1-20-2019 Intel Guru RayRen98 I do not believe the NSA is involved in such a manner as some are suggesting... The BIS appears to be a likely reason the "activity" hasn't commenced yet. Even though banks are closed on Monday for the holiday, it is expected that progress reports may become self-evident on that day. Iraqi TV is broadcasting that Iraq's doors are open to the world...this is considered as an effort to obtain world-wide investors. Time Will Tell!!!
1-20-2019 Newshound/Intel Guru Mnt Goat You all want to know what is holding up the Iraq dinar reinstatement? ...We have heard the paperwork is all completed, the approvals given. Even the codes to release the funds necessary for the exchanges to take place are out. Yet...here we sit still waiting. ...So the excuse given once again? We are hearing that it is once again...a matter of "National Security" as the NSA stopped the final trigger. As they have done so many times in the past. I am certainly not one to call the RV every day or every weekend but I know without a shadow of a doubt that this time it was supposed to go. Yes, it was planned for...Jan 19th 2019 exact timing unknown. The Central Bank of Iraq is reporting that "this is getting old" and that something must be done. They need their currency to move ahead with the reconstruction funding payments...
1-20-2019 Newshound Guru Kirk H. Sowell So another parliament session with cabinet votes not on the schedule. The deadlock continues.
1-20-2019 Newshound/Intel Guru Mnt Goat You all want to know what is holding up the Iraq dinar reinstatement? ...We have heard the paperwork is all completed, the approvals given. Even the codes to release the funds necessary for the exchanges to take place are out. Yet...here we sit still waiting. ...So the excuse given once again? We are hearing that it is once again...a matter of "National Security" as the NSA stopped the final trigger. As they have done so many times in the past. I am certainly not one to call the RV every day or every weekend but I know without a shadow of a doubt that this time it was supposed to go. Yes, it was planned for...Jan 19th 2019 exact timing unknown. The Central Bank of Iraq is reporting that "this is getting old" and that something must be done. They need their currency to move ahead with the reconstruction funding payments...
1-20-2019 Newshound Guru Kirk H. Sowell So another parliament session with cabinet votes not on the schedule. The deadlock continues.
1-19-2019 Newshound/Intel Guru Mnt Goat 2014 Article: "IRAQI DINAR REVALUATION POSTPONED BY CENTRAL BANK FOR 5 YEARS SAYS MP NOURA AL-BAJARI" This article shows us two things: 1)that the policy to delete the zeros is now ready to go by 2014 (remember in 2008-2011 they were NOT ready.) So what has changed? All the efforts of banking and financial reforms under Abadi, I quote from the article – “THE POLICY TO DELETE ZEROS FROM THE IRAQI CURRENCY IS READY TO BE EXECUTED BY THE CENTRAL BANK“ 2) it shows us that the ISIS invasion in 2014 postponed the project even tough the CBI was ready. They projected a 5 year wait afterwards to do it. This brings us to 2019. Right? I quote from the article – “Central Bank although it will be delayed by five years given the political and security situation of Iraq.”
1-19-2019 Newshound Guru Kaperoni I try to tell people that the CBI needs to make money. A RV or RI could never happen because it circumvents those CBI principals. A float not only is a tool to relieve pressure created by an influx of investment capital it serves as a tool for the CBI to make money (commission) off the buy/sell of the dinar as it rises. The CBI would never give up such a step as it needs to generate revenue. The...RV or RI stories are nonsense. There is no overnight event...
1-19-2019 Newshound/Intel Guru RVAlready Still no budget, but that will not hold up the RV. They are completely separate. In fact, it would be easier on the budget if the RV happened first. It would make equipment purchases from Europe and the US more economical.
1-19-2019 Newshound Guru MilitiaMan The source...At first...said we are going to be happy this Saturday... What was asked of him on a scale of 1-10 how good is the news coming to the citizens? A 10 was the answer...Next week being a 10 on the scale is huge for us... lets add in the additional data [Guru] Delta brought in with the URGENT MEASURES and FORCED to FLOAT Currency and just in on the 2019 Budget ready for approval this evening, this place we are in is very nice! If they are getting FORCED into a float? Awesome is better than nice! imo So lets see if this weekend turns out as good, as I think it can be. [post 2 of 2]
1-19-2019 Newshound Guru MilitiaMan ...The article a source brought me...shows the heat is on and the pressure is building to get the 2019 budget done and the citizens what to expect within that budget and what they want from all the promises they have been given. I had my source and another source confirm that the citizens have been told in the Mosques that they were to expect this to have been done on or around the 4/5th of this month and then, no go. ...Well, I / We believe they were placated...about the basket of currencies being too low, thus, they may have used that information to tell the citizens to sit tight, as we are going to adjust the basket and you'll get more purchase power in the end. [post 1 of 2....stay tuned]
1-19-2019 Newshound Guru Breitling I think Iraq’s oil production is about 4 million barrels per day…Iraq is the second largest oil producer in OPEC and the 5th largest oil reserve. So look at the Saudi Arabia currency, what’s the value of that?
1-19-2019 Newshound Guru Kaperoni I try to tell people that the CBI needs to make money. A RV or RI could never happen because it circumvents those CBI principals. A float not only is a tool to relieve pressure created by an influx of investment capital it serves as a tool for the CBI to make money (commission) off the buy/sell of the dinar as it rises. The CBI would never give up such a step as it needs to generate revenue. The...RV or RI stories are nonsense. There is no overnight event...
1-19-2019 Newshound/Intel Guru RVAlready Still no budget, but that will not hold up the RV. They are completely separate. In fact, it would be easier on the budget if the RV happened first. It would make equipment purchases from Europe and the US more economical.
1-19-2019 Newshound Guru MilitiaMan The source...At first...said we are going to be happy this Saturday... What was asked of him on a scale of 1-10 how good is the news coming to the citizens? A 10 was the answer...Next week being a 10 on the scale is huge for us... lets add in the additional data [Guru] Delta brought in with the URGENT MEASURES and FORCED to FLOAT Currency and just in on the 2019 Budget ready for approval this evening, this place we are in is very nice! If they are getting FORCED into a float? Awesome is better than nice! imo So lets see if this weekend turns out as good, as I think it can be. [post 2 of 2]
1-19-2019 Newshound Guru MilitiaMan ...The article a source brought me...shows the heat is on and the pressure is building to get the 2019 budget done and the citizens what to expect within that budget and what they want from all the promises they have been given. I had my source and another source confirm that the citizens have been told in the Mosques that they were to expect this to have been done on or around the 4/5th of this month and then, no go. ...Well, I / We believe they were placated...about the basket of currencies being too low, thus, they may have used that information to tell the citizens to sit tight, as we are going to adjust the basket and you'll get more purchase power in the end. [post 1 of 2....stay tuned]
1-19-2019 Newshound Guru Breitling I think Iraq’s oil production is about 4 million barrels per day…Iraq is the second largest oil producer in OPEC and the 5th largest oil reserve. So look at the Saudi Arabia currency, what’s the value of that?
1-18-2019 Newshound/Intel Guru Mnt Goat In today’s news we are also seeing more pressure to stop or greatly limit the currency auctions. OH – but how can they do that without putting the dinar on a FLOAT and reinstating it back to it former glory on the global currency exchanges? Simply put they can’t... This reinforces again that something is about to happen with the Iraqi currency. It almost has to as the pressure is building and the bubble is about to pop. January is only half over and so there is plenty of time yet to see some more actions in this direction. How far can they proceed without the reinstatement?
1-18-2019 Newshound Guru Breitling What are you guys [Iraq] up to? Ok so you don’t revalue at 54 cents, 90 cents…you can do 10 cents. I know you guys can do that and you don’t even have to blink. It’s not going to hurt your economy one way or the other. How do we know that? Look at the other currencies in the middle east…that’s how you figure that out. So after Saudi Arabia who’s the biggest producer of oil in OPEC? It’s Iraq. Iraq has the 5th largest reserve in the world…So you start looking at these other counties and what they produce and how much their currency is and it doesn’t make sense does it? Remember I talked about undervalued stock? Undervalued currency is that simple…I love it cause that’s how it works.
1-18-2019 Newshound Guru Adam Montana [...does Brexit have any effect on our Dinar investment?] In a roundabout way it does, because global events always have some impact... so, yes. But it doesn't merit any concern for us at this time.
1-18-2019 Newshound Guru Kaperoni A few people have asked for my opinion on the recent float article as to what "forced" means? My view when I read the article is this MP is saying we can continue to have citizens on state payroll and take loans to support the budget or we can learn from some of these other countries and float the dinar and invite foreign investment into the country. I don't think its a question of being forced...just a decision to get away from a state run oil dependent country and create a private sector supported by foreign investment. So a float is what is coming.
1-18-2019 Intel Guru Bruce [via PinkRoses] The most recent picture has this happening either before January 21st...with some emphasis I am getting ...January 18th or Saturday. If not we skip over January 21st and go to January 22nd...It doesn’t guarantee it...It just means that is what I am hearing from very trusted sources that are very close to the situation. Iraq has basically been done and is no longer an issue the last six weeks...Iraq is out of the picture. If you are focusing on Iraq, you are in the wrong game. Let it go. It is done, done and done...I am going to say everything is still moving along like we think. Rates will be high. We just need the Go Signal. I am looking for that Go Signal anytime now.
1-18-2019 Newshound Guru Breitling …They [Iraq] don’t have to revalue in one big pop or shot. They can revalue little by little. I’m not talking about a tenth of a penny. I’m talking about adding 10, 15, 20 cents a pop. Why they haven’t done it yet I don’t know. I simply do not have an answer for that. Because if I was them that’s exactly what I would be doing. I understand they have to protect themselves and not make it too expensive overnight to invest in Iraq…90% of their export is oil. That’s their economy. And the price of oil is going down so they are not making as much money. $56 a barrel is their break even point. I think it’s $54 to $56. They don’t just have to revalue for their sake. They have to send signals out to the international markets saying “we’re out to play.” If they are going to keep their currency low people are not going to send product to Iraq to be able to trade. It kind of binds them up. They need to start doing something.
1-18-2019 Newshound Guru MilitiaMan "FROM IRAQI TV: The Economic and Investment Committee.... Iraq may be forced to float the dinar to encourage investment in Iraq." Using words like Urgent Measures to reduce Auctions earlier, and now they may be FORCED to FLOAT the DINAR!!! The language is very powerful, thus, it is very important.. Again, the CBI stated the other day now, that the 2% fee on $20.00 (transactions) will cease on Sunday, thus, the take away is they may show us smalls.. imo.. Why all the Urgency? Logic points to reforms being completed, thus, change is coming...imo.
1-18-2019 Newshound Guru Breitling What are you guys [Iraq] up to? Ok so you don’t revalue at 54 cents, 90 cents…you can do 10 cents. I know you guys can do that and you don’t even have to blink. It’s not going to hurt your economy one way or the other. How do we know that? Look at the other currencies in the middle east…that’s how you figure that out. So after Saudi Arabia who’s the biggest producer of oil in OPEC? It’s Iraq. Iraq has the 5th largest reserve in the world…So you start looking at these other counties and what they produce and how much their currency is and it doesn’t make sense does it? Remember I talked about undervalued stock? Undervalued currency is that simple…I love it cause that’s how it works.
1-18-2019 Newshound Guru Adam Montana [...does Brexit have any effect on our Dinar investment?] In a roundabout way it does, because global events always have some impact... so, yes. But it doesn't merit any concern for us at this time.
1-18-2019 Newshound Guru Kaperoni A few people have asked for my opinion on the recent float article as to what "forced" means? My view when I read the article is this MP is saying we can continue to have citizens on state payroll and take loans to support the budget or we can learn from some of these other countries and float the dinar and invite foreign investment into the country. I don't think its a question of being forced...just a decision to get away from a state run oil dependent country and create a private sector supported by foreign investment. So a float is what is coming.
1-18-2019 Intel Guru Bruce [via PinkRoses] The most recent picture has this happening either before January 21st...with some emphasis I am getting ...January 18th or Saturday. If not we skip over January 21st and go to January 22nd...It doesn’t guarantee it...It just means that is what I am hearing from very trusted sources that are very close to the situation. Iraq has basically been done and is no longer an issue the last six weeks...Iraq is out of the picture. If you are focusing on Iraq, you are in the wrong game. Let it go. It is done, done and done...I am going to say everything is still moving along like we think. Rates will be high. We just need the Go Signal. I am looking for that Go Signal anytime now.
1-18-2019 Newshound Guru Breitling …They [Iraq] don’t have to revalue in one big pop or shot. They can revalue little by little. I’m not talking about a tenth of a penny. I’m talking about adding 10, 15, 20 cents a pop. Why they haven’t done it yet I don’t know. I simply do not have an answer for that. Because if I was them that’s exactly what I would be doing. I understand they have to protect themselves and not make it too expensive overnight to invest in Iraq…90% of their export is oil. That’s their economy. And the price of oil is going down so they are not making as much money. $56 a barrel is their break even point. I think it’s $54 to $56. They don’t just have to revalue for their sake. They have to send signals out to the international markets saying “we’re out to play.” If they are going to keep their currency low people are not going to send product to Iraq to be able to trade. It kind of binds them up. They need to start doing something.
1-18-2019 Newshound Guru MilitiaMan "FROM IRAQI TV: The Economic and Investment Committee.... Iraq may be forced to float the dinar to encourage investment in Iraq." Using words like Urgent Measures to reduce Auctions earlier, and now they may be FORCED to FLOAT the DINAR!!! The language is very powerful, thus, it is very important.. Again, the CBI stated the other day now, that the 2% fee on $20.00 (transactions) will cease on Sunday, thus, the take away is they may show us smalls.. imo.. Why all the Urgency? Logic points to reforms being completed, thus, change is coming...imo.
1-17-2019 Newshound Guru Breitling People are asking me about the oil prices. There’s a big panic in the dinar world because the oil prices started going up…Fact - the United States has control over the oil markets and the price is going to go down. It’s going to force these countries to do all sorts of stuff…cause they are going to go broke if they don’t. They know it. We know it. We know where their break even points are…so people are seeing the oil prices go up. It’s short term.
1-17-2019 Intel Guru Delta FROM IRAQI TV: The Economic and Investment Committee.... Iraq may be forced to float the dinar to encourage investment in Iraq.
1-17-2019 Newshound/Intel Guru Mnt Goat Article: "WHEN WILL THE IRAQI DINAR BE REVALUED?" So again the CBI is telling us and I quote - “the revaluation of the Iraqi dinar is ready to be implemented by the country’s Central Bank; however, the Parliamentary Economic and Investment Commission HAD DECIDED TO POSTPONE THE REVALUATION UNTIL NOW TO 2019”. What is this telling us? 1)Again the CBI does not work alone and needs the support of the rest of the government. 2)The project to delete the zeros was postponed until 2019. Again...this confirms that perhaps this year of 2019 is our year to get it done. It is now January 2019 folks!
1-17-2019 Newshound Guru Kaperoni I...want to point out every year someone says look at the budget for a change. ...The budget has nothing to do with any reforms and can be made retroactive at anytime.
1-17-2019 Newshound Guru MilitiaMan The answer from the contact specifically says...as I have and others have suggested...They are article 8 compliant imo ... Like has been said for years, they don’t have to tell us.. But by actions they are. ...In other words. Imo, They show us they are article 8 just as they rightfully can without yet specifically saying so for 30 days ...
1-17-2019 Intel Guru Delta Single Currency Crosses...LOT OF MOVEMENT NEVER SEEN BEFORE...SPECIALLY...EUR/IQD AND GBP/IQD...
1-17-2019 Intel Guru Frank26 ...IMO, on December the 30 when my friends firm was given 240 contracts at a rate of one to one with the American dollar they lifted the three zeros electronically in country!!! And this is exactly what they told you they were going to do!!! ...240 contracts are a lot of contracts at a new RI rate.. And as I said they have gone from the NEER (Nominal effective Exchange rate) to the REER (Real effective Exchange Rate). Soon it will be announced publicly at a rate of 1 to 1 because these calculations have been done, tested and approved. But above all they have been built on Int’l standards. ...IMO, a 1 to 1 in country is something that we, as investors of the IQD, will never see! (hint: IMO the rate we see will be much higher). [post 2 of 2]
1-17-2019 Intel Guru Frank26 ...my friend [Guru] Walkingstick is working with the Government of Iraq and the Central Bank of Iraq. Not only on the 2nd set of books that was successfully done. But because those books were successful on the 30th of December of 2018 my friend’s firm received 240 contracts from the Gov’t of Iraq. ...The Government of Iraq has started internally. In fact 24 of those 240 contracts have already been paid! And they were paid in IQDs...they were paid at a rate of one to one to the USD! ...Let’s say for example the contracts were worth 200,000. And the 200,00 was paid is paid to my friend’s firm in Iraqi dinars...that 200,000 dinars was presented in the contract at a rate of 1 to 1 to the USD. So that 200,000 dinars is actually $200,000.00 American dollars...my friend has a contract in his hands at 1 to 1 with the American dollar and the Iraqi dinar. [post 1 of 2....stay tuned]
1-17-2019 Intel Guru Delta FROM IRAQI TV: The Economic and Investment Committee.... Iraq may be forced to float the dinar to encourage investment in Iraq.
1-17-2019 Newshound/Intel Guru Mnt Goat Article: "WHEN WILL THE IRAQI DINAR BE REVALUED?" So again the CBI is telling us and I quote - “the revaluation of the Iraqi dinar is ready to be implemented by the country’s Central Bank; however, the Parliamentary Economic and Investment Commission HAD DECIDED TO POSTPONE THE REVALUATION UNTIL NOW TO 2019”. What is this telling us? 1)Again the CBI does not work alone and needs the support of the rest of the government. 2)The project to delete the zeros was postponed until 2019. Again...this confirms that perhaps this year of 2019 is our year to get it done. It is now January 2019 folks!
1-17-2019 Newshound Guru Kaperoni I...want to point out every year someone says look at the budget for a change. ...The budget has nothing to do with any reforms and can be made retroactive at anytime.
1-17-2019 Newshound Guru MilitiaMan The answer from the contact specifically says...as I have and others have suggested...They are article 8 compliant imo ... Like has been said for years, they don’t have to tell us.. But by actions they are. ...In other words. Imo, They show us they are article 8 just as they rightfully can without yet specifically saying so for 30 days ...
1-17-2019 Intel Guru Delta Single Currency Crosses...LOT OF MOVEMENT NEVER SEEN BEFORE...SPECIALLY...EUR/IQD AND GBP/IQD...
1-17-2019 Intel Guru Frank26 ...IMO, on December the 30 when my friends firm was given 240 contracts at a rate of one to one with the American dollar they lifted the three zeros electronically in country!!! And this is exactly what they told you they were going to do!!! ...240 contracts are a lot of contracts at a new RI rate.. And as I said they have gone from the NEER (Nominal effective Exchange rate) to the REER (Real effective Exchange Rate). Soon it will be announced publicly at a rate of 1 to 1 because these calculations have been done, tested and approved. But above all they have been built on Int’l standards. ...IMO, a 1 to 1 in country is something that we, as investors of the IQD, will never see! (hint: IMO the rate we see will be much higher). [post 2 of 2]
1-17-2019 Intel Guru Frank26 ...my friend [Guru] Walkingstick is working with the Government of Iraq and the Central Bank of Iraq. Not only on the 2nd set of books that was successfully done. But because those books were successful on the 30th of December of 2018 my friend’s firm received 240 contracts from the Gov’t of Iraq. ...The Government of Iraq has started internally. In fact 24 of those 240 contracts have already been paid! And they were paid in IQDs...they were paid at a rate of one to one to the USD! ...Let’s say for example the contracts were worth 200,000. And the 200,00 was paid is paid to my friend’s firm in Iraqi dinars...that 200,000 dinars was presented in the contract at a rate of 1 to 1 to the USD. So that 200,000 dinars is actually $200,000.00 American dollars...my friend has a contract in his hands at 1 to 1 with the American dollar and the Iraqi dinar. [post 1 of 2....stay tuned]
1-16-2019 Newshound Guru Adam Montana "Could Oil Prices Rise By $25 Per Barrel In 2019?"; "Kuwait National: $ 65 Brent crude average during 2019 and 2020"; "Oil Markets Could See Deficit In 2019 The oil supply surplus is “starting to reverse,” according to a new report from Bank of America Merrill Lynch." (the word "deficit" is a good thing here); "Heavy Crude: From Glut To Shortage - Jan 15, 2019, 5:00 PM CST" ("Shortage" is another good word for us right now); "Oil rises with hopes of a better market under OPEC-led cuts " ... and so on. Here's the thing, folks... this is the situation that Iraq wants. This writing is on the wall, in the headlines, and it's heading towards RV time. Iraq can read the headlines just as well as we can, so for now we just hang on tight. [post 2 of 2]
1-16-2019 Newshound Guru Adam Montana As much as we all hate "I told you so's", here are a couple. Headlines from the past couple days include: 1. BREXIT. When this was first brought up in 2016, I voiced my opinion that it wouldn't be successful and not to worry about it. As of this morning, it looks like the whole thing was a huge waste of time and is going nowhere... time will tell, but I could have told you that as well. 2. Did you catch my update last week? One of my talking points was oil, the price per barrel, and Iraq's sneaky but convenient exception to the ongoing limitations on production by OPEC members. Just look at these headlines... [post 1 of 2....stay tuned]
1-16-2019 Newshound/Intel Guru Mnt Goat Should we get our bottle of champagne ready? I have to tell everyone the CBI is still telling me they are targeting the month of January. I would not open your bottle of champagne and celebrate as of yet but I certainly would think about getting a nice BIG bottle and get it chilled and ready. But remember this saga is not over until the fat lady sings. Too many signs are showing us that this could finally be our month to see it. It has been a VERY long journey but I thinks perhaps it is coming to a conclusion…finally….
[post 2 of 2]
1-16-2019 Newshound/Intel Guru Mnt Goat Will the reinstatement happen in 2019? We don’t know when the reinstatement will occur for sure and many say the project to delete the zeros is now all done. So go figure? ...This news is coming from some VERY credible sources of information... ...there are no more delays expected. The process is on the move. They are telling us once again 2019 is our timeframe. OK – hold on to your horses! I do not know the exact timeframe in 2019 but all we can confirm is two things – 1) they just told us this week in the news media that 2019 is our year and 2) we know they normally like to target January and we still have half of the month of January remaining. So let’s see what happens in January and if it does not happen then we move to another target. [post 1 of 2....stay tuned]
1-16-2019 Newshound Guru Kaperoni A member of the Economic and Investment Committee said today that Iraq may be forced to float the dinar to encourage investment in Iraq...Sound familiar? There is no doubt in my mind we will see the dinar float at or about the same time as the launch of the banking system and market economy for investment. Hang in there. This seems to be the year Iraq will move forward launching a private sector and encouraging foreign investment.
1-16-2019 Intel Guru Bruce [via PinkRoses] ...it is kind of coming down to the wire now. We are getting some really positive input...We heard some activity started last night. ...We believe that we are at the point very little is required now before we get notified to go. ...there has been a number of meetings and conference calls in the recent days... Calls that took place with the large banks in conjunction with the Secretary of the Treasury...we think part of the plan was to talk about where we are in terms of the release and...can this thing happen immediately meaning in the next day or two. ...What I am telling you is you are very close. Everything we can say about Iraq appears to have been completed...We hope that we are at the end of the ride because the evidence is showing things are moving. I can just can tell you the rates that will be on the front screens for the Dinar and Dong will be much closer together than we thought.
1-16-2019 Newshound Guru Daytrader All that happens as the result of the consultation is agreement on a plan of action to make any necessary corrections. There is no failure, only a plan of action to rectify concerns. Iraq and the IMF have been planning the reinstatement of the IQD for a very long time, and during this time they continued to develop and fine-tune the process specific to Iraq's needs. IMO this has nothing to do with nor will it have any impact on what we seek. [post 2 of 2]
1-16-2019 Newshound Guru Daytrader A number of members have expressed concern over a statement regarding an IMF Article IV consultation not occurring until later this year. This is Iraq’s normal Article IV consultation schedule. Most countries have an Article IV consultation with the IMF every 24 months, including the United States. It provides an opportunity for both the IMF and the country to discuss specifically where the country might have monetary policy or procedural shortcomings that need correction, and review what they’re doing that meets Article IV criteria. [post 1 of 2....stay tuned]
1-16-2019 Intel Guru RayRen98 Contracts are to be funded by February 5, 2019. [Could this be the outside date?] PM Mahdi sent out a tweet stating that he is moving onward with implementing the program for government that was presented to Parliament and intends to complete it within the time frame that was previously announced. It appears he is making promises to the Iraqi citizens.
1-16-2019 Newshound Guru Adam Montana As much as we all hate "I told you so's", here are a couple. Headlines from the past couple days include: 1. BREXIT. When this was first brought up in 2016, I voiced my opinion that it wouldn't be successful and not to worry about it. As of this morning, it looks like the whole thing was a huge waste of time and is going nowhere... time will tell, but I could have told you that as well. 2. Did you catch my update last week? One of my talking points was oil, the price per barrel, and Iraq's sneaky but convenient exception to the ongoing limitations on production by OPEC members. Just look at these headlines... [post 1 of 2....stay tuned]
1-16-2019 Newshound/Intel Guru Mnt Goat Should we get our bottle of champagne ready? I have to tell everyone the CBI is still telling me they are targeting the month of January. I would not open your bottle of champagne and celebrate as of yet but I certainly would think about getting a nice BIG bottle and get it chilled and ready. But remember this saga is not over until the fat lady sings. Too many signs are showing us that this could finally be our month to see it. It has been a VERY long journey but I thinks perhaps it is coming to a conclusion…finally….
[post 2 of 2]
1-16-2019 Newshound/Intel Guru Mnt Goat Will the reinstatement happen in 2019? We don’t know when the reinstatement will occur for sure and many say the project to delete the zeros is now all done. So go figure? ...This news is coming from some VERY credible sources of information... ...there are no more delays expected. The process is on the move. They are telling us once again 2019 is our timeframe. OK – hold on to your horses! I do not know the exact timeframe in 2019 but all we can confirm is two things – 1) they just told us this week in the news media that 2019 is our year and 2) we know they normally like to target January and we still have half of the month of January remaining. So let’s see what happens in January and if it does not happen then we move to another target. [post 1 of 2....stay tuned]
1-16-2019 Newshound Guru Kaperoni A member of the Economic and Investment Committee said today that Iraq may be forced to float the dinar to encourage investment in Iraq...Sound familiar? There is no doubt in my mind we will see the dinar float at or about the same time as the launch of the banking system and market economy for investment. Hang in there. This seems to be the year Iraq will move forward launching a private sector and encouraging foreign investment.
1-16-2019 Intel Guru Bruce [via PinkRoses] ...it is kind of coming down to the wire now. We are getting some really positive input...We heard some activity started last night. ...We believe that we are at the point very little is required now before we get notified to go. ...there has been a number of meetings and conference calls in the recent days... Calls that took place with the large banks in conjunction with the Secretary of the Treasury...we think part of the plan was to talk about where we are in terms of the release and...can this thing happen immediately meaning in the next day or two. ...What I am telling you is you are very close. Everything we can say about Iraq appears to have been completed...We hope that we are at the end of the ride because the evidence is showing things are moving. I can just can tell you the rates that will be on the front screens for the Dinar and Dong will be much closer together than we thought.
1-16-2019 Newshound Guru Daytrader All that happens as the result of the consultation is agreement on a plan of action to make any necessary corrections. There is no failure, only a plan of action to rectify concerns. Iraq and the IMF have been planning the reinstatement of the IQD for a very long time, and during this time they continued to develop and fine-tune the process specific to Iraq's needs. IMO this has nothing to do with nor will it have any impact on what we seek. [post 2 of 2]
1-16-2019 Newshound Guru Daytrader A number of members have expressed concern over a statement regarding an IMF Article IV consultation not occurring until later this year. This is Iraq’s normal Article IV consultation schedule. Most countries have an Article IV consultation with the IMF every 24 months, including the United States. It provides an opportunity for both the IMF and the country to discuss specifically where the country might have monetary policy or procedural shortcomings that need correction, and review what they’re doing that meets Article IV criteria. [post 1 of 2....stay tuned]
1-16-2019 Intel Guru RayRen98 Contracts are to be funded by February 5, 2019. [Could this be the outside date?] PM Mahdi sent out a tweet stating that he is moving onward with implementing the program for government that was presented to Parliament and intends to complete it within the time frame that was previously announced. It appears he is making promises to the Iraqi citizens.
1-15-2019 Newshound/Intel Guru Mnt Goat Question: When will the 3 Zeros be DELETED? The CBI will only complete the project to delete the zeros until the CBI and the finance committee can come together on an agreement as to when to do it. Then we hope nothing changes their mind in the meantime since scheduled. We are not waiting for the economy to take off or for reconstruction to first happen. I know for a FACT that the reinstatement is part of the condition by the IMF to release reconstruction funds. This was a plan from 2018-2022 so it already late. They need to know that the funds are secure and will be used for this purpose. ...This is what makes this past May 2018 election so important. Investors and the IMF want technocratic cabinet members who are honestly going to move Iraq forward. No more playing games. They don’t care how long it takes. They will not budge until the government is fully formed and Iran is out of the politics to a point they can no longer harm the process.
1-15-2019 Newshound Guru MilitiaMan Article: "The Central Bank cancels a 2% commission payment for the $20 category and less" Well well.. Now why in the world would they cancel 2% commission on relatively small category notes of foreign currency? ...The CBI is doing this for a reason and I suspect it is for a very good reason. As in they are going to have similar small notes that have more value therefore, they will have to exchange similar notes on a daily basis.. So imo, this is huge...imo.
1-15-2019 Newshound Guru tlm724 [I read...that we need article 8 from the imf before Iraq can reval, is there any truth to this?] Yes there is truth in that. [See complete list of "possible to-dos" on the left of this page in the Dinar Guru Recourse Bar]
1-15-2019 Newshound Guru Kaperoni If you go back and read some of the transition documents...from the IMF it fits right in line with the plan we see evolving in Iraq. I also encourage anyone who has not yet reviewed the IMF Article IV Consultation from 2013 and 2017 to go...and review this information. It also fits in line with what we are seeing evolve in Iraq.
1-15-2019 Newshound/Intel Guru Mnt Goat Question: So what happens to the currency in circulation and the currency that was printed but never circulated when this takes place? Does the value go down? e.g. 25,000 notes become worth only 25 dollars? If they delete three 0’s 1 dinar would be worth 0.85 cents as of today.
1-15-2019 Newshound Guru MilitiaMan Article: "The Central Bank cancels a 2% commission payment for the $20 category and less" Well well.. Now why in the world would they cancel 2% commission on relatively small category notes of foreign currency? ...The CBI is doing this for a reason and I suspect it is for a very good reason. As in they are going to have similar small notes that have more value therefore, they will have to exchange similar notes on a daily basis.. So imo, this is huge...imo.
1-15-2019 Newshound Guru tlm724 [I read...that we need article 8 from the imf before Iraq can reval, is there any truth to this?] Yes there is truth in that. [See complete list of "possible to-dos" on the left of this page in the Dinar Guru Recourse Bar]
1-15-2019 Newshound Guru Kaperoni If you go back and read some of the transition documents...from the IMF it fits right in line with the plan we see evolving in Iraq. I also encourage anyone who has not yet reviewed the IMF Article IV Consultation from 2013 and 2017 to go...and review this information. It also fits in line with what we are seeing evolve in Iraq.
1-15-2019 Newshound/Intel Guru Mnt Goat Question: So what happens to the currency in circulation and the currency that was printed but never circulated when this takes place? Does the value go down? e.g. 25,000 notes become worth only 25 dollars? If they delete three 0’s 1 dinar would be worth 0.85 cents as of today.
1-14-2019 Newshound Guru Sunkissed ...After all the haggling and demands that Iraq has served up to Jordan... the bottom line actually rests with Iraq: THEY MUST HAVE PURCHASING POWER to be able to absorb the MASSIVE QUANTITIES of goods, minerals, etc., coming INTO Iraq! Ball is DEFINITELY in Iraq's court! Promises were made in the BEGINNING of 2018!! (Respect the first quarter! Sound familiar? -- [Guru] Walkingstick was accurate!) And now, the longer they wait, the more difficult, if not impossible it will be for Jordan to perform in time! BUT...in order to perform on their contract... Iraq MUST FIRST HAVE PURCHASING POWER! Iraq HAS TO BE READY AND ABLE TO PAY THEM! Therefore, February 02, 2019, appears to be the back-wall, Drop Dead Date, "to be an exquisite mutual-beneficial relationship." If February 02, 2019 is the Drop Dead Date, then we are looking at Feb 02 - 04 (Monday) for the IQD to go live. However... imo.... it certainly could go before that date! [post 2 of 2]
1-14-2019 Newshound Guru Sunkissed In my opinion, the TIMING of this article is utterly FANTASTIC...this article gives us the DROP DEAD DATE? (imo). FEBRUARY 02, 2019. JORDAN IS RACING AGAINST TIME. why? Well... imo... it looks like... February 02, 2019 is a deadline date to IMPLEMENTATION. For what? Remember that December 29-30 meeting when many contracts were signed? Looks like Jordan signed some "old" deals that were "renewed" - I suppose we would use the word "updated" (to reflect a new rate? a more competitive price, since so many contractors are FLOODING into Iraq?) So... there's the PRESSURE! Contracts were signed on December 29-30 and to be IMPLEMENTED BY FEBRUARY 02, 2019! [post 1 of 2....stay tuned]
1-14-2019 Newshound/Intel Guru Mnt Goat But as sure as I am writing this...today, we are all of a sudden going to see a burst of flames as we know the tinder is already starting to smoke and is about ready to flare up. As in starting a good camp fire, we can see that much activity is about to burst into action and will soon move forward very aggressively. The two items they need for this to happen is to get the 2019 budget passed and then these remaining cabinet positions off of proxy and into solid, technocrats for these remaining positions. [post 2 of 2]
1-14-2019 Newshound/Intel Guru Mnt Goat The House of Representatives ended its session on Saturday, the House of Representatives finished the first reading of the draft law on financial management. Nothing happened on voting for cabinet members on Saturday. MP of the Alliance for Reform and Reconstruction, Hassan Fadas, said that on Monday, the resolution of the Interior Ministry candidate is the main obstacle to completion of the ministerial cabinet. Let’s see how this plays out…. ...there is news about the intention of Faleh Fayyad too withdraw his candidacy from the Interior. If this happens there may be some real progress finally in this direction. Let’s see how it plays out this week. [post 1 of 2....stay tuned]
1-14-2019 Newshound Guru Kaperoni [I’ve always heard the government has nothing to do with the Dinar. That only the CBI could begin the float. If so then why do people say only when the government is set the float can begin.] Monetary policy is the CBI. That being said, such a significant event requires support from the Iraqi government. As well, much of the directives being implimented by Iraq are part of the reforms agreed under IMF or WB Stand by Agreements.
1-14-2019 Intel Guru RayRen98 Today's Parliament session has been postponed until Wednesday at 1:00 due to a lack of quorum. [And the band played on... ] Citizens are not happy with Mahdi's "progress" thus far...they are saying the corruption is still rampant in the government. Unofficial report: Things (rate activity) should get started today in Iraq and filter over to us this week. Time Will Tell...
1-14-2019 Newshound Guru MilitiaMan Lets not forget that there was an article 01/02/2018 talking about linking the IQD with a basket of currencies (They let that cat out of the bag and big time). The stir was the authority was saying hold on a minute... Lets not link to lower value currencies!! ...Nothing has changed as far as getting your purchase power, it is that we are going to get you more if we use an stronger basket...Thus, they bought more time? We shall see if it plays out like that. imo. [post 2 of 2]
1-14-2019 Newshound Guru MilitiaMan [...are you looking for this in EARLY 2019, MID 2019, LATE 2019...] I believe...they are ready to implement now with all the signs they have shown us over the last year. We know contracts have time stamps... T & T were said to be ready at a moments notice to be applied. We see a very large trading partner in country this week talking directly about money exchange. So, as for me the signs I see are not mid or late... There are fireflies on the ground over there that suggest that the citizens have been told they are getting a gift from GOD, they very well may have been placated for now, but, how long they will not get antsy is anyone's guess. [post 1 of 2....stay tuned]
1-14-2019 Newshound Guru Sunkissed In my opinion, the TIMING of this article is utterly FANTASTIC...this article gives us the DROP DEAD DATE? (imo). FEBRUARY 02, 2019. JORDAN IS RACING AGAINST TIME. why? Well... imo... it looks like... February 02, 2019 is a deadline date to IMPLEMENTATION. For what? Remember that December 29-30 meeting when many contracts were signed? Looks like Jordan signed some "old" deals that were "renewed" - I suppose we would use the word "updated" (to reflect a new rate? a more competitive price, since so many contractors are FLOODING into Iraq?) So... there's the PRESSURE! Contracts were signed on December 29-30 and to be IMPLEMENTED BY FEBRUARY 02, 2019! [post 1 of 2....stay tuned]
1-14-2019 Newshound/Intel Guru Mnt Goat But as sure as I am writing this...today, we are all of a sudden going to see a burst of flames as we know the tinder is already starting to smoke and is about ready to flare up. As in starting a good camp fire, we can see that much activity is about to burst into action and will soon move forward very aggressively. The two items they need for this to happen is to get the 2019 budget passed and then these remaining cabinet positions off of proxy and into solid, technocrats for these remaining positions. [post 2 of 2]
1-14-2019 Newshound/Intel Guru Mnt Goat The House of Representatives ended its session on Saturday, the House of Representatives finished the first reading of the draft law on financial management. Nothing happened on voting for cabinet members on Saturday. MP of the Alliance for Reform and Reconstruction, Hassan Fadas, said that on Monday, the resolution of the Interior Ministry candidate is the main obstacle to completion of the ministerial cabinet. Let’s see how this plays out…. ...there is news about the intention of Faleh Fayyad too withdraw his candidacy from the Interior. If this happens there may be some real progress finally in this direction. Let’s see how it plays out this week. [post 1 of 2....stay tuned]
1-14-2019 Newshound Guru Kaperoni [I’ve always heard the government has nothing to do with the Dinar. That only the CBI could begin the float. If so then why do people say only when the government is set the float can begin.] Monetary policy is the CBI. That being said, such a significant event requires support from the Iraqi government. As well, much of the directives being implimented by Iraq are part of the reforms agreed under IMF or WB Stand by Agreements.
1-14-2019 Intel Guru RayRen98 Today's Parliament session has been postponed until Wednesday at 1:00 due to a lack of quorum. [And the band played on... ] Citizens are not happy with Mahdi's "progress" thus far...they are saying the corruption is still rampant in the government. Unofficial report: Things (rate activity) should get started today in Iraq and filter over to us this week. Time Will Tell...
1-14-2019 Newshound Guru MilitiaMan Lets not forget that there was an article 01/02/2018 talking about linking the IQD with a basket of currencies (They let that cat out of the bag and big time). The stir was the authority was saying hold on a minute... Lets not link to lower value currencies!! ...Nothing has changed as far as getting your purchase power, it is that we are going to get you more if we use an stronger basket...Thus, they bought more time? We shall see if it plays out like that. imo. [post 2 of 2]
1-14-2019 Newshound Guru MilitiaMan [...are you looking for this in EARLY 2019, MID 2019, LATE 2019...] I believe...they are ready to implement now with all the signs they have shown us over the last year. We know contracts have time stamps... T & T were said to be ready at a moments notice to be applied. We see a very large trading partner in country this week talking directly about money exchange. So, as for me the signs I see are not mid or late... There are fireflies on the ground over there that suggest that the citizens have been told they are getting a gift from GOD, they very well may have been placated for now, but, how long they will not get antsy is anyone's guess. [post 1 of 2....stay tuned]
1-13-2019 Newshound Guru Kaperoni I'll say it again...there can never be an overnight RV or RI, there is just to much dinar in circulation. Our best hope is for the CBI to move off the peg to a float and allow the dinar to rise gradually. Such an event could allow for a gradual reduction of currency. The simple fact that over 40 trillion dinar is in circulation is all one needs to know to realize there NEVER can be a RV or RI...Simply put, there is just to much dinar in circulation for such an event. The good news is the IMF documented very clearly the intent to float the dinar and if investment comes into Iraq as expected it should create the Balassa-Samuelson effect allowing the dinar to rise gradually. I believe once the CBI begins the float, the dinar could rise significantly within 6-12 months.
1-13-2019 Newshound Guru MilitiaMan Article: "Iraqi Dinar revaluation postponed by Central Bank for 5 years says MP Noura al-Bajari by Amre Sarhan Oct 29, 2014," Good deal...WS [Guru Walkingstick] told us back years ago that the process on the second set of books takes time. I believe there is data to support that from the imf. Didn’t WS suggest that time of the four year process to be 01/01/2018? I think so. So if that is the case which, I believe to be supportive being his track record is very good. The One more year equates to? Any time now! Imo.
1-13-2019 Intel Guru Delta Article quote: "The revaluation of the Iraqi dinar is ready to be implemented by the country's Central Bank; however, the Parliamentary Economic and Investment Commission has decided to postpone the revaluation to 2019." THIS ARTICLE IS FROM 08/16/2017...2019 IT'S...
1-13-2019 Intel Guru RayRen98 Iraq TV is reporting to the citizens they are "not seeing an end in sight" regarding the differences in the chosen names for cabinet seats and that this is causing damage to their government. Iraqi TV is reporting "no time table" for the completion of the cabinet voting. [Really? Is this a smoke screen...Time Will Tell!]
1-13-2019 Newshound Guru Kaperoni The dinar you own will never go back to Iraq. It will become part of the global traded currencies.
1-13-2019 Newshound Guru MilitiaMan Article: "Iraqi Dinar revaluation postponed by Central Bank for 5 years says MP Noura al-Bajari by Amre Sarhan Oct 29, 2014," Good deal...WS [Guru Walkingstick] told us back years ago that the process on the second set of books takes time. I believe there is data to support that from the imf. Didn’t WS suggest that time of the four year process to be 01/01/2018? I think so. So if that is the case which, I believe to be supportive being his track record is very good. The One more year equates to? Any time now! Imo.
1-13-2019 Intel Guru Delta Article quote: "The revaluation of the Iraqi dinar is ready to be implemented by the country's Central Bank; however, the Parliamentary Economic and Investment Commission has decided to postpone the revaluation to 2019." THIS ARTICLE IS FROM 08/16/2017...2019 IT'S...
1-13-2019 Intel Guru RayRen98 Iraq TV is reporting to the citizens they are "not seeing an end in sight" regarding the differences in the chosen names for cabinet seats and that this is causing damage to their government. Iraqi TV is reporting "no time table" for the completion of the cabinet voting. [Really? Is this a smoke screen...Time Will Tell!]
1-13-2019 Newshound Guru Kaperoni The dinar you own will never go back to Iraq. It will become part of the global traded currencies.
1-12-2019 Newshound/Intel Guru Mnt Goat Article: "Iran pushes Iraq to maintain trade without US dollar" This has NOTHING to do with the CBI determining when to reinstate the dinar. There is absolutely no connection for pressuring the Iraqi central bank. Will a reinstatement of the Iraqi dinar actually be good for this situation? Actually NO, and so why would the US push the CBI to use the dinar in place of the US dollar. If it were a good thing the Central bank could they just end the currency auctions and use dinar to trade with Iran. But the fact is it is NOT that simple and the other reasons why Iraq has not yet reinstated their currency still exist. ...They can’t just RV or RI cause they need to trade with one country in the middle east. It does not make any sense. ...In the long term this pressure from the US to have Iraq more independent from Iran is the BEST thing that can ever happen to Iraq.
1-12-2019 Newshound Guru Kaperoni So some are asking the significance of why the government needs to be offically formed for the IMF to engage with Iraq? Usually on these types of agreements a legitimate government is needed for validating/confirm signatures. [The normal cycle for Article IV consultations for countries under a program is 24 months. Thus Iraq is not due for an Article IV until the summer of 2019.] Wrong. Iraq under it's programs meets annually. Not to mention, the representative to Iraq told me directly they will not meet with Iraq until the completed formation of the government...
1-12-2019 Newshound/Intel Guru Mnt Goat ...we know Iraq has the plan to coincide the smaller category notes with the larger 3 zero notes together. We know this because the central bank of Iraq itself has told us. This is what really is going to make us rich someday. ...If Iraq was going to just “lop” they would have done it already.
1-12-2019 Intel Guru RayRen98 Parliament ended their session today with no mention of a cabinet vote...
1-12-2019 Newshound Guru Kaperoni Great new article from the World Bank talking about Iraq's GDP going from 1.9% in 2018 to 6.2% in 2019. How? Unless they open the banking system to the world for global investment.
1-12-2019 Newshound Guru Kaperoni So some are asking the significance of why the government needs to be offically formed for the IMF to engage with Iraq? Usually on these types of agreements a legitimate government is needed for validating/confirm signatures. [The normal cycle for Article IV consultations for countries under a program is 24 months. Thus Iraq is not due for an Article IV until the summer of 2019.] Wrong. Iraq under it's programs meets annually. Not to mention, the representative to Iraq told me directly they will not meet with Iraq until the completed formation of the government...
1-12-2019 Newshound/Intel Guru Mnt Goat ...we know Iraq has the plan to coincide the smaller category notes with the larger 3 zero notes together. We know this because the central bank of Iraq itself has told us. This is what really is going to make us rich someday. ...If Iraq was going to just “lop” they would have done it already.
1-12-2019 Intel Guru RayRen98 Parliament ended their session today with no mention of a cabinet vote...
1-12-2019 Newshound Guru Kaperoni Great new article from the World Bank talking about Iraq's GDP going from 1.9% in 2018 to 6.2% in 2019. How? Unless they open the banking system to the world for global investment.
1-11-2019 Newshound/Intel Guru Mnt Goat Article: "THE THREE PRESIDENCIES MEET POMPEO AND THE LATTER RENEWS HIS COUNTRY'S SUPPORT FOR IRAQ" Article quote: “activation of economic cooperation and investment between the two countries”. They are about to get this ball rolling from this 2018-2022 reconstruction plan. This plan, as we know, hinges on reinstating their currency. Why? They will need “free flow” of capital in and out of Iraq and they can not do this having to go to currency auctions and keep converting dinar to dollars. Get it? They will need automated, international systems to transfer money and these systems use the global currency exchanges to convert the currency to the proper exchange rates...
1-11-2019 Newshound Guru Kaperoni People ask me all the time..."why is it that a float is the only solution for Iraq?" Because it is the only way to gradually reduce the money supply as the dinar appreciates in value as a result of investment to reduce inflation. ...a mythical RV or RI...Never happening as there is to much (over 40 Trillion) dinar in circulation. Can never happen. Only a float at this point could work. There will never be a $3-$4 exchange rate of the dinar. Total nonsense. Iraq is trying to rebuild and create GDP not go broke paying out on a currency exchange...Monetary policy is pretty well documented for emerging market economies.
1-11-2019 Intel Guru ADMINBILL Another weekend is coming and with it come possibilities of an end to our journey. Are we there yet? That remains a question that will not be answered until you are at the bank. I am encouraged.
1-11-2019 Intel Guru Bruce I am probably more positive than I ever been the last 14 years. The fact we expect it very soon, very shortly. ...things are moving along nicely. We are moving through and you know I can’t call it because I do not know it, but I tell you I think we are looking very strongly over the next few days. Might have a great weekend...additionally...a lot of the rates were flashing...but...when we get ready to go the rates will be solid and maybe they will move a little bit up and down. That is okay. That is part of the Forex, part of trading, but I tell you this much about the Dinar, they had to increase the size of the screen vertically on Forex because of the increase that is anticipated for the Dinar. Two inches. They increased the height of the screen because of the curve that is going to take place of the Dinar going up. It would have run out of space. ...We are in great shape... we are looking at a real strong weekend...I think we are just about at the end of the ride...
1-11-2019 Intel Guru Frank26 On the 30th, of December, lifted the 3 zeros electronically. What I’m about to share with you is public knowledge. Why doesn’t the Internet know? You...have the ability and privilege to receive our study from [Guru] Walkingstick. Because Walkingstick is working with the Government of Iraq. On the 30th of Dec. 2018, WS firm received 240 contracts from the GOI. They started internally. 24 of them, have already been PAID. They were paid in IQD. The term of acceptance: 30 day contracts. Of the 240, 24 already paid in IQD. That’s exactly what Iraq has to do. I want you to know that these 240 contracts and the 24, they were paid at a rate of 1:1. Those contracts will start on January 13, 2019. Details on other firms is unknown to us. Believe they are similar and paid in IQD at 1:1.
1-11-2019 Newshound Guru Kaperoni People ask me all the time..."why is it that a float is the only solution for Iraq?" Because it is the only way to gradually reduce the money supply as the dinar appreciates in value as a result of investment to reduce inflation. ...a mythical RV or RI...Never happening as there is to much (over 40 Trillion) dinar in circulation. Can never happen. Only a float at this point could work. There will never be a $3-$4 exchange rate of the dinar. Total nonsense. Iraq is trying to rebuild and create GDP not go broke paying out on a currency exchange...Monetary policy is pretty well documented for emerging market economies.
1-11-2019 Intel Guru ADMINBILL Another weekend is coming and with it come possibilities of an end to our journey. Are we there yet? That remains a question that will not be answered until you are at the bank. I am encouraged.
1-11-2019 Intel Guru Bruce I am probably more positive than I ever been the last 14 years. The fact we expect it very soon, very shortly. ...things are moving along nicely. We are moving through and you know I can’t call it because I do not know it, but I tell you I think we are looking very strongly over the next few days. Might have a great weekend...additionally...a lot of the rates were flashing...but...when we get ready to go the rates will be solid and maybe they will move a little bit up and down. That is okay. That is part of the Forex, part of trading, but I tell you this much about the Dinar, they had to increase the size of the screen vertically on Forex because of the increase that is anticipated for the Dinar. Two inches. They increased the height of the screen because of the curve that is going to take place of the Dinar going up. It would have run out of space. ...We are in great shape... we are looking at a real strong weekend...I think we are just about at the end of the ride...
1-11-2019 Intel Guru Frank26 On the 30th, of December, lifted the 3 zeros electronically. What I’m about to share with you is public knowledge. Why doesn’t the Internet know? You...have the ability and privilege to receive our study from [Guru] Walkingstick. Because Walkingstick is working with the Government of Iraq. On the 30th of Dec. 2018, WS firm received 240 contracts from the GOI. They started internally. 24 of them, have already been PAID. They were paid in IQD. The term of acceptance: 30 day contracts. Of the 240, 24 already paid in IQD. That’s exactly what Iraq has to do. I want you to know that these 240 contracts and the 24, they were paid at a rate of 1:1. Those contracts will start on January 13, 2019. Details on other firms is unknown to us. Believe they are similar and paid in IQD at 1:1.
1-10-2019 Intel Guru Delta "The largest deletion of zeros in history." Quote: "The elimination of zeros is not new in Iran, it was preceded by Venezuela when it omitted five zeros, and Iraq which has already deleted zeros from Iraqi dinars..." [Delta, if they deleted any zeros we would see it on the cbi web site IMO and all the zeros are still there.] THEY CAN HOLD IT FROM US WITH IN 30 DAYS...
1-10-2019 Newshound/Intel Guru Mnt Goat For all you who ...want a date and a rate – no reinstatement as of yet and the dinar is not yet international. The CBI is still planning for the month of January and so we watch and wait, however I do not see the signs I would want to see to by now to prove this is the case. There is still more than 3 weeks remaining in January. Also when the dinar does finally reinstate it will most likely be in the range of $3-$4 on exchange with the US dollar. This is NOT going to be slow rise from the program rate 1190 since it will no longer be solely pegged to the US dollar.
1-10-2019 Newshound/Intel Guru RVAlready [So the budget being voted on tomorrow [Thursday]. Is that the news we're waiting on for tomorrow or Friday?] We do not really care about their budget. The RV will happen independent of that. I think parliament is a smoke screen. Stuff in Iraq almost always comes from back room meetings. Sounds like cabinet will be announced tomorrow.
1-10-2019 Newshound Guru Adam Montana Yes, EVERYONE wins. Even the OPEC members that may have seemingly "lost" some revenue with their limited production agreement. The truth of that matter is that none of them are in the dark about the potential for Iraq to revalue. They all sit there,innocently and conveniently silent about Iraq's exclusion from the agreement. Coincidence? I think not. In fact, this is the KEY. It's staring the world in the face, and only a small group of us are even paying attention. I'm ok with that. HCL is still a pivotal issue, but there's no point in finalizing the HCL until oil prices go back up. More good news - Iraq is in a very good position to implement HCL, so once we see this graph going up again...game on! [post 3 of 3]
1-10-2019 Newshound Guru Adam Montana The good and bad news is this - there are actions being taken to get the price of oil back up. ...Now, think about this little tidbit...Iraq has "confirmed their commitment to participating" in the oil productions cuts. But, as a savvy reader who remembers the details, you also know that Iraq was not specifically included in the original OPEC agreement. Iraq is essentially standing on the sidelines, voicing support, encouraging the action... but reserving the right to step back from it and swoop in on some profits once they are there again, while everyone else frantically tries to organize a vote to release themselves from their self-imposed restrictions. At that point in time, Iraq will have all the time they need to successfully execute a couple days or even weeks of trading, exchanging currency with higher values and reaping profits on said exchanges, and everyone wins. [post 2 of 3....stay tuned]
1-10-2019 Newshound Guru Adam Montana I’m still pretty solid about 2019. In fact, I like it a lot. Not this week in particular, but in general - I think we've got a solid chance...this year! I've been keeping an eye on the situation for a few months now, waiting to see the trend I'm seeing right now. Waiting for all the pieces to come together. And I finally feel like it's time to voice the following thoughts. We may all enjoy a lower pump price, but I guarantee you the Middle East and all our Texas oil boys don't necessarily like them! That's exactly why OPEC entered into a production limit agreement in the not-so-distant past...because supply and demand drives price. Oil is on sale right now, due to a very high supply, and I don't think we'll see an RV while the sale is on. It's simply not in the CBI's best interest to do so. [post 1 of 3....stay tuned]
1-10-2019 Newshound/Intel Guru Mnt Goat For all you who ...want a date and a rate – no reinstatement as of yet and the dinar is not yet international. The CBI is still planning for the month of January and so we watch and wait, however I do not see the signs I would want to see to by now to prove this is the case. There is still more than 3 weeks remaining in January. Also when the dinar does finally reinstate it will most likely be in the range of $3-$4 on exchange with the US dollar. This is NOT going to be slow rise from the program rate 1190 since it will no longer be solely pegged to the US dollar.
1-10-2019 Newshound/Intel Guru RVAlready [So the budget being voted on tomorrow [Thursday]. Is that the news we're waiting on for tomorrow or Friday?] We do not really care about their budget. The RV will happen independent of that. I think parliament is a smoke screen. Stuff in Iraq almost always comes from back room meetings. Sounds like cabinet will be announced tomorrow.
1-10-2019 Newshound Guru Adam Montana Yes, EVERYONE wins. Even the OPEC members that may have seemingly "lost" some revenue with their limited production agreement. The truth of that matter is that none of them are in the dark about the potential for Iraq to revalue. They all sit there,innocently and conveniently silent about Iraq's exclusion from the agreement. Coincidence? I think not. In fact, this is the KEY. It's staring the world in the face, and only a small group of us are even paying attention. I'm ok with that. HCL is still a pivotal issue, but there's no point in finalizing the HCL until oil prices go back up. More good news - Iraq is in a very good position to implement HCL, so once we see this graph going up again...game on! [post 3 of 3]
1-10-2019 Newshound Guru Adam Montana The good and bad news is this - there are actions being taken to get the price of oil back up. ...Now, think about this little tidbit...Iraq has "confirmed their commitment to participating" in the oil productions cuts. But, as a savvy reader who remembers the details, you also know that Iraq was not specifically included in the original OPEC agreement. Iraq is essentially standing on the sidelines, voicing support, encouraging the action... but reserving the right to step back from it and swoop in on some profits once they are there again, while everyone else frantically tries to organize a vote to release themselves from their self-imposed restrictions. At that point in time, Iraq will have all the time they need to successfully execute a couple days or even weeks of trading, exchanging currency with higher values and reaping profits on said exchanges, and everyone wins. [post 2 of 3....stay tuned]
1-10-2019 Newshound Guru Adam Montana I’m still pretty solid about 2019. In fact, I like it a lot. Not this week in particular, but in general - I think we've got a solid chance...this year! I've been keeping an eye on the situation for a few months now, waiting to see the trend I'm seeing right now. Waiting for all the pieces to come together. And I finally feel like it's time to voice the following thoughts. We may all enjoy a lower pump price, but I guarantee you the Middle East and all our Texas oil boys don't necessarily like them! That's exactly why OPEC entered into a production limit agreement in the not-so-distant past...because supply and demand drives price. Oil is on sale right now, due to a very high supply, and I don't think we'll see an RV while the sale is on. It's simply not in the CBI's best interest to do so. [post 1 of 3....stay tuned]
1-9-2019 Intel Guru RayRen98 Iraqi TV is reporting that Thursday's Parliament session will be totally dedicated to the 2019 Budget. The cabinet voting will "supposedly" happen on Saturday's session. Reportedly, Fox news posted an alert that Mike Pompeo made a surprise visit to the Iraqi Parliament announcing to them to grow up and become the sovereign nation they're expected to be. [Time Will Tell]
1-9-2019 Newshound/Intel Guru Mnt Goat Article: "ALLOCATION OF 50 MILLION DINARS TO ARTICLE 140" So folks here it is again Article 140. Do you wonder why now and we project the CBI to reinstate by the end of January? Go figure Article 140 and HCL HOT in the news NOW! Don’t let anyone tell you these are not important to have the reinstatement of the dinar. The FACT is we were told many years ago that the new Iraqi constitution MUST be fully implemented to get the currency back online...So these are mandated by the constitution.
1-9-2019 Newshound/Intel Guru BGG ...Personally, I don’t care which way it starts – just as long as it gets going. ...Regardless of which way it happens – if the value rises, we ALL WIN!!...
1-9-2019 Intel Guru Bruce [via PinkRoses] Just when you think it is safe to say everything is done with Iraq, there is one more piece we were looking for or is happening that we should be aware of. We heard they have (3) announcements coming out...One was made today [Tuesday]. One should be made on Thursday, and I believe one is going to be made on Friday. I know one of the announcements, not the one today, I believe will talk about the reinstatement of the Iraqi Dinar, and the fact that Iraq is a Sovereign nation and has revalued currency. Some of that revaluation of that currency will occur when that currency is actively traded on the world market using Forex to do so. I believe that is where we believe is reinstatement and go into revaluation because the rates they have now that we know of is already higher than their $3.22 rate was back in 2003 ...ultimately Iraq is done having made the decision to do what they needed to do and conform to what they have been asked to do. Now it is just a matter of timing and time. So I am going to say I am looking forward to again a very good and interesting weekend...
1-9-2019 Intel Guru RayRen98 Iraqi TV is reporting that Thursday's session will "probably" be postponed until Saturday due to the low attendance for Tuesdays' session that eventually did not take place. Mahdi is being requested to hold accountable those who did not appear for the session. Mahdi continues to submit the same names already previously rejected. He has sent out a text/tweet message supporting his actions with resolve being a fully-appointed cabinet "soon." [Time Will Tell]
1-9-2019 Newshound/Intel Guru Mnt Goat Article: "ALLOCATION OF 50 MILLION DINARS TO ARTICLE 140" So folks here it is again Article 140. Do you wonder why now and we project the CBI to reinstate by the end of January? Go figure Article 140 and HCL HOT in the news NOW! Don’t let anyone tell you these are not important to have the reinstatement of the dinar. The FACT is we were told many years ago that the new Iraqi constitution MUST be fully implemented to get the currency back online...So these are mandated by the constitution.
1-9-2019 Newshound/Intel Guru BGG ...Personally, I don’t care which way it starts – just as long as it gets going. ...Regardless of which way it happens – if the value rises, we ALL WIN!!...
1-9-2019 Intel Guru Bruce [via PinkRoses] Just when you think it is safe to say everything is done with Iraq, there is one more piece we were looking for or is happening that we should be aware of. We heard they have (3) announcements coming out...One was made today [Tuesday]. One should be made on Thursday, and I believe one is going to be made on Friday. I know one of the announcements, not the one today, I believe will talk about the reinstatement of the Iraqi Dinar, and the fact that Iraq is a Sovereign nation and has revalued currency. Some of that revaluation of that currency will occur when that currency is actively traded on the world market using Forex to do so. I believe that is where we believe is reinstatement and go into revaluation because the rates they have now that we know of is already higher than their $3.22 rate was back in 2003 ...ultimately Iraq is done having made the decision to do what they needed to do and conform to what they have been asked to do. Now it is just a matter of timing and time. So I am going to say I am looking forward to again a very good and interesting weekend...
1-9-2019 Intel Guru RayRen98 Iraqi TV is reporting that Thursday's session will "probably" be postponed until Saturday due to the low attendance for Tuesdays' session that eventually did not take place. Mahdi is being requested to hold accountable those who did not appear for the session. Mahdi continues to submit the same names already previously rejected. He has sent out a text/tweet message supporting his actions with resolve being a fully-appointed cabinet "soon." [Time Will Tell]
1-8-2019 Newshound Guru Kaperoni I believe Inflation in Iraq is under 2%. There are several reasons why the CBI should begin to raise the value...but only time will tell.
1-8-2019 Intel Guru Frank26 There are two banks within Iraq that have mirrored US banking capabilities regarding the transfer of funds and now are able to do a conversion from country to country. The importance of the 2 banks in country of Iraq adopting our US banking techniques is that now the contractors who are conducting business in country and being paid in IQD are now depositing their IQD in American banking institutions. And now our banks are able to convert these deposits from IQD to USN in our country. We know of one US contractor has in over 200+ contracts for construction within country and will be paid in IQD on a 1 to 1 basis with US currency values and because of the mirrored banking techniques his in country bank will now make this conversion.
1-8-2019 Newshound Guru Kaperoni ...guru BGG tries to discredit my recent float post by saying it is not supported by and CBI or other documentation. ...wrong! In fact it is supported by the experts...the IMF. My comments are directly related to articles or documentation pertaining to general monetary policy issued by the IMF themselves. [reference Guru BGG post 1-6-2019]
1-8-2019 Newshound Guru Phillyman ...Today we have another delay due to lack of quorum, this one to January 10. Some thought remaining positions would be filled, the 140 discussed, the 2019 budget discussed. I continue to listen to [Guru] Breitling and believe in this investment...
1-8-2019 Newshound/Intel Guru Mnt Goat Article: "CBI IS SELLING COLLECTORS COINS" Of course many...are going to try to tell you that the CBI is releasing coins and thus the RV is happening. So I am warning all you intelligent people to ignore all this rubbish. So far we have NO signs of a reinstatement as we expected to see by this time. But January is not even half over and there is still much time. Let’s see what really happens. I am still hearing the CBI is targeting the end of January.
1-8-2019 Newshound/Intel Guru RVAlready Article: "Jim Yong Kim steps down as President of World Bank" Wow. WB president steps down. No reason given. Never thought I would see this…Wonder who else will go between now and the RV/GCR.
1-8-2019 Intel Guru Frank26 There are two banks within Iraq that have mirrored US banking capabilities regarding the transfer of funds and now are able to do a conversion from country to country. The importance of the 2 banks in country of Iraq adopting our US banking techniques is that now the contractors who are conducting business in country and being paid in IQD are now depositing their IQD in American banking institutions. And now our banks are able to convert these deposits from IQD to USN in our country. We know of one US contractor has in over 200+ contracts for construction within country and will be paid in IQD on a 1 to 1 basis with US currency values and because of the mirrored banking techniques his in country bank will now make this conversion.
1-8-2019 Newshound Guru Kaperoni ...guru BGG tries to discredit my recent float post by saying it is not supported by and CBI or other documentation. ...wrong! In fact it is supported by the experts...the IMF. My comments are directly related to articles or documentation pertaining to general monetary policy issued by the IMF themselves. [reference Guru BGG post 1-6-2019]
1-8-2019 Newshound Guru Phillyman ...Today we have another delay due to lack of quorum, this one to January 10. Some thought remaining positions would be filled, the 140 discussed, the 2019 budget discussed. I continue to listen to [Guru] Breitling and believe in this investment...
1-8-2019 Newshound/Intel Guru Mnt Goat Article: "CBI IS SELLING COLLECTORS COINS" Of course many...are going to try to tell you that the CBI is releasing coins and thus the RV is happening. So I am warning all you intelligent people to ignore all this rubbish. So far we have NO signs of a reinstatement as we expected to see by this time. But January is not even half over and there is still much time. Let’s see what really happens. I am still hearing the CBI is targeting the end of January.
1-8-2019 Newshound/Intel Guru RVAlready Article: "Jim Yong Kim steps down as President of World Bank" Wow. WB president steps down. No reason given. Never thought I would see this…Wonder who else will go between now and the RV/GCR.
1-7-2019 Intel Guru Frank26 ...NO ONE KNOWS THE DATE NOR RATE UNTIL THE CBI POST IT... [You can find the official CBI Rate and Market Rate listed in the Dinar Guru Resource Bar on the left of this page...]
1-7-2019 Intel Guru RayRen98 Reportedly, 4 of PM Madhi's Parliament ministers will be expelled due to their alleged activity with the government corruption. If so, that will leave 7 cabinet seats to be filled instead of 3. [Hmmmm, will it even make a difference? Time Will Tell] Iraqi TV broadcasts a Parliament spokesperson indicating that Tuesday's session will NOT produce a resolution for the remaining cabinet members because of the ongoing turmoil and submittal of the same names previously rejected...
1-7-2019 Newshound/Intel Guru Mnt Goat Why do I keep saying “reinstate” instead of “revalue”? The CBI can’t revalue the dinar since it is not even yet on the global trading platforms. ...We must go by pure definition of what being traded means...To be “traded” means that the dinar can be bought and sold on the “open” global currency exchanges like other currencies. It also means that investors in currencies such as hedge funds, investment brokerages, etc, etc can legally pick up the dinar and place them in portfolios such as 401k, retirement funds, mutual funds, etc...The CBI itself tells me they must first “reinstate’ the dinar and in this process they expect a significant rate change. This process stems around the “project to delete the zeros”. They tell me this project must coincide closely with the reinstatement process. This is what we watch and wait for not a revaluation.
1-7-2019 Intel Guru Frank26 Article: "Iran is moving to remove zeros from its currency and curb inflation" [IMO this is a lop.] CORRECT...THE COMPLETE OPPOSITE OF IRAQ'S RI!!! THERE IS ALL THE REASON FOR THE IRANIAN RIAL TO LOP ...AS THERE IS ALL REASON FOR THE IRAQI DINAR TO RD/RV/RI!!!
1-7-2019 Newshound/Intel Guru Walkingstick Article: "Iran is moving to remove zeros from its currency and curb inflation" Comparing, apples- oranges... There are no comparable factors between Iraq/ Iran and why they have opted to RD their currencies.... The manner in which it will be employed and or the expectation of results after the fact...In short: Irans reasoning/ necessity due to inflation spiraling out of control, approaching hyperinflation...A factor non existent in Iraq...
1-7-2019 Intel Guru ADMINBILL Still hearing good things so don't be discouraged. Once again, until all of my contacts agree because they have proof in hand then we continue our watch.
1-7-2019 Intel Guru RayRen98 Reportedly, 4 of PM Madhi's Parliament ministers will be expelled due to their alleged activity with the government corruption. If so, that will leave 7 cabinet seats to be filled instead of 3. [Hmmmm, will it even make a difference? Time Will Tell] Iraqi TV broadcasts a Parliament spokesperson indicating that Tuesday's session will NOT produce a resolution for the remaining cabinet members because of the ongoing turmoil and submittal of the same names previously rejected...
1-7-2019 Newshound/Intel Guru Mnt Goat Why do I keep saying “reinstate” instead of “revalue”? The CBI can’t revalue the dinar since it is not even yet on the global trading platforms. ...We must go by pure definition of what being traded means...To be “traded” means that the dinar can be bought and sold on the “open” global currency exchanges like other currencies. It also means that investors in currencies such as hedge funds, investment brokerages, etc, etc can legally pick up the dinar and place them in portfolios such as 401k, retirement funds, mutual funds, etc...The CBI itself tells me they must first “reinstate’ the dinar and in this process they expect a significant rate change. This process stems around the “project to delete the zeros”. They tell me this project must coincide closely with the reinstatement process. This is what we watch and wait for not a revaluation.
1-7-2019 Intel Guru Frank26 Article: "Iran is moving to remove zeros from its currency and curb inflation" [IMO this is a lop.] CORRECT...THE COMPLETE OPPOSITE OF IRAQ'S RI!!! THERE IS ALL THE REASON FOR THE IRANIAN RIAL TO LOP ...AS THERE IS ALL REASON FOR THE IRAQI DINAR TO RD/RV/RI!!!
1-7-2019 Newshound/Intel Guru Walkingstick Article: "Iran is moving to remove zeros from its currency and curb inflation" Comparing, apples- oranges... There are no comparable factors between Iraq/ Iran and why they have opted to RD their currencies.... The manner in which it will be employed and or the expectation of results after the fact...In short: Irans reasoning/ necessity due to inflation spiraling out of control, approaching hyperinflation...A factor non existent in Iraq...
1-7-2019 Intel Guru ADMINBILL Still hearing good things so don't be discouraged. Once again, until all of my contacts agree because they have proof in hand then we continue our watch.
1-6-2019 Newshound Guru Adam Montana [Crude Oil Prices/Future to reach a critical threshold (whatever THAT is).] $55 is what I'm looking for, with $60 being in the red zone.
1-6-2019 Intel Guru RayRen98 Artile: "Iran pushes Iraq to maintain trade without US dollar" Article summary: "Iran is pushing for an agreement with the Iraqi Central Bank to maintain trade in local currencies after dollar-base trade halted following the reimposition of US sanctions." “Using the dinar in trade with Iran will lead to an increase in the value of the Iraqi dinar due to higher demand, especially considering that the trade exchange between the two countries reached $8 billion in the past eight months,” freelance researcher and writer Ahmed Hathal told Al-Monitor." For a clear understanding of why things are being held up...it’s what I’ve been telling you for weeks.
1-6-2019 Newshound/Intel Guru Mnt Goat ...last summer we got the HCL passed and we were told full activation in Sept since the passing of the law stated Sept timeframe for activation. But this of course was contingent upon something. This something we don’t know what it is...Then when Sept came we were told full activation in Feb 2019 along with the sovereign funds. So this is technically overdue. So what is this issue then that they keep delaying this? Could if the drop in the price of oil? Could it be they expecte to have the govt in place and the reconstruction moving along by now and thus also the currency restated? But since they still delay the govt this is delaying everything else?...
1-6-2019 Newshound/Intel Guru BGG [Reference Guru Kaperoni post 1-4-2019 - There is a tweet going around that President Trump has tied some RV to a China trade agreement…False. There is no RV never will be. Best we can hope for is for Iraq to open it’s economy to investors and float the dinar.] This is [Kaperoni's] honest opinion. However, this is all it is – an opinion. In fact, it is an opinion not at all validated by documents produced by the CBI and the US Congress.
1-6-2019 Intel Guru RayRen98 Artile: "Iran pushes Iraq to maintain trade without US dollar" Article summary: "Iran is pushing for an agreement with the Iraqi Central Bank to maintain trade in local currencies after dollar-base trade halted following the reimposition of US sanctions." “Using the dinar in trade with Iran will lead to an increase in the value of the Iraqi dinar due to higher demand, especially considering that the trade exchange between the two countries reached $8 billion in the past eight months,” freelance researcher and writer Ahmed Hathal told Al-Monitor." For a clear understanding of why things are being held up...it’s what I’ve been telling you for weeks.
1-6-2019 Newshound/Intel Guru Mnt Goat ...last summer we got the HCL passed and we were told full activation in Sept since the passing of the law stated Sept timeframe for activation. But this of course was contingent upon something. This something we don’t know what it is...Then when Sept came we were told full activation in Feb 2019 along with the sovereign funds. So this is technically overdue. So what is this issue then that they keep delaying this? Could if the drop in the price of oil? Could it be they expecte to have the govt in place and the reconstruction moving along by now and thus also the currency restated? But since they still delay the govt this is delaying everything else?...
1-6-2019 Newshound/Intel Guru BGG [Reference Guru Kaperoni post 1-4-2019 - There is a tweet going around that President Trump has tied some RV to a China trade agreement…False. There is no RV never will be. Best we can hope for is for Iraq to open it’s economy to investors and float the dinar.] This is [Kaperoni's] honest opinion. However, this is all it is – an opinion. In fact, it is an opinion not at all validated by documents produced by the CBI and the US Congress.
1-5-2019 Newshound Guru Adam Montana [Any real chance we see the HCL passed this month?] Any real chance - absolutely! But I think it will be delayed until there is a solid swing in the oil market.
1-5-2019 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENT TO VOTE TO LIFT THE IMMUNITY OF ANY DEPUTY WHO VIOLATES THE LAW" this member of parliament is right on track. This immunity stuff is at the very heart of the issue of corruption. Don’t you think members of the government know they are protected and this gives them a safeguard? Eliminate this and things could drastically change in Iraq, for the better.
1-5-2019 Newshound Guru Breitling Iraq can not function…they need $54 per barrel to survive…they’re telling us…in two years it’s going to be $25 per barrel. That means they’re in the negative. They need $54 to stay even. That’s just to make it. To survive…They are going to be below that by half…it makes me happy cause you and I are sitting on their currency. What are they going to do devalue it more? No. They are going to add value and you and I are sitting on it. You should be happy. It’s real…that’s the way it works. No body can get around this math…You have a hundred years of how countries devalued and valued their currencies and Iraq is no different. They are going to be forced to do it. Nothing can stop them from doing it. That’s what’s so neat about what’s coming up.
1-5-2019 Newshound/Intel Guru Mnt Goat Article Quote: "...al-Karbouli warned Thursday of dire consequences for the Iraqi economy if the fate OF THE IRAQI DINAR IS LINKED TO LOWER CURRENCIES." Could this be referring to the USD? Of course it is since the dinar is not solely pegged to the US dollar ... if the US dollar has de-valuing issues, this would also drag down the value of the Iraqi dinar. This article is correct. So the best solution is to get off the sole peg and re-peg to the SDR basket of 5 currencies. Then put the dinar on a float and open it up to the world again.
1-5-2019 Newshound Guru MilitiaMan Article: "Under the title No to the adventure of our economy .. Karbali warns of linking the Iraqi dinar in currencies with the lowest value" My take away is this. Okay, he is concerned the IQD will be LINKED with other currencies, that may or do have less value. Not my problem...As what he just said, tells me the cat is out of the bag in that they are going to be linked to other currencies internationally...We shall see what happens, and all in my opinion!! WOW.
1-5-2019 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENT TO VOTE TO LIFT THE IMMUNITY OF ANY DEPUTY WHO VIOLATES THE LAW" this member of parliament is right on track. This immunity stuff is at the very heart of the issue of corruption. Don’t you think members of the government know they are protected and this gives them a safeguard? Eliminate this and things could drastically change in Iraq, for the better.
1-5-2019 Newshound Guru Breitling Iraq can not function…they need $54 per barrel to survive…they’re telling us…in two years it’s going to be $25 per barrel. That means they’re in the negative. They need $54 to stay even. That’s just to make it. To survive…They are going to be below that by half…it makes me happy cause you and I are sitting on their currency. What are they going to do devalue it more? No. They are going to add value and you and I are sitting on it. You should be happy. It’s real…that’s the way it works. No body can get around this math…You have a hundred years of how countries devalued and valued their currencies and Iraq is no different. They are going to be forced to do it. Nothing can stop them from doing it. That’s what’s so neat about what’s coming up.
1-5-2019 Newshound/Intel Guru Mnt Goat Article Quote: "...al-Karbouli warned Thursday of dire consequences for the Iraqi economy if the fate OF THE IRAQI DINAR IS LINKED TO LOWER CURRENCIES." Could this be referring to the USD? Of course it is since the dinar is not solely pegged to the US dollar ... if the US dollar has de-valuing issues, this would also drag down the value of the Iraqi dinar. This article is correct. So the best solution is to get off the sole peg and re-peg to the SDR basket of 5 currencies. Then put the dinar on a float and open it up to the world again.
1-5-2019 Newshound Guru MilitiaMan Article: "Under the title No to the adventure of our economy .. Karbali warns of linking the Iraqi dinar in currencies with the lowest value" My take away is this. Okay, he is concerned the IQD will be LINKED with other currencies, that may or do have less value. Not my problem...As what he just said, tells me the cat is out of the bag in that they are going to be linked to other currencies internationally...We shall see what happens, and all in my opinion!! WOW.
1-4-2019 Newshound/Intel Guru Mnt Goat We still wait for the Jan 8th session in parliament to see if the last of the three ministers are voted on. Today we heard that maybe they might just vote on the Interior minister on next Tuesday. We wait and see. So right now there is still no indication of a reinstatement occurring soon. I know we all expected maybe January to be our month and this is still the best month for the CBI to target it. The CBI still has this planned for January but, like I keep telling everyone, this is not going to be such a huge surprise when it does occur. We WILL have some indication for at least a week or two ahead of time and see it coming. Right now we do NOT see any of these indicators. Maybe after the last of the ministers are voted on things might suddenly pick up and get crazy. We just sit, relax and wait…..
1-4-2019 Newshound Guru Kaperoni There is a tweet going around that President Trump has tied some RV to a China trade agreement...False. There is no RV never will be. Best we can hope for is for Iraq to open it's economy to investors and float the dinar.
1-4-2019 Intel Guru Bruce ...I know there have been things happening in Iraq. I know that they have a Parliament meeting tomorrow [Friday] ...I am sure some good information will come out of that...We know things are moving along, but they are moving slowly. As far as I know rates are still good... ...I believe that there is going to be a Bank meeting among the major Banks...I think they are going to make a decision on when to release this to us... We believe they have a couple of options to do it before the weekend. ...That meeting should take place early in the afternoon tomorrow [Friday] which case anything is possible for us in the next couple of days. This is what I am hearing...I just think we are in a great position to receive and finally be there. Yes, it has been a much farther process than any of us thought.
1-4-2019 Newshound Guru Adam Montana [Since I have been on this investment (10years) the dinar rate is moving in the wrong direction (Devaluation) from 1166 - 1182 - 1190.] ...I don't think we're seeing anything to worry about. A change from 1166 to 1190 is miniscule and barely worth noting...I think we are going in a good direction.
1-4-2019 Newshound/Intel Guru RVAlready [Question. Is it to say that Iraq depends on stable oil prices in which to submit, ratify, and approve a budget? I ask because one would think that contingencies would be in place for such a volatile resource.] That would depend on current rate vs budget minimum target rate. A question I cannot answer….there is probably room to spare in the numbers. They have been at this a long time. So, they probably have room to play before they would alter the budget. Also...they have plenty of monetary reserves.
1-4-2019 Newshound Guru Kaperoni There is a tweet going around that President Trump has tied some RV to a China trade agreement...False. There is no RV never will be. Best we can hope for is for Iraq to open it's economy to investors and float the dinar.
1-4-2019 Intel Guru Bruce ...I know there have been things happening in Iraq. I know that they have a Parliament meeting tomorrow [Friday] ...I am sure some good information will come out of that...We know things are moving along, but they are moving slowly. As far as I know rates are still good... ...I believe that there is going to be a Bank meeting among the major Banks...I think they are going to make a decision on when to release this to us... We believe they have a couple of options to do it before the weekend. ...That meeting should take place early in the afternoon tomorrow [Friday] which case anything is possible for us in the next couple of days. This is what I am hearing...I just think we are in a great position to receive and finally be there. Yes, it has been a much farther process than any of us thought.
1-4-2019 Newshound Guru Adam Montana [Since I have been on this investment (10years) the dinar rate is moving in the wrong direction (Devaluation) from 1166 - 1182 - 1190.] ...I don't think we're seeing anything to worry about. A change from 1166 to 1190 is miniscule and barely worth noting...I think we are going in a good direction.
1-4-2019 Newshound/Intel Guru RVAlready [Question. Is it to say that Iraq depends on stable oil prices in which to submit, ratify, and approve a budget? I ask because one would think that contingencies would be in place for such a volatile resource.] That would depend on current rate vs budget minimum target rate. A question I cannot answer….there is probably room to spare in the numbers. They have been at this a long time. So, they probably have room to play before they would alter the budget. Also...they have plenty of monetary reserves.
1-3-2019 Newshound/Intel Guru Mnt Goat Will we see the “reinstatement” of the Iraqi dinar this month? All we can go by is what we know as FACTS...We know that Jan 2013 is a known past planned targets to reinstate the dinar. Even Dr Shabibi came out in a news media talk and told us that Iraq had an “unprecedented” opportunity to reinstate the dinar. But they failed due to political corruption. Three other targeted times but NOT attempted like in 2013, also occurred for January 2011, 2016, 2018. The CBI also came flat right out and told us that “EARLY 2017” was a target but due to ISIS war not completed this would be delayed. So it seems that EARLY January is significant. When we research we find out that the accounting period (fiscal year accounting period) for Iraq begins Jan 1st not oct 1st like in the western world. Could this make a difference as to why they select January each time? This may always been the best opportunity for them to reinstate the dinar.
1-3-2019 Intel Guru RayRen98 Iraqi TV is reporting that the cabinet will be completed on Friday. PM Mahdi is being quoted as saying that the Supreme Court will be restructured due to corruption. More of the Green Zone is being made available for public access.
1-3-2019 Guest Guru BobTheTaxMan Things have never changed. They haven’t. It’s [The Iraqi Dinar] an undervalued currency that we have elected to participate in. It takes a little bit of gumption to step up and try that…I hope and believe that somewhere in the very near future we are gong to see everything shift over in the Middle East and the investment we’re involved in to will come to fruition.
1-3-2019 Intel Guru ADMINBILL Where we are as of 01/01/2019...This is what was passed to me at last night. Once again the scheduled release of the RV, set for the end of 2018, and subsequently postponed, is now said to be rescheduled for early January 2019. As I have said multiple times in the past the RV must be preceded by a completion of all activation processes which I believe may have been completed in full or nearly so. The final process is said to be the public RV...After forwarding that information to several contacts it was stated that the information they have receive follows closely to what I just summarized...We shall see how this latest information plays out through the coming days and early weeks of 2019.
1-3-2018 Intel Guru Checkmate ...I'm here because I know for a fact it's going to happen. If I didn't think it was going to happen I would sell my dinar...But I hang onto it because we've done our homework...but we don't know that it's this month...Now if it's this week that's wonderful...it will imminently happen sometime in history and I also believe that should be very soon...They are doing it...The plan is to do it as soon as possible...Do I think that huge thing is going to take place in 5 days...I am not longer going to do that...Eventually Iraq's going to get their money back...they are going to recatergorize the dinar...
1-3-2019 Intel Guru RayRen98 Iraqi TV is reporting that the cabinet will be completed on Friday. PM Mahdi is being quoted as saying that the Supreme Court will be restructured due to corruption. More of the Green Zone is being made available for public access.
1-3-2019 Guest Guru BobTheTaxMan Things have never changed. They haven’t. It’s [The Iraqi Dinar] an undervalued currency that we have elected to participate in. It takes a little bit of gumption to step up and try that…I hope and believe that somewhere in the very near future we are gong to see everything shift over in the Middle East and the investment we’re involved in to will come to fruition.
1-3-2019 Intel Guru ADMINBILL Where we are as of 01/01/2019...This is what was passed to me at last night. Once again the scheduled release of the RV, set for the end of 2018, and subsequently postponed, is now said to be rescheduled for early January 2019. As I have said multiple times in the past the RV must be preceded by a completion of all activation processes which I believe may have been completed in full or nearly so. The final process is said to be the public RV...After forwarding that information to several contacts it was stated that the information they have receive follows closely to what I just summarized...We shall see how this latest information plays out through the coming days and early weeks of 2019.
1-3-2018 Intel Guru Checkmate ...I'm here because I know for a fact it's going to happen. If I didn't think it was going to happen I would sell my dinar...But I hang onto it because we've done our homework...but we don't know that it's this month...Now if it's this week that's wonderful...it will imminently happen sometime in history and I also believe that should be very soon...They are doing it...The plan is to do it as soon as possible...Do I think that huge thing is going to take place in 5 days...I am not longer going to do that...Eventually Iraq's going to get their money back...they are going to recatergorize the dinar...
1-2-2019 Newshound Guru Adam Montana ... I think this year is going to prove different than the last. ...It shouldn’t come as a surprise that the tail end of 2018 didn’t bring us an RV. Iraq operates on a global scale, so things that happen around the world do have an influence on them. 2018 was the worst year in the stock market since 2008. More importantly, US crude posted it’s first loss since 2015. Those are not specifically Iraq’s losses, of course, but lower oil prices affect ALL oil markets. Combine that with a general lack of news regarding the HCL and we have an obvious situation where they would not pull the trigger. We'd all like to think that Iraq can pull off an RV with lower oil prices, but the current market needs to change for Iraq and everyone else to be confident. It will happen, of course. But this doesn't look like the week for it. Not that I'm discouraged at all! The current market is a temporary thing. Nothing negative has happened to scare us from the future of this venture. And I don't think anything has changed to make Iraq no longer want to regain their former position of power and influence. It will happen. The question is only "when"?
1-2-2019 Newshound Guru Breitling The next big step for them was…the volume of currency that was out there. Then they had full control over the Iraqi dinar. So what are you and I looking at? Why am I invested? …I see an undervalued currency. Just like Warren Buffet sees an undervalued stock in the stock market…I can tell you where the value was at. I can tell you where the value is right now. And I can tell you what the value could be. The difference between Warren Buffet and us is that he has management rights. We don’t have management rights. We have to have confidence in the…people who are managing it to get it to where we want it to be. We’re just investing in an undervalued currency…Don’t tell me it’s at true market value…there’s all this hidden value in it. The people who don’t see it, hey that’s on you…it’s the most legitimate thing out there. It’s a huge opportunity. The question is, when. You and I don’t have control over that. [post 2 of 2]
1-2-2019 Newshound Guru Breitling …We’re looking at a currency [Iraqi Dinar]. We know what it used to be worth…the highest it was worth was $3.25. Saddam Hussein through his manipulated currencies said it was worth $3.75 but we know that’s not true. We had the first gulf war and it took a huge hit. So we know what the value went to at that stage. The second gulf war we knew it was going to drop to compete nothing so we injected the Iraqi economy with $1.5 billion worth of U.S currency so when we did the shock and awe they had money to spend…later on down the road they printed the currency that you and I have and they actually had to put $1.5 billion more U.S. dollars more into the economy because the popularity of the currency [Iraqi dinar] started going up. So what were they trying to do? Control the pace of the economy of Iraq. They actually had to do this a couple of times…[ post 1 of 2]
1-2-2019 Intel Guru Bruce Every indication we have had over the last 3 or 4 days is pointing toward the next day or so. ....We did get a few things that sort of confirmed where we thought we were and where we are, and where we plan to be the next couple of days. I am going to stay very positive and say that I believe we are at the end...We know everything is ready. [post 2 of 2]
1-2-2019 Intel Guru Bruce [via Pinkroses] ...here on January 1st is as an International New Years Day none of the banks are really open, but also none of the markets are opened for trading. ...but they are getting ready to start up here... ...I do know that what we have heard regarding the rates have been very favorable. ...Yesterday we heard very positive thing that put the Iraqi Dinar at about $5.60. It put the Vietnamese Dong at almost $5.00. ...Now let me say this, those rates were still up this afternoon [Tuesday], but they had not changed because no trading has taken place. Now we believe that tomorrow we will have new rates up on the screens that should be even better. All the rates including the Dinar should be there. [post 1 of 2....stay tuned]
1-2-2019 Newshound Guru MilitiaMan Article: "An economic artery will link Iraq to Jordan for decades" Quote: "...both countries would arrive at details of the transfer and cost of export of Iraqi crude oil to Jordan before 2 February 2019."... They have had this in the works for years... Fees and Customs Duties.. Taxes and Tariffs willl automatically adjust when timed accordingly and appropriate.!! imo ...we are in a sweet spot.. imo.
1-2-2019 Newshound/Intel Guru Mnt Goat Article: "AL-TAMIMI: IRAQ WILL BORROW FROM 21 FOREIGN PARTIES IN THE BUDGET OF 2019" Quote: “The 2019 budget is going in the wrong direction,” she said." Tamimi is an MP on the finance committee. I would listen to her closely. She is also the one that first exposed all this corruption with the currency auctions years and years ago and we all know this is in part, why the reinstatement is taking so long. We also know that in part the new Nov sanctions on Iran were designed to force Iraq to close down the auctions and use dinar for trading purposes with neighboring countries. But in order to do this they must first reinstate the currency...
1-2-2019 Newshound Guru Breitling The next big step for them was…the volume of currency that was out there. Then they had full control over the Iraqi dinar. So what are you and I looking at? Why am I invested? …I see an undervalued currency. Just like Warren Buffet sees an undervalued stock in the stock market…I can tell you where the value was at. I can tell you where the value is right now. And I can tell you what the value could be. The difference between Warren Buffet and us is that he has management rights. We don’t have management rights. We have to have confidence in the…people who are managing it to get it to where we want it to be. We’re just investing in an undervalued currency…Don’t tell me it’s at true market value…there’s all this hidden value in it. The people who don’t see it, hey that’s on you…it’s the most legitimate thing out there. It’s a huge opportunity. The question is, when. You and I don’t have control over that. [post 2 of 2]
1-2-2019 Newshound Guru Breitling …We’re looking at a currency [Iraqi Dinar]. We know what it used to be worth…the highest it was worth was $3.25. Saddam Hussein through his manipulated currencies said it was worth $3.75 but we know that’s not true. We had the first gulf war and it took a huge hit. So we know what the value went to at that stage. The second gulf war we knew it was going to drop to compete nothing so we injected the Iraqi economy with $1.5 billion worth of U.S currency so when we did the shock and awe they had money to spend…later on down the road they printed the currency that you and I have and they actually had to put $1.5 billion more U.S. dollars more into the economy because the popularity of the currency [Iraqi dinar] started going up. So what were they trying to do? Control the pace of the economy of Iraq. They actually had to do this a couple of times…[ post 1 of 2]
1-2-2019 Intel Guru Bruce Every indication we have had over the last 3 or 4 days is pointing toward the next day or so. ....We did get a few things that sort of confirmed where we thought we were and where we are, and where we plan to be the next couple of days. I am going to stay very positive and say that I believe we are at the end...We know everything is ready. [post 2 of 2]
1-2-2019 Intel Guru Bruce [via Pinkroses] ...here on January 1st is as an International New Years Day none of the banks are really open, but also none of the markets are opened for trading. ...but they are getting ready to start up here... ...I do know that what we have heard regarding the rates have been very favorable. ...Yesterday we heard very positive thing that put the Iraqi Dinar at about $5.60. It put the Vietnamese Dong at almost $5.00. ...Now let me say this, those rates were still up this afternoon [Tuesday], but they had not changed because no trading has taken place. Now we believe that tomorrow we will have new rates up on the screens that should be even better. All the rates including the Dinar should be there. [post 1 of 2....stay tuned]
1-2-2019 Newshound Guru MilitiaMan Article: "An economic artery will link Iraq to Jordan for decades" Quote: "...both countries would arrive at details of the transfer and cost of export of Iraqi crude oil to Jordan before 2 February 2019."... They have had this in the works for years... Fees and Customs Duties.. Taxes and Tariffs willl automatically adjust when timed accordingly and appropriate.!! imo ...we are in a sweet spot.. imo.
1-2-2019 Newshound/Intel Guru Mnt Goat Article: "AL-TAMIMI: IRAQ WILL BORROW FROM 21 FOREIGN PARTIES IN THE BUDGET OF 2019" Quote: “The 2019 budget is going in the wrong direction,” she said." Tamimi is an MP on the finance committee. I would listen to her closely. She is also the one that first exposed all this corruption with the currency auctions years and years ago and we all know this is in part, why the reinstatement is taking so long. We also know that in part the new Nov sanctions on Iran were designed to force Iraq to close down the auctions and use dinar for trading purposes with neighboring countries. But in order to do this they must first reinstate the currency...
1-1-2019 Intel Guru Frank26 YOUR FOCUS SHOULD ONLY BE ON...WHAT THE CBI DOES WITH THE RI OF THE IQD...NOTHING ELSE. FOR ALL ELSE WILL AUTOMATICALLY ADJUST POST RI. [Note: The latest and official CBI rate and market rate are listed in the Dinar Guru Recourse Bar on the left of this page]
1-1-2019 Newshound Guru Kaperoni ...monetary policy is not some random act. Monetary policy is based on statistical analysis. Iraq is not at an artifical currency rate. ...The rate is the current exchange rate that has already appreciated since the dinar was introduced in 2003 from about 3400 to $1 to 1166 to $1 by sound montary policy under Shabibi. And since 2015 the dinar devalued to 1190 to $1 as a result of IMF intervention. This is the true dinar rate. There is no RV or RI. If the dinar is ever going to continue to appreciate it will be based on sound monetary and economic principles. This can only occur if Iraq opens it's banking and financial system and creates a private sector in which foreign investment can come into Iraq. Only then the dinar will appreciate in value via a float. ...As I stated, Iraq has much to do before the dinar can rise. Happy New Years to all. Let's hope 2019 is prosperous for all.
1-1-2019 Intel Guru Frank26 IMO...THE MR OF THE IQD IS ENTERING A NEW...PHASE. NO ONE KNOWS THE DATE NOR THE RATE...BUT THAT'S NOT IMPORTANT BECAUSE OF THE EVIDENCE DIRECTLY FROM THE CBI...BOLDLY AND CONFIDENTLY. IMO...THE RI HAS EVOLVED INTO A PHASE THAT WE WAIT FOR TIME TO SHOW YOU...
1-1-2019 Newshound Guru MilitiaMan So, I don't know if they can't come out higher than the AAD or SDR for a fact, I do trust [Guru] Walkingstick, however, I do believe Alak is the one that has the purse strings at that CBI...So, we watch and wait. It very well may be an AAD rate and then climb later on.. Then again, Iraq has told us they doubled their oil reserves and are finally going to impose taxes and tariffs, claw back assets, liquid natural gas sales, minerals, etc.., therefore all would appear to support higher values now than in the past. imo... [post 2 of 2]
1-1-2019 Newshound Guru MilitiaMan ...I have the opinion that "The longer it takes the more money we make." With that said, my assessment ...on what Alak from the CBI has told us in regard to loans...both the bad and good. He pointed out in the interview that the bad loans were worth $5,000,000,00. So...if you take what Alak says, then drop the zeros and do the math. It comes out in the range well over the AAD. Which by the way, to determine the AAD we used the loans they publish, to ascertain the $4.25. Just as we used the IMF / SDR 3x.. Depending on which rate one uses the daily or monthly rate per the IMF SDR, one may find $4.20 + - up to $5.85... imo... [post 1 of 2....stay tuned]
1-1-2019 Newshound Guru Kaperoni ...monetary policy is not some random act. Monetary policy is based on statistical analysis. Iraq is not at an artifical currency rate. ...The rate is the current exchange rate that has already appreciated since the dinar was introduced in 2003 from about 3400 to $1 to 1166 to $1 by sound montary policy under Shabibi. And since 2015 the dinar devalued to 1190 to $1 as a result of IMF intervention. This is the true dinar rate. There is no RV or RI. If the dinar is ever going to continue to appreciate it will be based on sound monetary and economic principles. This can only occur if Iraq opens it's banking and financial system and creates a private sector in which foreign investment can come into Iraq. Only then the dinar will appreciate in value via a float. ...As I stated, Iraq has much to do before the dinar can rise. Happy New Years to all. Let's hope 2019 is prosperous for all.
1-1-2019 Intel Guru Frank26 IMO...THE MR OF THE IQD IS ENTERING A NEW...PHASE. NO ONE KNOWS THE DATE NOR THE RATE...BUT THAT'S NOT IMPORTANT BECAUSE OF THE EVIDENCE DIRECTLY FROM THE CBI...BOLDLY AND CONFIDENTLY. IMO...THE RI HAS EVOLVED INTO A PHASE THAT WE WAIT FOR TIME TO SHOW YOU...
1-1-2019 Newshound Guru MilitiaMan So, I don't know if they can't come out higher than the AAD or SDR for a fact, I do trust [Guru] Walkingstick, however, I do believe Alak is the one that has the purse strings at that CBI...So, we watch and wait. It very well may be an AAD rate and then climb later on.. Then again, Iraq has told us they doubled their oil reserves and are finally going to impose taxes and tariffs, claw back assets, liquid natural gas sales, minerals, etc.., therefore all would appear to support higher values now than in the past. imo... [post 2 of 2]
1-1-2019 Newshound Guru MilitiaMan ...I have the opinion that "The longer it takes the more money we make." With that said, my assessment ...on what Alak from the CBI has told us in regard to loans...both the bad and good. He pointed out in the interview that the bad loans were worth $5,000,000,00. So...if you take what Alak says, then drop the zeros and do the math. It comes out in the range well over the AAD. Which by the way, to determine the AAD we used the loans they publish, to ascertain the $4.25. Just as we used the IMF / SDR 3x.. Depending on which rate one uses the daily or monthly rate per the IMF SDR, one may find $4.20 + - up to $5.85... imo... [post 1 of 2....stay tuned]
12-31-2018 Newshound/Intel Guru Mnt Goat Here comes HCL….Article
quote: "The oil and energy parliamentary committee confirmed its intention TO APPROVE THE OIL AND GAS LAW DURING THE CURRENT PARLIAMENTARY SESSION." Iraq will need HCL and Article 140 to forward with a reinstatement...So it looks like this new govt is in support of getting this done, finally.
12-31-2018 Newshound Guru Sunkissed Article: "The Central Bank allows companies to mediate the sale and purchase of foreign currencies" THIS IS PART OF WHAT WE ARE ALL LOOKING FOR!!! imo. When a company "mediates the sale" -- that 's a fancy way to say that they get to take a percentage of the profit...a broker's fee! They are outright telling you that the IQD will be traded - bought and sold - by big investment brokers. In other words...rather than the auctions done by the CBI -- now you want to EXCHANGE dinar for another currency, like the USD, Rial, Yuan, etc. Go to a brokerage firm that handles that. You don't need to come to the CBI to buy and sell the dinar or any other foreign currency! For me, this is the preamble for stopping the auctions!!
12-31-2018 Newshound Guru MilitiaMan As for a couple other items centering around the taxes and the date of 01/01/19. Who is scheduled to be in DC just before that date? Mahdi...Who told us Monetary Reforms can take up to 5 years time? The IMF. Who told us that as of 01/01/18 that the second set of books were completed for four years? Yep! [Guru] Walkingstick! Well 01/01/2019 is the fifth year... Now that may all be circumstantial to you all, but, it sure isn’t to me... in fact the evidence suggests this year will be taken care of possibly as soon as tomorrow night [Monday] 11:59:59!! One more thing, the source that brought me the forex traders, brought me that the high level traders expect the iqd should go live 01/02/2019 or 01/03/2019 per holiday trading time lines.. [post 2 of 2]
12-31-2018 Newshound Guru MilitiaMan They want the taxes and tariffs and big time...They will get a slice of that pie... ...simple math shows us that they (Alak) have given forward guidance as to where they are headed if not right out the gate. A program rate at .00083 is simply not what the Fab 4 are looking to get a % of...It will be based on a new international and very supported true value of imo over $6.00 (at least per the math based on Alak loan value he gave of $5,000,000.00 in an interview). Those taxes and tariffs will raise the value of their currency. The formula to calculate REER and NEER is done, just yet to be applied. One thing I have said in the past is, “The longer they take, the more money we make.”...what I mean by that Is the rate has been growing if in fact the new source (unsolicited) is right. Regardless what we will get will be a benefit for us all. [post 1 of 2....stay tuned]
quote: "The oil and energy parliamentary committee confirmed its intention TO APPROVE THE OIL AND GAS LAW DURING THE CURRENT PARLIAMENTARY SESSION." Iraq will need HCL and Article 140 to forward with a reinstatement...So it looks like this new govt is in support of getting this done, finally.
12-31-2018 Newshound Guru Sunkissed Article: "The Central Bank allows companies to mediate the sale and purchase of foreign currencies" THIS IS PART OF WHAT WE ARE ALL LOOKING FOR!!! imo. When a company "mediates the sale" -- that 's a fancy way to say that they get to take a percentage of the profit...a broker's fee! They are outright telling you that the IQD will be traded - bought and sold - by big investment brokers. In other words...rather than the auctions done by the CBI -- now you want to EXCHANGE dinar for another currency, like the USD, Rial, Yuan, etc. Go to a brokerage firm that handles that. You don't need to come to the CBI to buy and sell the dinar or any other foreign currency! For me, this is the preamble for stopping the auctions!!
12-31-2018 Newshound Guru MilitiaMan As for a couple other items centering around the taxes and the date of 01/01/19. Who is scheduled to be in DC just before that date? Mahdi...Who told us Monetary Reforms can take up to 5 years time? The IMF. Who told us that as of 01/01/18 that the second set of books were completed for four years? Yep! [Guru] Walkingstick! Well 01/01/2019 is the fifth year... Now that may all be circumstantial to you all, but, it sure isn’t to me... in fact the evidence suggests this year will be taken care of possibly as soon as tomorrow night [Monday] 11:59:59!! One more thing, the source that brought me the forex traders, brought me that the high level traders expect the iqd should go live 01/02/2019 or 01/03/2019 per holiday trading time lines.. [post 2 of 2]
12-31-2018 Newshound Guru MilitiaMan They want the taxes and tariffs and big time...They will get a slice of that pie... ...simple math shows us that they (Alak) have given forward guidance as to where they are headed if not right out the gate. A program rate at .00083 is simply not what the Fab 4 are looking to get a % of...It will be based on a new international and very supported true value of imo over $6.00 (at least per the math based on Alak loan value he gave of $5,000,000.00 in an interview). Those taxes and tariffs will raise the value of their currency. The formula to calculate REER and NEER is done, just yet to be applied. One thing I have said in the past is, “The longer they take, the more money we make.”...what I mean by that Is the rate has been growing if in fact the new source (unsolicited) is right. Regardless what we will get will be a benefit for us all. [post 1 of 2....stay tuned]
12-30-2018 Newshound/Intel Guru Mnt Goat ...Just so everyone knows that there was NO violation of sovereignty since the Iraqi government did know about the visit. There was no meeting with Iraqi officials due to the timing of the meeting and still the uncertain security situation. The renewed “US-Iraqi Status of Forces Agreement” (SOFA) is still in force and legally allows US forces to travel to Iraqi bases. This was renewed in order for the US to come into Iraq and help fight ISIS. Remember?
12-30-2018 Newshound/Intel Guru Mnt Goat ...Folks there is just too much coincidences happening and too many parallels with Iraq and the USA. You really have to settle down and quiet your mind and just think about it all rationally. We are in a HUGE transition period. We have the power to bring it sooner than later. We can make this happen...
12-30-2018 Newshound/Intel Guru Mnt Goat ...Folks there is just too much coincidences happening and too many parallels with Iraq and the USA. You really have to settle down and quiet your mind and just think about it all rationally. We are in a HUGE transition period. We have the power to bring it sooner than later. We can make this happen...
12-29-2018 Intel Guru RVAlready “We are close but we still have a large group in Iraq that doesn't want this. That's our problem” I do not think Iraq has a large anti-RV group. Perhaps more a few powerful guys with vested interests, and a few that hate the west…. I think the general populace favors the RV…… There is, undoubtably, a group of hard core, anti-western thinkers, some aligned with Iran, some not, that do not want an RV…I prefer to concentrate on receiving the blessing, and going from there…
12-29-2018 Intel Guru RVAlready “I really think that this new government is the key and that's why iraq is having so much trouble getting it finalized because they are fighting against Iranian influence.” The RV will help so many people. It is a shame to see it held up. BTW, it will also benefit Iran, so I do not see that as a reason for a hold….. We already congratulated Iraq on having the government done. And the 3 presidents could always take the last 3 posts…Yes, their [Iran’s] government hates the west. But I do not think that is the hold. I think Jan 1 is the plan date. I do not think the CBI is holding it back. Everything I have seen says CBI wants this done.
12-29-2018 Newshound Guru MilitiaMan My view is Mahdi is in DC now... Article quote: “He’s [President Trump] staying in Washington, D.C., over New Year’s. He’s canceled his plans for Christmas. Now, he’s canceled his plans for New Year’s,” That is a good find. It supports Mahdi and Trump, have business to tie up... imo...I see no cancellation of their meeting.. imo.
12-29-2018 Newshound/Intel Guru Mnt Goat I told everyone there are still two remaining laws to be passed to fulfill the constitutional requirements. I was told many years ago without a full implementation of the constitution there will be no reinstatement of the dinar...So...we see the HCL this week and last week Iraq talked about the Article 140 requirement. Why is this? ...the GOI has to do its part and make sure the proper bills go before parliament and parliament passes them...Or no reinstatement. So all this news about passing HCL and Article 140 suddenly shows each time we get close to any reinstatement.
12-29-2018 Newshound/Intel Guru RVAlready No reason to be pessimistic about the RV at this point…..We just have no new data. There was no positive data before the Kuwait change either.
12-29-2018 Intel Guru ADMINBILL I DO NOT BELIEVE 2018 IS IN OUR CARDS SO I AM FOCUSING ON 2019. THERE APPEAR TO BE MANY THINGS COMING TO A MEETING POINT VERY SOON.
12-29-2018 Intel Guru RVAlready “I really think that this new government is the key and that's why iraq is having so much trouble getting it finalized because they are fighting against Iranian influence.” The RV will help so many people. It is a shame to see it held up. BTW, it will also benefit Iran, so I do not see that as a reason for a hold….. We already congratulated Iraq on having the government done. And the 3 presidents could always take the last 3 posts…Yes, their [Iran’s] government hates the west. But I do not think that is the hold. I think Jan 1 is the plan date. I do not think the CBI is holding it back. Everything I have seen says CBI wants this done.
12-29-2018 Newshound Guru MilitiaMan My view is Mahdi is in DC now... Article quote: “He’s [President Trump] staying in Washington, D.C., over New Year’s. He’s canceled his plans for Christmas. Now, he’s canceled his plans for New Year’s,” That is a good find. It supports Mahdi and Trump, have business to tie up... imo...I see no cancellation of their meeting.. imo.
12-29-2018 Newshound/Intel Guru Mnt Goat I told everyone there are still two remaining laws to be passed to fulfill the constitutional requirements. I was told many years ago without a full implementation of the constitution there will be no reinstatement of the dinar...So...we see the HCL this week and last week Iraq talked about the Article 140 requirement. Why is this? ...the GOI has to do its part and make sure the proper bills go before parliament and parliament passes them...Or no reinstatement. So all this news about passing HCL and Article 140 suddenly shows each time we get close to any reinstatement.
12-29-2018 Newshound/Intel Guru RVAlready No reason to be pessimistic about the RV at this point…..We just have no new data. There was no positive data before the Kuwait change either.
12-29-2018 Intel Guru ADMINBILL I DO NOT BELIEVE 2018 IS IN OUR CARDS SO I AM FOCUSING ON 2019. THERE APPEAR TO BE MANY THINGS COMING TO A MEETING POINT VERY SOON.
12-28-2018 Newshound/Intel Guru Mnt Goat I am hopeful that 2019 will finally be our year. Right now, it is surely shaping up that way. I can’t predict if the reinstatement will happen right at the first week in January but I will say it is very close as we see many signs. Yes, the CBI is still targeting sometime in January as this is the BEST time to do the reinstatement (but not the ONLY time they can do it).
12-28-2018 Newshound/Intel Guru Arthur There is a direct correlation as to why we have never seen an implemented HCL and we have not seen the deletion of the zeros. IMO the HCL was always designed to be distributed in revaluated IQD. There is question as to whether the RV needs the HCL or the HCL needs the RV but either way they go hand in hand and need each other. The timing of this article is by no means coincidental. Nor was the "secret" visit of the POTUS to Iraq. The beginning of the 1st quarter of 2019 is looking very promising indeed. [post 2 of 2]
12-28-2018 Newshound/Intel Guru Arthur GOI + HCL= RV. GOI wise... its gonna require the voting in of the 3 remaining important ministers or the PM temporarily absorbing these ministries by proxy. As for the HCL "Parliamentary intention to pass the law «oil and gas." A member of the oil and energy parliamentary committee on the reform and reconstruction movement, Ali Aboudi, the determination of his committee to approve the law of oil and gas, during the current parliamentary session." He went on to state the importance of passing this law now and that they need to "join the process of distributing the oil wealth to the people." [post 1 of 2....stay tuned]
12-28-2018 Intel Guru Bruce ...We understand that everything went very well at the celebration for Iraq. I believe they have done everything we, the US and the UN, and the IMF have requested of them to do. I know that there is a group of delegates coming from Iraq to the United States here in a matter of days...Why in the world would they be coming over here? Is there something to announce. Is there something else we are going to acknowledge about Iraq? ... I heard that the rates are pretty much on the screens except we have pending notification by dinar...So when everything solidifies the pending will go away and those rates will be solid and live...We didn’t have the Christmas we thought we would have, but will we have a New Year’s celebration like we have never had before? I think that is very possible. [post 2 of 2]
12-28-2018 Intel Guru Bruce ...we were given some information... that pointed to before the end of the year. I am going to say that information I have is still valid...First of all you know President Trump made a surprise trip to Christmas Day...Yes, he did greet the troops that were there and...In addition to that his main reason for going, even though that was very important, certainly very important part of it, was to congratulate Mahdi on putting their new Parliamentary form of Government together. So he meant [met ?] not only with Mahdi, Abadi, A-lak from CBI, Barzani, and etc. He meant [met ?] with them to congratulate them and celebrate with them...We know that because we had people there for that celebration...My understanding is that he said some things relative to having a monetary reform this week and that it would be good for us. [post 1 of 2....stay tuned]
12-28-2018 Newshound/Intel Guru Arthur There is a direct correlation as to why we have never seen an implemented HCL and we have not seen the deletion of the zeros. IMO the HCL was always designed to be distributed in revaluated IQD. There is question as to whether the RV needs the HCL or the HCL needs the RV but either way they go hand in hand and need each other. The timing of this article is by no means coincidental. Nor was the "secret" visit of the POTUS to Iraq. The beginning of the 1st quarter of 2019 is looking very promising indeed. [post 2 of 2]
12-28-2018 Newshound/Intel Guru Arthur GOI + HCL= RV. GOI wise... its gonna require the voting in of the 3 remaining important ministers or the PM temporarily absorbing these ministries by proxy. As for the HCL "Parliamentary intention to pass the law «oil and gas." A member of the oil and energy parliamentary committee on the reform and reconstruction movement, Ali Aboudi, the determination of his committee to approve the law of oil and gas, during the current parliamentary session." He went on to state the importance of passing this law now and that they need to "join the process of distributing the oil wealth to the people." [post 1 of 2....stay tuned]
12-28-2018 Intel Guru Bruce ...We understand that everything went very well at the celebration for Iraq. I believe they have done everything we, the US and the UN, and the IMF have requested of them to do. I know that there is a group of delegates coming from Iraq to the United States here in a matter of days...Why in the world would they be coming over here? Is there something to announce. Is there something else we are going to acknowledge about Iraq? ... I heard that the rates are pretty much on the screens except we have pending notification by dinar...So when everything solidifies the pending will go away and those rates will be solid and live...We didn’t have the Christmas we thought we would have, but will we have a New Year’s celebration like we have never had before? I think that is very possible. [post 2 of 2]
12-28-2018 Intel Guru Bruce ...we were given some information... that pointed to before the end of the year. I am going to say that information I have is still valid...First of all you know President Trump made a surprise trip to Christmas Day...Yes, he did greet the troops that were there and...In addition to that his main reason for going, even though that was very important, certainly very important part of it, was to congratulate Mahdi on putting their new Parliamentary form of Government together. So he meant [met ?] not only with Mahdi, Abadi, A-lak from CBI, Barzani, and etc. He meant [met ?] with them to congratulate them and celebrate with them...We know that because we had people there for that celebration...My understanding is that he said some things relative to having a monetary reform this week and that it would be good for us. [post 1 of 2....stay tuned]
12-27-2018 *** Dinar Guru News Flash *** U.S. President Donald Trump made a surprise visit to the troops in Iraq on Christmas evening. It's reported he assured Iraq there are no plans for the U.S. to end operations or support in the region. Stay tuned as the gurus chime in on the significance of the President Trump's visit. The latest posts will continue below...
12-27-2018 Newshound/Intel Guru RVAlready ...I feel we are headed for the RV. The 2019 Iraq budget is written in post-RV numbers (billions, not trillions, of dinar). Iraq needs this RV to move forward. The CBI is clearly planning to get this done. To me, everything else is just noise.
12-27-2018 Newshound Guru Kaperoni Quote from John Bolton, Assistant to the President for National Security Affairs: "In Iraq, President Trump spoke w/ US military leaders about the progress to secure total victory against ISIS. He also spoke w/ Iraqi Prime Minister Adil Abdul-Mahdi, and invited him to visit the White House. We look forward to hosting him DC."
12-27-2018 Newshound/Intel Guru Mnt Goat "PRESIDENT TRUMP MAKES CHRISTMAS VISIT TO TROOPS IN IRAQ" So this really happened. It has NOTHING to do with the reinstatement of the currency...However, it a sign to us that the country is getting safer. But a “state” visit was NOT the purpose of this trip for Trump. He promised to return when the government is “fully” formed. Wow! This simply a visit to the armed forces base in Anbar...the visit was not actually surprising to the Iraq government but was asked to be kept quiet. Trump did say he fully intended someday soon to return for an “official state visit” but only when Iraq was ready.
12-27-2018 Intel Guru ADMINBILL Keep your eye on the ball during the coming week and into 2019...Remember, this is a process...Truth will soon prevail...We win.
12-27-2018 Newshound/Intel Guru tman23 Damn interesting that Secretary Treasurer Steve Munchin shook the markets after it leaked that he called banks to check if they had enough liquidity...WELL DO THEY?? AND WHAT IS ABOUT TO COME? It is getting close to the New Year when Iraq MUST do the ZEROS...we shall see what that entails as this is also the year for USA infrastructre rebuild to kickoff...Like what i'm seeing...hopefully the dinar bares fruit shortly!
12-27-2018 Newshound Guru Kaperoni Quote from John Bolton, Assistant to the President for National Security Affairs: "In Iraq, President Trump spoke w/ US military leaders about the progress to secure total victory against ISIS. He also spoke w/ Iraqi Prime Minister Adil Abdul-Mahdi, and invited him to visit the White House. We look forward to hosting him DC."
12-27-2018 Newshound/Intel Guru Mnt Goat "PRESIDENT TRUMP MAKES CHRISTMAS VISIT TO TROOPS IN IRAQ" So this really happened. It has NOTHING to do with the reinstatement of the currency...However, it a sign to us that the country is getting safer. But a “state” visit was NOT the purpose of this trip for Trump. He promised to return when the government is “fully” formed. Wow! This simply a visit to the armed forces base in Anbar...the visit was not actually surprising to the Iraq government but was asked to be kept quiet. Trump did say he fully intended someday soon to return for an “official state visit” but only when Iraq was ready.
12-27-2018 Intel Guru ADMINBILL Keep your eye on the ball during the coming week and into 2019...Remember, this is a process...Truth will soon prevail...We win.
12-27-2018 Newshound/Intel Guru tman23 Damn interesting that Secretary Treasurer Steve Munchin shook the markets after it leaked that he called banks to check if they had enough liquidity...WELL DO THEY?? AND WHAT IS ABOUT TO COME? It is getting close to the New Year when Iraq MUST do the ZEROS...we shall see what that entails as this is also the year for USA infrastructre rebuild to kickoff...Like what i'm seeing...hopefully the dinar bares fruit shortly!
12-26-2018 *** Dinar Guru News Update *** Two ministers positions have been voted on and seated. Only 6 seats remain open...these include the Interior, Justice and Defense Ministries. The latest guru posts will continue below...
12-26-2018 Newshound/Intel Guru Mnt Goat Article: "THE PARLIAMENTARY ECONOMY REVEALS EFFORTS TO AMEND THE INVESTMENT LAW TO INCREASE OPPORTUNITIES" Folks this is a BIG one. This law needed to be amended to facilitate foreign investors into Iraq. This was noted in the Kuwaiti conference and so finally we see it amended almost a year later. They sure do take their time…lol...We know for a FACT that the reinstatement of the dinar is supposed to be the launching pin of the 2018-2022 reconstruction effort. Article quote: “and to raise the market value of the Iraqi dinar”
12-26-2018 Newshound Guru Kaperoni Article quote: "President Trump and the First Lady traveled to Iraq late on Christmas night to visit with our troops and Senior Military leadership to thank them for their service, their success, and their sacrifice and to wish them a Merry Christmas." Trump makes a surprise visit to Iraq.
12-26-2018 Newshound Guru chattels Article: "Iraqi blocs resume their dialogues for "consensus" on the remaining three ministries of the government" Quote: " ...the remaining three ministries: the defense, the interior and justice, waiting to vote in future sessions. "
12-26-2018 Newshound/Intel Guru Mnt Goat HERE COMES ARTICLE 140, JUST IN TIME? Quote: "The President of the House of Representatives, Mohamed Halbusi, the request to host the Implementation Committee Article (140) of the Constitution to discuss the reasons for not completing the work that was formed for it." So here it is again. Folks this is not my FAKE news. This is real and finally it seems that going to implement Article 140 or pursue it again. Many say it is already done. NOT true. Like I keep telling everyone there needs to be a formal referendum (that is already written and send to parliament) then it needs to be voted on and implemented. Then it is done.[See the Dinar Guru Resource Bar on the left of this page for the full "possible list of to-do's" list.]
12-26-2018 Newshound Guru Kaperoni Article quote: "President Trump and the First Lady traveled to Iraq late on Christmas night to visit with our troops and Senior Military leadership to thank them for their service, their success, and their sacrifice and to wish them a Merry Christmas." Trump makes a surprise visit to Iraq.
12-26-2018 Newshound Guru chattels Article: "Iraqi blocs resume their dialogues for "consensus" on the remaining three ministries of the government" Quote: " ...the remaining three ministries: the defense, the interior and justice, waiting to vote in future sessions. "
12-26-2018 Newshound/Intel Guru Mnt Goat HERE COMES ARTICLE 140, JUST IN TIME? Quote: "The President of the House of Representatives, Mohamed Halbusi, the request to host the Implementation Committee Article (140) of the Constitution to discuss the reasons for not completing the work that was formed for it." So here it is again. Folks this is not my FAKE news. This is real and finally it seems that going to implement Article 140 or pursue it again. Many say it is already done. NOT true. Like I keep telling everyone there needs to be a formal referendum (that is already written and send to parliament) then it needs to be voted on and implemented. Then it is done.[See the Dinar Guru Resource Bar on the left of this page for the full "possible list of to-do's" list.]
12-25-2018 Newshound Guru MilitiaMan Article: "Kurdish parties announce two agreements on Kirkuk" Well this sounds to me like they have things hammered out, as they have an official book out in circulation on the matter of Article 140. They apparently are getting their share of what is entitled to them. In other words they are getting paid here soon and or now... If that is what this is saying, it is a very good sign and the timing is absolutely perfect to end they 2018 year and usher in the new into 2019.. We all expect to see the new currency (small categories) with the Kurds language on it too. Time will tell. imo.
12-25-2018 Newshound/Intel Guru Mnt Goat Article: "SAUDI ARABIA KEEPS THE EXCHANGE RATE PEGGED AT 3.75 RIYALS TO THE DOLLAR" Quote: "Saudi Arabia keeps the exchange rate pegged at 3.75 Riyals to the dollar." The question is this - Can Iraq sustain an 8th of a penny per dinar and think that it can easily trade with neighboring countries in an open market? How about incoming investors? How will they get their profits out of Iraq? Will they have to convert their profits in dinars to the US dollars first in the CBI currency auction? Oh – but maybe this is what Washington wants since it will create a demand for US Dollars and help stabilize the rate of the US dollar? Just asking. Could this also be part of the holdup in reinstating the dinar back to international status?
12-25-2018 Newshound Guru Breitling Every once in a while I’ll get an email that says, “Hey, what are your sources saying in Iraq.” I don’t have “sources” anywhere. There’s nobody in Iraq that can explain geopolitics and how this works or how currency works or anything like that. They don’t have a damn clue. The people I talk to actually they have access to people in the parliament…what I do is try to get at is, what are they talking about…then I can gauge what they are thinking. That’s all it is. I don’t have “insider” information. I don’t need it and neither should you. That’s the whole point of me trying to talk and frame this up the way it is, the reality of it based on geopolitics…you should be very very happy right now…I know this stuff takes a long time…it was never meant to be a “get quick rich scheme”…that’s the hype that I hate. Hype is out of the window…Reality. Geopolitics. Markets. That’s it. You should be very very happy.
12-25-2018 Intel/Newshound Guru sandyf [...currencies fluctuate that is a fact!] It is not a fact. Only currencies on a floating exchange arrangement move on a continuous basis in line with foreign exchange activity, known as appreciation/depreciation. Currencies on a fixed exchange arrangement are exactly that, "fixed" by the country concerned, they do not fluctuate. If a significant difference develops between the foreign exchange market and the fixed rate, the central bank may intervene to remove the differential. This used to be common in Vietnam, they had many devaluations over a short period of time. Fixed exchange currencies are revalued/devalued. Only about a third of the world's currencies are on a floating exchange arrangement.
12-25-2018 Newshound/Intel Guru Mnt Goat Article: "SAUDI ARABIA KEEPS THE EXCHANGE RATE PEGGED AT 3.75 RIYALS TO THE DOLLAR" Quote: "Saudi Arabia keeps the exchange rate pegged at 3.75 Riyals to the dollar." The question is this - Can Iraq sustain an 8th of a penny per dinar and think that it can easily trade with neighboring countries in an open market? How about incoming investors? How will they get their profits out of Iraq? Will they have to convert their profits in dinars to the US dollars first in the CBI currency auction? Oh – but maybe this is what Washington wants since it will create a demand for US Dollars and help stabilize the rate of the US dollar? Just asking. Could this also be part of the holdup in reinstating the dinar back to international status?
12-25-2018 Newshound Guru Breitling Every once in a while I’ll get an email that says, “Hey, what are your sources saying in Iraq.” I don’t have “sources” anywhere. There’s nobody in Iraq that can explain geopolitics and how this works or how currency works or anything like that. They don’t have a damn clue. The people I talk to actually they have access to people in the parliament…what I do is try to get at is, what are they talking about…then I can gauge what they are thinking. That’s all it is. I don’t have “insider” information. I don’t need it and neither should you. That’s the whole point of me trying to talk and frame this up the way it is, the reality of it based on geopolitics…you should be very very happy right now…I know this stuff takes a long time…it was never meant to be a “get quick rich scheme”…that’s the hype that I hate. Hype is out of the window…Reality. Geopolitics. Markets. That’s it. You should be very very happy.
12-25-2018 Intel/Newshound Guru sandyf [...currencies fluctuate that is a fact!] It is not a fact. Only currencies on a floating exchange arrangement move on a continuous basis in line with foreign exchange activity, known as appreciation/depreciation. Currencies on a fixed exchange arrangement are exactly that, "fixed" by the country concerned, they do not fluctuate. If a significant difference develops between the foreign exchange market and the fixed rate, the central bank may intervene to remove the differential. This used to be common in Vietnam, they had many devaluations over a short period of time. Fixed exchange currencies are revalued/devalued. Only about a third of the world's currencies are on a floating exchange arrangement.
12-24-2018 Intel Guru RayRen98 Iraqi TV is broadcasting a member from Parliament stating that Iraq has entered a "new phase" of stability and security. The Budget has been finalized with the second reading. The 5 remaining cabinet members have not been concluded...yet.
12-24-2018 Newshound Guru Breitling They [Iraq] need to do two things with the oil prices going down. They need business and international investments coming into Iraq. Well they’ve set that stage up for the last five or six years…and they haven’t stopped. They’re still trying to do it today…the other part is if they are not making money selling energy…what currency are they using to make money off that energy? The U.S. dollar. If they are not bring in any U.S. dollars that cuts them off at the knees right? They need to add value to their currency. That’s exactly what they’re talking about. [Post 2 of 2]
12-24-2018 Newshound Guru Breitling Everyone knows I don’t do date and rate but people [ask] what’s the season [approximate time]? The reason people are asking me that…the reason that question has been so heavy lately is because you start looking at the price per barrel. It’s getting into that range where it’s a threat to Iraq. That means you guys are paying attention! That makes me so happy…These guys are getting to the breaking point. Bingo…Thank God for us that we’ve invested in a currency that is Iraq’s weapon. That is their savior to add value to their currency. But it’s a two pronged attack for Iraq. [Post 1 of 2]
12-24-2018 Intel Guru Jester MAYBE I SHOULD TELL YOU ABOUT THE WINDOW WE SEE COMING UP JUST AFTER CHRISTMAS...SEEMS LIKE THE COMMENT WAS MADE TO PEOPLE IN THE KNOW THAT 'DOESN'T LOOK LIKE WE WILL GET ANYTHING BY THE END OF 2018'...ANYWAY... THE ANSWER WAS "I NEVER SAID THAT"... SO THAT SURE MAKES YOU THINK...BUT WE SEEM TO HAVE AN ACTIVE WINDOW BETWEEN DEC 27TH AND JAN 11TH... SO WE WILL HAVE TO SEE HOW IT GOES...
12-24-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQ AND IRAN ARE ENGAGED IN NEGOTIATIONS TO SET UP CREDIT ARRANGEMENTS FOR TRADE IN THEIR NATIONAL CURRENCIES" ...so this article proves once again that they Iraq dinar is NOT yet being used for trade with Iran replacing the US dollar. They are hoping they can do this but we all should know they CAN NOT without the reinstatement taking place and the dinar going international. This must come first. But this is yet another item to put pressure on the CBI to get it done.
12-24-2018 Newshound Guru Breitling They [Iraq] need to do two things with the oil prices going down. They need business and international investments coming into Iraq. Well they’ve set that stage up for the last five or six years…and they haven’t stopped. They’re still trying to do it today…the other part is if they are not making money selling energy…what currency are they using to make money off that energy? The U.S. dollar. If they are not bring in any U.S. dollars that cuts them off at the knees right? They need to add value to their currency. That’s exactly what they’re talking about. [Post 2 of 2]
12-24-2018 Newshound Guru Breitling Everyone knows I don’t do date and rate but people [ask] what’s the season [approximate time]? The reason people are asking me that…the reason that question has been so heavy lately is because you start looking at the price per barrel. It’s getting into that range where it’s a threat to Iraq. That means you guys are paying attention! That makes me so happy…These guys are getting to the breaking point. Bingo…Thank God for us that we’ve invested in a currency that is Iraq’s weapon. That is their savior to add value to their currency. But it’s a two pronged attack for Iraq. [Post 1 of 2]
12-24-2018 Intel Guru Jester MAYBE I SHOULD TELL YOU ABOUT THE WINDOW WE SEE COMING UP JUST AFTER CHRISTMAS...SEEMS LIKE THE COMMENT WAS MADE TO PEOPLE IN THE KNOW THAT 'DOESN'T LOOK LIKE WE WILL GET ANYTHING BY THE END OF 2018'...ANYWAY... THE ANSWER WAS "I NEVER SAID THAT"... SO THAT SURE MAKES YOU THINK...BUT WE SEEM TO HAVE AN ACTIVE WINDOW BETWEEN DEC 27TH AND JAN 11TH... SO WE WILL HAVE TO SEE HOW IT GOES...
12-24-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQ AND IRAN ARE ENGAGED IN NEGOTIATIONS TO SET UP CREDIT ARRANGEMENTS FOR TRADE IN THEIR NATIONAL CURRENCIES" ...so this article proves once again that they Iraq dinar is NOT yet being used for trade with Iran replacing the US dollar. They are hoping they can do this but we all should know they CAN NOT without the reinstatement taking place and the dinar going international. This must come first. But this is yet another item to put pressure on the CBI to get it done.
12-23-2018 Intel Guru RayRen98 PARLIAMENT MEETS ON SUNDAY (SUPPOSEDLY) TO VOTE ON THE REMAINING 5 CABINET MEMBERS, SAYING THEY WANT IT ALL DONE BY YEAR'S END.
12-23-2018 Newshound Guru chattels Article quote: "Oil prices will fall to $""30 so the price of oil in the budget should be changed next year" I think that Iraq needs around $ 40 per barrel just to pay government salaries.
12-23-2018 Newshound Guru Walkingstick A redenomination is not introduced for inflationary/ hyper-inflation reason/ s, only... A factor, that certainly ...does not, apply to Iraq. The redenomination may also be employed for decimalisation and the adoption of a new currency...The latter, applying to Iraq...Nor, is the introduction/ adoption of a RD restricted to a new fiscal year... It may, and has been employed ...year ending, mid year and the beginning of a new year...One of, many factors...a country, may opt for... when employing this process... Keep in mind....the reason/s for adopting a RD, the manner in which it is employed, may differ ...
12-23-2018 Newshound Guru Kaperoni There will never be a re-instatment. A currencies appreciation depends on a countries economic success. Nothing happens overnight. ...Nothing is going to happen for a while yet. Iraq has much to do and still must complete the government.
12-23-2018 Newshound/Intel Guru Mnt Goat Article: "THE FIRST IRAQI BANK TO RECEIVE AN INTERNATIONALLY RECOGNIZED CREDIT RATING" Quote: "The credit rating agency Fitch announced on Wednesday that the Iraqi Trade Bank with B-degree with a stable outlook." ...the Iraq Bank of Trade is the largest bank in Iraq and was set up in 2003 specifically for conducting trade with neighboring countries. But this has not always been the case. But now things are beginning to see the light and moving ahead as planned almost a decade ago. This new status is really good news. Everyone should be VERY happy today. This news however does NOT mean the currency is now international.
12-23-2018 Newshound Guru chattels Article quote: "Oil prices will fall to $""30 so the price of oil in the budget should be changed next year" I think that Iraq needs around $ 40 per barrel just to pay government salaries.
12-23-2018 Newshound Guru Walkingstick A redenomination is not introduced for inflationary/ hyper-inflation reason/ s, only... A factor, that certainly ...does not, apply to Iraq. The redenomination may also be employed for decimalisation and the adoption of a new currency...The latter, applying to Iraq...Nor, is the introduction/ adoption of a RD restricted to a new fiscal year... It may, and has been employed ...year ending, mid year and the beginning of a new year...One of, many factors...a country, may opt for... when employing this process... Keep in mind....the reason/s for adopting a RD, the manner in which it is employed, may differ ...
12-23-2018 Newshound Guru Kaperoni There will never be a re-instatment. A currencies appreciation depends on a countries economic success. Nothing happens overnight. ...Nothing is going to happen for a while yet. Iraq has much to do and still must complete the government.
12-23-2018 Newshound/Intel Guru Mnt Goat Article: "THE FIRST IRAQI BANK TO RECEIVE AN INTERNATIONALLY RECOGNIZED CREDIT RATING" Quote: "The credit rating agency Fitch announced on Wednesday that the Iraqi Trade Bank with B-degree with a stable outlook." ...the Iraq Bank of Trade is the largest bank in Iraq and was set up in 2003 specifically for conducting trade with neighboring countries. But this has not always been the case. But now things are beginning to see the light and moving ahead as planned almost a decade ago. This new status is really good news. Everyone should be VERY happy today. This news however does NOT mean the currency is now international.
12-22-2018 Newshound/Intel Guru Mnt Goat Iraq is slotted to be a “central hub” of commerce for the Middle East. But a dinar rate of just 1/8 of a penny is not sufficient to make this happen!
12-22-2018 Newshound/Intel RVAlready [Finding it a little hard to believe that everything is done, since they keep stalling.] ...hate to say it, but I think the target has been 1 Jan 2019 for quite a while. They just kick the can from one target date to another. This time, everything actually looks ready to go.
12-22-2018 Newshound Guru Kaperoni ...There will never be a re-instatment. A currencies appreciation depends on a countries economic success. Nothing happens overnight. Nothing is happening through the end of the year... Iraq has much yet to do before they can begin to float the dinar.
12-22-2018 Newshound/Intel Guru RVAlready The RV seems poised to go. I think it is a high priority item for Iraq at this point. They have invested a lot of time doing all the preparatory steps. I do not think they will put it on the back burner at this point.
12-22-2018 Intel Guru RayRen98 The vote on the 5 remaining cabinet members is supposed to take place on Saturday. These are reported as new names for consideration. It appears that the citizens are not happy with these new candidates...Time Will Tell. On Iraqi TV, requests for Mahdi to show the economic reform were sporadically broadcast.
12-22-2018 Newshound/Intel RVAlready [Finding it a little hard to believe that everything is done, since they keep stalling.] ...hate to say it, but I think the target has been 1 Jan 2019 for quite a while. They just kick the can from one target date to another. This time, everything actually looks ready to go.
12-22-2018 Newshound Guru Kaperoni ...There will never be a re-instatment. A currencies appreciation depends on a countries economic success. Nothing happens overnight. Nothing is happening through the end of the year... Iraq has much yet to do before they can begin to float the dinar.
12-22-2018 Newshound/Intel Guru RVAlready The RV seems poised to go. I think it is a high priority item for Iraq at this point. They have invested a lot of time doing all the preparatory steps. I do not think they will put it on the back burner at this point.
12-22-2018 Intel Guru RayRen98 The vote on the 5 remaining cabinet members is supposed to take place on Saturday. These are reported as new names for consideration. It appears that the citizens are not happy with these new candidates...Time Will Tell. On Iraqi TV, requests for Mahdi to show the economic reform were sporadically broadcast.
12-21-2018 Newshound Guru Adam Montana [What’s up with the GOI formation? Will it happen? In your opinion, do you think this is coming closer to an RV?] GOI formation is proceeding very good IMO. Everyone should keep in mind that Iraq will never have a fully seated government with absolutely 0 contested seats. We are talking about a society that operates very different than anywhere outside the Middle East. 80% good is about as good as it will ever get, and we are pretty much there.
12-21-2018 Intel Guru ADMINBILL WE SEEM TO BE IN A STATE OF FLUX AS FAR AS THE CURRENCY MOVEMENT IS TODAY. WE SHALL SEE. I TEND TO BELIEVE THAT THE PROCESS HAS SLOWED BUT IS STILL WINDING ITS WAY TOWARDS A CONCLUSION. I ANTICIPATE A CONCLUSION FOR THE MAJOR "TIERS" BEFORE THE END OF THE YEAR WITH THE PUBLIC LAUNCH IN JANUARY.
12-21-2018 Newshound/Intel Guru Mnt Goat We are just waiting for the next step. I know they have a target for EARLY 2019 to reinstate the currency...We almost witnessed this reinstatement last January and if it was not for some factors that occurred back then we would not be here today again at this time...I am telling everyone now...the flood gates are about to open. It is all going to come real fast and with a great change to Iraq. With this flood will bring what we want- finally! Be patient and hang in there, it is coming. It may be very quiet now but not for very long.
12-21-2018 Intel Guru Bruce We know that the timing of this is designed. I am pointed toward before Christmas...That is the information I am getting. I am not getting for us that is pointing to after the first of the year or after Christmas. I have heard this is intended to go by or before Saturday...Intention of this White House of our President Trump is to let us have this for us before Christmas. ...I am encouraged by the fact that we are there. We have a rough time frame that we think is still intact. [post 2 of 2]
12-21-2018 Intel Guru Bruce We do not normally do rates, but I will tell you this...the dong has been going up in value. The dong was in just under the $5 range today. Just under $5 on the front screen. I can’t tell you where the dinar is on the front screen right now, because I do not know that number. ...We have been told that the rates for these currencies should be updated and new by this afternoon [Thursday]. ...That is usually a good sign of things happening on the Forex, on the World Markets. ...I know that was the intention. [post 1 of 2....stay tuned]
12-21-2018 Newshound Guru Adam Montana [I've been remembering back to Iraq being removed from Chapter 7 (UN) and some of the process involved....How does current GOI environment compare and what is similar / different getting HCL in place?] I think the main difference would be the players involved - Chapter 7 was an outside decision. They were at the mercy of the UN(etc) on that one. HCL is not that way - this is an internal decision. The HCL is done when Iraq says it is done, and no outside influences can stop them.
12-21-2018 Newshound/Intel Guru Walkingstick The timing/ change of the exchange rate, of.. any country... is not, dictated ..by, the date/s listed on the UN operational rate/s of exchange..
12-21-2018 Intel Guru ADMINBILL WE SEEM TO BE IN A STATE OF FLUX AS FAR AS THE CURRENCY MOVEMENT IS TODAY. WE SHALL SEE. I TEND TO BELIEVE THAT THE PROCESS HAS SLOWED BUT IS STILL WINDING ITS WAY TOWARDS A CONCLUSION. I ANTICIPATE A CONCLUSION FOR THE MAJOR "TIERS" BEFORE THE END OF THE YEAR WITH THE PUBLIC LAUNCH IN JANUARY.
12-21-2018 Newshound/Intel Guru Mnt Goat We are just waiting for the next step. I know they have a target for EARLY 2019 to reinstate the currency...We almost witnessed this reinstatement last January and if it was not for some factors that occurred back then we would not be here today again at this time...I am telling everyone now...the flood gates are about to open. It is all going to come real fast and with a great change to Iraq. With this flood will bring what we want- finally! Be patient and hang in there, it is coming. It may be very quiet now but not for very long.
12-21-2018 Intel Guru Bruce We know that the timing of this is designed. I am pointed toward before Christmas...That is the information I am getting. I am not getting for us that is pointing to after the first of the year or after Christmas. I have heard this is intended to go by or before Saturday...Intention of this White House of our President Trump is to let us have this for us before Christmas. ...I am encouraged by the fact that we are there. We have a rough time frame that we think is still intact. [post 2 of 2]
12-21-2018 Intel Guru Bruce We do not normally do rates, but I will tell you this...the dong has been going up in value. The dong was in just under the $5 range today. Just under $5 on the front screen. I can’t tell you where the dinar is on the front screen right now, because I do not know that number. ...We have been told that the rates for these currencies should be updated and new by this afternoon [Thursday]. ...That is usually a good sign of things happening on the Forex, on the World Markets. ...I know that was the intention. [post 1 of 2....stay tuned]
12-21-2018 Newshound Guru Adam Montana [I've been remembering back to Iraq being removed from Chapter 7 (UN) and some of the process involved....How does current GOI environment compare and what is similar / different getting HCL in place?] I think the main difference would be the players involved - Chapter 7 was an outside decision. They were at the mercy of the UN(etc) on that one. HCL is not that way - this is an internal decision. The HCL is done when Iraq says it is done, and no outside influences can stop them.
12-21-2018 Newshound/Intel Guru Walkingstick The timing/ change of the exchange rate, of.. any country... is not, dictated ..by, the date/s listed on the UN operational rate/s of exchange..
12-20-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQ IS ONE OF THE WORLD’S RICHEST COUNTRIES" Quote: “the Central Bank has a future plan to restructure the Iraqi currency, including the deletion of zeros”. ...to me this looks like there is a long term plan to issue a 100,000 dinar note. Why is this if they want to complete the project to delete the zeros? So this article says the CBI is holding off on this idea (pending) for now. My guess is...they are doing this and will not launch this 100,000 dinar note until after the reinstatement and then only use it for inter-banking transactions for trade and reconstruction transfers of money payments of large sums. The average citizen may NEVER see this category. So this is the real reason for this 100k note.
12-20-2018 Intel Guru Frank26 Private Banks in Iraq are ready online in a moments notice and Banks around the world online with the CBI are ready in a moments notice! ...there is no finish line because it is UNSTOPPABLE!!!
12-20-2018 Newshound Guru MilitiaMan The wind is starting to blow now...imo. The region is reflecting expectations that Iraq will raise the value of the IQD. Goldman Sachs today told us they expect the emerging markets to appreciate upwards of 10% to the good. Well, imo that may very well be low. However, not a bad trade for the big boyz. So, when I say the wind is blowing, they are gearing up for the storm. They will fill their sails and ride on Iraq's draft up. They will be in the basket of currencies. Iraq goes up the region goes up...So the precursor showing strength is showing the region knows what is coming and are getting into the currencies now to ride out the storm... In other words make more money...
12-20-2018 Intel Guru ADMINBILL Optimism for a 2018 RV/GCR remains in place and has had a minor increase. But time is running out for this year. Remember - This is a PROCESS that has no specific end date.
12-20-2018 Newshound Guru Adam Montana [When did Iraq become a sovereign nation?...] Iraq has long been a sovereign nation, but they lost some freedoms in 2003 with the overthrow of Saddam. Their currency plummeted in value, they had to travel a very long road to get where they are today. Chapter 7 was lifted in 2013, which marked a major milestone for them regaining their position in the world. Since then, they have established a very balanced and stable government and worked their way to the point we are currently at - in position to implement the new Hydro Carbon Law, which will likely trigger a change in the value their currency is traded at.
12-20-2018 Intel/Newshound Guru sandyf ...I agree with Kap [Guru Kaperoni] on a few things. There's no RI or big RV coming. There can never be any Reinstatement of the IQD, something has to have gone before it can come back. The IQD has always been the national currency of Iraq, the IQD has never been an Article 8 currency and any change in value would be a revaluation.
12-20-2018 Intel Guru Frank26 Private Banks in Iraq are ready online in a moments notice and Banks around the world online with the CBI are ready in a moments notice! ...there is no finish line because it is UNSTOPPABLE!!!
12-20-2018 Newshound Guru MilitiaMan The wind is starting to blow now...imo. The region is reflecting expectations that Iraq will raise the value of the IQD. Goldman Sachs today told us they expect the emerging markets to appreciate upwards of 10% to the good. Well, imo that may very well be low. However, not a bad trade for the big boyz. So, when I say the wind is blowing, they are gearing up for the storm. They will fill their sails and ride on Iraq's draft up. They will be in the basket of currencies. Iraq goes up the region goes up...So the precursor showing strength is showing the region knows what is coming and are getting into the currencies now to ride out the storm... In other words make more money...
12-20-2018 Intel Guru ADMINBILL Optimism for a 2018 RV/GCR remains in place and has had a minor increase. But time is running out for this year. Remember - This is a PROCESS that has no specific end date.
12-20-2018 Newshound Guru Adam Montana [When did Iraq become a sovereign nation?...] Iraq has long been a sovereign nation, but they lost some freedoms in 2003 with the overthrow of Saddam. Their currency plummeted in value, they had to travel a very long road to get where they are today. Chapter 7 was lifted in 2013, which marked a major milestone for them regaining their position in the world. Since then, they have established a very balanced and stable government and worked their way to the point we are currently at - in position to implement the new Hydro Carbon Law, which will likely trigger a change in the value their currency is traded at.
12-20-2018 Intel/Newshound Guru sandyf ...I agree with Kap [Guru Kaperoni] on a few things. There's no RI or big RV coming. There can never be any Reinstatement of the IQD, something has to have gone before it can come back. The IQD has always been the national currency of Iraq, the IQD has never been an Article 8 currency and any change in value would be a revaluation.
12-19-2018 Newshound Guru Kaperoni So tomorrow we try again to complete PM Mahdi cabinet. Fingers crossed.
12-19-2018 Intel Guru Frank26 Iraq one of the richest countries in the world...4th place globally holding the largest amount of US Bonds... Because USA is open to Iraq, because of a MIRRORING! The RI of the IQD is UNSTOPPABLE.. it is coming out of a Program Rate ...as long as International trade market gets it...it will EXPLODE!
12-19-2018 Newshound Guru Adam Montana ... I'm excited for the new year to roll in!... At the moment there is a distinct lack of news regarding HCL. I believe there is a good reason for this - and it's good for our 2019 outlook. Many many things are being taken care of, stamped, passed, and resolved right now. Things that are essential for forward progress. But, the fact remains... that pesky and elusive HCL is simply not on the table right now. As soon as we see word about it, then we can get excited! For now... patience is a virtue, and we have plenty. Don't get me wrong here! They aren't sleeping on the job... Fingers crossed for some HCL news soon...
12-19-2018 Intel Guru Bruce The one thing we were waiting here [U.S.] today and I believe we got it today. That one thing had to do with renewing an Executive Order by the President that expired yesterday [Monday] that needed to be reintroduced or re-extended as of today. ...I believe that is what may put us over the edge as far as being ready to go. I have been told they will do it in the next couple of days. They will do this final announcement of their rate and the announcement in fact they are a sovereign nation with a world exchangeable currency. Then guys we should be Go Time. I can’t give you a date or time for it, but I believe we are coming in where now does President Trump want this to go before Christmas? Yes. Is this supposed to be our week to go? Yes. [post 3 of 3]
12-19-2018 Intel Guru Bruce We got oil prices dropping below $50. That is putting a squeeze on Iraq to get done what they need to do in terms of making this announcement. It just might be right where it needs to be to get them to do that. If prices go down too much more, it is going to really bust their budget which is based on oil at a certain price which I thought was in the $44 - $46 barrel range for their budget. So this is really important. We are getting down to the wire that they need to do that. They need to release this information and get it done. I believe that was the one thing we were waiting for out of Iraq. [post 2 of 3....stay tuned]
12-19-2018 Intel Guru Bruce Every time we think Iraq is out of the way and complete we find no they needed to do one more thing... It seems like the one more thing now is just they need to announce their independence and the fact they have a revalued currency that is tradable worldwide. They just need to say it. It is more of a formality than anything else is where we are right now. Yes they were supposed to do that this morning [Tuesday]... Why didn’t it happen? What is happening OPEC is being left with about 4 oil producing countries in the organization? It is coming apart. What is happening is the US is getting bigger and bigger in oil. We are almost controlling the price of oil now whereas before Saudi Arabia was controlling the price. [post 1 of 3....stay tuned]
12-19-2018 Newshound/Intel Guru Mnt Goat This is the way I see this playing out. Suddenly Mahdi’s cabinet is completed. The reconstruction funds start to release within a week. But there is a lag since it takes time to get the projects underway. Not too far in the distance the reinstatement occurs. Also the CBI soon releases the 50 and 100 smaller denominations and maybe along with the 100,000 notes. The process is kicked into high gear…. How long will all this take? I know the CBI was targeting for EARLY Jan 2019 but with delays in forming the government I am not so sure now since time is ticking…tic toc,,,tic toc… Be patient and let’s get the govt fully formed and functional first. The rest will fall into place.
12-19-2018 Intel Guru Frank26 Iraq one of the richest countries in the world...4th place globally holding the largest amount of US Bonds... Because USA is open to Iraq, because of a MIRRORING! The RI of the IQD is UNSTOPPABLE.. it is coming out of a Program Rate ...as long as International trade market gets it...it will EXPLODE!
12-19-2018 Newshound Guru Adam Montana ... I'm excited for the new year to roll in!... At the moment there is a distinct lack of news regarding HCL. I believe there is a good reason for this - and it's good for our 2019 outlook. Many many things are being taken care of, stamped, passed, and resolved right now. Things that are essential for forward progress. But, the fact remains... that pesky and elusive HCL is simply not on the table right now. As soon as we see word about it, then we can get excited! For now... patience is a virtue, and we have plenty. Don't get me wrong here! They aren't sleeping on the job... Fingers crossed for some HCL news soon...
12-19-2018 Intel Guru Bruce The one thing we were waiting here [U.S.] today and I believe we got it today. That one thing had to do with renewing an Executive Order by the President that expired yesterday [Monday] that needed to be reintroduced or re-extended as of today. ...I believe that is what may put us over the edge as far as being ready to go. I have been told they will do it in the next couple of days. They will do this final announcement of their rate and the announcement in fact they are a sovereign nation with a world exchangeable currency. Then guys we should be Go Time. I can’t give you a date or time for it, but I believe we are coming in where now does President Trump want this to go before Christmas? Yes. Is this supposed to be our week to go? Yes. [post 3 of 3]
12-19-2018 Intel Guru Bruce We got oil prices dropping below $50. That is putting a squeeze on Iraq to get done what they need to do in terms of making this announcement. It just might be right where it needs to be to get them to do that. If prices go down too much more, it is going to really bust their budget which is based on oil at a certain price which I thought was in the $44 - $46 barrel range for their budget. So this is really important. We are getting down to the wire that they need to do that. They need to release this information and get it done. I believe that was the one thing we were waiting for out of Iraq. [post 2 of 3....stay tuned]
12-19-2018 Intel Guru Bruce Every time we think Iraq is out of the way and complete we find no they needed to do one more thing... It seems like the one more thing now is just they need to announce their independence and the fact they have a revalued currency that is tradable worldwide. They just need to say it. It is more of a formality than anything else is where we are right now. Yes they were supposed to do that this morning [Tuesday]... Why didn’t it happen? What is happening OPEC is being left with about 4 oil producing countries in the organization? It is coming apart. What is happening is the US is getting bigger and bigger in oil. We are almost controlling the price of oil now whereas before Saudi Arabia was controlling the price. [post 1 of 3....stay tuned]
12-19-2018 Newshound/Intel Guru Mnt Goat This is the way I see this playing out. Suddenly Mahdi’s cabinet is completed. The reconstruction funds start to release within a week. But there is a lag since it takes time to get the projects underway. Not too far in the distance the reinstatement occurs. Also the CBI soon releases the 50 and 100 smaller denominations and maybe along with the 100,000 notes. The process is kicked into high gear…. How long will all this take? I know the CBI was targeting for EARLY Jan 2019 but with delays in forming the government I am not so sure now since time is ticking…tic toc,,,tic toc… Be patient and let’s get the govt fully formed and functional first. The rest will fall into place.
12-18-2018 Newshound Guru Kaperoni So it looks like PM Mahdi got a few of his cabinet in today but not all of them...so this continues. PM Mahdi has stated that Thursday's parliament session will complete the cabinet.
12-18-2018 Newshound/Intel Guru Walkingstick We, USA, gave them the playbook, we led them, guided them, beat it into them... y'all have to be International...Our foot is in the door of Iraq more than anyone realizes...All 6 Banks of his [Walkingstick's] firm, are ready! 1190 is Fictitious.
12-18-2018 Intel Guru RayRen98 Iraqi TV reported that Parliament did not vote on the cabinet members today and postponed such event until next week. Citizens in several cities are upset and have started civil unrest by burning chairs and protesting in streets due to the lack of reforms and (publicly) forming the government. Maliki supporters are being blamed for the negative situations in Iraq...according to local citizens.
12-18-2018 Newshound Guru Kaperoni Like most countries, Iraq would not care if their currency appreciates at the expense of a booming economy. That is how market forces work. A central bank uses its tools to manage monetary policy based effects in the marketplace. An example would be raising the value to counter inflation. Iraq currently has very low inflation less than 3%. If Iraq opens the doors to global investment, it may create the pressure the CBI is looking for to raise the value. We can only hope.
12-18-2018 Newshound Guru MilitiaMan Article: "A credit account in riyal and dinar between Iraq and Iran" Quote: "Citibank offers letters of credit for buyers in Latin America, Africa, Eastern Europe, Asia and the Middle East who may have difficulty obtaining international credit on their own." I would suggest this is part of a necessary end for Iraq now that Monetary Reforms are gearing to be on a different page if you will, imo, that had/has to be done because of the volume of trade between Iraq and Iran. A letter of credit is commonly for International Trade between parties. It is serious business. ...Go figure the timing of it too. IMO. Lets not forget Rick Perry and all those Companies in Iraq may need them too. By the way, CitiBank is one a large providers of Letters of Credit Globally.. They are Directly involved with Iraq as we know. Iraq wants guarantee they get paid for imports and exports. Fairly sure Iran in an unstable environment.. lol This is seriously looking good, imo..
12-18-2018 Newshound/Intel Guru Walkingstick We, USA, gave them the playbook, we led them, guided them, beat it into them... y'all have to be International...Our foot is in the door of Iraq more than anyone realizes...All 6 Banks of his [Walkingstick's] firm, are ready! 1190 is Fictitious.
12-18-2018 Intel Guru RayRen98 Iraqi TV reported that Parliament did not vote on the cabinet members today and postponed such event until next week. Citizens in several cities are upset and have started civil unrest by burning chairs and protesting in streets due to the lack of reforms and (publicly) forming the government. Maliki supporters are being blamed for the negative situations in Iraq...according to local citizens.
12-18-2018 Newshound Guru Kaperoni Like most countries, Iraq would not care if their currency appreciates at the expense of a booming economy. That is how market forces work. A central bank uses its tools to manage monetary policy based effects in the marketplace. An example would be raising the value to counter inflation. Iraq currently has very low inflation less than 3%. If Iraq opens the doors to global investment, it may create the pressure the CBI is looking for to raise the value. We can only hope.
12-18-2018 Newshound Guru MilitiaMan Article: "A credit account in riyal and dinar between Iraq and Iran" Quote: "Citibank offers letters of credit for buyers in Latin America, Africa, Eastern Europe, Asia and the Middle East who may have difficulty obtaining international credit on their own." I would suggest this is part of a necessary end for Iraq now that Monetary Reforms are gearing to be on a different page if you will, imo, that had/has to be done because of the volume of trade between Iraq and Iran. A letter of credit is commonly for International Trade between parties. It is serious business. ...Go figure the timing of it too. IMO. Lets not forget Rick Perry and all those Companies in Iraq may need them too. By the way, CitiBank is one a large providers of Letters of Credit Globally.. They are Directly involved with Iraq as we know. Iraq wants guarantee they get paid for imports and exports. Fairly sure Iran in an unstable environment.. lol This is seriously looking good, imo..
12-17-2018 Newshound/Intel Guru Mnt Goat Many now also have credit and debit cards to pay their bills and so don’t walk around with wads of cash. This enabled the CBI to reduce the 3 zero notes by 2/3, which was part of the plan they told us in 2011 had to happen as part of the project to delete the zeros. Overall this is all VERY good. But this is a VERY slow process...So as outside investors in Iraq we...sit and wait...our wealth will come from a simple reinstatement of the currency back to the trading platforms and going international once again. [post 2 of 2]
12-17-2018 Newshound/Intel Guru Mnt Goat SO WHERE ARE WE IN THIS INVESTMENT RIGHT NOW? We are waiting for the government to get “fully” formed and settle this political crisis. There is and always has been a requirement to have a fully functional government in place and an adherence and “full” implementation of the Iraqi constitution to get the reinstatement of their currency. We can see that the CBI is ready to do something with so much talk and emphasis now stemming around these smaller category notes. We know that the ATMs are launched already and dispensing these notes for petty cash. [post 1 of 2....stay tuned]
12-17-2018 Newshound Guru Kaperoni Looks like parliament will try again tomorrow to complete PM Mahdi's cabinet. Let's hope so.
12-17-2018 Newshound Guru MilitiaMan Article: "The Arab Digital Economy Conference in Abu Dhabi" [...it seems important for them to get this "together" for Iraq's RI....IMO...important for Iraq!] We just learned that they are E-Government ready effectively and Digitization is all apart of that...All geared, linked and...so fresh in peoples minds and on their agendas now... imo! ...the timing of the E-Gov and Digital, is not a coincidence imo...
12-17-2018 Intel Guru ADMINBILL ...COME ON SANTA...AN EARLY CHRISTMAS PRESENT WOULD BE A REAL TREAT! BUT REMEMBER - IT REMAINS A PROCESS - NOT A DEADLINE. IN MY OPINION THERE IS A REAL NEED TO GET THIS DONE THIS BEFORE CHRISTMAS IF AT ALL POSSIBLE...OVER THE YEARS WE HAVE BEEN TOLD THAT THIS WILL GO EVEN IF THERE ARE HOLIDAYS INVOLVED. NOT TRUE. ESPECIALLY IN EUROPE.
12-17-2018 Newshound/Intel Guru Mnt Goat Article: "TO AMEND THE INVESTMENT LAW IN THE COMING DAYS" Quote: "The amendment of THE INVESTMENT LAW IS AN IMPORTANT POINT TO ELIMINATE UNEMPLOYMENT AND THE RETURN OF INDUSTRY AND THE PRIVATE SECTOR IN IRAQ and raise the market value of the Iraqi dinar..." I don’t want anyone telling me there aren’t any more laws needed in order to reinstate the currency. To bring in investors is all part of creating the atmosphere conducive to investors, which in turn, is the state of the economy needed to trigger the reinstatement. It is all coming together.
12-17-2018 Newshound/Intel Guru Mnt Goat SO WHERE ARE WE IN THIS INVESTMENT RIGHT NOW? We are waiting for the government to get “fully” formed and settle this political crisis. There is and always has been a requirement to have a fully functional government in place and an adherence and “full” implementation of the Iraqi constitution to get the reinstatement of their currency. We can see that the CBI is ready to do something with so much talk and emphasis now stemming around these smaller category notes. We know that the ATMs are launched already and dispensing these notes for petty cash. [post 1 of 2....stay tuned]
12-17-2018 Newshound Guru Kaperoni Looks like parliament will try again tomorrow to complete PM Mahdi's cabinet. Let's hope so.
12-17-2018 Newshound Guru MilitiaMan Article: "The Arab Digital Economy Conference in Abu Dhabi" [...it seems important for them to get this "together" for Iraq's RI....IMO...important for Iraq!] We just learned that they are E-Government ready effectively and Digitization is all apart of that...All geared, linked and...so fresh in peoples minds and on their agendas now... imo! ...the timing of the E-Gov and Digital, is not a coincidence imo...
12-17-2018 Intel Guru ADMINBILL ...COME ON SANTA...AN EARLY CHRISTMAS PRESENT WOULD BE A REAL TREAT! BUT REMEMBER - IT REMAINS A PROCESS - NOT A DEADLINE. IN MY OPINION THERE IS A REAL NEED TO GET THIS DONE THIS BEFORE CHRISTMAS IF AT ALL POSSIBLE...OVER THE YEARS WE HAVE BEEN TOLD THAT THIS WILL GO EVEN IF THERE ARE HOLIDAYS INVOLVED. NOT TRUE. ESPECIALLY IN EUROPE.
12-17-2018 Newshound/Intel Guru Mnt Goat Article: "TO AMEND THE INVESTMENT LAW IN THE COMING DAYS" Quote: "The amendment of THE INVESTMENT LAW IS AN IMPORTANT POINT TO ELIMINATE UNEMPLOYMENT AND THE RETURN OF INDUSTRY AND THE PRIVATE SECTOR IN IRAQ and raise the market value of the Iraqi dinar..." I don’t want anyone telling me there aren’t any more laws needed in order to reinstate the currency. To bring in investors is all part of creating the atmosphere conducive to investors, which in turn, is the state of the economy needed to trigger the reinstatement. It is all coming together.
12-16-2018 Newshound/Intel Guru Mnt Goat What remains in this process to get ready for a reinstatement of the dinar? They said that the dinar has gone through the currency reform process and is ready. There is nothing more for the CBI to do in this regard except the CBI must conduct the final phase of the “project to delete the zeros”. It is now more of a political will and cautionary measures, notably the stability of the dinar against the dollar and keeping inflation down by up to 2% at the level of foreign reserves within the rates according to international standards with foreign reserve cash for Iraq (we know the reserves are now above these needed levels.)
12-16-2018 Newshound/Intel Guru RVAlready [I think its going to come in quietly with no big to do. It's just gonna look like it's been there all along.] As there can be no advance knowledge, I tend to believe we will be notified after exchanges start…I do believe they are trying to get it done before the end of the year.
12-16 2018 Newshound/Intel Guru David M. Witty Source in Iraq says PM Abdel-Mahdi is preparing to send nominee names to Parliament for approval for 6 of 8 unfilled cabinet positions, less Ministers of Defense & Interior, which remain locked in controversy.
12-16-2018 Newshound Guru MilitiaMan If we look at the value he places on the 6 billion dinar you get $.83 per unit or dinar in dollar terms. 6 bln IQD = 5 mln USD or $.83 per USD. So then that means 37 Billion Dinars equates to $30,710,000.00 USD. Now remember that he can't tell you yet, that the zeros are dropped, as they haven't as far as I can tell, yet. But, we expect them to when the time is right as he clearly taught us through articles. The 6 billion dinars becomes 6 million once they delete three zeros off the exchange rate and thus 37 billion dinars becomes 37 million by definition. [post 2 of 2]
12-16-2018 Newshound Guru MilitiaMan Article: "In an interview with "The New Arab", Muhsin al-Alaq, Acting Governor of the Central Bank of Iraq , talks about a difficult monetary and financial stage that has passed through his country,..." The Alak interview has told us that they are at a 6/1 (16.5%) good to bad ratio with loans. ...he tells us that they have loans of 37 Billion Dinar of good and 6 billion Dinars worth ($5,000,000.00 USD) of bad. It is not a bad ratio for what they have been through to date. My point is that the value of the 6 bln Dinars is key that Alak points it out, imo. Why? Well it gives a value of that 6 bln. Alak cannot openly come out and tell us a rate or a date literally to the tee.. But, he can in my opinion indirectly point us to it with forward guidance. [post 1 of 2....stay tuned]
12-16-2018 Newshound Guru Adam Montana ...when the HCL is done, it is done. There are a relatively small number of moving parts to a finalized HCL - it's a Law that is pretty clearly defined in purpose and intent.
12-16-2018 Newshound/Intel Guru RVAlready [I think its going to come in quietly with no big to do. It's just gonna look like it's been there all along.] As there can be no advance knowledge, I tend to believe we will be notified after exchanges start…I do believe they are trying to get it done before the end of the year.
12-16 2018 Newshound/Intel Guru David M. Witty Source in Iraq says PM Abdel-Mahdi is preparing to send nominee names to Parliament for approval for 6 of 8 unfilled cabinet positions, less Ministers of Defense & Interior, which remain locked in controversy.
12-16-2018 Newshound Guru MilitiaMan If we look at the value he places on the 6 billion dinar you get $.83 per unit or dinar in dollar terms. 6 bln IQD = 5 mln USD or $.83 per USD. So then that means 37 Billion Dinars equates to $30,710,000.00 USD. Now remember that he can't tell you yet, that the zeros are dropped, as they haven't as far as I can tell, yet. But, we expect them to when the time is right as he clearly taught us through articles. The 6 billion dinars becomes 6 million once they delete three zeros off the exchange rate and thus 37 billion dinars becomes 37 million by definition. [post 2 of 2]
12-16-2018 Newshound Guru MilitiaMan Article: "In an interview with "The New Arab", Muhsin al-Alaq, Acting Governor of the Central Bank of Iraq , talks about a difficult monetary and financial stage that has passed through his country,..." The Alak interview has told us that they are at a 6/1 (16.5%) good to bad ratio with loans. ...he tells us that they have loans of 37 Billion Dinar of good and 6 billion Dinars worth ($5,000,000.00 USD) of bad. It is not a bad ratio for what they have been through to date. My point is that the value of the 6 bln Dinars is key that Alak points it out, imo. Why? Well it gives a value of that 6 bln. Alak cannot openly come out and tell us a rate or a date literally to the tee.. But, he can in my opinion indirectly point us to it with forward guidance. [post 1 of 2....stay tuned]
12-16-2018 Newshound Guru Adam Montana ...when the HCL is done, it is done. There are a relatively small number of moving parts to a finalized HCL - it's a Law that is pretty clearly defined in purpose and intent.
12-15-2018 Newshound Guru Phillyman Article: "Hitti: Investors are waiting for the government to stabilize its commitments" ...it has been fascinating for me to follow the news about the fight against ISIS then the start of investment coming into Iraq. Investment conferences have come and gone though without the major reconstruction we would like to see. This article may have the answer why. Quote: "The head of the Iraqi Reconstruction Fund, Mustapha al-Hiti, said Saturday that the countries investing in Iraq are waiting for the stability of the Iraqi government to start implementing its pledges."
12-15-2018 Newshound/Intel Guru Mnt Goat Many are saying the dinar is now international. Is this true? Confirmed by the CBI – DINAR IS NOT YET INTERNATIONALLY REINSTATED. The CBI also wanted to tell me that Iraq’s currency is NOT yet internationally recognized as it still has to be reinstated in the financial trading sectors as from the war sanctions. They know about lots of rumors and speculation is floating around that is it. They told me that it is one thing to be ready and have all the banking reforms in place in order to conduct international transactions but another reality to conduct business with the outside banking system once again using a VALUED dinar. Currently they are attempting to make this transition to de-peg off the dollar but it is difficult but they know it has to be done and is planned “sooner than later”.
12-15-2018 Newshound Guru Don961 Article: "Kurdistan announces the implementation of Article 140 of the Constitution" Sounds like some people in Kurdistan are spreading news that 140 is implemented... and are trying to erect barriers and borders...but no one told the residents yet...Either shenanigans or it has happened behind the scenes but not announced yet ...either something happened to assure it...or KRG is making assumptions and jumping the gun.
12-15-2018 Newshound Guru Adam Montana [...in ur opinion...when is the time to give up?] If they were to lop their currency for a net 0 gain, then it's over. The odds of that happening are definitely not high.
12-15-2018 Newshound/Intel Guru Mnt Goat Many are saying the dinar is now international. Is this true? Confirmed by the CBI – DINAR IS NOT YET INTERNATIONALLY REINSTATED. The CBI also wanted to tell me that Iraq’s currency is NOT yet internationally recognized as it still has to be reinstated in the financial trading sectors as from the war sanctions. They know about lots of rumors and speculation is floating around that is it. They told me that it is one thing to be ready and have all the banking reforms in place in order to conduct international transactions but another reality to conduct business with the outside banking system once again using a VALUED dinar. Currently they are attempting to make this transition to de-peg off the dollar but it is difficult but they know it has to be done and is planned “sooner than later”.
12-15-2018 Newshound Guru Don961 Article: "Kurdistan announces the implementation of Article 140 of the Constitution" Sounds like some people in Kurdistan are spreading news that 140 is implemented... and are trying to erect barriers and borders...but no one told the residents yet...Either shenanigans or it has happened behind the scenes but not announced yet ...either something happened to assure it...or KRG is making assumptions and jumping the gun.
12-15-2018 Newshound Guru Adam Montana [...in ur opinion...when is the time to give up?] If they were to lop their currency for a net 0 gain, then it's over. The odds of that happening are definitely not high.
12-14-2018 Newshound/Intel Guru Mnt Goat In Europe we hearing you are already educating the citizens on the new smaller category notes. Is this true? Yes, the CBI has recently launched the issuance of the second edition of banknotes categories (25000, 10000.1000, 500.250) dinars. These versions have high level security features and are more usable. We have not yet issued any other small categories. Is there any plans to take these 25,000 and 10,000 notes out of circulation soon? NO. The current effort now is just to replace the amounts now already in circulation with cleaner, more secure versions. The CBI has already reduced the amount of these denominations as needed for currency reform. (I was also told that these notes would remain in circulation for at least 10 more years in the future and the plan is to use them mostly for inter-banking transactions for trading partners and not common street use.) [stay tuned for more questions and answers ...with my CBI representative]
12-14-2018 Newshound Guru chattels [...its almost a new yr. lets see what that brings us...] Always more optimistic in the first quarter of the new year.
12-14-2018 Intel Guru RayRen98 Iraqi TV was reporting that the 2019 Budget would contain stipends of 100,000 dinar to non-employee citizens. [so, should citizens be excited about a $100 stipend or is a RV in the works? Would $100 a month excite you?] ...Reportedly, a "political" breakthrough has occurred with all cabinet members supposedly being voted and passed at the next Parliament meeting ...Maybe it already did!
12-14-2018 Intel Guru Bruce As far as Iraq is concern, they have completed everything that they needed to do. ...from the banking perspective... things are extremely quiet right now, more so than they have been. ...It doesn’t get that quiet unless there is a reason for it. What we have heard was that banks have been receiving notifications. ...I do not have what was in that of course. I find the timing of it was interesting... ...we found out...the rates on the bank screens were sort of on for 45 minutes than off for 45 minutes, then on for 45 minutes then off... we would say those rates need to stabilize and they need to stay permanent... My understanding is the rates are in Canada will be the same as they will be here. ...We have heard any moment for a few days now...we are so far along in this process...there is a timing to it and we believe that timing is very close for us.
12-14-2018 Newshound Guru Adam Montana I'm not sure if we can expect to see a 2018 RV, but 1st quarter 2019 looks extremely promising. Prove me wrong, Iraq...
12-14-2018 Newshound/Intel Guru Mnt Goat As far as I know I am still hearing good news on the reinstatement process and it is still on target for LATE Dec or EARLY Jan period. I know there are lots of rumors now flying around as usual about some window of opportunity for an RV happening this entire week. This is simply NOT true. So in this regards, I had a recent conversation with my CBI representative and the following is what I was told in response to my questions. Is there a plan now to RV the currency this week sometime? NO...The dinar is not planned for a revaluation. The dinar must first go through a “reinstatement” process. This is a series of approvals but we believe we are close... (I have been telling everyone this. Any significant change in value that we want comes from the “float” on the currency once it is reinstated. This is NOT a revaluation but a market drive on the rate due to speculation. It will then settle down to what the IMF calls its “nominal effective rate”) [stay tuned for more questions and answers]
12-14-2018 Newshound Guru Bloodloch [Guru] Breitling is perfectly hinting at what I believe (opinion) to be the only way they can make this work while maintaining and even moderately enhancing purchasing power for the Iraqi citizens, making their money worth more as promised. Nice. Price-freezing may be needed for a bit, but that's okay until the dust settles. Now that's in-country, folks, which must be addressed before anything international is considered. [Reference Guru Breitling post 1-13-2018]
12-14-2018 Newshound Guru chattels [...its almost a new yr. lets see what that brings us...] Always more optimistic in the first quarter of the new year.
12-14-2018 Intel Guru RayRen98 Iraqi TV was reporting that the 2019 Budget would contain stipends of 100,000 dinar to non-employee citizens. [so, should citizens be excited about a $100 stipend or is a RV in the works? Would $100 a month excite you?] ...Reportedly, a "political" breakthrough has occurred with all cabinet members supposedly being voted and passed at the next Parliament meeting ...Maybe it already did!
12-14-2018 Intel Guru Bruce As far as Iraq is concern, they have completed everything that they needed to do. ...from the banking perspective... things are extremely quiet right now, more so than they have been. ...It doesn’t get that quiet unless there is a reason for it. What we have heard was that banks have been receiving notifications. ...I do not have what was in that of course. I find the timing of it was interesting... ...we found out...the rates on the bank screens were sort of on for 45 minutes than off for 45 minutes, then on for 45 minutes then off... we would say those rates need to stabilize and they need to stay permanent... My understanding is the rates are in Canada will be the same as they will be here. ...We have heard any moment for a few days now...we are so far along in this process...there is a timing to it and we believe that timing is very close for us.
12-14-2018 Newshound Guru Adam Montana I'm not sure if we can expect to see a 2018 RV, but 1st quarter 2019 looks extremely promising. Prove me wrong, Iraq...
12-14-2018 Newshound/Intel Guru Mnt Goat As far as I know I am still hearing good news on the reinstatement process and it is still on target for LATE Dec or EARLY Jan period. I know there are lots of rumors now flying around as usual about some window of opportunity for an RV happening this entire week. This is simply NOT true. So in this regards, I had a recent conversation with my CBI representative and the following is what I was told in response to my questions. Is there a plan now to RV the currency this week sometime? NO...The dinar is not planned for a revaluation. The dinar must first go through a “reinstatement” process. This is a series of approvals but we believe we are close... (I have been telling everyone this. Any significant change in value that we want comes from the “float” on the currency once it is reinstated. This is NOT a revaluation but a market drive on the rate due to speculation. It will then settle down to what the IMF calls its “nominal effective rate”) [stay tuned for more questions and answers]
12-14-2018 Newshound Guru Bloodloch [Guru] Breitling is perfectly hinting at what I believe (opinion) to be the only way they can make this work while maintaining and even moderately enhancing purchasing power for the Iraqi citizens, making their money worth more as promised. Nice. Price-freezing may be needed for a bit, but that's okay until the dust settles. Now that's in-country, folks, which must be addressed before anything international is considered. [Reference Guru Breitling post 1-13-2018]
12-13-2018 Intel Guru Frank26 [This is getting down right silly. International everything but the rate. Lol] WE DO NOT CARE ABOUT THE RATE...WE CARE TO SEE THE CBI SAY THEY ARE ARTICLE 8...TO ADMIT IT!!! THE INTERNATIONAL STATUS WILL TAKE CARE OF THE RATE.
12-13-2018 Newshound/Intel Guru Mnt Goat ...the USA is going to have a real impact and is teaming up with Iraq. This by the way is also very good for our investment... Do you think the USA is going to invest billions if they can’t get their profits out of Iraq? And how about transferring funds in and out of Iraq for other purposes in the process? Yes, Iraq will need to have an international tradable currency. I luv it…!! I am excited. [post 3 of 3]
12-13-2018 Newshound/Intel Guru Mnt Goat ...it has been months now already in getting these last remaining 8 ministers in place, the minister of the interior now being the most critical. Why is this one particular minister so critical? ...This ministry will be the disbursing agent for the Iraqi govt for the funding for the projects funded by the donor countries for this 5 year reconstruction plan. ...the US has stepped up and agreed to assist in providing a sound mechanism for disbursing the projects funded by the donor countries acting much like the Interior minister but officially (of course) only in an advisory capacity... [post 2 of 3....stay tuned]
12-13-2018 Newshound/Intel Guru Mnt Goat ...we see a sudden shift in the news media from Iraq to reporting now mainly on the RECONSTRUCTION EFFORTS being of the main topics. Why? The reason why is because this is the main efforts now by the GOI. ...We definitely, more importantly, see a very sudden shift in the US strategy and willingness for participation in this reconstruction effort. ...We see much more support and willingness now to assist the Iraqi state. We also know too that the timing is now right. With the setback caused by the ISIS war and the election basically over, Iraq is now ready to go on like a runner at the starting gate, they are ready to take off. [post 1 of 3....stay tuned]
12-13-2018 Newshound Guru Breitling There has been countries that have taken zeros off their currency and then the currency gains value later on down the road. So let’s say they do do a LOP on the currency you and I have. That doesn’t take it out of play to revalue. Worse case scenario let’s say it did LOP it will still gain value so it’s never been a threat to me at all. If you look at the definition of these countries on how they lopped and what their economy was at and what they were trying to do was completely different than Iraq. Remember the Iraqi dinar is not at a real market rate. It’s completely manipulated. They can do anything they want with it but their intent from the CBI is to add value to it… [Post 2 of 2]
12-13-2018 Newshound Guru Breitling Questions: “A LOP. What the heck does that mean and why we don’t see it as being a real possibility? By definition a lop is taking the zeros off the notes and pretending they’re not there and using the same notes. It’s funny that someone says it’s going to be a lop and at the same time talks about other notes being printed…well if they’re going to lop and pretend there are three zeros missing then they don’t need to print more currency do they. So it doesn’t fit…here’s the thing… [Post 1 of 2]
12-13-2018 Intel Guru Delta "US Chamber of Commerce in Iraq to discuss investment opportunities" Quotes: "This forum is being attended by more than 50 leading American companies and more than 100 business leaders..."; "We at the Iraqi Bank for Trade communicate between Iraq and the countries of the world through the network of correspondent banks, which facilitates the entry of these companies through the provision of guarantees or requirements for funding from these projects." VERY ...ENCOURAGING...WOW 50 AMERICAN COMPANIES... HUGE...IRAQI BANK READY TO GO...
12-13-2018 Newshound/Intel Guru Mnt Goat ...the USA is going to have a real impact and is teaming up with Iraq. This by the way is also very good for our investment... Do you think the USA is going to invest billions if they can’t get their profits out of Iraq? And how about transferring funds in and out of Iraq for other purposes in the process? Yes, Iraq will need to have an international tradable currency. I luv it…!! I am excited. [post 3 of 3]
12-13-2018 Newshound/Intel Guru Mnt Goat ...it has been months now already in getting these last remaining 8 ministers in place, the minister of the interior now being the most critical. Why is this one particular minister so critical? ...This ministry will be the disbursing agent for the Iraqi govt for the funding for the projects funded by the donor countries for this 5 year reconstruction plan. ...the US has stepped up and agreed to assist in providing a sound mechanism for disbursing the projects funded by the donor countries acting much like the Interior minister but officially (of course) only in an advisory capacity... [post 2 of 3....stay tuned]
12-13-2018 Newshound/Intel Guru Mnt Goat ...we see a sudden shift in the news media from Iraq to reporting now mainly on the RECONSTRUCTION EFFORTS being of the main topics. Why? The reason why is because this is the main efforts now by the GOI. ...We definitely, more importantly, see a very sudden shift in the US strategy and willingness for participation in this reconstruction effort. ...We see much more support and willingness now to assist the Iraqi state. We also know too that the timing is now right. With the setback caused by the ISIS war and the election basically over, Iraq is now ready to go on like a runner at the starting gate, they are ready to take off. [post 1 of 3....stay tuned]
12-13-2018 Newshound Guru Breitling There has been countries that have taken zeros off their currency and then the currency gains value later on down the road. So let’s say they do do a LOP on the currency you and I have. That doesn’t take it out of play to revalue. Worse case scenario let’s say it did LOP it will still gain value so it’s never been a threat to me at all. If you look at the definition of these countries on how they lopped and what their economy was at and what they were trying to do was completely different than Iraq. Remember the Iraqi dinar is not at a real market rate. It’s completely manipulated. They can do anything they want with it but their intent from the CBI is to add value to it… [Post 2 of 2]
12-13-2018 Newshound Guru Breitling Questions: “A LOP. What the heck does that mean and why we don’t see it as being a real possibility? By definition a lop is taking the zeros off the notes and pretending they’re not there and using the same notes. It’s funny that someone says it’s going to be a lop and at the same time talks about other notes being printed…well if they’re going to lop and pretend there are three zeros missing then they don’t need to print more currency do they. So it doesn’t fit…here’s the thing… [Post 1 of 2]
12-13-2018 Intel Guru Delta "US Chamber of Commerce in Iraq to discuss investment opportunities" Quotes: "This forum is being attended by more than 50 leading American companies and more than 100 business leaders..."; "We at the Iraqi Bank for Trade communicate between Iraq and the countries of the world through the network of correspondent banks, which facilitates the entry of these companies through the provision of guarantees or requirements for funding from these projects." VERY ...ENCOURAGING...WOW 50 AMERICAN COMPANIES... HUGE...IRAQI BANK READY TO GO...
12-12-2018 Newshound Guru MilitiaMan Trade Exchange can be product to product or on Stock Exchange... We know they didn't start work yesterday, the process has been underway for years... Timing is looking so very good imo...Citi Bank is the facilitator and they are no small entity. Capable of moving large amounts of goods, products and services. ..imo...Also, working with the Arab Union of Banks is regional. They talk about them back then and again now... WE have learned the basket may be in the AMF / AAD... IF that is the way it rolls out... I like it... imo. [post 2 of 2]
12-12-2018 Newshound Guru MilitiaMan Articles from 2017: "Iraqi Banks Are Looking With The US Treasury To Open Relations With Foreign Banks" and "The largest US banks… Praise the performance of Iraqi banks" The 2017 article[s] showing who was in Iraq, when they were there and what they were promoting to do. Fast forward to yesterday with the same entities as the UST, IMF, WB and Arab Union of Banks in country...Top it off with Silliman [United States Ambassador to Iraq] in talks with Iraq to develop trade exchange and...have 50 major investment companies in country now. [post 1 of 2....stay tuned]
12-12-2018 Newshound Guru chattels The language of "lop" is undeniable in my view. Even if there is a "lop", such does not preclude a concurrent increase in the value of the IQD from what I am able to discern.
12-12-2018 Intel Guru RayRen98 A MEMBER REPORTED A BANK SCREEN RATE OF $2.49 IQD, BUT THE BANK COULDN'T PROCESS IT. FURTHER INVESTIGATION REVEALED THAT IT "SHOULD" BE LIVE, BUT SOME INTERNAL ISSUES NEEDED TO BE RESOLVED. TIME WILL TELL!
12-12-2018 Intel Guru Bruce ...you guys remember back years ago we talked about the US Department of Commerce and the meeting that was held in Washington DC where DR. Shabibi was in attendance and was asked by someone that we knew of in the community how much is the rate of the Iraqi Dinar going to be. Dr Shabibi said “We believe that Iraqi Dinar has the ability to sustain a rate of $16. ...I thought Wow, $16! Is it there now? No. Not yet, but it is at a very decent rate, and I am hearing it could make it to that number by around Saturday. [post 2 of 2]
12-12-2018 Intel Guru Bruce We know Iraq has completed what it is they needed to complete which did drag out...They put everything they needed to put in the Gazette last Saturday. There is a rate for the Iraqi dinar on the back screens being traded as of this past Sunday. ...what I have heard so far is pointing to us having a wonderful week this week. Now, this has been a tough thing to guess, or to call, or to say I know the day or the time. We don’t. We still don’t. We know approximately what their intentions are, what their plans are...the 6.5 million or so of us that are paying attention to this online, through calls, through blogs, etc. ...We will receive our blessing by all intents and purposes by the end of this week. [post 1 of 2....stay tuned]
12-12-2018 Newshound Guru Breitling Question: “How do you handle people when they send you a disagreeing email?” First of all the way people approach some of the stuff I say it’s like an attack. At the same time they want to debate…I don’t mind doing that. I don’t mind telling people what I believe. But I never go after what people “think”. So I never respond to what they “think”. The only thing I can do is tell people what I know and be able to connect the dots that way. I don’t want people to take this wrong at all but I’m not trying to convince anybody of anything…all I’m talking about is how I invest in this and why I believe it. And that’s it.
12-12-2018 Newshound/Intel Guru Mnt Goat Rumor... : The IQD is international since the CBI and other exchange sites have changing the representation of the IQD rate now with five decimal places. This change may very well be in preparation for the future reinstatement back to the global markets on the currency exchanges, since they operate with this level of accuracy. So this is a good sign but...It does not yet mean the IQD is already international.
12-12-2018 Newshound Guru MilitiaMan Articles from 2017: "Iraqi Banks Are Looking With The US Treasury To Open Relations With Foreign Banks" and "The largest US banks… Praise the performance of Iraqi banks" The 2017 article[s] showing who was in Iraq, when they were there and what they were promoting to do. Fast forward to yesterday with the same entities as the UST, IMF, WB and Arab Union of Banks in country...Top it off with Silliman [United States Ambassador to Iraq] in talks with Iraq to develop trade exchange and...have 50 major investment companies in country now. [post 1 of 2....stay tuned]
12-12-2018 Newshound Guru chattels The language of "lop" is undeniable in my view. Even if there is a "lop", such does not preclude a concurrent increase in the value of the IQD from what I am able to discern.
12-12-2018 Intel Guru RayRen98 A MEMBER REPORTED A BANK SCREEN RATE OF $2.49 IQD, BUT THE BANK COULDN'T PROCESS IT. FURTHER INVESTIGATION REVEALED THAT IT "SHOULD" BE LIVE, BUT SOME INTERNAL ISSUES NEEDED TO BE RESOLVED. TIME WILL TELL!
12-12-2018 Intel Guru Bruce ...you guys remember back years ago we talked about the US Department of Commerce and the meeting that was held in Washington DC where DR. Shabibi was in attendance and was asked by someone that we knew of in the community how much is the rate of the Iraqi Dinar going to be. Dr Shabibi said “We believe that Iraqi Dinar has the ability to sustain a rate of $16. ...I thought Wow, $16! Is it there now? No. Not yet, but it is at a very decent rate, and I am hearing it could make it to that number by around Saturday. [post 2 of 2]
12-12-2018 Intel Guru Bruce We know Iraq has completed what it is they needed to complete which did drag out...They put everything they needed to put in the Gazette last Saturday. There is a rate for the Iraqi dinar on the back screens being traded as of this past Sunday. ...what I have heard so far is pointing to us having a wonderful week this week. Now, this has been a tough thing to guess, or to call, or to say I know the day or the time. We don’t. We still don’t. We know approximately what their intentions are, what their plans are...the 6.5 million or so of us that are paying attention to this online, through calls, through blogs, etc. ...We will receive our blessing by all intents and purposes by the end of this week. [post 1 of 2....stay tuned]
12-12-2018 Newshound Guru Breitling Question: “How do you handle people when they send you a disagreeing email?” First of all the way people approach some of the stuff I say it’s like an attack. At the same time they want to debate…I don’t mind doing that. I don’t mind telling people what I believe. But I never go after what people “think”. So I never respond to what they “think”. The only thing I can do is tell people what I know and be able to connect the dots that way. I don’t want people to take this wrong at all but I’m not trying to convince anybody of anything…all I’m talking about is how I invest in this and why I believe it. And that’s it.
12-12-2018 Newshound/Intel Guru Mnt Goat Rumor... : The IQD is international since the CBI and other exchange sites have changing the representation of the IQD rate now with five decimal places. This change may very well be in preparation for the future reinstatement back to the global markets on the currency exchanges, since they operate with this level of accuracy. So this is a good sign but...It does not yet mean the IQD is already international.
12-11-2018 Intel Guru Delta ...they might give us a sucker bid, like we said a long time ago...come out at $1.20, then of course after 6 months, whatever the date is, then throw the exact number there like $2.85, $3.00, whatever it is. But based on... details right now from the CBI website, I mean the rate really has to be high in order for them to do that. And make it more attractive. Remember, the citizens, they want more attractive, especially investors. They need the real numbers to come out like that. And based on...information from the BIS, a month or two months ago, when I-Team reported that $2.85 was showing, so it could be a higher rate, but according to my calculations...they should really be in the $2.85 to $3.00 range in order for them to cover all this money.
12-11-2018 Guest Guru Doc.K Article "Washington announces buying 17% of Iraqi oil exports" [Is this 17% significant?] Yes I believe so... When I read that...I assumed...that the 17% (that the USA is buying) of Iraq's oil export revenue...is most likely going straight to the Kurds to shut them up. I say the HCL is DONE at this point. Since the USA is NOW an exporter of oil, why would we buy from them?
12-11-2018 Newshound/Intel Guru Mnt Goat Rumor...: The IQD is now international. Folks I will tell you one more time that the IQD is NOT yet international and if it was it would have to be “reinstated” first and if it was reinstated we would all be at the banks already...It is that simple...if it was international already thus “reinstated” it would have to be back on the global trading platforms, we would not be waiting so long for the rate to rise since the traders, through demand, would bring the rate up already by now...The CBI itself has told me and still tells me they are waiting to “reinstate” the IQD.
12-11-2018 Newshound Guru ChrisC I hope all of y'all are nestled all snug in your beds, While visions of sugar-plums dance in your heads, and after we've dreamed I hope we all see what's been taking so long...our precious RV. So, let's trust in Trump and know he's planned right and a Merry Future to all and to all a good night.
12-11-2018 Intel Guru Delta [via Clare] the lifting of the 3 zeros, looks on target for the end of the year!
12-11-2018 Intel Guru Frank26 [via Clare] A Change is Coming!!! There is a legitimate reason to invest in Iraq now...because they meet International standards!
12-11-2018 Newshound Guru Bloodloch ...the CBI absolutely CAN launch the VLD (very low denominations) without any further preparation other than printing them and explaining to the Iraqi citizens about their characteristics. No long and slow climb needed, since purchasing power should remain a constant, or even enticingly favorable to Iraqis in their daily lives. The underlying support for turning 44 trillion into 44 billion is there, and there may even be a case made for fractional reserve gold-backing mechanisms should they decide that to be one of the new currency characteristics. And while there have been some rumors of new notes being printed already, I've yet to see any actual artwork for the same. That doesn't mean they don't have them hidden away somewhere. Just that I haven't seen them.
12-11-2018 Guest Guru Doc.K Article "Washington announces buying 17% of Iraqi oil exports" [Is this 17% significant?] Yes I believe so... When I read that...I assumed...that the 17% (that the USA is buying) of Iraq's oil export revenue...is most likely going straight to the Kurds to shut them up. I say the HCL is DONE at this point. Since the USA is NOW an exporter of oil, why would we buy from them?
12-11-2018 Newshound/Intel Guru Mnt Goat Rumor...: The IQD is now international. Folks I will tell you one more time that the IQD is NOT yet international and if it was it would have to be “reinstated” first and if it was reinstated we would all be at the banks already...It is that simple...if it was international already thus “reinstated” it would have to be back on the global trading platforms, we would not be waiting so long for the rate to rise since the traders, through demand, would bring the rate up already by now...The CBI itself has told me and still tells me they are waiting to “reinstate” the IQD.
12-11-2018 Newshound Guru ChrisC I hope all of y'all are nestled all snug in your beds, While visions of sugar-plums dance in your heads, and after we've dreamed I hope we all see what's been taking so long...our precious RV. So, let's trust in Trump and know he's planned right and a Merry Future to all and to all a good night.
12-11-2018 Intel Guru Delta [via Clare] the lifting of the 3 zeros, looks on target for the end of the year!
12-11-2018 Intel Guru Frank26 [via Clare] A Change is Coming!!! There is a legitimate reason to invest in Iraq now...because they meet International standards!
12-11-2018 Newshound Guru Bloodloch ...the CBI absolutely CAN launch the VLD (very low denominations) without any further preparation other than printing them and explaining to the Iraqi citizens about their characteristics. No long and slow climb needed, since purchasing power should remain a constant, or even enticingly favorable to Iraqis in their daily lives. The underlying support for turning 44 trillion into 44 billion is there, and there may even be a case made for fractional reserve gold-backing mechanisms should they decide that to be one of the new currency characteristics. And while there have been some rumors of new notes being printed already, I've yet to see any actual artwork for the same. That doesn't mean they don't have them hidden away somewhere. Just that I haven't seen them.
12-10-2018 Newshound Guru MilitiaMan Article: "Center: Islamic banking in Iraq is in line with international standards" This is telling me they have tapped into one of the largest markets in the world. Not a laughing matter. It is actually very very bullish for our investment. They are recognized now for having been caught up to and in line with international standards...Well done!
12-10-2018 Newshound/Intel Guru Mnt Goat But we can see that they have surely moved already to the next level and important step. For years and years they struggled just to get the banking reforms in place. Not they have the ATMs running, electronic payrolls, electronic POS, credit cards, and emphasis on just petty cash and not wads of cash in pockets the day on and after payday. We see the banks are now liquid and loans are being given based on “credit rating” criteria. So this economy is slowly being converted over to the global banking systems. So much progress has been made towards the “project to delete the zeros”. [post 2 of 2]
12-10-2018 Newshound/Intel Guru Mnt Goat The CBI has told me many times that they can not just launch these very low. lower denominations like the new polymer 5,10,25,50 100 and coins until the economy is suited for them. So how do they get the economy suited for them? They have a plan. First they must slowly make the 250, 500 and 1000 in demand, use electronic banking for larger purchases, then as the economy grows begin to launch these other notes. I would be looking for the 50 and the 100 notes next. At some point they will reinstate the dinar but we don’t know just at what point of equilibrium it will be. To do this means an educational process of what these newer polymer notes look like and how to use them. [post 1 of 2....stay tuned]
12-10-2018 Intel Guru RayRen98 [via sunny] I'm feeling really good about the 100% this week but it might move slower than some of you expect. Reports from some members last night of group activity and receiving communications to come in on Friday to make their exchanges. The process may become more evident this week that it's done, it's finished! ...Anything else pops up we'll be too glad to keep you updated. At best this is an exciting week. We are looking for something to happen. Keep believing. We sure do.
12-10-2018 Intel Guru Frank26 Due to the fact that they are showing these “slots,” you know these digital “slots numbers” available, it means that they have calculated international numbers. Now, the rate has to do the same thing by announcing that they did this with the CBI’s REER numbers. The Real numbers. ...I mean 43 Trillion all year? Then all of the sudden 1 Trillion in one month? My goodness gracious, the rate has to be pretty doggone high for 1 Trillion to equal 43 Trillion.
12-10-2018 Intel Guru Delta ...it looks like the Central Bank of Iraq, they got 100% linked to International Banking. The Central Bank to the BIS. They are now linked to the Forex. Everything is set up from the Central Bank of Iraq and the Iraqi Market is effecting that. Remember the Iraqi Stock Exchange, they didn’t change the plan and they are supposed to go international BEFORE END OF THIS YEAR. And they have to be in NASDAQ. So they need those fractional numbers. So for the Iraqi Market to show those fractional numbers, that gives you indication that the Central Bank of Iraq, they are about to raise the rate. I’m talking about any moment now, based on this information.
12-10-2018 Newshound/Intel Guru RVAlready Once the LDs were printed, the last physical impediment to the RV was removed. Assuming that the US treasury, Trump, and the IMF are ready, the CBI can now release at a moment's notice. Thus, there is finally some possibility that this might be done by the end of the week. Before now, every time someone said "by Monday, or by Friday" it was almost impossible, because the LDs had not even been printed. ...they were recently printed. It has been announced...a few weeks back...Allaq was showing them off.
12-10-2018 Newshound/Intel Guru Mnt Goat But we can see that they have surely moved already to the next level and important step. For years and years they struggled just to get the banking reforms in place. Not they have the ATMs running, electronic payrolls, electronic POS, credit cards, and emphasis on just petty cash and not wads of cash in pockets the day on and after payday. We see the banks are now liquid and loans are being given based on “credit rating” criteria. So this economy is slowly being converted over to the global banking systems. So much progress has been made towards the “project to delete the zeros”. [post 2 of 2]
12-10-2018 Newshound/Intel Guru Mnt Goat The CBI has told me many times that they can not just launch these very low. lower denominations like the new polymer 5,10,25,50 100 and coins until the economy is suited for them. So how do they get the economy suited for them? They have a plan. First they must slowly make the 250, 500 and 1000 in demand, use electronic banking for larger purchases, then as the economy grows begin to launch these other notes. I would be looking for the 50 and the 100 notes next. At some point they will reinstate the dinar but we don’t know just at what point of equilibrium it will be. To do this means an educational process of what these newer polymer notes look like and how to use them. [post 1 of 2....stay tuned]
12-10-2018 Intel Guru RayRen98 [via sunny] I'm feeling really good about the 100% this week but it might move slower than some of you expect. Reports from some members last night of group activity and receiving communications to come in on Friday to make their exchanges. The process may become more evident this week that it's done, it's finished! ...Anything else pops up we'll be too glad to keep you updated. At best this is an exciting week. We are looking for something to happen. Keep believing. We sure do.
12-10-2018 Intel Guru Frank26 Due to the fact that they are showing these “slots,” you know these digital “slots numbers” available, it means that they have calculated international numbers. Now, the rate has to do the same thing by announcing that they did this with the CBI’s REER numbers. The Real numbers. ...I mean 43 Trillion all year? Then all of the sudden 1 Trillion in one month? My goodness gracious, the rate has to be pretty doggone high for 1 Trillion to equal 43 Trillion.
12-10-2018 Intel Guru Delta ...it looks like the Central Bank of Iraq, they got 100% linked to International Banking. The Central Bank to the BIS. They are now linked to the Forex. Everything is set up from the Central Bank of Iraq and the Iraqi Market is effecting that. Remember the Iraqi Stock Exchange, they didn’t change the plan and they are supposed to go international BEFORE END OF THIS YEAR. And they have to be in NASDAQ. So they need those fractional numbers. So for the Iraqi Market to show those fractional numbers, that gives you indication that the Central Bank of Iraq, they are about to raise the rate. I’m talking about any moment now, based on this information.
12-10-2018 Newshound/Intel Guru RVAlready Once the LDs were printed, the last physical impediment to the RV was removed. Assuming that the US treasury, Trump, and the IMF are ready, the CBI can now release at a moment's notice. Thus, there is finally some possibility that this might be done by the end of the week. Before now, every time someone said "by Monday, or by Friday" it was almost impossible, because the LDs had not even been printed. ...they were recently printed. It has been announced...a few weeks back...Allaq was showing them off.
12-9-2018 Newshound Guru MilitiaMan Article: "The 2018 Annual Conference of the Central Bank of Iraq .... The harvest of achievements and the start of the development process for the year 2019" Quotes: "The conference comes at this time, The ministerial cab of the new government and the start of the process of economic reform and economic stability..."; "...the Central Bank re-evaluated and classified banks in accordance with international standards...as well as establishing the deposit guarantee company in order to raise the savings rate at banks and reduce the percentage of housekeeping in the economy and thus activate the economy through activating investment..." A dandy of an article.. ...And it looks as though they'll legitimize the Cab, as in pronto per Sadr! - imo I wonder if they mean where they say delivering their achievements means they have delivered their new currency too...??? Inter-bank style between Central Banks??
12-9-2018 Newshound/Intel Guru David M. Witty Schedule for Iraqi Parliament's meeting today does not contain a vote on unfilled cabinet positions. Still no political agreement on nominees.
12-9-2018 Newshound Guru Breitling ...We are kicking butt and taking names in Iraq. Don’t get too stuck on $55 [price per barrel] that it has to be there. I say you change the value of the currency before that but that’s just me…If it goes below…what they need for price per barrel for the country to function…they’re definitely going to need to add value to their currency to be able to make up for that…This is the language coming out of the committees…they are looking at being able to do business with the west. And they’re looking at sidetracking any policy that OPEC gets together and we’ll see what they do. No body knows what they’ll do. This is the language. The other thing is ok, they’re in the…western markets, 'why don’t we start adding value to our currency so we can get that much more into our markets.' Do you see what I’m saying? That’s what they’re talking about. That’s the language that they’re using. How they’ll do it? When they’ll do it? [He doesn’t know either] But everything is in place exactly what we’ve been talking about. We’re watching it like we’re supposed to and that’s all we can do. I’m very very happy about what’s going on…
12-9-2018 Intel Guru Delta Now you have to ask yourself, where is the Central Bank of Iraq getting those numbers from? The Fractional numbers. ...where is the Iraqi Market getting those fractions from? Like 1193.853. Where are they bringing those .853? The ONLY way they can do that is they have to be linked internationally to be able to do that! ...So, that gives you indication that the Central Bank of Iraq should show the numbers today or tomorrow, this week, or next week, whatever it is. But the numbers have to show up...they have to plug in now the Iraqi exchange rate...they’re going to show us the numbers. Those fractional numbers, they’re not made for the CBI. Those basic rates, calculated, based on the international numbers and this is really very significant.
12-9-2018 Newshound/Intel Guru David M. Witty Schedule for Iraqi Parliament's meeting today does not contain a vote on unfilled cabinet positions. Still no political agreement on nominees.
12-9-2018 Newshound Guru Breitling ...We are kicking butt and taking names in Iraq. Don’t get too stuck on $55 [price per barrel] that it has to be there. I say you change the value of the currency before that but that’s just me…If it goes below…what they need for price per barrel for the country to function…they’re definitely going to need to add value to their currency to be able to make up for that…This is the language coming out of the committees…they are looking at being able to do business with the west. And they’re looking at sidetracking any policy that OPEC gets together and we’ll see what they do. No body knows what they’ll do. This is the language. The other thing is ok, they’re in the…western markets, 'why don’t we start adding value to our currency so we can get that much more into our markets.' Do you see what I’m saying? That’s what they’re talking about. That’s the language that they’re using. How they’ll do it? When they’ll do it? [He doesn’t know either] But everything is in place exactly what we’ve been talking about. We’re watching it like we’re supposed to and that’s all we can do. I’m very very happy about what’s going on…
12-9-2018 Intel Guru Delta Now you have to ask yourself, where is the Central Bank of Iraq getting those numbers from? The Fractional numbers. ...where is the Iraqi Market getting those fractions from? Like 1193.853. Where are they bringing those .853? The ONLY way they can do that is they have to be linked internationally to be able to do that! ...So, that gives you indication that the Central Bank of Iraq should show the numbers today or tomorrow, this week, or next week, whatever it is. But the numbers have to show up...they have to plug in now the Iraqi exchange rate...they’re going to show us the numbers. Those fractional numbers, they’re not made for the CBI. Those basic rates, calculated, based on the international numbers and this is really very significant.
12-8-2018 Intel Guru Delta ...So what’s gonna happen is remember, they’re going to introduce the lower denomination notes and add value that’s going to replace and phase out the 3-zero notes. So how much do they have in total? They have about 43 trillion outside the bank, which is worth about 40 billion dollars. So..., this 1 trillion dinars they have, they should have a very high value, in order for them to replace THE WHOLE VALUE of the 43 trillion dinars. ...So the calculations, the mathematics is going to be like this: 1 Trillion New Iraqi Dinars is going to be equivalent to the 43 Trillion Dinars. This is really HUGE and amazing. So the exchange rate has to be, based on we’ve got here, has to be close to $2.85 to $3.00...
12-8-2018 Newshound Guru Breitling …Understanding what Iraq needs to do. Understanding where Iraq’s currency is at and looking at the historical numbers on where they lost it’s value…how they keep their value down. What advantages they have keeping the value down. What advantages do they have…adding value to it. There’s nothing more than that…we’re speculating based on those principles. And that’s how people do it. A lot of the people that were involved in helping that country [Iraq] set up their currency are officials in the United States. I know these people. Not all of them, some of them. They all have dinar...
12-8-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament excepted to vote tomorrow on remaining unfilled cabinet positions.
12-8-2018 Intel Gurus Delta and Frank26 They changed how they are putting their mathematical rate on their site. This is exciting...they didn’t give us an exchange rate. Because now we’re going to have the exact exchange rate based on international calculations, which is where it’s going to be $1.50 to $2.00, $3.00, whatever they come up. But definitely the numbers are all calculated...It looks like the CBI now is ready to release the new rate and it could happen at any moment now...
12-8-2018 Intel Guru ADMINBILL MANY TEXTS RECEIVED YESTERDAY REPORTING HAPPY DAYS ARE CLOSE AT HAND...
12-8-2018 Newshound Guru Breitling Article: “Iraq, Kuwait and Qatar are the only major OPEC producers able to balance their budget. According to current prices of 58 dollars per barrel Iraq, Kuwait and Qatar are the only major producers who can balance their budget…Kuwait needs $48 to reach break even point. While Qatar can balance it’s budget by a barrel of oil of about $47…according to IMF data Iraq requires $55 per barrel.” So there we have it…the budget that I had and the numbers I was looking at was about $58 to $60. So I don’t know where these numbers come from but let’s assume these guys are right they’re saying the data came from the IMF. “Iraq requires $55 per barrel to achieve a break. Saudi Arabia needs $88.” We know Saudi Arabi doesn’t need $88 anymore because they got opened up to U.S. markets. So the UAE needs $71. Amman [Jordan] needs $77. Iran needs $111…and Libya needs $114. So that’s what we’re looking at, $55 per barrel. Remember it’s long-term…We’re trying to shut out Iran. We’re trying to offer a way out to Iraq that makes them a partner with us. And they’re probably going to take it because they’re looking at what’s happening with Saudi Arabia.
12-8-2018 Newshound/Intel Guru Mnt Goat Article: "THE DELAY IN THE FORMATION OF THE GOVERNMENT IN BAGHDAD HAS HINDERED ACCESS TO LOAN FUNDS AND GRANTS" so because it is taking so long to form this new govt, it is now beginning to overflow into the financial system of Iraq too. Can you see why they need to choose an honest minister of interior? So it not all about the dinar RV that is holding up the funding from investors but rather the elections.
12-8-2018 Newshound Guru Breitling …Understanding what Iraq needs to do. Understanding where Iraq’s currency is at and looking at the historical numbers on where they lost it’s value…how they keep their value down. What advantages they have keeping the value down. What advantages do they have…adding value to it. There’s nothing more than that…we’re speculating based on those principles. And that’s how people do it. A lot of the people that were involved in helping that country [Iraq] set up their currency are officials in the United States. I know these people. Not all of them, some of them. They all have dinar...
12-8-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament excepted to vote tomorrow on remaining unfilled cabinet positions.
12-8-2018 Intel Gurus Delta and Frank26 They changed how they are putting their mathematical rate on their site. This is exciting...they didn’t give us an exchange rate. Because now we’re going to have the exact exchange rate based on international calculations, which is where it’s going to be $1.50 to $2.00, $3.00, whatever they come up. But definitely the numbers are all calculated...It looks like the CBI now is ready to release the new rate and it could happen at any moment now...
12-8-2018 Intel Guru ADMINBILL MANY TEXTS RECEIVED YESTERDAY REPORTING HAPPY DAYS ARE CLOSE AT HAND...
12-8-2018 Newshound Guru Breitling Article: “Iraq, Kuwait and Qatar are the only major OPEC producers able to balance their budget. According to current prices of 58 dollars per barrel Iraq, Kuwait and Qatar are the only major producers who can balance their budget…Kuwait needs $48 to reach break even point. While Qatar can balance it’s budget by a barrel of oil of about $47…according to IMF data Iraq requires $55 per barrel.” So there we have it…the budget that I had and the numbers I was looking at was about $58 to $60. So I don’t know where these numbers come from but let’s assume these guys are right they’re saying the data came from the IMF. “Iraq requires $55 per barrel to achieve a break. Saudi Arabia needs $88.” We know Saudi Arabi doesn’t need $88 anymore because they got opened up to U.S. markets. So the UAE needs $71. Amman [Jordan] needs $77. Iran needs $111…and Libya needs $114. So that’s what we’re looking at, $55 per barrel. Remember it’s long-term…We’re trying to shut out Iran. We’re trying to offer a way out to Iraq that makes them a partner with us. And they’re probably going to take it because they’re looking at what’s happening with Saudi Arabia.
12-8-2018 Newshound/Intel Guru Mnt Goat Article: "THE DELAY IN THE FORMATION OF THE GOVERNMENT IN BAGHDAD HAS HINDERED ACCESS TO LOAN FUNDS AND GRANTS" so because it is taking so long to form this new govt, it is now beginning to overflow into the financial system of Iraq too. Can you see why they need to choose an honest minister of interior? So it not all about the dinar RV that is holding up the funding from investors but rather the elections.
12-7-2018 Intel Guru Delta "Iraq new 500-dinar note (B359a) confirmed" "Iraq new 250-dinar note (B358a) confirmed" THE 1000 NOTE WAS OUT LAST MONTH....BUT 250 500 JUST COMING OUT NOW FOR A REASON!!!
12-7-2018 Newshound/Intel Guru Mnt Goat So Thursday came and went and still no vote on the remaining two last ministers...the minister of interior and defense... But negotiations are now underway. ...President Barham Saleh confirmed the completion of the government formation in accordance with the constitution. We know that Iraq had until Dec 4th to meet the constitutional deadline to form the government. But what about the other 2 ministers for Mahdi’s cabinet? So this news from Saleh is not entirely accurate. But technically they can say it is since Mahdi just uses the “proxy” excuse and assumes the interior and defense ministers himself.
12-7-2018 Intel Guru Bruce ...We know we can celebrate on the one hand because Iraq finally did what it is they were supposed to do putting everything in the Gazette...Wednesday as indicated. We had confirmations that happened. We do have confirmation of a rate...today for the Iraqi dinar at $6.78. It does not mean that is the final rate, but it is the rate that was available today. It can be traded up and it can be traded down. It is just an indicator for you. ...I know Iraq is done. Iraq has done what they said they would do. ...I think we are in the position we can say virtually anytime. ...I am not going to call it. I am just going to tell you I think we are really looking good the next couple of days.
12-7-2018 Intel Gurus Frank26 and Delta ...another huge thing...I do think, they are de-pegging from the dollar. The Iraqi Dinar was pegged to the US Dollar, ONLY, for the last 13-14 years. ...we talked about this a long time ago, when we see that they have 3 digits next to the decimal point, then we know that they are de-pegging from the US dollar. ...I know they are going to peg to the basket of currency. ...But for them to do that now...would give you an indication that they are really REALLY very close to show us the rate...Reinstate their currency. [post 2 of 2]
12-7-2018 Intel Gurus Frank26 and Delta [Guru] Walkingstick told us the fractional banking - the fractional rate calculations - all the math! It’s long been done. Then all the sudden, you find slots opening up for digits, in the fractional area...now you have a decimal point... this is the first time the Central Bank of Iraq is reporting the 3- digits AFTER the decimal point with the US dollar. ...we know that they are about to go international, so they need those digits...when you go international you have to have that fractional number...Because if you have like one-tenth of a penny internationally, that can make a lot of difference on banking, the fractionals, and how they make their money. [post 1 of 2....stay tuned]
12-7-2018 Newshound/Intel Guru Mnt Goat So Thursday came and went and still no vote on the remaining two last ministers...the minister of interior and defense... But negotiations are now underway. ...President Barham Saleh confirmed the completion of the government formation in accordance with the constitution. We know that Iraq had until Dec 4th to meet the constitutional deadline to form the government. But what about the other 2 ministers for Mahdi’s cabinet? So this news from Saleh is not entirely accurate. But technically they can say it is since Mahdi just uses the “proxy” excuse and assumes the interior and defense ministers himself.
12-7-2018 Intel Guru Bruce ...We know we can celebrate on the one hand because Iraq finally did what it is they were supposed to do putting everything in the Gazette...Wednesday as indicated. We had confirmations that happened. We do have confirmation of a rate...today for the Iraqi dinar at $6.78. It does not mean that is the final rate, but it is the rate that was available today. It can be traded up and it can be traded down. It is just an indicator for you. ...I know Iraq is done. Iraq has done what they said they would do. ...I think we are in the position we can say virtually anytime. ...I am not going to call it. I am just going to tell you I think we are really looking good the next couple of days.
12-7-2018 Intel Gurus Frank26 and Delta ...another huge thing...I do think, they are de-pegging from the dollar. The Iraqi Dinar was pegged to the US Dollar, ONLY, for the last 13-14 years. ...we talked about this a long time ago, when we see that they have 3 digits next to the decimal point, then we know that they are de-pegging from the US dollar. ...I know they are going to peg to the basket of currency. ...But for them to do that now...would give you an indication that they are really REALLY very close to show us the rate...Reinstate their currency. [post 2 of 2]
12-7-2018 Intel Gurus Frank26 and Delta [Guru] Walkingstick told us the fractional banking - the fractional rate calculations - all the math! It’s long been done. Then all the sudden, you find slots opening up for digits, in the fractional area...now you have a decimal point... this is the first time the Central Bank of Iraq is reporting the 3- digits AFTER the decimal point with the US dollar. ...we know that they are about to go international, so they need those digits...when you go international you have to have that fractional number...Because if you have like one-tenth of a penny internationally, that can make a lot of difference on banking, the fractionals, and how they make their money. [post 1 of 2....stay tuned]
12-6-2018 Newshound Guru MilitiaMan "Live Iraqi Dinar (IQD) Exchange Rates...USD IQD 1190.00027 Dollars to Iraqi Dinar" More progress and or fine tuning the line up. 5 digitis then 6? We shall see. What I would like to see is some small polymer notes and some fils... imo to go along side those digits right of the decimal and a nice healthy number the the left.
12-6-2018 Newshound/Intel Guru RVAlready I think Mahdi can simply appoint the positions. It has been done by previous PMs. Disagreeing parliament members will complain, but they had their chance to elect, and they failed. They know that they failed, and that action must be taken…
12-6-2018 Newshound Guru MilitiaMan Reporting or pairing is now in line for the list of currencies. Sort of additional education that is completed, imo. Those that will be needing to know can see the 4 digits to the right of the decimal. Place the international calculation in and easy math. imo One more indicator the process is underway...
12-6-2018 Intel Guru RayRen98 Things are moving faster than is being publicized. We received great news yesterday with more confirmation this morning.... It’s a good day to review your action plan.
12-6-2018 Newshound Guru Breitling Article: “Iraq denies report on Trump requesting oil for return for Baghdad war” …I’ll tell you what’s going on. This is not something you’ll read in the articles. We are trying to do deals with oil markets with Iraq but it’s completely separate from what this is talking about…we know what Iraq needs to survive and we’re offering them a way out so that they’re in our camp.
12-6-2018 Newshound Guru Adam Montana Holding pattern on HCL. This is going to break soon. I'm watching it like a hawk and can't WAIT for this to turn! It is going to be in our favor. I'm betting big on this.
12-6-2018 Newshound Guru Breitling …the price per barrel is going down. So what do they [Iraq] do? They can do what you and I are speculating on and add value to their currency but there are other stuff also. Iraq wants to compete in the American markets. We can do trade deals with them. So that’s why Iraq shut the door on Iran because they’re looking for the same type of deal that Saudi Arabia had. So now we have them in our pocket. 12-6-2018 Newshound Guru Breitling …the price per barrel is going down. So what do they [Iraq] do? They can do what you and I are speculating on and add value to their currency but there are other stuff also. Iraq wants to compete in the American markets. We can do trade deals with them. So that’s why Iraq shut the door on Iran because they’re looking for the same type of deal that Saudi Arabia had. So now we have them in our pocket.
12-6-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament to meet today but not expected to vote on unfilled cabinet positions.
12-6-2018 Newshound/Intel Guru RVAlready I think Mahdi can simply appoint the positions. It has been done by previous PMs. Disagreeing parliament members will complain, but they had their chance to elect, and they failed. They know that they failed, and that action must be taken…
12-6-2018 Newshound Guru MilitiaMan Reporting or pairing is now in line for the list of currencies. Sort of additional education that is completed, imo. Those that will be needing to know can see the 4 digits to the right of the decimal. Place the international calculation in and easy math. imo One more indicator the process is underway...
12-6-2018 Intel Guru RayRen98 Things are moving faster than is being publicized. We received great news yesterday with more confirmation this morning.... It’s a good day to review your action plan.
12-6-2018 Newshound Guru Breitling Article: “Iraq denies report on Trump requesting oil for return for Baghdad war” …I’ll tell you what’s going on. This is not something you’ll read in the articles. We are trying to do deals with oil markets with Iraq but it’s completely separate from what this is talking about…we know what Iraq needs to survive and we’re offering them a way out so that they’re in our camp.
12-6-2018 Newshound Guru Adam Montana Holding pattern on HCL. This is going to break soon. I'm watching it like a hawk and can't WAIT for this to turn! It is going to be in our favor. I'm betting big on this.
12-6-2018 Newshound Guru Breitling …the price per barrel is going down. So what do they [Iraq] do? They can do what you and I are speculating on and add value to their currency but there are other stuff also. Iraq wants to compete in the American markets. We can do trade deals with them. So that’s why Iraq shut the door on Iran because they’re looking for the same type of deal that Saudi Arabia had. So now we have them in our pocket. 12-6-2018 Newshound Guru Breitling …the price per barrel is going down. So what do they [Iraq] do? They can do what you and I are speculating on and add value to their currency but there are other stuff also. Iraq wants to compete in the American markets. We can do trade deals with them. So that’s why Iraq shut the door on Iran because they’re looking for the same type of deal that Saudi Arabia had. So now we have them in our pocket.
12-6-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament to meet today but not expected to vote on unfilled cabinet positions.
12-5-2018 Newshound Guru MilitiaMan ...They go on to say the start of activation and implementation of the 2019 plans are under way. WS [Guru Walkingstick] showed us the 12/02/2018 4:00 Am Baghdad time was a point of interest for the trading of the Iraqi Dinar Globally / Worldwide. The coming out party with possible polymer new notes for small categories may be upon us oh so very soon! We shall see.. imo. [post 2 of 2]
12-5-2018 Newshound Guru MilitiaMan Article: “The 2018 Annual Conference of the Central Bank of Iraq .... The harvest of achievements and the start of the development process for the year 2019” Timing for the 10th. They will end 2018 on the 10th and that happens to be a Holiday announced yesterday. It is expected based on the above they'll have a new government cabinet and start the process of economic reform. ...Nusairi...says Alak and his teams have made exceptional efforts in restoring relations in the Arab and Foreign Central Banks over the past four years. The CBI has met with the UN, WB and IMF which is telling us the CBI has strengthened the CBIs economic resilience and achieved financial victory. [post 1 of 2....stay tuned]
12-5-2018 Newshound Guru Kaperoni The launch of "golden opportunity" summit with 50 international companies has begun in Iraq.
12-5-2018 Newshound/Intel Guru Mnt Goat Article: "A "GOLDEN OPPORTUNITY" FOR IRAQI RECONSTRUCTION" Quote: "...WILL OPEN THE WAY FOR PRESENTING LARGE RECONSTRUCTION OPPORTUNITIES TO INVESTMENT COMPANIES..." Oh – yet another investment conference. ...There are still 111 bills carried over form the last parliament that need to be addresses. Many of these bills relieve the barriers in doing business within Iraq. So they can have all of these investment conferences they want but until they get these bills passed they are still going nowhere. Too bad they just can’t seem to work together to get this country moving forward. We can appreciate all that Hader al-Abadi did and so let’s not cut him short on his accomplishments.
12-5-2018 Intel Guru Footforward To be clear, it's my opinion the rate will be well above 86 cents...
12-5-2018 Newshound/Intel Guru Mnt Goat I agree with Kap [Guru Kaperoni] in that the CBI has told us this is a 3 year process. So we are now at the end of this process. In fact if we get out of this year we have passed it. But remember the CBI just can’t trigger the event in a day and expect to transition the currency over that same day. It takes time and there are mechanisms to put in place over months if not years. One such mechanism was “electronic banking”. Another we can clearly see was the ATMs. In March-Oct we witnessed yet another the effort to get the people over to using the lower category notes. But this third mechanism only works because these other two mechanisms were already in place. If you are studying this process to delete the zeros you can clearly see the progression of what the CBI is doing to get them to the reinstatement timeframe.
12-5-2018 Intel Guru Bruce Sunday morning at 4 am Baghdad time which was 8 pm EST Saturday night that was the shot that was heard around the world. That was the term it was called. It is supposed to have been a 3 day turn before we get a pretty close heads up we are about ready to go. That would put us somewhere between now and tomorrow morning [Wednesday]. I am just going to say this is not definitive exactly what the timing is. However, it is a good indicator things are moving right along. We know Iraq is supposed to put everything tomorrow into the Gazette. I believe it will include a rate. ...Then I think we are very close. [post 2 of 2]
12-5-2018 Intel Guru Bruce We are getting down to the very end. ...Iraq on Sunday morning...took their rate and made it tradable...and in 8 seconds after it was on the Forex available to be traded, it was traded up. It has been traded up ever since and it continues to go there. Even yesterday it went over from $6 to $6.50, and I do not know where it is now. I am just saying that it is moving in the right direction. I will say this as well. The Vietnamese dong at this point is within 6% to 8% of the Iraqi dinar. It should stay there within 6% to 8% because they are trying to level the playing field with the dinar, the dong, and I do not know how many other currencies are going to be that close on par, but I do know those two are relatively close. You can forget all that .47 cents for the dong...because it is going to be much higher than that. [post 1 of 2....stay tuned]
12-5-2018 Newshound Guru MilitiaMan Article: “The 2018 Annual Conference of the Central Bank of Iraq .... The harvest of achievements and the start of the development process for the year 2019” Timing for the 10th. They will end 2018 on the 10th and that happens to be a Holiday announced yesterday. It is expected based on the above they'll have a new government cabinet and start the process of economic reform. ...Nusairi...says Alak and his teams have made exceptional efforts in restoring relations in the Arab and Foreign Central Banks over the past four years. The CBI has met with the UN, WB and IMF which is telling us the CBI has strengthened the CBIs economic resilience and achieved financial victory. [post 1 of 2....stay tuned]
12-5-2018 Newshound Guru Kaperoni The launch of "golden opportunity" summit with 50 international companies has begun in Iraq.
12-5-2018 Newshound/Intel Guru Mnt Goat Article: "A "GOLDEN OPPORTUNITY" FOR IRAQI RECONSTRUCTION" Quote: "...WILL OPEN THE WAY FOR PRESENTING LARGE RECONSTRUCTION OPPORTUNITIES TO INVESTMENT COMPANIES..." Oh – yet another investment conference. ...There are still 111 bills carried over form the last parliament that need to be addresses. Many of these bills relieve the barriers in doing business within Iraq. So they can have all of these investment conferences they want but until they get these bills passed they are still going nowhere. Too bad they just can’t seem to work together to get this country moving forward. We can appreciate all that Hader al-Abadi did and so let’s not cut him short on his accomplishments.
12-5-2018 Intel Guru Footforward To be clear, it's my opinion the rate will be well above 86 cents...
12-5-2018 Newshound/Intel Guru Mnt Goat I agree with Kap [Guru Kaperoni] in that the CBI has told us this is a 3 year process. So we are now at the end of this process. In fact if we get out of this year we have passed it. But remember the CBI just can’t trigger the event in a day and expect to transition the currency over that same day. It takes time and there are mechanisms to put in place over months if not years. One such mechanism was “electronic banking”. Another we can clearly see was the ATMs. In March-Oct we witnessed yet another the effort to get the people over to using the lower category notes. But this third mechanism only works because these other two mechanisms were already in place. If you are studying this process to delete the zeros you can clearly see the progression of what the CBI is doing to get them to the reinstatement timeframe.
12-5-2018 Intel Guru Bruce Sunday morning at 4 am Baghdad time which was 8 pm EST Saturday night that was the shot that was heard around the world. That was the term it was called. It is supposed to have been a 3 day turn before we get a pretty close heads up we are about ready to go. That would put us somewhere between now and tomorrow morning [Wednesday]. I am just going to say this is not definitive exactly what the timing is. However, it is a good indicator things are moving right along. We know Iraq is supposed to put everything tomorrow into the Gazette. I believe it will include a rate. ...Then I think we are very close. [post 2 of 2]
12-5-2018 Intel Guru Bruce We are getting down to the very end. ...Iraq on Sunday morning...took their rate and made it tradable...and in 8 seconds after it was on the Forex available to be traded, it was traded up. It has been traded up ever since and it continues to go there. Even yesterday it went over from $6 to $6.50, and I do not know where it is now. I am just saying that it is moving in the right direction. I will say this as well. The Vietnamese dong at this point is within 6% to 8% of the Iraqi dinar. It should stay there within 6% to 8% because they are trying to level the playing field with the dinar, the dong, and I do not know how many other currencies are going to be that close on par, but I do know those two are relatively close. You can forget all that .47 cents for the dong...because it is going to be much higher than that. [post 1 of 2....stay tuned]
12-4-2018 Newshound Guru Kaperoni ...the 2% rule has nothing to do with the choice of float...the 2% rule has to do with stability within Iraq and keeping the dinar exchange rate consistant within the country...the 2% rule is meant to eliminate MCPs within the country...not related at all to the nominal exchange rate of the currency...unfortuately many people do not understand the terminology used by the IMF and others related to monetary policy...an example is MCPs or Multiple Currency Practice...MCP does not mean two currencies or dinar and dollar as some like to say. It means the price of an Item in one part of the country vs the price of the same item in another part.
12-4-2018 Guest Guru Doc.K [Guru ChrisC...Why does everyone think decimal places equals fils? Using fils at this rate would be ludicrous. If we don't see that decimal point move to the left, I don't get what we are dancing about.] In order to have parity or an exchange rate with a major currency, they need to change to the same 2 place decimal system to convert. i.e. The USD does not have $1.259 it is only $1.25 or $1.26. This forces them to use a fraction of a dinar ( a fil = the metals) in the market place and INTERNATIONALLY. They are not dealing with WHOLE #s anymore as in $1 usd = 1200 dinars.
12-4-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament delays vote on unfilled cabinet positions. Iraqi Parliament meeting to approve unfilled cabinet positions ends in chaos & shouting among political blocs.
12-4-2018 Newshound Guru Kaperoni [And The reason why the IMF is still preventing Iraq to become ARTICLE VIII?] They are in compliance now but have not had their 2018 Article IV Consultation yet because the government has not been officially formed. Though not a requirement, I do expect this consultation to occur before any move to Article VIII.
12-4-2018 Newshound Guru Kirk H. Sowell So they managed quorum after all, with 168 MPs, parliament is meeting. But quorum is 165 so that's a very narrow margin of error if they try to hold a vote, just four could walk out and break quorum.
12-4-2018 Intel/Newshound Guru sandyf ...Although what Kap [Guru Kaperoni] says is perfectly valid I would not agree. Floating the currency would not be a normal course of action for an emerging economy. Egypt was pushed into a float and look what happened...I doubt if that is what people want to see. It is not only emerging economies at risk, the Russian Rouble became fully convertible in 2006 but avoided the risk of floating until 2014, again a significant drop in currency value. ...I for one would hope that Iraq does not face similar problems.
12-4-2018 Newshound/Intel Guru RVAlready I think it is a good week for Allaq to push the button. They really need the RV to move forward…So much of what they want to do needs money. The RV will supply that.
12-4-2018 Newshound Guru Kirk H. Sowell So today may be a big day in #Iraq politics, with parliament scheduled to meet...with completing the cabinet of PM Adil Abd al-Mahdi on the agenda. Or maybe it will wimper & fail to make quorum, or just skip the cabinet votes & be nothing.
12-4-2018 Guest Guru Doc.K [Guru ChrisC...Why does everyone think decimal places equals fils? Using fils at this rate would be ludicrous. If we don't see that decimal point move to the left, I don't get what we are dancing about.] In order to have parity or an exchange rate with a major currency, they need to change to the same 2 place decimal system to convert. i.e. The USD does not have $1.259 it is only $1.25 or $1.26. This forces them to use a fraction of a dinar ( a fil = the metals) in the market place and INTERNATIONALLY. They are not dealing with WHOLE #s anymore as in $1 usd = 1200 dinars.
12-4-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament delays vote on unfilled cabinet positions. Iraqi Parliament meeting to approve unfilled cabinet positions ends in chaos & shouting among political blocs.
12-4-2018 Newshound Guru Kaperoni [And The reason why the IMF is still preventing Iraq to become ARTICLE VIII?] They are in compliance now but have not had their 2018 Article IV Consultation yet because the government has not been officially formed. Though not a requirement, I do expect this consultation to occur before any move to Article VIII.
12-4-2018 Newshound Guru Kirk H. Sowell So they managed quorum after all, with 168 MPs, parliament is meeting. But quorum is 165 so that's a very narrow margin of error if they try to hold a vote, just four could walk out and break quorum.
12-4-2018 Intel/Newshound Guru sandyf ...Although what Kap [Guru Kaperoni] says is perfectly valid I would not agree. Floating the currency would not be a normal course of action for an emerging economy. Egypt was pushed into a float and look what happened...I doubt if that is what people want to see. It is not only emerging economies at risk, the Russian Rouble became fully convertible in 2006 but avoided the risk of floating until 2014, again a significant drop in currency value. ...I for one would hope that Iraq does not face similar problems.
12-4-2018 Newshound/Intel Guru RVAlready I think it is a good week for Allaq to push the button. They really need the RV to move forward…So much of what they want to do needs money. The RV will supply that.
12-4-2018 Newshound Guru Kirk H. Sowell So today may be a big day in #Iraq politics, with parliament scheduled to meet...with completing the cabinet of PM Adil Abd al-Mahdi on the agenda. Or maybe it will wimper & fail to make quorum, or just skip the cabinet votes & be nothing.
12-3-2018 Newshound Guru Kaperoni Looks like PM Mahdi will present the rest of his cabinet at tomorrow's parliament session.
12-3-2018 Newshound Guru MilitiaMan "Baghdad calls on Washington to cooperate in activating the terms of the Strategic Framework Agreement” ...the SFA...is a check list that has been a work in progress since 01/01/2009 and is still imo in effect, as noted above and will continue. The items show us that they have completed many many things and we just...yesterday indicators of direct investment..., yesterdays Tweet by Mahdi about Visas and...on Passports. If the item is in the SFA and being openly talked about now, is a good sign things are coming together very quickly now. Well the SFA is about implementation of reforms.. Very very very good timing and it all loks like they are now asking to be released to fly with the new categories. WS [Guru Walkingstick] post suggests they got the go ahead 12/02/2018, imo.. We shall see.
12-3-2018 Newshound/Intel Guru RVAlready [Tomorrow is the day for the vote on the final Iraqi ministers.] There is always a fight in Iraq over the cabinet. Nothing new here. The folks saying delay tomorrow...just their personal opinion. I think they will finish most or all of the posts tomorrow… The Secretary General of the UN is led there, adding his support.
12-3-2018 Newshound Guru Stryker The time has finally come for the CBI and GOI to deleting the zeros but will they do it? (economic and political stability = 2019 Budget)
12-3-2018 Newshound/Intel Guru Mnt Goat Article: "THE FUTURE OF THE IRAQI DINAR" So here we go...This article is more explanation of the process to delete the zeros. This is part of the re-education process that had to take place prior to the EARLY 2019 reinstatement occurring. So here we have yet more evidence the CBI is finally doing this education campaign.
12-3-2018 Newshound Guru ChrisC "Iraqi Dinar Exchange Worldwide 4:00 AM Baghdad Time"
US Dollar
1 USD = 1,191.0000 Iraqi Dinar
1 Iraqi Dinar = 0.0008 USD
I have been watching this and not saying anything for several days, but why is everyone so worked up over decimal points? If we are going to the left, the 190 will occupy the three decimal places for the fils. Not sure what seeing three zeros the other way does for us. Actually makes me a touch nervous.
12-3-2018 Newshound Guru Kaperoni Iraq is not in IMF Article VIII as of yet. Believe me when i say this...when Iraq changes the exchange rate regime and moves to Article VIII you will hear it from me first.
12-3-2018 Newshound Guru MilitiaMan Quote: "Iraqi Dinar Exchange Worldwide 4:00 AM Baghdad Time" December 2, 2018 1:21 am" (EST), was the time that this was brought to us. imo. All those countries moved money into the IQD...? They have to have had good reason and will, to take such risk. Or was there risk? Not likely if the amount of money was in trillions. Tying up 100s of billions let alone potentially trillions, is not going to be taking lightly by those doing so. Thus, even if in 100s of billions, that money is not going to be there long without a darn good reason...Large reasons!! lol. There comes a time when a deal(s) has/have to be disclosed. 4:00 am 12/2/2018? Was that the shot heard around the world today? We shall see if the old 72 hr is real effective, exchangeable at an international rate or not. imo.
12-3-2018 Newshound Guru MilitiaMan "Baghdad calls on Washington to cooperate in activating the terms of the Strategic Framework Agreement” ...the SFA...is a check list that has been a work in progress since 01/01/2009 and is still imo in effect, as noted above and will continue. The items show us that they have completed many many things and we just...yesterday indicators of direct investment..., yesterdays Tweet by Mahdi about Visas and...on Passports. If the item is in the SFA and being openly talked about now, is a good sign things are coming together very quickly now. Well the SFA is about implementation of reforms.. Very very very good timing and it all loks like they are now asking to be released to fly with the new categories. WS [Guru Walkingstick] post suggests they got the go ahead 12/02/2018, imo.. We shall see.
12-3-2018 Newshound/Intel Guru RVAlready [Tomorrow is the day for the vote on the final Iraqi ministers.] There is always a fight in Iraq over the cabinet. Nothing new here. The folks saying delay tomorrow...just their personal opinion. I think they will finish most or all of the posts tomorrow… The Secretary General of the UN is led there, adding his support.
12-3-2018 Newshound Guru Stryker The time has finally come for the CBI and GOI to deleting the zeros but will they do it? (economic and political stability = 2019 Budget)
12-3-2018 Newshound/Intel Guru Mnt Goat Article: "THE FUTURE OF THE IRAQI DINAR" So here we go...This article is more explanation of the process to delete the zeros. This is part of the re-education process that had to take place prior to the EARLY 2019 reinstatement occurring. So here we have yet more evidence the CBI is finally doing this education campaign.
12-3-2018 Newshound Guru ChrisC "Iraqi Dinar Exchange Worldwide 4:00 AM Baghdad Time"
US Dollar
1 USD = 1,191.0000 Iraqi Dinar
1 Iraqi Dinar = 0.0008 USD
I have been watching this and not saying anything for several days, but why is everyone so worked up over decimal points? If we are going to the left, the 190 will occupy the three decimal places for the fils. Not sure what seeing three zeros the other way does for us. Actually makes me a touch nervous.
12-3-2018 Newshound Guru Kaperoni Iraq is not in IMF Article VIII as of yet. Believe me when i say this...when Iraq changes the exchange rate regime and moves to Article VIII you will hear it from me first.
12-3-2018 Newshound Guru MilitiaMan Quote: "Iraqi Dinar Exchange Worldwide 4:00 AM Baghdad Time" December 2, 2018 1:21 am" (EST), was the time that this was brought to us. imo. All those countries moved money into the IQD...? They have to have had good reason and will, to take such risk. Or was there risk? Not likely if the amount of money was in trillions. Tying up 100s of billions let alone potentially trillions, is not going to be taking lightly by those doing so. Thus, even if in 100s of billions, that money is not going to be there long without a darn good reason...Large reasons!! lol. There comes a time when a deal(s) has/have to be disclosed. 4:00 am 12/2/2018? Was that the shot heard around the world today? We shall see if the old 72 hr is real effective, exchangeable at an international rate or not. imo.
12-2-2018 Newshound/Intel Guru Mnt Goat ...Iraq can not RV the currency. The CBI must first reinstate the currency back on the exchanges. Any significant change in value (RV) will come from a managed float afterwards. So the reinstatement must take place first...this new development of not using the US dollar for trade with Iran may be our saving grace and force the CBI to do something soon...
12-2-2018 Newshound/Intel Guru David M. Witty In Iraq, PM Abdel-Mahdi looking at names of 28 candidates for Defense Minister, among them former Speaker of Parliament Jabouri.
12-2-2018 Newshound Guru Kaperoni Investors will do business with Iraq no matter what the exchange rate is as long as the CBI is an Article VIII. The key is that firms that invest in Iraq are able to get their profits out.
12-2-2018 Intel Guru Frank26
HEADINGS
Exchange Iraqi dinar globally 4:00 AM Baghdad time
Iraqi Dinar Exchange Worldwide 4:00 AM Baghdad Time
foreign currency
US Dollar
1 USD = 1,191.0000 Iraqi Dinar
1 Iraqi Dinar = 0.0008 USD
...WHAT WAS ONCE BEING TESTED...LAST YEAR WITH WS'S [Gruu Walkingstick] FIRM AND BANKS...IS NO LONGER ...INSTEAD NOW BEING IMPLEMENTED PERMANENTLY
12-2-2018 Newshound/Intel Guru Mnt Goat The CBI MUST change its program rate to legitimize this rate change after so many days, according to meeting Article 8 requirements. ...If it does not it will not be within the 2% mandatory compliance as set under Article 8. ...The question is for how long can the CBI hold off until they must change the program rate to stay within compliance to Article 8? So far it has been a week already and they have not done so. ...We have also heard rumors that the 120 :1 is now showing up on the ISX...it is NOT TRUE! ...We could be in for a nice Christmas if all goes well...I do know there is a target for LATE Dec to EARLY Jan... [post 2 of 2]
12-2-2018 Newshound/Intel Guru Mnt Goat Is the dinar really already 120 : 1 in Iraq? ...this may have been just a wild and wide swing in the marketplace in very isolated towns due to the sudden shift from the currency auctions when the decision came out to use dinar in place of the US dollar for trade with Iran. ...So then the dinar rate could rise against the US dollar and swing very suddenly. It may have done this last week... [post 1 of 2....stay tuned]
12-2-2018 Newshound Guru Kaperoni [Isn’t article 8 the reinstatement of their currency on to international trading platforms?] No. It is a standard of banking practice. The dinar is international now, just most if not all banks choose not to trade or do business with until that standard is met.
12-2-2018 Newshound/Intel Guru David M. Witty In Iraq, PM Abdel-Mahdi looking at names of 28 candidates for Defense Minister, among them former Speaker of Parliament Jabouri.
12-2-2018 Newshound Guru Kaperoni Investors will do business with Iraq no matter what the exchange rate is as long as the CBI is an Article VIII. The key is that firms that invest in Iraq are able to get their profits out.
12-2-2018 Intel Guru Frank26
HEADINGS
Exchange Iraqi dinar globally 4:00 AM Baghdad time
Iraqi Dinar Exchange Worldwide 4:00 AM Baghdad Time
foreign currency
US Dollar
1 USD = 1,191.0000 Iraqi Dinar
1 Iraqi Dinar = 0.0008 USD
...WHAT WAS ONCE BEING TESTED...LAST YEAR WITH WS'S [Gruu Walkingstick] FIRM AND BANKS...IS NO LONGER ...INSTEAD NOW BEING IMPLEMENTED PERMANENTLY
12-2-2018 Newshound/Intel Guru Mnt Goat The CBI MUST change its program rate to legitimize this rate change after so many days, according to meeting Article 8 requirements. ...If it does not it will not be within the 2% mandatory compliance as set under Article 8. ...The question is for how long can the CBI hold off until they must change the program rate to stay within compliance to Article 8? So far it has been a week already and they have not done so. ...We have also heard rumors that the 120 :1 is now showing up on the ISX...it is NOT TRUE! ...We could be in for a nice Christmas if all goes well...I do know there is a target for LATE Dec to EARLY Jan... [post 2 of 2]
12-2-2018 Newshound/Intel Guru Mnt Goat Is the dinar really already 120 : 1 in Iraq? ...this may have been just a wild and wide swing in the marketplace in very isolated towns due to the sudden shift from the currency auctions when the decision came out to use dinar in place of the US dollar for trade with Iran. ...So then the dinar rate could rise against the US dollar and swing very suddenly. It may have done this last week... [post 1 of 2....stay tuned]
12-2-2018 Newshound Guru Kaperoni [Isn’t article 8 the reinstatement of their currency on to international trading platforms?] No. It is a standard of banking practice. The dinar is international now, just most if not all banks choose not to trade or do business with until that standard is met.
12-1-2018 Newshound/Intel Guru Mnt Goat [...Have you had any direct contact with you CBI source to confirm that they are on track for late Dec or early 2019? The news you present is extremely exciting and is falling into place just like you predicted.] yes, and yes... However they must get this govt formed and they must keep Iranian influence out of it. This is now what the CBI is waiting for. So if this all lines up in late Dec, EARLY Jan I am hearing they will do it.
12-1-2018 Intel Guru Footforward [...Do think the dinar will revalue or am I living a fantasy? Should I get rid of it?] I can't tell you what to do. But I'm not getting rid of mine and I'm buying more. I believe this will happen.
12-1-2018 Newshound Guru Kaperoni The best we can hope for is the CBI moves to Article VIII under the IMF. Then float the currency as investors begin to rebuild Iraq. Only then as investors/investment comes into Iraq can the dinar begin to appreciate gradually. This is a process not a overnight event...
12-1-2018 Newshound/Intel Guru Mnt Goat 3) Just prior to the event they begin the slow education to the citizens and we are now witnessing this event once again. We are getting very close... I do not believe the CBI will just launch all the newer smaller category notes all at once. But rather they will slowly phase in the newer notes (5, 10,25,50,100) and fils (coins) as the economy dictates... Yes, I can now truly say we are now entering this window of opportunity but we must be patient and just wait for FACTUAL news to come out. [post 2 of 2]
12-1-2018 Newshound/Intel Guru Mnt Goat So I already proved to everyone why the end of the year (late Dec or EARLY Jan) is the BEST and MOST OPPORTUNE time period for Iraq to drop the zeros and then reinstate the currency. 1) Jan 1st is the beginning of the financial fiscal year within Iraq... 2) In ALL, and I mean ALL, of the previous, legitimate periods to reinstate the currency, they CBI always planned within LATE December to EARLY January to do it. This is well documented and FACTUAL periods... [post 1 of 2....stay tuned]
12-1-2018 Intel Guru RayRen98 Rates are "at it" again. [Ray told us that rates were fluctuating yesterday; therefore, they must be fluctuating again today.]
12-1-2018 Intel Guru Footforward [...Do think the dinar will revalue or am I living a fantasy? Should I get rid of it?] I can't tell you what to do. But I'm not getting rid of mine and I'm buying more. I believe this will happen.
12-1-2018 Newshound Guru Kaperoni The best we can hope for is the CBI moves to Article VIII under the IMF. Then float the currency as investors begin to rebuild Iraq. Only then as investors/investment comes into Iraq can the dinar begin to appreciate gradually. This is a process not a overnight event...
12-1-2018 Newshound/Intel Guru Mnt Goat 3) Just prior to the event they begin the slow education to the citizens and we are now witnessing this event once again. We are getting very close... I do not believe the CBI will just launch all the newer smaller category notes all at once. But rather they will slowly phase in the newer notes (5, 10,25,50,100) and fils (coins) as the economy dictates... Yes, I can now truly say we are now entering this window of opportunity but we must be patient and just wait for FACTUAL news to come out. [post 2 of 2]
12-1-2018 Newshound/Intel Guru Mnt Goat So I already proved to everyone why the end of the year (late Dec or EARLY Jan) is the BEST and MOST OPPORTUNE time period for Iraq to drop the zeros and then reinstate the currency. 1) Jan 1st is the beginning of the financial fiscal year within Iraq... 2) In ALL, and I mean ALL, of the previous, legitimate periods to reinstate the currency, they CBI always planned within LATE December to EARLY January to do it. This is well documented and FACTUAL periods... [post 1 of 2....stay tuned]
12-1-2018 Intel Guru RayRen98 Rates are "at it" again. [Ray told us that rates were fluctuating yesterday; therefore, they must be fluctuating again today.]
11-30-2018 Newshound/Intel Guru Mnt Goat So now we are getting very close to the period when we can truly expect something might happen. Yes, we have arrived! So over the last month we see little bits and pieces of the mentioning of the “project to delete the zeros” in many of these articles. Why now? Why mention this project so much now? This project is on the minds of many as they know we are getting closer to the period when the CBI has promised many times already to deliver on their promises.
11-30-2018 Newshound/Intel Guru Mnt Goat I...cringe when I hear someone tell you that these damned VISA and MASTERCARDS are...international. So the Iraq citizens need a credit/debit cards to conduct business when shopping...some sort of credit/debit card to coincide with the electronic banking. ...This does not mean they can now take these cards and also use them abroad in their POS systems...these Iraqi cards are NOT...international ...At least not yet. But they do have this capability for the future. ...any new Iraqi credit or debit cards from VISA or MASTERCRAD is a move in the right direction and is everything we should be looking for now.
11-30-2018 Newshound Guru MilitiaMan Quote: "In Baghdad and in cities across Iraq, blocked off roads are being reopened, checkpoints removed and blast-walls dismantled, as Iraqis begin to build a peaceful, secure and prosperous future." They are showing the world they are on the offensive and the capital will be a place they will be able to freely move about equally.. Security and Stability... A very vital issue and barrier done for the people... All very good and the timing is perfect! IMO.
11-30-2018 Intel Guru Bruce [via PinkRoses]... we told you we were looking for everything to go into the Gazette on Wednesday from Iraq, and it did. Everything was put in there. We got confirmation on that...the G20...starts Saturday in Buenos Aires, Argentina...It is a (2) day meeting. ...the Prime Minister Xi in China, he wants this blessing as we tend to call it, the GCR, let’s call it the RV for our purposes, he wants this done well ahead of the G20 meeting on Saturday... It could be hours, a day. What we are saying is this is so close. ...I really think we are down to the point where we are up against the wall, and there is absolute desire to get this done now...Do not be surprised if something does happen by Saturday, before Saturday, on Saturday...because Saturday is December 1st, and we believe they want this done prior to that. Let’s see what happens.
11-30-2018 Intel Guru RayRen98 Rates were fluctuating today...was informed that they were testing the system. Hmmmmm? Time Will Tell All! A GOOD SOURCE SAYS, "INVITATIONAL EXCHANGES" ARE STARTING TO TAKE PLACE...TIME WILL TELL.
11-30-2018 Newshound/Intel Guru Mnt Goat I...cringe when I hear someone tell you that these damned VISA and MASTERCARDS are...international. So the Iraq citizens need a credit/debit cards to conduct business when shopping...some sort of credit/debit card to coincide with the electronic banking. ...This does not mean they can now take these cards and also use them abroad in their POS systems...these Iraqi cards are NOT...international ...At least not yet. But they do have this capability for the future. ...any new Iraqi credit or debit cards from VISA or MASTERCRAD is a move in the right direction and is everything we should be looking for now.
11-30-2018 Newshound Guru MilitiaMan Quote: "In Baghdad and in cities across Iraq, blocked off roads are being reopened, checkpoints removed and blast-walls dismantled, as Iraqis begin to build a peaceful, secure and prosperous future." They are showing the world they are on the offensive and the capital will be a place they will be able to freely move about equally.. Security and Stability... A very vital issue and barrier done for the people... All very good and the timing is perfect! IMO.
11-30-2018 Intel Guru Bruce [via PinkRoses]... we told you we were looking for everything to go into the Gazette on Wednesday from Iraq, and it did. Everything was put in there. We got confirmation on that...the G20...starts Saturday in Buenos Aires, Argentina...It is a (2) day meeting. ...the Prime Minister Xi in China, he wants this blessing as we tend to call it, the GCR, let’s call it the RV for our purposes, he wants this done well ahead of the G20 meeting on Saturday... It could be hours, a day. What we are saying is this is so close. ...I really think we are down to the point where we are up against the wall, and there is absolute desire to get this done now...Do not be surprised if something does happen by Saturday, before Saturday, on Saturday...because Saturday is December 1st, and we believe they want this done prior to that. Let’s see what happens.
11-30-2018 Intel Guru RayRen98 Rates were fluctuating today...was informed that they were testing the system. Hmmmmm? Time Will Tell All! A GOOD SOURCE SAYS, "INVITATIONAL EXCHANGES" ARE STARTING TO TAKE PLACE...TIME WILL TELL.
11-29-2018 Newshound Guru MilitiaMan Article: "260+ attend IBBC Iraq Reconstruction Conference" Quote: "IBBC welcomed 260+ delegates to Dubai to discuss ‘Iraq – Reconstruction & Rebuilding, how to deliver Vision’ with expert Industry, Government and International Organisations on 25th November" ...This is all about past tense as it is over now, as it is what was talked about, what was accomplished and with HUGE names involved.. This just shows go time is upon us. imo.
11-29-2018 Newshound Guru Mnt Goat Is the Iraqi currency International? ...let me debunk this rumor once again about any VISA or MASTERCARD going international and issued from an Iraqi bank. First, I will once again define what it means for a currency to be international: 1) for the IMF must recognize the currency under Article 8 of the UN member charter; 2) the currency MUST be tradable throughout the world not just in one area of the globe; 3)the currency, because it is recognized and traded around the globe, it is listed on the currency exchanges, where it is freely traded. Does it meet all of these conditions? Of course not...So these Iraqi cards are NOT yet really international yet. At least not yet. But they do have this capability for the future.
11-29-2018 Newshound Guru Kaperoni [...they have already reduced the money supply.] ...Wrong! This has not happened. If it did the auctions would be out of balance. As said last week from the CBI over 40 trillion is outside of the banks. Only when the dinar begins to rise gradually can the money supply be reduced...
11-29-2018 Intel Guru Footforward [...Is the RV EVER going to happen...?] Yes the RV is going to happen. Watch Iran. Iran is tied to a lot more then people think.
11-29-2018 Newshound Guru MilitiaMan Article: "The future of the Iraqi currency!" Quote: "It is possible that the value of the Iraqi currency against the US dollar, for example, that the employee who receives 1200 thousand dinars at the exchange rate 1200, the purchasing power of $ 1000 dollars and if the strengthening of the dinar equivalent to 500 dinars to the dollar will be purchasing power $ 2400 instead of $ 1000." What a GEM this is...All those relationships about the FILS make me smile! Stock Exchange = Fils, Receipt with Fils, CBI = Fils and now this! No denial!
11-29-2018 Newshound/Intel Guru Mnt Goat So I would not use this “alleged” past corruption at the CBI for any reason to hold up the reinstatement now. This is moving forward. From all my findings the hold up, if any, would be procedure and executing the mechanisms needed to bring this about. If I were you, I would watch for late December or early January for a reinstatement to occur. Again we are fast approaching that window. Remember in ALL the past recorded, legitimate, possible times to complete the project to delete the zeros and then lead to a reinstatement, it was for the late Dec and early Jan timeframes...The Iraqi fiscal financial year begins Jan 1st... [post 2 of 2]
11-29-2018 Newshound/Intel Guru Mnt Goat The news media is really playing up the water damage the lot of those dinars from the incident at the Rafidian bank in 2013. Now they want to extend this out to all the dinars stolen by the Nori al-Maliki administration and blame it on a coordinated criminal activity between the CBI governor and Maliki. There is one flaw with these articles. Ali Mohsen Al-Allaq did not take over the CBI until sometime in 2014. ...So why are they blaming Allaq for any corruption in 2013 or before? I happen to personally know a few people who can attest to Ali Mohsen Al-Allaq’s integrity and ...He is one of the most honest men I know and is a perfect fit for the position he is in at the CBI, with some help from Dr Shabibi to mentor him...He is an obstacle to the corruption and like Shababi they want to bring him down. [post 1 of 2....stay tuned]
11-29-2018 Newshound Guru Mnt Goat Is the Iraqi currency International? ...let me debunk this rumor once again about any VISA or MASTERCARD going international and issued from an Iraqi bank. First, I will once again define what it means for a currency to be international: 1) for the IMF must recognize the currency under Article 8 of the UN member charter; 2) the currency MUST be tradable throughout the world not just in one area of the globe; 3)the currency, because it is recognized and traded around the globe, it is listed on the currency exchanges, where it is freely traded. Does it meet all of these conditions? Of course not...So these Iraqi cards are NOT yet really international yet. At least not yet. But they do have this capability for the future.
11-29-2018 Newshound Guru Kaperoni [...they have already reduced the money supply.] ...Wrong! This has not happened. If it did the auctions would be out of balance. As said last week from the CBI over 40 trillion is outside of the banks. Only when the dinar begins to rise gradually can the money supply be reduced...
11-29-2018 Intel Guru Footforward [...Is the RV EVER going to happen...?] Yes the RV is going to happen. Watch Iran. Iran is tied to a lot more then people think.
11-29-2018 Newshound Guru MilitiaMan Article: "The future of the Iraqi currency!" Quote: "It is possible that the value of the Iraqi currency against the US dollar, for example, that the employee who receives 1200 thousand dinars at the exchange rate 1200, the purchasing power of $ 1000 dollars and if the strengthening of the dinar equivalent to 500 dinars to the dollar will be purchasing power $ 2400 instead of $ 1000." What a GEM this is...All those relationships about the FILS make me smile! Stock Exchange = Fils, Receipt with Fils, CBI = Fils and now this! No denial!
11-29-2018 Newshound/Intel Guru Mnt Goat So I would not use this “alleged” past corruption at the CBI for any reason to hold up the reinstatement now. This is moving forward. From all my findings the hold up, if any, would be procedure and executing the mechanisms needed to bring this about. If I were you, I would watch for late December or early January for a reinstatement to occur. Again we are fast approaching that window. Remember in ALL the past recorded, legitimate, possible times to complete the project to delete the zeros and then lead to a reinstatement, it was for the late Dec and early Jan timeframes...The Iraqi fiscal financial year begins Jan 1st... [post 2 of 2]
11-29-2018 Newshound/Intel Guru Mnt Goat The news media is really playing up the water damage the lot of those dinars from the incident at the Rafidian bank in 2013. Now they want to extend this out to all the dinars stolen by the Nori al-Maliki administration and blame it on a coordinated criminal activity between the CBI governor and Maliki. There is one flaw with these articles. Ali Mohsen Al-Allaq did not take over the CBI until sometime in 2014. ...So why are they blaming Allaq for any corruption in 2013 or before? I happen to personally know a few people who can attest to Ali Mohsen Al-Allaq’s integrity and ...He is one of the most honest men I know and is a perfect fit for the position he is in at the CBI, with some help from Dr Shabibi to mentor him...He is an obstacle to the corruption and like Shababi they want to bring him down. [post 1 of 2....stay tuned]
11-28-2018 *** Dinar Guru News Update *** [CBI Updated again today] After a fourteen day delay, the CBI reported the market rate for the Iraqi Dinar from November 14th to the 27th [They updated again today 28th as too]...something is different. Starting on the 14th they began reporting the Dollar Exchange Rate / in IRAQ Markets. Previously the market rate was reported in the Baghdad Markets. You'll also notice the Official Market Rate listed in the left column of this page now contains 3 decimal places...the previously reported rate did not contain decimal places. Today's 1194.197 reported market rate is the strongest the market rate has been in nearly 2 years. Stay tuned as the gurus chime in to discuss the significance of these Central Bank of Iraq changes...the latest guru posts will continue below...
11-28-2018 Newshound Guru Kaperoni [Do you still think the start of the float of the dinar will happen this year?] Im hoping...but i am waiting for some things to happen first..completion of new goi, IMF consultation.
11-28-2018 Intel Guru ADMINBill This could be a very interesting week.
11-28-2018 Newshound/Intel Guru Mnt Goat Do they then begin to use the newer even lower denominated small category notes and finally trigger this deletion the zeros project? This will mean a 1:1 within Iraq and a reinstatement of the dinar. But do they have the support of the IMF and the USA to reinstate the dinar and do it now? Remember these small category notes are already printed in volume and stored as needed to support the economy of Iraq and for trade. So this piece is already in place and there will be no additional expense to the CBI. ...So here we sit waiting and watching to see what the CBI will do. [post 2 of 2]
11-28-2018 Newshound/Intel Guru Mnt Goat I do know for a FACT that they already recalled and burned over 2/3 of the three zero notes. How do I know this is FACT? BECAUSE THEY TOLD THE PUBLIC OF IRAQ IN THE NEWS MEDIA this is why. The move to electronic banking did allow for the conversion of paper to electronic digital. So they could just then burn the paper. ...So reduce the notes in circulation means to take them out the hands of the general public and the banks. ...The remaining 1/3 will be used for trade and inter-banking transactions. They have told us this many times. Oh- but now they have a dilemma. Seems they told us they decided to trade exclusively with dinar with Iran due to the recent sanctions. So do they have enough dinar in circulation to do this? ...Seems to me they do not want to begin reprinting yet more larger 3 zero notes to fill this monetary gap with Iran. So what do they do? [post 1 of 2....stay tuned]
11-28-2018 Newshound Guru Kaperoni Iraq will float the dinar allowing market forces to dictate. As investment comes into Iraq, the exchange rate will rise. Balassa-Samuelson effect! I think most of us would be happy if the dinar ever equaled the dollar. It may, but not overnight. I want to remind people that the new Iraqi government with PM Mahdi is not official yet. Until the new Prime Minister completes his cabinet and parliament votes (confirms) them in. I do not expect any significant reforms to move forward until the government is official. I also do not expect the IMF to hold their Article IV Consultation with Iraq until the gov is official...as these reviews usually require gov commitments.
11-28-2018 Intel Guru Bruce We just got word today that tomorrow [Wednesday] morning, Iraq is going to put everything in the Gazette which we have been looking for awhile. ...I would also expect tomorrow Iraq to be saying “We are ready to do business with the world”. We are looking tomorrow for some form of rate to come out because they are ready to do business on their ISX and ESX platforms...We believe...the in-country rate on Iraq dinar will be a really good rate and we should feel comfortable going in to the exchanges for dinar... I think that we are at the point now everything is set and ready to go. I am very positive more than I have ever been...that we are right where we need to be for this to release. Let’s hope that is the case.
11-28-2018 Intel Guru Frank26 [In your opinion, why are they adding these 3 digits to the dinar value?] BECAUSE...THE MATHEMATICAL CALCULATIONS FOR THIS FRACTIONAL BANKING/ FRACTIONAL RATE PART...IS WAY DONE AND AGREED UPON...IMO...
11-28-2018 Newshound Guru MilitiaMan ...The CBI changing their site to the fractional system they are showing us now ( within 2 weeks) suggests they are or just about are ready to go with the conversion. ...Today they talked about Iraq taking her place at that top of the region where she was in the Glory days, imo... Yep, they have massive oil reserves and now they say they may very well be the number 1 in the world. So, while we wait for the cat and camel show seating the legitimate Cabinet we can sleep knowing the process is underway and coming to a rate NEER you...
11-28-2018 Intel Guru ADMINBill This could be a very interesting week.
11-28-2018 Newshound/Intel Guru Mnt Goat Do they then begin to use the newer even lower denominated small category notes and finally trigger this deletion the zeros project? This will mean a 1:1 within Iraq and a reinstatement of the dinar. But do they have the support of the IMF and the USA to reinstate the dinar and do it now? Remember these small category notes are already printed in volume and stored as needed to support the economy of Iraq and for trade. So this piece is already in place and there will be no additional expense to the CBI. ...So here we sit waiting and watching to see what the CBI will do. [post 2 of 2]
11-28-2018 Newshound/Intel Guru Mnt Goat I do know for a FACT that they already recalled and burned over 2/3 of the three zero notes. How do I know this is FACT? BECAUSE THEY TOLD THE PUBLIC OF IRAQ IN THE NEWS MEDIA this is why. The move to electronic banking did allow for the conversion of paper to electronic digital. So they could just then burn the paper. ...So reduce the notes in circulation means to take them out the hands of the general public and the banks. ...The remaining 1/3 will be used for trade and inter-banking transactions. They have told us this many times. Oh- but now they have a dilemma. Seems they told us they decided to trade exclusively with dinar with Iran due to the recent sanctions. So do they have enough dinar in circulation to do this? ...Seems to me they do not want to begin reprinting yet more larger 3 zero notes to fill this monetary gap with Iran. So what do they do? [post 1 of 2....stay tuned]
11-28-2018 Newshound Guru Kaperoni Iraq will float the dinar allowing market forces to dictate. As investment comes into Iraq, the exchange rate will rise. Balassa-Samuelson effect! I think most of us would be happy if the dinar ever equaled the dollar. It may, but not overnight. I want to remind people that the new Iraqi government with PM Mahdi is not official yet. Until the new Prime Minister completes his cabinet and parliament votes (confirms) them in. I do not expect any significant reforms to move forward until the government is official. I also do not expect the IMF to hold their Article IV Consultation with Iraq until the gov is official...as these reviews usually require gov commitments.
11-28-2018 Intel Guru Bruce We just got word today that tomorrow [Wednesday] morning, Iraq is going to put everything in the Gazette which we have been looking for awhile. ...I would also expect tomorrow Iraq to be saying “We are ready to do business with the world”. We are looking tomorrow for some form of rate to come out because they are ready to do business on their ISX and ESX platforms...We believe...the in-country rate on Iraq dinar will be a really good rate and we should feel comfortable going in to the exchanges for dinar... I think that we are at the point now everything is set and ready to go. I am very positive more than I have ever been...that we are right where we need to be for this to release. Let’s hope that is the case.
11-28-2018 Intel Guru Frank26 [In your opinion, why are they adding these 3 digits to the dinar value?] BECAUSE...THE MATHEMATICAL CALCULATIONS FOR THIS FRACTIONAL BANKING/ FRACTIONAL RATE PART...IS WAY DONE AND AGREED UPON...IMO...
11-28-2018 Newshound Guru MilitiaMan ...The CBI changing their site to the fractional system they are showing us now ( within 2 weeks) suggests they are or just about are ready to go with the conversion. ...Today they talked about Iraq taking her place at that top of the region where she was in the Glory days, imo... Yep, they have massive oil reserves and now they say they may very well be the number 1 in the world. So, while we wait for the cat and camel show seating the legitimate Cabinet we can sleep knowing the process is underway and coming to a rate NEER you...
11-27-2018 Intel Guru Delta ...REPORT FROM CBI ...BUY SELL IQD IN IRAQI MARKET....PATTERN CHANGED... 08-Nov 1204- 1200...LAST WEEK; 27-Nov 1194.446- 1193.953 ...THIS WEEK CBI IS SHOWING 3#S ... IMO...GETTING READY TO GO INTERNATIONAL ...
11-27-2018 Newshound/Intel Guru RVAlready ...allaq says he is ready to go, and the math has been done a million times over...they could do the RV now, and deal with the rest later…they have had years to get ready... i know it is a new parliament, but they should have arrived ready to do the job at hand…there was an article saying that mahdi was rejecting parliament's attempt to delay...he was going there today.
11-27-2018 Newshound Guru MilitiaMan I am of the view...that they are done with the cabinet, Barzani needed to be a part of the Interior and Defense pick... Clearly they had an agenda to hammer things out. Therefore, my view is that they did what they needed during Barzanis' visit to Baghdad (that btw went very well) prior to him going to Saudi Arabia and United Arab Emirates...In my view that the session for today or tomorrow was not an ordinary session. It was more like and extraordinary one, as Mahdi had a 24 hour window that was up Saturday, that got postponed and possibly due to the hammering out of the HCL. We know the oil has been increased and there are clearly agreements that happened to get that increase of recent...we literally watch to see if our view is correct or not.
11-27-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament says there will be no vote today on unfilled cabinet positions due to political differences. Vote delayed until next week. Security agencies resist opening Green Zone due to possibility of terrorist attack. New government seen as weak.
11-27-2018 Newshound/Intel Guru Mnt Goat ...I have said over and over again there are multiple steps to this process. The first step deletes the zeros and the second in the reinstatement which should significantly increase the value, the value we all want. At the current 1120 program rate they are worth about $20.75. At a futuristic reinstatement market rate in the USA @ $3.71, 25,000 x $3.71 = $92,750 USD. But this is the second step. Let’s not get ahead of ourselves. You may never even see the first step. Get it. So who the hell cares what happens inside Iraq? What you should be most concerned about is when do you get to go to the bank and if the bank will exchange the dinar for you. ...these notes will not expire (as in a lop) and will carry the new reinstatement rate of whatever it comes out to be on FOREX.
11-27-2018 Newshound/Intel Guru RVAlready ...allaq says he is ready to go, and the math has been done a million times over...they could do the RV now, and deal with the rest later…they have had years to get ready... i know it is a new parliament, but they should have arrived ready to do the job at hand…there was an article saying that mahdi was rejecting parliament's attempt to delay...he was going there today.
11-27-2018 Newshound Guru MilitiaMan I am of the view...that they are done with the cabinet, Barzani needed to be a part of the Interior and Defense pick... Clearly they had an agenda to hammer things out. Therefore, my view is that they did what they needed during Barzanis' visit to Baghdad (that btw went very well) prior to him going to Saudi Arabia and United Arab Emirates...In my view that the session for today or tomorrow was not an ordinary session. It was more like and extraordinary one, as Mahdi had a 24 hour window that was up Saturday, that got postponed and possibly due to the hammering out of the HCL. We know the oil has been increased and there are clearly agreements that happened to get that increase of recent...we literally watch to see if our view is correct or not.
11-27-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament says there will be no vote today on unfilled cabinet positions due to political differences. Vote delayed until next week. Security agencies resist opening Green Zone due to possibility of terrorist attack. New government seen as weak.
11-27-2018 Newshound/Intel Guru Mnt Goat ...I have said over and over again there are multiple steps to this process. The first step deletes the zeros and the second in the reinstatement which should significantly increase the value, the value we all want. At the current 1120 program rate they are worth about $20.75. At a futuristic reinstatement market rate in the USA @ $3.71, 25,000 x $3.71 = $92,750 USD. But this is the second step. Let’s not get ahead of ourselves. You may never even see the first step. Get it. So who the hell cares what happens inside Iraq? What you should be most concerned about is when do you get to go to the bank and if the bank will exchange the dinar for you. ...these notes will not expire (as in a lop) and will carry the new reinstatement rate of whatever it comes out to be on FOREX.
11-26-2018 Newshound Guru chattels Article: "To postpone the session of parliament for Tuesday of next week" Tuesday, 4/12/208.
11-26-2018 Newshound Guru MilitiaMan Article: "Halabousi discussed with the delegation of Baghdad Chamber of Commerce activation of the investment law and the establishment of an economic village" ...Well, we know every 3 letter agency of the world body were in Iraq last month, we have regional entities with the likes of the Secretary General of the Unity Council and components of th Arab league in Cairo about mining interests over the last few days. The above is about accelerating procedures...to help facilitate investors needs...
11-26-2018 Newshound/Intel Guru Mnt Goat The CBI has said many times they “fully” intend to keep the citizens informed of the status of the project to delete the zeros. They are doing just that. They seem to give period updates on the project. Just recently we received their latest update which said they are ready to do it and there is nothing more for the CBI to do. They are waiting on the GOI...
11-26-2018 Intel Guru RayRen98 Sunday Morning...Iraq announced that 360 billion Dinar was stolen from the CBI during Maliki's administration. Easier procedures for an international Visa was shared. Monday's Parliament session should have the votes for the final cabinet members.
11-26-2018 Intel/Newshound Guru sandyf ...Iraq is unlikely to redenominate for some time to come. Iraq is facing a problem that no other country looking to redenominate has had to deal with, a huge percentage of the currency being outside the country. It is highly unlikely that Iraq would ever redenominate under current circumstance as the repercussions could be quite significant. I live in the hope that steps will be taken to remove the currency outside Iraq from circulation which would then pave the way to redenomination...
11-26-2018 Newshound/Intel Guru David M. Witty Sources say Iraqi Parliament meeting to select names for unfilled minister positions delayed because of lack of agreement on nominees.
11-26-2018 Newshound Guru MilitiaMan Article: "Halabousi discussed with the delegation of Baghdad Chamber of Commerce activation of the investment law and the establishment of an economic village" ...Well, we know every 3 letter agency of the world body were in Iraq last month, we have regional entities with the likes of the Secretary General of the Unity Council and components of th Arab league in Cairo about mining interests over the last few days. The above is about accelerating procedures...to help facilitate investors needs...
11-26-2018 Newshound/Intel Guru Mnt Goat The CBI has said many times they “fully” intend to keep the citizens informed of the status of the project to delete the zeros. They are doing just that. They seem to give period updates on the project. Just recently we received their latest update which said they are ready to do it and there is nothing more for the CBI to do. They are waiting on the GOI...
11-26-2018 Intel Guru RayRen98 Sunday Morning...Iraq announced that 360 billion Dinar was stolen from the CBI during Maliki's administration. Easier procedures for an international Visa was shared. Monday's Parliament session should have the votes for the final cabinet members.
11-26-2018 Intel/Newshound Guru sandyf ...Iraq is unlikely to redenominate for some time to come. Iraq is facing a problem that no other country looking to redenominate has had to deal with, a huge percentage of the currency being outside the country. It is highly unlikely that Iraq would ever redenominate under current circumstance as the repercussions could be quite significant. I live in the hope that steps will be taken to remove the currency outside Iraq from circulation which would then pave the way to redenomination...
11-26-2018 Newshound/Intel Guru David M. Witty Sources say Iraqi Parliament meeting to select names for unfilled minister positions delayed because of lack of agreement on nominees.
11-25-2018 Newshound Guru MilitiaMan Article: "The Association of Iraqi Private Banks holds the course of Islamic Specialist in Governance and Compliance" There is a Customs and Tariffs Deadline by 11/30/2018 between Baghdad and Erbil to be imposed. Barzani has melted the Ice on the tension now. Oil is flowing through Ceyan at a double clip.. So seeing this compliance and risk certification for to satisfy Islamic Investors is finality for being ready to roll when the shift occurs in the internationally accepted IQD and investment related issues. imo.
11-25-2018 Intel Guru RayRen98 At Saturday's Parliament meeting, all cabinet-select names were submitted for consideration, including defense and interior ministers. The US has allowed Iraq some "energy only" exemptions regarding the sanctions imposed against Iran. Tougher US sanctions against Iran are being discussed. Parliament announced they will complete cabinet selections on Monday, no report was given on what they accomplished today. In order to be in compliance with the US sanctions against Iran, trading will be done with Dinars only. One US bank source is anticipating exchange activity on Monday (as they have before, so remain calm and cautious). Time Will Tell!
11-25-2018 Newshound Guru MilitiaMan "Parliament raises its meeting to next Monday and allocated for the completion of the ministerial cab" I think they may have seated the Cabinet and will finish up other Items Monday. ...We shall see...imo.
11-25-2018 Newshound Guru Adam Montana [Has there been any progress or any news at all on the HCL lately that you can confirm?] Yes, there has been steady progress regarding everything related to HCL. We couldn't have a complete HCL before the pieces were in place, the GOI ready, etc. Nobody will deny that Iraq has moved in the right direction.
11-25-2018 Intel Guru RayRen98 At Saturday's Parliament meeting, all cabinet-select names were submitted for consideration, including defense and interior ministers. The US has allowed Iraq some "energy only" exemptions regarding the sanctions imposed against Iran. Tougher US sanctions against Iran are being discussed. Parliament announced they will complete cabinet selections on Monday, no report was given on what they accomplished today. In order to be in compliance with the US sanctions against Iran, trading will be done with Dinars only. One US bank source is anticipating exchange activity on Monday (as they have before, so remain calm and cautious). Time Will Tell!
11-25-2018 Newshound Guru MilitiaMan "Parliament raises its meeting to next Monday and allocated for the completion of the ministerial cab" I think they may have seated the Cabinet and will finish up other Items Monday. ...We shall see...imo.
11-25-2018 Newshound Guru Adam Montana [Has there been any progress or any news at all on the HCL lately that you can confirm?] Yes, there has been steady progress regarding everything related to HCL. We couldn't have a complete HCL before the pieces were in place, the GOI ready, etc. Nobody will deny that Iraq has moved in the right direction.
11-24-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAQ- THE VALUE OF THE IRAQI DINAR INCREASED BY 9%" So for Iraq to compete with foreign products it must float the value of the dinar. This article demonstrates why. We know that they will NOT float the program rate as it is fixed and pegged to the US dollar. So something has to change and change VERY soon since Iraq just announced it is going to trade with Iran using solely dinars. Iran of course does not want dinars, as they feel they are not liquid enough and do not have the global purchasing power.
11-24-2018 Newshound/Intel Guru David M. Witty In Iraq, Baghdad's Green Zone to be open to civilian traffic starting tomorrow. First time Green Zone will have been opened since 2003.
11-24-2018 Newshound MilitiaMan [Do you think Iraq has to wait for the other countries that will be in the basket to RI or RV?] No. I do not.
11-24-2018 Newshound Guru Adam Montana Article: "Texas is about to create OPEC's worst nightmare" [How do you think this may affect the RV?] The article seems to indicate that the US is ramping up oil production, which will lower prices globally. Iraq may need to adjust their Budget, and maybe the potential RV amount will be reflected in that. Let's say they were to RV at $1, but oil is 30% lower than the former anticipated price, then the RV could come in at .70 as well. As far as timing of the RV, I see no concerns.
11-24-2018 Newshound/Intel Guru David M. Witty Iraqi Speaker of Parliament says next Parliament meeting on Monday will vote on unfilled cabinet positions.
11-24-2018 Newshound Guru chattels The dinar has the potential for a favorable return on investment. The question is when and or how much.
11-24-2018 Newshound/Intel Guru David M. Witty In Iraq, Baghdad's Green Zone to be open to civilian traffic starting tomorrow. First time Green Zone will have been opened since 2003.
11-24-2018 Newshound MilitiaMan [Do you think Iraq has to wait for the other countries that will be in the basket to RI or RV?] No. I do not.
11-24-2018 Newshound Guru Adam Montana Article: "Texas is about to create OPEC's worst nightmare" [How do you think this may affect the RV?] The article seems to indicate that the US is ramping up oil production, which will lower prices globally. Iraq may need to adjust their Budget, and maybe the potential RV amount will be reflected in that. Let's say they were to RV at $1, but oil is 30% lower than the former anticipated price, then the RV could come in at .70 as well. As far as timing of the RV, I see no concerns.
11-24-2018 Newshound/Intel Guru David M. Witty Iraqi Speaker of Parliament says next Parliament meeting on Monday will vote on unfilled cabinet positions.
11-24-2018 Newshound Guru chattels The dinar has the potential for a favorable return on investment. The question is when and or how much.
11-23-2018 Intel Guru RayRen98 [via sunny] ...we learned: Sadr wanting Alak to be fired; Barzani and Mahdi agreed cabinet needed to be completed ASAP; and a dinar source reporting new rates on the screens. . . Dinar reported to have gone from the $4 to $6. Hopefully it will be at least $6.
11-23-2018 Newshound Guru Bloodloch I believe Delta has this exactly right. Quote: "They’re going to give you a million dinars worth of LOWER DENOMINATIONS because remember what they’re trying to do here is they’re trying to use all this money supply." It takes about two months for Iraq to cycle through the face value of its outstanding currency supply. Akin to inventory turnover, the velocity of money is a nations' gross domestic product divided by its outstanding currency supply. In the case of Iraq, for 2017 that's roughly 234 Trillion divided by about 44 Trillion or 5.3 times per year, or about once every 2 months or so.
11-23-2018 Newshound/Intel Guru Mnt Goat Article: "CURRENCY STRUCTURE: CENTRAL BANK PREPARES TO DELETE 3 ZEROS OF IRAQI CURRENCY" Okay so here is the beginning of the re-education process I said would begin a months before the reinstatement would happen. Remember the CBI must first wait for the right environment to launch the rest of these lower smaller category notes. Now they are telling us the time is just around the corner. This is exactly what we wanted to hear and needed to hear at this time. So we are moving forward to late 2018 to early 2019 timeframe for a reinstatement. Remember as I said many times we will see a rate change within Iraq as close to 1000 dinars or lower per USD first, then the CBI must launch the smaller notes or the economy will not have any currency they can work with. So now we see the CBI program rate as record lows coming into this week and so we should expect it even much lower and then the launching of first the 25, 50 and 100 dinar notes, as promised would happen at this time. Stay tuned it is all good.
11-23-2018 Intel Guru Footforward It will not be a one to one exchange for us in my opinion. I have very good reason for that opinion. It's my opinion that it will be higher then that.
11-23-2018 Intel Guru Delta ...if you have a million dinar, and you go to the bank they’re not going to give you a 1,000 dinar because that’s a Lop. They’re going to give you a million dinars worth of LOWER DENOMINATIONS because remember what they’re trying to do here is they’re trying to use all this money supply. The only way you can do that is to raise the value starting with their employees because remember they’ll have to go back to 40-50% of the salaries to the government employees and any other employees and then Remember, you’re going to give them a million dinar and get a 1,000 dinar and that’s going to be worth the OLD million dinar which is worth $840 USD. And this is what they basically are trying to do. [post 2 of 2]
11-23-2018 Intel Guru Delta [via MilitiaMan] Article: "Al-Rafidain releases the salaries of local employees through MasterCard" Basically this project is very, very important because the people’s notes – there’s about 6 billion of them worth about 44 Trillion. So what they’re trying to do here is to basically reconstruct the currency. How is Iraq going to do it without them basically lopping the currency. They need to basically increase the value which is to lift the 000’s #1, and ...when they start doing that they’re going to adjust salaries. Now, here’s the catch here… [post 1 of 2....stay tuned]
11-23-2018 Newshound Guru Bloodloch I believe Delta has this exactly right. Quote: "They’re going to give you a million dinars worth of LOWER DENOMINATIONS because remember what they’re trying to do here is they’re trying to use all this money supply." It takes about two months for Iraq to cycle through the face value of its outstanding currency supply. Akin to inventory turnover, the velocity of money is a nations' gross domestic product divided by its outstanding currency supply. In the case of Iraq, for 2017 that's roughly 234 Trillion divided by about 44 Trillion or 5.3 times per year, or about once every 2 months or so.
11-23-2018 Newshound/Intel Guru Mnt Goat Article: "CURRENCY STRUCTURE: CENTRAL BANK PREPARES TO DELETE 3 ZEROS OF IRAQI CURRENCY" Okay so here is the beginning of the re-education process I said would begin a months before the reinstatement would happen. Remember the CBI must first wait for the right environment to launch the rest of these lower smaller category notes. Now they are telling us the time is just around the corner. This is exactly what we wanted to hear and needed to hear at this time. So we are moving forward to late 2018 to early 2019 timeframe for a reinstatement. Remember as I said many times we will see a rate change within Iraq as close to 1000 dinars or lower per USD first, then the CBI must launch the smaller notes or the economy will not have any currency they can work with. So now we see the CBI program rate as record lows coming into this week and so we should expect it even much lower and then the launching of first the 25, 50 and 100 dinar notes, as promised would happen at this time. Stay tuned it is all good.
11-23-2018 Intel Guru Footforward It will not be a one to one exchange for us in my opinion. I have very good reason for that opinion. It's my opinion that it will be higher then that.
11-23-2018 Intel Guru Delta ...if you have a million dinar, and you go to the bank they’re not going to give you a 1,000 dinar because that’s a Lop. They’re going to give you a million dinars worth of LOWER DENOMINATIONS because remember what they’re trying to do here is they’re trying to use all this money supply. The only way you can do that is to raise the value starting with their employees because remember they’ll have to go back to 40-50% of the salaries to the government employees and any other employees and then Remember, you’re going to give them a million dinar and get a 1,000 dinar and that’s going to be worth the OLD million dinar which is worth $840 USD. And this is what they basically are trying to do. [post 2 of 2]
11-23-2018 Intel Guru Delta [via MilitiaMan] Article: "Al-Rafidain releases the salaries of local employees through MasterCard" Basically this project is very, very important because the people’s notes – there’s about 6 billion of them worth about 44 Trillion. So what they’re trying to do here is to basically reconstruct the currency. How is Iraq going to do it without them basically lopping the currency. They need to basically increase the value which is to lift the 000’s #1, and ...when they start doing that they’re going to adjust salaries. Now, here’s the catch here… [post 1 of 2....stay tuned]
11-22-2018 Intel Guru Delta FROM IRAQI SOCIAL MEDIA .(wink) News of an agreement to raise the value of the Iraqi currency to become equal to the US dollar and cancel the 3 zeros as well...1000 IQD = 1000 USD. HAPPY THANKSGIVING FAMILY...DELTA
11-22-2018 Newshound Guru Adam Montana [Please tell us will this colored paper ever RV?] If I didn't believe it would, I would have sold all mine. That is not the case - I'm sitting tight, with my ...Dinar stash close at hand.
11-22-2018 Newshound/Intel Guru Mnt Goat But this higher rate of 120 dinars to the USD is the “market” rate. And so what will the CBI do next. They must maintain the 2% spread between market rate and the program rate. Will they adjust the program rate? This is the rate we really want to see change since the market rate could have massive temporary swings in relation to short-term swings in the currency auctions. So we wait and watch what the CBI does next before we get too excited. [post 2 of 2]
11-22-2018 Newshound/Intel Guru Mnt Goat ...we have rumors coming from Iraq of the dinar rate operating at 120 IQD/USD. Wow! ...This is amazing but before we...get too excited let’s look at what is really happening. ...this is nothing more than the initial shock from the lack of dollars coming out of the currency auctions. We know that when for any reason something effects the sale of dollars in these auctions it drives up the rate for the dinar since the dinar then is used more and thus a higher demand for it. Simple supply and demand ration. Right? [post 1 of 2....stay tuned]
11-22-2018 Newshound Guru Adam Montana The difference between the Lotto Pool and the Dinar...is..."luck". There is no "luck" involved, unless you were just lucky to have heard about it before it happens. At some point, we're all going to look back on this and say "Hot DAMN did we get lucky!" - but it's not really luck. Iraq still has a major portion of what is one of the most valuable commodities on the planet. Iraq has been torn down, beaten, and bruised...and then clawed it's way back to a very respectable place. If you're like me, you might be a little annoyed with the wait. But you also realize that the "wait" isn't unreasonable. It only seems like this has taken a long time because unrealistic expectations... Things happen in their own time, not on our time. The magic for us is when those two line up... and the signs are looking favorable.
11-22-2018 Newshound Guru Adam Montana [Please tell us will this colored paper ever RV?] If I didn't believe it would, I would have sold all mine. That is not the case - I'm sitting tight, with my ...Dinar stash close at hand.
11-22-2018 Newshound/Intel Guru Mnt Goat But this higher rate of 120 dinars to the USD is the “market” rate. And so what will the CBI do next. They must maintain the 2% spread between market rate and the program rate. Will they adjust the program rate? This is the rate we really want to see change since the market rate could have massive temporary swings in relation to short-term swings in the currency auctions. So we wait and watch what the CBI does next before we get too excited. [post 2 of 2]
11-22-2018 Newshound/Intel Guru Mnt Goat ...we have rumors coming from Iraq of the dinar rate operating at 120 IQD/USD. Wow! ...This is amazing but before we...get too excited let’s look at what is really happening. ...this is nothing more than the initial shock from the lack of dollars coming out of the currency auctions. We know that when for any reason something effects the sale of dollars in these auctions it drives up the rate for the dinar since the dinar then is used more and thus a higher demand for it. Simple supply and demand ration. Right? [post 1 of 2....stay tuned]
11-22-2018 Newshound Guru Adam Montana The difference between the Lotto Pool and the Dinar...is..."luck". There is no "luck" involved, unless you were just lucky to have heard about it before it happens. At some point, we're all going to look back on this and say "Hot DAMN did we get lucky!" - but it's not really luck. Iraq still has a major portion of what is one of the most valuable commodities on the planet. Iraq has been torn down, beaten, and bruised...and then clawed it's way back to a very respectable place. If you're like me, you might be a little annoyed with the wait. But you also realize that the "wait" isn't unreasonable. It only seems like this has taken a long time because unrealistic expectations... Things happen in their own time, not on our time. The magic for us is when those two line up... and the signs are looking favorable.
11-21-2018 Newshound Guru chattels We have fought the good fight, holding on to faith and good conscience, I think. We shall see what fate has in store for us. Hopefully sooner than later. Either way it would be most excellent to make an end to this journey.
11-21-2018 Newshound Guru Kirk H. Sowell #UPDATE: The Iraqi parliament is set to meet today, but confirmation of nominations to complete Abd al-Mahdi's cabinet (8 ministries are empty) is not on the schedule. There is talk on agreement on the non-security ministries, but even the others will not pass today.
11-21-2018 Intel Guru RayRen98 [via sunny] It's done it's finished! Trial runs have been initiated. We just wait for the call!
11-21-2018 Newshound/Intel Guru Mnt Goat Everyone should be VERY, VERY excited with the news I have to bring you today. The CBI has finally spoken to us and started the re-education campaign. I have a saying “the campaign is followed by the champaign” lol...lol...lol... This recent re-education is telling the citizens how the redenomination of the dinar will work. These articles today are not the end and there is more to come. Does this education sound familiar? It should as it is just like what they did in 2012? In fact, I am comparing the articles from back then and they are almost identical. So go figure. Or does it have the same sound as in late 2015? Oh – if you recall the CBI came out with almost the exact same articles and at the exact some timeframe prior to their proposed actions. In both past instances it was early to mid November for an EARLY new year reinstatement. We can only pray now that they do more forward all the way this time and do not postpone it again.
11-21-2018 Intel Guru Bruce [via PinkRoses] ...(10) tranches of (83) zeros each came from China and went globally around the world to various central banks so they can be distributed money into various banks for use for our exchanges. That is a lot of money...that has been put into the system for our exchanges. We did get confirmation today that Yes there is a new In-Country rate for Iraq. Understand this is the rate available for them on their cards, and the rate comes out at $6.78 in-country... Those cards were used and are being used now in Iraq today... Our rate on the front screens in the banks when we go in for exchanges and redemptions should be higher than that. I have been given an approximate range, but I do not want to go there. Trust me it will be higher than the rate in-country for Iraq. ... we do believe this will be a Thanksgiving weekend to remember.
11-21-2018 Newshound Guru Kaperoni ...Only when the CBI moves off the peg to a float and accepts Article VIII will we see a gradual rise occur.
11-21-2018 Newshound Guru Kirk H. Sowell #UPDATE: The Iraqi parliament is set to meet today, but confirmation of nominations to complete Abd al-Mahdi's cabinet (8 ministries are empty) is not on the schedule. There is talk on agreement on the non-security ministries, but even the others will not pass today.
11-21-2018 Intel Guru RayRen98 [via sunny] It's done it's finished! Trial runs have been initiated. We just wait for the call!
11-21-2018 Newshound/Intel Guru Mnt Goat Everyone should be VERY, VERY excited with the news I have to bring you today. The CBI has finally spoken to us and started the re-education campaign. I have a saying “the campaign is followed by the champaign” lol...lol...lol... This recent re-education is telling the citizens how the redenomination of the dinar will work. These articles today are not the end and there is more to come. Does this education sound familiar? It should as it is just like what they did in 2012? In fact, I am comparing the articles from back then and they are almost identical. So go figure. Or does it have the same sound as in late 2015? Oh – if you recall the CBI came out with almost the exact same articles and at the exact some timeframe prior to their proposed actions. In both past instances it was early to mid November for an EARLY new year reinstatement. We can only pray now that they do more forward all the way this time and do not postpone it again.
11-21-2018 Intel Guru Bruce [via PinkRoses] ...(10) tranches of (83) zeros each came from China and went globally around the world to various central banks so they can be distributed money into various banks for use for our exchanges. That is a lot of money...that has been put into the system for our exchanges. We did get confirmation today that Yes there is a new In-Country rate for Iraq. Understand this is the rate available for them on their cards, and the rate comes out at $6.78 in-country... Those cards were used and are being used now in Iraq today... Our rate on the front screens in the banks when we go in for exchanges and redemptions should be higher than that. I have been given an approximate range, but I do not want to go there. Trust me it will be higher than the rate in-country for Iraq. ... we do believe this will be a Thanksgiving weekend to remember.
11-21-2018 Newshound Guru Kaperoni ...Only when the CBI moves off the peg to a float and accepts Article VIII will we see a gradual rise occur.
11-20-2018 Newshound/Intel Guru Mnt Goat Article: "AGREEMENT TO RESUME THE EXPORT OF KIRKUK OIL BETWEEN THE IRAQI GOVERNMENT AND THE KURDISTAN REGION" Okay so let’s now look at HCL. We know the legislation is passed in parliament and the % is stated of “excess oil revenues”. The first payment was supposed to happen in early September but did not due to the new administration. It was postponed again until EARLY 2019. Sleh told us in an article that it would coincide with the release of some money from the billions in the Iraqi sovereign fund.
11-20-2018 Intel Guru Footforward The value of the dinar didn't go down over time. It happened instantly. It's going to go up instantly too.
11-20-2018 Intel Guru Frank26 [via Clare] Potus wants to deal with Iran & Mahdi is doing it for him... POTUS going to beat MR senseless on Mahdi... POTUS brokered export of Oil with Kurkut dealing with that & HCL...He wants citizens to get their share of wealth ...Iraq about to be flooded with Oil companies & jobs. Investment Law being pushed of precious minerals & metals to bring companies to establish mining in Iraq...more wealth...under HCL.
11-20-2018 Newshound Guru ChrisC Article quote: "The central Bank of Iraq, on Monday, unveiled the details of the "Currency structuring" project, which aims to eliminate 3 zeros, to facilitate currency trading." I am reading this and it sure sounds like the 2nd article. Is it not? I am wondering if Trump has already been over there for a congratulatory photo op and maybe we wake up to this and an announcement of the new asset backed currency. What do you think?
11-20-2018 Intel Guru Delta Article: "Structuring of the currency: the Central Bank is preparing to delete 3 zeros from the Iraqi currency" Quotes: "the draft currency structure aims to delete three zeros to turn the category of a thousand dinars to one dinar, while replacing the thousand dinars in the place of one million dinars."; "...stressing that "this project must be implemented despite the obstacles that led to the postponement."
11-20-2018 Newshound/Intel Guru Walkingstick 12 ------> 9 ...Trillions to Billions ...RD coupled with RV...moving forward -----> RI... Follow, the Turkmenistan model...
11-20-2018 Newshound Guru MilitiaMan [I believe Dr. Shabibi stated that the best time to revalue a currency is at the beginning of the year.] Yes that was many years ago and Alak is at the helm today, and not only times are different now but, circumstances are much better now than then... imo.
11-20-2018 Intel Guru Footforward The value of the dinar didn't go down over time. It happened instantly. It's going to go up instantly too.
11-20-2018 Intel Guru Frank26 [via Clare] Potus wants to deal with Iran & Mahdi is doing it for him... POTUS going to beat MR senseless on Mahdi... POTUS brokered export of Oil with Kurkut dealing with that & HCL...He wants citizens to get their share of wealth ...Iraq about to be flooded with Oil companies & jobs. Investment Law being pushed of precious minerals & metals to bring companies to establish mining in Iraq...more wealth...under HCL.
11-20-2018 Newshound Guru ChrisC Article quote: "The central Bank of Iraq, on Monday, unveiled the details of the "Currency structuring" project, which aims to eliminate 3 zeros, to facilitate currency trading." I am reading this and it sure sounds like the 2nd article. Is it not? I am wondering if Trump has already been over there for a congratulatory photo op and maybe we wake up to this and an announcement of the new asset backed currency. What do you think?
11-20-2018 Intel Guru Delta Article: "Structuring of the currency: the Central Bank is preparing to delete 3 zeros from the Iraqi currency" Quotes: "the draft currency structure aims to delete three zeros to turn the category of a thousand dinars to one dinar, while replacing the thousand dinars in the place of one million dinars."; "...stressing that "this project must be implemented despite the obstacles that led to the postponement."
11-20-2018 Newshound/Intel Guru Walkingstick 12 ------> 9 ...Trillions to Billions ...RD coupled with RV...moving forward -----> RI... Follow, the Turkmenistan model...
11-20-2018 Newshound Guru MilitiaMan [I believe Dr. Shabibi stated that the best time to revalue a currency is at the beginning of the year.] Yes that was many years ago and Alak is at the helm today, and not only times are different now but, circumstances are much better now than then... imo.
11-19-2018 Newshound/Intel Guru Mnt Goat Article: "AGREEMENT TO RESUME THE EXPORT OF KIRKUK OIL BETWEEN THE IRAQI GOVERNMENT AND THE KURDISTAN REGION" Oh boy! This was music to my ears when I heard this news. We have been waiting for this news. This is article 140 referendum implementation even though parliament has not yet passed it. Wow! Like I keep telling everyone we have been waiting for this to happen.
11-19-2018 Newshound Guru MilitiaMan Well the HCL of course...not to mention the citizens getting paid and possibly on International Master Cards, but, the money from all sales through the country will need a safe and secure way to settle payments.. Not just from the retail side of things but for very large payments by Oil Sales, and that the IBAN account will apparently be used in that process of clearing payments. ... They are methodically playing this hand to the T... they are showing that they have in place mechanisms now to cease the Auctions, as we know them. So this is all looking so very sweet. Wednesday this week is a powerful day for...Mahdi seating Cab [cabinet], possibly 2019 Budget and Alak in Parliament again... IF those are correct, they should be somethings to watch for.. imo. [post 2 of 2]
11-19-2018 Newshound Guru MilitiaMan Article quote: "Adoption of the unified banking number (IBAN) which contributes to improving the level of banking services and clearing services and settling payments locally and internationally." IBAN stands for International Bank Account Number. Now to Prime Minister Mahdi...has his expertise and many years of it and include Oil Minister and Finance Minster and now Prime Minister of Iraq. He has been around since the origination of the Paris Club, and had good relationship with the Kurds. Now we see the Kurds are happy, as they turned the oil back on through Ceyan Port to Turkey...back up to 500k barrels a day, as of this weekend... Why do I bring that up? [post 1 of 2....stay tuned]
11-19-2018 Intel Guru Frank26 Article: "Trump plans to visit Iraq" Quote: "US President Donald Trump said on Monday he plans to visit Iraq and Afghanistan in the future." "I have several plans, including the visit of US soldiers in Iraq and Afghanistan," ...LAST MONDAY...A WEEK AGO... WE... SUGGESTED IMO...THAT THIS WAS GOING TO HAPPEN...
11-19-2018 Newshound/Intel Guru Mnt Goat Article: "The Iraqi market for securities announced the launch of the circulation of national bonds issued by the Central Bank of Iraq category five million dinars." To me this means the intent if to be sold to Iraqi investors inside Iraq. It says absolutely NOTHING about selling these bonds on the international securities markets. ...So if you want to buy any of these bonds ou will have to go Iraq and trade within the Iraqi Securities Exchange. The exchange is NOT yet international...It is not all about the RV or a sign the RV is about to happen. We know from the past they sold bonds before and did we get an RV? NO! The significance of it is that they are now trading them directly on their own in-country securities market. Is this good news for us? Yes, yes, and yes, but is only one step closer to what we want. What we need is for their securities exchange market to go international. Then I would agree that this is BIG news. But not quite yet.
11-19-2018 Newshound/Intel Guru Randy Koonce I have been blessed with sources in several of the the well known 3 letter agencies. It seems that at least for now, all of my sources are once again saying the same thing. Our window is ‘wide open’ beginning right now though the end of November. Even if we don’t see it by then, that does not mean the window closes, but will simply remain open longer than we were told, and through the end of the year. Because of the sanctions on Iran, there is additional pressure for this to happen as soon as possible. It also seems that the plan is to reinstate the currency between $1- $2...then by the end of the year, to have it ‘established’ at the rate they plan to hold it at for some time. When we see a rate change, you will want to weigh you options and how you want to proceed based these suggested possibilities. ...we are in the final stages of this... I know this administration wants this to be over and now... so we are close...closer than we have ever been in a very long time. So, hang in there...It’s coming, one way or the other!! Breathe. [post 2 of 2]
11-19-2018 Newshound/Intel Guru Randy Koonce Well, it seems that the “USS Dinar” continues to sail. However, it does look like this ship is about to hopefully arrive in port very soon... First, are we [we are?] in a new window of opportunity ‘right now’. And I am sure that everyone is like me, and hoping that this will be our last window. When I say that, it again does not mean it will happen without a doubt in this current window; it does mean that there is a very good chance for the rate to finally change. The pressure for this to take place continues to be very great. ...Iraq has a new prime minister and nearly all of the cabinet seated. While there have been a lot of rumors flying about who is and who is not over the CBI right now, I do not believe that will impact ‘the event’ that appears to have been finally scheduled. [post 1 of 2....stay tuned]
11-19-2018 Newshound/Intel Guru Mnt Goat Article quote: "...parliament is moving to take measures TO RESTORE THE INDEPENDENCE OF THE CENTRAL BANK." I did not know the CBI lost its independence. Didn’t parliament pass a law last year establishing the independence of the CBI? So what is this all about? Will the CBI then be able to reinstate the currency too as needed? Quote: "the Governor of the Central Bank bears waste more than 7 Billion Iraqi dinars in circumstances attributed to the floods previously flooded the province of Baghdad. " Alak was not the governor of the CBI in 2013, the time of the incident….hello! ...But Alak did see the country thru the war with ISIS and managed the funds appropriately.
11-19-2018 Newshound Guru MilitiaMan Well the HCL of course...not to mention the citizens getting paid and possibly on International Master Cards, but, the money from all sales through the country will need a safe and secure way to settle payments.. Not just from the retail side of things but for very large payments by Oil Sales, and that the IBAN account will apparently be used in that process of clearing payments. ... They are methodically playing this hand to the T... they are showing that they have in place mechanisms now to cease the Auctions, as we know them. So this is all looking so very sweet. Wednesday this week is a powerful day for...Mahdi seating Cab [cabinet], possibly 2019 Budget and Alak in Parliament again... IF those are correct, they should be somethings to watch for.. imo. [post 2 of 2]
11-19-2018 Newshound Guru MilitiaMan Article quote: "Adoption of the unified banking number (IBAN) which contributes to improving the level of banking services and clearing services and settling payments locally and internationally." IBAN stands for International Bank Account Number. Now to Prime Minister Mahdi...has his expertise and many years of it and include Oil Minister and Finance Minster and now Prime Minister of Iraq. He has been around since the origination of the Paris Club, and had good relationship with the Kurds. Now we see the Kurds are happy, as they turned the oil back on through Ceyan Port to Turkey...back up to 500k barrels a day, as of this weekend... Why do I bring that up? [post 1 of 2....stay tuned]
11-19-2018 Intel Guru Frank26 Article: "Trump plans to visit Iraq" Quote: "US President Donald Trump said on Monday he plans to visit Iraq and Afghanistan in the future." "I have several plans, including the visit of US soldiers in Iraq and Afghanistan," ...LAST MONDAY...A WEEK AGO... WE... SUGGESTED IMO...THAT THIS WAS GOING TO HAPPEN...
11-19-2018 Newshound/Intel Guru Mnt Goat Article: "The Iraqi market for securities announced the launch of the circulation of national bonds issued by the Central Bank of Iraq category five million dinars." To me this means the intent if to be sold to Iraqi investors inside Iraq. It says absolutely NOTHING about selling these bonds on the international securities markets. ...So if you want to buy any of these bonds ou will have to go Iraq and trade within the Iraqi Securities Exchange. The exchange is NOT yet international...It is not all about the RV or a sign the RV is about to happen. We know from the past they sold bonds before and did we get an RV? NO! The significance of it is that they are now trading them directly on their own in-country securities market. Is this good news for us? Yes, yes, and yes, but is only one step closer to what we want. What we need is for their securities exchange market to go international. Then I would agree that this is BIG news. But not quite yet.
11-19-2018 Newshound/Intel Guru Randy Koonce I have been blessed with sources in several of the the well known 3 letter agencies. It seems that at least for now, all of my sources are once again saying the same thing. Our window is ‘wide open’ beginning right now though the end of November. Even if we don’t see it by then, that does not mean the window closes, but will simply remain open longer than we were told, and through the end of the year. Because of the sanctions on Iran, there is additional pressure for this to happen as soon as possible. It also seems that the plan is to reinstate the currency between $1- $2...then by the end of the year, to have it ‘established’ at the rate they plan to hold it at for some time. When we see a rate change, you will want to weigh you options and how you want to proceed based these suggested possibilities. ...we are in the final stages of this... I know this administration wants this to be over and now... so we are close...closer than we have ever been in a very long time. So, hang in there...It’s coming, one way or the other!! Breathe. [post 2 of 2]
11-19-2018 Newshound/Intel Guru Randy Koonce Well, it seems that the “USS Dinar” continues to sail. However, it does look like this ship is about to hopefully arrive in port very soon... First, are we [we are?] in a new window of opportunity ‘right now’. And I am sure that everyone is like me, and hoping that this will be our last window. When I say that, it again does not mean it will happen without a doubt in this current window; it does mean that there is a very good chance for the rate to finally change. The pressure for this to take place continues to be very great. ...Iraq has a new prime minister and nearly all of the cabinet seated. While there have been a lot of rumors flying about who is and who is not over the CBI right now, I do not believe that will impact ‘the event’ that appears to have been finally scheduled. [post 1 of 2....stay tuned]
11-19-2018 Newshound/Intel Guru Mnt Goat Article quote: "...parliament is moving to take measures TO RESTORE THE INDEPENDENCE OF THE CENTRAL BANK." I did not know the CBI lost its independence. Didn’t parliament pass a law last year establishing the independence of the CBI? So what is this all about? Will the CBI then be able to reinstate the currency too as needed? Quote: "the Governor of the Central Bank bears waste more than 7 Billion Iraqi dinars in circumstances attributed to the floods previously flooded the province of Baghdad. " Alak was not the governor of the CBI in 2013, the time of the incident….hello! ...But Alak did see the country thru the war with ISIS and managed the funds appropriately.
11-18-2018 Newshound Guru MilitiaMan Article: "The Stock Market Announces The Launch Of National Bond Trading" Quote: "The bonds will be launched on November 18 this year, for the first time in the Iraqi market for securities," They look to be international as I see it, and they are primarily for those that have very big money! Not for the little guy.. imo.. That is imo a good thing. Qualified Institutional Buyer's - (QIB).
11-18-2018 Newshound Guru Kaperoni There is over 42 trillion dinar outside the CBI. And there has been no reduction so far. If the dinar is going to appreciate in value the money supply must be reduced. The only way it could happen would be gradually...thus a float is the only real option. 42 Trillion dinar is a substantial amount...the U.S. only has about 1.2 trillion circulating around the world. No way could Iraq support a money supply 40 times the U.S. If a float is the solution, the dinar can rise gradually over time, as money comes into the Iraqi banks it can be collected and destroyed thus reducing the money supply from Trillions to Billions.
A RV or RI is not possible.
11-18-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANKS SHOULD CONSIDER ISSUING DIGITAL MONEY (electronic form NOT crypto currency), IMF'S LAGARDE SAYS" ...Lagarde is NOT talking about crypto currencies. She is talking about electronic currency much like the USA already adopted...the IMF wants other nations too to go more electronic. We have seen this effort in Iraq to convert them and it is successful and allows them to use the smaller category notes and moves them into the situation where they can even eventually issued more even smaller category notes.
11-18-2018 Newshound Guru Adam Montana ...Lots of great arguments for both this year and early 2019... I'll be happy with either, but root for a Christmas RV.
11-18-2018 Newshound/Intel Guru Mnt Goat Article: "Prime Minister Adel Abdul Mahdi, told President Barham Saleh that he would resign if the appointment process continues to sell ministries between the political blocs in his government." So now we know the hold up in getting the remaining ministers. Will they conduct the scheduled announcement and voting of the last 4 ministers next Tuesday Nov 20th or will this too be held up longer? Just in...The next session moved to Monday, 19/11 at one o’clock.” Go figure!
11-18-2018 Newshound/Intel Guru RVAlready Maliki is a bad guy. Unfortunately, lots of folks in Iraq respect him. ...I am sure Iran has some part in this. Nobody who is former PM or president of a country is easy to totally remove. They essentially have immunity for life, and they will always have followers. Hopefully, this will stop soon. I think Mahdi and Allaq will win the day... The bull is probably so thick right now, because the bad guys sense that Madhi and Allaq are about to win the day...The bad guys are just trying to sow confusion and dissent. [post 2 of 2]
11-18-2018 Newshound/Intel Guru RVAlready The bull is flying in Iraq today: Allaq and Mahdi are both resigning. (Yeah right). And I have a piece of swampland in a national park to sell you for $15 million. ...Allaq cannot be removed for something which happened before his time. I would treat all such rumors as false. Iraq full of bad news sources... Remember, Allaq wants the RV. Maliki threatened to have Shabibi executed for suggesting an RV. There seem to be players who do not want a technocratic government, and who do not want an RV. We have seen this before from Iraq. Some folks there want to take Iraq back to the former, very non-democratic times. [post 1 of 2....stay tuned]
11-18-2018 Newshound Guru Kaperoni There is over 42 trillion dinar outside the CBI. And there has been no reduction so far. If the dinar is going to appreciate in value the money supply must be reduced. The only way it could happen would be gradually...thus a float is the only real option. 42 Trillion dinar is a substantial amount...the U.S. only has about 1.2 trillion circulating around the world. No way could Iraq support a money supply 40 times the U.S. If a float is the solution, the dinar can rise gradually over time, as money comes into the Iraqi banks it can be collected and destroyed thus reducing the money supply from Trillions to Billions.
A RV or RI is not possible.
11-18-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANKS SHOULD CONSIDER ISSUING DIGITAL MONEY (electronic form NOT crypto currency), IMF'S LAGARDE SAYS" ...Lagarde is NOT talking about crypto currencies. She is talking about electronic currency much like the USA already adopted...the IMF wants other nations too to go more electronic. We have seen this effort in Iraq to convert them and it is successful and allows them to use the smaller category notes and moves them into the situation where they can even eventually issued more even smaller category notes.
11-18-2018 Newshound Guru Adam Montana ...Lots of great arguments for both this year and early 2019... I'll be happy with either, but root for a Christmas RV.
11-18-2018 Newshound/Intel Guru Mnt Goat Article: "Prime Minister Adel Abdul Mahdi, told President Barham Saleh that he would resign if the appointment process continues to sell ministries between the political blocs in his government." So now we know the hold up in getting the remaining ministers. Will they conduct the scheduled announcement and voting of the last 4 ministers next Tuesday Nov 20th or will this too be held up longer? Just in...The next session moved to Monday, 19/11 at one o’clock.” Go figure!
11-18-2018 Newshound/Intel Guru RVAlready Maliki is a bad guy. Unfortunately, lots of folks in Iraq respect him. ...I am sure Iran has some part in this. Nobody who is former PM or president of a country is easy to totally remove. They essentially have immunity for life, and they will always have followers. Hopefully, this will stop soon. I think Mahdi and Allaq will win the day... The bull is probably so thick right now, because the bad guys sense that Madhi and Allaq are about to win the day...The bad guys are just trying to sow confusion and dissent. [post 2 of 2]
11-18-2018 Newshound/Intel Guru RVAlready The bull is flying in Iraq today: Allaq and Mahdi are both resigning. (Yeah right). And I have a piece of swampland in a national park to sell you for $15 million. ...Allaq cannot be removed for something which happened before his time. I would treat all such rumors as false. Iraq full of bad news sources... Remember, Allaq wants the RV. Maliki threatened to have Shabibi executed for suggesting an RV. There seem to be players who do not want a technocratic government, and who do not want an RV. We have seen this before from Iraq. Some folks there want to take Iraq back to the former, very non-democratic times. [post 1 of 2....stay tuned]
11-17-2018 Newshound/Intel Guru Mnt Goat Again I am telling you that besides other reasons, the best chances we have of getting the CBI to move ahead with the reinstatement is NOT to have Iran involved in this new government. ...The only time Iraq has a chance of having true peace within Iraq is to bring these crooked politicians at all levels of the government, no matter how high up, to justice.
11-17-2018 Intel Guru Frank26 [via Sunkissed] THEIR BONDS...FROM THEIR NATION ARE GOING TO BE SOLD INTERNATIONALLY! They were made in 2017 and they did not sell them. They held them in 2017 until RIGHT NOW...They are going to sell them through the Iraqi Stock Exchange. NOW. ...Why now? Because the reinstatement of the Iraqi dinar was not ready last year, when they printed them. They stopped. And they are NOW going to sell them on the 18th of November 2018. Why? ...almost done...Time is near.
11-17-2018 Intel Guru Frank26 ...They’re lifting the 3-zeros Family. THERE IS NO DENIAL. They’re also now telling you that the Iraqi Stock Exchange is about to sell INTERNATIONAL - INTERNATIONAL -INTERNATIONAL BONDS! THEIR BONDS FROM THEIR NATION ARE GOING TO BE SOLD INTERNATIONALLY!"
11-17-2018 Intel Guru RayRen98 Cbi has come out tonight [Friday] and stated they have not removed alaq and he is still the gov of the cbi they r saying reports r not true of a new cbi gov.
11-17-2018 Newshound Guru ChrisC Article: "Washington: We will press Baghdad to distribute wealth to Iraqis" This is SO what we have been needing to hear. When Trump says you are rich and he is going to "pressure" you, you can get ready because he has apparently had enough of their BS. ...We saw one exodus some time ago of the worst corrupt and I bet we are getting ready to see another. Once that happens, they should be ready to play ball.
11-17-2018 Newshound Guru Kaperoni Breaking News...it appears that new PM Mahdi has sacked the CBI Gov Ali al-Allaq. If true and Ali al-Allaq has been removed history of this position has proven that it causes a delay and monetary policy which is not good news for all of us waiting for Iraq to engage their banking system with the world financial system. It also could have an impact on compliance with the IMF. When previous Central Bank Governors were removed the spread went significantly outside the 2% requirement. Unless Mahdi plans to bring back Shabibi (doubtful) there will be a period of instability in Iraq thus possibly causing the dinar to fall out of compliance. Setback for sure. This is the second time we have been close to the beginning of currency reform. Could end up being a sad day delaying months if not longer. PM Mahdi is pro reform and is clearly aware of the urgency to rebuild, create jobs and invite investment so I remain hopeful for now.
11-17-2018 Intel Guru Frank26 [via Sunkissed] THEIR BONDS...FROM THEIR NATION ARE GOING TO BE SOLD INTERNATIONALLY! They were made in 2017 and they did not sell them. They held them in 2017 until RIGHT NOW...They are going to sell them through the Iraqi Stock Exchange. NOW. ...Why now? Because the reinstatement of the Iraqi dinar was not ready last year, when they printed them. They stopped. And they are NOW going to sell them on the 18th of November 2018. Why? ...almost done...Time is near.
11-17-2018 Intel Guru Frank26 ...They’re lifting the 3-zeros Family. THERE IS NO DENIAL. They’re also now telling you that the Iraqi Stock Exchange is about to sell INTERNATIONAL - INTERNATIONAL -INTERNATIONAL BONDS! THEIR BONDS FROM THEIR NATION ARE GOING TO BE SOLD INTERNATIONALLY!"
11-17-2018 Intel Guru RayRen98 Cbi has come out tonight [Friday] and stated they have not removed alaq and he is still the gov of the cbi they r saying reports r not true of a new cbi gov.
11-17-2018 Newshound Guru ChrisC Article: "Washington: We will press Baghdad to distribute wealth to Iraqis" This is SO what we have been needing to hear. When Trump says you are rich and he is going to "pressure" you, you can get ready because he has apparently had enough of their BS. ...We saw one exodus some time ago of the worst corrupt and I bet we are getting ready to see another. Once that happens, they should be ready to play ball.
11-17-2018 Newshound Guru Kaperoni Breaking News...it appears that new PM Mahdi has sacked the CBI Gov Ali al-Allaq. If true and Ali al-Allaq has been removed history of this position has proven that it causes a delay and monetary policy which is not good news for all of us waiting for Iraq to engage their banking system with the world financial system. It also could have an impact on compliance with the IMF. When previous Central Bank Governors were removed the spread went significantly outside the 2% requirement. Unless Mahdi plans to bring back Shabibi (doubtful) there will be a period of instability in Iraq thus possibly causing the dinar to fall out of compliance. Setback for sure. This is the second time we have been close to the beginning of currency reform. Could end up being a sad day delaying months if not longer. PM Mahdi is pro reform and is clearly aware of the urgency to rebuild, create jobs and invite investment so I remain hopeful for now.
11-16-2018 Newshound Guru ChrisC Article: "The central bank reveals the amount of cash and gold reserves currently in Iraq" Quotes: "there is no intention at the present time to issue any new category and existing categories that cover the need of local Iraq."; "Iraq has plans and strategies that it is working on periodically to make adjustments to the currency and pull the damaged from public markets and replace it with a new one," Remember what [Guru] Walkingstick's firm got them to clearly admit. This is beginning to feel like Kuwait. Wasn't it them that said they couldn't RV for a year and did it the next day?
11-16-2018 Newshound Guru Kaperoni In order for Iraq to engage its banking system with the world's financial system It's a combination of government effort and financial stability/compliance. And again as we stated several months ago a new government would need to be formed, stability and security would have to be proven as well as any other legal or laws necessary to perpetuate the investment process. That being said there is a sense of urgency in Iraq to move Iraq forward now rather than later because Iraq needs money to rebuild and private investment is that solution. ...bringing an influx of capital into a country will create substantial inflationary pressure through the CBI capital account...this has to be accounted for and that's why the CBI must move off of the peg to a float prior to such action. [post 3 of 3]
11-16-2018 Newshound Guru Kaperoni ...in order for the dinar to go up in value several other things must occur the Central Bank of Iraq for one has to rebuild the banking sector. ...the central bank has to meet the conditions set forth by the IMF. And...they must be in compliance in order to move from Article XIV to Article VIII. This compliance has not been achieved since 2012. And this compliance started again in March of 2018. Back then I told everyone that there would be a minimum of a 90-day window and which the CBI needed to hold such compliance ...it's in writing and factual. Since then the CBI has done an excellent job maintaining the 2% compliance requirement to move to Article VIII under difficult circumstances within the country, this doesn't mean they will move today or tomorrow because other factors still exist which could still hold this up. [post 2 of 3....stay tuned]
11-16-2018 Newshound Guru Kaperoni The latest...annual Article IV Consultation...done last September clearly states..."The authorities have appropriately maintained the exchange rate peg." This was done to help accomplish exchange rate stability in Iraq thus allowing the CBI to get in compliance. ...telling people the dinar is already on a managed float...is outright false and not what is going on regarding monetary policy at this time. The CBI is working hard to meet compliance so that they can move forward and engage their banking system with the world. [post 1 of 3....stay tuned]
11-16-2018 Intel Guru Bruce I am not a huge fan of this on the weekend, but banks do like the weekend. They like the idea of Saturday. Are we going to go before Thanksgiving which is Thursday? I believe so. Yes, I do believe that is true. We have heard to be fully funded, to have money to spend for Black Friday/Thanksgiving...we should have this any day now literally. I can’t say it is definite. [post 2 of 2]
11-16-2018 Intel Guru Bruce ...I do not use the S word very often, but I do believe this is very soon. ...We have heard about some time frames like 72 hours from the time that the USTN went asset back which was Tuesday. So 72 hours from Tuesday afternoon at 3:15pm. Could we see something then by that time? Quite possibly. The Redemption Centers ...are essentially are on high alert starting tomorrow [Friday] afternoon. We also know that the Dinar and Dong which are looking blacked out now are supposed to be up by Saturday afternoon/evening...we supposed to have those two currencies rates show. [post 1 of 2....stay tuned]
11-16-2018 Intel Guru Frank62 ...It's one thing to test fractional banking internally but completely different introducing @ onset of banking with the IQD... ISX was testing an offline platform...with USA stock exchange, (don't think a PR rate) also with European Exchanges, ME Exchanges, Arabic Exchanges & Asian Bourse... It's happening right before our eyes whether we can see it or not! ...our sharing is weeks ahead! Just because we don't see it doesn't mean it's not happening! [post 2 of 2]
11-16-2018 Intel Guru Frank26 [via Clare] They tested, tried, the lifting of the 3 zeros for 4 years @ a dual exchange rate...the program rate we see & the 1- 1 we don't see....(articles prove this)...Based on what we read, that rate has well exceeded 1-1. ...more reasons, for more calculations, that have been tested successfully to calculate fractional banking - the ISX - marketplace will need and use fils...right now these and more calculations are all about accounting & math of the lifting of the 3 zeros... ISX going International... as Articles said! ...LAUNCHING the RI with NO mistakes! [post 1 of 2....stay tuned]
11-16-2018 Newshound Guru Kaperoni In order for Iraq to engage its banking system with the world's financial system It's a combination of government effort and financial stability/compliance. And again as we stated several months ago a new government would need to be formed, stability and security would have to be proven as well as any other legal or laws necessary to perpetuate the investment process. That being said there is a sense of urgency in Iraq to move Iraq forward now rather than later because Iraq needs money to rebuild and private investment is that solution. ...bringing an influx of capital into a country will create substantial inflationary pressure through the CBI capital account...this has to be accounted for and that's why the CBI must move off of the peg to a float prior to such action. [post 3 of 3]
11-16-2018 Newshound Guru Kaperoni ...in order for the dinar to go up in value several other things must occur the Central Bank of Iraq for one has to rebuild the banking sector. ...the central bank has to meet the conditions set forth by the IMF. And...they must be in compliance in order to move from Article XIV to Article VIII. This compliance has not been achieved since 2012. And this compliance started again in March of 2018. Back then I told everyone that there would be a minimum of a 90-day window and which the CBI needed to hold such compliance ...it's in writing and factual. Since then the CBI has done an excellent job maintaining the 2% compliance requirement to move to Article VIII under difficult circumstances within the country, this doesn't mean they will move today or tomorrow because other factors still exist which could still hold this up. [post 2 of 3....stay tuned]
11-16-2018 Newshound Guru Kaperoni The latest...annual Article IV Consultation...done last September clearly states..."The authorities have appropriately maintained the exchange rate peg." This was done to help accomplish exchange rate stability in Iraq thus allowing the CBI to get in compliance. ...telling people the dinar is already on a managed float...is outright false and not what is going on regarding monetary policy at this time. The CBI is working hard to meet compliance so that they can move forward and engage their banking system with the world. [post 1 of 3....stay tuned]
11-16-2018 Intel Guru Bruce I am not a huge fan of this on the weekend, but banks do like the weekend. They like the idea of Saturday. Are we going to go before Thanksgiving which is Thursday? I believe so. Yes, I do believe that is true. We have heard to be fully funded, to have money to spend for Black Friday/Thanksgiving...we should have this any day now literally. I can’t say it is definite. [post 2 of 2]
11-16-2018 Intel Guru Bruce ...I do not use the S word very often, but I do believe this is very soon. ...We have heard about some time frames like 72 hours from the time that the USTN went asset back which was Tuesday. So 72 hours from Tuesday afternoon at 3:15pm. Could we see something then by that time? Quite possibly. The Redemption Centers ...are essentially are on high alert starting tomorrow [Friday] afternoon. We also know that the Dinar and Dong which are looking blacked out now are supposed to be up by Saturday afternoon/evening...we supposed to have those two currencies rates show. [post 1 of 2....stay tuned]
11-16-2018 Intel Guru Frank62 ...It's one thing to test fractional banking internally but completely different introducing @ onset of banking with the IQD... ISX was testing an offline platform...with USA stock exchange, (don't think a PR rate) also with European Exchanges, ME Exchanges, Arabic Exchanges & Asian Bourse... It's happening right before our eyes whether we can see it or not! ...our sharing is weeks ahead! Just because we don't see it doesn't mean it's not happening! [post 2 of 2]
11-16-2018 Intel Guru Frank26 [via Clare] They tested, tried, the lifting of the 3 zeros for 4 years @ a dual exchange rate...the program rate we see & the 1- 1 we don't see....(articles prove this)...Based on what we read, that rate has well exceeded 1-1. ...more reasons, for more calculations, that have been tested successfully to calculate fractional banking - the ISX - marketplace will need and use fils...right now these and more calculations are all about accounting & math of the lifting of the 3 zeros... ISX going International... as Articles said! ...LAUNCHING the RI with NO mistakes! [post 1 of 2....stay tuned]
11-15-2018 Newshound Guru Kaperoni [It’s getting hard for me even seeing when or if they are ever going to float. The corruption, the stalling, the bickering/infighting, the incompetence...it is getting really difficult to see them ever getting past it.] Yes it can be frustrating. Keep in mind the IMF, World Bank and others are pushing this reform forward.
11-15-2018 Newshound/Intel Guru Mnt Goat Article: "ALMOST DAILY REPORTS OF THE ARREST OR ELIMINATION OF THE MILITANT GROUP’S TERRORISTS, THEIR LEADERS, SLEEPER CELLS AND HIDEOUTS" ...the SECURITY situation in Iraq is stable but they are still having problems with the ISIS group infiltrating back into Iraq from Syria. But we know we have heard many articles about how SECURE and STABLE Iraq now is so these issues should not be a prohibiting factor in the reinstatement of the dinar.
11-15-2018 Guest Guru Sam I Am ...I didn't sell my dinar because it didn't happen on my time line. I sold because my research led me to the conclusions I'm sharing with you. If I believed it would happen I would hang on for another ten years or more. My research involves economics, IMF docs, history, law etc. Yes they're going to float the dinar in the future just like they're floating it now, via a managed float. ...those articles Kap [Guru Kapaeroni] quotes say that a more flexible policy will lead to an increase. But they mean an increase in the exchange rate not an increase in value. The CBI can adjust the rate any time they deem necessary. Trust me, a year or two from now you'll still be wondering what the hold up is. [post 3 of 3]
11-15-2018 Guest Guru Sam I Am so our main point of disagreement seems to be the feasibility of the IQD floating freely. I maintain that de-pegging would destroy iraq. Kap [Guru Kaperoni] has been saying that [the dinar would float?] since 2012 but he doesn't understand that all of those articles are talking about the managed float that Iraq is currently using...they maintain the peg by manipulating the money supply. [correct and the auctions] yes. so it's already floating ... just not "free floating" like the dollar or the euro. The IMF has already stated that the IQD is rightly valued where it is...bottom line is they back their currency with their foreign currency reserves which is about $50 billion. Divide that by their M1 money supply of 70 trillion and you have a currency that is rightly valued at less than 1/10 of a penny. The low level and the relative stability of inflation do not suggest any significant over- or undervaluation of the Iraqi dinar...the "program rate" isn't an artificially imposed rate but simply the rate used by the IMF for monitoring purposes... [post 2 of 3....stay tuned]
11-15-2018 Guest Guru Sam I Am [Do you think we will ever make any money from the Dinar?] Nobody will get rich from owning dinar. It's possible to make a profit if the CBI decides to raise the value like they did from Nov. 2006 to Jan. 2009... about 25%...but it's very unlikely that they will. But even if that happens the profits won't justify the risk IMO. ...the problem is that most dinar investors have no experience with currency speculation (including me when I got in) and they don't understand how what a revaluation is...By the way, I owned over 8 million...so I've been on both sides...the average dinarian only owns a million or two...so my point is that I owned a lot more than the average guy... the IQD is pegged so it only goes up in value if the CBI decides that it will...they can't de-peg until their economy is diversified to the point that most of their revenues are non-petroleum based... [post 1 of 3....stay tuned]
11-15-2018 Newshound Guru Phillyman Article quote: "...the Prime Minister Adel Abdul Mahdi, told President Barham Saleh that he would resign if the auction continues to sell ministries between the political blocs in his government." Is the article true, accurate? Madhi certainly has his hands full. Who knows by the time you read this maybe all the positions will be filled with moderate, honest politicians. Of course the biq question everyone wants answered is when will the IQD move from its current level. Can we finally agree that no one knows or will know? Does the state of politics even impact that decision? The only person I listen to that makes sense to me is [Guru] Breitling. You won't find an answer to the date question...but you may feel a little better about your investment in Iraq. As insane as this country looks for investment to many I still believe.
11-15-2018 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENT MEETING HELD ON MONDAY, MONETARY POLICY IN THE PRESENCE OF THE GOVERNOR OF THE CENTRAL BANK OF IRAQ ALI ALAK" So we can see the seeds have been sown and many of the newer members of parliament do want the CBI to move ahead with the currency reform. Will the CBI now do it after this meeting with parliament? All the financial news is the best it has been since 2012-2013.
11-15-2018 Newshound/Intel Guru Mnt Goat Article: "ALMOST DAILY REPORTS OF THE ARREST OR ELIMINATION OF THE MILITANT GROUP’S TERRORISTS, THEIR LEADERS, SLEEPER CELLS AND HIDEOUTS" ...the SECURITY situation in Iraq is stable but they are still having problems with the ISIS group infiltrating back into Iraq from Syria. But we know we have heard many articles about how SECURE and STABLE Iraq now is so these issues should not be a prohibiting factor in the reinstatement of the dinar.
11-15-2018 Guest Guru Sam I Am ...I didn't sell my dinar because it didn't happen on my time line. I sold because my research led me to the conclusions I'm sharing with you. If I believed it would happen I would hang on for another ten years or more. My research involves economics, IMF docs, history, law etc. Yes they're going to float the dinar in the future just like they're floating it now, via a managed float. ...those articles Kap [Guru Kapaeroni] quotes say that a more flexible policy will lead to an increase. But they mean an increase in the exchange rate not an increase in value. The CBI can adjust the rate any time they deem necessary. Trust me, a year or two from now you'll still be wondering what the hold up is. [post 3 of 3]
11-15-2018 Guest Guru Sam I Am so our main point of disagreement seems to be the feasibility of the IQD floating freely. I maintain that de-pegging would destroy iraq. Kap [Guru Kaperoni] has been saying that [the dinar would float?] since 2012 but he doesn't understand that all of those articles are talking about the managed float that Iraq is currently using...they maintain the peg by manipulating the money supply. [correct and the auctions] yes. so it's already floating ... just not "free floating" like the dollar or the euro. The IMF has already stated that the IQD is rightly valued where it is...bottom line is they back their currency with their foreign currency reserves which is about $50 billion. Divide that by their M1 money supply of 70 trillion and you have a currency that is rightly valued at less than 1/10 of a penny. The low level and the relative stability of inflation do not suggest any significant over- or undervaluation of the Iraqi dinar...the "program rate" isn't an artificially imposed rate but simply the rate used by the IMF for monitoring purposes... [post 2 of 3....stay tuned]
11-15-2018 Guest Guru Sam I Am [Do you think we will ever make any money from the Dinar?] Nobody will get rich from owning dinar. It's possible to make a profit if the CBI decides to raise the value like they did from Nov. 2006 to Jan. 2009... about 25%...but it's very unlikely that they will. But even if that happens the profits won't justify the risk IMO. ...the problem is that most dinar investors have no experience with currency speculation (including me when I got in) and they don't understand how what a revaluation is...By the way, I owned over 8 million...so I've been on both sides...the average dinarian only owns a million or two...so my point is that I owned a lot more than the average guy... the IQD is pegged so it only goes up in value if the CBI decides that it will...they can't de-peg until their economy is diversified to the point that most of their revenues are non-petroleum based... [post 1 of 3....stay tuned]
11-15-2018 Newshound Guru Phillyman Article quote: "...the Prime Minister Adel Abdul Mahdi, told President Barham Saleh that he would resign if the auction continues to sell ministries between the political blocs in his government." Is the article true, accurate? Madhi certainly has his hands full. Who knows by the time you read this maybe all the positions will be filled with moderate, honest politicians. Of course the biq question everyone wants answered is when will the IQD move from its current level. Can we finally agree that no one knows or will know? Does the state of politics even impact that decision? The only person I listen to that makes sense to me is [Guru] Breitling. You won't find an answer to the date question...but you may feel a little better about your investment in Iraq. As insane as this country looks for investment to many I still believe.
11-15-2018 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENT MEETING HELD ON MONDAY, MONETARY POLICY IN THE PRESENCE OF THE GOVERNOR OF THE CENTRAL BANK OF IRAQ ALI ALAK" So we can see the seeds have been sown and many of the newer members of parliament do want the CBI to move ahead with the currency reform. Will the CBI now do it after this meeting with parliament? All the financial news is the best it has been since 2012-2013.
11-14-2018 Newshound Guru Kaperoni There is no RV or RI...if the dinar appreciates in value it will not happen overnight. That being said, monetary policy will need to change to accommodate investment and that means they will need to float the dinar. Floating the dinar allows the CBI to gradually raise the value to counter inflationary pressure created by an influx of investment. A float can start anytime, but i do not see it rising to equal a dollar for several months if not longer.
11-14-2018 Newshound/Intel Guru Mnt Goat We know that the new asset backed currency rate calculation system introduced in 2012-2013 is generating periodic rates for many of these underdeveloped countries. These rates are pushed down to the banks through this system. Yes, these are real rates but they are not yet implemented. So why does the Iranian Rial all of a sudden show up again with a rate of about $3.90. WOW! This is remember all calculated based on assets and bumped around with neighboring middle eastern countries. This does NOT mean these rate are eminent or will show up LIVE today or tomorrow.
11-14-2018 Newshound/Intel Guru Mnt Goat ...Answer: For only 2 reasons – a. continuance of corruptive banking practices (greed) and corruption and b. political will to execute the “project to delete the zeros”. Again these same politicians are making a...load of money off these fake banks. This is why Dr Shabibi realized the necessity to end these auctions as soon as possible. But the corruption during the Nori al-Maliki administration put a dead stop to this effort. This was the closest the CBI ever got to completing this project to delete the zeros. It has been an uphill battle ever since to do it. [post 2 of 3....stay tuned]
11-14-2018 Newshound/Intel Guru Mnt Goat Article: "IRAN, FEELING SANCTIONS BITE, LOOKS FOR OUTLET IN IRAQ" So what do we know? We know that the US does not want Iraq to use USD to trade with Iran. I have always said these Iraqi currency auctions are now just funneling more money to the terrorist in USD and were set up initially to do just the opposite. So why even continue them then? They are part of the problem. How can this be since they forced Iraq in the past under the sanctions to use only USD thru converting dinar to US dollars thru these currency auctions. Oh – but these sanctions are now lifted and so why does Iraq continue to use these auctions. Answer: [post 1 of 3....stay tuned]
11-14-2018 Newshound/Intel Guru RVAlready The budget has nothing to do with RV timing. I do not think anyone plans a CBI investigation. The fact that the budget is already written in 1:1 numbers, should tell you everyone knows what is happening…. I think this is on a timetable. All the public stuff is just smoke and mirrors, as usual. Remember, this is a new parliament. Allaq reassured them that the MR is going smoothly. He seems to be in control of the MR, and we will see the RV when the date hits. I am hoping the date is this week, or, at the worst, by the end of November.
11-14-2018 Intel Guru Bruce Let’s start with Iraq... we find out tomorrow afternoon [Wednesday] Iraq time...4:30pm to 4:45pm Baghdad time that is 8:30 am to 8:45am Eastern Time things are supposed to be released as far as Iraq is concerned. They may put it out in the Gazette. They may do the Gazette thing which is great, but we are looking for them to release the ATMS with the lower Denoms and also put out a rate on the CBI. There are things that they have held back until we are ready to go...That is something that is supposed to happen tomorrow [Wednesday].
11-14-2018 Newshound/Intel Guru Mnt Goat Article: "FORGED DOCUMENTS FROM 3299 CARICATURES ABLE TO WITHDRAW FUNDS FROM CBI" yet more corruption at the CBI process. These currency auctions must end as they are the source of most of this bank corruption.
11-14-2018 Intel Guru RayRen98 PM Madhi states that the completion of the delivery of the cabinet is in the coming days. Supposedly, a direct quote from PM Abdul-Madhi, "It was necessary to form the government before the end of the constitutional term and the government is strong and hear all the assessments and observations about any minister and we work on a compromise and an agreement to complete the squad in the coming days." [Hmmmmm, "It was necessary to form" sounds like past tense to me, what do you think? Or maybe it's the difference in the English language?] It appears that the CBI Acting-Governor Alak "might" be under official investigation for the disappearance (and/or damage) of seven billion dinar...
11-14-2018 Newshound/Intel Guru Mnt Goat We know that the new asset backed currency rate calculation system introduced in 2012-2013 is generating periodic rates for many of these underdeveloped countries. These rates are pushed down to the banks through this system. Yes, these are real rates but they are not yet implemented. So why does the Iranian Rial all of a sudden show up again with a rate of about $3.90. WOW! This is remember all calculated based on assets and bumped around with neighboring middle eastern countries. This does NOT mean these rate are eminent or will show up LIVE today or tomorrow.
11-14-2018 Newshound/Intel Guru Mnt Goat ...Answer: For only 2 reasons – a. continuance of corruptive banking practices (greed) and corruption and b. political will to execute the “project to delete the zeros”. Again these same politicians are making a...load of money off these fake banks. This is why Dr Shabibi realized the necessity to end these auctions as soon as possible. But the corruption during the Nori al-Maliki administration put a dead stop to this effort. This was the closest the CBI ever got to completing this project to delete the zeros. It has been an uphill battle ever since to do it. [post 2 of 3....stay tuned]
11-14-2018 Newshound/Intel Guru Mnt Goat Article: "IRAN, FEELING SANCTIONS BITE, LOOKS FOR OUTLET IN IRAQ" So what do we know? We know that the US does not want Iraq to use USD to trade with Iran. I have always said these Iraqi currency auctions are now just funneling more money to the terrorist in USD and were set up initially to do just the opposite. So why even continue them then? They are part of the problem. How can this be since they forced Iraq in the past under the sanctions to use only USD thru converting dinar to US dollars thru these currency auctions. Oh – but these sanctions are now lifted and so why does Iraq continue to use these auctions. Answer: [post 1 of 3....stay tuned]
11-14-2018 Newshound/Intel Guru RVAlready The budget has nothing to do with RV timing. I do not think anyone plans a CBI investigation. The fact that the budget is already written in 1:1 numbers, should tell you everyone knows what is happening…. I think this is on a timetable. All the public stuff is just smoke and mirrors, as usual. Remember, this is a new parliament. Allaq reassured them that the MR is going smoothly. He seems to be in control of the MR, and we will see the RV when the date hits. I am hoping the date is this week, or, at the worst, by the end of November.
11-14-2018 Intel Guru Bruce Let’s start with Iraq... we find out tomorrow afternoon [Wednesday] Iraq time...4:30pm to 4:45pm Baghdad time that is 8:30 am to 8:45am Eastern Time things are supposed to be released as far as Iraq is concerned. They may put it out in the Gazette. They may do the Gazette thing which is great, but we are looking for them to release the ATMS with the lower Denoms and also put out a rate on the CBI. There are things that they have held back until we are ready to go...That is something that is supposed to happen tomorrow [Wednesday].
11-14-2018 Newshound/Intel Guru Mnt Goat Article: "FORGED DOCUMENTS FROM 3299 CARICATURES ABLE TO WITHDRAW FUNDS FROM CBI" yet more corruption at the CBI process. These currency auctions must end as they are the source of most of this bank corruption.
11-14-2018 Intel Guru RayRen98 PM Madhi states that the completion of the delivery of the cabinet is in the coming days. Supposedly, a direct quote from PM Abdul-Madhi, "It was necessary to form the government before the end of the constitutional term and the government is strong and hear all the assessments and observations about any minister and we work on a compromise and an agreement to complete the squad in the coming days." [Hmmmmm, "It was necessary to form" sounds like past tense to me, what do you think? Or maybe it's the difference in the English language?] It appears that the CBI Acting-Governor Alak "might" be under official investigation for the disappearance (and/or damage) of seven billion dinar...
[11-13-2018 Newshound/Intel Guru David M. Witty Iraqi PM Abdel-Mahdi in news conference: I will finish forming ministerial cabinet shortly...
11-13-2018 Newshound Guru Kaperoni Central Bank Governor Allaq met with parliament today [Monday] to discuss monetary policy.
11-13-2018 Newshound Guru chattels Article quote: "Governor of the Central Bank of Parliament: We kept the dinar exchange rate against the dollar..." ...there seems to be obvious intentionality at work here. Some would argue that a range of value is being maintained. The 2% variance that Kap [Guru Kaperoni] talks about. Not refering to the 1190, but the market rate. [Side Note: the CBI has maintained the IMF required 2% balance between the Official dinar rate and CBI reported Market rate since ~ March 15, 2018 - You can always see daily CBI dinar rates in the sidebar on the left of this page...]
11-13-2018 Newshound/Intel Guru Mnt Goat ...no one said the change would happen in mid Dec. I only said the re-education to the citizens has to begin before the reinstatement and in time to educate them, enough to do the event. I was told it would begin in late Nov. ...The reinstatement will happen and it is coming.
11-13-2018 Newshound/Intel Guru RVAlready One big thing yesterday. Allaq presented to parliament the advantages of the MR, of which the RV is a major part. Apparently the talk was very well received. Many have speculated that the release date has been determined, and everything we are seeing is just delay until they push the button.
11-13-2018 Newshound Guru chattels Article quote: "...the Prime Minister Adil Abd al-Mahdi will present the rest of his booth including ministerial candidates for Defense and Interior on the 24th November." Most recently it was to be this Thursday, the 15th. Now it is the 24th?
11-13-2018 Newshound/Intel Guru Mnt Goat Article: "MAINTAIN THE EXCHANGE RATE OF THE DINAR AGAINST OTHER CURRENCIES" Quote: "...the central bank balanced between the financial options and managed despite the pressure and impossible goals to maintain the exchange rate of the dinar against other currencies, including the dollar..." ...again the CBI is announcing the ability to keep the exchange rate of the dinar stable... [Side Note: the CBI has maintained the IMF required 2% balance between the Official dinar rate and CBI reported Market rate since ~ March 15, 2018 - See left side bar for daily CBI dinar rates...]
11-13-2018 Newshound Guru Kaperoni Central Bank Governor Allaq met with parliament today [Monday] to discuss monetary policy.
11-13-2018 Newshound Guru chattels Article quote: "Governor of the Central Bank of Parliament: We kept the dinar exchange rate against the dollar..." ...there seems to be obvious intentionality at work here. Some would argue that a range of value is being maintained. The 2% variance that Kap [Guru Kaperoni] talks about. Not refering to the 1190, but the market rate. [Side Note: the CBI has maintained the IMF required 2% balance between the Official dinar rate and CBI reported Market rate since ~ March 15, 2018 - You can always see daily CBI dinar rates in the sidebar on the left of this page...]
11-13-2018 Newshound/Intel Guru Mnt Goat ...no one said the change would happen in mid Dec. I only said the re-education to the citizens has to begin before the reinstatement and in time to educate them, enough to do the event. I was told it would begin in late Nov. ...The reinstatement will happen and it is coming.
11-13-2018 Newshound/Intel Guru RVAlready One big thing yesterday. Allaq presented to parliament the advantages of the MR, of which the RV is a major part. Apparently the talk was very well received. Many have speculated that the release date has been determined, and everything we are seeing is just delay until they push the button.
11-13-2018 Newshound Guru chattels Article quote: "...the Prime Minister Adil Abd al-Mahdi will present the rest of his booth including ministerial candidates for Defense and Interior on the 24th November." Most recently it was to be this Thursday, the 15th. Now it is the 24th?
11-13-2018 Newshound/Intel Guru Mnt Goat Article: "MAINTAIN THE EXCHANGE RATE OF THE DINAR AGAINST OTHER CURRENCIES" Quote: "...the central bank balanced between the financial options and managed despite the pressure and impossible goals to maintain the exchange rate of the dinar against other currencies, including the dollar..." ...again the CBI is announcing the ability to keep the exchange rate of the dinar stable... [Side Note: the CBI has maintained the IMF required 2% balance between the Official dinar rate and CBI reported Market rate since ~ March 15, 2018 - See left side bar for daily CBI dinar rates...]
11-12-2018 Newshound Guru ChrisC ...I believe the vast majority of Iraqi's are good people, and those that are corrupt in power have now been neutered. Corralling all the corruption has certainly taken longer than anyone probably expected, but I do believe we have a pretty firm handle on that now and finally finish the process. I believe they have had a target date in mind for a while now, but we simply have not arrived at that date just yet. Let's see what these next few days/weeks bring us and what they choose to reveal publicly as this year begins to wind down. I think we will all be very happy before too much longer, IMO. [post 2 of 2]
11-12-2018 Newshound Guru ChrisC I have formulated something from one of my favorite literary characters, Sherlock Holmes. Sherlock says “How often have I said to you that when you have eliminated the impossible, whatever remains, however improbable, must be the truth?” ISIS is no longer a problem, there is safety and security, enough that an oil rig operator I know that said he would never go back is going back, a fully formed government (or just about), they have sanctions off of them and assets returned and the full support of the whole World. [post 1 of 2....stay tuned]
11-12-2018 Newshound Guru Kaperoni ...The IQD is not on a managed float but a peg to the dollar...As for a float in the future, the IMF is very clear on this directive as Iraq needs to exit the peg prior to opening their capital account to foreign investment. This is all in the Article IV Consultations... [...if Iraq floated their currency they would go bankrupt.] ...the CBI controls the currency and the amount of currency in circulation just like any other country. Some 200 countries float their currency are they bankrupt? Every single one of us should hope and pray the CBI gives up the peg chooses a new exchange rate regime that is a float and allows the dinar to gradually rise over time as the IMF stated allowing them to reduce the money supply.
11-12-2018 Newshound/Intel Guru Mnt Goat Article: "WHY ARE IRAQ'S KIRKUK OILFIELDS SO IMPORTANT?" Quote: "Iraq’s oilfields in the disputed Kirkuk region have taken on new significance after the United States restored oil sanctions against neighboring Iran. Washington is pressuring Baghdad to resume exports that stopped last year." This is a great insight into Article 140 and the necessity to pass a referendum on it and implement it into law.
11-12-2018 Newshound Guru MilitiaMan ...Pretty sure this all comes out the day before Alak is to be in Parliament.. The day before the UN has a topic on IRaq as well... Did we not recently hear Pompeo and Mnuchin speak in finance and economic circumstance done in IRaq, then Trump and Macron Support the new Mahdi GOI? Yep, Oh and yes the Paris Club... ...Kind interesting that Parliament has the 2019 budget on deck and we learned the payments start for the Paris agreement in 2019... All key items timed so ever accordingly...it should give a calming effect for those that thought this was simply flip the switch already...It is and has been a very complex undertaking that was like and ebb and flow tide. Always moving toward a common ground...I suspect if one is following along, this is starting to show a pattern of motion in more of a one direction specifically, and that is internationalism. imo. [post 2 of 2]
11-12-2018 Newshound Guru MilitiaMan They are telling us they are literally coming on stage internationally. Today they are actively spelling out internationalism based on statements... Quote: "The governor of the Central Bank of Iraq Ali al-Alaq, Sunday 11 November 2018, that the actions taken by the bank was sufficient to move Iraq to the normal follow-up area." That to me means they are just like every well organized bank that is involved in doing international trade. Equal footing if you will. Level playing field!! . Quote: "This new indicator will enable all international financial institutions to open their doors and their relationship with our banking institutions in Iraq..." [post 1 of 2....stay tuned]
11-12-2018 Intel Guru Delta CBI DID NOT REPORT AUCTION FOR TODAY [SUNDAY]!!! [...does that mean the process of canceling auction coming to an end.] WE SHOULD FIND OUT IN THE NEXT 24- 48 HRS...
11-12-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament's schedule for tomorrow does not include voting on unfilled ministerial positions. Iraqi MP says nominees for unfilled minister positions have been decided except for Defense & Interior Ministers. PM wants to avoid announcing names to avoid political attacks. Defense Minister semi-decided but no progress on Interior Minister.
11-12-2018 Newshound Guru ChrisC I have formulated something from one of my favorite literary characters, Sherlock Holmes. Sherlock says “How often have I said to you that when you have eliminated the impossible, whatever remains, however improbable, must be the truth?” ISIS is no longer a problem, there is safety and security, enough that an oil rig operator I know that said he would never go back is going back, a fully formed government (or just about), they have sanctions off of them and assets returned and the full support of the whole World. [post 1 of 2....stay tuned]
11-12-2018 Newshound Guru Kaperoni ...The IQD is not on a managed float but a peg to the dollar...As for a float in the future, the IMF is very clear on this directive as Iraq needs to exit the peg prior to opening their capital account to foreign investment. This is all in the Article IV Consultations... [...if Iraq floated their currency they would go bankrupt.] ...the CBI controls the currency and the amount of currency in circulation just like any other country. Some 200 countries float their currency are they bankrupt? Every single one of us should hope and pray the CBI gives up the peg chooses a new exchange rate regime that is a float and allows the dinar to gradually rise over time as the IMF stated allowing them to reduce the money supply.
11-12-2018 Newshound/Intel Guru Mnt Goat Article: "WHY ARE IRAQ'S KIRKUK OILFIELDS SO IMPORTANT?" Quote: "Iraq’s oilfields in the disputed Kirkuk region have taken on new significance after the United States restored oil sanctions against neighboring Iran. Washington is pressuring Baghdad to resume exports that stopped last year." This is a great insight into Article 140 and the necessity to pass a referendum on it and implement it into law.
11-12-2018 Newshound Guru MilitiaMan ...Pretty sure this all comes out the day before Alak is to be in Parliament.. The day before the UN has a topic on IRaq as well... Did we not recently hear Pompeo and Mnuchin speak in finance and economic circumstance done in IRaq, then Trump and Macron Support the new Mahdi GOI? Yep, Oh and yes the Paris Club... ...Kind interesting that Parliament has the 2019 budget on deck and we learned the payments start for the Paris agreement in 2019... All key items timed so ever accordingly...it should give a calming effect for those that thought this was simply flip the switch already...It is and has been a very complex undertaking that was like and ebb and flow tide. Always moving toward a common ground...I suspect if one is following along, this is starting to show a pattern of motion in more of a one direction specifically, and that is internationalism. imo. [post 2 of 2]
11-12-2018 Newshound Guru MilitiaMan They are telling us they are literally coming on stage internationally. Today they are actively spelling out internationalism based on statements... Quote: "The governor of the Central Bank of Iraq Ali al-Alaq, Sunday 11 November 2018, that the actions taken by the bank was sufficient to move Iraq to the normal follow-up area." That to me means they are just like every well organized bank that is involved in doing international trade. Equal footing if you will. Level playing field!! . Quote: "This new indicator will enable all international financial institutions to open their doors and their relationship with our banking institutions in Iraq..." [post 1 of 2....stay tuned]
11-12-2018 Intel Guru Delta CBI DID NOT REPORT AUCTION FOR TODAY [SUNDAY]!!! [...does that mean the process of canceling auction coming to an end.] WE SHOULD FIND OUT IN THE NEXT 24- 48 HRS...
11-12-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament's schedule for tomorrow does not include voting on unfilled ministerial positions. Iraqi MP says nominees for unfilled minister positions have been decided except for Defense & Interior Ministers. PM wants to avoid announcing names to avoid political attacks. Defense Minister semi-decided but no progress on Interior Minister.
11-11-2018 Newshound Guru tlm724 Article: "Central Bank: Our banking procedures transferred Iraq to the normal follow-up area" Quote: "All of the international financial institutions will be able to open their doors and relationships with our banking institutions in Iraq."
11-11-2018 Intel Guru RayRen98 Electronic cards (possibly considered a national card) were distributed to the citizens of Iraq but no new rates were revealed. Their government is attempting to increase the allocated amounts. Iraqi TV is reporting that the remaining cabinet members will be voted and confirmed on Monday's Parliament session.
11-11-2018 Newshound/Intel Guru Mnt Goat Article: "THE SCANDAL OF THE CENTRAL BANK, WHICH IS PREOCCUPIED WITH THE NAME OF ITS CURRENCY" I really like this article...It is telling the CBI that they put the effort in the wrong direction for currency reform. Instead the effort should be in the value and deleting the zeros. So this is more pressure from more sources to get this project done...
11-11-2018 Newshound Guru MilitiaMan We have recent data that supports they have now over $60 billion in reserves along with about 96.5 tonnes of gold, they have taxes and tariffs that match their 4.6 million barrel out put a day at or over $69.00 a barrel which is far the $56 in the budget for 2019, if I read that correct. So I see support for them coming back to the glory days.. imo.
11-11-2018 Intel Guru RayRen98 Articles are indicating that (once again) HCL agreements have been reached regarding payments to the citizens. [Some are claiming that THIS was the holdup...Time Will Tell]. Iraq TV broadcast a speech by PM Madhi at the Baghdad International Fair indicating his main goal is to return the economy to a favored state with more concentration on the private sector. 17+ countries and over 700 companies are in attendance. The Kurds have reached an agreement on the oil fields in Kirkuk, finalization is expected by the end of November.
11-11-2018 Intel Guru Delta Article: "Qatar offers to use its banks to circumvent sanctions against Iran" HUGE PART!!! Quote: "Even with this exception, Washington has obliged Baghdad to open an account in Iraqi dinars to pay for Iranian imports, a new restriction on remittances between Iraq and Iran". THEY CAN'T DO REMITTANCE BETWEEN IQD AND IRR AND WASHINGTON KNOW THAT. THEY NEED ARTICLE 8 FOR THIS ACTION AND THEY CAN'T MOVE TO ARTICLE 8 WITHOUT LIFTING ZEROS...
11-11-2018 Intel Guru RayRen98 Electronic cards (possibly considered a national card) were distributed to the citizens of Iraq but no new rates were revealed. Their government is attempting to increase the allocated amounts. Iraqi TV is reporting that the remaining cabinet members will be voted and confirmed on Monday's Parliament session.
11-11-2018 Newshound/Intel Guru Mnt Goat Article: "THE SCANDAL OF THE CENTRAL BANK, WHICH IS PREOCCUPIED WITH THE NAME OF ITS CURRENCY" I really like this article...It is telling the CBI that they put the effort in the wrong direction for currency reform. Instead the effort should be in the value and deleting the zeros. So this is more pressure from more sources to get this project done...
11-11-2018 Newshound Guru MilitiaMan We have recent data that supports they have now over $60 billion in reserves along with about 96.5 tonnes of gold, they have taxes and tariffs that match their 4.6 million barrel out put a day at or over $69.00 a barrel which is far the $56 in the budget for 2019, if I read that correct. So I see support for them coming back to the glory days.. imo.
11-11-2018 Intel Guru RayRen98 Articles are indicating that (once again) HCL agreements have been reached regarding payments to the citizens. [Some are claiming that THIS was the holdup...Time Will Tell]. Iraq TV broadcast a speech by PM Madhi at the Baghdad International Fair indicating his main goal is to return the economy to a favored state with more concentration on the private sector. 17+ countries and over 700 companies are in attendance. The Kurds have reached an agreement on the oil fields in Kirkuk, finalization is expected by the end of November.
11-11-2018 Intel Guru Delta Article: "Qatar offers to use its banks to circumvent sanctions against Iran" HUGE PART!!! Quote: "Even with this exception, Washington has obliged Baghdad to open an account in Iraqi dinars to pay for Iranian imports, a new restriction on remittances between Iraq and Iran". THEY CAN'T DO REMITTANCE BETWEEN IQD AND IRR AND WASHINGTON KNOW THAT. THEY NEED ARTICLE 8 FOR THIS ACTION AND THEY CAN'T MOVE TO ARTICLE 8 WITHOUT LIFTING ZEROS...
11-10-2018 Intel/Newshound Guru Poppy3 IF THE FIGURES ARE CORRECT ON THE KUWAIT DINAR BANK EXCHANGE FOR IRAQ AT $4000.00 DINAR = TO $14,000.00 THAT COMPUTES TO APPROXIMATELY $2.89. I KNOW THAT DOESN'T AT THIS TIME EFFECT US BUT THAT RATE IS CONSISTENT TO MOST PROJECTION OF THE THREE DOLLAR RAGE EXPECTED. I AM ENCOURAGED GREATLY ON WHAT IS HAPPENING.
11-10-2018 Intel Guru ADMINBILL I WOULD SAY THAT WE MAY ACTUALLY NEARING AN END TO THE PROCESS...I DON'T HAVE A SPECIFIC TIME FRAME BUT THE FEELING THAT WE ARE MARCHING TO THE DAY WHEN YOUR FINANCIAL SECURITY WILL BE IN THE BANK. SO HANG IN FOR HOWEVER MUCH LONGER THE WAIT IS.
11-10-2018 Newshound/Intel Guru David M. Witty US gives Iraq an exemption to Iranian sanctions for 45 days to allow it to import Iranian gas & electricity. Iraq must develop a plan to ween itself from Iranian imports.
11-10-2018 Newshound/Intel Guru BGG 3) It gives us an idea as to who is was charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki, at that point. Period. Historically – he had been a “weak Dinar” policy advocate. Are they likely to now push this forward? Make note, Mahdi is an actual economist and was one of the Vice Presidents of Iraq from 2005 to 2011. He formerly served as the Finance Minister in the Interim government and Oil Minister from 2014 to 2016 (Wikipedia sourced). There has been a flurry of references to this same aforementioned “project” recently in various news articles. 4) Though no guarantee of a future plan they wind up engaging – this report pointed out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″… [post 3 of 3]
11-10-2018 Newshound/Intel Guru BGG I have often pointed out this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGIR report gives us some VERY valuable insights…1) This was information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. This goes directly to the validity of this venture – against all advice from Wells Fargo or other such naysayers. 2) It points out there had been a legitimate “plan” – or time frame in motion… having been projected to be done in 2013. What the current time frame is now, or what the current plan is – hard to say. [post 2 of 3....stay tuned]
11-10-2018 Newshound/Intel Guru BGG Flashback – The Iraqi Dinar is the official currency of a COUNTRY. For any bank, banker, lawmaker, adviser or official (of any kind) to make the statement “the Dinar is a scam” is JUST... foolish...The Iraqi Dinar is the official currency of a COUNTRY. Numerous times I have pointed to SIGIR Report as guidance. THIS REPORT WAS SENT TO CONGRESS IN MAY of 2012. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO BE VALUED AT AROUND A DOLLAR IN 2013...For ANY member of our Government to say they have no idea what is going on here – means they simply haven’t read some very basic documents presented them. [post 1 of 3....stay tuned]
11-10-2018 Newshound/Intel Guru Mnt Goat I also told you this is multi-facet and there are many parts to it. This is VERY big and complex. So, the CBI needs to get to the reinstatement part and get to a point AGAIN when they can request permission to reinstate. But this is not the final end. Once the permission is given, the CBI then can begin the launch the smaller, smaller category notes (5,10,25,etc) and work their way up to the .83 cents (approx). But as I told you they get the permission and then it is pulled away once they move ahead again. This is an obstacle but remember they also have to proceed with the process first and it is not as simple as getting permission and then the RV appears. There is a process in between. Be patient! [post 2 of 2]
11-10-2018 Newshound/Intel Guru Mnt Goat ... I have been telling you in my “project to delete the zeros” and how it will first get revalued in-country within Iraq (not yet on the currency exchanges). Then up to 2-4 weeks later, once it is stable in Iraq and no hyper-inflation situations arise (checked for inflation), the CBI then intends to unleash the dinar on the international markets, thus requesting the reinstatement. So far they get to a certain point and the project keeps getting put on hold or stalled. So recently we heard that there was the largest busting up of a counterfeit ring within Iraq...we know they need to break up these rings of counterfeiters prior to the RV. [post 1 of 2....stay tuned]
11-10-2018 Intel Guru ADMINBILL I WOULD SAY THAT WE MAY ACTUALLY NEARING AN END TO THE PROCESS...I DON'T HAVE A SPECIFIC TIME FRAME BUT THE FEELING THAT WE ARE MARCHING TO THE DAY WHEN YOUR FINANCIAL SECURITY WILL BE IN THE BANK. SO HANG IN FOR HOWEVER MUCH LONGER THE WAIT IS.
11-10-2018 Newshound/Intel Guru David M. Witty US gives Iraq an exemption to Iranian sanctions for 45 days to allow it to import Iranian gas & electricity. Iraq must develop a plan to ween itself from Iranian imports.
11-10-2018 Newshound/Intel Guru BGG 3) It gives us an idea as to who is was charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki, at that point. Period. Historically – he had been a “weak Dinar” policy advocate. Are they likely to now push this forward? Make note, Mahdi is an actual economist and was one of the Vice Presidents of Iraq from 2005 to 2011. He formerly served as the Finance Minister in the Interim government and Oil Minister from 2014 to 2016 (Wikipedia sourced). There has been a flurry of references to this same aforementioned “project” recently in various news articles. 4) Though no guarantee of a future plan they wind up engaging – this report pointed out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″… [post 3 of 3]
11-10-2018 Newshound/Intel Guru BGG I have often pointed out this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGIR report gives us some VERY valuable insights…1) This was information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. This goes directly to the validity of this venture – against all advice from Wells Fargo or other such naysayers. 2) It points out there had been a legitimate “plan” – or time frame in motion… having been projected to be done in 2013. What the current time frame is now, or what the current plan is – hard to say. [post 2 of 3....stay tuned]
11-10-2018 Newshound/Intel Guru BGG Flashback – The Iraqi Dinar is the official currency of a COUNTRY. For any bank, banker, lawmaker, adviser or official (of any kind) to make the statement “the Dinar is a scam” is JUST... foolish...The Iraqi Dinar is the official currency of a COUNTRY. Numerous times I have pointed to SIGIR Report as guidance. THIS REPORT WAS SENT TO CONGRESS IN MAY of 2012. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO BE VALUED AT AROUND A DOLLAR IN 2013...For ANY member of our Government to say they have no idea what is going on here – means they simply haven’t read some very basic documents presented them. [post 1 of 3....stay tuned]
11-10-2018 Newshound/Intel Guru Mnt Goat I also told you this is multi-facet and there are many parts to it. This is VERY big and complex. So, the CBI needs to get to the reinstatement part and get to a point AGAIN when they can request permission to reinstate. But this is not the final end. Once the permission is given, the CBI then can begin the launch the smaller, smaller category notes (5,10,25,etc) and work their way up to the .83 cents (approx). But as I told you they get the permission and then it is pulled away once they move ahead again. This is an obstacle but remember they also have to proceed with the process first and it is not as simple as getting permission and then the RV appears. There is a process in between. Be patient! [post 2 of 2]
11-10-2018 Newshound/Intel Guru Mnt Goat ... I have been telling you in my “project to delete the zeros” and how it will first get revalued in-country within Iraq (not yet on the currency exchanges). Then up to 2-4 weeks later, once it is stable in Iraq and no hyper-inflation situations arise (checked for inflation), the CBI then intends to unleash the dinar on the international markets, thus requesting the reinstatement. So far they get to a certain point and the project keeps getting put on hold or stalled. So recently we heard that there was the largest busting up of a counterfeit ring within Iraq...we know they need to break up these rings of counterfeiters prior to the RV. [post 1 of 2....stay tuned]
11-9-2018 Newshound Guru chattels Large volume of currency sold at auction...The Central Bank is selling $ 225 million in the currency auction today [Thursday] | 07/11/2018...Typically ( of late ) large volume sales are an effort by the CBI to maintain stability in the rate / value of the dinar against the dollar.
11-9-2018 Newshound Guru MilitiaMan Article: "Documents .. Signatures to distribute the amount of each barrel of oil to the Iraqis" I am not sure how many signatures they'll need, but, the fact that they are collecting them makes me happy as all get out. They get this done, and for all citizens get a slice of every barrel of oil on their cards... Who wouldn't sign it after all these years? Lets not forget the possible motive to put pressure next door, as we watch the unrest. Like we have talked about of recent, the IQD brings purchase power the neighbors are going to be jealous.. imo.
11-9-2018 Newshound/Intel Guru Arthur ...when the HCL is fully implemented in Iraq, an Iraqi citizen must be able to swipe their Qi card and receive monthly oil benefits anywhere in the world in the currency of whatever country they happen to be in. That will require an internationally recognized, revalued currency just as Kuwait has. Once fully implemented, then and only then will we see any significant increase in value in the IQD. [post 2 of 2]
11-9-2018 Newshound/Intel Guru Arthur There is finally something to talk about. Yesterday Fifty deputies signed for the deduction of the amount of each barrel of oil and distribution to each individual Iraqi. This is the long awaited HCL. This event is not just about international Dinarians getting a tremendous return on their investment. It is more about Iraqi citizens being paid from the enormous oil wealth of Iraq. ...oil rich neighbor Kuwait provides their citizens a monthly food supply... If the government can not find a job for a citizen that citizen gets 200 KD ($650) per month until they are employed. If a citizen works in the private sector...they earn 900 KD per month in addition to the salary their employer provides (that’s almost $3,000 USD per month on TOP of their regular salary!). All Children get $200/mo till their 26 years old. The minimum pension is 1000 KWD ($3,000). Healthcare and education are free... [post 1 of 2....stay tuned]
11-9-2018 Intel Guru Bruce ...I know Iraq is looking for some type of approval from the IMF for something regarding Chapter 8. ...My understanding is Chapter 8 is a United Nations thing that takes you from Chapter 7 which they completed to Chapter 8, and I believe is IMF is just acknowledging Chapter 8 from the UN that should take place tomorrow [Friday]. ...I know certain Iraqis that we talk to...that are part of our extended team are indicating that they are excited and they are looking forward to things popping here. ...Realistically they could pull the trigger anytime...it appears we are in a window that should take us into completion by the weekend whether that is tomorrow [Friday], Saturday, or Sunday. We should be there in that time frame. ...I am telling you right now the banks have everything they need in place with rates up to go...
11-9-2018 Newshound Guru MilitiaMan Article: "Documents .. Signatures to distribute the amount of each barrel of oil to the Iraqis" I am not sure how many signatures they'll need, but, the fact that they are collecting them makes me happy as all get out. They get this done, and for all citizens get a slice of every barrel of oil on their cards... Who wouldn't sign it after all these years? Lets not forget the possible motive to put pressure next door, as we watch the unrest. Like we have talked about of recent, the IQD brings purchase power the neighbors are going to be jealous.. imo.
11-9-2018 Newshound/Intel Guru Arthur ...when the HCL is fully implemented in Iraq, an Iraqi citizen must be able to swipe their Qi card and receive monthly oil benefits anywhere in the world in the currency of whatever country they happen to be in. That will require an internationally recognized, revalued currency just as Kuwait has. Once fully implemented, then and only then will we see any significant increase in value in the IQD. [post 2 of 2]
11-9-2018 Newshound/Intel Guru Arthur There is finally something to talk about. Yesterday Fifty deputies signed for the deduction of the amount of each barrel of oil and distribution to each individual Iraqi. This is the long awaited HCL. This event is not just about international Dinarians getting a tremendous return on their investment. It is more about Iraqi citizens being paid from the enormous oil wealth of Iraq. ...oil rich neighbor Kuwait provides their citizens a monthly food supply... If the government can not find a job for a citizen that citizen gets 200 KD ($650) per month until they are employed. If a citizen works in the private sector...they earn 900 KD per month in addition to the salary their employer provides (that’s almost $3,000 USD per month on TOP of their regular salary!). All Children get $200/mo till their 26 years old. The minimum pension is 1000 KWD ($3,000). Healthcare and education are free... [post 1 of 2....stay tuned]
11-9-2018 Intel Guru Bruce ...I know Iraq is looking for some type of approval from the IMF for something regarding Chapter 8. ...My understanding is Chapter 8 is a United Nations thing that takes you from Chapter 7 which they completed to Chapter 8, and I believe is IMF is just acknowledging Chapter 8 from the UN that should take place tomorrow [Friday]. ...I know certain Iraqis that we talk to...that are part of our extended team are indicating that they are excited and they are looking forward to things popping here. ...Realistically they could pull the trigger anytime...it appears we are in a window that should take us into completion by the weekend whether that is tomorrow [Friday], Saturday, or Sunday. We should be there in that time frame. ...I am telling you right now the banks have everything they need in place with rates up to go...
11-8-2018 Intel/Newshound Guru sandyf ...This supposedly international event has only ever been under the US microscope. The Iraqi dinar was not the only speculative investment I got involved with all these years ago and the informational waveform would indicate a connection to a singular event. Earlier this year other entities indicated that there could be some sort of conclusion towards the tail end of this year. We are now weeks away and as yet there has been no backtracking, on previous occasions backtracking came months before the anticipated timeframe...
11-8-2018 Newshound Guru chattels Article: "The House of Representatives raises its meeting to the next Saturday at one o'clock" Parliament met today and adjourned until Saturday.
11-8-2018 Newshound/Intel Guru Mnt Goat Article quote: "The United States has told Iraq it will continue to import vital supplies of gas, energy and food from Iran after Washington reinstates sanctions on Iran’s oil sector, three Iraqi officials said. Exemption from Iraq IS CONTINGENT ON IRAN NOT PAYING THE PRICE OF IMPORTS IN US DOLLARS..." Okay so then how will Iraq pay for the imports? According to the currency auctions this is supposed to be used for this purpose to convert dinars to US dollars and then pay them in dollars. Will they use instead Euros or another currency? Will they use dinars? So we should see the currency auctions going way down after these sanctions kick in. Let’s not do a knee jerk reaction when we see it and claims it’s the RV since now we know what is causing it.
11-8-2018 Newshound Guru Kaperoni ...the dinar is already legal tender throughout the world. Once IMF Article VIII happens it will make banking and acceptance more available. There is no reinstatement the dinar value is what it is and currently 1190 to $1. If the dinar rises it will occur gradually via a new exchange rate regime which will be a float..not some overnight event. [You can always see the current CBI OFFICIAL dinar rate and MARKET rate in the left column of this page.]
11-8-2018 Newshound Guru chattels The Constitution of Iraq does not require three deputies to the President or VP's. There must be at least one and there may be more, but constitutionally speaking no change is necessary. Article 66, Second, states as follows : " A law shall regulate the nomination of one deputy or more for the President of the Republic." Abadi tried to do away with all VP's and failed. Historically there have been three, one each from Shia, Sunni and Kurdish factions.
11-8-2018 Newshound Guru Breitling As far as the dinar goes, it looks so phenomenal, it truly does. We are in a very very good spot. And now we have an entire country pushing it…Let me throw this out there just as a scenario…Let’s say Iran is not attached to the Iraqi dinar at all. Then it’s strictly oil prices. But Iran is attached to Iraq. So what if they force a revaluation or decide to have a revaluation before the price per barrel goes down? That could happen…that’s why we live in a different world. That could happen with the relationship they have with Iran. It would stabilize Iraq and Iran in that region if they added value to it. It would counter the sanctions…the language I’m hearing out of Iraq is that’s what’s coming down the road. That’s what they’re negotiating. Now Iraq hasn’t bought into it yet but that’s what’s going on out there.
11-8-2018 Newshound Guru chattels Article: "The House of Representatives raises its meeting to the next Saturday at one o'clock" Parliament met today and adjourned until Saturday.
11-8-2018 Newshound/Intel Guru Mnt Goat Article quote: "The United States has told Iraq it will continue to import vital supplies of gas, energy and food from Iran after Washington reinstates sanctions on Iran’s oil sector, three Iraqi officials said. Exemption from Iraq IS CONTINGENT ON IRAN NOT PAYING THE PRICE OF IMPORTS IN US DOLLARS..." Okay so then how will Iraq pay for the imports? According to the currency auctions this is supposed to be used for this purpose to convert dinars to US dollars and then pay them in dollars. Will they use instead Euros or another currency? Will they use dinars? So we should see the currency auctions going way down after these sanctions kick in. Let’s not do a knee jerk reaction when we see it and claims it’s the RV since now we know what is causing it.
11-8-2018 Newshound Guru Kaperoni ...the dinar is already legal tender throughout the world. Once IMF Article VIII happens it will make banking and acceptance more available. There is no reinstatement the dinar value is what it is and currently 1190 to $1. If the dinar rises it will occur gradually via a new exchange rate regime which will be a float..not some overnight event. [You can always see the current CBI OFFICIAL dinar rate and MARKET rate in the left column of this page.]
11-8-2018 Newshound Guru chattels The Constitution of Iraq does not require three deputies to the President or VP's. There must be at least one and there may be more, but constitutionally speaking no change is necessary. Article 66, Second, states as follows : " A law shall regulate the nomination of one deputy or more for the President of the Republic." Abadi tried to do away with all VP's and failed. Historically there have been three, one each from Shia, Sunni and Kurdish factions.
11-8-2018 Newshound Guru Breitling As far as the dinar goes, it looks so phenomenal, it truly does. We are in a very very good spot. And now we have an entire country pushing it…Let me throw this out there just as a scenario…Let’s say Iran is not attached to the Iraqi dinar at all. Then it’s strictly oil prices. But Iran is attached to Iraq. So what if they force a revaluation or decide to have a revaluation before the price per barrel goes down? That could happen…that’s why we live in a different world. That could happen with the relationship they have with Iran. It would stabilize Iraq and Iran in that region if they added value to it. It would counter the sanctions…the language I’m hearing out of Iraq is that’s what’s coming down the road. That’s what they’re negotiating. Now Iraq hasn’t bought into it yet but that’s what’s going on out there.
11-7-2018 **** Dinar Guru News Update ***** After a month of no updates...the CBI reported the MARKET rate of the dinar today as 1204. The update included the MARKET rate for every business day between October 8th and November 7th which traded between 1203 to 1208 over this timespan. These rates are well within the 2% IMF requirement between the OFFICIAL rate and the MARKET rate some gurus feel must be maintained for Article 8 compliance. Stay tuned as more information comes in from the Central Bank of Iraq. The latest guru posts will continue below...
11-7-2018 Newshound Guru Adam Montana [Do you believe that the re-institution of Iran's sanctions, which limits where and to whom Iran can sell its oil, will result in an uptick in the price of oil? If this occurs, could this be a reason for the Iraq to consider RVing in the near term to take advantage of the higher price of oil?] That is certainly an angle I keep an eye on just to monitor my oil related investments, but I do not see it as a direct "hot button" that will prompt Iraq to RV. It will certainly have an impact on their bottom line, but it is not the "deciding factor".
11-7-2018 Newshound Guru chattels #Iraq parliament met Tue but did not consider completion of cabinet. Next meeting scheduled for Thur...Tune in tomorrow...
11-7-2018 Newshound/Intel Guru Mnt Goat Article: "PROJECT TO BE DISCUSSED BY THE PARLIAMENT, REDUCING THE NUMBER OF VICE PRESIDENTS FROM THREE TO ONE" This article is one that I consider a WOW article. ...First we find out why Maliki has not yet been prosecuted for the fall of Mosul. Then we can see the political maneuvering by Maliki to save his own skin. Simply put – he wants the immunity and he needs the VP position. Secondly we see how they have not yet announced the three new VPs and want to change the constitution to have only one (1). But this will be very difficult to do since what tribe will the VP belong to? Right now its a balance between the three tribes as each Sunni, Sheite and Kurd is represented. We are told that they would be announced at the same time as the rest of the ministers. The count for the ministers is now up to 6 from 4 last week that are not yet ratified. There are a total of 8 still to be announced and voted on.
11-7-2018 Newshound Guru Adam Montana ..."Mahdi is cleaning house". YEP! The wheels are turning. The transition is rolling along, and that's the best news we can ask for. Keep it moving, Mahdi! I see all of this as a good sign. There are no major upheavals, nothing shocking, and nothing scary has happened in the last week. Things are proceeding smoothly...we DO have is solid progress...Stay patient, friends.
11-7-2018 Newshound Guru Breitling What did Iraq say they were going to do? They even told everybody how they were going to do it and the time period they are going to take to get the currency you and I have off the market and introduce the new currency that represent the higher rate that can interact with the rest of the world. There is a transition period in the middle of that. Nothing more. It’s not complicated. Everybody makes things more complicated than they really are. Everything is simple…always start with the intent of what the CBI wants to do. They want to add value to their currency…That’s it.
11-7-2018 Intel Guru Delta & Newshound Guru MilitiaMan
QD/USD (IQDUSD=X)
Previous Close 0.001
Open 0.001
Bid 0.001
Day's Range 0.001 - 0.001
52 Week Range 0.0008 - 0.0009
Ask 0.001
Now that is interesting movement in value and if it holds then, a international calculation can get applied to it in short order...IMO.
11-7-2018 Intel Guru Bruce ...We had back...this past Sunday...information that talked about dates. We had information that talked about the 7th and 8th, tomorrow [Wednesday] and Thursday. I feel like that is probably in the right realm where we should be. So I feel like we're in the place where things could happen. ...we know Iraq is done. We have a rate...that is solid on the front screens at the bank. It is solid and it reflects which is going to be seen if it is not seen already, on the CBI site... I think everything is coming together nicely...we are pretty much lined up and ready to start. [post 2 of 2]
11-7-2018 Intel Guru Bruce [via PinkRoses] ...yesterday we understood our President along with Steven Munchin, our Treasury Secretary, and Mike Pompeo, our Secretary of State that we had some interesting couple of phone calls in the morning with China, with President Xi and the Minister of Finance. They were very positive calls. As a result there was an encrypted letter sent all the way to the West coast, the Big R, and it was more or less, I believe, it was instruction of the timing to release everything. [post 1 of 2....stay tuned]
11-7-2018 Newshound Guru chattels #Iraq parliament met Tue but did not consider completion of cabinet. Next meeting scheduled for Thur...Tune in tomorrow...
11-7-2018 Newshound/Intel Guru Mnt Goat Article: "PROJECT TO BE DISCUSSED BY THE PARLIAMENT, REDUCING THE NUMBER OF VICE PRESIDENTS FROM THREE TO ONE" This article is one that I consider a WOW article. ...First we find out why Maliki has not yet been prosecuted for the fall of Mosul. Then we can see the political maneuvering by Maliki to save his own skin. Simply put – he wants the immunity and he needs the VP position. Secondly we see how they have not yet announced the three new VPs and want to change the constitution to have only one (1). But this will be very difficult to do since what tribe will the VP belong to? Right now its a balance between the three tribes as each Sunni, Sheite and Kurd is represented. We are told that they would be announced at the same time as the rest of the ministers. The count for the ministers is now up to 6 from 4 last week that are not yet ratified. There are a total of 8 still to be announced and voted on.
11-7-2018 Newshound Guru Adam Montana ..."Mahdi is cleaning house". YEP! The wheels are turning. The transition is rolling along, and that's the best news we can ask for. Keep it moving, Mahdi! I see all of this as a good sign. There are no major upheavals, nothing shocking, and nothing scary has happened in the last week. Things are proceeding smoothly...we DO have is solid progress...Stay patient, friends.
11-7-2018 Newshound Guru Breitling What did Iraq say they were going to do? They even told everybody how they were going to do it and the time period they are going to take to get the currency you and I have off the market and introduce the new currency that represent the higher rate that can interact with the rest of the world. There is a transition period in the middle of that. Nothing more. It’s not complicated. Everybody makes things more complicated than they really are. Everything is simple…always start with the intent of what the CBI wants to do. They want to add value to their currency…That’s it.
11-7-2018 Intel Guru Delta & Newshound Guru MilitiaMan
QD/USD (IQDUSD=X)
Previous Close 0.001
Open 0.001
Bid 0.001
Day's Range 0.001 - 0.001
52 Week Range 0.0008 - 0.0009
Ask 0.001
Now that is interesting movement in value and if it holds then, a international calculation can get applied to it in short order...IMO.
11-7-2018 Intel Guru Bruce ...We had back...this past Sunday...information that talked about dates. We had information that talked about the 7th and 8th, tomorrow [Wednesday] and Thursday. I feel like that is probably in the right realm where we should be. So I feel like we're in the place where things could happen. ...we know Iraq is done. We have a rate...that is solid on the front screens at the bank. It is solid and it reflects which is going to be seen if it is not seen already, on the CBI site... I think everything is coming together nicely...we are pretty much lined up and ready to start. [post 2 of 2]
11-7-2018 Intel Guru Bruce [via PinkRoses] ...yesterday we understood our President along with Steven Munchin, our Treasury Secretary, and Mike Pompeo, our Secretary of State that we had some interesting couple of phone calls in the morning with China, with President Xi and the Minister of Finance. They were very positive calls. As a result there was an encrypted letter sent all the way to the West coast, the Big R, and it was more or less, I believe, it was instruction of the timing to release everything. [post 1 of 2....stay tuned]
11-6-2018 Newshound Guru Breitling Where do I get my information from? It comes from an authority…I’m getting my math, my information from the authority…from the people who say they’re going to revalue. The people who are in control of the country’s currency in Iraq. That’s it. If it doesn’t happen, it’s because of something they did. If it happens…it’s something they did. But I’m speculating on it because of something they said. And I believe they can do it. And I believe they’re going to do it. That’s it. My opinion is based on that information and that information only…my option is yeah, it’s worth speculating on. I believe that.
11-6-2018 Newshound/Intel Guru Mnt Goat Article: "APPEARANCE OF MOHAMMED SALEH: IRAQ AND THE WORLD TRADE ORGANIZATION" ...this is a very long article and so let me try to sum it up for you: Mohammed Saleh, the deputy financial advisor to the GOI, is assessing the opportunity cost of joining the WTO. Does Iraq really care about joining? He concludes that YES Iraq does want to join. ...The long path to WTO ascension is the ability to go along with the BIG guys and play their game since the markets are dominated by so few who control the entire international market; the long-term survival of Iraq depends on international trade, secure international investment and a commercial environment; one of the major obstacles is the INABILITY of a “strong payment program”. How they transfer funds (SWIFT system) and use of currency (currency reform).
11-6-2018 Newshound Guru David M. Witty Iraqi sources say PM Abdel-Mahdi will attempt to present 5 ministers to Parliament today & hopes to get vote of approval. Still no word on Defense Minister. Iraqi government asks Parliament not to return the 2019 national budget for revision.
11-6-2018 Newshound Guru Breitling …Everything has changed for you and me as far as Iraq goes. Everything. Because as of today Iran is officially broke…they need money and if Iraq is blocking them from getting U.S. dollars…out of the Iraq economy then you’re going to see pressures from Iran because Iran has Iraqi dinar. That countdown is official today. Don’t get your underwear all bunched up in a wad…It’s not going to revalue tomorrow…I shouldn’t say that because nobody knows if it’s going to revalue…
11-6-2018 Intel Guru Frank26 [via Clare] Highlights: Iraq Social Media Hot right now... Reassuring Citizens, still going to lift the 3 zeros. Iran has Dinars...it looks like Iran is forcing Iraq to revalue their currency, with it's demand of payment for Electricity. 60% of Paris Club debt has been reduced...given reduction, for the RI of IQD! RI is fact occurring @ 1-1. Reduction will help with RV next year, the same way the ME Basket solidly formed will help the RV in 2019...it's a precursor... they are telling Iraq, go ahead join the international community. Alak will be named Gov. of CBI...comes from powerful, influential family...but not popular...BUT...the best of the worst. A lot of comments on CBI social media...would be nice to have official announcement of Alak, its a precursor, then ART 2 [2nd Article]. Art 2 is Coming!!! They are educating the citizens...looks good for November.
11-6-2018 Newshound/Intel Guru Mnt Goat Again I am telling everyone to STOP...watching for the completion of a single event then the RV will happen. How many events in the past do they attempt to peg the RV to that didn’t happen or happened and still we sit...It is now early November and so do NOT expect any reinstatement until at least EARLY 2019 (more likely in early January sometime)...
11-6-2018 Newshound/Intel Guru Mnt Goat Article: "APPEARANCE OF MOHAMMED SALEH: IRAQ AND THE WORLD TRADE ORGANIZATION" ...this is a very long article and so let me try to sum it up for you: Mohammed Saleh, the deputy financial advisor to the GOI, is assessing the opportunity cost of joining the WTO. Does Iraq really care about joining? He concludes that YES Iraq does want to join. ...The long path to WTO ascension is the ability to go along with the BIG guys and play their game since the markets are dominated by so few who control the entire international market; the long-term survival of Iraq depends on international trade, secure international investment and a commercial environment; one of the major obstacles is the INABILITY of a “strong payment program”. How they transfer funds (SWIFT system) and use of currency (currency reform).
11-6-2018 Newshound Guru David M. Witty Iraqi sources say PM Abdel-Mahdi will attempt to present 5 ministers to Parliament today & hopes to get vote of approval. Still no word on Defense Minister. Iraqi government asks Parliament not to return the 2019 national budget for revision.
11-6-2018 Newshound Guru Breitling …Everything has changed for you and me as far as Iraq goes. Everything. Because as of today Iran is officially broke…they need money and if Iraq is blocking them from getting U.S. dollars…out of the Iraq economy then you’re going to see pressures from Iran because Iran has Iraqi dinar. That countdown is official today. Don’t get your underwear all bunched up in a wad…It’s not going to revalue tomorrow…I shouldn’t say that because nobody knows if it’s going to revalue…
11-6-2018 Intel Guru Frank26 [via Clare] Highlights: Iraq Social Media Hot right now... Reassuring Citizens, still going to lift the 3 zeros. Iran has Dinars...it looks like Iran is forcing Iraq to revalue their currency, with it's demand of payment for Electricity. 60% of Paris Club debt has been reduced...given reduction, for the RI of IQD! RI is fact occurring @ 1-1. Reduction will help with RV next year, the same way the ME Basket solidly formed will help the RV in 2019...it's a precursor... they are telling Iraq, go ahead join the international community. Alak will be named Gov. of CBI...comes from powerful, influential family...but not popular...BUT...the best of the worst. A lot of comments on CBI social media...would be nice to have official announcement of Alak, its a precursor, then ART 2 [2nd Article]. Art 2 is Coming!!! They are educating the citizens...looks good for November.
11-6-2018 Newshound/Intel Guru Mnt Goat Again I am telling everyone to STOP...watching for the completion of a single event then the RV will happen. How many events in the past do they attempt to peg the RV to that didn’t happen or happened and still we sit...It is now early November and so do NOT expect any reinstatement until at least EARLY 2019 (more likely in early January sometime)...
11-5-2018 Newshound Guru MilitiaMan We are told that the AMF working with the likes of the World Bank, IMF, Germany, etc., have accomplished meetings and within those meetings we learned from WS [Guru Walkingstick] that they tried and tested the REER to a basket of currencies last Monday, about a week has passed since then... The article is telling us they have accomplished things and that they tell us that they were comprehensive in nature. Well, financial inclusion, is very important to those entities. Modernization is important to them and the Private Banks they are going to be doing business with in the reconstruction of Iraq. They will require Insurance Companies... Launch means to take off... As in they have set things in motion. That will require the new lower notes, imo.. That is imo where and how close we are. ...imo [post 2 of 2]
11-5-2018 Newshound Guru MilitiaMan Article: "Arab Monetary Fund: Cooperation with the Association of Iraqi private banks will be bigger in the future" This article is possibly one of the most powerful indicators of just how close we are now to the completion of Iraq's monetary and economic reforms. Key words that stirred my thinking are Private, as in Private Banks, Modern, as in Modern Financial Techniques, Inclusion, as in Financial Inclusion and Launch, as to go and reveal to the international environment or world and new Iraq and her new currency. [post 1 of 2....stay tuned]
11-5-2018 Newshound Guru chattels Articles: "Iraqi Parliament delays vote on open ministry positions until next Sunday." "Sources says Iraqi PM Abdel-Mahdi is prepared to resign if he continues to face opposition in forming his cabinet."
11-5-2018 Intel Guru Jester [...we forgot to ask you how the RV went yesterday on November 3rd.] NOW YOU KNOW WHY I DON'T GIVE OUT A DATE OR RATE... NO RETURN ON THE SITUATION THAT IS FAVORABLE AT ALL... HAHAHAH... AND IT WAS THE 3RD AND 4TH...AND THAT WINDOW IS STILL OPEN...THEORETICALLY...THE FACT OF THE MATTER IS THAT THERE ARE ALWAYS DATA POINTS... THINGS THEY LIKE TO DO THAT MAYBE DON'T WORK OUT RIGHT...IT HAS BEEN THAT WAY FOR SOME TIME NOW...WE GET THIS FEEDBACK AND WHEN LOTS OF DIFFERENT DIRECTIONS LINE UP POINTING TO THE SAME PLACE THEN IT LOOKS OKAY TO SAY...WELL MAYBE THIS WINDOW...
11-5-2018 Newshound Guru Kirk H. Sowell So we are now ten days into the new #Iraq govt of Adil Abd al-Mahdi, and it isn't going well so far. It looks like AAM will face two reverses in his first two weeks. The first is having to turn back on the 2019 budget...Abd al-Mahdi's other problem is that his effort to complete his cabinet isn't going well. Not only is there doubt about passing the remainder of nominations as scheduled tomorrow, but there are efforts to impeach up to four of the new 14 ministers.
11-5-2018 Intel Guru RayRen98 The CBI site was down for awhile today, but it's back to normal now. Apparently, today's leaders meeting in Baghdad garnered two more names to be considered for Madhi's cabinet on Tuesday's voting session. With six names now reported, only two remain to have the government fully seated even though the general thought that it is not necessary for a currency revalue. Time Will Tell!
11-5-2018 Newshound Guru Daytrader IMO, the oversight management of the economic reform process is the responsibility of the government. This suggests the success of the GOI economic reform process is dependent on the CBI reinstating the IQD to an international status at a legitimate rate, but the success of the monetary reform process is dependent on the success (read currency demand) of the economic reform. Would hope the CBI is now at this stage in the monetary reform process, as they hold the trigger mechanism in their hands for Iraq’s economic reform. IMO. [post 2 of 2]
11-5-2018 Newshound Guru Daytrader JMO, there are two reforms taking place in Iraq that are co-dependent; monetary reform and economic reform. The economic reform provides jobs on several levels...People with jobs earn money, then spend money in many areas; food, shelter, clothing and the list goes on. Those purchases will require businesses to replenish their stock, which drives the need for more product manufacturing, more raw material needs and more agriculture development. This circular process drives the flow of money in any economy. ...This process is critical for the CBI’s success as demand for a currency determines the effectiveness of a monetary reform program. However IMO, the CBI must reach a point in the monetary reform process where the value of its currency will attract direct foreign investment (DFI) as the trigger for economic reform. [post 1 of 2....stay tuned]
11-5-2018 Newshound Guru MilitiaMan Article: "Arab Monetary Fund: Cooperation with the Association of Iraqi private banks will be bigger in the future" This article is possibly one of the most powerful indicators of just how close we are now to the completion of Iraq's monetary and economic reforms. Key words that stirred my thinking are Private, as in Private Banks, Modern, as in Modern Financial Techniques, Inclusion, as in Financial Inclusion and Launch, as to go and reveal to the international environment or world and new Iraq and her new currency. [post 1 of 2....stay tuned]
11-5-2018 Newshound Guru chattels Articles: "Iraqi Parliament delays vote on open ministry positions until next Sunday." "Sources says Iraqi PM Abdel-Mahdi is prepared to resign if he continues to face opposition in forming his cabinet."
11-5-2018 Intel Guru Jester [...we forgot to ask you how the RV went yesterday on November 3rd.] NOW YOU KNOW WHY I DON'T GIVE OUT A DATE OR RATE... NO RETURN ON THE SITUATION THAT IS FAVORABLE AT ALL... HAHAHAH... AND IT WAS THE 3RD AND 4TH...AND THAT WINDOW IS STILL OPEN...THEORETICALLY...THE FACT OF THE MATTER IS THAT THERE ARE ALWAYS DATA POINTS... THINGS THEY LIKE TO DO THAT MAYBE DON'T WORK OUT RIGHT...IT HAS BEEN THAT WAY FOR SOME TIME NOW...WE GET THIS FEEDBACK AND WHEN LOTS OF DIFFERENT DIRECTIONS LINE UP POINTING TO THE SAME PLACE THEN IT LOOKS OKAY TO SAY...WELL MAYBE THIS WINDOW...
11-5-2018 Newshound Guru Kirk H. Sowell So we are now ten days into the new #Iraq govt of Adil Abd al-Mahdi, and it isn't going well so far. It looks like AAM will face two reverses in his first two weeks. The first is having to turn back on the 2019 budget...Abd al-Mahdi's other problem is that his effort to complete his cabinet isn't going well. Not only is there doubt about passing the remainder of nominations as scheduled tomorrow, but there are efforts to impeach up to four of the new 14 ministers.
11-5-2018 Intel Guru RayRen98 The CBI site was down for awhile today, but it's back to normal now. Apparently, today's leaders meeting in Baghdad garnered two more names to be considered for Madhi's cabinet on Tuesday's voting session. With six names now reported, only two remain to have the government fully seated even though the general thought that it is not necessary for a currency revalue. Time Will Tell!
11-5-2018 Newshound Guru Daytrader IMO, the oversight management of the economic reform process is the responsibility of the government. This suggests the success of the GOI economic reform process is dependent on the CBI reinstating the IQD to an international status at a legitimate rate, but the success of the monetary reform process is dependent on the success (read currency demand) of the economic reform. Would hope the CBI is now at this stage in the monetary reform process, as they hold the trigger mechanism in their hands for Iraq’s economic reform. IMO. [post 2 of 2]
11-5-2018 Newshound Guru Daytrader JMO, there are two reforms taking place in Iraq that are co-dependent; monetary reform and economic reform. The economic reform provides jobs on several levels...People with jobs earn money, then spend money in many areas; food, shelter, clothing and the list goes on. Those purchases will require businesses to replenish their stock, which drives the need for more product manufacturing, more raw material needs and more agriculture development. This circular process drives the flow of money in any economy. ...This process is critical for the CBI’s success as demand for a currency determines the effectiveness of a monetary reform program. However IMO, the CBI must reach a point in the monetary reform process where the value of its currency will attract direct foreign investment (DFI) as the trigger for economic reform. [post 1 of 2....stay tuned]
11-4-2018 Intel Guru RayRen98 Iraq has requested permission to ignore some of the US imposed sanctions against Iran in order to continue their import trade relations. US dollars will not be involved in the transactions, only Iraqi Dinars. PM Madhi only has four candidates for Tuesday's Parliament session. He has postponed selecting the other four to complete a seated cabinet. Leaders in Baghdad are holding a meeting today (Sunday) demanding that PM Mahdi announce all eight of his cabinet selectees. Kurdistan regional Parliament will hold it's first official meeting on Tuesday.
11-4-2018 Intel Guru Frank26 SOMETIME AROUND SUNDAY OR INTO NEXT WEEK THE CBI HAS TO MAKE A MOVE WITH THE AUCTIONS BECAUSE IMO...ON SUNDAY THE SANCTIONS AGAINST IRAN START. THE THIRD QUARTER...IMO...HAS BEEN TO TELL THE INTERNATIONAL WORLD THAT THEY ARE ABOUT TO LIFT THE 000’S AND IN THIS MONTH OF NOVEMBER...GOD WILLING IN THE NEXT TWO WEEKS...THE TIME FRAME WHERE THE EDUCATION TO THE CITIZENS WILL COME TO A CRESCENDO!!!
11-4-2018 Newshound Guru MilitiaMan So since the currency has been a main topic for about 30 days or more now, it would suggest that since the timing of REER (Real Effective Exchange Rate) is an issue, the final roll out on the new small currency would be expected to be along quite shortly.. imo. It was mentioned that REER was established on Monday last for a basket, it has almost been a week for REER..imo The clock is not just ticking...lol. [post 2 of 2]
11-4-2018 Newshound Guru MilitiaMan Article: "Iran braces for oil sanctions after currency crash, protests" ...think about what you're seeing between Iraq and Iran...Where I may disagree with Iran being specifically included now or into the future basket of middle east currencies matters not, the basket ...has been calculated now per WS [Guru Walkingstick] (evidence from recent meetings, imo) and that means to me they have risk on the table and thus, a timeline... to expose that calculation to the world is on the table now. We all know things can get volatile in the ME on a drop of a dinarius. Therefore, those part of the boat load of entities in Iraq last month were there for significant time frames...They were there for the valuation of currency and advance training of the trainers for the Iraq Currency imo, just as there was a preceding symposium weeks before in regard to the Iraq currency. [post 1 of 2....stay tuned]
11-4-2018 Intel Guru Delta Article: "Exceeded one billion dollars .. Tehran demands Baghdad to accelerate the payment of electricity debts" HUGE ARTICLE ...IRAQ CAN'T PAY IRAN IN DOLLARS ANY MORE.... ONLY OPTION IS DINARS ...SO THEY HAVE TO PAY IRAN 1 BILLION $ ASAP...AT THIS RATE THEY HAVE TO PAY THEM 1 TRILLION DINAR...
11-4-2018 Intel Guru Frank26 SOMETIME AROUND SUNDAY OR INTO NEXT WEEK THE CBI HAS TO MAKE A MOVE WITH THE AUCTIONS BECAUSE IMO...ON SUNDAY THE SANCTIONS AGAINST IRAN START. THE THIRD QUARTER...IMO...HAS BEEN TO TELL THE INTERNATIONAL WORLD THAT THEY ARE ABOUT TO LIFT THE 000’S AND IN THIS MONTH OF NOVEMBER...GOD WILLING IN THE NEXT TWO WEEKS...THE TIME FRAME WHERE THE EDUCATION TO THE CITIZENS WILL COME TO A CRESCENDO!!!
11-4-2018 Newshound Guru MilitiaMan So since the currency has been a main topic for about 30 days or more now, it would suggest that since the timing of REER (Real Effective Exchange Rate) is an issue, the final roll out on the new small currency would be expected to be along quite shortly.. imo. It was mentioned that REER was established on Monday last for a basket, it has almost been a week for REER..imo The clock is not just ticking...lol. [post 2 of 2]
11-4-2018 Newshound Guru MilitiaMan Article: "Iran braces for oil sanctions after currency crash, protests" ...think about what you're seeing between Iraq and Iran...Where I may disagree with Iran being specifically included now or into the future basket of middle east currencies matters not, the basket ...has been calculated now per WS [Guru Walkingstick] (evidence from recent meetings, imo) and that means to me they have risk on the table and thus, a timeline... to expose that calculation to the world is on the table now. We all know things can get volatile in the ME on a drop of a dinarius. Therefore, those part of the boat load of entities in Iraq last month were there for significant time frames...They were there for the valuation of currency and advance training of the trainers for the Iraq Currency imo, just as there was a preceding symposium weeks before in regard to the Iraq currency. [post 1 of 2....stay tuned]
11-4-2018 Intel Guru Delta Article: "Exceeded one billion dollars .. Tehran demands Baghdad to accelerate the payment of electricity debts" HUGE ARTICLE ...IRAQ CAN'T PAY IRAN IN DOLLARS ANY MORE.... ONLY OPTION IS DINARS ...SO THEY HAVE TO PAY IRAN 1 BILLION $ ASAP...AT THIS RATE THEY HAVE TO PAY THEM 1 TRILLION DINAR...
11-3-2018 Newshound Guru chattels Article quote: "The exchange rate of the dollar, Saturday, maintained its stability against the dinar on the Iraqi stock exchange. According to figures received by "Economy News", the price of selling the dollar in the stock market today is 120 thousand dinars and the purchase price 121 thousand dinars to 100 dollars. On the Basra Stock Exchange, the sale price today reached 120 thousand dinars, and the purchase price 121 thousand dinars to 100 dollars. While the sale price of the dollar on the Arbil Stock Exchange today 120 thousand dinars, and the purchase price 121 thousand dinars to 100 dollars."
11-3-2018 Newshound/Intel Guru Mnt Goat The new Iranian sanctions that are due to kick-in in a few days and this may be our saving grace. These sanctions may force the issue of preventing USD currency through the currency auction sales from going to Iran. This may override any other (fake) “security” concerns and so may finally allow the cancellation of the auctions and the use of the dinar in trade. If this happens, they must pull the trigger and go international (at least this is my take) as they will have no choice.
11-3-2018 Guest Guru Sunkissed [Donald Trump seems confident...in the possibility of repaying the public debt that has exceeded the $ 20 trillion mark in a short time...] It has been rumored that the UST holds approximately 7 Trillion IQD. If the dinar came out the gate near 3:1 the exchange could pay off the US National debt...or even if they waited for the RV for sure! In my opinion, of course. Also, it has been said that the Paris Club forgave $100 Billion in debt to Iraq. The USA could (potentially) forgive the Iraq debt and still exchange the IQD we potentially hold, and pay off the National debt. in my opinion also...
11-3-2018 Newshound/Intel Guru Mnt Goat The new Iranian sanctions that are due to kick-in in a few days and this may be our saving grace. These sanctions may force the issue of preventing USD currency through the currency auction sales from going to Iran. This may override any other (fake) “security” concerns and so may finally allow the cancellation of the auctions and the use of the dinar in trade. If this happens, they must pull the trigger and go international (at least this is my take) as they will have no choice.
11-3-2018 Guest Guru Sunkissed [Donald Trump seems confident...in the possibility of repaying the public debt that has exceeded the $ 20 trillion mark in a short time...] It has been rumored that the UST holds approximately 7 Trillion IQD. If the dinar came out the gate near 3:1 the exchange could pay off the US National debt...or even if they waited for the RV for sure! In my opinion, of course. Also, it has been said that the Paris Club forgave $100 Billion in debt to Iraq. The USA could (potentially) forgive the Iraq debt and still exchange the IQD we potentially hold, and pay off the National debt. in my opinion also...
11-2-2018 Newshound/Intel Guru Mnt Goat ...I want to say it is impossible to revalue the dinar until Iraq has at least first reinstated the dinar. ...So we are looking for a “reinstatement” first. Any significant change in value beyond the value prior to the international embargo of the currency can then be called a revaluation but only in the sense of increased value. Technically in IMF terms it is NOT really a “revaluation”. So why does everyone keep saying they are looking for the RV? When I use this term RV I am using it generically saying that the rate will significantly increase. I do not mean a formal revaluation.
11-2-2018 Newshound/Intel Guru Mnt Goat ...news of some debt forgiveness of the 2004 Paris Agreement and meeting the conditions of the IMF Stand By Agreement terms is completed in order to do so. This is a huge sum of money ($128 billion) and once again sets Iraq up in a position allowing them more financial flexibility. As we all know paying off past debt, especially war debt, is showing financial responsibility and this sets up Iraq in a better position for the reinstatement of the dinar sooner than later. But I do not hear that this is a trigger mechanism for the reinstatement.
11-2-2018 Intel Guru Bruce ...I was feeling really good about what was supposed to occur for us last night [Wednesday]. I will tell you why, and this vindicates me somewhat. Guess what did happen...over Halloween night? China started. China got this ball started with the GCR in Asia, in China, in Hong Kong...They started with exchanges. They started paying out, and we are sitting here with a very slow rollout at playing catch up now. ...What it tells us is we were ready to go...We are still in a process here of a rollout. There are things happening as we speak...We been told by HSBC London that we are under a let’s call it High Alert Status...
11-2-2018 Newshound/Intel Guru Mnt Goat ...news of some debt forgiveness of the 2004 Paris Agreement and meeting the conditions of the IMF Stand By Agreement terms is completed in order to do so. This is a huge sum of money ($128 billion) and once again sets Iraq up in a position allowing them more financial flexibility. As we all know paying off past debt, especially war debt, is showing financial responsibility and this sets up Iraq in a better position for the reinstatement of the dinar sooner than later. But I do not hear that this is a trigger mechanism for the reinstatement.
11-2-2018 Intel Guru Bruce ...I was feeling really good about what was supposed to occur for us last night [Wednesday]. I will tell you why, and this vindicates me somewhat. Guess what did happen...over Halloween night? China started. China got this ball started with the GCR in Asia, in China, in Hong Kong...They started with exchanges. They started paying out, and we are sitting here with a very slow rollout at playing catch up now. ...What it tells us is we were ready to go...We are still in a process here of a rollout. There are things happening as we speak...We been told by HSBC London that we are under a let’s call it High Alert Status...
11-1-2018 Newshound Guru MilitiaMan On a slightly different path we see working in conjunction with Iraq, we did see the AMF with Iraq that ended a 10 day meeting...last Thursday. It was between Iraq and the AMF among others like the IMF, WB, BIS, etc.. Why is this all important...Contracts. The AMF (22 countries), Kuwait, USA, Great Britain, Japan, Korea, etc., were working on imo valuation of the REER to use for to adjust contracts. Very important part of the final process.. They need to establish Fair Value for pricing goods and services.
11-1-2018 Newshound Guru Kaperoni [When are they [IMF] going to review Iraq’s situation again I wonder] Once the government is fully formed. I would expect we will hear within a month.
11-1-2018 Newshound Guru Adam Montana [How much more do you think Iraq needs to achieve or put into place before they can reveal their true rate of exchange? I'm sure the list has shrunk dramatically.] Dramatically indeed - if we don't have any solid movement after the GOI is seated, I will be doing a more comprehensive post on the subject. Since that may not be necessary, let's just see what the next week brings us.
11-1-2018 Newshound Guru MilitiaMan Quote: "The next phase of currency reform is the conversion from old cash currency to new. The authorities must decide—at first privately—when the currency exchange will begin, when it will end, and whether or not to cap, in absolute terms, the amount to be exchanged. Then, decisions on the announcement of and publicity for the currency exchange must be made. Other essential decisions include the conversion rate and how financial assets, resident/nonresident accounts, and existing currency contracts will be treated in the currency exchange." They tell us above that those in charge of MR must decide when the exchange will begin, when it will end, etc,. They also mention the conversion rate and how it will effect other things like currency contracts and how they are to be treated in the currency exchange. This is at the end of the process as noted in the Turkmenistan model. At this final phase is at the time when they first privately, then eventually publicly say when they will do it and at what conversion rate. Hence, we await the "" 2nd Article"".. So why do I bring this back up again? Well, today we see them talking about contracts.. Part of the final phase, imo.. That is why I do.
11-1-2018 Intel Guru ADMINBILL ...Much has been leaked through banking and government sources that continue to be false flags for purposes known only to those that initiate them. That does not mean they are incorrect. Imo, what they share is meant for those that are the bankers, lawyers and agencies that will make the RV/GCR process happen when the release is activated. Perhaps it is one of the continual preparatory drills to make absolutely sure all agencies and organizations are in sync and ready to go at a moment's notice. And perhaps it is a way of making sure we are ready as well.
11-1-2018 Newshound/Intel Guru Mnt Goat So in today’s news we see one matter announced on Monday that Iraq has withdrawn from the FATF monitoring list after it has fulfilled its international obligations in the field of combating money laundering and terrorist financing. They have now moved to the “white list”. This can only help in the getting the reinstatement since why did the UN sanction the currency in the first place? Was it not for money laundering and financing terrorists? So this is now all taken care of and no longer an obstacle. So the CBI can no longer use this as an excuse as to why they are not reinstating the dinar.
11-1-2018 Newshound Guru Kaperoni [When are they [IMF] going to review Iraq’s situation again I wonder] Once the government is fully formed. I would expect we will hear within a month.
11-1-2018 Newshound Guru Adam Montana [How much more do you think Iraq needs to achieve or put into place before they can reveal their true rate of exchange? I'm sure the list has shrunk dramatically.] Dramatically indeed - if we don't have any solid movement after the GOI is seated, I will be doing a more comprehensive post on the subject. Since that may not be necessary, let's just see what the next week brings us.
11-1-2018 Newshound Guru MilitiaMan Quote: "The next phase of currency reform is the conversion from old cash currency to new. The authorities must decide—at first privately—when the currency exchange will begin, when it will end, and whether or not to cap, in absolute terms, the amount to be exchanged. Then, decisions on the announcement of and publicity for the currency exchange must be made. Other essential decisions include the conversion rate and how financial assets, resident/nonresident accounts, and existing currency contracts will be treated in the currency exchange." They tell us above that those in charge of MR must decide when the exchange will begin, when it will end, etc,. They also mention the conversion rate and how it will effect other things like currency contracts and how they are to be treated in the currency exchange. This is at the end of the process as noted in the Turkmenistan model. At this final phase is at the time when they first privately, then eventually publicly say when they will do it and at what conversion rate. Hence, we await the "" 2nd Article"".. So why do I bring this back up again? Well, today we see them talking about contracts.. Part of the final phase, imo.. That is why I do.
11-1-2018 Intel Guru ADMINBILL ...Much has been leaked through banking and government sources that continue to be false flags for purposes known only to those that initiate them. That does not mean they are incorrect. Imo, what they share is meant for those that are the bankers, lawyers and agencies that will make the RV/GCR process happen when the release is activated. Perhaps it is one of the continual preparatory drills to make absolutely sure all agencies and organizations are in sync and ready to go at a moment's notice. And perhaps it is a way of making sure we are ready as well.
11-1-2018 Newshound/Intel Guru Mnt Goat So in today’s news we see one matter announced on Monday that Iraq has withdrawn from the FATF monitoring list after it has fulfilled its international obligations in the field of combating money laundering and terrorist financing. They have now moved to the “white list”. This can only help in the getting the reinstatement since why did the UN sanction the currency in the first place? Was it not for money laundering and financing terrorists? So this is now all taken care of and no longer an obstacle. So the CBI can no longer use this as an excuse as to why they are not reinstating the dinar.
10-31-2018 Newshound Guru Adam Montana At the moment, I am content to wait for things to unfold - we have some important dates upcoming, and I foresee a holding pattern until the GOI is fully formed. On the positive side... I have nothing negative to report...November 6 is a good day to watch for... it should be apparent at that time what the missing component is (which Government position), which will give us a very decent clue about what we can expect in the coming days. Regarding the upcoming sanctions [Iran]...I'm glad they are prior to November 6th - that should streamline any effects that they may have. ...Where the sanctioned parties may experience a weakening, Iraq has a great opportunity to gain strength. For that reason alone, we could have a nice window just ahead!
10-31-2018 Newshound/Intel Guru Mnt Goat The news is slow from Iraq since Monday and Tuesday were official holidays. Now they go back to work, however parliament is not expected back until Nov 6th. Anyhow I would not stake any RV on any trigger completion of Mahdi’s new government in this next session anyhow since we also heard that it is not a critical matter anymore and the last set of ministers are picked and all agreed on them already...the only target I know of is of EARLY 2019. The CBI did want to move ahead with the reinstatement in the month of October but could not do so due to not resolving many matters as they thought they could.
10-31-2018 Intel Guru Bruce Here is where we are. You guys know that even though it seems that Iraq used to be the linch pin. Now they are sort of the hinge pin. Now China is the linch pin. China wants this thing done, and they have in essence moved this up a day or so for us. That is very positive...really good news. So let me tell you Iraq is in the picture though. ...we are expecting all the rates of the main currencies that we...hold to come up on the screen around by midnight, by or before midnight [Tuesday]...The Dinar will have an in-country rate which is well over $4 now. Whatever it gets to in-country meaning the rate within Iraq, we will have a higher rate on our front screen than what they will have in-country. It could be almost doubled than what they have in-country in that range approximately. What is interesting is they are getting in preparation for everything to go. ...You are in a very close and good place provided everything rolls according to plan, I think we are right there, right where we need to be.
10-31-2018 Intel Guru RayRen98 Abdul Amir Taiban, deputy of the Fatah alliance, stated that the remaining 8 cabinet selectees will be voted and accepted at the next session of the House of Representatives.
10-31-2018 Newshound/Intel Guru Mnt Goat The news is slow from Iraq since Monday and Tuesday were official holidays. Now they go back to work, however parliament is not expected back until Nov 6th. Anyhow I would not stake any RV on any trigger completion of Mahdi’s new government in this next session anyhow since we also heard that it is not a critical matter anymore and the last set of ministers are picked and all agreed on them already...the only target I know of is of EARLY 2019. The CBI did want to move ahead with the reinstatement in the month of October but could not do so due to not resolving many matters as they thought they could.
10-31-2018 Intel Guru Bruce Here is where we are. You guys know that even though it seems that Iraq used to be the linch pin. Now they are sort of the hinge pin. Now China is the linch pin. China wants this thing done, and they have in essence moved this up a day or so for us. That is very positive...really good news. So let me tell you Iraq is in the picture though. ...we are expecting all the rates of the main currencies that we...hold to come up on the screen around by midnight, by or before midnight [Tuesday]...The Dinar will have an in-country rate which is well over $4 now. Whatever it gets to in-country meaning the rate within Iraq, we will have a higher rate on our front screen than what they will have in-country. It could be almost doubled than what they have in-country in that range approximately. What is interesting is they are getting in preparation for everything to go. ...You are in a very close and good place provided everything rolls according to plan, I think we are right there, right where we need to be.
10-31-2018 Intel Guru RayRen98 Abdul Amir Taiban, deputy of the Fatah alliance, stated that the remaining 8 cabinet selectees will be voted and accepted at the next session of the House of Representatives.
10-30-2018 Newshound/Intel Guru Mnt Goat Article: "THE ECONOMIC COUNCIL STRESSES THE IMPORTANCE OF IRAQ’S TRANSITION TO THE FREE ECONOMY AND STRESSES: INVESTMENT IS THE SOLUTION" Quote: “THE INVESTMENT LAW IS THEORETICALLY MORE THAN GOOD, BUT OUR PROBLEM IS IN THE IMPLEMENTATION.” The question now is – Will they finally move too a market economy and private sector to attract investors under Mahdi or just talk about it again during this administration? This is also part of the reforms necessary to move forward. The CBI can not move ahead with the project to delete the zeros without these reforms implemented. This is also part of what they told us was a “more suitable environment” for the project to occur. So if you are expecting any RV in November or even in December I would not hold my breath...lol..!
10-30-2018 Newshound Guru MilitiaMan WS also told us there would be a hard peg. That means to me/us/others they will come out strong and keep it there!! That will represent stability and security... Just what a new currency needs to have!! Therefore, coming out low could be rife with shorting, market manipulations as the lower the rate the easier it is to do so. Imo they will not ever be 1:1 with the dollar where we in the USA could sell the IQD back for. I/we/others have strong feelings about the rate being back to or well above the glory days. They have told us they wanted to do it at that level many times...The stronger they come out, the less risk the country has not to mention they’ll get imo a credit rating boost to go along with it...So, to me and others in my line of thinking support the view of WS, and my long standing point, “the longer it takes the more money we make.” Lol. We shall see... imo. [post 2 of 2]
10-30-2018 Newshound Guru MilitiaMan ...with what we have learned from WS [Guru Walkingstick] the rate is going to be effectively in a range that is based on a mixture of the AMF / AAD and the IMF / SDR 3x. The latest loan issued by the AMF in summer of 2017 was around $4.25 - $4.35 / 1 AAD and the AMF / SDR $1.42 3x = $4.26 on the daily rate they use, if I am accurate. If they use the monthly rate of the SDR of approx. $1.95 3x = $5.85...All those numbers or ranges are easily supported by Iraq's wealth. ioo...WS brought us the formula relatively recent time past. I trust his opinion on the matter somewhat knowing where and what his connection is and to whom. So the AMF / AAD - IMF / SDR 3x relationship meets that criteria and is competitive to surrounding nations in the AMF. ~ imo. [post 1 of 2....stay tuned]
10-30-2018 Intel Guru Frank26 IRAQ: We are a trading HUB... on Nov. 4th, Washington DC told Iraq to Sanction Iran & All Foreign Currency ...CBI Does not want worthless currency with no value...no swaps ...no auctions...US has told Iraq to Sanction Iran...Iraq is sending a message to D.C., Fantasic 4, that they obey! ...Iraq starts sanctions before Nov. 4th as commanded by those in control... ATM's no longer disperse Foreign Currency...New ATM's ONLY disperse IQD & soon a new category note...Iraq says our National Currency will soon have value and we will only use our National Currency, which will soon have value for the world!...As of today 4-6 Timeframe @ 3 week mark...TF is on track...furthermore in Frank's opinion...before years end... what we should see in the remainder of TF should not be shocking because they are getting ready...they already told the citizens.
10-30-2018 Newshound Guru MilitiaMan The amount of logistics to get all that done, all the people, hotels, gifts, training, etc, and with all those big players will go down as darn near nothing but, miraculous, imo. With that said...I, others, believe this is such a very bullish time frame is because the REER ( Real Effective Exchange Rate) is time sensitive, ioo.(in our opinion). The REER was done Thursday last real close and for them to get the rate done, it cant be much longer for us to wait, as the margin of error in the rate becomes ioo an issue, as the rate could change and that would effect a lot of countries... Therefore, the window we are in now this week thru Monday-ish next week is serious to us...nothing shows us that they are going out to next year... Nor much into November for that matter... imo. [post 2 of 2]
10-30-2018 Newshound Guru MilitiaMan ...Last week we witnessed a convergence of many things. The week prior there was the symposium with Banks and financial institutions in regard to the Iraqi Currency. WS's (Guru Walkingstick's) firm was in the meeting. The following week we see the AMF (Arab Monetary Fund) in a series of meetings with Iraq helping with the MR (Monetary Reform) along, in conjunction with the likes of the WB, IMF, UST and BIS. Basra Boyz also confirmed the BIS was there... WS tells us they tried and tested the rate and they were successful. The success was the Real Effective Exchange Rate. So not only the AMF met, there were high level training of the trainers while they had the fabulous 4 in country. They did all that and seated the GOI on time too. [post 1 of 2....stay tuned]
10-30-2018 Newshound Guru MilitiaMan WS also told us there would be a hard peg. That means to me/us/others they will come out strong and keep it there!! That will represent stability and security... Just what a new currency needs to have!! Therefore, coming out low could be rife with shorting, market manipulations as the lower the rate the easier it is to do so. Imo they will not ever be 1:1 with the dollar where we in the USA could sell the IQD back for. I/we/others have strong feelings about the rate being back to or well above the glory days. They have told us they wanted to do it at that level many times...The stronger they come out, the less risk the country has not to mention they’ll get imo a credit rating boost to go along with it...So, to me and others in my line of thinking support the view of WS, and my long standing point, “the longer it takes the more money we make.” Lol. We shall see... imo. [post 2 of 2]
10-30-2018 Newshound Guru MilitiaMan ...with what we have learned from WS [Guru Walkingstick] the rate is going to be effectively in a range that is based on a mixture of the AMF / AAD and the IMF / SDR 3x. The latest loan issued by the AMF in summer of 2017 was around $4.25 - $4.35 / 1 AAD and the AMF / SDR $1.42 3x = $4.26 on the daily rate they use, if I am accurate. If they use the monthly rate of the SDR of approx. $1.95 3x = $5.85...All those numbers or ranges are easily supported by Iraq's wealth. ioo...WS brought us the formula relatively recent time past. I trust his opinion on the matter somewhat knowing where and what his connection is and to whom. So the AMF / AAD - IMF / SDR 3x relationship meets that criteria and is competitive to surrounding nations in the AMF. ~ imo. [post 1 of 2....stay tuned]
10-30-2018 Intel Guru Frank26 IRAQ: We are a trading HUB... on Nov. 4th, Washington DC told Iraq to Sanction Iran & All Foreign Currency ...CBI Does not want worthless currency with no value...no swaps ...no auctions...US has told Iraq to Sanction Iran...Iraq is sending a message to D.C., Fantasic 4, that they obey! ...Iraq starts sanctions before Nov. 4th as commanded by those in control... ATM's no longer disperse Foreign Currency...New ATM's ONLY disperse IQD & soon a new category note...Iraq says our National Currency will soon have value and we will only use our National Currency, which will soon have value for the world!...As of today 4-6 Timeframe @ 3 week mark...TF is on track...furthermore in Frank's opinion...before years end... what we should see in the remainder of TF should not be shocking because they are getting ready...they already told the citizens.
10-30-2018 Newshound Guru MilitiaMan The amount of logistics to get all that done, all the people, hotels, gifts, training, etc, and with all those big players will go down as darn near nothing but, miraculous, imo. With that said...I, others, believe this is such a very bullish time frame is because the REER ( Real Effective Exchange Rate) is time sensitive, ioo.(in our opinion). The REER was done Thursday last real close and for them to get the rate done, it cant be much longer for us to wait, as the margin of error in the rate becomes ioo an issue, as the rate could change and that would effect a lot of countries... Therefore, the window we are in now this week thru Monday-ish next week is serious to us...nothing shows us that they are going out to next year... Nor much into November for that matter... imo. [post 2 of 2]
10-30-2018 Newshound Guru MilitiaMan ...Last week we witnessed a convergence of many things. The week prior there was the symposium with Banks and financial institutions in regard to the Iraqi Currency. WS's (Guru Walkingstick's) firm was in the meeting. The following week we see the AMF (Arab Monetary Fund) in a series of meetings with Iraq helping with the MR (Monetary Reform) along, in conjunction with the likes of the WB, IMF, UST and BIS. Basra Boyz also confirmed the BIS was there... WS tells us they tried and tested the rate and they were successful. The success was the Real Effective Exchange Rate. So not only the AMF met, there were high level training of the trainers while they had the fabulous 4 in country. They did all that and seated the GOI on time too. [post 1 of 2....stay tuned]
10-29-2018 Intel Guru RayRen98 US banks can’t “call” the RV, but they’re still expectant about this week! According to the CBI – “A stable country with a stable government = change in value of the country’s currency.” N’estce pas? The CBI has already acknowledged “a stable country financially” and now we await their declaration of “a stable government.” (which seems to now exist)
10-29-2018 Intel Guru Frank26 [Can a national currency exist on program rate?] YES A NATIONAL CURRENCY CAN EXIST ON A PR IN COUNTRY BUT...AN INTERNATIONAL CURRENCY CANNOT EXIST ON A PR OUTSIDE OF THE COUNTRY.
10-29-2018 Newshound/Intel Guru Mnt Goat We can see the news from Iraq is slow once again. We are at another lull. As far as the elections go we are waiting for early November to get the rest of the ministers but most importantly to see who is going to be the next three Vice Presidents...Remember the Sadr Movement does not want any old politicians in this new government. So the chances of having the Nori al-Maliki or the other two VPs back in the VP positions is slim to none. However, we must consider Maliki and his goons will continue to try and try right up until the announcement and vote in parliament. ...Iraqi is now putting the emphasis again back on the economy, the 2019 budget and the implementation of the “Investment Law”.
10-29-2018 Newshound Guru MilitiaMan Article: "Iran's economic minister: America implemented its ban before November 4" Looks like they shut down Iran currency swaps / auctions??? USA implements sanctions early, thus, Iraq has obliged by not trading dollars and apparently Dinars, as they would more likely loose as the sanctions take effect, thus, they shut it down.. Wow! imo.
10-29-2018 Newshound Guru Currency365 Breaking President Trump Implements Sanctions on Iran Before November 4th...
10-29-2018 Intel Guru RayRen98 Iraqi TV is reporting that new PM Abdul Madhi is not under any time constraints to complete the remaining 8 cabinet positions but also sharing that names may be presented at the November 6 meeting for consideration.
10-29-2018 Newshound Guru MilitiaMan Well by turning off Iran today real close (possibly days ago), they won't let them use the old IQD nor the New IQD, and or the USD per sanctions that apparently are in place early, and they don't have the new IQD yet.. Fascinating, if that holds true. The new currency looks to be the trigger point to seriously put the squeeze on... If the Iranians can't use the old and don't have the new, they'll not benefit from the new Real Effective Exchange Rate for the New IQD. Man, if that holds true, there are going to be some folks feeling a lot of economic pain... Imagine, your seating on 10 million IQD and in Iran? Can't spend them or exchange them for USD nor New IQD...They are effectively worthless to those imposed by sanctions.. imo! [post 2 of 2]
10-29-2018 Newshound Guru MilitiaMan If they are adopting, the predominant medium of exchange for the purchasing of services, goods, then the sovereign nation and her currency will need 1 interdependent, yet, national rate. Here are some things that suggest that we are well beyond that time now. ...As we have been told the calculations have been done already. The symposium introduced to those in the need to know (albeit with reservations on what can or cannot be disclosed publicly, i.e., smalls, coins, rate, when...) about the lower denoms, 250, 500 and 1000 with new security features, publicly. There was an article about the high level training of the trainers (trained on the new). Well they did that over a ten day period that finished up this last Thursday. ...They have had training on the new currency to becoming out in the Month of October they told us per articles. [post 1 of 2....stay tuned]
10-29-2018 Intel Guru Frank26 [Can a national currency exist on program rate?] YES A NATIONAL CURRENCY CAN EXIST ON A PR IN COUNTRY BUT...AN INTERNATIONAL CURRENCY CANNOT EXIST ON A PR OUTSIDE OF THE COUNTRY.
10-29-2018 Newshound/Intel Guru Mnt Goat We can see the news from Iraq is slow once again. We are at another lull. As far as the elections go we are waiting for early November to get the rest of the ministers but most importantly to see who is going to be the next three Vice Presidents...Remember the Sadr Movement does not want any old politicians in this new government. So the chances of having the Nori al-Maliki or the other two VPs back in the VP positions is slim to none. However, we must consider Maliki and his goons will continue to try and try right up until the announcement and vote in parliament. ...Iraqi is now putting the emphasis again back on the economy, the 2019 budget and the implementation of the “Investment Law”.
10-29-2018 Newshound Guru MilitiaMan Article: "Iran's economic minister: America implemented its ban before November 4" Looks like they shut down Iran currency swaps / auctions??? USA implements sanctions early, thus, Iraq has obliged by not trading dollars and apparently Dinars, as they would more likely loose as the sanctions take effect, thus, they shut it down.. Wow! imo.
10-29-2018 Newshound Guru Currency365 Breaking President Trump Implements Sanctions on Iran Before November 4th...
10-29-2018 Intel Guru RayRen98 Iraqi TV is reporting that new PM Abdul Madhi is not under any time constraints to complete the remaining 8 cabinet positions but also sharing that names may be presented at the November 6 meeting for consideration.
10-29-2018 Newshound Guru MilitiaMan Well by turning off Iran today real close (possibly days ago), they won't let them use the old IQD nor the New IQD, and or the USD per sanctions that apparently are in place early, and they don't have the new IQD yet.. Fascinating, if that holds true. The new currency looks to be the trigger point to seriously put the squeeze on... If the Iranians can't use the old and don't have the new, they'll not benefit from the new Real Effective Exchange Rate for the New IQD. Man, if that holds true, there are going to be some folks feeling a lot of economic pain... Imagine, your seating on 10 million IQD and in Iran? Can't spend them or exchange them for USD nor New IQD...They are effectively worthless to those imposed by sanctions.. imo! [post 2 of 2]
10-29-2018 Newshound Guru MilitiaMan If they are adopting, the predominant medium of exchange for the purchasing of services, goods, then the sovereign nation and her currency will need 1 interdependent, yet, national rate. Here are some things that suggest that we are well beyond that time now. ...As we have been told the calculations have been done already. The symposium introduced to those in the need to know (albeit with reservations on what can or cannot be disclosed publicly, i.e., smalls, coins, rate, when...) about the lower denoms, 250, 500 and 1000 with new security features, publicly. There was an article about the high level training of the trainers (trained on the new). Well they did that over a ten day period that finished up this last Thursday. ...They have had training on the new currency to becoming out in the Month of October they told us per articles. [post 1 of 2....stay tuned]
10-28-2018 Intel Guru Frank26 Article quote: "A report by the Central Bank of Iran, which was published on its official website, pointed out that Iraq rejected the proposal of the Iranian authority on the extradition of foreign currencies and national "Iraqi dinar" for reasons related to US sanctions on Iran and security." IMO ...SINCE THE START OF THE MR OF THE IQD...THE CBI AND GOI HAVE SOUGHT SECURITY AND STABILITY IN THEIR COUNTRY. TO STOP THE TERRORISM THAT IRAN FUNDS INSIDE AND AROUND IRAQ. TO STOP IRAN'S CONTROL OF THE GOVERNMENT OF IRAQ. IMO...THAT MISSION HAS BEEN ACCOMPLISHED TO A TOLERABLE LEVEL OF IRAQ'S CONTROL NOW. ALLOWING ...IMO ...THE IQD'S MR TO COME FORTH...NOW.
10-28-2018 Intel/Newshound Guru RVAlready [New Guru] I wish they would kick the RV across the finish line. I am pretty sure everything is ready now. There are no reasons not to do it, and plenty of reasons to do it now… I am of the mind that they will do it soon, or lose the chance, and never do it. Kind of now or never in my mind… They would not have bothered to show the new bills and coins last week, if they were not going to do it…To me, this feels like the quiet before the storm.
10-28-2018 Intel Guru RayRen98 Mahdi sworn in. Took place on Thursday. Has a constitutional government with 14 ministers. The other ministers are to be sworn in at their next session. Could be tomorrow [Sunday] but said 6th of November. We are waiting! Banks have not come back and given us a window . . . Anticipating "IT" would be in the Gazette which we thought was going to be today. Haven't seen or heard about it. May not be printed until Wednesday but when it does there will be International notification of their cards and rate. So we wait.
10-28-2018 Intel/Newshound Guru RVAlready [New Guru] I wish they would kick the RV across the finish line. I am pretty sure everything is ready now. There are no reasons not to do it, and plenty of reasons to do it now… I am of the mind that they will do it soon, or lose the chance, and never do it. Kind of now or never in my mind… They would not have bothered to show the new bills and coins last week, if they were not going to do it…To me, this feels like the quiet before the storm.
10-28-2018 Intel Guru RayRen98 Mahdi sworn in. Took place on Thursday. Has a constitutional government with 14 ministers. The other ministers are to be sworn in at their next session. Could be tomorrow [Sunday] but said 6th of November. We are waiting! Banks have not come back and given us a window . . . Anticipating "IT" would be in the Gazette which we thought was going to be today. Haven't seen or heard about it. May not be printed until Wednesday but when it does there will be International notification of their cards and rate. So we wait.
10-27-2018 Newshound/Intel Guru Mnt Goat Article quotes: "The Board of Directors of the Central Bank today issued an important statement in which it noted THE CONTINUATION OF ITS EFFORTS DURING THE PAST YEARS TO ACHIEVE ECONOMIC STEADFASTNESS IN THE CIRCUMSTANCES OF IRAQ AND FACED ECONOMIC AND SECURITY SHOCKS."; "...the central bank WILL WORK WITH CARE AND DEDICATION IN ORDER TO ACHIEVE STABILITY IN THE FINANCIAL SYSTEM AND THE MONETARY SYSTEM IN THE NEXT PHASE..." WHEN THE CBI TALKS I LISTEN...They keep talking about the “next phase” . So what is this next phase? There has been articles on this phase...and according to them it is a 5 year plan (2018-2022) with continuation of the reforms including the monetary reforms, which we know is the project to delete the zeros.
10-27-20218 Intel Guru Footforward I think RV will be summer of 2019 at this point...
10-27-2018 Newshound/Intel Guru Mnt Goat Article: "MANY NEW IRAQI CABINET MEMBER SWORN IN ON WEDNESDAY" Article quote: "The agency received the Euphrates News on the names of the cabinet presented by Prime Minister-designate Adel Abdul-Mahdi today to the House of Representatives." I do not know yet who was rejected and who was ratified. But later on there is an article stating that Mahdi will temporarily assume the minster of Defense and Interior two of the key positions.
10-27-20218 Intel Guru Footforward I think RV will be summer of 2019 at this point...
10-27-2018 Newshound/Intel Guru Mnt Goat Article: "MANY NEW IRAQI CABINET MEMBER SWORN IN ON WEDNESDAY" Article quote: "The agency received the Euphrates News on the names of the cabinet presented by Prime Minister-designate Adel Abdul-Mahdi today to the House of Representatives." I do not know yet who was rejected and who was ratified. But later on there is an article stating that Mahdi will temporarily assume the minster of Defense and Interior two of the key positions.
10-26-2018 Newshound/Intel Guru Mnt Goat Abdel-Mahdi is sworn in...as the new prime minister along with 14 of 22 ministers. Remember the CBI NEVER came out and directly told us they would reinstate or RV the currency after the elections process was over. This was assumed from what they said to us back in April. So no one really knows for sure just how long this might take.
10-26-2018 Newshound/Intel Guru David M. Witty Sources near Iraqi Oil Ministry: Iraq will stop exporting Kirkuk's oil to Iran in November to coincide with new U.S. sanctions.
10-26-2018 Newshound/Intel Guru Mnt Goat So now I will give you the latest numbers given to me by the reports that were given to the US Treasury on Jan 2018. The reports consist of mandatory forms filled in by currency brokers when they sell the dinar. These forms are sent to the US Treasury when you purchased your currency. There is an address space on the form for the purchaser. So you are being tracked. In order for these online internet or banks to sell these currencies outside of the global currency exchanges, they must adhere to the legal framework set up by the US Treasury. What is the latest count based on this procedure? ...the US Treasury has received 2.5 million initial purchases since 2004 when they began tracking the IQD in the USA. Most purchases are under 10 million dinar. A very large holder might hold 100 million. ...Even with the gift giving, the UN Treasury projects only maybe 2.75-3 million at best now have IQD in their possession and await the reinstatement and exchange process...
10-26-2018 Intel Guru Frank26 ...the Monetary Reform of the IQD, of the Central Bank of Iraq, is no secret. It’s no secret. They are willing. And they are telling anyone who is willing to listen, that the CBI, that Iraq, is soon to change their exchange rate.
10-26-2018 Intel Guru Bruce These rates came completely off the screen at noon, and not come back up until 2:30am. The last time that happened was the day before Kuwait revalued their Dinar. Pretty significant for those who remembered the revalued of the Kuwait Dinar. That is a big deal. The gist of this is we are so close we can just about touch it. We have been patient to wait this long, but if we are to look back at what has happened, we see all these puzzle pieces we have put together in this 1000 piece puzzle creating this picture for us. They have got this far enough where we are sort of at the point of no return...We are in a really good spot to begin... [post 2 of 2]
10-26-2018 Intel Guru Bruce [via PinkRoses] Now you guys knew they were having an election and appointment their Parliament and their Cabinet...What does it have to do with it? Well it has to do with we have been waiting on Iraq to announce their Parliament, Cabinet, new Prime Minister, and to put a rate out. We do know there is an in-country rate in Iraq which we believe is at $3.71. Then we will have our in-country rate which will be much higher well over double that we believe. The most significant piece I heard today was that approximately noon EST all the rates came off the IMF screens except 5 and those 5 were that make up the SDR Basket, the Special Drawing Right Currencies. That would be the USD, the British pound, the Euro, the Chinese Yuan, and the Swiss Franc... [post 1 of 2....stay tuned]
10-26-2018 Newshound Guru chattels So, it would appear that Iraq has a new government. The government is " incomplete " ( 14 of 22 ministers given a vote of confidence by Parliament ), but it is " functional ", i.e., there is a majority which enables the Cabinet to meet / act / govern.
10-26-2018 Newshound/Intel Guru David M. Witty Sources near Iraqi Oil Ministry: Iraq will stop exporting Kirkuk's oil to Iran in November to coincide with new U.S. sanctions.
10-26-2018 Newshound/Intel Guru Mnt Goat So now I will give you the latest numbers given to me by the reports that were given to the US Treasury on Jan 2018. The reports consist of mandatory forms filled in by currency brokers when they sell the dinar. These forms are sent to the US Treasury when you purchased your currency. There is an address space on the form for the purchaser. So you are being tracked. In order for these online internet or banks to sell these currencies outside of the global currency exchanges, they must adhere to the legal framework set up by the US Treasury. What is the latest count based on this procedure? ...the US Treasury has received 2.5 million initial purchases since 2004 when they began tracking the IQD in the USA. Most purchases are under 10 million dinar. A very large holder might hold 100 million. ...Even with the gift giving, the UN Treasury projects only maybe 2.75-3 million at best now have IQD in their possession and await the reinstatement and exchange process...
10-26-2018 Intel Guru Frank26 ...the Monetary Reform of the IQD, of the Central Bank of Iraq, is no secret. It’s no secret. They are willing. And they are telling anyone who is willing to listen, that the CBI, that Iraq, is soon to change their exchange rate.
10-26-2018 Intel Guru Bruce These rates came completely off the screen at noon, and not come back up until 2:30am. The last time that happened was the day before Kuwait revalued their Dinar. Pretty significant for those who remembered the revalued of the Kuwait Dinar. That is a big deal. The gist of this is we are so close we can just about touch it. We have been patient to wait this long, but if we are to look back at what has happened, we see all these puzzle pieces we have put together in this 1000 piece puzzle creating this picture for us. They have got this far enough where we are sort of at the point of no return...We are in a really good spot to begin... [post 2 of 2]
10-26-2018 Intel Guru Bruce [via PinkRoses] Now you guys knew they were having an election and appointment their Parliament and their Cabinet...What does it have to do with it? Well it has to do with we have been waiting on Iraq to announce their Parliament, Cabinet, new Prime Minister, and to put a rate out. We do know there is an in-country rate in Iraq which we believe is at $3.71. Then we will have our in-country rate which will be much higher well over double that we believe. The most significant piece I heard today was that approximately noon EST all the rates came off the IMF screens except 5 and those 5 were that make up the SDR Basket, the Special Drawing Right Currencies. That would be the USD, the British pound, the Euro, the Chinese Yuan, and the Swiss Franc... [post 1 of 2....stay tuned]
10-26-2018 Newshound Guru chattels So, it would appear that Iraq has a new government. The government is " incomplete " ( 14 of 22 ministers given a vote of confidence by Parliament ), but it is " functional ", i.e., there is a majority which enables the Cabinet to meet / act / govern.
10-25-2018 ***** Dinar Guru News Flash ***** It's official! Mahdi has been officially and constitutionally sworn in as the new Prime Minister. The new GOI has been seated a week before the constitutional deadline. The peaceful handoff of government control ceremony happened late yesterday with former PM Abadi. At least 14 ministers were also sworn in, including the important posts of Minister of Oil -Ghadhban and Minister of Finance -Hussein. The gurus point out that the GOI is officially seated and the transfer of power complete BUT there are still 8 or so minister seats to fill...there could be some surprises to come. Stay tuned as the gurus chime in about this HUGE surprise development! The latest guru posts will continue below...
10-25-2018 Intel Guru Frank26 The CBI...has given us all the signs without saying the word… REER... This article cuts very short. All it does not say is the acronym REER. But the whole article, is nothing more than a self-confession, a definition of the Tried, Tested, and Success of running their country at 1:1. REER stands for Real Effective Exchange Rate. REER means equalizing, bringing forth, the REAL EFFECTIVE Exchange Rate, of a countries currency; which by the way, is not a Program Rate. [Guru] Walkingstick, his friends, his bank owners, his firm, his employees were selected to do this test and trial run, on a second set of books, that the GOI, using not the Program Rate, but a 1:1 rate, testing in the process of the REER...Because these banks, that ran with the testing, and made it successful, are now reporting to them, to say: All systems are “GO” on our Monetary Reform. The environment: We have maintained the stability in the exchange rate, in foreign currencies. [post 2 of 2]
10-25-2018 Intel Guru Frank26 [via Sunkissed] Article: "The Central Bank of Iraq confirms the continuation of their reformist approach to achieve financial and monetary stability." ...the article tells you that in the last 4 years, the government along with the CBI, has been testing many companies in Iraq, like for example [Guru] Walkingstick’s firm, many banks in Iraq, many merchant accounts, many businesses, they’ve been testing them with a Dual Exchange Rate. Not only with our currency in the way we pay our people, but with our budget...And you know what? Something came out of it. REER!!! REER…is a change!…within the country’s currency, with denomination or, with the exchange rate of their currency. A change! Yes. [post 1 of 2....stay tuned]
10-25-2018 Newshound/Intel Guru Guru David M. Witty Iraq's 8 unfilled minister positions to be voted on by Parliament on 6 November.
10-25-2018 Intel Guru RayRen98 Wednesday activity in Iraq...Abdul Madhi is sworn in as the country's Prime Minister (finally)...14 ministers are also sworn in before Parliament. News reports indicate that the government of PM Abdul Madhi has become constitutional. US Banks were excited with anticipation of exchange activity possibly this week (?) Time Will Tell.
10-25-2018 Newshound Guru Kaperoni Now that the new Iraqi Gov is is place I expect the IMF to meet with the CBI in the near future to discuss monetary policy. I've always felt this consultation will occur before any significant monetary change. If you go back and look at last year's Article IV, the IMF made it very clear that the CBI needed to move to Article VIII to send a message to the global investment community that Iraq is open for business. Slowly we are inching closer to that decision which is positive for Iraq. As well, a change in exchange rate regime from fixed to float will begin to allow the dinar to rise gradually. And...due to the significance in urgency of this reform we may see this change occur very shortly. Hopefully within a month or two at the latest.
10-25-2018 Newshound Guru Adam Montana There have been times in the past where I mentioned that we have a "couple weeks" or some other amount of time where I definitely didn't see anything happening. Now is not that time... Anything can happen right now. The only issue I see right now is the final seating of the new members...It is a REALLY good feeling to be able to say the "only thing" holding us up is a finalization of the new GOI, which is proceeding very smoothly!
10-25-2018 Intel Guru Frank26 [via Sunkissed] Article: "The Central Bank of Iraq confirms the continuation of their reformist approach to achieve financial and monetary stability." ...the article tells you that in the last 4 years, the government along with the CBI, has been testing many companies in Iraq, like for example [Guru] Walkingstick’s firm, many banks in Iraq, many merchant accounts, many businesses, they’ve been testing them with a Dual Exchange Rate. Not only with our currency in the way we pay our people, but with our budget...And you know what? Something came out of it. REER!!! REER…is a change!…within the country’s currency, with denomination or, with the exchange rate of their currency. A change! Yes. [post 1 of 2....stay tuned]
10-25-2018 Newshound/Intel Guru Guru David M. Witty Iraq's 8 unfilled minister positions to be voted on by Parliament on 6 November.
10-25-2018 Intel Guru RayRen98 Wednesday activity in Iraq...Abdul Madhi is sworn in as the country's Prime Minister (finally)...14 ministers are also sworn in before Parliament. News reports indicate that the government of PM Abdul Madhi has become constitutional. US Banks were excited with anticipation of exchange activity possibly this week (?) Time Will Tell.
10-25-2018 Newshound Guru Kaperoni Now that the new Iraqi Gov is is place I expect the IMF to meet with the CBI in the near future to discuss monetary policy. I've always felt this consultation will occur before any significant monetary change. If you go back and look at last year's Article IV, the IMF made it very clear that the CBI needed to move to Article VIII to send a message to the global investment community that Iraq is open for business. Slowly we are inching closer to that decision which is positive for Iraq. As well, a change in exchange rate regime from fixed to float will begin to allow the dinar to rise gradually. And...due to the significance in urgency of this reform we may see this change occur very shortly. Hopefully within a month or two at the latest.
10-25-2018 Newshound Guru Adam Montana There have been times in the past where I mentioned that we have a "couple weeks" or some other amount of time where I definitely didn't see anything happening. Now is not that time... Anything can happen right now. The only issue I see right now is the final seating of the new members...It is a REALLY good feeling to be able to say the "only thing" holding us up is a finalization of the new GOI, which is proceeding very smoothly!
10-24-2018 ***Dinar Guru News Update*** In the left column of this page you see the CBI official rates for the dinar. The official EXCHANGE rate and the CBI reported MARKET rate. (There are two different rates reported by the CBI. The MARKET rate is the dinar rate on the streets of Iraq and part of the 2% compliance some guru believe is needed). Members have noticed the CBI has NOT updated the market rate since October 8th...that's over two weeks. The CBI generally updates this number every business day or every couple of business days. I wanted to let you know, the number shown here is the latest official CBI number released. This delay in reporting is a little out of the normal behavior from the CBI but we'll have to keep an eye on it to see if it means anything...they have delayed updates in the past. Stay tuned to see if the Gurus feel this is something interesting and meaningful or not. The latest guru posts will continue below...
10-24-2018 Newshound Guru Walkingstick [News is saying it's OFFICIAL!!! Mahdi is PM!!!] Yes, Mahdi and 14 ministers according to articles... Parliament in recess, Nov 6th.
10-24-2018 Intel Guru Frank26 Article: "The Central Bank of Iraq confirms the continuation of his reformist approach to achieve financial and monetary stability" IN OTHER WORDS...THE ENVIRONMENT IS VERY SUITABLE FOR THE SECOND ARTICLE TO COME OUT TO ALLOW THE CBI...TO BRAG ABOUT THE LAST FOUR YEARS! FROM INFLATION TO AN RI...IMO...ALL SYSTEMS ARE A GO.
10-24-2018 Newshound Guru Kaperoni So Mahdi was sworn in today along with 14 other cabinet members. PM Mahdi. So it seems officially we have a new government in Iraq. There will be some twists to this but Mahdi is officially the new Prime Minister.
10-24-2018 Newshound Guru MilitiaMan This was all done on Abadi's watch over the past four years and the CBI is telling us and the world that they are geared for the next phase of Monetary Reform. They have a surplus in the Budget enabling them to pay their internal debt and prevent impact from international conditions that may affect them in the future. They have overcome major issues and now they are telling us they have it under control and handing off a baton that is very well placed and organized for the new government and it's success. Add in the recent past symposium introducing the information on new currency, the on going AMF meeting and the seating of the the PMs cabinet here in short order if not already. These events clearly show that they are on the track to the finish line...imo. So, can we take a roll call? AMF...here! World Bank...here! Iraqi Private Banks...here! CBI...here! Ok. Everybody is here...let’s begin!!! [post 2 of 2]
10-24-2018 Newshound Guru MilitiaMan Article "The Central Bank of Iraq confirms the continuation of his reformist approach to achieve financial and monetary stability" Here we go! The hand off is about to occur! The central bank is reassuring that they have and have had full control of their monetary policy for 4 years running, just as WS [Guru Walkingstick] has told us they have. They have had the calculations all well calculated with tools in place to maintain stability of their exchange rate well into the future. They have here and in other articles talked about and showed that they have increased reserves exceeding 60 billion dollars, not to mention they increased their gold holdings by about 6.5 additional tonnes and have stated they increased revenues matching their oil output other sources necessary to compliment oil and shocks that may arise out of negative market conditions! [post 1 of 2....stay tuned]
10-24-2018 Newshound Guru chattels Article quote: "...the government still suffers from corruption, economic mismanagement and political polarization, and it will take strong secular leadership to create the stability Sistani is seeking. The question is whether such progress will be made during the ayatollah’s lifetime." The foregoing begs the question of whether we will see the stability necessary to realize an increase in the value of the dinar in our lifetime.
10-24-2018 Intel Guru Bruce I am not trying to call it. I am saying if this is to go tomorrow [Wednesday], it should go some time after that Iraq meeting concludes and after those rates are put out. Possibly they be put out around 1pm EST. We are very close to this going. Banks...are on lockdown... I am doing my very best not to call it. ...I am just trying to paint the picture I am hearing. I am putting out information that is valid, that I think is meaningful to us, and it just might bring this blessing in for us. [post 2 of 2]
10-24-2018 Intel Guru Bruce [via PinkRoses] What we understand is that the date that will go down as the start of this RV or GCR or whatever we are calling it this day, it is going to end up being ...October 22nd...We know that things have happened since last Tuesday and Thursday to move this thing forward. We know that we are right there in the sweet stop for this to go the next few days. I am hearing information that is pretty time sensitive. ...tomorrow [Wednesday], Iraq time, between 6 and 8 pm ...is the meeting that will determine everything...that is Iraq is to do the new rate for the dinar, with their Parliament...Election of their Cabinet, and everything they need to bring out. That is a two hour meeting. I am hearing about an hour afterwards, let’s call it 8:30 or 9 pm Iraq time tomorrow [Wednesday], I think they will bring out their new rate. ...convert it to US time, that means the timing of that meeting is between 10 and noon EST. 1:00pm will be an hour later. [post 1 of 2....stay tuned]
10-24-2018 Newshound Guru Phillyman Article: "Iraq’s Sadr rejects secret vote for new cabinet" Quote: "Iraq’s Shia cleric Muqtada Al-Sadr today rejected a secret vote in parliament on the new cabinet lineup." How can you blame him with all the corruption that has taken place? Sadr does not like the "secret vote" but it looks like it is still on for today.
10-24-2018 Intel Guru ADMINBILL I remain very optimistic regarding our future. The timing remains in question with several contacts believing October into mid-November possible. What happens in Iraq is window dressing...
10-24-2018 Intel Guru Frank26 Article: "The Central Bank of Iraq confirms the continuation of his reformist approach to achieve financial and monetary stability" IN OTHER WORDS...THE ENVIRONMENT IS VERY SUITABLE FOR THE SECOND ARTICLE TO COME OUT TO ALLOW THE CBI...TO BRAG ABOUT THE LAST FOUR YEARS! FROM INFLATION TO AN RI...IMO...ALL SYSTEMS ARE A GO.
10-24-2018 Newshound Guru Kaperoni So Mahdi was sworn in today along with 14 other cabinet members. PM Mahdi. So it seems officially we have a new government in Iraq. There will be some twists to this but Mahdi is officially the new Prime Minister.
10-24-2018 Newshound Guru MilitiaMan This was all done on Abadi's watch over the past four years and the CBI is telling us and the world that they are geared for the next phase of Monetary Reform. They have a surplus in the Budget enabling them to pay their internal debt and prevent impact from international conditions that may affect them in the future. They have overcome major issues and now they are telling us they have it under control and handing off a baton that is very well placed and organized for the new government and it's success. Add in the recent past symposium introducing the information on new currency, the on going AMF meeting and the seating of the the PMs cabinet here in short order if not already. These events clearly show that they are on the track to the finish line...imo. So, can we take a roll call? AMF...here! World Bank...here! Iraqi Private Banks...here! CBI...here! Ok. Everybody is here...let’s begin!!! [post 2 of 2]
10-24-2018 Newshound Guru MilitiaMan Article "The Central Bank of Iraq confirms the continuation of his reformist approach to achieve financial and monetary stability" Here we go! The hand off is about to occur! The central bank is reassuring that they have and have had full control of their monetary policy for 4 years running, just as WS [Guru Walkingstick] has told us they have. They have had the calculations all well calculated with tools in place to maintain stability of their exchange rate well into the future. They have here and in other articles talked about and showed that they have increased reserves exceeding 60 billion dollars, not to mention they increased their gold holdings by about 6.5 additional tonnes and have stated they increased revenues matching their oil output other sources necessary to compliment oil and shocks that may arise out of negative market conditions! [post 1 of 2....stay tuned]
10-24-2018 Newshound Guru chattels Article quote: "...the government still suffers from corruption, economic mismanagement and political polarization, and it will take strong secular leadership to create the stability Sistani is seeking. The question is whether such progress will be made during the ayatollah’s lifetime." The foregoing begs the question of whether we will see the stability necessary to realize an increase in the value of the dinar in our lifetime.
10-24-2018 Intel Guru Bruce I am not trying to call it. I am saying if this is to go tomorrow [Wednesday], it should go some time after that Iraq meeting concludes and after those rates are put out. Possibly they be put out around 1pm EST. We are very close to this going. Banks...are on lockdown... I am doing my very best not to call it. ...I am just trying to paint the picture I am hearing. I am putting out information that is valid, that I think is meaningful to us, and it just might bring this blessing in for us. [post 2 of 2]
10-24-2018 Intel Guru Bruce [via PinkRoses] What we understand is that the date that will go down as the start of this RV or GCR or whatever we are calling it this day, it is going to end up being ...October 22nd...We know that things have happened since last Tuesday and Thursday to move this thing forward. We know that we are right there in the sweet stop for this to go the next few days. I am hearing information that is pretty time sensitive. ...tomorrow [Wednesday], Iraq time, between 6 and 8 pm ...is the meeting that will determine everything...that is Iraq is to do the new rate for the dinar, with their Parliament...Election of their Cabinet, and everything they need to bring out. That is a two hour meeting. I am hearing about an hour afterwards, let’s call it 8:30 or 9 pm Iraq time tomorrow [Wednesday], I think they will bring out their new rate. ...convert it to US time, that means the timing of that meeting is between 10 and noon EST. 1:00pm will be an hour later. [post 1 of 2....stay tuned]
10-24-2018 Newshound Guru Phillyman Article: "Iraq’s Sadr rejects secret vote for new cabinet" Quote: "Iraq’s Shia cleric Muqtada Al-Sadr today rejected a secret vote in parliament on the new cabinet lineup." How can you blame him with all the corruption that has taken place? Sadr does not like the "secret vote" but it looks like it is still on for today.
10-24-2018 Intel Guru ADMINBILL I remain very optimistic regarding our future. The timing remains in question with several contacts believing October into mid-November possible. What happens in Iraq is window dressing...
10-23-2018 Newshound Guru ChrisC ...Do the people know they are going to be revalued? Logic would say yes and the second article is just a final statement from the CBI of timing and instructions. They went to a lot of trouble and put the people through a lot of hardship removing the 1000, 500 and 250 out of the market just so, apparently, the people wouldn't be confused with the new design. I remember when the new 100 bill came out here. It was a little of a surprise to see it but in a few days it was no big deal. I fully expect this to happen soon. It is absurd to think Iraq will not have a strong international currency...
10-23-2018 Newshound/Intel Guru David M. Witty Source says incoming Iraqi PM Abdel-Mahdi turns down Maliki's request to make Malaki's son in law minister of Youth & Sports. Also turns down Maliki's request for Dawa Party member to get Oil Ministry.
10-23-2018 Intel Guru Delta [via Clare] Nov. 4th Iran sanctions - toughest ever...SWIFT will be disconnected... can not wire money or use USD. IHO...CBI knows exactly what will happen...needs to act fast...IQD attractive right now...more demand on IQD now! Iraq is all the focus right now "Babylon is going to rise"...All eyes on Iraq...will be very successful!
10-23-2018 Intel Guru RayRen98 Iraqi TV reported that Parliament will hold its session on Thursday but cabinet-select names won't be disclosed or voted upon until next week.
10-23-2018 Intel Guru Frank26 [via Clare] Let's Make it to the Finish Line...The Blessing is well calculated...Symposium @ University of Ceyhan...hosted by CBI representatives...on Iraqi Currency..."Hot Topic". WS's [Guru Walkingstick's] firm was there...talking about LD's (250, 500, 1000) coins are still currency in translation (LD's or small categories)...We are waiting for Art 2 ...from the CBI...it will contain pictures/ descriptions/date of RI/ metals will be part of 2nd Art, which only work when 3 zeros are lifted from exchange rate...Hundreds asked questions at the end... WS's firm representatives of 4 banks in Iraq have also asked questions & already have been told, MR is happening.
10-23-2018 Newshound Guru Phillyman Article: "Parliamentary signatures to pass Abdul Mahdi's cabin through secret ballot" Quotes: "...the political blocs will vote on the government of Adel Abdul Mahdi after reviewing the biography of the ministers, and any minister whose career does not meet the specifications wanted by the Iraqi street, will be rejected nomination."; "...the Prime Minister-designate will present his cabinet to the House of Representatives on Thursday or the beginning of the last week of October to vote." Some in the dinar world suggest that the monetary change is tied to the formation of the new government. Making the leap that this article is true it looks like that may be delayed a little.
10-23-2018 Newshound/Intel Guru David M. Witty Source says incoming Iraqi PM Abdel-Mahdi turns down Maliki's request to make Malaki's son in law minister of Youth & Sports. Also turns down Maliki's request for Dawa Party member to get Oil Ministry.
10-23-2018 Intel Guru Delta [via Clare] Nov. 4th Iran sanctions - toughest ever...SWIFT will be disconnected... can not wire money or use USD. IHO...CBI knows exactly what will happen...needs to act fast...IQD attractive right now...more demand on IQD now! Iraq is all the focus right now "Babylon is going to rise"...All eyes on Iraq...will be very successful!
10-23-2018 Intel Guru RayRen98 Iraqi TV reported that Parliament will hold its session on Thursday but cabinet-select names won't be disclosed or voted upon until next week.
10-23-2018 Intel Guru Frank26 [via Clare] Let's Make it to the Finish Line...The Blessing is well calculated...Symposium @ University of Ceyhan...hosted by CBI representatives...on Iraqi Currency..."Hot Topic". WS's [Guru Walkingstick's] firm was there...talking about LD's (250, 500, 1000) coins are still currency in translation (LD's or small categories)...We are waiting for Art 2 ...from the CBI...it will contain pictures/ descriptions/date of RI/ metals will be part of 2nd Art, which only work when 3 zeros are lifted from exchange rate...Hundreds asked questions at the end... WS's firm representatives of 4 banks in Iraq have also asked questions & already have been told, MR is happening.
10-23-2018 Newshound Guru Phillyman Article: "Parliamentary signatures to pass Abdul Mahdi's cabin through secret ballot" Quotes: "...the political blocs will vote on the government of Adel Abdul Mahdi after reviewing the biography of the ministers, and any minister whose career does not meet the specifications wanted by the Iraqi street, will be rejected nomination."; "...the Prime Minister-designate will present his cabinet to the House of Representatives on Thursday or the beginning of the last week of October to vote." Some in the dinar world suggest that the monetary change is tied to the formation of the new government. Making the leap that this article is true it looks like that may be delayed a little.
10-22-2018 Newshound Guru Currency365 ...he [Abdul-Mahdi] has till NOV 3rd to announce his govt... and if he cant put people in the seats he will give some of his people 2 positions and he will take several positions himself to feel the empty seats.
10-22-2018 Newshound/Intel Guru Mnt Goat Article: "MAHDI WILL PRESENT THE NAMES OF MEMBERS OF HIS CABINET AND THE GOVERNMENT PROGRAM TO THE HOUSE OF REPRESENTATIVES ON MONDAY" ...Mahdi has come way too far already...Closer than any other designate prime minister before in getting this completed head of the deadline.
10-22-2018 Newshound/Intel Guru David M. Witty US says it will support the new Iraqi government of PM Abdel-Mahdi if Iraq fully adheres to US sanctions on Iran.
10-22-2018 Newshound/Intel Guru Mnt Goat ...this past week we heard many stories from the news media in Iraq when the announcement of Mahdi’s new government would take place. We were originally told on Thursday, then postponed until Saturday and then Sunday. Now...they are telling us to wait until Monday. I also want to reemphasize that you should NOT be anticipating an RV once the government is formed. ...This reinstatement will occur ONLY upon indication from the CBI. So far they have not said anything more in this regards. We do know they are targeting by the end of October and then they move on to EARLY 2019, if it can not be accomplished in this timeframe. Let’s sit back and see what happens...
10-22-2018 Newshound/Intel Guru David M. Witty Iraqi political source says incoming PM Abdel-Mahdi will present a partial cabinet of 15 ministers to Parliament on Wednesday for approval. Somewhere between 11 & 13 of the ministers are independents.
10-22-2018 Newshound Guru Bloodloch [...how DOES Iraq turn trillions of dinar into billions of dinar that are equal to the worth of a dollar and we still get our 'tasty treat' preferably (but unlikely) before Halloween?] [reference Guru Bloodloch post 10-21-2018] I knew I probably should not have used a Halloween metaphor. But who knows, maybe it will happen by then, although I'm not predicting as much. ...As for how they'll turn those trillions into billions, that's the crux of it, the secret sauce so to speak. The fact that the CBI hasn't announced the details yet means it's probably a secret. Whether I'm right or wrong, ...doesn't really matter. I'm waiting on the release of the very low denominations in the 1 dinar to 100 dinar range before I'll know for sure. Until then, it's still in play. The release of those very low denominations. That'll be our confirmation one way or the other.
10-22-2018 Newshound/Intel Guru Mnt Goat Article: "MAHDI WILL PRESENT THE NAMES OF MEMBERS OF HIS CABINET AND THE GOVERNMENT PROGRAM TO THE HOUSE OF REPRESENTATIVES ON MONDAY" ...Mahdi has come way too far already...Closer than any other designate prime minister before in getting this completed head of the deadline.
10-22-2018 Newshound/Intel Guru David M. Witty US says it will support the new Iraqi government of PM Abdel-Mahdi if Iraq fully adheres to US sanctions on Iran.
10-22-2018 Newshound/Intel Guru Mnt Goat ...this past week we heard many stories from the news media in Iraq when the announcement of Mahdi’s new government would take place. We were originally told on Thursday, then postponed until Saturday and then Sunday. Now...they are telling us to wait until Monday. I also want to reemphasize that you should NOT be anticipating an RV once the government is formed. ...This reinstatement will occur ONLY upon indication from the CBI. So far they have not said anything more in this regards. We do know they are targeting by the end of October and then they move on to EARLY 2019, if it can not be accomplished in this timeframe. Let’s sit back and see what happens...
10-22-2018 Newshound/Intel Guru David M. Witty Iraqi political source says incoming PM Abdel-Mahdi will present a partial cabinet of 15 ministers to Parliament on Wednesday for approval. Somewhere between 11 & 13 of the ministers are independents.
10-22-2018 Newshound Guru Bloodloch [...how DOES Iraq turn trillions of dinar into billions of dinar that are equal to the worth of a dollar and we still get our 'tasty treat' preferably (but unlikely) before Halloween?] [reference Guru Bloodloch post 10-21-2018] I knew I probably should not have used a Halloween metaphor. But who knows, maybe it will happen by then, although I'm not predicting as much. ...As for how they'll turn those trillions into billions, that's the crux of it, the secret sauce so to speak. The fact that the CBI hasn't announced the details yet means it's probably a secret. Whether I'm right or wrong, ...doesn't really matter. I'm waiting on the release of the very low denominations in the 1 dinar to 100 dinar range before I'll know for sure. Until then, it's still in play. The release of those very low denominations. That'll be our confirmation one way or the other.
10-21-2018 Newshound/Intel Guru Mnt Goat I want to remind everyone that there is NO FACTUAL basis for anyone telling you the Reinstatement is imminent. I know of a plan to reinstate the currency by the end of October if and only if the US is willing to sign off on it. This will NOT occur unless the government is “fully” formed and key positions are NOT in jeopardy. Personally, I believe we will move into 2019 without a reinstatement as the CBI is already looking at this timeframe as a possibility. There is just too much evidence building already for the case of 2019.
10-21-2018 Intel Guru RayRen98 Parliament meets today to resolve 70% or more of Madhi's cabinet selections amidst assurances that he would not select previous ministers of PM Abadi cabinet or any deputies from the current session. The intent is to conclude that the votes on the government of Madhi does not exceed this week. A memo, intended for banks to arrive late Friday evening, has not appeared with some banks and did with others. The basic emphasis is on expected changes on Forex. Let's just wait and see what happens later today when it opens. Screens were grayed out over the weekend.
10-21-2018 Intel Guru Frank26 They talk about maybe ...[Saturday], maybe Sunday, to sit the government. But they won’t. Now don’t get depressed about that. What does that have to do with the Monetary Reform? It would be nice to have it. But look, go back to the days of Maliki. Go back to the days of Abadi? Did you ever see a fully seated government? No. Fascinating isn’t it? Do you expect Mahdi to give you a fully seated Government too? In my opinion, Noooo. ...In my opinion family… Mahdi may resign before the GOI is even seated. I mean he might, he might not, it’s just my opinion. You know why it’s my opinion? Because it’s a rumor in Iraq.
10-21-2018 Newshound Guru Bloodloch There are reports of recent IQD talk from an Iraqi economist along the lines of "We should equal the US dollar." If true, this is precisely what I've been expecting them to inevitably do. To the penny. Yet, they cannot just suddenly declare 44 trillion issued and outstanding dinars to have an exchange value of 44 trillion dollars now can they? No, of course not, since the idea is not to chase dinars out of the country for subsequent ex-pat exchange abuses, but to draw them into the financial system for the benefit of all Iraqi citizens. And if that's true, that they are not going to suddenly increase the exchange value of their issued dinars to equal the dollar, one might ask, what are they going to do to reestablish a vigorous and valuable sovereign Iraqi currency? Within that answer may lie both the trick and the happy treat.
10-21-2018 Intel Guru RayRen98 Parliament meets today to resolve 70% or more of Madhi's cabinet selections amidst assurances that he would not select previous ministers of PM Abadi cabinet or any deputies from the current session. The intent is to conclude that the votes on the government of Madhi does not exceed this week. A memo, intended for banks to arrive late Friday evening, has not appeared with some banks and did with others. The basic emphasis is on expected changes on Forex. Let's just wait and see what happens later today when it opens. Screens were grayed out over the weekend.
10-21-2018 Intel Guru Frank26 They talk about maybe ...[Saturday], maybe Sunday, to sit the government. But they won’t. Now don’t get depressed about that. What does that have to do with the Monetary Reform? It would be nice to have it. But look, go back to the days of Maliki. Go back to the days of Abadi? Did you ever see a fully seated government? No. Fascinating isn’t it? Do you expect Mahdi to give you a fully seated Government too? In my opinion, Noooo. ...In my opinion family… Mahdi may resign before the GOI is even seated. I mean he might, he might not, it’s just my opinion. You know why it’s my opinion? Because it’s a rumor in Iraq.
10-21-2018 Newshound Guru Bloodloch There are reports of recent IQD talk from an Iraqi economist along the lines of "We should equal the US dollar." If true, this is precisely what I've been expecting them to inevitably do. To the penny. Yet, they cannot just suddenly declare 44 trillion issued and outstanding dinars to have an exchange value of 44 trillion dollars now can they? No, of course not, since the idea is not to chase dinars out of the country for subsequent ex-pat exchange abuses, but to draw them into the financial system for the benefit of all Iraqi citizens. And if that's true, that they are not going to suddenly increase the exchange value of their issued dinars to equal the dollar, one might ask, what are they going to do to reestablish a vigorous and valuable sovereign Iraqi currency? Within that answer may lie both the trick and the happy treat.
10-20-2018 Newshound Guru chattels [will they make the 24th deadline?] The 24th is Mahdi's target date. The constitutional "deadline" is November 2/3. News reports say Monday (22nd) or Wednesday (24th) that a list will be published, so it appears that Mahdi may meet his targeted date with a partial list. Every nominee on the list must be voted upon by Parliament individually.
10-20-2018 Intel Guru ADMINBILL ...things related to the end goal are being accomplished each and every day. Are potential "test runs" being processed through the system? Possibly...We are not there yet. But it's coming as...others are hinting at. Still no date or rates.
10-20-2018 Intel Guru Frank26 Here’s another question that my bank friends asked: Your intentions to reinstate the currency...is this correct? To which Mousawi said: We are Sovereign as a people, and we are going to have a Sovereign currency, and yes! We most definitely plan to be international. Yes! We are working with Alaq to do this… SOON. But, if I may ask a third question: What is the value of the currency going to be? Well, we are undervalue with our currency right now. It is not the true value of the dinar. We should equal the US dollar. Please notice that there is no denial of the Monetary Reform and the reinstatement of the Iraqi dinar. And please... Notice the ADMISSION...that it is in progress right now and SOON… to be released. [post 3 of 3]
10-20-2018 Intel Guru Frank26 ...Mousawi...that has worked with the CBI for many years, he has to be very careful how he answers the questions. Why? Because the whole Monetary Reform, the reinstatement of the Iraqi Dinar, is well calculated. They responded...that the process…”...is “on-going” with the CBI. It is in motion right now. That’s very good. And when do you think these Small Category Notes with the Metals, for the Fils, when do you think they are going to be coming out? He responded..We are in the education process, as we told you. And that education process continues with Alaq. And we have every intention to reform our currency...as far as the coins of the Monetary Reform, it’s definitely in process. And it has well progressed. [post 2 of 3....stay tuned]
10-20-2018 Intel Guru Frank26 ...the Symposium, that was being held by Mousawi, one of the well trusted economists in Iraq....at a University where there were hundreds of students...they were talking about the Iraqi Currency. When the Symposium was complete...they opened it up to Questions and Answers. It wasn’t for the Media. ...There were hundreds of students. Plus, my friend [Guru] Walkingstick’s firm. The Members of his Firm that own banks...all those people that represent the ownership of the banks with my friend’s company, with their firm in Iraq. When it came time for my friend Walkingstick’s firm to ask questions...They only wanted one question answered. When? When, are you going to release the Small Category Notes with the Fils, that you told us about? [post 1 of 3....stay tuned]
10-20-2018 Newshound Guru MilitiaMan Article: "Abadi office: The current government has the constitutional powers to exercise its functions and carry out its duties" Quote: "It continues to practice and assume its constitutional responsibilities and conduct business, Before parliament for the next government." They are telling us that under the present circumstances and timing, the current government can and will execute necessary constitutional obligations, economic projects (contracts), investment projects (contracts), service sector projects, urgent contracts all within the legal confines of the 2018 Budget. The President, present Prime Minister and the Prime Minister Designate are on board... I suspect...todays Oil hand off with 9 companies were part of the Urgent Contracts and not to mention inclusive by including non-fundamentalist's...In other words, they are including Christians which suggests they are gearing for to national reconciliation in which may or does include the HCL.. imo
10-20-2018 Intel Guru RayRen98 . . . Quite a few things have come in just in this hour that we'll get more confirmation on. Bottom line: We've been working at this, this long; waiting this long. What's another few hours, few more days to get the best out of this? What do you think it's going to be like when the light turns green? and all currencies are exchangeable at a new rate. Information is going to flow 10 X's as fast and as quickly. Patience is a virtue.
10-20-2018 Intel Guru ADMINBILL ...things related to the end goal are being accomplished each and every day. Are potential "test runs" being processed through the system? Possibly...We are not there yet. But it's coming as...others are hinting at. Still no date or rates.
10-20-2018 Intel Guru Frank26 Here’s another question that my bank friends asked: Your intentions to reinstate the currency...is this correct? To which Mousawi said: We are Sovereign as a people, and we are going to have a Sovereign currency, and yes! We most definitely plan to be international. Yes! We are working with Alaq to do this… SOON. But, if I may ask a third question: What is the value of the currency going to be? Well, we are undervalue with our currency right now. It is not the true value of the dinar. We should equal the US dollar. Please notice that there is no denial of the Monetary Reform and the reinstatement of the Iraqi dinar. And please... Notice the ADMISSION...that it is in progress right now and SOON… to be released. [post 3 of 3]
10-20-2018 Intel Guru Frank26 ...Mousawi...that has worked with the CBI for many years, he has to be very careful how he answers the questions. Why? Because the whole Monetary Reform, the reinstatement of the Iraqi Dinar, is well calculated. They responded...that the process…”...is “on-going” with the CBI. It is in motion right now. That’s very good. And when do you think these Small Category Notes with the Metals, for the Fils, when do you think they are going to be coming out? He responded..We are in the education process, as we told you. And that education process continues with Alaq. And we have every intention to reform our currency...as far as the coins of the Monetary Reform, it’s definitely in process. And it has well progressed. [post 2 of 3....stay tuned]
10-20-2018 Intel Guru Frank26 ...the Symposium, that was being held by Mousawi, one of the well trusted economists in Iraq....at a University where there were hundreds of students...they were talking about the Iraqi Currency. When the Symposium was complete...they opened it up to Questions and Answers. It wasn’t for the Media. ...There were hundreds of students. Plus, my friend [Guru] Walkingstick’s firm. The Members of his Firm that own banks...all those people that represent the ownership of the banks with my friend’s company, with their firm in Iraq. When it came time for my friend Walkingstick’s firm to ask questions...They only wanted one question answered. When? When, are you going to release the Small Category Notes with the Fils, that you told us about? [post 1 of 3....stay tuned]
10-20-2018 Newshound Guru MilitiaMan Article: "Abadi office: The current government has the constitutional powers to exercise its functions and carry out its duties" Quote: "It continues to practice and assume its constitutional responsibilities and conduct business, Before parliament for the next government." They are telling us that under the present circumstances and timing, the current government can and will execute necessary constitutional obligations, economic projects (contracts), investment projects (contracts), service sector projects, urgent contracts all within the legal confines of the 2018 Budget. The President, present Prime Minister and the Prime Minister Designate are on board... I suspect...todays Oil hand off with 9 companies were part of the Urgent Contracts and not to mention inclusive by including non-fundamentalist's...In other words, they are including Christians which suggests they are gearing for to national reconciliation in which may or does include the HCL.. imo
10-20-2018 Intel Guru RayRen98 . . . Quite a few things have come in just in this hour that we'll get more confirmation on. Bottom line: We've been working at this, this long; waiting this long. What's another few hours, few more days to get the best out of this? What do you think it's going to be like when the light turns green? and all currencies are exchangeable at a new rate. Information is going to flow 10 X's as fast and as quickly. Patience is a virtue.
10-19-2018 Intel Guru Delta Article: "Indicators of improvement and realistic stability Mohammed Hassan Al Mousawi" Quote: "Financial indicator: The deletion of zeros from the Iraqi currency evidence of the strength of the Iraqi dinar exchange and return to the predecessor of his reign." [This ENTIRE article is telling us ALL the accomplishments that Iraq HAS ACHIEVED!! IMO...all past tense!] I DID READ IT AN ARABIC ...YES THIS MAN SAYING IT'S DONE...
10-19-2018 Newshound/Intel Guru Mnt Goat We heard that on Wednesday 10/24 the designate prime minster is supposed to announce candidates (as least half of his new cabinet) to meet the constitution deadline. But wait a second...the constitution says entire government not half of it. But this is a game each prime minister plays. They submit an entire list of nominees then they expect some to be rejected. They then have another 30 days to re-select these remaining positions. This meets the deadline and everyone is happy. We are in the waiting mode again.
10-19-2018 Newshound Guru Currency365 Iraq’s Oil Minister Jabbar al-Luiebi decreed on Thursday the transfer of the ownership of nine state-held oil companies from the oil ministry to the newly formed National Oil Company...(Preparing for Citizens monthly Oil Revenue)
10-19-2018 Intel Guru Bruce On Tues. Oct. 16 Trump gave Iraq a 48 hour window to get things done. They met that deadline by Thurs. Oct. 18. A super rich person in Jordan was using his office in Iraq to funnel money to terrorists. They handled this by freezing accounts in order to meet the deadline and be RV ready. Today [Thursday] Oct. 18 the new Rates went back up on the bank screens, and then went to flashing as they adjusted to the QFS system. Bruce was told this would be a morning daytime event. They may wait until all banks across the nation were open before releasing. You could negotiate your rates, although the screen rates were so good that you may not want to.
10-19-2018 Newshound/Intel Guru David M. Witty Iraqi political sources say PM Abdel-Mahdi (designate) will present his cabinet to Parliament next week but without names for ministers of Defense, Interior, Foreign, Oil & Finance. Still searching for these & tied to political parties' desires.
10-19-2018 Newshound Guru Bloodloch I noticed some suggestions going around here and there concerning the total of dinars In circulation (currency issued) going from about 150 trillion to 44 trillion dinars as a sign of the CBI's seriousness about their plan to revitalize or reinvigorate their currency, and that got me to thinking. Cutting to the chase, the fact is that the CBI has never shown a currency issued figure anywhere near 150 trillion dinars. ...The most recent value for Currency Issued per the CBI financial statements as of December 31, 2017, is indeed 44 trillion dinars, as seems to now be commonly known. ...It's important as a community that we rely on confirmable facts in our analyses. These corrected facts will bear fruit.
10-19-2018 Newshound/Intel Guru Mnt Goat We heard that on Wednesday 10/24 the designate prime minster is supposed to announce candidates (as least half of his new cabinet) to meet the constitution deadline. But wait a second...the constitution says entire government not half of it. But this is a game each prime minister plays. They submit an entire list of nominees then they expect some to be rejected. They then have another 30 days to re-select these remaining positions. This meets the deadline and everyone is happy. We are in the waiting mode again.
10-19-2018 Newshound Guru Currency365 Iraq’s Oil Minister Jabbar al-Luiebi decreed on Thursday the transfer of the ownership of nine state-held oil companies from the oil ministry to the newly formed National Oil Company...(Preparing for Citizens monthly Oil Revenue)
10-19-2018 Intel Guru Bruce On Tues. Oct. 16 Trump gave Iraq a 48 hour window to get things done. They met that deadline by Thurs. Oct. 18. A super rich person in Jordan was using his office in Iraq to funnel money to terrorists. They handled this by freezing accounts in order to meet the deadline and be RV ready. Today [Thursday] Oct. 18 the new Rates went back up on the bank screens, and then went to flashing as they adjusted to the QFS system. Bruce was told this would be a morning daytime event. They may wait until all banks across the nation were open before releasing. You could negotiate your rates, although the screen rates were so good that you may not want to.
10-19-2018 Newshound/Intel Guru David M. Witty Iraqi political sources say PM Abdel-Mahdi (designate) will present his cabinet to Parliament next week but without names for ministers of Defense, Interior, Foreign, Oil & Finance. Still searching for these & tied to political parties' desires.
10-19-2018 Newshound Guru Bloodloch I noticed some suggestions going around here and there concerning the total of dinars In circulation (currency issued) going from about 150 trillion to 44 trillion dinars as a sign of the CBI's seriousness about their plan to revitalize or reinvigorate their currency, and that got me to thinking. Cutting to the chase, the fact is that the CBI has never shown a currency issued figure anywhere near 150 trillion dinars. ...The most recent value for Currency Issued per the CBI financial statements as of December 31, 2017, is indeed 44 trillion dinars, as seems to now be commonly known. ...It's important as a community that we rely on confirmable facts in our analyses. These corrected facts will bear fruit.
10-18-2018 Newshound/Intel Guru Mnt Goat Right now we are waiting for the new designate PM to form his government, which is his cabinet of ministers that run the government. We know the constitutional deadline is Oct 24th in which to do this. The new speaker just told us...that he fully expects to hold a vote to ratify the new cabinet within this timeframe. We know the USA refuses to sign off and give a full commitment to reinstate the dinar unless they see a stable new government. One of the conditions they have give is to form their new government. Iraqi news reports that Prime Minister-Designate Madhi will present his cabinet choices on Saturday Oct 20th and Parliament will hold a special session on Sunday for voting.
10-18-2018 Newshound/Intel Guru David M. Witty In Iraq, source says Maliki is thinking of withdrawing from the new government formation process. Previously it was stated Maliki would maintain his position as deputy president in new government.
10-18-2018 Newshound/Intel Guru Mnt Goat We all are aware that the dinar, as it stands today, is worth much more than the program rate now assigned by the CBI. But this higher rate must be realized by supply and demand for the currency. Just be reducing the amount of dinar in circulation down from about 150 trillion to 44 trillion dinars alone is showing us the CBI is serious about this plan. It is only when the dinar is re-pegged to the SDR basket and then gets reinstated to the open market trading platforms once again, as it was in pre-war days, that the dinar can potentially go to a much more substantial rate. Many call this the “revaluation” or RV but technically an RV never really happens. It is a “reinstatement” that occurs that eventually gives the dinar back it former rate (glory days) plus more.
10-18-2018 Newshound Guru Phillyman ...Abdul-Mahdi is supposed to finally present at least half his cabinet next week but as I read in one article there still are issues. Quote: "According to the sources, the debate is still large on the ministries of defense and interior and foreign affairs and finance and planning..." But, the big article of today to me is the GE news...The Trump administration intervened to quash a $15 billion deal for Siemens Corp. to develop power stations in Iraq, instead persuading Baghdad to sign an agreement with General Electric Co., two administration officials said. Article quote: “This is part of very strong campaign of engagement in Iraqi government formation and a very targeted effort to support the Iraqi government and minimize Iranian influence,”
10-18-2018 Newshound Guru Adam Montana Iraq, with a very significant chunk of the black gold available to us on this planet, somehow slipped through the cracks and didn't even have to raise a hand in agreement with this major agreement that was put in place by some tiny insignificant countries like Saudi Arabia, Kuwait, wait a minute... those are NOT tiny or insignificant! Quite the opposite, in fact - they are major players. Some of the OPEC members have substantially less resources than Iraq. This is important to remember because to this very day, Iraq has not made any promises to abide by the current agreement. This gives them the full ability to stockpile reserves, and flood the market at a moment's notice, which could bring in an enormous pile of cash to use in any way they want...You know, like... funding an RV. [post 2 of 2]
10-18-2018 Newshound Guru Adam Montana Article: "OPEC Secretary General calls on oil producing countries to increase production" ...It was not too long ago that the "Oil and Petroleum Exporting Countries" came to an agreement (unanimous, if I recall correctly) to work together on regulating the production of oil, as a sort of "emergency" measure to keep the markets under control in some uncertain times. They all agreed to control their production. They made a big deal out of it. Iraq's position in this agreement is HUGE... mostly because they are barely even mentioned in all 39 of those pages!!! [post 1 of 2....stay tuned]
10-18-2018 Newshound/Intel Guru David M. Witty In Iraq, source says Maliki is thinking of withdrawing from the new government formation process. Previously it was stated Maliki would maintain his position as deputy president in new government.
10-18-2018 Newshound/Intel Guru Mnt Goat We all are aware that the dinar, as it stands today, is worth much more than the program rate now assigned by the CBI. But this higher rate must be realized by supply and demand for the currency. Just be reducing the amount of dinar in circulation down from about 150 trillion to 44 trillion dinars alone is showing us the CBI is serious about this plan. It is only when the dinar is re-pegged to the SDR basket and then gets reinstated to the open market trading platforms once again, as it was in pre-war days, that the dinar can potentially go to a much more substantial rate. Many call this the “revaluation” or RV but technically an RV never really happens. It is a “reinstatement” that occurs that eventually gives the dinar back it former rate (glory days) plus more.
10-18-2018 Newshound Guru Phillyman ...Abdul-Mahdi is supposed to finally present at least half his cabinet next week but as I read in one article there still are issues. Quote: "According to the sources, the debate is still large on the ministries of defense and interior and foreign affairs and finance and planning..." But, the big article of today to me is the GE news...The Trump administration intervened to quash a $15 billion deal for Siemens Corp. to develop power stations in Iraq, instead persuading Baghdad to sign an agreement with General Electric Co., two administration officials said. Article quote: “This is part of very strong campaign of engagement in Iraqi government formation and a very targeted effort to support the Iraqi government and minimize Iranian influence,”
10-18-2018 Newshound Guru Adam Montana Iraq, with a very significant chunk of the black gold available to us on this planet, somehow slipped through the cracks and didn't even have to raise a hand in agreement with this major agreement that was put in place by some tiny insignificant countries like Saudi Arabia, Kuwait, wait a minute... those are NOT tiny or insignificant! Quite the opposite, in fact - they are major players. Some of the OPEC members have substantially less resources than Iraq. This is important to remember because to this very day, Iraq has not made any promises to abide by the current agreement. This gives them the full ability to stockpile reserves, and flood the market at a moment's notice, which could bring in an enormous pile of cash to use in any way they want...You know, like... funding an RV. [post 2 of 2]
10-18-2018 Newshound Guru Adam Montana Article: "OPEC Secretary General calls on oil producing countries to increase production" ...It was not too long ago that the "Oil and Petroleum Exporting Countries" came to an agreement (unanimous, if I recall correctly) to work together on regulating the production of oil, as a sort of "emergency" measure to keep the markets under control in some uncertain times. They all agreed to control their production. They made a big deal out of it. Iraq's position in this agreement is HUGE... mostly because they are barely even mentioned in all 39 of those pages!!! [post 1 of 2....stay tuned]
10-17-2018 Newshound/Intel Guru Mnt Goat THE PROJECT TO DELETE THE ZEROS IS IN MOTION...We are now seeing the very slow transition to the dependence on the smaller denominations as part of the plan. We know this is within the last steps of the plan. Soon they will launch out the next set of even yet smaller, smaller denominations...the initial removal of the 3 zeros will not impact the rate. ...They are not reducing the value or increasing the value of the dinar within the “initial” stages of the plan to delete the zeros. ...initially the rate in country will come out at about 1:1 for about 2-3 weeks prior to us seeing it on the global trading platforms. This gives the CBI time to monitor it and adjust for inflation. Then when it does finally come out on the exchanges, it will be adjusted to the new SDR basket and put on a float (as all currencies on the exchanges are on a float). There will probably be a fixed cap (a predetermined maximum rate).
10-17-2018 Newshound Guru Kaperoni I assure you nothing is going to happen with the dinar until the government is formed and parliament passes the necessary delinquent laws. I also expect the IMF to meet with the CBI. I have said on numerous occasions IMF Article VIII is critical to opening Iraq's banking to the world's Financial system. I don't see that happening until after the IMF meets with the CBI to have their Article IV Consultation which has been postponed til the formation of the gov.
10-17-2018 Newshound Guru Walkingstick [via Clare] A Sovereign Currency for a Sovereign Country...When a Governor puts a signature on currency it's because preparing to leave and go International / Global markets...Table has turned... CBI saying we are getting it Done! So much in place ...Very impressive...GOI tipped their hat by supporting Alak's signature...GOI is saying currency is going international...IQD is going to change the face of the global market, because of a Basket!
10-17-2018 Newshound/Intel Guru Mnt Goat CURRENT TARGET DATE BY THE CBI: I want everyone to understand that I have always been telling you that they are now targeting to reinstate the Iraqi dinar by the end of October (of 2018) and if they don’t do it then they know that they could be in jeopardy of having to wait into EARLY 2019 due to possible instability that may be caused by the ramped up new Iranian sanctions. This part of the plan to delete the zeros is not something you just snap your fingers and its done.
10-17-2018 Intel Guru Bruce I have heard they wanted to adjust the rates over the next day or two. Either Wednesday or Thursday they should have those where they want them to be for us to go. The rates are being traded upwards. So I am excited where we are going. We are coming up on it. I would say the intention is for this to go down in the next two to two and half days. Simple as that. I know in Iraq they have plans to celebrate... Wednesday, Thursday, and Saturday. I think they are ready for something to pop over there or they wouldn’t be setting up celebrations. People are excited about it. The ones we are talking to over there are excited about it, and they see this happening. [post 2 of 2]
10-17-2018 Intel Guru Bruce [via PinkRoses] ...it seems to an extent that we are waiting on Iraq to flip the switch for their own evaluation of their dinar publicly. We know it has been going up in value in country and on their debit card, the so called Qi cards for months now. We know it has not been made public on the CBI or anywhere else. ...Where we are is Iraq’s Prime Minister Mahdi is to select or has already selected the cabinet for the Parliament, his cabinet. That is to be given over to the Parliament to vote in on Sunday. Now that is for I believe is for something of a formality. I think what has happened is President Trump had a conversation very early in the morning...with Abadi to get this thing done in terms what Iraq needs to do with their Parliament, the seating of it, to have that done as well as their rate out published in 48 hours. I believe they are going to do that... [post 1 of 2....stay tuned]
10-17-2018 Newshound Guru chattels Article quote: "The government is forming smoothly and we are confident that the government will be formed before the constitutional deadline expires," The constitutional deadline expires on November 2/3 depending upon the news that one reads.
10-17-2018 Newshound/Intel Guru BGG Article: "Commission likely to announce the final results of the parliamentary elections by this date" Quote: "The spokesman for the Electoral Commission for Elections and Referendum in the Kurdistan Region, Monday, announced the final results of the parliamentary elections in Kurdistan within 5 to 7 days." There is a reason they haven’t been very forthcoming with these results… we shall soon see why.
10-17-2018 Newshound Guru Kaperoni I assure you nothing is going to happen with the dinar until the government is formed and parliament passes the necessary delinquent laws. I also expect the IMF to meet with the CBI. I have said on numerous occasions IMF Article VIII is critical to opening Iraq's banking to the world's Financial system. I don't see that happening until after the IMF meets with the CBI to have their Article IV Consultation which has been postponed til the formation of the gov.
10-17-2018 Newshound Guru Walkingstick [via Clare] A Sovereign Currency for a Sovereign Country...When a Governor puts a signature on currency it's because preparing to leave and go International / Global markets...Table has turned... CBI saying we are getting it Done! So much in place ...Very impressive...GOI tipped their hat by supporting Alak's signature...GOI is saying currency is going international...IQD is going to change the face of the global market, because of a Basket!
10-17-2018 Newshound/Intel Guru Mnt Goat CURRENT TARGET DATE BY THE CBI: I want everyone to understand that I have always been telling you that they are now targeting to reinstate the Iraqi dinar by the end of October (of 2018) and if they don’t do it then they know that they could be in jeopardy of having to wait into EARLY 2019 due to possible instability that may be caused by the ramped up new Iranian sanctions. This part of the plan to delete the zeros is not something you just snap your fingers and its done.
10-17-2018 Intel Guru Bruce I have heard they wanted to adjust the rates over the next day or two. Either Wednesday or Thursday they should have those where they want them to be for us to go. The rates are being traded upwards. So I am excited where we are going. We are coming up on it. I would say the intention is for this to go down in the next two to two and half days. Simple as that. I know in Iraq they have plans to celebrate... Wednesday, Thursday, and Saturday. I think they are ready for something to pop over there or they wouldn’t be setting up celebrations. People are excited about it. The ones we are talking to over there are excited about it, and they see this happening. [post 2 of 2]
10-17-2018 Intel Guru Bruce [via PinkRoses] ...it seems to an extent that we are waiting on Iraq to flip the switch for their own evaluation of their dinar publicly. We know it has been going up in value in country and on their debit card, the so called Qi cards for months now. We know it has not been made public on the CBI or anywhere else. ...Where we are is Iraq’s Prime Minister Mahdi is to select or has already selected the cabinet for the Parliament, his cabinet. That is to be given over to the Parliament to vote in on Sunday. Now that is for I believe is for something of a formality. I think what has happened is President Trump had a conversation very early in the morning...with Abadi to get this thing done in terms what Iraq needs to do with their Parliament, the seating of it, to have that done as well as their rate out published in 48 hours. I believe they are going to do that... [post 1 of 2....stay tuned]
10-17-2018 Newshound Guru chattels Article quote: "The government is forming smoothly and we are confident that the government will be formed before the constitutional deadline expires," The constitutional deadline expires on November 2/3 depending upon the news that one reads.
10-17-2018 Newshound/Intel Guru BGG Article: "Commission likely to announce the final results of the parliamentary elections by this date" Quote: "The spokesman for the Electoral Commission for Elections and Referendum in the Kurdistan Region, Monday, announced the final results of the parliamentary elections in Kurdistan within 5 to 7 days." There is a reason they haven’t been very forthcoming with these results… we shall soon see why.
10-16-2018 Newshound/Intel Guru Mnt Goat Article quote: "...the Financial Advisor to the Prime Minister confirmed the appearance of Mohammed Salih on Sunday that the sovereign wealth fund (now 20 trillion dollars (not dinars) will be launched next year 2019 after the implementation of the law of the National Oil Company, noting that the fund will be used for development purposes directly." Talk about “financial stability”? WOW!
10-16-2018 Newshound Guru Kaperoni Another article states...Iraq is going to have a great economic renaissance and investment from non-oil in the coming period. Let's hope.
10-16-2018 Intel Guru RayRen98 Iraqi news reports that PM Madhi will announce his complete cabinet on Thursday or Saturday. Bankers are meeting later today to discuss the release details and expected date of the RV.
10-16-2018 Newshound Guru Breitling …But if anything ever comes up…I will say hey guys shut it down, get rid of your dinar at any rate you can because it’s not going to revalue. I promise you that…nothing has changed. If the CBI has not put anything out then nothing has changed…unbelievable happy situation for us what Iraq wants to do…what Iran is plotting for Iraq to do. That’s what they want. All of a sudden it’s a big deal for Iraq to revalue because they [Iran] can benefit from it. Why? Because their country is being shut off from the world. That’s a huge plus for us. You should be excited. I’m not kidding, you should be very very excited because it means something. Now what’s the rate and what’s the date it’s going to come out? I haven’t got a clue… [Post 2 of 2]
10-16-2018 Newshound Guru Breitling If I see there is no path at all. I have no problem of telling you, ‘Hey guys this probably is not going to work out.’ I have absolutely no problem telling you all knock it off and get out. I’m not emotionally, physically, anything, attached to this. I’m speculating and I’m watching the numbers. Now I happen to think it’s going to revalue and I have absolute confidence that it’s going to. And you guys know why… because I’m showing you the numbers. I keep going over it over and over again. Absolute confidence. [Post 1 of 2: Stay tuned for the rest of the story]
10-16-2018 Newshound Guru chattels Eight days remaining for Mahdi to meet his targeted date of October 24 to form the next government.
10-16-2018 Newshound/Intel Guru Mnt Goat Article quote: "The initial draft of the budget law of 2019 INCLUDED A MAJOR ECONOMIC BOOM FOR THE COUNTRY. THIS INCREASE IN INVESTMENT SPENDING, WILL REVIVE THE PRIVATE SECTOR AND INVESTMENT IN THE COUNTRY, which contributes to increase the recruitment of labor and reduce unemployment rates in the country.” 2018 budget was based on $45+ for a barrel of oil. Oil is now almost double that amount $70+. So there is a huge surplus of oil revenues. Iraq is not only swimming in oil they are also swimming in mullah (money).
10-16-2018 Newshound Guru Kaperoni Another article states...Iraq is going to have a great economic renaissance and investment from non-oil in the coming period. Let's hope.
10-16-2018 Intel Guru RayRen98 Iraqi news reports that PM Madhi will announce his complete cabinet on Thursday or Saturday. Bankers are meeting later today to discuss the release details and expected date of the RV.
10-16-2018 Newshound Guru Breitling …But if anything ever comes up…I will say hey guys shut it down, get rid of your dinar at any rate you can because it’s not going to revalue. I promise you that…nothing has changed. If the CBI has not put anything out then nothing has changed…unbelievable happy situation for us what Iraq wants to do…what Iran is plotting for Iraq to do. That’s what they want. All of a sudden it’s a big deal for Iraq to revalue because they [Iran] can benefit from it. Why? Because their country is being shut off from the world. That’s a huge plus for us. You should be excited. I’m not kidding, you should be very very excited because it means something. Now what’s the rate and what’s the date it’s going to come out? I haven’t got a clue… [Post 2 of 2]
10-16-2018 Newshound Guru Breitling If I see there is no path at all. I have no problem of telling you, ‘Hey guys this probably is not going to work out.’ I have absolutely no problem telling you all knock it off and get out. I’m not emotionally, physically, anything, attached to this. I’m speculating and I’m watching the numbers. Now I happen to think it’s going to revalue and I have absolute confidence that it’s going to. And you guys know why… because I’m showing you the numbers. I keep going over it over and over again. Absolute confidence. [Post 1 of 2: Stay tuned for the rest of the story]
10-16-2018 Newshound Guru chattels Eight days remaining for Mahdi to meet his targeted date of October 24 to form the next government.
10-16-2018 Newshound/Intel Guru Mnt Goat Article quote: "The initial draft of the budget law of 2019 INCLUDED A MAJOR ECONOMIC BOOM FOR THE COUNTRY. THIS INCREASE IN INVESTMENT SPENDING, WILL REVIVE THE PRIVATE SECTOR AND INVESTMENT IN THE COUNTRY, which contributes to increase the recruitment of labor and reduce unemployment rates in the country.” 2018 budget was based on $45+ for a barrel of oil. Oil is now almost double that amount $70+. So there is a huge surplus of oil revenues. Iraq is not only swimming in oil they are also swimming in mullah (money).
10-15-2018 Newshound Guru Shredd Article: "Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion dinars" Quote: "The Central Bank of Iraq, on Thursday, that the deletion of zeros is still in place, indicating that the amount of cash mass in the market is 44 trillion dinars." Great to see this. We've talked a ton about this over the past several years. If this project continues, that means sufficient stability is achieved and that's exciting news.
10-15-2018 Newshound/Intel Guru Mnt Goat We know that much is changing... There is much in our favor and Iraq is more equipped to reinstate their currency now more than ever...It seems all indicators are VERY good that the CBI is targeting EARLY 2019 for the reinstatement of the Iraqi dinar...
10-15-2018 Intel Guru RayRen98 On Sunday, Iraqi TV reported that several members of Parliament are planning to refuse some of the names already submitted by Mahdi. If they do, the Prime Minister-Designate will have 30 days to get those names replaced.
10-15-2018 Newshound Guru Bloodloch Article: "CBI: No intention to withdraw new currencies" Quote: "The bank stresses that efforts are continuing to introduce more small paper classes..." More small classes. Plural. Fascinating.
10-15-2018 Newshound/Intel Guru Mnt Goat Article: "LATEST CURRENCY CRISIS IS A FABRICATED, A POLITICAL SENSATION AIMED AT HITTING THE NATIONAL CURRENCY AND THE NATIONAL ECONOMY" I would suggest everyone ignore...these articles about the new format of the currency and the signatures issues. The formats are all approved probably months is not years ago. So what is important in this article for us then? They are telling us the timing of the reinstatement is important as it coincides with high oil prices. Did I not tell everyone that this was something we had to look for and dependency on the timing? ...High Oil prices is part of having the “appropriate environment” for the RV.
10-15-2018 Newshound Guru Breitling Anyone can have an opinion on the Iraqi Dinar, up or down. It does not matter. That is not illegal…two, it is not illegal to sell Iraqi Dinar…Iraq is a country. It’s their currency. It’s not a scam. It’s a country’s currency…this is a legitimate opportunity. We are speculating on the time and the rate. It’s nothing but pure speculation… It's the CBI. They have the authority…Did the CBI put out a statement saying they were not going to revalue their currency? That they have no plan at all to add value to their currency? What about the Ministry of Finance? What about the Ministry of Planning? What about Parliament? That kind of narrows it down. You have four solid entities that you can watch…that you can get a bearing. It’s that simple…what matters is what the CBI says…the news coming out of Iraq is phenomenal!
10-15-2018 Newshound/Intel Guru Mnt Goat We know that much is changing... There is much in our favor and Iraq is more equipped to reinstate their currency now more than ever...It seems all indicators are VERY good that the CBI is targeting EARLY 2019 for the reinstatement of the Iraqi dinar...
10-15-2018 Intel Guru RayRen98 On Sunday, Iraqi TV reported that several members of Parliament are planning to refuse some of the names already submitted by Mahdi. If they do, the Prime Minister-Designate will have 30 days to get those names replaced.
10-15-2018 Newshound Guru Bloodloch Article: "CBI: No intention to withdraw new currencies" Quote: "The bank stresses that efforts are continuing to introduce more small paper classes..." More small classes. Plural. Fascinating.
10-15-2018 Newshound/Intel Guru Mnt Goat Article: "LATEST CURRENCY CRISIS IS A FABRICATED, A POLITICAL SENSATION AIMED AT HITTING THE NATIONAL CURRENCY AND THE NATIONAL ECONOMY" I would suggest everyone ignore...these articles about the new format of the currency and the signatures issues. The formats are all approved probably months is not years ago. So what is important in this article for us then? They are telling us the timing of the reinstatement is important as it coincides with high oil prices. Did I not tell everyone that this was something we had to look for and dependency on the timing? ...High Oil prices is part of having the “appropriate environment” for the RV.
10-15-2018 Newshound Guru Breitling Anyone can have an opinion on the Iraqi Dinar, up or down. It does not matter. That is not illegal…two, it is not illegal to sell Iraqi Dinar…Iraq is a country. It’s their currency. It’s not a scam. It’s a country’s currency…this is a legitimate opportunity. We are speculating on the time and the rate. It’s nothing but pure speculation… It's the CBI. They have the authority…Did the CBI put out a statement saying they were not going to revalue their currency? That they have no plan at all to add value to their currency? What about the Ministry of Finance? What about the Ministry of Planning? What about Parliament? That kind of narrows it down. You have four solid entities that you can watch…that you can get a bearing. It’s that simple…what matters is what the CBI says…the news coming out of Iraq is phenomenal!
10-14-2018 ***Dinar Guru News Update*** A bit of sad but promising news...Guest Guru BobTheTaxMan was having chest pains, got checked out and turns out he needed quadruple bypass surgery. The great news is he's doing fine now. He'll need some time to recover from major surgery. As always, regardless if you agree or disagree with his view on things...We're all one big happy community...be sure to send him a positive thought or prayer today. The latest guru posts will continue below...
10-14-2018 Intel Guru Frank26 ...if we see any more GOI seating, which we feel in our opinion, we’ll see, some AMAZING names, come up very soon. Theres also something else that we should see between now and next Monday. In my opinion, look for Mahdi to meet with the Central Bank of Iraq.
10-14-2018 Newshound Guru Don961 [In this article it states "Abdul Mahdi has 30 days to form his government and is likely to succeed" When did the 30 days start?] Nov. 3 is the end of the mandate to form a cabinet ... it can be satisfied any time before that of course.
10-14-2018 Intel/Newshound Guru sandyf Article quote: "Experts predict this announcement will trigger one of the most profound transfers of wealth in our lifetime." That was a quote from an article being discussed a few days ago. I said a while back that there were indications from outside dinarland of something positive this year and that is still the case. ...Obviously nothing is cast in stone but optimism is higher than ever before but not going to say too much in public.
10-14-2018 Newshound Guru chattels Article quote: "The new government will include independent ministers and other representatives from major parties, who will be selected before the deadline Abdul-Mahdi set on October 24." So, it appears that the constitutional deadline is November 2nd, but Mahdi has targeted October 24th as the date for the formation of the new/next government.
10-14-2018 Newshound Guru Currency365 Mohammed Saleh on Sunday said that the sovereign wealth fund will be launched next year after the implementation of the law of the National Oil Company, noting that funds will be used for development purposes directly...#iraq got money like crazy but pretend they poor lol
10-14-2018 Newshound Guru Breitling …If it doesn’t come from the CBI crumble it up in a little ball and throw it in the…trash! Because it means nothing. Remember, the authority comes from the CBi. If it does not come from the CBI, it does not exist…one of the scenarios out there, what if they do produce new notes? Like a 1000 note or the notes that are already out there that we have? There is nothing wrong with that. They gotta replace the currency sooner or later with new currency. This stuff gets damaged, it gets old…they honor different people or different heritage sites…that’s one of the new currencies coming out in Iraq - SUPPOSEDLY! Again I have not heard that from the CBI…it definitely didn’t come from parliament…It didn’t come from the Minister of Planning…It didn’t come from the Minister of Finance. So that’s pretty much it. You have the entities that can point Iraq into a certain direction and you have the actual entity that performs and manages it. That’s the CBI. Nothing in these articles say they’re in line with these entities…
10-14-2018 Newshound Guru MilitiaMan Article: "University of Ceyhan to host a symposium on the Iraqi currency next Monday" Quote: "the lecture will be about the importance of enhancing confidence in the Iraqi currency in light of the major challenges facing the global monetary system as a result of the economic war between the major powers." A high level show and tell on Monday, interesting. Timing of the 2019 budget that needs to be addressed by the HOR by the 15th, Monday. Confidence comes from a strong currency and 1190 is not strong, by any stretch of the means. An international rate (calculation) applied accordingly along with the new small categories with metals will do the trick, just as the economist told us that he doesn't mind the Alak signature on the currency, just get it to, or at least 1:1... lol
10-14-2018 Newshound Guru Don961 [In this article it states "Abdul Mahdi has 30 days to form his government and is likely to succeed" When did the 30 days start?] Nov. 3 is the end of the mandate to form a cabinet ... it can be satisfied any time before that of course.
10-14-2018 Intel/Newshound Guru sandyf Article quote: "Experts predict this announcement will trigger one of the most profound transfers of wealth in our lifetime." That was a quote from an article being discussed a few days ago. I said a while back that there were indications from outside dinarland of something positive this year and that is still the case. ...Obviously nothing is cast in stone but optimism is higher than ever before but not going to say too much in public.
10-14-2018 Newshound Guru chattels Article quote: "The new government will include independent ministers and other representatives from major parties, who will be selected before the deadline Abdul-Mahdi set on October 24." So, it appears that the constitutional deadline is November 2nd, but Mahdi has targeted October 24th as the date for the formation of the new/next government.
10-14-2018 Newshound Guru Currency365 Mohammed Saleh on Sunday said that the sovereign wealth fund will be launched next year after the implementation of the law of the National Oil Company, noting that funds will be used for development purposes directly...#iraq got money like crazy but pretend they poor lol
10-14-2018 Newshound Guru Breitling …If it doesn’t come from the CBI crumble it up in a little ball and throw it in the…trash! Because it means nothing. Remember, the authority comes from the CBi. If it does not come from the CBI, it does not exist…one of the scenarios out there, what if they do produce new notes? Like a 1000 note or the notes that are already out there that we have? There is nothing wrong with that. They gotta replace the currency sooner or later with new currency. This stuff gets damaged, it gets old…they honor different people or different heritage sites…that’s one of the new currencies coming out in Iraq - SUPPOSEDLY! Again I have not heard that from the CBI…it definitely didn’t come from parliament…It didn’t come from the Minister of Planning…It didn’t come from the Minister of Finance. So that’s pretty much it. You have the entities that can point Iraq into a certain direction and you have the actual entity that performs and manages it. That’s the CBI. Nothing in these articles say they’re in line with these entities…
10-14-2018 Newshound Guru MilitiaMan Article: "University of Ceyhan to host a symposium on the Iraqi currency next Monday" Quote: "the lecture will be about the importance of enhancing confidence in the Iraqi currency in light of the major challenges facing the global monetary system as a result of the economic war between the major powers." A high level show and tell on Monday, interesting. Timing of the 2019 budget that needs to be addressed by the HOR by the 15th, Monday. Confidence comes from a strong currency and 1190 is not strong, by any stretch of the means. An international rate (calculation) applied accordingly along with the new small categories with metals will do the trick, just as the economist told us that he doesn't mind the Alak signature on the currency, just get it to, or at least 1:1... lol
10-13-2018 Intel Guru RayRen98 On the Iraqi TV news, Prime Minister-Designate Madhi was stating that his cabinet will be selected and in place within the next 10 days. Parliament held its meeting today and announced the names of all of the new committees.
10-13-2018 Newshound Guru Phillyman ...I listened to [Guru] Breitlings latest. For what its worth he believes that Iran would support the RV (or whatever you want to label it) due to the major squeeze that the US and sanctions are putting on them. As you know, sanctions really notch up in November. I...found this article which just showed up in Iraq Business News to give me pause. "Iran ready to establish joint bank with Iraq" Quotes: "Iran’s private banks have reportedly laid the groundwork for setting up a joint bank with their counterparts in Iraq."; "...the bank would operate under the regulations of central banks of the two countries to facilitate money transfer." [reference Guru Breitling 10-13-2018]
10-13-2018 Newshound Guru Kaperoni Do y'all remember back in 2012 when al-Maliki ran the current CBI Governor Shabibi out of the country? Well in recent days the uprising over Ali al-Alaq signature on the new printed notes has the smell of Maliki. What I mean by that is all of the complaining that he didn't have authority to put a signature on the new notes, and now the recent lawsuit against him for doing so seems like an attempt to stop progress and monetary policy and its tracks. I may be wrong but this looks like an opportunity for Maliki to run Alaq out of his proxy CBI position just like he did Shabibi and slow down the CBI's attempt to develop banking and engage it with the world's financial system. Maliki has already found out that the best way to stop progress is to run the governor out of the CBI as it would set back progress several years. I hope I'm wrong and this is something that blows over in a few days and we can get back to taking steps forward.
10-13-2018 Newshound/Intel Guru Mnt Goat Article: "CBI SAYS... "PROJECT DELETE THE ZEROS OF THE IRAQI CURRENCY STILL STANDS," So the CBI...confirmed...that the plan was derived in 2011 and then postponed the last time in 2014 due to ISIS...The mere fact that: 1. the CBI is now taking action on the issuing of these new formatted smaller category notes; 2. this news in this article; 3. along with the timing of all of these items is telling us that the CBI is going ahead not [now?] with the project to delete the zeros. ...they did in fact shrink the money supply from about 130 trillion dinars to 44 trillion dinars. Now they next move is to convert the 44 trillion to 44 billion by dropping 3 zeros. 44,000,000,000,000 - goes to 44,000,000,000. This is all VERY good news and we should...getting our champaign chilled. Again I say let’s look for the 50 and 100 dinar notes to come out along with the coins. This will be our sign they are about to reinstate the currency back to the global exchanges for public trading.
10-13-2018 Newshound Guru Breitling Nothing but positive news, very very good news…very happy…coming out of Iraq…The articles coming out of Iraq and what they are going to do with their currency…All of a sudden you hear massive talk from Iran and the Shia inside of Iraq, ‘Hey maybe it’s a good idea that the dinar revalues.’…it’s exactly what I talked about before all of this went down a couple months ago. They are going to have to decide if they want to do business with the biggest economic engine in the history of all mankind, with the strongest currency that has ever existed in the history of all mankind and the biggest markets that have ever existed in all mankind or they can do business with…Iran. Now there’s a decision for you right? That’s what’s happening. This whole thing has to do with what Iran can have access to. They basically look at Iraq as their piggybank. So not only do they want to get as many US dollars out of Iraq, now they’re also saying, ‘Hey, it’s probably a cool idea…Iraq revalue it’s currency.’ It’s not just small talk…They are trying to add value to the currency.
10-13-2018 Intel Guru Frank26 He [Guru Walkingstick] said “When the second article comes out, with all the information, it literally tells you, we’re reinstating our currency. Yesss! They can come out with the rate change at that time.” But he’s telling me “No. This must NOT FAIL with the citizens! This must be perfect with the citizens! They are willing to continue baby-step them, and treat them gently, in introducing what they need to do.” ...We are not waiting for the reinstatement of the Iraqi dinar. We are now WELCOMING IT!
10-13-2018 Newshound Guru G-Lin Maliki has been the biggest resistance to the monetary change since 2010. I think this new parliament may take Iraq in a new direction. JMO.
10-13-2018 Newshound Guru Phillyman ...I listened to [Guru] Breitlings latest. For what its worth he believes that Iran would support the RV (or whatever you want to label it) due to the major squeeze that the US and sanctions are putting on them. As you know, sanctions really notch up in November. I...found this article which just showed up in Iraq Business News to give me pause. "Iran ready to establish joint bank with Iraq" Quotes: "Iran’s private banks have reportedly laid the groundwork for setting up a joint bank with their counterparts in Iraq."; "...the bank would operate under the regulations of central banks of the two countries to facilitate money transfer." [reference Guru Breitling 10-13-2018]
10-13-2018 Newshound Guru Kaperoni Do y'all remember back in 2012 when al-Maliki ran the current CBI Governor Shabibi out of the country? Well in recent days the uprising over Ali al-Alaq signature on the new printed notes has the smell of Maliki. What I mean by that is all of the complaining that he didn't have authority to put a signature on the new notes, and now the recent lawsuit against him for doing so seems like an attempt to stop progress and monetary policy and its tracks. I may be wrong but this looks like an opportunity for Maliki to run Alaq out of his proxy CBI position just like he did Shabibi and slow down the CBI's attempt to develop banking and engage it with the world's financial system. Maliki has already found out that the best way to stop progress is to run the governor out of the CBI as it would set back progress several years. I hope I'm wrong and this is something that blows over in a few days and we can get back to taking steps forward.
10-13-2018 Newshound/Intel Guru Mnt Goat Article: "CBI SAYS... "PROJECT DELETE THE ZEROS OF THE IRAQI CURRENCY STILL STANDS," So the CBI...confirmed...that the plan was derived in 2011 and then postponed the last time in 2014 due to ISIS...The mere fact that: 1. the CBI is now taking action on the issuing of these new formatted smaller category notes; 2. this news in this article; 3. along with the timing of all of these items is telling us that the CBI is going ahead not [now?] with the project to delete the zeros. ...they did in fact shrink the money supply from about 130 trillion dinars to 44 trillion dinars. Now they next move is to convert the 44 trillion to 44 billion by dropping 3 zeros. 44,000,000,000,000 - goes to 44,000,000,000. This is all VERY good news and we should...getting our champaign chilled. Again I say let’s look for the 50 and 100 dinar notes to come out along with the coins. This will be our sign they are about to reinstate the currency back to the global exchanges for public trading.
10-13-2018 Newshound Guru Breitling Nothing but positive news, very very good news…very happy…coming out of Iraq…The articles coming out of Iraq and what they are going to do with their currency…All of a sudden you hear massive talk from Iran and the Shia inside of Iraq, ‘Hey maybe it’s a good idea that the dinar revalues.’…it’s exactly what I talked about before all of this went down a couple months ago. They are going to have to decide if they want to do business with the biggest economic engine in the history of all mankind, with the strongest currency that has ever existed in the history of all mankind and the biggest markets that have ever existed in all mankind or they can do business with…Iran. Now there’s a decision for you right? That’s what’s happening. This whole thing has to do with what Iran can have access to. They basically look at Iraq as their piggybank. So not only do they want to get as many US dollars out of Iraq, now they’re also saying, ‘Hey, it’s probably a cool idea…Iraq revalue it’s currency.’ It’s not just small talk…They are trying to add value to the currency.
10-13-2018 Intel Guru Frank26 He [Guru Walkingstick] said “When the second article comes out, with all the information, it literally tells you, we’re reinstating our currency. Yesss! They can come out with the rate change at that time.” But he’s telling me “No. This must NOT FAIL with the citizens! This must be perfect with the citizens! They are willing to continue baby-step them, and treat them gently, in introducing what they need to do.” ...We are not waiting for the reinstatement of the Iraqi dinar. We are now WELCOMING IT!
10-13-2018 Newshound Guru G-Lin Maliki has been the biggest resistance to the monetary change since 2010. I think this new parliament may take Iraq in a new direction. JMO.
10-12-2018 Intel/Newshound Guru sandyf "Delete the zeros" or redenomination will take some time to prepare for implementation, usually about 2 years. In the meantime there are positive indications for a very good Christmas.
10-12-2018 Intel Guru Frank26 So the next part we’re looking for...and we already know this, but it’s the second article. It will give them the date of when the value is going to go up. It will tell them when they have to go to the bank. It will have the pictures of all the New Small Category Notes and the Coins, with the descriptions... It’s even going to explain to them why they are reinstating their currency.
10-12-2018 Intel Guru RayRen98 CBI Interim Governor and Board members will meet with Prime Minister designate Mahdi today. (Hmmmm, I wonder what’s up?) Is Mahdi being sworn in today? We’re still awaiting an answer to that one. [What does the Oct 24 date have to do with us?] No more excuses after Oct 24 – supposedly. Let's see if something exciting happens this weekend.
10-12-2018 Newshound Guru Bloodloch If the CBI does release notes in the 1 dinar to 100 dinar range in the near term, and if there is not an immediate and significant positive change in the exchange rates of the IQD to other national currencies, and I suspect there won't be, don't panic. There may be a very good reason for any significant changes in the exchange rates to stall for a short time while 40 million proud Iraqi citizens get acclimated to their new legal tender. It is vital that any possible release of new classes of currency be done in a way that maintains economic stability for all Iraqi citizens first and foremost.
10-12-2018 Intel Guru Delta For them to place more 1000 dinar notes, this gives you the indication that the 3 zero deletion, is coming off the exchange rate. Not from the currency. Otherwise, they never would have printed these. It’s not even a question now. Why they’re printing the 1000 dinar notes if they are going to get rid of them? Because it’s going to come off the exchange rate, and not from the currency by itself. This is really good news! This is a brilliant idea. Now for us of course, this is very important, but of course, we are waiting for the events for them to change the rate. We do believe, that along the way, the rate will change before they introduce the other Lower Denomination. That’s what we are looking for right now. [post 2 of 2]
10-12-2018 Intel Guru Delta We know that they are about to make their move. For them to print Lower Denominations, even the 250, 500, and even the 1000, this give you an indication that the rate has to increase. But definitely a lot of stuff going on. It looks like, for the suitable environment, like you said, and that is an excellent point. It looks like the CBI the rates will start gradually to make their move and we’ll see what the next move is going to be. [post 1 of 2....stay tuned]
10-12-2018 Newshound/Intel Guru Mnt Goat Article: "CBI CONFIRMS ON MONDAY OCT 8TH THAT THE CURRENT BANKNOTES OF THE CATEGORIES (25000, 10000, 1000, 500 AND 250) WILL CONTINUE TO BE TRADED WITH THE NEW CATEGORIES ISSUED BY THE BANK WITHOUT ANY INTENTION TO WITHDRAW THEM" ...We are NOT going to have an RV in the month of October or even in November. Our next possible window is maybe December or January... So the last move of the CBI is just reissuing the same denominations already in circulation (20k, 10k 250, 500 and 1000). Yes, this is significant in a way since they are putting “LARGE AMOUNTS” of these smaller categories namely 250, 500 and 1000 which means the citizens are taking to them and using them as petty cash. It is a slow process to get them to use them in daily transactions of small purchases instead of using the larger 3 zero notes and then having to make so much change all the time. But we know at some point the CBI will have to reinstate the dinar and give it a market rate so it can properly function and be traded globally.
10-12-2018 Newshound Guru Currency365 Al-Khakani [economist] stressed need to activate small notes for economic & financial benefits for the Iraqi consumer, including category 50 & 100 dinars...
10-12-2018 Intel Guru Frank26 So the next part we’re looking for...and we already know this, but it’s the second article. It will give them the date of when the value is going to go up. It will tell them when they have to go to the bank. It will have the pictures of all the New Small Category Notes and the Coins, with the descriptions... It’s even going to explain to them why they are reinstating their currency.
10-12-2018 Intel Guru RayRen98 CBI Interim Governor and Board members will meet with Prime Minister designate Mahdi today. (Hmmmm, I wonder what’s up?) Is Mahdi being sworn in today? We’re still awaiting an answer to that one. [What does the Oct 24 date have to do with us?] No more excuses after Oct 24 – supposedly. Let's see if something exciting happens this weekend.
10-12-2018 Newshound Guru Bloodloch If the CBI does release notes in the 1 dinar to 100 dinar range in the near term, and if there is not an immediate and significant positive change in the exchange rates of the IQD to other national currencies, and I suspect there won't be, don't panic. There may be a very good reason for any significant changes in the exchange rates to stall for a short time while 40 million proud Iraqi citizens get acclimated to their new legal tender. It is vital that any possible release of new classes of currency be done in a way that maintains economic stability for all Iraqi citizens first and foremost.
10-12-2018 Intel Guru Delta For them to place more 1000 dinar notes, this gives you the indication that the 3 zero deletion, is coming off the exchange rate. Not from the currency. Otherwise, they never would have printed these. It’s not even a question now. Why they’re printing the 1000 dinar notes if they are going to get rid of them? Because it’s going to come off the exchange rate, and not from the currency by itself. This is really good news! This is a brilliant idea. Now for us of course, this is very important, but of course, we are waiting for the events for them to change the rate. We do believe, that along the way, the rate will change before they introduce the other Lower Denomination. That’s what we are looking for right now. [post 2 of 2]
10-12-2018 Intel Guru Delta We know that they are about to make their move. For them to print Lower Denominations, even the 250, 500, and even the 1000, this give you an indication that the rate has to increase. But definitely a lot of stuff going on. It looks like, for the suitable environment, like you said, and that is an excellent point. It looks like the CBI the rates will start gradually to make their move and we’ll see what the next move is going to be. [post 1 of 2....stay tuned]
10-12-2018 Newshound/Intel Guru Mnt Goat Article: "CBI CONFIRMS ON MONDAY OCT 8TH THAT THE CURRENT BANKNOTES OF THE CATEGORIES (25000, 10000, 1000, 500 AND 250) WILL CONTINUE TO BE TRADED WITH THE NEW CATEGORIES ISSUED BY THE BANK WITHOUT ANY INTENTION TO WITHDRAW THEM" ...We are NOT going to have an RV in the month of October or even in November. Our next possible window is maybe December or January... So the last move of the CBI is just reissuing the same denominations already in circulation (20k, 10k 250, 500 and 1000). Yes, this is significant in a way since they are putting “LARGE AMOUNTS” of these smaller categories namely 250, 500 and 1000 which means the citizens are taking to them and using them as petty cash. It is a slow process to get them to use them in daily transactions of small purchases instead of using the larger 3 zero notes and then having to make so much change all the time. But we know at some point the CBI will have to reinstate the dinar and give it a market rate so it can properly function and be traded globally.
10-12-2018 Newshound Guru Currency365 Al-Khakani [economist] stressed need to activate small notes for economic & financial benefits for the Iraqi consumer, including category 50 & 100 dinars...
10-11-2018 Intel Guru Delta ...It looks like the 1000 dinar is going to last for a long time, because for them to spend the money in printing, and this is a new design. So looks like, basically, for all of those denominations are going to be forever, until they phase them out, exactly like the US had before. This is exactly what they told us, and it looks like absolutely, you’re right. [reference Frank26 post 10-11-2018] They are going to come up with the 250 and 500,000, but first they’re looking at the other ones, because you all know that the other ones required the rate changes. This is really significant. Really amazing...this gives you an indication that the rate has to increase.
10-11-2018 Intel Guru Frank26 ...the article, that came out last month, not only said about this happening, but they also said that after that, they would be introducing the new smaller category notes. ...In other words...in my opinion, right there, they just telegraphed, that next week, or within this month, very shortly, the NEXT GROUP is going to come out! The Small Notes, the 1, the 5, the 10, the four coins…the one that requires a change in the rate! This is HAPPENING...right before our eyes! And all because, the Final Suitable Environment has been established within that government. In my opinion. [post 2 of 2]
10-11-2018 Intel Guru Frank26 Remember...I told you that the most important thing for us is to see that the Lower Denoms’ get replaced...Because they’re worn and torn...And it’s really important, as part of the Monetary Reform, the redenomination. Well, Lo and Behold...What did you see...An article that tells you that they have distributed the 250, the 500, the 1000… the Lower Denoms! ...We really felt that it would be this week, that they would release the lower denoms...the 250, the 500, the 1000...But… [post 1 of 2....stay tuned]
10-11-2018 Intel Guru RayRen98 The Central Bank of Iraq (CBI) reports that deleting the 3 zeros is still intended to take place (and possibly soon). This project was targeted for launch in 2011 and met political opposition and then again 2014, but was postponed due to ISIS. Iraqi TV reports that October 24 is the deadline for cabinet submittals, then Parliament will vote on the received names. Reports indicate that Prime Minister-Designate Madhi and his members are prepared to meet the October 24 deadline to complete the cabinet and send to Parliament for approval.
10-11-2018 Newshound/Intel Guru Bluedog CAN'T STOP THE FEELING!...To what's coming, and now we need to get ready... and prepare NOW... IMO.
10-11-2018 Newshound Guru Bloodloch What I do believe is that they may be preparing to issue VLD (Very Low Denomination) classes of currency in addition to the three-zero notes, the latter being phased out in the natural course of almost 40 million Iraqis going about their daily lives, buying and selling, earning and consuming, transacting normal business in favor of the new, dimensionally smaller, lower face value, maybe even prettier and more patriotic, VLD notes. It is possible this gravitation could have a pronounced effect on various macroeconomic values and ratios, which may, in turn, have further pronounced effects on things like intrinsic values and purchasing power, all occurring at reasonably controllable, predictable speeds. And if this turns out to be true, it might end up being said in retrospect that never was the term "less is more" more profoundly appropriate. [post 2 of 2]
10-11-2018 Newshound Guru Bloodloch Newshound/Intel Guru Mnt Goat quote: "...the day the reinstatement occurs and the rate changes they are NOT dropping the three zero's and 5,000 will not become 5 and 25,000 will not becomes 25 in-country or out of country. The CBI has told us many times over and over again in multiple articles that these older 3 zero notes will “coincide” with the smaller category notes." I agree 100% with Mt Goat's statement. Upon reading, it occurred to me that I may have been unclear in one of my earlier posts. ...some may have thought that I was suggesting they were simply going to drop the 3 zeros from their existing currency. Not at all. [post 1 of 2....stay tuned]
10-11-2018 Newshound/Intel Guru Mnt Goat ...It is clear as day that these 25000 and 10000 notes will coincide with the 250, 500 and 1000 and even yet smaller notes later. The project to delete the zeros is now underway and has been underway. This is not about a LOP in or out of country. It is literally NOT going to drop the three zeros from the currency that already exists. This is a figurative statement in that the newer smaller category notes will REPLACE the older 3 zero notes in everyday, common use by the citizens. That is all this statement means. ...They then will have to raise the rate once the economy and political environment is “suitable” to do so. [post 2 of 2]
10-11-2018 Newshound/Intel Guru Mnt Goat ...the day the reinstatement occurs and the rate changes they are NOT dropping the three zero's and 5,000 will not become 5 and 25,000 will not becomes 25 in-country or out of country. The CBI has told us many times over and over again in multiple articles that these older 3 zero notes will “coincide” with the smaller category notes. In fact just the other day an article came out and they reinforced this policy again. I quote from the article – “The Central Bank of Iraq issued its second edition of the banknotes of the categories of (25000, 10000, 1000, 500, 250) dinars, stressing that he will continue trading circulation of cash currently traded from the above categories with the new categories WITHOUT ANY INTENTION TO WITHDRAW FROM CIRCULATION.” [post 1 of 2....stay tuned]
10-11-2018 Intel Guru Frank26 ...the article, that came out last month, not only said about this happening, but they also said that after that, they would be introducing the new smaller category notes. ...In other words...in my opinion, right there, they just telegraphed, that next week, or within this month, very shortly, the NEXT GROUP is going to come out! The Small Notes, the 1, the 5, the 10, the four coins…the one that requires a change in the rate! This is HAPPENING...right before our eyes! And all because, the Final Suitable Environment has been established within that government. In my opinion. [post 2 of 2]
10-11-2018 Intel Guru Frank26 Remember...I told you that the most important thing for us is to see that the Lower Denoms’ get replaced...Because they’re worn and torn...And it’s really important, as part of the Monetary Reform, the redenomination. Well, Lo and Behold...What did you see...An article that tells you that they have distributed the 250, the 500, the 1000… the Lower Denoms! ...We really felt that it would be this week, that they would release the lower denoms...the 250, the 500, the 1000...But… [post 1 of 2....stay tuned]
10-11-2018 Intel Guru RayRen98 The Central Bank of Iraq (CBI) reports that deleting the 3 zeros is still intended to take place (and possibly soon). This project was targeted for launch in 2011 and met political opposition and then again 2014, but was postponed due to ISIS. Iraqi TV reports that October 24 is the deadline for cabinet submittals, then Parliament will vote on the received names. Reports indicate that Prime Minister-Designate Madhi and his members are prepared to meet the October 24 deadline to complete the cabinet and send to Parliament for approval.
10-11-2018 Newshound/Intel Guru Bluedog CAN'T STOP THE FEELING!...To what's coming, and now we need to get ready... and prepare NOW... IMO.
10-11-2018 Newshound Guru Bloodloch What I do believe is that they may be preparing to issue VLD (Very Low Denomination) classes of currency in addition to the three-zero notes, the latter being phased out in the natural course of almost 40 million Iraqis going about their daily lives, buying and selling, earning and consuming, transacting normal business in favor of the new, dimensionally smaller, lower face value, maybe even prettier and more patriotic, VLD notes. It is possible this gravitation could have a pronounced effect on various macroeconomic values and ratios, which may, in turn, have further pronounced effects on things like intrinsic values and purchasing power, all occurring at reasonably controllable, predictable speeds. And if this turns out to be true, it might end up being said in retrospect that never was the term "less is more" more profoundly appropriate. [post 2 of 2]
10-11-2018 Newshound Guru Bloodloch Newshound/Intel Guru Mnt Goat quote: "...the day the reinstatement occurs and the rate changes they are NOT dropping the three zero's and 5,000 will not become 5 and 25,000 will not becomes 25 in-country or out of country. The CBI has told us many times over and over again in multiple articles that these older 3 zero notes will “coincide” with the smaller category notes." I agree 100% with Mt Goat's statement. Upon reading, it occurred to me that I may have been unclear in one of my earlier posts. ...some may have thought that I was suggesting they were simply going to drop the 3 zeros from their existing currency. Not at all. [post 1 of 2....stay tuned]
10-11-2018 Newshound/Intel Guru Mnt Goat ...It is clear as day that these 25000 and 10000 notes will coincide with the 250, 500 and 1000 and even yet smaller notes later. The project to delete the zeros is now underway and has been underway. This is not about a LOP in or out of country. It is literally NOT going to drop the three zeros from the currency that already exists. This is a figurative statement in that the newer smaller category notes will REPLACE the older 3 zero notes in everyday, common use by the citizens. That is all this statement means. ...They then will have to raise the rate once the economy and political environment is “suitable” to do so. [post 2 of 2]
10-11-2018 Newshound/Intel Guru Mnt Goat ...the day the reinstatement occurs and the rate changes they are NOT dropping the three zero's and 5,000 will not become 5 and 25,000 will not becomes 25 in-country or out of country. The CBI has told us many times over and over again in multiple articles that these older 3 zero notes will “coincide” with the smaller category notes. In fact just the other day an article came out and they reinforced this policy again. I quote from the article – “The Central Bank of Iraq issued its second edition of the banknotes of the categories of (25000, 10000, 1000, 500, 250) dinars, stressing that he will continue trading circulation of cash currently traded from the above categories with the new categories WITHOUT ANY INTENTION TO WITHDRAW FROM CIRCULATION.” [post 1 of 2....stay tuned]
10-10-2018 Newshound Guru MilitiaMan Article: "Karbouli of the relationship: I will accept to put your picture if the dinar is equal to the dollar" I wouldn't be surprised that tomorrows meeting in parliament, with Mahdi, Alak and CBI Board members could not only pave the way for new small categories, but, a new seated CBI Governor.. Take a bow Alak... lol Just thinking out loud...He did get a recent award for doing a fine job?? Now he has his name on the Currency. I don't buy that was a mistake or even will be costly for him. In fact, it looks more like it was planned, as the CBI board would know the legalities of such a move and knew of the consequences of their actions. I pray those consequences are one nice new internationally recognized rate less a few zeros... imo Lets let the dust settle from tomorrow and see if they expose the new smalls once the banks in Iraq close, like they did last Thursday.. I like Sundays too.. lol.
10-10-2018 Intel Guru Frank26 Article: "Karbouli of the relationship: I will accept to put your picture if the dinar is equal to the dollar" THE KEY IN THE ARTICLE IS THE AVOWAL OF A...1 TO 1!!! IMO...ALAK HAS NEVER WANTED HIS NAME / PIC ON THE CURRENCY...BUT HE DOES NOW...WHY? BECAUSE IT WILL NOT BE PART OF A PROGRAM RATE CURRENCY...AND HE NOW WANTS TO BE A PART OF IRAQ'S HISTORY...FOR THIS NEW CURRENCY WILL BE FOREVER REMEMBERED AND STUDIES IN IRAQI SCHOOLS AND THEIR MARKETS!!! ...ALAK SIMPLY WANTS TO BE SIDED WITH THE SUCCESS OF IRAQ INTO THE FUTURE. SO DO WE AS IQD INVESTORS...(wink) THE TIMING OF THE REASON...THE KEY.
10-10-2018 Newshound Guru Adam Montana ...PM Mahdi is tasked with the job of forming the government. A strong key to the future value of Iraqi Dinar is, as I mentioned earlier, OIL. Oh, did I mention that incoming Prime Minister Abdul Mahdi served as OIL MINISTER between 2014 and 2016? ...and he was placed there under Abadi, back when it was Abadi’s job to form the GOI. Even before that, Mahdi was Finance Minister under Allawi back in 2004. This new Prime Minister may not be everyone’s favorite… but he has some very serious credentials, and I think he’s going to play very nice with all of the important people in this process. New President, New PM, solid progress already happening. This recent election is a ROARING success for Iraq. If this keeps up, we’re looking at progress like we’ve never seen before - the HCL is going to be upon us before we even realize it, and if you aren’t watching for that RV text...you might miss it! I’m ready at a moment’s notice…are you? [post 3 of 3]
10-10-2018 Newshound Guru Adam Montana According to the Iraqi Constitution, the new PM has exactly 30 days from taking the role to seat/appoint/select the new GOI. For those of you new to the discussion, that means nothing… if it takes longer than 30 days, nobody is getting hanged, tarred and feathered, or anything else. I expect to see the job 80% done inside the “mandatory” 30 days… but that 80% is probably enough for the job we need done...Follow recent history over the last couple years, glance at the recent elections, then compare them to the elections that were held over 10 years ago when many Iraqi Dinar holders first heard that there was an opportunity for the Dinar to regain it’s former value… OH. WHAT. A. DIFFERENCE! ...they have control of their systems. They didn’t have to call for help on anything. And that is EXACTLY what we want to see, what the world wants to see, in order to support a revaluation on their currency. [post 2 of 3....stay tuned]
10-10-2018 Newshound Guru Adam Montana Iraq, in a rare move that surprised many..., appointed a President (Barham Salih) and the newly anointed one promptly gave us a new Prime Minister, Adil Abdul Mahdi...TWO accomplishments in one swift move? In the same week!? ...Believe it or not, it happened, and we’re off to the races. ...let’s remember what this really comes down to… OIL. For us to profit off of a rise in value on the currency of Iraq, they must raise the exchange rate. ...A revaluation of their currency was a long shot in 2008, but it was certainly possible. Now, in 2018, it’s much less of a long shot. In fact, with the complete passage of the HCL, it’s almost a certainty. [post 1 of 3....stay tuned]
10-10-2018 Newshound Guru Kaperoni I have not stated anything... regarding an RV or an RI in over 6 years. And yes the first four years I was in this investment I did think it was a possibility until I became more educated. Central banks don't spend 90 billion dinars to reprint existing currency unless they expected to be in circulation for at least a few years. If anything this should put an end to the...nonsense. There is no overnight event. The only possible positive outlook on the dinar would be a gradual appreciation via float over time...I've said so for 6 years there is no RV RI. Monetary policy is a name used by central banks to categorize tools that they use to maintain exchange rates. Floating the currency is one of those tools as it is used to combat inflationary pressure created by an influx of capital and investment. That is how monetary policy works. It's not some random act...
10-10-2018 Intel Guru Frank26 [via Clare] The MR is the Hottest thing in Iraq!!! It's happening/wrapping up, right before our eyes...just as we've been told to expect.
10-10-2018 Intel Guru Bruce [via Pinkroses] ...October 9th in the US, Iraqi dinar was traded on Forex and also on the Nasdaq and also on the CBOE, Chicago Board of Exchange. That maybe affiliated with the Chicago Mercantile Exchange. I am not sure. I do not know the rate...on the screens for the dinar, but I do know that there is a very high back screen rate that has been talked about...they go up and down, and it is just not responsible to give you rates...and they change. ...Be aware this can very well go before hurricane Michael even hits land. I am not calling it. Just beware that things are happening...The timing is getting so close...I am in high alert status...
10-10-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQ’S MONTHLY REVENUES FROM OIL EXPORTS EXCEEDED THEIR HIGHEST LEVELS EVER" I still believe we need the oil revenues to [be] high in preparation for the reinstatement. Just a condition they needed and now have once again. This is part of the “more suitable environment” the CBI is talking about.
10-10-2018 Intel Guru Frank26 Article: "Karbouli of the relationship: I will accept to put your picture if the dinar is equal to the dollar" THE KEY IN THE ARTICLE IS THE AVOWAL OF A...1 TO 1!!! IMO...ALAK HAS NEVER WANTED HIS NAME / PIC ON THE CURRENCY...BUT HE DOES NOW...WHY? BECAUSE IT WILL NOT BE PART OF A PROGRAM RATE CURRENCY...AND HE NOW WANTS TO BE A PART OF IRAQ'S HISTORY...FOR THIS NEW CURRENCY WILL BE FOREVER REMEMBERED AND STUDIES IN IRAQI SCHOOLS AND THEIR MARKETS!!! ...ALAK SIMPLY WANTS TO BE SIDED WITH THE SUCCESS OF IRAQ INTO THE FUTURE. SO DO WE AS IQD INVESTORS...(wink) THE TIMING OF THE REASON...THE KEY.
10-10-2018 Newshound Guru Adam Montana ...PM Mahdi is tasked with the job of forming the government. A strong key to the future value of Iraqi Dinar is, as I mentioned earlier, OIL. Oh, did I mention that incoming Prime Minister Abdul Mahdi served as OIL MINISTER between 2014 and 2016? ...and he was placed there under Abadi, back when it was Abadi’s job to form the GOI. Even before that, Mahdi was Finance Minister under Allawi back in 2004. This new Prime Minister may not be everyone’s favorite… but he has some very serious credentials, and I think he’s going to play very nice with all of the important people in this process. New President, New PM, solid progress already happening. This recent election is a ROARING success for Iraq. If this keeps up, we’re looking at progress like we’ve never seen before - the HCL is going to be upon us before we even realize it, and if you aren’t watching for that RV text...you might miss it! I’m ready at a moment’s notice…are you? [post 3 of 3]
10-10-2018 Newshound Guru Adam Montana According to the Iraqi Constitution, the new PM has exactly 30 days from taking the role to seat/appoint/select the new GOI. For those of you new to the discussion, that means nothing… if it takes longer than 30 days, nobody is getting hanged, tarred and feathered, or anything else. I expect to see the job 80% done inside the “mandatory” 30 days… but that 80% is probably enough for the job we need done...Follow recent history over the last couple years, glance at the recent elections, then compare them to the elections that were held over 10 years ago when many Iraqi Dinar holders first heard that there was an opportunity for the Dinar to regain it’s former value… OH. WHAT. A. DIFFERENCE! ...they have control of their systems. They didn’t have to call for help on anything. And that is EXACTLY what we want to see, what the world wants to see, in order to support a revaluation on their currency. [post 2 of 3....stay tuned]
10-10-2018 Newshound Guru Adam Montana Iraq, in a rare move that surprised many..., appointed a President (Barham Salih) and the newly anointed one promptly gave us a new Prime Minister, Adil Abdul Mahdi...TWO accomplishments in one swift move? In the same week!? ...Believe it or not, it happened, and we’re off to the races. ...let’s remember what this really comes down to… OIL. For us to profit off of a rise in value on the currency of Iraq, they must raise the exchange rate. ...A revaluation of their currency was a long shot in 2008, but it was certainly possible. Now, in 2018, it’s much less of a long shot. In fact, with the complete passage of the HCL, it’s almost a certainty. [post 1 of 3....stay tuned]
10-10-2018 Newshound Guru Kaperoni I have not stated anything... regarding an RV or an RI in over 6 years. And yes the first four years I was in this investment I did think it was a possibility until I became more educated. Central banks don't spend 90 billion dinars to reprint existing currency unless they expected to be in circulation for at least a few years. If anything this should put an end to the...nonsense. There is no overnight event. The only possible positive outlook on the dinar would be a gradual appreciation via float over time...I've said so for 6 years there is no RV RI. Monetary policy is a name used by central banks to categorize tools that they use to maintain exchange rates. Floating the currency is one of those tools as it is used to combat inflationary pressure created by an influx of capital and investment. That is how monetary policy works. It's not some random act...
10-10-2018 Intel Guru Frank26 [via Clare] The MR is the Hottest thing in Iraq!!! It's happening/wrapping up, right before our eyes...just as we've been told to expect.
10-10-2018 Intel Guru Bruce [via Pinkroses] ...October 9th in the US, Iraqi dinar was traded on Forex and also on the Nasdaq and also on the CBOE, Chicago Board of Exchange. That maybe affiliated with the Chicago Mercantile Exchange. I am not sure. I do not know the rate...on the screens for the dinar, but I do know that there is a very high back screen rate that has been talked about...they go up and down, and it is just not responsible to give you rates...and they change. ...Be aware this can very well go before hurricane Michael even hits land. I am not calling it. Just beware that things are happening...The timing is getting so close...I am in high alert status...
10-10-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQ’S MONTHLY REVENUES FROM OIL EXPORTS EXCEEDED THEIR HIGHEST LEVELS EVER" I still believe we need the oil revenues to [be] high in preparation for the reinstatement. Just a condition they needed and now have once again. This is part of the “more suitable environment” the CBI is talking about.
10-9-2018 Newshound Guru Kaperoni The Iraqi British Business Councel (IBBC) met with Iraqi authorities including the CBI gov yesterday. The IBBC is hosting a conference in Dubai for Iraqi reconstruction in Nov. As well we have the Iraqi investment and banking conference in Nov (rescheduled from Sept) and the Baghdad International Fair (also rescheduled) ...so Nov is shaping up to be an exciting month.
10-9-2018 Intel Guru Frank26 ...WILL NOT SAY MUCH MORE...BECAUSE YOU KNOW THE ONLY THING WE SEEK...THAT IMO IS COMING.
10-9-2018 Intel/Newshound Guru Poppy3 ONE MORE THING...THERE WILL NOT BE RUNS ON OUR BANKS TO CASH YOUR DINAR, NOR WILL THERE BE ANY SPECIAL 800 NUMBERS FOR YOU TO MAKE APPOINTMENTS TO CASH YOUR DINAR.
10-9-2018 Newshound/Intel Guru Mnt Goat Article: "POLITICAL BLOCS SENT THE NAMES OF CANDIDATES FOR THE MINISTERIAL POSTS TO PRIME MINISTER-DESIGNATE ADEL ABDUL-MAHDI" ...we see Iraq now working hard to get the ministries appointed for his cabinet. He wants to reduce them from 22 to 15. This will make the selection go faster and save a ton of money in the process.
10-9-2018 Newshound Guru Bloodloch [I don't understand the purpose the 1000 dinar notes if the currency is going to be on par (or greater) to the dollar anytime soon...] They may be doing it exactly as Kap [Guru Kaperoni] describes, although I do perceive an element of instability that could occur when a severely depleted-in-value IQD suddenly finds itself openly traded on the Forex with a 100,000% ROI over 3 years potential. If they, on the other hand, take a different, less-random route, and if they want to target completion at or around the first of the year, they would need to show their cards within the next few weeks. [reference Kaperoni post 10-6-2018]
10-9-2018 Newshound Guru Currency365 release of lower notes (DONE)...full 2nd article telling citizens about EVERYTHING (COMING)... Purchasing Power (COMING)...Small notes (COMING)...Confusions turned into Smiles!!!
10-9-2018 Intel Guru Frank26 ...WILL NOT SAY MUCH MORE...BECAUSE YOU KNOW THE ONLY THING WE SEEK...THAT IMO IS COMING.
10-9-2018 Intel/Newshound Guru Poppy3 ONE MORE THING...THERE WILL NOT BE RUNS ON OUR BANKS TO CASH YOUR DINAR, NOR WILL THERE BE ANY SPECIAL 800 NUMBERS FOR YOU TO MAKE APPOINTMENTS TO CASH YOUR DINAR.
10-9-2018 Newshound/Intel Guru Mnt Goat Article: "POLITICAL BLOCS SENT THE NAMES OF CANDIDATES FOR THE MINISTERIAL POSTS TO PRIME MINISTER-DESIGNATE ADEL ABDUL-MAHDI" ...we see Iraq now working hard to get the ministries appointed for his cabinet. He wants to reduce them from 22 to 15. This will make the selection go faster and save a ton of money in the process.
10-9-2018 Newshound Guru Bloodloch [I don't understand the purpose the 1000 dinar notes if the currency is going to be on par (or greater) to the dollar anytime soon...] They may be doing it exactly as Kap [Guru Kaperoni] describes, although I do perceive an element of instability that could occur when a severely depleted-in-value IQD suddenly finds itself openly traded on the Forex with a 100,000% ROI over 3 years potential. If they, on the other hand, take a different, less-random route, and if they want to target completion at or around the first of the year, they would need to show their cards within the next few weeks. [reference Kaperoni post 10-6-2018]
10-9-2018 Newshound Guru Currency365 release of lower notes (DONE)...full 2nd article telling citizens about EVERYTHING (COMING)... Purchasing Power (COMING)...Small notes (COMING)...Confusions turned into Smiles!!!
10-8-2018 Intel/Newshound Guru Poppy3 FOR THOSE THAT HAVE BEEN INVESTED FOR 10 YRS OR MORE IM SURE YOU REMEMBER, POPPY1, P0PPY2 AND POPPY3 HAVE BEEN SAYING FOR YEARS THAT NO SUCH THING AS A GCR WOULD EVER HAPPEN BECAUSE OF SEVERAL REASONS. WELL SEEM TODAY MANY...THAT ALWAYS WANTED TO ARGUE THAT I WAS WRONG ARE NOW THEMSELVES SAYING THE GCR WILL NOT HAPPEN. FRIENDS ONLY THE COUNTRIES THAT TRADE DAILY WITH IRAQ WILL HAVE TO ADJUST THEIR RATE TO MAINTAIN EQUAL TRADE VALUE. I REST MY CASE AGAIN.
10-8-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAQ ISSUED ITS SECOND EDITION OF THE BANKNOTES OF THE CATEGORIES OF (25000, 10000, 1000, 500, 250) DINARS" ...we should not be worried that the CBI is issuing yet more of the 25 and 10k notes. We have been told many times these notes will coincide with the smaller categories and eventually will be needed in trade for large sums of debt. So this is actually something good as they are following what they said they would do. Remember they are “replacing” these larger notes with a new version not introducing more volume of currency in circulation. They already have the needed balance and quota needed by reducing the currency volume already by 2/3.
10-8-2018 Newshound Guru Currency365 (Central Bank of Iraq launched small amounts of coins to the market with changes in its design) ...This is talking about the 1,000, 500, 250 notes not the 1, 5, 10, 20 ...completion of lower notes should bring out the Full Second Article...then lift value & new small notes..
10-8-2018 Newshound/Intel Guru Mnt Goat Why...did the CBI issue these new version format of the 1000 dinar? ...they said in other recent past articles, that the 1000 dinar note was being counterfeited already since they know the value is going to shortly seriously go up and this is going to be the largest of the smaller category notes widely within the public circulation. ...So what timeframe do you thin the CBI might now be thinking of to reinstate the dinar? ...I can say this with much confidence that the CBI may very well target again the December into January timeframe for the reinstatement of the Iraqi dinar based on past history of target dates. So, if this new government is formed and no major events happen that cause alarm or instability we may be in a good window at that time. [post 3 of 3]
10-8-2018 Newshound/Intel Guru Mnt Goat So why is the CBI putting out so many of the smaller categories like the 250, 500 and 1,000 notes? This is because more people are now able to use these notes for daily transactions for petty cash thus they are getting citizens used to thinking in terms of smaller denominated notes. But we know at some point they must also raise the value of these notes. But when is exactly this optimum time? We know that in all of the targeted reinstatement timeframes (...CBI timeframes...) that they intended to go always in the month of December – January. ...Then we also find out that the CBI...began the replacement of 25000 and 10000 notes that are now in circulation. This move is not a contradiction of the process to delete the zeros since they are replacing these 3 zero notes as they also told us once again and I quote – “WITHOUT ANY INTENTION TO WITHDRAW FROM CIRCULATION". So again they told us these 3 zero notes will coincide with the smaller category notes. [post 2 of 3....stay tuned]
10-8-2018 Newshound/Intel Guru Mnt Goat Article: “BAGHDAD - The Central Bank of Iraq announced on Saturday the launch of large quantities of currency for small groups this week." Quotes: "put large quantities of small groups to meet the need for daily transactions and the quality of the material has been improved". "...a small change will be made in the NEW FORM THAT WILL BE PUT FORWARD FOR TRADING NEXT WEEK, knowing that the deal will be in the form of new and old together without discrimination." The CBI told us that they had a new format or “form” for the smaller categories that they were going to launch next week (this week). ...we are told that the new edition of the notes will “coincide” just as we were told already many times before. [post 1 of 3....stay tuned]
10-8-2018 Newshound Guru Kaperoni CBI gets ready to introduce replacement currency 250, 500, 1000 dinars. This new currency only makes sense if they expect them to be in circulation for a while. No overnight event! The dinar will only rise gradually via a float. That is how monetary policy works. Raising the value of the Iraqi dinar is part of a much bigger process...integrating Iraq's financial system into the worlds banking system. That process includes the CBI accepting Article VIII of the IMF charter and moving to a new exchange rate regime. The reason the CBI must move away from it's current exchange rate regime (peg) is to counter inflationary pressure created when large amounts of capital and investment comes into Iraq. The new exchange rate regime will be a float allowing the CBI to counter this pressure by gradually raising the value. The good news is as I have said before is that I expect that process to start very soon.
10-8-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAQ ISSUED ITS SECOND EDITION OF THE BANKNOTES OF THE CATEGORIES OF (25000, 10000, 1000, 500, 250) DINARS" ...we should not be worried that the CBI is issuing yet more of the 25 and 10k notes. We have been told many times these notes will coincide with the smaller categories and eventually will be needed in trade for large sums of debt. So this is actually something good as they are following what they said they would do. Remember they are “replacing” these larger notes with a new version not introducing more volume of currency in circulation. They already have the needed balance and quota needed by reducing the currency volume already by 2/3.
10-8-2018 Newshound Guru Currency365 (Central Bank of Iraq launched small amounts of coins to the market with changes in its design) ...This is talking about the 1,000, 500, 250 notes not the 1, 5, 10, 20 ...completion of lower notes should bring out the Full Second Article...then lift value & new small notes..
10-8-2018 Newshound/Intel Guru Mnt Goat Why...did the CBI issue these new version format of the 1000 dinar? ...they said in other recent past articles, that the 1000 dinar note was being counterfeited already since they know the value is going to shortly seriously go up and this is going to be the largest of the smaller category notes widely within the public circulation. ...So what timeframe do you thin the CBI might now be thinking of to reinstate the dinar? ...I can say this with much confidence that the CBI may very well target again the December into January timeframe for the reinstatement of the Iraqi dinar based on past history of target dates. So, if this new government is formed and no major events happen that cause alarm or instability we may be in a good window at that time. [post 3 of 3]
10-8-2018 Newshound/Intel Guru Mnt Goat So why is the CBI putting out so many of the smaller categories like the 250, 500 and 1,000 notes? This is because more people are now able to use these notes for daily transactions for petty cash thus they are getting citizens used to thinking in terms of smaller denominated notes. But we know at some point they must also raise the value of these notes. But when is exactly this optimum time? We know that in all of the targeted reinstatement timeframes (...CBI timeframes...) that they intended to go always in the month of December – January. ...Then we also find out that the CBI...began the replacement of 25000 and 10000 notes that are now in circulation. This move is not a contradiction of the process to delete the zeros since they are replacing these 3 zero notes as they also told us once again and I quote – “WITHOUT ANY INTENTION TO WITHDRAW FROM CIRCULATION". So again they told us these 3 zero notes will coincide with the smaller category notes. [post 2 of 3....stay tuned]
10-8-2018 Newshound/Intel Guru Mnt Goat Article: “BAGHDAD - The Central Bank of Iraq announced on Saturday the launch of large quantities of currency for small groups this week." Quotes: "put large quantities of small groups to meet the need for daily transactions and the quality of the material has been improved". "...a small change will be made in the NEW FORM THAT WILL BE PUT FORWARD FOR TRADING NEXT WEEK, knowing that the deal will be in the form of new and old together without discrimination." The CBI told us that they had a new format or “form” for the smaller categories that they were going to launch next week (this week). ...we are told that the new edition of the notes will “coincide” just as we were told already many times before. [post 1 of 3....stay tuned]
10-8-2018 Newshound Guru Kaperoni CBI gets ready to introduce replacement currency 250, 500, 1000 dinars. This new currency only makes sense if they expect them to be in circulation for a while. No overnight event! The dinar will only rise gradually via a float. That is how monetary policy works. Raising the value of the Iraqi dinar is part of a much bigger process...integrating Iraq's financial system into the worlds banking system. That process includes the CBI accepting Article VIII of the IMF charter and moving to a new exchange rate regime. The reason the CBI must move away from it's current exchange rate regime (peg) is to counter inflationary pressure created when large amounts of capital and investment comes into Iraq. The new exchange rate regime will be a float allowing the CBI to counter this pressure by gradually raising the value. The good news is as I have said before is that I expect that process to start very soon.
10-7-2018 Newshound Guru Bloodloch ...Until they release new classes of VLD (Very Low Denomination) currencies, in the range of 1 dinar to 100 dinar notes, the working theory I've been hinting about is on hold. This does not mean they won't do as much soon, but I must admit I was hoping to see something along the lines of VLD with these new predicted currency releases. Still, the fact that they have yet to breach this VLD range means the potential for such an issue remains viable. When it does finally happen, and if must if they plan to ever have the IQD achieve equality with the USD, it will be a surprise event. It's just not the sort of thing they would telegraph ahead of time.
10-7-2018 Newshound Guru chattels [Is it me, or is the Iraq government moving a lot more quickly than they have in the past?] November will be six months since the election which is about the time it has taken for other governments. Some parts of the process have taken longer and some have moved more quickly. The invitation / creation of the Prime Minister Designate was much quicker...
10-7-2018 Newshound Guru Kaperoni This process has been completely documented through the IMF. And monetary policy is never a random act.
10-7-2018 Newshound Guru MilitiaMan They appear to to say two things in the way the are telling us this. Firstly they are putting up of raising large amounts of currency for that they can introduce large quantities for small groups. They clearly are doing what they said they were going to do by taking out the large and introducing the smalls.. imo. Then, they tell us now they are going to have a simple change with a new format next week. I don't know about you all, but, this sure sets the stage for big things to happen and in short order, as next week is within hours not days... [post 2 of 2]
10-7-2018 Newshound Guru MilitiaMan Article: "Central Bank raises large amounts of currency for small groups" Possibly, by definition they have said they introduced currencies to rival the dollar... Introducing lower notes with an international rate and or less the 3 zeros could or would fit the definition of rival in comparison to the USD imo. The CBI also told us they were to make a simple change in respect to trading next week.. Quote: "The Central Bank raises large amounts of currency for small groups." In other words, they lifted enough large notes now so they can bring in the smaller groups. [post 1 of 2....stay tuned]
10-7-2018 Newshound Guru Bloodloch ...I do not believe this will be a float taking years to achieve par with the dollar, so be of good cheer...not going to post details yet. Stand by.
10-7-2018 Newshound Guru chattels [Is it me, or is the Iraq government moving a lot more quickly than they have in the past?] November will be six months since the election which is about the time it has taken for other governments. Some parts of the process have taken longer and some have moved more quickly. The invitation / creation of the Prime Minister Designate was much quicker...
10-7-2018 Newshound Guru Kaperoni This process has been completely documented through the IMF. And monetary policy is never a random act.
10-7-2018 Newshound Guru MilitiaMan They appear to to say two things in the way the are telling us this. Firstly they are putting up of raising large amounts of currency for that they can introduce large quantities for small groups. They clearly are doing what they said they were going to do by taking out the large and introducing the smalls.. imo. Then, they tell us now they are going to have a simple change with a new format next week. I don't know about you all, but, this sure sets the stage for big things to happen and in short order, as next week is within hours not days... [post 2 of 2]
10-7-2018 Newshound Guru MilitiaMan Article: "Central Bank raises large amounts of currency for small groups" Possibly, by definition they have said they introduced currencies to rival the dollar... Introducing lower notes with an international rate and or less the 3 zeros could or would fit the definition of rival in comparison to the USD imo. The CBI also told us they were to make a simple change in respect to trading next week.. Quote: "The Central Bank raises large amounts of currency for small groups." In other words, they lifted enough large notes now so they can bring in the smaller groups. [post 1 of 2....stay tuned]
10-7-2018 Newshound Guru Bloodloch ...I do not believe this will be a float taking years to achieve par with the dollar, so be of good cheer...not going to post details yet. Stand by.
10-6-2018 Newshound Guru Kaperoni [Hearing you say soon is surprising...] Opening up the banking system to engage with the world's financial system along with floating the dinar is top priority. No private sector or investment will start until such happens. I am very hopeful. [refeence Kaperoni post 10-6-2018]
10-6-2018 Intel Guru Delta Article: "We plan to restructure the Iraqi currency including deleting zeros" FYI...DELETE ZEROS WILL BE FROM EXCHANGE RATE ...3 ZEROS NOTE WILL PHASE OUT ...
10-6-2018 Intel Guru RayRen98 Iraqi TV reports PM Abadi informing the citizens that economic reforms could not be completed during his tenure due to security concerns with ISIS and the slowly progressing political issues. Both are now resolved and the new incoming Prime Minister should have no problems completing the task. Also on Iraqi TV is the message that political blocks have already submitted their candidate-selects to fill government posts to the Prime Minister-Designate projecting completion of assignments before the 30-day window expires. US Banks are sharing excitement of probable preparations for the first-of-the-week type of activity! ...Everything appears to moving at record speed compared to the past, can't wait to hear what happens the rest of this weekend!
10-6-2018 Newshound Guru Kaperoni ...there is no overnight event. Never will be. I guess all i can do is keep educating. If for no other reason people should understand the CBI would never spend the money to replace the currency unless they expected it to be in circulation for a while. That in itself tells you there is no single overnight RV RI going to happen...I do fully expect the dinar to go up in value, but not overnight. As stated in numerous articles going back years it could take two to three years to delete the zeros. In other words it's a gradual appreciation over time. The good news is I do expect it to start soon. Because Iraq needs to move out of Article XIV and into Article VIII to send a message to investors and the global financial system that they are open for business and as a result of that transition will need to float the currency...as the dinar gradually rises in value over time more emphasis will be on lower notes so having quality notes in circulation supports that.
10-6-2018 Intel Guru Delta NEW...OUT AS OF THURSDAY...250... 500... 1000.
10-6-2018 Newshound Guru MilitiaMan Article: "The Central Bank of Iraq announced the issuance of quantities described as large on small currencies for daily transactions." This has been brought to my attention and it is dated yesterday! Not sure about the source, but, this says coins...Next week... A statement by the bank said that it would introduce large quantities of small categories to meet the need for daily transactions. The quality of the material used has been improved, as well as a small change in the new format that will be presented for trading next week. He said the deal would be done in a new and old form, without discrimination...
10-6-2018 Newshound Guru Bloodloch "The 1, 5, 10, 20, 100, etc., notes are to be new, as will be the coins." - Newshound Guru MilitiaMan. Head of nail meet hammer. My own guess would be 100, 50, 25, 10, 5 and 1, as I surreptitiously suggested Oct 1st ...but now I'm just splitting hairs. Why those denominations? Easy, because they match 100,000, 50,000, 25,000, 10,000, 5,000 and 1,000 but without the triple zeros. Did I mention it was simple? I think I mentioned that. As our friend Randy [Gru Randy Koonce] likes to say... Breathe. Change can be a scary thing, but if they're doing what I think they're doing, I'll be able to explain how it's going to work, and why it's going to work, and even how quickly I believe it will work, but not until they actually step forward and initiate it. There is still a hidden aspect to it that won't be evident until after it starts. The ball is definitely in their court.
10-6-2018 Intel Guru Frank26 This has been a masterful plan. It’s been right along with what we call the FAB4, you know, the IMF, the United States Treasury, and the World Bank, and they are now reporting to the BIS, and saying...this is what we’ve got...We have a date, and we work with them, we are ready to go. ...they are going to start pumping small categories into the markets gradually ending the crisis. No kidding! THIS IS THE RI!!! THIS IS THE RV!!! ...Sounds like a good plan...
10-6-2018 Intel Guru Delta Article: "We plan to restructure the Iraqi currency including deleting zeros" FYI...DELETE ZEROS WILL BE FROM EXCHANGE RATE ...3 ZEROS NOTE WILL PHASE OUT ...
10-6-2018 Intel Guru RayRen98 Iraqi TV reports PM Abadi informing the citizens that economic reforms could not be completed during his tenure due to security concerns with ISIS and the slowly progressing political issues. Both are now resolved and the new incoming Prime Minister should have no problems completing the task. Also on Iraqi TV is the message that political blocks have already submitted their candidate-selects to fill government posts to the Prime Minister-Designate projecting completion of assignments before the 30-day window expires. US Banks are sharing excitement of probable preparations for the first-of-the-week type of activity! ...Everything appears to moving at record speed compared to the past, can't wait to hear what happens the rest of this weekend!
10-6-2018 Newshound Guru Kaperoni ...there is no overnight event. Never will be. I guess all i can do is keep educating. If for no other reason people should understand the CBI would never spend the money to replace the currency unless they expected it to be in circulation for a while. That in itself tells you there is no single overnight RV RI going to happen...I do fully expect the dinar to go up in value, but not overnight. As stated in numerous articles going back years it could take two to three years to delete the zeros. In other words it's a gradual appreciation over time. The good news is I do expect it to start soon. Because Iraq needs to move out of Article XIV and into Article VIII to send a message to investors and the global financial system that they are open for business and as a result of that transition will need to float the currency...as the dinar gradually rises in value over time more emphasis will be on lower notes so having quality notes in circulation supports that.
10-6-2018 Intel Guru Delta NEW...OUT AS OF THURSDAY...250... 500... 1000.
10-6-2018 Newshound Guru MilitiaMan Article: "The Central Bank of Iraq announced the issuance of quantities described as large on small currencies for daily transactions." This has been brought to my attention and it is dated yesterday! Not sure about the source, but, this says coins...Next week... A statement by the bank said that it would introduce large quantities of small categories to meet the need for daily transactions. The quality of the material used has been improved, as well as a small change in the new format that will be presented for trading next week. He said the deal would be done in a new and old form, without discrimination...
10-6-2018 Newshound Guru Bloodloch "The 1, 5, 10, 20, 100, etc., notes are to be new, as will be the coins." - Newshound Guru MilitiaMan. Head of nail meet hammer. My own guess would be 100, 50, 25, 10, 5 and 1, as I surreptitiously suggested Oct 1st ...but now I'm just splitting hairs. Why those denominations? Easy, because they match 100,000, 50,000, 25,000, 10,000, 5,000 and 1,000 but without the triple zeros. Did I mention it was simple? I think I mentioned that. As our friend Randy [Gru Randy Koonce] likes to say... Breathe. Change can be a scary thing, but if they're doing what I think they're doing, I'll be able to explain how it's going to work, and why it's going to work, and even how quickly I believe it will work, but not until they actually step forward and initiate it. There is still a hidden aspect to it that won't be evident until after it starts. The ball is definitely in their court.
10-6-2018 Intel Guru Frank26 This has been a masterful plan. It’s been right along with what we call the FAB4, you know, the IMF, the United States Treasury, and the World Bank, and they are now reporting to the BIS, and saying...this is what we’ve got...We have a date, and we work with them, we are ready to go. ...they are going to start pumping small categories into the markets gradually ending the crisis. No kidding! THIS IS THE RI!!! THIS IS THE RV!!! ...Sounds like a good plan...
10-5-2018 Newshound Guru MilitiaMan They are clearly telling us that they are bringing in the new currency, they even tell us they spent a small fortune in doing so!! The only thing they haven't showed us yet is the New Small Currency and Coins...Notice, I said, "Yet". ...Who is to say, they haven't shown the citizens the new notes and coins today in the Mosques? Maybe we just have to wait for them to show us...? The possibilities are interesting.. The facts are fascinating.. ~ Imo [post 3 of 3]
10-5-2018 Newshound Guru MilitiaMan So we know they told us that on 09/11/2018 they were going to introduce the lower notes next month, then 09/26/2018 they tell us they are going to do same within two weeks and then yesterday, they are telling us next week. That is from the CBI. Today they tell us they are deleting the zeros, yet they wrote that 2 days ago.. The CBI wants a suitable environment. Well today we have Abadi as Prime Minister all the while Mahdi seats his cabinet, effectively two PMs, that are imo a suitable environment for the CBI and the world. It is obvious for that imo, as they have lifted sanctions and released massive amounts of assets, not only from the UNSC, HM Treasury but the EU as well... So the calls for next year are not being broadcast-ed imo. [post 2 of 3....stay tuned]
10-5-2018 Newshound Guru MilitiaMan The data we have been provided by Delta, Teams, etc., showed that the CBI spent money in the past for printing new currency, then again they increased that amount to $108 million real close of recent. The largest portion of cost for currency is minting coins. To think they are only going to introduce just 250s, 500s and 1,000s is imo way off. They told us months ago they had a liquidity issue and they told us they were ceasing multi currency practices too. Therefore, trying to function at a program rate for any length of time is plain silly (imo) with those. They talk of new currency and they mean it being brand new. The 250, 500, 1000 are not new, the ones they reprinted to go side by side however are, with updates to them and even deletions to be noted. The 1, 5, 10, 20, 100, etc., notes are to be new, as will be the coins. [post 1 of 3....stay tuned]
10-5-2018 Intel Guru Frank26 Article: "We plan to restructure the Iraqi currency including deleting zeros" RIGHT BEFORE OUR EYES!!! ...YESTERDAY WAS ABOUT THE LD'S BEING REPLACED CAUSE THEY ARE WORN AND TORN...TODAY...THIS IS ABOUT THE NEW CATEGORY SMALL NOTES!!! WE FREAKEN TOLD YOU SO!!!
10-5-2018 Newshound Guru Kaperoni New replacement dinar notes begin circulation next week.
10-5-2018 Intel Guru Bruce What is interesting about that is if they do come out Saturday or Sunday which we think they will...they will be also trading their dinar on their market Sunday night... We also believe the ISX will be trading, and the dinar will be tradable on the ISX but also it will be tradable on the NASDAQ in the US on Monday morning. We should have visibility more with Iraq and the dinar as the result of what they will be doing over the weekend whether it is Saturday or Sunday. ...It is looking good for the next few days... I am encouraged. I am excited. I feel good where we are... [post 2 of 2]
10-5-2018 Intel Guru Bruce [via Pinkroses] Just when it was safe to close the door on Iraq, something else comes out. Today we got information from Sulaymaniyah, one of our sources there, that Iraq is going to have their lower denominations not only at the ATMs. These are the lower ones the 10s, 20s...the lower denoms and they will be everywhere. They will be in the stores, the banks, the ATMs. They supposed to bring them out either Saturday or Sunday. Sunday is the first day of their business week...It is a very good sign that they are saying to the world...hey we have revalued. This is our new rate, and we have the new lower denoms to go to. [post 1 of 2....stay tuned]
10-5-2018 Newshound Guru Bloodloch New small denominations of the same currency are not what I'm looking for. Rather, I'm looking for something quite different. Perhaps they are just getting the public accustomed to the idea of new currency issues. New artwork and such.
10-5-2018 Newshound Guru MilitiaMan ...There is nothing that suggests outside of next week.. They clearly are reiterating there intentions to bring in the new [currency ?] next week. Abadi is PM now while and through the end of seating the Cabinet... The environment is stable and secure now and will be... Thus, the Independence of the CBI can roll out the new when appropriate, and there words are next week and that is their words not mine, or even any speculation about it what so ever. ...You don't bring in small currency with out a rate change... That is imo a reality..
10-5-2018 Newshound Guru MilitiaMan So we know they told us that on 09/11/2018 they were going to introduce the lower notes next month, then 09/26/2018 they tell us they are going to do same within two weeks and then yesterday, they are telling us next week. That is from the CBI. Today they tell us they are deleting the zeros, yet they wrote that 2 days ago.. The CBI wants a suitable environment. Well today we have Abadi as Prime Minister all the while Mahdi seats his cabinet, effectively two PMs, that are imo a suitable environment for the CBI and the world. It is obvious for that imo, as they have lifted sanctions and released massive amounts of assets, not only from the UNSC, HM Treasury but the EU as well... So the calls for next year are not being broadcast-ed imo. [post 2 of 3....stay tuned]
10-5-2018 Newshound Guru MilitiaMan The data we have been provided by Delta, Teams, etc., showed that the CBI spent money in the past for printing new currency, then again they increased that amount to $108 million real close of recent. The largest portion of cost for currency is minting coins. To think they are only going to introduce just 250s, 500s and 1,000s is imo way off. They told us months ago they had a liquidity issue and they told us they were ceasing multi currency practices too. Therefore, trying to function at a program rate for any length of time is plain silly (imo) with those. They talk of new currency and they mean it being brand new. The 250, 500, 1000 are not new, the ones they reprinted to go side by side however are, with updates to them and even deletions to be noted. The 1, 5, 10, 20, 100, etc., notes are to be new, as will be the coins. [post 1 of 3....stay tuned]
10-5-2018 Intel Guru Frank26 Article: "We plan to restructure the Iraqi currency including deleting zeros" RIGHT BEFORE OUR EYES!!! ...YESTERDAY WAS ABOUT THE LD'S BEING REPLACED CAUSE THEY ARE WORN AND TORN...TODAY...THIS IS ABOUT THE NEW CATEGORY SMALL NOTES!!! WE FREAKEN TOLD YOU SO!!!
10-5-2018 Newshound Guru Kaperoni New replacement dinar notes begin circulation next week.
10-5-2018 Intel Guru Bruce What is interesting about that is if they do come out Saturday or Sunday which we think they will...they will be also trading their dinar on their market Sunday night... We also believe the ISX will be trading, and the dinar will be tradable on the ISX but also it will be tradable on the NASDAQ in the US on Monday morning. We should have visibility more with Iraq and the dinar as the result of what they will be doing over the weekend whether it is Saturday or Sunday. ...It is looking good for the next few days... I am encouraged. I am excited. I feel good where we are... [post 2 of 2]
10-5-2018 Intel Guru Bruce [via Pinkroses] Just when it was safe to close the door on Iraq, something else comes out. Today we got information from Sulaymaniyah, one of our sources there, that Iraq is going to have their lower denominations not only at the ATMs. These are the lower ones the 10s, 20s...the lower denoms and they will be everywhere. They will be in the stores, the banks, the ATMs. They supposed to bring them out either Saturday or Sunday. Sunday is the first day of their business week...It is a very good sign that they are saying to the world...hey we have revalued. This is our new rate, and we have the new lower denoms to go to. [post 1 of 2....stay tuned]
10-5-2018 Newshound Guru Bloodloch New small denominations of the same currency are not what I'm looking for. Rather, I'm looking for something quite different. Perhaps they are just getting the public accustomed to the idea of new currency issues. New artwork and such.
10-5-2018 Newshound Guru MilitiaMan ...There is nothing that suggests outside of next week.. They clearly are reiterating there intentions to bring in the new [currency ?] next week. Abadi is PM now while and through the end of seating the Cabinet... The environment is stable and secure now and will be... Thus, the Independence of the CBI can roll out the new when appropriate, and there words are next week and that is their words not mine, or even any speculation about it what so ever. ...You don't bring in small currency with out a rate change... That is imo a reality..
10-4-2018 *** Dinar Guru NewsFlash *** It's official, late yesterday afternoon, Iraqi parliament elected Barham Salih as Iraq's next President. Salih quickly appointed Adil Abdul Mahdi as Prime Minister of Iraq. This was done FIFTEEN DAY EARLY! Now, under Iraqi's constitutional rules, Mahdi has 30 days to present the next Government of Iraq for parliament approval. Once approved, Mahdi will officially be the next Prime Minister of Iraq and the government will be seated. Several guru camps have described Mahdi as pro-economic reform. He as an economic background and is the former Oil Minister. This is all very exciting...stay tuned as the gurus continue to chime in about what Mahdi's impact might be on a possible dinar RV and/or rate change! The latest guru post will continue below...
10-4-2018 Newshound Guru Currency365 CBI releasing new lower notes next week for trading to stop the liquidity crisis...doesn't need a rate change even though we would like one but the small notes/coins need a rate change cause they would have negative value...so expect the new 1000, 500, and maybe 250 next week
10-4-2018 Newshound Guru Kaperoni Starting next week the CBI will start pumping replacement notes into the market for those that have been damaged over the years. Many new features. ...Nothing more than replacement, not the beginning of some RV or RI lol. Not how it's going to happen. The sheer fact that they're doing this should prove to you that there is no overnight event. If and when the dinar starts to rise it could take one to three years to get equal to a dollar. It is totally related to how fast investment comes into the country. Providing replacement notes for the citizens is always a good thing.
10-4-2018 Intel Guru RayRen98 Sources are reporting that Prime Minister-Designate Abdul Mahdi will announce his cabinet members at the next Parliament session on Tuesday, adding that if not on Tuesday, then it will be announced on Thursday. This cabinet will replace PM Abadi's cabinet, who appears to be in full cooperation with the change of power. Iraqi TV reports the CBI announcing the placement of large quantities of the smaller notes in circulation next week to meet the needs of daily transactions. The 1,000 dinar note resurfaces as tattered 250's and 500's are being replaced with new currency. There is speculation that even smaller currency will be introduced next week also...TIME WILL TELL...
10-4-2018 Newshound/Intel Guru Mnt Goat Article: "AL-HANAL: THE TIME IS RIGHT TO LAUNCH THE JD TRILLION INITIATIVE" Quote: "...THE TIME IS APPROPRIATE to activate the initiative of the Central Bank of “trillion dinars” for the support of small and medium enterprises..." So can they make more money from loaning money than they can from the currency auction spread? ...the timing of this news could not get any better. This is part of the “deliberate steps” the CBI is talking about...when they delayed the project to delete the zeros in April. We can now witness also the STABILITY of the government has come and this election saga is finally over. ...Will they decide to continue the project to delete the zeros and pick up where they left off in April? I believe they will. We know that this initiative in this article is part of the...redenomination process. So this is VERY good news for us. This initiative will coincide with getting off the currency auctions... This too is one of the issues in supporting the go ahead by the CBI to let the project to delete the zeros get into full swing.
10-4-2018 Intel Guru Frank26 Mahdi is loved by the citizens and everyone in Iraq...Not committed to any political bloc...supports economic and monetary reforms, HCL for citizens, give citizens more purchasing power...wrote many report including his opposition to the auctions. Mahdi has 30 days to form his government...Mahdi supports the lifting of the 3 o's and will bust-open the reforms. Mahdi as PM will enhance security and stability and a suitable environment to allow all all economic and monetary reforms to continue. PM Abadi is still in charge of the government until Mahdi puts together his government in 30 days...let the dust settle. The most important thing to remember is to seat the government, not who is the PM. [post 2 of 2]
10-4-2018 Intel Guru Frank26 [via Manaolana3] Synopsis: Announcement made Mahdi as next PM; question whether his acceptance is constitutional; BUT it's not over yet (announcement took Frank and Teams by surprise). USA supports Mahdi and is being congratulated by many including ME countries, Amb Silliman, State Dept Rep McGurk,and others. USA gave list of technocrats to Mahdi; will rid of Iranian influence in Iraq, but most important seating of the government of Iraq. Mahdi is recognized by all parties due to his history, whereas, Abadi is not. Mahdi is a bridge, a conduit to the GOI, but is not from the large bloc; may have issues, and if there is opposition, may walk. Madhi has the support of Sistani; supports Sistani's plans/reforms, is a settlement candidate... [post 1 of 2....stay tuned]
1-4-2018 Newshound Guru Adam Montana [How is the political map looking now that Barham Saleh has been announced as the President?] I don't see anything wrong with this pick. In fact, his immediate announcement of a choice in PM says a lot about how we can expect things to change. This is possibly even better than Abadi remaining PM... the status quo is due for a shakeup, and a "fresh face" can certainly do that now. Looking forward to the coming days!
10-4-2018 Newshound/Intel Guru Mnt Goat So I told everyone...that come this next constitutional deadline of Oct 2nd the flood gates would probably open wide with news and this election saga would wind down. So...October 2nd, we witnessed finally the election of the new president and he announced his candidate for prime minister minutes after these formalities were over based on the provisions of Article 76 Constitution. Now this candidate has to go before the parliament to be ratified and this should be more of formality than anything else. Article quote: "Douglas Silliman, the US ambassador to Iraq congratulated Mahdi and wished him the best of success to as he starts to form the new government of Iraq. The USA will work with the future PM to help his government meet the needs and aspirations of all the people of Iraq." So it appears that the USA does accept and will support this new prime minister Mahdi. This is very good for us.
10-4-2018 Newshound Guru Kaperoni Starting next week the CBI will start pumping replacement notes into the market for those that have been damaged over the years. Many new features. ...Nothing more than replacement, not the beginning of some RV or RI lol. Not how it's going to happen. The sheer fact that they're doing this should prove to you that there is no overnight event. If and when the dinar starts to rise it could take one to three years to get equal to a dollar. It is totally related to how fast investment comes into the country. Providing replacement notes for the citizens is always a good thing.
10-4-2018 Intel Guru RayRen98 Sources are reporting that Prime Minister-Designate Abdul Mahdi will announce his cabinet members at the next Parliament session on Tuesday, adding that if not on Tuesday, then it will be announced on Thursday. This cabinet will replace PM Abadi's cabinet, who appears to be in full cooperation with the change of power. Iraqi TV reports the CBI announcing the placement of large quantities of the smaller notes in circulation next week to meet the needs of daily transactions. The 1,000 dinar note resurfaces as tattered 250's and 500's are being replaced with new currency. There is speculation that even smaller currency will be introduced next week also...TIME WILL TELL...
10-4-2018 Newshound/Intel Guru Mnt Goat Article: "AL-HANAL: THE TIME IS RIGHT TO LAUNCH THE JD TRILLION INITIATIVE" Quote: "...THE TIME IS APPROPRIATE to activate the initiative of the Central Bank of “trillion dinars” for the support of small and medium enterprises..." So can they make more money from loaning money than they can from the currency auction spread? ...the timing of this news could not get any better. This is part of the “deliberate steps” the CBI is talking about...when they delayed the project to delete the zeros in April. We can now witness also the STABILITY of the government has come and this election saga is finally over. ...Will they decide to continue the project to delete the zeros and pick up where they left off in April? I believe they will. We know that this initiative in this article is part of the...redenomination process. So this is VERY good news for us. This initiative will coincide with getting off the currency auctions... This too is one of the issues in supporting the go ahead by the CBI to let the project to delete the zeros get into full swing.
10-4-2018 Intel Guru Frank26 Mahdi is loved by the citizens and everyone in Iraq...Not committed to any political bloc...supports economic and monetary reforms, HCL for citizens, give citizens more purchasing power...wrote many report including his opposition to the auctions. Mahdi has 30 days to form his government...Mahdi supports the lifting of the 3 o's and will bust-open the reforms. Mahdi as PM will enhance security and stability and a suitable environment to allow all all economic and monetary reforms to continue. PM Abadi is still in charge of the government until Mahdi puts together his government in 30 days...let the dust settle. The most important thing to remember is to seat the government, not who is the PM. [post 2 of 2]
10-4-2018 Intel Guru Frank26 [via Manaolana3] Synopsis: Announcement made Mahdi as next PM; question whether his acceptance is constitutional; BUT it's not over yet (announcement took Frank and Teams by surprise). USA supports Mahdi and is being congratulated by many including ME countries, Amb Silliman, State Dept Rep McGurk,and others. USA gave list of technocrats to Mahdi; will rid of Iranian influence in Iraq, but most important seating of the government of Iraq. Mahdi is recognized by all parties due to his history, whereas, Abadi is not. Mahdi is a bridge, a conduit to the GOI, but is not from the large bloc; may have issues, and if there is opposition, may walk. Madhi has the support of Sistani; supports Sistani's plans/reforms, is a settlement candidate... [post 1 of 2....stay tuned]
1-4-2018 Newshound Guru Adam Montana [How is the political map looking now that Barham Saleh has been announced as the President?] I don't see anything wrong with this pick. In fact, his immediate announcement of a choice in PM says a lot about how we can expect things to change. This is possibly even better than Abadi remaining PM... the status quo is due for a shakeup, and a "fresh face" can certainly do that now. Looking forward to the coming days!
10-4-2018 Newshound/Intel Guru Mnt Goat So I told everyone...that come this next constitutional deadline of Oct 2nd the flood gates would probably open wide with news and this election saga would wind down. So...October 2nd, we witnessed finally the election of the new president and he announced his candidate for prime minister minutes after these formalities were over based on the provisions of Article 76 Constitution. Now this candidate has to go before the parliament to be ratified and this should be more of formality than anything else. Article quote: "Douglas Silliman, the US ambassador to Iraq congratulated Mahdi and wished him the best of success to as he starts to form the new government of Iraq. The USA will work with the future PM to help his government meet the needs and aspirations of all the people of Iraq." So it appears that the USA does accept and will support this new prime minister Mahdi. This is very good for us.
10-3-2018 Intel Guru Delta FYI ...ABADI'S GOV IS STILL IN CHARGE...UNTIL THE NEW GOV GET CONFIRM BY PARLIAMENT...MAHDI IS WELL RESPECTED AMONG ALL IN IRAQ...BRILLIANT MOVE BY US AND ABADI.... NOTHING MATTER ANYMORE...CBI 2 WEEKS ALMOST OVER...
10-3-2018 Newshound Guru Kaperoni As stated a month ago, once the new government is formed the IMF will schedule its Article IV Consultation with Iraq and CBI. Need signed commitments. This new government when complete is very pro reform so we should expect parliament to begin immediately passing laws. Prime Minister designate Adil Abd al-Mahdi is very aware of currency reform. He wrote about several years ago describing the process. It is my guess that once the new government is formed that engaging Iraqi banks with the world financial system would be a top priority as well as begin currency reform.
10-3-2018 Newshound Guru Bloodloch My take on this isn't "whether" it will happen, although I believe it will, or even "when" it will happen, although I believe it's soon. It's more about "how" I believe it can happen in a controlled self-managing manner that utilizes the natural inclinations of people to gravitate towards the advantageous position in their daily lives, as well as the "why" it will work on a macro scale. It's also about how they have been manipulating certain numbers to prepare for this in ways that may not be immediately apparent or obvious. Looking for an immediate benefit to the Iraqi citizens (they won't even want dollars at that point, let alone be requested to turn them in), and a fairly rapid positive tightening of the international exchange rates with the IQD.
10-3-2018 Newshound Guru Adam Montana For the last few months, we've been in a holding pattern. We know what's coming, and it has been obvious that progress was being made, but let's be honest... it was a lonnnnng, slowwwww couple months waiting for SOMETHING to pop. As of yesterday, that slow moving train gave it's first puff of black smoke and the wheels made the first turn...this giant piece of history began inching forward, and we have some actual news...Iraq has a new president...Barham Salih. What's more, and this happened lightning fast... President Barham Salih has named Abdul Mahdi as Prime Minister...New Iraqi President Barham Salih had 15 days to name the new PM, but he did not wait. He did it immediately. There are obviously plans being set into motion, that were organized well in advance of this announcement. This is breaking news at this time, so the situation is fluid... but this was a major milestone, and we're hearing the train start to chug. CHOOO CHOOOOO!!! Let's go, Iraq!
10-3-2018 Newshound/Intel Guru Arthur From what I'm getting from the sandbox the whole Mahdi for PM was done to appease Maliki and his Iranian backed goons...keeping them from continuing to throw political monkey wrenches into the process. As far as dinarland is concerned, knowing that GOI + HCL = RV, we don't care of Daffy Duck is the President and Bugs Bunny is the Prime Minister so long as we get a stable GOI. Remember CBI Governor Ali Mohsen Ismail Al-Alaq has told us a stable environments what is needed to officially initiate the deletion of the zeros project. We also know they are about to flood the country with lower denominations that must have a new value to be utilized by the citizens. IMO, once we can officially confirm QI Card payments to all citizens from the oil revenues as promised (HCL), whatever it is we have been waiting on all these years will have began.
10-3-2018 Intel Guru Bruce [via PinkRoses] I can tell you as of today Iraq is done of what it is they said they do...They had elected a new President. His name is Saleh...Even know though you may be reading Abdul-Mahdi is the new Prime Minister, I can tell you that Abadi is still going to be the Prime Minister for the next two years. I believe that is what I have been told by people in Iraq, and that seems to be what I trust at this time. He will be Prime Minister for a couple more years...The other thing...Iraq was supposed to do what they needed to do with the CBI. I have not heard a report of that, and personally I don’t think we will see it here yet, but supposedly they have gotten their CBI put together where sensibly there be a rate and they would be complete. ...Everything is pointing toward a release that should be this week...I am excited where we are.
10-3-2018 Intel Guru Frank26 [via future] ...." WE DO NOT CARE WHO THE PM IS...ALL MY TEAMS WANT TO SEE IS THE SITTING OF THE GOI." THEN TODAY CAME ALONG...TA DA...YOU NOW WILL SEE THIS GOI ANNOUNCE ITSELF...AND IT WILL NOT TAKE THE FULL 30 DAYS THEY ARE PERMITTED TO USE. AND THEN...IMO...WE WILL NOW SEE THE LD'S COME TO REPLACE THE OLD AND WORN OUT CURRENCY... SHORTLY THEREAFTER THE RELEASE OF THE SMALL CURRENCY CATEGORY NOTES THAT THE CBI TOLD US WOULD COME OUT IN THIS MONTH OF OCTOBER ACCOMPANIED BY A LIFTING OF THE 3 ZEROS FROM THEIR EXCHANGE RATE. AS I SAID...I DID NOT CARE WHO THE PM WAS...NOR DID THE CBI. BUT I SURE DO CARE ABOUT WHAT THE CBI IS NOW...PREPARED...TO DO. WHY? BECAUSE... IMO...THIS SITTING WAS / IS...THE FINAL SUITABLE ENVIRONMENT!!!
10-3-2018 Newshound Guru Currency365 New President...Barham Salih appoints Adel Abdul Mahdi as the NEW PRIME MINISTER of IRAQ...
10-3-2018 Intel Guru ADMINBILL ...I ask that you all put the info you receive in a pot on the stove and turn the burner up. In the past the burner was set to low heat so the stew never was ready to eat. In the past few months the flame has been turned up higher each week. We are nearing a point when a delicious stew will be ready to eat. Don't discount the information you are hearing but note that bankers, etc have been ready for months with rates on the screens, etc...
10-3-2018 Newshound Guru Kaperoni As stated a month ago, once the new government is formed the IMF will schedule its Article IV Consultation with Iraq and CBI. Need signed commitments. This new government when complete is very pro reform so we should expect parliament to begin immediately passing laws. Prime Minister designate Adil Abd al-Mahdi is very aware of currency reform. He wrote about several years ago describing the process. It is my guess that once the new government is formed that engaging Iraqi banks with the world financial system would be a top priority as well as begin currency reform.
10-3-2018 Newshound Guru Bloodloch My take on this isn't "whether" it will happen, although I believe it will, or even "when" it will happen, although I believe it's soon. It's more about "how" I believe it can happen in a controlled self-managing manner that utilizes the natural inclinations of people to gravitate towards the advantageous position in their daily lives, as well as the "why" it will work on a macro scale. It's also about how they have been manipulating certain numbers to prepare for this in ways that may not be immediately apparent or obvious. Looking for an immediate benefit to the Iraqi citizens (they won't even want dollars at that point, let alone be requested to turn them in), and a fairly rapid positive tightening of the international exchange rates with the IQD.
10-3-2018 Newshound Guru Adam Montana For the last few months, we've been in a holding pattern. We know what's coming, and it has been obvious that progress was being made, but let's be honest... it was a lonnnnng, slowwwww couple months waiting for SOMETHING to pop. As of yesterday, that slow moving train gave it's first puff of black smoke and the wheels made the first turn...this giant piece of history began inching forward, and we have some actual news...Iraq has a new president...Barham Salih. What's more, and this happened lightning fast... President Barham Salih has named Abdul Mahdi as Prime Minister...New Iraqi President Barham Salih had 15 days to name the new PM, but he did not wait. He did it immediately. There are obviously plans being set into motion, that were organized well in advance of this announcement. This is breaking news at this time, so the situation is fluid... but this was a major milestone, and we're hearing the train start to chug. CHOOO CHOOOOO!!! Let's go, Iraq!
10-3-2018 Newshound/Intel Guru Arthur From what I'm getting from the sandbox the whole Mahdi for PM was done to appease Maliki and his Iranian backed goons...keeping them from continuing to throw political monkey wrenches into the process. As far as dinarland is concerned, knowing that GOI + HCL = RV, we don't care of Daffy Duck is the President and Bugs Bunny is the Prime Minister so long as we get a stable GOI. Remember CBI Governor Ali Mohsen Ismail Al-Alaq has told us a stable environments what is needed to officially initiate the deletion of the zeros project. We also know they are about to flood the country with lower denominations that must have a new value to be utilized by the citizens. IMO, once we can officially confirm QI Card payments to all citizens from the oil revenues as promised (HCL), whatever it is we have been waiting on all these years will have began.
10-3-2018 Intel Guru Bruce [via PinkRoses] I can tell you as of today Iraq is done of what it is they said they do...They had elected a new President. His name is Saleh...Even know though you may be reading Abdul-Mahdi is the new Prime Minister, I can tell you that Abadi is still going to be the Prime Minister for the next two years. I believe that is what I have been told by people in Iraq, and that seems to be what I trust at this time. He will be Prime Minister for a couple more years...The other thing...Iraq was supposed to do what they needed to do with the CBI. I have not heard a report of that, and personally I don’t think we will see it here yet, but supposedly they have gotten their CBI put together where sensibly there be a rate and they would be complete. ...Everything is pointing toward a release that should be this week...I am excited where we are.
10-3-2018 Intel Guru Frank26 [via future] ...." WE DO NOT CARE WHO THE PM IS...ALL MY TEAMS WANT TO SEE IS THE SITTING OF THE GOI." THEN TODAY CAME ALONG...TA DA...YOU NOW WILL SEE THIS GOI ANNOUNCE ITSELF...AND IT WILL NOT TAKE THE FULL 30 DAYS THEY ARE PERMITTED TO USE. AND THEN...IMO...WE WILL NOW SEE THE LD'S COME TO REPLACE THE OLD AND WORN OUT CURRENCY... SHORTLY THEREAFTER THE RELEASE OF THE SMALL CURRENCY CATEGORY NOTES THAT THE CBI TOLD US WOULD COME OUT IN THIS MONTH OF OCTOBER ACCOMPANIED BY A LIFTING OF THE 3 ZEROS FROM THEIR EXCHANGE RATE. AS I SAID...I DID NOT CARE WHO THE PM WAS...NOR DID THE CBI. BUT I SURE DO CARE ABOUT WHAT THE CBI IS NOW...PREPARED...TO DO. WHY? BECAUSE... IMO...THIS SITTING WAS / IS...THE FINAL SUITABLE ENVIRONMENT!!!
10-3-2018 Newshound Guru Currency365 New President...Barham Salih appoints Adel Abdul Mahdi as the NEW PRIME MINISTER of IRAQ...
10-3-2018 Intel Guru ADMINBILL ...I ask that you all put the info you receive in a pot on the stove and turn the burner up. In the past the burner was set to low heat so the stew never was ready to eat. In the past few months the flame has been turned up higher each week. We are nearing a point when a delicious stew will be ready to eat. Don't discount the information you are hearing but note that bankers, etc have been ready for months with rates on the screens, etc...
10-1-2018 Newshound Guru Kaperoni The only way the dinar can appreciate in value is if the CBI floats the currency to counter inflationary pressure created by an influx of investment/investors. Even then it will take time. I am still very hopeful that banking reforms will begin this year. Though it is contingent on the formation of the new GOI, passing laws.
10-1-2018 Newshound/Intel Guru Mnt Goat Remember we are waiting for the “reinstatement” of the dinar first and as a result of this process they will have to raise the rate when they re-peg the dinar to the SDR basket from a sole de -facto peg to the US dollar, thus many call this an RV or revaluation. ...many just think it going to pop out at the banks with a new rate...Folks for the use of the term “international” currency it must be accompanied with a “formal” and “official” reinstatement. It can not just RV...
10-1-2018 Newshound Guru Currency365 The Iraqi parliament is holding at 8pm tonight, a decisive session for the election of the President of the Republic...
10-1-2018 Intel Guru Jester BEEN WORKING WITH THE WOLF [GURU REDWOLF] OFF AND ON ALL WEEK... THERE IS STUFF HAPPENING...THE REAL GUYS ARE CONVINCED THINGS ARE UNDERWAY... BUT STILL NO TIME TABLE IS FORTHCOMING...THE BOTTOM LINE IS THE PEOPLE I DO TRUST ARE CONVINCED THINGS ARE UNDERWAY... BY THAT MEANING THE PROCESS IS MOVING ALONG...THE MAIN THING IS THE ONES THAT COUNT THINK WE ARE THAT CLOSE...
10-1-2018 Newshound/Intel Guru Mnt Goat Remember we are waiting for the “reinstatement” of the dinar first and as a result of this process they will have to raise the rate when they re-peg the dinar to the SDR basket from a sole de -facto peg to the US dollar, thus many call this an RV or revaluation. ...many just think it going to pop out at the banks with a new rate...Folks for the use of the term “international” currency it must be accompanied with a “formal” and “official” reinstatement. It can not just RV...
10-1-2018 Newshound Guru Currency365 The Iraqi parliament is holding at 8pm tonight, a decisive session for the election of the President of the Republic...
10-1-2018 Intel Guru Jester BEEN WORKING WITH THE WOLF [GURU REDWOLF] OFF AND ON ALL WEEK... THERE IS STUFF HAPPENING...THE REAL GUYS ARE CONVINCED THINGS ARE UNDERWAY... BUT STILL NO TIME TABLE IS FORTHCOMING...THE BOTTOM LINE IS THE PEOPLE I DO TRUST ARE CONVINCED THINGS ARE UNDERWAY... BY THAT MEANING THE PROCESS IS MOVING ALONG...THE MAIN THING IS THE ONES THAT COUNT THINK WE ARE THAT CLOSE...
10-2-2018 Newshound Guru Bloodloch [Can you share in your opinion, does this thing end in 2018 or are you looking at 2019.] I'm expecting it to happen when they generally and broadly start releasing the new smaller denominations, which some have reported could begin this month (October), but likely not before the full government, including the Prime Minister, is seated.
10-2-2018 Newshound Guru Walkingstick ...In reality, they now have a Speaker of the house who's seating is in violation of their constitution ... A President of the Republic, who's seating is not in violation but breaks the customary role of revolving between the Kurdish parties... A prime Minister, nominee (Mahdi)... a clear violation, not coming from the largest bloc... Brought of out retirement as a "settlement candidate".. One that, the majority now supports...In closing, if.. Mahdi were to form a government... He has always been a staunch supporter of the monetary/ economic reform.. bringing the dinar to the regional and international level, ceasing the auctions and the distribution of oil proceeds to the people ...
10-2-2018 Newshound Guru Kaperoni So its official...a new president of the Republic of Iraq...Barham Saleh. By the way the choices so far for president of parliament and president of the Republic of Iraq are pro economic reform. If Madhi gets in as prime minister we should see reforms start very soon including currency reform.
10-2-2018 Intel Guru RayRen98 Ammar al-Hakim Barham Saleh captures the presidency today with 220 votes...Reports indicate that President Saleh has selected Mahdi as the Prime Minister-designate two hours after being confirmed President...
10-2-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament elects Barham Salih as Iraqi president. He is a former PM of Iraqi Kurdish Regional Government.
10-2-2018 Newshound Guru Currency365 Anybody can be the next Prime minister of Iraq they could surprise us all... but first let them pick the President by Oct 2nd deadline according to New Speaker... constitutionally they have till Oct 10th...FYI
10-2-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament convenes to elect an Iraqi president but only 192 MPs present...Out of 329 MPs. Office of Iraqi Parliament says it will publish names of MPs who do not attend today's meeting. Speaker of Parliament says today's meeting will continue until a president of Iraq is elected.
10-2-2018 Intel Guru Frank26 [via Clare] "Prepared" - we Know it will happen...don't worry about when, it, IS happening...FAB 4, CBI ...ARE ready...looking for suitable Environment...POTUS will "Clean the Floor"...wants Iranian influence gone. 1). Teams strongly feel GOI should be seated...USA is "preparing" Iraq to seat its Gov. 2). In postion & "prepared" are the specimen sheets that the CBI sent to all the Central Banks around the world "prepared" for authenticity...Whales & Sharks, already using for trade, investing in Iraq & Contracts. Banks "prepared" ...ready for future customers...in position for rate change...Right Now! The RI of IQD has a date...POTUS has enough time, before the date, to deal with Iran... 3). ...so far Iraq spent 160 million to print currency... Teams are waiting for something this month...IMO.
10-2-2018 Newshound /Intel Guru Mnt Goat The banks are now brokering the dinar (buying and selling) it just as the online internet brokers are that you may have ordered it from. Why not since there is lots of money to be made and the banks deal with currencies and like to make money...They are NOT trading the dinar...There is a difference between selling and buying as a broker from trading it. If the banks were trading the dinar it would be sold on the currency exchanges too. It is NOT. The banks can not legally trade the dinar until it is reinstated as a global currency...So for a short period during the ISIS war in Iraq, they US treasury asked that they banks do not sell or buy this currency since they were afraid it could be used to fund terrorism once again. We even witnessed in late 2015 that the CBI wanted to reinstate the dinar but again it was denied due to the ongoing war with ISIS. They told us it would happen in “EARLY 2017” but again the war was not yet over until LATE 2017. Then in 2018, came the election saga and here we stand still waiting.
10-2-2018 Newshound Guru Walkingstick ...In reality, they now have a Speaker of the house who's seating is in violation of their constitution ... A President of the Republic, who's seating is not in violation but breaks the customary role of revolving between the Kurdish parties... A prime Minister, nominee (Mahdi)... a clear violation, not coming from the largest bloc... Brought of out retirement as a "settlement candidate".. One that, the majority now supports...In closing, if.. Mahdi were to form a government... He has always been a staunch supporter of the monetary/ economic reform.. bringing the dinar to the regional and international level, ceasing the auctions and the distribution of oil proceeds to the people ...
10-2-2018 Newshound Guru Kaperoni So its official...a new president of the Republic of Iraq...Barham Saleh. By the way the choices so far for president of parliament and president of the Republic of Iraq are pro economic reform. If Madhi gets in as prime minister we should see reforms start very soon including currency reform.
10-2-2018 Intel Guru RayRen98 Ammar al-Hakim Barham Saleh captures the presidency today with 220 votes...Reports indicate that President Saleh has selected Mahdi as the Prime Minister-designate two hours after being confirmed President...
10-2-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament elects Barham Salih as Iraqi president. He is a former PM of Iraqi Kurdish Regional Government.
10-2-2018 Newshound Guru Currency365 Anybody can be the next Prime minister of Iraq they could surprise us all... but first let them pick the President by Oct 2nd deadline according to New Speaker... constitutionally they have till Oct 10th...FYI
10-2-2018 Newshound/Intel Guru David M. Witty Iraqi Parliament convenes to elect an Iraqi president but only 192 MPs present...Out of 329 MPs. Office of Iraqi Parliament says it will publish names of MPs who do not attend today's meeting. Speaker of Parliament says today's meeting will continue until a president of Iraq is elected.
10-2-2018 Intel Guru Frank26 [via Clare] "Prepared" - we Know it will happen...don't worry about when, it, IS happening...FAB 4, CBI ...ARE ready...looking for suitable Environment...POTUS will "Clean the Floor"...wants Iranian influence gone. 1). Teams strongly feel GOI should be seated...USA is "preparing" Iraq to seat its Gov. 2). In postion & "prepared" are the specimen sheets that the CBI sent to all the Central Banks around the world "prepared" for authenticity...Whales & Sharks, already using for trade, investing in Iraq & Contracts. Banks "prepared" ...ready for future customers...in position for rate change...Right Now! The RI of IQD has a date...POTUS has enough time, before the date, to deal with Iran... 3). ...so far Iraq spent 160 million to print currency... Teams are waiting for something this month...IMO.
10-2-2018 Newshound /Intel Guru Mnt Goat The banks are now brokering the dinar (buying and selling) it just as the online internet brokers are that you may have ordered it from. Why not since there is lots of money to be made and the banks deal with currencies and like to make money...They are NOT trading the dinar...There is a difference between selling and buying as a broker from trading it. If the banks were trading the dinar it would be sold on the currency exchanges too. It is NOT. The banks can not legally trade the dinar until it is reinstated as a global currency...So for a short period during the ISIS war in Iraq, they US treasury asked that they banks do not sell or buy this currency since they were afraid it could be used to fund terrorism once again. We even witnessed in late 2015 that the CBI wanted to reinstate the dinar but again it was denied due to the ongoing war with ISIS. They told us it would happen in “EARLY 2017” but again the war was not yet over until LATE 2017. Then in 2018, came the election saga and here we stand still waiting.
9-30-2018 Newshound Guru Currency365 "A political source said Abadi is working intensively to reunite al-Sadr with al-Maliki, indicating that a "settlement" between parties will be picking "Adel Abdul Mahdi," as candidate for post of Prime Minister" Sit back relax and watch the it all play out folks.
9-30-2018 Intel Guru RayRen98 Sunday - Kurds did not yet agree on a candidate-select for president and dislike that Baghdad is making their decision for them. They left the meeting referencing unconstitutional activity and will not attend any Parliament meetings due to that fact. Without the Kurds, a quorum cannot be established to have official votes passed and they want the Federal Court to intervene. The saga between the Kurds and Baghdad continues. [post 2 of 2]
9-30-2018 Intel Guru RayRen98 Saturday - A bank source reported rates on ...The dinar...flashing from 3.71 up to 4.81 and then graying out. They expect final rates the first week of October if all continues as informed. Iraq TV reported an agreement from members of Parliament blacklisting anyone who participated in the Kurdistan referendum from holding the title of President and not inviting them to take part in Parliament. Kurds were told they have two days to select a candidate to represent them as their President or Saleh would be appointed. [post 1 of 2....stay tuned]
9-30-2018 Newshound Guru Kaperoni ...monetary policy is never a random act...The promise of instant fortune! I assure you there will never be an overnight RV or RI. When the CBI begins to raise the value via float it'll be a tool used by the CBI the counter inflationary pressure. The good news is it will go up in value it just won't happen overnight.
9-30-2018 Intel Guru RayRen98 Sunday - Kurds did not yet agree on a candidate-select for president and dislike that Baghdad is making their decision for them. They left the meeting referencing unconstitutional activity and will not attend any Parliament meetings due to that fact. Without the Kurds, a quorum cannot be established to have official votes passed and they want the Federal Court to intervene. The saga between the Kurds and Baghdad continues. [post 2 of 2]
9-30-2018 Intel Guru RayRen98 Saturday - A bank source reported rates on ...The dinar...flashing from 3.71 up to 4.81 and then graying out. They expect final rates the first week of October if all continues as informed. Iraq TV reported an agreement from members of Parliament blacklisting anyone who participated in the Kurdistan referendum from holding the title of President and not inviting them to take part in Parliament. Kurds were told they have two days to select a candidate to represent them as their President or Saleh would be appointed. [post 1 of 2....stay tuned]
9-30-2018 Newshound Guru Kaperoni ...monetary policy is never a random act...The promise of instant fortune! I assure you there will never be an overnight RV or RI. When the CBI begins to raise the value via float it'll be a tool used by the CBI the counter inflationary pressure. The good news is it will go up in value it just won't happen overnight.
9-29-2018 Newshound/Intel Guru Mnt Goat Right now we know the CBI is slowly, through a process, moving towards more and more use of the lower category notes. We see it in the news. The fact that they are now experiencing a severe shortage in the small categories tells us this process is working. Will the CBI be pumping other, newer smaller category notes in the coming weeks? I fully believe this is not what they are taking about in all these recent articles. They are not yet ready for this next step... We know that electronic banking, Point of Sale (POS), ATMs and other reforms have given them this capability now to utilize these small category notes. They have turned a milestone in the process and so now it is a matter of time until they launch even lower, lower denominations, eventually getting off the older 3 zero notes all together.
9-29-2018 Newshound Guru Kaperoni The Iraqi Banking/Finance Conference 2018 has been pushed off to Nov 4-5. Interesting. Iraq is notorious for being late on agreements. Far back as I can remember they were always six months or more delinquent on accomplishing what they had agreed to. Delaying the investment conference is in the best interest of Iraq because at this time because they are not ready...they have not form the government, passed the delinquent laws or held their Article IV Consultation with the IMF.
9-29-2018 Newshound/Intel Guru Mnt Goat Article quote: "Informed sources said that the political blocs agreed that Adel Abdul Mahdi will be prime minister and that the current Prime Minister Haider Abadi will serve as Vice President of the Republic" ...this could all change again and until they officially announce the nominee for PM, the fat lady has not yet sung. This is just a news article and not official.
9-29-2018 Newshound Guru Breitling …There’s no way around it. Sooner or later they are going to have to add value to their currency. They stated it. They want to do it. They told everybody what the value is. They said they wanted to get back to $1.17 and then after that they want to get to get back to $3.25. I don’t know if they’ll get exactly back to $3.25 but I know what their plan is…nothing has changed…the drama in the middle east has not changed that. [Post 2 of 2]
9-29-2018 Newshound Guru Breitling Let’s say the dinar never revalues… (It would have to be some weird circumstance where it wouldn’t revalue.) If it doesn’t revalue it doesn’t mean you and I are wrong. We’re right. We’re watching everything you see. Think about this. You watch a football game, right? It has 4 quarters, 2 teams and there’s two minutes left on the scoreboard. One team has 49 points and the other team has 0. You kind of know what’s going to happen…there’s no way the other team is going to score 49 points in two minutes. It’s the same thing with Iraq…everything is set in place for them to do international business with their currency…. [Post 1 of 2 Stay tuned for the rest of the story]
9-29-2018 Newshound/Intel Guru Mnt Goat BANNING THE USE 3 ZERO NOTES? I “firmly” do NOT believe...they will stop taking these 3 zero notes (5,000, 10,000, 25,000 and 50,000) and will set a deadline for turning them in. This will NEVER occur since the CBI told these 3 zero notes will “coincide” with the smaller category notes for up to 10 years (or longer if needed). The goal of the CBI is simply to slowly let the economy drive the process and put the dependency on the use of smaller category notes and gradually introduce yet even smaller notes. But I will tell you there will come a point when they will have to reinstate the currency to the international global currency exchanges and trade the currency. This is mainly what we wait for. This is when we go to the banks. When this happens the rate will rise and the CBI will be forced to launch the other even small category notes. So what do you watch for next? ...I am watching for the launching of the 100 dinar note next.
9-29-2018 Newshound Guru Kaperoni The Iraqi Banking/Finance Conference 2018 has been pushed off to Nov 4-5. Interesting. Iraq is notorious for being late on agreements. Far back as I can remember they were always six months or more delinquent on accomplishing what they had agreed to. Delaying the investment conference is in the best interest of Iraq because at this time because they are not ready...they have not form the government, passed the delinquent laws or held their Article IV Consultation with the IMF.
9-29-2018 Newshound/Intel Guru Mnt Goat Article quote: "Informed sources said that the political blocs agreed that Adel Abdul Mahdi will be prime minister and that the current Prime Minister Haider Abadi will serve as Vice President of the Republic" ...this could all change again and until they officially announce the nominee for PM, the fat lady has not yet sung. This is just a news article and not official.
9-29-2018 Newshound Guru Breitling …There’s no way around it. Sooner or later they are going to have to add value to their currency. They stated it. They want to do it. They told everybody what the value is. They said they wanted to get back to $1.17 and then after that they want to get to get back to $3.25. I don’t know if they’ll get exactly back to $3.25 but I know what their plan is…nothing has changed…the drama in the middle east has not changed that. [Post 2 of 2]
9-29-2018 Newshound Guru Breitling Let’s say the dinar never revalues… (It would have to be some weird circumstance where it wouldn’t revalue.) If it doesn’t revalue it doesn’t mean you and I are wrong. We’re right. We’re watching everything you see. Think about this. You watch a football game, right? It has 4 quarters, 2 teams and there’s two minutes left on the scoreboard. One team has 49 points and the other team has 0. You kind of know what’s going to happen…there’s no way the other team is going to score 49 points in two minutes. It’s the same thing with Iraq…everything is set in place for them to do international business with their currency…. [Post 1 of 2 Stay tuned for the rest of the story]
9-29-2018 Newshound/Intel Guru Mnt Goat BANNING THE USE 3 ZERO NOTES? I “firmly” do NOT believe...they will stop taking these 3 zero notes (5,000, 10,000, 25,000 and 50,000) and will set a deadline for turning them in. This will NEVER occur since the CBI told these 3 zero notes will “coincide” with the smaller category notes for up to 10 years (or longer if needed). The goal of the CBI is simply to slowly let the economy drive the process and put the dependency on the use of smaller category notes and gradually introduce yet even smaller notes. But I will tell you there will come a point when they will have to reinstate the currency to the international global currency exchanges and trade the currency. This is mainly what we wait for. This is when we go to the banks. When this happens the rate will rise and the CBI will be forced to launch the other even small category notes. So what do you watch for next? ...I am watching for the launching of the 100 dinar note next.
9-28-2018 Newshound Guru MilitiaMan Article: “Judge Rahim al-Ukaili filed a complaint with the Iraqi judiciary against a former prime minister" ...What I find interesting in this is not only about the justice that is to come for the people of Iraq it is that they too, let us know more of the story... The shell game Iraq has been playing politically. ...the GOI is important, yet not so important as they can't get things done. This makes me feel that the GOI is seated, just not for our eyes, yet. With Maliki having charges, the stability for Iraq just got a new kick up the ladder.. All of this is part of the process as it unfolds and imo it is now on steroids...lol...imo.
9-28-2018 Intel Guru Bruce When it comes to what we are waiting for, we have been getting really good information the last day or two about the fact we are at the point of completion. What I mean by that is security has always been a concern. It is at the point where everything is ready. All systems are ready...In terms of how close are we...I am not going to call it...With that being said, I have heard we are at the point now all systems are ready... Everything we are hearing is very positive. Some of the banks are talking about they are gearing up for a Monday, Tuesday start. ...I am also hearing, however, that the President is in charge of the release and he will give the green light... [post 2 of 2]
9-28-2018 Intel Guru Bruce [via Pinkroses] I said we are at the point now where we are not having to look at Iraq to complete something before we go. However we did hear from Sulaymaniyah, Iraq today, and we heard that all the official notifications with Iraq with their Prime Ministership of Abadi will actually take sort of a role of more powers if you will. More things have been given to him as Prime Minister than are typical...That position and everything having to do with their new Parliament all of that along with CBI, everything we been looking for will be done on Monday, Iraq time...It is all good, but they are so far along that we know what is going on. We know it is done. We are not really waiting on them as we were in the past. [post 1 of 2....stay tuned]
9-28-2018 Newshound Guru Breitling Article: “the Feds decision to raise interest rates will raise the value of the dollar at the expense of the dinar. This will adversely effect the economy of Iraq unless Iraq’s Central Bank accelerates the measures to protect the dinar…” So how do you do that? Well you raise the value of the dinar and you keep up with the interest rates of the US Dollar. What do you have to do to raise the value of the dinar? You start taking more dinar off the market. Or if its already off the market, start adding value…Again, another door of opportunity for the value to be changed. And why do they want the value to be changed? Why do they want the value to go up? …they want Iraqi citizens to do business around the world. That’s why they’ve been doing deals and all that stuff with these international entities, organizations, institutions…it’s all there. Black and white. It’s right there. it’s all in front of you…
9-28-2018 Intel Guru Frank26 Okay, something happened with the BIS. Something happened with the WTO. Something happened with the CBI. Did you notice all of the sudden a few days ago, the CBI comes out and they says “...We’re just going to push the American Dollar away. We don’t want the American Dollar....we’re removing it.” ...we’re gonna ...start...paying our citizens...salary, electronically...and only with the Iraqi Dinar.” “And also, we’re doing some other things with only the Iraqi dinar.” ...We don’t want to use the American Dollar. We’re removing it. Now do you understand what that is? With the MCPs the auctions? Well, you should be jumping for joy! A relationship between the American Dollar and the IQD will develop and, but it will be in a basket. It won’t be in an auction of the CBI. The auctions are in wonderful position, right now, at this moment, for a reinstatement of the Iraqi dinar. [post 2 of 2]
9-28-2018 Intel Guru Frank26 “...something happened with the BIS family. And...With the WTO...The World Trade Organization. And the Bank of International Settlements. Now if you don’t know, the BIS is the Mother of all Central Banks on this planet Earth. And the Central Bank of Iraq, is one of them. And you know...that Central Bank is trying to what? Monetary Reform. Redenominate. Reinstate. Revalue. ...And something happened with them? ...Remember I told you...that there’s a date...for the lifting of the 3 zeros to add value to the currency...I don’t know it...But in my opinion, there is a date. Well, if something happened with the BIS, and CBI, it seems to be it’s because that date is very close. [post 1 of 2....stay tuned]
9-28-2018 Newshound Guru MilitiaMan Article: "Project Finance" Quote: "The need to adopt effective economic plans is essential in all economies of the world in light of the rapid competition in the international labor market, which is increasing over time, in order to maintain presence within the target markets." ...1 high tech job in Iraq may need 10 jobs in support. ...this is now telling the world that the mound they are about to build is going to need people, qualified people and in a big way. Again, that meeting in Amman (imo) was a meeting on conclusion of where Iraq was and apparently gave the green light to get the show on the road, funding. Needing to have employees qualified for the reconstruction was imo green lighted.. The money has to be their in advance. My view it is and will be with no issues, and with an appropriate rate for international banking systems with the latest technologies and with the highest regulations and transparencies that meet the same.. The best of the best, are there now and more will follow.. imo!
9-28-2018 Intel Guru Bruce When it comes to what we are waiting for, we have been getting really good information the last day or two about the fact we are at the point of completion. What I mean by that is security has always been a concern. It is at the point where everything is ready. All systems are ready...In terms of how close are we...I am not going to call it...With that being said, I have heard we are at the point now all systems are ready... Everything we are hearing is very positive. Some of the banks are talking about they are gearing up for a Monday, Tuesday start. ...I am also hearing, however, that the President is in charge of the release and he will give the green light... [post 2 of 2]
9-28-2018 Intel Guru Bruce [via Pinkroses] I said we are at the point now where we are not having to look at Iraq to complete something before we go. However we did hear from Sulaymaniyah, Iraq today, and we heard that all the official notifications with Iraq with their Prime Ministership of Abadi will actually take sort of a role of more powers if you will. More things have been given to him as Prime Minister than are typical...That position and everything having to do with their new Parliament all of that along with CBI, everything we been looking for will be done on Monday, Iraq time...It is all good, but they are so far along that we know what is going on. We know it is done. We are not really waiting on them as we were in the past. [post 1 of 2....stay tuned]
9-28-2018 Newshound Guru Breitling Article: “the Feds decision to raise interest rates will raise the value of the dollar at the expense of the dinar. This will adversely effect the economy of Iraq unless Iraq’s Central Bank accelerates the measures to protect the dinar…” So how do you do that? Well you raise the value of the dinar and you keep up with the interest rates of the US Dollar. What do you have to do to raise the value of the dinar? You start taking more dinar off the market. Or if its already off the market, start adding value…Again, another door of opportunity for the value to be changed. And why do they want the value to be changed? Why do they want the value to go up? …they want Iraqi citizens to do business around the world. That’s why they’ve been doing deals and all that stuff with these international entities, organizations, institutions…it’s all there. Black and white. It’s right there. it’s all in front of you…
9-28-2018 Intel Guru Frank26 Okay, something happened with the BIS. Something happened with the WTO. Something happened with the CBI. Did you notice all of the sudden a few days ago, the CBI comes out and they says “...We’re just going to push the American Dollar away. We don’t want the American Dollar....we’re removing it.” ...we’re gonna ...start...paying our citizens...salary, electronically...and only with the Iraqi Dinar.” “And also, we’re doing some other things with only the Iraqi dinar.” ...We don’t want to use the American Dollar. We’re removing it. Now do you understand what that is? With the MCPs the auctions? Well, you should be jumping for joy! A relationship between the American Dollar and the IQD will develop and, but it will be in a basket. It won’t be in an auction of the CBI. The auctions are in wonderful position, right now, at this moment, for a reinstatement of the Iraqi dinar. [post 2 of 2]
9-28-2018 Intel Guru Frank26 “...something happened with the BIS family. And...With the WTO...The World Trade Organization. And the Bank of International Settlements. Now if you don’t know, the BIS is the Mother of all Central Banks on this planet Earth. And the Central Bank of Iraq, is one of them. And you know...that Central Bank is trying to what? Monetary Reform. Redenominate. Reinstate. Revalue. ...And something happened with them? ...Remember I told you...that there’s a date...for the lifting of the 3 zeros to add value to the currency...I don’t know it...But in my opinion, there is a date. Well, if something happened with the BIS, and CBI, it seems to be it’s because that date is very close. [post 1 of 2....stay tuned]
9-28-2018 Newshound Guru MilitiaMan Article: "Project Finance" Quote: "The need to adopt effective economic plans is essential in all economies of the world in light of the rapid competition in the international labor market, which is increasing over time, in order to maintain presence within the target markets." ...1 high tech job in Iraq may need 10 jobs in support. ...this is now telling the world that the mound they are about to build is going to need people, qualified people and in a big way. Again, that meeting in Amman (imo) was a meeting on conclusion of where Iraq was and apparently gave the green light to get the show on the road, funding. Needing to have employees qualified for the reconstruction was imo green lighted.. The money has to be their in advance. My view it is and will be with no issues, and with an appropriate rate for international banking systems with the latest technologies and with the highest regulations and transparencies that meet the same.. The best of the best, are there now and more will follow.. imo!
9-27-2018 Newshound/Intel Guru Mnt Goat ...Many keep asking me - Will this RV ever occur? ...it will soon and is actually underway. ...We know (since they CBI itself has told us) that the reinstatement will be at a much higher rate and the currency will be re-pegged off the sole de facto peg to the US Dollars to an “SDR basket” of five currencies, one of which will be the US Dollar. We know (since the CBI itself has told us) that they want to move the Iraqi dinar back to its “glory days”...the 1930’s and 1940’s.. We can then look up the past rate of this period and see it was steady at around $4.86 USD per 1 dinar. This leads me then to believe that this is around the stabilizing, normalized rate that the CBI intends to have dinar someday soon. [post 3 of 3]
9-27-2018 Newshound/Intel Guru Mnt Goat Are there still the larger 3 zero notes in circulation? Yes of course...only 2/3 were taken out of circulation and so 1/3 still remain. Don’t forget also we hold some of this remaining 1/3. The CBI wants to retrieve these too. There are even some of the ATMs in Iraq that are still dispersing them. But this is short lived not the norm or the trend the CBI wants to push the monetary policy towards. These ATMs are only temporary and will change over as more of the smaller categories are dispersed by the CBI in the coming weeks and months. We know that the denominations the CBI still has to yet disperse are the 5, 10, 25, 50, 100 notes and coins...the 100 dinar denomination is probably the most likely note to be issued next. [post 2 of 3....stay tuned]
9-27-2018 Newshound/Intel Guru Mnt Goat The CBI has just recently...told us that they fully intend to infuse yet even more of the 20, 500 and 1,000 notes into circulation. Why would they do this? They are doing this since these notes are now the most widely used notes in Iraq. They are even going after the worn-out notes and replacing them. They do not even mention the larger 3 zero notes anymore. But we know they are still there. We know that the CBI told us these older 3 zero notes will coincide with the smaller category notes for at least 10 years. [post 1 of 3....stay tuned]
9-27-2018 Newshound/Intel Guru David M. Witty Iraqi Speaker of Parliament: there are 31 candidates for the presidency of the republic, but only 7 meet the conditions. In Iraqi election news, Iraqi Parliament will go forward with 7 of the original 31 candidates for president. Most of the remainder do not have the necessary qualifications.
9-27-2018 Intel Guru Frank26 Inside the Monetary Reform is a re-denomination. Which I believe is also well established. ...After that comes, the third thing. Actually the third and fourth are in combination, and that might be what would cause some trouble. It is the re-instatement and the revaluazation, of the Iraqi Dinar. ...so in conjunction is the RI, the reinstatement, and the revaluazation, because once you reinstate the currency, it’s in position, either at that moment to revalue, or, it’s in position to revalue very shortly afterwards. How is it revalued? By the lifting of the 3 zeros of the exchange rate. Yeah. There is the Monetary Reform that is introducing a redenomination and that...will bring forth a reinstatement and a revaluazation. The RI, the RV can occur in conjunction, instantly together, or they can occur once and then the other one. But, it would be a Reinstatement first, that would then bring forth an RV. [post 3 of 3]
9-27-2018 Intel Guru Frank26 And as far as I’m concerned, they are well past that as well too. Not only in the education to the citizens, but also in printing it. ...You saw millions and millions that they spent in printing new currency. ...They even told you which category... Very clearly. And we established the difference in the lower denoms, which have a space, a Specimen stamp on the new ones that are leaving the borders of Iraq! And where are they going? Oh yes! To all the other Central Banks in Iraq! [IMO] The Iraqi currency by the Central Bank of Iraq and many world entities along and in conjunction with the government of Iraq, are going through are… are going through a Monetary Reform, “MR.” [post 2 of 3....stay tuned]
9-27-2018 Intel Guru Frank26 The Central Bank of Iraq, in conjunction with the Government of Iraq, is in the process of going through what is called a “Monetary Reform.” Now that’s an “MR.” Okay? Now within the MR, consist, some other initials. Three of them in fact. The next one is what’s called the RD, and they’re already done with that. That’s called the redenomination. You know instead of a…a…a…a, $100 dollar bill in your pocket? How about if you had 5 $20 dollar bills in your pocket? Well, you redenominated that $100 bill into 5 $20 dollar bills. In other words, they want to get rid of the 3 zero notes and bring in the small notes; that’s the redenomination process. [post 1 of 3....stay tuned]
9-27-2018 Newshound Guru Adam Montana [The Kurds should give up on the Iraqi presidency altogether or at least reach an advance agreement on the post to avoid further disagreements and complications.] This should all be coming to a head soon, with the end result paving the way for HCL.
9-27-2018 Newshound Guru Currency365 Market in crisis by availability of lower notes (1000, 500, 250) having to pay 10% fee... whats happening now is a temporary situation Cause CBI cut Large amount of small notes & once it start Pumping in markets gradually during the next two weeks it will end crisis!! let the new notes with purchasing power rain down on the citizens :)
9-27-2018 Newshound/Intel Guru Mnt Goat Are there still the larger 3 zero notes in circulation? Yes of course...only 2/3 were taken out of circulation and so 1/3 still remain. Don’t forget also we hold some of this remaining 1/3. The CBI wants to retrieve these too. There are even some of the ATMs in Iraq that are still dispersing them. But this is short lived not the norm or the trend the CBI wants to push the monetary policy towards. These ATMs are only temporary and will change over as more of the smaller categories are dispersed by the CBI in the coming weeks and months. We know that the denominations the CBI still has to yet disperse are the 5, 10, 25, 50, 100 notes and coins...the 100 dinar denomination is probably the most likely note to be issued next. [post 2 of 3....stay tuned]
9-27-2018 Newshound/Intel Guru Mnt Goat The CBI has just recently...told us that they fully intend to infuse yet even more of the 20, 500 and 1,000 notes into circulation. Why would they do this? They are doing this since these notes are now the most widely used notes in Iraq. They are even going after the worn-out notes and replacing them. They do not even mention the larger 3 zero notes anymore. But we know they are still there. We know that the CBI told us these older 3 zero notes will coincide with the smaller category notes for at least 10 years. [post 1 of 3....stay tuned]
9-27-2018 Newshound/Intel Guru David M. Witty Iraqi Speaker of Parliament: there are 31 candidates for the presidency of the republic, but only 7 meet the conditions. In Iraqi election news, Iraqi Parliament will go forward with 7 of the original 31 candidates for president. Most of the remainder do not have the necessary qualifications.
9-27-2018 Intel Guru Frank26 Inside the Monetary Reform is a re-denomination. Which I believe is also well established. ...After that comes, the third thing. Actually the third and fourth are in combination, and that might be what would cause some trouble. It is the re-instatement and the revaluazation, of the Iraqi Dinar. ...so in conjunction is the RI, the reinstatement, and the revaluazation, because once you reinstate the currency, it’s in position, either at that moment to revalue, or, it’s in position to revalue very shortly afterwards. How is it revalued? By the lifting of the 3 zeros of the exchange rate. Yeah. There is the Monetary Reform that is introducing a redenomination and that...will bring forth a reinstatement and a revaluazation. The RI, the RV can occur in conjunction, instantly together, or they can occur once and then the other one. But, it would be a Reinstatement first, that would then bring forth an RV. [post 3 of 3]
9-27-2018 Intel Guru Frank26 And as far as I’m concerned, they are well past that as well too. Not only in the education to the citizens, but also in printing it. ...You saw millions and millions that they spent in printing new currency. ...They even told you which category... Very clearly. And we established the difference in the lower denoms, which have a space, a Specimen stamp on the new ones that are leaving the borders of Iraq! And where are they going? Oh yes! To all the other Central Banks in Iraq! [IMO] The Iraqi currency by the Central Bank of Iraq and many world entities along and in conjunction with the government of Iraq, are going through are… are going through a Monetary Reform, “MR.” [post 2 of 3....stay tuned]
9-27-2018 Intel Guru Frank26 The Central Bank of Iraq, in conjunction with the Government of Iraq, is in the process of going through what is called a “Monetary Reform.” Now that’s an “MR.” Okay? Now within the MR, consist, some other initials. Three of them in fact. The next one is what’s called the RD, and they’re already done with that. That’s called the redenomination. You know instead of a…a…a…a, $100 dollar bill in your pocket? How about if you had 5 $20 dollar bills in your pocket? Well, you redenominated that $100 bill into 5 $20 dollar bills. In other words, they want to get rid of the 3 zero notes and bring in the small notes; that’s the redenomination process. [post 1 of 3....stay tuned]
9-27-2018 Newshound Guru Adam Montana [The Kurds should give up on the Iraqi presidency altogether or at least reach an advance agreement on the post to avoid further disagreements and complications.] This should all be coming to a head soon, with the end result paving the way for HCL.
9-27-2018 Newshound Guru Currency365 Market in crisis by availability of lower notes (1000, 500, 250) having to pay 10% fee... whats happening now is a temporary situation Cause CBI cut Large amount of small notes & once it start Pumping in markets gradually during the next two weeks it will end crisis!! let the new notes with purchasing power rain down on the citizens :)
9-26-2018 Newshound/Intel Guru Mnt Goat UPDATE ON THE ELECTION SAGA: The news period since Monday has been very slow. I suspect that come Oct 2nd the flood gates will open up from the news media. But still no news of when they intend to vote on the new prime minister position. Again, I am telling everyone that there is some entity that is holding back and stalling the formation of the government. I keep asking myself why are they waiting until Oct 2nd constitutional deadline to vote on the president? ...So we do not see any date set yet for the announcement or voting on the prime minister position. We know they intend to vote on the president but not the prime minister on Oct 2nd. We have read a few articles from MPs and legal experts they would prefer to have this vote for PM also in the same session when taking the vote on the president.
9-26-2018 Intel Guru Frank26 Article: “Intelligence sources: unknown parties behind the crisis of small currencies and the Central Bank reveals the truth” Quote: "He said that "the scarcity of small groups of the Iraqi currency in the market is a temporary situation because the central bank cut large amounts of them and once it starts pumping in the markets gradually ending the crisis." [WHY CBI WILL DO THAT?] ONE REASON...TO CONTINUE TO EDUCATE THE CITIZENS AND TO TELL THE INTERNATIONAL WORLD...TO HAVE CONFIDENCE IN THE CURRENCY AND THE MR [MONETARY REFORM] OF THE IQD.
9-26-2018 Newshound/Intel Guru David M. Witty [via Guru chattels] Article: "Parliament ends its session in the presence of ministers of health, housing and water resources" Quote:" ...the second of October next is the last day to elect a president in accordance with the constitutional times ...." Iraqi Speaker of Parliament sets 2 October as final date to select new Iraqi President.
9-26-2018 Newshound Guru Adam Montana The good news is that we're nearing the end of this 3 ring circus of Iraqi "elections". A few "winners" will be announced (selected, appointed, anointed, or whatever you want to call it), and progress will resume. I mentioned that October 2nd is a critical date. Here's why: Parliament is set to vote in a President on that date...Keep in mind that the "Presidency" is much less important than the Prime Minister seat, in my opinion... And with the understanding that the entire process is rigged, I'm really looking forward to the very real possibility of a "*SUDDENLY*" event where Abadi retains his seat and this rocketship gets it's fuse lit! My summary today is simple... we could be a short week or two from seeing major events. I'm looking forward to it! [post 2 of 2]
9-26-2018 Newshound Guru Adam Montana Short update: October 2nd is a critical date. Longer version: We're still slogging through the election/appointment process. I said weeks ago that this wasn't going to be a fast process, but we're nearing the end of it. You'll notice I just added the term "appointment" to the election situation... They made a big deal of "counting and recounting" the "votes", they came to within a very small percentage of accuracy on the ballot totals, so it should have been a no-brainer who the winners were, correct? Ah-ha, nope! Not in this game, my friends! Iraq calls their process a democracy, but anyone with half a brain knows it's not. This isn't bad for us. It might be frustrating and unfair to the Iraqi people... [post 1 of 2....stay tuned]
9-26-2018 Newshound Guru MilitiaMan Article: "Continue preparations for the reconstruction and economic development summit" Quote: "The summit will be a conference on the sidelines of the Golden Opportunity Exhibition to meet with the world's largest companies and investors looking to work in Iraq as well as international organizations" Sounds like the green light was given? Those that are asking for help have been shown evidence of the ability of those participating in Iraq, now... Imo... I mean that there are already international firms in Iraq, even very large ones competing for major contracts, that are above and beyond those out of the conference in Kuwait lined up in February, if not working now or were already?
9-26-2018 Intel Guru Bruce Finally we are at the point what is going on Iraq is accomplished. What that means is that for once we got Iraq agreed to do everything they need to do...and they just need to make their rate known internationally. The word is they are supposed to do that tomorrow [Wednesday] for Iraq for the Middle East and we are suppose to learn about it on Thursday. ...Most of the banks have gone dark, gone quiet...Occasionally we get one or two things from our bank contact that gives us pretty good idea on the timing...it is just a matter of time. We are right where we need to be, and I look forward to shortly what should be happening.
9-26-2018 Newshound Guru Kaperoni [In view of the commitment by Iraq to provide timely and accurate data to the IMF on the exchange system in the future, the Executive Board decided NOT TO REQUIRE any further remedial action in connection with the breach of obligations under Article VIII, Sec 5.] If you're thinking they are in IMF Article VIII you are wrong. They have been trying for years to comply with the conditions of Article VIII in order to move into Article VIII. They have finally met conditions this year getting the spread within 2% and holding 90+ days. I have fully reviewed every IMF article and documented the specifics as it applies to us...
9-26-2018 Intel Guru Frank26 Article: “Intelligence sources: unknown parties behind the crisis of small currencies and the Central Bank reveals the truth” Quote: "He said that "the scarcity of small groups of the Iraqi currency in the market is a temporary situation because the central bank cut large amounts of them and once it starts pumping in the markets gradually ending the crisis." [WHY CBI WILL DO THAT?] ONE REASON...TO CONTINUE TO EDUCATE THE CITIZENS AND TO TELL THE INTERNATIONAL WORLD...TO HAVE CONFIDENCE IN THE CURRENCY AND THE MR [MONETARY REFORM] OF THE IQD.
9-26-2018 Newshound/Intel Guru David M. Witty [via Guru chattels] Article: "Parliament ends its session in the presence of ministers of health, housing and water resources" Quote:" ...the second of October next is the last day to elect a president in accordance with the constitutional times ...." Iraqi Speaker of Parliament sets 2 October as final date to select new Iraqi President.
9-26-2018 Newshound Guru Adam Montana The good news is that we're nearing the end of this 3 ring circus of Iraqi "elections". A few "winners" will be announced (selected, appointed, anointed, or whatever you want to call it), and progress will resume. I mentioned that October 2nd is a critical date. Here's why: Parliament is set to vote in a President on that date...Keep in mind that the "Presidency" is much less important than the Prime Minister seat, in my opinion... And with the understanding that the entire process is rigged, I'm really looking forward to the very real possibility of a "*SUDDENLY*" event where Abadi retains his seat and this rocketship gets it's fuse lit! My summary today is simple... we could be a short week or two from seeing major events. I'm looking forward to it! [post 2 of 2]
9-26-2018 Newshound Guru Adam Montana Short update: October 2nd is a critical date. Longer version: We're still slogging through the election/appointment process. I said weeks ago that this wasn't going to be a fast process, but we're nearing the end of it. You'll notice I just added the term "appointment" to the election situation... They made a big deal of "counting and recounting" the "votes", they came to within a very small percentage of accuracy on the ballot totals, so it should have been a no-brainer who the winners were, correct? Ah-ha, nope! Not in this game, my friends! Iraq calls their process a democracy, but anyone with half a brain knows it's not. This isn't bad for us. It might be frustrating and unfair to the Iraqi people... [post 1 of 2....stay tuned]
9-26-2018 Newshound Guru MilitiaMan Article: "Continue preparations for the reconstruction and economic development summit" Quote: "The summit will be a conference on the sidelines of the Golden Opportunity Exhibition to meet with the world's largest companies and investors looking to work in Iraq as well as international organizations" Sounds like the green light was given? Those that are asking for help have been shown evidence of the ability of those participating in Iraq, now... Imo... I mean that there are already international firms in Iraq, even very large ones competing for major contracts, that are above and beyond those out of the conference in Kuwait lined up in February, if not working now or were already?
9-26-2018 Intel Guru Bruce Finally we are at the point what is going on Iraq is accomplished. What that means is that for once we got Iraq agreed to do everything they need to do...and they just need to make their rate known internationally. The word is they are supposed to do that tomorrow [Wednesday] for Iraq for the Middle East and we are suppose to learn about it on Thursday. ...Most of the banks have gone dark, gone quiet...Occasionally we get one or two things from our bank contact that gives us pretty good idea on the timing...it is just a matter of time. We are right where we need to be, and I look forward to shortly what should be happening.
9-26-2018 Newshound Guru Kaperoni [In view of the commitment by Iraq to provide timely and accurate data to the IMF on the exchange system in the future, the Executive Board decided NOT TO REQUIRE any further remedial action in connection with the breach of obligations under Article VIII, Sec 5.] If you're thinking they are in IMF Article VIII you are wrong. They have been trying for years to comply with the conditions of Article VIII in order to move into Article VIII. They have finally met conditions this year getting the spread within 2% and holding 90+ days. I have fully reviewed every IMF article and documented the specifics as it applies to us...
9-25-2018 Newshound Guru MilitiaMan Article: "Dr.. Haidar Hussein Al-Tohma / Al-Furat Center for Development and Strategic Studies" Quote: "The two biggest trading partners of Iraq, Turkey and Iran face economic sanctions and severe financial crises that may alter the profile of existing economic ties with Iraq." I will suggest that WS [Guru Walkingstick], brought this in for a very good reason. It is describing a view that is taken by, in what is actually happening in the local region and that apparently has been well thought out for the future of our investment we have in the IQD. For the people of Iraq, and even those surrounding her borders. Even painful, as it may be for two or three Countries specifically, it is happening. The effects will be profound...The increasing of purchasing power now is huge based on present exchange rate mechanisms in place, wait until Iraq goes live with the "New Currency" with an International Rate...The two or three that didn't play ball? Oh man.. ~ imo~!
9-25-2018 Newshound/Intel Guru Walkingstick 1). It is our understanding that the BIS as of right now is dealing with the CBI with debt settlements, starting from a particular date & are to be paid in IQD only... 2). Trying to clarify this right now but it seems that they are being required to do so at this time, WTO is also in the scope...They could have asked for this a long time ago but not possible because they were using US Dollars...and because they did not have a date for the RI...They can not pay at a program rate but, they have made payments before that can not be accepted/ redeemed as payment, until a particular date and time! Something different going on with the BIS...likely because it is an international debt settlement, not local... ie: local contracts... EXCELLENT for our Investment!!! HUGE NEWS!!!
9-25-2018 Intel Guru Frank26 And IMO opinion...the BIS accepted this agreement with them. BIS agreed to accept Iraq’s payments in their own currency. CBI came out with an article, “we don’t want the USD.” Doing some other things with only the Iraqi Diner. You should be jumping with joy! CBI told the BIS they wanted them to pay their debts and only with their currency (the dinar)... the BIS set up meeting with the WB, US, WTO, etc. IMO they met. The CBI did this on behalf of the GOI because only the CBI can go to the BIS and make this type of a deal for the GOI...For the GOI to pay their own bills in their own darn currency! [post 2 of 2]
9-25-2018 Intel Guru Frank26 [via sunny] Something happened in the last two weeks...I said something happened with the BIS and WTO. The BIS is the mother of central banks on this earth. CBI is one of them... I told you there is a date for the releasing of the three zero’s. I don’t know it but IMO there is a date. If something happened with the BIS or CBI it seems to me it’s because that date is close. ...CBI told the BIS, “By a certain date we will be adding back our currency. We will start paying our debts and want you to accept our payments. We want world trade with our currency. We already told everybody we printed the small notes and will introduce them. We want to make it formal.” [post 1 of 2....stay tuned]
9-25-2018 Intel Guru RayRen98 Parliament did meet on Tuesday, but no vote for President was taken. The Speaker of the House announced the 2nd of October to be the determining date for the selection of the President of the Republic.
9-25-2018 Newshound/Intel Guru Mnt Goat Article: "CONSTRUCTION: THE VOTING SESSION ON THE PRESIDENTIAL CANDIDATE WILL PROCEED SMOOTHLY AND SMOOTHLY" "...THE SESSION OF PARLIAMENT NEXT TUESDAY and allocated to vote on the candidate of the post of President of the Republic will go smoothly and easily ..." so in one article they say that they are going to wait until Oct 3rd to vote on the new president. Then the legal experts say this is against the specified timing requirement of the constitution. Then soon after this article pops out which is telling us they moved the voting of the president to Tuesday’s session [9-25-18]. So Tuesday, according to this article is not just about the Basra issues. So they have our heads spinning…..Will they change their minds again come Tuesday?
9-25-2018 Newshound/Intel Guru Walkingstick 1). It is our understanding that the BIS as of right now is dealing with the CBI with debt settlements, starting from a particular date & are to be paid in IQD only... 2). Trying to clarify this right now but it seems that they are being required to do so at this time, WTO is also in the scope...They could have asked for this a long time ago but not possible because they were using US Dollars...and because they did not have a date for the RI...They can not pay at a program rate but, they have made payments before that can not be accepted/ redeemed as payment, until a particular date and time! Something different going on with the BIS...likely because it is an international debt settlement, not local... ie: local contracts... EXCELLENT for our Investment!!! HUGE NEWS!!!
9-25-2018 Intel Guru Frank26 And IMO opinion...the BIS accepted this agreement with them. BIS agreed to accept Iraq’s payments in their own currency. CBI came out with an article, “we don’t want the USD.” Doing some other things with only the Iraqi Diner. You should be jumping with joy! CBI told the BIS they wanted them to pay their debts and only with their currency (the dinar)... the BIS set up meeting with the WB, US, WTO, etc. IMO they met. The CBI did this on behalf of the GOI because only the CBI can go to the BIS and make this type of a deal for the GOI...For the GOI to pay their own bills in their own darn currency! [post 2 of 2]
9-25-2018 Intel Guru Frank26 [via sunny] Something happened in the last two weeks...I said something happened with the BIS and WTO. The BIS is the mother of central banks on this earth. CBI is one of them... I told you there is a date for the releasing of the three zero’s. I don’t know it but IMO there is a date. If something happened with the BIS or CBI it seems to me it’s because that date is close. ...CBI told the BIS, “By a certain date we will be adding back our currency. We will start paying our debts and want you to accept our payments. We want world trade with our currency. We already told everybody we printed the small notes and will introduce them. We want to make it formal.” [post 1 of 2....stay tuned]
9-25-2018 Intel Guru RayRen98 Parliament did meet on Tuesday, but no vote for President was taken. The Speaker of the House announced the 2nd of October to be the determining date for the selection of the President of the Republic.
9-25-2018 Newshound/Intel Guru Mnt Goat Article: "CONSTRUCTION: THE VOTING SESSION ON THE PRESIDENTIAL CANDIDATE WILL PROCEED SMOOTHLY AND SMOOTHLY" "...THE SESSION OF PARLIAMENT NEXT TUESDAY and allocated to vote on the candidate of the post of President of the Republic will go smoothly and easily ..." so in one article they say that they are going to wait until Oct 3rd to vote on the new president. Then the legal experts say this is against the specified timing requirement of the constitution. Then soon after this article pops out which is telling us they moved the voting of the president to Tuesday’s session [9-25-18]. So Tuesday, according to this article is not just about the Basra issues. So they have our heads spinning…..Will they change their minds again come Tuesday?
9-24-2018 Newshound/Intel Guru Mnt Goat Article: "NEXT MEETING OF PARLIAMENT ANNOUNCED SEPT 25TH" Quote: "the agenda of the session next Tuesday, corresponding to the twenty-fifth of September, INCLUDES A DISCUSSION ON THE FORMATION OF PERMANENT COMMITTEES IN THE HOUSE OF REPRESENTATIVES." so it sounds like no voting on the elections on Tuesday instead just forming committees to address the Basra and other issues. [UPDATE: See Guru Mnt Goat post for 9-25-2018]
9-24-2018 Newshound Guru Bloodloch Some interesting intel posts going on about small denominations and need-to-know regarding the process. As far as I can tell, nothing I've read so far contradicts what I believe is about to happen, or the manner in which I'm expecting it to occur. In fact, the secretive aspects tend to support it. That does NOT mean I am 100% correct. Rest assured, even if I'm partially or entirely wrong in form and substance, it's all good and moving in the direction we all want. [reference Guru Bloodloch posts 9-16-2018 and 9-22-2018]
9-24-2018 Newshound Guru Currency365 THE PRIVATE BANKS ARE READY TO LAUNCH THE PRIVATE SECTOR!!! Part 1...The Association of Iraqi Private Banks confirmed time has come to activate initiative of the Central Bank to support small & medium enterprises, amounting to "one trillion dinars". Part 2.."Reason for not activating the initiative At the time of its launch due to window selling currency which banks were making profits from them Interest rate set 4% to lend to market there was another source of profit, "currency window" but recent profits ended only lending"
9-24-2018 Newshound Guru MilitiaMan Article quote: "And promoting the circulation of small denomination banknotes." ...today they tell us they are ceasing the MCPs by telling the citizens to bring in the USD (1.00 - 100.00s)... They have the IFRS [International Financial Reporting Standards] in the equation today for regulatory and accounting purposes and also, which by the way is supporting that they are going to be effectively issuing currency based on the Amman Jordan Meeting on Tuesday of earlier this week with the Arab Union Countries, entities like that of the BIS, WTO, IMF, executives that have a need to know the process, etc..
9-24-2018 Newshound/Intel Guru Mnt Goat Oh – but wait a second later on Sunday an agenda came out for the next session and it was scheduled for Sept 25. The agenda did NOT include electing a new president or prime minister so I am guessing this will be held off until the Oct 3rd meeting. ...Then came this article on early Monday Sept 24th: "The last date for the election of the new president is on October 10 next, according to the constitutional timing,” said Harb, for “Iraq’s News”. ...So as the election saga continues…We are reading many articles now from the news media about the timing of the voting on the new president. It is very confusing as the article are conflicting each other. So what will they actually do? We also know that the selections of candidates for these remaining positions is underway. Any candidate will need at least 220 votes to win any votes in parliament... [post 2 of 2]
9-24-2018 Newshound/Intel Guru Mnt Goat "OCTOBER 3RD SET OF THE NEXT PARLIAMENTARY MEETING" (will they wait that long?) According to Article 72 of the Constitution the constitutional period for the election of the President of the Republic will be within one month of the first session of the current parliament which was held on 3 September. This brings us to October 3rd as the final cutoff date to elect these last two positions of president (and his 3 deputies) and prime minister. Just recently they told us in an article that they intend to extent this process out right up until the deadline of October 3rd, the date of a meeting of parliament when they intend to conduct these elections. [post 1 of 2....stay tuned]
9-24-2018 Intel Guru RayRen98 From Sunday...Iraqi TV reporting that all parties are saying that they agree on Saleh as the next president and will vote for him on Tuesday. They are also reportedly stating that Abadi is the Best Candidate for the position of Prime Minister...
9-24-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, leader in Sairoon coalition: None of the political coalitions & alliances have decided on a candidate for PM. What is being circulated in the press should not be focused on.
9-24-2018 Newshound Guru Bloodloch Some interesting intel posts going on about small denominations and need-to-know regarding the process. As far as I can tell, nothing I've read so far contradicts what I believe is about to happen, or the manner in which I'm expecting it to occur. In fact, the secretive aspects tend to support it. That does NOT mean I am 100% correct. Rest assured, even if I'm partially or entirely wrong in form and substance, it's all good and moving in the direction we all want. [reference Guru Bloodloch posts 9-16-2018 and 9-22-2018]
9-24-2018 Newshound Guru Currency365 THE PRIVATE BANKS ARE READY TO LAUNCH THE PRIVATE SECTOR!!! Part 1...The Association of Iraqi Private Banks confirmed time has come to activate initiative of the Central Bank to support small & medium enterprises, amounting to "one trillion dinars". Part 2.."Reason for not activating the initiative At the time of its launch due to window selling currency which banks were making profits from them Interest rate set 4% to lend to market there was another source of profit, "currency window" but recent profits ended only lending"
9-24-2018 Newshound Guru MilitiaMan Article quote: "And promoting the circulation of small denomination banknotes." ...today they tell us they are ceasing the MCPs by telling the citizens to bring in the USD (1.00 - 100.00s)... They have the IFRS [International Financial Reporting Standards] in the equation today for regulatory and accounting purposes and also, which by the way is supporting that they are going to be effectively issuing currency based on the Amman Jordan Meeting on Tuesday of earlier this week with the Arab Union Countries, entities like that of the BIS, WTO, IMF, executives that have a need to know the process, etc..
9-24-2018 Newshound/Intel Guru Mnt Goat Oh – but wait a second later on Sunday an agenda came out for the next session and it was scheduled for Sept 25. The agenda did NOT include electing a new president or prime minister so I am guessing this will be held off until the Oct 3rd meeting. ...Then came this article on early Monday Sept 24th: "The last date for the election of the new president is on October 10 next, according to the constitutional timing,” said Harb, for “Iraq’s News”. ...So as the election saga continues…We are reading many articles now from the news media about the timing of the voting on the new president. It is very confusing as the article are conflicting each other. So what will they actually do? We also know that the selections of candidates for these remaining positions is underway. Any candidate will need at least 220 votes to win any votes in parliament... [post 2 of 2]
9-24-2018 Newshound/Intel Guru Mnt Goat "OCTOBER 3RD SET OF THE NEXT PARLIAMENTARY MEETING" (will they wait that long?) According to Article 72 of the Constitution the constitutional period for the election of the President of the Republic will be within one month of the first session of the current parliament which was held on 3 September. This brings us to October 3rd as the final cutoff date to elect these last two positions of president (and his 3 deputies) and prime minister. Just recently they told us in an article that they intend to extent this process out right up until the deadline of October 3rd, the date of a meeting of parliament when they intend to conduct these elections. [post 1 of 2....stay tuned]
9-24-2018 Intel Guru RayRen98 From Sunday...Iraqi TV reporting that all parties are saying that they agree on Saleh as the next president and will vote for him on Tuesday. They are also reportedly stating that Abadi is the Best Candidate for the position of Prime Minister...
9-24-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, leader in Sairoon coalition: None of the political coalitions & alliances have decided on a candidate for PM. What is being circulated in the press should not be focused on.
9-23-2018 Newshound Currency365 Iraq has until Oct 10th to pick the President but lets see if they do it early if so we should see the Prime minister picked in October/November...Sadr and others in a meeting tonight about Reforms and Reconstruction.
9-23-2018 Newshound Guru Don961 Article: "Private banks see the appropriate time to launch the initiative "trillion dinars" imo... sounds like it's time for the banks to be real banks and make money by doing traditional loans and providing other services ... instead of just making easy money on the spread from what they bought usd for in the currency auction ... and what they got in the street market ... there was no need to work so hard when all they needed to do was be a money-changer and resell the usd for big profits ... those days of high spreads are ended with 2% compliance ... and the pending closure/reduction of that auction window ... bringing that true value back to the iqd can't hurt either.
9-23-2018 Intel Guru Frank26 ...There are still more days in this month so lets see what happens...if we go into next month, we go into next month...will you join me in our study. I believe there are many things behind the scenes to release the Monetary Reform of the Iraqi dinar. ...Very important right now is the BIS...the BIS is working, I believe, with the GOI for Monetary Reform...I think that's significant for them to come in at this stage. IMO, the WTO is doing the same thing right now. We should look at what the BIS and WTO is doing with the government of Iraq because IMO the Central Bank of Iraq has already done what it needs to do with the fab 4. It's interesting to see the BIS came in NOW. ...I told you IMO, there is a date for the reinstatement of the Iraqi dinar...IMO, if that date is getting closer, then so should the BIS.
9-23-2018 Intel Guru Jester [It seems it is a timing thing and when it gets here it will get here.] ... IT IS...AND I DO BELIEVE THE CLOCK IS TICKING... THERE ARE THINGS HAPPENING...THE GUYS ON MY END ARE HIGHLY EXPECTANT... BUT THERE AGAIN NO ONE CAN GIVE ME ANY PROOF... THEY DO NOT GIVE DATES OR RATES EITHER... IF THEY DID THIS WOULD BE EASIER... HAHAHHAH... [I remember they said it would be done well before election day.] ...NO THAT IS NOT WHAT THEY SAID... THEY SAID THAT DOESN'T HAVE ANYTHING TO DO WITH IT.... BUT THEY THOUGHT IT MIGHT BE DONE PRIOR TO THAT...
9-23-2018 Newshound Guru chattels Article: "Dawa leaders meet in first step towards Maliki-Abadi reconciliation..." No final reconciliation agreement has been announced yet, however.
9-23-2018 Intel Guru Frank26 ...I suppose the most important thing I want you to remember...is that there is a date...I may not know it...But stop and think about this...Entities know it...
9-23-2018 Newshound Guru Don961 Article: "Private banks see the appropriate time to launch the initiative "trillion dinars" imo... sounds like it's time for the banks to be real banks and make money by doing traditional loans and providing other services ... instead of just making easy money on the spread from what they bought usd for in the currency auction ... and what they got in the street market ... there was no need to work so hard when all they needed to do was be a money-changer and resell the usd for big profits ... those days of high spreads are ended with 2% compliance ... and the pending closure/reduction of that auction window ... bringing that true value back to the iqd can't hurt either.
9-23-2018 Intel Guru Frank26 ...There are still more days in this month so lets see what happens...if we go into next month, we go into next month...will you join me in our study. I believe there are many things behind the scenes to release the Monetary Reform of the Iraqi dinar. ...Very important right now is the BIS...the BIS is working, I believe, with the GOI for Monetary Reform...I think that's significant for them to come in at this stage. IMO, the WTO is doing the same thing right now. We should look at what the BIS and WTO is doing with the government of Iraq because IMO the Central Bank of Iraq has already done what it needs to do with the fab 4. It's interesting to see the BIS came in NOW. ...I told you IMO, there is a date for the reinstatement of the Iraqi dinar...IMO, if that date is getting closer, then so should the BIS.
9-23-2018 Intel Guru Jester [It seems it is a timing thing and when it gets here it will get here.] ... IT IS...AND I DO BELIEVE THE CLOCK IS TICKING... THERE ARE THINGS HAPPENING...THE GUYS ON MY END ARE HIGHLY EXPECTANT... BUT THERE AGAIN NO ONE CAN GIVE ME ANY PROOF... THEY DO NOT GIVE DATES OR RATES EITHER... IF THEY DID THIS WOULD BE EASIER... HAHAHHAH... [I remember they said it would be done well before election day.] ...NO THAT IS NOT WHAT THEY SAID... THEY SAID THAT DOESN'T HAVE ANYTHING TO DO WITH IT.... BUT THEY THOUGHT IT MIGHT BE DONE PRIOR TO THAT...
9-23-2018 Newshound Guru chattels Article: "Dawa leaders meet in first step towards Maliki-Abadi reconciliation..." No final reconciliation agreement has been announced yet, however.
9-23-2018 Intel Guru Frank26 ...I suppose the most important thing I want you to remember...is that there is a date...I may not know it...But stop and think about this...Entities know it...
9-22-2018 Newshound Guru Don961 ...not much news of significance being reported ... yet ... does not mean that nothing is going on beyond the articles ... standing by ... imo
9-22-2018 Newshound Guru Currency365 Kurdish forces agree on Barham Saleh as the only candidate for the president...Source of the Dawa Party: a clear nomination for Abadi as prime minister for a second term...USA pulling strings again lol and will continue until there is a break in the system.
9-22-2018 Newshound/Intel Guru Mnt Goat The news these last couple days is short. Right now Iraq is at a standstill again in trying to find prime minister candidates. This is the hold up right now. They have not yet set a date for the next parliament meeting to elect the next president and prime minister. We wait for news.
9-22-2018 Intel Guru Footforward The political situation in Iraq...I couldn't care less who wins. I don't feel it has any bearing on when the RV happens...It doesn't matter who's in power in Iraq for this to happen...the government of Iraq is not in control of this...they haven't been since day one. When Iran's nuclear sites get hit...that's when the RV will happen... within days of that happening. I know this [the RV] is going to happen.
9-22-2018 Newshound Guru Bloodloch Regardless of what government is formed and who fills the particular leadership roles, so long as it is stable, the CBI should be good to proceed forward. On another front, a recent post attributed to [Guru] "Walkingstick" reads: "The lower denomination/s and or coin/s will be not put into circulation, arbitrarily... Prior, to the release ...of any, bank note/s and or coin/s into circulation... Iraqis/ we will, read of ... it will be in print ... The when, why, exchange -rate, description/s, photos of...etc:" This makes perfect sense -- that they will lay their cards on the table openly just prior to releasing the new lower denominations -- in order for the project to remove the zeros to proceed forward. Without those explanations and examples, it could easily be very confusing to the citizens of Iraq. With the explanations and examples, it will be quite easily understood. In any case and barring unforeseen circumstances, various public statements from the CBI lead me to believe we'll all have our answers to our years-long questions before the Autumn is out...Trying very hard to walk a tightrope here, to say without saying...
9-22-2018 Newshound Guru Currency365 Kurdish forces agree on Barham Saleh as the only candidate for the president...Source of the Dawa Party: a clear nomination for Abadi as prime minister for a second term...USA pulling strings again lol and will continue until there is a break in the system.
9-22-2018 Newshound/Intel Guru Mnt Goat The news these last couple days is short. Right now Iraq is at a standstill again in trying to find prime minister candidates. This is the hold up right now. They have not yet set a date for the next parliament meeting to elect the next president and prime minister. We wait for news.
9-22-2018 Intel Guru Footforward The political situation in Iraq...I couldn't care less who wins. I don't feel it has any bearing on when the RV happens...It doesn't matter who's in power in Iraq for this to happen...the government of Iraq is not in control of this...they haven't been since day one. When Iran's nuclear sites get hit...that's when the RV will happen... within days of that happening. I know this [the RV] is going to happen.
9-22-2018 Newshound Guru Bloodloch Regardless of what government is formed and who fills the particular leadership roles, so long as it is stable, the CBI should be good to proceed forward. On another front, a recent post attributed to [Guru] "Walkingstick" reads: "The lower denomination/s and or coin/s will be not put into circulation, arbitrarily... Prior, to the release ...of any, bank note/s and or coin/s into circulation... Iraqis/ we will, read of ... it will be in print ... The when, why, exchange -rate, description/s, photos of...etc:" This makes perfect sense -- that they will lay their cards on the table openly just prior to releasing the new lower denominations -- in order for the project to remove the zeros to proceed forward. Without those explanations and examples, it could easily be very confusing to the citizens of Iraq. With the explanations and examples, it will be quite easily understood. In any case and barring unforeseen circumstances, various public statements from the CBI lead me to believe we'll all have our answers to our years-long questions before the Autumn is out...Trying very hard to walk a tightrope here, to say without saying...
9-21-2018 Newshound Guru chattels Abadi appears to be making a last ditch effort to rally support, despite him announcing last week that he would not cling to power following a decree by Grand Ayatollah Ali al-Sistani that Iraqis shouldn’t support politicians who have recently been in power.
9-21-2018 Newshound/Intel Guru Mnt Goat Even with the current US sanctions against Iran we see the immediate necessity to change over to dinar and use it with their middle eastern trading partners. But to do this will mean reinstating the currency to the global markets/exchanges. ...Don’t you think the CBI would have done it by now if they could. ...But if they begin down that road of launching the lower, lower category notes they need full assurances that the approvals will not be yanked again in the middle of the process and the PTB will actually do their part too and complete the reinstate part of the process. Can you see why the CBI hesitates? Without the reinstatement the entire process fails and the newer lower category notes become worthless on the streets. Billions spent on this effort would be worthless. [post 3 of 3]
9-21-2018 Newshound/Intel Guru Mnt Goat ...The CBI is playing it very safe. The governor...this past weekend told us that there are still STABILITY reasons as to why they are not moving ahead with the project to delete the zeros. ...this process is a calculated process and takes time to set up events ahead of time and work its way to the reinstatement. It is NOT something you just decide to do today and they trigger it tomorrow. One event is the launching of the lower, lower smaller category notes and coins. This must be gradual. Right now their obstacle is having a STABLE government that will support the needed laws to coincide with the monetary & economic reforms for this purpose. [post 2 of 3....stay tuned]
9-21-2018 Newshound/Intel Guru Mnt Goat ...the big questions now is this – will the CBI do away with the currency window altogether and then just let the banks loan out the money? But what is the purpose of the currency auctions anyhow? They are to convert the dinar to US dollars to use to pay for imported goods and services. This process was done as part of the monetary sanctions by the IMF put on Iraq. Why do they still need to do this? Technically they don’t. Iraq has been free of all monetary sanctions for some time now. So why is the CBI still operating in the process? [post 1 of 3....stay tuned]
9-21-2018 Intel Guru Bruce ...Don’t they want the rate out? Yes, they do, but guess what the holdup has been? They have a number of people in Iraq, bad guys, that are still needing to be picked up, arrested, and dealt with. They have a limited amount of time to do that. They have been doing it, but they need to complete that. That is why they haven’t put it out in the Gazette and why it hasn’t been completed in our point of view. It has to do with the arresting and handling of those arrests.
9-21-2018 Intel Guru Bruce Is Iraq still in the equation? The unfortunate answer is Yes they are. They are still a factor. They have been given an ultimatum today by our administration to have all this stuff done meaning temporary election, their CBI up and out with the new rate, to have HCL talked about and discussed and put out in the open. All these things dealing with Iraq is to be done. The ultimatum is for this to be done by Monday. Iraq has said they expect everything we just talked about to be in the Gazette on Saturday. That is their normal publication date. It could be in sooner digital. It should be in the Gazette on Saturday.
9-21-2018 Newshound/Intel Guru Arthur [...if the equation is and always has been GOI + HCL = RV then why did we not get the RV 6 months ago when they had it?] Because IMO, until we actually see documented proof that all the citizens in all the 19 provinces (especially Kurdistan and Basra) are being paid a percentage of the oil revenues, there has not been a full blown activated and, most importantly, IMPLEMENTED Hydro Carbon Law (HCL) in Iraq. It has been activated on and off for years, but IMO never fully implemented, the implementation (along with the new GOI) of which IMO will be a major trigger point for whatever we've been waiting on all these years.
9-21-2018 Newshound/Intel Guru Mnt Goat Even with the current US sanctions against Iran we see the immediate necessity to change over to dinar and use it with their middle eastern trading partners. But to do this will mean reinstating the currency to the global markets/exchanges. ...Don’t you think the CBI would have done it by now if they could. ...But if they begin down that road of launching the lower, lower category notes they need full assurances that the approvals will not be yanked again in the middle of the process and the PTB will actually do their part too and complete the reinstate part of the process. Can you see why the CBI hesitates? Without the reinstatement the entire process fails and the newer lower category notes become worthless on the streets. Billions spent on this effort would be worthless. [post 3 of 3]
9-21-2018 Newshound/Intel Guru Mnt Goat ...The CBI is playing it very safe. The governor...this past weekend told us that there are still STABILITY reasons as to why they are not moving ahead with the project to delete the zeros. ...this process is a calculated process and takes time to set up events ahead of time and work its way to the reinstatement. It is NOT something you just decide to do today and they trigger it tomorrow. One event is the launching of the lower, lower smaller category notes and coins. This must be gradual. Right now their obstacle is having a STABLE government that will support the needed laws to coincide with the monetary & economic reforms for this purpose. [post 2 of 3....stay tuned]
9-21-2018 Newshound/Intel Guru Mnt Goat ...the big questions now is this – will the CBI do away with the currency window altogether and then just let the banks loan out the money? But what is the purpose of the currency auctions anyhow? They are to convert the dinar to US dollars to use to pay for imported goods and services. This process was done as part of the monetary sanctions by the IMF put on Iraq. Why do they still need to do this? Technically they don’t. Iraq has been free of all monetary sanctions for some time now. So why is the CBI still operating in the process? [post 1 of 3....stay tuned]
9-21-2018 Intel Guru Bruce ...Don’t they want the rate out? Yes, they do, but guess what the holdup has been? They have a number of people in Iraq, bad guys, that are still needing to be picked up, arrested, and dealt with. They have a limited amount of time to do that. They have been doing it, but they need to complete that. That is why they haven’t put it out in the Gazette and why it hasn’t been completed in our point of view. It has to do with the arresting and handling of those arrests.
9-21-2018 Intel Guru Bruce Is Iraq still in the equation? The unfortunate answer is Yes they are. They are still a factor. They have been given an ultimatum today by our administration to have all this stuff done meaning temporary election, their CBI up and out with the new rate, to have HCL talked about and discussed and put out in the open. All these things dealing with Iraq is to be done. The ultimatum is for this to be done by Monday. Iraq has said they expect everything we just talked about to be in the Gazette on Saturday. That is their normal publication date. It could be in sooner digital. It should be in the Gazette on Saturday.
9-21-2018 Newshound/Intel Guru Arthur [...if the equation is and always has been GOI + HCL = RV then why did we not get the RV 6 months ago when they had it?] Because IMO, until we actually see documented proof that all the citizens in all the 19 provinces (especially Kurdistan and Basra) are being paid a percentage of the oil revenues, there has not been a full blown activated and, most importantly, IMPLEMENTED Hydro Carbon Law (HCL) in Iraq. It has been activated on and off for years, but IMO never fully implemented, the implementation (along with the new GOI) of which IMO will be a major trigger point for whatever we've been waiting on all these years.
9-20-2018 Newshound Guru Walkingstick ...The lower denomination/s and or coin/s will be not put into circulation, arbitrarily... Prior, to the release ...of any, bank note/s and or coin/s into circulation... Iraqis/ we will, read of ...it will be in print...The when, why, exchange -rate, description/s, photos of...etc...
9-20-2018 Newshound/Intel Guru Mnt Goat Oh – did the CBI governor himself just tell us also in Monday’s press release that he needs STABILITY to go ahead with the “project to delete the zeros”? So what is this needed STABILITY? This is why I keep saying, that if the Iraqi political environment does not become stable again, by at least mid October, we are going to be in for a longer haul for any RV and it may overflow into 2019... All I can say is Haider al-Abadi better get re-elected as the prime minister as this is our best chance and hope of limiting this time line to the reinstatement... [post 2 of 2]
9-20-2018 Newshound/Intel Guru Mnt Goat Article quote: “THE NEED TO ACCELERATE THE ENACTMENT OF LAWS THAT SUPPORT THE RECONSTRUCTION AND STABILITY OF IRAQ”. ...this is coming from the newly elected speaker of parliament. More proof, yet more evidence of why I keep saying about certain laws that must be in place an implemented prior to any RV for stability reasons. Just because the CBI does not come out and specifically say what these laws are, does not mean they are still not needed… [post 1 of 2....stay tuned]
9-20-2018 Newshound Guru Adam Montana [...since the USA and Iran are not in very good terms,is it possible that Iran can undermine the RV knowing it will have a big impact on American citizens? Why is it taking so long to implement a new P.M.?] I'm sure they'd love to, but their power is limited. No concerns there in my opinion. "Why" is it taking so long to implement a new PM? It's Iraq. : )
9-20-2018 Newshound/Intel Guru Arthur The equation is and always has been GOI + HCL = RV. As of this moment we are in a place where we have neither. And neither do we yet have an RV. That is it in a nutshell. Many things activated but not as yet implemented. Still an I to dot and a T to cross. This could all still happen within any 24 to 48 hour period. I have from a good Washington source Mr T is pushing for some time shortly prior to the mid terms. As usual patience is a virtue.
9-20-2018 Newshound/Intel Guru Mnt Goat ...first let me say I did not give a 2019 timeframe...I did say that if this reinstatement of the Iraqi dinar, as a result of the project to delete the zeros, does not get moved ahead by mid October 2018 we can expect a long ride that may overlap into 2019. Why do I say this? ...I am saying this now for two very important reasons: 1) Just as the CBI director himself just told us in the latest news media press release that there must be certain conditions to exist. Again BIG emphasis on STABILITY. BIG emphasis on the correct ENVIRONMENT; 2) the blast of economic and financial sanctions about to hit Iran in early November and spill over impact into Iraq. You don’t think this will impact the STABILITY of Iraq if the CBI does not RV by then?...
9-20-2018 Newshound/Intel Guru Mnt Goat Oh – did the CBI governor himself just tell us also in Monday’s press release that he needs STABILITY to go ahead with the “project to delete the zeros”? So what is this needed STABILITY? This is why I keep saying, that if the Iraqi political environment does not become stable again, by at least mid October, we are going to be in for a longer haul for any RV and it may overflow into 2019... All I can say is Haider al-Abadi better get re-elected as the prime minister as this is our best chance and hope of limiting this time line to the reinstatement... [post 2 of 2]
9-20-2018 Newshound/Intel Guru Mnt Goat Article quote: “THE NEED TO ACCELERATE THE ENACTMENT OF LAWS THAT SUPPORT THE RECONSTRUCTION AND STABILITY OF IRAQ”. ...this is coming from the newly elected speaker of parliament. More proof, yet more evidence of why I keep saying about certain laws that must be in place an implemented prior to any RV for stability reasons. Just because the CBI does not come out and specifically say what these laws are, does not mean they are still not needed… [post 1 of 2....stay tuned]
9-20-2018 Newshound Guru Adam Montana [...since the USA and Iran are not in very good terms,is it possible that Iran can undermine the RV knowing it will have a big impact on American citizens? Why is it taking so long to implement a new P.M.?] I'm sure they'd love to, but their power is limited. No concerns there in my opinion. "Why" is it taking so long to implement a new PM? It's Iraq. : )
9-20-2018 Newshound/Intel Guru Arthur The equation is and always has been GOI + HCL = RV. As of this moment we are in a place where we have neither. And neither do we yet have an RV. That is it in a nutshell. Many things activated but not as yet implemented. Still an I to dot and a T to cross. This could all still happen within any 24 to 48 hour period. I have from a good Washington source Mr T is pushing for some time shortly prior to the mid terms. As usual patience is a virtue.
9-20-2018 Newshound/Intel Guru Mnt Goat ...first let me say I did not give a 2019 timeframe...I did say that if this reinstatement of the Iraqi dinar, as a result of the project to delete the zeros, does not get moved ahead by mid October 2018 we can expect a long ride that may overlap into 2019. Why do I say this? ...I am saying this now for two very important reasons: 1) Just as the CBI director himself just told us in the latest news media press release that there must be certain conditions to exist. Again BIG emphasis on STABILITY. BIG emphasis on the correct ENVIRONMENT; 2) the blast of economic and financial sanctions about to hit Iran in early November and spill over impact into Iraq. You don’t think this will impact the STABILITY of Iraq if the CBI does not RV by then?...
9-19-2018 Newshound Guru Adam Montana [...when it comes to HCL how do they sell the oil they are pumping out without having HCL in place ? I. Your last update it does sound promising after all most 9 yrs waiting...] I still think we are in a promising situation right now! "How" they are selling oil is exactly why they need the HCL in place. Without the HCL in place, their entire process is antiquated and inefficient, and prone to argument about profit sharing. Once the HCL is finalized, they can focus on other things... that's why it's so important. So, the answer is this: poorly, inefficiently, and not meeting their potential.
9-19-2018 Newshound Guru MilitiaMan Article: "Governor of the Central Bank of Iraq participates in the meeting of the Board of Governors of central banks" This meeting has to have been one very interesting meeting and I'll bet it has significant information being passed along between members. Interesting that the BIS has chosen to not publish Iraq's Exchange rate to the US Dollar yet this year on their website for daily nor monthly, quarterly etc.. They quit in qrtr 4/2017...
9-19-2018 Newshound Guru Adam Montana Steady progress has been made, but until the first item is cleared up we really cannot expect anyone to stick their necks out and "get it done". Until they know where the money is going, they aren't going to be signing any deals! And until they have a new PM locked in, they can't be certain where the money is going to go. It's as simple as that. As far as a "timeline" on this situation... I don't know. It could be a week, or a month, or more. But they will not go forever without an official sitting Prime Minister, so as soon as that is settled, that is when we can expect things to move forward. Items of note: 1. I like progress. It appears that the Speaker role has been filled. Good news there! Keep up the good work, Iraq... check those items off the list until we're ready for launch. [post 2 of 2]
9-19-2018 Newshound Guru Adam Montana We have two pending issues before we will see an RV. One is a resolution on who, if anyone, will take Abadi's place. I'm feeling more and more confident that Abadi may very well retain his position, and that's a great feeling! Without getting too deep into it, because I've certainly spent a fair amount of time on this topic over the last couple months, I feel like he's a great option for the country and it would be much more expedient for our purposes if he were to retain his seat. The other issue, of course, is HCL. There are some rumors floating around that it is "done"... I have not seen any evidence to back that up, and that's my stance. [post 1 of 2....stay tuned]
9-19-2018 Intel Guru Bruce Now when it comes to the CBI and the actual rate of the Iraqi dinar, you know they won’t put that rate out online where we can see it. I think it will be a little bit higher rate than we thought it was. We have known that for months that even though they have an in country rate and all of that, they got it on their Qi cards, and they are being paid, all of that, none of that is going to be revealed to us in any accurate detail based on the value of the dinar until we are ready to start...It won’t happen for us until they are absolutely ready to let this go here in the United States... We are looking very strong for the next 24 to 48 hours. I do believe they want it to go this week still...Be on high alert the next couple of days. [post 2 of 2]
9-19-2018 Intel Guru Bruce [via PinkRoses] I think we are as close as we have ever been, but we did get somewhat delayed...by the storm, Florence. I am hearing late this afternoon we did get confirmation from Sulaymaniyah, Iraq that the HCL has been complete. It is done. I don’t know whether it means they paid out of it yet. ...I know we are expecting that. We are expecting some news about the CBI. We are expecting some news quite possibly about Abadi and the Prime Ministership in the Gazette...we found out in more detail that Abadi will be the Prime Minister for Iraq for the next two years. [post 1 of 2....stay tuned]
9-19-2018 Intel Guru 12thman Just got off a call with our group and one of our US political insiders. This person made it very clear that 10-12 days out from the Mid terms was their goal. They want a positive US environment... Stability and progress, not just in the M.E., is key. It's just as important if not more here in our own country. He went on to state that you will see lots of little things leading up to some big articles and statements made by key figures as we draw closer to Nov.
9-19-2018 Newshound/Intel Guru Walkingstick WE WANT YOU TO KNOW THAT THE US IS CALLING ALL THE SHOTS WITH IRAQ IF SO, DO YOU HONESTLY THINK THEY DON'T WANT IRAQ TO RI THEIR CURRENCY? THE US IS LOOKING FOR THE RIGHT TIMING TO DO THIS... THE RI DOES NOT NEED PARLIAMENT...DO WE NEED THE GOVT SEATED? NO!
9-19-2018 Newshound Guru MilitiaMan Article: "Governor of the Central Bank of Iraq participates in the meeting of the Board of Governors of central banks" This meeting has to have been one very interesting meeting and I'll bet it has significant information being passed along between members. Interesting that the BIS has chosen to not publish Iraq's Exchange rate to the US Dollar yet this year on their website for daily nor monthly, quarterly etc.. They quit in qrtr 4/2017...
9-19-2018 Newshound Guru Adam Montana Steady progress has been made, but until the first item is cleared up we really cannot expect anyone to stick their necks out and "get it done". Until they know where the money is going, they aren't going to be signing any deals! And until they have a new PM locked in, they can't be certain where the money is going to go. It's as simple as that. As far as a "timeline" on this situation... I don't know. It could be a week, or a month, or more. But they will not go forever without an official sitting Prime Minister, so as soon as that is settled, that is when we can expect things to move forward. Items of note: 1. I like progress. It appears that the Speaker role has been filled. Good news there! Keep up the good work, Iraq... check those items off the list until we're ready for launch. [post 2 of 2]
9-19-2018 Newshound Guru Adam Montana We have two pending issues before we will see an RV. One is a resolution on who, if anyone, will take Abadi's place. I'm feeling more and more confident that Abadi may very well retain his position, and that's a great feeling! Without getting too deep into it, because I've certainly spent a fair amount of time on this topic over the last couple months, I feel like he's a great option for the country and it would be much more expedient for our purposes if he were to retain his seat. The other issue, of course, is HCL. There are some rumors floating around that it is "done"... I have not seen any evidence to back that up, and that's my stance. [post 1 of 2....stay tuned]
9-19-2018 Intel Guru Bruce Now when it comes to the CBI and the actual rate of the Iraqi dinar, you know they won’t put that rate out online where we can see it. I think it will be a little bit higher rate than we thought it was. We have known that for months that even though they have an in country rate and all of that, they got it on their Qi cards, and they are being paid, all of that, none of that is going to be revealed to us in any accurate detail based on the value of the dinar until we are ready to start...It won’t happen for us until they are absolutely ready to let this go here in the United States... We are looking very strong for the next 24 to 48 hours. I do believe they want it to go this week still...Be on high alert the next couple of days. [post 2 of 2]
9-19-2018 Intel Guru Bruce [via PinkRoses] I think we are as close as we have ever been, but we did get somewhat delayed...by the storm, Florence. I am hearing late this afternoon we did get confirmation from Sulaymaniyah, Iraq that the HCL has been complete. It is done. I don’t know whether it means they paid out of it yet. ...I know we are expecting that. We are expecting some news about the CBI. We are expecting some news quite possibly about Abadi and the Prime Ministership in the Gazette...we found out in more detail that Abadi will be the Prime Minister for Iraq for the next two years. [post 1 of 2....stay tuned]
9-19-2018 Intel Guru 12thman Just got off a call with our group and one of our US political insiders. This person made it very clear that 10-12 days out from the Mid terms was their goal. They want a positive US environment... Stability and progress, not just in the M.E., is key. It's just as important if not more here in our own country. He went on to state that you will see lots of little things leading up to some big articles and statements made by key figures as we draw closer to Nov.
9-19-2018 Newshound/Intel Guru Walkingstick WE WANT YOU TO KNOW THAT THE US IS CALLING ALL THE SHOTS WITH IRAQ IF SO, DO YOU HONESTLY THINK THEY DON'T WANT IRAQ TO RI THEIR CURRENCY? THE US IS LOOKING FOR THE RIGHT TIMING TO DO THIS... THE RI DOES NOT NEED PARLIAMENT...DO WE NEED THE GOVT SEATED? NO!
9-18-2018 Newshound Guru Kaperoni As stated in the 2012 Article IV Consultation the plan by the IMF refers to the gradual appreciation of the dinar as a result of the Balassa-Samuelson effect. So what is that? Balassa-Samuelson Effect Definition | Investopedia: "The Balassa-Samuelson Effect is a phrase that describes the result when countries with high productivity growth also experience high wage growth, which leads to higher real exchange rates. The Balassa-Samuelson Effect suggests that an increase in wages in the tradable goods sector of an emerging economy will also lead to higher wages in the non-tradable (service) sector of the economy. The accompanying increase in inflation makes inflation rates higher in faster-growing economies than it is in slow growing, developed economies." [post 2 of 2]
9-18-2018 Newshound Guru Kaperoni This is not a RI...its a float meaning the dinar will rise to counter inflationary pressure created by an influx of investment capital. Nobody is coming yet to the party. They need to get some laws passed first as well as the new government in place to create the conditions favorable to investors. Nothing is happening until these things are done. I also believe the CBI will want to have its Article IV Consultation with the IMF to go over the banking system and directives since last year. In effect to make sure they have accomplished what was required before making any such transition. I remind people we had a member write the IMF on this matter and were told the consultation would not occur until after the formation of the new GOI. I hate to say it, but it seems obvious with the delayed formation of the government nothing will happen until at least next year with the currency. [post 1 of 2....stay tuned]
9-18-2018 Newshound/Intel Guru Mnt Goat Alalak talks about NEXT month...meaning October to do something with the paper notes. What is this action? I quote from the article he says “to compensate for the existing small categories damaged”. So he does specifically say to replace the EXISTING small categories meaning 50 250 and 500 notes.
9-18-2018 Intel Guru Frank26 ...I have told you for many months Abadi Will be the p.m. please do not ask me that question anymore simply tell the other gurus...they are wrong ...Thank you kindly.
9-18-2018 Newshound/Intel Guru Mnt Goat Press Conference quote: "...THE CENTRAL BANK HAS A FUTURE PLAN TO RESTRUCTURE THE IRAQI CURRENCY, INCLUDING THE DELETION OF ZEROS, but that plan needs deliberate steps, and a stable situation in order not to be exploited in the fraud and other." Alalak confirms that the CBI needs stability to continue with the project to delete the zeros. ...Do you think Iraq is now politically stable? If it were why wouldn’t Alalak just tell us it was stable and they were moving forward again with the project to delete the zeros...
9-18-2018 Intel/Newshound Guru tman23 I always said...news about lower denoms always came out end of Sept and start of Oct was chatter of lifting 3 zeros, this was from official sources...AND they said the only appropriate time to lift the zeros is at the start of the New Year...OH YES...LIFT ZEROS MEANS REMOVE THE CURRENCY FROM THE MARKET PLACE... AND THE EXCHANGE RATE...
9-18-2018 Newshound Guru Kaperoni This is not a RI...its a float meaning the dinar will rise to counter inflationary pressure created by an influx of investment capital. Nobody is coming yet to the party. They need to get some laws passed first as well as the new government in place to create the conditions favorable to investors. Nothing is happening until these things are done. I also believe the CBI will want to have its Article IV Consultation with the IMF to go over the banking system and directives since last year. In effect to make sure they have accomplished what was required before making any such transition. I remind people we had a member write the IMF on this matter and were told the consultation would not occur until after the formation of the new GOI. I hate to say it, but it seems obvious with the delayed formation of the government nothing will happen until at least next year with the currency. [post 1 of 2....stay tuned]
9-18-2018 Newshound/Intel Guru Mnt Goat Alalak talks about NEXT month...meaning October to do something with the paper notes. What is this action? I quote from the article he says “to compensate for the existing small categories damaged”. So he does specifically say to replace the EXISTING small categories meaning 50 250 and 500 notes.
9-18-2018 Intel Guru Frank26 ...I have told you for many months Abadi Will be the p.m. please do not ask me that question anymore simply tell the other gurus...they are wrong ...Thank you kindly.
9-18-2018 Newshound/Intel Guru Mnt Goat Press Conference quote: "...THE CENTRAL BANK HAS A FUTURE PLAN TO RESTRUCTURE THE IRAQI CURRENCY, INCLUDING THE DELETION OF ZEROS, but that plan needs deliberate steps, and a stable situation in order not to be exploited in the fraud and other." Alalak confirms that the CBI needs stability to continue with the project to delete the zeros. ...Do you think Iraq is now politically stable? If it were why wouldn’t Alalak just tell us it was stable and they were moving forward again with the project to delete the zeros...
9-18-2018 Intel/Newshound Guru tman23 I always said...news about lower denoms always came out end of Sept and start of Oct was chatter of lifting 3 zeros, this was from official sources...AND they said the only appropriate time to lift the zeros is at the start of the New Year...OH YES...LIFT ZEROS MEANS REMOVE THE CURRENCY FROM THE MARKET PLACE... AND THE EXCHANGE RATE...
9-17-2018 Intel Guru Delta ...they cannot introduce the lower denominations, unless the rate has to change. We do believe this is two events in one day. They might even show us a rate before they introduce all those lower denominations. And this is how the phase-out of the the 3 zeros will start. ...those lower denominations, they’re going to have more value. And of course those 3 zero notes are gonna have more value, because they’re going to reinstate their currency. I mean just think about it, this is a big deal. If this isn't the moment that the Central Bank told us, then why all this hype? Why all this advertisement for it? ...why would they print a lot of small group with no value? ...We’re really expecting them now, because now they’re overdue. The reinstatement of the Iraqi dinar is overdue... ...it’s going to happen in this month, or even if they take it to October, it’s not a problem. [post 2 of 2]
9-17-2018 Intel Guru Delta “The governor of the bank Ali al-Alaq said...: "The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones," noting that "these quantities will meet the need of the local market for those categories of currency." ...here’s the most important question a lot of people are asking: Are the small notes the 250 to 500? We do believe no. I don’t believe that’s the case because, where’s the logic behind them printing AGAIN the 250, 500? ...We do believe this [is] the small groups, not the 250, and 500, and 5000. We do believe that they’re going to be the 50, the 100, the 200, that they did talk about. Iraq is exactly telling us what they are going to do. That they have a plan to modernize the existing currency, the ones that they’ve got right now, and delete the zeros. So this is one event. [post 1 of 2....stay tuned]
9-17-2018 Newshound/Intel Guru Mnt Goat Quote: "The governor of the Central Bank, Ali Alaak, on Monday, the existence of a plan to delete zeros from the local currency, noting that "this plan needs to deliberate steps, so as not to be exploited in the fraud." ...just the fact that the CBI is now talking about this project again is good news to us. We see it was in fact halted in April 2018. Surprised? Like I keep saying the CBI is in charge of the reinstatement not some banks in the US.
9-17-2018 Intel Guru Bluwolf [via OOOTAH] "There Never Been A Delay", We are at a minute to minute!
9-17-2018 Intel Guru Frank26 ...In my opinion... because WE the United States of America are calling the shots...and it can even be proven now...because we the United States of America are telling them to seat the government...Are telling them when to pass laws...Because all of this is right in front of us. I am led strongly to believe the wording of NEXT MONTH... they’re talking about October! ...they’re going to introduce the new small notes and the coins. Next month… Article quote: “The Governor of the Central Bank said: The banks plans are to modernize the currency in circulation and the deletion of the zeros.” ...they will lift the 3 zeros from the exchange rate, because they’ve lifted as much of the 3 zeros from the streets that they could, physically. [post 2 of 2]
9-17-2018 Intel Guru Frank26 The sanctions that were put on the Iraqi dinar. The program rate. ...They’re expecting the exchange rate of the Iraqi dinar to be effected because of the resilience and the stability of the economic system. What more do you want...? ...To know the date. To know everything precisely the way you want it. Even though it’s right in front of your face...They don’t have a deficit! Their budget is ready to go! Their economy is in high gear! Their monetary system is secure! [post 1 of 2....stay tuned]
9-17-2018 Newshound Guru chattels Article: "Central Bank Governor for {morning}: cash reserve is close to $ 60 billion" Interesting article...Obviously the value of the dinar is the subject of some planning and discussion. What, if any, of the declarations of the CBI are reliable? What does it mean for our investment? Quotes: " ...it is not right to make changes under unstable conditions completely, ..."; " ...the central bank has a future plan for the restructuring of the Iraqi currency, including the deletion of zeros, but that plan needs to deliberate steps, and a stable situation completely in order not to exploit it in the acts of fraud and others."
9-17-2018 Intel Guru Delta “The governor of the bank Ali al-Alaq said...: "The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones," noting that "these quantities will meet the need of the local market for those categories of currency." ...here’s the most important question a lot of people are asking: Are the small notes the 250 to 500? We do believe no. I don’t believe that’s the case because, where’s the logic behind them printing AGAIN the 250, 500? ...We do believe this [is] the small groups, not the 250, and 500, and 5000. We do believe that they’re going to be the 50, the 100, the 200, that they did talk about. Iraq is exactly telling us what they are going to do. That they have a plan to modernize the existing currency, the ones that they’ve got right now, and delete the zeros. So this is one event. [post 1 of 2....stay tuned]
9-17-2018 Newshound/Intel Guru Mnt Goat Quote: "The governor of the Central Bank, Ali Alaak, on Monday, the existence of a plan to delete zeros from the local currency, noting that "this plan needs to deliberate steps, so as not to be exploited in the fraud." ...just the fact that the CBI is now talking about this project again is good news to us. We see it was in fact halted in April 2018. Surprised? Like I keep saying the CBI is in charge of the reinstatement not some banks in the US.
9-17-2018 Intel Guru Bluwolf [via OOOTAH] "There Never Been A Delay", We are at a minute to minute!
9-17-2018 Intel Guru Frank26 ...In my opinion... because WE the United States of America are calling the shots...and it can even be proven now...because we the United States of America are telling them to seat the government...Are telling them when to pass laws...Because all of this is right in front of us. I am led strongly to believe the wording of NEXT MONTH... they’re talking about October! ...they’re going to introduce the new small notes and the coins. Next month… Article quote: “The Governor of the Central Bank said: The banks plans are to modernize the currency in circulation and the deletion of the zeros.” ...they will lift the 3 zeros from the exchange rate, because they’ve lifted as much of the 3 zeros from the streets that they could, physically. [post 2 of 2]
9-17-2018 Intel Guru Frank26 The sanctions that were put on the Iraqi dinar. The program rate. ...They’re expecting the exchange rate of the Iraqi dinar to be effected because of the resilience and the stability of the economic system. What more do you want...? ...To know the date. To know everything precisely the way you want it. Even though it’s right in front of your face...They don’t have a deficit! Their budget is ready to go! Their economy is in high gear! Their monetary system is secure! [post 1 of 2....stay tuned]
9-17-2018 Newshound Guru chattels Article: "Central Bank Governor for {morning}: cash reserve is close to $ 60 billion" Interesting article...Obviously the value of the dinar is the subject of some planning and discussion. What, if any, of the declarations of the CBI are reliable? What does it mean for our investment? Quotes: " ...it is not right to make changes under unstable conditions completely, ..."; " ...the central bank has a future plan for the restructuring of the Iraqi currency, including the deletion of zeros, but that plan needs to deliberate steps, and a stable situation completely in order not to exploit it in the acts of fraud and others."
9-16-2018 Newshound Guru Kaperoni Apparently Adil Abdul-Mahdi withdraws his nomination to be PM. [reference Kaperoni and David M. Witty posts 9-16-2018]
9-16-2018 Newshound Guru Bloodloch In fact, I would think that the faster they finish (reach the equilibrium point) the sooner the Iraqi people can start to gain the benefits of an expanding economy and enjoy some serious increases in real purchasing power. At that point, the newly equalized exchange rate, as well as in-country purchasing power, should begin to climb in general unison over time. So what is this trigger event? It's not so much the what, as the how. And beyond that, I won't elaborate. No sense in stirring the pot right as the chef is about to announce that it's soup. We should all recognize it, as plain as the noses on our faces, when we see it. [post 2 of 2]
9-16-2018 Newshound Guru Bloodloch Once it begins (and it will become crystal clear what that "it" means when "it" happens), the velocity of money comes into play and, unless artificially restricted, I would not be surprised to see something quick, like a two month rise in the foreign exchange rate of the dinar to equal one dollar (the equilibrium point) assuming the change is unrestrictive and the Iraqis are left to their usual activities of working and selling and earning and banking and spending. It could take longer if they (the CBI) restrict the natural rate of growth although I'm not sure why exactly they would do that since the Project is a zero-sum purchasing power game from start to finish. [post 1 of 2....stay tuned]
9-16-2018 Newshound Guru Kaperoni As reported, if Adil Abdul-Mahdi is the next PM this is excellent news!
9-16-2018 Newshound Guru David M. Witty In Iraqi election news, Sairoon & Building coalitions agree on Adil Abdul-Mahdi as next PM.
9-16-2018 Newshound Guru Kaperoni [Is there any word on when that process will start?] Only an educated guess can be made based on the urgency to maintain compliance, encourage investment and begin rebuilding putting people back to work. We also know they cannot begin until the formation of the new government.
9-16-2018 Intel Guru Frank26 I PROMISED TO GO SILENT...BUT I FORGOT TO MENTION ...I DON'T CARE WHO THE PM IS ...ABADI... MAHADI... GANDHI …LOL...
9-16-2018 Newshound Guru Kirk H. Sowell So it is now officially over for Iraqi Prime Minister Hayder al-Abadi's reelection. This press conference last night was a concession speech in every sense. His reelection effort is over... this was the end of his effort to obtain a second term. Next, MPs have just now elected Muhammad al-Halbusi, currently Anbar governor, as the next speaker of parliament. This is breaking news. He belong's to Jamal al-Karbuli's al-Hal party.
9-16-2018 Newshound Guru Bloodloch In fact, I would think that the faster they finish (reach the equilibrium point) the sooner the Iraqi people can start to gain the benefits of an expanding economy and enjoy some serious increases in real purchasing power. At that point, the newly equalized exchange rate, as well as in-country purchasing power, should begin to climb in general unison over time. So what is this trigger event? It's not so much the what, as the how. And beyond that, I won't elaborate. No sense in stirring the pot right as the chef is about to announce that it's soup. We should all recognize it, as plain as the noses on our faces, when we see it. [post 2 of 2]
9-16-2018 Newshound Guru Bloodloch Once it begins (and it will become crystal clear what that "it" means when "it" happens), the velocity of money comes into play and, unless artificially restricted, I would not be surprised to see something quick, like a two month rise in the foreign exchange rate of the dinar to equal one dollar (the equilibrium point) assuming the change is unrestrictive and the Iraqis are left to their usual activities of working and selling and earning and banking and spending. It could take longer if they (the CBI) restrict the natural rate of growth although I'm not sure why exactly they would do that since the Project is a zero-sum purchasing power game from start to finish. [post 1 of 2....stay tuned]
9-16-2018 Newshound Guru Kaperoni As reported, if Adil Abdul-Mahdi is the next PM this is excellent news!
9-16-2018 Newshound Guru David M. Witty In Iraqi election news, Sairoon & Building coalitions agree on Adil Abdul-Mahdi as next PM.
9-16-2018 Newshound Guru Kaperoni [Is there any word on when that process will start?] Only an educated guess can be made based on the urgency to maintain compliance, encourage investment and begin rebuilding putting people back to work. We also know they cannot begin until the formation of the new government.
9-16-2018 Intel Guru Frank26 I PROMISED TO GO SILENT...BUT I FORGOT TO MENTION ...I DON'T CARE WHO THE PM IS ...ABADI... MAHADI... GANDHI …LOL...
9-16-2018 Newshound Guru Kirk H. Sowell So it is now officially over for Iraqi Prime Minister Hayder al-Abadi's reelection. This press conference last night was a concession speech in every sense. His reelection effort is over... this was the end of his effort to obtain a second term. Next, MPs have just now elected Muhammad al-Halbusi, currently Anbar governor, as the next speaker of parliament. This is breaking news. He belong's to Jamal al-Karbuli's al-Hal party.
9-15-2018 Newshound Guru Kaperoni …If your expecting some overnight event your mistaken. There are many experts that predict the dinar could take 6 months to a year to rise to a level equal with a dollar once they begin to float. Keep in mind it will be directly related to how fast foreign capital comes into the country through the cbi's capital account…
9-15-2018 Newshound/Intel Guru Mnt Goat Okay so once the prime minister is elected, they will have until mid Oct to get the reinstatement done. If they decide not to do it we may as well relax because we are waiting until EARLY 2019. I am telling you this now because I have knowledge of target dates already to get this done. I have a direct source in the CBI and we completed a recent long conversation over this issue of timing for the reinstatement. Again they reinforced to me that when we see the re-education process begin about the new smaller categories, this will be our signal they are going forward. If we don’t see it then we are in the window of 2019. [post 2 of 2]
9-15-2018 Newshound/Intel Guru Mnt Goat WOW! Mid Sept. already and still we wait for the formation of the new government. Didn’t I tell everyone that if they met a benchmark of July and did not form this government by then that they would stretch it out until September but I do not believe it will go beyond Sept. So once the new house speaker and president and deputies are elected then the next hurdle is to get the new nominee for the prime minister announced and voted on. [post 1 of 2....stay tuned]
9-15-2018 Newshound/Intel Guru Mnt Goat Okay so once the prime minister is elected, they will have until mid Oct to get the reinstatement done. If they decide not to do it we may as well relax because we are waiting until EARLY 2019. I am telling you this now because I have knowledge of target dates already to get this done. I have a direct source in the CBI and we completed a recent long conversation over this issue of timing for the reinstatement. Again they reinforced to me that when we see the re-education process begin about the new smaller categories, this will be our signal they are going forward. If we don’t see it then we are in the window of 2019. [post 2 of 2]
9-15-2018 Newshound/Intel Guru Mnt Goat WOW! Mid Sept. already and still we wait for the formation of the new government. Didn’t I tell everyone that if they met a benchmark of July and did not form this government by then that they would stretch it out until September but I do not believe it will go beyond Sept. So once the new house speaker and president and deputies are elected then the next hurdle is to get the new nominee for the prime minister announced and voted on. [post 1 of 2....stay tuned]
9-14-2018 Newshound Guru Kaperoni Another reason is the CBI wants to end the daily currency auctions. To do so, they must have an alternative to generate revenue. The CBI profits from the buying/selling of currency. And lastly because the IMF said so. Despite what the gurus say the IMF made it very clear..."staff encourages the authorities to create the conditions which would make possible a move to a more flexible...exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect”…The IMF is clearly talking about a float…
9-14-2018 Newshound Guru Kaperoni The CBI is reprinting some denomination including the 250, 500, 1000 dinar as many are worn out from years of neglect. Has nothing to do with RV or RI as gurus would like you to think. Why won't the CBI RV or RI the Iraqi dinar? The primary reason is the CBI needs a tool to counter inflationary pressure created by a large influx of investment capital. As already announced by the CBI the dinar will be globally traded. It must float. The world sets a countries currency value. Supply and demand. [Post 1 of 2]
9-14-2018 Newshound Guru Mnt Goat Is the market place now ready for these lower, lower category notes? Well maybe so since the CBI finally had the ATMs ready and the payouts from the government is essentially all now digital electronic debit cards. Also we know that in doing these measures the CBI has shrunk the tangible money in circulation by nearly 2/3, which incidentally was on the list of objectives for the project to delete the zeros I read in 2011. ...if you look at the overall situation in Iraq and the plan to move the economy forward, I don’t see why they have not yet done the REINSTATEMENT by now. It is well overdue. [post 2 of 2]
9-14-2018 Newshound Guru Mnt Goat ...We have been told the rollout will be very slow and gradual as the economy adjust for inflation. As the economy adjust that even more lower, lower categories will be launched. For instance: we know that in early 2016 the CBI fully intended to launch the 100 notes. They did not launch the 100 category notes due to the decision that the “market place was not yet ready”. Later we also find out they cancelled the project to delete the zeros final stages that we are looking for (that coincides with the reinstatement of the currency). Remember in March of 2015 the CBI told us they had gotten the “green light” to go ahead with it. [post 1 of 2....stay tuned]
9-14-2018 Newshound Guru Kaperoni "Breaking: While PM Haider Al-Abadi gave (Apparently) farewell speech to his office, Moqtada Sadr announced an agreement to nomination "independent & technocrats” candidates for the new #Iraqi Prime Minister position" Does not look like current PM Abadi will be nominated for another term.
9-14-2018 Intel Guru Frank26 ...Look what Abadi says...the dinar, that is marked Specimen, is leaving Iraq. And Abadi is telling all of these neighboring countries, we’re cool with your currency, if you’re cool with ours. ...Abadi says the following: “I will not insist on a specific site and insist to serve the country. We welcome the existence of any cooperation between us and neighboring countries in the field of local currencies, and we do not want global domination that controls the economies of countries" Now what does that mean? Yes we’re going to swap. And yes, we’re sending our currency out to you. And yes, we’re going through a reinstatement of our currency. We can send you our currency. It’s about to be globally recognized. It’s about to enter Article 8. We’re going to introduce our lower denominations too. We’re not going to have just one controlling currency anymore, like the American dollar. No more...This is as obvious as it gets. [post 2 of 2]
9-14-2018 Intel Guru Frank26 [via Sunkissed] Article quote: “We welcome the existence of any cooperation between us and neighboring countries in the field of local currencies” ...in our opinion, the lower denoms with a Specimen mark on them are leaving the borders of Iraq...in our opinion, we see the physical lower denom, marked Specimen, from the East to the West in many banks...why is it being sent to banks Frank? Because this is the currency that will be used in buying and selling and trading on a Global scale. The small notes are going to stay INSIDE the country, because there will be a rate change; along with the coins. And those belong to the citizens. They do not belong to the Global Market. [post 1 of 2....stay tuned]
9-14-2018 Newshound Guru Kaperoni The CBI is reprinting some denomination including the 250, 500, 1000 dinar as many are worn out from years of neglect. Has nothing to do with RV or RI as gurus would like you to think. Why won't the CBI RV or RI the Iraqi dinar? The primary reason is the CBI needs a tool to counter inflationary pressure created by a large influx of investment capital. As already announced by the CBI the dinar will be globally traded. It must float. The world sets a countries currency value. Supply and demand. [Post 1 of 2]
9-14-2018 Newshound Guru Mnt Goat Is the market place now ready for these lower, lower category notes? Well maybe so since the CBI finally had the ATMs ready and the payouts from the government is essentially all now digital electronic debit cards. Also we know that in doing these measures the CBI has shrunk the tangible money in circulation by nearly 2/3, which incidentally was on the list of objectives for the project to delete the zeros I read in 2011. ...if you look at the overall situation in Iraq and the plan to move the economy forward, I don’t see why they have not yet done the REINSTATEMENT by now. It is well overdue. [post 2 of 2]
9-14-2018 Newshound Guru Mnt Goat ...We have been told the rollout will be very slow and gradual as the economy adjust for inflation. As the economy adjust that even more lower, lower categories will be launched. For instance: we know that in early 2016 the CBI fully intended to launch the 100 notes. They did not launch the 100 category notes due to the decision that the “market place was not yet ready”. Later we also find out they cancelled the project to delete the zeros final stages that we are looking for (that coincides with the reinstatement of the currency). Remember in March of 2015 the CBI told us they had gotten the “green light” to go ahead with it. [post 1 of 2....stay tuned]
9-14-2018 Newshound Guru Kaperoni "Breaking: While PM Haider Al-Abadi gave (Apparently) farewell speech to his office, Moqtada Sadr announced an agreement to nomination "independent & technocrats” candidates for the new #Iraqi Prime Minister position" Does not look like current PM Abadi will be nominated for another term.
9-14-2018 Intel Guru Frank26 ...Look what Abadi says...the dinar, that is marked Specimen, is leaving Iraq. And Abadi is telling all of these neighboring countries, we’re cool with your currency, if you’re cool with ours. ...Abadi says the following: “I will not insist on a specific site and insist to serve the country. We welcome the existence of any cooperation between us and neighboring countries in the field of local currencies, and we do not want global domination that controls the economies of countries" Now what does that mean? Yes we’re going to swap. And yes, we’re sending our currency out to you. And yes, we’re going through a reinstatement of our currency. We can send you our currency. It’s about to be globally recognized. It’s about to enter Article 8. We’re going to introduce our lower denominations too. We’re not going to have just one controlling currency anymore, like the American dollar. No more...This is as obvious as it gets. [post 2 of 2]
9-14-2018 Intel Guru Frank26 [via Sunkissed] Article quote: “We welcome the existence of any cooperation between us and neighboring countries in the field of local currencies” ...in our opinion, the lower denoms with a Specimen mark on them are leaving the borders of Iraq...in our opinion, we see the physical lower denom, marked Specimen, from the East to the West in many banks...why is it being sent to banks Frank? Because this is the currency that will be used in buying and selling and trading on a Global scale. The small notes are going to stay INSIDE the country, because there will be a rate change; along with the coins. And those belong to the citizens. They do not belong to the Global Market. [post 1 of 2....stay tuned]
9-13-2018 Intel Guru Delta Article quote: "STRENGTHEN THE CURRENCY AND THE IRAQI DINAR AT THE PRESENT TIME" YOU DON'T STRENGTHEN THE IRAQI DINAR BY PRINTING MORE MONEY...BY INCREASING THE VALUE...IT WILL BE ONE EVENT..(Big Smile)
9-13-2018 Newshound Guru Kirk H. Sowell Not an explicit withdrawal, but Abadi appears to preparing the way for a face-saving end to his reelection campaign, framing it as responding to clerical authorities.
9-13-2018 Newshound Guru Kaperoni Lots of great banking news today coming out. EU lifts banking restrictions on CBI. Another article states the CBI will activate Paypal services.
9-13-2018 Newshound Guru Adam Montana Closely related in the “coming soon” category is the Prime Minister position. We still stand a chance to see Abadi continue in that role, which is something that would have me hopping on the edge of my seat! Article: "Urgent: Mr. Sadr and Amiri agree to submit a candidate for prime minister according to the specifications of the reference" I think Abadi is fighting harder than he is letting on to keep his spot. And I like it. The waiting game is tough, but as long as we are seeing progress - there’s no need to fret...we can see that things ARE moving forward... [post 2 of 2]
9-13-2018 Newshound Guru Adam Montana ...we had an exciting weekend...potential for major HCL news...it didn’t end up happening, but you know the adage - where there is smoke, there is fire. This IS on the horizon! Article quote: "The Federal Supreme Court on Wednesday postponed adjournment of appeals on the unconstitutionality of articles in the Iraqi National Oil Company Law No. (4) of 2018 to the third of next month" [post 1 of 2....stay tuned]
9-13-2018 Intel Guru ADMINBILL As for the event we have been waiting for I do not believe we are there yet. Still processing...the RV is still slowly grinding through.
9-13-2018 Newshound Guru Currency365 Iraqi Central Bank's march over last four years proved that it is proceeding steadily to achieve stated goals. This proves that Iraq has gone out of the monitoring & follow-up area to regular follow-up area every two years, like other banks in the world according to FATF... #breakingnews... European Union officially announced exit of Central Bank Iraq from list of sanctions!!! Publication in official newspaper European Union. The prohibition of dealing with a group of institutions Financial and non-financial Iraqi, including the Central Bank of Iraq.
9-13-2018 Newshound Guru MilitiaMan The two neighbors are going to be shocked when Iraq re-instates the IQD and especially if she becomes her former GLORY! Think the impact to them is going to be shocking? lol I sure do, as it will be for us and in a huge way. A good thing for us. Not so for the Regimes in charge of those two countries, imo. The citizens of them are going to be oh so ticked off and most likely jealous to boot. A mix that may prove to be very hard for the Regimes in charge to deal with...Not only is the exchange rate going to be mind blowing to/for them, imo, it will be even more damaging, as they have to use Euros to trade.. lol Tack on another 15 - 20%. over the USD they no longer can use...imo. [post 2 of 2]
9-13-2018 Newshound Guru MilitiaMan Article: "Indicators of economic resilience and stability in the monetary system" The thing that grabs my eye is the use of the word shock(s) in respect to exchange rate. They use is it in many forms either; internally, externally, economically and or politically. The part that is clearly important for one to look (imo) at is the reference to economic shocks. ...They clearly state that Iran and Turkey are not going to be a problem having sanctions on them presently, as they were apparently included in the analysis with the likes of FATF and 2018 GFR!! Take note what shocks to a currency are about. "The impact on domestic financial markets and real economic activity from drastic and sudden changes in a currency's value on world markets." Now if that doesn't rock ones world, I am not sure anything will... lol. [post 1 of 2....stay tuned]
9-13-2018 Newshound Guru Kirk H. Sowell Not an explicit withdrawal, but Abadi appears to preparing the way for a face-saving end to his reelection campaign, framing it as responding to clerical authorities.
9-13-2018 Newshound Guru Kaperoni Lots of great banking news today coming out. EU lifts banking restrictions on CBI. Another article states the CBI will activate Paypal services.
9-13-2018 Newshound Guru Adam Montana Closely related in the “coming soon” category is the Prime Minister position. We still stand a chance to see Abadi continue in that role, which is something that would have me hopping on the edge of my seat! Article: "Urgent: Mr. Sadr and Amiri agree to submit a candidate for prime minister according to the specifications of the reference" I think Abadi is fighting harder than he is letting on to keep his spot. And I like it. The waiting game is tough, but as long as we are seeing progress - there’s no need to fret...we can see that things ARE moving forward... [post 2 of 2]
9-13-2018 Newshound Guru Adam Montana ...we had an exciting weekend...potential for major HCL news...it didn’t end up happening, but you know the adage - where there is smoke, there is fire. This IS on the horizon! Article quote: "The Federal Supreme Court on Wednesday postponed adjournment of appeals on the unconstitutionality of articles in the Iraqi National Oil Company Law No. (4) of 2018 to the third of next month" [post 1 of 2....stay tuned]
9-13-2018 Intel Guru ADMINBILL As for the event we have been waiting for I do not believe we are there yet. Still processing...the RV is still slowly grinding through.
9-13-2018 Newshound Guru Currency365 Iraqi Central Bank's march over last four years proved that it is proceeding steadily to achieve stated goals. This proves that Iraq has gone out of the monitoring & follow-up area to regular follow-up area every two years, like other banks in the world according to FATF... #breakingnews... European Union officially announced exit of Central Bank Iraq from list of sanctions!!! Publication in official newspaper European Union. The prohibition of dealing with a group of institutions Financial and non-financial Iraqi, including the Central Bank of Iraq.
9-13-2018 Newshound Guru MilitiaMan The two neighbors are going to be shocked when Iraq re-instates the IQD and especially if she becomes her former GLORY! Think the impact to them is going to be shocking? lol I sure do, as it will be for us and in a huge way. A good thing for us. Not so for the Regimes in charge of those two countries, imo. The citizens of them are going to be oh so ticked off and most likely jealous to boot. A mix that may prove to be very hard for the Regimes in charge to deal with...Not only is the exchange rate going to be mind blowing to/for them, imo, it will be even more damaging, as they have to use Euros to trade.. lol Tack on another 15 - 20%. over the USD they no longer can use...imo. [post 2 of 2]
9-13-2018 Newshound Guru MilitiaMan Article: "Indicators of economic resilience and stability in the monetary system" The thing that grabs my eye is the use of the word shock(s) in respect to exchange rate. They use is it in many forms either; internally, externally, economically and or politically. The part that is clearly important for one to look (imo) at is the reference to economic shocks. ...They clearly state that Iran and Turkey are not going to be a problem having sanctions on them presently, as they were apparently included in the analysis with the likes of FATF and 2018 GFR!! Take note what shocks to a currency are about. "The impact on domestic financial markets and real economic activity from drastic and sudden changes in a currency's value on world markets." Now if that doesn't rock ones world, I am not sure anything will... lol. [post 1 of 2....stay tuned]
9-12-2018 Guest Guru BobTheTaxMan …we’ve had this huge burst of growth here in America…These tax laws have been the pinnacle as far as I’m concerned, the reason why we are seeing so much change in our world of finance for America…is really based entirely on the taxes…the new 2018 taxes is a true blessing for those of us who have dinar.
9-12-2018 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones," noting that "these quantities will meet the need of the local market for those categories of currency." So today we seem to have some WOW news. This news is all about the Central Bank of Iraq announcing its intention to issue large amounts of local currency, with small categories. But the excitement is not that they are launching the lower denominations and thus an RV. Instead they are simply saying they are replacing damaged notes as they are taking in by the banks.
9-12-2018 Intel Guru Frank26 [via Clare] A New Era!!! In Position!! Beauty of what's going on...it's happening...Masterful...Seating of GOI completely, will allow HCL...ISX in position, so is Government to pass HCL...all in position/USA picked their Government...Iran Influence running away...
9-12-2018 Intel Guru Bruce We are at the point right now we got 3 more things that Iraq needs to do...Number 1 Prime Minister Abadi should be reappointed as Prime Minister. That fact be made known somehow overnight or tonight. We also want the HCL, Oil and Gas Law, should be activated and they should be paying out a very large amount of to the citizens with that activation. We understand that is something would be done here soon, fairly quickly. The final thing is the reinstatement which we think is already happening for the dinar. Also we have the revaluation. We have timetables for that and it looks very near...Let’s just say that people should be paying attention the next day or so what could be happening... The operational word is could. We are hearing some very good things. We will see what happens. [post 2 of 2]
9-12-2018 Intel Guru Bruce [via PinkRoses] ...What is holding this up? ...there always seems there has been one more thing. It doesn’t mean necessarily anything has held it up. It just means the process is more involved and deeper process and more to do than we had thought...and there is just so much information we get of the totality of the process...We know we are at the point the last of the things we believe are necessary to happen are happening. That is really good. WE can tell the progress that is being made in a lot of areas...Iraq is getting it done... [post 1 of 2....stay tuned]
9-12-2018 Intel Guru Delta Article quote: "The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones," noting that "these quantities will meet the need of the local market for those categories of currency." ...A LOT OF THE THEM...SMALL NOTES...THIS IS HOW WILL GET ALL 3 ZERO NOTES FROM IRAQI...BRILLIANT PLAN...
9-12-2018 Newshound Guru tlm724 Article: "The central poses large amounts of small currency" Will be interesting to see how "Small" the notes are but I suspect they are the 250 and 500 dinar notes that the CBI Director of Financial Operations talked about replacing.
9-12-2018 Newshound/Intel Guru Mnt Goat Article quote: "The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones," noting that "these quantities will meet the need of the local market for those categories of currency." So today we seem to have some WOW news. This news is all about the Central Bank of Iraq announcing its intention to issue large amounts of local currency, with small categories. But the excitement is not that they are launching the lower denominations and thus an RV. Instead they are simply saying they are replacing damaged notes as they are taking in by the banks.
9-12-2018 Intel Guru Frank26 [via Clare] A New Era!!! In Position!! Beauty of what's going on...it's happening...Masterful...Seating of GOI completely, will allow HCL...ISX in position, so is Government to pass HCL...all in position/USA picked their Government...Iran Influence running away...
9-12-2018 Intel Guru Bruce We are at the point right now we got 3 more things that Iraq needs to do...Number 1 Prime Minister Abadi should be reappointed as Prime Minister. That fact be made known somehow overnight or tonight. We also want the HCL, Oil and Gas Law, should be activated and they should be paying out a very large amount of to the citizens with that activation. We understand that is something would be done here soon, fairly quickly. The final thing is the reinstatement which we think is already happening for the dinar. Also we have the revaluation. We have timetables for that and it looks very near...Let’s just say that people should be paying attention the next day or so what could be happening... The operational word is could. We are hearing some very good things. We will see what happens. [post 2 of 2]
9-12-2018 Intel Guru Bruce [via PinkRoses] ...What is holding this up? ...there always seems there has been one more thing. It doesn’t mean necessarily anything has held it up. It just means the process is more involved and deeper process and more to do than we had thought...and there is just so much information we get of the totality of the process...We know we are at the point the last of the things we believe are necessary to happen are happening. That is really good. WE can tell the progress that is being made in a lot of areas...Iraq is getting it done... [post 1 of 2....stay tuned]
9-12-2018 Intel Guru Delta Article quote: "The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones," noting that "these quantities will meet the need of the local market for those categories of currency." ...A LOT OF THE THEM...SMALL NOTES...THIS IS HOW WILL GET ALL 3 ZERO NOTES FROM IRAQI...BRILLIANT PLAN...
9-12-2018 Newshound Guru tlm724 Article: "The central poses large amounts of small currency" Will be interesting to see how "Small" the notes are but I suspect they are the 250 and 500 dinar notes that the CBI Director of Financial Operations talked about replacing.
9-11-2018 Intel Guru Delta ...CBI TOLD US WHAT THEY ARE GOING TO DO...Quotes: "Governor of the Central Bank...the Bank 's plan to modernize the currency in circulation and the deletion of zeros." "The Central Bank of Iraq announced its intention to raise large amounts of local currency, with small categories, while continuing to receive the damaged currency from the citizens and replace it with new." IT'S ONE EVENT. (Wink) ...IT'S...DONE...
9-11-2018 Newshound/Intel Guru Walkingstick [via Clare] 1) Seating of Government with largest block, no way Iran or corruption can interfere. Sadar & Abadi...Full Control... 2) Initiation of HCL...rate doesn't matter... just the fact that it's in position... 3) ISX & ESX are positioned internationally...IMF has things in place to prevent a run on ISX @ PR...the pairing of the 127 countries caused international movement & was successful... Every Central Bank that saw the pairing KNOWS what it means! 4) Leaving of Specimen marked LD's... international movement of their currency (left boarders of Iraq, showing up...Thailand & all over the planet, East to West)...
9-11-2018 Intel Guru Frank26 Importance of GOI to pass HCL to succeed with the Citizens who will automatically get opened bank accounts... for all Iraq's Citizens from 16 and up... paid electronically according to National Oil Law...inside & outside Iraq...Brilliant USA!!! Game On! POTUS & Abadi are meeting Sept. 13th in Washington (something's on T's desk)...& 25th @ UN...ALL IN POSITION: GOI...ISX...SPECIMENS...HCL...IMO. [post 2 of 2]
9-11-2018 Intel Guru Frank26 [via Clare] POTUS, Demanding Now: 1) HCL -which has to have seated Gov. (to get HCL) 2) RI of IQD. BIS getting ready to announce change in IQD Rate... CBI & BIS, will both do same action at same time... 90% of all money in foreign banks put there illegally...all coming back...all assets...Economic reform that depends on RI will Explode...Reasons of RI: 1) To be International/ Art 8/ trade with own currency... 2) To give Citizens more Purchasing Power 3) To run GOI with International Confidence...take their currency seriously... they continue to collect the worn notes & LD's ....replace with small notes & coins...RI MUST NOT FAIL. [post 1 of 2....stay tuned]
9-11-2018 Newshound Guru David M. Witty In Iraqi election news, main religious authority Sistani issues statement on next PM. Says he does not support any politicians who have been in power in previous years as people will not have hope they can improve situation in Iraq.
9-11-2018 Newshound/Intel Guru Mnt Goat What we want are the real lower category notes such as the 100, 50 and 25 and coins. We know that these lower category notes are to be slowly launched, as needed. How long will it take? We don’t know and I don’t think Iraq even knows. Yes, it a good sign they are NOT going backwards and issuing more 25k, 10k and 5k notes. ...Now having said all this can the CBI slip in a couple of the newer lower category notes NOT yet launched and thus come out with a new rate much higher than it is today? Yes, yes, yes and this is VERY possible too. But it does not say this directly and list them out so we don’t know for sure. Let’s just wait it out and see. This might get interesting... [post 2 of 2]
9-11-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAQ INTENDS NEXT MONTH, TO PUT LARGE AMOUNTS OF LOCAL CURRENCY, SMALL GROUPS" So what does this article mean to us? Is this the “project to delete the zeros? Well kind of...It is the very first stages of it but this is not new news. These are just replacements notes of the ones already issued. ...It is NOT what we would expect as the next move since these notes are the smaller categories they keep talking about such as the 250, and 500 dinar notes...This is just replacement of these notes... [post 1 of 2....stay tuned]
9-11-2018 Newshound Guru MilitiaMan BISX~ What a heck of a time to become like the big boyz...? Today this came out for the BISX investors that have present accounts. They have/are upgrading the system.. This notification to investors speaks that they are going to go live electronically, whereas, today it is an antiquated system that needs parchment and quill, so to speak. ...Now keep in mind this came out today and it came from a friend that has an account whom I verified it personally with who explained how it works today. Well this shows that is about to change. It comes out the day before a holiday [9-11-2018, Islamic New Year]. Fascinating... oh ya.
9-11-2018 Newshound/Intel Guru Walkingstick [via Clare] 1) Seating of Government with largest block, no way Iran or corruption can interfere. Sadar & Abadi...Full Control... 2) Initiation of HCL...rate doesn't matter... just the fact that it's in position... 3) ISX & ESX are positioned internationally...IMF has things in place to prevent a run on ISX @ PR...the pairing of the 127 countries caused international movement & was successful... Every Central Bank that saw the pairing KNOWS what it means! 4) Leaving of Specimen marked LD's... international movement of their currency (left boarders of Iraq, showing up...Thailand & all over the planet, East to West)...
9-11-2018 Intel Guru Frank26 Importance of GOI to pass HCL to succeed with the Citizens who will automatically get opened bank accounts... for all Iraq's Citizens from 16 and up... paid electronically according to National Oil Law...inside & outside Iraq...Brilliant USA!!! Game On! POTUS & Abadi are meeting Sept. 13th in Washington (something's on T's desk)...& 25th @ UN...ALL IN POSITION: GOI...ISX...SPECIMENS...HCL...IMO. [post 2 of 2]
9-11-2018 Intel Guru Frank26 [via Clare] POTUS, Demanding Now: 1) HCL -which has to have seated Gov. (to get HCL) 2) RI of IQD. BIS getting ready to announce change in IQD Rate... CBI & BIS, will both do same action at same time... 90% of all money in foreign banks put there illegally...all coming back...all assets...Economic reform that depends on RI will Explode...Reasons of RI: 1) To be International/ Art 8/ trade with own currency... 2) To give Citizens more Purchasing Power 3) To run GOI with International Confidence...take their currency seriously... they continue to collect the worn notes & LD's ....replace with small notes & coins...RI MUST NOT FAIL. [post 1 of 2....stay tuned]
9-11-2018 Newshound Guru David M. Witty In Iraqi election news, main religious authority Sistani issues statement on next PM. Says he does not support any politicians who have been in power in previous years as people will not have hope they can improve situation in Iraq.
9-11-2018 Newshound/Intel Guru Mnt Goat What we want are the real lower category notes such as the 100, 50 and 25 and coins. We know that these lower category notes are to be slowly launched, as needed. How long will it take? We don’t know and I don’t think Iraq even knows. Yes, it a good sign they are NOT going backwards and issuing more 25k, 10k and 5k notes. ...Now having said all this can the CBI slip in a couple of the newer lower category notes NOT yet launched and thus come out with a new rate much higher than it is today? Yes, yes, yes and this is VERY possible too. But it does not say this directly and list them out so we don’t know for sure. Let’s just wait it out and see. This might get interesting... [post 2 of 2]
9-11-2018 Newshound/Intel Guru Mnt Goat Article: "CENTRAL BANK OF IRAQ INTENDS NEXT MONTH, TO PUT LARGE AMOUNTS OF LOCAL CURRENCY, SMALL GROUPS" So what does this article mean to us? Is this the “project to delete the zeros? Well kind of...It is the very first stages of it but this is not new news. These are just replacements notes of the ones already issued. ...It is NOT what we would expect as the next move since these notes are the smaller categories they keep talking about such as the 250, and 500 dinar notes...This is just replacement of these notes... [post 1 of 2....stay tuned]
9-11-2018 Newshound Guru MilitiaMan BISX~ What a heck of a time to become like the big boyz...? Today this came out for the BISX investors that have present accounts. They have/are upgrading the system.. This notification to investors speaks that they are going to go live electronically, whereas, today it is an antiquated system that needs parchment and quill, so to speak. ...Now keep in mind this came out today and it came from a friend that has an account whom I verified it personally with who explained how it works today. Well this shows that is about to change. It comes out the day before a holiday [9-11-2018, Islamic New Year]. Fascinating... oh ya.
9-10-2018 Newshound/Intel Guru BGG Article: "The Central (Bank) poses large amounts of small currency" Quote: "The Central Bank of Iraq intends next month, to put large amounts of local currency, small groups, while continuing to receive the currency damaged by citizens and replace it (with) New." First bit of really good news in a while!!
9-10-2018 Newshound/Intel Guru Mnt Goat September 15th is just around the corner and we know this is a target date to get this largest bloc issue settled so they can move ahead again in forming the government. Iraq is experiencing a political struggle to form the largest bloc between an alliance led by "Nuri al-Maliki - Hadi al-Ameri" and the name of the news and supported by Iran in the face of the coalition, "reconstruction and reform," led by Moqtada al-Sadr - Haider Abadi. The leader of the coalition of victory and Iraqi Prime Minister Haider al-Abadi, supported by the United States of America, so in light of the resolve of the Shiite and Sunni forces, their position of the largest bloc has become the decision of the Kurds in ending the controversy of the largest bloc and the weight of Iran or America to the post of prime minister of Iraq.
9-10-2018 Newshound Guru Bobby The people of Iraq are speaking and they are speaking with a voice of reason. They, just like us, are tired of the status quo and that right there is our hope. We have 1 somewhat stable stability and that's the CBI, which still has some work to do towards financial inclusion. If Iraq gets it's act together politically and starts supporting in full The National Development Plan, that's when you should start getting excited... [post 3 of 3]
9-10-2018 Newshound Guru Bobby Because they have NO economy aside from oil. We saw...an article ...that gave us numbers still in the upper 80's as far as oil dependent revenue. Once those numbers get to a much better ratio of let's say 60/40, we may have a chance...I throw those numbers out there because I have read the IMF SBA's, the National Development Plan, the Reconstruction and Investment Plan and International Institutional studies on Iraq's economy. It really is that simple. My suggestion ...let Iraq form it's GOI, hopefully an inclusive one, and then we watch what direction they will go. [post 2 of 3....stay tuned]
9-10-2018 Newshound Guru Bobby ...as far as adding value to the IQD? ...I'm seeing a lot of talk about this very important subject that is dear to all of us...If you fail to read the news about what Iraq is telling us outside of the political mouthpieces, you will always think "just add value and everything will be ok" That thought will get you nowhere... If Iraq were to put the IQD on the Forex market right now, they could neither support and sustain a value of 1190, or on a 1:1 par with the USD... PERIOD. Now some may say well Vietnam does it at what 20,000 to 1? Apples and oranges my friends. Just like comparing currency values thru trade and bilateral agreements have zero to do with a currency's value between country's...Iraq would go belly up if they even tried to put the IQD on the Forex market at this point. Why do I say that? [post 1 of 3....stay tuned]
9-10-2018 Newshound Guru MilitiaMan Article: "Central reserves amounted to $59 billion and 96 tons went gold" This article is full of Bragging Rights...to show where they are. Their bag of goodies is full. This year alone they increased their reserves somewhere in the tune of 10 billion Dollars, additional bonds from China and Islamic Banks and 6.5 additional Tonnes of Gold. They talk of contracts with Ernst & Young. Bragging about being the first in the region with SWIFT and that the are internationally compliant. Compliant with international remittances... Well they will need to pay the citizens abroad the HCL( Think Somo [State Organization for Marketing of Oil] ) by such means now won't they? Yep...All in time... imo.
9-10-2018 Intel Guru RayRen98 A BANK SOURCE THINKS WE WILL BE EXCHANGING ON MONDAY, B BANK SOURCE SAYS THEY HAVE NOT HEARD THAT...TIME WILL TELL. THE NEWLY ANNOUNCED E-CARD BY THE CBI "SUPPOSEDLY" WILL HAVE A NEW RATE - TIME WILL TELL.
9-10-2018 Newshound/Intel Guru Mnt Goat September 15th is just around the corner and we know this is a target date to get this largest bloc issue settled so they can move ahead again in forming the government. Iraq is experiencing a political struggle to form the largest bloc between an alliance led by "Nuri al-Maliki - Hadi al-Ameri" and the name of the news and supported by Iran in the face of the coalition, "reconstruction and reform," led by Moqtada al-Sadr - Haider Abadi. The leader of the coalition of victory and Iraqi Prime Minister Haider al-Abadi, supported by the United States of America, so in light of the resolve of the Shiite and Sunni forces, their position of the largest bloc has become the decision of the Kurds in ending the controversy of the largest bloc and the weight of Iran or America to the post of prime minister of Iraq.
9-10-2018 Newshound Guru Bobby The people of Iraq are speaking and they are speaking with a voice of reason. They, just like us, are tired of the status quo and that right there is our hope. We have 1 somewhat stable stability and that's the CBI, which still has some work to do towards financial inclusion. If Iraq gets it's act together politically and starts supporting in full The National Development Plan, that's when you should start getting excited... [post 3 of 3]
9-10-2018 Newshound Guru Bobby Because they have NO economy aside from oil. We saw...an article ...that gave us numbers still in the upper 80's as far as oil dependent revenue. Once those numbers get to a much better ratio of let's say 60/40, we may have a chance...I throw those numbers out there because I have read the IMF SBA's, the National Development Plan, the Reconstruction and Investment Plan and International Institutional studies on Iraq's economy. It really is that simple. My suggestion ...let Iraq form it's GOI, hopefully an inclusive one, and then we watch what direction they will go. [post 2 of 3....stay tuned]
9-10-2018 Newshound Guru Bobby ...as far as adding value to the IQD? ...I'm seeing a lot of talk about this very important subject that is dear to all of us...If you fail to read the news about what Iraq is telling us outside of the political mouthpieces, you will always think "just add value and everything will be ok" That thought will get you nowhere... If Iraq were to put the IQD on the Forex market right now, they could neither support and sustain a value of 1190, or on a 1:1 par with the USD... PERIOD. Now some may say well Vietnam does it at what 20,000 to 1? Apples and oranges my friends. Just like comparing currency values thru trade and bilateral agreements have zero to do with a currency's value between country's...Iraq would go belly up if they even tried to put the IQD on the Forex market at this point. Why do I say that? [post 1 of 3....stay tuned]
9-10-2018 Newshound Guru MilitiaMan Article: "Central reserves amounted to $59 billion and 96 tons went gold" This article is full of Bragging Rights...to show where they are. Their bag of goodies is full. This year alone they increased their reserves somewhere in the tune of 10 billion Dollars, additional bonds from China and Islamic Banks and 6.5 additional Tonnes of Gold. They talk of contracts with Ernst & Young. Bragging about being the first in the region with SWIFT and that the are internationally compliant. Compliant with international remittances... Well they will need to pay the citizens abroad the HCL( Think Somo [State Organization for Marketing of Oil] ) by such means now won't they? Yep...All in time... imo.
9-10-2018 Intel Guru RayRen98 A BANK SOURCE THINKS WE WILL BE EXCHANGING ON MONDAY, B BANK SOURCE SAYS THEY HAVE NOT HEARD THAT...TIME WILL TELL. THE NEWLY ANNOUNCED E-CARD BY THE CBI "SUPPOSEDLY" WILL HAVE A NEW RATE - TIME WILL TELL.
9-9-2018 Newshound/Intel Guru Mnt Goat 3. Article 140 - this was promised by PM Abadi during the last election of 2014. It was also promised during the 2010 election by Nori al-Maliki and neither delivered on it. This was of course a major blunder on the part of PM Abadi 2014-2018 for, if he did deliver, there would be no further discussions and the Kurds would side with the Sadr Movement as they could then feel they could trust and move forward. So...all three of these needed points are not yet implemented or guaranteed. [post 3 of 3]
9-9-2018 Newshound/Intel Guru Mnt Goat 2. Iraq must now get rid of the Iranian militias and drastically reduce the political influence of the Iran over Iraq, This is a new requirement and should never had been an issue had it not been for the ISIS invasion, which by the way was a way for the Iranian backed puppet Nori al-Maliki to get the Iranian Kud forces inside Iraq...This now stands as a major SECURITY breach by the US on the sovereignty of Iraq. The US will NEVER giver permission to RV with these Iranian forces in place in Iraq especially with the Trump administration; [post 2 of 3....stay tuned]
9-9-2018 Newshound/Intel Guru Mnt Goat ...there are three main issues yet to resolve prior to the RV. 1. HCL - So the HCL law was finally written to satisfaction and passed. There were many parts to it over the years. Now they must pay out a % excess oil revenues to the citizens (a law was passed in parliament...supposed to begin as of Sept 5th). Do they need to pay out prior to the reinstatement permission. YES, YES and YES again. Is this not a constitutional requirement? Well then...??? ; [post 1 of 3....stay tuned]
9-9-2018 Newshound Guru Currency365 Abadi would not have to ask trump for an emergency government if he had listen the first time to Trump...TURN ON YOUR CURRENCY, RELEASE YOUR SMALL NOTES, ADD PURCHASING POWER, AND RELEASE THE OIL REVENUES TO THE CITIZENS, OPEN ALL BUDGETS SINCE 2007, ACTIVATE ALL LAWS!!!
9-9-2018 Intel Guru Frank26 Article: "A "meeting" is expected between "Abadi and Trump" on the 13th of this month" IMO...THERE IS SOMETHING ON TRUMPS DESK .
9-9-2018 Intel Guru Jester [any news to share?] NOT ANYTHING CONCRETE THAT MAKES ANY SENSE... ALTHOUGH THE UNOFFICIAL WORD SEEMS TO INDICATE VERY CLOSE... BUT WE HAVE ALL HEARD THAT BEFORE TOO...I WAS SURPRISED THEY TOLD ME THAT TO TELL YOU THE TRUTH... BUT I AM CAUTIOUSLY OPTIMISTIC... HEARD IT TOO MANY TIMES BEFORE... I NEED TO SEE SOMETHING MOVE.
9-9-2018 Newshound Guru MilitiaMan I personally think not, therefore, the lack of reporting it on the site points to that they wouldn't do that to be misleading. They are not going to publish the program rate, as they have something else in mind imo... We have heard ...they will back date the HCL to a similar time frame of 01/01/2018. We have also been told by WS [Guru Walkingstick] and articles they finished the calculations based off months prior to the End of the 1st Quarter 2018, and they agreed on the HCL in early March 2018, and now 6 months have passed real close and we see them hammering out the Seating of the GOI with the URGING of Al Sistani, The Supreme Shiite Cleric. All very interesting... [post 2 of 2]
9-9-2018 Newshound Guru MilitiaMan Everyone...may have noticed on the BIS website that they quit reporting the Program Rate for the QRTR 1/2018 and QRTR 2/2018...A fresh pattern that shouldn't be overlooked, imo. ...also...they recently paid the COM (Council of Ministers) back pay to 01/01/2018 electronically, and it was mentioned specifically to and with the Kurds in mind that they don't have to tell you any more going forward. It is to be a private matter between the citizens and the banks... Why? One might ask why would they the (BIS) quit reporting the program rate when the track record through QRTR 4/2017 was? Do you think the BIS the granddad of all banks is going to put out data that effectively would be misleading? [post 1 of 2....stay tuned]
9-9-2018 Newshound Guru Don961 A "meeting" is expected between "Abadi and Trump" on the 13th of this month. Article quotes: "Informed sources revealed that Prime Minister Haider Abadi will meet with US President Donald Trump on the 13th of this month." "The source said that "Abadi and Tramb, will gather a meeting, on the 13th of this month, to form a government, after the failure of efforts, to form the largest bloc," adding that "Abadi will meet with senior officials in Washington."
9-9-2018 Newshound/Intel Guru Mnt Goat 2. Iraq must now get rid of the Iranian militias and drastically reduce the political influence of the Iran over Iraq, This is a new requirement and should never had been an issue had it not been for the ISIS invasion, which by the way was a way for the Iranian backed puppet Nori al-Maliki to get the Iranian Kud forces inside Iraq...This now stands as a major SECURITY breach by the US on the sovereignty of Iraq. The US will NEVER giver permission to RV with these Iranian forces in place in Iraq especially with the Trump administration; [post 2 of 3....stay tuned]
9-9-2018 Newshound/Intel Guru Mnt Goat ...there are three main issues yet to resolve prior to the RV. 1. HCL - So the HCL law was finally written to satisfaction and passed. There were many parts to it over the years. Now they must pay out a % excess oil revenues to the citizens (a law was passed in parliament...supposed to begin as of Sept 5th). Do they need to pay out prior to the reinstatement permission. YES, YES and YES again. Is this not a constitutional requirement? Well then...??? ; [post 1 of 3....stay tuned]
9-9-2018 Newshound Guru Currency365 Abadi would not have to ask trump for an emergency government if he had listen the first time to Trump...TURN ON YOUR CURRENCY, RELEASE YOUR SMALL NOTES, ADD PURCHASING POWER, AND RELEASE THE OIL REVENUES TO THE CITIZENS, OPEN ALL BUDGETS SINCE 2007, ACTIVATE ALL LAWS!!!
9-9-2018 Intel Guru Frank26 Article: "A "meeting" is expected between "Abadi and Trump" on the 13th of this month" IMO...THERE IS SOMETHING ON TRUMPS DESK .
9-9-2018 Intel Guru Jester [any news to share?] NOT ANYTHING CONCRETE THAT MAKES ANY SENSE... ALTHOUGH THE UNOFFICIAL WORD SEEMS TO INDICATE VERY CLOSE... BUT WE HAVE ALL HEARD THAT BEFORE TOO...I WAS SURPRISED THEY TOLD ME THAT TO TELL YOU THE TRUTH... BUT I AM CAUTIOUSLY OPTIMISTIC... HEARD IT TOO MANY TIMES BEFORE... I NEED TO SEE SOMETHING MOVE.
9-9-2018 Newshound Guru MilitiaMan I personally think not, therefore, the lack of reporting it on the site points to that they wouldn't do that to be misleading. They are not going to publish the program rate, as they have something else in mind imo... We have heard ...they will back date the HCL to a similar time frame of 01/01/2018. We have also been told by WS [Guru Walkingstick] and articles they finished the calculations based off months prior to the End of the 1st Quarter 2018, and they agreed on the HCL in early March 2018, and now 6 months have passed real close and we see them hammering out the Seating of the GOI with the URGING of Al Sistani, The Supreme Shiite Cleric. All very interesting... [post 2 of 2]
9-9-2018 Newshound Guru MilitiaMan Everyone...may have noticed on the BIS website that they quit reporting the Program Rate for the QRTR 1/2018 and QRTR 2/2018...A fresh pattern that shouldn't be overlooked, imo. ...also...they recently paid the COM (Council of Ministers) back pay to 01/01/2018 electronically, and it was mentioned specifically to and with the Kurds in mind that they don't have to tell you any more going forward. It is to be a private matter between the citizens and the banks... Why? One might ask why would they the (BIS) quit reporting the program rate when the track record through QRTR 4/2017 was? Do you think the BIS the granddad of all banks is going to put out data that effectively would be misleading? [post 1 of 2....stay tuned]
9-9-2018 Newshound Guru Don961 A "meeting" is expected between "Abadi and Trump" on the 13th of this month. Article quotes: "Informed sources revealed that Prime Minister Haider Abadi will meet with US President Donald Trump on the 13th of this month." "The source said that "Abadi and Tramb, will gather a meeting, on the 13th of this month, to form a government, after the failure of efforts, to form the largest bloc," adding that "Abadi will meet with senior officials in Washington."
9-8-2018 Newshound Guru MilitiaMan Article: "Asadi: Current crises end by providing the necessary funds" Quote: "It is also possible to solve some problems by taking advantage of the current financial abundance due to high oil prices," An MP talking about using the 2018 budget to solve problems... Tamimi suggests that anyone saying Iraq has a financial crisis is a liar... Well well, they are now getting on the band wagon.. Imo we will now see more of that, as they’ll want to be on the side of get us our money now... Read HCL... The statement from Sadr he would film the extraordinary session must have worked!! The MPs that hinder the money being electronically given to the people of Iraq now will suffer political consequences and possibly more, especially if they are exposed as Iranian supporters of interference...
9-8-2018 Intel Guru RayRen98 Cleric Sadr called for an emergency meeting for all Parliament members on Saturday to discuss the Basra situation and other matters. He warned that any member not in attendance would be held accountable. The Kurds did not attend the Parliament meeting claiming constitutional concerns. Sadr publicly trashes them on Iraqi TV for not participating in that important session. Iraqi President announces plans for tomorrow's meeting to include naming a new president and a new speaker...hopefully with the attendance of the Kurds. Sadr's comments on TV did not receive a positive reception. [Gee, I wonder why?] lol. A new program and a new national E-Card for citizens was being shared on Iraqi TV by Alaq.
9-8-2018 Intel/Newshound Guru Poppy3 BEEN HERE GOING ON 16 YEARS AND BELIEVE ME OUR GREAT PRESIDENT TRUMP IS PUSHING EVERY BUTTON POSSIBLE TO HELP BRING ABOUT THE DINAR RATE CHANGE. HE IS DOUBLING DOWN AGAINST IRAN AND KNOWS IRAQ WILL DOMINATE THE MIDDLE EAST IN THE FUTURE. RELAX RICH FRIENDS THE RATE IS COMING IN DUE TIME WE WILL BE READY TO CELEBRATE.
9-8-2018 Newshound Guru David M. Witty In Basra Province, Iraq, Basra Operations Command imposes curfew after another evening of major destruction. (In reality, curfew appears impossible to implement). Iraqi Parliament convenes. Heated exchange between PM & Governor of Basra Province. Iraqi Parliament has turned into a shouting match with calls for government to resign. Acting Parliament President having a tough time controlling it.
9-8-2018 Newshound/Intel Guru Mnt Goat ...there is no indication as to how far they must go on this topic of corruption. This is one of the unknowns. But anyone with any common sense can clearly see that at least the GOI and Judiciary must help the CBI clean up this currency auction fraud and manipulation by arresting these individuals who run these phony banks. This recent switch from Us dollars to Euros for trade with Iran will be stopped shortly. This was a mistake by Iraq to do so. But there has to be a solution as Iraq needs the imports to survive and grow its economy. All we can do is sit, wait and watch it all play out. To me what makes the most sense is to reinstate the dinar and thus trade with the dinar. Some say they are using the dinar already in trade with the 1190 rate. This was of course not permissible under sanctions, but the sanctions are relieved and so why has the CBI not yet reinstated the currency? Clearly there is something behind the scenes blocking the reinstatement.
9-8-2018 Intel Guru RayRen98 Cleric Sadr called for an emergency meeting for all Parliament members on Saturday to discuss the Basra situation and other matters. He warned that any member not in attendance would be held accountable. The Kurds did not attend the Parliament meeting claiming constitutional concerns. Sadr publicly trashes them on Iraqi TV for not participating in that important session. Iraqi President announces plans for tomorrow's meeting to include naming a new president and a new speaker...hopefully with the attendance of the Kurds. Sadr's comments on TV did not receive a positive reception. [Gee, I wonder why?] lol. A new program and a new national E-Card for citizens was being shared on Iraqi TV by Alaq.
9-8-2018 Intel/Newshound Guru Poppy3 BEEN HERE GOING ON 16 YEARS AND BELIEVE ME OUR GREAT PRESIDENT TRUMP IS PUSHING EVERY BUTTON POSSIBLE TO HELP BRING ABOUT THE DINAR RATE CHANGE. HE IS DOUBLING DOWN AGAINST IRAN AND KNOWS IRAQ WILL DOMINATE THE MIDDLE EAST IN THE FUTURE. RELAX RICH FRIENDS THE RATE IS COMING IN DUE TIME WE WILL BE READY TO CELEBRATE.
9-8-2018 Newshound Guru David M. Witty In Basra Province, Iraq, Basra Operations Command imposes curfew after another evening of major destruction. (In reality, curfew appears impossible to implement). Iraqi Parliament convenes. Heated exchange between PM & Governor of Basra Province. Iraqi Parliament has turned into a shouting match with calls for government to resign. Acting Parliament President having a tough time controlling it.
9-8-2018 Newshound/Intel Guru Mnt Goat ...there is no indication as to how far they must go on this topic of corruption. This is one of the unknowns. But anyone with any common sense can clearly see that at least the GOI and Judiciary must help the CBI clean up this currency auction fraud and manipulation by arresting these individuals who run these phony banks. This recent switch from Us dollars to Euros for trade with Iran will be stopped shortly. This was a mistake by Iraq to do so. But there has to be a solution as Iraq needs the imports to survive and grow its economy. All we can do is sit, wait and watch it all play out. To me what makes the most sense is to reinstate the dinar and thus trade with the dinar. Some say they are using the dinar already in trade with the 1190 rate. This was of course not permissible under sanctions, but the sanctions are relieved and so why has the CBI not yet reinstated the currency? Clearly there is something behind the scenes blocking the reinstatement.
9-7-2018 Newshound Guru Kathy I know the Kurds are kind of a stumbling block but in the end I cannot see them joining Maliki’s group! They had enough interaction to know Maliki signing any kind of document is totally worthless! Maliki never keeps his word and Ameri is simply an Iranian puppet along with Maliki! What would be the result if the Kurds decided not to join either block? I cannot imagine that would be to their advantage! I think things are going to get real interesting in the near future!
9-7-2018 Newshound Guru Adam Montana ...With that said, I completely reject the idea that the IMF "must" do anything at all to enable, allow, or even encourage Iraq/CBI/GOI/etc to do anything with their currency. They will do what they want, when they want it. Chapter 7 was a big deal. That prohibited them, via the United Nations and more, from making any major changes. Chapter 7 was the ONLY sanction that completely restricted them from RVing, in my opinion. There are other items that needed to be handled in order to make it easier, but even now - without HCL in place - they could still do it today. It's my opinion that it is not likely to happen before the HCL is in place, but they COULD. [post 2 of 2]
9-7-2018 Newshound Guru Adam Montana [Can the Monetary Reform happen before the SBA 2016 agreement with the IMF?...Will the CBI be able to act alone and start the Reform without the IMF's Approval?] In a perfect scenario, the IMF gives the green light, CBI implements the "approved" changes, RV. Let's be real, though... if the CBI wants to go ahead with it, then they will, and what is the IMF going to do - tell them "no, you can't pay X for your Dinar"?? I don't think so...And if the IMF DID do something like that, can you imagine how many institutions around the world would completely REVOLT against the IMF?! It would be absolute chaos! [post 1 of 2....stay tuned]
9-7-2018 Intel Guru Bruce ...it looks like everything is coming together at the last moment, and it is getting down to the wire. We have Iraq still doing their thing. Messing around with their government. Talking about running more stuff through parliament again. ...They are talking about releasing the...Oil and Gas Law...Talking about releasing that in the Gazette on Saturday...What does that mean for our timing? That could trigger what it is we are all waiting for...I have heard people talk about a 5 day window. The window could be literally hours away to a couple of days or maybe it drags out through the weekend. I really believe that. ...I think we are at a really good shape.
9-7-2018 Intel Guru Footforward I still believe and expect the RV to happen. What's been going on hasn't changed my mind. This will come to be...
9-7-2018 Newshound Guru MilitiaMan ...WS [Guru Walkingstick] posted that the COM was paid electronically, and back pay to 01/01/2018. The same was said to have happened for the HCL for the citizens ...we await them to tell us it is fully active. ...The question is, will they leak out the payments of back pay for the Citizens for the HCL? Imo Oh heck yes.. When they do, it will go public by the CBI, GOC or just plain old leakage. Now keep in mind that Sadr has spoken out about the GOI not fulfilling their responsibilities. In fact imo he is saying have them done before Sunday. Start your meetings ASAP, and by the way they are going to be live on camera. Therefore, all the citizens that know your sandbagging and they are not getting paid their do, will be able to watch who is sandbagging them...imo.
[post 2 of 2]
9-7-2018 Newshound Guru MilitiaMan Quote: "The Iraqi National Card is an electronic biometric card issued by the Ministry of Interior from January 1, 2016. It replaced the Nationality Certificate and Civil Identification Document previously issued. In 2018 it will also replace the Residency Card). This card has a high security platform and is connected directly to the Iraqi Civil System" Now I am not sure how many realize just how big this is? It is telling us they are on the 09/05/2018 ready to "LAUNCH" the E-Regulations a form of many forms that are about E-Governance. That includes E-Banking...It will include Citizens, Employees, Businesses, Countries, Constituencies, Democracy, payments, receivables, etc., etc. [post 1 of 2....stay tuned]
9-7-2018 Newshound Guru chattels Much of the recent news highlights the question of whether the rule of law or the rule of men, and which men will it be, is or will be in control in Iraq. These are dangerous times in Iraq. Iraq seems continually to jump from the frying pan into the fire and back again, IMO. It appears that my sense of optimism about the avoidance of quotas and the announcement of a government sooner rather than later in this election cycle was misplaced. The Machiavellian Maliki is very resourceful politically and we should never underestimate him or the capacity of Iraq for self destruction.
9-7-2018 Newshound Guru Adam Montana ...With that said, I completely reject the idea that the IMF "must" do anything at all to enable, allow, or even encourage Iraq/CBI/GOI/etc to do anything with their currency. They will do what they want, when they want it. Chapter 7 was a big deal. That prohibited them, via the United Nations and more, from making any major changes. Chapter 7 was the ONLY sanction that completely restricted them from RVing, in my opinion. There are other items that needed to be handled in order to make it easier, but even now - without HCL in place - they could still do it today. It's my opinion that it is not likely to happen before the HCL is in place, but they COULD. [post 2 of 2]
9-7-2018 Newshound Guru Adam Montana [Can the Monetary Reform happen before the SBA 2016 agreement with the IMF?...Will the CBI be able to act alone and start the Reform without the IMF's Approval?] In a perfect scenario, the IMF gives the green light, CBI implements the "approved" changes, RV. Let's be real, though... if the CBI wants to go ahead with it, then they will, and what is the IMF going to do - tell them "no, you can't pay X for your Dinar"?? I don't think so...And if the IMF DID do something like that, can you imagine how many institutions around the world would completely REVOLT against the IMF?! It would be absolute chaos! [post 1 of 2....stay tuned]
9-7-2018 Intel Guru Bruce ...it looks like everything is coming together at the last moment, and it is getting down to the wire. We have Iraq still doing their thing. Messing around with their government. Talking about running more stuff through parliament again. ...They are talking about releasing the...Oil and Gas Law...Talking about releasing that in the Gazette on Saturday...What does that mean for our timing? That could trigger what it is we are all waiting for...I have heard people talk about a 5 day window. The window could be literally hours away to a couple of days or maybe it drags out through the weekend. I really believe that. ...I think we are at a really good shape.
9-7-2018 Intel Guru Footforward I still believe and expect the RV to happen. What's been going on hasn't changed my mind. This will come to be...
9-7-2018 Newshound Guru MilitiaMan ...WS [Guru Walkingstick] posted that the COM was paid electronically, and back pay to 01/01/2018. The same was said to have happened for the HCL for the citizens ...we await them to tell us it is fully active. ...The question is, will they leak out the payments of back pay for the Citizens for the HCL? Imo Oh heck yes.. When they do, it will go public by the CBI, GOC or just plain old leakage. Now keep in mind that Sadr has spoken out about the GOI not fulfilling their responsibilities. In fact imo he is saying have them done before Sunday. Start your meetings ASAP, and by the way they are going to be live on camera. Therefore, all the citizens that know your sandbagging and they are not getting paid their do, will be able to watch who is sandbagging them...imo.
[post 2 of 2]
9-7-2018 Newshound Guru MilitiaMan Quote: "The Iraqi National Card is an electronic biometric card issued by the Ministry of Interior from January 1, 2016. It replaced the Nationality Certificate and Civil Identification Document previously issued. In 2018 it will also replace the Residency Card). This card has a high security platform and is connected directly to the Iraqi Civil System" Now I am not sure how many realize just how big this is? It is telling us they are on the 09/05/2018 ready to "LAUNCH" the E-Regulations a form of many forms that are about E-Governance. That includes E-Banking...It will include Citizens, Employees, Businesses, Countries, Constituencies, Democracy, payments, receivables, etc., etc. [post 1 of 2....stay tuned]
9-7-2018 Newshound Guru chattels Much of the recent news highlights the question of whether the rule of law or the rule of men, and which men will it be, is or will be in control in Iraq. These are dangerous times in Iraq. Iraq seems continually to jump from the frying pan into the fire and back again, IMO. It appears that my sense of optimism about the avoidance of quotas and the announcement of a government sooner rather than later in this election cycle was misplaced. The Machiavellian Maliki is very resourceful politically and we should never underestimate him or the capacity of Iraq for self destruction.
9-6-2018 Newshound Guru Adam Montana While the GOI formation is dragging on, Abadi continues to be a positive factor. No matter who is “named” the next President, I think he will continue to be a driving force in the next phases of Iraq’s development and return to their former status. Make no mistake about this - Iraq suffered a huge setback with Saddam. They have had a long road to make it this far, and the next steps for them should be pretty apparent to anyone that isn’t a complete pessimist.
9-6-2018 Newshound Guru Bloodloch ...Should the quorum not be reached by al-Sadr's Sunday deadline, he is calling on a one-million citizen demonstration to press the issue. In addition, the current Prime Minister Abadi is promising Anbar's leaders their very own Sunni Army if they stand strong in parliamentary support of the Reform and Reconstruction Bloc. Pretty exciting stuff, eh? Let's see what happens between now and Sunday the 9th. [post 2 of 2]
9-6-2018 Newshound Guru Bloodloch The largest bloc is now called the Reform and Reconstruction Bloc. That bloc contains reportedly 180 members at least, which is enough to achieve the 165 seat threshold for a quorum if they all show up. However, due to the Iraqi Federal Court not yet declaring Reform and Reconstruction as the largest bloc, and lacking the support of the two large Kurdish blocs, they are left with a very thin, 16-seat margin of error to gain a quorum. The clerical leader of Total Reform, Moqtada al-Sadr, has called for an emergency session of parliament between now and this coming Sunday (Sept 9th) for the election of deputies. [post 1 of 2....stay tuned]
9-6-2018 Newshound Guru chattels Article: "Sadr calls for new parliament to convene quickly on Basra" Quote: "We see the disregard by some politicians for what is happening in that troubled province, as they are preoccupied with forming [the largest bloc] that will only be like previous governments and alliances that characterized sectarianism, corruption and injustice." Maliki was quoted yesterday as saying that a "fix" for Basra was readily available. No doubt in an effort to undermine Abadi...
9-6-2018 Newshound/Intel Guru Mnt Goat What is REALLY going on behind the scenes? ...They are stalling to settle which is the largest bloc. To get the largest bloc they must include the Kurds. They will need the Kurds in order to get the needed quorum in parliament to get anything done. ...I expect that if they solve the crisis with Kurdistan and the deadlock for the largest bloc, they will then reconvene in parliament prior to Sept 15th.
9-6-2018 Newshound Guru Adam Montana Getting back to the basics of what makes Iraq a solid candidate for ReValuation, don’t forget that they are RICH with Black Gold… OIL. The world runs on that stuff, Iraq has a ton of it, which means they have intrinsic value that cannot be denied. The CBI has announced that they are also adding to their “other” Gold, to the tune of an additional 6.5 tons. I’ll save you the trouble of doing the math… 6.5 tons = 208,000 ounces. Gold is about $1200 per ounce right now, so that’s a value of $249,600,000. (Obviously a little less due to wholesale value, but it’s a lot of money!) Not too shabby of a report for the day, and it shows increasing strength. Good stuff!
9-6-2018 Newshound Guru Bloodloch ...Should the quorum not be reached by al-Sadr's Sunday deadline, he is calling on a one-million citizen demonstration to press the issue. In addition, the current Prime Minister Abadi is promising Anbar's leaders their very own Sunni Army if they stand strong in parliamentary support of the Reform and Reconstruction Bloc. Pretty exciting stuff, eh? Let's see what happens between now and Sunday the 9th. [post 2 of 2]
9-6-2018 Newshound Guru Bloodloch The largest bloc is now called the Reform and Reconstruction Bloc. That bloc contains reportedly 180 members at least, which is enough to achieve the 165 seat threshold for a quorum if they all show up. However, due to the Iraqi Federal Court not yet declaring Reform and Reconstruction as the largest bloc, and lacking the support of the two large Kurdish blocs, they are left with a very thin, 16-seat margin of error to gain a quorum. The clerical leader of Total Reform, Moqtada al-Sadr, has called for an emergency session of parliament between now and this coming Sunday (Sept 9th) for the election of deputies. [post 1 of 2....stay tuned]
9-6-2018 Newshound Guru chattels Article: "Sadr calls for new parliament to convene quickly on Basra" Quote: "We see the disregard by some politicians for what is happening in that troubled province, as they are preoccupied with forming [the largest bloc] that will only be like previous governments and alliances that characterized sectarianism, corruption and injustice." Maliki was quoted yesterday as saying that a "fix" for Basra was readily available. No doubt in an effort to undermine Abadi...
9-6-2018 Newshound/Intel Guru Mnt Goat What is REALLY going on behind the scenes? ...They are stalling to settle which is the largest bloc. To get the largest bloc they must include the Kurds. They will need the Kurds in order to get the needed quorum in parliament to get anything done. ...I expect that if they solve the crisis with Kurdistan and the deadlock for the largest bloc, they will then reconvene in parliament prior to Sept 15th.
9-6-2018 Newshound Guru Adam Montana Getting back to the basics of what makes Iraq a solid candidate for ReValuation, don’t forget that they are RICH with Black Gold… OIL. The world runs on that stuff, Iraq has a ton of it, which means they have intrinsic value that cannot be denied. The CBI has announced that they are also adding to their “other” Gold, to the tune of an additional 6.5 tons. I’ll save you the trouble of doing the math… 6.5 tons = 208,000 ounces. Gold is about $1200 per ounce right now, so that’s a value of $249,600,000. (Obviously a little less due to wholesale value, but it’s a lot of money!) Not too shabby of a report for the day, and it shows increasing strength. Good stuff!
9-5-2018 Newshound Guru Whitelions ...Don't worry about people falling all over each other trying to get to the banks...less than 1 % of the worlds population holds Dinar outside Iraq except for banks [themselves]...
9-5-2018 Intel Guru RayRen98 A long day of ups and downs but banks say we are back on track...
9-5-2018 Newshound/Intel Guru Mnt Goat We finally see that Iraq is forced to hold the first session but only because of a constitutional requirement. Will they delay it further and can they do so legally now that this first session is held and some of the new MPs are sworn in. Oh – but not all the new MPs are sworn in. They are still missing many from the Kurdistan region and it will be hard to get a quorum without them.
9-5-2018 Newshound Guru Adam Montana Iraq is still plodding through the formation of the new Government. Watching the GOI work could be described as similar to watching grass grow, although with the rain I’m getting right now… I think my lawn would win that race! Something to keep in mind, and this is a good thing - as slow as things seem to be moving, Iraq in general has made light years of progress compared to where they were a decade ago. Their processes are greatly improved. The debates are much more structured, not confused and uncertain as they were 5 or 10 years ago. There is an end in sight, so my point here is simple… don’t lose hope, be patient, and let things happen.
9-5-2018 Intel Guru Bruce Communication from all banks has stopped. ...That is one thing I think is ultimately a good sign, and we do know that the Quantum Financial System was completely hooked up and linked to every bank and central bank and Federal Reserve Bank it needed to be hooked up to. ...We know that President Trump has taken let’s call it firsthand charge of the roll out and initiating what needs to happen with the revaluation... ...I feel that what I have heard was the possibility going at a certain time and I feel that time is close approaching. ...My sources are indicating the Joe Public starts date is going to be September 15, 16, 17 or 18 of this month. So we have some time we will have to go prior to that as the Internet Group or Informed Group. Just to let you know. We should be there I have heard this week. [post 2 of 2]
9-5-2018 Intel Guru Bruce Even though this is much bigger than Iraqi dinar we still have a situation right now where every bank in the world is on pins and needles waiting for the CBI to do their thing which should be to change the rate on the CBI to a reinstated and revalued rate for the Iraqi dinar. The word is once that happens everything is going to tumble like an avalanche for us. So we have every bank in the world it was put this way by someone high up, is just waiting for that to occur. ...we heard at 1105 am this morning EST [Tuesday] all the bank rates on all screens came off. Other words, all the currencies came off the screens at the same time. ...I do know that once the dinar comes back up as a rate that equivalent to the rate on the CBI, we should be good to go. [post 1 of 2....stay tuned]
9-5-2018 Newshound Guru Breitling …I’ve never once heard of the traders in the United States selling counterfeit currency…It’s never been a problem. Maybe in the future it could be a problem…
9-5-2018 Intel Guru Frank26 Article quote: "Parliamentarians and economists and the Iraqi street are expected to sign on September 5, the date of announcing the activation of the law of the National Oil Company, which set 10 percent of the sales of oil to put in special funds for distribution to the Iraqis." They had six months to agree on it now as a government they have to pass it.
9-5-2018 Intel Guru Delta Article quote: "Parliamentarians and economists and the Iraqi street are expected to sign on September 5, the date of announcing the activation of the law of the National Oil Company, which set 10 percent of the sales of oil to put in special funds for distribution to the Iraqis." NOTHING MATTER ANYMORE ...JUST WATCH CBI IT'S COMING...(Big Grin)
9-5-2018 Intel Guru RayRen98 A long day of ups and downs but banks say we are back on track...
9-5-2018 Newshound/Intel Guru Mnt Goat We finally see that Iraq is forced to hold the first session but only because of a constitutional requirement. Will they delay it further and can they do so legally now that this first session is held and some of the new MPs are sworn in. Oh – but not all the new MPs are sworn in. They are still missing many from the Kurdistan region and it will be hard to get a quorum without them.
9-5-2018 Newshound Guru Adam Montana Iraq is still plodding through the formation of the new Government. Watching the GOI work could be described as similar to watching grass grow, although with the rain I’m getting right now… I think my lawn would win that race! Something to keep in mind, and this is a good thing - as slow as things seem to be moving, Iraq in general has made light years of progress compared to where they were a decade ago. Their processes are greatly improved. The debates are much more structured, not confused and uncertain as they were 5 or 10 years ago. There is an end in sight, so my point here is simple… don’t lose hope, be patient, and let things happen.
9-5-2018 Intel Guru Bruce Communication from all banks has stopped. ...That is one thing I think is ultimately a good sign, and we do know that the Quantum Financial System was completely hooked up and linked to every bank and central bank and Federal Reserve Bank it needed to be hooked up to. ...We know that President Trump has taken let’s call it firsthand charge of the roll out and initiating what needs to happen with the revaluation... ...I feel that what I have heard was the possibility going at a certain time and I feel that time is close approaching. ...My sources are indicating the Joe Public starts date is going to be September 15, 16, 17 or 18 of this month. So we have some time we will have to go prior to that as the Internet Group or Informed Group. Just to let you know. We should be there I have heard this week. [post 2 of 2]
9-5-2018 Intel Guru Bruce Even though this is much bigger than Iraqi dinar we still have a situation right now where every bank in the world is on pins and needles waiting for the CBI to do their thing which should be to change the rate on the CBI to a reinstated and revalued rate for the Iraqi dinar. The word is once that happens everything is going to tumble like an avalanche for us. So we have every bank in the world it was put this way by someone high up, is just waiting for that to occur. ...we heard at 1105 am this morning EST [Tuesday] all the bank rates on all screens came off. Other words, all the currencies came off the screens at the same time. ...I do know that once the dinar comes back up as a rate that equivalent to the rate on the CBI, we should be good to go. [post 1 of 2....stay tuned]
9-5-2018 Newshound Guru Breitling …I’ve never once heard of the traders in the United States selling counterfeit currency…It’s never been a problem. Maybe in the future it could be a problem…
9-5-2018 Intel Guru Frank26 Article quote: "Parliamentarians and economists and the Iraqi street are expected to sign on September 5, the date of announcing the activation of the law of the National Oil Company, which set 10 percent of the sales of oil to put in special funds for distribution to the Iraqis." They had six months to agree on it now as a government they have to pass it.
9-5-2018 Intel Guru Delta Article quote: "Parliamentarians and economists and the Iraqi street are expected to sign on September 5, the date of announcing the activation of the law of the National Oil Company, which set 10 percent of the sales of oil to put in special funds for distribution to the Iraqis." NOTHING MATTER ANYMORE ...JUST WATCH CBI IT'S COMING...(Big Grin)
9-4-2018 Intel Guru Frank26 IMO...THE PIN HAS BEEN PULLED ON ECO AND MONETARY REFORMS AND THE GRENADE HAS BEEN THROWN...ALLOW THE EXPLOSION AND SMOKE TO CLEAR... GAME IS ON!!! ...IMO OF COURSE.
9-4-2018 Newshound Guru Kaperoni So the latest news from Iraq is that Parliament suspended it's session today because Maliki is challenging the largest block which probably will end up going to the federal court which is simply stupid because this is just a stall tactic. So we end up with about a 2-week delay reconvening around the 17th of September. Hopefully at that time they start to assemble the cabinet choose a president and subsequent new prime minister within a few weeks thereafter.
9-4-2018 Newshound Guru Walkingstick [via sunny & Manaolana, 8-27-18] The internet was worried about ...Parliament, which Parliament has no part in the Executive Branch, but they will be seated, and it will complete the GOI. But it is the Cabinet, and it is Abadi, as the Prime Minister, that is more important to the reinstatement, than is the Parliament members. Abadi, and his Cabinet is the Executive Branch. ...We also have CBI Board members. ...that is, the core of the monetary reform. That is the core of the reinstatement that we all seek, because the revaluation sits there in the global theater twiddling its thumbs, waiting for it to be reinstated.
9-4-2018 Newshound Guru chattels Article quote: "...the determination of Saturday, September 15, a date for the election of the Speaker of the House of Representatives and his deputies." One last post in an effort to resolve clarify the date(s) of September 15 or 17 for the reconvening of Parliament,...
9-4-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, 2 main Kurdish parties have still not joined any coalition to form new Iraqi government. They await to see if their conditions for joining will me met. In Iraqi election news, Maliki's office denies document from Building Alliance of State of Law & Fatah coalitions nominating him to be new PM. Iraqi Parliament continues to meet today to conduct deliberations but unable to officially convene since only 85 MPs present out of 329. Unable to elect new President of Parliament.
9-4-2018 Newshound/Intel Guru Walkingstick [via sunny & Manaolana, 8-27-18] ...But as you know, there is a suitable environment that the FAB 4 are looking for. This was the private banks understanding that last Saturday they would reinstate. IMO, what is happening with Iran was a blind-side to the reinstatement of last Saturday, causing Alak, and Abadi, and the FAB 4 to continue the process. ...They did not act upon the reinstatement...just yet. It was quite a knee-jerk, but not yet! But IMO...due to the United States Treasury, this situation with Iran is under much better control now. ...It was a bit of a hiccup, but no longer. [post 2 of 2]
9-4-2018 Newshound/Intel Guru Walkingstick [via sunny, from 8-27-18] The United States Treasury, is now ready to sanction not just Iran, but also Iraq. There are 6-8 Iraqi banks under suspicion of funneling money through the auctions to Iran...So these banks that are under suspicion of funneling money through the auctions, they are being dealt with right now by the United States Treasury. You must suspend the auctions. ...The talk within the circle, of not only the CBI of Iraq, and all the private banks is that, and not only the talk, but their understanding within the CBI, and within the banks in Iraq, they will be getting an official nod of when to prepare for the reinstatement... [post 1 of 2....stay tuned]
9-4-2018 Newshound Guru Kaperoni So the latest news from Iraq is that Parliament suspended it's session today because Maliki is challenging the largest block which probably will end up going to the federal court which is simply stupid because this is just a stall tactic. So we end up with about a 2-week delay reconvening around the 17th of September. Hopefully at that time they start to assemble the cabinet choose a president and subsequent new prime minister within a few weeks thereafter.
9-4-2018 Newshound Guru Walkingstick [via sunny & Manaolana, 8-27-18] The internet was worried about ...Parliament, which Parliament has no part in the Executive Branch, but they will be seated, and it will complete the GOI. But it is the Cabinet, and it is Abadi, as the Prime Minister, that is more important to the reinstatement, than is the Parliament members. Abadi, and his Cabinet is the Executive Branch. ...We also have CBI Board members. ...that is, the core of the monetary reform. That is the core of the reinstatement that we all seek, because the revaluation sits there in the global theater twiddling its thumbs, waiting for it to be reinstated.
9-4-2018 Newshound Guru chattels Article quote: "...the determination of Saturday, September 15, a date for the election of the Speaker of the House of Representatives and his deputies." One last post in an effort to resolve clarify the date(s) of September 15 or 17 for the reconvening of Parliament,...
9-4-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, 2 main Kurdish parties have still not joined any coalition to form new Iraqi government. They await to see if their conditions for joining will me met. In Iraqi election news, Maliki's office denies document from Building Alliance of State of Law & Fatah coalitions nominating him to be new PM. Iraqi Parliament continues to meet today to conduct deliberations but unable to officially convene since only 85 MPs present out of 329. Unable to elect new President of Parliament.
9-4-2018 Newshound/Intel Guru Walkingstick [via sunny & Manaolana, 8-27-18] ...But as you know, there is a suitable environment that the FAB 4 are looking for. This was the private banks understanding that last Saturday they would reinstate. IMO, what is happening with Iran was a blind-side to the reinstatement of last Saturday, causing Alak, and Abadi, and the FAB 4 to continue the process. ...They did not act upon the reinstatement...just yet. It was quite a knee-jerk, but not yet! But IMO...due to the United States Treasury, this situation with Iran is under much better control now. ...It was a bit of a hiccup, but no longer. [post 2 of 2]
9-4-2018 Newshound/Intel Guru Walkingstick [via sunny, from 8-27-18] The United States Treasury, is now ready to sanction not just Iran, but also Iraq. There are 6-8 Iraqi banks under suspicion of funneling money through the auctions to Iran...So these banks that are under suspicion of funneling money through the auctions, they are being dealt with right now by the United States Treasury. You must suspend the auctions. ...The talk within the circle, of not only the CBI of Iraq, and all the private banks is that, and not only the talk, but their understanding within the CBI, and within the banks in Iraq, they will be getting an official nod of when to prepare for the reinstatement... [post 1 of 2....stay tuned]
9-3-2018 Newshound Guru Kaperoni Abadi addressed the new parliament today stating clearly the next government is responsible for economic reforms. It will take 2-3 months to get new GOI in place. Its coming.
9-3-2018 Newshound/Intel Guru BGG Article: "Baghdad, al Sadr populists and premier Abadi allies form new government" Quote: "Sixteen Iraqi political movements and parties, including the populist list of radical Shiite leader Moqtada al-Sadr – winner of last May’s election – and the faction of outgoing prime minister Haider al-Abadi, will give life to the most important parliamentary block. The agreement, reached late yesterday evening, will guarantee its signatories the possibility to start work on the formation of the new government." Wow – I was suspicious this might happen. While Barzani was crowing about being closer to Maliki, Sadr and Abadi did it without them. 177 deputies and no mention of the Kurds. Now, something to watch is these upcoming KRG (regional) elections in September, not that it means much (or anything) to the currency investment…
9-3-2018 Intel Guru RayRen98 The new parliament is now active and we are waiting for nominations.
9-3-2018 Intel Guru Frank26 [i get the impression you are almost seeing the finish line of the long journey... Hard not to be excited about the coming week...] WITHOUT FURTHER OPINION FROM MY PART...THE FINISH LINE...IS IN MY REAR VIEW MIRROR!!!
9-3-2018 Newshound Guru Currency365 AS LONG AS YOU HAVE 165+ MEMBERS YOU CAN VOTE LAWS AND MAKE DECISIONS AND HOLD SESSIONS...THESE CORRUPT PEOPLE ARE JUST ANGRY THEY LOST POWER...(parliament session suspended for one hour, as Hadi al-Amiri's Fatih & Nouri al-Maliki's State of Law walk out with KDP and PUK) Hopefully the kurds make a decision Tuesday so parliament can move on, either way Sadr, Abadi, Allawi, Hakim etc have over 165 MP's on they squad so they can get a majority vote on all things. Would be nice to see the whole Gov't work together but if they can't it doesn't matter.
9-3-2018 Newshound Guru Breitling “...The Iranian strategy is to inject a large counterfeit Iraqi currency into Iraqi markets…”…So what are they doing? They are trying to shake the confidence of the Iraqi dinar so the locals in Iraq will use more US dollars so Iran can use that backdoor market …So that’s Iran’s access to US dollars. “If Iraqi can’t cope with the smuggling of fake Iraqi dinars into it’s territory this strategy will force the CBI to pump double amounts of dollars into the country’s markets to preserve the value of the local currency…” there’s another way to counter that. And that’s to add value to the Iraqi dinar…if people are using the Iraqi dinar you don’t need to change the liquidity of the dollar in the economy do you?…the only way to protect the Iraqi dinar is to add value to it……this is going to happen. This is going to revalue. You just need to be prepared… [Post 2 of 2]
9-3-2018 Newshound Guru Breitling Iran’s GDP has everything to do with what’s going on with Iraq. Iran’s GDP is 439 Billion…There are 14 states in this country that have a larger GDP than the country of Iran…and now it’s tanking…Iran is looking at Iraq as a source of dollars…now this isn’t going to stop the revaluation of the Iraqi dinar. If anything, it will push it forward. Article “Iraqi official have revealed that Iran is pursuing a new strategy to supply the US dollar needs by working to reduce the Iraqi dinar exchange rate. Iran faces major difficulties in obtaining the dollar”… [If] You get out of the US dollar, you’re in trouble. [if] You also get out of the US banking system and you’re in Venezuela mode… [Post 1 of 2...stay tuned]
9-3-2018 Newshound/Intel Guru David M. Witty Iraqi PM sends request to Parliament asking to confirm which Coalition has the majority needed to form new government. New Iraqi Parliament seated, along with full orchestra to play national anthem. ...Which coalition will form new government still unclear.
9-3-2018 Newshound Guru Walkingstick Article quote: “Legal : It is not permissible to extend the period specified by the Constitution for the convening of the first parliament session” Yep... Also, their Federal court ruling of 2010, states... they can not leave the first session of parliament open, nor can they take their oath and break quorum per a federal court ruling in 2014 ....
9-3-2018 Newshound Guru Kaperoni Several reports are being posted now that the largest bloc has been formed for tomorrow's [Monday's] parliamentary session stay tuned!
9-3-2018 Newshound/Intel Guru BGG Article: "Baghdad, al Sadr populists and premier Abadi allies form new government" Quote: "Sixteen Iraqi political movements and parties, including the populist list of radical Shiite leader Moqtada al-Sadr – winner of last May’s election – and the faction of outgoing prime minister Haider al-Abadi, will give life to the most important parliamentary block. The agreement, reached late yesterday evening, will guarantee its signatories the possibility to start work on the formation of the new government." Wow – I was suspicious this might happen. While Barzani was crowing about being closer to Maliki, Sadr and Abadi did it without them. 177 deputies and no mention of the Kurds. Now, something to watch is these upcoming KRG (regional) elections in September, not that it means much (or anything) to the currency investment…
9-3-2018 Intel Guru RayRen98 The new parliament is now active and we are waiting for nominations.
9-3-2018 Intel Guru Frank26 [i get the impression you are almost seeing the finish line of the long journey... Hard not to be excited about the coming week...] WITHOUT FURTHER OPINION FROM MY PART...THE FINISH LINE...IS IN MY REAR VIEW MIRROR!!!
9-3-2018 Newshound Guru Currency365 AS LONG AS YOU HAVE 165+ MEMBERS YOU CAN VOTE LAWS AND MAKE DECISIONS AND HOLD SESSIONS...THESE CORRUPT PEOPLE ARE JUST ANGRY THEY LOST POWER...(parliament session suspended for one hour, as Hadi al-Amiri's Fatih & Nouri al-Maliki's State of Law walk out with KDP and PUK) Hopefully the kurds make a decision Tuesday so parliament can move on, either way Sadr, Abadi, Allawi, Hakim etc have over 165 MP's on they squad so they can get a majority vote on all things. Would be nice to see the whole Gov't work together but if they can't it doesn't matter.
9-3-2018 Newshound Guru Breitling “...The Iranian strategy is to inject a large counterfeit Iraqi currency into Iraqi markets…”…So what are they doing? They are trying to shake the confidence of the Iraqi dinar so the locals in Iraq will use more US dollars so Iran can use that backdoor market …So that’s Iran’s access to US dollars. “If Iraqi can’t cope with the smuggling of fake Iraqi dinars into it’s territory this strategy will force the CBI to pump double amounts of dollars into the country’s markets to preserve the value of the local currency…” there’s another way to counter that. And that’s to add value to the Iraqi dinar…if people are using the Iraqi dinar you don’t need to change the liquidity of the dollar in the economy do you?…the only way to protect the Iraqi dinar is to add value to it……this is going to happen. This is going to revalue. You just need to be prepared… [Post 2 of 2]
9-3-2018 Newshound Guru Breitling Iran’s GDP has everything to do with what’s going on with Iraq. Iran’s GDP is 439 Billion…There are 14 states in this country that have a larger GDP than the country of Iran…and now it’s tanking…Iran is looking at Iraq as a source of dollars…now this isn’t going to stop the revaluation of the Iraqi dinar. If anything, it will push it forward. Article “Iraqi official have revealed that Iran is pursuing a new strategy to supply the US dollar needs by working to reduce the Iraqi dinar exchange rate. Iran faces major difficulties in obtaining the dollar”… [If] You get out of the US dollar, you’re in trouble. [if] You also get out of the US banking system and you’re in Venezuela mode… [Post 1 of 2...stay tuned]
9-3-2018 Newshound/Intel Guru David M. Witty Iraqi PM sends request to Parliament asking to confirm which Coalition has the majority needed to form new government. New Iraqi Parliament seated, along with full orchestra to play national anthem. ...Which coalition will form new government still unclear.
9-3-2018 Newshound Guru Walkingstick Article quote: “Legal : It is not permissible to extend the period specified by the Constitution for the convening of the first parliament session” Yep... Also, their Federal court ruling of 2010, states... they can not leave the first session of parliament open, nor can they take their oath and break quorum per a federal court ruling in 2014 ....
9-3-2018 Newshound Guru Kaperoni Several reports are being posted now that the largest bloc has been formed for tomorrow's [Monday's] parliamentary session stay tuned!
9-2-2018 Newshound Guru MilitiaMan Article: “Abadi: We will not risk the interests of our people to please Iran or any other country” Lets not forget that Abadi has been looking to move the ball forward for the people and that includes the Kurds. One of the SBA agreements with the IMF is in regard to the Budget and the Kurds getting a fair share of it and with combining Baghdad and Erbil into one budget, imo. Well the SBA was/is a tool for giving investors security that is derived from the SBA with the IMF.. The IMF brings clout to the region. They held off in 2018 so far, as they were awaiting the elections and to seat the gov. Well now we know that is slated for tomorrow. ...the talk of paying the Kurds monthly and electronically suggests they have a number in mind for the budget already.. imo
9-2-2018 Newshound Guru Currency365 BREAKING: Sadr & Abadi alliance form largest parliamentary bloc after striking deal with Sunni National Axis Alliance ...
9-2-2018 Newshound Guru chattels Quote: "Sadr-Abadi bloc announces formation of Iraq’s largest parliamentary bloc" According to Iraq’s state news agency, the alliance includes 177 lawmakers from 16 different lists to unite in Iraq’s 329-seat chamber. The breakthrough came when the Sunni National Axis Alliance agreed to join the bloc. The Kurdistan Democratic Party (KDP) and Patriotic Union of Kurdistan (PUK) are not currently part of the bloc. If true then the bloc has 12 supporters more than needed.
9-2-2018 Newshound Gurus Bloodloch and Kathy Article: "Sadr-Abadi bloc announces formation of Iraq’s largest parliamentary bloc" Quote: "Muqtada al-Sadr’s Sayirun, Haider al-Abadi’s Nasr (Victory), and fourteen other political groups have announced the formation of the biggest parliamentary bloc capable of forming Iraq’s next government." And then there were 177, well over the 165 threshold for control of government formation. Looking forward to tomorrow's (Monday) Session of Parliament. This is awesome!
9-2-2018 Newshound Guru Don961 Article: "Legal : It is not permissible to extend the period specified by the Constitution for the convening of the first parliament session" So...the opening session must go on tomorrow by law...to swear in newbies, etc...but if there is a quorum, the eldest MP, who opens the show , can ask for a vote on a 15-day extension to allow the blocs more time (15 days) to agree on candidates for a new President and Vice-Presidents of the House, etc...then the other 2 can be worked on... President of the Republic and PM...by the majority bloc...to round out the 3 Presidencies of the GOI...imo.
9-2-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, Maliki says he will not accept nomination to be new PM. Says he made this promise many years ago & is bound to it.
9-2-2018 Newshound Guru chattels Neither of the two main coalitions have a majority at this time. Both the Sunni and Kurds appear to be trying to leverage their support for various concessions from both coalitions. It may be weeks or months before the outcome is determined. The ultimate question /concern is whether either coalition will enable our liquidity event. We wait, watch and wonder which or whether either "winning" bloc will make a wit of difference in what we wish for.
9-2-2018 Newshound Guru MilitiaMan As noted, they are excluding banks and financial transfer companies to sell the Dollar, thus, one might ask who gets remittances and or credits and for what purposes and in relatively large amounts? Contractors, etc.? Sure they fit, and as we know and we have been told the Auctions will cease to exist, as we have previously been used to. This surely looks to now break that pattern and apparently suggests they stopped banks and financial transfer companies from selling the Dollar.. Or more simply may just have ceased the auctions like we have been waiting for... They in recent past were using the money to boost banks balance sheets abroad.. Not the case here.... We shall see. [post 2 of 2]
9-2-2018 Newshound Guru MilitiaMan Article: "Central announces the sale of more than 174 million dollars through the auction" I would like to point out that the above appears to be telling us they held a special auction ...[Friday]. I am no expert on the auctions be sure. But, the pattern we have witnessed from time back...shows a clear pattern change to that of the above. First...they did one...on a holy day... Not normal behavior, from what I recall. They are in line with talking about foreign currencies... But, the above imo is excluding the USD and in fact they are not talking physical currency for the most part, as the largest portion is in the form of remittances and credits the other is in foreign currencies, i.e., electronically. Well with sanctions being imposed on Iran using the dollar, we can see they are curtailing the ability for that to happen as Abadi has been clear on the matter. However, they appear to still be buying and selling other Foreign Currencies and possibly within the local region. [post 1 of 2....stay tuned]
9-2-2018 Newshound Guru Currency365 BREAKING: Sadr & Abadi alliance form largest parliamentary bloc after striking deal with Sunni National Axis Alliance ...
9-2-2018 Newshound Guru chattels Quote: "Sadr-Abadi bloc announces formation of Iraq’s largest parliamentary bloc" According to Iraq’s state news agency, the alliance includes 177 lawmakers from 16 different lists to unite in Iraq’s 329-seat chamber. The breakthrough came when the Sunni National Axis Alliance agreed to join the bloc. The Kurdistan Democratic Party (KDP) and Patriotic Union of Kurdistan (PUK) are not currently part of the bloc. If true then the bloc has 12 supporters more than needed.
9-2-2018 Newshound Gurus Bloodloch and Kathy Article: "Sadr-Abadi bloc announces formation of Iraq’s largest parliamentary bloc" Quote: "Muqtada al-Sadr’s Sayirun, Haider al-Abadi’s Nasr (Victory), and fourteen other political groups have announced the formation of the biggest parliamentary bloc capable of forming Iraq’s next government." And then there were 177, well over the 165 threshold for control of government formation. Looking forward to tomorrow's (Monday) Session of Parliament. This is awesome!
9-2-2018 Newshound Guru Don961 Article: "Legal : It is not permissible to extend the period specified by the Constitution for the convening of the first parliament session" So...the opening session must go on tomorrow by law...to swear in newbies, etc...but if there is a quorum, the eldest MP, who opens the show , can ask for a vote on a 15-day extension to allow the blocs more time (15 days) to agree on candidates for a new President and Vice-Presidents of the House, etc...then the other 2 can be worked on... President of the Republic and PM...by the majority bloc...to round out the 3 Presidencies of the GOI...imo.
9-2-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, Maliki says he will not accept nomination to be new PM. Says he made this promise many years ago & is bound to it.
9-2-2018 Newshound Guru chattels Neither of the two main coalitions have a majority at this time. Both the Sunni and Kurds appear to be trying to leverage their support for various concessions from both coalitions. It may be weeks or months before the outcome is determined. The ultimate question /concern is whether either coalition will enable our liquidity event. We wait, watch and wonder which or whether either "winning" bloc will make a wit of difference in what we wish for.
9-2-2018 Newshound Guru MilitiaMan As noted, they are excluding banks and financial transfer companies to sell the Dollar, thus, one might ask who gets remittances and or credits and for what purposes and in relatively large amounts? Contractors, etc.? Sure they fit, and as we know and we have been told the Auctions will cease to exist, as we have previously been used to. This surely looks to now break that pattern and apparently suggests they stopped banks and financial transfer companies from selling the Dollar.. Or more simply may just have ceased the auctions like we have been waiting for... They in recent past were using the money to boost banks balance sheets abroad.. Not the case here.... We shall see. [post 2 of 2]
9-2-2018 Newshound Guru MilitiaMan Article: "Central announces the sale of more than 174 million dollars through the auction" I would like to point out that the above appears to be telling us they held a special auction ...[Friday]. I am no expert on the auctions be sure. But, the pattern we have witnessed from time back...shows a clear pattern change to that of the above. First...they did one...on a holy day... Not normal behavior, from what I recall. They are in line with talking about foreign currencies... But, the above imo is excluding the USD and in fact they are not talking physical currency for the most part, as the largest portion is in the form of remittances and credits the other is in foreign currencies, i.e., electronically. Well with sanctions being imposed on Iran using the dollar, we can see they are curtailing the ability for that to happen as Abadi has been clear on the matter. However, they appear to still be buying and selling other Foreign Currencies and possibly within the local region. [post 1 of 2....stay tuned]
9-1-2018 Newshound/Intel Guru Mnt Goat Article: "DUE TO THE ABSENCE OF A POLITICAL AGREEMENTS THE FIRST PARLIAMENT SESSION COULD BE POSTPONED TO SEPTEMBER 15 DUE TO POLITICAL DIFFERENCES" Just got word that they may postpone the first session until Sept 15th...It appears maybe this ongoing elections saga is NOT yet over…
9-1-2018 Newshound Guru Adam Montana [...if the current leader doesn’t stay in...who is waiting in the wings and how’s it looking (in your opinion) if they take the reins in Iraq?] I have a long list of potential government structures, with quite a few variations regarding the "who's who" and "where they are" on the totem pole over there... all of my possibilities that I've drawn up seem fine to me. The ONLY scenario that I would cringe at is if Maliki somehow took over Abadi's current role... that would be a serious setback of at least a couple years, IMO. I don't see that happening... If it doesn't, then I think we're going to be in good hands.
9-1-2018 Intel Guru ADMINBILL NEWS AND INFORMATION REMAINS POSITIVE...We are in a great window of opportunity. A three day weekend is upon.
9-1-2018 Newshound Guru Breitling …There is nothing that has pushed the ability for the Iraqi dinar to revalue more than Trump’s energy plans. Because it puts Iraq in a position that they have to add value to their currency to participate internationally…in the end it all narrows down to energy and 90% of Iraq’s economy is based on energy. This is why Iraq is going to have to react to the market…the market IS the sanctions on Russia. The market IS the tariffs on China. The market IS the sanctions and tariffs on Iran. So those are the engine of the market. And that’s how you can anticipate what’s going on.
9-1-2018 Newshound/Intel Guru Mnt Goat Article: "STRUCTURAL AND TECHNICAL DEVELOPMENTS CARRIED OUT BY THE CBI (2016-2017) CONTRIBUTED TO THE EMERGENCE OF PROMINENT FEATURES TO ACHIEVE FINANCIAL AND MONETARY STABILITY" Okay you heard it from the CBI itself. They have achieved this needed FINANCIAL AND MONITARY STABILITY. So we are hearing all they now need is the POLITICAL STABILITY (completion of the election saga) and they are going to pop this reinstatement.
9-1-2018 Newshound Guru Kaperoni [Is it true the meeting that was set for this weekend may be delayed till the 15th now?] Constitution requires the first session to be held within 10 days of Supreme Court ratification of election results. That day is Sept 4.
9-1-2018 Newshound Guru Adam Montana [...if the current leader doesn’t stay in...who is waiting in the wings and how’s it looking (in your opinion) if they take the reins in Iraq?] I have a long list of potential government structures, with quite a few variations regarding the "who's who" and "where they are" on the totem pole over there... all of my possibilities that I've drawn up seem fine to me. The ONLY scenario that I would cringe at is if Maliki somehow took over Abadi's current role... that would be a serious setback of at least a couple years, IMO. I don't see that happening... If it doesn't, then I think we're going to be in good hands.
9-1-2018 Intel Guru ADMINBILL NEWS AND INFORMATION REMAINS POSITIVE...We are in a great window of opportunity. A three day weekend is upon.
9-1-2018 Newshound Guru Breitling …There is nothing that has pushed the ability for the Iraqi dinar to revalue more than Trump’s energy plans. Because it puts Iraq in a position that they have to add value to their currency to participate internationally…in the end it all narrows down to energy and 90% of Iraq’s economy is based on energy. This is why Iraq is going to have to react to the market…the market IS the sanctions on Russia. The market IS the tariffs on China. The market IS the sanctions and tariffs on Iran. So those are the engine of the market. And that’s how you can anticipate what’s going on.
9-1-2018 Newshound/Intel Guru Mnt Goat Article: "STRUCTURAL AND TECHNICAL DEVELOPMENTS CARRIED OUT BY THE CBI (2016-2017) CONTRIBUTED TO THE EMERGENCE OF PROMINENT FEATURES TO ACHIEVE FINANCIAL AND MONETARY STABILITY" Okay you heard it from the CBI itself. They have achieved this needed FINANCIAL AND MONITARY STABILITY. So we are hearing all they now need is the POLITICAL STABILITY (completion of the election saga) and they are going to pop this reinstatement.
9-1-2018 Newshound Guru Kaperoni [Is it true the meeting that was set for this weekend may be delayed till the 15th now?] Constitution requires the first session to be held within 10 days of Supreme Court ratification of election results. That day is Sept 4.
8-31-2018 Newshound Guru Adam Montana [...tell me what do you really think the value will be once this is RV...] I've been a long time supporter of a .10 RV.
8-31-2018 Intel Gurus Frank26 and Delta Iraq new 500-dinar note with Kurdish confirmed. [SO WHY CBI IS GOING TO INTRODUCE MORE 500...IF ALREADY DID A LOT OF THEM ON 2016.] CAUSE THE NEWER ONES HAVE THE SECURITY FEATURES ON THEM VERSES THE OLD ONES AND...TO TRACK EVERY DINAR IN THE WORLD. (big grin)
8-31-2018 Newshound Guru Don961 Article: "Advisor To The Prime Minister For Finance To Imn: Iraq's Financial Coffers Increased To $ 58 Billion" Quote: "monetary policy more transparent than fiscal policy," noting that "the economy's economy created a convergence between the financial and monetary policies." Hmmm...converging of financial and monetary policies hey Mr. Saleh...what are you trying to tell us...is converging exchange rates next?
8-31-2018 Newshound Guru MilitiaMan Quote: "...We welcome the existence of any cooperation between us and neighboring countries in the field of local currencies..." ...in fact it is a kind gesture to be so considerate at this juncture, as to almost tip his hand on what is effectively going to happen in the short term. If there were not a need to mention currencies, why do so? He wouldn't, he would if there is an all likelihood a big change or differential in currencies to come and soon, that is why.. Imo..
8-31-2018 Newshound Guru Adam Montana [When the elections will be really over? And the new PM will be announce? They are dragging and dragging the process.] Actually, they are moving faster than they have in previous situations. I'm optimistic over their constant improvements in their political processes - it would have been nice to cash in already, but it would not be nice to have them not making improvements. Patience and a little bit of faith... sometimes both come in handy.
8-31-2018 Newshound Guru Don961 Article: "Dagher: $ 58.7 billion in Iraq's hard currency reserves and 89 tons of gold" Quote: "...And the deletion of the three zeros of the Iraqi currency, he replied Dagher that "this issue purely technical and has nothing to do with the rise or fall of prices, and we are in the form of coins in our future projects, although it is high cost, but it is longer in circulation..." cool...telling the citizens and the world , deleting the 3 zeroes ain't no thang...doesn't reduce purchasing power or cause inflation in market prices...merely a technicality just replacing the big notes with more manageable numbers to use in the marketplace...and adding coins ...even though they cost more to mint...they will last longer in circulation...imo.
8-31-2018 Intel Guru Bruce [via Pinkroses] ...what is going on in Iraq...there is a super freighter...full of goods from China...They are waiting for the Bill of Lading...in conjunction of payment coming from newly revalued new Iraqi dinar at midnight...Friday night. The other thing we are hearing that the new Qi cards have been issued throughout the citizens of Iraq. Those will be activated on Tuesday. They will be available to be utilized and paid the oil revenues that are paid to the citizens, a certain percentage. I believe those payments will be available after those cards are activated which will be September 5th, Wednesday. ...The 1st is...Saturday and we are hearing we supposed to wrap this thing up at the end of the month which is tomorrow [Friday]. It is still quite possible that will happen... there is an off chance, possibility that we could get started over the weekend. We are right down to the wire.
8-31-2018 Newshound/Intel Guru BGG Where are we with this investment? ...Here are some thoughts on the current situation... So many say the politics don’t matter to the currency. This isn’t exactly accurate. The politics impact the economy… Iraq’s currency is, by many astute accounts, “grossly undervalued”. A basic definition of currency? It is a promissory note on the underlying economy of the country. I am assuming any governing body with say in this matter is going to refrain until the results are final and a government transition is made or is being made. Just my thinking. How is this formation coming along? There are now two main groups competing for the chance to form the next GOI…
8-31-2018 Intel Gurus Frank26 and Delta Iraq new 500-dinar note with Kurdish confirmed. [SO WHY CBI IS GOING TO INTRODUCE MORE 500...IF ALREADY DID A LOT OF THEM ON 2016.] CAUSE THE NEWER ONES HAVE THE SECURITY FEATURES ON THEM VERSES THE OLD ONES AND...TO TRACK EVERY DINAR IN THE WORLD. (big grin)
8-31-2018 Newshound Guru Don961 Article: "Advisor To The Prime Minister For Finance To Imn: Iraq's Financial Coffers Increased To $ 58 Billion" Quote: "monetary policy more transparent than fiscal policy," noting that "the economy's economy created a convergence between the financial and monetary policies." Hmmm...converging of financial and monetary policies hey Mr. Saleh...what are you trying to tell us...is converging exchange rates next?
8-31-2018 Newshound Guru MilitiaMan Quote: "...We welcome the existence of any cooperation between us and neighboring countries in the field of local currencies..." ...in fact it is a kind gesture to be so considerate at this juncture, as to almost tip his hand on what is effectively going to happen in the short term. If there were not a need to mention currencies, why do so? He wouldn't, he would if there is an all likelihood a big change or differential in currencies to come and soon, that is why.. Imo..
8-31-2018 Newshound Guru Adam Montana [When the elections will be really over? And the new PM will be announce? They are dragging and dragging the process.] Actually, they are moving faster than they have in previous situations. I'm optimistic over their constant improvements in their political processes - it would have been nice to cash in already, but it would not be nice to have them not making improvements. Patience and a little bit of faith... sometimes both come in handy.
8-31-2018 Newshound Guru Don961 Article: "Dagher: $ 58.7 billion in Iraq's hard currency reserves and 89 tons of gold" Quote: "...And the deletion of the three zeros of the Iraqi currency, he replied Dagher that "this issue purely technical and has nothing to do with the rise or fall of prices, and we are in the form of coins in our future projects, although it is high cost, but it is longer in circulation..." cool...telling the citizens and the world , deleting the 3 zeroes ain't no thang...doesn't reduce purchasing power or cause inflation in market prices...merely a technicality just replacing the big notes with more manageable numbers to use in the marketplace...and adding coins ...even though they cost more to mint...they will last longer in circulation...imo.
8-31-2018 Intel Guru Bruce [via Pinkroses] ...what is going on in Iraq...there is a super freighter...full of goods from China...They are waiting for the Bill of Lading...in conjunction of payment coming from newly revalued new Iraqi dinar at midnight...Friday night. The other thing we are hearing that the new Qi cards have been issued throughout the citizens of Iraq. Those will be activated on Tuesday. They will be available to be utilized and paid the oil revenues that are paid to the citizens, a certain percentage. I believe those payments will be available after those cards are activated which will be September 5th, Wednesday. ...The 1st is...Saturday and we are hearing we supposed to wrap this thing up at the end of the month which is tomorrow [Friday]. It is still quite possible that will happen... there is an off chance, possibility that we could get started over the weekend. We are right down to the wire.
8-31-2018 Newshound/Intel Guru BGG Where are we with this investment? ...Here are some thoughts on the current situation... So many say the politics don’t matter to the currency. This isn’t exactly accurate. The politics impact the economy… Iraq’s currency is, by many astute accounts, “grossly undervalued”. A basic definition of currency? It is a promissory note on the underlying economy of the country. I am assuming any governing body with say in this matter is going to refrain until the results are final and a government transition is made or is being made. Just my thinking. How is this formation coming along? There are now two main groups competing for the chance to form the next GOI…
8-30-2018 Newshound Guru Bloodloch With the larger 4 axis alliances of Saron (Sadr), Victory (Abadi), Wisdom (Hakim), and National (Allawi) totaling 136 seats BEFORE adding in the 2 largest Kurd alliances -- and the 2 opposing axis of Ameri and Malaki totaling 131 AFTER adding in an ALL Kurdish alliances, which is unlikely -- the Ameri and Maliki axis would still need to run the board of almost all remaining alliances to gain the 165 needed for control of government formation. The Kurds are wielding great influence right now and are likely playing brinksmanship to get a larger piece of pie at the table, or at least the 17% of the HCL they were Constitutionally promised. [post 2 of 2]
8-30-2018 Newshound Guru Bloodloch ...the Kurds would never join with Ameri and Malaki, but even if every single Kurd faction joined them, they would have just 131 seats give or take a seat after the recount, leaving them 34 seats short of the 165 they would need to dictate the formation of the new government. And while there are some Iran-friendly factions, it's also hard to imagine that Najafi would throw his 14 seats their way. [post 1 of 2....stay tuned]
8-30-2018 Intel Guru Frank26 ANOTHER COLOSSAL LEAK ...BUT THIS TIME FROM ...ABADI!!!...THAT IS A FIRST ...IMO...HE TELLS THE CITIZENS AS THE GLOBAL INVESTING COMMUNITY WATCHES ...THAT HE IS GOING TO DO MANY THINGS FOR IRAQ AND CITIZENS ...THEN!!!...HE TELLS THE GLOBAL INVESTING WORLD THAT HE ALSO WELCOMES THEM AND WILL USE OUR IRAQ'S DINAR... CURRENCY...WITH THEM!!!...BUT RIGHT NOW THEY CAN NOT...LOL...HE IS TELEGRAPHING TO THEM THAT SOON THE DINAR CURRENCY WILL BE...WAIT FOR IT...WAIT LOL...INTERNATIONAL!!!
8-30-2018 Newshound Guru Currency365 Iraq has no option but release small notes & release purchasing power or Iran will bankrupt them with fake IQD cause Iran needs USD badly to survive...Trump set Nov 4th as the date all Allies must stop oil imports to Iran...IRAQ MUST PROTECT THEMSELVES & THEIR ECONOMY...
8-30-2018 Newshound/Intel Guru BGG [reference Guru Kaperoni post 8-29-2018, "In typical Iraqi fashion...] The new GOI being formed matters. Our main difference – I am more optimistic on the GOI formation timeline.
8-30-2018 Newshound/Intel Guru Mnt Goat ...The new government is to begin on September 6th with the first session of parliament. ...The news at this time could not get any better (except maybe telling us the RV is happening...lol ...I can assure everyone without a shadow of a doubt that the RV is NOT going to occur until we hear some solid news from the CBI on this effort...Since April the CBI has told us they are putting the “project to delete the zeros” “on hold” until AFTER the elections. So on Sept 6th it will be officially AFTER the elections. But this does not mean the CBI is going to jump all of a sudden and trigger the RV. ...They are NOT going to do this event without warning the citizens first and educating them on the new bills and coins. ...I am told that this event will be huge and circulated through the entire Iraq and that we can’t miss the articles. So we sit, relax and just let them do their business. When it is time we will know.
8-30-2018 Newshound Guru Bloodloch Article quote: "A senior Kurdish delegation is to visit the capital Baghdad for talks that have been described as decisive and may lead to the formation of the new Iraqi government." Despite the clarions of doom saying it will take months to form the new Iraqi government, I believe it will happen in relatively short time frame. The push from USA conflicts with the Iraqi's natural and very human tendency to resist being pushed around, but in the end, it will all work itself out. There is a lot of economic pressure to get this done and light this candle. Let's see what Friday brings in Baghdad.
8-30-2018 Newshound Guru chattels The CBI announces everyday the Market rate on its site, its called the ”Dollars Exchange Rate in Baghdad Markets “ and it shows perfect compliance since June. ...the CBI according to this report met 2% compliance on March 14 2018 and and has been able to maintain it to date. So good news. Many of us we unaware of the posting at the CBI and have been watching news reports.
[Side Note: The latest CBI reported market rate can always be found on the left side of this page...the last CBI update shows the market rate of 1206 as of 8-30-2018...this is within the 2% rule.]
8-30-2018 Newshound Guru Bloodloch ...the Kurds would never join with Ameri and Malaki, but even if every single Kurd faction joined them, they would have just 131 seats give or take a seat after the recount, leaving them 34 seats short of the 165 they would need to dictate the formation of the new government. And while there are some Iran-friendly factions, it's also hard to imagine that Najafi would throw his 14 seats their way. [post 1 of 2....stay tuned]
8-30-2018 Intel Guru Frank26 ANOTHER COLOSSAL LEAK ...BUT THIS TIME FROM ...ABADI!!!...THAT IS A FIRST ...IMO...HE TELLS THE CITIZENS AS THE GLOBAL INVESTING COMMUNITY WATCHES ...THAT HE IS GOING TO DO MANY THINGS FOR IRAQ AND CITIZENS ...THEN!!!...HE TELLS THE GLOBAL INVESTING WORLD THAT HE ALSO WELCOMES THEM AND WILL USE OUR IRAQ'S DINAR... CURRENCY...WITH THEM!!!...BUT RIGHT NOW THEY CAN NOT...LOL...HE IS TELEGRAPHING TO THEM THAT SOON THE DINAR CURRENCY WILL BE...WAIT FOR IT...WAIT LOL...INTERNATIONAL!!!
8-30-2018 Newshound Guru Currency365 Iraq has no option but release small notes & release purchasing power or Iran will bankrupt them with fake IQD cause Iran needs USD badly to survive...Trump set Nov 4th as the date all Allies must stop oil imports to Iran...IRAQ MUST PROTECT THEMSELVES & THEIR ECONOMY...
8-30-2018 Newshound/Intel Guru BGG [reference Guru Kaperoni post 8-29-2018, "In typical Iraqi fashion...] The new GOI being formed matters. Our main difference – I am more optimistic on the GOI formation timeline.
8-30-2018 Newshound/Intel Guru Mnt Goat ...The new government is to begin on September 6th with the first session of parliament. ...The news at this time could not get any better (except maybe telling us the RV is happening...lol ...I can assure everyone without a shadow of a doubt that the RV is NOT going to occur until we hear some solid news from the CBI on this effort...Since April the CBI has told us they are putting the “project to delete the zeros” “on hold” until AFTER the elections. So on Sept 6th it will be officially AFTER the elections. But this does not mean the CBI is going to jump all of a sudden and trigger the RV. ...They are NOT going to do this event without warning the citizens first and educating them on the new bills and coins. ...I am told that this event will be huge and circulated through the entire Iraq and that we can’t miss the articles. So we sit, relax and just let them do their business. When it is time we will know.
8-30-2018 Newshound Guru Bloodloch Article quote: "A senior Kurdish delegation is to visit the capital Baghdad for talks that have been described as decisive and may lead to the formation of the new Iraqi government." Despite the clarions of doom saying it will take months to form the new Iraqi government, I believe it will happen in relatively short time frame. The push from USA conflicts with the Iraqi's natural and very human tendency to resist being pushed around, but in the end, it will all work itself out. There is a lot of economic pressure to get this done and light this candle. Let's see what Friday brings in Baghdad.
8-30-2018 Newshound Guru chattels The CBI announces everyday the Market rate on its site, its called the ”Dollars Exchange Rate in Baghdad Markets “ and it shows perfect compliance since June. ...the CBI according to this report met 2% compliance on March 14 2018 and and has been able to maintain it to date. So good news. Many of us we unaware of the posting at the CBI and have been watching news reports.
[Side Note: The latest CBI reported market rate can always be found on the left side of this page...the last CBI update shows the market rate of 1206 as of 8-30-2018...this is within the 2% rule.]
8-29-2018 Newshound Guru Kaperoni [ I apparently missed something. I thought they had fallen out of compliance this week!] No, there were reports from the media about the spread rising but the auctions had not occurred since last week due to the holiday. That rising spread certainly is a concern. Once the auction started again it appears they are still within compliance based on media reports. But then again none of this is official. The Market Rate spread in Iraq has going down a little bit today so good news after 3 days of currency auctions. Sell 1206 to $1 and buy 1200 to $1. The requirements the IMF puts on Iraq to meet Article VIII compliance can be confusing ...
[Side Note: The latest CBI reported market rate can always be found on the left side of this page...the last CBI update shows the market rate of 1206 as of 8-29-2018...this is within the 2% rule.]
8-29-2018 Intel Guru Bruce …I know everyone out there is sort of tired of this ride. Let’s be honest. We all are…Everybody is ready for this to go. We have been ready. However, this is a process and we know there are a lot of moving parts. Sometimes parts come in that we haven’t considered, we weren’t aware that was something that needed to be done, one more thing, that kind of thing. This has been something that has evolved and moved and it is not easy to track and get all the puzzle pieces. You wonder at times who is really in control of this…We are getting closer and closer to figure out what this process is of release…
8-29-2018 Newshound Guru MilitiaMan ...Keep in mind when Iraq re-instates her currency, it may have a very huge impact on the economies of other countries that may be under duress from various and obvious reasons with their respective currencies. The fall out may be very substantial...and in fact it is a kind gesture to be so considerate at this juncture to almost tip his hand on what is effectively going to happen. If there were not a need to mention currencies, why do so? HE wouldn't, he would as there is in all likelyhood a change to come and soon, that is why.. Imo. [post 2 of 2]
8-29-2018 Newshound Guru MilitiaMan Article: "Summary of the weekly conference of Prime Minister Haider Abadi" So we see Abadi refer to what was required by Al Sistani since 2014 and those goals are and have been achieved. That is not coming from a defeated Prime Minister's point of view. It is coming from the new and welcomed Prime Minister for a Second term, as I see it. It goes on to make a very substantial point to the his people, regional interests and the world. He is making it known that he has the citizens in mind with respect to abiding by sanctions on Iran while at the same time maintaining a respectful stance towards neighboring countries and their currencies. [post 1 of 2....stay tuned]
8-29-2018 Newshound Guru Breitling …Iraq is in a good position. Even with their currency at a tenth of a penny. There is no bad situation here. It simply does not exist. The currency is strong even at a tenth of a penny. They are using it for a purpose at that rate. There is a reason the CBI, the Ministry of Planning, the Ministry of Finance and parliament went to the IMF and said, "Hey, we want to start raising the rate, what do we need to do? What positions do we need to be in?' And they kind of gave them a charter in order to do that. It’s very simple. They haven’t gone off the reservation on that at all... Since I’ve gotten involved in this investment or this opportunity, it has not changed at all…it’s a timing issue and it’s related to the markets…
8-29-2018 Newshound Guru Kaperoni In typical Iraqi fashion...I believe things are now being delayed due to the lack of formation of the government which has direct impact on currency reform, opening the banking system, inviting foreign investment. We also learn from one of our members who contacted the IMF that the Article IV Consultation has been delayed until the formation of the government. And if what we believe is correct - that nothing will occur until after that consultation it seems like we're just have to wait a few more months. And of course all the while keeping a watchful eye on the CBI currency auctions to make sure that they stay in compliance under the IMF requirements for Article VIII acceptance.
8-29-2018 Newshound/Intel Guru Mnt Goat IS ARTICLE 140 NEEDED PRIOR TO THE RV? The news media from Iraq is now saying 140 has to be done based on news that Kurdistan has negotiated this into the election. What did this Article 140 deal mean? Does it mean that it must be “fully” implemented then prior to the RV? No! ...It did NOT say that full implementation would be accomplished right away, thus maybe not before the reinstatement and RV could happen (but maybe before since no one really knows). It did however say that “full” guarantees had to be given that the referendum on this topic, according to the constitution, would have to be drawn up and presented to parliament. A timeline would also be guaranteed. ...Also, the last part of HCL is on this list of needed laws.
8-29-2018 Intel Guru Frank26 IF I COULD GIVE YOU A TITLE FOR THE MONTH OF AUGUST I WOULD CALL IT..."GAME ON"... GOD ONLY KNOWS WHEN THEY WILL RI...BUT THEY ARE TRYING TO TELL YOU...THAT THEY ARE GOING TO...IMO. ...FROM THE 3RD TO THE 10TH WILL BE LOUD ABOUT...JUSTICE AND...ABOUT THE CURRENCY OF IRAQ...SOMETHING'S HAPPENING...AND YOU KNOW IT...WE HAVE NEVER BEEN ON THIS GROUND BEFORE...INDEED...GAME IS ON....
[Side Note: The latest CBI reported market rate can always be found on the left side of this page...the last CBI update shows the market rate of 1206 as of 8-29-2018...this is within the 2% rule.]
8-29-2018 Intel Guru Bruce …I know everyone out there is sort of tired of this ride. Let’s be honest. We all are…Everybody is ready for this to go. We have been ready. However, this is a process and we know there are a lot of moving parts. Sometimes parts come in that we haven’t considered, we weren’t aware that was something that needed to be done, one more thing, that kind of thing. This has been something that has evolved and moved and it is not easy to track and get all the puzzle pieces. You wonder at times who is really in control of this…We are getting closer and closer to figure out what this process is of release…
8-29-2018 Newshound Guru MilitiaMan ...Keep in mind when Iraq re-instates her currency, it may have a very huge impact on the economies of other countries that may be under duress from various and obvious reasons with their respective currencies. The fall out may be very substantial...and in fact it is a kind gesture to be so considerate at this juncture to almost tip his hand on what is effectively going to happen. If there were not a need to mention currencies, why do so? HE wouldn't, he would as there is in all likelyhood a change to come and soon, that is why.. Imo. [post 2 of 2]
8-29-2018 Newshound Guru MilitiaMan Article: "Summary of the weekly conference of Prime Minister Haider Abadi" So we see Abadi refer to what was required by Al Sistani since 2014 and those goals are and have been achieved. That is not coming from a defeated Prime Minister's point of view. It is coming from the new and welcomed Prime Minister for a Second term, as I see it. It goes on to make a very substantial point to the his people, regional interests and the world. He is making it known that he has the citizens in mind with respect to abiding by sanctions on Iran while at the same time maintaining a respectful stance towards neighboring countries and their currencies. [post 1 of 2....stay tuned]
8-29-2018 Newshound Guru Breitling …Iraq is in a good position. Even with their currency at a tenth of a penny. There is no bad situation here. It simply does not exist. The currency is strong even at a tenth of a penny. They are using it for a purpose at that rate. There is a reason the CBI, the Ministry of Planning, the Ministry of Finance and parliament went to the IMF and said, "Hey, we want to start raising the rate, what do we need to do? What positions do we need to be in?' And they kind of gave them a charter in order to do that. It’s very simple. They haven’t gone off the reservation on that at all... Since I’ve gotten involved in this investment or this opportunity, it has not changed at all…it’s a timing issue and it’s related to the markets…
8-29-2018 Newshound Guru Kaperoni In typical Iraqi fashion...I believe things are now being delayed due to the lack of formation of the government which has direct impact on currency reform, opening the banking system, inviting foreign investment. We also learn from one of our members who contacted the IMF that the Article IV Consultation has been delayed until the formation of the government. And if what we believe is correct - that nothing will occur until after that consultation it seems like we're just have to wait a few more months. And of course all the while keeping a watchful eye on the CBI currency auctions to make sure that they stay in compliance under the IMF requirements for Article VIII acceptance.
8-29-2018 Newshound/Intel Guru Mnt Goat IS ARTICLE 140 NEEDED PRIOR TO THE RV? The news media from Iraq is now saying 140 has to be done based on news that Kurdistan has negotiated this into the election. What did this Article 140 deal mean? Does it mean that it must be “fully” implemented then prior to the RV? No! ...It did NOT say that full implementation would be accomplished right away, thus maybe not before the reinstatement and RV could happen (but maybe before since no one really knows). It did however say that “full” guarantees had to be given that the referendum on this topic, according to the constitution, would have to be drawn up and presented to parliament. A timeline would also be guaranteed. ...Also, the last part of HCL is on this list of needed laws.
8-29-2018 Intel Guru Frank26 IF I COULD GIVE YOU A TITLE FOR THE MONTH OF AUGUST I WOULD CALL IT..."GAME ON"... GOD ONLY KNOWS WHEN THEY WILL RI...BUT THEY ARE TRYING TO TELL YOU...THAT THEY ARE GOING TO...IMO. ...FROM THE 3RD TO THE 10TH WILL BE LOUD ABOUT...JUSTICE AND...ABOUT THE CURRENCY OF IRAQ...SOMETHING'S HAPPENING...AND YOU KNOW IT...WE HAVE NEVER BEEN ON THIS GROUND BEFORE...INDEED...GAME IS ON....
8-28-2018 Newshound Guru Adam Montana ...the one thing that is missing, now that the Elections are mostly concluded, is HCL. I know I harp on that a lot, but it's truly the one thing I see that MUST be done in order to have a successful RV.
8-28-2018 Newshound Guru Walkingstick Article: “Legal expert: If the first session of the parliament is not held, the president will set a new date” [Say it ain’t so that Massoum can put off the Sept 3rd date. Am I reading this correctly?] No...he can not... ...The article, is not...referring to Masum...changing the date... But, setting a new date if a quorum is not met.
8-28-2018 Intel Guru Frank26 WS [Guru Walkingstick] brought us Exchange website with 127 countries...they are positioning right now...But once they RI...volume will be volatile...trading will explode...this introducing is for Global Markets! ...when Central Banks saw that...CBI telling Countries it's a form of Declaration of confidence of the IQD! The pairing was not done for nothing! It shows the final stages of the Monetary Reform...The only tool CBI has been using is the Auctions & Art 8 in order to stay + or - 2%...But if they RI they will be given more tools to maintain 2%. Talk within circle of CBI & all Private Banks & understanding is...they will get official nod when to prepare... ALL Banks around the world...every Bank on this planet is connected to the CBI...wow! [post 2 of 2]
8-28-2018 Intel Guru Frank26 [highlights via Clare] Iraq...don't mess up! USA is in control...Don't mess up with Debt or Inflation or Iranian influence on the Auctions or with Debt on the Budget... we will impose Sanctions & Bring in more Military if you do!! ...Pressure to do something NOW! 6-8 banks in Iraq under suspicion of funneling $ to Iran...UST wants them to RI NOW! In so doing, shuts the tool which is, misuse of the CBI Auctions...They are being told STOP THE AUCTIONS which is the definition of the RI of the currency. Abadi & Cabinet are the Executive Branch! They are important to the RI not the Parliament...Sept. 3rd seat GOI & Sept. 5th HCL in effect for Citizens...on cards. [post 1 of 2....stay tuned]
8-28-2018 Newshound Guru Currency365 MAYBE THEY'LL ANNOUNCE IT MONDAY? [Largest Block ?] ...Fuad Masum issued a decree calling the House of Representatives to convene Monday 9-3-18. The session shall be chaired by the oldest member. The decree shall be implemented from the date of its issuance and published in the Official Gazette.
8-28-2018 Newshound/Intel Guru Mnt Goat So today [Monday] we are told that Iraq is supposed to announce the largest bloc and give their line-up of candidates for the needed govt positions. I suspect if they don’t get these votes committed from the KRG to the Sadrist Movement soon this may stall the announcement and they may even go right up to September before they make it. We wait and see how it plays out.
8-28-2018 Intel Guru ADMINBILL So here we are after another weekend with high expectations once again with no RV. Next stop, Labor Day Weekend? Let's see what develops today and through the week...There is absolutely no reason to be down in the dumps...!
8-28-2018 Newshound Guru Breitling ...Do you think the coke and the candy bar are gong to stay at a tenth of a penny? Yeah, then they would be millionaires inside of Iraq. But it’s not. The coke and the candy bar are now going to be worth a US dollar. So they don’t gain like you and I gain. We bet with the US dollar and they did not…Price of real estate, prices of goods and services, the labor force, everything will follow the value. For some reason people confuse that. You and I bought at a tenth of a penny out of a US dollar. So that is where we get our gains... [Post 2 of 2]
8-28-2018 Newshound Guru Breitling We alway get this question, “One day it’s going to revalue in Iraq and all these Iraqis are going to be instant millionaires…” Its’ doesn’t work that way…what happens is that you and I used the US dollar to purchase the currency…at a tenth of a penny. The Iraqi’s were given that currency. So the market inside Iraq reflects that tenth of a penny. In other words if you go down to buy a coke or candy bar…it’s based on an economy based on a tenth of a penny. What do you thinks going to happen when the value of the Iraqi dinar goes up to a buck? [Post 1 of 2 Stay tuned]
8-28-2018 Newshound Guru Kaperoni The media in Iraq is reporting an increase in the spread today [Monday]. Sale of dollar is 1220 to $1 and purchase of dollars is 1210 to $1. It looks like the CBI has fallen out of IMF compliance. Continue to monitor.
[Side Note: The latest CBI reported market rate can always be found on the left side of this page...the last CBI update shows the market rate of 1207 as of 8-28-2018...this is within the 2% rule.]
8-28-2018 Newshound/Intel Guru BGG I am assuming any governing body with say in this matter is going to refrain until the results are final and a government transition is made or is being made. Just my thinking....Short story: I am very encouraged with what we are seeing in the news right now. It’s no guarantee of anything right away – but it looks like some big moves being in the right direction. [post 2 of 2]
8-28-2018 Newshound/Intel Guru BGG Where are we with this investment? It’s something I get asked all the time. So many have been wrong – me included. Here are some thoughts on the current situation that may help some folks. So many say the politics don’t matter to the currency. This isn’t exactly accurate. The politics impact the economy… Iraq’s currency is, by many astute accounts, “grossly undervalued”. A basic definition of currency? It is a promissory note on the underlying economy of the country. [post 1 of 2....stay tuned]
8-28-2018 Newshound Guru Walkingstick Article: “Legal expert: If the first session of the parliament is not held, the president will set a new date” [Say it ain’t so that Massoum can put off the Sept 3rd date. Am I reading this correctly?] No...he can not... ...The article, is not...referring to Masum...changing the date... But, setting a new date if a quorum is not met.
8-28-2018 Intel Guru Frank26 WS [Guru Walkingstick] brought us Exchange website with 127 countries...they are positioning right now...But once they RI...volume will be volatile...trading will explode...this introducing is for Global Markets! ...when Central Banks saw that...CBI telling Countries it's a form of Declaration of confidence of the IQD! The pairing was not done for nothing! It shows the final stages of the Monetary Reform...The only tool CBI has been using is the Auctions & Art 8 in order to stay + or - 2%...But if they RI they will be given more tools to maintain 2%. Talk within circle of CBI & all Private Banks & understanding is...they will get official nod when to prepare... ALL Banks around the world...every Bank on this planet is connected to the CBI...wow! [post 2 of 2]
8-28-2018 Intel Guru Frank26 [highlights via Clare] Iraq...don't mess up! USA is in control...Don't mess up with Debt or Inflation or Iranian influence on the Auctions or with Debt on the Budget... we will impose Sanctions & Bring in more Military if you do!! ...Pressure to do something NOW! 6-8 banks in Iraq under suspicion of funneling $ to Iran...UST wants them to RI NOW! In so doing, shuts the tool which is, misuse of the CBI Auctions...They are being told STOP THE AUCTIONS which is the definition of the RI of the currency. Abadi & Cabinet are the Executive Branch! They are important to the RI not the Parliament...Sept. 3rd seat GOI & Sept. 5th HCL in effect for Citizens...on cards. [post 1 of 2....stay tuned]
8-28-2018 Newshound Guru Currency365 MAYBE THEY'LL ANNOUNCE IT MONDAY? [Largest Block ?] ...Fuad Masum issued a decree calling the House of Representatives to convene Monday 9-3-18. The session shall be chaired by the oldest member. The decree shall be implemented from the date of its issuance and published in the Official Gazette.
8-28-2018 Newshound/Intel Guru Mnt Goat So today [Monday] we are told that Iraq is supposed to announce the largest bloc and give their line-up of candidates for the needed govt positions. I suspect if they don’t get these votes committed from the KRG to the Sadrist Movement soon this may stall the announcement and they may even go right up to September before they make it. We wait and see how it plays out.
8-28-2018 Intel Guru ADMINBILL So here we are after another weekend with high expectations once again with no RV. Next stop, Labor Day Weekend? Let's see what develops today and through the week...There is absolutely no reason to be down in the dumps...!
8-28-2018 Newshound Guru Breitling ...Do you think the coke and the candy bar are gong to stay at a tenth of a penny? Yeah, then they would be millionaires inside of Iraq. But it’s not. The coke and the candy bar are now going to be worth a US dollar. So they don’t gain like you and I gain. We bet with the US dollar and they did not…Price of real estate, prices of goods and services, the labor force, everything will follow the value. For some reason people confuse that. You and I bought at a tenth of a penny out of a US dollar. So that is where we get our gains... [Post 2 of 2]
8-28-2018 Newshound Guru Breitling We alway get this question, “One day it’s going to revalue in Iraq and all these Iraqis are going to be instant millionaires…” Its’ doesn’t work that way…what happens is that you and I used the US dollar to purchase the currency…at a tenth of a penny. The Iraqi’s were given that currency. So the market inside Iraq reflects that tenth of a penny. In other words if you go down to buy a coke or candy bar…it’s based on an economy based on a tenth of a penny. What do you thinks going to happen when the value of the Iraqi dinar goes up to a buck? [Post 1 of 2 Stay tuned]
8-28-2018 Newshound Guru Kaperoni The media in Iraq is reporting an increase in the spread today [Monday]. Sale of dollar is 1220 to $1 and purchase of dollars is 1210 to $1. It looks like the CBI has fallen out of IMF compliance. Continue to monitor.
[Side Note: The latest CBI reported market rate can always be found on the left side of this page...the last CBI update shows the market rate of 1207 as of 8-28-2018...this is within the 2% rule.]
8-28-2018 Newshound/Intel Guru BGG I am assuming any governing body with say in this matter is going to refrain until the results are final and a government transition is made or is being made. Just my thinking....Short story: I am very encouraged with what we are seeing in the news right now. It’s no guarantee of anything right away – but it looks like some big moves being in the right direction. [post 2 of 2]
8-28-2018 Newshound/Intel Guru BGG Where are we with this investment? It’s something I get asked all the time. So many have been wrong – me included. Here are some thoughts on the current situation that may help some folks. So many say the politics don’t matter to the currency. This isn’t exactly accurate. The politics impact the economy… Iraq’s currency is, by many astute accounts, “grossly undervalued”. A basic definition of currency? It is a promissory note on the underlying economy of the country. [post 1 of 2....stay tuned]
8-27-2018 Newshound Guru Walkingstick [If they fall out of 2% compliance do they have to go another 90 Days?] No...In a nut shell...It is an issue. [Guru] Deltas response is accurate, due.. to the fact, the 2% compliance can easily spiral out of control... due to the CBI's continued use of the auction, as a tool/ their limitation of use of the tools available, that can be utilized to reel in or maintain the +/- 2% compliance... [reference Guru Delta's post 8-27-2018]
8-27-2018 Intel Guru Delta FROM CBI WEBSITE...IQD EXCHANGE RATE IN IRAQI MARKET...27-Aug...1212...1207...IN THE BORDER...BUT STILL OK ...CBI HAVE TO MAKE A MOVE ASA.
[Side Note: You can always see the CBI official dinar exchange rate and the CBI reported market rate of the dinar on the left of this site.]
8-27-2018 Newshound Guru Kaperoni So on Sunday the CBI started the auctions again. The media is reporting a market rate of 1210 to $1. This is still within compliance if correct.
[Side Note: You can always see the CBI official dinar exchange rate and the CBI reported market rate of the dinar on the left of this site.]
8-27-2018 Newshound Guru Bloodloch Left out of the mix and likely out of any significant decision-making authority in the formation of the new government -- Conquest Alliance (Iranian Proxy al-Ameri - 48 seats) and State of Law (former Prime Minister Maliki - 25 seats) [post 2 of 2]
8-27-2018 Newshound Guru Bloodloch Keeping Score: The four alliances attending meeting -- Saron (Sadr), Victory (Abadi), Wisdom (Hakim), and National (Allawi) -- total 136 seats in the new parliament. The hosting alliance -- Kurdistan Democratic Party (Barzani) -- has 25 seats in their pocket, for a total of 161 seats should these five alliances join forces. Only 4 more seats needed to win, from either of the two remaining big blocs -- Decision Alliance (Sunni - 14 seats) or Patriotic Union of Kurdistan (PUK - 18 seats) -- or some combination of other small 1 to 6 seat alliances floating around. [post 1 of 2....stay tuned]
8-27-2018 Newshound/Intel Guru Mnt Goat I have just talked to the CBI and I can assure you the reinstatement and RV is not happening next week. They still have to complete a massive re-education campaign for the citizens and this has not yet begun. In fact, they could not even give me a target date yet for it. ...We must first wait for this ongoing election sage to settle down.
8-27-2018 Guest Guru BobTheTaxMan ...The second one we have to do is called IRS code 1256. It has to do with people who are specifically in the FOREX trading world...You bought something and you’re going ot sell it. That’s the whole purpose, welcome to the world of FOREX…One of the things that it does offer is 60% of the gain will be treated as long term capital gains and 40% will be treated as short term…also known as ordinary income. That is what’s so attractive to it. BUT you actually have to be in the FOREX trading world in order for that to be applicable to you. It’s not applicable. Are these the only options available? Yep, pretty much…Quite frankly I don’t want to get involved with the IRS and have them breathing down my neck and neither do you. Let’s just stick to the rules…there are other way to go about this to make it non-taxable... [post 3 of 3]
{IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
2-27-2018 Newshound Guru Kaperoni …Iran is pumping fake dinar into the market to lower the dinar exchange rate in hopes the CBI then pumps more dollars (which they can smuggle back to Iran). This is similar to what was done in 2013. None of the numbers in the media are official but the CBI does have to provide a sworn quarterly report that includes daily market rates to the IMF so they will eventually know. Starting over to meet compliance is something none of us want to see but may be a reality…The 2% spread is calculated by the IMF using the following formula Official Rate + commissions x .02 = 1214 or less. There are numerous IMF documents over the years that report the spread that can be used to determine this formula…
8-27-2018 Guest Guru BobTheTaxMan ...988 when they talk about any kind of capital gains…it is in reference to an incidental for travel for the most part or if there is a bank transaction…and there’s a little bit of currency exchange at that point in time. It’s still a fixed date in time and that does have some kind of implement to capital gains. But NOT over $200. It’s not something that’s for us as holding the money, investors that this is going to be applicable to. It does not matter. So anyone who brings up 988…don’t pay any attention to it. It doesn’t make any difference. It’s already been tested and gone over for years now... [Post 2 of 3]
{IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
8-27-2018 Guest Guru BobTheTaxMan We have people sending in inquiries about 988…I’ve researched that heavily. IRS Code 988. It really boils down to simplicity of things ok? First of all 988 covers a multiple of things. The only way it can be interpreted the way to serve capital gains is incidental…As long as you’re holding dinar as a investment you do not have a set time that you are going to evaluate the value of it. You don’t. You’re hanging onto it. Therefore it will not be considered capital gains because you do not have a purchase date, start date, end date. It is strictly ordinary income. [Post 1 of 3] {IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
8-27-2018 Newshound Guru Kaperoni Still no consensus by the political parties on the largest Bloc to despite advertising in the media that they would have it done... I believe they're still about 30 seats short.
8-27-2018 Intel Guru Delta FROM CBI WEBSITE...IQD EXCHANGE RATE IN IRAQI MARKET...27-Aug...1212...1207...IN THE BORDER...BUT STILL OK ...CBI HAVE TO MAKE A MOVE ASA.
[Side Note: You can always see the CBI official dinar exchange rate and the CBI reported market rate of the dinar on the left of this site.]
8-27-2018 Newshound Guru Kaperoni So on Sunday the CBI started the auctions again. The media is reporting a market rate of 1210 to $1. This is still within compliance if correct.
[Side Note: You can always see the CBI official dinar exchange rate and the CBI reported market rate of the dinar on the left of this site.]
8-27-2018 Newshound Guru Bloodloch Left out of the mix and likely out of any significant decision-making authority in the formation of the new government -- Conquest Alliance (Iranian Proxy al-Ameri - 48 seats) and State of Law (former Prime Minister Maliki - 25 seats) [post 2 of 2]
8-27-2018 Newshound Guru Bloodloch Keeping Score: The four alliances attending meeting -- Saron (Sadr), Victory (Abadi), Wisdom (Hakim), and National (Allawi) -- total 136 seats in the new parliament. The hosting alliance -- Kurdistan Democratic Party (Barzani) -- has 25 seats in their pocket, for a total of 161 seats should these five alliances join forces. Only 4 more seats needed to win, from either of the two remaining big blocs -- Decision Alliance (Sunni - 14 seats) or Patriotic Union of Kurdistan (PUK - 18 seats) -- or some combination of other small 1 to 6 seat alliances floating around. [post 1 of 2....stay tuned]
8-27-2018 Newshound/Intel Guru Mnt Goat I have just talked to the CBI and I can assure you the reinstatement and RV is not happening next week. They still have to complete a massive re-education campaign for the citizens and this has not yet begun. In fact, they could not even give me a target date yet for it. ...We must first wait for this ongoing election sage to settle down.
8-27-2018 Guest Guru BobTheTaxMan ...The second one we have to do is called IRS code 1256. It has to do with people who are specifically in the FOREX trading world...You bought something and you’re going ot sell it. That’s the whole purpose, welcome to the world of FOREX…One of the things that it does offer is 60% of the gain will be treated as long term capital gains and 40% will be treated as short term…also known as ordinary income. That is what’s so attractive to it. BUT you actually have to be in the FOREX trading world in order for that to be applicable to you. It’s not applicable. Are these the only options available? Yep, pretty much…Quite frankly I don’t want to get involved with the IRS and have them breathing down my neck and neither do you. Let’s just stick to the rules…there are other way to go about this to make it non-taxable... [post 3 of 3]
{IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
2-27-2018 Newshound Guru Kaperoni …Iran is pumping fake dinar into the market to lower the dinar exchange rate in hopes the CBI then pumps more dollars (which they can smuggle back to Iran). This is similar to what was done in 2013. None of the numbers in the media are official but the CBI does have to provide a sworn quarterly report that includes daily market rates to the IMF so they will eventually know. Starting over to meet compliance is something none of us want to see but may be a reality…The 2% spread is calculated by the IMF using the following formula Official Rate + commissions x .02 = 1214 or less. There are numerous IMF documents over the years that report the spread that can be used to determine this formula…
8-27-2018 Guest Guru BobTheTaxMan ...988 when they talk about any kind of capital gains…it is in reference to an incidental for travel for the most part or if there is a bank transaction…and there’s a little bit of currency exchange at that point in time. It’s still a fixed date in time and that does have some kind of implement to capital gains. But NOT over $200. It’s not something that’s for us as holding the money, investors that this is going to be applicable to. It does not matter. So anyone who brings up 988…don’t pay any attention to it. It doesn’t make any difference. It’s already been tested and gone over for years now... [Post 2 of 3]
{IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
8-27-2018 Guest Guru BobTheTaxMan We have people sending in inquiries about 988…I’ve researched that heavily. IRS Code 988. It really boils down to simplicity of things ok? First of all 988 covers a multiple of things. The only way it can be interpreted the way to serve capital gains is incidental…As long as you’re holding dinar as a investment you do not have a set time that you are going to evaluate the value of it. You don’t. You’re hanging onto it. Therefore it will not be considered capital gains because you do not have a purchase date, start date, end date. It is strictly ordinary income. [Post 1 of 3] {IMPORTANT NOTE: Anything you read here is for informational purposes ONLY and not financial advice. At the appropriate time speak to 6 financial and tax advisers and select the ones you feel are the best fit for your situation.}
8-27-2018 Newshound Guru Kaperoni Still no consensus by the political parties on the largest Bloc to despite advertising in the media that they would have it done... I believe they're still about 30 seats short.
8-26-2018 Newshound Guru MilitiaMan RE: Exchange Rates: ...they are Paring the IQD with Global Currencies. They are not just local or regional ones they are paring with the USD, AUD, CND, JPY, BP, etc.. This site is a reputable site out of the UK. ...They are showing their patrons that they are going to have quotes for the IQD. Well once they change the rate from a program rate the game changes and in a big way, imo.. We have been told that the IQD would go Global... Well here is a venue that supports that they are about to do so. ~ imo ~
https://www.exchangerates.org.uk/Iraqi-Dinar-IQD-currency-table.html
8-26-2018 Newshound Guru Kaperoni The truth is the CBI will float the currency and allow it to appreciate gradually as investment comes into the country. Once they make that decision it could take 6 months to a year to get to a level that we are all excited about. We have documented this for years...
8-26-2018 Newshound Guru Currency365 "The Iraqi Islamic Party announced Saturday its support for the nomination of Haider al-Abadi for a second term at the head of the next government." ...looks like @HaiderAlAbadi got an endorsement...
8-26-2018 Newshound/Intel Guru BGG Article: "After Abadi, Maliki and Fayyad, Maasoum met with Amiri on the largest bloc" The only thing you can be certain of, from this article – is that everyone is meeting with everyone in Iraq. Massoum met with Abadi…then with Ameri…then with Faleh al-Fayadh (national security advisor to Abadi)…and at some point he met with Maliki…None of which means all that much. Massoum mainly has a direct hand in the timeline. He establishes the first meeting of Parliament which is a marker for the formation of the new GOI. The most curious wording was that Abadi’s main thrust was just to get it moving. He and Sadr seem confident they have the biggest bloc – else why push for this quick formation?
https://www.exchangerates.org.uk/Iraqi-Dinar-IQD-currency-table.html
8-26-2018 Newshound Guru Kaperoni The truth is the CBI will float the currency and allow it to appreciate gradually as investment comes into the country. Once they make that decision it could take 6 months to a year to get to a level that we are all excited about. We have documented this for years...
8-26-2018 Newshound Guru Currency365 "The Iraqi Islamic Party announced Saturday its support for the nomination of Haider al-Abadi for a second term at the head of the next government." ...looks like @HaiderAlAbadi got an endorsement...
8-26-2018 Newshound/Intel Guru BGG Article: "After Abadi, Maliki and Fayyad, Maasoum met with Amiri on the largest bloc" The only thing you can be certain of, from this article – is that everyone is meeting with everyone in Iraq. Massoum met with Abadi…then with Ameri…then with Faleh al-Fayadh (national security advisor to Abadi)…and at some point he met with Maliki…None of which means all that much. Massoum mainly has a direct hand in the timeline. He establishes the first meeting of Parliament which is a marker for the formation of the new GOI. The most curious wording was that Abadi’s main thrust was just to get it moving. He and Sadr seem confident they have the biggest bloc – else why push for this quick formation?
8-25-2018 Newshound Guru Kaperoni The truth is the CBI will float the currency and allow it to appreciate gradually as investment comes into the country. [When please?] I expected [expect it?] yet this year.
8-25-2018 Newshound/Intel Guru MntGoat Article quote: "The Iranian strategy is to inject a large, counterfeit Iraqi currency into Iraqi markets and push for increased demand for the US dollar by local traders." Why is this so important to us and the RV? ...BECAUSE THIS WILL INCREASE THE DEMAND FOR THE US DOLLAR, THUS DRIVE DOWN THE RATE OF THE DINAR...This will bring Iraq into non-compliance by the IMF for the MCP practices. I told everyone that these new sanctions were going to cause havoc in Iraq and will be the next reason to stall the RV...The answer to the problem? Reinstate the dinar, get off the peg to the dollar and re-peg to the SDR basket of currencies. Use the dinar to conduct business. Issue the new lower category notes thus redenominate. Outlaw the use of the dollar in Iraq.
8-25-2018 Newshound Guru Breitling …This is a no risk zone…people are saying that, “oh my god it’s at a tenth of a penny it must be high risk currency or there’s something wrong.” No. There’s nothing wrong. They [CBI/Iraq] are using it [dinar] like they need to use it. The question is for you and me is, Is there a window when they start adding value to it? And how and why? And that’s what we’re following…People are stuck on a tenth of a penny and somehow that rate makes it a risk. That’s not a risk for you and me. That’s a huge advantage…We’re using the US dollar to get that currency…
8-25-2018 Newshound Guru Adam Montana [Do you think the IMF has to give the nod to an RV?] Of course - the IMF isn't going to hold them back when they choose to RV. We've seen the IMF stay very silent on Iraq once the restrictions were lifted several years ago. If the IMF was going to try to block anything, they would be very outspoken about it and we'd all know it was time to pack our bags and find another subject to keep our interest... that is not the case.
8-25-2018 Newshound/Intel Guru MntGoat Article quote: "The Iranian strategy is to inject a large, counterfeit Iraqi currency into Iraqi markets and push for increased demand for the US dollar by local traders." Why is this so important to us and the RV? ...BECAUSE THIS WILL INCREASE THE DEMAND FOR THE US DOLLAR, THUS DRIVE DOWN THE RATE OF THE DINAR...This will bring Iraq into non-compliance by the IMF for the MCP practices. I told everyone that these new sanctions were going to cause havoc in Iraq and will be the next reason to stall the RV...The answer to the problem? Reinstate the dinar, get off the peg to the dollar and re-peg to the SDR basket of currencies. Use the dinar to conduct business. Issue the new lower category notes thus redenominate. Outlaw the use of the dollar in Iraq.
8-25-2018 Newshound Guru Breitling …This is a no risk zone…people are saying that, “oh my god it’s at a tenth of a penny it must be high risk currency or there’s something wrong.” No. There’s nothing wrong. They [CBI/Iraq] are using it [dinar] like they need to use it. The question is for you and me is, Is there a window when they start adding value to it? And how and why? And that’s what we’re following…People are stuck on a tenth of a penny and somehow that rate makes it a risk. That’s not a risk for you and me. That’s a huge advantage…We’re using the US dollar to get that currency…
8-25-2018 Newshound Guru Adam Montana [Do you think the IMF has to give the nod to an RV?] Of course - the IMF isn't going to hold them back when they choose to RV. We've seen the IMF stay very silent on Iraq once the restrictions were lifted several years ago. If the IMF was going to try to block anything, they would be very outspoken about it and we'd all know it was time to pack our bags and find another subject to keep our interest... that is not the case.
8-24-2018 Newshound Guru RayRen98 Announcements in Iraq indicating that after the EID holiday, there will be a surprise for all of the people of Iraq coming from the largest block that is currently being formed. Iraqi TV is explaining to the citizens how to use their smart phones for banking needs and sharing how to make deposits via ATM's and other advantages for using the ATM.
8-24-2018 Newshound/Intel Guru Mnt Goat So we are still being told the negotiations with the Kurdistan parties will be completed by the end of Eid al-Adha holiday on Aug 25th. And the announcements of the new government will be made at this time. So I expect it sometime this weekend. We are hearing the new FIRST session of parliament to swear in the new members and establish the new speaker will take place (or targeted to take place) on Tuesday Aug 28th.
8-24-2018 Intel Guru Bruce We don’t get a whole lot information on the dong, but it is going to come out at a better than we thought rate. It also maybe will be traded up higher. ...Everything is moving which we think is too slowly, there is a lot of stuff happening behind the scenes. I am excited about where we are. I know our rates are going to be great...Let’s see what happens. Monday should be a cool day because Iraq should have their rate out by then. At least that is what we think... [post 2 of 2]
8-24-2018 Intel Guru Bruce We talked about the Iraqi dinar being “seen” on the Iraqi stock exchange, the ISX. The commodities and so on that are being traded are being valued in dinar at a rate of about $3.84. Now, what we understand is [to] come...at 8am this coming Monday Iraqi time which is EST at midnight...this Sunday night...we are hearing that rate should come out officially at something that is more than double that. I am not going to give you the exact rate, but just know it is over twice what I just said. ...That is a major move even though to be completely honest...that rate will go up. After several trading sessions it will continue to work its way higher... [post 1 of 2....stay tuned]
8-24-2018 Newshound/Intel Guru Mnt Goat As we wait for a decision by the CBI on the reinstatement of the dinar, we are witnessing more and more pressure from Iran to conduct business with Iraq in spite of the sanctions. They are now even attempting to drive down the rate of the dinar by smuggling counterfeit US dollars over the border, thus weakening the dinar. This is economic war...
8-24-2018 Intel Guru ADMINBILL TODAY'S NEWS IS EXTRAORDINARILY GREAT. I AM NOT AT LIBERTY TO SHARE BUT I CAN'T HELP LETTING YOU KNOW THAT YOU ARE IN A STERLING PLACE TODAY SO DON'T WORRY, BE HAPPY. IT APPEARS THIS MAY BE A GREAT TIMES TO GET YOUR DUCKS IN A ROW.
8-24-2018 Newshound Guru Kaperoni Today's [Thursday's] market rate / Street rate was reported at 1217 to $1. Again this is unofficial cuz the CBI has not held auctions past few days due to the holiday so we'll have to wait and see when they begin again if they are in compliance or not. 1217 though it's technically not in compliance within the 2%. [Side Note: You can always find the latest CBI reported market rate in left column of this page.]
8-24-2018 Newshound Guru Breitling ...It’s the people who put this stuff out. What we [the United States] did was injected 2 billion worth of US dollars into Iraq’s economy and then we did the shock and awe. It’s always been controlled. The economy took a hit because we totally destroyed their infrastructure. But what kept it afloat was the US dollar…The currency itself has never been a high risk. It’s artificial inflation. It’s not market driven inflation…it’s an artificial rate. It’s an advantage for them to do it [the artificial rate]. They can’t do it forever. [Post 2 of 2]
8-24-2018 Newshound Guru Breitling The value of the Iraqi dinar is based on oil. So at it’s highest peak I believe it was at $3.25. That comes from the ex-general who put out the new currency that you and I have…Their goal…is to get back to $3.25 and these are the guys stating they wanted to get down to a billion notes to get it back to $3.25. That’s where it came from. It didn’t come from someone who just made up the numbers or anything like that. [Post 1 of 2]
8-24-2018 Newshound/Intel Guru Mnt Goat So we are still being told the negotiations with the Kurdistan parties will be completed by the end of Eid al-Adha holiday on Aug 25th. And the announcements of the new government will be made at this time. So I expect it sometime this weekend. We are hearing the new FIRST session of parliament to swear in the new members and establish the new speaker will take place (or targeted to take place) on Tuesday Aug 28th.
8-24-2018 Intel Guru Bruce We don’t get a whole lot information on the dong, but it is going to come out at a better than we thought rate. It also maybe will be traded up higher. ...Everything is moving which we think is too slowly, there is a lot of stuff happening behind the scenes. I am excited about where we are. I know our rates are going to be great...Let’s see what happens. Monday should be a cool day because Iraq should have their rate out by then. At least that is what we think... [post 2 of 2]
8-24-2018 Intel Guru Bruce We talked about the Iraqi dinar being “seen” on the Iraqi stock exchange, the ISX. The commodities and so on that are being traded are being valued in dinar at a rate of about $3.84. Now, what we understand is [to] come...at 8am this coming Monday Iraqi time which is EST at midnight...this Sunday night...we are hearing that rate should come out officially at something that is more than double that. I am not going to give you the exact rate, but just know it is over twice what I just said. ...That is a major move even though to be completely honest...that rate will go up. After several trading sessions it will continue to work its way higher... [post 1 of 2....stay tuned]
8-24-2018 Newshound/Intel Guru Mnt Goat As we wait for a decision by the CBI on the reinstatement of the dinar, we are witnessing more and more pressure from Iran to conduct business with Iraq in spite of the sanctions. They are now even attempting to drive down the rate of the dinar by smuggling counterfeit US dollars over the border, thus weakening the dinar. This is economic war...
8-24-2018 Intel Guru ADMINBILL TODAY'S NEWS IS EXTRAORDINARILY GREAT. I AM NOT AT LIBERTY TO SHARE BUT I CAN'T HELP LETTING YOU KNOW THAT YOU ARE IN A STERLING PLACE TODAY SO DON'T WORRY, BE HAPPY. IT APPEARS THIS MAY BE A GREAT TIMES TO GET YOUR DUCKS IN A ROW.
8-24-2018 Newshound Guru Kaperoni Today's [Thursday's] market rate / Street rate was reported at 1217 to $1. Again this is unofficial cuz the CBI has not held auctions past few days due to the holiday so we'll have to wait and see when they begin again if they are in compliance or not. 1217 though it's technically not in compliance within the 2%. [Side Note: You can always find the latest CBI reported market rate in left column of this page.]
8-24-2018 Newshound Guru Breitling ...It’s the people who put this stuff out. What we [the United States] did was injected 2 billion worth of US dollars into Iraq’s economy and then we did the shock and awe. It’s always been controlled. The economy took a hit because we totally destroyed their infrastructure. But what kept it afloat was the US dollar…The currency itself has never been a high risk. It’s artificial inflation. It’s not market driven inflation…it’s an artificial rate. It’s an advantage for them to do it [the artificial rate]. They can’t do it forever. [Post 2 of 2]
8-24-2018 Newshound Guru Breitling The value of the Iraqi dinar is based on oil. So at it’s highest peak I believe it was at $3.25. That comes from the ex-general who put out the new currency that you and I have…Their goal…is to get back to $3.25 and these are the guys stating they wanted to get down to a billion notes to get it back to $3.25. That’s where it came from. It didn’t come from someone who just made up the numbers or anything like that. [Post 1 of 2]
8-23-2018 Newshound Guru Currency365 People still saying citizens wont see wealth from RV because they only get purchasing power BUT many citizens purchased dinar with USD & stashed away millions of IQD & will not bring them in until the RV. Also Citizens will receive monthly Oil Revenue and ALL the Oil back pay.
8-23-2018 Newshound Guru Don961 imo...news is slow this week while the country celebrates Eid...many sites stop posting articles completely...others that continue offer little except for articles about endless political meetings and conflicting opinions about alliances, who is aligning with who, who's holding out for better deals, etc. to get the majority bloc...bottom line, results won't be given until after Eid...they are under pressure to get it done...so we'll see what shakes out...
8-23-2018 Newshound Guru Adam Montana [...You said in your last update we are in the final stretch and they could do it NOW...] I agree with the premise that we are in "green light" territory. Sunday is the soonest I expect to see any major news... we will see!
8-23-2018 Newshound Guru Breitling …I watch currencies. Either they are in high risk, moderate risk or no risk at all. There are only three categories. The Iraqi dinar is not in the high risk or the moderate risk. They’re in zero risk. People don’t realize that. It’s sort of strange to have conversations with people that they’re thinking there’s something wrong with the currency or it’s teetering back and fourth and it’s not. It’s a stable currency...
8-23-2018 Newshound Guru Adam Montana ...it's holiday in Iraq, nothing will happen today through Saturday. Good news, though! Although it's not "officially official", there are enough reports out to satisfy me that Elections have been approved, which allows MPs (Members of Parliament) to move onto the next stage, which is appointing a President. Once this is done, and that should not be long, that will free them up to work on various little things like... oh, I don't know... HCL! ...this was a long process, but once Holiday is over I am expecting a bit of change in the lull we've been riding through.
8-23-2018 Newshound/Intel Guru Mnt Goat ...The Iraqi dinar is still solely pegged to the US dollar and ONLY to the US Dollar. It is a “de facto” peg meaning temporary peg done in a time of crisis/emergency with Iraq in response to the war. In the future the CBI and the IMF have both told us that the plan is to re-peg the dinar to an SDR basket of 5 currencies (US Dollar, Yuan, British Pound, Yen, Euro)...The FACT is the change over to the new basket will be the driving force for the rate increase in the dinar. Again it is NOT a revaluation but a reinstatement about to take place. Then it will be put on a managed float. [post 2 of 2]
8-23-2018 Newshound/Intel Guru Mnt Goat First let me say the Iraqi dinar is NOT currently on any kind of a FLOAT, managed or otherwise. It is a fixed rate by the Central Bank of Iraq...the definition of a managed float...is when you have millions of investors buying up or selling a currency and driving it up or down. The Iraqi dinar today is not even being traded on the international trading platforms. ...Right now, the dinar is on a fixed program rate set by the CBI and the IMF in October of 2013 during the sanctions. They did this to avoid a total crash of the Iraqi economy post war. [post 1 of 2....stay tuned]
8-23-2018 Newshound Guru ChrisC Article: "An economist reveals the bank's printing of large amounts of currency with small categories to replace them with damage" Think about this real quick. For example, how particularly worthlesss is that 100 denom at the current rate? Why bring these out at the current rate?
It seems there is more to the story as the plot thickens with this and the revealing of the specimen notes. IMHO, I think we’re staring at the end of the Turkmenistan model. I suspect there is a a delicate coordination that needs to be worked out and much communication between several parties to get it on track. Just my 2 cents in consideration of current information...
8-23-2018 Newshound Guru Don961 imo...news is slow this week while the country celebrates Eid...many sites stop posting articles completely...others that continue offer little except for articles about endless political meetings and conflicting opinions about alliances, who is aligning with who, who's holding out for better deals, etc. to get the majority bloc...bottom line, results won't be given until after Eid...they are under pressure to get it done...so we'll see what shakes out...
8-23-2018 Newshound Guru Adam Montana [...You said in your last update we are in the final stretch and they could do it NOW...] I agree with the premise that we are in "green light" territory. Sunday is the soonest I expect to see any major news... we will see!
8-23-2018 Newshound Guru Breitling …I watch currencies. Either they are in high risk, moderate risk or no risk at all. There are only three categories. The Iraqi dinar is not in the high risk or the moderate risk. They’re in zero risk. People don’t realize that. It’s sort of strange to have conversations with people that they’re thinking there’s something wrong with the currency or it’s teetering back and fourth and it’s not. It’s a stable currency...
8-23-2018 Newshound Guru Adam Montana ...it's holiday in Iraq, nothing will happen today through Saturday. Good news, though! Although it's not "officially official", there are enough reports out to satisfy me that Elections have been approved, which allows MPs (Members of Parliament) to move onto the next stage, which is appointing a President. Once this is done, and that should not be long, that will free them up to work on various little things like... oh, I don't know... HCL! ...this was a long process, but once Holiday is over I am expecting a bit of change in the lull we've been riding through.
8-23-2018 Newshound/Intel Guru Mnt Goat ...The Iraqi dinar is still solely pegged to the US dollar and ONLY to the US Dollar. It is a “de facto” peg meaning temporary peg done in a time of crisis/emergency with Iraq in response to the war. In the future the CBI and the IMF have both told us that the plan is to re-peg the dinar to an SDR basket of 5 currencies (US Dollar, Yuan, British Pound, Yen, Euro)...The FACT is the change over to the new basket will be the driving force for the rate increase in the dinar. Again it is NOT a revaluation but a reinstatement about to take place. Then it will be put on a managed float. [post 2 of 2]
8-23-2018 Newshound/Intel Guru Mnt Goat First let me say the Iraqi dinar is NOT currently on any kind of a FLOAT, managed or otherwise. It is a fixed rate by the Central Bank of Iraq...the definition of a managed float...is when you have millions of investors buying up or selling a currency and driving it up or down. The Iraqi dinar today is not even being traded on the international trading platforms. ...Right now, the dinar is on a fixed program rate set by the CBI and the IMF in October of 2013 during the sanctions. They did this to avoid a total crash of the Iraqi economy post war. [post 1 of 2....stay tuned]
8-23-2018 Newshound Guru ChrisC Article: "An economist reveals the bank's printing of large amounts of currency with small categories to replace them with damage" Think about this real quick. For example, how particularly worthlesss is that 100 denom at the current rate? Why bring these out at the current rate?
It seems there is more to the story as the plot thickens with this and the revealing of the specimen notes. IMHO, I think we’re staring at the end of the Turkmenistan model. I suspect there is a a delicate coordination that needs to be worked out and much communication between several parties to get it on track. Just my 2 cents in consideration of current information...
8-22-2018 Newshound Guru Don961 Article: "An economist reveals the bank's printing of large amounts of currency with small categories to replace them with damage" imo...it's just as the article states...the merchants points out about the severe shortage of smaller denomination notes in the marketplace...the existing notes are damaged and need to be replaced...so the CBI is doing that...they just need to convince the banks to receive and replace them...as these notes do get replaced, people will start using them more and more...and introducing even smaller note categories and coins, with higher value, will not be such a shock after having to use all those high 3 zeroes for so long...Also, even the printing of more of these smaller categories shows a shift in monetary policy...they needed to print the higher 3 zeroes because that is what the currency value required for use in the marketplace...there has obviously been a shift in thinking and circumstances...so smaller, 3 zero-less notes will soon be all the rage...
8-22-2018 Newshound Guru Kaperoni [What if the new gov doesn't care for the float?] The government does not have anything to do with monetary policy monetary policy is a function of the CBI. And floating the currency is what countries do. Most of the world's currencies already float. Floating the currency not only gives the CBI a mechanism to raise the exchange rate gradually based on supply and demand but gives them a tool to counter inflationary pressure created by large influxes of capital which we expect to come in as the country rebuilds. Any other solution...such as an RV or RI is utter nonsense and not practical or reasonable...Countries do not do these things.
8-22-2018 Newshound/Intel Guru Mnt Goat ...How long will it take. At a minimum they hope to get this all resolved way before Aug 28th when they earlier announced already a plan to hold the first session of the new parliament. So are the election results ratified already? YES, YES and YES again. ...Now they still fight for control over the largest block. This is all we are waiting for – what party has control and majority. So we need this first session of parliament to occur and to get these new members sworn in, a new speaker and a new president and his deputies. Then we can safely say that the RV clock can begin ticking once again. According to Iraq's constitution, parliament's first session must be held within 15 days from the date of the ratification 8/19 of the general election results. [post 3 of 3]
8-22-2018 Newshound/Intel Guru Mnt Goat 3. modify the share of the province of the federal budget (wants 17%) ...this was reduced down to 13% due to the oil that Kuridstan was selling beyond the GOI budgetary requirements. So they reduced the amount accordingly. ...Now Kurdistan wants it back. 4. general census of the population...They have not done census for years and need to update it...they will need to figure out who is who if they are going to award any surplus oil revenues to them. 5. asserting that all these points be "put forward with one basket”. Remember these 5 points we already heard about over a month ago...So this is now being worked out. This is an explanation of the delay. [post 2 of 3...stay tuned]
8-22-2018 Newshound/Intel Guru Mnt Goat UPDATE ON THE ONGOING ELECTION SAGA... Article quote: "A statement issued by Hadi al-Amri, the Fatah alliance, announced on Monday that the announcement of the largest bloc, due to be announced today, was postponed." So we know the announcements were not made on Monday as planned. So what happened? Seems that three of the Kurdistan parties wanted to pullout of the Sadr Alliance to form the largest block... They wanted guarantees on 5 points in order to join the Sadr Alliance: 1. application of Article 140...but article 140 is not required. Really? ...if this is needed to form the govt (as we now see it is...) and to form the govt is needed to RV then Article 140 is needed to get the RV. 2. the legislation of the law of oil and gas...Yes, a form of the oil and gas has been made into a agreement but the final version has NEVER been passed into law by parliament. [post 1 of 3....stay tued]
8-22-2018 Intel Guru Bruce It may only take 2 to 3 trading sessions before it going to hit...the kind of numbers Shabi mentioned years ago back in 2012...6 years ago Shabi talked about the value of the Dinar able to sustain $16...I am telling you what I am hearing makes that look very possible. ...I know the rate on the Dong is also good, better than we thought it was going to be...I want to clarify once and for all...THERE ARE NO ZEROS COMING OFF ANY CURRENCY... PERIOD AND END OF STORY... I am feeling very confident about where we are right now. ...I have been given times. I can’t put them out. ...Same with rates. [post 2 of 2]
8-22-2018 Intel Guru Bruce [via Pinkroses] We are really in the best place we have every been for this to go down now. When it comes to the Intel side ...the number of sources that are able to speak is being reduced because people are under NDAs that weren’t before or a gag order or just plain were told to go dark or go quiet. ...Fortunately we have enough sources in some of the other areas that are coming through so that we are able to sort of see what is happening...and where we are in the process. ...We know it is going to be a very good rate coming out and then it is going to go up... [post 1 of 2....stay tuned]
8-22-2018 Intel Guru Frank26 [via sunny] For security reasons they are now reprinting LD's...specimens with batch numbers! Huge! Notes will be calculated so not to flood the market. . . This time around. . . told of small notes and metals. . . metals and lower denom’s will co-exist together...2% is alive and happening!
8-22-2018 Newshound Guru Kaperoni ...there are a lot of new factors now in play because the recent sanctions on Iran have caused Iraq's spread to rise just above 2% which technically maybe out of compliance and would require them then to start over with another 90 days once back in compliance. Personally I do not understand why the CBI is waiting now that they have met the 90-day window of compliance back in June. Waiting just puts them at risk which is silly. If they are waiting for the formation of the government then they're probably waiting for the IMF consultation as well so we're really on hold here through the end of the year... [Side NOTE: The latest CBI reported market rate is always listed on the left of this page...the last CBI market rate for the dinar was 1208 reported on 8-20-2018. The CBI has not recorded a market rate outside of the 2% range since ~June 14.]
8-22-2018 Newshound Guru Kaperoni [What if the new gov doesn't care for the float?] The government does not have anything to do with monetary policy monetary policy is a function of the CBI. And floating the currency is what countries do. Most of the world's currencies already float. Floating the currency not only gives the CBI a mechanism to raise the exchange rate gradually based on supply and demand but gives them a tool to counter inflationary pressure created by large influxes of capital which we expect to come in as the country rebuilds. Any other solution...such as an RV or RI is utter nonsense and not practical or reasonable...Countries do not do these things.
8-22-2018 Newshound/Intel Guru Mnt Goat ...How long will it take. At a minimum they hope to get this all resolved way before Aug 28th when they earlier announced already a plan to hold the first session of the new parliament. So are the election results ratified already? YES, YES and YES again. ...Now they still fight for control over the largest block. This is all we are waiting for – what party has control and majority. So we need this first session of parliament to occur and to get these new members sworn in, a new speaker and a new president and his deputies. Then we can safely say that the RV clock can begin ticking once again. According to Iraq's constitution, parliament's first session must be held within 15 days from the date of the ratification 8/19 of the general election results. [post 3 of 3]
8-22-2018 Newshound/Intel Guru Mnt Goat 3. modify the share of the province of the federal budget (wants 17%) ...this was reduced down to 13% due to the oil that Kuridstan was selling beyond the GOI budgetary requirements. So they reduced the amount accordingly. ...Now Kurdistan wants it back. 4. general census of the population...They have not done census for years and need to update it...they will need to figure out who is who if they are going to award any surplus oil revenues to them. 5. asserting that all these points be "put forward with one basket”. Remember these 5 points we already heard about over a month ago...So this is now being worked out. This is an explanation of the delay. [post 2 of 3...stay tuned]
8-22-2018 Newshound/Intel Guru Mnt Goat UPDATE ON THE ONGOING ELECTION SAGA... Article quote: "A statement issued by Hadi al-Amri, the Fatah alliance, announced on Monday that the announcement of the largest bloc, due to be announced today, was postponed." So we know the announcements were not made on Monday as planned. So what happened? Seems that three of the Kurdistan parties wanted to pullout of the Sadr Alliance to form the largest block... They wanted guarantees on 5 points in order to join the Sadr Alliance: 1. application of Article 140...but article 140 is not required. Really? ...if this is needed to form the govt (as we now see it is...) and to form the govt is needed to RV then Article 140 is needed to get the RV. 2. the legislation of the law of oil and gas...Yes, a form of the oil and gas has been made into a agreement but the final version has NEVER been passed into law by parliament. [post 1 of 3....stay tued]
8-22-2018 Intel Guru Bruce It may only take 2 to 3 trading sessions before it going to hit...the kind of numbers Shabi mentioned years ago back in 2012...6 years ago Shabi talked about the value of the Dinar able to sustain $16...I am telling you what I am hearing makes that look very possible. ...I know the rate on the Dong is also good, better than we thought it was going to be...I want to clarify once and for all...THERE ARE NO ZEROS COMING OFF ANY CURRENCY... PERIOD AND END OF STORY... I am feeling very confident about where we are right now. ...I have been given times. I can’t put them out. ...Same with rates. [post 2 of 2]
8-22-2018 Intel Guru Bruce [via Pinkroses] We are really in the best place we have every been for this to go down now. When it comes to the Intel side ...the number of sources that are able to speak is being reduced because people are under NDAs that weren’t before or a gag order or just plain were told to go dark or go quiet. ...Fortunately we have enough sources in some of the other areas that are coming through so that we are able to sort of see what is happening...and where we are in the process. ...We know it is going to be a very good rate coming out and then it is going to go up... [post 1 of 2....stay tuned]
8-22-2018 Intel Guru Frank26 [via sunny] For security reasons they are now reprinting LD's...specimens with batch numbers! Huge! Notes will be calculated so not to flood the market. . . This time around. . . told of small notes and metals. . . metals and lower denom’s will co-exist together...2% is alive and happening!
8-22-2018 Newshound Guru Kaperoni ...there are a lot of new factors now in play because the recent sanctions on Iran have caused Iraq's spread to rise just above 2% which technically maybe out of compliance and would require them then to start over with another 90 days once back in compliance. Personally I do not understand why the CBI is waiting now that they have met the 90-day window of compliance back in June. Waiting just puts them at risk which is silly. If they are waiting for the formation of the government then they're probably waiting for the IMF consultation as well so we're really on hold here through the end of the year... [Side NOTE: The latest CBI reported market rate is always listed on the left of this page...the last CBI market rate for the dinar was 1208 reported on 8-20-2018. The CBI has not recorded a market rate outside of the 2% range since ~June 14.]
8-21-2018 *** Dinar Guru News Update *** The Iraqi Federal Court have finally ratified the May 12th election results! Since there was no majority winner, the gurus expect that we will see the forming of alliances between blocks to form the "largest block". Sadr (the winning block) and Abadi (current PM and head of the 3rd place block) have wasted no time and announced their alliance already. The apposing alliance is led by former PM Maliki. The newly elected parliament will meet shortly to begin their bartering process to name the next president. Stay tuned as the news floods in... The latest guru posts will continue below...
8-21-2018 Intel Guru Frank26 "Well-informed source said on Tuesday that Iraq’s President Fuad Masum will invite the parliament to hold its first session on August 30." IN OTHER WORDS ...IMO …THE USA IS TOTALLY IN CONTROL OF ALL BREATHING IN IRAQ ...FROM THE ALREADY PICKED AND FORMED PARL TO THE IQD'S RI OF THE MR.
8-21-2018 Newshound Guru Kaperoni I...got a note from another member who wrote the IMF and asked about Iraq's Article IV Consultation the response indicates that the IMF is waiting until after the formation of the government which could be next year hopefully sooner. I have said in the past that I believe that consultation must occur prior to Iraq moving to Article VIII it's not a requirement but it would be a good review of the banking system and encouragement. If I am correct and the CBI is going to wait until that consultation occurs then we have a few more months to wait. Though technically the CBI could write the letter to the IMF at any moment and request Article VIII acceptance. And if they are in compliance the IMF would would agree.
8-21-2018 Newshound Guru Currency365 Maybe Tuesday they will officially announce in public the largest Bloc...Also Abadi, Sadr, Hakim, Allawi, & Kurds form a new alliance against al-Malik...So MALIKI IS OUT!!! Also Haider Abadi expels Faleh Fayyad from the alliance of victory...I CAN SEE THE FINISH LINE...
8-21-2018 Intel Guru Frank26 [via clare] USA is in Control! POTUS -basically slapped everyone...Iran...Maliki...it worked!! USA wants them to RI! Everything is done but there are variables...choke out Iran & kill the Virus of their political structure...Remember time frame ****8/18-28th****... The minute you see the HCL...next breath is RI...August for preparation...September for implementation... The future is NOW!!!
8-21-2018 Intel Guru Delta IQD EXCHANGE IN IRAQI MARKET FROM CBI ...
12-Aug 1212 1207
13-Aug 1209 1205
14-Aug 1208 1205
15-Aug 1209 1205
16-Aug 1209 1205
19-Aug 1208 1205
20-Aug 1208 1205...2% STILL..
[Side NOTE: The latest CBI reported market rate is always listed on the left of this page...the last CBI market rate for the dinar was 1208 reported on 8-20-2018. The CBI has not recorded a market rate outside of the 2% range since ~June 14.]
8-21-2018 Newshound/Intel Guru Mnt Goat We all should realize by now this sorting and re-counting was nothing more than a dog and pony show. It was a well-orchestrated stalling tactic that almost back-fired on them. But now it appears it is coming to an end as they move ahead. Did they have a target date? No, as I said before it is not about a target date for the RV. ...But what did happen is they needed to get the corruption under control and weed out or neutralize those involved. They are moving ahead again since they feel this is now accomplished. ...We still have to hear from the CBI since this is the entity that will trigger the reinstatement... I am focused on the Central Bank of Iraq (CBI). The CBI has recently told me there will be a massive re-education campaign to educate the people. They said to look at the billboards and TV but mostly the news media articles coming forth in the very near future. Yes, I think we are still looking at some timeframe maybe in September and certainly not before.
8-21-2018 Newshound Guru Kaperoni I...got a note from another member who wrote the IMF and asked about Iraq's Article IV Consultation the response indicates that the IMF is waiting until after the formation of the government which could be next year hopefully sooner. I have said in the past that I believe that consultation must occur prior to Iraq moving to Article VIII it's not a requirement but it would be a good review of the banking system and encouragement. If I am correct and the CBI is going to wait until that consultation occurs then we have a few more months to wait. Though technically the CBI could write the letter to the IMF at any moment and request Article VIII acceptance. And if they are in compliance the IMF would would agree.
8-21-2018 Newshound Guru Currency365 Maybe Tuesday they will officially announce in public the largest Bloc...Also Abadi, Sadr, Hakim, Allawi, & Kurds form a new alliance against al-Malik...So MALIKI IS OUT!!! Also Haider Abadi expels Faleh Fayyad from the alliance of victory...I CAN SEE THE FINISH LINE...
8-21-2018 Intel Guru Frank26 [via clare] USA is in Control! POTUS -basically slapped everyone...Iran...Maliki...it worked!! USA wants them to RI! Everything is done but there are variables...choke out Iran & kill the Virus of their political structure...Remember time frame ****8/18-28th****... The minute you see the HCL...next breath is RI...August for preparation...September for implementation... The future is NOW!!!
8-21-2018 Intel Guru Delta IQD EXCHANGE IN IRAQI MARKET FROM CBI ...
12-Aug 1212 1207
13-Aug 1209 1205
14-Aug 1208 1205
15-Aug 1209 1205
16-Aug 1209 1205
19-Aug 1208 1205
20-Aug 1208 1205...2% STILL..
[Side NOTE: The latest CBI reported market rate is always listed on the left of this page...the last CBI market rate for the dinar was 1208 reported on 8-20-2018. The CBI has not recorded a market rate outside of the 2% range since ~June 14.]
8-21-2018 Newshound/Intel Guru Mnt Goat We all should realize by now this sorting and re-counting was nothing more than a dog and pony show. It was a well-orchestrated stalling tactic that almost back-fired on them. But now it appears it is coming to an end as they move ahead. Did they have a target date? No, as I said before it is not about a target date for the RV. ...But what did happen is they needed to get the corruption under control and weed out or neutralize those involved. They are moving ahead again since they feel this is now accomplished. ...We still have to hear from the CBI since this is the entity that will trigger the reinstatement... I am focused on the Central Bank of Iraq (CBI). The CBI has recently told me there will be a massive re-education campaign to educate the people. They said to look at the billboards and TV but mostly the news media articles coming forth in the very near future. Yes, I think we are still looking at some timeframe maybe in September and certainly not before.
8-20-2018 Newshound Guru chattels My sense is that there will be an announcement of a largest bloc sooner rather than later in this election cycle because there is a movement to avoid quotas. In order to do so the largest bloc must be clearly established at / by the convening of the Parliament and election of the President / Speaker of Parliament. There is talk of Iraq being out of compliance on the spread between the official rate and the parallel market rate. [NOTE: The official (And LATEST) CBI tracked market rate for the dinar is always listed in the left column of this page. As of 8-20-2018 the rate has remained within 2% range for 90 days.]
8-20-2018 Intel Guru Frank26 TIMES...ARE SERIOUS...TO WAIT...IS TO CONSUME TIME...IMO...IT IS TIME.
8-20-2018 Newshound Guru Kaperoni Well unoffically the CBI seems to have fallen out of compliance now with the spread at 1215 to $1. What that means more than likely is they will have to get back in compliance and hold it for another 90 days. So unfortunately it doesn't look like the Central Bank of Iraq will be moving to Article VIII anytime soon. I'm not officially writing off the Central Bank of Iraq yet going to give it a day or two to make sure they are in or out of compliance. Because these numbers are not official if tomorrow's numbers are lower they could be back in compliance. On another note it looks like the government is moving forward with the largest bloc being formed and announced. [NOTE: The official (And LATEST) CBI tracked market rate for the dinar is always listed in the left column of this page. As of 8-20-2018 the rate has remained within 2% range for 90 days.]
8-20-2018 Intel Guru RayRen98 It has been reported that today on Iraqi TV Prime Minister Abadi has been calling for the government of Iraq to form immediately. Iraqi TV is reporting first meeting of Parliament will be on the 28th after the Eid holiday. Quote: "Abdullah Alawi, adviser to President Fuad Masum, said on Sunday that the latter will follow the Eid holiday to invite the new parliament to convene, while referring to the expectations that the first session on 28 of this month."
8-20-2018 Newshound/Intel Guru Mnt Goat "...the judiciary announced that they completed ratification of the names of the winners of the last parliamentary elections. On Monday, Aug 20th, was quoted, the names of the winners of the elections in the Federal Court will be approved and announced." So this week should be exciting for us but not RV exciting. The question now still remains - What will the CBI now do since the election saga is just about over? I am told they will progress forward with the “project to delete the zeros” once again. We can do nothing but take a deep breath, relax and wait and see how the CBI reacts.
8-20-2018 Newshound Guru Currency365 "The Iraqi Federal Court also approved Today the manual recount of the disputed votes cast during the parliamentary election, while previous Prime Minister Nouri al-Maliki met with US Special Presidential Envoy Brett McGurk on Sunday." ...Iraq will announce the largest bloc in the coming hours!!! LETS SEE WHOS IN AND WHOS OUT...standby.
8-20-2018 Intel Gurus Delta and Frank26 "URGENT FROM IRAIQA TV: ANNOUNCEMENT OF THE FORMATION OF THE LARGEST BLOC" WHAT A TIMING...IT'S ABOUT TIME!! ...INTERESTING...IS THAT...IT'S RIGHT IN FRONT OF OUR...EYES AND THE NET... [IS THAT FRANK & DELTA NOW SINGING - THE FINAL COUNTDOWN?] AH...YEAH...
8-20-2018 Intel Guru Frank26 TIMES...ARE SERIOUS...TO WAIT...IS TO CONSUME TIME...IMO...IT IS TIME.
8-20-2018 Newshound Guru Kaperoni Well unoffically the CBI seems to have fallen out of compliance now with the spread at 1215 to $1. What that means more than likely is they will have to get back in compliance and hold it for another 90 days. So unfortunately it doesn't look like the Central Bank of Iraq will be moving to Article VIII anytime soon. I'm not officially writing off the Central Bank of Iraq yet going to give it a day or two to make sure they are in or out of compliance. Because these numbers are not official if tomorrow's numbers are lower they could be back in compliance. On another note it looks like the government is moving forward with the largest bloc being formed and announced. [NOTE: The official (And LATEST) CBI tracked market rate for the dinar is always listed in the left column of this page. As of 8-20-2018 the rate has remained within 2% range for 90 days.]
8-20-2018 Intel Guru RayRen98 It has been reported that today on Iraqi TV Prime Minister Abadi has been calling for the government of Iraq to form immediately. Iraqi TV is reporting first meeting of Parliament will be on the 28th after the Eid holiday. Quote: "Abdullah Alawi, adviser to President Fuad Masum, said on Sunday that the latter will follow the Eid holiday to invite the new parliament to convene, while referring to the expectations that the first session on 28 of this month."
8-20-2018 Newshound/Intel Guru Mnt Goat "...the judiciary announced that they completed ratification of the names of the winners of the last parliamentary elections. On Monday, Aug 20th, was quoted, the names of the winners of the elections in the Federal Court will be approved and announced." So this week should be exciting for us but not RV exciting. The question now still remains - What will the CBI now do since the election saga is just about over? I am told they will progress forward with the “project to delete the zeros” once again. We can do nothing but take a deep breath, relax and wait and see how the CBI reacts.
8-20-2018 Newshound Guru Currency365 "The Iraqi Federal Court also approved Today the manual recount of the disputed votes cast during the parliamentary election, while previous Prime Minister Nouri al-Maliki met with US Special Presidential Envoy Brett McGurk on Sunday." ...Iraq will announce the largest bloc in the coming hours!!! LETS SEE WHOS IN AND WHOS OUT...standby.
8-20-2018 Intel Gurus Delta and Frank26 "URGENT FROM IRAIQA TV: ANNOUNCEMENT OF THE FORMATION OF THE LARGEST BLOC" WHAT A TIMING...IT'S ABOUT TIME!! ...INTERESTING...IS THAT...IT'S RIGHT IN FRONT OF OUR...EYES AND THE NET... [IS THAT FRANK & DELTA NOW SINGING - THE FINAL COUNTDOWN?] AH...YEAH...
8-19-2018 Newshound Guru Kaperoni "Iraq’s Federal Supreme Court has now ratified the election results" So with the ratified election results political parties are meeting to form the largest bloc. An official announcement may come in the next day or so.
8-19-2018 Newshound Guru MilitiaMan They are imo finishing the process at that accelerated pace we have heard of. They even now are saying within hours or by tomorrow they will ratify the elections...Not that that has to be done, imo, it will be done though. I see it as a measure of safety and all to be on the up and up...And imo, it will be before the rate changes internationally for that reason and maybe others...Fascinating times...imo..
8-19-2018 Guest Guru Kathy The elections have been ratified as of this morning. They say they will announce the largest block this evening and the first parliament meeting will be within one day!! Agreed US troops will stay in Iraq to ensure security and become trainers!...
8-19-2018 Newshound Guru chattels Article: "Central Bank: adopt a mechanism to prevent rising from $ 100 thousand dinars Al121" Quote: "... the Central Bank of Iraq several measures and mechanisms adopted in order to maintain the stability of the dollar exchange rate against the Iraqi dinar at 121 thousand dinars for each $ 100." The foregoing article is interesting in that it confirms the intentionality of the CBI regarding maintaining a stability range on the value of the dinar relative to the dollar.
8-19-2018 Newshound Guru Adam Montana [..if, (big IF) the election results become official by the end of next week (after holiday) how long would you speculate that it would take to seat the new parliament and start conducting business? I realize this is Iraq and anything or nothing may happen SOON.] We're looking at about a 30 day cycle right now, IMO
8-19-2018 Newshound Guru Don961 Article: “An economist reveals the bank's printing of large amounts of currency with small categories to replace them with damage” ...from previous articles ... this will also help get more of the existing 3 zeroes out from under those mattresses ... and replace them with these smaller denominations ... because as other articles showed from the CBI ... these lower denom notes will be pushed ... in the marketplace ... and in the banks .. which will also get citizens enured to using smaller notes ... and make the transition to the RI lower denoms much more realistic psychologically ... another step ...imo
8-19-2018 Newshound Guru MilitiaMan They are imo finishing the process at that accelerated pace we have heard of. They even now are saying within hours or by tomorrow they will ratify the elections...Not that that has to be done, imo, it will be done though. I see it as a measure of safety and all to be on the up and up...And imo, it will be before the rate changes internationally for that reason and maybe others...Fascinating times...imo..
8-19-2018 Guest Guru Kathy The elections have been ratified as of this morning. They say they will announce the largest block this evening and the first parliament meeting will be within one day!! Agreed US troops will stay in Iraq to ensure security and become trainers!...
8-19-2018 Newshound Guru chattels Article: "Central Bank: adopt a mechanism to prevent rising from $ 100 thousand dinars Al121" Quote: "... the Central Bank of Iraq several measures and mechanisms adopted in order to maintain the stability of the dollar exchange rate against the Iraqi dinar at 121 thousand dinars for each $ 100." The foregoing article is interesting in that it confirms the intentionality of the CBI regarding maintaining a stability range on the value of the dinar relative to the dollar.
8-19-2018 Newshound Guru Adam Montana [..if, (big IF) the election results become official by the end of next week (after holiday) how long would you speculate that it would take to seat the new parliament and start conducting business? I realize this is Iraq and anything or nothing may happen SOON.] We're looking at about a 30 day cycle right now, IMO
8-19-2018 Newshound Guru Don961 Article: “An economist reveals the bank's printing of large amounts of currency with small categories to replace them with damage” ...from previous articles ... this will also help get more of the existing 3 zeroes out from under those mattresses ... and replace them with these smaller denominations ... because as other articles showed from the CBI ... these lower denom notes will be pushed ... in the marketplace ... and in the banks .. which will also get citizens enured to using smaller notes ... and make the transition to the RI lower denoms much more realistic psychologically ... another step ...imo
8-18-2018 Newshound/Intel Guru Mnt Goat Article quote: "Observers told The Baghdad Post that a number of Iraqi banks and foreign exchange companies have begun to send U.S. dollars to Iran." ...the banks and exchanges get the US dollars by going to the CBI currency auctions. Quote: "...THEY CALLED ON THE IRAQI GOVERNMENT TO TAKE SERIOUS ACTIONS TO STOP THE IRANIAN PLAN THAT AIM TO STEAL IRAQ'S WEALTH OF HARD CURRENCY..." ...the ONLY way they can do this is to stop the currency auctions and reinstate the dinar. If the CBI had done this years ago this would all have been sorted out by now and the Iraqi dinar would be like any other middle eastern currency. So these problems that are going to get much worst are going to come from the delay in the reinstatement of the dinar by the CBI and IMF. What the hell are they waiting for? ...Thus stop the currency auctions and reinstate the dinar with some real value.
8-18-2018 Newshound/Intel Guru tman23 [Quote from Guru Randy Koonce post 8-18-2018] "remove 000's" does NOT mean a LOP. It just means they want to get them "off the street". A. FACT REGARDING A MEETING AMONG BANKERS IN DUBAI...A PERSON FROM THE CBI USED THE PHRASE...LIFT THE ZEROS FROM THE NOTES...That does not indicate removing anything from the streets, it indicates removing 3 zeros from the notes...
8-18-2018 Newshound Guru chattels [...is that 2% really going to be held to the letter] Actually there is no " official " information so we are guessing at best... as RandyK [Guru Randy Koonce] stated, this may not be a "textbook" economic process or event.
8-18-2018 Intel Guru RayRen98 Iraqi TV is reporting a meeting scheduled for Monday that will resolve all of the block issues. Also projecting ratification of the elections will be finalized on Monday.
8-18-2018 Intel Guru Randy Koonce Everyone asks me: How does Iraq Pay for this? This event does not Cost Iraq anything. Many say that Iraq has over $35 trillion out on the market and would never be able to pay for this. The truth is Iraq has only $35 trillion and that includes the new bills. What do I mean by new bills? Those are the 1, 5, 10, 20 dinar notes... When they RV, it will by design bring in the Large Bills: "Remove the 000'S" from the Street". If you notice, "remove 000's" does NOT mean a LOP. It just means they want to get them "off the street". And by the intentional design of this event, if you bring the RV out low, like at 10 Cents and the USD is worth more than the Dinar, then the Dinar will not come off the street because they will keep their Dinar and just use the USD. [reference Guru Randy Koonce post 8-17-2018, part 2, for his rate information]
8-18-2018 Newshound/Intel Guru Mnt Goat The IMF does not want to put the Dinar out on a float at 1190 or any other program rate. ...I can give you a long list of reasons why it might not be a very good idea at this point in time to have a rate of 1190 on FOREX or any of the other global exchanges. ...there is one FACT...and that is the plan to move the dinar off the de facto peg with the US dollar to a new SDR peg with 5 other currencies from the developed countries. This is the key with this new peg in that they plan to set a new rate according to the new peg. ...This NEW PEG is what will get us the new rate we are looking for. ...normally, in past experiences, that when the IMF has done this repegging, they normally come out at about $1 USD equivalent. Then they float it and let the market drive it further. It does not normally take long to adjust and settle to the true value. The Balassa Samuelson effect is still in play and large amounts of capital can come into Iraq to rebuild just starting at 1:1 and not 1190:1. So Kap [Guru Kaperoni] is half right.
8-18-2018 Newshound Guru Kaperoni The Federal Court in Iraq will validate the election results on Monday
8-18-2018 Newshound/Intel Guru tman23 [Quote from Guru Randy Koonce post 8-18-2018] "remove 000's" does NOT mean a LOP. It just means they want to get them "off the street". A. FACT REGARDING A MEETING AMONG BANKERS IN DUBAI...A PERSON FROM THE CBI USED THE PHRASE...LIFT THE ZEROS FROM THE NOTES...That does not indicate removing anything from the streets, it indicates removing 3 zeros from the notes...
8-18-2018 Newshound Guru chattels [...is that 2% really going to be held to the letter] Actually there is no " official " information so we are guessing at best... as RandyK [Guru Randy Koonce] stated, this may not be a "textbook" economic process or event.
8-18-2018 Intel Guru RayRen98 Iraqi TV is reporting a meeting scheduled for Monday that will resolve all of the block issues. Also projecting ratification of the elections will be finalized on Monday.
8-18-2018 Intel Guru Randy Koonce Everyone asks me: How does Iraq Pay for this? This event does not Cost Iraq anything. Many say that Iraq has over $35 trillion out on the market and would never be able to pay for this. The truth is Iraq has only $35 trillion and that includes the new bills. What do I mean by new bills? Those are the 1, 5, 10, 20 dinar notes... When they RV, it will by design bring in the Large Bills: "Remove the 000'S" from the Street". If you notice, "remove 000's" does NOT mean a LOP. It just means they want to get them "off the street". And by the intentional design of this event, if you bring the RV out low, like at 10 Cents and the USD is worth more than the Dinar, then the Dinar will not come off the street because they will keep their Dinar and just use the USD. [reference Guru Randy Koonce post 8-17-2018, part 2, for his rate information]
8-18-2018 Newshound/Intel Guru Mnt Goat The IMF does not want to put the Dinar out on a float at 1190 or any other program rate. ...I can give you a long list of reasons why it might not be a very good idea at this point in time to have a rate of 1190 on FOREX or any of the other global exchanges. ...there is one FACT...and that is the plan to move the dinar off the de facto peg with the US dollar to a new SDR peg with 5 other currencies from the developed countries. This is the key with this new peg in that they plan to set a new rate according to the new peg. ...This NEW PEG is what will get us the new rate we are looking for. ...normally, in past experiences, that when the IMF has done this repegging, they normally come out at about $1 USD equivalent. Then they float it and let the market drive it further. It does not normally take long to adjust and settle to the true value. The Balassa Samuelson effect is still in play and large amounts of capital can come into Iraq to rebuild just starting at 1:1 and not 1190:1. So Kap [Guru Kaperoni] is half right.
8-18-2018 Newshound Guru Kaperoni The Federal Court in Iraq will validate the election results on Monday
8-17-2018 Intel Guru Bruce [via PinkRoses] ...a lot of our sources, a lot of our people have gone silent more than we ever had. We had banks we can talk to, redemption centers we can talk to, people in the financial business that are watching this, variety of sources, but right now most of the ones that we talk to are under gag orders and some have signed NDAs and cannot talk to us. ...Where we are right now is we had an opportunity to go last night. It didn’t happen I believe due to some security concerns...My understanding is they were remedied, fixed where they were no longer an issue. That is how close we were going...I believe that we are in a position for this to go down just about to the point of any moment. ...The rates that have come up that we have known about and the projected rates that we are talking about are very good and even higher than we have talked about that we knew in the past or that I knew about in the past... ...We are in a really good place right now for this to come down still this week. That is what I am hearing, and I believe that is what the plan is.
8-17-2018 Intel Guru Randy Koonce Right now, the pressure for this to take place is Very Great. As in, 'Extremely Huge'. Our POTUS does not care who the PM will be. He believes we can work with anyone. ...However, there is an 'agency' who got in the middle of their election process, and once again delayed the rate change. Now, that 'agency' is really wanting this to happen. So, what do we need to see? We need to see the Election ratified by the Federal Court; the 'Coalition' needs to be announced; and the next PM will then be announced. Then our event will happen! However, if these events drag out, then the Event we are looking for just might happen without the Government. It's possible. So our 'window' will last to the end of the month of August, with a strong possibility for next week. The pressure will only get stronger closer to end of month. ...We REALLY are in the final stages of this. I know that this administration wants this to be over, and they (he) wants it over NOW!! We are SO close ...So, hang in there Everyone. It's coming, one way or the other!! Breathe. [Post 3 of 3]
8-17-2018 Intel Guru Randy Koonce People say that it is not pegged to the Dollar anymore. That is BS. The Dinar is currently pegged to 3 currencies, and will continue to be pegged that way. When they change the value, they will be able to determine how much and where. No one knows the exact Rate other than Shabibbi (still involved in the CBI) and the Governor of the CBI. They were given a "Range to Revalue the Currency". And that range begins at $1.50. Iraq actually needs it to be around $2.50 to be able to pay everyone and everything, and $1.50 will not leave them the ability to pay back the loans they will receive. So, I am of the OPINION it will come in higher than that. But we will see... [post 2 of 3....stay tuned]
8-17-2018 Intel Guru Randy Koonce First, we are in a new window of opportunity 'right now'. When I say that, it does NOT mean it will happen "without a doubt in this current window" (Remember: It's Iraq!). What it does mean is that there is a very good chance for the rate to finally change. Now. ...I hope that one day I might get the opportunity to explain why this has taken so long. There are so many factors at work. More than one person and/or agency has had influence on the RV. It has become far more political than anyone ever intended or expected. Also, for anyone who thinks this will come out at 10 cents and float up - they do not know how this system will work and did not read the right articles from the right people. This was never planned to be an 'economic text book' event. The Currency will be a MANAGED FLOAT. The word 'managed' is the clue. It means that 'someone' will determined when to move it and how much. The Dinar right now is on a Managed Float. So, you can see that if it does not RV that it will not move... [post 1 of 3....stay tuned]
8-17-2018 Intel Guru Jester SOMEONE MAY HAVE GOT PAID ... WE ARE BUSY CHECKING IT OUT... GOT THE WOLF [GURU REDWOLF] ... AND MARKZ [GURU MARKZ] AND EVERYONE LOOKING...HOPEFULLY SOME GOOD NEWS ... SATURDAY...
8-17-2018 Newshound Guru Kaperoni Iraq is on the verge of falling out of compliance at today's auction 1212 to 1 US dollar. If they don't reverse this in the next day or so they will fall out of compliance and then I expect the wheels to come off as Maliki attempts to drain dollars to help Iran. And despite what the gurus will say, it could be months at least three but probably more like years before they get back in line because I don't expect sanctions on Iran to be lifted anytime soon. Crooks like Maliki will realize that they are out of compliance and do everything they can to help their allegiance to Iran and to reverse that it could take years. The last time this occurred was in 2012 and look it's 2018 now. Ideally I believe the US Embassy in Iraq should step in and remove all of these corrupt politicians and start with a clean slate with the hope of a short window to begin reforms. So the next two to four weeks will be very telling... To see if the CBI can maintain the spread and if the government can be formed. [You can always see the latest CBI reported market rate and official rate on the left side of this page]
8-17-2018 Newshound Guru Adam Montana Article: "Federal Court to postpone the case of the export of oil Kurdistan directly to next month" Quote: "On Sunday, the Federal Supreme Court postponed the appeal against the export of oil from Kurdistan directly to the third day of next month." [The...article seems to indicate the Oil and Gas PROVISIONS can be implemented via the Federal Court....If so, the HCL related considerations may be applied more instantaneous than having to go through the upcoming newly seated Parliament, ratified by the yet to be elected President, and then published in the Gazette.] THIS is the reason I'm so excited right now! You are 100% correct - the HCL (OIL AND GAS!) can be implemented at any time! ANY TIME!...
8-17-2018 Intel Gurus Delta and Frank26 Article quote: "The value of the Iraqi currency fell from 1200 dinars to the dollar last Sunday, to 1210 dinars now..." THEY HAVE TO MOVE FASTER NOW... DO SOMETHING OR FALL OUT OF 2% COMPLIANT!!! [You can always see the latest CBI reported market rate and official rate on the left side of this page]
8-17-2018 Intel Guru Randy Koonce Right now, the pressure for this to take place is Very Great. As in, 'Extremely Huge'. Our POTUS does not care who the PM will be. He believes we can work with anyone. ...However, there is an 'agency' who got in the middle of their election process, and once again delayed the rate change. Now, that 'agency' is really wanting this to happen. So, what do we need to see? We need to see the Election ratified by the Federal Court; the 'Coalition' needs to be announced; and the next PM will then be announced. Then our event will happen! However, if these events drag out, then the Event we are looking for just might happen without the Government. It's possible. So our 'window' will last to the end of the month of August, with a strong possibility for next week. The pressure will only get stronger closer to end of month. ...We REALLY are in the final stages of this. I know that this administration wants this to be over, and they (he) wants it over NOW!! We are SO close ...So, hang in there Everyone. It's coming, one way or the other!! Breathe. [Post 3 of 3]
8-17-2018 Intel Guru Randy Koonce People say that it is not pegged to the Dollar anymore. That is BS. The Dinar is currently pegged to 3 currencies, and will continue to be pegged that way. When they change the value, they will be able to determine how much and where. No one knows the exact Rate other than Shabibbi (still involved in the CBI) and the Governor of the CBI. They were given a "Range to Revalue the Currency". And that range begins at $1.50. Iraq actually needs it to be around $2.50 to be able to pay everyone and everything, and $1.50 will not leave them the ability to pay back the loans they will receive. So, I am of the OPINION it will come in higher than that. But we will see... [post 2 of 3....stay tuned]
8-17-2018 Intel Guru Randy Koonce First, we are in a new window of opportunity 'right now'. When I say that, it does NOT mean it will happen "without a doubt in this current window" (Remember: It's Iraq!). What it does mean is that there is a very good chance for the rate to finally change. Now. ...I hope that one day I might get the opportunity to explain why this has taken so long. There are so many factors at work. More than one person and/or agency has had influence on the RV. It has become far more political than anyone ever intended or expected. Also, for anyone who thinks this will come out at 10 cents and float up - they do not know how this system will work and did not read the right articles from the right people. This was never planned to be an 'economic text book' event. The Currency will be a MANAGED FLOAT. The word 'managed' is the clue. It means that 'someone' will determined when to move it and how much. The Dinar right now is on a Managed Float. So, you can see that if it does not RV that it will not move... [post 1 of 3....stay tuned]
8-17-2018 Intel Guru Jester SOMEONE MAY HAVE GOT PAID ... WE ARE BUSY CHECKING IT OUT... GOT THE WOLF [GURU REDWOLF] ... AND MARKZ [GURU MARKZ] AND EVERYONE LOOKING...HOPEFULLY SOME GOOD NEWS ... SATURDAY...
8-17-2018 Newshound Guru Kaperoni Iraq is on the verge of falling out of compliance at today's auction 1212 to 1 US dollar. If they don't reverse this in the next day or so they will fall out of compliance and then I expect the wheels to come off as Maliki attempts to drain dollars to help Iran. And despite what the gurus will say, it could be months at least three but probably more like years before they get back in line because I don't expect sanctions on Iran to be lifted anytime soon. Crooks like Maliki will realize that they are out of compliance and do everything they can to help their allegiance to Iran and to reverse that it could take years. The last time this occurred was in 2012 and look it's 2018 now. Ideally I believe the US Embassy in Iraq should step in and remove all of these corrupt politicians and start with a clean slate with the hope of a short window to begin reforms. So the next two to four weeks will be very telling... To see if the CBI can maintain the spread and if the government can be formed. [You can always see the latest CBI reported market rate and official rate on the left side of this page]
8-17-2018 Newshound Guru Adam Montana Article: "Federal Court to postpone the case of the export of oil Kurdistan directly to next month" Quote: "On Sunday, the Federal Supreme Court postponed the appeal against the export of oil from Kurdistan directly to the third day of next month." [The...article seems to indicate the Oil and Gas PROVISIONS can be implemented via the Federal Court....If so, the HCL related considerations may be applied more instantaneous than having to go through the upcoming newly seated Parliament, ratified by the yet to be elected President, and then published in the Gazette.] THIS is the reason I'm so excited right now! You are 100% correct - the HCL (OIL AND GAS!) can be implemented at any time! ANY TIME!...
8-17-2018 Intel Gurus Delta and Frank26 Article quote: "The value of the Iraqi currency fell from 1200 dinars to the dollar last Sunday, to 1210 dinars now..." THEY HAVE TO MOVE FASTER NOW... DO SOMETHING OR FALL OUT OF 2% COMPLIANT!!! [You can always see the latest CBI reported market rate and official rate on the left side of this page]
8-16-2018 Newshound Guru Kaperoni Concerns rise over the stability of the dinar. Todays market rate is reported at 1210 to $1. Dangerously close to falling out of IMF compliance. Some articles are even reporting 1212 to $1...Which is only 2 dinar from 1214 the max under the 2% rule. [You can always see the latest CBI reported market rate and official rate on the left side of this page]
8-16-2018 Newshound Guru Adam Montana Article: "Iraq invests $ 24.5 billion in US Treasuries" Why would Iraq be investing in US Treasuries? That's a good question, and I think the answer is obvious - both the US and Iraq are going forward in a positive direction, so it's a smart play. We are on the smart side of that play, and here's the best part: I don't have to beat that drum - Iraq is doing it for me.
8-16-2018 Guest Guru Mark It's important that they build a budget so they can create monetary policy for the Central Bank. They're not building an exchange rate in the budget...they are basing it on what they have today. You're not going to find it in any budget...never been in any budget in the past and I don't believe it's going to be in any budget going forward. When they eventually do this it's a process...and when they do make the change they will have under discussion and under ideas of how they are going to make these changes and they will ultimately alter the budget based on the new value of the currency. So if you're...thinking I have to look at the budget to see if it's in there....don't. It's not going to be there, it never has and never will be.
8-16-2018 Newshound/Intel Guru Mnt Goat As the breaking news evolves, we will see more and more emphasis on the Iraq / Iran relationship and the impacts of the sanctions. I am telling everyone right now...that unless the CBI moves ahead on the reinstatement of the dinar quickly, once the govt is formed, we will be in a situation that the November Iranian sanctions will delay the CBI once again possibility until 2019.
8-16-2018 Newshound/Intel Guru David M. Witty Iraqi Election Commission sends final election results to Federal Court for official approval. Complaint period complete.
8-16-2018 Newshound Guru Currency365 Things are quiet right now maybe too quiet lol but its already Aug 15th and many important dates are coming up very soon so we just stand firm and wait for the excitement to being.
8-16-2018 Newshound Guru Adam Montana [...do you really think Iraq CBI will RV their currency during 2018 and/or early 2019?...] For the record, I do believe that we are in the final stretch. It may seem like they have been kicking the can down the road, but when you stop to examine all the details, it really makes sense. If they had Revalued their currency in 2013, or 14, it would have been a disaster! They didn't have the infrastructure, the stability, or anything else they needed to make it a success. Today, we're in a different boat. NOW it is possible, and before it was not.
8-16-2018 Newshound Guru Adam Montana Article: "Iraq invests $ 24.5 billion in US Treasuries" Why would Iraq be investing in US Treasuries? That's a good question, and I think the answer is obvious - both the US and Iraq are going forward in a positive direction, so it's a smart play. We are on the smart side of that play, and here's the best part: I don't have to beat that drum - Iraq is doing it for me.
8-16-2018 Guest Guru Mark It's important that they build a budget so they can create monetary policy for the Central Bank. They're not building an exchange rate in the budget...they are basing it on what they have today. You're not going to find it in any budget...never been in any budget in the past and I don't believe it's going to be in any budget going forward. When they eventually do this it's a process...and when they do make the change they will have under discussion and under ideas of how they are going to make these changes and they will ultimately alter the budget based on the new value of the currency. So if you're...thinking I have to look at the budget to see if it's in there....don't. It's not going to be there, it never has and never will be.
8-16-2018 Newshound/Intel Guru Mnt Goat As the breaking news evolves, we will see more and more emphasis on the Iraq / Iran relationship and the impacts of the sanctions. I am telling everyone right now...that unless the CBI moves ahead on the reinstatement of the dinar quickly, once the govt is formed, we will be in a situation that the November Iranian sanctions will delay the CBI once again possibility until 2019.
8-16-2018 Newshound/Intel Guru David M. Witty Iraqi Election Commission sends final election results to Federal Court for official approval. Complaint period complete.
8-16-2018 Newshound Guru Currency365 Things are quiet right now maybe too quiet lol but its already Aug 15th and many important dates are coming up very soon so we just stand firm and wait for the excitement to being.
8-16-2018 Newshound Guru Adam Montana [...do you really think Iraq CBI will RV their currency during 2018 and/or early 2019?...] For the record, I do believe that we are in the final stretch. It may seem like they have been kicking the can down the road, but when you stop to examine all the details, it really makes sense. If they had Revalued their currency in 2013, or 14, it would have been a disaster! They didn't have the infrastructure, the stability, or anything else they needed to make it a success. Today, we're in a different boat. NOW it is possible, and before it was not.
8-15-2018 Intel Guru Jester [ ...Turkey's currency has dropped nearly a third in the last week...With all the global banks being so inter-connected do you see that causing a problem for other nations or major banks?] WELL I HAVE THE [GURU] REDWOLF ON THAT ONE... WE THINK IT IS THE START OF REVALUING WEAK CURRENCIES WITH LITTLE GOLD OR ASSET SUPPORT... THERE ARE OTHERS GOING ON RIGHT NOW JUST NOT AS PROLIFIC... THE OPERATIVE WORKING THINKING IS THAT THINGS ARE MOVING ALONG USING OTHER EXCUSES FOR SMOKE SCREEN...
8-15-2018 Newshound Guru Kaperoni ...it is not advantageous for Iraq to sit in Article XIV especially since it's been stated numerous times in the Article IV Consultations that moving to Article VIII will send a positive message to the global investment community. Iraq needs a private-sector badly.
8-15-2018 Intel Guru Footforward You will see alot of people sell or get rid of their dinar as we get closer. This is another sign. I will not be one of these people. Don't be a fool.
8-15-2018 Newshound Guru Adam Montana Is it Groundhog Day? It certainly seems like it, especially after the following: We're still waiting on election results. That's a bummer for everyone waiting on some groundbreaking news, but for most of us... we understand the process, and because we're nearing the end of this chapter, it's not too hard to be patient (for just a LITTLE bit longer!). It's almost mind-boggling to look at the situation and try to understand how it can take them so long to count up a couple of ballots, but that's the way it is. Here's an article that is interesting: "Abadi's chances to assume 2nd term in office decreased" ...it's an Iranian source. Which might mean everything, or nothing. Either way, we're still waiting for the official end of the elections, and until that's done... we are in limbo.
8-15-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, main election winner Sadr's Sairoon Coalition says agreement reached in principle between Sairoon, Nasr, Hikma & Wataniya on forming new governing alliance. New PM to select new cabinet as he likes without party considerations.
8-15-2018 Intel Guru Frank26 Article: "Analyst: US Embassy imposes itself as guardian of Iraqi government decisions" Quotes: "the presence of the American economic team within the embassy came to monitor the financial performance of the government and the extent of Iraq's commitment to the International Monetary Fund."; "the work of the team in monitoring how to deal with the implementation of the conditions of the IMF is a major breach of Iraqi sovereignty." HOW MANY OF YOU BELIEVE THE GOAL OF THE USA IS TO KEEP THE IQD AT A PROGRAM RATE? (Wink) (big Grin)
8-15-2018 Intel Guru Bruce [via PinkRoses] ...We know a lot of our sources are just absolutely quiet between the NDAs and gag orders that are out there. A lot of it is super quiet. We do have some information here and there. Rates that we do have or had the last couple of days are very good. ...As far as we can see the so called John Q Public...the latest timing of that we heard is August 21st - 22nd...Things are coming together and more and more pieces of the puzzle is coming in and we are able to see the picture now which looks great for us...We are excited... We are just at the point right now where we are ready to go.
8-15-2018 Newshound/Intel Guru Mnt Goat Article quote: "The results of the elections proved that Abadi and Jabouri calls to hold manual recounting of parliamentary elections votes were an attempt to achieve political gains"
...this article confirms what I have been saying all along...That the sorting and recounting is a conspiracy to stall the formation of the government. Now having said this – is this really that bad since they needed to stall due to cleaning out the corrupt officials and to form the strongest alliance.
8-15-2018 Newshound Guru Kaperoni ...it is not advantageous for Iraq to sit in Article XIV especially since it's been stated numerous times in the Article IV Consultations that moving to Article VIII will send a positive message to the global investment community. Iraq needs a private-sector badly.
8-15-2018 Intel Guru Footforward You will see alot of people sell or get rid of their dinar as we get closer. This is another sign. I will not be one of these people. Don't be a fool.
8-15-2018 Newshound Guru Adam Montana Is it Groundhog Day? It certainly seems like it, especially after the following: We're still waiting on election results. That's a bummer for everyone waiting on some groundbreaking news, but for most of us... we understand the process, and because we're nearing the end of this chapter, it's not too hard to be patient (for just a LITTLE bit longer!). It's almost mind-boggling to look at the situation and try to understand how it can take them so long to count up a couple of ballots, but that's the way it is. Here's an article that is interesting: "Abadi's chances to assume 2nd term in office decreased" ...it's an Iranian source. Which might mean everything, or nothing. Either way, we're still waiting for the official end of the elections, and until that's done... we are in limbo.
8-15-2018 Newshound/Intel Guru David M. Witty In Iraqi election news, main election winner Sadr's Sairoon Coalition says agreement reached in principle between Sairoon, Nasr, Hikma & Wataniya on forming new governing alliance. New PM to select new cabinet as he likes without party considerations.
8-15-2018 Intel Guru Frank26 Article: "Analyst: US Embassy imposes itself as guardian of Iraqi government decisions" Quotes: "the presence of the American economic team within the embassy came to monitor the financial performance of the government and the extent of Iraq's commitment to the International Monetary Fund."; "the work of the team in monitoring how to deal with the implementation of the conditions of the IMF is a major breach of Iraqi sovereignty." HOW MANY OF YOU BELIEVE THE GOAL OF THE USA IS TO KEEP THE IQD AT A PROGRAM RATE? (Wink) (big Grin)
8-15-2018 Intel Guru Bruce [via PinkRoses] ...We know a lot of our sources are just absolutely quiet between the NDAs and gag orders that are out there. A lot of it is super quiet. We do have some information here and there. Rates that we do have or had the last couple of days are very good. ...As far as we can see the so called John Q Public...the latest timing of that we heard is August 21st - 22nd...Things are coming together and more and more pieces of the puzzle is coming in and we are able to see the picture now which looks great for us...We are excited... We are just at the point right now where we are ready to go.
8-15-2018 Newshound/Intel Guru Mnt Goat Article quote: "The results of the elections proved that Abadi and Jabouri calls to hold manual recounting of parliamentary elections votes were an attempt to achieve political gains"
...this article confirms what I have been saying all along...That the sorting and recounting is a conspiracy to stall the formation of the government. Now having said this – is this really that bad since they needed to stall due to cleaning out the corrupt officials and to form the strongest alliance.
8-14-2018 Intel Guru RayRen98 IRAQI TV REPORTS 240 APPEALS WERE FILED AGAINST THE ELECTION RECOUNT, THE FED COURT WILL SUPPOSEDLY REVIEW EACH OF THEM. STAY CALM...TIME WILL TELL.
8-14-2018 Newshound Guru Don961 Article: "Eid al - Adha holiday in Iraq from Tuesday 21 - 8 until Sunday" Quote: "The Council of Ministers set the Eid al-Adha holiday on Tuesday, August 21, 2018, until Sunday 26 of the same month...official working hours will resume on Monday, August 27."
8-14-2018 Newshound Guru MilitiaMan Article: "Main functions of the Internal Audit Department" Quote: "To manage the work of the internal audit teams and determine their duties, including all departments and branches of the Bank, and to follow up on the performance of its tasks, in compliance with international standards." ...this is telling the world, we are ready once again and clearly laying it out we are abiding by international standards...imo...Evasion of Sanctions will be caught with this highly transparent auditing detail in place. This didn't just get started yesterday...This has been a work in process for years now. This speaks of we are ready even more now, since Alak said so months ago...Very very well timed... Imo...
8-14-2018 Newshound/Intel Guru David M. Witty Iraqi PM backs away from statement that Iraq will fully comply with new U.S. sanctions against Iran. Says for now, Iraq will only not conduct transactions with Iran in dollars. Says other aspects are still being discussed.
8-14-2018 Newshound Guru chattels Article: "Iran-Iraq tensions rise as Tehran demands war compensation Ali Mamouri..." Quote: "The controversy over Iraqi acceptance of the US sanctions and then Iran’s demands for war compensation has divided the Iraqi street into two opposing camps..." Increasingly it appears to me that the US sanctions against Iran are not good for Iraq or our event.
8-14-2018 Guest Guru BobTheTaxman …One of the things that Trump did which I was really appreciative of was the fact that he recognizes that it is…the middle income of America that is the machine that keeps the finances of the whole freaking world going…to lower the taxes and to give everyone the opportunity to breath, to expand their world, to achieve a retirement…The thing that I happen to get out of doing this is helping to take the fear out. In my career of doing taxes I always taught several saying I really enjoyed. 1. G.O.D. and the I.R.S. are not the same. Pigs get fat and Hogs get slaughtered. So learning how to play the game gives peace. When you have peace everything else is a lot more fun. Period…The other part of it is to be able to take what I have managed to learned over the past 30 some odd years and to apply it directly to our dinar investment brings me great peace. Brings me great joy. And I love showing people it’s not nearly as complicated. And the 2018 tax laws - man, those are a godsend for us! They are phenomenal… [He recommends speaking with SIX tax professionals at the appropriate time and picking the one you feel "listens" the most. ]
8-14-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQI PRIME MINISTER HAIDER AL-ABADI’S COMMENTS THAT HIS COUNTRY WOULD ABIDE BY US SANCTIONS TAKEN ON IRAN" ...don’t dismiss the impact these sanctions will have on Iraq. This is going to be the next real “BIGGIE” that we have to worry about if they don’t push out this reinstatement of the dinar real soon...They let the target of Dec-Jan for the reinstatement melt away due to the corruption and so here we are in August...and still no RV. And so, although I support president Trump in finally enforcing with the Iranians the “red line”, I think this too may overflow into the objectives of our investment – the reinstatement of the dinar. These sanctions are going to be real intense for Iran... Quote: “...Iran will seek to stop the collapse of its local currency by getting the dollar at any price from neighboring countries, while .pointing out that Iraq is the closest of these countries Iran will seek to stop the collapse of its local currency by getting the dollar at any price, Iraq"
8-14-2018 Newshound Guru chattels Quote: "Revealed the current national wisdom headed by Ammar al - Hakim, on Monday, ...the next three days will see the introduction of new names for prime minister." Ali Mohammad Al-Hussein Ali Al-Adeeb has been mentioned recently, but he is arguably a Maliki proxy. And, The man who may become Iraq’s next Prime Minister Jaafar al-Sadr is a strong candidate to take the top job, but there are plenty of obstacles in his way. Abadi heads the Iraqi Caretaker Government as PM until replaced and he is the choice of the U.S.
8-14-2018 Newshound Guru Don961 Article: "Eid al - Adha holiday in Iraq from Tuesday 21 - 8 until Sunday" Quote: "The Council of Ministers set the Eid al-Adha holiday on Tuesday, August 21, 2018, until Sunday 26 of the same month...official working hours will resume on Monday, August 27."
8-14-2018 Newshound Guru MilitiaMan Article: "Main functions of the Internal Audit Department" Quote: "To manage the work of the internal audit teams and determine their duties, including all departments and branches of the Bank, and to follow up on the performance of its tasks, in compliance with international standards." ...this is telling the world, we are ready once again and clearly laying it out we are abiding by international standards...imo...Evasion of Sanctions will be caught with this highly transparent auditing detail in place. This didn't just get started yesterday...This has been a work in process for years now. This speaks of we are ready even more now, since Alak said so months ago...Very very well timed... Imo...
8-14-2018 Newshound/Intel Guru David M. Witty Iraqi PM backs away from statement that Iraq will fully comply with new U.S. sanctions against Iran. Says for now, Iraq will only not conduct transactions with Iran in dollars. Says other aspects are still being discussed.
8-14-2018 Newshound Guru chattels Article: "Iran-Iraq tensions rise as Tehran demands war compensation Ali Mamouri..." Quote: "The controversy over Iraqi acceptance of the US sanctions and then Iran’s demands for war compensation has divided the Iraqi street into two opposing camps..." Increasingly it appears to me that the US sanctions against Iran are not good for Iraq or our event.
8-14-2018 Guest Guru BobTheTaxman …One of the things that Trump did which I was really appreciative of was the fact that he recognizes that it is…the middle income of America that is the machine that keeps the finances of the whole freaking world going…to lower the taxes and to give everyone the opportunity to breath, to expand their world, to achieve a retirement…The thing that I happen to get out of doing this is helping to take the fear out. In my career of doing taxes I always taught several saying I really enjoyed. 1. G.O.D. and the I.R.S. are not the same. Pigs get fat and Hogs get slaughtered. So learning how to play the game gives peace. When you have peace everything else is a lot more fun. Period…The other part of it is to be able to take what I have managed to learned over the past 30 some odd years and to apply it directly to our dinar investment brings me great peace. Brings me great joy. And I love showing people it’s not nearly as complicated. And the 2018 tax laws - man, those are a godsend for us! They are phenomenal… [He recommends speaking with SIX tax professionals at the appropriate time and picking the one you feel "listens" the most. ]
8-14-2018 Newshound/Intel Guru Mnt Goat Article: "IRAQI PRIME MINISTER HAIDER AL-ABADI’S COMMENTS THAT HIS COUNTRY WOULD ABIDE BY US SANCTIONS TAKEN ON IRAN" ...don’t dismiss the impact these sanctions will have on Iraq. This is going to be the next real “BIGGIE” that we have to worry about if they don’t push out this reinstatement of the dinar real soon...They let the target of Dec-Jan for the reinstatement melt away due to the corruption and so here we are in August...and still no RV. And so, although I support president Trump in finally enforcing with the Iranians the “red line”, I think this too may overflow into the objectives of our investment – the reinstatement of the dinar. These sanctions are going to be real intense for Iran... Quote: “...Iran will seek to stop the collapse of its local currency by getting the dollar at any price from neighboring countries, while .pointing out that Iraq is the closest of these countries Iran will seek to stop the collapse of its local currency by getting the dollar at any price, Iraq"
8-14-2018 Newshound Guru chattels Quote: "Revealed the current national wisdom headed by Ammar al - Hakim, on Monday, ...the next three days will see the introduction of new names for prime minister." Ali Mohammad Al-Hussein Ali Al-Adeeb has been mentioned recently, but he is arguably a Maliki proxy. And, The man who may become Iraq’s next Prime Minister Jaafar al-Sadr is a strong candidate to take the top job, but there are plenty of obstacles in his way. Abadi heads the Iraqi Caretaker Government as PM until replaced and he is the choice of the U.S.
8-13-2018 Newshound/Intel Guru Mnt Goat They have to announce the newly elected chairman first. Then they must swear in the newly elected members of parliament.Then the winning party (Sadr Movement) presents their candidate for prime minister. He/she is then ratified by the new parliament to form his/her cabinet of ministries and give 90 days to do so. Remember this: When you hear the term “form the new government” this could be referring to two entirely different objectives. 1) is getting parliament members and the speaker back in session, the new president elected and his deputies or 2) it could mean the formation of the prime minister’s cabinet or both. So the articles are not always clear on the use of these terms. [post 2 of 2]
8-13-2018 Newshound/Intel Guru Mnt Goat Is the Iraqi government already formed? Again a rumor stating that it is already formed is just that - a rumor. On Monday 8/6 they announced the sorting and re-counting was completed. Then the rest of the week the judiciary oversite reviewed the results and finding from the judges assigned to the re-counting. On Friday 8/10 they made a decision to ratify the election results for all but three candidates now charged with corruption in the cabinet ministries. So these were not parliamentary members but members of Abadi’s council of ministers. Now that the election results are ratified by the judiciary they can hold the first session of parliament. They have not yet given us a date as to when this will happen. My guess is probably this week sometime. [post 1 of 2....stay tuned]
8-13-2018 Newshound Guru Kaperoni ...the very purpose of floating the currency is to counter inflationary pressure created by substantial investment. If you were to revalue...you would be circumventing that process. Not to mention the CBI will make money buying and selling blocks of currency ending the currency auction. Any such single event would circumvent the ability to profit as the dinar rises.
8-13-2018 Newshound/Intel Guru Mnt Goat Anyway that this happens, we are told they must watch for inflation in this process, as a sudden adjustment in the value of the dinar could cause prices to sore [soar ?] or even not adjust past the larger 3 zero notes. The prices must come down and adjust. This will not be deflation but an adjustment to equal value within Iraq. For instance, a 25,000 note will be worth $25 at a 1:1. Then as the rate adjust on the FOREX float and rises for example to $3.00 USD, this same note can be worth $75 in Iraq. So you can see the increase in purchasing power at the marketplace. It is all relative and not a “lop” being performed but an “redenomination”. [post 3 of 3]
8-13-2018 Newshound/Intel Guru Mnt Goat What to expect next from the CBI? So Eid al-Adha holiday in Iraq 2018 will begin in the evening of Tuesday August 21 and will end in the evening of Saturday August 25. I can assure everyone that the holiday has absolutely no significance in the timing of the reinstatement. FACT: The CBI is going to soon begin it’s long overdue educational program to the citizens on the reinstatement process and the launching of the newer category notes. This could come at the same time as the dinar is reinstated back on the currency exchanges or it might come days before. [post 2 of 3....stay tuned]
8-13-2018 Newshound/Intel Guru Mnt Goat Relax when it comes close to the reinstatement we will hear from the CBI. They have told me over and over again that when the time gets close, simply read the news media from Iraq. They fully intend to explain the process of the final stages of the “project to delete the zeros’ to the citizens. So far, they have kept their promises each time they geared up for the past target dates. I have no reason why they would not continue to do the same. ...So what did the CBI last tell us? They told us they needed a more “suitable timeframe”. This to us meant that the elections process first needed clean out the corrupt officials, which in turn would assist in stopping much of the money laundering, fraud and manipulation of the currency auctions. This is now all being taken care of as the election results become public. The judiciary just told us they ratified the results. So this is moving forward. [post 1 of 3....stay tuned]
8-13-2018 Newshound Guru Breitling …The situation that you are watching with Turkey and their currency going down and then obviously the value of Iran’s currency going down…it will be nothing like the Iraqi dinar. Basically we are at war and we want to get rid of the people at the top. He’s [Trump] trying to squeeze them and force them into doing deals. Just like we did with Nato and with the EU in general and with Russia…The thing with Turkey is their currency has gone down and their leaders are panicking. …lots of signals out there that even if it does go back up it will not be anything significant….so stay away from them [Turkey and Iran Currency]. The Zimbabwe currency stay away from it…We’ve talked about it a lot but there needs to be a lot done for the Vietnamese currency. I still have it but there is no report. Again it all depends on China. On China’s attitude. On what China is doing.
8-13-2018 Intel Guru Delta Article quote: "ISAKA, the US-based international banking organization, opened its own branch in Baghdad." ...REPEAT AFTER ME IRAQ...INTERNATIONAL!!! OTHER THAN THAT...NONE OF JULY NOR AUGUST...WOULD HAVE HAPPENED AS THEY HAVE.
8-13-2018 Newshound Guru Kaperoni Iraqi CBI gets ISO 9001 certification. This is great news they meet international compliance on cash management. Iraq is creating the conditions to support a private sector and private investment.
8-13-2018 Newshound/Intel Guru Mnt Goat Is the Iraqi government already formed? Again a rumor stating that it is already formed is just that - a rumor. On Monday 8/6 they announced the sorting and re-counting was completed. Then the rest of the week the judiciary oversite reviewed the results and finding from the judges assigned to the re-counting. On Friday 8/10 they made a decision to ratify the election results for all but three candidates now charged with corruption in the cabinet ministries. So these were not parliamentary members but members of Abadi’s council of ministers. Now that the election results are ratified by the judiciary they can hold the first session of parliament. They have not yet given us a date as to when this will happen. My guess is probably this week sometime. [post 1 of 2....stay tuned]
8-13-2018 Newshound Guru Kaperoni ...the very purpose of floating the currency is to counter inflationary pressure created by substantial investment. If you were to revalue...you would be circumventing that process. Not to mention the CBI will make money buying and selling blocks of currency ending the currency auction. Any such single event would circumvent the ability to profit as the dinar rises.
8-13-2018 Newshound/Intel Guru Mnt Goat Anyway that this happens, we are told they must watch for inflation in this process, as a sudden adjustment in the value of the dinar could cause prices to sore [soar ?] or even not adjust past the larger 3 zero notes. The prices must come down and adjust. This will not be deflation but an adjustment to equal value within Iraq. For instance, a 25,000 note will be worth $25 at a 1:1. Then as the rate adjust on the FOREX float and rises for example to $3.00 USD, this same note can be worth $75 in Iraq. So you can see the increase in purchasing power at the marketplace. It is all relative and not a “lop” being performed but an “redenomination”. [post 3 of 3]
8-13-2018 Newshound/Intel Guru Mnt Goat What to expect next from the CBI? So Eid al-Adha holiday in Iraq 2018 will begin in the evening of Tuesday August 21 and will end in the evening of Saturday August 25. I can assure everyone that the holiday has absolutely no significance in the timing of the reinstatement. FACT: The CBI is going to soon begin it’s long overdue educational program to the citizens on the reinstatement process and the launching of the newer category notes. This could come at the same time as the dinar is reinstated back on the currency exchanges or it might come days before. [post 2 of 3....stay tuned]
8-13-2018 Newshound/Intel Guru Mnt Goat Relax when it comes close to the reinstatement we will hear from the CBI. They have told me over and over again that when the time gets close, simply read the news media from Iraq. They fully intend to explain the process of the final stages of the “project to delete the zeros’ to the citizens. So far, they have kept their promises each time they geared up for the past target dates. I have no reason why they would not continue to do the same. ...So what did the CBI last tell us? They told us they needed a more “suitable timeframe”. This to us meant that the elections process first needed clean out the corrupt officials, which in turn would assist in stopping much of the money laundering, fraud and manipulation of the currency auctions. This is now all being taken care of as the election results become public. The judiciary just told us they ratified the results. So this is moving forward. [post 1 of 3....stay tuned]
8-13-2018 Newshound Guru Breitling …The situation that you are watching with Turkey and their currency going down and then obviously the value of Iran’s currency going down…it will be nothing like the Iraqi dinar. Basically we are at war and we want to get rid of the people at the top. He’s [Trump] trying to squeeze them and force them into doing deals. Just like we did with Nato and with the EU in general and with Russia…The thing with Turkey is their currency has gone down and their leaders are panicking. …lots of signals out there that even if it does go back up it will not be anything significant….so stay away from them [Turkey and Iran Currency]. The Zimbabwe currency stay away from it…We’ve talked about it a lot but there needs to be a lot done for the Vietnamese currency. I still have it but there is no report. Again it all depends on China. On China’s attitude. On what China is doing.
8-13-2018 Intel Guru Delta Article quote: "ISAKA, the US-based international banking organization, opened its own branch in Baghdad." ...REPEAT AFTER ME IRAQ...INTERNATIONAL!!! OTHER THAN THAT...NONE OF JULY NOR AUGUST...WOULD HAVE HAPPENED AS THEY HAVE.
8-13-2018 Newshound Guru Kaperoni Iraqi CBI gets ISO 9001 certification. This is great news they meet international compliance on cash management. Iraq is creating the conditions to support a private sector and private investment.
8-12-2018 Newshound Guru MilitiaMan [Does The HCL have to be implemented before the RI/RV.] Imo, It has been for months now, just not literally yet. They have calculated the information necessary for them to have the HCL done and even activated by or on about September 5th per articles of recent... The calculation would be based on oil output that the IMF and even KPMG would have had already worked up. The citizens imo will be paid their share apparently on or around the 5th of September, but, that amount would be posted electronically to then [them ?] in new currency that can be loaded on cards. There is a recent article(s) that state just how serious it would be to tell them that the money is coming and for them to not follow through, would create even harsher protests... They know they are getting paid, and, imo, the international calculation / rate will be / maybe exposed long before that date. They just showed the specimens to the world and what that means to them and us.. It is for other countries to know what to look for... As in when we walk through the doors with those notes, they can verify what they are looking at...Amazing what is staring at us in the face.. IMO!!
8-12-2018 Newshound Guru Kaperoni [reference Guru Kaperoni post 8-11-2018] The announcement of...now offering immediate cash exchange is is not that much different from their normal policy other than the fact that you're getting cash immediately which eliminates corruption or trickery or scamming...they are now positioning themselves to become a player...What I mean by that is that they are announcing of sorts that they want to be a 'facilitator' and by offering on the spot cash they are removing the potential for scamming. I had stated several years ago when people ask me about cash out not to worry and that we will deal with it when it becomes relevant. So this is good news for us as dinar holders...it is still up to Iraq to transition to Article VIII and engage their banking system with the world financial system allowing the currency to appreciate.
8-12-2018 Newshound/Intel Guru Mnt Goat Article: "Iraqi Prime Minister Haider al-Abadi’s comments that his country would abide by US sanctions has taken Iranian media by surprise." Quote: "As a matter of principle, we are against sanctions in the region," Abadi said at a press conference Aug. 8. "Blockade and sanctions destroy societies and weaken regimes." He added that they are a "strategic mistake" but that Iraq "will abide by them." ...of course Abadi has to comply with the US request for these sanctions if he wants to be prime minister again. This is NOT such a bad thing...just so you know… This is all going to get real sticky and Iran will try anything to get the CBI funds. They are going to get real desperate with their neighbors. [post 3 of 3]
8-12-2018 Newshound/Intel Guru Mnt Goat Yes, they are under great pressure to get rid of the Iranian influence in the political process more than ever. If they do not clean this up, it is only going to get real bad for Iraq once these sanctions kick in fully during November. ...much of this delay in getting the government formed is due to the efforts to clean out the corrupt politicians and Iranian influence... ...any corrupt Iranians in the Iraqi political process would play the same old games with the wealth from the CBI. They would use legitimate reconstruction contracts that never get completed and funds taken, fake banks, illegal banking loans to take funds out of the CBI reserves to give to the Iranian to help them through these sanctions, which are going to be the MOST severe yet placed on them come November. [post 2 of 3....stay tuned]
8-12-2018 Newshound/Intel Guru Mnt Goat So what is the impact going to be of these sanctions being put on Iran? ...we know that Iraq is desperately trying to stay neutral when it comes to Iran. There is significant gains for both countries by being trading partners. They have trading agreements and exporting to Iran can definitely help them through the embargo. But food is not all they want from Iraq. Now more then ever they want the US dollars. So where do these dollars come from? They come from the currency auctions of course and so you can see the need now for a greater push to clean up this side of the corruption and maybe even stop these auctions altogether. [post 1 of 3....stay tuned]
8-12-2018 Newshound Guru Mailman17 THE AMOUNT OF INVESTMENT IN IRAQ HAS NOTHING TO DO WITH THE VALUE RAISING. THEY ARE NOT GONNA START AT 1190, WITH THE PREMISE THAT LOWER DENOMS WILL COME OUT AS NEEDED. IF THAT WERE THE CASE NO ONE INSIDE IRAQ WOULD TRADE THEIR DINAR IN OR PUT IT IN BANKS OR INVEST IN THE ISX LET ALONE US AT HOME. A FLOAT IS IN NO WAY AN OPTION ESPECIALLY WITH ITS EFFECT ON SHARES IN THE ISX. INVESTMENT WILL COME WHEN THE DINAR COMES OUT AT A STABLE RATE LIKE 1-1 AS PROMISED BY SHABBIBI AND THEN A MANAGED FLOAT TO MAINTAIN INFLATION. ITS COMING. THEY HAVE TIPPED THEIR HAND WITH TOO MUCH INFO COMING FROM THE CBI. A FLOAT FROM 1190 IS NOT AN OPTION. JMHO
8-12-2018 Intel Guru Delta BECAUSE OF IRAN SITUATION THE DEMAND FOR $$ WILL INCREASE IN IRAQ AND THAT MIGHT CAUSE MORE THAN 2%... THAT'S WHY CBI HAVE TO MOVE VERY FAST ASAP...
8-12-2018 Newshound Guru Kaperoni [reference Guru Kaperoni post 8-11-2018] The announcement of...now offering immediate cash exchange is is not that much different from their normal policy other than the fact that you're getting cash immediately which eliminates corruption or trickery or scamming...they are now positioning themselves to become a player...What I mean by that is that they are announcing of sorts that they want to be a 'facilitator' and by offering on the spot cash they are removing the potential for scamming. I had stated several years ago when people ask me about cash out not to worry and that we will deal with it when it becomes relevant. So this is good news for us as dinar holders...it is still up to Iraq to transition to Article VIII and engage their banking system with the world financial system allowing the currency to appreciate.
8-12-2018 Newshound/Intel Guru Mnt Goat Article: "Iraqi Prime Minister Haider al-Abadi’s comments that his country would abide by US sanctions has taken Iranian media by surprise." Quote: "As a matter of principle, we are against sanctions in the region," Abadi said at a press conference Aug. 8. "Blockade and sanctions destroy societies and weaken regimes." He added that they are a "strategic mistake" but that Iraq "will abide by them." ...of course Abadi has to comply with the US request for these sanctions if he wants to be prime minister again. This is NOT such a bad thing...just so you know… This is all going to get real sticky and Iran will try anything to get the CBI funds. They are going to get real desperate with their neighbors. [post 3 of 3]
8-12-2018 Newshound/Intel Guru Mnt Goat Yes, they are under great pressure to get rid of the Iranian influence in the political process more than ever. If they do not clean this up, it is only going to get real bad for Iraq once these sanctions kick in fully during November. ...much of this delay in getting the government formed is due to the efforts to clean out the corrupt politicians and Iranian influence... ...any corrupt Iranians in the Iraqi political process would play the same old games with the wealth from the CBI. They would use legitimate reconstruction contracts that never get completed and funds taken, fake banks, illegal banking loans to take funds out of the CBI reserves to give to the Iranian to help them through these sanctions, which are going to be the MOST severe yet placed on them come November. [post 2 of 3....stay tuned]
8-12-2018 Newshound/Intel Guru Mnt Goat So what is the impact going to be of these sanctions being put on Iran? ...we know that Iraq is desperately trying to stay neutral when it comes to Iran. There is significant gains for both countries by being trading partners. They have trading agreements and exporting to Iran can definitely help them through the embargo. But food is not all they want from Iraq. Now more then ever they want the US dollars. So where do these dollars come from? They come from the currency auctions of course and so you can see the need now for a greater push to clean up this side of the corruption and maybe even stop these auctions altogether. [post 1 of 3....stay tuned]
8-12-2018 Newshound Guru Mailman17 THE AMOUNT OF INVESTMENT IN IRAQ HAS NOTHING TO DO WITH THE VALUE RAISING. THEY ARE NOT GONNA START AT 1190, WITH THE PREMISE THAT LOWER DENOMS WILL COME OUT AS NEEDED. IF THAT WERE THE CASE NO ONE INSIDE IRAQ WOULD TRADE THEIR DINAR IN OR PUT IT IN BANKS OR INVEST IN THE ISX LET ALONE US AT HOME. A FLOAT IS IN NO WAY AN OPTION ESPECIALLY WITH ITS EFFECT ON SHARES IN THE ISX. INVESTMENT WILL COME WHEN THE DINAR COMES OUT AT A STABLE RATE LIKE 1-1 AS PROMISED BY SHABBIBI AND THEN A MANAGED FLOAT TO MAINTAIN INFLATION. ITS COMING. THEY HAVE TIPPED THEIR HAND WITH TOO MUCH INFO COMING FROM THE CBI. A FLOAT FROM 1190 IS NOT AN OPTION. JMHO
8-12-2018 Intel Guru Delta BECAUSE OF IRAN SITUATION THE DEMAND FOR $$ WILL INCREASE IN IRAQ AND THAT MIGHT CAUSE MORE THAN 2%... THAT'S WHY CBI HAVE TO MOVE VERY FAST ASAP...
8-13-2018 *** Dinar Guru News Update *** Intel and Newshound Gurus are reporting the Spring election recount has been COMPLETED with very minor changes in results. This means forming the government can get back on track. First thing we'll see is the election results being ratified. Followed by the first session of the new parliament. From there the new government will be formed...stay tuned as the gurus chime in on this very significant development. The latest guru posts will continue below...
8-11-2018 Newshound/Intel Guru Mnt Goat Could this election saga finally be coming to an end? Its only 3 weeks from September. Will they try to drag this out until then? And even when they do finally announce the new parliament and prime minister then what? Will the CBI pull the trigger on the reinstatement of the dinar? Is the reinstatement already being slowly rolled out behind our backs? We see ISX going international already. Yes, there is a process to this SLOW rollout and DR Shabibi himself told us this is NOT going to be a sudden triggered event...but a very slow process. He said it would take months to complete. Will the CBI complete the “project to delete the zeros”? This is what is going to bring us a significant change in the value of the dinar. Will the CBI finally launch the lower category notes? We know when they do this there will have to be some adjustment to the rate of the dinar to coincide.
8-11-2018 Newshound Guru sandyf Only dinarland would make an issue out of the word "SPECIMEN", wouldn't cross their mind that it may have something to do with standards on the reproduction of banknote images. Quotes: "Every country has legal restrictions on the reproduction of banknote images. The counterfeiting of currency is a crime, and while restrictions vary from country to country, in some countries, any reproduction of banknote images – even for artistic or advertising uses – is strictly forbidden. Even in countries that allow some limited use of banknote images, there are specific rules and requirements..." "...Reproductions shall be depicted proportionally and the image shall be larger or smaller than a genuine banknote. Reproductions shall contain the word "SPECIMEN" in bold lettering diagonally across the image."
8-11-2018 Newshound Guru Kaperoni Very interesting announcement today from currency dealer...they now or [are] allowing customers to exchange dinar for cash USD on the spot and all locations.
8-11-2018 Newshound Guru Breitling [2] …Iraq just watching the markets. If they go below a certain price per barrel…again I don’t know exactly what that price per barrel is…but it’s in the low 60’s the high 50’s and they start to sweat…it’s not good. They can maintain but they don’t want to maintain. They’re like everyone else, they want an insurance policy. In fact they want to go beyond an insurance policy and they want the success to be endless. That’s what’s going on, so you have Iraq with the market pressure and now you have the pressure coming from Iran. And it’s heavy, huge and real. That’s what they talked about. That’s what’s going on. So that’s the report I got from Iraq. [Post 2 of 2]
8-11-2018 Newshound Guru Breitling …This all does tie with Iraq…one of the things is Iran…we were not too sure if Europe was going to participate with the United States in the sanctions against Iran. That puts pressure on Iran financially. Well guess what? That puts pressure on Iraq financially. Because now Iran is going to depend on Iraq even more…this is a big plus for us. [Post 1 of 2]
8-11-2018 Newshound Guru Kaperoni ...Iraq would be just fine if they were in Article VIII with an 1190 valued currency. Yes we all know it deserves to be higher...many experts believe it is extremely undervalued. But that is what floating a currency is all about allowing market forces to dictate a country's exchange rate. So we will all find out if the Balassa Samuelson effect is in play and large amounts of capital come into Iraq to rebuild and investors around the world believe that the currency is undervalued. [post 2 of 2]
8-11-2018 Newshound Guru Kaperoni ...the dinar cannot be international at 1190 $1...Sure it can and it will! At 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
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