[11-13-2018 Newshound/Intel Guru David M. Witty Iraqi PM Abdel-Mahdi in news conference: I will finish forming ministerial cabinet shortly...
11-13-2018 Newshound Guru Kaperoni Central Bank Governor Allaq met with parliament today [Monday] to discuss monetary policy.
11-13-2018 Newshound Guru chattels Article quote: "Governor of the Central Bank of Parliament: We kept the dinar exchange rate against the dollar..." ...there seems to be obvious intentionality at work here. Some would argue that a range of value is being maintained. The 2% variance that Kap [Guru Kaperoni] talks about. Not refering to the 1190, but the market rate. [Side Note: the CBI has maintained the IMF required 2% balance between the Official dinar rate and CBI reported Market rate since ~ March 15, 2018 - You can always see daily CBI dinar rates in the sidebar on the left of this page...]
11-13-2018 Newshound/Intel Guru Mnt Goat ...no one said the change would happen in mid Dec. I only said the re-education to the citizens has to begin before the reinstatement and in time to educate them, enough to do the event. I was told it would begin in late Nov. ...The reinstatement will happen and it is coming.
11-13-2018 Newshound/Intel Guru RVAlready One big thing yesterday. Allaq presented to parliament the advantages of the MR, of which the RV is a major part. Apparently the talk was very well received. Many have speculated that the release date has been determined, and everything we are seeing is just delay until they push the button.
11-13-2018 Newshound Guru chattels Article quote: "...the Prime Minister Adil Abd al-Mahdi will present the rest of his booth including ministerial candidates for Defense and Interior on the 24th November." Most recently it was to be this Thursday, the 15th. Now it is the 24th?
11-13-2018 Newshound/Intel Guru Mnt Goat Article: "MAINTAIN THE EXCHANGE RATE OF THE DINAR AGAINST OTHER CURRENCIES" Quote: "...the central bank balanced between the financial options and managed despite the pressure and impossible goals to maintain the exchange rate of the dinar against other currencies, including the dollar..." ...again the CBI is announcing the ability to keep the exchange rate of the dinar stable... [Side Note: the CBI has maintained the IMF required 2% balance between the Official dinar rate and CBI reported Market rate since ~ March 15, 2018 - See left side bar for daily CBI dinar rates...]
11-13-2018 Newshound Guru Kaperoni Central Bank Governor Allaq met with parliament today [Monday] to discuss monetary policy.
11-13-2018 Newshound Guru chattels Article quote: "Governor of the Central Bank of Parliament: We kept the dinar exchange rate against the dollar..." ...there seems to be obvious intentionality at work here. Some would argue that a range of value is being maintained. The 2% variance that Kap [Guru Kaperoni] talks about. Not refering to the 1190, but the market rate. [Side Note: the CBI has maintained the IMF required 2% balance between the Official dinar rate and CBI reported Market rate since ~ March 15, 2018 - You can always see daily CBI dinar rates in the sidebar on the left of this page...]
11-13-2018 Newshound/Intel Guru Mnt Goat ...no one said the change would happen in mid Dec. I only said the re-education to the citizens has to begin before the reinstatement and in time to educate them, enough to do the event. I was told it would begin in late Nov. ...The reinstatement will happen and it is coming.
11-13-2018 Newshound/Intel Guru RVAlready One big thing yesterday. Allaq presented to parliament the advantages of the MR, of which the RV is a major part. Apparently the talk was very well received. Many have speculated that the release date has been determined, and everything we are seeing is just delay until they push the button.
11-13-2018 Newshound Guru chattels Article quote: "...the Prime Minister Adil Abd al-Mahdi will present the rest of his booth including ministerial candidates for Defense and Interior on the 24th November." Most recently it was to be this Thursday, the 15th. Now it is the 24th?
11-13-2018 Newshound/Intel Guru Mnt Goat Article: "MAINTAIN THE EXCHANGE RATE OF THE DINAR AGAINST OTHER CURRENCIES" Quote: "...the central bank balanced between the financial options and managed despite the pressure and impossible goals to maintain the exchange rate of the dinar against other currencies, including the dollar..." ...again the CBI is announcing the ability to keep the exchange rate of the dinar stable... [Side Note: the CBI has maintained the IMF required 2% balance between the Official dinar rate and CBI reported Market rate since ~ March 15, 2018 - See left side bar for daily CBI dinar rates...]
11-12-2018 Newshound Guru ChrisC ...I believe the vast majority of Iraqi's are good people, and those that are corrupt in power have now been neutered. Corralling all the corruption has certainly taken longer than anyone probably expected, but I do believe we have a pretty firm handle on that now and finally finish the process. I believe they have had a target date in mind for a while now, but we simply have not arrived at that date just yet. Let's see what these next few days/weeks bring us and what they choose to reveal publicly as this year begins to wind down. I think we will all be very happy before too much longer, IMO. [post 2 of 2]
11-12-2018 Newshound Guru ChrisC I have formulated something from one of my favorite literary characters, Sherlock Holmes. Sherlock says “How often have I said to you that when you have eliminated the impossible, whatever remains, however improbable, must be the truth?” ISIS is no longer a problem, there is safety and security, enough that an oil rig operator I know that said he would never go back is going back, a fully formed government (or just about), they have sanctions off of them and assets returned and the full support of the whole World. [post 1 of 2....stay tuned]
11-12-2018 Newshound Guru Kaperoni ...The IQD is not on a managed float but a peg to the dollar...As for a float in the future, the IMF is very clear on this directive as Iraq needs to exit the peg prior to opening their capital account to foreign investment. This is all in the Article IV Consultations... [...if Iraq floated their currency they would go bankrupt.] ...the CBI controls the currency and the amount of currency in circulation just like any other country. Some 200 countries float their currency are they bankrupt? Every single one of us should hope and pray the CBI gives up the peg chooses a new exchange rate regime that is a float and allows the dinar to gradually rise over time as the IMF stated allowing them to reduce the money supply.
11-12-2018 Newshound/Intel Guru Mnt Goat Article: "WHY ARE IRAQ'S KIRKUK OILFIELDS SO IMPORTANT?" Quote: "Iraq’s oilfields in the disputed Kirkuk region have taken on new significance after the United States restored oil sanctions against neighboring Iran. Washington is pressuring Baghdad to resume exports that stopped last year." This is a great insight into Article 140 and the necessity to pass a referendum on it and implement it into law.
11-12-2018 Newshound Guru MilitiaMan ...Pretty sure this all comes out the day before Alak is to be in Parliament.. The day before the UN has a topic on IRaq as well... Did we not recently hear Pompeo and Mnuchin speak in finance and economic circumstance done in IRaq, then Trump and Macron Support the new Mahdi GOI? Yep, Oh and yes the Paris Club... ...Kind interesting that Parliament has the 2019 budget on deck and we learned the payments start for the Paris agreement in 2019... All key items timed so ever accordingly...it should give a calming effect for those that thought this was simply flip the switch already...It is and has been a very complex undertaking that was like and ebb and flow tide. Always moving toward a common ground...I suspect if one is following along, this is starting to show a pattern of motion in more of a one direction specifically, and that is internationalism. imo. [post 2 of 2]
11-12-2018 Newshound Guru MilitiaMan They are telling us they are literally coming on stage internationally. Today they are actively spelling out internationalism based on statements... Quote: "The governor of the Central Bank of Iraq Ali al-Alaq, Sunday 11 November 2018, that the actions taken by the bank was sufficient to move Iraq to the normal follow-up area." That to me means they are just like every well organized bank that is involved in doing international trade. Equal footing if you will. Level playing field!! . Quote: "This new indicator will enable all international financial institutions to open their doors and their relationship with our banking institutions in Iraq..." [post 1 of 2....stay tuned]
11-12-2018 Intel Guru Delta CBI DID NOT REPORT AUCTION FOR TODAY [SUNDAY]!!! [...does that mean the process of canceling auction coming to an end.] WE SHOULD FIND OUT IN THE NEXT 24- 48 HRS...
11-12-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament's schedule for tomorrow does not include voting on unfilled ministerial positions. Iraqi MP says nominees for unfilled minister positions have been decided except for Defense & Interior Ministers. PM wants to avoid announcing names to avoid political attacks. Defense Minister semi-decided but no progress on Interior Minister.
11-12-2018 Newshound Guru ChrisC I have formulated something from one of my favorite literary characters, Sherlock Holmes. Sherlock says “How often have I said to you that when you have eliminated the impossible, whatever remains, however improbable, must be the truth?” ISIS is no longer a problem, there is safety and security, enough that an oil rig operator I know that said he would never go back is going back, a fully formed government (or just about), they have sanctions off of them and assets returned and the full support of the whole World. [post 1 of 2....stay tuned]
11-12-2018 Newshound Guru Kaperoni ...The IQD is not on a managed float but a peg to the dollar...As for a float in the future, the IMF is very clear on this directive as Iraq needs to exit the peg prior to opening their capital account to foreign investment. This is all in the Article IV Consultations... [...if Iraq floated their currency they would go bankrupt.] ...the CBI controls the currency and the amount of currency in circulation just like any other country. Some 200 countries float their currency are they bankrupt? Every single one of us should hope and pray the CBI gives up the peg chooses a new exchange rate regime that is a float and allows the dinar to gradually rise over time as the IMF stated allowing them to reduce the money supply.
11-12-2018 Newshound/Intel Guru Mnt Goat Article: "WHY ARE IRAQ'S KIRKUK OILFIELDS SO IMPORTANT?" Quote: "Iraq’s oilfields in the disputed Kirkuk region have taken on new significance after the United States restored oil sanctions against neighboring Iran. Washington is pressuring Baghdad to resume exports that stopped last year." This is a great insight into Article 140 and the necessity to pass a referendum on it and implement it into law.
11-12-2018 Newshound Guru MilitiaMan ...Pretty sure this all comes out the day before Alak is to be in Parliament.. The day before the UN has a topic on IRaq as well... Did we not recently hear Pompeo and Mnuchin speak in finance and economic circumstance done in IRaq, then Trump and Macron Support the new Mahdi GOI? Yep, Oh and yes the Paris Club... ...Kind interesting that Parliament has the 2019 budget on deck and we learned the payments start for the Paris agreement in 2019... All key items timed so ever accordingly...it should give a calming effect for those that thought this was simply flip the switch already...It is and has been a very complex undertaking that was like and ebb and flow tide. Always moving toward a common ground...I suspect if one is following along, this is starting to show a pattern of motion in more of a one direction specifically, and that is internationalism. imo. [post 2 of 2]
11-12-2018 Newshound Guru MilitiaMan They are telling us they are literally coming on stage internationally. Today they are actively spelling out internationalism based on statements... Quote: "The governor of the Central Bank of Iraq Ali al-Alaq, Sunday 11 November 2018, that the actions taken by the bank was sufficient to move Iraq to the normal follow-up area." That to me means they are just like every well organized bank that is involved in doing international trade. Equal footing if you will. Level playing field!! . Quote: "This new indicator will enable all international financial institutions to open their doors and their relationship with our banking institutions in Iraq..." [post 1 of 2....stay tuned]
11-12-2018 Intel Guru Delta CBI DID NOT REPORT AUCTION FOR TODAY [SUNDAY]!!! [...does that mean the process of canceling auction coming to an end.] WE SHOULD FIND OUT IN THE NEXT 24- 48 HRS...
11-12-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament's schedule for tomorrow does not include voting on unfilled ministerial positions. Iraqi MP says nominees for unfilled minister positions have been decided except for Defense & Interior Ministers. PM wants to avoid announcing names to avoid political attacks. Defense Minister semi-decided but no progress on Interior Minister.
11-11-2018 Newshound Guru tlm724 Article: "Central Bank: Our banking procedures transferred Iraq to the normal follow-up area" Quote: "All of the international financial institutions will be able to open their doors and relationships with our banking institutions in Iraq."
11-11-2018 Intel Guru RayRen98 Electronic cards (possibly considered a national card) were distributed to the citizens of Iraq but no new rates were revealed. Their government is attempting to increase the allocated amounts. Iraqi TV is reporting that the remaining cabinet members will be voted and confirmed on Monday's Parliament session.
11-11-2018 Newshound/Intel Guru Mnt Goat Article: "THE SCANDAL OF THE CENTRAL BANK, WHICH IS PREOCCUPIED WITH THE NAME OF ITS CURRENCY" I really like this article...It is telling the CBI that they put the effort in the wrong direction for currency reform. Instead the effort should be in the value and deleting the zeros. So this is more pressure from more sources to get this project done...
11-11-2018 Newshound Guru MilitiaMan We have recent data that supports they have now over $60 billion in reserves along with about 96.5 tonnes of gold, they have taxes and tariffs that match their 4.6 million barrel out put a day at or over $69.00 a barrel which is far the $56 in the budget for 2019, if I read that correct. So I see support for them coming back to the glory days.. imo.
11-11-2018 Intel Guru RayRen98 Articles are indicating that (once again) HCL agreements have been reached regarding payments to the citizens. [Some are claiming that THIS was the holdup...Time Will Tell]. Iraq TV broadcast a speech by PM Madhi at the Baghdad International Fair indicating his main goal is to return the economy to a favored state with more concentration on the private sector. 17+ countries and over 700 companies are in attendance. The Kurds have reached an agreement on the oil fields in Kirkuk, finalization is expected by the end of November.
11-11-2018 Intel Guru Delta Article: "Qatar offers to use its banks to circumvent sanctions against Iran" HUGE PART!!! Quote: "Even with this exception, Washington has obliged Baghdad to open an account in Iraqi dinars to pay for Iranian imports, a new restriction on remittances between Iraq and Iran". THEY CAN'T DO REMITTANCE BETWEEN IQD AND IRR AND WASHINGTON KNOW THAT. THEY NEED ARTICLE 8 FOR THIS ACTION AND THEY CAN'T MOVE TO ARTICLE 8 WITHOUT LIFTING ZEROS...
11-11-2018 Intel Guru RayRen98 Electronic cards (possibly considered a national card) were distributed to the citizens of Iraq but no new rates were revealed. Their government is attempting to increase the allocated amounts. Iraqi TV is reporting that the remaining cabinet members will be voted and confirmed on Monday's Parliament session.
11-11-2018 Newshound/Intel Guru Mnt Goat Article: "THE SCANDAL OF THE CENTRAL BANK, WHICH IS PREOCCUPIED WITH THE NAME OF ITS CURRENCY" I really like this article...It is telling the CBI that they put the effort in the wrong direction for currency reform. Instead the effort should be in the value and deleting the zeros. So this is more pressure from more sources to get this project done...
11-11-2018 Newshound Guru MilitiaMan We have recent data that supports they have now over $60 billion in reserves along with about 96.5 tonnes of gold, they have taxes and tariffs that match their 4.6 million barrel out put a day at or over $69.00 a barrel which is far the $56 in the budget for 2019, if I read that correct. So I see support for them coming back to the glory days.. imo.
11-11-2018 Intel Guru RayRen98 Articles are indicating that (once again) HCL agreements have been reached regarding payments to the citizens. [Some are claiming that THIS was the holdup...Time Will Tell]. Iraq TV broadcast a speech by PM Madhi at the Baghdad International Fair indicating his main goal is to return the economy to a favored state with more concentration on the private sector. 17+ countries and over 700 companies are in attendance. The Kurds have reached an agreement on the oil fields in Kirkuk, finalization is expected by the end of November.
11-11-2018 Intel Guru Delta Article: "Qatar offers to use its banks to circumvent sanctions against Iran" HUGE PART!!! Quote: "Even with this exception, Washington has obliged Baghdad to open an account in Iraqi dinars to pay for Iranian imports, a new restriction on remittances between Iraq and Iran". THEY CAN'T DO REMITTANCE BETWEEN IQD AND IRR AND WASHINGTON KNOW THAT. THEY NEED ARTICLE 8 FOR THIS ACTION AND THEY CAN'T MOVE TO ARTICLE 8 WITHOUT LIFTING ZEROS...
11-10-2018 Intel/Newshound Guru Poppy3 IF THE FIGURES ARE CORRECT ON THE KUWAIT DINAR BANK EXCHANGE FOR IRAQ AT $4000.00 DINAR = TO $14,000.00 THAT COMPUTES TO APPROXIMATELY $2.89. I KNOW THAT DOESN'T AT THIS TIME EFFECT US BUT THAT RATE IS CONSISTENT TO MOST PROJECTION OF THE THREE DOLLAR RAGE EXPECTED. I AM ENCOURAGED GREATLY ON WHAT IS HAPPENING.
11-10-2018 Intel Guru ADMINBILL I WOULD SAY THAT WE MAY ACTUALLY NEARING AN END TO THE PROCESS...I DON'T HAVE A SPECIFIC TIME FRAME BUT THE FEELING THAT WE ARE MARCHING TO THE DAY WHEN YOUR FINANCIAL SECURITY WILL BE IN THE BANK. SO HANG IN FOR HOWEVER MUCH LONGER THE WAIT IS.
11-10-2018 Newshound/Intel Guru David M. Witty US gives Iraq an exemption to Iranian sanctions for 45 days to allow it to import Iranian gas & electricity. Iraq must develop a plan to ween itself from Iranian imports.
11-10-2018 Newshound/Intel Guru BGG 3) It gives us an idea as to who is was charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki, at that point. Period. Historically – he had been a “weak Dinar” policy advocate. Are they likely to now push this forward? Make note, Mahdi is an actual economist and was one of the Vice Presidents of Iraq from 2005 to 2011. He formerly served as the Finance Minister in the Interim government and Oil Minister from 2014 to 2016 (Wikipedia sourced). There has been a flurry of references to this same aforementioned “project” recently in various news articles. 4) Though no guarantee of a future plan they wind up engaging – this report pointed out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″… [post 3 of 3]
11-10-2018 Newshound/Intel Guru BGG I have often pointed out this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGIR report gives us some VERY valuable insights…1) This was information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. This goes directly to the validity of this venture – against all advice from Wells Fargo or other such naysayers. 2) It points out there had been a legitimate “plan” – or time frame in motion… having been projected to be done in 2013. What the current time frame is now, or what the current plan is – hard to say. [post 2 of 3....stay tuned]
11-10-2018 Newshound/Intel Guru BGG Flashback – The Iraqi Dinar is the official currency of a COUNTRY. For any bank, banker, lawmaker, adviser or official (of any kind) to make the statement “the Dinar is a scam” is JUST... foolish...The Iraqi Dinar is the official currency of a COUNTRY. Numerous times I have pointed to SIGIR Report as guidance. THIS REPORT WAS SENT TO CONGRESS IN MAY of 2012. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO BE VALUED AT AROUND A DOLLAR IN 2013...For ANY member of our Government to say they have no idea what is going on here – means they simply haven’t read some very basic documents presented them. [post 1 of 3....stay tuned]
11-10-2018 Newshound/Intel Guru Mnt Goat I also told you this is multi-facet and there are many parts to it. This is VERY big and complex. So, the CBI needs to get to the reinstatement part and get to a point AGAIN when they can request permission to reinstate. But this is not the final end. Once the permission is given, the CBI then can begin the launch the smaller, smaller category notes (5,10,25,etc) and work their way up to the .83 cents (approx). But as I told you they get the permission and then it is pulled away once they move ahead again. This is an obstacle but remember they also have to proceed with the process first and it is not as simple as getting permission and then the RV appears. There is a process in between. Be patient! [post 2 of 2]
11-10-2018 Newshound/Intel Guru Mnt Goat ... I have been telling you in my “project to delete the zeros” and how it will first get revalued in-country within Iraq (not yet on the currency exchanges). Then up to 2-4 weeks later, once it is stable in Iraq and no hyper-inflation situations arise (checked for inflation), the CBI then intends to unleash the dinar on the international markets, thus requesting the reinstatement. So far they get to a certain point and the project keeps getting put on hold or stalled. So recently we heard that there was the largest busting up of a counterfeit ring within Iraq...we know they need to break up these rings of counterfeiters prior to the RV. [post 1 of 2....stay tuned]
11-10-2018 Intel Guru ADMINBILL I WOULD SAY THAT WE MAY ACTUALLY NEARING AN END TO THE PROCESS...I DON'T HAVE A SPECIFIC TIME FRAME BUT THE FEELING THAT WE ARE MARCHING TO THE DAY WHEN YOUR FINANCIAL SECURITY WILL BE IN THE BANK. SO HANG IN FOR HOWEVER MUCH LONGER THE WAIT IS.
11-10-2018 Newshound/Intel Guru David M. Witty US gives Iraq an exemption to Iranian sanctions for 45 days to allow it to import Iranian gas & electricity. Iraq must develop a plan to ween itself from Iranian imports.
11-10-2018 Newshound/Intel Guru BGG 3) It gives us an idea as to who is was charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki, at that point. Period. Historically – he had been a “weak Dinar” policy advocate. Are they likely to now push this forward? Make note, Mahdi is an actual economist and was one of the Vice Presidents of Iraq from 2005 to 2011. He formerly served as the Finance Minister in the Interim government and Oil Minister from 2014 to 2016 (Wikipedia sourced). There has been a flurry of references to this same aforementioned “project” recently in various news articles. 4) Though no guarantee of a future plan they wind up engaging – this report pointed out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″… [post 3 of 3]
11-10-2018 Newshound/Intel Guru BGG I have often pointed out this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGIR report gives us some VERY valuable insights…1) This was information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. This goes directly to the validity of this venture – against all advice from Wells Fargo or other such naysayers. 2) It points out there had been a legitimate “plan” – or time frame in motion… having been projected to be done in 2013. What the current time frame is now, or what the current plan is – hard to say. [post 2 of 3....stay tuned]
11-10-2018 Newshound/Intel Guru BGG Flashback – The Iraqi Dinar is the official currency of a COUNTRY. For any bank, banker, lawmaker, adviser or official (of any kind) to make the statement “the Dinar is a scam” is JUST... foolish...The Iraqi Dinar is the official currency of a COUNTRY. Numerous times I have pointed to SIGIR Report as guidance. THIS REPORT WAS SENT TO CONGRESS IN MAY of 2012. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO BE VALUED AT AROUND A DOLLAR IN 2013...For ANY member of our Government to say they have no idea what is going on here – means they simply haven’t read some very basic documents presented them. [post 1 of 3....stay tuned]
11-10-2018 Newshound/Intel Guru Mnt Goat I also told you this is multi-facet and there are many parts to it. This is VERY big and complex. So, the CBI needs to get to the reinstatement part and get to a point AGAIN when they can request permission to reinstate. But this is not the final end. Once the permission is given, the CBI then can begin the launch the smaller, smaller category notes (5,10,25,etc) and work their way up to the .83 cents (approx). But as I told you they get the permission and then it is pulled away once they move ahead again. This is an obstacle but remember they also have to proceed with the process first and it is not as simple as getting permission and then the RV appears. There is a process in between. Be patient! [post 2 of 2]
11-10-2018 Newshound/Intel Guru Mnt Goat ... I have been telling you in my “project to delete the zeros” and how it will first get revalued in-country within Iraq (not yet on the currency exchanges). Then up to 2-4 weeks later, once it is stable in Iraq and no hyper-inflation situations arise (checked for inflation), the CBI then intends to unleash the dinar on the international markets, thus requesting the reinstatement. So far they get to a certain point and the project keeps getting put on hold or stalled. So recently we heard that there was the largest busting up of a counterfeit ring within Iraq...we know they need to break up these rings of counterfeiters prior to the RV. [post 1 of 2....stay tuned]
11-9-2018 Newshound Guru chattels Large volume of currency sold at auction...The Central Bank is selling $ 225 million in the currency auction today [Thursday] | 07/11/2018...Typically ( of late ) large volume sales are an effort by the CBI to maintain stability in the rate / value of the dinar against the dollar.
11-9-2018 Newshound Guru MilitiaMan Article: "Documents .. Signatures to distribute the amount of each barrel of oil to the Iraqis" I am not sure how many signatures they'll need, but, the fact that they are collecting them makes me happy as all get out. They get this done, and for all citizens get a slice of every barrel of oil on their cards... Who wouldn't sign it after all these years? Lets not forget the possible motive to put pressure next door, as we watch the unrest. Like we have talked about of recent, the IQD brings purchase power the neighbors are going to be jealous.. imo.
11-9-2018 Newshound/Intel Guru Arthur ...when the HCL is fully implemented in Iraq, an Iraqi citizen must be able to swipe their Qi card and receive monthly oil benefits anywhere in the world in the currency of whatever country they happen to be in. That will require an internationally recognized, revalued currency just as Kuwait has. Once fully implemented, then and only then will we see any significant increase in value in the IQD. [post 2 of 2]
11-9-2018 Newshound/Intel Guru Arthur There is finally something to talk about. Yesterday Fifty deputies signed for the deduction of the amount of each barrel of oil and distribution to each individual Iraqi. This is the long awaited HCL. This event is not just about international Dinarians getting a tremendous return on their investment. It is more about Iraqi citizens being paid from the enormous oil wealth of Iraq. ...oil rich neighbor Kuwait provides their citizens a monthly food supply... If the government can not find a job for a citizen that citizen gets 200 KD ($650) per month until they are employed. If a citizen works in the private sector...they earn 900 KD per month in addition to the salary their employer provides (that’s almost $3,000 USD per month on TOP of their regular salary!). All Children get $200/mo till their 26 years old. The minimum pension is 1000 KWD ($3,000). Healthcare and education are free... [post 1 of 2....stay tuned]
11-9-2018 Intel Guru Bruce ...I know Iraq is looking for some type of approval from the IMF for something regarding Chapter 8. ...My understanding is Chapter 8 is a United Nations thing that takes you from Chapter 7 which they completed to Chapter 8, and I believe is IMF is just acknowledging Chapter 8 from the UN that should take place tomorrow [Friday]. ...I know certain Iraqis that we talk to...that are part of our extended team are indicating that they are excited and they are looking forward to things popping here. ...Realistically they could pull the trigger anytime...it appears we are in a window that should take us into completion by the weekend whether that is tomorrow [Friday], Saturday, or Sunday. We should be there in that time frame. ...I am telling you right now the banks have everything they need in place with rates up to go...
11-9-2018 Newshound Guru MilitiaMan Article: "Documents .. Signatures to distribute the amount of each barrel of oil to the Iraqis" I am not sure how many signatures they'll need, but, the fact that they are collecting them makes me happy as all get out. They get this done, and for all citizens get a slice of every barrel of oil on their cards... Who wouldn't sign it after all these years? Lets not forget the possible motive to put pressure next door, as we watch the unrest. Like we have talked about of recent, the IQD brings purchase power the neighbors are going to be jealous.. imo.
11-9-2018 Newshound/Intel Guru Arthur ...when the HCL is fully implemented in Iraq, an Iraqi citizen must be able to swipe their Qi card and receive monthly oil benefits anywhere in the world in the currency of whatever country they happen to be in. That will require an internationally recognized, revalued currency just as Kuwait has. Once fully implemented, then and only then will we see any significant increase in value in the IQD. [post 2 of 2]
11-9-2018 Newshound/Intel Guru Arthur There is finally something to talk about. Yesterday Fifty deputies signed for the deduction of the amount of each barrel of oil and distribution to each individual Iraqi. This is the long awaited HCL. This event is not just about international Dinarians getting a tremendous return on their investment. It is more about Iraqi citizens being paid from the enormous oil wealth of Iraq. ...oil rich neighbor Kuwait provides their citizens a monthly food supply... If the government can not find a job for a citizen that citizen gets 200 KD ($650) per month until they are employed. If a citizen works in the private sector...they earn 900 KD per month in addition to the salary their employer provides (that’s almost $3,000 USD per month on TOP of their regular salary!). All Children get $200/mo till their 26 years old. The minimum pension is 1000 KWD ($3,000). Healthcare and education are free... [post 1 of 2....stay tuned]
11-9-2018 Intel Guru Bruce ...I know Iraq is looking for some type of approval from the IMF for something regarding Chapter 8. ...My understanding is Chapter 8 is a United Nations thing that takes you from Chapter 7 which they completed to Chapter 8, and I believe is IMF is just acknowledging Chapter 8 from the UN that should take place tomorrow [Friday]. ...I know certain Iraqis that we talk to...that are part of our extended team are indicating that they are excited and they are looking forward to things popping here. ...Realistically they could pull the trigger anytime...it appears we are in a window that should take us into completion by the weekend whether that is tomorrow [Friday], Saturday, or Sunday. We should be there in that time frame. ...I am telling you right now the banks have everything they need in place with rates up to go...
11-8-2018 Intel/Newshound Guru sandyf ...This supposedly international event has only ever been under the US microscope. The Iraqi dinar was not the only speculative investment I got involved with all these years ago and the informational waveform would indicate a connection to a singular event. Earlier this year other entities indicated that there could be some sort of conclusion towards the tail end of this year. We are now weeks away and as yet there has been no backtracking, on previous occasions backtracking came months before the anticipated timeframe...
11-8-2018 Newshound Guru chattels Article: "The House of Representatives raises its meeting to the next Saturday at one o'clock" Parliament met today and adjourned until Saturday.
11-8-2018 Newshound/Intel Guru Mnt Goat Article quote: "The United States has told Iraq it will continue to import vital supplies of gas, energy and food from Iran after Washington reinstates sanctions on Iran’s oil sector, three Iraqi officials said. Exemption from Iraq IS CONTINGENT ON IRAN NOT PAYING THE PRICE OF IMPORTS IN US DOLLARS..." Okay so then how will Iraq pay for the imports? According to the currency auctions this is supposed to be used for this purpose to convert dinars to US dollars and then pay them in dollars. Will they use instead Euros or another currency? Will they use dinars? So we should see the currency auctions going way down after these sanctions kick in. Let’s not do a knee jerk reaction when we see it and claims it’s the RV since now we know what is causing it.
11-8-2018 Newshound Guru Kaperoni ...the dinar is already legal tender throughout the world. Once IMF Article VIII happens it will make banking and acceptance more available. There is no reinstatement the dinar value is what it is and currently 1190 to $1. If the dinar rises it will occur gradually via a new exchange rate regime which will be a float..not some overnight event. [You can always see the current CBI OFFICIAL dinar rate and MARKET rate in the left column of this page.]
11-8-2018 Newshound Guru chattels The Constitution of Iraq does not require three deputies to the President or VP's. There must be at least one and there may be more, but constitutionally speaking no change is necessary. Article 66, Second, states as follows : " A law shall regulate the nomination of one deputy or more for the President of the Republic." Abadi tried to do away with all VP's and failed. Historically there have been three, one each from Shia, Sunni and Kurdish factions.
11-8-2018 Newshound Guru Breitling As far as the dinar goes, it looks so phenomenal, it truly does. We are in a very very good spot. And now we have an entire country pushing it…Let me throw this out there just as a scenario…Let’s say Iran is not attached to the Iraqi dinar at all. Then it’s strictly oil prices. But Iran is attached to Iraq. So what if they force a revaluation or decide to have a revaluation before the price per barrel goes down? That could happen…that’s why we live in a different world. That could happen with the relationship they have with Iran. It would stabilize Iraq and Iran in that region if they added value to it. It would counter the sanctions…the language I’m hearing out of Iraq is that’s what’s coming down the road. That’s what they’re negotiating. Now Iraq hasn’t bought into it yet but that’s what’s going on out there.
11-8-2018 Newshound Guru chattels Article: "The House of Representatives raises its meeting to the next Saturday at one o'clock" Parliament met today and adjourned until Saturday.
11-8-2018 Newshound/Intel Guru Mnt Goat Article quote: "The United States has told Iraq it will continue to import vital supplies of gas, energy and food from Iran after Washington reinstates sanctions on Iran’s oil sector, three Iraqi officials said. Exemption from Iraq IS CONTINGENT ON IRAN NOT PAYING THE PRICE OF IMPORTS IN US DOLLARS..." Okay so then how will Iraq pay for the imports? According to the currency auctions this is supposed to be used for this purpose to convert dinars to US dollars and then pay them in dollars. Will they use instead Euros or another currency? Will they use dinars? So we should see the currency auctions going way down after these sanctions kick in. Let’s not do a knee jerk reaction when we see it and claims it’s the RV since now we know what is causing it.
11-8-2018 Newshound Guru Kaperoni ...the dinar is already legal tender throughout the world. Once IMF Article VIII happens it will make banking and acceptance more available. There is no reinstatement the dinar value is what it is and currently 1190 to $1. If the dinar rises it will occur gradually via a new exchange rate regime which will be a float..not some overnight event. [You can always see the current CBI OFFICIAL dinar rate and MARKET rate in the left column of this page.]
11-8-2018 Newshound Guru chattels The Constitution of Iraq does not require three deputies to the President or VP's. There must be at least one and there may be more, but constitutionally speaking no change is necessary. Article 66, Second, states as follows : " A law shall regulate the nomination of one deputy or more for the President of the Republic." Abadi tried to do away with all VP's and failed. Historically there have been three, one each from Shia, Sunni and Kurdish factions.
11-8-2018 Newshound Guru Breitling As far as the dinar goes, it looks so phenomenal, it truly does. We are in a very very good spot. And now we have an entire country pushing it…Let me throw this out there just as a scenario…Let’s say Iran is not attached to the Iraqi dinar at all. Then it’s strictly oil prices. But Iran is attached to Iraq. So what if they force a revaluation or decide to have a revaluation before the price per barrel goes down? That could happen…that’s why we live in a different world. That could happen with the relationship they have with Iran. It would stabilize Iraq and Iran in that region if they added value to it. It would counter the sanctions…the language I’m hearing out of Iraq is that’s what’s coming down the road. That’s what they’re negotiating. Now Iraq hasn’t bought into it yet but that’s what’s going on out there.
11-7-2018 **** Dinar Guru News Update ***** After a month of no updates...the CBI reported the MARKET rate of the dinar today as 1204. The update included the MARKET rate for every business day between October 8th and November 7th which traded between 1203 to 1208 over this timespan. These rates are well within the 2% IMF requirement between the OFFICIAL rate and the MARKET rate some gurus feel must be maintained for Article 8 compliance. Stay tuned as more information comes in from the Central Bank of Iraq. The latest guru posts will continue below...
11-7-2018 Newshound Guru Adam Montana [Do you believe that the re-institution of Iran's sanctions, which limits where and to whom Iran can sell its oil, will result in an uptick in the price of oil? If this occurs, could this be a reason for the Iraq to consider RVing in the near term to take advantage of the higher price of oil?] That is certainly an angle I keep an eye on just to monitor my oil related investments, but I do not see it as a direct "hot button" that will prompt Iraq to RV. It will certainly have an impact on their bottom line, but it is not the "deciding factor".
11-7-2018 Newshound Guru chattels #Iraq parliament met Tue but did not consider completion of cabinet. Next meeting scheduled for Thur...Tune in tomorrow...
11-7-2018 Newshound/Intel Guru Mnt Goat Article: "PROJECT TO BE DISCUSSED BY THE PARLIAMENT, REDUCING THE NUMBER OF VICE PRESIDENTS FROM THREE TO ONE" This article is one that I consider a WOW article. ...First we find out why Maliki has not yet been prosecuted for the fall of Mosul. Then we can see the political maneuvering by Maliki to save his own skin. Simply put – he wants the immunity and he needs the VP position. Secondly we see how they have not yet announced the three new VPs and want to change the constitution to have only one (1). But this will be very difficult to do since what tribe will the VP belong to? Right now its a balance between the three tribes as each Sunni, Sheite and Kurd is represented. We are told that they would be announced at the same time as the rest of the ministers. The count for the ministers is now up to 6 from 4 last week that are not yet ratified. There are a total of 8 still to be announced and voted on.
11-7-2018 Newshound Guru Adam Montana ..."Mahdi is cleaning house". YEP! The wheels are turning. The transition is rolling along, and that's the best news we can ask for. Keep it moving, Mahdi! I see all of this as a good sign. There are no major upheavals, nothing shocking, and nothing scary has happened in the last week. Things are proceeding smoothly...we DO have is solid progress...Stay patient, friends.
11-7-2018 Newshound Guru Breitling What did Iraq say they were going to do? They even told everybody how they were going to do it and the time period they are going to take to get the currency you and I have off the market and introduce the new currency that represent the higher rate that can interact with the rest of the world. There is a transition period in the middle of that. Nothing more. It’s not complicated. Everybody makes things more complicated than they really are. Everything is simple…always start with the intent of what the CBI wants to do. They want to add value to their currency…That’s it.
11-7-2018 Intel Guru Delta & Newshound Guru MilitiaMan
QD/USD (IQDUSD=X)
Previous Close 0.001
Open 0.001
Bid 0.001
Day's Range 0.001 - 0.001
52 Week Range 0.0008 - 0.0009
Ask 0.001
Now that is interesting movement in value and if it holds then, a international calculation can get applied to it in short order...IMO.
11-7-2018 Intel Guru Bruce ...We had back...this past Sunday...information that talked about dates. We had information that talked about the 7th and 8th, tomorrow [Wednesday] and Thursday. I feel like that is probably in the right realm where we should be. So I feel like we're in the place where things could happen. ...we know Iraq is done. We have a rate...that is solid on the front screens at the bank. It is solid and it reflects which is going to be seen if it is not seen already, on the CBI site... I think everything is coming together nicely...we are pretty much lined up and ready to start. [post 2 of 2]
11-7-2018 Intel Guru Bruce [via PinkRoses] ...yesterday we understood our President along with Steven Munchin, our Treasury Secretary, and Mike Pompeo, our Secretary of State that we had some interesting couple of phone calls in the morning with China, with President Xi and the Minister of Finance. They were very positive calls. As a result there was an encrypted letter sent all the way to the West coast, the Big R, and it was more or less, I believe, it was instruction of the timing to release everything. [post 1 of 2....stay tuned]
11-7-2018 Newshound Guru chattels #Iraq parliament met Tue but did not consider completion of cabinet. Next meeting scheduled for Thur...Tune in tomorrow...
11-7-2018 Newshound/Intel Guru Mnt Goat Article: "PROJECT TO BE DISCUSSED BY THE PARLIAMENT, REDUCING THE NUMBER OF VICE PRESIDENTS FROM THREE TO ONE" This article is one that I consider a WOW article. ...First we find out why Maliki has not yet been prosecuted for the fall of Mosul. Then we can see the political maneuvering by Maliki to save his own skin. Simply put – he wants the immunity and he needs the VP position. Secondly we see how they have not yet announced the three new VPs and want to change the constitution to have only one (1). But this will be very difficult to do since what tribe will the VP belong to? Right now its a balance between the three tribes as each Sunni, Sheite and Kurd is represented. We are told that they would be announced at the same time as the rest of the ministers. The count for the ministers is now up to 6 from 4 last week that are not yet ratified. There are a total of 8 still to be announced and voted on.
11-7-2018 Newshound Guru Adam Montana ..."Mahdi is cleaning house". YEP! The wheels are turning. The transition is rolling along, and that's the best news we can ask for. Keep it moving, Mahdi! I see all of this as a good sign. There are no major upheavals, nothing shocking, and nothing scary has happened in the last week. Things are proceeding smoothly...we DO have is solid progress...Stay patient, friends.
11-7-2018 Newshound Guru Breitling What did Iraq say they were going to do? They even told everybody how they were going to do it and the time period they are going to take to get the currency you and I have off the market and introduce the new currency that represent the higher rate that can interact with the rest of the world. There is a transition period in the middle of that. Nothing more. It’s not complicated. Everybody makes things more complicated than they really are. Everything is simple…always start with the intent of what the CBI wants to do. They want to add value to their currency…That’s it.
11-7-2018 Intel Guru Delta & Newshound Guru MilitiaMan
QD/USD (IQDUSD=X)
Previous Close 0.001
Open 0.001
Bid 0.001
Day's Range 0.001 - 0.001
52 Week Range 0.0008 - 0.0009
Ask 0.001
Now that is interesting movement in value and if it holds then, a international calculation can get applied to it in short order...IMO.
11-7-2018 Intel Guru Bruce ...We had back...this past Sunday...information that talked about dates. We had information that talked about the 7th and 8th, tomorrow [Wednesday] and Thursday. I feel like that is probably in the right realm where we should be. So I feel like we're in the place where things could happen. ...we know Iraq is done. We have a rate...that is solid on the front screens at the bank. It is solid and it reflects which is going to be seen if it is not seen already, on the CBI site... I think everything is coming together nicely...we are pretty much lined up and ready to start. [post 2 of 2]
11-7-2018 Intel Guru Bruce [via PinkRoses] ...yesterday we understood our President along with Steven Munchin, our Treasury Secretary, and Mike Pompeo, our Secretary of State that we had some interesting couple of phone calls in the morning with China, with President Xi and the Minister of Finance. They were very positive calls. As a result there was an encrypted letter sent all the way to the West coast, the Big R, and it was more or less, I believe, it was instruction of the timing to release everything. [post 1 of 2....stay tuned]
11-6-2018 Newshound Guru Breitling Where do I get my information from? It comes from an authority…I’m getting my math, my information from the authority…from the people who say they’re going to revalue. The people who are in control of the country’s currency in Iraq. That’s it. If it doesn’t happen, it’s because of something they did. If it happens…it’s something they did. But I’m speculating on it because of something they said. And I believe they can do it. And I believe they’re going to do it. That’s it. My opinion is based on that information and that information only…my option is yeah, it’s worth speculating on. I believe that.
11-6-2018 Newshound/Intel Guru Mnt Goat Article: "APPEARANCE OF MOHAMMED SALEH: IRAQ AND THE WORLD TRADE ORGANIZATION" ...this is a very long article and so let me try to sum it up for you: Mohammed Saleh, the deputy financial advisor to the GOI, is assessing the opportunity cost of joining the WTO. Does Iraq really care about joining? He concludes that YES Iraq does want to join. ...The long path to WTO ascension is the ability to go along with the BIG guys and play their game since the markets are dominated by so few who control the entire international market; the long-term survival of Iraq depends on international trade, secure international investment and a commercial environment; one of the major obstacles is the INABILITY of a “strong payment program”. How they transfer funds (SWIFT system) and use of currency (currency reform).
11-6-2018 Newshound Guru David M. Witty Iraqi sources say PM Abdel-Mahdi will attempt to present 5 ministers to Parliament today & hopes to get vote of approval. Still no word on Defense Minister. Iraqi government asks Parliament not to return the 2019 national budget for revision.
11-6-2018 Newshound Guru Breitling …Everything has changed for you and me as far as Iraq goes. Everything. Because as of today Iran is officially broke…they need money and if Iraq is blocking them from getting U.S. dollars…out of the Iraq economy then you’re going to see pressures from Iran because Iran has Iraqi dinar. That countdown is official today. Don’t get your underwear all bunched up in a wad…It’s not going to revalue tomorrow…I shouldn’t say that because nobody knows if it’s going to revalue…
11-6-2018 Intel Guru Frank26 [via Clare] Highlights: Iraq Social Media Hot right now... Reassuring Citizens, still going to lift the 3 zeros. Iran has Dinars...it looks like Iran is forcing Iraq to revalue their currency, with it's demand of payment for Electricity. 60% of Paris Club debt has been reduced...given reduction, for the RI of IQD! RI is fact occurring @ 1-1. Reduction will help with RV next year, the same way the ME Basket solidly formed will help the RV in 2019...it's a precursor... they are telling Iraq, go ahead join the international community. Alak will be named Gov. of CBI...comes from powerful, influential family...but not popular...BUT...the best of the worst. A lot of comments on CBI social media...would be nice to have official announcement of Alak, its a precursor, then ART 2 [2nd Article]. Art 2 is Coming!!! They are educating the citizens...looks good for November.
11-6-2018 Newshound/Intel Guru Mnt Goat Again I am telling everyone to STOP...watching for the completion of a single event then the RV will happen. How many events in the past do they attempt to peg the RV to that didn’t happen or happened and still we sit...It is now early November and so do NOT expect any reinstatement until at least EARLY 2019 (more likely in early January sometime)...
11-6-2018 Newshound/Intel Guru Mnt Goat Article: "APPEARANCE OF MOHAMMED SALEH: IRAQ AND THE WORLD TRADE ORGANIZATION" ...this is a very long article and so let me try to sum it up for you: Mohammed Saleh, the deputy financial advisor to the GOI, is assessing the opportunity cost of joining the WTO. Does Iraq really care about joining? He concludes that YES Iraq does want to join. ...The long path to WTO ascension is the ability to go along with the BIG guys and play their game since the markets are dominated by so few who control the entire international market; the long-term survival of Iraq depends on international trade, secure international investment and a commercial environment; one of the major obstacles is the INABILITY of a “strong payment program”. How they transfer funds (SWIFT system) and use of currency (currency reform).
11-6-2018 Newshound Guru David M. Witty Iraqi sources say PM Abdel-Mahdi will attempt to present 5 ministers to Parliament today & hopes to get vote of approval. Still no word on Defense Minister. Iraqi government asks Parliament not to return the 2019 national budget for revision.
11-6-2018 Newshound Guru Breitling …Everything has changed for you and me as far as Iraq goes. Everything. Because as of today Iran is officially broke…they need money and if Iraq is blocking them from getting U.S. dollars…out of the Iraq economy then you’re going to see pressures from Iran because Iran has Iraqi dinar. That countdown is official today. Don’t get your underwear all bunched up in a wad…It’s not going to revalue tomorrow…I shouldn’t say that because nobody knows if it’s going to revalue…
11-6-2018 Intel Guru Frank26 [via Clare] Highlights: Iraq Social Media Hot right now... Reassuring Citizens, still going to lift the 3 zeros. Iran has Dinars...it looks like Iran is forcing Iraq to revalue their currency, with it's demand of payment for Electricity. 60% of Paris Club debt has been reduced...given reduction, for the RI of IQD! RI is fact occurring @ 1-1. Reduction will help with RV next year, the same way the ME Basket solidly formed will help the RV in 2019...it's a precursor... they are telling Iraq, go ahead join the international community. Alak will be named Gov. of CBI...comes from powerful, influential family...but not popular...BUT...the best of the worst. A lot of comments on CBI social media...would be nice to have official announcement of Alak, its a precursor, then ART 2 [2nd Article]. Art 2 is Coming!!! They are educating the citizens...looks good for November.
11-6-2018 Newshound/Intel Guru Mnt Goat Again I am telling everyone to STOP...watching for the completion of a single event then the RV will happen. How many events in the past do they attempt to peg the RV to that didn’t happen or happened and still we sit...It is now early November and so do NOT expect any reinstatement until at least EARLY 2019 (more likely in early January sometime)...
11-5-2018 Newshound Guru MilitiaMan We are told that the AMF working with the likes of the World Bank, IMF, Germany, etc., have accomplished meetings and within those meetings we learned from WS [Guru Walkingstick] that they tried and tested the REER to a basket of currencies last Monday, about a week has passed since then... The article is telling us they have accomplished things and that they tell us that they were comprehensive in nature. Well, financial inclusion, is very important to those entities. Modernization is important to them and the Private Banks they are going to be doing business with in the reconstruction of Iraq. They will require Insurance Companies... Launch means to take off... As in they have set things in motion. That will require the new lower notes, imo.. That is imo where and how close we are. ...imo [post 2 of 2]
11-5-2018 Newshound Guru MilitiaMan Article: "Arab Monetary Fund: Cooperation with the Association of Iraqi private banks will be bigger in the future" This article is possibly one of the most powerful indicators of just how close we are now to the completion of Iraq's monetary and economic reforms. Key words that stirred my thinking are Private, as in Private Banks, Modern, as in Modern Financial Techniques, Inclusion, as in Financial Inclusion and Launch, as to go and reveal to the international environment or world and new Iraq and her new currency. [post 1 of 2....stay tuned]
11-5-2018 Newshound Guru chattels Articles: "Iraqi Parliament delays vote on open ministry positions until next Sunday." "Sources says Iraqi PM Abdel-Mahdi is prepared to resign if he continues to face opposition in forming his cabinet."
11-5-2018 Intel Guru Jester [...we forgot to ask you how the RV went yesterday on November 3rd.] NOW YOU KNOW WHY I DON'T GIVE OUT A DATE OR RATE... NO RETURN ON THE SITUATION THAT IS FAVORABLE AT ALL... HAHAHAH... AND IT WAS THE 3RD AND 4TH...AND THAT WINDOW IS STILL OPEN...THEORETICALLY...THE FACT OF THE MATTER IS THAT THERE ARE ALWAYS DATA POINTS... THINGS THEY LIKE TO DO THAT MAYBE DON'T WORK OUT RIGHT...IT HAS BEEN THAT WAY FOR SOME TIME NOW...WE GET THIS FEEDBACK AND WHEN LOTS OF DIFFERENT DIRECTIONS LINE UP POINTING TO THE SAME PLACE THEN IT LOOKS OKAY TO SAY...WELL MAYBE THIS WINDOW...
11-5-2018 Newshound Guru Kirk H. Sowell So we are now ten days into the new #Iraq govt of Adil Abd al-Mahdi, and it isn't going well so far. It looks like AAM will face two reverses in his first two weeks. The first is having to turn back on the 2019 budget...Abd al-Mahdi's other problem is that his effort to complete his cabinet isn't going well. Not only is there doubt about passing the remainder of nominations as scheduled tomorrow, but there are efforts to impeach up to four of the new 14 ministers.
11-5-2018 Intel Guru RayRen98 The CBI site was down for awhile today, but it's back to normal now. Apparently, today's leaders meeting in Baghdad garnered two more names to be considered for Madhi's cabinet on Tuesday's voting session. With six names now reported, only two remain to have the government fully seated even though the general thought that it is not necessary for a currency revalue. Time Will Tell!
11-5-2018 Newshound Guru Daytrader IMO, the oversight management of the economic reform process is the responsibility of the government. This suggests the success of the GOI economic reform process is dependent on the CBI reinstating the IQD to an international status at a legitimate rate, but the success of the monetary reform process is dependent on the success (read currency demand) of the economic reform. Would hope the CBI is now at this stage in the monetary reform process, as they hold the trigger mechanism in their hands for Iraq’s economic reform. IMO. [post 2 of 2]
11-5-2018 Newshound Guru Daytrader JMO, there are two reforms taking place in Iraq that are co-dependent; monetary reform and economic reform. The economic reform provides jobs on several levels...People with jobs earn money, then spend money in many areas; food, shelter, clothing and the list goes on. Those purchases will require businesses to replenish their stock, which drives the need for more product manufacturing, more raw material needs and more agriculture development. This circular process drives the flow of money in any economy. ...This process is critical for the CBI’s success as demand for a currency determines the effectiveness of a monetary reform program. However IMO, the CBI must reach a point in the monetary reform process where the value of its currency will attract direct foreign investment (DFI) as the trigger for economic reform. [post 1 of 2....stay tuned]
11-5-2018 Newshound Guru MilitiaMan Article: "Arab Monetary Fund: Cooperation with the Association of Iraqi private banks will be bigger in the future" This article is possibly one of the most powerful indicators of just how close we are now to the completion of Iraq's monetary and economic reforms. Key words that stirred my thinking are Private, as in Private Banks, Modern, as in Modern Financial Techniques, Inclusion, as in Financial Inclusion and Launch, as to go and reveal to the international environment or world and new Iraq and her new currency. [post 1 of 2....stay tuned]
11-5-2018 Newshound Guru chattels Articles: "Iraqi Parliament delays vote on open ministry positions until next Sunday." "Sources says Iraqi PM Abdel-Mahdi is prepared to resign if he continues to face opposition in forming his cabinet."
11-5-2018 Intel Guru Jester [...we forgot to ask you how the RV went yesterday on November 3rd.] NOW YOU KNOW WHY I DON'T GIVE OUT A DATE OR RATE... NO RETURN ON THE SITUATION THAT IS FAVORABLE AT ALL... HAHAHAH... AND IT WAS THE 3RD AND 4TH...AND THAT WINDOW IS STILL OPEN...THEORETICALLY...THE FACT OF THE MATTER IS THAT THERE ARE ALWAYS DATA POINTS... THINGS THEY LIKE TO DO THAT MAYBE DON'T WORK OUT RIGHT...IT HAS BEEN THAT WAY FOR SOME TIME NOW...WE GET THIS FEEDBACK AND WHEN LOTS OF DIFFERENT DIRECTIONS LINE UP POINTING TO THE SAME PLACE THEN IT LOOKS OKAY TO SAY...WELL MAYBE THIS WINDOW...
11-5-2018 Newshound Guru Kirk H. Sowell So we are now ten days into the new #Iraq govt of Adil Abd al-Mahdi, and it isn't going well so far. It looks like AAM will face two reverses in his first two weeks. The first is having to turn back on the 2019 budget...Abd al-Mahdi's other problem is that his effort to complete his cabinet isn't going well. Not only is there doubt about passing the remainder of nominations as scheduled tomorrow, but there are efforts to impeach up to four of the new 14 ministers.
11-5-2018 Intel Guru RayRen98 The CBI site was down for awhile today, but it's back to normal now. Apparently, today's leaders meeting in Baghdad garnered two more names to be considered for Madhi's cabinet on Tuesday's voting session. With six names now reported, only two remain to have the government fully seated even though the general thought that it is not necessary for a currency revalue. Time Will Tell!
11-5-2018 Newshound Guru Daytrader IMO, the oversight management of the economic reform process is the responsibility of the government. This suggests the success of the GOI economic reform process is dependent on the CBI reinstating the IQD to an international status at a legitimate rate, but the success of the monetary reform process is dependent on the success (read currency demand) of the economic reform. Would hope the CBI is now at this stage in the monetary reform process, as they hold the trigger mechanism in their hands for Iraq’s economic reform. IMO. [post 2 of 2]
11-5-2018 Newshound Guru Daytrader JMO, there are two reforms taking place in Iraq that are co-dependent; monetary reform and economic reform. The economic reform provides jobs on several levels...People with jobs earn money, then spend money in many areas; food, shelter, clothing and the list goes on. Those purchases will require businesses to replenish their stock, which drives the need for more product manufacturing, more raw material needs and more agriculture development. This circular process drives the flow of money in any economy. ...This process is critical for the CBI’s success as demand for a currency determines the effectiveness of a monetary reform program. However IMO, the CBI must reach a point in the monetary reform process where the value of its currency will attract direct foreign investment (DFI) as the trigger for economic reform. [post 1 of 2....stay tuned]
11-4-2018 Intel Guru RayRen98 Iraq has requested permission to ignore some of the US imposed sanctions against Iran in order to continue their import trade relations. US dollars will not be involved in the transactions, only Iraqi Dinars. PM Madhi only has four candidates for Tuesday's Parliament session. He has postponed selecting the other four to complete a seated cabinet. Leaders in Baghdad are holding a meeting today (Sunday) demanding that PM Mahdi announce all eight of his cabinet selectees. Kurdistan regional Parliament will hold it's first official meeting on Tuesday.
11-4-2018 Intel Guru Frank26 SOMETIME AROUND SUNDAY OR INTO NEXT WEEK THE CBI HAS TO MAKE A MOVE WITH THE AUCTIONS BECAUSE IMO...ON SUNDAY THE SANCTIONS AGAINST IRAN START. THE THIRD QUARTER...IMO...HAS BEEN TO TELL THE INTERNATIONAL WORLD THAT THEY ARE ABOUT TO LIFT THE 000’S AND IN THIS MONTH OF NOVEMBER...GOD WILLING IN THE NEXT TWO WEEKS...THE TIME FRAME WHERE THE EDUCATION TO THE CITIZENS WILL COME TO A CRESCENDO!!!
11-4-2018 Newshound Guru MilitiaMan So since the currency has been a main topic for about 30 days or more now, it would suggest that since the timing of REER (Real Effective Exchange Rate) is an issue, the final roll out on the new small currency would be expected to be along quite shortly.. imo. It was mentioned that REER was established on Monday last for a basket, it has almost been a week for REER..imo The clock is not just ticking...lol. [post 2 of 2]
11-4-2018 Newshound Guru MilitiaMan Article: "Iran braces for oil sanctions after currency crash, protests" ...think about what you're seeing between Iraq and Iran...Where I may disagree with Iran being specifically included now or into the future basket of middle east currencies matters not, the basket ...has been calculated now per WS [Guru Walkingstick] (evidence from recent meetings, imo) and that means to me they have risk on the table and thus, a timeline... to expose that calculation to the world is on the table now. We all know things can get volatile in the ME on a drop of a dinarius. Therefore, those part of the boat load of entities in Iraq last month were there for significant time frames...They were there for the valuation of currency and advance training of the trainers for the Iraq Currency imo, just as there was a preceding symposium weeks before in regard to the Iraq currency. [post 1 of 2....stay tuned]
11-4-2018 Intel Guru Delta Article: "Exceeded one billion dollars .. Tehran demands Baghdad to accelerate the payment of electricity debts" HUGE ARTICLE ...IRAQ CAN'T PAY IRAN IN DOLLARS ANY MORE.... ONLY OPTION IS DINARS ...SO THEY HAVE TO PAY IRAN 1 BILLION $ ASAP...AT THIS RATE THEY HAVE TO PAY THEM 1 TRILLION DINAR...
11-4-2018 Intel Guru Frank26 SOMETIME AROUND SUNDAY OR INTO NEXT WEEK THE CBI HAS TO MAKE A MOVE WITH THE AUCTIONS BECAUSE IMO...ON SUNDAY THE SANCTIONS AGAINST IRAN START. THE THIRD QUARTER...IMO...HAS BEEN TO TELL THE INTERNATIONAL WORLD THAT THEY ARE ABOUT TO LIFT THE 000’S AND IN THIS MONTH OF NOVEMBER...GOD WILLING IN THE NEXT TWO WEEKS...THE TIME FRAME WHERE THE EDUCATION TO THE CITIZENS WILL COME TO A CRESCENDO!!!
11-4-2018 Newshound Guru MilitiaMan So since the currency has been a main topic for about 30 days or more now, it would suggest that since the timing of REER (Real Effective Exchange Rate) is an issue, the final roll out on the new small currency would be expected to be along quite shortly.. imo. It was mentioned that REER was established on Monday last for a basket, it has almost been a week for REER..imo The clock is not just ticking...lol. [post 2 of 2]
11-4-2018 Newshound Guru MilitiaMan Article: "Iran braces for oil sanctions after currency crash, protests" ...think about what you're seeing between Iraq and Iran...Where I may disagree with Iran being specifically included now or into the future basket of middle east currencies matters not, the basket ...has been calculated now per WS [Guru Walkingstick] (evidence from recent meetings, imo) and that means to me they have risk on the table and thus, a timeline... to expose that calculation to the world is on the table now. We all know things can get volatile in the ME on a drop of a dinarius. Therefore, those part of the boat load of entities in Iraq last month were there for significant time frames...They were there for the valuation of currency and advance training of the trainers for the Iraq Currency imo, just as there was a preceding symposium weeks before in regard to the Iraq currency. [post 1 of 2....stay tuned]
11-4-2018 Intel Guru Delta Article: "Exceeded one billion dollars .. Tehran demands Baghdad to accelerate the payment of electricity debts" HUGE ARTICLE ...IRAQ CAN'T PAY IRAN IN DOLLARS ANY MORE.... ONLY OPTION IS DINARS ...SO THEY HAVE TO PAY IRAN 1 BILLION $ ASAP...AT THIS RATE THEY HAVE TO PAY THEM 1 TRILLION DINAR...
11-3-2018 Newshound Guru chattels Article quote: "The exchange rate of the dollar, Saturday, maintained its stability against the dinar on the Iraqi stock exchange. According to figures received by "Economy News", the price of selling the dollar in the stock market today is 120 thousand dinars and the purchase price 121 thousand dinars to 100 dollars. On the Basra Stock Exchange, the sale price today reached 120 thousand dinars, and the purchase price 121 thousand dinars to 100 dollars. While the sale price of the dollar on the Arbil Stock Exchange today 120 thousand dinars, and the purchase price 121 thousand dinars to 100 dollars."
11-3-2018 Newshound/Intel Guru Mnt Goat The new Iranian sanctions that are due to kick-in in a few days and this may be our saving grace. These sanctions may force the issue of preventing USD currency through the currency auction sales from going to Iran. This may override any other (fake) “security” concerns and so may finally allow the cancellation of the auctions and the use of the dinar in trade. If this happens, they must pull the trigger and go international (at least this is my take) as they will have no choice.
11-3-2018 Guest Guru Sunkissed [Donald Trump seems confident...in the possibility of repaying the public debt that has exceeded the $ 20 trillion mark in a short time...] It has been rumored that the UST holds approximately 7 Trillion IQD. If the dinar came out the gate near 3:1 the exchange could pay off the US National debt...or even if they waited for the RV for sure! In my opinion, of course. Also, it has been said that the Paris Club forgave $100 Billion in debt to Iraq. The USA could (potentially) forgive the Iraq debt and still exchange the IQD we potentially hold, and pay off the National debt. in my opinion also...
11-3-2018 Newshound/Intel Guru Mnt Goat The new Iranian sanctions that are due to kick-in in a few days and this may be our saving grace. These sanctions may force the issue of preventing USD currency through the currency auction sales from going to Iran. This may override any other (fake) “security” concerns and so may finally allow the cancellation of the auctions and the use of the dinar in trade. If this happens, they must pull the trigger and go international (at least this is my take) as they will have no choice.
11-3-2018 Guest Guru Sunkissed [Donald Trump seems confident...in the possibility of repaying the public debt that has exceeded the $ 20 trillion mark in a short time...] It has been rumored that the UST holds approximately 7 Trillion IQD. If the dinar came out the gate near 3:1 the exchange could pay off the US National debt...or even if they waited for the RV for sure! In my opinion, of course. Also, it has been said that the Paris Club forgave $100 Billion in debt to Iraq. The USA could (potentially) forgive the Iraq debt and still exchange the IQD we potentially hold, and pay off the National debt. in my opinion also...
11-2-2018 Newshound/Intel Guru Mnt Goat ...I want to say it is impossible to revalue the dinar until Iraq has at least first reinstated the dinar. ...So we are looking for a “reinstatement” first. Any significant change in value beyond the value prior to the international embargo of the currency can then be called a revaluation but only in the sense of increased value. Technically in IMF terms it is NOT really a “revaluation”. So why does everyone keep saying they are looking for the RV? When I use this term RV I am using it generically saying that the rate will significantly increase. I do not mean a formal revaluation.
11-2-2018 Newshound/Intel Guru Mnt Goat ...news of some debt forgiveness of the 2004 Paris Agreement and meeting the conditions of the IMF Stand By Agreement terms is completed in order to do so. This is a huge sum of money ($128 billion) and once again sets Iraq up in a position allowing them more financial flexibility. As we all know paying off past debt, especially war debt, is showing financial responsibility and this sets up Iraq in a better position for the reinstatement of the dinar sooner than later. But I do not hear that this is a trigger mechanism for the reinstatement.
11-2-2018 Intel Guru Bruce ...I was feeling really good about what was supposed to occur for us last night [Wednesday]. I will tell you why, and this vindicates me somewhat. Guess what did happen...over Halloween night? China started. China got this ball started with the GCR in Asia, in China, in Hong Kong...They started with exchanges. They started paying out, and we are sitting here with a very slow rollout at playing catch up now. ...What it tells us is we were ready to go...We are still in a process here of a rollout. There are things happening as we speak...We been told by HSBC London that we are under a let’s call it High Alert Status...
11-2-2018 Newshound/Intel Guru Mnt Goat ...news of some debt forgiveness of the 2004 Paris Agreement and meeting the conditions of the IMF Stand By Agreement terms is completed in order to do so. This is a huge sum of money ($128 billion) and once again sets Iraq up in a position allowing them more financial flexibility. As we all know paying off past debt, especially war debt, is showing financial responsibility and this sets up Iraq in a better position for the reinstatement of the dinar sooner than later. But I do not hear that this is a trigger mechanism for the reinstatement.
11-2-2018 Intel Guru Bruce ...I was feeling really good about what was supposed to occur for us last night [Wednesday]. I will tell you why, and this vindicates me somewhat. Guess what did happen...over Halloween night? China started. China got this ball started with the GCR in Asia, in China, in Hong Kong...They started with exchanges. They started paying out, and we are sitting here with a very slow rollout at playing catch up now. ...What it tells us is we were ready to go...We are still in a process here of a rollout. There are things happening as we speak...We been told by HSBC London that we are under a let’s call it High Alert Status...
11-1-2018 Newshound Guru MilitiaMan On a slightly different path we see working in conjunction with Iraq, we did see the AMF with Iraq that ended a 10 day meeting...last Thursday. It was between Iraq and the AMF among others like the IMF, WB, BIS, etc.. Why is this all important...Contracts. The AMF (22 countries), Kuwait, USA, Great Britain, Japan, Korea, etc., were working on imo valuation of the REER to use for to adjust contracts. Very important part of the final process.. They need to establish Fair Value for pricing goods and services.
11-1-2018 Newshound Guru Kaperoni [When are they [IMF] going to review Iraq’s situation again I wonder] Once the government is fully formed. I would expect we will hear within a month.
11-1-2018 Newshound Guru Adam Montana [How much more do you think Iraq needs to achieve or put into place before they can reveal their true rate of exchange? I'm sure the list has shrunk dramatically.] Dramatically indeed - if we don't have any solid movement after the GOI is seated, I will be doing a more comprehensive post on the subject. Since that may not be necessary, let's just see what the next week brings us.
11-1-2018 Newshound Guru MilitiaMan Quote: "The next phase of currency reform is the conversion from old cash currency to new. The authorities must decide—at first privately—when the currency exchange will begin, when it will end, and whether or not to cap, in absolute terms, the amount to be exchanged. Then, decisions on the announcement of and publicity for the currency exchange must be made. Other essential decisions include the conversion rate and how financial assets, resident/nonresident accounts, and existing currency contracts will be treated in the currency exchange." They tell us above that those in charge of MR must decide when the exchange will begin, when it will end, etc,. They also mention the conversion rate and how it will effect other things like currency contracts and how they are to be treated in the currency exchange. This is at the end of the process as noted in the Turkmenistan model. At this final phase is at the time when they first privately, then eventually publicly say when they will do it and at what conversion rate. Hence, we await the "" 2nd Article"".. So why do I bring this back up again? Well, today we see them talking about contracts.. Part of the final phase, imo.. That is why I do.
11-1-2018 Intel Guru ADMINBILL ...Much has been leaked through banking and government sources that continue to be false flags for purposes known only to those that initiate them. That does not mean they are incorrect. Imo, what they share is meant for those that are the bankers, lawyers and agencies that will make the RV/GCR process happen when the release is activated. Perhaps it is one of the continual preparatory drills to make absolutely sure all agencies and organizations are in sync and ready to go at a moment's notice. And perhaps it is a way of making sure we are ready as well.
11-1-2018 Newshound/Intel Guru Mnt Goat So in today’s news we see one matter announced on Monday that Iraq has withdrawn from the FATF monitoring list after it has fulfilled its international obligations in the field of combating money laundering and terrorist financing. They have now moved to the “white list”. This can only help in the getting the reinstatement since why did the UN sanction the currency in the first place? Was it not for money laundering and financing terrorists? So this is now all taken care of and no longer an obstacle. So the CBI can no longer use this as an excuse as to why they are not reinstating the dinar.
11-1-2018 Newshound Guru Kaperoni [When are they [IMF] going to review Iraq’s situation again I wonder] Once the government is fully formed. I would expect we will hear within a month.
11-1-2018 Newshound Guru Adam Montana [How much more do you think Iraq needs to achieve or put into place before they can reveal their true rate of exchange? I'm sure the list has shrunk dramatically.] Dramatically indeed - if we don't have any solid movement after the GOI is seated, I will be doing a more comprehensive post on the subject. Since that may not be necessary, let's just see what the next week brings us.
11-1-2018 Newshound Guru MilitiaMan Quote: "The next phase of currency reform is the conversion from old cash currency to new. The authorities must decide—at first privately—when the currency exchange will begin, when it will end, and whether or not to cap, in absolute terms, the amount to be exchanged. Then, decisions on the announcement of and publicity for the currency exchange must be made. Other essential decisions include the conversion rate and how financial assets, resident/nonresident accounts, and existing currency contracts will be treated in the currency exchange." They tell us above that those in charge of MR must decide when the exchange will begin, when it will end, etc,. They also mention the conversion rate and how it will effect other things like currency contracts and how they are to be treated in the currency exchange. This is at the end of the process as noted in the Turkmenistan model. At this final phase is at the time when they first privately, then eventually publicly say when they will do it and at what conversion rate. Hence, we await the "" 2nd Article"".. So why do I bring this back up again? Well, today we see them talking about contracts.. Part of the final phase, imo.. That is why I do.
11-1-2018 Intel Guru ADMINBILL ...Much has been leaked through banking and government sources that continue to be false flags for purposes known only to those that initiate them. That does not mean they are incorrect. Imo, what they share is meant for those that are the bankers, lawyers and agencies that will make the RV/GCR process happen when the release is activated. Perhaps it is one of the continual preparatory drills to make absolutely sure all agencies and organizations are in sync and ready to go at a moment's notice. And perhaps it is a way of making sure we are ready as well.
11-1-2018 Newshound/Intel Guru Mnt Goat So in today’s news we see one matter announced on Monday that Iraq has withdrawn from the FATF monitoring list after it has fulfilled its international obligations in the field of combating money laundering and terrorist financing. They have now moved to the “white list”. This can only help in the getting the reinstatement since why did the UN sanction the currency in the first place? Was it not for money laundering and financing terrorists? So this is now all taken care of and no longer an obstacle. So the CBI can no longer use this as an excuse as to why they are not reinstating the dinar.
10-31-2018 Newshound Guru Adam Montana At the moment, I am content to wait for things to unfold - we have some important dates upcoming, and I foresee a holding pattern until the GOI is fully formed. On the positive side... I have nothing negative to report...November 6 is a good day to watch for... it should be apparent at that time what the missing component is (which Government position), which will give us a very decent clue about what we can expect in the coming days. Regarding the upcoming sanctions [Iran]...I'm glad they are prior to November 6th - that should streamline any effects that they may have. ...Where the sanctioned parties may experience a weakening, Iraq has a great opportunity to gain strength. For that reason alone, we could have a nice window just ahead!
10-31-2018 Newshound/Intel Guru Mnt Goat The news is slow from Iraq since Monday and Tuesday were official holidays. Now they go back to work, however parliament is not expected back until Nov 6th. Anyhow I would not stake any RV on any trigger completion of Mahdi’s new government in this next session anyhow since we also heard that it is not a critical matter anymore and the last set of ministers are picked and all agreed on them already...the only target I know of is of EARLY 2019. The CBI did want to move ahead with the reinstatement in the month of October but could not do so due to not resolving many matters as they thought they could.
10-31-2018 Intel Guru Bruce Here is where we are. You guys know that even though it seems that Iraq used to be the linch pin. Now they are sort of the hinge pin. Now China is the linch pin. China wants this thing done, and they have in essence moved this up a day or so for us. That is very positive...really good news. So let me tell you Iraq is in the picture though. ...we are expecting all the rates of the main currencies that we...hold to come up on the screen around by midnight, by or before midnight [Tuesday]...The Dinar will have an in-country rate which is well over $4 now. Whatever it gets to in-country meaning the rate within Iraq, we will have a higher rate on our front screen than what they will have in-country. It could be almost doubled than what they have in-country in that range approximately. What is interesting is they are getting in preparation for everything to go. ...You are in a very close and good place provided everything rolls according to plan, I think we are right there, right where we need to be.
10-31-2018 Intel Guru RayRen98 Abdul Amir Taiban, deputy of the Fatah alliance, stated that the remaining 8 cabinet selectees will be voted and accepted at the next session of the House of Representatives.
10-31-2018 Newshound/Intel Guru Mnt Goat The news is slow from Iraq since Monday and Tuesday were official holidays. Now they go back to work, however parliament is not expected back until Nov 6th. Anyhow I would not stake any RV on any trigger completion of Mahdi’s new government in this next session anyhow since we also heard that it is not a critical matter anymore and the last set of ministers are picked and all agreed on them already...the only target I know of is of EARLY 2019. The CBI did want to move ahead with the reinstatement in the month of October but could not do so due to not resolving many matters as they thought they could.
10-31-2018 Intel Guru Bruce Here is where we are. You guys know that even though it seems that Iraq used to be the linch pin. Now they are sort of the hinge pin. Now China is the linch pin. China wants this thing done, and they have in essence moved this up a day or so for us. That is very positive...really good news. So let me tell you Iraq is in the picture though. ...we are expecting all the rates of the main currencies that we...hold to come up on the screen around by midnight, by or before midnight [Tuesday]...The Dinar will have an in-country rate which is well over $4 now. Whatever it gets to in-country meaning the rate within Iraq, we will have a higher rate on our front screen than what they will have in-country. It could be almost doubled than what they have in-country in that range approximately. What is interesting is they are getting in preparation for everything to go. ...You are in a very close and good place provided everything rolls according to plan, I think we are right there, right where we need to be.
10-31-2018 Intel Guru RayRen98 Abdul Amir Taiban, deputy of the Fatah alliance, stated that the remaining 8 cabinet selectees will be voted and accepted at the next session of the House of Representatives.
10-30-2018 Newshound/Intel Guru Mnt Goat Article: "THE ECONOMIC COUNCIL STRESSES THE IMPORTANCE OF IRAQ’S TRANSITION TO THE FREE ECONOMY AND STRESSES: INVESTMENT IS THE SOLUTION" Quote: “THE INVESTMENT LAW IS THEORETICALLY MORE THAN GOOD, BUT OUR PROBLEM IS IN THE IMPLEMENTATION.” The question now is – Will they finally move too a market economy and private sector to attract investors under Mahdi or just talk about it again during this administration? This is also part of the reforms necessary to move forward. The CBI can not move ahead with the project to delete the zeros without these reforms implemented. This is also part of what they told us was a “more suitable environment” for the project to occur. So if you are expecting any RV in November or even in December I would not hold my breath...lol..!
10-30-2018 Newshound Guru MilitiaMan WS also told us there would be a hard peg. That means to me/us/others they will come out strong and keep it there!! That will represent stability and security... Just what a new currency needs to have!! Therefore, coming out low could be rife with shorting, market manipulations as the lower the rate the easier it is to do so. Imo they will not ever be 1:1 with the dollar where we in the USA could sell the IQD back for. I/we/others have strong feelings about the rate being back to or well above the glory days. They have told us they wanted to do it at that level many times...The stronger they come out, the less risk the country has not to mention they’ll get imo a credit rating boost to go along with it...So, to me and others in my line of thinking support the view of WS, and my long standing point, “the longer it takes the more money we make.” Lol. We shall see... imo. [post 2 of 2]
10-30-2018 Newshound Guru MilitiaMan ...with what we have learned from WS [Guru Walkingstick] the rate is going to be effectively in a range that is based on a mixture of the AMF / AAD and the IMF / SDR 3x. The latest loan issued by the AMF in summer of 2017 was around $4.25 - $4.35 / 1 AAD and the AMF / SDR $1.42 3x = $4.26 on the daily rate they use, if I am accurate. If they use the monthly rate of the SDR of approx. $1.95 3x = $5.85...All those numbers or ranges are easily supported by Iraq's wealth. ioo...WS brought us the formula relatively recent time past. I trust his opinion on the matter somewhat knowing where and what his connection is and to whom. So the AMF / AAD - IMF / SDR 3x relationship meets that criteria and is competitive to surrounding nations in the AMF. ~ imo. [post 1 of 2....stay tuned]
10-30-2018 Intel Guru Frank26 IRAQ: We are a trading HUB... on Nov. 4th, Washington DC told Iraq to Sanction Iran & All Foreign Currency ...CBI Does not want worthless currency with no value...no swaps ...no auctions...US has told Iraq to Sanction Iran...Iraq is sending a message to D.C., Fantasic 4, that they obey! ...Iraq starts sanctions before Nov. 4th as commanded by those in control... ATM's no longer disperse Foreign Currency...New ATM's ONLY disperse IQD & soon a new category note...Iraq says our National Currency will soon have value and we will only use our National Currency, which will soon have value for the world!...As of today 4-6 Timeframe @ 3 week mark...TF is on track...furthermore in Frank's opinion...before years end... what we should see in the remainder of TF should not be shocking because they are getting ready...they already told the citizens.
10-30-2018 Newshound Guru MilitiaMan The amount of logistics to get all that done, all the people, hotels, gifts, training, etc, and with all those big players will go down as darn near nothing but, miraculous, imo. With that said...I, others, believe this is such a very bullish time frame is because the REER ( Real Effective Exchange Rate) is time sensitive, ioo.(in our opinion). The REER was done Thursday last real close and for them to get the rate done, it cant be much longer for us to wait, as the margin of error in the rate becomes ioo an issue, as the rate could change and that would effect a lot of countries... Therefore, the window we are in now this week thru Monday-ish next week is serious to us...nothing shows us that they are going out to next year... Nor much into November for that matter... imo. [post 2 of 2]
10-30-2018 Newshound Guru MilitiaMan ...Last week we witnessed a convergence of many things. The week prior there was the symposium with Banks and financial institutions in regard to the Iraqi Currency. WS's (Guru Walkingstick's) firm was in the meeting. The following week we see the AMF (Arab Monetary Fund) in a series of meetings with Iraq helping with the MR (Monetary Reform) along, in conjunction with the likes of the WB, IMF, UST and BIS. Basra Boyz also confirmed the BIS was there... WS tells us they tried and tested the rate and they were successful. The success was the Real Effective Exchange Rate. So not only the AMF met, there were high level training of the trainers while they had the fabulous 4 in country. They did all that and seated the GOI on time too. [post 1 of 2....stay tuned]
10-30-2018 Newshound Guru MilitiaMan WS also told us there would be a hard peg. That means to me/us/others they will come out strong and keep it there!! That will represent stability and security... Just what a new currency needs to have!! Therefore, coming out low could be rife with shorting, market manipulations as the lower the rate the easier it is to do so. Imo they will not ever be 1:1 with the dollar where we in the USA could sell the IQD back for. I/we/others have strong feelings about the rate being back to or well above the glory days. They have told us they wanted to do it at that level many times...The stronger they come out, the less risk the country has not to mention they’ll get imo a credit rating boost to go along with it...So, to me and others in my line of thinking support the view of WS, and my long standing point, “the longer it takes the more money we make.” Lol. We shall see... imo. [post 2 of 2]
10-30-2018 Newshound Guru MilitiaMan ...with what we have learned from WS [Guru Walkingstick] the rate is going to be effectively in a range that is based on a mixture of the AMF / AAD and the IMF / SDR 3x. The latest loan issued by the AMF in summer of 2017 was around $4.25 - $4.35 / 1 AAD and the AMF / SDR $1.42 3x = $4.26 on the daily rate they use, if I am accurate. If they use the monthly rate of the SDR of approx. $1.95 3x = $5.85...All those numbers or ranges are easily supported by Iraq's wealth. ioo...WS brought us the formula relatively recent time past. I trust his opinion on the matter somewhat knowing where and what his connection is and to whom. So the AMF / AAD - IMF / SDR 3x relationship meets that criteria and is competitive to surrounding nations in the AMF. ~ imo. [post 1 of 2....stay tuned]
10-30-2018 Intel Guru Frank26 IRAQ: We are a trading HUB... on Nov. 4th, Washington DC told Iraq to Sanction Iran & All Foreign Currency ...CBI Does not want worthless currency with no value...no swaps ...no auctions...US has told Iraq to Sanction Iran...Iraq is sending a message to D.C., Fantasic 4, that they obey! ...Iraq starts sanctions before Nov. 4th as commanded by those in control... ATM's no longer disperse Foreign Currency...New ATM's ONLY disperse IQD & soon a new category note...Iraq says our National Currency will soon have value and we will only use our National Currency, which will soon have value for the world!...As of today 4-6 Timeframe @ 3 week mark...TF is on track...furthermore in Frank's opinion...before years end... what we should see in the remainder of TF should not be shocking because they are getting ready...they already told the citizens.
10-30-2018 Newshound Guru MilitiaMan The amount of logistics to get all that done, all the people, hotels, gifts, training, etc, and with all those big players will go down as darn near nothing but, miraculous, imo. With that said...I, others, believe this is such a very bullish time frame is because the REER ( Real Effective Exchange Rate) is time sensitive, ioo.(in our opinion). The REER was done Thursday last real close and for them to get the rate done, it cant be much longer for us to wait, as the margin of error in the rate becomes ioo an issue, as the rate could change and that would effect a lot of countries... Therefore, the window we are in now this week thru Monday-ish next week is serious to us...nothing shows us that they are going out to next year... Nor much into November for that matter... imo. [post 2 of 2]
10-30-2018 Newshound Guru MilitiaMan ...Last week we witnessed a convergence of many things. The week prior there was the symposium with Banks and financial institutions in regard to the Iraqi Currency. WS's (Guru Walkingstick's) firm was in the meeting. The following week we see the AMF (Arab Monetary Fund) in a series of meetings with Iraq helping with the MR (Monetary Reform) along, in conjunction with the likes of the WB, IMF, UST and BIS. Basra Boyz also confirmed the BIS was there... WS tells us they tried and tested the rate and they were successful. The success was the Real Effective Exchange Rate. So not only the AMF met, there were high level training of the trainers while they had the fabulous 4 in country. They did all that and seated the GOI on time too. [post 1 of 2....stay tuned]
10-29-2018 Intel Guru RayRen98 US banks can’t “call” the RV, but they’re still expectant about this week! According to the CBI – “A stable country with a stable government = change in value of the country’s currency.” N’estce pas? The CBI has already acknowledged “a stable country financially” and now we await their declaration of “a stable government.” (which seems to now exist)
10-29-2018 Intel Guru Frank26 [Can a national currency exist on program rate?] YES A NATIONAL CURRENCY CAN EXIST ON A PR IN COUNTRY BUT...AN INTERNATIONAL CURRENCY CANNOT EXIST ON A PR OUTSIDE OF THE COUNTRY.
10-29-2018 Newshound/Intel Guru Mnt Goat We can see the news from Iraq is slow once again. We are at another lull. As far as the elections go we are waiting for early November to get the rest of the ministers but most importantly to see who is going to be the next three Vice Presidents...Remember the Sadr Movement does not want any old politicians in this new government. So the chances of having the Nori al-Maliki or the other two VPs back in the VP positions is slim to none. However, we must consider Maliki and his goons will continue to try and try right up until the announcement and vote in parliament. ...Iraqi is now putting the emphasis again back on the economy, the 2019 budget and the implementation of the “Investment Law”.
10-29-2018 Newshound Guru MilitiaMan Article: "Iran's economic minister: America implemented its ban before November 4" Looks like they shut down Iran currency swaps / auctions??? USA implements sanctions early, thus, Iraq has obliged by not trading dollars and apparently Dinars, as they would more likely loose as the sanctions take effect, thus, they shut it down.. Wow! imo.
10-29-2018 Newshound Guru Currency365 Breaking President Trump Implements Sanctions on Iran Before November 4th...
10-29-2018 Intel Guru RayRen98 Iraqi TV is reporting that new PM Abdul Madhi is not under any time constraints to complete the remaining 8 cabinet positions but also sharing that names may be presented at the November 6 meeting for consideration.
10-29-2018 Newshound Guru MilitiaMan Well by turning off Iran today real close (possibly days ago), they won't let them use the old IQD nor the New IQD, and or the USD per sanctions that apparently are in place early, and they don't have the new IQD yet.. Fascinating, if that holds true. The new currency looks to be the trigger point to seriously put the squeeze on... If the Iranians can't use the old and don't have the new, they'll not benefit from the new Real Effective Exchange Rate for the New IQD. Man, if that holds true, there are going to be some folks feeling a lot of economic pain... Imagine, your seating on 10 million IQD and in Iran? Can't spend them or exchange them for USD nor New IQD...They are effectively worthless to those imposed by sanctions.. imo! [post 2 of 2]
10-29-2018 Newshound Guru MilitiaMan If they are adopting, the predominant medium of exchange for the purchasing of services, goods, then the sovereign nation and her currency will need 1 interdependent, yet, national rate. Here are some things that suggest that we are well beyond that time now. ...As we have been told the calculations have been done already. The symposium introduced to those in the need to know (albeit with reservations on what can or cannot be disclosed publicly, i.e., smalls, coins, rate, when...) about the lower denoms, 250, 500 and 1000 with new security features, publicly. There was an article about the high level training of the trainers (trained on the new). Well they did that over a ten day period that finished up this last Thursday. ...They have had training on the new currency to becoming out in the Month of October they told us per articles. [post 1 of 2....stay tuned]
10-29-2018 Intel Guru Frank26 [Can a national currency exist on program rate?] YES A NATIONAL CURRENCY CAN EXIST ON A PR IN COUNTRY BUT...AN INTERNATIONAL CURRENCY CANNOT EXIST ON A PR OUTSIDE OF THE COUNTRY.
10-29-2018 Newshound/Intel Guru Mnt Goat We can see the news from Iraq is slow once again. We are at another lull. As far as the elections go we are waiting for early November to get the rest of the ministers but most importantly to see who is going to be the next three Vice Presidents...Remember the Sadr Movement does not want any old politicians in this new government. So the chances of having the Nori al-Maliki or the other two VPs back in the VP positions is slim to none. However, we must consider Maliki and his goons will continue to try and try right up until the announcement and vote in parliament. ...Iraqi is now putting the emphasis again back on the economy, the 2019 budget and the implementation of the “Investment Law”.
10-29-2018 Newshound Guru MilitiaMan Article: "Iran's economic minister: America implemented its ban before November 4" Looks like they shut down Iran currency swaps / auctions??? USA implements sanctions early, thus, Iraq has obliged by not trading dollars and apparently Dinars, as they would more likely loose as the sanctions take effect, thus, they shut it down.. Wow! imo.
10-29-2018 Newshound Guru Currency365 Breaking President Trump Implements Sanctions on Iran Before November 4th...
10-29-2018 Intel Guru RayRen98 Iraqi TV is reporting that new PM Abdul Madhi is not under any time constraints to complete the remaining 8 cabinet positions but also sharing that names may be presented at the November 6 meeting for consideration.
10-29-2018 Newshound Guru MilitiaMan Well by turning off Iran today real close (possibly days ago), they won't let them use the old IQD nor the New IQD, and or the USD per sanctions that apparently are in place early, and they don't have the new IQD yet.. Fascinating, if that holds true. The new currency looks to be the trigger point to seriously put the squeeze on... If the Iranians can't use the old and don't have the new, they'll not benefit from the new Real Effective Exchange Rate for the New IQD. Man, if that holds true, there are going to be some folks feeling a lot of economic pain... Imagine, your seating on 10 million IQD and in Iran? Can't spend them or exchange them for USD nor New IQD...They are effectively worthless to those imposed by sanctions.. imo! [post 2 of 2]
10-29-2018 Newshound Guru MilitiaMan If they are adopting, the predominant medium of exchange for the purchasing of services, goods, then the sovereign nation and her currency will need 1 interdependent, yet, national rate. Here are some things that suggest that we are well beyond that time now. ...As we have been told the calculations have been done already. The symposium introduced to those in the need to know (albeit with reservations on what can or cannot be disclosed publicly, i.e., smalls, coins, rate, when...) about the lower denoms, 250, 500 and 1000 with new security features, publicly. There was an article about the high level training of the trainers (trained on the new). Well they did that over a ten day period that finished up this last Thursday. ...They have had training on the new currency to becoming out in the Month of October they told us per articles. [post 1 of 2....stay tuned]
10-28-2018 Intel Guru Frank26 Article quote: "A report by the Central Bank of Iran, which was published on its official website, pointed out that Iraq rejected the proposal of the Iranian authority on the extradition of foreign currencies and national "Iraqi dinar" for reasons related to US sanctions on Iran and security." IMO ...SINCE THE START OF THE MR OF THE IQD...THE CBI AND GOI HAVE SOUGHT SECURITY AND STABILITY IN THEIR COUNTRY. TO STOP THE TERRORISM THAT IRAN FUNDS INSIDE AND AROUND IRAQ. TO STOP IRAN'S CONTROL OF THE GOVERNMENT OF IRAQ. IMO...THAT MISSION HAS BEEN ACCOMPLISHED TO A TOLERABLE LEVEL OF IRAQ'S CONTROL NOW. ALLOWING ...IMO ...THE IQD'S MR TO COME FORTH...NOW.
10-28-2018 Intel/Newshound Guru RVAlready [New Guru] I wish they would kick the RV across the finish line. I am pretty sure everything is ready now. There are no reasons not to do it, and plenty of reasons to do it now… I am of the mind that they will do it soon, or lose the chance, and never do it. Kind of now or never in my mind… They would not have bothered to show the new bills and coins last week, if they were not going to do it…To me, this feels like the quiet before the storm.
10-28-2018 Intel Guru RayRen98 Mahdi sworn in. Took place on Thursday. Has a constitutional government with 14 ministers. The other ministers are to be sworn in at their next session. Could be tomorrow [Sunday] but said 6th of November. We are waiting! Banks have not come back and given us a window . . . Anticipating "IT" would be in the Gazette which we thought was going to be today. Haven't seen or heard about it. May not be printed until Wednesday but when it does there will be International notification of their cards and rate. So we wait.
10-28-2018 Intel/Newshound Guru RVAlready [New Guru] I wish they would kick the RV across the finish line. I am pretty sure everything is ready now. There are no reasons not to do it, and plenty of reasons to do it now… I am of the mind that they will do it soon, or lose the chance, and never do it. Kind of now or never in my mind… They would not have bothered to show the new bills and coins last week, if they were not going to do it…To me, this feels like the quiet before the storm.
10-28-2018 Intel Guru RayRen98 Mahdi sworn in. Took place on Thursday. Has a constitutional government with 14 ministers. The other ministers are to be sworn in at their next session. Could be tomorrow [Sunday] but said 6th of November. We are waiting! Banks have not come back and given us a window . . . Anticipating "IT" would be in the Gazette which we thought was going to be today. Haven't seen or heard about it. May not be printed until Wednesday but when it does there will be International notification of their cards and rate. So we wait.
10-27-2018 Newshound/Intel Guru Mnt Goat Article quotes: "The Board of Directors of the Central Bank today issued an important statement in which it noted THE CONTINUATION OF ITS EFFORTS DURING THE PAST YEARS TO ACHIEVE ECONOMIC STEADFASTNESS IN THE CIRCUMSTANCES OF IRAQ AND FACED ECONOMIC AND SECURITY SHOCKS."; "...the central bank WILL WORK WITH CARE AND DEDICATION IN ORDER TO ACHIEVE STABILITY IN THE FINANCIAL SYSTEM AND THE MONETARY SYSTEM IN THE NEXT PHASE..." WHEN THE CBI TALKS I LISTEN...They keep talking about the “next phase” . So what is this next phase? There has been articles on this phase...and according to them it is a 5 year plan (2018-2022) with continuation of the reforms including the monetary reforms, which we know is the project to delete the zeros.
10-27-20218 Intel Guru Footforward I think RV will be summer of 2019 at this point...
10-27-2018 Newshound/Intel Guru Mnt Goat Article: "MANY NEW IRAQI CABINET MEMBER SWORN IN ON WEDNESDAY" Article quote: "The agency received the Euphrates News on the names of the cabinet presented by Prime Minister-designate Adel Abdul-Mahdi today to the House of Representatives." I do not know yet who was rejected and who was ratified. But later on there is an article stating that Mahdi will temporarily assume the minster of Defense and Interior two of the key positions.
10-27-20218 Intel Guru Footforward I think RV will be summer of 2019 at this point...
10-27-2018 Newshound/Intel Guru Mnt Goat Article: "MANY NEW IRAQI CABINET MEMBER SWORN IN ON WEDNESDAY" Article quote: "The agency received the Euphrates News on the names of the cabinet presented by Prime Minister-designate Adel Abdul-Mahdi today to the House of Representatives." I do not know yet who was rejected and who was ratified. But later on there is an article stating that Mahdi will temporarily assume the minster of Defense and Interior two of the key positions.
10-26-2018 Newshound/Intel Guru Mnt Goat Abdel-Mahdi is sworn in...as the new prime minister along with 14 of 22 ministers. Remember the CBI NEVER came out and directly told us they would reinstate or RV the currency after the elections process was over. This was assumed from what they said to us back in April. So no one really knows for sure just how long this might take.
10-26-2018 Newshound/Intel Guru David M. Witty Sources near Iraqi Oil Ministry: Iraq will stop exporting Kirkuk's oil to Iran in November to coincide with new U.S. sanctions.
10-26-2018 Newshound/Intel Guru Mnt Goat So now I will give you the latest numbers given to me by the reports that were given to the US Treasury on Jan 2018. The reports consist of mandatory forms filled in by currency brokers when they sell the dinar. These forms are sent to the US Treasury when you purchased your currency. There is an address space on the form for the purchaser. So you are being tracked. In order for these online internet or banks to sell these currencies outside of the global currency exchanges, they must adhere to the legal framework set up by the US Treasury. What is the latest count based on this procedure? ...the US Treasury has received 2.5 million initial purchases since 2004 when they began tracking the IQD in the USA. Most purchases are under 10 million dinar. A very large holder might hold 100 million. ...Even with the gift giving, the UN Treasury projects only maybe 2.75-3 million at best now have IQD in their possession and await the reinstatement and exchange process...
10-26-2018 Intel Guru Frank26 ...the Monetary Reform of the IQD, of the Central Bank of Iraq, is no secret. It’s no secret. They are willing. And they are telling anyone who is willing to listen, that the CBI, that Iraq, is soon to change their exchange rate.
10-26-2018 Intel Guru Bruce These rates came completely off the screen at noon, and not come back up until 2:30am. The last time that happened was the day before Kuwait revalued their Dinar. Pretty significant for those who remembered the revalued of the Kuwait Dinar. That is a big deal. The gist of this is we are so close we can just about touch it. We have been patient to wait this long, but if we are to look back at what has happened, we see all these puzzle pieces we have put together in this 1000 piece puzzle creating this picture for us. They have got this far enough where we are sort of at the point of no return...We are in a really good spot to begin... [post 2 of 2]
10-26-2018 Intel Guru Bruce [via PinkRoses] Now you guys knew they were having an election and appointment their Parliament and their Cabinet...What does it have to do with it? Well it has to do with we have been waiting on Iraq to announce their Parliament, Cabinet, new Prime Minister, and to put a rate out. We do know there is an in-country rate in Iraq which we believe is at $3.71. Then we will have our in-country rate which will be much higher well over double that we believe. The most significant piece I heard today was that approximately noon EST all the rates came off the IMF screens except 5 and those 5 were that make up the SDR Basket, the Special Drawing Right Currencies. That would be the USD, the British pound, the Euro, the Chinese Yuan, and the Swiss Franc... [post 1 of 2....stay tuned]
10-26-2018 Newshound Guru chattels So, it would appear that Iraq has a new government. The government is " incomplete " ( 14 of 22 ministers given a vote of confidence by Parliament ), but it is " functional ", i.e., there is a majority which enables the Cabinet to meet / act / govern.
10-26-2018 Newshound/Intel Guru David M. Witty Sources near Iraqi Oil Ministry: Iraq will stop exporting Kirkuk's oil to Iran in November to coincide with new U.S. sanctions.
10-26-2018 Newshound/Intel Guru Mnt Goat So now I will give you the latest numbers given to me by the reports that were given to the US Treasury on Jan 2018. The reports consist of mandatory forms filled in by currency brokers when they sell the dinar. These forms are sent to the US Treasury when you purchased your currency. There is an address space on the form for the purchaser. So you are being tracked. In order for these online internet or banks to sell these currencies outside of the global currency exchanges, they must adhere to the legal framework set up by the US Treasury. What is the latest count based on this procedure? ...the US Treasury has received 2.5 million initial purchases since 2004 when they began tracking the IQD in the USA. Most purchases are under 10 million dinar. A very large holder might hold 100 million. ...Even with the gift giving, the UN Treasury projects only maybe 2.75-3 million at best now have IQD in their possession and await the reinstatement and exchange process...
10-26-2018 Intel Guru Frank26 ...the Monetary Reform of the IQD, of the Central Bank of Iraq, is no secret. It’s no secret. They are willing. And they are telling anyone who is willing to listen, that the CBI, that Iraq, is soon to change their exchange rate.
10-26-2018 Intel Guru Bruce These rates came completely off the screen at noon, and not come back up until 2:30am. The last time that happened was the day before Kuwait revalued their Dinar. Pretty significant for those who remembered the revalued of the Kuwait Dinar. That is a big deal. The gist of this is we are so close we can just about touch it. We have been patient to wait this long, but if we are to look back at what has happened, we see all these puzzle pieces we have put together in this 1000 piece puzzle creating this picture for us. They have got this far enough where we are sort of at the point of no return...We are in a really good spot to begin... [post 2 of 2]
10-26-2018 Intel Guru Bruce [via PinkRoses] Now you guys knew they were having an election and appointment their Parliament and their Cabinet...What does it have to do with it? Well it has to do with we have been waiting on Iraq to announce their Parliament, Cabinet, new Prime Minister, and to put a rate out. We do know there is an in-country rate in Iraq which we believe is at $3.71. Then we will have our in-country rate which will be much higher well over double that we believe. The most significant piece I heard today was that approximately noon EST all the rates came off the IMF screens except 5 and those 5 were that make up the SDR Basket, the Special Drawing Right Currencies. That would be the USD, the British pound, the Euro, the Chinese Yuan, and the Swiss Franc... [post 1 of 2....stay tuned]
10-26-2018 Newshound Guru chattels So, it would appear that Iraq has a new government. The government is " incomplete " ( 14 of 22 ministers given a vote of confidence by Parliament ), but it is " functional ", i.e., there is a majority which enables the Cabinet to meet / act / govern.
10-25-2018 ***** Dinar Guru News Flash ***** It's official! Mahdi has been officially and constitutionally sworn in as the new Prime Minister. The new GOI has been seated a week before the constitutional deadline. The peaceful handoff of government control ceremony happened late yesterday with former PM Abadi. At least 14 ministers were also sworn in, including the important posts of Minister of Oil -Ghadhban and Minister of Finance -Hussein. The gurus point out that the GOI is officially seated and the transfer of power complete BUT there are still 8 or so minister seats to fill...there could be some surprises to come. Stay tuned as the gurus chime in about this HUGE surprise development! The latest guru posts will continue below...
10-25-2018 Intel Guru Frank26 The CBI...has given us all the signs without saying the word… REER... This article cuts very short. All it does not say is the acronym REER. But the whole article, is nothing more than a self-confession, a definition of the Tried, Tested, and Success of running their country at 1:1. REER stands for Real Effective Exchange Rate. REER means equalizing, bringing forth, the REAL EFFECTIVE Exchange Rate, of a countries currency; which by the way, is not a Program Rate. [Guru] Walkingstick, his friends, his bank owners, his firm, his employees were selected to do this test and trial run, on a second set of books, that the GOI, using not the Program Rate, but a 1:1 rate, testing in the process of the REER...Because these banks, that ran with the testing, and made it successful, are now reporting to them, to say: All systems are “GO” on our Monetary Reform. The environment: We have maintained the stability in the exchange rate, in foreign currencies. [post 2 of 2]
10-25-2018 Intel Guru Frank26 [via Sunkissed] Article: "The Central Bank of Iraq confirms the continuation of their reformist approach to achieve financial and monetary stability." ...the article tells you that in the last 4 years, the government along with the CBI, has been testing many companies in Iraq, like for example [Guru] Walkingstick’s firm, many banks in Iraq, many merchant accounts, many businesses, they’ve been testing them with a Dual Exchange Rate. Not only with our currency in the way we pay our people, but with our budget...And you know what? Something came out of it. REER!!! REER…is a change!…within the country’s currency, with denomination or, with the exchange rate of their currency. A change! Yes. [post 1 of 2....stay tuned]
10-25-2018 Newshound/Intel Guru Guru David M. Witty Iraq's 8 unfilled minister positions to be voted on by Parliament on 6 November.
10-25-2018 Intel Guru RayRen98 Wednesday activity in Iraq...Abdul Madhi is sworn in as the country's Prime Minister (finally)...14 ministers are also sworn in before Parliament. News reports indicate that the government of PM Abdul Madhi has become constitutional. US Banks were excited with anticipation of exchange activity possibly this week (?) Time Will Tell.
10-25-2018 Newshound Guru Kaperoni Now that the new Iraqi Gov is is place I expect the IMF to meet with the CBI in the near future to discuss monetary policy. I've always felt this consultation will occur before any significant monetary change. If you go back and look at last year's Article IV, the IMF made it very clear that the CBI needed to move to Article VIII to send a message to the global investment community that Iraq is open for business. Slowly we are inching closer to that decision which is positive for Iraq. As well, a change in exchange rate regime from fixed to float will begin to allow the dinar to rise gradually. And...due to the significance in urgency of this reform we may see this change occur very shortly. Hopefully within a month or two at the latest.
10-25-2018 Newshound Guru Adam Montana There have been times in the past where I mentioned that we have a "couple weeks" or some other amount of time where I definitely didn't see anything happening. Now is not that time... Anything can happen right now. The only issue I see right now is the final seating of the new members...It is a REALLY good feeling to be able to say the "only thing" holding us up is a finalization of the new GOI, which is proceeding very smoothly!
10-25-2018 Intel Guru Frank26 [via Sunkissed] Article: "The Central Bank of Iraq confirms the continuation of their reformist approach to achieve financial and monetary stability." ...the article tells you that in the last 4 years, the government along with the CBI, has been testing many companies in Iraq, like for example [Guru] Walkingstick’s firm, many banks in Iraq, many merchant accounts, many businesses, they’ve been testing them with a Dual Exchange Rate. Not only with our currency in the way we pay our people, but with our budget...And you know what? Something came out of it. REER!!! REER…is a change!…within the country’s currency, with denomination or, with the exchange rate of their currency. A change! Yes. [post 1 of 2....stay tuned]
10-25-2018 Newshound/Intel Guru Guru David M. Witty Iraq's 8 unfilled minister positions to be voted on by Parliament on 6 November.
10-25-2018 Intel Guru RayRen98 Wednesday activity in Iraq...Abdul Madhi is sworn in as the country's Prime Minister (finally)...14 ministers are also sworn in before Parliament. News reports indicate that the government of PM Abdul Madhi has become constitutional. US Banks were excited with anticipation of exchange activity possibly this week (?) Time Will Tell.
10-25-2018 Newshound Guru Kaperoni Now that the new Iraqi Gov is is place I expect the IMF to meet with the CBI in the near future to discuss monetary policy. I've always felt this consultation will occur before any significant monetary change. If you go back and look at last year's Article IV, the IMF made it very clear that the CBI needed to move to Article VIII to send a message to the global investment community that Iraq is open for business. Slowly we are inching closer to that decision which is positive for Iraq. As well, a change in exchange rate regime from fixed to float will begin to allow the dinar to rise gradually. And...due to the significance in urgency of this reform we may see this change occur very shortly. Hopefully within a month or two at the latest.
10-25-2018 Newshound Guru Adam Montana There have been times in the past where I mentioned that we have a "couple weeks" or some other amount of time where I definitely didn't see anything happening. Now is not that time... Anything can happen right now. The only issue I see right now is the final seating of the new members...It is a REALLY good feeling to be able to say the "only thing" holding us up is a finalization of the new GOI, which is proceeding very smoothly!
10-24-2018 ***Dinar Guru News Update*** In the left column of this page you see the CBI official rates for the dinar. The official EXCHANGE rate and the CBI reported MARKET rate. (There are two different rates reported by the CBI. The MARKET rate is the dinar rate on the streets of Iraq and part of the 2% compliance some guru believe is needed). Members have noticed the CBI has NOT updated the market rate since October 8th...that's over two weeks. The CBI generally updates this number every business day or every couple of business days. I wanted to let you know, the number shown here is the latest official CBI number released. This delay in reporting is a little out of the normal behavior from the CBI but we'll have to keep an eye on it to see if it means anything...they have delayed updates in the past. Stay tuned to see if the Gurus feel this is something interesting and meaningful or not. The latest guru posts will continue below...
10-24-2018 Newshound Guru Walkingstick [News is saying it's OFFICIAL!!! Mahdi is PM!!!] Yes, Mahdi and 14 ministers according to articles... Parliament in recess, Nov 6th.
10-24-2018 Intel Guru Frank26 Article: "The Central Bank of Iraq confirms the continuation of his reformist approach to achieve financial and monetary stability" IN OTHER WORDS...THE ENVIRONMENT IS VERY SUITABLE FOR THE SECOND ARTICLE TO COME OUT TO ALLOW THE CBI...TO BRAG ABOUT THE LAST FOUR YEARS! FROM INFLATION TO AN RI...IMO...ALL SYSTEMS ARE A GO.
10-24-2018 Newshound Guru Kaperoni So Mahdi was sworn in today along with 14 other cabinet members. PM Mahdi. So it seems officially we have a new government in Iraq. There will be some twists to this but Mahdi is officially the new Prime Minister.
10-24-2018 Newshound Guru MilitiaMan This was all done on Abadi's watch over the past four years and the CBI is telling us and the world that they are geared for the next phase of Monetary Reform. They have a surplus in the Budget enabling them to pay their internal debt and prevent impact from international conditions that may affect them in the future. They have overcome major issues and now they are telling us they have it under control and handing off a baton that is very well placed and organized for the new government and it's success. Add in the recent past symposium introducing the information on new currency, the on going AMF meeting and the seating of the the PMs cabinet here in short order if not already. These events clearly show that they are on the track to the finish line...imo. So, can we take a roll call? AMF...here! World Bank...here! Iraqi Private Banks...here! CBI...here! Ok. Everybody is here...let’s begin!!! [post 2 of 2]
10-24-2018 Newshound Guru MilitiaMan Article "The Central Bank of Iraq confirms the continuation of his reformist approach to achieve financial and monetary stability" Here we go! The hand off is about to occur! The central bank is reassuring that they have and have had full control of their monetary policy for 4 years running, just as WS [Guru Walkingstick] has told us they have. They have had the calculations all well calculated with tools in place to maintain stability of their exchange rate well into the future. They have here and in other articles talked about and showed that they have increased reserves exceeding 60 billion dollars, not to mention they increased their gold holdings by about 6.5 additional tonnes and have stated they increased revenues matching their oil output other sources necessary to compliment oil and shocks that may arise out of negative market conditions! [post 1 of 2....stay tuned]
10-24-2018 Newshound Guru chattels Article quote: "...the government still suffers from corruption, economic mismanagement and political polarization, and it will take strong secular leadership to create the stability Sistani is seeking. The question is whether such progress will be made during the ayatollah’s lifetime." The foregoing begs the question of whether we will see the stability necessary to realize an increase in the value of the dinar in our lifetime.
10-24-2018 Intel Guru Bruce I am not trying to call it. I am saying if this is to go tomorrow [Wednesday], it should go some time after that Iraq meeting concludes and after those rates are put out. Possibly they be put out around 1pm EST. We are very close to this going. Banks...are on lockdown... I am doing my very best not to call it. ...I am just trying to paint the picture I am hearing. I am putting out information that is valid, that I think is meaningful to us, and it just might bring this blessing in for us. [post 2 of 2]
10-24-2018 Intel Guru Bruce [via PinkRoses] What we understand is that the date that will go down as the start of this RV or GCR or whatever we are calling it this day, it is going to end up being ...October 22nd...We know that things have happened since last Tuesday and Thursday to move this thing forward. We know that we are right there in the sweet stop for this to go the next few days. I am hearing information that is pretty time sensitive. ...tomorrow [Wednesday], Iraq time, between 6 and 8 pm ...is the meeting that will determine everything...that is Iraq is to do the new rate for the dinar, with their Parliament...Election of their Cabinet, and everything they need to bring out. That is a two hour meeting. I am hearing about an hour afterwards, let’s call it 8:30 or 9 pm Iraq time tomorrow [Wednesday], I think they will bring out their new rate. ...convert it to US time, that means the timing of that meeting is between 10 and noon EST. 1:00pm will be an hour later. [post 1 of 2....stay tuned]
10-24-2018 Newshound Guru Phillyman Article: "Iraq’s Sadr rejects secret vote for new cabinet" Quote: "Iraq’s Shia cleric Muqtada Al-Sadr today rejected a secret vote in parliament on the new cabinet lineup." How can you blame him with all the corruption that has taken place? Sadr does not like the "secret vote" but it looks like it is still on for today.
10-24-2018 Intel Guru ADMINBILL I remain very optimistic regarding our future. The timing remains in question with several contacts believing October into mid-November possible. What happens in Iraq is window dressing...
10-24-2018 Intel Guru Frank26 Article: "The Central Bank of Iraq confirms the continuation of his reformist approach to achieve financial and monetary stability" IN OTHER WORDS...THE ENVIRONMENT IS VERY SUITABLE FOR THE SECOND ARTICLE TO COME OUT TO ALLOW THE CBI...TO BRAG ABOUT THE LAST FOUR YEARS! FROM INFLATION TO AN RI...IMO...ALL SYSTEMS ARE A GO.
10-24-2018 Newshound Guru Kaperoni So Mahdi was sworn in today along with 14 other cabinet members. PM Mahdi. So it seems officially we have a new government in Iraq. There will be some twists to this but Mahdi is officially the new Prime Minister.
10-24-2018 Newshound Guru MilitiaMan This was all done on Abadi's watch over the past four years and the CBI is telling us and the world that they are geared for the next phase of Monetary Reform. They have a surplus in the Budget enabling them to pay their internal debt and prevent impact from international conditions that may affect them in the future. They have overcome major issues and now they are telling us they have it under control and handing off a baton that is very well placed and organized for the new government and it's success. Add in the recent past symposium introducing the information on new currency, the on going AMF meeting and the seating of the the PMs cabinet here in short order if not already. These events clearly show that they are on the track to the finish line...imo. So, can we take a roll call? AMF...here! World Bank...here! Iraqi Private Banks...here! CBI...here! Ok. Everybody is here...let’s begin!!! [post 2 of 2]
10-24-2018 Newshound Guru MilitiaMan Article "The Central Bank of Iraq confirms the continuation of his reformist approach to achieve financial and monetary stability" Here we go! The hand off is about to occur! The central bank is reassuring that they have and have had full control of their monetary policy for 4 years running, just as WS [Guru Walkingstick] has told us they have. They have had the calculations all well calculated with tools in place to maintain stability of their exchange rate well into the future. They have here and in other articles talked about and showed that they have increased reserves exceeding 60 billion dollars, not to mention they increased their gold holdings by about 6.5 additional tonnes and have stated they increased revenues matching their oil output other sources necessary to compliment oil and shocks that may arise out of negative market conditions! [post 1 of 2....stay tuned]
10-24-2018 Newshound Guru chattels Article quote: "...the government still suffers from corruption, economic mismanagement and political polarization, and it will take strong secular leadership to create the stability Sistani is seeking. The question is whether such progress will be made during the ayatollah’s lifetime." The foregoing begs the question of whether we will see the stability necessary to realize an increase in the value of the dinar in our lifetime.
10-24-2018 Intel Guru Bruce I am not trying to call it. I am saying if this is to go tomorrow [Wednesday], it should go some time after that Iraq meeting concludes and after those rates are put out. Possibly they be put out around 1pm EST. We are very close to this going. Banks...are on lockdown... I am doing my very best not to call it. ...I am just trying to paint the picture I am hearing. I am putting out information that is valid, that I think is meaningful to us, and it just might bring this blessing in for us. [post 2 of 2]
10-24-2018 Intel Guru Bruce [via PinkRoses] What we understand is that the date that will go down as the start of this RV or GCR or whatever we are calling it this day, it is going to end up being ...October 22nd...We know that things have happened since last Tuesday and Thursday to move this thing forward. We know that we are right there in the sweet stop for this to go the next few days. I am hearing information that is pretty time sensitive. ...tomorrow [Wednesday], Iraq time, between 6 and 8 pm ...is the meeting that will determine everything...that is Iraq is to do the new rate for the dinar, with their Parliament...Election of their Cabinet, and everything they need to bring out. That is a two hour meeting. I am hearing about an hour afterwards, let’s call it 8:30 or 9 pm Iraq time tomorrow [Wednesday], I think they will bring out their new rate. ...convert it to US time, that means the timing of that meeting is between 10 and noon EST. 1:00pm will be an hour later. [post 1 of 2....stay tuned]
10-24-2018 Newshound Guru Phillyman Article: "Iraq’s Sadr rejects secret vote for new cabinet" Quote: "Iraq’s Shia cleric Muqtada Al-Sadr today rejected a secret vote in parliament on the new cabinet lineup." How can you blame him with all the corruption that has taken place? Sadr does not like the "secret vote" but it looks like it is still on for today.
10-24-2018 Intel Guru ADMINBILL I remain very optimistic regarding our future. The timing remains in question with several contacts believing October into mid-November possible. What happens in Iraq is window dressing...
10-23-2018 Newshound Guru ChrisC ...Do the people know they are going to be revalued? Logic would say yes and the second article is just a final statement from the CBI of timing and instructions. They went to a lot of trouble and put the people through a lot of hardship removing the 1000, 500 and 250 out of the market just so, apparently, the people wouldn't be confused with the new design. I remember when the new 100 bill came out here. It was a little of a surprise to see it but in a few days it was no big deal. I fully expect this to happen soon. It is absurd to think Iraq will not have a strong international currency...
10-23-2018 Newshound/Intel Guru David M. Witty Source says incoming Iraqi PM Abdel-Mahdi turns down Maliki's request to make Malaki's son in law minister of Youth & Sports. Also turns down Maliki's request for Dawa Party member to get Oil Ministry.
10-23-2018 Intel Guru Delta [via Clare] Nov. 4th Iran sanctions - toughest ever...SWIFT will be disconnected... can not wire money or use USD. IHO...CBI knows exactly what will happen...needs to act fast...IQD attractive right now...more demand on IQD now! Iraq is all the focus right now "Babylon is going to rise"...All eyes on Iraq...will be very successful!
10-23-2018 Intel Guru RayRen98 Iraqi TV reported that Parliament will hold its session on Thursday but cabinet-select names won't be disclosed or voted upon until next week.
10-23-2018 Intel Guru Frank26 [via Clare] Let's Make it to the Finish Line...The Blessing is well calculated...Symposium @ University of Ceyhan...hosted by CBI representatives...on Iraqi Currency..."Hot Topic". WS's [Guru Walkingstick's] firm was there...talking about LD's (250, 500, 1000) coins are still currency in translation (LD's or small categories)...We are waiting for Art 2 ...from the CBI...it will contain pictures/ descriptions/date of RI/ metals will be part of 2nd Art, which only work when 3 zeros are lifted from exchange rate...Hundreds asked questions at the end... WS's firm representatives of 4 banks in Iraq have also asked questions & already have been told, MR is happening.
10-23-2018 Newshound Guru Phillyman Article: "Parliamentary signatures to pass Abdul Mahdi's cabin through secret ballot" Quotes: "...the political blocs will vote on the government of Adel Abdul Mahdi after reviewing the biography of the ministers, and any minister whose career does not meet the specifications wanted by the Iraqi street, will be rejected nomination."; "...the Prime Minister-designate will present his cabinet to the House of Representatives on Thursday or the beginning of the last week of October to vote." Some in the dinar world suggest that the monetary change is tied to the formation of the new government. Making the leap that this article is true it looks like that may be delayed a little.
10-23-2018 Newshound/Intel Guru David M. Witty Source says incoming Iraqi PM Abdel-Mahdi turns down Maliki's request to make Malaki's son in law minister of Youth & Sports. Also turns down Maliki's request for Dawa Party member to get Oil Ministry.
10-23-2018 Intel Guru Delta [via Clare] Nov. 4th Iran sanctions - toughest ever...SWIFT will be disconnected... can not wire money or use USD. IHO...CBI knows exactly what will happen...needs to act fast...IQD attractive right now...more demand on IQD now! Iraq is all the focus right now "Babylon is going to rise"...All eyes on Iraq...will be very successful!
10-23-2018 Intel Guru RayRen98 Iraqi TV reported that Parliament will hold its session on Thursday but cabinet-select names won't be disclosed or voted upon until next week.
10-23-2018 Intel Guru Frank26 [via Clare] Let's Make it to the Finish Line...The Blessing is well calculated...Symposium @ University of Ceyhan...hosted by CBI representatives...on Iraqi Currency..."Hot Topic". WS's [Guru Walkingstick's] firm was there...talking about LD's (250, 500, 1000) coins are still currency in translation (LD's or small categories)...We are waiting for Art 2 ...from the CBI...it will contain pictures/ descriptions/date of RI/ metals will be part of 2nd Art, which only work when 3 zeros are lifted from exchange rate...Hundreds asked questions at the end... WS's firm representatives of 4 banks in Iraq have also asked questions & already have been told, MR is happening.
10-23-2018 Newshound Guru Phillyman Article: "Parliamentary signatures to pass Abdul Mahdi's cabin through secret ballot" Quotes: "...the political blocs will vote on the government of Adel Abdul Mahdi after reviewing the biography of the ministers, and any minister whose career does not meet the specifications wanted by the Iraqi street, will be rejected nomination."; "...the Prime Minister-designate will present his cabinet to the House of Representatives on Thursday or the beginning of the last week of October to vote." Some in the dinar world suggest that the monetary change is tied to the formation of the new government. Making the leap that this article is true it looks like that may be delayed a little.
10-22-2018 Newshound Guru Currency365 ...he [Abdul-Mahdi] has till NOV 3rd to announce his govt... and if he cant put people in the seats he will give some of his people 2 positions and he will take several positions himself to feel the empty seats.
10-22-2018 Newshound/Intel Guru Mnt Goat Article: "MAHDI WILL PRESENT THE NAMES OF MEMBERS OF HIS CABINET AND THE GOVERNMENT PROGRAM TO THE HOUSE OF REPRESENTATIVES ON MONDAY" ...Mahdi has come way too far already...Closer than any other designate prime minister before in getting this completed head of the deadline.
10-22-2018 Newshound/Intel Guru David M. Witty US says it will support the new Iraqi government of PM Abdel-Mahdi if Iraq fully adheres to US sanctions on Iran.
10-22-2018 Newshound/Intel Guru Mnt Goat ...this past week we heard many stories from the news media in Iraq when the announcement of Mahdi’s new government would take place. We were originally told on Thursday, then postponed until Saturday and then Sunday. Now...they are telling us to wait until Monday. I also want to reemphasize that you should NOT be anticipating an RV once the government is formed. ...This reinstatement will occur ONLY upon indication from the CBI. So far they have not said anything more in this regards. We do know they are targeting by the end of October and then they move on to EARLY 2019, if it can not be accomplished in this timeframe. Let’s sit back and see what happens...
10-22-2018 Newshound/Intel Guru David M. Witty Iraqi political source says incoming PM Abdel-Mahdi will present a partial cabinet of 15 ministers to Parliament on Wednesday for approval. Somewhere between 11 & 13 of the ministers are independents.
10-22-2018 Newshound Guru Bloodloch [...how DOES Iraq turn trillions of dinar into billions of dinar that are equal to the worth of a dollar and we still get our 'tasty treat' preferably (but unlikely) before Halloween?] [reference Guru Bloodloch post 10-21-2018] I knew I probably should not have used a Halloween metaphor. But who knows, maybe it will happen by then, although I'm not predicting as much. ...As for how they'll turn those trillions into billions, that's the crux of it, the secret sauce so to speak. The fact that the CBI hasn't announced the details yet means it's probably a secret. Whether I'm right or wrong, ...doesn't really matter. I'm waiting on the release of the very low denominations in the 1 dinar to 100 dinar range before I'll know for sure. Until then, it's still in play. The release of those very low denominations. That'll be our confirmation one way or the other.
10-22-2018 Newshound/Intel Guru Mnt Goat Article: "MAHDI WILL PRESENT THE NAMES OF MEMBERS OF HIS CABINET AND THE GOVERNMENT PROGRAM TO THE HOUSE OF REPRESENTATIVES ON MONDAY" ...Mahdi has come way too far already...Closer than any other designate prime minister before in getting this completed head of the deadline.
10-22-2018 Newshound/Intel Guru David M. Witty US says it will support the new Iraqi government of PM Abdel-Mahdi if Iraq fully adheres to US sanctions on Iran.
10-22-2018 Newshound/Intel Guru Mnt Goat ...this past week we heard many stories from the news media in Iraq when the announcement of Mahdi’s new government would take place. We were originally told on Thursday, then postponed until Saturday and then Sunday. Now...they are telling us to wait until Monday. I also want to reemphasize that you should NOT be anticipating an RV once the government is formed. ...This reinstatement will occur ONLY upon indication from the CBI. So far they have not said anything more in this regards. We do know they are targeting by the end of October and then they move on to EARLY 2019, if it can not be accomplished in this timeframe. Let’s sit back and see what happens...
10-22-2018 Newshound/Intel Guru David M. Witty Iraqi political source says incoming PM Abdel-Mahdi will present a partial cabinet of 15 ministers to Parliament on Wednesday for approval. Somewhere between 11 & 13 of the ministers are independents.
10-22-2018 Newshound Guru Bloodloch [...how DOES Iraq turn trillions of dinar into billions of dinar that are equal to the worth of a dollar and we still get our 'tasty treat' preferably (but unlikely) before Halloween?] [reference Guru Bloodloch post 10-21-2018] I knew I probably should not have used a Halloween metaphor. But who knows, maybe it will happen by then, although I'm not predicting as much. ...As for how they'll turn those trillions into billions, that's the crux of it, the secret sauce so to speak. The fact that the CBI hasn't announced the details yet means it's probably a secret. Whether I'm right or wrong, ...doesn't really matter. I'm waiting on the release of the very low denominations in the 1 dinar to 100 dinar range before I'll know for sure. Until then, it's still in play. The release of those very low denominations. That'll be our confirmation one way or the other.
10-21-2018 Newshound/Intel Guru Mnt Goat I want to remind everyone that there is NO FACTUAL basis for anyone telling you the Reinstatement is imminent. I know of a plan to reinstate the currency by the end of October if and only if the US is willing to sign off on it. This will NOT occur unless the government is “fully” formed and key positions are NOT in jeopardy. Personally, I believe we will move into 2019 without a reinstatement as the CBI is already looking at this timeframe as a possibility. There is just too much evidence building already for the case of 2019.
10-21-2018 Intel Guru RayRen98 Parliament meets today to resolve 70% or more of Madhi's cabinet selections amidst assurances that he would not select previous ministers of PM Abadi cabinet or any deputies from the current session. The intent is to conclude that the votes on the government of Madhi does not exceed this week. A memo, intended for banks to arrive late Friday evening, has not appeared with some banks and did with others. The basic emphasis is on expected changes on Forex. Let's just wait and see what happens later today when it opens. Screens were grayed out over the weekend.
10-21-2018 Intel Guru Frank26 They talk about maybe ...[Saturday], maybe Sunday, to sit the government. But they won’t. Now don’t get depressed about that. What does that have to do with the Monetary Reform? It would be nice to have it. But look, go back to the days of Maliki. Go back to the days of Abadi? Did you ever see a fully seated government? No. Fascinating isn’t it? Do you expect Mahdi to give you a fully seated Government too? In my opinion, Noooo. ...In my opinion family… Mahdi may resign before the GOI is even seated. I mean he might, he might not, it’s just my opinion. You know why it’s my opinion? Because it’s a rumor in Iraq.
10-21-2018 Newshound Guru Bloodloch There are reports of recent IQD talk from an Iraqi economist along the lines of "We should equal the US dollar." If true, this is precisely what I've been expecting them to inevitably do. To the penny. Yet, they cannot just suddenly declare 44 trillion issued and outstanding dinars to have an exchange value of 44 trillion dollars now can they? No, of course not, since the idea is not to chase dinars out of the country for subsequent ex-pat exchange abuses, but to draw them into the financial system for the benefit of all Iraqi citizens. And if that's true, that they are not going to suddenly increase the exchange value of their issued dinars to equal the dollar, one might ask, what are they going to do to reestablish a vigorous and valuable sovereign Iraqi currency? Within that answer may lie both the trick and the happy treat.
10-21-2018 Intel Guru RayRen98 Parliament meets today to resolve 70% or more of Madhi's cabinet selections amidst assurances that he would not select previous ministers of PM Abadi cabinet or any deputies from the current session. The intent is to conclude that the votes on the government of Madhi does not exceed this week. A memo, intended for banks to arrive late Friday evening, has not appeared with some banks and did with others. The basic emphasis is on expected changes on Forex. Let's just wait and see what happens later today when it opens. Screens were grayed out over the weekend.
10-21-2018 Intel Guru Frank26 They talk about maybe ...[Saturday], maybe Sunday, to sit the government. But they won’t. Now don’t get depressed about that. What does that have to do with the Monetary Reform? It would be nice to have it. But look, go back to the days of Maliki. Go back to the days of Abadi? Did you ever see a fully seated government? No. Fascinating isn’t it? Do you expect Mahdi to give you a fully seated Government too? In my opinion, Noooo. ...In my opinion family… Mahdi may resign before the GOI is even seated. I mean he might, he might not, it’s just my opinion. You know why it’s my opinion? Because it’s a rumor in Iraq.
10-21-2018 Newshound Guru Bloodloch There are reports of recent IQD talk from an Iraqi economist along the lines of "We should equal the US dollar." If true, this is precisely what I've been expecting them to inevitably do. To the penny. Yet, they cannot just suddenly declare 44 trillion issued and outstanding dinars to have an exchange value of 44 trillion dollars now can they? No, of course not, since the idea is not to chase dinars out of the country for subsequent ex-pat exchange abuses, but to draw them into the financial system for the benefit of all Iraqi citizens. And if that's true, that they are not going to suddenly increase the exchange value of their issued dinars to equal the dollar, one might ask, what are they going to do to reestablish a vigorous and valuable sovereign Iraqi currency? Within that answer may lie both the trick and the happy treat.
10-20-2018 Newshound Guru chattels [will they make the 24th deadline?] The 24th is Mahdi's target date. The constitutional "deadline" is November 2/3. News reports say Monday (22nd) or Wednesday (24th) that a list will be published, so it appears that Mahdi may meet his targeted date with a partial list. Every nominee on the list must be voted upon by Parliament individually.
10-20-2018 Intel Guru ADMINBILL ...things related to the end goal are being accomplished each and every day. Are potential "test runs" being processed through the system? Possibly...We are not there yet. But it's coming as...others are hinting at. Still no date or rates.
10-20-2018 Intel Guru Frank26 Here’s another question that my bank friends asked: Your intentions to reinstate the currency...is this correct? To which Mousawi said: We are Sovereign as a people, and we are going to have a Sovereign currency, and yes! We most definitely plan to be international. Yes! We are working with Alaq to do this… SOON. But, if I may ask a third question: What is the value of the currency going to be? Well, we are undervalue with our currency right now. It is not the true value of the dinar. We should equal the US dollar. Please notice that there is no denial of the Monetary Reform and the reinstatement of the Iraqi dinar. And please... Notice the ADMISSION...that it is in progress right now and SOON… to be released. [post 3 of 3]
10-20-2018 Intel Guru Frank26 ...Mousawi...that has worked with the CBI for many years, he has to be very careful how he answers the questions. Why? Because the whole Monetary Reform, the reinstatement of the Iraqi Dinar, is well calculated. They responded...that the process…”...is “on-going” with the CBI. It is in motion right now. That’s very good. And when do you think these Small Category Notes with the Metals, for the Fils, when do you think they are going to be coming out? He responded..We are in the education process, as we told you. And that education process continues with Alaq. And we have every intention to reform our currency...as far as the coins of the Monetary Reform, it’s definitely in process. And it has well progressed. [post 2 of 3....stay tuned]
10-20-2018 Intel Guru Frank26 ...the Symposium, that was being held by Mousawi, one of the well trusted economists in Iraq....at a University where there were hundreds of students...they were talking about the Iraqi Currency. When the Symposium was complete...they opened it up to Questions and Answers. It wasn’t for the Media. ...There were hundreds of students. Plus, my friend [Guru] Walkingstick’s firm. The Members of his Firm that own banks...all those people that represent the ownership of the banks with my friend’s company, with their firm in Iraq. When it came time for my friend Walkingstick’s firm to ask questions...They only wanted one question answered. When? When, are you going to release the Small Category Notes with the Fils, that you told us about? [post 1 of 3....stay tuned]
10-20-2018 Newshound Guru MilitiaMan Article: "Abadi office: The current government has the constitutional powers to exercise its functions and carry out its duties" Quote: "It continues to practice and assume its constitutional responsibilities and conduct business, Before parliament for the next government." They are telling us that under the present circumstances and timing, the current government can and will execute necessary constitutional obligations, economic projects (contracts), investment projects (contracts), service sector projects, urgent contracts all within the legal confines of the 2018 Budget. The President, present Prime Minister and the Prime Minister Designate are on board... I suspect...todays Oil hand off with 9 companies were part of the Urgent Contracts and not to mention inclusive by including non-fundamentalist's...In other words, they are including Christians which suggests they are gearing for to national reconciliation in which may or does include the HCL.. imo
10-20-2018 Intel Guru RayRen98 . . . Quite a few things have come in just in this hour that we'll get more confirmation on. Bottom line: We've been working at this, this long; waiting this long. What's another few hours, few more days to get the best out of this? What do you think it's going to be like when the light turns green? and all currencies are exchangeable at a new rate. Information is going to flow 10 X's as fast and as quickly. Patience is a virtue.
10-20-2018 Intel Guru ADMINBILL ...things related to the end goal are being accomplished each and every day. Are potential "test runs" being processed through the system? Possibly...We are not there yet. But it's coming as...others are hinting at. Still no date or rates.
10-20-2018 Intel Guru Frank26 Here’s another question that my bank friends asked: Your intentions to reinstate the currency...is this correct? To which Mousawi said: We are Sovereign as a people, and we are going to have a Sovereign currency, and yes! We most definitely plan to be international. Yes! We are working with Alaq to do this… SOON. But, if I may ask a third question: What is the value of the currency going to be? Well, we are undervalue with our currency right now. It is not the true value of the dinar. We should equal the US dollar. Please notice that there is no denial of the Monetary Reform and the reinstatement of the Iraqi dinar. And please... Notice the ADMISSION...that it is in progress right now and SOON… to be released. [post 3 of 3]
10-20-2018 Intel Guru Frank26 ...Mousawi...that has worked with the CBI for many years, he has to be very careful how he answers the questions. Why? Because the whole Monetary Reform, the reinstatement of the Iraqi Dinar, is well calculated. They responded...that the process…”...is “on-going” with the CBI. It is in motion right now. That’s very good. And when do you think these Small Category Notes with the Metals, for the Fils, when do you think they are going to be coming out? He responded..We are in the education process, as we told you. And that education process continues with Alaq. And we have every intention to reform our currency...as far as the coins of the Monetary Reform, it’s definitely in process. And it has well progressed. [post 2 of 3....stay tuned]
10-20-2018 Intel Guru Frank26 ...the Symposium, that was being held by Mousawi, one of the well trusted economists in Iraq....at a University where there were hundreds of students...they were talking about the Iraqi Currency. When the Symposium was complete...they opened it up to Questions and Answers. It wasn’t for the Media. ...There were hundreds of students. Plus, my friend [Guru] Walkingstick’s firm. The Members of his Firm that own banks...all those people that represent the ownership of the banks with my friend’s company, with their firm in Iraq. When it came time for my friend Walkingstick’s firm to ask questions...They only wanted one question answered. When? When, are you going to release the Small Category Notes with the Fils, that you told us about? [post 1 of 3....stay tuned]
10-20-2018 Newshound Guru MilitiaMan Article: "Abadi office: The current government has the constitutional powers to exercise its functions and carry out its duties" Quote: "It continues to practice and assume its constitutional responsibilities and conduct business, Before parliament for the next government." They are telling us that under the present circumstances and timing, the current government can and will execute necessary constitutional obligations, economic projects (contracts), investment projects (contracts), service sector projects, urgent contracts all within the legal confines of the 2018 Budget. The President, present Prime Minister and the Prime Minister Designate are on board... I suspect...todays Oil hand off with 9 companies were part of the Urgent Contracts and not to mention inclusive by including non-fundamentalist's...In other words, they are including Christians which suggests they are gearing for to national reconciliation in which may or does include the HCL.. imo
10-20-2018 Intel Guru RayRen98 . . . Quite a few things have come in just in this hour that we'll get more confirmation on. Bottom line: We've been working at this, this long; waiting this long. What's another few hours, few more days to get the best out of this? What do you think it's going to be like when the light turns green? and all currencies are exchangeable at a new rate. Information is going to flow 10 X's as fast and as quickly. Patience is a virtue.
10-19-2018 Intel Guru Delta Article: "Indicators of improvement and realistic stability Mohammed Hassan Al Mousawi" Quote: "Financial indicator: The deletion of zeros from the Iraqi currency evidence of the strength of the Iraqi dinar exchange and return to the predecessor of his reign." [This ENTIRE article is telling us ALL the accomplishments that Iraq HAS ACHIEVED!! IMO...all past tense!] I DID READ IT AN ARABIC ...YES THIS MAN SAYING IT'S DONE...
10-19-2018 Newshound/Intel Guru Mnt Goat We heard that on Wednesday 10/24 the designate prime minster is supposed to announce candidates (as least half of his new cabinet) to meet the constitution deadline. But wait a second...the constitution says entire government not half of it. But this is a game each prime minister plays. They submit an entire list of nominees then they expect some to be rejected. They then have another 30 days to re-select these remaining positions. This meets the deadline and everyone is happy. We are in the waiting mode again.
10-19-2018 Newshound Guru Currency365 Iraq’s Oil Minister Jabbar al-Luiebi decreed on Thursday the transfer of the ownership of nine state-held oil companies from the oil ministry to the newly formed National Oil Company...(Preparing for Citizens monthly Oil Revenue)
10-19-2018 Intel Guru Bruce On Tues. Oct. 16 Trump gave Iraq a 48 hour window to get things done. They met that deadline by Thurs. Oct. 18. A super rich person in Jordan was using his office in Iraq to funnel money to terrorists. They handled this by freezing accounts in order to meet the deadline and be RV ready. Today [Thursday] Oct. 18 the new Rates went back up on the bank screens, and then went to flashing as they adjusted to the QFS system. Bruce was told this would be a morning daytime event. They may wait until all banks across the nation were open before releasing. You could negotiate your rates, although the screen rates were so good that you may not want to.
10-19-2018 Newshound/Intel Guru David M. Witty Iraqi political sources say PM Abdel-Mahdi (designate) will present his cabinet to Parliament next week but without names for ministers of Defense, Interior, Foreign, Oil & Finance. Still searching for these & tied to political parties' desires.
10-19-2018 Newshound Guru Bloodloch I noticed some suggestions going around here and there concerning the total of dinars In circulation (currency issued) going from about 150 trillion to 44 trillion dinars as a sign of the CBI's seriousness about their plan to revitalize or reinvigorate their currency, and that got me to thinking. Cutting to the chase, the fact is that the CBI has never shown a currency issued figure anywhere near 150 trillion dinars. ...The most recent value for Currency Issued per the CBI financial statements as of December 31, 2017, is indeed 44 trillion dinars, as seems to now be commonly known. ...It's important as a community that we rely on confirmable facts in our analyses. These corrected facts will bear fruit.
10-19-2018 Newshound/Intel Guru Mnt Goat We heard that on Wednesday 10/24 the designate prime minster is supposed to announce candidates (as least half of his new cabinet) to meet the constitution deadline. But wait a second...the constitution says entire government not half of it. But this is a game each prime minister plays. They submit an entire list of nominees then they expect some to be rejected. They then have another 30 days to re-select these remaining positions. This meets the deadline and everyone is happy. We are in the waiting mode again.
10-19-2018 Newshound Guru Currency365 Iraq’s Oil Minister Jabbar al-Luiebi decreed on Thursday the transfer of the ownership of nine state-held oil companies from the oil ministry to the newly formed National Oil Company...(Preparing for Citizens monthly Oil Revenue)
10-19-2018 Intel Guru Bruce On Tues. Oct. 16 Trump gave Iraq a 48 hour window to get things done. They met that deadline by Thurs. Oct. 18. A super rich person in Jordan was using his office in Iraq to funnel money to terrorists. They handled this by freezing accounts in order to meet the deadline and be RV ready. Today [Thursday] Oct. 18 the new Rates went back up on the bank screens, and then went to flashing as they adjusted to the QFS system. Bruce was told this would be a morning daytime event. They may wait until all banks across the nation were open before releasing. You could negotiate your rates, although the screen rates were so good that you may not want to.
10-19-2018 Newshound/Intel Guru David M. Witty Iraqi political sources say PM Abdel-Mahdi (designate) will present his cabinet to Parliament next week but without names for ministers of Defense, Interior, Foreign, Oil & Finance. Still searching for these & tied to political parties' desires.
10-19-2018 Newshound Guru Bloodloch I noticed some suggestions going around here and there concerning the total of dinars In circulation (currency issued) going from about 150 trillion to 44 trillion dinars as a sign of the CBI's seriousness about their plan to revitalize or reinvigorate their currency, and that got me to thinking. Cutting to the chase, the fact is that the CBI has never shown a currency issued figure anywhere near 150 trillion dinars. ...The most recent value for Currency Issued per the CBI financial statements as of December 31, 2017, is indeed 44 trillion dinars, as seems to now be commonly known. ...It's important as a community that we rely on confirmable facts in our analyses. These corrected facts will bear fruit.
10-18-2018 Newshound/Intel Guru Mnt Goat Right now we are waiting for the new designate PM to form his government, which is his cabinet of ministers that run the government. We know the constitutional deadline is Oct 24th in which to do this. The new speaker just told us...that he fully expects to hold a vote to ratify the new cabinet within this timeframe. We know the USA refuses to sign off and give a full commitment to reinstate the dinar unless they see a stable new government. One of the conditions they have give is to form their new government. Iraqi news reports that Prime Minister-Designate Madhi will present his cabinet choices on Saturday Oct 20th and Parliament will hold a special session on Sunday for voting.
10-18-2018 Newshound/Intel Guru David M. Witty In Iraq, source says Maliki is thinking of withdrawing from the new government formation process. Previously it was stated Maliki would maintain his position as deputy president in new government.
10-18-2018 Newshound/Intel Guru Mnt Goat We all are aware that the dinar, as it stands today, is worth much more than the program rate now assigned by the CBI. But this higher rate must be realized by supply and demand for the currency. Just be reducing the amount of dinar in circulation down from about 150 trillion to 44 trillion dinars alone is showing us the CBI is serious about this plan. It is only when the dinar is re-pegged to the SDR basket and then gets reinstated to the open market trading platforms once again, as it was in pre-war days, that the dinar can potentially go to a much more substantial rate. Many call this the “revaluation” or RV but technically an RV never really happens. It is a “reinstatement” that occurs that eventually gives the dinar back it former rate (glory days) plus more.
10-18-2018 Newshound Guru Phillyman ...Abdul-Mahdi is supposed to finally present at least half his cabinet next week but as I read in one article there still are issues. Quote: "According to the sources, the debate is still large on the ministries of defense and interior and foreign affairs and finance and planning..." But, the big article of today to me is the GE news...The Trump administration intervened to quash a $15 billion deal for Siemens Corp. to develop power stations in Iraq, instead persuading Baghdad to sign an agreement with General Electric Co., two administration officials said. Article quote: “This is part of very strong campaign of engagement in Iraqi government formation and a very targeted effort to support the Iraqi government and minimize Iranian influence,”
10-18-2018 Newshound Guru Adam Montana Iraq, with a very significant chunk of the black gold available to us on this planet, somehow slipped through the cracks and didn't even have to raise a hand in agreement with this major agreement that was put in place by some tiny insignificant countries like Saudi Arabia, Kuwait, wait a minute... those are NOT tiny or insignificant! Quite the opposite, in fact - they are major players. Some of the OPEC members have substantially less resources than Iraq. This is important to remember because to this very day, Iraq has not made any promises to abide by the current agreement. This gives them the full ability to stockpile reserves, and flood the market at a moment's notice, which could bring in an enormous pile of cash to use in any way they want...You know, like... funding an RV. [post 2 of 2]
10-18-2018 Newshound Guru Adam Montana Article: "OPEC Secretary General calls on oil producing countries to increase production" ...It was not too long ago that the "Oil and Petroleum Exporting Countries" came to an agreement (unanimous, if I recall correctly) to work together on regulating the production of oil, as a sort of "emergency" measure to keep the markets under control in some uncertain times. They all agreed to control their production. They made a big deal out of it. Iraq's position in this agreement is HUGE... mostly because they are barely even mentioned in all 39 of those pages!!! [post 1 of 2....stay tuned]
10-18-2018 Newshound/Intel Guru David M. Witty In Iraq, source says Maliki is thinking of withdrawing from the new government formation process. Previously it was stated Maliki would maintain his position as deputy president in new government.
10-18-2018 Newshound/Intel Guru Mnt Goat We all are aware that the dinar, as it stands today, is worth much more than the program rate now assigned by the CBI. But this higher rate must be realized by supply and demand for the currency. Just be reducing the amount of dinar in circulation down from about 150 trillion to 44 trillion dinars alone is showing us the CBI is serious about this plan. It is only when the dinar is re-pegged to the SDR basket and then gets reinstated to the open market trading platforms once again, as it was in pre-war days, that the dinar can potentially go to a much more substantial rate. Many call this the “revaluation” or RV but technically an RV never really happens. It is a “reinstatement” that occurs that eventually gives the dinar back it former rate (glory days) plus more.
10-18-2018 Newshound Guru Phillyman ...Abdul-Mahdi is supposed to finally present at least half his cabinet next week but as I read in one article there still are issues. Quote: "According to the sources, the debate is still large on the ministries of defense and interior and foreign affairs and finance and planning..." But, the big article of today to me is the GE news...The Trump administration intervened to quash a $15 billion deal for Siemens Corp. to develop power stations in Iraq, instead persuading Baghdad to sign an agreement with General Electric Co., two administration officials said. Article quote: “This is part of very strong campaign of engagement in Iraqi government formation and a very targeted effort to support the Iraqi government and minimize Iranian influence,”
10-18-2018 Newshound Guru Adam Montana Iraq, with a very significant chunk of the black gold available to us on this planet, somehow slipped through the cracks and didn't even have to raise a hand in agreement with this major agreement that was put in place by some tiny insignificant countries like Saudi Arabia, Kuwait, wait a minute... those are NOT tiny or insignificant! Quite the opposite, in fact - they are major players. Some of the OPEC members have substantially less resources than Iraq. This is important to remember because to this very day, Iraq has not made any promises to abide by the current agreement. This gives them the full ability to stockpile reserves, and flood the market at a moment's notice, which could bring in an enormous pile of cash to use in any way they want...You know, like... funding an RV. [post 2 of 2]
10-18-2018 Newshound Guru Adam Montana Article: "OPEC Secretary General calls on oil producing countries to increase production" ...It was not too long ago that the "Oil and Petroleum Exporting Countries" came to an agreement (unanimous, if I recall correctly) to work together on regulating the production of oil, as a sort of "emergency" measure to keep the markets under control in some uncertain times. They all agreed to control their production. They made a big deal out of it. Iraq's position in this agreement is HUGE... mostly because they are barely even mentioned in all 39 of those pages!!! [post 1 of 2....stay tuned]
10-17-2018 Newshound/Intel Guru Mnt Goat THE PROJECT TO DELETE THE ZEROS IS IN MOTION...We are now seeing the very slow transition to the dependence on the smaller denominations as part of the plan. We know this is within the last steps of the plan. Soon they will launch out the next set of even yet smaller, smaller denominations...the initial removal of the 3 zeros will not impact the rate. ...They are not reducing the value or increasing the value of the dinar within the “initial” stages of the plan to delete the zeros. ...initially the rate in country will come out at about 1:1 for about 2-3 weeks prior to us seeing it on the global trading platforms. This gives the CBI time to monitor it and adjust for inflation. Then when it does finally come out on the exchanges, it will be adjusted to the new SDR basket and put on a float (as all currencies on the exchanges are on a float). There will probably be a fixed cap (a predetermined maximum rate).
10-17-2018 Newshound Guru Kaperoni I assure you nothing is going to happen with the dinar until the government is formed and parliament passes the necessary delinquent laws. I also expect the IMF to meet with the CBI. I have said on numerous occasions IMF Article VIII is critical to opening Iraq's banking to the world's Financial system. I don't see that happening until after the IMF meets with the CBI to have their Article IV Consultation which has been postponed til the formation of the gov.
10-17-2018 Newshound Guru Walkingstick [via Clare] A Sovereign Currency for a Sovereign Country...When a Governor puts a signature on currency it's because preparing to leave and go International / Global markets...Table has turned... CBI saying we are getting it Done! So much in place ...Very impressive...GOI tipped their hat by supporting Alak's signature...GOI is saying currency is going international...IQD is going to change the face of the global market, because of a Basket!
10-17-2018 Newshound/Intel Guru Mnt Goat CURRENT TARGET DATE BY THE CBI: I want everyone to understand that I have always been telling you that they are now targeting to reinstate the Iraqi dinar by the end of October (of 2018) and if they don’t do it then they know that they could be in jeopardy of having to wait into EARLY 2019 due to possible instability that may be caused by the ramped up new Iranian sanctions. This part of the plan to delete the zeros is not something you just snap your fingers and its done.
10-17-2018 Intel Guru Bruce I have heard they wanted to adjust the rates over the next day or two. Either Wednesday or Thursday they should have those where they want them to be for us to go. The rates are being traded upwards. So I am excited where we are going. We are coming up on it. I would say the intention is for this to go down in the next two to two and half days. Simple as that. I know in Iraq they have plans to celebrate... Wednesday, Thursday, and Saturday. I think they are ready for something to pop over there or they wouldn’t be setting up celebrations. People are excited about it. The ones we are talking to over there are excited about it, and they see this happening. [post 2 of 2]
10-17-2018 Intel Guru Bruce [via PinkRoses] ...it seems to an extent that we are waiting on Iraq to flip the switch for their own evaluation of their dinar publicly. We know it has been going up in value in country and on their debit card, the so called Qi cards for months now. We know it has not been made public on the CBI or anywhere else. ...Where we are is Iraq’s Prime Minister Mahdi is to select or has already selected the cabinet for the Parliament, his cabinet. That is to be given over to the Parliament to vote in on Sunday. Now that is for I believe is for something of a formality. I think what has happened is President Trump had a conversation very early in the morning...with Abadi to get this thing done in terms what Iraq needs to do with their Parliament, the seating of it, to have that done as well as their rate out published in 48 hours. I believe they are going to do that... [post 1 of 2....stay tuned]
10-17-2018 Newshound Guru chattels Article quote: "The government is forming smoothly and we are confident that the government will be formed before the constitutional deadline expires," The constitutional deadline expires on November 2/3 depending upon the news that one reads.
10-17-2018 Newshound/Intel Guru BGG Article: "Commission likely to announce the final results of the parliamentary elections by this date" Quote: "The spokesman for the Electoral Commission for Elections and Referendum in the Kurdistan Region, Monday, announced the final results of the parliamentary elections in Kurdistan within 5 to 7 days." There is a reason they haven’t been very forthcoming with these results… we shall soon see why.
10-17-2018 Newshound Guru Kaperoni I assure you nothing is going to happen with the dinar until the government is formed and parliament passes the necessary delinquent laws. I also expect the IMF to meet with the CBI. I have said on numerous occasions IMF Article VIII is critical to opening Iraq's banking to the world's Financial system. I don't see that happening until after the IMF meets with the CBI to have their Article IV Consultation which has been postponed til the formation of the gov.
10-17-2018 Newshound Guru Walkingstick [via Clare] A Sovereign Currency for a Sovereign Country...When a Governor puts a signature on currency it's because preparing to leave and go International / Global markets...Table has turned... CBI saying we are getting it Done! So much in place ...Very impressive...GOI tipped their hat by supporting Alak's signature...GOI is saying currency is going international...IQD is going to change the face of the global market, because of a Basket!
10-17-2018 Newshound/Intel Guru Mnt Goat CURRENT TARGET DATE BY THE CBI: I want everyone to understand that I have always been telling you that they are now targeting to reinstate the Iraqi dinar by the end of October (of 2018) and if they don’t do it then they know that they could be in jeopardy of having to wait into EARLY 2019 due to possible instability that may be caused by the ramped up new Iranian sanctions. This part of the plan to delete the zeros is not something you just snap your fingers and its done.
10-17-2018 Intel Guru Bruce I have heard they wanted to adjust the rates over the next day or two. Either Wednesday or Thursday they should have those where they want them to be for us to go. The rates are being traded upwards. So I am excited where we are going. We are coming up on it. I would say the intention is for this to go down in the next two to two and half days. Simple as that. I know in Iraq they have plans to celebrate... Wednesday, Thursday, and Saturday. I think they are ready for something to pop over there or they wouldn’t be setting up celebrations. People are excited about it. The ones we are talking to over there are excited about it, and they see this happening. [post 2 of 2]
10-17-2018 Intel Guru Bruce [via PinkRoses] ...it seems to an extent that we are waiting on Iraq to flip the switch for their own evaluation of their dinar publicly. We know it has been going up in value in country and on their debit card, the so called Qi cards for months now. We know it has not been made public on the CBI or anywhere else. ...Where we are is Iraq’s Prime Minister Mahdi is to select or has already selected the cabinet for the Parliament, his cabinet. That is to be given over to the Parliament to vote in on Sunday. Now that is for I believe is for something of a formality. I think what has happened is President Trump had a conversation very early in the morning...with Abadi to get this thing done in terms what Iraq needs to do with their Parliament, the seating of it, to have that done as well as their rate out published in 48 hours. I believe they are going to do that... [post 1 of 2....stay tuned]
10-17-2018 Newshound Guru chattels Article quote: "The government is forming smoothly and we are confident that the government will be formed before the constitutional deadline expires," The constitutional deadline expires on November 2/3 depending upon the news that one reads.
10-17-2018 Newshound/Intel Guru BGG Article: "Commission likely to announce the final results of the parliamentary elections by this date" Quote: "The spokesman for the Electoral Commission for Elections and Referendum in the Kurdistan Region, Monday, announced the final results of the parliamentary elections in Kurdistan within 5 to 7 days." There is a reason they haven’t been very forthcoming with these results… we shall soon see why.
10-16-2018 Newshound/Intel Guru Mnt Goat Article quote: "...the Financial Advisor to the Prime Minister confirmed the appearance of Mohammed Salih on Sunday that the sovereign wealth fund (now 20 trillion dollars (not dinars) will be launched next year 2019 after the implementation of the law of the National Oil Company, noting that the fund will be used for development purposes directly." Talk about “financial stability”? WOW!
10-16-2018 Newshound Guru Kaperoni Another article states...Iraq is going to have a great economic renaissance and investment from non-oil in the coming period. Let's hope.
10-16-2018 Intel Guru RayRen98 Iraqi news reports that PM Madhi will announce his complete cabinet on Thursday or Saturday. Bankers are meeting later today to discuss the release details and expected date of the RV.
10-16-2018 Newshound Guru Breitling …But if anything ever comes up…I will say hey guys shut it down, get rid of your dinar at any rate you can because it’s not going to revalue. I promise you that…nothing has changed. If the CBI has not put anything out then nothing has changed…unbelievable happy situation for us what Iraq wants to do…what Iran is plotting for Iraq to do. That’s what they want. All of a sudden it’s a big deal for Iraq to revalue because they [Iran] can benefit from it. Why? Because their country is being shut off from the world. That’s a huge plus for us. You should be excited. I’m not kidding, you should be very very excited because it means something. Now what’s the rate and what’s the date it’s going to come out? I haven’t got a clue… [Post 2 of 2]
10-16-2018 Newshound Guru Breitling If I see there is no path at all. I have no problem of telling you, ‘Hey guys this probably is not going to work out.’ I have absolutely no problem telling you all knock it off and get out. I’m not emotionally, physically, anything, attached to this. I’m speculating and I’m watching the numbers. Now I happen to think it’s going to revalue and I have absolute confidence that it’s going to. And you guys know why… because I’m showing you the numbers. I keep going over it over and over again. Absolute confidence. [Post 1 of 2: Stay tuned for the rest of the story]
10-16-2018 Newshound Guru chattels Eight days remaining for Mahdi to meet his targeted date of October 24 to form the next government.
10-16-2018 Newshound/Intel Guru Mnt Goat Article quote: "The initial draft of the budget law of 2019 INCLUDED A MAJOR ECONOMIC BOOM FOR THE COUNTRY. THIS INCREASE IN INVESTMENT SPENDING, WILL REVIVE THE PRIVATE SECTOR AND INVESTMENT IN THE COUNTRY, which contributes to increase the recruitment of labor and reduce unemployment rates in the country.” 2018 budget was based on $45+ for a barrel of oil. Oil is now almost double that amount $70+. So there is a huge surplus of oil revenues. Iraq is not only swimming in oil they are also swimming in mullah (money).
10-16-2018 Newshound Guru Kaperoni Another article states...Iraq is going to have a great economic renaissance and investment from non-oil in the coming period. Let's hope.
10-16-2018 Intel Guru RayRen98 Iraqi news reports that PM Madhi will announce his complete cabinet on Thursday or Saturday. Bankers are meeting later today to discuss the release details and expected date of the RV.
10-16-2018 Newshound Guru Breitling …But if anything ever comes up…I will say hey guys shut it down, get rid of your dinar at any rate you can because it’s not going to revalue. I promise you that…nothing has changed. If the CBI has not put anything out then nothing has changed…unbelievable happy situation for us what Iraq wants to do…what Iran is plotting for Iraq to do. That’s what they want. All of a sudden it’s a big deal for Iraq to revalue because they [Iran] can benefit from it. Why? Because their country is being shut off from the world. That’s a huge plus for us. You should be excited. I’m not kidding, you should be very very excited because it means something. Now what’s the rate and what’s the date it’s going to come out? I haven’t got a clue… [Post 2 of 2]
10-16-2018 Newshound Guru Breitling If I see there is no path at all. I have no problem of telling you, ‘Hey guys this probably is not going to work out.’ I have absolutely no problem telling you all knock it off and get out. I’m not emotionally, physically, anything, attached to this. I’m speculating and I’m watching the numbers. Now I happen to think it’s going to revalue and I have absolute confidence that it’s going to. And you guys know why… because I’m showing you the numbers. I keep going over it over and over again. Absolute confidence. [Post 1 of 2: Stay tuned for the rest of the story]
10-16-2018 Newshound Guru chattels Eight days remaining for Mahdi to meet his targeted date of October 24 to form the next government.
10-16-2018 Newshound/Intel Guru Mnt Goat Article quote: "The initial draft of the budget law of 2019 INCLUDED A MAJOR ECONOMIC BOOM FOR THE COUNTRY. THIS INCREASE IN INVESTMENT SPENDING, WILL REVIVE THE PRIVATE SECTOR AND INVESTMENT IN THE COUNTRY, which contributes to increase the recruitment of labor and reduce unemployment rates in the country.” 2018 budget was based on $45+ for a barrel of oil. Oil is now almost double that amount $70+. So there is a huge surplus of oil revenues. Iraq is not only swimming in oil they are also swimming in mullah (money).
10-15-2018 Newshound Guru Shredd Article: "Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion dinars" Quote: "The Central Bank of Iraq, on Thursday, that the deletion of zeros is still in place, indicating that the amount of cash mass in the market is 44 trillion dinars." Great to see this. We've talked a ton about this over the past several years. If this project continues, that means sufficient stability is achieved and that's exciting news.
10-15-2018 Newshound/Intel Guru Mnt Goat We know that much is changing... There is much in our favor and Iraq is more equipped to reinstate their currency now more than ever...It seems all indicators are VERY good that the CBI is targeting EARLY 2019 for the reinstatement of the Iraqi dinar...
10-15-2018 Intel Guru RayRen98 On Sunday, Iraqi TV reported that several members of Parliament are planning to refuse some of the names already submitted by Mahdi. If they do, the Prime Minister-Designate will have 30 days to get those names replaced.
10-15-2018 Newshound Guru Bloodloch Article: "CBI: No intention to withdraw new currencies" Quote: "The bank stresses that efforts are continuing to introduce more small paper classes..." More small classes. Plural. Fascinating.
10-15-2018 Newshound/Intel Guru Mnt Goat Article: "LATEST CURRENCY CRISIS IS A FABRICATED, A POLITICAL SENSATION AIMED AT HITTING THE NATIONAL CURRENCY AND THE NATIONAL ECONOMY" I would suggest everyone ignore...these articles about the new format of the currency and the signatures issues. The formats are all approved probably months is not years ago. So what is important in this article for us then? They are telling us the timing of the reinstatement is important as it coincides with high oil prices. Did I not tell everyone that this was something we had to look for and dependency on the timing? ...High Oil prices is part of having the “appropriate environment” for the RV.
10-15-2018 Newshound Guru Breitling Anyone can have an opinion on the Iraqi Dinar, up or down. It does not matter. That is not illegal…two, it is not illegal to sell Iraqi Dinar…Iraq is a country. It’s their currency. It’s not a scam. It’s a country’s currency…this is a legitimate opportunity. We are speculating on the time and the rate. It’s nothing but pure speculation… It's the CBI. They have the authority…Did the CBI put out a statement saying they were not going to revalue their currency? That they have no plan at all to add value to their currency? What about the Ministry of Finance? What about the Ministry of Planning? What about Parliament? That kind of narrows it down. You have four solid entities that you can watch…that you can get a bearing. It’s that simple…what matters is what the CBI says…the news coming out of Iraq is phenomenal!
10-15-2018 Newshound/Intel Guru Mnt Goat We know that much is changing... There is much in our favor and Iraq is more equipped to reinstate their currency now more than ever...It seems all indicators are VERY good that the CBI is targeting EARLY 2019 for the reinstatement of the Iraqi dinar...
10-15-2018 Intel Guru RayRen98 On Sunday, Iraqi TV reported that several members of Parliament are planning to refuse some of the names already submitted by Mahdi. If they do, the Prime Minister-Designate will have 30 days to get those names replaced.
10-15-2018 Newshound Guru Bloodloch Article: "CBI: No intention to withdraw new currencies" Quote: "The bank stresses that efforts are continuing to introduce more small paper classes..." More small classes. Plural. Fascinating.
10-15-2018 Newshound/Intel Guru Mnt Goat Article: "LATEST CURRENCY CRISIS IS A FABRICATED, A POLITICAL SENSATION AIMED AT HITTING THE NATIONAL CURRENCY AND THE NATIONAL ECONOMY" I would suggest everyone ignore...these articles about the new format of the currency and the signatures issues. The formats are all approved probably months is not years ago. So what is important in this article for us then? They are telling us the timing of the reinstatement is important as it coincides with high oil prices. Did I not tell everyone that this was something we had to look for and dependency on the timing? ...High Oil prices is part of having the “appropriate environment” for the RV.
10-15-2018 Newshound Guru Breitling Anyone can have an opinion on the Iraqi Dinar, up or down. It does not matter. That is not illegal…two, it is not illegal to sell Iraqi Dinar…Iraq is a country. It’s their currency. It’s not a scam. It’s a country’s currency…this is a legitimate opportunity. We are speculating on the time and the rate. It’s nothing but pure speculation… It's the CBI. They have the authority…Did the CBI put out a statement saying they were not going to revalue their currency? That they have no plan at all to add value to their currency? What about the Ministry of Finance? What about the Ministry of Planning? What about Parliament? That kind of narrows it down. You have four solid entities that you can watch…that you can get a bearing. It’s that simple…what matters is what the CBI says…the news coming out of Iraq is phenomenal!
10-14-2018 ***Dinar Guru News Update*** A bit of sad but promising news...Guest Guru BobTheTaxMan was having chest pains, got checked out and turns out he needed quadruple bypass surgery. The great news is he's doing fine now. He'll need some time to recover from major surgery. As always, regardless if you agree or disagree with his view on things...We're all one big happy community...be sure to send him a positive thought or prayer today. The latest guru posts will continue below...
10-14-2018 Intel Guru Frank26 ...if we see any more GOI seating, which we feel in our opinion, we’ll see, some AMAZING names, come up very soon. Theres also something else that we should see between now and next Monday. In my opinion, look for Mahdi to meet with the Central Bank of Iraq.
10-14-2018 Newshound Guru Don961 [In this article it states "Abdul Mahdi has 30 days to form his government and is likely to succeed" When did the 30 days start?] Nov. 3 is the end of the mandate to form a cabinet ... it can be satisfied any time before that of course.
10-14-2018 Intel/Newshound Guru sandyf Article quote: "Experts predict this announcement will trigger one of the most profound transfers of wealth in our lifetime." That was a quote from an article being discussed a few days ago. I said a while back that there were indications from outside dinarland of something positive this year and that is still the case. ...Obviously nothing is cast in stone but optimism is higher than ever before but not going to say too much in public.
10-14-2018 Newshound Guru chattels Article quote: "The new government will include independent ministers and other representatives from major parties, who will be selected before the deadline Abdul-Mahdi set on October 24." So, it appears that the constitutional deadline is November 2nd, but Mahdi has targeted October 24th as the date for the formation of the new/next government.
10-14-2018 Newshound Guru Currency365 Mohammed Saleh on Sunday said that the sovereign wealth fund will be launched next year after the implementation of the law of the National Oil Company, noting that funds will be used for development purposes directly...#iraq got money like crazy but pretend they poor lol
10-14-2018 Newshound Guru Breitling …If it doesn’t come from the CBI crumble it up in a little ball and throw it in the…trash! Because it means nothing. Remember, the authority comes from the CBi. If it does not come from the CBI, it does not exist…one of the scenarios out there, what if they do produce new notes? Like a 1000 note or the notes that are already out there that we have? There is nothing wrong with that. They gotta replace the currency sooner or later with new currency. This stuff gets damaged, it gets old…they honor different people or different heritage sites…that’s one of the new currencies coming out in Iraq - SUPPOSEDLY! Again I have not heard that from the CBI…it definitely didn’t come from parliament…It didn’t come from the Minister of Planning…It didn’t come from the Minister of Finance. So that’s pretty much it. You have the entities that can point Iraq into a certain direction and you have the actual entity that performs and manages it. That’s the CBI. Nothing in these articles say they’re in line with these entities…
10-14-2018 Newshound Guru MilitiaMan Article: "University of Ceyhan to host a symposium on the Iraqi currency next Monday" Quote: "the lecture will be about the importance of enhancing confidence in the Iraqi currency in light of the major challenges facing the global monetary system as a result of the economic war between the major powers." A high level show and tell on Monday, interesting. Timing of the 2019 budget that needs to be addressed by the HOR by the 15th, Monday. Confidence comes from a strong currency and 1190 is not strong, by any stretch of the means. An international rate (calculation) applied accordingly along with the new small categories with metals will do the trick, just as the economist told us that he doesn't mind the Alak signature on the currency, just get it to, or at least 1:1... lol
10-14-2018 Newshound Guru Don961 [In this article it states "Abdul Mahdi has 30 days to form his government and is likely to succeed" When did the 30 days start?] Nov. 3 is the end of the mandate to form a cabinet ... it can be satisfied any time before that of course.
10-14-2018 Intel/Newshound Guru sandyf Article quote: "Experts predict this announcement will trigger one of the most profound transfers of wealth in our lifetime." That was a quote from an article being discussed a few days ago. I said a while back that there were indications from outside dinarland of something positive this year and that is still the case. ...Obviously nothing is cast in stone but optimism is higher than ever before but not going to say too much in public.
10-14-2018 Newshound Guru chattels Article quote: "The new government will include independent ministers and other representatives from major parties, who will be selected before the deadline Abdul-Mahdi set on October 24." So, it appears that the constitutional deadline is November 2nd, but Mahdi has targeted October 24th as the date for the formation of the new/next government.
10-14-2018 Newshound Guru Currency365 Mohammed Saleh on Sunday said that the sovereign wealth fund will be launched next year after the implementation of the law of the National Oil Company, noting that funds will be used for development purposes directly...#iraq got money like crazy but pretend they poor lol
10-14-2018 Newshound Guru Breitling …If it doesn’t come from the CBI crumble it up in a little ball and throw it in the…trash! Because it means nothing. Remember, the authority comes from the CBi. If it does not come from the CBI, it does not exist…one of the scenarios out there, what if they do produce new notes? Like a 1000 note or the notes that are already out there that we have? There is nothing wrong with that. They gotta replace the currency sooner or later with new currency. This stuff gets damaged, it gets old…they honor different people or different heritage sites…that’s one of the new currencies coming out in Iraq - SUPPOSEDLY! Again I have not heard that from the CBI…it definitely didn’t come from parliament…It didn’t come from the Minister of Planning…It didn’t come from the Minister of Finance. So that’s pretty much it. You have the entities that can point Iraq into a certain direction and you have the actual entity that performs and manages it. That’s the CBI. Nothing in these articles say they’re in line with these entities…
10-14-2018 Newshound Guru MilitiaMan Article: "University of Ceyhan to host a symposium on the Iraqi currency next Monday" Quote: "the lecture will be about the importance of enhancing confidence in the Iraqi currency in light of the major challenges facing the global monetary system as a result of the economic war between the major powers." A high level show and tell on Monday, interesting. Timing of the 2019 budget that needs to be addressed by the HOR by the 15th, Monday. Confidence comes from a strong currency and 1190 is not strong, by any stretch of the means. An international rate (calculation) applied accordingly along with the new small categories with metals will do the trick, just as the economist told us that he doesn't mind the Alak signature on the currency, just get it to, or at least 1:1... lol
10-13-2018 Intel Guru RayRen98 On the Iraqi TV news, Prime Minister-Designate Madhi was stating that his cabinet will be selected and in place within the next 10 days. Parliament held its meeting today and announced the names of all of the new committees.
10-13-2018 Newshound Guru Phillyman ...I listened to [Guru] Breitlings latest. For what its worth he believes that Iran would support the RV (or whatever you want to label it) due to the major squeeze that the US and sanctions are putting on them. As you know, sanctions really notch up in November. I...found this article which just showed up in Iraq Business News to give me pause. "Iran ready to establish joint bank with Iraq" Quotes: "Iran’s private banks have reportedly laid the groundwork for setting up a joint bank with their counterparts in Iraq."; "...the bank would operate under the regulations of central banks of the two countries to facilitate money transfer." [reference Guru Breitling 10-13-2018]
10-13-2018 Newshound Guru Kaperoni Do y'all remember back in 2012 when al-Maliki ran the current CBI Governor Shabibi out of the country? Well in recent days the uprising over Ali al-Alaq signature on the new printed notes has the smell of Maliki. What I mean by that is all of the complaining that he didn't have authority to put a signature on the new notes, and now the recent lawsuit against him for doing so seems like an attempt to stop progress and monetary policy and its tracks. I may be wrong but this looks like an opportunity for Maliki to run Alaq out of his proxy CBI position just like he did Shabibi and slow down the CBI's attempt to develop banking and engage it with the world's financial system. Maliki has already found out that the best way to stop progress is to run the governor out of the CBI as it would set back progress several years. I hope I'm wrong and this is something that blows over in a few days and we can get back to taking steps forward.
10-13-2018 Newshound/Intel Guru Mnt Goat Article: "CBI SAYS... "PROJECT DELETE THE ZEROS OF THE IRAQI CURRENCY STILL STANDS," So the CBI...confirmed...that the plan was derived in 2011 and then postponed the last time in 2014 due to ISIS...The mere fact that: 1. the CBI is now taking action on the issuing of these new formatted smaller category notes; 2. this news in this article; 3. along with the timing of all of these items is telling us that the CBI is going ahead not [now?] with the project to delete the zeros. ...they did in fact shrink the money supply from about 130 trillion dinars to 44 trillion dinars. Now they next move is to convert the 44 trillion to 44 billion by dropping 3 zeros. 44,000,000,000,000 - goes to 44,000,000,000. This is all VERY good news and we should...getting our champaign chilled. Again I say let’s look for the 50 and 100 dinar notes to come out along with the coins. This will be our sign they are about to reinstate the currency back to the global exchanges for public trading.
10-13-2018 Newshound Guru Breitling Nothing but positive news, very very good news…very happy…coming out of Iraq…The articles coming out of Iraq and what they are going to do with their currency…All of a sudden you hear massive talk from Iran and the Shia inside of Iraq, ‘Hey maybe it’s a good idea that the dinar revalues.’…it’s exactly what I talked about before all of this went down a couple months ago. They are going to have to decide if they want to do business with the biggest economic engine in the history of all mankind, with the strongest currency that has ever existed in the history of all mankind and the biggest markets that have ever existed in all mankind or they can do business with…Iran. Now there’s a decision for you right? That’s what’s happening. This whole thing has to do with what Iran can have access to. They basically look at Iraq as their piggybank. So not only do they want to get as many US dollars out of Iraq, now they’re also saying, ‘Hey, it’s probably a cool idea…Iraq revalue it’s currency.’ It’s not just small talk…They are trying to add value to the currency.
10-13-2018 Intel Guru Frank26 He [Guru Walkingstick] said “When the second article comes out, with all the information, it literally tells you, we’re reinstating our currency. Yesss! They can come out with the rate change at that time.” But he’s telling me “No. This must NOT FAIL with the citizens! This must be perfect with the citizens! They are willing to continue baby-step them, and treat them gently, in introducing what they need to do.” ...We are not waiting for the reinstatement of the Iraqi dinar. We are now WELCOMING IT!
10-13-2018 Newshound Guru G-Lin Maliki has been the biggest resistance to the monetary change since 2010. I think this new parliament may take Iraq in a new direction. JMO.
10-13-2018 Newshound Guru Phillyman ...I listened to [Guru] Breitlings latest. For what its worth he believes that Iran would support the RV (or whatever you want to label it) due to the major squeeze that the US and sanctions are putting on them. As you know, sanctions really notch up in November. I...found this article which just showed up in Iraq Business News to give me pause. "Iran ready to establish joint bank with Iraq" Quotes: "Iran’s private banks have reportedly laid the groundwork for setting up a joint bank with their counterparts in Iraq."; "...the bank would operate under the regulations of central banks of the two countries to facilitate money transfer." [reference Guru Breitling 10-13-2018]
10-13-2018 Newshound Guru Kaperoni Do y'all remember back in 2012 when al-Maliki ran the current CBI Governor Shabibi out of the country? Well in recent days the uprising over Ali al-Alaq signature on the new printed notes has the smell of Maliki. What I mean by that is all of the complaining that he didn't have authority to put a signature on the new notes, and now the recent lawsuit against him for doing so seems like an attempt to stop progress and monetary policy and its tracks. I may be wrong but this looks like an opportunity for Maliki to run Alaq out of his proxy CBI position just like he did Shabibi and slow down the CBI's attempt to develop banking and engage it with the world's financial system. Maliki has already found out that the best way to stop progress is to run the governor out of the CBI as it would set back progress several years. I hope I'm wrong and this is something that blows over in a few days and we can get back to taking steps forward.
10-13-2018 Newshound/Intel Guru Mnt Goat Article: "CBI SAYS... "PROJECT DELETE THE ZEROS OF THE IRAQI CURRENCY STILL STANDS," So the CBI...confirmed...that the plan was derived in 2011 and then postponed the last time in 2014 due to ISIS...The mere fact that: 1. the CBI is now taking action on the issuing of these new formatted smaller category notes; 2. this news in this article; 3. along with the timing of all of these items is telling us that the CBI is going ahead not [now?] with the project to delete the zeros. ...they did in fact shrink the money supply from about 130 trillion dinars to 44 trillion dinars. Now they next move is to convert the 44 trillion to 44 billion by dropping 3 zeros. 44,000,000,000,000 - goes to 44,000,000,000. This is all VERY good news and we should...getting our champaign chilled. Again I say let’s look for the 50 and 100 dinar notes to come out along with the coins. This will be our sign they are about to reinstate the currency back to the global exchanges for public trading.
10-13-2018 Newshound Guru Breitling Nothing but positive news, very very good news…very happy…coming out of Iraq…The articles coming out of Iraq and what they are going to do with their currency…All of a sudden you hear massive talk from Iran and the Shia inside of Iraq, ‘Hey maybe it’s a good idea that the dinar revalues.’…it’s exactly what I talked about before all of this went down a couple months ago. They are going to have to decide if they want to do business with the biggest economic engine in the history of all mankind, with the strongest currency that has ever existed in the history of all mankind and the biggest markets that have ever existed in all mankind or they can do business with…Iran. Now there’s a decision for you right? That’s what’s happening. This whole thing has to do with what Iran can have access to. They basically look at Iraq as their piggybank. So not only do they want to get as many US dollars out of Iraq, now they’re also saying, ‘Hey, it’s probably a cool idea…Iraq revalue it’s currency.’ It’s not just small talk…They are trying to add value to the currency.
10-13-2018 Intel Guru Frank26 He [Guru Walkingstick] said “When the second article comes out, with all the information, it literally tells you, we’re reinstating our currency. Yesss! They can come out with the rate change at that time.” But he’s telling me “No. This must NOT FAIL with the citizens! This must be perfect with the citizens! They are willing to continue baby-step them, and treat them gently, in introducing what they need to do.” ...We are not waiting for the reinstatement of the Iraqi dinar. We are now WELCOMING IT!
10-13-2018 Newshound Guru G-Lin Maliki has been the biggest resistance to the monetary change since 2010. I think this new parliament may take Iraq in a new direction. JMO.
10-12-2018 Intel/Newshound Guru sandyf "Delete the zeros" or redenomination will take some time to prepare for implementation, usually about 2 years. In the meantime there are positive indications for a very good Christmas.
10-12-2018 Intel Guru Frank26 So the next part we’re looking for...and we already know this, but it’s the second article. It will give them the date of when the value is going to go up. It will tell them when they have to go to the bank. It will have the pictures of all the New Small Category Notes and the Coins, with the descriptions... It’s even going to explain to them why they are reinstating their currency.
10-12-2018 Intel Guru RayRen98 CBI Interim Governor and Board members will meet with Prime Minister designate Mahdi today. (Hmmmm, I wonder what’s up?) Is Mahdi being sworn in today? We’re still awaiting an answer to that one. [What does the Oct 24 date have to do with us?] No more excuses after Oct 24 – supposedly. Let's see if something exciting happens this weekend.
10-12-2018 Newshound Guru Bloodloch If the CBI does release notes in the 1 dinar to 100 dinar range in the near term, and if there is not an immediate and significant positive change in the exchange rates of the IQD to other national currencies, and I suspect there won't be, don't panic. There may be a very good reason for any significant changes in the exchange rates to stall for a short time while 40 million proud Iraqi citizens get acclimated to their new legal tender. It is vital that any possible release of new classes of currency be done in a way that maintains economic stability for all Iraqi citizens first and foremost.
10-12-2018 Intel Guru Delta For them to place more 1000 dinar notes, this gives you the indication that the 3 zero deletion, is coming off the exchange rate. Not from the currency. Otherwise, they never would have printed these. It’s not even a question now. Why they’re printing the 1000 dinar notes if they are going to get rid of them? Because it’s going to come off the exchange rate, and not from the currency by itself. This is really good news! This is a brilliant idea. Now for us of course, this is very important, but of course, we are waiting for the events for them to change the rate. We do believe, that along the way, the rate will change before they introduce the other Lower Denomination. That’s what we are looking for right now. [post 2 of 2]
10-12-2018 Intel Guru Delta We know that they are about to make their move. For them to print Lower Denominations, even the 250, 500, and even the 1000, this give you an indication that the rate has to increase. But definitely a lot of stuff going on. It looks like, for the suitable environment, like you said, and that is an excellent point. It looks like the CBI the rates will start gradually to make their move and we’ll see what the next move is going to be. [post 1 of 2....stay tuned]
10-12-2018 Newshound/Intel Guru Mnt Goat Article: "CBI CONFIRMS ON MONDAY OCT 8TH THAT THE CURRENT BANKNOTES OF THE CATEGORIES (25000, 10000, 1000, 500 AND 250) WILL CONTINUE TO BE TRADED WITH THE NEW CATEGORIES ISSUED BY THE BANK WITHOUT ANY INTENTION TO WITHDRAW THEM" ...We are NOT going to have an RV in the month of October or even in November. Our next possible window is maybe December or January... So the last move of the CBI is just reissuing the same denominations already in circulation (20k, 10k 250, 500 and 1000). Yes, this is significant in a way since they are putting “LARGE AMOUNTS” of these smaller categories namely 250, 500 and 1000 which means the citizens are taking to them and using them as petty cash. It is a slow process to get them to use them in daily transactions of small purchases instead of using the larger 3 zero notes and then having to make so much change all the time. But we know at some point the CBI will have to reinstate the dinar and give it a market rate so it can properly function and be traded globally.
10-12-2018 Newshound Guru Currency365 Al-Khakani [economist] stressed need to activate small notes for economic & financial benefits for the Iraqi consumer, including category 50 & 100 dinars...
10-12-2018 Intel Guru Frank26 So the next part we’re looking for...and we already know this, but it’s the second article. It will give them the date of when the value is going to go up. It will tell them when they have to go to the bank. It will have the pictures of all the New Small Category Notes and the Coins, with the descriptions... It’s even going to explain to them why they are reinstating their currency.
10-12-2018 Intel Guru RayRen98 CBI Interim Governor and Board members will meet with Prime Minister designate Mahdi today. (Hmmmm, I wonder what’s up?) Is Mahdi being sworn in today? We’re still awaiting an answer to that one. [What does the Oct 24 date have to do with us?] No more excuses after Oct 24 – supposedly. Let's see if something exciting happens this weekend.
10-12-2018 Newshound Guru Bloodloch If the CBI does release notes in the 1 dinar to 100 dinar range in the near term, and if there is not an immediate and significant positive change in the exchange rates of the IQD to other national currencies, and I suspect there won't be, don't panic. There may be a very good reason for any significant changes in the exchange rates to stall for a short time while 40 million proud Iraqi citizens get acclimated to their new legal tender. It is vital that any possible release of new classes of currency be done in a way that maintains economic stability for all Iraqi citizens first and foremost.
10-12-2018 Intel Guru Delta For them to place more 1000 dinar notes, this gives you the indication that the 3 zero deletion, is coming off the exchange rate. Not from the currency. Otherwise, they never would have printed these. It’s not even a question now. Why they’re printing the 1000 dinar notes if they are going to get rid of them? Because it’s going to come off the exchange rate, and not from the currency by itself. This is really good news! This is a brilliant idea. Now for us of course, this is very important, but of course, we are waiting for the events for them to change the rate. We do believe, that along the way, the rate will change before they introduce the other Lower Denomination. That’s what we are looking for right now. [post 2 of 2]
10-12-2018 Intel Guru Delta We know that they are about to make their move. For them to print Lower Denominations, even the 250, 500, and even the 1000, this give you an indication that the rate has to increase. But definitely a lot of stuff going on. It looks like, for the suitable environment, like you said, and that is an excellent point. It looks like the CBI the rates will start gradually to make their move and we’ll see what the next move is going to be. [post 1 of 2....stay tuned]
10-12-2018 Newshound/Intel Guru Mnt Goat Article: "CBI CONFIRMS ON MONDAY OCT 8TH THAT THE CURRENT BANKNOTES OF THE CATEGORIES (25000, 10000, 1000, 500 AND 250) WILL CONTINUE TO BE TRADED WITH THE NEW CATEGORIES ISSUED BY THE BANK WITHOUT ANY INTENTION TO WITHDRAW THEM" ...We are NOT going to have an RV in the month of October or even in November. Our next possible window is maybe December or January... So the last move of the CBI is just reissuing the same denominations already in circulation (20k, 10k 250, 500 and 1000). Yes, this is significant in a way since they are putting “LARGE AMOUNTS” of these smaller categories namely 250, 500 and 1000 which means the citizens are taking to them and using them as petty cash. It is a slow process to get them to use them in daily transactions of small purchases instead of using the larger 3 zero notes and then having to make so much change all the time. But we know at some point the CBI will have to reinstate the dinar and give it a market rate so it can properly function and be traded globally.
10-12-2018 Newshound Guru Currency365 Al-Khakani [economist] stressed need to activate small notes for economic & financial benefits for the Iraqi consumer, including category 50 & 100 dinars...
10-11-2018 Intel Guru Delta ...It looks like the 1000 dinar is going to last for a long time, because for them to spend the money in printing, and this is a new design. So looks like, basically, for all of those denominations are going to be forever, until they phase them out, exactly like the US had before. This is exactly what they told us, and it looks like absolutely, you’re right. [reference Frank26 post 10-11-2018] They are going to come up with the 250 and 500,000, but first they’re looking at the other ones, because you all know that the other ones required the rate changes. This is really significant. Really amazing...this gives you an indication that the rate has to increase.
10-11-2018 Intel Guru Frank26 ...the article, that came out last month, not only said about this happening, but they also said that after that, they would be introducing the new smaller category notes. ...In other words...in my opinion, right there, they just telegraphed, that next week, or within this month, very shortly, the NEXT GROUP is going to come out! The Small Notes, the 1, the 5, the 10, the four coins…the one that requires a change in the rate! This is HAPPENING...right before our eyes! And all because, the Final Suitable Environment has been established within that government. In my opinion. [post 2 of 2]
10-11-2018 Intel Guru Frank26 Remember...I told you that the most important thing for us is to see that the Lower Denoms’ get replaced...Because they’re worn and torn...And it’s really important, as part of the Monetary Reform, the redenomination. Well, Lo and Behold...What did you see...An article that tells you that they have distributed the 250, the 500, the 1000… the Lower Denoms! ...We really felt that it would be this week, that they would release the lower denoms...the 250, the 500, the 1000...But… [post 1 of 2....stay tuned]
10-11-2018 Intel Guru RayRen98 The Central Bank of Iraq (CBI) reports that deleting the 3 zeros is still intended to take place (and possibly soon). This project was targeted for launch in 2011 and met political opposition and then again 2014, but was postponed due to ISIS. Iraqi TV reports that October 24 is the deadline for cabinet submittals, then Parliament will vote on the received names. Reports indicate that Prime Minister-Designate Madhi and his members are prepared to meet the October 24 deadline to complete the cabinet and send to Parliament for approval.
10-11-2018 Newshound/Intel Guru Bluedog CAN'T STOP THE FEELING!...To what's coming, and now we need to get ready... and prepare NOW... IMO.
10-11-2018 Newshound Guru Bloodloch What I do believe is that they may be preparing to issue VLD (Very Low Denomination) classes of currency in addition to the three-zero notes, the latter being phased out in the natural course of almost 40 million Iraqis going about their daily lives, buying and selling, earning and consuming, transacting normal business in favor of the new, dimensionally smaller, lower face value, maybe even prettier and more patriotic, VLD notes. It is possible this gravitation could have a pronounced effect on various macroeconomic values and ratios, which may, in turn, have further pronounced effects on things like intrinsic values and purchasing power, all occurring at reasonably controllable, predictable speeds. And if this turns out to be true, it might end up being said in retrospect that never was the term "less is more" more profoundly appropriate. [post 2 of 2]
10-11-2018 Newshound Guru Bloodloch Newshound/Intel Guru Mnt Goat quote: "...the day the reinstatement occurs and the rate changes they are NOT dropping the three zero's and 5,000 will not become 5 and 25,000 will not becomes 25 in-country or out of country. The CBI has told us many times over and over again in multiple articles that these older 3 zero notes will “coincide” with the smaller category notes." I agree 100% with Mt Goat's statement. Upon reading, it occurred to me that I may have been unclear in one of my earlier posts. ...some may have thought that I was suggesting they were simply going to drop the 3 zeros from their existing currency. Not at all. [post 1 of 2....stay tuned]
10-11-2018 Newshound/Intel Guru Mnt Goat ...It is clear as day that these 25000 and 10000 notes will coincide with the 250, 500 and 1000 and even yet smaller notes later. The project to delete the zeros is now underway and has been underway. This is not about a LOP in or out of country. It is literally NOT going to drop the three zeros from the currency that already exists. This is a figurative statement in that the newer smaller category notes will REPLACE the older 3 zero notes in everyday, common use by the citizens. That is all this statement means. ...They then will have to raise the rate once the economy and political environment is “suitable” to do so. [post 2 of 2]
10-11-2018 Newshound/Intel Guru Mnt Goat ...the day the reinstatement occurs and the rate changes they are NOT dropping the three zero's and 5,000 will not become 5 and 25,000 will not becomes 25 in-country or out of country. The CBI has told us many times over and over again in multiple articles that these older 3 zero notes will “coincide” with the smaller category notes. In fact just the other day an article came out and they reinforced this policy again. I quote from the article – “The Central Bank of Iraq issued its second edition of the banknotes of the categories of (25000, 10000, 1000, 500, 250) dinars, stressing that he will continue trading circulation of cash currently traded from the above categories with the new categories WITHOUT ANY INTENTION TO WITHDRAW FROM CIRCULATION.” [post 1 of 2....stay tuned]
10-11-2018 Intel Guru Frank26 ...the article, that came out last month, not only said about this happening, but they also said that after that, they would be introducing the new smaller category notes. ...In other words...in my opinion, right there, they just telegraphed, that next week, or within this month, very shortly, the NEXT GROUP is going to come out! The Small Notes, the 1, the 5, the 10, the four coins…the one that requires a change in the rate! This is HAPPENING...right before our eyes! And all because, the Final Suitable Environment has been established within that government. In my opinion. [post 2 of 2]
10-11-2018 Intel Guru Frank26 Remember...I told you that the most important thing for us is to see that the Lower Denoms’ get replaced...Because they’re worn and torn...And it’s really important, as part of the Monetary Reform, the redenomination. Well, Lo and Behold...What did you see...An article that tells you that they have distributed the 250, the 500, the 1000… the Lower Denoms! ...We really felt that it would be this week, that they would release the lower denoms...the 250, the 500, the 1000...But… [post 1 of 2....stay tuned]
10-11-2018 Intel Guru RayRen98 The Central Bank of Iraq (CBI) reports that deleting the 3 zeros is still intended to take place (and possibly soon). This project was targeted for launch in 2011 and met political opposition and then again 2014, but was postponed due to ISIS. Iraqi TV reports that October 24 is the deadline for cabinet submittals, then Parliament will vote on the received names. Reports indicate that Prime Minister-Designate Madhi and his members are prepared to meet the October 24 deadline to complete the cabinet and send to Parliament for approval.
10-11-2018 Newshound/Intel Guru Bluedog CAN'T STOP THE FEELING!...To what's coming, and now we need to get ready... and prepare NOW... IMO.
10-11-2018 Newshound Guru Bloodloch What I do believe is that they may be preparing to issue VLD (Very Low Denomination) classes of currency in addition to the three-zero notes, the latter being phased out in the natural course of almost 40 million Iraqis going about their daily lives, buying and selling, earning and consuming, transacting normal business in favor of the new, dimensionally smaller, lower face value, maybe even prettier and more patriotic, VLD notes. It is possible this gravitation could have a pronounced effect on various macroeconomic values and ratios, which may, in turn, have further pronounced effects on things like intrinsic values and purchasing power, all occurring at reasonably controllable, predictable speeds. And if this turns out to be true, it might end up being said in retrospect that never was the term "less is more" more profoundly appropriate. [post 2 of 2]
10-11-2018 Newshound Guru Bloodloch Newshound/Intel Guru Mnt Goat quote: "...the day the reinstatement occurs and the rate changes they are NOT dropping the three zero's and 5,000 will not become 5 and 25,000 will not becomes 25 in-country or out of country. The CBI has told us many times over and over again in multiple articles that these older 3 zero notes will “coincide” with the smaller category notes." I agree 100% with Mt Goat's statement. Upon reading, it occurred to me that I may have been unclear in one of my earlier posts. ...some may have thought that I was suggesting they were simply going to drop the 3 zeros from their existing currency. Not at all. [post 1 of 2....stay tuned]
10-11-2018 Newshound/Intel Guru Mnt Goat ...It is clear as day that these 25000 and 10000 notes will coincide with the 250, 500 and 1000 and even yet smaller notes later. The project to delete the zeros is now underway and has been underway. This is not about a LOP in or out of country. It is literally NOT going to drop the three zeros from the currency that already exists. This is a figurative statement in that the newer smaller category notes will REPLACE the older 3 zero notes in everyday, common use by the citizens. That is all this statement means. ...They then will have to raise the rate once the economy and political environment is “suitable” to do so. [post 2 of 2]
10-11-2018 Newshound/Intel Guru Mnt Goat ...the day the reinstatement occurs and the rate changes they are NOT dropping the three zero's and 5,000 will not become 5 and 25,000 will not becomes 25 in-country or out of country. The CBI has told us many times over and over again in multiple articles that these older 3 zero notes will “coincide” with the smaller category notes. In fact just the other day an article came out and they reinforced this policy again. I quote from the article – “The Central Bank of Iraq issued its second edition of the banknotes of the categories of (25000, 10000, 1000, 500, 250) dinars, stressing that he will continue trading circulation of cash currently traded from the above categories with the new categories WITHOUT ANY INTENTION TO WITHDRAW FROM CIRCULATION.” [post 1 of 2....stay tuned]
10-10-2018 Newshound Guru MilitiaMan Article: "Karbouli of the relationship: I will accept to put your picture if the dinar is equal to the dollar" I wouldn't be surprised that tomorrows meeting in parliament, with Mahdi, Alak and CBI Board members could not only pave the way for new small categories, but, a new seated CBI Governor.. Take a bow Alak... lol Just thinking out loud...He did get a recent award for doing a fine job?? Now he has his name on the Currency. I don't buy that was a mistake or even will be costly for him. In fact, it looks more like it was planned, as the CBI board would know the legalities of such a move and knew of the consequences of their actions. I pray those consequences are one nice new internationally recognized rate less a few zeros... imo Lets let the dust settle from tomorrow and see if they expose the new smalls once the banks in Iraq close, like they did last Thursday.. I like Sundays too.. lol.
10-10-2018 Intel Guru Frank26 Article: "Karbouli of the relationship: I will accept to put your picture if the dinar is equal to the dollar" THE KEY IN THE ARTICLE IS THE AVOWAL OF A...1 TO 1!!! IMO...ALAK HAS NEVER WANTED HIS NAME / PIC ON THE CURRENCY...BUT HE DOES NOW...WHY? BECAUSE IT WILL NOT BE PART OF A PROGRAM RATE CURRENCY...AND HE NOW WANTS TO BE A PART OF IRAQ'S HISTORY...FOR THIS NEW CURRENCY WILL BE FOREVER REMEMBERED AND STUDIES IN IRAQI SCHOOLS AND THEIR MARKETS!!! ...ALAK SIMPLY WANTS TO BE SIDED WITH THE SUCCESS OF IRAQ INTO THE FUTURE. SO DO WE AS IQD INVESTORS...(wink) THE TIMING OF THE REASON...THE KEY.
10-10-2018 Newshound Guru Adam Montana ...PM Mahdi is tasked with the job of forming the government. A strong key to the future value of Iraqi Dinar is, as I mentioned earlier, OIL. Oh, did I mention that incoming Prime Minister Abdul Mahdi served as OIL MINISTER between 2014 and 2016? ...and he was placed there under Abadi, back when it was Abadi’s job to form the GOI. Even before that, Mahdi was Finance Minister under Allawi back in 2004. This new Prime Minister may not be everyone’s favorite… but he has some very serious credentials, and I think he’s going to play very nice with all of the important people in this process. New President, New PM, solid progress already happening. This recent election is a ROARING success for Iraq. If this keeps up, we’re looking at progress like we’ve never seen before - the HCL is going to be upon us before we even realize it, and if you aren’t watching for that RV text...you might miss it! I’m ready at a moment’s notice…are you? [post 3 of 3]
10-10-2018 Newshound Guru Adam Montana According to the Iraqi Constitution, the new PM has exactly 30 days from taking the role to seat/appoint/select the new GOI. For those of you new to the discussion, that means nothing… if it takes longer than 30 days, nobody is getting hanged, tarred and feathered, or anything else. I expect to see the job 80% done inside the “mandatory” 30 days… but that 80% is probably enough for the job we need done...Follow recent history over the last couple years, glance at the recent elections, then compare them to the elections that were held over 10 years ago when many Iraqi Dinar holders first heard that there was an opportunity for the Dinar to regain it’s former value… OH. WHAT. A. DIFFERENCE! ...they have control of their systems. They didn’t have to call for help on anything. And that is EXACTLY what we want to see, what the world wants to see, in order to support a revaluation on their currency. [post 2 of 3....stay tuned]
10-10-2018 Newshound Guru Adam Montana Iraq, in a rare move that surprised many..., appointed a President (Barham Salih) and the newly anointed one promptly gave us a new Prime Minister, Adil Abdul Mahdi...TWO accomplishments in one swift move? In the same week!? ...Believe it or not, it happened, and we’re off to the races. ...let’s remember what this really comes down to… OIL. For us to profit off of a rise in value on the currency of Iraq, they must raise the exchange rate. ...A revaluation of their currency was a long shot in 2008, but it was certainly possible. Now, in 2018, it’s much less of a long shot. In fact, with the complete passage of the HCL, it’s almost a certainty. [post 1 of 3....stay tuned]
10-10-2018 Newshound Guru Kaperoni I have not stated anything... regarding an RV or an RI in over 6 years. And yes the first four years I was in this investment I did think it was a possibility until I became more educated. Central banks don't spend 90 billion dinars to reprint existing currency unless they expected to be in circulation for at least a few years. If anything this should put an end to the...nonsense. There is no overnight event. The only possible positive outlook on the dinar would be a gradual appreciation via float over time...I've said so for 6 years there is no RV RI. Monetary policy is a name used by central banks to categorize tools that they use to maintain exchange rates. Floating the currency is one of those tools as it is used to combat inflationary pressure created by an influx of capital and investment. That is how monetary policy works. It's not some random act...
10-10-2018 Intel Guru Frank26 [via Clare] The MR is the Hottest thing in Iraq!!! It's happening/wrapping up, right before our eyes...just as we've been told to expect.
10-10-2018 Intel Guru Bruce [via Pinkroses] ...October 9th in the US, Iraqi dinar was traded on Forex and also on the Nasdaq and also on the CBOE, Chicago Board of Exchange. That maybe affiliated with the Chicago Mercantile Exchange. I am not sure. I do not know the rate...on the screens for the dinar, but I do know that there is a very high back screen rate that has been talked about...they go up and down, and it is just not responsible to give you rates...and they change. ...Be aware this can very well go before hurricane Michael even hits land. I am not calling it. Just beware that things are happening...The timing is getting so close...I am in high alert status...
10-10-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQ’S MONTHLY REVENUES FROM OIL EXPORTS EXCEEDED THEIR HIGHEST LEVELS EVER" I still believe we need the oil revenues to [be] high in preparation for the reinstatement. Just a condition they needed and now have once again. This is part of the “more suitable environment” the CBI is talking about.
10-10-2018 Intel Guru Frank26 Article: "Karbouli of the relationship: I will accept to put your picture if the dinar is equal to the dollar" THE KEY IN THE ARTICLE IS THE AVOWAL OF A...1 TO 1!!! IMO...ALAK HAS NEVER WANTED HIS NAME / PIC ON THE CURRENCY...BUT HE DOES NOW...WHY? BECAUSE IT WILL NOT BE PART OF A PROGRAM RATE CURRENCY...AND HE NOW WANTS TO BE A PART OF IRAQ'S HISTORY...FOR THIS NEW CURRENCY WILL BE FOREVER REMEMBERED AND STUDIES IN IRAQI SCHOOLS AND THEIR MARKETS!!! ...ALAK SIMPLY WANTS TO BE SIDED WITH THE SUCCESS OF IRAQ INTO THE FUTURE. SO DO WE AS IQD INVESTORS...(wink) THE TIMING OF THE REASON...THE KEY.
10-10-2018 Newshound Guru Adam Montana ...PM Mahdi is tasked with the job of forming the government. A strong key to the future value of Iraqi Dinar is, as I mentioned earlier, OIL. Oh, did I mention that incoming Prime Minister Abdul Mahdi served as OIL MINISTER between 2014 and 2016? ...and he was placed there under Abadi, back when it was Abadi’s job to form the GOI. Even before that, Mahdi was Finance Minister under Allawi back in 2004. This new Prime Minister may not be everyone’s favorite… but he has some very serious credentials, and I think he’s going to play very nice with all of the important people in this process. New President, New PM, solid progress already happening. This recent election is a ROARING success for Iraq. If this keeps up, we’re looking at progress like we’ve never seen before - the HCL is going to be upon us before we even realize it, and if you aren’t watching for that RV text...you might miss it! I’m ready at a moment’s notice…are you? [post 3 of 3]
10-10-2018 Newshound Guru Adam Montana According to the Iraqi Constitution, the new PM has exactly 30 days from taking the role to seat/appoint/select the new GOI. For those of you new to the discussion, that means nothing… if it takes longer than 30 days, nobody is getting hanged, tarred and feathered, or anything else. I expect to see the job 80% done inside the “mandatory” 30 days… but that 80% is probably enough for the job we need done...Follow recent history over the last couple years, glance at the recent elections, then compare them to the elections that were held over 10 years ago when many Iraqi Dinar holders first heard that there was an opportunity for the Dinar to regain it’s former value… OH. WHAT. A. DIFFERENCE! ...they have control of their systems. They didn’t have to call for help on anything. And that is EXACTLY what we want to see, what the world wants to see, in order to support a revaluation on their currency. [post 2 of 3....stay tuned]
10-10-2018 Newshound Guru Adam Montana Iraq, in a rare move that surprised many..., appointed a President (Barham Salih) and the newly anointed one promptly gave us a new Prime Minister, Adil Abdul Mahdi...TWO accomplishments in one swift move? In the same week!? ...Believe it or not, it happened, and we’re off to the races. ...let’s remember what this really comes down to… OIL. For us to profit off of a rise in value on the currency of Iraq, they must raise the exchange rate. ...A revaluation of their currency was a long shot in 2008, but it was certainly possible. Now, in 2018, it’s much less of a long shot. In fact, with the complete passage of the HCL, it’s almost a certainty. [post 1 of 3....stay tuned]
10-10-2018 Newshound Guru Kaperoni I have not stated anything... regarding an RV or an RI in over 6 years. And yes the first four years I was in this investment I did think it was a possibility until I became more educated. Central banks don't spend 90 billion dinars to reprint existing currency unless they expected to be in circulation for at least a few years. If anything this should put an end to the...nonsense. There is no overnight event. The only possible positive outlook on the dinar would be a gradual appreciation via float over time...I've said so for 6 years there is no RV RI. Monetary policy is a name used by central banks to categorize tools that they use to maintain exchange rates. Floating the currency is one of those tools as it is used to combat inflationary pressure created by an influx of capital and investment. That is how monetary policy works. It's not some random act...
10-10-2018 Intel Guru Frank26 [via Clare] The MR is the Hottest thing in Iraq!!! It's happening/wrapping up, right before our eyes...just as we've been told to expect.
10-10-2018 Intel Guru Bruce [via Pinkroses] ...October 9th in the US, Iraqi dinar was traded on Forex and also on the Nasdaq and also on the CBOE, Chicago Board of Exchange. That maybe affiliated with the Chicago Mercantile Exchange. I am not sure. I do not know the rate...on the screens for the dinar, but I do know that there is a very high back screen rate that has been talked about...they go up and down, and it is just not responsible to give you rates...and they change. ...Be aware this can very well go before hurricane Michael even hits land. I am not calling it. Just beware that things are happening...The timing is getting so close...I am in high alert status...
10-10-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQ’S MONTHLY REVENUES FROM OIL EXPORTS EXCEEDED THEIR HIGHEST LEVELS EVER" I still believe we need the oil revenues to [be] high in preparation for the reinstatement. Just a condition they needed and now have once again. This is part of the “more suitable environment” the CBI is talking about.
10-9-2018 Newshound Guru Kaperoni The Iraqi British Business Councel (IBBC) met with Iraqi authorities including the CBI gov yesterday. The IBBC is hosting a conference in Dubai for Iraqi reconstruction in Nov. As well we have the Iraqi investment and banking conference in Nov (rescheduled from Sept) and the Baghdad International Fair (also rescheduled) ...so Nov is shaping up to be an exciting month.
10-9-2018 Intel Guru Frank26 ...WILL NOT SAY MUCH MORE...BECAUSE YOU KNOW THE ONLY THING WE SEEK...THAT IMO IS COMING.
10-9-2018 Intel/Newshound Guru Poppy3 ONE MORE THING...THERE WILL NOT BE RUNS ON OUR BANKS TO CASH YOUR DINAR, NOR WILL THERE BE ANY SPECIAL 800 NUMBERS FOR YOU TO MAKE APPOINTMENTS TO CASH YOUR DINAR.
10-9-2018 Newshound/Intel Guru Mnt Goat Article: "POLITICAL BLOCS SENT THE NAMES OF CANDIDATES FOR THE MINISTERIAL POSTS TO PRIME MINISTER-DESIGNATE ADEL ABDUL-MAHDI" ...we see Iraq now working hard to get the ministries appointed for his cabinet. He wants to reduce them from 22 to 15. This will make the selection go faster and save a ton of money in the process.
10-9-2018 Newshound Guru Bloodloch [I don't understand the purpose the 1000 dinar notes if the currency is going to be on par (or greater) to the dollar anytime soon...] They may be doing it exactly as Kap [Guru Kaperoni] describes, although I do perceive an element of instability that could occur when a severely depleted-in-value IQD suddenly finds itself openly traded on the Forex with a 100,000% ROI over 3 years potential. If they, on the other hand, take a different, less-random route, and if they want to target completion at or around the first of the year, they would need to show their cards within the next few weeks. [reference Kaperoni post 10-6-2018]
10-9-2018 Newshound Guru Currency365 release of lower notes (DONE)...full 2nd article telling citizens about EVERYTHING (COMING)... Purchasing Power (COMING)...Small notes (COMING)...Confusions turned into Smiles!!!
10-9-2018 Intel Guru Frank26 ...WILL NOT SAY MUCH MORE...BECAUSE YOU KNOW THE ONLY THING WE SEEK...THAT IMO IS COMING.
10-9-2018 Intel/Newshound Guru Poppy3 ONE MORE THING...THERE WILL NOT BE RUNS ON OUR BANKS TO CASH YOUR DINAR, NOR WILL THERE BE ANY SPECIAL 800 NUMBERS FOR YOU TO MAKE APPOINTMENTS TO CASH YOUR DINAR.
10-9-2018 Newshound/Intel Guru Mnt Goat Article: "POLITICAL BLOCS SENT THE NAMES OF CANDIDATES FOR THE MINISTERIAL POSTS TO PRIME MINISTER-DESIGNATE ADEL ABDUL-MAHDI" ...we see Iraq now working hard to get the ministries appointed for his cabinet. He wants to reduce them from 22 to 15. This will make the selection go faster and save a ton of money in the process.
10-9-2018 Newshound Guru Bloodloch [I don't understand the purpose the 1000 dinar notes if the currency is going to be on par (or greater) to the dollar anytime soon...] They may be doing it exactly as Kap [Guru Kaperoni] describes, although I do perceive an element of instability that could occur when a severely depleted-in-value IQD suddenly finds itself openly traded on the Forex with a 100,000% ROI over 3 years potential. If they, on the other hand, take a different, less-random route, and if they want to target completion at or around the first of the year, they would need to show their cards within the next few weeks. [reference Kaperoni post 10-6-2018]
10-9-2018 Newshound Guru Currency365 release of lower notes (DONE)...full 2nd article telling citizens about EVERYTHING (COMING)... Purchasing Power (COMING)...Small notes (COMING)...Confusions turned into Smiles!!!
10-8-2018 Intel/Newshound Guru Poppy3 FOR THOSE THAT HAVE BEEN INVESTED FOR 10 YRS OR MORE IM SURE YOU REMEMBER, POPPY1, P0PPY2 AND POPPY3 HAVE BEEN SAYING FOR YEARS THAT NO SUCH THING AS A GCR WOULD EVER HAPPEN BECAUSE OF SEVERAL REASONS. WELL SEEM TODAY MANY...THAT ALWAYS WANTED TO ARGUE THAT I WAS WRONG ARE NOW THEMSELVES SAYING THE GCR WILL NOT HAPPEN. FRIENDS ONLY THE COUNTRIES THAT TRADE DAILY WITH IRAQ WILL HAVE TO ADJUST THEIR RATE TO MAINTAIN EQUAL TRADE VALUE. I REST MY CASE AGAIN.
10-8-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAQ ISSUED ITS SECOND EDITION OF THE BANKNOTES OF THE CATEGORIES OF (25000, 10000, 1000, 500, 250) DINARS" ...we should not be worried that the CBI is issuing yet more of the 25 and 10k notes. We have been told many times these notes will coincide with the smaller categories and eventually will be needed in trade for large sums of debt. So this is actually something good as they are following what they said they would do. Remember they are “replacing” these larger notes with a new version not introducing more volume of currency in circulation. They already have the needed balance and quota needed by reducing the currency volume already by 2/3.
10-8-2018 Newshound Guru Currency365 (Central Bank of Iraq launched small amounts of coins to the market with changes in its design) ...This is talking about the 1,000, 500, 250 notes not the 1, 5, 10, 20 ...completion of lower notes should bring out the Full Second Article...then lift value & new small notes..
10-8-2018 Newshound/Intel Guru Mnt Goat Why...did the CBI issue these new version format of the 1000 dinar? ...they said in other recent past articles, that the 1000 dinar note was being counterfeited already since they know the value is going to shortly seriously go up and this is going to be the largest of the smaller category notes widely within the public circulation. ...So what timeframe do you thin the CBI might now be thinking of to reinstate the dinar? ...I can say this with much confidence that the CBI may very well target again the December into January timeframe for the reinstatement of the Iraqi dinar based on past history of target dates. So, if this new government is formed and no major events happen that cause alarm or instability we may be in a good window at that time. [post 3 of 3]
10-8-2018 Newshound/Intel Guru Mnt Goat So why is the CBI putting out so many of the smaller categories like the 250, 500 and 1,000 notes? This is because more people are now able to use these notes for daily transactions for petty cash thus they are getting citizens used to thinking in terms of smaller denominated notes. But we know at some point they must also raise the value of these notes. But when is exactly this optimum time? We know that in all of the targeted reinstatement timeframes (...CBI timeframes...) that they intended to go always in the month of December – January. ...Then we also find out that the CBI...began the replacement of 25000 and 10000 notes that are now in circulation. This move is not a contradiction of the process to delete the zeros since they are replacing these 3 zero notes as they also told us once again and I quote – “WITHOUT ANY INTENTION TO WITHDRAW FROM CIRCULATION". So again they told us these 3 zero notes will coincide with the smaller category notes. [post 2 of 3....stay tuned]
10-8-2018 Newshound/Intel Guru Mnt Goat Article: “BAGHDAD - The Central Bank of Iraq announced on Saturday the launch of large quantities of currency for small groups this week." Quotes: "put large quantities of small groups to meet the need for daily transactions and the quality of the material has been improved". "...a small change will be made in the NEW FORM THAT WILL BE PUT FORWARD FOR TRADING NEXT WEEK, knowing that the deal will be in the form of new and old together without discrimination." The CBI told us that they had a new format or “form” for the smaller categories that they were going to launch next week (this week). ...we are told that the new edition of the notes will “coincide” just as we were told already many times before. [post 1 of 3....stay tuned]
10-8-2018 Newshound Guru Kaperoni CBI gets ready to introduce replacement currency 250, 500, 1000 dinars. This new currency only makes sense if they expect them to be in circulation for a while. No overnight event! The dinar will only rise gradually via a float. That is how monetary policy works. Raising the value of the Iraqi dinar is part of a much bigger process...integrating Iraq's financial system into the worlds banking system. That process includes the CBI accepting Article VIII of the IMF charter and moving to a new exchange rate regime. The reason the CBI must move away from it's current exchange rate regime (peg) is to counter inflationary pressure created when large amounts of capital and investment comes into Iraq. The new exchange rate regime will be a float allowing the CBI to counter this pressure by gradually raising the value. The good news is as I have said before is that I expect that process to start very soon.
10-8-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAQ ISSUED ITS SECOND EDITION OF THE BANKNOTES OF THE CATEGORIES OF (25000, 10000, 1000, 500, 250) DINARS" ...we should not be worried that the CBI is issuing yet more of the 25 and 10k notes. We have been told many times these notes will coincide with the smaller categories and eventually will be needed in trade for large sums of debt. So this is actually something good as they are following what they said they would do. Remember they are “replacing” these larger notes with a new version not introducing more volume of currency in circulation. They already have the needed balance and quota needed by reducing the currency volume already by 2/3.
10-8-2018 Newshound Guru Currency365 (Central Bank of Iraq launched small amounts of coins to the market with changes in its design) ...This is talking about the 1,000, 500, 250 notes not the 1, 5, 10, 20 ...completion of lower notes should bring out the Full Second Article...then lift value & new small notes..
10-8-2018 Newshound/Intel Guru Mnt Goat Why...did the CBI issue these new version format of the 1000 dinar? ...they said in other recent past articles, that the 1000 dinar note was being counterfeited already since they know the value is going to shortly seriously go up and this is going to be the largest of the smaller category notes widely within the public circulation. ...So what timeframe do you thin the CBI might now be thinking of to reinstate the dinar? ...I can say this with much confidence that the CBI may very well target again the December into January timeframe for the reinstatement of the Iraqi dinar based on past history of target dates. So, if this new government is formed and no major events happen that cause alarm or instability we may be in a good window at that time. [post 3 of 3]
10-8-2018 Newshound/Intel Guru Mnt Goat So why is the CBI putting out so many of the smaller categories like the 250, 500 and 1,000 notes? This is because more people are now able to use these notes for daily transactions for petty cash thus they are getting citizens used to thinking in terms of smaller denominated notes. But we know at some point they must also raise the value of these notes. But when is exactly this optimum time? We know that in all of the targeted reinstatement timeframes (...CBI timeframes...) that they intended to go always in the month of December – January. ...Then we also find out that the CBI...began the replacement of 25000 and 10000 notes that are now in circulation. This move is not a contradiction of the process to delete the zeros since they are replacing these 3 zero notes as they also told us once again and I quote – “WITHOUT ANY INTENTION TO WITHDRAW FROM CIRCULATION". So again they told us these 3 zero notes will coincide with the smaller category notes. [post 2 of 3....stay tuned]
10-8-2018 Newshound/Intel Guru Mnt Goat Article: “BAGHDAD - The Central Bank of Iraq announced on Saturday the launch of large quantities of currency for small groups this week." Quotes: "put large quantities of small groups to meet the need for daily transactions and the quality of the material has been improved". "...a small change will be made in the NEW FORM THAT WILL BE PUT FORWARD FOR TRADING NEXT WEEK, knowing that the deal will be in the form of new and old together without discrimination." The CBI told us that they had a new format or “form” for the smaller categories that they were going to launch next week (this week). ...we are told that the new edition of the notes will “coincide” just as we were told already many times before. [post 1 of 3....stay tuned]
10-8-2018 Newshound Guru Kaperoni CBI gets ready to introduce replacement currency 250, 500, 1000 dinars. This new currency only makes sense if they expect them to be in circulation for a while. No overnight event! The dinar will only rise gradually via a float. That is how monetary policy works. Raising the value of the Iraqi dinar is part of a much bigger process...integrating Iraq's financial system into the worlds banking system. That process includes the CBI accepting Article VIII of the IMF charter and moving to a new exchange rate regime. The reason the CBI must move away from it's current exchange rate regime (peg) is to counter inflationary pressure created when large amounts of capital and investment comes into Iraq. The new exchange rate regime will be a float allowing the CBI to counter this pressure by gradually raising the value. The good news is as I have said before is that I expect that process to start very soon.
10-7-2018 Newshound Guru Bloodloch ...Until they release new classes of VLD (Very Low Denomination) currencies, in the range of 1 dinar to 100 dinar notes, the working theory I've been hinting about is on hold. This does not mean they won't do as much soon, but I must admit I was hoping to see something along the lines of VLD with these new predicted currency releases. Still, the fact that they have yet to breach this VLD range means the potential for such an issue remains viable. When it does finally happen, and if must if they plan to ever have the IQD achieve equality with the USD, it will be a surprise event. It's just not the sort of thing they would telegraph ahead of time.
10-7-2018 Newshound Guru chattels [Is it me, or is the Iraq government moving a lot more quickly than they have in the past?] November will be six months since the election which is about the time it has taken for other governments. Some parts of the process have taken longer and some have moved more quickly. The invitation / creation of the Prime Minister Designate was much quicker...
10-7-2018 Newshound Guru Kaperoni This process has been completely documented through the IMF. And monetary policy is never a random act.
10-7-2018 Newshound Guru MilitiaMan They appear to to say two things in the way the are telling us this. Firstly they are putting up of raising large amounts of currency for that they can introduce large quantities for small groups. They clearly are doing what they said they were going to do by taking out the large and introducing the smalls.. imo. Then, they tell us now they are going to have a simple change with a new format next week. I don't know about you all, but, this sure sets the stage for big things to happen and in short order, as next week is within hours not days... [post 2 of 2]
10-7-2018 Newshound Guru MilitiaMan Article: "Central Bank raises large amounts of currency for small groups" Possibly, by definition they have said they introduced currencies to rival the dollar... Introducing lower notes with an international rate and or less the 3 zeros could or would fit the definition of rival in comparison to the USD imo. The CBI also told us they were to make a simple change in respect to trading next week.. Quote: "The Central Bank raises large amounts of currency for small groups." In other words, they lifted enough large notes now so they can bring in the smaller groups. [post 1 of 2....stay tuned]
10-7-2018 Newshound Guru Bloodloch ...I do not believe this will be a float taking years to achieve par with the dollar, so be of good cheer...not going to post details yet. Stand by.
10-7-2018 Newshound Guru chattels [Is it me, or is the Iraq government moving a lot more quickly than they have in the past?] November will be six months since the election which is about the time it has taken for other governments. Some parts of the process have taken longer and some have moved more quickly. The invitation / creation of the Prime Minister Designate was much quicker...
10-7-2018 Newshound Guru Kaperoni This process has been completely documented through the IMF. And monetary policy is never a random act.
10-7-2018 Newshound Guru MilitiaMan They appear to to say two things in the way the are telling us this. Firstly they are putting up of raising large amounts of currency for that they can introduce large quantities for small groups. They clearly are doing what they said they were going to do by taking out the large and introducing the smalls.. imo. Then, they tell us now they are going to have a simple change with a new format next week. I don't know about you all, but, this sure sets the stage for big things to happen and in short order, as next week is within hours not days... [post 2 of 2]
10-7-2018 Newshound Guru MilitiaMan Article: "Central Bank raises large amounts of currency for small groups" Possibly, by definition they have said they introduced currencies to rival the dollar... Introducing lower notes with an international rate and or less the 3 zeros could or would fit the definition of rival in comparison to the USD imo. The CBI also told us they were to make a simple change in respect to trading next week.. Quote: "The Central Bank raises large amounts of currency for small groups." In other words, they lifted enough large notes now so they can bring in the smaller groups. [post 1 of 2....stay tuned]
10-7-2018 Newshound Guru Bloodloch ...I do not believe this will be a float taking years to achieve par with the dollar, so be of good cheer...not going to post details yet. Stand by.
10-6-2018 Newshound Guru Kaperoni [Hearing you say soon is surprising...] Opening up the banking system to engage with the world's financial system along with floating the dinar is top priority. No private sector or investment will start until such happens. I am very hopeful. [refeence Kaperoni post 10-6-2018]
10-6-2018 Intel Guru Delta Article: "We plan to restructure the Iraqi currency including deleting zeros" FYI...DELETE ZEROS WILL BE FROM EXCHANGE RATE ...3 ZEROS NOTE WILL PHASE OUT ...
10-6-2018 Intel Guru RayRen98 Iraqi TV reports PM Abadi informing the citizens that economic reforms could not be completed during his tenure due to security concerns with ISIS and the slowly progressing political issues. Both are now resolved and the new incoming Prime Minister should have no problems completing the task. Also on Iraqi TV is the message that political blocks have already submitted their candidate-selects to fill government posts to the Prime Minister-Designate projecting completion of assignments before the 30-day window expires. US Banks are sharing excitement of probable preparations for the first-of-the-week type of activity! ...Everything appears to moving at record speed compared to the past, can't wait to hear what happens the rest of this weekend!
10-6-2018 Newshound Guru Kaperoni ...there is no overnight event. Never will be. I guess all i can do is keep educating. If for no other reason people should understand the CBI would never spend the money to replace the currency unless they expected it to be in circulation for a while. That in itself tells you there is no single overnight RV RI going to happen...I do fully expect the dinar to go up in value, but not overnight. As stated in numerous articles going back years it could take two to three years to delete the zeros. In other words it's a gradual appreciation over time. The good news is I do expect it to start soon. Because Iraq needs to move out of Article XIV and into Article VIII to send a message to investors and the global financial system that they are open for business and as a result of that transition will need to float the currency...as the dinar gradually rises in value over time more emphasis will be on lower notes so having quality notes in circulation supports that.
10-6-2018 Intel Guru Delta NEW...OUT AS OF THURSDAY...250... 500... 1000.
10-6-2018 Newshound Guru MilitiaMan Article: "The Central Bank of Iraq announced the issuance of quantities described as large on small currencies for daily transactions." This has been brought to my attention and it is dated yesterday! Not sure about the source, but, this says coins...Next week... A statement by the bank said that it would introduce large quantities of small categories to meet the need for daily transactions. The quality of the material used has been improved, as well as a small change in the new format that will be presented for trading next week. He said the deal would be done in a new and old form, without discrimination...
10-6-2018 Newshound Guru Bloodloch "The 1, 5, 10, 20, 100, etc., notes are to be new, as will be the coins." - Newshound Guru MilitiaMan. Head of nail meet hammer. My own guess would be 100, 50, 25, 10, 5 and 1, as I surreptitiously suggested Oct 1st ...but now I'm just splitting hairs. Why those denominations? Easy, because they match 100,000, 50,000, 25,000, 10,000, 5,000 and 1,000 but without the triple zeros. Did I mention it was simple? I think I mentioned that. As our friend Randy [Gru Randy Koonce] likes to say... Breathe. Change can be a scary thing, but if they're doing what I think they're doing, I'll be able to explain how it's going to work, and why it's going to work, and even how quickly I believe it will work, but not until they actually step forward and initiate it. There is still a hidden aspect to it that won't be evident until after it starts. The ball is definitely in their court.
10-6-2018 Intel Guru Frank26 This has been a masterful plan. It’s been right along with what we call the FAB4, you know, the IMF, the United States Treasury, and the World Bank, and they are now reporting to the BIS, and saying...this is what we’ve got...We have a date, and we work with them, we are ready to go. ...they are going to start pumping small categories into the markets gradually ending the crisis. No kidding! THIS IS THE RI!!! THIS IS THE RV!!! ...Sounds like a good plan...
10-6-2018 Intel Guru Delta Article: "We plan to restructure the Iraqi currency including deleting zeros" FYI...DELETE ZEROS WILL BE FROM EXCHANGE RATE ...3 ZEROS NOTE WILL PHASE OUT ...
10-6-2018 Intel Guru RayRen98 Iraqi TV reports PM Abadi informing the citizens that economic reforms could not be completed during his tenure due to security concerns with ISIS and the slowly progressing political issues. Both are now resolved and the new incoming Prime Minister should have no problems completing the task. Also on Iraqi TV is the message that political blocks have already submitted their candidate-selects to fill government posts to the Prime Minister-Designate projecting completion of assignments before the 30-day window expires. US Banks are sharing excitement of probable preparations for the first-of-the-week type of activity! ...Everything appears to moving at record speed compared to the past, can't wait to hear what happens the rest of this weekend!
10-6-2018 Newshound Guru Kaperoni ...there is no overnight event. Never will be. I guess all i can do is keep educating. If for no other reason people should understand the CBI would never spend the money to replace the currency unless they expected it to be in circulation for a while. That in itself tells you there is no single overnight RV RI going to happen...I do fully expect the dinar to go up in value, but not overnight. As stated in numerous articles going back years it could take two to three years to delete the zeros. In other words it's a gradual appreciation over time. The good news is I do expect it to start soon. Because Iraq needs to move out of Article XIV and into Article VIII to send a message to investors and the global financial system that they are open for business and as a result of that transition will need to float the currency...as the dinar gradually rises in value over time more emphasis will be on lower notes so having quality notes in circulation supports that.
10-6-2018 Intel Guru Delta NEW...OUT AS OF THURSDAY...250... 500... 1000.
10-6-2018 Newshound Guru MilitiaMan Article: "The Central Bank of Iraq announced the issuance of quantities described as large on small currencies for daily transactions." This has been brought to my attention and it is dated yesterday! Not sure about the source, but, this says coins...Next week... A statement by the bank said that it would introduce large quantities of small categories to meet the need for daily transactions. The quality of the material used has been improved, as well as a small change in the new format that will be presented for trading next week. He said the deal would be done in a new and old form, without discrimination...
10-6-2018 Newshound Guru Bloodloch "The 1, 5, 10, 20, 100, etc., notes are to be new, as will be the coins." - Newshound Guru MilitiaMan. Head of nail meet hammer. My own guess would be 100, 50, 25, 10, 5 and 1, as I surreptitiously suggested Oct 1st ...but now I'm just splitting hairs. Why those denominations? Easy, because they match 100,000, 50,000, 25,000, 10,000, 5,000 and 1,000 but without the triple zeros. Did I mention it was simple? I think I mentioned that. As our friend Randy [Gru Randy Koonce] likes to say... Breathe. Change can be a scary thing, but if they're doing what I think they're doing, I'll be able to explain how it's going to work, and why it's going to work, and even how quickly I believe it will work, but not until they actually step forward and initiate it. There is still a hidden aspect to it that won't be evident until after it starts. The ball is definitely in their court.
10-6-2018 Intel Guru Frank26 This has been a masterful plan. It’s been right along with what we call the FAB4, you know, the IMF, the United States Treasury, and the World Bank, and they are now reporting to the BIS, and saying...this is what we’ve got...We have a date, and we work with them, we are ready to go. ...they are going to start pumping small categories into the markets gradually ending the crisis. No kidding! THIS IS THE RI!!! THIS IS THE RV!!! ...Sounds like a good plan...
10-5-2018 Newshound Guru MilitiaMan They are clearly telling us that they are bringing in the new currency, they even tell us they spent a small fortune in doing so!! The only thing they haven't showed us yet is the New Small Currency and Coins...Notice, I said, "Yet". ...Who is to say, they haven't shown the citizens the new notes and coins today in the Mosques? Maybe we just have to wait for them to show us...? The possibilities are interesting.. The facts are fascinating.. ~ Imo [post 3 of 3]
10-5-2018 Newshound Guru MilitiaMan So we know they told us that on 09/11/2018 they were going to introduce the lower notes next month, then 09/26/2018 they tell us they are going to do same within two weeks and then yesterday, they are telling us next week. That is from the CBI. Today they tell us they are deleting the zeros, yet they wrote that 2 days ago.. The CBI wants a suitable environment. Well today we have Abadi as Prime Minister all the while Mahdi seats his cabinet, effectively two PMs, that are imo a suitable environment for the CBI and the world. It is obvious for that imo, as they have lifted sanctions and released massive amounts of assets, not only from the UNSC, HM Treasury but the EU as well... So the calls for next year are not being broadcast-ed imo. [post 2 of 3....stay tuned]
10-5-2018 Newshound Guru MilitiaMan The data we have been provided by Delta, Teams, etc., showed that the CBI spent money in the past for printing new currency, then again they increased that amount to $108 million real close of recent. The largest portion of cost for currency is minting coins. To think they are only going to introduce just 250s, 500s and 1,000s is imo way off. They told us months ago they had a liquidity issue and they told us they were ceasing multi currency practices too. Therefore, trying to function at a program rate for any length of time is plain silly (imo) with those. They talk of new currency and they mean it being brand new. The 250, 500, 1000 are not new, the ones they reprinted to go side by side however are, with updates to them and even deletions to be noted. The 1, 5, 10, 20, 100, etc., notes are to be new, as will be the coins. [post 1 of 3....stay tuned]
10-5-2018 Intel Guru Frank26 Article: "We plan to restructure the Iraqi currency including deleting zeros" RIGHT BEFORE OUR EYES!!! ...YESTERDAY WAS ABOUT THE LD'S BEING REPLACED CAUSE THEY ARE WORN AND TORN...TODAY...THIS IS ABOUT THE NEW CATEGORY SMALL NOTES!!! WE FREAKEN TOLD YOU SO!!!
10-5-2018 Newshound Guru Kaperoni New replacement dinar notes begin circulation next week.
10-5-2018 Intel Guru Bruce What is interesting about that is if they do come out Saturday or Sunday which we think they will...they will be also trading their dinar on their market Sunday night... We also believe the ISX will be trading, and the dinar will be tradable on the ISX but also it will be tradable on the NASDAQ in the US on Monday morning. We should have visibility more with Iraq and the dinar as the result of what they will be doing over the weekend whether it is Saturday or Sunday. ...It is looking good for the next few days... I am encouraged. I am excited. I feel good where we are... [post 2 of 2]
10-5-2018 Intel Guru Bruce [via Pinkroses] Just when it was safe to close the door on Iraq, something else comes out. Today we got information from Sulaymaniyah, one of our sources there, that Iraq is going to have their lower denominations not only at the ATMs. These are the lower ones the 10s, 20s...the lower denoms and they will be everywhere. They will be in the stores, the banks, the ATMs. They supposed to bring them out either Saturday or Sunday. Sunday is the first day of their business week...It is a very good sign that they are saying to the world...hey we have revalued. This is our new rate, and we have the new lower denoms to go to. [post 1 of 2....stay tuned]
10-5-2018 Newshound Guru Bloodloch New small denominations of the same currency are not what I'm looking for. Rather, I'm looking for something quite different. Perhaps they are just getting the public accustomed to the idea of new currency issues. New artwork and such.
10-5-2018 Newshound Guru MilitiaMan ...There is nothing that suggests outside of next week.. They clearly are reiterating there intentions to bring in the new [currency ?] next week. Abadi is PM now while and through the end of seating the Cabinet... The environment is stable and secure now and will be... Thus, the Independence of the CBI can roll out the new when appropriate, and there words are next week and that is their words not mine, or even any speculation about it what so ever. ...You don't bring in small currency with out a rate change... That is imo a reality..
10-5-2018 Newshound Guru MilitiaMan So we know they told us that on 09/11/2018 they were going to introduce the lower notes next month, then 09/26/2018 they tell us they are going to do same within two weeks and then yesterday, they are telling us next week. That is from the CBI. Today they tell us they are deleting the zeros, yet they wrote that 2 days ago.. The CBI wants a suitable environment. Well today we have Abadi as Prime Minister all the while Mahdi seats his cabinet, effectively two PMs, that are imo a suitable environment for the CBI and the world. It is obvious for that imo, as they have lifted sanctions and released massive amounts of assets, not only from the UNSC, HM Treasury but the EU as well... So the calls for next year are not being broadcast-ed imo. [post 2 of 3....stay tuned]
10-5-2018 Newshound Guru MilitiaMan The data we have been provided by Delta, Teams, etc., showed that the CBI spent money in the past for printing new currency, then again they increased that amount to $108 million real close of recent. The largest portion of cost for currency is minting coins. To think they are only going to introduce just 250s, 500s and 1,000s is imo way off. They told us months ago they had a liquidity issue and they told us they were ceasing multi currency practices too. Therefore, trying to function at a program rate for any length of time is plain silly (imo) with those. They talk of new currency and they mean it being brand new. The 250, 500, 1000 are not new, the ones they reprinted to go side by side however are, with updates to them and even deletions to be noted. The 1, 5, 10, 20, 100, etc., notes are to be new, as will be the coins. [post 1 of 3....stay tuned]
10-5-2018 Intel Guru Frank26 Article: "We plan to restructure the Iraqi currency including deleting zeros" RIGHT BEFORE OUR EYES!!! ...YESTERDAY WAS ABOUT THE LD'S BEING REPLACED CAUSE THEY ARE WORN AND TORN...TODAY...THIS IS ABOUT THE NEW CATEGORY SMALL NOTES!!! WE FREAKEN TOLD YOU SO!!!
10-5-2018 Newshound Guru Kaperoni New replacement dinar notes begin circulation next week.
10-5-2018 Intel Guru Bruce What is interesting about that is if they do come out Saturday or Sunday which we think they will...they will be also trading their dinar on their market Sunday night... We also believe the ISX will be trading, and the dinar will be tradable on the ISX but also it will be tradable on the NASDAQ in the US on Monday morning. We should have visibility more with Iraq and the dinar as the result of what they will be doing over the weekend whether it is Saturday or Sunday. ...It is looking good for the next few days... I am encouraged. I am excited. I feel good where we are... [post 2 of 2]
10-5-2018 Intel Guru Bruce [via Pinkroses] Just when it was safe to close the door on Iraq, something else comes out. Today we got information from Sulaymaniyah, one of our sources there, that Iraq is going to have their lower denominations not only at the ATMs. These are the lower ones the 10s, 20s...the lower denoms and they will be everywhere. They will be in the stores, the banks, the ATMs. They supposed to bring them out either Saturday or Sunday. Sunday is the first day of their business week...It is a very good sign that they are saying to the world...hey we have revalued. This is our new rate, and we have the new lower denoms to go to. [post 1 of 2....stay tuned]
10-5-2018 Newshound Guru Bloodloch New small denominations of the same currency are not what I'm looking for. Rather, I'm looking for something quite different. Perhaps they are just getting the public accustomed to the idea of new currency issues. New artwork and such.
10-5-2018 Newshound Guru MilitiaMan ...There is nothing that suggests outside of next week.. They clearly are reiterating there intentions to bring in the new [currency ?] next week. Abadi is PM now while and through the end of seating the Cabinet... The environment is stable and secure now and will be... Thus, the Independence of the CBI can roll out the new when appropriate, and there words are next week and that is their words not mine, or even any speculation about it what so ever. ...You don't bring in small currency with out a rate change... That is imo a reality..
10-4-2018 *** Dinar Guru NewsFlash *** It's official, late yesterday afternoon, Iraqi parliament elected Barham Salih as Iraq's next President. Salih quickly appointed Adil Abdul Mahdi as Prime Minister of Iraq. This was done FIFTEEN DAY EARLY! Now, under Iraqi's constitutional rules, Mahdi has 30 days to present the next Government of Iraq for parliament approval. Once approved, Mahdi will officially be the next Prime Minister of Iraq and the government will be seated. Several guru camps have described Mahdi as pro-economic reform. He as an economic background and is the former Oil Minister. This is all very exciting...stay tuned as the gurus continue to chime in about what Mahdi's impact might be on a possible dinar RV and/or rate change! The latest guru post will continue below...
10-4-2018 Newshound Guru Currency365 CBI releasing new lower notes next week for trading to stop the liquidity crisis...doesn't need a rate change even though we would like one but the small notes/coins need a rate change cause they would have negative value...so expect the new 1000, 500, and maybe 250 next week
10-4-2018 Newshound Guru Kaperoni Starting next week the CBI will start pumping replacement notes into the market for those that have been damaged over the years. Many new features. ...Nothing more than replacement, not the beginning of some RV or RI lol. Not how it's going to happen. The sheer fact that they're doing this should prove to you that there is no overnight event. If and when the dinar starts to rise it could take one to three years to get equal to a dollar. It is totally related to how fast investment comes into the country. Providing replacement notes for the citizens is always a good thing.
10-4-2018 Intel Guru RayRen98 Sources are reporting that Prime Minister-Designate Abdul Mahdi will announce his cabinet members at the next Parliament session on Tuesday, adding that if not on Tuesday, then it will be announced on Thursday. This cabinet will replace PM Abadi's cabinet, who appears to be in full cooperation with the change of power. Iraqi TV reports the CBI announcing the placement of large quantities of the smaller notes in circulation next week to meet the needs of daily transactions. The 1,000 dinar note resurfaces as tattered 250's and 500's are being replaced with new currency. There is speculation that even smaller currency will be introduced next week also...TIME WILL TELL...
10-4-2018 Newshound/Intel Guru Mnt Goat Article: "AL-HANAL: THE TIME IS RIGHT TO LAUNCH THE JD TRILLION INITIATIVE" Quote: "...THE TIME IS APPROPRIATE to activate the initiative of the Central Bank of “trillion dinars” for the support of small and medium enterprises..." So can they make more money from loaning money than they can from the currency auction spread? ...the timing of this news could not get any better. This is part of the “deliberate steps” the CBI is talking about...when they delayed the project to delete the zeros in April. We can now witness also the STABILITY of the government has come and this election saga is finally over. ...Will they decide to continue the project to delete the zeros and pick up where they left off in April? I believe they will. We know that this initiative in this article is part of the...redenomination process. So this is VERY good news for us. This initiative will coincide with getting off the currency auctions... This too is one of the issues in supporting the go ahead by the CBI to let the project to delete the zeros get into full swing.
10-4-2018 Intel Guru Frank26 Mahdi is loved by the citizens and everyone in Iraq...Not committed to any political bloc...supports economic and monetary reforms, HCL for citizens, give citizens more purchasing power...wrote many report including his opposition to the auctions. Mahdi has 30 days to form his government...Mahdi supports the lifting of the 3 o's and will bust-open the reforms. Mahdi as PM will enhance security and stability and a suitable environment to allow all all economic and monetary reforms to continue. PM Abadi is still in charge of the government until Mahdi puts together his government in 30 days...let the dust settle. The most important thing to remember is to seat the government, not who is the PM. [post 2 of 2]
10-4-2018 Intel Guru Frank26 [via Manaolana3] Synopsis: Announcement made Mahdi as next PM; question whether his acceptance is constitutional; BUT it's not over yet (announcement took Frank and Teams by surprise). USA supports Mahdi and is being congratulated by many including ME countries, Amb Silliman, State Dept Rep McGurk,and others. USA gave list of technocrats to Mahdi; will rid of Iranian influence in Iraq, but most important seating of the government of Iraq. Mahdi is recognized by all parties due to his history, whereas, Abadi is not. Mahdi is a bridge, a conduit to the GOI, but is not from the large bloc; may have issues, and if there is opposition, may walk. Madhi has the support of Sistani; supports Sistani's plans/reforms, is a settlement candidate... [post 1 of 2....stay tuned]
1-4-2018 Newshound Guru Adam Montana [How is the political map looking now that Barham Saleh has been announced as the President?] I don't see anything wrong with this pick. In fact, his immediate announcement of a choice in PM says a lot about how we can expect things to change. This is possibly even better than Abadi remaining PM... the status quo is due for a shakeup, and a "fresh face" can certainly do that now. Looking forward to the coming days!
10-4-2018 Newshound/Intel Guru Mnt Goat So I told everyone...that come this next constitutional deadline of Oct 2nd the flood gates would probably open wide with news and this election saga would wind down. So...October 2nd, we witnessed finally the election of the new president and he announced his candidate for prime minister minutes after these formalities were over based on the provisions of Article 76 Constitution. Now this candidate has to go before the parliament to be ratified and this should be more of formality than anything else. Article quote: "Douglas Silliman, the US ambassador to Iraq congratulated Mahdi and wished him the best of success to as he starts to form the new government of Iraq. The USA will work with the future PM to help his government meet the needs and aspirations of all the people of Iraq." So it appears that the USA does accept and will support this new prime minister Mahdi. This is very good for us.
10-4-2018 Newshound Guru Kaperoni Starting next week the CBI will start pumping replacement notes into the market for those that have been damaged over the years. Many new features. ...Nothing more than replacement, not the beginning of some RV or RI lol. Not how it's going to happen. The sheer fact that they're doing this should prove to you that there is no overnight event. If and when the dinar starts to rise it could take one to three years to get equal to a dollar. It is totally related to how fast investment comes into the country. Providing replacement notes for the citizens is always a good thing.
10-4-2018 Intel Guru RayRen98 Sources are reporting that Prime Minister-Designate Abdul Mahdi will announce his cabinet members at the next Parliament session on Tuesday, adding that if not on Tuesday, then it will be announced on Thursday. This cabinet will replace PM Abadi's cabinet, who appears to be in full cooperation with the change of power. Iraqi TV reports the CBI announcing the placement of large quantities of the smaller notes in circulation next week to meet the needs of daily transactions. The 1,000 dinar note resurfaces as tattered 250's and 500's are being replaced with new currency. There is speculation that even smaller currency will be introduced next week also...TIME WILL TELL...
10-4-2018 Newshound/Intel Guru Mnt Goat Article: "AL-HANAL: THE TIME IS RIGHT TO LAUNCH THE JD TRILLION INITIATIVE" Quote: "...THE TIME IS APPROPRIATE to activate the initiative of the Central Bank of “trillion dinars” for the support of small and medium enterprises..." So can they make more money from loaning money than they can from the currency auction spread? ...the timing of this news could not get any better. This is part of the “deliberate steps” the CBI is talking about...when they delayed the project to delete the zeros in April. We can now witness also the STABILITY of the government has come and this election saga is finally over. ...Will they decide to continue the project to delete the zeros and pick up where they left off in April? I believe they will. We know that this initiative in this article is part of the...redenomination process. So this is VERY good news for us. This initiative will coincide with getting off the currency auctions... This too is one of the issues in supporting the go ahead by the CBI to let the project to delete the zeros get into full swing.
10-4-2018 Intel Guru Frank26 Mahdi is loved by the citizens and everyone in Iraq...Not committed to any political bloc...supports economic and monetary reforms, HCL for citizens, give citizens more purchasing power...wrote many report including his opposition to the auctions. Mahdi has 30 days to form his government...Mahdi supports the lifting of the 3 o's and will bust-open the reforms. Mahdi as PM will enhance security and stability and a suitable environment to allow all all economic and monetary reforms to continue. PM Abadi is still in charge of the government until Mahdi puts together his government in 30 days...let the dust settle. The most important thing to remember is to seat the government, not who is the PM. [post 2 of 2]
10-4-2018 Intel Guru Frank26 [via Manaolana3] Synopsis: Announcement made Mahdi as next PM; question whether his acceptance is constitutional; BUT it's not over yet (announcement took Frank and Teams by surprise). USA supports Mahdi and is being congratulated by many including ME countries, Amb Silliman, State Dept Rep McGurk,and others. USA gave list of technocrats to Mahdi; will rid of Iranian influence in Iraq, but most important seating of the government of Iraq. Mahdi is recognized by all parties due to his history, whereas, Abadi is not. Mahdi is a bridge, a conduit to the GOI, but is not from the large bloc; may have issues, and if there is opposition, may walk. Madhi has the support of Sistani; supports Sistani's plans/reforms, is a settlement candidate... [post 1 of 2....stay tuned]
1-4-2018 Newshound Guru Adam Montana [How is the political map looking now that Barham Saleh has been announced as the President?] I don't see anything wrong with this pick. In fact, his immediate announcement of a choice in PM says a lot about how we can expect things to change. This is possibly even better than Abadi remaining PM... the status quo is due for a shakeup, and a "fresh face" can certainly do that now. Looking forward to the coming days!
10-4-2018 Newshound/Intel Guru Mnt Goat So I told everyone...that come this next constitutional deadline of Oct 2nd the flood gates would probably open wide with news and this election saga would wind down. So...October 2nd, we witnessed finally the election of the new president and he announced his candidate for prime minister minutes after these formalities were over based on the provisions of Article 76 Constitution. Now this candidate has to go before the parliament to be ratified and this should be more of formality than anything else. Article quote: "Douglas Silliman, the US ambassador to Iraq congratulated Mahdi and wished him the best of success to as he starts to form the new government of Iraq. The USA will work with the future PM to help his government meet the needs and aspirations of all the people of Iraq." So it appears that the USA does accept and will support this new prime minister Mahdi. This is very good for us.
10-3-2018 Intel Guru Delta FYI ...ABADI'S GOV IS STILL IN CHARGE...UNTIL THE NEW GOV GET CONFIRM BY PARLIAMENT...MAHDI IS WELL RESPECTED AMONG ALL IN IRAQ...BRILLIANT MOVE BY US AND ABADI.... NOTHING MATTER ANYMORE...CBI 2 WEEKS ALMOST OVER...
10-3-2018 Newshound Guru Kaperoni As stated a month ago, once the new government is formed the IMF will schedule its Article IV Consultation with Iraq and CBI. Need signed commitments. This new government when complete is very pro reform so we should expect parliament to begin immediately passing laws. Prime Minister designate Adil Abd al-Mahdi is very aware of currency reform. He wrote about several years ago describing the process. It is my guess that once the new government is formed that engaging Iraqi banks with the world financial system would be a top priority as well as begin currency reform.
10-3-2018 Newshound Guru Bloodloch My take on this isn't "whether" it will happen, although I believe it will, or even "when" it will happen, although I believe it's soon. It's more about "how" I believe it can happen in a controlled self-managing manner that utilizes the natural inclinations of people to gravitate towards the advantageous position in their daily lives, as well as the "why" it will work on a macro scale. It's also about how they have been manipulating certain numbers to prepare for this in ways that may not be immediately apparent or obvious. Looking for an immediate benefit to the Iraqi citizens (they won't even want dollars at that point, let alone be requested to turn them in), and a fairly rapid positive tightening of the international exchange rates with the IQD.
10-3-2018 Newshound Guru Adam Montana For the last few months, we've been in a holding pattern. We know what's coming, and it has been obvious that progress was being made, but let's be honest... it was a lonnnnng, slowwwww couple months waiting for SOMETHING to pop. As of yesterday, that slow moving train gave it's first puff of black smoke and the wheels made the first turn...this giant piece of history began inching forward, and we have some actual news...Iraq has a new president...Barham Salih. What's more, and this happened lightning fast... President Barham Salih has named Abdul Mahdi as Prime Minister...New Iraqi President Barham Salih had 15 days to name the new PM, but he did not wait. He did it immediately. There are obviously plans being set into motion, that were organized well in advance of this announcement. This is breaking news at this time, so the situation is fluid... but this was a major milestone, and we're hearing the train start to chug. CHOOO CHOOOOO!!! Let's go, Iraq!
10-3-2018 Newshound/Intel Guru Arthur From what I'm getting from the sandbox the whole Mahdi for PM was done to appease Maliki and his Iranian backed goons...keeping them from continuing to throw political monkey wrenches into the process. As far as dinarland is concerned, knowing that GOI + HCL = RV, we don't care of Daffy Duck is the President and Bugs Bunny is the Prime Minister so long as we get a stable GOI. Remember CBI Governor Ali Mohsen Ismail Al-Alaq has told us a stable environments what is needed to officially initiate the deletion of the zeros project. We also know they are about to flood the country with lower denominations that must have a new value to be utilized by the citizens. IMO, once we can officially confirm QI Card payments to all citizens from the oil revenues as promised (HCL), whatever it is we have been waiting on all these years will have began.
10-3-2018 Intel Guru Bruce [via PinkRoses] I can tell you as of today Iraq is done of what it is they said they do...They had elected a new President. His name is Saleh...Even know though you may be reading Abdul-Mahdi is the new Prime Minister, I can tell you that Abadi is still going to be the Prime Minister for the next two years. I believe that is what I have been told by people in Iraq, and that seems to be what I trust at this time. He will be Prime Minister for a couple more years...The other thing...Iraq was supposed to do what they needed to do with the CBI. I have not heard a report of that, and personally I don’t think we will see it here yet, but supposedly they have gotten their CBI put together where sensibly there be a rate and they would be complete. ...Everything is pointing toward a release that should be this week...I am excited where we are.
10-3-2018 Intel Guru Frank26 [via future] ...." WE DO NOT CARE WHO THE PM IS...ALL MY TEAMS WANT TO SEE IS THE SITTING OF THE GOI." THEN TODAY CAME ALONG...TA DA...YOU NOW WILL SEE THIS GOI ANNOUNCE ITSELF...AND IT WILL NOT TAKE THE FULL 30 DAYS THEY ARE PERMITTED TO USE. AND THEN...IMO...WE WILL NOW SEE THE LD'S COME TO REPLACE THE OLD AND WORN OUT CURRENCY... SHORTLY THEREAFTER THE RELEASE OF THE SMALL CURRENCY CATEGORY NOTES THAT THE CBI TOLD US WOULD COME OUT IN THIS MONTH OF OCTOBER ACCOMPANIED BY A LIFTING OF THE 3 ZEROS FROM THEIR EXCHANGE RATE. AS I SAID...I DID NOT CARE WHO THE PM WAS...NOR DID THE CBI. BUT I SURE DO CARE ABOUT WHAT THE CBI IS NOW...PREPARED...TO DO. WHY? BECAUSE... IMO...THIS SITTING WAS / IS...THE FINAL SUITABLE ENVIRONMENT!!!
10-3-2018 Newshound Guru Currency365 New President...Barham Salih appoints Adel Abdul Mahdi as the NEW PRIME MINISTER of IRAQ...
10-3-2018 Intel Guru ADMINBILL ...I ask that you all put the info you receive in a pot on the stove and turn the burner up. In the past the burner was set to low heat so the stew never was ready to eat. In the past few months the flame has been turned up higher each week. We are nearing a point when a delicious stew will be ready to eat. Don't discount the information you are hearing but note that bankers, etc have been ready for months with rates on the screens, etc...
10-3-2018 Newshound Guru Kaperoni As stated a month ago, once the new government is formed the IMF will schedule its Article IV Consultation with Iraq and CBI. Need signed commitments. This new government when complete is very pro reform so we should expect parliament to begin immediately passing laws. Prime Minister designate Adil Abd al-Mahdi is very aware of currency reform. He wrote about several years ago describing the process. It is my guess that once the new government is formed that engaging Iraqi banks with the world financial system would be a top priority as well as begin currency reform.
10-3-2018 Newshound Guru Bloodloch My take on this isn't "whether" it will happen, although I believe it will, or even "when" it will happen, although I believe it's soon. It's more about "how" I believe it can happen in a controlled self-managing manner that utilizes the natural inclinations of people to gravitate towards the advantageous position in their daily lives, as well as the "why" it will work on a macro scale. It's also about how they have been manipulating certain numbers to prepare for this in ways that may not be immediately apparent or obvious. Looking for an immediate benefit to the Iraqi citizens (they won't even want dollars at that point, let alone be requested to turn them in), and a fairly rapid positive tightening of the international exchange rates with the IQD.
10-3-2018 Newshound Guru Adam Montana For the last few months, we've been in a holding pattern. We know what's coming, and it has been obvious that progress was being made, but let's be honest... it was a lonnnnng, slowwwww couple months waiting for SOMETHING to pop. As of yesterday, that slow moving train gave it's first puff of black smoke and the wheels made the first turn...this giant piece of history began inching forward, and we have some actual news...Iraq has a new president...Barham Salih. What's more, and this happened lightning fast... President Barham Salih has named Abdul Mahdi as Prime Minister...New Iraqi President Barham Salih had 15 days to name the new PM, but he did not wait. He did it immediately. There are obviously plans being set into motion, that were organized well in advance of this announcement. This is breaking news at this time, so the situation is fluid... but this was a major milestone, and we're hearing the train start to chug. CHOOO CHOOOOO!!! Let's go, Iraq!
10-3-2018 Newshound/Intel Guru Arthur From what I'm getting from the sandbox the whole Mahdi for PM was done to appease Maliki and his Iranian backed goons...keeping them from continuing to throw political monkey wrenches into the process. As far as dinarland is concerned, knowing that GOI + HCL = RV, we don't care of Daffy Duck is the President and Bugs Bunny is the Prime Minister so long as we get a stable GOI. Remember CBI Governor Ali Mohsen Ismail Al-Alaq has told us a stable environments what is needed to officially initiate the deletion of the zeros project. We also know they are about to flood the country with lower denominations that must have a new value to be utilized by the citizens. IMO, once we can officially confirm QI Card payments to all citizens from the oil revenues as promised (HCL), whatever it is we have been waiting on all these years will have began.
10-3-2018 Intel Guru Bruce [via PinkRoses] I can tell you as of today Iraq is done of what it is they said they do...They had elected a new President. His name is Saleh...Even know though you may be reading Abdul-Mahdi is the new Prime Minister, I can tell you that Abadi is still going to be the Prime Minister for the next two years. I believe that is what I have been told by people in Iraq, and that seems to be what I trust at this time. He will be Prime Minister for a couple more years...The other thing...Iraq was supposed to do what they needed to do with the CBI. I have not heard a report of that, and personally I don’t think we will see it here yet, but supposedly they have gotten their CBI put together where sensibly there be a rate and they would be complete. ...Everything is pointing toward a release that should be this week...I am excited where we are.
10-3-2018 Intel Guru Frank26 [via future] ...." WE DO NOT CARE WHO THE PM IS...ALL MY TEAMS WANT TO SEE IS THE SITTING OF THE GOI." THEN TODAY CAME ALONG...TA DA...YOU NOW WILL SEE THIS GOI ANNOUNCE ITSELF...AND IT WILL NOT TAKE THE FULL 30 DAYS THEY ARE PERMITTED TO USE. AND THEN...IMO...WE WILL NOW SEE THE LD'S COME TO REPLACE THE OLD AND WORN OUT CURRENCY... SHORTLY THEREAFTER THE RELEASE OF THE SMALL CURRENCY CATEGORY NOTES THAT THE CBI TOLD US WOULD COME OUT IN THIS MONTH OF OCTOBER ACCOMPANIED BY A LIFTING OF THE 3 ZEROS FROM THEIR EXCHANGE RATE. AS I SAID...I DID NOT CARE WHO THE PM WAS...NOR DID THE CBI. BUT I SURE DO CARE ABOUT WHAT THE CBI IS NOW...PREPARED...TO DO. WHY? BECAUSE... IMO...THIS SITTING WAS / IS...THE FINAL SUITABLE ENVIRONMENT!!!
10-3-2018 Newshound Guru Currency365 New President...Barham Salih appoints Adel Abdul Mahdi as the NEW PRIME MINISTER of IRAQ...
10-3-2018 Intel Guru ADMINBILL ...I ask that you all put the info you receive in a pot on the stove and turn the burner up. In the past the burner was set to low heat so the stew never was ready to eat. In the past few months the flame has been turned up higher each week. We are nearing a point when a delicious stew will be ready to eat. Don't discount the information you are hearing but note that bankers, etc have been ready for months with rates on the screens, etc...
10-1-2018 Newshound Guru Kaperoni The only way the dinar can appreciate in value is if the CBI floats the currency to counter inflationary pressure created by an influx of investment/investors. Even then it will take time. I am still very hopeful that banking reforms will begin this year. Though it is contingent on the formation of the new GOI, passing laws.
10-1-2018 Newshound/Intel Guru Mnt Goat Remember we are waiting for the “reinstatement” of the dinar first and as a result of this process they will have to raise the rate when they re-peg the dinar to the SDR basket from a sole de -facto peg to the US dollar, thus many call this an RV or revaluation. ...many just think it going to pop out at the banks with a new rate...Folks for the use of the term “international” currency it must be accompanied with a “formal” and “official” reinstatement. It can not just RV...
10-1-2018 Newshound Guru Currency365 The Iraqi parliament is holding at 8pm tonight, a decisive session for the election of the President of the Republic...
10-1-2018 Intel Guru Jester BEEN WORKING WITH THE WOLF [GURU REDWOLF] OFF AND ON ALL WEEK... THERE IS STUFF HAPPENING...THE REAL GUYS ARE CONVINCED THINGS ARE UNDERWAY... BUT STILL NO TIME TABLE IS FORTHCOMING...THE BOTTOM LINE IS THE PEOPLE I DO TRUST ARE CONVINCED THINGS ARE UNDERWAY... BY THAT MEANING THE PROCESS IS MOVING ALONG...THE MAIN THING IS THE ONES THAT COUNT THINK WE ARE THAT CLOSE...
10-1-2018 Newshound/Intel Guru Mnt Goat Remember we are waiting for the “reinstatement” of the dinar first and as a result of this process they will have to raise the rate when they re-peg the dinar to the SDR basket from a sole de -facto peg to the US dollar, thus many call this an RV or revaluation. ...many just think it going to pop out at the banks with a new rate...Folks for the use of the term “international” currency it must be accompanied with a “formal” and “official” reinstatement. It can not just RV...
10-1-2018 Newshound Guru Currency365 The Iraqi parliament is holding at 8pm tonight, a decisive session for the election of the President of the Republic...
10-1-2018 Intel Guru Jester BEEN WORKING WITH THE WOLF [GURU REDWOLF] OFF AND ON ALL WEEK... THERE IS STUFF HAPPENING...THE REAL GUYS ARE CONVINCED THINGS ARE UNDERWAY... BUT STILL NO TIME TABLE IS FORTHCOMING...THE BOTTOM LINE IS THE PEOPLE I DO TRUST ARE CONVINCED THINGS ARE UNDERWAY... BY THAT MEANING THE PROCESS IS MOVING ALONG...THE MAIN THING IS THE ONES THAT COUNT THINK WE ARE THAT CLOSE...
10-2-2018 Newshound Guru Bloodloch [Can you share in your opinion, does this thing end in 2018 or are you looking at 2019.] I'm expecting it to happen when they generally and broadly start releasing the new smaller denominations, which some have reported could begin this month (October), but likely not before the full government, including the Prime Minister, is seated.
10-2-2018 Newshound Guru Walkingstick ...In reality, they now have a Speaker of the house who's seating is in violation of their constitution ... A President of the Republic, who's seating is not in violation but breaks the customary role of revolving between the Kurdish parties... A prime Minister, nominee (Mahdi)... a clear violation, not coming from the largest bloc... Brought of out retirement as a "settlement candidate".. One that, the majority now supports...In closing, if.. Mahdi were to form a government... He has always been a staunch supporter of the monetary/ economic reform.. bringing the dinar to the regional and international level, ceasing the auctions and the distribution of oil proceeds to the people ...
10-2-2018 Newshound Guru Kaperoni So its official...a new president of the Republic of Iraq...Barham Saleh. By the way the choices so far for president of parliament and president of the Republic of Iraq are pro economic reform. If Madhi gets in as prime minister we should see reforms start very soon including currency reform.
10-2-2018 Intel Guru RayRen98 Ammar al-Hakim Barham Saleh captures the presidency today with 220 votes...Reports indicate that President Saleh has selected Mahdi as the Prime Minister-designate two hours after being confirmed President...
10-2-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament elects Barham Salih as Iraqi president. He is a former PM of Iraqi Kurdish Regional Government.
10-2-2018 Newshound Guru Currency365 Anybody can be the next Prime minister of Iraq they could surprise us all... but first let them pick the President by Oct 2nd deadline according to New Speaker... constitutionally they have till Oct 10th...FYI
10-2-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament convenes to elect an Iraqi president but only 192 MPs present...Out of 329 MPs. Office of Iraqi Parliament says it will publish names of MPs who do not attend today's meeting. Speaker of Parliament says today's meeting will continue until a president of Iraq is elected.
10-2-2018 Intel Guru Frank26 [via Clare] "Prepared" - we Know it will happen...don't worry about when, it, IS happening...FAB 4, CBI ...ARE ready...looking for suitable Environment...POTUS will "Clean the Floor"...wants Iranian influence gone. 1). Teams strongly feel GOI should be seated...USA is "preparing" Iraq to seat its Gov. 2). In postion & "prepared" are the specimen sheets that the CBI sent to all the Central Banks around the world "prepared" for authenticity...Whales & Sharks, already using for trade, investing in Iraq & Contracts. Banks "prepared" ...ready for future customers...in position for rate change...Right Now! The RI of IQD has a date...POTUS has enough time, before the date, to deal with Iran... 3). ...so far Iraq spent 160 million to print currency... Teams are waiting for something this month...IMO.
10-2-2018 Newshound /Intel Guru Mnt Goat The banks are now brokering the dinar (buying and selling) it just as the online internet brokers are that you may have ordered it from. Why not since there is lots of money to be made and the banks deal with currencies and like to make money...They are NOT trading the dinar...There is a difference between selling and buying as a broker from trading it. If the banks were trading the dinar it would be sold on the currency exchanges too. It is NOT. The banks can not legally trade the dinar until it is reinstated as a global currency...So for a short period during the ISIS war in Iraq, they US treasury asked that they banks do not sell or buy this currency since they were afraid it could be used to fund terrorism once again. We even witnessed in late 2015 that the CBI wanted to reinstate the dinar but again it was denied due to the ongoing war with ISIS. They told us it would happen in “EARLY 2017” but again the war was not yet over until LATE 2017. Then in 2018, came the election saga and here we stand still waiting.
10-2-2018 Newshound Guru Walkingstick ...In reality, they now have a Speaker of the house who's seating is in violation of their constitution ... A President of the Republic, who's seating is not in violation but breaks the customary role of revolving between the Kurdish parties... A prime Minister, nominee (Mahdi)... a clear violation, not coming from the largest bloc... Brought of out retirement as a "settlement candidate".. One that, the majority now supports...In closing, if.. Mahdi were to form a government... He has always been a staunch supporter of the monetary/ economic reform.. bringing the dinar to the regional and international level, ceasing the auctions and the distribution of oil proceeds to the people ...
10-2-2018 Newshound Guru Kaperoni So its official...a new president of the Republic of Iraq...Barham Saleh. By the way the choices so far for president of parliament and president of the Republic of Iraq are pro economic reform. If Madhi gets in as prime minister we should see reforms start very soon including currency reform.
10-2-2018 Intel Guru RayRen98 Ammar al-Hakim Barham Saleh captures the presidency today with 220 votes...Reports indicate that President Saleh has selected Mahdi as the Prime Minister-designate two hours after being confirmed President...
10-2-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament elects Barham Salih as Iraqi president. He is a former PM of Iraqi Kurdish Regional Government.
10-2-2018 Newshound Guru Currency365 Anybody can be the next Prime minister of Iraq they could surprise us all... but first let them pick the President by Oct 2nd deadline according to New Speaker... constitutionally they have till Oct 10th...FYI
10-2-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament convenes to elect an Iraqi president but only 192 MPs present...Out of 329 MPs. Office of Iraqi Parliament says it will publish names of MPs who do not attend today's meeting. Speaker of Parliament says today's meeting will continue until a president of Iraq is elected.
10-2-2018 Intel Guru Frank26 [via Clare] "Prepared" - we Know it will happen...don't worry about when, it, IS happening...FAB 4, CBI ...ARE ready...looking for suitable Environment...POTUS will "Clean the Floor"...wants Iranian influence gone. 1). Teams strongly feel GOI should be seated...USA is "preparing" Iraq to seat its Gov. 2). In postion & "prepared" are the specimen sheets that the CBI sent to all the Central Banks around the world "prepared" for authenticity...Whales & Sharks, already using for trade, investing in Iraq & Contracts. Banks "prepared" ...ready for future customers...in position for rate change...Right Now! The RI of IQD has a date...POTUS has enough time, before the date, to deal with Iran... 3). ...so far Iraq spent 160 million to print currency... Teams are waiting for something this month...IMO.
10-2-2018 Newshound /Intel Guru Mnt Goat The banks are now brokering the dinar (buying and selling) it just as the online internet brokers are that you may have ordered it from. Why not since there is lots of money to be made and the banks deal with currencies and like to make money...They are NOT trading the dinar...There is a difference between selling and buying as a broker from trading it. If the banks were trading the dinar it would be sold on the currency exchanges too. It is NOT. The banks can not legally trade the dinar until it is reinstated as a global currency...So for a short period during the ISIS war in Iraq, they US treasury asked that they banks do not sell or buy this currency since they were afraid it could be used to fund terrorism once again. We even witnessed in late 2015 that the CBI wanted to reinstate the dinar but again it was denied due to the ongoing war with ISIS. They told us it would happen in “EARLY 2017” but again the war was not yet over until LATE 2017. Then in 2018, came the election saga and here we stand still waiting.
9-30-2018 Newshound Guru Currency365 "A political source said Abadi is working intensively to reunite al-Sadr with al-Maliki, indicating that a "settlement" between parties will be picking "Adel Abdul Mahdi," as candidate for post of Prime Minister" Sit back relax and watch the it all play out folks.
9-30-2018 Intel Guru RayRen98 Sunday - Kurds did not yet agree on a candidate-select for president and dislike that Baghdad is making their decision for them. They left the meeting referencing unconstitutional activity and will not attend any Parliament meetings due to that fact. Without the Kurds, a quorum cannot be established to have official votes passed and they want the Federal Court to intervene. The saga between the Kurds and Baghdad continues. [post 2 of 2]
9-30-2018 Intel Guru RayRen98 Saturday - A bank source reported rates on ...The dinar...flashing from 3.71 up to 4.81 and then graying out. They expect final rates the first week of October if all continues as informed. Iraq TV reported an agreement from members of Parliament blacklisting anyone who participated in the Kurdistan referendum from holding the title of President and not inviting them to take part in Parliament. Kurds were told they have two days to select a candidate to represent them as their President or Saleh would be appointed. [post 1 of 2....stay tuned]
9-30-2018 Newshound Guru Kaperoni ...monetary policy is never a random act...The promise of instant fortune! I assure you there will never be an overnight RV or RI. When the CBI begins to raise the value via float it'll be a tool used by the CBI the counter inflationary pressure. The good news is it will go up in value it just won't happen overnight.
9-30-2018 Intel Guru RayRen98 Sunday - Kurds did not yet agree on a candidate-select for president and dislike that Baghdad is making their decision for them. They left the meeting referencing unconstitutional activity and will not attend any Parliament meetings due to that fact. Without the Kurds, a quorum cannot be established to have official votes passed and they want the Federal Court to intervene. The saga between the Kurds and Baghdad continues. [post 2 of 2]
9-30-2018 Intel Guru RayRen98 Saturday - A bank source reported rates on ...The dinar...flashing from 3.71 up to 4.81 and then graying out. They expect final rates the first week of October if all continues as informed. Iraq TV reported an agreement from members of Parliament blacklisting anyone who participated in the Kurdistan referendum from holding the title of President and not inviting them to take part in Parliament. Kurds were told they have two days to select a candidate to represent them as their President or Saleh would be appointed. [post 1 of 2....stay tuned]
9-30-2018 Newshound Guru Kaperoni ...monetary policy is never a random act...The promise of instant fortune! I assure you there will never be an overnight RV or RI. When the CBI begins to raise the value via float it'll be a tool used by the CBI the counter inflationary pressure. The good news is it will go up in value it just won't happen overnight.
9-29-2018 Newshound/Intel Guru Mnt Goat Right now we know the CBI is slowly, through a process, moving towards more and more use of the lower category notes. We see it in the news. The fact that they are now experiencing a severe shortage in the small categories tells us this process is working. Will the CBI be pumping other, newer smaller category notes in the coming weeks? I fully believe this is not what they are taking about in all these recent articles. They are not yet ready for this next step... We know that electronic banking, Point of Sale (POS), ATMs and other reforms have given them this capability now to utilize these small category notes. They have turned a milestone in the process and so now it is a matter of time until they launch even lower, lower denominations, eventually getting off the older 3 zero notes all together.
9-29-2018 Newshound Guru Kaperoni The Iraqi Banking/Finance Conference 2018 has been pushed off to Nov 4-5. Interesting. Iraq is notorious for being late on agreements. Far back as I can remember they were always six months or more delinquent on accomplishing what they had agreed to. Delaying the investment conference is in the best interest of Iraq because at this time because they are not ready...they have not form the government, passed the delinquent laws or held their Article IV Consultation with the IMF.
9-29-2018 Newshound/Intel Guru Mnt Goat Article quote: "Informed sources said that the political blocs agreed that Adel Abdul Mahdi will be prime minister and that the current Prime Minister Haider Abadi will serve as Vice President of the Republic" ...this could all change again and until they officially announce the nominee for PM, the fat lady has not yet sung. This is just a news article and not official.
9-29-2018 Newshound Guru Breitling …There’s no way around it. Sooner or later they are going to have to add value to their currency. They stated it. They want to do it. They told everybody what the value is. They said they wanted to get back to $1.17 and then after that they want to get to get back to $3.25. I don’t know if they’ll get exactly back to $3.25 but I know what their plan is…nothing has changed…the drama in the middle east has not changed that. [Post 2 of 2]
9-29-2018 Newshound Guru Breitling Let’s say the dinar never revalues… (It would have to be some weird circumstance where it wouldn’t revalue.) If it doesn’t revalue it doesn’t mean you and I are wrong. We’re right. We’re watching everything you see. Think about this. You watch a football game, right? It has 4 quarters, 2 teams and there’s two minutes left on the scoreboard. One team has 49 points and the other team has 0. You kind of know what’s going to happen…there’s no way the other team is going to score 49 points in two minutes. It’s the same thing with Iraq…everything is set in place for them to do international business with their currency…. [Post 1 of 2 Stay tuned for the rest of the story]
9-29-2018 Newshound/Intel Guru Mnt Goat BANNING THE USE 3 ZERO NOTES? I “firmly” do NOT believe...they will stop taking these 3 zero notes (5,000, 10,000, 25,000 and 50,000) and will set a deadline for turning them in. This will NEVER occur since the CBI told these 3 zero notes will “coincide” with the smaller category notes for up to 10 years (or longer if needed). The goal of the CBI is simply to slowly let the economy drive the process and put the dependency on the use of smaller category notes and gradually introduce yet even smaller notes. But I will tell you there will come a point when they will have to reinstate the currency to the international global currency exchanges and trade the currency. This is mainly what we wait for. This is when we go to the banks. When this happens the rate will rise and the CBI will be forced to launch the other even small category notes. So what do you watch for next? ...I am watching for the launching of the 100 dinar note next.
9-29-2018 Newshound Guru Kaperoni The Iraqi Banking/Finance Conference 2018 has been pushed off to Nov 4-5. Interesting. Iraq is notorious for being late on agreements. Far back as I can remember they were always six months or more delinquent on accomplishing what they had agreed to. Delaying the investment conference is in the best interest of Iraq because at this time because they are not ready...they have not form the government, passed the delinquent laws or held their Article IV Consultation with the IMF.
9-29-2018 Newshound/Intel Guru Mnt Goat Article quote: "Informed sources said that the political blocs agreed that Adel Abdul Mahdi will be prime minister and that the current Prime Minister Haider Abadi will serve as Vice President of the Republic" ...this could all change again and until they officially announce the nominee for PM, the fat lady has not yet sung. This is just a news article and not official.
9-29-2018 Newshound Guru Breitling …There’s no way around it. Sooner or later they are going to have to add value to their currency. They stated it. They want to do it. They told everybody what the value is. They said they wanted to get back to $1.17 and then after that they want to get to get back to $3.25. I don’t know if they’ll get exactly back to $3.25 but I know what their plan is…nothing has changed…the drama in the middle east has not changed that. [Post 2 of 2]
9-29-2018 Newshound Guru Breitling Let’s say the dinar never revalues… (It would have to be some weird circumstance where it wouldn’t revalue.) If it doesn’t revalue it doesn’t mean you and I are wrong. We’re right. We’re watching everything you see. Think about this. You watch a football game, right? It has 4 quarters, 2 teams and there’s two minutes left on the scoreboard. One team has 49 points and the other team has 0. You kind of know what’s going to happen…there’s no way the other team is going to score 49 points in two minutes. It’s the same thing with Iraq…everything is set in place for them to do international business with their currency…. [Post 1 of 2 Stay tuned for the rest of the story]
9-29-2018 Newshound/Intel Guru Mnt Goat BANNING THE USE 3 ZERO NOTES? I “firmly” do NOT believe...they will stop taking these 3 zero notes (5,000, 10,000, 25,000 and 50,000) and will set a deadline for turning them in. This will NEVER occur since the CBI told these 3 zero notes will “coincide” with the smaller category notes for up to 10 years (or longer if needed). The goal of the CBI is simply to slowly let the economy drive the process and put the dependency on the use of smaller category notes and gradually introduce yet even smaller notes. But I will tell you there will come a point when they will have to reinstate the currency to the international global currency exchanges and trade the currency. This is mainly what we wait for. This is when we go to the banks. When this happens the rate will rise and the CBI will be forced to launch the other even small category notes. So what do you watch for next? ...I am watching for the launching of the 100 dinar note next.
9-28-2018 Newshound Guru MilitiaMan Article: “Judge Rahim al-Ukaili filed a complaint with the Iraqi judiciary against a former prime minister" ...What I find interesting in this is not only about the justice that is to come for the people of Iraq it is that they too, let us know more of the story... The shell game Iraq has been playing politically. ...the GOI is important, yet not so important as they can't get things done. This makes me feel that the GOI is seated, just not for our eyes, yet. With Maliki having charges, the stability for Iraq just got a new kick up the ladder.. All of this is part of the process as it unfolds and imo it is now on steroids...lol...imo.
9-28-2018 Intel Guru Bruce When it comes to what we are waiting for, we have been getting really good information the last day or two about the fact we are at the point of completion. What I mean by that is security has always been a concern. It is at the point where everything is ready. All systems are ready...In terms of how close are we...I am not going to call it...With that being said, I have heard we are at the point now all systems are ready... Everything we are hearing is very positive. Some of the banks are talking about they are gearing up for a Monday, Tuesday start. ...I am also hearing, however, that the President is in charge of the release and he will give the green light... [post 2 of 2]
9-28-2018 Intel Guru Bruce [via Pinkroses] I said we are at the point now where we are not having to look at Iraq to complete something before we go. However we did hear from Sulaymaniyah, Iraq today, and we heard that all the official notifications with Iraq with their Prime Ministership of Abadi will actually take sort of a role of more powers if you will. More things have been given to him as Prime Minister than are typical...That position and everything having to do with their new Parliament all of that along with CBI, everything we been looking for will be done on Monday, Iraq time...It is all good, but they are so far along that we know what is going on. We know it is done. We are not really waiting on them as we were in the past. [post 1 of 2....stay tuned]
9-28-2018 Newshound Guru Breitling Article: “the Feds decision to raise interest rates will raise the value of the dollar at the expense of the dinar. This will adversely effect the economy of Iraq unless Iraq’s Central Bank accelerates the measures to protect the dinar…” So how do you do that? Well you raise the value of the dinar and you keep up with the interest rates of the US Dollar. What do you have to do to raise the value of the dinar? You start taking more dinar off the market. Or if its already off the market, start adding value…Again, another door of opportunity for the value to be changed. And why do they want the value to be changed? Why do they want the value to go up? …they want Iraqi citizens to do business around the world. That’s why they’ve been doing deals and all that stuff with these international entities, organizations, institutions…it’s all there. Black and white. It’s right there. it’s all in front of you…
9-28-2018 Intel Guru Frank26 Okay, something happened with the BIS. Something happened with the WTO. Something happened with the CBI. Did you notice all of the sudden a few days ago, the CBI comes out and they says “...We’re just going to push the American Dollar away. We don’t want the American Dollar....we’re removing it.” ...we’re gonna ...start...paying our citizens...salary, electronically...and only with the Iraqi Dinar.” “And also, we’re doing some other things with only the Iraqi dinar.” ...We don’t want to use the American Dollar. We’re removing it. Now do you understand what that is? With the MCPs the auctions? Well, you should be jumping for joy! A relationship between the American Dollar and the IQD will develop and, but it will be in a basket. It won’t be in an auction of the CBI. The auctions are in wonderful position, right now, at this moment, for a reinstatement of the Iraqi dinar. [post 2 of 2]
9-28-2018 Intel Guru Frank26 “...something happened with the BIS family. And...With the WTO...The World Trade Organization. And the Bank of International Settlements. Now if you don’t know, the BIS is the Mother of all Central Banks on this planet Earth. And the Central Bank of Iraq, is one of them. And you know...that Central Bank is trying to what? Monetary Reform. Redenominate. Reinstate. Revalue. ...And something happened with them? ...Remember I told you...that there’s a date...for the lifting of the 3 zeros to add value to the currency...I don’t know it...But in my opinion, there is a date. Well, if something happened with the BIS, and CBI, it seems to be it’s because that date is very close. [post 1 of 2....stay tuned]
9-28-2018 Newshound Guru MilitiaMan Article: "Project Finance" Quote: "The need to adopt effective economic plans is essential in all economies of the world in light of the rapid competition in the international labor market, which is increasing over time, in order to maintain presence within the target markets." ...1 high tech job in Iraq may need 10 jobs in support. ...this is now telling the world that the mound they are about to build is going to need people, qualified people and in a big way. Again, that meeting in Amman (imo) was a meeting on conclusion of where Iraq was and apparently gave the green light to get the show on the road, funding. Needing to have employees qualified for the reconstruction was imo green lighted.. The money has to be their in advance. My view it is and will be with no issues, and with an appropriate rate for international banking systems with the latest technologies and with the highest regulations and transparencies that meet the same.. The best of the best, are there now and more will follow.. imo!
9-28-2018 Intel Guru Bruce When it comes to what we are waiting for, we have been getting really good information the last day or two about the fact we are at the point of completion. What I mean by that is security has always been a concern. It is at the point where everything is ready. All systems are ready...In terms of how close are we...I am not going to call it...With that being said, I have heard we are at the point now all systems are ready... Everything we are hearing is very positive. Some of the banks are talking about they are gearing up for a Monday, Tuesday start. ...I am also hearing, however, that the President is in charge of the release and he will give the green light... [post 2 of 2]
9-28-2018 Intel Guru Bruce [via Pinkroses] I said we are at the point now where we are not having to look at Iraq to complete something before we go. However we did hear from Sulaymaniyah, Iraq today, and we heard that all the official notifications with Iraq with their Prime Ministership of Abadi will actually take sort of a role of more powers if you will. More things have been given to him as Prime Minister than are typical...That position and everything having to do with their new Parliament all of that along with CBI, everything we been looking for will be done on Monday, Iraq time...It is all good, but they are so far along that we know what is going on. We know it is done. We are not really waiting on them as we were in the past. [post 1 of 2....stay tuned]
9-28-2018 Newshound Guru Breitling Article: “the Feds decision to raise interest rates will raise the value of the dollar at the expense of the dinar. This will adversely effect the economy of Iraq unless Iraq’s Central Bank accelerates the measures to protect the dinar…” So how do you do that? Well you raise the value of the dinar and you keep up with the interest rates of the US Dollar. What do you have to do to raise the value of the dinar? You start taking more dinar off the market. Or if its already off the market, start adding value…Again, another door of opportunity for the value to be changed. And why do they want the value to be changed? Why do they want the value to go up? …they want Iraqi citizens to do business around the world. That’s why they’ve been doing deals and all that stuff with these international entities, organizations, institutions…it’s all there. Black and white. It’s right there. it’s all in front of you…
9-28-2018 Intel Guru Frank26 Okay, something happened with the BIS. Something happened with the WTO. Something happened with the CBI. Did you notice all of the sudden a few days ago, the CBI comes out and they says “...We’re just going to push the American Dollar away. We don’t want the American Dollar....we’re removing it.” ...we’re gonna ...start...paying our citizens...salary, electronically...and only with the Iraqi Dinar.” “And also, we’re doing some other things with only the Iraqi dinar.” ...We don’t want to use the American Dollar. We’re removing it. Now do you understand what that is? With the MCPs the auctions? Well, you should be jumping for joy! A relationship between the American Dollar and the IQD will develop and, but it will be in a basket. It won’t be in an auction of the CBI. The auctions are in wonderful position, right now, at this moment, for a reinstatement of the Iraqi dinar. [post 2 of 2]
9-28-2018 Intel Guru Frank26 “...something happened with the BIS family. And...With the WTO...The World Trade Organization. And the Bank of International Settlements. Now if you don’t know, the BIS is the Mother of all Central Banks on this planet Earth. And the Central Bank of Iraq, is one of them. And you know...that Central Bank is trying to what? Monetary Reform. Redenominate. Reinstate. Revalue. ...And something happened with them? ...Remember I told you...that there’s a date...for the lifting of the 3 zeros to add value to the currency...I don’t know it...But in my opinion, there is a date. Well, if something happened with the BIS, and CBI, it seems to be it’s because that date is very close. [post 1 of 2....stay tuned]
9-28-2018 Newshound Guru MilitiaMan Article: "Project Finance" Quote: "The need to adopt effective economic plans is essential in all economies of the world in light of the rapid competition in the international labor market, which is increasing over time, in order to maintain presence within the target markets." ...1 high tech job in Iraq may need 10 jobs in support. ...this is now telling the world that the mound they are about to build is going to need people, qualified people and in a big way. Again, that meeting in Amman (imo) was a meeting on conclusion of where Iraq was and apparently gave the green light to get the show on the road, funding. Needing to have employees qualified for the reconstruction was imo green lighted.. The money has to be their in advance. My view it is and will be with no issues, and with an appropriate rate for international banking systems with the latest technologies and with the highest regulations and transparencies that meet the same.. The best of the best, are there now and more will follow.. imo!
9-27-2018 Newshound/Intel Guru Mnt Goat ...Many keep asking me - Will this RV ever occur? ...it will soon and is actually underway. ...We know (since they CBI itself has told us) that the reinstatement will be at a much higher rate and the currency will be re-pegged off the sole de facto peg to the US Dollars to an “SDR basket” of five currencies, one of which will be the US Dollar. We know (since the CBI itself has told us) that they want to move the Iraqi dinar back to its “glory days”...the 1930’s and 1940’s.. We can then look up the past rate of this period and see it was steady at around $4.86 USD per 1 dinar. This leads me then to believe that this is around the stabilizing, normalized rate that the CBI intends to have dinar someday soon. [post 3 of 3]
9-27-2018 Newshound/Intel Guru Mnt Goat Are there still the larger 3 zero notes in circulation? Yes of course...only 2/3 were taken out of circulation and so 1/3 still remain. Don’t forget also we hold some of this remaining 1/3. The CBI wants to retrieve these too. There are even some of the ATMs in Iraq that are still dispersing them. But this is short lived not the norm or the trend the CBI wants to push the monetary policy towards. These ATMs are only temporary and will change over as more of the smaller categories are dispersed by the CBI in the coming weeks and months. We know that the denominations the CBI still has to yet disperse are the 5, 10, 25, 50, 100 notes and coins...the 100 dinar denomination is probably the most likely note to be issued next. [post 2 of 3....stay tuned]
9-27-2018 Newshound/Intel Guru Mnt Goat The CBI has just recently...told us that they fully intend to infuse yet even more of the 20, 500 and 1,000 notes into circulation. Why would they do this? They are doing this since these notes are now the most widely used notes in Iraq. They are even going after the worn-out notes and replacing them. They do not even mention the larger 3 zero notes anymore. But we know they are still there. We know that the CBI told us these older 3 zero notes will coincide with the smaller category notes for at least 10 years. [post 1 of 3....stay tuned]
9-27-2018 Newshound/Intel Guru David M. Witty Iraqi Speaker of Parliament: there are 31 candidates for the presidency of the republic, but only 7 meet the conditions. In Iraqi election news, Iraqi Parliament will go forward with 7 of the original 31 candidates for president. Most of the remainder do not have the necessary qualifications.
9-27-2018 Intel Guru Frank26 Inside the Monetary Reform is a re-denomination. Which I believe is also well established. ...After that comes, the third thing. Actually the third and fourth are in combination, and that might be what would cause some trouble. It is the re-instatement and the revaluazation, of the Iraqi Dinar. ...so in conjunction is the RI, the reinstatement, and the revaluazation, because once you reinstate the currency, it’s in position, either at that moment to revalue, or, it’s in position to revalue very shortly afterwards. How is it revalued? By the lifting of the 3 zeros of the exchange rate. Yeah. There is the Monetary Reform that is introducing a redenomination and that...will bring forth a reinstatement and a revaluazation. The RI, the RV can occur in conjunction, instantly together, or they can occur once and then the other one. But, it would be a Reinstatement first, that would then bring forth an RV. [post 3 of 3]
9-27-2018 Intel Guru Frank26 And as far as I’m concerned, they are well past that as well too. Not only in the education to the citizens, but also in printing it. ...You saw millions and millions that they spent in printing new currency. ...They even told you which category... Very clearly. And we established the difference in the lower denoms, which have a space, a Specimen stamp on the new ones that are leaving the borders of Iraq! And where are they going? Oh yes! To all the other Central Banks in Iraq! [IMO] The Iraqi currency by the Central Bank of Iraq and many world entities along and in conjunction with the government of Iraq, are going through are… are going through a Monetary Reform, “MR.” [post 2 of 3....stay tuned]
9-27-2018 Intel Guru Frank26 The Central Bank of Iraq, in conjunction with the Government of Iraq, is in the process of going through what is called a “Monetary Reform.” Now that’s an “MR.” Okay? Now within the MR, consist, some other initials. Three of them in fact. The next one is what’s called the RD, and they’re already done with that. That’s called the redenomination. You know instead of a…a…a…a, $100 dollar bill in your pocket? How about if you had 5 $20 dollar bills in your pocket? Well, you redenominated that $100 bill into 5 $20 dollar bills. In other words, they want to get rid of the 3 zero notes and bring in the small notes; that’s the redenomination process. [post 1 of 3....stay tuned]
9-27-2018 Newshound Guru Adam Montana [The Kurds should give up on the Iraqi presidency altogether or at least reach an advance agreement on the post to avoid further disagreements and complications.] This should all be coming to a head soon, with the end result paving the way for HCL.
9-27-2018 Newshound Guru Currency365 Market in crisis by availability of lower notes (1000, 500, 250) having to pay 10% fee... whats happening now is a temporary situation Cause CBI cut Large amount of small notes & once it start Pumping in markets gradually during the next two weeks it will end crisis!! let the new notes with purchasing power rain down on the citizens :)
9-27-2018 Newshound/Intel Guru Mnt Goat Are there still the larger 3 zero notes in circulation? Yes of course...only 2/3 were taken out of circulation and so 1/3 still remain. Don’t forget also we hold some of this remaining 1/3. The CBI wants to retrieve these too. There are even some of the ATMs in Iraq that are still dispersing them. But this is short lived not the norm or the trend the CBI wants to push the monetary policy towards. These ATMs are only temporary and will change over as more of the smaller categories are dispersed by the CBI in the coming weeks and months. We know that the denominations the CBI still has to yet disperse are the 5, 10, 25, 50, 100 notes and coins...the 100 dinar denomination is probably the most likely note to be issued next. [post 2 of 3....stay tuned]
9-27-2018 Newshound/Intel Guru Mnt Goat The CBI has just recently...told us that they fully intend to infuse yet even more of the 20, 500 and 1,000 notes into circulation. Why would they do this? They are doing this since these notes are now the most widely used notes in Iraq. They are even going after the worn-out notes and replacing them. They do not even mention the larger 3 zero notes anymore. But we know they are still there. We know that the CBI told us these older 3 zero notes will coincide with the smaller category notes for at least 10 years. [post 1 of 3....stay tuned]
9-27-2018 Newshound/Intel Guru David M. Witty Iraqi Speaker of Parliament: there are 31 candidates for the presidency of the republic, but only 7 meet the conditions. In Iraqi election news, Iraqi Parliament will go forward with 7 of the original 31 candidates for president. Most of the remainder do not have the necessary qualifications.
9-27-2018 Intel Guru Frank26 Inside the Monetary Reform is a re-denomination. Which I believe is also well established. ...After that comes, the third thing. Actually the third and fourth are in combination, and that might be what would cause some trouble. It is the re-instatement and the revaluazation, of the Iraqi Dinar. ...so in conjunction is the RI, the reinstatement, and the revaluazation, because once you reinstate the currency, it’s in position, either at that moment to revalue, or, it’s in position to revalue very shortly afterwards. How is it revalued? By the lifting of the 3 zeros of the exchange rate. Yeah. There is the Monetary Reform that is introducing a redenomination and that...will bring forth a reinstatement and a revaluazation. The RI, the RV can occur in conjunction, instantly together, or they can occur once and then the other one. But, it would be a Reinstatement first, that would then bring forth an RV. [post 3 of 3]
9-27-2018 Intel Guru Frank26 And as far as I’m concerned, they are well past that as well too. Not only in the education to the citizens, but also in printing it. ...You saw millions and millions that they spent in printing new currency. ...They even told you which category... Very clearly. And we established the difference in the lower denoms, which have a space, a Specimen stamp on the new ones that are leaving the borders of Iraq! And where are they going? Oh yes! To all the other Central Banks in Iraq! [IMO] The Iraqi currency by the Central Bank of Iraq and many world entities along and in conjunction with the government of Iraq, are going through are… are going through a Monetary Reform, “MR.” [post 2 of 3....stay tuned]
9-27-2018 Intel Guru Frank26 The Central Bank of Iraq, in conjunction with the Government of Iraq, is in the process of going through what is called a “Monetary Reform.” Now that’s an “MR.” Okay? Now within the MR, consist, some other initials. Three of them in fact. The next one is what’s called the RD, and they’re already done with that. That’s called the redenomination. You know instead of a…a…a…a, $100 dollar bill in your pocket? How about if you had 5 $20 dollar bills in your pocket? Well, you redenominated that $100 bill into 5 $20 dollar bills. In other words, they want to get rid of the 3 zero notes and bring in the small notes; that’s the redenomination process. [post 1 of 3....stay tuned]
9-27-2018 Newshound Guru Adam Montana [The Kurds should give up on the Iraqi presidency altogether or at least reach an advance agreement on the post to avoid further disagreements and complications.] This should all be coming to a head soon, with the end result paving the way for HCL.
9-27-2018 Newshound Guru Currency365 Market in crisis by availability of lower notes (1000, 500, 250) having to pay 10% fee... whats happening now is a temporary situation Cause CBI cut Large amount of small notes & once it start Pumping in markets gradually during the next two weeks it will end crisis!! let the new notes with purchasing power rain down on the citizens :)
9-26-2018 Newshound/Intel Guru Mnt Goat UPDATE ON THE ELECTION SAGA: The news period since Monday has been very slow. I suspect that come Oct 2nd the flood gates will open up from the news media. But still no news of when they intend to vote on the new prime minister position. Again, I am telling everyone that there is some entity that is holding back and stalling the formation of the government. I keep asking myself why are they waiting until Oct 2nd constitutional deadline to vote on the president? ...So we do not see any date set yet for the announcement or voting on the prime minister position. We know they intend to vote on the president but not the prime minister on Oct 2nd. We have read a few articles from MPs and legal experts they would prefer to have this vote for PM also in the same session when taking the vote on the president.
9-26-2018 Intel Guru Frank26 Article: “Intelligence sources: unknown parties behind the crisis of small currencies and the Central Bank reveals the truth” Quote: "He said that "the scarcity of small groups of the Iraqi currency in the market is a temporary situation because the central bank cut large amounts of them and once it starts pumping in the markets gradually ending the crisis." [WHY CBI WILL DO THAT?] ONE REASON...TO CONTINUE TO EDUCATE THE CITIZENS AND TO TELL THE INTERNATIONAL WORLD...TO HAVE CONFIDENCE IN THE CURRENCY AND THE MR [MONETARY REFORM] OF THE IQD.
9-26-2018 Newshound/Intel Guru David M. Witty [via Guru chattels] Article: "Parliament ends its session in the presence of ministers of health, housing and water resources" Quote:" ...the second of October next is the last day to elect a president in accordance with the constitutional times ...." Iraqi Speaker of Parliament sets 2 October as final date to select new Iraqi President.
9-26-2018 Newshound Guru Adam Montana The good news is that we're nearing the end of this 3 ring circus of Iraqi "elections". A few "winners" will be announced (selected, appointed, anointed, or whatever you want to call it), and progress will resume. I mentioned that October 2nd is a critical date. Here's why: Parliament is set to vote in a President on that date...Keep in mind that the "Presidency" is much less important than the Prime Minister seat, in my opinion... And with the understanding that the entire process is rigged, I'm really looking forward to the very real possibility of a "*SUDDENLY*" event where Abadi retains his seat and this rocketship gets it's fuse lit! My summary today is simple... we could be a short week or two from seeing major events. I'm looking forward to it! [post 2 of 2]
9-26-2018 Newshound Guru Adam Montana Short update: October 2nd is a critical date. Longer version: We're still slogging through the election/appointment process. I said weeks ago that this wasn't going to be a fast process, but we're nearing the end of it. You'll notice I just added the term "appointment" to the election situation... They made a big deal of "counting and recounting" the "votes", they came to within a very small percentage of accuracy on the ballot totals, so it should have been a no-brainer who the winners were, correct? Ah-ha, nope! Not in this game, my friends! Iraq calls their process a democracy, but anyone with half a brain knows it's not. This isn't bad for us. It might be frustrating and unfair to the Iraqi people... [post 1 of 2....stay tuned]
9-26-2018 Newshound Guru MilitiaMan Article: "Continue preparations for the reconstruction and economic development summit" Quote: "The summit will be a conference on the sidelines of the Golden Opportunity Exhibition to meet with the world's largest companies and investors looking to work in Iraq as well as international organizations" Sounds like the green light was given? Those that are asking for help have been shown evidence of the ability of those participating in Iraq, now... Imo... I mean that there are already international firms in Iraq, even very large ones competing for major contracts, that are above and beyond those out of the conference in Kuwait lined up in February, if not working now or were already?
9-26-2018 Intel Guru Bruce Finally we are at the point what is going on Iraq is accomplished. What that means is that for once we got Iraq agreed to do everything they need to do...and they just need to make their rate known internationally. The word is they are supposed to do that tomorrow [Wednesday] for Iraq for the Middle East and we are suppose to learn about it on Thursday. ...Most of the banks have gone dark, gone quiet...Occasionally we get one or two things from our bank contact that gives us pretty good idea on the timing...it is just a matter of time. We are right where we need to be, and I look forward to shortly what should be happening.
9-26-2018 Newshound Guru Kaperoni [In view of the commitment by Iraq to provide timely and accurate data to the IMF on the exchange system in the future, the Executive Board decided NOT TO REQUIRE any further remedial action in connection with the breach of obligations under Article VIII, Sec 5.] If you're thinking they are in IMF Article VIII you are wrong. They have been trying for years to comply with the conditions of Article VIII in order to move into Article VIII. They have finally met conditions this year getting the spread within 2% and holding 90+ days. I have fully reviewed every IMF article and documented the specifics as it applies to us...
9-26-2018 Intel Guru Frank26 Article: “Intelligence sources: unknown parties behind the crisis of small currencies and the Central Bank reveals the truth” Quote: "He said that "the scarcity of small groups of the Iraqi currency in the market is a temporary situation because the central bank cut large amounts of them and once it starts pumping in the markets gradually ending the crisis." [WHY CBI WILL DO THAT?] ONE REASON...TO CONTINUE TO EDUCATE THE CITIZENS AND TO TELL THE INTERNATIONAL WORLD...TO HAVE CONFIDENCE IN THE CURRENCY AND THE MR [MONETARY REFORM] OF THE IQD.
9-26-2018 Newshound/Intel Guru David M. Witty [via Guru chattels] Article: "Parliament ends its session in the presence of ministers of health, housing and water resources" Quote:" ...the second of October next is the last day to elect a president in accordance with the constitutional times ...." Iraqi Speaker of Parliament sets 2 October as final date to select new Iraqi President.
9-26-2018 Newshound Guru Adam Montana The good news is that we're nearing the end of this 3 ring circus of Iraqi "elections". A few "winners" will be announced (selected, appointed, anointed, or whatever you want to call it), and progress will resume. I mentioned that October 2nd is a critical date. Here's why: Parliament is set to vote in a President on that date...Keep in mind that the "Presidency" is much less important than the Prime Minister seat, in my opinion... And with the understanding that the entire process is rigged, I'm really looking forward to the very real possibility of a "*SUDDENLY*" event where Abadi retains his seat and this rocketship gets it's fuse lit! My summary today is simple... we could be a short week or two from seeing major events. I'm looking forward to it! [post 2 of 2]
9-26-2018 Newshound Guru Adam Montana Short update: October 2nd is a critical date. Longer version: We're still slogging through the election/appointment process. I said weeks ago that this wasn't going to be a fast process, but we're nearing the end of it. You'll notice I just added the term "appointment" to the election situation... They made a big deal of "counting and recounting" the "votes", they came to within a very small percentage of accuracy on the ballot totals, so it should have been a no-brainer who the winners were, correct? Ah-ha, nope! Not in this game, my friends! Iraq calls their process a democracy, but anyone with half a brain knows it's not. This isn't bad for us. It might be frustrating and unfair to the Iraqi people... [post 1 of 2....stay tuned]
9-26-2018 Newshound Guru MilitiaMan Article: "Continue preparations for the reconstruction and economic development summit" Quote: "The summit will be a conference on the sidelines of the Golden Opportunity Exhibition to meet with the world's largest companies and investors looking to work in Iraq as well as international organizations" Sounds like the green light was given? Those that are asking for help have been shown evidence of the ability of those participating in Iraq, now... Imo... I mean that there are already international firms in Iraq, even very large ones competing for major contracts, that are above and beyond those out of the conference in Kuwait lined up in February, if not working now or were already?
9-26-2018 Intel Guru Bruce Finally we are at the point what is going on Iraq is accomplished. What that means is that for once we got Iraq agreed to do everything they need to do...and they just need to make their rate known internationally. The word is they are supposed to do that tomorrow [Wednesday] for Iraq for the Middle East and we are suppose to learn about it on Thursday. ...Most of the banks have gone dark, gone quiet...Occasionally we get one or two things from our bank contact that gives us pretty good idea on the timing...it is just a matter of time. We are right where we need to be, and I look forward to shortly what should be happening.
9-26-2018 Newshound Guru Kaperoni [In view of the commitment by Iraq to provide timely and accurate data to the IMF on the exchange system in the future, the Executive Board decided NOT TO REQUIRE any further remedial action in connection with the breach of obligations under Article VIII, Sec 5.] If you're thinking they are in IMF Article VIII you are wrong. They have been trying for years to comply with the conditions of Article VIII in order to move into Article VIII. They have finally met conditions this year getting the spread within 2% and holding 90+ days. I have fully reviewed every IMF article and documented the specifics as it applies to us...
9-25-2018 Newshound Guru MilitiaMan Article: "Dr.. Haidar Hussein Al-Tohma / Al-Furat Center for Development and Strategic Studies" Quote: "The two biggest trading partners of Iraq, Turkey and Iran face economic sanctions and severe financial crises that may alter the profile of existing economic ties with Iraq." I will suggest that WS [Guru Walkingstick], brought this in for a very good reason. It is describing a view that is taken by, in what is actually happening in the local region and that apparently has been well thought out for the future of our investment we have in the IQD. For the people of Iraq, and even those surrounding her borders. Even painful, as it may be for two or three Countries specifically, it is happening. The effects will be profound...The increasing of purchasing power now is huge based on present exchange rate mechanisms in place, wait until Iraq goes live with the "New Currency" with an International Rate...The two or three that didn't play ball? Oh man.. ~ imo~!
9-25-2018 Newshound/Intel Guru Walkingstick 1). It is our understanding that the BIS as of right now is dealing with the CBI with debt settlements, starting from a particular date & are to be paid in IQD only... 2). Trying to clarify this right now but it seems that they are being required to do so at this time, WTO is also in the scope...They could have asked for this a long time ago but not possible because they were using US Dollars...and because they did not have a date for the RI...They can not pay at a program rate but, they have made payments before that can not be accepted/ redeemed as payment, until a particular date and time! Something different going on with the BIS...likely because it is an international debt settlement, not local... ie: local contracts... EXCELLENT for our Investment!!! HUGE NEWS!!!
9-25-2018 Intel Guru Frank26 And IMO opinion...the BIS accepted this agreement with them. BIS agreed to accept Iraq’s payments in their own currency. CBI came out with an article, “we don’t want the USD.” Doing some other things with only the Iraqi Diner. You should be jumping with joy! CBI told the BIS they wanted them to pay their debts and only with their currency (the dinar)... the BIS set up meeting with the WB, US, WTO, etc. IMO they met. The CBI did this on behalf of the GOI because only the CBI can go to the BIS and make this type of a deal for the GOI...For the GOI to pay their own bills in their own darn currency! [post 2 of 2]
9-25-2018 Intel Guru Frank26 [via sunny] Something happened in the last two weeks...I said something happened with the BIS and WTO. The BIS is the mother of central banks on this earth. CBI is one of them... I told you there is a date for the releasing of the three zero’s. I don’t know it but IMO there is a date. If something happened with the BIS or CBI it seems to me it’s because that date is close. ...CBI told the BIS, “By a certain date we will be adding back our currency. We will start paying our debts and want you to accept our payments. We want world trade with our currency. We already told everybody we printed the small notes and will introduce them. We want to make it formal.” [post 1 of 2....stay tuned]
9-25-2018 Intel Guru RayRen98 Parliament did meet on Tuesday, but no vote for President was taken. The Speaker of the House announced the 2nd of October to be the determining date for the selection of the President of the Republic.
9-25-2018 Newshound/Intel Guru Mnt Goat Article: "CONSTRUCTION: THE VOTING SESSION ON THE PRESIDENTIAL CANDIDATE WILL PROCEED SMOOTHLY AND SMOOTHLY" "...THE SESSION OF PARLIAMENT NEXT TUESDAY and allocated to vote on the candidate of the post of President of the Republic will go smoothly and easily ..." so in one article they say that they are going to wait until Oct 3rd to vote on the new president. Then the legal experts say this is against the specified timing requirement of the constitution. Then soon after this article pops out which is telling us they moved the voting of the president to Tuesday’s session [9-25-18]. So Tuesday, according to this article is not just about the Basra issues. So they have our heads spinning…..Will they change their minds again come Tuesday?
9-25-2018 Newshound/Intel Guru Walkingstick 1). It is our understanding that the BIS as of right now is dealing with the CBI with debt settlements, starting from a particular date & are to be paid in IQD only... 2). Trying to clarify this right now but it seems that they are being required to do so at this time, WTO is also in the scope...They could have asked for this a long time ago but not possible because they were using US Dollars...and because they did not have a date for the RI...They can not pay at a program rate but, they have made payments before that can not be accepted/ redeemed as payment, until a particular date and time! Something different going on with the BIS...likely because it is an international debt settlement, not local... ie: local contracts... EXCELLENT for our Investment!!! HUGE NEWS!!!
9-25-2018 Intel Guru Frank26 And IMO opinion...the BIS accepted this agreement with them. BIS agreed to accept Iraq’s payments in their own currency. CBI came out with an article, “we don’t want the USD.” Doing some other things with only the Iraqi Diner. You should be jumping with joy! CBI told the BIS they wanted them to pay their debts and only with their currency (the dinar)... the BIS set up meeting with the WB, US, WTO, etc. IMO they met. The CBI did this on behalf of the GOI because only the CBI can go to the BIS and make this type of a deal for the GOI...For the GOI to pay their own bills in their own darn currency! [post 2 of 2]
9-25-2018 Intel Guru Frank26 [via sunny] Something happened in the last two weeks...I said something happened with the BIS and WTO. The BIS is the mother of central banks on this earth. CBI is one of them... I told you there is a date for the releasing of the three zero’s. I don’t know it but IMO there is a date. If something happened with the BIS or CBI it seems to me it’s because that date is close. ...CBI told the BIS, “By a certain date we will be adding back our currency. We will start paying our debts and want you to accept our payments. We want world trade with our currency. We already told everybody we printed the small notes and will introduce them. We want to make it formal.” [post 1 of 2....stay tuned]
9-25-2018 Intel Guru RayRen98 Parliament did meet on Tuesday, but no vote for President was taken. The Speaker of the House announced the 2nd of October to be the determining date for the selection of the President of the Republic.
9-25-2018 Newshound/Intel Guru Mnt Goat Article: "CONSTRUCTION: THE VOTING SESSION ON THE PRESIDENTIAL CANDIDATE WILL PROCEED SMOOTHLY AND SMOOTHLY" "...THE SESSION OF PARLIAMENT NEXT TUESDAY and allocated to vote on the candidate of the post of President of the Republic will go smoothly and easily ..." so in one article they say that they are going to wait until Oct 3rd to vote on the new president. Then the legal experts say this is against the specified timing requirement of the constitution. Then soon after this article pops out which is telling us they moved the voting of the president to Tuesday’s session [9-25-18]. So Tuesday, according to this article is not just about the Basra issues. So they have our heads spinning…..Will they change their minds again come Tuesday?
9-24-2018 Newshound/Intel Guru Mnt Goat Article: "NEXT MEETING OF PARLIAMENT ANNOUNCED SEPT 25TH" Quote: "the agenda of the session next Tuesday, corresponding to the twenty-fifth of September, INCLUDES A DISCUSSION ON THE FORMATION OF PERMANENT COMMITTEES IN THE HOUSE OF REPRESENTATIVES." so it sounds like no voting on the elections on Tuesday instead just forming committees to address the Basra and other issues. [UPDATE: See Guru Mnt Goat post for 9-25-2018]
9-24-2018 Newshound Guru Bloodloch Some interesting intel posts going on about small denominations and need-to-know regarding the process. As far as I can tell, nothing I've read so far contradicts what I believe is about to happen, or the manner in which I'm expecting it to occur. In fact, the secretive aspects tend to support it. That does NOT mean I am 100% correct. Rest assured, even if I'm partially or entirely wrong in form and substance, it's all good and moving in the direction we all want. [reference Guru Bloodloch posts 9-16-2018 and 9-22-2018]
9-24-2018 Newshound Guru Currency365 THE PRIVATE BANKS ARE READY TO LAUNCH THE PRIVATE SECTOR!!! Part 1...The Association of Iraqi Private Banks confirmed time has come to activate initiative of the Central Bank to support small & medium enterprises, amounting to "one trillion dinars". Part 2.."Reason for not activating the initiative At the time of its launch due to window selling currency which banks were making profits from them Interest rate set 4% to lend to market there was another source of profit, "currency window" but recent profits ended only lending"
9-24-2018 Newshound Guru MilitiaMan Article quote: "And promoting the circulation of small denomination banknotes." ...today they tell us they are ceasing the MCPs by telling the citizens to bring in the USD (1.00 - 100.00s)... They have the IFRS [International Financial Reporting Standards] in the equation today for regulatory and accounting purposes and also, which by the way is supporting that they are going to be effectively issuing currency based on the Amman Jordan Meeting on Tuesday of earlier this week with the Arab Union Countries, entities like that of the BIS, WTO, IMF, executives that have a need to know the process, etc..
9-24-2018 Newshound/Intel Guru Mnt Goat Oh – but wait a second later on Sunday an agenda came out for the next session and it was scheduled for Sept 25. The agenda did NOT include electing a new president or prime minister so I am guessing this will be held off until the Oct 3rd meeting. ...Then came this article on early Monday Sept 24th: "The last date for the election of the new president is on October 10 next, according to the constitutional timing,” said Harb, for “Iraq’s News”. ...So as the election saga continues…We are reading many articles now from the news media about the timing of the voting on the new president. It is very confusing as the article are conflicting each other. So what will they actually do? We also know that the selections of candidates for these remaining positions is underway. Any candidate will need at least 220 votes to win any votes in parliament... [post 2 of 2]
9-24-2018 Newshound/Intel Guru Mnt Goat "OCTOBER 3RD SET OF THE NEXT PARLIAMENTARY MEETING" (will they wait that long?) According to Article 72 of the Constitution the constitutional period for the election of the President of the Republic will be within one month of the first session of the current parliament which was held on 3 September. This brings us to October 3rd as the final cutoff date to elect these last two positions of president (and his 3 deputies) and prime minister. Just recently they told us in an article that they intend to extent this process out right up until the deadline of October 3rd, the date of a meeting of parliament when they intend to conduct these elections. [post 1 of 2....stay tuned]
9-24-2018 Intel Guru RayRen98 From Sunday...Iraqi TV reporting that all parties are saying that they agree on Saleh as the next president and will vote for him on Tuesday. They are also reportedly stating that Abadi is the Best Candidate for the position of Prime Minister...
9-24-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, leader in Sairoon coalition: None of the political coalitions & alliances have decided on a candidate for PM. What is being circulated in the press should not be focused on.
9-24-2018 Newshound Guru Bloodloch Some interesting intel posts going on about small denominations and need-to-know regarding the process. As far as I can tell, nothing I've read so far contradicts what I believe is about to happen, or the manner in which I'm expecting it to occur. In fact, the secretive aspects tend to support it. That does NOT mean I am 100% correct. Rest assured, even if I'm partially or entirely wrong in form and substance, it's all good and moving in the direction we all want. [reference Guru Bloodloch posts 9-16-2018 and 9-22-2018]
9-24-2018 Newshound Guru Currency365 THE PRIVATE BANKS ARE READY TO LAUNCH THE PRIVATE SECTOR!!! Part 1...The Association of Iraqi Private Banks confirmed time has come to activate initiative of the Central Bank to support small & medium enterprises, amounting to "one trillion dinars". Part 2.."Reason for not activating the initiative At the time of its launch due to window selling currency which banks were making profits from them Interest rate set 4% to lend to market there was another source of profit, "currency window" but recent profits ended only lending"
9-24-2018 Newshound Guru MilitiaMan Article quote: "And promoting the circulation of small denomination banknotes." ...today they tell us they are ceasing the MCPs by telling the citizens to bring in the USD (1.00 - 100.00s)... They have the IFRS [International Financial Reporting Standards] in the equation today for regulatory and accounting purposes and also, which by the way is supporting that they are going to be effectively issuing currency based on the Amman Jordan Meeting on Tuesday of earlier this week with the Arab Union Countries, entities like that of the BIS, WTO, IMF, executives that have a need to know the process, etc..
9-24-2018 Newshound/Intel Guru Mnt Goat Oh – but wait a second later on Sunday an agenda came out for the next session and it was scheduled for Sept 25. The agenda did NOT include electing a new president or prime minister so I am guessing this will be held off until the Oct 3rd meeting. ...Then came this article on early Monday Sept 24th: "The last date for the election of the new president is on October 10 next, according to the constitutional timing,” said Harb, for “Iraq’s News”. ...So as the election saga continues…We are reading many articles now from the news media about the timing of the voting on the new president. It is very confusing as the article are conflicting each other. So what will they actually do? We also know that the selections of candidates for these remaining positions is underway. Any candidate will need at least 220 votes to win any votes in parliament... [post 2 of 2]
9-24-2018 Newshound/Intel Guru Mnt Goat "OCTOBER 3RD SET OF THE NEXT PARLIAMENTARY MEETING" (will they wait that long?) According to Article 72 of the Constitution the constitutional period for the election of the President of the Republic will be within one month of the first session of the current parliament which was held on 3 September. This brings us to October 3rd as the final cutoff date to elect these last two positions of president (and his 3 deputies) and prime minister. Just recently they told us in an article that they intend to extent this process out right up until the deadline of October 3rd, the date of a meeting of parliament when they intend to conduct these elections. [post 1 of 2....stay tuned]
9-24-2018 Intel Guru RayRen98 From Sunday...Iraqi TV reporting that all parties are saying that they agree on Saleh as the next president and will vote for him on Tuesday. They are also reportedly stating that Abadi is the Best Candidate for the position of Prime Minister...
9-24-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, leader in Sairoon coalition: None of the political coalitions & alliances have decided on a candidate for PM. What is being circulated in the press should not be focused on.
9-23-2018 Newshound Currency365 Iraq has until Oct 10th to pick the President but lets see if they do it early if so we should see the Prime minister picked in October/November...Sadr and others in a meeting tonight about Reforms and Reconstruction.
9-23-2018 Newshound Guru Don961 Article: "Private banks see the appropriate time to launch the initiative "trillion dinars" imo... sounds like it's time for the banks to be real banks and make money by doing traditional loans and providing other services ... instead of just making easy money on the spread from what they bought usd for in the currency auction ... and what they got in the street market ... there was no need to work so hard when all they needed to do was be a money-changer and resell the usd for big profits ... those days of high spreads are ended with 2% compliance ... and the pending closure/reduction of that auction window ... bringing that true value back to the iqd can't hurt either.
9-23-2018 Intel Guru Frank26 ...There are still more days in this month so lets see what happens...if we go into next month, we go into next month...will you join me in our study. I believe there are many things behind the scenes to release the Monetary Reform of the Iraqi dinar. ...Very important right now is the BIS...the BIS is working, I believe, with the GOI for Monetary Reform...I think that's significant for them to come in at this stage. IMO, the WTO is doing the same thing right now. We should look at what the BIS and WTO is doing with the government of Iraq because IMO the Central Bank of Iraq has already done what it needs to do with the fab 4. It's interesting to see the BIS came in NOW. ...I told you IMO, there is a date for the reinstatement of the Iraqi dinar...IMO, if that date is getting closer, then so should the BIS.
9-23-2018 Intel Guru Jester [It seems it is a timing thing and when it gets here it will get here.] ... IT IS...AND I DO BELIEVE THE CLOCK IS TICKING... THERE ARE THINGS HAPPENING...THE GUYS ON MY END ARE HIGHLY EXPECTANT... BUT THERE AGAIN NO ONE CAN GIVE ME ANY PROOF... THEY DO NOT GIVE DATES OR RATES EITHER... IF THEY DID THIS WOULD BE EASIER... HAHAHHAH... [I remember they said it would be done well before election day.] ...NO THAT IS NOT WHAT THEY SAID... THEY SAID THAT DOESN'T HAVE ANYTHING TO DO WITH IT.... BUT THEY THOUGHT IT MIGHT BE DONE PRIOR TO THAT...
9-23-2018 Newshound Guru chattels Article: "Dawa leaders meet in first step towards Maliki-Abadi reconciliation..." No final reconciliation agreement has been announced yet, however.
9-23-2018 Intel Guru Frank26 ...I suppose the most important thing I want you to remember...is that there is a date...I may not know it...But stop and think about this...Entities know it...
9-23-2018 Newshound Guru Don961 Article: "Private banks see the appropriate time to launch the initiative "trillion dinars" imo... sounds like it's time for the banks to be real banks and make money by doing traditional loans and providing other services ... instead of just making easy money on the spread from what they bought usd for in the currency auction ... and what they got in the street market ... there was no need to work so hard when all they needed to do was be a money-changer and resell the usd for big profits ... those days of high spreads are ended with 2% compliance ... and the pending closure/reduction of that auction window ... bringing that true value back to the iqd can't hurt either.
9-23-2018 Intel Guru Frank26 ...There are still more days in this month so lets see what happens...if we go into next month, we go into next month...will you join me in our study. I believe there are many things behind the scenes to release the Monetary Reform of the Iraqi dinar. ...Very important right now is the BIS...the BIS is working, I believe, with the GOI for Monetary Reform...I think that's significant for them to come in at this stage. IMO, the WTO is doing the same thing right now. We should look at what the BIS and WTO is doing with the government of Iraq because IMO the Central Bank of Iraq has already done what it needs to do with the fab 4. It's interesting to see the BIS came in NOW. ...I told you IMO, there is a date for the reinstatement of the Iraqi dinar...IMO, if that date is getting closer, then so should the BIS.
9-23-2018 Intel Guru Jester [It seems it is a timing thing and when it gets here it will get here.] ... IT IS...AND I DO BELIEVE THE CLOCK IS TICKING... THERE ARE THINGS HAPPENING...THE GUYS ON MY END ARE HIGHLY EXPECTANT... BUT THERE AGAIN NO ONE CAN GIVE ME ANY PROOF... THEY DO NOT GIVE DATES OR RATES EITHER... IF THEY DID THIS WOULD BE EASIER... HAHAHHAH... [I remember they said it would be done well before election day.] ...NO THAT IS NOT WHAT THEY SAID... THEY SAID THAT DOESN'T HAVE ANYTHING TO DO WITH IT.... BUT THEY THOUGHT IT MIGHT BE DONE PRIOR TO THAT...
9-23-2018 Newshound Guru chattels Article: "Dawa leaders meet in first step towards Maliki-Abadi reconciliation..." No final reconciliation agreement has been announced yet, however.
9-23-2018 Intel Guru Frank26 ...I suppose the most important thing I want you to remember...is that there is a date...I may not know it...But stop and think about this...Entities know it...
9-22-2018 Newshound Guru Don961 ...not much news of significance being reported ... yet ... does not mean that nothing is going on beyond the articles ... standing by ... imo
9-22-2018 Newshound Guru Currency365 Kurdish forces agree on Barham Saleh as the only candidate for the president...Source of the Dawa Party: a clear nomination for Abadi as prime minister for a second term...USA pulling strings again lol and will continue until there is a break in the system.
9-22-2018 Newshound/Intel Guru Mnt Goat The news these last couple days is short. Right now Iraq is at a standstill again in trying to find prime minister candidates. This is the hold up right now. They have not yet set a date for the next parliament meeting to elect the next president and prime minister. We wait for news.
9-22-2018 Intel Guru Footforward The political situation in Iraq...I couldn't care less who wins. I don't feel it has any bearing on when the RV happens...It doesn't matter who's in power in Iraq for this to happen...the government of Iraq is not in control of this...they haven't been since day one. When Iran's nuclear sites get hit...that's when the RV will happen... within days of that happening. I know this [the RV] is going to happen.
9-22-2018 Newshound Guru Bloodloch Regardless of what government is formed and who fills the particular leadership roles, so long as it is stable, the CBI should be good to proceed forward. On another front, a recent post attributed to [Guru] "Walkingstick" reads: "The lower denomination/s and or coin/s will be not put into circulation, arbitrarily... Prior, to the release ...of any, bank note/s and or coin/s into circulation... Iraqis/ we will, read of ... it will be in print ... The when, why, exchange -rate, description/s, photos of...etc:" This makes perfect sense -- that they will lay their cards on the table openly just prior to releasing the new lower denominations -- in order for the project to remove the zeros to proceed forward. Without those explanations and examples, it could easily be very confusing to the citizens of Iraq. With the explanations and examples, it will be quite easily understood. In any case and barring unforeseen circumstances, various public statements from the CBI lead me to believe we'll all have our answers to our years-long questions before the Autumn is out...Trying very hard to walk a tightrope here, to say without saying...
9-22-2018 Newshound Guru Currency365 Kurdish forces agree on Barham Saleh as the only candidate for the president...Source of the Dawa Party: a clear nomination for Abadi as prime minister for a second term...USA pulling strings again lol and will continue until there is a break in the system.
9-22-2018 Newshound/Intel Guru Mnt Goat The news these last couple days is short. Right now Iraq is at a standstill again in trying to find prime minister candidates. This is the hold up right now. They have not yet set a date for the next parliament meeting to elect the next president and prime minister. We wait for news.
9-22-2018 Intel Guru Footforward The political situation in Iraq...I couldn't care less who wins. I don't feel it has any bearing on when the RV happens...It doesn't matter who's in power in Iraq for this to happen...the government of Iraq is not in control of this...they haven't been since day one. When Iran's nuclear sites get hit...that's when the RV will happen... within days of that happening. I know this [the RV] is going to happen.
9-22-2018 Newshound Guru Bloodloch Regardless of what government is formed and who fills the particular leadership roles, so long as it is stable, the CBI should be good to proceed forward. On another front, a recent post attributed to [Guru] "Walkingstick" reads: "The lower denomination/s and or coin/s will be not put into circulation, arbitrarily... Prior, to the release ...of any, bank note/s and or coin/s into circulation... Iraqis/ we will, read of ... it will be in print ... The when, why, exchange -rate, description/s, photos of...etc:" This makes perfect sense -- that they will lay their cards on the table openly just prior to releasing the new lower denominations -- in order for the project to remove the zeros to proceed forward. Without those explanations and examples, it could easily be very confusing to the citizens of Iraq. With the explanations and examples, it will be quite easily understood. In any case and barring unforeseen circumstances, various public statements from the CBI lead me to believe we'll all have our answers to our years-long questions before the Autumn is out...Trying very hard to walk a tightrope here, to say without saying...
9-21-2018 Newshound Guru chattels Abadi appears to be making a last ditch effort to rally support, despite him announcing last week that he would not cling to power following a decree by Grand Ayatollah Ali al-Sistani that Iraqis shouldn’t support politicians who have recently been in power.
9-21-2018 Newshound/Intel Guru Mnt Goat Even with the current US sanctions against Iran we see the immediate necessity to change over to dinar and use it with their middle eastern trading partners. But to do this will mean reinstating the currency to the global markets/exchanges. ...Don’t you think the CBI would have done it by now if they could. ...But if they begin down that road of launching the lower, lower category notes they need full assurances that the approvals will not be yanked again in the middle of the process and the PTB will actually do their part too and complete the reinstate part of the process. Can you see why the CBI hesitates? Without the reinstatement the entire process fails and the newer lower category notes become worthless on the streets. Billions spent on this effort would be worthless. [post 3 of 3]
9-21-2018 Newshound/Intel Guru Mnt Goat ...The CBI is playing it very safe. The governor...this past weekend told us that there are still STABILITY reasons as to why they are not moving ahead with the project to delete the zeros. ...this process is a calculated process and takes time to set up events ahead of time and work its way to the reinstatement. It is NOT something you just decide to do today and they trigger it tomorrow. One event is the launching of the lower, lower smaller category notes and coins. This must be gradual. Right now their obstacle is having a STABLE government that will support the needed laws to coincide with the monetary & economic reforms for this purpose. [post 2 of 3....stay tuned]
9-21-2018 Newshound/Intel Guru Mnt Goat ...the big questions now is this – will the CBI do away with the currency window altogether and then just let the banks loan out the money? But what is the purpose of the currency auctions anyhow? They are to convert the dinar to US dollars to use to pay for imported goods and services. This process was done as part of the monetary sanctions by the IMF put on Iraq. Why do they still need to do this? Technically they don’t. Iraq has been free of all monetary sanctions for some time now. So why is the CBI still operating in the process? [post 1 of 3....stay tuned]
9-21-2018 Intel Guru Bruce ...Don’t they want the rate out? Yes, they do, but guess what the holdup has been? They have a number of people in Iraq, bad guys, that are still needing to be picked up, arrested, and dealt with. They have a limited amount of time to do that. They have been doing it, but they need to complete that. That is why they haven’t put it out in the Gazette and why it hasn’t been completed in our point of view. It has to do with the arresting and handling of those arrests.
9-21-2018 Intel Guru Bruce Is Iraq still in the equation? The unfortunate answer is Yes they are. They are still a factor. They have been given an ultimatum today by our administration to have all this stuff done meaning temporary election, their CBI up and out with the new rate, to have HCL talked about and discussed and put out in the open. All these things dealing with Iraq is to be done. The ultimatum is for this to be done by Monday. Iraq has said they expect everything we just talked about to be in the Gazette on Saturday. That is their normal publication date. It could be in sooner digital. It should be in the Gazette on Saturday.
9-21-2018 Newshound/Intel Guru Arthur [...if the equation is and always has been GOI + HCL = RV then why did we not get the RV 6 months ago when they had it?] Because IMO, until we actually see documented proof that all the citizens in all the 19 provinces (especially Kurdistan and Basra) are being paid a percentage of the oil revenues, there has not been a full blown activated and, most importantly, IMPLEMENTED Hydro Carbon Law (HCL) in Iraq. It has been activated on and off for years, but IMO never fully implemented, the implementation (along with the new GOI) of which IMO will be a major trigger point for whatever we've been waiting on all these years.
9-21-2018 Newshound/Intel Guru Mnt Goat Even with the current US sanctions against Iran we see the immediate necessity to change over to dinar and use it with their middle eastern trading partners. But to do this will mean reinstating the currency to the global markets/exchanges. ...Don’t you think the CBI would have done it by now if they could. ...But if they begin down that road of launching the lower, lower category notes they need full assurances that the approvals will not be yanked again in the middle of the process and the PTB will actually do their part too and complete the reinstate part of the process. Can you see why the CBI hesitates? Without the reinstatement the entire process fails and the newer lower category notes become worthless on the streets. Billions spent on this effort would be worthless. [post 3 of 3]
9-21-2018 Newshound/Intel Guru Mnt Goat ...The CBI is playing it very safe. The governor...this past weekend told us that there are still STABILITY reasons as to why they are not moving ahead with the project to delete the zeros. ...this process is a calculated process and takes time to set up events ahead of time and work its way to the reinstatement. It is NOT something you just decide to do today and they trigger it tomorrow. One event is the launching of the lower, lower smaller category notes and coins. This must be gradual. Right now their obstacle is having a STABLE government that will support the needed laws to coincide with the monetary & economic reforms for this purpose. [post 2 of 3....stay tuned]
9-21-2018 Newshound/Intel Guru Mnt Goat ...the big questions now is this – will the CBI do away with the currency window altogether and then just let the banks loan out the money? But what is the purpose of the currency auctions anyhow? They are to convert the dinar to US dollars to use to pay for imported goods and services. This process was done as part of the monetary sanctions by the IMF put on Iraq. Why do they still need to do this? Technically they don’t. Iraq has been free of all monetary sanctions for some time now. So why is the CBI still operating in the process? [post 1 of 3....stay tuned]
9-21-2018 Intel Guru Bruce ...Don’t they want the rate out? Yes, they do, but guess what the holdup has been? They have a number of people in Iraq, bad guys, that are still needing to be picked up, arrested, and dealt with. They have a limited amount of time to do that. They have been doing it, but they need to complete that. That is why they haven’t put it out in the Gazette and why it hasn’t been completed in our point of view. It has to do with the arresting and handling of those arrests.
9-21-2018 Intel Guru Bruce Is Iraq still in the equation? The unfortunate answer is Yes they are. They are still a factor. They have been given an ultimatum today by our administration to have all this stuff done meaning temporary election, their CBI up and out with the new rate, to have HCL talked about and discussed and put out in the open. All these things dealing with Iraq is to be done. The ultimatum is for this to be done by Monday. Iraq has said they expect everything we just talked about to be in the Gazette on Saturday. That is their normal publication date. It could be in sooner digital. It should be in the Gazette on Saturday.
9-21-2018 Newshound/Intel Guru Arthur [...if the equation is and always has been GOI + HCL = RV then why did we not get the RV 6 months ago when they had it?] Because IMO, until we actually see documented proof that all the citizens in all the 19 provinces (especially Kurdistan and Basra) are being paid a percentage of the oil revenues, there has not been a full blown activated and, most importantly, IMPLEMENTED Hydro Carbon Law (HCL) in Iraq. It has been activated on and off for years, but IMO never fully implemented, the implementation (along with the new GOI) of which IMO will be a major trigger point for whatever we've been waiting on all these years.
9-20-2018 Newshound Guru Walkingstick ...The lower denomination/s and or coin/s will be not put into circulation, arbitrarily... Prior, to the release ...of any, bank note/s and or coin/s into circulation... Iraqis/ we will, read of ...it will be in print...The when, why, exchange -rate, description/s, photos of...etc...
9-20-2018 Newshound/Intel Guru Mnt Goat Oh – did the CBI governor himself just tell us also in Monday’s press release that he needs STABILITY to go ahead with the “project to delete the zeros”? So what is this needed STABILITY? This is why I keep saying, that if the Iraqi political environment does not become stable again, by at least mid October, we are going to be in for a longer haul for any RV and it may overflow into 2019... All I can say is Haider al-Abadi better get re-elected as the prime minister as this is our best chance and hope of limiting this time line to the reinstatement... [post 2 of 2]
9-20-2018 Newshound/Intel Guru Mnt Goat Article quote: “THE NEED TO ACCELERATE THE ENACTMENT OF LAWS THAT SUPPORT THE RECONSTRUCTION AND STABILITY OF IRAQ”. ...this is coming from the newly elected speaker of parliament. More proof, yet more evidence of why I keep saying about certain laws that must be in place an implemented prior to any RV for stability reasons. Just because the CBI does not come out and specifically say what these laws are, does not mean they are still not needed… [post 1 of 2....stay tuned]
9-20-2018 Newshound Guru Adam Montana [...since the USA and Iran are not in very good terms,is it possible that Iran can undermine the RV knowing it will have a big impact on American citizens? Why is it taking so long to implement a new P.M.?] I'm sure they'd love to, but their power is limited. No concerns there in my opinion. "Why" is it taking so long to implement a new PM? It's Iraq. : )
9-20-2018 Newshound/Intel Guru Arthur The equation is and always has been GOI + HCL = RV. As of this moment we are in a place where we have neither. And neither do we yet have an RV. That is it in a nutshell. Many things activated but not as yet implemented. Still an I to dot and a T to cross. This could all still happen within any 24 to 48 hour period. I have from a good Washington source Mr T is pushing for some time shortly prior to the mid terms. As usual patience is a virtue.
9-20-2018 Newshound/Intel Guru Mnt Goat ...first let me say I did not give a 2019 timeframe...I did say that if this reinstatement of the Iraqi dinar, as a result of the project to delete the zeros, does not get moved ahead by mid October 2018 we can expect a long ride that may overlap into 2019. Why do I say this? ...I am saying this now for two very important reasons: 1) Just as the CBI director himself just told us in the latest news media press release that there must be certain conditions to exist. Again BIG emphasis on STABILITY. BIG emphasis on the correct ENVIRONMENT; 2) the blast of economic and financial sanctions about to hit Iran in early November and spill over impact into Iraq. You don’t think this will impact the STABILITY of Iraq if the CBI does not RV by then?...
9-20-2018 Newshound/Intel Guru Mnt Goat Oh – did the CBI governor himself just tell us also in Monday’s press release that he needs STABILITY to go ahead with the “project to delete the zeros”? So what is this needed STABILITY? This is why I keep saying, that if the Iraqi political environment does not become stable again, by at least mid October, we are going to be in for a longer haul for any RV and it may overflow into 2019... All I can say is Haider al-Abadi better get re-elected as the prime minister as this is our best chance and hope of limiting this time line to the reinstatement... [post 2 of 2]
9-20-2018 Newshound/Intel Guru Mnt Goat Article quote: “THE NEED TO ACCELERATE THE ENACTMENT OF LAWS THAT SUPPORT THE RECONSTRUCTION AND STABILITY OF IRAQ”. ...this is coming from the newly elected speaker of parliament. More proof, yet more evidence of why I keep saying about certain laws that must be in place an implemented prior to any RV for stability reasons. Just because the CBI does not come out and specifically say what these laws are, does not mean they are still not needed… [post 1 of 2....stay tuned]
9-20-2018 Newshound Guru Adam Montana [...since the USA and Iran are not in very good terms,is it possible that Iran can undermine the RV knowing it will have a big impact on American citizens? Why is it taking so long to implement a new P.M.?] I'm sure they'd love to, but their power is limited. No concerns there in my opinion. "Why" is it taking so long to implement a new PM? It's Iraq. : )
9-20-2018 Newshound/Intel Guru Arthur The equation is and always has been GOI + HCL = RV. As of this moment we are in a place where we have neither. And neither do we yet have an RV. That is it in a nutshell. Many things activated but not as yet implemented. Still an I to dot and a T to cross. This could all still happen within any 24 to 48 hour period. I have from a good Washington source Mr T is pushing for some time shortly prior to the mid terms. As usual patience is a virtue.
9-20-2018 Newshound/Intel Guru Mnt Goat ...first let me say I did not give a 2019 timeframe...I did say that if this reinstatement of the Iraqi dinar, as a result of the project to delete the zeros, does not get moved ahead by mid October 2018 we can expect a long ride that may overlap into 2019. Why do I say this? ...I am saying this now for two very important reasons: 1) Just as the CBI director himself just told us in the latest news media press release that there must be certain conditions to exist. Again BIG emphasis on STABILITY. BIG emphasis on the correct ENVIRONMENT; 2) the blast of economic and financial sanctions about to hit Iran in early November and spill over impact into Iraq. You don’t think this will impact the STABILITY of Iraq if the CBI does not RV by then?...
9-19-2018 Newshound Guru Adam Montana [...when it comes to HCL how do they sell the oil they are pumping out without having HCL in place ? I. Your last update it does sound promising after all most 9 yrs waiting...] I still think we are in a promising situation right now! "How" they are selling oil is exactly why they need the HCL in place. Without the HCL in place, their entire process is antiquated and inefficient, and prone to argument about profit sharing. Once the HCL is finalized, they can focus on other things... that's why it's so important. So, the answer is this: poorly, inefficiently, and not meeting their potential.
9-19-2018 Newshound Guru MilitiaMan Article: "Governor of the Central Bank of Iraq participates in the meeting of the Board of Governors of central banks" This meeting has to have been one very interesting meeting and I'll bet it has significant information being passed along between members. Interesting that the BIS has chosen to not publish Iraq's Exchange rate to the US Dollar yet this year on their website for daily nor monthly, quarterly etc.. They quit in qrtr 4/2017...
9-19-2018 Newshound Guru Adam Montana Steady progress has been made, but until the first item is cleared up we really cannot expect anyone to stick their necks out and "get it done". Until they know where the money is going, they aren't going to be signing any deals! And until they have a new PM locked in, they can't be certain where the money is going to go. It's as simple as that. As far as a "timeline" on this situation... I don't know. It could be a week, or a month, or more. But they will not go forever without an official sitting Prime Minister, so as soon as that is settled, that is when we can expect things to move forward. Items of note: 1. I like progress. It appears that the Speaker role has been filled. Good news there! Keep up the good work, Iraq... check those items off the list until we're ready for launch. [post 2 of 2]
9-19-2018 Newshound Guru Adam Montana We have two pending issues before we will see an RV. One is a resolution on who, if anyone, will take Abadi's place. I'm feeling more and more confident that Abadi may very well retain his position, and that's a great feeling! Without getting too deep into it, because I've certainly spent a fair amount of time on this topic over the last couple months, I feel like he's a great option for the country and it would be much more expedient for our purposes if he were to retain his seat. The other issue, of course, is HCL. There are some rumors floating around that it is "done"... I have not seen any evidence to back that up, and that's my stance. [post 1 of 2....stay tuned]
9-19-2018 Intel Guru Bruce Now when it comes to the CBI and the actual rate of the Iraqi dinar, you know they won’t put that rate out online where we can see it. I think it will be a little bit higher rate than we thought it was. We have known that for months that even though they have an in country rate and all of that, they got it on their Qi cards, and they are being paid, all of that, none of that is going to be revealed to us in any accurate detail based on the value of the dinar until we are ready to start...It won’t happen for us until they are absolutely ready to let this go here in the United States... We are looking very strong for the next 24 to 48 hours. I do believe they want it to go this week still...Be on high alert the next couple of days. [post 2 of 2]
9-19-2018 Intel Guru Bruce [via PinkRoses] I think we are as close as we have ever been, but we did get somewhat delayed...by the storm, Florence. I am hearing late this afternoon we did get confirmation from Sulaymaniyah, Iraq that the HCL has been complete. It is done. I don’t know whether it means they paid out of it yet. ...I know we are expecting that. We are expecting some news about the CBI. We are expecting some news quite possibly about Abadi and the Prime Ministership in the Gazette...we found out in more detail that Abadi will be the Prime Minister for Iraq for the next two years. [post 1 of 2....stay tuned]
9-19-2018 Intel Guru 12thman Just got off a call with our group and one of our US political insiders. This person made it very clear that 10-12 days out from the Mid terms was their goal. They want a positive US environment... Stability and progress, not just in the M.E., is key. It's just as important if not more here in our own country. He went on to state that you will see lots of little things leading up to some big articles and statements made by key figures as we draw closer to Nov.
9-19-2018 Newshound/Intel Guru Walkingstick WE WANT YOU TO KNOW THAT THE US IS CALLING ALL THE SHOTS WITH IRAQ IF SO, DO YOU HONESTLY THINK THEY DON'T WANT IRAQ TO RI THEIR CURRENCY? THE US IS LOOKING FOR THE RIGHT TIMING TO DO THIS... THE RI DOES NOT NEED PARLIAMENT...DO WE NEED THE GOVT SEATED? NO!
9-19-2018 Newshound Guru MilitiaMan Article: "Governor of the Central Bank of Iraq participates in the meeting of the Board of Governors of central banks" This meeting has to have been one very interesting meeting and I'll bet it has significant information being passed along between members. Interesting that the BIS has chosen to not publish Iraq's Exchange rate to the US Dollar yet this year on their website for daily nor monthly, quarterly etc.. They quit in qrtr 4/2017...
9-19-2018 Newshound Guru Adam Montana Steady progress has been made, but until the first item is cleared up we really cannot expect anyone to stick their necks out and "get it done". Until they know where the money is going, they aren't going to be signing any deals! And until they have a new PM locked in, they can't be certain where the money is going to go. It's as simple as that. As far as a "timeline" on this situation... I don't know. It could be a week, or a month, or more. But they will not go forever without an official sitting Prime Minister, so as soon as that is settled, that is when we can expect things to move forward. Items of note: 1. I like progress. It appears that the Speaker role has been filled. Good news there! Keep up the good work, Iraq... check those items off the list until we're ready for launch. [post 2 of 2]
9-19-2018 Newshound Guru Adam Montana We have two pending issues before we will see an RV. One is a resolution on who, if anyone, will take Abadi's place. I'm feeling more and more confident that Abadi may very well retain his position, and that's a great feeling! Without getting too deep into it, because I've certainly spent a fair amount of time on this topic over the last couple months, I feel like he's a great option for the country and it would be much more expedient for our purposes if he were to retain his seat. The other issue, of course, is HCL. There are some rumors floating around that it is "done"... I have not seen any evidence to back that up, and that's my stance. [post 1 of 2....stay tuned]
9-19-2018 Intel Guru Bruce Now when it comes to the CBI and the actual rate of the Iraqi dinar, you know they won’t put that rate out online where we can see it. I think it will be a little bit higher rate than we thought it was. We have known that for months that even though they have an in country rate and all of that, they got it on their Qi cards, and they are being paid, all of that, none of that is going to be revealed to us in any accurate detail based on the value of the dinar until we are ready to start...It won’t happen for us until they are absolutely ready to let this go here in the United States... We are looking very strong for the next 24 to 48 hours. I do believe they want it to go this week still...Be on high alert the next couple of days. [post 2 of 2]
9-19-2018 Intel Guru Bruce [via PinkRoses] I think we are as close as we have ever been, but we did get somewhat delayed...by the storm, Florence. I am hearing late this afternoon we did get confirmation from Sulaymaniyah, Iraq that the HCL has been complete. It is done. I don’t know whether it means they paid out of it yet. ...I know we are expecting that. We are expecting some news about the CBI. We are expecting some news quite possibly about Abadi and the Prime Ministership in the Gazette...we found out in more detail that Abadi will be the Prime Minister for Iraq for the next two years. [post 1 of 2....stay tuned]
9-19-2018 Intel Guru 12thman Just got off a call with our group and one of our US political insiders. This person made it very clear that 10-12 days out from the Mid terms was their goal. They want a positive US environment... Stability and progress, not just in the M.E., is key. It's just as important if not more here in our own country. He went on to state that you will see lots of little things leading up to some big articles and statements made by key figures as we draw closer to Nov.
9-19-2018 Newshound/Intel Guru Walkingstick WE WANT YOU TO KNOW THAT THE US IS CALLING ALL THE SHOTS WITH IRAQ IF SO, DO YOU HONESTLY THINK THEY DON'T WANT IRAQ TO RI THEIR CURRENCY? THE US IS LOOKING FOR THE RIGHT TIMING TO DO THIS... THE RI DOES NOT NEED PARLIAMENT...DO WE NEED THE GOVT SEATED? NO!
9-18-2018 Newshound Guru Kaperoni As stated in the 2012 Article IV Consultation the plan by the IMF refers to the gradual appreciation of the dinar as a result of the Balassa-Samuelson effect. So what is that? Balassa-Samuelson Effect Definition | Investopedia: "The Balassa-Samuelson Effect is a phrase that describes the result when countries with high productivity growth also experience high wage growth, which leads to higher real exchange rates. The Balassa-Samuelson Effect suggests that an increase in wages in the tradable goods sector of an emerging economy will also lead to higher wages in the non-tradable (service) sector of the economy. The accompanying increase in inflation makes inflation rates higher in faster-growing economies than it is in slow growing, developed economies." [post 2 of 2]
9-18-2018 Newshound Guru Kaperoni This is not a RI...its a float meaning the dinar will rise to counter inflationary pressure created by an influx of investment capital. Nobody is coming yet to the party. They need to get some laws passed first as well as the new government in place to create the conditions favorable to investors. Nothing is happening until these things are done. I also believe the CBI will want to have its Article IV Consultation with the IMF to go over the banking system and directives since last year. In effect to make sure they have accomplished what was required before making any such transition. I remind people we had a member write the IMF on this matter and were told the consultation would not occur until after the formation of the new GOI. I hate to say it, but it seems obvious with the delayed formation of the government nothing will happen until at least next year with the currency. [post 1 of 2....stay tuned]
9-18-2018 Newshound/Intel Guru Mnt Goat Alalak talks about NEXT month...meaning October to do something with the paper notes. What is this action? I quote from the article he says “to compensate for the existing small categories damaged”. So he does specifically say to replace the EXISTING small categories meaning 50 250 and 500 notes.
9-18-2018 Intel Guru Frank26 ...I have told you for many months Abadi Will be the p.m. please do not ask me that question anymore simply tell the other gurus...they are wrong ...Thank you kindly.
9-18-2018 Newshound/Intel Guru Mnt Goat Press Conference quote: "...THE CENTRAL BANK HAS A FUTURE PLAN TO RESTRUCTURE THE IRAQI CURRENCY, INCLUDING THE DELETION OF ZEROS, but that plan needs deliberate steps, and a stable situation in order not to be exploited in the fraud and other." Alalak confirms that the CBI needs stability to continue with the project to delete the zeros. ...Do you think Iraq is now politically stable? If it were why wouldn’t Alalak just tell us it was stable and they were moving forward again with the project to delete the zeros...
9-18-2018 Intel/Newshound Guru tman23 I always said...news about lower denoms always came out end of Sept and start of Oct was chatter of lifting 3 zeros, this was from official sources...AND they said the only appropriate time to lift the zeros is at the start of the New Year...OH YES...LIFT ZEROS MEANS REMOVE THE CURRENCY FROM THE MARKET PLACE... AND THE EXCHANGE RATE...
9-18-2018 Newshound Guru Kaperoni This is not a RI...its a float meaning the dinar will rise to counter inflationary pressure created by an influx of investment capital. Nobody is coming yet to the party. They need to get some laws passed first as well as the new government in place to create the conditions favorable to investors. Nothing is happening until these things are done. I also believe the CBI will want to have its Article IV Consultation with the IMF to go over the banking system and directives since last year. In effect to make sure they have accomplished what was required before making any such transition. I remind people we had a member write the IMF on this matter and were told the consultation would not occur until after the formation of the new GOI. I hate to say it, but it seems obvious with the delayed formation of the government nothing will happen until at least next year with the currency. [post 1 of 2....stay tuned]
9-18-2018 Newshound/Intel Guru Mnt Goat Alalak talks about NEXT month...meaning October to do something with the paper notes. What is this action? I quote from the article he says “to compensate for the existing small categories damaged”. So he does specifically say to replace the EXISTING small categories meaning 50 250 and 500 notes.
9-18-2018 Intel Guru Frank26 ...I have told you for many months Abadi Will be the p.m. please do not ask me that question anymore simply tell the other gurus...they are wrong ...Thank you kindly.
9-18-2018 Newshound/Intel Guru Mnt Goat Press Conference quote: "...THE CENTRAL BANK HAS A FUTURE PLAN TO RESTRUCTURE THE IRAQI CURRENCY, INCLUDING THE DELETION OF ZEROS, but that plan needs deliberate steps, and a stable situation in order not to be exploited in the fraud and other." Alalak confirms that the CBI needs stability to continue with the project to delete the zeros. ...Do you think Iraq is now politically stable? If it were why wouldn’t Alalak just tell us it was stable and they were moving forward again with the project to delete the zeros...
9-18-2018 Intel/Newshound Guru tman23 I always said...news about lower denoms always came out end of Sept and start of Oct was chatter of lifting 3 zeros, this was from official sources...AND they said the only appropriate time to lift the zeros is at the start of the New Year...OH YES...LIFT ZEROS MEANS REMOVE THE CURRENCY FROM THE MARKET PLACE... AND THE EXCHANGE RATE...
9-17-2018 Intel Guru Delta ...they cannot introduce the lower denominations, unless the rate has to change. We do believe this is two events in one day. They might even show us a rate before they introduce all those lower denominations. And this is how the phase-out of the the 3 zeros will start. ...those lower denominations, they’re going to have more value. And of course those 3 zero notes are gonna have more value, because they’re going to reinstate their currency. I mean just think about it, this is a big deal. If this isn't the moment that the Central Bank told us, then why all this hype? Why all this advertisement for it? ...why would they print a lot of small group with no value? ...We’re really expecting them now, because now they’re overdue. The reinstatement of the Iraqi dinar is overdue... ...it’s going to happen in this month, or even if they take it to October, it’s not a problem. [post 2 of 2]
9-17-2018 Intel Guru Delta “The governor of the bank Ali al-Alaq said...: "The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones," noting that "these quantities will meet the need of the local market for those categories of currency." ...here’s the most important question a lot of people are asking: Are the small notes the 250 to 500? We do believe no. I don’t believe that’s the case because, where’s the logic behind them printing AGAIN the 250, 500? ...We do believe this [is] the small groups, not the 250, and 500, and 5000. We do believe that they’re going to be the 50, the 100, the 200, that they did talk about. Iraq is exactly telling us what they are going to do. That they have a plan to modernize the existing currency, the ones that they’ve got right now, and delete the zeros. So this is one event. [post 1 of 2....stay tuned]
9-17-2018 Newshound/Intel Guru Mnt Goat Quote: "The governor of the Central Bank, Ali Alaak, on Monday, the existence of a plan to delete zeros from the local currency, noting that "this plan needs to deliberate steps, so as not to be exploited in the fraud." ...just the fact that the CBI is now talking about this project again is good news to us. We see it was in fact halted in April 2018. Surprised? Like I keep saying the CBI is in charge of the reinstatement not some banks in the US.
9-17-2018 Intel Guru Bluwolf [via OOOTAH] "There Never Been A Delay", We are at a minute to minute!
9-17-2018 Intel Guru Frank26 ...In my opinion... because WE the United States of America are calling the shots...and it can even be proven now...because we the United States of America are telling them to seat the government...Are telling them when to pass laws...Because all of this is right in front of us. I am led strongly to believe the wording of NEXT MONTH... they’re talking about October! ...they’re going to introduce the new small notes and the coins. Next month… Article quote: “The Governor of the Central Bank said: The banks plans are to modernize the currency in circulation and the deletion of the zeros.” ...they will lift the 3 zeros from the exchange rate, because they’ve lifted as much of the 3 zeros from the streets that they could, physically. [post 2 of 2]
9-17-2018 Intel Guru Frank26 The sanctions that were put on the Iraqi dinar. The program rate. ...They’re expecting the exchange rate of the Iraqi dinar to be effected because of the resilience and the stability of the economic system. What more do you want...? ...To know the date. To know everything precisely the way you want it. Even though it’s right in front of your face...They don’t have a deficit! Their budget is ready to go! Their economy is in high gear! Their monetary system is secure! [post 1 of 2....stay tuned]
9-17-2018 Newshound Guru chattels Article: "Central Bank Governor for {morning}: cash reserve is close to $ 60 billion" Interesting article...Obviously the value of the dinar is the subject of some planning and discussion. What, if any, of the declarations of the CBI are reliable? What does it mean for our investment? Quotes: " ...it is not right to make changes under unstable conditions completely, ..."; " ...the central bank has a future plan for the restructuring of the Iraqi currency, including the deletion of zeros, but that plan needs to deliberate steps, and a stable situation completely in order not to exploit it in the acts of fraud and others."
9-17-2018 Intel Guru Delta “The governor of the bank Ali al-Alaq said...: "The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones," noting that "these quantities will meet the need of the local market for those categories of currency." ...here’s the most important question a lot of people are asking: Are the small notes the 250 to 500? We do believe no. I don’t believe that’s the case because, where’s the logic behind them printing AGAIN the 250, 500? ...We do believe this [is] the small groups, not the 250, and 500, and 5000. We do believe that they’re going to be the 50, the 100, the 200, that they did talk about. Iraq is exactly telling us what they are going to do. That they have a plan to modernize the existing currency, the ones that they’ve got right now, and delete the zeros. So this is one event. [post 1 of 2....stay tuned]
9-17-2018 Newshound/Intel Guru Mnt Goat Quote: "The governor of the Central Bank, Ali Alaak, on Monday, the existence of a plan to delete zeros from the local currency, noting that "this plan needs to deliberate steps, so as not to be exploited in the fraud." ...just the fact that the CBI is now talking about this project again is good news to us. We see it was in fact halted in April 2018. Surprised? Like I keep saying the CBI is in charge of the reinstatement not some banks in the US.
9-17-2018 Intel Guru Bluwolf [via OOOTAH] "There Never Been A Delay", We are at a minute to minute!
9-17-2018 Intel Guru Frank26 ...In my opinion... because WE the United States of America are calling the shots...and it can even be proven now...because we the United States of America are telling them to seat the government...Are telling them when to pass laws...Because all of this is right in front of us. I am led strongly to believe the wording of NEXT MONTH... they’re talking about October! ...they’re going to introduce the new small notes and the coins. Next month… Article quote: “The Governor of the Central Bank said: The banks plans are to modernize the currency in circulation and the deletion of the zeros.” ...they will lift the 3 zeros from the exchange rate, because they’ve lifted as much of the 3 zeros from the streets that they could, physically. [post 2 of 2]
9-17-2018 Intel Guru Frank26 The sanctions that were put on the Iraqi dinar. The program rate. ...They’re expecting the exchange rate of the Iraqi dinar to be effected because of the resilience and the stability of the economic system. What more do you want...? ...To know the date. To know everything precisely the way you want it. Even though it’s right in front of your face...They don’t have a deficit! Their budget is ready to go! Their economy is in high gear! Their monetary system is secure! [post 1 of 2....stay tuned]
9-17-2018 Newshound Guru chattels Article: "Central Bank Governor for {morning}: cash reserve is close to $ 60 billion" Interesting article...Obviously the value of the dinar is the subject of some planning and discussion. What, if any, of the declarations of the CBI are reliable? What does it mean for our investment? Quotes: " ...it is not right to make changes under unstable conditions completely, ..."; " ...the central bank has a future plan for the restructuring of the Iraqi currency, including the deletion of zeros, but that plan needs to deliberate steps, and a stable situation completely in order not to exploit it in the acts of fraud and others."
9-16-2018 Newshound Guru Kaperoni Apparently Adil Abdul-Mahdi withdraws his nomination to be PM. [reference Kaperoni and David M. Witty posts 9-16-2018]
9-16-2018 Newshound Guru Bloodloch In fact, I would think that the faster they finish (reach the equilibrium point) the sooner the Iraqi people can start to gain the benefits of an expanding economy and enjoy some serious increases in real purchasing power. At that point, the newly equalized exchange rate, as well as in-country purchasing power, should begin to climb in general unison over time. So what is this trigger event? It's not so much the what, as the how. And beyond that, I won't elaborate. No sense in stirring the pot right as the chef is about to announce that it's soup. We should all recognize it, as plain as the noses on our faces, when we see it. [post 2 of 2]
9-16-2018 Newshound Guru Bloodloch Once it begins (and it will become crystal clear what that "it" means when "it" happens), the velocity of money comes into play and, unless artificially restricted, I would not be surprised to see something quick, like a two month rise in the foreign exchange rate of the dinar to equal one dollar (the equilibrium point) assuming the change is unrestrictive and the Iraqis are left to their usual activities of working and selling and earning and banking and spending. It could take longer if they (the CBI) restrict the natural rate of growth although I'm not sure why exactly they would do that since the Project is a zero-sum purchasing power game from start to finish. [post 1 of 2....stay tuned]
9-16-2018 Newshound Guru Kaperoni As reported, if Adil Abdul-Mahdi is the next PM this is excellent news!
9-16-2018 Newshound Guru David M. Witty In Iraqi election news, Sairoon & Building coalitions agree on Adil Abdul-Mahdi as next PM.
9-16-2018 Newshound Guru Kaperoni [Is there any word on when that process will start?] Only an educated guess can be made based on the urgency to maintain compliance, encourage investment and begin rebuilding putting people back to work. We also know they cannot begin until the formation of the new government.
9-16-2018 Intel Guru Frank26 I PROMISED TO GO SILENT...BUT I FORGOT TO MENTION ...I DON'T CARE WHO THE PM IS ...ABADI... MAHADI... GANDHI …LOL...
9-16-2018 Newshound Guru Kirk H. Sowell So it is now officially over for Iraqi Prime Minister Hayder al-Abadi's reelection. This press conference last night was a concession speech in every sense. His reelection effort is over... this was the end of his effort to obtain a second term. Next, MPs have just now elected Muhammad al-Halbusi, currently Anbar governor, as the next speaker of parliament. This is breaking news. He belong's to Jamal al-Karbuli's al-Hal party.
9-16-2018 Newshound Guru Bloodloch In fact, I would think that the faster they finish (reach the equilibrium point) the sooner the Iraqi people can start to gain the benefits of an expanding economy and enjoy some serious increases in real purchasing power. At that point, the newly equalized exchange rate, as well as in-country purchasing power, should begin to climb in general unison over time. So what is this trigger event? It's not so much the what, as the how. And beyond that, I won't elaborate. No sense in stirring the pot right as the chef is about to announce that it's soup. We should all recognize it, as plain as the noses on our faces, when we see it. [post 2 of 2]
9-16-2018 Newshound Guru Bloodloch Once it begins (and it will become crystal clear what that "it" means when "it" happens), the velocity of money comes into play and, unless artificially restricted, I would not be surprised to see something quick, like a two month rise in the foreign exchange rate of the dinar to equal one dollar (the equilibrium point) assuming the change is unrestrictive and the Iraqis are left to their usual activities of working and selling and earning and banking and spending. It could take longer if they (the CBI) restrict the natural rate of growth although I'm not sure why exactly they would do that since the Project is a zero-sum purchasing power game from start to finish. [post 1 of 2....stay tuned]
9-16-2018 Newshound Guru Kaperoni As reported, if Adil Abdul-Mahdi is the next PM this is excellent news!
9-16-2018 Newshound Guru David M. Witty In Iraqi election news, Sairoon & Building coalitions agree on Adil Abdul-Mahdi as next PM.
9-16-2018 Newshound Guru Kaperoni [Is there any word on when that process will start?] Only an educated guess can be made based on the urgency to maintain compliance, encourage investment and begin rebuilding putting people back to work. We also know they cannot begin until the formation of the new government.
9-16-2018 Intel Guru Frank26 I PROMISED TO GO SILENT...BUT I FORGOT TO MENTION ...I DON'T CARE WHO THE PM IS ...ABADI... MAHADI... GANDHI …LOL...
9-16-2018 Newshound Guru Kirk H. Sowell So it is now officially over for Iraqi Prime Minister Hayder al-Abadi's reelection. This press conference last night was a concession speech in every sense. His reelection effort is over... this was the end of his effort to obtain a second term. Next, MPs have just now elected Muhammad al-Halbusi, currently Anbar governor, as the next speaker of parliament. This is breaking news. He belong's to Jamal al-Karbuli's al-Hal party.
9-15-2018 Newshound Guru Kaperoni …If your expecting some overnight event your mistaken. There are many experts that predict the dinar could take 6 months to a year to rise to a level equal with a dollar once they begin to float. Keep in mind it will be directly related to how fast foreign capital comes into the country through the cbi's capital account…
9-15-2018 Newshound/Intel Guru Mnt Goat Okay so once the prime minister is elected, they will have until mid Oct to get the reinstatement done. If they decide not to do it we may as well relax because we are waiting until EARLY 2019. I am telling you this now because I have knowledge of target dates already to get this done. I have a direct source in the CBI and we completed a recent long conversation over this issue of timing for the reinstatement. Again they reinforced to me that when we see the re-education process begin about the new smaller categories, this will be our signal they are going forward. If we don’t see it then we are in the window of 2019. [post 2 of 2]
9-15-2018 Newshound/Intel Guru Mnt Goat WOW! Mid Sept. already and still we wait for the formation of the new government. Didn’t I tell everyone that if they met a benchmark of July and did not form this government by then that they would stretch it out until September but I do not believe it will go beyond Sept. So once the new house speaker and president and deputies are elected then the next hurdle is to get the new nominee for the prime minister announced and voted on. [post 1 of 2....stay tuned]
9-15-2018 Newshound/Intel Guru Mnt Goat Okay so once the prime minister is elected, they will have until mid Oct to get the reinstatement done. If they decide not to do it we may as well relax because we are waiting until EARLY 2019. I am telling you this now because I have knowledge of target dates already to get this done. I have a direct source in the CBI and we completed a recent long conversation over this issue of timing for the reinstatement. Again they reinforced to me that when we see the re-education process begin about the new smaller categories, this will be our signal they are going forward. If we don’t see it then we are in the window of 2019. [post 2 of 2]
9-15-2018 Newshound/Intel Guru Mnt Goat WOW! Mid Sept. already and still we wait for the formation of the new government. Didn’t I tell everyone that if they met a benchmark of July and did not form this government by then that they would stretch it out until September but I do not believe it will go beyond Sept. So once the new house speaker and president and deputies are elected then the next hurdle is to get the new nominee for the prime minister announced and voted on. [post 1 of 2....stay tuned]
9-14-2018 Newshound Guru Kaperoni Another reason is the CBI wants to end the daily currency auctions. To do so, they must have an alternative to generate revenue. The CBI profits from the buying/selling of currency. And lastly because the IMF said so. Despite what the gurus say the IMF made it very clear..."staff encourages the authorities to create the conditions which would make possible a move to a more flexible...exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect”…The IMF is clearly talking about a float…
9-14-2018 Newshound Guru Kaperoni The CBI is reprinting some denomination including the 250, 500, 1000 dinar as many are worn out from years of neglect. Has nothing to do with RV or RI as gurus would like you to think. Why won't the CBI RV or RI the Iraqi dinar? The primary reason is the CBI needs a tool to counter inflationary pressure created by a large influx of investment capital. As already announced by the CBI the dinar will be globally traded. It must float. The world sets a countries currency value. Supply and demand. [Post 1 of 2]
9-14-2018 Newshound Guru Mnt Goat Is the market place now ready for these lower, lower category notes? Well maybe so since the CBI finally had the ATMs ready and the payouts from the government is essentially all now digital electronic debit cards. Also we know that in doing these measures the CBI has shrunk the tangible money in circulation by nearly 2/3, which incidentally was on the list of objectives for the project to delete the zeros I read in 2011. ...if you look at the overall situation in Iraq and the plan to move the economy forward, I don’t see why they have not yet done the REINSTATEMENT by now. It is well overdue. [post 2 of 2]
9-14-2018 Newshound Guru Mnt Goat ...We have been told the rollout will be very slow and gradual as the economy adjust for inflation. As the economy adjust that even more lower, lower categories will be launched. For instance: we know that in early 2016 the CBI fully intended to launch the 100 notes. They did not launch the 100 category notes due to the decision that the “market place was not yet ready”. Later we also find out they cancelled the project to delete the zeros final stages that we are looking for (that coincides with the reinstatement of the currency). Remember in March of 2015 the CBI told us they had gotten the “green light” to go ahead with it. [post 1 of 2....stay tuned]
9-14-2018 Newshound Guru Kaperoni "Breaking: While PM Haider Al-Abadi gave (Apparently) farewell speech to his office, Moqtada Sadr announced an agreement to nomination "independent & technocrats” candidates for the new #Iraqi Prime Minister position" Does not look like current PM Abadi will be nominated for another term.
9-14-2018 Intel Guru Frank26 ...Look what Abadi says...the dinar, that is marked Specimen, is leaving Iraq. And Abadi is telling all of these neighboring countries, we’re cool with your currency, if you’re cool with ours. ...Abadi says the following: “I will not insist on a specific site and insist to serve the country. We welcome the existence of any cooperation between us and neighboring countries in the field of local currencies, and we do not want global domination that controls the economies of countries" Now what does that mean? Yes we’re going to swap. And yes, we’re sending our currency out to you. And yes, we’re going through a reinstatement of our currency. We can send you our currency. It’s about to be globally recognized. It’s about to enter Article 8. We’re going to introduce our lower denominations too. We’re not going to have just one controlling currency anymore, like the American dollar. No more...This is as obvious as it gets. [post 2 of 2]
9-14-2018 Intel Guru Frank26 [via Sunkissed] Article quote: “We welcome the existence of any cooperation between us and neighboring countries in the field of local currencies” ...in our opinion, the lower denoms with a Specimen mark on them are leaving the borders of Iraq...in our opinion, we see the physical lower denom, marked Specimen, from the East to the West in many banks...why is it being sent to banks Frank? Because this is the currency that will be used in buying and selling and trading on a Global scale. The small notes are going to stay INSIDE the country, because there will be a rate change; along with the coins. And those belong to the citizens. They do not belong to the Global Market. [post 1 of 2....stay tuned]
9-14-2018 Newshound Guru Kaperoni The CBI is reprinting some denomination including the 250, 500, 1000 dinar as many are worn out from years of neglect. Has nothing to do with RV or RI as gurus would like you to think. Why won't the CBI RV or RI the Iraqi dinar? The primary reason is the CBI needs a tool to counter inflationary pressure created by a large influx of investment capital. As already announced by the CBI the dinar will be globally traded. It must float. The world sets a countries currency value. Supply and demand. [Post 1 of 2]
9-14-2018 Newshound Guru Mnt Goat Is the market place now ready for these lower, lower category notes? Well maybe so since the CBI finally had the ATMs ready and the payouts from the government is essentially all now digital electronic debit cards. Also we know that in doing these measures the CBI has shrunk the tangible money in circulation by nearly 2/3, which incidentally was on the list of objectives for the project to delete the zeros I read in 2011. ...if you look at the overall situation in Iraq and the plan to move the economy forward, I don’t see why they have not yet done the REINSTATEMENT by now. It is well overdue. [post 2 of 2]
9-14-2018 Newshound Guru Mnt Goat ...We have been told the rollout will be very slow and gradual as the economy adjust for inflation. As the economy adjust that even more lower, lower categories will be launched. For instance: we know that in early 2016 the CBI fully intended to launch the 100 notes. They did not launch the 100 category notes due to the decision that the “market place was not yet ready”. Later we also find out they cancelled the project to delete the zeros final stages that we are looking for (that coincides with the reinstatement of the currency). Remember in March of 2015 the CBI told us they had gotten the “green light” to go ahead with it. [post 1 of 2....stay tuned]
9-14-2018 Newshound Guru Kaperoni "Breaking: While PM Haider Al-Abadi gave (Apparently) farewell speech to his office, Moqtada Sadr announced an agreement to nomination "independent & technocrats” candidates for the new #Iraqi Prime Minister position" Does not look like current PM Abadi will be nominated for another term.
9-14-2018 Intel Guru Frank26 ...Look what Abadi says...the dinar, that is marked Specimen, is leaving Iraq. And Abadi is telling all of these neighboring countries, we’re cool with your currency, if you’re cool with ours. ...Abadi says the following: “I will not insist on a specific site and insist to serve the country. We welcome the existence of any cooperation between us and neighboring countries in the field of local currencies, and we do not want global domination that controls the economies of countries" Now what does that mean? Yes we’re going to swap. And yes, we’re sending our currency out to you. And yes, we’re going through a reinstatement of our currency. We can send you our currency. It’s about to be globally recognized. It’s about to enter Article 8. We’re going to introduce our lower denominations too. We’re not going to have just one controlling currency anymore, like the American dollar. No more...This is as obvious as it gets. [post 2 of 2]
9-14-2018 Intel Guru Frank26 [via Sunkissed] Article quote: “We welcome the existence of any cooperation between us and neighboring countries in the field of local currencies” ...in our opinion, the lower denoms with a Specimen mark on them are leaving the borders of Iraq...in our opinion, we see the physical lower denom, marked Specimen, from the East to the West in many banks...why is it being sent to banks Frank? Because this is the currency that will be used in buying and selling and trading on a Global scale. The small notes are going to stay INSIDE the country, because there will be a rate change; along with the coins. And those belong to the citizens. They do not belong to the Global Market. [post 1 of 2....stay tuned]
9-13-2018 Intel Guru Delta Article quote: "STRENGTHEN THE CURRENCY AND THE IRAQI DINAR AT THE PRESENT TIME" YOU DON'T STRENGTHEN THE IRAQI DINAR BY PRINTING MORE MONEY...BY INCREASING THE VALUE...IT WILL BE ONE EVENT..(Big Smile)
9-13-2018 Newshound Guru Kirk H. Sowell Not an explicit withdrawal, but Abadi appears to preparing the way for a face-saving end to his reelection campaign, framing it as responding to clerical authorities.
9-13-2018 Newshound Guru Kaperoni Lots of great banking news today coming out. EU lifts banking restrictions on CBI. Another article states the CBI will activate Paypal services.
9-13-2018 Newshound Guru Adam Montana Closely related in the “coming soon” category is the Prime Minister position. We still stand a chance to see Abadi continue in that role, which is something that would have me hopping on the edge of my seat! Article: "Urgent: Mr. Sadr and Amiri agree to submit a candidate for prime minister according to the specifications of the reference" I think Abadi is fighting harder than he is letting on to keep his spot. And I like it. The waiting game is tough, but as long as we are seeing progress - there’s no need to fret...we can see that things ARE moving forward... [post 2 of 2]
9-13-2018 Newshound Guru Adam Montana ...we had an exciting weekend...potential for major HCL news...it didn’t end up happening, but you know the adage - where there is smoke, there is fire. This IS on the horizon! Article quote: "The Federal Supreme Court on Wednesday postponed adjournment of appeals on the unconstitutionality of articles in the Iraqi National Oil Company Law No. (4) of 2018 to the third of next month" [post 1 of 2....stay tuned]
9-13-2018 Intel Guru ADMINBILL As for the event we have been waiting for I do not believe we are there yet. Still processing...the RV is still slowly grinding through.
9-13-2018 Newshound Guru Currency365 Iraqi Central Bank's march over last four years proved that it is proceeding steadily to achieve stated goals. This proves that Iraq has gone out of the monitoring & follow-up area to regular follow-up area every two years, like other banks in the world according to FATF... #breakingnews... European Union officially announced exit of Central Bank Iraq from list of sanctions!!! Publication in official newspaper European Union. The prohibition of dealing with a group of institutions Financial and non-financial Iraqi, including the Central Bank of Iraq.
9-13-2018 Newshound Guru MilitiaMan The two neighbors are going to be shocked when Iraq re-instates the IQD and especially if she becomes her former GLORY! Think the impact to them is going to be shocking? lol I sure do, as it will be for us and in a huge way. A good thing for us. Not so for the Regimes in charge of those two countries, imo. The citizens of them are going to be oh so ticked off and most likely jealous to boot. A mix that may prove to be very hard for the Regimes in charge to deal with...Not only is the exchange rate going to be mind blowing to/for them, imo, it will be even more damaging, as they have to use Euros to trade.. lol Tack on another 15 - 20%. over the USD they no longer can use...imo. [post 2 of 2]
9-13-2018 Newshound Guru MilitiaMan Article: "Indicators of economic resilience and stability in the monetary system" The thing that grabs my eye is the use of the word shock(s) in respect to exchange rate. They use is it in many forms either; internally, externally, economically and or politically. The part that is clearly important for one to look (imo) at is the reference to economic shocks. ...They clearly state that Iran and Turkey are not going to be a problem having sanctions on them presently, as they were apparently included in the analysis with the likes of FATF and 2018 GFR!! Take note what shocks to a currency are about. "The impact on domestic financial markets and real economic activity from drastic and sudden changes in a currency's value on world markets." Now if that doesn't rock ones world, I am not sure anything will... lol. [post 1 of 2....stay tuned]
9-13-2018 Newshound Guru Kirk H. Sowell Not an explicit withdrawal, but Abadi appears to preparing the way for a face-saving end to his reelection campaign, framing it as responding to clerical authorities.
9-13-2018 Newshound Guru Kaperoni Lots of great banking news today coming out. EU lifts banking restrictions on CBI. Another article states the CBI will activate Paypal services.
9-13-2018 Newshound Guru Adam Montana Closely related in the “coming soon” category is the Prime Minister position. We still stand a chance to see Abadi continue in that role, which is something that would have me hopping on the edge of my seat! Article: "Urgent: Mr. Sadr and Amiri agree to submit a candidate for prime minister according to the specifications of the reference" I think Abadi is fighting harder than he is letting on to keep his spot. And I like it. The waiting game is tough, but as long as we are seeing progress - there’s no need to fret...we can see that things ARE moving forward... [post 2 of 2]
9-13-2018 Newshound Guru Adam Montana ...we had an exciting weekend...potential for major HCL news...it didn’t end up happening, but you know the adage - where there is smoke, there is fire. This IS on the horizon! Article quote: "The Federal Supreme Court on Wednesday postponed adjournment of appeals on the unconstitutionality of articles in the Iraqi National Oil Company Law No. (4) of 2018 to the third of next month" [post 1 of 2....stay tuned]
9-13-2018 Intel Guru ADMINBILL As for the event we have been waiting for I do not believe we are there yet. Still processing...the RV is still slowly grinding through.
9-13-2018 Newshound Guru Currency365 Iraqi Central Bank's march over last four years proved that it is proceeding steadily to achieve stated goals. This proves that Iraq has gone out of the monitoring & follow-up area to regular follow-up area every two years, like other banks in the world according to FATF... #breakingnews... European Union officially announced exit of Central Bank Iraq from list of sanctions!!! Publication in official newspaper European Union. The prohibition of dealing with a group of institutions Financial and non-financial Iraqi, including the Central Bank of Iraq.
9-13-2018 Newshound Guru MilitiaMan The two neighbors are going to be shocked when Iraq re-instates the IQD and especially if she becomes her former GLORY! Think the impact to them is going to be shocking? lol I sure do, as it will be for us and in a huge way. A good thing for us. Not so for the Regimes in charge of those two countries, imo. The citizens of them are going to be oh so ticked off and most likely jealous to boot. A mix that may prove to be very hard for the Regimes in charge to deal with...Not only is the exchange rate going to be mind blowing to/for them, imo, it will be even more damaging, as they have to use Euros to trade.. lol Tack on another 15 - 20%. over the USD they no longer can use...imo. [post 2 of 2]
9-13-2018 Newshound Guru MilitiaMan Article: "Indicators of economic resilience and stability in the monetary system" The thing that grabs my eye is the use of the word shock(s) in respect to exchange rate. They use is it in many forms either; internally, externally, economically and or politically. The part that is clearly important for one to look (imo) at is the reference to economic shocks. ...They clearly state that Iran and Turkey are not going to be a problem having sanctions on them presently, as they were apparently included in the analysis with the likes of FATF and 2018 GFR!! Take note what shocks to a currency are about. "The impact on domestic financial markets and real economic activity from drastic and sudden changes in a currency's value on world markets." Now if that doesn't rock ones world, I am not sure anything will... lol. [post 1 of 2....stay tuned]
9-12-2018 Guest Guru BobTheTaxMan …we’ve had this huge burst of growth here in America…These tax laws have been the pinnacle as far as I’m concerned, the reason why we are seeing so much change in our world of finance for America…is really based entirely on the taxes…the new 2018 taxes is a true blessing for those of us who have dinar.
9-12-2018 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones," noting that "these quantities will meet the need of the local market for those categories of currency." So today we seem to have some WOW news. This news is all about the Central Bank of Iraq announcing its intention to issue large amounts of local currency, with small categories. But the excitement is not that they are launching the lower denominations and thus an RV. Instead they are simply saying they are replacing damaged notes as they are taking in by the banks.
9-12-2018 Intel Guru Frank26 [via Clare] A New Era!!! In Position!! Beauty of what's going on...it's happening...Masterful...Seating of GOI completely, will allow HCL...ISX in position, so is Government to pass HCL...all in position/USA picked their Government...Iran Influence running away...
9-12-2018 Intel Guru Bruce We are at the point right now we got 3 more things that Iraq needs to do...Number 1 Prime Minister Abadi should be reappointed as Prime Minister. That fact be made known somehow overnight or tonight. We also want the HCL, Oil and Gas Law, should be activated and they should be paying out a very large amount of to the citizens with that activation. We understand that is something would be done here soon, fairly quickly. The final thing is the reinstatement which we think is already happening for the dinar. Also we have the revaluation. We have timetables for that and it looks very near...Let’s just say that people should be paying attention the next day or so what could be happening... The operational word is could. We are hearing some very good things. We will see what happens. [post 2 of 2]
9-12-2018 Intel Guru Bruce [via PinkRoses] ...What is holding this up? ...there always seems there has been one more thing. It doesn’t mean necessarily anything has held it up. It just means the process is more involved and deeper process and more to do than we had thought...and there is just so much information we get of the totality of the process...We know we are at the point the last of the things we believe are necessary to happen are happening. That is really good. WE can tell the progress that is being made in a lot of areas...Iraq is getting it done... [post 1 of 2....stay tuned]
9-12-2018 Intel Guru Delta Article quote: "The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones," noting that "these quantities will meet the need of the local market for those categories of currency." ...A LOT OF THE THEM...SMALL NOTES...THIS IS HOW WILL GET ALL 3 ZERO NOTES FROM IRAQI...BRILLIANT PLAN...
9-12-2018 Newshound Guru tlm724 Article: "The central poses large amounts of small currency" Will be interesting to see how "Small" the notes are but I suspect they are the 250 and 500 dinar notes that the CBI Director of Financial Operations talked about replacing.
9-12-2018 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones," noting that "these quantities will meet the need of the local market for those categories of currency." So today we seem to have some WOW news. This news is all about the Central Bank of Iraq announcing its intention to issue large amounts of local currency, with small categories. But the excitement is not that they are launching the lower denominations and thus an RV. Instead they are simply saying they are replacing damaged notes as they are taking in by the banks.
9-12-2018 Intel Guru Frank26 [via Clare] A New Era!!! In Position!! Beauty of what's going on...it's happening...Masterful...Seating of GOI completely, will allow HCL...ISX in position, so is Government to pass HCL...all in position/USA picked their Government...Iran Influence running away...
9-12-2018 Intel Guru Bruce We are at the point right now we got 3 more things that Iraq needs to do...Number 1 Prime Minister Abadi should be reappointed as Prime Minister. That fact be made known somehow overnight or tonight. We also want the HCL, Oil and Gas Law, should be activated and they should be paying out a very large amount of to the citizens with that activation. We understand that is something would be done here soon, fairly quickly. The final thing is the reinstatement which we think is already happening for the dinar. Also we have the revaluation. We have timetables for that and it looks very near...Let’s just say that people should be paying attention the next day or so what could be happening... The operational word is could. We are hearing some very good things. We will see what happens. [post 2 of 2]
9-12-2018 Intel Guru Bruce [via PinkRoses] ...What is holding this up? ...there always seems there has been one more thing. It doesn’t mean necessarily anything has held it up. It just means the process is more involved and deeper process and more to do than we had thought...and there is just so much information we get of the totality of the process...We know we are at the point the last of the things we believe are necessary to happen are happening. That is really good. WE can tell the progress that is being made in a lot of areas...Iraq is getting it done... [post 1 of 2....stay tuned]
9-12-2018 Intel Guru Delta Article quote: "The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones," noting that "these quantities will meet the need of the local market for those categories of currency." ...A LOT OF THE THEM...SMALL NOTES...THIS IS HOW WILL GET ALL 3 ZERO NOTES FROM IRAQI...BRILLIANT PLAN...
9-12-2018 Newshound Guru tlm724 Article: "The central poses large amounts of small currency" Will be interesting to see how "Small" the notes are but I suspect they are the 250 and 500 dinar notes that the CBI Director of Financial Operations talked about replacing.
9-11-2018 Intel Guru Delta ...CBI TOLD US WHAT THEY ARE GOING TO DO...Quotes: "Governor of the Central Bank...the Bank 's plan to modernize the currency in circulation and the deletion of zeros." "The Central Bank of Iraq announced its intention to raise large amounts of local currency, with small categories, while continuing to receive the damaged currency from the citizens and replace it with new." IT'S ONE EVENT. (Wink) ...IT'S...DONE...
9-11-2018 Newshound/Intel Guru Walkingstick [via Clare] 1) Seating of Government with largest block, no way Iran or corruption can interfere. Sadar & Abadi...Full Control... 2) Initiation of HCL...rate doesn't matter... just the fact that it's in position... 3) ISX & ESX are positioned internationally...IMF has things in place to prevent a run on ISX @ PR...the pairing of the 127 countries caused international movement & was successful... Every Central Bank that saw the pairing KNOWS what it means! 4) Leaving of Specimen marked LD's... international movement of their currency (left boarders of Iraq, showing up...Thailand & all over the planet, East to West)...
9-11-2018 Intel Guru Frank26 Importance of GOI to pass HCL to succeed with the Citizens who will automatically get opened bank accounts... for all Iraq's Citizens from 16 and up... paid electronically according to National Oil Law...inside & outside Iraq...Brilliant USA!!! Game On! POTUS & Abadi are meeting Sept. 13th in Washington (something's on T's desk)...& 25th @ UN...ALL IN POSITION: GOI...ISX...SPECIMENS...HCL...IMO. [post 2 of 2]
9-11-2018 Intel Guru Frank26 [via Clare] POTUS, Demanding Now: 1) HCL -which has to have seated Gov. (to get HCL) 2) RI of IQD. BIS getting ready to announce change in IQD Rate... CBI & BIS, will both do same action at same time... 90% of all money in foreign banks put there illegally...all coming back...all assets...Economic reform that depends on RI will Explode...Reasons of RI: 1) To be International/ Art 8/ trade with own currency... 2) To give Citizens more Purchasing Power 3) To run GOI with International Confidence...take their currency seriously... they continue to collect the worn notes & LD's ....replace with small notes & coins...RI MUST NOT FAIL. [post 1 of 2....stay tuned]
9-11-2018 Newshound Guru David M. Witty In Iraqi election news, main religious authority Sistani issues statement on next PM. Says he does not support any politicians who have been in power in previous years as people will not have hope they can improve situation in Iraq.
9-11-2018 Newshound/Intel Guru Mnt Goat What we want are the real lower category notes such as the 100, 50 and 25 and coins. We know that these lower category notes are to be slowly launched, as needed. How long will it take? We don’t know and I don’t think Iraq even knows. Yes, it a good sign they are NOT going backwards and issuing more 25k, 10k and 5k notes. ...Now having said all this can the CBI slip in a couple of the newer lower category notes NOT yet launched and thus come out with a new rate much higher than it is today? Yes, yes, yes and this is VERY possible too. But it does not say this directly and list them out so we don’t know for sure. Let’s just wait it out and see. This might get interesting... [post 2 of 2]
9-11-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAQ INTENDS NEXT MONTH, TO PUT LARGE AMOUNTS OF LOCAL CURRENCY, SMALL GROUPS" So what does this article mean to us? Is this the “project to delete the zeros? Well kind of...It is the very first stages of it but this is not new news. These are just replacements notes of the ones already issued. ...It is NOT what we would expect as the next move since these notes are the smaller categories they keep talking about such as the 250, and 500 dinar notes...This is just replacement of these notes... [post 1 of 2....stay tuned]
9-11-2018 Newshound Guru MilitiaMan BISX~ What a heck of a time to become like the big boyz...? Today this came out for the BISX investors that have present accounts. They have/are upgrading the system.. This notification to investors speaks that they are going to go live electronically, whereas, today it is an antiquated system that needs parchment and quill, so to speak. ...Now keep in mind this came out today and it came from a friend that has an account whom I verified it personally with who explained how it works today. Well this shows that is about to change. It comes out the day before a holiday [9-11-2018, Islamic New Year]. Fascinating... oh ya.
9-11-2018 Newshound/Intel Guru Walkingstick [via Clare] 1) Seating of Government with largest block, no way Iran or corruption can interfere. Sadar & Abadi...Full Control... 2) Initiation of HCL...rate doesn't matter... just the fact that it's in position... 3) ISX & ESX are positioned internationally...IMF has things in place to prevent a run on ISX @ PR...the pairing of the 127 countries caused international movement & was successful... Every Central Bank that saw the pairing KNOWS what it means! 4) Leaving of Specimen marked LD's... international movement of their currency (left boarders of Iraq, showing up...Thailand & all over the planet, East to West)...
9-11-2018 Intel Guru Frank26 Importance of GOI to pass HCL to succeed with the Citizens who will automatically get opened bank accounts... for all Iraq's Citizens from 16 and up... paid electronically according to National Oil Law...inside & outside Iraq...Brilliant USA!!! Game On! POTUS & Abadi are meeting Sept. 13th in Washington (something's on T's desk)...& 25th @ UN...ALL IN POSITION: GOI...ISX...SPECIMENS...HCL...IMO. [post 2 of 2]
9-11-2018 Intel Guru Frank26 [via Clare] POTUS, Demanding Now: 1) HCL -which has to have seated Gov. (to get HCL) 2) RI of IQD. BIS getting ready to announce change in IQD Rate... CBI & BIS, will both do same action at same time... 90% of all money in foreign banks put there illegally...all coming back...all assets...Economic reform that depends on RI will Explode...Reasons of RI: 1) To be International/ Art 8/ trade with own currency... 2) To give Citizens more Purchasing Power 3) To run GOI with International Confidence...take their currency seriously... they continue to collect the worn notes & LD's ....replace with small notes & coins...RI MUST NOT FAIL. [post 1 of 2....stay tuned]
9-11-2018 Newshound Guru David M. Witty In Iraqi election news, main religious authority Sistani issues statement on next PM. Says he does not support any politicians who have been in power in previous years as people will not have hope they can improve situation in Iraq.
9-11-2018 Newshound/Intel Guru Mnt Goat What we want are the real lower category notes such as the 100, 50 and 25 and coins. We know that these lower category notes are to be slowly launched, as needed. How long will it take? We don’t know and I don’t think Iraq even knows. Yes, it a good sign they are NOT going backwards and issuing more 25k, 10k and 5k notes. ...Now having said all this can the CBI slip in a couple of the newer lower category notes NOT yet launched and thus come out with a new rate much higher than it is today? Yes, yes, yes and this is VERY possible too. But it does not say this directly and list them out so we don’t know for sure. Let’s just wait it out and see. This might get interesting... [post 2 of 2]
9-11-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAQ INTENDS NEXT MONTH, TO PUT LARGE AMOUNTS OF LOCAL CURRENCY, SMALL GROUPS" So what does this article mean to us? Is this the “project to delete the zeros? Well kind of...It is the very first stages of it but this is not new news. These are just replacements notes of the ones already issued. ...It is NOT what we would expect as the next move since these notes are the smaller categories they keep talking about such as the 250, and 500 dinar notes...This is just replacement of these notes... [post 1 of 2....stay tuned]
9-11-2018 Newshound Guru MilitiaMan BISX~ What a heck of a time to become like the big boyz...? Today this came out for the BISX investors that have present accounts. They have/are upgrading the system.. This notification to investors speaks that they are going to go live electronically, whereas, today it is an antiquated system that needs parchment and quill, so to speak. ...Now keep in mind this came out today and it came from a friend that has an account whom I verified it personally with who explained how it works today. Well this shows that is about to change. It comes out the day before a holiday [9-11-2018, Islamic New Year]. Fascinating... oh ya.
9-10-2018 Newshound/Intel Guru BGG Article: "The Central (Bank) poses large amounts of small currency" Quote: "The Central Bank of Iraq intends next month, to put large amounts of local currency, small groups, while continuing to receive the currency damaged by citizens and replace it (with) New." First bit of really good news in a while!!
9-10-2018 Newshound/Intel Guru Mnt Goat September 15th is just around the corner and we know this is a target date to get this largest bloc issue settled so they can move ahead again in forming the government. Iraq is experiencing a political struggle to form the largest bloc between an alliance led by "Nuri al-Maliki - Hadi al-Ameri" and the name of the news and supported by Iran in the face of the coalition, "reconstruction and reform," led by Moqtada al-Sadr - Haider Abadi. The leader of the coalition of victory and Iraqi Prime Minister Haider al-Abadi, supported by the United States of America, so in light of the resolve of the Shiite and Sunni forces, their position of the largest bloc has become the decision of the Kurds in ending the controversy of the largest bloc and the weight of Iran or America to the post of prime minister of Iraq.
9-10-2018 Newshound Guru Bobby The people of Iraq are speaking and they are speaking with a voice of reason. They, just like us, are tired of the status quo and that right there is our hope. We have 1 somewhat stable stability and that's the CBI, which still has some work to do towards financial inclusion. If Iraq gets it's act together politically and starts supporting in full The National Development Plan, that's when you should start getting excited... [post 3 of 3]
9-10-2018 Newshound Guru Bobby Because they have NO economy aside from oil. We saw...an article ...that gave us numbers still in the upper 80's as far as oil dependent revenue. Once those numbers get to a much better ratio of let's say 60/40, we may have a chance...I throw those numbers out there because I have read the IMF SBA's, the National Development Plan, the Reconstruction and Investment Plan and International Institutional studies on Iraq's economy. It really is that simple. My suggestion ...let Iraq form it's GOI, hopefully an inclusive one, and then we watch what direction they will go. [post 2 of 3....stay tuned]
9-10-2018 Newshound Guru Bobby ...as far as adding value to the IQD? ...I'm seeing a lot of talk about this very important subject that is dear to all of us...If you fail to read the news about what Iraq is telling us outside of the political mouthpieces, you will always think "just add value and everything will be ok" That thought will get you nowhere... If Iraq were to put the IQD on the Forex market right now, they could neither support and sustain a value of 1190, or on a 1:1 par with the USD... PERIOD. Now some may say well Vietnam does it at what 20,000 to 1? Apples and oranges my friends. Just like comparing currency values thru trade and bilateral agreements have zero to do with a currency's value between country's...Iraq would go belly up if they even tried to put the IQD on the Forex market at this point. Why do I say that? [post 1 of 3....stay tuned]
9-10-2018 Newshound Guru MilitiaMan Article: "Central reserves amounted to $59 billion and 96 tons went gold" This article is full of Bragging Rights...to show where they are. Their bag of goodies is full. This year alone they increased their reserves somewhere in the tune of 10 billion Dollars, additional bonds from China and Islamic Banks and 6.5 additional Tonnes of Gold. They talk of contracts with Ernst & Young. Bragging about being the first in the region with SWIFT and that the are internationally compliant. Compliant with international remittances... Well they will need to pay the citizens abroad the HCL( Think Somo [State Organization for Marketing of Oil] ) by such means now won't they? Yep...All in time... imo.
9-10-2018 Intel Guru RayRen98 A BANK SOURCE THINKS WE WILL BE EXCHANGING ON MONDAY, B BANK SOURCE SAYS THEY HAVE NOT HEARD THAT...TIME WILL TELL. THE NEWLY ANNOUNCED E-CARD BY THE CBI "SUPPOSEDLY" WILL HAVE A NEW RATE - TIME WILL TELL.
9-10-2018 Newshound/Intel Guru Mnt Goat September 15th is just around the corner and we know this is a target date to get this largest bloc issue settled so they can move ahead again in forming the government. Iraq is experiencing a political struggle to form the largest bloc between an alliance led by "Nuri al-Maliki - Hadi al-Ameri" and the name of the news and supported by Iran in the face of the coalition, "reconstruction and reform," led by Moqtada al-Sadr - Haider Abadi. The leader of the coalition of victory and Iraqi Prime Minister Haider al-Abadi, supported by the United States of America, so in light of the resolve of the Shiite and Sunni forces, their position of the largest bloc has become the decision of the Kurds in ending the controversy of the largest bloc and the weight of Iran or America to the post of prime minister of Iraq.
9-10-2018 Newshound Guru Bobby The people of Iraq are speaking and they are speaking with a voice of reason. They, just like us, are tired of the status quo and that right there is our hope. We have 1 somewhat stable stability and that's the CBI, which still has some work to do towards financial inclusion. If Iraq gets it's act together politically and starts supporting in full The National Development Plan, that's when you should start getting excited... [post 3 of 3]
9-10-2018 Newshound Guru Bobby Because they have NO economy aside from oil. We saw...an article ...that gave us numbers still in the upper 80's as far as oil dependent revenue. Once those numbers get to a much better ratio of let's say 60/40, we may have a chance...I throw those numbers out there because I have read the IMF SBA's, the National Development Plan, the Reconstruction and Investment Plan and International Institutional studies on Iraq's economy. It really is that simple. My suggestion ...let Iraq form it's GOI, hopefully an inclusive one, and then we watch what direction they will go. [post 2 of 3....stay tuned]
9-10-2018 Newshound Guru Bobby ...as far as adding value to the IQD? ...I'm seeing a lot of talk about this very important subject that is dear to all of us...If you fail to read the news about what Iraq is telling us outside of the political mouthpieces, you will always think "just add value and everything will be ok" That thought will get you nowhere... If Iraq were to put the IQD on the Forex market right now, they could neither support and sustain a value of 1190, or on a 1:1 par with the USD... PERIOD. Now some may say well Vietnam does it at what 20,000 to 1? Apples and oranges my friends. Just like comparing currency values thru trade and bilateral agreements have zero to do with a currency's value between country's...Iraq would go belly up if they even tried to put the IQD on the Forex market at this point. Why do I say that? [post 1 of 3....stay tuned]
9-10-2018 Newshound Guru MilitiaMan Article: "Central reserves amounted to $59 billion and 96 tons went gold" This article is full of Bragging Rights...to show where they are. Their bag of goodies is full. This year alone they increased their reserves somewhere in the tune of 10 billion Dollars, additional bonds from China and Islamic Banks and 6.5 additional Tonnes of Gold. They talk of contracts with Ernst & Young. Bragging about being the first in the region with SWIFT and that the are internationally compliant. Compliant with international remittances... Well they will need to pay the citizens abroad the HCL( Think Somo [State Organization for Marketing of Oil] ) by such means now won't they? Yep...All in time... imo.
9-10-2018 Intel Guru RayRen98 A BANK SOURCE THINKS WE WILL BE EXCHANGING ON MONDAY, B BANK SOURCE SAYS THEY HAVE NOT HEARD THAT...TIME WILL TELL. THE NEWLY ANNOUNCED E-CARD BY THE CBI "SUPPOSEDLY" WILL HAVE A NEW RATE - TIME WILL TELL.
9-9-2018 Newshound/Intel Guru Mnt Goat 3. Article 140 - this was promised by PM Abadi during the last election of 2014. It was also promised during the 2010 election by Nori al-Maliki and neither delivered on it. This was of course a major blunder on the part of PM Abadi 2014-2018 for, if he did deliver, there would be no further discussions and the Kurds would side with the Sadr Movement as they could then feel they could trust and move forward. So...all three of these needed points are not yet implemented or guaranteed. [post 3 of 3]
9-9-2018 Newshound/Intel Guru Mnt Goat 2. Iraq must now get rid of the Iranian militias and drastically reduce the political influence of the Iran over Iraq, This is a new requirement and should never had been an issue had it not been for the ISIS invasion, which by the way was a way for the Iranian backed puppet Nori al-Maliki to get the Iranian Kud forces inside Iraq...This now stands as a major SECURITY breach by the US on the sovereignty of Iraq. The US will NEVER giver permission to RV with these Iranian forces in place in Iraq especially with the Trump administration; [post 2 of 3....stay tuned]
9-9-2018 Newshound/Intel Guru Mnt Goat ...there are three main issues yet to resolve prior to the RV. 1. HCL - So the HCL law was finally written to satisfaction and passed. There were many parts to it over the years. Now they must pay out a % excess oil revenues to the citizens (a law was passed in parliament...supposed to begin as of Sept 5th). Do they need to pay out prior to the reinstatement permission. YES, YES and YES again. Is this not a constitutional requirement? Well then...??? ; [post 1 of 3....stay tuned]
9-9-2018 Newshound Guru Currency365 Abadi would not have to ask trump for an emergency government if he had listen the first time to Trump...TURN ON YOUR CURRENCY, RELEASE YOUR SMALL NOTES, ADD PURCHASING POWER, AND RELEASE THE OIL REVENUES TO THE CITIZENS, OPEN ALL BUDGETS SINCE 2007, ACTIVATE ALL LAWS!!!
9-9-2018 Intel Guru Frank26 Article: "A "meeting" is expected between "Abadi and Trump" on the 13th of this month" IMO...THERE IS SOMETHING ON TRUMPS DESK .
9-9-2018 Intel Guru Jester [any news to share?] NOT ANYTHING CONCRETE THAT MAKES ANY SENSE... ALTHOUGH THE UNOFFICIAL WORD SEEMS TO INDICATE VERY CLOSE... BUT WE HAVE ALL HEARD THAT BEFORE TOO...I WAS SURPRISED THEY TOLD ME THAT TO TELL YOU THE TRUTH... BUT I AM CAUTIOUSLY OPTIMISTIC... HEARD IT TOO MANY TIMES BEFORE... I NEED TO SEE SOMETHING MOVE.
9-9-2018 Newshound Guru MilitiaMan I personally think not, therefore, the lack of reporting it on the site points to that they wouldn't do that to be misleading. They are not going to publish the program rate, as they have something else in mind imo... We have heard ...they will back date the HCL to a similar time frame of 01/01/2018. We have also been told by WS [Guru Walkingstick] and articles they finished the calculations based off months prior to the End of the 1st Quarter 2018, and they agreed on the HCL in early March 2018, and now 6 months have passed real close and we see them hammering out the Seating of the GOI with the URGING of Al Sistani, The Supreme Shiite Cleric. All very interesting... [post 2 of 2]
9-9-2018 Newshound Guru MilitiaMan Everyone...may have noticed on the BIS website that they quit reporting the Program Rate for the QRTR 1/2018 and QRTR 2/2018...A fresh pattern that shouldn't be overlooked, imo. ...also...they recently paid the COM (Council of Ministers) back pay to 01/01/2018 electronically, and it was mentioned specifically to and with the Kurds in mind that they don't have to tell you any more going forward. It is to be a private matter between the citizens and the banks... Why? One might ask why would they the (BIS) quit reporting the program rate when the track record through QRTR 4/2017 was? Do you think the BIS the granddad of all banks is going to put out data that effectively would be misleading? [post 1 of 2....stay tuned]
9-9-2018 Newshound Guru Don961 A "meeting" is expected between "Abadi and Trump" on the 13th of this month. Article quotes: "Informed sources revealed that Prime Minister Haider Abadi will meet with US President Donald Trump on the 13th of this month." "The source said that "Abadi and Tramb, will gather a meeting, on the 13th of this month, to form a government, after the failure of efforts, to form the largest bloc," adding that "Abadi will meet with senior officials in Washington."
9-9-2018 Newshound/Intel Guru Mnt Goat 2. Iraq must now get rid of the Iranian militias and drastically reduce the political influence of the Iran over Iraq, This is a new requirement and should never had been an issue had it not been for the ISIS invasion, which by the way was a way for the Iranian backed puppet Nori al-Maliki to get the Iranian Kud forces inside Iraq...This now stands as a major SECURITY breach by the US on the sovereignty of Iraq. The US will NEVER giver permission to RV with these Iranian forces in place in Iraq especially with the Trump administration; [post 2 of 3....stay tuned]
9-9-2018 Newshound/Intel Guru Mnt Goat ...there are three main issues yet to resolve prior to the RV. 1. HCL - So the HCL law was finally written to satisfaction and passed. There were many parts to it over the years. Now they must pay out a % excess oil revenues to the citizens (a law was passed in parliament...supposed to begin as of Sept 5th). Do they need to pay out prior to the reinstatement permission. YES, YES and YES again. Is this not a constitutional requirement? Well then...??? ; [post 1 of 3....stay tuned]
9-9-2018 Newshound Guru Currency365 Abadi would not have to ask trump for an emergency government if he had listen the first time to Trump...TURN ON YOUR CURRENCY, RELEASE YOUR SMALL NOTES, ADD PURCHASING POWER, AND RELEASE THE OIL REVENUES TO THE CITIZENS, OPEN ALL BUDGETS SINCE 2007, ACTIVATE ALL LAWS!!!
9-9-2018 Intel Guru Frank26 Article: "A "meeting" is expected between "Abadi and Trump" on the 13th of this month" IMO...THERE IS SOMETHING ON TRUMPS DESK .
9-9-2018 Intel Guru Jester [any news to share?] NOT ANYTHING CONCRETE THAT MAKES ANY SENSE... ALTHOUGH THE UNOFFICIAL WORD SEEMS TO INDICATE VERY CLOSE... BUT WE HAVE ALL HEARD THAT BEFORE TOO...I WAS SURPRISED THEY TOLD ME THAT TO TELL YOU THE TRUTH... BUT I AM CAUTIOUSLY OPTIMISTIC... HEARD IT TOO MANY TIMES BEFORE... I NEED TO SEE SOMETHING MOVE.
9-9-2018 Newshound Guru MilitiaMan I personally think not, therefore, the lack of reporting it on the site points to that they wouldn't do that to be misleading. They are not going to publish the program rate, as they have something else in mind imo... We have heard ...they will back date the HCL to a similar time frame of 01/01/2018. We have also been told by WS [Guru Walkingstick] and articles they finished the calculations based off months prior to the End of the 1st Quarter 2018, and they agreed on the HCL in early March 2018, and now 6 months have passed real close and we see them hammering out the Seating of the GOI with the URGING of Al Sistani, The Supreme Shiite Cleric. All very interesting... [post 2 of 2]
9-9-2018 Newshound Guru MilitiaMan Everyone...may have noticed on the BIS website that they quit reporting the Program Rate for the QRTR 1/2018 and QRTR 2/2018...A fresh pattern that shouldn't be overlooked, imo. ...also...they recently paid the COM (Council of Ministers) back pay to 01/01/2018 electronically, and it was mentioned specifically to and with the Kurds in mind that they don't have to tell you any more going forward. It is to be a private matter between the citizens and the banks... Why? One might ask why would they the (BIS) quit reporting the program rate when the track record through QRTR 4/2017 was? Do you think the BIS the granddad of all banks is going to put out data that effectively would be misleading? [post 1 of 2....stay tuned]
9-9-2018 Newshound Guru Don961 A "meeting" is expected between "Abadi and Trump" on the 13th of this month. Article quotes: "Informed sources revealed that Prime Minister Haider Abadi will meet with US President Donald Trump on the 13th of this month." "The source said that "Abadi and Tramb, will gather a meeting, on the 13th of this month, to form a government, after the failure of efforts, to form the largest bloc," adding that "Abadi will meet with senior officials in Washington."
9-8-2018 Newshound Guru MilitiaMan Article: "Asadi: Current crises end by providing the necessary funds" Quote: "It is also possible to solve some problems by taking advantage of the current financial abundance due to high oil prices," An MP talking about using the 2018 budget to solve problems... Tamimi suggests that anyone saying Iraq has a financial crisis is a liar... Well well, they are now getting on the band wagon.. Imo we will now see more of that, as they’ll want to be on the side of get us our money now... Read HCL... The statement from Sadr he would film the extraordinary session must have worked!! The MPs that hinder the money being electronically given to the people of Iraq now will suffer political consequences and possibly more, especially if they are exposed as Iranian supporters of interference...
9-8-2018 Intel Guru RayRen98 Cleric Sadr called for an emergency meeting for all Parliament members on Saturday to discuss the Basra situation and other matters. He warned that any member not in attendance would be held accountable. The Kurds did not attend the Parliament meeting claiming constitutional concerns. Sadr publicly trashes them on Iraqi TV for not participating in that important session. Iraqi President announces plans for tomorrow's meeting to include naming a new president and a new speaker...hopefully with the attendance of the Kurds. Sadr's comments on TV did not receive a positive reception. [Gee, I wonder why?] lol. A new program and a new national E-Card for citizens was being shared on Iraqi TV by Alaq.
9-8-2018 Intel/Newshound Guru Poppy3 BEEN HERE GOING ON 16 YEARS AND BELIEVE ME OUR GREAT PRESIDENT TRUMP IS PUSHING EVERY BUTTON POSSIBLE TO HELP BRING ABOUT THE DINAR RATE CHANGE. HE IS DOUBLING DOWN AGAINST IRAN AND KNOWS IRAQ WILL DOMINATE THE MIDDLE EAST IN THE FUTURE. RELAX RICH FRIENDS THE RATE IS COMING IN DUE TIME WE WILL BE READY TO CELEBRATE.
9-8-2018 Newshound Guru David M. Witty In Basra Province, Iraq, Basra Operations Command imposes curfew after another evening of major destruction. (In reality, curfew appears impossible to implement). Iraqi Parliament convenes. Heated exchange between PM & Governor of Basra Province. Iraqi Parliament has turned into a shouting match with calls for government to resign. Acting Parliament President having a tough time controlling it.
9-8-2018 Newshound/Intel Guru Mnt Goat ...there is no indication as to how far they must go on this topic of corruption. This is one of the unknowns. But anyone with any common sense can clearly see that at least the GOI and Judiciary must help the CBI clean up this currency auction fraud and manipulation by arresting these individuals who run these phony banks. This recent switch from Us dollars to Euros for trade with Iran will be stopped shortly. This was a mistake by Iraq to do so. But there has to be a solution as Iraq needs the imports to survive and grow its economy. All we can do is sit, wait and watch it all play out. To me what makes the most sense is to reinstate the dinar and thus trade with the dinar. Some say they are using the dinar already in trade with the 1190 rate. This was of course not permissible under sanctions, but the sanctions are relieved and so why has the CBI not yet reinstated the currency? Clearly there is something behind the scenes blocking the reinstatement.
9-8-2018 Intel Guru RayRen98 Cleric Sadr called for an emergency meeting for all Parliament members on Saturday to discuss the Basra situation and other matters. He warned that any member not in attendance would be held accountable. The Kurds did not attend the Parliament meeting claiming constitutional concerns. Sadr publicly trashes them on Iraqi TV for not participating in that important session. Iraqi President announces plans for tomorrow's meeting to include naming a new president and a new speaker...hopefully with the attendance of the Kurds. Sadr's comments on TV did not receive a positive reception. [Gee, I wonder why?] lol. A new program and a new national E-Card for citizens was being shared on Iraqi TV by Alaq.
9-8-2018 Intel/Newshound Guru Poppy3 BEEN HERE GOING ON 16 YEARS AND BELIEVE ME OUR GREAT PRESIDENT TRUMP IS PUSHING EVERY BUTTON POSSIBLE TO HELP BRING ABOUT THE DINAR RATE CHANGE. HE IS DOUBLING DOWN AGAINST IRAN AND KNOWS IRAQ WILL DOMINATE THE MIDDLE EAST IN THE FUTURE. RELAX RICH FRIENDS THE RATE IS COMING IN DUE TIME WE WILL BE READY TO CELEBRATE.
9-8-2018 Newshound Guru David M. Witty In Basra Province, Iraq, Basra Operations Command imposes curfew after another evening of major destruction. (In reality, curfew appears impossible to implement). Iraqi Parliament convenes. Heated exchange between PM & Governor of Basra Province. Iraqi Parliament has turned into a shouting match with calls for government to resign. Acting Parliament President having a tough time controlling it.
9-8-2018 Newshound/Intel Guru Mnt Goat ...there is no indication as to how far they must go on this topic of corruption. This is one of the unknowns. But anyone with any common sense can clearly see that at least the GOI and Judiciary must help the CBI clean up this currency auction fraud and manipulation by arresting these individuals who run these phony banks. This recent switch from Us dollars to Euros for trade with Iran will be stopped shortly. This was a mistake by Iraq to do so. But there has to be a solution as Iraq needs the imports to survive and grow its economy. All we can do is sit, wait and watch it all play out. To me what makes the most sense is to reinstate the dinar and thus trade with the dinar. Some say they are using the dinar already in trade with the 1190 rate. This was of course not permissible under sanctions, but the sanctions are relieved and so why has the CBI not yet reinstated the currency? Clearly there is something behind the scenes blocking the reinstatement.
9-7-2018 Newshound Guru Kathy I know the Kurds are kind of a stumbling block but in the end I cannot see them joining Maliki’s group! They had enough interaction to know Maliki signing any kind of document is totally worthless! Maliki never keeps his word and Ameri is simply an Iranian puppet along with Maliki! What would be the result if the Kurds decided not to join either block? I cannot imagine that would be to their advantage! I think things are going to get real interesting in the near future!
9-7-2018 Newshound Guru Adam Montana ...With that said, I completely reject the idea that the IMF "must" do anything at all to enable, allow, or even encourage Iraq/CBI/GOI/etc to do anything with their currency. They will do what they want, when they want it. Chapter 7 was a big deal. That prohibited them, via the United Nations and more, from making any major changes. Chapter 7 was the ONLY sanction that completely restricted them from RVing, in my opinion. There are other items that needed to be handled in order to make it easier, but even now - without HCL in place - they could still do it today. It's my opinion that it is not likely to happen before the HCL is in place, but they COULD. [post 2 of 2]
9-7-2018 Newshound Guru Adam Montana [Can the Monetary Reform happen before the SBA 2016 agreement with the IMF?...Will the CBI be able to act alone and start the Reform without the IMF's Approval?] In a perfect scenario, the IMF gives the green light, CBI implements the "approved" changes, RV. Let's be real, though... if the CBI wants to go ahead with it, then they will, and what is the IMF going to do - tell them "no, you can't pay X for your Dinar"?? I don't think so...And if the IMF DID do something like that, can you imagine how many institutions around the world would completely REVOLT against the IMF?! It would be absolute chaos! [post 1 of 2....stay tuned]
9-7-2018 Intel Guru Bruce ...it looks like everything is coming together at the last moment, and it is getting down to the wire. We have Iraq still doing their thing. Messing around with their government. Talking about running more stuff through parliament again. ...They are talking about releasing the...Oil and Gas Law...Talking about releasing that in the Gazette on Saturday...What does that mean for our timing? That could trigger what it is we are all waiting for...I have heard people talk about a 5 day window. The window could be literally hours away to a couple of days or maybe it drags out through the weekend. I really believe that. ...I think we are at a really good shape.
9-7-2018 Intel Guru Footforward I still believe and expect the RV to happen. What's been going on hasn't changed my mind. This will come to be...
9-7-2018 Newshound Guru MilitiaMan ...WS [Guru Walkingstick] posted that the COM was paid electronically, and back pay to 01/01/2018. The same was said to have happened for the HCL for the citizens ...we await them to tell us it is fully active. ...The question is, will they leak out the payments of back pay for the Citizens for the HCL? Imo Oh heck yes.. When they do, it will go public by the CBI, GOC or just plain old leakage. Now keep in mind that Sadr has spoken out about the GOI not fulfilling their responsibilities. In fact imo he is saying have them done before Sunday. Start your meetings ASAP, and by the way they are going to be live on camera. Therefore, all the citizens that know your sandbagging and they are not getting paid their do, will be able to watch who is sandbagging them...imo.
[post 2 of 2]
9-7-2018 Newshound Guru MilitiaMan Quote: "The Iraqi National Card is an electronic biometric card issued by the Ministry of Interior from January 1, 2016. It replaced the Nationality Certificate and Civil Identification Document previously issued. In 2018 it will also replace the Residency Card). This card has a high security platform and is connected directly to the Iraqi Civil System" Now I am not sure how many realize just how big this is? It is telling us they are on the 09/05/2018 ready to "LAUNCH" the E-Regulations a form of many forms that are about E-Governance. That includes E-Banking...It will include Citizens, Employees, Businesses, Countries, Constituencies, Democracy, payments, receivables, etc., etc. [post 1 of 2....stay tuned]
9-7-2018 Newshound Guru chattels Much of the recent news highlights the question of whether the rule of law or the rule of men, and which men will it be, is or will be in control in Iraq. These are dangerous times in Iraq. Iraq seems continually to jump from the frying pan into the fire and back again, IMO. It appears that my sense of optimism about the avoidance of quotas and the announcement of a government sooner rather than later in this election cycle was misplaced. The Machiavellian Maliki is very resourceful politically and we should never underestimate him or the capacity of Iraq for self destruction.
9-7-2018 Newshound Guru Adam Montana ...With that said, I completely reject the idea that the IMF "must" do anything at all to enable, allow, or even encourage Iraq/CBI/GOI/etc to do anything with their currency. They will do what they want, when they want it. Chapter 7 was a big deal. That prohibited them, via the United Nations and more, from making any major changes. Chapter 7 was the ONLY sanction that completely restricted them from RVing, in my opinion. There are other items that needed to be handled in order to make it easier, but even now - without HCL in place - they could still do it today. It's my opinion that it is not likely to happen before the HCL is in place, but they COULD. [post 2 of 2]
9-7-2018 Newshound Guru Adam Montana [Can the Monetary Reform happen before the SBA 2016 agreement with the IMF?...Will the CBI be able to act alone and start the Reform without the IMF's Approval?] In a perfect scenario, the IMF gives the green light, CBI implements the "approved" changes, RV. Let's be real, though... if the CBI wants to go ahead with it, then they will, and what is the IMF going to do - tell them "no, you can't pay X for your Dinar"?? I don't think so...And if the IMF DID do something like that, can you imagine how many institutions around the world would completely REVOLT against the IMF?! It would be absolute chaos! [post 1 of 2....stay tuned]
9-7-2018 Intel Guru Bruce ...it looks like everything is coming together at the last moment, and it is getting down to the wire. We have Iraq still doing their thing. Messing around with their government. Talking about running more stuff through parliament again. ...They are talking about releasing the...Oil and Gas Law...Talking about releasing that in the Gazette on Saturday...What does that mean for our timing? That could trigger what it is we are all waiting for...I have heard people talk about a 5 day window. The window could be literally hours away to a couple of days or maybe it drags out through the weekend. I really believe that. ...I think we are at a really good shape.
9-7-2018 Intel Guru Footforward I still believe and expect the RV to happen. What's been going on hasn't changed my mind. This will come to be...
9-7-2018 Newshound Guru MilitiaMan ...WS [Guru Walkingstick] posted that the COM was paid electronically, and back pay to 01/01/2018. The same was said to have happened for the HCL for the citizens ...we await them to tell us it is fully active. ...The question is, will they leak out the payments of back pay for the Citizens for the HCL? Imo Oh heck yes.. When they do, it will go public by the CBI, GOC or just plain old leakage. Now keep in mind that Sadr has spoken out about the GOI not fulfilling their responsibilities. In fact imo he is saying have them done before Sunday. Start your meetings ASAP, and by the way they are going to be live on camera. Therefore, all the citizens that know your sandbagging and they are not getting paid their do, will be able to watch who is sandbagging them...imo.
[post 2 of 2]
9-7-2018 Newshound Guru MilitiaMan Quote: "The Iraqi National Card is an electronic biometric card issued by the Ministry of Interior from January 1, 2016. It replaced the Nationality Certificate and Civil Identification Document previously issued. In 2018 it will also replace the Residency Card). This card has a high security platform and is connected directly to the Iraqi Civil System" Now I am not sure how many realize just how big this is? It is telling us they are on the 09/05/2018 ready to "LAUNCH" the E-Regulations a form of many forms that are about E-Governance. That includes E-Banking...It will include Citizens, Employees, Businesses, Countries, Constituencies, Democracy, payments, receivables, etc., etc. [post 1 of 2....stay tuned]
9-7-2018 Newshound Guru chattels Much of the recent news highlights the question of whether the rule of law or the rule of men, and which men will it be, is or will be in control in Iraq. These are dangerous times in Iraq. Iraq seems continually to jump from the frying pan into the fire and back again, IMO. It appears that my sense of optimism about the avoidance of quotas and the announcement of a government sooner rather than later in this election cycle was misplaced. The Machiavellian Maliki is very resourceful politically and we should never underestimate him or the capacity of Iraq for self destruction.
9-6-2018 Newshound Guru Adam Montana While the GOI formation is dragging on, Abadi continues to be a positive factor. No matter who is “named” the next President, I think he will continue to be a driving force in the next phases of Iraq’s development and return to their former status. Make no mistake about this - Iraq suffered a huge setback with Saddam. They have had a long road to make it this far, and the next steps for them should be pretty apparent to anyone that isn’t a complete pessimist.
9-6-2018 Newshound Guru Bloodloch ...Should the quorum not be reached by al-Sadr's Sunday deadline, he is calling on a one-million citizen demonstration to press the issue. In addition, the current Prime Minister Abadi is promising Anbar's leaders their very own Sunni Army if they stand strong in parliamentary support of the Reform and Reconstruction Bloc. Pretty exciting stuff, eh? Let's see what happens between now and Sunday the 9th. [post 2 of 2]
9-6-2018 Newshound Guru Bloodloch The largest bloc is now called the Reform and Reconstruction Bloc. That bloc contains reportedly 180 members at least, which is enough to achieve the 165 seat threshold for a quorum if they all show up. However, due to the Iraqi Federal Court not yet declaring Reform and Reconstruction as the largest bloc, and lacking the support of the two large Kurdish blocs, they are left with a very thin, 16-seat margin of error to gain a quorum. The clerical leader of Total Reform, Moqtada al-Sadr, has called for an emergency session of parliament between now and this coming Sunday (Sept 9th) for the election of deputies. [post 1 of 2....stay tuned]
9-6-2018 Newshound Guru chattels Article: "Sadr calls for new parliament to convene quickly on Basra" Quote: "We see the disregard by some politicians for what is happening in that troubled province, as they are preoccupied with forming [the largest bloc] that will only be like previous governments and alliances that characterized sectarianism, corruption and injustice." Maliki was quoted yesterday as saying that a "fix" for Basra was readily available. No doubt in an effort to undermine Abadi...
9-6-2018 Newshound/Intel Guru Mnt Goat What is REALLY going on behind the scenes? ...They are stalling to settle which is the largest bloc. To get the largest bloc they must include the Kurds. They will need the Kurds in order to get the needed quorum in parliament to get anything done. ...I expect that if they solve the crisis with Kurdistan and the deadlock for the largest bloc, they will then reconvene in parliament prior to Sept 15th.
9-6-2018 Newshound Guru Adam Montana Getting back to the basics of what makes Iraq a solid candidate for ReValuation, don’t forget that they are RICH with Black Gold… OIL. The world runs on that stuff, Iraq has a ton of it, which means they have intrinsic value that cannot be denied. The CBI has announced that they are also adding to their “other” Gold, to the tune of an additional 6.5 tons. I’ll save you the trouble of doing the math… 6.5 tons = 208,000 ounces. Gold is about $1200 per ounce right now, so that’s a value of $249,600,000. (Obviously a little less due to wholesale value, but it’s a lot of money!) Not too shabby of a report for the day, and it shows increasing strength. Good stuff!
9-6-2018 Newshound Guru Bloodloch ...Should the quorum not be reached by al-Sadr's Sunday deadline, he is calling on a one-million citizen demonstration to press the issue. In addition, the current Prime Minister Abadi is promising Anbar's leaders their very own Sunni Army if they stand strong in parliamentary support of the Reform and Reconstruction Bloc. Pretty exciting stuff, eh? Let's see what happens between now and Sunday the 9th. [post 2 of 2]
9-6-2018 Newshound Guru Bloodloch The largest bloc is now called the Reform and Reconstruction Bloc. That bloc contains reportedly 180 members at least, which is enough to achieve the 165 seat threshold for a quorum if they all show up. However, due to the Iraqi Federal Court not yet declaring Reform and Reconstruction as the largest bloc, and lacking the support of the two large Kurdish blocs, they are left with a very thin, 16-seat margin of error to gain a quorum. The clerical leader of Total Reform, Moqtada al-Sadr, has called for an emergency session of parliament between now and this coming Sunday (Sept 9th) for the election of deputies. [post 1 of 2....stay tuned]
9-6-2018 Newshound Guru chattels Article: "Sadr calls for new parliament to convene quickly on Basra" Quote: "We see the disregard by some politicians for what is happening in that troubled province, as they are preoccupied with forming [the largest bloc] that will only be like previous governments and alliances that characterized sectarianism, corruption and injustice." Maliki was quoted yesterday as saying that a "fix" for Basra was readily available. No doubt in an effort to undermine Abadi...
9-6-2018 Newshound/Intel Guru Mnt Goat What is REALLY going on behind the scenes? ...They are stalling to settle which is the largest bloc. To get the largest bloc they must include the Kurds. They will need the Kurds in order to get the needed quorum in parliament to get anything done. ...I expect that if they solve the crisis with Kurdistan and the deadlock for the largest bloc, they will then reconvene in parliament prior to Sept 15th.
9-6-2018 Newshound Guru Adam Montana Getting back to the basics of what makes Iraq a solid candidate for ReValuation, don’t forget that they are RICH with Black Gold… OIL. The world runs on that stuff, Iraq has a ton of it, which means they have intrinsic value that cannot be denied. The CBI has announced that they are also adding to their “other” Gold, to the tune of an additional 6.5 tons. I’ll save you the trouble of doing the math… 6.5 tons = 208,000 ounces. Gold is about $1200 per ounce right now, so that’s a value of $249,600,000. (Obviously a little less due to wholesale value, but it’s a lot of money!) Not too shabby of a report for the day, and it shows increasing strength. Good stuff!
9-5-2018 Newshound Guru Whitelions ...Don't worry about people falling all over each other trying to get to the banks...less than 1 % of the worlds population holds Dinar outside Iraq except for banks [themselves]...
9-5-2018 Intel Guru RayRen98 A long day of ups and downs but banks say we are back on track...
9-5-2018 Newshound/Intel Guru Mnt Goat We finally see that Iraq is forced to hold the first session but only because of a constitutional requirement. Will they delay it further and can they do so legally now that this first session is held and some of the new MPs are sworn in. Oh – but not all the new MPs are sworn in. They are still missing many from the Kurdistan region and it will be hard to get a quorum without them.
9-5-2018 Newshound Guru Adam Montana Iraq is still plodding through the formation of the new Government. Watching the GOI work could be described as similar to watching grass grow, although with the rain I’m getting right now… I think my lawn would win that race! Something to keep in mind, and this is a good thing - as slow as things seem to be moving, Iraq in general has made light years of progress compared to where they were a decade ago. Their processes are greatly improved. The debates are much more structured, not confused and uncertain as they were 5 or 10 years ago. There is an end in sight, so my point here is simple… don’t lose hope, be patient, and let things happen.
9-5-2018 Intel Guru Bruce Communication from all banks has stopped. ...That is one thing I think is ultimately a good sign, and we do know that the Quantum Financial System was completely hooked up and linked to every bank and central bank and Federal Reserve Bank it needed to be hooked up to. ...We know that President Trump has taken let’s call it firsthand charge of the roll out and initiating what needs to happen with the revaluation... ...I feel that what I have heard was the possibility going at a certain time and I feel that time is close approaching. ...My sources are indicating the Joe Public starts date is going to be September 15, 16, 17 or 18 of this month. So we have some time we will have to go prior to that as the Internet Group or Informed Group. Just to let you know. We should be there I have heard this week. [post 2 of 2]
9-5-2018 Intel Guru Bruce Even though this is much bigger than Iraqi dinar we still have a situation right now where every bank in the world is on pins and needles waiting for the CBI to do their thing which should be to change the rate on the CBI to a reinstated and revalued rate for the Iraqi dinar. The word is once that happens everything is going to tumble like an avalanche for us. So we have every bank in the world it was put this way by someone high up, is just waiting for that to occur. ...we heard at 1105 am this morning EST [Tuesday] all the bank rates on all screens came off. Other words, all the currencies came off the screens at the same time. ...I do know that once the dinar comes back up as a rate that equivalent to the rate on the CBI, we should be good to go. [post 1 of 2....stay tuned]
9-5-2018 Newshound Guru Breitling …I’ve never once heard of the traders in the United States selling counterfeit currency…It’s never been a problem. Maybe in the future it could be a problem…
9-5-2018 Intel Guru Frank26 Article quote: "Parliamentarians and economists and the Iraqi street are expected to sign on September 5, the date of announcing the activation of the law of the National Oil Company, which set 10 percent of the sales of oil to put in special funds for distribution to the Iraqis." They had six months to agree on it now as a government they have to pass it.
9-5-2018 Intel Guru Delta Article quote: "Parliamentarians and economists and the Iraqi street are expected to sign on September 5, the date of announcing the activation of the law of the National Oil Company, which set 10 percent of the sales of oil to put in special funds for distribution to the Iraqis." NOTHING MATTER ANYMORE ...JUST WATCH CBI IT'S COMING...(Big Grin)
9-5-2018 Intel Guru RayRen98 A long day of ups and downs but banks say we are back on track...
9-5-2018 Newshound/Intel Guru Mnt Goat We finally see that Iraq is forced to hold the first session but only because of a constitutional requirement. Will they delay it further and can they do so legally now that this first session is held and some of the new MPs are sworn in. Oh – but not all the new MPs are sworn in. They are still missing many from the Kurdistan region and it will be hard to get a quorum without them.
9-5-2018 Newshound Guru Adam Montana Iraq is still plodding through the formation of the new Government. Watching the GOI work could be described as similar to watching grass grow, although with the rain I’m getting right now… I think my lawn would win that race! Something to keep in mind, and this is a good thing - as slow as things seem to be moving, Iraq in general has made light years of progress compared to where they were a decade ago. Their processes are greatly improved. The debates are much more structured, not confused and uncertain as they were 5 or 10 years ago. There is an end in sight, so my point here is simple… don’t lose hope, be patient, and let things happen.
9-5-2018 Intel Guru Bruce Communication from all banks has stopped. ...That is one thing I think is ultimately a good sign, and we do know that the Quantum Financial System was completely hooked up and linked to every bank and central bank and Federal Reserve Bank it needed to be hooked up to. ...We know that President Trump has taken let’s call it firsthand charge of the roll out and initiating what needs to happen with the revaluation... ...I feel that what I have heard was the possibility going at a certain time and I feel that time is close approaching. ...My sources are indicating the Joe Public starts date is going to be September 15, 16, 17 or 18 of this month. So we have some time we will have to go prior to that as the Internet Group or Informed Group. Just to let you know. We should be there I have heard this week. [post 2 of 2]
9-5-2018 Intel Guru Bruce Even though this is much bigger than Iraqi dinar we still have a situation right now where every bank in the world is on pins and needles waiting for the CBI to do their thing which should be to change the rate on the CBI to a reinstated and revalued rate for the Iraqi dinar. The word is once that happens everything is going to tumble like an avalanche for us. So we have every bank in the world it was put this way by someone high up, is just waiting for that to occur. ...we heard at 1105 am this morning EST [Tuesday] all the bank rates on all screens came off. Other words, all the currencies came off the screens at the same time. ...I do know that once the dinar comes back up as a rate that equivalent to the rate on the CBI, we should be good to go. [post 1 of 2....stay tuned]
9-5-2018 Newshound Guru Breitling …I’ve never once heard of the traders in the United States selling counterfeit currency…It’s never been a problem. Maybe in the future it could be a problem…
9-5-2018 Intel Guru Frank26 Article quote: "Parliamentarians and economists and the Iraqi street are expected to sign on September 5, the date of announcing the activation of the law of the National Oil Company, which set 10 percent of the sales of oil to put in special funds for distribution to the Iraqis." They had six months to agree on it now as a government they have to pass it.
9-5-2018 Intel Guru Delta Article quote: "Parliamentarians and economists and the Iraqi street are expected to sign on September 5, the date of announcing the activation of the law of the National Oil Company, which set 10 percent of the sales of oil to put in special funds for distribution to the Iraqis." NOTHING MATTER ANYMORE ...JUST WATCH CBI IT'S COMING...(Big Grin)
9-4-2018 Intel Guru Frank26 IMO...THE PIN HAS BEEN PULLED ON ECO AND MONETARY REFORMS AND THE GRENADE HAS BEEN THROWN...ALLOW THE EXPLOSION AND SMOKE TO CLEAR... GAME IS ON!!! ...IMO OF COURSE.
9-4-2018 Newshound Guru Kaperoni So the latest news from Iraq is that Parliament suspended it's session today because Maliki is challenging the largest block which probably will end up going to the federal court which is simply stupid because this is just a stall tactic. So we end up with about a 2-week delay reconvening around the 17th of September. Hopefully at that time they start to assemble the cabinet choose a president and subsequent new prime minister within a few weeks thereafter.
9-4-2018 Newshound Guru Walkingstick [via sunny & Manaolana, 8-27-18] The internet was worried about ...Parliament, which Parliament has no part in the Executive Branch, but they will be seated, and it will complete the GOI. But it is the Cabinet, and it is Abadi, as the Prime Minister, that is more important to the reinstatement, than is the Parliament members. Abadi, and his Cabinet is the Executive Branch. ...We also have CBI Board members. ...that is, the core of the monetary reform. That is the core of the reinstatement that we all seek, because the revaluation sits there in the global theater twiddling its thumbs, waiting for it to be reinstated.
9-4-2018 Newshound Guru chattels Article quote: "...the determination of Saturday, September 15, a date for the election of the Speaker of the House of Representatives and his deputies." One last post in an effort to resolve clarify the date(s) of September 15 or 17 for the reconvening of Parliament,...
9-4-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, 2 main Kurdish parties have still not joined any coalition to form new Iraqi government. They await to see if their conditions for joining will me met. In Iraqi election news, Maliki's office denies document from Building Alliance of State of Law & Fatah coalitions nominating him to be new PM. Iraqi Parliament continues to meet today to conduct deliberations but unable to officially convene since only 85 MPs present out of 329. Unable to elect new President of Parliament.
9-4-2018 Newshound/Intel Guru Walkingstick [via sunny & Manaolana, 8-27-18] ...But as you know, there is a suitable environment that the FAB 4 are looking for. This was the private banks understanding that last Saturday they would reinstate. IMO, what is happening with Iran was a blind-side to the reinstatement of last Saturday, causing Alak, and Abadi, and the FAB 4 to continue the process. ...They did not act upon the reinstatement...just yet. It was quite a knee-jerk, but not yet! But IMO...due to the United States Treasury, this situation with Iran is under much better control now. ...It was a bit of a hiccup, but no longer. [post 2 of 2]
9-4-2018 Newshound/Intel Guru Walkingstick [via sunny, from 8-27-18] The United States Treasury, is now ready to sanction not just Iran, but also Iraq. There are 6-8 Iraqi banks under suspicion of funneling money through the auctions to Iran...So these banks that are under suspicion of funneling money through the auctions, they are being dealt with right now by the United States Treasury. You must suspend the auctions. ...The talk within the circle, of not only the CBI of Iraq, and all the private banks is that, and not only the talk, but their understanding within the CBI, and within the banks in Iraq, they will be getting an official nod of when to prepare for the reinstatement... [post 1 of 2....stay tuned]
9-4-2018 Newshound Guru Kaperoni So the latest news from Iraq is that Parliament suspended it's session today because Maliki is challenging the largest block which probably will end up going to the federal court which is simply stupid because this is just a stall tactic. So we end up with about a 2-week delay reconvening around the 17th of September. Hopefully at that time they start to assemble the cabinet choose a president and subsequent new prime minister within a few weeks thereafter.
9-4-2018 Newshound Guru Walkingstick [via sunny & Manaolana, 8-27-18] The internet was worried about ...Parliament, which Parliament has no part in the Executive Branch, but they will be seated, and it will complete the GOI. But it is the Cabinet, and it is Abadi, as the Prime Minister, that is more important to the reinstatement, than is the Parliament members. Abadi, and his Cabinet is the Executive Branch. ...We also have CBI Board members. ...that is, the core of the monetary reform. That is the core of the reinstatement that we all seek, because the revaluation sits there in the global theater twiddling its thumbs, waiting for it to be reinstated.
9-4-2018 Newshound Guru chattels Article quote: "...the determination of Saturday, September 15, a date for the election of the Speaker of the House of Representatives and his deputies." One last post in an effort to resolve clarify the date(s) of September 15 or 17 for the reconvening of Parliament,...
9-4-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, 2 main Kurdish parties have still not joined any coalition to form new Iraqi government. They await to see if their conditions for joining will me met. In Iraqi election news, Maliki's office denies document from Building Alliance of State of Law & Fatah coalitions nominating him to be new PM. Iraqi Parliament continues to meet today to conduct deliberations but unable to officially convene since only 85 MPs present out of 329. Unable to elect new President of Parliament.
9-4-2018 Newshound/Intel Guru Walkingstick [via sunny & Manaolana, 8-27-18] ...But as you know, there is a suitable environment that the FAB 4 are looking for. This was the private banks understanding that last Saturday they would reinstate. IMO, what is happening with Iran was a blind-side to the reinstatement of last Saturday, causing Alak, and Abadi, and the FAB 4 to continue the process. ...They did not act upon the reinstatement...just yet. It was quite a knee-jerk, but not yet! But IMO...due to the United States Treasury, this situation with Iran is under much better control now. ...It was a bit of a hiccup, but no longer. [post 2 of 2]
9-4-2018 Newshound/Intel Guru Walkingstick [via sunny, from 8-27-18] The United States Treasury, is now ready to sanction not just Iran, but also Iraq. There are 6-8 Iraqi banks under suspicion of funneling money through the auctions to Iran...So these banks that are under suspicion of funneling money through the auctions, they are being dealt with right now by the United States Treasury. You must suspend the auctions. ...The talk within the circle, of not only the CBI of Iraq, and all the private banks is that, and not only the talk, but their understanding within the CBI, and within the banks in Iraq, they will be getting an official nod of when to prepare for the reinstatement... [post 1 of 2....stay tuned]
9-3-2018 Newshound Guru Kaperoni Abadi addressed the new parliament today stating clearly the next government is responsible for economic reforms. It will take 2-3 months to get new GOI in place. Its coming.
9-3-2018 Newshound/Intel Guru BGG Article: "Baghdad, al Sadr populists and premier Abadi allies form new government" Quote: "Sixteen Iraqi political movements and parties, including the populist list of radical Shiite leader Moqtada al-Sadr – winner of last May’s election – and the faction of outgoing prime minister Haider al-Abadi, will give life to the most important parliamentary block. The agreement, reached late yesterday evening, will guarantee its signatories the possibility to start work on the formation of the new government." Wow – I was suspicious this might happen. While Barzani was crowing about being closer to Maliki, Sadr and Abadi did it without them. 177 deputies and no mention of the Kurds. Now, something to watch is these upcoming KRG (regional) elections in September, not that it means much (or anything) to the currency investment…
9-3-2018 Intel Guru RayRen98 The new parliament is now active and we are waiting for nominations.
9-3-2018 Intel Guru Frank26 [i get the impression you are almost seeing the finish line of the long journey... Hard not to be excited about the coming week...] WITHOUT FURTHER OPINION FROM MY PART...THE FINISH LINE...IS IN MY REAR VIEW MIRROR!!!
9-3-2018 Newshound Guru Currency365 AS LONG AS YOU HAVE 165+ MEMBERS YOU CAN VOTE LAWS AND MAKE DECISIONS AND HOLD SESSIONS...THESE CORRUPT PEOPLE ARE JUST ANGRY THEY LOST POWER...(parliament session suspended for one hour, as Hadi al-Amiri's Fatih & Nouri al-Maliki's State of Law walk out with KDP and PUK) Hopefully the kurds make a decision Tuesday so parliament can move on, either way Sadr, Abadi, Allawi, Hakim etc have over 165 MP's on they squad so they can get a majority vote on all things. Would be nice to see the whole Gov't work together but if they can't it doesn't matter.
9-3-2018 Newshound Guru Breitling “...The Iranian strategy is to inject a large counterfeit Iraqi currency into Iraqi markets…”…So what are they doing? They are trying to shake the confidence of the Iraqi dinar so the locals in Iraq will use more US dollars so Iran can use that backdoor market …So that’s Iran’s access to US dollars. “If Iraqi can’t cope with the smuggling of fake Iraqi dinars into it’s territory this strategy will force the CBI to pump double amounts of dollars into the country’s markets to preserve the value of the local currency…” there’s another way to counter that. And that’s to add value to the Iraqi dinar…if people are using the Iraqi dinar you don’t need to change the liquidity of the dollar in the economy do you?…the only way to protect the Iraqi dinar is to add value to it……this is going to happen. This is going to revalue. You just need to be prepared… [Post 2 of 2]
9-3-2018 Newshound Guru Breitling Iran’s GDP has everything to do with what’s going on with Iraq. Iran’s GDP is 439 Billion…There are 14 states in this country that have a larger GDP than the country of Iran…and now it’s tanking…Iran is looking at Iraq as a source of dollars…now this isn’t going to stop the revaluation of the Iraqi dinar. If anything, it will push it forward. Article “Iraqi official have revealed that Iran is pursuing a new strategy to supply the US dollar needs by working to reduce the Iraqi dinar exchange rate. Iran faces major difficulties in obtaining the dollar”… [If] You get out of the US dollar, you’re in trouble. [if] You also get out of the US banking system and you’re in Venezuela mode… [Post 1 of 2...stay tuned]
9-3-2018 Newshound/Intel Guru David M. Witty Iraqi PM sends request to Parliament asking to confirm which Coalition has the majority needed to form new government. New Iraqi Parliament seated, along with full orchestra to play national anthem. ...Which coalition will form new government still unclear.
9-3-2018 Newshound Guru Walkingstick Article quote: “Legal : It is not permissible to extend the period specified by the Constitution for the convening of the first parliament session” Yep... Also, their Federal court ruling of 2010, states... they can not leave the first session of parliament open, nor can they take their oath and break quorum per a federal court ruling in 2014 ....
9-3-2018 Newshound Guru Kaperoni Several reports are being posted now that the largest bloc has been formed for tomorrow's [Monday's] parliamentary session stay tuned!
9-3-2018 Newshound/Intel Guru BGG Article: "Baghdad, al Sadr populists and premier Abadi allies form new government" Quote: "Sixteen Iraqi political movements and parties, including the populist list of radical Shiite leader Moqtada al-Sadr – winner of last May’s election – and the faction of outgoing prime minister Haider al-Abadi, will give life to the most important parliamentary block. The agreement, reached late yesterday evening, will guarantee its signatories the possibility to start work on the formation of the new government." Wow – I was suspicious this might happen. While Barzani was crowing about being closer to Maliki, Sadr and Abadi did it without them. 177 deputies and no mention of the Kurds. Now, something to watch is these upcoming KRG (regional) elections in September, not that it means much (or anything) to the currency investment…
9-3-2018 Intel Guru RayRen98 The new parliament is now active and we are waiting for nominations.
9-3-2018 Intel Guru Frank26 [i get the impression you are almost seeing the finish line of the long journey... Hard not to be excited about the coming week...] WITHOUT FURTHER OPINION FROM MY PART...THE FINISH LINE...IS IN MY REAR VIEW MIRROR!!!
9-3-2018 Newshound Guru Currency365 AS LONG AS YOU HAVE 165+ MEMBERS YOU CAN VOTE LAWS AND MAKE DECISIONS AND HOLD SESSIONS...THESE CORRUPT PEOPLE ARE JUST ANGRY THEY LOST POWER...(parliament session suspended for one hour, as Hadi al-Amiri's Fatih & Nouri al-Maliki's State of Law walk out with KDP and PUK) Hopefully the kurds make a decision Tuesday so parliament can move on, either way Sadr, Abadi, Allawi, Hakim etc have over 165 MP's on they squad so they can get a majority vote on all things. Would be nice to see the whole Gov't work together but if they can't it doesn't matter.
9-3-2018 Newshound Guru Breitling “...The Iranian strategy is to inject a large counterfeit Iraqi currency into Iraqi markets…”…So what are they doing? They are trying to shake the confidence of the Iraqi dinar so the locals in Iraq will use more US dollars so Iran can use that backdoor market …So that’s Iran’s access to US dollars. “If Iraqi can’t cope with the smuggling of fake Iraqi dinars into it’s territory this strategy will force the CBI to pump double amounts of dollars into the country’s markets to preserve the value of the local currency…” there’s another way to counter that. And that’s to add value to the Iraqi dinar…if people are using the Iraqi dinar you don’t need to change the liquidity of the dollar in the economy do you?…the only way to protect the Iraqi dinar is to add value to it……this is going to happen. This is going to revalue. You just need to be prepared… [Post 2 of 2]
9-3-2018 Newshound Guru Breitling Iran’s GDP has everything to do with what’s going on with Iraq. Iran’s GDP is 439 Billion…There are 14 states in this country that have a larger GDP than the country of Iran…and now it’s tanking…Iran is looking at Iraq as a source of dollars…now this isn’t going to stop the revaluation of the Iraqi dinar. If anything, it will push it forward. Article “Iraqi official have revealed that Iran is pursuing a new strategy to supply the US dollar needs by working to reduce the Iraqi dinar exchange rate. Iran faces major difficulties in obtaining the dollar”… [If] You get out of the US dollar, you’re in trouble. [if] You also get out of the US banking system and you’re in Venezuela mode… [Post 1 of 2...stay tuned]
9-3-2018 Newshound/Intel Guru David M. Witty Iraqi PM sends request to Parliament asking to confirm which Coalition has the majority needed to form new government. New Iraqi Parliament seated, along with full orchestra to play national anthem. ...Which coalition will form new government still unclear.
9-3-2018 Newshound Guru Walkingstick Article quote: “Legal : It is not permissible to extend the period specified by the Constitution for the convening of the first parliament session” Yep... Also, their Federal court ruling of 2010, states... they can not leave the first session of parliament open, nor can they take their oath and break quorum per a federal court ruling in 2014 ....
9-3-2018 Newshound Guru Kaperoni Several reports are being posted now that the largest bloc has been formed for tomorrow's [Monday's] parliamentary session stay tuned!
9-2-2018 Newshound Guru MilitiaMan Article: “Abadi: We will not risk the interests of our people to please Iran or any other country” Lets not forget that Abadi has been looking to move the ball forward for the people and that includes the Kurds. One of the SBA agreements with the IMF is in regard to the Budget and the Kurds getting a fair share of it and with combining Baghdad and Erbil into one budget, imo. Well the SBA was/is a tool for giving investors security that is derived from the SBA with the IMF.. The IMF brings clout to the region. They held off in 2018 so far, as they were awaiting the elections and to seat the gov. Well now we know that is slated for tomorrow. ...the talk of paying the Kurds monthly and electronically suggests they have a number in mind for the budget already.. imo
9-2-2018 Newshound Guru Currency365 BREAKING: Sadr & Abadi alliance form largest parliamentary bloc after striking deal with Sunni National Axis Alliance ...
9-2-2018 Newshound Guru chattels Quote: "Sadr-Abadi bloc announces formation of Iraq’s largest parliamentary bloc" According to Iraq’s state news agency, the alliance includes 177 lawmakers from 16 different lists to unite in Iraq’s 329-seat chamber. The breakthrough came when the Sunni National Axis Alliance agreed to join the bloc. The Kurdistan Democratic Party (KDP) and Patriotic Union of Kurdistan (PUK) are not currently part of the bloc. If true then the bloc has 12 supporters more than needed.
9-2-2018 Newshound Gurus Bloodloch and Kathy Article: "Sadr-Abadi bloc announces formation of Iraq’s largest parliamentary bloc" Quote: "Muqtada al-Sadr’s Sayirun, Haider al-Abadi’s Nasr (Victory), and fourteen other political groups have announced the formation of the biggest parliamentary bloc capable of forming Iraq’s next government." And then there were 177, well over the 165 threshold for control of government formation. Looking forward to tomorrow's (Monday) Session of Parliament. This is awesome!
9-2-2018 Newshound Guru Don961 Article: "Legal : It is not permissible to extend the period specified by the Constitution for the convening of the first parliament session" So...the opening session must go on tomorrow by law...to swear in newbies, etc...but if there is a quorum, the eldest MP, who opens the show , can ask for a vote on a 15-day extension to allow the blocs more time (15 days) to agree on candidates for a new President and Vice-Presidents of the House, etc...then the other 2 can be worked on... President of the Republic and PM...by the majority bloc...to round out the 3 Presidencies of the GOI...imo.
9-2-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, Maliki says he will not accept nomination to be new PM. Says he made this promise many years ago & is bound to it.
9-2-2018 Newshound Guru chattels Neither of the two main coalitions have a majority at this time. Both the Sunni and Kurds appear to be trying to leverage their support for various concessions from both coalitions. It may be weeks or months before the outcome is determined. The ultimate question /concern is whether either coalition will enable our liquidity event. We wait, watch and wonder which or whether either "winning" bloc will make a wit of difference in what we wish for.
9-2-2018 Newshound Guru MilitiaMan As noted, they are excluding banks and financial transfer companies to sell the Dollar, thus, one might ask who gets remittances and or credits and for what purposes and in relatively large amounts? Contractors, etc.? Sure they fit, and as we know and we have been told the Auctions will cease to exist, as we have previously been used to. This surely looks to now break that pattern and apparently suggests they stopped banks and financial transfer companies from selling the Dollar.. Or more simply may just have ceased the auctions like we have been waiting for... They in recent past were using the money to boost banks balance sheets abroad.. Not the case here.... We shall see. [post 2 of 2]
9-2-2018 Newshound Guru MilitiaMan Article: "Central announces the sale of more than 174 million dollars through the auction" I would like to point out that the above appears to be telling us they held a special auction ...[Friday]. I am no expert on the auctions be sure. But, the pattern we have witnessed from time back...shows a clear pattern change to that of the above. First...they did one...on a holy day... Not normal behavior, from what I recall. They are in line with talking about foreign currencies... But, the above imo is excluding the USD and in fact they are not talking physical currency for the most part, as the largest portion is in the form of remittances and credits the other is in foreign currencies, i.e., electronically. Well with sanctions being imposed on Iran using the dollar, we can see they are curtailing the ability for that to happen as Abadi has been clear on the matter. However, they appear to still be buying and selling other Foreign Currencies and possibly within the local region. [post 1 of 2....stay tuned]
9-2-2018 Newshound Guru Currency365 BREAKING: Sadr & Abadi alliance form largest parliamentary bloc after striking deal with Sunni National Axis Alliance ...
9-2-2018 Newshound Guru chattels Quote: "Sadr-Abadi bloc announces formation of Iraq’s largest parliamentary bloc" According to Iraq’s state news agency, the alliance includes 177 lawmakers from 16 different lists to unite in Iraq’s 329-seat chamber. The breakthrough came when the Sunni National Axis Alliance agreed to join the bloc. The Kurdistan Democratic Party (KDP) and Patriotic Union of Kurdistan (PUK) are not currently part of the bloc. If true then the bloc has 12 supporters more than needed.
9-2-2018 Newshound Gurus Bloodloch and Kathy Article: "Sadr-Abadi bloc announces formation of Iraq’s largest parliamentary bloc" Quote: "Muqtada al-Sadr’s Sayirun, Haider al-Abadi’s Nasr (Victory), and fourteen other political groups have announced the formation of the biggest parliamentary bloc capable of forming Iraq’s next government." And then there were 177, well over the 165 threshold for control of government formation. Looking forward to tomorrow's (Monday) Session of Parliament. This is awesome!
9-2-2018 Newshound Guru Don961 Article: "Legal : It is not permissible to extend the period specified by the Constitution for the convening of the first parliament session" So...the opening session must go on tomorrow by law...to swear in newbies, etc...but if there is a quorum, the eldest MP, who opens the show , can ask for a vote on a 15-day extension to allow the blocs more time (15 days) to agree on candidates for a new President and Vice-Presidents of the House, etc...then the other 2 can be worked on... President of the Republic and PM...by the majority bloc...to round out the 3 Presidencies of the GOI...imo.
9-2-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, Maliki says he will not accept nomination to be new PM. Says he made this promise many years ago & is bound to it.
9-2-2018 Newshound Guru chattels Neither of the two main coalitions have a majority at this time. Both the Sunni and Kurds appear to be trying to leverage their support for various concessions from both coalitions. It may be weeks or months before the outcome is determined. The ultimate question /concern is whether either coalition will enable our liquidity event. We wait, watch and wonder which or whether either "winning" bloc will make a wit of difference in what we wish for.
9-2-2018 Newshound Guru MilitiaMan As noted, they are excluding banks and financial transfer companies to sell the Dollar, thus, one might ask who gets remittances and or credits and for what purposes and in relatively large amounts? Contractors, etc.? Sure they fit, and as we know and we have been told the Auctions will cease to exist, as we have previously been used to. This surely looks to now break that pattern and apparently suggests they stopped banks and financial transfer companies from selling the Dollar.. Or more simply may just have ceased the auctions like we have been waiting for... They in recent past were using the money to boost banks balance sheets abroad.. Not the case here.... We shall see. [post 2 of 2]
9-2-2018 Newshound Guru MilitiaMan Article: "Central announces the sale of more than 174 million dollars through the auction" I would like to point out that the above appears to be telling us they held a special auction ...[Friday]. I am no expert on the auctions be sure. But, the pattern we have witnessed from time back...shows a clear pattern change to that of the above. First...they did one...on a holy day... Not normal behavior, from what I recall. They are in line with talking about foreign currencies... But, the above imo is excluding the USD and in fact they are not talking physical currency for the most part, as the largest portion is in the form of remittances and credits the other is in foreign currencies, i.e., electronically. Well with sanctions being imposed on Iran using the dollar, we can see they are curtailing the ability for that to happen as Abadi has been clear on the matter. However, they appear to still be buying and selling other Foreign Currencies and possibly within the local region. [post 1 of 2....stay tuned]
9-1-2018 Newshound/Intel Guru Mnt Goat Article: "DUE TO THE ABSENCE OF A POLITICAL AGREEMENTS THE FIRST PARLIAMENT SESSION COULD BE POSTPONED TO SEPTEMBER 15 DUE TO POLITICAL DIFFERENCES" Just got word that they may postpone the first session until Sept 15th...It appears maybe this ongoing elections saga is NOT yet over…
9-1-2018 Newshound Guru Adam Montana [...if the current leader doesn’t stay in...who is waiting in the wings and how’s it looking (in your opinion) if they take the reins in Iraq?] I have a long list of potential government structures, with quite a few variations regarding the "who's who" and "where they are" on the totem pole over there... all of my possibilities that I've drawn up seem fine to me. The ONLY scenario that I would cringe at is if Maliki somehow took over Abadi's current role... that would be a serious setback of at least a couple years, IMO. I don't see that happening... If it doesn't, then I think we're going to be in good hands.
9-1-2018 Intel Guru ADMINBILL NEWS AND INFORMATION REMAINS POSITIVE...We are in a great window of opportunity. A three day weekend is upon.
9-1-2018 Newshound Guru Breitling …There is nothing that has pushed the ability for the Iraqi dinar to revalue more than Trump’s energy plans. Because it puts Iraq in a position that they have to add value to their currency to participate internationally…in the end it all narrows down to energy and 90% of Iraq’s economy is based on energy. This is why Iraq is going to have to react to the market…the market IS the sanctions on Russia. The market IS the tariffs on China. The market IS the sanctions and tariffs on Iran. So those are the engine of the market. And that’s how you can anticipate what’s going on.
9-1-2018 Newshound/Intel Guru Mnt Goat Article: "STRUCTURAL AND TECHNICAL DEVELOPMENTS CARRIED OUT BY THE CBI (2016-2017) CONTRIBUTED TO THE EMERGENCE OF PROMINENT FEATURES TO ACHIEVE FINANCIAL AND MONETARY STABILITY" Okay you heard it from the CBI itself. They have achieved this needed FINANCIAL AND MONITARY STABILITY. So we are hearing all they now need is the POLITICAL STABILITY (completion of the election saga) and they are going to pop this reinstatement.
9-1-2018 Newshound Guru Kaperoni [Is it true the meeting that was set for this weekend may be delayed till the 15th now?] Constitution requires the first session to be held within 10 days of Supreme Court ratification of election results. That day is Sept 4.
9-1-2018 Newshound Guru Adam Montana [...if the current leader doesn’t stay in...who is waiting in the wings and how’s it looking (in your opinion) if they take the reins in Iraq?] I have a long list of potential government structures, with quite a few variations regarding the "who's who" and "where they are" on the totem pole over there... all of my possibilities that I've drawn up seem fine to me. The ONLY scenario that I would cringe at is if Maliki somehow took over Abadi's current role... that would be a serious setback of at least a couple years, IMO. I don't see that happening... If it doesn't, then I think we're going to be in good hands.
9-1-2018 Intel Guru ADMINBILL NEWS AND INFORMATION REMAINS POSITIVE...We are in a great window of opportunity. A three day weekend is upon.
9-1-2018 Newshound Guru Breitling …There is nothing that has pushed the ability for the Iraqi dinar to revalue more than Trump’s energy plans. Because it puts Iraq in a position that they have to add value to their currency to participate internationally…in the end it all narrows down to energy and 90% of Iraq’s economy is based on energy. This is why Iraq is going to have to react to the market…the market IS the sanctions on Russia. The market IS the tariffs on China. The market IS the sanctions and tariffs on Iran. So those are the engine of the market. And that’s how you can anticipate what’s going on.
9-1-2018 Newshound/Intel Guru Mnt Goat Article: "STRUCTURAL AND TECHNICAL DEVELOPMENTS CARRIED OUT BY THE CBI (2016-2017) CONTRIBUTED TO THE EMERGENCE OF PROMINENT FEATURES TO ACHIEVE FINANCIAL AND MONETARY STABILITY" Okay you heard it from the CBI itself. They have achieved this needed FINANCIAL AND MONITARY STABILITY. So we are hearing all they now need is the POLITICAL STABILITY (completion of the election saga) and they are going to pop this reinstatement.
9-1-2018 Newshound Guru Kaperoni [Is it true the meeting that was set for this weekend may be delayed till the 15th now?] Constitution requires the first session to be held within 10 days of Supreme Court ratification of election results. That day is Sept 4.
8-31-2018 Newshound Guru Adam Montana [...tell me what do you really think the value will be once this is RV...] I've been a long time supporter of a .10 RV.
8-31-2018 Intel Gurus Frank26 and Delta Iraq new 500-dinar note with Kurdish confirmed. [SO WHY CBI IS GOING TO INTRODUCE MORE 500...IF ALREADY DID A LOT OF THEM ON 2016.] CAUSE THE NEWER ONES HAVE THE SECURITY FEATURES ON THEM VERSES THE OLD ONES AND...TO TRACK EVERY DINAR IN THE WORLD. (big grin)
8-31-2018 Newshound Guru Don961 Article: "Advisor To The Prime Minister For Finance To Imn: Iraq's Financial Coffers Increased To $ 58 Billion" Quote: "monetary policy more transparent than fiscal policy," noting that "the economy's economy created a convergence between the financial and monetary policies." Hmmm...converging of financial and monetary policies hey Mr. Saleh...what are you trying to tell us...is converging exchange rates next?
8-31-2018 Newshound Guru MilitiaMan Quote: "...We welcome the existence of any cooperation between us and neighboring countries in the field of local currencies..." ...in fact it is a kind gesture to be so considerate at this juncture, as to almost tip his hand on what is effectively going to happen in the short term. If there were not a need to mention currencies, why do so? He wouldn't, he would if there is an all likelihood a big change or differential in currencies to come and soon, that is why.. Imo..
8-31-2018 Newshound Guru Adam Montana [When the elections will be really over? And the new PM will be announce? They are dragging and dragging the process.] Actually, they are moving faster than they have in previous situations. I'm optimistic over their constant improvements in their political processes - it would have been nice to cash in already, but it would not be nice to have them not making improvements. Patience and a little bit of faith... sometimes both come in handy.
8-31-2018 Newshound Guru Don961 Article: "Dagher: $ 58.7 billion in Iraq's hard currency reserves and 89 tons of gold" Quote: "...And the deletion of the three zeros of the Iraqi currency, he replied Dagher that "this issue purely technical and has nothing to do with the rise or fall of prices, and we are in the form of coins in our future projects, although it is high cost, but it is longer in circulation..." cool...telling the citizens and the world , deleting the 3 zeroes ain't no thang...doesn't reduce purchasing power or cause inflation in market prices...merely a technicality just replacing the big notes with more manageable numbers to use in the marketplace...and adding coins ...even though they cost more to mint...they will last longer in circulation...imo.
8-31-2018 Intel Guru Bruce [via Pinkroses] ...what is going on in Iraq...there is a super freighter...full of goods from China...They are waiting for the Bill of Lading...in conjunction of payment coming from newly revalued new Iraqi dinar at midnight...Friday night. The other thing we are hearing that the new Qi cards have been issued throughout the citizens of Iraq. Those will be activated on Tuesday. They will be available to be utilized and paid the oil revenues that are paid to the citizens, a certain percentage. I believe those payments will be available after those cards are activated which will be September 5th, Wednesday. ...The 1st is...Saturday and we are hearing we supposed to wrap this thing up at the end of the month which is tomorrow [Friday]. It is still quite possible that will happen... there is an off chance, possibility that we could get started over the weekend. We are right down to the wire.
8-31-2018 Newshound/Intel Guru BGG Where are we with this investment? ...Here are some thoughts on the current situation... So many say the politics don’t matter to the currency. This isn’t exactly accurate. The politics impact the economy… Iraq’s currency is, by many astute accounts, “grossly undervalued”. A basic definition of currency? It is a promissory note on the underlying economy of the country. I am assuming any governing body with say in this matter is going to refrain until the results are final and a government transition is made or is being made. Just my thinking. How is this formation coming along? There are now two main groups competing for the chance to form the next GOI…
8-31-2018 Intel Gurus Frank26 and Delta Iraq new 500-dinar note with Kurdish confirmed. [SO WHY CBI IS GOING TO INTRODUCE MORE 500...IF ALREADY DID A LOT OF THEM ON 2016.] CAUSE THE NEWER ONES HAVE THE SECURITY FEATURES ON THEM VERSES THE OLD ONES AND...TO TRACK EVERY DINAR IN THE WORLD. (big grin)
8-31-2018 Newshound Guru Don961 Article: "Advisor To The Prime Minister For Finance To Imn: Iraq's Financial Coffers Increased To $ 58 Billion" Quote: "monetary policy more transparent than fiscal policy," noting that "the economy's economy created a convergence between the financial and monetary policies." Hmmm...converging of financial and monetary policies hey Mr. Saleh...what are you trying to tell us...is converging exchange rates next?
8-31-2018 Newshound Guru MilitiaMan Quote: "...We welcome the existence of any cooperation between us and neighboring countries in the field of local currencies..." ...in fact it is a kind gesture to be so considerate at this juncture, as to almost tip his hand on what is effectively going to happen in the short term. If there were not a need to mention currencies, why do so? He wouldn't, he would if there is an all likelihood a big change or differential in currencies to come and soon, that is why.. Imo..
8-31-2018 Newshound Guru Adam Montana [When the elections will be really over? And the new PM will be announce? They are dragging and dragging the process.] Actually, they are moving faster than they have in previous situations. I'm optimistic over their constant improvements in their political processes - it would have been nice to cash in already, but it would not be nice to have them not making improvements. Patience and a little bit of faith... sometimes both come in handy.
8-31-2018 Newshound Guru Don961 Article: "Dagher: $ 58.7 billion in Iraq's hard currency reserves and 89 tons of gold" Quote: "...And the deletion of the three zeros of the Iraqi currency, he replied Dagher that "this issue purely technical and has nothing to do with the rise or fall of prices, and we are in the form of coins in our future projects, although it is high cost, but it is longer in circulation..." cool...telling the citizens and the world , deleting the 3 zeroes ain't no thang...doesn't reduce purchasing power or cause inflation in market prices...merely a technicality just replacing the big notes with more manageable numbers to use in the marketplace...and adding coins ...even though they cost more to mint...they will last longer in circulation...imo.
8-31-2018 Intel Guru Bruce [via Pinkroses] ...what is going on in Iraq...there is a super freighter...full of goods from China...They are waiting for the Bill of Lading...in conjunction of payment coming from newly revalued new Iraqi dinar at midnight...Friday night. The other thing we are hearing that the new Qi cards have been issued throughout the citizens of Iraq. Those will be activated on Tuesday. They will be available to be utilized and paid the oil revenues that are paid to the citizens, a certain percentage. I believe those payments will be available after those cards are activated which will be September 5th, Wednesday. ...The 1st is...Saturday and we are hearing we supposed to wrap this thing up at the end of the month which is tomorrow [Friday]. It is still quite possible that will happen... there is an off chance, possibility that we could get started over the weekend. We are right down to the wire.
8-31-2018 Newshound/Intel Guru BGG Where are we with this investment? ...Here are some thoughts on the current situation... So many say the politics don’t matter to the currency. This isn’t exactly accurate. The politics impact the economy… Iraq’s currency is, by many astute accounts, “grossly undervalued”. A basic definition of currency? It is a promissory note on the underlying economy of the country. I am assuming any governing body with say in this matter is going to refrain until the results are final and a government transition is made or is being made. Just my thinking. How is this formation coming along? There are now two main groups competing for the chance to form the next GOI…
8-30-2018 Newshound Guru Bloodloch With the larger 4 axis alliances of Saron (Sadr), Victory (Abadi), Wisdom (Hakim), and National (Allawi) totaling 136 seats BEFORE adding in the 2 largest Kurd alliances -- and the 2 opposing axis of Ameri and Malaki totaling 131 AFTER adding in an ALL Kurdish alliances, which is unlikely -- the Ameri and Maliki axis would still need to run the board of almost all remaining alliances to gain the 165 needed for control of government formation. The Kurds are wielding great influence right now and are likely playing brinksmanship to get a larger piece of pie at the table, or at least the 17% of the HCL they were Constitutionally promised. [post 2 of 2]
8-30-2018 Newshound Guru Bloodloch ...the Kurds would never join with Ameri and Malaki, but even if every single Kurd faction joined them, they would have just 131 seats give or take a seat after the recount, leaving them 34 seats short of the 165 they would need to dictate the formation of the new government. And while there are some Iran-friendly factions, it's also hard to imagine that Najafi would throw his 14 seats their way. [post 1 of 2....stay tuned]
8-30-2018 Intel Guru Frank26 ANOTHER COLOSSAL LEAK ...BUT THIS TIME FROM ...ABADI!!!...THAT IS A FIRST ...IMO...HE TELLS THE CITIZENS AS THE GLOBAL INVESTING COMMUNITY WATCHES ...THAT HE IS GOING TO DO MANY THINGS FOR IRAQ AND CITIZENS ...THEN!!!...HE TELLS THE GLOBAL INVESTING WORLD THAT HE ALSO WELCOMES THEM AND WILL USE OUR IRAQ'S DINAR... CURRENCY...WITH THEM!!!...BUT RIGHT NOW THEY CAN NOT...LOL...HE IS TELEGRAPHING TO THEM THAT SOON THE DINAR CURRENCY WILL BE...WAIT FOR IT...WAIT LOL...INTERNATIONAL!!!
8-30-2018 Newshound Guru Currency365 Iraq has no option but release small notes & release purchasing power or Iran will bankrupt them with fake IQD cause Iran needs USD badly to survive...Trump set Nov 4th as the date all Allies must stop oil imports to Iran...IRAQ MUST PROTECT THEMSELVES & THEIR ECONOMY...
8-30-2018 Newshound/Intel Guru BGG [reference Guru Kaperoni post 8-29-2018, "In typical Iraqi fashion...] The new GOI being formed matters. Our main difference – I am more optimistic on the GOI formation timeline.
8-30-2018 Newshound/Intel Guru Mnt Goat ...The new government is to begin on September 6th with the first session of parliament. ...The news at this time could not get any better (except maybe telling us the RV is happening...lol ...I can assure everyone without a shadow of a doubt that the RV is NOT going to occur until we hear some solid news from the CBI on this effort...Since April the CBI has told us they are putting the “project to delete the zeros” “on hold” until AFTER the elections. So on Sept 6th it will be officially AFTER the elections. But this does not mean the CBI is going to jump all of a sudden and trigger the RV. ...They are NOT going to do this event without warning the citizens first and educating them on the new bills and coins. ...I am told that this event will be huge and circulated through the entire Iraq and that we can’t miss the articles. So we sit, relax and just let them do their business. When it is time we will know.
8-30-2018 Newshound Guru Bloodloch Article quote: "A senior Kurdish delegation is to visit the capital Baghdad for talks that have been described as decisive and may lead to the formation of the new Iraqi government." Despite the clarions of doom saying it will take months to form the new Iraqi government, I believe it will happen in relatively short time frame. The push from USA conflicts with the Iraqi's natural and very human tendency to resist being pushed around, but in the end, it will all work itself out. There is a lot of economic pressure to get this done and light this candle. Let's see what Friday brings in Baghdad.
8-30-2018 Newshound Guru chattels The CBI announces everyday the Market rate on its site, its called the ”Dollars Exchange Rate in Baghdad Markets “ and it shows perfect compliance since June. ...the CBI according to this report met 2% compliance on March 14 2018 and and has been able to maintain it to date. So good news. Many of us we unaware of the posting at the CBI and have been watching news reports.
[Side Note: The latest CBI reported market rate can always be found on the left side of this page...the last CBI update shows the market rate of 1206 as of 8-30-2018...this is within the 2% rule.]
8-30-2018 Newshound Guru Bloodloch ...the Kurds would never join with Ameri and Malaki, but even if every single Kurd faction joined them, they would have just 131 seats give or take a seat after the recount, leaving them 34 seats short of the 165 they would need to dictate the formation of the new government. And while there are some Iran-friendly factions, it's also hard to imagine that Najafi would throw his 14 seats their way. [post 1 of 2....stay tuned]
8-30-2018 Intel Guru Frank26 ANOTHER COLOSSAL LEAK ...BUT THIS TIME FROM ...ABADI!!!...THAT IS A FIRST ...IMO...HE TELLS THE CITIZENS AS THE GLOBAL INVESTING COMMUNITY WATCHES ...THAT HE IS GOING TO DO MANY THINGS FOR IRAQ AND CITIZENS ...THEN!!!...HE TELLS THE GLOBAL INVESTING WORLD THAT HE ALSO WELCOMES THEM AND WILL USE OUR IRAQ'S DINAR... CURRENCY...WITH THEM!!!...BUT RIGHT NOW THEY CAN NOT...LOL...HE IS TELEGRAPHING TO THEM THAT SOON THE DINAR CURRENCY WILL BE...WAIT FOR IT...WAIT LOL...INTERNATIONAL!!!
8-30-2018 Newshound Guru Currency365 Iraq has no option but release small notes & release purchasing power or Iran will bankrupt them with fake IQD cause Iran needs USD badly to survive...Trump set Nov 4th as the date all Allies must stop oil imports to Iran...IRAQ MUST PROTECT THEMSELVES & THEIR ECONOMY...
8-30-2018 Newshound/Intel Guru BGG [reference Guru Kaperoni post 8-29-2018, "In typical Iraqi fashion...] The new GOI being formed matters. Our main difference – I am more optimistic on the GOI formation timeline.
8-30-2018 Newshound/Intel Guru Mnt Goat ...The new government is to begin on September 6th with the first session of parliament. ...The news at this time could not get any better (except maybe telling us the RV is happening...lol ...I can assure everyone without a shadow of a doubt that the RV is NOT going to occur until we hear some solid news from the CBI on this effort...Since April the CBI has told us they are putting the “project to delete the zeros” “on hold” until AFTER the elections. So on Sept 6th it will be officially AFTER the elections. But this does not mean the CBI is going to jump all of a sudden and trigger the RV. ...They are NOT going to do this event without warning the citizens first and educating them on the new bills and coins. ...I am told that this event will be huge and circulated through the entire Iraq and that we can’t miss the articles. So we sit, relax and just let them do their business. When it is time we will know.
8-30-2018 Newshound Guru Bloodloch Article quote: "A senior Kurdish delegation is to visit the capital Baghdad for talks that have been described as decisive and may lead to the formation of the new Iraqi government." Despite the clarions of doom saying it will take months to form the new Iraqi government, I believe it will happen in relatively short time frame. The push from USA conflicts with the Iraqi's natural and very human tendency to resist being pushed around, but in the end, it will all work itself out. There is a lot of economic pressure to get this done and light this candle. Let's see what Friday brings in Baghdad.
8-30-2018 Newshound Guru chattels The CBI announces everyday the Market rate on its site, its called the ”Dollars Exchange Rate in Baghdad Markets “ and it shows perfect compliance since June. ...the CBI according to this report met 2% compliance on March 14 2018 and and has been able to maintain it to date. So good news. Many of us we unaware of the posting at the CBI and have been watching news reports.
[Side Note: The latest CBI reported market rate can always be found on the left side of this page...the last CBI update shows the market rate of 1206 as of 8-30-2018...this is within the 2% rule.]
8-29-2018 Newshound Guru Kaperoni [ I apparently missed something. I thought they had fallen out of compliance this week!] No, there were reports from the media about the spread rising but the auctions had not occurred since last week due to the holiday. That rising spread certainly is a concern. Once the auction started again it appears they are still within compliance based on media reports. But then again none of this is official. The Market Rate spread in Iraq has going down a little bit today so good news after 3 days of currency auctions. Sell 1206 to $1 and buy 1200 to $1. The requirements the IMF puts on Iraq to meet Article VIII compliance can be confusing ...
[Side Note: The latest CBI reported market rate can always be found on the left side of this page...the last CBI update shows the market rate of 1206 as of 8-29-2018...this is within the 2% rule.]
8-29-2018 Intel Guru Bruce …I know everyone out there is sort of tired of this ride. Let’s be honest. We all are…Everybody is ready for this to go. We have been ready. However, this is a process and we know there are a lot of moving parts. Sometimes parts come in that we haven’t considered, we weren’t aware that was something that needed to be done, one more thing, that kind of thing. This has been something that has evolved and moved and it is not easy to track and get all the puzzle pieces. You wonder at times who is really in control of this…We are getting closer and closer to figure out what this process is of release…
8-29-2018 Newshound Guru MilitiaMan ...Keep in mind when Iraq re-instates her currency, it may have a very huge impact on the economies of other countries that may be under duress from various and obvious reasons with their respective currencies. The fall out may be very substantial...and in fact it is a kind gesture to be so considerate at this juncture to almost tip his hand on what is effectively going to happen. If there were not a need to mention currencies, why do so? HE wouldn't, he would as there is in all likelyhood a change to come and soon, that is why.. Imo. [post 2 of 2]
8-29-2018 Newshound Guru MilitiaMan Article: "Summary of the weekly conference of Prime Minister Haider Abadi" So we see Abadi refer to what was required by Al Sistani since 2014 and those goals are and have been achieved. That is not coming from a defeated Prime Minister's point of view. It is coming from the new and welcomed Prime Minister for a Second term, as I see it. It goes on to make a very substantial point to the his people, regional interests and the world. He is making it known that he has the citizens in mind with respect to abiding by sanctions on Iran while at the same time maintaining a respectful stance towards neighboring countries and their currencies. [post 1 of 2....stay tuned]
8-29-2018 Newshound Guru Breitling …Iraq is in a good position. Even with their currency at a tenth of a penny. There is no bad situation here. It simply does not exist. The currency is strong even at a tenth of a penny. They are using it for a purpose at that rate. There is a reason the CBI, the Ministry of Planning, the Ministry of Finance and parliament went to the IMF and said, "Hey, we want to start raising the rate, what do we need to do? What positions do we need to be in?' And they kind of gave them a charter in order to do that. It’s very simple. They haven’t gone off the reservation on that at all... Since I’ve gotten involved in this investment or this opportunity, it has not changed at all…it’s a timing issue and it’s related to the markets…
8-29-2018 Newshound Guru Kaperoni In typical Iraqi fashion...I believe things are now being delayed due to the lack of formation of the government which has direct impact on currency reform, opening the banking system, inviting foreign investment. We also learn from one of our members who contacted the IMF that the Article IV Consultation has been delayed until the formation of the government. And if what we believe is correct - that nothing will occur until after that consultation it seems like we're just have to wait a few more months. And of course all the while keeping a watchful eye on the CBI currency auctions to make sure that they stay in compliance under the IMF requirements for Article VIII acceptance.
8-29-2018 Newshound/Intel Guru Mnt Goat IS ARTICLE 140 NEEDED PRIOR TO THE RV? The news media from Iraq is now saying 140 has to be done based on news that Kurdistan has negotiated this into the election. What did this Article 140 deal mean? Does it mean that it must be “fully” implemented then prior to the RV? No! ...It did NOT say that full implementation would be accomplished right away, thus maybe not before the reinstatement and RV could happen (but maybe before since no one really knows). It did however say that “full” guarantees had to be given that the referendum on this topic, according to the constitution, would have to be drawn up and presented to parliament. A timeline would also be guaranteed. ...Also, the last part of HCL is on this list of needed laws.
8-29-2018 Intel Guru Frank26 IF I COULD GIVE YOU A TITLE FOR THE MONTH OF AUGUST I WOULD CALL IT..."GAME ON"... GOD ONLY KNOWS WHEN THEY WILL RI...BUT THEY ARE TRYING TO TELL YOU...THAT THEY ARE GOING TO...IMO. ...FROM THE 3RD TO THE 10TH WILL BE LOUD ABOUT...JUSTICE AND...ABOUT THE CURRENCY OF IRAQ...SOMETHING'S HAPPENING...AND YOU KNOW IT...WE HAVE NEVER BEEN ON THIS GROUND BEFORE...INDEED...GAME IS ON....
[Side Note: The latest CBI reported market rate can always be found on the left side of this page...the last CBI update shows the market rate of 1206 as of 8-29-2018...this is within the 2% rule.]
8-29-2018 Intel Guru Bruce …I know everyone out there is sort of tired of this ride. Let’s be honest. We all are…Everybody is ready for this to go. We have been ready. However, this is a process and we know there are a lot of moving parts. Sometimes parts come in that we haven’t considered, we weren’t aware that was something that needed to be done, one more thing, that kind of thing. This has been something that has evolved and moved and it is not easy to track and get all the puzzle pieces. You wonder at times who is really in control of this…We are getting closer and closer to figure out what this process is of release…
8-29-2018 Newshound Guru MilitiaMan ...Keep in mind when Iraq re-instates her currency, it may have a very huge impact on the economies of other countries that may be under duress from various and obvious reasons with their respective currencies. The fall out may be very substantial...and in fact it is a kind gesture to be so considerate at this juncture to almost tip his hand on what is effectively going to happen. If there were not a need to mention currencies, why do so? HE wouldn't, he would as there is in all likelyhood a change to come and soon, that is why.. Imo. [post 2 of 2]
8-29-2018 Newshound Guru MilitiaMan Article: "Summary of the weekly conference of Prime Minister Haider Abadi" So we see Abadi refer to what was required by Al Sistani since 2014 and those goals are and have been achieved. That is not coming from a defeated Prime Minister's point of view. It is coming from the new and welcomed Prime Minister for a Second term, as I see it. It goes on to make a very substantial point to the his people, regional interests and the world. He is making it known that he has the citizens in mind with respect to abiding by sanctions on Iran while at the same time maintaining a respectful stance towards neighboring countries and their currencies. [post 1 of 2....stay tuned]
8-29-2018 Newshound Guru Breitling …Iraq is in a good position. Even with their currency at a tenth of a penny. There is no bad situation here. It simply does not exist. The currency is strong even at a tenth of a penny. They are using it for a purpose at that rate. There is a reason the CBI, the Ministry of Planning, the Ministry of Finance and parliament went to the IMF and said, "Hey, we want to start raising the rate, what do we need to do? What positions do we need to be in?' And they kind of gave them a charter in order to do that. It’s very simple. They haven’t gone off the reservation on that at all... Since I’ve gotten involved in this investment or this opportunity, it has not changed at all…it’s a timing issue and it’s related to the markets…
8-29-2018 Newshound Guru Kaperoni In typical Iraqi fashion...I believe things are now being delayed due to the lack of formation of the government which has direct impact on currency reform, opening the banking system, inviting foreign investment. We also learn from one of our members who contacted the IMF that the Article IV Consultation has been delayed until the formation of the government. And if what we believe is correct - that nothing will occur until after that consultation it seems like we're just have to wait a few more months. And of course all the while keeping a watchful eye on the CBI currency auctions to make sure that they stay in compliance under the IMF requirements for Article VIII acceptance.
8-29-2018 Newshound/Intel Guru Mnt Goat IS ARTICLE 140 NEEDED PRIOR TO THE RV? The news media from Iraq is now saying 140 has to be done based on news that Kurdistan has negotiated this into the election. What did this Article 140 deal mean? Does it mean that it must be “fully” implemented then prior to the RV? No! ...It did NOT say that full implementation would be accomplished right away, thus maybe not before the reinstatement and RV could happen (but maybe before since no one really knows). It did however say that “full” guarantees had to be given that the referendum on this topic, according to the constitution, would have to be drawn up and presented to parliament. A timeline would also be guaranteed. ...Also, the last part of HCL is on this list of needed laws.
8-29-2018 Intel Guru Frank26 IF I COULD GIVE YOU A TITLE FOR THE MONTH OF AUGUST I WOULD CALL IT..."GAME ON"... GOD ONLY KNOWS WHEN THEY WILL RI...BUT THEY ARE TRYING TO TELL YOU...THAT THEY ARE GOING TO...IMO. ...FROM THE 3RD TO THE 10TH WILL BE LOUD ABOUT...JUSTICE AND...ABOUT THE CURRENCY OF IRAQ...SOMETHING'S HAPPENING...AND YOU KNOW IT...WE HAVE NEVER BEEN ON THIS GROUND BEFORE...INDEED...GAME IS ON....
8-28-2018 Newshound Guru Adam Montana ...the one thing that is missing, now that the Elections are mostly concluded, is HCL. I know I harp on that a lot, but it's truly the one thing I see that MUST be done in order to have a successful RV.
8-28-2018 Newshound Guru Walkingstick Article: “Legal expert: If the first session of the parliament is not held, the president will set a new date” [Say it ain’t so that Massoum can put off the Sept 3rd date. Am I reading this correctly?] No...he can not... ...The article, is not...referring to Masum...changing the date... But, setting a new date if a quorum is not met.
8-28-2018 Intel Guru Frank26 WS [Guru Walkingstick] brought us Exchange website with 127 countries...they are positioning right now...But once they RI...volume will be volatile...trading will explode...this introducing is for Global Markets! ...when Central Banks saw that...CBI telling Countries it's a form of Declaration of confidence of the IQD! The pairing was not done for nothing! It shows the final stages of the Monetary Reform...The only tool CBI has been using is the Auctions & Art 8 in order to stay + or - 2%...But if they RI they will be given more tools to maintain 2%. Talk within circle of CBI & all Private Banks & understanding is...they will get official nod when to prepare... ALL Banks around the world...every Bank on this planet is connected to the CBI...wow! [post 2 of 2]
8-28-2018 Intel Guru Frank26 [highlights via Clare] Iraq...don't mess up! USA is in control...Don't mess up with Debt or Inflation or Iranian influence on the Auctions or with Debt on the Budget... we will impose Sanctions & Bring in more Military if you do!! ...Pressure to do something NOW! 6-8 banks in Iraq under suspicion of funneling $ to Iran...UST wants them to RI NOW! In so doing, shuts the tool which is, misuse of the CBI Auctions...They are being told STOP THE AUCTIONS which is the definition of the RI of the currency. Abadi & Cabinet are the Executive Branch! They are important to the RI not the Parliament...Sept. 3rd seat GOI & Sept. 5th HCL in effect for Citizens...on cards. [post 1 of 2....stay tuned]
8-28-2018 Newshound Guru Currency365 MAYBE THEY'LL ANNOUNCE IT MONDAY? [Largest Block ?] ...Fuad Masum issued a decree calling the House of Representatives to convene Monday 9-3-18. The session shall be chaired by the oldest member. The decree shall be implemented from the date of its issuance and published in the Official Gazette.
8-28-2018 Newshound/Intel Guru Mnt Goat So today [Monday] we are told that Iraq is supposed to announce the largest bloc and give their line-up of candidates for the needed govt positions. I suspect if they don’t get these votes committed from the KRG to the Sadrist Movement soon this may stall the announcement and they may even go right up to September before they make it. We wait and see how it plays out.
8-28-2018 Intel Guru ADMINBILL So here we are after another weekend with high expectations once again with no RV. Next stop, Labor Day Weekend? Let's see what develops today and through the week...There is absolutely no reason to be down in the dumps...!
8-28-2018 Newshound Guru Breitling ...Do you think the coke and the candy bar are gong to stay at a tenth of a penny? Yeah, then they would be millionaires inside of Iraq. But it’s not. The coke and the candy bar are now going to be worth a US dollar. So they don’t gain like you and I gain. We bet with the US dollar and they did not…Price of real estate, prices of goods and services, the labor force, everything will follow the value. For some reason people confuse that. You and I bought at a tenth of a penny out of a US dollar. So that is where we get our gains... [Post 2 of 2]
8-28-2018 Newshound Guru Breitling We alway get this question, “One day it’s going to revalue in Iraq and all these Iraqis are going to be instant millionaires…” Its’ doesn’t work that way…what happens is that you and I used the US dollar to purchase the currency…at a tenth of a penny. The Iraqi’s were given that currency. So the market inside Iraq reflects that tenth of a penny. In other words if you go down to buy a coke or candy bar…it’s based on an economy based on a tenth of a penny. What do you thinks going to happen when the value of the Iraqi dinar goes up to a buck? [Post 1 of 2 Stay tuned]
8-28-2018 Newshound Guru Kaperoni The media in Iraq is reporting an increase in the spread today [Monday]. Sale of dollar is 1220 to $1 and purchase of dollars is 1210 to $1. It looks like the CBI has fallen out of IMF compliance. Continue to monitor.
[Side Note: The latest CBI reported market rate can always be found on the left side of this page...the last CBI update shows the market rate of 1207 as of 8-28-2018...this is within the 2% rule.]
8-28-2018 Newshound/Intel Guru BGG I am assuming any governing body with say in this matter is going to refrain until the results are final and a government transition is made or is being made. Just my thinking....Short story: I am very encouraged with what we are seeing in the news right now. It’s no guarantee of anything right away – but it looks like some big moves being in the right direction. [post 2 of 2]
8-28-2018 Newshound/Intel Guru BGG Where are we with this investment? It’s something I get asked all the time. So many have been wrong – me included. Here are some thoughts on the current situation that may help some folks. So many say the politics don’t matter to the currency. This isn’t exactly accurate. The politics impact the economy… Iraq’s currency is, by many astute accounts, “grossly undervalued”. A basic definition of currency? It is a promissory note on the underlying economy of the country. [post 1 of 2....stay tuned]
8-28-2018 Newshound Guru Walkingstick Article: “Legal expert: If the first session of the parliament is not held, the president will set a new date” [Say it ain’t so that Massoum can put off the Sept 3rd date. Am I reading this correctly?] No...he can not... ...The article, is not...referring to Masum...changing the date... But, setting a new date if a quorum is not met.
8-28-2018 Intel Guru Frank26 WS [Guru Walkingstick] brought us Exchange website with 127 countries...they are positioning right now...But once they RI...volume will be volatile...trading will explode...this introducing is for Global Markets! ...when Central Banks saw that...CBI telling Countries it's a form of Declaration of confidence of the IQD! The pairing was not done for nothing! It shows the final stages of the Monetary Reform...The only tool CBI has been using is the Auctions & Art 8 in order to stay + or - 2%...But if they RI they will be given more tools to maintain 2%. Talk within circle of CBI & all Private Banks & understanding is...they will get official nod when to prepare... ALL Banks around the world...every Bank on this planet is connected to the CBI...wow! [post 2 of 2]
8-28-2018 Intel Guru Frank26 [highlights via Clare] Iraq...don't mess up! USA is in control...Don't mess up with Debt or Inflation or Iranian influence on the Auctions or with Debt on the Budget... we will impose Sanctions & Bring in more Military if you do!! ...Pressure to do something NOW! 6-8 banks in Iraq under suspicion of funneling $ to Iran...UST wants them to RI NOW! In so doing, shuts the tool which is, misuse of the CBI Auctions...They are being told STOP THE AUCTIONS which is the definition of the RI of the currency. Abadi & Cabinet are the Executive Branch! They are important to the RI not the Parliament...Sept. 3rd seat GOI & Sept. 5th HCL in effect for Citizens...on cards. [post 1 of 2....stay tuned]
8-28-2018 Newshound Guru Currency365 MAYBE THEY'LL ANNOUNCE IT MONDAY? [Largest Block ?] ...Fuad Masum issued a decree calling the House of Representatives to convene Monday 9-3-18. The session shall be chaired by the oldest member. The decree shall be implemented from the date of its issuance and published in the Official Gazette.
8-28-2018 Newshound/Intel Guru Mnt Goat So today [Monday] we are told that Iraq is supposed to announce the largest bloc and give their line-up of candidates for the needed govt positions. I suspect if they don’t get these votes committed from the KRG to the Sadrist Movement soon this may stall the announcement and they may even go right up to September before they make it. We wait and see how it plays out.
8-28-2018 Intel Guru ADMINBILL So here we are after another weekend with high expectations once again with no RV. Next stop, Labor Day Weekend? Let's see what develops today and through the week...There is absolutely no reason to be down in the dumps...!
8-28-2018 Newshound Guru Breitling ...Do you think the coke and the candy bar are gong to stay at a tenth of a penny? Yeah, then they would be millionaires inside of Iraq. But it’s not. The coke and the candy bar are now going to be worth a US dollar. So they don’t gain like you and I gain. We bet with the US dollar and they did not…Price of real estate, prices of goods and services, the labor force, everything will follow the value. For some reason people confuse that. You and I bought at a tenth of a penny out of a US dollar. So that is where we get our gains... [Post 2 of 2]
8-28-2018 Newshound Guru Breitling We alway get this question, “One day it’s going to revalue in Iraq and all these Iraqis are going to be instant millionaires…” Its’ doesn’t work that way…what happens is that you and I used the US dollar to purchase the currency…at a tenth of a penny. The Iraqi’s were given that currency. So the market inside Iraq reflects that tenth of a penny. In other words if you go down to buy a coke or candy bar…it’s based on an economy based on a tenth of a penny. What do you thinks going to happen when the value of the Iraqi dinar goes up to a buck? [Post 1 of 2 Stay tuned]
8-28-2018 Newshound Guru Kaperoni The media in Iraq is reporting an increase in the spread today [Monday]. Sale of dollar is 1220 to $1 and purchase of dollars is 1210 to $1. It looks like the CBI has fallen out of IMF compliance. Continue to monitor.
[Side Note: The latest CBI reported market rate can always be found on the left side of this page...the last CBI update shows the market rate of 1207 as of 8-28-2018...this is within the 2% rule.]
8-28-2018 Newshound/Intel Guru BGG I am assuming any governing body with say in this matter is going to refrain until the results are final and a government transition is made or is being made. Just my thinking....Short story: I am very encouraged with what we are seeing in the news right now. It’s no guarantee of anything right away – but it looks like some big moves being in the right direction. [post 2 of 2]
8-28-2018 Newshound/Intel Guru BGG Where are we with this investment? It’s something I get asked all the time. So many have been wrong – me included. Here are some thoughts on the current situation that may help some folks. So many say the politics don’t matter to the currency. This isn’t exactly accurate. The politics impact the economy… Iraq’s currency is, by many astute accounts, “grossly undervalued”. A basic definition of currency? It is a promissory note on the underlying economy of the country. [post 1 of 2....stay tuned]
8-27-2018 Newshound Guru Walkingstick [If they fall out of 2% compliance do they have to go another 90 Days?] No...In a nut shell...It is an issue. [Guru] Deltas response is accurate, due.. to the fact, the 2% compliance can easily spiral out of control... due to the CBI's continued use of the auction, as a tool/ their limitation of use of the tools available, that can be utilized to reel in or maintain the +/- 2% compliance... [reference Guru Delta's post 8-27-2018]
8-27-2018 Intel Guru Delta FROM CBI WEBSITE...IQD EXCHANGE RATE IN IRAQI MARKET...27-Aug...1212...1207...IN THE BORDER...BUT STILL OK ...CBI HAVE TO MAKE A MOVE ASA.
[Side Note: You can always see the CBI official dinar exchange rate and the CBI reported market rate of the dinar on the left of this site.]
8-27-2018 Newshound Guru Kaperoni So on Sunday the CBI started the auctions again. The media is reporting a market rate of 1210 to $1. This is still within compliance if correct.
[Side Note: You can always see the CBI official dinar exchange rate and the CBI reported market rate of the dinar on the left of this site.]
8-27-2018 Newshound Guru Bloodloch Left out of the mix and likely out of any significant decision-making authority in the formation of the new government -- Conquest Alliance (Iranian Proxy al-Ameri - 48 seats) and State of Law (former Prime Minister Maliki - 25 seats) [post 2 of 2]
8-27-2018 Newshound Guru Bloodloch Keeping Score: The four alliances attending meeting -- Saron (Sadr), Victory (Abadi), Wisdom (Hakim), and National (Allawi) -- total 136 seats in the new parliament. The hosting alliance -- Kurdistan Democratic Party (Barzani) -- has 25 seats in their pocket, for a total of 161 seats should these five alliances join forces. Only 4 more seats needed to win, from either of the two remaining big blocs -- Decision Alliance (Sunni - 14 seats) or Patriotic Union of Kurdistan (PUK - 18 seats) -- or some combination of other small 1 to 6 seat alliances floating around. [post 1 of 2....stay tuned]
8-27-2018 Newshound/Intel Guru Mnt Goat I have just talked to the CBI and I can assure you the reinstatement and RV is not happening next week. They still have to complete a massive re-education campaign for the citizens and this has not yet begun. In fact, they could not even give me a target date yet for it. ...We must first wait for this ongoing election sage to settle down.
8-27-2018 Guest Guru BobTheTaxMan ...The second one we have to do is called IRS code 1256. It has to do with people who are specifically in the FOREX trading world...You bought something and you’re going ot sell it. That’s the whole purpose, welcome to the world of FOREX…One of the things that it does offer is 60% of the gain will be treated as long term capital gains and 40% will be treated as short term…also known as ordinary income. That is what’s so attractive to it. BUT you actually have to be in the FOREX trading world in order for that to be applicable to you. It’s not applicable. Are these the only options available? Yep, pretty much…Quite frankly I don’t want to get involved with the IRS and have them breathing down my neck and neither do you. Let’s just stick to the rules…there are other way to go about this to make it non-taxable... [post 3 of 3]
{IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
2-27-2018 Newshound Guru Kaperoni …Iran is pumping fake dinar into the market to lower the dinar exchange rate in hopes the CBI then pumps more dollars (which they can smuggle back to Iran). This is similar to what was done in 2013. None of the numbers in the media are official but the CBI does have to provide a sworn quarterly report that includes daily market rates to the IMF so they will eventually know. Starting over to meet compliance is something none of us want to see but may be a reality…The 2% spread is calculated by the IMF using the following formula Official Rate + commissions x .02 = 1214 or less. There are numerous IMF documents over the years that report the spread that can be used to determine this formula…
8-27-2018 Guest Guru BobTheTaxMan ...988 when they talk about any kind of capital gains…it is in reference to an incidental for travel for the most part or if there is a bank transaction…and there’s a little bit of currency exchange at that point in time. It’s still a fixed date in time and that does have some kind of implement to capital gains. But NOT over $200. It’s not something that’s for us as holding the money, investors that this is going to be applicable to. It does not matter. So anyone who brings up 988…don’t pay any attention to it. It doesn’t make any difference. It’s already been tested and gone over for years now... [Post 2 of 3]
{IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
8-27-2018 Guest Guru BobTheTaxMan We have people sending in inquiries about 988…I’ve researched that heavily. IRS Code 988. It really boils down to simplicity of things ok? First of all 988 covers a multiple of things. The only way it can be interpreted the way to serve capital gains is incidental…As long as you’re holding dinar as a investment you do not have a set time that you are going to evaluate the value of it. You don’t. You’re hanging onto it. Therefore it will not be considered capital gains because you do not have a purchase date, start date, end date. It is strictly ordinary income. [Post 1 of 3] {IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
8-27-2018 Newshound Guru Kaperoni Still no consensus by the political parties on the largest Bloc to despite advertising in the media that they would have it done... I believe they're still about 30 seats short.
8-27-2018 Intel Guru Delta FROM CBI WEBSITE...IQD EXCHANGE RATE IN IRAQI MARKET...27-Aug...1212...1207...IN THE BORDER...BUT STILL OK ...CBI HAVE TO MAKE A MOVE ASA.
[Side Note: You can always see the CBI official dinar exchange rate and the CBI reported market rate of the dinar on the left of this site.]
8-27-2018 Newshound Guru Kaperoni So on Sunday the CBI started the auctions again. The media is reporting a market rate of 1210 to $1. This is still within compliance if correct.
[Side Note: You can always see the CBI official dinar exchange rate and the CBI reported market rate of the dinar on the left of this site.]
8-27-2018 Newshound Guru Bloodloch Left out of the mix and likely out of any significant decision-making authority in the formation of the new government -- Conquest Alliance (Iranian Proxy al-Ameri - 48 seats) and State of Law (former Prime Minister Maliki - 25 seats) [post 2 of 2]
8-27-2018 Newshound Guru Bloodloch Keeping Score: The four alliances attending meeting -- Saron (Sadr), Victory (Abadi), Wisdom (Hakim), and National (Allawi) -- total 136 seats in the new parliament. The hosting alliance -- Kurdistan Democratic Party (Barzani) -- has 25 seats in their pocket, for a total of 161 seats should these five alliances join forces. Only 4 more seats needed to win, from either of the two remaining big blocs -- Decision Alliance (Sunni - 14 seats) or Patriotic Union of Kurdistan (PUK - 18 seats) -- or some combination of other small 1 to 6 seat alliances floating around. [post 1 of 2....stay tuned]
8-27-2018 Newshound/Intel Guru Mnt Goat I have just talked to the CBI and I can assure you the reinstatement and RV is not happening next week. They still have to complete a massive re-education campaign for the citizens and this has not yet begun. In fact, they could not even give me a target date yet for it. ...We must first wait for this ongoing election sage to settle down.
8-27-2018 Guest Guru BobTheTaxMan ...The second one we have to do is called IRS code 1256. It has to do with people who are specifically in the FOREX trading world...You bought something and you’re going ot sell it. That’s the whole purpose, welcome to the world of FOREX…One of the things that it does offer is 60% of the gain will be treated as long term capital gains and 40% will be treated as short term…also known as ordinary income. That is what’s so attractive to it. BUT you actually have to be in the FOREX trading world in order for that to be applicable to you. It’s not applicable. Are these the only options available? Yep, pretty much…Quite frankly I don’t want to get involved with the IRS and have them breathing down my neck and neither do you. Let’s just stick to the rules…there are other way to go about this to make it non-taxable... [post 3 of 3]
{IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
2-27-2018 Newshound Guru Kaperoni …Iran is pumping fake dinar into the market to lower the dinar exchange rate in hopes the CBI then pumps more dollars (which they can smuggle back to Iran). This is similar to what was done in 2013. None of the numbers in the media are official but the CBI does have to provide a sworn quarterly report that includes daily market rates to the IMF so they will eventually know. Starting over to meet compliance is something none of us want to see but may be a reality…The 2% spread is calculated by the IMF using the following formula Official Rate + commissions x .02 = 1214 or less. There are numerous IMF documents over the years that report the spread that can be used to determine this formula…
8-27-2018 Guest Guru BobTheTaxMan ...988 when they talk about any kind of capital gains…it is in reference to an incidental for travel for the most part or if there is a bank transaction…and there’s a little bit of currency exchange at that point in time. It’s still a fixed date in time and that does have some kind of implement to capital gains. But NOT over $200. It’s not something that’s for us as holding the money, investors that this is going to be applicable to. It does not matter. So anyone who brings up 988…don’t pay any attention to it. It doesn’t make any difference. It’s already been tested and gone over for years now... [Post 2 of 3]
{IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
8-27-2018 Guest Guru BobTheTaxMan We have people sending in inquiries about 988…I’ve researched that heavily. IRS Code 988. It really boils down to simplicity of things ok? First of all 988 covers a multiple of things. The only way it can be interpreted the way to serve capital gains is incidental…As long as you’re holding dinar as a investment you do not have a set time that you are going to evaluate the value of it. You don’t. You’re hanging onto it. Therefore it will not be considered capital gains because you do not have a purchase date, start date, end date. It is strictly ordinary income. [Post 1 of 3] {IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
8-27-2018 Newshound Guru Kaperoni Still no consensus by the political parties on the largest Bloc to despite advertising in the media that they would have it done... I believe they're still about 30 seats short.
8-26-2018 Newshound Guru MilitiaMan RE: Exchange Rates: ...they are Paring the IQD with Global Currencies. They are not just local or regional ones they are paring with the USD, AUD, CND, JPY, BP, etc.. This site is a reputable site out of the UK. ...They are showing their patrons that they are going to have quotes for the IQD. Well once they change the rate from a program rate the game changes and in a big way, imo.. We have been told that the IQD would go Global... Well here is a venue that supports that they are about to do so. ~ imo ~
https://www.exchangerates.org.uk/Iraqi-Dinar-IQD-currency-table.html
8-26-2018 Newshound Guru Kaperoni The truth is the CBI will float the currency and allow it to appreciate gradually as investment comes into the country. Once they make that decision it could take 6 months to a year to get to a level that we are all excited about. We have documented this for years...
8-26-2018 Newshound Guru Currency365 "The Iraqi Islamic Party announced Saturday its support for the nomination of Haider al-Abadi for a second term at the head of the next government." ...looks like @HaiderAlAbadi got an endorsement...
8-26-2018 Newshound/Intel Guru BGG Article: "After Abadi, Maliki and Fayyad, Maasoum met with Amiri on the largest bloc" The only thing you can be certain of, from this article – is that everyone is meeting with everyone in Iraq. Massoum met with Abadi…then with Ameri…then with Faleh al-Fayadh (national security advisor to Abadi)…and at some point he met with Maliki…None of which means all that much. Massoum mainly has a direct hand in the timeline. He establishes the first meeting of Parliament which is a marker for the formation of the new GOI. The most curious wording was that Abadi’s main thrust was just to get it moving. He and Sadr seem confident they have the biggest bloc – else why push for this quick formation?
https://www.exchangerates.org.uk/Iraqi-Dinar-IQD-currency-table.html
8-26-2018 Newshound Guru Kaperoni The truth is the CBI will float the currency and allow it to appreciate gradually as investment comes into the country. Once they make that decision it could take 6 months to a year to get to a level that we are all excited about. We have documented this for years...
8-26-2018 Newshound Guru Currency365 "The Iraqi Islamic Party announced Saturday its support for the nomination of Haider al-Abadi for a second term at the head of the next government." ...looks like @HaiderAlAbadi got an endorsement...
8-26-2018 Newshound/Intel Guru BGG Article: "After Abadi, Maliki and Fayyad, Maasoum met with Amiri on the largest bloc" The only thing you can be certain of, from this article – is that everyone is meeting with everyone in Iraq. Massoum met with Abadi…then with Ameri…then with Faleh al-Fayadh (national security advisor to Abadi)…and at some point he met with Maliki…None of which means all that much. Massoum mainly has a direct hand in the timeline. He establishes the first meeting of Parliament which is a marker for the formation of the new GOI. The most curious wording was that Abadi’s main thrust was just to get it moving. He and Sadr seem confident they have the biggest bloc – else why push for this quick formation?
8-25-2018 Newshound Guru Kaperoni The truth is the CBI will float the currency and allow it to appreciate gradually as investment comes into the country. [When please?] I expected [expect it?] yet this year.
8-25-2018 Newshound/Intel Guru MntGoat Article quote: "The Iranian strategy is to inject a large, counterfeit Iraqi currency into Iraqi markets and push for increased demand for the US dollar by local traders." Why is this so important to us and the RV? ...BECAUSE THIS WILL INCREASE THE DEMAND FOR THE US DOLLAR, THUS DRIVE DOWN THE RATE OF THE DINAR...This will bring Iraq into non-compliance by the IMF for the MCP practices. I told everyone that these new sanctions were going to cause havoc in Iraq and will be the next reason to stall the RV...The answer to the problem? Reinstate the dinar, get off the peg to the dollar and re-peg to the SDR basket of currencies. Use the dinar to conduct business. Issue the new lower category notes thus redenominate. Outlaw the use of the dollar in Iraq.
8-25-2018 Newshound Guru Breitling …This is a no risk zone…people are saying that, “oh my god it’s at a tenth of a penny it must be high risk currency or there’s something wrong.” No. There’s nothing wrong. They [CBI/Iraq] are using it [dinar] like they need to use it. The question is for you and me is, Is there a window when they start adding value to it? And how and why? And that’s what we’re following…People are stuck on a tenth of a penny and somehow that rate makes it a risk. That’s not a risk for you and me. That’s a huge advantage…We’re using the US dollar to get that currency…
8-25-2018 Newshound Guru Adam Montana [Do you think the IMF has to give the nod to an RV?] Of course - the IMF isn't going to hold them back when they choose to RV. We've seen the IMF stay very silent on Iraq once the restrictions were lifted several years ago. If the IMF was going to try to block anything, they would be very outspoken about it and we'd all know it was time to pack our bags and find another subject to keep our interest... that is not the case.
8-25-2018 Newshound/Intel Guru MntGoat Article quote: "The Iranian strategy is to inject a large, counterfeit Iraqi currency into Iraqi markets and push for increased demand for the US dollar by local traders." Why is this so important to us and the RV? ...BECAUSE THIS WILL INCREASE THE DEMAND FOR THE US DOLLAR, THUS DRIVE DOWN THE RATE OF THE DINAR...This will bring Iraq into non-compliance by the IMF for the MCP practices. I told everyone that these new sanctions were going to cause havoc in Iraq and will be the next reason to stall the RV...The answer to the problem? Reinstate the dinar, get off the peg to the dollar and re-peg to the SDR basket of currencies. Use the dinar to conduct business. Issue the new lower category notes thus redenominate. Outlaw the use of the dollar in Iraq.
8-25-2018 Newshound Guru Breitling …This is a no risk zone…people are saying that, “oh my god it’s at a tenth of a penny it must be high risk currency or there’s something wrong.” No. There’s nothing wrong. They [CBI/Iraq] are using it [dinar] like they need to use it. The question is for you and me is, Is there a window when they start adding value to it? And how and why? And that’s what we’re following…People are stuck on a tenth of a penny and somehow that rate makes it a risk. That’s not a risk for you and me. That’s a huge advantage…We’re using the US dollar to get that currency…
8-25-2018 Newshound Guru Adam Montana [Do you think the IMF has to give the nod to an RV?] Of course - the IMF isn't going to hold them back when they choose to RV. We've seen the IMF stay very silent on Iraq once the restrictions were lifted several years ago. If the IMF was going to try to block anything, they would be very outspoken about it and we'd all know it was time to pack our bags and find another subject to keep our interest... that is not the case.
8-24-2018 Newshound Guru RayRen98 Announcements in Iraq indicating that after the EID holiday, there will be a surprise for all of the people of Iraq coming from the largest block that is currently being formed. Iraqi TV is explaining to the citizens how to use their smart phones for banking needs and sharing how to make deposits via ATM's and other advantages for using the ATM.
8-24-2018 Newshound/Intel Guru Mnt Goat So we are still being told the negotiations with the Kurdistan parties will be completed by the end of Eid al-Adha holiday on Aug 25th. And the announcements of the new government will be made at this time. So I expect it sometime this weekend. We are hearing the new FIRST session of parliament to swear in the new members and establish the new speaker will take place (or targeted to take place) on Tuesday Aug 28th.
8-24-2018 Intel Guru Bruce We don’t get a whole lot information on the dong, but it is going to come out at a better than we thought rate. It also maybe will be traded up higher. ...Everything is moving which we think is too slowly, there is a lot of stuff happening behind the scenes. I am excited about where we are. I know our rates are going to be great...Let’s see what happens. Monday should be a cool day because Iraq should have their rate out by then. At least that is what we think... [post 2 of 2]
8-24-2018 Intel Guru Bruce We talked about the Iraqi dinar being “seen” on the Iraqi stock exchange, the ISX. The commodities and so on that are being traded are being valued in dinar at a rate of about $3.84. Now, what we understand is [to] come...at 8am this coming Monday Iraqi time which is EST at midnight...this Sunday night...we are hearing that rate should come out officially at something that is more than double that. I am not going to give you the exact rate, but just know it is over twice what I just said. ...That is a major move even though to be completely honest...that rate will go up. After several trading sessions it will continue to work its way higher... [post 1 of 2....stay tuned]
8-24-2018 Newshound/Intel Guru Mnt Goat As we wait for a decision by the CBI on the reinstatement of the dinar, we are witnessing more and more pressure from Iran to conduct business with Iraq in spite of the sanctions. They are now even attempting to drive down the rate of the dinar by smuggling counterfeit US dollars over the border, thus weakening the dinar. This is economic war...
8-24-2018 Intel Guru ADMINBILL TODAY'S NEWS IS EXTRAORDINARILY GREAT. I AM NOT AT LIBERTY TO SHARE BUT I CAN'T HELP LETTING YOU KNOW THAT YOU ARE IN A STERLING PLACE TODAY SO DON'T WORRY, BE HAPPY. IT APPEARS THIS MAY BE A GREAT TIMES TO GET YOUR DUCKS IN A ROW.
8-24-2018 Newshound Guru Kaperoni Today's [Thursday's] market rate / Street rate was reported at 1217 to $1. Again this is unofficial cuz the CBI has not held auctions past few days due to the holiday so we'll have to wait and see when they begin again if they are in compliance or not. 1217 though it's technically not in compliance within the 2%. [Side Note: You can always find the latest CBI reported market rate in left column of this page.]
8-24-2018 Newshound Guru Breitling ...It’s the people who put this stuff out. What we [the United States] did was injected 2 billion worth of US dollars into Iraq’s economy and then we did the shock and awe. It’s always been controlled. The economy took a hit because we totally destroyed their infrastructure. But what kept it afloat was the US dollar…The currency itself has never been a high risk. It’s artificial inflation. It’s not market driven inflation…it’s an artificial rate. It’s an advantage for them to do it [the artificial rate]. They can’t do it forever. [Post 2 of 2]
8-24-2018 Newshound Guru Breitling The value of the Iraqi dinar is based on oil. So at it’s highest peak I believe it was at $3.25. That comes from the ex-general who put out the new currency that you and I have…Their goal…is to get back to $3.25 and these are the guys stating they wanted to get down to a billion notes to get it back to $3.25. That’s where it came from. It didn’t come from someone who just made up the numbers or anything like that. [Post 1 of 2]
8-24-2018 Newshound/Intel Guru Mnt Goat So we are still being told the negotiations with the Kurdistan parties will be completed by the end of Eid al-Adha holiday on Aug 25th. And the announcements of the new government will be made at this time. So I expect it sometime this weekend. We are hearing the new FIRST session of parliament to swear in the new members and establish the new speaker will take place (or targeted to take place) on Tuesday Aug 28th.
8-24-2018 Intel Guru Bruce We don’t get a whole lot information on the dong, but it is going to come out at a better than we thought rate. It also maybe will be traded up higher. ...Everything is moving which we think is too slowly, there is a lot of stuff happening behind the scenes. I am excited about where we are. I know our rates are going to be great...Let’s see what happens. Monday should be a cool day because Iraq should have their rate out by then. At least that is what we think... [post 2 of 2]
8-24-2018 Intel Guru Bruce We talked about the Iraqi dinar being “seen” on the Iraqi stock exchange, the ISX. The commodities and so on that are being traded are being valued in dinar at a rate of about $3.84. Now, what we understand is [to] come...at 8am this coming Monday Iraqi time which is EST at midnight...this Sunday night...we are hearing that rate should come out officially at something that is more than double that. I am not going to give you the exact rate, but just know it is over twice what I just said. ...That is a major move even though to be completely honest...that rate will go up. After several trading sessions it will continue to work its way higher... [post 1 of 2....stay tuned]
8-24-2018 Newshound/Intel Guru Mnt Goat As we wait for a decision by the CBI on the reinstatement of the dinar, we are witnessing more and more pressure from Iran to conduct business with Iraq in spite of the sanctions. They are now even attempting to drive down the rate of the dinar by smuggling counterfeit US dollars over the border, thus weakening the dinar. This is economic war...
8-24-2018 Intel Guru ADMINBILL TODAY'S NEWS IS EXTRAORDINARILY GREAT. I AM NOT AT LIBERTY TO SHARE BUT I CAN'T HELP LETTING YOU KNOW THAT YOU ARE IN A STERLING PLACE TODAY SO DON'T WORRY, BE HAPPY. IT APPEARS THIS MAY BE A GREAT TIMES TO GET YOUR DUCKS IN A ROW.
8-24-2018 Newshound Guru Kaperoni Today's [Thursday's] market rate / Street rate was reported at 1217 to $1. Again this is unofficial cuz the CBI has not held auctions past few days due to the holiday so we'll have to wait and see when they begin again if they are in compliance or not. 1217 though it's technically not in compliance within the 2%. [Side Note: You can always find the latest CBI reported market rate in left column of this page.]
8-24-2018 Newshound Guru Breitling ...It’s the people who put this stuff out. What we [the United States] did was injected 2 billion worth of US dollars into Iraq’s economy and then we did the shock and awe. It’s always been controlled. The economy took a hit because we totally destroyed their infrastructure. But what kept it afloat was the US dollar…The currency itself has never been a high risk. It’s artificial inflation. It’s not market driven inflation…it’s an artificial rate. It’s an advantage for them to do it [the artificial rate]. They can’t do it forever. [Post 2 of 2]
8-24-2018 Newshound Guru Breitling The value of the Iraqi dinar is based on oil. So at it’s highest peak I believe it was at $3.25. That comes from the ex-general who put out the new currency that you and I have…Their goal…is to get back to $3.25 and these are the guys stating they wanted to get down to a billion notes to get it back to $3.25. That’s where it came from. It didn’t come from someone who just made up the numbers or anything like that. [Post 1 of 2]
8-23-2018 Newshound Guru Currency365 People still saying citizens wont see wealth from RV because they only get purchasing power BUT many citizens purchased dinar with USD & stashed away millions of IQD & will not bring them in until the RV. Also Citizens will receive monthly Oil Revenue and ALL the Oil back pay.
8-23-2018 Newshound Guru Don961 imo...news is slow this week while the country celebrates Eid...many sites stop posting articles completely...others that continue offer little except for articles about endless political meetings and conflicting opinions about alliances, who is aligning with who, who's holding out for better deals, etc. to get the majority bloc...bottom line, results won't be given until after Eid...they are under pressure to get it done...so we'll see what shakes out...
8-23-2018 Newshound Guru Adam Montana [...You said in your last update we are in the final stretch and they could do it NOW...] I agree with the premise that we are in "green light" territory. Sunday is the soonest I expect to see any major news... we will see!
8-23-2018 Newshound Guru Breitling …I watch currencies. Either they are in high risk, moderate risk or no risk at all. There are only three categories. The Iraqi dinar is not in the high risk or the moderate risk. They’re in zero risk. People don’t realize that. It’s sort of strange to have conversations with people that they’re thinking there’s something wrong with the currency or it’s teetering back and fourth and it’s not. It’s a stable currency...
8-23-2018 Newshound Guru Adam Montana ...it's holiday in Iraq, nothing will happen today through Saturday. Good news, though! Although it's not "officially official", there are enough reports out to satisfy me that Elections have been approved, which allows MPs (Members of Parliament) to move onto the next stage, which is appointing a President. Once this is done, and that should not be long, that will free them up to work on various little things like... oh, I don't know... HCL! ...this was a long process, but once Holiday is over I am expecting a bit of change in the lull we've been riding through.
8-23-2018 Newshound/Intel Guru Mnt Goat ...The Iraqi dinar is still solely pegged to the US dollar and ONLY to the US Dollar. It is a “de facto” peg meaning temporary peg done in a time of crisis/emergency with Iraq in response to the war. In the future the CBI and the IMF have both told us that the plan is to re-peg the dinar to an SDR basket of 5 currencies (US Dollar, Yuan, British Pound, Yen, Euro)...The FACT is the change over to the new basket will be the driving force for the rate increase in the dinar. Again it is NOT a revaluation but a reinstatement about to take place. Then it will be put on a managed float. [post 2 of 2]
8-23-2018 Newshound/Intel Guru Mnt Goat First let me say the Iraqi dinar is NOT currently on any kind of a FLOAT, managed or otherwise. It is a fixed rate by the Central Bank of Iraq...the definition of a managed float...is when you have millions of investors buying up or selling a currency and driving it up or down. The Iraqi dinar today is not even being traded on the international trading platforms. ...Right now, the dinar is on a fixed program rate set by the CBI and the IMF in October of 2013 during the sanctions. They did this to avoid a total crash of the Iraqi economy post war. [post 1 of 2....stay tuned]
8-23-2018 Newshound Guru ChrisC Article: "An economist reveals the bank's printing of large amounts of currency with small categories to replace them with damage" Think about this real quick. For example, how particularly worthlesss is that 100 denom at the current rate? Why bring these out at the current rate?
It seems there is more to the story as the plot thickens with this and the revealing of the specimen notes. IMHO, I think we’re staring at the end of the Turkmenistan model. I suspect there is a a delicate coordination that needs to be worked out and much communication between several parties to get it on track. Just my 2 cents in consideration of current information...
8-23-2018 Newshound Guru Don961 imo...news is slow this week while the country celebrates Eid...many sites stop posting articles completely...others that continue offer little except for articles about endless political meetings and conflicting opinions about alliances, who is aligning with who, who's holding out for better deals, etc. to get the majority bloc...bottom line, results won't be given until after Eid...they are under pressure to get it done...so we'll see what shakes out...
8-23-2018 Newshound Guru Adam Montana [...You said in your last update we are in the final stretch and they could do it NOW...] I agree with the premise that we are in "green light" territory. Sunday is the soonest I expect to see any major news... we will see!
8-23-2018 Newshound Guru Breitling …I watch currencies. Either they are in high risk, moderate risk or no risk at all. There are only three categories. The Iraqi dinar is not in the high risk or the moderate risk. They’re in zero risk. People don’t realize that. It’s sort of strange to have conversations with people that they’re thinking there’s something wrong with the currency or it’s teetering back and fourth and it’s not. It’s a stable currency...
8-23-2018 Newshound Guru Adam Montana ...it's holiday in Iraq, nothing will happen today through Saturday. Good news, though! Although it's not "officially official", there are enough reports out to satisfy me that Elections have been approved, which allows MPs (Members of Parliament) to move onto the next stage, which is appointing a President. Once this is done, and that should not be long, that will free them up to work on various little things like... oh, I don't know... HCL! ...this was a long process, but once Holiday is over I am expecting a bit of change in the lull we've been riding through.
8-23-2018 Newshound/Intel Guru Mnt Goat ...The Iraqi dinar is still solely pegged to the US dollar and ONLY to the US Dollar. It is a “de facto” peg meaning temporary peg done in a time of crisis/emergency with Iraq in response to the war. In the future the CBI and the IMF have both told us that the plan is to re-peg the dinar to an SDR basket of 5 currencies (US Dollar, Yuan, British Pound, Yen, Euro)...The FACT is the change over to the new basket will be the driving force for the rate increase in the dinar. Again it is NOT a revaluation but a reinstatement about to take place. Then it will be put on a managed float. [post 2 of 2]
8-23-2018 Newshound/Intel Guru Mnt Goat First let me say the Iraqi dinar is NOT currently on any kind of a FLOAT, managed or otherwise. It is a fixed rate by the Central Bank of Iraq...the definition of a managed float...is when you have millions of investors buying up or selling a currency and driving it up or down. The Iraqi dinar today is not even being traded on the international trading platforms. ...Right now, the dinar is on a fixed program rate set by the CBI and the IMF in October of 2013 during the sanctions. They did this to avoid a total crash of the Iraqi economy post war. [post 1 of 2....stay tuned]
8-23-2018 Newshound Guru ChrisC Article: "An economist reveals the bank's printing of large amounts of currency with small categories to replace them with damage" Think about this real quick. For example, how particularly worthlesss is that 100 denom at the current rate? Why bring these out at the current rate?
It seems there is more to the story as the plot thickens with this and the revealing of the specimen notes. IMHO, I think we’re staring at the end of the Turkmenistan model. I suspect there is a a delicate coordination that needs to be worked out and much communication between several parties to get it on track. Just my 2 cents in consideration of current information...
8-22-2018 Newshound Guru Don961 Article: "An economist reveals the bank's printing of large amounts of currency with small categories to replace them with damage" imo...it's just as the article states...the merchants points out about the severe shortage of smaller denomination notes in the marketplace...the existing notes are damaged and need to be replaced...so the CBI is doing that...they just need to convince the banks to receive and replace them...as these notes do get replaced, people will start using them more and more...and introducing even smaller note categories and coins, with higher value, will not be such a shock after having to use all those high 3 zeroes for so long...Also, even the printing of more of these smaller categories shows a shift in monetary policy...they needed to print the higher 3 zeroes because that is what the currency value required for use in the marketplace...there has obviously been a shift in thinking and circumstances...so smaller, 3 zero-less notes will soon be all the rage...
8-22-2018 Newshound Guru Kaperoni [What if the new gov doesn't care for the float?] The government does not have anything to do with monetary policy monetary policy is a function of the CBI. And floating the currency is what countries do. Most of the world's currencies already float. Floating the currency not only gives the CBI a mechanism to raise the exchange rate gradually based on supply and demand but gives them a tool to counter inflationary pressure created by large influxes of capital which we expect to come in as the country rebuilds. Any other solution...such as an RV or RI is utter nonsense and not practical or reasonable...Countries do not do these things.
8-22-2018 Newshound/Intel Guru Mnt Goat ...How long will it take. At a minimum they hope to get this all resolved way before Aug 28th when they earlier announced already a plan to hold the first session of the new parliament. So are the election results ratified already? YES, YES and YES again. ...Now they still fight for control over the largest block. This is all we are waiting for – what party has control and majority. So we need this first session of parliament to occur and to get these new members sworn in, a new speaker and a new president and his deputies. Then we can safely say that the RV clock can begin ticking once again. According to Iraq's constitution, parliament's first session must be held within 15 days from the date of the ratification 8/19 of the general election results. [post 3 of 3]
8-22-2018 Newshound/Intel Guru Mnt Goat 3. modify the share of the province of the federal budget (wants 17%) ...this was reduced down to 13% due to the oil that Kuridstan was selling beyond the GOI budgetary requirements. So they reduced the amount accordingly. ...Now Kurdistan wants it back. 4. general census of the population...They have not done census for years and need to update it...they will need to figure out who is who if they are going to award any surplus oil revenues to them. 5. asserting that all these points be "put forward with one basket”. Remember these 5 points we already heard about over a month ago...So this is now being worked out. This is an explanation of the delay. [post 2 of 3...stay tuned]
8-22-2018 Newshound/Intel Guru Mnt Goat UPDATE ON THE ONGOING ELECTION SAGA... Article quote: "A statement issued by Hadi al-Amri, the Fatah alliance, announced on Monday that the announcement of the largest bloc, due to be announced today, was postponed." So we know the announcements were not made on Monday as planned. So what happened? Seems that three of the Kurdistan parties wanted to pullout of the Sadr Alliance to form the largest block... They wanted guarantees on 5 points in order to join the Sadr Alliance: 1. application of Article 140...but article 140 is not required. Really? ...if this is needed to form the govt (as we now see it is...) and to form the govt is needed to RV then Article 140 is needed to get the RV. 2. the legislation of the law of oil and gas...Yes, a form of the oil and gas has been made into a agreement but the final version has NEVER been passed into law by parliament. [post 1 of 3....stay tued]
8-22-2018 Intel Guru Bruce It may only take 2 to 3 trading sessions before it going to hit...the kind of numbers Shabi mentioned years ago back in 2012...6 years ago Shabi talked about the value of the Dinar able to sustain $16...I am telling you what I am hearing makes that look very possible. ...I know the rate on the Dong is also good, better than we thought it was going to be...I want to clarify once and for all...THERE ARE NO ZEROS COMING OFF ANY CURRENCY... PERIOD AND END OF STORY... I am feeling very confident about where we are right now. ...I have been given times. I can’t put them out. ...Same with rates. [post 2 of 2]
8-22-2018 Intel Guru Bruce [via Pinkroses] We are really in the best place we have every been for this to go down now. When it comes to the Intel side ...the number of sources that are able to speak is being reduced because people are under NDAs that weren’t before or a gag order or just plain were told to go dark or go quiet. ...Fortunately we have enough sources in some of the other areas that are coming through so that we are able to sort of see what is happening...and where we are in the process. ...We know it is going to be a very good rate coming out and then it is going to go up... [post 1 of 2....stay tuned]
8-22-2018 Intel Guru Frank26 [via sunny] For security reasons they are now reprinting LD's...specimens with batch numbers! Huge! Notes will be calculated so not to flood the market. . . This time around. . . told of small notes and metals. . . metals and lower denom’s will co-exist together...2% is alive and happening!
8-22-2018 Newshound Guru Kaperoni ...there are a lot of new factors now in play because the recent sanctions on Iran have caused Iraq's spread to rise just above 2% which technically maybe out of compliance and would require them then to start over with another 90 days once back in compliance. Personally I do not understand why the CBI is waiting now that they have met the 90-day window of compliance back in June. Waiting just puts them at risk which is silly. If they are waiting for the formation of the government then they're probably waiting for the IMF consultation as well so we're really on hold here through the end of the year... [Side NOTE: The latest CBI reported market rate is always listed on the left of this page...the last CBI market rate for the dinar was 1208 reported on 8-20-2018. The CBI has not recorded a market rate outside of the 2% range since ~June 14.]
8-22-2018 Newshound Guru Kaperoni [What if the new gov doesn't care for the float?] The government does not have anything to do with monetary policy monetary policy is a function of the CBI. And floating the currency is what countries do. Most of the world's currencies already float. Floating the currency not only gives the CBI a mechanism to raise the exchange rate gradually based on supply and demand but gives them a tool to counter inflationary pressure created by large influxes of capital which we expect to come in as the country rebuilds. Any other solution...such as an RV or RI is utter nonsense and not practical or reasonable...Countries do not do these things.
8-22-2018 Newshound/Intel Guru Mnt Goat ...How long will it take. At a minimum they hope to get this all resolved way before Aug 28th when they earlier announced already a plan to hold the first session of the new parliament. So are the election results ratified already? YES, YES and YES again. ...Now they still fight for control over the largest block. This is all we are waiting for – what party has control and majority. So we need this first session of parliament to occur and to get these new members sworn in, a new speaker and a new president and his deputies. Then we can safely say that the RV clock can begin ticking once again. According to Iraq's constitution, parliament's first session must be held within 15 days from the date of the ratification 8/19 of the general election results. [post 3 of 3]
8-22-2018 Newshound/Intel Guru Mnt Goat 3. modify the share of the province of the federal budget (wants 17%) ...this was reduced down to 13% due to the oil that Kuridstan was selling beyond the GOI budgetary requirements. So they reduced the amount accordingly. ...Now Kurdistan wants it back. 4. general census of the population...They have not done census for years and need to update it...they will need to figure out who is who if they are going to award any surplus oil revenues to them. 5. asserting that all these points be "put forward with one basket”. Remember these 5 points we already heard about over a month ago...So this is now being worked out. This is an explanation of the delay. [post 2 of 3...stay tuned]
8-22-2018 Newshound/Intel Guru Mnt Goat UPDATE ON THE ONGOING ELECTION SAGA... Article quote: "A statement issued by Hadi al-Amri, the Fatah alliance, announced on Monday that the announcement of the largest bloc, due to be announced today, was postponed." So we know the announcements were not made on Monday as planned. So what happened? Seems that three of the Kurdistan parties wanted to pullout of the Sadr Alliance to form the largest block... They wanted guarantees on 5 points in order to join the Sadr Alliance: 1. application of Article 140...but article 140 is not required. Really? ...if this is needed to form the govt (as we now see it is...) and to form the govt is needed to RV then Article 140 is needed to get the RV. 2. the legislation of the law of oil and gas...Yes, a form of the oil and gas has been made into a agreement but the final version has NEVER been passed into law by parliament. [post 1 of 3....stay tued]
8-22-2018 Intel Guru Bruce It may only take 2 to 3 trading sessions before it going to hit...the kind of numbers Shabi mentioned years ago back in 2012...6 years ago Shabi talked about the value of the Dinar able to sustain $16...I am telling you what I am hearing makes that look very possible. ...I know the rate on the Dong is also good, better than we thought it was going to be...I want to clarify once and for all...THERE ARE NO ZEROS COMING OFF ANY CURRENCY... PERIOD AND END OF STORY... I am feeling very confident about where we are right now. ...I have been given times. I can’t put them out. ...Same with rates. [post 2 of 2]
8-22-2018 Intel Guru Bruce [via Pinkroses] We are really in the best place we have every been for this to go down now. When it comes to the Intel side ...the number of sources that are able to speak is being reduced because people are under NDAs that weren’t before or a gag order or just plain were told to go dark or go quiet. ...Fortunately we have enough sources in some of the other areas that are coming through so that we are able to sort of see what is happening...and where we are in the process. ...We know it is going to be a very good rate coming out and then it is going to go up... [post 1 of 2....stay tuned]
8-22-2018 Intel Guru Frank26 [via sunny] For security reasons they are now reprinting LD's...specimens with batch numbers! Huge! Notes will be calculated so not to flood the market. . . This time around. . . told of small notes and metals. . . metals and lower denom’s will co-exist together...2% is alive and happening!
8-22-2018 Newshound Guru Kaperoni ...there are a lot of new factors now in play because the recent sanctions on Iran have caused Iraq's spread to rise just above 2% which technically maybe out of compliance and would require them then to start over with another 90 days once back in compliance. Personally I do not understand why the CBI is waiting now that they have met the 90-day window of compliance back in June. Waiting just puts them at risk which is silly. If they are waiting for the formation of the government then they're probably waiting for the IMF consultation as well so we're really on hold here through the end of the year... [Side NOTE: The latest CBI reported market rate is always listed on the left of this page...the last CBI market rate for the dinar was 1208 reported on 8-20-2018. The CBI has not recorded a market rate outside of the 2% range since ~June 14.]
8-21-2018 *** Dinar Guru News Update *** The Iraqi Federal Court have finally ratified the May 12th election results! Since there was no majority winner, the gurus expect that we will see the forming of alliances between blocks to form the "largest block". Sadr (the winning block) and Abadi (current PM and head of the 3rd place block) have wasted no time and announced their alliance already. The apposing alliance is led by former PM Maliki. The newly elected parliament will meet shortly to begin their bartering process to name the next president. Stay tuned as the news floods in... The latest guru posts will continue below...
8-21-2018 Intel Guru Frank26 "Well-informed source said on Tuesday that Iraq’s President Fuad Masum will invite the parliament to hold its first session on August 30." IN OTHER WORDS ...IMO …THE USA IS TOTALLY IN CONTROL OF ALL BREATHING IN IRAQ ...FROM THE ALREADY PICKED AND FORMED PARL TO THE IQD'S RI OF THE MR.
8-21-2018 Newshound Guru Kaperoni I...got a note from another member who wrote the IMF and asked about Iraq's Article IV Consultation the response indicates that the IMF is waiting until after the formation of the government which could be next year hopefully sooner. I have said in the past that I believe that consultation must occur prior to Iraq moving to Article VIII it's not a requirement but it would be a good review of the banking system and encouragement. If I am correct and the CBI is going to wait until that consultation occurs then we have a few more months to wait. Though technically the CBI could write the letter to the IMF at any moment and request Article VIII acceptance. And if they are in compliance the IMF would would agree.
8-21-2018 Newshound Guru Currency365 Maybe Tuesday they will officially announce in public the largest Bloc...Also Abadi, Sadr, Hakim, Allawi, & Kurds form a new alliance against al-Malik...So MALIKI IS OUT!!! Also Haider Abadi expels Faleh Fayyad from the alliance of victory...I CAN SEE THE FINISH LINE...
8-21-2018 Intel Guru Frank26 [via clare] USA is in Control! POTUS -basically slapped everyone...Iran...Maliki...it worked!! USA wants them to RI! Everything is done but there are variables...choke out Iran & kill the Virus of their political structure...Remember time frame ****8/18-28th****... The minute you see the HCL...next breath is RI...August for preparation...September for implementation... The future is NOW!!!
8-21-2018 Intel Guru Delta IQD EXCHANGE IN IRAQI MARKET FROM CBI ...
12-Aug 1212 1207
13-Aug 1209 1205
14-Aug 1208 1205
15-Aug 1209 1205
16-Aug 1209 1205
19-Aug 1208 1205
20-Aug 1208 1205...2% STILL..
[Side NOTE: The latest CBI reported market rate is always listed on the left of this page...the last CBI market rate for the dinar was 1208 reported on 8-20-2018. The CBI has not recorded a market rate outside of the 2% range since ~June 14.]
8-21-2018 Newshound/Intel Guru Mnt Goat We all should realize by now this sorting and re-counting was nothing more than a dog and pony show. It was a well-orchestrated stalling tactic that almost back-fired on them. But now it appears it is coming to an end as they move ahead. Did they have a target date? No, as I said before it is not about a target date for the RV. ...But what did happen is they needed to get the corruption under control and weed out or neutralize those involved. They are moving ahead again since they feel this is now accomplished. ...We still have to hear from the CBI since this is the entity that will trigger the reinstatement... I am focused on the Central Bank of Iraq (CBI). The CBI has recently told me there will be a massive re-education campaign to educate the people. They said to look at the billboards and TV but mostly the news media articles coming forth in the very near future. Yes, I think we are still looking at some timeframe maybe in September and certainly not before.
8-21-2018 Newshound Guru Kaperoni I...got a note from another member who wrote the IMF and asked about Iraq's Article IV Consultation the response indicates that the IMF is waiting until after the formation of the government which could be next year hopefully sooner. I have said in the past that I believe that consultation must occur prior to Iraq moving to Article VIII it's not a requirement but it would be a good review of the banking system and encouragement. If I am correct and the CBI is going to wait until that consultation occurs then we have a few more months to wait. Though technically the CBI could write the letter to the IMF at any moment and request Article VIII acceptance. And if they are in compliance the IMF would would agree.
8-21-2018 Newshound Guru Currency365 Maybe Tuesday they will officially announce in public the largest Bloc...Also Abadi, Sadr, Hakim, Allawi, & Kurds form a new alliance against al-Malik...So MALIKI IS OUT!!! Also Haider Abadi expels Faleh Fayyad from the alliance of victory...I CAN SEE THE FINISH LINE...
8-21-2018 Intel Guru Frank26 [via clare] USA is in Control! POTUS -basically slapped everyone...Iran...Maliki...it worked!! USA wants them to RI! Everything is done but there are variables...choke out Iran & kill the Virus of their political structure...Remember time frame ****8/18-28th****... The minute you see the HCL...next breath is RI...August for preparation...September for implementation... The future is NOW!!!
8-21-2018 Intel Guru Delta IQD EXCHANGE IN IRAQI MARKET FROM CBI ...
12-Aug 1212 1207
13-Aug 1209 1205
14-Aug 1208 1205
15-Aug 1209 1205
16-Aug 1209 1205
19-Aug 1208 1205
20-Aug 1208 1205...2% STILL..
[Side NOTE: The latest CBI reported market rate is always listed on the left of this page...the last CBI market rate for the dinar was 1208 reported on 8-20-2018. The CBI has not recorded a market rate outside of the 2% range since ~June 14.]
8-21-2018 Newshound/Intel Guru Mnt Goat We all should realize by now this sorting and re-counting was nothing more than a dog and pony show. It was a well-orchestrated stalling tactic that almost back-fired on them. But now it appears it is coming to an end as they move ahead. Did they have a target date? No, as I said before it is not about a target date for the RV. ...But what did happen is they needed to get the corruption under control and weed out or neutralize those involved. They are moving ahead again since they feel this is now accomplished. ...We still have to hear from the CBI since this is the entity that will trigger the reinstatement... I am focused on the Central Bank of Iraq (CBI). The CBI has recently told me there will be a massive re-education campaign to educate the people. They said to look at the billboards and TV but mostly the news media articles coming forth in the very near future. Yes, I think we are still looking at some timeframe maybe in September and certainly not before.
8-20-2018 Newshound Guru chattels My sense is that there will be an announcement of a largest bloc sooner rather than later in this election cycle because there is a movement to avoid quotas. In order to do so the largest bloc must be clearly established at / by the convening of the Parliament and election of the President / Speaker of Parliament. There is talk of Iraq being out of compliance on the spread between the official rate and the parallel market rate. [NOTE: The official (And LATEST) CBI tracked market rate for the dinar is always listed in the left column of this page. As of 8-20-2018 the rate has remained within 2% range for 90 days.]
8-20-2018 Intel Guru Frank26 TIMES...ARE SERIOUS...TO WAIT...IS TO CONSUME TIME...IMO...IT IS TIME.
8-20-2018 Newshound Guru Kaperoni Well unoffically the CBI seems to have fallen out of compliance now with the spread at 1215 to $1. What that means more than likely is they will have to get back in compliance and hold it for another 90 days. So unfortunately it doesn't look like the Central Bank of Iraq will be moving to Article VIII anytime soon. I'm not officially writing off the Central Bank of Iraq yet going to give it a day or two to make sure they are in or out of compliance. Because these numbers are not official if tomorrow's numbers are lower they could be back in compliance. On another note it looks like the government is moving forward with the largest bloc being formed and announced. [NOTE: The official (And LATEST) CBI tracked market rate for the dinar is always listed in the left column of this page. As of 8-20-2018 the rate has remained within 2% range for 90 days.]
8-20-2018 Intel Guru RayRen98 It has been reported that today on Iraqi TV Prime Minister Abadi has been calling for the government of Iraq to form immediately. Iraqi TV is reporting first meeting of Parliament will be on the 28th after the Eid holiday. Quote: "Abdullah Alawi, adviser to President Fuad Masum, said on Sunday that the latter will follow the Eid holiday to invite the new parliament to convene, while referring to the expectations that the first session on 28 of this month."
8-20-2018 Newshound/Intel Guru Mnt Goat "...the judiciary announced that they completed ratification of the names of the winners of the last parliamentary elections. On Monday, Aug 20th, was quoted, the names of the winners of the elections in the Federal Court will be approved and announced." So this week should be exciting for us but not RV exciting. The question now still remains - What will the CBI now do since the election saga is just about over? I am told they will progress forward with the “project to delete the zeros” once again. We can do nothing but take a deep breath, relax and wait and see how the CBI reacts.
8-20-2018 Newshound Guru Currency365 "The Iraqi Federal Court also approved Today the manual recount of the disputed votes cast during the parliamentary election, while previous Prime Minister Nouri al-Maliki met with US Special Presidential Envoy Brett McGurk on Sunday." ...Iraq will announce the largest bloc in the coming hours!!! LETS SEE WHOS IN AND WHOS OUT...standby.
8-20-2018 Intel Gurus Delta and Frank26 "URGENT FROM IRAIQA TV: ANNOUNCEMENT OF THE FORMATION OF THE LARGEST BLOC" WHAT A TIMING...IT'S ABOUT TIME!! ...INTERESTING...IS THAT...IT'S RIGHT IN FRONT OF OUR...EYES AND THE NET... [IS THAT FRANK & DELTA NOW SINGING - THE FINAL COUNTDOWN?] AH...YEAH...
8-20-2018 Intel Guru Frank26 TIMES...ARE SERIOUS...TO WAIT...IS TO CONSUME TIME...IMO...IT IS TIME.
8-20-2018 Newshound Guru Kaperoni Well unoffically the CBI seems to have fallen out of compliance now with the spread at 1215 to $1. What that means more than likely is they will have to get back in compliance and hold it for another 90 days. So unfortunately it doesn't look like the Central Bank of Iraq will be moving to Article VIII anytime soon. I'm not officially writing off the Central Bank of Iraq yet going to give it a day or two to make sure they are in or out of compliance. Because these numbers are not official if tomorrow's numbers are lower they could be back in compliance. On another note it looks like the government is moving forward with the largest bloc being formed and announced. [NOTE: The official (And LATEST) CBI tracked market rate for the dinar is always listed in the left column of this page. As of 8-20-2018 the rate has remained within 2% range for 90 days.]
8-20-2018 Intel Guru RayRen98 It has been reported that today on Iraqi TV Prime Minister Abadi has been calling for the government of Iraq to form immediately. Iraqi TV is reporting first meeting of Parliament will be on the 28th after the Eid holiday. Quote: "Abdullah Alawi, adviser to President Fuad Masum, said on Sunday that the latter will follow the Eid holiday to invite the new parliament to convene, while referring to the expectations that the first session on 28 of this month."
8-20-2018 Newshound/Intel Guru Mnt Goat "...the judiciary announced that they completed ratification of the names of the winners of the last parliamentary elections. On Monday, Aug 20th, was quoted, the names of the winners of the elections in the Federal Court will be approved and announced." So this week should be exciting for us but not RV exciting. The question now still remains - What will the CBI now do since the election saga is just about over? I am told they will progress forward with the “project to delete the zeros” once again. We can do nothing but take a deep breath, relax and wait and see how the CBI reacts.
8-20-2018 Newshound Guru Currency365 "The Iraqi Federal Court also approved Today the manual recount of the disputed votes cast during the parliamentary election, while previous Prime Minister Nouri al-Maliki met with US Special Presidential Envoy Brett McGurk on Sunday." ...Iraq will announce the largest bloc in the coming hours!!! LETS SEE WHOS IN AND WHOS OUT...standby.
8-20-2018 Intel Gurus Delta and Frank26 "URGENT FROM IRAIQA TV: ANNOUNCEMENT OF THE FORMATION OF THE LARGEST BLOC" WHAT A TIMING...IT'S ABOUT TIME!! ...INTERESTING...IS THAT...IT'S RIGHT IN FRONT OF OUR...EYES AND THE NET... [IS THAT FRANK & DELTA NOW SINGING - THE FINAL COUNTDOWN?] AH...YEAH...
8-19-2018 Newshound Guru Kaperoni "Iraq’s Federal Supreme Court has now ratified the election results" So with the ratified election results political parties are meeting to form the largest bloc. An official announcement may come in the next day or so.
8-19-2018 Newshound Guru MilitiaMan They are imo finishing the process at that accelerated pace we have heard of. They even now are saying within hours or by tomorrow they will ratify the elections...Not that that has to be done, imo, it will be done though. I see it as a measure of safety and all to be on the up and up...And imo, it will be before the rate changes internationally for that reason and maybe others...Fascinating times...imo..
8-19-2018 Guest Guru Kathy The elections have been ratified as of this morning. They say they will announce the largest block this evening and the first parliament meeting will be within one day!! Agreed US troops will stay in Iraq to ensure security and become trainers!...
8-19-2018 Newshound Guru chattels Article: "Central Bank: adopt a mechanism to prevent rising from $ 100 thousand dinars Al121" Quote: "... the Central Bank of Iraq several measures and mechanisms adopted in order to maintain the stability of the dollar exchange rate against the Iraqi dinar at 121 thousand dinars for each $ 100." The foregoing article is interesting in that it confirms the intentionality of the CBI regarding maintaining a stability range on the value of the dinar relative to the dollar.
8-19-2018 Newshound Guru Adam Montana [..if, (big IF) the election results become official by the end of next week (after holiday) how long would you speculate that it would take to seat the new parliament and start conducting business? I realize this is Iraq and anything or nothing may happen SOON.] We're looking at about a 30 day cycle right now, IMO
8-19-2018 Newshound Guru Don961 Article: “An economist reveals the bank's printing of large amounts of currency with small categories to replace them with damage” ...from previous articles ... this will also help get more of the existing 3 zeroes out from under those mattresses ... and replace them with these smaller denominations ... because as other articles showed from the CBI ... these lower denom notes will be pushed ... in the marketplace ... and in the banks .. which will also get citizens enured to using smaller notes ... and make the transition to the RI lower denoms much more realistic psychologically ... another step ...imo
8-19-2018 Newshound Guru MilitiaMan They are imo finishing the process at that accelerated pace we have heard of. They even now are saying within hours or by tomorrow they will ratify the elections...Not that that has to be done, imo, it will be done though. I see it as a measure of safety and all to be on the up and up...And imo, it will be before the rate changes internationally for that reason and maybe others...Fascinating times...imo..
8-19-2018 Guest Guru Kathy The elections have been ratified as of this morning. They say they will announce the largest block this evening and the first parliament meeting will be within one day!! Agreed US troops will stay in Iraq to ensure security and become trainers!...
8-19-2018 Newshound Guru chattels Article: "Central Bank: adopt a mechanism to prevent rising from $ 100 thousand dinars Al121" Quote: "... the Central Bank of Iraq several measures and mechanisms adopted in order to maintain the stability of the dollar exchange rate against the Iraqi dinar at 121 thousand dinars for each $ 100." The foregoing article is interesting in that it confirms the intentionality of the CBI regarding maintaining a stability range on the value of the dinar relative to the dollar.
8-19-2018 Newshound Guru Adam Montana [..if, (big IF) the election results become official by the end of next week (after holiday) how long would you speculate that it would take to seat the new parliament and start conducting business? I realize this is Iraq and anything or nothing may happen SOON.] We're looking at about a 30 day cycle right now, IMO
8-19-2018 Newshound Guru Don961 Article: “An economist reveals the bank's printing of large amounts of currency with small categories to replace them with damage” ...from previous articles ... this will also help get more of the existing 3 zeroes out from under those mattresses ... and replace them with these smaller denominations ... because as other articles showed from the CBI ... these lower denom notes will be pushed ... in the marketplace ... and in the banks .. which will also get citizens enured to using smaller notes ... and make the transition to the RI lower denoms much more realistic psychologically ... another step ...imo
8-18-2018 Newshound/Intel Guru Mnt Goat Article quote: "Observers told The Baghdad Post that a number of Iraqi banks and foreign exchange companies have begun to send U.S. dollars to Iran." ...the banks and exchanges get the US dollars by going to the CBI currency auctions. Quote: "...THEY CALLED ON THE IRAQI GOVERNMENT TO TAKE SERIOUS ACTIONS TO STOP THE IRANIAN PLAN THAT AIM TO STEAL IRAQ'S WEALTH OF HARD CURRENCY..." ...the ONLY way they can do this is to stop the currency auctions and reinstate the dinar. If the CBI had done this years ago this would all have been sorted out by now and the Iraqi dinar would be like any other middle eastern currency. So these problems that are going to get much worst are going to come from the delay in the reinstatement of the dinar by the CBI and IMF. What the hell are they waiting for? ...Thus stop the currency auctions and reinstate the dinar with some real value.
8-18-2018 Newshound/Intel Guru tman23 [Quote from Guru Randy Koonce post 8-18-2018] "remove 000's" does NOT mean a LOP. It just means they want to get them "off the street". A. FACT REGARDING A MEETING AMONG BANKERS IN DUBAI...A PERSON FROM THE CBI USED THE PHRASE...LIFT THE ZEROS FROM THE NOTES...That does not indicate removing anything from the streets, it indicates removing 3 zeros from the notes...
8-18-2018 Newshound Guru chattels [...is that 2% really going to be held to the letter] Actually there is no " official " information so we are guessing at best... as RandyK [Guru Randy Koonce] stated, this may not be a "textbook" economic process or event.
8-18-2018 Intel Guru RayRen98 Iraqi TV is reporting a meeting scheduled for Monday that will resolve all of the block issues. Also projecting ratification of the elections will be finalized on Monday.
8-18-2018 Intel Guru Randy Koonce Everyone asks me: How does Iraq Pay for this? This event does not Cost Iraq anything. Many say that Iraq has over $35 trillion out on the market and would never be able to pay for this. The truth is Iraq has only $35 trillion and that includes the new bills. What do I mean by new bills? Those are the 1, 5, 10, 20 dinar notes... When they RV, it will by design bring in the Large Bills: "Remove the 000'S" from the Street". If you notice, "remove 000's" does NOT mean a LOP. It just means they want to get them "off the street". And by the intentional design of this event, if you bring the RV out low, like at 10 Cents and the USD is worth more than the Dinar, then the Dinar will not come off the street because they will keep their Dinar and just use the USD. [reference Guru Randy Koonce post 8-17-2018, part 2, for his rate information]
8-18-2018 Newshound/Intel Guru Mnt Goat The IMF does not want to put the Dinar out on a float at 1190 or any other program rate. ...I can give you a long list of reasons why it might not be a very good idea at this point in time to have a rate of 1190 on FOREX or any of the other global exchanges. ...there is one FACT...and that is the plan to move the dinar off the de facto peg with the US dollar to a new SDR peg with 5 other currencies from the developed countries. This is the key with this new peg in that they plan to set a new rate according to the new peg. ...This NEW PEG is what will get us the new rate we are looking for. ...normally, in past experiences, that when the IMF has done this repegging, they normally come out at about $1 USD equivalent. Then they float it and let the market drive it further. It does not normally take long to adjust and settle to the true value. The Balassa Samuelson effect is still in play and large amounts of capital can come into Iraq to rebuild just starting at 1:1 and not 1190:1. So Kap [Guru Kaperoni] is half right.
8-18-2018 Newshound Guru Kaperoni The Federal Court in Iraq will validate the election results on Monday
8-18-2018 Newshound/Intel Guru tman23 [Quote from Guru Randy Koonce post 8-18-2018] "remove 000's" does NOT mean a LOP. It just means they want to get them "off the street". A. FACT REGARDING A MEETING AMONG BANKERS IN DUBAI...A PERSON FROM THE CBI USED THE PHRASE...LIFT THE ZEROS FROM THE NOTES...That does not indicate removing anything from the streets, it indicates removing 3 zeros from the notes...
8-18-2018 Newshound Guru chattels [...is that 2% really going to be held to the letter] Actually there is no " official " information so we are guessing at best... as RandyK [Guru Randy Koonce] stated, this may not be a "textbook" economic process or event.
8-18-2018 Intel Guru RayRen98 Iraqi TV is reporting a meeting scheduled for Monday that will resolve all of the block issues. Also projecting ratification of the elections will be finalized on Monday.
8-18-2018 Intel Guru Randy Koonce Everyone asks me: How does Iraq Pay for this? This event does not Cost Iraq anything. Many say that Iraq has over $35 trillion out on the market and would never be able to pay for this. The truth is Iraq has only $35 trillion and that includes the new bills. What do I mean by new bills? Those are the 1, 5, 10, 20 dinar notes... When they RV, it will by design bring in the Large Bills: "Remove the 000'S" from the Street". If you notice, "remove 000's" does NOT mean a LOP. It just means they want to get them "off the street". And by the intentional design of this event, if you bring the RV out low, like at 10 Cents and the USD is worth more than the Dinar, then the Dinar will not come off the street because they will keep their Dinar and just use the USD. [reference Guru Randy Koonce post 8-17-2018, part 2, for his rate information]
8-18-2018 Newshound/Intel Guru Mnt Goat The IMF does not want to put the Dinar out on a float at 1190 or any other program rate. ...I can give you a long list of reasons why it might not be a very good idea at this point in time to have a rate of 1190 on FOREX or any of the other global exchanges. ...there is one FACT...and that is the plan to move the dinar off the de facto peg with the US dollar to a new SDR peg with 5 other currencies from the developed countries. This is the key with this new peg in that they plan to set a new rate according to the new peg. ...This NEW PEG is what will get us the new rate we are looking for. ...normally, in past experiences, that when the IMF has done this repegging, they normally come out at about $1 USD equivalent. Then they float it and let the market drive it further. It does not normally take long to adjust and settle to the true value. The Balassa Samuelson effect is still in play and large amounts of capital can come into Iraq to rebuild just starting at 1:1 and not 1190:1. So Kap [Guru Kaperoni] is half right.
8-18-2018 Newshound Guru Kaperoni The Federal Court in Iraq will validate the election results on Monday
8-17-2018 Intel Guru Bruce [via PinkRoses] ...a lot of our sources, a lot of our people have gone silent more than we ever had. We had banks we can talk to, redemption centers we can talk to, people in the financial business that are watching this, variety of sources, but right now most of the ones that we talk to are under gag orders and some have signed NDAs and cannot talk to us. ...Where we are right now is we had an opportunity to go last night. It didn’t happen I believe due to some security concerns...My understanding is they were remedied, fixed where they were no longer an issue. That is how close we were going...I believe that we are in a position for this to go down just about to the point of any moment. ...The rates that have come up that we have known about and the projected rates that we are talking about are very good and even higher than we have talked about that we knew in the past or that I knew about in the past... ...We are in a really good place right now for this to come down still this week. That is what I am hearing, and I believe that is what the plan is.
8-17-2018 Intel Guru Randy Koonce Right now, the pressure for this to take place is Very Great. As in, 'Extremely Huge'. Our POTUS does not care who the PM will be. He believes we can work with anyone. ...However, there is an 'agency' who got in the middle of their election process, and once again delayed the rate change. Now, that 'agency' is really wanting this to happen. So, what do we need to see? We need to see the Election ratified by the Federal Court; the 'Coalition' needs to be announced; and the next PM will then be announced. Then our event will happen! However, if these events drag out, then the Event we are looking for just might happen without the Government. It's possible. So our 'window' will last to the end of the month of August, with a strong possibility for next week. The pressure will only get stronger closer to end of month. ...We REALLY are in the final stages of this. I know that this administration wants this to be over, and they (he) wants it over NOW!! We are SO close ...So, hang in there Everyone. It's coming, one way or the other!! Breathe. [Post 3 of 3]
8-17-2018 Intel Guru Randy Koonce People say that it is not pegged to the Dollar anymore. That is BS. The Dinar is currently pegged to 3 currencies, and will continue to be pegged that way. When they change the value, they will be able to determine how much and where. No one knows the exact Rate other than Shabibbi (still involved in the CBI) and the Governor of the CBI. They were given a "Range to Revalue the Currency". And that range begins at $1.50. Iraq actually needs it to be around $2.50 to be able to pay everyone and everything, and $1.50 will not leave them the ability to pay back the loans they will receive. So, I am of the OPINION it will come in higher than that. But we will see... [post 2 of 3....stay tuned]
8-17-2018 Intel Guru Randy Koonce First, we are in a new window of opportunity 'right now'. When I say that, it does NOT mean it will happen "without a doubt in this current window" (Remember: It's Iraq!). What it does mean is that there is a very good chance for the rate to finally change. Now. ...I hope that one day I might get the opportunity to explain why this has taken so long. There are so many factors at work. More than one person and/or agency has had influence on the RV. It has become far more political than anyone ever intended or expected. Also, for anyone who thinks this will come out at 10 cents and float up - they do not know how this system will work and did not read the right articles from the right people. This was never planned to be an 'economic text book' event. The Currency will be a MANAGED FLOAT. The word 'managed' is the clue. It means that 'someone' will determined when to move it and how much. The Dinar right now is on a Managed Float. So, you can see that if it does not RV that it will not move... [post 1 of 3....stay tuned]
8-17-2018 Intel Guru Jester SOMEONE MAY HAVE GOT PAID ... WE ARE BUSY CHECKING IT OUT... GOT THE WOLF [GURU REDWOLF] ... AND MARKZ [GURU MARKZ] AND EVERYONE LOOKING...HOPEFULLY SOME GOOD NEWS ... SATURDAY...
8-17-2018 Newshound Guru Kaperoni Iraq is on the verge of falling out of compliance at today's auction 1212 to 1 US dollar. If they don't reverse this in the next day or so they will fall out of compliance and then I expect the wheels to come off as Maliki attempts to drain dollars to help Iran. And despite what the gurus will say, it could be months at least three but probably more like years before they get back in line because I don't expect sanctions on Iran to be lifted anytime soon. Crooks like Maliki will realize that they are out of compliance and do everything they can to help their allegiance to Iran and to reverse that it could take years. The last time this occurred was in 2012 and look it's 2018 now. Ideally I believe the US Embassy in Iraq should step in and remove all of these corrupt politicians and start with a clean slate with the hope of a short window to begin reforms. So the next two to four weeks will be very telling... To see if the CBI can maintain the spread and if the government can be formed. [You can always see the latest CBI reported market rate and official rate on the left side of this page]
8-17-2018 Newshound Guru Adam Montana Article: "Federal Court to postpone the case of the export of oil Kurdistan directly to next month" Quote: "On Sunday, the Federal Supreme Court postponed the appeal against the export of oil from Kurdistan directly to the third day of next month." [The...article seems to indicate the Oil and Gas PROVISIONS can be implemented via the Federal Court....If so, the HCL related considerations may be applied more instantaneous than having to go through the upcoming newly seated Parliament, ratified by the yet to be elected President, and then published in the Gazette.] THIS is the reason I'm so excited right now! You are 100% correct - the HCL (OIL AND GAS!) can be implemented at any time! ANY TIME!...
8-17-2018 Intel Gurus Delta and Frank26 Article quote: "The value of the Iraqi currency fell from 1200 dinars to the dollar last Sunday, to 1210 dinars now..." THEY HAVE TO MOVE FASTER NOW... DO SOMETHING OR FALL OUT OF 2% COMPLIANT!!! [You can always see the latest CBI reported market rate and official rate on the left side of this page]
8-17-2018 Intel Guru Randy Koonce Right now, the pressure for this to take place is Very Great. As in, 'Extremely Huge'. Our POTUS does not care who the PM will be. He believes we can work with anyone. ...However, there is an 'agency' who got in the middle of their election process, and once again delayed the rate change. Now, that 'agency' is really wanting this to happen. So, what do we need to see? We need to see the Election ratified by the Federal Court; the 'Coalition' needs to be announced; and the next PM will then be announced. Then our event will happen! However, if these events drag out, then the Event we are looking for just might happen without the Government. It's possible. So our 'window' will last to the end of the month of August, with a strong possibility for next week. The pressure will only get stronger closer to end of month. ...We REALLY are in the final stages of this. I know that this administration wants this to be over, and they (he) wants it over NOW!! We are SO close ...So, hang in there Everyone. It's coming, one way or the other!! Breathe. [Post 3 of 3]
8-17-2018 Intel Guru Randy Koonce People say that it is not pegged to the Dollar anymore. That is BS. The Dinar is currently pegged to 3 currencies, and will continue to be pegged that way. When they change the value, they will be able to determine how much and where. No one knows the exact Rate other than Shabibbi (still involved in the CBI) and the Governor of the CBI. They were given a "Range to Revalue the Currency". And that range begins at $1.50. Iraq actually needs it to be around $2.50 to be able to pay everyone and everything, and $1.50 will not leave them the ability to pay back the loans they will receive. So, I am of the OPINION it will come in higher than that. But we will see... [post 2 of 3....stay tuned]
8-17-2018 Intel Guru Randy Koonce First, we are in a new window of opportunity 'right now'. When I say that, it does NOT mean it will happen "without a doubt in this current window" (Remember: It's Iraq!). What it does mean is that there is a very good chance for the rate to finally change. Now. ...I hope that one day I might get the opportunity to explain why this has taken so long. There are so many factors at work. More than one person and/or agency has had influence on the RV. It has become far more political than anyone ever intended or expected. Also, for anyone who thinks this will come out at 10 cents and float up - they do not know how this system will work and did not read the right articles from the right people. This was never planned to be an 'economic text book' event. The Currency will be a MANAGED FLOAT. The word 'managed' is the clue. It means that 'someone' will determined when to move it and how much. The Dinar right now is on a Managed Float. So, you can see that if it does not RV that it will not move... [post 1 of 3....stay tuned]
8-17-2018 Intel Guru Jester SOMEONE MAY HAVE GOT PAID ... WE ARE BUSY CHECKING IT OUT... GOT THE WOLF [GURU REDWOLF] ... AND MARKZ [GURU MARKZ] AND EVERYONE LOOKING...HOPEFULLY SOME GOOD NEWS ... SATURDAY...
8-17-2018 Newshound Guru Kaperoni Iraq is on the verge of falling out of compliance at today's auction 1212 to 1 US dollar. If they don't reverse this in the next day or so they will fall out of compliance and then I expect the wheels to come off as Maliki attempts to drain dollars to help Iran. And despite what the gurus will say, it could be months at least three but probably more like years before they get back in line because I don't expect sanctions on Iran to be lifted anytime soon. Crooks like Maliki will realize that they are out of compliance and do everything they can to help their allegiance to Iran and to reverse that it could take years. The last time this occurred was in 2012 and look it's 2018 now. Ideally I believe the US Embassy in Iraq should step in and remove all of these corrupt politicians and start with a clean slate with the hope of a short window to begin reforms. So the next two to four weeks will be very telling... To see if the CBI can maintain the spread and if the government can be formed. [You can always see the latest CBI reported market rate and official rate on the left side of this page]
8-17-2018 Newshound Guru Adam Montana Article: "Federal Court to postpone the case of the export of oil Kurdistan directly to next month" Quote: "On Sunday, the Federal Supreme Court postponed the appeal against the export of oil from Kurdistan directly to the third day of next month." [The...article seems to indicate the Oil and Gas PROVISIONS can be implemented via the Federal Court....If so, the HCL related considerations may be applied more instantaneous than having to go through the upcoming newly seated Parliament, ratified by the yet to be elected President, and then published in the Gazette.] THIS is the reason I'm so excited right now! You are 100% correct - the HCL (OIL AND GAS!) can be implemented at any time! ANY TIME!...
8-17-2018 Intel Gurus Delta and Frank26 Article quote: "The value of the Iraqi currency fell from 1200 dinars to the dollar last Sunday, to 1210 dinars now..." THEY HAVE TO MOVE FASTER NOW... DO SOMETHING OR FALL OUT OF 2% COMPLIANT!!! [You can always see the latest CBI reported market rate and official rate on the left side of this page]
8-16-2018 Newshound Guru Kaperoni Concerns rise over the stability of the dinar. Todays market rate is reported at 1210 to $1. Dangerously close to falling out of IMF compliance. Some articles are even reporting 1212 to $1...Which is only 2 dinar from 1214 the max under the 2% rule. [You can always see the latest CBI reported market rate and official rate on the left side of this page]
8-16-2018 Newshound Guru Adam Montana Article: "Iraq invests $ 24.5 billion in US Treasuries" Why would Iraq be investing in US Treasuries? That's a good question, and I think the answer is obvious - both the US and Iraq are going forward in a positive direction, so it's a smart play. We are on the smart side of that play, and here's the best part: I don't have to beat that drum - Iraq is doing it for me.
8-16-2018 Guest Guru Mark It's important that they build a budget so they can create monetary policy for the Central Bank. They're not building an exchange rate in the budget...they are basing it on what they have today. You're not going to find it in any budget...never been in any budget in the past and I don't believe it's going to be in any budget going forward. When they eventually do this it's a process...and when they do make the change they will have under discussion and under ideas of how they are going to make these changes and they will ultimately alter the budget based on the new value of the currency. So if you're...thinking I have to look at the budget to see if it's in there....don't. It's not going to be there, it never has and never will be.
8-16-2018 Newshound/Intel Guru Mnt Goat As the breaking news evolves, we will see more and more emphasis on the Iraq / Iran relationship and the impacts of the sanctions. I am telling everyone right now...that unless the CBI moves ahead on the reinstatement of the dinar quickly, once the govt is formed, we will be in a situation that the November Iranian sanctions will delay the CBI once again possibility until 2019.
8-16-2018 Newshound/Intel Guru David M. Witty Iraqi Election Commission sends final election results to Federal Court for official approval. Complaint period complete.
8-16-2018 Newshound Guru Currency365 Things are quiet right now maybe too quiet lol but its already Aug 15th and many important dates are coming up very soon so we just stand firm and wait for the excitement to being.
8-16-2018 Newshound Guru Adam Montana [...do you really think Iraq CBI will RV their currency during 2018 and/or early 2019?...] For the record, I do believe that we are in the final stretch. It may seem like they have been kicking the can down the road, but when you stop to examine all the details, it really makes sense. If they had Revalued their currency in 2013, or 14, it would have been a disaster! They didn't have the infrastructure, the stability, or anything else they needed to make it a success. Today, we're in a different boat. NOW it is possible, and before it was not.
8-16-2018 Newshound Guru Adam Montana Article: "Iraq invests $ 24.5 billion in US Treasuries" Why would Iraq be investing in US Treasuries? That's a good question, and I think the answer is obvious - both the US and Iraq are going forward in a positive direction, so it's a smart play. We are on the smart side of that play, and here's the best part: I don't have to beat that drum - Iraq is doing it for me.
8-16-2018 Guest Guru Mark It's important that they build a budget so they can create monetary policy for the Central Bank. They're not building an exchange rate in the budget...they are basing it on what they have today. You're not going to find it in any budget...never been in any budget in the past and I don't believe it's going to be in any budget going forward. When they eventually do this it's a process...and when they do make the change they will have under discussion and under ideas of how they are going to make these changes and they will ultimately alter the budget based on the new value of the currency. So if you're...thinking I have to look at the budget to see if it's in there....don't. It's not going to be there, it never has and never will be.
8-16-2018 Newshound/Intel Guru Mnt Goat As the breaking news evolves, we will see more and more emphasis on the Iraq / Iran relationship and the impacts of the sanctions. I am telling everyone right now...that unless the CBI moves ahead on the reinstatement of the dinar quickly, once the govt is formed, we will be in a situation that the November Iranian sanctions will delay the CBI once again possibility until 2019.
8-16-2018 Newshound/Intel Guru David M. Witty Iraqi Election Commission sends final election results to Federal Court for official approval. Complaint period complete.
8-16-2018 Newshound Guru Currency365 Things are quiet right now maybe too quiet lol but its already Aug 15th and many important dates are coming up very soon so we just stand firm and wait for the excitement to being.
8-16-2018 Newshound Guru Adam Montana [...do you really think Iraq CBI will RV their currency during 2018 and/or early 2019?...] For the record, I do believe that we are in the final stretch. It may seem like they have been kicking the can down the road, but when you stop to examine all the details, it really makes sense. If they had Revalued their currency in 2013, or 14, it would have been a disaster! They didn't have the infrastructure, the stability, or anything else they needed to make it a success. Today, we're in a different boat. NOW it is possible, and before it was not.
8-15-2018 Intel Guru Jester [ ...Turkey's currency has dropped nearly a third in the last week...With all the global banks being so inter-connected do you see that causing a problem for other nations or major banks?] WELL I HAVE THE [GURU] REDWOLF ON THAT ONE... WE THINK IT IS THE START OF REVALUING WEAK CURRENCIES WITH LITTLE GOLD OR ASSET SUPPORT... THERE ARE OTHERS GOING ON RIGHT NOW JUST NOT AS PROLIFIC... THE OPERATIVE WORKING THINKING IS THAT THINGS ARE MOVING ALONG USING OTHER EXCUSES FOR SMOKE SCREEN...
8-15-2018 Newshound Guru Kaperoni ...it is not advantageous for Iraq to sit in Article XIV especially since it's been stated numerous times in the Article IV Consultations that moving to Article VIII will send a positive message to the global investment community. Iraq needs a private-sector badly.
8-15-2018 Intel Guru Footforward You will see alot of people sell or get rid of their dinar as we get closer. This is another sign. I will not be one of these people. Don't be a fool.
8-15-2018 Newshound Guru Adam Montana Is it Groundhog Day? It certainly seems like it, especially after the following: We're still waiting on election results. That's a bummer for everyone waiting on some groundbreaking news, but for most of us... we understand the process, and because we're nearing the end of this chapter, it's not too hard to be patient (for just a LITTLE bit longer!). It's almost mind-boggling to look at the situation and try to understand how it can take them so long to count up a couple of ballots, but that's the way it is. Here's an article that is interesting: "Abadi's chances to assume 2nd term in office decreased" ...it's an Iranian source. Which might mean everything, or nothing. Either way, we're still waiting for the official end of the elections, and until that's done... we are in limbo.
8-15-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, main election winner Sadr's Sairoon Coalition says agreement reached in principle between Sairoon, Nasr, Hikma & Wataniya on forming new governing alliance. New PM to select new cabinet as he likes without party considerations.
8-15-2018 Intel Guru Frank26 Article: "Analyst: US Embassy imposes itself as guardian of Iraqi government decisions" Quotes: "the presence of the American economic team within the embassy came to monitor the financial performance of the government and the extent of Iraq's commitment to the International Monetary Fund."; "the work of the team in monitoring how to deal with the implementation of the conditions of the IMF is a major breach of Iraqi sovereignty." HOW MANY OF YOU BELIEVE THE GOAL OF THE USA IS TO KEEP THE IQD AT A PROGRAM RATE? (Wink) (big Grin)
8-15-2018 Intel Guru Bruce [via PinkRoses] ...We know a lot of our sources are just absolutely quiet between the NDAs and gag orders that are out there. A lot of it is super quiet. We do have some information here and there. Rates that we do have or had the last couple of days are very good. ...As far as we can see the so called John Q Public...the latest timing of that we heard is August 21st - 22nd...Things are coming together and more and more pieces of the puzzle is coming in and we are able to see the picture now which looks great for us...We are excited... We are just at the point right now where we are ready to go.
8-15-2018 Newshound/Intel Guru Mnt Goat Article quote: "The results of the elections proved that Abadi and Jabouri calls to hold manual recounting of parliamentary elections votes were an attempt to achieve political gains"
...this article confirms what I have been saying all along...That the sorting and recounting is a conspiracy to stall the formation of the government. Now having said this – is this really that bad since they needed to stall due to cleaning out the corrupt officials and to form the strongest alliance.
8-15-2018 Newshound Guru Kaperoni ...it is not advantageous for Iraq to sit in Article XIV especially since it's been stated numerous times in the Article IV Consultations that moving to Article VIII will send a positive message to the global investment community. Iraq needs a private-sector badly.
8-15-2018 Intel Guru Footforward You will see alot of people sell or get rid of their dinar as we get closer. This is another sign. I will not be one of these people. Don't be a fool.
8-15-2018 Newshound Guru Adam Montana Is it Groundhog Day? It certainly seems like it, especially after the following: We're still waiting on election results. That's a bummer for everyone waiting on some groundbreaking news, but for most of us... we understand the process, and because we're nearing the end of this chapter, it's not too hard to be patient (for just a LITTLE bit longer!). It's almost mind-boggling to look at the situation and try to understand how it can take them so long to count up a couple of ballots, but that's the way it is. Here's an article that is interesting: "Abadi's chances to assume 2nd term in office decreased" ...it's an Iranian source. Which might mean everything, or nothing. Either way, we're still waiting for the official end of the elections, and until that's done... we are in limbo.
8-15-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, main election winner Sadr's Sairoon Coalition says agreement reached in principle between Sairoon, Nasr, Hikma & Wataniya on forming new governing alliance. New PM to select new cabinet as he likes without party considerations.
8-15-2018 Intel Guru Frank26 Article: "Analyst: US Embassy imposes itself as guardian of Iraqi government decisions" Quotes: "the presence of the American economic team within the embassy came to monitor the financial performance of the government and the extent of Iraq's commitment to the International Monetary Fund."; "the work of the team in monitoring how to deal with the implementation of the conditions of the IMF is a major breach of Iraqi sovereignty." HOW MANY OF YOU BELIEVE THE GOAL OF THE USA IS TO KEEP THE IQD AT A PROGRAM RATE? (Wink) (big Grin)
8-15-2018 Intel Guru Bruce [via PinkRoses] ...We know a lot of our sources are just absolutely quiet between the NDAs and gag orders that are out there. A lot of it is super quiet. We do have some information here and there. Rates that we do have or had the last couple of days are very good. ...As far as we can see the so called John Q Public...the latest timing of that we heard is August 21st - 22nd...Things are coming together and more and more pieces of the puzzle is coming in and we are able to see the picture now which looks great for us...We are excited... We are just at the point right now where we are ready to go.
8-15-2018 Newshound/Intel Guru Mnt Goat Article quote: "The results of the elections proved that Abadi and Jabouri calls to hold manual recounting of parliamentary elections votes were an attempt to achieve political gains"
...this article confirms what I have been saying all along...That the sorting and recounting is a conspiracy to stall the formation of the government. Now having said this – is this really that bad since they needed to stall due to cleaning out the corrupt officials and to form the strongest alliance.
8-14-2018 Intel Guru RayRen98 IRAQI TV REPORTS 240 APPEALS WERE FILED AGAINST THE ELECTION RECOUNT, THE FED COURT WILL SUPPOSEDLY REVIEW EACH OF THEM. STAY CALM...TIME WILL TELL.
8-14-2018 Newshound Guru Don961 Article: "Eid al - Adha holiday in Iraq from Tuesday 21 - 8 until Sunday" Quote: "The Council of Ministers set the Eid al-Adha holiday on Tuesday, August 21, 2018, until Sunday 26 of the same month...official working hours will resume on Monday, August 27."
8-14-2018 Newshound Guru MilitiaMan Article: "Main functions of the Internal Audit Department" Quote: "To manage the work of the internal audit teams and determine their duties, including all departments and branches of the Bank, and to follow up on the performance of its tasks, in compliance with international standards." ...this is telling the world, we are ready once again and clearly laying it out we are abiding by international standards...imo...Evasion of Sanctions will be caught with this highly transparent auditing detail in place. This didn't just get started yesterday...This has been a work in process for years now. This speaks of we are ready even more now, since Alak said so months ago...Very very well timed... Imo...
8-14-2018 Newshound/Intel Guru David M. Witty Iraqi PM backs away from statement that Iraq will fully comply with new U.S. sanctions against Iran. Says for now, Iraq will only not conduct transactions with Iran in dollars. Says other aspects are still being discussed.
8-14-2018 Newshound Guru chattels Article: "Iran-Iraq tensions rise as Tehran demands war compensation Ali Mamouri..." Quote: "The controversy over Iraqi acceptance of the US sanctions and then Iran’s demands for war compensation has divided the Iraqi street into two opposing camps..." Increasingly it appears to me that the US sanctions against Iran are not good for Iraq or our event.
8-14-2018 Guest Guru BobTheTaxman …One of the things that Trump did which I was really appreciative of was the fact that he recognizes that it is…the middle income of America that is the machine that keeps the finances of the whole freaking world going…to lower the taxes and to give everyone the opportunity to breath, to expand their world, to achieve a retirement…The thing that I happen to get out of doing this is helping to take the fear out. In my career of doing taxes I always taught several saying I really enjoyed. 1. G.O.D. and the I.R.S. are not the same. Pigs get fat and Hogs get slaughtered. So learning how to play the game gives peace. When you have peace everything else is a lot more fun. Period…The other part of it is to be able to take what I have managed to learned over the past 30 some odd years and to apply it directly to our dinar investment brings me great peace. Brings me great joy. And I love showing people it’s not nearly as complicated. And the 2018 tax laws - man, those are a godsend for us! They are phenomenal… [He recommends speaking with SIX tax professionals at the appropriate time and picking the one you feel "listens" the most. ]
8-14-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQI PRIME MINISTER HAIDER AL-ABADI’S COMMENTS THAT HIS COUNTRY WOULD ABIDE BY US SANCTIONS TAKEN ON IRAN" ...don’t dismiss the impact these sanctions will have on Iraq. This is going to be the next real “BIGGIE” that we have to worry about if they don’t push out this reinstatement of the dinar real soon...They let the target of Dec-Jan for the reinstatement melt away due to the corruption and so here we are in August...and still no RV. And so, although I support president Trump in finally enforcing with the Iranians the “red line”, I think this too may overflow into the objectives of our investment – the reinstatement of the dinar. These sanctions are going to be real intense for Iran... Quote: “...Iran will seek to stop the collapse of its local currency by getting the dollar at any price from neighboring countries, while .pointing out that Iraq is the closest of these countries Iran will seek to stop the collapse of its local currency by getting the dollar at any price, Iraq"
8-14-2018 Newshound Guru chattels Quote: "Revealed the current national wisdom headed by Ammar al - Hakim, on Monday, ...the next three days will see the introduction of new names for prime minister." Ali Mohammad Al-Hussein Ali Al-Adeeb has been mentioned recently, but he is arguably a Maliki proxy. And, The man who may become Iraq’s next Prime Minister Jaafar al-Sadr is a strong candidate to take the top job, but there are plenty of obstacles in his way. Abadi heads the Iraqi Caretaker Government as PM until replaced and he is the choice of the U.S.
8-14-2018 Newshound Guru Don961 Article: "Eid al - Adha holiday in Iraq from Tuesday 21 - 8 until Sunday" Quote: "The Council of Ministers set the Eid al-Adha holiday on Tuesday, August 21, 2018, until Sunday 26 of the same month...official working hours will resume on Monday, August 27."
8-14-2018 Newshound Guru MilitiaMan Article: "Main functions of the Internal Audit Department" Quote: "To manage the work of the internal audit teams and determine their duties, including all departments and branches of the Bank, and to follow up on the performance of its tasks, in compliance with international standards." ...this is telling the world, we are ready once again and clearly laying it out we are abiding by international standards...imo...Evasion of Sanctions will be caught with this highly transparent auditing detail in place. This didn't just get started yesterday...This has been a work in process for years now. This speaks of we are ready even more now, since Alak said so months ago...Very very well timed... Imo...
8-14-2018 Newshound/Intel Guru David M. Witty Iraqi PM backs away from statement that Iraq will fully comply with new U.S. sanctions against Iran. Says for now, Iraq will only not conduct transactions with Iran in dollars. Says other aspects are still being discussed.
8-14-2018 Newshound Guru chattels Article: "Iran-Iraq tensions rise as Tehran demands war compensation Ali Mamouri..." Quote: "The controversy over Iraqi acceptance of the US sanctions and then Iran’s demands for war compensation has divided the Iraqi street into two opposing camps..." Increasingly it appears to me that the US sanctions against Iran are not good for Iraq or our event.
8-14-2018 Guest Guru BobTheTaxman …One of the things that Trump did which I was really appreciative of was the fact that he recognizes that it is…the middle income of America that is the machine that keeps the finances of the whole freaking world going…to lower the taxes and to give everyone the opportunity to breath, to expand their world, to achieve a retirement…The thing that I happen to get out of doing this is helping to take the fear out. In my career of doing taxes I always taught several saying I really enjoyed. 1. G.O.D. and the I.R.S. are not the same. Pigs get fat and Hogs get slaughtered. So learning how to play the game gives peace. When you have peace everything else is a lot more fun. Period…The other part of it is to be able to take what I have managed to learned over the past 30 some odd years and to apply it directly to our dinar investment brings me great peace. Brings me great joy. And I love showing people it’s not nearly as complicated. And the 2018 tax laws - man, those are a godsend for us! They are phenomenal… [He recommends speaking with SIX tax professionals at the appropriate time and picking the one you feel "listens" the most. ]
8-14-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQI PRIME MINISTER HAIDER AL-ABADI’S COMMENTS THAT HIS COUNTRY WOULD ABIDE BY US SANCTIONS TAKEN ON IRAN" ...don’t dismiss the impact these sanctions will have on Iraq. This is going to be the next real “BIGGIE” that we have to worry about if they don’t push out this reinstatement of the dinar real soon...They let the target of Dec-Jan for the reinstatement melt away due to the corruption and so here we are in August...and still no RV. And so, although I support president Trump in finally enforcing with the Iranians the “red line”, I think this too may overflow into the objectives of our investment – the reinstatement of the dinar. These sanctions are going to be real intense for Iran... Quote: “...Iran will seek to stop the collapse of its local currency by getting the dollar at any price from neighboring countries, while .pointing out that Iraq is the closest of these countries Iran will seek to stop the collapse of its local currency by getting the dollar at any price, Iraq"
8-14-2018 Newshound Guru chattels Quote: "Revealed the current national wisdom headed by Ammar al - Hakim, on Monday, ...the next three days will see the introduction of new names for prime minister." Ali Mohammad Al-Hussein Ali Al-Adeeb has been mentioned recently, but he is arguably a Maliki proxy. And, The man who may become Iraq’s next Prime Minister Jaafar al-Sadr is a strong candidate to take the top job, but there are plenty of obstacles in his way. Abadi heads the Iraqi Caretaker Government as PM until replaced and he is the choice of the U.S.
8-13-2018 Newshound/Intel Guru Mnt Goat They have to announce the newly elected chairman first. Then they must swear in the newly elected members of parliament.Then the winning party (Sadr Movement) presents their candidate for prime minister. He/she is then ratified by the new parliament to form his/her cabinet of ministries and give 90 days to do so. Remember this: When you hear the term “form the new government” this could be referring to two entirely different objectives. 1) is getting parliament members and the speaker back in session, the new president elected and his deputies or 2) it could mean the formation of the prime minister’s cabinet or both. So the articles are not always clear on the use of these terms. [post 2 of 2]
8-13-2018 Newshound/Intel Guru Mnt Goat Is the Iraqi government already formed? Again a rumor stating that it is already formed is just that - a rumor. On Monday 8/6 they announced the sorting and re-counting was completed. Then the rest of the week the judiciary oversite reviewed the results and finding from the judges assigned to the re-counting. On Friday 8/10 they made a decision to ratify the election results for all but three candidates now charged with corruption in the cabinet ministries. So these were not parliamentary members but members of Abadi’s council of ministers. Now that the election results are ratified by the judiciary they can hold the first session of parliament. They have not yet given us a date as to when this will happen. My guess is probably this week sometime. [post 1 of 2....stay tuned]
8-13-2018 Newshound Guru Kaperoni ...the very purpose of floating the currency is to counter inflationary pressure created by substantial investment. If you were to revalue...you would be circumventing that process. Not to mention the CBI will make money buying and selling blocks of currency ending the currency auction. Any such single event would circumvent the ability to profit as the dinar rises.
8-13-2018 Newshound/Intel Guru Mnt Goat Anyway that this happens, we are told they must watch for inflation in this process, as a sudden adjustment in the value of the dinar could cause prices to sore [soar ?] or even not adjust past the larger 3 zero notes. The prices must come down and adjust. This will not be deflation but an adjustment to equal value within Iraq. For instance, a 25,000 note will be worth $25 at a 1:1. Then as the rate adjust on the FOREX float and rises for example to $3.00 USD, this same note can be worth $75 in Iraq. So you can see the increase in purchasing power at the marketplace. It is all relative and not a “lop” being performed but an “redenomination”. [post 3 of 3]
8-13-2018 Newshound/Intel Guru Mnt Goat What to expect next from the CBI? So Eid al-Adha holiday in Iraq 2018 will begin in the evening of Tuesday August 21 and will end in the evening of Saturday August 25. I can assure everyone that the holiday has absolutely no significance in the timing of the reinstatement. FACT: The CBI is going to soon begin it’s long overdue educational program to the citizens on the reinstatement process and the launching of the newer category notes. This could come at the same time as the dinar is reinstated back on the currency exchanges or it might come days before. [post 2 of 3....stay tuned]
8-13-2018 Newshound/Intel Guru Mnt Goat Relax when it comes close to the reinstatement we will hear from the CBI. They have told me over and over again that when the time gets close, simply read the news media from Iraq. They fully intend to explain the process of the final stages of the “project to delete the zeros’ to the citizens. So far, they have kept their promises each time they geared up for the past target dates. I have no reason why they would not continue to do the same. ...So what did the CBI last tell us? They told us they needed a more “suitable timeframe”. This to us meant that the elections process first needed clean out the corrupt officials, which in turn would assist in stopping much of the money laundering, fraud and manipulation of the currency auctions. This is now all being taken care of as the election results become public. The judiciary just told us they ratified the results. So this is moving forward. [post 1 of 3....stay tuned]
8-13-2018 Newshound Guru Breitling …The situation that you are watching with Turkey and their currency going down and then obviously the value of Iran’s currency going down…it will be nothing like the Iraqi dinar. Basically we are at war and we want to get rid of the people at the top. He’s [Trump] trying to squeeze them and force them into doing deals. Just like we did with Nato and with the EU in general and with Russia…The thing with Turkey is their currency has gone down and their leaders are panicking. …lots of signals out there that even if it does go back up it will not be anything significant….so stay away from them [Turkey and Iran Currency]. The Zimbabwe currency stay away from it…We’ve talked about it a lot but there needs to be a lot done for the Vietnamese currency. I still have it but there is no report. Again it all depends on China. On China’s attitude. On what China is doing.
8-13-2018 Intel Guru Delta Article quote: "ISAKA, the US-based international banking organization, opened its own branch in Baghdad." ...REPEAT AFTER ME IRAQ...INTERNATIONAL!!! OTHER THAN THAT...NONE OF JULY NOR AUGUST...WOULD HAVE HAPPENED AS THEY HAVE.
8-13-2018 Newshound Guru Kaperoni Iraqi CBI gets ISO 9001 certification. This is great news they meet international compliance on cash management. Iraq is creating the conditions to support a private sector and private investment.
8-13-2018 Newshound/Intel Guru Mnt Goat Is the Iraqi government already formed? Again a rumor stating that it is already formed is just that - a rumor. On Monday 8/6 they announced the sorting and re-counting was completed. Then the rest of the week the judiciary oversite reviewed the results and finding from the judges assigned to the re-counting. On Friday 8/10 they made a decision to ratify the election results for all but three candidates now charged with corruption in the cabinet ministries. So these were not parliamentary members but members of Abadi’s council of ministers. Now that the election results are ratified by the judiciary they can hold the first session of parliament. They have not yet given us a date as to when this will happen. My guess is probably this week sometime. [post 1 of 2....stay tuned]
8-13-2018 Newshound Guru Kaperoni ...the very purpose of floating the currency is to counter inflationary pressure created by substantial investment. If you were to revalue...you would be circumventing that process. Not to mention the CBI will make money buying and selling blocks of currency ending the currency auction. Any such single event would circumvent the ability to profit as the dinar rises.
8-13-2018 Newshound/Intel Guru Mnt Goat Anyway that this happens, we are told they must watch for inflation in this process, as a sudden adjustment in the value of the dinar could cause prices to sore [soar ?] or even not adjust past the larger 3 zero notes. The prices must come down and adjust. This will not be deflation but an adjustment to equal value within Iraq. For instance, a 25,000 note will be worth $25 at a 1:1. Then as the rate adjust on the FOREX float and rises for example to $3.00 USD, this same note can be worth $75 in Iraq. So you can see the increase in purchasing power at the marketplace. It is all relative and not a “lop” being performed but an “redenomination”. [post 3 of 3]
8-13-2018 Newshound/Intel Guru Mnt Goat What to expect next from the CBI? So Eid al-Adha holiday in Iraq 2018 will begin in the evening of Tuesday August 21 and will end in the evening of Saturday August 25. I can assure everyone that the holiday has absolutely no significance in the timing of the reinstatement. FACT: The CBI is going to soon begin it’s long overdue educational program to the citizens on the reinstatement process and the launching of the newer category notes. This could come at the same time as the dinar is reinstated back on the currency exchanges or it might come days before. [post 2 of 3....stay tuned]
8-13-2018 Newshound/Intel Guru Mnt Goat Relax when it comes close to the reinstatement we will hear from the CBI. They have told me over and over again that when the time gets close, simply read the news media from Iraq. They fully intend to explain the process of the final stages of the “project to delete the zeros’ to the citizens. So far, they have kept their promises each time they geared up for the past target dates. I have no reason why they would not continue to do the same. ...So what did the CBI last tell us? They told us they needed a more “suitable timeframe”. This to us meant that the elections process first needed clean out the corrupt officials, which in turn would assist in stopping much of the money laundering, fraud and manipulation of the currency auctions. This is now all being taken care of as the election results become public. The judiciary just told us they ratified the results. So this is moving forward. [post 1 of 3....stay tuned]
8-13-2018 Newshound Guru Breitling …The situation that you are watching with Turkey and their currency going down and then obviously the value of Iran’s currency going down…it will be nothing like the Iraqi dinar. Basically we are at war and we want to get rid of the people at the top. He’s [Trump] trying to squeeze them and force them into doing deals. Just like we did with Nato and with the EU in general and with Russia…The thing with Turkey is their currency has gone down and their leaders are panicking. …lots of signals out there that even if it does go back up it will not be anything significant….so stay away from them [Turkey and Iran Currency]. The Zimbabwe currency stay away from it…We’ve talked about it a lot but there needs to be a lot done for the Vietnamese currency. I still have it but there is no report. Again it all depends on China. On China’s attitude. On what China is doing.
8-13-2018 Intel Guru Delta Article quote: "ISAKA, the US-based international banking organization, opened its own branch in Baghdad." ...REPEAT AFTER ME IRAQ...INTERNATIONAL!!! OTHER THAN THAT...NONE OF JULY NOR AUGUST...WOULD HAVE HAPPENED AS THEY HAVE.
8-13-2018 Newshound Guru Kaperoni Iraqi CBI gets ISO 9001 certification. This is great news they meet international compliance on cash management. Iraq is creating the conditions to support a private sector and private investment.
8-12-2018 Newshound Guru MilitiaMan [Does The HCL have to be implemented before the RI/RV.] Imo, It has been for months now, just not literally yet. They have calculated the information necessary for them to have the HCL done and even activated by or on about September 5th per articles of recent... The calculation would be based on oil output that the IMF and even KPMG would have had already worked up. The citizens imo will be paid their share apparently on or around the 5th of September, but, that amount would be posted electronically to then [them ?] in new currency that can be loaded on cards. There is a recent article(s) that state just how serious it would be to tell them that the money is coming and for them to not follow through, would create even harsher protests... They know they are getting paid, and, imo, the international calculation / rate will be / maybe exposed long before that date. They just showed the specimens to the world and what that means to them and us.. It is for other countries to know what to look for... As in when we walk through the doors with those notes, they can verify what they are looking at...Amazing what is staring at us in the face.. IMO!!
8-12-2018 Newshound Guru Kaperoni [reference Guru Kaperoni post 8-11-2018] The announcement of...now offering immediate cash exchange is is not that much different from their normal policy other than the fact that you're getting cash immediately which eliminates corruption or trickery or scamming...they are now positioning themselves to become a player...What I mean by that is that they are announcing of sorts that they want to be a 'facilitator' and by offering on the spot cash they are removing the potential for scamming. I had stated several years ago when people ask me about cash out not to worry and that we will deal with it when it becomes relevant. So this is good news for us as dinar holders...it is still up to Iraq to transition to Article VIII and engage their banking system with the world financial system allowing the currency to appreciate.
8-12-2018 Newshound/Intel Guru Mnt Goat Article: "Iraqi Prime Minister Haider al-Abadi’s comments that his country would abide by US sanctions has taken Iranian media by surprise." Quote: "As a matter of principle, we are against sanctions in the region," Abadi said at a press conference Aug. 8. "Blockade and sanctions destroy societies and weaken regimes." He added that they are a "strategic mistake" but that Iraq "will abide by them." ...of course Abadi has to comply with the US request for these sanctions if he wants to be prime minister again. This is NOT such a bad thing...just so you know… This is all going to get real sticky and Iran will try anything to get the CBI funds. They are going to get real desperate with their neighbors. [post 3 of 3]
8-12-2018 Newshound/Intel Guru Mnt Goat Yes, they are under great pressure to get rid of the Iranian influence in the political process more than ever. If they do not clean this up, it is only going to get real bad for Iraq once these sanctions kick in fully during November. ...much of this delay in getting the government formed is due to the efforts to clean out the corrupt politicians and Iranian influence... ...any corrupt Iranians in the Iraqi political process would play the same old games with the wealth from the CBI. They would use legitimate reconstruction contracts that never get completed and funds taken, fake banks, illegal banking loans to take funds out of the CBI reserves to give to the Iranian to help them through these sanctions, which are going to be the MOST severe yet placed on them come November. [post 2 of 3....stay tuned]
8-12-2018 Newshound/Intel Guru Mnt Goat So what is the impact going to be of these sanctions being put on Iran? ...we know that Iraq is desperately trying to stay neutral when it comes to Iran. There is significant gains for both countries by being trading partners. They have trading agreements and exporting to Iran can definitely help them through the embargo. But food is not all they want from Iraq. Now more then ever they want the US dollars. So where do these dollars come from? They come from the currency auctions of course and so you can see the need now for a greater push to clean up this side of the corruption and maybe even stop these auctions altogether. [post 1 of 3....stay tuned]
8-12-2018 Newshound Guru Mailman17 THE AMOUNT OF INVESTMENT IN IRAQ HAS NOTHING TO DO WITH THE VALUE RAISING. THEY ARE NOT GONNA START AT 1190, WITH THE PREMISE THAT LOWER DENOMS WILL COME OUT AS NEEDED. IF THAT WERE THE CASE NO ONE INSIDE IRAQ WOULD TRADE THEIR DINAR IN OR PUT IT IN BANKS OR INVEST IN THE ISX LET ALONE US AT HOME. A FLOAT IS IN NO WAY AN OPTION ESPECIALLY WITH ITS EFFECT ON SHARES IN THE ISX. INVESTMENT WILL COME WHEN THE DINAR COMES OUT AT A STABLE RATE LIKE 1-1 AS PROMISED BY SHABBIBI AND THEN A MANAGED FLOAT TO MAINTAIN INFLATION. ITS COMING. THEY HAVE TIPPED THEIR HAND WITH TOO MUCH INFO COMING FROM THE CBI. A FLOAT FROM 1190 IS NOT AN OPTION. JMHO
8-12-2018 Intel Guru Delta BECAUSE OF IRAN SITUATION THE DEMAND FOR $$ WILL INCREASE IN IRAQ AND THAT MIGHT CAUSE MORE THAN 2%... THAT'S WHY CBI HAVE TO MOVE VERY FAST ASAP...
8-12-2018 Newshound Guru Kaperoni [reference Guru Kaperoni post 8-11-2018] The announcement of...now offering immediate cash exchange is is not that much different from their normal policy other than the fact that you're getting cash immediately which eliminates corruption or trickery or scamming...they are now positioning themselves to become a player...What I mean by that is that they are announcing of sorts that they want to be a 'facilitator' and by offering on the spot cash they are removing the potential for scamming. I had stated several years ago when people ask me about cash out not to worry and that we will deal with it when it becomes relevant. So this is good news for us as dinar holders...it is still up to Iraq to transition to Article VIII and engage their banking system with the world financial system allowing the currency to appreciate.
8-12-2018 Newshound/Intel Guru Mnt Goat Article: "Iraqi Prime Minister Haider al-Abadi’s comments that his country would abide by US sanctions has taken Iranian media by surprise." Quote: "As a matter of principle, we are against sanctions in the region," Abadi said at a press conference Aug. 8. "Blockade and sanctions destroy societies and weaken regimes." He added that they are a "strategic mistake" but that Iraq "will abide by them." ...of course Abadi has to comply with the US request for these sanctions if he wants to be prime minister again. This is NOT such a bad thing...just so you know… This is all going to get real sticky and Iran will try anything to get the CBI funds. They are going to get real desperate with their neighbors. [post 3 of 3]
8-12-2018 Newshound/Intel Guru Mnt Goat Yes, they are under great pressure to get rid of the Iranian influence in the political process more than ever. If they do not clean this up, it is only going to get real bad for Iraq once these sanctions kick in fully during November. ...much of this delay in getting the government formed is due to the efforts to clean out the corrupt politicians and Iranian influence... ...any corrupt Iranians in the Iraqi political process would play the same old games with the wealth from the CBI. They would use legitimate reconstruction contracts that never get completed and funds taken, fake banks, illegal banking loans to take funds out of the CBI reserves to give to the Iranian to help them through these sanctions, which are going to be the MOST severe yet placed on them come November. [post 2 of 3....stay tuned]
8-12-2018 Newshound/Intel Guru Mnt Goat So what is the impact going to be of these sanctions being put on Iran? ...we know that Iraq is desperately trying to stay neutral when it comes to Iran. There is significant gains for both countries by being trading partners. They have trading agreements and exporting to Iran can definitely help them through the embargo. But food is not all they want from Iraq. Now more then ever they want the US dollars. So where do these dollars come from? They come from the currency auctions of course and so you can see the need now for a greater push to clean up this side of the corruption and maybe even stop these auctions altogether. [post 1 of 3....stay tuned]
8-12-2018 Newshound Guru Mailman17 THE AMOUNT OF INVESTMENT IN IRAQ HAS NOTHING TO DO WITH THE VALUE RAISING. THEY ARE NOT GONNA START AT 1190, WITH THE PREMISE THAT LOWER DENOMS WILL COME OUT AS NEEDED. IF THAT WERE THE CASE NO ONE INSIDE IRAQ WOULD TRADE THEIR DINAR IN OR PUT IT IN BANKS OR INVEST IN THE ISX LET ALONE US AT HOME. A FLOAT IS IN NO WAY AN OPTION ESPECIALLY WITH ITS EFFECT ON SHARES IN THE ISX. INVESTMENT WILL COME WHEN THE DINAR COMES OUT AT A STABLE RATE LIKE 1-1 AS PROMISED BY SHABBIBI AND THEN A MANAGED FLOAT TO MAINTAIN INFLATION. ITS COMING. THEY HAVE TIPPED THEIR HAND WITH TOO MUCH INFO COMING FROM THE CBI. A FLOAT FROM 1190 IS NOT AN OPTION. JMHO
8-12-2018 Intel Guru Delta BECAUSE OF IRAN SITUATION THE DEMAND FOR $$ WILL INCREASE IN IRAQ AND THAT MIGHT CAUSE MORE THAN 2%... THAT'S WHY CBI HAVE TO MOVE VERY FAST ASAP...
8-13-2018 *** Dinar Guru News Update *** Intel and Newshound Gurus are reporting the Spring election recount has been COMPLETED with very minor changes in results. This means forming the government can get back on track. First thing we'll see is the election results being ratified. Followed by the first session of the new parliament. From there the new government will be formed...stay tuned as the gurus chime in on this very significant development. The latest guru posts will continue below...
8-11-2018 Newshound/Intel Guru Mnt Goat Could this election saga finally be coming to an end? Its only 3 weeks from September. Will they try to drag this out until then? And even when they do finally announce the new parliament and prime minister then what? Will the CBI pull the trigger on the reinstatement of the dinar? Is the reinstatement already being slowly rolled out behind our backs? We see ISX going international already. Yes, there is a process to this SLOW rollout and DR Shabibi himself told us this is NOT going to be a sudden triggered event...but a very slow process. He said it would take months to complete. Will the CBI complete the “project to delete the zeros”? This is what is going to bring us a significant change in the value of the dinar. Will the CBI finally launch the lower category notes? We know when they do this there will have to be some adjustment to the rate of the dinar to coincide.
8-11-2018 Newshound Guru sandyf Only dinarland would make an issue out of the word "SPECIMEN", wouldn't cross their mind that it may have something to do with standards on the reproduction of banknote images. Quotes: "Every country has legal restrictions on the reproduction of banknote images. The counterfeiting of currency is a crime, and while restrictions vary from country to country, in some countries, any reproduction of banknote images – even for artistic or advertising uses – is strictly forbidden. Even in countries that allow some limited use of banknote images, there are specific rules and requirements..." "...Reproductions shall be depicted proportionally and the image shall be larger or smaller than a genuine banknote. Reproductions shall contain the word "SPECIMEN" in bold lettering diagonally across the image."
8-11-2018 Newshound Guru Kaperoni Very interesting announcement today from currency dealer...they now or [are] allowing customers to exchange dinar for cash USD on the spot and all locations.
8-11-2018 Newshound Guru Breitling [2] …Iraq just watching the markets. If they go below a certain price per barrel…again I don’t know exactly what that price per barrel is…but it’s in the low 60’s the high 50’s and they start to sweat…it’s not good. They can maintain but they don’t want to maintain. They’re like everyone else, they want an insurance policy. In fact they want to go beyond an insurance policy and they want the success to be endless. That’s what’s going on, so you have Iraq with the market pressure and now you have the pressure coming from Iran. And it’s heavy, huge and real. That’s what they talked about. That’s what’s going on. So that’s the report I got from Iraq. [Post 2 of 2]
8-11-2018 Newshound Guru Breitling …This all does tie with Iraq…one of the things is Iran…we were not too sure if Europe was going to participate with the United States in the sanctions against Iran. That puts pressure on Iran financially. Well guess what? That puts pressure on Iraq financially. Because now Iran is going to depend on Iraq even more…this is a big plus for us. [Post 1 of 2]
8-11-2018 Newshound Guru Kaperoni ...Iraq would be just fine if they were in Article VIII with an 1190 valued currency. Yes we all know it deserves to be higher...many experts believe it is extremely undervalued. But that is what floating a currency is all about allowing market forces to dictate a country's exchange rate. So we will all find out if the Balassa Samuelson effect is in play and large amounts of capital come into Iraq to rebuild and investors around the world believe that the currency is undervalued. [post 2 of 2]
8-11-2018 Newshound Guru Kaperoni ...the dinar cannot be international at 1190 $1...Sure it can and it will! At least start there...for how long it stays there I have no answer but it'll rise based on supply and demand and economic principles...people...are going to be extremely disappointed when the CBI moves from fixed to float and the exchange rate is 1190. The value of the Iraqi dinar will be directly related to the amount of investment that flows into the CBI's capital account, that economic pressure will create inflation which the CBI will raise the value to counter...the rate is 1190 until the CBI decides to change it.
I do expect it to rise fairly quickly over a 6 months to a year. But again that'll be directly related to the amount of investment that comes in to participate in the reconstruction of Iraq. [post 1 of 2....stay tuned]
8-11-2018 Intel Guru Delta ...IT LOOKS LIKE THE CBI ADDED...ONE MORE THING TO THE NOTES... https://cbi.iq/page/89 [...is it the specimen number...lower left hand corner of the bills?] WE HAVE A WINNER ...WAS NOT THERE BEFORE ...YES MORE CONFIRMATION THAT THEY ARE INTERNATIONAL... [What is the significance of that Delta...?] ...SEE WHEN YOU GO TO THE BANK AND EXCHANGE IRAQI DINARS THE BANK WILL HAVE A SAMPLE FROM CBI TO VERIFY THE CURRENCY AND EACH NOTE HAS A TRACKING NUMBERS....MEANING THE CBI IS ABOUT TO GO INTERNATIONAL WITH IQD...IF IT'S IN PRINT ...IT'S DONE...
8-11-2018 Newshound Guru sandyf Only dinarland would make an issue out of the word "SPECIMEN", wouldn't cross their mind that it may have something to do with standards on the reproduction of banknote images. Quotes: "Every country has legal restrictions on the reproduction of banknote images. The counterfeiting of currency is a crime, and while restrictions vary from country to country, in some countries, any reproduction of banknote images – even for artistic or advertising uses – is strictly forbidden. Even in countries that allow some limited use of banknote images, there are specific rules and requirements..." "...Reproductions shall be depicted proportionally and the image shall be larger or smaller than a genuine banknote. Reproductions shall contain the word "SPECIMEN" in bold lettering diagonally across the image."
8-11-2018 Newshound Guru Kaperoni Very interesting announcement today from currency dealer...they now or [are] allowing customers to exchange dinar for cash USD on the spot and all locations.
8-11-2018 Newshound Guru Breitling [2] …Iraq just watching the markets. If they go below a certain price per barrel…again I don’t know exactly what that price per barrel is…but it’s in the low 60’s the high 50’s and they start to sweat…it’s not good. They can maintain but they don’t want to maintain. They’re like everyone else, they want an insurance policy. In fact they want to go beyond an insurance policy and they want the success to be endless. That’s what’s going on, so you have Iraq with the market pressure and now you have the pressure coming from Iran. And it’s heavy, huge and real. That’s what they talked about. That’s what’s going on. So that’s the report I got from Iraq. [Post 2 of 2]
8-11-2018 Newshound Guru Breitling …This all does tie with Iraq…one of the things is Iran…we were not too sure if Europe was going to participate with the United States in the sanctions against Iran. That puts pressure on Iran financially. Well guess what? That puts pressure on Iraq financially. Because now Iran is going to depend on Iraq even more…this is a big plus for us. [Post 1 of 2]
8-11-2018 Newshound Guru Kaperoni ...Iraq would be just fine if they were in Article VIII with an 1190 valued currency. Yes we all know it deserves to be higher...many experts believe it is extremely undervalued. But that is what floating a currency is all about allowing market forces to dictate a country's exchange rate. So we will all find out if the Balassa Samuelson effect is in play and large amounts of capital come into Iraq to rebuild and investors around the world believe that the currency is undervalued. [post 2 of 2]
8-11-2018 Newshound Guru Kaperoni ...the dinar cannot be international at 1190 $1...Sure it can and it will! At least start there...for how long it stays there I have no answer but it'll rise based on supply and demand and economic principles...people...are going to be extremely disappointed when the CBI moves from fixed to float and the exchange rate is 1190. The value of the Iraqi dinar will be directly related to the amount of investment that flows into the CBI's capital account, that economic pressure will create inflation which the CBI will raise the value to counter...the rate is 1190 until the CBI decides to change it.
I do expect it to rise fairly quickly over a 6 months to a year. But again that'll be directly related to the amount of investment that comes in to participate in the reconstruction of Iraq. [post 1 of 2....stay tuned]
8-11-2018 Intel Guru Delta ...IT LOOKS LIKE THE CBI ADDED...ONE MORE THING TO THE NOTES... https://cbi.iq/page/89 [...is it the specimen number...lower left hand corner of the bills?] WE HAVE A WINNER ...WAS NOT THERE BEFORE ...YES MORE CONFIRMATION THAT THEY ARE INTERNATIONAL... [What is the significance of that Delta...?] ...SEE WHEN YOU GO TO THE BANK AND EXCHANGE IRAQI DINARS THE BANK WILL HAVE A SAMPLE FROM CBI TO VERIFY THE CURRENCY AND EACH NOTE HAS A TRACKING NUMBERS....MEANING THE CBI IS ABOUT TO GO INTERNATIONAL WITH IQD...IF IT'S IN PRINT ...IT'S DONE...
8-10-2018 Newshound Guru Adam Montana [The process of forming the next government is particularly important, as it will undertake the reconstruction of what was destroyed by a three-year war (2014-2017) between government forces.] I agree with this one completely - the formation of this government IS "particularly important", for Iraq to continue moving forward. I believe they are going to get it right this time, and the future looks bright for them.
8-10-2018 Newshound/Intel Guru Mnt Goat Folks there is no SOLID proof to make anyone to think that this RV could happen now or even be delayed until September. In fact, there is actually more evidence that looks like this may be delayed until early September which by the way is only 3 weeks away. I do not believe this will go into 2019, as many are asking me. But can I prove it? I can only go with what the CBI has told us in the recent past.
8-10-2018 Newshound Breitling Question: [Someone close to me…has stated that the CBI has released articles stating that Iraq is in the process of lopping the currency. Apparently this is all part of the delete the zeros project…] …If you take the zeros off the notes it’s gong to have the same price just like it did in Turkey. So what’s the difference between the Iraqi dinar and what’s going on with that? They control the money supply by the actual amount of dinar that’s out there... I’m trying to be very very nice here. She doesn’t know what she’s talking about. But here’s the thing…any investment you don’t feel comfortable with get out...Again, You want proof? The 50 dinar note. It was absolutely worthless…there was nothing you could buy…so they got rid of it. They were trying to lower the note count anyways. So it’s a physical note count process they are talking about.
8-10-2018 Intel Guru RayRen98 Iraqi TV is announcing the expectation of a newly formed and seated government by the EID holiday, August 21, 2018. IT HAS BEEN REPORTED TO ME THAT "RELEASE FOR ALL CURRENCIES HAS BEEN AUTHORIZED" ....TIME WILL TELL...
8-10-2018 Intel Guru Delta [via Linda] ...BEHIND CLOSED DOORS THEY DO HAVE A RATE AND A DATE.. BUT THEY ARE JUST NOT READY TO SHOW US YET…FOR THE EU TO GIVE THE BROKERAGE A PERFORMANCE GRADE IS REALLY VERY HUGE...THE BROKERAGE IS INTERNATIONALLY STANDARD BASED ON THE EU...IRAQI STOCK EXCHANGE IS BEING RECOGNIZED AS THIS THEY ARE GETTING READY... HOOKING UP ALL THE SYSTEMS...SO THEY ARE READY...THEY CAN GO LIVE ...THE ONLY THING WE ARE WAITING FOR NOW IS FOR THE CBI TO RELEASE THE RATE...THEY CAN NOT GO INTERNATIONAL AT 1190…IMF SAID THEY MUST DELETE THE 3 ZERO’S FIRST… AT A MIN THEY MUST BE 1:1 SO .86...
8-10-2018 Newshound/Intel Guru David M. Witty Iraqi High Election Commission announces results of hand recount of 12 May Parliamentary elections. Changes from initial results appear minor. In Iraqi election news, after hand recount of 12 May Parliamentary elections, Sadr's Sairoon maintains 54 seats, PMF's Fatah now at 48 seats, & PM Abadi's Nasr with 42 seats.
8-10-2018 Newshound Guru Kaperoni Any country that is in Article XIV can notify the IMF of their desire to avail to Article VIII but if they continue to have restrictions that are not compliant with Article VIII they will not be accepted. [It makes sense that the IMF should expect them to move forward since the IMF and other countries have so much time, money and energy invested in them or any country in development.] Yes, that is why I believe the IMF will hold an Article IV Consultation with Iraq and during that consultation will encourage them to move forward now. [post 2 of 2]
8-10-2018 Newshound Guru Kaperoni ...the IMF states that countries are supposed to constantly be striving for Article VIII acceptance...in other words they're not supposed to be complacent with being an Article XIV. IMF is not going to accept a country such as Iraq or any other country into Article VIII if they haven't met the conditions for compliance especially if it's been documented in the Article IV Consultation. ...There are no exceptions to meeting compliance... Article XIV is known as "transitional arrangement" and members must strive for Article VIII ...And finally it is not advantageous for Iraq to sit in Article XIV especially since it's been stated numerous times in the Article IV Consultations that moving to Article VIII will send a positive message to the global investment community... [post 1 of 2....stay tuned]
8-10-2018 Newshound Guru Walkingstick [Why would they add specimen to notes that are already in existence?] [One Day After The United Nations Security Council meeting yesterday. Hmmmm.] https://cbi.iq/page/89 ...Unknown, could be, a number of reasons ... Perhaps, the photos and description/s of notes on the CBI site will be used as an aid/s...Normally a small run of banknotes designated with the word (specimen) are distributed to foreign exchanges and Central banks, as an aid in recognizing currency from a different country, and... used as an aid in detecting counterfeit currency...Or, a means of preventing the use of depicted notes from being copied for reasons other than their intended use...
8-10-2018 Newshound/Intel Guru Mnt Goat Folks there is no SOLID proof to make anyone to think that this RV could happen now or even be delayed until September. In fact, there is actually more evidence that looks like this may be delayed until early September which by the way is only 3 weeks away. I do not believe this will go into 2019, as many are asking me. But can I prove it? I can only go with what the CBI has told us in the recent past.
8-10-2018 Newshound Breitling Question: [Someone close to me…has stated that the CBI has released articles stating that Iraq is in the process of lopping the currency. Apparently this is all part of the delete the zeros project…] …If you take the zeros off the notes it’s gong to have the same price just like it did in Turkey. So what’s the difference between the Iraqi dinar and what’s going on with that? They control the money supply by the actual amount of dinar that’s out there... I’m trying to be very very nice here. She doesn’t know what she’s talking about. But here’s the thing…any investment you don’t feel comfortable with get out...Again, You want proof? The 50 dinar note. It was absolutely worthless…there was nothing you could buy…so they got rid of it. They were trying to lower the note count anyways. So it’s a physical note count process they are talking about.
8-10-2018 Intel Guru RayRen98 Iraqi TV is announcing the expectation of a newly formed and seated government by the EID holiday, August 21, 2018. IT HAS BEEN REPORTED TO ME THAT "RELEASE FOR ALL CURRENCIES HAS BEEN AUTHORIZED" ....TIME WILL TELL...
8-10-2018 Intel Guru Delta [via Linda] ...BEHIND CLOSED DOORS THEY DO HAVE A RATE AND A DATE.. BUT THEY ARE JUST NOT READY TO SHOW US YET…FOR THE EU TO GIVE THE BROKERAGE A PERFORMANCE GRADE IS REALLY VERY HUGE...THE BROKERAGE IS INTERNATIONALLY STANDARD BASED ON THE EU...IRAQI STOCK EXCHANGE IS BEING RECOGNIZED AS THIS THEY ARE GETTING READY... HOOKING UP ALL THE SYSTEMS...SO THEY ARE READY...THEY CAN GO LIVE ...THE ONLY THING WE ARE WAITING FOR NOW IS FOR THE CBI TO RELEASE THE RATE...THEY CAN NOT GO INTERNATIONAL AT 1190…IMF SAID THEY MUST DELETE THE 3 ZERO’S FIRST… AT A MIN THEY MUST BE 1:1 SO .86...
8-10-2018 Newshound/Intel Guru David M. Witty Iraqi High Election Commission announces results of hand recount of 12 May Parliamentary elections. Changes from initial results appear minor. In Iraqi election news, after hand recount of 12 May Parliamentary elections, Sadr's Sairoon maintains 54 seats, PMF's Fatah now at 48 seats, & PM Abadi's Nasr with 42 seats.
8-10-2018 Newshound Guru Kaperoni Any country that is in Article XIV can notify the IMF of their desire to avail to Article VIII but if they continue to have restrictions that are not compliant with Article VIII they will not be accepted. [It makes sense that the IMF should expect them to move forward since the IMF and other countries have so much time, money and energy invested in them or any country in development.] Yes, that is why I believe the IMF will hold an Article IV Consultation with Iraq and during that consultation will encourage them to move forward now. [post 2 of 2]
8-10-2018 Newshound Guru Kaperoni ...the IMF states that countries are supposed to constantly be striving for Article VIII acceptance...in other words they're not supposed to be complacent with being an Article XIV. IMF is not going to accept a country such as Iraq or any other country into Article VIII if they haven't met the conditions for compliance especially if it's been documented in the Article IV Consultation. ...There are no exceptions to meeting compliance... Article XIV is known as "transitional arrangement" and members must strive for Article VIII ...And finally it is not advantageous for Iraq to sit in Article XIV especially since it's been stated numerous times in the Article IV Consultations that moving to Article VIII will send a positive message to the global investment community... [post 1 of 2....stay tuned]
8-10-2018 Newshound Guru Walkingstick [Why would they add specimen to notes that are already in existence?] [One Day After The United Nations Security Council meeting yesterday. Hmmmm.] https://cbi.iq/page/89 ...Unknown, could be, a number of reasons ... Perhaps, the photos and description/s of notes on the CBI site will be used as an aid/s...Normally a small run of banknotes designated with the word (specimen) are distributed to foreign exchanges and Central banks, as an aid in recognizing currency from a different country, and... used as an aid in detecting counterfeit currency...Or, a means of preventing the use of depicted notes from being copied for reasons other than their intended use...
8-9-2018 Intel Guru Frank26 [via Linda] ...CBI MADE ANNOUNCEMENT THAT THEY ARE GOING TO TAKE ISX GLOBAL. ...THE IRAQI DINAR HAS BEEN TRADED FOR MANY YEARS ON THE PRIVATE SIDE...NOW WE KNOW THEY WILL BE TRADING ON A PUBLIC SIDE...THE 3 LETTER AGENCY’S GAVE THE THEM THE TOOLS TO GO INTO INTERNATIONAL WATER...ARE THEY TRADING THE IQD INTERNATIONALLY AT A PROGRAM RATE...NO...IT WILL DESTROY THE COUNTRY IF THEY DID...WHAT IS IMPORTANT IS THE CBI IS TELLING YOU SO MUCH ABOUT THERE POSITIONING OF THEIR CURRENCY & THE IRAQI STOCK EXCHANGE...WE LOVE IT...BECAUSE ONCE THEY GO GLOBAL WITH A NEW RATE...IT WILL BE HERE AND FAST...THE ONLY WAY THEY ENTER THIS IS AT A NEW RATE, NOT A PROGRAM RATE...THEY READY TO GO INTERNATIONAL AT ANY MOMENT...EVERYTHING IS DONE...THEY ARE READY TO LAUNCH THE IQD.
8-9-2018 Intel Guru RayRen98 ELECTION RESULTS AND CHANGES ARE BEING ANNOUNCED ON IRAQI TV NOW. IRAQ HAS IMPLEMENTED ALL 44 RECOMMENDATIONS COMING FROM THE INTERNATIONAL FINANCIAL ACTION ORGANIZATION MAKING THEM THE 4TH IN LINE FOR THE BEST FOREIGN RESERVE CURRENCY.
8-9-2018 Intel Guru Delta CBI JUST ADDED THE WORD SPECIMEN ON ALL THE NOTE...VERY INTERESTING https://cbi.iq/page/89 [Why would they add specimen to notes that are already in existence?] [One Day After The United Nations Security Council meeting yesterday. Hmmmm.] IMO...CBI IS GETTING READY TO INTRODUCE NEW LDS...
8-9-2018 Newshound/Intel Guru David M. Witty Iraqi PM's Office says over 5000 high ranking government officials have been investigated for corruption during the time of PM Abadi's government. Yesterday, the names of more corrupt officials were passed to Integrity Commission.
8-9-2018 Intel Guru Frank26 [Since Iraq is following the Turkmenistan model, do you think they will also revalue their currency January 1...] ...DO NOT KNOW WHEN THEY WILL RI ...BUT: KNOW THEY ARE...AT AN ACCELERATED
PACE!!! ...IMO...
8-9-2018 Newshound/Intel Guru Mnt Goat ...This is about the rumor that is out about Iraqi dinar going global. This rumor started from an article on the ISX. ...There is no question that that the ISX did go global and this was effective on Wednesday Aug 1st. ...they already told us months ago that they planned to do this...The part of this article that really got the... rumors flowing was the list of rates of the currencies and their exchange equivalents to buy into the ISX. The ISX DOES NOT TRADE currencies. ...So this is not a revaluation or a reinstatement announcement of the Iraqi dinar. This article is showing us that Iraq is exposing their ISX to the world and that they are now finally drawing foreign investors to Iraq. This will slowly expose the Iraqi economy to the rest of the world. This is the FIRST time we have seen Iraq publicly show their rates of the currency to the world. It is like telling the world “here is our currency, it is viable, no more restrictions”. This is all VERY good news and now we have to just let the process take place. Let’s wait for the articles on the “project to delete the zeros”.
8-9-2018 Newshound Guru Breitling …A lot of people sent this to me…[There’s more reports of the currency being 1 to 1 more specifically $20 or $22 dollars per IQD.] Well that’s not going to happen. Ever. It’s not going to go to $20…where do these articles come from? It’s the same type of article that’s been coming out since 2008. It means nothing. If you don’t see the exchange rate at the CBI then it does not exist…For some reason I got bombarded with that email. [NOTE: You can always see the latest CBI reported official dinar rate and market rate list on the left side of this page.]
8-9-2018 Newshound Guru Adam Montana [...I forget who had the lead the RV, the RD, or the lop LOL] "Lop"... that's actually a word I haven't ran across in a while! I don't see any significant chance of a lop. My opinion and my expectation is that at a point in the near future, we are going to realize a gain on the dinar.
8-9-2018 Intel Guru Delta Quote: "Performance of the brokerage firms...for the month July 2018 in accordance with the criteria of theEUROPIAN UNION-Asian stock exchanges…" ...ISX BROKERAGE LIVE INTERNATIONAL... SINCE JULY..."
8-9-2018 Intel Guru RayRen98 ELECTION RESULTS AND CHANGES ARE BEING ANNOUNCED ON IRAQI TV NOW. IRAQ HAS IMPLEMENTED ALL 44 RECOMMENDATIONS COMING FROM THE INTERNATIONAL FINANCIAL ACTION ORGANIZATION MAKING THEM THE 4TH IN LINE FOR THE BEST FOREIGN RESERVE CURRENCY.
8-9-2018 Intel Guru Delta CBI JUST ADDED THE WORD SPECIMEN ON ALL THE NOTE...VERY INTERESTING https://cbi.iq/page/89 [Why would they add specimen to notes that are already in existence?] [One Day After The United Nations Security Council meeting yesterday. Hmmmm.] IMO...CBI IS GETTING READY TO INTRODUCE NEW LDS...
8-9-2018 Newshound/Intel Guru David M. Witty Iraqi PM's Office says over 5000 high ranking government officials have been investigated for corruption during the time of PM Abadi's government. Yesterday, the names of more corrupt officials were passed to Integrity Commission.
8-9-2018 Intel Guru Frank26 [Since Iraq is following the Turkmenistan model, do you think they will also revalue their currency January 1...] ...DO NOT KNOW WHEN THEY WILL RI ...BUT: KNOW THEY ARE...AT AN ACCELERATED
PACE!!! ...IMO...
8-9-2018 Newshound/Intel Guru Mnt Goat ...This is about the rumor that is out about Iraqi dinar going global. This rumor started from an article on the ISX. ...There is no question that that the ISX did go global and this was effective on Wednesday Aug 1st. ...they already told us months ago that they planned to do this...The part of this article that really got the... rumors flowing was the list of rates of the currencies and their exchange equivalents to buy into the ISX. The ISX DOES NOT TRADE currencies. ...So this is not a revaluation or a reinstatement announcement of the Iraqi dinar. This article is showing us that Iraq is exposing their ISX to the world and that they are now finally drawing foreign investors to Iraq. This will slowly expose the Iraqi economy to the rest of the world. This is the FIRST time we have seen Iraq publicly show their rates of the currency to the world. It is like telling the world “here is our currency, it is viable, no more restrictions”. This is all VERY good news and now we have to just let the process take place. Let’s wait for the articles on the “project to delete the zeros”.
8-9-2018 Newshound Guru Breitling …A lot of people sent this to me…[There’s more reports of the currency being 1 to 1 more specifically $20 or $22 dollars per IQD.] Well that’s not going to happen. Ever. It’s not going to go to $20…where do these articles come from? It’s the same type of article that’s been coming out since 2008. It means nothing. If you don’t see the exchange rate at the CBI then it does not exist…For some reason I got bombarded with that email. [NOTE: You can always see the latest CBI reported official dinar rate and market rate list on the left side of this page.]
8-9-2018 Newshound Guru Adam Montana [...I forget who had the lead the RV, the RD, or the lop LOL] "Lop"... that's actually a word I haven't ran across in a while! I don't see any significant chance of a lop. My opinion and my expectation is that at a point in the near future, we are going to realize a gain on the dinar.
8-9-2018 Intel Guru Delta Quote: "Performance of the brokerage firms...for the month July 2018 in accordance with the criteria of theEUROPIAN UNION-Asian stock exchanges…" ...ISX BROKERAGE LIVE INTERNATIONAL... SINCE JULY..."
8-8-2018 Newshound Guru Adam Montana Here is the best news I can share: Nothing seems out of place in the process. News is consistent and "as expected". And the best of the best... this is temporary. That's right - there is an end in sight.
8-8-2018 Intel Guru RayRen98 We had new developments with the bank list. Some have changed their position and now have the currency available when they said they did not and would not. The one saying "No" is now saying "Yes"...
8-8-2018 Newshound/Intel Guru David M. Witty Main Iraqi election winner Sadr's Sairoon Coalition: in the new government, we are not distributing positions based on how many parliament seats each party won as was done in the past. The next PM may come from a very small party with few seats.
8-8-2018 Newshound/Intel Guru Mnt Goat Third, so this brings us to the question then how do all these online internet brokers get the dinar? They have special arrangements through the US Treasury and the CBI to purchase large volumes of the dinar. They are allowing this under presidential executive order 13303. ...So we are not profiteering off the disaster of the war but official investors in Iraq. This is what allows us to have this currency in our hands...The banks now too have come online and are also selling the dinar once again...We are NOT just waiting for the rate to go up but instead waiting for the dinar to get reinstated on the global trading platforms as a legitimate tradable currency once again. When this happens they will adjust the rate based on the new peg to the new SDR basket. Yes, it could initially be assigned a new rate of $3.00+ and float higher quickly. Here is the important part – IN DEMAND! [post 3 of 3]
8-8-2018 Newshound/Intel Guru Mnt Goat ...This closed economy means they take the revenue from the oil in US dollars. Then the merchants take their dinar go to the currency auctions and exchange dinar for these US dollars. They then can trade with the outside world using the US dollars only. This was part of the Chapter VII conditions. Mainly they put this provision in because they downgraded the dinar so much and shut it off on the global exchanges it was almost worthless to the outside world. ...So yes the dinar was not supposed to leave the country of Iraq. The CBI currency auctions sell US dollars not dinar. [post 2 of 3....stay tuned]
8-8-2018 Newshound/Intel Guru Mnt Goat [...A few years ago you stated that the currency most of us have in the USA had come across Iraq's border semi-illegal? I don't remember the exact term you used. What are the chances that Iraq rejects our currency because we were never suppose to have it...] First I never said that the currency of Iraq that you hold has come across the boarder semi-illegally. Second, I did say that the 3 zero notes were meant to stay within Iraq and for the exclusive use of the “closed” economy of Iraq while in financial sanctions under Chapter VII. [post 1 of 3....stay tuned]
8-8-2018 Intel Guru Bruce ...8/8/2018. Is that an important number to the Chinese? Is it an important number to Iraq? Yes and Yes. Could it be an important date for us? Yes. It should be an important date for us. ...Everything is done and everything is rolling out. ...We are at a time things are being accomplished around the globe. Things are happening...such as the ISX did open on Sunday, and we have proof of that from people we are connected to that were trading on it in Europe, and we know what they were trading, exchanging, and working with it. So it is up...You had to have an international trading platform to do it... I really believe that tomorrow [Wednesday, 8-8-18] is going to be a big day. All I can tell you guys are rates are populating...Rates are going to be fantastic. ...I really believe that this is right before the end. We should be receiving something shortly...
8-8-2018 Newshound Guru Currency365 Article: "Mastercard’s MoU With Central Bank of Iraq Signals Bright Future for the Country’s Emerging Digital Payments Ecosystem" Mastercard, a leading technology company in the global payments industry, recently signed a Memorandum of Understanding (MoU) with the Central Bank of Iraq (CBI), aimed at accelerating the development of a strong payments ecosystem in the country."
8-8-2018 Newshound Guru chattels I think of a life without the dinar and a life with the dinar. How different they might be one from the other. And then the prospect of success with the dinar seeps in and there is ideation of unbounded possibilities. The stuff that dreams are made of.
8-8-2018 Intel Guru RayRen98 We had new developments with the bank list. Some have changed their position and now have the currency available when they said they did not and would not. The one saying "No" is now saying "Yes"...
8-8-2018 Newshound/Intel Guru David M. Witty Main Iraqi election winner Sadr's Sairoon Coalition: in the new government, we are not distributing positions based on how many parliament seats each party won as was done in the past. The next PM may come from a very small party with few seats.
8-8-2018 Newshound/Intel Guru Mnt Goat Third, so this brings us to the question then how do all these online internet brokers get the dinar? They have special arrangements through the US Treasury and the CBI to purchase large volumes of the dinar. They are allowing this under presidential executive order 13303. ...So we are not profiteering off the disaster of the war but official investors in Iraq. This is what allows us to have this currency in our hands...The banks now too have come online and are also selling the dinar once again...We are NOT just waiting for the rate to go up but instead waiting for the dinar to get reinstated on the global trading platforms as a legitimate tradable currency once again. When this happens they will adjust the rate based on the new peg to the new SDR basket. Yes, it could initially be assigned a new rate of $3.00+ and float higher quickly. Here is the important part – IN DEMAND! [post 3 of 3]
8-8-2018 Newshound/Intel Guru Mnt Goat ...This closed economy means they take the revenue from the oil in US dollars. Then the merchants take their dinar go to the currency auctions and exchange dinar for these US dollars. They then can trade with the outside world using the US dollars only. This was part of the Chapter VII conditions. Mainly they put this provision in because they downgraded the dinar so much and shut it off on the global exchanges it was almost worthless to the outside world. ...So yes the dinar was not supposed to leave the country of Iraq. The CBI currency auctions sell US dollars not dinar. [post 2 of 3....stay tuned]
8-8-2018 Newshound/Intel Guru Mnt Goat [...A few years ago you stated that the currency most of us have in the USA had come across Iraq's border semi-illegal? I don't remember the exact term you used. What are the chances that Iraq rejects our currency because we were never suppose to have it...] First I never said that the currency of Iraq that you hold has come across the boarder semi-illegally. Second, I did say that the 3 zero notes were meant to stay within Iraq and for the exclusive use of the “closed” economy of Iraq while in financial sanctions under Chapter VII. [post 1 of 3....stay tuned]
8-8-2018 Intel Guru Bruce ...8/8/2018. Is that an important number to the Chinese? Is it an important number to Iraq? Yes and Yes. Could it be an important date for us? Yes. It should be an important date for us. ...Everything is done and everything is rolling out. ...We are at a time things are being accomplished around the globe. Things are happening...such as the ISX did open on Sunday, and we have proof of that from people we are connected to that were trading on it in Europe, and we know what they were trading, exchanging, and working with it. So it is up...You had to have an international trading platform to do it... I really believe that tomorrow [Wednesday, 8-8-18] is going to be a big day. All I can tell you guys are rates are populating...Rates are going to be fantastic. ...I really believe that this is right before the end. We should be receiving something shortly...
8-8-2018 Newshound Guru Currency365 Article: "Mastercard’s MoU With Central Bank of Iraq Signals Bright Future for the Country’s Emerging Digital Payments Ecosystem" Mastercard, a leading technology company in the global payments industry, recently signed a Memorandum of Understanding (MoU) with the Central Bank of Iraq (CBI), aimed at accelerating the development of a strong payments ecosystem in the country."
8-8-2018 Newshound Guru chattels I think of a life without the dinar and a life with the dinar. How different they might be one from the other. And then the prospect of success with the dinar seeps in and there is ideation of unbounded possibilities. The stuff that dreams are made of.
8-7-2018 Newshound Guru Kirk H. Sowell [...care to handicap Maliki’s chances of being PM again?] Very close to zero. If Abadi is not reelected, it will not be one of the other leading political figures, but someone independent. The other blocs won't accept a Sadr loyalist, Maliki loyalist, Ameri loyalist, etc.
8-7-2018 Newshound/Intel Guru Mnt Goat But remember moving to Article VIII does not happen overnight. Iraq has been moving in this direction for years now. First you have to meet all the responsibilities as a member nation under Article VIII of the UN Charter as a member nation. Then they elevate you to operate with all the privileges under this section of the UN Charter. The loans we see Iraq now being granted under the SBA is part of these SDR privileges. So why are they not fully in Article VIII already? There is no magic to it and no trigger. No one is going to stand on a stage and hand Iraq a certificate for graduating to Article VIII. We must watch how they perform and opening the ISX up to a global trading platform on Aug 1st was a very good sign moving forward in this direction. [post 2 of 2]
8-7-2018 Newshound/Intel Guru Mnt Goat [...are we looking for Iraq to submit an Article VIII request to the IMF, and does Iraq need to have an Article IV Consultation before we can expect to see an RI/RV?...I was just wondering if these items would tip us off that our quest was getting close...] There is an Article IV consultation coming up in September with the IMF and my gut feeling is that they are stalling these election results until that time period....Why? Maybe the consultation is the answer who knows? But it seems very plausible. I do know the IMF is monitoring the MCP closely and for the first time since 2012 Iraq has met their obligations under the MCP of Article VIII. This qualifies them technically to move to Article VIII. [post 1 of 2....stay tuned]
8-7-2018 Newshound/Intel Guru David M. Witty [New Guru] Expectations that final results of hand recount of Iraqi 12 May parliamentary elections will be announced this week.
8-7-2018 Newshound/Intel Guru Mnt Goat Having said all this I do see signs of 2018 rather than 2019. It doesn’t matter what I THINK but what the CBI and the GOI are telling us. ...I go strictly by what the official entities in Iraq tell me. I don’t care if the US Treasury is telling the banks to “get ready”. This is all foolishness and nonsense. ...Yes, there is coordination going on with exchange centers and banks for the inevitable exchanges that will take place but Iraq must act first and so why not just relax and concentrate on what they do? This is the ONLY sure way to try to figure this out for any kind of timeframe. [post 2 of 2]
8-7-2018 Newshound/Intel Guru Mnt Goat [Do you really think they will reinstate the dinar this year? Looks like it's going to 2019.] Good question and we all want our money now. But the fact is no one controls the reinstatement not even the CBI. The CBI is only the guardian and the instrument that will facilitate and control the process. They must wait until certain conditions apply. They do not run the government. Like I keep saying if you go into this investment thinking you are going to get rich quick, think again. But you will get rich, eventually, if you have enough dinar and are very patient. [post 1 of 2....stay tuned]
8-7-2018 Newshound Guru Kaperoni So the results of the recount are in with no significant changes. It was just all and unnecessary delay...
8-7-2018 Newshound Guru Kirk H. Sowell [New Guru] Abadi's statement that Iraq now needs $75 brent ($67 Iraqi oil) to cover operational costs - I quote it here - is the most significant thing he's said lately. That's a break-even price that doesn't include any CapX, just operational spending to keep the state clunking along.
8-7-2018 Newshound/Intel Guru Mnt Goat But remember moving to Article VIII does not happen overnight. Iraq has been moving in this direction for years now. First you have to meet all the responsibilities as a member nation under Article VIII of the UN Charter as a member nation. Then they elevate you to operate with all the privileges under this section of the UN Charter. The loans we see Iraq now being granted under the SBA is part of these SDR privileges. So why are they not fully in Article VIII already? There is no magic to it and no trigger. No one is going to stand on a stage and hand Iraq a certificate for graduating to Article VIII. We must watch how they perform and opening the ISX up to a global trading platform on Aug 1st was a very good sign moving forward in this direction. [post 2 of 2]
8-7-2018 Newshound/Intel Guru Mnt Goat [...are we looking for Iraq to submit an Article VIII request to the IMF, and does Iraq need to have an Article IV Consultation before we can expect to see an RI/RV?...I was just wondering if these items would tip us off that our quest was getting close...] There is an Article IV consultation coming up in September with the IMF and my gut feeling is that they are stalling these election results until that time period....Why? Maybe the consultation is the answer who knows? But it seems very plausible. I do know the IMF is monitoring the MCP closely and for the first time since 2012 Iraq has met their obligations under the MCP of Article VIII. This qualifies them technically to move to Article VIII. [post 1 of 2....stay tuned]
8-7-2018 Newshound/Intel Guru David M. Witty [New Guru] Expectations that final results of hand recount of Iraqi 12 May parliamentary elections will be announced this week.
8-7-2018 Newshound/Intel Guru Mnt Goat Having said all this I do see signs of 2018 rather than 2019. It doesn’t matter what I THINK but what the CBI and the GOI are telling us. ...I go strictly by what the official entities in Iraq tell me. I don’t care if the US Treasury is telling the banks to “get ready”. This is all foolishness and nonsense. ...Yes, there is coordination going on with exchange centers and banks for the inevitable exchanges that will take place but Iraq must act first and so why not just relax and concentrate on what they do? This is the ONLY sure way to try to figure this out for any kind of timeframe. [post 2 of 2]
8-7-2018 Newshound/Intel Guru Mnt Goat [Do you really think they will reinstate the dinar this year? Looks like it's going to 2019.] Good question and we all want our money now. But the fact is no one controls the reinstatement not even the CBI. The CBI is only the guardian and the instrument that will facilitate and control the process. They must wait until certain conditions apply. They do not run the government. Like I keep saying if you go into this investment thinking you are going to get rich quick, think again. But you will get rich, eventually, if you have enough dinar and are very patient. [post 1 of 2....stay tuned]
8-7-2018 Newshound Guru Kaperoni So the results of the recount are in with no significant changes. It was just all and unnecessary delay...
8-7-2018 Newshound Guru Kirk H. Sowell [New Guru] Abadi's statement that Iraq now needs $75 brent ($67 Iraqi oil) to cover operational costs - I quote it here - is the most significant thing he's said lately. That's a break-even price that doesn't include any CapX, just operational spending to keep the state clunking along.
8-6-2018 Newshound/Intel Guru Mnt Goat Article: "The Iraqi Interior Ministry reported on Friday the arrest of two money laundering bankers and transfer them out of the country." ...this article is amazing. Such a small, seemingly meaningless, tiny article but...It is chock full of goodies for us and the RV. This is what we need to see cleaned up. This is the FRAUD and MANIPULATION of the currency that is needed to be cleaned up for the CBI to pull the trigger on the reinstatement of the currency. They are trying to create the right environment for this to take place. So this is all VERY good news...Meanwhile they stall the formation of the govt as long as they can since they need to complete this cleanup of corruption...this is the reason why we wait.
8-6-2018 Newshound Guru chattels Quote: "Expectations that final results of hand recount of Iraqi 12 May parliamentary elections will be announced this week." ...I wondered aloud which Sunday. Maybe later this week we will have an announcement. I rather expect that if there is an announcement of the recount results this week that it will be next month before there is judicial ratification and a first meeting of Parliament.
8-6-2018 Newshound/Intel Guru Mnt Goat I can assure everyone reading this newsletter today that the Iraqi dinar is NOT trading globally...Relax...We are NOT where we need to be and the dinar is not yet trading on FOREX or any other global currency platform.
8-6-2018 Intel/Newshound Gurus Delta, Walkingstick and Frank26 Article: "The Stock Market Will Launch Early Next Month Electronic Query Service" THIS ARTICLE IS RECYCLED FROM END OF JULY ...SO EARLY NEXT MONTH MEANS EARLY AUGUST... ISX/ESX timing (to attract more foreign investment) possibly... in conjunction, with mention of the custodial bank they seek/sought to guarantee transactions...A PERFECT ENVIRONMENT.
8-6-2018 Guest Guru Currency365 Maliki has no power to form the largest bloc...SADR team won and he is in power to form the largest bloc, if it includes Maliki or not that is up to Sadr. But its funny that Maliki owned newspapers are saying Maliki his forming the largest bloc...
8-6-2018 Newshound/Intel Guru Mnt Goat Article: "AWAY FROM THE PROTESTS .. IRAQIS ARE WAITING TO ACTIVATE THE LAW OF THE NATIONAL OIL COMPANY IN SEPTEMBER" ...this is part of what we need to be implemented to get the reinstatement. ...Do you wonder why they publish this article now? The other piece is Article 140...Is this all coincidental, especially at this point in time while we wait for the elections results to be ratified, which we also know will bring some action by the CBI in the “project to delete the zeros” (but only if these other needed laws are passed and implemented). I am telling everyone that the constitution MUST be fully implemented and not just laws passed but laws enacted. ...Meanwhile the CBI has been working diligently to get all the needed banking and financial reforms in place in preparation for the govt and parliament to catch up to them in getting these laws done...
8-6-2018 Newshound Guru chattels Quote: "Expectations that final results of hand recount of Iraqi 12 May parliamentary elections will be announced this week." ...I wondered aloud which Sunday. Maybe later this week we will have an announcement. I rather expect that if there is an announcement of the recount results this week that it will be next month before there is judicial ratification and a first meeting of Parliament.
8-6-2018 Newshound/Intel Guru Mnt Goat I can assure everyone reading this newsletter today that the Iraqi dinar is NOT trading globally...Relax...We are NOT where we need to be and the dinar is not yet trading on FOREX or any other global currency platform.
8-6-2018 Intel/Newshound Gurus Delta, Walkingstick and Frank26 Article: "The Stock Market Will Launch Early Next Month Electronic Query Service" THIS ARTICLE IS RECYCLED FROM END OF JULY ...SO EARLY NEXT MONTH MEANS EARLY AUGUST... ISX/ESX timing (to attract more foreign investment) possibly... in conjunction, with mention of the custodial bank they seek/sought to guarantee transactions...A PERFECT ENVIRONMENT.
8-6-2018 Guest Guru Currency365 Maliki has no power to form the largest bloc...SADR team won and he is in power to form the largest bloc, if it includes Maliki or not that is up to Sadr. But its funny that Maliki owned newspapers are saying Maliki his forming the largest bloc...
8-6-2018 Newshound/Intel Guru Mnt Goat Article: "AWAY FROM THE PROTESTS .. IRAQIS ARE WAITING TO ACTIVATE THE LAW OF THE NATIONAL OIL COMPANY IN SEPTEMBER" ...this is part of what we need to be implemented to get the reinstatement. ...Do you wonder why they publish this article now? The other piece is Article 140...Is this all coincidental, especially at this point in time while we wait for the elections results to be ratified, which we also know will bring some action by the CBI in the “project to delete the zeros” (but only if these other needed laws are passed and implemented). I am telling everyone that the constitution MUST be fully implemented and not just laws passed but laws enacted. ...Meanwhile the CBI has been working diligently to get all the needed banking and financial reforms in place in preparation for the govt and parliament to catch up to them in getting these laws done...
8-5-2018 Newshound Guru chattels Article: "Manual recount of votes to be finished on Sunday: HEC August 05 2018" I will be surprised if that Sunday is today.
8-5-2018 Intel Guru Delta Article: "COUNCIL OF MINISTERS ARRIVES IN MOSUL TO OPEN A BRANCH OF THE CENTRAL BANK OF IRAQ" [...didn’t a someone say months back that when we see this article, it will represent a readiness to what we’re looking forward to. Strategically needed for citizens. IMO.] YES...
8-5-2018 Intel Guru RayRen98 I was supposed to tell you on Friday that the recount has been completed. I will tell you that a formal announcement is scheduled for tomorrow...
8-5-2018 Guest Guru Currency365 Is the dinar international cause everyone is saying it is now? ...if you can buy it outside of iraq then its international what we are waiting for is "INTERNATIONAL ACCEPTED" meaning it has true value and banks have agreed to accept it and exchange it...
8-5-2018 Newshound Guru chattels Article: "Five parties agree on the formation of the largest bloc and these are the ministries distributed among them" There are and will be many news articles talking about political alliances and it is difficult to determine which has merit, but I read the foregoing article with some interest. Interesting because it saves face for all the main players and is consistent with prior Iraqi politics where the main vote getter is excluded from the office of the PM. Even though Sadr is not a candidate himself for the post of PM. Sadr is a problem for all and may be more comfortable in opposition anyway. What is most interesting is that such an alliance excludes none of the several candidates for PM, to wit, Ameri, Abadi, or Maliki etc. Who would the PM be in such an alliance? Stay tuned. This is going to be very interesting.
8-5-2018 Newshound/Intel Guru Mnt Goat More news on the last part of HCL to be implemented. The protestors are putting pressure on the govt to implement this now. We are told in Sept. The law was passed in April and was scheduled for implementation in Sept. But they want it now. Also recent news that Kurdistan agreed to join up with the Sadr Movement in Sadr’s alliance if Article 140 referendum get passed and implemented in the next session of parliament. They are not saying in the next term or year or months. They are stressing in the next session when parliament comes back in session. Is this enough to satisfy what is considered the implementation of the constitutional article? I think perhaps it may be enough
8-5-2018 Intel Guru Delta Article: "COUNCIL OF MINISTERS ARRIVES IN MOSUL TO OPEN A BRANCH OF THE CENTRAL BANK OF IRAQ" [...didn’t a someone say months back that when we see this article, it will represent a readiness to what we’re looking forward to. Strategically needed for citizens. IMO.] YES...
8-5-2018 Intel Guru RayRen98 I was supposed to tell you on Friday that the recount has been completed. I will tell you that a formal announcement is scheduled for tomorrow...
8-5-2018 Guest Guru Currency365 Is the dinar international cause everyone is saying it is now? ...if you can buy it outside of iraq then its international what we are waiting for is "INTERNATIONAL ACCEPTED" meaning it has true value and banks have agreed to accept it and exchange it...
8-5-2018 Newshound Guru chattels Article: "Five parties agree on the formation of the largest bloc and these are the ministries distributed among them" There are and will be many news articles talking about political alliances and it is difficult to determine which has merit, but I read the foregoing article with some interest. Interesting because it saves face for all the main players and is consistent with prior Iraqi politics where the main vote getter is excluded from the office of the PM. Even though Sadr is not a candidate himself for the post of PM. Sadr is a problem for all and may be more comfortable in opposition anyway. What is most interesting is that such an alliance excludes none of the several candidates for PM, to wit, Ameri, Abadi, or Maliki etc. Who would the PM be in such an alliance? Stay tuned. This is going to be very interesting.
8-5-2018 Newshound/Intel Guru Mnt Goat More news on the last part of HCL to be implemented. The protestors are putting pressure on the govt to implement this now. We are told in Sept. The law was passed in April and was scheduled for implementation in Sept. But they want it now. Also recent news that Kurdistan agreed to join up with the Sadr Movement in Sadr’s alliance if Article 140 referendum get passed and implemented in the next session of parliament. They are not saying in the next term or year or months. They are stressing in the next session when parliament comes back in session. Is this enough to satisfy what is considered the implementation of the constitutional article? I think perhaps it may be enough
8-4-2018 Newshound Guru Don961 Article: "Budgets of ministries determine their political value .. And a strong struggle on the portfolios of electricity, health and education" ...a very good article explaining the method of corruption and stealing going on ... and why very little to nothing trickles down to the citizens ... the political parties use the allocations of the Budget to enrich themselves ... use it like like their own personal piggy bank ... if anything this exposes Maliki for his participation in it .. and not doing anything about it ... it's all about the Benjamins to these guys ... and using them to stay in power ... imo.
8-4-2018 Newshound/Intel Guru Mnt Goat 3. Dr. Sinan Al-Shabibi, when head of the CBI, told us many years ago that the reinstatement process would be a very long process. We are now witnessing what he meant by this statement. We have witnessed the international banking and financial reforms, laws against corruption, measures taken against counterfeiting and money laundering, electronic banking to limit the money supply to 2/3 of what it was simply by not paying out billions back into the streets each pay day and now the ISX going global. So what next can they do? How about the final dead [deed ?] of the reinstatement? But we don’t know what we don’t know so what other events or reforms are on the agenda prior to the reinstatement? All we can do is sit tight and watch. [post 3 of 3]
8-4-2018 Newshound/Intel Guru Mnt Goat 1. Since on the global trading platform it can create a demand for the dinar since traders will have to first convert their currency to dinar to trade. This demand will drive the rate up. But remember this is still the program rate and the CBI has not yet reinstated the dinar on the global trading platforms. We must NOT lose site of this fact. 2. It is the first time we see the Iraqi dinar “formally” going out globally. I do not consider these online internet sites selling dinar and other currencies global. They are merely “currency brokers” not trading platforms. The banks too are now operating under the same premise for the ones now selling and buying the Iraqi dinar. [post 2 of 3.....stay tuned]
8-4-2018 Newshound/Intel Guru Mnt Goat We know that the Iraqi Stock Exchange (ISX) has been up and running for years now. Up to this point trading has been exclusively within the boundaries of Iraq. Now they opened it up to the rest of the world to get in and trade. This is all this is. Is this GREAT news for us and the RV? Yes, Yes, Yes but I would not hype it all up or connect this with other pieces of information...to form a bigger picture that the reinstatement is now taking place. It is great news and very much a move in the right direction for the Iraqi dinar. Why? For three main reasons: (post 1 of 3....stay tuned]
8-4-2018 Intel Guru RayRen98 ...an Iraqi communication in Arabic was eventually translated as their official announcement of the Iraqi being "Globally accepted" as of Wednesday. This means that Iraq can now change it's rate at will and it will appear in the system due to it being international. There are more reports of the currency being 1:1, more specifically, $20-22 IQD. Record numbers of citizens getting paid are being reported. More definitive information is expected later ...Time Will Tell...ALL!!
8-4-2018 Intel Guru ADMINBILL LOT'S OF GREAT NEWS! BUT NO ACTION TO BACK IT UP. YET. I WILL CONTINUE TO REMIND EVERYONE THAT THIS IS NOT AN EVENT DRIVEN RI/RV THAT WILL HAPPEN ON A SPECIFIC DATE, ELECTION, ETC. THIS IS A PROCESS DRIVEN RI/RV. THAT IS TO SAY THAT WHEN ALL REQUIREMENTS ARE MET THE RELEASE WILL HAPPEN. THERE WILL BE NO ADVANCED WARNING AND NO FIREWORKS. IT WILL BE, IMO, TOTALLY UNEXPECTED AND OUT OF NOWHERE.
8-4-2018 Newshound/Intel Guru Mnt Goat 3. Dr. Sinan Al-Shabibi, when head of the CBI, told us many years ago that the reinstatement process would be a very long process. We are now witnessing what he meant by this statement. We have witnessed the international banking and financial reforms, laws against corruption, measures taken against counterfeiting and money laundering, electronic banking to limit the money supply to 2/3 of what it was simply by not paying out billions back into the streets each pay day and now the ISX going global. So what next can they do? How about the final dead [deed ?] of the reinstatement? But we don’t know what we don’t know so what other events or reforms are on the agenda prior to the reinstatement? All we can do is sit tight and watch. [post 3 of 3]
8-4-2018 Newshound/Intel Guru Mnt Goat 1. Since on the global trading platform it can create a demand for the dinar since traders will have to first convert their currency to dinar to trade. This demand will drive the rate up. But remember this is still the program rate and the CBI has not yet reinstated the dinar on the global trading platforms. We must NOT lose site of this fact. 2. It is the first time we see the Iraqi dinar “formally” going out globally. I do not consider these online internet sites selling dinar and other currencies global. They are merely “currency brokers” not trading platforms. The banks too are now operating under the same premise for the ones now selling and buying the Iraqi dinar. [post 2 of 3.....stay tuned]
8-4-2018 Newshound/Intel Guru Mnt Goat We know that the Iraqi Stock Exchange (ISX) has been up and running for years now. Up to this point trading has been exclusively within the boundaries of Iraq. Now they opened it up to the rest of the world to get in and trade. This is all this is. Is this GREAT news for us and the RV? Yes, Yes, Yes but I would not hype it all up or connect this with other pieces of information...to form a bigger picture that the reinstatement is now taking place. It is great news and very much a move in the right direction for the Iraqi dinar. Why? For three main reasons: (post 1 of 3....stay tuned]
8-4-2018 Intel Guru RayRen98 ...an Iraqi communication in Arabic was eventually translated as their official announcement of the Iraqi being "Globally accepted" as of Wednesday. This means that Iraq can now change it's rate at will and it will appear in the system due to it being international. There are more reports of the currency being 1:1, more specifically, $20-22 IQD. Record numbers of citizens getting paid are being reported. More definitive information is expected later ...Time Will Tell...ALL!!
8-4-2018 Intel Guru ADMINBILL LOT'S OF GREAT NEWS! BUT NO ACTION TO BACK IT UP. YET. I WILL CONTINUE TO REMIND EVERYONE THAT THIS IS NOT AN EVENT DRIVEN RI/RV THAT WILL HAPPEN ON A SPECIFIC DATE, ELECTION, ETC. THIS IS A PROCESS DRIVEN RI/RV. THAT IS TO SAY THAT WHEN ALL REQUIREMENTS ARE MET THE RELEASE WILL HAPPEN. THERE WILL BE NO ADVANCED WARNING AND NO FIREWORKS. IT WILL BE, IMO, TOTALLY UNEXPECTED AND OUT OF NOWHERE.
8-3-2018 Intel Guru Frank26 [via sunny] Abadi and the GOI are seated. They are still in control until they replace them...Abadi and the GOI are not waiting for anything. ...They are all for International standards...The GOI and Abadi act as a well functioning government under the leadership of Abadi, and the rest of the world is watching. ...Abadi is proving to the world that both he and Sadr are capable of leading this country of Iraq with no fear tactics but instead with a reconciliation. With no stealing of Iraq’s funds but instead an increase of the reserves. ...Pres. Donald Trump is supporting the demands of the demonstrators in Iraq...Iraq’s financial reform is of great interest to the USA. IMO,...
8-3-2018 Newshound Guru Adam Montana [...the last Fitch Rating Report B-... We all know Iraq is working under the guidelines of the IMF. The IMF-SBA 2016-2019 is on hold. My question is: RV before the end of IMF-SBA in 2019 or after?] Iraq is in charge of their own wallet and they will act on an RV when they are ready, not when the IMF gives approval or they get a "better than B-" rating from Fitch.
8-3-2018 Newshound Guru Don961 Article: "The Network Announces Its Sponsorship Of The Securities Commission" Quote: "...is very important to inform the citizen On the actual movement of shares and currency rates depending on political and economic changes..." Have to keep the citizens in the loop...as far as what's going down economically in the country ... especially in this time of transition...so they know actual currency rates real time...and are able to track the movement of their investments...so they can make informed decisions...kudos to this news organization to provide that...stay tuned!...imo
8-3-2018 Newshound Guru Adam Montana [Curious about Saudi's hesitation to ship oil through the straight and the sabre rattling with Iran and the US. Could these issues cause a set back for Iraq any potential RV ? Reason being is the sanctions on Iran and there possible hoarding of dinars. ...I just don't see this as being a good thing at the moment.] Saudi Arabia has a major influence, but they don't control global shipping routes unilaterally. Any pushback, from ANYwhere, that hinders Iraq and their business (OIL), is probably good for us because it encourages Iraq to move forward on their issues (HCL, GOI, everything). On that note, we can see that a potential negative factor can easily lead to a positive result.
8-3-2018 Newshound Guru MilitiaMan Article: "The Network Announces Its Sponsorship Of The Securities Commission" Quote: "...is very important to inform the citizen On the actual movement of shares and currency rates depending on political and economic changes..." Looks like they just told the world what they are up to.. Were they going to tell the world, hey, we have a new currency and it is at a program rate still. I think not... lol imo They are clearly not only paving the roads in Basra, they are paving the way to a market economy to be Global... imo.
8-3-2018 Intel Guru Jester THE WOLF [GURU REDWOLF] IS CONVINCED WE ARE IN THE MIDDLE OF THINGS... I AM NOT SO SURE AS I AM NOT GETTING ANYTHING BUT BE PATIENT FROM OUR PEOPLE... MY CONTACTS ARE STILL CONVINCED WE ARE GETTING CLOSE BUT I SURE WOULD LIKE TO SEE SOMETHING I COULD PROVE...
8-3-2018 Intel Guru Bruce I told you on Tuesday I knew what the rate was on the dong, and it was really good, but the dinar will be better than the dong which is really good...We know people from two different banks that were represented and flew to Hong Kong to do exchanges using the Iraqi dinar to exchange. ...We know two people from PNC Bank went. We know two people from Chase Bank went...We see attempts to be made to complete the process to release everything and get us underway...It appears to be almost a constant... We just know our time is drawing closer and closer... [post 2 of 2]
8-3-2018 Intel Guru Bruce [via pinkroses] We have contacts in Fallujah, Baghdad, some of those locations, and what we were getting...since 6:30 am, Wednesday morning Iraq time, the Iraqi dinar was being exchanged globally. We had that coming out of Fallujah. We know that was happening. I am not saying the rate is out where we in the US can see it because it isn’t... we are not going to see an Iraqi dinar rate until we are ready to start...So do not be looking for that anytime real soon unless we are ready to go now. [post 1 of 2....stay tuned]
8-3-2018 Intel Guru RayRen98 ...the Iraq Dinar is now globally traded as of yesterday and those are the rates...
USD 1 USD = 1,197.6000 Iraqi Dinars
1 Iraqi Dinar = 0.0008 USD
8-3-2018 Newshound Guru Adam Montana [...the last Fitch Rating Report B-... We all know Iraq is working under the guidelines of the IMF. The IMF-SBA 2016-2019 is on hold. My question is: RV before the end of IMF-SBA in 2019 or after?] Iraq is in charge of their own wallet and they will act on an RV when they are ready, not when the IMF gives approval or they get a "better than B-" rating from Fitch.
8-3-2018 Newshound Guru Don961 Article: "The Network Announces Its Sponsorship Of The Securities Commission" Quote: "...is very important to inform the citizen On the actual movement of shares and currency rates depending on political and economic changes..." Have to keep the citizens in the loop...as far as what's going down economically in the country ... especially in this time of transition...so they know actual currency rates real time...and are able to track the movement of their investments...so they can make informed decisions...kudos to this news organization to provide that...stay tuned!...imo
8-3-2018 Newshound Guru Adam Montana [Curious about Saudi's hesitation to ship oil through the straight and the sabre rattling with Iran and the US. Could these issues cause a set back for Iraq any potential RV ? Reason being is the sanctions on Iran and there possible hoarding of dinars. ...I just don't see this as being a good thing at the moment.] Saudi Arabia has a major influence, but they don't control global shipping routes unilaterally. Any pushback, from ANYwhere, that hinders Iraq and their business (OIL), is probably good for us because it encourages Iraq to move forward on their issues (HCL, GOI, everything). On that note, we can see that a potential negative factor can easily lead to a positive result.
8-3-2018 Newshound Guru MilitiaMan Article: "The Network Announces Its Sponsorship Of The Securities Commission" Quote: "...is very important to inform the citizen On the actual movement of shares and currency rates depending on political and economic changes..." Looks like they just told the world what they are up to.. Were they going to tell the world, hey, we have a new currency and it is at a program rate still. I think not... lol imo They are clearly not only paving the roads in Basra, they are paving the way to a market economy to be Global... imo.
8-3-2018 Intel Guru Jester THE WOLF [GURU REDWOLF] IS CONVINCED WE ARE IN THE MIDDLE OF THINGS... I AM NOT SO SURE AS I AM NOT GETTING ANYTHING BUT BE PATIENT FROM OUR PEOPLE... MY CONTACTS ARE STILL CONVINCED WE ARE GETTING CLOSE BUT I SURE WOULD LIKE TO SEE SOMETHING I COULD PROVE...
8-3-2018 Intel Guru Bruce I told you on Tuesday I knew what the rate was on the dong, and it was really good, but the dinar will be better than the dong which is really good...We know people from two different banks that were represented and flew to Hong Kong to do exchanges using the Iraqi dinar to exchange. ...We know two people from PNC Bank went. We know two people from Chase Bank went...We see attempts to be made to complete the process to release everything and get us underway...It appears to be almost a constant... We just know our time is drawing closer and closer... [post 2 of 2]
8-3-2018 Intel Guru Bruce [via pinkroses] We have contacts in Fallujah, Baghdad, some of those locations, and what we were getting...since 6:30 am, Wednesday morning Iraq time, the Iraqi dinar was being exchanged globally. We had that coming out of Fallujah. We know that was happening. I am not saying the rate is out where we in the US can see it because it isn’t... we are not going to see an Iraqi dinar rate until we are ready to start...So do not be looking for that anytime real soon unless we are ready to go now. [post 1 of 2....stay tuned]
8-3-2018 Intel Guru RayRen98 ...the Iraq Dinar is now globally traded as of yesterday and those are the rates...
USD 1 USD = 1,197.6000 Iraqi Dinars
1 Iraqi Dinar = 0.0008 USD
8-2-2018 Intel Guru Frank26 [via sunny] ...Saudi Arabia is opening up branches in Saudi that represent the CBI and the CBI is opening banks in Baghdad that represent Saudi Arabian banks. Hello! Kuwait...is very close to swapping their currency with the Iraqi dinar currency. Along with this you also have the President of the Iraqi Private Banking Association that just last week is reaching out to all private banks in Iraq and telling them to...get into Iraq and open their branches in all the gulf states, especially in Iraq. Dubai was one. ...Three countries in the last few days have been in talks to open their banks in Iraq and to have it done in their country representing Iraq. That is INTERNATIONAL STATUS with Iraq! Under sanctions, program rate, restrictions, this could not happen!
8-2-2018 Newshound/Intel Guru Mnt Goat ...We are not just waiting for the rate to change on FOREX...We are looking for the currency to be “reinstated” on the currency exchanges since it was downgraded from the exchanges on 2003 just prior to the Operation Desert Storm. When it is reinstated the rate is expected to be to at least equal to the rate prior to the war with added equity. This is when we go to the bank and not before.
8-2-2018 Newshound Guru Adam Montana [Seems like the manual count of the votes is reaching the end and may have been a stalling tactic while very few exceptions to the original results have been discovered. With the extended time between the election and the formal announcement of the election results, do You think agreements are unannounced and in place to apply Article 140 and to push the needed elements of the HCL through Parliament at the onset of the new Parliamentary session? If so on the HCL, will it have to be published in the Gazette before the final monetary reforms are applied to include the RI/RV?] The general way of doing business in Iraq does require an official Gazette publication for some things to be finalized, but we know that if the CBI says tomorrow that they are exchanging at a new rate... that's the day it becomes official, and we won't be waiting for a newspaper to hit the doorsteps.
8-2-2018 Intel Guru Delta [...can they go international wed with a program rate... wouldnt the whales destroy the dinar...] CAN'T...IT'S NOT AN OPTION...THEY HAVE NO CHOICE.
8-2-2018 Intel Guru RayRen98 WE ARE NOW UP TO 4 REPORTS OF 1:1 IN IRAQ --- THE CLOCK IS TICKING. [reference RayRen98 post 8-1-2018]
8-2-2018 Newshound/Intel Guru Mnt Goat How long can Iraq stall the announcement of the elections results and get the govt formed? We are already passed my mid- July date on my timeframe when the RV could possibly happen. So let’s wait and see what happens in the next couple weeks. We know they must announce the ratification of the election results first and seat the new prime minister and parliament. This will start the clock ticking again....tick tock,,, tick tock,,,.
8-2-2018 Intel Guru Frank26 Mrs.Kamin, a Parliament Financial Committee Member for many years...comes out of nowhere and says, “I’m going to be talking to all of you here about our economic policy and about our ‘new paper,’ that will serve as new paper. A currency financial report is what I’m going to be turning into the CBI concerning this ‘new paper’. That is a HUGE leak! For real. Lady, your going going to be handing in a currency financial report about a program rate, are you?! Of course not, silly rabbit! ...a new report and a new currency...Shut up! Your talking about the Reinstatement of the Iraqi dinar! ...That is so blatant!. ...She’s talking basically about the education that has been given to the citizens of Iraq. She is not talking about an old program rate!
8-2-2018 Newshound/Intel Guru Mnt Goat ...We are not just waiting for the rate to change on FOREX...We are looking for the currency to be “reinstated” on the currency exchanges since it was downgraded from the exchanges on 2003 just prior to the Operation Desert Storm. When it is reinstated the rate is expected to be to at least equal to the rate prior to the war with added equity. This is when we go to the bank and not before.
8-2-2018 Newshound Guru Adam Montana [Seems like the manual count of the votes is reaching the end and may have been a stalling tactic while very few exceptions to the original results have been discovered. With the extended time between the election and the formal announcement of the election results, do You think agreements are unannounced and in place to apply Article 140 and to push the needed elements of the HCL through Parliament at the onset of the new Parliamentary session? If so on the HCL, will it have to be published in the Gazette before the final monetary reforms are applied to include the RI/RV?] The general way of doing business in Iraq does require an official Gazette publication for some things to be finalized, but we know that if the CBI says tomorrow that they are exchanging at a new rate... that's the day it becomes official, and we won't be waiting for a newspaper to hit the doorsteps.
8-2-2018 Intel Guru Delta [...can they go international wed with a program rate... wouldnt the whales destroy the dinar...] CAN'T...IT'S NOT AN OPTION...THEY HAVE NO CHOICE.
8-2-2018 Intel Guru RayRen98 WE ARE NOW UP TO 4 REPORTS OF 1:1 IN IRAQ --- THE CLOCK IS TICKING. [reference RayRen98 post 8-1-2018]
8-2-2018 Newshound/Intel Guru Mnt Goat How long can Iraq stall the announcement of the elections results and get the govt formed? We are already passed my mid- July date on my timeframe when the RV could possibly happen. So let’s wait and see what happens in the next couple weeks. We know they must announce the ratification of the election results first and seat the new prime minister and parliament. This will start the clock ticking again....tick tock,,, tick tock,,,.
8-2-2018 Intel Guru Frank26 Mrs.Kamin, a Parliament Financial Committee Member for many years...comes out of nowhere and says, “I’m going to be talking to all of you here about our economic policy and about our ‘new paper,’ that will serve as new paper. A currency financial report is what I’m going to be turning into the CBI concerning this ‘new paper’. That is a HUGE leak! For real. Lady, your going going to be handing in a currency financial report about a program rate, are you?! Of course not, silly rabbit! ...a new report and a new currency...Shut up! Your talking about the Reinstatement of the Iraqi dinar! ...That is so blatant!. ...She’s talking basically about the education that has been given to the citizens of Iraq. She is not talking about an old program rate!
8-1-2018 Intel Guru RayRen98 [via sunny] ...we were trying to get confirmation of the information before we released it. It came to us yesterday or the day before. The first reference of $20 for 22 dinar. ...I had contacts to see what they could find out. One came back negative that their person did not see anything yet. Then confirmation today from a very good source that is 'deep, up in there' and said, "yes some are getting 1:1. Other sources said "it is supposed to start today!" ...we should see it in two to three days before we see it over here.
8-1-2018 Newshound Guru Adam Montana [...with the major tension with Iran do you honestly ever see a RV anytime soon and I mean within the next five years? So many Iranian are in Iraq right now I just don't see anything positive...I hate being a downer just wish there was more positive good news after week like the past.] I understand your disappointment in the lack of news recently... the fact of the matter is Iraq has accomplished 98% of what they need to do, and we are at the point where any day could be the day! That sounds like a good thing to me!
8-1-2018 Newshound/Intel Guru Mnt Goat This is why they are NOT issuing any more newer notes of the 250, 500 and 1,000 categories as these would be worth much more post-Reinstatement/RV. So for instance, if the rate comes out at $3.00 USD rate of exchange per dinar, the 250 dinar would be worth 750 USD, the 500 dinar worth $1,500 USD and the 1,000 dinar worth $3,000 USD. Part of the project to delete the zeros is to get as much of these older notes out of circulation. They needed to reduce the money supply on the streets by 2/3. So why would they keep issuing fresher, newer notes then? This is a good sign for us the RV is coming very soon. [post 2 of 2]
8-1-2018 Newshound/Intel Guru Mnt Goat Article: "THE ABSENCE OF SMALL MONETARY CATEGORIES IS DETRIMENTAL TO THE STABILITY OF THE LOCAL ECONOMY" Sounds to me they are itching for the lower denominations and much lower than the ones they talk about here in this article (250 dinar (worth 25 cents USD today), 500 dinar (worth 50 cents USD today) and 1000 dinar (worth $1 USD today). Of course with the newer categories these three will coincide alongside the new issued categories however for the 25 cents there will be a 25 cent fils coin and for the 50 cents there will be a 50 coin fils and for the $1 there will be a 1 dinar coin fils. (others I did not mention too). [post 1 of 2....stay tuned]
8-1-2018 Newshound Guru Adam Montana ...we're at the tail end of the "counting" of the recent election results. Abadi is still leading in a proactive manner, but there is no way to predict how things will shake out over the coming days. Will there be any surprise appointments? If so, who? Perhaps more interestingly... will a new leader start off with a bang? Introducing a new rate would certainly be a way to win a LOT of friends... who is really going to complain about something like that, if it's done swiftly? We certainly have a lot of potential in the coming days! I'm hanging on to my hat for sure.
8-1-2018 Intel Guru Frank26 [via sunny] I don’t give dates and rates but there is a date. All agreements have a date. ...They are well past that suitable environment. . . I don’t know that date but IMO it’s within 2018 at any moment they are ready to do so. IMF said not giving them any more loans, any more money. When have you ever seen the IMF back away from giving Iraq money? ...The answer is Never! No more loans, no more money. ...The IMF has backed away, because the Iraqis met all their obligations. All the obligations on the restrictions that was placed on them by the UNSC. I believe their budget is perfect. I believe a lot of things are in place for the RI of the currency of Iraq. ...The CBI is soon to come out with a change in their exchange rate...
8-1-2018 Intel Guru Bruce ...We did find that there was a meeting on Saturday that was not really advertised. It was in an undisclosed location in New York, and it was a meeting made of primarily made up of Big Bankers. ...What it was about was trying to come to a consensus on some of the procedures and protocols that we are going to experience when it comes to our exchanges and redemptions. We do have rates showing occasionally on front and back screens. We did get a rate on the dong today, but the rates were all supposed to update last night. ...the front screen rate on the dong was way more than we thought it would be, and the back screen was quite admirable as well. ...The point is we are in the process...I feel we are exactly where we need to be right now. Things are happening and rates are changing. Rates are coming up on the screens. I think we are going to be in pretty good shape.
8-1-2018 Newshound Guru Adam Montana [...with the major tension with Iran do you honestly ever see a RV anytime soon and I mean within the next five years? So many Iranian are in Iraq right now I just don't see anything positive...I hate being a downer just wish there was more positive good news after week like the past.] I understand your disappointment in the lack of news recently... the fact of the matter is Iraq has accomplished 98% of what they need to do, and we are at the point where any day could be the day! That sounds like a good thing to me!
8-1-2018 Newshound/Intel Guru Mnt Goat This is why they are NOT issuing any more newer notes of the 250, 500 and 1,000 categories as these would be worth much more post-Reinstatement/RV. So for instance, if the rate comes out at $3.00 USD rate of exchange per dinar, the 250 dinar would be worth 750 USD, the 500 dinar worth $1,500 USD and the 1,000 dinar worth $3,000 USD. Part of the project to delete the zeros is to get as much of these older notes out of circulation. They needed to reduce the money supply on the streets by 2/3. So why would they keep issuing fresher, newer notes then? This is a good sign for us the RV is coming very soon. [post 2 of 2]
8-1-2018 Newshound/Intel Guru Mnt Goat Article: "THE ABSENCE OF SMALL MONETARY CATEGORIES IS DETRIMENTAL TO THE STABILITY OF THE LOCAL ECONOMY" Sounds to me they are itching for the lower denominations and much lower than the ones they talk about here in this article (250 dinar (worth 25 cents USD today), 500 dinar (worth 50 cents USD today) and 1000 dinar (worth $1 USD today). Of course with the newer categories these three will coincide alongside the new issued categories however for the 25 cents there will be a 25 cent fils coin and for the 50 cents there will be a 50 coin fils and for the $1 there will be a 1 dinar coin fils. (others I did not mention too). [post 1 of 2....stay tuned]
8-1-2018 Newshound Guru Adam Montana ...we're at the tail end of the "counting" of the recent election results. Abadi is still leading in a proactive manner, but there is no way to predict how things will shake out over the coming days. Will there be any surprise appointments? If so, who? Perhaps more interestingly... will a new leader start off with a bang? Introducing a new rate would certainly be a way to win a LOT of friends... who is really going to complain about something like that, if it's done swiftly? We certainly have a lot of potential in the coming days! I'm hanging on to my hat for sure.
8-1-2018 Intel Guru Frank26 [via sunny] I don’t give dates and rates but there is a date. All agreements have a date. ...They are well past that suitable environment. . . I don’t know that date but IMO it’s within 2018 at any moment they are ready to do so. IMF said not giving them any more loans, any more money. When have you ever seen the IMF back away from giving Iraq money? ...The answer is Never! No more loans, no more money. ...The IMF has backed away, because the Iraqis met all their obligations. All the obligations on the restrictions that was placed on them by the UNSC. I believe their budget is perfect. I believe a lot of things are in place for the RI of the currency of Iraq. ...The CBI is soon to come out with a change in their exchange rate...
8-1-2018 Intel Guru Bruce ...We did find that there was a meeting on Saturday that was not really advertised. It was in an undisclosed location in New York, and it was a meeting made of primarily made up of Big Bankers. ...What it was about was trying to come to a consensus on some of the procedures and protocols that we are going to experience when it comes to our exchanges and redemptions. We do have rates showing occasionally on front and back screens. We did get a rate on the dong today, but the rates were all supposed to update last night. ...the front screen rate on the dong was way more than we thought it would be, and the back screen was quite admirable as well. ...The point is we are in the process...I feel we are exactly where we need to be right now. Things are happening and rates are changing. Rates are coming up on the screens. I think we are going to be in pretty good shape.
7-31-2018 Intel Guru Frank26 [ I notice there was an
article that mention Mousal opening up a Central Bank. Could that have any
impact on what we all seek? ...and the change of rate?] YES IT DOES.
7-31-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQ, THANKS TO ITS NATURAL RESOURCES, IS ONE OF THE WORLD'S RICHEST COUNTRIES IN THE WORLD" ...with a currency that is now artificially stiffened at 1/8 of a penny.
7-31-2018 Intel Guru Frank26 All Banks Calculated... basket is 5-8 currencies... they are ready all asset backed... Military sanctions only left... Trump gave Iraq $850 million for military purposes...got promises to go along with a document on Trump's desk to deal with 2 very powerful reports...Wow! Number of Notes Crucial Now! That is the Heartbeat right now of the IQD...too little will equal failure with the citizens...too many will cause inflation... Everything we have been told we would see, is unfolding right before our very eyes...[IMO] [post 2 of 2]
7-31-2018 Intel Guru Frank26 [via Clare] IMF lifted barriers, all sanctions, ART 8...Lifted! CBI must move fast for many reasons: THE PEOPLE, jobs, demonstrations...the people need it! ...They need the increased purchasing power, a sense of pride in using their currency! Iraqi Private Bank Ass. last week told all private banks in Iraq to open the branches in all the Gulf States & in Iraq...International! The absence of small monetary categories is detrimental to the stability of the local economy...Again it's about the people!! They are expecting it and have been educated for years, by massive information, especially in 2018 for what is about to take place! Lower Denom's will be replaced by Small Notes! Has to be! 1. RI for Citizens 2. RV for Global Markets! Citizens know IQD is 1-1...waiting to be announced...They have a date...forget about that! Watch it unfold... [post 1 of 2....stay tuned]
7-31-2018 Newshound Guru chattels "Dollar exchange rates in Iraq on Monday 30/07/2018 Economy News _ Baghdad...The exchange rate of the dollar, Monday, stabilized against the dinar in the local currency market. ...the price of selling the dollar in Baghdad today 119 thousand and 500 and the purchase price 120 thousand and 500 dinars to 100 dollars." Is it accurate to observe that the disparity between the several bourses in Iraq is much diminished? Perhaps uniformity in the rates within Iraq is important to our event ?
7-31-2018 Newshound/Intel Guru Mnt Goat Article: "RESULTS OF COUNTING AND SORTING BY HAND MAY ANNOUNCE THE BEGINNING OF NEXT AUGUST" In this article they outline the next steps to form the govt. They are telling us the cabinet of ministers under the PM will not be formed until Sept but Parliament will be in sworn in and the new PM announced next week sometime. I would not expect the CBI to go forward with the reinstatement of the dinar until this done next week.
7-31-2018 Newshound Guru Don961 Article quotes: "Fitch Ratings International said on Monday it kept its rating of Iraq unchanged at B with a stable outlook." "Fitch said in a statement that it had confirmed its long-term risk rating for foreign currency debt default at " B ", which means high risk." Iraq remains in the international credit rating "b". The risk of repayment of foreign currency debt is high.
7-31-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQ, THANKS TO ITS NATURAL RESOURCES, IS ONE OF THE WORLD'S RICHEST COUNTRIES IN THE WORLD" ...with a currency that is now artificially stiffened at 1/8 of a penny.
7-31-2018 Intel Guru Frank26 All Banks Calculated... basket is 5-8 currencies... they are ready all asset backed... Military sanctions only left... Trump gave Iraq $850 million for military purposes...got promises to go along with a document on Trump's desk to deal with 2 very powerful reports...Wow! Number of Notes Crucial Now! That is the Heartbeat right now of the IQD...too little will equal failure with the citizens...too many will cause inflation... Everything we have been told we would see, is unfolding right before our very eyes...[IMO] [post 2 of 2]
7-31-2018 Intel Guru Frank26 [via Clare] IMF lifted barriers, all sanctions, ART 8...Lifted! CBI must move fast for many reasons: THE PEOPLE, jobs, demonstrations...the people need it! ...They need the increased purchasing power, a sense of pride in using their currency! Iraqi Private Bank Ass. last week told all private banks in Iraq to open the branches in all the Gulf States & in Iraq...International! The absence of small monetary categories is detrimental to the stability of the local economy...Again it's about the people!! They are expecting it and have been educated for years, by massive information, especially in 2018 for what is about to take place! Lower Denom's will be replaced by Small Notes! Has to be! 1. RI for Citizens 2. RV for Global Markets! Citizens know IQD is 1-1...waiting to be announced...They have a date...forget about that! Watch it unfold... [post 1 of 2....stay tuned]
7-31-2018 Newshound Guru chattels "Dollar exchange rates in Iraq on Monday 30/07/2018 Economy News _ Baghdad...The exchange rate of the dollar, Monday, stabilized against the dinar in the local currency market. ...the price of selling the dollar in Baghdad today 119 thousand and 500 and the purchase price 120 thousand and 500 dinars to 100 dollars." Is it accurate to observe that the disparity between the several bourses in Iraq is much diminished? Perhaps uniformity in the rates within Iraq is important to our event ?
7-31-2018 Newshound/Intel Guru Mnt Goat Article: "RESULTS OF COUNTING AND SORTING BY HAND MAY ANNOUNCE THE BEGINNING OF NEXT AUGUST" In this article they outline the next steps to form the govt. They are telling us the cabinet of ministers under the PM will not be formed until Sept but Parliament will be in sworn in and the new PM announced next week sometime. I would not expect the CBI to go forward with the reinstatement of the dinar until this done next week.
7-31-2018 Newshound Guru Don961 Article quotes: "Fitch Ratings International said on Monday it kept its rating of Iraq unchanged at B with a stable outlook." "Fitch said in a statement that it had confirmed its long-term risk rating for foreign currency debt default at " B ", which means high risk." Iraq remains in the international credit rating "b". The risk of repayment of foreign currency debt is high.
7-30-2018 Newshound/Intel Guru Mnt Goat Article: "THE ELECTION RESULTS MAY BE ANNOUNCED THE BEGINNING OF NEXT MONTH (EARLY AUGUST)" Quote: "...the results of the election may announced the beginning of next month (early August), and the Electoral Commission will ratify the names of the winners at this time. They will then open the door to appeals to the losers and after about 15 days will be ratified by the Federal Court." So this puts up in about mid August until the Federal Court ratifies the results. ...I do not see any action on the part of the CBI until at least a couple weeks from now. This is the beginning of our earliest timeframe. I make this statement because I checked with my CBI contact and she confirmed what I have just told you. She also said that in the next couple weeks to pay attention to the news media as you will see multiple articles on the subject of “deleting the zeros” and about ending the currency auctions. This will be a confirmation they are going forward once again and there is movement.
7-30-2018 Newshound Guru chattels Abadi,..." there is an economic renaissance ahead of us after..." Kap [Guru Kaperoni] seems to think that such an economic renaissance is "close".
7-30-2018 Newshound/Intel Guru Mnt Goat WHEN WILL THE CBI “PULL THE TRIGGER”? ...We all should know by now that we are very close to getting this reinstatement...the CBI told us they are waiting for a more “stable” environment post elections. The CBI has stated that “stability” is one of the key elements (the other being “security”) to moving ahead with the deletion of the 3 zeroes project. Stability, the CBI claims, is intrinsically connected to removing the corruption associated with the currency auctions and within the govt in general... ...They need to know the new prime minster will support the continuance of the financial reforms. We know this cannot happen until both the Electoral Commission and the Judiciary ratify the election results. This we are told will happen the end of July or at the latest the first few days of August. Quote: "The Federal Court will ratify the election results at the end of this month."
7-30-2018 Newshound Guru MilitiaMan Article quotes: "And promoting the circulation of small denomination banknotes."; "The information campaign should encourage people to deposit their cash currency in accounts at banks. The campaign must make it clear that once the currency reform is initiated, account holders can withdraw their money in the form of new banknotes."; "The next phase of currency reform is the conversion from old cash currency to new." The process described is befitting of the process being completely underway now! ~ IMO
7-30-2018 Newshound Guru chattels Article quote: "Former Iraqi Prime Minister Nouri al-Maliki’s wealth is estimated at $50 billion, the US magazine Forbes said. The magazine has published the list of world’s ten wealthiest men in the world in 2015 with Maliki occupying the fifth place... former head of council of representatives Osama al-Nujaifi reserved the 10th place with $44 billion followed by Ayad Alawi who owns $35 billion." What happened to "Where did you get this?"
7-30-2018 Newshound Guru chattels Abadi,..." there is an economic renaissance ahead of us after..." Kap [Guru Kaperoni] seems to think that such an economic renaissance is "close".
7-30-2018 Newshound/Intel Guru Mnt Goat WHEN WILL THE CBI “PULL THE TRIGGER”? ...We all should know by now that we are very close to getting this reinstatement...the CBI told us they are waiting for a more “stable” environment post elections. The CBI has stated that “stability” is one of the key elements (the other being “security”) to moving ahead with the deletion of the 3 zeroes project. Stability, the CBI claims, is intrinsically connected to removing the corruption associated with the currency auctions and within the govt in general... ...They need to know the new prime minster will support the continuance of the financial reforms. We know this cannot happen until both the Electoral Commission and the Judiciary ratify the election results. This we are told will happen the end of July or at the latest the first few days of August. Quote: "The Federal Court will ratify the election results at the end of this month."
7-30-2018 Newshound Guru MilitiaMan Article quotes: "And promoting the circulation of small denomination banknotes."; "The information campaign should encourage people to deposit their cash currency in accounts at banks. The campaign must make it clear that once the currency reform is initiated, account holders can withdraw their money in the form of new banknotes."; "The next phase of currency reform is the conversion from old cash currency to new." The process described is befitting of the process being completely underway now! ~ IMO
7-30-2018 Newshound Guru chattels Article quote: "Former Iraqi Prime Minister Nouri al-Maliki’s wealth is estimated at $50 billion, the US magazine Forbes said. The magazine has published the list of world’s ten wealthiest men in the world in 2015 with Maliki occupying the fifth place... former head of council of representatives Osama al-Nujaifi reserved the 10th place with $44 billion followed by Ayad Alawi who owns $35 billion." What happened to "Where did you get this?"
7-29-2018 Newshound Guru MilitiaMan Article: "The absence of small monetary categories is detrimental to the stability of the local economy" Quote: "Central Bank has equipped the Rafidain Bank and Rashid Banknotes and small groups to pay within the salaries of employees, and the bank to sort out the damaged and compensated with new papers..." This is now getting very interesting... They are telling us they have an issue with not having 250s, 500s and 1000s... Dried em up off the streets, now they are providing the new to the Rafidain and Rasheed. Sure smells like they populated the banks with new paper (new currency)...imo.
7-29-2018 Newshound/Intel Guru Mnt Goat Article: "SELF-SUSTAINING EFFORTS TO MAINTAIN THE STABILITY OF THE EXCHANGE RATE AND RECOVERY OF THE IRAQI DINAR IN THE MOST DIFFICULT POLITICAL, SECURITY AND ECONOMIC CONDITIONS" ...They are telling us the performance of the CBI through their recent crisis. We also know just recently that Alak received an award for the best managed Central Bank. Are they trying to tell us something with these two recent articles on the dinar and its stability?
7-29-2018 Newshound Guru ChrisC ...I no longer believe this is about Iraq. They could have counted the votes ten times by now if they were using their fingers and toes. I will say though that I personally believe whatever is being done is for our good. I believe in Trump and I know he wants this to be a win for everybody, but especially us. ...I believe they will resolve it soon.
7-29-2018 Newshound Guru chattels [Im wondering if this slow election counting... is not on purpose for something else.] Historically manual vote recounts in Iraq have taken 30 days and the formation of a government about 90 days. Much of this is arguably business or politics as usual in Iraq. The protests are not unusual either although more violent and widespread this time.
7-29-2018 Newshound/Intel Guru Mnt Goat Article: "SELF-SUSTAINING EFFORTS TO MAINTAIN THE STABILITY OF THE EXCHANGE RATE AND RECOVERY OF THE IRAQI DINAR IN THE MOST DIFFICULT POLITICAL, SECURITY AND ECONOMIC CONDITIONS" ...They are telling us the performance of the CBI through their recent crisis. We also know just recently that Alak received an award for the best managed Central Bank. Are they trying to tell us something with these two recent articles on the dinar and its stability?
7-29-2018 Newshound Guru ChrisC ...I no longer believe this is about Iraq. They could have counted the votes ten times by now if they were using their fingers and toes. I will say though that I personally believe whatever is being done is for our good. I believe in Trump and I know he wants this to be a win for everybody, but especially us. ...I believe they will resolve it soon.
7-29-2018 Newshound Guru chattels [Im wondering if this slow election counting... is not on purpose for something else.] Historically manual vote recounts in Iraq have taken 30 days and the formation of a government about 90 days. Much of this is arguably business or politics as usual in Iraq. The protests are not unusual either although more violent and widespread this time.
7-28-2018 Newshound Guru Mnt Goat Article: "CBI CALLING FOR LIFTING ALL BARRIERS ON THE DINAR CURRENCY PREVIOUSLY IMPOSED ON IRAQ" Do you know just how amazing this article is? WOW! This is telling us the CBI is formally requesting that the IMF lift all barriers with the dinar. Are they about to reinstate it? What other barriers are still imposed other than getting them back on trading with the international currency exchanges. When they do we go to the bank.
7-28-2018 Newshound/Intel Guru Mnt Goat I am telling everyone the reinstatement of the Iraqi dinar is very, very near. Not today and probably not this weekend but maybe in the coming weeks. Yes, I said it. One [article] ...is telling us the CBI is requesting the IMF to “lift all barriers previously imposed on Iraq” on the currency. Can it get any clearer than this? They are about to do something with the dinar. Then add this together with the news that just came out about announcing the election results next week and that Maliki made some deals (maybe to get a position again in the govt?). This is all a confirmation that this may finally be coming to an end. The pieces are fitting together and are giving us a picture of the coming of the reinstatement of the dinar.
7-28-2018 Newshound Guru chattels Article: "Barzani, McGurk urge ‘more serious dialogue’ on Iraqi gov’t formation..." McGurk was in Baghdad earlier in the week, where he met with Abadi to discuss “economic reforms supported by our Strategic Framework Agreement,” among other matters, he tweeted.
7-28-2018 Newshound Guru Breitling …Iran needs Iraq to be successful. Does it need to be the biggest most successful country on the planet? No. But they are going to use Iraq for energy in the blackmarkets. They are going to use Iraq for the U.S. dollar in the blackmarkets. And they are going to use the Iraqi dinar… It’s like Iran has a second chance with Iraq. They are not going to screw it up…they need Iraq to succeed. They need their currency to go up…
7-28-2018 Newshound Guru Kaperoni Everyone needs to understand that a currency's value is intertwined into the economy and directly related to the GDP so that is why the government is working so hard to stabilize the security and invite investment into Iraq. Hopefully the end result will be an influx of capital and investment to rebuild Iraq creating a significant appreciation of the currency but the conditions need to be set first. Those conditions are all encompassing including but not limited to the banking system, security, laws and momentum from investors.
7-28-2018 Newshound/Intel Guru Mnt Goat I am telling everyone the reinstatement of the Iraqi dinar is very, very near. Not today and probably not this weekend but maybe in the coming weeks. Yes, I said it. One [article] ...is telling us the CBI is requesting the IMF to “lift all barriers previously imposed on Iraq” on the currency. Can it get any clearer than this? They are about to do something with the dinar. Then add this together with the news that just came out about announcing the election results next week and that Maliki made some deals (maybe to get a position again in the govt?). This is all a confirmation that this may finally be coming to an end. The pieces are fitting together and are giving us a picture of the coming of the reinstatement of the dinar.
7-28-2018 Newshound Guru chattels Article: "Barzani, McGurk urge ‘more serious dialogue’ on Iraqi gov’t formation..." McGurk was in Baghdad earlier in the week, where he met with Abadi to discuss “economic reforms supported by our Strategic Framework Agreement,” among other matters, he tweeted.
7-28-2018 Newshound Guru Breitling …Iran needs Iraq to be successful. Does it need to be the biggest most successful country on the planet? No. But they are going to use Iraq for energy in the blackmarkets. They are going to use Iraq for the U.S. dollar in the blackmarkets. And they are going to use the Iraqi dinar… It’s like Iran has a second chance with Iraq. They are not going to screw it up…they need Iraq to succeed. They need their currency to go up…
7-28-2018 Newshound Guru Kaperoni Everyone needs to understand that a currency's value is intertwined into the economy and directly related to the GDP so that is why the government is working so hard to stabilize the security and invite investment into Iraq. Hopefully the end result will be an influx of capital and investment to rebuild Iraq creating a significant appreciation of the currency but the conditions need to be set first. Those conditions are all encompassing including but not limited to the banking system, security, laws and momentum from investors.
7-27-2018 Intel Guru Delta Article: "The Financial Operations : Lifting All The Barriers Imposed On The Central Bank Of Iraq After Its Actions Against Money Laundering" Quote: "The Central Bank of Iraq revealed that its measures against currency smuggling, money laundering and terrorism financing have been praised by the international financial organizations and the International Monetary Fund, calling for lifting all barriers previously imposed on Iraq. "Thursday that the exchange rate of the US dollar against the Iraqi dinar is stable for the past six months..." IT'S ALL DONE NO MORE BARRIERS...
7-27-2018 Newshound Guru MilitiaMan Article Quote: "Abadi will strengthen his public presence by meeting the demands of the protesters, so he will succeed before the politicians and the people..." Yes, we were told that we will see Abadi lead and give to the citizens what they demand.. A part of what will be divulged...imo. In my opinion...these demonstrations were purposeful almost guaranteed event for the citizens to show their voice and be given recognition by their leader a abadi...Now the needs will be met in my opinion the economic reform will come to light to fulfill the desires of everyone involved. Sounds simple? Yes. Yet let's see what the near future brings...
7-27-2018 Intel Guru Bruce The rates, synchronization of the banks in Iraq is complete, CBI completely synchronized with the banks worldwide around the world. What that means is the CBI by being synchronized around the world with all those banks that is how they were able to say Yes, we are able to open the ISX now. So that is what happened today [Thursday]. ...I do believe we are in for a really good weekend. ...I have not heard anything beyond that, on those two days at this time. Realize this Bruce is not calling it, I am just telling you what I am hearing from a strong source out of Hong Kong that is indicating percentages very high for tomorrow [Friday] and higher for Saturday. I would just say we are ready for this go. Let’s just see what happens. I am excited, still excited. I was a little bit disappointed today, but I am back and rearing to go. [post 2 of 2]
7-27-2018 Intel Guru Bruce We were under the understanding we were going to start sometime midmorning today [Thursday]. ...There was a conference call with all the major banks, Tier 1 banks. ...They were going to try to decide when they were going to release it. I do not know the outcome of that call... ...It is interesting to note that today Iraq opened their Iraqi Stock Exchange internationally for the first time. For that to happen, Iraq has to have an official rate on their Iraqi dinar that is visible to those on the ISX. Do we know about it? No, because it is being held back from us. We will not see that dinar rate until it is time for us to start doing our exchanges plain and simple. What is interesting to me is you know our President Trump wants this to go now, right away. [post 1 of 2....stay tuned]
7-27-2018 Newshound Guru Breitling Iraq is going to revalue but you need to watch the trends. It has to be an overall trend…the question is how much and it will take two years once they start that revaluation. From the information that I’ve gotten from what the CBI has stated. There’s going to be a hard revaluation. In other words it’s going to go up a bunch and then it will float from that point on. It will go up or down. There will be a hard revaluation and from there it will float based on the market. That way they can throttle it…it’s to help protect the value of the currency as the market changes…
7-27-2018 Newshound/Intel Guru Mnt Goat I simply don’t want to predict a timeframe. All we can do is look at the FACTS we have in front of us now. Right now we have the IMF and two Iraqi economists telling us that it will be 2 more months (mid September) before the govt can be formed. But remember the IMF is talking about the next SDR review scheduled for September and if Iraq does not have a govt by then they will bypass the payment on the SDR loan. This is what they are talking about. These other 2 economists are projecting out 2 months for a fully formed government meaning a full cabinet of ministers and parliament and everything else. The CBI is not looking for all of this. They only need the election results ratified, then new parliament and the new PM announced. ...we also know the Iranian sanctions don’t really get fully kicked in until November. Any connection? This is all anyone knows. There is no “secret” information that anyone has to tell us any different. In fact, I don’t even believe the CBI or the GOI knows just when the reinstatement will occur either. Do they have an idea and a target? Of course they do.
7-27-2018 Newshound Guru MilitiaMan Article Quote: "Abadi will strengthen his public presence by meeting the demands of the protesters, so he will succeed before the politicians and the people..." Yes, we were told that we will see Abadi lead and give to the citizens what they demand.. A part of what will be divulged...imo. In my opinion...these demonstrations were purposeful almost guaranteed event for the citizens to show their voice and be given recognition by their leader a abadi...Now the needs will be met in my opinion the economic reform will come to light to fulfill the desires of everyone involved. Sounds simple? Yes. Yet let's see what the near future brings...
7-27-2018 Intel Guru Bruce The rates, synchronization of the banks in Iraq is complete, CBI completely synchronized with the banks worldwide around the world. What that means is the CBI by being synchronized around the world with all those banks that is how they were able to say Yes, we are able to open the ISX now. So that is what happened today [Thursday]. ...I do believe we are in for a really good weekend. ...I have not heard anything beyond that, on those two days at this time. Realize this Bruce is not calling it, I am just telling you what I am hearing from a strong source out of Hong Kong that is indicating percentages very high for tomorrow [Friday] and higher for Saturday. I would just say we are ready for this go. Let’s just see what happens. I am excited, still excited. I was a little bit disappointed today, but I am back and rearing to go. [post 2 of 2]
7-27-2018 Intel Guru Bruce We were under the understanding we were going to start sometime midmorning today [Thursday]. ...There was a conference call with all the major banks, Tier 1 banks. ...They were going to try to decide when they were going to release it. I do not know the outcome of that call... ...It is interesting to note that today Iraq opened their Iraqi Stock Exchange internationally for the first time. For that to happen, Iraq has to have an official rate on their Iraqi dinar that is visible to those on the ISX. Do we know about it? No, because it is being held back from us. We will not see that dinar rate until it is time for us to start doing our exchanges plain and simple. What is interesting to me is you know our President Trump wants this to go now, right away. [post 1 of 2....stay tuned]
7-27-2018 Newshound Guru Breitling Iraq is going to revalue but you need to watch the trends. It has to be an overall trend…the question is how much and it will take two years once they start that revaluation. From the information that I’ve gotten from what the CBI has stated. There’s going to be a hard revaluation. In other words it’s going to go up a bunch and then it will float from that point on. It will go up or down. There will be a hard revaluation and from there it will float based on the market. That way they can throttle it…it’s to help protect the value of the currency as the market changes…
7-27-2018 Newshound/Intel Guru Mnt Goat I simply don’t want to predict a timeframe. All we can do is look at the FACTS we have in front of us now. Right now we have the IMF and two Iraqi economists telling us that it will be 2 more months (mid September) before the govt can be formed. But remember the IMF is talking about the next SDR review scheduled for September and if Iraq does not have a govt by then they will bypass the payment on the SDR loan. This is what they are talking about. These other 2 economists are projecting out 2 months for a fully formed government meaning a full cabinet of ministers and parliament and everything else. The CBI is not looking for all of this. They only need the election results ratified, then new parliament and the new PM announced. ...we also know the Iranian sanctions don’t really get fully kicked in until November. Any connection? This is all anyone knows. There is no “secret” information that anyone has to tell us any different. In fact, I don’t even believe the CBI or the GOI knows just when the reinstatement will occur either. Do they have an idea and a target? Of course they do.
7-26-2018 Newshound Guru Kaperoni The CBI has done a great job the last few months reducing the spread to get within compliance of the IMF and continuing to maintain it. We are now about a 110 days 2% or below.
7-26-2018 Newshound/Intel Guru Mnt Goat But what will the new government look like? This is literally their LAST chance at getting it right. This election cycle is pivotal to Iraq and potential investors. So yes, we may have to wait a bit longer but with rising oil prices and for them to clean house with all this corruption but this will assure that we get even a higher rate on the exchange. With the Iranian oil embargo and other sanctions and the exposure of all these corrupt officials, this is going to drive the price of oil upwards. Some say as much as $100-$120 a barrel again. Remember someone has to supply oil to these developed nations. If not Iran then who? Are they setting up Iraq to do it in the near future? [post 3 of 3]
7-26-2018 Newshound/Intel Guru Mnt Goat ISIS is done but the elections creeped upon us. Again, more opportunity to create more instability. But we know this is all being controlled and orchestrated for a reason. Yes, they have to take the bullet sometime and they decided that this election cycle they would finally clean up these corrupt politicians. ...Now the PTB are going to drive up the price of oil again and are lining up other events to make this happen. Is Iraq going to squander this opportunity again? Folks they are creating yet another opportunity for Iraq. ...I still stand firm to this conviction that this is when the reinstatement will occur and not before. This is why they are stalling the ratification of the elections because they know that once this is done they will have to move swiftly to the next step, which is the formation of the new government and the reinstatement of the currency. [post 2 of 3....stay tuned]
7-26-2018 Newshound/Intel Guru Mnt Goat ...I have said that the CBI and GOI are working together to ensure that the corruption is first cleaned up prior to any reinstatement. Yes, reinstatement not a revaluation. They are not about to unleash the new currency and new rate without assurances the currency will not crash and that the wealth from this currency will not be stolen or squandered...Again, we know that way back in 2012-2013 they had a golden opportunity to reinstate as everything lined up (was made to line up) and due to the corruption, it was passed by. Then came ISIS…and so we had to wait years to clean this up. [post 1 of 3....stay tuned]
7-26-2018 Guest Guru Bloodloch ...I'm going to guess that some prognosticators of dinar trends may be reading more than intended into the IMF demand that they seat their government before funds become available again, equating "seat the government" with "revalue the dinar exchange rate". However that ultimately turns out, it does sound like the IMF is losing patience, and to what end I do tend to wonder. It does seem like some conclusion or end game may be at hand, and the world grows weary of waiting for Iraq to get their act together.
7-26-2018 Intel Guru Bruce So you got the rates populating. You got the CBI connecting... You got the Forex... I just think we are in a very good place for what is going on. ...We are in a crucial timing right now. I have heard some things that lead me to believe we are right there, really right there. I am not calling it now. I am telling you things are very close.
7-26-2018 Newshound Guru Breitling I haven’t seen anything negative. Zero. Zip. Nothing. Nada. People were kind of in a panic because of the elections and stuff and the protests…but the country is still 70% Shia so nothing is going to change in the end…The numbers are for the Shia. And it’s going to stay that way…
7-26-2018 Newshound Guru Kaperoni ...the IMF is in control when they signed the Stand by Agreement back in 2015 giving them trustee over the CBI. There is no RV or RI ...only a gradual appreciation via a float.
7-26-2018 Newshound Guru chattels Article: "Dollar and gold exchange rates in Iraq on Wednesday" Quote: "The exchange rate of the dollar, on Wednesday, stabilized against the dinar in the local currency market. According to the figures for "trend", the price of selling the dollar in Baghdad today was 119 thousand and 250 dinars and the purchase price 120 thousand 250 dinars compared to $ 100." CBI appears to be maintaining compliance with the 2% variance between the Official / Parallel Market Rate although the auction volume has been elevated perhaps in an effort to so maintain by balancing supply demand on the dollar. [NOTE: You can always see the CBI's official and market rate is listed on the left side of this page.]
7-26-2018 Newshound/Intel Guru Mnt Goat But what will the new government look like? This is literally their LAST chance at getting it right. This election cycle is pivotal to Iraq and potential investors. So yes, we may have to wait a bit longer but with rising oil prices and for them to clean house with all this corruption but this will assure that we get even a higher rate on the exchange. With the Iranian oil embargo and other sanctions and the exposure of all these corrupt officials, this is going to drive the price of oil upwards. Some say as much as $100-$120 a barrel again. Remember someone has to supply oil to these developed nations. If not Iran then who? Are they setting up Iraq to do it in the near future? [post 3 of 3]
7-26-2018 Newshound/Intel Guru Mnt Goat ISIS is done but the elections creeped upon us. Again, more opportunity to create more instability. But we know this is all being controlled and orchestrated for a reason. Yes, they have to take the bullet sometime and they decided that this election cycle they would finally clean up these corrupt politicians. ...Now the PTB are going to drive up the price of oil again and are lining up other events to make this happen. Is Iraq going to squander this opportunity again? Folks they are creating yet another opportunity for Iraq. ...I still stand firm to this conviction that this is when the reinstatement will occur and not before. This is why they are stalling the ratification of the elections because they know that once this is done they will have to move swiftly to the next step, which is the formation of the new government and the reinstatement of the currency. [post 2 of 3....stay tuned]
7-26-2018 Newshound/Intel Guru Mnt Goat ...I have said that the CBI and GOI are working together to ensure that the corruption is first cleaned up prior to any reinstatement. Yes, reinstatement not a revaluation. They are not about to unleash the new currency and new rate without assurances the currency will not crash and that the wealth from this currency will not be stolen or squandered...Again, we know that way back in 2012-2013 they had a golden opportunity to reinstate as everything lined up (was made to line up) and due to the corruption, it was passed by. Then came ISIS…and so we had to wait years to clean this up. [post 1 of 3....stay tuned]
7-26-2018 Guest Guru Bloodloch ...I'm going to guess that some prognosticators of dinar trends may be reading more than intended into the IMF demand that they seat their government before funds become available again, equating "seat the government" with "revalue the dinar exchange rate". However that ultimately turns out, it does sound like the IMF is losing patience, and to what end I do tend to wonder. It does seem like some conclusion or end game may be at hand, and the world grows weary of waiting for Iraq to get their act together.
7-26-2018 Intel Guru Bruce So you got the rates populating. You got the CBI connecting... You got the Forex... I just think we are in a very good place for what is going on. ...We are in a crucial timing right now. I have heard some things that lead me to believe we are right there, really right there. I am not calling it now. I am telling you things are very close.
7-26-2018 Newshound Guru Breitling I haven’t seen anything negative. Zero. Zip. Nothing. Nada. People were kind of in a panic because of the elections and stuff and the protests…but the country is still 70% Shia so nothing is going to change in the end…The numbers are for the Shia. And it’s going to stay that way…
7-26-2018 Newshound Guru Kaperoni ...the IMF is in control when they signed the Stand by Agreement back in 2015 giving them trustee over the CBI. There is no RV or RI ...only a gradual appreciation via a float.
7-26-2018 Newshound Guru chattels Article: "Dollar and gold exchange rates in Iraq on Wednesday" Quote: "The exchange rate of the dollar, on Wednesday, stabilized against the dinar in the local currency market. According to the figures for "trend", the price of selling the dollar in Baghdad today was 119 thousand and 250 dinars and the purchase price 120 thousand 250 dinars compared to $ 100." CBI appears to be maintaining compliance with the 2% variance between the Official / Parallel Market Rate although the auction volume has been elevated perhaps in an effort to so maintain by balancing supply demand on the dollar. [NOTE: You can always see the CBI's official and market rate is listed on the left side of this page.]
7-25-2018 Guest Guru Bloodloch We're in a bit of limbo right now while waiting for Iraq to complete their election recount (reports are they are getting close), their federal court to certify those results (which should happen in fairly short order after the recounts), and the new government to be seated (which should theoretically happen almost instantly once the court certification is released). Some say that seating the new government is not necessary for a currency revaluation, but the CBI has stated that "stability" is one of the key elements (the other being "security") to moving ahead with the deletion of the 3 zeroes project. Stability, some claim, is intrinsically connected to removing the corruption associated with the currency auctions, and so that brings us back around again to the need to seat the new government and remove a large portion of corrupt politicians who, in losing their re-election, will lose their immunity from prosecution the moment they are declared no longer a part of the government. Unsubstantiated reports are that some of those "losing" politicians have already started fleeing the country. I remain cautiously skeptical, but we shall see. All we can do for now is to wait...
7-25-2018 Newshound/Guru Adam Montana It's the progress we've been waiting for! Nothing could be more confidence-inspiring than the situation we are currently witnessing... heck, I think our United States presidential elections had more accusations of fraud than this recent Iraqi process! Due to the smoothness of this transitionary period, the PTB have been able to continue solid work negotiating with all of the components that make up the HCL. Where we could have seen delays, and the "where is my RV Tuesday?!" crowd will certainly argue that we are seeing nothing BUT delays, I disagree. What we are witnessing is a steady march towards success. The first week of August will be very telling. [post 2 of 2]
7-25-2018 Newshound Guru Adam Montana Dinar news has been slow this week... My best sources are in agreement on a couple things...The recent GOI election results should be confirmed as soon as the end of the month. The important part of this process is the manner in which it is being done. Most election cycles in Iraq, over the last decade or so, have been wrought with claims of fraud, lawsuits, objections, and never-ending delays. We are seeing a much different landscape this time around! Results are being confirmed, district by district, with claims of 100% accuracy. That is unprecedented! For Iraq to make it through this kind of democratic process with no major fires or upsets is fantastic to see. [post 1 of 2....stay tuned]
7-25-2018 Newshound Guru Breitling …there’s so much going on I don’t think I’ve gotten this much email ever since I’ve been doing this…! It’s kind of exciting…It’s nice to see people recognize what’s going on…there is not a war for control over Iraq. That’s done. The United States did it’s job. We went in there…through two wars, we stopped the Petro dollar from forming. We stopped Saddam Hussein from selling oil for the Petro dollar so we got rid of that competition. We literally changed out the government and put in a new government…those are all successes. That was our aim and that’s what we did…Iraq was a threat to the United States and the U.S. dollar. Are they a threat to the United States and the U.S. dollar now? No. They depend on the U.S. dollar…that’s how you measure things.
7-25-2018 Newshound/Intel Guru Mnt Goat UPDATE ON THE ONGOING ELECTION SAGA...Former MP Zana Said he expected the completion of all procedures related to manual recounting of Iraq's parliamentary elections' votes by mid next month (mid August). ...The Electoral Commission of the judges, announced on Sunday, the start of the scientific counting and sorting in Babil province which they have not yet told us is complete. So that now makes 16 completed and 1 in process. More than double from the original 7 provinces they had legitimate filed complaints of voter fraud. So, the only conclusion a sound and reasonable person should make is they are added provinces at will to stall as long as they can. This is their game.
7-25-2018 Intel Guru Bruce ...What I am saying is we are in a window of opportunity now having the IMF put on notice to no longer give Iraq any loans or funds until after they make the announcement. What is the timing looking like? The timing is looking good for a morning announcement in Iraq which would be a late announcement tonight because Wednesday is the day Iraq normally publishes the Gazette. ...That very well may be their plan. They have been cut off. Get this thing done... [post 2 of 2]
7-25-2018 Intel Guru Bruce The IMF has been giving Iraq funds/loans for months now...Finally yesterday [Monday]... President Trump made a call to the IMF and told them not to do any more loans or funds to Iraq. They need to get off the snide and go ahead and RV their currency officially not just in Iraq, not just on their Qi cards. Go ahead and do it so that it is put out an announcement with the rate and then they will not need IMF funds anymore. ...However, the IMF is holding an amount for Iraq over $5Billion dollars that is gaining interest in the $4 million plus range a day range now, but they are not going to get it until after they revalue or announce the revaluation. [post 1 of 2....stay tuned]
7-25-2018 Newshound Guru chattels Article: "UNHCR: Completion of counting and sorting the results of Najaf" One recent news report says " early August " for completion of the election vote manual recount. Then we await Judicial ratification.
7-25-2018 Newshound/Guru Adam Montana It's the progress we've been waiting for! Nothing could be more confidence-inspiring than the situation we are currently witnessing... heck, I think our United States presidential elections had more accusations of fraud than this recent Iraqi process! Due to the smoothness of this transitionary period, the PTB have been able to continue solid work negotiating with all of the components that make up the HCL. Where we could have seen delays, and the "where is my RV Tuesday?!" crowd will certainly argue that we are seeing nothing BUT delays, I disagree. What we are witnessing is a steady march towards success. The first week of August will be very telling. [post 2 of 2]
7-25-2018 Newshound Guru Adam Montana Dinar news has been slow this week... My best sources are in agreement on a couple things...The recent GOI election results should be confirmed as soon as the end of the month. The important part of this process is the manner in which it is being done. Most election cycles in Iraq, over the last decade or so, have been wrought with claims of fraud, lawsuits, objections, and never-ending delays. We are seeing a much different landscape this time around! Results are being confirmed, district by district, with claims of 100% accuracy. That is unprecedented! For Iraq to make it through this kind of democratic process with no major fires or upsets is fantastic to see. [post 1 of 2....stay tuned]
7-25-2018 Newshound Guru Breitling …there’s so much going on I don’t think I’ve gotten this much email ever since I’ve been doing this…! It’s kind of exciting…It’s nice to see people recognize what’s going on…there is not a war for control over Iraq. That’s done. The United States did it’s job. We went in there…through two wars, we stopped the Petro dollar from forming. We stopped Saddam Hussein from selling oil for the Petro dollar so we got rid of that competition. We literally changed out the government and put in a new government…those are all successes. That was our aim and that’s what we did…Iraq was a threat to the United States and the U.S. dollar. Are they a threat to the United States and the U.S. dollar now? No. They depend on the U.S. dollar…that’s how you measure things.
7-25-2018 Newshound/Intel Guru Mnt Goat UPDATE ON THE ONGOING ELECTION SAGA...Former MP Zana Said he expected the completion of all procedures related to manual recounting of Iraq's parliamentary elections' votes by mid next month (mid August). ...The Electoral Commission of the judges, announced on Sunday, the start of the scientific counting and sorting in Babil province which they have not yet told us is complete. So that now makes 16 completed and 1 in process. More than double from the original 7 provinces they had legitimate filed complaints of voter fraud. So, the only conclusion a sound and reasonable person should make is they are added provinces at will to stall as long as they can. This is their game.
7-25-2018 Intel Guru Bruce ...What I am saying is we are in a window of opportunity now having the IMF put on notice to no longer give Iraq any loans or funds until after they make the announcement. What is the timing looking like? The timing is looking good for a morning announcement in Iraq which would be a late announcement tonight because Wednesday is the day Iraq normally publishes the Gazette. ...That very well may be their plan. They have been cut off. Get this thing done... [post 2 of 2]
7-25-2018 Intel Guru Bruce The IMF has been giving Iraq funds/loans for months now...Finally yesterday [Monday]... President Trump made a call to the IMF and told them not to do any more loans or funds to Iraq. They need to get off the snide and go ahead and RV their currency officially not just in Iraq, not just on their Qi cards. Go ahead and do it so that it is put out an announcement with the rate and then they will not need IMF funds anymore. ...However, the IMF is holding an amount for Iraq over $5Billion dollars that is gaining interest in the $4 million plus range a day range now, but they are not going to get it until after they revalue or announce the revaluation. [post 1 of 2....stay tuned]
7-25-2018 Newshound Guru chattels Article: "UNHCR: Completion of counting and sorting the results of Najaf" One recent news report says " early August " for completion of the election vote manual recount. Then we await Judicial ratification.
7-24-2018 Newshound Guru chattels Article: "Expectations to declare the results of manual counting early next August" Completion of the manual recount does not necessarily equate to ratification by the court. Any appeals must be ruled upon following the recount before ratification by the Court and then the Constitutional timeline(s) begin regarding formation of a new government.
7-24-2018 Intel Guru Frank26 [via Sampson] Article: "An official source : stop the program of credit readiness between Iraq and the International Monetary Fund" Quote: "An official source in the Iraqi government, stop the program of credit readiness signed by Iraq and the International Monetary Fund in 2015 until the formation of the next government" ...this article means that the IMF is stopping all funding to Iraq which means they will have to raise their rate and stop the auctions.
7-24-2018 Newshound/Intel Guru BGG Article: "An official source for «Economy News»: stop the program of credit readiness between Iraq and the International Monetary Fund" Quote: "An official source in the Iraqi government, stop the program of credit readiness signed by Iraq and the International Monetary Fund in 2015 until the formation of the next government." Looks like to me, the IMF isn’t impressed with this delay business either. They are putting a hold on things until they get the new government formed. Hmmmm?!?
7-24-2018 Newshound Guru Don961 Article: "Comprehensive economic reform and the involvement of the private sector in the next government is the solution to the problems of Iraq...22nd July, 2018 by Samir Nusairi" Our friend Mr. N. Says some currency speculators had a plan to manipulate the exchange rate to their own advantage...By publishing fake news .. Making disparaging remarks about the CBI's work to steady the exchange rate...keeping the 2% compliance, following IMF/UST guidelines...And even exploiting the demonstrations by saying the rate would tumble in all the chaos...But it seems the good guys have a handle on things...
7-24-2018 Newshound Guru MilitiaMan Articles: "Kurdistan and America agree to further strengthen the relationship" "Revealing the reasons for the visit of the Saudi delegation to Kurdistan: include a future step" "The Iraqi Trade Bank announces the opening of a branch in Saudi Arabia" These articles are interestingly enough related to deals, contracts, movement of capital. The stage is being set for what is to come to Iraq that has already been in the pipelines...WE know ...pressure to seat the GOV and...where the Kurds are gearing for t meet for that purpose in Baghdad if I recall that correctly in the very short term, as the pressure by the IMF is quite clear now...The articles supporting calm in the streets is being seen, talk of significant amounts of money for projects from the MOF and approved by Abadi being implemented...So, all this being part of the bigger picture, sure looks good ~ imo... Nothing suggests to me we are in a time frame where progress is not fully underway for the main event...
7-24-2018 Intel Guru Frank26 [via Sampson] Article: "An official source : stop the program of credit readiness between Iraq and the International Monetary Fund" Quote: "An official source in the Iraqi government, stop the program of credit readiness signed by Iraq and the International Monetary Fund in 2015 until the formation of the next government" ...this article means that the IMF is stopping all funding to Iraq which means they will have to raise their rate and stop the auctions.
7-24-2018 Newshound/Intel Guru BGG Article: "An official source for «Economy News»: stop the program of credit readiness between Iraq and the International Monetary Fund" Quote: "An official source in the Iraqi government, stop the program of credit readiness signed by Iraq and the International Monetary Fund in 2015 until the formation of the next government." Looks like to me, the IMF isn’t impressed with this delay business either. They are putting a hold on things until they get the new government formed. Hmmmm?!?
7-24-2018 Newshound Guru Don961 Article: "Comprehensive economic reform and the involvement of the private sector in the next government is the solution to the problems of Iraq...22nd July, 2018 by Samir Nusairi" Our friend Mr. N. Says some currency speculators had a plan to manipulate the exchange rate to their own advantage...By publishing fake news .. Making disparaging remarks about the CBI's work to steady the exchange rate...keeping the 2% compliance, following IMF/UST guidelines...And even exploiting the demonstrations by saying the rate would tumble in all the chaos...But it seems the good guys have a handle on things...
7-24-2018 Newshound Guru MilitiaMan Articles: "Kurdistan and America agree to further strengthen the relationship" "Revealing the reasons for the visit of the Saudi delegation to Kurdistan: include a future step" "The Iraqi Trade Bank announces the opening of a branch in Saudi Arabia" These articles are interestingly enough related to deals, contracts, movement of capital. The stage is being set for what is to come to Iraq that has already been in the pipelines...WE know ...pressure to seat the GOV and...where the Kurds are gearing for t meet for that purpose in Baghdad if I recall that correctly in the very short term, as the pressure by the IMF is quite clear now...The articles supporting calm in the streets is being seen, talk of significant amounts of money for projects from the MOF and approved by Abadi being implemented...So, all this being part of the bigger picture, sure looks good ~ imo... Nothing suggests to me we are in a time frame where progress is not fully underway for the main event...
7-23-2018 Newshound/Intel Guru Walkingstick ...no delays, hiccups and or setbacks... We read exactly what they wish to divulge... We read, of events... expected, and their end result/s factored in ... timing/ timeline/s etc:.. All, necessary for reason/s ... It is, unfolding... before, our very eyes ...
7-23-2018 Newshound Guru chattels Article quote: "The total amount sold amounted to 199 million and 145 thousand and 458 dollars with the participation of 33 banks..." Relatively high(er) volume in sales of the dollar in Iraq have arguably reflected the CBI's effort to maintain a low variance between the official and parallel market rate. The sale from yesterday is almost 50 million higher than " usual ". Arguably another adverse effect of the protests.
7-23-2018 Intel Guru Frank26 Article: “The demonstrations are pushing more than 350 Iraqi politicians to leave Iraq with their families in the past few days” We told you that very soon the corrupt politicians would run like cockroaches and now you see the evidence of one of the things that I did not want to talk about .
7-23-2018 Newshound/Intel Guru BGG […if you think about it’s a very small % of the world population owns dinar…not even 1%…] ...ownership is a LOT LESS than 1%. I would be in shock if the number were anywhere close to 1/10th of ONE PERCENT.
7-23-2018 Newshound/Intel Guru Mnt Goat ...Do you seriously think the IMF is going to approve the reinstatement of the currency and put all this wealth in the hands of a dysfunctional govt? The GOI is shutting off the internet, the cell phone service, etc, but you think they are going to launch the reinstatement of the dinar? ...On top of it all we are now seeing massive unrest and demands from the protestors. ...The reinstatement is NOT going anywhere until this government is formed... ...So, am I saying it will instantly reinstate once the govt is formed (maybe two months from now)? NO, I am not but the earliest chance we have is after parliament comes back in session and the new PM is announced...Could this change? Yes, but for now we listen to what they are saying... I have had a long talk with my CBI contact and they are telling me exactly what I am bringing you today... [post 2 of 2]
7-23-2018 Newshound/Intel Guru Mnt Goat Articles: "STOP THE PROGRAM OF CREDIT READINESS SIGNED BY IRAQ AND THE INTERNATIONAL MONETARY FUND IN 2015" "SUSPENSION OF LATEST SBA BY IMF DUE TO ELECTIONS AND LACK OF PARLIAMENT" Quote: "The SBA (stand-by-agreement) and the International Monetary Fund (IMF) signed in July 2016 are almost SUSPENDED BECAUSE OF THE ELECTIONS AND THE START OF A NEW PARLIAMENT..." I am presenting a couple very important articles to you today... These articles are about the IMF cutting off the line of credit and even stopping the next payments on the already existing SBA from 2016...cutting off all credit worthiness to Iraq under the 2015 and 2016 Stand by Agreement...WOW! So, if the IMF cuts off Iraq’s credit under the SBA do you really think there is INSTABILITY in the government worthy for an RV? [post 1 of 2....stay tuned]
7-23-2018 Newshound Guru Don961 Article: "An official source: stop the program of credit readiness between Iraq and the International Monetary Fund" This may get the politicians off their booties, cease the bickering...and get the new government seated asap...When their salaries are threatened for lack of funds, it could be the motivation they need to get moving...Another motivation...The citizens have had enough political shenanigans...Imo
7-23-2018 Guest Guru BobTheTaxMan …This is how this works [A Back-door Roth]. If your income is excessive and is beyond the limitations of what’s allowable for a Roth you can contribute to an ordinary IRA…you make your contribution of $5,500 to $6,500 then you do an immediate conversion from that to the Roth. It’s called a back door Roth…Tuesday of last week the IRS came out and said that’s ok, we’re not going to look at that anymore. So Yah! That’s another opportunity. {Information here is for information purposes ONLY! Nothing you learn here should be considered tax advice - seek consultation with a tax professional.} [Post 3 of 3]
7-23-2018 Guest Guru BobTheTaxMan …If you have not yet done a Roth account with dinar, you want to seriously look at it. Particularly since we are approaching the time now that it appears we are going to have some forward movement on this thing…the way that a Roth account works is - there is no age limitation like there is with an IRA…Limitation - {the seed money contribution} must be active earned. $5,500 to 6,500 a year contribution…You can’t take it out until you’re 59 and a half AND it has to age for 5 years. For some…they simply make too much money, they can’t contribute to it [Single: Can’t make more than $97,000/year]. Something I want to share with you is what’s called a back door Roth… {Information here is for information purposes ONLY! Nothing you learn here should be considered tax advice - seek consultation with a tax professional.} [Post 2 of 3]
7-23-2018 Guest Guru BobTheTaxMan Understanding retirement accounts - What I found…is the majority of the people have a retirement account that came from a previous employment, that they don’t fully understand. Whether it’s a 401K or some sort of employee provided option. They don’t understand how IRA’s work. They don’t understand what a Roth is…out of all the retirement options that are available, The Roth is the one I invite you to take the closest look to…Roth…you pay taxes on the seed money that goes into the retirement account…that has already been taxed, so any growth that comes in this retirement account is going to be tax free… {This is NOT tax advice and is for information purposes ONLY! Nothing you learn here should be considered tax advice - seek consultation with a tax and investment professional.} [Post 1 of 3]
7-23-2018 Newshound Guru Kaperoni ...currency reform is a process not an overnight event and for the dinar to go up in value it's going to be a float that appreciates based on supply and demand... I do believe Iraq is trying to create momentum for a private sector. They have signed a lot of contracts and then stated that a lot of investors are ready to come in to Iraq to participate in the rebuilding but can they get over the hump and actually implement? One thing is certain the protesters aren't going to wait much longer, they want jobs, they want an income, they want to start to rebuild and they want to see their families begin to be successful.
7-23-2018 Newshound Guru chattels Article quote: "The total amount sold amounted to 199 million and 145 thousand and 458 dollars with the participation of 33 banks..." Relatively high(er) volume in sales of the dollar in Iraq have arguably reflected the CBI's effort to maintain a low variance between the official and parallel market rate. The sale from yesterday is almost 50 million higher than " usual ". Arguably another adverse effect of the protests.
7-23-2018 Intel Guru Frank26 Article: “The demonstrations are pushing more than 350 Iraqi politicians to leave Iraq with their families in the past few days” We told you that very soon the corrupt politicians would run like cockroaches and now you see the evidence of one of the things that I did not want to talk about .
7-23-2018 Newshound/Intel Guru BGG […if you think about it’s a very small % of the world population owns dinar…not even 1%…] ...ownership is a LOT LESS than 1%. I would be in shock if the number were anywhere close to 1/10th of ONE PERCENT.
7-23-2018 Newshound/Intel Guru Mnt Goat ...Do you seriously think the IMF is going to approve the reinstatement of the currency and put all this wealth in the hands of a dysfunctional govt? The GOI is shutting off the internet, the cell phone service, etc, but you think they are going to launch the reinstatement of the dinar? ...On top of it all we are now seeing massive unrest and demands from the protestors. ...The reinstatement is NOT going anywhere until this government is formed... ...So, am I saying it will instantly reinstate once the govt is formed (maybe two months from now)? NO, I am not but the earliest chance we have is after parliament comes back in session and the new PM is announced...Could this change? Yes, but for now we listen to what they are saying... I have had a long talk with my CBI contact and they are telling me exactly what I am bringing you today... [post 2 of 2]
7-23-2018 Newshound/Intel Guru Mnt Goat Articles: "STOP THE PROGRAM OF CREDIT READINESS SIGNED BY IRAQ AND THE INTERNATIONAL MONETARY FUND IN 2015" "SUSPENSION OF LATEST SBA BY IMF DUE TO ELECTIONS AND LACK OF PARLIAMENT" Quote: "The SBA (stand-by-agreement) and the International Monetary Fund (IMF) signed in July 2016 are almost SUSPENDED BECAUSE OF THE ELECTIONS AND THE START OF A NEW PARLIAMENT..." I am presenting a couple very important articles to you today... These articles are about the IMF cutting off the line of credit and even stopping the next payments on the already existing SBA from 2016...cutting off all credit worthiness to Iraq under the 2015 and 2016 Stand by Agreement...WOW! So, if the IMF cuts off Iraq’s credit under the SBA do you really think there is INSTABILITY in the government worthy for an RV? [post 1 of 2....stay tuned]
7-23-2018 Newshound Guru Don961 Article: "An official source: stop the program of credit readiness between Iraq and the International Monetary Fund" This may get the politicians off their booties, cease the bickering...and get the new government seated asap...When their salaries are threatened for lack of funds, it could be the motivation they need to get moving...Another motivation...The citizens have had enough political shenanigans...Imo
7-23-2018 Guest Guru BobTheTaxMan …This is how this works [A Back-door Roth]. If your income is excessive and is beyond the limitations of what’s allowable for a Roth you can contribute to an ordinary IRA…you make your contribution of $5,500 to $6,500 then you do an immediate conversion from that to the Roth. It’s called a back door Roth…Tuesday of last week the IRS came out and said that’s ok, we’re not going to look at that anymore. So Yah! That’s another opportunity. {Information here is for information purposes ONLY! Nothing you learn here should be considered tax advice - seek consultation with a tax professional.} [Post 3 of 3]
7-23-2018 Guest Guru BobTheTaxMan …If you have not yet done a Roth account with dinar, you want to seriously look at it. Particularly since we are approaching the time now that it appears we are going to have some forward movement on this thing…the way that a Roth account works is - there is no age limitation like there is with an IRA…Limitation - {the seed money contribution} must be active earned. $5,500 to 6,500 a year contribution…You can’t take it out until you’re 59 and a half AND it has to age for 5 years. For some…they simply make too much money, they can’t contribute to it [Single: Can’t make more than $97,000/year]. Something I want to share with you is what’s called a back door Roth… {Information here is for information purposes ONLY! Nothing you learn here should be considered tax advice - seek consultation with a tax professional.} [Post 2 of 3]
7-23-2018 Guest Guru BobTheTaxMan Understanding retirement accounts - What I found…is the majority of the people have a retirement account that came from a previous employment, that they don’t fully understand. Whether it’s a 401K or some sort of employee provided option. They don’t understand how IRA’s work. They don’t understand what a Roth is…out of all the retirement options that are available, The Roth is the one I invite you to take the closest look to…Roth…you pay taxes on the seed money that goes into the retirement account…that has already been taxed, so any growth that comes in this retirement account is going to be tax free… {This is NOT tax advice and is for information purposes ONLY! Nothing you learn here should be considered tax advice - seek consultation with a tax and investment professional.} [Post 1 of 3]
7-23-2018 Newshound Guru Kaperoni ...currency reform is a process not an overnight event and for the dinar to go up in value it's going to be a float that appreciates based on supply and demand... I do believe Iraq is trying to create momentum for a private sector. They have signed a lot of contracts and then stated that a lot of investors are ready to come in to Iraq to participate in the rebuilding but can they get over the hump and actually implement? One thing is certain the protesters aren't going to wait much longer, they want jobs, they want an income, they want to start to rebuild and they want to see their families begin to be successful.
7-22-2018 Newshound Guru Breitling …the dinar is going to revalue…Iraq is active. Regardless of what’s going on out there with Iran, United States and Russia and all that stuff they are moving forward.
7-22-2018 Newshound Guru Whitelions ...if you think about it's a very small % of the world population owns dinar...not even 1%...we just think there is a lot because we live in dinar land and we think it's bigger than it is, and that is by the cbi estimates.
7-22-2018 Intel Guru Frank26 Article: "Start connecting Internet providers to international access portals" Quote: "work is under way to complete the linking of the other capacities to be included in the system, in order to improve and raise the level of services provided to citizens." Seriously family just stop and think about it...connecting Iraq to international portals???!!! COME ON!!!
7-22-2018 Newshound/Intel Guru Mnt Goat Article: "ZEINAB AL-KHAZRAJI SPEAKS OUT FOR DHI QAR ZEINAB PROVINCE DEMANDS" ...so we can see that the protesting is opening the “can of worms” and once opened other issues are now surfacing and demands are going to get greater and greater on the govt to resolve all these opened issues. Is this what they really want?"
7-22-2018 Intel Guru Jester I DID TALK TO THE WOLF [Guru Redwolf] THURSDAY I BELIEVE IT WAS... HIS GUYS ARE THINKING THINGS ARE LOOKING CLOSER AND CLOSER...WE WILL NEVER KNOW A DATE AHEAD OF TIME...[Guru] MARKZ IS LOOKING TOO... HEARING ANY TIME NOW... BUT HE GETS THAT A LOT BECAUSE HE IS ON THE EDGE OF IT HAVING TO BE READY JUST ABOUT ALL THE TIME...
7-22-2018 Newshound/Intel Guru Mnt Goat Article: "ALI AL-ALAQ, THE CONTINUATION OF THE IRAQI DINAR TO MAINTAIN ITS STRENGTH AGAINST THE DOLLAR" Alaq is telling the govt and citizens he is still ready to move on the “project to delete the zeros” whenever they get this election mess straightened out. WOW! 2 articles in one week from the CBI on the strength of the dinar? Something is going on..
7-22-2018 Newshound Guru Whitelions I believe and mind you it's my belief...that it has to be a little over Kuwait and very close to Saudi Arabia ...so we figure 3.60 to 3.80 because they have to be able to run the country and compete with the market in the world as well...even if they just reinstate it, it will be over 3.00... and NO FLOAT...
7-22-2018 Newshound Guru chattels Article: "Economic expert: interruption of the Internet creates an unstable environment for investment" The internet disruption is a result of the protesting and civil strife.
7-22-2018 Newshound Guru Whitelions ...if you think about it's a very small % of the world population owns dinar...not even 1%...we just think there is a lot because we live in dinar land and we think it's bigger than it is, and that is by the cbi estimates.
7-22-2018 Intel Guru Frank26 Article: "Start connecting Internet providers to international access portals" Quote: "work is under way to complete the linking of the other capacities to be included in the system, in order to improve and raise the level of services provided to citizens." Seriously family just stop and think about it...connecting Iraq to international portals???!!! COME ON!!!
7-22-2018 Newshound/Intel Guru Mnt Goat Article: "ZEINAB AL-KHAZRAJI SPEAKS OUT FOR DHI QAR ZEINAB PROVINCE DEMANDS" ...so we can see that the protesting is opening the “can of worms” and once opened other issues are now surfacing and demands are going to get greater and greater on the govt to resolve all these opened issues. Is this what they really want?"
7-22-2018 Intel Guru Jester I DID TALK TO THE WOLF [Guru Redwolf] THURSDAY I BELIEVE IT WAS... HIS GUYS ARE THINKING THINGS ARE LOOKING CLOSER AND CLOSER...WE WILL NEVER KNOW A DATE AHEAD OF TIME...[Guru] MARKZ IS LOOKING TOO... HEARING ANY TIME NOW... BUT HE GETS THAT A LOT BECAUSE HE IS ON THE EDGE OF IT HAVING TO BE READY JUST ABOUT ALL THE TIME...
7-22-2018 Newshound/Intel Guru Mnt Goat Article: "ALI AL-ALAQ, THE CONTINUATION OF THE IRAQI DINAR TO MAINTAIN ITS STRENGTH AGAINST THE DOLLAR" Alaq is telling the govt and citizens he is still ready to move on the “project to delete the zeros” whenever they get this election mess straightened out. WOW! 2 articles in one week from the CBI on the strength of the dinar? Something is going on..
7-22-2018 Newshound Guru Whitelions I believe and mind you it's my belief...that it has to be a little over Kuwait and very close to Saudi Arabia ...so we figure 3.60 to 3.80 because they have to be able to run the country and compete with the market in the world as well...even if they just reinstate it, it will be over 3.00... and NO FLOAT...
7-22-2018 Newshound Guru chattels Article: "Economic expert: interruption of the Internet creates an unstable environment for investment" The internet disruption is a result of the protesting and civil strife.
7-21-2018 Newshound Guru Whitelions I don't know how close we are but I do know the demonstrations are good to speed up change we need...
7-21-2018 Newshound Guru Don961 [I thought Shabibi said it has to happen At the beginning of the year, or the end Of the year. If the RI unofficially occurred in March will the retro to January 2018. IMPLEMENTING the budget in it's entirety.] IMO .. Why does this timing need to be so rigid? .. Understand the logistical advantage of start of a year...But could there not also be adjustments to "rules,"...Under extenuating circumstances...Some variances allowed? ...Not everything in the world is cookie cutter...Or comes out of a box from a factory...Things change out of necessity sometimes...
7-21-2018 Newshound Guru Adam Montana [I am still puzzled by the loans Iraq keeps getting. Is this a possible Indicator that an RV/RI is a little further away than we/I suspect? If all it would take is an RV than why the loans?] I don't think so. I think they are going to keep taking these freebie loans as long and as much as possible, especially pre-RV. Post-RV, their "eligibility" will be different, but it will not affect their repayment obligations. I call that "smart business".
7-21-2018 Newshound Guru Kaperoni ...Delaying any formation of the government does not benefit anybody and formation of the government helps move the agenda and economic policies forward.
7-21-2018 Newshound/Intel Guru Mnt Goat Article: "CONTROL THE FLOW OF FOREIGN CURRENCY (NAMELY, US DOLLARS) ISSUED BY THE CENTRAL BANK" Quotes: "The central bank was able during this year to strengthen foreign currency reserves to more than fifty five billion dollars..." "The success of the Central Bank in the management of foreign currency and reserves was the result of a number of important steps taken by adopting a new method in the management of foreign reserves through self-management, where the bank performs the renewal of deposits and currency conversion itself according to the latest international practices in this area." ...sounds like the CBI is ready to go to the next step if you ask me. When will this occur? They need to see this election re-counting mess completed and the govt formed. These protesters are not going to help the situation and may only delay the reinstatement even more.
7-21-2018 Newshound Guru Don961 [I thought Shabibi said it has to happen At the beginning of the year, or the end Of the year. If the RI unofficially occurred in March will the retro to January 2018. IMPLEMENTING the budget in it's entirety.] IMO .. Why does this timing need to be so rigid? .. Understand the logistical advantage of start of a year...But could there not also be adjustments to "rules,"...Under extenuating circumstances...Some variances allowed? ...Not everything in the world is cookie cutter...Or comes out of a box from a factory...Things change out of necessity sometimes...
7-21-2018 Newshound Guru Adam Montana [I am still puzzled by the loans Iraq keeps getting. Is this a possible Indicator that an RV/RI is a little further away than we/I suspect? If all it would take is an RV than why the loans?] I don't think so. I think they are going to keep taking these freebie loans as long and as much as possible, especially pre-RV. Post-RV, their "eligibility" will be different, but it will not affect their repayment obligations. I call that "smart business".
7-21-2018 Newshound Guru Kaperoni ...Delaying any formation of the government does not benefit anybody and formation of the government helps move the agenda and economic policies forward.
7-21-2018 Newshound/Intel Guru Mnt Goat Article: "CONTROL THE FLOW OF FOREIGN CURRENCY (NAMELY, US DOLLARS) ISSUED BY THE CENTRAL BANK" Quotes: "The central bank was able during this year to strengthen foreign currency reserves to more than fifty five billion dollars..." "The success of the Central Bank in the management of foreign currency and reserves was the result of a number of important steps taken by adopting a new method in the management of foreign reserves through self-management, where the bank performs the renewal of deposits and currency conversion itself according to the latest international practices in this area." ...sounds like the CBI is ready to go to the next step if you ask me. When will this occur? They need to see this election re-counting mess completed and the govt formed. These protesters are not going to help the situation and may only delay the reinstatement even more.
7-20-2018 Newshound Guru Kaperoni [Man, if they can’t get it done by the first of the year, I’m just thinking they can’t get it done. It’s just one thing after the next with them.] I think we're going to see the change occur once the IMF Article IV Consultation takes place that will be not only a review of the entire banking system in Iraq but acknowledgement of progress and encouragement to move forward.
7-20-2018 Newshound/Intel Guru Mnt Goat So they will either be a benefit...and speed up the formation of the new govt...or make the situation even worst. How long will it take to complete the re-counting? Nobody really knows but the current PM keeps telling the citizens “soon”. ...the protesting is spreading quickly throughout Iraq...Sadr is not with these protesters this time, but is he secretly backing them to move this recounting mess forward? Earlier in the week the protesters gave the govt 3 days to meet a list of demands. One of these demands is to conclude the re-counting mess and mover forward with the new government. ...This is getting dangerous… Will this be their next excuse of the CBI to hold up the reinstatement of their currency? Well…did they tell us they need STABILITY. Is what we are watching a STABLE Iraq? [post 2 of 2]
7-20-2018 Newshound/Intel Guru Mnt Goat The BIG news now from Iraq is all about the demonstrations occurring and how nasty this could get. The election saga is still ongoing and seems to be muffled in the background. With the occurrence of recent events I am now convinced more than ever this recounting of the ballots is nothing more than just stalling for more time. Why do they need more time? It is thought they need time while the winning coalition makes deals and tries to include every party somehow within the new government. ...So, this re-counting will go on and on until they are ready to announce their newly formed government. But in the foreground larks the protesters... [post 1 of 2....stay tuned]
7-20-2018 Intel Guru Bruce We are very close to this precipice. You can almost step over the cliff right now. We are that close of this going...I can tell you that this administration, this President Trump and Vice President Pence and all in the administration are working all together to get this thing done... Screens are repopulating with new rates...We are very close...I am excited for all of us...
7-20-2018 Newshound Guru Adam Montana [I’m ready for good positive news, whatcha got for us?] No news is good news, at least sometimes... we're on the right track!
7-20-2018 Newshound/Intel Guru Mnt Goat So they will either be a benefit...and speed up the formation of the new govt...or make the situation even worst. How long will it take to complete the re-counting? Nobody really knows but the current PM keeps telling the citizens “soon”. ...the protesting is spreading quickly throughout Iraq...Sadr is not with these protesters this time, but is he secretly backing them to move this recounting mess forward? Earlier in the week the protesters gave the govt 3 days to meet a list of demands. One of these demands is to conclude the re-counting mess and mover forward with the new government. ...This is getting dangerous… Will this be their next excuse of the CBI to hold up the reinstatement of their currency? Well…did they tell us they need STABILITY. Is what we are watching a STABLE Iraq? [post 2 of 2]
7-20-2018 Newshound/Intel Guru Mnt Goat The BIG news now from Iraq is all about the demonstrations occurring and how nasty this could get. The election saga is still ongoing and seems to be muffled in the background. With the occurrence of recent events I am now convinced more than ever this recounting of the ballots is nothing more than just stalling for more time. Why do they need more time? It is thought they need time while the winning coalition makes deals and tries to include every party somehow within the new government. ...So, this re-counting will go on and on until they are ready to announce their newly formed government. But in the foreground larks the protesters... [post 1 of 2....stay tuned]
7-20-2018 Intel Guru Bruce We are very close to this precipice. You can almost step over the cliff right now. We are that close of this going...I can tell you that this administration, this President Trump and Vice President Pence and all in the administration are working all together to get this thing done... Screens are repopulating with new rates...We are very close...I am excited for all of us...
7-20-2018 Newshound Guru Adam Montana [I’m ready for good positive news, whatcha got for us?] No news is good news, at least sometimes... we're on the right track!
7-19-2018 Newshound Guru Kaperoni ...great articles this week including the one from Alaq confirming CBI compliance...My favorite article of the week ...is titled.. "Movement of capital" confirming the desire to bring large sums of money into Iraq from outside investors.
7-19-2018 Newshound Guru Adam Montana [As Oil Prices are going down thru $68.00 could this inspire Iraq to RV and make profits on the RV?] $68 is still higher than the $50 they were at, and that price is well within what Iraq needs to be well oiled and smooth running. Mid $70 ppb prices do not bother me at all! : )
7-19-2018 Newshound/Intel Guru tman23 I do recall the words of the famous dinar world DR. SHABIBI...The man said lifting the 3 zeros can not take place in the middle of the year or the middle of a quarter, IT MUST TAKE PLACE AT THE START OF THE NEW YEAR...Not my opinion, not my words, but the words of Shabibi... I think you will see the new notes come OCTOBER.... and 2019 they will lift the 3 zeros... Iraq is in no hurry for anything …. IN CASE YOU HAVE NOT NOTICED!!...they will come out with new lower denoms which have to have a value greater then 1/10th of a penny otherwise they are useless and worthless... The new currency might float ALONG WITH THE OLD CURRENCY... BUT NEVER EVER NEVER WILL THE OLD CURRENCY FLOAT WITH 3 ZEROS INCLUDED IN THE NOMINAL VALUE...
7-19-2018 Newshound Guru Adam Montana [Do you think the current riots in southern Iraq will affect the timing of an RV?] Another day, another riot... I don't think it's significant in the big picture. Concerning, at least in a humanitarian sense? Of course. But revaluing a world currency is an event of incredible magnitude that makes those riots look like a small brush fire with no chance of doing more than taking out an old barn.
7-19-2018 Newshound/Intel Guru Mnt Goat Article: "UNITED NATIONS TO PLACE IRAQ, INCLUDING THE KURDISTAN REGION UNDER THE TUTELAGE OF THE UNITED NATIONS" Quote: "The Movement for Change, on Tuesday, called on the United Nations to place Iraq, including the Kurdistan region under the tutelage of the United Nations and put an end to the ruling political class in Iraq." ...this is like a permanent trusteeship, which Iraq is now under but as adviser, it expires at the end of 2018. In other words the citizens want help in cleaning out the monarchy of corrupt leaders. This is NOT a step backwards but would definitely be a movement of progress...we all know they have to move out these corruption officials and get to a more technocratic government...
7-19-2018 Newshound Guru Adam Montana [Did Iraq have a reverse LOP/Neutral event, Way back when they printed new currency for Iraq, added zeros to the currency, and moved the decimal point over a few digits on the value. Their money is not worthless. When they exchanged their money in, say 1 dinar, they got back a lot more dinar notes with more zeros but with less value. Sounds like the opposite of a LOP to me. Please don't throw me in the LOBSTER TANK.] I wouldn't call that a lop - it was a devaluation. Their currency, and their "stock" in the world, simply lost value. A revalue upwards will simply recapture that value. Not all of it. But a significant amount. And that's why we are here.
7-19-2018 Newshound Guru Adam Montana [As Oil Prices are going down thru $68.00 could this inspire Iraq to RV and make profits on the RV?] $68 is still higher than the $50 they were at, and that price is well within what Iraq needs to be well oiled and smooth running. Mid $70 ppb prices do not bother me at all! : )
7-19-2018 Newshound/Intel Guru tman23 I do recall the words of the famous dinar world DR. SHABIBI...The man said lifting the 3 zeros can not take place in the middle of the year or the middle of a quarter, IT MUST TAKE PLACE AT THE START OF THE NEW YEAR...Not my opinion, not my words, but the words of Shabibi... I think you will see the new notes come OCTOBER.... and 2019 they will lift the 3 zeros... Iraq is in no hurry for anything …. IN CASE YOU HAVE NOT NOTICED!!...they will come out with new lower denoms which have to have a value greater then 1/10th of a penny otherwise they are useless and worthless... The new currency might float ALONG WITH THE OLD CURRENCY... BUT NEVER EVER NEVER WILL THE OLD CURRENCY FLOAT WITH 3 ZEROS INCLUDED IN THE NOMINAL VALUE...
7-19-2018 Newshound Guru Adam Montana [Do you think the current riots in southern Iraq will affect the timing of an RV?] Another day, another riot... I don't think it's significant in the big picture. Concerning, at least in a humanitarian sense? Of course. But revaluing a world currency is an event of incredible magnitude that makes those riots look like a small brush fire with no chance of doing more than taking out an old barn.
7-19-2018 Newshound/Intel Guru Mnt Goat Article: "UNITED NATIONS TO PLACE IRAQ, INCLUDING THE KURDISTAN REGION UNDER THE TUTELAGE OF THE UNITED NATIONS" Quote: "The Movement for Change, on Tuesday, called on the United Nations to place Iraq, including the Kurdistan region under the tutelage of the United Nations and put an end to the ruling political class in Iraq." ...this is like a permanent trusteeship, which Iraq is now under but as adviser, it expires at the end of 2018. In other words the citizens want help in cleaning out the monarchy of corrupt leaders. This is NOT a step backwards but would definitely be a movement of progress...we all know they have to move out these corruption officials and get to a more technocratic government...
7-19-2018 Newshound Guru Adam Montana [Did Iraq have a reverse LOP/Neutral event, Way back when they printed new currency for Iraq, added zeros to the currency, and moved the decimal point over a few digits on the value. Their money is not worthless. When they exchanged their money in, say 1 dinar, they got back a lot more dinar notes with more zeros but with less value. Sounds like the opposite of a LOP to me. Please don't throw me in the LOBSTER TANK.] I wouldn't call that a lop - it was a devaluation. Their currency, and their "stock" in the world, simply lost value. A revalue upwards will simply recapture that value. Not all of it. But a significant amount. And that's why we are here.
7-18-2018 Newshound Guru Kaperoni A very interesting point was made today...as banks are posting articles stating that despite the interruption and internet service all ATMs are functioning and dispensing cash... The ATMs in Iraq are up and running dispensing 3 zero notes as needed... ...There is no RV or RI. It is my full expectation that the dinar will float and gradually appreciate over time providing the tool that the CBI needs to counter inflationary pressure as substantial investment and investors come in to participate in the rebuilding of Iraq. This is not an overnight event. When will that occur? Well there are conflicting opinions some say the government must be formed first others believe that it's too risky and that they should begin as soon as possible. We will just have to wait and see but I do believe it'll be this year.
7-18-2018 Newshound Guru MilitiaMan Article: "Central: Sirens fired at the pool of banks of training practices will last for two days" Quote: "The Central Bank of Iraq, on Wednesday, that the warning sirens launched at the banks complex...training practices will continue for two days" ..."The warning sirens launched at the banks complex...is one of the training practices carried out by the Department of Civil" This is telling us imo, that they are as of today and tomorrow testing the system for the big day.. Jurassic park styled, test the fencing..Imo.
7-18-2018 Newshound/Intel Guru Mnt Goat DEMONSTRATIONS IN BASRA... I will tell everyone that the main reason why people are demonstrating now in BASRA area is mostly stemming all from the lack of electricity. This section of the country has been importing electricity from Iran. The Iraqi government has not paid its electric bill to Iran and so Iran has cut off electricity for about a month now. This would not have happened under other circumstances. The govt of Iraq has the money to build power plants but can’t move forward with the plans to build gas run electric generation plants throughout Iraq and get off of Iranian grid until the govt is formed and these contracts can be executed.
7-18-2018 Newshound Guru Adam Montana We’re still in the same situation as late last week ...Abadi is moving forward “as-if” the elections were over, and that’s a good thing. Its NOT a good thing for those of you that want an RV by Friday, because it’s pretty apparent that we’re a couple short weeks away from an official announcement of the next complete GOI. All things hinge on GOI right now… wrap that up, then we have a clear path to HCL, and then, dare I say “suddenly”?
7-18-2018 Intel/Newshound Guru sandyf Many seem to be of the opinion that it revolves around a single event with focus on "delete the 3 zeros". That may not be the case. Previous information from the CBI was fairly clear that "delete the 3 zeros" referred to a redenomination and the last statement on timeline indicated 2019. Redenominations do not happen overnight, most and in the case of Iraq, require a Bill to pass through parliament. When that happens everyone will know about it but a timeline cannot be established until the Bill gets passed into law. Preparations are normally in the order of 1-2 years so very unlikely Iraq would be in a position to implement a redenomination before 2021. If we are to see a beneficial return on the IQD, it would need to happen before any redenomination was activated. I have seen some fairly good indications from outside dinarland and cautiously optimistic for the latter part of the year.
7-18-2018 Intel Guru Bruce I just like to say thank you to this current administration beginning with President Trump, with Vice President Pence, some of the cabinet members as well, the administration, because guys without them we would not have this blessing moving like we do right now. ...I think the proximity is right there. I feel like according to what we heard this afternoon [Tuesday], we are in a really good position... I feel maybe there is something about tomorrow’s date July 18, 2018 [Wednesday]. Maybe it is a significant day. [post 2 of 2]
7-18-2018 Intel Guru Bruce ...Iraq has basically completed everything we thought they needed to do except announce the new rate or put the rate out publicly... We are looking for an announcement from Iraq. We don’t know if it will come from Abadi or will it come from Shabbi and Abadi... There has been a major media blackout out of Iraq for the last several days...at least 3 to 4 days maybe longer with no media, no social media, nothing. ...we know that things are moving along nicely. ... They has been celebrations, dancing, quite a bit we have heard about and is occurring. Yes, we have been able to find out a little bit despite the blackout. So we are looking forward to it completely opening up and being ready. [post 1 of 2....stay tuned]
7-18-2018 Newshound Guru MilitiaMan Article: "Central: Sirens fired at the pool of banks of training practices will last for two days" Quote: "The Central Bank of Iraq, on Wednesday, that the warning sirens launched at the banks complex...training practices will continue for two days" ..."The warning sirens launched at the banks complex...is one of the training practices carried out by the Department of Civil" This is telling us imo, that they are as of today and tomorrow testing the system for the big day.. Jurassic park styled, test the fencing..Imo.
7-18-2018 Newshound/Intel Guru Mnt Goat DEMONSTRATIONS IN BASRA... I will tell everyone that the main reason why people are demonstrating now in BASRA area is mostly stemming all from the lack of electricity. This section of the country has been importing electricity from Iran. The Iraqi government has not paid its electric bill to Iran and so Iran has cut off electricity for about a month now. This would not have happened under other circumstances. The govt of Iraq has the money to build power plants but can’t move forward with the plans to build gas run electric generation plants throughout Iraq and get off of Iranian grid until the govt is formed and these contracts can be executed.
7-18-2018 Newshound Guru Adam Montana We’re still in the same situation as late last week ...Abadi is moving forward “as-if” the elections were over, and that’s a good thing. Its NOT a good thing for those of you that want an RV by Friday, because it’s pretty apparent that we’re a couple short weeks away from an official announcement of the next complete GOI. All things hinge on GOI right now… wrap that up, then we have a clear path to HCL, and then, dare I say “suddenly”?
7-18-2018 Intel/Newshound Guru sandyf Many seem to be of the opinion that it revolves around a single event with focus on "delete the 3 zeros". That may not be the case. Previous information from the CBI was fairly clear that "delete the 3 zeros" referred to a redenomination and the last statement on timeline indicated 2019. Redenominations do not happen overnight, most and in the case of Iraq, require a Bill to pass through parliament. When that happens everyone will know about it but a timeline cannot be established until the Bill gets passed into law. Preparations are normally in the order of 1-2 years so very unlikely Iraq would be in a position to implement a redenomination before 2021. If we are to see a beneficial return on the IQD, it would need to happen before any redenomination was activated. I have seen some fairly good indications from outside dinarland and cautiously optimistic for the latter part of the year.
7-18-2018 Intel Guru Bruce I just like to say thank you to this current administration beginning with President Trump, with Vice President Pence, some of the cabinet members as well, the administration, because guys without them we would not have this blessing moving like we do right now. ...I think the proximity is right there. I feel like according to what we heard this afternoon [Tuesday], we are in a really good position... I feel maybe there is something about tomorrow’s date July 18, 2018 [Wednesday]. Maybe it is a significant day. [post 2 of 2]
7-18-2018 Intel Guru Bruce ...Iraq has basically completed everything we thought they needed to do except announce the new rate or put the rate out publicly... We are looking for an announcement from Iraq. We don’t know if it will come from Abadi or will it come from Shabbi and Abadi... There has been a major media blackout out of Iraq for the last several days...at least 3 to 4 days maybe longer with no media, no social media, nothing. ...we know that things are moving along nicely. ... They has been celebrations, dancing, quite a bit we have heard about and is occurring. Yes, we have been able to find out a little bit despite the blackout. So we are looking forward to it completely opening up and being ready. [post 1 of 2....stay tuned]
7-17-2018 Newshound/Intel Guru Mnt Goat Many asked me about the significance of the announcement of Iraq getting off the FATF list. The importance of this announcement is that the presence of any country in the gray or black list or under the strict follow-up within the evaluation of the group mentioned MEANS THAT THERE IS WEAKNESS IN THE SYSTEM OF COMBATING CORRUPTION AND FINANCING TERRORISM, HIGH RISK AND THUS LEAD TO THE RELUCTANCE OF INVESTORS TO ENTER IT, has been noted since 2012 since the failure of Iraq to comply with 15 of the recommendations of the main recommendations on the fight against money laundering and recorded up to seven hundred notes. So now Iraq is off this list so what does this tell you? They have implemented the necessary reforms to combat corruption and financial terrorism. This is all very good news since we know there was no way the IMF was going to release the reinstatement unless they put these measures in place.
7-17-2018 Newshound Guru chattels I find myself favoring a new terminology for the liquidity event we hope for as value and return from our investment in the IQD. My new word for it is " Reset ". I no longer believe in an " RI or RV ". I am still concerned about a " Lop" and arguably all currencies " Float ". Perhaps a " Reset " is some workable form of all of the foregoing? My active thought is that we cannot rule out anything and must allow for that which we may not like. In any event we must all find a theory which sustains us and the hope of a good outcome. If we do not finish the race we cannot know whether there will be a prize for participation at a minimum, eh?
7-17-2018 Intel Guru Frank26 Iraq still has a seated government and Abadi still the PM. IMO the smooth transition from the same government to the new government will have the same affect...the same results. A newly seated government, less Malaki, Iran and Iran’s General’s corruption with be a “suitable environment” to RI their currency...as Abadi and the CBI requested. And so did Dr. Shabibi. The Iranian influence is disappearing. With the government. With the citizens. The Iranian Generals are losing their ability to protect Malaki. Malaki as no longer a VP is no longer protected with immunity. Arrest warrants await him. Malaki will fight along with his fake media to the very end. If given a Parliamentary seat it’s only to keep the peace. IMO, Malaki’s power is gone. No longer influential or able to use fear tactics to support his sugar daddy Iran. In the next two weeks, somewhere IMO, around the 18-19 to around the 25th we should have a seated government. No matter what I say right now about our investment, it would be hard to believe...the game has changed and I believe that leaks are causing us to be quiet...Our noses are pressed up against the wall of the RI, IMO and there is no room to the right or to the left. [post 2 of 2]
7-17-2018 Intel Guru Frank26 [via sunny] IMO: Encouraged Sadr and Abadi to sit their new government and Abadi as new PM to expedite many things as soon as possible. The RI being one of them. IHO with Malaki controlling things they could not have pulled off the RI. Nor IHO would Iraq and the fantastic four have allowed Malaki and his people to profit from the RI. Citizens of Iraq protesting against Malaki and the corruption he represents; against Iran and the lack of jobs. It’s the coming together where they look at their government as friends not as their political enemies. Iran knows they are being picked on so Iran takes advantage of no government seated right now. Paid jerks to go to Basra and pretend they‘re protesting against Abadi. They are not and you know that don't you. Malaki’s media is not going to work this time. Malaki and Iran taking advantage of the not seated government right now, adding fire and lies to it... I believe we are soon to see a seated government. ...Once it’s seated officially they can do a lot of things. Those are the things we don’t want to talk about. [post 1 of 2 ....stay tuned]
7-17-2018 Newshound/Intel Guru Mnt Goat You can call it whatever the hell you want but technically it’s not a revaluation in the eyes of the IMF. ...The CBI will take the dinar off the program rate and de facto peg to the USD and re-peg it to the SDR basket. It is in this process it will get reinstated back on FOREX and be launched with a the new rate. Once the dinar is reinstated and put on the “managed float”, it could go anywhere as Dr Syni Shabibi said it could withstand a market a rate of up to $16.00. He NEVER said that the Iraqi dinar would revalue at $16.00... [post 2 of 2]
7-17-2018 Newshound/Intel Guru Mnt Goat ...the Iraqi dinar...will be “reinstated” back on FOREX with a rate conducive to before it was down-graded through years of sanctions according to a value around from the new SDR basket it will be pegged to. It will also be put back on a “managed float” and the market place will drive the rate upwards. The Iraqi dinar...will not “revalue”. Yes, the rate will increase from around what it was prior to the war (with equity) and this will be a new value but not a “revaluation” in the truest sense from the technical definition of the IMF in dealing with currencies. [post 1 of 2....stay tuned]
7-17-2018 Intel Guru Frank26 We told you there would come a time where we would no longer share discuss information. IMO, this is that moment in time. Is it going to happen next week? . . .next month? Again, I don’t know. No comment to those type of questions. It is at the point . . . where IMO even throwing out an opinion is just not wise.
7-17-2018 Newshound Guru chattels I find myself favoring a new terminology for the liquidity event we hope for as value and return from our investment in the IQD. My new word for it is " Reset ". I no longer believe in an " RI or RV ". I am still concerned about a " Lop" and arguably all currencies " Float ". Perhaps a " Reset " is some workable form of all of the foregoing? My active thought is that we cannot rule out anything and must allow for that which we may not like. In any event we must all find a theory which sustains us and the hope of a good outcome. If we do not finish the race we cannot know whether there will be a prize for participation at a minimum, eh?
7-17-2018 Intel Guru Frank26 Iraq still has a seated government and Abadi still the PM. IMO the smooth transition from the same government to the new government will have the same affect...the same results. A newly seated government, less Malaki, Iran and Iran’s General’s corruption with be a “suitable environment” to RI their currency...as Abadi and the CBI requested. And so did Dr. Shabibi. The Iranian influence is disappearing. With the government. With the citizens. The Iranian Generals are losing their ability to protect Malaki. Malaki as no longer a VP is no longer protected with immunity. Arrest warrants await him. Malaki will fight along with his fake media to the very end. If given a Parliamentary seat it’s only to keep the peace. IMO, Malaki’s power is gone. No longer influential or able to use fear tactics to support his sugar daddy Iran. In the next two weeks, somewhere IMO, around the 18-19 to around the 25th we should have a seated government. No matter what I say right now about our investment, it would be hard to believe...the game has changed and I believe that leaks are causing us to be quiet...Our noses are pressed up against the wall of the RI, IMO and there is no room to the right or to the left. [post 2 of 2]
7-17-2018 Intel Guru Frank26 [via sunny] IMO: Encouraged Sadr and Abadi to sit their new government and Abadi as new PM to expedite many things as soon as possible. The RI being one of them. IHO with Malaki controlling things they could not have pulled off the RI. Nor IHO would Iraq and the fantastic four have allowed Malaki and his people to profit from the RI. Citizens of Iraq protesting against Malaki and the corruption he represents; against Iran and the lack of jobs. It’s the coming together where they look at their government as friends not as their political enemies. Iran knows they are being picked on so Iran takes advantage of no government seated right now. Paid jerks to go to Basra and pretend they‘re protesting against Abadi. They are not and you know that don't you. Malaki’s media is not going to work this time. Malaki and Iran taking advantage of the not seated government right now, adding fire and lies to it... I believe we are soon to see a seated government. ...Once it’s seated officially they can do a lot of things. Those are the things we don’t want to talk about. [post 1 of 2 ....stay tuned]
7-17-2018 Newshound/Intel Guru Mnt Goat You can call it whatever the hell you want but technically it’s not a revaluation in the eyes of the IMF. ...The CBI will take the dinar off the program rate and de facto peg to the USD and re-peg it to the SDR basket. It is in this process it will get reinstated back on FOREX and be launched with a the new rate. Once the dinar is reinstated and put on the “managed float”, it could go anywhere as Dr Syni Shabibi said it could withstand a market a rate of up to $16.00. He NEVER said that the Iraqi dinar would revalue at $16.00... [post 2 of 2]
7-17-2018 Newshound/Intel Guru Mnt Goat ...the Iraqi dinar...will be “reinstated” back on FOREX with a rate conducive to before it was down-graded through years of sanctions according to a value around from the new SDR basket it will be pegged to. It will also be put back on a “managed float” and the market place will drive the rate upwards. The Iraqi dinar...will not “revalue”. Yes, the rate will increase from around what it was prior to the war (with equity) and this will be a new value but not a “revaluation” in the truest sense from the technical definition of the IMF in dealing with currencies. [post 1 of 2....stay tuned]
7-17-2018 Intel Guru Frank26 We told you there would come a time where we would no longer share discuss information. IMO, this is that moment in time. Is it going to happen next week? . . .next month? Again, I don’t know. No comment to those type of questions. It is at the point . . . where IMO even throwing out an opinion is just not wise.
7-16-2018 Newshound Guru Kaperoni If the CBI ever made a move to reinstate the Iraqi dinar at some substantial value like $1 to 1 the only option would be a LOP which is a neutral event and no monetary gain because they're simply too much dinar and circulation for any kind of an overnight event to occur. We should all hope and pray that the CBI takes the smart choice floating the currency in allowing the world to set the price based on supply and demand allowing the dinar to gradually increase over time and also allowing them to reduce the currency in circulation. It is my belief that the CBI's choice is to float the currency giving them the monetary tool they need to reduce inflationary pressure as a large influx of capital & Investment comes into Iraq. I do not believe a LOP is in the cards therefore I do not believe in RV or RI is an option.
7-16-2018 Newshound/Intel Guru Mnt Goat ...WHAT are the next steps for...short term? All of sudden one day we will read very soon we will hear that the election results are ratified by the judiciary. Then quickly after the announcement of Abadi again as the PM, the new speaker and president (and his 3 VPs) are presented to us. Then pops out the re-education articles form the CBI about the continuance of the “project to delete the zeros”. Then we see a timeline of launching of the new category notes and ATMs. Then the new rate shows up on FOREX and away to the banks we go….
7-16-2018 Newshound Guru chattels "The rise in the dollar exchange rate in local markets 16/07/2018" "Economy News _ Baghdad" "The exchange rate of the US dollar against the Iraqi dinar rose on the Central Struggle Exchange in Baghdad and local markets on Monday (July 16, 2018). The prices of the Kifah Stock Exchange - Baghdad 120,700, while the prices of the Stock Exchange on Sunday, 120,000. " Still appears to be "compliant". At least on the Baghdad bourse. ...The 2% variance / compliance continues. There has been some increase in the spread arguably due to the "crisis" in Basra and threat of interruption to oil production...
7-16-2018 Intel Guru Frank26 [Guru] Walkingstick and I have decided that the game has changed. ...The Monetary Reform, ReInstatement of the IQD, is pressed up against the wall, everything, IMO, on the reform is on a fast track right now, there are no delays. Some may find delays, we don't have that evidence. By the way, as of now it is unlikely any one source will be given a heads up on the ReInstatement of the IQD other than what we call the Fantastic Four...the IMF, World Bank, U.S. Treasury and President Trump. IMO, no one knows the date or rate except for them, nor should anyone else know about it unless they are directly involved with the ReInstatement of the Iraqi dinar. Walkingstick and I would like to express that sharing any deeper details of the ReInstatement would simply be unwise right now...we are there, IMO.
7-16-2018 Guest Intel Guru Sergio This came in July 4 2018 "Financial Action Task Force (FATF) has removed Iraq from its list of states deemed weak in combating money laundering and terrorist financing, which experts believe should make international banks more comfortable doing business with the country... ...Removal from the grey list should help with the process of getting international banks more comfortable with transacting with Iraq." This news is very encouraging for us in my opinion. I would take a close look at the last sentence. ...to me that news really is what we need to see about our investment...in addition to stabilizing the exchange rate of the Iraqi dinar and increasing liquidity in Iraq’s financial market. Iraqi stocks are up 10 per cent in 2018, far better than Europe or Japan, while its market's capitalisation is a mere $10 billion.
7-16-2018 Newshound/Intel Guru Mnt Goat ...WHAT are the next steps for...short term? All of sudden one day we will read very soon we will hear that the election results are ratified by the judiciary. Then quickly after the announcement of Abadi again as the PM, the new speaker and president (and his 3 VPs) are presented to us. Then pops out the re-education articles form the CBI about the continuance of the “project to delete the zeros”. Then we see a timeline of launching of the new category notes and ATMs. Then the new rate shows up on FOREX and away to the banks we go….
7-16-2018 Newshound Guru chattels "The rise in the dollar exchange rate in local markets 16/07/2018" "Economy News _ Baghdad" "The exchange rate of the US dollar against the Iraqi dinar rose on the Central Struggle Exchange in Baghdad and local markets on Monday (July 16, 2018). The prices of the Kifah Stock Exchange - Baghdad 120,700, while the prices of the Stock Exchange on Sunday, 120,000. " Still appears to be "compliant". At least on the Baghdad bourse. ...The 2% variance / compliance continues. There has been some increase in the spread arguably due to the "crisis" in Basra and threat of interruption to oil production...
7-16-2018 Intel Guru Frank26 [Guru] Walkingstick and I have decided that the game has changed. ...The Monetary Reform, ReInstatement of the IQD, is pressed up against the wall, everything, IMO, on the reform is on a fast track right now, there are no delays. Some may find delays, we don't have that evidence. By the way, as of now it is unlikely any one source will be given a heads up on the ReInstatement of the IQD other than what we call the Fantastic Four...the IMF, World Bank, U.S. Treasury and President Trump. IMO, no one knows the date or rate except for them, nor should anyone else know about it unless they are directly involved with the ReInstatement of the Iraqi dinar. Walkingstick and I would like to express that sharing any deeper details of the ReInstatement would simply be unwise right now...we are there, IMO.
7-16-2018 Guest Intel Guru Sergio This came in July 4 2018 "Financial Action Task Force (FATF) has removed Iraq from its list of states deemed weak in combating money laundering and terrorist financing, which experts believe should make international banks more comfortable doing business with the country... ...Removal from the grey list should help with the process of getting international banks more comfortable with transacting with Iraq." This news is very encouraging for us in my opinion. I would take a close look at the last sentence. ...to me that news really is what we need to see about our investment...in addition to stabilizing the exchange rate of the Iraqi dinar and increasing liquidity in Iraq’s financial market. Iraqi stocks are up 10 per cent in 2018, far better than Europe or Japan, while its market's capitalisation is a mere $10 billion.
7-15-2018 Newshound/Intel Guru Mnt Goat ...I believe that the CBI, the IMF and the USA are now ready to complete the monetary reform and reinstate the Iraqi dinar currency. This is at the premise of what is happening. But there are two driving factors to the stalling from this recounting process. 1.Getting rid of the Iranian influence. 2. Weeding out the corrupt members of parliament...The CBI came right out and told us they could not stop this corruption because of political implications and that most of the culprits were members of parliament. So the government needs to buy time to get this done...They were told by the CBI, the IMF and the USA to clean up this corruption... [post 2 of 2]
7-15-2018 Newshound/Intel Guru Mnt Goat So, what the hell is this ongoing re-counting saga all about anyhow? I believe this entire fiasco has been a CONSPIRACY to stall the formation of the government right from the beginning... ...I do not think for one second that this re-counting effort was just Nori al-Maliki and his goons trying to stall the elections to buy more time so they can get a coalition together. At first it seemed that way but I do NOT believe it now...Looking at ALL THE EVIDENCE I can clearly see now this was a staged event coordinated by the existing government in power and with the Sadr Movement to stall for more time... ...So then why did the legitimate government have to stall for more time, if it wasn’t the bad guys of Maliki at the root of this mess?... [post 1 of 2....stay tuned]
7-15-2018 Newshound/Intel Guru BGG ...In the end, it was a big stall. Similar to recognizing Abadi’s characteristic approach earlier… THIS HAS BEEN MALIKI’S M.O. IN THE PAST. He creates chaos and finds himself some room to work in the middle of all the mess. The good news? It doesn’t look like it will be the sweeping victory he was hoping for. At this point, my guess is, Maliki’s very best outcome is he lands himself some minor role in the next GOI and avoids getting hung. Which is a guess only – and likely the very best possible outcome for him. I’m not saying the odds are good for this happening. I’m only saying – this would be a win for him. Political survival. [post 2 of 2]
7-15-2018 Newshound/Intel Guru BGG All credible reports on the recount result until now, have indicated very little or no deviation – and no fraud or vote tampering. ...Abadi plainly said there wouldn’t be any major change in election results – he was right. There appears to be no big change in the vote count. The process couldn’t be more vetted. The UN is overseeing it for Heaven’s SAKES!! ...The short answer on all the squabble and who was making noise? EASY – look at those who were in Parliament and those who don’t have immunity now. The former political ruling class. Those who are “now out in the cold”. Parliament had several emergency meetings right before the end of their term trying to cook something up that would save their hides… some law, some vote, something…It doesn’t look like fraud. It looks more like the people just got sick and tired of being taken advantage of and voted these characters out. Not exactly – but that’s what it looks like ... IMHO...the attempts to burn the ballots boxes came out of the Maliki camp. [post 1 of 2....stay tuned]
7-15-2018 Newshound/Intel Guru tman23 [So just to be clear do you or do you not think something will happen with the dinar to favor what we want.] My thought had always included... one way to crush the Iran regime is to raise the value of the IQD where the public pressure become to much...and it seems to be moving in that direction...I don't know what to think about dinar value BUT for sure the speculation remains the exact same from day I got in...which is more positive since after all that time still cannot say no way...it's cooked !!...were still in play!! IMO.
7-15-2018 Newshound Guru Kaperoni Maliki he's had his hand in a lot of troublesome activities over the years including stopping monetary policy reforms in 2012 so it wouldn't surprise me if he was involved in what's happening now. To be honest I wouldn't put it past Maliki being involved in the escalations and protest it prevents the formation of a government which he was going to be omitted from and more importantly stops currency reform in its tracks. ...unfortunately it looks like we're going to be several months away at best due to the political disdain amongst each other. [post 2 of 2]
7-15-2018 Newshound Guru Breitling I do have contacts in Iraq, but it’s not “Hey when is it going to revalue? What do you think the revalue is going to be?”…they don’t know that stuff...What I want to know from these people is, they have direct sources and some of them are the source, is what what type of language are they using in the Minister of Planning or the Ministry of Finance, parliament. Are they still talking about adding value to the currency? What is the language that they’re using? What are they projecting?…that’s the info I’m after. They don’t project a timeline or anything like that. I don’t need that from them and neither do you. You can pretty much figure out what they’re planning on doing if can frame up the mood they’re in.
7-15-2018 Newshound Guru Kaperoni I wouldn't look for a resolution in this election matter anytime soon. Maliki is now threatening a civil war if he's not the new prime minister and all of the political blocks are against him having participation in any way. Reading the news today it clearly implies it's going to get worse before it gets better. The protest, riots, and large amounts of corruption including this recent statement that the State of Law the most corrupt political bloc in Iraq this isn't going to get resolved soon. And unfortunately all of this chaos which includes Iran's economic failure, the protest are going to have a substantial effect on monetary policy including the spread. It is now highly likely that over the next several weeks Iraq will fall out of compliance if this escalates. The internet in Iraq has been shut down in an attempt to minimize any kind of escalation in these protests. This also means that some of the media is now offline. [post 1 of 2....stay tuned]
7-15-2018 Newshound/Intel Guru Mnt Goat So, what the hell is this ongoing re-counting saga all about anyhow? I believe this entire fiasco has been a CONSPIRACY to stall the formation of the government right from the beginning... ...I do not think for one second that this re-counting effort was just Nori al-Maliki and his goons trying to stall the elections to buy more time so they can get a coalition together. At first it seemed that way but I do NOT believe it now...Looking at ALL THE EVIDENCE I can clearly see now this was a staged event coordinated by the existing government in power and with the Sadr Movement to stall for more time... ...So then why did the legitimate government have to stall for more time, if it wasn’t the bad guys of Maliki at the root of this mess?... [post 1 of 2....stay tuned]
7-15-2018 Newshound/Intel Guru BGG ...In the end, it was a big stall. Similar to recognizing Abadi’s characteristic approach earlier… THIS HAS BEEN MALIKI’S M.O. IN THE PAST. He creates chaos and finds himself some room to work in the middle of all the mess. The good news? It doesn’t look like it will be the sweeping victory he was hoping for. At this point, my guess is, Maliki’s very best outcome is he lands himself some minor role in the next GOI and avoids getting hung. Which is a guess only – and likely the very best possible outcome for him. I’m not saying the odds are good for this happening. I’m only saying – this would be a win for him. Political survival. [post 2 of 2]
7-15-2018 Newshound/Intel Guru BGG All credible reports on the recount result until now, have indicated very little or no deviation – and no fraud or vote tampering. ...Abadi plainly said there wouldn’t be any major change in election results – he was right. There appears to be no big change in the vote count. The process couldn’t be more vetted. The UN is overseeing it for Heaven’s SAKES!! ...The short answer on all the squabble and who was making noise? EASY – look at those who were in Parliament and those who don’t have immunity now. The former political ruling class. Those who are “now out in the cold”. Parliament had several emergency meetings right before the end of their term trying to cook something up that would save their hides… some law, some vote, something…It doesn’t look like fraud. It looks more like the people just got sick and tired of being taken advantage of and voted these characters out. Not exactly – but that’s what it looks like ... IMHO...the attempts to burn the ballots boxes came out of the Maliki camp. [post 1 of 2....stay tuned]
7-15-2018 Newshound/Intel Guru tman23 [So just to be clear do you or do you not think something will happen with the dinar to favor what we want.] My thought had always included... one way to crush the Iran regime is to raise the value of the IQD where the public pressure become to much...and it seems to be moving in that direction...I don't know what to think about dinar value BUT for sure the speculation remains the exact same from day I got in...which is more positive since after all that time still cannot say no way...it's cooked !!...were still in play!! IMO.
7-15-2018 Newshound Guru Kaperoni Maliki he's had his hand in a lot of troublesome activities over the years including stopping monetary policy reforms in 2012 so it wouldn't surprise me if he was involved in what's happening now. To be honest I wouldn't put it past Maliki being involved in the escalations and protest it prevents the formation of a government which he was going to be omitted from and more importantly stops currency reform in its tracks. ...unfortunately it looks like we're going to be several months away at best due to the political disdain amongst each other. [post 2 of 2]
7-15-2018 Newshound Guru Breitling I do have contacts in Iraq, but it’s not “Hey when is it going to revalue? What do you think the revalue is going to be?”…they don’t know that stuff...What I want to know from these people is, they have direct sources and some of them are the source, is what what type of language are they using in the Minister of Planning or the Ministry of Finance, parliament. Are they still talking about adding value to the currency? What is the language that they’re using? What are they projecting?…that’s the info I’m after. They don’t project a timeline or anything like that. I don’t need that from them and neither do you. You can pretty much figure out what they’re planning on doing if can frame up the mood they’re in.
7-15-2018 Newshound Guru Kaperoni I wouldn't look for a resolution in this election matter anytime soon. Maliki is now threatening a civil war if he's not the new prime minister and all of the political blocks are against him having participation in any way. Reading the news today it clearly implies it's going to get worse before it gets better. The protest, riots, and large amounts of corruption including this recent statement that the State of Law the most corrupt political bloc in Iraq this isn't going to get resolved soon. And unfortunately all of this chaos which includes Iran's economic failure, the protest are going to have a substantial effect on monetary policy including the spread. It is now highly likely that over the next several weeks Iraq will fall out of compliance if this escalates. The internet in Iraq has been shut down in an attempt to minimize any kind of escalation in these protests. This also means that some of the media is now offline. [post 1 of 2....stay tuned]
7-14-2018 Intel Guru Frank26 IMO...WE ARE AT THE POINT WHERE EVEN...AN OPINION...IS NOW NO LONGER WISE.
7-14-2018 Newshound/Intel Guru Mnt Goat ...Iraq has completed 7 out of the 9 provinces they must perform the e-counting of ballots. The remaining 2 are expected to begin on Saturday. This is just about at the mid July mark, as I told you way back in early May and again and again in June that mid July would be the best timeframe and earliest timeframe to begin to think about any reinstatement of the dinar happening. We are not there yet and this is moving really close to this timeframe.
7-14-2018 Newshound Guru Adam Montana PM Abadi is a major component to the government, and YES - Abadi is still the Prime Minister, despite early reports that the votes were swinging against him. How long that will hold is anyone's guess right now, but for the time being he IS the acting Prime Minister, and here's what he's doing according to his Twitter feed:
8 hours ago: Abadi in Basra meeting with security commanders.
5 hours ago: Abadi meeting with Asaad Al-Idani (Basra Governor)
5 hours ago: Abadi meeting with Director-General of South Electric Distribution Company
3 hours ago: Abadi meeting with Director-General of Basra Oil Company
1 hour ago: Abadi meets with tribal/community leaders in Basra.
...There's a reason why I highlighted where Abadi was 3 hours ago...Who knows where Basra is and why it's important? I'm getting reports that HCL is closer than the recent "news" is letting on. [Twitter times are off due to posting times]
7-14-2018 Newshound Guru Breitling The price of oil went from 74 to 70 today. I might have changed. No one needs to revalue today. But they are going to have to. And that’s the language that they’re using. So very remarkable. Some very interesting stuff…90% of what Iraq makes is from oil. It’s coming down. It’s going to revalue. The market will change…Iraq is going to have to add value to their currency. Remember it’s artificially low. They want open access to their currency. That’s their goal. That’s what they want to do. And they’ll get there.
7-14-2018 Newshound/Intel Guru Mnt Goat The news now is all about the re-counting of the ballot results from the May 12th elections. ...Yes, yet another intentional act to delay the progress of the country. Why are they doing this? Many of these gurus will tell you it is orchestrated by Nori al-Maliki and his gang to stall for time, hoping to delay the results long enough so he can put together his own majority coalition. I agree with this notion but be assured it is not going to work for him and is now only backfiring on him, as the citizens will surely find out who orchestrated this fiasco in the future and who stalled the formation of the govt. This will happen when the re-counting results show no significant changes. ...So this is a very dangerous tightrope Maliki is now walking but I think he has been out maneuvered and is losing his leverage by Sadr.
7-14-2018 Newshound/Intel Guru Mnt Goat ...Iraq has completed 7 out of the 9 provinces they must perform the e-counting of ballots. The remaining 2 are expected to begin on Saturday. This is just about at the mid July mark, as I told you way back in early May and again and again in June that mid July would be the best timeframe and earliest timeframe to begin to think about any reinstatement of the dinar happening. We are not there yet and this is moving really close to this timeframe.
7-14-2018 Newshound Guru Adam Montana PM Abadi is a major component to the government, and YES - Abadi is still the Prime Minister, despite early reports that the votes were swinging against him. How long that will hold is anyone's guess right now, but for the time being he IS the acting Prime Minister, and here's what he's doing according to his Twitter feed:
8 hours ago: Abadi in Basra meeting with security commanders.
5 hours ago: Abadi meeting with Asaad Al-Idani (Basra Governor)
5 hours ago: Abadi meeting with Director-General of South Electric Distribution Company
3 hours ago: Abadi meeting with Director-General of Basra Oil Company
1 hour ago: Abadi meets with tribal/community leaders in Basra.
...There's a reason why I highlighted where Abadi was 3 hours ago...Who knows where Basra is and why it's important? I'm getting reports that HCL is closer than the recent "news" is letting on. [Twitter times are off due to posting times]
7-14-2018 Newshound Guru Breitling The price of oil went from 74 to 70 today. I might have changed. No one needs to revalue today. But they are going to have to. And that’s the language that they’re using. So very remarkable. Some very interesting stuff…90% of what Iraq makes is from oil. It’s coming down. It’s going to revalue. The market will change…Iraq is going to have to add value to their currency. Remember it’s artificially low. They want open access to their currency. That’s their goal. That’s what they want to do. And they’ll get there.
7-14-2018 Newshound/Intel Guru Mnt Goat The news now is all about the re-counting of the ballot results from the May 12th elections. ...Yes, yet another intentional act to delay the progress of the country. Why are they doing this? Many of these gurus will tell you it is orchestrated by Nori al-Maliki and his gang to stall for time, hoping to delay the results long enough so he can put together his own majority coalition. I agree with this notion but be assured it is not going to work for him and is now only backfiring on him, as the citizens will surely find out who orchestrated this fiasco in the future and who stalled the formation of the govt. This will happen when the re-counting results show no significant changes. ...So this is a very dangerous tightrope Maliki is now walking but I think he has been out maneuvered and is losing his leverage by Sadr.
7-13-2018 Intel Guru Ghost (He was seeing activity before he left Vietnam.) There’s all kinds of banking activity, just like Iraq has had all this transformation...Vietnam was a very cash based society for a very long time until the recent, probably 12 months, they went to an electronic, just like every other country in the world. And right now they have in their foreign reserves of $78 billion dollars. A lot of money for a country like Vietnam. [post 2 of 2]
7-13-2018 Intel Guru Ghost [What is your opinion about the Vietnamese Dong?] I have a missionary friend from Vietnam...about two weeks ago he visited our church. I said, “have you heard anything about the currency of Viet Nam? He said, now that you mention it as I was leaving the airport the numbers were jumping all over the place. Kind of like these numbers you see on Forex. He truly believes, IHO and IMO that we’re going to see a very, very good return on the VND. I know China wants about $1.91 for dong. Don’t think they’ll get that high. That’s the number they forecast. Somewhere between .47 and $2.00. He’s pretty good intelligence. [post 1 of 2....stay tuned]
7-13-2018 Intel Guru Frank26 Trump has been very calculating. Very, very smart with the MR of the IQD. It’s going to become his biggest tool. As the President, I think he’s going to be very successful with it.
7-13-2018 Intel Guru Ghost If you notice Trumps rally speeches...the things that impresses me the most ...is on the last two rally speeches he talked about that Iraq owes us (the USA) $7 Trillion dollars which is the number I’ve always been told since the very beginning is the number of Iraqi dinars we were given when we pulled out of Iraq. $7 Trillion! ...It’s another piece in the puzzle but I find that very ironic. [The 7 trillion, IMO, reflects what is in the UST reserves and we’re going to use it.] Exactly! I think when it comes over, in the revalued form it will be more than enough to pay off the national debt.
7-13-2018 Intel Guru Bruce Based on the information I got...we are sort of in that point of no return. In that process where the information has been given out and the process is in place to go through and complete this in a reasonable period of time for us. Now I know that was pretty vague. As far as anything else goes ...I mentioned ATMs were working. It winds up that not all ATMS were putting out lower denominations, but certain ATMS were on and were working. Now my understanding is all ATMS are working and running and putting out lower denominations in Iraq. We do know what the rate is for the dinar. I told you roughly what it was... [reference Guru Bruce post 7-11-2018]. We believe things have been put into motion that would allow the green light to go on for us. I just can’t give you an exact time frame. I am going to say we are in the process for that green light to be illuminated here very shortly for us.
7-13-2018 Newshound/Intel Guru Mnt Goat The election ends when the votes are ratified. The votes will not be ratified until after the re-counting of the ballots in suspected fraudulent polling stations throughout Iraq. So they just told us that on Thursday [7-2-2018] they will begin the last 2 remaining provinces. This is what we wait for. I truly believe that when this is finally all sorted out and they are done making a public spectacle of his recounting show for all to see that democracy is working in Iraq, that the CBI will act upon the project to delete the zeros and bring this to conclusion. Tick Tock, Tick Tock we are on a clock! [post 2 of 2]
7-13-2018 Newshound/Intel Guru Mnt Goat ...Remember that we know that everything from the CBI standpoint if already completed and all they need is a “suitable environment” to continue with the “project to delete the zeros”. They told us there was FRAUD and MANIPULATION that prevented the project from moving forward. We know this is in dealing with the currency auctions and involved almost 1/3 of the parliament members and their banking and money laundering schemes. So it seems logical that if we want to know where the CBI now stands on the RV, why not look at what is going on to rectify these issues. ...Many of these culprits will lose their immunity and thus can be served their arrest warrant on charges of corruption, but only after the election. [post 1 of 2....stay tuned]
7-13-2018 Newshound Guru Adam Montana [What do you think is holding up the HCL?] HCL at this time - it's completely political. Everything I discussed...is directly related to the delay on the HCL, and that's coming to an end quickly. [reference Adam Montana post 7-12-2018 below] I'm excited to see this chapter conclude and see some HCL news in the coming weeks. Can't be far off now!
7-13-2018 Intel Guru Blaino [via Doug_W] GETTING INTERESTING SIGNALS & CONFIRMATIONS TODAY AND LAST EVENING! THEY "COULD BE" ABOUT TO WRAP THIS UP!
7-13-2018 Intel Guru Ghost [What is your opinion about the Vietnamese Dong?] I have a missionary friend from Vietnam...about two weeks ago he visited our church. I said, “have you heard anything about the currency of Viet Nam? He said, now that you mention it as I was leaving the airport the numbers were jumping all over the place. Kind of like these numbers you see on Forex. He truly believes, IHO and IMO that we’re going to see a very, very good return on the VND. I know China wants about $1.91 for dong. Don’t think they’ll get that high. That’s the number they forecast. Somewhere between .47 and $2.00. He’s pretty good intelligence. [post 1 of 2....stay tuned]
7-13-2018 Intel Guru Frank26 Trump has been very calculating. Very, very smart with the MR of the IQD. It’s going to become his biggest tool. As the President, I think he’s going to be very successful with it.
7-13-2018 Intel Guru Ghost If you notice Trumps rally speeches...the things that impresses me the most ...is on the last two rally speeches he talked about that Iraq owes us (the USA) $7 Trillion dollars which is the number I’ve always been told since the very beginning is the number of Iraqi dinars we were given when we pulled out of Iraq. $7 Trillion! ...It’s another piece in the puzzle but I find that very ironic. [The 7 trillion, IMO, reflects what is in the UST reserves and we’re going to use it.] Exactly! I think when it comes over, in the revalued form it will be more than enough to pay off the national debt.
7-13-2018 Intel Guru Bruce Based on the information I got...we are sort of in that point of no return. In that process where the information has been given out and the process is in place to go through and complete this in a reasonable period of time for us. Now I know that was pretty vague. As far as anything else goes ...I mentioned ATMs were working. It winds up that not all ATMS were putting out lower denominations, but certain ATMS were on and were working. Now my understanding is all ATMS are working and running and putting out lower denominations in Iraq. We do know what the rate is for the dinar. I told you roughly what it was... [reference Guru Bruce post 7-11-2018]. We believe things have been put into motion that would allow the green light to go on for us. I just can’t give you an exact time frame. I am going to say we are in the process for that green light to be illuminated here very shortly for us.
7-13-2018 Newshound/Intel Guru Mnt Goat The election ends when the votes are ratified. The votes will not be ratified until after the re-counting of the ballots in suspected fraudulent polling stations throughout Iraq. So they just told us that on Thursday [7-2-2018] they will begin the last 2 remaining provinces. This is what we wait for. I truly believe that when this is finally all sorted out and they are done making a public spectacle of his recounting show for all to see that democracy is working in Iraq, that the CBI will act upon the project to delete the zeros and bring this to conclusion. Tick Tock, Tick Tock we are on a clock! [post 2 of 2]
7-13-2018 Newshound/Intel Guru Mnt Goat ...Remember that we know that everything from the CBI standpoint if already completed and all they need is a “suitable environment” to continue with the “project to delete the zeros”. They told us there was FRAUD and MANIPULATION that prevented the project from moving forward. We know this is in dealing with the currency auctions and involved almost 1/3 of the parliament members and their banking and money laundering schemes. So it seems logical that if we want to know where the CBI now stands on the RV, why not look at what is going on to rectify these issues. ...Many of these culprits will lose their immunity and thus can be served their arrest warrant on charges of corruption, but only after the election. [post 1 of 2....stay tuned]
7-13-2018 Newshound Guru Adam Montana [What do you think is holding up the HCL?] HCL at this time - it's completely political. Everything I discussed...is directly related to the delay on the HCL, and that's coming to an end quickly. [reference Adam Montana post 7-12-2018 below] I'm excited to see this chapter conclude and see some HCL news in the coming weeks. Can't be far off now!
7-13-2018 Intel Guru Blaino [via Doug_W] GETTING INTERESTING SIGNALS & CONFIRMATIONS TODAY AND LAST EVENING! THEY "COULD BE" ABOUT TO WRAP THIS UP!
7-12-2018 Intel Guru Ghost [New Guru - Lieutenant Colonel - 4 tours of Iraq] I got a piece of information today, that I’ve been told, could still be rumor IMO, but I believe President Trump will be in Iraq on Friday. My strongest opinion, I think Trump will be in that entourage. Pompeo is already over in the ME, right now and I think he’s going to be part of it as well as our President. And I think Donald Trump is trying to put this together for all of us. To make sure we are protected in it and secure and he wants to make America wealthy again and I think this is part of it. ...My opinion. That’s what I believe.
7-12-2018 Newshound/Intel Guru BGG Article "The state of law reveals the fact that it presented “concessions to Barzani” to collect a third term for the owners" Quote: "Revealed a coalition of state law, led by Nuri al-Maliki, on Tuesday (July 10, 2018), the fact that he made concessions to the President of the Kurdistan region of former Massoud Barzani, during the visit to Erbil, last Saturday." This is an interesting article. My take? The Maliki spin machine is in OVER-DRIVE these days. This time leading up to the final announcement of the Iraqi GOI is the whole game.
7-12-2018 Intel Guru Frank26 Compression of time. They are moving extremely fast. WS [Guru Walkingstick] told me, “we are on the cusp of of this happening".
7-12-2018 Intel Guru Bruce We know Abadi has been officially welcomed as Prime Minister of Iraq again. It was a little bit of back and forth on that, but we knew that he was going to be the Prime Minister and it is official. Has the rate been put out publicly? May be not yet. I don’t think we are going to see a public rate on the dinar until we go and start. It is already on the screens.
7-12-2018 Intel Guru Ghost [New Guru - Lieutenant Colonel - 4 tours of Iraq] He [Dr. Shabibi] and Alak I think, talk on a monthly basis... in my strongest opinion I think Alak and Shabibi have a lot of conversations that are off the radar. ...There is a defense contractor I know who has an equal number of employees. He was paying his employees and it progressively went upward. 1:1; 2:1; 3:1 and even 4:1. I think that just parallels what [Guru] Walkingstick said and confirms what WS says. A second set of books will be revealed very soon. Very, very tight window.
7-12-2018 Newshound Guru Adam Montana Quotes: "While the member of the Council of the leadership of the Patriotic Union of Kurdistan, Areez Abdullah, that "the Patriotic Union of Kurdistan and the Kurdistan Democratic Party have agreed on a semi-final to declare their alliance immediately after the ratification of the election results." "The new Kurdistan Alliance will strengthen the bargaining power of the Kurdistan region with the political blocs in Baghdad to form the largest coalition and the next government," adding that "the share of the two parties in government positions and determine the personality of the President of the Republic will be subject to dialogues between the two sides in consultation with other Kurdish parties ". Given that lack of turmoil, coupled with the above quoted sentences, that gives me confidence that the Kurdish side is going to emerge as very confident in their position, the GOI in general is going to be moving in short order, and some of these HCL rumors I'm hearing are going to be surfacing. That means we're getting close to a real window of opportunity! Stay grounded, because the next couple weeks might just surprise a lot of us. [post 2 of 2]
7-12-2018 Newshound Guru Adam Montana Here's where my thought process is going, and I am getting more confident in this on a daily basis. Iraq is stillll going over election results from what seems to be ages ago... this is no different than most other election years, except this time there seems to be a LOT less drama, accusations, etc. Sure, there is still a bit of finger pointing... but this is NOTHING like what we've seen in the past. One example that stands out very brightly is the first Maliki vs Abadi race. There was basically kicking and screaming about those results! But at the end of the day, it all cleared up and we were left with Abadi for a few years. IMO that was a great thing! Now...it is being announced that we're maybe a couple weeks from a true resolution and seating of both sides, and despite what would have historically been a time of extreme uncertainty, that's not what I'm seeing and hearing. Quite the opposite, in fact. [post 1 of 2....stay tuned]
7-12-2018 Newshound/Intel Guru BGG Article "The state of law reveals the fact that it presented “concessions to Barzani” to collect a third term for the owners" Quote: "Revealed a coalition of state law, led by Nuri al-Maliki, on Tuesday (July 10, 2018), the fact that he made concessions to the President of the Kurdistan region of former Massoud Barzani, during the visit to Erbil, last Saturday." This is an interesting article. My take? The Maliki spin machine is in OVER-DRIVE these days. This time leading up to the final announcement of the Iraqi GOI is the whole game.
7-12-2018 Intel Guru Frank26 Compression of time. They are moving extremely fast. WS [Guru Walkingstick] told me, “we are on the cusp of of this happening".
7-12-2018 Intel Guru Bruce We know Abadi has been officially welcomed as Prime Minister of Iraq again. It was a little bit of back and forth on that, but we knew that he was going to be the Prime Minister and it is official. Has the rate been put out publicly? May be not yet. I don’t think we are going to see a public rate on the dinar until we go and start. It is already on the screens.
7-12-2018 Intel Guru Ghost [New Guru - Lieutenant Colonel - 4 tours of Iraq] He [Dr. Shabibi] and Alak I think, talk on a monthly basis... in my strongest opinion I think Alak and Shabibi have a lot of conversations that are off the radar. ...There is a defense contractor I know who has an equal number of employees. He was paying his employees and it progressively went upward. 1:1; 2:1; 3:1 and even 4:1. I think that just parallels what [Guru] Walkingstick said and confirms what WS says. A second set of books will be revealed very soon. Very, very tight window.
7-12-2018 Newshound Guru Adam Montana Quotes: "While the member of the Council of the leadership of the Patriotic Union of Kurdistan, Areez Abdullah, that "the Patriotic Union of Kurdistan and the Kurdistan Democratic Party have agreed on a semi-final to declare their alliance immediately after the ratification of the election results." "The new Kurdistan Alliance will strengthen the bargaining power of the Kurdistan region with the political blocs in Baghdad to form the largest coalition and the next government," adding that "the share of the two parties in government positions and determine the personality of the President of the Republic will be subject to dialogues between the two sides in consultation with other Kurdish parties ". Given that lack of turmoil, coupled with the above quoted sentences, that gives me confidence that the Kurdish side is going to emerge as very confident in their position, the GOI in general is going to be moving in short order, and some of these HCL rumors I'm hearing are going to be surfacing. That means we're getting close to a real window of opportunity! Stay grounded, because the next couple weeks might just surprise a lot of us. [post 2 of 2]
7-12-2018 Newshound Guru Adam Montana Here's where my thought process is going, and I am getting more confident in this on a daily basis. Iraq is stillll going over election results from what seems to be ages ago... this is no different than most other election years, except this time there seems to be a LOT less drama, accusations, etc. Sure, there is still a bit of finger pointing... but this is NOTHING like what we've seen in the past. One example that stands out very brightly is the first Maliki vs Abadi race. There was basically kicking and screaming about those results! But at the end of the day, it all cleared up and we were left with Abadi for a few years. IMO that was a great thing! Now...it is being announced that we're maybe a couple weeks from a true resolution and seating of both sides, and despite what would have historically been a time of extreme uncertainty, that's not what I'm seeing and hearing. Quite the opposite, in fact. [post 1 of 2....stay tuned]
7-11-2018 Intel Guru Bruce What is interesting is that we know that Dr. Shabbi who was head of the CBI back in the day when he spoken to the US Chamber of Congress, I believe it was 2012. He said when he was asked by someone in the audience what the rate of the dinar could support. He said the Iraqi dinar could support over $16. Even though we are not there yet, I think the dinar will get traded as a gold back currency up to that point and maybe beyond. Are you going to hold it long enough for that to happen? I don’t know that I would. I am just saying that there will be movement.
7-11-2018 Intel Guru Ghost ...Malaki...basically raped the country of everything. He marked up the dollar so merchants couldn’t get any money. He made sure the program rate was very, very low. He was adamant about stealing from the people... I’ve heard as soon as this election comes to pass he will be in shackles and very quickly. ...Yes and the irony of it is as the partially convertible currency turns to the IR, we RV, we can see upward of $4 - $7 per dinar...$4.25 to $7.70. I have sources that have told me that. They are unconfirmed at this point. Feel so strongly IMO! [post 2 of 2]
7-11-2018 Intel Guru Ghost [New Guru - Lieutenant Colonel - 4 tours of Iraq] [via sunny] When Obama pulled us out is when ISIL took over. I don’t think we’ve come full circle yet...When you get news from Iraq, Remember Malaki owns more than ½ the newspapers and radio outlets, that broadcast the news. When you see the news coming out of Iraq sometimes it’s totally tainted. There is only one reliable newspaper over there, “The Baghdad Post.” He doesn’t own that one. The rest of them are completely fake news. Completely! All kinds of stuff about Sadr; All the election stuff – it’s all under control. ... I do still have a lot of high level Washington contacts, contacts in Baghdad and a good grasp of the situation because of the position I had. I still have quite a lot of friends that were over there with me that know exactly what’s going on in these investments. [post 1 of 2....stay tuned]
7-11-2018 Intel Guru Bruce There is sort of a quiet out there right now, but we are able to glean some information from what we are hearing. ...we talked about Iraq until we are blue in the face. Iraq is in a situation where their ATMs we confirmed were being used with the lower denominations coming out. We did confirm the Iraqi dinar has a rate between $6 and $7 on the front screens. ...There is activity that is going on that is new...We also confirmed that there has been a number of cities in the United States and Canada that have done exchanges for their Iraqi dual citizens starting yesterday [Monday] morning. We got that confirmed. That was first hand situations there. It is something that has not happened before...It was starting yesterday morning.
7-11-2018 Intel Guru Frank26 HANNITY ANNOUNCED (Tuesday Night) ON TV THAT PRESIDENT TRUMP WILL MEET ABADI IN BRUSSELS. ABADI HAS A SPEECH ON IRAQ AND TERRORISM. IMO...BAGHDAD IS TOO VOLATILE FOR T TO GO THERE JUST YET.
7-11-2018 Newshound/Intel Guru Mnt Goat Article: "The Electoral Commission announced on Sunday the start of the process of re-counting and manual sorting in Baghdad on Monday for six provinces." ...they are transferring the ballots from these provinces and doing a public re-count due to fear and threats of interference by the parties of power in the re-counting process... ...So this is the good news today. They could potentially be completed in a couple weeks with this process if they put more staff on it. I think pressure from the USA is going to move this ahead much quicker than originally expected.
7-11-2018 Intel Guru Ghost ...Malaki...basically raped the country of everything. He marked up the dollar so merchants couldn’t get any money. He made sure the program rate was very, very low. He was adamant about stealing from the people... I’ve heard as soon as this election comes to pass he will be in shackles and very quickly. ...Yes and the irony of it is as the partially convertible currency turns to the IR, we RV, we can see upward of $4 - $7 per dinar...$4.25 to $7.70. I have sources that have told me that. They are unconfirmed at this point. Feel so strongly IMO! [post 2 of 2]
7-11-2018 Intel Guru Ghost [New Guru - Lieutenant Colonel - 4 tours of Iraq] [via sunny] When Obama pulled us out is when ISIL took over. I don’t think we’ve come full circle yet...When you get news from Iraq, Remember Malaki owns more than ½ the newspapers and radio outlets, that broadcast the news. When you see the news coming out of Iraq sometimes it’s totally tainted. There is only one reliable newspaper over there, “The Baghdad Post.” He doesn’t own that one. The rest of them are completely fake news. Completely! All kinds of stuff about Sadr; All the election stuff – it’s all under control. ... I do still have a lot of high level Washington contacts, contacts in Baghdad and a good grasp of the situation because of the position I had. I still have quite a lot of friends that were over there with me that know exactly what’s going on in these investments. [post 1 of 2....stay tuned]
7-11-2018 Intel Guru Bruce There is sort of a quiet out there right now, but we are able to glean some information from what we are hearing. ...we talked about Iraq until we are blue in the face. Iraq is in a situation where their ATMs we confirmed were being used with the lower denominations coming out. We did confirm the Iraqi dinar has a rate between $6 and $7 on the front screens. ...There is activity that is going on that is new...We also confirmed that there has been a number of cities in the United States and Canada that have done exchanges for their Iraqi dual citizens starting yesterday [Monday] morning. We got that confirmed. That was first hand situations there. It is something that has not happened before...It was starting yesterday morning.
7-11-2018 Intel Guru Frank26 HANNITY ANNOUNCED (Tuesday Night) ON TV THAT PRESIDENT TRUMP WILL MEET ABADI IN BRUSSELS. ABADI HAS A SPEECH ON IRAQ AND TERRORISM. IMO...BAGHDAD IS TOO VOLATILE FOR T TO GO THERE JUST YET.
7-11-2018 Newshound/Intel Guru Mnt Goat Article: "The Electoral Commission announced on Sunday the start of the process of re-counting and manual sorting in Baghdad on Monday for six provinces." ...they are transferring the ballots from these provinces and doing a public re-count due to fear and threats of interference by the parties of power in the re-counting process... ...So this is the good news today. They could potentially be completed in a couple weeks with this process if they put more staff on it. I think pressure from the USA is going to move this ahead much quicker than originally expected.
7-10-2018 Intel Guru Ghost [New Guru - Lieutenant Colonel - 4 tours of Iraq] Our blessing was to go down in 2010, but because of security and stability reasons it hasn't been able to. But, all of the pieces of the puzzle are coming together. I do believe that with all of my heart. We actually have some intelligence today that is going to push our blessing to the next level.
7-10-2018 Newshound/Intel Guru Mnt Goat
We DO know the reinstatement of the dinar MUST happen someday very, very soon;
We DO know how they intend to do it;
We DO even know (or can come very close to) the expected new anchor rate once they move from the de facto peg to the new SDR peg;
We DO know the dinar will be on a MANAGED FLOAT once on FOREX;
We DO know the new dinar categories will “coincide” with the large 3 zero notes for up to 10 years (meaning no LOP);
We DO know the banks have been notified of these upcoming exchanges and are preparing for us;
We DO know that our prize is the IRAQI dinar and not the ZIM, Rial or any others of this notion of a GCR or other currency scams;
We DO know the impact this will have on the Iraqi economy and the world;
We DON’T know the exact timing!
7-10-2018 Newshound Guru Mnt Goat So what do we look for once the Electoral Commission says all the re-counting is completed? 1.The Judicial must ratify the election results as completed (re-count of the ballots completed and certified by the Judiciary) looks like not until around end of July, as best. 2.seating the three presidents – new prime minister, speaker of the house and the ceremonial president and his three vice presidents. 3. sense of political stability in Iraq. 4.maintained security with the region. Note: I do not believe that the prime minister needs to seat his entire cabinet of ministers at this time for the RV...
7-10-2018 Newshound Guru Don961 Article: "Learn about the security features of the world's most highly traded currency" Now why do you suppose an Iraqi news site would post an article about currencies that are highly traded in the world?? ... Showing their security features ... Just a random thing?? ... Or on purpose?? ... To educate?? ... IMO.
7-10-2018 Newshound/Intel Guru Mnt Goat
We DO know the reinstatement of the dinar MUST happen someday very, very soon;
We DO know how they intend to do it;
We DO even know (or can come very close to) the expected new anchor rate once they move from the de facto peg to the new SDR peg;
We DO know the dinar will be on a MANAGED FLOAT once on FOREX;
We DO know the new dinar categories will “coincide” with the large 3 zero notes for up to 10 years (meaning no LOP);
We DO know the banks have been notified of these upcoming exchanges and are preparing for us;
We DO know that our prize is the IRAQI dinar and not the ZIM, Rial or any others of this notion of a GCR or other currency scams;
We DO know the impact this will have on the Iraqi economy and the world;
We DON’T know the exact timing!
7-10-2018 Newshound Guru Mnt Goat So what do we look for once the Electoral Commission says all the re-counting is completed? 1.The Judicial must ratify the election results as completed (re-count of the ballots completed and certified by the Judiciary) looks like not until around end of July, as best. 2.seating the three presidents – new prime minister, speaker of the house and the ceremonial president and his three vice presidents. 3. sense of political stability in Iraq. 4.maintained security with the region. Note: I do not believe that the prime minister needs to seat his entire cabinet of ministers at this time for the RV...
7-10-2018 Newshound Guru Don961 Article: "Learn about the security features of the world's most highly traded currency" Now why do you suppose an Iraqi news site would post an article about currencies that are highly traded in the world?? ... Showing their security features ... Just a random thing?? ... Or on purpose?? ... To educate?? ... IMO.
7-9-2018 Intel Guru RayRen98 Quote: "They put out a special edition of the Gazette on Saturday. In the special edition of the Gazette on Saturday it said: "CBI will be making a big announcement coming soon!" I thought we were sitting on that information. We didn't' know what the announcement was going to be about.
7-9-2018 Newshound/Intel Guru tman23 If you read on the NK won currency and rate, the rate was once decided by the birthdate of the leader of North Korea... That being said 4/25 is Abadi's birthdate $4.25 and Trump is 6/14 $6.14...So since many claim it is Abadi or no it is Trump... PICK YOU A RATE...LOL. [reference Guru tman23 post 7-8-2018]
7-9-2018 Newshound Guru Mnt Goat But remember too that a special envoy of US President Donald Trump, Brit McKurk, is meeting with political party leaders as of Friday to draw up the roadmap for the country and move towards the process of electoral fraud witnessed by the electoral process in the country and “ACCELERATE THE FORMATION OF THE NEXT GOVERNMENT AT AN EARLIER DATE... In other words this is our best possible timeframe when we could expect to see something promising. ...Maybe McKurk will have some good suggestions. But until then I would certainly not hold my breath to see the RV any sooner... [post 3 of 3]
7-9-2018 Newshound Guru Mnt Goat Am I telling you it will RV even then? No! But evidence is pointing towards a reinstatement of the dinar and the completion of the “project to delete the zeros” but not until at least after this timeframe. So, this timeline is benchmark and very important to us. Can some other event creep up by putting a delay even further? Yes...I am telling you we don’t want these new sanctions put on Iran to spill over into Iraq and effect the stability of Iraq. [post 2 of 3....stay tuned]
7-9-2018 Newshound Guru Mnt Goat ...still no RV either inside Iraq or outside. This month of July and August may be significant months for us, if all goes well with the recounting. Since the re-counting is scheduled to begin in the second province on Monday and there are 6 more provinces to go, I can say without a shadow of a doubt that it will not be completed by mid-July and maybe even have to wait until sometime in August. ...That is, if no more tricks or snags by Maliki and his goons. So, went can we expect the re-counting to be completed? ...This brings us to about August 21st “IF” they follow this same pattern, but we are seeing they are not and speeding this process up with pressure from the USA. This is the good news today. So, this could potentially be all completed within a couple weeks by end of July is my best guess... [post 1 of 3....stay tuned]
7-9-2018 Newshound/Intel Guru tman23 If you read on the NK won currency and rate, the rate was once decided by the birthdate of the leader of North Korea... That being said 4/25 is Abadi's birthdate $4.25 and Trump is 6/14 $6.14...So since many claim it is Abadi or no it is Trump... PICK YOU A RATE...LOL. [reference Guru tman23 post 7-8-2018]
7-9-2018 Newshound Guru Mnt Goat But remember too that a special envoy of US President Donald Trump, Brit McKurk, is meeting with political party leaders as of Friday to draw up the roadmap for the country and move towards the process of electoral fraud witnessed by the electoral process in the country and “ACCELERATE THE FORMATION OF THE NEXT GOVERNMENT AT AN EARLIER DATE... In other words this is our best possible timeframe when we could expect to see something promising. ...Maybe McKurk will have some good suggestions. But until then I would certainly not hold my breath to see the RV any sooner... [post 3 of 3]
7-9-2018 Newshound Guru Mnt Goat Am I telling you it will RV even then? No! But evidence is pointing towards a reinstatement of the dinar and the completion of the “project to delete the zeros” but not until at least after this timeframe. So, this timeline is benchmark and very important to us. Can some other event creep up by putting a delay even further? Yes...I am telling you we don’t want these new sanctions put on Iran to spill over into Iraq and effect the stability of Iraq. [post 2 of 3....stay tuned]
7-9-2018 Newshound Guru Mnt Goat ...still no RV either inside Iraq or outside. This month of July and August may be significant months for us, if all goes well with the recounting. Since the re-counting is scheduled to begin in the second province on Monday and there are 6 more provinces to go, I can say without a shadow of a doubt that it will not be completed by mid-July and maybe even have to wait until sometime in August. ...That is, if no more tricks or snags by Maliki and his goons. So, went can we expect the re-counting to be completed? ...This brings us to about August 21st “IF” they follow this same pattern, but we are seeing they are not and speeding this process up with pressure from the USA. This is the good news today. So, this could potentially be all completed within a couple weeks by end of July is my best guess... [post 1 of 3....stay tuned]
7-8-2018 Newshound/Intel Guru Mnt Goat Article: "MONETARY POLICY .. FIXED RATE OR PARTLY FLOATING?" So I have to ask this - does Iraq fit any ...criterion to go to a “full float” or even a “creeping or partial float”? If it does not then why would they want to move the currency to FOREX and put it on a float, according to t his article? The answer is they would not, according to this article. But ... there is so much more that this article is explaining as to lingering flock of investors and the need for Iraq to bring in loads of investment money into Iraq. This means an international currency (no way around it) and so why make all these changes to banking and financial reforms and bring upto international standards, if they did not intend to go international and on FOREX?
7-8-2018 Newshound/Intel Guru tman23 Rate will be 4.25 or 6.14 and have a worthy piece of history in print which leads me to such a possibility.
7-8-2018 Newshound/Intel Guru Mnt Goat Sadr has these corrupted politicians worried and shaking in their boots over the charges of corruption. He is coming for them… We read also today that in fact, if Sadr has his way, Nori al-Maliki is going to be one of them. I can assure you prosecuting Maliki may bring some unrest at first, but in the long run it will bring so much order and peace to Iraq. It is well worth the risk. But first they must settle the election results and make sure he does not “bargain” his way into yet another govt position to protect his immunity again as he did in 2014. As far as I know...he has no bargaining power. But as long as they keep this re-counting of ballots charade going, this will buy him time to come up with something. I fully believe this is the real culprit behind these recounting shenanigans they are playing.
7-8-2018 Newshound/Intel Guru tman23 Rate will be 4.25 or 6.14 and have a worthy piece of history in print which leads me to such a possibility.
7-8-2018 Newshound/Intel Guru Mnt Goat Sadr has these corrupted politicians worried and shaking in their boots over the charges of corruption. He is coming for them… We read also today that in fact, if Sadr has his way, Nori al-Maliki is going to be one of them. I can assure you prosecuting Maliki may bring some unrest at first, but in the long run it will bring so much order and peace to Iraq. It is well worth the risk. But first they must settle the election results and make sure he does not “bargain” his way into yet another govt position to protect his immunity again as he did in 2014. As far as I know...he has no bargaining power. But as long as they keep this re-counting of ballots charade going, this will buy him time to come up with something. I fully believe this is the real culprit behind these recounting shenanigans they are playing.
7-7-2018 Intel Guru RayRen98 Surprise Surprise. Look at what’s happening in Iraq. On tv next Friday arrival of president trump representative to name the prime minister officially and express the goodwill of the American way for Iraq.
7-7-2018 Newshound Guru ChrisC Article: “Iran aims to conclude monetary agreements with three countries including Iraq” Quote: "The governor of the Central Bank of Iran, Aliullah Saif, announced Saturday (July 7, 2018) that the bank will continue to conclude monetary agreements with Iraq, Russia and Azerbaijan to deal with national currencies." I kept waiting to see if anybody would comment on this. It seems this is one of the clearest of the day that Iraq has an international currency. Why would Iran want a "national" currency that they couldn't do anything with?
7-7-2018 Intel Guru RayRen98 The CBI is supporting mandatory training for private banks during the next four days. With Kirkuk completed, the manual counting for the last 6 provinces was announced today by the counting commission. US Banks have a heightened awareness today, they think "something" is stirring, but time will tell.
7-7-2018 Newshound/Intel Guru tman23 I keep reading where Gurus claim the only source to make a change to the IQD is the CBI and the only approval needed is the IMF to article VIII...My questions is if this is true... Remember the Pottery Barn rule You break it you buy it? We broke it it and we bought it!! If what Gurus say is correct then how did IQD get 3 zeros on it? Am I to assume the CBI made the decision along with the IMF? Go back and do some research where years ago debates/ discussions that included Paul Ryan (current speaker of the house) were deciding what CURRENCY Iraq should use... That was determined in and by OUR GOVERNMENT... and I believe without doubt it takes OUR GOVERNMENT approval on when Iraq moves forward with lifting 3 zeros and the currency is traded on international levels.
7-7-2018 Newshound/Intel Guru Mnt Goat The govt does not trigger the RV. The reinstatement is the responsibility of the CBI and no one else...
7-7-2018 Newshound Guru ChrisC Article: “Iran aims to conclude monetary agreements with three countries including Iraq” Quote: "The governor of the Central Bank of Iran, Aliullah Saif, announced Saturday (July 7, 2018) that the bank will continue to conclude monetary agreements with Iraq, Russia and Azerbaijan to deal with national currencies." I kept waiting to see if anybody would comment on this. It seems this is one of the clearest of the day that Iraq has an international currency. Why would Iran want a "national" currency that they couldn't do anything with?
7-7-2018 Intel Guru RayRen98 The CBI is supporting mandatory training for private banks during the next four days. With Kirkuk completed, the manual counting for the last 6 provinces was announced today by the counting commission. US Banks have a heightened awareness today, they think "something" is stirring, but time will tell.
7-7-2018 Newshound/Intel Guru tman23 I keep reading where Gurus claim the only source to make a change to the IQD is the CBI and the only approval needed is the IMF to article VIII...My questions is if this is true... Remember the Pottery Barn rule You break it you buy it? We broke it it and we bought it!! If what Gurus say is correct then how did IQD get 3 zeros on it? Am I to assume the CBI made the decision along with the IMF? Go back and do some research where years ago debates/ discussions that included Paul Ryan (current speaker of the house) were deciding what CURRENCY Iraq should use... That was determined in and by OUR GOVERNMENT... and I believe without doubt it takes OUR GOVERNMENT approval on when Iraq moves forward with lifting 3 zeros and the currency is traded on international levels.
7-7-2018 Newshound/Intel Guru Mnt Goat The govt does not trigger the RV. The reinstatement is the responsibility of the CBI and no one else...
7-6-2018 Newshound/Intel Guru Mnt Goat They need to see the announcement of the new PM and not just hear about possibilities and agreements. They need to see all the three new presidents in place including the three deputy presidents (or ceremonial vice presidents). The IMF (USA) needs to see the formation of at least this part of the govt for their stability. ...I also want to reiterate that this entire re-counting process sounds very, very fishy to me. In the future we will know the truth behind it all. ...I can’t help but see a stalling tactic for something else and just using this re-counting as the legal excuse. [post 2 of 2]
7-6-2018 Newshound/Intel Guru Mnt Goat We are now in a waiting mode while the re-counting of the ballots takes place. We are now getting contradictory articles on the progress of the counting in the Kirkuk region on day 3. We know that there are still 6 other provinces to recount that have has election fraud and manipulation. ...So the outer most date for completion of the recount seems to be about mid-July but we know Iraq never does anything on time. I would not expect even a remote possibility of the reinstatement happening until the CBI learns that “political stability” is obtained. How do they define stability... [post 1 of 2....stay tuned]
7-6-2018 Newshound/Intel Guru BGG Article: "Political: Abadi received the green light for the second term" Quote: "The political analyst Hazem al-Bawi said Friday that Washington violated the security agreement with Baghdad after the establishment of the secret location of the artillery base in the west of the country, noting that the silence of the government in respect of this violation may be behind the green light of an American granting Abadi a second term." My thinking – this is political jibberish put out by Maliki, etc, etc. Someone is trying to put a wedge between Abadi and Sadr. This looming political bloc is too big for the bad actors to overcome. They are trying to get it to not happen. This is classic Maliki. He counts on the inherent inability of Iraqi politicians to get along… so, get everyone arguing with one another and thrive in the chaos.
7-6-2018 Intel Guru Bruce I know this has been kind of a tough ride...even though I believe we are very close, and I got information...to indicate we are very close, but we have to and I call it backwards Plan A and Plan B. Plan A is where we are right now...Plan B which B stands for Blessing...that is what we need to have as our fallback position if you will. That is going to happen, but it will happen when it happens. We can’t make it happen. Be not dismayed. This thing is right around the corner.
7-6-2018 Newshound Guru Kaperoni Crazy...nonsense...blaming the so called "delay" on President Trump... Currency reform is part of the transition to Article VIII and when that occurs it'll be a decision between the IMF in [and?] the CBI nobody else.
7-6-2018 Newshound/Intel Guru Mnt Goat We are now in a waiting mode while the re-counting of the ballots takes place. We are now getting contradictory articles on the progress of the counting in the Kirkuk region on day 3. We know that there are still 6 other provinces to recount that have has election fraud and manipulation. ...So the outer most date for completion of the recount seems to be about mid-July but we know Iraq never does anything on time. I would not expect even a remote possibility of the reinstatement happening until the CBI learns that “political stability” is obtained. How do they define stability... [post 1 of 2....stay tuned]
7-6-2018 Newshound/Intel Guru BGG Article: "Political: Abadi received the green light for the second term" Quote: "The political analyst Hazem al-Bawi said Friday that Washington violated the security agreement with Baghdad after the establishment of the secret location of the artillery base in the west of the country, noting that the silence of the government in respect of this violation may be behind the green light of an American granting Abadi a second term." My thinking – this is political jibberish put out by Maliki, etc, etc. Someone is trying to put a wedge between Abadi and Sadr. This looming political bloc is too big for the bad actors to overcome. They are trying to get it to not happen. This is classic Maliki. He counts on the inherent inability of Iraqi politicians to get along… so, get everyone arguing with one another and thrive in the chaos.
7-6-2018 Intel Guru Bruce I know this has been kind of a tough ride...even though I believe we are very close, and I got information...to indicate we are very close, but we have to and I call it backwards Plan A and Plan B. Plan A is where we are right now...Plan B which B stands for Blessing...that is what we need to have as our fallback position if you will. That is going to happen, but it will happen when it happens. We can’t make it happen. Be not dismayed. This thing is right around the corner.
7-6-2018 Newshound Guru Kaperoni Crazy...nonsense...blaming the so called "delay" on President Trump... Currency reform is part of the transition to Article VIII and when that occurs it'll be a decision between the IMF in [and?] the CBI nobody else.
7-5-2018 Newshound Guru Breitling ...That’s all we’re looking at. That will open up the door for the value of the dinar, to start adding value to their currency. They are going to have to do it. As the prices go down they are going to go broke because they are not vested in other countries and other entities or anything like that. Right now it’s still 90% oil…This is my opinion…They don’t need to wait for the price of oil to go down…they need to do it while the price of oil is still pretty high. What that number is? I don’t know…We’ll see if they do it. That’s what they plan on doing. That’s the conversation going on in Iraq. Nothing negative has come out of Iraq. It’s all been positive…we’re on the line here. [Post 2 of 2]
7-5-2018 Newshound/Intel Guru Mnt Goat Article: "SADR ASKED WHEN WILL IRAQ’S CURRENCY IN THE RANKS OF MAJOR CURRENCIES" Quote: "when the Iraqi economy flourishes and ITS CURRENCY IN THE RANKS OF MAJOR CURRENCIES." Sadr is talking about the reinstatement of the dinar…WOW!
7-5-2018 Newshound Guru Kaperoni The fact is there is no RV or RI...it's just not how monetary policy works for emerging-market countries. I expected some point soon this year that the CBI will accept Article VIII and at the same time move off the peg and begin to float their currency. This is a necessary step to invite investment and counter inflationary pressure created from that investment. An article today came out from a member of the finance committee indicating that Iraq has about 33 to 36 trillion dinars in circulation. If true that is a good sign that the money supply has been reduced at least some.
7-5-2018 Newshound/Intel Guru Mnt Goat Quote: "THE USNs HAS BEEN APPROVED BY PRESIDENT TRUMP AND THIS WAS HOLDING BACK THE RV" ...the “USN” designation is merely a code meaning (next day) transfer of US Dollar funds USD indicating how the funds are to be used. According to UN/CEFACT recommendation 9, paragraphs 8-9 (ECE/TRADE/203, 1996, it is used for inter-banking transactions. It does NOT mean “new” US currency. ...“USN” is NOT a designation for a new currency coming out to replace the USD old currency that you now have. It is not GOLD backed. I quote from the [forex] site: “The US dollar actually has three codes assigned: USD, USS (same day) and USN (next day)..." ...the dinar is already pegged to the US dollar by a “de facto” peg put in place in 2003 to keep the dinar from fully crashing. As part of moving to Article 8 the IMF plans to re-peg the dinar to the SDR basket of 5 currencies of the strongest developed nations, one of which is the USD.
7-5-2018 Intel Guru RayRen98 Iraqi TV is announcing 14 days to complete the re-counts of the votes in 7 remaining provinces. Appeals are still subject-matter related affecting the ratification of the election results. Seating of the new government is anticipated by August 1, 2018. (Not 100% sure if that matters for an RV or not)
7-5-2018 Newshound Guru Breitling …The price per barrel right now is like $75 so Iraq doesn’t need to revalue. They simply don’t…that’s how they make their money. 90% of their economy is selling oil and right now they’re kicking butt…The oil prices are going to come down. We have 3 things…we opened up the places we can explore for oil. We have our reserves. And we have Saudi Arabia and Russia to make sure they’re producing more oil…And that’s what it means for Iraq…Once that oil price goes down…for the Iraqi dinar it means everything…Right now we’re watching the market and the market is going to react and it is OPEC, it’s Saudi Arabia, it’s Russia, it’s Trump and his policies... And that’s it. [Post 1 of 2]
7-5-2018 Newshound/Intel Guru Mnt Goat Article: "THE IRAQI PARLIAMENT SUBMITS TO COUNTING AND PARTIAL MANUAL COUNTING AND OFFICIALLY ANNOUNCES THE END OF ITS LIFE" Quote: "IT SEEMS THAT THERE IS A DETERMINATION NOT TO CONDUCT THE COUNTING and counting of the ballot boxes, which means there is a" dangerous and frightening secret "THAT IS DIFFICULT TO REACH”... ...you could not have gotten any better news than this. The parliament has just conceded in that they can no longer carry out their fight against the elections results. So they are done. But will the re-counting still go on beyond Saturdays’ efforts? Yes, they will since parliament already stirred up the bee’s nest and so they must settle it down and conduct some of the recounting to continue on Tuesday. But this will be more of a procedural process and really won’t prove anything. But it will settle down the bees...lol...
7-5-2018 Newshound/Intel Guru Mnt Goat Article: "SADR ASKED WHEN WILL IRAQ’S CURRENCY IN THE RANKS OF MAJOR CURRENCIES" Quote: "when the Iraqi economy flourishes and ITS CURRENCY IN THE RANKS OF MAJOR CURRENCIES." Sadr is talking about the reinstatement of the dinar…WOW!
7-5-2018 Newshound Guru Kaperoni The fact is there is no RV or RI...it's just not how monetary policy works for emerging-market countries. I expected some point soon this year that the CBI will accept Article VIII and at the same time move off the peg and begin to float their currency. This is a necessary step to invite investment and counter inflationary pressure created from that investment. An article today came out from a member of the finance committee indicating that Iraq has about 33 to 36 trillion dinars in circulation. If true that is a good sign that the money supply has been reduced at least some.
7-5-2018 Newshound/Intel Guru Mnt Goat Quote: "THE USNs HAS BEEN APPROVED BY PRESIDENT TRUMP AND THIS WAS HOLDING BACK THE RV" ...the “USN” designation is merely a code meaning (next day) transfer of US Dollar funds USD indicating how the funds are to be used. According to UN/CEFACT recommendation 9, paragraphs 8-9 (ECE/TRADE/203, 1996, it is used for inter-banking transactions. It does NOT mean “new” US currency. ...“USN” is NOT a designation for a new currency coming out to replace the USD old currency that you now have. It is not GOLD backed. I quote from the [forex] site: “The US dollar actually has three codes assigned: USD, USS (same day) and USN (next day)..." ...the dinar is already pegged to the US dollar by a “de facto” peg put in place in 2003 to keep the dinar from fully crashing. As part of moving to Article 8 the IMF plans to re-peg the dinar to the SDR basket of 5 currencies of the strongest developed nations, one of which is the USD.
7-5-2018 Intel Guru RayRen98 Iraqi TV is announcing 14 days to complete the re-counts of the votes in 7 remaining provinces. Appeals are still subject-matter related affecting the ratification of the election results. Seating of the new government is anticipated by August 1, 2018. (Not 100% sure if that matters for an RV or not)
7-5-2018 Newshound Guru Breitling …The price per barrel right now is like $75 so Iraq doesn’t need to revalue. They simply don’t…that’s how they make their money. 90% of their economy is selling oil and right now they’re kicking butt…The oil prices are going to come down. We have 3 things…we opened up the places we can explore for oil. We have our reserves. And we have Saudi Arabia and Russia to make sure they’re producing more oil…And that’s what it means for Iraq…Once that oil price goes down…for the Iraqi dinar it means everything…Right now we’re watching the market and the market is going to react and it is OPEC, it’s Saudi Arabia, it’s Russia, it’s Trump and his policies... And that’s it. [Post 1 of 2]
7-5-2018 Newshound/Intel Guru Mnt Goat Article: "THE IRAQI PARLIAMENT SUBMITS TO COUNTING AND PARTIAL MANUAL COUNTING AND OFFICIALLY ANNOUNCES THE END OF ITS LIFE" Quote: "IT SEEMS THAT THERE IS A DETERMINATION NOT TO CONDUCT THE COUNTING and counting of the ballot boxes, which means there is a" dangerous and frightening secret "THAT IS DIFFICULT TO REACH”... ...you could not have gotten any better news than this. The parliament has just conceded in that they can no longer carry out their fight against the elections results. So they are done. But will the re-counting still go on beyond Saturdays’ efforts? Yes, they will since parliament already stirred up the bee’s nest and so they must settle it down and conduct some of the recounting to continue on Tuesday. But this will be more of a procedural process and really won’t prove anything. But it will settle down the bees...lol...
7-4-2018 Newshound Guru Adam Montana In spite of that, I think we’re still on the uphill slope of this thing, at least for the next week or so. There may not be an “official” announcement of an election “winner”, or there may be multiple “announcements” that end up being meaningless and Abadi just carries on doing his job… if we don’t see anything negative in the next 3-7 days, I think we’re looking at some HCL news within the next couple weeks, and that will get this train back on track. Looking forward to some exciting times in the VERY near future, my friends! All it’s going to take is a little nudging and we’re off... [post 2 of 2]
7-4-2018 Newshound Guru Adam Montana Work is steady across the pond in that big sandpit, which is all I’m asking for right now. Abadi continues to move forward as if there wasn’t even another party and there weren’t elections recently. I’m not sure I’ve ever witnessed someone so smoothly ignoring the outcries from what has historically been a very disruptive opposition in these times. It’s actually refreshing to see! ...I’ve been a supporter of Abadi since before he was first elected to his position. His demeanor and work ethic at this time, in spite of what could easily be an excuse to let things slide… the man is once again proving he’s business minded and goal oriented. [post 1 of 2....stay tuned]
7-4-2018 Intel Guru Bruce People ask me about rates. Realistically we do not have them right now, because they are coming back up on the screens. They are being populated, being traded, being moved, and we are waiting on the last two to show up. ...Maybe they will be there tomorrow [Wednesday] . We do not know. We do need...the dinar ...to show up obviously...before we can go and do our exchanges. [post 2 of 2]
7-4-2018 Intel Guru Bruce I heard...today that everything was ready to go this morning [Tuesday] and a Go and we were going except we had a little issue. It maybe not have been too small of an issue, but it was an issue that needed to be settled, straightened out before the Green Light could be given. ...My understanding it will be ironed out tonight [Tuesday], over night tonight. ...Tomorrow is the 4th of July. We are expecting an announcement tomorrow [Wednesday]. ...We don’t know for sure what it will be or what the subject will be about. ...We have a little window tomorrow. ...I do believe we are in a great period of waiting for this to come through for us. It has been told to me this will be a 4th of July like none other. [post 1 of 2....stay tuned]
7-4-2018 Newshound Guru Adam Montana Work is steady across the pond in that big sandpit, which is all I’m asking for right now. Abadi continues to move forward as if there wasn’t even another party and there weren’t elections recently. I’m not sure I’ve ever witnessed someone so smoothly ignoring the outcries from what has historically been a very disruptive opposition in these times. It’s actually refreshing to see! ...I’ve been a supporter of Abadi since before he was first elected to his position. His demeanor and work ethic at this time, in spite of what could easily be an excuse to let things slide… the man is once again proving he’s business minded and goal oriented. [post 1 of 2....stay tuned]
7-4-2018 Intel Guru Bruce People ask me about rates. Realistically we do not have them right now, because they are coming back up on the screens. They are being populated, being traded, being moved, and we are waiting on the last two to show up. ...Maybe they will be there tomorrow [Wednesday] . We do not know. We do need...the dinar ...to show up obviously...before we can go and do our exchanges. [post 2 of 2]
7-4-2018 Intel Guru Bruce I heard...today that everything was ready to go this morning [Tuesday] and a Go and we were going except we had a little issue. It maybe not have been too small of an issue, but it was an issue that needed to be settled, straightened out before the Green Light could be given. ...My understanding it will be ironed out tonight [Tuesday], over night tonight. ...Tomorrow is the 4th of July. We are expecting an announcement tomorrow [Wednesday]. ...We don’t know for sure what it will be or what the subject will be about. ...We have a little window tomorrow. ...I do believe we are in a great period of waiting for this to come through for us. It has been told to me this will be a 4th of July like none other. [post 1 of 2....stay tuned]
7-3-2018 Newshound/Intel Guru Mnt Goat I told everyone NO RV until after the elections. I told everyone they will first have to clean up these corrupt politicians causing the FRAUD and MANIPULATION with the currency. I told everyone what the CBI meant by “a more suitable environment” and this definition meant AFTER THE ELECTIONS and after this currency fraud and manipulation is cleaned up. I told everyone they will have to arrest these politicians and close down their operations after they lose their immunity as parliament members. So first they need time to do this, then to arrest them. This may take a couple weeks, once the newly elected parliament is seated and the new PM is announced. I am NOW telling everyone NOT to expect the RV until sometime AFTER mid-July. It may take a bit longer but I am hearing they need to get it done as soon as possible.
7-3-2018 Newshound Guru Kaperoni Article: "fixed exchange rate or floating?" I have stated over and over and over again...RV or RI is not a possibility is not reality...that there really is only two choices fixed or float. And a float is coming. Morocco, Egypt and i think Tunisia all launched floating currencies within the last year. Iraq should follow soon.
7-3-2018 Newshound/Intel Guru Walkingstick [via Clare] Trump & the level playing field... USN & IQD Asset backed, ready to go in basket... Colossal, YEP!... combined with electronic dinar, POS & PCC ...things are very close...look at currencies pegged to the USD not just the IQD... It's all good, much in play, much in motion, that NO ONE is reading about!!!
7-3-2018 Intel Guru Frank26 [via Clare] 1. Chapter 7...Gone..most of it...Enough /wow 2. UNSC unfreezes Assets /wow 3. HM /wow 4. FATF /wow 5. Laundering Money, Counterfeiting 6. Corruption, Control /wow 7. POS /hmmm PCC /wow USN /wow 8. CBI Gov. Alak, Awarded-Gov. of the Year /wow 9. Abadi - PM /wow 10. Cockroaches run to nowhere /wow 11. MasterCard 12. ATM's 13. SDR BASKET & it's Value Today 14. No more OFAC 15. Sound of INTERNATIONALISM 16. All in June. Compression of Time...On the CUSP...ACCELERATED.... A Plethora of CBI Articles, for an RI Rainbow...
7-3-2018 Newshound/Intel Guru Mnt Goat Under Article 8 of the UN Charter for member nations, they must be able to control their currency and there are strict rules. ...This is...why they wanted to wait until AFER the elections to go after the culprits. We see them now acting swiftly on this action. Article quote: "At least 20 Iraqi lawmakers will be arrested after Sunday as their term at the Iraqi parliament will end, and they will no longer hold parliamentary immunity." My conclusion can’t be anything other than sticking to my mid-July timeframe to hear any announcement from the CBI that they are going to forward once again with the “project to delete the zeros”. I am not going to speculate as to when they will actually do it, but it will be shortly. [post 2 of 2]
7-3-2018 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank of Iraq announced on Saturday the withdrawal of the license of a brokerage company to sell and buy foreign currencies for violating the instruction." Folks this is the withdrawal of the licenses of these companies TO MEDIATE THE SALE AND PURCHASE OF FOREIGN CURRENCIES. Get it now why the CBI had to stall the project? Also we know the CBI was under scrutiny with the MCP monitoring with the IMF in the attempt also to control the rate of the dinar to with 2% of CBI rate vs Street rate. ...So a lot of this FRAUD and MANIPULATION was preventing this and driving up the US Dollar and bringing down the dinar. ...I told everyone that the real reason why the CBI held up the continuation of the “project to delete the zeros” was due to the FRAUD and MANIPULATION with the currency ( in particular the currency auctions). [post 1 of 2....stay tuned]
7-3-2018 Newshound Guru Kaperoni Article: "fixed exchange rate or floating?" I have stated over and over and over again...RV or RI is not a possibility is not reality...that there really is only two choices fixed or float. And a float is coming. Morocco, Egypt and i think Tunisia all launched floating currencies within the last year. Iraq should follow soon.
7-3-2018 Newshound/Intel Guru Walkingstick [via Clare] Trump & the level playing field... USN & IQD Asset backed, ready to go in basket... Colossal, YEP!... combined with electronic dinar, POS & PCC ...things are very close...look at currencies pegged to the USD not just the IQD... It's all good, much in play, much in motion, that NO ONE is reading about!!!
7-3-2018 Intel Guru Frank26 [via Clare] 1. Chapter 7...Gone..most of it...Enough /wow 2. UNSC unfreezes Assets /wow 3. HM /wow 4. FATF /wow 5. Laundering Money, Counterfeiting 6. Corruption, Control /wow 7. POS /hmmm PCC /wow USN /wow 8. CBI Gov. Alak, Awarded-Gov. of the Year /wow 9. Abadi - PM /wow 10. Cockroaches run to nowhere /wow 11. MasterCard 12. ATM's 13. SDR BASKET & it's Value Today 14. No more OFAC 15. Sound of INTERNATIONALISM 16. All in June. Compression of Time...On the CUSP...ACCELERATED.... A Plethora of CBI Articles, for an RI Rainbow...
7-3-2018 Newshound/Intel Guru Mnt Goat Under Article 8 of the UN Charter for member nations, they must be able to control their currency and there are strict rules. ...This is...why they wanted to wait until AFER the elections to go after the culprits. We see them now acting swiftly on this action. Article quote: "At least 20 Iraqi lawmakers will be arrested after Sunday as their term at the Iraqi parliament will end, and they will no longer hold parliamentary immunity." My conclusion can’t be anything other than sticking to my mid-July timeframe to hear any announcement from the CBI that they are going to forward once again with the “project to delete the zeros”. I am not going to speculate as to when they will actually do it, but it will be shortly. [post 2 of 2]
7-3-2018 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank of Iraq announced on Saturday the withdrawal of the license of a brokerage company to sell and buy foreign currencies for violating the instruction." Folks this is the withdrawal of the licenses of these companies TO MEDIATE THE SALE AND PURCHASE OF FOREIGN CURRENCIES. Get it now why the CBI had to stall the project? Also we know the CBI was under scrutiny with the MCP monitoring with the IMF in the attempt also to control the rate of the dinar to with 2% of CBI rate vs Street rate. ...So a lot of this FRAUD and MANIPULATION was preventing this and driving up the US Dollar and bringing down the dinar. ...I told everyone that the real reason why the CBI held up the continuation of the “project to delete the zeros” was due to the FRAUD and MANIPULATION with the currency ( in particular the currency auctions). [post 1 of 2....stay tuned]
7-2-2018 Newshound Guru Kaperoni A good article today...sounds like Sadr is calling for currency reform.
7-2-2018 Intel Guru RayRen98 We did expect some things to happen over the weekend, and there are some interesting tidbits from members, stories they are relating. The big question is WHEN? One member was connected with someone in the Kuwaiti revaluation, and he got a text telling him to be ready at a moment’s notice. Another member has an Iraqi friend, and she is now excited after news from her family who were celebrating something this weekend – an actual exchange, or at least good news from Iraq...
7-2-2018 Newshound/Intel Guru Mnt Goat ...I continue on my path of reading the news articles and periodically contacting my friend in the CBI. Between these I get all the news I need to bring you up-to-date, reliable, accurate and factual news... ...the news could not get any better and it is exactly what we want to hear and I expected to hear at this point in time. I am do glad that this election drama did not take a turn for the worst. My last timeframe, when we might see the RV, was not until at least mid July. I see no evidence yet to change this timeframe. In the events from the last couple days I have nothing to do but to confirm that I am correct and so I am moving forward again with this same timeframe.
7-2-2018 Newshound Guru Kaperoni Just was reading the latest Regional Economic Outlook from the IMF which came out today..."However, in Iran and Iraq, banking systems continue to face numerous challenges, which will be the focus of reforms expected to be implemented this year." Don't know about Iran's banking system as it seems to be going backwards at this point due to the sanctions but Iraq is making positive strides especially with the recent articles from the weekend.
7-2-2018 Newshound Guru MilitiaMan Article: “Iraq officially exits from list of countries subject to monitoring and follow-up by FATF” More shackles came off.. UNSC lifted Sanctions and released frozen Iraqi assets, HM Treasury released frozen assets. No more OFAC list and now this from the FATF.. Fairly sure with Alak getting the Banking Award for 2018 shows that everything is in place to finish up the reforms.. imo. Now it seems to me that Commercial Banks can do business inside and outside of Iraq. They don't say which ones, but, imo that would be BIG BANKS Globally too. Quote: "This trend will be positively reflected on Iraq by facilitating foreign remittances, which will be carried out without international supervision or the US Federal Reserve, so that remittances will arrive more quickly and facilitate the process of trade with the countries of the world," ...That "Iraqi traders will feel the usefulness of this decision as well as commercial banks clearly during the coming period."
7-2-2018 Newshound/Intel Guru Mnt Goat Article quote: "The Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail, received the Best Governor of a Central Bank at the level of the Arab countries..." well, well, well…look at all the wonderful reforms he has helped implement in Iraq. Quote: “notably the maintenance of the exchange rate and closing the gap between the official price and the market price”. This is the MCP folks. They mentioned this one first. We know this was the hold up in getting the currency reinstated and moving fully to Article 8.
7-2-2018 Newshound/Intel BGG Article: "Iraq: 20 Lawmakers to Be Arrested as Parliament Term Ends" I’m a little curious to see if there is any specific sectarian break-down on this round of prosecutions. Not that it really makes a direct impact on the overall investment – I’m just curious. It also looks like, to me, the political climate is getting better and better. Progress. Anyone telling you the political climate isn’t important simply isn’t paying attention. The things we are seeing unfold right now are pretty good for the overall welfare of this investment and Iraq in general.
7-2-2018 Intel Guru RayRen98 We did expect some things to happen over the weekend, and there are some interesting tidbits from members, stories they are relating. The big question is WHEN? One member was connected with someone in the Kuwaiti revaluation, and he got a text telling him to be ready at a moment’s notice. Another member has an Iraqi friend, and she is now excited after news from her family who were celebrating something this weekend – an actual exchange, or at least good news from Iraq...
7-2-2018 Newshound/Intel Guru Mnt Goat ...I continue on my path of reading the news articles and periodically contacting my friend in the CBI. Between these I get all the news I need to bring you up-to-date, reliable, accurate and factual news... ...the news could not get any better and it is exactly what we want to hear and I expected to hear at this point in time. I am do glad that this election drama did not take a turn for the worst. My last timeframe, when we might see the RV, was not until at least mid July. I see no evidence yet to change this timeframe. In the events from the last couple days I have nothing to do but to confirm that I am correct and so I am moving forward again with this same timeframe.
7-2-2018 Newshound Guru Kaperoni Just was reading the latest Regional Economic Outlook from the IMF which came out today..."However, in Iran and Iraq, banking systems continue to face numerous challenges, which will be the focus of reforms expected to be implemented this year." Don't know about Iran's banking system as it seems to be going backwards at this point due to the sanctions but Iraq is making positive strides especially with the recent articles from the weekend.
7-2-2018 Newshound Guru MilitiaMan Article: “Iraq officially exits from list of countries subject to monitoring and follow-up by FATF” More shackles came off.. UNSC lifted Sanctions and released frozen Iraqi assets, HM Treasury released frozen assets. No more OFAC list and now this from the FATF.. Fairly sure with Alak getting the Banking Award for 2018 shows that everything is in place to finish up the reforms.. imo. Now it seems to me that Commercial Banks can do business inside and outside of Iraq. They don't say which ones, but, imo that would be BIG BANKS Globally too. Quote: "This trend will be positively reflected on Iraq by facilitating foreign remittances, which will be carried out without international supervision or the US Federal Reserve, so that remittances will arrive more quickly and facilitate the process of trade with the countries of the world," ...That "Iraqi traders will feel the usefulness of this decision as well as commercial banks clearly during the coming period."
7-2-2018 Newshound/Intel Guru Mnt Goat Article quote: "The Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail, received the Best Governor of a Central Bank at the level of the Arab countries..." well, well, well…look at all the wonderful reforms he has helped implement in Iraq. Quote: “notably the maintenance of the exchange rate and closing the gap between the official price and the market price”. This is the MCP folks. They mentioned this one first. We know this was the hold up in getting the currency reinstated and moving fully to Article 8.
7-2-2018 Newshound/Intel BGG Article: "Iraq: 20 Lawmakers to Be Arrested as Parliament Term Ends" I’m a little curious to see if there is any specific sectarian break-down on this round of prosecutions. Not that it really makes a direct impact on the overall investment – I’m just curious. It also looks like, to me, the political climate is getting better and better. Progress. Anyone telling you the political climate isn’t important simply isn’t paying attention. The things we are seeing unfold right now are pretty good for the overall welfare of this investment and Iraq in general.
7-1-2018 Intel Guru Delta Article: "World Bank Representative in Iraq: There is a great need to use and strengthen the financial resources of the Customs" Quote: "There are many reforms that must be made financially and electronically in order to link the border crossings..." ...VERY HUGE WOW ... WE TALKED ABOUT THIS WHILE BACK LINKING BORDER CROSSING FOR CUSTOMS ELECTRONICALLY ...WORLD BANK SAYING THAT IRAQ MUST MAKE FINANCIAL REFORMS MEANING ( CURRENCY REFORM) ..(Smile)
7-1-2018 Newshound Guru Kaperoni [Who exactly is the FATF?] Financial Action Task Force. [Wikipedia: "...an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering. In 2001 its mandate expanded to include terrorism financing. It monitors progress in implementing the FATF Recommendations through "peer reviews" ("mutual evaluations") of member countries." [reference Gurus Kaperoni & BGG posts below, 7-1-2018]
7-1-2018 Newshound/Intel Guru BGG Article: "Iraq officially exits the FATF International Financial Control List" ...ONE STEP CLOSER!!
7-1-2018 Newshound Guru Kaperoni More great news today from the Iraqi banking sector. CBI News. "Iraq is no longer subject to monitoring and follow-up by the FATF." This is a great example of what the IMF said about Iraq sending a positive message to the global banking system. By meeting these requirements they are getting very close. Got to love it when the CBI keeps fulfilling compliance requirements. In my opinion the CBI is not only gathering significant confidence but they are gathering momentum signing agreements and meeting compliance. I believe IMF Article VIII is coming very soon. I am not one to get overly excited but in this case I am one that believes that Iraq will continue pushing the banking system forward. That is exactly what we want.
7-1-2018 Newshound/Intel Guru Mnt Goat ...Some are saying that the Iraqi dinar is 1 to 1 in Iraq already. One of the reasons to reinstate the dinar is to be able to use it in the world market place. World Market Place means ‘outside of Iraq’, thus you are NOT in Iraq. And until the rate changes on FOREX (with a significant increase) and the banks are willing to exchange it for us – it makes no difference to you or I what is going on inside of Iraq. Besides, I have a very good, reliable source in the CBI that tells me absolutely NOTHING has yet occurred and the dinar inside and outside Iraq is still at the rate of 1190 dinars to 1 US dollar.
7-1-2018 Newshound Guru Kaperoni [Who exactly is the FATF?] Financial Action Task Force. [Wikipedia: "...an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering. In 2001 its mandate expanded to include terrorism financing. It monitors progress in implementing the FATF Recommendations through "peer reviews" ("mutual evaluations") of member countries." [reference Gurus Kaperoni & BGG posts below, 7-1-2018]
7-1-2018 Newshound/Intel Guru BGG Article: "Iraq officially exits the FATF International Financial Control List" ...ONE STEP CLOSER!!
7-1-2018 Newshound Guru Kaperoni More great news today from the Iraqi banking sector. CBI News. "Iraq is no longer subject to monitoring and follow-up by the FATF." This is a great example of what the IMF said about Iraq sending a positive message to the global banking system. By meeting these requirements they are getting very close. Got to love it when the CBI keeps fulfilling compliance requirements. In my opinion the CBI is not only gathering significant confidence but they are gathering momentum signing agreements and meeting compliance. I believe IMF Article VIII is coming very soon. I am not one to get overly excited but in this case I am one that believes that Iraq will continue pushing the banking system forward. That is exactly what we want.
7-1-2018 Newshound/Intel Guru Mnt Goat ...Some are saying that the Iraqi dinar is 1 to 1 in Iraq already. One of the reasons to reinstate the dinar is to be able to use it in the world market place. World Market Place means ‘outside of Iraq’, thus you are NOT in Iraq. And until the rate changes on FOREX (with a significant increase) and the banks are willing to exchange it for us – it makes no difference to you or I what is going on inside of Iraq. Besides, I have a very good, reliable source in the CBI that tells me absolutely NOTHING has yet occurred and the dinar inside and outside Iraq is still at the rate of 1190 dinars to 1 US dollar.
6-30-2018 Newshound Guru Kaperoni Great article today talks about how they plan to open the banking system to engage with international banks. This article just gushes with excitement as they get ready to move to Article VIII. If you remember that plan was in the IMF directives with the CBI send a positive message about the banking system...it's coming. Now that the CBI is in compliance it's just a waiting game for them to write the letter.
6-30-2018 Newshound/Intel Guru Mnt Goat ...There is actually much to celebrate but...let’s not jump the gun and be calling the RV as of yet…okay? ...the FACT is that the CBI has not even given us any recent hint that the dinar is going to be reinstated any time soon. ...When the CBI talks I listen. I also watch if they back up what they say they are going to do with actions... They said after the elections. Well we are here after the elections and so where is it? We still wait. ...Can they then pop out with an amazing article tomorrow and tell us the RV is coming? Yes, they could but the reality is they have not yet done so...
6-30-2018 Newshound Guru Kaperoni Quote from Donald J. Trump: "Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & disfunction in Iran and Venezuela, I am asking that Saudi Arabia increase oil production, maybe up to 2,000,000 barrels, to make up the difference...Prices to high! He has agreed!" As I stated before my concern was always increasing oil prices would cause Iraq to become lazy again and not move forward with the reforms. ...President Trump this morning...is calling on Saudi Arabia to increase oil production to lower gas prices. Reducing prices will also motivate Iraq.
6-30-2018 Newshound/Intel Guru Mnt Goat Article: "THE SADRISTS PROMISE TO ANNOUNCE THE "BIG BLOCK" SOON" I think this is going to happen until on or after July 1st date. Politically how can Sadr possibly announce that Abadi is going to be the next PM before the recount with voters looking at this as a rigged election? Next also remember Abadi is still the PM until June 30th anyhow. So how can Sadr speak out against the re-counting as if he did already announce Abadi as the new PM, it would look like Abadi was kissing up to Sadr to get a second term. They have to be very careful in how they handle this annoucement. But the good news is July 1st is just around the corner. Some...from Iraq are telling the people it will take 5 months to form the new government. ...as far as I know the new PM has only 3 months (90 days), But then in the same breath he says the new government will be announced in the coming days.
6-30-2018 Newshound/Intel Guru Mnt Goat ...There is actually much to celebrate but...let’s not jump the gun and be calling the RV as of yet…okay? ...the FACT is that the CBI has not even given us any recent hint that the dinar is going to be reinstated any time soon. ...When the CBI talks I listen. I also watch if they back up what they say they are going to do with actions... They said after the elections. Well we are here after the elections and so where is it? We still wait. ...Can they then pop out with an amazing article tomorrow and tell us the RV is coming? Yes, they could but the reality is they have not yet done so...
6-30-2018 Newshound Guru Kaperoni Quote from Donald J. Trump: "Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & disfunction in Iran and Venezuela, I am asking that Saudi Arabia increase oil production, maybe up to 2,000,000 barrels, to make up the difference...Prices to high! He has agreed!" As I stated before my concern was always increasing oil prices would cause Iraq to become lazy again and not move forward with the reforms. ...President Trump this morning...is calling on Saudi Arabia to increase oil production to lower gas prices. Reducing prices will also motivate Iraq.
6-30-2018 Newshound/Intel Guru Mnt Goat Article: "THE SADRISTS PROMISE TO ANNOUNCE THE "BIG BLOCK" SOON" I think this is going to happen until on or after July 1st date. Politically how can Sadr possibly announce that Abadi is going to be the next PM before the recount with voters looking at this as a rigged election? Next also remember Abadi is still the PM until June 30th anyhow. So how can Sadr speak out against the re-counting as if he did already announce Abadi as the new PM, it would look like Abadi was kissing up to Sadr to get a second term. They have to be very careful in how they handle this annoucement. But the good news is July 1st is just around the corner. Some...from Iraq are telling the people it will take 5 months to form the new government. ...as far as I know the new PM has only 3 months (90 days), But then in the same breath he says the new government will be announced in the coming days.
6-29-2018 Newshound Guru Adam Montana [Is there a change in the oil price this year? From being backed by gold or the dollar? ...] Oil is stable and still perfect for everything we want to happen.
6-29-2018 Newshound Guru Kaperoni ... unfortunately I think they need to wait for the government to form because that would send a clear message of stability and would perpetuate investment. Remember happy investors is what will raise this value. They also may be waiting for the blessing of the IMF and they haven't had their Article IV Consultation yet this year which is a perfect time for a full review prior to the transition but I'm expecting that anytime.
6-29-2018 Intel Guru Bruce ...know that the dinar is gold backed, the Vietnam dong is gold backed, and our US dollar is traded as the USN internally as gold backed, and probably be announced as gold backed quite possibly that is part of our July 4th announcement that we are looking for. I would think that is when it will be known throughout the United States and the world. ...What came out of those calls? What did we learn? What we learned was Sit tight for the next couple of days. ...What that tells is we are very close to the end of this... We do know that they do have sort of time picked out. The theory which I think is a good theory, that we should have this by the end of the month which is Saturday, June 30. [post 2 of 2]
6-29-2018 Intel Guru Bruce ...This has been an up and down week. It has been a rollercoaster ride even for me, because I had some information that indicated a certain couple days it looked like we were going. We had time and days. It did not happen. We had reason to believe that we were there and everything was complete, but it wasn’t. ...What happened yesterday evening? We had 3 different conference calls that were meetings in New York. One was HSBC, one for Wells Fargo-separate one, and one for the US Treasury. These 3 calls each...and we had people who were in these meetings so we know this directly...these meetings that were video conference calls, were there to go over and confirm rates of currencies, confirm the currencies themselves... [post 1 of 2....stay tuned]
6-29-2018 Newshound Guru Adam Montana [Still thinking 10 cents?] I've spent a little time on that subject over the last month or so. I'm seeing a couple different possible scenarios, but I'm still strong on .10.
6-29-2018 Newshound Guru Kaperoni How long is the CBI going to risk the spread that they now are in compliance? Today's spread was reported I believe at 1202 to $1. So well in compliance. Any day they could lose control of the spread and it could go to 1214 to $1 or higher and have to start over...it's got to be painful for the CBI watching the current circumstances.
6-29-2018 Newshound Guru Kaperoni ... unfortunately I think they need to wait for the government to form because that would send a clear message of stability and would perpetuate investment. Remember happy investors is what will raise this value. They also may be waiting for the blessing of the IMF and they haven't had their Article IV Consultation yet this year which is a perfect time for a full review prior to the transition but I'm expecting that anytime.
6-29-2018 Intel Guru Bruce ...know that the dinar is gold backed, the Vietnam dong is gold backed, and our US dollar is traded as the USN internally as gold backed, and probably be announced as gold backed quite possibly that is part of our July 4th announcement that we are looking for. I would think that is when it will be known throughout the United States and the world. ...What came out of those calls? What did we learn? What we learned was Sit tight for the next couple of days. ...What that tells is we are very close to the end of this... We do know that they do have sort of time picked out. The theory which I think is a good theory, that we should have this by the end of the month which is Saturday, June 30. [post 2 of 2]
6-29-2018 Intel Guru Bruce ...This has been an up and down week. It has been a rollercoaster ride even for me, because I had some information that indicated a certain couple days it looked like we were going. We had time and days. It did not happen. We had reason to believe that we were there and everything was complete, but it wasn’t. ...What happened yesterday evening? We had 3 different conference calls that were meetings in New York. One was HSBC, one for Wells Fargo-separate one, and one for the US Treasury. These 3 calls each...and we had people who were in these meetings so we know this directly...these meetings that were video conference calls, were there to go over and confirm rates of currencies, confirm the currencies themselves... [post 1 of 2....stay tuned]
6-29-2018 Newshound Guru Adam Montana [Still thinking 10 cents?] I've spent a little time on that subject over the last month or so. I'm seeing a couple different possible scenarios, but I'm still strong on .10.
6-29-2018 Newshound Guru Kaperoni How long is the CBI going to risk the spread that they now are in compliance? Today's spread was reported I believe at 1202 to $1. So well in compliance. Any day they could lose control of the spread and it could go to 1214 to $1 or higher and have to start over...it's got to be painful for the CBI watching the current circumstances.
6-28-2018 Newshound/Intel Guru tman23 ...reality because of economic pressures in the region …business people tell me that 65 cents is all the region could handle right now with trading partners...
6-28-2018 Newshound Guru Adam Montana [It’s the end of June, still thinking sooner or are we looking toward the fall? ] Let's see how these next couple weeks shake out! I'm pretty optimistic about our upcoming timeline.
6-28-2018 Newshound Guru MilitiaMan Articles: “Union of Arab Banks Honors the Governor of the Central Bank of Iraq Ali Alalak as the best governor in the Arab world for the year 2018”; “Special - Ali Mohsen Ismail (Ali Alalak ) Best Governor of an Arab Central Bank .. Who is he ?” A job well done and now banks are all closed in Iraq and don’t re open until the first of July.. - fascinating. Who is he? He will be imo, not a proxy Central Bank Governor much longer.. He appears to have completed the task of economic reforms to date and the next half of the year shall be less a few zeros internationally and locally.. Imo we shall see...
6-28-2018 Newshound Guru sandyf From 2014...In an interview with IraqiNews.com al-Bajari said “The policy to delete zeros from the Iraqi currency is ready to be executed by the Central Bank, however, its implementation will be delayed by 5 years on the basis of the extreme security and political situation of the country.” Redenomination is outside the scope of the CBI and would require a Bill to go through parliament, months at least. Preparation for a redenomination is usually in the range 12 to 18 months prior to the preferred dates of Jan 1st and July 1st. Should Iraq decide to proceed with a redenomination during the next parliament then the most probable date would be 1st January 2021...
6-28-2018 Newshound Guru Adam Montana [...Am I correct in believing that there is almost nothing that OPEC can or will do it that will have any effect on the RV?...] Iraq is still in prime position to take advantage of everything OPEC has done over the last couple years. It's almost like they are setting Iraq up for success! But at the same time, OPEC won't "force" Iraq to RV - their actions and positions are only encouraging them to do so.
6-28-2018 Intel Guru RayRen98 ...Some military folks are going back to Iraq for various purposes, and they have been told NOT to take US dollars as the country is revaluing the currency, and US dollars would have to be converted when they get there.
6-28-2018 Newshound Guru Kaperoni ...i stand corrected 47 trillion dinar in circulation and its expected to go up through the end of year. [reference Guru Kaperoni post 6-27-2018...post 2 of 2]
6-28-2018 Newshound Guru Adam Montana [It’s the end of June, still thinking sooner or are we looking toward the fall? ] Let's see how these next couple weeks shake out! I'm pretty optimistic about our upcoming timeline.
6-28-2018 Newshound Guru MilitiaMan Articles: “Union of Arab Banks Honors the Governor of the Central Bank of Iraq Ali Alalak as the best governor in the Arab world for the year 2018”; “Special - Ali Mohsen Ismail (Ali Alalak ) Best Governor of an Arab Central Bank .. Who is he ?” A job well done and now banks are all closed in Iraq and don’t re open until the first of July.. - fascinating. Who is he? He will be imo, not a proxy Central Bank Governor much longer.. He appears to have completed the task of economic reforms to date and the next half of the year shall be less a few zeros internationally and locally.. Imo we shall see...
6-28-2018 Newshound Guru sandyf From 2014...In an interview with IraqiNews.com al-Bajari said “The policy to delete zeros from the Iraqi currency is ready to be executed by the Central Bank, however, its implementation will be delayed by 5 years on the basis of the extreme security and political situation of the country.” Redenomination is outside the scope of the CBI and would require a Bill to go through parliament, months at least. Preparation for a redenomination is usually in the range 12 to 18 months prior to the preferred dates of Jan 1st and July 1st. Should Iraq decide to proceed with a redenomination during the next parliament then the most probable date would be 1st January 2021...
6-28-2018 Newshound Guru Adam Montana [...Am I correct in believing that there is almost nothing that OPEC can or will do it that will have any effect on the RV?...] Iraq is still in prime position to take advantage of everything OPEC has done over the last couple years. It's almost like they are setting Iraq up for success! But at the same time, OPEC won't "force" Iraq to RV - their actions and positions are only encouraging them to do so.
6-28-2018 Intel Guru RayRen98 ...Some military folks are going back to Iraq for various purposes, and they have been told NOT to take US dollars as the country is revaluing the currency, and US dollars would have to be converted when they get there.
6-28-2018 Newshound Guru Kaperoni ...i stand corrected 47 trillion dinar in circulation and its expected to go up through the end of year. [reference Guru Kaperoni post 6-27-2018...post 2 of 2]
6-27-2018 Newshound/Intel Guru Randy Koonce Another hot topic: Cards being loaded. This is Card Crap. In the Kurdistan region, they use cards because they did not get bombed. The Baghdad area does not have great infrastructure. They have 6 ATMs and 4 of them do not work, except in Green Zone. So the Card stuff...it does not impact us. So, in summary: You do not care if it has 'RV'd in Iraq or not; the cards do not matter to us...
6-27-2018 Newshound Guru Adam Montana ...either Abadi is confident that he’ll retain his position and is eager to continue moving Iraq forward (towards an RV, of course!), OR he’s on the same page as his “opponent” regarding the future of Iraq. Either outcome is fine - the way things are moving forward is positive for us. I figure it will take a couple weeks for everything to shake out. If Abadi is ousted, he is still laying very solid groundwork for his successor. If he retains his position, he’s setting himself and Iraq up with a solid launchpad. No matter who is in charge a month from now, we’re heading the right direction, and with good speed. And that, my friends, is good news to me! Everything else is moving at a good pace, I figure we’re on pace to see some solid resolutions over the coming weeks. [post 3 of 3]
6-27-2018 Newshound Guru Adam Montana The recent elections went down pretty much exactly like the last 2 or 3 election cycles… votes were cast, accusations of fraud were thrown around, and weeks post-election there is no clear victor. Let’s look past the “headlines”, though. Look at what’s actually happening, and things clear up a bit. Abadi's opposition is reported to have won something of a majority of the votes, so it’s possible that he’ll be donning the captain hat. Abadi, in the meantime, is apparently ignoring the entire issue and has moved forward with a good number of items that he could have easily ignored or postponed to dump off on the future President, should it come to light that he has lost his seat. This tells me that one of two things is happening… [post 2 of 3....stay tuned]
6-27-2018 Newshound Guru Adam Montana It’s a cheery day in my part of Dinar-land, for a couple reasons…one is probably more important than the rest, so I’ll hop straight into that piece. GOI. The “Government Of Iraq” has always been a crucial part of this journey. There’s simply no way to raise the value of the dinar, and then maintain a higher rate, without a stable GOI. Those of you that have been around a while probably recognize “Groundhog Day” when you see it - we are currently wading through the murky waters of a dubious election process. This can be extremely confusing, particularly when we are trying to get our news from mostly poorly translated news articles, so I’ll break it down. I’m also going to explain why this is a “cheery” time in my opinion! [post 1 of 3....stay tuned]
6-27-2018 Newshound Guru Kaperoni The Arab International Banking Conference is coming up at the end of this month on the 28th 29th in Paris. Iraq is participating with a fairly large high level delegation. Iraq plans to use this opportunity to strengthen cooperation between Iraqi banks with foreign correspondent banks. In order to prepare the Iraqi banking sector to move towards global prospects. That sounds to me like they're getting ready to open up to the world's financial system.
6-27-2018 Newshound Guru Whitelions ...everything and I mean everything points to this just about at it's end. How it happens is where the right fighters get into the gray waters .
6-27-2018 Intel Guru Bruce ...Now, what we...have is we have an agreement...today...between our Treasury and the IMF regarding some of the countries and the Far East and their rates. ...It is good because those who were involved were getting down on the wire on it, and now we can move forward, and get this thing completed for us. ...a lot of funds have moved in the 32 international banking institutions globally...not just coming to us here in the United States. This is for all around the world...it seems at the last minute in a way, but they have this thing timed out...That is a very positive piece of news for us, because things are moving in the direction where we should be able to get started here in short order. ...we anticipate things around July 4th to be very good. We anticipate the public starting in the vicinity of July 3rd. ...We are looking forward to a great week....
6-27-2018 Newshound Guru Kaperoni ...with 60-plus trillion dinar in circulation, if you're expecting any kind of overnight event you're dreaming other than a LOP...a one-to-one rate or higher then it's going to be a LOP. Moving to a float is the right thing to do and it allows the world to set the value as well as counter inflationary pressure created by investment. Such a move will not give any kind of overnight RV or RI but a gradual appreciation overtime. And we may have to wait several months or even a year or more for it to rise to a level that we all are comfortable with. Just remember monetary policy is not a random event that every action the CBI takes has a purpose. [post 2 of 2]
6-27-2018 Newshound Guru Kaperoni ...I believe the CBI will leave the peg and float the currency allowing the currency to rise gradually. What that means is the value of the dinar will go up but just not overnight. I believe it could take 6 months to 2 years for it to reach parity with the dollar once it begins. Again keep in mind there's a lot of factors that play on how fast a dinar rises primarily how fast investment comes into the country. That is why it's important that the CBI properly prepare everything. Not only the banking system but the laws to support investment and having a stable investment climate. [post 1 of 2....stay tuned]
6-27-2018 Newshound Guru Adam Montana ...either Abadi is confident that he’ll retain his position and is eager to continue moving Iraq forward (towards an RV, of course!), OR he’s on the same page as his “opponent” regarding the future of Iraq. Either outcome is fine - the way things are moving forward is positive for us. I figure it will take a couple weeks for everything to shake out. If Abadi is ousted, he is still laying very solid groundwork for his successor. If he retains his position, he’s setting himself and Iraq up with a solid launchpad. No matter who is in charge a month from now, we’re heading the right direction, and with good speed. And that, my friends, is good news to me! Everything else is moving at a good pace, I figure we’re on pace to see some solid resolutions over the coming weeks. [post 3 of 3]
6-27-2018 Newshound Guru Adam Montana The recent elections went down pretty much exactly like the last 2 or 3 election cycles… votes were cast, accusations of fraud were thrown around, and weeks post-election there is no clear victor. Let’s look past the “headlines”, though. Look at what’s actually happening, and things clear up a bit. Abadi's opposition is reported to have won something of a majority of the votes, so it’s possible that he’ll be donning the captain hat. Abadi, in the meantime, is apparently ignoring the entire issue and has moved forward with a good number of items that he could have easily ignored or postponed to dump off on the future President, should it come to light that he has lost his seat. This tells me that one of two things is happening… [post 2 of 3....stay tuned]
6-27-2018 Newshound Guru Adam Montana It’s a cheery day in my part of Dinar-land, for a couple reasons…one is probably more important than the rest, so I’ll hop straight into that piece. GOI. The “Government Of Iraq” has always been a crucial part of this journey. There’s simply no way to raise the value of the dinar, and then maintain a higher rate, without a stable GOI. Those of you that have been around a while probably recognize “Groundhog Day” when you see it - we are currently wading through the murky waters of a dubious election process. This can be extremely confusing, particularly when we are trying to get our news from mostly poorly translated news articles, so I’ll break it down. I’m also going to explain why this is a “cheery” time in my opinion! [post 1 of 3....stay tuned]
6-27-2018 Newshound Guru Kaperoni The Arab International Banking Conference is coming up at the end of this month on the 28th 29th in Paris. Iraq is participating with a fairly large high level delegation. Iraq plans to use this opportunity to strengthen cooperation between Iraqi banks with foreign correspondent banks. In order to prepare the Iraqi banking sector to move towards global prospects. That sounds to me like they're getting ready to open up to the world's financial system.
6-27-2018 Newshound Guru Whitelions ...everything and I mean everything points to this just about at it's end. How it happens is where the right fighters get into the gray waters .
6-27-2018 Intel Guru Bruce ...Now, what we...have is we have an agreement...today...between our Treasury and the IMF regarding some of the countries and the Far East and their rates. ...It is good because those who were involved were getting down on the wire on it, and now we can move forward, and get this thing completed for us. ...a lot of funds have moved in the 32 international banking institutions globally...not just coming to us here in the United States. This is for all around the world...it seems at the last minute in a way, but they have this thing timed out...That is a very positive piece of news for us, because things are moving in the direction where we should be able to get started here in short order. ...we anticipate things around July 4th to be very good. We anticipate the public starting in the vicinity of July 3rd. ...We are looking forward to a great week....
6-27-2018 Newshound Guru Kaperoni ...with 60-plus trillion dinar in circulation, if you're expecting any kind of overnight event you're dreaming other than a LOP...a one-to-one rate or higher then it's going to be a LOP. Moving to a float is the right thing to do and it allows the world to set the value as well as counter inflationary pressure created by investment. Such a move will not give any kind of overnight RV or RI but a gradual appreciation overtime. And we may have to wait several months or even a year or more for it to rise to a level that we all are comfortable with. Just remember monetary policy is not a random event that every action the CBI takes has a purpose. [post 2 of 2]
6-27-2018 Newshound Guru Kaperoni ...I believe the CBI will leave the peg and float the currency allowing the currency to rise gradually. What that means is the value of the dinar will go up but just not overnight. I believe it could take 6 months to 2 years for it to reach parity with the dollar once it begins. Again keep in mind there's a lot of factors that play on how fast a dinar rises primarily how fast investment comes into the country. That is why it's important that the CBI properly prepare everything. Not only the banking system but the laws to support investment and having a stable investment climate. [post 1 of 2....stay tuned]
6-26-2018 Newshound/Intel Guru Walkingstick THE RATE CANNOT BE ANY HIGHER THAN THE AAD (Arab Accounting Dinar) CURRENCY NUMBERS OF THE IMF = 2.5 X SDR NUMBERS (You can find this on the IMF website...) SDR rate as of today is $1.41. If you multiply by 2.5 you get a max of 3.52. (can change daily...) When it’s on the FOREX it will sell at a low volume, not the program rate. Iraq in the ME is a trade hub and needs different value for the world Global Markets. The key is it’s now going to be tested at a different value globally. The RV WILL SHINE LIKE THE SUN! [post 2 of 2]
6-26-2018 Newshound/Intel Guru Walkingstick [via sunny] PCC [Partial convertible currency], by definition is a currency sold with low volumes on the FOREX. Rate now on Forex is maybe around $1.80. A country that does a PCC is Article 14 before going to Article 8. Testing stress of the Iraqi dinar outside of their borders. Countries you can refer to, to see how a PCC was applied are India Rupee and China’s Yuan. All emerging economies use a PCC to go from Article 14 to Article 8. It means they have to convert. Protects their reserves and contracts. How long can a PCC go on? Started two months ago, with jumps on the FOREX, just before 2% compliance. $1.70- $2.00 PCC testing. Trying to hit 3+? That would be an RV. We don't know exactly where we are. [post 1 of 2....stay tuned]
6-26-2018 Newshound Guru Frank26 CBI will introduce small notes electronically at the start of the reinstatement. By limiting the supply electronically and then move the decimal point. This will set up for "physical" delivery of small notes. This is brilliant! At any moment we can see a rate change. Iraq is hiding the RI. "We may see actual change around the FIRST WEEK July. We are pressed up to the final stage of the wall. Control will be electronic as that removes fraud and inflation. The small notes are soon to be dispensed! PCC proves what they have done in country. A convertible currency with low volumes. IT’S BRILLIANT! All citizens will be on par in Iraq "very shortly". [post 3 of 3]
6-26-2018 Newshound Guru Frank26 "Believe we are toward the End of the Time Line." ...You know very well where we’re at. The CBI is following the first quarter orders given to them by the IMF, UST, CBI and POTUS. There should be no one doubting their currency is being re-instated. The currency will be used electronically outside Iraq borders. They are lighting the RI fuse for the RV, for Investors/world markets to buy, sell and trade with it. This forces an increase in value of Iraqi Dinars. [post 2 of 3....stay tuned]
6-26-2018 Newshound Guru Frank26 [via sunny] [Guru] Walkingstick called yesterday. He has a new word. "Very Shortly." WS said, "They are accelerating the pace to do it NOW." Central Bank of Iraq has taken the Iraq Dinar INSIDE IRAQ to a new level. They are using every IMF tool to educate the citizens: cell, TV, ATM machines. 1-1 inside Iraq has gained more purchasing power. Partial convertible currency ( PCC) outside of Iraq will introduce the Iraqi Dinar to global markets. Inside Iraq they are using E Dinars (electronic dinars). They are testing the global markets: "Bird is leaving the nest...." [post 1 of 3....stay tuned]
6-26-2018 Newshound Guru MilitiaMan Earlier on there was mention of the word by Frank [Guru Frank26] and others...Assimilate: To make similar: was part of the translation. Well imo they are doing just that now. That is the phase imo we are in and we will watch the assimilation very shortly.. lol...They have already printed the new currency, well imo that currency we await imo will be similar to the ones we and they have now, just less the zeros. Imo to not have confusion, they will be similar to the old in nature, art work, size, color, etc... They will need to be, as they will be along side each other for some years...The CBI warned people to not print fake news as to create confusion for the citizens, just like they warned people not to take advantage in regard to the currency, as they will have similar value in country.. imo. All part of the plan that is imo underway.. imo.
6-26-2018 Newshound Guru Kaperoni ...the fact is, they cannot reduce the money supply at least until they end the auctions. And I do a lot of research... there is zero evidence of any indication...the money supply has been reduced. In fact, reports that come out from the CBI indicate that the money supply has gone up over the years.
6-26-2018 Newshound/Intel Guru Mnt Goat Here we sit just less than 1 week prior to the target date of June 30th for the formation of the newly elected Iraqi government. This could prove to be a pivotal week for us in that they must complete the recounting effort prior to July 1st . Based on everything else we are now hearing...I am afraid to say this probably will not happen. Some Iraqi electoral commission representatives tell us it should take 3 days, others say 10 days and then others months. Who knows? All we can go on now is what they (Iraq) are telling us. Many of you are beginning to WORRY and get ANXIOUS to exchange your dinar at the banks. ...this reinstatement of the dinar will occur and very shortly but not this week. We just have to be patient and let it all play out.
6-26-2018 Newshound/Intel Guru Walkingstick [via sunny] PCC [Partial convertible currency], by definition is a currency sold with low volumes on the FOREX. Rate now on Forex is maybe around $1.80. A country that does a PCC is Article 14 before going to Article 8. Testing stress of the Iraqi dinar outside of their borders. Countries you can refer to, to see how a PCC was applied are India Rupee and China’s Yuan. All emerging economies use a PCC to go from Article 14 to Article 8. It means they have to convert. Protects their reserves and contracts. How long can a PCC go on? Started two months ago, with jumps on the FOREX, just before 2% compliance. $1.70- $2.00 PCC testing. Trying to hit 3+? That would be an RV. We don't know exactly where we are. [post 1 of 2....stay tuned]
6-26-2018 Newshound Guru Frank26 CBI will introduce small notes electronically at the start of the reinstatement. By limiting the supply electronically and then move the decimal point. This will set up for "physical" delivery of small notes. This is brilliant! At any moment we can see a rate change. Iraq is hiding the RI. "We may see actual change around the FIRST WEEK July. We are pressed up to the final stage of the wall. Control will be electronic as that removes fraud and inflation. The small notes are soon to be dispensed! PCC proves what they have done in country. A convertible currency with low volumes. IT’S BRILLIANT! All citizens will be on par in Iraq "very shortly". [post 3 of 3]
6-26-2018 Newshound Guru Frank26 "Believe we are toward the End of the Time Line." ...You know very well where we’re at. The CBI is following the first quarter orders given to them by the IMF, UST, CBI and POTUS. There should be no one doubting their currency is being re-instated. The currency will be used electronically outside Iraq borders. They are lighting the RI fuse for the RV, for Investors/world markets to buy, sell and trade with it. This forces an increase in value of Iraqi Dinars. [post 2 of 3....stay tuned]
6-26-2018 Newshound Guru Frank26 [via sunny] [Guru] Walkingstick called yesterday. He has a new word. "Very Shortly." WS said, "They are accelerating the pace to do it NOW." Central Bank of Iraq has taken the Iraq Dinar INSIDE IRAQ to a new level. They are using every IMF tool to educate the citizens: cell, TV, ATM machines. 1-1 inside Iraq has gained more purchasing power. Partial convertible currency ( PCC) outside of Iraq will introduce the Iraqi Dinar to global markets. Inside Iraq they are using E Dinars (electronic dinars). They are testing the global markets: "Bird is leaving the nest...." [post 1 of 3....stay tuned]
6-26-2018 Newshound Guru MilitiaMan Earlier on there was mention of the word by Frank [Guru Frank26] and others...Assimilate: To make similar: was part of the translation. Well imo they are doing just that now. That is the phase imo we are in and we will watch the assimilation very shortly.. lol...They have already printed the new currency, well imo that currency we await imo will be similar to the ones we and they have now, just less the zeros. Imo to not have confusion, they will be similar to the old in nature, art work, size, color, etc... They will need to be, as they will be along side each other for some years...The CBI warned people to not print fake news as to create confusion for the citizens, just like they warned people not to take advantage in regard to the currency, as they will have similar value in country.. imo. All part of the plan that is imo underway.. imo.
6-26-2018 Newshound Guru Kaperoni ...the fact is, they cannot reduce the money supply at least until they end the auctions. And I do a lot of research... there is zero evidence of any indication...the money supply has been reduced. In fact, reports that come out from the CBI indicate that the money supply has gone up over the years.
6-26-2018 Newshound/Intel Guru Mnt Goat Here we sit just less than 1 week prior to the target date of June 30th for the formation of the newly elected Iraqi government. This could prove to be a pivotal week for us in that they must complete the recounting effort prior to July 1st . Based on everything else we are now hearing...I am afraid to say this probably will not happen. Some Iraqi electoral commission representatives tell us it should take 3 days, others say 10 days and then others months. Who knows? All we can go on now is what they (Iraq) are telling us. Many of you are beginning to WORRY and get ANXIOUS to exchange your dinar at the banks. ...this reinstatement of the dinar will occur and very shortly but not this week. We just have to be patient and let it all play out.
6-25-2018 Newshound/Intel Guru Randy Koonce Another 'rumor' going around is that it is 1 to 1 in Iraq already. The only reason to RV is to be able to use it in the world market place. World Market Place means 'outside of Iraq'. ...You are NOT 'in Iraq'. And until the rate changes on cbi.iq - it makes no difference to you or I what is going on inside of Iraq. About 3 weeks ago, there was a statement added to the CBI website (you know - cbi.iq) that basically explains to the Iraqis what to do and how to bring in old and damaged money. The good news is that this statement basically started the RV process. Iraqis will only notice after the rate changes that it does not take as much to buy bread as it did before. [You can see the official CBI rate and Market rate in the left column of this page...]
6-25-2018 Newshound Guru chattels [referencing election results] Recent news report states that the manual recount will not begin until Wednesday / Thursday of this week. Historically manual recounts in Iraq have taken four weeks. Official announcement will involve review / action by the " Iraqi Supreme Court ".
6-25-2018 Newshound Guru Kaperoni If there is an overnight event you can be assured it's a LOP. No country could RV or RI with 60 trillion+ in circulation. Every single one of us should hope and pray the CBI gives up the peg...chooses a new exchange rate regime that is a float and allows the dinar to gradually rise over time as the IMF stated allowing them to reduce the money supply. Only then can we gain from the full appreciation of the dinar. Personally I believe this is what will happen because it supports the transition of monetary policy, it supports the financial system, and it alleviates inflationary pressure. ...I've already said...it's not possible to reduce the money supply while having daily currency auctions.
6-25-2018 Newshound/Intel Guru Mnt Goat ...as we know... the currency auctions will go away as they are run today once the value changes and the dinar is reinstated and traded. There will be no need for the auctions any longer. Let me ask you this: Then why is the CBI taking such a large effort now to get the dollars out of circulation in Iraq and force the citizens to use dinars? Can you see they are already beginning to make the transition and are weening the economy off the use of the dollars. So we know the move to end the currency auctions must not be too far in the near future. I like the part when she calls on the banks to “act quickly”.
[post 2 of 2]
6-25-2018 Newshound/Intel Guru Mnt Goat Article: "CALLS ON BANKS TO ACT QUICKLY TO AVOID THE CAUSES AND EFFECTS OF POTENTIAL CRISES BY RETURNING TO INCOME-PRODUCING BANKING PRODUCTS AND NOT RELYING ON THE CURRENCY WINDOW FOREVER" ...basically this article is all about the currency window and how the banks are overlying on the money they are making off it. The author is saying its time to stop relying so much on the currency window for revenue and diversify into other products to generate revenue for the banks. I quote – “NOT RELYING ON THE CURRENCY WINDOW FOREVER”. Its time for the CBI to help them find other products and help rescue them. ...this is very good news for us... [post 1 of 2....stay tuned]
6-25-2018 Newshound/Intel Guru Randy Koonce What if the election does not get resolved? From what I understand, if all goes bad and it looks like it will go forever, then POTUS is wanting this out anyway and will continue to apply pressure to get it finished. This window will remain open until around the 8th of July. ...In my opinion, the pressure being applied will make this go, and will get it done much sooner. And, if you see the "Sadr and Abadi Play Nice" speech, with them having the largest block as the Papers are indicating now, it will be much sooner...So, hang in there Everyone. It's coming, one way or the other!! We are close.. Every large bank will exchange.. RELAX the RV is coming... Breathe. [post 3 of 3]
6-25-2018 Newshound/Intel Guru Randy Koonce This should have been finished in May. There was an Organization, who shall remain nameless, that thought they knew better about what needed to happen in the election; and therefore did not release it as planned. That being said, our POTUS is VERY tired of waiting for this to go off. He has applied, and is still applying lots of pressure on this, along with several other major countries. The US has been involved in the background along with the UN to resolve the Election Mess and get this rolled out for the benefit of all of us. The Election results should be announced officially no later than the end of next week. Shortly after that announcement, we should/will see the rate change... [post 2 of 3....stay tuned]
6-25-2018 Newshound/Intel Guru Randy Koonce First, are we in a new window of opportunity 'right now'. When I say that, it does not mean it will happen without a doubt in this current window; it does mean that there is a very good chance for the rate to finally change...At the bottom of every update I always state: When it happens, check the cbi.iq to verify!! That is where I check. And if the Conversion rate is different -then it happened! On the website today (cbi.iq) it shows: US Dollar US 1190...Until it changes on that website, no one will be able to go to any bank and exchange your dinar. It has to change there FIRST. ...Here is what I do know... [post 1 of 3...stay tuned] {You can see the Official CBI rate and Market Rate in the left Resource column of this page...}
6-25-2018 Newshound Guru chattels [referencing election results] Recent news report states that the manual recount will not begin until Wednesday / Thursday of this week. Historically manual recounts in Iraq have taken four weeks. Official announcement will involve review / action by the " Iraqi Supreme Court ".
6-25-2018 Newshound Guru Kaperoni If there is an overnight event you can be assured it's a LOP. No country could RV or RI with 60 trillion+ in circulation. Every single one of us should hope and pray the CBI gives up the peg...chooses a new exchange rate regime that is a float and allows the dinar to gradually rise over time as the IMF stated allowing them to reduce the money supply. Only then can we gain from the full appreciation of the dinar. Personally I believe this is what will happen because it supports the transition of monetary policy, it supports the financial system, and it alleviates inflationary pressure. ...I've already said...it's not possible to reduce the money supply while having daily currency auctions.
6-25-2018 Newshound/Intel Guru Mnt Goat ...as we know... the currency auctions will go away as they are run today once the value changes and the dinar is reinstated and traded. There will be no need for the auctions any longer. Let me ask you this: Then why is the CBI taking such a large effort now to get the dollars out of circulation in Iraq and force the citizens to use dinars? Can you see they are already beginning to make the transition and are weening the economy off the use of the dollars. So we know the move to end the currency auctions must not be too far in the near future. I like the part when she calls on the banks to “act quickly”.
[post 2 of 2]
6-25-2018 Newshound/Intel Guru Mnt Goat Article: "CALLS ON BANKS TO ACT QUICKLY TO AVOID THE CAUSES AND EFFECTS OF POTENTIAL CRISES BY RETURNING TO INCOME-PRODUCING BANKING PRODUCTS AND NOT RELYING ON THE CURRENCY WINDOW FOREVER" ...basically this article is all about the currency window and how the banks are overlying on the money they are making off it. The author is saying its time to stop relying so much on the currency window for revenue and diversify into other products to generate revenue for the banks. I quote – “NOT RELYING ON THE CURRENCY WINDOW FOREVER”. Its time for the CBI to help them find other products and help rescue them. ...this is very good news for us... [post 1 of 2....stay tuned]
6-25-2018 Newshound/Intel Guru Randy Koonce What if the election does not get resolved? From what I understand, if all goes bad and it looks like it will go forever, then POTUS is wanting this out anyway and will continue to apply pressure to get it finished. This window will remain open until around the 8th of July. ...In my opinion, the pressure being applied will make this go, and will get it done much sooner. And, if you see the "Sadr and Abadi Play Nice" speech, with them having the largest block as the Papers are indicating now, it will be much sooner...So, hang in there Everyone. It's coming, one way or the other!! We are close.. Every large bank will exchange.. RELAX the RV is coming... Breathe. [post 3 of 3]
6-25-2018 Newshound/Intel Guru Randy Koonce This should have been finished in May. There was an Organization, who shall remain nameless, that thought they knew better about what needed to happen in the election; and therefore did not release it as planned. That being said, our POTUS is VERY tired of waiting for this to go off. He has applied, and is still applying lots of pressure on this, along with several other major countries. The US has been involved in the background along with the UN to resolve the Election Mess and get this rolled out for the benefit of all of us. The Election results should be announced officially no later than the end of next week. Shortly after that announcement, we should/will see the rate change... [post 2 of 3....stay tuned]
6-25-2018 Newshound/Intel Guru Randy Koonce First, are we in a new window of opportunity 'right now'. When I say that, it does not mean it will happen without a doubt in this current window; it does mean that there is a very good chance for the rate to finally change...At the bottom of every update I always state: When it happens, check the cbi.iq to verify!! That is where I check. And if the Conversion rate is different -then it happened! On the website today (cbi.iq) it shows: US Dollar US 1190...Until it changes on that website, no one will be able to go to any bank and exchange your dinar. It has to change there FIRST. ...Here is what I do know... [post 1 of 3...stay tuned] {You can see the Official CBI rate and Market Rate in the left Resource column of this page...}
6-24-2018 Newshound/Intel Guru Mnt Goat Why did the CBI decrease the money supply of dinars already if not to prepare to control the money supply (decrease it). This is a proactive inflationary measure for what is to come. Why did the CBI modernize the banking system to electronic banking and POS if not to limit the money supply and be able to control it for inflation later. Why sell (distribute) the newer category notes (fils, 1,2,5,10,50,100, 200,500) to the banks if they did not intend to use them very soon? This is capital the banks now have tied up. We were told in an article last November that over the period Nov 2016 thru Nov 2017 the CBI has been distributing the newer category notes to the banks. What is this all for if not to significantly raise the value?
6-24-2018 Newshound/Intel Guru BGG Article: "The largest bloc was settled away from Maliki’s coalition .. Sadr will officially announce from Baghdad" Quote: “An agreement was reached on the formation of a cross-sectarian alliance between coalition and victory and victory,” Abadi said during a joint news conference with al-Sadr." This makes it… pretty much a SLAM DUNK. Sadr, Abadi (which I thought would happen all along), Ameri (slight surprise) and Hakim = PLENTY. I predict they will also include all the Sunnis and Kurds who wish to be included. This may well be the most inclusive Iraqi GOI yet. Like I said in the beginning… relax. Let this happen.
6-24-2018 Intel Guru Frank26 At the present program rate there is very little interest for the global markets to buy, sell and trade with the Dinar at a penny stock return. But the key is that IMO, the PCC started a while ago and is in a position to receive a rate change that would cause great interest in the global market, because at the program rate, the CBI cannot measure supply and demand for their currency...Outside of Iraq an RV will evolve because inside of Iraq the RI was successful with the citizens. ...Many tools are now in positions electronically to distribute the LD’s. Notice everything we share is now being targeted to a bullseye – the RI! ...our faces are pressed up against the RI wall, the final phases of the RI roll out! [post 3 of 3]
6-24-2018 Intel Guru Frank26 ...the PCC is landing outside of the borders of Iraq...While the CBI and her BB’s (baby banks – merchant outlets) were in the process of issuing cards inside of Iraq for the citizens to purchase with, they made these cards to purchase with outside of Iraq too. IMO, Iraq is nearing a partial convertibility of their currency. Inside Iraq at 1:1 for the citizens and now outside of Iraq on an International level electronically as well...At low volumes that will be traded on the FOREX ...to test the global markets for the supply and demand need of the IQD. [post 2 of 3....stay tuned]
6-24-2018 Intel Guru Frank26 [via sunny] ...During Eid, the CBI went through a campaign of passing out cards. Cash advancements via E Dinars to the citizens...The citizens are being introduced IMO, to purchasing power – PP. During that same process they were introduced to International cards and guided to POS (point of sale) for the introduction of LD’s to come once they lift the restrictions on their currency. MC’s an Visa’s were passed out during Eid. Qi cards were distributed for pay and retirement via E Dinars...All of this was done “inside of Iraq,” ...for the citizens because the RI is about the citizens and all of the citizens...will be introduced to a 1:1 PP... ...Then, there was an article that came out a couple of days ago telling you about the CBI and a “partial convertibility of their currency” soon to come. But where...is the PCC going to land? (PPC – Partial Convertibility Currency) This is your golden spike... [post 1 of 3....stay tuned]
6-24-2018 Newshound/Intel Guru BGG Article: "The largest bloc was settled away from Maliki’s coalition .. Sadr will officially announce from Baghdad" Quote: “An agreement was reached on the formation of a cross-sectarian alliance between coalition and victory and victory,” Abadi said during a joint news conference with al-Sadr." This makes it… pretty much a SLAM DUNK. Sadr, Abadi (which I thought would happen all along), Ameri (slight surprise) and Hakim = PLENTY. I predict they will also include all the Sunnis and Kurds who wish to be included. This may well be the most inclusive Iraqi GOI yet. Like I said in the beginning… relax. Let this happen.
6-24-2018 Intel Guru Frank26 At the present program rate there is very little interest for the global markets to buy, sell and trade with the Dinar at a penny stock return. But the key is that IMO, the PCC started a while ago and is in a position to receive a rate change that would cause great interest in the global market, because at the program rate, the CBI cannot measure supply and demand for their currency...Outside of Iraq an RV will evolve because inside of Iraq the RI was successful with the citizens. ...Many tools are now in positions electronically to distribute the LD’s. Notice everything we share is now being targeted to a bullseye – the RI! ...our faces are pressed up against the RI wall, the final phases of the RI roll out! [post 3 of 3]
6-24-2018 Intel Guru Frank26 ...the PCC is landing outside of the borders of Iraq...While the CBI and her BB’s (baby banks – merchant outlets) were in the process of issuing cards inside of Iraq for the citizens to purchase with, they made these cards to purchase with outside of Iraq too. IMO, Iraq is nearing a partial convertibility of their currency. Inside Iraq at 1:1 for the citizens and now outside of Iraq on an International level electronically as well...At low volumes that will be traded on the FOREX ...to test the global markets for the supply and demand need of the IQD. [post 2 of 3....stay tuned]
6-24-2018 Intel Guru Frank26 [via sunny] ...During Eid, the CBI went through a campaign of passing out cards. Cash advancements via E Dinars to the citizens...The citizens are being introduced IMO, to purchasing power – PP. During that same process they were introduced to International cards and guided to POS (point of sale) for the introduction of LD’s to come once they lift the restrictions on their currency. MC’s an Visa’s were passed out during Eid. Qi cards were distributed for pay and retirement via E Dinars...All of this was done “inside of Iraq,” ...for the citizens because the RI is about the citizens and all of the citizens...will be introduced to a 1:1 PP... ...Then, there was an article that came out a couple of days ago telling you about the CBI and a “partial convertibility of their currency” soon to come. But where...is the PCC going to land? (PPC – Partial Convertibility Currency) This is your golden spike... [post 1 of 3....stay tuned]
6-23-2018 Newshound/Intel Guru Mnt Goat ...a German company namely Bertelsmann Stiftung, did a currency analysis of Iraq from 2015 to 2017...this report ...is telling us the CBI does NOT intend to float the currency starting from the 1190 CBI rate. Next it tells us some kind of significant increase ($1.17-1.71 or ?) is going to happen from day 1 on the reinstatement, then this starting rate will by [be ?] the launching rate on the global currency exchanges namely FOREX. ...it is not going to take years or even months to get to a significant value rise that we want to go to the bank. It is going to come right out of the gate with a substantial increase in value probably very close to $1.80 - $2.00 or a bit higher now that all the reforms are in place.
6-23-2018 Newshound Guru Kaperoni I saw...that someone posted that they expected Iraq to get into the WTO soon...it's not happening but a year-and-a-half ago the WTO told Iraq until they reduce the dependence on oil there's no chance...I believe the number they said was 70%. Iraq has a long ways to go before they're ready for the WTO. The reference of the WTO in itself does encourage currency reform which is a good thing. In other words before Iraq gets in the WTO they're going to need a private sector and begin to produce exports that will reduce the dependence on oil then they'll be ready for the WTO.
6-23-2018 Intel Guru RayRen98 EVERYTHING IS LOOKING GOOD...DON'T FOCUS ALL OF YOUR ATTENTION ON THE POLITICS OF IRAQ.
6-23-2018 Newshound Guru Breitling People are always asking, “Is this going to be a slow float or is it going to be fast?” I think there is going to be a hard revaluation and it goes up from there. But what if there is a small float in-between? It doesn’t mean anything. They are going to have to add a real value to their currency. Otherwise they are not going to be able to financially make it. They can maintain, but their country is going to come apart…I think it’s coming down the road fast…
6-23-2018 Newshound/Intel Guru Mnt Goat Thus, the dinar is still to be pegged (and must be pegged to something) and yet can still be put on a float. The IMF has told us many times they fully intent to peg the dinar on an SDR basket of 5 currencies initially and then allow it to go on a managed free float. ...This is all spelled out already by the CBI years ago what they intend to do. But the important part here I want to emphasize is that when the CBI changes over from the de-facto peg of just the US dollar to the SDR basket, a new rate must be re-established according to the new peg, the SDR basket...This new peg adjustment to the rate is the rate everyone is talking about when they refer to an RV. [post 3 of 3]
6-23-2018 Newshound/Intel Guru Mnt Goat I do not agree with his analysis...on this issue of a Float vs Peg. [reference Guru Kaperoni post 6-19-2018, part 2] ...the “peg” that the Iraqi dinar is currently on is a “de facto” peg, pegged to the US dollar only. A currency, any currency, must be pegged to something to stabilize it’s value thus something to relate it to. Putting the dinar on a float and pegging the dinar are entirely two different things...It is not one or the other...but BOTH. A currency can still be pegged and the also placed on a managed float at the same time. These are two different tools. The float allows for ease of fluctuations in the rate as demand suggests in the market. A peg is used to attach a currency to another country’s currency (or countries currencies) to stabilize it’s value and spread the risk (so that if one fails the others still maintain some value and they all don’t crash). [post 2 of 3....stay tuned]
6-23-2018 Newshound Guru Kaperoni I saw...that someone posted that they expected Iraq to get into the WTO soon...it's not happening but a year-and-a-half ago the WTO told Iraq until they reduce the dependence on oil there's no chance...I believe the number they said was 70%. Iraq has a long ways to go before they're ready for the WTO. The reference of the WTO in itself does encourage currency reform which is a good thing. In other words before Iraq gets in the WTO they're going to need a private sector and begin to produce exports that will reduce the dependence on oil then they'll be ready for the WTO.
6-23-2018 Intel Guru RayRen98 EVERYTHING IS LOOKING GOOD...DON'T FOCUS ALL OF YOUR ATTENTION ON THE POLITICS OF IRAQ.
6-23-2018 Newshound Guru Breitling People are always asking, “Is this going to be a slow float or is it going to be fast?” I think there is going to be a hard revaluation and it goes up from there. But what if there is a small float in-between? It doesn’t mean anything. They are going to have to add a real value to their currency. Otherwise they are not going to be able to financially make it. They can maintain, but their country is going to come apart…I think it’s coming down the road fast…
6-23-2018 Newshound/Intel Guru Mnt Goat Thus, the dinar is still to be pegged (and must be pegged to something) and yet can still be put on a float. The IMF has told us many times they fully intent to peg the dinar on an SDR basket of 5 currencies initially and then allow it to go on a managed free float. ...This is all spelled out already by the CBI years ago what they intend to do. But the important part here I want to emphasize is that when the CBI changes over from the de-facto peg of just the US dollar to the SDR basket, a new rate must be re-established according to the new peg, the SDR basket...This new peg adjustment to the rate is the rate everyone is talking about when they refer to an RV. [post 3 of 3]
6-23-2018 Newshound/Intel Guru Mnt Goat I do not agree with his analysis...on this issue of a Float vs Peg. [reference Guru Kaperoni post 6-19-2018, part 2] ...the “peg” that the Iraqi dinar is currently on is a “de facto” peg, pegged to the US dollar only. A currency, any currency, must be pegged to something to stabilize it’s value thus something to relate it to. Putting the dinar on a float and pegging the dinar are entirely two different things...It is not one or the other...but BOTH. A currency can still be pegged and the also placed on a managed float at the same time. These are two different tools. The float allows for ease of fluctuations in the rate as demand suggests in the market. A peg is used to attach a currency to another country’s currency (or countries currencies) to stabilize it’s value and spread the risk (so that if one fails the others still maintain some value and they all don’t crash). [post 2 of 3....stay tuned]
6-22-2018 *** Dinar Guru UPDATE *** The CBI FINALLY UPDATED the market rate yesterday!. It appears they have successfully maintained compliance with the IMF 2% for 90 days! This is a huge accomplishment. Guru Kaperoni and the other gurus who feel this is important for the dinar believe the CBI must maintain the 2% rule and send a letter to the IMF requesting/accepting Article VIII if they want to take the next step with the dinar. You can see the CBI official rates in the left column of this page. Stay tuned as the gurus chime in on this very important subject. The latest guru posts will continue below...
6-22-2018 Newshound/Intel Guru Mnt Goat FLOAT vs PEG...[Guru] Kaperoni insists that the dinar will not be revalued and that it is not even going to go through a reinstatement. He believes the market will drive up the value of the dinar. ...Sure I too believe there is not a planned “revaluation” from the sense of the IMF terminology. Rather the term “revaluation” most of us are now using is being used to mean ANY substantial increase in the value of the dinar worth going to the bank to exchange. In other words, some kind of return on my investment. But here is the important part... How will the IMF re-peg the dinar to the SDR basket of 5 currencies without adjusting the rate?...I tend to like Kaperoni because he is a good researcher and tries very hard to keep things factual and accrate. However...
[post 1 of 3....stay tuned]
6-22-2018 Newshound Guru Adam Montana [Regarding the Article 8 requirement that a country must maintain no more than a 2% differntial between the official rate and the market rate for 90 days before it can transition to Article 8.... Since Iraq finally was able to maintain that compliance for 90 days as Friday, June 15, and since Iraq does not appear to have been motivated to do that until now, do you agree this is a good indication that Iraq wants to move to Article 8 shortly, especially since they've been had trouble maintaining less than 2% previously?] Compliance/entry into Article 8 does not magically influence the world to resume trading IQD in the same manner as we do other currencies you can find at any old exchange desk... all the way down to the mexican peso! Thinking about it this way can be a bit of a distraction, so I try not to put a ton of emphasis or importance on "Article 8". The IQD will become "internationally recognized" once Iraq itself puts their faith into it - and that will be symbolized/shown with an RV. When the CBI changes the rate, nobody will care about Article 8.
6-22-2018 Newshound/Intel Guru tman23 The truth of the matter is Iraq has plans to implement monetary reform and get off the additional 3 zero money system. ...THE FIRST THING YOU WILL SEE HAPPEN... The Introduction of the new currency... This is NOT A TURN ON THE ATM EVENT AND RELEASE THE NEW CURRENCY NOTES... THIS WILL BE AN EDUCATIONAL PROCESS. They will introduce and describe the new currency notes and security features to EVERYONE...EVERYONE WILL SEE THE START OF THE EDUCATIONAL PROCESS AT THE SAME TIME ON THE NEW CURRENCY AND NOT JUST INSIDE OF IRAQ... PEOPLE TRAVEL TO IRAQ AND EXCHANGE TO USE THEIR CURRENCY SO THE WORLD WILL KNOW OF THIS CURRENCY NOT JUST IRAQI'S... This is an exact statement made in Iraq "The new currency must come first as a prelude to lifting the 3 zeros from the currency notes"...Make SENSE? AND 3 zero notes will never ever FLOAT...
6-22-2018 Newshound Guru Don961 "Iraq discloses designs for redenominated banknotes slated for July 2013" Were they poised to do this in 2013??? ... did DRS [Dr. Shabibi] and the CBI have everything ready to launch??...oh yes!!!... ...this article came out in July 2012... "The independence of the CBI suffered a setback in January 2011 when former Prime Minister al-Maliki won a court ruling that placed independent institutions, including the CBI, under the control of the cabinet. In January 2012, the CBI raised the exchange rate of the Iraqi dinar to $1.19, causing a huge crisis that led the Supreme Judicial Council to issue an arrest warrant for CBI governor Sinan al-Shabibi in October 2012 on charges of corruption." It was that close!!!...imo.
6-22-2018 Newshound Guru BobTheTaxMan …The sanctions that were imposed on the CBI had been taken off and what people may not realize is that the Central Bank of Iran (not Iraq) have been siphoning U.S. Dollars from the CBI into Iran…Well the Central Bank of Iraq was approached by the U.S. government saying, “hey this doesn’t help us…this isn’t going to work and you’re still under sanctions.” So the CBI says we see what you’re saying so they shut them off [Iran]…if you would have watched the news you would have seen where the Central Bank of Iran had sanctions imposed upon it and the flow of money going to them got cut off because the Central Bank of Iraq said nope we’re done. One week later the sanctions that were imposed [On the CBI} since clear back in the 90’s (since the invasion of Kuwait) are now gone. The CBI is fully functional. It has the ability to do everything it needs to do…
6-22-2018 Newshound Guru Kaperoni [Many...say that the CBI has said "NO FLOAT"...] A float solves that issue...here is the problem with that "no float" comment...the CBI has stated on at least 10 times they will float...my view is that the CBI was simply saying they could not float at the time...which makes sense...they were out of compliance and not ready... if the CBI expects (and they do) large investors investment coming to Iraq it will create pressure on the financial system...A peg must go...there is only one alternative...a float...and the IMF made it clear...move to a more liberal exchange rate regime... it will rise fast then... put the words liberal exchange rate regime in google...those are the IMF words not mine...answer...floating or flexible exchange rate. [post 3 of 3]
6-22-2018 Newshound Guru Kaperoni If I was a Lop guy it would be different but with a float, its the same result just slower... dont know how fast it rise...[What does "Deleting the 000" mean to you?] it mean two things 1. a LOP 2. raise the value and the zeros go away ...with 60 trillion + dinar in circulation we better hope they decide to raise the value gradually via float because the alternative is a LOP. I am not saying they will, in fact I believe they won't but there cannot be a RV or RI with that much dinar on the streets and those who say they are reducing it are wrong...you cannot reduce the money supply when the CBI has currency auctions...they can remove the paper, but the money supply has to remain...the auctions are a balance of dinar to dollars. drawing one or the other in creates demand which would throw the spread out of wack. So until the auction end they cannot reduce the money supply substantially... [post 2 of 3....stay tuned]
6-22-2018 Newshound Guru Kaperoni ...the IMF made it clear in 2012..move to a more liberal exchange rate regime...That is a float...but this is not some random act...the reasons are clear...the CBI needs a mechanism to counter inflationary pressure...the float is the mechanism. [If they send a request to be put in Article 8 will that be known publicly?] the IMF should publish that yes but...I believe the best chance for that would be at the same time as when they have their Article IV Consultation...sorta give the CBI a rubber stamp of approval...usually those are in March, but a few years ago they had one in June...So I am expecting it soon... I do expect the CBI to accept Article VIII soon though... [Guru] Enorrste thinks anytime and they won't wait for the GOI, I not so sure...CBI got to be antsy... risky if falls out of compliance. [post 1 of 3....stay tuned]
6-22-2018 Intel Guru Bruce ...we are in a very good position right now. I heard some things yesterday that were telling us just exactly how close we were. Even though we didn’t get a start last night or this morning [Thursday], we are in good place for that to take place. ...I will say now Iraq did their thing. We got word out of Fallujah that today Iraq did make their announcement about their elections and did essentially what they needed to do...Also, they did have a reinstatement of their rate...I believe they have their actual revalued rate ready to go. When you are down to the wire, really down to where you can see that finish line and cross through and break through that tape like we are going to do, there is not a whole lot else that I can even think of that we need to know. I am excited about our timing. I have heard of a specific time frame that we are looking at right now for this.
[post 1 of 3....stay tuned]
6-22-2018 Newshound Guru Adam Montana [Regarding the Article 8 requirement that a country must maintain no more than a 2% differntial between the official rate and the market rate for 90 days before it can transition to Article 8.... Since Iraq finally was able to maintain that compliance for 90 days as Friday, June 15, and since Iraq does not appear to have been motivated to do that until now, do you agree this is a good indication that Iraq wants to move to Article 8 shortly, especially since they've been had trouble maintaining less than 2% previously?] Compliance/entry into Article 8 does not magically influence the world to resume trading IQD in the same manner as we do other currencies you can find at any old exchange desk... all the way down to the mexican peso! Thinking about it this way can be a bit of a distraction, so I try not to put a ton of emphasis or importance on "Article 8". The IQD will become "internationally recognized" once Iraq itself puts their faith into it - and that will be symbolized/shown with an RV. When the CBI changes the rate, nobody will care about Article 8.
6-22-2018 Newshound/Intel Guru tman23 The truth of the matter is Iraq has plans to implement monetary reform and get off the additional 3 zero money system. ...THE FIRST THING YOU WILL SEE HAPPEN... The Introduction of the new currency... This is NOT A TURN ON THE ATM EVENT AND RELEASE THE NEW CURRENCY NOTES... THIS WILL BE AN EDUCATIONAL PROCESS. They will introduce and describe the new currency notes and security features to EVERYONE...EVERYONE WILL SEE THE START OF THE EDUCATIONAL PROCESS AT THE SAME TIME ON THE NEW CURRENCY AND NOT JUST INSIDE OF IRAQ... PEOPLE TRAVEL TO IRAQ AND EXCHANGE TO USE THEIR CURRENCY SO THE WORLD WILL KNOW OF THIS CURRENCY NOT JUST IRAQI'S... This is an exact statement made in Iraq "The new currency must come first as a prelude to lifting the 3 zeros from the currency notes"...Make SENSE? AND 3 zero notes will never ever FLOAT...
6-22-2018 Newshound Guru Don961 "Iraq discloses designs for redenominated banknotes slated for July 2013" Were they poised to do this in 2013??? ... did DRS [Dr. Shabibi] and the CBI have everything ready to launch??...oh yes!!!... ...this article came out in July 2012... "The independence of the CBI suffered a setback in January 2011 when former Prime Minister al-Maliki won a court ruling that placed independent institutions, including the CBI, under the control of the cabinet. In January 2012, the CBI raised the exchange rate of the Iraqi dinar to $1.19, causing a huge crisis that led the Supreme Judicial Council to issue an arrest warrant for CBI governor Sinan al-Shabibi in October 2012 on charges of corruption." It was that close!!!...imo.
6-22-2018 Newshound Guru BobTheTaxMan …The sanctions that were imposed on the CBI had been taken off and what people may not realize is that the Central Bank of Iran (not Iraq) have been siphoning U.S. Dollars from the CBI into Iran…Well the Central Bank of Iraq was approached by the U.S. government saying, “hey this doesn’t help us…this isn’t going to work and you’re still under sanctions.” So the CBI says we see what you’re saying so they shut them off [Iran]…if you would have watched the news you would have seen where the Central Bank of Iran had sanctions imposed upon it and the flow of money going to them got cut off because the Central Bank of Iraq said nope we’re done. One week later the sanctions that were imposed [On the CBI} since clear back in the 90’s (since the invasion of Kuwait) are now gone. The CBI is fully functional. It has the ability to do everything it needs to do…
6-22-2018 Newshound Guru Kaperoni [Many...say that the CBI has said "NO FLOAT"...] A float solves that issue...here is the problem with that "no float" comment...the CBI has stated on at least 10 times they will float...my view is that the CBI was simply saying they could not float at the time...which makes sense...they were out of compliance and not ready... if the CBI expects (and they do) large investors investment coming to Iraq it will create pressure on the financial system...A peg must go...there is only one alternative...a float...and the IMF made it clear...move to a more liberal exchange rate regime... it will rise fast then... put the words liberal exchange rate regime in google...those are the IMF words not mine...answer...floating or flexible exchange rate. [post 3 of 3]
6-22-2018 Newshound Guru Kaperoni If I was a Lop guy it would be different but with a float, its the same result just slower... dont know how fast it rise...[What does "Deleting the 000" mean to you?] it mean two things 1. a LOP 2. raise the value and the zeros go away ...with 60 trillion + dinar in circulation we better hope they decide to raise the value gradually via float because the alternative is a LOP. I am not saying they will, in fact I believe they won't but there cannot be a RV or RI with that much dinar on the streets and those who say they are reducing it are wrong...you cannot reduce the money supply when the CBI has currency auctions...they can remove the paper, but the money supply has to remain...the auctions are a balance of dinar to dollars. drawing one or the other in creates demand which would throw the spread out of wack. So until the auction end they cannot reduce the money supply substantially... [post 2 of 3....stay tuned]
6-22-2018 Newshound Guru Kaperoni ...the IMF made it clear in 2012..move to a more liberal exchange rate regime...That is a float...but this is not some random act...the reasons are clear...the CBI needs a mechanism to counter inflationary pressure...the float is the mechanism. [If they send a request to be put in Article 8 will that be known publicly?] the IMF should publish that yes but...I believe the best chance for that would be at the same time as when they have their Article IV Consultation...sorta give the CBI a rubber stamp of approval...usually those are in March, but a few years ago they had one in June...So I am expecting it soon... I do expect the CBI to accept Article VIII soon though... [Guru] Enorrste thinks anytime and they won't wait for the GOI, I not so sure...CBI got to be antsy... risky if falls out of compliance. [post 1 of 3....stay tuned]
6-22-2018 Intel Guru Bruce ...we are in a very good position right now. I heard some things yesterday that were telling us just exactly how close we were. Even though we didn’t get a start last night or this morning [Thursday], we are in good place for that to take place. ...I will say now Iraq did their thing. We got word out of Fallujah that today Iraq did make their announcement about their elections and did essentially what they needed to do...Also, they did have a reinstatement of their rate...I believe they have their actual revalued rate ready to go. When you are down to the wire, really down to where you can see that finish line and cross through and break through that tape like we are going to do, there is not a whole lot else that I can even think of that we need to know. I am excited about our timing. I have heard of a specific time frame that we are looking at right now for this.
6-21-2018 Intel Guru RayRen98 The Federal Court announced the legitimacy of the third amendment to the election law voted by Parliament. Salim Shawqi was stated as saying, "The decision of the Federal Court was expected, but the results of the elections will not have a major significance." PM Abadi is "expected" to immediately commence the arrest of the crooked politicians who lost their seats on July 1, 2018. He is also expected to start an investigation seeking those responsible for the fall of Mosul as previously requested by Sadr. Implementation of the economic reforms is expected immediately following the placement of the new Parliament members. Citizens have been in a two-week awareness campaign of the new changes by posting lower denoms on the billboards for all to see.
6-21-2018 Newshound Guru Adam Montana [...could the OPEC meeting this week help move the HCL to completion?] I don't think so. I think passing the HCL will prompt another OPEC meeting, but OPEC related matters are going to continue "business as usual" until Iraq actually makes a move on the HCL. With any luck, and the way things are going, I'm hoping to see that happen soon. And I'll welcome the "emergency OPEC meeting" with open arms!
6-21-2018 Newshound/Intel Guru Mnt Goat When will they get this election drama over? ...Going past July 1st will be very dangerous for Iraq especially if the have to go to a “provisional” govt. In the midst of trying to get investors to buy into their 5 year re-development plan, I would place my money on July 1st. It will not look very good if they can’t even get their government formed in a timely manner. Remember they are NOT yet late. They still have until July 1st when the current govt expires. ...I would not count on anything substantial to come out of the CBI until at least after July 1st sometime. If Abadi gets back in for a second term we may see the project to delete the zeros started up again to the final stages sooner than later. If someone else is selected, we just might have to wait it out the full 90 days and it might be later rather than sooner.
6-21-2018 Newshound Guru Kaperoni There can never be an RV or an RI or any other singular event because there's just too much currency in circulation. That is a fact. I'm not saying that dinar will never go up, in fact I believe it will, but it's never going to go up overnight it's going to go up over time and it'll be directly related to the investors and investment in the country.
6-21-2018 Newshound Guru Breitling One of the main things out there is the misconception is that the Iraqi Dinar is not internationally recognized. That’s absolute garbage. Of course it is. I bought my dinar from Chase bank…A lot of us got into the Iraqi Dinar. And then some of them got out of it…so what did they do? They took their currency to Chase Bank and got their money back, minus the 2% or whatever it was that the bank charged. There is no law given by the United States government or the Treasury department or anybody like that that you can’t buy and sell Iraqi dinar. There is no law against it. To sell it you just go get a license to sell it. Well banks were doing that all day long back in the those days. The only reason they stopped was because it was disrupting business. You had little old ladies calling the banks every single day, “Hey, didn’t the Iraqi Dinar revalue?” based on the hype…They simply stopped. Aggressively. That’s how bad it disrupted business.
6-21-2018 Intel Guru Frank26 [via sunny] The POS with MasterCard and Visa’s is HUGE! This POS [Point of sale] is crucial to the bankers and investors. Because of the POS the banking system of Iraq has changed dramatically. Their business and personal accounts are open to the world. ...The door for...contracts is open to the world. ...The POS is talking clearly about a price change in Iraq...The cost of goods in Iraq is about to change because of the POS...Their purchasing power has increased due to the POS...this is not a revalue. This is a reinstatement, a roll out within the country of Iraq...It’s reinstatement material. THIS POS IS TALKING ABOUT A RATE CHANGE IN IRAQ!!! ...The CBI and her BB’s are now set up for the reinstatement. (BB’s – Mom and Pop stores, ATM’s are baby banks.) This action ends the auctions, the corruption. This puts the reinstatement on a real fast track.
6-21-2018 Newshound Guru Kaperoni [well the bandwagon came and went. 90 days over. No Article 8?...] ...I never said they would move. I said it was a requirement TO move to Article VIII. Compliance is important to the IMF. That being said, i do expect the CBI to write the letter accepting Art VIII as soon as possible. I stated in March that not only would Iraq have to meet IMF compliance but they probably would wait for the formation of the new GOI before accepting Article VIII. That being said, waiting is risky for the CBI. Iraq needs to end the auctions to stop the risk of depleting reserves, they need investment, and they need to put people back to work. If they fall out of compliance they will be required to go another 3 months maintaining the spread at 2% or less. Risky... These requirements are not flexible. The CBI has to prove they can do this in order to move to Article VIII. These are the big boys, bankers who know what they are doing.
6-21-2018 Newshound Guru Adam Montana [...aside from the HCL happening, what else do you think has to happen for the RV to become a reality?] The immediate need is the election results... Iraq needs a captain for their ship. This should be done in short order, and then we're back on the hunt for HCL.
6-21-2018 Newshound Guru Adam Montana [...could the OPEC meeting this week help move the HCL to completion?] I don't think so. I think passing the HCL will prompt another OPEC meeting, but OPEC related matters are going to continue "business as usual" until Iraq actually makes a move on the HCL. With any luck, and the way things are going, I'm hoping to see that happen soon. And I'll welcome the "emergency OPEC meeting" with open arms!
6-21-2018 Newshound/Intel Guru Mnt Goat When will they get this election drama over? ...Going past July 1st will be very dangerous for Iraq especially if the have to go to a “provisional” govt. In the midst of trying to get investors to buy into their 5 year re-development plan, I would place my money on July 1st. It will not look very good if they can’t even get their government formed in a timely manner. Remember they are NOT yet late. They still have until July 1st when the current govt expires. ...I would not count on anything substantial to come out of the CBI until at least after July 1st sometime. If Abadi gets back in for a second term we may see the project to delete the zeros started up again to the final stages sooner than later. If someone else is selected, we just might have to wait it out the full 90 days and it might be later rather than sooner.
6-21-2018 Newshound Guru Kaperoni There can never be an RV or an RI or any other singular event because there's just too much currency in circulation. That is a fact. I'm not saying that dinar will never go up, in fact I believe it will, but it's never going to go up overnight it's going to go up over time and it'll be directly related to the investors and investment in the country.
6-21-2018 Newshound Guru Breitling One of the main things out there is the misconception is that the Iraqi Dinar is not internationally recognized. That’s absolute garbage. Of course it is. I bought my dinar from Chase bank…A lot of us got into the Iraqi Dinar. And then some of them got out of it…so what did they do? They took their currency to Chase Bank and got their money back, minus the 2% or whatever it was that the bank charged. There is no law given by the United States government or the Treasury department or anybody like that that you can’t buy and sell Iraqi dinar. There is no law against it. To sell it you just go get a license to sell it. Well banks were doing that all day long back in the those days. The only reason they stopped was because it was disrupting business. You had little old ladies calling the banks every single day, “Hey, didn’t the Iraqi Dinar revalue?” based on the hype…They simply stopped. Aggressively. That’s how bad it disrupted business.
6-21-2018 Intel Guru Frank26 [via sunny] The POS with MasterCard and Visa’s is HUGE! This POS [Point of sale] is crucial to the bankers and investors. Because of the POS the banking system of Iraq has changed dramatically. Their business and personal accounts are open to the world. ...The door for...contracts is open to the world. ...The POS is talking clearly about a price change in Iraq...The cost of goods in Iraq is about to change because of the POS...Their purchasing power has increased due to the POS...this is not a revalue. This is a reinstatement, a roll out within the country of Iraq...It’s reinstatement material. THIS POS IS TALKING ABOUT A RATE CHANGE IN IRAQ!!! ...The CBI and her BB’s are now set up for the reinstatement. (BB’s – Mom and Pop stores, ATM’s are baby banks.) This action ends the auctions, the corruption. This puts the reinstatement on a real fast track.
6-21-2018 Newshound Guru Kaperoni [well the bandwagon came and went. 90 days over. No Article 8?...] ...I never said they would move. I said it was a requirement TO move to Article VIII. Compliance is important to the IMF. That being said, i do expect the CBI to write the letter accepting Art VIII as soon as possible. I stated in March that not only would Iraq have to meet IMF compliance but they probably would wait for the formation of the new GOI before accepting Article VIII. That being said, waiting is risky for the CBI. Iraq needs to end the auctions to stop the risk of depleting reserves, they need investment, and they need to put people back to work. If they fall out of compliance they will be required to go another 3 months maintaining the spread at 2% or less. Risky... These requirements are not flexible. The CBI has to prove they can do this in order to move to Article VIII. These are the big boys, bankers who know what they are doing.
6-21-2018 Newshound Guru Adam Montana [...aside from the HCL happening, what else do you think has to happen for the RV to become a reality?] The immediate need is the election results... Iraq needs a captain for their ship. This should be done in short order, and then we're back on the hunt for HCL.
6-20-2018 Intel Guru Frank26 [via sunny] Deep in my heart, I really think we are here! Based on things I've been seeing, and what WS [Guru Walkingstick] said, they are on an accelerated pace to push this thing through...very shortly! They will be one to one in country when they reinstate their currency. They are about to take the first step in the RI. IOO...the CBI, the banks are on the cusp to do it NOW!
6-20-2018 Newshound Guru Mailman17 THATS NOT SAYING A FLOAT IS OUT OF THE QUESTION, BUT THERE ARE MORE THAN ONE TYPE OF FLOAT. IMO, THEY WILL COME OUT WITH A MANAGED FLOAT, AT 1-1 UNDER THEIR CONTROL AS TO WHETHER IT GOES UP OR DOWN ON ANY GIVEN DAY. LETS FACE IT, NO ONE IN THEIR RIGHT MIND IS GONNA TURN IN ANYTHING AT A 1200-1 KNOWING FULL WELL THE MARKET WILL DRIVE IT UP FAST. IRAQ NEEDS THESE NOTES IN THEIR CONTROL AND A FLOAT FROM 1200 IS NOT AN OPTION. AND IT ALSO GIVES THE IRAQIS PURCHASING POWER WHICH IS THE KICKSTART THAT ECONOMY NEEDS. AS ALWAYS THIS IS JMHO. [post 2 of 2]
6-20-2018 Newshound Guru Mailman17 AHHHH...THE NEVER ENDING ARGUMENT THAT HAS GONE ON FOR YEARS, MYSELF ARGUING MY POINT OF VIEW AND OTHERS WITH THEIR RESPECTIVE VIEWS. ONE SIDE SAYING FLOAT, THE OTHER FIXED RATE. THE ONLY THING I CAN SAY, IS THAT SHABS SAID MORE THAN ONCE THAT WHEN THE DINAR WAS READY TO HIT THE MARKET, HIS GOAL WAS THAT THE INITIAL RATE WAS TO BE ON PAR WITH THE DOLLAR. THAT MEANS 1-1. AND THAT MAKES SENSE IF YOUR ABOUT TO DISTRIBUTE LOWER DENOMS. [post 1 of 2....stay tuned]
6-20-2018 Intel Guru Bruce ...Iraq is coming off their holiday Eid al-Fitr. It started Friday and today [Tuesday] is their last day. What is significant is their ISX, Iraq Stock Exchange, has been down throughout the holiday. It is getting ready to come back up... Wednesday, June 20th...presumably with the new rate of the dinar...I believe we are at the point where because where we are because of the international banking week, we can go at any moment. ...I am excited about where we are. I think we are on the cuff of this thing going.
6-20-2018 Newshound Guru BobTheTaxMan ...which we already know they’ve accomplished and they must begin to reduce the note count, which we already know it’s accomplishing. And the price of oil which has been the primary source of money infusing into their system right now is relatively high. But they also know that’s going to go down. So the time’s coming when all of this is going to shift…the CBI is the administrative adjunct in this whole thing. They’re the ones that when they say they’re going to do something, so far they’ve done it and it’s been pretty dang amazing. [Post 2 of 2]
6-20-2018 Newshound Guru BobTheTaxMan The heart of what’s going on here is the CBI…No one has really thought about why that dirty float is in place. We call it a dirty float simply because it’s a controlled float. It doesn’t go with the markets. It’s being administered/managed in my opinion correctly. They have a goal to accomplish and the only way for them to do that is to keep the value of it down…They understand that the day will come when the change in that currency is going to occur. To accomplish that though, the CBI has to have a reservoir of a certain amount of money…[Post 1 of 2]
6-20-2018 Newshound Guru Adam Montana I don’t know about you, but that seemed like the longest Ramadan ever! ...Ramadan + Elections is never an easy situation to analyze, and this year is proving no different. It’s pretty much impossible to determine exactly how this year will turn out, but over the next couple days I expect to see more definitive answers. Once that’s done, we’re on to the next phases. Since we’re in that limbo state for a couple days, I won’t speculate much about the course of things… the good news is we should only have a couple of days to wait for this to develop and give us a better picture to the future. The bottom line right now is that Iraq is hashing out the elections, determining a victor, and we'll be moving forward shortly. I fully expect things to start ramping back up for us in Dinar Land...
6-20-2018 Intel Guru Delta [via sunny] CBI has had been 100% compliant within the 2% range for 90 days. Dr. Shabibi said in 2014 the dinar could go at $1.19. ...CBI needs over $3.+ 20%. When Obama pulled all the troops out of Iraq, ISIS moved in and that delayed the RV... Looks like we are very, very close!! Banks now linked with merchants through the POS (point of sale). Next is the release of the small bills (lower denominations). They are 100% ready to pull the trigger...June looks very solid... In Iraq, Dinar will be 1 to 1 with USA. Internationally the rate will increase, climb and be capped later in 2018.
6-20-2018 Newshound Guru Mailman17 THATS NOT SAYING A FLOAT IS OUT OF THE QUESTION, BUT THERE ARE MORE THAN ONE TYPE OF FLOAT. IMO, THEY WILL COME OUT WITH A MANAGED FLOAT, AT 1-1 UNDER THEIR CONTROL AS TO WHETHER IT GOES UP OR DOWN ON ANY GIVEN DAY. LETS FACE IT, NO ONE IN THEIR RIGHT MIND IS GONNA TURN IN ANYTHING AT A 1200-1 KNOWING FULL WELL THE MARKET WILL DRIVE IT UP FAST. IRAQ NEEDS THESE NOTES IN THEIR CONTROL AND A FLOAT FROM 1200 IS NOT AN OPTION. AND IT ALSO GIVES THE IRAQIS PURCHASING POWER WHICH IS THE KICKSTART THAT ECONOMY NEEDS. AS ALWAYS THIS IS JMHO. [post 2 of 2]
6-20-2018 Newshound Guru Mailman17 AHHHH...THE NEVER ENDING ARGUMENT THAT HAS GONE ON FOR YEARS, MYSELF ARGUING MY POINT OF VIEW AND OTHERS WITH THEIR RESPECTIVE VIEWS. ONE SIDE SAYING FLOAT, THE OTHER FIXED RATE. THE ONLY THING I CAN SAY, IS THAT SHABS SAID MORE THAN ONCE THAT WHEN THE DINAR WAS READY TO HIT THE MARKET, HIS GOAL WAS THAT THE INITIAL RATE WAS TO BE ON PAR WITH THE DOLLAR. THAT MEANS 1-1. AND THAT MAKES SENSE IF YOUR ABOUT TO DISTRIBUTE LOWER DENOMS. [post 1 of 2....stay tuned]
6-20-2018 Intel Guru Bruce ...Iraq is coming off their holiday Eid al-Fitr. It started Friday and today [Tuesday] is their last day. What is significant is their ISX, Iraq Stock Exchange, has been down throughout the holiday. It is getting ready to come back up... Wednesday, June 20th...presumably with the new rate of the dinar...I believe we are at the point where because where we are because of the international banking week, we can go at any moment. ...I am excited about where we are. I think we are on the cuff of this thing going.
6-20-2018 Newshound Guru BobTheTaxMan ...which we already know they’ve accomplished and they must begin to reduce the note count, which we already know it’s accomplishing. And the price of oil which has been the primary source of money infusing into their system right now is relatively high. But they also know that’s going to go down. So the time’s coming when all of this is going to shift…the CBI is the administrative adjunct in this whole thing. They’re the ones that when they say they’re going to do something, so far they’ve done it and it’s been pretty dang amazing. [Post 2 of 2]
6-20-2018 Newshound Guru BobTheTaxMan The heart of what’s going on here is the CBI…No one has really thought about why that dirty float is in place. We call it a dirty float simply because it’s a controlled float. It doesn’t go with the markets. It’s being administered/managed in my opinion correctly. They have a goal to accomplish and the only way for them to do that is to keep the value of it down…They understand that the day will come when the change in that currency is going to occur. To accomplish that though, the CBI has to have a reservoir of a certain amount of money…[Post 1 of 2]
6-20-2018 Newshound Guru Adam Montana I don’t know about you, but that seemed like the longest Ramadan ever! ...Ramadan + Elections is never an easy situation to analyze, and this year is proving no different. It’s pretty much impossible to determine exactly how this year will turn out, but over the next couple days I expect to see more definitive answers. Once that’s done, we’re on to the next phases. Since we’re in that limbo state for a couple days, I won’t speculate much about the course of things… the good news is we should only have a couple of days to wait for this to develop and give us a better picture to the future. The bottom line right now is that Iraq is hashing out the elections, determining a victor, and we'll be moving forward shortly. I fully expect things to start ramping back up for us in Dinar Land...
6-20-2018 Intel Guru Delta [via sunny] CBI has had been 100% compliant within the 2% range for 90 days. Dr. Shabibi said in 2014 the dinar could go at $1.19. ...CBI needs over $3.+ 20%. When Obama pulled all the troops out of Iraq, ISIS moved in and that delayed the RV... Looks like we are very, very close!! Banks now linked with merchants through the POS (point of sale). Next is the release of the small bills (lower denominations). They are 100% ready to pull the trigger...June looks very solid... In Iraq, Dinar will be 1 to 1 with USA. Internationally the rate will increase, climb and be capped later in 2018.
6-19-2018 Newshound Guru Kaperoni Some people have said the CBI has been closed since last weekend due to Eid al-Fitr. Now that Ramadan is over it will be interesting.
6-19-2018 Intel Guru Delta Article quote: "...used outside Iraq and via the internet ..." [...today's articles on the MC (MasterCard) makes one go (crazy). Better than a knock out punch! Everyone should be seeing stars!!!] CERTAINLY NOT AT A PROGRAM RATE! GREAT STUFF...
6-19-2018 Newshound Guru Kaperoni When you reintegrate with the world's Financial system you must exit the peg and move to a float particularly in Iraq's instance this is important. The reason being as capital flows through the central banks Capital Account it will create inflation in the country. To counter such inflation being on a float allows the CBI to compensate by allowing the currency to appreciate. This is well-documented. The hope is that the currency will rise fast as a result of significant investment in the country and has been stated as the Balassa-Samuelson effect. If one is to believe the statement from the overview of Iraqi Finance 2018 they have significant investment lined up to come into the country. Many people have challenged me over the years to provide credentials. My response was I'm not asking anyone to put trust in what I say but to validate what I say in the very documents that I reference. [post 2 of 2]
6-19-2018 Newshound Guru Kaperoni [reference Whitelions post 6-19-2018] ...The CBI never talked about people around the world bringing in their currency to Banks... The 10 years is the fact that the CBI will honor their currency nothing more. ...all currencies go up and down... Why do you think they go up and down? Because they float. It's funny how many want to jump on the IMF bandwagon when I proved that the CBI must meet compliance before they could move to Article VIII. Yet those same people won't give any consideration to actual IMF statements about moving to a more liberal exchange rate regime... because it doesn't fit their RV, RI agenda!... Whether you agree with me or not...the fact is there will never be an overnight RV, RI event. The very thought of such a thing is contradictory to the purpose of monetary policy to begin with. There is a process...it is the same for any emerging-market country. [post 1 of 2....stay tuned]
6-19-2018 Newshound/Intel Guru Mnt Goat ...they finally...completed a full 90 day period without any violations. This period just expired on June 15th, Friday. Hurray! This is also part of why they adjusted their rate to 1190 suddenly. ...even though it seemed to us step in the wrong direction? It was done to overcome a possible +2% variance on the market vs the CBI/IMF rate. It was done to comply with the Article 8 rules. The IMF needs to know they can react to the market and manage the currency. They will need to do this when they go live internationally on all these trading platforms. ...they will NOT want to wait too long to apply to the IMF to move into Article 8, as there is a possibility that the rate could vary again and they would have to begin the 90 monitoring all over again. This could take months more.
6-19-2018 Newshound Guru Whitelions Question: "How are you going to control inflation when large sums of money come into a country if you're not going to float your currency?" [reference Guru Kaperoni post 6-19-18] In answer to [Guru] Kaperoni... According to the C.B.I People that have Dinar all over the world will bring it to there local banks and exchange it to their countrys currency ( they have 2 years to turn it in ). Their Local Banks will sell it to their country's Central Banks and they can hold it up to 10 years. From there the C.B.I. can call in the bills as they need them OR the Central Bank that is holding the bills can can exchange them at their leisure depending on the rate if it is up or down. AND before you get all bent out of shape...ALL Currency's around the world go up and down on a daily basis and NONE of them are on a FLOAT and remember the C.B.I. said NO FLOAT. I hope this helps you .
6-19-2018 Newshound Guru Kaperoni Over the last couple of years there are more than 10 articles talking about floating the Iraq dinar. There is only one article that talks about the timing is not right to float the Iraqi dinar. My money is on the directives from the IMF, Iraq will float it is the only option. By definition moving to a more liberal exchange rate regime is moving to a float. Monetary policy is not a random act. Changing exchange rate regimes going from a peg to a float Etc all have individual purposes...they are used to stabilize economies or combat inflation. Iraq is expecting a large influx of capital ...some say it's going to be the wild west of the Middle East this will put severe pressure on the financial system of the CBI. The recourse is get off the peg move to a float to combat the pressure allowing the currency to rise and value. [post 2 of 2]
6-19-2018 Newshound Guru Kaperoni How are you going to control inflation when large sums of money come into a country if you're not going to float your currency? All anyone needs to do is...read two or three of the documents from the IMF on the transition from fixed to float to understand how currency reform works. You cannot be pegged when large influxes of capital flow through the CBI, the only alternative to being pegged is a float. This is not guesswork, the IMF themselves told the CBI back in 2012 when they were about to transition the move to a more liberal exchange rate regime. The very definition of that is a float...we see the CBI follow the IMF time after time. Considering the IMF has an agreement with the CBI for monetary reform as well as trusteeship over the CBI the chances are very good that they'll follow what they recommend. [post 1 of 2....stay tuned]
6-19-2018 Intel Guru Delta Article quote: "...used outside Iraq and via the internet ..." [...today's articles on the MC (MasterCard) makes one go (crazy). Better than a knock out punch! Everyone should be seeing stars!!!] CERTAINLY NOT AT A PROGRAM RATE! GREAT STUFF...
6-19-2018 Newshound Guru Kaperoni When you reintegrate with the world's Financial system you must exit the peg and move to a float particularly in Iraq's instance this is important. The reason being as capital flows through the central banks Capital Account it will create inflation in the country. To counter such inflation being on a float allows the CBI to compensate by allowing the currency to appreciate. This is well-documented. The hope is that the currency will rise fast as a result of significant investment in the country and has been stated as the Balassa-Samuelson effect. If one is to believe the statement from the overview of Iraqi Finance 2018 they have significant investment lined up to come into the country. Many people have challenged me over the years to provide credentials. My response was I'm not asking anyone to put trust in what I say but to validate what I say in the very documents that I reference. [post 2 of 2]
6-19-2018 Newshound Guru Kaperoni [reference Whitelions post 6-19-2018] ...The CBI never talked about people around the world bringing in their currency to Banks... The 10 years is the fact that the CBI will honor their currency nothing more. ...all currencies go up and down... Why do you think they go up and down? Because they float. It's funny how many want to jump on the IMF bandwagon when I proved that the CBI must meet compliance before they could move to Article VIII. Yet those same people won't give any consideration to actual IMF statements about moving to a more liberal exchange rate regime... because it doesn't fit their RV, RI agenda!... Whether you agree with me or not...the fact is there will never be an overnight RV, RI event. The very thought of such a thing is contradictory to the purpose of monetary policy to begin with. There is a process...it is the same for any emerging-market country. [post 1 of 2....stay tuned]
6-19-2018 Newshound/Intel Guru Mnt Goat ...they finally...completed a full 90 day period without any violations. This period just expired on June 15th, Friday. Hurray! This is also part of why they adjusted their rate to 1190 suddenly. ...even though it seemed to us step in the wrong direction? It was done to overcome a possible +2% variance on the market vs the CBI/IMF rate. It was done to comply with the Article 8 rules. The IMF needs to know they can react to the market and manage the currency. They will need to do this when they go live internationally on all these trading platforms. ...they will NOT want to wait too long to apply to the IMF to move into Article 8, as there is a possibility that the rate could vary again and they would have to begin the 90 monitoring all over again. This could take months more.
6-19-2018 Newshound Guru Whitelions Question: "How are you going to control inflation when large sums of money come into a country if you're not going to float your currency?" [reference Guru Kaperoni post 6-19-18] In answer to [Guru] Kaperoni... According to the C.B.I People that have Dinar all over the world will bring it to there local banks and exchange it to their countrys currency ( they have 2 years to turn it in ). Their Local Banks will sell it to their country's Central Banks and they can hold it up to 10 years. From there the C.B.I. can call in the bills as they need them OR the Central Bank that is holding the bills can can exchange them at their leisure depending on the rate if it is up or down. AND before you get all bent out of shape...ALL Currency's around the world go up and down on a daily basis and NONE of them are on a FLOAT and remember the C.B.I. said NO FLOAT. I hope this helps you .
6-19-2018 Newshound Guru Kaperoni Over the last couple of years there are more than 10 articles talking about floating the Iraq dinar. There is only one article that talks about the timing is not right to float the Iraqi dinar. My money is on the directives from the IMF, Iraq will float it is the only option. By definition moving to a more liberal exchange rate regime is moving to a float. Monetary policy is not a random act. Changing exchange rate regimes going from a peg to a float Etc all have individual purposes...they are used to stabilize economies or combat inflation. Iraq is expecting a large influx of capital ...some say it's going to be the wild west of the Middle East this will put severe pressure on the financial system of the CBI. The recourse is get off the peg move to a float to combat the pressure allowing the currency to rise and value. [post 2 of 2]
6-19-2018 Newshound Guru Kaperoni How are you going to control inflation when large sums of money come into a country if you're not going to float your currency? All anyone needs to do is...read two or three of the documents from the IMF on the transition from fixed to float to understand how currency reform works. You cannot be pegged when large influxes of capital flow through the CBI, the only alternative to being pegged is a float. This is not guesswork, the IMF themselves told the CBI back in 2012 when they were about to transition the move to a more liberal exchange rate regime. The very definition of that is a float...we see the CBI follow the IMF time after time. Considering the IMF has an agreement with the CBI for monetary reform as well as trusteeship over the CBI the chances are very good that they'll follow what they recommend. [post 1 of 2....stay tuned]
6-18-2018 Newshound/Intel Guru Mnt Goat I still persist that mid-July is very good timeframe to maybe see the CBI moving ahead again on the project to delete the zeros. Yes, I do believe it is coming. Let’s just keep our fingers (and toes) crossed that nothing else comes up to interfere.
6-18-2018 Newshound Guru tlm724 Article: "dinar card is ready to use" Quotes: "announce International Islamic Ban announced launch first MasterCard card currency Iraqi dinar" "Ruffer used your card outside Iraq and through the Internet and the price of discharge according to the official price of the Central Bank of Iraq." ...very interesting. ...I researched the International Islamic Bank branch in Iraq...they do offer MasterCard and many benefits to their customers. Very good stuff...
6-18-2018 Newshound Guru Kaperoni 3 days now passed the 3-month IMF requirement, CBI continues to be in compliance at 1200 to $1.
6-18-2018 Newshound/Intel Guru Mnt Goat ...it’s mid June already and still the election process saga continues in Iraq. This is just 2 weeks prior to the end of the current government. Will they settle this saga prior to this time? They are already talking about a provisional government, this of course would be disastrous and will only lead to yet more shenanigans by Maliki and his goons. Will the UN or the USA step in to assist and settle this issue? We also know the MCP monitoring by the IMF ends... What does this mean? It means that the CBI will not want to allow too many days in between the signoff of the MCP and the reinstatement. We watch now for the next Article IV consultation session. The last consultation was completed on August 9, 2017 for the ending of the 5 year Stand-by-Agreement. This may very well be the final piece to the puzzle, allowing the CBI to continue to the next and final stage of the project to delete the zeros.
6-18-2018 Newshound Guru Daytrader [New Guru] I believe there have been a number of responses showing sound logic and article support for Iraq to move to a higher exchange rate. IMO the reason they must is because it is a WTO requirement that a members exchange rate accurately reflect the true value of its currency. Iraq has been working towards full WTO membership for several years, and looks as though they could be nearing acceptance. The WTO will not allow unfair trade practices within its membership, and Iraq's current exchange rate would not accurately reflect its true value. Also recall Alak "visited" with the IMF while in New York for the Central Bank Governors meeting last year. ...Alak was joined by an accounting firm believed to have completed an independent third party analysis of Iraq's resources. Their objective was to provide accurate data for the new exchange rate calculations with the IMF. IMO Iraq will not reinstate at the current exchange rate.
6-18-2018 Newshound Guru Kaperoni With 96% oil dependency Iraq must pay for everything from oil sales from infrastructure projects, salaries of employees, defense spending and of course a lot goes to corruption. Iraq's budget for 2018 was $88 billion dollars. Iraq currently produces about 4.5 million barrels per day of oil. They would have to make at least $62 a barrel to break even on the budget including production cost. This is why the idea of oil credits or selling oil for $32 is just not feasible. I've said for years the dinar that we hold that was sold outside Iraq will never go back...it was part of a controlled leak to prime the pump of sorts to create momentum for the Iraqi dinar worldwide which eventually will end up in other central banks around the world. [post 2 of 2]
6-18-2018 Newshound Guru Kaperoni ...Iraq is 96% dependent on oil sales what that means is they could never sell oil below market price because they would be under cutting their own budget. Remember 70% of the budget is wages as most Iraqi's are on the state payroll. Selling oil for $32 a barrel would prevent them for making payroll. Until Iraq and diversify and create a market economy and reduce the dependence on oil they are at the mercy of meeting that budget. The actual cost to produce a barrel of oil is about $10 yes but Iraq has many other expenses on top of that that make the sale of any oil for less than $40 not profitable. [post 1 of 2....stay tuned]
6-18-2018 Newshound Guru Whitelions ...the C.B.I has the LAST and ONLY word on how the monetary system works and they have TOLD the PEOPLE that there will BE NO FLOAT.
6-18-2018 Newshound Guru tlm724 Article: "dinar card is ready to use" Quotes: "announce International Islamic Ban announced launch first MasterCard card currency Iraqi dinar" "Ruffer used your card outside Iraq and through the Internet and the price of discharge according to the official price of the Central Bank of Iraq." ...very interesting. ...I researched the International Islamic Bank branch in Iraq...they do offer MasterCard and many benefits to their customers. Very good stuff...
6-18-2018 Newshound Guru Kaperoni 3 days now passed the 3-month IMF requirement, CBI continues to be in compliance at 1200 to $1.
6-18-2018 Newshound/Intel Guru Mnt Goat ...it’s mid June already and still the election process saga continues in Iraq. This is just 2 weeks prior to the end of the current government. Will they settle this saga prior to this time? They are already talking about a provisional government, this of course would be disastrous and will only lead to yet more shenanigans by Maliki and his goons. Will the UN or the USA step in to assist and settle this issue? We also know the MCP monitoring by the IMF ends... What does this mean? It means that the CBI will not want to allow too many days in between the signoff of the MCP and the reinstatement. We watch now for the next Article IV consultation session. The last consultation was completed on August 9, 2017 for the ending of the 5 year Stand-by-Agreement. This may very well be the final piece to the puzzle, allowing the CBI to continue to the next and final stage of the project to delete the zeros.
6-18-2018 Newshound Guru Daytrader [New Guru] I believe there have been a number of responses showing sound logic and article support for Iraq to move to a higher exchange rate. IMO the reason they must is because it is a WTO requirement that a members exchange rate accurately reflect the true value of its currency. Iraq has been working towards full WTO membership for several years, and looks as though they could be nearing acceptance. The WTO will not allow unfair trade practices within its membership, and Iraq's current exchange rate would not accurately reflect its true value. Also recall Alak "visited" with the IMF while in New York for the Central Bank Governors meeting last year. ...Alak was joined by an accounting firm believed to have completed an independent third party analysis of Iraq's resources. Their objective was to provide accurate data for the new exchange rate calculations with the IMF. IMO Iraq will not reinstate at the current exchange rate.
6-18-2018 Newshound Guru Kaperoni With 96% oil dependency Iraq must pay for everything from oil sales from infrastructure projects, salaries of employees, defense spending and of course a lot goes to corruption. Iraq's budget for 2018 was $88 billion dollars. Iraq currently produces about 4.5 million barrels per day of oil. They would have to make at least $62 a barrel to break even on the budget including production cost. This is why the idea of oil credits or selling oil for $32 is just not feasible. I've said for years the dinar that we hold that was sold outside Iraq will never go back...it was part of a controlled leak to prime the pump of sorts to create momentum for the Iraqi dinar worldwide which eventually will end up in other central banks around the world. [post 2 of 2]
6-18-2018 Newshound Guru Kaperoni ...Iraq is 96% dependent on oil sales what that means is they could never sell oil below market price because they would be under cutting their own budget. Remember 70% of the budget is wages as most Iraqi's are on the state payroll. Selling oil for $32 a barrel would prevent them for making payroll. Until Iraq and diversify and create a market economy and reduce the dependence on oil they are at the mercy of meeting that budget. The actual cost to produce a barrel of oil is about $10 yes but Iraq has many other expenses on top of that that make the sale of any oil for less than $40 not profitable. [post 1 of 2....stay tuned]
6-18-2018 Newshound Guru Whitelions ...the C.B.I has the LAST and ONLY word on how the monetary system works and they have TOLD the PEOPLE that there will BE NO FLOAT.
6-17-2018 Newshound Guru Kaperoni [...You can’t take value away from iraq and iraq be stronger and never give value back.] It was never taken away, it devalued due to sanctions if you want to call that taken away so be it. And yes, it should rise up again.
6-17-2018 Newshound/Intel Guru Mnt Goat If you want the kind of returns on your simple exchange of the dinar you are holding then you will have to wait until Iraq is ready. It is that simple... The CBI technically is ready and they told us just last April the “project to delete the zeros” is done as far as they could go and are ready to move on to the final stage. This was terrific news...But then the economists, consulting the govt, told us they will probably plan to wait until after the elections to go forward with it to this final stage. This was done not so much due to the election instability but because they needed elimination of this currency MANIPULATION and FRAUD and the CBI came right out and told us this too. This was in dealing with the currency auctions. We recently read that four (4) banks can no longer do business with the CBI and are prohibited from participating in the auctions or any funded CBI banking programs. So are they now ready? Why else would they have begun their re-education program if they are not intending to move ahead again?
6-17-2018 Newshound Guru Kaperoni ...Iraq would never sell oil for $32 a barrel that's less than it costs them to get it out of the ground. ...Iraq can sell oil on the open market every day of the week for market price...The truth is PM Advisor Saleh told us what will happen to the dinar many years ago when he said the dinar would be held in central banks around the world for a very long time. In other words, central banks are going to use it to prop up their own financial systems.
6-17-2018 Newshound/Intel Guru Mnt Goat If you want the kind of returns on your simple exchange of the dinar you are holding then you will have to wait until Iraq is ready. It is that simple... The CBI technically is ready and they told us just last April the “project to delete the zeros” is done as far as they could go and are ready to move on to the final stage. This was terrific news...But then the economists, consulting the govt, told us they will probably plan to wait until after the elections to go forward with it to this final stage. This was done not so much due to the election instability but because they needed elimination of this currency MANIPULATION and FRAUD and the CBI came right out and told us this too. This was in dealing with the currency auctions. We recently read that four (4) banks can no longer do business with the CBI and are prohibited from participating in the auctions or any funded CBI banking programs. So are they now ready? Why else would they have begun their re-education program if they are not intending to move ahead again?
6-17-2018 Newshound Guru Kaperoni ...Iraq would never sell oil for $32 a barrel that's less than it costs them to get it out of the ground. ...Iraq can sell oil on the open market every day of the week for market price...The truth is PM Advisor Saleh told us what will happen to the dinar many years ago when he said the dinar would be held in central banks around the world for a very long time. In other words, central banks are going to use it to prop up their own financial systems.
6-16-2018 Newshound/Intel Guru Mnt Goat ...then the bank makes their spread. Forth,... then the US Treasury (US govt) makes billions off of brokering the oil credits to oil companies so they get the oil as discounted prices from Iraq. Some of the oil credits are already sold to other countries that did not participate in the gulf wars. This already helped beef up the gold reserves for the US under Basil III. It is win-win situation for all parties... I want you to truly know your investment and know there is so much money to be made in this process that this event MUST happen. [post 2 of 2]
6-16-2018 Newshound/Intel Guru Mnt Goat Question: ...WHEN WE EXCHANGE DOESN’T THE US TREASURY HAVE TO COME UP WITH BILLIONS OF DOLLARS. ACCORDING TO THE SCENARIO YOU JUST DESCRIBED THEY WON’T GET THIS MONEY BACK UNTIL OVER THE NEXT 30 YEARS. HOW CAN THE US AND OTHER COUNTRIES AFFORD THIS? [Reference Guru Mnt Goat post 6-16-2018 below] Have you ever heard of “electronic banking”? The US Treasury is funded already to cover these projected amounts. The massive profits to be made at all levels of the transfer of the dinar once it leaves your hands, as the investor, boggles the mind. First there was the money made on a spread when the online currency broker or bank sold the dinar to you. Second is the money you make as the investor on the initial exchange. Third... [post 1 of 2....stay tuned]
6-16-2018 Newshound Guru Kaperoni Great news! The CBI has officially met the IMF 3-month requirement to maintain the official rate/ market-rate spread at 2% or less. This requirement was a prerequisite to acceptance into IMF Article VIII. They must continue to maintain that until they make the decision to move to Article VIII. If they fall out of compliance they will have to begin the 3-month requirement again. Many believe the CBI will not take that risk and will write the letter to the IMF requesting and accepting Article VIII right away. Personally, I don't think the CBI will move until the new government has been formed. Others disagree but we'll just have to wait and see. Accepting Article VIII has significant benefits to us as investors. The dinar becomes internationally-recognized and convertible and would also require the CBI to move off the peg to some type of float to counter inflationary pressure created by investors/investment. Since Iraq has yet to hold their annual Article IV Consultation with the IMF I expect that will occur at the same time as them accepting Article VIII.
6-16-2018 Newshound/Intel Guru Mnt Goat The banks will gladly accept the Iraqi dinar because they know they can broker the currency to the US Treasury with a spread (mark-up). Some of it they will hold themselves and trade. The US Treasury will then take the dinar and transfer it over to the Iraqi CBI, where credits for oil at future market price is locked in and already agreed to years ago. Some say at $32/barrel. I am not certain if this is true or not but I now it is substantially below the projected market price over the next 30 years. So you see the more dinar that is exchanged, the better it is for the economy of the country exchanging it back to Iraq. So I would not worry about the volume of currency going back to Iraq. This is all well planned out. [post 2 of 2]
6-16-2018 Newshound/Intel Guru Mnt Goat THERE ARE SO MANY NOW INVESTED WITH DINAR. HOW CAN IRAQ AFFORD TO PAY FOR THIS EXCHANGE? Iraq will pay for the currency exchange through oil credits. In simple terms only countries that participated in the wars will benefit from oil credits, unless they managed to buy them from a country that did. Question: How will these oil credits work? Under normal times any bank would not want to handle this much exchange of any middle eastern currency. It would be way too risky. ...But these are not normal situations for the Iraqi dinar... [post 1 of 2....stay tuned]
6-16-2018 Newshound Guru Kaperoni Is Iraq on the cusp of currency reform? Now that they've met the latest IMF requirement they could be close to beginning to raise the value. It makes little sense for the CBI to wait since ending the currency auctions, opening up to investors and putting people back to work all benefits Iraq. All at the risk of falling out of compliance and having to start the 3-month 2% or less requirement over again.
6-16-2018 Newshound/Intel Guru Mnt Goat Question: ...WHEN WE EXCHANGE DOESN’T THE US TREASURY HAVE TO COME UP WITH BILLIONS OF DOLLARS. ACCORDING TO THE SCENARIO YOU JUST DESCRIBED THEY WON’T GET THIS MONEY BACK UNTIL OVER THE NEXT 30 YEARS. HOW CAN THE US AND OTHER COUNTRIES AFFORD THIS? [Reference Guru Mnt Goat post 6-16-2018 below] Have you ever heard of “electronic banking”? The US Treasury is funded already to cover these projected amounts. The massive profits to be made at all levels of the transfer of the dinar once it leaves your hands, as the investor, boggles the mind. First there was the money made on a spread when the online currency broker or bank sold the dinar to you. Second is the money you make as the investor on the initial exchange. Third... [post 1 of 2....stay tuned]
6-16-2018 Newshound Guru Kaperoni Great news! The CBI has officially met the IMF 3-month requirement to maintain the official rate/ market-rate spread at 2% or less. This requirement was a prerequisite to acceptance into IMF Article VIII. They must continue to maintain that until they make the decision to move to Article VIII. If they fall out of compliance they will have to begin the 3-month requirement again. Many believe the CBI will not take that risk and will write the letter to the IMF requesting and accepting Article VIII right away. Personally, I don't think the CBI will move until the new government has been formed. Others disagree but we'll just have to wait and see. Accepting Article VIII has significant benefits to us as investors. The dinar becomes internationally-recognized and convertible and would also require the CBI to move off the peg to some type of float to counter inflationary pressure created by investors/investment. Since Iraq has yet to hold their annual Article IV Consultation with the IMF I expect that will occur at the same time as them accepting Article VIII.
6-16-2018 Newshound/Intel Guru Mnt Goat The banks will gladly accept the Iraqi dinar because they know they can broker the currency to the US Treasury with a spread (mark-up). Some of it they will hold themselves and trade. The US Treasury will then take the dinar and transfer it over to the Iraqi CBI, where credits for oil at future market price is locked in and already agreed to years ago. Some say at $32/barrel. I am not certain if this is true or not but I now it is substantially below the projected market price over the next 30 years. So you see the more dinar that is exchanged, the better it is for the economy of the country exchanging it back to Iraq. So I would not worry about the volume of currency going back to Iraq. This is all well planned out. [post 2 of 2]
6-16-2018 Newshound/Intel Guru Mnt Goat THERE ARE SO MANY NOW INVESTED WITH DINAR. HOW CAN IRAQ AFFORD TO PAY FOR THIS EXCHANGE? Iraq will pay for the currency exchange through oil credits. In simple terms only countries that participated in the wars will benefit from oil credits, unless they managed to buy them from a country that did. Question: How will these oil credits work? Under normal times any bank would not want to handle this much exchange of any middle eastern currency. It would be way too risky. ...But these are not normal situations for the Iraqi dinar... [post 1 of 2....stay tuned]
6-16-2018 Newshound Guru Kaperoni Is Iraq on the cusp of currency reform? Now that they've met the latest IMF requirement they could be close to beginning to raise the value. It makes little sense for the CBI to wait since ending the currency auctions, opening up to investors and putting people back to work all benefits Iraq. All at the risk of falling out of compliance and having to start the 3-month 2% or less requirement over again.
6-15-2018 Newshound/Intel Guru Mnt Goat BUT IF THEY REPLACE THE 3 ZERO NOTES WON’T WHAT WE HOLD BE WORTHLESS? If they did have this in their plan, this would be called a “lop” which is a technical term for restarting an economy fresh from a hyper-inflated situation including other strict measures too to control the economy. This is not the care [case?] in Iraq since they report almost monthly that inflation is now under control and around only 2%. The CBI has also told us they DO NOT intent to conduct a “lop” in Iraq but rather to coincide the two sets of currencies (3 zero notes and the newer category notes) for up to 10 years. We are holding some of these 3 zero notes and so when the value is significantly increased in order to come back to pre-gulf war levels this will be legal currency of Iraq. We simply go to the bank and exchange it for the currency of our own country (i.e. Canadian dollars, US dollars, Euro, etc). [Post 2 of 2]
6-15-2018 Newshound/Intel Guru BGG Article: "State law: Maliki agreed to join the alliance of the Sadr government to form a “patriarchal” government!" I don’t see this as some deep, meaningful alliance with Maliki. In fact, Abadi may well be wishing he had sent stronger signals earlier if this keeps on… OR – it could be the leverage Sadr needs to get Abadi off the “can” – so to speak.
6-15-2018 Newshound/Intel Guru Mnt Goat Question: SO HOW DO WE COME INTO THIS PICTURE THEN, AS INVESTORS? We are only going to benefit from this process in that we know that these very large 3 zero notes are temporary...and the notes would be someday replaced with more normalized lower denominations...once they controlled the inflation and could stabilize the government and economy again. This has now all happened. This replacement of currency is way overdue. [post 1 of 2....stay tuned]
6-15-2018 Intel Guru Bruce The Qi cards especially the new Master card that is tied to Rafidain Bank in Iraq has been issued and is operational for people...any citizen...Iraqi citizen has and can utilize the Qi card and can be paid in dinar. I mentioned to you over a week or two weeks ago that the dinar has revalued in country. I don’t care if we can’t see it on the website or see it at its true value. ...Iraq has done their thing. They were held while up by the UN last week and they finally got released on that. They are moving and shaking right now. How do we know all this? I told you...we had...3 tankers coming here...to the United States...those tankers carrying over 20 million barrels of oil they will be paid in Iraqi dinar backed from our government. ...We are really excited about that. They start their Eid Al Fitr holiday...June 15th. So for...5 days...the ISX won’t be trading during the holiday period. I can bet on the 2oth when it comes back Iraq will be trading at what is known as a newly revalued dinar stating the 20th.
6-15-2018 Newshound Guru Breitling …the last report I got, the dinar was at 4 billion notes. I don’t know what it’s at right now. They could have added a billion notes to the note count. I don’t know. But I know what needs to be done. I know what the management team for the dinar want to do. And I know they can do it. It’s that simple. I’m willing to take the risk.
6-15-2018 Intel Guru Frank26 [via sunny] This week CBI uploaded all data for New ATM machines and all software updates completed. This includes all banks working with the CBI outside of Iraq’s Borders. The update of electronic software is done. The CBI linked banks inside Iraq in a 24 hour period. The ATM’s now capable of receiving data for small notes. ...There is no option to withdraw a small note yet. The citizens are unaware the ATM’s are ready to dispense the small notes yet. It’s unknown at this time when the ATM’s will dispense small notes. By the UNSC releasing and unfreezing the CBI assets it allows the IQD (Iraq Dinar) to leave Iraq’s borders – to go International, and free Iraq of the program rate...The next step is to take the small notes to the ATM machines. The rate has to change first.
6-15-2018 Newshound Guru Kaperoni The CBI is now allowing consumers in Iraq to get cash back from point-of-sale transactions up to 2 million Iraqi dinar per day with a small fee. Now why would they do this if there was a RV or RI about to happen? They wouldn't! There is no RV or RI. As I've said over and over and over again monetary policy just doesn't work that way. Once the CBI accepts IMF Article VIII they will get off the peg and move to some kind of a float which will allow the dinar to gradually rise over time. The pace of that rise is yet to be determined. Could the Iraqi dinar ever rise to a dollar in value? Yes I believe it could but it'll take time. The process to raise the value will be based on sound monetary policy not some overnight event.
6-15-2018 Newshound/Intel Guru BGG Article: "State law: Maliki agreed to join the alliance of the Sadr government to form a “patriarchal” government!" I don’t see this as some deep, meaningful alliance with Maliki. In fact, Abadi may well be wishing he had sent stronger signals earlier if this keeps on… OR – it could be the leverage Sadr needs to get Abadi off the “can” – so to speak.
6-15-2018 Newshound/Intel Guru Mnt Goat Question: SO HOW DO WE COME INTO THIS PICTURE THEN, AS INVESTORS? We are only going to benefit from this process in that we know that these very large 3 zero notes are temporary...and the notes would be someday replaced with more normalized lower denominations...once they controlled the inflation and could stabilize the government and economy again. This has now all happened. This replacement of currency is way overdue. [post 1 of 2....stay tuned]
6-15-2018 Intel Guru Bruce The Qi cards especially the new Master card that is tied to Rafidain Bank in Iraq has been issued and is operational for people...any citizen...Iraqi citizen has and can utilize the Qi card and can be paid in dinar. I mentioned to you over a week or two weeks ago that the dinar has revalued in country. I don’t care if we can’t see it on the website or see it at its true value. ...Iraq has done their thing. They were held while up by the UN last week and they finally got released on that. They are moving and shaking right now. How do we know all this? I told you...we had...3 tankers coming here...to the United States...those tankers carrying over 20 million barrels of oil they will be paid in Iraqi dinar backed from our government. ...We are really excited about that. They start their Eid Al Fitr holiday...June 15th. So for...5 days...the ISX won’t be trading during the holiday period. I can bet on the 2oth when it comes back Iraq will be trading at what is known as a newly revalued dinar stating the 20th.
6-15-2018 Newshound Guru Breitling …the last report I got, the dinar was at 4 billion notes. I don’t know what it’s at right now. They could have added a billion notes to the note count. I don’t know. But I know what needs to be done. I know what the management team for the dinar want to do. And I know they can do it. It’s that simple. I’m willing to take the risk.
6-15-2018 Intel Guru Frank26 [via sunny] This week CBI uploaded all data for New ATM machines and all software updates completed. This includes all banks working with the CBI outside of Iraq’s Borders. The update of electronic software is done. The CBI linked banks inside Iraq in a 24 hour period. The ATM’s now capable of receiving data for small notes. ...There is no option to withdraw a small note yet. The citizens are unaware the ATM’s are ready to dispense the small notes yet. It’s unknown at this time when the ATM’s will dispense small notes. By the UNSC releasing and unfreezing the CBI assets it allows the IQD (Iraq Dinar) to leave Iraq’s borders – to go International, and free Iraq of the program rate...The next step is to take the small notes to the ATM machines. The rate has to change first.
6-15-2018 Newshound Guru Kaperoni The CBI is now allowing consumers in Iraq to get cash back from point-of-sale transactions up to 2 million Iraqi dinar per day with a small fee. Now why would they do this if there was a RV or RI about to happen? They wouldn't! There is no RV or RI. As I've said over and over and over again monetary policy just doesn't work that way. Once the CBI accepts IMF Article VIII they will get off the peg and move to some kind of a float which will allow the dinar to gradually rise over time. The pace of that rise is yet to be determined. Could the Iraqi dinar ever rise to a dollar in value? Yes I believe it could but it'll take time. The process to raise the value will be based on sound monetary policy not some overnight event.
6-14-2018 Intel Guru RayRen98 The CBI is informing its citizens that cash can be withdrawn at cash sales places but limited to 2 million. This is for Dinar ONLY! PM Abadi on TV stating that its business as usual through June 30, 2018, the...new administration takes over July 1, 2018. He is telling the losers not to request an extension of time via the courts due to violations of their constitution. The Iraqi stock exchange will not be trading during the EID al-Fitr holiday of June 15 - June 19. The first trading session will be on June 20, 2018
6-14-2018 Intel/Newshound Gurus Delta/Walkingstick [via sunny] I do believe nothing will happen this week and I hope I’m wrong. I do believe they are going to...pull the trigger sometime the last week of June. . . I believe the action by the UNSC was really significant and that gave the “green light” to the Central Bank of Iraq to go ahead and do it! The 2% was accomplished on March 15th. That means June 15th is going to be exactly the 90 days required by the IMF. We might not see anything until the last 10 days or week of June...This is 100% going forward...Exchange rate is controlled by the IMF, World Bank, UST, Trump. Waiting for "launch code" to go. All banks around world set to go with CBI.
6-14-2018 Intel Guru Bruce You wonder whether the Iraq dinar is complete, whether it is there, whether it has a rate there yet. Why would Iraq have 5 ships on the water full of Oil heading to the US unless they had a currency ready to utilize. They got that coming. It is on the way. I think two are arriving and 3 will be by Friday/Saturday. That is good to know. I will say this that I feel very good where we are right now.
6-14-2018 Newshound Guru Breitling We have new people getting into the dinar and they’re trying to learn what you and I learned a long long time ago. The question is: “If there’s trillions notes in the hands of the Iraqi citizens…when the value increase wouldn’t the vast majority of Iraq’s citizens become instant millionaires?” No. Again, when the value of the dinar goes up in Iraq, remember everything is at a tenth of a penny, and when you go up to buy a coke or a candy bar it’s at a tenth of a penny. So when it goes up a dollar, they are going to charge you a dollar for the coke…Services and goods are going to rise up with the value as the currency goes up. But you and I don’t live in that world. Why? Because we bought the currency with the US dollar…They are not going to be instant millionaires overnight…That’s the difference. Iraqis did not exchange dollars for their dinar…
6-14-2018 Intel Guru Delta IQD BUY & SELL IRAQI MARKET
10-Jun... 1198- 1196
11-Jun... 1201- 1198
12-Jun... 1201- 1198
13-Jun... 1201- 1196
...TODAY MARK THE 90 DAY FOR THE 2%….GOOD JOB CBI...
6-14-2018 Newshound Guru Kaperoni Well today is almost compliance day. Our unofficial countdown is down to just hours now to meet the 3-month requirement. Today's market rate in Iraq appears to be 1210 to $1 still within compliance but creeping close to the limit of 1214.
6-14-2018 Newshound/Intel Guru Mnt Goat Also that soon the ATM's will be providing all needed dinar notes, including the new category notes. This appears to be happening all over Iraq. WOW! I think they are getting ready to turn on the ATMs and launch the newer category notes (the lower denominations). We know that when they move ahead again with the project to delete the zeros this may mean a significant change in the dinar value and the listing of the currency once again on FOREX and the other major global exchanges. This is when we go to the bank….lol..lol…lol… [post 2 of 2]
6-14-2018 Newshound/Intel Guru Mnt Goat It appears the CBI is ramping up the project to delete the zeros again in light of all this election drama going on. We could be heading into a very good timeframe. ...I told everyone...that the clue to us as to when the time is short for the reinstatement of the Iraqi dinar is when they would have to first go through a final re-education process just like they did in 2012 and again in 2015. Well I am hearing that this process is beginning now. But I don’t see how they can possibly back out of this one and “postpone” it again like in the past. This is the very good news we wanted. Baghdad News reported that billboard signs are informing the citizens of the gradual phase-out of any use the US dollar and strict use of the dinar. [post 1 of 2....stay tuned]
6-14-2018 Intel/Newshound Gurus Delta/Walkingstick [via sunny] I do believe nothing will happen this week and I hope I’m wrong. I do believe they are going to...pull the trigger sometime the last week of June. . . I believe the action by the UNSC was really significant and that gave the “green light” to the Central Bank of Iraq to go ahead and do it! The 2% was accomplished on March 15th. That means June 15th is going to be exactly the 90 days required by the IMF. We might not see anything until the last 10 days or week of June...This is 100% going forward...Exchange rate is controlled by the IMF, World Bank, UST, Trump. Waiting for "launch code" to go. All banks around world set to go with CBI.
6-14-2018 Intel Guru Bruce You wonder whether the Iraq dinar is complete, whether it is there, whether it has a rate there yet. Why would Iraq have 5 ships on the water full of Oil heading to the US unless they had a currency ready to utilize. They got that coming. It is on the way. I think two are arriving and 3 will be by Friday/Saturday. That is good to know. I will say this that I feel very good where we are right now.
6-14-2018 Newshound Guru Breitling We have new people getting into the dinar and they’re trying to learn what you and I learned a long long time ago. The question is: “If there’s trillions notes in the hands of the Iraqi citizens…when the value increase wouldn’t the vast majority of Iraq’s citizens become instant millionaires?” No. Again, when the value of the dinar goes up in Iraq, remember everything is at a tenth of a penny, and when you go up to buy a coke or a candy bar it’s at a tenth of a penny. So when it goes up a dollar, they are going to charge you a dollar for the coke…Services and goods are going to rise up with the value as the currency goes up. But you and I don’t live in that world. Why? Because we bought the currency with the US dollar…They are not going to be instant millionaires overnight…That’s the difference. Iraqis did not exchange dollars for their dinar…
6-14-2018 Intel Guru Delta IQD BUY & SELL IRAQI MARKET
10-Jun... 1198- 1196
11-Jun... 1201- 1198
12-Jun... 1201- 1198
13-Jun... 1201- 1196
...TODAY MARK THE 90 DAY FOR THE 2%….GOOD JOB CBI...
6-14-2018 Newshound Guru Kaperoni Well today is almost compliance day. Our unofficial countdown is down to just hours now to meet the 3-month requirement. Today's market rate in Iraq appears to be 1210 to $1 still within compliance but creeping close to the limit of 1214.
6-14-2018 Newshound/Intel Guru Mnt Goat Also that soon the ATM's will be providing all needed dinar notes, including the new category notes. This appears to be happening all over Iraq. WOW! I think they are getting ready to turn on the ATMs and launch the newer category notes (the lower denominations). We know that when they move ahead again with the project to delete the zeros this may mean a significant change in the dinar value and the listing of the currency once again on FOREX and the other major global exchanges. This is when we go to the bank….lol..lol…lol… [post 2 of 2]
6-14-2018 Newshound/Intel Guru Mnt Goat It appears the CBI is ramping up the project to delete the zeros again in light of all this election drama going on. We could be heading into a very good timeframe. ...I told everyone...that the clue to us as to when the time is short for the reinstatement of the Iraqi dinar is when they would have to first go through a final re-education process just like they did in 2012 and again in 2015. Well I am hearing that this process is beginning now. But I don’t see how they can possibly back out of this one and “postpone” it again like in the past. This is the very good news we wanted. Baghdad News reported that billboard signs are informing the citizens of the gradual phase-out of any use the US dollar and strict use of the dinar. [post 1 of 2....stay tuned]
6-13-2018 Newshound Guru Whitelions ...their politics are so complex with forming coalitions some times they are forced to get into bed with people they don't respect or believe in. [...isn't Ameri tied in with Iran?] so what if he is what is the big deal...as long as they raise the value of the dinar. for me that's just a distraction away from the process of...raising the value, what I watch is how they are moving on the Banks and WTO and what they are doing to bring in employment. their working with Iran is a good thing in the end no matter what you think...they have held to their agreement with the world and are moving into the world trade and Iraq will move into it too...this is what we should be watching. Trade announces the establishment of 368 national companies during the month of April.
6-13-2018 Intel Guru Bruce This is interesting, because normally we sort of start with Iraq and get bored waiting for Iraq to post a rate or put this or that in the Gazette, or put their election results in. I don’t care anymore, because it’s a done deal. It has been done. If they want to take their time to put out their rate and let it be known internationally so be it. They are done. They have revalued in country. We know the rate. It is no secret to me. We know the rate, we know it’s good, and we know they have already done it.
6-13-2018 Newshound Guru Kaperoni ...There is no RV...can never be a RV there's too much currency in circulation for any kind of an overnight event. If we're lucky the CBI will move to a float and allow the dinar to gradually rise over time allowing the currency in circulation to be reduced. I've talked about this for years as this would be the process for the CBI to open the banking system to International Investment and investors.
6-13-2018 Newshound Guru Adam Montana ...Oil news is steady right now. GOI news is stable. For all intents and purposes, Abadi is moving forward in a pretty strong leadership fashion - I like it! Ramadan is less than 2 days from being over...and I'm personally excited to see how things go! I'm not anticipating an immediate RV, but rather a steady progression of news related to the recent elections, followed by more OIL related news, then HCL, and THEN we will be in the "zone". This may take another month to get stars aligned, or it may be a mad rush... either way, I'm getting busy here at the office in preparation for whatever is coming.
6-13-2018 Intel Guru Frank26 For the UNSC to release sanctions speaks volumes. It’s telling the International world we have confidence in Iraq...in their banking system...in their government. The CBI has made multiple announcements and a massive media effort from the CBI will follow.
6-13-2018 Intel Guru RayRen98 Baghdad news and billboard signs are informing the citizens of the gradual phase-out of the US dollar and that soon the ATM's will be providing all needed notes, including the lower denomination notes. Al-Fallujah, approximately 43 miles away, is reporting the same type of information.
6-13-2018 Newshound Guru Breitling It’s not a coincidence that Iraq got out of these sanctions knowing where the price per barrel is going to go and the next thing you know they’re out of these sanctions… So they are not going to have as many US dollars because the price per barrel is going to go down. What are they going to use? They are going to use the Iraqi dinar. So it’s a big huge deal for us. They were going to revalue anyways but now they’re open to that much more of the market and the market is that much more open to them. It was a huge weekend. People should be excited. This thing is going to come down…that’s reality….Everything is set in place. They are going to revalue their currency. They’re going to add value to it. They are going to have to... [Post 2 of 2]
6-13-2018 Newshound Guru Breitling Phenomenal news out of Iraq. What happened…is going to push the revaluation of the dinar that much quicker and that much more…Security council…letting the CBI out of sanctions that happen on June 6th or 7th…It’s a big deal for us. There are a lot of entities and persons in Iraq that have been sanctioned and the CBI was one of them. People don’t realize this. The CBI could have revalued under the sanctions they were under. All they had to do was reduce the note count. So what does it mean for us?…[Post 1 of 2]
6-13-2018 Newshound/Intel Guru Walkingstick [via sunny] It’s important to understand Iraq has a seated government and Abadi is the Prime Minister. The election recount is just about being caused by government officials who are the "spoiled brats, the sore losers." Sadr will appoint Abadi as Prime Minister for a second term. He will not wait for a recount. The elections are over! The elections have nothing to do with Iraqi Dinar re-in statement. What you are now reading about in print like the UNSC release of ALL of the CBI’s frozen assets includes six to seven tons of gold. . . $81 Billion . . . those assets, even though frozen, accumulated interest for so many years. Iraq could have revalued before these assets were released but not at the rate they can since the release. Enough funds IMO they can come out at over $3.00 . . .with a higher rate than we anticipated.
6-13-2018 Intel Guru Delta [via sunny] The UN Security Council (UNSC) released all remaining sanctions of the last 16 years. This means the rate can go back to over $3.00. In 2003 the UN took Iraq’s currency, the dinar, down to 1/10 cent to prevent Sadaam from using funds for terrorism. The frozen assets the UNSC released of the Central Bank of Iraq (CBI) were in the mega $$. This is HUGE! Iraq will have their currency in a 2% compliant rate for 90 days on June 15 as required by the IMF. The Iraq currency needs to see re-instatment shortly. The revaluation is separate from the Iraq Elections. Alak, the CBI governor has said, "Lift restrictions on exchange rate 1st half of 2018." CBI will pull the trigger either the last week of June or last 10 days of June.
6-13-2018 Intel Guru Bruce This is interesting, because normally we sort of start with Iraq and get bored waiting for Iraq to post a rate or put this or that in the Gazette, or put their election results in. I don’t care anymore, because it’s a done deal. It has been done. If they want to take their time to put out their rate and let it be known internationally so be it. They are done. They have revalued in country. We know the rate. It is no secret to me. We know the rate, we know it’s good, and we know they have already done it.
6-13-2018 Newshound Guru Kaperoni ...There is no RV...can never be a RV there's too much currency in circulation for any kind of an overnight event. If we're lucky the CBI will move to a float and allow the dinar to gradually rise over time allowing the currency in circulation to be reduced. I've talked about this for years as this would be the process for the CBI to open the banking system to International Investment and investors.
6-13-2018 Newshound Guru Adam Montana ...Oil news is steady right now. GOI news is stable. For all intents and purposes, Abadi is moving forward in a pretty strong leadership fashion - I like it! Ramadan is less than 2 days from being over...and I'm personally excited to see how things go! I'm not anticipating an immediate RV, but rather a steady progression of news related to the recent elections, followed by more OIL related news, then HCL, and THEN we will be in the "zone". This may take another month to get stars aligned, or it may be a mad rush... either way, I'm getting busy here at the office in preparation for whatever is coming.
6-13-2018 Intel Guru Frank26 For the UNSC to release sanctions speaks volumes. It’s telling the International world we have confidence in Iraq...in their banking system...in their government. The CBI has made multiple announcements and a massive media effort from the CBI will follow.
6-13-2018 Intel Guru RayRen98 Baghdad news and billboard signs are informing the citizens of the gradual phase-out of the US dollar and that soon the ATM's will be providing all needed notes, including the lower denomination notes. Al-Fallujah, approximately 43 miles away, is reporting the same type of information.
6-13-2018 Newshound Guru Breitling It’s not a coincidence that Iraq got out of these sanctions knowing where the price per barrel is going to go and the next thing you know they’re out of these sanctions… So they are not going to have as many US dollars because the price per barrel is going to go down. What are they going to use? They are going to use the Iraqi dinar. So it’s a big huge deal for us. They were going to revalue anyways but now they’re open to that much more of the market and the market is that much more open to them. It was a huge weekend. People should be excited. This thing is going to come down…that’s reality….Everything is set in place. They are going to revalue their currency. They’re going to add value to it. They are going to have to... [Post 2 of 2]
6-13-2018 Newshound Guru Breitling Phenomenal news out of Iraq. What happened…is going to push the revaluation of the dinar that much quicker and that much more…Security council…letting the CBI out of sanctions that happen on June 6th or 7th…It’s a big deal for us. There are a lot of entities and persons in Iraq that have been sanctioned and the CBI was one of them. People don’t realize this. The CBI could have revalued under the sanctions they were under. All they had to do was reduce the note count. So what does it mean for us?…[Post 1 of 2]
6-13-2018 Newshound/Intel Guru Walkingstick [via sunny] It’s important to understand Iraq has a seated government and Abadi is the Prime Minister. The election recount is just about being caused by government officials who are the "spoiled brats, the sore losers." Sadr will appoint Abadi as Prime Minister for a second term. He will not wait for a recount. The elections are over! The elections have nothing to do with Iraqi Dinar re-in statement. What you are now reading about in print like the UNSC release of ALL of the CBI’s frozen assets includes six to seven tons of gold. . . $81 Billion . . . those assets, even though frozen, accumulated interest for so many years. Iraq could have revalued before these assets were released but not at the rate they can since the release. Enough funds IMO they can come out at over $3.00 . . .with a higher rate than we anticipated.
6-13-2018 Intel Guru Delta [via sunny] The UN Security Council (UNSC) released all remaining sanctions of the last 16 years. This means the rate can go back to over $3.00. In 2003 the UN took Iraq’s currency, the dinar, down to 1/10 cent to prevent Sadaam from using funds for terrorism. The frozen assets the UNSC released of the Central Bank of Iraq (CBI) were in the mega $$. This is HUGE! Iraq will have their currency in a 2% compliant rate for 90 days on June 15 as required by the IMF. The Iraq currency needs to see re-instatment shortly. The revaluation is separate from the Iraq Elections. Alak, the CBI governor has said, "Lift restrictions on exchange rate 1st half of 2018." CBI will pull the trigger either the last week of June or last 10 days of June.
6-12-2018 Newshound Guru Adam Montana 2 days...till end of
Ramadan! ...not that I'm excited to get this ball rolling or anything! Bring
it on, people! It's time to get this train moving again and we're in good
position.
6-12-2018 Newshound Guru Kaperoni Down to 2 days to meet compliance. [reference Guru Kaperoni post 6-10-2018 post 2 of 2] [Compliance with IMF's market vs official rate within 2% for 90 days rule]
6-12-2018 Newshound/Intel Guru Mnt Goat Article: "RECOUNTING WILL COST MILLIONS AND COULD STALL THE FORMATION OF THE NEW GOVERNMENT BY MONTHS" ...no one said they are still going ahead with the recounting. Sadr is just giving his opinion and some facts on the subject. The judiciary still has to rule if the legislation of Parliament if constitutional and also if it should apply to the recent election since the amendment to the election law was NOT in place at the time of the election. We still wait to hear for the ruling on this issue from the Judiciary. They were supposed to rule in 48 hours...
6-12-2018 Newshound Guru chattels Article: "Recount Will Test the Integrity of Iraq’s Elections" Quotes: " ...accusations of tampering with electronic voting machines, ballot box stuffing, voter intimidation, bribery, and misuse of voter IDs." "A recount carries significant political risks as well. It might delay the government formation process well into 2019 and cause further party fragmentation." Excellent article in voter fraud and recount in the Iraqi Election. Note that the author ideates on the possibility of the formation of a new government in Iraq being delayed until 2019. We shall see. Tune in tomorrow for another day in the life of the " democratic experiment " in Iraq. Democracy is a messy business. I have not abandoned hope for Iraq, but it is foolish to think that we can know what and when anything may happen.
6-12-2018 Newshound Guru Don961 Article: "Arrest of four accused in the burning of UNHCR warehouses in Rusafa" Quote: "The Supreme Judicial Council announced on Monday (June 11th, 2018) the arrest of four people, including three policemen and an employee of the Electoral Commission, who were accused of a fire in UNHCR warehouses in Rusafa."
6-12-2018 Newshound Guru Kaperoni Down to 2 days to meet compliance. [reference Guru Kaperoni post 6-10-2018 post 2 of 2] [Compliance with IMF's market vs official rate within 2% for 90 days rule]
6-12-2018 Newshound/Intel Guru Mnt Goat Article: "RECOUNTING WILL COST MILLIONS AND COULD STALL THE FORMATION OF THE NEW GOVERNMENT BY MONTHS" ...no one said they are still going ahead with the recounting. Sadr is just giving his opinion and some facts on the subject. The judiciary still has to rule if the legislation of Parliament if constitutional and also if it should apply to the recent election since the amendment to the election law was NOT in place at the time of the election. We still wait to hear for the ruling on this issue from the Judiciary. They were supposed to rule in 48 hours...
6-12-2018 Newshound Guru chattels Article: "Recount Will Test the Integrity of Iraq’s Elections" Quotes: " ...accusations of tampering with electronic voting machines, ballot box stuffing, voter intimidation, bribery, and misuse of voter IDs." "A recount carries significant political risks as well. It might delay the government formation process well into 2019 and cause further party fragmentation." Excellent article in voter fraud and recount in the Iraqi Election. Note that the author ideates on the possibility of the formation of a new government in Iraq being delayed until 2019. We shall see. Tune in tomorrow for another day in the life of the " democratic experiment " in Iraq. Democracy is a messy business. I have not abandoned hope for Iraq, but it is foolish to think that we can know what and when anything may happen.
6-12-2018 Newshound Guru Don961 Article: "Arrest of four accused in the burning of UNHCR warehouses in Rusafa" Quote: "The Supreme Judicial Council announced on Monday (June 11th, 2018) the arrest of four people, including three policemen and an employee of the Electoral Commission, who were accused of a fire in UNHCR warehouses in Rusafa."
6-11-2018 Newshound/Intel Guru Mnt Goat Now we witnessed this same pattern. The Sadr Movement needs to get rid of all of these crooked politicians. ...Now I believe Iraq may sincerely get the power to actually do it. No more negotiating on the elections results just to compromise to allow these goons to stay yet another 4 years in some kind of political position, thus immune from prosecution. I am hopeful Sadr will finally...put an end to this chapter of Iraqi history once and for all. It sounds like someone (namely) Sadr, has the political will and clout to do it. [post 2 of 2]
6-11-2018 Newshound/Intel Guru Mnt Goat Article quote: "The leader of the Sadrist movement Muqtada al-Sadr called in a written statement on Friday to the Iraqi security authorities to start a campaign of arms disarmament throughout the country after the holiday of Eid al-Fitr directly, calling for the arms inventory by the state." I believe this is in response to the recent bombing in Sadr city. We all know why this bombing occurred. Remember back to the Nori al-Maliki years whenever he did not get his way, Iraq always seemed to have this rash of bombings. Who was instigating these bombings? Guess who? Blame it on terrorists? Sure but the question is who are the real terrorists? [post 1 of 2....stay tuned]
6-11-2018 Newshound/Intel Guru tman23 ESF (exchange stabilization fund)...It is a branch of our UST, it is said to be the architect of world exchange rates to world currencies... I never said ESF sets the RATE...I did say they are the architect.. And I think the better question is...Who is going to convert this currency for you? What bank will risk holding it? We assume the UST will have to back it up for any exchange to take place...And if that assumption is close to accurate...Do you really think that the IMF or CBI will set a rate without UST approval... ...Good luck with the 3 zero notes floating...NEVER EVER GOING TO HAPPEN...That is insane corruption waiting to happen... [NOTE: The Exchange Stabilization Fund (ESF) consists of three types of assets: U.S. dollars, foreign currencies, and Special Drawing Rights (SDRs), which is an international reserve asset created by the International Monetary Fund.]
6-11-2018 Newshound/Intel Guru Mnt Goat Article: "IS THE CONTINUATION OF PARLIAMENT WAY BEYOND ITS NORMAL TERM SESSIONS CONSTITUTIONAL?" Quote: "POINTING OUT THAT "THE OFFICIAL TERM OF THE PARLIAMENT ENDS ON JUNE 30, AND HERE THE DEPUTIES TURN INTO ORDINARY CITIZENS." ...a legal expert for the govt is telling us that it is not a good idea for Parliament to continue with these Special Sessions beyond their normal Official Term which ended June 30th. He references the constitution. We know why they continue with these session as this not really an emergency, as the Constitution states an emergency must occur to have a Special Session, but rather they are being conducted as political posturing in order to create confusion and chaos under false pretense of an Elections Crisis. They must end before July 1st even. Enough is Enough!!
6-11-2018 Intel Guru AdminBill ...FOR THE MOST PART WE ARE AWARE OF CERTAIN "INFORMATION" THAT MAY BE "SENSITIVE" AT THIS STAGE IN THE PROCESS... WE ARE, HOPEFULLY, NEARING A POINT THAT WE DO NOT WANT TO UPSET THE APPLE CART SO TO SPEAK...THERE ARE CERTAIN PROVIDERS THAT SHARE THEIR INFORMATION THAT IS NOT MEANT FOR OUR EYES. ...WE DO OUR VERY BEST TO PROVIDE YOU WITH A GENERIC STATUS REPORT WHENEVER POSSIBLE.
6-11-2018 Newshound/Intel Guru Mnt Goat Article: "TAKING DOWN THESE FAKE BANKS" ...this is the forth article on the CBI taking down four separate “fake” banks fronting as banks using the currency auctions to get the USD out of the CBI reserves. So we can see the CBI is working on cleaning up this currency MANIPULITION and FRAUD they talked about in earlier articles as to why they wanted the “project to delete the zeros” postponed until sometime after the elections.
6-11-2018 Newshound Guru chattels
Jun 15 Friday Eid al-Fitr National holiday
Jun 16 Saturday Eid al-Fitr holiday National holiday
Jun 17 Sunday Eid al-Fitr holiday National holiday
6-11-2018 Newshound Guru Kaperoni My guess is al-Maliki is behind this fire... fits his MO. Destroy the ballots than there can't be a recount. Course his goal is a new election.
6-11-2018 Newshound/Intel Guru BGG Article: "Iraq’s parliament speaker calls for election rerun, after fire hits ballot boxes warehouse" Why would this be Sadr?? He loves his position and has nothing to fear from a recount… especially if these accusations about the IHEC (or HEC – whatever they are calling it this week) are true and we get an unbiased panel of 9 judges instead.
6-11-2018 Newshound/Intel Guru Mnt Goat Article quote: "The leader of the Sadrist movement Muqtada al-Sadr called in a written statement on Friday to the Iraqi security authorities to start a campaign of arms disarmament throughout the country after the holiday of Eid al-Fitr directly, calling for the arms inventory by the state." I believe this is in response to the recent bombing in Sadr city. We all know why this bombing occurred. Remember back to the Nori al-Maliki years whenever he did not get his way, Iraq always seemed to have this rash of bombings. Who was instigating these bombings? Guess who? Blame it on terrorists? Sure but the question is who are the real terrorists? [post 1 of 2....stay tuned]
6-11-2018 Newshound/Intel Guru tman23 ESF (exchange stabilization fund)...It is a branch of our UST, it is said to be the architect of world exchange rates to world currencies... I never said ESF sets the RATE...I did say they are the architect.. And I think the better question is...Who is going to convert this currency for you? What bank will risk holding it? We assume the UST will have to back it up for any exchange to take place...And if that assumption is close to accurate...Do you really think that the IMF or CBI will set a rate without UST approval... ...Good luck with the 3 zero notes floating...NEVER EVER GOING TO HAPPEN...That is insane corruption waiting to happen... [NOTE: The Exchange Stabilization Fund (ESF) consists of three types of assets: U.S. dollars, foreign currencies, and Special Drawing Rights (SDRs), which is an international reserve asset created by the International Monetary Fund.]
6-11-2018 Newshound/Intel Guru Mnt Goat Article: "IS THE CONTINUATION OF PARLIAMENT WAY BEYOND ITS NORMAL TERM SESSIONS CONSTITUTIONAL?" Quote: "POINTING OUT THAT "THE OFFICIAL TERM OF THE PARLIAMENT ENDS ON JUNE 30, AND HERE THE DEPUTIES TURN INTO ORDINARY CITIZENS." ...a legal expert for the govt is telling us that it is not a good idea for Parliament to continue with these Special Sessions beyond their normal Official Term which ended June 30th. He references the constitution. We know why they continue with these session as this not really an emergency, as the Constitution states an emergency must occur to have a Special Session, but rather they are being conducted as political posturing in order to create confusion and chaos under false pretense of an Elections Crisis. They must end before July 1st even. Enough is Enough!!
6-11-2018 Intel Guru AdminBill ...FOR THE MOST PART WE ARE AWARE OF CERTAIN "INFORMATION" THAT MAY BE "SENSITIVE" AT THIS STAGE IN THE PROCESS... WE ARE, HOPEFULLY, NEARING A POINT THAT WE DO NOT WANT TO UPSET THE APPLE CART SO TO SPEAK...THERE ARE CERTAIN PROVIDERS THAT SHARE THEIR INFORMATION THAT IS NOT MEANT FOR OUR EYES. ...WE DO OUR VERY BEST TO PROVIDE YOU WITH A GENERIC STATUS REPORT WHENEVER POSSIBLE.
6-11-2018 Newshound/Intel Guru Mnt Goat Article: "TAKING DOWN THESE FAKE BANKS" ...this is the forth article on the CBI taking down four separate “fake” banks fronting as banks using the currency auctions to get the USD out of the CBI reserves. So we can see the CBI is working on cleaning up this currency MANIPULITION and FRAUD they talked about in earlier articles as to why they wanted the “project to delete the zeros” postponed until sometime after the elections.
6-11-2018 Newshound Guru chattels
Jun 15 Friday Eid al-Fitr National holiday
Jun 16 Saturday Eid al-Fitr holiday National holiday
Jun 17 Sunday Eid al-Fitr holiday National holiday
6-11-2018 Newshound Guru Kaperoni My guess is al-Maliki is behind this fire... fits his MO. Destroy the ballots than there can't be a recount. Course his goal is a new election.
6-11-2018 Newshound/Intel Guru BGG Article: "Iraq’s parliament speaker calls for election rerun, after fire hits ballot boxes warehouse" Why would this be Sadr?? He loves his position and has nothing to fear from a recount… especially if these accusations about the IHEC (or HEC – whatever they are calling it this week) are true and we get an unbiased panel of 9 judges instead.
6-10-2018 Newshound Guru Kaperoni Down to 4 days to meet compliance. [IMF's Market Rate vs. Official Rate within 2% for 90 days rule.]
6-10-2018 Newshound Guru Whitelions I think if the fire in Iraq was set (and More Likely it was ) for them to hold a new vote will bring more people out than ever and Sadr will win by more than a land slide and the people that set it will have to live with the back fire .
6-10-2018 Intel/Newshound Guru tman23 Iraqi Parliament Speaker Salim al-Jabouri on Sunday claimed the fire that broke out at a warehouse in eastern Baghdad, where the electoral commission kept ballot boxes, was deliberate and called for a new parliamentary election... NEW ELECTION...LOL!!! What a mess...who could of possibly seen this coming?? Funny Jabouri was calling for a new election saying ballots were destroyed as firefighters were in the middle of still putting out the fire...
6-10-2018 Newshound Guru Kaperoni Article: "Fire breaks out at Baghdad warehouse storing ballot boxes for Iraq's election recount" Quote: "A Baghdad warehouse being used to store ballot boxes for Iraq's contested parliamentary election caught fire on Sunday, ahead of a nationwide recount effort." Imagine that! a fire breaks out in the warehouse that storing ballot boxes that are going to be recounted sound familiar?
6-10-2018 Newshound Guru Kaperoni So if we're waiting for the formation of the government to occur before any kind of monetary reform can go forward, it looks like we might be waiting an extra month or so. I think we were all hoping for the formation of the government to occur by the end of June and to coincide with the cbi's three-month IMF requirement (June 15 or so) compliance but that looks like it might be pushed back until the end of July or August. If so we have to hope that the CBI can continue to maintain spread within 2% or less for that duration. In the meantime I am looking for some news that would indicate that the IMF has scheduled their Article IV Consultation with Iraq. I believe this will occur at the same or about the same time as the CBI's begins monetary reform. [post 2 of 2]
6-10-2018 Newshound Guru Kaperoni Some good news today if you call it that, it looks like the manual recount is only going to take about 10 days and not 3 months as originally predicted. Personally I don't know what the desire for manual recount is for. It's not going to change the outcome of who becomes prime-minister because that is based on political blocks unifying to form an alliance. At best, a political block may pick up a seat or two in parliament. But all this nonsense has been initiated by al-Maliki and his block and Salim Jubouri the parliament speaker who both lost pretty handily in the elections. What also appears to have happened is in the last day or so a large alliance has been formed consisting of a majority of parliamentary seats. This Alliance does not include al-Maliki or his state of law coalition. [post 1 of 2....stay tuned]
6-10-2018 Newshound Guru Whitelions I think if the fire in Iraq was set (and More Likely it was ) for them to hold a new vote will bring more people out than ever and Sadr will win by more than a land slide and the people that set it will have to live with the back fire .
6-10-2018 Intel/Newshound Guru tman23 Iraqi Parliament Speaker Salim al-Jabouri on Sunday claimed the fire that broke out at a warehouse in eastern Baghdad, where the electoral commission kept ballot boxes, was deliberate and called for a new parliamentary election... NEW ELECTION...LOL!!! What a mess...who could of possibly seen this coming?? Funny Jabouri was calling for a new election saying ballots were destroyed as firefighters were in the middle of still putting out the fire...
6-10-2018 Newshound Guru Kaperoni Article: "Fire breaks out at Baghdad warehouse storing ballot boxes for Iraq's election recount" Quote: "A Baghdad warehouse being used to store ballot boxes for Iraq's contested parliamentary election caught fire on Sunday, ahead of a nationwide recount effort." Imagine that! a fire breaks out in the warehouse that storing ballot boxes that are going to be recounted sound familiar?
6-10-2018 Newshound Guru Kaperoni So if we're waiting for the formation of the government to occur before any kind of monetary reform can go forward, it looks like we might be waiting an extra month or so. I think we were all hoping for the formation of the government to occur by the end of June and to coincide with the cbi's three-month IMF requirement (June 15 or so) compliance but that looks like it might be pushed back until the end of July or August. If so we have to hope that the CBI can continue to maintain spread within 2% or less for that duration. In the meantime I am looking for some news that would indicate that the IMF has scheduled their Article IV Consultation with Iraq. I believe this will occur at the same or about the same time as the CBI's begins monetary reform. [post 2 of 2]
6-10-2018 Newshound Guru Kaperoni Some good news today if you call it that, it looks like the manual recount is only going to take about 10 days and not 3 months as originally predicted. Personally I don't know what the desire for manual recount is for. It's not going to change the outcome of who becomes prime-minister because that is based on political blocks unifying to form an alliance. At best, a political block may pick up a seat or two in parliament. But all this nonsense has been initiated by al-Maliki and his block and Salim Jubouri the parliament speaker who both lost pretty handily in the elections. What also appears to have happened is in the last day or so a large alliance has been formed consisting of a majority of parliamentary seats. This Alliance does not include al-Maliki or his state of law coalition. [post 1 of 2....stay tuned]
6-9-2018 Intel Guru Frank26 "WE HAVE BEEN TELLING YOU THERE ARE THINGS WE CANNOT SHARE UNTIL THEY ARE IN PRINT." SO MUCH MORE TO COME...AND NOTICE...EACH NEW REVELATION OF THE RI BRINGS THE FINALITY WE SEEK SO MUCH CLOSER TO US...IT MAGNIFIES IT IMO...RIGHT BEFORE OUR EYES !!! WHAT HAPPENED YESTERDAY WAS COLOSSAL FOR THE RI...
6-9-2018 Intel Guru Bruce We did hear that some of the Iraqi citizens had access to their Qi cards, the Visa they got. The rates are slightly higher than we had before. ...I did mention a rate a month ago. We are at a rate higher than that now. ...You are not going to have to worry about that at all.
6-9-2018 Newshound Guru Kaperoni The current rate of the Iraqi dinar 1190 is real and accurate and a result of monetary policy accomplished over several years when Shabibi was in charge it's not artificial or program rate. The recent change in the exchange rate in year 2015 to 1186 now reflecting 1190 is real and a result of discussions between the IMF and the CBI to monitor the conditions in Iraq and the subsequent reforms. As I said before numerous times if and when the CBI accepts IMF Article VIII they will have to get off the peg and move to some type of float allowing the dinar to gradually rise based on investment and capital influx. This is no overnight event.
6-9-2018 Newshound Guru chattels Quote: "Legal team replaces Iraq High Election Commission & supervises hand recount of votes from 12 May. This will take 3 weeks. (Authorities of current government end 30 June & if no new government formed, a temporary government with limited powers takes over)" So, at this point there has been no ratification of the election results by the Iraqi Judiciary. The timeline for government formation has not begun until the act of ratification. It appears that it may be after June 30 until the completion of the recount and the election results can be ratified. Iraq will have a caretaker government beginning about July 1st. It is unlikely that Iraq will have a new government until late August or early September, IMO. ...I have opined that the first quarter of 2019 seems like the earliest date for completion of monetary reform and the realization of any value for us. Not a prediction, but nothing likely before then is my sense of it.
6-9-2018 Newshound/Intel Guru Mnt Goat Article: "SECURITY COUNCIL SANCTIONS COMMITTEE CONCERNING IRAQ REMOVES ONE ENTITY FROM ITS SANCTIONS LIST" ...this is WOW! news. Now the Central Bank of Iraq can do business with the outside world. Apparently when they told us last year that Iraq was “fully” out of Chapter VII sanctions this was not entirely accurate. But this is fantastic news today. Could this be why they would not let the CBI reinstate the currency up to now?
6-9-2018 Newshound Guru Kaperoni Today there is more discussion on the desire to do a manual recount of election results. These efforts if successful could slow down the process of forming a new government for several months. More importantly these kinds of activities drastically curb the desire for International Investment in Iraq.
6-9-2018 Intel Guru Bruce We did hear that some of the Iraqi citizens had access to their Qi cards, the Visa they got. The rates are slightly higher than we had before. ...I did mention a rate a month ago. We are at a rate higher than that now. ...You are not going to have to worry about that at all.
6-9-2018 Newshound Guru Kaperoni The current rate of the Iraqi dinar 1190 is real and accurate and a result of monetary policy accomplished over several years when Shabibi was in charge it's not artificial or program rate. The recent change in the exchange rate in year 2015 to 1186 now reflecting 1190 is real and a result of discussions between the IMF and the CBI to monitor the conditions in Iraq and the subsequent reforms. As I said before numerous times if and when the CBI accepts IMF Article VIII they will have to get off the peg and move to some type of float allowing the dinar to gradually rise based on investment and capital influx. This is no overnight event.
6-9-2018 Newshound Guru chattels Quote: "Legal team replaces Iraq High Election Commission & supervises hand recount of votes from 12 May. This will take 3 weeks. (Authorities of current government end 30 June & if no new government formed, a temporary government with limited powers takes over)" So, at this point there has been no ratification of the election results by the Iraqi Judiciary. The timeline for government formation has not begun until the act of ratification. It appears that it may be after June 30 until the completion of the recount and the election results can be ratified. Iraq will have a caretaker government beginning about July 1st. It is unlikely that Iraq will have a new government until late August or early September, IMO. ...I have opined that the first quarter of 2019 seems like the earliest date for completion of monetary reform and the realization of any value for us. Not a prediction, but nothing likely before then is my sense of it.
6-9-2018 Newshound/Intel Guru Mnt Goat Article: "SECURITY COUNCIL SANCTIONS COMMITTEE CONCERNING IRAQ REMOVES ONE ENTITY FROM ITS SANCTIONS LIST" ...this is WOW! news. Now the Central Bank of Iraq can do business with the outside world. Apparently when they told us last year that Iraq was “fully” out of Chapter VII sanctions this was not entirely accurate. But this is fantastic news today. Could this be why they would not let the CBI reinstate the currency up to now?
6-9-2018 Newshound Guru Kaperoni Today there is more discussion on the desire to do a manual recount of election results. These efforts if successful could slow down the process of forming a new government for several months. More importantly these kinds of activities drastically curb the desire for International Investment in Iraq.
6-8-2018 Newshound/Intel Guru Mnt Goat ...Iraq told the citizens to wait until after the elections to complete the project to delete the zeros... What they meant was for the dust to settle after the elections and to have a good sense of the formation of the next government...So we are in a very good position now since they just announced yesterday that the majority bloc is now all completed and “official”. Sadr has completed his work in this bloc building. We know he has his candidate for the prime minister picked out. Parliament will continue to bully the Election Committee right up until July 1st, when they no longer have any power are disbanded. ...if they do any recounting it will not be because Parliament said so. Instead it will be due to legitimate reasons and fully supported by the Electoral Commission and the Judiciary. Anyhow, any recounting will probably only place the outcome more in the favor of Haider al-Abadi anyhow.
6-8-2018 Intel Guru Frank26 Article: "Security Council Committee on Iraq Removes Entity from its Sanctions List" YES ...INDEED ...THIS IS EXCITING AND ... SYNCHRONIZED... BUT MORE EXCITING FOR ME... IT'S IN PRINT NOW!!! WATCH THE RATE GO TO 1200 NEXT ...IMO.
6-8-2018 Newshound/Intel Guru Arthur AS OF THIS RELEASE...THE CBI IS ONLY NOW FREE TO COMPLETE THE MONETARY REFORMS UP TO AND INCLUDING THE REINSTATEMENT/REVALUATION OF THE IRAQI DINAR. IT IS MY OPINION WE WILL NOW SEE SWIFT ACTION BY THE CBI AS ALAK WILL NOW HAVE CARTE BLANCHE TO COMPLY WITH ALL IMF MANDATES TO END THE MCP AND THE CURRENT WINDOW IN REGARDS TO THE AUCTION PROCESS. WE NOW HAVE THE "SUITABLE CONDITIONS" CBI GOVERNOR ALAK HAS BEEN ALLUDING TO. STAY TUNED. HERE WE GO! [post 2 of 2]
6-8-2018 Newshound/Intel Guru Arthur I HAVE DONE MY PRELIMINARY DUE DILIGENCE ON THE ENTIRE UN RESOLUTION 1483. THOUGH MORE STUDY AND CONSULT WITH MY UN RESOURCES ARE NEEDED...I CAN EVEN NOW SAY THIS IS AN HISTORIC MOMENT FOR OUR INVESTMENT. I HAVE ALWAYS SAID WE DON'T KNOW WHAT WE DON'T KNOW AND THIS ONE WAS THE MOTHER OF ALL OVERSIGHTS! UNBEKNOWNST TO ALL OF US....THE PTB HAS BEEN HOLDING THIS UP VIA THIS UN RESOLUTION 1483. IT SPECIFICALLY FREEZES THE PROGRAM RATE IN PLACE DUE TO PARTS OF CHAPTER VII SANCTION GOING BACK TO SADAAM HUSSEIN. [post 1 of 2....stay tuned]
6-8-2018 Intel Guru Delta Article: "Security Council Committee on Iraq Removes Entity from its Sanctions List" YES IT'S TRUE ...RELEASE ASSET FROSEN BELONGS TO CBI IS VERY IMPORTANT FOR THE NEW INTERNATIONAL RATE OF IQD...YES HUGE...BYE...BYE....PROGRAM RATE... [Delta, wasn't this the main restriction that was keeping them from being even able to go international?] YES...GREEN LIGHT TO GO INTERNATIONAL FROM UNSC...WOWWWW...
6-8-2018 Intel Guru Bruce When you get down to where we are in this thing, we are like coasting in. It is almost like our fuel is gone and we are coasting in on fumes. What we are seeing now with many of our sources which we have 15 or 20 main sources that feed information from time to time. What we are primarily getting is a lot of crickets, a lot of quiet from people we normally hear from. Some people are under gag orders. Some people are under NDAs. Some people are under just black out and not able to communicate. However, the ones we are talking to and getting to are bringing it very strongly...All we can say things are moving along nicely...There has been people that have put out dates. We heard the 11th. We heard the 13th. I am telling you I have not hearing anything beyond the next couple of days...We heard...today ...from a very good source that we were within 36 hours of the exchanges being fulfilled, getting started.
6-8-2018 Newshound Guru chattels "Hikma, Sayron and Watanyiah signed an agreement to form the biggest bloc." That is a total of 93 seats between the three. Add Abadi and the total is 135. Need 30 more for a total of 165 to form a government. KDP has 24, PUK has 18 and Qarar has 14.
6-8-2018 Intel Guru Frank26 Article: "Security Council Committee on Iraq Removes Entity from its Sanctions List" YES ...INDEED ...THIS IS EXCITING AND ... SYNCHRONIZED... BUT MORE EXCITING FOR ME... IT'S IN PRINT NOW!!! WATCH THE RATE GO TO 1200 NEXT ...IMO.
6-8-2018 Newshound/Intel Guru Arthur AS OF THIS RELEASE...THE CBI IS ONLY NOW FREE TO COMPLETE THE MONETARY REFORMS UP TO AND INCLUDING THE REINSTATEMENT/REVALUATION OF THE IRAQI DINAR. IT IS MY OPINION WE WILL NOW SEE SWIFT ACTION BY THE CBI AS ALAK WILL NOW HAVE CARTE BLANCHE TO COMPLY WITH ALL IMF MANDATES TO END THE MCP AND THE CURRENT WINDOW IN REGARDS TO THE AUCTION PROCESS. WE NOW HAVE THE "SUITABLE CONDITIONS" CBI GOVERNOR ALAK HAS BEEN ALLUDING TO. STAY TUNED. HERE WE GO! [post 2 of 2]
6-8-2018 Newshound/Intel Guru Arthur I HAVE DONE MY PRELIMINARY DUE DILIGENCE ON THE ENTIRE UN RESOLUTION 1483. THOUGH MORE STUDY AND CONSULT WITH MY UN RESOURCES ARE NEEDED...I CAN EVEN NOW SAY THIS IS AN HISTORIC MOMENT FOR OUR INVESTMENT. I HAVE ALWAYS SAID WE DON'T KNOW WHAT WE DON'T KNOW AND THIS ONE WAS THE MOTHER OF ALL OVERSIGHTS! UNBEKNOWNST TO ALL OF US....THE PTB HAS BEEN HOLDING THIS UP VIA THIS UN RESOLUTION 1483. IT SPECIFICALLY FREEZES THE PROGRAM RATE IN PLACE DUE TO PARTS OF CHAPTER VII SANCTION GOING BACK TO SADAAM HUSSEIN. [post 1 of 2....stay tuned]
6-8-2018 Intel Guru Delta Article: "Security Council Committee on Iraq Removes Entity from its Sanctions List" YES IT'S TRUE ...RELEASE ASSET FROSEN BELONGS TO CBI IS VERY IMPORTANT FOR THE NEW INTERNATIONAL RATE OF IQD...YES HUGE...BYE...BYE....PROGRAM RATE... [Delta, wasn't this the main restriction that was keeping them from being even able to go international?] YES...GREEN LIGHT TO GO INTERNATIONAL FROM UNSC...WOWWWW...
6-8-2018 Intel Guru Bruce When you get down to where we are in this thing, we are like coasting in. It is almost like our fuel is gone and we are coasting in on fumes. What we are seeing now with many of our sources which we have 15 or 20 main sources that feed information from time to time. What we are primarily getting is a lot of crickets, a lot of quiet from people we normally hear from. Some people are under gag orders. Some people are under NDAs. Some people are under just black out and not able to communicate. However, the ones we are talking to and getting to are bringing it very strongly...All we can say things are moving along nicely...There has been people that have put out dates. We heard the 11th. We heard the 13th. I am telling you I have not hearing anything beyond the next couple of days...We heard...today ...from a very good source that we were within 36 hours of the exchanges being fulfilled, getting started.
6-8-2018 Newshound Guru chattels "Hikma, Sayron and Watanyiah signed an agreement to form the biggest bloc." That is a total of 93 seats between the three. Add Abadi and the total is 135. Need 30 more for a total of 165 to form a government. KDP has 24, PUK has 18 and Qarar has 14.
6-7-2018 Newshound Guru Don961 Article: "TRADE BANK OF IRAQ" Quotes: "...all that happened was a temporary suspension of Atms..." "...to complete the modernization and development procedures of the electronic card system at the bank in order to provide best services to bank customers." Temporary suspension of ATMs??? ... to change out/upgrade some software perhaps??? ... imo.
6-7-2018 Newshound/Intel Guru Mnt Goat Article: "SADR REFUSIES TO TALK ABOUT AN ALLIANCE WITH THE HEAD OF A COALITION OF "STATE LAW," NURI AL-MALIKI, TO FORM A GOVERNMENT" ...this is a very good update on the process of the formation of the largest block and how they form their new govt as to what takes place during the post-voting period. They told us in the Mondays articles that this will all be done by end of Ramadam which is June 15th. I luv this article because it is telling me that Nori al-Maliki does NOT have any leverage this time around to wiggle himself into yet another political position in the govt, thus giving him immunity from prosecution for the crimes he has committing upon the Iraqi people...
6-7-2018 Intel Guru Frank26 [via sunny] National bank of Iraq stopped using USD. Doing everything electronically. Their ATM’s will not dispense USD. Watch all the other banks in Iraq follow this in the same manner...banks inside and outside Iraq...Visa and MC . . .This is International...
6-7-2018 Intel Guru Bruce Some people are concern about Vietnam. I think what is happening is Vietnam is holding their cards very close to them right now and we are not going to see that rate on the screen until the very last second because that is a currency in current use. They have to bring that out exactly the right time. My understanding is it will come at the same time as the Dinar...
6-7-2018 Newshound/Intel Guru Mnt Goat ...Wednesday June 6th...Parliament is supposed to meet and swear in the new Parliament members for the July 1st first session of the new parliament. Also, they told us they will announce the candidate for the new prime minister whose job will be to form the new government within 90 days. Do we need the “fully” formed new govt for the CBI to move ahead with the reinstatement process of the dinar? I am being told we do not and the CBI plans to move ahead as long as any candidate presented (we know it will most probably be PM Abadi again) will create political security in Iraq and support the monetary reform process and other economic reforms of the country.
6-7-2018 Newshound Guru Adam Montana We are a mere week away from the end of Ramadan, and judging by the current events, this may be the most explosive..."end of Ramadan" we've ever seen. Things are happening. None of it really matters until they push the button, but we all know that any news is better than no news. I don't think I've ever seen a Ramadan as busy as this one, in terms of newsworthy events. One item that I will expand on is the Elections - there is a lot of confusion about the Prime Minister seat. Did Abadi retain power, or not? Article: "The start of the parliament session headed by Jubouri" Articles quotes: "Presidency of the parliament decides to hold an extraordinary session on Thursday..." "The Presidency of Parliament announced on Wednesday, the Parliament held its extraordinary session in the presence of 172 deputies to correct the electoral process." If there was ONE thing I'd say to keep an eye on right now, that is probably it. Until that's settled, I don't see any progress happening with HCL or really anything else, so - we will watch.
6-7-2018 Newshound/Intel Guru Mnt Goat Article: "SADR REFUSIES TO TALK ABOUT AN ALLIANCE WITH THE HEAD OF A COALITION OF "STATE LAW," NURI AL-MALIKI, TO FORM A GOVERNMENT" ...this is a very good update on the process of the formation of the largest block and how they form their new govt as to what takes place during the post-voting period. They told us in the Mondays articles that this will all be done by end of Ramadam which is June 15th. I luv this article because it is telling me that Nori al-Maliki does NOT have any leverage this time around to wiggle himself into yet another political position in the govt, thus giving him immunity from prosecution for the crimes he has committing upon the Iraqi people...
6-7-2018 Intel Guru Frank26 [via sunny] National bank of Iraq stopped using USD. Doing everything electronically. Their ATM’s will not dispense USD. Watch all the other banks in Iraq follow this in the same manner...banks inside and outside Iraq...Visa and MC . . .This is International...
6-7-2018 Intel Guru Bruce Some people are concern about Vietnam. I think what is happening is Vietnam is holding their cards very close to them right now and we are not going to see that rate on the screen until the very last second because that is a currency in current use. They have to bring that out exactly the right time. My understanding is it will come at the same time as the Dinar...
6-7-2018 Newshound/Intel Guru Mnt Goat ...Wednesday June 6th...Parliament is supposed to meet and swear in the new Parliament members for the July 1st first session of the new parliament. Also, they told us they will announce the candidate for the new prime minister whose job will be to form the new government within 90 days. Do we need the “fully” formed new govt for the CBI to move ahead with the reinstatement process of the dinar? I am being told we do not and the CBI plans to move ahead as long as any candidate presented (we know it will most probably be PM Abadi again) will create political security in Iraq and support the monetary reform process and other economic reforms of the country.
6-7-2018 Newshound Guru Adam Montana We are a mere week away from the end of Ramadan, and judging by the current events, this may be the most explosive..."end of Ramadan" we've ever seen. Things are happening. None of it really matters until they push the button, but we all know that any news is better than no news. I don't think I've ever seen a Ramadan as busy as this one, in terms of newsworthy events. One item that I will expand on is the Elections - there is a lot of confusion about the Prime Minister seat. Did Abadi retain power, or not? Article: "The start of the parliament session headed by Jubouri" Articles quotes: "Presidency of the parliament decides to hold an extraordinary session on Thursday..." "The Presidency of Parliament announced on Wednesday, the Parliament held its extraordinary session in the presence of 172 deputies to correct the electoral process." If there was ONE thing I'd say to keep an eye on right now, that is probably it. Until that's settled, I don't see any progress happening with HCL or really anything else, so - we will watch.
6-6-2018 Intel Guru Frank26 [via sunny] Iraq Dinar is still at the 1190 rate staying in the 2% parity range of 1:1 with the USD as required by the IMF for stability. To maintain that it may have to go to 1200. It wasn’t a fluke ...an accident...a mistake...a glitch...It was a reinstatement step...It’s right in front of your face...As the American dollar goes up...IMO the Dinar rate may have to go up again...maybe even go to 1200 to keep up with the USD, IMO.
6-6-2018 Newshound Guru Walkingstick [via sunny] Anytime a bill is signed/passed in Iraq it is found at the Ministry of Justice website and then published in the Gazette. Everything is at the Minister of Justice site. Article 8 is the law of the reinstatement. US dollar and the Iraqi Dinar must be in parity. 1:1 That is a step of the reinstatement. CBI used tools of Article 8 to be 2% compliant. 90 days is not important to maintain the compliance. This parity tells me it's done.
6-6-2018 Newshound/Intel Guru Mnt Goat Article: "Baghdad today - Baghdad A member of the House of Representatives AdelNuri, on Monday, the next parliament session scheduled for next Wednesday (today)." They hope to get a quorum to vote on the Election Law amendments. This is an opportune time and the speaker wants to take advantage of it while the iron is hot. This amendment has NOTHING to do with the recent past elections and is really insignificant to us and the RV. However I am also told that besides the amendments to the law of the elections it is expected that these procedures will hold the process of negotiations to form a government and the approval of the names of winners. So, I am told they plan to ratify the new members to the New Parliament at this time too. To do this the judiciary must come out with a statement by then on their previous re-voting resolution. So this could be an exciting week with much progress in the right direction of all goes well.
6-6-2018 Newshound Guru Walkingstick [via sunny] CBI gave the Gazette...back in May...an announcement to be published at a future date...CBI Announcement will be a number of announcements from the CBI. 1) Small notes, how to dispense. 2) Talk about 2nd set of books; 3) Article 8 compliant; 4) Talk about billboards and 5) Possibly a new CBI Governor. IT’S THE END AND THEY ARE GOING TO TELL THEIR CITIZENS EVERYTHING!
6-6-2018 Intel Guru Bruce I did not expect we would be here tonight [Tuesday]...That is how close we are...We can thank the United Nations to the fact...we are not at the banks yet. However they have figured a way to go around and we think what was seeming held up for us the last several days is no longer an issue...we know things have been triggered and are moving forward...The so called green light has been illuminated by the Pentagon giving us the go ahead to get started...I do believe our time is right there. Rates are holding up beautifully. Iraq some of the people that have the Qi cards have been told they can actually start to use those new Visa cards...I think...tomorrow. We did see a so call reinstatement rate on the CBI site of $1.19. I think that is a two day rate possibly until the actual rate we know about...will show up.
6-6-2018 Intel Guru Frank26 [via sunny] WS [Guru Walkingstick] firm works with the CBI on their directives to meet all that is required to meet the RI of the IQD. WS firm has met all the requirements and so have all the banks in Iraq...Now they are unveiling all the steps that were required to bring forth the RI. ...They WILL BE re-instating the Iraqi Dinar!
6-6-2018 Newshound Guru Walkingstick All banks associated with Iraq are not associated with US dollar anymore. They must "immediately" stop using US dollar. "How long have we been dreaming about these ATM's dispensing Iraq Dinars only! No USD any more. NOT AT PROGRAMMED RATE MUCH LONGER. They have exceeded the goal of the amount (bank accounts) needed for Re-in-statement... 24 of 37 million Iraq citizens opened bank accounts. That's why education will be an on going process. Re-in-statement is unfolding. Sounds like Auctions coming to an end. We have to continue to wait, realizing its "right in front of us." To: "Reinstate their currency.... No delay, no postponement... International status...with Mastercard/Visa. [post 2 of 2]
6-6-2018 Newshound Guru Walkingstick [via sunny] (Walkingstick...has an Iraq firm for over 25 years, 6 banks, 12+ ATM machines. His firm fulfills every category CBI is working on. WS tells only "what is in print.") Pay attention to National Bank of Iraq (NBI) as their software needs to be updated to activate ATM's (carries lower denoms.). NBI connected to Jordan with 22 ATM's. Electronic system fights corruption. Restricting the American dollar: If you use ATM's, can't get US dollars!! Not just ATM's, but if they come into our bank, ONLY Iraqi Dinars from now on. [post 1 of 2....stay tuned]
6-6-2018 Newshound Guru Walkingstick [via sunny] Anytime a bill is signed/passed in Iraq it is found at the Ministry of Justice website and then published in the Gazette. Everything is at the Minister of Justice site. Article 8 is the law of the reinstatement. US dollar and the Iraqi Dinar must be in parity. 1:1 That is a step of the reinstatement. CBI used tools of Article 8 to be 2% compliant. 90 days is not important to maintain the compliance. This parity tells me it's done.
6-6-2018 Newshound/Intel Guru Mnt Goat Article: "Baghdad today - Baghdad A member of the House of Representatives AdelNuri, on Monday, the next parliament session scheduled for next Wednesday (today)." They hope to get a quorum to vote on the Election Law amendments. This is an opportune time and the speaker wants to take advantage of it while the iron is hot. This amendment has NOTHING to do with the recent past elections and is really insignificant to us and the RV. However I am also told that besides the amendments to the law of the elections it is expected that these procedures will hold the process of negotiations to form a government and the approval of the names of winners. So, I am told they plan to ratify the new members to the New Parliament at this time too. To do this the judiciary must come out with a statement by then on their previous re-voting resolution. So this could be an exciting week with much progress in the right direction of all goes well.
6-6-2018 Newshound Guru Walkingstick [via sunny] CBI gave the Gazette...back in May...an announcement to be published at a future date...CBI Announcement will be a number of announcements from the CBI. 1) Small notes, how to dispense. 2) Talk about 2nd set of books; 3) Article 8 compliant; 4) Talk about billboards and 5) Possibly a new CBI Governor. IT’S THE END AND THEY ARE GOING TO TELL THEIR CITIZENS EVERYTHING!
6-6-2018 Intel Guru Bruce I did not expect we would be here tonight [Tuesday]...That is how close we are...We can thank the United Nations to the fact...we are not at the banks yet. However they have figured a way to go around and we think what was seeming held up for us the last several days is no longer an issue...we know things have been triggered and are moving forward...The so called green light has been illuminated by the Pentagon giving us the go ahead to get started...I do believe our time is right there. Rates are holding up beautifully. Iraq some of the people that have the Qi cards have been told they can actually start to use those new Visa cards...I think...tomorrow. We did see a so call reinstatement rate on the CBI site of $1.19. I think that is a two day rate possibly until the actual rate we know about...will show up.
6-6-2018 Intel Guru Frank26 [via sunny] WS [Guru Walkingstick] firm works with the CBI on their directives to meet all that is required to meet the RI of the IQD. WS firm has met all the requirements and so have all the banks in Iraq...Now they are unveiling all the steps that were required to bring forth the RI. ...They WILL BE re-instating the Iraqi Dinar!
6-6-2018 Newshound Guru Walkingstick All banks associated with Iraq are not associated with US dollar anymore. They must "immediately" stop using US dollar. "How long have we been dreaming about these ATM's dispensing Iraq Dinars only! No USD any more. NOT AT PROGRAMMED RATE MUCH LONGER. They have exceeded the goal of the amount (bank accounts) needed for Re-in-statement... 24 of 37 million Iraq citizens opened bank accounts. That's why education will be an on going process. Re-in-statement is unfolding. Sounds like Auctions coming to an end. We have to continue to wait, realizing its "right in front of us." To: "Reinstate their currency.... No delay, no postponement... International status...with Mastercard/Visa. [post 2 of 2]
6-6-2018 Newshound Guru Walkingstick [via sunny] (Walkingstick...has an Iraq firm for over 25 years, 6 banks, 12+ ATM machines. His firm fulfills every category CBI is working on. WS tells only "what is in print.") Pay attention to National Bank of Iraq (NBI) as their software needs to be updated to activate ATM's (carries lower denoms.). NBI connected to Jordan with 22 ATM's. Electronic system fights corruption. Restricting the American dollar: If you use ATM's, can't get US dollars!! Not just ATM's, but if they come into our bank, ONLY Iraqi Dinars from now on. [post 1 of 2....stay tuned]
6-5-2018 Intel Guru Delta "The CBI is going to make an Announcement. . . Urgent need for bankers to move to next stage. Remove program rate, "implement immediately." All the steps the IMF, World Bank, UST wanted were accomplished in the first three months of 2018. Now in June, implementing these steps. What these economists are saying fortifies this position.
6-5-2018 Newshound Guru Kaperoni Our unofficial countdown to IMF compliance as it pertains to maintaining the 2% spread is now at 9 days to go. As I mentioned yesterday I think we'll see the IMF conduct an Article IV Consultation with Iraq within the next 60 days preferably less. This would be a very good time for the IMF to do a thorough review of the reforms being conducted by the CBI as well as accept the letter for the transition to Article VIII. Transitioning off the dollar and using the dinar not only in country but internationally will open up the banking system for investment. The influx of capital created could allow the dinar to rise substantially in value. The CBI will have to prepare for that by getting off the Peg and moving to a float.
6-5-2018 Newshound/Intel Guru Mnt Goat Article: "COUNCIL OF REPRESENTATIVES BEGAN SATURDAY AFTERNOON, RESUMING ITS EXTRAORDINARY SESSION" Quotes: "It is scheduled that the House of Representatives the second reading of the proposed amendment to the Third Law of the elections of the House of Representatives No. 45 of 2013." "...to protect the democratic process including the integrity and fairness of the elections and to enable the Commission to conduct manual counting and sorting." ...Remember this is NOT yet the newly voted in parliament from the recent elections. Jubouri has been trying to pass this amendment to the election law for a very long time. Now he finally has some leverage to get the vote. Now they see the light as to why this law was important to have coming into the election. It will NOT apply to this last election.
6-5-2018 Newshound Guru Whitelions ...I'll tell you what...the gurus have really done their jobs over the years getting people to see everything that happens in Iraq as a road block to the value. I guess now we need to get people to see they are really working on it. and have just about made it there...and all this other stuff in the Iraq news is just everyday bis. just like the rest of the world they are running a country...
6-5-2018 Newshound Guru chattels "Oil prices rise to $75...Date of release:: 2018/6/5"
6-5-2018 Newshound Guru Kaperoni [When is the next article iv consultation] Sometime in the next two months.
6-5-2018 Newshound/Intel Guru Mnt Goat Article: "SADR'S SPOKESMAN: THEY ARE GOING TO FORM A GOVERNMENT AND CHOOSE THE PRIME MINISTER DEPENDS ON THEM" Quote: "...the existence of ongoing negotiations between the alliance with other political blocs, noting that the last ten days of the month of Ramadan will be crucial in this regard." What is Moussawi saying when he refers to the “last 10 days of Ramadan” in this article? To me it sounds like they know something we don’t? He says, and I quote - "naming the presidents of the republic and the councils of ministers and deputies is left”. So we know that in Iraq 2018 Ramadan falls between May 17th and June 15th. So there is only about 10 days remaining to Ramadan...right? ...so is he saying in the next ten days (by June 15th) they are targeting to get this elections mess all done and thus get naming the presidents of the republic and the councils of ministers and deputies? I certainly hope so! July 1st is coming real fast...the first scheduled session of the NEW Parliament.
6-5-2018 Newshound Guru Kaperoni Our unofficial countdown to IMF compliance as it pertains to maintaining the 2% spread is now at 9 days to go. As I mentioned yesterday I think we'll see the IMF conduct an Article IV Consultation with Iraq within the next 60 days preferably less. This would be a very good time for the IMF to do a thorough review of the reforms being conducted by the CBI as well as accept the letter for the transition to Article VIII. Transitioning off the dollar and using the dinar not only in country but internationally will open up the banking system for investment. The influx of capital created could allow the dinar to rise substantially in value. The CBI will have to prepare for that by getting off the Peg and moving to a float.
6-5-2018 Newshound/Intel Guru Mnt Goat Article: "COUNCIL OF REPRESENTATIVES BEGAN SATURDAY AFTERNOON, RESUMING ITS EXTRAORDINARY SESSION" Quotes: "It is scheduled that the House of Representatives the second reading of the proposed amendment to the Third Law of the elections of the House of Representatives No. 45 of 2013." "...to protect the democratic process including the integrity and fairness of the elections and to enable the Commission to conduct manual counting and sorting." ...Remember this is NOT yet the newly voted in parliament from the recent elections. Jubouri has been trying to pass this amendment to the election law for a very long time. Now he finally has some leverage to get the vote. Now they see the light as to why this law was important to have coming into the election. It will NOT apply to this last election.
6-5-2018 Newshound Guru Whitelions ...I'll tell you what...the gurus have really done their jobs over the years getting people to see everything that happens in Iraq as a road block to the value. I guess now we need to get people to see they are really working on it. and have just about made it there...and all this other stuff in the Iraq news is just everyday bis. just like the rest of the world they are running a country...
6-5-2018 Newshound Guru chattels "Oil prices rise to $75...Date of release:: 2018/6/5"
6-5-2018 Newshound Guru Kaperoni [When is the next article iv consultation] Sometime in the next two months.
6-5-2018 Newshound/Intel Guru Mnt Goat Article: "SADR'S SPOKESMAN: THEY ARE GOING TO FORM A GOVERNMENT AND CHOOSE THE PRIME MINISTER DEPENDS ON THEM" Quote: "...the existence of ongoing negotiations between the alliance with other political blocs, noting that the last ten days of the month of Ramadan will be crucial in this regard." What is Moussawi saying when he refers to the “last 10 days of Ramadan” in this article? To me it sounds like they know something we don’t? He says, and I quote - "naming the presidents of the republic and the councils of ministers and deputies is left”. So we know that in Iraq 2018 Ramadan falls between May 17th and June 15th. So there is only about 10 days remaining to Ramadan...right? ...so is he saying in the next ten days (by June 15th) they are targeting to get this elections mess all done and thus get naming the presidents of the republic and the councils of ministers and deputies? I certainly hope so! July 1st is coming real fast...the first scheduled session of the NEW Parliament.
6-4-2018 Newshound Guru Kaperoni So whats next? June 15th will mark the three-month condition. I also believe after that the IMF will want to have their Article IV Consultation with Iraq. And most importantly we need to see the formation of the new government. I do hope and expect at these things can move it a fairly good pace but I do not expect them to happen by June 15th. Compliance will be great as long as they can maintain it and hopefully the other two issues can take care of themselves and short order.
6-4-2018 Newshound/Intel Guru Mnt Goat ...We wait for the judiciary to make a ruling on the election fraud and Parliaments legality on their vote in a Special Session to conduct re-counting of 10% of the votes. We know that the past vote in parliament on allowing any kind of re-count or dismissal of votes from this last elections is unconstitutional because this is not in the jurisdiction of the powers of parliament. Does this seem like a conflict of interest since this is dealing with the election and the election decides who will sit in the new parliament seats? So now the Judiciary along with the Electoral Commission must review this subject matter and decide on the constitutionality or not. We wait for news. Once this is decided the Judiciary can move on to the certification of the election results. We need this go forward. The Sadr Movement claims they will have their largest coalition for the new government completed and the three presidents named by the end of Ramadan.
6-4-2018 Newshound/Intel Guru BGG Article: "Abadi is close to making a historic decision" Quote: "Iraqi sources said Saturday that Prime Minister Haider al-Abadi announced his break-up with the Islamic Dawa Party because of disagreements with leaders and a second alliance with the Al-Nasr bloc and others led by Moqtada al-Sadr and other political forces." If this is public – Abadi is close to making his deal… if this is the alliance, IMHO – you can stick a FORK in Maliki. He’s done. However, there are lots of discussions going on and plenty of leveraging...
6-4-2018 Newshound Guru chattels Not likely that we see the completion of monetary reform on the 15th. Iraq will be fortunate to have a government formed/elected by September. We may not have political stability with the new government and we likely will not have stability without it for investment. I have no idea about the timing of the consultation or Article 8 progress with the IMF, but it seems most likely to me that the first quarter of 2019 at the earliest makes the most sense for any movement to complete the Iraqi Banking Sector Reform Project. Additionally, say what you will, there are still security issues in/for Iraq as yet. When I say security issues I am speaking of a degree which makes Iraq uninviting / insecure for investment in Iraq.
6-4-2018 Newshound Guru Kaperoni [via chattels] Though the spread is consistant and we are getting close to the 3 month compliance, I do think the IMF needs to have it's Article IV Consulation with Iraq and the formation of a new government before we will see change. The Article IV is a good time for the IMF to review the CBI and go over monetary policy, etc. before the CBI writes the letter accepting Article VIII. The new government needs to be in place to encourage investment. We are getting closer for sure.
6-4-2018 Newshound Guru ChrisC Everybody should remember this...1) Iraq is the geographic center of the ME, they are the richest in assets in the ME and they are constantly saying they are going to be the tiger of the ME. Another thing I always thought was telling is our largest embassy in the world is in Iraq. A country like this is not going to use somebody else's currency five minutes longer than they have to. 2) No more ISIS 3) corruption is on the way out. That really is one of the main reasons IMO that they have kept using the dollar and now they are going to start stringing them up if they stay in Iraq. In the final analysis the evidence, not my opinion, shows that this should be much sooner than later.
6-4-2018 Newshound/Intel Guru Mnt Goat The CBI simply did not want this to happen again and expects to complete the monitoring on time on mid-June. This is also yet another indicator as to why I am telling you do not expect anything movement in the reinstatement of the dinar until at least past mid June, and even then, we have to wait to see what happens as we get closer. This mess with the election fraud may be resolved by some backroom deals or it may come to re-counting and maybe even a re-voting process. We just have wait and see. We have at least 10 days starting... [6-1-18] to let the Electoral Commission work with the Judiciary in sorting through the complains and deciding the next step. [post 2 of 2]
6-4-2018 Newshound/Intel Guru Mnt Goat ...We wait for the judiciary to make a ruling on the election fraud and Parliaments legality on their vote in a Special Session to conduct re-counting of 10% of the votes. We know that the past vote in parliament on allowing any kind of re-count or dismissal of votes from this last elections is unconstitutional because this is not in the jurisdiction of the powers of parliament. Does this seem like a conflict of interest since this is dealing with the election and the election decides who will sit in the new parliament seats? So now the Judiciary along with the Electoral Commission must review this subject matter and decide on the constitutionality or not. We wait for news. Once this is decided the Judiciary can move on to the certification of the election results. We need this go forward. The Sadr Movement claims they will have their largest coalition for the new government completed and the three presidents named by the end of Ramadan.
6-4-2018 Newshound/Intel Guru BGG Article: "Abadi is close to making a historic decision" Quote: "Iraqi sources said Saturday that Prime Minister Haider al-Abadi announced his break-up with the Islamic Dawa Party because of disagreements with leaders and a second alliance with the Al-Nasr bloc and others led by Moqtada al-Sadr and other political forces." If this is public – Abadi is close to making his deal… if this is the alliance, IMHO – you can stick a FORK in Maliki. He’s done. However, there are lots of discussions going on and plenty of leveraging...
6-4-2018 Newshound Guru chattels Not likely that we see the completion of monetary reform on the 15th. Iraq will be fortunate to have a government formed/elected by September. We may not have political stability with the new government and we likely will not have stability without it for investment. I have no idea about the timing of the consultation or Article 8 progress with the IMF, but it seems most likely to me that the first quarter of 2019 at the earliest makes the most sense for any movement to complete the Iraqi Banking Sector Reform Project. Additionally, say what you will, there are still security issues in/for Iraq as yet. When I say security issues I am speaking of a degree which makes Iraq uninviting / insecure for investment in Iraq.
6-4-2018 Newshound Guru Kaperoni [via chattels] Though the spread is consistant and we are getting close to the 3 month compliance, I do think the IMF needs to have it's Article IV Consulation with Iraq and the formation of a new government before we will see change. The Article IV is a good time for the IMF to review the CBI and go over monetary policy, etc. before the CBI writes the letter accepting Article VIII. The new government needs to be in place to encourage investment. We are getting closer for sure.
6-4-2018 Newshound Guru ChrisC Everybody should remember this...1) Iraq is the geographic center of the ME, they are the richest in assets in the ME and they are constantly saying they are going to be the tiger of the ME. Another thing I always thought was telling is our largest embassy in the world is in Iraq. A country like this is not going to use somebody else's currency five minutes longer than they have to. 2) No more ISIS 3) corruption is on the way out. That really is one of the main reasons IMO that they have kept using the dollar and now they are going to start stringing them up if they stay in Iraq. In the final analysis the evidence, not my opinion, shows that this should be much sooner than later.
6-4-2018 Newshound/Intel Guru Mnt Goat The CBI simply did not want this to happen again and expects to complete the monitoring on time on mid-June. This is also yet another indicator as to why I am telling you do not expect anything movement in the reinstatement of the dinar until at least past mid June, and even then, we have to wait to see what happens as we get closer. This mess with the election fraud may be resolved by some backroom deals or it may come to re-counting and maybe even a re-voting process. We just have wait and see. We have at least 10 days starting... [6-1-18] to let the Electoral Commission work with the Judiciary in sorting through the complains and deciding the next step. [post 2 of 2]
6-3-2018 Newshound/Intel Guru Mnt Goat Many asked me address the change in the CBI currency rate from 1184 to 1190. I have been telling you that currently the IMF is monitoring the MCP (Multiple Currency Practices) within Iraq. The MCP is the difference between the CBI rate and the Market (street) rate. The CBI rate is a de facto peg to the US dollar and the street rate is the rate venders or banks can sell the dinar in exchange for dollars or visa versa. The monitoring program requires that the difference in these rates not vary more than + or – 2 %. Being able to control the rate of the currency is a requirement to show stability. So the CBI has to recently adjust the CBI rate since the street rate also dropped. This keeps the dinar within this required range for 90 days. We know that in mid March there was a violation of the 2% rule and so the IMF started the MCP 90 monitoring all over again. [post 1 of 2....stay tuned]
6-3-2018 Newshound Guru chattels The exchange rate of the dinar against the US dollar in local trades on Sunday (June 3, 2018), the following ranking:
Baghdad - Bourse struggle:
119.775 = 100 dollars
6-3-2018 Newshound/Intel Guru Mnt Goat YES, it’s all about eliminating the currency manipulation, fraud and the corrupt banking. YES, these new elections laws also are very drastic and hurt those that need to vote on them the most. So they need a New Parliament to get them passed. They need to weed out all of this corruption. YES, The CBI need to ensure the success of the currency reform also by not letting this election chaos, that was sure to come, interfere with potential investors in Iraq. So if they did RV prior to the elections this would put this chaos during the time period when they need to draw in potential investors the most to the new Iraq dinar. ...It is a simple factor of the much needed, political STABILITY to make the launching of the new dinar successful. The needed stability is not just for a couple days or weeks but for years to come, especially just after the launch... [post 2 of 2]
6-3-2018 Newshound/Intel Guru Mnt Goat So why did the CBI decide to hold it up the project to delete the zeros until after the elections, even though they told us it was all ready and prepared? The CBI along with the IMF wanted to first play out the polical process of the elections and to make sure that these corrupt officials are eliminated from office and the amendments to the election law are passed in Parliament once and for all. Iraq needs these laws to keep these crooks out of politics... They needed to close down these FAKE BANKS throughout Iraq and prosecute the guilty. Just too much currency MANIPULATION and FRAUD. [post 1 of 2....stay tuned]
6-3-2018 Newshound Guru chattels The only change or import of the articles being posted about the value of the dinar in the market are whether the difference between the official rate and the market rate is within 2%....There is about ten days left on the countdown to a ninety day period of compliance.
6-3-2018 Newshound/Intel Guru Mnt Goat I...gave a timeframe when I thought we should expect some news from the CBI on possibly moving forward with the project to delete the zeros once again. This timeframe was mid-June onward and so now I must adjust it to mid July...sorry everyone! I would not be looking for any RV or any action until at least after this period. So how did I arrive at this timeframe? ...most of the news from Iraq is all about this voting fraud in Kurdistan. They must address the violations and it is a matter now of how they do it. ...Can these issues delay the entire formation of the government? Yes, if they decide to re-do the entire elections. Am I telling you the govt must be “fully” seated for the RV to happen? YES! But only if Haider al-Abadi is not the nominee.
6-3-2018 Newshound Guru chattels The exchange rate of the dinar against the US dollar in local trades on Sunday (June 3, 2018), the following ranking:
Baghdad - Bourse struggle:
119.775 = 100 dollars
6-3-2018 Newshound/Intel Guru Mnt Goat YES, it’s all about eliminating the currency manipulation, fraud and the corrupt banking. YES, these new elections laws also are very drastic and hurt those that need to vote on them the most. So they need a New Parliament to get them passed. They need to weed out all of this corruption. YES, The CBI need to ensure the success of the currency reform also by not letting this election chaos, that was sure to come, interfere with potential investors in Iraq. So if they did RV prior to the elections this would put this chaos during the time period when they need to draw in potential investors the most to the new Iraq dinar. ...It is a simple factor of the much needed, political STABILITY to make the launching of the new dinar successful. The needed stability is not just for a couple days or weeks but for years to come, especially just after the launch... [post 2 of 2]
6-3-2018 Newshound/Intel Guru Mnt Goat So why did the CBI decide to hold it up the project to delete the zeros until after the elections, even though they told us it was all ready and prepared? The CBI along with the IMF wanted to first play out the polical process of the elections and to make sure that these corrupt officials are eliminated from office and the amendments to the election law are passed in Parliament once and for all. Iraq needs these laws to keep these crooks out of politics... They needed to close down these FAKE BANKS throughout Iraq and prosecute the guilty. Just too much currency MANIPULATION and FRAUD. [post 1 of 2....stay tuned]
6-3-2018 Newshound Guru chattels The only change or import of the articles being posted about the value of the dinar in the market are whether the difference between the official rate and the market rate is within 2%....There is about ten days left on the countdown to a ninety day period of compliance.
6-3-2018 Newshound/Intel Guru Mnt Goat I...gave a timeframe when I thought we should expect some news from the CBI on possibly moving forward with the project to delete the zeros once again. This timeframe was mid-June onward and so now I must adjust it to mid July...sorry everyone! I would not be looking for any RV or any action until at least after this period. So how did I arrive at this timeframe? ...most of the news from Iraq is all about this voting fraud in Kurdistan. They must address the violations and it is a matter now of how they do it. ...Can these issues delay the entire formation of the government? Yes, if they decide to re-do the entire elections. Am I telling you the govt must be “fully” seated for the RV to happen? YES! But only if Haider al-Abadi is not the nominee.
6-2-2018 Intel Guru Dr. Clarke The Announcements will be made PUBLICLY, over the next week. THEN, as we've been saying, the CBI can act... Only THEN, will they Officially & Publicly raise the Rate substantially...Vietnam & others, to follow, within 24 hours. That's WHY, we NOW like, and are Super Focused on JUNE 23-26th...and what happens the rest of that Week...BECAUSE, it's AFTER JUNE 12, 2018. AND SO, "It's TIME"...for a few Currency Moves, THIS MONTH. That's our IL-LOGICAL, "TODAY stuff"...our "Latest Guesses"... "THERE ARE NO GUARANTEES IN LIFE. NONE"...but we See a "BIG SURPRISE" coming. [post 2 of 2]
6-2-2018 Intel Guru Dr. Clarke The "Winds of Change"...SLOW CHANGE, is happening. Iraq & Vietnam, as well as, a handful of other countries, for the sake of more Balanced World Trade economics, need to adjust currency values Up...and down. ...Just so you know...Iraq has been secretly & quietly, solidifying the government, in ways that are not seen by the public, nor written articles, and the media...thus what appears to be a "Delay", in announcing the PM, and other things. It "appears" to be stalled due to a so-called, "corrupt election votes". This is NOT the case. The votes are in. The Prime Minister has been chosen. The parties have been chosen. The lines have been drawn. [post 1 of 2....stay tuned]
6-2-2018 Intel Guru RayRen98 In the next 48 hours a decision is expected from the federal courts regarding the elections debacle. Abadi is transitioning political party affiliations into a larger representative position. The House of Representatives voted to cancel the ballot results of displaced persons and foreign stations and manual counting by 10% in all provinces. (The ratification of the elections SHOULD take place next!)
6-2-2018 Intel Guru Dr. Clarke ...as we outlined in our last 5-27-18 Post...the N. Korea meeting is Officially back on and scheduled for June 12, per President Trump...as we suspected. There is also progress in terms of the Iran deal...all the details we talked about in that 5-27 Post are happening and "In Play". NOW, as a result, we see things kicking off, the LAST WEEK of JUNE, with an emphasis on 23rd - 26th. Iraq will have released the Prime Minister information, and solidified things to QUALIFY, for a "Suitable Environment", as well...AND the UN, IMF & U.S.A. will ALL be in agreement. We'll have to "SEE" what happens... MANY many Negotiations and Agreements are taking place as we speak...out of sight and behind closed media doors. MANY. Positive Progress is being made. Things look really Good, as of "TODAY". Don't forget, it's the End of the Quarter, as well. Stay Positive, ignore the Naysayers, and Focus this thing into "Manifestation this Month". Work "FOR one Another"...not Against. In our Opinion. It's "TIME". [reference Guru Dr. Clarke post 5-27-2018]
6-2-2018 Newshound/Intel Guru Mnt Goat These next 2 months will be a VERY significant month for us. Am I telling you it will RV? NO, NO, NO! Iraq has to sort out this mess with the elections, as we all should have expected would happen. Are they buying time for something else that we don’t know about? Must they keep delaying this RV and find excuses ? Will it EVER happen? We DO know the reinstatement of the dinar MUST happen someday; We DO know how they intend to do it; We DO even know (or can come very close to) the expected new anchor rate once they move from the de facto peg to the new SDR peg; We DO know the dinar will be on a MANAGED FLOAT once on FOREX; We DO know the new dinar categories will “coincide” with the large 3 zero notes for up to 10 years (meaning no LOP); We DO know the banks have been notified of these upcoming exchanges and are preparing for us; We DO know that our prize is the IRAQI dinar and not the ZIM, Rial or any others of this notion of a GCR or other currency scams; We DO know the impact this will have on the Iraqi economy and the world; We DON’T know the timing!
6-2-2018 Intel Guru Dr. Clarke The "Winds of Change"...SLOW CHANGE, is happening. Iraq & Vietnam, as well as, a handful of other countries, for the sake of more Balanced World Trade economics, need to adjust currency values Up...and down. ...Just so you know...Iraq has been secretly & quietly, solidifying the government, in ways that are not seen by the public, nor written articles, and the media...thus what appears to be a "Delay", in announcing the PM, and other things. It "appears" to be stalled due to a so-called, "corrupt election votes". This is NOT the case. The votes are in. The Prime Minister has been chosen. The parties have been chosen. The lines have been drawn. [post 1 of 2....stay tuned]
6-2-2018 Intel Guru RayRen98 In the next 48 hours a decision is expected from the federal courts regarding the elections debacle. Abadi is transitioning political party affiliations into a larger representative position. The House of Representatives voted to cancel the ballot results of displaced persons and foreign stations and manual counting by 10% in all provinces. (The ratification of the elections SHOULD take place next!)
6-2-2018 Intel Guru Dr. Clarke ...as we outlined in our last 5-27-18 Post...the N. Korea meeting is Officially back on and scheduled for June 12, per President Trump...as we suspected. There is also progress in terms of the Iran deal...all the details we talked about in that 5-27 Post are happening and "In Play". NOW, as a result, we see things kicking off, the LAST WEEK of JUNE, with an emphasis on 23rd - 26th. Iraq will have released the Prime Minister information, and solidified things to QUALIFY, for a "Suitable Environment", as well...AND the UN, IMF & U.S.A. will ALL be in agreement. We'll have to "SEE" what happens... MANY many Negotiations and Agreements are taking place as we speak...out of sight and behind closed media doors. MANY. Positive Progress is being made. Things look really Good, as of "TODAY". Don't forget, it's the End of the Quarter, as well. Stay Positive, ignore the Naysayers, and Focus this thing into "Manifestation this Month". Work "FOR one Another"...not Against. In our Opinion. It's "TIME". [reference Guru Dr. Clarke post 5-27-2018]
6-2-2018 Newshound/Intel Guru Mnt Goat These next 2 months will be a VERY significant month for us. Am I telling you it will RV? NO, NO, NO! Iraq has to sort out this mess with the elections, as we all should have expected would happen. Are they buying time for something else that we don’t know about? Must they keep delaying this RV and find excuses ? Will it EVER happen? We DO know the reinstatement of the dinar MUST happen someday; We DO know how they intend to do it; We DO even know (or can come very close to) the expected new anchor rate once they move from the de facto peg to the new SDR peg; We DO know the dinar will be on a MANAGED FLOAT once on FOREX; We DO know the new dinar categories will “coincide” with the large 3 zero notes for up to 10 years (meaning no LOP); We DO know the banks have been notified of these upcoming exchanges and are preparing for us; We DO know that our prize is the IRAQI dinar and not the ZIM, Rial or any others of this notion of a GCR or other currency scams; We DO know the impact this will have on the Iraqi economy and the world; We DON’T know the timing!
6-1-2018 Intel Guru Frank26 Article: "Baghdad(IraqNews.com) Iraq's High Electoral Commission said...in 10 days." [Frank...I know you have always said that the monetary reform is on a different track than the GOA but isn't there a chance they will wait 10 days and declare Abadi as PM BEFORE the rate change?] IMO...THERE IS NOTHING TO DISPUTE THIS IDEA...NOR THE ONE THAT I ADHERE TO...THAT EVERYDAY HAS POTENTIAL AT THE RATE THE CBI IS TALKING RIGHT NOW...
6-1-2018 Newshound Guru Kaperoni We're getting down there our records show the CBI only has about 13 days to meet IMF compliance. Keep in mind though, we don't expect a CBI to move to Article VIII until the government is formed. Also keep in mind that the IMF needs to have their Article IV Consultation with Iraq, I tend to think they'll happen at the same time as the transition to Article VIII.
6-1-2018 Intel Guru Bruce The other thing is we expect this information, this announcement, all the stuff that happened yesterday to come out in the Gazette tomorrow [Friday]. Now we are hearing that from our contacts in Arbil. ...That information, everything that transpired, I think it is going to give us the information about Abadi again as Prime Minister. It should bring something to us as far as Iraq new status in the world, the rate, all the things we talked about showing up it should occur tomorrow [Friday] in Iraq. ...I am hoping with the information I was getting today, it was indicating that something very good for us taking place and you know what that is maybe in the next 48 hours. ...We could have a very special weekend... Other than that the rates are still good...Yes we were correct it would be over $4... I brought over to you weeks ago... [post 3 of 3]
6-1-2018 Intel Guru Bruce Also what is happening in Iraq is there are 115...areas, let's call it... that are being paid in Iraq at the new rate and caught up for back pay that goes all the way to October 3, 2017. 115 different areas...of government are paying all these back pay on the Qi cards which are the debit cards Iraq has, and also they have a new Visa debit card that has been issued to all citizens that is used for a portion of the oil revenue sharing that goes to the citizens of Iraq. Guess when it is paying out. It is paying out on Sunday in Iraq which would be reflected on Monday for people that might be living in this country that could be citizens of Iraq. They would have it loaded on their cards ready to go. ...I think that is really important. [post 2 of 3....stay tuned]
6-1-2018 Intel Guru Bruce We had a meeting yesterday at the United Nations that was the Security Council Meeting and it did deal with Iraq. We did not hear from that meeting what it is we thought had reflected what occurred in Iraq earlier in the morning. They had an emergency meeting of the Parliament... Even though they had the meeting and they had a lot of positive things and supposed to be a “Big Announcement” coming out of that, it was kept from us by the United Nations. They did not want that released to us until guess when? Until tomorrow [Friday]. They did not want that information of the meeting and all the details about what it is we are looking for to be released to us until tomorrow [Friday]. [post 1 of 3....stay tuned]
6-1-2018 Newshound Guru Kaperoni Iraq must prepare for an influx of investment capital...what I am telling you is what will happen...they cannot reduce the not [note ?] count until the auctions end...because that is how the auctions work...the auctions are a balance between dinar and dollars...the facts dont lie and the facts tell us they will leave the peg and float the dinar as investors bring capital into iraq...much of the information comes from all sources including documents, articles, reports, etc. The IMF is very transparent and have been very accurate. [post 2 of 2]
6-1-2018 Newshound Guru Kaperoni June 15th or about is the 3 month IMF requirement...but that does not mean they will accept Article VIII at that time...it is a CBI decision...The CBI though should not wait. The thing you must all realize is the dinar does not just rise arbitrarily if it is going to rise it will be as a result of significant investors/investment... [But you stick to your float scenario...like glue...right?] ...that is the only option...this is not a question of what they will do, we know what they will do...they can only float...the Balassa-Sanuelson effect is on our side...iraq must get off the peg and the choice is only to float...economics is not simple..and how a currency appreciates is not overnight, or magical it is the result of monetary policy... [post 1 of 2....stay tuned]
6-1-2018 Newshound Guru Kaperoni We're getting down there our records show the CBI only has about 13 days to meet IMF compliance. Keep in mind though, we don't expect a CBI to move to Article VIII until the government is formed. Also keep in mind that the IMF needs to have their Article IV Consultation with Iraq, I tend to think they'll happen at the same time as the transition to Article VIII.
6-1-2018 Intel Guru Bruce The other thing is we expect this information, this announcement, all the stuff that happened yesterday to come out in the Gazette tomorrow [Friday]. Now we are hearing that from our contacts in Arbil. ...That information, everything that transpired, I think it is going to give us the information about Abadi again as Prime Minister. It should bring something to us as far as Iraq new status in the world, the rate, all the things we talked about showing up it should occur tomorrow [Friday] in Iraq. ...I am hoping with the information I was getting today, it was indicating that something very good for us taking place and you know what that is maybe in the next 48 hours. ...We could have a very special weekend... Other than that the rates are still good...Yes we were correct it would be over $4... I brought over to you weeks ago... [post 3 of 3]
6-1-2018 Intel Guru Bruce Also what is happening in Iraq is there are 115...areas, let's call it... that are being paid in Iraq at the new rate and caught up for back pay that goes all the way to October 3, 2017. 115 different areas...of government are paying all these back pay on the Qi cards which are the debit cards Iraq has, and also they have a new Visa debit card that has been issued to all citizens that is used for a portion of the oil revenue sharing that goes to the citizens of Iraq. Guess when it is paying out. It is paying out on Sunday in Iraq which would be reflected on Monday for people that might be living in this country that could be citizens of Iraq. They would have it loaded on their cards ready to go. ...I think that is really important. [post 2 of 3....stay tuned]
6-1-2018 Intel Guru Bruce We had a meeting yesterday at the United Nations that was the Security Council Meeting and it did deal with Iraq. We did not hear from that meeting what it is we thought had reflected what occurred in Iraq earlier in the morning. They had an emergency meeting of the Parliament... Even though they had the meeting and they had a lot of positive things and supposed to be a “Big Announcement” coming out of that, it was kept from us by the United Nations. They did not want that released to us until guess when? Until tomorrow [Friday]. They did not want that information of the meeting and all the details about what it is we are looking for to be released to us until tomorrow [Friday]. [post 1 of 3....stay tuned]
6-1-2018 Newshound Guru Kaperoni Iraq must prepare for an influx of investment capital...what I am telling you is what will happen...they cannot reduce the not [note ?] count until the auctions end...because that is how the auctions work...the auctions are a balance between dinar and dollars...the facts dont lie and the facts tell us they will leave the peg and float the dinar as investors bring capital into iraq...much of the information comes from all sources including documents, articles, reports, etc. The IMF is very transparent and have been very accurate. [post 2 of 2]
6-1-2018 Newshound Guru Kaperoni June 15th or about is the 3 month IMF requirement...but that does not mean they will accept Article VIII at that time...it is a CBI decision...The CBI though should not wait. The thing you must all realize is the dinar does not just rise arbitrarily if it is going to rise it will be as a result of significant investors/investment... [But you stick to your float scenario...like glue...right?] ...that is the only option...this is not a question of what they will do, we know what they will do...they can only float...the Balassa-Sanuelson effect is on our side...iraq must get off the peg and the choice is only to float...economics is not simple..and how a currency appreciates is not overnight, or magical it is the result of monetary policy... [post 1 of 2....stay tuned]
5-31-2018 Newshound Guru Don961 We are looking for them (auctions) to be suspended ... because once the value of the reinstated dinar is on par with or greater than the value of the dollar , there will be no need for them to have a currency auction and sell so many dollars from the reserves ... Like other currencies, the dinar will be freely traded and used internationally for transactions ... currency swaps , etc . ... then the CBI reserves will increase , perhaps more gold purchased , but in any case add more value to further back and strengthen the value of Iraq's currency ... As we have been taught ... this is one of the things that will happen concurrently with the release of the 2nd article and reinstatement ... imo.
5-31-2018 Newshound Guru Adam Montana ...It's still Ramadan. The end. [Ends around the 15th of June]
5-31-2018 Newshound Guru ChrisC [new Guru] It is interesting how many spokes on the wheel are beginning to converge...Deutsche Bank is facing an imminent downgrade TODAY which most likely will trigger a derivative meltdown, CBI says all damaged bills need to be done and turned in TODAY, CBI supposedly posting some important announcement in Gazette TODAY. Is the derivative implosion cover for this event or is this event the parachute to soften the landing?
5-31-2018 Newshound/Intel Guru Mnt Goat Article: "RECOVERY OF THE IRAQI DINAR" Quote: "And that the banking sector is an important and essential role in the development and revitalization of the economic cycle..." ...so here is it in black and white, contrary to what many ...feel. Which comes first the economy or the banking sector reforms of the dinar? This article is telling us that to get the economy moving you need the banking sector and the currency reforms. Not my words but theirs and it all makes sense.
5-31-2018 Intel Guru Delta EXCHANGE RATE... IRAQI MARKET BUY & SELL:
27-May 1196 ......1193
28-May 1197 ......1193
29-May 1197...... 1195
30-May 1197...... 1193
[Delta in your opinion how long can Iraq continue the auction with only making pennies to zero cents of the sale of the dollar?] NOT FOR LONG ...I PROMISE U...ALAQ KNOWS THAT TOO...
5-31-2018 Newshound/Intel Guru Mnt Goat I will say the two main issues that Sadr wants are: 1.the clean-up of corruption and the end to double standards. He wants all politicians, at any level of govt to suffer the same consequences, if they committed a crime. 2. the second biggie for Sadr is the distribution of excess oil money (above that needed to fill the budget) to the citizens. He has supported this option all along. The constitution mandates it too. But remember this is surplus or excess oil revenue ONLY beyond what the govt needs to support its budget. [post 2 of 2]
5-31-2018 Newshound/Intel Guru Mnt Goat There is a rumor that the cleric Sadr announced the RV, Thursday, May 24, 2018. Sadr does not control the CBI or financial policy nor is he even in politics. His party called the “Sadr Movement” simply now own the majority of seats in parliament. This is where it now stands until the election results are ratified and “official” by the judiciary. He does not even want to be prime minister. He has little say in the current government. So how in hell can he announce the RV? [post 1 of 2....stay tuned]
5-31-2018 Newshound Guru Adam Montana ...It's still Ramadan. The end. [Ends around the 15th of June]
5-31-2018 Newshound Guru ChrisC [new Guru] It is interesting how many spokes on the wheel are beginning to converge...Deutsche Bank is facing an imminent downgrade TODAY which most likely will trigger a derivative meltdown, CBI says all damaged bills need to be done and turned in TODAY, CBI supposedly posting some important announcement in Gazette TODAY. Is the derivative implosion cover for this event or is this event the parachute to soften the landing?
5-31-2018 Newshound/Intel Guru Mnt Goat Article: "RECOVERY OF THE IRAQI DINAR" Quote: "And that the banking sector is an important and essential role in the development and revitalization of the economic cycle..." ...so here is it in black and white, contrary to what many ...feel. Which comes first the economy or the banking sector reforms of the dinar? This article is telling us that to get the economy moving you need the banking sector and the currency reforms. Not my words but theirs and it all makes sense.
5-31-2018 Intel Guru Delta EXCHANGE RATE... IRAQI MARKET BUY & SELL:
27-May 1196 ......1193
28-May 1197 ......1193
29-May 1197...... 1195
30-May 1197...... 1193
[Delta in your opinion how long can Iraq continue the auction with only making pennies to zero cents of the sale of the dollar?] NOT FOR LONG ...I PROMISE U...ALAQ KNOWS THAT TOO...
5-31-2018 Newshound/Intel Guru Mnt Goat I will say the two main issues that Sadr wants are: 1.the clean-up of corruption and the end to double standards. He wants all politicians, at any level of govt to suffer the same consequences, if they committed a crime. 2. the second biggie for Sadr is the distribution of excess oil money (above that needed to fill the budget) to the citizens. He has supported this option all along. The constitution mandates it too. But remember this is surplus or excess oil revenue ONLY beyond what the govt needs to support its budget. [post 2 of 2]
5-31-2018 Newshound/Intel Guru Mnt Goat There is a rumor that the cleric Sadr announced the RV, Thursday, May 24, 2018. Sadr does not control the CBI or financial policy nor is he even in politics. His party called the “Sadr Movement” simply now own the majority of seats in parliament. This is where it now stands until the election results are ratified and “official” by the judiciary. He does not even want to be prime minister. He has little say in the current government. So how in hell can he announce the RV? [post 1 of 2....stay tuned]
5-30-2018 Newshound Guru Kaperoni If you didn't hear the IHEC [Independent High Electoral Commission] agreed with parliaments decision and cancelled about 1000 voting locations including abroad. Gov News. The UNSC met today to get an update on Iraq. Consensus seemed to support Iraq's democracy and formation of a new government. Despite the desire we all have to see the dinar appreciate, nothing is going to happen until the new government is formed. As well, or countdown still shows at least another 15 Days until the CBI meets the 2% requirement.
5-30-2018 Intel Guru Frank26 [via sunny] The CBI sent the Gazette an announcement on May 14th. In the May 21st issue The Gazette published a notice the CBI would be making an announcement. Speculation that the “announcement” could be about the re-instatement of the Iraq currency or Article 8 meaning they are International. Lifting restrictions on the currency and providing modern banking products is done by law in Iraq. Yesterday there was an article out that said “immediately” which was interpreted to mean the introduction of the small notes as the environment is now “suitable.” Article in the newspaper that the Iraqi Dinar is equal to the USD. Dollars disappearing from the streets. The rate has to come first before showing the lower denominations. The banks are showing descriptions of the lower notes. ATM’s have new software and the billboards have been ready for some time. They describe the LD’s but do not show the coins/fils.
5-30-2018 Newshound/Intel Guru Mnt Goat Article: "STABILITY OF THE EXCHANGE RATE AND THE RECOVERY OF THE IRAQI DINAR" Quote: "REQUIRES DIRECT BANKS TO IMMEDIATELY LEAVE THE TOTAL DEPENDENCE ON THE WINDOW SELLING FOREIGN CURRENCY IN ITS FINANCIAL ACTIVITY." the only way they can leave the dependence on the currency auction window is to use the dinar directly to buy foreign goods and services. The only way they can do this is to switch to using the dinar for global trade. When they do this, it must first be on a float and on FOREX.
5-30-2018 Newshound/Intel Guru BGG Article: "Abadi’s list hints at the opposition" I think it early to worry or be concerned about who will lead Iraq. This is more of a threat than a reality. I think there is little chance Abadi’s list winds up as the opposition in Parliament, rather – this is a statement confirming his loyalties to the cause of the people and a warning to some of the “swing votes” who might still be jockeying with the dream there is a return to some former place in which Maliki returns Iraq to rampant corruption where he gets to do as he pleases and they get paid huge fortunes. Abadi still has the clearest path to being the next PM.
5-30-2018 Intel Guru Jester [...do you see any good windows for the IQD coming up?] THERE IS A SCHEDULE.. WE DO NOT KNOW WHAT IT IS... ALL WE ARE GETTING IS THINGS ARE WELL JUST BE PATIENT... [...seems to me that if enough has gone down that they are able to make a schedule instead of just checking off items as they work towards the conclusion...] WELL IT MAY BE.. I THINK THEY HAVE HAD A CHECK LIST... ODDLY ENOUGH THE THINGS WE REPORTED ON YEARS AGO ARE THE ONES THAT ARE BEING THROWN AROUND NOW... INTERESTINGLY ENOUGH THE CONTACTS HAD IT RIGHT...
5-30-2018 Intel Guru Bruce ...There is a big announcement expected out of Iraq in the morning [Wednesday]...Big Announcement. There is also an emergency meeting of the new legislature, the new Parliament that has been appointed by now in Iraq. They are going to go over the 2018 budget and all the budgets through the year 2022. ...I think the big announcement that we are looking for should very well be related to maybe partially the government itself with the fact Abadi is back in charge and also the fact we should have a new published out rate that is seen internationally. We know what the rate is, we seen it for a couple of weeks as an in-country new rate that has been available on the Qi cards... I can tell you rates are still very good of what we know of them...I heard the new rates may be released on the Forex overnight tonight [Tuesday]. ...I would say we are in the midst of this going down here very shortly...Our best bet is sort of be patient a little bit longer and see what develops because we are basically at the end of the ride.
5-30-2018 Newshound/Intel Guru Mnt Goat ...Does the CBI really need a “fully” functional government to go ahead with the RV? Or are they just looking to resolve the FRAUD and MANIPULATION of the currency issue? ...the CBI already told us the answer. They said they need a “more suitable environment” and this means resolving the FRAUD and MANIPULATION of the currency. ...But let’s look at the real issue the CBI is concerned about – the fraud and manipulation of the currency caused by the currency auctions... Two reasons the CBI needs to fix these issues now: 1. the pressure from the IMF to resolve this corruption at the highest levels of govt. 2. the IMF imposed the MCP monitoring upon the CBI and will continue making some legal issue to hold up the process to delete the zeros until these corruption scandals are dealt with... ...So if it happens that Haider al-Abadi does get a second term, (most probable) he could have his govt formed in a matter of days, if not only weeks. So, this process could be speeded up significantly with al-Abadi back at the helm. It might take much less time anyhow.
5-30-2018 Intel Guru Frank26 [via sunny] Last Friday CBI told all banks in the world they would stop using foreign currencies. After the banks closed Friday the 1190 rate hit. Causes banks to move away from auctions so they will re-instate their currency! ... 1190 was to fix official buy/sell rate of IQD. 1184 was the rate before. This brings the IQD to parity with the USD. There is a need for Re-in-statement; need for Immediate rate change; need for the program rate to go away. This is a major accomplishment...for a suitable environment for the RI of IQD (Iraqi Dinar) Waited for a movement of 3-6 pips...
5-30-2018 Newshound Guru Kaperoni What will happen is exactly what we've been saying for several years they will accept Article VIII, get off the peg and move to a float and allow the dinar to gradually appreciate as investment comes into the country. Though the CBI only has about 18 days left to meet the three-month compliance, I don't expect them to act immediately because the government hasn't been formed. They are making significant progress preparing to open the banking system.
5-30-2018 Intel Guru Frank26 [via sunny] The CBI sent the Gazette an announcement on May 14th. In the May 21st issue The Gazette published a notice the CBI would be making an announcement. Speculation that the “announcement” could be about the re-instatement of the Iraq currency or Article 8 meaning they are International. Lifting restrictions on the currency and providing modern banking products is done by law in Iraq. Yesterday there was an article out that said “immediately” which was interpreted to mean the introduction of the small notes as the environment is now “suitable.” Article in the newspaper that the Iraqi Dinar is equal to the USD. Dollars disappearing from the streets. The rate has to come first before showing the lower denominations. The banks are showing descriptions of the lower notes. ATM’s have new software and the billboards have been ready for some time. They describe the LD’s but do not show the coins/fils.
5-30-2018 Newshound/Intel Guru Mnt Goat Article: "STABILITY OF THE EXCHANGE RATE AND THE RECOVERY OF THE IRAQI DINAR" Quote: "REQUIRES DIRECT BANKS TO IMMEDIATELY LEAVE THE TOTAL DEPENDENCE ON THE WINDOW SELLING FOREIGN CURRENCY IN ITS FINANCIAL ACTIVITY." the only way they can leave the dependence on the currency auction window is to use the dinar directly to buy foreign goods and services. The only way they can do this is to switch to using the dinar for global trade. When they do this, it must first be on a float and on FOREX.
5-30-2018 Newshound/Intel Guru BGG Article: "Abadi’s list hints at the opposition" I think it early to worry or be concerned about who will lead Iraq. This is more of a threat than a reality. I think there is little chance Abadi’s list winds up as the opposition in Parliament, rather – this is a statement confirming his loyalties to the cause of the people and a warning to some of the “swing votes” who might still be jockeying with the dream there is a return to some former place in which Maliki returns Iraq to rampant corruption where he gets to do as he pleases and they get paid huge fortunes. Abadi still has the clearest path to being the next PM.
5-30-2018 Intel Guru Jester [...do you see any good windows for the IQD coming up?] THERE IS A SCHEDULE.. WE DO NOT KNOW WHAT IT IS... ALL WE ARE GETTING IS THINGS ARE WELL JUST BE PATIENT... [...seems to me that if enough has gone down that they are able to make a schedule instead of just checking off items as they work towards the conclusion...] WELL IT MAY BE.. I THINK THEY HAVE HAD A CHECK LIST... ODDLY ENOUGH THE THINGS WE REPORTED ON YEARS AGO ARE THE ONES THAT ARE BEING THROWN AROUND NOW... INTERESTINGLY ENOUGH THE CONTACTS HAD IT RIGHT...
5-30-2018 Intel Guru Bruce ...There is a big announcement expected out of Iraq in the morning [Wednesday]...Big Announcement. There is also an emergency meeting of the new legislature, the new Parliament that has been appointed by now in Iraq. They are going to go over the 2018 budget and all the budgets through the year 2022. ...I think the big announcement that we are looking for should very well be related to maybe partially the government itself with the fact Abadi is back in charge and also the fact we should have a new published out rate that is seen internationally. We know what the rate is, we seen it for a couple of weeks as an in-country new rate that has been available on the Qi cards... I can tell you rates are still very good of what we know of them...I heard the new rates may be released on the Forex overnight tonight [Tuesday]. ...I would say we are in the midst of this going down here very shortly...Our best bet is sort of be patient a little bit longer and see what develops because we are basically at the end of the ride.
5-30-2018 Newshound/Intel Guru Mnt Goat ...Does the CBI really need a “fully” functional government to go ahead with the RV? Or are they just looking to resolve the FRAUD and MANIPULATION of the currency issue? ...the CBI already told us the answer. They said they need a “more suitable environment” and this means resolving the FRAUD and MANIPULATION of the currency. ...But let’s look at the real issue the CBI is concerned about – the fraud and manipulation of the currency caused by the currency auctions... Two reasons the CBI needs to fix these issues now: 1. the pressure from the IMF to resolve this corruption at the highest levels of govt. 2. the IMF imposed the MCP monitoring upon the CBI and will continue making some legal issue to hold up the process to delete the zeros until these corruption scandals are dealt with... ...So if it happens that Haider al-Abadi does get a second term, (most probable) he could have his govt formed in a matter of days, if not only weeks. So, this process could be speeded up significantly with al-Abadi back at the helm. It might take much less time anyhow.
5-30-2018 Intel Guru Frank26 [via sunny] Last Friday CBI told all banks in the world they would stop using foreign currencies. After the banks closed Friday the 1190 rate hit. Causes banks to move away from auctions so they will re-instate their currency! ... 1190 was to fix official buy/sell rate of IQD. 1184 was the rate before. This brings the IQD to parity with the USD. There is a need for Re-in-statement; need for Immediate rate change; need for the program rate to go away. This is a major accomplishment...for a suitable environment for the RI of IQD (Iraqi Dinar) Waited for a movement of 3-6 pips...
5-30-2018 Newshound Guru Kaperoni What will happen is exactly what we've been saying for several years they will accept Article VIII, get off the peg and move to a float and allow the dinar to gradually appreciate as investment comes into the country. Though the CBI only has about 18 days left to meet the three-month compliance, I don't expect them to act immediately because the government hasn't been formed. They are making significant progress preparing to open the banking system.
5-29-2018 *** Dinar Guru Newsflash *** Late Sunday the CBI lowered their official rate. 1 USD is now equal to 1190 IQD. What's interesting is the CBI LOWERED the official rate while the market rate has been INCREASING in value all year. The CBI official rate and the market rate are now only 6 dinars appart (The CBI's last reported market rate was Sunday 3-27-2018 at 1196). Guru G-Lin points out Monday's actions were also a bit weird...the official rate and the auction price were the same. The CBI said they'd begin their reform programs following the elections...is this the first sign of those reforms being implemented? Stay tuned as the gurus chime in on what this latest development means for the RV! The latest guru posts will continue below... [You can see the official CBI rate and the market rate on the left of this page...]
5-29-2018 Intel Guru Dr. Clarke ...a Special Message from the “TAX Godz”: Do yourself a Favor. PLAN on paying your Income Taxes on this thing, until you get a Legal, Verifiable, Legitimate,“FOR REAL” Guideline, IRS Ruling in writing”, on this currency exchange, that says otherwise. Don’t be Ridiculous, and rely on some “Rumor”, or hearsay, FROM ANYBODY. You’re in the Spotlight…and Personally Accountable...and we’re certainly not professional Financial, Tax or Legal advisors. Get Licensed, Professional, Tangible...Assistance.
5-29-2018 Newshound/Intel Guru BGG [Reference Dinar Guru Newsflash 5-29-2018] IMHO this move is purely about staying in or getting into better compliance with IMF directives. Pure and simple. So they devalued by 1.7 CENTS!! Big deal… the BIG DEAL is they are showing a distinct and stunning sensitivity to being in alignment with the IMF. Here’s the real kicker… they’ve known how to do this all along, and yet they’ve been doing something else all along. Why the sudden change of heart? Why now? What has changed and what is their end-game? Most interesting times.
5-29-2018 Newshound Guru Don961 Article: "Amer Issa Al-Jawahiri: The importance of implementing the National Development Plan 2018-2022 in Iraq" the word " implement " and its derivatives appears 22 times in the pdf article ... sounds like they are eager to get the show on the road ... immediately at that ... imo.
5-29-2018 Intel Guru Delta [via sunny] CBI wanted to move FAST for compliance of 90 days. Jumped the gun by moving to 1190. To move from 1184 to 1190 is a brilliant move. It removes the fractional banking issue...They don’t want to deal with fractional banking...Want to do this "immediately." A lot will lose money if they hold US dollars. You should be jumping up and down today...by Tuesday could make announcement of what Iraqi Dinar linked to. "This is HUGE, you should be excited about this." "We believe we are about to see the rate come out..." In the next 24-48 hours I think we will have a clearer picture. "We should see something big BEFORE JUNE 1."
5-29-2018 Intel Guru Frank26 [via sunny] 1190...I know it looks negative to go from 1260 to 1190, but it’s not. It’s the 2% compliance...they will start de-pegging from the dollar. Auctions must stop because, since Thursday, they are selling US Dollars with no profit. When the auctions stop it will raise the value of the currency. ...1190 is not a disaster. It’s a strategical move. It’s a move for the short run to the Reinstatement, with no fractional banking and to expose the 2nd set of books. The CBI with the US, IMF and WB knows what it is doing...They were told to “immediately” back away from selling USD...Immediately stopping the auctions means “International.” With this move of 1190 they jumped the gun by two weeks...By doing this they don’t have to wait until June 15th...They have to do it way before June 15-16...No need for a "programmed rate" any longer.
5-29-2018 Newshound/Intel Guru Mnt Goat So here is a time sequence as we should all now see it:
-May 31st - Deadline to submit any complaints about the voting process to electoral commission.
-June 1st – the first session of the NEW Parliament first order of business is to swear in its newly elected members.
-Prior or just after to June 1st- The Sadr Movement announces their candidate for Prime Minister.
-Early June sometime the NEW Parliament must ratify the nominee for the Prime Minister.
-Once nominee is ratified by the NEW Parliament, the NEW prime minister will have 90 days [or 3 months] to form the new government. This would bring us to around September timeframe to have a possible “fully” functional govt.
-June 15th – The Judiciary must ratify the election results 2 weeks after the deadline from the Electoral Commission is reached.
5-29-2018 Newshound Guru MilitiaMan Article: “Reconstruction of the oldest and most famous streets of Mosul” I do beleive it takes contracts to drive fresh new reconstruction. It entails jobs for starters, then a laundry list of materials that all cost dinars... each employee working requires to be fed and housed...1 employee with a good competitive wage supports numerous others! In fact probably many for that matter. It begins... imo.
5-29-2018 Intel Guru Dr. Clarke GET your PAPERWORK READY NOW!...in case you need SOME OF IT...You may not need all of it...BUT, you already know, you’re going to have to PROVE WHO YOU ARE, before you can Exchange. DO IT...NOW. When we said “PAPERWORK” ...we meant ALL PAPERWORK. ANY Paperwork...Your Driver’s License is Paperwork. Your Passport is Paperwork. Your Currency is Paperwork. Your “Lists” are Paperwork. Your Gift Letters are Paperwork. Your Bank Prospects, are Paperwork. Your Receipts, are Paperwork. ALL your Legal Documents are Paperwork. Your Articles of Incorporation, Trust Documents, Bank Account Verification Statements, Utility Bills, Divorce Papers, are all “Paperwork”... AND...we expect some REALLY REALLY Good News, Tues. (29th) or Wed. (30th) this week. “The TIME is very, VERY short...but has long, long, LONG-REACHING affects.”
5-29-2018 Newshound Guru chattels NOTE : Eid Al Fitr Holiday begins Friday, June 15, 2018 and ends Saturday, June 16, 2018.
5-29-2018 Newshound/Intel Guru BGG [Reference Dinar Guru Newsflash 5-29-2018] IMHO this move is purely about staying in or getting into better compliance with IMF directives. Pure and simple. So they devalued by 1.7 CENTS!! Big deal… the BIG DEAL is they are showing a distinct and stunning sensitivity to being in alignment with the IMF. Here’s the real kicker… they’ve known how to do this all along, and yet they’ve been doing something else all along. Why the sudden change of heart? Why now? What has changed and what is their end-game? Most interesting times.
5-29-2018 Newshound Guru Don961 Article: "Amer Issa Al-Jawahiri: The importance of implementing the National Development Plan 2018-2022 in Iraq" the word " implement " and its derivatives appears 22 times in the pdf article ... sounds like they are eager to get the show on the road ... immediately at that ... imo.
5-29-2018 Intel Guru Delta [via sunny] CBI wanted to move FAST for compliance of 90 days. Jumped the gun by moving to 1190. To move from 1184 to 1190 is a brilliant move. It removes the fractional banking issue...They don’t want to deal with fractional banking...Want to do this "immediately." A lot will lose money if they hold US dollars. You should be jumping up and down today...by Tuesday could make announcement of what Iraqi Dinar linked to. "This is HUGE, you should be excited about this." "We believe we are about to see the rate come out..." In the next 24-48 hours I think we will have a clearer picture. "We should see something big BEFORE JUNE 1."
5-29-2018 Intel Guru Frank26 [via sunny] 1190...I know it looks negative to go from 1260 to 1190, but it’s not. It’s the 2% compliance...they will start de-pegging from the dollar. Auctions must stop because, since Thursday, they are selling US Dollars with no profit. When the auctions stop it will raise the value of the currency. ...1190 is not a disaster. It’s a strategical move. It’s a move for the short run to the Reinstatement, with no fractional banking and to expose the 2nd set of books. The CBI with the US, IMF and WB knows what it is doing...They were told to “immediately” back away from selling USD...Immediately stopping the auctions means “International.” With this move of 1190 they jumped the gun by two weeks...By doing this they don’t have to wait until June 15th...They have to do it way before June 15-16...No need for a "programmed rate" any longer.
5-29-2018 Newshound/Intel Guru Mnt Goat So here is a time sequence as we should all now see it:
-May 31st - Deadline to submit any complaints about the voting process to electoral commission.
-June 1st – the first session of the NEW Parliament first order of business is to swear in its newly elected members.
-Prior or just after to June 1st- The Sadr Movement announces their candidate for Prime Minister.
-Early June sometime the NEW Parliament must ratify the nominee for the Prime Minister.
-Once nominee is ratified by the NEW Parliament, the NEW prime minister will have 90 days [or 3 months] to form the new government. This would bring us to around September timeframe to have a possible “fully” functional govt.
-June 15th – The Judiciary must ratify the election results 2 weeks after the deadline from the Electoral Commission is reached.
5-29-2018 Newshound Guru MilitiaMan Article: “Reconstruction of the oldest and most famous streets of Mosul” I do beleive it takes contracts to drive fresh new reconstruction. It entails jobs for starters, then a laundry list of materials that all cost dinars... each employee working requires to be fed and housed...1 employee with a good competitive wage supports numerous others! In fact probably many for that matter. It begins... imo.
5-29-2018 Intel Guru Dr. Clarke GET your PAPERWORK READY NOW!...in case you need SOME OF IT...You may not need all of it...BUT, you already know, you’re going to have to PROVE WHO YOU ARE, before you can Exchange. DO IT...NOW. When we said “PAPERWORK” ...we meant ALL PAPERWORK. ANY Paperwork...Your Driver’s License is Paperwork. Your Passport is Paperwork. Your Currency is Paperwork. Your “Lists” are Paperwork. Your Gift Letters are Paperwork. Your Bank Prospects, are Paperwork. Your Receipts, are Paperwork. ALL your Legal Documents are Paperwork. Your Articles of Incorporation, Trust Documents, Bank Account Verification Statements, Utility Bills, Divorce Papers, are all “Paperwork”... AND...we expect some REALLY REALLY Good News, Tues. (29th) or Wed. (30th) this week. “The TIME is very, VERY short...but has long, long, LONG-REACHING affects.”
5-29-2018 Newshound Guru chattels NOTE : Eid Al Fitr Holiday begins Friday, June 15, 2018 and ends Saturday, June 16, 2018.
5-28-2018 Newshound/Intel Guru Mnt Goat As part of this resulted in the IMF decided to impose a Multiple Currency Practice (MCP) monitoring on the currency for 90 days. Why did they do this? Are they concerned so much that the currency can’t hold a steady rate? No - of course not- this monitoring was imposed to intentionally hold-back any reinstatement until the FRAUD and MANIPULATION is resolved. It was their way of ensuring the plug was pulled in the RV, until at least after the elections are over and a SECURE and STABLE govt is decided upon. They will continue to hold up the RV anyway they can until they are ready to allow the CBI to do it...So the 90 day monitoring is over around mid June. [post 2 of 2]
5-28-2018 Newshound/Intel Guru Mnt Goat ...First of all when I say “RV” I am using a generic catch all term to describe any significant increase in the value worth going to the bank for exchange, and being allowed to exchange. So please don’t get caught up in the terminology so much. The dinar, we know, must first get reinstated as part of this process to even get to the any change in value. Understand? So we know that the CBI did in FACT plan an RV during this past Dec and Jan timeframe. It did NOT happen. Why? The RV did not happen because the IMF and CBI discovered massive FRAUD and MANIPULATION of the currency. This was in dealing with the currency auctions. [post 1 of 2....stay tuned]
5-28-2018 Newshound Guru Adam Montana We're currently midway through Ramadan, which typically means we expect "quiet" in the way of major news from Iraq. The bottom line is simple - it's a long holiday and they don't make major changes during a holiday that the majority of that part of the world recognizes. That doesn't mean they won't surprise us, but I think it's safe to assume we have a 2 week lull still coming. After that... game on!!!
5-28-2018 Newshound Guru Breitling …What have they [Iraq/CBI] gotten rid of so far? They’ve gotten rid of the entire 50 dinar note. And that’s why we watch the note count the way we do. It’s because they’re actually taking notes out of the market to add value to their currency. Not only that but the value of Turkey’s currency was never that great ever. With the Iraqi dinar it’s the compete opposite. It was worth $3.25 US dollars at one time. And what was the note count when it was at that value? It was at one billion physical notes. And that’s why we watch the note count the way we do. Iraq has never talked about a lop. Iraq is talking about taking physical notes out of the market and the notes that are left over absorb the value of what’s backing up that currency in the first place. It is that simple. Turkey never took any notes out of the market. Iraq is taking notes out of the market. They’ve done it two different ways and that’s what they’re doing. So that’s the difference and that’s why there is no lop… [Post 2 of 2]
5-28-2018 Newshound Guru Breitling People keep bringing up this lop stuff and it’s completely off base…in country revaluation - there’s no such thing. In country revaluations have never existed in the history of all man kind. That’s the most asinine thing I’ve ever heard. No one can show me an example of an in country revaluation. It just doesn’t work that way. They got this idea because Turkey back in the day…So what they did was they took the currency that they had and they pretend that they took three zeros off it and somehow that was going to make their economy more efficient. But it was a ruse. It was a big trick…there was no new imports. There was no new exports. There was no new nothing. But here’s the point you need to understand. They never took one note off the market. All those notes were left in the market. They just pretended the three zeros didn’t exist on them. Iraq is the compete opposite… [Post 1 of 2]
5-28-2018 Newshound Guru G-Lin There was a change in rate today on the CBI site. It went to 1190 from 1184. It has been at 1184 for a while. Even though it is higher, the change is interesting because the auction rate is also 1190. They are the same for the first time I've ever noticed. Also that is about the same as the street rate. Are they getting ready to delete 0's? I have no idea but this is worth watching...
5-28-2018 Newshound/Intel Guru Mnt Goat ...remember this is being held by the old parliament not the newly elected one. So if they swear in new members than Sadr movement will have majority of seats. Technically, the Rules in the Constitution say that the next session of parliament following the elections must swear in the newly elected members. They may try to claim that this is a “special session” of the prior parliament. So can they really even have a session to do what they want to do and that is nullify the elections results? Can you see how this is NOT the place to do this but this is really the responsibility with the Judiciary. Why does the judiciary not speak up?
5-28-2018 Newshound/Intel Guru Mnt Goat ...First of all when I say “RV” I am using a generic catch all term to describe any significant increase in the value worth going to the bank for exchange, and being allowed to exchange. So please don’t get caught up in the terminology so much. The dinar, we know, must first get reinstated as part of this process to even get to the any change in value. Understand? So we know that the CBI did in FACT plan an RV during this past Dec and Jan timeframe. It did NOT happen. Why? The RV did not happen because the IMF and CBI discovered massive FRAUD and MANIPULATION of the currency. This was in dealing with the currency auctions. [post 1 of 2....stay tuned]
5-28-2018 Newshound Guru Adam Montana We're currently midway through Ramadan, which typically means we expect "quiet" in the way of major news from Iraq. The bottom line is simple - it's a long holiday and they don't make major changes during a holiday that the majority of that part of the world recognizes. That doesn't mean they won't surprise us, but I think it's safe to assume we have a 2 week lull still coming. After that... game on!!!
5-28-2018 Newshound Guru Breitling …What have they [Iraq/CBI] gotten rid of so far? They’ve gotten rid of the entire 50 dinar note. And that’s why we watch the note count the way we do. It’s because they’re actually taking notes out of the market to add value to their currency. Not only that but the value of Turkey’s currency was never that great ever. With the Iraqi dinar it’s the compete opposite. It was worth $3.25 US dollars at one time. And what was the note count when it was at that value? It was at one billion physical notes. And that’s why we watch the note count the way we do. Iraq has never talked about a lop. Iraq is talking about taking physical notes out of the market and the notes that are left over absorb the value of what’s backing up that currency in the first place. It is that simple. Turkey never took any notes out of the market. Iraq is taking notes out of the market. They’ve done it two different ways and that’s what they’re doing. So that’s the difference and that’s why there is no lop… [Post 2 of 2]
5-28-2018 Newshound Guru Breitling People keep bringing up this lop stuff and it’s completely off base…in country revaluation - there’s no such thing. In country revaluations have never existed in the history of all man kind. That’s the most asinine thing I’ve ever heard. No one can show me an example of an in country revaluation. It just doesn’t work that way. They got this idea because Turkey back in the day…So what they did was they took the currency that they had and they pretend that they took three zeros off it and somehow that was going to make their economy more efficient. But it was a ruse. It was a big trick…there was no new imports. There was no new exports. There was no new nothing. But here’s the point you need to understand. They never took one note off the market. All those notes were left in the market. They just pretended the three zeros didn’t exist on them. Iraq is the compete opposite… [Post 1 of 2]
5-28-2018 Newshound Guru G-Lin There was a change in rate today on the CBI site. It went to 1190 from 1184. It has been at 1184 for a while. Even though it is higher, the change is interesting because the auction rate is also 1190. They are the same for the first time I've ever noticed. Also that is about the same as the street rate. Are they getting ready to delete 0's? I have no idea but this is worth watching...
5-28-2018 Newshound/Intel Guru Mnt Goat ...remember this is being held by the old parliament not the newly elected one. So if they swear in new members than Sadr movement will have majority of seats. Technically, the Rules in the Constitution say that the next session of parliament following the elections must swear in the newly elected members. They may try to claim that this is a “special session” of the prior parliament. So can they really even have a session to do what they want to do and that is nullify the elections results? Can you see how this is NOT the place to do this but this is really the responsibility with the Judiciary. Why does the judiciary not speak up?
5-27-2018 Newshound Guru MilitiaMan Now keep in mind that the dust is settling on the political stage and note they had (imo) 15 days to get things in order and then, wala. ...In other words, the final touches politically last night look to have been met and apparently reported today that are on time, and within that window of 15 days. Close enough for Government work, imo.. Then the CBI at or just before Banks closed in Iraq today we see this. 1USD/1190IQD = .00084034. Imo if you have one USD divided by 1190 that is a number. Project to delete the Zeros, then becomes 1 USD 1/.84 = 1.190476 IQD. imo That is purchase power folks, imo.. That will or should draw the remaining 3 zero notes in from the citizens, as in country the Dinar has or will have more value than the USD. Just like they are telling them in the news... [post 2 of 2]
5-27-2018 Newshound Guru MilitiaMan US dollar USD 1190.000 "1190 ought to floor everyone. The CBI is not going to lose money for very long... Quote: "And that this goal will remain one of the objectives of the central bank, which requires direct banks to immediately leave the total dependence on the window selling foreign currency in its financial activity." In fact, imo ...one word that is very telling. It is... "Immediately..." That is about how long the CBI will lose money...imo Well at a 1190 they will do exactly that... They are not in the business to lose money. In fact they will make nothing but money from hear on out. imo. [post 1 of 2....stay tuned]
5-27-2018 Intel Guru Dr. Clarke In regards to RATES. Nobody knows exactly what the rates will be, until the Moment, they actually make them Public. However, we fully expect, and are guessing at an Exchange Rate in the U.S., on the Iraq Dinar, to be in excess of $4.00, within a few days of the release. On the Vietnamese Dong, we fully expect, our guess is an exchange rate in the U.S., of over $2.00, within a few days of the PUBLIC increase - and we expect them BOTH to move within 24 hours, of one another. ...All that matters, is the “Exchange Rate”, which is the “Out of Country” rate, for any country in the Exchange process...and fluctuates, based on the “Market” - the FOREX Market. The “Markets” drive the Rates, up & down, so it’s always anyone’s guess. What do we base these on? Our “Gut”. Net asset value of the country. Previous rate history. World Economic conditions. Competing currencies. Regional Values. “FOREX Market Value”. The “RATE Godz" have spoken... [post 3 of 3]
5-27-2018 Intel Guru Dr. Clarke This will satisfy the requirements the CBI publicly set, for a “SUITABLE ENVIRONMENT”, in order to do so. How many DAYS AFTER...nobody knows. But, it shouldn’t be long. Keep in mind, that there is urgency, due to Iraq wanting that donor money, pledged from all those countries at the Kuwait Conference, which is waiting on a “Suitable Environment”, and an RV, in order for those funds to flow to Iraq. Additionally, the factions that oppose the Sadr-Abadi camp, will rebel once they announce the new PM, so an IMMEDIATE RV, will help soften the possible riots & uprisings that occur, keeping them “Happily Busy” with positive money matters. During RAMADAN (ending June 15th) is the perfect time...We have our eyes particularly focused on the weekend of JUNE 2, 3rd...with Eager Anticipation. Our Optimum Personal Exchange Window, has shifted to after the 15th, into the 3rd Week of JUNE. Figure that out... [post 2 of 3....stay tuned]
5-27-2018 Intel Guru Dr. Clarke Things have changed a bit...May 24th did bring some Big News, in that the N. Korea meeting was cancelled by Pres. Trump. We figured...The meeting may still happen SOMETIME in June. This does NOT have to happen, before there’s an RV in Iraq & Vietnam. However, there are ties to it, because of China, and also the status of Iran and the Nuclear deal, that Pres. Trump cancelled. Negotiations are happening in the “Closet”, as we speak... Given the status of “EVERYTHING” - The “Worldwide View”, we Believe, as of this writing “Today”, that Iraq will Officially & Publicly RV the Dinar, ANY DAY AFTER the Public Announcement of the next Prime Minister, as selected by the Sadr Camp - which looks to be Abadi...and should happen ANY DAY NOW. [post 1 of 3....stay tuned]
5-27-2018 Newshound Guru chattels [ i...was wondering if you think the IMF is in charge of most of this dinar circus?] Iraq's monetary practice and policy arguably must exist within an acceptable framework for it's currency to be received / valued by others is my sense of it. It is a collaborative and compliance situation between the CBI and the IMF at least. Neither is arguably "in charge".
5-27-2018 Newshound/Intel Guru Mnt Goat Article: "The Electoral Commission (IHEC) has set the deadline for receipt of appeals for the results of the parliamentary elections on Thursday." the judiciary will not act to ratify the election results until all these deadlines have expired. They then will take time to review all the appeals and findings of the results and make a decision. So here we see that they will not even be able to begin their work in this matter until at least May 31st deadline for appeals. So knowing this then why in hell is the parliament attempting to execute judiciary powers in this matter? This is not within the scope of their work.
5-27-2018 Newshound Guru MilitiaMan US dollar USD 1190.000 "1190 ought to floor everyone. The CBI is not going to lose money for very long... Quote: "And that this goal will remain one of the objectives of the central bank, which requires direct banks to immediately leave the total dependence on the window selling foreign currency in its financial activity." In fact, imo ...one word that is very telling. It is... "Immediately..." That is about how long the CBI will lose money...imo Well at a 1190 they will do exactly that... They are not in the business to lose money. In fact they will make nothing but money from hear on out. imo. [post 1 of 2....stay tuned]
5-27-2018 Intel Guru Dr. Clarke In regards to RATES. Nobody knows exactly what the rates will be, until the Moment, they actually make them Public. However, we fully expect, and are guessing at an Exchange Rate in the U.S., on the Iraq Dinar, to be in excess of $4.00, within a few days of the release. On the Vietnamese Dong, we fully expect, our guess is an exchange rate in the U.S., of over $2.00, within a few days of the PUBLIC increase - and we expect them BOTH to move within 24 hours, of one another. ...All that matters, is the “Exchange Rate”, which is the “Out of Country” rate, for any country in the Exchange process...and fluctuates, based on the “Market” - the FOREX Market. The “Markets” drive the Rates, up & down, so it’s always anyone’s guess. What do we base these on? Our “Gut”. Net asset value of the country. Previous rate history. World Economic conditions. Competing currencies. Regional Values. “FOREX Market Value”. The “RATE Godz" have spoken... [post 3 of 3]
5-27-2018 Intel Guru Dr. Clarke This will satisfy the requirements the CBI publicly set, for a “SUITABLE ENVIRONMENT”, in order to do so. How many DAYS AFTER...nobody knows. But, it shouldn’t be long. Keep in mind, that there is urgency, due to Iraq wanting that donor money, pledged from all those countries at the Kuwait Conference, which is waiting on a “Suitable Environment”, and an RV, in order for those funds to flow to Iraq. Additionally, the factions that oppose the Sadr-Abadi camp, will rebel once they announce the new PM, so an IMMEDIATE RV, will help soften the possible riots & uprisings that occur, keeping them “Happily Busy” with positive money matters. During RAMADAN (ending June 15th) is the perfect time...We have our eyes particularly focused on the weekend of JUNE 2, 3rd...with Eager Anticipation. Our Optimum Personal Exchange Window, has shifted to after the 15th, into the 3rd Week of JUNE. Figure that out... [post 2 of 3....stay tuned]
5-27-2018 Intel Guru Dr. Clarke Things have changed a bit...May 24th did bring some Big News, in that the N. Korea meeting was cancelled by Pres. Trump. We figured...The meeting may still happen SOMETIME in June. This does NOT have to happen, before there’s an RV in Iraq & Vietnam. However, there are ties to it, because of China, and also the status of Iran and the Nuclear deal, that Pres. Trump cancelled. Negotiations are happening in the “Closet”, as we speak... Given the status of “EVERYTHING” - The “Worldwide View”, we Believe, as of this writing “Today”, that Iraq will Officially & Publicly RV the Dinar, ANY DAY AFTER the Public Announcement of the next Prime Minister, as selected by the Sadr Camp - which looks to be Abadi...and should happen ANY DAY NOW. [post 1 of 3....stay tuned]
5-27-2018 Newshound Guru chattels [ i...was wondering if you think the IMF is in charge of most of this dinar circus?] Iraq's monetary practice and policy arguably must exist within an acceptable framework for it's currency to be received / valued by others is my sense of it. It is a collaborative and compliance situation between the CBI and the IMF at least. Neither is arguably "in charge".
5-27-2018 Newshound/Intel Guru Mnt Goat Article: "The Electoral Commission (IHEC) has set the deadline for receipt of appeals for the results of the parliamentary elections on Thursday." the judiciary will not act to ratify the election results until all these deadlines have expired. They then will take time to review all the appeals and findings of the results and make a decision. So here we see that they will not even be able to begin their work in this matter until at least May 31st deadline for appeals. So knowing this then why in hell is the parliament attempting to execute judiciary powers in this matter? This is not within the scope of their work.
5-26-2018 Newshound Guru chattels [...the CBI IS IN CONTROL PERIOD!!] There are market forces that the CBI can influence but I do not believe that the CBI "controls" them directly.
5-26-2018 Newshound Guru G-Lin Article: "Banks and dinar recovery" Quote: "more than two months ago the stability of the exchange rate and the recovery of the Iraqi dinar and the high purchasing power in the market of cash circulation because of the success of the plans and procedures of the Central Bank and the cooperation of the banking sector with him, which led to convergence of the exchange rate set by the Central Bank with the parallel market price..." If they are looking for financial stability the above art. certainly points to the dinar's stability. I know the election chaos is discouraging but will that effect the CBI's plan? You would think it would but I don't know. If they stop the auctions, they will need to set a rate. As usual we have two different scenarios going on in Iraq. Political which is a friggin mess and economic which is growing stronger everyday.
5-26-2018 Newshound Guru Breitling Part 2.3 How The Money Works: …You don’t need to ask, “Where are they going to come up with the US Dollars for all this?” It equivalent. If the bank exchanges the US dollar for the Iraqi dinar they are holding that same value in the Iraqi dinar and what they do with it is their business. Whether they sit on it and speculate, will they send it to the US treasury department and it ends up going in our foreign currency reserve? No body knows, it’s up to them. That’s their play. It’s not specially funded. No body is gaining off you in the exchange except for it’s fee in the exchange…that’s all it is… [Part 2: Post 3 of 3] [You can see Part 1: Going To The Bank in 5-25-2018 the posts below]
5-26-2018 Newshound Guru Breitling Part 2.2 How The Money Works: So let’s say you throw a million dollars worth of Iraqi Dinar on the table, you’re only getting a million dollar back if they are both worth that in US dollars. No body is gaining anything on our side or the bank side, it’s just a simple exchange from one currency type to another currency type. Where the money is to be made is the 1% or 2% they [the bank] charge for that exchange. Just like when we bought the currency in the first place. So NO, it’s not a specially funded event. It never has been in the history of mankind or the history of currency and it never will be. If you go all the way back to when modern banking was invented…there was always an even exchange… [Part 2: Post 2 of 3 Stay tuned] [You can see Part 1 Going To The Bank in 5-25-2018 the posts below]
5-26-2018 Newshound Guru Breitling Part 2.1 How The Money Works: The part that disturbs me and I don’t mean this with mean intent, Is how people are coming up with this idea that they have to have some “special fund” at a bank. Because the question is, “How are they going to be able to afford to give us all this money for the dinar?” So here’s how it is and here’s how it works. You’re exchanging a value of a currency for it’s equivalent in the U.S. Dollar. In other words they’re worth the exact same. It doesn’t matter what value you put on the Iraqi Dinar, you’re only going to get the exact value of that dinar in US dollars when you exchange it. It’s not going to be anything more. [Part 2: Post 1 of 3 stay tuned] [You can see Part 1 Going To The Bank in 5-25-2018 the posts below]
5-26-2018 Newshound Guru MilitiaMan Quotes: "The main ingredient in the successful introduction of a new currency is a strong commitment by the central bank together with the government to take the steps needed to ensure that the new currency is perceived as stable by companies, the general public, and the international community." "The next phase of currency reform is the conversion from old cash currency to new. " I am of the opinion that Iraq has provided all the above. Add in that Alak the CBI Governor was in the media having along side him the presentation boards and ATMs... The ATMs are now and have been in place...The Modernized banking is in effect, the ability to have E-Dinar or Lower Denominations. We also see the political side of things be for Economic reforms and Article 140 being for the citizens to bring out of poverty and share the wealth...! ... The bigger picture may be in view for all now... It sure is for me.. imo. [post 2 of 2]
5-26-2018 Newshound Guru MilitiaMan Article: "BANKS AND DINAR RECOVERY" The above is imo telling us the process from the Turkmenistan Model... Quote: "While unifying the exchange rate is important, the authorities must also modernize the national currency for a currency reform to be comprehensive. In Turkmenistan, the modernization entailed issuing a new family of banknotes that were smaller in size than the unnecessarily large old banknotes." A change in currency is coming when new modern banking products are implemented or launched. They need to be fast about it too. [post 1 of 2....stay tuned]
5-26-2018 Newshound Guru chattels Article: "Banks and dinar recovery" Quote: "more than two months ago the stability of the exchange rate and the recovery of the Iraqi dinar and the high purchasing power in the market of cash circulation because of the success of the plans and procedures of the Central Bank and the cooperation of the banking sector with him, which led to convergence of the exchange rate set by the Central Bank with the parallel market price,..." The foregoing arguably confirms the compliance made with the 2 % spread toward a three month period.
5-26-2018 Newshound Guru G-Lin Article: "Banks and dinar recovery" Quote: "more than two months ago the stability of the exchange rate and the recovery of the Iraqi dinar and the high purchasing power in the market of cash circulation because of the success of the plans and procedures of the Central Bank and the cooperation of the banking sector with him, which led to convergence of the exchange rate set by the Central Bank with the parallel market price..." If they are looking for financial stability the above art. certainly points to the dinar's stability. I know the election chaos is discouraging but will that effect the CBI's plan? You would think it would but I don't know. If they stop the auctions, they will need to set a rate. As usual we have two different scenarios going on in Iraq. Political which is a friggin mess and economic which is growing stronger everyday.
5-26-2018 Newshound Guru Breitling Part 2.3 How The Money Works: …You don’t need to ask, “Where are they going to come up with the US Dollars for all this?” It equivalent. If the bank exchanges the US dollar for the Iraqi dinar they are holding that same value in the Iraqi dinar and what they do with it is their business. Whether they sit on it and speculate, will they send it to the US treasury department and it ends up going in our foreign currency reserve? No body knows, it’s up to them. That’s their play. It’s not specially funded. No body is gaining off you in the exchange except for it’s fee in the exchange…that’s all it is… [Part 2: Post 3 of 3] [You can see Part 1: Going To The Bank in 5-25-2018 the posts below]
5-26-2018 Newshound Guru Breitling Part 2.2 How The Money Works: So let’s say you throw a million dollars worth of Iraqi Dinar on the table, you’re only getting a million dollar back if they are both worth that in US dollars. No body is gaining anything on our side or the bank side, it’s just a simple exchange from one currency type to another currency type. Where the money is to be made is the 1% or 2% they [the bank] charge for that exchange. Just like when we bought the currency in the first place. So NO, it’s not a specially funded event. It never has been in the history of mankind or the history of currency and it never will be. If you go all the way back to when modern banking was invented…there was always an even exchange… [Part 2: Post 2 of 3 Stay tuned] [You can see Part 1 Going To The Bank in 5-25-2018 the posts below]
5-26-2018 Newshound Guru Breitling Part 2.1 How The Money Works: The part that disturbs me and I don’t mean this with mean intent, Is how people are coming up with this idea that they have to have some “special fund” at a bank. Because the question is, “How are they going to be able to afford to give us all this money for the dinar?” So here’s how it is and here’s how it works. You’re exchanging a value of a currency for it’s equivalent in the U.S. Dollar. In other words they’re worth the exact same. It doesn’t matter what value you put on the Iraqi Dinar, you’re only going to get the exact value of that dinar in US dollars when you exchange it. It’s not going to be anything more. [Part 2: Post 1 of 3 stay tuned] [You can see Part 1 Going To The Bank in 5-25-2018 the posts below]
5-26-2018 Newshound Guru MilitiaMan Quotes: "The main ingredient in the successful introduction of a new currency is a strong commitment by the central bank together with the government to take the steps needed to ensure that the new currency is perceived as stable by companies, the general public, and the international community." "The next phase of currency reform is the conversion from old cash currency to new. " I am of the opinion that Iraq has provided all the above. Add in that Alak the CBI Governor was in the media having along side him the presentation boards and ATMs... The ATMs are now and have been in place...The Modernized banking is in effect, the ability to have E-Dinar or Lower Denominations. We also see the political side of things be for Economic reforms and Article 140 being for the citizens to bring out of poverty and share the wealth...! ... The bigger picture may be in view for all now... It sure is for me.. imo. [post 2 of 2]
5-26-2018 Newshound Guru MilitiaMan Article: "BANKS AND DINAR RECOVERY" The above is imo telling us the process from the Turkmenistan Model... Quote: "While unifying the exchange rate is important, the authorities must also modernize the national currency for a currency reform to be comprehensive. In Turkmenistan, the modernization entailed issuing a new family of banknotes that were smaller in size than the unnecessarily large old banknotes." A change in currency is coming when new modern banking products are implemented or launched. They need to be fast about it too. [post 1 of 2....stay tuned]
5-26-2018 Newshound Guru chattels Article: "Banks and dinar recovery" Quote: "more than two months ago the stability of the exchange rate and the recovery of the Iraqi dinar and the high purchasing power in the market of cash circulation because of the success of the plans and procedures of the Central Bank and the cooperation of the banking sector with him, which led to convergence of the exchange rate set by the Central Bank with the parallel market price,..." The foregoing arguably confirms the compliance made with the 2 % spread toward a three month period.
5-25-2018 Newshound/Intel Guru Mnt Goat So where does this effort now stand? ...I gave you a breakdown of the events in which we should expect things to happen soon. [reference Guru Mnt Goat posts 5-24-2018] We know already they are not on schedule but also not too far off. It is only May 25th just 2 weeks since the election. Sadr must decide on a candidate next week sometime since parliament begins its new session with its newly elected members on or around June 1st. [post 2 of 2]
5-25-2018 Newshound/Intel Guru Mnt Goat May 12, 2018: In a surprise (but not unexpected) upset the winner of the parliamentary elections was the Sadr coalition, which won control of 17 percent of the seats in parliament. Sadr is thus able to take the lead in trying to form a coalition government. His main opponents are pro-Iran politicians and the much larger group of corrupt politicians. ...A source in the Iraqi parliament, on Thursday, that the leader of the Sadrist movement Moqtada al-Sadr, will not ally with the head of the list of state law, Nuri al-Maliki, or the head of the Fatah coalition Hadi al-Ameri in forming the next government. [post 1 of 2....stay tuned]
5-25-2018 Intel Guru RayRen98 [Is the RV the culmination of the economic reform, or is there more afterwards?] As well as the RV, economic reforms includes rebuilding and reconstruction of Iraq, and Sadr is also suggesting that they pay people out of their oil revenues as well as creating jobs and reforming the banking system.
5-25-2018 Newshound/Intel Guru BGG Article: "Can Sadr swing Nonsectarian Government?" While this was originally published in one of the most reputable Middle East outlets… this isn’t a real question. It is clearly rhetorical. He can – the real question isn’t can he, the real question is – “Will everyone else...”? Things are shaping up well. I am very hopeful they come to a speedy resolution – without the corrupt.
5-25-2018 Intel Guru Bruce ...what is good about this is we thought for that to happen our Treasury would release Iraq to put out their rate and to be international known...to put their rate out to where it can be seen on the CBI and it could be known not just in Iraq...we know they have an in-country revaluation. The question is: Is it known outside of Iraq, in fact outside the Middle East? That is the question mark. I am it hearing from one source not sure about multiple confirmations of that. ...I think we could have an excellent Memorial Day weekend. I am excited. I am seeing some things coming together. I am seeing the timing coming together... [post 2 of 2]
5-25-2018 Intel Guru Bruce There is a slight bit of confusion in my mind about where Iraq is right now... I did understand that the so called RV was released today by al-Sadr, and I was thinking wait a minute. I thought...al-Sadr had ceded his power over to Abadi or least that was the plan. That was the plan early in the week with the election last Saturday if I am not mistaken. We thought okay that is cool that happened. Then we heard that the announcement we were looking for from Abadi today may have been in turn made by al-Sadr today about the RV...that was what one report said coming in. So I am going to say I do not have multiple confirmations of that. [post 1 of 2....stay tuned]
5-25-2018 Newshound Guru Breitling Part 1 cont... ...What’s going to happen officially is you’re going to take your Iraqi Dinar to the bank, they are going to certify it with a federal certified number then that money is going to go to the treasury department and it’s going to be verified and when it is verified that value is going to be put into an account. No one is going to send you millions of dollars in cash. That’s not how it works. Now that you have that money digitally in your account if you need to pull money out, you go through the same process everyone else does with a bank. Let’s say you need a lot, then you’re going to have to order it. Let’s say you need a 100K or whatever you’re going to have to order it. They’re not going to hand you 100K at the bank that day. You have to understand that. That’s how the process is going to work. [Part 1: Post 2 of 2 Stay tuned for Part 2: How The Money Works]
5-25-2018 Newshound Guru Breitling Part 1 Going To The Bank : Many moons ago, me and a group of guys got together and bought a Porsche engine…I went to Bank of America and was like I need to pull out $26K so I can go buy this engine. They were like we can only give you 5K today. I had to go to 4 other banks to end up pulling out $26K. I could have ordered that from my bank but it would have taken a couple of days. We simply didn’t have that time…The reason I’m saying that is because the process of when we go to exchange our currency for the Iraqi Dinar (and that’s the correct term.) You’re not going to go to the bank and put a bunch of paper money on the table and they are going to give you a bunch of dollars back. [Part 1: Post 1 of 2]
5-25-2018 Newshound Guru G-Lin [...the news is all over the place! Election results finalized, Abadi offered the PM position, government forming quickly, rigged election reports, efforts to cancel the elections, war...] Yes...What it boils down to is whoever develops the largest bloc will decide the ruling party and gov. Looks like Sadr, Abadi, Hakim, and hopefully the Kurds can out number Maliki and Amiri. I think Barzani is considering going with Maliki. That amazes me. We need to sit back and watch the outcome. I have no idea which way the Sunnis will come down. Allawi will always create problems. This may take a while.
5-25-2018 Newshound/Intel Guru Mnt Goat May 12, 2018: In a surprise (but not unexpected) upset the winner of the parliamentary elections was the Sadr coalition, which won control of 17 percent of the seats in parliament. Sadr is thus able to take the lead in trying to form a coalition government. His main opponents are pro-Iran politicians and the much larger group of corrupt politicians. ...A source in the Iraqi parliament, on Thursday, that the leader of the Sadrist movement Moqtada al-Sadr, will not ally with the head of the list of state law, Nuri al-Maliki, or the head of the Fatah coalition Hadi al-Ameri in forming the next government. [post 1 of 2....stay tuned]
5-25-2018 Intel Guru RayRen98 [Is the RV the culmination of the economic reform, or is there more afterwards?] As well as the RV, economic reforms includes rebuilding and reconstruction of Iraq, and Sadr is also suggesting that they pay people out of their oil revenues as well as creating jobs and reforming the banking system.
5-25-2018 Newshound/Intel Guru BGG Article: "Can Sadr swing Nonsectarian Government?" While this was originally published in one of the most reputable Middle East outlets… this isn’t a real question. It is clearly rhetorical. He can – the real question isn’t can he, the real question is – “Will everyone else...”? Things are shaping up well. I am very hopeful they come to a speedy resolution – without the corrupt.
5-25-2018 Intel Guru Bruce ...what is good about this is we thought for that to happen our Treasury would release Iraq to put out their rate and to be international known...to put their rate out to where it can be seen on the CBI and it could be known not just in Iraq...we know they have an in-country revaluation. The question is: Is it known outside of Iraq, in fact outside the Middle East? That is the question mark. I am it hearing from one source not sure about multiple confirmations of that. ...I think we could have an excellent Memorial Day weekend. I am excited. I am seeing some things coming together. I am seeing the timing coming together... [post 2 of 2]
5-25-2018 Intel Guru Bruce There is a slight bit of confusion in my mind about where Iraq is right now... I did understand that the so called RV was released today by al-Sadr, and I was thinking wait a minute. I thought...al-Sadr had ceded his power over to Abadi or least that was the plan. That was the plan early in the week with the election last Saturday if I am not mistaken. We thought okay that is cool that happened. Then we heard that the announcement we were looking for from Abadi today may have been in turn made by al-Sadr today about the RV...that was what one report said coming in. So I am going to say I do not have multiple confirmations of that. [post 1 of 2....stay tuned]
5-25-2018 Newshound Guru Breitling Part 1 cont... ...What’s going to happen officially is you’re going to take your Iraqi Dinar to the bank, they are going to certify it with a federal certified number then that money is going to go to the treasury department and it’s going to be verified and when it is verified that value is going to be put into an account. No one is going to send you millions of dollars in cash. That’s not how it works. Now that you have that money digitally in your account if you need to pull money out, you go through the same process everyone else does with a bank. Let’s say you need a lot, then you’re going to have to order it. Let’s say you need a 100K or whatever you’re going to have to order it. They’re not going to hand you 100K at the bank that day. You have to understand that. That’s how the process is going to work. [Part 1: Post 2 of 2 Stay tuned for Part 2: How The Money Works]
5-25-2018 Newshound Guru Breitling Part 1 Going To The Bank : Many moons ago, me and a group of guys got together and bought a Porsche engine…I went to Bank of America and was like I need to pull out $26K so I can go buy this engine. They were like we can only give you 5K today. I had to go to 4 other banks to end up pulling out $26K. I could have ordered that from my bank but it would have taken a couple of days. We simply didn’t have that time…The reason I’m saying that is because the process of when we go to exchange our currency for the Iraqi Dinar (and that’s the correct term.) You’re not going to go to the bank and put a bunch of paper money on the table and they are going to give you a bunch of dollars back. [Part 1: Post 1 of 2]
5-25-2018 Newshound Guru G-Lin [...the news is all over the place! Election results finalized, Abadi offered the PM position, government forming quickly, rigged election reports, efforts to cancel the elections, war...] Yes...What it boils down to is whoever develops the largest bloc will decide the ruling party and gov. Looks like Sadr, Abadi, Hakim, and hopefully the Kurds can out number Maliki and Amiri. I think Barzani is considering going with Maliki. That amazes me. We need to sit back and watch the outcome. I have no idea which way the Sunnis will come down. Allawi will always create problems. This may take a while.
5-24-2018 Newshound/Intel Guru Mnt Goat ...The final stage is that then the President of the Republic (the third and last president) must be selected within 30 days of the first meeting, and then the President nominates the Prime Minister of the largest bloc, if the prime minister candidate fails to collect parliamentary support, the president will choose another candidate as recommended by the Sadr Movement. So, you can see there is much work to be done and a narrow window to get it all done. They are already late. The keys to this process are: 1. to get the Judiciary to ratify the elections results in a timely manner and 2. to get the prime minister nominee announced in a timely manner. Everything else after that seems to flow quicker. We are still waiting for both to occur. [post 2 of 2]
5-24-2018 Newshound/Intel Guru Mnt Goat What should we look for in the next week or coming weeks? Watch for articles telling us the Judiciary ratified the elections results and they are final. The Iraqi parliament in its first session (of the NEW parliament), which is supposed to be held within 15 days after the ratification of the Federal Court on the election results. Since the first session of Parliament is scheduled to begin on June 1st, we can clearly see they are already running late in the process with only 8 days remaining until June 1st. Watch also for articles telling us that the Sadr Movement has selected a candidate as the nominee for the next prime minister. This is NOT yet official, however it is believed that Haider al-Abadi is that nominee. [post 1 of 2....stay tuned]
5-24-2018 Newshound/Intel Guru Mnt Goat We should all know by now that the Sadr Movement received the majority of the popular votes and thus the majority of seats in parliament. So, the “Sadr Movement” is now allowed to nominate the next prime minister for Iraq (just one of the 3 presidents). We are now in this stage of the process. We are witnessing Al-Sadr meeting with the numerous heads of the parties and coalitions... ...So, once the popular vote is official and ratified by the Judiciary the 90 day clock begins ticking. According to the constitution the process can take no longer than 90 days until the government is “fully” formed. But to get the clock ticking has been the problem in the past and seems to always be the delay in getting the show moving forward. We are still waiting for the Judiciary Ratification of the election results. This is the hold up right now.
5-24-2018 Newshound Guru sandyf It is a fact that the Central Bank of Kuwait did not revalue the KWD following the occupation. The KWD was reinstated at the same value as it was prior to the occupation. It is a fact that the CBI published a figure for “Currency Issued” of 42.172 Trillion IQD as of 31st March 2018…It is a fact that no country on a floating exchange rate has allowed “rapid” appreciation of the currency. In recent times the greatest appreciation seen was the Yuan at about 3% per year, many said that was rapid. In the eye of the beholder. It is a fact that I have never said there was no possibility of a positive outcome, Just that it would not be in the way some want to make out… [Post 2 of 2]
5-24-2018 Newshound Guru sandyf It is a fact that Iraq has for years discussed the project to delete the 3 zeros. It is a fact that ten years ago that Iraq considered the "Turkey model" for their redenomination. It is a fact that in April 2012 the Iraqi cabinet postponed the redenomination indefinitely. It is a fact that in 2009 an investigative report was published into redenominations. It is a fact that the 2009 report concluded that a major contributor to a "successful" redenomination was low inflation. It is a fact that a redenomination introduces a new national currency and that the previous national currency co-exists in-country for a period of time. It would become an ISO historical currency. It is a fact that ISO historical currencies are not recognised internationally... [Post 1 of 2]
5-24-2018 Newshound Guru chattels An inclusive and representative government which is efficient and effective without continued gridlock means stability, which coupled with improved security, is conducive to the monetary reform we await, IMO. If Kap's [Guru Kaperoni] theory has merit than there may be a happy coincidence of event late 2018 - early 2019.
5-24-2018 Newshound Guru Adam Montana ...here we are, patiently grinding through Ramadan. As expected, news is a bit slow at this time ...The good news is there’s absolutely nothing going on that gives us cause for concern - so sit tight, keep that dinar in a safe place, and let’s just keep an eye on things for the next couple weeks. Once things get moving again, we should be in for a heck of a ride…
5-24-2018 Newshound/Intel Guru Mnt Goat What should we look for in the next week or coming weeks? Watch for articles telling us the Judiciary ratified the elections results and they are final. The Iraqi parliament in its first session (of the NEW parliament), which is supposed to be held within 15 days after the ratification of the Federal Court on the election results. Since the first session of Parliament is scheduled to begin on June 1st, we can clearly see they are already running late in the process with only 8 days remaining until June 1st. Watch also for articles telling us that the Sadr Movement has selected a candidate as the nominee for the next prime minister. This is NOT yet official, however it is believed that Haider al-Abadi is that nominee. [post 1 of 2....stay tuned]
5-24-2018 Newshound/Intel Guru Mnt Goat We should all know by now that the Sadr Movement received the majority of the popular votes and thus the majority of seats in parliament. So, the “Sadr Movement” is now allowed to nominate the next prime minister for Iraq (just one of the 3 presidents). We are now in this stage of the process. We are witnessing Al-Sadr meeting with the numerous heads of the parties and coalitions... ...So, once the popular vote is official and ratified by the Judiciary the 90 day clock begins ticking. According to the constitution the process can take no longer than 90 days until the government is “fully” formed. But to get the clock ticking has been the problem in the past and seems to always be the delay in getting the show moving forward. We are still waiting for the Judiciary Ratification of the election results. This is the hold up right now.
5-24-2018 Newshound Guru sandyf It is a fact that the Central Bank of Kuwait did not revalue the KWD following the occupation. The KWD was reinstated at the same value as it was prior to the occupation. It is a fact that the CBI published a figure for “Currency Issued” of 42.172 Trillion IQD as of 31st March 2018…It is a fact that no country on a floating exchange rate has allowed “rapid” appreciation of the currency. In recent times the greatest appreciation seen was the Yuan at about 3% per year, many said that was rapid. In the eye of the beholder. It is a fact that I have never said there was no possibility of a positive outcome, Just that it would not be in the way some want to make out… [Post 2 of 2]
5-24-2018 Newshound Guru sandyf It is a fact that Iraq has for years discussed the project to delete the 3 zeros. It is a fact that ten years ago that Iraq considered the "Turkey model" for their redenomination. It is a fact that in April 2012 the Iraqi cabinet postponed the redenomination indefinitely. It is a fact that in 2009 an investigative report was published into redenominations. It is a fact that the 2009 report concluded that a major contributor to a "successful" redenomination was low inflation. It is a fact that a redenomination introduces a new national currency and that the previous national currency co-exists in-country for a period of time. It would become an ISO historical currency. It is a fact that ISO historical currencies are not recognised internationally... [Post 1 of 2]
5-24-2018 Newshound Guru chattels An inclusive and representative government which is efficient and effective without continued gridlock means stability, which coupled with improved security, is conducive to the monetary reform we await, IMO. If Kap's [Guru Kaperoni] theory has merit than there may be a happy coincidence of event late 2018 - early 2019.
5-24-2018 Newshound Guru Adam Montana ...here we are, patiently grinding through Ramadan. As expected, news is a bit slow at this time ...The good news is there’s absolutely nothing going on that gives us cause for concern - so sit tight, keep that dinar in a safe place, and let’s just keep an eye on things for the next couple weeks. Once things get moving again, we should be in for a heck of a ride…
5-23-2018 Newshound/Intel Guru Mnt Goat Article: "AL-ABADI VISION FOR THE NEXT FOUR YEARS IF HE IS APPOINTED TO FORM THE GOVERNMENT" Quote: "...his vision is based on "reforming the economy, defeating corruption and providing jobs for millions of young people who have the majority of the Iraqi population and continuing to improve public services , Ensuring the follow-up of human rights and the empowerment of women." ...okay so now we get more of what al-Abadi will do as the next prime minister. Does this sound familiar? It is almost word for word what the Sadr Movement was requiring of the next PM. Remember this article came out just prior to him being named as the nominee that the Sadr Movement will send to parliament as the next prime minister.
5-23-2018 Guest Guru BobTheTaxMan Question: Are you sure about capital gains verses ordinary income? Somewhere out in the dinar world there is a guy saying, “Look guys it’s going to be attributed to 988,” and it’s not ok. I keep telling everybody that 988 was created as a of handling incidental stuff. It does not apply to those of us who have bought dinar as an investment. It’s still not going to apply. If it was under 988 it would be considered capital gains but it is not. The other thing too that you have to realize…your loss that you may incur if you were to sell your dinar at a loss is not tax deductible. Something else you need to be aware of.
[NOTE: This is not to be considered tax advice in anyway…at the appropriate time you should speak to your own tax and financial professional.]
5-23-2018 Newshound Guru MilitiaMan Article: "Abadi: We call for a transitional government without preconditions" I sense urgency in the air. We recently heard the call for an acceleration in getting a government settled accordingly. Now the symbionic relationship between Abadi and Sadr, obviously isn't anything at all new...imo...They are way to aligned in just about everything and I posted photos of the two back in 2015, hand in hand smiling...Now with that said the two are clearly in alignment with wanting all Iraqis to be equal with no sectarianism period Amen! They want technocrats in position as a key point. Well, another nothing new, as Abadi has been doing exactly over the last couple years, therefore the above suggesting getting the government settled in record time is probably effectively been done for some time now.. imo. Let's not forget Frank / WS [Gurus Frank26 & Walkingstick] reminded us that Abadi did his Gov in thirty days beating Maliki"s 209. It has been 10 days since election... hmmm.
5-23-2018 Newshound Guru chattels 165 seats are necessary. Sadr’s Sairoon (54 seats), PM Abadi’s Nasr (42 seats), Hakim’s Hikma (19 seats), VP Allawi’s Wataniya (21 seats) and the KDP (25 seats) and Qarar (13 seats) makes a total of 173 if my math is correct. Can I get a "Bingo!"? With the Kurds as part of the government we have the best chance to avoid quotas and establish an efficient majority government for legislation without consensus, IMO. Godspeed the completion of the Iraqi Banking Sector Reform Project!
5-23-2018 Newshound/Intel Guru Mnt Goat Article: "MOQTADA AL-SADR, AGREED TO GIVE PRIME MINISTER HAIDER ABADI A SECOND TERM, DURING THE MEETING THEY HAD JUST GATHERED IN BAGHDAD" Okay so now we know Al-Abadi is going to be the next prime minister. We also gain some more insight at to the two conditions that al-Sadr is requiring of him. 1) fight corruption all the way to the top levels of govt 2) publish the list of names of those corrupt political officials.You can bet that on his mind is going after this Nori al-Maliki.
5-23-2018 Intel Guru Bruce What we are hearing from there is yes the ATMs are on. Yes, the lower denominations are out. Yes, they have an in-country rate which is a good rate...What we are looking for is for Iraq to put out this international rate. We know it has an in-country rate and we know what it is and it should be on CBI and the same as the international rate. Probably be the same rate as the front screen rate on our bank screen. The question is when it is going to be revealed...Our understanding was today we are looking now and still looking for this and maybe it is happening in a little while, but as of 2:30 pm this afternoon [Tuesday] our Treasury had not released Iraq to put out their rate. ...one of our contacts with HSBC London was...talking about the fact we are in a very good 24 hour window. I hope that is exactly where we are and we are right there. That was as of 1:00 pm this afternoon [Tuesday].
5-23-2018 Guest Guru BobTheTaxMan Question: Are you sure about capital gains verses ordinary income? Somewhere out in the dinar world there is a guy saying, “Look guys it’s going to be attributed to 988,” and it’s not ok. I keep telling everybody that 988 was created as a of handling incidental stuff. It does not apply to those of us who have bought dinar as an investment. It’s still not going to apply. If it was under 988 it would be considered capital gains but it is not. The other thing too that you have to realize…your loss that you may incur if you were to sell your dinar at a loss is not tax deductible. Something else you need to be aware of.
[NOTE: This is not to be considered tax advice in anyway…at the appropriate time you should speak to your own tax and financial professional.]
5-23-2018 Newshound Guru MilitiaMan Article: "Abadi: We call for a transitional government without preconditions" I sense urgency in the air. We recently heard the call for an acceleration in getting a government settled accordingly. Now the symbionic relationship between Abadi and Sadr, obviously isn't anything at all new...imo...They are way to aligned in just about everything and I posted photos of the two back in 2015, hand in hand smiling...Now with that said the two are clearly in alignment with wanting all Iraqis to be equal with no sectarianism period Amen! They want technocrats in position as a key point. Well, another nothing new, as Abadi has been doing exactly over the last couple years, therefore the above suggesting getting the government settled in record time is probably effectively been done for some time now.. imo. Let's not forget Frank / WS [Gurus Frank26 & Walkingstick] reminded us that Abadi did his Gov in thirty days beating Maliki"s 209. It has been 10 days since election... hmmm.
5-23-2018 Newshound Guru chattels 165 seats are necessary. Sadr’s Sairoon (54 seats), PM Abadi’s Nasr (42 seats), Hakim’s Hikma (19 seats), VP Allawi’s Wataniya (21 seats) and the KDP (25 seats) and Qarar (13 seats) makes a total of 173 if my math is correct. Can I get a "Bingo!"? With the Kurds as part of the government we have the best chance to avoid quotas and establish an efficient majority government for legislation without consensus, IMO. Godspeed the completion of the Iraqi Banking Sector Reform Project!
5-23-2018 Newshound/Intel Guru Mnt Goat Article: "MOQTADA AL-SADR, AGREED TO GIVE PRIME MINISTER HAIDER ABADI A SECOND TERM, DURING THE MEETING THEY HAD JUST GATHERED IN BAGHDAD" Okay so now we know Al-Abadi is going to be the next prime minister. We also gain some more insight at to the two conditions that al-Sadr is requiring of him. 1) fight corruption all the way to the top levels of govt 2) publish the list of names of those corrupt political officials.You can bet that on his mind is going after this Nori al-Maliki.
5-23-2018 Intel Guru Bruce What we are hearing from there is yes the ATMs are on. Yes, the lower denominations are out. Yes, they have an in-country rate which is a good rate...What we are looking for is for Iraq to put out this international rate. We know it has an in-country rate and we know what it is and it should be on CBI and the same as the international rate. Probably be the same rate as the front screen rate on our bank screen. The question is when it is going to be revealed...Our understanding was today we are looking now and still looking for this and maybe it is happening in a little while, but as of 2:30 pm this afternoon [Tuesday] our Treasury had not released Iraq to put out their rate. ...one of our contacts with HSBC London was...talking about the fact we are in a very good 24 hour window. I hope that is exactly where we are and we are right there. That was as of 1:00 pm this afternoon [Tuesday].
5-22-2018 Intel Guru Frank26 ...Iraq will soon form a basket in the Middle East of currencies to include the Iranian Rial, USD, Saudi Arabia, Kuwait with IQD... ...SADR WANTS REINSTATEMENT DONE IMMEDIATELY.
5-22-2018 Newshound Guru Kaperoni I stated last week that current PM al-Abadi does not want to be PM again. Today, some news surfaced that seems to support that. There may very well be a new PM chosen.
5-22-2018 Newshound/Intel Guru Mnt Goat
4. Why wait? The CBI must give the economy time to adjust. They will also need to slowly roll out the lower category notes as the rate rises from the initial anchor rate.
5. I am hearing now that the target for forming the new govt is early to mid- June which also coincides with the mid-June ending of the MCP. It also is in-line with the June 1st date for the session of the new parliament.
6. So do you want a new window of opportunity? I only bring you one today based on what I just talked about. ...I am not going to give you any “opinion”. The timeframe that I can see developing is somewhere around the last two weeks of June 2018. [post 3 of 3]
5-22-2018 Newshound/Intel Guru Mnt Goat ...In pegging it to the SDR basket they must come up with an initial “anchor rate” equivalent and in-line with the basket of 5 currencies in it. This anchor rate in not technically an RV or RI but for our purposes it surely could be a substantial increase in value we all want. I do not believe, as [Guru] Kaperoni has stated ...that the “anchor rate” will be the 1184 program rate and they will let it float from that rate. Instead I believe this “anchor rate” could be equivalent to somewhere around a 1:1, 1 dinar : 1 US dollar. By the time we see it on FOREX it may already be well up to the $3.00 - $4.00 range we all want. Like I said in prior news, that this measure will be a counter inflationary measure holding if off FOREX for a few days to maybe a few weeks. [post 2 of 3....stay tuned]
5-22-2018 Newshound/Intel Guru Mnt Goat So what next: Iraq is:
1. Much more STABLE politically just having the announcement on Sunday that Al-Abadi will continue on with a second term;
2. That the new government about to be formed will have the full support of the anti-corruption “Sadr Movement” behind it to support what Abadi knows he must do – expose these 1,000 political figures involved in this corruption (or as the CBI has told us they are involved in the FRAUD and MANIPULATION of the currency.
3. Once the MCP monitoring is completed (in the absence of no more violations) this could happen on approx June 15th as Kap [Guru Kaperoni] noted. The CBI is expected to get permission to move ahead with the currency, put it on a float off the fixed rate de facto peg to the US Dollar. They will then re-peg it to the SDR basket of currencies. Here is the juicy part... [post 1 of 3....stay tuned]
5-22-2018 Newshound Guru chattels Maliki individually received the highest number of votes in the election. [what does that mean for the elections though, will he have any power/say in anything?] Power follows the political bloc and not the individual. No need to be worried. Negotiations continue between the blocs. We are still awaiting a final certification of the election results. The final results must be ratified by the court.
5-22-2018 Intel Guru Frank26 The National Bank of Iraq was told while the elections were going on, that they need to update their software on their ATM machines. Then told them we are going to give you 24 hour notice when to activate the ATM machines. CBI has given every bank notification to have ATM's ready. The 24 hour period will include: billboards lit up; Presentation boards inside financial institutions...and both in Article form for citizens read.
5-22-2018 Newshound Guru MilitiaMan Article: "POSSIBILITY OF SPREADING BANKING CULTER" So the ability to show the citizens that the banking system has a new face on it has been in the forefront of objectives for the monetary policy to be absorbed into the culture in regards to trust, as it has not been about that for the past 30 years. They now have made progress in public awareness to instill in them that the Banking system, is not your enemy if you will. They go so far as to suggest they are creating an environment in which the customer is now right, whereas, in the past, it was not that way, thus, savings was not with the banks. This is a call for to tell citizens that the electronic system is in place, activation of payment tools are available and for exchanging there "NEW" currency through them, imo. That is a final step in the MR based off the Turkmenistan Model... They have overcome the illegal behaviors of the past. A secure environment is now... imo.
5-22-2018 Newshound Guru chattels Article quote: "The final results of the legislative elections announced by the Electoral Commission for elections showed the victory of 84 candidates for membership of the new House of Representatives." I read the foregoing to mean that there are 84 " new faces " in the Parliament. More than 1/3 of the total 329. 54 of which must be "Sadrist" since he insisted that all candidates be newcomers and his bloc won 54 seats. Parliamentary attendance should improve I expect.
5-22-2018 Newshound Guru Kaperoni I stated last week that current PM al-Abadi does not want to be PM again. Today, some news surfaced that seems to support that. There may very well be a new PM chosen.
5-22-2018 Newshound/Intel Guru Mnt Goat
4. Why wait? The CBI must give the economy time to adjust. They will also need to slowly roll out the lower category notes as the rate rises from the initial anchor rate.
5. I am hearing now that the target for forming the new govt is early to mid- June which also coincides with the mid-June ending of the MCP. It also is in-line with the June 1st date for the session of the new parliament.
6. So do you want a new window of opportunity? I only bring you one today based on what I just talked about. ...I am not going to give you any “opinion”. The timeframe that I can see developing is somewhere around the last two weeks of June 2018. [post 3 of 3]
5-22-2018 Newshound/Intel Guru Mnt Goat ...In pegging it to the SDR basket they must come up with an initial “anchor rate” equivalent and in-line with the basket of 5 currencies in it. This anchor rate in not technically an RV or RI but for our purposes it surely could be a substantial increase in value we all want. I do not believe, as [Guru] Kaperoni has stated ...that the “anchor rate” will be the 1184 program rate and they will let it float from that rate. Instead I believe this “anchor rate” could be equivalent to somewhere around a 1:1, 1 dinar : 1 US dollar. By the time we see it on FOREX it may already be well up to the $3.00 - $4.00 range we all want. Like I said in prior news, that this measure will be a counter inflationary measure holding if off FOREX for a few days to maybe a few weeks. [post 2 of 3....stay tuned]
5-22-2018 Newshound/Intel Guru Mnt Goat So what next: Iraq is:
1. Much more STABLE politically just having the announcement on Sunday that Al-Abadi will continue on with a second term;
2. That the new government about to be formed will have the full support of the anti-corruption “Sadr Movement” behind it to support what Abadi knows he must do – expose these 1,000 political figures involved in this corruption (or as the CBI has told us they are involved in the FRAUD and MANIPULATION of the currency.
3. Once the MCP monitoring is completed (in the absence of no more violations) this could happen on approx June 15th as Kap [Guru Kaperoni] noted. The CBI is expected to get permission to move ahead with the currency, put it on a float off the fixed rate de facto peg to the US Dollar. They will then re-peg it to the SDR basket of currencies. Here is the juicy part... [post 1 of 3....stay tuned]
5-22-2018 Newshound Guru chattels Maliki individually received the highest number of votes in the election. [what does that mean for the elections though, will he have any power/say in anything?] Power follows the political bloc and not the individual. No need to be worried. Negotiations continue between the blocs. We are still awaiting a final certification of the election results. The final results must be ratified by the court.
5-22-2018 Intel Guru Frank26 The National Bank of Iraq was told while the elections were going on, that they need to update their software on their ATM machines. Then told them we are going to give you 24 hour notice when to activate the ATM machines. CBI has given every bank notification to have ATM's ready. The 24 hour period will include: billboards lit up; Presentation boards inside financial institutions...and both in Article form for citizens read.
5-22-2018 Newshound Guru MilitiaMan Article: "POSSIBILITY OF SPREADING BANKING CULTER" So the ability to show the citizens that the banking system has a new face on it has been in the forefront of objectives for the monetary policy to be absorbed into the culture in regards to trust, as it has not been about that for the past 30 years. They now have made progress in public awareness to instill in them that the Banking system, is not your enemy if you will. They go so far as to suggest they are creating an environment in which the customer is now right, whereas, in the past, it was not that way, thus, savings was not with the banks. This is a call for to tell citizens that the electronic system is in place, activation of payment tools are available and for exchanging there "NEW" currency through them, imo. That is a final step in the MR based off the Turkmenistan Model... They have overcome the illegal behaviors of the past. A secure environment is now... imo.
5-22-2018 Newshound Guru chattels Article quote: "The final results of the legislative elections announced by the Electoral Commission for elections showed the victory of 84 candidates for membership of the new House of Representatives." I read the foregoing to mean that there are 84 " new faces " in the Parliament. More than 1/3 of the total 329. 54 of which must be "Sadrist" since he insisted that all candidates be newcomers and his bloc won 54 seats. Parliamentary attendance should improve I expect.
5-21-2018 Newshound Guru Kaperoni [correction] ...the 3 month IMF requirement...I want to correct how much time is left. Our countdown indicates 24 days. June/July going to be interesting months. [reference Guru Kaperoni post 5-21-18]
5-21-2018 Intel Guru Frank26 [via MilitiaMan] Frank26 Quotes: "...THE 3, THE BILLBOARDS, THE BOARDS IN THE BANK AND THE 2ND FINAL ARTICLE…WHAT WE HAVE GIVEN YOU IS THE ULTIMATE..." "...YOU NOW HAVE 3 THINGS THAT YOU KNOW, IMO, THAT WILL SOON BE COMING OUT…IT WILL BE IMO, WITHIN HOURS, TO DAYS THAT THE RI WILL BE OUT...I TOLD YOU TO WAIT FOR THESE BILLBOARDS….I TOLD YOU I WILL SEE YOU ON THE OTHER SIDE" "IMO, THSE 3 THINGS ARE READY!! THEY HAVE BEEN!! THEY ARE BEING PROTECTED TO BE LAUCNCHED WHEN CONDITIONS ARE SUITABLE THESE BILLBOARDS CAN BE PROGRAMMED AT ANY MOMENT, AT ANY TIME WHEN THE CONDITIONS ARE SUITABLE..."
5-21-2018 Newshound/Intel Guru Mnt Goat I told everyone that if I make a mistake I will be the first to admit it openly and freely. So now I am stating that I may have made a mistake on the ending date of the MCP (90 day) audit monitoring by the IMF. What I have learned is that the MCP monitoring did occur but it is not ending until June not the end of March. So the start date I heard was off mid-March which was actually the start date. The date was technically not moved but the process was “restarted” again due to violations. The previous time period the IMF did begin monitoring process however they encountered a violation and has to start the clock all over again. That clock started in mid March. It was not easy to get real-time information on this topic and it was confusing at first. It was finally sorted out. I know this sounds phony and fake news but I assure you this is occurring and is confirmed.
5-21-2018 Newshound/Intel Guru Mnt Goat Just in on Sunday morning - MOQTADA AL-SADR, AGREED TO GIVE PRIME MINISTER HAIDER ABADI A SECOND TERM, DURING THE MEETING THEY HAD JUST GATHERED IN BAGHDAD. ...Folks this is really happening. The unexpected miracle already did happen with the Sadar Movement (the underdogs) having won the popular vote...So for our investment these recent events are all very good and the news could not possibly get any better than if they did announce the RV. But they didn’t however we know it is coming shortly and sooner than you might think... [post 2 of 2]
5-21-2018 Newshound/Intel Guru Mnt Goat The Independent High Electoral Commission announced Saturday the results of the final elections of parliament. We know that Nori al-Malaki is contesting the voting process and demands a recount. The electoral commission has said there is no reason for it and the judiciary has ruled also in favor of the same. So, I do not believe there will be a recount. Remember: 1. the judiciary still has to ratify these results from the electoral commission and so this is part of the 90 day timeline too. 2. The new Parliament members must also be sworn in on the first session of the new Parliament expected to take place on June 1st. So the Sadr Movement had to submit its candidate to lead the country as prime minister shortly afterwards. 3. Parliament must ratify this candidate (give its approval) then the prime minister will have 30 days to put the new government together once this clock starts to tick. Got a total of 90 days to complete this entire process. [post 1 of 2....stay tuned]
5-21-2018 Newshound Guru Kaperoni The truth is MCP has nothing to do with dual currencies, or using one currency over another, it has to do with a spread that exists of more than 2% between the Official Rate and Market Rate. In the case of Iraq, they are currently meeting that requirement hoping to fulfill the 3 month condition. About 28 days to go. The fact is, Iraq will always have more than one currency in the country. They will have dinar as the official currency of Iraq and dollars as a currency that comes in from oil sales.
5-21-2018 Newshound Guru MilitiaMan ...we had articles out on 05/09/2018 saying they were having to put off travelers for the Hajj, as the banks in the Iranian region had no currency infrastructure to accommodate the people, yet, today we learn they will be using IQD by this coming Tuesday in that region...Now, if one thinks about it there has been ample time to gear for this to be initiated. The very last of the process may take hours to a few days, but, it is now presently after elections, thus, the process is said to be un-abating, therefore logic suggests the timing is very powerful going forward now.. imo. [post 2 of 2]
5-21-2018 Newshound Guru MilitiaMan Article: "IRANIAN CONSULATES IN IRAQ REPLACE THE DOLLAR WITH DINAR IN ITS DEALING" There is effectively one thing we wait for and that is the RI to complete the process that is underway, imo. That process as of today is proceeding just fine, as we see the very recent call for ceasing of the Multi Currency Practices (MCPs) which is an IMF mandate, whereby now, Iran has given the order to her embassies to cease using the Dollar and use Dinar only. It apparently stems from the USA sanctions imposed on 05/08/2018 in this instance anyway. imo [post 1 of 2....stay tuned]
5-21-2018 Intel Guru Frank26 [via MilitiaMan] Frank26 Quotes: "...THE 3, THE BILLBOARDS, THE BOARDS IN THE BANK AND THE 2ND FINAL ARTICLE…WHAT WE HAVE GIVEN YOU IS THE ULTIMATE..." "...YOU NOW HAVE 3 THINGS THAT YOU KNOW, IMO, THAT WILL SOON BE COMING OUT…IT WILL BE IMO, WITHIN HOURS, TO DAYS THAT THE RI WILL BE OUT...I TOLD YOU TO WAIT FOR THESE BILLBOARDS….I TOLD YOU I WILL SEE YOU ON THE OTHER SIDE" "IMO, THSE 3 THINGS ARE READY!! THEY HAVE BEEN!! THEY ARE BEING PROTECTED TO BE LAUCNCHED WHEN CONDITIONS ARE SUITABLE THESE BILLBOARDS CAN BE PROGRAMMED AT ANY MOMENT, AT ANY TIME WHEN THE CONDITIONS ARE SUITABLE..."
5-21-2018 Newshound/Intel Guru Mnt Goat I told everyone that if I make a mistake I will be the first to admit it openly and freely. So now I am stating that I may have made a mistake on the ending date of the MCP (90 day) audit monitoring by the IMF. What I have learned is that the MCP monitoring did occur but it is not ending until June not the end of March. So the start date I heard was off mid-March which was actually the start date. The date was technically not moved but the process was “restarted” again due to violations. The previous time period the IMF did begin monitoring process however they encountered a violation and has to start the clock all over again. That clock started in mid March. It was not easy to get real-time information on this topic and it was confusing at first. It was finally sorted out. I know this sounds phony and fake news but I assure you this is occurring and is confirmed.
5-21-2018 Newshound/Intel Guru Mnt Goat Just in on Sunday morning - MOQTADA AL-SADR, AGREED TO GIVE PRIME MINISTER HAIDER ABADI A SECOND TERM, DURING THE MEETING THEY HAD JUST GATHERED IN BAGHDAD. ...Folks this is really happening. The unexpected miracle already did happen with the Sadar Movement (the underdogs) having won the popular vote...So for our investment these recent events are all very good and the news could not possibly get any better than if they did announce the RV. But they didn’t however we know it is coming shortly and sooner than you might think... [post 2 of 2]
5-21-2018 Newshound/Intel Guru Mnt Goat The Independent High Electoral Commission announced Saturday the results of the final elections of parliament. We know that Nori al-Malaki is contesting the voting process and demands a recount. The electoral commission has said there is no reason for it and the judiciary has ruled also in favor of the same. So, I do not believe there will be a recount. Remember: 1. the judiciary still has to ratify these results from the electoral commission and so this is part of the 90 day timeline too. 2. The new Parliament members must also be sworn in on the first session of the new Parliament expected to take place on June 1st. So the Sadr Movement had to submit its candidate to lead the country as prime minister shortly afterwards. 3. Parliament must ratify this candidate (give its approval) then the prime minister will have 30 days to put the new government together once this clock starts to tick. Got a total of 90 days to complete this entire process. [post 1 of 2....stay tuned]
5-21-2018 Newshound Guru Kaperoni The truth is MCP has nothing to do with dual currencies, or using one currency over another, it has to do with a spread that exists of more than 2% between the Official Rate and Market Rate. In the case of Iraq, they are currently meeting that requirement hoping to fulfill the 3 month condition. About 28 days to go. The fact is, Iraq will always have more than one currency in the country. They will have dinar as the official currency of Iraq and dollars as a currency that comes in from oil sales.
5-21-2018 Newshound Guru MilitiaMan ...we had articles out on 05/09/2018 saying they were having to put off travelers for the Hajj, as the banks in the Iranian region had no currency infrastructure to accommodate the people, yet, today we learn they will be using IQD by this coming Tuesday in that region...Now, if one thinks about it there has been ample time to gear for this to be initiated. The very last of the process may take hours to a few days, but, it is now presently after elections, thus, the process is said to be un-abating, therefore logic suggests the timing is very powerful going forward now.. imo. [post 2 of 2]
5-21-2018 Newshound Guru MilitiaMan Article: "IRANIAN CONSULATES IN IRAQ REPLACE THE DOLLAR WITH DINAR IN ITS DEALING" There is effectively one thing we wait for and that is the RI to complete the process that is underway, imo. That process as of today is proceeding just fine, as we see the very recent call for ceasing of the Multi Currency Practices (MCPs) which is an IMF mandate, whereby now, Iran has given the order to her embassies to cease using the Dollar and use Dinar only. It apparently stems from the USA sanctions imposed on 05/08/2018 in this instance anyway. imo [post 1 of 2....stay tuned]
5-20-2018 *** Dinar Guru News Election Update *** The election votes are "officially" in. 1st place- Al-Sadr's Block won 54 seats. 2nd place - Hadi al-Amiri's Block (widely considered the Iran block) won 47 seats. 3rd place - PM Abadi's Block won 42 seats. It was a close race with no majority, so a consensus must be made to decide the next Prime Minister. Quote "Al-Sadr himself cannot become prime minister as he did not run in the election.." As several gurus have stated, negotiations between the blocks is underway to compromise on the next Prime Minister. Former PM Maliki's group came in a distant 4th place with twenty something seats. The latest guru updates will continue below...
5-20-2018 Newshound/Intel Guru BGG Folks are constantly wanting a “run down” on where we’re at in this investment…Unfortunately, this is a tough call. ...For instance, until late last night, we were still waiting for the real results to be published by the IHEC. Up until then, everything was speculation. Will Sadr have a much bigger hand in the next GOI? Highly likely. Is he the overall winner? Now we know for sure… but he still needs help. He needs a legitimate coalition. Will Abadi be in the next GOI? Also highly likely. Will he remain as the next PM? Maybe, maybe not. You get what I’m saying. Let this thing play out a little bit... My bet? We have a couple of twists and turns coming real soon. So relax… and even if Abadi isn’t the next PM – RELAX. He may not be the best thing for Iraq’s future. Since you are betting on Iraq and their economy, you want the best for them. As do I.
5-20-2018 Intel Guru Dr. Clarke Followed Up immediately, maybe Sunday the 27th or so, with an OFFICIAL & PUBLIC Substantial Increase in the Dinar, IN THE MONTH OF MAY. Not JUNE, or ANY MONTH THEREAFTER. In, “MAY 2018”. The ONLY thing we’ve ever said about JUNE, is that we are Planning & Choosing to EXCHANGE in the Month of JUNE - Earlier than Later. To make it SIMPLE, this is how we “SEE” it: The NEW, substantially increased Rate (Re-Valued), is Printed PUBLICLY, by the CBI: “MAY 2018” (Latter Days 25-31st) We Plan & Choose, to Exchange in JUNE - Earlier than Later. (Actually, we really really like the 27th & 28th for some reason...and even the 24th possibility, because the 24th, we expect something Very Important to come out.) “IN ANY EVENT - MAY 2018” P.S. HOUSTON, this is NOT a Drill! “THERE ARE NO GUARANTEES IN LIFE. NONE.” We’re EXCITED NOW... [post 3 of 3]
5-20-2018 Intel Guru Dr. Clarke ...You & EVERYONE on the Internet, only “SEE”, what’s printed in the articles coming out, AND thus make all these determinations, based on “VERY LIMITED VISION”. WE’VE BEEN SAYING, “MAY 2018”, since back in our April 4, 2018 POST - FOR A GOOD GOOD REASON! Then, we narrowed it down Even Further, just 4 Days ago in our 5-16-18 POST, by pointing out the Dates of “MAY 25 - 31st, 2018”. TODAY, without going into Detail, we can say this: “If you don’t already have all your Paperwork READY, you better get on it...NOW...We mean get on it, TODAY!” RAMADAN, Tis the Season! We fully expect, just ANY DAY NOW, some very Misleading, Diversionary, “FALSE FLAG “ information to come out in Iraq, in Opposition to an RV...probably between TODAY, and MAY 26th (This Saturday)..."Blow it Off". [post 2 of 3....stay tuned]
5-20-2018 Intel Guru Dr. Clarke This partnership was PLANNED, months ago...
...for Abadi to NOT push an RV BEFORE the Election - But AFTER.
...for Abadi to NOT campaign vigorously, for Re-election.
...for Sadr to “Make it Look Like” a “FORCED RV”, from “God”, for the CBI to move, AFTER the election, once Sadr Publicly picked his PM (Abadi).
* IMPORTANT - (The WORLD will Like & Approve of this, NOW, in this Way.”...especially the RV. [post 1 of 3....stay tuned]
5-20-2018 Intel Guru Frank26 Article: “Abadi meets Sadr in Baghdad .. and confirm the speed in forming the government” YUUUUUUUUUUUUUUP ... (big Grin)... NO WORRIES ABOUT MOSUL ... NO WORRIES ABOUT CH 7 ... NO WORRIES ABOUT THE KURDS ... AND NO WORRIES ABOUT THE ELECTIONS ...
5-20-2018 Newshound Guru Kaperoni There is an interesting article out today that Abadi does not want to be PM for a second term. Some think it's bogus or it could be he does not want to be the one chasing the corrupt. We shall see. There is also an interesting article about the UN and Iraq. It implies that if the US does not get the government it seeks in Iraq it could ask the UNSC to put Iraq back under UN Chapter 7.
5-20-2018 Newshound/Intel Guru BGG Article: "Source reveals the meeting of Abadi and Sadr .. conditional Second Term!" real question is… will Abadi agree? Can he? We’re about to see what’s what…
5-20-2018 Intel Guru Frank26 [via sunny] ...Maliki’s party is contesting the election. A lot of jockeying for power right now in Iraq...Yes, we have a "hiccup" but this will be settled...Last time of the elections, this same thing occurred but the USA told Maliki to stand down. ...Sadr, as far as I’m concerned won. He wants an "all inclusive government" and that's called a democracy. Maliki wants a dictatorship. And that’s not going to happen on Abadi’s watch, Sadr’s watch, Donald Trump’s watch! No! Maliki is dealing with President Donald Trump... Trump will not allow money and oil to be stolen again. The election is on one road and the RI is on another. Iran's banks were just sanctioned and Iraq’s banks would not allow them to participate in their auctions. Corruption needs to be removed to bring you the “suitable conditions” for the RI of the Iraqi dinar...
5-20-2018 Newshound Guru Kaperoni People won't seem to let go of some random act (RV, RI)... I assure you nothing is random in monetary policy. If the dinar is ever going to rise in value, it will be as a result of inflationary pressure created through the CBI's Capital Account. That pressure is created by investors bringing money to Iraq to invest in the economy and rebuild Iraq. These go hand in hand. So what we need is a solid banking system (which they have been working on - which includes Article VIII), a solid government, and laws to support investors (many are passed). If they do these things, investors will come to Iraq.
5-20-2018 Intel Guru Dr. Clarke Followed Up immediately, maybe Sunday the 27th or so, with an OFFICIAL & PUBLIC Substantial Increase in the Dinar, IN THE MONTH OF MAY. Not JUNE, or ANY MONTH THEREAFTER. In, “MAY 2018”. The ONLY thing we’ve ever said about JUNE, is that we are Planning & Choosing to EXCHANGE in the Month of JUNE - Earlier than Later. To make it SIMPLE, this is how we “SEE” it: The NEW, substantially increased Rate (Re-Valued), is Printed PUBLICLY, by the CBI: “MAY 2018” (Latter Days 25-31st) We Plan & Choose, to Exchange in JUNE - Earlier than Later. (Actually, we really really like the 27th & 28th for some reason...and even the 24th possibility, because the 24th, we expect something Very Important to come out.) “IN ANY EVENT - MAY 2018” P.S. HOUSTON, this is NOT a Drill! “THERE ARE NO GUARANTEES IN LIFE. NONE.” We’re EXCITED NOW... [post 3 of 3]
5-20-2018 Intel Guru Dr. Clarke ...You & EVERYONE on the Internet, only “SEE”, what’s printed in the articles coming out, AND thus make all these determinations, based on “VERY LIMITED VISION”. WE’VE BEEN SAYING, “MAY 2018”, since back in our April 4, 2018 POST - FOR A GOOD GOOD REASON! Then, we narrowed it down Even Further, just 4 Days ago in our 5-16-18 POST, by pointing out the Dates of “MAY 25 - 31st, 2018”. TODAY, without going into Detail, we can say this: “If you don’t already have all your Paperwork READY, you better get on it...NOW...We mean get on it, TODAY!” RAMADAN, Tis the Season! We fully expect, just ANY DAY NOW, some very Misleading, Diversionary, “FALSE FLAG “ information to come out in Iraq, in Opposition to an RV...probably between TODAY, and MAY 26th (This Saturday)..."Blow it Off". [post 2 of 3....stay tuned]
5-20-2018 Intel Guru Dr. Clarke This partnership was PLANNED, months ago...
...for Abadi to NOT push an RV BEFORE the Election - But AFTER.
...for Abadi to NOT campaign vigorously, for Re-election.
...for Sadr to “Make it Look Like” a “FORCED RV”, from “God”, for the CBI to move, AFTER the election, once Sadr Publicly picked his PM (Abadi).
* IMPORTANT - (The WORLD will Like & Approve of this, NOW, in this Way.”...especially the RV. [post 1 of 3....stay tuned]
5-20-2018 Intel Guru Frank26 Article: “Abadi meets Sadr in Baghdad .. and confirm the speed in forming the government” YUUUUUUUUUUUUUUP ... (big Grin)... NO WORRIES ABOUT MOSUL ... NO WORRIES ABOUT CH 7 ... NO WORRIES ABOUT THE KURDS ... AND NO WORRIES ABOUT THE ELECTIONS ...
5-20-2018 Newshound Guru Kaperoni There is an interesting article out today that Abadi does not want to be PM for a second term. Some think it's bogus or it could be he does not want to be the one chasing the corrupt. We shall see. There is also an interesting article about the UN and Iraq. It implies that if the US does not get the government it seeks in Iraq it could ask the UNSC to put Iraq back under UN Chapter 7.
5-20-2018 Newshound/Intel Guru BGG Article: "Source reveals the meeting of Abadi and Sadr .. conditional Second Term!" real question is… will Abadi agree? Can he? We’re about to see what’s what…
5-20-2018 Intel Guru Frank26 [via sunny] ...Maliki’s party is contesting the election. A lot of jockeying for power right now in Iraq...Yes, we have a "hiccup" but this will be settled...Last time of the elections, this same thing occurred but the USA told Maliki to stand down. ...Sadr, as far as I’m concerned won. He wants an "all inclusive government" and that's called a democracy. Maliki wants a dictatorship. And that’s not going to happen on Abadi’s watch, Sadr’s watch, Donald Trump’s watch! No! Maliki is dealing with President Donald Trump... Trump will not allow money and oil to be stolen again. The election is on one road and the RI is on another. Iran's banks were just sanctioned and Iraq’s banks would not allow them to participate in their auctions. Corruption needs to be removed to bring you the “suitable conditions” for the RI of the Iraqi dinar...
5-20-2018 Newshound Guru Kaperoni People won't seem to let go of some random act (RV, RI)... I assure you nothing is random in monetary policy. If the dinar is ever going to rise in value, it will be as a result of inflationary pressure created through the CBI's Capital Account. That pressure is created by investors bringing money to Iraq to invest in the economy and rebuild Iraq. These go hand in hand. So what we need is a solid banking system (which they have been working on - which includes Article VIII), a solid government, and laws to support investors (many are passed). If they do these things, investors will come to Iraq.
5-19-2018 Newshound Guru MilitiaMan Article: “The Parliament directs the Commission to take the necessary measures to provide confidence in the elections” The cat is coming out of the bag... Evidence is suggesting the elections are rigged.. No longer doubt but facts. Will the evidence be set aside...? With Al Sadr meeting with the five, I'll bet as we are taught the results will be "" more of a move along nothing left to see here... lol Plus the USA ordering Solameini "" to get out of Iraq finds us with the hicupps subsiding as he crosses back over the border..? it is also obvious the investors are ready to roll when it comes to re construction.. the timeing of it all coming together is fascinating! Even the video WS [Guru Walkingstick] posted has presentation boards in the back drop and advertising those involved!! There was one that stands out to me and if we recall EO 13303, one will know a major player in this project to iraqs MR.. imo.
5-19-2018 Newshound Guru Stryker Iraq election: Al-Abadi will have to negotiate his future...The vote dealt a blow to Prime Minister Haider al-Abadi, whose Nasr alliance is trailing in third place. But with no group winning a majority, he could still be a major player.
5-19-2018 Intel Guru Dr. Clarke [...If you could, would you update us of your thoughts as to the timing of our exchanges (e.g. don't be the 1st mouse, wait a few weeks vs. get in, get out & get on with your life) & any other helpful info? ...] We Choose & Plan, to BEGIN EXCHANGING in JUNE - Earlier, rather than Later. For US, this will work out Best. On our end, NOTHING will be finally decided, until the Substantially Increased Rate Values, are OFFICIALLY PUBLIC. There's MORE IMPORTANT DETAILED information coming, that cannot be known, UNTIL THAT MOMENT, in order to make Final Decisions. In our Personal Experience over the years, in these types of "Big PLANNED Monetary Events"...we choose to NEVER EVER follow the masses...especially in 2018. We Believe, we'll have Plenty of Options, and Plenty of Time, to make those decisions accordingly...with NO WORRIES...
5-19-2018 Intel Guru RayRen98 Reuters: Cleric Moqtada al-Sadr's bloc wins Iraq election (5/18/18). He will not be the PM. Iraqis voted on 12 May to choose their parliamentary representatives. Newly elected lawmakers will nominate a prime minister-designate who will begin the task of forming a government...
5-19-2018 Newshound/Intel Guru Mnt Goat That is the million dollar question... ...Al-Abadi can be nominated and probably will be the nominee submitted to parliament by the “Sadr Movement”. However, having said this, it is very premature...There is no proof of this. All the news states Al-Sadr has to still decide however he is open to it. This is what he really said. Let’s just watch it all play out and see if there are any surprises... [post 2 of 2]
5-19-2018 Newshound/Intel Guru Mnt Goat ...So we all know that Al-Abadi did lose the popular votes, thus he did lose the election, however...Could Al-Abadi be the next PM even though he lost the popular election? ...even though a candidate runs for office and does not win the overall popular vote, he/she can still possibly be nominated as the candidate for the office and, if ratified by parliament, take the duty of forming the next government of Iraq, thus the prime minister position. ...So, in this election process of 2018, we see that Al-Sadr does not want to be prime minister since he is a cleric but wanted to be able to select someone who will fulfill the “Sadr Movement’s” party policies. So, who will he select? [post 1 of 2....stay tuned]
5-19-2018 Newshound Guru Walkingstick Cleric Moqtada al-Sadr's bloc wins Iraq election.
5-19-2018 Newshound Guru Stryker Iraq election: Al-Abadi will have to negotiate his future...The vote dealt a blow to Prime Minister Haider al-Abadi, whose Nasr alliance is trailing in third place. But with no group winning a majority, he could still be a major player.
5-19-2018 Intel Guru Dr. Clarke [...If you could, would you update us of your thoughts as to the timing of our exchanges (e.g. don't be the 1st mouse, wait a few weeks vs. get in, get out & get on with your life) & any other helpful info? ...] We Choose & Plan, to BEGIN EXCHANGING in JUNE - Earlier, rather than Later. For US, this will work out Best. On our end, NOTHING will be finally decided, until the Substantially Increased Rate Values, are OFFICIALLY PUBLIC. There's MORE IMPORTANT DETAILED information coming, that cannot be known, UNTIL THAT MOMENT, in order to make Final Decisions. In our Personal Experience over the years, in these types of "Big PLANNED Monetary Events"...we choose to NEVER EVER follow the masses...especially in 2018. We Believe, we'll have Plenty of Options, and Plenty of Time, to make those decisions accordingly...with NO WORRIES...
5-19-2018 Intel Guru RayRen98 Reuters: Cleric Moqtada al-Sadr's bloc wins Iraq election (5/18/18). He will not be the PM. Iraqis voted on 12 May to choose their parliamentary representatives. Newly elected lawmakers will nominate a prime minister-designate who will begin the task of forming a government...
5-19-2018 Newshound/Intel Guru Mnt Goat That is the million dollar question... ...Al-Abadi can be nominated and probably will be the nominee submitted to parliament by the “Sadr Movement”. However, having said this, it is very premature...There is no proof of this. All the news states Al-Sadr has to still decide however he is open to it. This is what he really said. Let’s just watch it all play out and see if there are any surprises... [post 2 of 2]
5-19-2018 Newshound/Intel Guru Mnt Goat ...So we all know that Al-Abadi did lose the popular votes, thus he did lose the election, however...Could Al-Abadi be the next PM even though he lost the popular election? ...even though a candidate runs for office and does not win the overall popular vote, he/she can still possibly be nominated as the candidate for the office and, if ratified by parliament, take the duty of forming the next government of Iraq, thus the prime minister position. ...So, in this election process of 2018, we see that Al-Sadr does not want to be prime minister since he is a cleric but wanted to be able to select someone who will fulfill the “Sadr Movement’s” party policies. So, who will he select? [post 1 of 2....stay tuned]
5-19-2018 Newshound Guru Walkingstick Cleric Moqtada al-Sadr's bloc wins Iraq election.
5-18-2018 Newshound Guru Kaperoni We all would like to see change sooner than later. The fact is Iraq does nothing fast. At best this fall we could see Article VIII, but I do not expect a significant increase in the exchange rate for several months. Investors are not chomping at the bit to come to Iraq, yet... Remember if Iraq were to raise the value of their currency it is not a random act. It is a reaction to inflationary pressure created by large sums of capital flowing through the Capital Account.
5-18-2018 Newshound Guru MilitiaMan Article: "The Central Bank prevents the entry of an Iraqi bank from the auction of currency after a US decision" Quotes: "The Central Bank of Iraq decided to stop the Islamic Bank of Iraq after the decision of the US Treasury Board." "As the country's nominal bank and its chairman [Aaras Habib Abdul Karim] are listed on the [US Assets Control Bureau] list and based on international agreements [OFAC]" Kinda Boxed em in...Wait or should I say out? ...Once on the OFAC list it has lasting repercussions that are not easy to undo. We all know where Iraq was in time past and yes On the OFAC list, to be no longer.. It took time, security and stability to do that...imo. Yes a very good thing and all part of the squeeze play we see now...imo.
5-18-2018 Newshound Guru Aggiedad77 "The Central Bank prevents the entry of an Iraqi bank from the auction of currency after a US decision" Quote: "The Central Bank of Iraq decided to stop the Islamic Bank of Iraq after the decision of the US Treasury Board." Great strength in cooperation here...at least a cooperative effort from the looks of things...and it shows how the CBI is not taking kindly to how some of these banks are funding questionable operations...under the watchful eye of the UST...good work...IMO.
5-18-2018 Newshound Guru Mnt Goat Article: "IS IRAN IS LOSING ITS INFLUENCE IN IRAQ AFTER MUQTADA AL-SADR'S ELECTION?" Folks is this not exactly what we have been waiting for. Iran’s shrinking influence in Iraq... ...If you know about Sadr’s influence and what he wants for Iraq I would not hesitate to say the elections when VERY WELL for us. We did not get al-Abadi out of the gates, but I believe he may be the nominee put forwards after all the political juggling is completed this week.
5-18-2018 Intel Guru Bruce We do have the ATM machines turned on. We have the lower denomination in there. We had proof today that the military, Kurdistan and other people in Iraq had been paid throughout the country were getting paid with the new rate. ...We still do not know the new rate. We know where the new rate is...We know it is over $4. ...we know the lower denominations are available and the people are using them, and the prices are changing and things are happening. ...we seem to be on the precipice of something major happening...I know certain banks that are lead banks such as HSBC and Wells Fargo are on high red alert to begin. ...We are in the midst of it going down. ...Our turn is coming, and I would bet our turn is coming very shortly. [post 2 of 2]
5-18-2018 Intel Guru Bruce I want to bring you some information that we call Intel that is very excited. We will start with Iraq. We found on Tuesday ...al-Sadr had sort of a majority coalition with him for the vote that took place on Saturday....Yet we also knew that Abadi still was very interested in continuing as Prime Minster of Iraq, but he needed some support ceded from al-Sadr. The deal was al-Sadr was going to do that if Abadi had the RV rate out so that everybody could see it and it was done. He had basically until today [Thursday] according to their agreement to do that. The good news is he did it. The good news is that they will go about setting up their government over the next couple of weeks...and we got this directly from Fallujah today and it was one of our contacts over there...We understand that it was a done deal and that did occur. Abadi will continue as Prime Minister. [post 1 of 2....stay tuned]
5-18-2018 Intel Guru RayRen98 Election results are expected sometime today [Thursday]. Varying reports of election percentages are being labeled as false. Abadi reportedly is NOT in the lead. Payments to the Kurds are reportedly in significant amounts. The Central bank of Iraq signs a MOU with VISA International. Abadi alliance and Sadr alliance are expected to join together. Parliament is holding a special meeting on Saturday to discuss their disfavor with the election results. Hmmmmmm?
5-18-2018 Newshound Guru Kaperoni The CBI stated a year or so ago, once they start it could take 2 years to delete the zeros. What that means is that the dinar will appreciate gradually (float) as stated in the IMF Article IV Consultation. My view is that once the conditions are met, They accept Article VIII, and move to a float, it could take another 2 years to raise the value of the dinar to a value where the zeros are gone. Not saying it will take that long but it is a directly related to investment. This is why the IMF stated the Balassa-Samuelson effect in the 2012 Article IV. The truth is, if investors are lined up to participate in Iraq, it should happen fairly quickly. But it is up to Iraq to create the right environment for the value to rise. At that point all we can do is hope that investors come to Iraq, begin the substantial rebuilding and investment phase creating inflationary pressure on the CBI to raise the value. [post 2 of 2]
5-18-2018 Newshound Guru Kaperoni [What I would like to know...if they will have to wait for the government to be fully seated, of which they have 90 days following the election to do. If so, the wait continues...] Never said when the 3 month IMF compliance was up the CBI would move to Article VIII directly. There are many reasons to not delay, but the CBI must make that decision. If the CBI feels they should wait for formation of the new GOI, yes we could be waiting a bit. I keep telling people there is no RV, RI or any kind of overnight event. The dinar can only appreciate gradually over time. That means a new GOI, stable government is important. Why?...Because a new GOI and stable government will give confidence to investors to bring money/capital into Iraq. This and only this is what will make the dinar appreciate in value. So if your looking for some event, some overnight wealth, the dinar is not for you. [post 1 of 2....stay tuned]
5-18-2018 Newshound Guru MilitiaMan Article: "The Central Bank prevents the entry of an Iraqi bank from the auction of currency after a US decision" Quotes: "The Central Bank of Iraq decided to stop the Islamic Bank of Iraq after the decision of the US Treasury Board." "As the country's nominal bank and its chairman [Aaras Habib Abdul Karim] are listed on the [US Assets Control Bureau] list and based on international agreements [OFAC]" Kinda Boxed em in...Wait or should I say out? ...Once on the OFAC list it has lasting repercussions that are not easy to undo. We all know where Iraq was in time past and yes On the OFAC list, to be no longer.. It took time, security and stability to do that...imo. Yes a very good thing and all part of the squeeze play we see now...imo.
5-18-2018 Newshound Guru Aggiedad77 "The Central Bank prevents the entry of an Iraqi bank from the auction of currency after a US decision" Quote: "The Central Bank of Iraq decided to stop the Islamic Bank of Iraq after the decision of the US Treasury Board." Great strength in cooperation here...at least a cooperative effort from the looks of things...and it shows how the CBI is not taking kindly to how some of these banks are funding questionable operations...under the watchful eye of the UST...good work...IMO.
5-18-2018 Newshound Guru Mnt Goat Article: "IS IRAN IS LOSING ITS INFLUENCE IN IRAQ AFTER MUQTADA AL-SADR'S ELECTION?" Folks is this not exactly what we have been waiting for. Iran’s shrinking influence in Iraq... ...If you know about Sadr’s influence and what he wants for Iraq I would not hesitate to say the elections when VERY WELL for us. We did not get al-Abadi out of the gates, but I believe he may be the nominee put forwards after all the political juggling is completed this week.
5-18-2018 Intel Guru Bruce We do have the ATM machines turned on. We have the lower denomination in there. We had proof today that the military, Kurdistan and other people in Iraq had been paid throughout the country were getting paid with the new rate. ...We still do not know the new rate. We know where the new rate is...We know it is over $4. ...we know the lower denominations are available and the people are using them, and the prices are changing and things are happening. ...we seem to be on the precipice of something major happening...I know certain banks that are lead banks such as HSBC and Wells Fargo are on high red alert to begin. ...We are in the midst of it going down. ...Our turn is coming, and I would bet our turn is coming very shortly. [post 2 of 2]
5-18-2018 Intel Guru Bruce I want to bring you some information that we call Intel that is very excited. We will start with Iraq. We found on Tuesday ...al-Sadr had sort of a majority coalition with him for the vote that took place on Saturday....Yet we also knew that Abadi still was very interested in continuing as Prime Minster of Iraq, but he needed some support ceded from al-Sadr. The deal was al-Sadr was going to do that if Abadi had the RV rate out so that everybody could see it and it was done. He had basically until today [Thursday] according to their agreement to do that. The good news is he did it. The good news is that they will go about setting up their government over the next couple of weeks...and we got this directly from Fallujah today and it was one of our contacts over there...We understand that it was a done deal and that did occur. Abadi will continue as Prime Minister. [post 1 of 2....stay tuned]
5-18-2018 Intel Guru RayRen98 Election results are expected sometime today [Thursday]. Varying reports of election percentages are being labeled as false. Abadi reportedly is NOT in the lead. Payments to the Kurds are reportedly in significant amounts. The Central bank of Iraq signs a MOU with VISA International. Abadi alliance and Sadr alliance are expected to join together. Parliament is holding a special meeting on Saturday to discuss their disfavor with the election results. Hmmmmmm?
5-18-2018 Newshound Guru Kaperoni The CBI stated a year or so ago, once they start it could take 2 years to delete the zeros. What that means is that the dinar will appreciate gradually (float) as stated in the IMF Article IV Consultation. My view is that once the conditions are met, They accept Article VIII, and move to a float, it could take another 2 years to raise the value of the dinar to a value where the zeros are gone. Not saying it will take that long but it is a directly related to investment. This is why the IMF stated the Balassa-Samuelson effect in the 2012 Article IV. The truth is, if investors are lined up to participate in Iraq, it should happen fairly quickly. But it is up to Iraq to create the right environment for the value to rise. At that point all we can do is hope that investors come to Iraq, begin the substantial rebuilding and investment phase creating inflationary pressure on the CBI to raise the value. [post 2 of 2]
5-18-2018 Newshound Guru Kaperoni [What I would like to know...if they will have to wait for the government to be fully seated, of which they have 90 days following the election to do. If so, the wait continues...] Never said when the 3 month IMF compliance was up the CBI would move to Article VIII directly. There are many reasons to not delay, but the CBI must make that decision. If the CBI feels they should wait for formation of the new GOI, yes we could be waiting a bit. I keep telling people there is no RV, RI or any kind of overnight event. The dinar can only appreciate gradually over time. That means a new GOI, stable government is important. Why?...Because a new GOI and stable government will give confidence to investors to bring money/capital into Iraq. This and only this is what will make the dinar appreciate in value. So if your looking for some event, some overnight wealth, the dinar is not for you. [post 1 of 2....stay tuned]
5-17-2018 Intel Guru Footforward I couldn't give a flying whoop if Winnie the Pooh won the election in Iraq. It has absolutely no bearing on the RV. Trump winning was far more important then who "won" in Iraq...Trump winning the election was far more important then any other political outcome... The election that mattered already happened. IMO, the dinar is by far going to be the winner...the dong might revalue... .05, .10 but compared to where the dinar is going to sit...it's not going to even be close to where the ROI is going to come in...the return is massively going to be on the dinar...remember this is not financial advice... Here's what I keep going back to...why would anyone print a currency and have the most security features of any currency on the face of the planet on a worthless currency...that doesn't make any sense...they knew this was going to be worth something.
5-17-2018 Newshound Guru Walkingstick results are not in, any... stating the victor are premature ... Quite a few, red flag challenges... on the counts that have to be addressed... likely, manual count/s of certain polling stations.. although, highly unlikely.. bringing change the outcome.
5-17-2018 Intel Guru Dr. Clarke THEY (UN, IMF, U.S.) just wanted to make sure the “Wind was Blowing in the RIGHT Direction”, i.e.: Abadi, Sadr - vast Majority (Suitable Environment)...and with no major Terrorist uprisings, even during the Elections - which is a Miracle in itself...this has shown the World investors & partners, including World governments, something important about the true Safety & Security of Iraq, in modern day - which is a huge “Positive”, in support of their upcoming Substantial Currency Revalue, Financial & Economic Reform completions. - GIVING EVERYONE A SOLID CONFIDENCE. MAY 25 - 31st. Those are our Dates...“LATER, rather than Sooner” in MAY...AFTER the Election, not BEFORE... “IN ANY EVENT - MAY 2018”... [post 2 of 2]
5-17-2018 Intel Guru Dr. Clarke We...know, that this does NOT have to happen over a Weekend, even though the Last Weekend in MAY, is a 3-Day weekend, here in the U.S. with Memorial Day. That has NOTHING to do with the timing...IN FACT, we like a WEEK DAY, such as Monday May 28th or Tuesday29th...or maybe Thursday the 31st...just as good as any other time...because as you already know, we’re NOT LOGICAL. IRAQ WILL PICK THE RIGHT DAY, and in fact, it’s probably been in Que already, for a very long time...now that they Know, “Which Way the Wind is Blowing”, regarding the imminent new PM & Company...and just to be Clear - EVERYTHING doesn’t have to be Totally Complete government structure-wise or Law-wise... [post 1 of 2....stay tuned]
5-17-2018 Intel/Newshound Guru tman23 Who is going to be the next Iraq PM...The Shi’ite State of Law Coalition has made it clear that current Iraqi Prime Minister Haider al-Abadi is not a candidate running for the second term in the position. Sa’d Matlabi, a leading member of the State of Law Coalition said on Wednesday that Nouri al-Maliki and Hadi Ameri are also not running for the premier’s office.
5-17-2018 Newshound Guru Breitling …as they lower the note count it adds value to the currency you and I have. That’s part of the process of adding value to the currency…What if they actually add more currency to the Iraqi economy? That’s fine. They can add more currency up to a certain point, up to 4 or 5 billion notes and still have value and not hurt us. Why would they do this? I don’t know…
5-17-2018 Newshound Guru Mnt Goat Article: "LONDON NEWSPAPER: AMIRI AND MALIKI REDUCED THE CEILING OF THEIR AMBITIONS AND OFFER TO ABADI THE NEXT PRESIDENCY" ...so we see in this article that the lists are juggling their support towards someone whom they want as prime minister. This is typical after the election and usually takes about a week to do. So hang in their. Even though we have the “formal” election results we still don’t have the “official and final” results. Remember too once all this horse trading is done, that parliament still had to ratify the new prime minister, then he had to form his government. Will all this delay the RV? Nobody knows just how far they are planning to go in seating this new government prior to puling the trigger on the reinstatement.
5-17-2018 Newshound Guru Adam Montana Well, it's that time of year... Ramadan is in full swing and although there's plenty to be watchful of - my opinion is that we won't be seeing an RV during Ramadan. This Ramadan could prove to be an interesting one... as the votes from the recent elections continue to come in, keep in mind that nothing ever gets done "on time" in Iraq (not even Ramadan, which starts late this year...), and we can probably expect some recounts on the recent elections. Abadi may not retain power, which will provide some interesting opportunities in the RV world - there would be a better way for a fresh face to put their Name in the history books and on every headline in the world than by spearheading a long-overdue revaluation of their currency, right?! In spite of Ramadan and a potentially huge change in the political world of Iraq, there is still plenty of positive activity. I won't belabor the issue, but instead will remain watchful and see how things pan out...Stay positive, friends!
5-17-2018 Intel Guru Dr. Clarke THIS IS WHAT WE BELIEVE is on the Plate, and about to Occur: Sometime between May 25 - May 31st, Iraq (CBI) will substantially increase the Value, of their Dinar Currency…and ALL the Floodgates will blow open. (Yes, Ruby Slippers, we believe the VN Dong will also be triggered within 24 hrs. of the Dinar, with a New Substantial Rate Value, as well) There won’t be any Advance Warning...No Special Intel leaked from the CBI, U.S. Treasury, Bankers, printed Articles, Newscasts, Mosque’s...NOTHING. There won’t be any Auctions shutting down right before, or Dealers cutting off Currency sales right before, or ATM’s blinking saying “Stop in tomorrow & pick up your New Lower currency - Get it while it’s Hot!”...NONE of this will happen in Advance...THE RATE WILL JUST CHANGE. ...YES...and Right in the MIDDLE OF RAMADAN. [post 2 of 2]
5-17-2018 Intel Guru Dr. Clarke They will RV - “Revalue” the Dinar, which means they will assign a BRAND NEW SUBSTANTIALLY INCREASED VALUE to it. Actually right now, they change it almost daily anyway, as it fluctuates up & down already, so the words, “Substantial Increase” is the kicker. RI or Reinstatement really isn’t accurate at all, because they are not going back to Anything - especially an EXACT OLD Rate, when it was Devalued by the U.N., IMF sanctions. The only accuracy that RI or Reinstatement might have, is if you want to apply it to, if it’s Officially Internationally Traded and on the World Markets, like BEFORE, PREVIOUSLY - which OFFICIALLY has NOT yet been declared (talked about, but not Official), even though they are UNOFFICIALLY doing some International type things with it quietly, and without Fanfare - FOR A REASON...which the UN & IMF is well aware of, on Purpose, to accomplish more important things, up to this point. This will be a Brand New Rate, that perhaps has NEVER been seen before - qualifying as an RV or Revalued number...one thing is certain - NOW, THE MONEY CAN FLOW. [post 1 of 2....stay tuned]
5-17-2018 Intel Guru Bluwolf ...There are no delays coming out of no agency of government, nothing from our President nor from his Congress nor Senate. Nothing from the Pentagon or the military. This is a FACT...
5-17-2018 Newshound Guru Walkingstick results are not in, any... stating the victor are premature ... Quite a few, red flag challenges... on the counts that have to be addressed... likely, manual count/s of certain polling stations.. although, highly unlikely.. bringing change the outcome.
5-17-2018 Intel Guru Dr. Clarke THEY (UN, IMF, U.S.) just wanted to make sure the “Wind was Blowing in the RIGHT Direction”, i.e.: Abadi, Sadr - vast Majority (Suitable Environment)...and with no major Terrorist uprisings, even during the Elections - which is a Miracle in itself...this has shown the World investors & partners, including World governments, something important about the true Safety & Security of Iraq, in modern day - which is a huge “Positive”, in support of their upcoming Substantial Currency Revalue, Financial & Economic Reform completions. - GIVING EVERYONE A SOLID CONFIDENCE. MAY 25 - 31st. Those are our Dates...“LATER, rather than Sooner” in MAY...AFTER the Election, not BEFORE... “IN ANY EVENT - MAY 2018”... [post 2 of 2]
5-17-2018 Intel Guru Dr. Clarke We...know, that this does NOT have to happen over a Weekend, even though the Last Weekend in MAY, is a 3-Day weekend, here in the U.S. with Memorial Day. That has NOTHING to do with the timing...IN FACT, we like a WEEK DAY, such as Monday May 28th or Tuesday29th...or maybe Thursday the 31st...just as good as any other time...because as you already know, we’re NOT LOGICAL. IRAQ WILL PICK THE RIGHT DAY, and in fact, it’s probably been in Que already, for a very long time...now that they Know, “Which Way the Wind is Blowing”, regarding the imminent new PM & Company...and just to be Clear - EVERYTHING doesn’t have to be Totally Complete government structure-wise or Law-wise... [post 1 of 2....stay tuned]
5-17-2018 Intel/Newshound Guru tman23 Who is going to be the next Iraq PM...The Shi’ite State of Law Coalition has made it clear that current Iraqi Prime Minister Haider al-Abadi is not a candidate running for the second term in the position. Sa’d Matlabi, a leading member of the State of Law Coalition said on Wednesday that Nouri al-Maliki and Hadi Ameri are also not running for the premier’s office.
5-17-2018 Newshound Guru Breitling …as they lower the note count it adds value to the currency you and I have. That’s part of the process of adding value to the currency…What if they actually add more currency to the Iraqi economy? That’s fine. They can add more currency up to a certain point, up to 4 or 5 billion notes and still have value and not hurt us. Why would they do this? I don’t know…
5-17-2018 Newshound Guru Mnt Goat Article: "LONDON NEWSPAPER: AMIRI AND MALIKI REDUCED THE CEILING OF THEIR AMBITIONS AND OFFER TO ABADI THE NEXT PRESIDENCY" ...so we see in this article that the lists are juggling their support towards someone whom they want as prime minister. This is typical after the election and usually takes about a week to do. So hang in their. Even though we have the “formal” election results we still don’t have the “official and final” results. Remember too once all this horse trading is done, that parliament still had to ratify the new prime minister, then he had to form his government. Will all this delay the RV? Nobody knows just how far they are planning to go in seating this new government prior to puling the trigger on the reinstatement.
5-17-2018 Newshound Guru Adam Montana Well, it's that time of year... Ramadan is in full swing and although there's plenty to be watchful of - my opinion is that we won't be seeing an RV during Ramadan. This Ramadan could prove to be an interesting one... as the votes from the recent elections continue to come in, keep in mind that nothing ever gets done "on time" in Iraq (not even Ramadan, which starts late this year...), and we can probably expect some recounts on the recent elections. Abadi may not retain power, which will provide some interesting opportunities in the RV world - there would be a better way for a fresh face to put their Name in the history books and on every headline in the world than by spearheading a long-overdue revaluation of their currency, right?! In spite of Ramadan and a potentially huge change in the political world of Iraq, there is still plenty of positive activity. I won't belabor the issue, but instead will remain watchful and see how things pan out...Stay positive, friends!
5-17-2018 Intel Guru Dr. Clarke THIS IS WHAT WE BELIEVE is on the Plate, and about to Occur: Sometime between May 25 - May 31st, Iraq (CBI) will substantially increase the Value, of their Dinar Currency…and ALL the Floodgates will blow open. (Yes, Ruby Slippers, we believe the VN Dong will also be triggered within 24 hrs. of the Dinar, with a New Substantial Rate Value, as well) There won’t be any Advance Warning...No Special Intel leaked from the CBI, U.S. Treasury, Bankers, printed Articles, Newscasts, Mosque’s...NOTHING. There won’t be any Auctions shutting down right before, or Dealers cutting off Currency sales right before, or ATM’s blinking saying “Stop in tomorrow & pick up your New Lower currency - Get it while it’s Hot!”...NONE of this will happen in Advance...THE RATE WILL JUST CHANGE. ...YES...and Right in the MIDDLE OF RAMADAN. [post 2 of 2]
5-17-2018 Intel Guru Dr. Clarke They will RV - “Revalue” the Dinar, which means they will assign a BRAND NEW SUBSTANTIALLY INCREASED VALUE to it. Actually right now, they change it almost daily anyway, as it fluctuates up & down already, so the words, “Substantial Increase” is the kicker. RI or Reinstatement really isn’t accurate at all, because they are not going back to Anything - especially an EXACT OLD Rate, when it was Devalued by the U.N., IMF sanctions. The only accuracy that RI or Reinstatement might have, is if you want to apply it to, if it’s Officially Internationally Traded and on the World Markets, like BEFORE, PREVIOUSLY - which OFFICIALLY has NOT yet been declared (talked about, but not Official), even though they are UNOFFICIALLY doing some International type things with it quietly, and without Fanfare - FOR A REASON...which the UN & IMF is well aware of, on Purpose, to accomplish more important things, up to this point. This will be a Brand New Rate, that perhaps has NEVER been seen before - qualifying as an RV or Revalued number...one thing is certain - NOW, THE MONEY CAN FLOW. [post 1 of 2....stay tuned]
5-17-2018 Intel Guru Bluwolf ...There are no delays coming out of no agency of government, nothing from our President nor from his Congress nor Senate. Nothing from the Pentagon or the military. This is a FACT...
5-16-2018 Intel Guru Dr. Clarke When the CBI a few weeks ago, said they were “Ready & just waiting for a SUITABLE ENVIRONMENT” ...What the CBI TRULY MEANT, was “We need to wait and MAKE SURE the right Prime Minister & his Groups - his PEEPS - is in Place, BEFORE we Publicly & Officially change the currency.”...all because the UN, IMF & U.S. made sure of it. They do not want another Saddam Hussein disaster, which could otherwise escalate very rapidly, with one of the OTHER candidates making Prime Minister in power, bringing strong Iranian influence into their future. This had to be GUARANTEED NOT TO HAPPEN - ONLY AFTER THE ELECTION - NOT BEFORE...and NO, the Election was NOT Rigged. They already knew the overwhelming sentiment and direction things were heading...Waaaaaay IN ADVANCE. [post 2 of 2]
5-16-2018 Intel Guru Dr. Clarke ...We said over a month ago many times, that Iraq would NOT substantially raise the value of the Dinar Officially & Publicly, BEFORE the Elections...We’ve also been telling you the HUGE IMPORTANCE of North Korea... Now, you SEE...WHY it’s so important in you getting paid SUBSTANTIALLY, on your Currency Investment, with Iraq & Vietnam. REGIONAL PEACE, especially in the Far East, affects your Vietnam Dong currency, as well as, China, and the connections both China & N. Korea have to ISIS, Iran & Syria in the Middle East REGIONS. Do you “SEE” yet? [post 1 of 2....stay tuned]
5-16-2018 Intel Guru RayRen98 On Monday I said we should see the RV by Friday, but we were expected a release on Monday. Now I really think it will be out by Friday. I don’t understand it all, unless that was the plan to start with. I’d think there is some reason Abadi took the chance, but in any case Abadi is still the PM until 1. July, and he can ask the CBI to release the new rate at any time. The government still operates during Ramadan, so I don’t think that’s an issue. There is nothing holding this back: no laws are needed, Article 140 is not really relevant, and so we are just waiting. [post 2 of 2]
5-16-2018 Intel Guru RayRen98 [via Adept1] ...the official announcement from the Iraqi election will be tomorrow, Thursday, because they are still counting overseas ballots. ...They say that Sadr is first in the count, but they also say not to believe any rumors. Essentially, nothing has happened and nothing will happen until after that count. Sadr says that he doesn’t want to be PM, and he will talk to anyone (although he has been backing Abadi for the last few months). Sadr does have some conditions, and nobody knows what they are yet. Abadi has already said he is going after the corrupt, so that probably won’t be one of the conditions. The only condition I think Sadr can make is the timeframe of the RV, because Abadi is already doing everything else Sadr is likely to ask for. So we are not concerned until the official numbers and the conditions are announced. Then we’ll probably know how much longer we have to wait. I haven’t heard anything from Iraq or from the US banks – everyone is waiting. [post 1 of 2....stay tuned]
5-16-2018 Newshound Guru Mnt Goat WOW! What a week shaping up after the Iraqi elections. An unexpected candidate once again makes it to the top. ...So the results are in from the “formal” election process: the “Sadrist movement” will get to nominate the next prime minister under Al-Sadr’s terms. Now we have to move towards the final “official” results which could take a week or more. ...How likely is it that Al-Abadi will be the next prime minister? ...We...know that these men have been meeting and al-Sadr has been campaigning for al-Abadi. But we don’t know if this was actually a well thought out plan or it is just turning out that way. ...What difference does it make as long as al-Abadi gets back in to power. I think this will happen...
5-16-2018 Newshound Guru Breitling …So what does Iraq have an advantage over Iran? The whole world has access to its [Iraq's] energy and they have access to the whole world’s energy. So why wouldn’t they [Iran] want to participate in Iraq’s economy? So kind of a blessing in disguise…That’s how Iran plans on using Iraq as a backdoor way to get access to whatever it is they need and get away with and get access to US dollars. [post 2 of 2]
5-16-2018 Newshound Guru Stryker Abadi still has time to shine these next few weeks, and gain his second term along the way!
5-16-2018 Newshound Guru Breitling What does it [Iran sanctions] mean for Iraq? …as the new sanctions come up…the rest of the world will not have access to Iran’s energy sources and they [Iran] will not have access to most of the world’s energy sources. So how does that translate for Iraq? How is Iraq involved? Because If you look at Iran, Iran is Shia…so they belong to a different church than the Sunni and the Arabs…If there’s going to be big huge sanctions on Iran they are going to use the same backdoor market that they did last time before the sanctions were lifted. And guess what that backdoor market was? Iraq. Because there are more Shia in Iraq than there are Sunni and Kurds. That’s why it’s a good thing for Iraq… [Post 1 of 2]
5-16-2018 Intel Guru Bruce The morning of the voting...the Baghdad Province billboards were revealed. They were exposed where people could see that the dinar had value and they could see the value of it before they voted. So they knew under Abadi the dinar had revalued...Also at that time which was Sunday, the first business day of the week over there, they were able to begin to use the ATM machines, and see the lower denominations and have it up and running. Where that was sort of the big reveal so the people would know the value and the rate in country, evidently it still hasn’t been put out for the international world to know it yet...We know what the rate is. We know that all the rates populated back on the screens as of Sunday night on the bank screens. ...We are ready to get started. ...We are in the process now of waiting for our turn again. ...It is quite possible we can go anytime in the next couple of days...We are not trying to call it. I am just trying to say it seems based on everything I am getting we are finally ready. [post 2 of 2]
5-16-2018 Intel Guru Bruce ...there is some real interesting stuff...going on in Iraq over the last 4 or 5 days. Their election for Prime Minister was Saturday. ...about...4 days prior to the Election Day, they were busy, the military and some of the other people who were chosen, to help set up billboards and increased the number of billboards in Iraq ...and they added a number of digital billboards to that number and came up with just under 8,000 total. You say So What. What was on the digital billboards was pictures of the lower denominations and ...they also had a rate of the dinar as compared to the US Dollar....whether it was a 5, 10, 20, etc....It had a relative value in US Dollars. So someone could look up and say Hey, we got a new value for our dinar and there it is and it is compared to the US Dollar. [post 1 of 2....stay tuned]
5-16-2018 Newshound Guru Walkingstick [via sunny] ...In place, In place, In place...have been.” What? The electronic boards. ...They will be inside financial institutions and outside in Iraq hanging all over the place. These are two separate things. The billboards and the electronic boards are both for the citizens. Billboards will be outside everywhere and the others, presentation boards, inside financial institutions...Will educate the citizens about the smaller notes.
5-16-2018 Intel Guru Dr. Clarke ...We said over a month ago many times, that Iraq would NOT substantially raise the value of the Dinar Officially & Publicly, BEFORE the Elections...We’ve also been telling you the HUGE IMPORTANCE of North Korea... Now, you SEE...WHY it’s so important in you getting paid SUBSTANTIALLY, on your Currency Investment, with Iraq & Vietnam. REGIONAL PEACE, especially in the Far East, affects your Vietnam Dong currency, as well as, China, and the connections both China & N. Korea have to ISIS, Iran & Syria in the Middle East REGIONS. Do you “SEE” yet? [post 1 of 2....stay tuned]
5-16-2018 Intel Guru RayRen98 On Monday I said we should see the RV by Friday, but we were expected a release on Monday. Now I really think it will be out by Friday. I don’t understand it all, unless that was the plan to start with. I’d think there is some reason Abadi took the chance, but in any case Abadi is still the PM until 1. July, and he can ask the CBI to release the new rate at any time. The government still operates during Ramadan, so I don’t think that’s an issue. There is nothing holding this back: no laws are needed, Article 140 is not really relevant, and so we are just waiting. [post 2 of 2]
5-16-2018 Intel Guru RayRen98 [via Adept1] ...the official announcement from the Iraqi election will be tomorrow, Thursday, because they are still counting overseas ballots. ...They say that Sadr is first in the count, but they also say not to believe any rumors. Essentially, nothing has happened and nothing will happen until after that count. Sadr says that he doesn’t want to be PM, and he will talk to anyone (although he has been backing Abadi for the last few months). Sadr does have some conditions, and nobody knows what they are yet. Abadi has already said he is going after the corrupt, so that probably won’t be one of the conditions. The only condition I think Sadr can make is the timeframe of the RV, because Abadi is already doing everything else Sadr is likely to ask for. So we are not concerned until the official numbers and the conditions are announced. Then we’ll probably know how much longer we have to wait. I haven’t heard anything from Iraq or from the US banks – everyone is waiting. [post 1 of 2....stay tuned]
5-16-2018 Newshound Guru Mnt Goat WOW! What a week shaping up after the Iraqi elections. An unexpected candidate once again makes it to the top. ...So the results are in from the “formal” election process: the “Sadrist movement” will get to nominate the next prime minister under Al-Sadr’s terms. Now we have to move towards the final “official” results which could take a week or more. ...How likely is it that Al-Abadi will be the next prime minister? ...We...know that these men have been meeting and al-Sadr has been campaigning for al-Abadi. But we don’t know if this was actually a well thought out plan or it is just turning out that way. ...What difference does it make as long as al-Abadi gets back in to power. I think this will happen...
5-16-2018 Newshound Guru Breitling …So what does Iraq have an advantage over Iran? The whole world has access to its [Iraq's] energy and they have access to the whole world’s energy. So why wouldn’t they [Iran] want to participate in Iraq’s economy? So kind of a blessing in disguise…That’s how Iran plans on using Iraq as a backdoor way to get access to whatever it is they need and get away with and get access to US dollars. [post 2 of 2]
5-16-2018 Newshound Guru Stryker Abadi still has time to shine these next few weeks, and gain his second term along the way!
5-16-2018 Newshound Guru Breitling What does it [Iran sanctions] mean for Iraq? …as the new sanctions come up…the rest of the world will not have access to Iran’s energy sources and they [Iran] will not have access to most of the world’s energy sources. So how does that translate for Iraq? How is Iraq involved? Because If you look at Iran, Iran is Shia…so they belong to a different church than the Sunni and the Arabs…If there’s going to be big huge sanctions on Iran they are going to use the same backdoor market that they did last time before the sanctions were lifted. And guess what that backdoor market was? Iraq. Because there are more Shia in Iraq than there are Sunni and Kurds. That’s why it’s a good thing for Iraq… [Post 1 of 2]
5-16-2018 Intel Guru Bruce The morning of the voting...the Baghdad Province billboards were revealed. They were exposed where people could see that the dinar had value and they could see the value of it before they voted. So they knew under Abadi the dinar had revalued...Also at that time which was Sunday, the first business day of the week over there, they were able to begin to use the ATM machines, and see the lower denominations and have it up and running. Where that was sort of the big reveal so the people would know the value and the rate in country, evidently it still hasn’t been put out for the international world to know it yet...We know what the rate is. We know that all the rates populated back on the screens as of Sunday night on the bank screens. ...We are ready to get started. ...We are in the process now of waiting for our turn again. ...It is quite possible we can go anytime in the next couple of days...We are not trying to call it. I am just trying to say it seems based on everything I am getting we are finally ready. [post 2 of 2]
5-16-2018 Intel Guru Bruce ...there is some real interesting stuff...going on in Iraq over the last 4 or 5 days. Their election for Prime Minister was Saturday. ...about...4 days prior to the Election Day, they were busy, the military and some of the other people who were chosen, to help set up billboards and increased the number of billboards in Iraq ...and they added a number of digital billboards to that number and came up with just under 8,000 total. You say So What. What was on the digital billboards was pictures of the lower denominations and ...they also had a rate of the dinar as compared to the US Dollar....whether it was a 5, 10, 20, etc....It had a relative value in US Dollars. So someone could look up and say Hey, we got a new value for our dinar and there it is and it is compared to the US Dollar. [post 1 of 2....stay tuned]
5-16-2018 Newshound Guru Walkingstick [via sunny] ...In place, In place, In place...have been.” What? The electronic boards. ...They will be inside financial institutions and outside in Iraq hanging all over the place. These are two separate things. The billboards and the electronic boards are both for the citizens. Billboards will be outside everywhere and the others, presentation boards, inside financial institutions...Will educate the citizens about the smaller notes.
5-15-2018 *** Dinar Guru News Update *** It appears a similar election day surprise upset has happened in Iraq as it had in the United States, England and other places around the world...it's a bit of a wild card at the moment so no one knows if this will have a positive or negative impact on the dinar. This new parliament will ultimately determine the next Prime Minister of Iraq. Obviously, this is an important election as it will determine the direction of the country and the dinar. Stay tuned as the gurus chime in on how these surprise results will play out. The latest guru updates will continue below...
5-15-2018 Newshound Guru chattels 30 days remaining to meet IMF compliance according to Kap's [Guru Kaperoni] countdown. Coincidentally that date will coincide with the Eid al-Fitr Holiday and the end of Ramadan...
5-15-2018 Newshound Guru Kaperoni Our unofficial IMF compliance countdown clock for the 2% compliance is now at 30 days to go.
5-15-2018 Intel Guru Frank26 There will be electronic boards inside of the banks and exchange centers in Iraq that will be educating the citizens about the lower notes with descriptions and photographs. “There will be three things, billboards, electronic boards and the second and final article. Iraq is now taking every step Turkmanistan made when they RV’d their currency. It will be hours to days for the reinstatement release when these three entities are out. All to come soon, IMO! I pray it is next Monday. When the conditions are suitable for these three things and IMO...these three things are ready. These three things are ready! They have been. Realize that these electric billboards were made months ago IMO. They can be programmed at any moment, at any time when the conditions are suitable.”
5-15-2018 Newshound Guru G-Lin Sadr in charge and Maliki is probably on the run. Should get interesting. ...I've always said there is only one person that can go toe to toe with Maliki and that's Sadr. This also is a blow to Iran. Also U.S. will have some resistance. Sadr hates us. But if Sadr, Abadi, Kurds, and Sunnis can come together, it should look like a totally different Iraq. There were arts. out yesterday saying Maliki had high tailed it out of town to Iran. That could be propaganda, who knows. But I bet he is a little bit jumpy. If he doesn't have a place in Parl., he will loose his immunity. Hello interpol.
5-15-2018 Intel Guru Frank26 Sadr is not in favor of the USA...BUT, IMO Sadr darn well knows that Iraq, the ME and he needs the United States. I don’t think you’ll see him reject Abadi or the United States. The reality of the US in the ME is vital. Sadr knows this. He knows he needs the US to rid Iraq of the parasitical influence of Iran. Sadr likes Abadi. And now with no Maliki, no political power on Maliki’s side, the parliamentary seats will be in favor of Sadr. Sadr knows Abadi is accepted well both regionally, internationally and by the people of Iraq. That Abadi is the perfect person for him to endorse. [post 2 of 2]
5-15-2018 Intel Guru Frank26 [via sunny] Sadr and Abadi are the perfect combination to establish a new government and the citizens know so. ...Sadr is a holy man. He supports Abadi. ...Abadi is IMO going to be seated as the Prime Minister. Abadi said he had no incentive to campaign and run. Of course not, they knew what was going to happen. Sadr is happy to see Maliki shot down by the citizens of Iraq. ...Maliki has become an innate drone to...his party...Iraq. He’s useless. [post 1 of 2....stay tuned]
5-15-2018 Newshound Guru Breitling On the elections that they had in Iraq and what does it mean. Who won and how does it play with the revaluation of the Iraqi dinar? Well it doesn’t at all. So what would you look at to figure all this out? What are the main parties they have in Iraq? You have a couple main parties but in the end it is Sunni and Shia and the Sunni and Shia both want the revaluation of the Iraqi Dinar. If you look at what laws and what they need to do and what’s in place, it goes from the Ministry of Planning, The ministry of Finance to the Central Bank of Iraq. And none of that has changed. None of that power structure and what it is they want has changed. So now we’re back at looking at the markets and what Iraq can do..
5-15-2018 Newshound Guru chattels These are the steps to form the next Iraqi government...[continued:]
- Parliament elects a new president by a two-thirds majority of deputies within 30 days of the first meeting.
- The new president nominates the candidate of the largest bloc in parliament to form a government.
- The prime minister-designate shall have 30 days to form the government and submit it to parliament for approval.
- Parliament must approve the government program and each minister separately in a separate vote by an absolute If the prime minister-designate fails to form a coalition government within 30 days or if parliament rejects the government proposed by the prime minister-designate, the president must appoint another candidate to form a government within 15 days. [post 2 of 2]
5-15-2018 Newshound Guru chattels These are the steps to form the next Iraqi government... "Basnews: According to the Constitution...The Iraqi parliamentary elections, which took place yesterday, have followed the steps of forming the new government within 90 days. The steps in accordance with the Iraqi constitution will be as follows:
- The Independent High Electoral Commission (IHEC) will announce the election results on Monday.
- President Fuad Masum calls on the new parliament to convene within 15 days of announcing the results.
- Legislators elect a speaker and two deputies by an absolute majority at the first meeting. [post 1 of 2....stay tuned]
5-15-2018 Newshound/Intel Guru Mnt Goat Once the new Prime Minister is selected and all is deemed legal, the prime minister-designate has 30 days to put together a cabinet and present it to parliament for approval. *Parliament must approve the government program and each individual minister in separate absolute majority votes. If the prime minister-designate fails to put together a governing coalition after 30 days, or if parliament rejects the prime minister designates proposed cabinet, the president must nominate another candidate within 15 days.
5-15-2018 Newshound Guru Whitelions ...I see Sadr's party won this should start to get good. ...I did catch the BBC news and it is reporting that Sadr's block won... now we wait ...he may shake things way up and appoint some one no one has ever heard of. Sadr does not like the US or Iran having any say in Iraq but he does like what is going on in Saudi Arabia which is great for the reform, I think he will choose Abadi for PM BUT he has always been a horse of a different color so we wait...
5-15-2018 Newshound Guru Kaperoni Our unofficial IMF compliance countdown clock for the 2% compliance is now at 30 days to go.
5-15-2018 Intel Guru Frank26 There will be electronic boards inside of the banks and exchange centers in Iraq that will be educating the citizens about the lower notes with descriptions and photographs. “There will be three things, billboards, electronic boards and the second and final article. Iraq is now taking every step Turkmanistan made when they RV’d their currency. It will be hours to days for the reinstatement release when these three entities are out. All to come soon, IMO! I pray it is next Monday. When the conditions are suitable for these three things and IMO...these three things are ready. These three things are ready! They have been. Realize that these electric billboards were made months ago IMO. They can be programmed at any moment, at any time when the conditions are suitable.”
5-15-2018 Newshound Guru G-Lin Sadr in charge and Maliki is probably on the run. Should get interesting. ...I've always said there is only one person that can go toe to toe with Maliki and that's Sadr. This also is a blow to Iran. Also U.S. will have some resistance. Sadr hates us. But if Sadr, Abadi, Kurds, and Sunnis can come together, it should look like a totally different Iraq. There were arts. out yesterday saying Maliki had high tailed it out of town to Iran. That could be propaganda, who knows. But I bet he is a little bit jumpy. If he doesn't have a place in Parl., he will loose his immunity. Hello interpol.
5-15-2018 Intel Guru Frank26 Sadr is not in favor of the USA...BUT, IMO Sadr darn well knows that Iraq, the ME and he needs the United States. I don’t think you’ll see him reject Abadi or the United States. The reality of the US in the ME is vital. Sadr knows this. He knows he needs the US to rid Iraq of the parasitical influence of Iran. Sadr likes Abadi. And now with no Maliki, no political power on Maliki’s side, the parliamentary seats will be in favor of Sadr. Sadr knows Abadi is accepted well both regionally, internationally and by the people of Iraq. That Abadi is the perfect person for him to endorse. [post 2 of 2]
5-15-2018 Intel Guru Frank26 [via sunny] Sadr and Abadi are the perfect combination to establish a new government and the citizens know so. ...Sadr is a holy man. He supports Abadi. ...Abadi is IMO going to be seated as the Prime Minister. Abadi said he had no incentive to campaign and run. Of course not, they knew what was going to happen. Sadr is happy to see Maliki shot down by the citizens of Iraq. ...Maliki has become an innate drone to...his party...Iraq. He’s useless. [post 1 of 2....stay tuned]
5-15-2018 Newshound Guru Breitling On the elections that they had in Iraq and what does it mean. Who won and how does it play with the revaluation of the Iraqi dinar? Well it doesn’t at all. So what would you look at to figure all this out? What are the main parties they have in Iraq? You have a couple main parties but in the end it is Sunni and Shia and the Sunni and Shia both want the revaluation of the Iraqi Dinar. If you look at what laws and what they need to do and what’s in place, it goes from the Ministry of Planning, The ministry of Finance to the Central Bank of Iraq. And none of that has changed. None of that power structure and what it is they want has changed. So now we’re back at looking at the markets and what Iraq can do..
5-15-2018 Newshound Guru chattels These are the steps to form the next Iraqi government...[continued:]
- Parliament elects a new president by a two-thirds majority of deputies within 30 days of the first meeting.
- The new president nominates the candidate of the largest bloc in parliament to form a government.
- The prime minister-designate shall have 30 days to form the government and submit it to parliament for approval.
- Parliament must approve the government program and each minister separately in a separate vote by an absolute If the prime minister-designate fails to form a coalition government within 30 days or if parliament rejects the government proposed by the prime minister-designate, the president must appoint another candidate to form a government within 15 days. [post 2 of 2]
5-15-2018 Newshound Guru chattels These are the steps to form the next Iraqi government... "Basnews: According to the Constitution...The Iraqi parliamentary elections, which took place yesterday, have followed the steps of forming the new government within 90 days. The steps in accordance with the Iraqi constitution will be as follows:
- The Independent High Electoral Commission (IHEC) will announce the election results on Monday.
- President Fuad Masum calls on the new parliament to convene within 15 days of announcing the results.
- Legislators elect a speaker and two deputies by an absolute majority at the first meeting. [post 1 of 2....stay tuned]
5-15-2018 Newshound/Intel Guru Mnt Goat Once the new Prime Minister is selected and all is deemed legal, the prime minister-designate has 30 days to put together a cabinet and present it to parliament for approval. *Parliament must approve the government program and each individual minister in separate absolute majority votes. If the prime minister-designate fails to put together a governing coalition after 30 days, or if parliament rejects the prime minister designates proposed cabinet, the president must nominate another candidate within 15 days.
5-15-2018 Newshound Guru Whitelions ...I see Sadr's party won this should start to get good. ...I did catch the BBC news and it is reporting that Sadr's block won... now we wait ...he may shake things way up and appoint some one no one has ever heard of. Sadr does not like the US or Iran having any say in Iraq but he does like what is going on in Saudi Arabia which is great for the reform, I think he will choose Abadi for PM BUT he has always been a horse of a different color so we wait...
5-14-2018 Newshound Guru Kaperoni Just a reminder to all, that Prime Minister is not an elected position. It is a consensus among political blocs after the election. So we are in for a bit of a wait while negotiations and alliances are formed.
5-14-2018 Intel Guru RayRen98 ...Not all the little tier two and tier three banks can do exchanges on this level. Any bank that already deals with foreign currency will have those rates on their screens as soon as this goes. We were told only Wells Fargo and Bank of America will do the exchanges from day one...
5-14-2018 Newshound/Intel Guru Mnt Goat We know that the religious cleric al-Sadr does not want to run the country as prime minister. He ran for office in a political gesture in order to take votes away from the other alliances. So Al-Sadr seems to have been successful in his tactic to hoard the votes and so now his bloc may get to choose the next prime minister. We suspect that al-Sadr will do this, but he has not yet made his announcement so it is not yet over until it’s over. So hang and in and let’s see how this all plays out today. I repeat it is not yet all official. The judiciary still must also ratify the results to ensure nothing is fishy and all is proper. [post 2 of 2]
5-14-2018 Newshound/Intel Guru Mnt Goat The Iraq elections are over. As we all should know the parliamentary elections were supposed to be run last November 2017, but due to ISIS they were postponed and combined with the presidential elections (Prime minister, speaker and president) on May12th. So far with most votes counted, a bloc headed by cleric Moqtada al-Sadr and another led by a militia leader are ahead, voting officials are quoted as saying. They suggest Mr Abadi's governing alliance is running third. So did former PM Abadi win the elections? We do not yet know for sure. But I would say no. I am hearing his alliance by itself did not win however the way the election works, al-Abadi might still get to serve a second term and be appointed prime minister. This may be done by combining votes to the winning bloc. The winning bloc decides the candidate who will actually be the prime minister. [post 1 of 2....stay tuned]
5-14-2018 Newshound Guru Don961 [...I've read through 70 plus articles, a number of them containing conflicting information...] ...until the official final word from the Official Election Commission is made known ... all the other stuff matters not ... imo.
5-14-2018 Newshound/Intel Guru Mnt Goat So the elections are over, we did not get the reinstatement prior to elections just as I told everyone would NOT happen. So now the new the government is not yet formed. The big question is this - Will the CBI wait the entire 90 day process of forming the government (August) before moving to reinstate the currency? We don’t know and I am not going to guess. I will tell you what I do know for FACT. The CBI told us they will keep us informed along the process of the project to delete the zeros. So I suspect that now that the elections are over we will get some kind of update from the CBI on where this project now stands. All we can do is wait and watch.
5-14-2018 Newshound Guru chattels Mosul, the second largest city in Iraq has yet to indicate any returns from the polls. Abadi was expected to show well in Mosul / Nineveh, we shall see.
5-14-2018 Newshound Guru Kaperoni It looks like PM al-Abadi's bloc has come in first and will stay PM. This is preliminary of course.
5-14-2018 Newshound Guru chattels The news reports are confusing and somewhat conflicted. My best take on the results is that Abadi has about 60 seats and Sadr 51.
5-14-2018 Newshound Guru Kaperoni Looks PM al-Abadi's political bloc is leading the elections. Let's hope so as this will give us the quickest formation of a new government and continued motivation to make economic changes. Some people do not understand the significance of the elections, a government with the same directive and motivation for change along with proven stability is critical for investor confidence. Remember, confidence is what will drive the dinars value up. A lack of will cause reluctance and a hesitance from investors.
5-14-2018 Intel Guru RayRen98 ...Not all the little tier two and tier three banks can do exchanges on this level. Any bank that already deals with foreign currency will have those rates on their screens as soon as this goes. We were told only Wells Fargo and Bank of America will do the exchanges from day one...
5-14-2018 Newshound/Intel Guru Mnt Goat We know that the religious cleric al-Sadr does not want to run the country as prime minister. He ran for office in a political gesture in order to take votes away from the other alliances. So Al-Sadr seems to have been successful in his tactic to hoard the votes and so now his bloc may get to choose the next prime minister. We suspect that al-Sadr will do this, but he has not yet made his announcement so it is not yet over until it’s over. So hang and in and let’s see how this all plays out today. I repeat it is not yet all official. The judiciary still must also ratify the results to ensure nothing is fishy and all is proper. [post 2 of 2]
5-14-2018 Newshound/Intel Guru Mnt Goat The Iraq elections are over. As we all should know the parliamentary elections were supposed to be run last November 2017, but due to ISIS they were postponed and combined with the presidential elections (Prime minister, speaker and president) on May12th. So far with most votes counted, a bloc headed by cleric Moqtada al-Sadr and another led by a militia leader are ahead, voting officials are quoted as saying. They suggest Mr Abadi's governing alliance is running third. So did former PM Abadi win the elections? We do not yet know for sure. But I would say no. I am hearing his alliance by itself did not win however the way the election works, al-Abadi might still get to serve a second term and be appointed prime minister. This may be done by combining votes to the winning bloc. The winning bloc decides the candidate who will actually be the prime minister. [post 1 of 2....stay tuned]
5-14-2018 Newshound Guru Don961 [...I've read through 70 plus articles, a number of them containing conflicting information...] ...until the official final word from the Official Election Commission is made known ... all the other stuff matters not ... imo.
5-14-2018 Newshound/Intel Guru Mnt Goat So the elections are over, we did not get the reinstatement prior to elections just as I told everyone would NOT happen. So now the new the government is not yet formed. The big question is this - Will the CBI wait the entire 90 day process of forming the government (August) before moving to reinstate the currency? We don’t know and I am not going to guess. I will tell you what I do know for FACT. The CBI told us they will keep us informed along the process of the project to delete the zeros. So I suspect that now that the elections are over we will get some kind of update from the CBI on where this project now stands. All we can do is wait and watch.
5-14-2018 Newshound Guru chattels Mosul, the second largest city in Iraq has yet to indicate any returns from the polls. Abadi was expected to show well in Mosul / Nineveh, we shall see.
5-14-2018 Newshound Guru Kaperoni It looks like PM al-Abadi's bloc has come in first and will stay PM. This is preliminary of course.
5-14-2018 Newshound Guru chattels The news reports are confusing and somewhat conflicted. My best take on the results is that Abadi has about 60 seats and Sadr 51.
5-14-2018 Newshound Guru Kaperoni Looks PM al-Abadi's political bloc is leading the elections. Let's hope so as this will give us the quickest formation of a new government and continued motivation to make economic changes. Some people do not understand the significance of the elections, a government with the same directive and motivation for change along with proven stability is critical for investor confidence. Remember, confidence is what will drive the dinars value up. A lack of will cause reluctance and a hesitance from investors.
5-13-2018 Newshound Guru chattels Article: "BAGHDAD (Reuters) – Prime Minister Haider al-Abadi’s list appears to be leading in Iraq’s parliamentary election, followed by influential Shi’ite cleric Moqtada al-Sadr’s alliance, an election commission source and a security official told Reuters on Sunday. The sources cited unofficial initial results." Even if Abadi’s Victory Alliance wins the most seats, he still must negotiate a coalition government, which must be formed within 90 days of the election. And, If parliament chooses him as prime minister... The formation of the new government shouldn't be expected until after the Ramadan and Eid holidays, according to Zebari. Ramadan begins on or about May 15 and ends Friday, Jun 15, 2018 with the Eid al-Fitr National Holiday.
5-13-2018 Newshound/Intel Guru BGG The real story out of these elections will be this… It wasn’t about Maliki vs. Abadi that turned out to be the real issue. It was Kurds. The Kurds may well turn out to be the “kingmakers” that some have speculated… but it may not be the “old guard” Kurds (the KDP). It looks like to me – the KDP (the same sh!T bags who were in a hinky, secret alliance with Maliki all along)… look to have gotten blown out this time around. There was a change movement in this election – but it started in Kurdistan. The big numbers seem to have been split between the two (or three) opposition parties, the Goran, the PUK and to a lesser extent the Democracy faction, led by Barham Saleh. It was a stunning day in Iraqi politics!! [post 2 of 2]
5-13-2018 Newshound/Intel Guru BGG Who? What? Why? Iraq’s election (2018) Folks, it is as simple as this… These election results are critical. Even with an outright win by Abadi, it may well take him some time to fully form his next GOI and move things forward. No matter what anyone says, there is still a ways to go. We need to wait and get a true reading on what the fullsome numbers look like once everything is counted…It sounds like Abadi’s faction won a significant number of seats… which is a big deal for Abadi. He will need still help to “form” the next GOI… and he may get it… FROM THE KURDS (and others). [post 1 of 2....stay tuned]
5-13-2018 Newshound/Intel Guru Mnt Goat I do not believe that any new Trump sanctions with Iran will block or impact the Iraqi dinar RV. I do strongly believe that, if you waiting for the Iranian Rial to RV along with the Iraqi dinar, you are going to be waiting for a VERY long time...
5-13-2018 Newshound/Intel Guru BGG The real story out of these elections will be this… It wasn’t about Maliki vs. Abadi that turned out to be the real issue. It was Kurds. The Kurds may well turn out to be the “kingmakers” that some have speculated… but it may not be the “old guard” Kurds (the KDP). It looks like to me – the KDP (the same sh!T bags who were in a hinky, secret alliance with Maliki all along)… look to have gotten blown out this time around. There was a change movement in this election – but it started in Kurdistan. The big numbers seem to have been split between the two (or three) opposition parties, the Goran, the PUK and to a lesser extent the Democracy faction, led by Barham Saleh. It was a stunning day in Iraqi politics!! [post 2 of 2]
5-13-2018 Newshound/Intel Guru BGG Who? What? Why? Iraq’s election (2018) Folks, it is as simple as this… These election results are critical. Even with an outright win by Abadi, it may well take him some time to fully form his next GOI and move things forward. No matter what anyone says, there is still a ways to go. We need to wait and get a true reading on what the fullsome numbers look like once everything is counted…It sounds like Abadi’s faction won a significant number of seats… which is a big deal for Abadi. He will need still help to “form” the next GOI… and he may get it… FROM THE KURDS (and others). [post 1 of 2....stay tuned]
5-13-2018 Newshound/Intel Guru Mnt Goat I do not believe that any new Trump sanctions with Iran will block or impact the Iraqi dinar RV. I do strongly believe that, if you waiting for the Iranian Rial to RV along with the Iraqi dinar, you are going to be waiting for a VERY long time...
5-12-2018 Newshound Guru Kaperoni ...update, the countdown is at 33 more days until the CBI meets IMF compliance. Hope they can keep the auctions below 2%.
5-12-2018 Newshound/Intel Guru Mnt Goat ...they can also convert the other imported goods and services more to in-country...then these areas too will have much less need for importation and thus also positively effect the currency auctions in the lessening the demand for the US dollar. See the connection? This is also why the need to move from the govt run to the private sectors. They must make this move in their society as a whole and not just in agriculture. Even in agriculture they have not yet make a drastic move but you can see the impacts on the little they have accomplished so far. This all will drive up the VALUE of the dinar against the dollar and secure the value so they can trade it on the open currency markets. [post 2 of 2]
5-12-2018 Newshound/Intel Guru Mnt Goat The news now is all about the elections and the launching the National Development Plan 2018-2022. An amazing article today about the value of the dinar vs the dollar. Quote: “It should be recalled that a group of experts and specialists in financial and economic affairs have been encouraged to process the revaluation of the Iraqi dinar against the value of the dollar and other foreign currencies”. ...this news is brought about from the agriculture sector mainly...as Iraq can now provide staple food for its people and has thus decreased tremendously the food imports from other countries. When this did this they decreased the demand on the US dollar in the currency auctions due to less need to convert dinar to dollars to pay importers. ...See the connection? [post 1 of 2....stay tuned]
5-12-2018 Intel Guru Jester CHINA IS WAITING ON TRUMP TO PULL THE TRIGGER... UNTIL THEY ARE READY TO DO THAT WE WILL BE HERE... ALSO THAT THEY ARE NOT GOING TO TURN THIS LOOSE FOR THE PEOPLE THAT STOLE IT THE FIRST TIME TO STEAL IT AGAIN MORE... THEY HAVE TO HAVE AN IDEA THEIR INVESTMENT IS SECURE... THEY WILL NOT LET IT HAPPEN UNTIL THEN...
5-12-2018 Newshound Guru Kaperoni Today is election day in Iraq. So far, it appears that al-Maliki and his coalition has lost in the elections.
5-12-2018 Newshound Guru chattels Polls are open on Saturday, May 12 from 7am to 6pm across Iraq and the Kurdistan Region as voters elect a new parliament, the first election after ISIS. Al-Abadi is likely to win 60 seats in the parliamentary elections. ...Results within 48 hours they say... [If he wins 60 seats, will that give him a majority?] No sir. [So, he'll need to form a coalition?] Yes sir. [How long do you folks think it will take for Abadi to form a coalition?] There is no certainty that Abadi's coalition will be asked to form a government. The top individual list vote getter has never become PM in Iraq. It all depends upon the coalition(s) formed post election. Maliki's State Of Law Coalition lost out in 2014. Allawi lost out in 2008, etc
5-12-2018 Newshound Guru MilitiaMan Article: “Bank of Iraq won the Excellence Award and best performance of Business Performance in 2017 from MasterCard International.“ ...Mastercard, Financial Inclusion and Electronic Banking (payments). This is out today! ...They are reiterating things, as in education. Guess what else...education of the Citizens and their new currency. They'll be using Bill Boards (presentation boards)...These boards are said to be all over the country now...and will show the Citizens pictures of the notes. There will be no confusion or mistake about it. Thus, in conjunction with that exposure may come the RI or closely thereafter, iho. ...All data like this above supports the process is fully underway and imo coming to an intersection.
5-12-2018 Newshound Guru Kaperoni [Anyone know what the auctions were the last two days?] There were no auctions
5-12-2018 Newshound/Intel Guru Mnt Goat Article: "MINISTRY OF PLANNING ANNOUNCES THE DATE OF LAUNCHING THE IMPLEMENTATION OF THE NATIONAL DEVELOPMENT PLAN 2018-2022" Does this plan also include the final stages of the “project to delete the zeros”? Yes we are told it does and hinges on it in the first stage, as the plan needs it to succeed. Folks we are getting VERY close to this reinstatement.
5-12-2018 Newshound/Intel Guru BGG Article: "Iraqi Police Intercept 31 Boxes of $100 Bills from Iran to Promote Iraqi Puppet" Quote: "The Iraqi Police intercept 31 boxes filled with stacks of $100 bills, smuggled from Iran, into Iraq, to be delivered to Hadi Al-Amari, head of the pro-Khomeiniist regime Badr militia." Talk about COLLUSION!! ...I’ll give you two good guesses as to where these $100 bills came from… (… and the first hint is – it wasn’t DONALD TRUMP).
5-12-2018 Newshound Guru Stryker The Time is no better than Right Now! New Elections, No ISIS Occupation, a New National Development Plan, Modern Banking, New Electronic Transactions, IBAN, SWIFT, etc, etc...
5-12-2018 Newshound/Intel Guru Mnt Goat ...they can also convert the other imported goods and services more to in-country...then these areas too will have much less need for importation and thus also positively effect the currency auctions in the lessening the demand for the US dollar. See the connection? This is also why the need to move from the govt run to the private sectors. They must make this move in their society as a whole and not just in agriculture. Even in agriculture they have not yet make a drastic move but you can see the impacts on the little they have accomplished so far. This all will drive up the VALUE of the dinar against the dollar and secure the value so they can trade it on the open currency markets. [post 2 of 2]
5-12-2018 Newshound/Intel Guru Mnt Goat The news now is all about the elections and the launching the National Development Plan 2018-2022. An amazing article today about the value of the dinar vs the dollar. Quote: “It should be recalled that a group of experts and specialists in financial and economic affairs have been encouraged to process the revaluation of the Iraqi dinar against the value of the dollar and other foreign currencies”. ...this news is brought about from the agriculture sector mainly...as Iraq can now provide staple food for its people and has thus decreased tremendously the food imports from other countries. When this did this they decreased the demand on the US dollar in the currency auctions due to less need to convert dinar to dollars to pay importers. ...See the connection? [post 1 of 2....stay tuned]
5-12-2018 Intel Guru Jester CHINA IS WAITING ON TRUMP TO PULL THE TRIGGER... UNTIL THEY ARE READY TO DO THAT WE WILL BE HERE... ALSO THAT THEY ARE NOT GOING TO TURN THIS LOOSE FOR THE PEOPLE THAT STOLE IT THE FIRST TIME TO STEAL IT AGAIN MORE... THEY HAVE TO HAVE AN IDEA THEIR INVESTMENT IS SECURE... THEY WILL NOT LET IT HAPPEN UNTIL THEN...
5-12-2018 Newshound Guru Kaperoni Today is election day in Iraq. So far, it appears that al-Maliki and his coalition has lost in the elections.
5-12-2018 Newshound Guru chattels Polls are open on Saturday, May 12 from 7am to 6pm across Iraq and the Kurdistan Region as voters elect a new parliament, the first election after ISIS. Al-Abadi is likely to win 60 seats in the parliamentary elections. ...Results within 48 hours they say... [If he wins 60 seats, will that give him a majority?] No sir. [So, he'll need to form a coalition?] Yes sir. [How long do you folks think it will take for Abadi to form a coalition?] There is no certainty that Abadi's coalition will be asked to form a government. The top individual list vote getter has never become PM in Iraq. It all depends upon the coalition(s) formed post election. Maliki's State Of Law Coalition lost out in 2014. Allawi lost out in 2008, etc
5-12-2018 Newshound Guru MilitiaMan Article: “Bank of Iraq won the Excellence Award and best performance of Business Performance in 2017 from MasterCard International.“ ...Mastercard, Financial Inclusion and Electronic Banking (payments). This is out today! ...They are reiterating things, as in education. Guess what else...education of the Citizens and their new currency. They'll be using Bill Boards (presentation boards)...These boards are said to be all over the country now...and will show the Citizens pictures of the notes. There will be no confusion or mistake about it. Thus, in conjunction with that exposure may come the RI or closely thereafter, iho. ...All data like this above supports the process is fully underway and imo coming to an intersection.
5-12-2018 Newshound Guru Kaperoni [Anyone know what the auctions were the last two days?] There were no auctions
5-12-2018 Newshound/Intel Guru Mnt Goat Article: "MINISTRY OF PLANNING ANNOUNCES THE DATE OF LAUNCHING THE IMPLEMENTATION OF THE NATIONAL DEVELOPMENT PLAN 2018-2022" Does this plan also include the final stages of the “project to delete the zeros”? Yes we are told it does and hinges on it in the first stage, as the plan needs it to succeed. Folks we are getting VERY close to this reinstatement.
5-12-2018 Newshound/Intel Guru BGG Article: "Iraqi Police Intercept 31 Boxes of $100 Bills from Iran to Promote Iraqi Puppet" Quote: "The Iraqi Police intercept 31 boxes filled with stacks of $100 bills, smuggled from Iran, into Iraq, to be delivered to Hadi Al-Amari, head of the pro-Khomeiniist regime Badr militia." Talk about COLLUSION!! ...I’ll give you two good guesses as to where these $100 bills came from… (… and the first hint is – it wasn’t DONALD TRUMP).
5-12-2018 Newshound Guru Stryker The Time is no better than Right Now! New Elections, No ISIS Occupation, a New National Development Plan, Modern Banking, New Electronic Transactions, IBAN, SWIFT, etc, etc...
5-11-2018 Newshound Guru Kaperoni Just a few hours to election time. Good luck Abadi.
5-11-2018 Newshound/Intel Guru Mnt Goat Here is how I see it playing out in the next weeks or month: I strongly believe that Haider al-Abadi will be re-elected as the prime minister and will then quickly form his new government, unlike other elections years. Abadi must then go after these corrupt officials to clean out the government. ...As soon as the CBI sees that the new government is stable they will then move ahead again with the project to delete the zeros, thus education campaign and the launching the lower denominations, as needed. When they do this we will see a significant increase the value of the dinar and we go to the bank. It is that simple. So, sit back and relax and pray that no obstacles block it this time. I can not guarantee all will go smooth. We just wait and watch. [post 3 of 3]
5-11-2018 Newshound/Intel Guru Mnt Goat ...So now I am told soon we will be seeing billboards popping up all over Iraq explaining the new category currency. These billboards can NOT be posted until after the elections are over since they will replace the posters from the election candidates. (yet another reason they can’t implement the last of the project to delete the zeros until AFTER the elections)...This news of the new category notes will come all of a sudden and fast and furriest. There will be NO DOUBT in anyone’s minds what they are doing. They told me the news is not so much for us, but we can piggyback off it and learn from it too. ...So...now more evidence today, as to why I believed the reinstatement of the Iraqi dinar would not happen until after the elections are over. [post 2 of 3....stay tuned]
5-11-2018 Guest Guru BobTheTaxMan ...So the institution that you are going to share that with is going to accept that as dinar and they would exchange it for dollars. You would get a receipt showing the exchanged rate. That receipt would then be applied to your Schedule A and you’d get a million dollar write off on your taxes. The neat part is let’s say you did that but your taxes for that year were only $25,000 …whatever is left over from that schedule A on your charitable contributions which wasn’t take that first year is carried forward. And carried forward. And carried forward until it’s all used up. I like that for a strategy simply because I like to prepay for everything. And if I can prepay for my taxes this way, where I’m actually supporting a cause or a belief I have and not have to pay taxes then I would definitely rather do that. Especially when I can carry it forward and carry it forward and carry if forward. It gives me time to manage my new investment differently - better. It’s a consideration. Just be aware in order for that to really work for you, you’re going to have to donate your dinar as dinar… [Post 2 of 2] [NOTE: This is NOT to be considered tax advice in any way. At the appropriate time speak with your own tax and legal professional]
5-11-2018 Newshound/Intel Guru Mnt Goat Tick Tock…Tick Tock - the clock is ticking and so it is one day before election day May 12th and still no RV. In reality Iraq has already started early voting on Wednesday May 9th and so technically they are already in the election. ...READ the NEWS, LISTEN to what the CBI and the GOI are saying...I have been told by my CBI contact over and over again over the many years to listen to what they tell the citizens, as they will be guiding the citizens through this entire transition process to the new currency. [post 1 of 3....stay tuned]
5-11-2018 Guest Guru BobTheTaxMan Because of the new tax law changes…the biggest advantage we have is to donate to charities in order to reduce your taxes…Charitable contributions is going to be one of the biggest chances you have of being able to reduce your taxes…when you choose to do that there are two things you need to be aware of. 1. When you make you contribution as to a non-profit…you want to do it in dinar. Do not do it in dollars. The reason why: If you are going to do it in dollars you have to exchange the dinar into dollars which makes it a taxable event. You have to include that income on your tax returns and then add it into your Schedule A. Who wants to add another million dollars to their income? VERSES if you were to donate dinar, let’s say it was a million dinar and it came out at a dollar (I’m not saying it will…I’m just saying as a number.) Then that will give you a 1 million dollar write off. [Post 1 of 2 Stay tuned for the rest of the story.] [NOTE: This is NOT to be considered tax advice in any way. At the appropriate time speak with your own tax and legal professional]
5-11-2018 Intel Guru Bruce You know Iraq is having their elections Saturday, May 12, 2018... What we are hearing is the percentage of people that will vote for Abadi is around 74 % to 74 ½ %. He is looking really good for reelection. I really think Iraq for the most part has done what it is they need to do. ...There has been some discussion as to why they haven’t had the rate out. I am not sure exactly, but I think we can look forward to the weekend. Let’s put it that way: to the weekend. I want everyone to be confident in where we are in this and know that your time is coming very shortly. [post 2 of 2]
5-11-2018 Intel Guru Bruce We had heard some things the last two to three days to make this thing look like we had it tonight, last night, or the night before...Where I was excited thinking we were right there, we weren’t quite there, but we were close, and now we are even closer. There had to be a few things that had to happen. It was done and things are moving along nicely. There has been discussion why Abadi may or may not have had the rate publicly known yet internationally for the dinar. We have seen some rates on a few screens. We have seen where the program the Economic Development was initiated last Monday. We did get confirmation for that, but for some reason that rate has not been quite put out yet. [post 1 of 2....stay tuned]
5-11-2018 Newshound Guru chattels Article quote: "The results of the general and private voting and the exit will be announced in one package" "Private" voting is a reference to the military and diaspora voting which began yesterday. General voting is tomorrow. One day remaining before the election.
5-11-2018 Newshound Guru Aggiedad77 Article: "Abadi reveals the secret of his refusal to enter the parliamentary elections" Quote: "Iraqi Prime Minister Haidar al-Abadi said on Thursday evening that he refused to participate in a new Iraqi government based on "quotas" WOW THIS ALMOST SOUNDS LIKE TO ME THAT ABADI IS THROWING DOWN A GAUNTLET...IF YOU WANT TO KEEP YOUR OLD WAYS...DO SO WITHOUT ME...IF YOU WANT TO LOOK FORWARD TO PEACE, PROSPERITY, AND IMPROVEMENTS FOR ALL...THEN HANG TOUGH WITH ME...HE'S GOT A PLAN...IMO...WE JUST AREN'T PRIVY TO THE FINAL 2 MINUTES OF PLAY FROM HIM AT THIS POINT...BUT THE END ZONE HAS A CELEBRATORY GROUP ALL AROUND THREE SIDES OF IT...AND THE THUGS ON THE FIELD HAVE DUG IN...BUT AGAIN IMO...THEY WILL BE NO MATCH FOR ALL THAT IS TO COME...SPECTACULAR FINISH I PREDICT...WATCH UNTIL THE GUN SOUNDS...DON'T BLINK..OR YOU MAY MISS A CRITICAL ASPECT.
5-11-2018 Newshound/Intel Guru Mnt Goat Here is how I see it playing out in the next weeks or month: I strongly believe that Haider al-Abadi will be re-elected as the prime minister and will then quickly form his new government, unlike other elections years. Abadi must then go after these corrupt officials to clean out the government. ...As soon as the CBI sees that the new government is stable they will then move ahead again with the project to delete the zeros, thus education campaign and the launching the lower denominations, as needed. When they do this we will see a significant increase the value of the dinar and we go to the bank. It is that simple. So, sit back and relax and pray that no obstacles block it this time. I can not guarantee all will go smooth. We just wait and watch. [post 3 of 3]
5-11-2018 Newshound/Intel Guru Mnt Goat ...So now I am told soon we will be seeing billboards popping up all over Iraq explaining the new category currency. These billboards can NOT be posted until after the elections are over since they will replace the posters from the election candidates. (yet another reason they can’t implement the last of the project to delete the zeros until AFTER the elections)...This news of the new category notes will come all of a sudden and fast and furriest. There will be NO DOUBT in anyone’s minds what they are doing. They told me the news is not so much for us, but we can piggyback off it and learn from it too. ...So...now more evidence today, as to why I believed the reinstatement of the Iraqi dinar would not happen until after the elections are over. [post 2 of 3....stay tuned]
5-11-2018 Guest Guru BobTheTaxMan ...So the institution that you are going to share that with is going to accept that as dinar and they would exchange it for dollars. You would get a receipt showing the exchanged rate. That receipt would then be applied to your Schedule A and you’d get a million dollar write off on your taxes. The neat part is let’s say you did that but your taxes for that year were only $25,000 …whatever is left over from that schedule A on your charitable contributions which wasn’t take that first year is carried forward. And carried forward. And carried forward until it’s all used up. I like that for a strategy simply because I like to prepay for everything. And if I can prepay for my taxes this way, where I’m actually supporting a cause or a belief I have and not have to pay taxes then I would definitely rather do that. Especially when I can carry it forward and carry it forward and carry if forward. It gives me time to manage my new investment differently - better. It’s a consideration. Just be aware in order for that to really work for you, you’re going to have to donate your dinar as dinar… [Post 2 of 2] [NOTE: This is NOT to be considered tax advice in any way. At the appropriate time speak with your own tax and legal professional]
5-11-2018 Newshound/Intel Guru Mnt Goat Tick Tock…Tick Tock - the clock is ticking and so it is one day before election day May 12th and still no RV. In reality Iraq has already started early voting on Wednesday May 9th and so technically they are already in the election. ...READ the NEWS, LISTEN to what the CBI and the GOI are saying...I have been told by my CBI contact over and over again over the many years to listen to what they tell the citizens, as they will be guiding the citizens through this entire transition process to the new currency. [post 1 of 3....stay tuned]
5-11-2018 Guest Guru BobTheTaxMan Because of the new tax law changes…the biggest advantage we have is to donate to charities in order to reduce your taxes…Charitable contributions is going to be one of the biggest chances you have of being able to reduce your taxes…when you choose to do that there are two things you need to be aware of. 1. When you make you contribution as to a non-profit…you want to do it in dinar. Do not do it in dollars. The reason why: If you are going to do it in dollars you have to exchange the dinar into dollars which makes it a taxable event. You have to include that income on your tax returns and then add it into your Schedule A. Who wants to add another million dollars to their income? VERSES if you were to donate dinar, let’s say it was a million dinar and it came out at a dollar (I’m not saying it will…I’m just saying as a number.) Then that will give you a 1 million dollar write off. [Post 1 of 2 Stay tuned for the rest of the story.] [NOTE: This is NOT to be considered tax advice in any way. At the appropriate time speak with your own tax and legal professional]
5-11-2018 Intel Guru Bruce You know Iraq is having their elections Saturday, May 12, 2018... What we are hearing is the percentage of people that will vote for Abadi is around 74 % to 74 ½ %. He is looking really good for reelection. I really think Iraq for the most part has done what it is they need to do. ...There has been some discussion as to why they haven’t had the rate out. I am not sure exactly, but I think we can look forward to the weekend. Let’s put it that way: to the weekend. I want everyone to be confident in where we are in this and know that your time is coming very shortly. [post 2 of 2]
5-11-2018 Intel Guru Bruce We had heard some things the last two to three days to make this thing look like we had it tonight, last night, or the night before...Where I was excited thinking we were right there, we weren’t quite there, but we were close, and now we are even closer. There had to be a few things that had to happen. It was done and things are moving along nicely. There has been discussion why Abadi may or may not have had the rate publicly known yet internationally for the dinar. We have seen some rates on a few screens. We have seen where the program the Economic Development was initiated last Monday. We did get confirmation for that, but for some reason that rate has not been quite put out yet. [post 1 of 2....stay tuned]
5-11-2018 Newshound Guru chattels Article quote: "The results of the general and private voting and the exit will be announced in one package" "Private" voting is a reference to the military and diaspora voting which began yesterday. General voting is tomorrow. One day remaining before the election.
5-11-2018 Newshound Guru Aggiedad77 Article: "Abadi reveals the secret of his refusal to enter the parliamentary elections" Quote: "Iraqi Prime Minister Haidar al-Abadi said on Thursday evening that he refused to participate in a new Iraqi government based on "quotas" WOW THIS ALMOST SOUNDS LIKE TO ME THAT ABADI IS THROWING DOWN A GAUNTLET...IF YOU WANT TO KEEP YOUR OLD WAYS...DO SO WITHOUT ME...IF YOU WANT TO LOOK FORWARD TO PEACE, PROSPERITY, AND IMPROVEMENTS FOR ALL...THEN HANG TOUGH WITH ME...HE'S GOT A PLAN...IMO...WE JUST AREN'T PRIVY TO THE FINAL 2 MINUTES OF PLAY FROM HIM AT THIS POINT...BUT THE END ZONE HAS A CELEBRATORY GROUP ALL AROUND THREE SIDES OF IT...AND THE THUGS ON THE FIELD HAVE DUG IN...BUT AGAIN IMO...THEY WILL BE NO MATCH FOR ALL THAT IS TO COME...SPECTACULAR FINISH I PREDICT...WATCH UNTIL THE GUN SOUNDS...DON'T BLINK..OR YOU MAY MISS A CRITICAL ASPECT.
5-10-2018 Newshound Guru MilitiaMan Article: "Karim Tamimi calls on parties and candidates to abide by the silence of the media" Quote: "the media silence will begin at 7 am on Friday 11/5/2018, twenty-four hours before the start of the polling day, which will start at seven o'clock on Saturday 12/5/2018." I wonder if the 24 hour silence is also in synchronization for other notifications. I wouldn't be surprised for that to be very plausible. imo.? hmmm Lets not also forget that Electronic Payments started today on Mastercard...
5-10-2018 Newshound Guru BobTheTaxMan Number 1. Ordinary income vs. capital gains. It will be treated as ordinary income. Period. exclamation mark! Number 2. Some people have stated, “What I’m going to do to reduce taxes is I’m going to move to a state that does not have income tax. “ There are several states…that do not have income tax…those states that do not have an income tax make up for it in other ways. Usually it’s going to be on property taxes, or it’s going to be a gas tax, sin tax…sales tax. They are going to tax things heavily to compensate and make up for not having a particular income tax…It is hardly worth it, except for certain states, New York, California, Oregon is another that has a high tax rate, Hawaii. Those states there are really high on their taxes…those are a consideration but to move to a state only because it doesn’t have income tax is a beguiling misdirection. I would strongly encourage you to before you take that kind of a step to spend the time to research everything about that state…How are their economic needs being met? [NOTE: This is NOT to be considered tax advice. At the appropriate time speak with your own tax and legal professional]
5-10-2018 Intel Guru Footforward I'm not wondering if this will happen. I whole heartedly believe it will...
5-10-2018 Newshound Guru Aggiedad77 THERE HAS CERTAINLY BEEN A LONG STRING OF GREAT NEWS ARTICLES OVER THE PAST FEW DAYS...WHAT I PERSONALLY FIND ENCOURAGING BY IT ALL...IS HOW IMO THE IRAQI COUNCIL OF MINISTERS (COM) AND A NUMBER OF KEY IRAQI MINISTRIES ARE MAKING IMPORTANT PROGRAM CHANGES AND ENHANCEMENTS RIGHT IN THE FACE OF THE UPCOMING ELECTIONS...THEY SEEM TO "KNOW" THERE WILL BE NO CHANGE IN LEADERSHIP...THEY SEEM TO KNOW THAT ABADI WILL BE LEADING THEIR COUNTRY INTO AN ERA OF GREATNESS...THEY WANT TO BE ONBOARD WITH THAT PROCESS AND BE SEEN AS A PRO-ACTIVE MEMBER OF WHAT WILL TRANSPIRE...SO MANY GREAT PROGRAMS IN THE WORKS...READY... AIM... FIRE...RELOAD...WE USED TO SAY...THE BEST OF THE BEST IS POISED TO MAKE ITS MARK ON HISTORY...ALL IMO...VERY STRONG OPINION.
5-10-2018 Newshound Guru BobTheTaxMan Number 1. Ordinary income vs. capital gains. It will be treated as ordinary income. Period. exclamation mark! Number 2. Some people have stated, “What I’m going to do to reduce taxes is I’m going to move to a state that does not have income tax. “ There are several states…that do not have income tax…those states that do not have an income tax make up for it in other ways. Usually it’s going to be on property taxes, or it’s going to be a gas tax, sin tax…sales tax. They are going to tax things heavily to compensate and make up for not having a particular income tax…It is hardly worth it, except for certain states, New York, California, Oregon is another that has a high tax rate, Hawaii. Those states there are really high on their taxes…those are a consideration but to move to a state only because it doesn’t have income tax is a beguiling misdirection. I would strongly encourage you to before you take that kind of a step to spend the time to research everything about that state…How are their economic needs being met? [NOTE: This is NOT to be considered tax advice. At the appropriate time speak with your own tax and legal professional]
5-10-2018 Intel Guru Footforward I'm not wondering if this will happen. I whole heartedly believe it will...
5-10-2018 Newshound Guru Aggiedad77 THERE HAS CERTAINLY BEEN A LONG STRING OF GREAT NEWS ARTICLES OVER THE PAST FEW DAYS...WHAT I PERSONALLY FIND ENCOURAGING BY IT ALL...IS HOW IMO THE IRAQI COUNCIL OF MINISTERS (COM) AND A NUMBER OF KEY IRAQI MINISTRIES ARE MAKING IMPORTANT PROGRAM CHANGES AND ENHANCEMENTS RIGHT IN THE FACE OF THE UPCOMING ELECTIONS...THEY SEEM TO "KNOW" THERE WILL BE NO CHANGE IN LEADERSHIP...THEY SEEM TO KNOW THAT ABADI WILL BE LEADING THEIR COUNTRY INTO AN ERA OF GREATNESS...THEY WANT TO BE ONBOARD WITH THAT PROCESS AND BE SEEN AS A PRO-ACTIVE MEMBER OF WHAT WILL TRANSPIRE...SO MANY GREAT PROGRAMS IN THE WORKS...READY... AIM... FIRE...RELOAD...WE USED TO SAY...THE BEST OF THE BEST IS POISED TO MAKE ITS MARK ON HISTORY...ALL IMO...VERY STRONG OPINION.
5-9-2018 Newshound Guru BobTheTaxMan …We are not in the business of exchanging dinar. We don’t have a clearance for the date of exchange. We don’t have any of that stuff. We are just holders, anticipating it’s going to come to fruition. The other one people get confused on is…If you went to travel and packed up and went to Iraq for a visit and you had some dinar with you when you came back, there was some left in your pocket and it increase in value…if it exceeded $200 of travel money then that would be considered as capital gains. It also meant you weren’t traveling with 10’s of millions of dinar. Alright? It’s just travel money. I can assure you I have checked with so many places. I have checked with well established CPA firms and attorneys. I have had professional financial planners contact their tax attorneys and they all come back with the same thing. It [Dinar] will be treated as ordinary income. [Post 2 of 2] [NOTE: This is NOT to be considered tax advice. At the appropriate time speak with your own tax and legal professional]
5-9-2018 Newshound Guru BobTheTaxMan …The advantage of the 2018 tax laws...are so beneficial to the dinar. It’s like crazy beneficial…it changes entirely how you’re going to handle your dinar…A lot of people have been caught up in misinformation about how is the dinar going to be taxed. So you understand it simply - The dinar is a currency which you have purchased, which you’ve got holding in a spot somewhere, whether it’s in a safely deposit box or under your mattress or somewhere you buried in the backyard in a coffee can, whatever you’ve done with it, it’s sitting there. There is no determined exchange date so we don’t have a contract, which means we don’t get to take advantage of the benefits of that because we don’t have a contract. We are not professional FOREX exchangers…They have a distinct advantage. In their world 60% of whatever they exchange is treated as capital gains and 40% at ordinary income. In our case we do not fit… [Post 1 of 2 Stay tuned for the rest of the story] [NOTE: This is NOT to be considered tax advice...At the appropriate time speak with your own tax and legal professionals.]
5-9-2018 Intel Guru Bruce ...We are also hearing Iraq will have a rate out tomorrow morning...that their ATMS will be turned on. Their lower denominations have been loaded in them for awhile, and they will be accessible, available. Iraq should be rocking and rolling tomorrow morning. I think the Forex rates that were sent over to us Sunday night or Monday have been finally approved here. These rates came over from London. We are getting the impression the rates are not only been approved, but are solid, no rates flashing. That is good. They have decided everything is in Go Mode...the last the latest information I got...came from sophisticated bankers from New York was that this was going down shortly. We do not know what that means exactly, but I feel very confident where we sit...I am feeling very good with the timing where we are. [post 2 of 2]
5-9-2018 Intel Guru Bruce ...so much information between Thursday and was pointing to this already happening. ...Ultimately it seems it comes down to Iraq. Are they ready? ...Here is what Iraq is doing starting tomorrow [Wednesday] morning in Iraq...they have a...brand new Economic Development Program which starts tomorrow. It is a five year program. It involves so far 57 countries, 360 companies. If you were going to start that program tomorrow and go 5 years with it, wouldn’t it be a good idea to have your currency at an internationally tradable rate? ...It is crucial they have that rate out tomorrow before they start this program which is due to start tomorrow. The other thing is the Qi cards that are new, the Visa cards, that have the oil revenue sharing money on them ...Those funds are accessible and usable tomorrow [Wednesday] morning. [post 1 of 2....stay tuned]
5-9-2018 Newshound/Intel Guru BGG Article: "Abadi: The corrupt have become restless" Quote: “the corrupt were pressing for the collapse of the dinar prices and work to raise prices, but failed to do so,” asserting his quest for “a new renaissance of Iraq to restore its past and even better.” I have to think – with the context of his commentary in this article focused on the value of the Dinar, Abadi has something planned for after the elections. I’m not exactly sure what he’s talking about here… but it sounds good to me!
5-9-2018 Newshound Guru Kaperoni Dollars are being sucked up right now in Iran. As well, the Rial has dropped to 67,000 to one US dollar. We're going to have to keep a close watch on the CBI over the next few weeks Iran has a tendency to suck dollars out of Iraq when it needs them and this could affect the spread. Course if this happens is bad for the CBI cuz it'll affect its reserves as well it'll knock the spread out of whack with the IMF forcing them to start over again on the 3 month compliance. Hopefully Iran's weak currency and lack of dollars does not affect the CBI. They must be pretty confident since they are liberalizing even more. Remember the IMF and US Treasury helped them figure out how to get the spread within compliance last fall.
5-9-2018 Newshound Guru BobTheTaxMan …The advantage of the 2018 tax laws...are so beneficial to the dinar. It’s like crazy beneficial…it changes entirely how you’re going to handle your dinar…A lot of people have been caught up in misinformation about how is the dinar going to be taxed. So you understand it simply - The dinar is a currency which you have purchased, which you’ve got holding in a spot somewhere, whether it’s in a safely deposit box or under your mattress or somewhere you buried in the backyard in a coffee can, whatever you’ve done with it, it’s sitting there. There is no determined exchange date so we don’t have a contract, which means we don’t get to take advantage of the benefits of that because we don’t have a contract. We are not professional FOREX exchangers…They have a distinct advantage. In their world 60% of whatever they exchange is treated as capital gains and 40% at ordinary income. In our case we do not fit… [Post 1 of 2 Stay tuned for the rest of the story] [NOTE: This is NOT to be considered tax advice...At the appropriate time speak with your own tax and legal professionals.]
5-9-2018 Intel Guru Bruce ...We are also hearing Iraq will have a rate out tomorrow morning...that their ATMS will be turned on. Their lower denominations have been loaded in them for awhile, and they will be accessible, available. Iraq should be rocking and rolling tomorrow morning. I think the Forex rates that were sent over to us Sunday night or Monday have been finally approved here. These rates came over from London. We are getting the impression the rates are not only been approved, but are solid, no rates flashing. That is good. They have decided everything is in Go Mode...the last the latest information I got...came from sophisticated bankers from New York was that this was going down shortly. We do not know what that means exactly, but I feel very confident where we sit...I am feeling very good with the timing where we are. [post 2 of 2]
5-9-2018 Intel Guru Bruce ...so much information between Thursday and was pointing to this already happening. ...Ultimately it seems it comes down to Iraq. Are they ready? ...Here is what Iraq is doing starting tomorrow [Wednesday] morning in Iraq...they have a...brand new Economic Development Program which starts tomorrow. It is a five year program. It involves so far 57 countries, 360 companies. If you were going to start that program tomorrow and go 5 years with it, wouldn’t it be a good idea to have your currency at an internationally tradable rate? ...It is crucial they have that rate out tomorrow before they start this program which is due to start tomorrow. The other thing is the Qi cards that are new, the Visa cards, that have the oil revenue sharing money on them ...Those funds are accessible and usable tomorrow [Wednesday] morning. [post 1 of 2....stay tuned]
5-9-2018 Newshound/Intel Guru BGG Article: "Abadi: The corrupt have become restless" Quote: “the corrupt were pressing for the collapse of the dinar prices and work to raise prices, but failed to do so,” asserting his quest for “a new renaissance of Iraq to restore its past and even better.” I have to think – with the context of his commentary in this article focused on the value of the Dinar, Abadi has something planned for after the elections. I’m not exactly sure what he’s talking about here… but it sounds good to me!
5-9-2018 Newshound Guru Kaperoni Dollars are being sucked up right now in Iran. As well, the Rial has dropped to 67,000 to one US dollar. We're going to have to keep a close watch on the CBI over the next few weeks Iran has a tendency to suck dollars out of Iraq when it needs them and this could affect the spread. Course if this happens is bad for the CBI cuz it'll affect its reserves as well it'll knock the spread out of whack with the IMF forcing them to start over again on the 3 month compliance. Hopefully Iran's weak currency and lack of dollars does not affect the CBI. They must be pretty confident since they are liberalizing even more. Remember the IMF and US Treasury helped them figure out how to get the spread within compliance last fall.
5-8-2018 Intel/Newshound Guru Frank But something significant is going to happen on Wednesday. I think on Wednesday they are going to light the fuse to everything, IMO! Alak said, “We are ready to introduce the new small notes.” BOOM!
5-8-2018 Newshound Guru Chattels [wouldnt their value of dinar increase since value of oil increased since thats all they export?] Oil income is not sufficient to fund a substantial increase in the value of the dinar many would argue. [i wonder what kind of precious metals they export as well?] Could not be much as historically oil is 90-95% of their revenues…Iraq's budget when oil was $ 100 + / barrel was never more than about 130 billion.
5-8-2018 Intel/Newshound Guru Delta They have the plan, they have the date. Abadi…get 1000% if he pulls the trigger before the election…if your in Abadi’s shoes…Alak’s…if he has the power probably pull the trigger before the election. We have to keep in mind, May 15 is Ramadan. Based on past experience Iraqi’s never do monetary exchanges during Ramadan. That takes us into June…If you do it just before the election, a lot of people will remember that! I agree with you [Guru Frank], Wednesday must be one of the biggest days in Iraq! My final thoughts, we are on the verge of something really big happening to all of us. This time, all indications showing this is not a false alarm. . .
5-8-2018 Newshound Guru Mnt Goat Article: "IMPLEMENTATION OF ARTICLE 140 OF THE IRAQI CONSTITUTION IS A PRIORITY" Quote: "...THE MAIN TASK OF THEIR MPS IN BAGHDAD AFTER THE MAY 12 ELECTION WILL BE WORKING ON THE IMPLEMENTATION OF THE ARTICLE 140." So we see it first hand in this article status of Article 140 law. We know article 140 is needed to RV and they are telling us this is not to happen until AFTER the elections. So when do you think the RV has a best chance of going? ...here it is folks, they are telling us.
5-8-2018 Intel Guru Frank26 [via sunny] Last Monday thousands of citizens picked up International Visa cards. They are International and they are reinstating their currency! They have prepared certain things with no three zero’s in them. In the budget, in the payment salaries, in the currency rate. BTW oil is about to go insane. Prepare to pay at the pump... oil to reach $100. I don’t know if the billboards will be released on Wed. but I do know the 5 year financial plan will be released...Exchange centers and banks are on the cusp of the RI and they understand it. Banks all over the world have increased their reserves. [post 3 of 3]
5-8-2018 Intel Guru Frank26 [via sunny] IMO, they are about to describe the RI of the IQD and description of the lower notes to the world! Does not appear to me to give any reason for any further delay. They have met with Central bank governors of the world. IMO this is pushing the button of the launch and the receiver has the ball in the end zone! The CBI governor of Iraq (Alak) has said he is ready to distribute the LD’s. I don’t know when. He has not said when. Realize, soon can be a few days or a few weeks, but I really doubt it would be the end of the month. The CBI will be sending texts...through mobile phones...to the citizens about the new currency...new electronic banking...ATM’s. [post 2 of 3....stay tuned]
5-8-2018 Intel Guru Frank26 [via sunny] Five year plan launches on Wednesday. The CBI has held meetings around the world and in those meetings, given the description and shown pictures of the lower denom’s, the smaller notes...New currency is the lower denom’s. ...Expect to see large easel boards or small billboards all around Iraq with the description and pictures of the lower denom’s as they continue to educate the citizens. The pictures will be of the front and back of these smaller notes. The description and photographs on these billboards - are of ALL the lower denom’s to come out. (Not just the 200’s, 50’s, but all the smaller notes)... [Guru] Walkingstick has 6 banks, 16 ATM machines. WS firm will have these signs all over the place. Their 500 employees will all see them. IMO, this will be happening soon. It’s the next step and it’s coming. [post 1 of 3....stay tuned]
5-8-2018 Newshound Guru chattels "Iraq's Constitution of 2005 Article 1: The Republic of Iraq is a single, independent federal state with full sovereignty. Its system of government is republican, representative, Parliamentary and democratic. This Constitution is the guarantor of its unity." The Iraqi PM is not directly elected by the people. He is elected from the largest coalition upon designation by the President of Iraq and a vote by the Parliament...parliamentary system, not a presidential system.
5-8-2018 Newshound Guru Chattels [wouldnt their value of dinar increase since value of oil increased since thats all they export?] Oil income is not sufficient to fund a substantial increase in the value of the dinar many would argue. [i wonder what kind of precious metals they export as well?] Could not be much as historically oil is 90-95% of their revenues…Iraq's budget when oil was $ 100 + / barrel was never more than about 130 billion.
5-8-2018 Intel/Newshound Guru Delta They have the plan, they have the date. Abadi…get 1000% if he pulls the trigger before the election…if your in Abadi’s shoes…Alak’s…if he has the power probably pull the trigger before the election. We have to keep in mind, May 15 is Ramadan. Based on past experience Iraqi’s never do monetary exchanges during Ramadan. That takes us into June…If you do it just before the election, a lot of people will remember that! I agree with you [Guru Frank], Wednesday must be one of the biggest days in Iraq! My final thoughts, we are on the verge of something really big happening to all of us. This time, all indications showing this is not a false alarm. . .
5-8-2018 Newshound Guru Mnt Goat Article: "IMPLEMENTATION OF ARTICLE 140 OF THE IRAQI CONSTITUTION IS A PRIORITY" Quote: "...THE MAIN TASK OF THEIR MPS IN BAGHDAD AFTER THE MAY 12 ELECTION WILL BE WORKING ON THE IMPLEMENTATION OF THE ARTICLE 140." So we see it first hand in this article status of Article 140 law. We know article 140 is needed to RV and they are telling us this is not to happen until AFTER the elections. So when do you think the RV has a best chance of going? ...here it is folks, they are telling us.
5-8-2018 Intel Guru Frank26 [via sunny] Last Monday thousands of citizens picked up International Visa cards. They are International and they are reinstating their currency! They have prepared certain things with no three zero’s in them. In the budget, in the payment salaries, in the currency rate. BTW oil is about to go insane. Prepare to pay at the pump... oil to reach $100. I don’t know if the billboards will be released on Wed. but I do know the 5 year financial plan will be released...Exchange centers and banks are on the cusp of the RI and they understand it. Banks all over the world have increased their reserves. [post 3 of 3]
5-8-2018 Intel Guru Frank26 [via sunny] IMO, they are about to describe the RI of the IQD and description of the lower notes to the world! Does not appear to me to give any reason for any further delay. They have met with Central bank governors of the world. IMO this is pushing the button of the launch and the receiver has the ball in the end zone! The CBI governor of Iraq (Alak) has said he is ready to distribute the LD’s. I don’t know when. He has not said when. Realize, soon can be a few days or a few weeks, but I really doubt it would be the end of the month. The CBI will be sending texts...through mobile phones...to the citizens about the new currency...new electronic banking...ATM’s. [post 2 of 3....stay tuned]
5-8-2018 Intel Guru Frank26 [via sunny] Five year plan launches on Wednesday. The CBI has held meetings around the world and in those meetings, given the description and shown pictures of the lower denom’s, the smaller notes...New currency is the lower denom’s. ...Expect to see large easel boards or small billboards all around Iraq with the description and pictures of the lower denom’s as they continue to educate the citizens. The pictures will be of the front and back of these smaller notes. The description and photographs on these billboards - are of ALL the lower denom’s to come out. (Not just the 200’s, 50’s, but all the smaller notes)... [Guru] Walkingstick has 6 banks, 16 ATM machines. WS firm will have these signs all over the place. Their 500 employees will all see them. IMO, this will be happening soon. It’s the next step and it’s coming. [post 1 of 3....stay tuned]
5-8-2018 Newshound Guru chattels "Iraq's Constitution of 2005 Article 1: The Republic of Iraq is a single, independent federal state with full sovereignty. Its system of government is republican, representative, Parliamentary and democratic. This Constitution is the guarantor of its unity." The Iraqi PM is not directly elected by the people. He is elected from the largest coalition upon designation by the President of Iraq and a vote by the Parliament...parliamentary system, not a presidential system.
5-7-2018 Newshound Guru Mnt Goat Article: "WHAT KEEPS THE EXCHANGE RATES OF THE DOLLAR AND THE REST OF THE FOREIGN CURRENCIES AGAINST THE EXCHANGE RATE OF THE IRAQI DINAR RELATIVELY HIGH?" ...we know that Iraq right now is still 95% govt run entities. We know the Govt just paid the farmers for the harvest of the crops...hundreds of millions of dollars. So we can...see that not having to import so much can lead to not having to exchange the dinar for the dollar so much, thus leads to a higher rate for the dinar. This harvest just helped to control the rate of the dinar and keep it high. Now if Iraq can export these products this could substantially increase the value of the dinar. This is coming...
5-7-2018 Newshound Guru MilitiaMan Article: "National Bank announces the completion of the electronic system for the completion of transactions" This article...is after review...telling us the National Bank has completed the electronic testing for the system that took a period of three months. They are all done, as it is now set for the completion or facilitation of transactions for pensioners, employees, etc...They are telling the citizens it is safe. ...the final stage is crucial and it needs to be told to the citizens specifically and in those specifics, imo is the date and rate, and with security and stability. They sure look to be say that they meet that criteria now. ...The above is now adopted into an activation state of being imo...
5-7-2018 Newshound Guru Kaperoni Based on our compliance countdown counter, Iraq has 38 more days to meet IMF compliance of the 3 month rule. What this means is that they have to maintain the spread of 2% or less for 38 more days. [Note: The market rate and the official rate can be found in the Dinar Guru Resource Bar on the left of this page]
5-7-2018 Newshound/Intel Guru Mnt Goat Article: "MINISTRY OF PLANNING ANNOUNCES THE DATE OF LAUNCHING THE IMPLEMENTATION OF THE NATIONAL DEVELOPMENT PLAN 2018-2022" ...does this plan also include the final stages of the “project to delete the zeros”? Yes we are told it does and hinges on it in the first stage, as the plan needs it to succeed. Folks we are getting VERY close to this reinstatement.
5-7-2018 Newshound Guru Kaperoni There are people that own dinar that are just learning about the 2% compliance requirement from the IMF...This information is not secret it's posted in the Article IV Consultations from the IMF. There are some that try to avoid it by saying it doesn't apply or it's outdated. The fact is it's been stated in the Article IV Consultation in 2012, again in 2015 and the most recent September of 2017.
5-7-2018 Newshound Guru chattels Article quote: "Security forces in Babel have entered a state of ultimatum with the participation of more than "20,000" security elements to secure the general elections to be held next Saturday (May 12th)." 5 days remaining until the election. Maliki went to court to try to stop the use of electronic voting machines. Latest try by ruling parties to get rid of devices.
5-7-2018 Intel Guru Delta Article: "Monetary stability and financial inclusion" I DID READ IT IN ARABIC THE LAST PART IS SAYING THAT THE REAL VALUE WILL BE REVEALED IN THE COMING DAYS...
5-7-2018 Newshound Guru MilitiaMan Article: "National Bank announces the completion of the electronic system for the completion of transactions" The...article tells it plain and simple the system has been tested and...have overcome many challenges along the way... Article: "Monetary stability and financial inclusion" They are imo...are saying to us they are in fact activating the MR of the IQD. The are depending on the Dinar, they are telling us they are ceasing Multi Currency Practices, as they have the rate in a very tight non profitable manner. They even...go so far as to tell you straight up that the value of the Dollar is lower than the value of the Dinar...We are told they are bringing in NEW Currency. E-Dinar is not going to be at a program rate. E- Dinar equates to LDs with that technology in place...imo! ...Imo All are ready to be activated, as they are syncronized now, imo.
5-7-2018 Newshound Guru MilitiaMan Article: "National Bank announces the completion of the electronic system for the completion of transactions" This article...is after review...telling us the National Bank has completed the electronic testing for the system that took a period of three months. They are all done, as it is now set for the completion or facilitation of transactions for pensioners, employees, etc...They are telling the citizens it is safe. ...the final stage is crucial and it needs to be told to the citizens specifically and in those specifics, imo is the date and rate, and with security and stability. They sure look to be say that they meet that criteria now. ...The above is now adopted into an activation state of being imo...
5-7-2018 Newshound Guru Kaperoni Based on our compliance countdown counter, Iraq has 38 more days to meet IMF compliance of the 3 month rule. What this means is that they have to maintain the spread of 2% or less for 38 more days. [Note: The market rate and the official rate can be found in the Dinar Guru Resource Bar on the left of this page]
5-7-2018 Newshound/Intel Guru Mnt Goat Article: "MINISTRY OF PLANNING ANNOUNCES THE DATE OF LAUNCHING THE IMPLEMENTATION OF THE NATIONAL DEVELOPMENT PLAN 2018-2022" ...does this plan also include the final stages of the “project to delete the zeros”? Yes we are told it does and hinges on it in the first stage, as the plan needs it to succeed. Folks we are getting VERY close to this reinstatement.
5-7-2018 Newshound Guru Kaperoni There are people that own dinar that are just learning about the 2% compliance requirement from the IMF...This information is not secret it's posted in the Article IV Consultations from the IMF. There are some that try to avoid it by saying it doesn't apply or it's outdated. The fact is it's been stated in the Article IV Consultation in 2012, again in 2015 and the most recent September of 2017.
5-7-2018 Newshound Guru chattels Article quote: "Security forces in Babel have entered a state of ultimatum with the participation of more than "20,000" security elements to secure the general elections to be held next Saturday (May 12th)." 5 days remaining until the election. Maliki went to court to try to stop the use of electronic voting machines. Latest try by ruling parties to get rid of devices.
5-7-2018 Intel Guru Delta Article: "Monetary stability and financial inclusion" I DID READ IT IN ARABIC THE LAST PART IS SAYING THAT THE REAL VALUE WILL BE REVEALED IN THE COMING DAYS...
5-7-2018 Newshound Guru MilitiaMan Article: "National Bank announces the completion of the electronic system for the completion of transactions" The...article tells it plain and simple the system has been tested and...have overcome many challenges along the way... Article: "Monetary stability and financial inclusion" They are imo...are saying to us they are in fact activating the MR of the IQD. The are depending on the Dinar, they are telling us they are ceasing Multi Currency Practices, as they have the rate in a very tight non profitable manner. They even...go so far as to tell you straight up that the value of the Dollar is lower than the value of the Dinar...We are told they are bringing in NEW Currency. E-Dinar is not going to be at a program rate. E- Dinar equates to LDs with that technology in place...imo! ...Imo All are ready to be activated, as they are syncronized now, imo.
5-6-2018 Newshound Guru Kaperoni There are significant risks to opening the capital account before adopting a flexible exchange rate therefore a float is the only option in this situation. This is also why there cannot be a RI or RV of te dinar. Not to mention, the significant amount of dinar exceeding 60 trillion (which is somewhere around 36 trillion or double the world’s money supply in circulation) that can only be reduced gradually as the dinar appreciates. The only option is a float. [post 4 of 4]
5-6-2018 Newshound Guru Kaperoni The dinar was devalued to 1,184 per U.S dollar in 2015 December 2015 This is for ease of monitoring through out the 3 year agreement remaining pegged to the dollar...the exchange rate is real, not artificial or temporary. It is sound monetary policy executed over the years by the Central Bank of Iraq and at time with guidance from the IMF. The next stage will be as designated from the IMF. To move to Article VIII upon formal compliance of these measures instituted over the past 3 years. The move is designed send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of MCPs and restrictions for current international transactions and thus facilitate creation of a favorable business climate. The peg anchor must also change at that time moving to great exchange rate flexibility which will provide to the CBI additional flexibility in response to external shocks, including large and volatile capital flows (the plan for private investment). This is critical for the CBI to introduce its market maker roll by floating the dinar allow the opening of the CBI’s capital account. [post 3 of 4....stay tuned]
5-6-2018 Newshound Guru Kaperoni Over the next year, the dinar strengthened as the CBI instituted a managed float to combat inflation reducing the exchange rate to 1500 to $1 USD range. The Central Bank Law was drafted and adopted, presumably with advice from Coalition and IMF advisors, to prohibit Iraq from adopting a currency board. Nevertheless, from about February 2004 through September 2006, the Central Bank of Iraq stabilized the dinar against the dollar at about 1200 and introduced daily sales of dollars to meet demand through it’s daily currency auction. The International Monetary Fund (IMF) endorsed the stable dinar policy in
5-6-2018 Newshound Guru Kaperoni The dinar was devalued to 1,184 per U.S dollar in 2015 December 2015 This is for ease of monitoring through out the 3 year agreement remaining pegged to the dollar...the exchange rate is real, not artificial or temporary. It is sound monetary policy executed over the years by the Central Bank of Iraq and at time with guidance from the IMF. The next stage will be as designated from the IMF. To move to Article VIII upon formal compliance of these measures instituted over the past 3 years. The move is designed send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of MCPs and restrictions for current international transactions and thus facilitate creation of a favorable business climate. The peg anchor must also change at that time moving to great exchange rate flexibility which will provide to the CBI additional flexibility in response to external shocks, including large and volatile capital flows (the plan for private investment). This is critical for the CBI to introduce its market maker roll by floating the dinar allow the opening of the CBI’s capital account. [post 3 of 4....stay tuned]
5-6-2018 Newshound Guru Kaperoni Over the next year, the dinar strengthened as the CBI instituted a managed float to combat inflation reducing the exchange rate to 1500 to $1 USD range. The Central Bank Law was drafted and adopted, presumably with advice from Coalition and IMF advisors, to prohibit Iraq from adopting a currency board. Nevertheless, from about February 2004 through September 2006, the Central Bank of Iraq stabilized the dinar against the dollar at about 1200 and introduced daily sales of dollars to meet demand through it’s daily currency auction. The International Monetary Fund (IMF) endorsed the stable dinar policy in