. We are down to that point. Everybody has signed off. Everything is ready to proceed...We are poised to get started I believe with our exchanges by this weekend. If we get pushed, I do not know it yet...That is where we are. We are down to the wire.
3-1-2019 Guest Guru BobTheTaxMan …And is it really worth cashing in all this dinar and ending up with this huge amount of capital and finding yourself under the gun scope of the IRS. If you have an exorbitant amount of income that show up, I mean a great big chunk, you can justify it, that’s not the problem at all, but I promise you if they audit you and you have not paid your taxes on it they are going to hit you with penalties and interests. And it’s going to be huge. Just be aware. If you take a lot out and your tax returns jump way up high you might set yourself up for an audit. Plan on it. It’s going to happen. THREE: One of the amazing blessing that’s come from 2018 to 2019 taxes is the simple fact that in the past Schedule A which is where you put your itemized deductions and report your charitable contributions had limitations on it. [Post 6 of 8]
3-1-2019 Intel Guru MarkZ [Would you please...comment on the Kuwaiti dinar being around $4 to 1 dinar as Iraq has been said to want parody [parity?] with Kuwait...so, if ...that is true, the bank rate for Kuwaiti dinar is a good indication for us?] Absolutely...they are looking for parity….they are looking for them to be within pennies of each other. 2 Weeks ago we were seeing a rate of about 4:43 and hearing it could climb to the high $6’s and guys anytime I mention a rate- consider it a rumor right now…until we go to the banks and money in our pockets.
3-1-2019 Intel Guru Footforward There has been no RV or RI in Iraq yet. When it goes, it will be world wide. Not just in Iraq.
2-28-2019 Intel Guru MarkZ ...a lot happening in the background...I do think we're soon...Everyone is in place all higher ups ready! We are trying to find out more about the 2:86 rate in Iraq...from my contact in Iraq. There is no bad news..The banks think we will have liquidity soon... I am still looking for the reset at anytime but for sure within the next week or two. There is so much behind the scenes movement that I can’t share... ...Feb 25th of last year...even back then they were pushing for it in first quarter of 2019… [...is there going to be contract rates Internationally?] I have been told there would be contract rates all over the world….thats how resets or revaluations have worked all throughout history.
2-28-2019 Intel Guru ADMINBILL Breathe...It appears the "moment" is drawing very close. Perhaps what we have waited for is within our grasp.
2-28-2019 Guest Guru BobTheTaxMan 2. …tax planning is absolutely critical…if you run out and cash in all this dinar three things are going to happen. ONE: You have to make dang sure when you cash in that dinar that you pay your taxes on it. Don’t let it get away from you. Calculate it. Pay it up front. Pay it quarterly. Pay it monthly. When you go get money out of the bank, pay taxes. Just do it. That way you don’t have to worry about it. TWO: Realize if you pull a lot more money and show on your tax return than what you ordinarily would have, you have lined yourself up for an audit. Part of the tax planning is…where do you draw the line? How much do you really need? What tax bracket do you want to live in? [Post 5 of 8]
2-28-2019 Intel Guru MarkZ [Have you heard that the slow roll-out has already begun?] Yes I have… [...can you tell me if you heard what I am being told about the 800#'s being put out very soon. I was actually told to be ready it is now any second.] I am hearing the same thing…I hate to keep telling you all that and keep you on the edge of your seats…but that’s what I hear.
2-28-2019 Newshound Guru Adam Montana We can certainly have an RV without the HCL, but doesn’t it make sense that a written agreement that guarantees a portion of the spoils to a major part of the Iraqi (bicracky) population would grease the wheels? I think so. ...Over the years, I’ve given more than a few deeper looks into my reasonings for the importance of the HCL but I hope I’ve also expressed that it’s not a “requirement”. The Iraqi dinar will increase in value with or without an official HCL. Personally I think the rate will be stronger with the HCL. Also personally, I’d be happy with a lower rate without an official HCL. [post 2 of 2]
2-28-2019 Newshound Guru Adam Montana [...why must they pass the HCL law before there can be a revaluation of the dinar?] HCL is indeed merely a profit sharing agreement, and until there’s a decent agreement in place regarding profit sharing, we have a difficult road to travel for an RV, which is all about profit. The profits little people like us will see from a change in the exchange rate of the Iraqi dinar are small compared to what larger institutions will realize. This is something that happens every day, and that’s not particularly important. What IS important is this; [post 1 of 2....stay tuned]
2-28-2019 Intel Guru RayRen98 ...We now have a confirmation 35 dinar equals US $100 which means there is a live rate of two dollars and 86. We wait and wait and wait but it’s going to be here at a much higher rate. [Update] RECEIVED ANOTHER ACKNOWLEDGEMENT OF 35 DINAR = $100 US IN IRAQ...ANOTHER GOOD SOURCE.
2-28-2019 Intel Guru ADMINBILL Breathe...It appears the "moment" is drawing very close. Perhaps what we have waited for is within our grasp.
2-28-2019 Guest Guru BobTheTaxMan 2. …tax planning is absolutely critical…if you run out and cash in all this dinar three things are going to happen. ONE: You have to make dang sure when you cash in that dinar that you pay your taxes on it. Don’t let it get away from you. Calculate it. Pay it up front. Pay it quarterly. Pay it monthly. When you go get money out of the bank, pay taxes. Just do it. That way you don’t have to worry about it. TWO: Realize if you pull a lot more money and show on your tax return than what you ordinarily would have, you have lined yourself up for an audit. Part of the tax planning is…where do you draw the line? How much do you really need? What tax bracket do you want to live in? [Post 5 of 8]
2-28-2019 Intel Guru MarkZ [Have you heard that the slow roll-out has already begun?] Yes I have… [...can you tell me if you heard what I am being told about the 800#'s being put out very soon. I was actually told to be ready it is now any second.] I am hearing the same thing…I hate to keep telling you all that and keep you on the edge of your seats…but that’s what I hear.
2-28-2019 Newshound Guru Adam Montana We can certainly have an RV without the HCL, but doesn’t it make sense that a written agreement that guarantees a portion of the spoils to a major part of the Iraqi (bicracky) population would grease the wheels? I think so. ...Over the years, I’ve given more than a few deeper looks into my reasonings for the importance of the HCL but I hope I’ve also expressed that it’s not a “requirement”. The Iraqi dinar will increase in value with or without an official HCL. Personally I think the rate will be stronger with the HCL. Also personally, I’d be happy with a lower rate without an official HCL. [post 2 of 2]
2-28-2019 Newshound Guru Adam Montana [...why must they pass the HCL law before there can be a revaluation of the dinar?] HCL is indeed merely a profit sharing agreement, and until there’s a decent agreement in place regarding profit sharing, we have a difficult road to travel for an RV, which is all about profit. The profits little people like us will see from a change in the exchange rate of the Iraqi dinar are small compared to what larger institutions will realize. This is something that happens every day, and that’s not particularly important. What IS important is this; [post 1 of 2....stay tuned]
2-28-2019 Intel Guru RayRen98 ...We now have a confirmation 35 dinar equals US $100 which means there is a live rate of two dollars and 86. We wait and wait and wait but it’s going to be here at a much higher rate. [Update] RECEIVED ANOTHER ACKNOWLEDGEMENT OF 35 DINAR = $100 US IN IRAQ...ANOTHER GOOD SOURCE.
2-27-2019 Guest Guru BobTheTaxMan …But my suggestion would be don’t mess with it. take the conservative side. File it as ordinary income. Pay your taxes that’s on it. And keep your ear to the ground. Any kind of new changes that are going to come out in this particular arena the dinar crowd is going to pick it up and run like crazy with it. But most importantly if you have a half decent attorney or CPA who’s familiar with Forex they’re going to say “Guess, what?!” and then you go back and amend the return. So if you amend the return. You’ll get back the amount of money you didn’t have to pay taxes on PLUS you’ll get interest from the federal government and if your state…has an income tax they have to pay you interest as well. Hmmm…sounds like a good plan to me. The thing I like about it is that I don’t want to have to walk around downtown looking over my shoulder worrying about the IRS getting on my case….My invitation is to realize that if you elect to file capital gains you’re walking the line. That line could turn and snap you. If it does snap you it’s going to cost you more money. If you take the line and be more conservative and pay it as ordinary income whatever initial taxes you paid you have three years to recover. And within three years they’ll be some sort of an answer that will be well known…let it go. I assure you you’ll be a lot happier… [Post 4 of a lot]
2-27-2019 Newshound Guru Currency365 WE ARE OFFICIALLY IN GREEN LIGHT HIGH ALERT.
2-27-2019 Intel Guru MarkZ ...yesterday’s report from the bank in S.Carolina showing a rate of over $4 turned out to be on the Kuwait Dinar and not the Iraqi Dinar…it was a smaller bank is a little town and a new teller. That bank is embarrassed they got folks hopes up and I feel bad that this turned out to be false excitement. And that sucks that we have gotten way to used to disappointments…noone should have to go through what we have for years. ... I am All my sources are still ramped up and ready to go to the prom…everything is in place…we are just waiting …but they still feel its at any time really...hoping we get more news today…I will let you know…hopefully tonight.
2-27-2019 Newshound Guru Adam Montana I'd say things are still pointed the right direction. OIL took a tiny step backwards, but still tracking for a win if my target of $60 is correct. In addition to what I'm hearing from the other side of the pond, and what my own experience and insights conclude, I still believe that $60 mark is where we want to be headed. Hitting that price, on the current trajectory, is solid evidence of stability in the markets and will be reassuring to the CBI so they can take some bold steps. There is a low rumble off in the distance that sounds like an HCL thunderstorm, so we'll keep an eye on that.
2-27-2019 Intel Guru Bruce I have heard timeframes. We try not to call it...but I feel that we are down to the final couple of days for us to get started...From every bit of information I have gotten some people have it within 24 hours. Some have it within couple of days. I have specific times when I am supposed to be notified...We will see how they come thru and what happens. ...we are right smack in the middle of this right now. It might be just 24 hours to 48 hours before we go. So we are right there. ...Hang in there a few days longer and you guys will be golden. I know you are excited and I am excited by it... [post 2 of 2]
2-27-2019 Intel Guru Bruce There was a meeting in the White House, let’s call it that, with 5 key people one of which was our President...Documents were signed. At that point things were put off motion in a very real way... Since then what has happened is the Dinar came out. It was rolled out and it was officially recognized in- country...now today at a rate of $6.73. That is an in-country rate for the dinar. That is pretty strong. Our rate here on our front screen could be higher than that... substantially higher... Also the Dong was a little bit slower. It came up Sunday afternoon... It started and it was coming a little lower than it had been but it is still moving in an upward direction. So we can’t say it is not going to get back up to where we said it was. [post 1 of 2....stay tuned]
2-27-2019 Guest Guru BobTheTaxMan It does not qualify [reference post 2] …I’m going to make it real simple for you. My research has shown this…It’s going to be treated as ordinary income and that’s that. Now, what would happen if you elected to do it as capital gains and file your return? Here’s what will happen…if you are incorrect and it comes back it will take two years before you hear from them. The amount of penalties and interest that is going to be accumulated over that two year time frame is…going to be big. So you have a choice. On my side I tell people treat it as ordinary income. Yeah you’re going to pay more taxes. That’s true you’re going to pay more taxes on it but I do know this much, within 3 years, because you have three years to amend that return to get money back, within three years somewhere along the line someone is going to get a Letter of Definition from the IRS that definitively says this is how we’re taxing it...and/or there might be rule changes in the IRS that converts this from ordinary income to capital gains. That might happen. I’ve seen it before. [Post 3 of a lot]
2-27-2019 Newshound Guru Currency365 WE ARE OFFICIALLY IN GREEN LIGHT HIGH ALERT.
2-27-2019 Intel Guru MarkZ ...yesterday’s report from the bank in S.Carolina showing a rate of over $4 turned out to be on the Kuwait Dinar and not the Iraqi Dinar…it was a smaller bank is a little town and a new teller. That bank is embarrassed they got folks hopes up and I feel bad that this turned out to be false excitement. And that sucks that we have gotten way to used to disappointments…noone should have to go through what we have for years. ... I am All my sources are still ramped up and ready to go to the prom…everything is in place…we are just waiting …but they still feel its at any time really...hoping we get more news today…I will let you know…hopefully tonight.
2-27-2019 Newshound Guru Adam Montana I'd say things are still pointed the right direction. OIL took a tiny step backwards, but still tracking for a win if my target of $60 is correct. In addition to what I'm hearing from the other side of the pond, and what my own experience and insights conclude, I still believe that $60 mark is where we want to be headed. Hitting that price, on the current trajectory, is solid evidence of stability in the markets and will be reassuring to the CBI so they can take some bold steps. There is a low rumble off in the distance that sounds like an HCL thunderstorm, so we'll keep an eye on that.
2-27-2019 Intel Guru Bruce I have heard timeframes. We try not to call it...but I feel that we are down to the final couple of days for us to get started...From every bit of information I have gotten some people have it within 24 hours. Some have it within couple of days. I have specific times when I am supposed to be notified...We will see how they come thru and what happens. ...we are right smack in the middle of this right now. It might be just 24 hours to 48 hours before we go. So we are right there. ...Hang in there a few days longer and you guys will be golden. I know you are excited and I am excited by it... [post 2 of 2]
2-27-2019 Intel Guru Bruce There was a meeting in the White House, let’s call it that, with 5 key people one of which was our President...Documents were signed. At that point things were put off motion in a very real way... Since then what has happened is the Dinar came out. It was rolled out and it was officially recognized in- country...now today at a rate of $6.73. That is an in-country rate for the dinar. That is pretty strong. Our rate here on our front screen could be higher than that... substantially higher... Also the Dong was a little bit slower. It came up Sunday afternoon... It started and it was coming a little lower than it had been but it is still moving in an upward direction. So we can’t say it is not going to get back up to where we said it was. [post 1 of 2....stay tuned]
2-27-2019 Guest Guru BobTheTaxMan It does not qualify [reference post 2] …I’m going to make it real simple for you. My research has shown this…It’s going to be treated as ordinary income and that’s that. Now, what would happen if you elected to do it as capital gains and file your return? Here’s what will happen…if you are incorrect and it comes back it will take two years before you hear from them. The amount of penalties and interest that is going to be accumulated over that two year time frame is…going to be big. So you have a choice. On my side I tell people treat it as ordinary income. Yeah you’re going to pay more taxes. That’s true you’re going to pay more taxes on it but I do know this much, within 3 years, because you have three years to amend that return to get money back, within three years somewhere along the line someone is going to get a Letter of Definition from the IRS that definitively says this is how we’re taxing it...and/or there might be rule changes in the IRS that converts this from ordinary income to capital gains. That might happen. I’ve seen it before. [Post 3 of a lot]
2-26-2019 Intel Guru MarkZ A local bank in N. Carolina was said to be showing a rate of $4. Then it disappeared when they came back to exchange. We are sending people to local banks today and see if we can get anyone to exchange today... We want to see how many of them may have value showing on their screens and if any of them are willing to exchange. [what about 800# release for private appt...is that real or no?] 800# yes I believe they are a real thing... You will have a number of banks with their own 800 #s hoping you will come to them…I feel once we get 800 numbers it will take a couple days to make appointments...I always thought that it would be best to do this over a weekend…even a 3 day weekend because it would be better for liquidity...but there is no 3 day weekend soon which means they will just have to work harder and faster. ...I think we are on the cusp of everything happening and if I get news I will let you know.
2-26-2019 Guest Guru BobTheTaxMan 1. I have had a lot of people send me email saying, “ This person is saying this is going to be capital gains and NOT be ordinary income.” I’ve even been sent long convoluted processes someone has created for being able to move money in different ways so that the categorization was redone. I’ll tell you from my own studies, one of the things when I got into this thing over a decade ago…I spent a lot of time researching it. I contacted Several of my financial advisors who worked with their tax attorneys. I got the leading CPA of the east coast who deals in Foex currency exchanges and his research came up with the exact same thing that the attorneys came up with. And that is there are two ways that people might misconstrue that this is supposed to be taxed as capital gains. I can tell you right now from the research they did and my own research the dinar does NOT qualify. [Post 2 of a lot]
2-26-2019 Guest Guru BobTheTaxMan For those of us who have been riding this cotton picking train of the dinar for so long you couldn’t get a better tax opportunity than we have now. It’s just absolutely freaking amazing what we have. The new rules brought in under the Trump Administration give us so much leeway and so much opportunity to be able to save on taxes, to share this with everyone we love, less consequences. The whole tax planning game has changed immensely because of the changes in 2018 and 2019…As Paul Harvey used to say, “Here’s the rest of the story.” There are some things about the IRS, particularly those who come into a lot of money in a hurry that have certain triggering points. I’ve got three of those I want to talk to you about. [Post 1 of A lot]
2-26-2019 Intel Guru Frank26 [via Clare] The Language Iraq is using, is International & they wouldn't be allowed by the Fab 4 if the announcement was not close...The International world has read what you & I have not, yet...3 sources spotting small's (lower denoms) ...Testing was successful for the Dinar to travel around the world internationally. WS [Guru Walkingstick] said they are test driving the new rate of the IQD. Testing converters!!
2-26-2019 Intel Guru MarkZ [...is the need to be in a group necessary?] I have talked to so many bankers on this. They all agree you do not have to be in a group to exchange...
2-26-2019 Guest Guru BobTheTaxMan 1. I have had a lot of people send me email saying, “ This person is saying this is going to be capital gains and NOT be ordinary income.” I’ve even been sent long convoluted processes someone has created for being able to move money in different ways so that the categorization was redone. I’ll tell you from my own studies, one of the things when I got into this thing over a decade ago…I spent a lot of time researching it. I contacted Several of my financial advisors who worked with their tax attorneys. I got the leading CPA of the east coast who deals in Foex currency exchanges and his research came up with the exact same thing that the attorneys came up with. And that is there are two ways that people might misconstrue that this is supposed to be taxed as capital gains. I can tell you right now from the research they did and my own research the dinar does NOT qualify. [Post 2 of a lot]
2-26-2019 Guest Guru BobTheTaxMan For those of us who have been riding this cotton picking train of the dinar for so long you couldn’t get a better tax opportunity than we have now. It’s just absolutely freaking amazing what we have. The new rules brought in under the Trump Administration give us so much leeway and so much opportunity to be able to save on taxes, to share this with everyone we love, less consequences. The whole tax planning game has changed immensely because of the changes in 2018 and 2019…As Paul Harvey used to say, “Here’s the rest of the story.” There are some things about the IRS, particularly those who come into a lot of money in a hurry that have certain triggering points. I’ve got three of those I want to talk to you about. [Post 1 of A lot]
2-26-2019 Intel Guru Frank26 [via Clare] The Language Iraq is using, is International & they wouldn't be allowed by the Fab 4 if the announcement was not close...The International world has read what you & I have not, yet...3 sources spotting small's (lower denoms) ...Testing was successful for the Dinar to travel around the world internationally. WS [Guru Walkingstick] said they are test driving the new rate of the IQD. Testing converters!!
2-26-2019 Intel Guru MarkZ [...is the need to be in a group necessary?] I have talked to so many bankers on this. They all agree you do not have to be in a group to exchange...
2-24-2019 Newshound Guru Don961 Article: "Iran : The busy days of ATMs / new banknotes began" imo ... this may be a sample of the type of article we may witness concerning Iraq's currency in ATMs in the future ...freely speaking about new banknotes being distributed ... plain language ... no guessing ... no cryptic language or meanings ... just business as usual ...
2-25-2019 Intel Guru MarkZ ...I have been asked not
to talk about certain topics that could jeopardize my sources or the RV process.
It’s a matter of security. Just know there is movement and momentum...
I am hearing rumors that the rate has gone from the mid $4’s for us to
the higher $6’s. This rumor is coming from out in the desert area (the
middle east) . What we are really going to get- I don’t know but it’s exciting
to see movement. [...in your opinion will we see it this
month?] I do believe we will see it this month…..its going to be
close to the crossover into March but we will see it IMO...I have to
say this “any minute” waiting is driving me nuts…but I am very excited
for where we are now. ...Hope to get more news tonight and I will let
you all know. stay positive and will see you all soon. [post 2 of 2]
2-25-2019 Intel Guru MarkZ ...We do not have Asset backed yet…we are close…they are moving and shuffling and putting so much in place…I am looking for a lot to happen this week ..especially with Trump being gone. We have always heard that the President needs to be out of country when this happens..and we always heard it would happen when he was over international waters most likely. [...do you think the China trade agreement has a lot to do with what we are waiting for as far as the RV?] Yes I do…. I think it has a lot to do with what we are waiting for. ...I actually get to see the forward movement. And since I know the people actually implementing things behind the scene is why I am so excited. [post 1 of 2....stay tuned]
2-25-2019 Intel Guru Delta NOTHING MAKE SENSE WITH IRAQ...LOL... BUT IMO IT'S COMING...
2-25-2019 Newshound Guru MilitiaMan Article: "Report: More than one million people visited the Baghdad International Fair" If one were to have watched Trump talking to the Farmer on Friday, one may want to smile. Trade. Fair Trade...
2-25-2019 Intel/Newshound Guru sandyf ...It is fairly obvious over the last 12 years that the CBI have been considering a redenomination but other factors have got in the way and it has been pushed down the list of priorities. Little point bringing a Bill to parliament if other items on the agenda are more important. Every year we see how they struggle to get agreement on the budget, if the redenomination bill ever sees the light of day it will not be an easy passage and may well get hung up indefinately...
2-25-2019 Intel Guru MarkZ ...We do not have Asset backed yet…we are close…they are moving and shuffling and putting so much in place…I am looking for a lot to happen this week ..especially with Trump being gone. We have always heard that the President needs to be out of country when this happens..and we always heard it would happen when he was over international waters most likely. [...do you think the China trade agreement has a lot to do with what we are waiting for as far as the RV?] Yes I do…. I think it has a lot to do with what we are waiting for. ...I actually get to see the forward movement. And since I know the people actually implementing things behind the scene is why I am so excited. [post 1 of 2....stay tuned]
2-25-2019 Intel Guru Delta NOTHING MAKE SENSE WITH IRAQ...LOL... BUT IMO IT'S COMING...
2-25-2019 Newshound Guru MilitiaMan Article: "Report: More than one million people visited the Baghdad International Fair" If one were to have watched Trump talking to the Farmer on Friday, one may want to smile. Trade. Fair Trade...
2-25-2019 Intel/Newshound Guru sandyf ...It is fairly obvious over the last 12 years that the CBI have been considering a redenomination but other factors have got in the way and it has been pushed down the list of priorities. Little point bringing a Bill to parliament if other items on the agenda are more important. Every year we see how they struggle to get agreement on the budget, if the redenomination bill ever sees the light of day it will not be an easy passage and may well get hung up indefinately...
2-23-2019 Intel Guru MarkZ ...I have to say I’m seeing so much happening right now that we have never seen before in the past…we are seeing so much activity behind the scenes in the last 2 months…a crazy amount of movement we can measure. I am excited for right now...I am hearing everything a Go, now just need to see it...everyone I’ve spoken with is excited for tonight and the next 24 hours...I feel we are literally in a moment to moment wait to see the RV...If I hear any news – if any of the things we are expecting to happen today do happen…..I will be sure to update everyone. [post 2 of 2]
2-23-2019 Intel Guru MarkZ …everyone is very excited and hope things start happening tonight. Could be a very exciting 24 hours. More confirmations we are right on top of this..some things I can't talk about...Amazing good news out of Iraq this weekend. They were expecting an announcement sometime today… the PTB doing their absolute best not to share so people won't know when it starts or try to throw a curve ball into things again. [post 1 of 2....stay tuned]
2-23-2019 Newshound Guru Kaperoni Some still want to believe in an overnight event such as a RV or RI. But it is physically impossible for the CBI do such a thing. To much money in circulation, could never afford it, nor does it make any scientific/logical sense. What does make sense is for Iraq to raise the value gradually. Such an event would allow for the reduction of dinar, allow for the CBI to profit from the appreciation and reduce inflation as investors/investment comes into Iraq.
2-23-2019 Newshound Guru EHankins "REPORT: IRAQ ANNOUNCES THE DISMANTLING OF THE LARGEST FUNDING NETWORK FOR "DAHESH" Quote: "A recent report said that the State of Iraq announced the dismantling of the largest funding network of the group "Daash" terrorist." ...stopping the thievery and future potential corruption obviously is a very wise move of opportunity just imagine the possibilities of what the bad guys could have would have done with the stronger dinar when the RI happened ... It is extremely encouraging seeing them stopped...
2-23-2019 Intel Guru MarkZ …everyone is very excited and hope things start happening tonight. Could be a very exciting 24 hours. More confirmations we are right on top of this..some things I can't talk about...Amazing good news out of Iraq this weekend. They were expecting an announcement sometime today… the PTB doing their absolute best not to share so people won't know when it starts or try to throw a curve ball into things again. [post 1 of 2....stay tuned]
2-23-2019 Newshound Guru Kaperoni Some still want to believe in an overnight event such as a RV or RI. But it is physically impossible for the CBI do such a thing. To much money in circulation, could never afford it, nor does it make any scientific/logical sense. What does make sense is for Iraq to raise the value gradually. Such an event would allow for the reduction of dinar, allow for the CBI to profit from the appreciation and reduce inflation as investors/investment comes into Iraq.
2-23-2019 Newshound Guru EHankins "REPORT: IRAQ ANNOUNCES THE DISMANTLING OF THE LARGEST FUNDING NETWORK FOR "DAHESH" Quote: "A recent report said that the State of Iraq announced the dismantling of the largest funding network of the group "Daash" terrorist." ...stopping the thievery and future potential corruption obviously is a very wise move of opportunity just imagine the possibilities of what the bad guys could have would have done with the stronger dinar when the RI happened ... It is extremely encouraging seeing them stopped...
2-22-2019 Intel Guru Delta "REPORT: IRAQ ANNOUNCES THE DISMANTLING OF THE LARGEST FUNDING NETWORK FOR "DAHESH" Quote: "A recent report said that the State of Iraq announced the dismantling of the largest funding network of the group "Daash" terrorist." ...IMO THAT IS WHY THE CBI DID NOT RI YET... BUT NOW IT'S CLEAR TO GO...THIS IS HUGE...ALSO THEY WERE USING THE CBI AUCTIONS FOR FUNDING...THAT'S WHY IMO THEY HAVE TO STOP THE AUCTIONS ASAP..
2-22-2019 Newshound Guru Kaperoni ...the IMF cannot force CBI to do anything...that being said the CBI is a member in the IMF and agreed to the conditions of that membership and one of the conditions stated says member countries have to strive for Article VIII as soon as possible. So I do not think the CBI will drag their feet to meet move from Article XIV to VIII much longer when that is the intent in the plan.
2-22-2019 Intel Guru Bruce ...We are hearing really good information. We think this is it...I am telling you things are moving...This RV/GCR has been rolling out slowly since this past Monday. ...It is like that Heinz Catsup commercial, the Anticipation Song. The catsup is pouring out, but taking a long time to pour out. That is like what we are experiencing. ...I have been told to be alert...I do not know when it is going to happen, but I do feel good about where we are in the process. I told you I wasn’t going to call it, and so I am not. I can’t, because I could be wrong. I am excited as I ever been for this to go thru. [post 2 of 2]
2-22-2019 Intel Guru Bruce [via PinkRoses] There was an outside shot that we would get the start today [Thursday]. It did not happened. ...It didn’t happen because our lovely banks were not completely compliant...Wells Fargo, Bank of America, and Citibank were not complete or compliant with the RTGS...by 3:15 pm this afternoon [Thursday] all the major banks were compliant...That is why we couldn’t go today, but we could be in position to go after today. I think we can finally call Iraq complete. They started paying out their citizens last...Saturday or Sunday...paying them all at a new rate on their Qui cards. These were salaries. This was money that was paid as a result of the oil and gas law, the so called: HCL, Hydro Carbon Law... [post 1 of 2....stay tuned]
2-22-2019 Newshound Guru EHankins Article: "Signing a commercial economic agreement between Iraq and Kuwait" Quote: "the Iraqi-Kuwaiti agreement is a first step in the right direction to activate economic and trade relations and overcome the problems of the previous phase." [This is a significant piece to understanding where we are in the MR...we are at the doorstep to our reward. Just ask yourself, why was this done now and so quickly.] I couldn't agree more .... in my opinion this screams we indeed are on the other side .... both feet planted firmly because we have been prepared in advance.
2-22-2019 Intel Guru MarkZ [Do you feel the Iraq government must be fully seated before the RV can take place?] I absolutely say no. They have enough of a government seated. [Do you think we will RV before Prez gets back from China?] Yes I really think we will have the RV before then. I am still looking for the month of Feb. [Do you think this will be a taxable event?] From talking to many people at all levels of Gov and banking I do not think it will be a taxable event for the currencies. [Always consult with your tax professional at the appropriate time] [anything on the Dong?] I am still hearing the rate will be $2.00 to $2.20 on the dong. Hoping to have more news tomorrow [Friday].
2-22-2019 Newshound Guru Kaperoni ...the IMF cannot force CBI to do anything...that being said the CBI is a member in the IMF and agreed to the conditions of that membership and one of the conditions stated says member countries have to strive for Article VIII as soon as possible. So I do not think the CBI will drag their feet to meet move from Article XIV to VIII much longer when that is the intent in the plan.
2-22-2019 Intel Guru Bruce ...We are hearing really good information. We think this is it...I am telling you things are moving...This RV/GCR has been rolling out slowly since this past Monday. ...It is like that Heinz Catsup commercial, the Anticipation Song. The catsup is pouring out, but taking a long time to pour out. That is like what we are experiencing. ...I have been told to be alert...I do not know when it is going to happen, but I do feel good about where we are in the process. I told you I wasn’t going to call it, and so I am not. I can’t, because I could be wrong. I am excited as I ever been for this to go thru. [post 2 of 2]
2-22-2019 Intel Guru Bruce [via PinkRoses] There was an outside shot that we would get the start today [Thursday]. It did not happened. ...It didn’t happen because our lovely banks were not completely compliant...Wells Fargo, Bank of America, and Citibank were not complete or compliant with the RTGS...by 3:15 pm this afternoon [Thursday] all the major banks were compliant...That is why we couldn’t go today, but we could be in position to go after today. I think we can finally call Iraq complete. They started paying out their citizens last...Saturday or Sunday...paying them all at a new rate on their Qui cards. These were salaries. This was money that was paid as a result of the oil and gas law, the so called: HCL, Hydro Carbon Law... [post 1 of 2....stay tuned]
2-22-2019 Newshound Guru EHankins Article: "Signing a commercial economic agreement between Iraq and Kuwait" Quote: "the Iraqi-Kuwaiti agreement is a first step in the right direction to activate economic and trade relations and overcome the problems of the previous phase." [This is a significant piece to understanding where we are in the MR...we are at the doorstep to our reward. Just ask yourself, why was this done now and so quickly.] I couldn't agree more .... in my opinion this screams we indeed are on the other side .... both feet planted firmly because we have been prepared in advance.
2-22-2019 Intel Guru MarkZ [Do you feel the Iraq government must be fully seated before the RV can take place?] I absolutely say no. They have enough of a government seated. [Do you think we will RV before Prez gets back from China?] Yes I really think we will have the RV before then. I am still looking for the month of Feb. [Do you think this will be a taxable event?] From talking to many people at all levels of Gov and banking I do not think it will be a taxable event for the currencies. [Always consult with your tax professional at the appropriate time] [anything on the Dong?] I am still hearing the rate will be $2.00 to $2.20 on the dong. Hoping to have more news tomorrow [Friday].
2-21-2019 Intel Guru ADMINBILL The process is moving and in a critical juncture. I "expect" the good news to continue with a conclusion as early as the next 10 days for the public.
2-21-2019 Newshound Guru Kaperoni Yes. I do believe they will begin currency reform this year.
2-21-2019 Newshound Guru Adam Montana Article: "Iraqi PM aide: State of Erbil-Baghdad ties 'never better' " Baghdad and the Kurds getting along is something we've waited a LONG time to see! That kind of statement was unthinkable just a year or two ago.
2-21-2019 Intel Guru MarkZ They are 100% ready in Iraq , and 90% of all their problems are going to disappear as soon as the RV happens…In Iraq they were expecting it Monday and expecting it yesterday…they are still expecting it today . In Iraq they are asking folks to give up the USD’s and use those cards. The rumors are folks in Iraq have exchanged but no confirmation...my contacts say the rate still has not changed even though they are all talking about it on the TV and in the news...Everything is totally ready to go...they just need to release it all... I will be shaking the trees and rattling the cages all day today to find out some news.
2-21-2019 Intel Guru Delta IQD EXCHANGE RATE IN IRAQI MARKET....
17-Feb- 1193.144- 1193.114
18-Feb- 1193.091- 1193.054
19-Feb- 1193.095- 1193.055
20-Feb- 1193.008- 1192.987
[ <---- Note: You can see the latest Official Rate and Market Rate of the dinar in the Recourse Bar on the left of this page. <---- ]
2-21-2019 Newshound Guru Kaperoni Yes. I do believe they will begin currency reform this year.
2-21-2019 Newshound Guru Adam Montana Article: "Iraqi PM aide: State of Erbil-Baghdad ties 'never better' " Baghdad and the Kurds getting along is something we've waited a LONG time to see! That kind of statement was unthinkable just a year or two ago.
2-21-2019 Intel Guru MarkZ They are 100% ready in Iraq , and 90% of all their problems are going to disappear as soon as the RV happens…In Iraq they were expecting it Monday and expecting it yesterday…they are still expecting it today . In Iraq they are asking folks to give up the USD’s and use those cards. The rumors are folks in Iraq have exchanged but no confirmation...my contacts say the rate still has not changed even though they are all talking about it on the TV and in the news...Everything is totally ready to go...they just need to release it all... I will be shaking the trees and rattling the cages all day today to find out some news.
2-21-2019 Intel Guru Delta IQD EXCHANGE RATE IN IRAQI MARKET....
17-Feb- 1193.144- 1193.114
18-Feb- 1193.091- 1193.054
19-Feb- 1193.095- 1193.055
20-Feb- 1193.008- 1192.987
[ <---- Note: You can see the latest Official Rate and Market Rate of the dinar in the Recourse Bar on the left of this page. <---- ]
2-20-2019 Intel/Newshound Guru sandyf ...The question of tariffs has come up many times over the years and it is all about Iraq's application to join the WTO. Iraq cannot become a WTO member without a unified tariff profile.
2-20-2019 Newshound Guru chattels Article: "Iraq strengthens its reserves of gold to 96 tons" Countries such as Iraq, India, China and Kazakhstan were among the top gold buyers in 2018. According to data, Iraq increased its reserves last year by 6.45 tons, bringing its total gold holdings to 96.3 tons.
2-20-2019 Intel Guru MarkZ It’s Wait and See Wednesday today. We still do not have word from Iraq whether or not the rate has changed. Hope to know more this afternoon. In the banking system – they are still expectant for anytime. Big banks are all done and ready with the new banking system. Regional banks are scheduled to be done updating to new banking system mid-March. We are planning on using the big banks to exchange and they are ready.
2-20-2019 Newshound Guru Adam Montana I spend hours every day researching and communicating with my people on the Iraqi Dinar, international business, asset protection, etc...There are people I work with who know how important it is to get me my information by Tuesday, and are extremely dedicated to their roles... Today is short and sweet. There is nothing negative to report - Parliament is working, OIL is still going the right way, and my gut tells me they are just kicking a few last details around. If something counter productive were to happen right now, I'd take a harder look at things... but that's not the case. Everything is lining up! Parliament: still working, and working effectively. OIL: still moving towards $60, and doing it steadily. The only thing we can ask for right now is that BOOM! HCL news. Keep your heads on straight! This really feels like the home stretch.
2-20-2019 Intel Guru Bruce ...the sources we normally have are sending icons with zipped up mouths. It is like nope, zipped up, can’t communicate, can’t talk. To me that is a great sign. That tells us things are going on behind the scenes. ...It is done for our own safety and security. I am sure the security of the timing not only for us, but for banks, financial institutions, for many reasons, and so it is kind of quiet out there for a reason. I am excited...I know we are very close. [post 2 of 2]
2-20-2019 Intel Guru Bruce Iraq is pretty much out of the conversation. All we are looking Iraq for now is where are their rates. We are seeing movement on the screens today. We seen where they have reached a certain point and then start backing down a little bit. Same thing on the Dong. ... something on the front screens about $5.00 or so on the Dong right now and somewhere in the $5.60 - $5.70 range on the Dinar. The Vietnamese Dong may end up when it settles in being within 10% of the Dinar. ...We are hearing very good things about this being our week... I feel like where we are with everything that is moving forward that we are in that zone. We are in the red zone. [post 1 of 2....stay tuned]
2-20-2019 Newshound Guru chattels Article: "Iraq strengthens its reserves of gold to 96 tons" Countries such as Iraq, India, China and Kazakhstan were among the top gold buyers in 2018. According to data, Iraq increased its reserves last year by 6.45 tons, bringing its total gold holdings to 96.3 tons.
2-20-2019 Intel Guru MarkZ It’s Wait and See Wednesday today. We still do not have word from Iraq whether or not the rate has changed. Hope to know more this afternoon. In the banking system – they are still expectant for anytime. Big banks are all done and ready with the new banking system. Regional banks are scheduled to be done updating to new banking system mid-March. We are planning on using the big banks to exchange and they are ready.
2-20-2019 Newshound Guru Adam Montana I spend hours every day researching and communicating with my people on the Iraqi Dinar, international business, asset protection, etc...There are people I work with who know how important it is to get me my information by Tuesday, and are extremely dedicated to their roles... Today is short and sweet. There is nothing negative to report - Parliament is working, OIL is still going the right way, and my gut tells me they are just kicking a few last details around. If something counter productive were to happen right now, I'd take a harder look at things... but that's not the case. Everything is lining up! Parliament: still working, and working effectively. OIL: still moving towards $60, and doing it steadily. The only thing we can ask for right now is that BOOM! HCL news. Keep your heads on straight! This really feels like the home stretch.
2-20-2019 Intel Guru Bruce ...the sources we normally have are sending icons with zipped up mouths. It is like nope, zipped up, can’t communicate, can’t talk. To me that is a great sign. That tells us things are going on behind the scenes. ...It is done for our own safety and security. I am sure the security of the timing not only for us, but for banks, financial institutions, for many reasons, and so it is kind of quiet out there for a reason. I am excited...I know we are very close. [post 2 of 2]
2-20-2019 Intel Guru Bruce Iraq is pretty much out of the conversation. All we are looking Iraq for now is where are their rates. We are seeing movement on the screens today. We seen where they have reached a certain point and then start backing down a little bit. Same thing on the Dong. ... something on the front screens about $5.00 or so on the Dong right now and somewhere in the $5.60 - $5.70 range on the Dinar. The Vietnamese Dong may end up when it settles in being within 10% of the Dinar. ...We are hearing very good things about this being our week... I feel like where we are with everything that is moving forward that we are in that zone. We are in the red zone. [post 1 of 2....stay tuned]
2-19-2019 *** Dinar Guru News Update *** The CBI has crossed the 2% for 90 Days rule for the Iraq Exchange Market. The CBI had accomplished this for the Baghdad Market last summer. The CBI began reporting the Iraq Market rate on November 14, 2018 which included three decimal places. You can follow the Official rate and Market rate in the left column of this page. Some gurus feel these rate must be within 2% of each other before the IMF can consider the dinar for Article VIII. Stay tuned as the gurus chime in on the significance of this milestone. The latest guru post will continue below...
2-19-2019 Newshound Guru chattels Article: "Tuesday, February 19, 2019 Security In Iraq Feb 8-14, 2019" There was another week with few security incidents in Iraq. For almost four months now the country has averaged 20-30 security events each week and the second week of February was no different.
2-19-2019 Newshound Guru Kaperoni If and when the CBI begins to float the dinar it could take 6 months to 2 years to delete the zeros (raise the value enough where the zeros are gone). Remember if the CBI is going to do this event it will be in conjunction with investment capital coming to Iraq. The more capital the greater the inflationary pressure meaning the faster it could rise. The 2012 IMF Article IV Consultation with Iraq descibed the process and event as the Balassa-Samuelson effect.
2-19-2019 Intel Guru MarkZ To me its always been a question of “when” not “if” as I have seen so much going on in the background of this. I am very hyped up to see a change in value in Iraq this week. My contact in Iraq (Stewart) is hearing it may happen on Wednesday. ...Rates we all still hearing are $4:40 dinar …..$2 -2.20 dong… I believe the banks will be perfectly safe to exchange into. They have done so many upgrades and testing...I would not be worried to use the banks. I definitely do not think we will get out of February without seeing the RV.
2-19-2019 Intel Guru Delta [IMO, Once we see the Cab. members seated, we will see 3 zero deleted.] HOW ABOUT WHEN WE SEE 3 ZEROS DELETED...WILL SEE CAB MEMBER SEATED...
2-19-2019 Newshound Guru Kaperoni Things have been pretty uneventful...the last few weeks or so because Parliament has been on recess. Look for things to pick up in March...
2-19-2019 Newshound Guru Kaperoni If and when the CBI begins to float the dinar it could take 6 months to 2 years to delete the zeros (raise the value enough where the zeros are gone). Remember if the CBI is going to do this event it will be in conjunction with investment capital coming to Iraq. The more capital the greater the inflationary pressure meaning the faster it could rise. The 2012 IMF Article IV Consultation with Iraq descibed the process and event as the Balassa-Samuelson effect.
2-19-2019 Intel Guru MarkZ To me its always been a question of “when” not “if” as I have seen so much going on in the background of this. I am very hyped up to see a change in value in Iraq this week. My contact in Iraq (Stewart) is hearing it may happen on Wednesday. ...Rates we all still hearing are $4:40 dinar …..$2 -2.20 dong… I believe the banks will be perfectly safe to exchange into. They have done so many upgrades and testing...I would not be worried to use the banks. I definitely do not think we will get out of February without seeing the RV.
2-19-2019 Intel Guru Delta [IMO, Once we see the Cab. members seated, we will see 3 zero deleted.] HOW ABOUT WHEN WE SEE 3 ZEROS DELETED...WILL SEE CAB MEMBER SEATED...
2-19-2019 Newshound Guru Kaperoni Things have been pretty uneventful...the last few weeks or so because Parliament has been on recess. Look for things to pick up in March...
2-18-2019 Intel Guru RayRen98 [via smitty76] BANK SOURCE CALLED THIS MORNING - SAID GET READY FOR AN EXCITING WEEK! ...TIME WILL TELL.
2-18-2019 Intel Guru Delta [Delta you are saying the T&T [Taxes & Tariffs are FULLY implemented as of now?] YES. [May I ask if you have seen a rate change on the Arabic side of the CBI? With T & T fired off I would expect that the rate change should AT LEAST be showing on the Arabic side of the CBI according to what we all believe to be happening.] NOT YET... [May I ask if you have seen or heard anything regarding the Iraqi citizens and their reactions to the new price increases? ] ...IT MIGHT TAKE A WEEK OR SO UNTIL CITIZENS FEEL IT...BUT IT'S COMING.
2-18-2019 Intel Guru MarkZ I was told yesterday that we would see all kinds of movement on all fronts and we are scratching our heads today because we didn’t see what we expected...I am reaching out to many sources...we were very much expecting it this weekend...We are still expecting it for the week...I really believe we are that close...I have good sources in Iraq and Iraq has a lot going on but they are hiding info about the RV. We hope to know lots more later today.
2-18-2019 Newshound/Intel Guru Mnt Goat I want to make one other point here too and that is the connection of the RV to the Iranian influence and militias. So how can they stop the auctions and launch the lower denoms and thus raise the rate if the militias are going to cause trouble and spread counterfeit currency only causing a disaster in the dinar rate anyhow. So like I have been saying all along, they must get rid of the Iranian influence if they are ever going to RV. [post 2 of 2]
2-18-2019 Intel Guru RayRen98 Iraq is reporting that the vote on the cabinet will be completed at the first session in March. Parliament is to host Saleh and Mahdi at its first session on March 4 to develop strategies and maneuvers for combating corruption. All of the Green Zone will be open for 24 hours on a "test" basis. The Tariffs and Taxes supposedly started today, details are still difficult to obtain.
2-18-2019 Intel Guru Delta VERY INTERESTING NEVER SEEN THIS BEFORE...
Iraq customs
Apply for visa
Free import
• 200 cigarettes or
• 50 cigars or
• 250 grammes of tobacco
• Up to 1 litre in wines or spirits
• 500 ml of perfume in two small opened bottles
• Up to 25 Dinars can be imported and sums no greater than 5 Dinars can be exported out of the country.
[...with program rate on dinars why bother with the export of dinars or import of dinars.] [...the CBI still says 1190...] IMO NOT FOR LONG...
2-18-2019 Intel Guru Delta [Delta you are saying the T&T [Taxes & Tariffs are FULLY implemented as of now?] YES. [May I ask if you have seen a rate change on the Arabic side of the CBI? With T & T fired off I would expect that the rate change should AT LEAST be showing on the Arabic side of the CBI according to what we all believe to be happening.] NOT YET... [May I ask if you have seen or heard anything regarding the Iraqi citizens and their reactions to the new price increases? ] ...IT MIGHT TAKE A WEEK OR SO UNTIL CITIZENS FEEL IT...BUT IT'S COMING.
2-18-2019 Intel Guru MarkZ I was told yesterday that we would see all kinds of movement on all fronts and we are scratching our heads today because we didn’t see what we expected...I am reaching out to many sources...we were very much expecting it this weekend...We are still expecting it for the week...I really believe we are that close...I have good sources in Iraq and Iraq has a lot going on but they are hiding info about the RV. We hope to know lots more later today.
2-18-2019 Newshound/Intel Guru Mnt Goat I want to make one other point here too and that is the connection of the RV to the Iranian influence and militias. So how can they stop the auctions and launch the lower denoms and thus raise the rate if the militias are going to cause trouble and spread counterfeit currency only causing a disaster in the dinar rate anyhow. So like I have been saying all along, they must get rid of the Iranian influence if they are ever going to RV. [post 2 of 2]
2-18-2019 Intel Guru RayRen98 Iraq is reporting that the vote on the cabinet will be completed at the first session in March. Parliament is to host Saleh and Mahdi at its first session on March 4 to develop strategies and maneuvers for combating corruption. All of the Green Zone will be open for 24 hours on a "test" basis. The Tariffs and Taxes supposedly started today, details are still difficult to obtain.
2-18-2019 Intel Guru Delta VERY INTERESTING NEVER SEEN THIS BEFORE...
Iraq customs
Apply for visa
Free import
• 200 cigarettes or
• 50 cigars or
• 250 grammes of tobacco
• Up to 1 litre in wines or spirits
• 500 ml of perfume in two small opened bottles
• Up to 25 Dinars can be imported and sums no greater than 5 Dinars can be exported out of the country.
[...with program rate on dinars why bother with the export of dinars or import of dinars.] [...the CBI still says 1190...] IMO NOT FOR LONG...
2-17-2019 Intel Guru MarkZ In Iraq: I have heard from a contact, not my contact.. they are saying there is all kinds of movements and announcements, but it’s being covered up for now. The people in Iraq were expecting to see big things this weekend on their monitary policy. I am still very excited to see the RV at any time….and I am not one to call it everyday. ...If the US keeps dragging their feet about releasing the RV- Iraq can just do it….they are already asset backed. They have been patient but Iraq’s patience is almost gone.
2-17-2019 Newshound/Intel Guru Mnt Goat Article: "THE FUTURE FATE OF THE IRAQI CURRENCY AUCTIONS" ...these currency auctions are doing more harm to Iraq than good. They are no longer necessary and outlived their usefulness. They were supposed to help Iraq get through the sanctions but apparently now they are helping Iran through their sanctions using Iraqi funds. ...when the CBI tells us there is still POLITICAL INSTABILITY and ECONOMIC INSTABILITY this is what they mean. So now we get some insight as to what they have been saying all along. We now know the situation as to why the NSA stopped the RV twice in January. [post 1 of 2....stay tuned]
2-17-2019 Newshound Guru MilitiaMan Article: "Customs: We will begin the unification of customs procedures at all ports as of tomorrow" ...They moved it up from the 17th, so for those that suggest Iraq is always late, they in fact this time early... I love that pattern change.. Bring on the lifting of the exchange rate with no lag time.. lol …Then we await the lifting of the three zeros from the exchange rate, thus, CBI should be screaming at us...lol.
2-17-2019 Newshound/Intel Guru Mnt Goat Article: "THE FUTURE FATE OF THE IRAQI CURRENCY AUCTIONS" ...these currency auctions are doing more harm to Iraq than good. They are no longer necessary and outlived their usefulness. They were supposed to help Iraq get through the sanctions but apparently now they are helping Iran through their sanctions using Iraqi funds. ...when the CBI tells us there is still POLITICAL INSTABILITY and ECONOMIC INSTABILITY this is what they mean. So now we get some insight as to what they have been saying all along. We now know the situation as to why the NSA stopped the RV twice in January. [post 1 of 2....stay tuned]
2-17-2019 Newshound Guru MilitiaMan Article: "Customs: We will begin the unification of customs procedures at all ports as of tomorrow" ...They moved it up from the 17th, so for those that suggest Iraq is always late, they in fact this time early... I love that pattern change.. Bring on the lifting of the exchange rate with no lag time.. lol …Then we await the lifting of the three zeros from the exchange rate, thus, CBI should be screaming at us...lol.
2-16-2019 Intel Guru Frank26 Article: "Customs: We will begin the unification of customs procedures at all ports as of tomorrow" CAN YOU SAY INTERNATIONALISM ? YES I CAN...SO CAN IRAQ!! AND BTW...TOLD YOU SO...LOL.
2-16-2019 Intel Guru Delta Article: "Customs: We will begin the unification of customs procedures at all ports as of tomorrow" Mawazine News. published the new pricing of customs in all ports of Iraq custom base on international code...pricing base on international code.
2-16-2019 Intel Guru MarkZ I am still hearing there will be no taxes on Dinar and dong exchanges...There is a tax treaty involved with this. [Always consult with your tax professional at the appropriate time] ...Waiting for news out of Iraq...hopefully we will hear by tonight. Expecting to see news from [Guru] Frank26...he is the best source on Iraq...expecting a whole lot out of CBI today...I am also hearing there will be great security at the bank..and in the parking lot...I am not worried about security...There is a good chance I will be doing another update today. Based on what I'm hearing and reading...As far as rates I am hearing street rate dinar 4.43 dong..2.20 to 2.25. Hopefully I will know more later today... [post 2 of 2]
2-16-2019 Intel Guru MarkZ I was told years ago during the Obama administration that the RV/GCR needed a 3-day weekend and a national emergency to release it. They might need the ability to close the borders when this goes. That administration and the Bush administration did not want the reset. The Trump administration is pushing for it. I am very excited for this weekend...so many things I was told we needed are lined up right now...I was told there may be one more document that President Trump needs to sign today to release the paymasters funds. Hopefully we will know more by the end of tonight...a lot of anticipations for today through Tuesday...I am hearing WF is release bank and HSBC as well...800#'s will be out soon and we should be in the banks by Tuesday... [post 1 of 2....stay tuned]
2-16-2019 Intel Guru ADMINBILL "Another Saturday night and we ain't got no money..." love Sam Cooke. It's still a great day so keep your spirits elevated and a grin on your face. From my sources it shouldn't be long before the [grin] becomes much bigger.
2-16-2019 Newshound/Intel Guru Mnt Goat Article...December 10, 2014: "RAFIDAIN BANK IN DHI QAR CONFIRMS THAT THE INTRODUCTION OF ATM DEPENDS ON THE CURRENCY" Quote: "...the introduction of ATM in the markets and banks ARE SUBJECT TO THE IMPLEMENTATION OF THE DECISION TO DELETE ZEROS FROM THE IRAQI CURRENCY..." ...don’t anyone tell me that bringing these ATMs online and filling them with dinar is not part of the plan of project to delete the zeros. Here is the article in black and white...Here is the proof.
2-16-2019 Intel Guru Delta Article: "Customs: We will begin the unification of customs procedures at all ports as of tomorrow" Mawazine News. published the new pricing of customs in all ports of Iraq custom base on international code...pricing base on international code.
2-16-2019 Intel Guru MarkZ I am still hearing there will be no taxes on Dinar and dong exchanges...There is a tax treaty involved with this. [Always consult with your tax professional at the appropriate time] ...Waiting for news out of Iraq...hopefully we will hear by tonight. Expecting to see news from [Guru] Frank26...he is the best source on Iraq...expecting a whole lot out of CBI today...I am also hearing there will be great security at the bank..and in the parking lot...I am not worried about security...There is a good chance I will be doing another update today. Based on what I'm hearing and reading...As far as rates I am hearing street rate dinar 4.43 dong..2.20 to 2.25. Hopefully I will know more later today... [post 2 of 2]
2-16-2019 Intel Guru MarkZ I was told years ago during the Obama administration that the RV/GCR needed a 3-day weekend and a national emergency to release it. They might need the ability to close the borders when this goes. That administration and the Bush administration did not want the reset. The Trump administration is pushing for it. I am very excited for this weekend...so many things I was told we needed are lined up right now...I was told there may be one more document that President Trump needs to sign today to release the paymasters funds. Hopefully we will know more by the end of tonight...a lot of anticipations for today through Tuesday...I am hearing WF is release bank and HSBC as well...800#'s will be out soon and we should be in the banks by Tuesday... [post 1 of 2....stay tuned]
2-16-2019 Intel Guru ADMINBILL "Another Saturday night and we ain't got no money..." love Sam Cooke. It's still a great day so keep your spirits elevated and a grin on your face. From my sources it shouldn't be long before the [grin] becomes much bigger.
2-16-2019 Newshound/Intel Guru Mnt Goat Article...December 10, 2014: "RAFIDAIN BANK IN DHI QAR CONFIRMS THAT THE INTRODUCTION OF ATM DEPENDS ON THE CURRENCY" Quote: "...the introduction of ATM in the markets and banks ARE SUBJECT TO THE IMPLEMENTATION OF THE DECISION TO DELETE ZEROS FROM THE IRAQI CURRENCY..." ...don’t anyone tell me that bringing these ATMs online and filling them with dinar is not part of the plan of project to delete the zeros. Here is the article in black and white...Here is the proof.
2-15-2019 Intel Guru Delta Article: "Customs: The implementation of the agreement signed with Kurdistan as of tomorrow 15-02-2019" ADDING TAXES MEANS PRICES HAVE TO INCREASE AT LEAST BY 10 -30%...THAT WILL CAUSE INFLATION IN PRICES INSIDE IRAQ AND DEMONSTRATION FROM IRAQI...SO THE GOV AND CBI HAVE TO GIVE SOME POWER OF PURCHASE...STARTING THE TAXES FINALLY AFTER SO MANY YEARS IS ONE OF THE BEST NEWS SO FAR SHOULD GET ALL OF US HAPPY...THERE WAS ONLY 2 THINGS LIFT FOR THEM TO BE ABLE TO MOVE TO ARTICLE VIII... 1 - TAXES...WILL BE DONE TOMORROW... 2 - LIFT THE 000 ZEROS...
2-15-2019 Newshound/Intel Guru Mnt Goat ...old article from 2014... Article: "DELETION OF ZEROS IN 2014 NOW EARLY 2015...PROJECT IS READY AND IMPLEMENTATION OF A DEFERRED PROJECT" It is now already 2019 and so four years plus passed already. Where is the RV? This project to delete the zeros is so long, long overdue. Each time we go through an election cycle with a new government we have to start convincing everyone all over again to do it and the importance of it. I think we are so close I can hardly wait.
2-15-2019 Newshound Guru Adam Montana I'm actually very pleased to see the steady growth of oil, rather than a sudden spike. This "controlled growth" is exactly what I would want if I were Captain of the CBI, because it shows stability in the main area that needs it. All of these things are coming together for us, creating the perfect situation. Obviously things can, and will, come up. I don't have an exact date for you, and I never will. But that sure won't stop me from being excited about what we're in the middle of right now! Overall, things are just looking dandy. [post 2 of 2]
2-15-2019 Newshound Guru Adam Montana The RV train is still chugging along, with nothing but positive steam powering these updates...suffice it to say that we're in a pretty spot! NOTHING has detracted from the good news on HCL. WE STILL have momentum on the budget, which is currently WAY AHEAD OF NORMAL. And I'll sweeten it up just a little bit with this - you remember that $60 mark I mentioned about a month ago? YEP, STILL GOING THE RIGHT WAY! Oil is creeping up on $56 as I write this. That's halfway to my mark of $60...and going strong! [post 1 of 2....stay tuned]
2-15-2019 Intel Guru Bruce ...let’s talk about screen rates today...as far as we are concerned rates are on the screens. They are moving up. The UN Operational Rate pages are available for the 15th and the 1st of the month...So those come up and should be good with our new rates for these many currencies we know and talk about, and should be applicable tomorrow, February 15th, be the effective date for the rates that are populating now. I think we have finally came to the end of this ride. ...I am excited about what could happen between now and Monday. Everybody just stay tuned. [post 2 of 2]
2-15-2019 Intel Guru Bruce [via PinkRoses] ...Let’s start with Iraq...Their ATMs are lined up and ready to go...they are finally going to activate their ATM machines...So that would mean the ATM machines will be able to take Iraqi dinar, USTN, our new dollars, and be able to convert those also to Iraqi dinar also. That is supposed to start on Saturday...we will see how that comes out. ...I think the oil and gas law is to be put into action and into law...I believe the voting is done on that. It has been done for weeks now, but as far as implementation of that law...it should occur Sunday or Monday in Iraq. [post 1 of 2....stay tuned]
2-15-2019 Intel Guru RayRen98 Iraq TV is broadcasting the United Nations giving Iraq a warning that further severe repercussions could result of their delay in forming their government. The Deputy to Parliament reportedly stated that all of the recovered money would be pointless to Iraq if it is not based on international rates thus enabling them to compete with the rest of world. ...Rates are again visible to some bank sources...Zim $0.24 - Dinar $4.43 - Dong $1.37. TIME WILL TELL what happens next!
2-15-2019 Newshound/Intel Guru Mnt Goat ...old article from 2014... Article: "DELETION OF ZEROS IN 2014 NOW EARLY 2015...PROJECT IS READY AND IMPLEMENTATION OF A DEFERRED PROJECT" It is now already 2019 and so four years plus passed already. Where is the RV? This project to delete the zeros is so long, long overdue. Each time we go through an election cycle with a new government we have to start convincing everyone all over again to do it and the importance of it. I think we are so close I can hardly wait.
2-15-2019 Newshound Guru Adam Montana I'm actually very pleased to see the steady growth of oil, rather than a sudden spike. This "controlled growth" is exactly what I would want if I were Captain of the CBI, because it shows stability in the main area that needs it. All of these things are coming together for us, creating the perfect situation. Obviously things can, and will, come up. I don't have an exact date for you, and I never will. But that sure won't stop me from being excited about what we're in the middle of right now! Overall, things are just looking dandy. [post 2 of 2]
2-15-2019 Newshound Guru Adam Montana The RV train is still chugging along, with nothing but positive steam powering these updates...suffice it to say that we're in a pretty spot! NOTHING has detracted from the good news on HCL. WE STILL have momentum on the budget, which is currently WAY AHEAD OF NORMAL. And I'll sweeten it up just a little bit with this - you remember that $60 mark I mentioned about a month ago? YEP, STILL GOING THE RIGHT WAY! Oil is creeping up on $56 as I write this. That's halfway to my mark of $60...and going strong! [post 1 of 2....stay tuned]
2-15-2019 Intel Guru Bruce ...let’s talk about screen rates today...as far as we are concerned rates are on the screens. They are moving up. The UN Operational Rate pages are available for the 15th and the 1st of the month...So those come up and should be good with our new rates for these many currencies we know and talk about, and should be applicable tomorrow, February 15th, be the effective date for the rates that are populating now. I think we have finally came to the end of this ride. ...I am excited about what could happen between now and Monday. Everybody just stay tuned. [post 2 of 2]
2-15-2019 Intel Guru Bruce [via PinkRoses] ...Let’s start with Iraq...Their ATMs are lined up and ready to go...they are finally going to activate their ATM machines...So that would mean the ATM machines will be able to take Iraqi dinar, USTN, our new dollars, and be able to convert those also to Iraqi dinar also. That is supposed to start on Saturday...we will see how that comes out. ...I think the oil and gas law is to be put into action and into law...I believe the voting is done on that. It has been done for weeks now, but as far as implementation of that law...it should occur Sunday or Monday in Iraq. [post 1 of 2....stay tuned]
2-15-2019 Intel Guru RayRen98 Iraq TV is broadcasting the United Nations giving Iraq a warning that further severe repercussions could result of their delay in forming their government. The Deputy to Parliament reportedly stated that all of the recovered money would be pointless to Iraq if it is not based on international rates thus enabling them to compete with the rest of world. ...Rates are again visible to some bank sources...Zim $0.24 - Dinar $4.43 - Dong $1.37. TIME WILL TELL what happens next!
2-14-2019 Newshound/Intel Guru Mnt Goat ...Remember as I said many times we will see a rate change within Iraq as close to 1000 dinars or lower per USD first, then the CBI must launch the smaller notes or the economy will not have any currency they can work with. So now we see the CBI program rate as record lows coming into this week and so we should expect it even much lower and then the launching of first the 25, 50 and 100 dinar notes, as promised would happen at this time. Stay tuned it is all good. [post 2 of 2]
2-14-2019 Newshound/Intel Guru Mnt Goat Article: "CURRENCY STRUCTURE: CENTRAL BANK PREPARES TO DELETE 3 ZEROS OF IRAQI CURRENCY" ...this article ...is only from Nov of last year...not too long ago. Okay so here is the beginning of the re-education process I said would begin a months before the reinstatement would happen. Remember the CBI must first wait for the right environment to launch the rest of these lower smaller category notes. Now they are telling us the time is just around the corner. This is exactly what we wanted to hear and needed to hear at this time. [post 1 of 2....stay tuned]
2-14-2019 Newshound Guru MilitiaMan ...articles are out about CONTRACTS...They have to be adjusted accordingly...Let the CONTRACT's adjusting to a new rate sink in... The Pres signed the 2019 budget on the 4th... Note the articles about Contracts use the word Implementation... So aside from the time line, think about it. Contracts and pricing of goods, needs to be done as well. They imo won't or can't put pricing off for long.. We have not heard Taxes and Tariffs being put off or extended...Now think about it...02/04/19 and 10 days less the weekend of two days...Puts Kurds talk of 02/17 for implementation of T & Ts or even the federal budget law to install contracts, imo, right on time...
2-14-2019 Newshound Guru Kaperoni ...There no RV. Once the GOI is formed (Still missing 4 cabinet members), parliament returns, begins passing laws we may see the CBI move to a float.
2-14-2019 Intel Guru Delta Article: “After the adoption of a tariff as a unified customs .. Will the price of cars rise?” ...SO THIS TAX APPLY ONLY FOR CARS OVER $50K...OTHER PRODUCT WILL BE COLLECT BY DINARS AS I KNOW...BUT EITHER WAY THE PRICES WILL INCREASE NO MATTER WHAT AND THAT WILL CAUSE A HIGH INFLATION...BUT THE BEST PART AT ALL IS THAT THIS TIME THE TAXES ARE ON...FINALLY...
2-14-2019 Newshound/Intel Guru Mnt Goat Article: "CURRENCY STRUCTURE: CENTRAL BANK PREPARES TO DELETE 3 ZEROS OF IRAQI CURRENCY" ...this article ...is only from Nov of last year...not too long ago. Okay so here is the beginning of the re-education process I said would begin a months before the reinstatement would happen. Remember the CBI must first wait for the right environment to launch the rest of these lower smaller category notes. Now they are telling us the time is just around the corner. This is exactly what we wanted to hear and needed to hear at this time. [post 1 of 2....stay tuned]
2-14-2019 Newshound Guru MilitiaMan ...articles are out about CONTRACTS...They have to be adjusted accordingly...Let the CONTRACT's adjusting to a new rate sink in... The Pres signed the 2019 budget on the 4th... Note the articles about Contracts use the word Implementation... So aside from the time line, think about it. Contracts and pricing of goods, needs to be done as well. They imo won't or can't put pricing off for long.. We have not heard Taxes and Tariffs being put off or extended...Now think about it...02/04/19 and 10 days less the weekend of two days...Puts Kurds talk of 02/17 for implementation of T & Ts or even the federal budget law to install contracts, imo, right on time...
2-14-2019 Newshound Guru Kaperoni ...There no RV. Once the GOI is formed (Still missing 4 cabinet members), parliament returns, begins passing laws we may see the CBI move to a float.
2-14-2019 Intel Guru Delta Article: “After the adoption of a tariff as a unified customs .. Will the price of cars rise?” ...SO THIS TAX APPLY ONLY FOR CARS OVER $50K...OTHER PRODUCT WILL BE COLLECT BY DINARS AS I KNOW...BUT EITHER WAY THE PRICES WILL INCREASE NO MATTER WHAT AND THAT WILL CAUSE A HIGH INFLATION...BUT THE BEST PART AT ALL IS THAT THIS TIME THE TAXES ARE ON...FINALLY...
2-13-2019 Newshound/Intel Guru Mnt Goat Article: "DANNAIR PUBLISHES THE FEATURES OF THE NEW IRAQI CURRENCY AFTER THE DELETION OF ZEROS" ...article from 2012. We know without doubt that the CBI under Dr Shabibi planned to RV in Jan 2013 and thus was educating the people on the new currency in 2012. This is they type of education we are still looking for... So we know the new smaller categories are all printed and ready to be launched since 2012.
2-13-2019 Newshound Guru MilitiaMan Article: "The Association of Iraqi Private Banks Organizes a Workshop «Automated Taxation on Direct Deduction Tax" Electronic and automatic taxation.. New and improved...I am if the view they mean business and the Iraq Private Banks are going to be a huge part of the reconstruction effort...Massive amounts of money will be moved through them especially once they are fully Article 8 compliant with a new non program rate...Alak the phone is ringing...lol.
2-13-2019 Intel Guru ADMINBILL ...Chase Bank worried about heavy call load in coming days.? Are the 14th, 15th, 18th and 19th possibly go days?...
2-13-2019 Newshound Guru Adam Montana Article: "Barzani meets with Mahdi re: HCL (?)" For those of you that don't know, the HCL is possibly/probably the last thing we need to see for an RV. Quote: "the agreement will be signed between the leadership of the two parties soon" We all love the word "soon", but this time... it's looking very, very real. Quote: "the implementation of even two thirds of the terms of the agreement, which is scheduled to be signed on the 18th of this month" Two thirds or more is PLENTY to suit our needs! Quote: "The draft agreement includes 18 items... especially the proceeds of natural resources" FYI, this is HCL. Plain and simple. There is a LOT of excitement around here concerning the middle of the month. This is a big part of that excitement. I won't encourage anyone to get too excited, but I'm also not going to downplay this one... this is BIG. We are in the best situation for an RV that I have ever witnessed.
2-13-2019 Intel Guru Frank26 SOMETHING TO CONSIDER. THE CBI HAS VATICINATED... PROGNOSTICATED THAT THERE IS NO DELAY IN THE LIFTING OF THE THREE ZERO'S FROM THEIR EXCHANGE RATE. FASCINATING... WHY ARGUE WITH THAT? ...WHY FIND BANDY IN SUCH AN INSPIRING AND FIRM POSTULATION? ESPECIALLY WHEN IMO...THE USA GAVE THEM THIS CONVICTION!!!
2-13-2019 Intel Guru Bruce ...my understanding was you have an Internationally known rate on their dinar. Did you realize Vietnamese Dong is going to be fairly close to the rate of the Iraqi Dinar on the front screens? I mean it could get within 8% to 10% of the Dinar. ...In fact China wanted the Dong to be on par with the Dinar, but i think it is going to be within 8% to 10% of it. So I will say this, the Dinar is fast approaching $7.00. That will give you some idea what I am talking about. ...We are looking very strong for the remainder of this week...I am going to say I am encouraged. I am excited. [post 2 of 2]
2-13-2019 Intel Guru Bruce ...sometimes i get information that is a little better than normal or it is different or gives us indication that something has happened that we didn’t know about before. That is sort of what happened today. We got little bits and pieces of things that pointed together the timing which is in this week. It may not even not be two days away. It is that close... We are looking forward to possibly 3 different announcements coming together for us the next day or so. [post 1 of 2....stay tuned]
2-13-2019 Intel/Newshound Guru sandyf cbi has stated many times "restore and or increase purchasing power of the dinar" Many seem to think that statement means "restore and or increase purchasing power of the IQD", but it is not the case. Zambia increased the purchasing power of the Kwacha, by deleting 3 zeros.
2-13-2019 Newshound Guru MilitiaMan Article: "The Association of Iraqi Private Banks Organizes a Workshop «Automated Taxation on Direct Deduction Tax" Electronic and automatic taxation.. New and improved...I am if the view they mean business and the Iraq Private Banks are going to be a huge part of the reconstruction effort...Massive amounts of money will be moved through them especially once they are fully Article 8 compliant with a new non program rate...Alak the phone is ringing...lol.
2-13-2019 Intel Guru ADMINBILL ...Chase Bank worried about heavy call load in coming days.? Are the 14th, 15th, 18th and 19th possibly go days?...
2-13-2019 Newshound Guru Adam Montana Article: "Barzani meets with Mahdi re: HCL (?)" For those of you that don't know, the HCL is possibly/probably the last thing we need to see for an RV. Quote: "the agreement will be signed between the leadership of the two parties soon" We all love the word "soon", but this time... it's looking very, very real. Quote: "the implementation of even two thirds of the terms of the agreement, which is scheduled to be signed on the 18th of this month" Two thirds or more is PLENTY to suit our needs! Quote: "The draft agreement includes 18 items... especially the proceeds of natural resources" FYI, this is HCL. Plain and simple. There is a LOT of excitement around here concerning the middle of the month. This is a big part of that excitement. I won't encourage anyone to get too excited, but I'm also not going to downplay this one... this is BIG. We are in the best situation for an RV that I have ever witnessed.
2-13-2019 Intel Guru Frank26 SOMETHING TO CONSIDER. THE CBI HAS VATICINATED... PROGNOSTICATED THAT THERE IS NO DELAY IN THE LIFTING OF THE THREE ZERO'S FROM THEIR EXCHANGE RATE. FASCINATING... WHY ARGUE WITH THAT? ...WHY FIND BANDY IN SUCH AN INSPIRING AND FIRM POSTULATION? ESPECIALLY WHEN IMO...THE USA GAVE THEM THIS CONVICTION!!!
2-13-2019 Intel Guru Bruce ...my understanding was you have an Internationally known rate on their dinar. Did you realize Vietnamese Dong is going to be fairly close to the rate of the Iraqi Dinar on the front screens? I mean it could get within 8% to 10% of the Dinar. ...In fact China wanted the Dong to be on par with the Dinar, but i think it is going to be within 8% to 10% of it. So I will say this, the Dinar is fast approaching $7.00. That will give you some idea what I am talking about. ...We are looking very strong for the remainder of this week...I am going to say I am encouraged. I am excited. [post 2 of 2]
2-13-2019 Intel Guru Bruce ...sometimes i get information that is a little better than normal or it is different or gives us indication that something has happened that we didn’t know about before. That is sort of what happened today. We got little bits and pieces of things that pointed together the timing which is in this week. It may not even not be two days away. It is that close... We are looking forward to possibly 3 different announcements coming together for us the next day or so. [post 1 of 2....stay tuned]
2-13-2019 Intel/Newshound Guru sandyf cbi has stated many times "restore and or increase purchasing power of the dinar" Many seem to think that statement means "restore and or increase purchasing power of the IQD", but it is not the case. Zambia increased the purchasing power of the Kwacha, by deleting 3 zeros.
2-12-2019 Newshound/Intel Guru Mnt Goat Article: "IN RAISING AND ENHANCING THE VALUE OF THE CURRENCY DINAR PURCHASING POWER" So again we see that they are talking about withdrawing the dinar from the market place, as they have already done. Sounds like to me the realize that at some point they must increase the purchasing power, thus the rate.
2-12-2019 Newshound/Intel Guru Mnt Goat 3. I want to point out that in 2003 we were told that the cash volume in the markets to be issued for the money supply was 170 Trillion. So we can now see once again they are maintaining well below the 2/3 (about 57 trillion) dinars withdrawal of the planned current cash volume, as part of the “project to delete the zeros”. So we can see they still have room to issue more currency, if needed to fulfill cash volume. But this is one tool they are keeping inflation down. [post 2 of 2]
2-12-2019 Newshound/Intel Guru Mnt Goat A couple golden nuggets here in this article: 1. We find out they still plan to do the project to delete the zeros. 2. They did in fact plan to do it before now but it was postponed again. Timing of the article proves they did have it planned for January. Why postponed? ...I quote from the article - “but security events and the control of the state regulation on five provinces led to delay”. So we are NOT waiting for the economy to grow and the private sector to take over to raise the rate. Get it? [post 1 of 2....stay tuned]
2-12-2019 Newshound Guru MilitiaMan So, with the budget behind us and [Guru] Frank suggesting they are working it effectively backwards, therefore, in the coming hours, days, etc.., could be very eventful, as from the looks of it an announcement, 2nd article and rate may be all that is needed now. They told us they will have the borders prepared to get taxes and tariffs by 02/17/209... imo Keep in mind they we have been told over the years once implemented with an international calculation the income may be equal to the oil revenues...So, they are now apparently on board for this now to come to fruition. imo...Fascinating times...imo. [post 2 of 2]
2-12-2019 Newshound Guru MilitiaMan Article: "Central Bank "fabricated" a channel of payment to Tehran to address the debts of gas and electricity" Data in this above article has information that is imo a follow up from [Guru] Frank and [Guru] Delta... They spoke of a continuation of Iran and Iraq's relationship. It is imo in stone and the mechanism is in place now. Iran said they didn't want the IQD in the past and now that has changed. They know when they rate changes both sides may benefit and biggly too. lol. They have a continuation of Financial agreements... As in past tense. [post 1 of 2....stay tuned]
2-12-2019 Newshound/Intel Guru RVAlready [the budget is there now but why are we still here?? i guess the budget published is at the old rate] Again, new rate was never expected in the budget. Just as the US exchange rates are not published in the US budget, the Iraq exchange rates are not shown in the Iraq budget... Congress/ parliaments publish budgets. Banks/markets determine exchange rates.
2-12-2019 Newshound/Intel Guru Mnt Goat 3. I want to point out that in 2003 we were told that the cash volume in the markets to be issued for the money supply was 170 Trillion. So we can now see once again they are maintaining well below the 2/3 (about 57 trillion) dinars withdrawal of the planned current cash volume, as part of the “project to delete the zeros”. So we can see they still have room to issue more currency, if needed to fulfill cash volume. But this is one tool they are keeping inflation down. [post 2 of 2]
2-12-2019 Newshound/Intel Guru Mnt Goat A couple golden nuggets here in this article: 1. We find out they still plan to do the project to delete the zeros. 2. They did in fact plan to do it before now but it was postponed again. Timing of the article proves they did have it planned for January. Why postponed? ...I quote from the article - “but security events and the control of the state regulation on five provinces led to delay”. So we are NOT waiting for the economy to grow and the private sector to take over to raise the rate. Get it? [post 1 of 2....stay tuned]
2-12-2019 Newshound Guru MilitiaMan So, with the budget behind us and [Guru] Frank suggesting they are working it effectively backwards, therefore, in the coming hours, days, etc.., could be very eventful, as from the looks of it an announcement, 2nd article and rate may be all that is needed now. They told us they will have the borders prepared to get taxes and tariffs by 02/17/209... imo Keep in mind they we have been told over the years once implemented with an international calculation the income may be equal to the oil revenues...So, they are now apparently on board for this now to come to fruition. imo...Fascinating times...imo. [post 2 of 2]
2-12-2019 Newshound Guru MilitiaMan Article: "Central Bank "fabricated" a channel of payment to Tehran to address the debts of gas and electricity" Data in this above article has information that is imo a follow up from [Guru] Frank and [Guru] Delta... They spoke of a continuation of Iran and Iraq's relationship. It is imo in stone and the mechanism is in place now. Iran said they didn't want the IQD in the past and now that has changed. They know when they rate changes both sides may benefit and biggly too. lol. They have a continuation of Financial agreements... As in past tense. [post 1 of 2....stay tuned]
2-12-2019 Newshound/Intel Guru RVAlready [the budget is there now but why are we still here?? i guess the budget published is at the old rate] Again, new rate was never expected in the budget. Just as the US exchange rates are not published in the US budget, the Iraq exchange rates are not shown in the Iraq budget... Congress/ parliaments publish budgets. Banks/markets determine exchange rates.
2-11-2019 Newshound Guru Kaperoni There is no indication that the CBI held the Iraqi Finance conference on the 10-11. Going by the official website, they kicked the can down the road to summer.
2-11-2019 Intel Guru RayRen98 [via sunny] ...the banks were expecting us last Monday. This Monday they were expecting us again, so it's starting all over...
2-11-2019 Newshound/Intel Guru RVAlready Article: "The 2019 Iraqi Federal Budget Law has been ratified and published" Yes. Budget is official. Officials who try to steal can be prosecuted for federal crimes and eliminated. We should now be able to exchange. If the banks...have been truthful, we should see $4.40. Hope the banks are ready to get started.
2-11-2019 Intel Guru ADMINBILL I HAVE PIECED TOGETHER INFORMATION FROM SOURCES THAT MAKES ME FEEL THAT WE COULD SEE SOME FORM OF BEGINNING ACTIVITY AS THE WEEK PROGRESSES. THAT DOES NOT MEAN YOU WILL BE IN THE BANKS THIS WEEK OR NEXT BUT I AM OPTIMISTIC FOR YOUR FUTURE. FINGERS AND TOES CROSSED. DON'T QUIT YOUR JOBS!!!
2-11-2019 Newshound/Intel Guru Mnt Goat Aricle quote: "...the ratification of the Presidency of the Republic on the budget makes it considered an effective and enforceable law, which means that the ministries and provincial governments have the RIGHT TO USE THE BUDGET AS A LEGAL BASIS TO IMPLEMENT THEIR PLANS." Here is proof. So if it was true (but its not) that the RV rate was in the budget they would not need it to be published in the gazette to make it legal and be able to implement it and this article is proof once again this is fact...If this was true then why would publication hold up something as important as the RV not to mention this imaginary GCR (also not true).
2-11-2019 Intel Guru Frank26 Article: "Market confidence to drive Vietnam economic growth in 2019" [Do you believe that the Dong is going to increase in value the same time that the Iraqi dinar does, or in close proximity of it Frank?] IMO... LIKE GRENADES AND HORSESHOES...(wink).
2-11-2019 Intel Guru RayRen98 [via sunny] ...the banks were expecting us last Monday. This Monday they were expecting us again, so it's starting all over...
2-11-2019 Newshound/Intel Guru RVAlready Article: "The 2019 Iraqi Federal Budget Law has been ratified and published" Yes. Budget is official. Officials who try to steal can be prosecuted for federal crimes and eliminated. We should now be able to exchange. If the banks...have been truthful, we should see $4.40. Hope the banks are ready to get started.
2-11-2019 Intel Guru ADMINBILL I HAVE PIECED TOGETHER INFORMATION FROM SOURCES THAT MAKES ME FEEL THAT WE COULD SEE SOME FORM OF BEGINNING ACTIVITY AS THE WEEK PROGRESSES. THAT DOES NOT MEAN YOU WILL BE IN THE BANKS THIS WEEK OR NEXT BUT I AM OPTIMISTIC FOR YOUR FUTURE. FINGERS AND TOES CROSSED. DON'T QUIT YOUR JOBS!!!
2-11-2019 Newshound/Intel Guru Mnt Goat Aricle quote: "...the ratification of the Presidency of the Republic on the budget makes it considered an effective and enforceable law, which means that the ministries and provincial governments have the RIGHT TO USE THE BUDGET AS A LEGAL BASIS TO IMPLEMENT THEIR PLANS." Here is proof. So if it was true (but its not) that the RV rate was in the budget they would not need it to be published in the gazette to make it legal and be able to implement it and this article is proof once again this is fact...If this was true then why would publication hold up something as important as the RV not to mention this imaginary GCR (also not true).
2-11-2019 Intel Guru Frank26 Article: "Market confidence to drive Vietnam economic growth in 2019" [Do you believe that the Dong is going to increase in value the same time that the Iraqi dinar does, or in close proximity of it Frank?] IMO... LIKE GRENADES AND HORSESHOES...(wink).
2-10-2019 Newshound/Intel Guru Mnt Goat Article: "KUWAITI NEWSPAPER: IRAQ PAID KUWAIT $ 300 MILLION" Quotes: “Iraq finally paid Kuwait $300 million in payment of a series of compensation owed by Baghdad to Kuwait for the losses and damage suffered by individuals, companies, government and international organizations as a result of the Gulf War.”; "...the payment was resumed at 0.5 percent of Iraq’s revenues starting from 2018, and will increase annually UNTIL THE END OF 2021..." ...just so everyone knows this payment does not have to be repaid completely before they can reinstate the dinar. We are not waiting for 2021. Proof of this was the attempt by Dr Shabibi to reinstate back in 2012-2013. So relax!
2-10-2019 Newshound Guru Kaperoni ...the CBI banking conference (which was scheduled for last fall) and rescheduled for Feb 10/11 has in fact been postponed again to "summer 2019". Some have asked my opinion on this banking event and all I can say is the fact they keep postponing it must be a telling sign that they do not want to hold this event until all their ducks are in place. After all, they advertise "Iraq is open for business" and currently that is not the case. More work still needs to be done...ie currency reform, laws passed etc.
2-10-2019 Intel Guru RayRen98 Iraqi News: The federal budget is ready for implementation by the ministries and the governorates, although not yet published in the Official Gazette. The ratification by the Presidency of the Republic on the budget makes it considered an effective and enforceable law. This gives the ministries and the provincial governments the right to legally use the budget to implement their plans. Iraqi TV reporting Hakeem and Abadi this morning saying how important it is to complete the cabinet As Soon As Possible.
2-10-2019 Newshound Guru MilitiaMan [...The investment conference, which is/was to begin tomorrow (2/10), has now been pushed back to this summer...??] Yes it appears as such and in my opinion, it was due to that they haven't shown the rate yet. I was expecting them to cancel with out it. ...There is nothing bad out there to support we are not in a good place today! Those that were expecting the final rate ahead of the conference, knew in advance if the rate didn't change they would not be having one.. imo..
2-10-2019 Newshound Guru Kaperoni ...the CBI banking conference (which was scheduled for last fall) and rescheduled for Feb 10/11 has in fact been postponed again to "summer 2019". Some have asked my opinion on this banking event and all I can say is the fact they keep postponing it must be a telling sign that they do not want to hold this event until all their ducks are in place. After all, they advertise "Iraq is open for business" and currently that is not the case. More work still needs to be done...ie currency reform, laws passed etc.
2-10-2019 Intel Guru RayRen98 Iraqi News: The federal budget is ready for implementation by the ministries and the governorates, although not yet published in the Official Gazette. The ratification by the Presidency of the Republic on the budget makes it considered an effective and enforceable law. This gives the ministries and the provincial governments the right to legally use the budget to implement their plans. Iraqi TV reporting Hakeem and Abadi this morning saying how important it is to complete the cabinet As Soon As Possible.
2-10-2019 Newshound Guru MilitiaMan [...The investment conference, which is/was to begin tomorrow (2/10), has now been pushed back to this summer...??] Yes it appears as such and in my opinion, it was due to that they haven't shown the rate yet. I was expecting them to cancel with out it. ...There is nothing bad out there to support we are not in a good place today! Those that were expecting the final rate ahead of the conference, knew in advance if the rate didn't change they would not be having one.. imo..
2-9-2019 Intel Guru RayRen98 Iraqi TV broadcasted a member of the Finance Department requesting that all ministries of the government receive a copy of the revised budget and to get it ratified and ready for implementation starting on Monday. Iraqi TV is reporting that the budget will be printed in the gazette "in the next two days" and will be enforced immediately upon its printing. Iraqi TV aired footage of US troops patrolling downtown Baghdad today. US Banks are reporting an "expectation" of exchange activity possibly as early as Monday. Reported IQD screen rates are varying from $4.43 to $4.60...depending on the source. Trying to confirm a possible rumor of exchange activity across the Pond...standby for that one, it could take a while.
2-9-2019 Intel Guru ADMINBILL TO BE CLEAR I AM NOT SUGGESTING THIS WEEKEND. I READ THE TEA LEAVES AND THE INDICATORS ARE POINTING TO SOON. IT'S THE WHEN THAT WE ALL WANT TO KNOW THE ANSWER TO AND ONLY THOSE IN CONTROL KNOW....AND THEY MAY BE LOOKING FOR THE RIGHT TIME. Yes indeed. Another weekend is upon us in Dinarville. But Wait...is there light at the end of the tunnel? My oh my...There IS and it's very bright and getting bigger!
2-9-2019 Newshound Guru ChrisC ...I think WS [Guru Walkingstick] thought this was going to happen last year because it was supposed to and Trump planned for it to. However, as W [Guru Walkingstick] found out with Maliki, Iran swings a big stick in Iraq and these people are hard to control. Realizing that asking politely and even giving them gift upon gift was not going to work, Trump came up with a new strategy...Trump realized he had to choke out the source...I think all of these sanctions that have made them see stars and tap out was to force them to see the RV as a solution and not something they should continue to interfere with. He now has Iran HAPPY to get dinar and looking forward to it rising in value...
2-9-2019 Newshound/Intel Guru Mnt Goat ...I did not say the budget is holding up the RI. ...I said it is foolish to put any one event to say it is holding up the RI... No one knows the date or timing. ...There is no evidence right now that there is any target to RI soon.
2-9-2019 Newshound Guru MilitiaMan Article: "Iraq, New Iranian Central Bank / "New currency" map is on its way?" As Frank [Guru Frank26] is saying INTERNATIONALISM is the theme... Converting Dinar into other currencies like the Euro, Ryial, etc.. The AMF is having a meeting on Saturday in regard to Financial Developments. Well what Financial Developments are staring at us..lol. WS [Guru Walkingstick ?] data imo is AMF / AAD - IMF / SDR 3x type of developments that need to be discussed. Kinda like a huddle just before executing the big play.. We shall see.. Shall we not? lol. Is the NEW CURRENCY map on the way, mean the new currency of Iraq is being delivered or has been around the world? Keep in mind Iran told us they did a deal with electricity today and the payments are settled.. In other words past tense...imo.
2-9-2019 Intel Guru ADMINBILL TO BE CLEAR I AM NOT SUGGESTING THIS WEEKEND. I READ THE TEA LEAVES AND THE INDICATORS ARE POINTING TO SOON. IT'S THE WHEN THAT WE ALL WANT TO KNOW THE ANSWER TO AND ONLY THOSE IN CONTROL KNOW....AND THEY MAY BE LOOKING FOR THE RIGHT TIME. Yes indeed. Another weekend is upon us in Dinarville. But Wait...is there light at the end of the tunnel? My oh my...There IS and it's very bright and getting bigger!
2-9-2019 Newshound Guru ChrisC ...I think WS [Guru Walkingstick] thought this was going to happen last year because it was supposed to and Trump planned for it to. However, as W [Guru Walkingstick] found out with Maliki, Iran swings a big stick in Iraq and these people are hard to control. Realizing that asking politely and even giving them gift upon gift was not going to work, Trump came up with a new strategy...Trump realized he had to choke out the source...I think all of these sanctions that have made them see stars and tap out was to force them to see the RV as a solution and not something they should continue to interfere with. He now has Iran HAPPY to get dinar and looking forward to it rising in value...
2-9-2019 Newshound/Intel Guru Mnt Goat ...I did not say the budget is holding up the RI. ...I said it is foolish to put any one event to say it is holding up the RI... No one knows the date or timing. ...There is no evidence right now that there is any target to RI soon.
2-9-2019 Newshound Guru MilitiaMan Article: "Iraq, New Iranian Central Bank / "New currency" map is on its way?" As Frank [Guru Frank26] is saying INTERNATIONALISM is the theme... Converting Dinar into other currencies like the Euro, Ryial, etc.. The AMF is having a meeting on Saturday in regard to Financial Developments. Well what Financial Developments are staring at us..lol. WS [Guru Walkingstick ?] data imo is AMF / AAD - IMF / SDR 3x type of developments that need to be discussed. Kinda like a huddle just before executing the big play.. We shall see.. Shall we not? lol. Is the NEW CURRENCY map on the way, mean the new currency of Iraq is being delivered or has been around the world? Keep in mind Iran told us they did a deal with electricity today and the payments are settled.. In other words past tense...imo.
2-8-2019 Newshound/Intel Guru Mnt Goat 4. Abdul Jalil is asking – Why did we do all this international banking reforms and comprehensive electronic banking reforms, if we are not going to raise the zeros from the currency? He alludes to the fact that he thought this was part of the reason for all this past work. So where is it then? Why is it taking so long. Do we need to get the GOI involved to force you to do it? 5. Abdul Jalil attitude on this article puts pressure on the CBI to respond. We all need some positive news on this project. WE have not heard anything from the CBI now for over 3 months. Abdul Jalil is saying that it should not be the sole responsibility of the CBI but to get the GOI involved in the decision process too. I happen to know the GOI is involved and they are the hold up so it is NOT the CBI... [post 2 of 2]
2-8-2019 Newshound/Intel Guru Mnt Goat Article: "RAISING ZEROS REDUCES THE MONETARY MASS AND NEEDS A DECISION FROM THE TOP" Abdul Jalil is telling us in this article many important points. 1. the banks are now making money outside of the currency auctions (loans, mortgages, card fees, etc..) and perhaps it’s time not to solely rely on the spread of the currency exchange for bank revenues, thus they can eliminate the auctions and get the project to delete the zeros done now (which includes reinstate the dinar); 2. not raising the zeros complicate contracting with companies; 3. can hold up the funding for the reconstruction efforts; [post 1 of 2....stay tuned]
2-8-2019 Newshound Guru Adam Montana Article: "Kurdistan Region Prime Minister Nechirvan Barzani met on Thursday with his Iraqi counterpart Adil Abdul-Mahdi in Baghdad." Barzani meets with Mahdi re: HCL (?) "First visit... since the approval of (the budget)"... It's only been a week! This is moving, and fast.
2-8-2019 Intel Guru Frank26 ...we are very, very close! The RI of the Iraqi Dinar does not need the budget. The budget needs the reinstatement. That’s why everything is going before the reinstatement. That’s why it’s confusing to many people. They are doing this backwards because they have to. Everything is being set up...And that’s why the RI came out first and that’s why it’s positioned and that’s why they are International and about to make the announcement, IMO of course. The Iranian Central Bank is doing International transactions with Iraq with their own specific currencies. . ..There are a lot of things that are screaming International! Iraq is going in the right direction that the USA wants them to.
2-8-2019 Intel Guru Bruce Even though it has been relatively quiet for a lot of people, what we have received has been very good for us. ...We did hear Iraq put their budget which was passed in the Gazette yesterday. I do not know if everything they have done has been released to the world yet which is fine. At this point it is a moot point. We are not waiting on Iraq for anything... Guess what? For them to have a budget and to have it passed, they had to have a new rate which they do. I know the rate which are on the screens at the banks now. I know the rate for the Dong now. ...I mean this is happening. The rates are there. They are live. They are pulsing at the regular intervals, making the changes relatively every 18 minutes. That is normal. ...I am excited for us, guys. I am very excited for what is coming... I am excited because everything is in position to go. We should be on our way shortly. Let’s see what happens.
2-8-2019 Newshound/Intel Guru Mnt Goat Article: "RAISING ZEROS REDUCES THE MONETARY MASS AND NEEDS A DECISION FROM THE TOP" Abdul Jalil is telling us in this article many important points. 1. the banks are now making money outside of the currency auctions (loans, mortgages, card fees, etc..) and perhaps it’s time not to solely rely on the spread of the currency exchange for bank revenues, thus they can eliminate the auctions and get the project to delete the zeros done now (which includes reinstate the dinar); 2. not raising the zeros complicate contracting with companies; 3. can hold up the funding for the reconstruction efforts; [post 1 of 2....stay tuned]
2-8-2019 Newshound Guru Adam Montana Article: "Kurdistan Region Prime Minister Nechirvan Barzani met on Thursday with his Iraqi counterpart Adil Abdul-Mahdi in Baghdad." Barzani meets with Mahdi re: HCL (?) "First visit... since the approval of (the budget)"... It's only been a week! This is moving, and fast.
2-8-2019 Intel Guru Frank26 ...we are very, very close! The RI of the Iraqi Dinar does not need the budget. The budget needs the reinstatement. That’s why everything is going before the reinstatement. That’s why it’s confusing to many people. They are doing this backwards because they have to. Everything is being set up...And that’s why the RI came out first and that’s why it’s positioned and that’s why they are International and about to make the announcement, IMO of course. The Iranian Central Bank is doing International transactions with Iraq with their own specific currencies. . ..There are a lot of things that are screaming International! Iraq is going in the right direction that the USA wants them to.
2-8-2019 Intel Guru Bruce Even though it has been relatively quiet for a lot of people, what we have received has been very good for us. ...We did hear Iraq put their budget which was passed in the Gazette yesterday. I do not know if everything they have done has been released to the world yet which is fine. At this point it is a moot point. We are not waiting on Iraq for anything... Guess what? For them to have a budget and to have it passed, they had to have a new rate which they do. I know the rate which are on the screens at the banks now. I know the rate for the Dong now. ...I mean this is happening. The rates are there. They are live. They are pulsing at the regular intervals, making the changes relatively every 18 minutes. That is normal. ...I am excited for us, guys. I am very excited for what is coming... I am excited because everything is in position to go. We should be on our way shortly. Let’s see what happens.
2-7-2019 *** Dinar Guru News Update *** The 2019 Iraqi Budget was officially signed into LAW on Monday. Article: "The budget for Iraq for Fiscal Year 2019 officially became law on Monday with the signature of Iraqi President Barham Salih." This is a milestone that needed to happen for Iraq to be considered a functioning country. IMPORTANT: Now we await the printing of the 2019 Budget in the Gazette so it becomes official law. Stay tuned as the gurus chime in on the importance of the budget law to a possible increase in the value of the dinar... The latest guru posts will continue below.
2-7-2019 Gurus Walkingstick, Delta & Frank26 ...the budget has the new rate. We also said that the rate if not shown in the new budget can be retroactive to the 1st of January, 2019. Whether it’s shown I don’t know. It could go retroactive. [Guru Walkingstick] has a contract of Dec 30th at 1:1. It cannot be at a program rate. We’re very, very close.
2-7-2019 Intel Guru Frank26 This accomplishment is another reason why we are very positive they are Article 8. IMO . . . the Gazette has the budget and the reason why IMO is they are about to reveal they are article 8. They are International! Dubai Quality, another ME International relationship. Dubai Quality has just announced early this morning that they have entered into a strategic partnership with the Central Bank of Iraq. Not at a program rate. It’s illegal. This is an International step. You are not allowed to walk into that environment unless they have lifted the three zero’s from their exchange rate. Dubai Quality, this is another example of Internationalism. [post 2 of 2]
2-7-2019 Intel Guru Frank26 International, International, International! All of this...is in my opinion. Means they have lifted 3 zero’s from their rate or they could not be doing all they are doing International right now...Donald Trump went over there and basically slapped them verbally. In the last couple of weeks all the things that have happened. Iran does not send money to Iraq. Iran steals money from Iraq through the central auctions and through the GOI that has their goons that have been stealing. All of that is gone. All of that is ancient history. We are International baby. [post 1 of 2....stay tuned]
2-7-2018 Newshound Guru Adam Montana OIL 54.00 +0.63% How can it possibly be more encouraging? If oil keeps trending, there is no stopping this!
2-7-2019 Newshound/Intel Guru Mnt Goat The answer to this first question is also the answer to the second in that it is the US Treasury that will come around the banks in armored cars, as they do on normal runs, as pick up these physical IQD notes as they come into the banks. Once re-verified by the treasury department, they will be credited back to the banks. The banks will get a set allowance of $$$, probably daily, of funds from the treasury to use for this purpose of collecting these dinars or rather to help facilitate the trade deals. It is normal for the Central bank of the US to allocate funds to the banks for these purposes. Arrangements have been completed for this purpose... ...the government must come out with some mechanism to address informing us investors of where to appropriately go to conduct our exchanges of this currency... [post 2 of 2]
2-7-2019 Newshound/Intel Guru Mnt Goat EXCHANGE PROCESS... Remember how the banks operate. They need to make a profit. ...So what...are they going to do with billions and billions of Iraqi dinar in their foreign currency portfolios of reserve currencies? They will need to sell the currency to someone with a spread to make any money off it. ...Also where are they going to get all the funding to make these exchanges? ...at this time the banks will already have a customer for the dinar. The US Treasury has already made arrangements with the major/main bank branches to buy all their dinar, if they chose to trade it. So the banks do have a customer and this is why they will be taking the dinar so easily. If it weren’t for this fact there is no way that billions of dinars could be traded and taken into the banks throughout the US by average walk-in citizens. [post 1 of 2....stay tuned]
2-7-2019 Intel Guru Frank26 This accomplishment is another reason why we are very positive they are Article 8. IMO . . . the Gazette has the budget and the reason why IMO is they are about to reveal they are article 8. They are International! Dubai Quality, another ME International relationship. Dubai Quality has just announced early this morning that they have entered into a strategic partnership with the Central Bank of Iraq. Not at a program rate. It’s illegal. This is an International step. You are not allowed to walk into that environment unless they have lifted the three zero’s from their exchange rate. Dubai Quality, this is another example of Internationalism. [post 2 of 2]
2-7-2019 Intel Guru Frank26 International, International, International! All of this...is in my opinion. Means they have lifted 3 zero’s from their rate or they could not be doing all they are doing International right now...Donald Trump went over there and basically slapped them verbally. In the last couple of weeks all the things that have happened. Iran does not send money to Iraq. Iran steals money from Iraq through the central auctions and through the GOI that has their goons that have been stealing. All of that is gone. All of that is ancient history. We are International baby. [post 1 of 2....stay tuned]
2-7-2018 Newshound Guru Adam Montana OIL 54.00 +0.63% How can it possibly be more encouraging? If oil keeps trending, there is no stopping this!
2-7-2019 Newshound/Intel Guru Mnt Goat The answer to this first question is also the answer to the second in that it is the US Treasury that will come around the banks in armored cars, as they do on normal runs, as pick up these physical IQD notes as they come into the banks. Once re-verified by the treasury department, they will be credited back to the banks. The banks will get a set allowance of $$$, probably daily, of funds from the treasury to use for this purpose of collecting these dinars or rather to help facilitate the trade deals. It is normal for the Central bank of the US to allocate funds to the banks for these purposes. Arrangements have been completed for this purpose... ...the government must come out with some mechanism to address informing us investors of where to appropriately go to conduct our exchanges of this currency... [post 2 of 2]
2-7-2019 Newshound/Intel Guru Mnt Goat EXCHANGE PROCESS... Remember how the banks operate. They need to make a profit. ...So what...are they going to do with billions and billions of Iraqi dinar in their foreign currency portfolios of reserve currencies? They will need to sell the currency to someone with a spread to make any money off it. ...Also where are they going to get all the funding to make these exchanges? ...at this time the banks will already have a customer for the dinar. The US Treasury has already made arrangements with the major/main bank branches to buy all their dinar, if they chose to trade it. So the banks do have a customer and this is why they will be taking the dinar so easily. If it weren’t for this fact there is no way that billions of dinars could be traded and taken into the banks throughout the US by average walk-in citizens. [post 1 of 2....stay tuned]
2-6-2019 Newshound Guru Adam Montana ...I see that I didn't explain why the HCL is important. In a nutshell, it's important to the Kurds so they get a fair share of oil revenue, and ties in very closely to their concerns on the budget. Both of those issues are melting away, right in front of our eyes. With these two things lining up at the same time, we have the most perfect situation to see an RV that I've ever witnessed. RIGHT NOW is an amazing time to be part of this situation!
2-6-2019 Newshound Guru Kaperoni ...The dinar will never revalue or re-instate. It is a process that will take time. Once they get off the peg and begin to float.
2-6-2019 Newshound/Intel Guru Mnt Goat ...We know that in order to conduct business with the rest of the world they must significantly increase the rate of exchange on the IQD when they do post it back. Like I keep telling everyone - the VALUE is found in the Iraqi dinar it is just that the RATE does not now reflect the true value as it is being artificially suppressed due to sanctions. Oh – but we know that officially the sanctions have been “fully” lifted already since 2018. So what is the hold up then? We know for a FACT that the month of January is the BEST (but not only) month to reinstate the dinar. We just witnessed two attempts to do it in January and both times the NSA (national security agency of the US) stopped it for security reasons. I am now hearing this was due to the sanctions imposed on Iran and that the US needs assurances in two areas before this can move ahead – 1)US forces are secure in Iraq; 2)trade with Iran will not be conducted in US dollars ...This all I know and we are still in a waiting mode to how all of this gets sorted out. [post 2 of 2]
2-6-2019 Newshound/Intel Guru Mnt Goat We are waiting for the opening of the 2019 budget to begin the reconstruction. In doing so we are hoping this will also inspire the reinstatement of the dinar so investors feel comfortable coming into Iraq and investing knowing the currency is worth something and they can easily trade it outside Iraq. The updates to the investment law of 2015 are also in place and so investors can now more easily transfer funds in and out of Iraq under the law. There are also international mechanisms in place to facilitate this action. But one piece that is really needed is to have the Iraqi dinar once again listed on the global currency exchanges...It was not until the UN resolution in 2003 that ripped the IQD off the exchanges. Now they must get it listed back on. [post 1 of 2....stay tuned]
2-6-2019 Newshound Guru Adam Montana [With all that has happened they surely "can" RV and I as everyone want them to. However, what will make them want to do it now vs a month, or say 6 Months from now? What makes the trigger be pulled?] One set of letters: HCL. That, combined with the extremely positive budget. This is happening now, not 6 months ago, and not 6 months from now.
2-6-2019 Intel Guru Bruce The information over the last couple of days has been relatively little because whereas we have a number of sources that comes from banks, financial groups and institutions, and other providers most have gone entirely quiet...Either they are under an NDA or a gag order and they have been asked to stay that way. That is a very positive sign for us... I know that the rates have continued to rise slowly...We got good indicators of a slightly increase of the main ones we tend to follow...I think in this particular case if you are going to be looking for a front screen rate there is no hurry because the rates are going to continue to go up...It is going to be an interesting next few days...
2-6-2019 Newshound Guru MilitiaMan Article: "Published the text of the Budget Law 2019 after the ratification of the President of the Republic" Well, imo every citizen in Iraq, including the politicians are looking for the public announcement now on the results that should be found within the 2019 Budget. The rate for many things and imo most likely HCL monies are in there, which has to be what everyone in the world that owns Dinar is waiting for... The citizens may get retroactive pay too...So by this and with Franks [Guru Frank26] opinion among others everything is done and we await for it to come to us.
2-6-2019 Newshound Guru Kaperoni ...The dinar will never revalue or re-instate. It is a process that will take time. Once they get off the peg and begin to float.
2-6-2019 Newshound/Intel Guru Mnt Goat ...We know that in order to conduct business with the rest of the world they must significantly increase the rate of exchange on the IQD when they do post it back. Like I keep telling everyone - the VALUE is found in the Iraqi dinar it is just that the RATE does not now reflect the true value as it is being artificially suppressed due to sanctions. Oh – but we know that officially the sanctions have been “fully” lifted already since 2018. So what is the hold up then? We know for a FACT that the month of January is the BEST (but not only) month to reinstate the dinar. We just witnessed two attempts to do it in January and both times the NSA (national security agency of the US) stopped it for security reasons. I am now hearing this was due to the sanctions imposed on Iran and that the US needs assurances in two areas before this can move ahead – 1)US forces are secure in Iraq; 2)trade with Iran will not be conducted in US dollars ...This all I know and we are still in a waiting mode to how all of this gets sorted out. [post 2 of 2]
2-6-2019 Newshound/Intel Guru Mnt Goat We are waiting for the opening of the 2019 budget to begin the reconstruction. In doing so we are hoping this will also inspire the reinstatement of the dinar so investors feel comfortable coming into Iraq and investing knowing the currency is worth something and they can easily trade it outside Iraq. The updates to the investment law of 2015 are also in place and so investors can now more easily transfer funds in and out of Iraq under the law. There are also international mechanisms in place to facilitate this action. But one piece that is really needed is to have the Iraqi dinar once again listed on the global currency exchanges...It was not until the UN resolution in 2003 that ripped the IQD off the exchanges. Now they must get it listed back on. [post 1 of 2....stay tuned]
2-6-2019 Newshound Guru Adam Montana [With all that has happened they surely "can" RV and I as everyone want them to. However, what will make them want to do it now vs a month, or say 6 Months from now? What makes the trigger be pulled?] One set of letters: HCL. That, combined with the extremely positive budget. This is happening now, not 6 months ago, and not 6 months from now.
2-6-2019 Intel Guru Bruce The information over the last couple of days has been relatively little because whereas we have a number of sources that comes from banks, financial groups and institutions, and other providers most have gone entirely quiet...Either they are under an NDA or a gag order and they have been asked to stay that way. That is a very positive sign for us... I know that the rates have continued to rise slowly...We got good indicators of a slightly increase of the main ones we tend to follow...I think in this particular case if you are going to be looking for a front screen rate there is no hurry because the rates are going to continue to go up...It is going to be an interesting next few days...
2-6-2019 Newshound Guru MilitiaMan Article: "Published the text of the Budget Law 2019 after the ratification of the President of the Republic" Well, imo every citizen in Iraq, including the politicians are looking for the public announcement now on the results that should be found within the 2019 Budget. The rate for many things and imo most likely HCL monies are in there, which has to be what everyone in the world that owns Dinar is waiting for... The citizens may get retroactive pay too...So by this and with Franks [Guru Frank26] opinion among others everything is done and we await for it to come to us.
2-5-2019 Newshound Guru Adam Montana If you’re not already squirming, let me tell you - this is awesome news. A happy GOI is a GOI that we can get behind, because it’s one that is more likely to RV. And this is possibly the happiest we’ve ever seen them! ...we have more...I’m trying to contain my excitement...We may have an HCL agreement shortly! ...THIS is the kind of movement we need to see for an RV to happen, and I didn’t want to release the news without a full confirmation...you know I’ve been on an “HCL-requirement” ...No HCL = no RV...and now, after a long ride, it's not just on the horizon - it's coming at us, lights flashing and horns blaring! ... the time that we have been waiting on may be over. There is news out right now that is more encouraging regarding the HCL than ANYthing I have ever seen, and that means we’re almost there. [post 2 of 2]
2-5-2019 Newshound Guru Adam Montana ...the stars are lining up very nicely right now. ...First, the budget was submitted, signed, and looks like it will be passed, with a HUGE keynote - a significantly acceptable portion of the budget going to the Kurds. This has been a major point of contention between the parties over the years, in fact it’s possibly the biggest point of disagreement and reason for delays in the budget approval process in recent history. ...the budget...needs to be published in the Gazette to be official. This may be happening yet this week, and if it does...that will be insanely quick. [post 1 of 2....stay tuned]
2-5-2019 Newshound Guru Kaperoni Huge juice this morning...the US Treasury acknowledges they are ready to support Iraq and Kurdistan in promoting a market economy. This announcement is probably the best news that Iraq is ready to open up to the worlds financial system.
2-5-2019 Newshound/Intel Guru BGG ...we have PLAINLY published the FACTS surrounding the Kuwaiti reinstatement over and over and over. It was nothing like the various rumors portrayed on the internet... Any comments made by President Trump regarding prosperity are tied directly to his policies and have nothing to do with any future value change of the Iraqi Dinar. Value change or no – the math just doesn’t add up. A massive change in Dinar value doesn’t even bump the needle of the US financial engine. [reference Guru RVAlready post 2-4-2019]
2-5-2019 Newshound Guru Kaperoni So the 2019 budget was signed into law today...those hoping for a RV or some other overnight change in value as a result will be disappointed. Not how it works...
2-5-2019 Newshound Guru Adam Montana Article: "The President of the Republic approves the Federal Budget Law" [Hope it doesn't take 2 weeks to get published in the gazette...] ...the timing of this publication will be very important...
2-5-2019 Newshound Guru MilitiaMan Article: "Central Bank: We bought 20 trillion treasury transfers to move the market" Quote: "With the increasing confidence of international banks in the Central Bank of Iraq and the lifting of restrictions and barriers" I really do think this article is massive in that it shows they are ready to defend their new currency!! They have now told us they are ready to go live with an international exchange company that will be traded on the Iraq Stock Exchange...In addition... we see the lifting or restrictions from the CBI directly. The CBI is talking very loud...imo. Well, them telling us they have lifted restrictions and now having populated them selves with 20 Trillion in treasuries to support their currency, it is all but go time. imo.
2-5-2019 Newshound Guru Kirk H. Sowell So after a long delay, today [Monday] Iraqi President...signs the 2019 budget into law. The delay was due to parliament wanting to make amendments to the budget after it was "passed" on Jan. 24. They just sent it to Salih two days ago.
2-5-2019 Newshound Guru Adam Montana ...the stars are lining up very nicely right now. ...First, the budget was submitted, signed, and looks like it will be passed, with a HUGE keynote - a significantly acceptable portion of the budget going to the Kurds. This has been a major point of contention between the parties over the years, in fact it’s possibly the biggest point of disagreement and reason for delays in the budget approval process in recent history. ...the budget...needs to be published in the Gazette to be official. This may be happening yet this week, and if it does...that will be insanely quick. [post 1 of 2....stay tuned]
2-5-2019 Newshound Guru Kaperoni Huge juice this morning...the US Treasury acknowledges they are ready to support Iraq and Kurdistan in promoting a market economy. This announcement is probably the best news that Iraq is ready to open up to the worlds financial system.
2-5-2019 Newshound/Intel Guru BGG ...we have PLAINLY published the FACTS surrounding the Kuwaiti reinstatement over and over and over. It was nothing like the various rumors portrayed on the internet... Any comments made by President Trump regarding prosperity are tied directly to his policies and have nothing to do with any future value change of the Iraqi Dinar. Value change or no – the math just doesn’t add up. A massive change in Dinar value doesn’t even bump the needle of the US financial engine. [reference Guru RVAlready post 2-4-2019]
2-5-2019 Newshound Guru Kaperoni So the 2019 budget was signed into law today...those hoping for a RV or some other overnight change in value as a result will be disappointed. Not how it works...
2-5-2019 Newshound Guru Adam Montana Article: "The President of the Republic approves the Federal Budget Law" [Hope it doesn't take 2 weeks to get published in the gazette...] ...the timing of this publication will be very important...
2-5-2019 Newshound Guru MilitiaMan Article: "Central Bank: We bought 20 trillion treasury transfers to move the market" Quote: "With the increasing confidence of international banks in the Central Bank of Iraq and the lifting of restrictions and barriers" I really do think this article is massive in that it shows they are ready to defend their new currency!! They have now told us they are ready to go live with an international exchange company that will be traded on the Iraq Stock Exchange...In addition... we see the lifting or restrictions from the CBI directly. The CBI is talking very loud...imo. Well, them telling us they have lifted restrictions and now having populated them selves with 20 Trillion in treasuries to support their currency, it is all but go time. imo.
2-5-2019 Newshound Guru Kirk H. Sowell So after a long delay, today [Monday] Iraqi President...signs the 2019 budget into law. The delay was due to parliament wanting to make amendments to the budget after it was "passed" on Jan. 24. They just sent it to Salih two days ago.
2-4-2019 Intel Guru RayRen98 It's the first part of the week. A brand new week with some new exciting things we’re looking forward to...We'll see what happens tomorrow and where that puts us...
2-4-2019 Newshound/Intel Guru RVAlready About the only thing Trump has ever said is that prosperity is coming. Just as Bill Clinton never mentioned Kuwait in public, I doubt that Trump will ever mention The Iraq RV in public….. There are ...people who made good money from the Kuwait revaluation, but it was never announced in public.
2-4-2019 Newshound/Intel Guru Mnt Goat I do find is weird how the CBI has NOT given us an update on the “project to delete the zeros” for over three months. They normally give us an update each month. So we can expect one soon. We know for a fact that the CBI has already contracted with a German firm to print the smaller category notes. Also the coins are already stamped are waiting for distribution. So this is VERY close. What are they waiting for to finally launch the reinstatement? I believe it is political stability (get govt fully formed) and the elimination of the harmful Iranian influence (in the govt matters). [post 2 of 2]
2-4-2019 Newshound/Intel Guru Mnt Goat ...It is like we are in a holding pattern, ready for takeoff but just not yet. The CBI has not given any indication whatsoever of targeting a reinstatement this week or any day soon. But we know it is waiting in the wings. I am waiting to see how this all plays out with the completion of the election process. We know from a recent article that completing his process is VERY important for the CBI as it can demonstrate STABILITY or INSTABILITY, depending on what direction it takes. [post 1 of 2....stay tuned]
2-4-2019 Newshound Guru ChrisC ...the Dec 30 date...I don't believe he [Guru Frank26] haphazardly threw that out there. I have been following Frank for years and he has never pinned himself down to a date and time like that and I think it bears a lot of attention. He wouldn't have given that date and time if it wasn't real, but I think we should be asking ourselves why they did that but haven't revealed it yet. We HAVE to be sitting right on top of this, but I don't know what they are holding for, and based on what we think we know about IMF rules, more important ...can they continue to delay the reveal and if so, for how long?
2-4-2019 Intel Guru ADMINBILL ...THERE ARE MANY WAYS TO VIEW WHY WE HAVE NOT SEEN THIS COME TO FRUITION YET...IT REMAINS MY OPINION THAT THERE HAVE BEEN A SELECT FEW THAT BEGAN A PROCESS SEVERAL YEARS AGO THAT AIMED AT PROTECTING THE POTENTIAL OF DOING GOOD WHILE SLOWLY OVERCOMING EVIL PEOPLE AND GAINING THE UPPER HAND. IT APPEARS THE GOOD GUYS HAVE SUCCEEDED BUT THE "PROCESS" HAS BEEN LONG AND PAINFUL AND WILL END. PERHAPS SOON.
2-4-2019 Newshound Guru Adam Montana ...I've been on hold all week regarding this HCL news. It hasn't fallen through, and that means it's possibly going through...With any luck, this HCL news is going to materialize...Fingers crossed!
2-4-2019 Newshound/Intel Guru RVAlready About the only thing Trump has ever said is that prosperity is coming. Just as Bill Clinton never mentioned Kuwait in public, I doubt that Trump will ever mention The Iraq RV in public….. There are ...people who made good money from the Kuwait revaluation, but it was never announced in public.
2-4-2019 Newshound/Intel Guru Mnt Goat I do find is weird how the CBI has NOT given us an update on the “project to delete the zeros” for over three months. They normally give us an update each month. So we can expect one soon. We know for a fact that the CBI has already contracted with a German firm to print the smaller category notes. Also the coins are already stamped are waiting for distribution. So this is VERY close. What are they waiting for to finally launch the reinstatement? I believe it is political stability (get govt fully formed) and the elimination of the harmful Iranian influence (in the govt matters). [post 2 of 2]
2-4-2019 Newshound/Intel Guru Mnt Goat ...It is like we are in a holding pattern, ready for takeoff but just not yet. The CBI has not given any indication whatsoever of targeting a reinstatement this week or any day soon. But we know it is waiting in the wings. I am waiting to see how this all plays out with the completion of the election process. We know from a recent article that completing his process is VERY important for the CBI as it can demonstrate STABILITY or INSTABILITY, depending on what direction it takes. [post 1 of 2....stay tuned]
2-4-2019 Newshound Guru ChrisC ...the Dec 30 date...I don't believe he [Guru Frank26] haphazardly threw that out there. I have been following Frank for years and he has never pinned himself down to a date and time like that and I think it bears a lot of attention. He wouldn't have given that date and time if it wasn't real, but I think we should be asking ourselves why they did that but haven't revealed it yet. We HAVE to be sitting right on top of this, but I don't know what they are holding for, and based on what we think we know about IMF rules, more important ...can they continue to delay the reveal and if so, for how long?
2-4-2019 Intel Guru ADMINBILL ...THERE ARE MANY WAYS TO VIEW WHY WE HAVE NOT SEEN THIS COME TO FRUITION YET...IT REMAINS MY OPINION THAT THERE HAVE BEEN A SELECT FEW THAT BEGAN A PROCESS SEVERAL YEARS AGO THAT AIMED AT PROTECTING THE POTENTIAL OF DOING GOOD WHILE SLOWLY OVERCOMING EVIL PEOPLE AND GAINING THE UPPER HAND. IT APPEARS THE GOOD GUYS HAVE SUCCEEDED BUT THE "PROCESS" HAS BEEN LONG AND PAINFUL AND WILL END. PERHAPS SOON.
2-4-2019 Newshound Guru Adam Montana ...I've been on hold all week regarding this HCL news. It hasn't fallen through, and that means it's possibly going through...With any luck, this HCL news is going to materialize...Fingers crossed!
2-3-2019 Newshound/Intel Guru RVAlready This may not hit forex until after we exchange. So, each bank could have a different rate. And the rate could vary from one customer to another. We will have to see what happens. This is why Ray [Guru RayRen98] said to wait a couple of days, so we can see which banks have the best rates.
2-3-2019 Intel Guru RayRen98 DOES ANYONE KNOW ANY BANKERS WHO ARE UP AT THIS HOUR??? RATES ARE CLIMBING ON THE "FRONT" SCREENS...THEY'RE GETTIN' EXCITED. [Did you find that out from a banker?] YES. [ I heard after the superbowl game that things are going to get very interesting.] MAYBE BEFORE!!
2-3-2019 Intel Guru RayRen98 DOES ANYONE KNOW ANY BANKERS WHO ARE UP AT THIS HOUR??? RATES ARE CLIMBING ON THE "FRONT" SCREENS...THEY'RE GETTIN' EXCITED. [Did you find that out from a banker?] YES. [ I heard after the superbowl game that things are going to get very interesting.] MAYBE BEFORE!!
2-2-2019 Newshound Guru MilitiaMan Articles: "ASSOCIATION OF EXCHANGE COMPANIES IN IRAQ ASPIRATIONS AND CHALLENGES"; "The House of Representatives sends the Budget Law to the Presidency for approval" Tomorrow is the beginning of the week.. The money ex-changers are going to need the rate, that rate also precedes the budget.. They clearly have this timed.. Today the articles about Jordan, money ex-changers with NGSs to help facilitate the implementation of the new.. All very well timed.. It won't stop now nor fail imo...
2-2-2019 Intel Guru Delta Article: "The House of Representatives sends the Budget Law to the Presidency for approval" [How many days does the President have to approve and send to the Gazette?] 15 DAYS BUT HE DOESN'T HAVE TO WAIT 15 DAYS TO SIGN IT...
2-2-2019 Newshound/Intel Guru Mnt Goat [I'm still confused how/why they tried to RI without the gas law and the full government seated, as you have stated several times we need?] HCL is in parts. Most of it already passed but not implemented to the level it should.
2-2-2019 Intel Guru Footforward ...I think we are getting close...we really just need to be ready...
2-2-2019 Newshound Guru Adam Montana I took a nice long "break" while things were slow... if my opinion on this, and the current state of things, is correct... there's a good reason I am making myself seen around here again.
2-2-2019 Intel Guru Delta Article: "The House of Representatives sends the Budget Law to the Presidency for approval" [How many days does the President have to approve and send to the Gazette?] 15 DAYS BUT HE DOESN'T HAVE TO WAIT 15 DAYS TO SIGN IT...
2-2-2019 Newshound/Intel Guru Mnt Goat [I'm still confused how/why they tried to RI without the gas law and the full government seated, as you have stated several times we need?] HCL is in parts. Most of it already passed but not implemented to the level it should.
2-2-2019 Intel Guru Footforward ...I think we are getting close...we really just need to be ready...
2-2-2019 Newshound Guru Adam Montana I took a nice long "break" while things were slow... if my opinion on this, and the current state of things, is correct... there's a good reason I am making myself seen around here again.
2-1-2019 Newshound/Intel Guru Mnt Goat Article: "AYSAN CALLS ON THE CENTRAL BANK TO INCREASE THE SHARE OF MAYSAN OF THE SMALL CURRENCY" ...this is such a juicy article...more proof that the smaller categories of 250, 500 and 1000 dinars are increasing in demand as being used for petty cash and everyday shopping. So we see the CBI is due to launch a second batch of even yet smaller categories as they said they would do as the market drives it. This is all fantastic news for us.
2-1-2019 Newshound Guru Adam Montana Question: Is Iraq going to "lop"? Iraq has already made strong progress in rebuilding and obtaining international credit. They do not have an emergency situation, like Zimbabwe or Venezuela. In fact, Iraqs international credit is rated across the board as “B grade” and “Stable”. Iraq has already made tons of progress here. A lop is not going to enhance that. The CBI already controls the currency market. There is no need for further action. Iraqs most recent inflation was measured at about 2% - almost identical to the United States. We are not talking about Zimbabwe here! Multiple currencies are used in Iraq, but there are no threats of replacing the Iraqi Dinar...Since 1960, only 71 cases of lopping have occurred...None of those countries are Iraq, have Iraq's resources, have Iraq's potential...Pretty solid evidence that a lop is a pretty low probability event for us here, don't you think?
2-1-2019 Intel Guru RayRen98 It's Friday. Looking for an exciting weekend. If your not chasing the contract rate, remember it gets greater later... ...It's done! It's finished!
2-1-2019 Intel Guru Bruce [via PinkRoses] Intel really came in strong today [Thursday]. It is still coming in strong...The information we had today is so positive because we see movement and see things happening. We know liquidity is coming, and we know that we are just about at the end of the ride. Some people say we are (48) hours away to the end, some say (72) hours. We do not know exactly when, but we know...some very positive things happened. ...There are number of currencies, all the ones we know about in the first basket are gold back or asset back. ...I am going to say I am very encouraged and I very much seeing movement in the direction we want to see it...I am under the understanding we could have some sort of lift off before midnight tonight [Thursday].
2-1-2019 Newshound Guru Adam Montana ...these things are: 1. RV (ReValue) 2. Lop (remove some zeros, either from the exchange rate or the denominations) 3. Nothing. ...my opinion of our possible outcomes in this situation is this: 79% chance we see a change in the value upwards in the near future. 20% chance they do nothing other than maintain the status quo (for now). And a slight 1% chance of a lop. Personally...I like love those odds, and I'm sticking it out. I'm also preparing for the eventual change in value... [post 2 of 2]
2-1-2019 Newshound Guru Adam Montana Question: Is Iraq going to "lop"? In the case of Iraq, one of 3 things is going to happen eventually, with “eventually” being either immediately, next week, or maybe a year from now. There is no “deadline” that they are bound to, nor will there ever be one in the current political and economic climate. Certainly there will be factors that could encourage Iraq to move faster or bide their time, but there is no entity or force on the planet that can force Iraq to make any changes to their monetary policy. Like I said at the start, Iraq will do one of three things... [post 1 of 2....stay tuned]
2-1-2019 Newshound Guru Adam Montana Question: Is Iraq going to "lop"? Iraq has already made strong progress in rebuilding and obtaining international credit. They do not have an emergency situation, like Zimbabwe or Venezuela. In fact, Iraqs international credit is rated across the board as “B grade” and “Stable”. Iraq has already made tons of progress here. A lop is not going to enhance that. The CBI already controls the currency market. There is no need for further action. Iraqs most recent inflation was measured at about 2% - almost identical to the United States. We are not talking about Zimbabwe here! Multiple currencies are used in Iraq, but there are no threats of replacing the Iraqi Dinar...Since 1960, only 71 cases of lopping have occurred...None of those countries are Iraq, have Iraq's resources, have Iraq's potential...Pretty solid evidence that a lop is a pretty low probability event for us here, don't you think?
2-1-2019 Intel Guru RayRen98 It's Friday. Looking for an exciting weekend. If your not chasing the contract rate, remember it gets greater later... ...It's done! It's finished!
2-1-2019 Intel Guru Bruce [via PinkRoses] Intel really came in strong today [Thursday]. It is still coming in strong...The information we had today is so positive because we see movement and see things happening. We know liquidity is coming, and we know that we are just about at the end of the ride. Some people say we are (48) hours away to the end, some say (72) hours. We do not know exactly when, but we know...some very positive things happened. ...There are number of currencies, all the ones we know about in the first basket are gold back or asset back. ...I am going to say I am very encouraged and I very much seeing movement in the direction we want to see it...I am under the understanding we could have some sort of lift off before midnight tonight [Thursday].
2-1-2019 Newshound Guru Adam Montana ...these things are: 1. RV (ReValue) 2. Lop (remove some zeros, either from the exchange rate or the denominations) 3. Nothing. ...my opinion of our possible outcomes in this situation is this: 79% chance we see a change in the value upwards in the near future. 20% chance they do nothing other than maintain the status quo (for now). And a slight 1% chance of a lop. Personally...I like love those odds, and I'm sticking it out. I'm also preparing for the eventual change in value... [post 2 of 2]
2-1-2019 Newshound Guru Adam Montana Question: Is Iraq going to "lop"? In the case of Iraq, one of 3 things is going to happen eventually, with “eventually” being either immediately, next week, or maybe a year from now. There is no “deadline” that they are bound to, nor will there ever be one in the current political and economic climate. Certainly there will be factors that could encourage Iraq to move faster or bide their time, but there is no entity or force on the planet that can force Iraq to make any changes to their monetary policy. Like I said at the start, Iraq will do one of three things... [post 1 of 2....stay tuned]
1-31-2019 Newshound Guru Kaperoni Several article have surfaced the last few days implying Iraq plans to open their economy to the world in the 'next phase' or 'next stage.' I caution those who think that may be within a week or so. It still could be months. Iraq still has numerous laws to pass or make changes too to invite investment. Parliament is on a break and the next session may not be enough time to pass the needed legislation. A critical piece of the puzzle is coming up February 10-11. Iraqi Finance 2019 could give us some needed timeframes as Iraq continues to transition to a market economy. [See the official list of guru "Possible To-Dos" to on the left column of this page]
1-31-2019 Newshound/Intel Guru Mnt Goat Article: "REVEALED: REASONS FOR DELAYING THE MOVE TO IMPROVE THE INVESTMENT ENVIRONMENT AND THE PRIVATE SECTOR IN IRAQ" Quote: “delayed DUE TO CONCERN ABOUT THE ELECTIONS AND AFTER THE FORMATION OF THE GOVERNMENT," stressing that "in the coming days will witness the actual beginning of the application of these procedures." ...this...paragraph ...is probably the most important of all. So we just have to sit tight and wait to see what they do.
1-31-2019 Newshound/Intel Guru BGG ...IMF Article 8 and UN CHAPTER 7 are completely different issues. UN Chapter 7 was a series of UN sanctions stemming from the Gulf War era… IMF Article 14 is a set of obligations and responsibilities which Iraq has accepted and complied with (monetary policy wise) – Once they demonstrate they are fully able, they should accept and move on into Article 8 (from Article 14) – which is a different set of responsibilities and obligations. All of which will be done with IMF oversight and guidance.
1-31-2019 Newshound Guru MilitiaMan Article: "The next stage will witness great economic openness on the regional and global environment" Quote: "the most important items that were added to the law of the general budget 2019, and is likely to arrive in less than two days to the government and the Presidency of the Republic for ratification and start to apply." No going back from here imo. We are going to get paid. imo. Lets keep in mind the article suggests the Ratification is within two days...real close... imo.
1-31-2019 Newshound Guru Phillyman Article: "Abdul Mahdi: The next stage will witness a great economic openness to the world" Quote: "For his part, Abdul-Mahdi said that "the next phase will witness great economic openness on the regional and global environment. Within two days, an important agreement will be implemented with Jordan on the export of oil and the opening of Trebil." ...I continue to follow the news and believe that Iraq despite its battles with corruption and the conflicts in the region is going to make major moves forward economically.
1-31-2019 Newshound Guru Adam Montana We’re on the cusp of a good number of significant possibilities, so I’m not ruling anything out...we have some REAL good news coming soon...Good things come to those that wait, and it's looking like we've all waited about long enough... things are coming for us.
1-31-2019 Newshound/Intel Guru Mnt Goat Article: "REVEALED: REASONS FOR DELAYING THE MOVE TO IMPROVE THE INVESTMENT ENVIRONMENT AND THE PRIVATE SECTOR IN IRAQ" Quote: “delayed DUE TO CONCERN ABOUT THE ELECTIONS AND AFTER THE FORMATION OF THE GOVERNMENT," stressing that "in the coming days will witness the actual beginning of the application of these procedures." ...this...paragraph ...is probably the most important of all. So we just have to sit tight and wait to see what they do.
1-31-2019 Newshound/Intel Guru BGG ...IMF Article 8 and UN CHAPTER 7 are completely different issues. UN Chapter 7 was a series of UN sanctions stemming from the Gulf War era… IMF Article 14 is a set of obligations and responsibilities which Iraq has accepted and complied with (monetary policy wise) – Once they demonstrate they are fully able, they should accept and move on into Article 8 (from Article 14) – which is a different set of responsibilities and obligations. All of which will be done with IMF oversight and guidance.
1-31-2019 Newshound Guru MilitiaMan Article: "The next stage will witness great economic openness on the regional and global environment" Quote: "the most important items that were added to the law of the general budget 2019, and is likely to arrive in less than two days to the government and the Presidency of the Republic for ratification and start to apply." No going back from here imo. We are going to get paid. imo. Lets keep in mind the article suggests the Ratification is within two days...real close... imo.
1-31-2019 Newshound Guru Phillyman Article: "Abdul Mahdi: The next stage will witness a great economic openness to the world" Quote: "For his part, Abdul-Mahdi said that "the next phase will witness great economic openness on the regional and global environment. Within two days, an important agreement will be implemented with Jordan on the export of oil and the opening of Trebil." ...I continue to follow the news and believe that Iraq despite its battles with corruption and the conflicts in the region is going to make major moves forward economically.
1-31-2019 Newshound Guru Adam Montana We’re on the cusp of a good number of significant possibilities, so I’m not ruling anything out...we have some REAL good news coming soon...Good things come to those that wait, and it's looking like we've all waited about long enough... things are coming for us.
1-30-2019 Newshound Guru Kaperoni ...UN chapter 7 is differnet than IMF Article VIII. Iraq is in IMF Article XIV and from there they will move to VIII.
[See the Possible To-Do List on the left of this page for the full list of things some gurus feel need to be done.]
1-30-2019 Newshound/Intel Guru Mnt Goat So here we are the end of January already and still no RV. It has been a disappointing month for us but we do know that they made 2 planned attempts to RV this month in Iraq. Both were stopped by the US under NSA reasons.
1-30-2019 Intel Guru RayRen98 Iraqi TV is rampant with messages, statements, allegations and etc.
1. CBI governor Alaq informing the citizens that the reason for the delays is to increase the environment of the private sector.
2. Cleric Sadr calling for Alaq's dismissal from the CBI and referencing close ties to Maliki.
3. PM Mahdi threatens those who stole several billion dinar with publicly revealing their names and being prosecuted if the currency is not returned within one week.
4. Alaq is again on TV adding that the delay is also attributed to the concerns over the cabinet selections.
Note: WAITING FOR STOLEN CURRENCY TO BE RETURNED WILL NOT HOLD UP THE RV.
1-30-2019 Intel Guru Bruce Iraq is basically out of the way. They did get a phone call from our President couple of days ago about being placed into Chapter 8 out of Chapter 7. They are in position now where they have their ATM machines loaded with their new currency, and they have been given instructions to take in all of the US Dollar, what we call USD, the fiat dollars, to collect all of those by the first of February because our USTN is going to be in a position where they should be out and live by or on February 1, 2019. That is a really good sign for us. ...Even though we have noticed the bank screens have a stamp day of tomorrow [Wednesday], Thursday and Friday, January 30, 31, and February 1st...They still do not have an exact start date for us...I would say we are looking for good the next 3 days especially Thursday and Friday... Everything is pointing to an imminent release for us. ...Union Operational rates, pages have been down. That is kind of unusual for those pages to go down, but I think they may bring those Operational rates back up on February 1st and they may reveal the current currency rates...I am excited where we are. I have heard really good things about the next three days.
1-30-2019 Newshound Guru Currency365 I would love to see something done with the CBI and the rate change before the American troops leave...I don't want the troops to leave before the rate change...We made that mistake the first time and we know what happened...if someone can take this back to Donald Trump...we do not want the troops to leave until they have completed the mission by removing the program rate and raising the value...giving them purchasing power and distributing the oil revenues to the citizens...they were supposed to have done that already...they have not held up their part of the bargain...
[See the Possible To-Do List on the left of this page for the full list of things some gurus feel need to be done.]
1-30-2019 Newshound/Intel Guru Mnt Goat So here we are the end of January already and still no RV. It has been a disappointing month for us but we do know that they made 2 planned attempts to RV this month in Iraq. Both were stopped by the US under NSA reasons.
1-30-2019 Intel Guru RayRen98 Iraqi TV is rampant with messages, statements, allegations and etc.
1. CBI governor Alaq informing the citizens that the reason for the delays is to increase the environment of the private sector.
2. Cleric Sadr calling for Alaq's dismissal from the CBI and referencing close ties to Maliki.
3. PM Mahdi threatens those who stole several billion dinar with publicly revealing their names and being prosecuted if the currency is not returned within one week.
4. Alaq is again on TV adding that the delay is also attributed to the concerns over the cabinet selections.
Note: WAITING FOR STOLEN CURRENCY TO BE RETURNED WILL NOT HOLD UP THE RV.
1-30-2019 Intel Guru Bruce Iraq is basically out of the way. They did get a phone call from our President couple of days ago about being placed into Chapter 8 out of Chapter 7. They are in position now where they have their ATM machines loaded with their new currency, and they have been given instructions to take in all of the US Dollar, what we call USD, the fiat dollars, to collect all of those by the first of February because our USTN is going to be in a position where they should be out and live by or on February 1, 2019. That is a really good sign for us. ...Even though we have noticed the bank screens have a stamp day of tomorrow [Wednesday], Thursday and Friday, January 30, 31, and February 1st...They still do not have an exact start date for us...I would say we are looking for good the next 3 days especially Thursday and Friday... Everything is pointing to an imminent release for us. ...Union Operational rates, pages have been down. That is kind of unusual for those pages to go down, but I think they may bring those Operational rates back up on February 1st and they may reveal the current currency rates...I am excited where we are. I have heard really good things about the next three days.
1-30-2019 Newshound Guru Currency365 I would love to see something done with the CBI and the rate change before the American troops leave...I don't want the troops to leave before the rate change...We made that mistake the first time and we know what happened...if someone can take this back to Donald Trump...we do not want the troops to leave until they have completed the mission by removing the program rate and raising the value...giving them purchasing power and distributing the oil revenues to the citizens...they were supposed to have done that already...they have not held up their part of the bargain...
1-29-2019 Intel Guru Delta ...FROM IRAQIA TV EXCHANGE RATE IN IRAQI MARKET IS SHOWING NOW AT: 1USD =1186.40 DINARS...
1-29-2019 Intel Guru Frank26 [via Clare] Article: "Ascension of Iraq to the International Organization of Securities Commission" Welcome to the World Iraq!!!! (since Jan 1)... Welcome to the world Iraqi Citizens...Welcome to the finish line...Allow time to show you the revelation of your destiny...
1-29-2019 Newshound Guru Kaperoni Guru Militiaman thinks they may float the dinar...Actually the truth is no RV at all. Not possible.
1-29-2019 Intel Guru Frank26 [via Clare] Article: "Ascension of Iraq to the International Organization of Securities Commission" Welcome to the World Iraq!!!! (since Jan 1)... Welcome to the world Iraqi Citizens...Welcome to the finish line...Allow time to show you the revelation of your destiny...
1-29-2019 Newshound Guru Kaperoni Guru Militiaman thinks they may float the dinar...Actually the truth is no RV at all. Not possible.
1-28-2019 Newshound/Intel Guru Mnt Goat Article: "FIVE-POINT PROPOSAL AIMED AT REMOVING FOREIGN FORCES FROM IRAQ" ...just remember that it is the Iranian influence who is constantly pushing Iraq to get the US out. ...I keep telling everyone that this influence must be gone or no RV. I have said this many times and so in this why the NSA pulled the plug on the RV a week ago?
1-28-2019 Intel Guru RayRen98 I was really thinking we would have a different conversation today. It's coming. When it pops, are you going to be ready? Have your plan together? Those going after the contract rate don't wait. For the rest of us waiting, can be rewarding. If anything pops out we'll keep you updated. ...We are just waiting for the call any day. Maybe tomorrow or today.
1-28-2019 Intel Guru Jester [...is this MR going to happen this week? Monetary Reform] I DO NOT SEE ANY INDICATION THAT WE WILL BE MOVING FORWARD THIS WEEK... EVEN THOUGH MANY WOULD LIKE TO SEE IT THERE IS STILL TOO MUCH CONTROVERSY IN THE BANKING SYSTEM FOR ANYONE TO THINK IT IS ANYWHERE NEAR SAFE AT THIS POINT...UNTIL THIS IS TAKEN CARE OF I DO NOT THINK WE WILL SEE A DARN THING HAPPEN...
1-28-2019 Newshound/Intel Guru Mnt Goat We also know of the reconstruction plan 2018-2022 and so when will they mount up and move ahead aggressively with this plan? We are now seeing some signs but this money for these types of projects is coming from oil revenues and not donor nations or investors (electric grid, water plants and sewage). But remember you need to rebuild the infrastructure first before you can rebuild the buildings. So this is a promising sign. So now is a waiting game. We just sit and wait. [post 2 of 2]
1-28-2019 Newshound/Intel Guru Mnt Goat I am not hearing anything from the CBI on a matter of completion of the project to delete the zeros. With only three days remaining in January I doubt if we are going to see any RV this month. I do not have another window of opportunity for you. Like you I am very disappointed we did not yet see the RV. ...I do know that the US NSA stopped it on Jan 19th probably due to SECURITY reasons with Iranian influence in the elections. The three remaining ministers still have not yet been voted on. They are now fighting to get the Iranian militias out of Iraq. Since ISIS is now gone and the US is helping to protect the borders keep them out, there is no use for these militias any longer to occupy Iraq. [post 1 of 2....stay tuned]
1-28-2019 Newshound Guru G-Lin Article: "The text of the Federal Court's appeal of articles in the law of the National Oil Company" That last art. happened last Wednesday. It was pretty darn important. The National Oil Co. was trying to withhold the oil share money from the people of Iraq. Keep it all for themselves. The Supreme Court ruled the amendments unconstitutional. YAY!!!
1-28-2019 Intel Guru RayRen98 I was really thinking we would have a different conversation today. It's coming. When it pops, are you going to be ready? Have your plan together? Those going after the contract rate don't wait. For the rest of us waiting, can be rewarding. If anything pops out we'll keep you updated. ...We are just waiting for the call any day. Maybe tomorrow or today.
1-28-2019 Intel Guru Jester [...is this MR going to happen this week? Monetary Reform] I DO NOT SEE ANY INDICATION THAT WE WILL BE MOVING FORWARD THIS WEEK... EVEN THOUGH MANY WOULD LIKE TO SEE IT THERE IS STILL TOO MUCH CONTROVERSY IN THE BANKING SYSTEM FOR ANYONE TO THINK IT IS ANYWHERE NEAR SAFE AT THIS POINT...UNTIL THIS IS TAKEN CARE OF I DO NOT THINK WE WILL SEE A DARN THING HAPPEN...
1-28-2019 Newshound/Intel Guru Mnt Goat We also know of the reconstruction plan 2018-2022 and so when will they mount up and move ahead aggressively with this plan? We are now seeing some signs but this money for these types of projects is coming from oil revenues and not donor nations or investors (electric grid, water plants and sewage). But remember you need to rebuild the infrastructure first before you can rebuild the buildings. So this is a promising sign. So now is a waiting game. We just sit and wait. [post 2 of 2]
1-28-2019 Newshound/Intel Guru Mnt Goat I am not hearing anything from the CBI on a matter of completion of the project to delete the zeros. With only three days remaining in January I doubt if we are going to see any RV this month. I do not have another window of opportunity for you. Like you I am very disappointed we did not yet see the RV. ...I do know that the US NSA stopped it on Jan 19th probably due to SECURITY reasons with Iranian influence in the elections. The three remaining ministers still have not yet been voted on. They are now fighting to get the Iranian militias out of Iraq. Since ISIS is now gone and the US is helping to protect the borders keep them out, there is no use for these militias any longer to occupy Iraq. [post 1 of 2....stay tuned]
1-28-2019 Newshound Guru G-Lin Article: "The text of the Federal Court's appeal of articles in the law of the National Oil Company" That last art. happened last Wednesday. It was pretty darn important. The National Oil Co. was trying to withhold the oil share money from the people of Iraq. Keep it all for themselves. The Supreme Court ruled the amendments unconstitutional. YAY!!!
1-27-2019 Newshound Guru Sunkissed Article: "Accession of Iraq to the International Organization of Securities Commissions" That's STOCK MARKET talk! --- SECURITIES! How can one be a MEMBER of the IOSC without a convertible currency? It would be like buying tires and you don't own a car!! Why be invited to the annual meeting in May if you won't have a convertible currency? Could THIS be what Iraq was waiting on?
1-27-2019 Intel Guru Delta [...From all of your research and contacts, what do you think about volume of dinar now compared to Saddam's time?...] IMO THE NOTE COUNT IS NOT AN ISSUE ANY MORE.... CBI IS READY AND TOLD US THEY ARE PREPARING TO LIFT ZEROS. IT DOES LOOK GOOD...IT'S NOT AN OPTION ...THEY MUST DO IT...
1-27-2019 Newshound Guru MilitiaMan Article: "Association of Private Banks will participate tomorrow (Sunday) in the meeting of the Arab Monetary Fund" Quote: "the meeting will address the concepts of financial inclusion and ways to raise the rate at the level of the Arab world" Sure sounds like what we were told by WS in the past. AMF / AAD - IMF - SDR is at play. The IQD maybe forced to float in a basket of currencies. Well, interestingly enough not only is it in ink from a recent article, it has been verified by those in Iraq that would need to know to be a true statement and that may be exactly what we will see out of this. The decision makers for the Finance Conference 2019 in February will be needing the results of the new formulated numbers from the 2019 Budget as in international rate (imo), just as the Arab Monetary Fund will. So I hope we all can see the sense of urgency at play now. The crunch time is seriously upon us and them... imo.
1-27-2019 Newshound/Intel Guru RVAlready I think the sudden passage of the budget was a pretty good indication that this is about to bust loose... The fact that Allaq announced, a day in advance, that the budget would pass, told me everything I needed to know about who was in control of this process in Iraq... Hint...it isn't anybody in the parliament… This is in the hands of Allaq, IMF, and Trump.
1-27-2019 Newshound Guru MilitiaMan 6) they have a conference for investors scheduled in February and they will need the rate prior to that or it will FAIL!!! It will be a massive boon for them or a huge screw up as I see it. That is imo not going to happen, as they have come way to far as the laundry list is clearly showing me that they are working to get this done ASAP. There are contracts that need to be sorted within the next few days and that too adds gas to the fire!! Let’s not forget the Kurds just got what the wanted and then some and Mahdi is talking to the Radio and Media today.. - Imo - so let’s see how things play out... [post 2 of 2]
1-27-2019 Newshound Guru MilitiaMan This next week is critical for us in that there is evidence as I see that is clear to me that this process of implementation of MR is full throttle now to be completed and for many reasons. 1) the banks are linked globally and wire transferring money and in IQD is a reality. 2) Security and stability as noted by the green zone and the barriers around the CBI. 3) they appear to have printed $238+- mil in new currency. 4) EY, PWC and KPMG were in Alaks office last Sunday. 5) the 2019 budget is passed by 278 people into late night early morning the other day and now being calculated by the CBI, and most likely signed by the President and off to the Gazette shortly if not already. [post 1 of 2....stay tuned]
1-27-2019 Intel Guru Delta [...From all of your research and contacts, what do you think about volume of dinar now compared to Saddam's time?...] IMO THE NOTE COUNT IS NOT AN ISSUE ANY MORE.... CBI IS READY AND TOLD US THEY ARE PREPARING TO LIFT ZEROS. IT DOES LOOK GOOD...IT'S NOT AN OPTION ...THEY MUST DO IT...
1-27-2019 Newshound Guru MilitiaMan Article: "Association of Private Banks will participate tomorrow (Sunday) in the meeting of the Arab Monetary Fund" Quote: "the meeting will address the concepts of financial inclusion and ways to raise the rate at the level of the Arab world" Sure sounds like what we were told by WS in the past. AMF / AAD - IMF - SDR is at play. The IQD maybe forced to float in a basket of currencies. Well, interestingly enough not only is it in ink from a recent article, it has been verified by those in Iraq that would need to know to be a true statement and that may be exactly what we will see out of this. The decision makers for the Finance Conference 2019 in February will be needing the results of the new formulated numbers from the 2019 Budget as in international rate (imo), just as the Arab Monetary Fund will. So I hope we all can see the sense of urgency at play now. The crunch time is seriously upon us and them... imo.
1-27-2019 Newshound/Intel Guru RVAlready I think the sudden passage of the budget was a pretty good indication that this is about to bust loose... The fact that Allaq announced, a day in advance, that the budget would pass, told me everything I needed to know about who was in control of this process in Iraq... Hint...it isn't anybody in the parliament… This is in the hands of Allaq, IMF, and Trump.
1-27-2019 Newshound Guru MilitiaMan 6) they have a conference for investors scheduled in February and they will need the rate prior to that or it will FAIL!!! It will be a massive boon for them or a huge screw up as I see it. That is imo not going to happen, as they have come way to far as the laundry list is clearly showing me that they are working to get this done ASAP. There are contracts that need to be sorted within the next few days and that too adds gas to the fire!! Let’s not forget the Kurds just got what the wanted and then some and Mahdi is talking to the Radio and Media today.. - Imo - so let’s see how things play out... [post 2 of 2]
1-27-2019 Newshound Guru MilitiaMan This next week is critical for us in that there is evidence as I see that is clear to me that this process of implementation of MR is full throttle now to be completed and for many reasons. 1) the banks are linked globally and wire transferring money and in IQD is a reality. 2) Security and stability as noted by the green zone and the barriers around the CBI. 3) they appear to have printed $238+- mil in new currency. 4) EY, PWC and KPMG were in Alaks office last Sunday. 5) the 2019 budget is passed by 278 people into late night early morning the other day and now being calculated by the CBI, and most likely signed by the President and off to the Gazette shortly if not already. [post 1 of 2....stay tuned]
1-26-2019 Newshound/Intel Guru Mnt Goat Article: "Prime Minister Adel Abdul Mahdi, on Tuesday, the unification of customs tariffs and full control of all border crossings of the country" we have been told many years ago that the customs and tariffs revenue for Iraq could rival the oil revenue if it could be unified and fully controlled. So this article...says they have done it. But remember in order to determine the amount of billing they need to be able to convert the foreign currency to equivalent dinar and they can’t do that unless the dinar is on the global currency exchanges. We know they have integrated already with a global import/export system. So is this the next step coming soon to complete the project?
1-26-2019 Intel Guru RayRen98 Parliament met today and announced the end of the first legislative term of the new government. PM Mahdi hasn't been hosted yet...no cabinet vote selections were concluded. "Supposedly" conclusion of the cabinet vote is postponed until March? [Don't panic, watch what they do...not what they say]
1-26-2019 Intel Guru Frank26 [via TBall] IMO...this ride is just about over with starting today. Trump reopened the US Gov for the RV....to get it done...Iraq needed this time to release it 1-3 weeks...They approved their budget for the first time in over 14 years on Tuesday...
1-26-2019 Newshound/Intel Guru Mnt Goat We still have 6 days remaining and I am still being told that the CBI has planned to complete the reinstatement sometime prior to the end of the month. We know that deep state operatives in the US government are keeping the Iraqi dinar from moving to an international status and being reinstated back on the global currency exchanges. ...This is intentional, so as not to let the Trump administration hold a huge economic boom for America. This would be a huge political win for him. Yes, I do now believe it is being intentionally held back at the detriment of Iraq. I can not give another timeline for a window for the reinstatement until this ongoing political battle (nightmare) is over in Washington, DC or at least settles down. I really thought that last Saturday was a hopeful time and we would have been at the banks this week already. But this did not happen.
1-26-2019 Intel Guru RayRen98 Parliament met today and announced the end of the first legislative term of the new government. PM Mahdi hasn't been hosted yet...no cabinet vote selections were concluded. "Supposedly" conclusion of the cabinet vote is postponed until March? [Don't panic, watch what they do...not what they say]
1-26-2019 Intel Guru Frank26 [via TBall] IMO...this ride is just about over with starting today. Trump reopened the US Gov for the RV....to get it done...Iraq needed this time to release it 1-3 weeks...They approved their budget for the first time in over 14 years on Tuesday...
1-26-2019 Newshound/Intel Guru Mnt Goat We still have 6 days remaining and I am still being told that the CBI has planned to complete the reinstatement sometime prior to the end of the month. We know that deep state operatives in the US government are keeping the Iraqi dinar from moving to an international status and being reinstated back on the global currency exchanges. ...This is intentional, so as not to let the Trump administration hold a huge economic boom for America. This would be a huge political win for him. Yes, I do now believe it is being intentionally held back at the detriment of Iraq. I can not give another timeline for a window for the reinstatement until this ongoing political battle (nightmare) is over in Washington, DC or at least settles down. I really thought that last Saturday was a hopeful time and we would have been at the banks this week already. But this did not happen.
1-25-2019 Newshound Guru Adam Montana [...I think I got into this back in 06. What has change since then, that you think we are getting close..Now granted they are finally have a little bit of infrastructure, but to today's standards is pretty much third world...] You are correct, things are still pretty much third world over there... but no more so than when their currency was 3X the USD. We're on the right track.
1-25-2019 Intel Guru ADMINBILL Another crazy day in our world of politics, finance and what we continue to wait patiently for - The GCR/RV. The overall picture is strengthening and hopes and expectations are running high. Stay focused and be ready for the change coming.
1-25-2019 Newshound Guru MilitiaMan Article: "$111 billion Iraq budget in 2019" Quote: "The budget amounted to 111.8 billion dollars with revenues rely mainly on oil exports at 3.9 million barrels per day..." Once they drop three zeros, as we expect, the Trillions become Billions. How they report it is gray area. Until they go live, assume trillions, but if they muddy the water on purpose, it is for a purpose... imo.
1-25-2019 Intel Guru Bruce The other thing that we heard was that the CBI had done what they needed to do except we are waiting for one more thing, and that one more thing might just be Iraq’s revalued dinar rate and putting it out internationally and it might occur at...the meeting of the World’s Economic Forum in Davos...the Iraqi dinar might be announced there with a new rate at that venue...Now tomorrow [Friday] is the last day... If they do I think that portends very well for us and it might actual trigger our start. [post 3 of 3]
1-25-2019 Intel Guru Bruce The other thing is Iraq’s budget...The most interesting about the budget is it was passed and it was immediately handed over to the Central Bank of Iraq so they could have it and go thru it. What is interesting about it is that this budget the various budget items were listed in billions and millions of dinar and not in trillions as in previous budgets. This means that the numbers they have in the budget are relative to a new revalued Dinar. That is very positive news. [post 2 of 3....stay tuned]
1-25-2019 Intel Guru Bruce We got a little burst of information to let us know we were on track. ...Just when you thought it was safe to go and concentrate on something else, you find it is still a little bit about Iraq...about them reverting back to their reinstated or in this case revaluated and what that is going to look like. What Iraq has done is...yesterday the Parliament passed all of the seating of the Parliament. Also they passed the Oil and Gas Law percentage of revenue that would go to Kurdistan...The actual percentage they ended up for with Kurdistan came in at 12.46%. [post 1 of 3....stay tuned]
1-25-2019 Newshound Guru Adam Montana [When the RV happens, and we decide to just chance it a take a few notes to a bank to exchange (for quick income) how long do you think the turn around time will be. Hours, days, weeks?...] Most likely, there will be a few windows. First is going to be the actual RV. We are going to know about that within hours, and there will likely be a lot of confusion. There will be a ton of misinformation flying around, 800 number scams, and all kinds of traps...I don't expect all banks to be operating at the same speed, so we may have locations for exchange on Day 1 in Houston, Los Angeles, and New York* (these are examples, NOT ACTUAL EXPECTED LOCATIONS). By Day 2 we may see operations in ten more cities, and it could be a full week before ALL locations with De La Rue machines actively exchanging. So that window right there is, by itself, "hours to days"...
1-25-2019 Newshound Guru Whitelions ...do you think that all those bills will go flooding back into the CBI once they raise the value? ...the bank you take it to and answers where all that money is going to go at that time they will hold on to (they have 10 years ) to see if they can get a better rate but at the same time the CBI can call it in...all you have to do is look up international banking laws and procedures to know...[so I am going to take 20 million dinar..to chase bank...and they are going to give me 60 million US Dollar] yes you are thinking in the middle to poor income frame of mind...Billions of dollars is transferred every day in the world this is no different...my take is it will rise in value we will all cash in and move on with our lives.
1-25-2019 Intel Guru ADMINBILL Another crazy day in our world of politics, finance and what we continue to wait patiently for - The GCR/RV. The overall picture is strengthening and hopes and expectations are running high. Stay focused and be ready for the change coming.
1-25-2019 Newshound Guru MilitiaMan Article: "$111 billion Iraq budget in 2019" Quote: "The budget amounted to 111.8 billion dollars with revenues rely mainly on oil exports at 3.9 million barrels per day..." Once they drop three zeros, as we expect, the Trillions become Billions. How they report it is gray area. Until they go live, assume trillions, but if they muddy the water on purpose, it is for a purpose... imo.
1-25-2019 Intel Guru Bruce The other thing that we heard was that the CBI had done what they needed to do except we are waiting for one more thing, and that one more thing might just be Iraq’s revalued dinar rate and putting it out internationally and it might occur at...the meeting of the World’s Economic Forum in Davos...the Iraqi dinar might be announced there with a new rate at that venue...Now tomorrow [Friday] is the last day... If they do I think that portends very well for us and it might actual trigger our start. [post 3 of 3]
1-25-2019 Intel Guru Bruce The other thing is Iraq’s budget...The most interesting about the budget is it was passed and it was immediately handed over to the Central Bank of Iraq so they could have it and go thru it. What is interesting about it is that this budget the various budget items were listed in billions and millions of dinar and not in trillions as in previous budgets. This means that the numbers they have in the budget are relative to a new revalued Dinar. That is very positive news. [post 2 of 3....stay tuned]
1-25-2019 Intel Guru Bruce We got a little burst of information to let us know we were on track. ...Just when you thought it was safe to go and concentrate on something else, you find it is still a little bit about Iraq...about them reverting back to their reinstated or in this case revaluated and what that is going to look like. What Iraq has done is...yesterday the Parliament passed all of the seating of the Parliament. Also they passed the Oil and Gas Law percentage of revenue that would go to Kurdistan...The actual percentage they ended up for with Kurdistan came in at 12.46%. [post 1 of 3....stay tuned]
1-25-2019 Newshound Guru Adam Montana [When the RV happens, and we decide to just chance it a take a few notes to a bank to exchange (for quick income) how long do you think the turn around time will be. Hours, days, weeks?...] Most likely, there will be a few windows. First is going to be the actual RV. We are going to know about that within hours, and there will likely be a lot of confusion. There will be a ton of misinformation flying around, 800 number scams, and all kinds of traps...I don't expect all banks to be operating at the same speed, so we may have locations for exchange on Day 1 in Houston, Los Angeles, and New York* (these are examples, NOT ACTUAL EXPECTED LOCATIONS). By Day 2 we may see operations in ten more cities, and it could be a full week before ALL locations with De La Rue machines actively exchanging. So that window right there is, by itself, "hours to days"...
1-25-2019 Newshound Guru Whitelions ...do you think that all those bills will go flooding back into the CBI once they raise the value? ...the bank you take it to and answers where all that money is going to go at that time they will hold on to (they have 10 years ) to see if they can get a better rate but at the same time the CBI can call it in...all you have to do is look up international banking laws and procedures to know...[so I am going to take 20 million dinar..to chase bank...and they are going to give me 60 million US Dollar] yes you are thinking in the middle to poor income frame of mind...Billions of dollars is transferred every day in the world this is no different...my take is it will rise in value we will all cash in and move on with our lives.
1-24-2019 Newshound/Intel Guru RVAlready Iraq getting budget passed got a huge amount of press coverage… Now we just need rate announcement from CBI.
1-24-2019 Intel Guru Delta Article: "Iraqi customs duties and import taxes to be enforced" CITIZENS WILL NOT SEE THE CHANGE ON PRICES RIGHT AWAY IT WILL TAKE AT LEAST A MONTH OR SO TO REFLECT THE INCREASE ON THE MARKET.... BY THEN IT WILL BE A HISTORY (wink) imo.
1-24-2019 Newshound Guru Whitelions The only thing the budget being passed shows us is that the GOV can work and get things done , The money inside the budget will adjust it always has and always work that way . [is this going to float? Are they being (forced) into it?] an MP said that the CBI said NO FLOAT...so just because an MP said it dose not make it so but on the other hand if the CBI said NO FLOAT thats a biggie.
1-24-2019 Intel Guru RayRen98 It’s official. The budget is legit.
1-24-2019 Newshound Guru Breitling Question: “Is the bank going to require anything from us upon a deposit exchange even when it’s millions or so?” No…the bank is not the IRS. The next step is the IRS. Figure out…what it’s going to revalue at. It might come in stages. What if the dinar comes in at 10 cents at first? It all depends on you. I’m not even going to speculate on what you should do. I get emails all the time asking “what if it comes in at 10 cents how much should I cash in?” I’m not going to answer those types of questions. There’s no way for me to know. It’s up to you. But what you need to worry about is how you’re going to be taxed…I think you’re going to be fine. There’s a process to go through if it ends up being a lot of money. Remember you’ll give the money to the bank and you’ll get a receipt. It won’t be like a regular receipt it will be like a certification and then the money will go to the treasury and they are going to certify it and then once it’s certified that money is going to go into your bank account. They are not going to give you a bunch of cash…that’s never going to happen.
1-24-2019 Newshound Guru Adam Montana When you look at the big picture, 15 years is a tiny window. It's a blip in history, and if you zoom out far enough, you barely even notice it on the timeline. ...Back to the current situation - it was only a couple weeks ago that we were talking about oil looking for $60 as a benchmark. We are hovering just above $50, but looking at the charts gives me a pretty nice feeling. ...it stands to reason that we're going to see a bit of ping-pong in the news. The Budget is one such ping pong item, with the following encouraging bit: There seems to be an agreement on what the Kurds will be getting, and it's a bit higher than what they were arguing about a few years ago. The fact that Baghdad is raising the ante for the Kurds could easily be telling us that they are getting a little looser with their wallets. If they were headed for a LOP, would they do that? I don't think so! [post 3 of 3]
1-24-2019 Newshound Guru Adam Montana Imagine the history books, as written 100 years from now. "In 2003, the country of Iraq went backwards. Their currency (IQD) plummeted from 3X the value of the USD to mere pennies on the dollar. Their government and political system was in shambles and they were under extreme scrutiny from the outside world, the United Nations, and more. Despite these setbacks and challenges, the people of Iraq were determined to regain their former position in the world. With some deft political moves and shrewd business practices, Iraq revalued their currency in the year 2019. It was a move that shocked the markets but also stimulated the global economy... " [post 2 of 3....stay tuned]
1-24-2019 Newshound Guru Adam Montana The landscape in Iraq is changing faster than ever these last few weeks. I'm still placing a lot of weight on the overall oil situation, which should not come as a surprise. HCL is about oil. Iraq's wealth is backed by oil. Iraq's history as a wealthy nation is OIL. Iraq still has... oil. It's only the last decade or so that Iraq has not been a wealthy nation, and it's my firm belief that they will return to that prosperity. They have been working their way back for some time now, and 15 years may seem like a long time to some, but let's take a look at the bigger picture... [post 1 of 3....stay tuned]
1-24-2019 Intel Guru Delta Article: "Iraqi customs duties and import taxes to be enforced" CITIZENS WILL NOT SEE THE CHANGE ON PRICES RIGHT AWAY IT WILL TAKE AT LEAST A MONTH OR SO TO REFLECT THE INCREASE ON THE MARKET.... BY THEN IT WILL BE A HISTORY (wink) imo.
1-24-2019 Newshound Guru Whitelions The only thing the budget being passed shows us is that the GOV can work and get things done , The money inside the budget will adjust it always has and always work that way . [is this going to float? Are they being (forced) into it?] an MP said that the CBI said NO FLOAT...so just because an MP said it dose not make it so but on the other hand if the CBI said NO FLOAT thats a biggie.
1-24-2019 Intel Guru RayRen98 It’s official. The budget is legit.
1-24-2019 Newshound Guru Breitling Question: “Is the bank going to require anything from us upon a deposit exchange even when it’s millions or so?” No…the bank is not the IRS. The next step is the IRS. Figure out…what it’s going to revalue at. It might come in stages. What if the dinar comes in at 10 cents at first? It all depends on you. I’m not even going to speculate on what you should do. I get emails all the time asking “what if it comes in at 10 cents how much should I cash in?” I’m not going to answer those types of questions. There’s no way for me to know. It’s up to you. But what you need to worry about is how you’re going to be taxed…I think you’re going to be fine. There’s a process to go through if it ends up being a lot of money. Remember you’ll give the money to the bank and you’ll get a receipt. It won’t be like a regular receipt it will be like a certification and then the money will go to the treasury and they are going to certify it and then once it’s certified that money is going to go into your bank account. They are not going to give you a bunch of cash…that’s never going to happen.
1-24-2019 Newshound Guru Adam Montana When you look at the big picture, 15 years is a tiny window. It's a blip in history, and if you zoom out far enough, you barely even notice it on the timeline. ...Back to the current situation - it was only a couple weeks ago that we were talking about oil looking for $60 as a benchmark. We are hovering just above $50, but looking at the charts gives me a pretty nice feeling. ...it stands to reason that we're going to see a bit of ping-pong in the news. The Budget is one such ping pong item, with the following encouraging bit: There seems to be an agreement on what the Kurds will be getting, and it's a bit higher than what they were arguing about a few years ago. The fact that Baghdad is raising the ante for the Kurds could easily be telling us that they are getting a little looser with their wallets. If they were headed for a LOP, would they do that? I don't think so! [post 3 of 3]
1-24-2019 Newshound Guru Adam Montana Imagine the history books, as written 100 years from now. "In 2003, the country of Iraq went backwards. Their currency (IQD) plummeted from 3X the value of the USD to mere pennies on the dollar. Their government and political system was in shambles and they were under extreme scrutiny from the outside world, the United Nations, and more. Despite these setbacks and challenges, the people of Iraq were determined to regain their former position in the world. With some deft political moves and shrewd business practices, Iraq revalued their currency in the year 2019. It was a move that shocked the markets but also stimulated the global economy... " [post 2 of 3....stay tuned]
1-24-2019 Newshound Guru Adam Montana The landscape in Iraq is changing faster than ever these last few weeks. I'm still placing a lot of weight on the overall oil situation, which should not come as a surprise. HCL is about oil. Iraq's wealth is backed by oil. Iraq's history as a wealthy nation is OIL. Iraq still has... oil. It's only the last decade or so that Iraq has not been a wealthy nation, and it's my firm belief that they will return to that prosperity. They have been working their way back for some time now, and 15 years may seem like a long time to some, but let's take a look at the bigger picture... [post 1 of 3....stay tuned]
1-23-2019 Intel Guru Delta Article: "THE HOUSE OF REPRESENTATIVES VOTES ON BUDGET LAW OF 2019" DONE...
1-23-2019 Newshound/Intel Guru Mnt Goat THE NEWS ON THE IRAQI DINAR REINSTATEMENT: There is some good news as I know the CBI desperately wants to move ahead with this process but is being held back. Over this past weekend we had a situation when the CBI wanted to reinstate and tried to pull the trigger. It was unsuccessful. Some ask me how did I know since no one knows a date or a firm rate. ...I did not know a date or a rate until AFTER the fact. How could I? I just happened to have called my CBI contact to get an update and this is what I was told. Are they lying to me? ...maybe …but I don’t think so. The very good news is the CBI still has plans for the month of January and we still have 9 days remaining…
1-23-2019 Newshound Guru Kaperoni From what I am reading today it sounds like parliament passed the budget today at the 7pm session. Need more confirmation but looks like good news.
1-23-2019 Intel Guru RayRen98 THE WAIT IS "SUPPOSEDLY" OVER...IT'S DONE...IT'S FINISHED...THE RV IS ON ITS' WAY...NO MORE TALKIN'-NO MORE TESTIN'...BRING IT ON ALREADY! ITS YOUR SEASON!!! IF NOT THIS WEEK...I'LL BE SURPRISED BIG TIME...We are just waiting for the call any day... or any hour . . .or any minute. Time will tell.
1-23-2019 Newshound Guru Breitling …the price per barrel has gone down a lot faster than what they anticipated. And the United States is taking over the world market faster than anticipated…remember their [Iraq’s] bottom line is $54-$55 per barrel Brent Price…What happens to their country when they need more? Guess what that goalpost moves and they are going to need more money…Article “U.S. could soon pump more crude than Saudia can at their peak”…we are moving a lot faster than we thought we were going to…this should make you happy. That’s good news. That’s super good news…that’s what I love about the information coming out of the oil industry. Because it means everything for us. You should be very very happy.
1-23-2019 Intel Guru Bruce [via PinkRoses] ...a lot of our sources have been silenced...they are either on gag orders, some...put under an NDA, and a lot of them just are unable to speak anymore because this is just happening so close right now. You know about the World Economic Forum in Davos, Switzerland...we do understand Iraq will announce their new currency and their new rate on the Iraqi Dinar at Davos. When it comes to our timing, we have heard really good things about Tuesday, Wednesday, and Thursday this week. I just can’t call one day or the other, but I think we are looking very strong for this week. I am feeling very good where we are...If anything I am more excited than ever... I think we are going to be pleasantly surprised in the next couple of days.
1-23-2019 Newshound Guru MilitiaMan Article: "Abdul Mahdi "comfortable" for his long stay on the head of the interior and defense .. Sadr does not mind" This is very good news...Now that that is effectively settled imo, the next move is the rate announcement before the budget...?? hmm we shall see and possibly before they vote on Wednesday or Thursday. Gotta vote on what it is in it right? So now that he (Mahdi) has Sadr on the deck allowing Mahdi to head the Interior and Defense, he can now focus on the announcement of not only his first 100 days but, what the citizens want to hear about the CBI the future of their new money...imo...We shall see...That is not something to take lightly... We know Mahdi can make the Art 8 announcement and it would be a very appropriate time to do so...imo.. Let see how it rolls. But, with the Interior and Defense out of the way nothing left but the Art 8, rate for the budget that the Big 3 Firms most likely approved of Sunday.. imo..
1-23-2019 Newshound/Intel Guru Mnt Goat THE NEWS ON THE IRAQI DINAR REINSTATEMENT: There is some good news as I know the CBI desperately wants to move ahead with this process but is being held back. Over this past weekend we had a situation when the CBI wanted to reinstate and tried to pull the trigger. It was unsuccessful. Some ask me how did I know since no one knows a date or a firm rate. ...I did not know a date or a rate until AFTER the fact. How could I? I just happened to have called my CBI contact to get an update and this is what I was told. Are they lying to me? ...maybe …but I don’t think so. The very good news is the CBI still has plans for the month of January and we still have 9 days remaining…
1-23-2019 Newshound Guru Kaperoni From what I am reading today it sounds like parliament passed the budget today at the 7pm session. Need more confirmation but looks like good news.
1-23-2019 Intel Guru RayRen98 THE WAIT IS "SUPPOSEDLY" OVER...IT'S DONE...IT'S FINISHED...THE RV IS ON ITS' WAY...NO MORE TALKIN'-NO MORE TESTIN'...BRING IT ON ALREADY! ITS YOUR SEASON!!! IF NOT THIS WEEK...I'LL BE SURPRISED BIG TIME...We are just waiting for the call any day... or any hour . . .or any minute. Time will tell.
1-23-2019 Newshound Guru Breitling …the price per barrel has gone down a lot faster than what they anticipated. And the United States is taking over the world market faster than anticipated…remember their [Iraq’s] bottom line is $54-$55 per barrel Brent Price…What happens to their country when they need more? Guess what that goalpost moves and they are going to need more money…Article “U.S. could soon pump more crude than Saudia can at their peak”…we are moving a lot faster than we thought we were going to…this should make you happy. That’s good news. That’s super good news…that’s what I love about the information coming out of the oil industry. Because it means everything for us. You should be very very happy.
1-23-2019 Intel Guru Bruce [via PinkRoses] ...a lot of our sources have been silenced...they are either on gag orders, some...put under an NDA, and a lot of them just are unable to speak anymore because this is just happening so close right now. You know about the World Economic Forum in Davos, Switzerland...we do understand Iraq will announce their new currency and their new rate on the Iraqi Dinar at Davos. When it comes to our timing, we have heard really good things about Tuesday, Wednesday, and Thursday this week. I just can’t call one day or the other, but I think we are looking very strong for this week. I am feeling very good where we are...If anything I am more excited than ever... I think we are going to be pleasantly surprised in the next couple of days.
1-23-2019 Newshound Guru MilitiaMan Article: "Abdul Mahdi "comfortable" for his long stay on the head of the interior and defense .. Sadr does not mind" This is very good news...Now that that is effectively settled imo, the next move is the rate announcement before the budget...?? hmm we shall see and possibly before they vote on Wednesday or Thursday. Gotta vote on what it is in it right? So now that he (Mahdi) has Sadr on the deck allowing Mahdi to head the Interior and Defense, he can now focus on the announcement of not only his first 100 days but, what the citizens want to hear about the CBI the future of their new money...imo...We shall see...That is not something to take lightly... We know Mahdi can make the Art 8 announcement and it would be a very appropriate time to do so...imo.. Let see how it rolls. But, with the Interior and Defense out of the way nothing left but the Art 8, rate for the budget that the Big 3 Firms most likely approved of Sunday.. imo..
1-22-2019 Newshound/Intel Guru Mnt Goat ...The CBI has told us in multiple articles that the 3 zero notes would be used later (after the event) almost exclusively for inter-banking transactions for trading. Later these larger notes are NOT meant to be in the publics hands thus 10 ten years to get all of them (the remaining 2/3 out of circulation). So you as an owner of these larger notes, when you do to the bank, the banks will want these dinars since they will be VERY valuable. When we exchange our dinars, we are acting as we are bankers not ordinary Iraqi citizens. This is the key to understanding this exchange process and just because it is so different than other forms of re-denominations... [post 3 of 3]
1-22-2019 Newshound/Intel Guru Mnt Goat ...How can banks then differentiate the rate to the different notes? They can’t and so a dinar is a dinar. Example: So let’s say you took a newer category note of 1 dinar to the bank and exchanged it after the reinstatement. The new rate is 1: 3 meaning 1 IQD is worth $3 USD. You would get $3 USD. Then if you took an older 25,000 dinar note to the same bank they would have to apply the same FOREX rate of 1: 3 to this note too. They will not be able to differentiate. Get it? Thus you would get $75,000 USD in exchange. So yes, the currency you hold would be much stronger. [post 2 of 3....stay tuned]
1-22-2019 Newshound/Intel Guru Mnt Goat [Will by deleting the zeros it makes the currency stronger , therefore making our investment more valuable?] Yes, by deleting the ZEROS this will make the currency stronger thus also our investment. On the surface it looks like your 1,000 dinar note would only become worth only 1 dinar. But what most forget or don’t know is that the two currencies will “coincide” together for up to 10 years. That means the older 3 zero notes and the newer lower category notes will both be in circulation at the same time... [post 1 of 3....stay tuned]
1-22-2019 Intel Guru Frank26 [via Clare] The USD is no longer wearing the same suit that supported a PR (Program Rate). The USD is being used to SUPPORT the lifting of the 3 zeros...The USD was used like a cane, a walker, for the IQD. The IQD is being used to pay it's bills at a rate of 1-1 ...not for a PR! For the lifting of the 3 zeros that gives power to the dinar. The IQD can now stand next to the USD. 5.5 billion in Iraq... No longer used to pay bills and it stands next to the IQD...It stood next to the IQD to support it...Now the USD is pouring in to invest in Iraq.
1-22-2019 Newshound/Intel Guru David M. Witty Iraqi Speaker of Parliament says next meeting will hold vote to complete cabinet formation & vote on 2019 national budget.
1-22-2019 Newshound/Intel Guru RVAlready At the moment, I can see no reason to delay the RV, and lots of reasons to go ahead immediately. After all, everyone says they are ready, so they should do it right now.
1-22-2019 Newshound/Intel Guru Mnt Goat ...the reinstatement of the Iraqi dinar should have taken place over the weekend and was held up again due to NSA security reasons. I have talked to my CBI contact and I am told that they are getting tired of this postponement and really need this currency to move ahead with the reconstruction phase. They are already a year late in their five year plan 2018-2022. The good news is there is still 10 days remaining in January and this month is the best opportunity for the CBI to do it for accounting reasons. Their fiscal accounting year coincides with the calendar new year unlike the western world that begins on Oct 1st.
1-22-2019 Newshound/Intel Guru Mnt Goat ...How can banks then differentiate the rate to the different notes? They can’t and so a dinar is a dinar. Example: So let’s say you took a newer category note of 1 dinar to the bank and exchanged it after the reinstatement. The new rate is 1: 3 meaning 1 IQD is worth $3 USD. You would get $3 USD. Then if you took an older 25,000 dinar note to the same bank they would have to apply the same FOREX rate of 1: 3 to this note too. They will not be able to differentiate. Get it? Thus you would get $75,000 USD in exchange. So yes, the currency you hold would be much stronger. [post 2 of 3....stay tuned]
1-22-2019 Newshound/Intel Guru Mnt Goat [Will by deleting the zeros it makes the currency stronger , therefore making our investment more valuable?] Yes, by deleting the ZEROS this will make the currency stronger thus also our investment. On the surface it looks like your 1,000 dinar note would only become worth only 1 dinar. But what most forget or don’t know is that the two currencies will “coincide” together for up to 10 years. That means the older 3 zero notes and the newer lower category notes will both be in circulation at the same time... [post 1 of 3....stay tuned]
1-22-2019 Intel Guru Frank26 [via Clare] The USD is no longer wearing the same suit that supported a PR (Program Rate). The USD is being used to SUPPORT the lifting of the 3 zeros...The USD was used like a cane, a walker, for the IQD. The IQD is being used to pay it's bills at a rate of 1-1 ...not for a PR! For the lifting of the 3 zeros that gives power to the dinar. The IQD can now stand next to the USD. 5.5 billion in Iraq... No longer used to pay bills and it stands next to the IQD...It stood next to the IQD to support it...Now the USD is pouring in to invest in Iraq.
1-22-2019 Newshound/Intel Guru David M. Witty Iraqi Speaker of Parliament says next meeting will hold vote to complete cabinet formation & vote on 2019 national budget.
1-22-2019 Newshound/Intel Guru RVAlready At the moment, I can see no reason to delay the RV, and lots of reasons to go ahead immediately. After all, everyone says they are ready, so they should do it right now.
1-22-2019 Newshound/Intel Guru Mnt Goat ...the reinstatement of the Iraqi dinar should have taken place over the weekend and was held up again due to NSA security reasons. I have talked to my CBI contact and I am told that they are getting tired of this postponement and really need this currency to move ahead with the reconstruction phase. They are already a year late in their five year plan 2018-2022. The good news is there is still 10 days remaining in January and this month is the best opportunity for the CBI to do it for accounting reasons. Their fiscal accounting year coincides with the calendar new year unlike the western world that begins on Oct 1st.
1-21-2019 Intel Guru RayRen98 ...The Budget is "supposed" to be voted on during Tuesdays' session. Members are dissatisfied with Mahdi's progress during his first 100 days.
1-21-2019 Newshound Guru MilitiaMan We just watched a few of the largest firms in the world have a meeting with Alak today. All in the same room. ...Iraq is ready and they had to get on the same page for whats coming now, as it will be different than before. imo.. The meeting with those who dot the I’s and cross the T’s were at the central bank today and word is there was cargo leaving the banks at night.. Makes one wonder at this present time why? Don’t forget, the central bank issues cash... all imo.
1-21-2019 Newshound/Intel Guru Mnt Goat [Is the CBI saying replacing the larger 3 zero notes with new currency?] If they remove three zeros the IQD it will be replaced by a new lower category currency thus when the CBI reinstates the currency they will have to raise the rate. But they do not need to get all the 3 zeros notes changed over. In fact the plan does not call for all of them either. Once the reinstatement occurs they told us it will take up to 10 years to get all these 3 zero notes out of circulation. So the reinstatement is also pivotal in this process.
1-21-2019 Intel Guru Frank26 Article: "The supervisory and auditing bodies meet in the Central Bank of Iraq" Quote: “a meeting of the bank held today under the chairmanship of the Governor, and the presence of the President of the Office of Financial Supervision, the head of the board of Securities, and the captain of accountants and auditors, and Vice-President of the Iraqi Association of Certified Public Accountants, and representatives of international audit firms (KPMG, Ernst & Young, Price waterhouse Coopers)." INTER .............. NA ...................TION ............... AL !!!
1-21-2019 Newshound Guru MilitiaMan Article: "The supervisory and auditing bodies meet in the Central Bank of Iraq" Quote: “a meeting of the bank held today under the chairmanship of the Governor, and the presence of the President of the Office of Financial Supervision, the head of the board of Securities, and the captain of accountants and auditors, and Vice-President of the Iraqi Association of Certified Public Accountants, and representatives of international audit firms (KPMG, Ernst & Young, Price waterhouse Coopers)." Alak is sitting at the head of the table and has everyone's attention...The attention of three of the largest firms in their line of work in the World. They will need to coordinate with each other from here on out. We should all be smiling about now with the timing of the meeting. The numbers not only on the new notes will have to be accounted for and well managed just as contracts will be when during and after the (RD/RI/RV) process of completion of the Monetary Reform and the re construction of the country...IMO.
1-21-2019 Newshound Guru MilitiaMan We just watched a few of the largest firms in the world have a meeting with Alak today. All in the same room. ...Iraq is ready and they had to get on the same page for whats coming now, as it will be different than before. imo.. The meeting with those who dot the I’s and cross the T’s were at the central bank today and word is there was cargo leaving the banks at night.. Makes one wonder at this present time why? Don’t forget, the central bank issues cash... all imo.
1-21-2019 Newshound/Intel Guru Mnt Goat [Is the CBI saying replacing the larger 3 zero notes with new currency?] If they remove three zeros the IQD it will be replaced by a new lower category currency thus when the CBI reinstates the currency they will have to raise the rate. But they do not need to get all the 3 zeros notes changed over. In fact the plan does not call for all of them either. Once the reinstatement occurs they told us it will take up to 10 years to get all these 3 zero notes out of circulation. So the reinstatement is also pivotal in this process.
1-21-2019 Intel Guru Frank26 Article: "The supervisory and auditing bodies meet in the Central Bank of Iraq" Quote: “a meeting of the bank held today under the chairmanship of the Governor, and the presence of the President of the Office of Financial Supervision, the head of the board of Securities, and the captain of accountants and auditors, and Vice-President of the Iraqi Association of Certified Public Accountants, and representatives of international audit firms (KPMG, Ernst & Young, Price waterhouse Coopers)." INTER .............. NA ...................TION ............... AL !!!
1-21-2019 Newshound Guru MilitiaMan Article: "The supervisory and auditing bodies meet in the Central Bank of Iraq" Quote: “a meeting of the bank held today under the chairmanship of the Governor, and the presence of the President of the Office of Financial Supervision, the head of the board of Securities, and the captain of accountants and auditors, and Vice-President of the Iraqi Association of Certified Public Accountants, and representatives of international audit firms (KPMG, Ernst & Young, Price waterhouse Coopers)." Alak is sitting at the head of the table and has everyone's attention...The attention of three of the largest firms in their line of work in the World. They will need to coordinate with each other from here on out. We should all be smiling about now with the timing of the meeting. The numbers not only on the new notes will have to be accounted for and well managed just as contracts will be when during and after the (RD/RI/RV) process of completion of the Monetary Reform and the re construction of the country...IMO.
1-20-2019 Intel Guru RayRen98 I do not believe the NSA is involved in such a manner as some are suggesting... The BIS appears to be a likely reason the "activity" hasn't commenced yet. Even though banks are closed on Monday for the holiday, it is expected that progress reports may become self-evident on that day. Iraqi TV is broadcasting that Iraq's doors are open to the world...this is considered as an effort to obtain world-wide investors. Time Will Tell!!!
1-20-2019 Newshound/Intel Guru Mnt Goat You all want to know what is holding up the Iraq dinar reinstatement? ...We have heard the paperwork is all completed, the approvals given. Even the codes to release the funds necessary for the exchanges to take place are out. Yet...here we sit still waiting. ...So the excuse given once again? We are hearing that it is once again...a matter of "National Security" as the NSA stopped the final trigger. As they have done so many times in the past. I am certainly not one to call the RV every day or every weekend but I know without a shadow of a doubt that this time it was supposed to go. Yes, it was planned for...Jan 19th 2019 exact timing unknown. The Central Bank of Iraq is reporting that "this is getting old" and that something must be done. They need their currency to move ahead with the reconstruction funding payments...
1-20-2019 Newshound Guru Kirk H. Sowell So another parliament session with cabinet votes not on the schedule. The deadlock continues.
1-20-2019 Newshound/Intel Guru Mnt Goat You all want to know what is holding up the Iraq dinar reinstatement? ...We have heard the paperwork is all completed, the approvals given. Even the codes to release the funds necessary for the exchanges to take place are out. Yet...here we sit still waiting. ...So the excuse given once again? We are hearing that it is once again...a matter of "National Security" as the NSA stopped the final trigger. As they have done so many times in the past. I am certainly not one to call the RV every day or every weekend but I know without a shadow of a doubt that this time it was supposed to go. Yes, it was planned for...Jan 19th 2019 exact timing unknown. The Central Bank of Iraq is reporting that "this is getting old" and that something must be done. They need their currency to move ahead with the reconstruction funding payments...
1-20-2019 Newshound Guru Kirk H. Sowell So another parliament session with cabinet votes not on the schedule. The deadlock continues.
1-19-2019 Newshound/Intel Guru Mnt Goat 2014 Article: "IRAQI DINAR REVALUATION POSTPONED BY CENTRAL BANK FOR 5 YEARS SAYS MP NOURA AL-BAJARI" This article shows us two things: 1)that the policy to delete the zeros is now ready to go by 2014 (remember in 2008-2011 they were NOT ready.) So what has changed? All the efforts of banking and financial reforms under Abadi, I quote from the article – “THE POLICY TO DELETE ZEROS FROM THE IRAQI CURRENCY IS READY TO BE EXECUTED BY THE CENTRAL BANK“ 2) it shows us that the ISIS invasion in 2014 postponed the project even tough the CBI was ready. They projected a 5 year wait afterwards to do it. This brings us to 2019. Right? I quote from the article – “Central Bank although it will be delayed by five years given the political and security situation of Iraq.”
1-19-2019 Newshound Guru Kaperoni I try to tell people that the CBI needs to make money. A RV or RI could never happen because it circumvents those CBI principals. A float not only is a tool to relieve pressure created by an influx of investment capital it serves as a tool for the CBI to make money (commission) off the buy/sell of the dinar as it rises. The CBI would never give up such a step as it needs to generate revenue. The...RV or RI stories are nonsense. There is no overnight event...
1-19-2019 Newshound/Intel Guru RVAlready Still no budget, but that will not hold up the RV. They are completely separate. In fact, it would be easier on the budget if the RV happened first. It would make equipment purchases from Europe and the US more economical.
1-19-2019 Newshound Guru MilitiaMan The source...At first...said we are going to be happy this Saturday... What was asked of him on a scale of 1-10 how good is the news coming to the citizens? A 10 was the answer...Next week being a 10 on the scale is huge for us... lets add in the additional data [Guru] Delta brought in with the URGENT MEASURES and FORCED to FLOAT Currency and just in on the 2019 Budget ready for approval this evening, this place we are in is very nice! If they are getting FORCED into a float? Awesome is better than nice! imo So lets see if this weekend turns out as good, as I think it can be. [post 2 of 2]
1-19-2019 Newshound Guru MilitiaMan ...The article a source brought me...shows the heat is on and the pressure is building to get the 2019 budget done and the citizens what to expect within that budget and what they want from all the promises they have been given. I had my source and another source confirm that the citizens have been told in the Mosques that they were to expect this to have been done on or around the 4/5th of this month and then, no go. ...Well, I / We believe they were placated...about the basket of currencies being too low, thus, they may have used that information to tell the citizens to sit tight, as we are going to adjust the basket and you'll get more purchase power in the end. [post 1 of 2....stay tuned]
1-19-2019 Newshound Guru Breitling I think Iraq’s oil production is about 4 million barrels per day…Iraq is the second largest oil producer in OPEC and the 5th largest oil reserve. So look at the Saudi Arabia currency, what’s the value of that?
1-19-2019 Newshound Guru Kaperoni I try to tell people that the CBI needs to make money. A RV or RI could never happen because it circumvents those CBI principals. A float not only is a tool to relieve pressure created by an influx of investment capital it serves as a tool for the CBI to make money (commission) off the buy/sell of the dinar as it rises. The CBI would never give up such a step as it needs to generate revenue. The...RV or RI stories are nonsense. There is no overnight event...
1-19-2019 Newshound/Intel Guru RVAlready Still no budget, but that will not hold up the RV. They are completely separate. In fact, it would be easier on the budget if the RV happened first. It would make equipment purchases from Europe and the US more economical.
1-19-2019 Newshound Guru MilitiaMan The source...At first...said we are going to be happy this Saturday... What was asked of him on a scale of 1-10 how good is the news coming to the citizens? A 10 was the answer...Next week being a 10 on the scale is huge for us... lets add in the additional data [Guru] Delta brought in with the URGENT MEASURES and FORCED to FLOAT Currency and just in on the 2019 Budget ready for approval this evening, this place we are in is very nice! If they are getting FORCED into a float? Awesome is better than nice! imo So lets see if this weekend turns out as good, as I think it can be. [post 2 of 2]
1-19-2019 Newshound Guru MilitiaMan ...The article a source brought me...shows the heat is on and the pressure is building to get the 2019 budget done and the citizens what to expect within that budget and what they want from all the promises they have been given. I had my source and another source confirm that the citizens have been told in the Mosques that they were to expect this to have been done on or around the 4/5th of this month and then, no go. ...Well, I / We believe they were placated...about the basket of currencies being too low, thus, they may have used that information to tell the citizens to sit tight, as we are going to adjust the basket and you'll get more purchase power in the end. [post 1 of 2....stay tuned]
1-19-2019 Newshound Guru Breitling I think Iraq’s oil production is about 4 million barrels per day…Iraq is the second largest oil producer in OPEC and the 5th largest oil reserve. So look at the Saudi Arabia currency, what’s the value of that?
1-18-2019 Newshound/Intel Guru Mnt Goat In today’s news we are also seeing more pressure to stop or greatly limit the currency auctions. OH – but how can they do that without putting the dinar on a FLOAT and reinstating it back to it former glory on the global currency exchanges? Simply put they can’t... This reinforces again that something is about to happen with the Iraqi currency. It almost has to as the pressure is building and the bubble is about to pop. January is only half over and so there is plenty of time yet to see some more actions in this direction. How far can they proceed without the reinstatement?
1-18-2019 Newshound Guru Breitling What are you guys [Iraq] up to? Ok so you don’t revalue at 54 cents, 90 cents…you can do 10 cents. I know you guys can do that and you don’t even have to blink. It’s not going to hurt your economy one way or the other. How do we know that? Look at the other currencies in the middle east…that’s how you figure that out. So after Saudi Arabia who’s the biggest producer of oil in OPEC? It’s Iraq. Iraq has the 5th largest reserve in the world…So you start looking at these other counties and what they produce and how much their currency is and it doesn’t make sense does it? Remember I talked about undervalued stock? Undervalued currency is that simple…I love it cause that’s how it works.
1-18-2019 Newshound Guru Adam Montana [...does Brexit have any effect on our Dinar investment?] In a roundabout way it does, because global events always have some impact... so, yes. But it doesn't merit any concern for us at this time.
1-18-2019 Newshound Guru Kaperoni A few people have asked for my opinion on the recent float article as to what "forced" means? My view when I read the article is this MP is saying we can continue to have citizens on state payroll and take loans to support the budget or we can learn from some of these other countries and float the dinar and invite foreign investment into the country. I don't think its a question of being forced...just a decision to get away from a state run oil dependent country and create a private sector supported by foreign investment. So a float is what is coming.
1-18-2019 Intel Guru Bruce [via PinkRoses] The most recent picture has this happening either before January 21st...with some emphasis I am getting ...January 18th or Saturday. If not we skip over January 21st and go to January 22nd...It doesn’t guarantee it...It just means that is what I am hearing from very trusted sources that are very close to the situation. Iraq has basically been done and is no longer an issue the last six weeks...Iraq is out of the picture. If you are focusing on Iraq, you are in the wrong game. Let it go. It is done, done and done...I am going to say everything is still moving along like we think. Rates will be high. We just need the Go Signal. I am looking for that Go Signal anytime now.
1-18-2019 Newshound Guru Breitling …They [Iraq] don’t have to revalue in one big pop or shot. They can revalue little by little. I’m not talking about a tenth of a penny. I’m talking about adding 10, 15, 20 cents a pop. Why they haven’t done it yet I don’t know. I simply do not have an answer for that. Because if I was them that’s exactly what I would be doing. I understand they have to protect themselves and not make it too expensive overnight to invest in Iraq…90% of their export is oil. That’s their economy. And the price of oil is going down so they are not making as much money. $56 a barrel is their break even point. I think it’s $54 to $56. They don’t just have to revalue for their sake. They have to send signals out to the international markets saying “we’re out to play.” If they are going to keep their currency low people are not going to send product to Iraq to be able to trade. It kind of binds them up. They need to start doing something.
1-18-2019 Newshound Guru MilitiaMan "FROM IRAQI TV: The Economic and Investment Committee.... Iraq may be forced to float the dinar to encourage investment in Iraq." Using words like Urgent Measures to reduce Auctions earlier, and now they may be FORCED to FLOAT the DINAR!!! The language is very powerful, thus, it is very important.. Again, the CBI stated the other day now, that the 2% fee on $20.00 (transactions) will cease on Sunday, thus, the take away is they may show us smalls.. imo.. Why all the Urgency? Logic points to reforms being completed, thus, change is coming...imo.
1-18-2019 Newshound Guru Breitling What are you guys [Iraq] up to? Ok so you don’t revalue at 54 cents, 90 cents…you can do 10 cents. I know you guys can do that and you don’t even have to blink. It’s not going to hurt your economy one way or the other. How do we know that? Look at the other currencies in the middle east…that’s how you figure that out. So after Saudi Arabia who’s the biggest producer of oil in OPEC? It’s Iraq. Iraq has the 5th largest reserve in the world…So you start looking at these other counties and what they produce and how much their currency is and it doesn’t make sense does it? Remember I talked about undervalued stock? Undervalued currency is that simple…I love it cause that’s how it works.
1-18-2019 Newshound Guru Adam Montana [...does Brexit have any effect on our Dinar investment?] In a roundabout way it does, because global events always have some impact... so, yes. But it doesn't merit any concern for us at this time.
1-18-2019 Newshound Guru Kaperoni A few people have asked for my opinion on the recent float article as to what "forced" means? My view when I read the article is this MP is saying we can continue to have citizens on state payroll and take loans to support the budget or we can learn from some of these other countries and float the dinar and invite foreign investment into the country. I don't think its a question of being forced...just a decision to get away from a state run oil dependent country and create a private sector supported by foreign investment. So a float is what is coming.
1-18-2019 Intel Guru Bruce [via PinkRoses] The most recent picture has this happening either before January 21st...with some emphasis I am getting ...January 18th or Saturday. If not we skip over January 21st and go to January 22nd...It doesn’t guarantee it...It just means that is what I am hearing from very trusted sources that are very close to the situation. Iraq has basically been done and is no longer an issue the last six weeks...Iraq is out of the picture. If you are focusing on Iraq, you are in the wrong game. Let it go. It is done, done and done...I am going to say everything is still moving along like we think. Rates will be high. We just need the Go Signal. I am looking for that Go Signal anytime now.
1-18-2019 Newshound Guru Breitling …They [Iraq] don’t have to revalue in one big pop or shot. They can revalue little by little. I’m not talking about a tenth of a penny. I’m talking about adding 10, 15, 20 cents a pop. Why they haven’t done it yet I don’t know. I simply do not have an answer for that. Because if I was them that’s exactly what I would be doing. I understand they have to protect themselves and not make it too expensive overnight to invest in Iraq…90% of their export is oil. That’s their economy. And the price of oil is going down so they are not making as much money. $56 a barrel is their break even point. I think it’s $54 to $56. They don’t just have to revalue for their sake. They have to send signals out to the international markets saying “we’re out to play.” If they are going to keep their currency low people are not going to send product to Iraq to be able to trade. It kind of binds them up. They need to start doing something.
1-18-2019 Newshound Guru MilitiaMan "FROM IRAQI TV: The Economic and Investment Committee.... Iraq may be forced to float the dinar to encourage investment in Iraq." Using words like Urgent Measures to reduce Auctions earlier, and now they may be FORCED to FLOAT the DINAR!!! The language is very powerful, thus, it is very important.. Again, the CBI stated the other day now, that the 2% fee on $20.00 (transactions) will cease on Sunday, thus, the take away is they may show us smalls.. imo.. Why all the Urgency? Logic points to reforms being completed, thus, change is coming...imo.
1-17-2019 Newshound Guru Breitling People are asking me about the oil prices. There’s a big panic in the dinar world because the oil prices started going up…Fact - the United States has control over the oil markets and the price is going to go down. It’s going to force these countries to do all sorts of stuff…cause they are going to go broke if they don’t. They know it. We know it. We know where their break even points are…so people are seeing the oil prices go up. It’s short term.
1-17-2019 Intel Guru Delta FROM IRAQI TV: The Economic and Investment Committee.... Iraq may be forced to float the dinar to encourage investment in Iraq.
1-17-2019 Newshound/Intel Guru Mnt Goat Article: "WHEN WILL THE IRAQI DINAR BE REVALUED?" So again the CBI is telling us and I quote - “the revaluation of the Iraqi dinar is ready to be implemented by the country’s Central Bank; however, the Parliamentary Economic and Investment Commission HAD DECIDED TO POSTPONE THE REVALUATION UNTIL NOW TO 2019”. What is this telling us? 1)Again the CBI does not work alone and needs the support of the rest of the government. 2)The project to delete the zeros was postponed until 2019. Again...this confirms that perhaps this year of 2019 is our year to get it done. It is now January 2019 folks!
1-17-2019 Newshound Guru Kaperoni I...want to point out every year someone says look at the budget for a change. ...The budget has nothing to do with any reforms and can be made retroactive at anytime.
1-17-2019 Newshound Guru MilitiaMan The answer from the contact specifically says...as I have and others have suggested...They are article 8 compliant imo ... Like has been said for years, they don’t have to tell us.. But by actions they are. ...In other words. Imo, They show us they are article 8 just as they rightfully can without yet specifically saying so for 30 days ...
1-17-2019 Intel Guru Delta Single Currency Crosses...LOT OF MOVEMENT NEVER SEEN BEFORE...SPECIALLY...EUR/IQD AND GBP/IQD...
1-17-2019 Intel Guru Frank26 ...IMO, on December the 30 when my friends firm was given 240 contracts at a rate of one to one with the American dollar they lifted the three zeros electronically in country!!! And this is exactly what they told you they were going to do!!! ...240 contracts are a lot of contracts at a new RI rate.. And as I said they have gone from the NEER (Nominal effective Exchange rate) to the REER (Real effective Exchange Rate). Soon it will be announced publicly at a rate of 1 to 1 because these calculations have been done, tested and approved. But above all they have been built on Int’l standards. ...IMO, a 1 to 1 in country is something that we, as investors of the IQD, will never see! (hint: IMO the rate we see will be much higher). [post 2 of 2]
1-17-2019 Intel Guru Frank26 ...my friend [Guru] Walkingstick is working with the Government of Iraq and the Central Bank of Iraq. Not only on the 2nd set of books that was successfully done. But because those books were successful on the 30th of December of 2018 my friend’s firm received 240 contracts from the Gov’t of Iraq. ...The Government of Iraq has started internally. In fact 24 of those 240 contracts have already been paid! And they were paid in IQDs...they were paid at a rate of one to one to the USD! ...Let’s say for example the contracts were worth 200,000. And the 200,00 was paid is paid to my friend’s firm in Iraqi dinars...that 200,000 dinars was presented in the contract at a rate of 1 to 1 to the USD. So that 200,000 dinars is actually $200,000.00 American dollars...my friend has a contract in his hands at 1 to 1 with the American dollar and the Iraqi dinar. [post 1 of 2....stay tuned]
1-17-2019 Intel Guru Delta FROM IRAQI TV: The Economic and Investment Committee.... Iraq may be forced to float the dinar to encourage investment in Iraq.
1-17-2019 Newshound/Intel Guru Mnt Goat Article: "WHEN WILL THE IRAQI DINAR BE REVALUED?" So again the CBI is telling us and I quote - “the revaluation of the Iraqi dinar is ready to be implemented by the country’s Central Bank; however, the Parliamentary Economic and Investment Commission HAD DECIDED TO POSTPONE THE REVALUATION UNTIL NOW TO 2019”. What is this telling us? 1)Again the CBI does not work alone and needs the support of the rest of the government. 2)The project to delete the zeros was postponed until 2019. Again...this confirms that perhaps this year of 2019 is our year to get it done. It is now January 2019 folks!
1-17-2019 Newshound Guru Kaperoni I...want to point out every year someone says look at the budget for a change. ...The budget has nothing to do with any reforms and can be made retroactive at anytime.
1-17-2019 Newshound Guru MilitiaMan The answer from the contact specifically says...as I have and others have suggested...They are article 8 compliant imo ... Like has been said for years, they don’t have to tell us.. But by actions they are. ...In other words. Imo, They show us they are article 8 just as they rightfully can without yet specifically saying so for 30 days ...
1-17-2019 Intel Guru Delta Single Currency Crosses...LOT OF MOVEMENT NEVER SEEN BEFORE...SPECIALLY...EUR/IQD AND GBP/IQD...
1-17-2019 Intel Guru Frank26 ...IMO, on December the 30 when my friends firm was given 240 contracts at a rate of one to one with the American dollar they lifted the three zeros electronically in country!!! And this is exactly what they told you they were going to do!!! ...240 contracts are a lot of contracts at a new RI rate.. And as I said they have gone from the NEER (Nominal effective Exchange rate) to the REER (Real effective Exchange Rate). Soon it will be announced publicly at a rate of 1 to 1 because these calculations have been done, tested and approved. But above all they have been built on Int’l standards. ...IMO, a 1 to 1 in country is something that we, as investors of the IQD, will never see! (hint: IMO the rate we see will be much higher). [post 2 of 2]
1-17-2019 Intel Guru Frank26 ...my friend [Guru] Walkingstick is working with the Government of Iraq and the Central Bank of Iraq. Not only on the 2nd set of books that was successfully done. But because those books were successful on the 30th of December of 2018 my friend’s firm received 240 contracts from the Gov’t of Iraq. ...The Government of Iraq has started internally. In fact 24 of those 240 contracts have already been paid! And they were paid in IQDs...they were paid at a rate of one to one to the USD! ...Let’s say for example the contracts were worth 200,000. And the 200,00 was paid is paid to my friend’s firm in Iraqi dinars...that 200,000 dinars was presented in the contract at a rate of 1 to 1 to the USD. So that 200,000 dinars is actually $200,000.00 American dollars...my friend has a contract in his hands at 1 to 1 with the American dollar and the Iraqi dinar. [post 1 of 2....stay tuned]
1-16-2019 Newshound Guru Adam Montana "Could Oil Prices Rise By $25 Per Barrel In 2019?"; "Kuwait National: $ 65 Brent crude average during 2019 and 2020"; "Oil Markets Could See Deficit In 2019 The oil supply surplus is “starting to reverse,” according to a new report from Bank of America Merrill Lynch." (the word "deficit" is a good thing here); "Heavy Crude: From Glut To Shortage - Jan 15, 2019, 5:00 PM CST" ("Shortage" is another good word for us right now); "Oil rises with hopes of a better market under OPEC-led cuts " ... and so on. Here's the thing, folks... this is the situation that Iraq wants. This writing is on the wall, in the headlines, and it's heading towards RV time. Iraq can read the headlines just as well as we can, so for now we just hang on tight. [post 2 of 2]
1-16-2019 Newshound Guru Adam Montana As much as we all hate "I told you so's", here are a couple. Headlines from the past couple days include: 1. BREXIT. When this was first brought up in 2016, I voiced my opinion that it wouldn't be successful and not to worry about it. As of this morning, it looks like the whole thing was a huge waste of time and is going nowhere... time will tell, but I could have told you that as well. 2. Did you catch my update last week? One of my talking points was oil, the price per barrel, and Iraq's sneaky but convenient exception to the ongoing limitations on production by OPEC members. Just look at these headlines... [post 1 of 2....stay tuned]
1-16-2019 Newshound/Intel Guru Mnt Goat Should we get our bottle of champagne ready? I have to tell everyone the CBI is still telling me they are targeting the month of January. I would not open your bottle of champagne and celebrate as of yet but I certainly would think about getting a nice BIG bottle and get it chilled and ready. But remember this saga is not over until the fat lady sings. Too many signs are showing us that this could finally be our month to see it. It has been a VERY long journey but I thinks perhaps it is coming to a conclusion…finally….
[post 2 of 2]
1-16-2019 Newshound/Intel Guru Mnt Goat Will the reinstatement happen in 2019? We don’t know when the reinstatement will occur for sure and many say the project to delete the zeros is now all done. So go figure? ...This news is coming from some VERY credible sources of information... ...there are no more delays expected. The process is on the move. They are telling us once again 2019 is our timeframe. OK – hold on to your horses! I do not know the exact timeframe in 2019 but all we can confirm is two things – 1) they just told us this week in the news media that 2019 is our year and 2) we know they normally like to target January and we still have half of the month of January remaining. So let’s see what happens in January and if it does not happen then we move to another target. [post 1 of 2....stay tuned]
1-16-2019 Newshound Guru Kaperoni A member of the Economic and Investment Committee said today that Iraq may be forced to float the dinar to encourage investment in Iraq...Sound familiar? There is no doubt in my mind we will see the dinar float at or about the same time as the launch of the banking system and market economy for investment. Hang in there. This seems to be the year Iraq will move forward launching a private sector and encouraging foreign investment.
1-16-2019 Intel Guru Bruce [via PinkRoses] ...it is kind of coming down to the wire now. We are getting some really positive input...We heard some activity started last night. ...We believe that we are at the point very little is required now before we get notified to go. ...there has been a number of meetings and conference calls in the recent days... Calls that took place with the large banks in conjunction with the Secretary of the Treasury...we think part of the plan was to talk about where we are in terms of the release and...can this thing happen immediately meaning in the next day or two. ...What I am telling you is you are very close. Everything we can say about Iraq appears to have been completed...We hope that we are at the end of the ride because the evidence is showing things are moving. I can just can tell you the rates that will be on the front screens for the Dinar and Dong will be much closer together than we thought.
1-16-2019 Newshound Guru Daytrader All that happens as the result of the consultation is agreement on a plan of action to make any necessary corrections. There is no failure, only a plan of action to rectify concerns. Iraq and the IMF have been planning the reinstatement of the IQD for a very long time, and during this time they continued to develop and fine-tune the process specific to Iraq's needs. IMO this has nothing to do with nor will it have any impact on what we seek. [post 2 of 2]
1-16-2019 Newshound Guru Daytrader A number of members have expressed concern over a statement regarding an IMF Article IV consultation not occurring until later this year. This is Iraq’s normal Article IV consultation schedule. Most countries have an Article IV consultation with the IMF every 24 months, including the United States. It provides an opportunity for both the IMF and the country to discuss specifically where the country might have monetary policy or procedural shortcomings that need correction, and review what they’re doing that meets Article IV criteria. [post 1 of 2....stay tuned]
1-16-2019 Intel Guru RayRen98 Contracts are to be funded by February 5, 2019. [Could this be the outside date?] PM Mahdi sent out a tweet stating that he is moving onward with implementing the program for government that was presented to Parliament and intends to complete it within the time frame that was previously announced. It appears he is making promises to the Iraqi citizens.
1-16-2019 Newshound Guru Adam Montana As much as we all hate "I told you so's", here are a couple. Headlines from the past couple days include: 1. BREXIT. When this was first brought up in 2016, I voiced my opinion that it wouldn't be successful and not to worry about it. As of this morning, it looks like the whole thing was a huge waste of time and is going nowhere... time will tell, but I could have told you that as well. 2. Did you catch my update last week? One of my talking points was oil, the price per barrel, and Iraq's sneaky but convenient exception to the ongoing limitations on production by OPEC members. Just look at these headlines... [post 1 of 2....stay tuned]
1-16-2019 Newshound/Intel Guru Mnt Goat Should we get our bottle of champagne ready? I have to tell everyone the CBI is still telling me they are targeting the month of January. I would not open your bottle of champagne and celebrate as of yet but I certainly would think about getting a nice BIG bottle and get it chilled and ready. But remember this saga is not over until the fat lady sings. Too many signs are showing us that this could finally be our month to see it. It has been a VERY long journey but I thinks perhaps it is coming to a conclusion…finally….
[post 2 of 2]
1-16-2019 Newshound/Intel Guru Mnt Goat Will the reinstatement happen in 2019? We don’t know when the reinstatement will occur for sure and many say the project to delete the zeros is now all done. So go figure? ...This news is coming from some VERY credible sources of information... ...there are no more delays expected. The process is on the move. They are telling us once again 2019 is our timeframe. OK – hold on to your horses! I do not know the exact timeframe in 2019 but all we can confirm is two things – 1) they just told us this week in the news media that 2019 is our year and 2) we know they normally like to target January and we still have half of the month of January remaining. So let’s see what happens in January and if it does not happen then we move to another target. [post 1 of 2....stay tuned]
1-16-2019 Newshound Guru Kaperoni A member of the Economic and Investment Committee said today that Iraq may be forced to float the dinar to encourage investment in Iraq...Sound familiar? There is no doubt in my mind we will see the dinar float at or about the same time as the launch of the banking system and market economy for investment. Hang in there. This seems to be the year Iraq will move forward launching a private sector and encouraging foreign investment.
1-16-2019 Intel Guru Bruce [via PinkRoses] ...it is kind of coming down to the wire now. We are getting some really positive input...We heard some activity started last night. ...We believe that we are at the point very little is required now before we get notified to go. ...there has been a number of meetings and conference calls in the recent days... Calls that took place with the large banks in conjunction with the Secretary of the Treasury...we think part of the plan was to talk about where we are in terms of the release and...can this thing happen immediately meaning in the next day or two. ...What I am telling you is you are very close. Everything we can say about Iraq appears to have been completed...We hope that we are at the end of the ride because the evidence is showing things are moving. I can just can tell you the rates that will be on the front screens for the Dinar and Dong will be much closer together than we thought.
1-16-2019 Newshound Guru Daytrader All that happens as the result of the consultation is agreement on a plan of action to make any necessary corrections. There is no failure, only a plan of action to rectify concerns. Iraq and the IMF have been planning the reinstatement of the IQD for a very long time, and during this time they continued to develop and fine-tune the process specific to Iraq's needs. IMO this has nothing to do with nor will it have any impact on what we seek. [post 2 of 2]
1-16-2019 Newshound Guru Daytrader A number of members have expressed concern over a statement regarding an IMF Article IV consultation not occurring until later this year. This is Iraq’s normal Article IV consultation schedule. Most countries have an Article IV consultation with the IMF every 24 months, including the United States. It provides an opportunity for both the IMF and the country to discuss specifically where the country might have monetary policy or procedural shortcomings that need correction, and review what they’re doing that meets Article IV criteria. [post 1 of 2....stay tuned]
1-16-2019 Intel Guru RayRen98 Contracts are to be funded by February 5, 2019. [Could this be the outside date?] PM Mahdi sent out a tweet stating that he is moving onward with implementing the program for government that was presented to Parliament and intends to complete it within the time frame that was previously announced. It appears he is making promises to the Iraqi citizens.
1-15-2019 Newshound/Intel Guru Mnt Goat Question: When will the 3 Zeros be DELETED? The CBI will only complete the project to delete the zeros until the CBI and the finance committee can come together on an agreement as to when to do it. Then we hope nothing changes their mind in the meantime since scheduled. We are not waiting for the economy to take off or for reconstruction to first happen. I know for a FACT that the reinstatement is part of the condition by the IMF to release reconstruction funds. This was a plan from 2018-2022 so it already late. They need to know that the funds are secure and will be used for this purpose. ...This is what makes this past May 2018 election so important. Investors and the IMF want technocratic cabinet members who are honestly going to move Iraq forward. No more playing games. They don’t care how long it takes. They will not budge until the government is fully formed and Iran is out of the politics to a point they can no longer harm the process.
1-15-2019 Newshound Guru MilitiaMan Article: "The Central Bank cancels a 2% commission payment for the $20 category and less" Well well.. Now why in the world would they cancel 2% commission on relatively small category notes of foreign currency? ...The CBI is doing this for a reason and I suspect it is for a very good reason. As in they are going to have similar small notes that have more value therefore, they will have to exchange similar notes on a daily basis.. So imo, this is huge...imo.
1-15-2019 Newshound Guru tlm724 [I read...that we need article 8 from the imf before Iraq can reval, is there any truth to this?] Yes there is truth in that. [See complete list of "possible to-dos" on the left of this page in the Dinar Guru Recourse Bar]
1-15-2019 Newshound Guru Kaperoni If you go back and read some of the transition documents...from the IMF it fits right in line with the plan we see evolving in Iraq. I also encourage anyone who has not yet reviewed the IMF Article IV Consultation from 2013 and 2017 to go...and review this information. It also fits in line with what we are seeing evolve in Iraq.
1-15-2019 Newshound/Intel Guru Mnt Goat Question: So what happens to the currency in circulation and the currency that was printed but never circulated when this takes place? Does the value go down? e.g. 25,000 notes become worth only 25 dollars? If they delete three 0’s 1 dinar would be worth 0.85 cents as of today.
1-15-2019 Newshound Guru MilitiaMan Article: "The Central Bank cancels a 2% commission payment for the $20 category and less" Well well.. Now why in the world would they cancel 2% commission on relatively small category notes of foreign currency? ...The CBI is doing this for a reason and I suspect it is for a very good reason. As in they are going to have similar small notes that have more value therefore, they will have to exchange similar notes on a daily basis.. So imo, this is huge...imo.
1-15-2019 Newshound Guru tlm724 [I read...that we need article 8 from the imf before Iraq can reval, is there any truth to this?] Yes there is truth in that. [See complete list of "possible to-dos" on the left of this page in the Dinar Guru Recourse Bar]
1-15-2019 Newshound Guru Kaperoni If you go back and read some of the transition documents...from the IMF it fits right in line with the plan we see evolving in Iraq. I also encourage anyone who has not yet reviewed the IMF Article IV Consultation from 2013 and 2017 to go...and review this information. It also fits in line with what we are seeing evolve in Iraq.
1-15-2019 Newshound/Intel Guru Mnt Goat Question: So what happens to the currency in circulation and the currency that was printed but never circulated when this takes place? Does the value go down? e.g. 25,000 notes become worth only 25 dollars? If they delete three 0’s 1 dinar would be worth 0.85 cents as of today.
1-14-2019 Newshound Guru Sunkissed ...After all the haggling and demands that Iraq has served up to Jordan... the bottom line actually rests with Iraq: THEY MUST HAVE PURCHASING POWER to be able to absorb the MASSIVE QUANTITIES of goods, minerals, etc., coming INTO Iraq! Ball is DEFINITELY in Iraq's court! Promises were made in the BEGINNING of 2018!! (Respect the first quarter! Sound familiar? -- [Guru] Walkingstick was accurate!) And now, the longer they wait, the more difficult, if not impossible it will be for Jordan to perform in time! BUT...in order to perform on their contract... Iraq MUST FIRST HAVE PURCHASING POWER! Iraq HAS TO BE READY AND ABLE TO PAY THEM! Therefore, February 02, 2019, appears to be the back-wall, Drop Dead Date, "to be an exquisite mutual-beneficial relationship." If February 02, 2019 is the Drop Dead Date, then we are looking at Feb 02 - 04 (Monday) for the IQD to go live. However... imo.... it certainly could go before that date! [post 2 of 2]
1-14-2019 Newshound Guru Sunkissed In my opinion, the TIMING of this article is utterly FANTASTIC...this article gives us the DROP DEAD DATE? (imo). FEBRUARY 02, 2019. JORDAN IS RACING AGAINST TIME. why? Well... imo... it looks like... February 02, 2019 is a deadline date to IMPLEMENTATION. For what? Remember that December 29-30 meeting when many contracts were signed? Looks like Jordan signed some "old" deals that were "renewed" - I suppose we would use the word "updated" (to reflect a new rate? a more competitive price, since so many contractors are FLOODING into Iraq?) So... there's the PRESSURE! Contracts were signed on December 29-30 and to be IMPLEMENTED BY FEBRUARY 02, 2019! [post 1 of 2....stay tuned]
1-14-2019 Newshound/Intel Guru Mnt Goat But as sure as I am writing this...today, we are all of a sudden going to see a burst of flames as we know the tinder is already starting to smoke and is about ready to flare up. As in starting a good camp fire, we can see that much activity is about to burst into action and will soon move forward very aggressively. The two items they need for this to happen is to get the 2019 budget passed and then these remaining cabinet positions off of proxy and into solid, technocrats for these remaining positions. [post 2 of 2]
1-14-2019 Newshound/Intel Guru Mnt Goat The House of Representatives ended its session on Saturday, the House of Representatives finished the first reading of the draft law on financial management. Nothing happened on voting for cabinet members on Saturday. MP of the Alliance for Reform and Reconstruction, Hassan Fadas, said that on Monday, the resolution of the Interior Ministry candidate is the main obstacle to completion of the ministerial cabinet. Let’s see how this plays out…. ...there is news about the intention of Faleh Fayyad too withdraw his candidacy from the Interior. If this happens there may be some real progress finally in this direction. Let’s see how it plays out this week. [post 1 of 2....stay tuned]
1-14-2019 Newshound Guru Kaperoni [I’ve always heard the government has nothing to do with the Dinar. That only the CBI could begin the float. If so then why do people say only when the government is set the float can begin.] Monetary policy is the CBI. That being said, such a significant event requires support from the Iraqi government. As well, much of the directives being implimented by Iraq are part of the reforms agreed under IMF or WB Stand by Agreements.
1-14-2019 Intel Guru RayRen98 Today's Parliament session has been postponed until Wednesday at 1:00 due to a lack of quorum. [And the band played on... ] Citizens are not happy with Mahdi's "progress" thus far...they are saying the corruption is still rampant in the government. Unofficial report: Things (rate activity) should get started today in Iraq and filter over to us this week. Time Will Tell...
1-14-2019 Newshound Guru MilitiaMan Lets not forget that there was an article 01/02/2018 talking about linking the IQD with a basket of currencies (They let that cat out of the bag and big time). The stir was the authority was saying hold on a minute... Lets not link to lower value currencies!! ...Nothing has changed as far as getting your purchase power, it is that we are going to get you more if we use an stronger basket...Thus, they bought more time? We shall see if it plays out like that. imo. [post 2 of 2]
1-14-2019 Newshound Guru MilitiaMan [...are you looking for this in EARLY 2019, MID 2019, LATE 2019...] I believe...they are ready to implement now with all the signs they have shown us over the last year. We know contracts have time stamps... T & T were said to be ready at a moments notice to be applied. We see a very large trading partner in country this week talking directly about money exchange. So, as for me the signs I see are not mid or late... There are fireflies on the ground over there that suggest that the citizens have been told they are getting a gift from GOD, they very well may have been placated for now, but, how long they will not get antsy is anyone's guess. [post 1 of 2....stay tuned]
1-14-2019 Newshound Guru Sunkissed In my opinion, the TIMING of this article is utterly FANTASTIC...this article gives us the DROP DEAD DATE? (imo). FEBRUARY 02, 2019. JORDAN IS RACING AGAINST TIME. why? Well... imo... it looks like... February 02, 2019 is a deadline date to IMPLEMENTATION. For what? Remember that December 29-30 meeting when many contracts were signed? Looks like Jordan signed some "old" deals that were "renewed" - I suppose we would use the word "updated" (to reflect a new rate? a more competitive price, since so many contractors are FLOODING into Iraq?) So... there's the PRESSURE! Contracts were signed on December 29-30 and to be IMPLEMENTED BY FEBRUARY 02, 2019! [post 1 of 2....stay tuned]
1-14-2019 Newshound/Intel Guru Mnt Goat But as sure as I am writing this...today, we are all of a sudden going to see a burst of flames as we know the tinder is already starting to smoke and is about ready to flare up. As in starting a good camp fire, we can see that much activity is about to burst into action and will soon move forward very aggressively. The two items they need for this to happen is to get the 2019 budget passed and then these remaining cabinet positions off of proxy and into solid, technocrats for these remaining positions. [post 2 of 2]
1-14-2019 Newshound/Intel Guru Mnt Goat The House of Representatives ended its session on Saturday, the House of Representatives finished the first reading of the draft law on financial management. Nothing happened on voting for cabinet members on Saturday. MP of the Alliance for Reform and Reconstruction, Hassan Fadas, said that on Monday, the resolution of the Interior Ministry candidate is the main obstacle to completion of the ministerial cabinet. Let’s see how this plays out…. ...there is news about the intention of Faleh Fayyad too withdraw his candidacy from the Interior. If this happens there may be some real progress finally in this direction. Let’s see how it plays out this week. [post 1 of 2....stay tuned]
1-14-2019 Newshound Guru Kaperoni [I’ve always heard the government has nothing to do with the Dinar. That only the CBI could begin the float. If so then why do people say only when the government is set the float can begin.] Monetary policy is the CBI. That being said, such a significant event requires support from the Iraqi government. As well, much of the directives being implimented by Iraq are part of the reforms agreed under IMF or WB Stand by Agreements.
1-14-2019 Intel Guru RayRen98 Today's Parliament session has been postponed until Wednesday at 1:00 due to a lack of quorum. [And the band played on... ] Citizens are not happy with Mahdi's "progress" thus far...they are saying the corruption is still rampant in the government. Unofficial report: Things (rate activity) should get started today in Iraq and filter over to us this week. Time Will Tell...
1-14-2019 Newshound Guru MilitiaMan Lets not forget that there was an article 01/02/2018 talking about linking the IQD with a basket of currencies (They let that cat out of the bag and big time). The stir was the authority was saying hold on a minute... Lets not link to lower value currencies!! ...Nothing has changed as far as getting your purchase power, it is that we are going to get you more if we use an stronger basket...Thus, they bought more time? We shall see if it plays out like that. imo. [post 2 of 2]
1-14-2019 Newshound Guru MilitiaMan [...are you looking for this in EARLY 2019, MID 2019, LATE 2019...] I believe...they are ready to implement now with all the signs they have shown us over the last year. We know contracts have time stamps... T & T were said to be ready at a moments notice to be applied. We see a very large trading partner in country this week talking directly about money exchange. So, as for me the signs I see are not mid or late... There are fireflies on the ground over there that suggest that the citizens have been told they are getting a gift from GOD, they very well may have been placated for now, but, how long they will not get antsy is anyone's guess. [post 1 of 2....stay tuned]
1-13-2019 Newshound Guru Kaperoni I'll say it again...there can never be an overnight RV or RI, there is just to much dinar in circulation. Our best hope is for the CBI to move off the peg to a float and allow the dinar to rise gradually. Such an event could allow for a gradual reduction of currency. The simple fact that over 40 trillion dinar is in circulation is all one needs to know to realize there NEVER can be a RV or RI...Simply put, there is just to much dinar in circulation for such an event. The good news is the IMF documented very clearly the intent to float the dinar and if investment comes into Iraq as expected it should create the Balassa-Samuelson effect allowing the dinar to rise gradually. I believe once the CBI begins the float, the dinar could rise significantly within 6-12 months.
1-13-2019 Newshound Guru MilitiaMan Article: "Iraqi Dinar revaluation postponed by Central Bank for 5 years says MP Noura al-Bajari by Amre Sarhan Oct 29, 2014," Good deal...WS [Guru Walkingstick] told us back years ago that the process on the second set of books takes time. I believe there is data to support that from the imf. Didn’t WS suggest that time of the four year process to be 01/01/2018? I think so. So if that is the case which, I believe to be supportive being his track record is very good. The One more year equates to? Any time now! Imo.
1-13-2019 Intel Guru Delta Article quote: "The revaluation of the Iraqi dinar is ready to be implemented by the country's Central Bank; however, the Parliamentary Economic and Investment Commission has decided to postpone the revaluation to 2019." THIS ARTICLE IS FROM 08/16/2017...2019 IT'S...
1-13-2019 Intel Guru RayRen98 Iraq TV is reporting to the citizens they are "not seeing an end in sight" regarding the differences in the chosen names for cabinet seats and that this is causing damage to their government. Iraqi TV is reporting "no time table" for the completion of the cabinet voting. [Really? Is this a smoke screen...Time Will Tell!]
1-13-2019 Newshound Guru Kaperoni The dinar you own will never go back to Iraq. It will become part of the global traded currencies.
1-13-2019 Newshound Guru MilitiaMan Article: "Iraqi Dinar revaluation postponed by Central Bank for 5 years says MP Noura al-Bajari by Amre Sarhan Oct 29, 2014," Good deal...WS [Guru Walkingstick] told us back years ago that the process on the second set of books takes time. I believe there is data to support that from the imf. Didn’t WS suggest that time of the four year process to be 01/01/2018? I think so. So if that is the case which, I believe to be supportive being his track record is very good. The One more year equates to? Any time now! Imo.
1-13-2019 Intel Guru Delta Article quote: "The revaluation of the Iraqi dinar is ready to be implemented by the country's Central Bank; however, the Parliamentary Economic and Investment Commission has decided to postpone the revaluation to 2019." THIS ARTICLE IS FROM 08/16/2017...2019 IT'S...
1-13-2019 Intel Guru RayRen98 Iraq TV is reporting to the citizens they are "not seeing an end in sight" regarding the differences in the chosen names for cabinet seats and that this is causing damage to their government. Iraqi TV is reporting "no time table" for the completion of the cabinet voting. [Really? Is this a smoke screen...Time Will Tell!]
1-13-2019 Newshound Guru Kaperoni The dinar you own will never go back to Iraq. It will become part of the global traded currencies.
1-12-2019 Newshound/Intel Guru Mnt Goat Article: "Iran pushes Iraq to maintain trade without US dollar" This has NOTHING to do with the CBI determining when to reinstate the dinar. There is absolutely no connection for pressuring the Iraqi central bank. Will a reinstatement of the Iraqi dinar actually be good for this situation? Actually NO, and so why would the US push the CBI to use the dinar in place of the US dollar. If it were a good thing the Central bank could they just end the currency auctions and use dinar to trade with Iran. But the fact is it is NOT that simple and the other reasons why Iraq has not yet reinstated their currency still exist. ...They can’t just RV or RI cause they need to trade with one country in the middle east. It does not make any sense. ...In the long term this pressure from the US to have Iraq more independent from Iran is the BEST thing that can ever happen to Iraq.
1-12-2019 Newshound Guru Kaperoni So some are asking the significance of why the government needs to be offically formed for the IMF to engage with Iraq? Usually on these types of agreements a legitimate government is needed for validating/confirm signatures. [The normal cycle for Article IV consultations for countries under a program is 24 months. Thus Iraq is not due for an Article IV until the summer of 2019.] Wrong. Iraq under it's programs meets annually. Not to mention, the representative to Iraq told me directly they will not meet with Iraq until the completed formation of the government...
1-12-2019 Newshound/Intel Guru Mnt Goat ...we know Iraq has the plan to coincide the smaller category notes with the larger 3 zero notes together. We know this because the central bank of Iraq itself has told us. This is what really is going to make us rich someday. ...If Iraq was going to just “lop” they would have done it already.
1-12-2019 Intel Guru RayRen98 Parliament ended their session today with no mention of a cabinet vote...
1-12-2019 Newshound Guru Kaperoni Great new article from the World Bank talking about Iraq's GDP going from 1.9% in 2018 to 6.2% in 2019. How? Unless they open the banking system to the world for global investment.
1-12-2019 Newshound Guru Kaperoni So some are asking the significance of why the government needs to be offically formed for the IMF to engage with Iraq? Usually on these types of agreements a legitimate government is needed for validating/confirm signatures. [The normal cycle for Article IV consultations for countries under a program is 24 months. Thus Iraq is not due for an Article IV until the summer of 2019.] Wrong. Iraq under it's programs meets annually. Not to mention, the representative to Iraq told me directly they will not meet with Iraq until the completed formation of the government...
1-12-2019 Newshound/Intel Guru Mnt Goat ...we know Iraq has the plan to coincide the smaller category notes with the larger 3 zero notes together. We know this because the central bank of Iraq itself has told us. This is what really is going to make us rich someday. ...If Iraq was going to just “lop” they would have done it already.
1-12-2019 Intel Guru RayRen98 Parliament ended their session today with no mention of a cabinet vote...
1-12-2019 Newshound Guru Kaperoni Great new article from the World Bank talking about Iraq's GDP going from 1.9% in 2018 to 6.2% in 2019. How? Unless they open the banking system to the world for global investment.
1-11-2019 Newshound/Intel Guru Mnt Goat Article: "THE THREE PRESIDENCIES MEET POMPEO AND THE LATTER RENEWS HIS COUNTRY'S SUPPORT FOR IRAQ" Article quote: “activation of economic cooperation and investment between the two countries”. They are about to get this ball rolling from this 2018-2022 reconstruction plan. This plan, as we know, hinges on reinstating their currency. Why? They will need “free flow” of capital in and out of Iraq and they can not do this having to go to currency auctions and keep converting dinar to dollars. Get it? They will need automated, international systems to transfer money and these systems use the global currency exchanges to convert the currency to the proper exchange rates...
1-11-2019 Newshound Guru Kaperoni People ask me all the time..."why is it that a float is the only solution for Iraq?" Because it is the only way to gradually reduce the money supply as the dinar appreciates in value as a result of investment to reduce inflation. ...a mythical RV or RI...Never happening as there is to much (over 40 Trillion) dinar in circulation. Can never happen. Only a float at this point could work. There will never be a $3-$4 exchange rate of the dinar. Total nonsense. Iraq is trying to rebuild and create GDP not go broke paying out on a currency exchange...Monetary policy is pretty well documented for emerging market economies.
1-11-2019 Intel Guru ADMINBILL Another weekend is coming and with it come possibilities of an end to our journey. Are we there yet? That remains a question that will not be answered until you are at the bank. I am encouraged.
1-11-2019 Intel Guru Bruce I am probably more positive than I ever been the last 14 years. The fact we expect it very soon, very shortly. ...things are moving along nicely. We are moving through and you know I can’t call it because I do not know it, but I tell you I think we are looking very strongly over the next few days. Might have a great weekend...additionally...a lot of the rates were flashing...but...when we get ready to go the rates will be solid and maybe they will move a little bit up and down. That is okay. That is part of the Forex, part of trading, but I tell you this much about the Dinar, they had to increase the size of the screen vertically on Forex because of the increase that is anticipated for the Dinar. Two inches. They increased the height of the screen because of the curve that is going to take place of the Dinar going up. It would have run out of space. ...We are in great shape... we are looking at a real strong weekend...I think we are just about at the end of the ride...
1-11-2019 Intel Guru Frank26 On the 30th, of December, lifted the 3 zeros electronically. What I’m about to share with you is public knowledge. Why doesn’t the Internet know? You...have the ability and privilege to receive our study from [Guru] Walkingstick. Because Walkingstick is working with the Government of Iraq. On the 30th of Dec. 2018, WS firm received 240 contracts from the GOI. They started internally. 24 of them, have already been PAID. They were paid in IQD. The term of acceptance: 30 day contracts. Of the 240, 24 already paid in IQD. That’s exactly what Iraq has to do. I want you to know that these 240 contracts and the 24, they were paid at a rate of 1:1. Those contracts will start on January 13, 2019. Details on other firms is unknown to us. Believe they are similar and paid in IQD at 1:1.
1-11-2019 Newshound Guru Kaperoni People ask me all the time..."why is it that a float is the only solution for Iraq?" Because it is the only way to gradually reduce the money supply as the dinar appreciates in value as a result of investment to reduce inflation. ...a mythical RV or RI...Never happening as there is to much (over 40 Trillion) dinar in circulation. Can never happen. Only a float at this point could work. There will never be a $3-$4 exchange rate of the dinar. Total nonsense. Iraq is trying to rebuild and create GDP not go broke paying out on a currency exchange...Monetary policy is pretty well documented for emerging market economies.
1-11-2019 Intel Guru ADMINBILL Another weekend is coming and with it come possibilities of an end to our journey. Are we there yet? That remains a question that will not be answered until you are at the bank. I am encouraged.
1-11-2019 Intel Guru Bruce I am probably more positive than I ever been the last 14 years. The fact we expect it very soon, very shortly. ...things are moving along nicely. We are moving through and you know I can’t call it because I do not know it, but I tell you I think we are looking very strongly over the next few days. Might have a great weekend...additionally...a lot of the rates were flashing...but...when we get ready to go the rates will be solid and maybe they will move a little bit up and down. That is okay. That is part of the Forex, part of trading, but I tell you this much about the Dinar, they had to increase the size of the screen vertically on Forex because of the increase that is anticipated for the Dinar. Two inches. They increased the height of the screen because of the curve that is going to take place of the Dinar going up. It would have run out of space. ...We are in great shape... we are looking at a real strong weekend...I think we are just about at the end of the ride...
1-11-2019 Intel Guru Frank26 On the 30th, of December, lifted the 3 zeros electronically. What I’m about to share with you is public knowledge. Why doesn’t the Internet know? You...have the ability and privilege to receive our study from [Guru] Walkingstick. Because Walkingstick is working with the Government of Iraq. On the 30th of Dec. 2018, WS firm received 240 contracts from the GOI. They started internally. 24 of them, have already been PAID. They were paid in IQD. The term of acceptance: 30 day contracts. Of the 240, 24 already paid in IQD. That’s exactly what Iraq has to do. I want you to know that these 240 contracts and the 24, they were paid at a rate of 1:1. Those contracts will start on January 13, 2019. Details on other firms is unknown to us. Believe they are similar and paid in IQD at 1:1.
1-10-2019 Intel Guru Delta "The largest deletion of zeros in history." Quote: "The elimination of zeros is not new in Iran, it was preceded by Venezuela when it omitted five zeros, and Iraq which has already deleted zeros from Iraqi dinars..." [Delta, if they deleted any zeros we would see it on the cbi web site IMO and all the zeros are still there.] THEY CAN HOLD IT FROM US WITH IN 30 DAYS...
1-10-2019 Newshound/Intel Guru Mnt Goat For all you who ...want a date and a rate – no reinstatement as of yet and the dinar is not yet international. The CBI is still planning for the month of January and so we watch and wait, however I do not see the signs I would want to see to by now to prove this is the case. There is still more than 3 weeks remaining in January. Also when the dinar does finally reinstate it will most likely be in the range of $3-$4 on exchange with the US dollar. This is NOT going to be slow rise from the program rate 1190 since it will no longer be solely pegged to the US dollar.
1-10-2019 Newshound/Intel Guru RVAlready [So the budget being voted on tomorrow [Thursday]. Is that the news we're waiting on for tomorrow or Friday?] We do not really care about their budget. The RV will happen independent of that. I think parliament is a smoke screen. Stuff in Iraq almost always comes from back room meetings. Sounds like cabinet will be announced tomorrow.
1-10-2019 Newshound Guru Adam Montana Yes, EVERYONE wins. Even the OPEC members that may have seemingly "lost" some revenue with their limited production agreement. The truth of that matter is that none of them are in the dark about the potential for Iraq to revalue. They all sit there,innocently and conveniently silent about Iraq's exclusion from the agreement. Coincidence? I think not. In fact, this is the KEY. It's staring the world in the face, and only a small group of us are even paying attention. I'm ok with that. HCL is still a pivotal issue, but there's no point in finalizing the HCL until oil prices go back up. More good news - Iraq is in a very good position to implement HCL, so once we see this graph going up again...game on! [post 3 of 3]
1-10-2019 Newshound Guru Adam Montana The good and bad news is this - there are actions being taken to get the price of oil back up. ...Now, think about this little tidbit...Iraq has "confirmed their commitment to participating" in the oil productions cuts. But, as a savvy reader who remembers the details, you also know that Iraq was not specifically included in the original OPEC agreement. Iraq is essentially standing on the sidelines, voicing support, encouraging the action... but reserving the right to step back from it and swoop in on some profits once they are there again, while everyone else frantically tries to organize a vote to release themselves from their self-imposed restrictions. At that point in time, Iraq will have all the time they need to successfully execute a couple days or even weeks of trading, exchanging currency with higher values and reaping profits on said exchanges, and everyone wins. [post 2 of 3....stay tuned]
1-10-2019 Newshound Guru Adam Montana I’m still pretty solid about 2019. In fact, I like it a lot. Not this week in particular, but in general - I think we've got a solid chance...this year! I've been keeping an eye on the situation for a few months now, waiting to see the trend I'm seeing right now. Waiting for all the pieces to come together. And I finally feel like it's time to voice the following thoughts. We may all enjoy a lower pump price, but I guarantee you the Middle East and all our Texas oil boys don't necessarily like them! That's exactly why OPEC entered into a production limit agreement in the not-so-distant past...because supply and demand drives price. Oil is on sale right now, due to a very high supply, and I don't think we'll see an RV while the sale is on. It's simply not in the CBI's best interest to do so. [post 1 of 3....stay tuned]
1-10-2019 Newshound/Intel Guru Mnt Goat For all you who ...want a date and a rate – no reinstatement as of yet and the dinar is not yet international. The CBI is still planning for the month of January and so we watch and wait, however I do not see the signs I would want to see to by now to prove this is the case. There is still more than 3 weeks remaining in January. Also when the dinar does finally reinstate it will most likely be in the range of $3-$4 on exchange with the US dollar. This is NOT going to be slow rise from the program rate 1190 since it will no longer be solely pegged to the US dollar.
1-10-2019 Newshound/Intel Guru RVAlready [So the budget being voted on tomorrow [Thursday]. Is that the news we're waiting on for tomorrow or Friday?] We do not really care about their budget. The RV will happen independent of that. I think parliament is a smoke screen. Stuff in Iraq almost always comes from back room meetings. Sounds like cabinet will be announced tomorrow.
1-10-2019 Newshound Guru Adam Montana Yes, EVERYONE wins. Even the OPEC members that may have seemingly "lost" some revenue with their limited production agreement. The truth of that matter is that none of them are in the dark about the potential for Iraq to revalue. They all sit there,innocently and conveniently silent about Iraq's exclusion from the agreement. Coincidence? I think not. In fact, this is the KEY. It's staring the world in the face, and only a small group of us are even paying attention. I'm ok with that. HCL is still a pivotal issue, but there's no point in finalizing the HCL until oil prices go back up. More good news - Iraq is in a very good position to implement HCL, so once we see this graph going up again...game on! [post 3 of 3]
1-10-2019 Newshound Guru Adam Montana The good and bad news is this - there are actions being taken to get the price of oil back up. ...Now, think about this little tidbit...Iraq has "confirmed their commitment to participating" in the oil productions cuts. But, as a savvy reader who remembers the details, you also know that Iraq was not specifically included in the original OPEC agreement. Iraq is essentially standing on the sidelines, voicing support, encouraging the action... but reserving the right to step back from it and swoop in on some profits once they are there again, while everyone else frantically tries to organize a vote to release themselves from their self-imposed restrictions. At that point in time, Iraq will have all the time they need to successfully execute a couple days or even weeks of trading, exchanging currency with higher values and reaping profits on said exchanges, and everyone wins. [post 2 of 3....stay tuned]
1-10-2019 Newshound Guru Adam Montana I’m still pretty solid about 2019. In fact, I like it a lot. Not this week in particular, but in general - I think we've got a solid chance...this year! I've been keeping an eye on the situation for a few months now, waiting to see the trend I'm seeing right now. Waiting for all the pieces to come together. And I finally feel like it's time to voice the following thoughts. We may all enjoy a lower pump price, but I guarantee you the Middle East and all our Texas oil boys don't necessarily like them! That's exactly why OPEC entered into a production limit agreement in the not-so-distant past...because supply and demand drives price. Oil is on sale right now, due to a very high supply, and I don't think we'll see an RV while the sale is on. It's simply not in the CBI's best interest to do so. [post 1 of 3....stay tuned]
1-9-2019 Intel Guru RayRen98 Iraqi TV is reporting that Thursday's Parliament session will be totally dedicated to the 2019 Budget. The cabinet voting will "supposedly" happen on Saturday's session. Reportedly, Fox news posted an alert that Mike Pompeo made a surprise visit to the Iraqi Parliament announcing to them to grow up and become the sovereign nation they're expected to be. [Time Will Tell]
1-9-2019 Newshound/Intel Guru Mnt Goat Article: "ALLOCATION OF 50 MILLION DINARS TO ARTICLE 140" So folks here it is again Article 140. Do you wonder why now and we project the CBI to reinstate by the end of January? Go figure Article 140 and HCL HOT in the news NOW! Don’t let anyone tell you these are not important to have the reinstatement of the dinar. The FACT is we were told many years ago that the new Iraqi constitution MUST be fully implemented to get the currency back online...So these are mandated by the constitution.
1-9-2019 Newshound/Intel Guru BGG ...Personally, I don’t care which way it starts – just as long as it gets going. ...Regardless of which way it happens – if the value rises, we ALL WIN!!...
1-9-2019 Intel Guru Bruce [via PinkRoses] Just when you think it is safe to say everything is done with Iraq, there is one more piece we were looking for or is happening that we should be aware of. We heard they have (3) announcements coming out...One was made today [Tuesday]. One should be made on Thursday, and I believe one is going to be made on Friday. I know one of the announcements, not the one today, I believe will talk about the reinstatement of the Iraqi Dinar, and the fact that Iraq is a Sovereign nation and has revalued currency. Some of that revaluation of that currency will occur when that currency is actively traded on the world market using Forex to do so. I believe that is where we believe is reinstatement and go into revaluation because the rates they have now that we know of is already higher than their $3.22 rate was back in 2003 ...ultimately Iraq is done having made the decision to do what they needed to do and conform to what they have been asked to do. Now it is just a matter of timing and time. So I am going to say I am looking forward to again a very good and interesting weekend...
1-9-2019 Intel Guru RayRen98 Iraqi TV is reporting that Thursday's session will "probably" be postponed until Saturday due to the low attendance for Tuesdays' session that eventually did not take place. Mahdi is being requested to hold accountable those who did not appear for the session. Mahdi continues to submit the same names already previously rejected. He has sent out a text/tweet message supporting his actions with resolve being a fully-appointed cabinet "soon." [Time Will Tell]
1-9-2019 Newshound/Intel Guru Mnt Goat Article: "ALLOCATION OF 50 MILLION DINARS TO ARTICLE 140" So folks here it is again Article 140. Do you wonder why now and we project the CBI to reinstate by the end of January? Go figure Article 140 and HCL HOT in the news NOW! Don’t let anyone tell you these are not important to have the reinstatement of the dinar. The FACT is we were told many years ago that the new Iraqi constitution MUST be fully implemented to get the currency back online...So these are mandated by the constitution.
1-9-2019 Newshound/Intel Guru BGG ...Personally, I don’t care which way it starts – just as long as it gets going. ...Regardless of which way it happens – if the value rises, we ALL WIN!!...
1-9-2019 Intel Guru Bruce [via PinkRoses] Just when you think it is safe to say everything is done with Iraq, there is one more piece we were looking for or is happening that we should be aware of. We heard they have (3) announcements coming out...One was made today [Tuesday]. One should be made on Thursday, and I believe one is going to be made on Friday. I know one of the announcements, not the one today, I believe will talk about the reinstatement of the Iraqi Dinar, and the fact that Iraq is a Sovereign nation and has revalued currency. Some of that revaluation of that currency will occur when that currency is actively traded on the world market using Forex to do so. I believe that is where we believe is reinstatement and go into revaluation because the rates they have now that we know of is already higher than their $3.22 rate was back in 2003 ...ultimately Iraq is done having made the decision to do what they needed to do and conform to what they have been asked to do. Now it is just a matter of timing and time. So I am going to say I am looking forward to again a very good and interesting weekend...
1-9-2019 Intel Guru RayRen98 Iraqi TV is reporting that Thursday's session will "probably" be postponed until Saturday due to the low attendance for Tuesdays' session that eventually did not take place. Mahdi is being requested to hold accountable those who did not appear for the session. Mahdi continues to submit the same names already previously rejected. He has sent out a text/tweet message supporting his actions with resolve being a fully-appointed cabinet "soon." [Time Will Tell]
1-8-2019 Newshound Guru Kaperoni I believe Inflation in Iraq is under 2%. There are several reasons why the CBI should begin to raise the value...but only time will tell.
1-8-2019 Intel Guru Frank26 There are two banks within Iraq that have mirrored US banking capabilities regarding the transfer of funds and now are able to do a conversion from country to country. The importance of the 2 banks in country of Iraq adopting our US banking techniques is that now the contractors who are conducting business in country and being paid in IQD are now depositing their IQD in American banking institutions. And now our banks are able to convert these deposits from IQD to USN in our country. We know of one US contractor has in over 200+ contracts for construction within country and will be paid in IQD on a 1 to 1 basis with US currency values and because of the mirrored banking techniques his in country bank will now make this conversion.
1-8-2019 Newshound Guru Kaperoni ...guru BGG tries to discredit my recent float post by saying it is not supported by and CBI or other documentation. ...wrong! In fact it is supported by the experts...the IMF. My comments are directly related to articles or documentation pertaining to general monetary policy issued by the IMF themselves. [reference Guru BGG post 1-6-2019]
1-8-2019 Newshound Guru Phillyman ...Today we have another delay due to lack of quorum, this one to January 10. Some thought remaining positions would be filled, the 140 discussed, the 2019 budget discussed. I continue to listen to [Guru] Breitling and believe in this investment...
1-8-2019 Newshound/Intel Guru Mnt Goat Article: "CBI IS SELLING COLLECTORS COINS" Of course many...are going to try to tell you that the CBI is releasing coins and thus the RV is happening. So I am warning all you intelligent people to ignore all this rubbish. So far we have NO signs of a reinstatement as we expected to see by this time. But January is not even half over and there is still much time. Let’s see what really happens. I am still hearing the CBI is targeting the end of January.
1-8-2019 Newshound/Intel Guru RVAlready Article: "Jim Yong Kim steps down as President of World Bank" Wow. WB president steps down. No reason given. Never thought I would see this…Wonder who else will go between now and the RV/GCR.
1-8-2019 Intel Guru Frank26 There are two banks within Iraq that have mirrored US banking capabilities regarding the transfer of funds and now are able to do a conversion from country to country. The importance of the 2 banks in country of Iraq adopting our US banking techniques is that now the contractors who are conducting business in country and being paid in IQD are now depositing their IQD in American banking institutions. And now our banks are able to convert these deposits from IQD to USN in our country. We know of one US contractor has in over 200+ contracts for construction within country and will be paid in IQD on a 1 to 1 basis with US currency values and because of the mirrored banking techniques his in country bank will now make this conversion.
1-8-2019 Newshound Guru Kaperoni ...guru BGG tries to discredit my recent float post by saying it is not supported by and CBI or other documentation. ...wrong! In fact it is supported by the experts...the IMF. My comments are directly related to articles or documentation pertaining to general monetary policy issued by the IMF themselves. [reference Guru BGG post 1-6-2019]
1-8-2019 Newshound Guru Phillyman ...Today we have another delay due to lack of quorum, this one to January 10. Some thought remaining positions would be filled, the 140 discussed, the 2019 budget discussed. I continue to listen to [Guru] Breitling and believe in this investment...
1-8-2019 Newshound/Intel Guru Mnt Goat Article: "CBI IS SELLING COLLECTORS COINS" Of course many...are going to try to tell you that the CBI is releasing coins and thus the RV is happening. So I am warning all you intelligent people to ignore all this rubbish. So far we have NO signs of a reinstatement as we expected to see by this time. But January is not even half over and there is still much time. Let’s see what really happens. I am still hearing the CBI is targeting the end of January.
1-8-2019 Newshound/Intel Guru RVAlready Article: "Jim Yong Kim steps down as President of World Bank" Wow. WB president steps down. No reason given. Never thought I would see this…Wonder who else will go between now and the RV/GCR.
1-7-2019 Intel Guru Frank26 ...NO ONE KNOWS THE DATE NOR RATE UNTIL THE CBI POST IT... [You can find the official CBI Rate and Market Rate listed in the Dinar Guru Resource Bar on the left of this page...]
1-7-2019 Intel Guru RayRen98 Reportedly, 4 of PM Madhi's Parliament ministers will be expelled due to their alleged activity with the government corruption. If so, that will leave 7 cabinet seats to be filled instead of 3. [Hmmmm, will it even make a difference? Time Will Tell] Iraqi TV broadcasts a Parliament spokesperson indicating that Tuesday's session will NOT produce a resolution for the remaining cabinet members because of the ongoing turmoil and submittal of the same names previously rejected...
1-7-2019 Newshound/Intel Guru Mnt Goat Why do I keep saying “reinstate” instead of “revalue”? The CBI can’t revalue the dinar since it is not even yet on the global trading platforms. ...We must go by pure definition of what being traded means...To be “traded” means that the dinar can be bought and sold on the “open” global currency exchanges like other currencies. It also means that investors in currencies such as hedge funds, investment brokerages, etc, etc can legally pick up the dinar and place them in portfolios such as 401k, retirement funds, mutual funds, etc...The CBI itself tells me they must first “reinstate’ the dinar and in this process they expect a significant rate change. This process stems around the “project to delete the zeros”. They tell me this project must coincide closely with the reinstatement process. This is what we watch and wait for not a revaluation.
1-7-2019 Intel Guru Frank26 Article: "Iran is moving to remove zeros from its currency and curb inflation" [IMO this is a lop.] CORRECT...THE COMPLETE OPPOSITE OF IRAQ'S RI!!! THERE IS ALL THE REASON FOR THE IRANIAN RIAL TO LOP ...AS THERE IS ALL REASON FOR THE IRAQI DINAR TO RD/RV/RI!!!
1-7-2019 Newshound/Intel Guru Walkingstick Article: "Iran is moving to remove zeros from its currency and curb inflation" Comparing, apples- oranges... There are no comparable factors between Iraq/ Iran and why they have opted to RD their currencies.... The manner in which it will be employed and or the expectation of results after the fact...In short: Irans reasoning/ necessity due to inflation spiraling out of control, approaching hyperinflation...A factor non existent in Iraq...
1-7-2019 Intel Guru ADMINBILL Still hearing good things so don't be discouraged. Once again, until all of my contacts agree because they have proof in hand then we continue our watch.
1-7-2019 Intel Guru RayRen98 Reportedly, 4 of PM Madhi's Parliament ministers will be expelled due to their alleged activity with the government corruption. If so, that will leave 7 cabinet seats to be filled instead of 3. [Hmmmm, will it even make a difference? Time Will Tell] Iraqi TV broadcasts a Parliament spokesperson indicating that Tuesday's session will NOT produce a resolution for the remaining cabinet members because of the ongoing turmoil and submittal of the same names previously rejected...
1-7-2019 Newshound/Intel Guru Mnt Goat Why do I keep saying “reinstate” instead of “revalue”? The CBI can’t revalue the dinar since it is not even yet on the global trading platforms. ...We must go by pure definition of what being traded means...To be “traded” means that the dinar can be bought and sold on the “open” global currency exchanges like other currencies. It also means that investors in currencies such as hedge funds, investment brokerages, etc, etc can legally pick up the dinar and place them in portfolios such as 401k, retirement funds, mutual funds, etc...The CBI itself tells me they must first “reinstate’ the dinar and in this process they expect a significant rate change. This process stems around the “project to delete the zeros”. They tell me this project must coincide closely with the reinstatement process. This is what we watch and wait for not a revaluation.
1-7-2019 Intel Guru Frank26 Article: "Iran is moving to remove zeros from its currency and curb inflation" [IMO this is a lop.] CORRECT...THE COMPLETE OPPOSITE OF IRAQ'S RI!!! THERE IS ALL THE REASON FOR THE IRANIAN RIAL TO LOP ...AS THERE IS ALL REASON FOR THE IRAQI DINAR TO RD/RV/RI!!!
1-7-2019 Newshound/Intel Guru Walkingstick Article: "Iran is moving to remove zeros from its currency and curb inflation" Comparing, apples- oranges... There are no comparable factors between Iraq/ Iran and why they have opted to RD their currencies.... The manner in which it will be employed and or the expectation of results after the fact...In short: Irans reasoning/ necessity due to inflation spiraling out of control, approaching hyperinflation...A factor non existent in Iraq...
1-7-2019 Intel Guru ADMINBILL Still hearing good things so don't be discouraged. Once again, until all of my contacts agree because they have proof in hand then we continue our watch.
1-6-2019 Newshound Guru Adam Montana [Crude Oil Prices/Future to reach a critical threshold (whatever THAT is).] $55 is what I'm looking for, with $60 being in the red zone.
1-6-2019 Intel Guru RayRen98 Artile: "Iran pushes Iraq to maintain trade without US dollar" Article summary: "Iran is pushing for an agreement with the Iraqi Central Bank to maintain trade in local currencies after dollar-base trade halted following the reimposition of US sanctions." “Using the dinar in trade with Iran will lead to an increase in the value of the Iraqi dinar due to higher demand, especially considering that the trade exchange between the two countries reached $8 billion in the past eight months,” freelance researcher and writer Ahmed Hathal told Al-Monitor." For a clear understanding of why things are being held up...it’s what I’ve been telling you for weeks.
1-6-2019 Newshound/Intel Guru Mnt Goat ...last summer we got the HCL passed and we were told full activation in Sept since the passing of the law stated Sept timeframe for activation. But this of course was contingent upon something. This something we don’t know what it is...Then when Sept came we were told full activation in Feb 2019 along with the sovereign funds. So this is technically overdue. So what is this issue then that they keep delaying this? Could if the drop in the price of oil? Could it be they expecte to have the govt in place and the reconstruction moving along by now and thus also the currency restated? But since they still delay the govt this is delaying everything else?...
1-6-2019 Newshound/Intel Guru BGG [Reference Guru Kaperoni post 1-4-2019 - There is a tweet going around that President Trump has tied some RV to a China trade agreement…False. There is no RV never will be. Best we can hope for is for Iraq to open it’s economy to investors and float the dinar.] This is [Kaperoni's] honest opinion. However, this is all it is – an opinion. In fact, it is an opinion not at all validated by documents produced by the CBI and the US Congress.
1-6-2019 Intel Guru RayRen98 Artile: "Iran pushes Iraq to maintain trade without US dollar" Article summary: "Iran is pushing for an agreement with the Iraqi Central Bank to maintain trade in local currencies after dollar-base trade halted following the reimposition of US sanctions." “Using the dinar in trade with Iran will lead to an increase in the value of the Iraqi dinar due to higher demand, especially considering that the trade exchange between the two countries reached $8 billion in the past eight months,” freelance researcher and writer Ahmed Hathal told Al-Monitor." For a clear understanding of why things are being held up...it’s what I’ve been telling you for weeks.
1-6-2019 Newshound/Intel Guru Mnt Goat ...last summer we got the HCL passed and we were told full activation in Sept since the passing of the law stated Sept timeframe for activation. But this of course was contingent upon something. This something we don’t know what it is...Then when Sept came we were told full activation in Feb 2019 along with the sovereign funds. So this is technically overdue. So what is this issue then that they keep delaying this? Could if the drop in the price of oil? Could it be they expecte to have the govt in place and the reconstruction moving along by now and thus also the currency restated? But since they still delay the govt this is delaying everything else?...
1-6-2019 Newshound/Intel Guru BGG [Reference Guru Kaperoni post 1-4-2019 - There is a tweet going around that President Trump has tied some RV to a China trade agreement…False. There is no RV never will be. Best we can hope for is for Iraq to open it’s economy to investors and float the dinar.] This is [Kaperoni's] honest opinion. However, this is all it is – an opinion. In fact, it is an opinion not at all validated by documents produced by the CBI and the US Congress.
1-5-2019 Newshound Guru Adam Montana [Any real chance we see the HCL passed this month?] Any real chance - absolutely! But I think it will be delayed until there is a solid swing in the oil market.
1-5-2019 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENT TO VOTE TO LIFT THE IMMUNITY OF ANY DEPUTY WHO VIOLATES THE LAW" this member of parliament is right on track. This immunity stuff is at the very heart of the issue of corruption. Don’t you think members of the government know they are protected and this gives them a safeguard? Eliminate this and things could drastically change in Iraq, for the better.
1-5-2019 Newshound Guru Breitling Iraq can not function…they need $54 per barrel to survive…they’re telling us…in two years it’s going to be $25 per barrel. That means they’re in the negative. They need $54 to stay even. That’s just to make it. To survive…They are going to be below that by half…it makes me happy cause you and I are sitting on their currency. What are they going to do devalue it more? No. They are going to add value and you and I are sitting on it. You should be happy. It’s real…that’s the way it works. No body can get around this math…You have a hundred years of how countries devalued and valued their currencies and Iraq is no different. They are going to be forced to do it. Nothing can stop them from doing it. That’s what’s so neat about what’s coming up.
1-5-2019 Newshound/Intel Guru Mnt Goat Article Quote: "...al-Karbouli warned Thursday of dire consequences for the Iraqi economy if the fate OF THE IRAQI DINAR IS LINKED TO LOWER CURRENCIES." Could this be referring to the USD? Of course it is since the dinar is not solely pegged to the US dollar ... if the US dollar has de-valuing issues, this would also drag down the value of the Iraqi dinar. This article is correct. So the best solution is to get off the sole peg and re-peg to the SDR basket of 5 currencies. Then put the dinar on a float and open it up to the world again.
1-5-2019 Newshound Guru MilitiaMan Article: "Under the title No to the adventure of our economy .. Karbali warns of linking the Iraqi dinar in currencies with the lowest value" My take away is this. Okay, he is concerned the IQD will be LINKED with other currencies, that may or do have less value. Not my problem...As what he just said, tells me the cat is out of the bag in that they are going to be linked to other currencies internationally...We shall see what happens, and all in my opinion!! WOW.
1-5-2019 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENT TO VOTE TO LIFT THE IMMUNITY OF ANY DEPUTY WHO VIOLATES THE LAW" this member of parliament is right on track. This immunity stuff is at the very heart of the issue of corruption. Don’t you think members of the government know they are protected and this gives them a safeguard? Eliminate this and things could drastically change in Iraq, for the better.
1-5-2019 Newshound Guru Breitling Iraq can not function…they need $54 per barrel to survive…they’re telling us…in two years it’s going to be $25 per barrel. That means they’re in the negative. They need $54 to stay even. That’s just to make it. To survive…They are going to be below that by half…it makes me happy cause you and I are sitting on their currency. What are they going to do devalue it more? No. They are going to add value and you and I are sitting on it. You should be happy. It’s real…that’s the way it works. No body can get around this math…You have a hundred years of how countries devalued and valued their currencies and Iraq is no different. They are going to be forced to do it. Nothing can stop them from doing it. That’s what’s so neat about what’s coming up.
1-5-2019 Newshound/Intel Guru Mnt Goat Article Quote: "...al-Karbouli warned Thursday of dire consequences for the Iraqi economy if the fate OF THE IRAQI DINAR IS LINKED TO LOWER CURRENCIES." Could this be referring to the USD? Of course it is since the dinar is not solely pegged to the US dollar ... if the US dollar has de-valuing issues, this would also drag down the value of the Iraqi dinar. This article is correct. So the best solution is to get off the sole peg and re-peg to the SDR basket of 5 currencies. Then put the dinar on a float and open it up to the world again.
1-5-2019 Newshound Guru MilitiaMan Article: "Under the title No to the adventure of our economy .. Karbali warns of linking the Iraqi dinar in currencies with the lowest value" My take away is this. Okay, he is concerned the IQD will be LINKED with other currencies, that may or do have less value. Not my problem...As what he just said, tells me the cat is out of the bag in that they are going to be linked to other currencies internationally...We shall see what happens, and all in my opinion!! WOW.
1-4-2019 Newshound/Intel Guru Mnt Goat We still wait for the Jan 8th session in parliament to see if the last of the three ministers are voted on. Today we heard that maybe they might just vote on the Interior minister on next Tuesday. We wait and see. So right now there is still no indication of a reinstatement occurring soon. I know we all expected maybe January to be our month and this is still the best month for the CBI to target it. The CBI still has this planned for January but, like I keep telling everyone, this is not going to be such a huge surprise when it does occur. We WILL have some indication for at least a week or two ahead of time and see it coming. Right now we do NOT see any of these indicators. Maybe after the last of the ministers are voted on things might suddenly pick up and get crazy. We just sit, relax and wait…..
1-4-2019 Newshound Guru Kaperoni There is a tweet going around that President Trump has tied some RV to a China trade agreement...False. There is no RV never will be. Best we can hope for is for Iraq to open it's economy to investors and float the dinar.
1-4-2019 Intel Guru Bruce ...I know there have been things happening in Iraq. I know that they have a Parliament meeting tomorrow [Friday] ...I am sure some good information will come out of that...We know things are moving along, but they are moving slowly. As far as I know rates are still good... ...I believe that there is going to be a Bank meeting among the major Banks...I think they are going to make a decision on when to release this to us... We believe they have a couple of options to do it before the weekend. ...That meeting should take place early in the afternoon tomorrow [Friday] which case anything is possible for us in the next couple of days. This is what I am hearing...I just think we are in a great position to receive and finally be there. Yes, it has been a much farther process than any of us thought.
1-4-2019 Newshound Guru Adam Montana [Since I have been on this investment (10years) the dinar rate is moving in the wrong direction (Devaluation) from 1166 - 1182 - 1190.] ...I don't think we're seeing anything to worry about. A change from 1166 to 1190 is miniscule and barely worth noting...I think we are going in a good direction.
1-4-2019 Newshound/Intel Guru RVAlready [Question. Is it to say that Iraq depends on stable oil prices in which to submit, ratify, and approve a budget? I ask because one would think that contingencies would be in place for such a volatile resource.] That would depend on current rate vs budget minimum target rate. A question I cannot answer….there is probably room to spare in the numbers. They have been at this a long time. So, they probably have room to play before they would alter the budget. Also...they have plenty of monetary reserves.
1-4-2019 Newshound Guru Kaperoni There is a tweet going around that President Trump has tied some RV to a China trade agreement...False. There is no RV never will be. Best we can hope for is for Iraq to open it's economy to investors and float the dinar.
1-4-2019 Intel Guru Bruce ...I know there have been things happening in Iraq. I know that they have a Parliament meeting tomorrow [Friday] ...I am sure some good information will come out of that...We know things are moving along, but they are moving slowly. As far as I know rates are still good... ...I believe that there is going to be a Bank meeting among the major Banks...I think they are going to make a decision on when to release this to us... We believe they have a couple of options to do it before the weekend. ...That meeting should take place early in the afternoon tomorrow [Friday] which case anything is possible for us in the next couple of days. This is what I am hearing...I just think we are in a great position to receive and finally be there. Yes, it has been a much farther process than any of us thought.
1-4-2019 Newshound Guru Adam Montana [Since I have been on this investment (10years) the dinar rate is moving in the wrong direction (Devaluation) from 1166 - 1182 - 1190.] ...I don't think we're seeing anything to worry about. A change from 1166 to 1190 is miniscule and barely worth noting...I think we are going in a good direction.
1-4-2019 Newshound/Intel Guru RVAlready [Question. Is it to say that Iraq depends on stable oil prices in which to submit, ratify, and approve a budget? I ask because one would think that contingencies would be in place for such a volatile resource.] That would depend on current rate vs budget minimum target rate. A question I cannot answer….there is probably room to spare in the numbers. They have been at this a long time. So, they probably have room to play before they would alter the budget. Also...they have plenty of monetary reserves.
1-3-2019 Newshound/Intel Guru Mnt Goat Will we see the “reinstatement” of the Iraqi dinar this month? All we can go by is what we know as FACTS...We know that Jan 2013 is a known past planned targets to reinstate the dinar. Even Dr Shabibi came out in a news media talk and told us that Iraq had an “unprecedented” opportunity to reinstate the dinar. But they failed due to political corruption. Three other targeted times but NOT attempted like in 2013, also occurred for January 2011, 2016, 2018. The CBI also came flat right out and told us that “EARLY 2017” was a target but due to ISIS war not completed this would be delayed. So it seems that EARLY January is significant. When we research we find out that the accounting period (fiscal year accounting period) for Iraq begins Jan 1st not oct 1st like in the western world. Could this make a difference as to why they select January each time? This may always been the best opportunity for them to reinstate the dinar.
1-3-2019 Intel Guru RayRen98 Iraqi TV is reporting that the cabinet will be completed on Friday. PM Mahdi is being quoted as saying that the Supreme Court will be restructured due to corruption. More of the Green Zone is being made available for public access.
1-3-2019 Guest Guru BobTheTaxMan Things have never changed. They haven’t. It’s [The Iraqi Dinar] an undervalued currency that we have elected to participate in. It takes a little bit of gumption to step up and try that…I hope and believe that somewhere in the very near future we are gong to see everything shift over in the Middle East and the investment we’re involved in to will come to fruition.
1-3-2019 Intel Guru ADMINBILL Where we are as of 01/01/2019...This is what was passed to me at last night. Once again the scheduled release of the RV, set for the end of 2018, and subsequently postponed, is now said to be rescheduled for early January 2019. As I have said multiple times in the past the RV must be preceded by a completion of all activation processes which I believe may have been completed in full or nearly so. The final process is said to be the public RV...After forwarding that information to several contacts it was stated that the information they have receive follows closely to what I just summarized...We shall see how this latest information plays out through the coming days and early weeks of 2019.
1-3-2018 Intel Guru Checkmate ...I'm here because I know for a fact it's going to happen. If I didn't think it was going to happen I would sell my dinar...But I hang onto it because we've done our homework...but we don't know that it's this month...Now if it's this week that's wonderful...it will imminently happen sometime in history and I also believe that should be very soon...They are doing it...The plan is to do it as soon as possible...Do I think that huge thing is going to take place in 5 days...I am not longer going to do that...Eventually Iraq's going to get their money back...they are going to recatergorize the dinar...
1-3-2019 Intel Guru RayRen98 Iraqi TV is reporting that the cabinet will be completed on Friday. PM Mahdi is being quoted as saying that the Supreme Court will be restructured due to corruption. More of the Green Zone is being made available for public access.
1-3-2019 Guest Guru BobTheTaxMan Things have never changed. They haven’t. It’s [The Iraqi Dinar] an undervalued currency that we have elected to participate in. It takes a little bit of gumption to step up and try that…I hope and believe that somewhere in the very near future we are gong to see everything shift over in the Middle East and the investment we’re involved in to will come to fruition.
1-3-2019 Intel Guru ADMINBILL Where we are as of 01/01/2019...This is what was passed to me at last night. Once again the scheduled release of the RV, set for the end of 2018, and subsequently postponed, is now said to be rescheduled for early January 2019. As I have said multiple times in the past the RV must be preceded by a completion of all activation processes which I believe may have been completed in full or nearly so. The final process is said to be the public RV...After forwarding that information to several contacts it was stated that the information they have receive follows closely to what I just summarized...We shall see how this latest information plays out through the coming days and early weeks of 2019.
1-3-2018 Intel Guru Checkmate ...I'm here because I know for a fact it's going to happen. If I didn't think it was going to happen I would sell my dinar...But I hang onto it because we've done our homework...but we don't know that it's this month...Now if it's this week that's wonderful...it will imminently happen sometime in history and I also believe that should be very soon...They are doing it...The plan is to do it as soon as possible...Do I think that huge thing is going to take place in 5 days...I am not longer going to do that...Eventually Iraq's going to get their money back...they are going to recatergorize the dinar...
1-2-2019 Newshound Guru Adam Montana ... I think this year is going to prove different than the last. ...It shouldn’t come as a surprise that the tail end of 2018 didn’t bring us an RV. Iraq operates on a global scale, so things that happen around the world do have an influence on them. 2018 was the worst year in the stock market since 2008. More importantly, US crude posted it’s first loss since 2015. Those are not specifically Iraq’s losses, of course, but lower oil prices affect ALL oil markets. Combine that with a general lack of news regarding the HCL and we have an obvious situation where they would not pull the trigger. We'd all like to think that Iraq can pull off an RV with lower oil prices, but the current market needs to change for Iraq and everyone else to be confident. It will happen, of course. But this doesn't look like the week for it. Not that I'm discouraged at all! The current market is a temporary thing. Nothing negative has happened to scare us from the future of this venture. And I don't think anything has changed to make Iraq no longer want to regain their former position of power and influence. It will happen. The question is only "when"?
1-2-2019 Newshound Guru Breitling The next big step for them was…the volume of currency that was out there. Then they had full control over the Iraqi dinar. So what are you and I looking at? Why am I invested? …I see an undervalued currency. Just like Warren Buffet sees an undervalued stock in the stock market…I can tell you where the value was at. I can tell you where the value is right now. And I can tell you what the value could be. The difference between Warren Buffet and us is that he has management rights. We don’t have management rights. We have to have confidence in the…people who are managing it to get it to where we want it to be. We’re just investing in an undervalued currency…Don’t tell me it’s at true market value…there’s all this hidden value in it. The people who don’t see it, hey that’s on you…it’s the most legitimate thing out there. It’s a huge opportunity. The question is, when. You and I don’t have control over that. [post 2 of 2]
1-2-2019 Newshound Guru Breitling …We’re looking at a currency [Iraqi Dinar]. We know what it used to be worth…the highest it was worth was $3.25. Saddam Hussein through his manipulated currencies said it was worth $3.75 but we know that’s not true. We had the first gulf war and it took a huge hit. So we know what the value went to at that stage. The second gulf war we knew it was going to drop to compete nothing so we injected the Iraqi economy with $1.5 billion worth of U.S currency so when we did the shock and awe they had money to spend…later on down the road they printed the currency that you and I have and they actually had to put $1.5 billion more U.S. dollars more into the economy because the popularity of the currency [Iraqi dinar] started going up. So what were they trying to do? Control the pace of the economy of Iraq. They actually had to do this a couple of times…[ post 1 of 2]
1-2-2019 Intel Guru Bruce Every indication we have had over the last 3 or 4 days is pointing toward the next day or so. ....We did get a few things that sort of confirmed where we thought we were and where we are, and where we plan to be the next couple of days. I am going to stay very positive and say that I believe we are at the end...We know everything is ready. [post 2 of 2]
1-2-2019 Intel Guru Bruce [via Pinkroses] ...here on January 1st is as an International New Years Day none of the banks are really open, but also none of the markets are opened for trading. ...but they are getting ready to start up here... ...I do know that what we have heard regarding the rates have been very favorable. ...Yesterday we heard very positive thing that put the Iraqi Dinar at about $5.60. It put the Vietnamese Dong at almost $5.00. ...Now let me say this, those rates were still up this afternoon [Tuesday], but they had not changed because no trading has taken place. Now we believe that tomorrow we will have new rates up on the screens that should be even better. All the rates including the Dinar should be there. [post 1 of 2....stay tuned]
1-2-2019 Newshound Guru MilitiaMan Article: "An economic artery will link Iraq to Jordan for decades" Quote: "...both countries would arrive at details of the transfer and cost of export of Iraqi crude oil to Jordan before 2 February 2019."... They have had this in the works for years... Fees and Customs Duties.. Taxes and Tariffs willl automatically adjust when timed accordingly and appropriate.!! imo ...we are in a sweet spot.. imo.
1-2-2019 Newshound/Intel Guru Mnt Goat Article: "AL-TAMIMI: IRAQ WILL BORROW FROM 21 FOREIGN PARTIES IN THE BUDGET OF 2019" Quote: “The 2019 budget is going in the wrong direction,” she said." Tamimi is an MP on the finance committee. I would listen to her closely. She is also the one that first exposed all this corruption with the currency auctions years and years ago and we all know this is in part, why the reinstatement is taking so long. We also know that in part the new Nov sanctions on Iran were designed to force Iraq to close down the auctions and use dinar for trading purposes with neighboring countries. But in order to do this they must first reinstate the currency...
1-2-2019 Newshound Guru Breitling The next big step for them was…the volume of currency that was out there. Then they had full control over the Iraqi dinar. So what are you and I looking at? Why am I invested? …I see an undervalued currency. Just like Warren Buffet sees an undervalued stock in the stock market…I can tell you where the value was at. I can tell you where the value is right now. And I can tell you what the value could be. The difference between Warren Buffet and us is that he has management rights. We don’t have management rights. We have to have confidence in the…people who are managing it to get it to where we want it to be. We’re just investing in an undervalued currency…Don’t tell me it’s at true market value…there’s all this hidden value in it. The people who don’t see it, hey that’s on you…it’s the most legitimate thing out there. It’s a huge opportunity. The question is, when. You and I don’t have control over that. [post 2 of 2]
1-2-2019 Newshound Guru Breitling …We’re looking at a currency [Iraqi Dinar]. We know what it used to be worth…the highest it was worth was $3.25. Saddam Hussein through his manipulated currencies said it was worth $3.75 but we know that’s not true. We had the first gulf war and it took a huge hit. So we know what the value went to at that stage. The second gulf war we knew it was going to drop to compete nothing so we injected the Iraqi economy with $1.5 billion worth of U.S currency so when we did the shock and awe they had money to spend…later on down the road they printed the currency that you and I have and they actually had to put $1.5 billion more U.S. dollars more into the economy because the popularity of the currency [Iraqi dinar] started going up. So what were they trying to do? Control the pace of the economy of Iraq. They actually had to do this a couple of times…[ post 1 of 2]
1-2-2019 Intel Guru Bruce Every indication we have had over the last 3 or 4 days is pointing toward the next day or so. ....We did get a few things that sort of confirmed where we thought we were and where we are, and where we plan to be the next couple of days. I am going to stay very positive and say that I believe we are at the end...We know everything is ready. [post 2 of 2]
1-2-2019 Intel Guru Bruce [via Pinkroses] ...here on January 1st is as an International New Years Day none of the banks are really open, but also none of the markets are opened for trading. ...but they are getting ready to start up here... ...I do know that what we have heard regarding the rates have been very favorable. ...Yesterday we heard very positive thing that put the Iraqi Dinar at about $5.60. It put the Vietnamese Dong at almost $5.00. ...Now let me say this, those rates were still up this afternoon [Tuesday], but they had not changed because no trading has taken place. Now we believe that tomorrow we will have new rates up on the screens that should be even better. All the rates including the Dinar should be there. [post 1 of 2....stay tuned]
1-2-2019 Newshound Guru MilitiaMan Article: "An economic artery will link Iraq to Jordan for decades" Quote: "...both countries would arrive at details of the transfer and cost of export of Iraqi crude oil to Jordan before 2 February 2019."... They have had this in the works for years... Fees and Customs Duties.. Taxes and Tariffs willl automatically adjust when timed accordingly and appropriate.!! imo ...we are in a sweet spot.. imo.
1-2-2019 Newshound/Intel Guru Mnt Goat Article: "AL-TAMIMI: IRAQ WILL BORROW FROM 21 FOREIGN PARTIES IN THE BUDGET OF 2019" Quote: “The 2019 budget is going in the wrong direction,” she said." Tamimi is an MP on the finance committee. I would listen to her closely. She is also the one that first exposed all this corruption with the currency auctions years and years ago and we all know this is in part, why the reinstatement is taking so long. We also know that in part the new Nov sanctions on Iran were designed to force Iraq to close down the auctions and use dinar for trading purposes with neighboring countries. But in order to do this they must first reinstate the currency...
1-1-2019 Intel Guru Frank26 YOUR FOCUS SHOULD ONLY BE ON...WHAT THE CBI DOES WITH THE RI OF THE IQD...NOTHING ELSE. FOR ALL ELSE WILL AUTOMATICALLY ADJUST POST RI. [Note: The latest and official CBI rate and market rate are listed in the Dinar Guru Recourse Bar on the left of this page]
1-1-2019 Newshound Guru Kaperoni ...monetary policy is not some random act. Monetary policy is based on statistical analysis. Iraq is not at an artifical currency rate. ...The rate is the current exchange rate that has already appreciated since the dinar was introduced in 2003 from about 3400 to $1 to 1166 to $1 by sound montary policy under Shabibi. And since 2015 the dinar devalued to 1190 to $1 as a result of IMF intervention. This is the true dinar rate. There is no RV or RI. If the dinar is ever going to continue to appreciate it will be based on sound monetary and economic principles. This can only occur if Iraq opens it's banking and financial system and creates a private sector in which foreign investment can come into Iraq. Only then the dinar will appreciate in value via a float. ...As I stated, Iraq has much to do before the dinar can rise. Happy New Years to all. Let's hope 2019 is prosperous for all.
1-1-2019 Intel Guru Frank26 IMO...THE MR OF THE IQD IS ENTERING A NEW...PHASE. NO ONE KNOWS THE DATE NOR THE RATE...BUT THAT'S NOT IMPORTANT BECAUSE OF THE EVIDENCE DIRECTLY FROM THE CBI...BOLDLY AND CONFIDENTLY. IMO...THE RI HAS EVOLVED INTO A PHASE THAT WE WAIT FOR TIME TO SHOW YOU...
1-1-2019 Newshound Guru MilitiaMan So, I don't know if they can't come out higher than the AAD or SDR for a fact, I do trust [Guru] Walkingstick, however, I do believe Alak is the one that has the purse strings at that CBI...So, we watch and wait. It very well may be an AAD rate and then climb later on.. Then again, Iraq has told us they doubled their oil reserves and are finally going to impose taxes and tariffs, claw back assets, liquid natural gas sales, minerals, etc.., therefore all would appear to support higher values now than in the past. imo... [post 2 of 2]
1-1-2019 Newshound Guru MilitiaMan ...I have the opinion that "The longer it takes the more money we make." With that said, my assessment ...on what Alak from the CBI has told us in regard to loans...both the bad and good. He pointed out in the interview that the bad loans were worth $5,000,000,00. So...if you take what Alak says, then drop the zeros and do the math. It comes out in the range well over the AAD. Which by the way, to determine the AAD we used the loans they publish, to ascertain the $4.25. Just as we used the IMF / SDR 3x.. Depending on which rate one uses the daily or monthly rate per the IMF SDR, one may find $4.20 + - up to $5.85... imo... [post 1 of 2....stay tuned]
1-1-2019 Newshound Guru Kaperoni ...monetary policy is not some random act. Monetary policy is based on statistical analysis. Iraq is not at an artifical currency rate. ...The rate is the current exchange rate that has already appreciated since the dinar was introduced in 2003 from about 3400 to $1 to 1166 to $1 by sound montary policy under Shabibi. And since 2015 the dinar devalued to 1190 to $1 as a result of IMF intervention. This is the true dinar rate. There is no RV or RI. If the dinar is ever going to continue to appreciate it will be based on sound monetary and economic principles. This can only occur if Iraq opens it's banking and financial system and creates a private sector in which foreign investment can come into Iraq. Only then the dinar will appreciate in value via a float. ...As I stated, Iraq has much to do before the dinar can rise. Happy New Years to all. Let's hope 2019 is prosperous for all.
1-1-2019 Intel Guru Frank26 IMO...THE MR OF THE IQD IS ENTERING A NEW...PHASE. NO ONE KNOWS THE DATE NOR THE RATE...BUT THAT'S NOT IMPORTANT BECAUSE OF THE EVIDENCE DIRECTLY FROM THE CBI...BOLDLY AND CONFIDENTLY. IMO...THE RI HAS EVOLVED INTO A PHASE THAT WE WAIT FOR TIME TO SHOW YOU...
1-1-2019 Newshound Guru MilitiaMan So, I don't know if they can't come out higher than the AAD or SDR for a fact, I do trust [Guru] Walkingstick, however, I do believe Alak is the one that has the purse strings at that CBI...So, we watch and wait. It very well may be an AAD rate and then climb later on.. Then again, Iraq has told us they doubled their oil reserves and are finally going to impose taxes and tariffs, claw back assets, liquid natural gas sales, minerals, etc.., therefore all would appear to support higher values now than in the past. imo... [post 2 of 2]
1-1-2019 Newshound Guru MilitiaMan ...I have the opinion that "The longer it takes the more money we make." With that said, my assessment ...on what Alak from the CBI has told us in regard to loans...both the bad and good. He pointed out in the interview that the bad loans were worth $5,000,000,00. So...if you take what Alak says, then drop the zeros and do the math. It comes out in the range well over the AAD. Which by the way, to determine the AAD we used the loans they publish, to ascertain the $4.25. Just as we used the IMF / SDR 3x.. Depending on which rate one uses the daily or monthly rate per the IMF SDR, one may find $4.20 + - up to $5.85... imo... [post 1 of 2....stay tuned]
12-31-2018 Newshound/Intel Guru Mnt Goat Here comes HCL….Article
quote: "The oil and energy parliamentary committee confirmed its intention TO APPROVE THE OIL AND GAS LAW DURING THE CURRENT PARLIAMENTARY SESSION." Iraq will need HCL and Article 140 to forward with a reinstatement...So it looks like this new govt is in support of getting this done, finally.
12-31-2018 Newshound Guru Sunkissed Article: "The Central Bank allows companies to mediate the sale and purchase of foreign currencies" THIS IS PART OF WHAT WE ARE ALL LOOKING FOR!!! imo. When a company "mediates the sale" -- that 's a fancy way to say that they get to take a percentage of the profit...a broker's fee! They are outright telling you that the IQD will be traded - bought and sold - by big investment brokers. In other words...rather than the auctions done by the CBI -- now you want to EXCHANGE dinar for another currency, like the USD, Rial, Yuan, etc. Go to a brokerage firm that handles that. You don't need to come to the CBI to buy and sell the dinar or any other foreign currency! For me, this is the preamble for stopping the auctions!!
12-31-2018 Newshound Guru MilitiaMan As for a couple other items centering around the taxes and the date of 01/01/19. Who is scheduled to be in DC just before that date? Mahdi...Who told us Monetary Reforms can take up to 5 years time? The IMF. Who told us that as of 01/01/18 that the second set of books were completed for four years? Yep! [Guru] Walkingstick! Well 01/01/2019 is the fifth year... Now that may all be circumstantial to you all, but, it sure isn’t to me... in fact the evidence suggests this year will be taken care of possibly as soon as tomorrow night [Monday] 11:59:59!! One more thing, the source that brought me the forex traders, brought me that the high level traders expect the iqd should go live 01/02/2019 or 01/03/2019 per holiday trading time lines.. [post 2 of 2]
12-31-2018 Newshound Guru MilitiaMan They want the taxes and tariffs and big time...They will get a slice of that pie... ...simple math shows us that they (Alak) have given forward guidance as to where they are headed if not right out the gate. A program rate at .00083 is simply not what the Fab 4 are looking to get a % of...It will be based on a new international and very supported true value of imo over $6.00 (at least per the math based on Alak loan value he gave of $5,000,000.00 in an interview). Those taxes and tariffs will raise the value of their currency. The formula to calculate REER and NEER is done, just yet to be applied. One thing I have said in the past is, “The longer they take, the more money we make.”...what I mean by that Is the rate has been growing if in fact the new source (unsolicited) is right. Regardless what we will get will be a benefit for us all. [post 1 of 2....stay tuned]
quote: "The oil and energy parliamentary committee confirmed its intention TO APPROVE THE OIL AND GAS LAW DURING THE CURRENT PARLIAMENTARY SESSION." Iraq will need HCL and Article 140 to forward with a reinstatement...So it looks like this new govt is in support of getting this done, finally.
12-31-2018 Newshound Guru Sunkissed Article: "The Central Bank allows companies to mediate the sale and purchase of foreign currencies" THIS IS PART OF WHAT WE ARE ALL LOOKING FOR!!! imo. When a company "mediates the sale" -- that 's a fancy way to say that they get to take a percentage of the profit...a broker's fee! They are outright telling you that the IQD will be traded - bought and sold - by big investment brokers. In other words...rather than the auctions done by the CBI -- now you want to EXCHANGE dinar for another currency, like the USD, Rial, Yuan, etc. Go to a brokerage firm that handles that. You don't need to come to the CBI to buy and sell the dinar or any other foreign currency! For me, this is the preamble for stopping the auctions!!
12-31-2018 Newshound Guru MilitiaMan As for a couple other items centering around the taxes and the date of 01/01/19. Who is scheduled to be in DC just before that date? Mahdi...Who told us Monetary Reforms can take up to 5 years time? The IMF. Who told us that as of 01/01/18 that the second set of books were completed for four years? Yep! [Guru] Walkingstick! Well 01/01/2019 is the fifth year... Now that may all be circumstantial to you all, but, it sure isn’t to me... in fact the evidence suggests this year will be taken care of possibly as soon as tomorrow night [Monday] 11:59:59!! One more thing, the source that brought me the forex traders, brought me that the high level traders expect the iqd should go live 01/02/2019 or 01/03/2019 per holiday trading time lines.. [post 2 of 2]
12-31-2018 Newshound Guru MilitiaMan They want the taxes and tariffs and big time...They will get a slice of that pie... ...simple math shows us that they (Alak) have given forward guidance as to where they are headed if not right out the gate. A program rate at .00083 is simply not what the Fab 4 are looking to get a % of...It will be based on a new international and very supported true value of imo over $6.00 (at least per the math based on Alak loan value he gave of $5,000,000.00 in an interview). Those taxes and tariffs will raise the value of their currency. The formula to calculate REER and NEER is done, just yet to be applied. One thing I have said in the past is, “The longer they take, the more money we make.”...what I mean by that Is the rate has been growing if in fact the new source (unsolicited) is right. Regardless what we will get will be a benefit for us all. [post 1 of 2....stay tuned]
12-30-2018 Newshound/Intel Guru Mnt Goat ...Just so everyone knows that there was NO violation of sovereignty since the Iraqi government did know about the visit. There was no meeting with Iraqi officials due to the timing of the meeting and still the uncertain security situation. The renewed “US-Iraqi Status of Forces Agreement” (SOFA) is still in force and legally allows US forces to travel to Iraqi bases. This was renewed in order for the US to come into Iraq and help fight ISIS. Remember?
12-30-2018 Newshound/Intel Guru Mnt Goat ...Folks there is just too much coincidences happening and too many parallels with Iraq and the USA. You really have to settle down and quiet your mind and just think about it all rationally. We are in a HUGE transition period. We have the power to bring it sooner than later. We can make this happen...
12-30-2018 Newshound/Intel Guru Mnt Goat ...Folks there is just too much coincidences happening and too many parallels with Iraq and the USA. You really have to settle down and quiet your mind and just think about it all rationally. We are in a HUGE transition period. We have the power to bring it sooner than later. We can make this happen...
12-29-2018 Intel Guru RVAlready “We are close but we still have a large group in Iraq that doesn't want this. That's our problem” I do not think Iraq has a large anti-RV group. Perhaps more a few powerful guys with vested interests, and a few that hate the west…. I think the general populace favors the RV…… There is, undoubtably, a group of hard core, anti-western thinkers, some aligned with Iran, some not, that do not want an RV…I prefer to concentrate on receiving the blessing, and going from there…
12-29-2018 Intel Guru RVAlready “I really think that this new government is the key and that's why iraq is having so much trouble getting it finalized because they are fighting against Iranian influence.” The RV will help so many people. It is a shame to see it held up. BTW, it will also benefit Iran, so I do not see that as a reason for a hold….. We already congratulated Iraq on having the government done. And the 3 presidents could always take the last 3 posts…Yes, their [Iran’s] government hates the west. But I do not think that is the hold. I think Jan 1 is the plan date. I do not think the CBI is holding it back. Everything I have seen says CBI wants this done.
12-29-2018 Newshound Guru MilitiaMan My view is Mahdi is in DC now... Article quote: “He’s [President Trump] staying in Washington, D.C., over New Year’s. He’s canceled his plans for Christmas. Now, he’s canceled his plans for New Year’s,” That is a good find. It supports Mahdi and Trump, have business to tie up... imo...I see no cancellation of their meeting.. imo.
12-29-2018 Newshound/Intel Guru Mnt Goat I told everyone there are still two remaining laws to be passed to fulfill the constitutional requirements. I was told many years ago without a full implementation of the constitution there will be no reinstatement of the dinar...So...we see the HCL this week and last week Iraq talked about the Article 140 requirement. Why is this? ...the GOI has to do its part and make sure the proper bills go before parliament and parliament passes them...Or no reinstatement. So all this news about passing HCL and Article 140 suddenly shows each time we get close to any reinstatement.
12-29-2018 Newshound/Intel Guru RVAlready No reason to be pessimistic about the RV at this point…..We just have no new data. There was no positive data before the Kuwait change either.
12-29-2018 Intel Guru ADMINBILL I DO NOT BELIEVE 2018 IS IN OUR CARDS SO I AM FOCUSING ON 2019. THERE APPEAR TO BE MANY THINGS COMING TO A MEETING POINT VERY SOON.
12-29-2018 Intel Guru RVAlready “I really think that this new government is the key and that's why iraq is having so much trouble getting it finalized because they are fighting against Iranian influence.” The RV will help so many people. It is a shame to see it held up. BTW, it will also benefit Iran, so I do not see that as a reason for a hold….. We already congratulated Iraq on having the government done. And the 3 presidents could always take the last 3 posts…Yes, their [Iran’s] government hates the west. But I do not think that is the hold. I think Jan 1 is the plan date. I do not think the CBI is holding it back. Everything I have seen says CBI wants this done.
12-29-2018 Newshound Guru MilitiaMan My view is Mahdi is in DC now... Article quote: “He’s [President Trump] staying in Washington, D.C., over New Year’s. He’s canceled his plans for Christmas. Now, he’s canceled his plans for New Year’s,” That is a good find. It supports Mahdi and Trump, have business to tie up... imo...I see no cancellation of their meeting.. imo.
12-29-2018 Newshound/Intel Guru Mnt Goat I told everyone there are still two remaining laws to be passed to fulfill the constitutional requirements. I was told many years ago without a full implementation of the constitution there will be no reinstatement of the dinar...So...we see the HCL this week and last week Iraq talked about the Article 140 requirement. Why is this? ...the GOI has to do its part and make sure the proper bills go before parliament and parliament passes them...Or no reinstatement. So all this news about passing HCL and Article 140 suddenly shows each time we get close to any reinstatement.
12-29-2018 Newshound/Intel Guru RVAlready No reason to be pessimistic about the RV at this point…..We just have no new data. There was no positive data before the Kuwait change either.
12-29-2018 Intel Guru ADMINBILL I DO NOT BELIEVE 2018 IS IN OUR CARDS SO I AM FOCUSING ON 2019. THERE APPEAR TO BE MANY THINGS COMING TO A MEETING POINT VERY SOON.
12-28-2018 Newshound/Intel Guru Mnt Goat I am hopeful that 2019 will finally be our year. Right now, it is surely shaping up that way. I can’t predict if the reinstatement will happen right at the first week in January but I will say it is very close as we see many signs. Yes, the CBI is still targeting sometime in January as this is the BEST time to do the reinstatement (but not the ONLY time they can do it).
12-28-2018 Newshound/Intel Guru Arthur There is a direct correlation as to why we have never seen an implemented HCL and we have not seen the deletion of the zeros. IMO the HCL was always designed to be distributed in revaluated IQD. There is question as to whether the RV needs the HCL or the HCL needs the RV but either way they go hand in hand and need each other. The timing of this article is by no means coincidental. Nor was the "secret" visit of the POTUS to Iraq. The beginning of the 1st quarter of 2019 is looking very promising indeed. [post 2 of 2]
12-28-2018 Newshound/Intel Guru Arthur GOI + HCL= RV. GOI wise... its gonna require the voting in of the 3 remaining important ministers or the PM temporarily absorbing these ministries by proxy. As for the HCL "Parliamentary intention to pass the law «oil and gas." A member of the oil and energy parliamentary committee on the reform and reconstruction movement, Ali Aboudi, the determination of his committee to approve the law of oil and gas, during the current parliamentary session." He went on to state the importance of passing this law now and that they need to "join the process of distributing the oil wealth to the people." [post 1 of 2....stay tuned]
12-28-2018 Intel Guru Bruce ...We understand that everything went very well at the celebration for Iraq. I believe they have done everything we, the US and the UN, and the IMF have requested of them to do. I know that there is a group of delegates coming from Iraq to the United States here in a matter of days...Why in the world would they be coming over here? Is there something to announce. Is there something else we are going to acknowledge about Iraq? ... I heard that the rates are pretty much on the screens except we have pending notification by dinar...So when everything solidifies the pending will go away and those rates will be solid and live...We didn’t have the Christmas we thought we would have, but will we have a New Year’s celebration like we have never had before? I think that is very possible. [post 2 of 2]
12-28-2018 Intel Guru Bruce ...we were given some information... that pointed to before the end of the year. I am going to say that information I have is still valid...First of all you know President Trump made a surprise trip to Christmas Day...Yes, he did greet the troops that were there and...In addition to that his main reason for going, even though that was very important, certainly very important part of it, was to congratulate Mahdi on putting their new Parliamentary form of Government together. So he meant [met ?] not only with Mahdi, Abadi, A-lak from CBI, Barzani, and etc. He meant [met ?] with them to congratulate them and celebrate with them...We know that because we had people there for that celebration...My understanding is that he said some things relative to having a monetary reform this week and that it would be good for us. [post 1 of 2....stay tuned]
12-28-2018 Newshound/Intel Guru Arthur There is a direct correlation as to why we have never seen an implemented HCL and we have not seen the deletion of the zeros. IMO the HCL was always designed to be distributed in revaluated IQD. There is question as to whether the RV needs the HCL or the HCL needs the RV but either way they go hand in hand and need each other. The timing of this article is by no means coincidental. Nor was the "secret" visit of the POTUS to Iraq. The beginning of the 1st quarter of 2019 is looking very promising indeed. [post 2 of 2]
12-28-2018 Newshound/Intel Guru Arthur GOI + HCL= RV. GOI wise... its gonna require the voting in of the 3 remaining important ministers or the PM temporarily absorbing these ministries by proxy. As for the HCL "Parliamentary intention to pass the law «oil and gas." A member of the oil and energy parliamentary committee on the reform and reconstruction movement, Ali Aboudi, the determination of his committee to approve the law of oil and gas, during the current parliamentary session." He went on to state the importance of passing this law now and that they need to "join the process of distributing the oil wealth to the people." [post 1 of 2....stay tuned]
12-28-2018 Intel Guru Bruce ...We understand that everything went very well at the celebration for Iraq. I believe they have done everything we, the US and the UN, and the IMF have requested of them to do. I know that there is a group of delegates coming from Iraq to the United States here in a matter of days...Why in the world would they be coming over here? Is there something to announce. Is there something else we are going to acknowledge about Iraq? ... I heard that the rates are pretty much on the screens except we have pending notification by dinar...So when everything solidifies the pending will go away and those rates will be solid and live...We didn’t have the Christmas we thought we would have, but will we have a New Year’s celebration like we have never had before? I think that is very possible. [post 2 of 2]
12-28-2018 Intel Guru Bruce ...we were given some information... that pointed to before the end of the year. I am going to say that information I have is still valid...First of all you know President Trump made a surprise trip to Christmas Day...Yes, he did greet the troops that were there and...In addition to that his main reason for going, even though that was very important, certainly very important part of it, was to congratulate Mahdi on putting their new Parliamentary form of Government together. So he meant [met ?] not only with Mahdi, Abadi, A-lak from CBI, Barzani, and etc. He meant [met ?] with them to congratulate them and celebrate with them...We know that because we had people there for that celebration...My understanding is that he said some things relative to having a monetary reform this week and that it would be good for us. [post 1 of 2....stay tuned]
12-27-2018 *** Dinar Guru News Flash *** U.S. President Donald Trump made a surprise visit to the troops in Iraq on Christmas evening. It's reported he assured Iraq there are no plans for the U.S. to end operations or support in the region. Stay tuned as the gurus chime in on the significance of the President Trump's visit. The latest posts will continue below...
12-27-2018 Newshound/Intel Guru RVAlready ...I feel we are headed for the RV. The 2019 Iraq budget is written in post-RV numbers (billions, not trillions, of dinar). Iraq needs this RV to move forward. The CBI is clearly planning to get this done. To me, everything else is just noise.
12-27-2018 Newshound Guru Kaperoni Quote from John Bolton, Assistant to the President for National Security Affairs: "In Iraq, President Trump spoke w/ US military leaders about the progress to secure total victory against ISIS. He also spoke w/ Iraqi Prime Minister Adil Abdul-Mahdi, and invited him to visit the White House. We look forward to hosting him DC."
12-27-2018 Newshound/Intel Guru Mnt Goat "PRESIDENT TRUMP MAKES CHRISTMAS VISIT TO TROOPS IN IRAQ" So this really happened. It has NOTHING to do with the reinstatement of the currency...However, it a sign to us that the country is getting safer. But a “state” visit was NOT the purpose of this trip for Trump. He promised to return when the government is “fully” formed. Wow! This simply a visit to the armed forces base in Anbar...the visit was not actually surprising to the Iraq government but was asked to be kept quiet. Trump did say he fully intended someday soon to return for an “official state visit” but only when Iraq was ready.
12-27-2018 Intel Guru ADMINBILL Keep your eye on the ball during the coming week and into 2019...Remember, this is a process...Truth will soon prevail...We win.
12-27-2018 Newshound/Intel Guru tman23 Damn interesting that Secretary Treasurer Steve Munchin shook the markets after it leaked that he called banks to check if they had enough liquidity...WELL DO THEY?? AND WHAT IS ABOUT TO COME? It is getting close to the New Year when Iraq MUST do the ZEROS...we shall see what that entails as this is also the year for USA infrastructre rebuild to kickoff...Like what i'm seeing...hopefully the dinar bares fruit shortly!
12-27-2018 Newshound Guru Kaperoni Quote from John Bolton, Assistant to the President for National Security Affairs: "In Iraq, President Trump spoke w/ US military leaders about the progress to secure total victory against ISIS. He also spoke w/ Iraqi Prime Minister Adil Abdul-Mahdi, and invited him to visit the White House. We look forward to hosting him DC."
12-27-2018 Newshound/Intel Guru Mnt Goat "PRESIDENT TRUMP MAKES CHRISTMAS VISIT TO TROOPS IN IRAQ" So this really happened. It has NOTHING to do with the reinstatement of the currency...However, it a sign to us that the country is getting safer. But a “state” visit was NOT the purpose of this trip for Trump. He promised to return when the government is “fully” formed. Wow! This simply a visit to the armed forces base in Anbar...the visit was not actually surprising to the Iraq government but was asked to be kept quiet. Trump did say he fully intended someday soon to return for an “official state visit” but only when Iraq was ready.
12-27-2018 Intel Guru ADMINBILL Keep your eye on the ball during the coming week and into 2019...Remember, this is a process...Truth will soon prevail...We win.
12-27-2018 Newshound/Intel Guru tman23 Damn interesting that Secretary Treasurer Steve Munchin shook the markets after it leaked that he called banks to check if they had enough liquidity...WELL DO THEY?? AND WHAT IS ABOUT TO COME? It is getting close to the New Year when Iraq MUST do the ZEROS...we shall see what that entails as this is also the year for USA infrastructre rebuild to kickoff...Like what i'm seeing...hopefully the dinar bares fruit shortly!
12-26-2018 *** Dinar Guru News Update *** Two ministers positions have been voted on and seated. Only 6 seats remain open...these include the Interior, Justice and Defense Ministries. The latest guru posts will continue below...
12-26-2018 Newshound/Intel Guru Mnt Goat Article: "THE PARLIAMENTARY ECONOMY REVEALS EFFORTS TO AMEND THE INVESTMENT LAW TO INCREASE OPPORTUNITIES" Folks this is a BIG one. This law needed to be amended to facilitate foreign investors into Iraq. This was noted in the Kuwaiti conference and so finally we see it amended almost a year later. They sure do take their time…lol...We know for a FACT that the reinstatement of the dinar is supposed to be the launching pin of the 2018-2022 reconstruction effort. Article quote: “and to raise the market value of the Iraqi dinar”
12-26-2018 Newshound Guru Kaperoni Article quote: "President Trump and the First Lady traveled to Iraq late on Christmas night to visit with our troops and Senior Military leadership to thank them for their service, their success, and their sacrifice and to wish them a Merry Christmas." Trump makes a surprise visit to Iraq.
12-26-2018 Newshound Guru chattels Article: "Iraqi blocs resume their dialogues for "consensus" on the remaining three ministries of the government" Quote: " ...the remaining three ministries: the defense, the interior and justice, waiting to vote in future sessions. "
12-26-2018 Newshound/Intel Guru Mnt Goat HERE COMES ARTICLE 140, JUST IN TIME? Quote: "The President of the House of Representatives, Mohamed Halbusi, the request to host the Implementation Committee Article (140) of the Constitution to discuss the reasons for not completing the work that was formed for it." So here it is again. Folks this is not my FAKE news. This is real and finally it seems that going to implement Article 140 or pursue it again. Many say it is already done. NOT true. Like I keep telling everyone there needs to be a formal referendum (that is already written and send to parliament) then it needs to be voted on and implemented. Then it is done.[See the Dinar Guru Resource Bar on the left of this page for the full "possible list of to-do's" list.]
12-26-2018 Newshound Guru Kaperoni Article quote: "President Trump and the First Lady traveled to Iraq late on Christmas night to visit with our troops and Senior Military leadership to thank them for their service, their success, and their sacrifice and to wish them a Merry Christmas." Trump makes a surprise visit to Iraq.
12-26-2018 Newshound Guru chattels Article: "Iraqi blocs resume their dialogues for "consensus" on the remaining three ministries of the government" Quote: " ...the remaining three ministries: the defense, the interior and justice, waiting to vote in future sessions. "
12-26-2018 Newshound/Intel Guru Mnt Goat HERE COMES ARTICLE 140, JUST IN TIME? Quote: "The President of the House of Representatives, Mohamed Halbusi, the request to host the Implementation Committee Article (140) of the Constitution to discuss the reasons for not completing the work that was formed for it." So here it is again. Folks this is not my FAKE news. This is real and finally it seems that going to implement Article 140 or pursue it again. Many say it is already done. NOT true. Like I keep telling everyone there needs to be a formal referendum (that is already written and send to parliament) then it needs to be voted on and implemented. Then it is done.[See the Dinar Guru Resource Bar on the left of this page for the full "possible list of to-do's" list.]
12-25-2018 Newshound Guru MilitiaMan Article: "Kurdish parties announce two agreements on Kirkuk" Well this sounds to me like they have things hammered out, as they have an official book out in circulation on the matter of Article 140. They apparently are getting their share of what is entitled to them. In other words they are getting paid here soon and or now... If that is what this is saying, it is a very good sign and the timing is absolutely perfect to end they 2018 year and usher in the new into 2019.. We all expect to see the new currency (small categories) with the Kurds language on it too. Time will tell. imo.
12-25-2018 Newshound/Intel Guru Mnt Goat Article: "SAUDI ARABIA KEEPS THE EXCHANGE RATE PEGGED AT 3.75 RIYALS TO THE DOLLAR" Quote: "Saudi Arabia keeps the exchange rate pegged at 3.75 Riyals to the dollar." The question is this - Can Iraq sustain an 8th of a penny per dinar and think that it can easily trade with neighboring countries in an open market? How about incoming investors? How will they get their profits out of Iraq? Will they have to convert their profits in dinars to the US dollars first in the CBI currency auction? Oh – but maybe this is what Washington wants since it will create a demand for US Dollars and help stabilize the rate of the US dollar? Just asking. Could this also be part of the holdup in reinstating the dinar back to international status?
12-25-2018 Newshound Guru Breitling Every once in a while I’ll get an email that says, “Hey, what are your sources saying in Iraq.” I don’t have “sources” anywhere. There’s nobody in Iraq that can explain geopolitics and how this works or how currency works or anything like that. They don’t have a damn clue. The people I talk to actually they have access to people in the parliament…what I do is try to get at is, what are they talking about…then I can gauge what they are thinking. That’s all it is. I don’t have “insider” information. I don’t need it and neither should you. That’s the whole point of me trying to talk and frame this up the way it is, the reality of it based on geopolitics…you should be very very happy right now…I know this stuff takes a long time…it was never meant to be a “get quick rich scheme”…that’s the hype that I hate. Hype is out of the window…Reality. Geopolitics. Markets. That’s it. You should be very very happy.
12-25-2018 Intel/Newshound Guru sandyf [...currencies fluctuate that is a fact!] It is not a fact. Only currencies on a floating exchange arrangement move on a continuous basis in line with foreign exchange activity, known as appreciation/depreciation. Currencies on a fixed exchange arrangement are exactly that, "fixed" by the country concerned, they do not fluctuate. If a significant difference develops between the foreign exchange market and the fixed rate, the central bank may intervene to remove the differential. This used to be common in Vietnam, they had many devaluations over a short period of time. Fixed exchange currencies are revalued/devalued. Only about a third of the world's currencies are on a floating exchange arrangement.
12-25-2018 Newshound/Intel Guru Mnt Goat Article: "SAUDI ARABIA KEEPS THE EXCHANGE RATE PEGGED AT 3.75 RIYALS TO THE DOLLAR" Quote: "Saudi Arabia keeps the exchange rate pegged at 3.75 Riyals to the dollar." The question is this - Can Iraq sustain an 8th of a penny per dinar and think that it can easily trade with neighboring countries in an open market? How about incoming investors? How will they get their profits out of Iraq? Will they have to convert their profits in dinars to the US dollars first in the CBI currency auction? Oh – but maybe this is what Washington wants since it will create a demand for US Dollars and help stabilize the rate of the US dollar? Just asking. Could this also be part of the holdup in reinstating the dinar back to international status?
12-25-2018 Newshound Guru Breitling Every once in a while I’ll get an email that says, “Hey, what are your sources saying in Iraq.” I don’t have “sources” anywhere. There’s nobody in Iraq that can explain geopolitics and how this works or how currency works or anything like that. They don’t have a damn clue. The people I talk to actually they have access to people in the parliament…what I do is try to get at is, what are they talking about…then I can gauge what they are thinking. That’s all it is. I don’t have “insider” information. I don’t need it and neither should you. That’s the whole point of me trying to talk and frame this up the way it is, the reality of it based on geopolitics…you should be very very happy right now…I know this stuff takes a long time…it was never meant to be a “get quick rich scheme”…that’s the hype that I hate. Hype is out of the window…Reality. Geopolitics. Markets. That’s it. You should be very very happy.
12-25-2018 Intel/Newshound Guru sandyf [...currencies fluctuate that is a fact!] It is not a fact. Only currencies on a floating exchange arrangement move on a continuous basis in line with foreign exchange activity, known as appreciation/depreciation. Currencies on a fixed exchange arrangement are exactly that, "fixed" by the country concerned, they do not fluctuate. If a significant difference develops between the foreign exchange market and the fixed rate, the central bank may intervene to remove the differential. This used to be common in Vietnam, they had many devaluations over a short period of time. Fixed exchange currencies are revalued/devalued. Only about a third of the world's currencies are on a floating exchange arrangement.
12-24-2018 Intel Guru RayRen98 Iraqi TV is broadcasting a member from Parliament stating that Iraq has entered a "new phase" of stability and security. The Budget has been finalized with the second reading. The 5 remaining cabinet members have not been concluded...yet.
12-24-2018 Newshound Guru Breitling They [Iraq] need to do two things with the oil prices going down. They need business and international investments coming into Iraq. Well they’ve set that stage up for the last five or six years…and they haven’t stopped. They’re still trying to do it today…the other part is if they are not making money selling energy…what currency are they using to make money off that energy? The U.S. dollar. If they are not bring in any U.S. dollars that cuts them off at the knees right? They need to add value to their currency. That’s exactly what they’re talking about. [Post 2 of 2]
12-24-2018 Newshound Guru Breitling Everyone knows I don’t do date and rate but people [ask] what’s the season [approximate time]? The reason people are asking me that…the reason that question has been so heavy lately is because you start looking at the price per barrel. It’s getting into that range where it’s a threat to Iraq. That means you guys are paying attention! That makes me so happy…These guys are getting to the breaking point. Bingo…Thank God for us that we’ve invested in a currency that is Iraq’s weapon. That is their savior to add value to their currency. But it’s a two pronged attack for Iraq. [Post 1 of 2]
12-24-2018 Intel Guru Jester MAYBE I SHOULD TELL YOU ABOUT THE WINDOW WE SEE COMING UP JUST AFTER CHRISTMAS...SEEMS LIKE THE COMMENT WAS MADE TO PEOPLE IN THE KNOW THAT 'DOESN'T LOOK LIKE WE WILL GET ANYTHING BY THE END OF 2018'...ANYWAY... THE ANSWER WAS "I NEVER SAID THAT"... SO THAT SURE MAKES YOU THINK...BUT WE SEEM TO HAVE AN ACTIVE WINDOW BETWEEN DEC 27TH AND JAN 11TH... SO WE WILL HAVE TO SEE HOW IT GOES...
12-24-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQ AND IRAN ARE ENGAGED IN NEGOTIATIONS TO SET UP CREDIT ARRANGEMENTS FOR TRADE IN THEIR NATIONAL CURRENCIES" ...so this article proves once again that they Iraq dinar is NOT yet being used for trade with Iran replacing the US dollar. They are hoping they can do this but we all should know they CAN NOT without the reinstatement taking place and the dinar going international. This must come first. But this is yet another item to put pressure on the CBI to get it done.
12-24-2018 Newshound Guru Breitling They [Iraq] need to do two things with the oil prices going down. They need business and international investments coming into Iraq. Well they’ve set that stage up for the last five or six years…and they haven’t stopped. They’re still trying to do it today…the other part is if they are not making money selling energy…what currency are they using to make money off that energy? The U.S. dollar. If they are not bring in any U.S. dollars that cuts them off at the knees right? They need to add value to their currency. That’s exactly what they’re talking about. [Post 2 of 2]
12-24-2018 Newshound Guru Breitling Everyone knows I don’t do date and rate but people [ask] what’s the season [approximate time]? The reason people are asking me that…the reason that question has been so heavy lately is because you start looking at the price per barrel. It’s getting into that range where it’s a threat to Iraq. That means you guys are paying attention! That makes me so happy…These guys are getting to the breaking point. Bingo…Thank God for us that we’ve invested in a currency that is Iraq’s weapon. That is their savior to add value to their currency. But it’s a two pronged attack for Iraq. [Post 1 of 2]
12-24-2018 Intel Guru Jester MAYBE I SHOULD TELL YOU ABOUT THE WINDOW WE SEE COMING UP JUST AFTER CHRISTMAS...SEEMS LIKE THE COMMENT WAS MADE TO PEOPLE IN THE KNOW THAT 'DOESN'T LOOK LIKE WE WILL GET ANYTHING BY THE END OF 2018'...ANYWAY... THE ANSWER WAS "I NEVER SAID THAT"... SO THAT SURE MAKES YOU THINK...BUT WE SEEM TO HAVE AN ACTIVE WINDOW BETWEEN DEC 27TH AND JAN 11TH... SO WE WILL HAVE TO SEE HOW IT GOES...
12-24-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQ AND IRAN ARE ENGAGED IN NEGOTIATIONS TO SET UP CREDIT ARRANGEMENTS FOR TRADE IN THEIR NATIONAL CURRENCIES" ...so this article proves once again that they Iraq dinar is NOT yet being used for trade with Iran replacing the US dollar. They are hoping they can do this but we all should know they CAN NOT without the reinstatement taking place and the dinar going international. This must come first. But this is yet another item to put pressure on the CBI to get it done.
12-23-2018 Intel Guru RayRen98 PARLIAMENT MEETS ON SUNDAY (SUPPOSEDLY) TO VOTE ON THE REMAINING 5 CABINET MEMBERS, SAYING THEY WANT IT ALL DONE BY YEAR'S END.
12-23-2018 Newshound Guru chattels Article quote: "Oil prices will fall to $""30 so the price of oil in the budget should be changed next year" I think that Iraq needs around $ 40 per barrel just to pay government salaries.
12-23-2018 Newshound Guru Walkingstick A redenomination is not introduced for inflationary/ hyper-inflation reason/ s, only... A factor, that certainly ...does not, apply to Iraq. The redenomination may also be employed for decimalisation and the adoption of a new currency...The latter, applying to Iraq...Nor, is the introduction/ adoption of a RD restricted to a new fiscal year... It may, and has been employed ...year ending, mid year and the beginning of a new year...One of, many factors...a country, may opt for... when employing this process... Keep in mind....the reason/s for adopting a RD, the manner in which it is employed, may differ ...
12-23-2018 Newshound Guru Kaperoni There will never be a re-instatment. A currencies appreciation depends on a countries economic success. Nothing happens overnight. ...Nothing is going to happen for a while yet. Iraq has much to do and still must complete the government.
12-23-2018 Newshound/Intel Guru Mnt Goat Article: "THE FIRST IRAQI BANK TO RECEIVE AN INTERNATIONALLY RECOGNIZED CREDIT RATING" Quote: "The credit rating agency Fitch announced on Wednesday that the Iraqi Trade Bank with B-degree with a stable outlook." ...the Iraq Bank of Trade is the largest bank in Iraq and was set up in 2003 specifically for conducting trade with neighboring countries. But this has not always been the case. But now things are beginning to see the light and moving ahead as planned almost a decade ago. This new status is really good news. Everyone should be VERY happy today. This news however does NOT mean the currency is now international.
12-23-2018 Newshound Guru chattels Article quote: "Oil prices will fall to $""30 so the price of oil in the budget should be changed next year" I think that Iraq needs around $ 40 per barrel just to pay government salaries.
12-23-2018 Newshound Guru Walkingstick A redenomination is not introduced for inflationary/ hyper-inflation reason/ s, only... A factor, that certainly ...does not, apply to Iraq. The redenomination may also be employed for decimalisation and the adoption of a new currency...The latter, applying to Iraq...Nor, is the introduction/ adoption of a RD restricted to a new fiscal year... It may, and has been employed ...year ending, mid year and the beginning of a new year...One of, many factors...a country, may opt for... when employing this process... Keep in mind....the reason/s for adopting a RD, the manner in which it is employed, may differ ...
12-23-2018 Newshound Guru Kaperoni There will never be a re-instatment. A currencies appreciation depends on a countries economic success. Nothing happens overnight. ...Nothing is going to happen for a while yet. Iraq has much to do and still must complete the government.
12-23-2018 Newshound/Intel Guru Mnt Goat Article: "THE FIRST IRAQI BANK TO RECEIVE AN INTERNATIONALLY RECOGNIZED CREDIT RATING" Quote: "The credit rating agency Fitch announced on Wednesday that the Iraqi Trade Bank with B-degree with a stable outlook." ...the Iraq Bank of Trade is the largest bank in Iraq and was set up in 2003 specifically for conducting trade with neighboring countries. But this has not always been the case. But now things are beginning to see the light and moving ahead as planned almost a decade ago. This new status is really good news. Everyone should be VERY happy today. This news however does NOT mean the currency is now international.
12-22-2018 Newshound/Intel Guru Mnt Goat Iraq is slotted to be a “central hub” of commerce for the Middle East. But a dinar rate of just 1/8 of a penny is not sufficient to make this happen!
12-22-2018 Newshound/Intel RVAlready [Finding it a little hard to believe that everything is done, since they keep stalling.] ...hate to say it, but I think the target has been 1 Jan 2019 for quite a while. They just kick the can from one target date to another. This time, everything actually looks ready to go.
12-22-2018 Newshound Guru Kaperoni ...There will never be a re-instatment. A currencies appreciation depends on a countries economic success. Nothing happens overnight. Nothing is happening through the end of the year... Iraq has much yet to do before they can begin to float the dinar.
12-22-2018 Newshound/Intel Guru RVAlready The RV seems poised to go. I think it is a high priority item for Iraq at this point. They have invested a lot of time doing all the preparatory steps. I do not think they will put it on the back burner at this point.
12-22-2018 Intel Guru RayRen98 The vote on the 5 remaining cabinet members is supposed to take place on Saturday. These are reported as new names for consideration. It appears that the citizens are not happy with these new candidates...Time Will Tell. On Iraqi TV, requests for Mahdi to show the economic reform were sporadically broadcast.
12-22-2018 Newshound/Intel RVAlready [Finding it a little hard to believe that everything is done, since they keep stalling.] ...hate to say it, but I think the target has been 1 Jan 2019 for quite a while. They just kick the can from one target date to another. This time, everything actually looks ready to go.
12-22-2018 Newshound Guru Kaperoni ...There will never be a re-instatment. A currencies appreciation depends on a countries economic success. Nothing happens overnight. Nothing is happening through the end of the year... Iraq has much yet to do before they can begin to float the dinar.
12-22-2018 Newshound/Intel Guru RVAlready The RV seems poised to go. I think it is a high priority item for Iraq at this point. They have invested a lot of time doing all the preparatory steps. I do not think they will put it on the back burner at this point.
12-22-2018 Intel Guru RayRen98 The vote on the 5 remaining cabinet members is supposed to take place on Saturday. These are reported as new names for consideration. It appears that the citizens are not happy with these new candidates...Time Will Tell. On Iraqi TV, requests for Mahdi to show the economic reform were sporadically broadcast.
12-21-2018 Newshound Guru Adam Montana [What’s up with the GOI formation? Will it happen? In your opinion, do you think this is coming closer to an RV?] GOI formation is proceeding very good IMO. Everyone should keep in mind that Iraq will never have a fully seated government with absolutely 0 contested seats. We are talking about a society that operates very different than anywhere outside the Middle East. 80% good is about as good as it will ever get, and we are pretty much there.
12-21-2018 Intel Guru ADMINBILL WE SEEM TO BE IN A STATE OF FLUX AS FAR AS THE CURRENCY MOVEMENT IS TODAY. WE SHALL SEE. I TEND TO BELIEVE THAT THE PROCESS HAS SLOWED BUT IS STILL WINDING ITS WAY TOWARDS A CONCLUSION. I ANTICIPATE A CONCLUSION FOR THE MAJOR "TIERS" BEFORE THE END OF THE YEAR WITH THE PUBLIC LAUNCH IN JANUARY.
12-21-2018 Newshound/Intel Guru Mnt Goat We are just waiting for the next step. I know they have a target for EARLY 2019 to reinstate the currency...We almost witnessed this reinstatement last January and if it was not for some factors that occurred back then we would not be here today again at this time...I am telling everyone now...the flood gates are about to open. It is all going to come real fast and with a great change to Iraq. With this flood will bring what we want- finally! Be patient and hang in there, it is coming. It may be very quiet now but not for very long.
12-21-2018 Intel Guru Bruce We know that the timing of this is designed. I am pointed toward before Christmas...That is the information I am getting. I am not getting for us that is pointing to after the first of the year or after Christmas. I have heard this is intended to go by or before Saturday...Intention of this White House of our President Trump is to let us have this for us before Christmas. ...I am encouraged by the fact that we are there. We have a rough time frame that we think is still intact. [post 2 of 2]
12-21-2018 Intel Guru Bruce We do not normally do rates, but I will tell you this...the dong has been going up in value. The dong was in just under the $5 range today. Just under $5 on the front screen. I can’t tell you where the dinar is on the front screen right now, because I do not know that number. ...We have been told that the rates for these currencies should be updated and new by this afternoon [Thursday]. ...That is usually a good sign of things happening on the Forex, on the World Markets. ...I know that was the intention. [post 1 of 2....stay tuned]
12-21-2018 Newshound Guru Adam Montana [I've been remembering back to Iraq being removed from Chapter 7 (UN) and some of the process involved....How does current GOI environment compare and what is similar / different getting HCL in place?] I think the main difference would be the players involved - Chapter 7 was an outside decision. They were at the mercy of the UN(etc) on that one. HCL is not that way - this is an internal decision. The HCL is done when Iraq says it is done, and no outside influences can stop them.
12-21-2018 Newshound/Intel Guru Walkingstick The timing/ change of the exchange rate, of.. any country... is not, dictated ..by, the date/s listed on the UN operational rate/s of exchange..
12-21-2018 Intel Guru ADMINBILL WE SEEM TO BE IN A STATE OF FLUX AS FAR AS THE CURRENCY MOVEMENT IS TODAY. WE SHALL SEE. I TEND TO BELIEVE THAT THE PROCESS HAS SLOWED BUT IS STILL WINDING ITS WAY TOWARDS A CONCLUSION. I ANTICIPATE A CONCLUSION FOR THE MAJOR "TIERS" BEFORE THE END OF THE YEAR WITH THE PUBLIC LAUNCH IN JANUARY.
12-21-2018 Newshound/Intel Guru Mnt Goat We are just waiting for the next step. I know they have a target for EARLY 2019 to reinstate the currency...We almost witnessed this reinstatement last January and if it was not for some factors that occurred back then we would not be here today again at this time...I am telling everyone now...the flood gates are about to open. It is all going to come real fast and with a great change to Iraq. With this flood will bring what we want- finally! Be patient and hang in there, it is coming. It may be very quiet now but not for very long.
12-21-2018 Intel Guru Bruce We know that the timing of this is designed. I am pointed toward before Christmas...That is the information I am getting. I am not getting for us that is pointing to after the first of the year or after Christmas. I have heard this is intended to go by or before Saturday...Intention of this White House of our President Trump is to let us have this for us before Christmas. ...I am encouraged by the fact that we are there. We have a rough time frame that we think is still intact. [post 2 of 2]
12-21-2018 Intel Guru Bruce We do not normally do rates, but I will tell you this...the dong has been going up in value. The dong was in just under the $5 range today. Just under $5 on the front screen. I can’t tell you where the dinar is on the front screen right now, because I do not know that number. ...We have been told that the rates for these currencies should be updated and new by this afternoon [Thursday]. ...That is usually a good sign of things happening on the Forex, on the World Markets. ...I know that was the intention. [post 1 of 2....stay tuned]
12-21-2018 Newshound Guru Adam Montana [I've been remembering back to Iraq being removed from Chapter 7 (UN) and some of the process involved....How does current GOI environment compare and what is similar / different getting HCL in place?] I think the main difference would be the players involved - Chapter 7 was an outside decision. They were at the mercy of the UN(etc) on that one. HCL is not that way - this is an internal decision. The HCL is done when Iraq says it is done, and no outside influences can stop them.
12-21-2018 Newshound/Intel Guru Walkingstick The timing/ change of the exchange rate, of.. any country... is not, dictated ..by, the date/s listed on the UN operational rate/s of exchange..
12-20-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQ IS ONE OF THE WORLD’S RICHEST COUNTRIES" Quote: “the Central Bank has a future plan to restructure the Iraqi currency, including the deletion of zeros”. ...to me this looks like there is a long term plan to issue a 100,000 dinar note. Why is this if they want to complete the project to delete the zeros? So this article says the CBI is holding off on this idea (pending) for now. My guess is...they are doing this and will not launch this 100,000 dinar note until after the reinstatement and then only use it for inter-banking transactions for trade and reconstruction transfers of money payments of large sums. The average citizen may NEVER see this category. So this is the real reason for this 100k note.
12-20-2018 Intel Guru Frank26 Private Banks in Iraq are ready online in a moments notice and Banks around the world online with the CBI are ready in a moments notice! ...there is no finish line because it is UNSTOPPABLE!!!
12-20-2018 Newshound Guru MilitiaMan The wind is starting to blow now...imo. The region is reflecting expectations that Iraq will raise the value of the IQD. Goldman Sachs today told us they expect the emerging markets to appreciate upwards of 10% to the good. Well, imo that may very well be low. However, not a bad trade for the big boyz. So, when I say the wind is blowing, they are gearing up for the storm. They will fill their sails and ride on Iraq's draft up. They will be in the basket of currencies. Iraq goes up the region goes up...So the precursor showing strength is showing the region knows what is coming and are getting into the currencies now to ride out the storm... In other words make more money...
12-20-2018 Intel Guru ADMINBILL Optimism for a 2018 RV/GCR remains in place and has had a minor increase. But time is running out for this year. Remember - This is a PROCESS that has no specific end date.
12-20-2018 Newshound Guru Adam Montana [When did Iraq become a sovereign nation?...] Iraq has long been a sovereign nation, but they lost some freedoms in 2003 with the overthrow of Saddam. Their currency plummeted in value, they had to travel a very long road to get where they are today. Chapter 7 was lifted in 2013, which marked a major milestone for them regaining their position in the world. Since then, they have established a very balanced and stable government and worked their way to the point we are currently at - in position to implement the new Hydro Carbon Law, which will likely trigger a change in the value their currency is traded at.
12-20-2018 Intel/Newshound Guru sandyf ...I agree with Kap [Guru Kaperoni] on a few things. There's no RI or big RV coming. There can never be any Reinstatement of the IQD, something has to have gone before it can come back. The IQD has always been the national currency of Iraq, the IQD has never been an Article 8 currency and any change in value would be a revaluation.
12-20-2018 Intel Guru Frank26 Private Banks in Iraq are ready online in a moments notice and Banks around the world online with the CBI are ready in a moments notice! ...there is no finish line because it is UNSTOPPABLE!!!
12-20-2018 Newshound Guru MilitiaMan The wind is starting to blow now...imo. The region is reflecting expectations that Iraq will raise the value of the IQD. Goldman Sachs today told us they expect the emerging markets to appreciate upwards of 10% to the good. Well, imo that may very well be low. However, not a bad trade for the big boyz. So, when I say the wind is blowing, they are gearing up for the storm. They will fill their sails and ride on Iraq's draft up. They will be in the basket of currencies. Iraq goes up the region goes up...So the precursor showing strength is showing the region knows what is coming and are getting into the currencies now to ride out the storm... In other words make more money...
12-20-2018 Intel Guru ADMINBILL Optimism for a 2018 RV/GCR remains in place and has had a minor increase. But time is running out for this year. Remember - This is a PROCESS that has no specific end date.
12-20-2018 Newshound Guru Adam Montana [When did Iraq become a sovereign nation?...] Iraq has long been a sovereign nation, but they lost some freedoms in 2003 with the overthrow of Saddam. Their currency plummeted in value, they had to travel a very long road to get where they are today. Chapter 7 was lifted in 2013, which marked a major milestone for them regaining their position in the world. Since then, they have established a very balanced and stable government and worked their way to the point we are currently at - in position to implement the new Hydro Carbon Law, which will likely trigger a change in the value their currency is traded at.
12-20-2018 Intel/Newshound Guru sandyf ...I agree with Kap [Guru Kaperoni] on a few things. There's no RI or big RV coming. There can never be any Reinstatement of the IQD, something has to have gone before it can come back. The IQD has always been the national currency of Iraq, the IQD has never been an Article 8 currency and any change in value would be a revaluation.
12-19-2018 Newshound Guru Kaperoni So tomorrow we try again to complete PM Mahdi cabinet. Fingers crossed.
12-19-2018 Intel Guru Frank26 Iraq one of the richest countries in the world...4th place globally holding the largest amount of US Bonds... Because USA is open to Iraq, because of a MIRRORING! The RI of the IQD is UNSTOPPABLE.. it is coming out of a Program Rate ...as long as International trade market gets it...it will EXPLODE!
12-19-2018 Newshound Guru Adam Montana ... I'm excited for the new year to roll in!... At the moment there is a distinct lack of news regarding HCL. I believe there is a good reason for this - and it's good for our 2019 outlook. Many many things are being taken care of, stamped, passed, and resolved right now. Things that are essential for forward progress. But, the fact remains... that pesky and elusive HCL is simply not on the table right now. As soon as we see word about it, then we can get excited! For now... patience is a virtue, and we have plenty. Don't get me wrong here! They aren't sleeping on the job... Fingers crossed for some HCL news soon...
12-19-2018 Intel Guru Bruce The one thing we were waiting here [U.S.] today and I believe we got it today. That one thing had to do with renewing an Executive Order by the President that expired yesterday [Monday] that needed to be reintroduced or re-extended as of today. ...I believe that is what may put us over the edge as far as being ready to go. I have been told they will do it in the next couple of days. They will do this final announcement of their rate and the announcement in fact they are a sovereign nation with a world exchangeable currency. Then guys we should be Go Time. I can’t give you a date or time for it, but I believe we are coming in where now does President Trump want this to go before Christmas? Yes. Is this supposed to be our week to go? Yes. [post 3 of 3]
12-19-2018 Intel Guru Bruce We got oil prices dropping below $50. That is putting a squeeze on Iraq to get done what they need to do in terms of making this announcement. It just might be right where it needs to be to get them to do that. If prices go down too much more, it is going to really bust their budget which is based on oil at a certain price which I thought was in the $44 - $46 barrel range for their budget. So this is really important. We are getting down to the wire that they need to do that. They need to release this information and get it done. I believe that was the one thing we were waiting for out of Iraq. [post 2 of 3....stay tuned]
12-19-2018 Intel Guru Bruce Every time we think Iraq is out of the way and complete we find no they needed to do one more thing... It seems like the one more thing now is just they need to announce their independence and the fact they have a revalued currency that is tradable worldwide. They just need to say it. It is more of a formality than anything else is where we are right now. Yes they were supposed to do that this morning [Tuesday]... Why didn’t it happen? What is happening OPEC is being left with about 4 oil producing countries in the organization? It is coming apart. What is happening is the US is getting bigger and bigger in oil. We are almost controlling the price of oil now whereas before Saudi Arabia was controlling the price. [post 1 of 3....stay tuned]
12-19-2018 Newshound/Intel Guru Mnt Goat This is the way I see this playing out. Suddenly Mahdi’s cabinet is completed. The reconstruction funds start to release within a week. But there is a lag since it takes time to get the projects underway. Not too far in the distance the reinstatement occurs. Also the CBI soon releases the 50 and 100 smaller denominations and maybe along with the 100,000 notes. The process is kicked into high gear…. How long will all this take? I know the CBI was targeting for EARLY Jan 2019 but with delays in forming the government I am not so sure now since time is ticking…tic toc,,,tic toc… Be patient and let’s get the govt fully formed and functional first. The rest will fall into place.
12-19-2018 Intel Guru Frank26 Iraq one of the richest countries in the world...4th place globally holding the largest amount of US Bonds... Because USA is open to Iraq, because of a MIRRORING! The RI of the IQD is UNSTOPPABLE.. it is coming out of a Program Rate ...as long as International trade market gets it...it will EXPLODE!
12-19-2018 Newshound Guru Adam Montana ... I'm excited for the new year to roll in!... At the moment there is a distinct lack of news regarding HCL. I believe there is a good reason for this - and it's good for our 2019 outlook. Many many things are being taken care of, stamped, passed, and resolved right now. Things that are essential for forward progress. But, the fact remains... that pesky and elusive HCL is simply not on the table right now. As soon as we see word about it, then we can get excited! For now... patience is a virtue, and we have plenty. Don't get me wrong here! They aren't sleeping on the job... Fingers crossed for some HCL news soon...
12-19-2018 Intel Guru Bruce The one thing we were waiting here [U.S.] today and I believe we got it today. That one thing had to do with renewing an Executive Order by the President that expired yesterday [Monday] that needed to be reintroduced or re-extended as of today. ...I believe that is what may put us over the edge as far as being ready to go. I have been told they will do it in the next couple of days. They will do this final announcement of their rate and the announcement in fact they are a sovereign nation with a world exchangeable currency. Then guys we should be Go Time. I can’t give you a date or time for it, but I believe we are coming in where now does President Trump want this to go before Christmas? Yes. Is this supposed to be our week to go? Yes. [post 3 of 3]
12-19-2018 Intel Guru Bruce We got oil prices dropping below $50. That is putting a squeeze on Iraq to get done what they need to do in terms of making this announcement. It just might be right where it needs to be to get them to do that. If prices go down too much more, it is going to really bust their budget which is based on oil at a certain price which I thought was in the $44 - $46 barrel range for their budget. So this is really important. We are getting down to the wire that they need to do that. They need to release this information and get it done. I believe that was the one thing we were waiting for out of Iraq. [post 2 of 3....stay tuned]
12-19-2018 Intel Guru Bruce Every time we think Iraq is out of the way and complete we find no they needed to do one more thing... It seems like the one more thing now is just they need to announce their independence and the fact they have a revalued currency that is tradable worldwide. They just need to say it. It is more of a formality than anything else is where we are right now. Yes they were supposed to do that this morning [Tuesday]... Why didn’t it happen? What is happening OPEC is being left with about 4 oil producing countries in the organization? It is coming apart. What is happening is the US is getting bigger and bigger in oil. We are almost controlling the price of oil now whereas before Saudi Arabia was controlling the price. [post 1 of 3....stay tuned]
12-19-2018 Newshound/Intel Guru Mnt Goat This is the way I see this playing out. Suddenly Mahdi’s cabinet is completed. The reconstruction funds start to release within a week. But there is a lag since it takes time to get the projects underway. Not too far in the distance the reinstatement occurs. Also the CBI soon releases the 50 and 100 smaller denominations and maybe along with the 100,000 notes. The process is kicked into high gear…. How long will all this take? I know the CBI was targeting for EARLY Jan 2019 but with delays in forming the government I am not so sure now since time is ticking…tic toc,,,tic toc… Be patient and let’s get the govt fully formed and functional first. The rest will fall into place.
12-18-2018 Newshound Guru Kaperoni So it looks like PM Mahdi got a few of his cabinet in today but not all of them...so this continues. PM Mahdi has stated that Thursday's parliament session will complete the cabinet.
12-18-2018 Newshound/Intel Guru Walkingstick We, USA, gave them the playbook, we led them, guided them, beat it into them... y'all have to be International...Our foot is in the door of Iraq more than anyone realizes...All 6 Banks of his [Walkingstick's] firm, are ready! 1190 is Fictitious.
12-18-2018 Intel Guru RayRen98 Iraqi TV reported that Parliament did not vote on the cabinet members today and postponed such event until next week. Citizens in several cities are upset and have started civil unrest by burning chairs and protesting in streets due to the lack of reforms and (publicly) forming the government. Maliki supporters are being blamed for the negative situations in Iraq...according to local citizens.
12-18-2018 Newshound Guru Kaperoni Like most countries, Iraq would not care if their currency appreciates at the expense of a booming economy. That is how market forces work. A central bank uses its tools to manage monetary policy based effects in the marketplace. An example would be raising the value to counter inflation. Iraq currently has very low inflation less than 3%. If Iraq opens the doors to global investment, it may create the pressure the CBI is looking for to raise the value. We can only hope.
12-18-2018 Newshound Guru MilitiaMan Article: "A credit account in riyal and dinar between Iraq and Iran" Quote: "Citibank offers letters of credit for buyers in Latin America, Africa, Eastern Europe, Asia and the Middle East who may have difficulty obtaining international credit on their own." I would suggest this is part of a necessary end for Iraq now that Monetary Reforms are gearing to be on a different page if you will, imo, that had/has to be done because of the volume of trade between Iraq and Iran. A letter of credit is commonly for International Trade between parties. It is serious business. ...Go figure the timing of it too. IMO. Lets not forget Rick Perry and all those Companies in Iraq may need them too. By the way, CitiBank is one a large providers of Letters of Credit Globally.. They are Directly involved with Iraq as we know. Iraq wants guarantee they get paid for imports and exports. Fairly sure Iran in an unstable environment.. lol This is seriously looking good, imo..
12-18-2018 Newshound/Intel Guru Walkingstick We, USA, gave them the playbook, we led them, guided them, beat it into them... y'all have to be International...Our foot is in the door of Iraq more than anyone realizes...All 6 Banks of his [Walkingstick's] firm, are ready! 1190 is Fictitious.
12-18-2018 Intel Guru RayRen98 Iraqi TV reported that Parliament did not vote on the cabinet members today and postponed such event until next week. Citizens in several cities are upset and have started civil unrest by burning chairs and protesting in streets due to the lack of reforms and (publicly) forming the government. Maliki supporters are being blamed for the negative situations in Iraq...according to local citizens.
12-18-2018 Newshound Guru Kaperoni Like most countries, Iraq would not care if their currency appreciates at the expense of a booming economy. That is how market forces work. A central bank uses its tools to manage monetary policy based effects in the marketplace. An example would be raising the value to counter inflation. Iraq currently has very low inflation less than 3%. If Iraq opens the doors to global investment, it may create the pressure the CBI is looking for to raise the value. We can only hope.
12-18-2018 Newshound Guru MilitiaMan Article: "A credit account in riyal and dinar between Iraq and Iran" Quote: "Citibank offers letters of credit for buyers in Latin America, Africa, Eastern Europe, Asia and the Middle East who may have difficulty obtaining international credit on their own." I would suggest this is part of a necessary end for Iraq now that Monetary Reforms are gearing to be on a different page if you will, imo, that had/has to be done because of the volume of trade between Iraq and Iran. A letter of credit is commonly for International Trade between parties. It is serious business. ...Go figure the timing of it too. IMO. Lets not forget Rick Perry and all those Companies in Iraq may need them too. By the way, CitiBank is one a large providers of Letters of Credit Globally.. They are Directly involved with Iraq as we know. Iraq wants guarantee they get paid for imports and exports. Fairly sure Iran in an unstable environment.. lol This is seriously looking good, imo..
12-17-2018 Newshound/Intel Guru Mnt Goat Many now also have credit and debit cards to pay their bills and so don’t walk around with wads of cash. This enabled the CBI to reduce the 3 zero notes by 2/3, which was part of the plan they told us in 2011 had to happen as part of the project to delete the zeros. Overall this is all VERY good. But this is a VERY slow process...So as outside investors in Iraq we...sit and wait...our wealth will come from a simple reinstatement of the currency back to the trading platforms and going international once again. [post 2 of 2]
12-17-2018 Newshound/Intel Guru Mnt Goat SO WHERE ARE WE IN THIS INVESTMENT RIGHT NOW? We are waiting for the government to get “fully” formed and settle this political crisis. There is and always has been a requirement to have a fully functional government in place and an adherence and “full” implementation of the Iraqi constitution to get the reinstatement of their currency. We can see that the CBI is ready to do something with so much talk and emphasis now stemming around these smaller category notes. We know that the ATMs are launched already and dispensing these notes for petty cash. [post 1 of 2....stay tuned]
12-17-2018 Newshound Guru Kaperoni Looks like parliament will try again tomorrow to complete PM Mahdi's cabinet. Let's hope so.
12-17-2018 Newshound Guru MilitiaMan Article: "The Arab Digital Economy Conference in Abu Dhabi" [...it seems important for them to get this "together" for Iraq's RI....IMO...important for Iraq!] We just learned that they are E-Government ready effectively and Digitization is all apart of that...All geared, linked and...so fresh in peoples minds and on their agendas now... imo! ...the timing of the E-Gov and Digital, is not a coincidence imo...
12-17-2018 Intel Guru ADMINBILL ...COME ON SANTA...AN EARLY CHRISTMAS PRESENT WOULD BE A REAL TREAT! BUT REMEMBER - IT REMAINS A PROCESS - NOT A DEADLINE. IN MY OPINION THERE IS A REAL NEED TO GET THIS DONE THIS BEFORE CHRISTMAS IF AT ALL POSSIBLE...OVER THE YEARS WE HAVE BEEN TOLD THAT THIS WILL GO EVEN IF THERE ARE HOLIDAYS INVOLVED. NOT TRUE. ESPECIALLY IN EUROPE.
12-17-2018 Newshound/Intel Guru Mnt Goat Article: "TO AMEND THE INVESTMENT LAW IN THE COMING DAYS" Quote: "The amendment of THE INVESTMENT LAW IS AN IMPORTANT POINT TO ELIMINATE UNEMPLOYMENT AND THE RETURN OF INDUSTRY AND THE PRIVATE SECTOR IN IRAQ and raise the market value of the Iraqi dinar..." I don’t want anyone telling me there aren’t any more laws needed in order to reinstate the currency. To bring in investors is all part of creating the atmosphere conducive to investors, which in turn, is the state of the economy needed to trigger the reinstatement. It is all coming together.
12-17-2018 Newshound/Intel Guru Mnt Goat SO WHERE ARE WE IN THIS INVESTMENT RIGHT NOW? We are waiting for the government to get “fully” formed and settle this political crisis. There is and always has been a requirement to have a fully functional government in place and an adherence and “full” implementation of the Iraqi constitution to get the reinstatement of their currency. We can see that the CBI is ready to do something with so much talk and emphasis now stemming around these smaller category notes. We know that the ATMs are launched already and dispensing these notes for petty cash. [post 1 of 2....stay tuned]
12-17-2018 Newshound Guru Kaperoni Looks like parliament will try again tomorrow to complete PM Mahdi's cabinet. Let's hope so.
12-17-2018 Newshound Guru MilitiaMan Article: "The Arab Digital Economy Conference in Abu Dhabi" [...it seems important for them to get this "together" for Iraq's RI....IMO...important for Iraq!] We just learned that they are E-Government ready effectively and Digitization is all apart of that...All geared, linked and...so fresh in peoples minds and on their agendas now... imo! ...the timing of the E-Gov and Digital, is not a coincidence imo...
12-17-2018 Intel Guru ADMINBILL ...COME ON SANTA...AN EARLY CHRISTMAS PRESENT WOULD BE A REAL TREAT! BUT REMEMBER - IT REMAINS A PROCESS - NOT A DEADLINE. IN MY OPINION THERE IS A REAL NEED TO GET THIS DONE THIS BEFORE CHRISTMAS IF AT ALL POSSIBLE...OVER THE YEARS WE HAVE BEEN TOLD THAT THIS WILL GO EVEN IF THERE ARE HOLIDAYS INVOLVED. NOT TRUE. ESPECIALLY IN EUROPE.
12-17-2018 Newshound/Intel Guru Mnt Goat Article: "TO AMEND THE INVESTMENT LAW IN THE COMING DAYS" Quote: "The amendment of THE INVESTMENT LAW IS AN IMPORTANT POINT TO ELIMINATE UNEMPLOYMENT AND THE RETURN OF INDUSTRY AND THE PRIVATE SECTOR IN IRAQ and raise the market value of the Iraqi dinar..." I don’t want anyone telling me there aren’t any more laws needed in order to reinstate the currency. To bring in investors is all part of creating the atmosphere conducive to investors, which in turn, is the state of the economy needed to trigger the reinstatement. It is all coming together.
12-16-2018 Newshound/Intel Guru Mnt Goat What remains in this process to get ready for a reinstatement of the dinar? They said that the dinar has gone through the currency reform process and is ready. There is nothing more for the CBI to do in this regard except the CBI must conduct the final phase of the “project to delete the zeros”. It is now more of a political will and cautionary measures, notably the stability of the dinar against the dollar and keeping inflation down by up to 2% at the level of foreign reserves within the rates according to international standards with foreign reserve cash for Iraq (we know the reserves are now above these needed levels.)
12-16-2018 Newshound/Intel Guru RVAlready [I think its going to come in quietly with no big to do. It's just gonna look like it's been there all along.] As there can be no advance knowledge, I tend to believe we will be notified after exchanges start…I do believe they are trying to get it done before the end of the year.
12-16 2018 Newshound/Intel Guru David M. Witty Source in Iraq says PM Abdel-Mahdi is preparing to send nominee names to Parliament for approval for 6 of 8 unfilled cabinet positions, less Ministers of Defense & Interior, which remain locked in controversy.
12-16-2018 Newshound Guru MilitiaMan If we look at the value he places on the 6 billion dinar you get $.83 per unit or dinar in dollar terms. 6 bln IQD = 5 mln USD or $.83 per USD. So then that means 37 Billion Dinars equates to $30,710,000.00 USD. Now remember that he can't tell you yet, that the zeros are dropped, as they haven't as far as I can tell, yet. But, we expect them to when the time is right as he clearly taught us through articles. The 6 billion dinars becomes 6 million once they delete three zeros off the exchange rate and thus 37 billion dinars becomes 37 million by definition. [post 2 of 2]
12-16-2018 Newshound Guru MilitiaMan Article: "In an interview with "The New Arab", Muhsin al-Alaq, Acting Governor of the Central Bank of Iraq , talks about a difficult monetary and financial stage that has passed through his country,..." The Alak interview has told us that they are at a 6/1 (16.5%) good to bad ratio with loans. ...he tells us that they have loans of 37 Billion Dinar of good and 6 billion Dinars worth ($5,000,000.00 USD) of bad. It is not a bad ratio for what they have been through to date. My point is that the value of the 6 bln Dinars is key that Alak points it out, imo. Why? Well it gives a value of that 6 bln. Alak cannot openly come out and tell us a rate or a date literally to the tee.. But, he can in my opinion indirectly point us to it with forward guidance. [post 1 of 2....stay tuned]
12-16-2018 Newshound Guru Adam Montana ...when the HCL is done, it is done. There are a relatively small number of moving parts to a finalized HCL - it's a Law that is pretty clearly defined in purpose and intent.
12-16-2018 Newshound/Intel Guru RVAlready [I think its going to come in quietly with no big to do. It's just gonna look like it's been there all along.] As there can be no advance knowledge, I tend to believe we will be notified after exchanges start…I do believe they are trying to get it done before the end of the year.
12-16 2018 Newshound/Intel Guru David M. Witty Source in Iraq says PM Abdel-Mahdi is preparing to send nominee names to Parliament for approval for 6 of 8 unfilled cabinet positions, less Ministers of Defense & Interior, which remain locked in controversy.
12-16-2018 Newshound Guru MilitiaMan If we look at the value he places on the 6 billion dinar you get $.83 per unit or dinar in dollar terms. 6 bln IQD = 5 mln USD or $.83 per USD. So then that means 37 Billion Dinars equates to $30,710,000.00 USD. Now remember that he can't tell you yet, that the zeros are dropped, as they haven't as far as I can tell, yet. But, we expect them to when the time is right as he clearly taught us through articles. The 6 billion dinars becomes 6 million once they delete three zeros off the exchange rate and thus 37 billion dinars becomes 37 million by definition. [post 2 of 2]
12-16-2018 Newshound Guru MilitiaMan Article: "In an interview with "The New Arab", Muhsin al-Alaq, Acting Governor of the Central Bank of Iraq , talks about a difficult monetary and financial stage that has passed through his country,..." The Alak interview has told us that they are at a 6/1 (16.5%) good to bad ratio with loans. ...he tells us that they have loans of 37 Billion Dinar of good and 6 billion Dinars worth ($5,000,000.00 USD) of bad. It is not a bad ratio for what they have been through to date. My point is that the value of the 6 bln Dinars is key that Alak points it out, imo. Why? Well it gives a value of that 6 bln. Alak cannot openly come out and tell us a rate or a date literally to the tee.. But, he can in my opinion indirectly point us to it with forward guidance. [post 1 of 2....stay tuned]
12-16-2018 Newshound Guru Adam Montana ...when the HCL is done, it is done. There are a relatively small number of moving parts to a finalized HCL - it's a Law that is pretty clearly defined in purpose and intent.
12-15-2018 Newshound Guru Phillyman Article: "Hitti: Investors are waiting for the government to stabilize its commitments" ...it has been fascinating for me to follow the news about the fight against ISIS then the start of investment coming into Iraq. Investment conferences have come and gone though without the major reconstruction we would like to see. This article may have the answer why. Quote: "The head of the Iraqi Reconstruction Fund, Mustapha al-Hiti, said Saturday that the countries investing in Iraq are waiting for the stability of the Iraqi government to start implementing its pledges."
12-15-2018 Newshound/Intel Guru Mnt Goat Many are saying the dinar is now international. Is this true? Confirmed by the CBI – DINAR IS NOT YET INTERNATIONALLY REINSTATED. The CBI also wanted to tell me that Iraq’s currency is NOT yet internationally recognized as it still has to be reinstated in the financial trading sectors as from the war sanctions. They know about lots of rumors and speculation is floating around that is it. They told me that it is one thing to be ready and have all the banking reforms in place in order to conduct international transactions but another reality to conduct business with the outside banking system once again using a VALUED dinar. Currently they are attempting to make this transition to de-peg off the dollar but it is difficult but they know it has to be done and is planned “sooner than later”.
12-15-2018 Newshound Guru Don961 Article: "Kurdistan announces the implementation of Article 140 of the Constitution" Sounds like some people in Kurdistan are spreading news that 140 is implemented... and are trying to erect barriers and borders...but no one told the residents yet...Either shenanigans or it has happened behind the scenes but not announced yet ...either something happened to assure it...or KRG is making assumptions and jumping the gun.
12-15-2018 Newshound Guru Adam Montana [...in ur opinion...when is the time to give up?] If they were to lop their currency for a net 0 gain, then it's over. The odds of that happening are definitely not high.
12-15-2018 Newshound/Intel Guru Mnt Goat Many are saying the dinar is now international. Is this true? Confirmed by the CBI – DINAR IS NOT YET INTERNATIONALLY REINSTATED. The CBI also wanted to tell me that Iraq’s currency is NOT yet internationally recognized as it still has to be reinstated in the financial trading sectors as from the war sanctions. They know about lots of rumors and speculation is floating around that is it. They told me that it is one thing to be ready and have all the banking reforms in place in order to conduct international transactions but another reality to conduct business with the outside banking system once again using a VALUED dinar. Currently they are attempting to make this transition to de-peg off the dollar but it is difficult but they know it has to be done and is planned “sooner than later”.
12-15-2018 Newshound Guru Don961 Article: "Kurdistan announces the implementation of Article 140 of the Constitution" Sounds like some people in Kurdistan are spreading news that 140 is implemented... and are trying to erect barriers and borders...but no one told the residents yet...Either shenanigans or it has happened behind the scenes but not announced yet ...either something happened to assure it...or KRG is making assumptions and jumping the gun.
12-15-2018 Newshound Guru Adam Montana [...in ur opinion...when is the time to give up?] If they were to lop their currency for a net 0 gain, then it's over. The odds of that happening are definitely not high.
12-14-2018 Newshound/Intel Guru Mnt Goat In Europe we hearing you are already educating the citizens on the new smaller category notes. Is this true? Yes, the CBI has recently launched the issuance of the second edition of banknotes categories (25000, 10000.1000, 500.250) dinars. These versions have high level security features and are more usable. We have not yet issued any other small categories. Is there any plans to take these 25,000 and 10,000 notes out of circulation soon? NO. The current effort now is just to replace the amounts now already in circulation with cleaner, more secure versions. The CBI has already reduced the amount of these denominations as needed for currency reform. (I was also told that these notes would remain in circulation for at least 10 more years in the future and the plan is to use them mostly for inter-banking transactions for trading partners and not common street use.) [stay tuned for more questions and answers ...with my CBI representative]
12-14-2018 Newshound Guru chattels [...its almost a new yr. lets see what that brings us...] Always more optimistic in the first quarter of the new year.
12-14-2018 Intel Guru RayRen98 Iraqi TV was reporting that the 2019 Budget would contain stipends of 100,000 dinar to non-employee citizens. [so, should citizens be excited about a $100 stipend or is a RV in the works? Would $100 a month excite you?] ...Reportedly, a "political" breakthrough has occurred with all cabinet members supposedly being voted and passed at the next Parliament meeting ...Maybe it already did!
12-14-2018 Intel Guru Bruce As far as Iraq is concern, they have completed everything that they needed to do. ...from the banking perspective... things are extremely quiet right now, more so than they have been. ...It doesn’t get that quiet unless there is a reason for it. What we have heard was that banks have been receiving notifications. ...I do not have what was in that of course. I find the timing of it was interesting... ...we found out...the rates on the bank screens were sort of on for 45 minutes than off for 45 minutes, then on for 45 minutes then off... we would say those rates need to stabilize and they need to stay permanent... My understanding is the rates are in Canada will be the same as they will be here. ...We have heard any moment for a few days now...we are so far along in this process...there is a timing to it and we believe that timing is very close for us.
12-14-2018 Newshound Guru Adam Montana I'm not sure if we can expect to see a 2018 RV, but 1st quarter 2019 looks extremely promising. Prove me wrong, Iraq...
12-14-2018 Newshound/Intel Guru Mnt Goat As far as I know I am still hearing good news on the reinstatement process and it is still on target for LATE Dec or EARLY Jan period. I know there are lots of rumors now flying around as usual about some window of opportunity for an RV happening this entire week. This is simply NOT true. So in this regards, I had a recent conversation with my CBI representative and the following is what I was told in response to my questions. Is there a plan now to RV the currency this week sometime? NO...The dinar is not planned for a revaluation. The dinar must first go through a “reinstatement” process. This is a series of approvals but we believe we are close... (I have been telling everyone this. Any significant change in value that we want comes from the “float” on the currency once it is reinstated. This is NOT a revaluation but a market drive on the rate due to speculation. It will then settle down to what the IMF calls its “nominal effective rate”) [stay tuned for more questions and answers]
12-14-2018 Newshound Guru Bloodloch [Guru] Breitling is perfectly hinting at what I believe (opinion) to be the only way they can make this work while maintaining and even moderately enhancing purchasing power for the Iraqi citizens, making their money worth more as promised. Nice. Price-freezing may be needed for a bit, but that's okay until the dust settles. Now that's in-country, folks, which must be addressed before anything international is considered. [Reference Guru Breitling post 1-13-2018]
12-14-2018 Newshound Guru chattels [...its almost a new yr. lets see what that brings us...] Always more optimistic in the first quarter of the new year.
12-14-2018 Intel Guru RayRen98 Iraqi TV was reporting that the 2019 Budget would contain stipends of 100,000 dinar to non-employee citizens. [so, should citizens be excited about a $100 stipend or is a RV in the works? Would $100 a month excite you?] ...Reportedly, a "political" breakthrough has occurred with all cabinet members supposedly being voted and passed at the next Parliament meeting ...Maybe it already did!
12-14-2018 Intel Guru Bruce As far as Iraq is concern, they have completed everything that they needed to do. ...from the banking perspective... things are extremely quiet right now, more so than they have been. ...It doesn’t get that quiet unless there is a reason for it. What we have heard was that banks have been receiving notifications. ...I do not have what was in that of course. I find the timing of it was interesting... ...we found out...the rates on the bank screens were sort of on for 45 minutes than off for 45 minutes, then on for 45 minutes then off... we would say those rates need to stabilize and they need to stay permanent... My understanding is the rates are in Canada will be the same as they will be here. ...We have heard any moment for a few days now...we are so far along in this process...there is a timing to it and we believe that timing is very close for us.
12-14-2018 Newshound Guru Adam Montana I'm not sure if we can expect to see a 2018 RV, but 1st quarter 2019 looks extremely promising. Prove me wrong, Iraq...
12-14-2018 Newshound/Intel Guru Mnt Goat As far as I know I am still hearing good news on the reinstatement process and it is still on target for LATE Dec or EARLY Jan period. I know there are lots of rumors now flying around as usual about some window of opportunity for an RV happening this entire week. This is simply NOT true. So in this regards, I had a recent conversation with my CBI representative and the following is what I was told in response to my questions. Is there a plan now to RV the currency this week sometime? NO...The dinar is not planned for a revaluation. The dinar must first go through a “reinstatement” process. This is a series of approvals but we believe we are close... (I have been telling everyone this. Any significant change in value that we want comes from the “float” on the currency once it is reinstated. This is NOT a revaluation but a market drive on the rate due to speculation. It will then settle down to what the IMF calls its “nominal effective rate”) [stay tuned for more questions and answers]
12-14-2018 Newshound Guru Bloodloch [Guru] Breitling is perfectly hinting at what I believe (opinion) to be the only way they can make this work while maintaining and even moderately enhancing purchasing power for the Iraqi citizens, making their money worth more as promised. Nice. Price-freezing may be needed for a bit, but that's okay until the dust settles. Now that's in-country, folks, which must be addressed before anything international is considered. [Reference Guru Breitling post 1-13-2018]
12-13-2018 Intel Guru Frank26 [This is getting down right silly. International everything but the rate. Lol] WE DO NOT CARE ABOUT THE RATE...WE CARE TO SEE THE CBI SAY THEY ARE ARTICLE 8...TO ADMIT IT!!! THE INTERNATIONAL STATUS WILL TAKE CARE OF THE RATE.
12-13-2018 Newshound/Intel Guru Mnt Goat ...the USA is going to have a real impact and is teaming up with Iraq. This by the way is also very good for our investment... Do you think the USA is going to invest billions if they can’t get their profits out of Iraq? And how about transferring funds in and out of Iraq for other purposes in the process? Yes, Iraq will need to have an international tradable currency. I luv it…!! I am excited. [post 3 of 3]
12-13-2018 Newshound/Intel Guru Mnt Goat ...it has been months now already in getting these last remaining 8 ministers in place, the minister of the interior now being the most critical. Why is this one particular minister so critical? ...This ministry will be the disbursing agent for the Iraqi govt for the funding for the projects funded by the donor countries for this 5 year reconstruction plan. ...the US has stepped up and agreed to assist in providing a sound mechanism for disbursing the projects funded by the donor countries acting much like the Interior minister but officially (of course) only in an advisory capacity... [post 2 of 3....stay tuned]
12-13-2018 Newshound/Intel Guru Mnt Goat ...we see a sudden shift in the news media from Iraq to reporting now mainly on the RECONSTRUCTION EFFORTS being of the main topics. Why? The reason why is because this is the main efforts now by the GOI. ...We definitely, more importantly, see a very sudden shift in the US strategy and willingness for participation in this reconstruction effort. ...We see much more support and willingness now to assist the Iraqi state. We also know too that the timing is now right. With the setback caused by the ISIS war and the election basically over, Iraq is now ready to go on like a runner at the starting gate, they are ready to take off. [post 1 of 3....stay tuned]
12-13-2018 Newshound Guru Breitling There has been countries that have taken zeros off their currency and then the currency gains value later on down the road. So let’s say they do do a LOP on the currency you and I have. That doesn’t take it out of play to revalue. Worse case scenario let’s say it did LOP it will still gain value so it’s never been a threat to me at all. If you look at the definition of these countries on how they lopped and what their economy was at and what they were trying to do was completely different than Iraq. Remember the Iraqi dinar is not at a real market rate. It’s completely manipulated. They can do anything they want with it but their intent from the CBI is to add value to it… [Post 2 of 2]
12-13-2018 Newshound Guru Breitling Questions: “A LOP. What the heck does that mean and why we don’t see it as being a real possibility? By definition a lop is taking the zeros off the notes and pretending they’re not there and using the same notes. It’s funny that someone says it’s going to be a lop and at the same time talks about other notes being printed…well if they’re going to lop and pretend there are three zeros missing then they don’t need to print more currency do they. So it doesn’t fit…here’s the thing… [Post 1 of 2]
12-13-2018 Intel Guru Delta "US Chamber of Commerce in Iraq to discuss investment opportunities" Quotes: "This forum is being attended by more than 50 leading American companies and more than 100 business leaders..."; "We at the Iraqi Bank for Trade communicate between Iraq and the countries of the world through the network of correspondent banks, which facilitates the entry of these companies through the provision of guarantees or requirements for funding from these projects." VERY ...ENCOURAGING...WOW 50 AMERICAN COMPANIES... HUGE...IRAQI BANK READY TO GO...
12-13-2018 Newshound/Intel Guru Mnt Goat ...the USA is going to have a real impact and is teaming up with Iraq. This by the way is also very good for our investment... Do you think the USA is going to invest billions if they can’t get their profits out of Iraq? And how about transferring funds in and out of Iraq for other purposes in the process? Yes, Iraq will need to have an international tradable currency. I luv it…!! I am excited. [post 3 of 3]
12-13-2018 Newshound/Intel Guru Mnt Goat ...it has been months now already in getting these last remaining 8 ministers in place, the minister of the interior now being the most critical. Why is this one particular minister so critical? ...This ministry will be the disbursing agent for the Iraqi govt for the funding for the projects funded by the donor countries for this 5 year reconstruction plan. ...the US has stepped up and agreed to assist in providing a sound mechanism for disbursing the projects funded by the donor countries acting much like the Interior minister but officially (of course) only in an advisory capacity... [post 2 of 3....stay tuned]
12-13-2018 Newshound/Intel Guru Mnt Goat ...we see a sudden shift in the news media from Iraq to reporting now mainly on the RECONSTRUCTION EFFORTS being of the main topics. Why? The reason why is because this is the main efforts now by the GOI. ...We definitely, more importantly, see a very sudden shift in the US strategy and willingness for participation in this reconstruction effort. ...We see much more support and willingness now to assist the Iraqi state. We also know too that the timing is now right. With the setback caused by the ISIS war and the election basically over, Iraq is now ready to go on like a runner at the starting gate, they are ready to take off. [post 1 of 3....stay tuned]
12-13-2018 Newshound Guru Breitling There has been countries that have taken zeros off their currency and then the currency gains value later on down the road. So let’s say they do do a LOP on the currency you and I have. That doesn’t take it out of play to revalue. Worse case scenario let’s say it did LOP it will still gain value so it’s never been a threat to me at all. If you look at the definition of these countries on how they lopped and what their economy was at and what they were trying to do was completely different than Iraq. Remember the Iraqi dinar is not at a real market rate. It’s completely manipulated. They can do anything they want with it but their intent from the CBI is to add value to it… [Post 2 of 2]
12-13-2018 Newshound Guru Breitling Questions: “A LOP. What the heck does that mean and why we don’t see it as being a real possibility? By definition a lop is taking the zeros off the notes and pretending they’re not there and using the same notes. It’s funny that someone says it’s going to be a lop and at the same time talks about other notes being printed…well if they’re going to lop and pretend there are three zeros missing then they don’t need to print more currency do they. So it doesn’t fit…here’s the thing… [Post 1 of 2]
12-13-2018 Intel Guru Delta "US Chamber of Commerce in Iraq to discuss investment opportunities" Quotes: "This forum is being attended by more than 50 leading American companies and more than 100 business leaders..."; "We at the Iraqi Bank for Trade communicate between Iraq and the countries of the world through the network of correspondent banks, which facilitates the entry of these companies through the provision of guarantees or requirements for funding from these projects." VERY ...ENCOURAGING...WOW 50 AMERICAN COMPANIES... HUGE...IRAQI BANK READY TO GO...
12-12-2018 Newshound Guru MilitiaMan Trade Exchange can be product to product or on Stock Exchange... We know they didn't start work yesterday, the process has been underway for years... Timing is looking so very good imo...Citi Bank is the facilitator and they are no small entity. Capable of moving large amounts of goods, products and services. ..imo...Also, working with the Arab Union of Banks is regional. They talk about them back then and again now... WE have learned the basket may be in the AMF / AAD... IF that is the way it rolls out... I like it... imo. [post 2 of 2]
12-12-2018 Newshound Guru MilitiaMan Articles from 2017: "Iraqi Banks Are Looking With The US Treasury To Open Relations With Foreign Banks" and "The largest US banks… Praise the performance of Iraqi banks" The 2017 article[s] showing who was in Iraq, when they were there and what they were promoting to do. Fast forward to yesterday with the same entities as the UST, IMF, WB and Arab Union of Banks in country...Top it off with Silliman [United States Ambassador to Iraq] in talks with Iraq to develop trade exchange and...have 50 major investment companies in country now. [post 1 of 2....stay tuned]
12-12-2018 Newshound Guru chattels The language of "lop" is undeniable in my view. Even if there is a "lop", such does not preclude a concurrent increase in the value of the IQD from what I am able to discern.
12-12-2018 Intel Guru RayRen98 A MEMBER REPORTED A BANK SCREEN RATE OF $2.49 IQD, BUT THE BANK COULDN'T PROCESS IT. FURTHER INVESTIGATION REVEALED THAT IT "SHOULD" BE LIVE, BUT SOME INTERNAL ISSUES NEEDED TO BE RESOLVED. TIME WILL TELL!
12-12-2018 Intel Guru Bruce ...you guys remember back years ago we talked about the US Department of Commerce and the meeting that was held in Washington DC where DR. Shabibi was in attendance and was asked by someone that we knew of in the community how much is the rate of the Iraqi Dinar going to be. Dr Shabibi said “We believe that Iraqi Dinar has the ability to sustain a rate of $16. ...I thought Wow, $16! Is it there now? No. Not yet, but it is at a very decent rate, and I am hearing it could make it to that number by around Saturday. [post 2 of 2]
12-12-2018 Intel Guru Bruce We know Iraq has completed what it is they needed to complete which did drag out...They put everything they needed to put in the Gazette last Saturday. There is a rate for the Iraqi dinar on the back screens being traded as of this past Sunday. ...what I have heard so far is pointing to us having a wonderful week this week. Now, this has been a tough thing to guess, or to call, or to say I know the day or the time. We don’t. We still don’t. We know approximately what their intentions are, what their plans are...the 6.5 million or so of us that are paying attention to this online, through calls, through blogs, etc. ...We will receive our blessing by all intents and purposes by the end of this week. [post 1 of 2....stay tuned]
12-12-2018 Newshound Guru Breitling Question: “How do you handle people when they send you a disagreeing email?” First of all the way people approach some of the stuff I say it’s like an attack. At the same time they want to debate…I don’t mind doing that. I don’t mind telling people what I believe. But I never go after what people “think”. So I never respond to what they “think”. The only thing I can do is tell people what I know and be able to connect the dots that way. I don’t want people to take this wrong at all but I’m not trying to convince anybody of anything…all I’m talking about is how I invest in this and why I believe it. And that’s it.
12-12-2018 Newshound/Intel Guru Mnt Goat Rumor... : The IQD is international since the CBI and other exchange sites have changing the representation of the IQD rate now with five decimal places. This change may very well be in preparation for the future reinstatement back to the global markets on the currency exchanges, since they operate with this level of accuracy. So this is a good sign but...It does not yet mean the IQD is already international.
12-12-2018 Newshound Guru MilitiaMan Articles from 2017: "Iraqi Banks Are Looking With The US Treasury To Open Relations With Foreign Banks" and "The largest US banks… Praise the performance of Iraqi banks" The 2017 article[s] showing who was in Iraq, when they were there and what they were promoting to do. Fast forward to yesterday with the same entities as the UST, IMF, WB and Arab Union of Banks in country...Top it off with Silliman [United States Ambassador to Iraq] in talks with Iraq to develop trade exchange and...have 50 major investment companies in country now. [post 1 of 2....stay tuned]
12-12-2018 Newshound Guru chattels The language of "lop" is undeniable in my view. Even if there is a "lop", such does not preclude a concurrent increase in the value of the IQD from what I am able to discern.
12-12-2018 Intel Guru RayRen98 A MEMBER REPORTED A BANK SCREEN RATE OF $2.49 IQD, BUT THE BANK COULDN'T PROCESS IT. FURTHER INVESTIGATION REVEALED THAT IT "SHOULD" BE LIVE, BUT SOME INTERNAL ISSUES NEEDED TO BE RESOLVED. TIME WILL TELL!
12-12-2018 Intel Guru Bruce ...you guys remember back years ago we talked about the US Department of Commerce and the meeting that was held in Washington DC where DR. Shabibi was in attendance and was asked by someone that we knew of in the community how much is the rate of the Iraqi Dinar going to be. Dr Shabibi said “We believe that Iraqi Dinar has the ability to sustain a rate of $16. ...I thought Wow, $16! Is it there now? No. Not yet, but it is at a very decent rate, and I am hearing it could make it to that number by around Saturday. [post 2 of 2]
12-12-2018 Intel Guru Bruce We know Iraq has completed what it is they needed to complete which did drag out...They put everything they needed to put in the Gazette last Saturday. There is a rate for the Iraqi dinar on the back screens being traded as of this past Sunday. ...what I have heard so far is pointing to us having a wonderful week this week. Now, this has been a tough thing to guess, or to call, or to say I know the day or the time. We don’t. We still don’t. We know approximately what their intentions are, what their plans are...the 6.5 million or so of us that are paying attention to this online, through calls, through blogs, etc. ...We will receive our blessing by all intents and purposes by the end of this week. [post 1 of 2....stay tuned]
12-12-2018 Newshound Guru Breitling Question: “How do you handle people when they send you a disagreeing email?” First of all the way people approach some of the stuff I say it’s like an attack. At the same time they want to debate…I don’t mind doing that. I don’t mind telling people what I believe. But I never go after what people “think”. So I never respond to what they “think”. The only thing I can do is tell people what I know and be able to connect the dots that way. I don’t want people to take this wrong at all but I’m not trying to convince anybody of anything…all I’m talking about is how I invest in this and why I believe it. And that’s it.
12-12-2018 Newshound/Intel Guru Mnt Goat Rumor... : The IQD is international since the CBI and other exchange sites have changing the representation of the IQD rate now with five decimal places. This change may very well be in preparation for the future reinstatement back to the global markets on the currency exchanges, since they operate with this level of accuracy. So this is a good sign but...It does not yet mean the IQD is already international.
12-11-2018 Intel Guru Delta ...they might give us a sucker bid, like we said a long time ago...come out at $1.20, then of course after 6 months, whatever the date is, then throw the exact number there like $2.85, $3.00, whatever it is. But based on... details right now from the CBI website, I mean the rate really has to be high in order for them to do that. And make it more attractive. Remember, the citizens, they want more attractive, especially investors. They need the real numbers to come out like that. And based on...information from the BIS, a month or two months ago, when I-Team reported that $2.85 was showing, so it could be a higher rate, but according to my calculations...they should really be in the $2.85 to $3.00 range in order for them to cover all this money.
12-11-2018 Guest Guru Doc.K Article "Washington announces buying 17% of Iraqi oil exports" [Is this 17% significant?] Yes I believe so... When I read that...I assumed...that the 17% (that the USA is buying) of Iraq's oil export revenue...is most likely going straight to the Kurds to shut them up. I say the HCL is DONE at this point. Since the USA is NOW an exporter of oil, why would we buy from them?
12-11-2018 Newshound/Intel Guru Mnt Goat Rumor...: The IQD is now international. Folks I will tell you one more time that the IQD is NOT yet international and if it was it would have to be “reinstated” first and if it was reinstated we would all be at the banks already...It is that simple...if it was international already thus “reinstated” it would have to be back on the global trading platforms, we would not be waiting so long for the rate to rise since the traders, through demand, would bring the rate up already by now...The CBI itself has told me and still tells me they are waiting to “reinstate” the IQD.
12-11-2018 Newshound Guru ChrisC I hope all of y'all are nestled all snug in your beds, While visions of sugar-plums dance in your heads, and after we've dreamed I hope we all see what's been taking so long...our precious RV. So, let's trust in Trump and know he's planned right and a Merry Future to all and to all a good night.
12-11-2018 Intel Guru Delta [via Clare] the lifting of the 3 zeros, looks on target for the end of the year!
12-11-2018 Intel Guru Frank26 [via Clare] A Change is Coming!!! There is a legitimate reason to invest in Iraq now...because they meet International standards!
12-11-2018 Newshound Guru Bloodloch ...the CBI absolutely CAN launch the VLD (very low denominations) without any further preparation other than printing them and explaining to the Iraqi citizens about their characteristics. No long and slow climb needed, since purchasing power should remain a constant, or even enticingly favorable to Iraqis in their daily lives. The underlying support for turning 44 trillion into 44 billion is there, and there may even be a case made for fractional reserve gold-backing mechanisms should they decide that to be one of the new currency characteristics. And while there have been some rumors of new notes being printed already, I've yet to see any actual artwork for the same. That doesn't mean they don't have them hidden away somewhere. Just that I haven't seen them.
12-11-2018 Guest Guru Doc.K Article "Washington announces buying 17% of Iraqi oil exports" [Is this 17% significant?] Yes I believe so... When I read that...I assumed...that the 17% (that the USA is buying) of Iraq's oil export revenue...is most likely going straight to the Kurds to shut them up. I say the HCL is DONE at this point. Since the USA is NOW an exporter of oil, why would we buy from them?
12-11-2018 Newshound/Intel Guru Mnt Goat Rumor...: The IQD is now international. Folks I will tell you one more time that the IQD is NOT yet international and if it was it would have to be “reinstated” first and if it was reinstated we would all be at the banks already...It is that simple...if it was international already thus “reinstated” it would have to be back on the global trading platforms, we would not be waiting so long for the rate to rise since the traders, through demand, would bring the rate up already by now...The CBI itself has told me and still tells me they are waiting to “reinstate” the IQD.
12-11-2018 Newshound Guru ChrisC I hope all of y'all are nestled all snug in your beds, While visions of sugar-plums dance in your heads, and after we've dreamed I hope we all see what's been taking so long...our precious RV. So, let's trust in Trump and know he's planned right and a Merry Future to all and to all a good night.
12-11-2018 Intel Guru Delta [via Clare] the lifting of the 3 zeros, looks on target for the end of the year!
12-11-2018 Intel Guru Frank26 [via Clare] A Change is Coming!!! There is a legitimate reason to invest in Iraq now...because they meet International standards!
12-11-2018 Newshound Guru Bloodloch ...the CBI absolutely CAN launch the VLD (very low denominations) without any further preparation other than printing them and explaining to the Iraqi citizens about their characteristics. No long and slow climb needed, since purchasing power should remain a constant, or even enticingly favorable to Iraqis in their daily lives. The underlying support for turning 44 trillion into 44 billion is there, and there may even be a case made for fractional reserve gold-backing mechanisms should they decide that to be one of the new currency characteristics. And while there have been some rumors of new notes being printed already, I've yet to see any actual artwork for the same. That doesn't mean they don't have them hidden away somewhere. Just that I haven't seen them.
12-10-2018 Newshound Guru MilitiaMan Article: "Center: Islamic banking in Iraq is in line with international standards" This is telling me they have tapped into one of the largest markets in the world. Not a laughing matter. It is actually very very bullish for our investment. They are recognized now for having been caught up to and in line with international standards...Well done!
12-10-2018 Newshound/Intel Guru Mnt Goat But we can see that they have surely moved already to the next level and important step. For years and years they struggled just to get the banking reforms in place. Not they have the ATMs running, electronic payrolls, electronic POS, credit cards, and emphasis on just petty cash and not wads of cash in pockets the day on and after payday. We see the banks are now liquid and loans are being given based on “credit rating” criteria. So this economy is slowly being converted over to the global banking systems. So much progress has been made towards the “project to delete the zeros”. [post 2 of 2]
12-10-2018 Newshound/Intel Guru Mnt Goat The CBI has told me many times that they can not just launch these very low. lower denominations like the new polymer 5,10,25,50 100 and coins until the economy is suited for them. So how do they get the economy suited for them? They have a plan. First they must slowly make the 250, 500 and 1000 in demand, use electronic banking for larger purchases, then as the economy grows begin to launch these other notes. I would be looking for the 50 and the 100 notes next. At some point they will reinstate the dinar but we don’t know just at what point of equilibrium it will be. To do this means an educational process of what these newer polymer notes look like and how to use them. [post 1 of 2....stay tuned]
12-10-2018 Intel Guru RayRen98 [via sunny] I'm feeling really good about the 100% this week but it might move slower than some of you expect. Reports from some members last night of group activity and receiving communications to come in on Friday to make their exchanges. The process may become more evident this week that it's done, it's finished! ...Anything else pops up we'll be too glad to keep you updated. At best this is an exciting week. We are looking for something to happen. Keep believing. We sure do.
12-10-2018 Intel Guru Frank26 Due to the fact that they are showing these “slots,” you know these digital “slots numbers” available, it means that they have calculated international numbers. Now, the rate has to do the same thing by announcing that they did this with the CBI’s REER numbers. The Real numbers. ...I mean 43 Trillion all year? Then all of the sudden 1 Trillion in one month? My goodness gracious, the rate has to be pretty doggone high for 1 Trillion to equal 43 Trillion.
12-10-2018 Intel Guru Delta ...it looks like the Central Bank of Iraq, they got 100% linked to International Banking. The Central Bank to the BIS. They are now linked to the Forex. Everything is set up from the Central Bank of Iraq and the Iraqi Market is effecting that. Remember the Iraqi Stock Exchange, they didn’t change the plan and they are supposed to go international BEFORE END OF THIS YEAR. And they have to be in NASDAQ. So they need those fractional numbers. So for the Iraqi Market to show those fractional numbers, that gives you indication that the Central Bank of Iraq, they are about to raise the rate. I’m talking about any moment now, based on this information.
12-10-2018 Newshound/Intel Guru RVAlready Once the LDs were printed, the last physical impediment to the RV was removed. Assuming that the US treasury, Trump, and the IMF are ready, the CBI can now release at a moment's notice. Thus, there is finally some possibility that this might be done by the end of the week. Before now, every time someone said "by Monday, or by Friday" it was almost impossible, because the LDs had not even been printed. ...they were recently printed. It has been announced...a few weeks back...Allaq was showing them off.
12-10-2018 Newshound/Intel Guru Mnt Goat But we can see that they have surely moved already to the next level and important step. For years and years they struggled just to get the banking reforms in place. Not they have the ATMs running, electronic payrolls, electronic POS, credit cards, and emphasis on just petty cash and not wads of cash in pockets the day on and after payday. We see the banks are now liquid and loans are being given based on “credit rating” criteria. So this economy is slowly being converted over to the global banking systems. So much progress has been made towards the “project to delete the zeros”. [post 2 of 2]
12-10-2018 Newshound/Intel Guru Mnt Goat The CBI has told me many times that they can not just launch these very low. lower denominations like the new polymer 5,10,25,50 100 and coins until the economy is suited for them. So how do they get the economy suited for them? They have a plan. First they must slowly make the 250, 500 and 1000 in demand, use electronic banking for larger purchases, then as the economy grows begin to launch these other notes. I would be looking for the 50 and the 100 notes next. At some point they will reinstate the dinar but we don’t know just at what point of equilibrium it will be. To do this means an educational process of what these newer polymer notes look like and how to use them. [post 1 of 2....stay tuned]
12-10-2018 Intel Guru RayRen98 [via sunny] I'm feeling really good about the 100% this week but it might move slower than some of you expect. Reports from some members last night of group activity and receiving communications to come in on Friday to make their exchanges. The process may become more evident this week that it's done, it's finished! ...Anything else pops up we'll be too glad to keep you updated. At best this is an exciting week. We are looking for something to happen. Keep believing. We sure do.
12-10-2018 Intel Guru Frank26 Due to the fact that they are showing these “slots,” you know these digital “slots numbers” available, it means that they have calculated international numbers. Now, the rate has to do the same thing by announcing that they did this with the CBI’s REER numbers. The Real numbers. ...I mean 43 Trillion all year? Then all of the sudden 1 Trillion in one month? My goodness gracious, the rate has to be pretty doggone high for 1 Trillion to equal 43 Trillion.
12-10-2018 Intel Guru Delta ...it looks like the Central Bank of Iraq, they got 100% linked to International Banking. The Central Bank to the BIS. They are now linked to the Forex. Everything is set up from the Central Bank of Iraq and the Iraqi Market is effecting that. Remember the Iraqi Stock Exchange, they didn’t change the plan and they are supposed to go international BEFORE END OF THIS YEAR. And they have to be in NASDAQ. So they need those fractional numbers. So for the Iraqi Market to show those fractional numbers, that gives you indication that the Central Bank of Iraq, they are about to raise the rate. I’m talking about any moment now, based on this information.
12-10-2018 Newshound/Intel Guru RVAlready Once the LDs were printed, the last physical impediment to the RV was removed. Assuming that the US treasury, Trump, and the IMF are ready, the CBI can now release at a moment's notice. Thus, there is finally some possibility that this might be done by the end of the week. Before now, every time someone said "by Monday, or by Friday" it was almost impossible, because the LDs had not even been printed. ...they were recently printed. It has been announced...a few weeks back...Allaq was showing them off.
12-9-2018 Newshound Guru MilitiaMan Article: "The 2018 Annual Conference of the Central Bank of Iraq .... The harvest of achievements and the start of the development process for the year 2019" Quotes: "The conference comes at this time, The ministerial cab of the new government and the start of the process of economic reform and economic stability..."; "...the Central Bank re-evaluated and classified banks in accordance with international standards...as well as establishing the deposit guarantee company in order to raise the savings rate at banks and reduce the percentage of housekeeping in the economy and thus activate the economy through activating investment..." A dandy of an article.. ...And it looks as though they'll legitimize the Cab, as in pronto per Sadr! - imo I wonder if they mean where they say delivering their achievements means they have delivered their new currency too...??? Inter-bank style between Central Banks??
12-9-2018 Newshound/Intel Guru David M. Witty Schedule for Iraqi Parliament's meeting today does not contain a vote on unfilled cabinet positions. Still no political agreement on nominees.
12-9-2018 Newshound Guru Breitling ...We are kicking butt and taking names in Iraq. Don’t get too stuck on $55 [price per barrel] that it has to be there. I say you change the value of the currency before that but that’s just me…If it goes below…what they need for price per barrel for the country to function…they’re definitely going to need to add value to their currency to be able to make up for that…This is the language coming out of the committees…they are looking at being able to do business with the west. And they’re looking at sidetracking any policy that OPEC gets together and we’ll see what they do. No body knows what they’ll do. This is the language. The other thing is ok, they’re in the…western markets, 'why don’t we start adding value to our currency so we can get that much more into our markets.' Do you see what I’m saying? That’s what they’re talking about. That’s the language that they’re using. How they’ll do it? When they’ll do it? [He doesn’t know either] But everything is in place exactly what we’ve been talking about. We’re watching it like we’re supposed to and that’s all we can do. I’m very very happy about what’s going on…
12-9-2018 Intel Guru Delta Now you have to ask yourself, where is the Central Bank of Iraq getting those numbers from? The Fractional numbers. ...where is the Iraqi Market getting those fractions from? Like 1193.853. Where are they bringing those .853? The ONLY way they can do that is they have to be linked internationally to be able to do that! ...So, that gives you indication that the Central Bank of Iraq should show the numbers today or tomorrow, this week, or next week, whatever it is. But the numbers have to show up...they have to plug in now the Iraqi exchange rate...they’re going to show us the numbers. Those fractional numbers, they’re not made for the CBI. Those basic rates, calculated, based on the international numbers and this is really very significant.
12-9-2018 Newshound/Intel Guru David M. Witty Schedule for Iraqi Parliament's meeting today does not contain a vote on unfilled cabinet positions. Still no political agreement on nominees.
12-9-2018 Newshound Guru Breitling ...We are kicking butt and taking names in Iraq. Don’t get too stuck on $55 [price per barrel] that it has to be there. I say you change the value of the currency before that but that’s just me…If it goes below…what they need for price per barrel for the country to function…they’re definitely going to need to add value to their currency to be able to make up for that…This is the language coming out of the committees…they are looking at being able to do business with the west. And they’re looking at sidetracking any policy that OPEC gets together and we’ll see what they do. No body knows what they’ll do. This is the language. The other thing is ok, they’re in the…western markets, 'why don’t we start adding value to our currency so we can get that much more into our markets.' Do you see what I’m saying? That’s what they’re talking about. That’s the language that they’re using. How they’ll do it? When they’ll do it? [He doesn’t know either] But everything is in place exactly what we’ve been talking about. We’re watching it like we’re supposed to and that’s all we can do. I’m very very happy about what’s going on…
12-9-2018 Intel Guru Delta Now you have to ask yourself, where is the Central Bank of Iraq getting those numbers from? The Fractional numbers. ...where is the Iraqi Market getting those fractions from? Like 1193.853. Where are they bringing those .853? The ONLY way they can do that is they have to be linked internationally to be able to do that! ...So, that gives you indication that the Central Bank of Iraq should show the numbers today or tomorrow, this week, or next week, whatever it is. But the numbers have to show up...they have to plug in now the Iraqi exchange rate...they’re going to show us the numbers. Those fractional numbers, they’re not made for the CBI. Those basic rates, calculated, based on the international numbers and this is really very significant.
12-8-2018 Intel Guru Delta ...So what’s gonna happen is remember, they’re going to introduce the lower denomination notes and add value that’s going to replace and phase out the 3-zero notes. So how much do they have in total? They have about 43 trillion outside the bank, which is worth about 40 billion dollars. So..., this 1 trillion dinars they have, they should have a very high value, in order for them to replace THE WHOLE VALUE of the 43 trillion dinars. ...So the calculations, the mathematics is going to be like this: 1 Trillion New Iraqi Dinars is going to be equivalent to the 43 Trillion Dinars. This is really HUGE and amazing. So the exchange rate has to be, based on we’ve got here, has to be close to $2.85 to $3.00...
12-8-2018 Newshound Guru Breitling …Understanding what Iraq needs to do. Understanding where Iraq’s currency is at and looking at the historical numbers on where they lost it’s value…how they keep their value down. What advantages they have keeping the value down. What advantages do they have…adding value to it. There’s nothing more than that…we’re speculating based on those principles. And that’s how people do it. A lot of the people that were involved in helping that country [Iraq] set up their currency are officials in the United States. I know these people. Not all of them, some of them. They all have dinar...
12-8-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament excepted to vote tomorrow on remaining unfilled cabinet positions.
12-8-2018 Intel Gurus Delta and Frank26 They changed how they are putting their mathematical rate on their site. This is exciting...they didn’t give us an exchange rate. Because now we’re going to have the exact exchange rate based on international calculations, which is where it’s going to be $1.50 to $2.00, $3.00, whatever they come up. But definitely the numbers are all calculated...It looks like the CBI now is ready to release the new rate and it could happen at any moment now...
12-8-2018 Intel Guru ADMINBILL MANY TEXTS RECEIVED YESTERDAY REPORTING HAPPY DAYS ARE CLOSE AT HAND...
12-8-2018 Newshound Guru Breitling Article: “Iraq, Kuwait and Qatar are the only major OPEC producers able to balance their budget. According to current prices of 58 dollars per barrel Iraq, Kuwait and Qatar are the only major producers who can balance their budget…Kuwait needs $48 to reach break even point. While Qatar can balance it’s budget by a barrel of oil of about $47…according to IMF data Iraq requires $55 per barrel.” So there we have it…the budget that I had and the numbers I was looking at was about $58 to $60. So I don’t know where these numbers come from but let’s assume these guys are right they’re saying the data came from the IMF. “Iraq requires $55 per barrel to achieve a break. Saudi Arabia needs $88.” We know Saudi Arabi doesn’t need $88 anymore because they got opened up to U.S. markets. So the UAE needs $71. Amman [Jordan] needs $77. Iran needs $111…and Libya needs $114. So that’s what we’re looking at, $55 per barrel. Remember it’s long-term…We’re trying to shut out Iran. We’re trying to offer a way out to Iraq that makes them a partner with us. And they’re probably going to take it because they’re looking at what’s happening with Saudi Arabia.
12-8-2018 Newshound/Intel Guru Mnt Goat Article: "THE DELAY IN THE FORMATION OF THE GOVERNMENT IN BAGHDAD HAS HINDERED ACCESS TO LOAN FUNDS AND GRANTS" so because it is taking so long to form this new govt, it is now beginning to overflow into the financial system of Iraq too. Can you see why they need to choose an honest minister of interior? So it not all about the dinar RV that is holding up the funding from investors but rather the elections.
12-8-2018 Newshound Guru Breitling …Understanding what Iraq needs to do. Understanding where Iraq’s currency is at and looking at the historical numbers on where they lost it’s value…how they keep their value down. What advantages they have keeping the value down. What advantages do they have…adding value to it. There’s nothing more than that…we’re speculating based on those principles. And that’s how people do it. A lot of the people that were involved in helping that country [Iraq] set up their currency are officials in the United States. I know these people. Not all of them, some of them. They all have dinar...
12-8-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament excepted to vote tomorrow on remaining unfilled cabinet positions.
12-8-2018 Intel Gurus Delta and Frank26 They changed how they are putting their mathematical rate on their site. This is exciting...they didn’t give us an exchange rate. Because now we’re going to have the exact exchange rate based on international calculations, which is where it’s going to be $1.50 to $2.00, $3.00, whatever they come up. But definitely the numbers are all calculated...It looks like the CBI now is ready to release the new rate and it could happen at any moment now...
12-8-2018 Intel Guru ADMINBILL MANY TEXTS RECEIVED YESTERDAY REPORTING HAPPY DAYS ARE CLOSE AT HAND...
12-8-2018 Newshound Guru Breitling Article: “Iraq, Kuwait and Qatar are the only major OPEC producers able to balance their budget. According to current prices of 58 dollars per barrel Iraq, Kuwait and Qatar are the only major producers who can balance their budget…Kuwait needs $48 to reach break even point. While Qatar can balance it’s budget by a barrel of oil of about $47…according to IMF data Iraq requires $55 per barrel.” So there we have it…the budget that I had and the numbers I was looking at was about $58 to $60. So I don’t know where these numbers come from but let’s assume these guys are right they’re saying the data came from the IMF. “Iraq requires $55 per barrel to achieve a break. Saudi Arabia needs $88.” We know Saudi Arabi doesn’t need $88 anymore because they got opened up to U.S. markets. So the UAE needs $71. Amman [Jordan] needs $77. Iran needs $111…and Libya needs $114. So that’s what we’re looking at, $55 per barrel. Remember it’s long-term…We’re trying to shut out Iran. We’re trying to offer a way out to Iraq that makes them a partner with us. And they’re probably going to take it because they’re looking at what’s happening with Saudi Arabia.
12-8-2018 Newshound/Intel Guru Mnt Goat Article: "THE DELAY IN THE FORMATION OF THE GOVERNMENT IN BAGHDAD HAS HINDERED ACCESS TO LOAN FUNDS AND GRANTS" so because it is taking so long to form this new govt, it is now beginning to overflow into the financial system of Iraq too. Can you see why they need to choose an honest minister of interior? So it not all about the dinar RV that is holding up the funding from investors but rather the elections.
12-7-2018 Intel Guru Delta "Iraq new 500-dinar note (B359a) confirmed" "Iraq new 250-dinar note (B358a) confirmed" THE 1000 NOTE WAS OUT LAST MONTH....BUT 250 500 JUST COMING OUT NOW FOR A REASON!!!
12-7-2018 Newshound/Intel Guru Mnt Goat So Thursday came and went and still no vote on the remaining two last ministers...the minister of interior and defense... But negotiations are now underway. ...President Barham Saleh confirmed the completion of the government formation in accordance with the constitution. We know that Iraq had until Dec 4th to meet the constitutional deadline to form the government. But what about the other 2 ministers for Mahdi’s cabinet? So this news from Saleh is not entirely accurate. But technically they can say it is since Mahdi just uses the “proxy” excuse and assumes the interior and defense ministers himself.
12-7-2018 Intel Guru Bruce ...We know we can celebrate on the one hand because Iraq finally did what it is they were supposed to do putting everything in the Gazette...Wednesday as indicated. We had confirmations that happened. We do have confirmation of a rate...today for the Iraqi dinar at $6.78. It does not mean that is the final rate, but it is the rate that was available today. It can be traded up and it can be traded down. It is just an indicator for you. ...I know Iraq is done. Iraq has done what they said they would do. ...I think we are in the position we can say virtually anytime. ...I am not going to call it. I am just going to tell you I think we are really looking good the next couple of days.
12-7-2018 Intel Gurus Frank26 and Delta ...another huge thing...I do think, they are de-pegging from the dollar. The Iraqi Dinar was pegged to the US Dollar, ONLY, for the last 13-14 years. ...we talked about this a long time ago, when we see that they have 3 digits next to the decimal point, then we know that they are de-pegging from the US dollar. ...I know they are going to peg to the basket of currency. ...But for them to do that now...would give you an indication that they are really REALLY very close to show us the rate...Reinstate their currency. [post 2 of 2]
12-7-2018 Intel Gurus Frank26 and Delta [Guru] Walkingstick told us the fractional banking - the fractional rate calculations - all the math! It’s long been done. Then all the sudden, you find slots opening up for digits, in the fractional area...now you have a decimal point... this is the first time the Central Bank of Iraq is reporting the 3- digits AFTER the decimal point with the US dollar. ...we know that they are about to go international, so they need those digits...when you go international you have to have that fractional number...Because if you have like one-tenth of a penny internationally, that can make a lot of difference on banking, the fractionals, and how they make their money. [post 1 of 2....stay tuned]
12-7-2018 Newshound/Intel Guru Mnt Goat So Thursday came and went and still no vote on the remaining two last ministers...the minister of interior and defense... But negotiations are now underway. ...President Barham Saleh confirmed the completion of the government formation in accordance with the constitution. We know that Iraq had until Dec 4th to meet the constitutional deadline to form the government. But what about the other 2 ministers for Mahdi’s cabinet? So this news from Saleh is not entirely accurate. But technically they can say it is since Mahdi just uses the “proxy” excuse and assumes the interior and defense ministers himself.
12-7-2018 Intel Guru Bruce ...We know we can celebrate on the one hand because Iraq finally did what it is they were supposed to do putting everything in the Gazette...Wednesday as indicated. We had confirmations that happened. We do have confirmation of a rate...today for the Iraqi dinar at $6.78. It does not mean that is the final rate, but it is the rate that was available today. It can be traded up and it can be traded down. It is just an indicator for you. ...I know Iraq is done. Iraq has done what they said they would do. ...I think we are in the position we can say virtually anytime. ...I am not going to call it. I am just going to tell you I think we are really looking good the next couple of days.
12-7-2018 Intel Gurus Frank26 and Delta ...another huge thing...I do think, they are de-pegging from the dollar. The Iraqi Dinar was pegged to the US Dollar, ONLY, for the last 13-14 years. ...we talked about this a long time ago, when we see that they have 3 digits next to the decimal point, then we know that they are de-pegging from the US dollar. ...I know they are going to peg to the basket of currency. ...But for them to do that now...would give you an indication that they are really REALLY very close to show us the rate...Reinstate their currency. [post 2 of 2]
12-7-2018 Intel Gurus Frank26 and Delta [Guru] Walkingstick told us the fractional banking - the fractional rate calculations - all the math! It’s long been done. Then all the sudden, you find slots opening up for digits, in the fractional area...now you have a decimal point... this is the first time the Central Bank of Iraq is reporting the 3- digits AFTER the decimal point with the US dollar. ...we know that they are about to go international, so they need those digits...when you go international you have to have that fractional number...Because if you have like one-tenth of a penny internationally, that can make a lot of difference on banking, the fractionals, and how they make their money. [post 1 of 2....stay tuned]
12-6-2018 Newshound Guru MilitiaMan "Live Iraqi Dinar (IQD) Exchange Rates...USD IQD 1190.00027 Dollars to Iraqi Dinar" More progress and or fine tuning the line up. 5 digitis then 6? We shall see. What I would like to see is some small polymer notes and some fils... imo to go along side those digits right of the decimal and a nice healthy number the the left.
12-6-2018 Newshound/Intel Guru RVAlready I think Mahdi can simply appoint the positions. It has been done by previous PMs. Disagreeing parliament members will complain, but they had their chance to elect, and they failed. They know that they failed, and that action must be taken…
12-6-2018 Newshound Guru MilitiaMan Reporting or pairing is now in line for the list of currencies. Sort of additional education that is completed, imo. Those that will be needing to know can see the 4 digits to the right of the decimal. Place the international calculation in and easy math. imo One more indicator the process is underway...
12-6-2018 Intel Guru RayRen98 Things are moving faster than is being publicized. We received great news yesterday with more confirmation this morning.... It’s a good day to review your action plan.
12-6-2018 Newshound Guru Breitling Article: “Iraq denies report on Trump requesting oil for return for Baghdad war” …I’ll tell you what’s going on. This is not something you’ll read in the articles. We are trying to do deals with oil markets with Iraq but it’s completely separate from what this is talking about…we know what Iraq needs to survive and we’re offering them a way out so that they’re in our camp.
12-6-2018 Newshound Guru Adam Montana Holding pattern on HCL. This is going to break soon. I'm watching it like a hawk and can't WAIT for this to turn! It is going to be in our favor. I'm betting big on this.
12-6-2018 Newshound Guru Breitling …the price per barrel is going down. So what do they [Iraq] do? They can do what you and I are speculating on and add value to their currency but there are other stuff also. Iraq wants to compete in the American markets. We can do trade deals with them. So that’s why Iraq shut the door on Iran because they’re looking for the same type of deal that Saudi Arabia had. So now we have them in our pocket. 12-6-2018 Newshound Guru Breitling …the price per barrel is going down. So what do they [Iraq] do? They can do what you and I are speculating on and add value to their currency but there are other stuff also. Iraq wants to compete in the American markets. We can do trade deals with them. So that’s why Iraq shut the door on Iran because they’re looking for the same type of deal that Saudi Arabia had. So now we have them in our pocket.
12-6-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament to meet today but not expected to vote on unfilled cabinet positions.
12-6-2018 Newshound/Intel Guru RVAlready I think Mahdi can simply appoint the positions. It has been done by previous PMs. Disagreeing parliament members will complain, but they had their chance to elect, and they failed. They know that they failed, and that action must be taken…
12-6-2018 Newshound Guru MilitiaMan Reporting or pairing is now in line for the list of currencies. Sort of additional education that is completed, imo. Those that will be needing to know can see the 4 digits to the right of the decimal. Place the international calculation in and easy math. imo One more indicator the process is underway...
12-6-2018 Intel Guru RayRen98 Things are moving faster than is being publicized. We received great news yesterday with more confirmation this morning.... It’s a good day to review your action plan.
12-6-2018 Newshound Guru Breitling Article: “Iraq denies report on Trump requesting oil for return for Baghdad war” …I’ll tell you what’s going on. This is not something you’ll read in the articles. We are trying to do deals with oil markets with Iraq but it’s completely separate from what this is talking about…we know what Iraq needs to survive and we’re offering them a way out so that they’re in our camp.
12-6-2018 Newshound Guru Adam Montana Holding pattern on HCL. This is going to break soon. I'm watching it like a hawk and can't WAIT for this to turn! It is going to be in our favor. I'm betting big on this.
12-6-2018 Newshound Guru Breitling …the price per barrel is going down. So what do they [Iraq] do? They can do what you and I are speculating on and add value to their currency but there are other stuff also. Iraq wants to compete in the American markets. We can do trade deals with them. So that’s why Iraq shut the door on Iran because they’re looking for the same type of deal that Saudi Arabia had. So now we have them in our pocket. 12-6-2018 Newshound Guru Breitling …the price per barrel is going down. So what do they [Iraq] do? They can do what you and I are speculating on and add value to their currency but there are other stuff also. Iraq wants to compete in the American markets. We can do trade deals with them. So that’s why Iraq shut the door on Iran because they’re looking for the same type of deal that Saudi Arabia had. So now we have them in our pocket.
12-6-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament to meet today but not expected to vote on unfilled cabinet positions.
12-5-2018 Newshound Guru MilitiaMan ...They go on to say the start of activation and implementation of the 2019 plans are under way. WS [Guru Walkingstick] showed us the 12/02/2018 4:00 Am Baghdad time was a point of interest for the trading of the Iraqi Dinar Globally / Worldwide. The coming out party with possible polymer new notes for small categories may be upon us oh so very soon! We shall see.. imo. [post 2 of 2]
12-5-2018 Newshound Guru MilitiaMan Article: “The 2018 Annual Conference of the Central Bank of Iraq .... The harvest of achievements and the start of the development process for the year 2019” Timing for the 10th. They will end 2018 on the 10th and that happens to be a Holiday announced yesterday. It is expected based on the above they'll have a new government cabinet and start the process of economic reform. ...Nusairi...says Alak and his teams have made exceptional efforts in restoring relations in the Arab and Foreign Central Banks over the past four years. The CBI has met with the UN, WB and IMF which is telling us the CBI has strengthened the CBIs economic resilience and achieved financial victory. [post 1 of 2....stay tuned]
12-5-2018 Newshound Guru Kaperoni The launch of "golden opportunity" summit with 50 international companies has begun in Iraq.
12-5-2018 Newshound/Intel Guru Mnt Goat Article: "A "GOLDEN OPPORTUNITY" FOR IRAQI RECONSTRUCTION" Quote: "...WILL OPEN THE WAY FOR PRESENTING LARGE RECONSTRUCTION OPPORTUNITIES TO INVESTMENT COMPANIES..." Oh – yet another investment conference. ...There are still 111 bills carried over form the last parliament that need to be addresses. Many of these bills relieve the barriers in doing business within Iraq. So they can have all of these investment conferences they want but until they get these bills passed they are still going nowhere. Too bad they just can’t seem to work together to get this country moving forward. We can appreciate all that Hader al-Abadi did and so let’s not cut him short on his accomplishments.
12-5-2018 Intel Guru Footforward To be clear, it's my opinion the rate will be well above 86 cents...
12-5-2018 Newshound/Intel Guru Mnt Goat I agree with Kap [Guru Kaperoni] in that the CBI has told us this is a 3 year process. So we are now at the end of this process. In fact if we get out of this year we have passed it. But remember the CBI just can’t trigger the event in a day and expect to transition the currency over that same day. It takes time and there are mechanisms to put in place over months if not years. One such mechanism was “electronic banking”. Another we can clearly see was the ATMs. In March-Oct we witnessed yet another the effort to get the people over to using the lower category notes. But this third mechanism only works because these other two mechanisms were already in place. If you are studying this process to delete the zeros you can clearly see the progression of what the CBI is doing to get them to the reinstatement timeframe.
12-5-2018 Intel Guru Bruce Sunday morning at 4 am Baghdad time which was 8 pm EST Saturday night that was the shot that was heard around the world. That was the term it was called. It is supposed to have been a 3 day turn before we get a pretty close heads up we are about ready to go. That would put us somewhere between now and tomorrow morning [Wednesday]. I am just going to say this is not definitive exactly what the timing is. However, it is a good indicator things are moving right along. We know Iraq is supposed to put everything tomorrow into the Gazette. I believe it will include a rate. ...Then I think we are very close. [post 2 of 2]
12-5-2018 Intel Guru Bruce We are getting down to the very end. ...Iraq on Sunday morning...took their rate and made it tradable...and in 8 seconds after it was on the Forex available to be traded, it was traded up. It has been traded up ever since and it continues to go there. Even yesterday it went over from $6 to $6.50, and I do not know where it is now. I am just saying that it is moving in the right direction. I will say this as well. The Vietnamese dong at this point is within 6% to 8% of the Iraqi dinar. It should stay there within 6% to 8% because they are trying to level the playing field with the dinar, the dong, and I do not know how many other currencies are going to be that close on par, but I do know those two are relatively close. You can forget all that .47 cents for the dong...because it is going to be much higher than that. [post 1 of 2....stay tuned]
12-5-2018 Newshound Guru MilitiaMan Article: “The 2018 Annual Conference of the Central Bank of Iraq .... The harvest of achievements and the start of the development process for the year 2019” Timing for the 10th. They will end 2018 on the 10th and that happens to be a Holiday announced yesterday. It is expected based on the above they'll have a new government cabinet and start the process of economic reform. ...Nusairi...says Alak and his teams have made exceptional efforts in restoring relations in the Arab and Foreign Central Banks over the past four years. The CBI has met with the UN, WB and IMF which is telling us the CBI has strengthened the CBIs economic resilience and achieved financial victory. [post 1 of 2....stay tuned]
12-5-2018 Newshound Guru Kaperoni The launch of "golden opportunity" summit with 50 international companies has begun in Iraq.
12-5-2018 Newshound/Intel Guru Mnt Goat Article: "A "GOLDEN OPPORTUNITY" FOR IRAQI RECONSTRUCTION" Quote: "...WILL OPEN THE WAY FOR PRESENTING LARGE RECONSTRUCTION OPPORTUNITIES TO INVESTMENT COMPANIES..." Oh – yet another investment conference. ...There are still 111 bills carried over form the last parliament that need to be addresses. Many of these bills relieve the barriers in doing business within Iraq. So they can have all of these investment conferences they want but until they get these bills passed they are still going nowhere. Too bad they just can’t seem to work together to get this country moving forward. We can appreciate all that Hader al-Abadi did and so let’s not cut him short on his accomplishments.
12-5-2018 Intel Guru Footforward To be clear, it's my opinion the rate will be well above 86 cents...
12-5-2018 Newshound/Intel Guru Mnt Goat I agree with Kap [Guru Kaperoni] in that the CBI has told us this is a 3 year process. So we are now at the end of this process. In fact if we get out of this year we have passed it. But remember the CBI just can’t trigger the event in a day and expect to transition the currency over that same day. It takes time and there are mechanisms to put in place over months if not years. One such mechanism was “electronic banking”. Another we can clearly see was the ATMs. In March-Oct we witnessed yet another the effort to get the people over to using the lower category notes. But this third mechanism only works because these other two mechanisms were already in place. If you are studying this process to delete the zeros you can clearly see the progression of what the CBI is doing to get them to the reinstatement timeframe.
12-5-2018 Intel Guru Bruce Sunday morning at 4 am Baghdad time which was 8 pm EST Saturday night that was the shot that was heard around the world. That was the term it was called. It is supposed to have been a 3 day turn before we get a pretty close heads up we are about ready to go. That would put us somewhere between now and tomorrow morning [Wednesday]. I am just going to say this is not definitive exactly what the timing is. However, it is a good indicator things are moving right along. We know Iraq is supposed to put everything tomorrow into the Gazette. I believe it will include a rate. ...Then I think we are very close. [post 2 of 2]
12-5-2018 Intel Guru Bruce We are getting down to the very end. ...Iraq on Sunday morning...took their rate and made it tradable...and in 8 seconds after it was on the Forex available to be traded, it was traded up. It has been traded up ever since and it continues to go there. Even yesterday it went over from $6 to $6.50, and I do not know where it is now. I am just saying that it is moving in the right direction. I will say this as well. The Vietnamese dong at this point is within 6% to 8% of the Iraqi dinar. It should stay there within 6% to 8% because they are trying to level the playing field with the dinar, the dong, and I do not know how many other currencies are going to be that close on par, but I do know those two are relatively close. You can forget all that .47 cents for the dong...because it is going to be much higher than that. [post 1 of 2....stay tuned]
12-4-2018 Newshound Guru Kaperoni ...the 2% rule has nothing to do with the choice of float...the 2% rule has to do with stability within Iraq and keeping the dinar exchange rate consistant within the country...the 2% rule is meant to eliminate MCPs within the country...not related at all to the nominal exchange rate of the currency...unfortuately many people do not understand the terminology used by the IMF and others related to monetary policy...an example is MCPs or Multiple Currency Practice...MCP does not mean two currencies or dinar and dollar as some like to say. It means the price of an Item in one part of the country vs the price of the same item in another part.
12-4-2018 Guest Guru Doc.K [Guru ChrisC...Why does everyone think decimal places equals fils? Using fils at this rate would be ludicrous. If we don't see that decimal point move to the left, I don't get what we are dancing about.] In order to have parity or an exchange rate with a major currency, they need to change to the same 2 place decimal system to convert. i.e. The USD does not have $1.259 it is only $1.25 or $1.26. This forces them to use a fraction of a dinar ( a fil = the metals) in the market place and INTERNATIONALLY. They are not dealing with WHOLE #s anymore as in $1 usd = 1200 dinars.
12-4-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament delays vote on unfilled cabinet positions. Iraqi Parliament meeting to approve unfilled cabinet positions ends in chaos & shouting among political blocs.
12-4-2018 Newshound Guru Kaperoni [And The reason why the IMF is still preventing Iraq to become ARTICLE VIII?] They are in compliance now but have not had their 2018 Article IV Consultation yet because the government has not been officially formed. Though not a requirement, I do expect this consultation to occur before any move to Article VIII.
12-4-2018 Newshound Guru Kirk H. Sowell So they managed quorum after all, with 168 MPs, parliament is meeting. But quorum is 165 so that's a very narrow margin of error if they try to hold a vote, just four could walk out and break quorum.
12-4-2018 Intel/Newshound Guru sandyf ...Although what Kap [Guru Kaperoni] says is perfectly valid I would not agree. Floating the currency would not be a normal course of action for an emerging economy. Egypt was pushed into a float and look what happened...I doubt if that is what people want to see. It is not only emerging economies at risk, the Russian Rouble became fully convertible in 2006 but avoided the risk of floating until 2014, again a significant drop in currency value. ...I for one would hope that Iraq does not face similar problems.
12-4-2018 Newshound/Intel Guru RVAlready I think it is a good week for Allaq to push the button. They really need the RV to move forward…So much of what they want to do needs money. The RV will supply that.
12-4-2018 Newshound Guru Kirk H. Sowell So today may be a big day in #Iraq politics, with parliament scheduled to meet...with completing the cabinet of PM Adil Abd al-Mahdi on the agenda. Or maybe it will wimper & fail to make quorum, or just skip the cabinet votes & be nothing.
12-4-2018 Guest Guru Doc.K [Guru ChrisC...Why does everyone think decimal places equals fils? Using fils at this rate would be ludicrous. If we don't see that decimal point move to the left, I don't get what we are dancing about.] In order to have parity or an exchange rate with a major currency, they need to change to the same 2 place decimal system to convert. i.e. The USD does not have $1.259 it is only $1.25 or $1.26. This forces them to use a fraction of a dinar ( a fil = the metals) in the market place and INTERNATIONALLY. They are not dealing with WHOLE #s anymore as in $1 usd = 1200 dinars.
12-4-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament delays vote on unfilled cabinet positions. Iraqi Parliament meeting to approve unfilled cabinet positions ends in chaos & shouting among political blocs.
12-4-2018 Newshound Guru Kaperoni [And The reason why the IMF is still preventing Iraq to become ARTICLE VIII?] They are in compliance now but have not had their 2018 Article IV Consultation yet because the government has not been officially formed. Though not a requirement, I do expect this consultation to occur before any move to Article VIII.
12-4-2018 Newshound Guru Kirk H. Sowell So they managed quorum after all, with 168 MPs, parliament is meeting. But quorum is 165 so that's a very narrow margin of error if they try to hold a vote, just four could walk out and break quorum.
12-4-2018 Intel/Newshound Guru sandyf ...Although what Kap [Guru Kaperoni] says is perfectly valid I would not agree. Floating the currency would not be a normal course of action for an emerging economy. Egypt was pushed into a float and look what happened...I doubt if that is what people want to see. It is not only emerging economies at risk, the Russian Rouble became fully convertible in 2006 but avoided the risk of floating until 2014, again a significant drop in currency value. ...I for one would hope that Iraq does not face similar problems.
12-4-2018 Newshound/Intel Guru RVAlready I think it is a good week for Allaq to push the button. They really need the RV to move forward…So much of what they want to do needs money. The RV will supply that.
12-4-2018 Newshound Guru Kirk H. Sowell So today may be a big day in #Iraq politics, with parliament scheduled to meet...with completing the cabinet of PM Adil Abd al-Mahdi on the agenda. Or maybe it will wimper & fail to make quorum, or just skip the cabinet votes & be nothing.
12-3-2018 Newshound Guru Kaperoni Looks like PM Mahdi will present the rest of his cabinet at tomorrow's parliament session.
12-3-2018 Newshound Guru MilitiaMan "Baghdad calls on Washington to cooperate in activating the terms of the Strategic Framework Agreement” ...the SFA...is a check list that has been a work in progress since 01/01/2009 and is still imo in effect, as noted above and will continue. The items show us that they have completed many many things and we just...yesterday indicators of direct investment..., yesterdays Tweet by Mahdi about Visas and...on Passports. If the item is in the SFA and being openly talked about now, is a good sign things are coming together very quickly now. Well the SFA is about implementation of reforms.. Very very very good timing and it all loks like they are now asking to be released to fly with the new categories. WS [Guru Walkingstick] post suggests they got the go ahead 12/02/2018, imo.. We shall see.
12-3-2018 Newshound/Intel Guru RVAlready [Tomorrow is the day for the vote on the final Iraqi ministers.] There is always a fight in Iraq over the cabinet. Nothing new here. The folks saying delay tomorrow...just their personal opinion. I think they will finish most or all of the posts tomorrow… The Secretary General of the UN is led there, adding his support.
12-3-2018 Newshound Guru Stryker The time has finally come for the CBI and GOI to deleting the zeros but will they do it? (economic and political stability = 2019 Budget)
12-3-2018 Newshound/Intel Guru Mnt Goat Article: "THE FUTURE OF THE IRAQI DINAR" So here we go...This article is more explanation of the process to delete the zeros. This is part of the re-education process that had to take place prior to the EARLY 2019 reinstatement occurring. So here we have yet more evidence the CBI is finally doing this education campaign.
12-3-2018 Newshound Guru ChrisC "Iraqi Dinar Exchange Worldwide 4:00 AM Baghdad Time"
US Dollar
1 USD = 1,191.0000 Iraqi Dinar
1 Iraqi Dinar = 0.0008 USD
I have been watching this and not saying anything for several days, but why is everyone so worked up over decimal points? If we are going to the left, the 190 will occupy the three decimal places for the fils. Not sure what seeing three zeros the other way does for us. Actually makes me a touch nervous.
12-3-2018 Newshound Guru Kaperoni Iraq is not in IMF Article VIII as of yet. Believe me when i say this...when Iraq changes the exchange rate regime and moves to Article VIII you will hear it from me first.
12-3-2018 Newshound Guru MilitiaMan Quote: "Iraqi Dinar Exchange Worldwide 4:00 AM Baghdad Time" December 2, 2018 1:21 am" (EST), was the time that this was brought to us. imo. All those countries moved money into the IQD...? They have to have had good reason and will, to take such risk. Or was there risk? Not likely if the amount of money was in trillions. Tying up 100s of billions let alone potentially trillions, is not going to be taking lightly by those doing so. Thus, even if in 100s of billions, that money is not going to be there long without a darn good reason...Large reasons!! lol. There comes a time when a deal(s) has/have to be disclosed. 4:00 am 12/2/2018? Was that the shot heard around the world today? We shall see if the old 72 hr is real effective, exchangeable at an international rate or not. imo.
12-3-2018 Newshound Guru MilitiaMan "Baghdad calls on Washington to cooperate in activating the terms of the Strategic Framework Agreement” ...the SFA...is a check list that has been a work in progress since 01/01/2009 and is still imo in effect, as noted above and will continue. The items show us that they have completed many many things and we just...yesterday indicators of direct investment..., yesterdays Tweet by Mahdi about Visas and...on Passports. If the item is in the SFA and being openly talked about now, is a good sign things are coming together very quickly now. Well the SFA is about implementation of reforms.. Very very very good timing and it all loks like they are now asking to be released to fly with the new categories. WS [Guru Walkingstick] post suggests they got the go ahead 12/02/2018, imo.. We shall see.
12-3-2018 Newshound/Intel Guru RVAlready [Tomorrow is the day for the vote on the final Iraqi ministers.] There is always a fight in Iraq over the cabinet. Nothing new here. The folks saying delay tomorrow...just their personal opinion. I think they will finish most or all of the posts tomorrow… The Secretary General of the UN is led there, adding his support.
12-3-2018 Newshound Guru Stryker The time has finally come for the CBI and GOI to deleting the zeros but will they do it? (economic and political stability = 2019 Budget)
12-3-2018 Newshound/Intel Guru Mnt Goat Article: "THE FUTURE OF THE IRAQI DINAR" So here we go...This article is more explanation of the process to delete the zeros. This is part of the re-education process that had to take place prior to the EARLY 2019 reinstatement occurring. So here we have yet more evidence the CBI is finally doing this education campaign.
12-3-2018 Newshound Guru ChrisC "Iraqi Dinar Exchange Worldwide 4:00 AM Baghdad Time"
US Dollar
1 USD = 1,191.0000 Iraqi Dinar
1 Iraqi Dinar = 0.0008 USD
I have been watching this and not saying anything for several days, but why is everyone so worked up over decimal points? If we are going to the left, the 190 will occupy the three decimal places for the fils. Not sure what seeing three zeros the other way does for us. Actually makes me a touch nervous.
12-3-2018 Newshound Guru Kaperoni Iraq is not in IMF Article VIII as of yet. Believe me when i say this...when Iraq changes the exchange rate regime and moves to Article VIII you will hear it from me first.
12-3-2018 Newshound Guru MilitiaMan Quote: "Iraqi Dinar Exchange Worldwide 4:00 AM Baghdad Time" December 2, 2018 1:21 am" (EST), was the time that this was brought to us. imo. All those countries moved money into the IQD...? They have to have had good reason and will, to take such risk. Or was there risk? Not likely if the amount of money was in trillions. Tying up 100s of billions let alone potentially trillions, is not going to be taking lightly by those doing so. Thus, even if in 100s of billions, that money is not going to be there long without a darn good reason...Large reasons!! lol. There comes a time when a deal(s) has/have to be disclosed. 4:00 am 12/2/2018? Was that the shot heard around the world today? We shall see if the old 72 hr is real effective, exchangeable at an international rate or not. imo.
12-2-2018 Newshound/Intel Guru Mnt Goat ...Iraq can not RV the currency. The CBI must first reinstate the currency back on the exchanges. Any significant change in value (RV) will come from a managed float afterwards. So the reinstatement must take place first...this new development of not using the US dollar for trade with Iran may be our saving grace and force the CBI to do something soon...
12-2-2018 Newshound/Intel Guru David M. Witty In Iraq, PM Abdel-Mahdi looking at names of 28 candidates for Defense Minister, among them former Speaker of Parliament Jabouri.
12-2-2018 Newshound Guru Kaperoni Investors will do business with Iraq no matter what the exchange rate is as long as the CBI is an Article VIII. The key is that firms that invest in Iraq are able to get their profits out.
12-2-2018 Intel Guru Frank26
HEADINGS
Exchange Iraqi dinar globally 4:00 AM Baghdad time
Iraqi Dinar Exchange Worldwide 4:00 AM Baghdad Time
foreign currency
US Dollar
1 USD = 1,191.0000 Iraqi Dinar
1 Iraqi Dinar = 0.0008 USD
...WHAT WAS ONCE BEING TESTED...LAST YEAR WITH WS'S [Gruu Walkingstick] FIRM AND BANKS...IS NO LONGER ...INSTEAD NOW BEING IMPLEMENTED PERMANENTLY
12-2-2018 Newshound/Intel Guru Mnt Goat The CBI MUST change its program rate to legitimize this rate change after so many days, according to meeting Article 8 requirements. ...If it does not it will not be within the 2% mandatory compliance as set under Article 8. ...The question is for how long can the CBI hold off until they must change the program rate to stay within compliance to Article 8? So far it has been a week already and they have not done so. ...We have also heard rumors that the 120 :1 is now showing up on the ISX...it is NOT TRUE! ...We could be in for a nice Christmas if all goes well...I do know there is a target for LATE Dec to EARLY Jan... [post 2 of 2]
12-2-2018 Newshound/Intel Guru Mnt Goat Is the dinar really already 120 : 1 in Iraq? ...this may have been just a wild and wide swing in the marketplace in very isolated towns due to the sudden shift from the currency auctions when the decision came out to use dinar in place of the US dollar for trade with Iran. ...So then the dinar rate could rise against the US dollar and swing very suddenly. It may have done this last week... [post 1 of 2....stay tuned]
12-2-2018 Newshound Guru Kaperoni [Isn’t article 8 the reinstatement of their currency on to international trading platforms?] No. It is a standard of banking practice. The dinar is international now, just most if not all banks choose not to trade or do business with until that standard is met.
12-2-2018 Newshound/Intel Guru David M. Witty In Iraq, PM Abdel-Mahdi looking at names of 28 candidates for Defense Minister, among them former Speaker of Parliament Jabouri.
12-2-2018 Newshound Guru Kaperoni Investors will do business with Iraq no matter what the exchange rate is as long as the CBI is an Article VIII. The key is that firms that invest in Iraq are able to get their profits out.
12-2-2018 Intel Guru Frank26
HEADINGS
Exchange Iraqi dinar globally 4:00 AM Baghdad time
Iraqi Dinar Exchange Worldwide 4:00 AM Baghdad Time
foreign currency
US Dollar
1 USD = 1,191.0000 Iraqi Dinar
1 Iraqi Dinar = 0.0008 USD
...WHAT WAS ONCE BEING TESTED...LAST YEAR WITH WS'S [Gruu Walkingstick] FIRM AND BANKS...IS NO LONGER ...INSTEAD NOW BEING IMPLEMENTED PERMANENTLY
12-2-2018 Newshound/Intel Guru Mnt Goat The CBI MUST change its program rate to legitimize this rate change after so many days, according to meeting Article 8 requirements. ...If it does not it will not be within the 2% mandatory compliance as set under Article 8. ...The question is for how long can the CBI hold off until they must change the program rate to stay within compliance to Article 8? So far it has been a week already and they have not done so. ...We have also heard rumors that the 120 :1 is now showing up on the ISX...it is NOT TRUE! ...We could be in for a nice Christmas if all goes well...I do know there is a target for LATE Dec to EARLY Jan... [post 2 of 2]
12-2-2018 Newshound/Intel Guru Mnt Goat Is the dinar really already 120 : 1 in Iraq? ...this may have been just a wild and wide swing in the marketplace in very isolated towns due to the sudden shift from the currency auctions when the decision came out to use dinar in place of the US dollar for trade with Iran. ...So then the dinar rate could rise against the US dollar and swing very suddenly. It may have done this last week... [post 1 of 2....stay tuned]
12-2-2018 Newshound Guru Kaperoni [Isn’t article 8 the reinstatement of their currency on to international trading platforms?] No. It is a standard of banking practice. The dinar is international now, just most if not all banks choose not to trade or do business with until that standard is met.
12-1-2018 Newshound/Intel Guru Mnt Goat [...Have you had any direct contact with you CBI source to confirm that they are on track for late Dec or early 2019? The news you present is extremely exciting and is falling into place just like you predicted.] yes, and yes... However they must get this govt formed and they must keep Iranian influence out of it. This is now what the CBI is waiting for. So if this all lines up in late Dec, EARLY Jan I am hearing they will do it.
12-1-2018 Intel Guru Footforward [...Do think the dinar will revalue or am I living a fantasy? Should I get rid of it?] I can't tell you what to do. But I'm not getting rid of mine and I'm buying more. I believe this will happen.
12-1-2018 Newshound Guru Kaperoni The best we can hope for is the CBI moves to Article VIII under the IMF. Then float the currency as investors begin to rebuild Iraq. Only then as investors/investment comes into Iraq can the dinar begin to appreciate gradually. This is a process not a overnight event...
12-1-2018 Newshound/Intel Guru Mnt Goat 3) Just prior to the event they begin the slow education to the citizens and we are now witnessing this event once again. We are getting very close... I do not believe the CBI will just launch all the newer smaller category notes all at once. But rather they will slowly phase in the newer notes (5, 10,25,50,100) and fils (coins) as the economy dictates... Yes, I can now truly say we are now entering this window of opportunity but we must be patient and just wait for FACTUAL news to come out. [post 2 of 2]
12-1-2018 Newshound/Intel Guru Mnt Goat So I already proved to everyone why the end of the year (late Dec or EARLY Jan) is the BEST and MOST OPPORTUNE time period for Iraq to drop the zeros and then reinstate the currency. 1) Jan 1st is the beginning of the financial fiscal year within Iraq... 2) In ALL, and I mean ALL, of the previous, legitimate periods to reinstate the currency, they CBI always planned within LATE December to EARLY January to do it. This is well documented and FACTUAL periods... [post 1 of 2....stay tuned]
12-1-2018 Intel Guru RayRen98 Rates are "at it" again. [Ray told us that rates were fluctuating yesterday; therefore, they must be fluctuating again today.]
12-1-2018 Intel Guru Footforward [...Do think the dinar will revalue or am I living a fantasy? Should I get rid of it?] I can't tell you what to do. But I'm not getting rid of mine and I'm buying more. I believe this will happen.
12-1-2018 Newshound Guru Kaperoni The best we can hope for is the CBI moves to Article VIII under the IMF. Then float the currency as investors begin to rebuild Iraq. Only then as investors/investment comes into Iraq can the dinar begin to appreciate gradually. This is a process not a overnight event...
12-1-2018 Newshound/Intel Guru Mnt Goat 3) Just prior to the event they begin the slow education to the citizens and we are now witnessing this event once again. We are getting very close... I do not believe the CBI will just launch all the newer smaller category notes all at once. But rather they will slowly phase in the newer notes (5, 10,25,50,100) and fils (coins) as the economy dictates... Yes, I can now truly say we are now entering this window of opportunity but we must be patient and just wait for FACTUAL news to come out. [post 2 of 2]
12-1-2018 Newshound/Intel Guru Mnt Goat So I already proved to everyone why the end of the year (late Dec or EARLY Jan) is the BEST and MOST OPPORTUNE time period for Iraq to drop the zeros and then reinstate the currency. 1) Jan 1st is the beginning of the financial fiscal year within Iraq... 2) In ALL, and I mean ALL, of the previous, legitimate periods to reinstate the currency, they CBI always planned within LATE December to EARLY January to do it. This is well documented and FACTUAL periods... [post 1 of 2....stay tuned]
12-1-2018 Intel Guru RayRen98 Rates are "at it" again. [Ray told us that rates were fluctuating yesterday; therefore, they must be fluctuating again today.]
11-30-2018 Newshound/Intel Guru Mnt Goat So now we are getting very close to the period when we can truly expect something might happen. Yes, we have arrived! So over the last month we see little bits and pieces of the mentioning of the “project to delete the zeros” in many of these articles. Why now? Why mention this project so much now? This project is on the minds of many as they know we are getting closer to the period when the CBI has promised many times already to deliver on their promises.
11-30-2018 Newshound/Intel Guru Mnt Goat I...cringe when I hear someone tell you that these damned VISA and MASTERCARDS are...international. So the Iraq citizens need a credit/debit cards to conduct business when shopping...some sort of credit/debit card to coincide with the electronic banking. ...This does not mean they can now take these cards and also use them abroad in their POS systems...these Iraqi cards are NOT...international ...At least not yet. But they do have this capability for the future. ...any new Iraqi credit or debit cards from VISA or MASTERCRAD is a move in the right direction and is everything we should be looking for now.
11-30-2018 Newshound Guru MilitiaMan Quote: "In Baghdad and in cities across Iraq, blocked off roads are being reopened, checkpoints removed and blast-walls dismantled, as Iraqis begin to build a peaceful, secure and prosperous future." They are showing the world they are on the offensive and the capital will be a place they will be able to freely move about equally.. Security and Stability... A very vital issue and barrier done for the people... All very good and the timing is perfect! IMO.
11-30-2018 Intel Guru Bruce [via PinkRoses]... we told you we were looking for everything to go into the Gazette on Wednesday from Iraq, and it did. Everything was put in there. We got confirmation on that...the G20...starts Saturday in Buenos Aires, Argentina...It is a (2) day meeting. ...the Prime Minister Xi in China, he wants this blessing as we tend to call it, the GCR, let’s call it the RV for our purposes, he wants this done well ahead of the G20 meeting on Saturday... It could be hours, a day. What we are saying is this is so close. ...I really think we are down to the point where we are up against the wall, and there is absolute desire to get this done now...Do not be surprised if something does happen by Saturday, before Saturday, on Saturday...because Saturday is December 1st, and we believe they want this done prior to that. Let’s see what happens.
11-30-2018 Intel Guru RayRen98 Rates were fluctuating today...was informed that they were testing the system. Hmmmmm? Time Will Tell All! A GOOD SOURCE SAYS, "INVITATIONAL EXCHANGES" ARE STARTING TO TAKE PLACE...TIME WILL TELL.
11-30-2018 Newshound/Intel Guru Mnt Goat I...cringe when I hear someone tell you that these damned VISA and MASTERCARDS are...international. So the Iraq citizens need a credit/debit cards to conduct business when shopping...some sort of credit/debit card to coincide with the electronic banking. ...This does not mean they can now take these cards and also use them abroad in their POS systems...these Iraqi cards are NOT...international ...At least not yet. But they do have this capability for the future. ...any new Iraqi credit or debit cards from VISA or MASTERCRAD is a move in the right direction and is everything we should be looking for now.
11-30-2018 Newshound Guru MilitiaMan Quote: "In Baghdad and in cities across Iraq, blocked off roads are being reopened, checkpoints removed and blast-walls dismantled, as Iraqis begin to build a peaceful, secure and prosperous future." They are showing the world they are on the offensive and the capital will be a place they will be able to freely move about equally.. Security and Stability... A very vital issue and barrier done for the people... All very good and the timing is perfect! IMO.
11-30-2018 Intel Guru Bruce [via PinkRoses]... we told you we were looking for everything to go into the Gazette on Wednesday from Iraq, and it did. Everything was put in there. We got confirmation on that...the G20...starts Saturday in Buenos Aires, Argentina...It is a (2) day meeting. ...the Prime Minister Xi in China, he wants this blessing as we tend to call it, the GCR, let’s call it the RV for our purposes, he wants this done well ahead of the G20 meeting on Saturday... It could be hours, a day. What we are saying is this is so close. ...I really think we are down to the point where we are up against the wall, and there is absolute desire to get this done now...Do not be surprised if something does happen by Saturday, before Saturday, on Saturday...because Saturday is December 1st, and we believe they want this done prior to that. Let’s see what happens.
11-30-2018 Intel Guru RayRen98 Rates were fluctuating today...was informed that they were testing the system. Hmmmmm? Time Will Tell All! A GOOD SOURCE SAYS, "INVITATIONAL EXCHANGES" ARE STARTING TO TAKE PLACE...TIME WILL TELL.
11-29-2018 Newshound Guru MilitiaMan Article: "260+ attend IBBC Iraq Reconstruction Conference" Quote: "IBBC welcomed 260+ delegates to Dubai to discuss ‘Iraq – Reconstruction & Rebuilding, how to deliver Vision’ with expert Industry, Government and International Organisations on 25th November" ...This is all about past tense as it is over now, as it is what was talked about, what was accomplished and with HUGE names involved.. This just shows go time is upon us. imo.
11-29-2018 Newshound Guru Mnt Goat Is the Iraqi currency International? ...let me debunk this rumor once again about any VISA or MASTERCARD going international and issued from an Iraqi bank. First, I will once again define what it means for a currency to be international: 1) for the IMF must recognize the currency under Article 8 of the UN member charter; 2) the currency MUST be tradable throughout the world not just in one area of the globe; 3)the currency, because it is recognized and traded around the globe, it is listed on the currency exchanges, where it is freely traded. Does it meet all of these conditions? Of course not...So these Iraqi cards are NOT yet really international yet. At least not yet. But they do have this capability for the future.
11-29-2018 Newshound Guru Kaperoni [...they have already reduced the money supply.] ...Wrong! This has not happened. If it did the auctions would be out of balance. As said last week from the CBI over 40 trillion is outside of the banks. Only when the dinar begins to rise gradually can the money supply be reduced...
11-29-2018 Intel Guru Footforward [...Is the RV EVER going to happen...?] Yes the RV is going to happen. Watch Iran. Iran is tied to a lot more then people think.
11-29-2018 Newshound Guru MilitiaMan Article: "The future of the Iraqi currency!" Quote: "It is possible that the value of the Iraqi currency against the US dollar, for example, that the employee who receives 1200 thousand dinars at the exchange rate 1200, the purchasing power of $ 1000 dollars and if the strengthening of the dinar equivalent to 500 dinars to the dollar will be purchasing power $ 2400 instead of $ 1000." What a GEM this is...All those relationships about the FILS make me smile! Stock Exchange = Fils, Receipt with Fils, CBI = Fils and now this! No denial!
11-29-2018 Newshound/Intel Guru Mnt Goat So I would not use this “alleged” past corruption at the CBI for any reason to hold up the reinstatement now. This is moving forward. From all my findings the hold up, if any, would be procedure and executing the mechanisms needed to bring this about. If I were you, I would watch for late December or early January for a reinstatement to occur. Again we are fast approaching that window. Remember in ALL the past recorded, legitimate, possible times to complete the project to delete the zeros and then lead to a reinstatement, it was for the late Dec and early Jan timeframes...The Iraqi fiscal financial year begins Jan 1st... [post 2 of 2]
11-29-2018 Newshound/Intel Guru Mnt Goat The news media is really playing up the water damage the lot of those dinars from the incident at the Rafidian bank in 2013. Now they want to extend this out to all the dinars stolen by the Nori al-Maliki administration and blame it on a coordinated criminal activity between the CBI governor and Maliki. There is one flaw with these articles. Ali Mohsen Al-Allaq did not take over the CBI until sometime in 2014. ...So why are they blaming Allaq for any corruption in 2013 or before? I happen to personally know a few people who can attest to Ali Mohsen Al-Allaq’s integrity and ...He is one of the most honest men I know and is a perfect fit for the position he is in at the CBI, with some help from Dr Shabibi to mentor him...He is an obstacle to the corruption and like Shababi they want to bring him down. [post 1 of 2....stay tuned]
11-29-2018 Newshound Guru Mnt Goat Is the Iraqi currency International? ...let me debunk this rumor once again about any VISA or MASTERCARD going international and issued from an Iraqi bank. First, I will once again define what it means for a currency to be international: 1) for the IMF must recognize the currency under Article 8 of the UN member charter; 2) the currency MUST be tradable throughout the world not just in one area of the globe; 3)the currency, because it is recognized and traded around the globe, it is listed on the currency exchanges, where it is freely traded. Does it meet all of these conditions? Of course not...So these Iraqi cards are NOT yet really international yet. At least not yet. But they do have this capability for the future.
11-29-2018 Newshound Guru Kaperoni [...they have already reduced the money supply.] ...Wrong! This has not happened. If it did the auctions would be out of balance. As said last week from the CBI over 40 trillion is outside of the banks. Only when the dinar begins to rise gradually can the money supply be reduced...
11-29-2018 Intel Guru Footforward [...Is the RV EVER going to happen...?] Yes the RV is going to happen. Watch Iran. Iran is tied to a lot more then people think.
11-29-2018 Newshound Guru MilitiaMan Article: "The future of the Iraqi currency!" Quote: "It is possible that the value of the Iraqi currency against the US dollar, for example, that the employee who receives 1200 thousand dinars at the exchange rate 1200, the purchasing power of $ 1000 dollars and if the strengthening of the dinar equivalent to 500 dinars to the dollar will be purchasing power $ 2400 instead of $ 1000." What a GEM this is...All those relationships about the FILS make me smile! Stock Exchange = Fils, Receipt with Fils, CBI = Fils and now this! No denial!
11-29-2018 Newshound/Intel Guru Mnt Goat So I would not use this “alleged” past corruption at the CBI for any reason to hold up the reinstatement now. This is moving forward. From all my findings the hold up, if any, would be procedure and executing the mechanisms needed to bring this about. If I were you, I would watch for late December or early January for a reinstatement to occur. Again we are fast approaching that window. Remember in ALL the past recorded, legitimate, possible times to complete the project to delete the zeros and then lead to a reinstatement, it was for the late Dec and early Jan timeframes...The Iraqi fiscal financial year begins Jan 1st... [post 2 of 2]
11-29-2018 Newshound/Intel Guru Mnt Goat The news media is really playing up the water damage the lot of those dinars from the incident at the Rafidian bank in 2013. Now they want to extend this out to all the dinars stolen by the Nori al-Maliki administration and blame it on a coordinated criminal activity between the CBI governor and Maliki. There is one flaw with these articles. Ali Mohsen Al-Allaq did not take over the CBI until sometime in 2014. ...So why are they blaming Allaq for any corruption in 2013 or before? I happen to personally know a few people who can attest to Ali Mohsen Al-Allaq’s integrity and ...He is one of the most honest men I know and is a perfect fit for the position he is in at the CBI, with some help from Dr Shabibi to mentor him...He is an obstacle to the corruption and like Shababi they want to bring him down. [post 1 of 2....stay tuned]
11-28-2018 *** Dinar Guru News Update *** [CBI Updated again today] After a fourteen day delay, the CBI reported the market rate for the Iraqi Dinar from November 14th to the 27th [They updated again today 28th as too]...something is different. Starting on the 14th they began reporting the Dollar Exchange Rate / in IRAQ Markets. Previously the market rate was reported in the Baghdad Markets. You'll also notice the Official Market Rate listed in the left column of this page now contains 3 decimal places...the previously reported rate did not contain decimal places. Today's 1194.197 reported market rate is the strongest the market rate has been in nearly 2 years. Stay tuned as the gurus chime in to discuss the significance of these Central Bank of Iraq changes...the latest guru posts will continue below...
11-28-2018 Newshound Guru Kaperoni [Do you still think the start of the float of the dinar will happen this year?] Im hoping...but i am waiting for some things to happen first..completion of new goi, IMF consultation.
11-28-2018 Intel Guru ADMINBill This could be a very interesting week.
11-28-2018 Newshound/Intel Guru Mnt Goat Do they then begin to use the newer even lower denominated small category notes and finally trigger this deletion the zeros project? This will mean a 1:1 within Iraq and a reinstatement of the dinar. But do they have the support of the IMF and the USA to reinstate the dinar and do it now? Remember these small category notes are already printed in volume and stored as needed to support the economy of Iraq and for trade. So this piece is already in place and there will be no additional expense to the CBI. ...So here we sit waiting and watching to see what the CBI will do. [post 2 of 2]
11-28-2018 Newshound/Intel Guru Mnt Goat I do know for a FACT that they already recalled and burned over 2/3 of the three zero notes. How do I know this is FACT? BECAUSE THEY TOLD THE PUBLIC OF IRAQ IN THE NEWS MEDIA this is why. The move to electronic banking did allow for the conversion of paper to electronic digital. So they could just then burn the paper. ...So reduce the notes in circulation means to take them out the hands of the general public and the banks. ...The remaining 1/3 will be used for trade and inter-banking transactions. They have told us this many times. Oh- but now they have a dilemma. Seems they told us they decided to trade exclusively with dinar with Iran due to the recent sanctions. So do they have enough dinar in circulation to do this? ...Seems to me they do not want to begin reprinting yet more larger 3 zero notes to fill this monetary gap with Iran. So what do they do? [post 1 of 2....stay tuned]
11-28-2018 Newshound Guru Kaperoni Iraq will float the dinar allowing market forces to dictate. As investment comes into Iraq, the exchange rate will rise. Balassa-Samuelson effect! I think most of us would be happy if the dinar ever equaled the dollar. It may, but not overnight. I want to remind people that the new Iraqi government with PM Mahdi is not official yet. Until the new Prime Minister completes his cabinet and parliament votes (confirms) them in. I do not expect any significant reforms to move forward until the government is official. I also do not expect the IMF to hold their Article IV Consultation with Iraq until the gov is official...as these reviews usually require gov commitments.
11-28-2018 Intel Guru Bruce We just got word today that tomorrow [Wednesday] morning, Iraq is going to put everything in the Gazette which we have been looking for awhile. ...I would also expect tomorrow Iraq to be saying “We are ready to do business with the world”. We are looking tomorrow for some form of rate to come out because they are ready to do business on their ISX and ESX platforms...We believe...the in-country rate on Iraq dinar will be a really good rate and we should feel comfortable going in to the exchanges for dinar... I think that we are at the point now everything is set and ready to go. I am very positive more than I have ever been...that we are right where we need to be for this to release. Let’s hope that is the case.
11-28-2018 Intel Guru Frank26 [In your opinion, why are they adding these 3 digits to the dinar value?] BECAUSE...THE MATHEMATICAL CALCULATIONS FOR THIS FRACTIONAL BANKING/ FRACTIONAL RATE PART...IS WAY DONE AND AGREED UPON...IMO...
11-28-2018 Newshound Guru MilitiaMan ...The CBI changing their site to the fractional system they are showing us now ( within 2 weeks) suggests they are or just about are ready to go with the conversion. ...Today they talked about Iraq taking her place at that top of the region where she was in the Glory days, imo... Yep, they have massive oil reserves and now they say they may very well be the number 1 in the world. So, while we wait for the cat and camel show seating the legitimate Cabinet we can sleep knowing the process is underway and coming to a rate NEER you...
11-28-2018 Intel Guru ADMINBill This could be a very interesting week.
11-28-2018 Newshound/Intel Guru Mnt Goat Do they then begin to use the newer even lower denominated small category notes and finally trigger this deletion the zeros project? This will mean a 1:1 within Iraq and a reinstatement of the dinar. But do they have the support of the IMF and the USA to reinstate the dinar and do it now? Remember these small category notes are already printed in volume and stored as needed to support the economy of Iraq and for trade. So this piece is already in place and there will be no additional expense to the CBI. ...So here we sit waiting and watching to see what the CBI will do. [post 2 of 2]
11-28-2018 Newshound/Intel Guru Mnt Goat I do know for a FACT that they already recalled and burned over 2/3 of the three zero notes. How do I know this is FACT? BECAUSE THEY TOLD THE PUBLIC OF IRAQ IN THE NEWS MEDIA this is why. The move to electronic banking did allow for the conversion of paper to electronic digital. So they could just then burn the paper. ...So reduce the notes in circulation means to take them out the hands of the general public and the banks. ...The remaining 1/3 will be used for trade and inter-banking transactions. They have told us this many times. Oh- but now they have a dilemma. Seems they told us they decided to trade exclusively with dinar with Iran due to the recent sanctions. So do they have enough dinar in circulation to do this? ...Seems to me they do not want to begin reprinting yet more larger 3 zero notes to fill this monetary gap with Iran. So what do they do? [post 1 of 2....stay tuned]
11-28-2018 Newshound Guru Kaperoni Iraq will float the dinar allowing market forces to dictate. As investment comes into Iraq, the exchange rate will rise. Balassa-Samuelson effect! I think most of us would be happy if the dinar ever equaled the dollar. It may, but not overnight. I want to remind people that the new Iraqi government with PM Mahdi is not official yet. Until the new Prime Minister completes his cabinet and parliament votes (confirms) them in. I do not expect any significant reforms to move forward until the government is official. I also do not expect the IMF to hold their Article IV Consultation with Iraq until the gov is official...as these reviews usually require gov commitments.
11-28-2018 Intel Guru Bruce We just got word today that tomorrow [Wednesday] morning, Iraq is going to put everything in the Gazette which we have been looking for awhile. ...I would also expect tomorrow Iraq to be saying “We are ready to do business with the world”. We are looking tomorrow for some form of rate to come out because they are ready to do business on their ISX and ESX platforms...We believe...the in-country rate on Iraq dinar will be a really good rate and we should feel comfortable going in to the exchanges for dinar... I think that we are at the point now everything is set and ready to go. I am very positive more than I have ever been...that we are right where we need to be for this to release. Let’s hope that is the case.
11-28-2018 Intel Guru Frank26 [In your opinion, why are they adding these 3 digits to the dinar value?] BECAUSE...THE MATHEMATICAL CALCULATIONS FOR THIS FRACTIONAL BANKING/ FRACTIONAL RATE PART...IS WAY DONE AND AGREED UPON...IMO...
11-28-2018 Newshound Guru MilitiaMan ...The CBI changing their site to the fractional system they are showing us now ( within 2 weeks) suggests they are or just about are ready to go with the conversion. ...Today they talked about Iraq taking her place at that top of the region where she was in the Glory days, imo... Yep, they have massive oil reserves and now they say they may very well be the number 1 in the world. So, while we wait for the cat and camel show seating the legitimate Cabinet we can sleep knowing the process is underway and coming to a rate NEER you...
11-27-2018 Intel Guru Delta ...REPORT FROM CBI ...BUY SELL IQD IN IRAQI MARKET....PATTERN CHANGED... 08-Nov 1204- 1200...LAST WEEK; 27-Nov 1194.446- 1193.953 ...THIS WEEK CBI IS SHOWING 3#S ... IMO...GETTING READY TO GO INTERNATIONAL ...
11-27-2018 Newshound/Intel Guru RVAlready ...allaq says he is ready to go, and the math has been done a million times over...they could do the RV now, and deal with the rest later…they have had years to get ready... i know it is a new parliament, but they should have arrived ready to do the job at hand…there was an article saying that mahdi was rejecting parliament's attempt to delay...he was going there today.
11-27-2018 Newshound Guru MilitiaMan I am of the view...that they are done with the cabinet, Barzani needed to be a part of the Interior and Defense pick... Clearly they had an agenda to hammer things out. Therefore, my view is that they did what they needed during Barzanis' visit to Baghdad (that btw went very well) prior to him going to Saudi Arabia and United Arab Emirates...In my view that the session for today or tomorrow was not an ordinary session. It was more like and extraordinary one, as Mahdi had a 24 hour window that was up Saturday, that got postponed and possibly due to the hammering out of the HCL. We know the oil has been increased and there are clearly agreements that happened to get that increase of recent...we literally watch to see if our view is correct or not.
11-27-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament says there will be no vote today on unfilled cabinet positions due to political differences. Vote delayed until next week. Security agencies resist opening Green Zone due to possibility of terrorist attack. New government seen as weak.
11-27-2018 Newshound/Intel Guru Mnt Goat ...I have said over and over again there are multiple steps to this process. The first step deletes the zeros and the second in the reinstatement which should significantly increase the value, the value we all want. At the current 1120 program rate they are worth about $20.75. At a futuristic reinstatement market rate in the USA @ $3.71, 25,000 x $3.71 = $92,750 USD. But this is the second step. Let’s not get ahead of ourselves. You may never even see the first step. Get it. So who the hell cares what happens inside Iraq? What you should be most concerned about is when do you get to go to the bank and if the bank will exchange the dinar for you. ...these notes will not expire (as in a lop) and will carry the new reinstatement rate of whatever it comes out to be on FOREX.
11-27-2018 Newshound/Intel Guru RVAlready ...allaq says he is ready to go, and the math has been done a million times over...they could do the RV now, and deal with the rest later…they have had years to get ready... i know it is a new parliament, but they should have arrived ready to do the job at hand…there was an article saying that mahdi was rejecting parliament's attempt to delay...he was going there today.
11-27-2018 Newshound Guru MilitiaMan I am of the view...that they are done with the cabinet, Barzani needed to be a part of the Interior and Defense pick... Clearly they had an agenda to hammer things out. Therefore, my view is that they did what they needed during Barzanis' visit to Baghdad (that btw went very well) prior to him going to Saudi Arabia and United Arab Emirates...In my view that the session for today or tomorrow was not an ordinary session. It was more like and extraordinary one, as Mahdi had a 24 hour window that was up Saturday, that got postponed and possibly due to the hammering out of the HCL. We know the oil has been increased and there are clearly agreements that happened to get that increase of recent...we literally watch to see if our view is correct or not.
11-27-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament says there will be no vote today on unfilled cabinet positions due to political differences. Vote delayed until next week. Security agencies resist opening Green Zone due to possibility of terrorist attack. New government seen as weak.
11-27-2018 Newshound/Intel Guru Mnt Goat ...I have said over and over again there are multiple steps to this process. The first step deletes the zeros and the second in the reinstatement which should significantly increase the value, the value we all want. At the current 1120 program rate they are worth about $20.75. At a futuristic reinstatement market rate in the USA @ $3.71, 25,000 x $3.71 = $92,750 USD. But this is the second step. Let’s not get ahead of ourselves. You may never even see the first step. Get it. So who the hell cares what happens inside Iraq? What you should be most concerned about is when do you get to go to the bank and if the bank will exchange the dinar for you. ...these notes will not expire (as in a lop) and will carry the new reinstatement rate of whatever it comes out to be on FOREX.
11-26-2018 Newshound Guru chattels Article: "To postpone the session of parliament for Tuesday of next week" Tuesday, 4/12/208.
11-26-2018 Newshound Guru MilitiaMan Article: "Halabousi discussed with the delegation of Baghdad Chamber of Commerce activation of the investment law and the establishment of an economic village" ...Well, we know every 3 letter agency of the world body were in Iraq last month, we have regional entities with the likes of the Secretary General of the Unity Council and components of th Arab league in Cairo about mining interests over the last few days. The above is about accelerating procedures...to help facilitate investors needs...
11-26-2018 Newshound/Intel Guru Mnt Goat The CBI has said many times they “fully” intend to keep the citizens informed of the status of the project to delete the zeros. They are doing just that. They seem to give period updates on the project. Just recently we received their latest update which said they are ready to do it and there is nothing more for the CBI to do. They are waiting on the GOI...
11-26-2018 Intel Guru RayRen98 Sunday Morning...Iraq announced that 360 billion Dinar was stolen from the CBI during Maliki's administration. Easier procedures for an international Visa was shared. Monday's Parliament session should have the votes for the final cabinet members.
11-26-2018 Intel/Newshound Guru sandyf ...Iraq is unlikely to redenominate for some time to come. Iraq is facing a problem that no other country looking to redenominate has had to deal with, a huge percentage of the currency being outside the country. It is highly unlikely that Iraq would ever redenominate under current circumstance as the repercussions could be quite significant. I live in the hope that steps will be taken to remove the currency outside Iraq from circulation which would then pave the way to redenomination...
11-26-2018 Newshound/Intel Guru David M. Witty Sources say Iraqi Parliament meeting to select names for unfilled minister positions delayed because of lack of agreement on nominees.
11-26-2018 Newshound Guru MilitiaMan Article: "Halabousi discussed with the delegation of Baghdad Chamber of Commerce activation of the investment law and the establishment of an economic village" ...Well, we know every 3 letter agency of the world body were in Iraq last month, we have regional entities with the likes of the Secretary General of the Unity Council and components of th Arab league in Cairo about mining interests over the last few days. The above is about accelerating procedures...to help facilitate investors needs...
11-26-2018 Newshound/Intel Guru Mnt Goat The CBI has said many times they “fully” intend to keep the citizens informed of the status of the project to delete the zeros. They are doing just that. They seem to give period updates on the project. Just recently we received their latest update which said they are ready to do it and there is nothing more for the CBI to do. They are waiting on the GOI...
11-26-2018 Intel Guru RayRen98 Sunday Morning...Iraq announced that 360 billion Dinar was stolen from the CBI during Maliki's administration. Easier procedures for an international Visa was shared. Monday's Parliament session should have the votes for the final cabinet members.
11-26-2018 Intel/Newshound Guru sandyf ...Iraq is unlikely to redenominate for some time to come. Iraq is facing a problem that no other country looking to redenominate has had to deal with, a huge percentage of the currency being outside the country. It is highly unlikely that Iraq would ever redenominate under current circumstance as the repercussions could be quite significant. I live in the hope that steps will be taken to remove the currency outside Iraq from circulation which would then pave the way to redenomination...
11-26-2018 Newshound/Intel Guru David M. Witty Sources say Iraqi Parliament meeting to select names for unfilled minister positions delayed because of lack of agreement on nominees.
11-25-2018 Newshound Guru MilitiaMan Article: "The Association of Iraqi Private Banks holds the course of Islamic Specialist in Governance and Compliance" There is a Customs and Tariffs Deadline by 11/30/2018 between Baghdad and Erbil to be imposed. Barzani has melted the Ice on the tension now. Oil is flowing through Ceyan at a double clip.. So seeing this compliance and risk certification for to satisfy Islamic Investors is finality for being ready to roll when the shift occurs in the internationally accepted IQD and investment related issues. imo.
11-25-2018 Intel Guru RayRen98 At Saturday's Parliament meeting, all cabinet-select names were submitted for consideration, including defense and interior ministers. The US has allowed Iraq some "energy only" exemptions regarding the sanctions imposed against Iran. Tougher US sanctions against Iran are being discussed. Parliament announced they will complete cabinet selections on Monday, no report was given on what they accomplished today. In order to be in compliance with the US sanctions against Iran, trading will be done with Dinars only. One US bank source is anticipating exchange activity on Monday (as they have before, so remain calm and cautious). Time Will Tell!
11-25-2018 Newshound Guru MilitiaMan "Parliament raises its meeting to next Monday and allocated for the completion of the ministerial cab" I think they may have seated the Cabinet and will finish up other Items Monday. ...We shall see...imo.
11-25-2018 Newshound Guru Adam Montana [Has there been any progress or any news at all on the HCL lately that you can confirm?] Yes, there has been steady progress regarding everything related to HCL. We couldn't have a complete HCL before the pieces were in place, the GOI ready, etc. Nobody will deny that Iraq has moved in the right direction.
11-25-2018 Intel Guru RayRen98 At Saturday's Parliament meeting, all cabinet-select names were submitted for consideration, including defense and interior ministers. The US has allowed Iraq some "energy only" exemptions regarding the sanctions imposed against Iran. Tougher US sanctions against Iran are being discussed. Parliament announced they will complete cabinet selections on Monday, no report was given on what they accomplished today. In order to be in compliance with the US sanctions against Iran, trading will be done with Dinars only. One US bank source is anticipating exchange activity on Monday (as they have before, so remain calm and cautious). Time Will Tell!
11-25-2018 Newshound Guru MilitiaMan "Parliament raises its meeting to next Monday and allocated for the completion of the ministerial cab" I think they may have seated the Cabinet and will finish up other Items Monday. ...We shall see...imo.
11-25-2018 Newshound Guru Adam Montana [Has there been any progress or any news at all on the HCL lately that you can confirm?] Yes, there has been steady progress regarding everything related to HCL. We couldn't have a complete HCL before the pieces were in place, the GOI ready, etc. Nobody will deny that Iraq has moved in the right direction.
11-24-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAQ- THE VALUE OF THE IRAQI DINAR INCREASED BY 9%" So for Iraq to compete with foreign products it must float the value of the dinar. This article demonstrates why. We know that they will NOT float the program rate as it is fixed and pegged to the US dollar. So something has to change and change VERY soon since Iraq just announced it is going to trade with Iran using solely dinars. Iran of course does not want dinars, as they feel they are not liquid enough and do not have the global purchasing power.
11-24-2018 Newshound/Intel Guru David M. Witty In Iraq, Baghdad's Green Zone to be open to civilian traffic starting tomorrow. First time Green Zone will have been opened since 2003.
11-24-2018 Newshound MilitiaMan [Do you think Iraq has to wait for the other countries that will be in the basket to RI or RV?] No. I do not.
11-24-2018 Newshound Guru Adam Montana Article: "Texas is about to create OPEC's worst nightmare" [How do you think this may affect the RV?] The article seems to indicate that the US is ramping up oil production, which will lower prices globally. Iraq may need to adjust their Budget, and maybe the potential RV amount will be reflected in that. Let's say they were to RV at $1, but oil is 30% lower than the former anticipated price, then the RV could come in at .70 as well. As far as timing of the RV, I see no concerns.
11-24-2018 Newshound/Intel Guru David M. Witty Iraqi Speaker of Parliament says next Parliament meeting on Monday will vote on unfilled cabinet positions.
11-24-2018 Newshound Guru chattels The dinar has the potential for a favorable return on investment. The question is when and or how much.
11-24-2018 Newshound/Intel Guru David M. Witty In Iraq, Baghdad's Green Zone to be open to civilian traffic starting tomorrow. First time Green Zone will have been opened since 2003.
11-24-2018 Newshound MilitiaMan [Do you think Iraq has to wait for the other countries that will be in the basket to RI or RV?] No. I do not.
11-24-2018 Newshound Guru Adam Montana Article: "Texas is about to create OPEC's worst nightmare" [How do you think this may affect the RV?] The article seems to indicate that the US is ramping up oil production, which will lower prices globally. Iraq may need to adjust their Budget, and maybe the potential RV amount will be reflected in that. Let's say they were to RV at $1, but oil is 30% lower than the former anticipated price, then the RV could come in at .70 as well. As far as timing of the RV, I see no concerns.
11-24-2018 Newshound/Intel Guru David M. Witty Iraqi Speaker of Parliament says next Parliament meeting on Monday will vote on unfilled cabinet positions.
11-24-2018 Newshound Guru chattels The dinar has the potential for a favorable return on investment. The question is when and or how much.
11-23-2018 Intel Guru RayRen98 [via sunny] ...we learned: Sadr wanting Alak to be fired; Barzani and Mahdi agreed cabinet needed to be completed ASAP; and a dinar source reporting new rates on the screens. . . Dinar reported to have gone from the $4 to $6. Hopefully it will be at least $6.
11-23-2018 Newshound Guru Bloodloch I believe Delta has this exactly right. Quote: "They’re going to give you a million dinars worth of LOWER DENOMINATIONS because remember what they’re trying to do here is they’re trying to use all this money supply." It takes about two months for Iraq to cycle through the face value of its outstanding currency supply. Akin to inventory turnover, the velocity of money is a nations' gross domestic product divided by its outstanding currency supply. In the case of Iraq, for 2017 that's roughly 234 Trillion divided by about 44 Trillion or 5.3 times per year, or about once every 2 months or so.
11-23-2018 Newshound/Intel Guru Mnt Goat Article: "CURRENCY STRUCTURE: CENTRAL BANK PREPARES TO DELETE 3 ZEROS OF IRAQI CURRENCY" Okay so here is the beginning of the re-education process I said would begin a months before the reinstatement would happen. Remember the CBI must first wait for the right environment to launch the rest of these lower smaller category notes. Now they are telling us the time is just around the corner. This is exactly what we wanted to hear and needed to hear at this time. So we are moving forward to late 2018 to early 2019 timeframe for a reinstatement. Remember as I said many times we will see a rate change within Iraq as close to 1000 dinars or lower per USD first, then the CBI must launch the smaller notes or the economy will not have any currency they can work with. So now we see the CBI program rate as record lows coming into this week and so we should expect it even much lower and then the launching of first the 25, 50 and 100 dinar notes, as promised would happen at this time. Stay tuned it is all good.
11-23-2018 Intel Guru Footforward It will not be a one to one exchange for us in my opinion. I have very good reason for that opinion. It's my opinion that it will be higher then that.
11-23-2018 Intel Guru Delta ...if you have a million dinar, and you go to the bank they’re not going to give you a 1,000 dinar because that’s a Lop. They’re going to give you a million dinars worth of LOWER DENOMINATIONS because remember what they’re trying to do here is they’re trying to use all this money supply. The only way you can do that is to raise the value starting with their employees because remember they’ll have to go back to 40-50% of the salaries to the government employees and any other employees and then Remember, you’re going to give them a million dinar and get a 1,000 dinar and that’s going to be worth the OLD million dinar which is worth $840 USD. And this is what they basically are trying to do. [post 2 of 2]
11-23-2018 Intel Guru Delta [via MilitiaMan] Article: "Al-Rafidain releases the salaries of local employees through MasterCard" Basically this project is very, very important because the people’s notes – there’s about 6 billion of them worth about 44 Trillion. So what they’re trying to do here is to basically reconstruct the currency. How is Iraq going to do it without them basically lopping the currency. They need to basically increase the value which is to lift the 000’s #1, and ...when they start doing that they’re going to adjust salaries. Now, here’s the catch here… [post 1 of 2....stay tuned]
11-23-2018 Newshound Guru Bloodloch I believe Delta has this exactly right. Quote: "They’re going to give you a million dinars worth of LOWER DENOMINATIONS because remember what they’re trying to do here is they’re trying to use all this money supply." It takes about two months for Iraq to cycle through the face value of its outstanding currency supply. Akin to inventory turnover, the velocity of money is a nations' gross domestic product divided by its outstanding currency supply. In the case of Iraq, for 2017 that's roughly 234 Trillion divided by about 44 Trillion or 5.3 times per year, or about once every 2 months or so.
11-23-2018 Newshound/Intel Guru Mnt Goat Article: "CURRENCY STRUCTURE: CENTRAL BANK PREPARES TO DELETE 3 ZEROS OF IRAQI CURRENCY" Okay so here is the beginning of the re-education process I said would begin a months before the reinstatement would happen. Remember the CBI must first wait for the right environment to launch the rest of these lower smaller category notes. Now they are telling us the time is just around the corner. This is exactly what we wanted to hear and needed to hear at this time. So we are moving forward to late 2018 to early 2019 timeframe for a reinstatement. Remember as I said many times we will see a rate change within Iraq as close to 1000 dinars or lower per USD first, then the CBI must launch the smaller notes or the economy will not have any currency they can work with. So now we see the CBI program rate as record lows coming into this week and so we should expect it even much lower and then the launching of first the 25, 50 and 100 dinar notes, as promised would happen at this time. Stay tuned it is all good.
11-23-2018 Intel Guru Footforward It will not be a one to one exchange for us in my opinion. I have very good reason for that opinion. It's my opinion that it will be higher then that.
11-23-2018 Intel Guru Delta ...if you have a million dinar, and you go to the bank they’re not going to give you a 1,000 dinar because that’s a Lop. They’re going to give you a million dinars worth of LOWER DENOMINATIONS because remember what they’re trying to do here is they’re trying to use all this money supply. The only way you can do that is to raise the value starting with their employees because remember they’ll have to go back to 40-50% of the salaries to the government employees and any other employees and then Remember, you’re going to give them a million dinar and get a 1,000 dinar and that’s going to be worth the OLD million dinar which is worth $840 USD. And this is what they basically are trying to do. [post 2 of 2]
11-23-2018 Intel Guru Delta [via MilitiaMan] Article: "Al-Rafidain releases the salaries of local employees through MasterCard" Basically this project is very, very important because the people’s notes – there’s about 6 billion of them worth about 44 Trillion. So what they’re trying to do here is to basically reconstruct the currency. How is Iraq going to do it without them basically lopping the currency. They need to basically increase the value which is to lift the 000’s #1, and ...when they start doing that they’re going to adjust salaries. Now, here’s the catch here… [post 1 of 2....stay tuned]
11-22-2018 Intel Guru Delta FROM IRAQI SOCIAL MEDIA .(wink) News of an agreement to raise the value of the Iraqi currency to become equal to the US dollar and cancel the 3 zeros as well...1000 IQD = 1000 USD. HAPPY THANKSGIVING FAMILY...DELTA
11-22-2018 Newshound Guru Adam Montana [Please tell us will this colored paper ever RV?] If I didn't believe it would, I would have sold all mine. That is not the case - I'm sitting tight, with my ...Dinar stash close at hand.
11-22-2018 Newshound/Intel Guru Mnt Goat But this higher rate of 120 dinars to the USD is the “market” rate. And so what will the CBI do next. They must maintain the 2% spread between market rate and the program rate. Will they adjust the program rate? This is the rate we really want to see change since the market rate could have massive temporary swings in relation to short-term swings in the currency auctions. So we wait and watch what the CBI does next before we get too excited. [post 2 of 2]
11-22-2018 Newshound/Intel Guru Mnt Goat ...we have rumors coming from Iraq of the dinar rate operating at 120 IQD/USD. Wow! ...This is amazing but before we...get too excited let’s look at what is really happening. ...this is nothing more than the initial shock from the lack of dollars coming out of the currency auctions. We know that when for any reason something effects the sale of dollars in these auctions it drives up the rate for the dinar since the dinar then is used more and thus a higher demand for it. Simple supply and demand ration. Right? [post 1 of 2....stay tuned]
11-22-2018 Newshound Guru Adam Montana The difference between the Lotto Pool and the Dinar...is..."luck". There is no "luck" involved, unless you were just lucky to have heard about it before it happens. At some point, we're all going to look back on this and say "Hot DAMN did we get lucky!" - but it's not really luck. Iraq still has a major portion of what is one of the most valuable commodities on the planet. Iraq has been torn down, beaten, and bruised...and then clawed it's way back to a very respectable place. If you're like me, you might be a little annoyed with the wait. But you also realize that the "wait" isn't unreasonable. It only seems like this has taken a long time because unrealistic expectations... Things happen in their own time, not on our time. The magic for us is when those two line up... and the signs are looking favorable.
11-22-2018 Newshound Guru Adam Montana [Please tell us will this colored paper ever RV?] If I didn't believe it would, I would have sold all mine. That is not the case - I'm sitting tight, with my ...Dinar stash close at hand.
11-22-2018 Newshound/Intel Guru Mnt Goat But this higher rate of 120 dinars to the USD is the “market” rate. And so what will the CBI do next. They must maintain the 2% spread between market rate and the program rate. Will they adjust the program rate? This is the rate we really want to see change since the market rate could have massive temporary swings in relation to short-term swings in the currency auctions. So we wait and watch what the CBI does next before we get too excited. [post 2 of 2]
11-22-2018 Newshound/Intel Guru Mnt Goat ...we have rumors coming from Iraq of the dinar rate operating at 120 IQD/USD. Wow! ...This is amazing but before we...get too excited let’s look at what is really happening. ...this is nothing more than the initial shock from the lack of dollars coming out of the currency auctions. We know that when for any reason something effects the sale of dollars in these auctions it drives up the rate for the dinar since the dinar then is used more and thus a higher demand for it. Simple supply and demand ration. Right? [post 1 of 2....stay tuned]
11-22-2018 Newshound Guru Adam Montana The difference between the Lotto Pool and the Dinar...is..."luck". There is no "luck" involved, unless you were just lucky to have heard about it before it happens. At some point, we're all going to look back on this and say "Hot DAMN did we get lucky!" - but it's not really luck. Iraq still has a major portion of what is one of the most valuable commodities on the planet. Iraq has been torn down, beaten, and bruised...and then clawed it's way back to a very respectable place. If you're like me, you might be a little annoyed with the wait. But you also realize that the "wait" isn't unreasonable. It only seems like this has taken a long time because unrealistic expectations... Things happen in their own time, not on our time. The magic for us is when those two line up... and the signs are looking favorable.
11-21-2018 Newshound Guru chattels We have fought the good fight, holding on to faith and good conscience, I think. We shall see what fate has in store for us. Hopefully sooner than later. Either way it would be most excellent to make an end to this journey.
11-21-2018 Newshound Guru Kirk H. Sowell #UPDATE: The Iraqi parliament is set to meet today, but confirmation of nominations to complete Abd al-Mahdi's cabinet (8 ministries are empty) is not on the schedule. There is talk on agreement on the non-security ministries, but even the others will not pass today.
11-21-2018 Intel Guru RayRen98 [via sunny] It's done it's finished! Trial runs have been initiated. We just wait for the call!
11-21-2018 Newshound/Intel Guru Mnt Goat Everyone should be VERY, VERY excited with the news I have to bring you today. The CBI has finally spoken to us and started the re-education campaign. I have a saying “the campaign is followed by the champaign” lol...lol...lol... This recent re-education is telling the citizens how the redenomination of the dinar will work. These articles today are not the end and there is more to come. Does this education sound familiar? It should as it is just like what they did in 2012? In fact, I am comparing the articles from back then and they are almost identical. So go figure. Or does it have the same sound as in late 2015? Oh – if you recall the CBI came out with almost the exact same articles and at the exact some timeframe prior to their proposed actions. In both past instances it was early to mid November for an EARLY new year reinstatement. We can only pray now that they do more forward all the way this time and do not postpone it again.
11-21-2018 Intel Guru Bruce [via PinkRoses] ...(10) tranches of (83) zeros each came from China and went globally around the world to various central banks so they can be distributed money into various banks for use for our exchanges. That is a lot of money...that has been put into the system for our exchanges. We did get confirmation today that Yes there is a new In-Country rate for Iraq. Understand this is the rate available for them on their cards, and the rate comes out at $6.78 in-country... Those cards were used and are being used now in Iraq today... Our rate on the front screens in the banks when we go in for exchanges and redemptions should be higher than that. I have been given an approximate range, but I do not want to go there. Trust me it will be higher than the rate in-country for Iraq. ... we do believe this will be a Thanksgiving weekend to remember.
11-21-2018 Newshound Guru Kaperoni ...Only when the CBI moves off the peg to a float and accepts Article VIII will we see a gradual rise occur.
11-21-2018 Newshound Guru Kirk H. Sowell #UPDATE: The Iraqi parliament is set to meet today, but confirmation of nominations to complete Abd al-Mahdi's cabinet (8 ministries are empty) is not on the schedule. There is talk on agreement on the non-security ministries, but even the others will not pass today.
11-21-2018 Intel Guru RayRen98 [via sunny] It's done it's finished! Trial runs have been initiated. We just wait for the call!
11-21-2018 Newshound/Intel Guru Mnt Goat Everyone should be VERY, VERY excited with the news I have to bring you today. The CBI has finally spoken to us and started the re-education campaign. I have a saying “the campaign is followed by the champaign” lol...lol...lol... This recent re-education is telling the citizens how the redenomination of the dinar will work. These articles today are not the end and there is more to come. Does this education sound familiar? It should as it is just like what they did in 2012? In fact, I am comparing the articles from back then and they are almost identical. So go figure. Or does it have the same sound as in late 2015? Oh – if you recall the CBI came out with almost the exact same articles and at the exact some timeframe prior to their proposed actions. In both past instances it was early to mid November for an EARLY new year reinstatement. We can only pray now that they do more forward all the way this time and do not postpone it again.
11-21-2018 Intel Guru Bruce [via PinkRoses] ...(10) tranches of (83) zeros each came from China and went globally around the world to various central banks so they can be distributed money into various banks for use for our exchanges. That is a lot of money...that has been put into the system for our exchanges. We did get confirmation today that Yes there is a new In-Country rate for Iraq. Understand this is the rate available for them on their cards, and the rate comes out at $6.78 in-country... Those cards were used and are being used now in Iraq today... Our rate on the front screens in the banks when we go in for exchanges and redemptions should be higher than that. I have been given an approximate range, but I do not want to go there. Trust me it will be higher than the rate in-country for Iraq. ... we do believe this will be a Thanksgiving weekend to remember.
11-21-2018 Newshound Guru Kaperoni ...Only when the CBI moves off the peg to a float and accepts Article VIII will we see a gradual rise occur.
11-20-2018 Newshound/Intel Guru Mnt Goat Article: "AGREEMENT TO RESUME THE EXPORT OF KIRKUK OIL BETWEEN THE IRAQI GOVERNMENT AND THE KURDISTAN REGION" Okay so let’s now look at HCL. We know the legislation is passed in parliament and the % is stated of “excess oil revenues”. The first payment was supposed to happen in early September but did not due to the new administration. It was postponed again until EARLY 2019. Sleh told us in an article that it would coincide with the release of some money from the billions in the Iraqi sovereign fund.
11-20-2018 Intel Guru Footforward The value of the dinar didn't go down over time. It happened instantly. It's going to go up instantly too.
11-20-2018 Intel Guru Frank26 [via Clare] Potus wants to deal with Iran & Mahdi is doing it for him... POTUS going to beat MR senseless on Mahdi... POTUS brokered export of Oil with Kurkut dealing with that & HCL...He wants citizens to get their share of wealth ...Iraq about to be flooded with Oil companies & jobs. Investment Law being pushed of precious minerals & metals to bring companies to establish mining in Iraq...more wealth...under HCL.
11-20-2018 Newshound Guru ChrisC Article quote: "The central Bank of Iraq, on Monday, unveiled the details of the "Currency structuring" project, which aims to eliminate 3 zeros, to facilitate currency trading." I am reading this and it sure sounds like the 2nd article. Is it not? I am wondering if Trump has already been over there for a congratulatory photo op and maybe we wake up to this and an announcement of the new asset backed currency. What do you think?
11-20-2018 Intel Guru Delta Article: "Structuring of the currency: the Central Bank is preparing to delete 3 zeros from the Iraqi currency" Quotes: "the draft currency structure aims to delete three zeros to turn the category of a thousand dinars to one dinar, while replacing the thousand dinars in the place of one million dinars."; "...stressing that "this project must be implemented despite the obstacles that led to the postponement."
11-20-2018 Newshound/Intel Guru Walkingstick 12 ------> 9 ...Trillions to Billions ...RD coupled with RV...moving forward -----> RI... Follow, the Turkmenistan model...
11-20-2018 Newshound Guru MilitiaMan [I believe Dr. Shabibi stated that the best time to revalue a currency is at the beginning of the year.] Yes that was many years ago and Alak is at the helm today, and not only times are different now but, circumstances are much better now than then... imo.
11-20-2018 Intel Guru Footforward The value of the dinar didn't go down over time. It happened instantly. It's going to go up instantly too.
11-20-2018 Intel Guru Frank26 [via Clare] Potus wants to deal with Iran & Mahdi is doing it for him... POTUS going to beat MR senseless on Mahdi... POTUS brokered export of Oil with Kurkut dealing with that & HCL...He wants citizens to get their share of wealth ...Iraq about to be flooded with Oil companies & jobs. Investment Law being pushed of precious minerals & metals to bring companies to establish mining in Iraq...more wealth...under HCL.
11-20-2018 Newshound Guru ChrisC Article quote: "The central Bank of Iraq, on Monday, unveiled the details of the "Currency structuring" project, which aims to eliminate 3 zeros, to facilitate currency trading." I am reading this and it sure sounds like the 2nd article. Is it not? I am wondering if Trump has already been over there for a congratulatory photo op and maybe we wake up to this and an announcement of the new asset backed currency. What do you think?
11-20-2018 Intel Guru Delta Article: "Structuring of the currency: the Central Bank is preparing to delete 3 zeros from the Iraqi currency" Quotes: "the draft currency structure aims to delete three zeros to turn the category of a thousand dinars to one dinar, while replacing the thousand dinars in the place of one million dinars."; "...stressing that "this project must be implemented despite the obstacles that led to the postponement."
11-20-2018 Newshound/Intel Guru Walkingstick 12 ------> 9 ...Trillions to Billions ...RD coupled with RV...moving forward -----> RI... Follow, the Turkmenistan model...
11-20-2018 Newshound Guru MilitiaMan [I believe Dr. Shabibi stated that the best time to revalue a currency is at the beginning of the year.] Yes that was many years ago and Alak is at the helm today, and not only times are different now but, circumstances are much better now than then... imo.
11-19-2018 Newshound/Intel Guru Mnt Goat Article: "AGREEMENT TO RESUME THE EXPORT OF KIRKUK OIL BETWEEN THE IRAQI GOVERNMENT AND THE KURDISTAN REGION" Oh boy! This was music to my ears when I heard this news. We have been waiting for this news. This is article 140 referendum implementation even though parliament has not yet passed it. Wow! Like I keep telling everyone we have been waiting for this to happen.
11-19-2018 Newshound Guru MilitiaMan Well the HCL of course...not to mention the citizens getting paid and possibly on International Master Cards, but, the money from all sales through the country will need a safe and secure way to settle payments.. Not just from the retail side of things but for very large payments by Oil Sales, and that the IBAN account will apparently be used in that process of clearing payments. ... They are methodically playing this hand to the T... they are showing that they have in place mechanisms now to cease the Auctions, as we know them. So this is all looking so very sweet. Wednesday this week is a powerful day for...Mahdi seating Cab [cabinet], possibly 2019 Budget and Alak in Parliament again... IF those are correct, they should be somethings to watch for.. imo. [post 2 of 2]
11-19-2018 Newshound Guru MilitiaMan Article quote: "Adoption of the unified banking number (IBAN) which contributes to improving the level of banking services and clearing services and settling payments locally and internationally." IBAN stands for International Bank Account Number. Now to Prime Minister Mahdi...has his expertise and many years of it and include Oil Minister and Finance Minster and now Prime Minister of Iraq. He has been around since the origination of the Paris Club, and had good relationship with the Kurds. Now we see the Kurds are happy, as they turned the oil back on through Ceyan Port to Turkey...back up to 500k barrels a day, as of this weekend... Why do I bring that up? [post 1 of 2....stay tuned]
11-19-2018 Intel Guru Frank26 Article: "Trump plans to visit Iraq" Quote: "US President Donald Trump said on Monday he plans to visit Iraq and Afghanistan in the future." "I have several plans, including the visit of US soldiers in Iraq and Afghanistan," ...LAST MONDAY...A WEEK AGO... WE... SUGGESTED IMO...THAT THIS WAS GOING TO HAPPEN...
11-19-2018 Newshound/Intel Guru Mnt Goat Article: "The Iraqi market for securities announced the launch of the circulation of national bonds issued by the Central Bank of Iraq category five million dinars." To me this means the intent if to be sold to Iraqi investors inside Iraq. It says absolutely NOTHING about selling these bonds on the international securities markets. ...So if you want to buy any of these bonds ou will have to go Iraq and trade within the Iraqi Securities Exchange. The exchange is NOT yet international...It is not all about the RV or a sign the RV is about to happen. We know from the past they sold bonds before and did we get an RV? NO! The significance of it is that they are now trading them directly on their own in-country securities market. Is this good news for us? Yes, yes, and yes, but is only one step closer to what we want. What we need is for their securities exchange market to go international. Then I would agree that this is BIG news. But not quite yet.
11-19-2018 Newshound/Intel Guru Randy Koonce I have been blessed with sources in several of the the well known 3 letter agencies. It seems that at least for now, all of my sources are once again saying the same thing. Our window is ‘wide open’ beginning right now though the end of November. Even if we don’t see it by then, that does not mean the window closes, but will simply remain open longer than we were told, and through the end of the year. Because of the sanctions on Iran, there is additional pressure for this to happen as soon as possible. It also seems that the plan is to reinstate the currency between $1- $2...then by the end of the year, to have it ‘established’ at the rate they plan to hold it at for some time. When we see a rate change, you will want to weigh you options and how you want to proceed based these suggested possibilities. ...we are in the final stages of this... I know this administration wants this to be over and now... so we are close...closer than we have ever been in a very long time. So, hang in there...It’s coming, one way or the other!! Breathe. [post 2 of 2]
11-19-2018 Newshound/Intel Guru Randy Koonce Well, it seems that the “USS Dinar” continues to sail. However, it does look like this ship is about to hopefully arrive in port very soon... First, are we [we are?] in a new window of opportunity ‘right now’. And I am sure that everyone is like me, and hoping that this will be our last window. When I say that, it again does not mean it will happen without a doubt in this current window; it does mean that there is a very good chance for the rate to finally change. The pressure for this to take place continues to be very great. ...Iraq has a new prime minister and nearly all of the cabinet seated. While there have been a lot of rumors flying about who is and who is not over the CBI right now, I do not believe that will impact ‘the event’ that appears to have been finally scheduled. [post 1 of 2....stay tuned]
11-19-2018 Newshound/Intel Guru Mnt Goat Article quote: "...parliament is moving to take measures TO RESTORE THE INDEPENDENCE OF THE CENTRAL BANK." I did not know the CBI lost its independence. Didn’t parliament pass a law last year establishing the independence of the CBI? So what is this all about? Will the CBI then be able to reinstate the currency too as needed? Quote: "the Governor of the Central Bank bears waste more than 7 Billion Iraqi dinars in circumstances attributed to the floods previously flooded the province of Baghdad. " Alak was not the governor of the CBI in 2013, the time of the incident….hello! ...But Alak did see the country thru the war with ISIS and managed the funds appropriately.
11-19-2018 Newshound Guru MilitiaMan Well the HCL of course...not to mention the citizens getting paid and possibly on International Master Cards, but, the money from all sales through the country will need a safe and secure way to settle payments.. Not just from the retail side of things but for very large payments by Oil Sales, and that the IBAN account will apparently be used in that process of clearing payments. ... They are methodically playing this hand to the T... they are showing that they have in place mechanisms now to cease the Auctions, as we know them. So this is all looking so very sweet. Wednesday this week is a powerful day for...Mahdi seating Cab [cabinet], possibly 2019 Budget and Alak in Parliament again... IF those are correct, they should be somethings to watch for.. imo. [post 2 of 2]
11-19-2018 Newshound Guru MilitiaMan Article quote: "Adoption of the unified banking number (IBAN) which contributes to improving the level of banking services and clearing services and settling payments locally and internationally." IBAN stands for International Bank Account Number. Now to Prime Minister Mahdi...has his expertise and many years of it and include Oil Minister and Finance Minster and now Prime Minister of Iraq. He has been around since the origination of the Paris Club, and had good relationship with the Kurds. Now we see the Kurds are happy, as they turned the oil back on through Ceyan Port to Turkey...back up to 500k barrels a day, as of this weekend... Why do I bring that up? [post 1 of 2....stay tuned]
11-19-2018 Intel Guru Frank26 Article: "Trump plans to visit Iraq" Quote: "US President Donald Trump said on Monday he plans to visit Iraq and Afghanistan in the future." "I have several plans, including the visit of US soldiers in Iraq and Afghanistan," ...LAST MONDAY...A WEEK AGO... WE... SUGGESTED IMO...THAT THIS WAS GOING TO HAPPEN...
11-19-2018 Newshound/Intel Guru Mnt Goat Article: "The Iraqi market for securities announced the launch of the circulation of national bonds issued by the Central Bank of Iraq category five million dinars." To me this means the intent if to be sold to Iraqi investors inside Iraq. It says absolutely NOTHING about selling these bonds on the international securities markets. ...So if you want to buy any of these bonds ou will have to go Iraq and trade within the Iraqi Securities Exchange. The exchange is NOT yet international...It is not all about the RV or a sign the RV is about to happen. We know from the past they sold bonds before and did we get an RV? NO! The significance of it is that they are now trading them directly on their own in-country securities market. Is this good news for us? Yes, yes, and yes, but is only one step closer to what we want. What we need is for their securities exchange market to go international. Then I would agree that this is BIG news. But not quite yet.
11-19-2018 Newshound/Intel Guru Randy Koonce I have been blessed with sources in several of the the well known 3 letter agencies. It seems that at least for now, all of my sources are once again saying the same thing. Our window is ‘wide open’ beginning right now though the end of November. Even if we don’t see it by then, that does not mean the window closes, but will simply remain open longer than we were told, and through the end of the year. Because of the sanctions on Iran, there is additional pressure for this to happen as soon as possible. It also seems that the plan is to reinstate the currency between $1- $2...then by the end of the year, to have it ‘established’ at the rate they plan to hold it at for some time. When we see a rate change, you will want to weigh you options and how you want to proceed based these suggested possibilities. ...we are in the final stages of this... I know this administration wants this to be over and now... so we are close...closer than we have ever been in a very long time. So, hang in there...It’s coming, one way or the other!! Breathe. [post 2 of 2]
11-19-2018 Newshound/Intel Guru Randy Koonce Well, it seems that the “USS Dinar” continues to sail. However, it does look like this ship is about to hopefully arrive in port very soon... First, are we [we are?] in a new window of opportunity ‘right now’. And I am sure that everyone is like me, and hoping that this will be our last window. When I say that, it again does not mean it will happen without a doubt in this current window; it does mean that there is a very good chance for the rate to finally change. The pressure for this to take place continues to be very great. ...Iraq has a new prime minister and nearly all of the cabinet seated. While there have been a lot of rumors flying about who is and who is not over the CBI right now, I do not believe that will impact ‘the event’ that appears to have been finally scheduled. [post 1 of 2....stay tuned]
11-19-2018 Newshound/Intel Guru Mnt Goat Article quote: "...parliament is moving to take measures TO RESTORE THE INDEPENDENCE OF THE CENTRAL BANK." I did not know the CBI lost its independence. Didn’t parliament pass a law last year establishing the independence of the CBI? So what is this all about? Will the CBI then be able to reinstate the currency too as needed? Quote: "the Governor of the Central Bank bears waste more than 7 Billion Iraqi dinars in circumstances attributed to the floods previously flooded the province of Baghdad. " Alak was not the governor of the CBI in 2013, the time of the incident….hello! ...But Alak did see the country thru the war with ISIS and managed the funds appropriately.
11-18-2018 Newshound Guru MilitiaMan Article: "The Stock Market Announces The Launch Of National Bond Trading" Quote: "The bonds will be launched on November 18 this year, for the first time in the Iraqi market for securities," They look to be international as I see it, and they are primarily for those that have very big money! Not for the little guy.. imo.. That is imo a good thing. Qualified Institutional Buyer's - (QIB).
11-18-2018 Newshound Guru Kaperoni There is over 42 trillion dinar outside the CBI. And there has been no reduction so far. If the dinar is going to appreciate in value the money supply must be reduced. The only way it could happen would be gradually...thus a float is the only real option. 42 Trillion dinar is a substantial amount...the U.S. only has about 1.2 trillion circulating around the world. No way could Iraq support a money supply 40 times the U.S. If a float is the solution, the dinar can rise gradually over time, as money comes into the Iraqi banks it can be collected and destroyed thus reducing the money supply from Trillions to Billions.
A RV or RI is not possible.
11-18-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANKS SHOULD CONSIDER ISSUING DIGITAL MONEY (electronic form NOT crypto currency), IMF'S LAGARDE SAYS" ...Lagarde is NOT talking about crypto currencies. She is talking about electronic currency much like the USA already adopted...the IMF wants other nations too to go more electronic. We have seen this effort in Iraq to convert them and it is successful and allows them to use the smaller category notes and moves them into the situation where they can even eventually issued more even smaller category notes.
11-18-2018 Newshound Guru Adam Montana ...Lots of great arguments for both this year and early 2019... I'll be happy with either, but root for a Christmas RV.
11-18-2018 Newshound/Intel Guru Mnt Goat Article: "Prime Minister Adel Abdul Mahdi, told President Barham Saleh that he would resign if the appointment process continues to sell ministries between the political blocs in his government." So now we know the hold up in getting the remaining ministers. Will they conduct the scheduled announcement and voting of the last 4 ministers next Tuesday Nov 20th or will this too be held up longer? Just in...The next session moved to Monday, 19/11 at one o’clock.” Go figure!
11-18-2018 Newshound/Intel Guru RVAlready Maliki is a bad guy. Unfortunately, lots of folks in Iraq respect him. ...I am sure Iran has some part in this. Nobody who is former PM or president of a country is easy to totally remove. They essentially have immunity for life, and they will always have followers. Hopefully, this will stop soon. I think Mahdi and Allaq will win the day... The bull is probably so thick right now, because the bad guys sense that Madhi and Allaq are about to win the day...The bad guys are just trying to sow confusion and dissent. [post 2 of 2]
11-18-2018 Newshound/Intel Guru RVAlready The bull is flying in Iraq today: Allaq and Mahdi are both resigning. (Yeah right). And I have a piece of swampland in a national park to sell you for $15 million. ...Allaq cannot be removed for something which happened before his time. I would treat all such rumors as false. Iraq full of bad news sources... Remember, Allaq wants the RV. Maliki threatened to have Shabibi executed for suggesting an RV. There seem to be players who do not want a technocratic government, and who do not want an RV. We have seen this before from Iraq. Some folks there want to take Iraq back to the former, very non-democratic times. [post 1 of 2....stay tuned]
11-18-2018 Newshound Guru Kaperoni There is over 42 trillion dinar outside the CBI. And there has been no reduction so far. If the dinar is going to appreciate in value the money supply must be reduced. The only way it could happen would be gradually...thus a float is the only real option. 42 Trillion dinar is a substantial amount...the U.S. only has about 1.2 trillion circulating around the world. No way could Iraq support a money supply 40 times the U.S. If a float is the solution, the dinar can rise gradually over time, as money comes into the Iraqi banks it can be collected and destroyed thus reducing the money supply from Trillions to Billions.
A RV or RI is not possible.
11-18-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANKS SHOULD CONSIDER ISSUING DIGITAL MONEY (electronic form NOT crypto currency), IMF'S LAGARDE SAYS" ...Lagarde is NOT talking about crypto currencies. She is talking about electronic currency much like the USA already adopted...the IMF wants other nations too to go more electronic. We have seen this effort in Iraq to convert them and it is successful and allows them to use the smaller category notes and moves them into the situation where they can even eventually issued more even smaller category notes.
11-18-2018 Newshound Guru Adam Montana ...Lots of great arguments for both this year and early 2019... I'll be happy with either, but root for a Christmas RV.
11-18-2018 Newshound/Intel Guru Mnt Goat Article: "Prime Minister Adel Abdul Mahdi, told President Barham Saleh that he would resign if the appointment process continues to sell ministries between the political blocs in his government." So now we know the hold up in getting the remaining ministers. Will they conduct the scheduled announcement and voting of the last 4 ministers next Tuesday Nov 20th or will this too be held up longer? Just in...The next session moved to Monday, 19/11 at one o’clock.” Go figure!
11-18-2018 Newshound/Intel Guru RVAlready Maliki is a bad guy. Unfortunately, lots of folks in Iraq respect him. ...I am sure Iran has some part in this. Nobody who is former PM or president of a country is easy to totally remove. They essentially have immunity for life, and they will always have followers. Hopefully, this will stop soon. I think Mahdi and Allaq will win the day... The bull is probably so thick right now, because the bad guys sense that Madhi and Allaq are about to win the day...The bad guys are just trying to sow confusion and dissent. [post 2 of 2]
11-18-2018 Newshound/Intel Guru RVAlready The bull is flying in Iraq today: Allaq and Mahdi are both resigning. (Yeah right). And I have a piece of swampland in a national park to sell you for $15 million. ...Allaq cannot be removed for something which happened before his time. I would treat all such rumors as false. Iraq full of bad news sources... Remember, Allaq wants the RV. Maliki threatened to have Shabibi executed for suggesting an RV. There seem to be players who do not want a technocratic government, and who do not want an RV. We have seen this before from Iraq. Some folks there want to take Iraq back to the former, very non-democratic times. [post 1 of 2....stay tuned]
11-17-2018 Newshound/Intel Guru Mnt Goat Again I am telling you that besides other reasons, the best chances we have of getting the CBI to move ahead with the reinstatement is NOT to have Iran involved in this new government. ...The only time Iraq has a chance of having true peace within Iraq is to bring these crooked politicians at all levels of the government, no matter how high up, to justice.
11-17-2018 Intel Guru Frank26 [via Sunkissed] THEIR BONDS...FROM THEIR NATION ARE GOING TO BE SOLD INTERNATIONALLY! They were made in 2017 and they did not sell them. They held them in 2017 until RIGHT NOW...They are going to sell them through the Iraqi Stock Exchange. NOW. ...Why now? Because the reinstatement of the Iraqi dinar was not ready last year, when they printed them. They stopped. And they are NOW going to sell them on the 18th of November 2018. Why? ...almost done...Time is near.
11-17-2018 Intel Guru Frank26 ...They’re lifting the 3-zeros Family. THERE IS NO DENIAL. They’re also now telling you that the Iraqi Stock Exchange is about to sell INTERNATIONAL - INTERNATIONAL -INTERNATIONAL BONDS! THEIR BONDS FROM THEIR NATION ARE GOING TO BE SOLD INTERNATIONALLY!"
11-17-2018 Intel Guru RayRen98 Cbi has come out tonight [Friday] and stated they have not removed alaq and he is still the gov of the cbi they r saying reports r not true of a new cbi gov.
11-17-2018 Newshound Guru ChrisC Article: "Washington: We will press Baghdad to distribute wealth to Iraqis" This is SO what we have been needing to hear. When Trump says you are rich and he is going to "pressure" you, you can get ready because he has apparently had enough of their BS. ...We saw one exodus some time ago of the worst corrupt and I bet we are getting ready to see another. Once that happens, they should be ready to play ball.
11-17-2018 Newshound Guru Kaperoni Breaking News...it appears that new PM Mahdi has sacked the CBI Gov Ali al-Allaq. If true and Ali al-Allaq has been removed history of this position has proven that it causes a delay and monetary policy which is not good news for all of us waiting for Iraq to engage their banking system with the world financial system. It also could have an impact on compliance with the IMF. When previous Central Bank Governors were removed the spread went significantly outside the 2% requirement. Unless Mahdi plans to bring back Shabibi (doubtful) there will be a period of instability in Iraq thus possibly causing the dinar to fall out of compliance. Setback for sure. This is the second time we have been close to the beginning of currency reform. Could end up being a sad day delaying months if not longer. PM Mahdi is pro reform and is clearly aware of the urgency to rebuild, create jobs and invite investment so I remain hopeful for now.
11-17-2018 Intel Guru Frank26 [via Sunkissed] THEIR BONDS...FROM THEIR NATION ARE GOING TO BE SOLD INTERNATIONALLY! They were made in 2017 and they did not sell them. They held them in 2017 until RIGHT NOW...They are going to sell them through the Iraqi Stock Exchange. NOW. ...Why now? Because the reinstatement of the Iraqi dinar was not ready last year, when they printed them. They stopped. And they are NOW going to sell them on the 18th of November 2018. Why? ...almost done...Time is near.
11-17-2018 Intel Guru Frank26 ...They’re lifting the 3-zeros Family. THERE IS NO DENIAL. They’re also now telling you that the Iraqi Stock Exchange is about to sell INTERNATIONAL - INTERNATIONAL -INTERNATIONAL BONDS! THEIR BONDS FROM THEIR NATION ARE GOING TO BE SOLD INTERNATIONALLY!"
11-17-2018 Intel Guru RayRen98 Cbi has come out tonight [Friday] and stated they have not removed alaq and he is still the gov of the cbi they r saying reports r not true of a new cbi gov.
11-17-2018 Newshound Guru ChrisC Article: "Washington: We will press Baghdad to distribute wealth to Iraqis" This is SO what we have been needing to hear. When Trump says you are rich and he is going to "pressure" you, you can get ready because he has apparently had enough of their BS. ...We saw one exodus some time ago of the worst corrupt and I bet we are getting ready to see another. Once that happens, they should be ready to play ball.
11-17-2018 Newshound Guru Kaperoni Breaking News...it appears that new PM Mahdi has sacked the CBI Gov Ali al-Allaq. If true and Ali al-Allaq has been removed history of this position has proven that it causes a delay and monetary policy which is not good news for all of us waiting for Iraq to engage their banking system with the world financial system. It also could have an impact on compliance with the IMF. When previous Central Bank Governors were removed the spread went significantly outside the 2% requirement. Unless Mahdi plans to bring back Shabibi (doubtful) there will be a period of instability in Iraq thus possibly causing the dinar to fall out of compliance. Setback for sure. This is the second time we have been close to the beginning of currency reform. Could end up being a sad day delaying months if not longer. PM Mahdi is pro reform and is clearly aware of the urgency to rebuild, create jobs and invite investment so I remain hopeful for now.
11-16-2018 Newshound Guru ChrisC Article: "The central bank reveals the amount of cash and gold reserves currently in Iraq" Quotes: "there is no intention at the present time to issue any new category and existing categories that cover the need of local Iraq."; "Iraq has plans and strategies that it is working on periodically to make adjustments to the currency and pull the damaged from public markets and replace it with a new one," Remember what [Guru] Walkingstick's firm got them to clearly admit. This is beginning to feel like Kuwait. Wasn't it them that said they couldn't RV for a year and did it the next day?
11-16-2018 Newshound Guru Kaperoni In order for Iraq to engage its banking system with the world's financial system It's a combination of government effort and financial stability/compliance. And again as we stated several months ago a new government would need to be formed, stability and security would have to be proven as well as any other legal or laws necessary to perpetuate the investment process. That being said there is a sense of urgency in Iraq to move Iraq forward now rather than later because Iraq needs money to rebuild and private investment is that solution. ...bringing an influx of capital into a country will create substantial inflationary pressure through the CBI capital account...this has to be accounted for and that's why the CBI must move off of the peg to a float prior to such action. [post 3 of 3]
11-16-2018 Newshound Guru Kaperoni ...in order for the dinar to go up in value several other things must occur the Central Bank of Iraq for one has to rebuild the banking sector. ...the central bank has to meet the conditions set forth by the IMF. And...they must be in compliance in order to move from Article XIV to Article VIII. This compliance has not been achieved since 2012. And this compliance started again in March of 2018. Back then I told everyone that there would be a minimum of a 90-day window and which the CBI needed to hold such compliance ...it's in writing and factual. Since then the CBI has done an excellent job maintaining the 2% compliance requirement to move to Article VIII under difficult circumstances within the country, this doesn't mean they will move today or tomorrow because other factors still exist which could still hold this up. [post 2 of 3....stay tuned]
11-16-2018 Newshound Guru Kaperoni The latest...annual Article IV Consultation...done last September clearly states..."The authorities have appropriately maintained the exchange rate peg." This was done to help accomplish exchange rate stability in Iraq thus allowing the CBI to get in compliance. ...telling people the dinar is already on a managed float...is outright false and not what is going on regarding monetary policy at this time. The CBI is working hard to meet compliance so that they can move forward and engage their banking system with the world. [post 1 of 3....stay tuned]
11-16-2018 Intel Guru Bruce I am not a huge fan of this on the weekend, but banks do like the weekend. They like the idea of Saturday. Are we going to go before Thanksgiving which is Thursday? I believe so. Yes, I do believe that is true. We have heard to be fully funded, to have money to spend for Black Friday/Thanksgiving...we should have this any day now literally. I can’t say it is definite. [post 2 of 2]
11-16-2018 Intel Guru Bruce ...I do not use the S word very often, but I do believe this is very soon. ...We have heard about some time frames like 72 hours from the time that the USTN went asset back which was Tuesday. So 72 hours from Tuesday afternoon at 3:15pm. Could we see something then by that time? Quite possibly. The Redemption Centers ...are essentially are on high alert starting tomorrow [Friday] afternoon. We also know that the Dinar and Dong which are looking blacked out now are supposed to be up by Saturday afternoon/evening...we supposed to have those two currencies rates show. [post 1 of 2....stay tuned]
11-16-2018 Intel Guru Frank62 ...It's one thing to test fractional banking internally but completely different introducing @ onset of banking with the IQD... ISX was testing an offline platform...with USA stock exchange, (don't think a PR rate) also with European Exchanges, ME Exchanges, Arabic Exchanges & Asian Bourse... It's happening right before our eyes whether we can see it or not! ...our sharing is weeks ahead! Just because we don't see it doesn't mean it's not happening! [post 2 of 2]
11-16-2018 Intel Guru Frank26 [via Clare] They tested, tried, the lifting of the 3 zeros for 4 years @ a dual exchange rate...the program rate we see & the 1- 1 we don't see....(articles prove this)...Based on what we read, that rate has well exceeded 1-1. ...more reasons, for more calculations, that have been tested successfully to calculate fractional banking - the ISX - marketplace will need and use fils...right now these and more calculations are all about accounting & math of the lifting of the 3 zeros... ISX going International... as Articles said! ...LAUNCHING the RI with NO mistakes! [post 1 of 2....stay tuned]
11-16-2018 Newshound Guru Kaperoni In order for Iraq to engage its banking system with the world's financial system It's a combination of government effort and financial stability/compliance. And again as we stated several months ago a new government would need to be formed, stability and security would have to be proven as well as any other legal or laws necessary to perpetuate the investment process. That being said there is a sense of urgency in Iraq to move Iraq forward now rather than later because Iraq needs money to rebuild and private investment is that solution. ...bringing an influx of capital into a country will create substantial inflationary pressure through the CBI capital account...this has to be accounted for and that's why the CBI must move off of the peg to a float prior to such action. [post 3 of 3]
11-16-2018 Newshound Guru Kaperoni ...in order for the dinar to go up in value several other things must occur the Central Bank of Iraq for one has to rebuild the banking sector. ...the central bank has to meet the conditions set forth by the IMF. And...they must be in compliance in order to move from Article XIV to Article VIII. This compliance has not been achieved since 2012. And this compliance started again in March of 2018. Back then I told everyone that there would be a minimum of a 90-day window and which the CBI needed to hold such compliance ...it's in writing and factual. Since then the CBI has done an excellent job maintaining the 2% compliance requirement to move to Article VIII under difficult circumstances within the country, this doesn't mean they will move today or tomorrow because other factors still exist which could still hold this up. [post 2 of 3....stay tuned]
11-16-2018 Newshound Guru Kaperoni The latest...annual Article IV Consultation...done last September clearly states..."The authorities have appropriately maintained the exchange rate peg." This was done to help accomplish exchange rate stability in Iraq thus allowing the CBI to get in compliance. ...telling people the dinar is already on a managed float...is outright false and not what is going on regarding monetary policy at this time. The CBI is working hard to meet compliance so that they can move forward and engage their banking system with the world. [post 1 of 3....stay tuned]
11-16-2018 Intel Guru Bruce I am not a huge fan of this on the weekend, but banks do like the weekend. They like the idea of Saturday. Are we going to go before Thanksgiving which is Thursday? I believe so. Yes, I do believe that is true. We have heard to be fully funded, to have money to spend for Black Friday/Thanksgiving...we should have this any day now literally. I can’t say it is definite. [post 2 of 2]
11-16-2018 Intel Guru Bruce ...I do not use the S word very often, but I do believe this is very soon. ...We have heard about some time frames like 72 hours from the time that the USTN went asset back which was Tuesday. So 72 hours from Tuesday afternoon at 3:15pm. Could we see something then by that time? Quite possibly. The Redemption Centers ...are essentially are on high alert starting tomorrow [Friday] afternoon. We also know that the Dinar and Dong which are looking blacked out now are supposed to be up by Saturday afternoon/evening...we supposed to have those two currencies rates show. [post 1 of 2....stay tuned]
11-16-2018 Intel Guru Frank62 ...It's one thing to test fractional banking internally but completely different introducing @ onset of banking with the IQD... ISX was testing an offline platform...with USA stock exchange, (don't think a PR rate) also with European Exchanges, ME Exchanges, Arabic Exchanges & Asian Bourse... It's happening right before our eyes whether we can see it or not! ...our sharing is weeks ahead! Just because we don't see it doesn't mean it's not happening! [post 2 of 2]
11-16-2018 Intel Guru Frank26 [via Clare] They tested, tried, the lifting of the 3 zeros for 4 years @ a dual exchange rate...the program rate we see & the 1- 1 we don't see....(articles prove this)...Based on what we read, that rate has well exceeded 1-1. ...more reasons, for more calculations, that have been tested successfully to calculate fractional banking - the ISX - marketplace will need and use fils...right now these and more calculations are all about accounting & math of the lifting of the 3 zeros... ISX going International... as Articles said! ...LAUNCHING the RI with NO mistakes! [post 1 of 2....stay tuned]
11-15-2018 Newshound Guru Kaperoni [It’s getting hard for me even seeing when or if they are ever going to float. The corruption, the stalling, the bickering/infighting, the incompetence...it is getting really difficult to see them ever getting past it.] Yes it can be frustrating. Keep in mind the IMF, World Bank and others are pushing this reform forward.
11-15-2018 Newshound/Intel Guru Mnt Goat Article: "ALMOST DAILY REPORTS OF THE ARREST OR ELIMINATION OF THE MILITANT GROUP’S TERRORISTS, THEIR LEADERS, SLEEPER CELLS AND HIDEOUTS" ...the SECURITY situation in Iraq is stable but they are still having problems with the ISIS group infiltrating back into Iraq from Syria. But we know we have heard many articles about how SECURE and STABLE Iraq now is so these issues should not be a prohibiting factor in the reinstatement of the dinar.
11-15-2018 Guest Guru Sam I Am ...I didn't sell my dinar because it didn't happen on my time line. I sold because my research led me to the conclusions I'm sharing with you. If I believed it would happen I would hang on for another ten years or more. My research involves economics, IMF docs, history, law etc. Yes they're going to float the dinar in the future just like they're floating it now, via a managed float. ...those articles Kap [Guru Kapaeroni] quotes say that a more flexible policy will lead to an increase. But they mean an increase in the exchange rate not an increase in value. The CBI can adjust the rate any time they deem necessary. Trust me, a year or two from now you'll still be wondering what the hold up is. [post 3 of 3]
11-15-2018 Guest Guru Sam I Am so our main point of disagreement seems to be the feasibility of the IQD floating freely. I maintain that de-pegging would destroy iraq. Kap [Guru Kaperoni] has been saying that [the dinar would float?] since 2012 but he doesn't understand that all of those articles are talking about the managed float that Iraq is currently using...they maintain the peg by manipulating the money supply. [correct and the auctions] yes. so it's already floating ... just not "free floating" like the dollar or the euro. The IMF has already stated that the IQD is rightly valued where it is...bottom line is they back their currency with their foreign currency reserves which is about $50 billion. Divide that by their M1 money supply of 70 trillion and you have a currency that is rightly valued at less than 1/10 of a penny. The low level and the relative stability of inflation do not suggest any significant over- or undervaluation of the Iraqi dinar...the "program rate" isn't an artificially imposed rate but simply the rate used by the IMF for monitoring purposes... [post 2 of 3....stay tuned]
11-15-2018 Guest Guru Sam I Am [Do you think we will ever make any money from the Dinar?] Nobody will get rich from owning dinar. It's possible to make a profit if the CBI decides to raise the value like they did from Nov. 2006 to Jan. 2009... about 25%...but it's very unlikely that they will. But even if that happens the profits won't justify the risk IMO. ...the problem is that most dinar investors have no experience with currency speculation (including me when I got in) and they don't understand how what a revaluation is...By the way, I owned over 8 million...so I've been on both sides...the average dinarian only owns a million or two...so my point is that I owned a lot more than the average guy... the IQD is pegged so it only goes up in value if the CBI decides that it will...they can't de-peg until their economy is diversified to the point that most of their revenues are non-petroleum based... [post 1 of 3....stay tuned]
11-15-2018 Newshound Guru Phillyman Article quote: "...the Prime Minister Adel Abdul Mahdi, told President Barham Saleh that he would resign if the auction continues to sell ministries between the political blocs in his government." Is the article true, accurate? Madhi certainly has his hands full. Who knows by the time you read this maybe all the positions will be filled with moderate, honest politicians. Of course the biq question everyone wants answered is when will the IQD move from its current level. Can we finally agree that no one knows or will know? Does the state of politics even impact that decision? The only person I listen to that makes sense to me is [Guru] Breitling. You won't find an answer to the date question...but you may feel a little better about your investment in Iraq. As insane as this country looks for investment to many I still believe.
11-15-2018 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENT MEETING HELD ON MONDAY, MONETARY POLICY IN THE PRESENCE OF THE GOVERNOR OF THE CENTRAL BANK OF IRAQ ALI ALAK" So we can see the seeds have been sown and many of the newer members of parliament do want the CBI to move ahead with the currency reform. Will the CBI now do it after this meeting with parliament? All the financial news is the best it has been since 2012-2013.
11-15-2018 Newshound/Intel Guru Mnt Goat Article: "ALMOST DAILY REPORTS OF THE ARREST OR ELIMINATION OF THE MILITANT GROUP’S TERRORISTS, THEIR LEADERS, SLEEPER CELLS AND HIDEOUTS" ...the SECURITY situation in Iraq is stable but they are still having problems with the ISIS group infiltrating back into Iraq from Syria. But we know we have heard many articles about how SECURE and STABLE Iraq now is so these issues should not be a prohibiting factor in the reinstatement of the dinar.
11-15-2018 Guest Guru Sam I Am ...I didn't sell my dinar because it didn't happen on my time line. I sold because my research led me to the conclusions I'm sharing with you. If I believed it would happen I would hang on for another ten years or more. My research involves economics, IMF docs, history, law etc. Yes they're going to float the dinar in the future just like they're floating it now, via a managed float. ...those articles Kap [Guru Kapaeroni] quotes say that a more flexible policy will lead to an increase. But they mean an increase in the exchange rate not an increase in value. The CBI can adjust the rate any time they deem necessary. Trust me, a year or two from now you'll still be wondering what the hold up is. [post 3 of 3]
11-15-2018 Guest Guru Sam I Am so our main point of disagreement seems to be the feasibility of the IQD floating freely. I maintain that de-pegging would destroy iraq. Kap [Guru Kaperoni] has been saying that [the dinar would float?] since 2012 but he doesn't understand that all of those articles are talking about the managed float that Iraq is currently using...they maintain the peg by manipulating the money supply. [correct and the auctions] yes. so it's already floating ... just not "free floating" like the dollar or the euro. The IMF has already stated that the IQD is rightly valued where it is...bottom line is they back their currency with their foreign currency reserves which is about $50 billion. Divide that by their M1 money supply of 70 trillion and you have a currency that is rightly valued at less than 1/10 of a penny. The low level and the relative stability of inflation do not suggest any significant over- or undervaluation of the Iraqi dinar...the "program rate" isn't an artificially imposed rate but simply the rate used by the IMF for monitoring purposes... [post 2 of 3....stay tuned]
11-15-2018 Guest Guru Sam I Am [Do you think we will ever make any money from the Dinar?] Nobody will get rich from owning dinar. It's possible to make a profit if the CBI decides to raise the value like they did from Nov. 2006 to Jan. 2009... about 25%...but it's very unlikely that they will. But even if that happens the profits won't justify the risk IMO. ...the problem is that most dinar investors have no experience with currency speculation (including me when I got in) and they don't understand how what a revaluation is...By the way, I owned over 8 million...so I've been on both sides...the average dinarian only owns a million or two...so my point is that I owned a lot more than the average guy... the IQD is pegged so it only goes up in value if the CBI decides that it will...they can't de-peg until their economy is diversified to the point that most of their revenues are non-petroleum based... [post 1 of 3....stay tuned]
11-15-2018 Newshound Guru Phillyman Article quote: "...the Prime Minister Adel Abdul Mahdi, told President Barham Saleh that he would resign if the auction continues to sell ministries between the political blocs in his government." Is the article true, accurate? Madhi certainly has his hands full. Who knows by the time you read this maybe all the positions will be filled with moderate, honest politicians. Of course the biq question everyone wants answered is when will the IQD move from its current level. Can we finally agree that no one knows or will know? Does the state of politics even impact that decision? The only person I listen to that makes sense to me is [Guru] Breitling. You won't find an answer to the date question...but you may feel a little better about your investment in Iraq. As insane as this country looks for investment to many I still believe.
11-15-2018 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENT MEETING HELD ON MONDAY, MONETARY POLICY IN THE PRESENCE OF THE GOVERNOR OF THE CENTRAL BANK OF IRAQ ALI ALAK" So we can see the seeds have been sown and many of the newer members of parliament do want the CBI to move ahead with the currency reform. Will the CBI now do it after this meeting with parliament? All the financial news is the best it has been since 2012-2013.
11-14-2018 Newshound Guru Kaperoni There is no RV or RI...if the dinar appreciates in value it will not happen overnight. That being said, monetary policy will need to change to accommodate investment and that means they will need to float the dinar. Floating the dinar allows the CBI to gradually raise the value to counter inflationary pressure created by an influx of investment. A float can start anytime, but i do not see it rising to equal a dollar for several months if not longer.
11-14-2018 Newshound/Intel Guru Mnt Goat We know that the new asset backed currency rate calculation system introduced in 2012-2013 is generating periodic rates for many of these underdeveloped countries. These rates are pushed down to the banks through this system. Yes, these are real rates but they are not yet implemented. So why does the Iranian Rial all of a sudden show up again with a rate of about $3.90. WOW! This is remember all calculated based on assets and bumped around with neighboring middle eastern countries. This does NOT mean these rate are eminent or will show up LIVE today or tomorrow.
11-14-2018 Newshound/Intel Guru Mnt Goat ...Answer: For only 2 reasons – a. continuance of corruptive banking practices (greed) and corruption and b. political will to execute the “project to delete the zeros”. Again these same politicians are making a...load of money off these fake banks. This is why Dr Shabibi realized the necessity to end these auctions as soon as possible. But the corruption during the Nori al-Maliki administration put a dead stop to this effort. This was the closest the CBI ever got to completing this project to delete the zeros. It has been an uphill battle ever since to do it. [post 2 of 3....stay tuned]
11-14-2018 Newshound/Intel Guru Mnt Goat Article: "IRAN, FEELING SANCTIONS BITE, LOOKS FOR OUTLET IN IRAQ" So what do we know? We know that the US does not want Iraq to use USD to trade with Iran. I have always said these Iraqi currency auctions are now just funneling more money to the terrorist in USD and were set up initially to do just the opposite. So why even continue them then? They are part of the problem. How can this be since they forced Iraq in the past under the sanctions to use only USD thru converting dinar to US dollars thru these currency auctions. Oh – but these sanctions are now lifted and so why does Iraq continue to use these auctions. Answer: [post 1 of 3....stay tuned]
11-14-2018 Newshound/Intel Guru RVAlready The budget has nothing to do with RV timing. I do not think anyone plans a CBI investigation. The fact that the budget is already written in 1:1 numbers, should tell you everyone knows what is happening…. I think this is on a timetable. All the public stuff is just smoke and mirrors, as usual. Remember, this is a new parliament. Allaq reassured them that the MR is going smoothly. He seems to be in control of the MR, and we will see the RV when the date hits. I am hoping the date is this week, or, at the worst, by the end of November.
11-14-2018 Intel Guru Bruce Let’s start with Iraq... we find out tomorrow afternoon [Wednesday] Iraq time...4:30pm to 4:45pm Baghdad time that is 8:30 am to 8:45am Eastern Time things are supposed to be released as far as Iraq is concerned. They may put it out in the Gazette. They may do the Gazette thing which is great, but we are looking for them to release the ATMS with the lower Denoms and also put out a rate on the CBI. There are things that they have held back until we are ready to go...That is something that is supposed to happen tomorrow [Wednesday].
11-14-2018 Newshound/Intel Guru Mnt Goat Article: "FORGED DOCUMENTS FROM 3299 CARICATURES ABLE TO WITHDRAW FUNDS FROM CBI" yet more corruption at the CBI process. These currency auctions must end as they are the source of most of this bank corruption.
11-14-2018 Intel Guru RayRen98 PM Madhi states that the completion of the delivery of the cabinet is in the coming days. Supposedly, a direct quote from PM Abdul-Madhi, "It was necessary to form the government before the end of the constitutional term and the government is strong and hear all the assessments and observations about any minister and we work on a compromise and an agreement to complete the squad in the coming days." [Hmmmmm, "It was necessary to form" sounds like past tense to me, what do you think? Or maybe it's the difference in the English language?] It appears that the CBI Acting-Governor Alak "might" be under official investigation for the disappearance (and/or damage) of seven billion dinar...
11-14-2018 Newshound/Intel Guru Mnt Goat We know that the new asset backed currency rate calculation system introduced in 2012-2013 is generating periodic rates for many of these underdeveloped countries. These rates are pushed down to the banks through this system. Yes, these are real rates but they are not yet implemented. So why does the Iranian Rial all of a sudden show up again with a rate of about $3.90. WOW! This is remember all calculated based on assets and bumped around with neighboring middle eastern countries. This does NOT mean these rate are eminent or will show up LIVE today or tomorrow.
11-14-2018 Newshound/Intel Guru Mnt Goat ...Answer: For only 2 reasons – a. continuance of corruptive banking practices (greed) and corruption and b. political will to execute the “project to delete the zeros”. Again these same politicians are making a...load of money off these fake banks. This is why Dr Shabibi realized the necessity to end these auctions as soon as possible. But the corruption during the Nori al-Maliki administration put a dead stop to this effort. This was the closest the CBI ever got to completing this project to delete the zeros. It has been an uphill battle ever since to do it. [post 2 of 3....stay tuned]
11-14-2018 Newshound/Intel Guru Mnt Goat Article: "IRAN, FEELING SANCTIONS BITE, LOOKS FOR OUTLET IN IRAQ" So what do we know? We know that the US does not want Iraq to use USD to trade with Iran. I have always said these Iraqi currency auctions are now just funneling more money to the terrorist in USD and were set up initially to do just the opposite. So why even continue them then? They are part of the problem. How can this be since they forced Iraq in the past under the sanctions to use only USD thru converting dinar to US dollars thru these currency auctions. Oh – but these sanctions are now lifted and so why does Iraq continue to use these auctions. Answer: [post 1 of 3....stay tuned]
11-14-2018 Newshound/Intel Guru RVAlready The budget has nothing to do with RV timing. I do not think anyone plans a CBI investigation. The fact that the budget is already written in 1:1 numbers, should tell you everyone knows what is happening…. I think this is on a timetable. All the public stuff is just smoke and mirrors, as usual. Remember, this is a new parliament. Allaq reassured them that the MR is going smoothly. He seems to be in control of the MR, and we will see the RV when the date hits. I am hoping the date is this week, or, at the worst, by the end of November.
11-14-2018 Intel Guru Bruce Let’s start with Iraq... we find out tomorrow afternoon [Wednesday] Iraq time...4:30pm to 4:45pm Baghdad time that is 8:30 am to 8:45am Eastern Time things are supposed to be released as far as Iraq is concerned. They may put it out in the Gazette. They may do the Gazette thing which is great, but we are looking for them to release the ATMS with the lower Denoms and also put out a rate on the CBI. There are things that they have held back until we are ready to go...That is something that is supposed to happen tomorrow [Wednesday].
11-14-2018 Newshound/Intel Guru Mnt Goat Article: "FORGED DOCUMENTS FROM 3299 CARICATURES ABLE TO WITHDRAW FUNDS FROM CBI" yet more corruption at the CBI process. These currency auctions must end as they are the source of most of this bank corruption.
11-14-2018 Intel Guru RayRen98 PM Madhi states that the completion of the delivery of the cabinet is in the coming days. Supposedly, a direct quote from PM Abdul-Madhi, "It was necessary to form the government before the end of the constitutional term and the government is strong and hear all the assessments and observations about any minister and we work on a compromise and an agreement to complete the squad in the coming days." [Hmmmmm, "It was necessary to form" sounds like past tense to me, what do you think? Or maybe it's the difference in the English language?] It appears that the CBI Acting-Governor Alak "might" be under official investigation for the disappearance (and/or damage) of seven billion dinar...
[11-13-2018 Newshound/Intel Guru David M. Witty Iraqi PM Abdel-Mahdi in news conference: I will finish forming ministerial cabinet shortly...
11-13-2018 Newshound Guru Kaperoni Central Bank Governor Allaq met with parliament today [Monday] to discuss monetary policy.
11-13-2018 Newshound Guru chattels Article quote: "Governor of the Central Bank of Parliament: We kept the dinar exchange rate against the dollar..." ...there seems to be obvious intentionality at work here. Some would argue that a range of value is being maintained. The 2% variance that Kap [Guru Kaperoni] talks about. Not refering to the 1190, but the market rate. [Side Note: the CBI has maintained the IMF required 2% balance between the Official dinar rate and CBI reported Market rate since ~ March 15, 2018 - You can always see daily CBI dinar rates in the sidebar on the left of this page...]
11-13-2018 Newshound/Intel Guru Mnt Goat ...no one said the change would happen in mid Dec. I only said the re-education to the citizens has to begin before the reinstatement and in time to educate them, enough to do the event. I was told it would begin in late Nov. ...The reinstatement will happen and it is coming.
11-13-2018 Newshound/Intel Guru RVAlready One big thing yesterday. Allaq presented to parliament the advantages of the MR, of which the RV is a major part. Apparently the talk was very well received. Many have speculated that the release date has been determined, and everything we are seeing is just delay until they push the button.
11-13-2018 Newshound Guru chattels Article quote: "...the Prime Minister Adil Abd al-Mahdi will present the rest of his booth including ministerial candidates for Defense and Interior on the 24th November." Most recently it was to be this Thursday, the 15th. Now it is the 24th?
11-13-2018 Newshound/Intel Guru Mnt Goat Article: "MAINTAIN THE EXCHANGE RATE OF THE DINAR AGAINST OTHER CURRENCIES" Quote: "...the central bank balanced between the financial options and managed despite the pressure and impossible goals to maintain the exchange rate of the dinar against other currencies, including the dollar..." ...again the CBI is announcing the ability to keep the exchange rate of the dinar stable... [Side Note: the CBI has maintained the IMF required 2% balance between the Official dinar rate and CBI reported Market rate since ~ March 15, 2018 - See left side bar for daily CBI dinar rates...]
11-13-2018 Newshound Guru Kaperoni Central Bank Governor Allaq met with parliament today [Monday] to discuss monetary policy.
11-13-2018 Newshound Guru chattels Article quote: "Governor of the Central Bank of Parliament: We kept the dinar exchange rate against the dollar..." ...there seems to be obvious intentionality at work here. Some would argue that a range of value is being maintained. The 2% variance that Kap [Guru Kaperoni] talks about. Not refering to the 1190, but the market rate. [Side Note: the CBI has maintained the IMF required 2% balance between the Official dinar rate and CBI reported Market rate since ~ March 15, 2018 - You can always see daily CBI dinar rates in the sidebar on the left of this page...]
11-13-2018 Newshound/Intel Guru Mnt Goat ...no one said the change would happen in mid Dec. I only said the re-education to the citizens has to begin before the reinstatement and in time to educate them, enough to do the event. I was told it would begin in late Nov. ...The reinstatement will happen and it is coming.
11-13-2018 Newshound/Intel Guru RVAlready One big thing yesterday. Allaq presented to parliament the advantages of the MR, of which the RV is a major part. Apparently the talk was very well received. Many have speculated that the release date has been determined, and everything we are seeing is just delay until they push the button.
11-13-2018 Newshound Guru chattels Article quote: "...the Prime Minister Adil Abd al-Mahdi will present the rest of his booth including ministerial candidates for Defense and Interior on the 24th November." Most recently it was to be this Thursday, the 15th. Now it is the 24th?
11-13-2018 Newshound/Intel Guru Mnt Goat Article: "MAINTAIN THE EXCHANGE RATE OF THE DINAR AGAINST OTHER CURRENCIES" Quote: "...the central bank balanced between the financial options and managed despite the pressure and impossible goals to maintain the exchange rate of the dinar against other currencies, including the dollar..." ...again the CBI is announcing the ability to keep the exchange rate of the dinar stable... [Side Note: the CBI has maintained the IMF required 2% balance between the Official dinar rate and CBI reported Market rate since ~ March 15, 2018 - See left side bar for daily CBI dinar rates...]
11-12-2018 Newshound Guru ChrisC ...I believe the vast majority of Iraqi's are good people, and those that are corrupt in power have now been neutered. Corralling all the corruption has certainly taken longer than anyone probably expected, but I do believe we have a pretty firm handle on that now and finally finish the process. I believe they have had a target date in mind for a while now, but we simply have not arrived at that date just yet. Let's see what these next few days/weeks bring us and what they choose to reveal publicly as this year begins to wind down. I think we will all be very happy before too much longer, IMO. [post 2 of 2]
11-12-2018 Newshound Guru ChrisC I have formulated something from one of my favorite literary characters, Sherlock Holmes. Sherlock says “How often have I said to you that when you have eliminated the impossible, whatever remains, however improbable, must be the truth?” ISIS is no longer a problem, there is safety and security, enough that an oil rig operator I know that said he would never go back is going back, a fully formed government (or just about), they have sanctions off of them and assets returned and the full support of the whole World. [post 1 of 2....stay tuned]
11-12-2018 Newshound Guru Kaperoni ...The IQD is not on a managed float but a peg to the dollar...As for a float in the future, the IMF is very clear on this directive as Iraq needs to exit the peg prior to opening their capital account to foreign investment. This is all in the Article IV Consultations... [...if Iraq floated their currency they would go bankrupt.] ...the CBI controls the currency and the amount of currency in circulation just like any other country. Some 200 countries float their currency are they bankrupt? Every single one of us should hope and pray the CBI gives up the peg chooses a new exchange rate regime that is a float and allows the dinar to gradually rise over time as the IMF stated allowing them to reduce the money supply.
11-12-2018 Newshound/Intel Guru Mnt Goat Article: "WHY ARE IRAQ'S KIRKUK OILFIELDS SO IMPORTANT?" Quote: "Iraq’s oilfields in the disputed Kirkuk region have taken on new significance after the United States restored oil sanctions against neighboring Iran. Washington is pressuring Baghdad to resume exports that stopped last year." This is a great insight into Article 140 and the necessity to pass a referendum on it and implement it into law.
11-12-2018 Newshound Guru MilitiaMan ...Pretty sure this all comes out the day before Alak is to be in Parliament.. The day before the UN has a topic on IRaq as well... Did we not recently hear Pompeo and Mnuchin speak in finance and economic circumstance done in IRaq, then Trump and Macron Support the new Mahdi GOI? Yep, Oh and yes the Paris Club... ...Kind interesting that Parliament has the 2019 budget on deck and we learned the payments start for the Paris agreement in 2019... All key items timed so ever accordingly...it should give a calming effect for those that thought this was simply flip the switch already...It is and has been a very complex undertaking that was like and ebb and flow tide. Always moving toward a common ground...I suspect if one is following along, this is starting to show a pattern of motion in more of a one direction specifically, and that is internationalism. imo. [post 2 of 2]
11-12-2018 Newshound Guru MilitiaMan They are telling us they are literally coming on stage internationally. Today they are actively spelling out internationalism based on statements... Quote: "The governor of the Central Bank of Iraq Ali al-Alaq, Sunday 11 November 2018, that the actions taken by the bank was sufficient to move Iraq to the normal follow-up area." That to me means they are just like every well organized bank that is involved in doing international trade. Equal footing if you will. Level playing field!! . Quote: "This new indicator will enable all international financial institutions to open their doors and their relationship with our banking institutions in Iraq..." [post 1 of 2....stay tuned]
11-12-2018 Intel Guru Delta CBI DID NOT REPORT AUCTION FOR TODAY [SUNDAY]!!! [...does that mean the process of canceling auction coming to an end.] WE SHOULD FIND OUT IN THE NEXT 24- 48 HRS...
11-12-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament's schedule for tomorrow does not include voting on unfilled ministerial positions. Iraqi MP says nominees for unfilled minister positions have been decided except for Defense & Interior Ministers. PM wants to avoid announcing names to avoid political attacks. Defense Minister semi-decided but no progress on Interior Minister.
11-12-2018 Newshound Guru ChrisC I have formulated something from one of my favorite literary characters, Sherlock Holmes. Sherlock says “How often have I said to you that when you have eliminated the impossible, whatever remains, however improbable, must be the truth?” ISIS is no longer a problem, there is safety and security, enough that an oil rig operator I know that said he would never go back is going back, a fully formed government (or just about), they have sanctions off of them and assets returned and the full support of the whole World. [post 1 of 2....stay tuned]
11-12-2018 Newshound Guru Kaperoni ...The IQD is not on a managed float but a peg to the dollar...As for a float in the future, the IMF is very clear on this directive as Iraq needs to exit the peg prior to opening their capital account to foreign investment. This is all in the Article IV Consultations... [...if Iraq floated their currency they would go bankrupt.] ...the CBI controls the currency and the amount of currency in circulation just like any other country. Some 200 countries float their currency are they bankrupt? Every single one of us should hope and pray the CBI gives up the peg chooses a new exchange rate regime that is a float and allows the dinar to gradually rise over time as the IMF stated allowing them to reduce the money supply.
11-12-2018 Newshound/Intel Guru Mnt Goat Article: "WHY ARE IRAQ'S KIRKUK OILFIELDS SO IMPORTANT?" Quote: "Iraq’s oilfields in the disputed Kirkuk region have taken on new significance after the United States restored oil sanctions against neighboring Iran. Washington is pressuring Baghdad to resume exports that stopped last year." This is a great insight into Article 140 and the necessity to pass a referendum on it and implement it into law.
11-12-2018 Newshound Guru MilitiaMan ...Pretty sure this all comes out the day before Alak is to be in Parliament.. The day before the UN has a topic on IRaq as well... Did we not recently hear Pompeo and Mnuchin speak in finance and economic circumstance done in IRaq, then Trump and Macron Support the new Mahdi GOI? Yep, Oh and yes the Paris Club... ...Kind interesting that Parliament has the 2019 budget on deck and we learned the payments start for the Paris agreement in 2019... All key items timed so ever accordingly...it should give a calming effect for those that thought this was simply flip the switch already...It is and has been a very complex undertaking that was like and ebb and flow tide. Always moving toward a common ground...I suspect if one is following along, this is starting to show a pattern of motion in more of a one direction specifically, and that is internationalism. imo. [post 2 of 2]
11-12-2018 Newshound Guru MilitiaMan They are telling us they are literally coming on stage internationally. Today they are actively spelling out internationalism based on statements... Quote: "The governor of the Central Bank of Iraq Ali al-Alaq, Sunday 11 November 2018, that the actions taken by the bank was sufficient to move Iraq to the normal follow-up area." That to me means they are just like every well organized bank that is involved in doing international trade. Equal footing if you will. Level playing field!! . Quote: "This new indicator will enable all international financial institutions to open their doors and their relationship with our banking institutions in Iraq..." [post 1 of 2....stay tuned]
11-12-2018 Intel Guru Delta CBI DID NOT REPORT AUCTION FOR TODAY [SUNDAY]!!! [...does that mean the process of canceling auction coming to an end.] WE SHOULD FIND OUT IN THE NEXT 24- 48 HRS...
11-12-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament's schedule for tomorrow does not include voting on unfilled ministerial positions. Iraqi MP says nominees for unfilled minister positions have been decided except for Defense & Interior Ministers. PM wants to avoid announcing names to avoid political attacks. Defense Minister semi-decided but no progress on Interior Minister.
11-11-2018 Newshound Guru tlm724 Article: "Central Bank: Our banking procedures transferred Iraq to the normal follow-up area" Quote: "All of the international financial institutions will be able to open their doors and relationships with our banking institutions in Iraq."
11-11-2018 Intel Guru RayRen98 Electronic cards (possibly considered a national card) were distributed to the citizens of Iraq but no new rates were revealed. Their government is attempting to increase the allocated amounts. Iraqi TV is reporting that the remaining cabinet members will be voted and confirmed on Monday's Parliament session.
11-11-2018 Newshound/Intel Guru Mnt Goat Article: "THE SCANDAL OF THE CENTRAL BANK, WHICH IS PREOCCUPIED WITH THE NAME OF ITS CURRENCY" I really like this article...It is telling the CBI that they put the effort in the wrong direction for currency reform. Instead the effort should be in the value and deleting the zeros. So this is more pressure from more sources to get this project done...
11-11-2018 Newshound Guru MilitiaMan We have recent data that supports they have now over $60 billion in reserves along with about 96.5 tonnes of gold, they have taxes and tariffs that match their 4.6 million barrel out put a day at or over $69.00 a barrel which is far the $56 in the budget for 2019, if I read that correct. So I see support for them coming back to the glory days.. imo.
11-11-2018 Intel Guru RayRen98 Articles are indicating that (once again) HCL agreements have been reached regarding payments to the citizens. [Some are claiming that THIS was the holdup...Time Will Tell]. Iraq TV broadcast a speech by PM Madhi at the Baghdad International Fair indicating his main goal is to return the economy to a favored state with more concentration on the private sector. 17+ countries and over 700 companies are in attendance. The Kurds have
11-11-2018 Intel Guru RayRen98 Electronic cards (possibly considered a national card) were distributed to the citizens of Iraq but no new rates were revealed. Their government is attempting to increase the allocated amounts. Iraqi TV is reporting that the remaining cabinet members will be voted and confirmed on Monday's Parliament session.
11-11-2018 Newshound/Intel Guru Mnt Goat Article: "THE SCANDAL OF THE CENTRAL BANK, WHICH IS PREOCCUPIED WITH THE NAME OF ITS CURRENCY" I really like this article...It is telling the CBI that they put the effort in the wrong direction for currency reform. Instead the effort should be in the value and deleting the zeros. So this is more pressure from more sources to get this project done...
11-11-2018 Newshound Guru MilitiaMan We have recent data that supports they have now over $60 billion in reserves along with about 96.5 tonnes of gold, they have taxes and tariffs that match their 4.6 million barrel out put a day at or over $69.00 a barrel which is far the $56 in the budget for 2019, if I read that correct. So I see support for them coming back to the glory days.. imo.
11-11-2018 Intel Guru RayRen98 Articles are indicating that (once again) HCL agreements have been reached regarding payments to the citizens. [Some are claiming that THIS was the holdup...Time Will Tell]. Iraq TV broadcast a speech by PM Madhi at the Baghdad International Fair indicating his main goal is to return the economy to a favored state with more concentration on the private sector. 17+ countries and over 700 companies are in attendance. The Kurds have